Investment Company Act file number |
811‑22971 |
BXMX | Nuveen S&P 500 Buy-Write Income Fund | |
DIAX | Nuveen Dow 30SM Dynamic Overwrite Fund | |
SPXX | Nuveen S&P 500 Dynamic Overwrite Fund | |
QQQX | Nuveen Nasdaq 100 Dynamic Overwrite Fund | |
JCE | Nuveen Core Equity Alpha Fund |
• | net investment income consisting of regular interest and dividends, |
• | realized capital gains or, |
• | possibly, returns of capital representing in certain cases unrealized capital appreciation. |
4 | ||||
5 | ||||
11 | ||||
15 | ||||
25 | ||||
26 | ||||
62 | ||||
63 | ||||
64 | ||||
68 | ||||
72 | ||||
84 | ||||
112 | ||||
114 | ||||
115 | ||||
116 |
Estimated Per Share Sources of Distribution1 | Estimated Percentage of the Distribution1 | |||||||||||||||||||||||||||||||||||
Fund | Per Share Distribution |
Net Investment Income |
Long‑Term Gains |
Short‑Term Gains |
Return of Capital |
Net Investment Income |
Long‑Term Gains |
Short‑Term Gains |
Return of Capital |
|||||||||||||||||||||||||||
BXMX (FYE 12/31) |
||||||||||||||||||||||||||||||||||||
Current Quarter |
$ | 0.2365 | $ | 0.0239 | $ | 0.0224 | $ | 0.1902 | $ | 0.0000 | 10.1 | % | 9.5 | % | 80.4 | % | 0.0 | % | ||||||||||||||||||
Fiscal YTD |
$ | 0.9460 | $ | 0.0956 | $ | 0.0897 | $ | 0.7608 | $ | 0.0000 | 10.1 | % | 9.5 | % | 80.4 | % | 0.0 | % | ||||||||||||||||||
DIAX (FYE 12/31) |
||||||||||||||||||||||||||||||||||||
Current Quarter |
$ | 0.2867 | $ | 0.0537 | $ | 0.0405 | $ | 0.0752 | $ | 0.1173 | 18.7 | % | 14.1 | % | 26.2 | % | 40.9 | % | ||||||||||||||||||
Fiscal YTD |
$ | 1.1468 | $ | 0.2148 | $ | 0.1619 | $ | 0.3008 | $ | 0.4693 | 18.7 | % | 14.1 | % | 26.2 | % | 40.9 | % | ||||||||||||||||||
SPXX (FYE 12/31) |
||||||||||||||||||||||||||||||||||||
Current Quarter |
$ | 0.2940 | $ | 0.0316 | $ | 0.2407 | $ | 0.0000 | $ | 0.0217 | 10.7 | % | 81.9 | % | 0.0 | % | 7.4 | % | ||||||||||||||||||
Fiscal YTD |
$ | 1.1760 | $ | 0.1263 | $ | 0.9629 | $ | 0.0000 | $ | 0.0868 | 10.7 | % | 81.9 | % | 0.0 | % | 7.4 | % | ||||||||||||||||||
QQQX (FYE 12/31) |
||||||||||||||||||||||||||||||||||||
Current Quarter |
$ | 0.4934 | $ | 0.0029 | $ | 0.1721 | $ | 0.2932 | $ | 0.0252 | 0.6 | % | 34.9 | % | 59.4 | % | 5.1 | % | ||||||||||||||||||
Fiscal YTD |
$ | 1.9736 | $ | 0.0116 | $ | 0.6883 | $ | 1.1728 | $ | 0.1009 | 0.6 | % | 34.9 | % | 59.4 | % | 5.1 | % | ||||||||||||||||||
JCE (FYE 12/31) |
||||||||||||||||||||||||||||||||||||
Current Quarter |
$ | 0.3952 | $ | 0.0235 | $ | 0.0000 | $ | 0.2963 | $ | 0.0753 | 6.0 | % | 0.0 | % | 75.0 | % | 19.1 | % | ||||||||||||||||||
Fiscal YTD |
$ | 1.5808 | $ | 0.0942 | $ | 0.0000 | $ | 1.1854 | $ | 0.3013 | 6.0 | % | 0.0 | % | 75.0 | % | 19.1 | % |
* | Amounts may not total due to rounding. |
1 | Net investment income (NII) is a projection through the end of the current calendar quarter using actual data through the stated month‑end date above. Capital gain amounts are as of the stated date above. The estimated per share sources above include an allocation of the NII based on prior year attributions which can be expected to differ from the actual final attributions for the current year. |
Annualized | Cumulative | |||||||||||||||||||||||||||||
Fund | Inception Date |
Quarterly Distribution |
Fiscal YTD Distribution |
Net Asset Value (NAV) |
5‑Year Return on NAV |
Fiscal YTD Dist Rate on NAV1 |
Fiscal YTD Return on NAV |
Fiscal YTD Dist Rate on NAV1 |
||||||||||||||||||||||
BXMX |
Oct‑2004 | $ | 0.2365 | $ | 0.9460 | $ | 13.19 | 5.01 | % | 7.17% | (8.99 | )% | 7.17% | |||||||||||||||||
DIAX |
Apr‑2005 | $ | 0.2867 | $ | 1.1468 | $ | 16.80 | 4.33 | % | 6.83% | (2.04 | )% | 6.83% | |||||||||||||||||
SPXX |
Nov‑2005 | $ | 0.2940 | $ | 1.1760 | $ | 15.63 | 5.69 | % | 7.52% | (11.68 | )% | 7.52% | |||||||||||||||||
QQQX |
Jan‑2007 | $ | 0.4934 | $ | 1.9736 | $ | 21.46 | 5.75 | % | 9.20% | (22.80 | )% | 9.20% | |||||||||||||||||
JCE |
Mar‑2007 | $ | 0.3952 | $ | 1.5808 | $ | 13.05 | 6.93 | % | 12.11% | (13.21 | )% | 12.11% |
1 | As a percentage of 11/30/22 NAV. |
Per Share Sources of Distribution | Percentage of the Distribution | |||||||||||||||||||||||||||||||||||
Fund | Per Share Distribution |
Net Investment Income |
Long‑Term Gains |
Short‑Term Gains |
Return of Capital1 |
Net Investment Income |
Long‑Term Gains |
Short‑Term Gains |
Return of Capital1 |
|||||||||||||||||||||||||||
BXMX |
||||||||||||||||||||||||||||||||||||
Fiscal YTD |
$0.9460 | $0.0947 | $0.5898 | $0.2615 | $0.0000 | 10.01% | 62.35% | 27.64% | 0.00% | |||||||||||||||||||||||||||
DIAX |
||||||||||||||||||||||||||||||||||||
Fiscal YTD |
$1.1468 | $0.1993 | $0.6305 | $0.2796 | $0.0374 | 17.38% | 54.98% | 24.38% | 3.26% | |||||||||||||||||||||||||||
SPXX |
||||||||||||||||||||||||||||||||||||
Fiscal YTD |
$1.1760 | $0.1259 | $1.0501 | $0.0000 | $0.0000 | 10.71% | 89.29% | 0.00% | 0.00% | |||||||||||||||||||||||||||
QQQX |
||||||||||||||||||||||||||||||||||||
Fiscal YTD |
$1.9736 | $0.0095 | $1.5899 | $0.3742 | $0.0000 | 0.48% | 80.56% | 18.96% | 0.00% | |||||||||||||||||||||||||||
JCE |
||||||||||||||||||||||||||||||||||||
Fiscal YTD |
$2.3311 | $0.0986 | $0.3112 | $1.6241 | $0.2972 | 4.23% | 13.35% | 69.67% | 12.75% |
Annualized | ||||||||||||||||||
Fund | Inception Date |
Net Asset Value (NAV) |
1‑Year Return on NAV |
5‑Year Return on NAV |
Fiscal YTD Dist Rate on NAV |
|||||||||||||
BXMX |
Oct‑2004 | $ | 12.57 | (11.63 | )% | 4.27 | % | 7.53 | % | |||||||||
DIAX |
Apr‑2005 | $ | 16.19 | (3.92 | )% | 3.59 | % | 7.08 | % | |||||||||
SPXX |
Nov‑2005 | $ | 14.80 | (14.70 | )% | 4.71 | % | 7.95 | % | |||||||||
QQQX |
Jan‑2007 | $ | 19.61 | (27.68 | )% | 4.23 | % | 10.06 | % | |||||||||
JCE |
Mar‑2007 | $ | 12.04 | (17.30 | )% | 6.05 | % | 13.13 | % |
1 | Return of Capital may represent unrealized gains, return of shareholder’s principal, or both. In certain circumstances, all or a portion of the return of capital may be characterized as ordinary income under federal tax law. The actual tax characterization will be provided to shareholders on Form 1099‑DIV shortly after calendar year‑end. |
SPXX | QQQX | |||||||
Maximum aggregate offering |
4,993,317 | Unlimited |
SPXX | QQQX | |||||||
Common shares sold through shelf offering |
639,749 | 3,280,964 | ||||||
Weighted average premium to NAV per common share sold |
1.77 | % | 2.37 | % |
BXMX | DIAX | SPXX | QQQX | JCE | ||||||||||||||||
Common shares cumulatively repurchased and retired |
460,238 | 0 | 383,763 | 0 | 449,800 | |||||||||||||||
Common shares authorized for repurchase |
10,405,000 | 3,635,000 | 1,780,000 | 4,780,000 | 1,605,000 |
BXMX | DIAX | SPXX | QQQX | JCE | ||||||||||||||||
Common share NAV |
$ | 12.57 | $ | 16.19 | $ | 14.80 | $ | 19.61 | $ | 12.04 | ||||||||||
Common share price |
$ | 12.65 | $ | 15.51 | $ | 16.12 | $ | 20.43 | $ | 13.54 | ||||||||||
Premium/(Discount) to NAV |
0.64 | % | (4.20 | )% | 8.92 | % | 4.18 | % | 12.46 | % | ||||||||||
Average premium/(discount) to NAV |
(0.46 | )% | (4.27 | )% | 2.59 | % | 2.20 | % | 2.47 | % |
BXMX | Nuveen S&P 500 Buy-Write Income Fund Performance Overview and Holding Summaries as of December 31, 2022 |
Average Annual | ||||||||||||
1‑Year | 5‑Year | 10‑Year | ||||||||||
BXMX at Common Share NAV | (11.63)% | 4.27% | 6.78% | |||||||||
BXMX at Common Share Price | (7.09)% | 4.79% | 8.29% | |||||||||
Cboe S&P 500® BuyWrite Index (BXMSM) | (11.37)% | 2.73% | 5.71% |
* | For purposes of Fund performance, relative results are measured against the Cboe S&P 500® BuyWrite Index (BXMSM). |
Common Stock | 99.8% | |||
Investments Purchased with Collateral from Securities Lending | 0.0% | |||
Repurchase Agreements | 2.0% | |||
Other Assets Less Liabilities | (1.8)% | |||
Net Assets |
100% |
Apple Inc | 6.1% | |||
Microsoft Corp | 5.6% | |||
Alphabet Inc | 3.2% | |||
Amazon.com Inc | 2.3% | |||
Berkshire Hathaway Inc | 2.2% |
Software | 8.3% | |||
Technology Hardware, Storage & Peripherals | 6.2% | |||
Pharmaceuticals | 5.0% | |||
Semiconductors & Semiconductor Equipment | 5.0% | |||
Oil, Gas & Consumable Fuels | 4.7% | |||
IT Services | 4.5% | |||
Interactive Media & Services | 4.0% | |||
Banks | 3.8% | |||
Health Care Providers & Services | 3.6% | |||
Capital Markets | 2.6% | |||
Biotechnology | 2.5% | |||
Internet & Direct Marketing Retail | 2.4% | |||
Health Care Equipment & Supplies | 2.3% | |||
Equity Real Estate Investment Trusts | 2.3% | |||
Specialty Retail | 2.3% | |||
Insurance | 2.2% | |||
Diversified Financial Services | 2.2% | |||
Hotels, Restaurants & Leisure | 2.1% | |||
Life Sciences Tools & Services | 2.0% | |||
Beverages | 2.0% | |||
