MINAX: Madison International Stock A

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MINAX Madison International Stock A

  • Fund
  • MINAX
  • Price as of: Jan 16, 2020
  • $13.31
    + $0.02 + 0.15%

Profile

MINAX - Profile

Vitals

  • YTD Return 0.8%
  • 3 Yr Annualized Return 3.5%
  • 5 Yr Annualized Return 1.3%
  • Net Assets $19.5 M
  • Holdings in Top 10 27.2%

52 WEEK LOW AND HIGH

$13.31
$12.10
$14.06

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.60%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 37.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $500

Fund Classification


Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return 5.5%
  • 5 Yr Annualized Total Return 2.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.42%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Madison International Stock Fund Class A
  • Fund Family Name
    Madison Funds
  • Inception Date
    Dec 29, 1997
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Reinsberg

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets (including borrowings for investment purposes) in the stock of foreign companies. For this purpose, a foreign company is one whose principal operations are located outside the U.S., or that is organized outside the U.S., whose securities are principally traded outside of the U.S., and/or whose securities are quoted or denominated in a foreign currency.


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Categories

Performance

MINAX - Performance

Return Ranking - Trailing

Period MINAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -1.1% 91.9% 77.87%
1 Yr 9.9% -22.3% 91.9% 88.73%
3 Yr 3.5%* -12.5% 24.2% 74.55%
5 Yr 1.3%* -10.1% 29.6% 81.24%
10 Yr N/A* -4.9% 8.0% 14.76%

* Annualized

Return Ranking - Calendar

Period MINAX Return Category Return Low Category Return High Rank in Category (%)
2019 12.8% -19.9% 301.9% 90.84%
2018 -18.2% -50.2% 0.0% 46.41%
2017 21.0% -2.4% 38.4% 75.12%
2016 -6.0% -23.2% 210.3% 95.14%
2015 0.4% -47.4% 6.8% 11.41%

Total Return Ranking - Trailing

Period MINAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -1.1% 91.9% 77.87%
1 Yr 9.9% -22.3% 91.9% 88.71%
3 Yr 5.5%* -10.6% 24.2% 67.26%
5 Yr 2.9%* -10.1% 29.6% 75.05%
10 Yr N/A* -4.9% 9.0% 50.97%

* Annualized

Total Return Ranking - Calendar

Period MINAX Return Category Return Low Category Return High Rank in Category (%)
2019 12.8% -19.9% 301.9% 90.84%
2018 -14.1% -50.2% 0.0% 18.02%
2017 22.0% -0.1% 38.4% 79.74%
2016 -4.8% -10.2% 210.3% 94.05%
2015 1.3% -28.8% 7.7% 14.94%

NAV & Total Return History


Holdings

MINAX - Holdings

Concentration Analysis

MINAX Category Low Category High MINAX % Rank
Net Assets 19.5 M 20 421 B 94.88%
Number of Holdings 74 1 9116 71.53%
Net Assets in Top 10 5.32 M 0 37.7 B 94.55%
Weighting of Top 10 27.24% 0.0% 244.7% 36.10%

Top 10 Holdings

  1. SAP SE 3.17%
  2. Novartis AG 3.14%
  3. Medtronic PLC 3.03%
  4. Royal Dutch Shell PLC Class A 2.92%
  5. Sanofi SA 2.74%
  6. RELX PLC 2.59%
  7. Volkswagen AG Participating Preferred 2.56%
  8. Samsung Electronics Co Ltd 2.55%
  9. Safran SA 2.35%
  10. Assa Abloy AB B 2.19%

Asset Allocation

Weighting Return Low Return High MINAX % Rank
Stocks
97.04% 0.00% 116.29% 71.43%
Cash
2.95% -95.40% 100.00% 23.02%
Preferred Stocks
0.00% 0.00% 2.25% 93.73%
Other
0.00% -13.56% 26.48% 93.19%
Convertible Bonds
0.00% 0.00% 1.87% 92.78%
Bonds
0.00% -0.83% 67.32% 93.88%

