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

Net Asset Value
1 Day
Overall Morningstar Rating
Option writing
Style or Category
Sales Expenses
Expense Ratio
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.


1 month+0.77% 3 years+4.69%
3 months+0.66% 5 years+5.97%
1 year+6.09% Since inception+6.68%
Data through --

Peer Comparisonvs. Option writing

Performance 5-yr return+5.97%+5.08%
Expense ratio1.28%1.51%
Risk 5 year sharpe ratio1.120.85
Net assets$122.2M$309.3M
Average market cap$38.3B$114.7B
Average P/E20.121.7
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


U.S. stock81.66%
Fixed income2.28%
International stock1.59%
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
TMUS T-Mobile US Inc3.69%
LOW Lowe's3.15%
NRG NRG Energy Inc3.09%
GOOG Google3.07%
MSFT Microsoft2.99%
WY Weyerhaeuser Co2.96%
MPC Marathon Petroleum2.81%
GILD Gilead Sciences2.67%
BAC Bank of America2.58%
BIIB Biogen2.53%