The Madison Fund, Inc. is a closed-end equity fund with a history spanning over 90 years, originally founded as the Pennroad Corporation in 1929. The Fund's primary investment objective is to achieve superior long-term returns for its shareholders through capital appreciation and current income. It accomplishes this by investing in a diversified portfolio of U.S. and foreign equity securities, focusing on companies that are believed to be undervalued at the time of purchase.

Founded in

United States