Nuveen NASDAQ 100 Dynamic Overwrite Fund

QQQX

Market cap $1.36B

A major AI upgrade just crushed software stocks. We're going to cash in with two “volatility-loving” dividends paying 7.5%+.

Nuveen Nasdaq 100 Dynamic Overwrite Fund offers Nasdaq 100 exposure with a dynamic call overwrite strategy, currently trading at an -8.22% NAV discount. QQQX's flexible option overlay and broader index exposure differentiate it from QQQI, which provides a generally simpler approach in an ETF wrapper. QQQX and QQQI have both closely tracked the Nasdaq 100 Index as represented by QQQ, but both have slightly lagged due to the upside cap that call writing funds run.

Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) is rated a buy due to its 10-year low 10% discount to NAV and 8% yield. QQQX offers reliable income with consistent distributions and tax-efficient return of capital, making it ideal for income-focused investors. While QQQX underperforms peers like GPIQ and QQQI in total return, its closed-end structure and long track record provide stability.

By now, it's glaringly obvious: AI is replacing workers. And it's boosting corporate bottom lines as it does.

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The Nuveen Nasdaq 100 Dynamic Overwrite Fund was founded in 2007 and is one of the oldest covered call funds, and has been a consistent wealth building tool since its inception.

The Nuveen NASDAQ 100 Dynamic Overwrite Fund is one of the earlier covered call closed end funds to have launched, having begun in 2007.

Nuveen NASDAQ 100 Dynamic Overwrite Fund offers high income (8.25% yield) and market-matching long-term returns by investing in NASDAQ 100 stocks and writing call options. The fund uses a covered call strategy on large-cap, growth-oriented stocks, limiting upside but reducing volatility and drawdowns. QQQX has a solid record of 18-plus years, providing its owners with high income and reasonable capital appreciation at the same time.

A market on a precipice.