XAI Madison Equity Premium Income Fund
Sponsor: XA Investments · Inception Aug 2, 2004 · Pays monthly
Market priceShare price
$5.27
-0.28% ($-0.02)
NAVAsset value per share
$6.17
as of Oct 14, 2026 · Nasdaq NAV symbol
Premium / discountPrice vs. assets
14.67% discount *
Indicative: latest price vs latest reported NAV
Distribution rate (price)Payout rate
13.68%
regular, annualised · on NAV 11.67%
Expense ratioAnnual cost
Not reported
no tagged fee table
LeverageBorrowing
Not reported
senior securities not tagged
Quote status: 15-minute delayed · last trade Oct 16, 2026, 3:45 PM EDT (exchange time, ET) · retrieved Oct 16, 2026, 3:45 PM EDTRegular-session prices; extended-hours quotes are not displayed.
Full portfolio as filed on SEC Form N-PORT for the month ending Jun 30, 2026, filed Aug 28, 2026. 81 positions; weights are percent of net assets as reported. Weights sum to 100.0% — leverage, cash, derivatives and short positions mean totals need not equal 100%. This is a historical report, not a live portfolio.
Top 10 holdings
| # | Security | Type | Country | Weight | Value (USD) |
|---|---|---|---|---|---|
| 1 | First American Government Obli | Short-term inv. | United States | 7.72% | $9.9M |
| 2 | Transocean Ltd | Equity | Switzerland | 4.34% | $5.6M |
| 3 | Matador Resources Co | Equity | United States | 3.99% | $5.1M |
| 4 | CVS Health Corp | Equity | United States | 3.91% | $5M |
| 5 | Danaher Corp | Equity | United States | 3.59% | $4.6M |
| 6 | PepsiCo Inc | Equity | United States | 3.58% | $4.6M |
| 7 | APA Corp | Equity | United States | 3.39% | $4.4M |
| 8 | Archer-Daniels-Midland Co | Equity | United States | 3.30% | $4.2M |
| 9 | Las Vegas Sands Corp | Equity | United States | 3.17% | $4.1M |
| 10 | CME Group Inc | Equity | United States | 3.17% | $4.1M |
Asset class
| Asset class | % net assets | Value |
|---|---|---|
| Equity (common) | 94.24% | $121M |
| Short-term investment vehicle | 7.72% | $9.9M |
| Derivative (equity) | -1.96% | $-2.5M |
Country (top 12)
| Country (top 12) | % net assets | Value |
|---|---|---|
| United States | 91.63% | $118M |
| Switzerland | 4.34% | $5.6M |
| Ireland | 4.02% | $5.2M |
Region
| Region | % net assets | Value |
|---|---|---|
| United States | 91.63% | $118M |
| Developed Europe | 8.37% | $10.7M |
Issuer type
| Issuer type | % net assets | Value |
|---|---|---|
| Corporate | 92.28% | $118M |
| Registered fund | 7.72% | $9.9M |
Fair-value level
| Fair-value level | % net assets | Value |
|---|---|---|
| Level 1 | 100.00% | $128M |
| Level 2 | 0.00% | $0 |
Level 3 = valued with unobservable inputs (typically private or illiquid).
Long / short
| Long / short | % net assets | Value |
|---|---|---|
| Long | 101.96% | $131M |
| N/A | -1.96% | $-2.5M |
All allocation percentages use net assets as the denominator (N-PORT convention). A position's share of invested assets may differ from its share of the whole fund including cash and leverage.
All 81 positions
| Security | Identifier | Type | Issuer | Country | Balance | Units | Value (USD) | Weight | FV level |
|---|---|---|---|---|---|---|---|---|---|
| First American Government Obli | 31846V336 | Short-term inv. | RF | United States | 9,903,426 | shares | $9.9M | 7.72% | 1 |
| Transocean Ltd | H8817H100 | Equity | CORP | Switzerland | 1,140,000 | shares | $5.6M | 4.34% | 1 |
| Matador Resources Co | 576485205 | Equity | CORP | United States | 103,000 | shares | $5.1M | 3.99% | 1 |
| CVS Health Corp | 126650100 | Equity | CORP | United States | 48,500 | shares | $5M | 3.91% | 1 |
| Danaher Corp | 235851102 | Equity | CORP | United States | 24,200 | shares | $4.6M | 3.59% | 1 |
| PepsiCo Inc | 713448108 | Equity | CORP | United States | 33,900 | shares | $4.6M | 3.58% | 1 |
| APA Corp | 03743Q108 | Equity | CORP | United States | 133,700 | shares | $4.4M | 3.39% | 1 |
| Archer-Daniels-Midland Co | 039483102 | Equity | CORP | United States | 55,500 | shares | $4.2M | 3.30% | 1 |
| Las Vegas Sands Corp | 517834107 | Equity | CORP | United States | 88,000 | shares | $4.1M | 3.17% | 1 |
| CME Group Inc | 12572Q105 | Equity | CORP | United States | 18,400 | shares | $4.1M | 3.17% | 1 |
| Agilent Technologies Inc | 00846U101 | Equity | CORP | United States | 29,000 | shares | $3.9M | 3.00% | 1 |
| American Tower Corp | 03027X100 | Equity | CORP | United States | 22,500 | shares | $3.7M | 2.87% | 1 |
| Medtronic PLC | G5960L103 | Equity | CORP | Ireland | 47,000 | shares | $3.7M | 2.86% | 1 |
| Visa Inc | 92826C839 | Equity | CORP | United States | 10,600 | shares | $3.6M | 2.83% | 1 |
| Microsoft Corp | 594918104 | Equity | CORP | United States | 8,600 | shares | $3.2M | 2.50% | 1 |
| Synopsys Inc | 871607107 | Equity | CORP | United States | 7,000 | shares | $3.1M | 2.43% | 1 |
| Newmont Corp | 651639106 | Equity | CORP | United States | 33,000 | shares | $3.1M | 2.40% | 1 |
| Colgate-Palmolive Co | 194162103 | Equity | CORP | United States | 33,000 | shares | $3M | 2.36% | 1 |
| FISERV, INC. | 337738108 | Equity | CORP | United States | 60,100 | shares | $2.9M | 2.30% | 1 |
| Constellation Brands Inc | 21036P108 | Equity | CORP | United States | 21,000 | shares | $2.9M | 2.28% | 1 |
| Marsh & McLennan Cos Inc | 571748102 | Equity | CORP | United States | 17,300 | shares | $2.9M | 2.25% | 1 |
| AES Corp/The | 00130H105 | Equity | CORP | United States | 195,000 | shares | $2.9M | 2.23% | 1 |
| Labcorp Holdings Inc | 504922105 | Equity | CORP | United States | 10,000 | shares | $2.8M | 2.18% | 1 |
| Pfizer Inc | 717081103 | Equity | CORP | United States | 116,000 | shares | $2.8M | 2.18% | 1 |
| NextEra Energy Inc | 65339F101 | Equity | CORP | United States | 30,000 | shares | $2.6M | 2.05% | 1 |
| Amazon.com Inc | 023135106 | Equity | CORP | United States | 11,000 | shares | $2.6M | 2.04% | 1 |
| Meta Platforms Inc | 30303M102 | Equity | CORP | United States | 4,600 | shares | $2.6M | 2.02% | 1 |
| Emerson Electric Co | 291011104 | Equity | CORP | United States | 18,000 | shares | $2.6M | 2.01% | 1 |
| T-Mobile US Inc | 872590104 | Equity | CORP | United States | 14,400 | shares | $2.4M | 1.88% | 1 |
| Adobe Inc | 00724F101 | Equity | CORP | United States | 11,600 | shares | $2.4M | 1.85% | 1 |
| PayPal Holdings Inc | 70450Y103 | Equity | CORP | United States | 51,300 | shares | $2.2M | 1.73% | 1 |
| Comcast Corp | 20030N101 | Equity | CORP | United States | 90,000 | shares | $2.2M | 1.72% | 1 |
| Procter & Gamble Co/The | 742718109 | Equity | CORP | United States | 15,000 | shares | $2.2M | 1.71% | 1 |
| Illinois Tool Works Inc | 452308109 | Equity | CORP | United States | 8,000 | shares | $2.2M | 1.69% | 1 |
| Broadcom Inc | 11135F101 | Equity | CORP | United States | 5,500 | shares | $2.1M | 1.62% | 1 |
| Weyerhaeuser Co | 962166104 | Equity | CORP | United States | 82,000 | shares | $2M | 1.53% | 1 |
| NIKE Inc | 654106103 | Equity | CORP | United States | 39,200 | shares | $1.6M | 1.25% | 1 |
| Accenture PLC | G1151C101 | Equity | CORP | Ireland | 12,500 | shares | $1.6M | 1.21% | 1 |
| HONEYWELL TECHNOLOGIES | 438516205 | Equity | CORP | United States | 6,000 | shares | $1.3M | 1.05% | 1 |
| Honeywell Aerospace Inc | 43849R105 | Equity | CORP | United States | 6,000 | shares | $1.3M | 1.03% | 1 |
