• Madison Covered Call and Equity Strategy Fund (MCN)

Fund Objective

MCN has a primary objective of obtaining a high level of current income and gains, with a secondary objective of achieving long-term capital appreciation.

Investment Strategies

We believe these goals can be met by investing in large and mid-capitalizations stocks that are, in our opinion, selling at a reasonable price with respect to their long-term earnings growth rates. The income comes in the form option premiums which are generated by writing covered calls on a majority of stocks in the portfolio.

Quarterly Fund Fact Sheet

Portfolio Management


Ray Di Bernardo, CFA

Drew Justman, CFA

Portfolio Highlights

Top Ten Fund Holdings
(as of May 31, 2022)
T MOBILE US INC4.3%
FISERV INC3.9%
BAKER HUGHES CO3.8%
AES CORP3.3%
COMCAST CORP CLASS A3.1%
HONEYWELL INTERNATIONAL INC3.0%
BARRICK GOLD CORP3.0%
APA CORP2.8%
LAS VEGAS SANDS CORP2.7%
VISA INC CLASS A SHARES2.7%
% of Fund in Top Ten Securities32.7%

Complete Holdings List

Key Highlights

(as of Thursday June 30, 2022)

NAV

6.70

Market Price 6.78
Inception Date

7/27/2004

NYSE Symbol MCN

NAV Symbol

XMCNX

Distribution Frequency

Quarterly

Expense Ratio

1.08


 


Closed-end funds are listed on the New York Stock Exchange and nothing on this website is intended to be a solicitation to buy or an offer to sell such securities.

Contact Us

Investment Management:
800.767.0300