• 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

Drew Justman, CFA

Portfolio Highlights

Top Ten Fund Holdings
(as of April 30, 2021)
T MOBILE US INC3.3%
CVS HEALTH CORP3.3%
PAYPAL HOLDINGS INC3.2%
VISA INC CLASS A SHARES3.1%
BARRICK GOLD CORP3.0%
MICROSOFT CORP2.7%
COMCAST CORP CLASS A2.7%
JM SMUCKER CO/THE2.5%
HONEYWELL INTERNATIONAL INC2.5%
CANADIAN NATURAL RESOURCES2.3%
% of Fund in Top Ten Securities28.7%

Complete Holdings List

Key Highlights

(as of Friday May 14, 2021)

NAV

7.95

Market Price 7.97
Inception Date

7/27/2004

NYSE Symbol MCN

NAV Symbol

XMCNX

Distribution Frequency

Quarterly

Expense Ratio

1.06


 


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