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

9.08
Net Asset Value
+0.22%
1 Day
+1.45%
Year-to-Date
Overall Morningstar Rating
Option writing
Style or Category
5.75
Sales Expenses
1.28%
Expense Ratio
Above 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+0.97% 3 years+4.78%
3 months+3.09% 5 years+6.44%
1 year+15.87% Since inception+6.71%
Data through --

Peer Comparisonvs. Option writing

 MENAXCategory
Performance 5-yr return+6.44%+5.85%
Expense ratio1.28%1.54%
Risk 5 year sharpe ratio1.040.92
Net assets$110.0M$254.7M
Average market cap$48.3B$103.4B
Average P/E15.321.2
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. stock75.17%
Cash21.38%
International stock1.82%
Fixed income1.63%
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
GILD Gilead Sciences2.65%
MPC Marathon Petroleum2.54%
UTX United Technologies2.46%
GM GM2.38%
DOW Dow Chemical2.35%
APA Apache Corp2.32%
SJM J M Smucker Co2.30%
AMT American Tower2.28%
SPY SPDR® S&P 500 ETF2.21%
VTI Vanguard Total Stock Market Index Fund ETF Shares2.21%