Sector: Financials | Industry: Closed End Funds |
See Regulatory Filings on SEC |
Company Contact | |
Address: | None CHICAGO MA 00000 |
Tel: | N/A |
Website: | https://www.nuveen.com/CEF/Product/Overview.aspx |
IR: | See website |
Key People | ||
David J. Lamb Principal Executive Officer, Chief Administrative Officer | John M. Mccann Vice President, Assistant Secretary | E. Scott Wickerham Principal Financial Officer, Vice President, Controller |
Brett E. Black Chief Compliance Officer, Vice President | Nathaniel T. Jones Vice President, Treasurer | Mark L. Winget Vice President, Secretary |
Mark J. Czarniecki Vice President, Assistant Secretary | Jeremy D. Franklin Vice President, Assistant Secretary | Diana R. Gonzalez Vice President, Assistant Secretary | Brian H. Lawrence Vice President, Assistant Secretary |
Business Overview |
Nuveen Dow 30SM Dynamic Overwrite Fund is a non-diversified closed-end management investment fund. The Fund's investment objective is to seek attractive total return with less volatility than the Dow Jones Industrial Average (DJIA). The Fund focuses on investing approximately 80% of its assets in the thirty stocks included in the DJIA in approximately the amount such stocks are weighted in the DJIA and/or in other securities or financial instruments with economic characteristics that are similar to the thirty stocks included in the DJIA that are intended to correlate with the price movements of the DJIA. The Fund may also invest in other investment companies, including exchange-traded funds (ETFs). The Fund investments in various sectors, including software, health care providers and services, specialty retail, industrial conglomerates, information technology (IT) services and pharmaceuticals. The Fund's investment advisor is Nuveen Fund Advisors, LLC. |
Financial Overview |
For the fiscal year ended 31 December 2023, Nuveen Dow 30SM Dynamic Overwrite Fund revenues decreased 2% to $12.6M. Net income totaled $42.7M vs. loss of $27.3M. Revenues reflect Securities Lending Income, net decrease of 95% to $2K. Net Income reflects Investments and foreign currency increase from $67.4M (expense) to $31.7M (income), Investments and foreign currency increase from $8.8M to $44.5M (income). |