Aerospace & Defense | 1.9% | |||
Machinery | 1.8% | |||
Chemicals | 1.7% | |||
Household Products | 1.7% | |||
Multi-Utilities | 1.7% | |||
Food & Staples Retailing | 1.5% | |||
Other | 17.7% | |||
Investments Purchased with Collateral from Securities Lending |
0.0% | |||
Repurchase Agreement | 2.0% | |||
Total |
100% |
1 | See the Portfolio of Investments for the remaining industries/sectors comprising “Other” and not listed in the table above. |
DIAX | Nuveen Dow 30SM Dynamic Overwrite Fund Performance Overview and Holding Summaries as of December 31, 2022 |
Average Annual | ||||||||||||
1‑Year | 5‑Year | 10‑Year | ||||||||||
DIAX at Common Share NAV | (3.92)% | 3.59% | 8.13% | |||||||||
DIAX at Common Share Price | (5.93)% | 3.28% | 8.94% | |||||||||
Dow Jones Industrial Average Index (DJIA) | (6.86)% | 8.38% | 12.30% | |||||||||
DIAX Blended Benchmark | (5.72)% | 6.29% | 8.66% |
* | For purposes of Fund performance, relative results are measured against the DIAX Blended Benchmark. The Fund’s Blended Benchmark consists of: 1) 55% Chicago Board Options Exchange (Cboe) DJIA BuyWrite Index (BXDSM) and 2) 45% Dow Jones Industrial Average Index (DJIA). |
Common Stock | 99.9% | |||
Exchange-Traded Funds | 0.7% | |||
Repurchase Agreements | 0.3% | |||
Other Assets Less Liabilities | (0.9)% | |||
Net Assets |
100% |
UnitedHealth Group Inc | 10.4% | |||
Goldman Sachs Group Inc/The | 6.8% | |||
Home Depot Inc/The | 6.2% | |||
McDonald’s Corp | 5.2% | |||
Amgen Inc | 5.2% |
Health Care Providers & Services | 10.4% | |||
Software | 7.3% | |||
IT Services | 6.9% | |||
Capital Markets | 6.8% | |||
Industrial Conglomerates | 6.6% | |||
Specialty Retail | 6.2% | |||
Pharmaceuticals | 5.7% | |||
Hotels, Restaurants & Leisure | 5.2% | |||
Biotechnology | 5.2% | |||
Machinery | 4.7% | |||
Aerospace & Defense | 3.8% | |||
Insurance | 3.7% | |||
Oil, Gas & Consumable Fuels | 3.5% | |||
Food & Staples Retailing | 3.5% | |||
Household Products | 3.0% | |||
Consumer Finance | 2.9% | |||
Banks | 2.6% | |||
Technology Hardware, Storage & Peripherals | 2.6% | |||
Textiles, Apparel & Luxury Goods | 2.3% | |||
Entertainment | 1.7% | |||
Other | 4.4% | |||
Exchange-Traded Funds | 0.7% | |||
Repurchase Agreements | 0.3% | |||
Total |
100% |
1 | See the Portfolio of Investments for the remaining industries/sectors comprising “Other” and not listed in the table above. |
SPXX | Nuveen S&P 500 Dynamic Overwrite Fund Performance Overview and Holding Summaries as of December 31, 2022 |
Average Annual | ||||||||||||
1‑Year | 5‑Year | 10‑Year | ||||||||||
SPXX at Common Share NAV | (14.70)% | 4.71% | 7.29% | |||||||||
SPXX at Common Share Price | (6.79)% | 5.56% | 9.69% | |||||||||
S&P 500® Index | (18.11)% | 9.42% | 12.56% | |||||||||
SPXX Blended Benchmark | (14.31)% | 5.81% | 8.82% |
* | For purposes of Fund performance, relative results are measured against the SPXX Blended Benchmark. The Fund’s Blended Benchmark consists of: 1) 55% Chicago Board Options Exchange (Cboe) S&P 500® BuyWrite Index (BXMSM) and 2) 45% S&P 500® Index. |
Common Stock | 99.3% | |||
Exchange-Traded Funds | 1.1% | |||
Investments Purchased with Collateral from Securities Lending |
0.1% | |||
Repurchase Agreements | 0.4% | |||
Other Assets Less Liabilities | (0.9)% | |||
Net Assets |
100% |
Apple Inc | 6.2% | |||
Microsoft Corp | 5.8% | |||
Alphabet Inc | 3.3% | |||
Amazon.com Inc | 2.4% | |||
Berkshire Hathaway Inc | 1.9% |
Software | 8.6% | |||
Technology Hardware, Storage & Peripherals | 6.3% | |||
Semiconductors & Semiconductor Equipment | 5.1% | |||
Pharmaceuticals | 5.0% | |||
Oil, Gas & Consumable Fuels | 4.7% | |||
Interactive Media & Services | 4.3% | |||
IT Services | 4.2% | |||
Banks | 3.7% | |||
Health Care Providers & Services | 3.6% | |||
Capital Markets | 3.5% | |||
Health Care Equipment & Supplies | 2.9% | |||
Equity Real Estate Investment Trusts | 2.5% | |||
Internet & Direct Marketing Retail | 2.4% | |||
Specialty Retail | 2.4% | |||
Biotechnology | 2.4% | |||
Beverages | 2.2% | |||
Hotels, Restaurants & Leisure | 2.2% | |||
Machinery | 2.2% | |||
Insurance | 2.2% | |||
Electric Utilities | 2.1% | |||
Diversified Financial Services | 2.0% | |||
Household Products | 1.8% | |||
Aerospace & Defense | 1.8% | |||
Life Sciences Tools & Services | 1.7% | |||
Food & Staples Retailing | 1.7% | |||
Other | 16.9% | |||
Exchange-Traded Funds | 1.1% | |||
Investments Purchased with Collateral from Securities Lending | 0.1% | |||
Repurchase Agreements | 0.4% | |||
Total |
100% |
1 | See the Portfolio of Investments for the remaining industries/sectors comprising “Other” and not listed in the table above. |
QQQX | Nuveen Nasdaq 100 Dynamic Overwrite Fund Performance Overview and Holding Summaries as of December 31, 2022 |
Average Annual | ||||||||||||
1‑Year | 5‑Year | 10‑Year | ||||||||||
QQQX at Common Share NAV | (27.68)% | 4.23% | 10.16% | |||||||||
QQQX at Common Share Price | (27.25)% | 3.86% | 10.77% | |||||||||
Nasdaq 100® Index | (32.38)% | 12.36% | 16.45% | |||||||||
QQQX Blended Benchmark | (25.05)% | 6.93% | 10.84% |
* | For purposes of Fund performance, relative results are measured against the QQQX Blended Benchmark. The Fund’s Blended Benchmark consists of: 1) 55% Chicago Board Options Exchange (Cboe) Nasdaq 100 BuyWrite Index (BXNSM) and 2) 45% Nasdaq 100® Index. |
Common Stock | 100.0% | |||
Exchange-Traded Funds | 0.5% | |||
Investments Purchased with Collateral from Securities Lending | 0.1% | |||
Repurchase Agreements | 0.1% | |||
Other Assets Less Liabilities | (0.7)% | |||
Net Assets |
100% |
Microsoft Corp | 13.3% | |||
Apple Inc | 12.7% | |||
Alphabet Inc | 8.0% | |||
Amazon.com Inc | 6.2% | |||
NVIDIA Corp | 3.7% |
Software | 19.2% | |||
Semiconductors & Semiconductor Equipment | 13.5% | |||
Technology Hardware, Storage & Peripherals | 12.7% | |||
Interactive Media & Services | 10.6% | |||
Internet & Direct Marketing Retail | 6.8% | |||
Biotechnology | 5.3% | |||
Automobiles | 2.9% | |||
Communications Equipment | 2.9% | |||
Beverages | 2.7% | |||
Media | 2.6% | |||
Hotels, Restaurants & Leisure | 2.6% | |||
IT Services | 2.3% | |||
Food Products | 1.8% | |||
Other | 13.4% | |||
Exchange-Traded Funds | 0.5% | |||
Investments Purchased with Collateral from Securities Lending | 0.1% | |||
Repurchase Agreements | 0.1% | |||
Total |
100% |
1 | See the Portfolio of Investments for the remaining industries/sectors comprising “Other” and not listed in the table above. |
JCE | Nuveen Core Equity Alpha Fund Performance Overview and Holding Summaries as of December 31, 2022 |
Average Annual | ||||||||||||
1‑Year | 5‑Year | 10‑Year | ||||||||||
JCE at Common Share NAV | (17.30)% | 6.05% | 9.74% | |||||||||
JCE at Common Share Price | (14.07)% | 8.78% | 12.46% | |||||||||
S&P 500® Index | (18.11)% | 9.42% | 12.56% | |||||||||
JCE Blended Benchmark | (14.65)% | 6.15% | 9.17% |
* | For purposes of Fund performance, relative results are measured against the JCE Blended Benchmark. The Fund’s Blended Benchmark consists of: 1) 50% S&P 500® Index and 2) 50% Chicago Board Options Exchange (Cboe) S&P 500® BuyWrite Index (BXMSM). |
Common Stock | 99.0% | |||
Exchange-Traded Funds | 0.6% | |||
Investments Purchased with Collateral from Securities Lending | 0.3% | |||
Repurchase Agreements | 0.2% | |||
Other Assets Less Liabilities | (0.1)% | |||
Net Assets |
100% |
Apple Inc | 6.6% | |||
Microsoft Corp | 5.8% | |||
Alphabet Inc | 3.3% | |||
Amazon.com Inc | 2.7% | |||
Berkshire Hathaway Inc | 2.4% |
Software | 10.9% | |||
Technology Hardware, Storage & Peripherals | 6.6% | |||
Oil, Gas & Consumable Fuels | 5.8% | |||
Health Care Providers & Services | 5.4% | |||
Interactive Media & Services | 4.5% | |||
IT Services | 4.4% | |||
Pharmaceuticals | 4.1% | |||
Life Sciences Tools & Services | 3.8% | |||
Health Care Equipment & Supplies | 3.6% | |||
Banks | 3.3% | |||
Semiconductors & Semiconductor Equipment | 2.9% | |||
Food & Staples Retailing | 2.9% | |||
Specialty Retail | 2.8% | |||
Internet & Direct Marketing Retail | 2.7% | |||
Hotels, Restaurants & Leisure | 2.5% | |||
Diversified Financial Services | 2.5% | |||
Electric Utilities | 2.3% | |||
Insurance | 2.2% | |||
Capital Markets | 2.0% | |||
Road & Rail | 1.9% | |||
Beverages | 1.8% | |||
Electronic Equipment, Instruments & Components | 1.7% | |||
Commercial Services & Supplies | 1.7% | |||
Other | 16.6% | |||
Exchange-Traded Funds | 0.6% | |||
Investments Purchased with Collateral from Securities Lending | 0.3% | |||
Repurchase Agreements | 0.2% | |||
Total |
100% |
