Madison Strategic Sector Prem:MSP

    Overview

    As of 9/1/2015

     Share
    Price
    NAVPremium/
    Discount
    Current$10.78$12.71-15.18%
    52 Wk Avg$12.07$13.73-12.09%
    52 Wk High$12.99$14.36-9.49%
    52 Wk Low$10.55$12.25-15.49%
    Regular Distribution TypeManaged Distribution
    Distribution Rate9.59%
    Distribution Amount$0.2600
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks high current income and current gains with long term capital appreciation through investment in common stocks of large and mid capitalization issuers and through utilizing a covered call and options strategy

    Capital Structure

    As of 9/1/2015

    Total Net Assets:$73.696M
    Total Common Assets:$73.696M
    Common Shares Outstanding:5,798,291
    Leverage

    As of

    Preferred Share Assets:
    Type of Preferred:
    Total Debt (USD):
    Structural Leverage (USD):
    Structural Leverage (%):
    Effective Leverage (USD):
    Effective Leverage (%):
    Preferred Share Rates
    Date Symbol Series Rate Shares
    Annual Expense Ratios

    As of 12/31/2014

      Per Common Share
    Management Fees0.80%
    Other Expenses:0.00%
    Baseline Expense: 0.80%
    Interest Expense:0.00%
    Total: 0.80%

    Fund Management

    Fund Sponsor
    Madison Asset Management, LLC

    Portfolio Managers
    Frank E. Burgess (26 Apr 2005)

    Basics
    Category:US Equity-Covered Call
    Ticker:MSP
    NAV Ticker:XMSPX
    Average Daily Volume (shares):
    Average Daily Volume (USD): 
    Inception Date:4/26/2005
    Inception Share Price:$20.00
    Inception NAV:$19.06
    Tender Offer:Yes
    Term:No
    Fiscal Year End:December 31
    Third Party Links & Reports

    Distributions

    As of 9/1/2015

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 6/30/2015
    $0.0038
    Annualized Distribution Rate on NAV:
    As of 9/1/2015
    8.16%
    Total Return on NAV (12 months):
    As of 9/1/2015
    -4.49%
    Avg. UNII Per Share:
    As of 6/30/2015
    -$0.4972
    Total % Portfolio Effectively Leveraged:
    As of 9/1/2015

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 9/1/2015

    PeriodAvg Discount
    6 Month-12.70%
    1 Year-12.09%
    3 Year-12.02%
    5 Year-11.73%
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/1/2015
    Category: Covered Call

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-5.18%-3.64%0.69%-0.62%
    20147.93%6.35%5.35%3.92%
    201317.77%16.82%21.90%18.23%
    201214.16%9.69%14.73%11.17%
    2011-9.13%-2.59%-9.10%-0.98%
    201014.04%9.74%3.25%7.91%
    200956.67%41.58%42.80%22.56%
    2008-36.07%-31.77%-30.80%-28.52%
    2007-16.95%-5.21%-5.51%8.69%
    200611.39%12.00%27.36%13.89%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 9/1/2015
    Category: Covered Call

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 7/31/2015
    47
    Annual Portfolio Turnover:
    As of 12/31/2014
    111.00%
    Asset Allocation

    As of 6/30/2015 reported by Fund Sponsor

    Top Sectors

    As of 6/30/2015 reported by Fund Sponsor

    Sector%Portfolio
    General Equity 79.29%
    Investment Funds 9.20%
    Debt - Agency 8.92%
    Debt - Short 7.58%
    Derivatives (War Opt Fut)1.47%
    Net Current Assets -6.47%
    Top Holdings

    As of 7/31/2015 reported by Fund Sponsor

    HoldingValue% Portfolio
    Ssc Government Gvmxx El Ssc Gov K161gvmx 03 Aug 2015$8.37M10.82%
    US Treasury Bill 0.36 24 Sep 2015$7.00M9.04%
    SPDR S&P 500$2.42M3.13%
    SPDR Gold Shares$2.31M2.98%
    PowerShares QQQ$2.29M2.96%
    Apple, Inc.$2.06M2.66%
    T. Rowe Price Group$2.00M2.58%
    Verizon Communications Inc$1.99M2.57%
    Priceline.com, Inc.$1.99M2.57%
    J.M. Smucker Co.$1.82M2.35%
    Progressive Corporation$1.81M2.34%
    Country Allocation

    As of 6/30/2015 reported by Fund Sponsor

    Country% Portfolio
    USA 100.00%

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    NOTES:

    Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    Data provided by MorningstarData Provided by Morningstar