Investment Strategy

We believe these goals can be met by investing in large and mid-capitalizations stocks that are, in our opinion, selling at a reasonable price with respect to their long-term earnings growth rates. The income comes in the form of option premiums which are generated by writing covered calls on a majority of the stocks in the portfolio.

Key Highlights (As of Wednesday December 06, 2023)

NAV

Market Price

Inception Date

NYSE Symbol

NAV Symbol

Distribution Frequency

Expense Ratio

7.01

7.42

07/27/04

MCN

XMCNX

Quarterly

1.08

Portfolio Highlights

Top Ten Fund Holdings (As of 10/31/23)

TRANSOCEAN LTD

5.18%

DANAHER CORP

2.66%

LAS VEGAS SANDS CORP

3.81%

BLACKROCK INC

2.47%

APA CORP

2.83%

ELEVANCE HEALTH INC

2.40%

MEDTRONIC PLC

2.80%

BARRICK GOLD CORP

2.39%

AMERICAN TOWER CORP

2.70%

AES CORP

2.39%

Closed-end funds are listed on the New York Stock Exchange and nothing on this website is intended to be a solicitation to buy or an offer to sell such securities.