1 | See the Portfolio of Investments for the remaining industries/sectors comprising “Other” and not listed in the table above. |
BXMX | Nuveen S&P 500 Buy‑Write Income Fund Portfolio of Investments December 31, 2022 |
Shares | Description (1) | Value | ||||||||||||||
LONG-TERM INVESTMENTS – 99.8% |
||||||||||||||||
COMMON STOCKS – 99.8% (2) |
||||||||||||||||
Aerospace & Defense – 2.0% | ||||||||||||||||
28,960 | Boeing Co/The (3) |
$ | 5,516,590 | |||||||||||||
9,566 | HEICO Corp |
1,469,720 | ||||||||||||||
62,456 | Howmet Aerospace Inc |
2,461,391 | ||||||||||||||
10,463 | Northrop Grumman Corp |
5,708,718 | ||||||||||||||
99,428 | Raytheon Technologies Corp |
10,034,274 | ||||||||||||||
4,597 | Woodward Inc |
444,116 | ||||||||||||||
Total Aerospace & Defense |
25,634,809 | |||||||||||||||
Air Freight & Logistics – 0.7% | ||||||||||||||||
8,966 | FedEx Corp |
1,552,911 | ||||||||||||||
40,842 | United Parcel Service Inc, Class B |
7,099,973 | ||||||||||||||
Total Air Freight & Logistics |
8,652,884 | |||||||||||||||
Airlines – 0.2% | ||||||||||||||||
68,557 | American Airlines Group Inc (3) |
872,045 | ||||||||||||||
47,025 | United Airlines Holdings Inc (3) |
1,772,842 | ||||||||||||||
Total Airlines |
2,644,887 | |||||||||||||||
Auto Components – 0.1% | ||||||||||||||||
50,606 | Gentex Corp |
1,380,025 | ||||||||||||||
9,851 | Goodyear Tire & Rubber Co (3) |
99,988 | ||||||||||||||
Total Auto Components |
1,480,013 | |||||||||||||||
Automobiles – 1.3% | ||||||||||||||||
211,763 | Ford Motor Co |
2,462,804 | ||||||||||||||
16,446 | Harley-Davidson Inc |
684,154 | ||||||||||||||
110,669 | Tesla Inc (3) |
13,632,207 | ||||||||||||||
Total Automobiles |
16,779,165 | |||||||||||||||
Banks – 3.9% | ||||||||||||||||
81,507 | Citigroup Inc |
3,686,562 | ||||||||||||||
26,341 | Comerica Inc |
1,760,896 | ||||||||||||||
162,841 | Fifth Third Bancorp |
5,342,813 | ||||||||||||||
51,859 | First Horizon Corp |
1,270,545 | ||||||||||||||
132,821 | JPMorgan Chase & Co |
17,811,296 | ||||||||||||||
165,652 | KeyCorp |
2,885,658 | ||||||||||||||
14,051 | M&T Bank Corp |
2,038,238 | ||||||||||||||
41,891 | PNC Financial Services Group Inc/The |
6,616,265 | ||||||||||||||
195,504 | Wells Fargo & Co |
8,072,360 | ||||||||||||||
31,763 | Zions Bancorp NA |
1,561,469 | ||||||||||||||
Total Banks |
51,046,102 | |||||||||||||||
Beverages – 2.0% | ||||||||||||||||
265,212 | Coca-Cola Co |
16,870,135 | ||||||||||||||
134,640 | Keurig Dr Pepper Inc |
4,801,263 | ||||||||||||||
47,494 | Monster Beverage Corp (3) |
4,822,066 | ||||||||||||||
Total Beverages |
26,493,464 | |||||||||||||||
Biotechnology – 2.5% | ||||||||||||||||
78,698 | AbbVie Inc |
12,718,384 | ||||||||||||||
1,757 | Alnylam Pharmaceuticals Inc (3) |
417,551 | ||||||||||||||
28,228 | Amgen Inc |
7,413,802 | ||||||||||||||
9,647 | Biogen Inc (3) |
2,671,447 | ||||||||||||||
9,243 | BioMarin Pharmaceutical Inc (3) |
956,558 |
Shares | Description (1) | Value | ||||||||||||||
Biotechnology (continued) | ||||||||||||||||
2,000 | Exact Sciences Corp (3) |
$ | 99,020 | |||||||||||||
67,257 | Gilead Sciences Inc |
5,774,014 | ||||||||||||||
15,810 | Moderna Inc (3) |
2,839,792 | ||||||||||||||
3,237 | Seagen Inc (3) |
415,987 | ||||||||||||||
Total Biotechnology |
33,306,555 | |||||||||||||||
Building Products – 0.4% | ||||||||||||||||
15,381 | Allegion plc |
1,619,004 | ||||||||||||||
23,666 | Fortune Brands Innovations Inc |
1,351,565 | ||||||||||||||
43,726 | Masco Corp |
2,040,693 | ||||||||||||||
23,666 | MasterBrand Inc (3) |
178,678 | ||||||||||||||
Total Building Products |
5,189,940 | |||||||||||||||
Capital Markets – 2.7% | ||||||||||||||||
83,608 | Charles Schwab Corp/The |
6,961,202 | ||||||||||||||
23,102 | CME Group Inc |
3,884,832 | ||||||||||||||
44,488 | Intercontinental Exchange Inc |
4,564,024 | ||||||||||||||
53,398 | Jefferies Financial Group Inc |
1,830,483 | ||||||||||||||
86,746 | Morgan Stanley |
7,375,145 | ||||||||||||||
8,344 | MSCI Inc |
3,881,379 | ||||||||||||||
19,659 | S&P Global Inc |
6,584,586 | ||||||||||||||
Total Capital Markets |
35,081,651 | |||||||||||||||
Chemicals – 1.8% | ||||||||||||||||
16,669 | Chemours Co/The |
510,405 | ||||||||||||||
52,881 | Corteva Inc |
3,108,345 | ||||||||||||||
53,214 | Dow Inc |
2,681,453 | ||||||||||||||
42,507 | DuPont de Nemours Inc |
2,917,255 | ||||||||||||||
23,362 | Eastman Chemical Co |
1,902,601 | ||||||||||||||
30,588 | Linde PLC |
9,977,194 | ||||||||||||||
10,656 | Olin Corp |
564,129 | ||||||||||||||
14,399 | RPM International Inc |
1,403,183 | ||||||||||||||
Total Chemicals |
23,064,565 | |||||||||||||||
Commercial Services & Supplies – 0.7% | ||||||||||||||||
20,246 | Waste Connections Inc |
2,683,810 | ||||||||||||||
37,983 | Waste Management Inc |
5,958,773 | ||||||||||||||
Total Commercial Services & Supplies |
8,642,583 | |||||||||||||||
Communications Equipment – 1.0% | ||||||||||||||||
19,049 | Ciena Corp (3) |
971,118 | ||||||||||||||
220,344 | Cisco Systems Inc |
10,497,188 | ||||||||||||||
5,140 | Lumentum Holdings Inc (3) |
268,154 | ||||||||||||||
74,070 | Viavi Solutions Inc (3) |
778,476 | ||||||||||||||
Total Communications Equipment |
12,514,936 | |||||||||||||||
Consumer Finance – 0.4% | ||||||||||||||||
42,085 | Discover Financial Services |
4,117,176 | ||||||||||||||
89,957 | SLM Corp |
1,493,286 | ||||||||||||||
Total Consumer Finance |
5,610,462 | |||||||||||||||
Containers & Packaging – 0.5% | ||||||||||||||||
9,313 | Avery Dennison Corp |
1,685,653 | ||||||||||||||
20,677 | Crown Holdings Inc |
1,699,856 | ||||||||||||||
15,364 | Packaging Corp of America |
1,965,209 | ||||||||||||||
18,945 | Sonoco Products Co |
1,150,151 | ||||||||||||||
Total Containers & Packaging |
6,500,869 | |||||||||||||||
Distributors – 0.2% | ||||||||||||||||
51,888 | LKQ Corp |
2,771,338 |
BXMX | Nuveen S&P 500 Buy‑Write Income Fund (continued) | |
Portfolio of Investments December 31, 2022 |
Shares | Description (1) | Value | ||||||||||||||
Diversified Financial Services – 2.2% | ||||||||||||||||
93,321 | Berkshire Hathaway Inc, Class B (3) |
$ | 28,826,857 | |||||||||||||
Diversified Telecommunication Services – 1.2% | ||||||||||||||||
379,832 | AT&T Inc |
6,992,707 | ||||||||||||||
207,579 | Verizon Communications Inc |
8,178,613 | ||||||||||||||
Total Diversified Telecommunication Services |
15,171,320 | |||||||||||||||
Electric Utilities – 1.2% | ||||||||||||||||
90,850 | Alliant Energy Corp |
5,015,829 | ||||||||||||||
22,757 | Constellation Energy Corp |
1,961,881 | ||||||||||||||
58,152 | Evergy Inc |
3,659,505 | ||||||||||||||
74,176 | OGE Energy Corp |
2,933,661 | ||||||||||||||
29,198 | Pinnacle West Capital Corp |
2,220,216 | ||||||||||||||
Total Electric Utilities |
15,791,092 | |||||||||||||||
Electrical Equipment – 0.8% | ||||||||||||||||
54,146 | Emerson Electric Co |
5,201,264 | ||||||||||||||
8,860 | Hubbell Inc |
2,079,265 | ||||||||||||||
10,242 | Rockwell Automation Inc |
2,638,032 | ||||||||||||||
Total Electrical Equipment |
9,918,561 | |||||||||||||||
Electronic Equipment, Instruments & Components – 0.5% | ||||||||||||||||
20,728 | CDW Corp/DE |
3,701,606 | ||||||||||||||
86,143 | Corning Inc |
2,751,408 | ||||||||||||||
Total Electronic Equipment, Instruments & Components |
6,453,014 | |||||||||||||||
Energy Equipment & Services – 0.5% | ||||||||||||||||
72,910 | Halliburton Co |
2,869,008 | ||||||||||||||
77,600 | Schlumberger Ltd |
4,148,496 | ||||||||||||||
Total Energy Equipment & Services |
7,017,504 | |||||||||||||||
Entertainment – 1.2% | ||||||||||||||||
22,085 | Netflix Inc (3) |
6,512,425 | ||||||||||||||
1,091 | Roku Inc (3) |
44,404 | ||||||||||||||
85,224 | Walt Disney Co (3) |
7,404,261 | ||||||||||||||
146,699 | Warner Bros Discovery Inc (3) |
1,390,706 | ||||||||||||||
Total Entertainment |
15,351,796 | |||||||||||||||
Equity Real Estate Investment Trusts (Reits) – 2.4% | ||||||||||||||||
97,035 | American Homes 4 Rent, Class A |
2,924,635 | ||||||||||||||
30,488 | American Tower Corp |
6,459,188 | ||||||||||||||
17,121 | Apartment Income REIT Corp |
587,422 | ||||||||||||||
73,114 | Apartment Investment and Management Co, Class A |
520,572 | ||||||||||||||
123,846 | Brandywine Realty Trust |
761,653 | ||||||||||||||
55,269 | CubeSmart |
2,224,577 | ||||||||||||||
51,595 | Equity Commonwealth |
1,288,327 | ||||||||||||||
84,268 | Healthcare Realty Trust Inc, Class A |
1,623,844 | ||||||||||||||
159,619 | Invitation Homes Inc |
4,731,107 | ||||||||||||||
19,823 | LXP Industrial Trust |
198,626 | ||||||||||||||
51,162 | Sabra Health Care REIT Inc |
635,944 | ||||||||||||||
