Nuveen Nasdaq 100 Dynamic Overwrite Fund

Frequently Asked Questions About QQQX

What does QQQX invest in?

The Nuveen Nasdaq 100 Dynamic Overwrite Fund is an equity-focused, closed-end investment vehicle initially established by Nuveen Investments, Inc. Its management is a collaborative effort between Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. The fund primarily allocates capital to publicly traded U.S. equities, specifically concentrating on large-capitalization companies across a diverse array of sectors. An integral part of its strategy involves the utilization of index call options. A core objective is to mirror the performance of the NASDAQ 100 Index. Prior to its current designation, the fund was known as the NASDAQ Premium Income & Growth Fund Inc. It was inaugurated on January 30, 2007, and maintains its domicile within the United States.

What is the expense ratio of QQQX?

Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) charges an expense ratio of 0.89%. This is the annual fee deducted from fund assets to cover management and operations.

What is QQQX's distribution yield?

QQQX's trailing-twelve-month yield is 8.22%, calculated from the sum of distributions over the past year divided by the current price.

How does QQQX's covered-call strategy work?

QQQX sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is QQQX?

Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) manages $1.47B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is QQQX actively managed or an index fund?

QQQX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.