Nuveen S&P 500 Dynamic Overwrite Fund (SPXX)

• Market cap: $308M
• 1 day: 1.00%
• 5 days: -1.27%
• 1 month: -0.23%
• 3 months: 3.93%
• 6 months: 6.85%
• Year to date: 15.55%
• 1 year: 15.78%
• 5 years: 5.34%
• 10 years: 17.84%

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 35%-75% of the notional value of the Fund's equity portfolio (with a 55% long-term target) in an effort to enhance the Fund's risk-adjusted returns.

Fund manager confidence

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

62% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 13

4% less capital invested

Capital invested by funds: $70M [Q2] → $67.3M (-$2.72M) [Q3]

1.53% less ownership

Funds ownership: 23.85% [Q2] → 22.32% (-1.53%) [Q3]

8% less funds holding

Funds holding: 53 [Q2] → 49 (-4) [Q3]

57% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 7