- What does MENYX invest in?
- 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.
- What is the expense ratio of MENYX?
- Madison Covered Call & Equity Income Y (MENYX) charges an expense ratio of 1.04%. This is the annual fee deducted from fund assets to cover management and operations.
- What is MENYX's distribution yield?
- MENYX's trailing-twelve-month yield is 8.03%, calculated from the sum of distributions over the past year divided by the current price.
- How does MENYX's covered-call strategy work?
- MENYX sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.
- How big is MENYX?
- Madison Covered Call & Equity Income Y (MENYX) manages $188.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is MENYX actively managed or an index fund?
- MENYX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