Stock Sector Breakdown

Weighting Return Low Return High MINAX % Rank
Financial Services
18.35% 0.00% 29.02% 55.63%
Industrials
17.43% 4.34% 32.40% 18.82%
Communication Services
12.70% 0.00% 29.11% 3.71%
Healthcare
10.69% 0.00% 29.08% 55.63%
Consumer Defense
9.64% 1.35% 30.38% 67.45%
Technology
6.50% 0.00% 52.53% 86.54%
Energy
6.29% 0.00% 15.81% 25.69%
Basic Materials
6.22% 0.00% 17.16% 63.46%
Consumer Cyclical
6.13% 2.08% 27.41% 95.19%
Utilities
3.02% 0.00% 11.11% 46.29%
Real Estate
3.02% 0.00% 12.87% 45.47%

Stock Geographic Breakdown

Weighting Return Low Return High MINAX % Rank
Non US
90.87% 0.00% 121.40% 81.47%
US
6.17% -13.21% 19.62% 14.58%

Expenses

MINAX - Expenses

Operational Fees

MINAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.60% 0.00% 2643.52% 24.13%
Management Fee 1.05% 0.00% 1.36% 98.78%
12b-1 Fee 0.25% 0.00% 1.00% 60.38%
Administrative Fee N/A 0.00% 1.00% N/A

Sales Fees

MINAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.50% 5.75% 38.54%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

MINAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MINAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 37.00% 0.00% 344.00% 46.55%

Distributions

MINAX - Distributions

Dividend Yield Analysis

MINAX Category Low Category High MINAX % Rank
Dividend Yield 0.00% 0.00% 5.55% 94.47%

Dividend Distribution Analysis

MINAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

MINAX Category Low Category High MINAX % Rank
Net Income Ratio 1.42% -1.71% 3.74% 77.42%

Capital Gain Distribution Analysis

MINAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

MINAX - Fund Manager Analysis

Managers

John Reinsberg


Start Date

Tenure

Tenure Rank

Dec 29, 1997

22.02

22.0%

John Reinsberg is Deputy Chairman of Lazard Asset Management responsible for oversight of the firm's international and global strategies. He is also a Portfolio Manager/Analyst on the Global Equity and International Equity portfolio teams. He began working in the investment field in 1981. Prior to joining Lazard in 1992, John was Executive Vice President with General Electric Investment Corporation and Trustee of the General Electric Pension Trust.

Michael Bennett


Start Date

Tenure

Tenure Rank

Dec 29, 1997

22.02

22.0%

Michael Bennett is a Managing Director of Lazard and a portfolio manager for various of Lazard's international and global equity teams. He began working in the investment field in 1987. Prior to joining Lazard in 1992, Mr. Bennett served as an international equity analyst with General Electric Investment Corporation. Previously he was with Keith Lippert Associates and Arthur Andersen & Company. He has an MBA from University of Chicago and a BS in Accounting from New York University.

Michael Powers


Start Date

Tenure

Tenure Rank

Dec 31, 2002

17.01

17.0%

Michael Powers, a Managing Director of Lazard Asset Management, is a portfolio manager/analyst on various of Lazard Asset Management's International Equity teams. He began working in the investment field in 1990 when he joined Lazard Asset Management.

Michael Fry


Start Date

Tenure

Tenure Rank

Dec 31, 2005

14.01

14.0%

Michael G. Fry, a Managing Director of Lazard Asset Management, is a portfolio manager/analyst on various of the Investment Manager’s International Equity teams. Prior to joining Lazard Asset Management in 2005, Mr. Fry held several positions at UBS Global Asset Management, including Head of Global Equity Portfolio Management, Global Head of Equity Research and Head of Australian Equities. Mr. Fry began working in the investment field in 1981.

Kevin Matthews


Start Date

Tenure

Tenure Rank

Feb 28, 2014

5.84

5.8%

Kevin Matthews is a Managing Director of Lazard and a portfolio manager for various of Lazard's international equity teams. Mr. Matthews was a research analyst with a background in financial, automotive, aerospace and capital goods sectors. He began working in the investment field in 2001 when he joined Lazard. Kevin has a BA in Politics and Philosophy from St. Chad's College, Durham University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 27.93 5.4 0.84