Madison Strategic Sector Prem:MSP

    Overview

    As of 9/15/2014

     Share
    Price
    NAVPremium/
    Discount
    Current$12.47$13.96-10.67%
    52 Wk Avg$12.31$13.95-11.77%
    52 Wk High$12.99$14.37-8.37%
    52 Wk Low$11.54$13.45-14.78%
    Regular Distribution Type*Managed Distribution
    Distribution Rate8.33%
    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 9/15/2014

    Total Net Assets:$80.944M
    Total Common Assets:$80.944M
    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 12/31/2013

      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 9/15/2014

    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
    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 6/30/2014
    -$0.0002
    Annualized Distribution Rate on NAV:
    As of 9/15/2014
    7.47%
    Total Return on NAV (12 months):
    As of 9/15/2014
    11.39%
    Avg. UNII Per Share:
    As of 6/30/2014
    -$0.5212
    Total % Portfolio Effectively Leveraged:
    As of 9/15/2014

    Pricing Information

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

    As of 9/15/2014

    PeriodAvg Discount
    6 Month-10.06%
    1 Year-11.77%
    3 Year-12.41%
    5 Year-11.73%
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/15/2014
    Category: Covered Call

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD10.95%6.31%10.18%4.85%
    201317.77%16.82%21.90%18.23%
    201214.16%9.94%14.73%11.17%
    2011-9.13%-2.82%-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%-5.12%-5.51%8.69%
    200611.39%11.65%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 9/15/2014
    Category: Covered Call

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 7/31/2014
    47
    Annual Portfolio Turnover:
    As of 12/31/2013
    111.00%
    Asset Allocation

    As of 6/30/2014 reported by Fund Sponsor

    Top Sectors

    As of 6/30/2014 reported by Fund Sponsor

    Sector%Portfolio
    General Equity 78.24%
    Debt - Short 19.98%
    Debt - Agency 6.14%
    Investment Funds 4.14%
    Derivatives (War Opt Fut)0.45%
    Net Current Assets -8.95%
    Top Holdings

    As of 7/31/2014 reported by Fund Sponsor

    HoldingValue% Portfolio
    Ssc Government Gvmxx El Ssc Gov K161gvmx 01 Aug 2014$15.01M18.42%
    US Treasury Bill 0.01 21 Aug 2014$5.00M6.14%
    Ebay, Inc.$2.69M3.31%
    Costco Wholesale Corporation$2.59M3.17%
    EMC Corporation$2.52M3.09%
    PowerShares QQQ$2.42M2.97%
    SPDR S&P 500$2.41M2.96%
    Amazon.com Inc$2.35M2.88%
    Jacobs Engineering Group$2.13M2.62%
    Discovery Communications, Inc.$2.10M2.58%
    Occidental Petroleum Corporation$2.00M2.46%
    Country Allocation

    As of 6/30/2014 reported by Fund Sponsor

    Country% Portfolio
    USA 100.00%

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