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
| ISIN | US5574928322 |
|---|---|
| CUSIP | 557492832 |
| Issuer | Madison Funds |
| Inception Date | Oct 29, 2009 |
| Category | Derivative Income |
| Min. Investment | $1,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
The Madison Covered Call & Equity Income Fund 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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Popular comparisons: MENYX vs. JQUA
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 0.70% year-to-date (YTD) and 5.17% in the last 12 months. Over the past 10 years, Madison Covered Call & Equity Income Fund had an annualized return of 7.41%, while the S&P 500 had an annualized return of 10.52%, indicating that Madison Covered Call & Equity Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.70% | 6.92% |
| 1 month | -2.30% | -2.83% |
| 6 months | 7.83% | 23.86% |
| 1 year | 5.17% | 23.33% |
| 5 years (annualized) | 10.97% | 11.66% |
| 10 years (annualized) | 7.41% | 10.52% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.34% | -0.21% | 4.70% | |||||||||
| 2023 | -2.28% | -1.23% | 3.43% | 2.45% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Madison Covered Call & Equity Income Fund(MENYX)
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 granted a 7.77% dividend yield in the last twelve months. The annual payout for that period amounted to $0.76 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.76 | $0.76 | $0.67 | $0.63 | $0.56 | $0.59 | $0.77 | $0.69 | $0.61 | $0.67 | $0.88 | $0.93 |
Dividend yield | 7.77% | 7.71% | 6.98% | 6.48% | 6.34% | 7.07% | 9.82% | 7.64% | 6.74% | 7.48% | 8.98% | 9.30% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.14 | |||||||||
| 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 |
| 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 |
| 2021 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.21 |
| 2020 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.18 |
| 2019 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.17 |
| 2018 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.35 |
| 2017 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.30 |
| 2016 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.21 |
| 2015 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.17 |
| 2014 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.28 |
| 2013 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.33 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 28.38%, occurring on Mar 23, 2020. Recovery took 92 trading sessions.
The current Madison Covered Call & Equity Income Fund drawdown is 2.30%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.38% | Jan 8, 2020 | 52 | Mar 23, 2020 | 92 | Aug 3, 2020 | 144 |
| -16.02% | Sep 24, 2018 | 64 | Dec 24, 2018 | 249 | Dec 19, 2019 | 313 |
| -14.43% | Jul 25, 2011 | 50 | Oct 3, 2011 | 18 | Oct 27, 2011 | 68 |
| -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 2.04%, 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.