Madison Covered Call & Equity Strategy Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-2.4%
1 yr return
-1.3%
3 Yr Avg Return
-3.6%
5 Yr Avg Return
-0.9%
Net Assets
$156 M
Holdings in Top 10
33.7%
52 WEEK LOW AND HIGH
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 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
XMCNX - Profile
Distributions
- YTD Total Return -2.4%
- 3 Yr Annualized Total Return -3.6%
- 5 Yr Annualized Total Return -0.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.16%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameMadison Covered Call & Equity Strategy Fund
-
Fund Family NameMadison Asset Management, LLC
-
Inception DateAug 10, 2004
-
Shares Outstanding20981550
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerRay 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 | -1.3% | -4.3% | 140.6% | 14.78% |
3 Yr | -3.6%* | -8.3% | 18.3% | 36.54% |
5 Yr | -0.9%* | -5.0% | 17.3% | 48.31% |
10 Yr | 1.0%* | -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 | -1.3% | -4.3% | 140.6% | 13.91% |
3 Yr | -3.6%* | -8.3% | 18.3% | 34.62% |
5 Yr | -0.9%* | -5.4% | 17.3% | 44.07% |
10 Yr | 1.0%* | -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
- CVS Health Corp 4.67%
- T-Mobile US Inc 4.45%
- Fiserv Inc 3.99%
- Baker Hughes Co Class A 3.95%
- Berkshire Hathaway Inc Class B 3.85%
- Option on S&P 500 Jun22 3.80%
- Option on S&P 500 Jun22 3.80%
- Option on S&P 500 Jun22 3.80%
- Option on S&P 500 Jun22 3.80%
- 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
Date | Amount | Type |
---|---|---|
Jun 17, 2019 | $0.180 | OrdinaryDividend |
Mar 14, 2019 | $0.180 | OrdinaryDividend |
Dec 14, 2018 | $0.180 | OrdinaryDividend |
Sep 17, 2018 | $0.180 | OrdinaryDividend |
Jun 14, 2018 | $0.180 | OrdinaryDividend |
Mar 14, 2018 | $0.180 | OrdinaryDividend |
Dec 14, 2017 | $0.180 | OrdinaryDividend |
Sep 14, 2017 | $0.180 | OrdinaryDividend |
Jun 14, 2017 | $0.180 | OrdinaryDividend |
Mar 15, 2017 | $0.180 | OrdinaryDividend |
Dec 14, 2016 | $0.180 | OrdinaryDividend |
Sep 14, 2016 | $0.180 | OrdinaryDividend |
Jun 15, 2016 | $0.180 | OrdinaryDividend |
Mar 15, 2016 | $0.180 | OrdinaryDividend |
Dec 15, 2015 | $0.180 | OrdinaryDividend |
Sep 15, 2015 | $0.180 | OrdinaryDividend |
Jun 16, 2015 | $0.180 | OrdinaryDividend |
Mar 17, 2015 | $0.180 | OrdinaryDividend |
Dec 15, 2014 | $0.180 | OrdinaryDividend |
Sep 15, 2014 | $0.180 | OrdinaryDividend |
Jun 16, 2014 | $0.180 | OrdinaryDividend |
Mar 17, 2014 | $0.180 | OrdinaryDividend |
Dec 13, 2013 | $0.180 | OrdinaryDividend |
Sep 16, 2013 | $0.180 | OrdinaryDividend |
Jun 14, 2013 | $0.180 | OrdinaryDividend |
Mar 15, 2013 | $0.180 | OrdinaryDividend |
Nov 13, 2012 | $0.180 | OrdinaryDividend |
Aug 13, 2012 | $0.180 | OrdinaryDividend |
May 11, 2012 | $0.180 | OrdinaryDividend |
Feb 13, 2012 | $0.180 | OrdinaryDividend |
Nov 10, 2011 | $0.180 | OrdinaryDividend |
Aug 11, 2011 | $0.180 | OrdinaryDividend |
May 11, 2011 | $0.180 | OrdinaryDividend |
Feb 11, 2011 | $0.180 | OrdinaryDividend |
Nov 10, 2010 | $0.180 | OrdinaryDividend |
Aug 11, 2010 | $0.180 | OrdinaryDividend |
May 12, 2010 | $0.180 | OrdinaryDividend |
Feb 10, 2010 | $0.180 | OrdinaryDividend |
Nov 10, 2009 | $0.196 | OrdinaryDividend |
Aug 12, 2009 | $0.180 | OrdinaryDividend |
May 13, 2009 | $0.180 | OrdinaryDividend |
Feb 11, 2009 | $0.240 | OrdinaryDividend |
Nov 12, 2008 | $0.240 | OrdinaryDividend |
Aug 13, 2008 | $0.280 | OrdinaryDividend |
May 13, 2008 | $0.330 | OrdinaryDividend |
Feb 13, 2008 | $0.330 | OrdinaryDividend |
Nov 13, 2007 | $0.330 | OrdinaryDividend |
Aug 13, 2007 | $0.330 | OrdinaryDividend |
May 11, 2007 | $0.330 | OrdinaryDividend |
Feb 13, 2007 | $0.330 | OrdinaryDividend |
Nov 13, 2006 | $0.330 | OrdinaryDividend |
Aug 11, 2006 | $0.330 | OrdinaryDividend |
May 11, 2006 | $0.330 | OrdinaryDividend |
Feb 13, 2006 | $0.330 | OrdinaryDividend |
Nov 10, 2005 | $0.330 | OrdinaryDividend |
Aug 11, 2005 | $0.330 | OrdinaryDividend |
May 11, 2005 | $0.330 | OrdinaryDividend |
Feb 11, 2005 | $0.330 | OrdinaryDividend |
Nov 10, 2004 | $0.300 | OrdinaryDividend |
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 |