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

8.44
Net Asset Value
+1.56%
1 Day
-4.85%
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-1.17% 3 years+3.14%
3 months-5.09% 5 years+4.58%
1 year-7.00% Since inception+6.00%
Data through --

Peer Comparisonvs. Long/short equity

 MENAXCategory
Performance 5-yr return+4.58%+4.45%
Expense ratio1.28%1.84%
Risk 5 year sharpe ratio0.600.44
Net assets$81.5M$297.1M
Average market cap$38.1B$45.8B
Average P/E18.518.3
Portfolio turnover107%107%

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Fund Management and Purchase Info

Fund familyMadison Funds
Fund manager & tenureRay DiBernardo / 6 Years
Minimal initial investment$1,000.00
Minimum IRA investment$500.00

Holdings

U.S. stock77.33%
Cash17.41%
Fixed income3.73%
International stock1.53%
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 Shares3.68%
UTX United Technologies3.04%
AAPL Apple3.03%
BIIB Biogen2.61%
VZ Verizon2.59%
PNC PNC Financial Services Group2.42%
JEC Jacobs Engineering Group Inc2.33%
TROW T. Rowe Price Group Inc2.32%
VTI Vanguard Total Stock Market Index Fund ETF Shares2.32%
OXY Occidental Petroleum2.27%

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