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

10.20
Net Asset Value
-0.10%
1 Day
+2.72%
Year-to-Date
Overall Morningstar Rating
Long/short equity
Style or Category
5.75
Sales Expenses
1.26%
Expense Ratio
Above 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 total assets in common stocks, with at least 65% of this amount invested in common stocks of large capitalization issuers that met the fund's selection criteria.

Performance

1 month+1.79% 3 years+11.77%
3 months+2.81% 5 years--
1 year+15.09% Since inception+8.56%
Data through --

Peer Comparisonvs. Long/short equity

 MENAXCategory
Performance 5-yr return--+9.35%
Expense ratio1.26%1.90%
Risk 5 year sharpe ratio--0.83
Net assets$41.4M$505.4M
Average market cap$38.3B$34.8B
Average P/E19.817.4
Portfolio turnover100%100%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyMadison Funds
Fund manager & tenureFrank Burgess / 4 Years
Minimal initial investment$1,000.00
Minimum IRA investment$500.00

Holdings

U.S. stock98.98%
International stock3.40%
Cash0.01%
Fixed income0.00%
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
EBAY eBay Inc4.00%
SPY SPDR S&P 5003.75%
COST Costco Wholesale Corp3.74%
QQQ PowerShares QQQ ETF3.74%
EMC EMC Corp3.64%
AMZN Amazon.com Inc3.60%
JEC Jacobs Engineering Group Inc3.31%
OXY Occidental Petroleum Corp3.11%
DISCK Discovery Communications Inc2.93%
TJX TJX Companies2.91%

To view my watchlist

Not a member yet?

Sign up now for a free account
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.