Nuveen S&P 500 Buy-Write Income FundBXMX
BXMX
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 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.
0
Funds holding %
of 7,323 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
4% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 47
0.62% less ownership
Funds ownership: 31.27% [Q4 2024] → 30.65% (-0.62%) [Q1 2025]
5% less funds holding
Funds holding: 168 [Q4 2024] → 160 (-8) [Q1 2025]
8% less capital invested
Capital invested by funds: $456M [Q4 2024] → $419M (-$36.8M) [Q1 2025]
16% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 19
100% less funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 0 (-1) [Q1 2025]
Research analyst outlook
We haven’t received any recent analyst ratings for BXMX.
Financial journalist opinion
Positive
Seeking Alpha
2 days ago
BXMX Delivers Income In Place Of Growth
Nuveen S&P 500 Buy-Write Income Fund offers high income via covered call strategy on the S&P 500 in addition to equity holdings, appealing for income-focused investors seeking equity exposure. The BXMX fund's top holdings in mega-cap tech stocks benefit from strong cloud and AI growth trends, supporting a bullish outlook. BXMX outperforms peer ETV on total returns, boasts a 7.44% yield, and has a competitive management fee and strong liquidity.
Neutral
Seeking Alpha
2 weeks ago
Closed-End Funds: Screening For Potential Opportunities To Kick Off H2 2025
We closed out the first half of 2025, making it an appropriate time to give the overall CEF space a fresh look for potential opportunities. As the broader equity indexes have been performing quite well, discounts in the CEF space have narrowed overall. The best relative value more broadly is in the municipal bond space and the "hybrid" funds.
Positive
Seeking Alpha
2 months ago
BXMX: Solid Alternative For Good Income And Navigating Uncertainties
The Nuveen S&P 500 Buy-Write Income Fund (BXMX) offers a consistent high yield (8.3%) and maintains value over time, making it a solid hold. BXMX focuses on income generation through covered calls, not capital appreciation, and has a relatively low expense ratio of 0.89%. The fund may be deployed with the strategy of swapping to growth-oriented or conservative portfolios based on market conditions.
Positive
Seeking Alpha
2 months ago
BXMX: The Rare Combo Of Capital Preservation And High Income
BXMX offers attractive income potential with an 8.4% dividend yield, supported by a strategic option writing approach and diversified sector exposure. The fund trades at a 9.53% discount to NAV, presenting an attractive accumulation opportunity given its history of capital preservation and consistent performance. BXMX is ideal for income-focused investors, offering tax-efficient distributions and resilience during market declines, despite underperforming traditional ETFs in bull markets.
Neutral
Seeking Alpha
9 months ago
BXMX: A Disappointing 2024 For This Equity CEF
BXMX is a buy-write CEF that underperforms in bull markets but buffers downside in bear markets with high option premiums. The fund's structural features limit upside participation to 2% monthly, making it less suitable for violent equity rallies. BXMX trades at a -9% discount to NAV, with a countercyclical premium/discount feature influenced by market regimes.
Positive
24/7 Wall Street
1 year ago
Need $8,000 Passive Income? Invest $10,000 in These 9 Dividend Stocks
24/7 Wall Street Insights Inflation is alive and thriving; a woman's recent comparison of a 30 item Walmart shopping list between 2020 and 2024 showed a 135.6% inflation price hike and went viral.
Positive
Seeking Alpha
1 year ago
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.
Positive
Seeking Alpha
1 year ago
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.
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.
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.
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