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

9.27
Net Asset Value
+0.11%
1 Day
+1.20%
Year-to-Date
Overall Morningstar Rating
Option writing
Style or Category
No Load
Sales Expenses
0.90%
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+0.54% 3 years+3.66%
3 months+0.96% 5 years--
1 year+6.81% Since inception+6.96%
Data through --

Peer Comparisonvs. Option writing

 MENRXCategory
Performance 5-yr return--+5.34%
Expense ratio0.90%1.55%
Risk 5 year sharpe ratio1.331.05
Net assets$111.6M$302.3M
Average market cap$40.5B$106.8B
Average P/E16.919.8
Portfolio turnover135%135%

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Fund Management and Purchase Info

Fund familyMadison Funds
Fund manager & tenureRay DiBernardo / 7 Years
Minimal initial investment$500,000.00
Minimum IRA investment--

Holdings

U.S. stock84.84%
Cash12.02%
International stock2.11%
Fixed income1.03%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
FDX FedEx4.14%
DOW Dow Chemical3.06%
QCOM Qualcomm3.02%
LOW Lowe's2.99%
DD E I du Pont de Nemours and Co2.83%
WY Weyerhaeuser Co2.68%
BHI Baker Hughes Inc2.64%
MPC Marathon Petroleum2.58%
BAC Bank of America2.56%
JPM JPMorgan Chase2.56%