Madison Mid Cap Fund Class A (MERAX) Fund Overview

Madison Mid Cap Fund Class A (MERAX) Financial Services Profile

Madison Mid Cap Fund Class A (MERAX) is a financial services fund focused on long-term capital appreciation through investments in mid-sized companies. Maintaining a minimum of 80% allocation to mid-cap securities, MERAX navigates the asset management landscape by targeting companies with market capitalizations between $500 million and $50 billion.

What Is the Investment Thesis for MERAX?

MERAX presents a notable research candidate for investors seeking long-term capital appreciation through exposure to mid-cap equities. The fund's strategy of maintaining at least 80% of its assets in companies with market caps between $500 million and $50 billion offers a balance between growth potential and relative stability. Key value drivers include the fund's ability to identify and capitalize on undervalued or high-growth mid-cap companies. Upcoming catalysts include potential market corrections that could create buying opportunities in fundamentally sound mid-cap stocks. However, potential risks include economic downturns that could negatively impact the performance of mid-cap companies, as well as increased competition in the asset management industry, which could put pressure on fees and returns. The fund's beta of 1.03 indicates that it is expected to move relatively in line with the broader market.

Based on FMP financials and quantitative analysis

MERAX Key Highlights

MERAX focuses on long-term capital appreciation through investments in mid-sized companies.

• The fund maintains at least 80% of its net assets in mid-cap securities.
• MERAX targets companies with market capitalizations between $500 million and $50 billion.
• The fund's beta of 1.03 suggests moderate volatility relative to the market.
• MERAX does not offer a dividend, focusing instead on capital appreciation.

Who Are MERAX's Competitors?

MERAX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are MERAX's Key Strengths?

Experienced investment management team.

• Clear focus on mid-cap equities.
• Established track record.
• Disciplined investment approach.

What Are MERAX's Weaknesses?

Dependence on market conditions.

• Potential for underperformance relative to benchmarks.
• Limited dividend yield.
• Susceptibility to economic cycles.

What Are the Key Risks for MERAX?

Economic downturns negatively impacting mid-cap companies.

• Increased competition in the asset management industry.
• Market volatility affecting fund performance.
• Regulatory changes impacting investment strategies.

What Are MERAX's Competitive Advantages?

• Established track record in mid-cap investing.
• Experienced investment management team.
• Brand recognition and reputation within the asset management industry.

What Does MERAX Do?

Madison Mid Cap Fund Class A (MERAX) is an investment vehicle designed to achieve long-term capital appreciation by strategically investing in mid-sized companies. The fund's investment strategy centers around identifying and allocating capital to companies with market capitalizations ranging from $500 million to $50 billion. MERAX adheres to a core principle of maintaining at least 80% of its net assets, including any borrowings for investment purposes, in securities of these mid-cap companies. This focus allows the fund to capitalize on the growth potential often found in companies that are past their initial high-growth phase but still have significant room to expand. The fund operates within the broader asset management industry, offering investors a way to gain exposure to a diversified portfolio of mid-cap stocks. By concentrating on this specific market segment, MERAX aims to provide a balance between growth and stability, potentially offering a more attractive risk-adjusted return compared to investments solely in small-cap or large-cap companies. The fund's investment decisions are guided by a team of experienced financial professionals who conduct in-depth research and analysis to identify companies with strong fundamentals and promising growth prospects. MERAX continually monitors its holdings and adjusts its portfolio as needed to adapt to changing market conditions and maintain its investment objectives.

What Products and Services Does MERAX Offer?

• Invests in common stocks of mid-sized companies.
• Invests in securities convertible into common stocks.
• Invests in related equity securities of mid-sized companies.
• Maintains at least 80% of net assets in mid-cap securities.
• Targets companies with market capitalizations between $500 million and $50 billion.
• Seeks long-term capital appreciation for investors.

How Does MERAX Make Money?

• Generates revenue through management fees charged on assets under management (AUM).
• Fees are typically a percentage of the total AUM.
• Performance-based fees may also be charged if the fund outperforms a benchmark.

What Industry Does MERAX Operate In?

The asset management industry is characterized by intense competition, evolving regulatory landscapes, and fluctuating market conditions. MERAX operates within this environment by focusing specifically on mid-cap equities. The mid-cap segment offers a unique balance between the high-growth potential of small-cap stocks and the relative stability of large-cap stocks. As of 2026, the asset management industry continues to see growth in passively managed and actively managed funds. MERAX competes with other asset management firms such as BRMAX, BRMKX, GTSGX, HASCX, and INUTX, each vying for investor capital.

Who Are MERAX's Key Customers?

• Individual investors seeking long-term capital appreciation.
• Institutional investors, such as pension funds and endowments.
• Financial advisors who recommend the fund to their clients.

MERAX Financials

MERAX Latest News

No recent news available for MERAX.

MERAX Analyst Consensus

MERAX MoonshotScore

Madison Mid Cap Fund Class A Financials Stock: Key Questions Answered

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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