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

9.34
Net Asset Value
+0.11%
1 Day
+3.32%
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+2.86% 3 years+4.84%
3 months+0.32% 5 years--
1 year+6.43% Since inception+6.99%
Data through --

Peer Comparisonvs. Option writing

 MENRXCategory
Performance 5-yr return--+6.49%
Expense ratio0.90%1.54%
Risk 5 year sharpe ratio1.040.84
Net assets$104.8M$275.9M
Average market cap$46.9B$98.9B
Average P/E17.720.6
Portfolio turnover107%107%

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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. stock77.04%
Cash14.41%
Fixed income6.49%
International stock2.06%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 4.65%
GILD Gilead Sciences2.83%
SPY SPDR® S&P 500 ETF2.58%
TMUS T-Mobile US Inc2.33%
PNC PNC Financial Services Group2.29%
APA Apache Corp2.26%
QCOM Qualcomm2.22%
CERN Cerner Corp2.20%
BHI Baker Hughes Inc2.14%
ESRX Express Scripts Holding Co2.12%