# Nuveen Dow 30 Dynamic Overwrite Fund (DIAX): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/diax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Nuveen · Asset class: Equity - Strategy: Actively Managed · Inception: 2014-12-03 The Nuveen Dow 30 Dynamic Overwrite Fund is a closed-end equity mutual fund, established by Nuveen Investments, Inc. and jointly overseen by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. This fund, domiciled in the U.S. and created on April 29, 2005 (formerly known as Dow 30 Premium & Dividend Income Fund Inc.), primarily allocates capital to large-cap companies across diversified sectors within the American public equity markets. Its strategy incorporates the use of call options, with the overarching goal of mirroring the performance of the Dow Jones Industrial Average. ## Key Facts | Metric | Value | |---|---| | Price | $14.10 | | Expense Ratio | 0.93% | | Market Value | $512.8M | | NAV | Not on file (no daily NAV for closed-end funds) | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Quarterly | | 52-Week Range | $12.42 – $15.85 | | Beta | 0.73 | ## Latest Distribution - Amount: $0.3010 /share - Ex-date: 2026-03-13 - Pay date: 2026-04-01 ## Frequently Asked Questions ### What does DIAX invest in? The Nuveen Dow 30 Dynamic Overwrite Fund is a closed-end equity mutual fund, established by Nuveen Investments, Inc. and jointly overseen by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. This fund, domiciled in the U.S. and created on April 29, 2005 (formerly known as Dow 30 Premium & Dividend Income Fund Inc.), primarily allocates capital to large-cap companies across diversified sectors within the American public equity markets. Its strategy incorporates the use of call options, with the overarching goal of mirroring the performance of the Dow Jones Industrial Average. ### What is the expense ratio of DIAX? Nuveen Dow 30 Dynamic Overwrite Fund (DIAX) charges an expense ratio of 0.93%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is DIAX? Nuveen Dow 30 Dynamic Overwrite Fund (DIAX) has a market value of $512.8M: its share price times its shares outstanding. A closed-end fund trades above or below its net asset value, so its net assets differ from this figure. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is DIAX actively managed or an index fund? DIAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (DIAX's is 0.93%) in exchange for the discretion to over- or under-weight positions. ### When was DIAX launched? Nuveen Dow 30 Dynamic Overwrite Fund (DIAX) launched in December 2014 and is managed by Nuveen. ### How has DIAX performed? DIAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does DIAX pay a dividend? Nuveen Dow 30 Dynamic Overwrite Fund (DIAX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does DIAX pay dividends? Nuveen Dow 30 Dynamic Overwrite Fund pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is DIAX's dividend yield? DIAX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is DIAX's next ex-dividend date? The most recently announced ex-dividend date for DIAX was 2026-03-13. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will DIAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.93% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does DIAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from DIAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does DIAX cost more than a fund like VOO? DIAX is actively managed (current expense ratio 0.93%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether DIAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to DIAX? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as DIAX (0.93%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/diax - Distribution history: https://www.dividenddata.com/funds/diax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/diax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/diax/expenses - Peer comparison: https://www.dividenddata.com/funds/diax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.