16,725 | Sun Communities Inc |
2,391,675 | ||||||||||||||
59,317 | Welltower Inc |
3,888,229 | ||||||||||||||
94,015 | Weyerhaeuser Co |
2,914,465 | ||||||||||||||
Total Equity Real Estate Investment Trusts (Reits) |
31,150,264 | |||||||||||||||
Food & Staples Retailing – 1.5% | ||||||||||||||||
4,507 | Casey’s General Stores Inc |
1,011,145 | ||||||||||||||
24,465 | Costco Wholesale Corp |
11,168,272 | ||||||||||||||
73,551 | Kroger Co/The |
3,278,904 | ||||||||||||||
47,866 | Sysco Corp |
3,659,356 | ||||||||||||||
15,913 | US Foods Holding Corp (3) |
541,360 | ||||||||||||||
Total Food & Staples Retailing |
19,659,037 |
Shares | Description (1) | Value | ||||||||||||||
Food Products – 1.0% | ||||||||||||||||
71,353 | Hormel Foods Corp |
$ | 3,250,129 | |||||||||||||
133,397 | Mondelez International Inc, Class A |
8,890,910 | ||||||||||||||
12,100 | Post Holdings Inc (3) |
1,092,146 | ||||||||||||||
Total Food Products |
13,233,185 | |||||||||||||||
Gas Utilities – 0.2% | ||||||||||||||||
23,637 | Atmos Energy Corp |
2,648,998 | ||||||||||||||
2,933 | National Fuel Gas Co |
185,659 | ||||||||||||||
Total Gas Utilities |
2,834,657 | |||||||||||||||
Health Care Equipment & Supplies – 2.4% | ||||||||||||||||
98,976 | Abbott Laboratories |
10,866,575 | ||||||||||||||
19,319 | Alcon Inc |
1,324,318 | ||||||||||||||
7,646 | Avanos Medical Inc (3) |
206,901 | ||||||||||||||
49,755 | Baxter International Inc |
2,536,012 | ||||||||||||||
130,178 | Boston Scientific Corp (3) |
6,023,336 | ||||||||||||||
8,009 | IDEXX Laboratories Inc (3) |
3,267,352 | ||||||||||||||
89,338 | Medtronic PLC |
6,943,349 | ||||||||||||||
Total Health Care Equipment & Supplies |
31,167,843 | |||||||||||||||
Health Care Providers & Services – 3.7% | ||||||||||||||||
20,430 | Cigna Corp |
6,769,276 | ||||||||||||||
69,178 | CVS Health Corp |
6,446,698 | ||||||||||||||
15,832 | Elevance Health Inc |
8,121,341 | ||||||||||||||
16,250 | HCA Inc |
3,899,350 | ||||||||||||||
43,595 | UnitedHealth Group Inc |
23,113,197 | ||||||||||||||
Total Health Care Providers & Services |
48,349,862 | |||||||||||||||
Health Care Technology – 0.1% | ||||||||||||||||
6,414 | Veeva Systems Inc, Class A (3) |
1,035,091 | ||||||||||||||
Hotels, Restaurants & Leisure – 2.1% | ||||||||||||||||
2,484 | Booking Holdings Inc (3) |
5,005,955 | ||||||||||||||
31,485 | Marriott International Inc/MD, Class A |
4,687,802 | ||||||||||||||
39,518 | McDonald’s Corp |
10,414,178 | ||||||||||||||
16,077 | Restaurant Brands International Inc |
1,039,700 | ||||||||||||||
67,125 | Starbucks Corp |
6,658,800 | ||||||||||||||
Total Hotels, Restaurants & Leisure |
27,806,435 | |||||||||||||||
Household Durables – 0.3% | ||||||||||||||||
16,552 | Garmin Ltd |
1,527,584 | ||||||||||||||
32,919 | KB Home |
1,048,470 | ||||||||||||||
6,575 | TopBuild Corp (3) |
1,028,922 | ||||||||||||||
Total Household Durables |
3,604,976 | |||||||||||||||
Household Products – 1.7% | ||||||||||||||||
144,112 | Procter & Gamble Co/The |
21,841,615 | ||||||||||||||
13,445 | Spectrum Brands Holdings Inc |
819,069 | ||||||||||||||
Total Household Products |
22,660,684 | |||||||||||||||
Industrial Conglomerates – 1.4% | ||||||||||||||||
38,682 | 3M Co |
4,638,745 | ||||||||||||||
60,545 | General Electric Co |
5,073,066 | ||||||||||||||
40,807 | Honeywell International Inc |
8,744,940 | ||||||||||||||
Total Industrial Conglomerates |
18,456,751 | |||||||||||||||
Insurance – 2.3% | ||||||||||||||||
28,004 | Allstate Corp/The |
3,797,342 | ||||||||||||||
37,438 | Arthur J Gallagher & Co |
7,058,560 | ||||||||||||||
37,130 | CNO Financial Group Inc |
848,420 | ||||||||||||||
1,603 | F&G Annuities & Life Inc (3) |
32,076 | ||||||||||||||
23,577 | Fidelity National Financial Inc |
886,967 |
BXMX | Nuveen S&P 500 Buy‑Write Income Fund (continued) | |
Portfolio of Investments December 31, 2022 |
Shares | Description (1) | Value | ||||||||||||||
Insurance (continued) | ||||||||||||||||
16,078 | Genworth Financial Inc, Class A (3) |
$ | 85,053 | |||||||||||||
38,545 | Hartford Financial Services Group Inc/The |
2,922,867 | ||||||||||||||
4,703 | Kemper Corp |
231,388 | ||||||||||||||
33,540 | Lincoln National Corp |
1,030,349 | ||||||||||||||
7,573 | RenaissanceRe Holdings Ltd |
1,395,174 | ||||||||||||||
32,951 | Travelers Cos Inc/The |
6,177,983 | ||||||||||||||
71,665 | W R Berkley Corp |
5,200,729 | ||||||||||||||
Total Insurance |
29,666,908 | |||||||||||||||
Interactive Media & Services – 4.1% | ||||||||||||||||
268,491 | Alphabet Inc, Class A (3) |
23,688,961 | ||||||||||||||
209,307 | Alphabet Inc, Class C (3) |
18,571,810 | ||||||||||||||
93,805 | Meta Platforms Inc (3) |
11,288,494 | ||||||||||||||
Total Interactive Media & Services |
53,549,265 | |||||||||||||||
Internet & Direct Marketing Retail – 2.4% | ||||||||||||||||
371,437 | Amazon.com Inc (3) |
31,200,708 | ||||||||||||||
5,685 | JD.com Inc, ADR |
319,099 | ||||||||||||||
Total Internet & Direct Marketing Retail |
31,519,807 | |||||||||||||||
IT Services – 4.5% | ||||||||||||||||
34,892 | Accenture PLC, Class A |
9,310,581 | ||||||||||||||
20,604 | Akamai Technologies Inc (3) |
1,736,917 | ||||||||||||||
28,578 | Automatic Data Processing Inc |
6,826,141 | ||||||||||||||
15,971 | Broadridge Financial Solutions Inc |
2,142,190 | ||||||||||||||
39,198 | Fidelity National Information Services Inc |
2,659,584 | ||||||||||||||
39,289 | Mastercard Inc |
13,661,964 | ||||||||||||||
55,304 | PayPal Holdings Inc (3) |
3,938,751 | ||||||||||||||
9,442 | Twilio Inc, Class A (3) |
462,280 | ||||||||||||||
14,844 | VeriSign Inc (3) |
3,049,552 | ||||||||||||||
75,786 | Visa Inc, Class A |
15,745,300 | ||||||||||||||
Total IT Services |
59,533,260 | |||||||||||||||
Leisure Products – 0.1% | ||||||||||||||||
25,861 | Mattel Inc (3) |
461,360 | ||||||||||||||
6,048 | Polaris Inc |
610,848 | ||||||||||||||
Total Leisure Products |
1,072,208 | |||||||||||||||
Life Sciences Tools & Services – 2.0% | ||||||||||||||||
38,822 | Danaher Corp |
10,304,135 | ||||||||||||||
10,529 | Illumina Inc (3) |
2,128,964 | ||||||||||||||
21,185 | Thermo Fisher Scientific Inc |
11,666,368 | ||||||||||||||
7,519 | Waters Corp (3) |
2,575,859 | ||||||||||||||
Total Life Sciences Tools & Services |
26,675,326 | |||||||||||||||
Machinery – 1.9% | ||||||||||||||||
29,025 | Caterpillar Inc |
6,953,229 | ||||||||||||||
13,565 | Deere & Co |
5,816,130 | ||||||||||||||
31,851 | Graco Inc |
2,142,298 | ||||||||||||||
39,784 | Otis Worldwide Corp |
3,115,485 | ||||||||||||||
15,767 | Parker-Hannifin Corp |
4,588,197 | ||||||||||||||
16,044 | Stanley Black & Decker Inc |
1,205,225 | ||||||||||||||
10,383 | Timken Co/The |
733,767 | ||||||||||||||
Total Machinery |
24,554,331 | |||||||||||||||
Media – 0.7% | ||||||||||||||||
216,324 | Comcast Corp, Class A |
7,564,850 | ||||||||||||||
17,899 | New York Times Co/The, Class A |
581,002 | ||||||||||||||
78,489 | News Corp, Class A |
1,428,500 | ||||||||||||||
Total Media |
9,574,352 | |||||||||||||||
Metals & Mining – 0.4% | ||||||||||||||||
15,262 | Arconic Corp (3) |
322,944 |
Shares | Description (1) | Value | ||||||||||||||
Metals & Mining (continued) | ||||||||||||||||
42,845 | Newmont Corp |
$ | 2,022,284 | |||||||||||||
20,588 | Nucor Corp |
2,713,704 | ||||||||||||||
Total Metals & Mining |
5,058,932 | |||||||||||||||
Mortgage Real Estate Investment Trusts (REITs) – 0.0% | ||||||||||||||||
6,700 | Annaly Capital Management Inc |
141,236 | ||||||||||||||
Multiline Retail – 0.4% | ||||||||||||||||
25,320 | Macy’s Inc |
522,858 | ||||||||||||||
16,563 | Nordstrom Inc (4) |
267,327 | ||||||||||||||
31,203 | Target Corp |
4,650,495 | ||||||||||||||
Total Multiline Retail |
5,440,680 | |||||||||||||||
Multi-Utilities – 1.7% | ||||||||||||||||
80,101 | Ameren Corp |
7,122,581 | ||||||||||||||
17,519 | NorthWestern Corp |
1,039,578 | ||||||||||||||
105,501 | Public Service Enterprise Group Inc |
6,464,046 | ||||||||||||||
81,221 | WEC Energy Group Inc |
7,615,281 | ||||||||||||||
Total Multi-Utilities |
22,241,486 | |||||||||||||||
Oil, Gas & Consumable Fuels – 4.8% | ||||||||||||||||
44,283 | Cenovus Energy Inc |
859,533 | ||||||||||||||
8,394 | Cheniere Energy Inc |
1,258,764 | ||||||||||||||
84,740 | Chevron Corp |
15,209,983 | ||||||||||||||
9,675 | CNX Resources Corp (3) |
162,927 | ||||||||||||||
81,811 | ConocoPhillips |
9,653,698 | ||||||||||||||
183,113 | Exxon Mobil Corp |
20,197,364 | ||||||||||||||
25,709 | Hess Corp |
3,646,050 | ||||||||||||||
30,656 | Marathon Petroleum Corp |
3,568,052 | ||||||||||||||
17,934 | Ovintiv Inc |
909,433 | ||||||||||||||
