Madison Covered Call & Equity Income Fund (MENYX)
The fund invests, under normal conditions, primarily in common stocks of large- and mid-capitalization issuers that are, in the view of the fund's investment adviser, selling at a reasonable price in relation to their long-term earnings growth rates. It will invest at least 80% of its net assets in common stocks, with at least 65% of this amount invested in common stocks of large capitalization issuers that meet the fund's selection criteria.
Fund Info
US5574928322
557492832
Oct 29, 2009
$1,000
Large-Cap
Value
Expense Ratio
MENYX has a high expense ratio of 1.01%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Madison Covered Call & Equity Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Madison Covered Call & Equity Income Fund had a return of 0.75% year-to-date (YTD) and 6.04% in the last 12 months. Over the past 10 years, Madison Covered Call & Equity Income Fund had an annualized return of 5.35%, while the S&P 500 had an annualized return of 11.31%, indicating that Madison Covered Call & Equity Income Fund did not perform as well as the benchmark.
MENYX
0.75%
-0.21%
-1.06%
6.04%
9.44%
5.35%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of MENYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.43% | 0.75% | |||||||||||
| 2024 | -2.34% | -0.21% | 4.70% | -2.02% | 2.27% | -1.31% | 3.21% | 0.60% | 0.80% | -0.50% | 1.31% | -3.44% | 2.79% |
| 2023 | 5.83% | -2.17% | 1.92% | 0.80% | -3.48% | 4.13% | 3.31% | -2.04% | -2.28% | -1.23% | 3.43% | 2.45% | 10.66% |
| 2022 | 1.02% | -1.11% | 4.79% | -4.15% | 2.68% | -6.94% | 3.83% | 0.32% | -5.48% | 8.14% | 3.66% | -0.71% | 5.06% |
| 2021 | 2.05% | 4.01% | 4.50% | 2.60% | 3.34% | 0.40% | -0.69% | 0.60% | 0.29% | -0.30% | -2.01% | 0.67% | 16.34% |
| 2020 | -3.69% | -4.70% | -13.07% | 13.26% | 2.56% | 2.91% | 4.03% | 3.75% | -2.52% | 0.63% | 9.32% | 0.16% | 10.55% |
| 2019 | 5.64% | 0.97% | 0.37% | 0.37% | -5.46% | 6.04% | 0.62% | -2.45% | 2.01% | 0.88% | 2.73% | 1.67% | 13.63% |
| 2018 | 2.20% | -2.69% | -0.98% | 2.05% | 1.00% | 1.10% | 2.44% | 1.08% | 0.32% | -5.52% | -0.23% | -10.16% | -9.73% |
| 2017 | 0.88% | 1.52% | 0.32% | -0.22% | -0.98% | 1.43% | 1.21% | -1.52% | 2.31% | -1.09% | 2.21% | -1.82% | 4.23% |
| 2016 | -2.45% | 0.46% | 3.86% | 1.22% | 1.54% | -0.42% | 2.86% | -0.11% | 0.33% | -1.51% | 2.20% | -2.17% | 5.73% |
| 2015 | -1.23% | 2.59% | -0.41% | 1.66% | 0.31% | -0.91% | -0.84% | -2.75% | -1.62% | 3.46% | 0.43% | -3.21% | -2.71% |
| 2014 | -2.00% | 3.16% | 1.10% | 0.10% | 1.69% | 0.78% | -0.00% | 2.08% | -1.36% | 0.60% | 0.00% | -2.69% | 3.35% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MENYX is 45, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Madison Covered Call & Equity Income Fund (MENYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Madison Covered Call & Equity Income Fund provided a 7.78% dividend yield over the last twelve months, with an annual payout of $0.74 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.74 | $0.74 | $0.76 | $0.67 | $0.44 | $0.39 | $0.44 | $0.45 | $0.40 | $0.41 | $0.51 | $0.60 |
Dividend yield | 7.78% | 7.84% | 7.71% | 6.98% | 4.45% | 4.48% | 5.21% | 5.72% | 4.43% | 4.48% | 5.68% | 6.15% |
Monthly Dividends
The table displays the monthly dividend distributions for Madison Covered Call & Equity Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.32 | $0.74 |
| 2023 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.34 | $0.76 |
| 2022 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.25 | $0.67 |
| 2021 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.02 | $0.44 |
| 2020 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.01 | $0.39 |
| 2019 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.02 | $0.44 |
| 2018 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.03 | $0.45 |
| 2017 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.01 | $0.40 |
| 2016 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.01 | $0.41 |
| 2015 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.01 | $0.51 |
| 2014 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.00 | $0.60 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Madison Covered Call & Equity Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Madison Covered Call & Equity Income Fund was 31.57%, occurring on Mar 23, 2020. Recovery took 141 trading sessions.
The current Madison Covered Call & Equity Income Fund drawdown is 2.82%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -31.57% | Sep 24, 2018 | 376 | Mar 23, 2020 | 141 | Oct 12, 2020 | 517 |
| -14.43% | Jul 25, 2011 | 50 | Oct 3, 2011 | 18 | Oct 27, 2011 | 68 |
| -12.18% | Nov 24, 2014 | 306 | Feb 11, 2016 | 112 | Jul 22, 2016 | 418 |
| -11.74% | Apr 26, 2010 | 49 | Jul 2, 2010 | 74 | Oct 18, 2010 | 123 |
| -11.25% | Mar 30, 2022 | 124 | Sep 26, 2022 | 48 | Dec 2, 2022 | 172 |
Volatility
Volatility Chart
The current Madison Covered Call & Equity Income Fund volatility is 2.28%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.