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

9.71
Net Asset Value
+0.10%
1 Day
+0.73%
Year-to-Date
Overall Morningstar Rating
Long/short equity
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+2.31% 3 years+8.23%
3 months+2.84% 5 years+7.57%
1 year+6.43% Since inception+7.87%
Data through --

Peer Comparisonvs. Long/short equity

 MENAXCategory
Performance 5-yr return+7.57%+6.50%
Expense ratio1.28%1.90%
Risk 5 year sharpe ratio0.740.70
Net assets$60.6M$394.4M
Average market cap$49.8B$39.1B
Average P/E20.317.7
Portfolio turnover139%139%

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Fund Management and Purchase Info

Fund familyMadison Funds
Fund manager & tenureFrank Burgess / 5 Years
Minimal initial investment$1,000.00
Minimum IRA investment$500.00

Holdings

U.S. stock90.18%
International stock5.63%
Fixed income4.18%
Cash0.01%
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
AMZN Amazon4.38%
GOOG Google3.87%
SPY SPDR® S&P 500 ETF3.73%
GLD SPDR® Gold Shares3.64%
QQQ PowerShares QQQ3.63%
MSFT Microsoft3.58%
SBUX Starbucks3.57%
EBAY eBay3.49%
TROW T. Rowe Price Group Inc3.23%
DHR Danaher Corp3.05%

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