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

9.23
Net Asset Value
+0.22%
1 Day
+0.76%
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+0.86% 3 years+4.88%
3 months+1.30% 5 years+6.64%
1 year+6.46% Since inception+7.21%
Data through --

Peer Comparisonvs. Option writing

 MENRXCategory
Performance 5-yr return+6.64%+5.08%
Expense ratio0.90%1.51%
Risk 5 year sharpe ratio1.180.85
Net assets$122.2M$309.3M
Average market cap$38.3B$114.7B
Average P/E20.121.7
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. stock81.66%
Cash14.46%
Fixed income2.28%
International stock1.59%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
TMUS T-Mobile US Inc3.69%
LOW Lowe's3.15%
NRG NRG Energy Inc3.09%
GOOG Google3.07%
MSFT Microsoft2.99%
WY Weyerhaeuser Co2.96%
MPC Marathon Petroleum2.81%
GILD Gilead Sciences2.67%
BAC Bank of America2.58%
BIIB Biogen2.53%