Nuveen Dow 30sm Dynamic Overwrite Fund
A fund replicating the DJIA using a covered call strategy for income and lower volatility.
DIAX | US
Overview
Corporate Details
- ISIN(s):
- N/A
- LEI:
- Country:
- United States of America
- Address:
- 333 WEST WACKER DRIVE, 60606 CHICAGO
- Sector:
- Financial and insurance activities
- Industry:
- Activities of trusts, funds and similar financial entities
Description
The Nuveen Dow 30sm Dynamic Overwrite Fund (DIAX) is a closed-end fund managed by Nuveen. The fund's investment objective is to deliver an attractive total return with less volatility than the Dow Jones Industrial Average (DJIA), while offering regular distributions to shareholders. It implements a dynamic 'buy-write' or 'covered call' strategy by investing in a portfolio of equity securities that seeks to replicate the price performance of the DJIA. Concurrently, the fund writes call options on a varying percentage of its portfolio to generate additional income from option premiums, which helps to supplement distributions and cushion against market declines.
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Filings
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Market Data
Market Data Not Available
Financials & KPIs
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Insider Transactions
| Date | Insider Name | Position | Type | Shares | Value |
|---|---|---|---|---|---|
| No insider transactions recorded for this company. | |||||