26,554 | Phillips 66 |
2,763,740 | ||||||||||||||
26,407 | Suncor Energy Inc |
837,894 | ||||||||||||||
25,961 | Valero Energy Corp |
3,293,413 | ||||||||||||||
Total Oil, Gas & Consumable Fuels |
62,360,851 | |||||||||||||||
Personal Products – 0.0% | ||||||||||||||||
15,340 | BellRing Brands Inc (3) |
393,318 | ||||||||||||||
Pharmaceuticals – 5.1% | ||||||||||||||||
105,941 | Bristol-Myers Squibb Co |
7,622,455 | ||||||||||||||
36,480 | Eli Lilly & Co |
13,345,843 | ||||||||||||||
115,829 | Johnson & Johnson |
20,461,193 | ||||||||||||||
112,570 | Merck & Co Inc |
12,489,641 | ||||||||||||||
241,787 | Pfizer Inc |
12,389,166 | ||||||||||||||
Total Pharmaceuticals |
66,308,298 | |||||||||||||||
Professional Services – 0.3% | ||||||||||||||||
29,484 | CoStar Group Inc (3) |
2,278,524 | ||||||||||||||
9,803 | ManpowerGroup Inc |
815,708 | ||||||||||||||
23,554 | TransUnion |
1,336,689 | ||||||||||||||
Total Professional Services |
4,430,921 | |||||||||||||||
Road & Rail – 0.9% | ||||||||||||||||
30,324 | Canadian Pacific Railway Ltd |
2,261,867 | ||||||||||||||
4,425 | Lyft Inc, Class A (3) |
48,763 | ||||||||||||||
21,947 | Norfolk Southern Corp |
5,408,180 | ||||||||||||||
11,774 | Old Dominion Freight Line Inc |
3,341,226 | ||||||||||||||
31,571 | Uber Technologies Inc (3) |
780,751 | ||||||||||||||
Total Road & Rail |
11,840,787 | |||||||||||||||
Semiconductors & Semiconductor Equipment – 5.1% | ||||||||||||||||
82,790 | Advanced Micro Devices Inc (3) |
5,362,308 | ||||||||||||||
56,923 | Applied Materials Inc |
5,543,162 | ||||||||||||||
20,036 | Broadcom Inc |
11,202,729 |
BXMX | Nuveen S&P 500 Buy‑Write Income Fund (continued) | |
Portfolio of Investments December 31, 2022 |
Shares | Description (1) | Value | ||||||||||||||
Semiconductors & Semiconductor Equipment (continued) | ||||||||||||||||
7,284 | Enphase Energy Inc (3) |
$ | 1,929,969 | |||||||||||||
203,100 | Intel Corp |
5,367,933 | ||||||||||||||
10,447 | Lam Research Corp |
4,390,874 | ||||||||||||||
32,109 | Marvell Technology Inc |
1,189,317 | ||||||||||||||
62,434 | Micron Technology Inc |
3,120,451 | ||||||||||||||
111,295 | NVIDIA Corp |
16,264,651 | ||||||||||||||
23,765 | NXP Semiconductors NV |
3,755,583 | ||||||||||||||
36,779 | ON Semiconductor Corp (3) |
2,293,906 | ||||||||||||||
53,276 | QUALCOMM Inc |
5,857,164 | ||||||||||||||
Total Semiconductors & Semiconductor Equipment |
66,278,047 | |||||||||||||||
Software – 8.5% | ||||||||||||||||
23,165 | Adobe Inc (3) |
7,795,717 | ||||||||||||||
15,194 | Autodesk Inc (3) |
2,839,303 | ||||||||||||||
16,990 | Black Knight Inc (3) |
1,049,132 | ||||||||||||||
10,744 | Check Point Software Technologies Ltd (3) |
1,355,463 | ||||||||||||||
48,865 | Fortinet Inc (3) |
2,389,010 | ||||||||||||||
313,964 | Microsoft Corp |
75,294,846 | ||||||||||||||
81,715 | Oracle Corp |
6,679,384 | ||||||||||||||
9,327 | Palo Alto Networks Inc (3) |
1,301,490 | ||||||||||||||
47,152 | Salesforce Inc (3) |
6,251,884 | ||||||||||||||
12,353 | ServiceNow Inc (3) |
4,796,299 | ||||||||||||||
9,651 | VMware Inc, Class A |
1,184,757 | ||||||||||||||
Total Software |
110,937,285 | |||||||||||||||
Specialty Retail – 2.3% | ||||||||||||||||
8,358 | American Eagle Outfitters Inc |
116,678 | ||||||||||||||
24,636 | Best Buy Co Inc |
1,976,053 | ||||||||||||||
4,047 | Burlington Stores Inc (3) |
820,570 | ||||||||||||||
14,810 | CarMax Inc (3) |
901,781 | ||||||||||||||
4,736 | Five Below Inc (3) |
837,656 | ||||||||||||||
50,051 | Home Depot Inc/The |
15,809,109 | ||||||||||||||
38,481 | Lowe’s Cos Inc |
7,666,954 | ||||||||||||||
4,641 | Ulta Beauty Inc (3) |
2,176,954 | ||||||||||||||
Total Specialty Retail |
30,305,755 | |||||||||||||||
Technology Hardware, Storage & Peripherals – 6.3% | ||||||||||||||||
630,066 | Apple Inc |
81,864,476 | ||||||||||||||
26,933 | Dell Technologies Inc, Class C |
1,083,245 | ||||||||||||||
Total Technology Hardware, Storage & Peripherals |
82,947,721 | |||||||||||||||
Textiles, Apparel & Luxury Goods – 0.7% | ||||||||||||||||
6,689 | Kontoor Brands Inc |
267,493 | ||||||||||||||
3,315 | Lululemon Athletica Inc (3) |
1,062,060 | ||||||||||||||
72,500 | NIKE Inc, Class B |
8,483,225 | ||||||||||||||
Total Textiles, Apparel & Luxury Goods |
9,812,778 | |||||||||||||||
Thrifts & Mortgage Finance – 0.0% | ||||||||||||||||
48,313 | MGIC Investment Corp |
628,069 | ||||||||||||||
Tobacco – 0.5% | ||||||||||||||||
148,308 | Altria Group Inc |
6,779,159 | ||||||||||||||
Total Long-Term Investments (cost $582,187,510) |
1,305,953,932 | |||||||||||||||
Shares | Description (1) | Coupon | Value | |||||||||||||
INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 0.0 % |
||||||||||||||||
MONEY MARKET FUNDS – 0.0% |
||||||||||||||||
12,408 | State Street Navigator Securities Lending Government Money Market Portfolio (5) |
4.340% (6) | $ | 12,408 | ||||||||||||
Total Investments Purchased with Collateral from Securities Lending (cost $12,408) |
12,408 |
Principal Amount (000) |
Description (1) | Coupon | Maturity | Value | ||||||||||||
SHORT-TERM INVESTMENTS – 2.0% |
||||||||||||||||
REPURCHASE AGREEMENTS – 2.0% |
||||||||||||||||
$ | 26,896 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 12/30/22, repurchase price $26,900,320, collateralized by $26,631,400, U.S. Treasury Notes, 4.25% due 11/15/40, value $27,434,497 |
1.280% | 1/03/23 | $ | 26,896,495 | ||||||||||
Total Short-Term Investments (cost $26,896,495) |
26,896,495 | |||||||||||||||
Total Investments (cost $609,096,413) – 101.8% |
1,332,862,835 | |||||||||||||||
Other Assets Less Liabilities – (1.8)% (7) |
(24,106,443 | ) | ||||||||||||||
Net Assets Applicable to Common Shares – 100% |
$ | 1,308,756,392 |
Description (8) | Type | Number of Contracts |
Notional Amount (9) |
Exercise Price |
Expiration Date |
Value | ||||||||||||||||||
S&P 500® Index |
Call | (374 | ) | $ | (143,990,000 | ) | $ | 3,850 | 1/20/23 | $ | (2,690,930 | ) | ||||||||||||
S&P 500® Index |
Call | (378 | ) | (154,035,000 | ) | 4,075 | 1/20/23 | (232,470 | ) | |||||||||||||||
S&P 500® Index |
Call | (377 | ) | (154,570,000 | ) | 4,100 | 1/20/23 | (162,110 | ) | |||||||||||||||
S&P 500® Index |
Call | (378 | ) | (148,365,000 | ) | 3,925 | 1/31/23 | (1,999,620 | ) | |||||||||||||||
S&P 500® Index |
Call | (374 | ) | (143,055,000 | ) | 3,825 | 2/17/23 | (5,063,960 | ) | |||||||||||||||
S&P 500® Index |
Call | (378 | ) | (147,420,000 | ) | 3,900 | 2/17/23 | (3,598,560 | ) | |||||||||||||||
S&P 500® Index |
Call | (370 | ) | (146,150,000 | ) | 3,950 | 2/17/23 | (2,689,900 | ) | |||||||||||||||
S&P 500® Index |
Call | (373 | ) | (148,267,500 | ) | 3,975 | 2/17/23 | (2,348,035 | ) | |||||||||||||||
S&P 500® Index |
Call | (373 | ) | (145,470,000 | ) | 3,900 | 3/17/23 | (4,910,545 | ) | |||||||||||||||
Total Options Written (premiums received $39,360,041) |
|
(3,375 | ) | $ | (1,331,322,500 | ) | $ | (23,696,130 | ) |
(1) | All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted. |
(2) | The Fund may designate up to 100% of its common stock investments to cover outstanding options written. |
(3) | Non‑income producing; issuer has not declared an ex‑dividend date within the past twelve months. |
(4) | Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end of the reporting period was $12,137. |
(5) | The Fund may loan securities representing up to one third of the market value of its total assets (which includes collateral for securities on loan) to broker dealers, banks, and other institutions. The collateral maintained by the Fund shall have a market value, at the inception of each loan, equal to not less than 100% of the market value of the loaned securities. The cash collateral received by the Fund is invested in this money market fund. |
(6) | The rate shown is the one‑day yield as of the end of the reporting period. |
(7) | Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over‑the‑counter (“OTC”) derivatives as well as the OTC cleared and exchange-traded derivatives, when applicable. The unrealized appreciation (depreciation) of OTC cleared and exchange-traded derivatives is recognized as part of the cash collateral at brokers and/or the receivable or payable for variation margin as presented on the Statement of Assets and Liabilities, when applicable. Other assets less liabilities also includes the value of options as presented on the Statement of Assets and Liabilities. |
(8) | Exchange-traded, unless otherwise noted. |
(9) | For disclosure purposes, Notional Amount is calculated by multiplying the Number of Contracts by the Exercise Price by 100. |
ADR | American Depositary Receipt |
REIT | Real Estate Investment Trust |
S&P | Standard & Poor’s |
DIAX | Nuveen Dow 30SM Dynamic Overwrite Fund Portfolio of Investments December 31, 2022 |
Shares | Description (1) | Value | ||||||||||||||
LONG-TERM INVESTMENTS – 100.6% |
||||||||||||||||
COMMON STOCKS – 99.9% |
||||||||||||||||
Aerospace & Defense – 3.8% | ||||||||||||||||
116,972 | Boeing Co/The (2) |
$ | 22,281,996 | |||||||||||||
Banks – 2.7% | ||||||||||||||||
116,972 | JPMorgan Chase & Co |
15,685,945 | ||||||||||||||
Beverages – 1.3% | ||||||||||||||||
116,972 | Coca-Cola Co |
7,440,589 | ||||||||||||||
Biotechnology – 5.2% | ||||||||||||||||
116,972 | Amgen Inc (3) |
30,721,526 | ||||||||||||||
Capital Markets – 6.8% | ||||||||||||||||
116,972 | Goldman Sachs Group Inc/The (3) |
40,165,845 | ||||||||||||||
Chemicals – 1.0% | ||||||||||||||||
116,972 | Dow Inc |
5,894,219 | ||||||||||||||
Communications Equipment – 1.0% | ||||||||||||||||
116,972 | Cisco Systems Inc |
5,572,546 | ||||||||||||||
Consumer Finance – 2.9% | ||||||||||||||||
116,972 | American Express Co |
17,282,613 | ||||||||||||||
Diversified Telecommunication Services – 0.8% | ||||||||||||||||
116,972 | Verizon Communications Inc |
4,608,697 | ||||||||||||||
Entertainment – 1.7% | ||||||||||||||||
116,972 | Walt Disney Co (2) |
10,162,528 | ||||||||||||||
Food & Staples Retailing – 3.6% | ||||||||||||||||
116,972 | Walgreens Boots Alliance Inc |
4,370,074 | ||||||||||||||
116,972 | Walmart Inc |
16,585,460 | ||||||||||||||
Total Food & Staples Retailing |
20,955,534 | |||||||||||||||
Health Care Providers & Services – 10.5% | ||||||||||||||||
116,972 | UnitedHealth Group Inc |
62,016,215 | ||||||||||||||
Hotels, Restaurants & Leisure – 5.2% | ||||||||||||||||
116,972 | McDonald’s Corp (3) |
30,825,631 | ||||||||||||||
Household Products – 3.0% | ||||||||||||||||
116,972 | Procter & Gamble Co/The |
17,728,276 | ||||||||||||||
Industrial Conglomerates – 6.6% | ||||||||||||||||
116,972 | 3M Co |
14,027,282 | ||||||||||||||
116,972 | Honeywell International Inc |
25,067,100 | ||||||||||||||
Total Industrial Conglomerates |
39,094,382 | |||||||||||||||
Insurance – 3.7% | ||||||||||||||||
116,972 | Travelers Cos Inc/The |
21,931,080 | ||||||||||||||
IT Services – 6.9% | ||||||||||||||||
116,972 | International Business Machines Corp |
16,480,185 |
Shares | Description (1) | Value | ||||||||||||||
IT Services (continued) | ||||||||||||||||
116,972 | Visa Inc, Class A |
$ | 24,302,103 | |||||||||||||
Total IT Services |
40,782,288 | |||||||||||||||
Machinery – 4.8% | ||||||||||||||||
116,972 | Caterpillar Inc |
28,021,812 | ||||||||||||||
Oil, Gas & Consumable Fuels – 3.6% | ||||||||||||||||
116,972 | Chevron Corp |
20,995,304 | ||||||||||||||
Pharmaceuticals – 5.7% | ||||||||||||||||
116,972 | Johnson & Johnson |
20,663,104 | ||||||||||||||
116,972 | Merck & Co Inc |
12,978,043 | ||||||||||||||
Total Pharmaceuticals |
33,641,147 | |||||||||||||||
Semiconductors & Semiconductor Equipment – 0.5% | ||||||||||||||||
116,972 | Intel Corp |
3,091,570 | ||||||||||||||
Software – 7.4% | ||||||||||||||||
116,972 | Microsoft Corp (3) |
28,052,225 | ||||||||||||||
116,972 | Salesforce Inc (2) |
15,509,318 | ||||||||||||||
Total Software |
43,561,543 | |||||||||||||||
Specialty Retail – 6.3% | ||||||||||||||||
116,972 | Home Depot Inc/The |
36,946,776 | ||||||||||||||
Technology Hardware, Storage & Peripherals – 2.6% | ||||||||||||||||
116,972 | Apple Inc (3) |
15,198,172 | ||||||||||||||
Textiles, Apparel & Luxury Goods – 2.3% | ||||||||||||||||
116,972 | NIKE Inc, Class B |
13,686,894 | ||||||||||||||
Total Common Stocks (cost $244,397,058) |
588,293,128 | |||||||||||||||
Shares | Description (1) | Value | ||||||||||||||
EXCHANGE-TRADED FUNDS – 0.7% | ||||||||||||||||
20,000 | Vanguard Total Stock Market ETF |
3,823,800 | ||||||||||||||
Total Exchange-Traded Funds (cost $3,801,566) |
3,823,800 | |||||||||||||||
Total Long-Term Investments (cost $248,198,624) |
592,116,928 | |||||||||||||||
Principal Amount (000) |
Description (1) | Coupon | Maturity | Value | ||||||||||||
SHORT-TERM INVESTMENTS – 0.3% |
||||||||||||||||
REPURCHASE AGREEMENTS – 0.3% |
||||||||||||||||
$ | 1,891,323 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 12/30/22, repurchase price $1,891,592, collateralized by $1,872,700, U.S. Treasury Note, 4.25%, due 11/15/40, value $1,929,173 |
1.280% | 1/03/23 | $ | 1,891,323 | ||||||||||
Total Short-Term Investments (cost $1,891,323) |
1,891,323 | |||||||||||||||
Total Investments (cost $250,089,947) – 100.9% |
594,008,251 | |||||||||||||||
Other Assets Less Liabilities – (0.9)% (4) |
(5,298,132 | ) | ||||||||||||||
Net Assets Applicable to Common Shares – 100% |
$ | 588,710,119 |
DIAX | Nuveen Dow 30SM Dynamic Overwrite Fund (continued) | |
Portfolio of Investments December 31, 2022 |
Description (5) | Type | Number of Contracts |
Notional Amount (6) |
Exercise Price |
Expiration Date |
Value | ||||||||||||||||||
CBOE Volatility Index |
Call | 100 | $ | 300,000 | $ | 30 | 1/18/23 | $ | 4,000 | |||||||||||||||
Fidelity National Information Services Inc |
Call | 100 | 850,000 | 85 | 1/20/23 | 250 | ||||||||||||||||||
Amazon.com Inc |
Call | 100 | 1,100,000 | 110 | 1/20/23 | 550 | ||||||||||||||||||
Total Options Purchased (premiums paid $22,263) |
300 | $ | 2,250,000 | $ | 4,800 |
Description (5) | Type | Number of Contracts |
Notional Amount (6) |
Exercise Price |
Expiration Date |
Value | ||||||||||||||||||
Merck & Co Inc |
Call | (100 | ) | $ | (1,150,000 | ) | $ | 115 | 1/20/23 | $ | (6,950 | ) | ||||||||||||
McDonald’s Corp |
Call | (70 | ) | (2,030,000 | ) | 290 | 1/20/23 | (525 | ) | |||||||||||||||
S&P 500® Index |
Call | (660 | ) | (254,100,000 | ) | 3,850 | 1/20/23 | (4,748,700 | ) | |||||||||||||||
S&P 500® Index |
Call | (40 | ) | (16,000,000 | ) | 4,000 | 1/20/23 | (66,200 | ) | |||||||||||||||
Total Options Written (premiums received $6,700,474) |
(870 | ) | $ | (273,280,000 | ) | $ | (4,822,375 | ) |
(1) | All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted. |
(2) | Non‑income producing; issuer has not declared an ex‑dividend date within the past twelve months. |
(3) | Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in derivatives. |
(4) | Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over‑the‑counter (“OTC”) derivatives as well as the OTC cleared and exchange-traded derivatives, when applicable. The unrealized appreciation (depreciation) of OTC cleared and exchange-traded derivatives is recognized as part of the cash collateral at brokers and/or the receivable or payable for variation margin as presented on the Statement of Assets and Liabilities, when applicable. Other assets less liabilities also includes the value of options as presented on the Statement of Assets and Liabilities. |
(5) | Exchange-traded, unless otherwise noted. |
(6) | For disclosure purposes, Notional Amount is calculated by multiplying the Number of Contracts by the Exercise Price by 100. |
CBOE | Chicago Board Options Exchange |
ETF | Exchange-Traded Fund |
S&P | Standard & Poor’s |
SPXX | Nuveen S&P 500 Dynamic Overwrite Fund Portfolio of Investments December 31, 2022 |
Shares | Description (1) | Value | ||||||||||||||
LONG-TERM INVESTMENTS – 100.4% |
||||||||||||||||
COMMON STOCKS – 99.3% |
||||||||||||||||
Aerospace & Defense – 1.8% | ||||||||||||||||
243 | Axon Enterprise Inc (2) |
$ | 40,321 | |||||||||||||
6,047 | Boeing Co/The (2) |
1,151,893 | ||||||||||||||
1,033 | BWX Technologies Inc |
59,997 | ||||||||||||||
341 | Curtiss-Wright Corp |
56,944 | ||||||||||||||
2,029 | HEICO Corp |
311,735 | ||||||||||||||
2,947 | Lockheed Martin Corp |
1,433,686 | ||||||||||||||
16,848 | Raytheon Technologies Corp |
1,700,300 | ||||||||||||||
Total Aerospace & Defense |
4,754,876 | |||||||||||||||
Air Freight & Logistics – 0.7% | ||||||||||||||||
453 | Atlas Air Worldwide Holdings Inc (2) |
45,662 | ||||||||||||||
935 | GXO Logistics Inc (2) |
39,915 | ||||||||||||||
9,091 | United Parcel Service Inc, Class B |
1,580,379 | ||||||||||||||
2,805 | XPO Inc (2) |
93,379 | ||||||||||||||
Total Air Freight & Logistics |
1,759,335 | |||||||||||||||
Airlines – 0.1% | ||||||||||||||||
942 | Copa Holdings SA, Class A (2) |
78,346 | ||||||||||||||
3,101 | Frontier Group Holdings Inc (2) |
31,847 | ||||||||||||||
5,123 | JetBlue Airways Corp (2) |
33,197 | ||||||||||||||
3,683 | Spirit Airlines Inc |
71,745 | ||||||||||||||
Total Airlines |
215,135 | |||||||||||||||
Auto Components – 0.2% | ||||||||||||||||
890 | Adient PLC (2) |
