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Madison Covered Call & Equity Income Fund Class A (MENAX)

9.34
Net Asset Value
+0.11%
1 Day
-3.11%
Year-to-Date
Overall Morningstar Rating
Long/short equity
Style or Category
5.75
Sales Expenses
1.28%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks to provide consistent total return and, secondarily, to provide a high level of income and gains from option premiums. The fund invests, under normal conditions, primarily in common stocks of large- and mid-capitalization issuers that are, in the view of the fund's investment adviser, selling at a reasonable price in relation to their long-term earnings growth rates. It will invest at least 80% of its net assets in common stocks, with at least 65% of this amount invested in common stocks of large capitalization issuers that meet the fund's selection criteria.

Performance

1 month-0.85% 3 years+8.15%
3 months-1.46% 5 years+8.57%
1 year+1.68% Since inception+7.69%
Data through --

Peer Comparisonvs. Long/short equity

 MENAXCategory
Performance 5-yr return+8.57%+7.24%
Expense ratio1.28%1.89%
Risk 5 year sharpe ratio1.000.85
Net assets$72.4M$385.1M
Average market cap$45.2B$45.0B
Average P/E20.918.5
Portfolio turnover139%139%

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Fund Management and Purchase Info

Fund familyMadison Funds
Fund manager & tenureFrank Burgess / 5 Years
Minimal initial investment$1,000.00
Minimum IRA investment$500.00

Holdings

U.S. stock73.85%
Cash19.55%
Fixed income4.27%
International stock2.33%
Other0.00%
Top 5 Sectors
Portfolio weighting
Healthcare 17.86%
Energy 14.23%
Financial service 12.04%
Consumer goods 11.19%
Industrial materials 10.14%
Top 10 Holdings
Portfolio weighting
GLD SPDR® Gold Shares3.09%
GOOG Google3.00%
EBAY eBay2.85%
SPY SPDR® S&P 500 ETF2.81%
QQQ PowerShares QQQ2.69%
TROW T. Rowe Price Group Inc2.29%
VZ Verizon2.28%
STT State Street2.28%
GIS General Mills2.23%
DEO Diageo2.22%