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

9.25
Net Asset Value
+0.76%
1 Day
+0.98%
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+4.51%
3 months+1.07% 5 years--
1 year+6.57% Since inception+7.49%
Data through --

Peer Comparisonvs. Option writing

 MENRXCategory
Performance 5-yr return--+5.34%
Expense ratio0.90%1.56%
Risk 5 year sharpe ratio0.960.87
Net assets$117.6M$305.0M
Average market cap$40.4B$112.4B
Average P/E17.121.9
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. stock79.77%
Cash16.29%
International stock3.11%
Fixed income0.83%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
FDX FedEx3.36%
GM GM2.97%
TMUS T-Mobile US Inc2.96%
AMT American Tower2.94%
QCOM Qualcomm2.76%
BAX Baxter International Inc2.66%
DD E I du Pont de Nemours and Co2.63%
BHI Baker Hughes Inc2.61%
MPC Marathon Petroleum2.59%
RRC Range Resources Corp2.53%