XAI Madison Equity Premium Income Fund

XAI Madison Equity Premium Income Fund is a closed-ended equity mutual fund that invests in the public equity markets of the United States. Launched by Madison Investment Holdings, Inc. and managed by Madison Asset Management, LLC, the fund seeks to invest in stocks of companies operating across diversified sectors. Its primary investment strategy involves reasonably priced growth (GARP) stocks of large and mid-cap companies. The fund also writes covered call options as part of its investment approach. It employs fundamental analysis with a bottom-up stock picking approach, focusing on factors such as PEG ratios (price-earnings ratio to growth rate), financial strength, and industry leadership to construct its portfolio. The fund benchmarks its portfolio performance against the CBOE S&P 500 Buy/Write Index and conducts in-house research for its investments. 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.