30,874 | ||||||||||||||
606 | Fox Factory Holding Corp (2) |
55,285 | ||||||||||||||
1,876 | Goodyear Tire & Rubber Co (2) |
19,041 | ||||||||||||||
2,778 | Lear Corp |
344,528 | ||||||||||||||
742 | Visteon Corp (2) |
97,076 | ||||||||||||||
Total Auto Components |
546,804 | |||||||||||||||
Automobiles – 1.0% | ||||||||||||||||
5,520 | Fisker Inc (2),(3) |
40,130 | ||||||||||||||
2,305 | Harley-Davidson Inc |
95,888 | ||||||||||||||
5,385 | Lucid Group Inc (2),(3) |
36,780 | ||||||||||||||
1,133 | Rivian Automotive Inc, Class A (2) |
20,881 | ||||||||||||||
18,449 | Tesla Inc (2) |
2,272,548 | ||||||||||||||
1,369 | Thor Industries Inc |
103,346 | ||||||||||||||
Total Automobiles |
2,569,573 | |||||||||||||||
Banks – 3.7% | ||||||||||||||||
66,289 | Bank of America Corp |
2,195,492 | ||||||||||||||
24,922 | Citigroup Inc |
1,127,222 | ||||||||||||||
1,105 | Cullen/Frost Bankers Inc |
147,738 | ||||||||||||||
262 | First Citizens BancShares Inc/NC, Class A |
198,690 | ||||||||||||||
13,281 | First Horizon Corp |
325,385 | ||||||||||||||
28,382 | JPMorgan Chase & Co |
3,806,026 | ||||||||||||||
1,034 | Popular Inc |
68,575 | ||||||||||||||
1,205 | Renasant Corp |
45,296 | ||||||||||||||
1,095 | Synovus Financial Corp |
41,117 | ||||||||||||||
650 | Texas Capital Bancshares Inc (2) |
39,202 | ||||||||||||||
2,094 | United Community Banks Inc/GA |
70,777 | ||||||||||||||
2,227 | Webster Financial Corp |
105,426 | ||||||||||||||
35,245 | Wells Fargo & Co |
1,455,266 | ||||||||||||||
1,431 | Western Alliance Bancorp |
85,230 |
SPXX | Nuveen S&P 500 Dynamic Overwrite Fund (continued) | |
Portfolio of Investments December 31, 2022 |
Shares | Description (1) | Value | ||||||||||||||
Banks (continued) | ||||||||||||||||
1,884 | Wintrust Financial Corp |
$ | 159,236 | |||||||||||||
Total Banks |
9,870,678 | |||||||||||||||
Beverages – 2.3% | ||||||||||||||||
188 | Boston Beer Co Inc/The, Class A (2) |
61,950 | ||||||||||||||
46,630 | Coca-Cola Co |
2,966,134 | ||||||||||||||
16,493 | PepsiCo Inc |
2,979,625 | ||||||||||||||
Total Beverages |
6,007,709 | |||||||||||||||
Biotechnology – 2.4% | ||||||||||||||||
16,944 | AbbVie Inc |
2,738,320 | ||||||||||||||
2,527 | Alkermes PLC (2) |
66,030 | ||||||||||||||
6,353 | Amgen Inc (4) |
1,668,552 | ||||||||||||||
1,713 | Exact Sciences Corp (2) |
84,811 | ||||||||||||||
4,414 | Exelixis Inc (2) |
70,801 | ||||||||||||||
1,972 | Halozyme Therapeutics Inc (2) |
112,207 | ||||||||||||||
551 | Horizon Therapeutics Plc (2) |
62,704 | ||||||||||||||
787 | Ionis Pharmaceuticals Inc (2) |
29,725 | ||||||||||||||
253 | Karuna Therapeutics Inc (2) |
49,714 | ||||||||||||||
462 | Mirati Therapeutics Inc (2) |
20,933 | ||||||||||||||
1,283 | Neurocrine Biosciences Inc (2) |
153,241 | ||||||||||||||
632 | Sarepta Therapeutics Inc (2) |
81,895 | ||||||||||||||
790 | Seagen Inc (2) |
101,523 | ||||||||||||||
502 | United Therapeutics Corp (2) |
139,601 | ||||||||||||||
3,439 | Vertex Pharmaceuticals Inc (2) |
993,114 | ||||||||||||||
Total Biotechnology |
6,373,171 | |||||||||||||||
Building Products – 0.4% | ||||||||||||||||
726 | Advanced Drainage Systems Inc |
59,510 | ||||||||||||||
1,139 | Carlisle Cos Inc |
268,405 | ||||||||||||||
1,359 | Lennox International Inc |
325,114 | ||||||||||||||
2,476 | Owens Corning |
211,203 | ||||||||||||||
548 | Simpson Manufacturing Co Inc |
48,586 | ||||||||||||||
397 | Trex Co Inc (2) |
16,805 | ||||||||||||||
Total Building Products |
929,623 | |||||||||||||||
Capital Markets – 3.5% | ||||||||||||||||
713 | Affiliated Managers Group Inc |
112,961 | ||||||||||||||
1,880 | BlackRock Inc |
1,332,224 | ||||||||||||||
15,100 | Charles Schwab Corp/The |
1,257,226 | ||||||||||||||
4,266 | CME Group Inc |
717,370 | ||||||||||||||
820 | Coinbase Global Inc, Class A (2) |
29,020 | ||||||||||||||
1,462 | Federated Hermes Inc |
53,085 | ||||||||||||||
4,325 | Goldman Sachs Group Inc/The |
1,485,118 | ||||||||||||||
492 | Hamilton Lane Inc, Class A |
31,429 | ||||||||||||||
496 | Houlihan Lokey Inc |
43,231 | ||||||||||||||
962 | Interactive Brokers Group Inc, Class A |
69,601 | ||||||||||||||
8,753 | Intercontinental Exchange Inc |
897,970 | ||||||||||||||
1,228 | Janus Henderson Group PLC |
28,883 | ||||||||||||||
5,343 | KKR & Co Inc |
248,022 | ||||||||||||||
1,234 | Lazard Ltd, Class A |
42,783 | ||||||||||||||
269 | LPL Financial Holdings Inc |
58,150 | ||||||||||||||
15,489 | Morgan Stanley |
1,316,875 | ||||||||||||||
3,649 | Robinhood Markets Inc, Class A (2) |
29,703 | ||||||||||||||
4,479 | S&P Global Inc |
1,500,196 | ||||||||||||||
Total Capital Markets |
9,253,847 | |||||||||||||||
Chemicals – 1.1% | ||||||||||||||||
1,939 | Ashland Inc |
208,501 | ||||||||||||||
1,074 | Avient Corp |
36,258 | ||||||||||||||
337 | Balchem Corp |
41,151 | ||||||||||||||
4,387 | Cabot Corp |
293,227 | ||||||||||||||
7,188 | Chemours Co/The |
220,096 | ||||||||||||||
15,298 | Element Solutions Inc |
278,271 | ||||||||||||||
3,334 | HB Fuller Co |
238,781 |
Shares | Description (1) | Value | ||||||||||||||
Chemicals (continued) | ||||||||||||||||
1,130 | Ingevity Corporation (2) |
$ | 79,597 | |||||||||||||
2,479 | Livent Corp (2) |
49,258 | ||||||||||||||
765 | Minerals Technologies Inc |
46,451 | ||||||||||||||
152 | NewMarket Corp |
47,289 | ||||||||||||||
5,989 | Olin Corp |
317,058 | ||||||||||||||
5,603 | RPM International Inc |
546,012 | ||||||||||||||
3,550 | Scotts Miracle-Gro Co/The |
172,494 | ||||||||||||||
1,517 | Sensient Technologies Corp |
110,620 | ||||||||||||||
577 | Stepan Co |
61,427 | ||||||||||||||
8,818 | Tronox Holdings PLC |
120,895 | ||||||||||||||
1,434 | Valvoline Inc |
46,820 | ||||||||||||||
Total Chemicals |
2,914,206 | |||||||||||||||
Commercial Services & Supplies – 0.1% | ||||||||||||||||
638 | Clean Harbors Inc (2) |
72,809 | ||||||||||||||
2,741 | GEO Group Inc/The (2),(3) |
30,014 | ||||||||||||||
2,022 | IAA Inc (2) |
80,880 | ||||||||||||||
1,037 | Stericycle Inc (2) |
51,736 | ||||||||||||||
258 | UniFirst Corp/MA |
49,791 | ||||||||||||||
Total Commercial Services & Supplies |
285,230 | |||||||||||||||
Communications Equipment – 1.1% | ||||||||||||||||
45,597 | Cisco Systems Inc |
2,172,241 | ||||||||||||||
851 | Lumentum Holdings Inc (2) |
44,397 | ||||||||||||||
2,450 | Motorola Solutions Inc |
631,389 | ||||||||||||||
Total Communications Equipment |
2,848,027 | |||||||||||||||
Construction & Engineering – 0.1% | ||||||||||||||||
740 | EMCOR Group Inc |
109,602 | ||||||||||||||
595 | MasTec Inc (2) |
50,771 | ||||||||||||||
54 | Valmont Industries Inc |
17,856 | ||||||||||||||
3,189 | WillScot Mobile Mini Holdings Corp (2) |
144,047 | ||||||||||||||
Total Construction & Engineering |
322,276 | |||||||||||||||
Consumer Finance – 0.4% | ||||||||||||||||
6,691 | American Express Co |
988,595 | ||||||||||||||
12,265 | SoFi Technologies Inc (2) |
56,542 | ||||||||||||||
Total Consumer Finance |
1,045,137 | |||||||||||||||
Containers & Packaging – 0.4% | ||||||||||||||||
438 | AptarGroup Inc |
48,171 | ||||||||||||||
860 | Berry Global Group Inc |
51,970 | ||||||||||||||
5,526 | Crown Holdings Inc |
454,293 | ||||||||||||||
10,647 | Graphic Packaging Holding Co |
236,896 | ||||||||||||||
974 | Silgan Holdings Inc |
50,492 | ||||||||||||||
2,568 | Sonoco Products Co |
155,903 | ||||||||||||||
Total Containers & Packaging |
997,725 | |||||||||||||||
Diversified Consumer Services – 0.0% | ||||||||||||||||
477 | Bright Horizons Family Solutions Inc (2) |
30,099 | ||||||||||||||
1,227 | Service Corp International/US |
84,835 | ||||||||||||||
Total Diversified Consumer Services |
114,934 | |||||||||||||||
Diversified Financial Services – 2.1% | ||||||||||||||||
16,125 | Berkshire Hathaway Inc, Class B (2) |
4,981,013 | ||||||||||||||
8,363 | Equitable Holdings Inc |
240,018 | ||||||||||||||
5,055 | Voya Financial Inc |
310,832 | ||||||||||||||
Total Diversified Financial Services |
5,531,863 | |||||||||||||||
Diversified Telecommunication Services – 1.0% | ||||||||||||||||
64,987 | AT&T Inc |
1,196,411 | ||||||||||||||
36,333 | Verizon Communications Inc |
1,431,520 | ||||||||||||||
Total Diversified Telecommunication Services |
2,627,931 |
SPXX | Nuveen S&P 500 Dynamic Overwrite Fund (continued) | |
Portfolio of Investments December 31, 2022 |
Shares | Description (1) | Value | ||||||||||||||
Electric Utilities – 2.1% | ||||||||||||||||
1,162 | ALLETE Inc |
$ | 74,961 | |||||||||||||
18,646 | Duke Energy Corp |
1,920,352 | ||||||||||||||
2,579 | IDACORP Inc |
278,145 | ||||||||||||||
24,479 | NextEra Energy Inc |
