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Madison Covered Call & Equity Income Fund Class R6 (MENRX)

9.47
Net Asset Value
-0.32%
1 Day
-3.17%
Year-to-Date
Overall Morningstar Rating
Long/short equity
Style or Category
No Load
Sales Expenses
0.90%
Expense Ratio
Below 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-1.25% 3 years+8.30%
3 months-2.05% 5 years--
1 year+2.45% Since inception+9.33%
Data through --

Peer Comparisonvs. Long/short equity

 MENRXCategory
Performance 5-yr return--+7.24%
Expense ratio0.90%1.89%
Risk 5 year sharpe ratio1.020.85
Net assets$72.4M$385.1M
Average market cap$45.2B$45.0B
Average P/E20.918.5
Portfolio turnover139%139%

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Fund Management and Purchase Info

Fund familyMadison Funds
Fund manager & tenureFrank Burgess / 5 Years
Minimal initial investment$500,000.00
Minimum IRA investment--

Holdings

U.S. stock73.85%
Cash19.55%
Fixed income4.27%
International stock2.33%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
GLD SPDR® Gold Shares3.09%
GOOG Google3.00%
EBAY eBay2.85%
SPY SPDR® S&P 500 ETF2.81%
QQQ PowerShares QQQ2.69%
TROW T. Rowe Price Group Inc2.29%
VZ Verizon2.28%
STT State Street2.28%
GIS General Mills2.23%
DEO Diageo2.22%