ETV - SPXX: Have Buy-Write CEFs Actually Cushioned The Bear Mauling?

Summary

• The Nuveen S&P 500 Dynamic Overwrite Fund is a buy-write CEF from Nuveen.
• The CEF has significantly outperformed the S&P 500 in 2022.
• In this article we analyze SPXX's return profile versus other buy-write CEFs and versus the Index to ascertain relative value performance versus outright equity positions.
• The article parses out the "true" 2022 CEF performance versus premium to NAV increases and derives portfolio timing allocations.
• This article covers CEFs from our suite of products - we focus on CEFs and yield-generating options strategies in a macro portfolio set-up, targeting overall yearly portfolio returns of 9%+.

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