Madison Covered Call & Equity Income Fund (MENYX)

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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.

Madison Covered Call & Equity Income Fund (MENYX) has returned 4.35% so far this year and 13.50% over the past 12 months. Over the last ten years, MENYX has returned 8.24% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Nov 6, 2009, MENYX's average daily return is +0.03%, while the average monthly return is +0.67%. At this rate, your investment would double in approximately 8.7 years.

Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +13.3%, while the worst month was Mar 2020 at -13.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.

On a daily basis, MENYX closed higher 49% of trading days. The best single day was Mar 24, 2020 with a return of +9.6%, while the worst single day was Mar 16, 2020 at -9.0%.

Madison Covered Call & Equity Income Fund has an annualized alpha of 0.26%, beta of 0.64, and R² of 0.76 versus S&P 500 Index. Calculated based on daily prices since November 09, 2009.

• This fund participated in 61.41% of S&P 500 Index downside but only 56.59% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.64 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

MENYX has a high expense ratio of 1.01%, indicating above-average management fees.

MENYX ranks 48 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Madison Covered Call & Equity Income Fund (MENYX) and compare them to a chosen benchmark (S&P 500 Index).

Madison Covered Call & Equity Income Fund provided a 6.71% dividend yield over the last twelve months, with an annual payout of $0.64 per share.

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.

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.

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 2.83%.

The chart below shows the rolling one-month volatility.