# EDGAR Filing Document

**Accession Number:** 0001040612
**File Stem:** 0001410368-26-064085
**Filing Date:** 2026-6
**Character Count:** 14260
**Document Hash:** f755f03d1ef434efb07ed8b067100c49
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-064085.hdr.sgml**: 20260623

**ACCESSION NUMBER**: 0001410368-26-064085

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260623

**DATE AS OF CHANGE**: 20260623

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MADISON FUNDS
- **CENTRAL INDEX KEY:** 0001040612

**ORGANIZATION NAME:**
- **EIN:** 391894316
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08261
- **FILM NUMBER:** 261111820

**BUSINESS ADDRESS:**
- **STREET 1:** 550 SCIENCE DRIVE
- **CITY:** MADISON
- **STATE:** WI
- **ZIP:** 53711
- **BUSINESS PHONE:** 6082740300

**MAIL ADDRESS:**
- **STREET 1:** 550 SCIENCE DRIVE
- **CITY:** MADISON
- **STATE:** WI
- **ZIP:** 53711

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MEMBERS MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 19970609

## Series and Classes Contracts Data

### Madison Large Cap Fund (Series ID: S000040131)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000124794 | Large Cap Fund Class Y  | MINVX           |
| C000130690 | Large Cap Fund Class R6 | MNVRX           |
| C000130691 | Large Cap Fund Class A  | MNVAX           |
| C000221333 | Large Cap Fund Class I  | MIVIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** MADISON FUNDS

- **b. Investment Company Act file number:** 811-08261

- **c. CIK number of Registrant:** 0001040612

- **d. LEI of Registrant:** 25490037IZEAAJ1OT743

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 550 SCIENCE DRIVE

  - **City:** MADISON

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53711

  - **Telephone number:** 608-274-0300

**Item A.2. Information about the Series.**

- **a. Name of Series:** Madison Large Cap Fund

- **b. EDGAR series identifier (if any):** S000040131

- **c. LEI of Series:** 5493000V85LMHCOTG216

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $327517463.25

**Total Liabilities:** $252648.23

**Net Assets:** $327264815.02

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000221333 | 0.62%                | -7.04%               | 10.11%               |
| Class ID C000124794 | 0.62%                | -7.02%               | 10.08%               |
| Class ID C000130691 | -5.21%               | -12.40%              | 3.74%                |
| Class ID C000130690 | 0.65%                | -7.05%               | 10.13%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6278438.05              | $-4283274.42                               |
| Month 2  | $8766525.83              | $-32327723.85                              |
| Month 3  | $0.00                    | $30298945.57                               |

### Schedule of Portfolio Investments

| Name                         | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Honeywell International Inc  | Honeywell International, Inc.                                | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     33380 | NS      | $7154335.40   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc               | Salesforce, Inc.                                             | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     16943 | NS      | $2990947.79   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                     | MSCI, Inc.                                                   | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |     13373 | NS      | $7908925.93   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The         | Progressive Corp.                                            | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     45038 | NS      | $9065248.64   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd       | Arch Capital Group Ltd.                                      | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |    205155 | NS      | $19378941.30  | 5.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc     | Agilent Technologies, Inc.                                   | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     88950 | NS      | $10278172.50  | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon AG                     | Alcon AG                                                     | CUSIP: 000000000<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |     53122 | NS      | $3977244.14   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc        | Texas Instruments, Inc.                                      | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     73075 | NS      | $20539921.00  | 6.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                     | Visa, Inc.                                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     44158 | NS      | $14565074.72  | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc               | Lowe's Cos., Inc.                                            | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     47137 | NS      | $11255844.23  | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                  | Workday, Inc.                                                | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     20350 | NS      | $2490840.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                  | CDW Corp.                                                    | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |     51313 | NS      | $7025262.83   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                 | Alphabet, Inc.                                               | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     69973 | NS      | $26725487.62  | 8.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc                  | Gartner, Inc.                                                | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |     32703 | NS      | $4856068.47   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc     | Marsh & McLennan Cos., Inc.                                  | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     53143 | NS      | $8912612.53   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                   | Airbnb, Inc.                                                 | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     62702 | NS      | $8800852.72   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                   | PACCAR, Inc.                                                 | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |     85919 | NS      | $10207177.20  | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The              | TJX Cos., Inc.                                               | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     51452 | NS      | $8065101.00   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp              | Brookfield Corp.                                             | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |    238224 | NS      | $10748666.88  | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp         | Parker-Hannifin Corp.                                        | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     16719 | NS      | $15204592.98  | 4.65%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors | State Street Institutional U.S. Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   4652365 | NS      | $4652364.66   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                   | Deere & Co.                                                  | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     10732 | NS      | $6330484.84   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc           | Analog Devices, Inc.                                         | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     38014 | NS      | $15291511.64  | 4.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The      | Charles Schwab Corp.                                         | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     90980 | NS      | $8337407.20   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc           | Meta Platforms, Inc.                                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     15168 | NS      | $9281450.88   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc     | Ferguson Enterprises, Inc.                                   | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |     66557 | NS      | $17817974.47  | 5.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                   | Copart, Inc.                                                 | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |    185450 | NS      | $6140249.50   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc    | Keysight Technologies, Inc.                                  | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |     54141 | NS      | $18944477.31  | 5.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                 | Danaher Corp.                                                | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     57669 | NS      | $10319867.55  | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc               | Amazon.com, Inc.                                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     75035 | NS      | $19888777.10  | 6.08%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-14

**Name of Applicant:** MADISON FUNDS

**Signature:** Greg Hoppe

**Name of Signer:** Greg Hoppe

**Title:** Chief Financial Officer