Nuveen S&P 500 Dynamic Overwrite FundSPXX
SPXX
About: Nuveen S&P 500 Dynamic Overwrite Fund is a diversified closed-end management investment company. Its investment objective is to seek attractive total returns with less volatility than the S&P 500 Index by investing in a U.S. equity portfolio that seeks to substantially replicate the price movements of the S&P 500 Index, as well as selling call options on approximately 35%-75% of the notional value of the Fund's equity portfolio in an effort to enhance the Fund's risk-adjusted returns.
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
2% more capital invested
Capital invested by funds: $67.3M [Q3] → $68.4M (+$1.11M) [Q4]
0.84% less ownership
Funds ownership: 22.32% [Q3] → 21.49% (-0.84%) [Q4]
7% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 15
2% less funds holding
Funds holding: 50 [Q3] → 49 (-1) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for SPXX.
Financial journalist opinion
Neutral
Seeking Alpha
1 month ago
Consider SPXX For The Coming Bear Market In Stocks
Retirees should consider defensive investments like dividend-generating funds instead of growth stocks, especially during market downturns. The Nuveen S&P 500 Dynamic Overwrite Fund offers a strategy to generate income through covered calls, providing a 7.8% yield. SPXX limits downside risk while capturing upside potential, making it a safer bet in volatile markets compared to higher-yield, higher-volatility funds.
Positive
Forbes
2 months ago
This 7.6% Dividend Can Protect Your Wealth From A Trade War
Trade tensions ratcheted up to 11 this week, and I know that for many readers the wild swings we're seeing can feel sickening.
Positive
Seeking Alpha
5 months ago
SPXX: Key Considerations Before Investing
Nuveen S&P 500 Dynamic Overwrite Fund uses a buy-write strategy to generate income, offering a 6.7% distribution yield by writing call options on the S&P 500. SPXX's strategy caps upside potential, making it suitable for income-focused investors but less ideal for those seeking long-term capital appreciation. The fund underperformed the S&P 500 index over the past decade, delivering 140% ROI compared to the index's 240% due to its capped gains.
Positive
Forbes
8 months ago
Don't Go Into The Next Market Crash Without These 7%+ Dividends
We've seen more choppiness in the markets in the last couple of weeks. That once again highlights why we should—dare I say need to—own one of the lowest-volatility, highest-paying investments I know of.
Negative
Seeking Alpha
10 months ago
SPXX: Downgrade On Market Valuations
Nuveen S&P 500 Dynamic Overwrite Fund writes call options on the S&P 500 Index to deliver attractive distributions. The SPXX fund has exceeded expectations in recent months, delivering 65% upside capture since December. While its 9% discount to NAV remains attractive, I worry the fund does not offer enough downside protection given stretched valuations in equity markets.
Negative
Forbes
1 year ago
Don't Let Media-Driven Fears Keep You From These 7%+ Dividends
It's starting again—the media has its hooks into a new story to scare investors, in yet another effort to gain attention.
Neutral
Business Wire
1 year 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.
Positive
Seeking Alpha
1 year ago
SPXX: S&P 500 Covered Call CEF, Strong 7.6% Yield, Good 9.2% Discount
Covered call funds offer investors strong distribution yields, albeit lower potential capital gains. SPXX is a simple S&P 500 covered call CEF overwriting 50% of its portfolio, and with a 7.6% yield. It trades with a 9.2% discount, a key advantage relative to peers.
Neutral
Business Wire
1 year 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.
Positive
Forbes
1 year ago
Why ETF Yields Could Crash, And These 8%+ Payers Will Soar
This market bounce is strangling the payouts on everybody's favorite ETFs. But it's also given us a sweet setup to grab another group of funds kicking out big dividends, to the tune of 9%+ yields.
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