Madison Covered Call & Equity Income Fund (MENYX)

8.96
Net Asset Value
-0.78%
1 Day
-1.32%
Year-to-Date
Overall Morningstar Rating
Options-based
Style or Category
5.75
Sales Expenses
1.30%
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+3.40% 3 years+3.64%
3 months-3.13% 5 years+5.98%
1 year+4.98% Since inception+6.36%
Data through --

Peer Comparisonvs. Options-based

 MENYXCategory
Performance 5-yr return+5.98%+4.19%
Expense ratio1.30%1.47%
Risk 5 year sharpe ratio0.930.70
Net assets$119.5M$297.1M
Average market cap$32.4B$124.6B
Average P/E18.121.3
Portfolio turnover166%166%

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Fund Management and Purchase Info

Fund familyMadison Funds
Fund manager & tenureRay DiBernardo / 8 Years
Minimal initial investment$1,000.00
Minimum IRA investment$500.00

Holdings

U.S. stock89.47%
Cash4.71%
Fixed income3.27%
International stock2.55%
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
TMUS T-Mobile US Inc5.03%
BAX Baxter International Inc3.54%
DGL PowerShares DB Gold Fund3.47%
NEM Newmont Mining Corp3.41%
MSFT Microsoft3.25%
GOOG Google3.24%
DWDP DowDuPont Inc3.23%
WY Weyerhaeuser Co3.02%
CIEN Ciena Corp2.94%
FCX Freeport-McMoRan Inc2.90%