Madison Covered Call & Equity Income Fund A (MENAX)
8.99
+0.02
(+0.22%)
USD |
Sep 15 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.28% | 131.82M | 2.32% | 78.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -90.66M | 9.46% |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide consistent total return, and secondarily, to provide a high level of income and gains from option premiums. The Fund will invest at least 80% of its assets in common stocks, with at least 65% of this amount invested in common stocks of large-cap issuers that meet the Funds selection criteria. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | Multi Cap Value |
| Broad Asset Class | Miscellaneous |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Relative Value |
| Peer Group | Option Income Strategies Funds |
| Global Macro | Liquid Alternatives |
| US Macro | -- |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | -- |
| Fund Owner Firm Name | Madison Funds |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
85
-135.56M
Peer Group Low
484.56M
Peer Group High
1 Year
% Rank:
85
-90.66M
-2.204B
Peer Group Low
8.411B
Peer Group High
3 Months
% Rank:
83
-485.38M
Peer Group Low
2.028B
Peer Group High
3 Years
% Rank:
81
-3.084B
Peer Group Low
25.08B
Peer Group High
6 Months
% Rank:
70
-1.046B
Peer Group Low
4.071B
Peer Group High
5 Years
% Rank:
90
-22.36M
Peer Group Low
30.73B
Peer Group High
YTD
% Rank:
89
-1.412B
Peer Group Low
5.767B
Peer Group High
10 Years
% Rank:
92
-64.94M
Peer Group Low
4.550B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of September 16, 2026.
Asset Allocation
As of July 31, 2026.
| Type | % Net |
|---|---|
| Cash | 4.34% |
| Stock | 94.43% |
| Bond | 3.83% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | -2.61% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| State Street US Government Money Market Fund Prem | 8.18% | 1.00 | 0.00% |
| Transocean Ltd. | 6.60% | 5.535 | -6.82% |
| Archer-Daniels-Midland Co. | 5.55% | 84.98 | -1.88% |
| APA Corp. | 5.31% | 44.80 | -5.51% |
| PepsiCo, Inc. | 5.28% | 134.33 | -0.86% |
| Matador Resources Co. | 4.99% | 57.75 | -8.58% |
| CME Group, Inc. | 3.69% | 272.50 | -0.94% |
| Marsh & McLennan Cos., Inc. | 3.64% | 176.72 | -1.69% |
| Microsoft Corp. | 3.46% | 490.45 | -1.34% |
| PayPal Holdings, Inc. | 3.19% | 52.74 | -2.00% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 0.25% |
| Actual Management Fee | 0.85% |
| Administration Fee | 40431.00 None |
| Maximum Front Load | 5.75% |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 1000.00 None |
| Minimum Subsequent Investment | 50.00 None |
TTM Distributions
| Type | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of August 31, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks to provide consistent total return, and secondarily, to provide a high level of income and gains from option premiums. The Fund will invest at least 80% of its assets in common stocks, with at least 65% of this amount invested in common stocks of large-cap issuers that meet the Funds selection criteria. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | Multi Cap Value |
| Broad Asset Class | Miscellaneous |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Relative Value |
| Peer Group | Option Income Strategies Funds |
| Global Macro | Liquid Alternatives |
| US Macro | -- |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | -- |
| Fund Owner Firm Name | Madison Funds |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (9-15-26) | 8.66% |
| 30-Day SEC Yield (8-31-26) | 0.66% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 71 |
| Stock | |
| Weighted Average PE Ratio | 21.90 |
| Weighted Average Price to Sales Ratio | 3.698 |
| Weighted Average Price to Book Ratio | 5.888 |
| Weighted Median ROE | 29.85% |
| Weighted Median ROA | 7.14% |
| Return on Investment (TTM) | 10.44% |
| Earning Yield | 0.0576 |
| LT Debt / Shareholders Equity | 1.422 |
| Number of Equity Holdings | 34 |
As of July 31, 2026
Growth Metrics
| EPS Growth (1Y) | 10.17% |
| EPS Growth (3Y) | 2.10% |
| EPS Growth (5Y) | 13.05% |
| Sales Growth (1Y) | 5.84% |
| Sales Growth (3Y) | 6.32% |
| Sales Growth (5Y) | 10.05% |
| Sales per Share Growth (1Y) | 6.41% |
| Sales per Share Growth (3Y) | 6.29% |
| Operating Cash Flow - Growth Rate (3Y) | 8.29% |
As of July 31, 2026
Fund Details
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:MENAX", "name") |
| Broad Asset Class: =YCI("M:MENAX", "broad_asset_class") |
| Broad Category: =YCI("M:MENAX", "broad_category_group") |
| Prospectus Objective: =YCI("M:MENAX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |