MCNETF / FundXAI Madison Equity Premium Income Fund
Verdicts genuinely change. Free email alert the moment MCN's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
XAI Madison Equity Premium Income Fund
81 holdings · as of 2026-06-30 (4.1 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 105% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 47.18% of portfolio weight is in non-compliant holdings, over the 5% threshold.
81 holdings, 39 matched (90% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
3.49% of this portfolio’s income is non-permissible — weighted across holdings, computed over 88% of portfolio weight (38 of 81 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
38.4% compliant 6.3% questionable 45.0% non-compliant 10.3% unscreened
All holdings (81)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| First American Government Obli | UNSCREENED | 7.79% | no in-house ratios for this holding |
| RIG Transocean Ltd | NON_COMPLIANT | 4.38% | AAOIFI78.3% Usmani33.8% Dow Jones Islamic118.5% S&P Shariah113.6% MSCI Islamic33.8% MSCI Islamic M-Series113.6% FTSE Shariah33.8% |
| MTDR Matador Resources Co | NON_COMPLIANT | 4.03% | AAOIFI57.6% Usmani31.2% Dow Jones Islamic69.1% S&P Shariah66.4% MSCI Islamic31.2% MSCI Islamic M-Series66.4% FTSE Shariah31.2% |
| CVS CVS Health Corp | NON_COMPLIANT | 3.95% | AAOIFI61.7% Usmani30.1% Dow Jones Islamic84.9% S&P Shariah88.7% MSCI Islamic30.1% MSCI Islamic M-Series88.7% FTSE Shariah24.2% |
| DHR Danaher Corp | COMPLIANT | 3.62% | AAOIFI18.2% Usmani28.8% Dow Jones Islamic17.7% S&P Shariah16.7% MSCI Islamic28.8% MSCI Islamic M-Series16.7% FTSE Shariah28.8% |
| PEP PepsiCo Inc | COMPLIANT | 3.61% | AAOIFI23.4% Usmani39.4% Dow Jones Islamic22.7% S&P Shariah22.0% MSCI Islamic39.4% MSCI Islamic M-Series22.0% FTSE Shariah39.4% |
| APA APA Corp | NON_COMPLIANT | 3.42% | AAOIFI25.9% Usmani21.6% Dow Jones Islamic42.6% S&P Shariah41.4% MSCI Islamic21.6% MSCI Islamic M-Series41.4% FTSE Shariah20.8% |
| ADM Archer-Daniels-Midland Co | COMPLIANT | 3.33% | AAOIFI21.9% Usmani16.7% Dow Jones Islamic31.3% S&P Shariah30.5% MSCI Islamic16.7% MSCI Islamic M-Series30.5% FTSE Shariah14.2% |
| LVS Las Vegas Sands Corp | NON_COMPLIANT | 3.20% | AAOIFI53.8% Usmani76.7% Dow Jones Islamic44.9% S&P Shariah45.0% MSCI Islamic76.7% MSCI Islamic M-Series45.0% FTSE Shariah76.7% |
| CME CME Group Inc | NON_COMPLIANT | 3.20% | AAOIFI0.4% Usmani0.2% Dow Jones Islamic2.3% S&P Shariah2.5% MSCI Islamic0.2% MSCI Islamic M-Series2.5% FTSE Shariah0.0% |
| A Agilent Technologies Inc | COMPLIANT | 3.03% | AAOIFI9.3% Usmani28.3% Dow Jones Islamic10.8% S&P Shariah10.7% MSCI Islamic28.3% MSCI Islamic M-Series10.7% FTSE Shariah28.3% |
| AMT American Tower Corp | NON_COMPLIANT | 2.89% | AAOIFI52.7% Usmani71.1% Dow Jones Islamic52.4% S&P Shariah52.4% MSCI Islamic71.1% MSCI Islamic M-Series52.4% FTSE Shariah58.8% |
| MDT Medtronic PLC | COMPLIANT | 2.89% | AAOIFI24.4% Usmani31.5% Dow Jones Islamic26.4% S&P Shariah27.4% MSCI Islamic31.4% MSCI Islamic M-Series27.4% FTSE Shariah30.2% |
| V Visa Inc | COMPLIANT | 2.86% | AAOIFI3.5% Usmani25.2% Dow Jones Islamic15.5% S&P Shariah16.7% MSCI Islamic25.2% MSCI Islamic M-Series16.7% FTSE Shariah25.2% |
| MSFT Microsoft Corp | QUESTIONABLE | 2.52% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| SNPS Synopsys Inc | COMPLIANT | 2.46% | AAOIFI14.4% Usmani22.7% Dow Jones Islamic13.2% S&P Shariah13.2% MSCI Islamic22.7% MSCI Islamic M-Series13.2% FTSE Shariah21.0% |
| NEM Newmont Corp | COMPLIANT | 2.42% | AAOIFI3.8% Usmani8.8% Dow Jones Islamic6.1% S&P Shariah7.4% MSCI Islamic8.8% MSCI Islamic M-Series7.4% FTSE Shariah8.8% |
| CL Colgate-Palmolive Co | COMPLIANT | 2.38% | AAOIFI10.5% Usmani46.6% Dow Jones Islamic11.2% S&P Shariah11.2% MSCI Islamic46.6% MSCI Islamic M-Series11.2% FTSE Shariah46.6% |
| FISV FISERV, INC. | NON_COMPLIANT | 2.32% | AAOIFI99.4% Usmani34.6% Dow Jones Islamic38.9% S&P Shariah36.9% MSCI Islamic34.6% MSCI Islamic M-Series36.9% FTSE Shariah34.5% |
| STZ Constellation Brands Inc | NON_COMPLIANT | 2.30% | AAOIFI49.1% Usmani49.0% Dow Jones Islamic38.2% S&P Shariah33.6% MSCI Islamic49.0% MSCI Islamic M-Series33.6% FTSE Shariah46.1% |
| MRSH Marsh & McLennan Cos Inc | NON_COMPLIANT | 2.27% | AAOIFI24.1% Usmani35.8% Dow Jones Islamic22.1% S&P Shariah22.2% MSCI Islamic35.8% MSCI Islamic M-Series22.2% FTSE Shariah32.7% |
| AES AES Corp/The | NON_COMPLIANT | 2.25% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| LH Labcorp Holdings Inc | COMPLIANT | 2.20% | AAOIFI25.4% Usmani36.5% Dow Jones Islamic31.6% S&P Shariah33.5% MSCI Islamic36.2% MSCI Islamic M-Series33.5% FTSE Shariah31.6% |
