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%+.
For further details see:
SPXX: Have Buy-Write CEFs Actually Cushioned The Bear Mauling?