Nuveen S&P 500 Dynamic Overwrite Fund

Frequently Asked Questions About SPXX

What does SPXX invest in?

The Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) operates as a closed-end, equity-indexed mutual fund, sponsored by Nuveen Investments, Inc. It is jointly managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. This fund primarily invests in public equities within the United States, focusing on large-capitalization companies spanning various sectors. As part of its investment strategy, it also employs financial derivatives, such as call options. The fund's core objective is to replicate the performance of the S&P 500 Index. Initially launched on November 11, 2004, and domiciled in the U.S., it was previously known as the Nuveen Equity Premium and Growth Fund.

What is the expense ratio of SPXX?

Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) charges an expense ratio of 0.97%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SPXX?

Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) manages $334.5M 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 SPXX actively managed or an index fund?

SPXX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (SPXX's is 0.97%) because there's no security selection cost.

When was SPXX launched?

Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) launched in November 2005 and is managed by Nuveen.

How has SPXX performed?

SPXX'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.