JCE icon

Nuveen Core Equity Alpha Fund

15.49 USD
+0.26
1.71%
At close Dec 20, 4:00 PM EST
1 day
1.71%
5 days
-1.02%
1 month
0.72%
3 months
2.79%
6 months
7.35%
Year to date
14.57%
1 year
17.44%
5 years
7.12%
10 years
-13.46%
 

About: Nuveen Core Equity Alpha Fund is a diversified closed-end management investment company. Its investment objective is to provide an attractive level of total return, through long-term capital appreciation and through income and gains. The Fund invests in a portfolio of actively managed large-capitalization U.S. common stocks, using the sub-adviser's proprietary quantitative process designed to provide the potential for long-term outperformance. Additionally, the Fund seeks to reduce the volatility of its returns relative to the returns of the Equity Portfolio over extended periods by writing (selling) index call options and/or call options on custom baskets of securities (the Options Strategy).

0
Funds holding %
of 6,809 funds
Analysts bullish %

Fund manager confidence

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

163% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 8

67% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 3

4% more funds holding

Funds holding: 45 [Q2] → 47 (+2) [Q3]

3.42% more ownership

Funds ownership: 19.69% [Q2] → 23.11% (+3.42%) [Q3]

0% less capital invested

Capital invested by funds: $47.6M [Q2] → $47.5M (-$146K) [Q3]

Research analyst outlook

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

Financial journalist opinion

Negative
Seeking Alpha
2 months ago
JCE: 5 Reasons Why I Would Not Hold This CEF
The Nuveen Core Equity Alpha Fund is a closed-end fund that employs a covered call selling strategy. The fund is rated a Hold by most Seeking Alpha analysts, but I disagree with this view. JCE has delivered disappointing historical risk-adjusted performance relative to passive investment options.
JCE: 5 Reasons Why I Would Not Hold This CEF
Positive
24/7 Wall Street
3 months ago
Need $15,000 Passive Income? Buy These Dividend Stocks
24/7 Wall Street Insights Closed-End Mutual Funds (CEF) trade like stocks but provide comparable performance to their Open-End Mutual Fund cousins and may have additional advantages.
Need $15,000 Passive Income? Buy These Dividend Stocks
Neutral
Seeking Alpha
6 months ago
JCE: 3 Reasons We're Avoiding This Equity CEF
The Nuveen Core Equity Alpha Fund invests in large cap U.S. stocks while selling call options to manage risk. The fund has delivered a positive return in 2024, but historically underperforms benchmarks. We offer our opinion of the fund in the context of its stated strategy.
JCE: 3 Reasons We're Avoiding This Equity CEF
Positive
24/7 Wall Street
8 months ago
Want $2000 In Passive Income? Invest $1000 Into These Dividend Stocks
Naturally, one should monitor their portfolio on a regular basis in case there are any news events or market circumstances that can affect a stock price or its dividend adversely.
Neutral
Business Wire
8 months ago
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
Neutral
Business Wire
9 months ago
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
Neutral
Seeking Alpha
11 months ago
JCE: Valuation Stays Around Fair Value
Nuveen Core Equity Alpha Fund provides exposure to large-cap companies and uses a call-writing strategy to generate options premiums for distributions and potentially dampen volatility. The JCE closed-end fund's discount/premium seems to have somewhat stabilized, but it's around the longer-term average, making it appear fairly valued. The JCE fund offers a relatively high distribution rate, but the distribution is largely covered by capital gains, which can come under pressure in a down market.
JCE: Valuation Stays Around Fair Value
Negative
Seeking Alpha
11 months ago
JCE: Falling Behind In A Low Vol World
Nuveen Core Equity Alpha Fund has underperformed the S&P 500 by almost 50% due to its option overlay strategy and low volatility levels. The low volatility environment has resulted in low option premiums, which do not adequately compensate JCE for market moves. Investing in the S&P 500 outright or choosing a different closed-end fund without an option overlay may be a better choice in the current low VIX environment.
JCE: Falling Behind In A Low Vol World
Neutral
Business Wire
11 months ago
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
Charts implemented using Lightweight Charts™