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

9.20
Net Asset Value
+0.22%
1 Day
+2.79%
Year-to-Date
Overall Morningstar Rating
Option writing
Style or Category
5.75
Sales Expenses
1.28%
Expense Ratio
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+1.55% 3 years+4.92%
3 months+2.75% 5 years+5.89%
1 year+14.26% Since inception+6.74%
Data through --

Peer Comparisonvs. Option writing

 MENAXCategory
Performance 5-yr return+5.89%+5.85%
Expense ratio1.28%1.56%
Risk 5 year sharpe ratio0.950.88
Net assets$114.7M$319.3M
Average market cap$50.3B$104.3B
Average P/E15.321.0
Portfolio turnover135%135%

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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. stock72.56%
Cash24.29%
Fixed income1.96%
International stock1.19%
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
GM GM2.75%
V Visa2.59%
QCOM Qualcomm2.58%
MPC Marathon Petroleum2.58%
GILD Gilead Sciences2.45%
SPY SPDR® S&P 500 ETF2.33%
UTX United Technologies2.25%
SJM J M Smucker Co2.23%
BHI Baker Hughes Inc2.14%
PYPL PayPal Holdings Inc2.09%