Morningstar

Madison Conservative Allocation Fund Class A MCNAX

Morningstar Medalist Rating
Medalist Rating as of | See Madison Investment Investment Hub
  • NAV / 1-Day Return 10.46  /  +0.10 %
  • Total Assets 31.2M
  • Adj. Expense Ratio
    0.980%
  • Expense Ratio 0.710%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Conservative Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Status
  • TTM Yield 2.78%
  • Turnover 30%

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:11 AM GMT+0

Morningstar’s Analysis MCNAX

Will MCNAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MCNAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MCNAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MCNAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Madison Conservative Allocation A holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings MCNAX

More MCNAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 85.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Madison Core Bond R6

51.28 17M
—

VictoryShares Free Cash Flow ETF

6.22 2M
—

Vanguard FTSE All-Wld ex-US ETF

4.49 1M
—

VanEck JPMorgan EMLcl Ccy Bd ETF

4.24 1M
—

Janus Henderson Mortgage-Backed Sec ETF

3.67 1M
—

iShares Core S&P US Growth ETF

3.63 1M
—

iShares 5-10 Year invmt Grd Corp Bd ETF

3.23 1M
—

Madison Large Cap R6

3.20 1M
—

Ssc Government Gvmxx El Ssc Gov K161gvmxx Early

2.99 981,143
Cash and Equivalents

Invesco S&P 500® Quality ETF

2.76 903,959
—

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