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

9.22
Net Asset Value
+0.44%
1 Day
+3.95%
Year-to-Date
Overall Morningstar Rating
Option writing
Style or Category
5.75
Sales Expenses
1.28%
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 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+3.73% 3 years+4.63%
3 months+0.88% 5 years+6.69%
1 year+6.38% Since inception+6.76%
Data through --

Peer Comparisonvs. Option writing

 MENAXCategory
Performance 5-yr return+6.69%+6.49%
Expense ratio1.28%1.56%
Risk 5 year sharpe ratio1.020.88
Net assets$109.4M$259.4M
Average market cap$46.9B$98.9B
Average P/E17.720.6
Portfolio turnover107%107%

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Fund Management and Purchase Info

Fund familyMadison Funds
Fund manager & tenureRay DiBernardo / 7 Years
Minimal initial investment$1,000.00
Minimum IRA investment$500.00

Holdings

U.S. stock77.04%
Cash14.41%
Fixed income6.49%
International stock2.06%
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
-- 4.65%
GILD Gilead Sciences2.83%
SPY SPDR® S&P 500 ETF2.58%
TMUS T-Mobile US Inc2.33%
PNC PNC Financial Services Group2.29%
APA Apache Corp2.26%
QCOM Qualcomm2.22%
CERN Cerner Corp2.20%
BHI Baker Hughes Inc2.14%
ESRX Express Scripts Holding Co2.12%