N-PX: Cover Page

Name and address of reporting person:

Name of reporting person (For registered management investment companies, provide exact name of registrant as specified in charter)

Madison Funds

Street 1

550 Science Drive

Street 2

City

Madison

State/Country

WISCONSIN

Zip code and zip code extension or foreign postal code

53711

Telephone number of reporting person, including area code:

800-767-0300

Name and address of agent for service:

Name of agent for service

Steven J. Fredricks

Street 1

550 Science Drive

Street 2

City

Madison

State/Country

WISCONSIN

Zip code and zip code extension or foreign postal code

53711

Reporting Period:

Report for the year ended June 30, 2025

SEC Investment Company Act or Form 13F File Number:

811-08261

CRD Number (if any):

Other SEC File Number (if any):

Legal Entity Identifier (if any):

Report Type (check only one):

Registered Management Investment Company.

Fund Voting Report (Check here if the registered management investment company held one or more securities it was entitled to vote.)

Fund Notice Report (Check here if the registered management investment company did not hold any securities it was entitled to vote.)

Institutional Manager.

Institutional Manager Voting Report (Check here if all proxy votes of this reporting manager are reported in this report.)

Institutional Manager Notice Report (Check here if no proxy votes are reported in this report and complete the notice report filing explanation section below)

Institutional Manager Combination Report (Check here if a portion of the proxy votes for this reporting manager are reported in this report and a portion are reported by other reporting person(s).)

Do you wish to provide explanatory information pursuant to Special Instruction B.4?:

Yes

No

Additional information:

N-PX: Summary - Included Managers

Number of Included Institutional Managers:

0

Included Institutional Managers:

NONE

N-PX: Summary - Included Series

Number of Series:

12

Information about the Series:1

Series Identification Number:

S000020646

Series Name:

Madison Core Bond Fund

LEI:

254900KXQJDPZNNEA190

Information about the Series:2

Series Identification Number:

S000020651

Series Name:

Madison Mid Cap Fund

LEI:

254900GFBYFLI6QYMW95

Information about the Series:3

Series Identification Number:

S000020653

Series Name:

Madison Diversified Income Fund

LEI:

2549004YBX4K09HCUE64

Information about the Series:4

Series Identification Number:

S000020659

Series Name:

Madison Small Cap Fund

LEI:

254900U33OEQ9KZ4RR52

Information about the Series:5

Series Identification Number:

S000020660

Series Name:

Madison Conservative Allocation Fund

LEI:

254900ZDV7E3KCO85P61

Information about the Series:6

Series Identification Number:

S000020661

Series Name:

Madison Moderate Allocation Fund

LEI:

254900LKLNXJ22VCUZ89

Information about the Series:7

Series Identification Number:

S000020662

Series Name:

Madison Aggressive Allocation Fund

LEI:

254900QK8DPJA3JLJE64

Information about the Series:8

Series Identification Number:

S000026831

Series Name:

Madison Covered Call & Equity Income Fund

LEI:

254900477U55H8MDFD06

Information about the Series:9

Series Identification Number:

S000040129

Series Name:

Madison High Quality Bond Fund

LEI:

2549008MT8CNV6MN7O44

Information about the Series:10

Series Identification Number:

S000040131

Series Name:

Madison Large Cap Fund

LEI:

5493000V85LMHCOTG216

Information about the Series:11

Series Identification Number:

S000040132

Series Name:

Madison Dividend Income Fund

LEI:

2549003L8OSO2VIZPK74

Information about the Series:12

Series Identification Number:

S000040135

Series Name:

Madison Tax-Free National Fund

LEI:

254900DRN3ZJ1ZWWSW82

N-PX: Signature Block

Reporting Person:

Madison Funds

By (Signature):

Steven J. Fredricks

By (Printed Signature):

Steven J. Fredricks

By (Title):

Chief Compliance Officer

Date:

08/21/2025

N-PX: Filer Information

Submission Contact Information

Notification Information

N-PX: Series/Class (Contract) Information

N-PX: Cover Page

Name and address of reporting person:

Name and address of agent for service:

Report Type (check only one):

N-PX: Summary - Included Managers

N-PX: Summary - Included Series

Information about the Series:1

Information about the Series:2

Information about the Series:3

Information about the Series:4

Information about the Series:5

Information about the Series:6

Information about the Series:7

Information about the Series:8

Information about the Series:9

Information about the Series:10

Information about the Series:11

Information about the Series:12

N-PX: Signature Block