| Lumen Technologies Inc | 550241103 | Equity | CORP | United States | 124,000 | shares | $952K | 0.74% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -54 | contracts | $0 | 0.00% | 2 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -630 | contracts | $0 | 0.00% | 2 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -242 | contracts | $-407K | -0.32% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -485 | contracts | $-213K | -0.17% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -555 | contracts | $-129K | -0.10% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -82 | contracts | $-119K | -0.09% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -100 | contracts | $-116K | -0.09% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -55 | contracts | $-104K | -0.08% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -80 | contracts | $-103K | -0.08% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -290 | contracts | $-103K | -0.08% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -900 | contracts | $-101K | -0.08% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -601 | contracts | $-101K | -0.08% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -173 | contracts | $-78.7K | -0.06% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -110 | contracts | $-76.7K | -0.06% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -513 | contracts | $-69.8K | -0.05% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -330 | contracts | $-69.3K | -0.05% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -515 | contracts | $-68.2K | -0.05% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -86 | contracts | $-64.7K | -0.05% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -300 | contracts | $-62.6K | -0.05% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -180 | contracts | $-58.5K | -0.05% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -515 | contracts | $-55.4K | -0.04% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -150 | contracts | $-54K | -0.04% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -670 | contracts | $-50.3K | -0.04% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | Ireland | -470 | contracts | $-45.1K | -0.04% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -120 | contracts | $-35.4K | -0.03% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -210 | contracts | $-33.6K | -0.03% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -70 | contracts | $-33.6K | -0.03% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -62 | contracts | $-32.7K | -0.03% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -225 | contracts | $-28.1K | -0.02% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -392 | contracts | $-26.1K | -0.02% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | Ireland | -125 | contracts | $-21.9K | -0.02% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -24 | contracts | $-19.6K | -0.02% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -410 | contracts | $-7.2K | -0.01% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -46 | contracts | $-6.3K | -0.00% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -410 | contracts | $-6.2K | -0.00% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -94 | contracts | $-5.2K | -0.00% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -50 | contracts | $-3.4K | -0.00% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -144 | contracts | $-2.9K | -0.00% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -339 | contracts | $-2K | -0.00% | 1 |
| The Options Clearing Corp | — | Equity deriv. | CORP | United States | -330 | contracts | $-1.8K | -0.00% | 1 |
Equities show share counts; bonds and loans show principal amount. Coupon, maturity and ratings are shown where the filing discloses them. Source: SEC N-PORT via market-data vendor re-serve, position-level.
Holdings reports on file
| Report date | Filed | Positions | Σ weight | Net assets (calc.) | Coverage |
|---|---|---|---|---|---|
| Jun 30, 2026 | Aug 28, 2026 | 81 | 100.0% | $128M | full |
| Mar 31, 2026 | May 28, 2026 | 81 | 100.0% | $136M | full |
| Dec 31, 2025 | Feb 26, 2026 | 85 | 100.0% | $137M | full |
Net assets here are calculated from position values ÷ reported weights (median across positions), not a reported figure.
CEF Explorer research page for XAI Madison Equity Premium Income Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.