Nuveen NASDAQ 100 Dynamic Overwrite Fund
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About
Nuveen NASDAQ 100 Dynamic Overwrite Fund operates as a diversified closed-end management investment company that seeks to provide attractive total return with less volatility than the NASDAQ 100 Index. The fund, managed by Nuveen Fund Advisors, LLC, pursues its investment objective by investing in an equity portfolio that substantially replicates the price movements of the NASDAQ 100 Index while also implementing an option overwrite strategy. This strategy involves writing (selling) call options on 35% to 75% of the notional value of the fund's equity portfolio to generate additional income from option premiums. The fund provides investors with exposure to the technology-heavy NASDAQ 100 constituents, which include many of the largest non-financial companies listed on the NASDAQ stock exchange, while seeking to reduce portfolio volatility and enhance income through its options strategy. As a closed-end fund, QQQX trades on the NASDAQ exchange and may trade at a premium or discount to its net asset value. The fund distributes income to shareholders through regular quarterly distributions. Nuveen, the fund's advisor, is a leading global investment manager with extensive experience in managing income-focused strategies and represents the asset management arm of TIAA, bringing institutional investment capabilities to individual investors.