# Portfolio overlap — MENAX vs DFMAX

Comparing **Madison Covered Call & Equity Income Fund** (2026-04-30) and **Davidson Multi-Cap Equity Fund** (2026-03-31).

- Shared positions: 9
- Madison Covered Call & Equity Income Fund covered by Davidson Multi-Cap Equity Fund: 0.1599135127504622956997228916
- Davidson Multi-Cap Equity Fund covered by Madison Covered Call & Equity Income Fund: 0.1599135127504622956997228916

## Madison Covered Call & Equity Income Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| State Street Navigator Securities Lending Portfolio II | 0.134466 |  |
| TRANSOCEAN LTD | 0.079319 |  |
| MATADOR RESOURCES COMPANY | 0.059461 |  |
| PEPSICO INC | 0.056275 |  |
| APA CORP | 0.054309 |  |
| MICROCHIP TECHNOLOGY | 0.049580 |  |
| ARCHER DANIELS MIDLAND CO | 0.048956 |  |
| CVS HEALTH CORP | 0.044503 |  |
| CONSTELLATION BRANDS INC CL A | 0.034386 | ✓ |
| MARSH & MCLENNAN | 0.030176 |  |
| AES CORP | 0.029855 |  |
| MICROSOFT CORP | 0.028456 | ✓ |
| ADOBE INC | 0.027949 |  |
| MEDTRONIC PLC | 0.026867 | ✓ |
| PAYPAL HOLDINGS | 0.026242 | ✓ |
| BROADCOM INC | 0.025702 | ✓ |
| T-MOBILE US INC | 0.024476 | ✓ |
| LAS VEGAS SANDS CORP | 0.022790 |  |
| PFIZER INC | 0.022468 |  |
| DANAHER CORP | 0.021425 |  |
| WEYERHAEUSER CO | 0.020969 |  |
| VISA INC-CLASS A | 0.019632 | ✓ |
| COLGATE-PALMOLIVE CO | 0.018687 |  |
| HONEYWELL INTL INC | 0.017596 | ✓ |
| CME GROUP INC CL A | 0.017131 |  |
| ACCENTURE PLC CL A | 0.016016 |  |
| AMAZON.COM INC | 0.015051 | ✓ |
| FISERV INC | 0.014359 |  |
| NIKE INC CL B | 0.012898 |  |

## Davidson Multi-Cap Equity Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| AMAZON.COM INC | 0.047474 | ✓ |
| ALPHABET INC CL C | 0.047346 |  |
| NVIDIA CORP | 0.045213 |  |
| MICROSOFT CORP | 0.043200 | ✓ |
| APPLE INC | 0.041016 |  |
| TAIWAN SEMIC MFG CO LTD SP ADR | 0.030190 |  |
| CITIGROUP INC | 0.027208 |  |
| META PLATFORMS INC CL A | 0.023780 |  |
| EATON CORP PLC | 0.023218 |  |
| BROADCOM INC | 0.023100 | ✓ |
| CHEVRON CORP | 0.022695 |  |
| GOLDMAN SACHS GROUP INC | 0.021442 |  |
| HONEYWELL INTL INC | 0.020863 | ✓ |
| RTX CORP | 0.020666 |  |
| WALMART INC | 0.020640 |  |
| THE CIGNA GROUP | 0.020601 |  |
| VISA INC-CLASS A | 0.020593 | ✓ |
| NETFLIX INC | 0.020061 |  |
| FEDEX CORP | 0.020020 |  |
| HYATT HOTELS CORP CL A | 0.019773 |  |
| ARISTA NETWORKS INC | 0.019346 |  |
| GILDAN ACTIVEWEAR INC | 0.019306 |  |
| EOG RESOURCES INC | 0.019109 |  |
| ASTRAZENECA PLC | 0.018051 |  |
| OTIS WORLDWIDE CORP | 0.018050 |  |
| VERTEX PHARMACEUTICALS INC | 0.017365 |  |
| HOME DEPOT INC | 0.016645 |  |
| CORTEVA INC | 0.016195 |  |
| SEMPRA ENERGY | 0.016190 |  |
| T-MOBILE US INC | 0.016034 | ✓ |
| THERMO FISHER SCIENTIFIC INC | 0.015434 |  |
| EXELON CORP | 0.015388 |  |
| CONSTELLATION BRANDS INC CL A | 0.015194 | ✓ |
| LABCORP HOLDINGS INC | 0.015123 |  |
| MEDTRONIC PLC | 0.015048 | ✓ |
| AGNC INVESTMENT CORP | 0.014145 |  |
| BRISTOL-MYERS SQUIBB CO | 0.014042 |  |
| PALO ALTO NETWORKS INC | 0.013715 |  |
| CUBESMART | 0.013416 |  |
| PROGRESSIVE CORP OHIO | 0.012958 |  |
| INTUIT INC | 0.012855 |  |
| DYNATRACE INC | 0.012641 |  |
| SALESFORCE INC | 0.012290 |  |
| CAMDEN PROP TR | 0.012123 |  |
| HB FULLER CO | 0.010274 |  |
| GLACIER BANCORP INC | 0.009963 |  |
| PAYPAL HOLDINGS | 0.009803 | ✓ |
| BELLRING BRANDS INC | 0.009523 |  |
| WASHINGTON FEDERAL INC | 0.008109 |  |
| SILICON LABS | 0.008006 |  |


## Sources

- N-PORT (fund A) — accession `0001410368-26-064087` (as of 2026-04-30)
  <https://www.sec.gov/Archives/edgar/data/1040612/000141036826064087/0001410368-26-064087-index.htm>
- N-PORT (fund B) — accession `0001193125-26-243588` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1027596/000119312526243588/0001193125-26-243588-index.htm>

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