Madison Mosaic Disciplined Equity Fund

Fund Overview

With Madison Mosaic Disciplined Equity, quality reigns supreme.

As of April 04, 2012, the fund has assets totaling almost $156.09 million invested in 53 different holdings. Its portfolio consists primarily of large-cap stocks.

For Madison Mosaic Disciplined Equity's management team, investing is all about stock picking. To neutralize sector dynamics, the fund keeps its sector weightings almost identical to those of the S&P 500. That means all of the fund's relative outperformance stems from superior stock selection. "In general, we're looking for companies that are growing faster than the market but yet have higher-quality balance sheets, strong management teams, sustainable competitive advantages, and . . . reasonable valuations," says co-manager Jay Sekelsky. Sekelsky and his team prefer conservative blue chips that have demonstrated their potential over the years. "You're more likely to see a Johnson & Johnson in the portfolio than a biotech company, for instance," Sekelsky says. Over the past few years, that strategy has generally worked out well. The fund has returned 7.17 percent over the past year and 21.19 percent over the past three years. 

Historically, this fund has built a solid track record. If it weren't for the stretch between 2003 and 2005 (the fund was in the bottom 15 percent of its category in each of the three years), those numbers would be even more impressive. The fund has returned 2.95 percent over the past five years and 3.41 percent over the past decade. 

Investment Strategy

According to the fund's prospectus: "[The] adviser selects companies that it believes show steady, sustainable growth and reasonable valuation, rather than 'hot' stocks or 'trendy' growth companies. [The] adviser will invest in the stocks of issuers that it believes have a blend of both value and growth potential: what the adviser calls 'GARP' or 'growth at a reasonable price.'  By pursuing this strategy, the adviser's intent is that investors in the Fund will participate in market appreciation during bull markets. The strategy is also intended to protect investors during bear markets compared with investors in portfolios holding more speculative and volatile securities."

Role in Portfolio

This fund could lend support to a well-balanced portfolio.

Management

Jay Sekelsky and Marian Quade manage the fund.

Performance

The fund has returned 7.17 percent over the past year, 21.19 percent over the past three years, 2.95 percent over the past five years, and 3.41 percent over the past decade. 

Hypothetical Growth of $10,000

Updated 03.31.2012

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Holdings

Management prefers quality stocks and keeps sector weightings in line with those of the S&P 500.

Asset Allocation

	% Long	% Net
Cash	2.24	2.24
Stocks	89.24	89.24
Bonds	0.0	0.0
Other	0.0	0.0
Foreign Bonds	0.0	0.0
Foreign Stocks	8.52	8.52
Convertible	0.0	0.0
Preferred	0.0	0.0

Updated 02.29.2012

Top Holdings

Performance as of 03.31.2012

Portfolio as of 02.29.2012

	Ticker	YTD Return %	% Net Assets
Google, Inc. A	GOOG	0.16	3.61
Microsoft Corporation	MSFT	25.15	3.54
Johnson & Johnson	JNJ	1.83	3.41
PepsiCo Inc	PEP	1.36	2.76
Schlumberger NV	SLB	2.64	2.73

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Fees

Madison Mosaic Disciplined Equity Fund has an expense ratio of 0.96 percent. 

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Risk

Like all stock funds, this one comes with some risks.

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