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

Net Asset Value
1 Day
Overall Morningstar Rating
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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+1.46% 3 years+4.80%
3 months+2.99% 5 years+6.28%
1 year+7.74% Since inception+6.60%
Data through --

Peer Comparisonvs. Options-based

Performance 5-yr return+6.28%+4.19%
Expense ratio1.30%1.48%
Risk 5 year sharpe ratio0.930.74
Net assets$120.7M$294.9M
Average market cap$35.4B$129.5B
Average P/E18.720.1
Portfolio turnover166%166%

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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. stock79.58%
International stock3.61%
Fixed income3.41%
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 Inc4.61%
GOOG Google3.42%
-- 3.41%
DWDP DowDuPont Inc3.27%
GM GM2.99%
QCOM Qualcomm2.84%
XLNX Xilinx Inc2.78%
BHGE Baker Hughes A GE Co2.76%
FDX FedEx2.58%
APA Apache Corp2.58%