• Madison Covered Call and Equity Strategy Fund (MCN)

Fund Objective

MCN has a primary objective of obtaining a high level of current income and gains, with a secondary objective of achieving long-term capital appreciation.

Investment Strategies

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 option premiums which are generated by writing covered calls on a majority of stocks in the portfolio.

Quarterly Fund Fact Sheet

Portfolio Management


Ray Di Bernardo, CFA

Walter Dewey, CFA

Drew Justman, CFA

Portfolio Highlights

Top Ten Fund Holdings
(as of May 31, 2017)
FEDEX CORP3.8%
QUALCOMM INC2.9%
MARATHON PETROLEUM CORP2.9%
DOW CHEMICAL CO/THE2.7%
LOWE S COS INC2.7%
DU PONT
(E.I.) DE NEMOURS
2.6%
CERNER CORP2.6%
T ROWE PRICE GROUP INC2.4%
GILEAD SCIENCES INC2.4%
BAKER HUGHES INC2.4%
% of Fund in Top Ten Securities27.3%

Key Highlights

(as of Tuesday June 27, 2017)
NAV 8.23
Market Price 7.81
Inception Date 7/27/2004
NYSE Symbol MCN
NAV Symbol XMCNX
Distribution Frequency Quarterly
Expense Ratio 1.06


 

Sector Concentration

Allocation as a % of Total Net Assets
(as of March 31, 2017)
Information Technology19.4%
Short-Term Investments, Options, and Other Net Assets & Liabilities16.5%
Health Care13.5%
Consumer Discretionary8.6%
ETFs7.2%
Financials6.6%
Industrials5.6%
Real Estate5.3%
Energy5.0%
Consumer Staples5.0%
Materials3.2%
Utilities2.6%
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.

Contact Us

Investment Management:
800.767.0300