| PFE Pfizer Inc | NON_COMPLIANT | 2.20% | AAOIFI39.8% Usmani31.4% Dow Jones Islamic46.1% S&P Shariah45.9% MSCI Islamic31.4% MSCI Islamic M-Series45.9% FTSE Shariah31.4% |
| NEE NextEra Energy Inc | NON_COMPLIANT | 2.07% | AAOIFI55.9% Usmani44.2% Dow Jones Islamic61.0% S&P Shariah66.0% MSCI Islamic44.2% MSCI Islamic M-Series66.0% FTSE Shariah44.2% |
| AMZN Amazon.com Inc | QUESTIONABLE | 2.06% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| META Meta Platforms Inc | QUESTIONABLE | 2.04% | AAOIFI7.2% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.9% MSCI Islamic25.0% MSCI Islamic M-Series7.9% FTSE Shariah18.6% |
| EMR Emerson Electric Co | COMPLIANT | 2.03% | AAOIFI16.2% Usmani32.7% Dow Jones Islamic19.0% S&P Shariah20.6% MSCI Islamic32.7% MSCI Islamic M-Series20.6% FTSE Shariah31.1% |
| TMUS T-Mobile US Inc | NON_COMPLIANT | 1.90% | AAOIFI18.0% Usmani17.5% Dow Jones Islamic14.6% S&P Shariah15.9% MSCI Islamic16.5% MSCI Islamic M-Series15.9% FTSE Shariah2.9% |
| ADBE Adobe Inc | COMPLIANT | 1.87% | AAOIFI4.5% Usmani22.6% Dow Jones Islamic4.6% S&P Shariah3.8% MSCI Islamic22.6% MSCI Islamic M-Series3.8% FTSE Shariah21.2% |
| PYPL PayPal Holdings Inc | NON_COMPLIANT | 1.74% | AAOIFI22.1% Usmani12.5% Dow Jones Islamic16.3% S&P Shariah16.0% MSCI Islamic12.5% MSCI Islamic M-Series16.0% FTSE Shariah11.7% |
| CMCSA Comcast Corp | NON_COMPLIANT | 1.74% | AAOIFI116.3% Usmani35.1% Dow Jones Islamic144.7% S&P Shariah134.9% MSCI Islamic35.1% MSCI Islamic M-Series134.9% FTSE Shariah35.1% |
| PG Procter & Gamble Co/The | COMPLIANT | 1.73% | AAOIFI8.9% Usmani23.9% Dow Jones Islamic8.5% S&P Shariah8.5% MSCI Islamic23.9% MSCI Islamic M-Series8.5% FTSE Shariah23.2% |
| ITW Illinois Tool Works Inc | COMPLIANT | 1.70% | AAOIFI12.7% Usmani58.8% Dow Jones Islamic13.1% S&P Shariah13.4% MSCI Islamic58.8% MSCI Islamic M-Series13.4% FTSE Shariah58.8% |
| AVGO Broadcom Inc | COMPLIANT | 1.63% | AAOIFI3.8% Usmani32.5% Dow Jones Islamic4.4% S&P Shariah5.5% MSCI Islamic32.5% MSCI Islamic M-Series5.5% FTSE Shariah32.5% |
| WY Weyerhaeuser Co | NON_COMPLIANT | 1.54% | AAOIFI31.3% Usmani32.1% Dow Jones Islamic28.8% S&P Shariah27.4% MSCI Islamic32.1% MSCI Islamic M-Series27.4% FTSE Shariah32.1% |
| NKE NIKE Inc | COMPLIANT | 1.27% | AAOIFI19.4% Usmani28.7% Dow Jones Islamic21.0% S&P Shariah18.2% MSCI Islamic28.7% MSCI Islamic M-Series18.2% FTSE Shariah20.7% |
| ACN Accenture PLC | COMPLIANT | 1.22% | AAOIFI7.7% Usmani12.2% Dow Jones Islamic5.0% S&P Shariah4.7% MSCI Islamic12.2% MSCI Islamic M-Series4.7% FTSE Shariah7.5% |
| HONEYWELL TECHNOLOGIES | UNSCREENED | 1.06% | no in-house ratios for this holding |
| HONA Honeywell Aerospace Inc | NON_COMPLIANT | 1.04% | AAOIFI32.8% Usmani83.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic83.4% MSCI Islamic M-Seriespass FTSE Shariah81.8% |
| LUMN Lumen Technologies Inc | NON_COMPLIANT | 0.75% | AAOIFI193.3% Usmani43.8% Dow Jones Islamic204.7% S&P Shariah270.5% MSCI Islamic43.8% MSCI Islamic M-Series270.5% FTSE Shariah42.9% |
| The Options Clearing Corp | UNSCREENED | 0.32% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.17% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.10% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.09% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.09% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.08% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.08% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.08% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.08% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.08% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.06% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.06% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.05% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.05% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.05% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.05% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.05% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.05% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.04% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.04% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.04% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.04% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.03% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.03% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.03% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