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Name

As of 04/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Madison Covered Call & Equity Strategy Fund

XMCNX | Fund

$6.89

$156 M

0.00%

1.08%

Vitals

YTD Return

-2.4%

1 yr return

-6.5%

3 Yr Avg Return

-3.6%

5 Yr Avg Return

-1.1%

Net Assets

$156 M

Holdings in Top 10

33.7%

52 WEEK LOW AND HIGH

$6.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.08%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 178.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 04/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Madison Covered Call & Equity Strategy Fund

XMCNX | Fund

$6.89

$156 M

0.00%

1.08%

XMCNX - Profile

Distributions

  • YTD Total Return -2.4%
  • 3 Yr Annualized Total Return -3.6%
  • 5 Yr Annualized Total Return -1.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.16%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Madison Covered Call & Equity Strategy Fund
  • Fund Family Name
    Madison Asset Management, LLC
  • Inception Date
    Aug 10, 2004
  • Shares Outstanding
    20981550
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ray DiBernardo

Fund Description

XMCNX - Performance

Return Ranking - Trailing

Period XMCNX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.4% -2.8% 240.8% 11.07%
1 Yr -6.5% -4.3% 140.6% 14.78%
3 Yr -3.6%* -8.3% 18.3% 36.54%
5 Yr -1.1%* -5.0% 17.3% 48.31%
10 Yr 1.4%* -4.6% 13.2% 52.94%

* Annualized

Return Ranking - Calendar

Period XMCNX Return Category Return Low Category Return High Rank in Category (%)
2023 0.1% -34.1% 904.0% 76.58%
2022 -5.4% -28.6% 438.4% 74.57%
2021 5.1% -93.5% 8.2% 91.03%
2020 -3.5% -38.9% 19.8% 85.27%
2019 6.4% -10.9% 12.8% 73.79%

Total Return Ranking - Trailing

Period XMCNX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.4% -2.7% 244.0% 11.86%
1 Yr -6.5% -4.3% 140.6% 13.91%
3 Yr -3.6%* -8.3% 18.3% 34.62%
5 Yr -1.1%* -5.4% 17.3% 44.07%
10 Yr 1.4%* -4.6% 13.2% 52.94%

* Annualized

Total Return Ranking - Calendar

Period XMCNX Return Category Return Low Category Return High Rank in Category (%)
2023 0.1% -34.1% 904.0% 76.58%
2022 -5.4% -5.9% 438.4% 75.14%
2021 5.1% -81.2% 8.2% 92.41%
2020 -3.5% -29.0% 19.8% 91.47%
2019 11.8% -10.9% 12.8% 83.50%

NAV & Total Return History

XMCNX - Holdings

Concentration Analysis

XMCNX Category Low Category High XMCNX % Rank
Net Assets 156 M 25 17.4 B 34.46%
Number of Holdings 81 2 508 34.73%
Net Assets in Top 10 52.5 M -6.66 M 5.12 B 54.20%
Weighting of Top 10 33.74% 11.3% 100.0% 68.67%

Top 10 Holdings

  1. CVS Health Corp 4.67%
  2. T-Mobile US Inc 4.45%
  3. Fiserv Inc 3.99%
  4. Baker Hughes Co Class A 3.95%
  5. Berkshire Hathaway Inc Class B 3.85%
  6. Option on S&P 500 Jun22 3.80%
  7. Option on S&P 500 Jun22 3.80%
  8. Option on S&P 500 Jun22 3.80%
  9. Option on S&P 500 Jun22 3.80%
  10. Option on S&P 500 Jun22 3.80%

Asset Allocation

Weighting Return Low Return High XMCNX % Rank
Stocks 		84.48% -3.92% 100.76% 77.48%
Cash 		15.52% -0.76% 100.29% 11.45%
Preferred Stocks 		0.00% 0.00% 3.08% 83.21%
Other 		0.00% 0.00% 45.92% 86.26%
Convertible Bonds 		0.00% 0.00% 20.91% 84.73%
Bonds 		0.00% 0.00% 97.96% 84.73%

Stock Sector Breakdown

Weighting Return Low Return High XMCNX % Rank
Financial Services 		16.01% 0.00% 29.60% 90.76%
Consumer Cyclical 		14.10% 0.00% 19.02% 96.22%
Energy 		12.68% 0.00% 69.54% 2.94%
Healthcare 		11.48% 0.00% 25.91% 89.08%
Communication Services 		11.19% 0.00% 21.22% 6.72%
Technology 		11.17% 0.00% 44.43% 97.06%
Industrials 		9.22% 1.41% 43.91% 100.00%
Utilities 		6.43% 0.00% 13.35% 3.78%
Basic Materials 		5.80% 0.00% 60.58% 1.68%
Real Estate 		1.91% 0.00% 9.74% 11.76%
Consumer Defense 		0.00% 0.00% 22.87% 18.91%

Stock Geographic Breakdown

Weighting Return Low Return High XMCNX % Rank
US 		80.66% -3.89% 100.00% 70.99%
Non US 		3.82% -2.17% 99.33% 17.18%

XMCNX - Expenses

Operational Fees

XMCNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.08% 0.20% 6.78% 55.56%
Management Fee 0.50% 0.20% 1.75% 10.82%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.28% N/A

Sales Fees

XMCNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

XMCNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XMCNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 178.00% 0.00% 456.80% 83.04%

XMCNX - Distributions

Dividend Yield Analysis

XMCNX Category Low Category High XMCNX % Rank
Dividend Yield 0.00% 0.00% 3.76% 85.87%

Dividend Distribution Analysis

XMCNX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

XMCNX Category Low Category High XMCNX % Rank
Net Income Ratio 0.16% -2.54% 14.24% 46.72%

Capital Gain Distribution Analysis

XMCNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

XMCNX - Fund Manager Analysis

Managers

Ray DiBernardo

Start Date

Tenure

Tenure Rank

Dec 31, 2009

12.42

12.4%

Ray serves as a portfolio manager on Madison's covered call strategies. Ray has been working in the financial services industry since 1984 and joined Madison in 2003. He earned his B.A. from the University of Western Ontario.

Andrew Justman

Start Date

Tenure

Tenure Rank

Dec 31, 2009

12.42

12.4%

Mr. Justman, Vice President and Portfolio Manager of Madison, has co-managed the equity portion of the Fund since May 2015. Andrew has been working in the financial services industry since 2001 and joined Madison in 2005. He earned his BBA in finance and economics and M.S. in finance from the University of Wisconsin-Madison, specializing in the Applied Security Analysis Program. Prior to joining Madison he worked at Merrill Lynch.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 19.77 3.61 5.67

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