Responsible Investment Policy

Responsible Investment Policy

August 2023

Madison Investments was established in 1974 with an investment philosophy that centers around high-quality assets and effective risk management across fixed income and equity asset classes. We take a long-term perspective and focus on investing in companies with enduring competitive advantages.

Our deep fundamental research plays a crucial role in our investment process and decision-making. We analyze the fundamental characteristics of each business, seeking companies with durable competitive advantages and long-term growth potential. Within our research framework, we evaluate all factors, including risks and opportunities, that we believe will significantly impact a company's performance. As part of this review, we may also consider the impact of environmental, social, and governance issues on a company's fundamentals, sustainability, and growth. By comprehensively understanding business and investment risks, return potential, and long-term viability, we strive to identify businesses with the capabilities, strategies, and risk profiles to sustainably grow. Our analysis of various risk factors enhances our decision-making process, aiming to provide our clients with superior long-term returns and lower-than-average risk. Additionally, these key risks are considered for investable companies; we believe it is in the best interest of our clients to understand how these risk factors can influence our investments and the pursuit of our clients' investment objectives.

“Madison” and/or “Madison Investments” is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC (“MAM”), and Madison Investment Advisors, LLC (“MIA”). MAM and MIA are registered as investment advisers with the U.S. Securities and Exchange Commission. Madison Funds are distributed by MFD Distributor, LLC. MFD Distributor, LLC is registered with the U.S. Securities and Exchange Commission as a broker-dealer and is a member firm of the Financial Industry Regulatory Authority. The home office for each firm listed above is 550 Science Drive, Madison, WI 53711. Madison’s toll-free number is 800-767-0300.

Any performance data shown represents past performance. Past performance is no guarantee of future results.

Non-deposit investment products are not federally insured, involve investment risk, may lose value and are not obligations of, or guaranteed by, any financial institution. Investment returns and principal value will fluctuate.

This website is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security.