Madison Funds - Madison Cov Call & Eq Inc Fd USD Cls A
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.7%
1 yr return
8.2%
3 Yr Avg Return
6.2%
5 Yr Avg Return
10.9%
Net Assets
$111 M
Holdings in Top 10
53.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.26%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 162.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MENAX - Profile
Distributions
- YTD Total Return 4.7%
- 3 Yr Annualized Total Return 6.2%
- 5 Yr Annualized Total Return 10.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.09%
- Dividend Yield 6.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameMadison Funds - Madison Cov Call & Eq Inc Fd USD Cls A
-
Fund Family NameMadison Funds
-
Inception DateFeb 07, 2013
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerRay DiBernardo
Fund Description
MENAX - Performance
Return Ranking - Trailing
Period | MENAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.7% | -2.8% | 240.8% | 7.11% |
1 Yr | 8.2% | -4.3% | 140.6% | 4.35% |
3 Yr | 6.2%* | -8.3% | 18.3% | 16.67% |
5 Yr | 10.9%* | -5.0% | 17.3% | 31.36% |
10 Yr | 7.2%* | -4.6% | 13.2% | 45.10% |
* Annualized
Return Ranking - Calendar
Period | MENAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.8% | -34.1% | 904.0% | 52.70% |
2022 | -2.5% | -28.6% | 438.4% | 73.99% |
2021 | 10.9% | -93.5% | 8.2% | 82.76% |
2020 | 4.4% | -38.9% | 19.8% | 82.17% |
2019 | 7.2% | -10.9% | 12.8% | 63.11% |
Total Return Ranking - Trailing
Period | MENAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.7% | -2.7% | 244.0% | 7.11% |
1 Yr | 8.2% | -4.3% | 140.6% | 12.61% |
3 Yr | 6.2%* | -8.3% | 18.3% | 37.18% |
5 Yr | 10.9%* | -5.4% | 17.3% | 44.92% |
10 Yr | 7.2%* | -4.6% | 13.2% | 47.06% |
* Annualized
Total Return Ranking - Calendar
Period | MENAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.2% | -34.1% | 904.0% | 52.70% |
2022 | 4.8% | -5.9% | 438.4% | 74.57% |
2021 | 18.4% | -81.2% | 8.2% | 64.83% |
2020 | 12.4% | -29.0% | 19.8% | 64.34% |
2019 | 15.4% | -10.9% | 12.8% | 16.50% |
NAV & Total Return History
MENAX - Holdings
Concentration Analysis
MENAX | Category Low | Category High | MENAX % Rank | |
---|---|---|---|---|
Net Assets | 111 M | 25 | 17.4 B | 50.56% |
Number of Holdings | 80 | 2 | 508 | 35.88% |
Net Assets in Top 10 | 71.6 M | -6.66 M | 5.12 B | 71.37% |
Weighting of Top 10 | 53.12% | 11.3% | 100.0% | 61.33% |
Top 10 Holdings
- Range Resources Corp 4.94%
- Zimmer Biomet Holdings Inc 3.99%
- Berkshire Hathaway Inc Class B 3.77%
- T-Mobile US Inc 3.61%
- Baxter International Inc 3.56%
- General Dynamics Corp 3.51%
- Steel Dynamics Inc 3.40%
- PepsiCo Inc 3.29%
- Baker Hughes Co Class A 3.22%
- PayPal Holdings Inc 3.20%
Asset Allocation
Weighting | Return Low | Return High | MENAX % Rank | |
---|---|---|---|---|
Stocks | 80.79% | -3.92% | 100.76% | 78.63% |
Cash | 19.21% | -0.76% | 100.29% | 10.69% |
Preferred Stocks | 0.00% | 0.00% | 3.08% | 36.26% |
Other | 0.00% | 0.00% | 45.92% | 50.00% |
Convertible Bonds | 0.00% | 0.00% | 20.91% | 40.08% |
Bonds | 0.00% | 0.00% | 97.96% | 42.75% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MENAX % Rank | |
---|---|---|---|---|
Financial Services | 16.60% | 0.00% | 29.60% | 93.70% |
Consumer Cyclical | 15.47% | 0.00% | 19.02% | 92.44% |
Energy | 11.98% | 0.00% | 69.54% | 2.10% |
Communication Services | 11.73% | 0.00% | 21.22% | 13.87% |
Technology | 11.56% | 0.00% | 44.43% | 98.32% |
Healthcare | 10.92% | 0.00% | 25.91% | 86.55% |
Industrials | 8.16% | 1.41% | 43.91% | 99.16% |
Utilities | 5.85% | 0.00% | 13.35% | 5.04% |
Basic Materials | 5.34% | 0.00% | 60.58% | 2.94% |
Real Estate | 2.39% | 0.00% | 9.74% | 25.21% |
Consumer Defense | 0.00% | 0.00% | 22.87% | 21.85% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MENAX % Rank | |
---|---|---|---|---|
US | 77.54% | -3.89% | 100.00% | 68.70% |
Non US | 3.25% | -2.17% | 99.33% | 18.32% |
MENAX - Expenses
Operational Fees
MENAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.26% | 0.20% | 6.78% | 41.56% |
Management Fee | 0.85% | 0.20% | 1.75% | 56.72% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 74.14% |
Administrative Fee | 0.15% | 0.02% | 0.28% | 55.10% |
Sales Fees
MENAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 4.75% | 5.75% | 33.33% |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
MENAX 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.
MENAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 162.00% | 0.00% | 456.80% | 80.36% |
MENAX - Distributions
Dividend Yield Analysis
MENAX | Category Low | Category High | MENAX % Rank | |
---|---|---|---|---|
Dividend Yield | 5.96% | 0.00% | 3.76% | 40.52% |
Dividend Distribution Analysis
MENAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Monthly | Annually |
Net Income Ratio Analysis
MENAX | Category Low | Category High | MENAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.09% | -2.54% | 14.24% | 43.44% |
Capital Gain Distribution Analysis
MENAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.140 | OrdinaryDividend |
Mar 28, 2024 | $0.140 | OrdinaryDividend |
Dec 21, 2023 | $0.333 | OrdinaryDividend |
Sep 29, 2023 | $0.140 | OrdinaryDividend |
Jun 30, 2023 | $0.140 | OrdinaryDividend |
Mar 31, 2023 | $0.140 | OrdinaryDividend |
Dec 22, 2022 | $0.245 | OrdinaryDividend |
Sep 30, 2022 | $0.140 | OrdinaryDividend |
Jun 30, 2022 | $0.140 | OrdinaryDividend |
Mar 31, 2022 | $0.140 | OrdinaryDividend |
Dec 23, 2021 | $0.209 | OrdinaryDividend |
Sep 30, 2021 | $0.140 | OrdinaryDividend |
Jun 30, 2021 | $0.140 | OrdinaryDividend |
Mar 31, 2021 | $0.140 | OrdinaryDividend |
Dec 23, 2020 | $0.173 | OrdinaryDividend |
Sep 30, 2020 | $0.100 | OrdinaryDividend |
Jun 30, 2020 | $0.140 | OrdinaryDividend |
Mar 31, 2020 | $0.140 | OrdinaryDividend |
Dec 23, 2019 | $0.013 | OrdinaryDividend |
Dec 23, 2019 | $0.156 | CapitalGainShortTerm |
Sep 30, 2019 | $0.140 | OrdinaryDividend |
Jun 28, 2019 | $0.140 | OrdinaryDividend |
Mar 29, 2019 | $0.140 | OrdinaryDividend |
Dec 21, 2018 | $0.021 | OrdinaryDividend |
Dec 21, 2018 | $0.320 | CapitalGainShortTerm |
Sep 28, 2018 | $0.140 | OrdinaryDividend |
Jun 29, 2018 | $0.140 | OrdinaryDividend |
Mar 29, 2018 | $0.140 | OrdinaryDividend |
Dec 27, 2017 | $0.006 | OrdinaryDividend |
Dec 27, 2017 | $0.292 | CapitalGainShortTerm |
Sep 29, 2017 | $0.130 | OrdinaryDividend |
Jun 30, 2017 | $0.130 | OrdinaryDividend |
Mar 31, 2017 | $0.130 | OrdinaryDividend |
Dec 27, 2016 | $0.002 | OrdinaryDividend |
Dec 27, 2016 | $0.205 | CapitalGainShortTerm |
Sep 30, 2016 | $0.120 | OrdinaryDividend |
Jun 30, 2016 | $0.120 | OrdinaryDividend |
Mar 31, 2016 | $0.160 | OrdinaryDividend |
Dec 28, 2015 | $0.005 | OrdinaryDividend |
Dec 28, 2015 | $0.162 | CapitalGainShortTerm |
Sep 30, 2015 | $0.100 | OrdinaryDividend |
Jun 30, 2015 | $0.200 | OrdinaryDividend |
Mar 31, 2015 | $0.200 | OrdinaryDividend |
Dec 29, 2014 | $0.250 | CapitalGainShortTerm |
Dec 29, 2014 | $0.026 | CapitalGainLongTerm |
Sep 30, 2014 | $0.200 | OrdinaryDividend |
Jun 30, 2014 | $0.200 | OrdinaryDividend |
Mar 31, 2014 | $0.200 | OrdinaryDividend |
Dec 26, 2013 | $0.002 | OrdinaryDividend |
Dec 26, 2013 | $0.315 | CapitalGainShortTerm |
Sep 30, 2013 | $0.200 | OrdinaryDividend |
Jun 28, 2013 | $0.200 | OrdinaryDividend |
Mar 28, 2013 | $0.200 | OrdinaryDividend |
MENAX - Fund Manager Analysis
Managers
Ray DiBernardo
Start Date
Tenure
Tenure Rank
Oct 30, 2009
12.59
12.6%
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, 2016
5.42
5.4%
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 |