• 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 August 31, 2022)
FISERV INC4.2%
HONEYWELL INTERNATIONAL INC3.1%
LAS VEGAS SANDS CORP3.1%
APA CORP3.0%
BAKER HUGHES CO2.9%
GILEAD SCIENCES INC2.8%
PAYPAL HOLDINGS INC2.8%
VISA INC CLASS A SHARES2.7%
COMCAST CORP CLASS A2.7%
BLACKROCK INC2.5%
% of Fund in Top Ten Securities29.7%

Complete Holdings List

Key Highlights

(as of Wednesday September 28, 2022)

NAV

6.52

Market Price 6.68
Inception Date

7/27/2004

NYSE Symbol MCN

NAV Symbol

XMCNX

Distribution Frequency

Quarterly

Expense Ratio

1.08


 


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