• 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 August 31, 2020)
BERKSHIRE HATHAWAY INC CL B3.6%
RANGE RESOURCES CORP3.6%
INVESCO DB GOLD FUND3.3%
PEPSICO INC3.0%
CVS HEALTH CORP2.9%
JM SMUCKER CO/THE2.8%
BARRICK GOLD CORP2.8%
ARCHER DANIELS MIDLAND CO2.8%
AES CORP2.8%
FEDEX CORP2.8%
% of Fund in Top Ten Securities30.4%

Complete Holdings List

Key Highlights

(as of Friday September 18, 2020)

NAV

6.76

Market Price 5.90
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