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Madison Covered Call & Equity Income Fund (MENAX) proxy voting record 2026
Three of its ballots from this season. Vote first, then see what it did with the shares your savings paid for.
The question on the ballot
As filed
Madison Funds files this fund's proxy votes with the SEC once a year. This is what it did with the shares your retirement savings paid for.
SourceProxy-voting record filed by Madison Funds on 2026-08-24 · open the filing · vote table (BRD4J3_0001040612_2026.xml, 1.8 MB)
TickersMENAX (Covered Call & Equity Income Fund Class A), MENYX (Covered Call & Equity Income Fund Class Y), MENRX (Covered Call & Equity Income Fund Class R6), MENIX (Covered Call & Equity Income Fund Class I) · share classes of one fund, with one proxy-voting record · as listed in its latest SEC filing of proxy votes
How it voted, by issue
Fund companies sometimes file the same proposal under different subjects. So that funds can be compared, each proposal is counted under the subject most of the filings we read gave it, the same for every fund on this site. Counted by this fund’s own filing alone, 6 of its 32 shareholder proposals would sit under a different issue, or under none. On management's own executive pay resolutions, this fund voted in favour 68.2% of the time across 22 votes.
| Issue | Proposals faced | Backed | Share backed |
|---|---|---|---|
| Climate & environment | 8 | 0 | 0% |
| Workers & human rights | 4 | 0 | 0% |
| Pay equity & inclusion | 1 | 0 | 0% |
| Executive pay | 1 | 0 | 0% |
| Corporate governance | 12 | 6 | 50% |
| Other social issues | 6 | 0 | 0% |
Ballots it voted
Adobe Inc. · 15 April 2026 · put on the ballot by shareholder · Climate & environment
Should Adobe publish a fuller account of its emissions and how it plans to cut them?
Shareholders asked the company to disclose its greenhouse gas emissions more completely, or to have its reduction targets independently assessed, so that the plan can be checked rather than taken on trust.
AGAINST Madison Covered Call & Equity Income Fund voted with 16,600 shares
“Stockholder Proposal Regarding Retirement Plan Climate Risk.”
SourceMadison Funds, Form N-PX filed 2026-08-24 · accession 0001438934-26-001244 · series S000026831 · open the filing
Amazon.com, Inc. · 20 May 2026 · put on the ballot by shareholder · Climate & environment
Should Amazon.com report what its data centres do to its climate commitments?
Shareholders asked for a report on the electricity and water its data-centre build-out consumes, and on whether the growth in that demand can be squared with the emissions targets the company has already committed to.
AGAINST Madison Covered Call & Equity Income Fund voted with 8,300 shares
“SHAREHOLDER PROPOSAL REQUESTING ADDITIONAL REPORTING ON IMPACT OF DATA CENTERS ON CLIMATE COMMITMENTS”
SourceMadison Funds, Form N-PX filed 2026-08-24 · accession 0001438934-26-001244 · series S000026831 · open the filing
Pepsico, Inc. · 6 May 2026 · put on the ballot by shareholder · Workforce & human rights
Should Pepsico assess the human rights risks its own operations create?
Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.
AGAINST Madison Covered Call & Equity Income Fund voted with 51,900 shares
“Shareholder Proposal - Report on Human Rights Oversight.”
SourceMadison Funds, Form N-PX filed 2026-08-24 · accession 0001438934-26-001244 · series S000026831 · open the filing
Microsoft Corporation · 5 December 2025 · put on the ballot by shareholder · Workforce & human rights
Should Microsoft assess the human rights risks its own operations create?
Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.
AGAINST Madison Covered Call & Equity Income Fund voted with 6,200 shares
“Report on Data Operations in Human Rights Hotspots”
SourceMadison Funds, Form N-PX filed 2026-08-24 · accession 0001438934-26-001244 · series S000026831 · open the filing
Adobe Inc. · 15 April 2026 · put on the ballot by shareholder · Pay equity & inclusion
Should Adobe disclose, or change, who sits on its board?
Shareholders asked the company to publish a board skills-and-diversity matrix, or to commit to a minimum representation of women among its directors.
AGAINST Madison Covered Call & Equity Income Fund voted with 16,600 shares
“Stockholder Proposal Regarding Board Matrix.”
SourceMadison Funds, Form N-PX filed 2026-08-24 · accession 0001438934-26-001244 · series S000026831 · open the filing
Adobe Inc. · 15 April 2026 · put on the ballot by shareholder · Executive pay
Should shareholders get a vote before Adobe pays a departing executive?
Shareholders asked the company to seek shareholder approval for any severance package to a senior executive above a set multiple of salary and bonus — so that very large exit payments cannot be agreed by the board alone.
AGAINST Madison Covered Call & Equity Income Fund voted with 16,600 shares
“Stockholder Proposal Regarding Vote on Golden Parachutes.”
SourceMadison Funds, Form N-PX filed 2026-08-24 · accession 0001438934-26-001244 · series S000026831 · open the filing
the Aes Corporation · 29 April 2026 · put on the ballot by shareholder
FOR Madison Covered Call & Equity Income Fund voted with 602,000 shares
“If properly presented, to vote on a non-binding stockholder proposal regarding stockholder ability to call a special meeting.”
SourceMadison Funds, Form N-PX filed 2026-08-24 · accession 0001438934-26-001244 · series S000026831 · open the filing
Pfizer Inc. · 23 April 2026 · put on the ballot by shareholder
Should the person who runs Pfizer also chair the board that supervises them?
Shareholders asked the company to require that the chair of the board be an independent director rather than the chief executive, so that the body overseeing management is not led by the person being overseen.
FOR Madison Covered Call & Equity Income Fund voted with 123,000 shares
“Adopt an Independent Chair Policy”
SourceMadison Funds, Form N-PX filed 2026-08-24 · accession 0001438934-26-001244 · series S000026831 · open the filing
Other funds Madison Funds votes
The same filer reports these alongside this one, in the same annual filing.
No 401(k) plan we index offers this fund. Its record is here because the fund files it with the SEC, as every fund must: whoever holds it, in an IRA, a brokerage account or a plan we have not indexed, the fund votes those shares as shown on this page.