Nuveen NASDAQ 100 Dynamic Overwrite:QQQX

    Manage Alerts

    Overview

    As of 1/21/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$24.50$24.69-0.77%
    52 Wk Avg$22.69$22.73-0.16%
    52 Wk High$24.66$24.773.70%
    52 Wk Low$20.72$20.82-2.47%
    Regular Distribution TypeManaged Distribution
    Distribution Rate6.37%
    Distribution Amount$0.3900
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund intends to pursue its investment objective principally through a two-part strategy, namely The NASDAQ Investment Portfolio and The Option Strategies. Firstly, the Fund will invest, under normal circumstances, substantially all of its net assets in a portfolio of investments (NASDAQ Investment Portfolio) designed to closely track the performance, before fees and expenses, of the NASDAQ 100ª Index. The NASDAQ Investment Portfolio may include stocks that are members of the Index, stocks which are not members of the Index, and other investments that have economic characteristics similar to the securities that constitute the Index. These other investments may include futures, forwards, swaps, option contracts based on the Index and options on futures and swaps, as well as investment funds or baskets of securities with a composition similar to all or a portion of the Index. Secondly, in attempting to generate premium income and reduce the volatility of the Funds returns, with the intent of improving the Funds risk-adjusted returns, the Fund will write (sell) call options on the Index (Written Options) that are fully collateralized by the NASDAQ Investment Portfolio. Under normal circumstances, the notional value of the Written Options is not expected to exceed 50% of the Funds net assets.

    Capital Structure

    As of 1/21/2020

    Total Investment Exposure:$970.358M
    Total Common Assets:$970.358M
    Common Shares Outstanding:39,301,662
    Annual Expense Ratios

    As of 12/31/2019

      Per Common Share
    Management Fees0.84%
    Other Expenses:0.07%
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 0.91%
    Fund Management

    Fund Sponsor
    Nuveen Fund Advisors, LLC.

    Portfolio Managers
    Jody I. Hrazanek, David A. Friar

    Basics
    Category: Equity-Covered-Call Funds
    Ticker: QQQX
    NAV Ticker: XQQQX
    Average Daily Volume (shares): 99,744
    Average Daily Volume (USD): $2.255M
    Inception Date: 1/30/2007
    Inception Share Price: $20.00
    Inception NAV: $19.10
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 1/21/2020

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 6/30/2019
    $0.0291
    Annualized Distribution Rate on NAV:
    As of 1/21/2020
    6.32%
    Total Return on NAV (12 months):
    As of 1/21/2020
    27.42%
    Total % Portfolio Effectively Leveraged:
    As of 1/21/2020
    0.00%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 1/22/2020

    PeriodAvg Discount
    6 Month-0.71%
    1 Year-0.16%
    3 Year2.28%
    5 Year-1.00%
    Z-Score

    As of 1/21/2020

    PeriodZStat
    3 Month-0.81
    6 Month-0.07
    1 Year-0.50
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 1/21/2020
    Category: Morningstar US CEF Covered Call

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD28.81%27.42%28.56%22.32%
    201928.81%27.42%28.63%22.38%
    2018-11.53%-4.70%-11.75%-7.93%
    201739.41%24.63%23.10%16.38%
    20163.43%5.36%8.90%8.17%
    20158.42%7.93%1.86%0.11%
    201416.10%14.93%7.53%4.80%
    201327.08%31.39%19.68%17.79%
    201225.17%16.13%14.03%10.09%
    20111.02%4.86%-8.50%-0.23%
    20107.19%13.85%10.02%9.66%
    200980.48%44.45%45.18%23.14%
    2008-41.30%-38.28%-32.50%-30.52%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 1/21/2020
    Category: Morningstar US CEF Covered Call

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 11/30/2019
    162
    Annual Portfolio Turnover:
    As of 12/31/2019
    23.00%
    Asset Allocation

    As of 11/30/2019 reported by Fund Sponsor

    Top Sectors

    As of 11/30/2019 reported by Fund Sponsor

    Sector%Portfolio
    Sensitive (Super Sector)69.70%
    Technology47.76%
    Cyclical (Super Sector)19.57%
    Communication Services19.24%
    Consumer Cyclical15.29%
    Defensive (Super Sector)11.56%
    Healthcare10.03%
    Financial Services3.52%
    Industrials2.51%
    Consumer Defensive1.50%
    Top Holdings

    As of 11/30/2019 reported by Fund Sponsor

    HoldingValue% Portfolio
    Apple Inc$128.81M13.67%
    Microsoft Corp$124.13M13.18%
    Amazon.com Inc$95.44M10.13%
    Facebook Inc A$46.38M4.92%
    Alphabet Inc Class C$43.85M4.65%
    Alphabet Inc A$42.51M4.51%
    Intel Corp$40.64M4.31%
    Cisco Systems Inc$33.76M3.58%
    Comcast Corp Class A$32.67M3.47%
    Amgen Inc$28.17M2.99%
    Credit Quality

    As of 11/30/2019 reported by Fund Sponsor

    Maturity Breakdown

    As of 11/30/2019 reported by Fund Sponsor

    Country Allocation

    As of 11/30/2019 reported by Fund Sponsor

    Country% Portfolio
    United States - Equity99.53%
    China - Equity0.59%
    Canada - Equity0.41%
    India - Equity0.16%
    Taiwan - Equity0.12%
    Ireland - Equity0.07%
    United Kingdom - Equity0.05%
    Switzerland - Equity0.00%
    Singapore - Equity0.00%
    Others - Equity0.00%
    Netherlands - Equity0.00%
    Hong Kong - Equity0.00%
    United States - Fixed Income0.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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