Morningstar

Madison Covered Call & Equity Income Fund Class A MENAX

Morningstar Medalist Rating
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Medalist Rating as of See Madison Investment Investment Hub
  • NAV / 1-Day Return —  /  —
  • Fund Size $127.5M
  • Adjusted Expense Ratio 1.280%
  • Net Expense Ratio 1.260%
  • Fee Level: Distribution Below Average
  • Share Class Type Front Load
  • Morningstar Category Derivative Income
  • Equity Style Box (Funds) Mid Value
  • Minimum Initial Investment $1,000
  • Investment Status —
  • TTM Yield 9.14%
  • Turnover Ratio 78%

Morningstar’s Analysis MENAX

Will MENAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MENAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MENAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MENAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Madison Covered Call & Equity Income A holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

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Portfolio Holdings MENAX

More MENAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 41.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Ssc Government Gvmxx El

8.53 11M
Cash and Equivalents

Transocean Ltd

7.05 9M
Energy

Matador Resources Co

5.59 7M
Energy

PepsiCo Inc

5.21 7M
Consumer Defensive

CME Group Inc Class A

3.92 5M
Financial Services

Marsh

3.55 4M
Financial Services

Newmont Corp

3.47 4M
Basic Materials

Las Vegas Sands Corp

3.41 4M
Consumer Cyclical

Medtronic PLC

3.31 4M
Healthcare

PayPal Holdings Inc

3.18 4M
Financial Services

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