Nuveen S&P 500 Buy-Write Income Fund
BXMX

$13.19

1.35%

Market Cap: $1.37B

About: Nuveen S&P 500 Buy-Write Income Fund is a diversified closed-ended management investment company based in the United States. Its investment objective is to seek attractive total returns with less volatility. The fund invests its managed assets in a diversified equity portfolio that seeks to substantially replicate price movements of the S&P 500 Index. It also uses an index options strategy of writing (selling) index call options in seeking to moderate the volatility of returns relative to an all-equity portfolio. Its revenue is generated mainly from interest and dividend income.

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Funds holding %

of 6,686 funds

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Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]

31% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 16

3% more funds holding

Funds holding: 148 [Q1] → 153 (+5) [Q2]

9.61% less ownership

Funds ownership: 39.39% [Q1] → 29.78% (-9.61%) [Q2]

14% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 49

23% less capital invested

Capital invested by funds: $543M [Q1] → $419M (-$124M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for BXMX.

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Financial journalist opinion

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BXMX: Discount Widens To A Tempting Level

The Nuveen S&P 500 Buy-Write Income Fund (BXMX) has seen its discount widen substantially, making it a more tempting investment choice. BXMX is a call-writing fund that writes calls against the S&P 500 Index at a target of 100% overwrite. Thanks to the call-writing strategy, the fund offers investors a ~7.5% distribution rate that is paid quarterly.

BXMX: Discount Widens To A Tempting Level

BXMX: Covered Call Fund - A Superior Choice To XYLD

Nuveen S&P 500 Buy-Write Income Fund uses options to reduce volatility and increase income from its portfolio of global equities. The fund's top holdings are primarily large-cap stocks, with calls written on the entire equity portfolio. We tell you why this is a great time to switch to this fund if you own XYLD, a popular covered call ETF.

BXMX: Covered Call Fund - A Superior Choice To XYLD

Six Nuveen Closed-End Funds Announce Availability of 19(a) Notices

NEW YORK--(BUSINESS WIRE)--The 19(a) distribution notices for six Nuveen closed-end funds are now available. These informational notices provide further details on the sources of the funds' regular quarterly distributions and follows the most recent quarterly distribution announcements. The full text of these notices is available below or on the Nuveen website via Distribution Source Estimates. Important Information Regarding Distributions March 28, 2024: THIS NOTICE IS FOR INFORMATIONAL PURPOS.

Six Nuveen Closed-End Funds Announce Availability of 19(a) Notices

Nuveen Closed-End Funds Declare Distributions

NEW YORK--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions, including earnings, undistributed net investment income, and notices, please visit www.nuveen.com/cef. Additionally, several leveraged municipal closed-end funds have announced distribution rate incre.

Nuveen Closed-End Funds Declare Distributions

BXMX: Reliable Income But Don't Expect Any Growth

Nuveen S&P 500 Buy-Write Income Fund focuses on generating income through covered calls, offering a distribution yield of 7.2%. Covered call funds have gained popularity for their ability to generate income in all market conditions. Virtually all of this fund's total returns come from distributions and there is no dividend growth so it will only suit certain investors.

BXMX: Reliable Income But Don't Expect Any Growth

Six Nuveen Closed-End Funds Announce Availability of 19(a) Notices

NEW YORK--(BUSINESS WIRE)--The 19(a) distribution notices for six Nuveen closed-end funds are now available. These informational notices provide further details on the sources of the funds' regular quarterly distributions and follows the most recent quarterly distribution announcements. The full text of these notices is available below or on the Nuveen website via Distribution Source Estimates. Important Information Regarding Distributions December 29, 2023: THIS NOTICE IS FOR INFORMATIONAL PUR.

Six Nuveen Closed-End Funds Announce Availability of 19(a) Notices

Why We Prefer BXMX's 7.7% Yield Over XYLD's 11.3%

BXMX and XYLD write covered calls on the index as an offset to their equity holdings. BXMX is a closed end fund, whereas XYLD is an exchange traded fund. We review them on key characteristics, performance, and yield and provide our pick between the two.

Why We Prefer BXMX's 7.7% Yield Over XYLD's 11.3%

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