MENCX Performance — Madison Covered Call & Equity Income Fund, Class C
Data updated: 2026-09-17
MENCX returned −7.11% over one year to Jan 2025. Over one year the fund trailed its US Mid-Cap Value category average: $100 grew to $93, against $117 for the category. Volatility over the past 12 months was 7.72% a year. In the 12 months to Jul 2026 the fund lost a net $70.9M, and assets reached $137.10M.
MENCX Growth of $100
What $100 invested in Madison Covered Call & Equity Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Value category average over the same months.
| Period | MENCX | Category average |
|---|---|---|
| 1 year (Feb 2024 – Jan 2025) | $93 | $117 |
| 3 years (Feb 2022 – Jan 2025) | $81 | $125 |
| 5 years (Feb 2020 – Jan 2025) | $88 | $172 |
| Since data start (Aug 2019 – Jan 2025) | $85 | $176 |
MENCX Trailing Returns
Total returns to Jan 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −7.11% |
3- and 5-year figures withheld: disagrees with sibling classes.
MENCX Annual Returns
Calendar-year total returns of Madison Covered Call & Equity Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Jan) | −0.61% |
| 2024 | −9.60% |
| 2023 | −2.85% |
| 2022 | −7.40% |
| 2021 | +4.43% |
| 2020 | −0.86% |
| 2019 (Aug–Dec) | +1.29% |
MENCX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | −0.6% | — | — | — | — | — | — | — | — | — | — | — |
| 2024 | −3.3% | −1.4% | +3.6% | −3.0% | +1.2% | −2.4% | +2.1% | −0.4% | −0.4% | −1.5% | +0.2% | −4.5% |
| 2023 | +4.7% | −3.3% | +0.9% | −0.3% | −4.6% | +3.1% | +2.2% | −3.1% | −3.2% | −2.3% | +2.3% | +1.2% |
| 2022 | −0.2% | −2.1% | +3.8% | −5.3% | +1.6% | −7.8% | +2.8% | −0.8% | −6.6% | +7.2% | +2.5% | −1.7% |
| 2021 | +0.9% | +3.0% | +3.3% | +1.5% | +2.3% | −0.7% | −1.8% | −0.5% | −0.8% | −1.3% | −3.0% | +1.7% |
| 2020 | −4.8% | −5.7% | −14.1% | +12.2% | +1.5% | +1.6% | +3.1% | +2.6% | −3.5% | −0.4% | +8.2% | +1.0% |
| 2019 | — | — | — | — | — | — | — | −3.5% | +0.9% | −0.2% | +1.6% | +2.6% |
MENCX Risk
Risk measures from monthly returns over Feb 2024 – Jan 2025.
- 1-year volatility (annualised): 7.72%
- Best month: +3.58% (Mar 2024)
- Worst month: −4.51% (Dec 2024)
MENCX Fund Flows
Monthly money in and out of Madison Covered Call & Equity Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$70.9M
- 12-month gross sales (incl. reinvestments): $58.7M
- Sales ÷ redemptions: 0.45×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $5.9M | $4.4M | $1.5M |
| Jun 2026 | $2.2M | $2.8M | −$587K |
| May 2026 | $3.6M | $4.0M | −$373K |
| Apr 2026 | $7.6M | $3.0M | $4.6M |
| Mar 2026 | $3.3M | $2.8M | $486K |
| Feb 2026 | $1.7M | $3.4M | −$1.7M |
| Jan 2026 | $2.8M | $59.1M | −$56.2M |
| Dec 2025 | $11.6M | $17.7M | −$6.2M |
| Nov 2025 | $4.3M | $8.1M | −$3.8M |
| Oct 2025 | $7.3M | $14.2M | −$6.9M |
| Sep 2025 | $4.8M | $5.1M | −$389K |
| Aug 2025 | $3.8M | $5.2M | −$1.4M |
MENCX Assets Under Management
Net assets of Madison Covered Call & Equity Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $137.10M |
| 2026-04-30 | $141.30M |
| 2026-01-31 | $133.65M |
| 2025-10-31 | $197.27M |
| 2025-07-31 | $205.99M |
| 2025-04-30 | $193.36M |
| 2025-01-31 | $220.25M |
| 2024-10-31 | $251.87M |
| 2024-07-31 | $252.54M |
| 2024-04-30 | $247.44M |
| 2024-01-31 | $252.75M |
| 2023-10-31 | $244.58M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.