- The Nuveen Core Equity Alpha Fund is a covered call equity closed-end fund with about $225 million in assets under management.
- The fund currently invests in a model-based portfolio of S&P 500 stocks and also writes index call options against a portion of the portfolio.
- Nuveen plans to replace INTECH as the sub-advisor for the equity portfolio and manage the equity portfolio using a different quant model.
- JCE has a distribution yield of 7.2% and trades at a 9.4% discount.
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JCE Looks Attractive Here With A 7.2% Distribution Yield And A 9.4% Discount