MENIX Performance — Madison Covered Call & Equity Income Fund, Class I
Data updated: 2026-09-17
MENIX returned +5.97% year to date and +10.15% over one year to Jul 2026. The annualised 3-year return is +5.24%. The fund trailed its US Mid-Cap Value category average: $100 invested three years ago grew to $117, against $145 for the category, and to $110 over one year, against $120. Volatility over the past three years was 9.39% a year. In the 12 months to Jul 2026 the fund lost a net $70.9M, and assets reached $137.10M.
MENIX 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 | MENIX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $110 | $120 |
| 3 years (Aug 2023 – Jul 2026) | $117 | $145 |
| Since data start (Mar 2022 – Jul 2026) | $135 | $150 |
MENIX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.97% |
| 1 year | +10.15% |
| 3 years (annualised) | +5.24% |
MENIX 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 |
|---|---|
| 2026 (Jan–Jul) | +5.97% |
| 2025 | +6.69% |
| 2024 | +2.90% |
| 2023 | +10.61% |
| 2022 (Mar–Dec) | +5.26% |
MENIX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +3.1% | +4.1% | −2.0% | +2.7% | −2.0% | −5.4% | +5.8% | — | — | — | — | — |
| 2025 | +0.4% | −1.2% | −1.3% | −4.2% | +4.0% | +3.5% | +1.5% | +3.3% | −0.9% | −0.9% | +1.9% | +0.6% |
| 2024 | −2.2% | −0.3% | +4.7% | −2.0% | +2.4% | −1.3% | +3.2% | +0.6% | +0.7% | −0.4% | +1.3% | −3.4% |
| 2023 | +5.8% | −2.2% | +1.9% | +0.8% | −3.5% | +4.2% | +3.2% | −2.0% | −2.2% | −1.2% | +3.3% | +2.4% |
| 2022 | — | — | +4.8% | −4.2% | +2.8% | −7.0% | +4.0% | +0.3% | −5.6% | +8.3% | +3.7% | −0.7% |
MENIX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 9.39%
- 3-year Sharpe ratio: 0.08 (vs 4.5% risk-free rate)
- Best month: +5.81% (Jul 2026)
- Worst month: −5.41% (Jun 2026)
MENIX 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 |
MENIX 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.