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Madison Covered Call & Equity Income Fund Class Y (MENYX)

9.16
Net Asset Value
+0.33%
1 Day
+0.66%
Year-to-Date
Overall Morningstar Rating
Option writing
Style or Category
No Load
Sales Expenses
1.03%
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-0.65% 3 years+3.79%
3 months-0.54% 5 years+7.17%
1 year+5.81% Since inception+6.98%
Data through --

Peer Comparisonvs. Option writing

 MENYXCategory
Performance 5-yr return+7.17%+5.34%
Expense ratio1.03%1.55%
Risk 5 year sharpe ratio0.950.88
Net assets$119.9M$299.9M
Average market cap$38.9B$114.2B
Average P/E16.521.8
Portfolio turnover135%135%

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Fund Management and Purchase Info

Fund familyMadison Funds
Fund manager & tenureRay DiBernardo / 7 Years
Minimal initial investment$0.00
Minimum IRA investment--

Holdings

U.S. stock73.24%
Cash23.43%
International stock2.41%
Fixed income0.92%
Other0.00%
Top 5 Sectors
Portfolio weighting
Healthcare 17.86%
Energy 14.23%
Financial service 12.04%
Consumer goods 11.19%
Industrial materials 10.14%
Top 10 Holdings
Portfolio weighting
FDX FedEx3.17%
GM GM2.83%
BAX Baxter International Inc2.78%
MPC Marathon Petroleum2.54%
DD E I du Pont de Nemours and Co2.54%
BHI Baker Hughes Inc2.52%
QCOM Qualcomm2.52%
GILD Gilead Sciences2.25%
RRC Range Resources Corp2.24%
TMUS T-Mobile US Inc2.24%