Madison Institutional Equity Option Y

 (MUTF:MADOX)   Watch this mutual fund  
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Performance

Trailing returns

1 day
   
-0.06%  
1 week
   
-0.06%  
4 week
   
-2.08%  
3 month   +5.58%
   
YTD   +8.14%
   
1 year   +11.06%
   
3 years*   +3.36%
   
5 years*
   
-1.21%  
*annualized
Best 3 month return+31.05%  
Worst 3 month return-30.83%  

Morningstar statistics

Morningstar category: Large Growth
  Return Risk Rating
3 years Low Low
5 years Below Average Low
10 years     -     - -
Overall Below Average Low
Morningstar style  Learn more
      Large
      Mid
      Small
Value Blend Growth  

Key statistics

Total assets2.91M 
Front load-  
Deferred load-  
Expense ratio0.95%  
Management fee-  
Fund familyMadison Mosaic 

Asset allocation

Cash54.46%  
Stocks45.53%  
Bonds0.00%  
Other0.00%  

Purchase information

Initial$500,000  
Additional$10,000  
AIP Initial$500,000  
AIP Additional$10,000  
16.47-0.01(-0.06%)
Oct 15, 4:00PM EDT Overall Morningstar RatingTM

Description

The investment seeks to provide consistent total return and secondarily, to provide a high level of income and gains from options premiums. The fund normally invests at least 80% of total assets in common stocks. It may also invest up to 25% of total assets in foreign securities. The fund’s investment adviser will allocate the fund’s assets among stocks in various sectors of the economy based upon the investment adviser’s views on forward earnings growth rates. The fund seeks to generate current earnings from option premiums by writing (selling) covered call options on a substantial portion of its portfolio securities.
Fund filings (PDF) »
Asset managers:
Frank E. Burgess (Started: Apr 1, 2006)
Ray DiBernardo (Started: May 1, 2010)
Advisor Company:
Madison Asset Management, LLC
Fund family reports on Morningstar »
Madison Mosaic, 500 Science Drive

Risk

  1 year 3 years 5 years 10 years  
Alpha* -6.70 -5.79 -2.06     -
Beta* 0.89 0.79 0.89     -
Mean annual return 1.48 0.41 0.05     -
R-squared* 89.73 88.34 88.17     -
Standard deviation 12.93 13.02 18.15     -
Sharpe ratio 1.37 0.37 0.00     -
* Against standard index

Top 10 holdings

Security Net Assets  
State Street Corp (STT) 5.62%  
Goldman Sachs Group Inc (GS) 4.69%  
Mylan Inc (MYL) 4.61%  
Bank of America Corporation (BAC) 4.55%  
Teva Pharmaceutical Industries Ltd ADR (TEVA) 4.27%  
FLIR Systems, Inc. (FLIR) 3.43%  
Cisco Systems Inc (CSCO) 3.28%  
Canadian Natural Resources Ltd (CNQ) 3.17%  
Apache Corporation (APA) 2.97%  
Community Health Systems Inc (CYH) 2.50%