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

9.29
Net Asset Value
+0.43%
1 Day
+2.09%
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-1.07% 3 years+4.43%
3 months+0.87% 5 years+5.70%
1 year+8.77% Since inception+7.13%
Data through --

Peer Comparisonvs. Option writing

 MENYXCategory
Performance 5-yr return+5.70%+5.85%
Expense ratio1.03%1.56%
Risk 5 year sharpe ratio0.940.90
Net assets$115.2M$313.5M
Average market cap$50.2B$107.6B
Average P/E17.220.9
Portfolio turnover135%135%

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Fund Management and Purchase Info

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

Holdings

U.S. stock73.18%
Cash22.30%
International stock2.80%
Fixed income1.71%
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
GM GM3.28%
AMT American Tower2.95%
V Visa2.93%
QCOM Qualcomm2.89%
PYPL PayPal Holdings Inc2.74%
GILD Gilead Sciences2.53%
SJM J M Smucker Co2.47%
UTX United Technologies2.45%
VTI Vanguard Total Stock Market Index Fund ETF Shares2.26%
BHI Baker Hughes Inc2.17%