NYSE | FUND
XAI Madison Equity Premium Income Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc. It is managed by Madison Asset Management, LLC.
The fund invests in the public equity markets of the United States.
It seeks to invest in stocks of companies operating across diversified sectors.
The fund primarily invests in reasonably priced growth (GARP) stocks of large and mid-cap companies.
It also writes covered call options to make its investments.
The fund employs fundamental analysis with a bottom-up stock picking approach, focusing on such factors as PEG ratios (price-earnings ratio to growth rate), financial strength, and industry leadership to create its portfolio.
It benchmarks the performance of its portfolio against the CBOE S&P 500 Buy/Write Index.
The fund conducts in-house research to make its investments.
It was formerly known as Madison/Claymore Covered Call & Equity Strategy Fund.
XAI Madison Equity Premium Income Fund was formed on May 6, 2004 and is domiciled in the United States.
Top 20 Holdings
| Name | Weight |
|---|---|
| T-Mobile US Inc | 4.45% |
| Fiserv Inc | 3.99% |
| Baker Hughes Co Class A | 3.95% |
| The AES Corp | 3.44% |
| Comcast Corp Class A | 3.17% |
| Honeywell International Inc | 3.11% |
| Barrick Gold Corp | 3.07% |
| APA Corp | 2.93% |
| Las Vegas Sands Corp | 2.83% |
| Visa Inc Class A | 2.79% |
| Gilead Sciences Inc | 2.75% |
| JPMorgan Chase & Co | 2.69% |
| CVS Health Corp | 2.67% |
| Adobe Inc | 2.57% |
| Stryker Corp | 2.56% |
| The Home Depot Inc | 2.53% |
| PayPal Holdings Inc | 2.43% |
| BlackRock Inc | 2.39% |
| TJX Companies Inc | 2.31% |
| NextEra Energy Inc | 2.09% |