Nuveen Dow 30SM Dynamic Overwrite Fund
DIAX
Market cap $515M

13.84 USD

-0.38

2.67%

At close Jun 13, 4:00 PM EDT

1 day

-2.67%

5 days

-2.60%

1 month

-1.91%

3 months

-3.01%

6 months

-9.07%

Year to date

-7.49%

1 year

-1.56%

5 years

0.44%

10 years

-6.99%

About: Nuveen Dow 30sm Dynamic Overwrite Fund is a non-diversified closed-end management investment company. Its investment objective is to seek attractive total return with less volatility than the Dow Jones Industrial Average by investing in an equity portfolio that seeks to substantially replicate the price movements of the DJIA, as well as selling call options on 35%-75% of the notional value of the Fund's equity portfolio.

Financials Asset Management

0

Funds holding %

of 7,296 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

200% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 6

11% more funds holding

Funds holding: 90 [Q4 2024] → 100 (+10) [Q1 2025]

0.88% less ownership

Funds ownership: 31.91% [Q4 2024] → 31.03% (-0.88%) [Q1 2025]

10% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 31

6% less capital invested

Capital invested by funds: $175M [Q4 2024] → $163M (-$11.3M) [Q1 2025]

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Research analyst outlook

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

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Financial journalist opinion

DIAX: The Covered Call Dilemma

DIAX offers quarterly income through a covered call strategy, capping upside potential for steady income, ideal for income-focused investors. The fund writes call options on the S&P 500 Index, while have a long position in DJIA stocks. DIAX's higher expense ratio (0.93%) and capped growth potential may lead to capital erosion over time, especially if distributions aren't reinvested.

DIAX: The Covered Call Dilemma

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

DIAX: The Basis Is Still There, Keep Avoiding This Buy-Write CEF

Nuveen Dow 30 Dynamic Overwrite Fund is a buy-write CEF that aims to replicate the Dow Jones index. The fund's complex risk factor, the SPY/DIA basis, has hindered its performance and is not properly disclosed. Retail investors would be better off buying DIA outright and writing their own call options rather than investing in DIAX.

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

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

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