Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

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

9.04
Net Asset Value
+0.11%
1 Day
+1.01%
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+0.44% 3 years+3.33%
3 months+1.10% 5 years+7.11%
1 year+5.73% Since inception+6.51%
Data through --

Peer Comparisonvs. Option writing

 MENAXCategory
Performance 5-yr return+7.11%+5.34%
Expense ratio1.28%1.55%
Risk 5 year sharpe ratio1.271.05
Net assets$111.6M$302.3M
Average market cap$40.5B$106.8B
Average P/E16.919.8
Portfolio turnover135%135%

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

Holdings

U.S. stock84.84%
Cash12.02%
International stock2.11%
Fixed income1.03%
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
FDX FedEx4.14%
DOW Dow Chemical3.06%
QCOM Qualcomm3.02%
LOW Lowe's2.99%
DD E I du Pont de Nemours and Co2.83%
WY Weyerhaeuser Co2.68%
BHI Baker Hughes Inc2.64%
MPC Marathon Petroleum2.58%
BAC Bank of America2.56%
JPM JPMorgan Chase2.56%