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

9.39
Net Asset Value
-0.21%
1 Day
+2.62%
Year-to-Date
Overall Morningstar Rating
Options-based
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+3.20% 3 years+6.34%
3 months+5.45% 5 years+7.06%
1 year+8.78% Since inception+7.34%
Data through --

Peer Comparisonvs. Options-based

 MENRXCategory
Performance 5-yr return+7.06%+5.41%
Expense ratio0.90%1.45%
Risk 5 year sharpe ratio1.220.95
Net assets$130.0M$294.5M
Average market cap$28.9B$125.8B
Average P/E17.421.6
Portfolio turnover166%166%

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Fund Management and Purchase Info

Fund familyMadison Funds
Fund manager & tenureRay DiBernardo / 8 Years
Minimal initial investment$500,000.00
Minimum IRA investment--

Holdings

U.S. stock79.06%
Cash15.34%
International stock4.01%
Fixed income1.60%
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 Inc4.88%
WY Weyerhaeuser Co3.82%
BAX Baxter International Inc3.27%
DGL PowerShares DB Gold Fund3.18%
FCX Freeport-McMoRan Inc3.14%
QCOM Qualcomm2.90%
TXT Textron Inc2.83%
COST Costco2.61%
STLD Steel Dynamics Inc2.54%
ESRX Express Scripts Holding Co2.54%