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Nuveen Dow 30SM Dynamic Overwrite Fund (N:DIAX)

Business Focus: Closed End Funds

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).