• 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 April 30, 2018)
T MOBILE US INC3.9%
BAXTER INTERNATIONAL INC3.3%
ALPHABET INC CL C3.1%
MICROSOFT CORP2.9%
CIENA CORP2.9%
DOWDUPONT INC2.8%
AES CORP2.7%
GILEAD SCIENCES INC2.7%
APACHE CORP2.6%
QUALCOMM INC2.6%
% of Fund in Top Ten Securities29.4%

Key Highlights

(as of Friday May 18, 2018)
NAV 8.22
Market Price 7.49
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