Nuveen Nasdaq 100 Dynamic Overwrite Fund: Not Much Of A Strong Buy-Write Performer [Seeking Alpha]
Nuveen NASDAQ 100 Dynamic Overwrite Fund - Closed End Fund (QQQX)
US:NASDAQ Investor Relations:
nuveen.com/cef/product/data.aspx?fundcode=diax
Company Research
Source: Seeking Alpha
Summary At first glance, QQQX looked like a buy-write ETF that might rival QYLD in its ability to produce superior absolute and risk-adjusted performance. However, a closer look at historical returns and management costs painted a less encouraging picture of this fund. Yet, I continue to believe that the quest for producing better risk-adjusted performance amid a challenging market is one worth pursuing. The new year is upon us, bringing with it the prospect of continued stock volatility and what could become a lingering correction cycle. In anticipation, I remain committed to exploring investment strategies that may perform relatively well, even in a not-so-bullish market environment. In December, I discussed the covered call (a.k.a. buy-write) approach to generating portfolio returns through dividend payments and option premiums. Back then, I identified Horizons NASDAQ 100 Covered Call Fund ( QYLD ) as one of the most compelling ETFs in this space, at least to the
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QQQX
Sec Filings
- 4/30/24 - Form N-2ASR
- 3/15/24 - Form N-CEN
- 3/11/24 - Form 3
- QQQX's page on the SEC website