Nuveen S&P 500 Buy-Write Income Fund (BXMX)

• Market cap: $1.42B
• 1 day: 1.03%
• 5 days: -1.44%
• 1 month: -1.30%
• 3 months: 1.94%
• 6 months: 3.48%
• Year to date: 6.71%
• 1 year: 9.00%
• 5 years: -0.22%
• 10 years: 9.27%

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.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

2% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 41

4% less funds holding

Funds holding: 155 [Q2] → 149 (-6) [Q3]

9.86% less ownership

Funds ownership: 40.51% [Q2] → 30.65% (-9.86%) [Q3]

24% less capital invested

Capital invested by funds: $570M [Q2] → $431M (-$138M) [Q3]

30% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 20

100% less funds holding in top 10

Funds holding in top 10: 2 [Q2] → 0 (-2) [Q3]