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 Friday September 22, 2023)

NAV

Market Price

Inception Date

NYSE Symbol

NAV Symbol

Distribution Frequency

Expense Ratio

6.99

7.02

07/27/04

MCN

XMCNX

Quarterly

1.08

Portfolio Highlights

Top Ten Fund Holdings (As of 07/31/23)

TRANSOCEAN LTD

4.92%

BLACKROCK INC

2.55%

LAS VEGAS SANDS CORP

4.35%

BARRICK GOLD CORP

2.54%

T MOBILE US INC

3.01%

AMERICAN TOWER CORP

2.44%

MEDTRONIC PLC

2.78%

NEXTERA ENERGY INC

2.44%

DANAHER CORP

2.71%

AES CORP

2.42%

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.