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)

Net Asset Value
1 Day
Overall Morningstar Rating
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+1.00% 3 years+4.26%
3 months+3.16% 5 years+6.53%
1 year+4.83% Since inception+6.67%
Data through --

Peer Comparisonvs. Options-based

Performance 5-yr return+6.53%+5.08%
Expense ratio1.28%1.50%
Risk 5 year sharpe ratio1.130.93
Net assets$129.7M$323.8M
Average market cap$30.3B$118.4B
Average P/E19.921.2
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 / 8 Years
Minimal initial investment$1,000.00
Minimum IRA investment$500.00


U.S. stock72.45%
International stock1.53%
Fixed income1.13%
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 Inc4.72%
WY Weyerhaeuser Co3.85%
LOW Lowe's3.18%
QCOM Qualcomm3.02%
TXT Textron Inc2.80%
DAL Delta Air Lines2.64%
COST Costco2.60%
BAX Baxter International Inc2.55%
APA Apache Corp2.51%
GILD Gilead Sciences2.38%