XDIAX

About XDIAX

Nuveen Dow 30 Dynamic Overwrite Fund is a closed-end fund that combines equity investing with an options-based income strategy. Its primary objective is to deliver a high level of current income, with a secondary focus on capital appreciation. The fund achieves this by investing in the 30 blue-chip companies that comprise the Dow Jones Industrial Average, thereby mirroring the performance of these leading U.S. large-cap stocks. To enhance returns and reduce portfolio volatility, the fund systematically writes (sells) covered call options on 35% to 75% of its portfolio, targeting a long-term coverage of around 55%. This overwrite strategy aims to generate additional income from option premiums, which can help smooth out returns, particularly during periods of market uncertainty. The fund’s approach is designed to appeal to investors seeking regular distributions and exposure to established U.S. companies, while aiming for lower volatility than the broader equity market. As a result, Nuveen Dow 30 Dynamic Overwrite Fund holds a distinct position among options-based and equity income funds within the nontraditional equity category.