.03% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.02% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.02% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.02% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.02% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.01% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.00% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.00% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.00% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.00% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.00% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.00% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.00% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.00% | no in-house ratios for this holding |
| The Options Clearing Corp | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 9 points of portfolio weight — 62.5% of it passes FTSE Shariah, 53.7% passes MSCI Islamic M-Series. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 56.7% ratios fail on 37.3% 10.8% not rated under AAOIFI
ratios pass on 58.0% ratios fail on 36.0% 10.8% not rated under Usmani
ratios pass on 55.9% ratios fail on 38.2% 10.8% not rated under Dow Jones Islamic
ratios pass on 55.4% ratios fail on 38.6% 10.8% not rated under S&P Shariah
ratios pass on 55.5% ratios fail on 38.5% 10.8% not rated under MSCI Islamic
ratios pass on 53.7% ratios fail on 40.4% 10.8% not rated under MSCI Islamic M-Series
ratios pass on 62.5% ratios fail on 31.6% 10.8% not rated under FTSE Shariah
39 of 81 listed holdings carry our own per-methodology verdicts (94% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 38 (92% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| RIG Transocean Ltd | 4.38% |
| MTDR Matador Resources Co | 4.03% |
| CVS CVS Health Corp | 3.95% |
| APA APA Corp | 3.42% |
| LVS Las Vegas Sands Corp | 3.20% |
| CME CME Group Inc | 3.20% |
| AMT American Tower Corp | 2.89% |
| FISV FISERV, INC. | 2.32% |
| STZ Constellation Brands Inc | 2.30% |
| MRSH Marsh & McLennan Cos Inc | 2.27% |
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
XAI Madison Equity Premium Income Fund (MCN) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for MCN — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 60.70 | NEUTRAL |
| Stochastic %K (14) | 84.21 | SELL |
| CCI (20) | 115.75 | SELL |
| Williams %R (14) | -15.79 | SELL |
| MACD (12,26,9) | 0.02 | BUY |
| ROC (10) | 2.66 | BUY |
| Momentum (10) | 0.14 | BUY |
| EMA (10) | 5.35 | BUY |
| SMA (10) | 5.35 | BUY |
| EMA (20) | 5.33 | BUY |
| SMA (20) | 5.30 | BUY |
| EMA (30) | 5.33 | BUY |
| SMA (30) | 5.28 | BUY |
| EMA (50) | 5.35 | BUY |
| SMA (50) | 5.38 | BUY |
| EMA (100) | 5.38 | BUY |
| SMA (100) | 5.39 | BUY |
| EMA (200) | 5.41 | BUY |
| SMA (200) | 5.45 | SELL |
About XAI Madison Equity Premium Income Fund
Financial Services · Asset Management
XAI Madison Equity Premium Income Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc. It is managed by Madison Asset Management, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in reasonably priced growth (GARP) stocks of large and mid-cap companies. It also writes covered call options to make its investments. The fund employs fundamental analysis with a bottom-up stock picking approach, focusing on such factors as PEG ratios (price-earnings ratio to growth rate), financial strength, and industry leadership to create its portfolio. It benchmarks the performance of its portfolio against the CBOE S&P 500 Buy/Write Index. The fund conducts in-house research to make its investments. It was 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.
madisonfunds.com/individual/madison-covered-call-and-equity-strategy-fund ↗
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BULLISH | 41 |
| 🕐 1H | BEARISH | 47 |
| ⏱ 15-Min | BULLISH | 130 |
| ⏲ 5-Min | BULLISH | 234 |
Momentum & Volume
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
Peer Movement
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
What does unrated weight mean?
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
Does the issuer's board make it compliant?
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
How often is this re-screened?
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Compare with
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider Activity (90d)
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-27 · Asset managers net 923449 (+22072)
AI Summary
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.