JCE - JCE: 3 Reasons We're Avoiding This Equity CEF
2024-06-13 23:29:49 ET
Summary
- The Nuveen Core Equity Alpha Fund invests in large cap U.S. stocks while selling call options to manage risk.
- The fund has delivered a positive return in 2024, but historically underperforms benchmarks.
- We offer our opinion of the fund in the context of its stated strategy.
The Nuveen Core Equity Alpha Fund ( JCE ) invests across large-capitalization U.S. companies through an actively managed closed-end fund [CEF] structure. The attraction here is the potential to outperform broad-market benchmarks while the strategy incorporates options selling to both manage risk and support the fund's quarterly payout and compelling 9% distribution yield....
JCE: 3 Reasons We're Avoiding This Equity CEF