Avantis Emerging Markets Equity ETF

NPORT-P false 0001040612 XXXXXXXX S000020660 C000057671 MADISON FUNDS 811-08261 0001040612 25490037IZEAAJ1OT743 550 SCIENCE DRIVE MADISON 53711 608-274-0300 Madison Conservative Allocation Fund S000020660 254900ZDV7E3KCO85P61 2026-10-31 2026-07-31 N 32845731.06 45864.42 32799866.64 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 UST Avantis Emerging Markets Equity ETF 549300FLNHJ0Y6F35177 Avantis Emerging Markets Equity ETF 025072604 7509.00000000 NS USD 672130.59000000 2.049186959743 Long EC RF US N 1 N N N Distillate US Fundamental Stability & Value ETF 5493002W0E8K4UD8QD78 Distillate U.S. Fundamental Stability & Value ETF 26922A321 11542.00000000 NS USD 752538.40000000 2.294333718669 Long EC RF US N 1 N N N Franklin FTSE Japan ETF 549300V7MZYC1Z30JS82 Franklin FTSE Japan ETF 35473P744 9726.00000000 NS USD 383009.88000000 1.167717796550 Long EC RF US N 1 N N Invesco Exchange-Traded Fund Trust - Invesco S&P 500 Quality Etf 549300CMNB8U49G4GY75 Invesco Exchange-Traded Fund Trust - Invesco S&P 500 Quality ETF 46137V241 13368.00000000 NS USD 1131868.56000000 3.450832811069 Long EC RF US N 1 N N N iShares Core S&P U.S. Growth ETF 549300JOHA1VZHAEBP32 iShares Core S&P U.S. Growth ETF 464287671 5903.00000000 NS USD 1091051.49000000 3.326390018517 Long EC RF US N 1 N N N iShares Core S&P Small-Cap ETF 549300BZQ17QYN750B25 iShares Core S&P Small-Cap ETF 464287804 4312.00000000 NS USD 627223.52000000 1.912274604296 Long EC RF US N 1 N N N iShares 5-10 Year Investment Grade Corporate Bond ETF 549300ZJOCMXQZ0RKQ84 iShares 5-10 Year Investment Grade Corporate Bond ETF 464288638 20289.00000000 NS USD 1060911.81000000 3.234500376614 Long EC RF US N 1 N N N Janus Henderson Mortgage-Backed Securities ETF 549300V6TVE4ZJCDWY16 Janus Henderson Mortgage-Backed Securities ETF 47103U852 27213.00000000 NS USD 1200637.56000000 3.660495248891 Long EC RF US N 1 N N N Madison Core Bond Fund 254900KXQJDPZNNEA190 Madison Core Bond Fund 557492196 1901553.48000000 NS USD 16790717.24000000 51.19141923438 Long EC RF US N 1 N N N Madison Large Cap Fund 5493000V85LMHCOTG216 Madison Large Cap Fund 557492386 34218.12000000 NS USD 1039204.33000000 3.168318766066 Long EC RF US N 1 N N N State Street SPDR S&P Bank ETF 549300WRV3OCU6OV1X49 State Street SPDR S&P Bank ETF 78464A797 5579.00000000 NS USD 388577.35000000 1.184691859466 Long EC RF US N 1 N N State Street Health Care Select Sector SPDR ETF 549300EJNY3KKJHPOY44 State Street Health Care Select Sector SPDR ETF 81369Y209 1960.00000000 NS USD 318598.00000000 0.971339315177 Long EC RF US N 1 N N N State Street Energy Select Sector SPDR ETF 54930064FLK0RD4TRU75 Energy Select Sector SPDR Fund ETF 81369Y506 3138.00000000 NS USD 186867.90000000 0.569721523721 Long EC RF US N 1 N N N VanEck J. P. Morgan EM Local Currency Bond ETF 549300CNWPR88MZBEA63 VanEck J. P. Morgan EM Local Currency Bond ETF 92189H300 54266.00000000 NS USD 1382155.02000000 4.213904389216 Long EC RF US N 1 N N Vanguard FTSE All-World ex-US ETF DHT9U5XH2TTB8CZQX861 Vanguard FTSE All-World ex-U.S. ETF 922042775 17280.00000000 NS USD 1431648.00000000 4.364798234435 Long EC RF US N 1 N N N Vanguard FTSE Europe ETF 5493000IQHGUVNGQR883 Vanguard FTSE Europe ETF 922042874 7579.00000000 NS USD 686581.61000000 2.093245126682 Long EC RF US N 1 N N N Vanguard Information Technology ETF J2NTZGJBERBYMUMBIE74 Vanguard Information Technology ETF 92204A702 6495.00000000 NS USD 734909.25000000 2.240586091602 Long EC RF US N 1 N N N VictoryShares Free Cash Flow ETF 5493000FVGQ9SU6HI752 VictoryShares Free Cash Flow ETF 92647X830 43838.00000000 NS USD 2180502.12000000 6.647899346459 Long EC RF US N 1 N N N State Street Global Advisors 549300BZ5TGIFZUZDZ37 State Street Institutional US Government Money Market Fund 857492706 695180.22000000 NS USD 695180.22000000 2.119460507660 Long STIV RF US N 1 N N N State Street Global Advisors 5493008BJIBKQ5KTIF74 State Street Navigator Securities Lending Government Money Market Portfolio 857509301 25495.75000000 NS USD 25495.75000000 0.077731261165 Long STIV RF US N 1 N N 2026-08-18 MADISON FUNDS Greg Hoppe Greg Hoppe Chief Financial Officer XXXX