• 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, 2021)
CVS HEALTH CORP3.5%
BARRICK GOLD CORP3.3%
PAYPAL HOLDINGS INC3.0%
FISERV INC2.8%
GILEAD SCIENCES INC2.7%
BAXTER INTERNATIONAL INC2.7%
COMCAST CORP CLASS A2.6%
MICROSOFT CORP2.6%
CANADIAN NATURAL RESOURCES2.5%
VANECK VECTORS GOLD MINERS ETF2.5%
% of Fund in Top Ten Securities28.2%

Complete Holdings List

Key Highlights

(as of Friday June 18, 2021)

NAV

7.66

Market Price 7.80
Inception Date

7/27/2004

NYSE Symbol MCN

NAV Symbol

XMCNX

Distribution Frequency

Quarterly

Expense Ratio

1.06


 


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