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Madison Investors Fund

Quarterly Returns (%)

Years	Q1	Q2	Q3	Q4	Annual

1980	0	10.17	10.94	5.49	0
1981	2.4	2.1	-5.32	10.25	9.14
1982	-8.19	0.23	13.17	20.59	25.58
1983	9.45	7.56	-2.52	0.17	14.94
1984	-10.53	-0.63	2.99	3.95	-5.54
1985	2.89	6.8	-1.02	12.53	24.31
1986	1.29	2.24	-1.58	-14.98	-13.35
1987	9.82	1.78	0.98	-10.4	1.15
1988	3.51	2.61	0.88	5.21	12.73
1989	7.64	4.66	5.13	-7.8	9.6
1990	-10.54	2.94	-14.63	5.43	-14.19
1991	20.43	0.54	3.31	5.37	32.05
1992	-1.18	-1.99	2.95	10.71	10.39
1993	0.67	1.59	-1.63	-5.45	-4.89
1994	-1.62	4.43	4.2	-7.87	-1.37
1995	5.9	6.13	6.09	0.65	19.41
1996	3.37	4.03	6.65	-13.73	0.59
1997	1.3	10.7	13.59	14.63	46.01
1998	-2.27	-1.28	-9.6	23.16	7.42
1999	3.01	6.88	-5.88	1.4	5.07
2000	0.24	-0.71	3.57	7.61	10.98
2001	-2.96	1.71	-10.69	10.68	-2.48
2002	2.47	-9.48	-14.77	8.02	-16.94
2003	-4.05	14.78	1.71	9.37	22.51
2004	2.71	1.24	-1.38	8.71	11.49
2005	-3.55	0.35	0.2	0.19	-2.84
2006	4.36	-1.38	7.75	5.37	16.52
2007	-2.87	4.76	-0.38	-2.8	-0.39
2008	-6.51	-5.68	-0.8	-23.82	-33.36
2009	-9.46	20.9	14.78	6.44	33.73
2010	4.05	-12.24	10.9	9.06	10.44
2011	2.72	-0.06	-12.54	11.37	-0
2012	9.82	-3.59	5.42	0.84	14.06
2013	10.78	2.59	3.41	9.81	29.09
2014	2.81	3.32	-0.85	5.83	11.46
2015	1.39	-1.84	-3.84	4.89	0.38
2016	5.2	3.05	2.66	1.48	12.95
2017	6.38	4.09	3.93	5.81	22.52
2018	-1.31	4.44	6.79	-7.19	0.64
2019	13.58	4.6	1.51	0.13	23.08
2020	-20.53	17.51	-0.08	11.54	4.07
2021	-2.96	15.19	-7.2	9.69	13.78
2022	-5.55	-11.76	-5.46	3.32	-18.6
2023	2.48	-1.26	8.47	6.47	16.55
2024	9.63	-2.87	0	0	9.82