Nuveen S&P 500 Dynamic Overwrite Fund

SPXX

Market cap $329M

Overview Fund Activity

18.30 USD

-0.05

0.27%

At close Updated Sep 12, 4:00 PM EDT

1 day

-0.27%

5 days

0.66%

1 month

1.16%

3 months

3.8%

6 months

6.77%

Year to date

4.81%

1 year

9.98%

5 years

36.06%

10 years

40.34%

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.

Financials Asset Management

0

Funds holding %

of 7,462 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

2% less capital invested

Capital invested by funds: $59M [Q1] → $58M (-$1.05M) [Q2]

1.26% less ownership

Funds ownership: 19.45% [Q1] → 18.19% (-1.26%) [Q2]

6% less funds holding

Funds holding: 51 [Q1] → 48 (-3) [Q2]

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

25% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 16

See Fund Rankings

Financial journalist opinion

This 8.5% Dividend Loves A Market Panic

Volatility is back! And we contrarians know what to do: Get ready to buy.

This 8.5% Dividend Loves A Market Panic

SPXX: Much Better Choices Out There

Nuveen S&P 500 Dynamic Overwrite Fund has significantly underperformed its buy-write fund peers, ranking last in total return compared to alternatives like ETY and SPYI. Despite slightly lower drawdowns, SPXX offers little downside protection, mirroring the S&P 500's risks due to its options strategy. The current S&P 500 valuation is historically high, making the macro environment unfavorable for new investments in SPXX.

SPXX: Much Better Choices Out There

When Diversification Fails: This 11.3% Dividend Has A Huge Hidden Cost

The media is still obsessed with the “sell America” trade.

When Diversification Fails: This 11.3% Dividend Has A Huge Hidden Cost

SPXX: Covered Call CEF With Long History Of Stability

SPXX offers a high 7.8% yield using a covered call strategy, making it ideal for investors seeking supplemental income alongside traditional S&P 500 ETFs. The fund's dynamic option writing provides resilience during downturns and steady distributions, but caps upside, leading to long-term underperformance versus SPY. SPXX is best used as a portfolio complement for income, not as a core holding, due to its lower total return compared to traditional index funds.

SPXX: Covered Call CEF With Long History Of Stability

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.

Consider SPXX For The Coming Bear Market In Stocks

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.

This 7.6% Dividend Can Protect Your Wealth From A Trade War

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.

SPXX: Key Considerations Before Investing

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.

Don't Go Into The Next Market Crash Without These 7%+ Dividends

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.

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.

See News Rankings

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