2,046,444 | ||||||||||||||
18,829 | OGE Energy Corp |
744,687 | ||||||||||||||
730 | Otter Tail Corp |
42,858 | ||||||||||||||
7,972 | Portland General Electric Co |
390,628 | ||||||||||||||
Total Electric Utilities |
5,498,075 | |||||||||||||||
Electrical Equipment – 0.8% | ||||||||||||||||
221 | Acuity Brands Inc |
36,600 | ||||||||||||||
6,072 | Eaton Corp PLC |
953,000 | ||||||||||||||
8,927 | Emerson Electric Co |
857,528 | ||||||||||||||
744 | Hubbell Inc |
174,602 | ||||||||||||||
2,012 | Plug Power Inc (2),(3) |
24,889 | ||||||||||||||
2,872 | Sensata Technologies Holding PLC |
115,971 | ||||||||||||||
Total Electrical Equipment |
2,162,590 | |||||||||||||||
Electronic Equipment, Instruments & Components – 0.2% | ||||||||||||||||
1,329 | Arrow Electronics Inc (2) |
138,974 | ||||||||||||||
311 | Avnet Inc |
12,931 | ||||||||||||||
914 | Cognex Corp |
43,059 | ||||||||||||||
2,269 | Coherent Corp (2) |
79,642 | ||||||||||||||
414 | IPG Photonics Corp (2) |
39,193 | ||||||||||||||
3,219 | Jabil Inc |
219,536 | ||||||||||||||
Total Electronic Equipment, Instruments & Components |
533,335 | |||||||||||||||
Energy Equipment & Services – 0.4% | ||||||||||||||||
1,887 | ChampionX Corp |
54,704 | ||||||||||||||
1,072 | Dril-Quip Inc (2) |
29,126 | ||||||||||||||
4,568 | NOV Inc |
95,426 | ||||||||||||||
14,792 | Schlumberger Ltd |
790,780 | ||||||||||||||
2,888 | Technip Energies NV (2),(3) |
45,216 | ||||||||||||||
8,230 | TechnipFMC PLC (2) |
100,324 | ||||||||||||||
16,647 | Transocean Ltd (2) |
75,910 | ||||||||||||||
Total Energy Equipment & Services |
1,191,486 | |||||||||||||||
Entertainment – 1.2% | ||||||||||||||||
1,257 | AMC Entertainment Holdings Inc, Class A (2),(3) |
5,116 | ||||||||||||||
1,107 | Liberty Media Corp-Liberty Formula One, Class A (2) |
59,147 | ||||||||||||||
4,304 | Netflix Inc (2) |
1,269,163 | ||||||||||||||
1,382 | ROBLOX Corp, Class A (2) |
39,332 | ||||||||||||||
1,622 | Roku Inc (2) |
66,015 | ||||||||||||||
1,223 | Spotify Technology SA (2) |
96,556 | ||||||||||||||
18,144 | Walt Disney Co (2) |
1,576,351 | ||||||||||||||
Total Entertainment |
3,111,680 | |||||||||||||||
Equity Real Estate Investment Trusts – 2.5% | ||||||||||||||||
5,517 | Agree Realty Corp |
391,321 | ||||||||||||||
5,198 | Americold Realty Trust Inc |
147,155 | ||||||||||||||
5,269 | Apple Hospitality REIT Inc |
83,145 | ||||||||||||||
4,774 | Brandywine Realty Trust |
29,360 | ||||||||||||||
15,872 | Brixmor Property Group Inc |
359,818 | ||||||||||||||
3,021 | Broadstone Net Lease Inc |
48,970 | ||||||||||||||
4,246 | Cousins Properties Inc |
107,381 | ||||||||||||||
2,341 | EastGroup Properties Inc |
346,608 | ||||||||||||||
6,198 | Empire State Realty Trust Inc, Class A |
41,775 | ||||||||||||||
8,817 | Equity LifeStyle Properties Inc |
569,578 | ||||||||||||||
13,690 | First Industrial Realty Trust Inc |
660,679 | ||||||||||||||
7,702 | Gaming and Leisure Properties Inc |
401,197 | ||||||||||||||
98 | Healthcare Realty Trust Inc, Class A |
1,888 | ||||||||||||||
2,856 | Highwoods Properties Inc |
79,911 | ||||||||||||||
1,750 | Hudson Pacific Properties Inc |
17,028 | ||||||||||||||
7,923 | Independence Realty Trust Inc |
133,582 |
Shares | Description (1) | Value | ||||||||||||||
Equity Real Estate Investment Trusts (continued) | ||||||||||||||||
144 | Innovative Industrial Properties Inc |
$ | 14,594 | |||||||||||||
2,825 | Lamar Advertising Co, Class A |
266,680 | ||||||||||||||
2,987 | Life Storage Inc |
294,220 | ||||||||||||||
2,787 | Macerich Co/The |
31,382 | ||||||||||||||
8,772 | National Retail Properties Inc |
401,407 | ||||||||||||||
1,038 | National Storage Affiliates Trust |
37,493 | ||||||||||||||
5,266 | Omega Healthcare Investors Inc |
147,185 | ||||||||||||||
1,895 | Outfront Media Inc |
31,419 | ||||||||||||||
6,410 | Park Hotels & Resorts Inc |
75,574 | ||||||||||||||
1,633 | Pebblebrook Hotel Trust |
21,866 | ||||||||||||||
7,163 | Phillips Edison & Co Inc |
228,070 | ||||||||||||||
1,742 | PotlatchDeltic Corp |
76,631 | ||||||||||||||
12,178 | Prologis Inc |
1,372,826 | ||||||||||||||
3,073 | RLJ Lodging Trust |
32,543 | ||||||||||||||
940 | Ryman Hospitality Properties Inc |
76,873 | ||||||||||||||
1,070 | Seritage Growth Properties (2) |
12,658 | ||||||||||||||
2,605 | Service Properties Trust |
18,990 | ||||||||||||||
4,261 | SITE Centers Corp |
58,205 | ||||||||||||||
468 | SL Green Realty Corp |
15,781 | ||||||||||||||
4,169 | Summit Hotel Properties Inc |
30,100 | ||||||||||||||
2,214 | Xenia Hotels & Resorts Inc |
29,181 | ||||||||||||||
Total Equity Real Estate Investment Trusts |
6,693,074 | |||||||||||||||
Food & Staples Retailing – 1.7% | ||||||||||||||||
1,493 | BJ’s Wholesale Club Holdings Inc (2) |
98,777 | ||||||||||||||
362 | Casey’s General Stores Inc |
81,214 | ||||||||||||||
4,856 | Costco Wholesale Corp |
2,216,764 | ||||||||||||||
826 | Performance Food Group Co (2) |
48,230 | ||||||||||||||
2,236 | US Foods Holding Corp (2) |
76,069 | ||||||||||||||
13,662 | Walmart Inc |
1,937,135 | ||||||||||||||
Total Food & Staples Retailing |
4,458,189 | |||||||||||||||
Food Products – 0.8% | ||||||||||||||||
8,727 | Archer-Daniels-Midland Co |
810,302 | ||||||||||||||
1,783 | Bunge Ltd (2) |
177,890 | ||||||||||||||
605 | Cal‑Maine Foods Inc |
32,942 | ||||||||||||||
1,429 | Darling Ingredients Inc (2) |
89,441 | ||||||||||||||
12,862 | Flowers Foods Inc |
369,654 | ||||||||||||||
646 | Freshpet Inc (2) |
34,089 | ||||||||||||||
2,288 | Hain Celestial Group Inc/The (2) |
37,020 | ||||||||||||||
4,040 | Hostess Brands Inc (2) |
90,658 | ||||||||||||||
427 | Lancaster Colony Corp |
84,247 | ||||||||||||||
1,393 | Pilgrim’s Pride Corp (2) |
33,056 | ||||||||||||||
2,590 | Post Holdings Inc (2) |
233,773 | ||||||||||||||
1,554 | Simply Good Foods Co/The (2) |
59,099 | ||||||||||||||
Total Food Products |
2,052,171 | |||||||||||||||
Gas Utilities – 0.1% | ||||||||||||||||
1,299 | National Fuel Gas Co |
82,227 | ||||||||||||||
2,125 | New Jersey Resources Corp |
105,442 | ||||||||||||||
860 | Southwest Gas Holdings Inc |
53,217 | ||||||||||||||
707 | Spire Inc |
48,684 | ||||||||||||||
Total Gas Utilities |
289,570 | |||||||||||||||
Health Care Equipment & Supplies – 2.9% | ||||||||||||||||
19,910 | Abbott Laboratories |
2,185,919 | ||||||||||||||
763 | Axonics Inc (2) |
47,710 | ||||||||||||||
28,668 | Boston Scientific Corp (2) |
1,326,468 | ||||||||||||||
1,373 | CONMED Corp |
121,703 | ||||||||||||||
450 | Enovis Corp (2) |
24,084 | ||||||||||||||
5,911 | Envista Holdings Corp (2) |
199,023 | ||||||||||||||
3,598 | Globus Medical Inc, Class A (2) |
267,223 | ||||||||||||||
581 | Haemonetics Corp (2) |
45,696 | ||||||||||||||
885 | ICU Medical Inc (2) |
139,370 | ||||||||||||||
767 | Inari Medical Inc (2) |
48,751 |
SPXX | Nuveen S&P 500 Dynamic Overwrite Fund (continued) | |
Portfolio of Investments December 31, 2022 |
Shares | Description (1) | Value | ||||||||||||||
Health Care Equipment & Supplies (continued) | ||||||||||||||||
4,778 | Intuitive Surgical Inc (2) |
$ | 1,267,842 | |||||||||||||
697 | Lantheus Holdings Inc (2) |
35,519 | ||||||||||||||
285 | Masimo Corp (2) |
42,166 | ||||||||||||||
18,956 | Medtronic PLC |
1,473,260 | ||||||||||||||
1,111 | Merit Medical Systems Inc (2) |
78,459 | ||||||||||||||
11,229 | Neogen Corp (2) |
171,018 | ||||||||||||||
352 | Omnicell Inc (2) |
17,748 | ||||||||||||||
433 | Penumbra Inc (2) |
96,325 | ||||||||||||||
689 | QuidelOrtho Corp (2) |
59,027 | ||||||||||||||
217 | Shockwave Medical Inc (2) |
44,617 | ||||||||||||||
428 | STAAR Surgical Co (2) |
20,775 | ||||||||||||||
1,122 | Tandem Diabetes Care Inc (2) |
50,434 | ||||||||||||||
Total Health Care Equipment & Supplies |
7,763,137 | |||||||||||||||
Health Care Providers & Services – 3.7% | ||||||||||||||||
699 | Acadia Healthcare Co Inc (2) |
57,542 | ||||||||||||||
655 | Amedisys Inc (2) |
54,719 | ||||||||||||||
524 | AMN Healthcare Services Inc (2) |
53,878 | ||||||||||||||
13,685 | CVS Health Corp |
1,275,305 | ||||||||||||||
2,682 | Elevance Health Inc |
1,375,785 | ||||||||||||||
2,253 | Encompass Health Corp |
134,752 | ||||||||||||||
494 | Enhabit Inc (2) |
6,501 | ||||||||||||||
1,783 | Humana Inc |
913,235 | ||||||||||||||
2,513 | McKesson Corp |
942,676 | ||||||||||||||
1,588 | Option Care Health Inc (2) |
47,783 | ||||||||||||||
1,410 | Signify Health Inc, Class A (2) |
40,410 | ||||||||||||||
2,273 | Tenet Healthcare Corp (2) |
110,900 | ||||||||||||||
8,873 | UnitedHealth Group Inc |
4,704,287 | ||||||||||||||
Total Health Care Providers & Services |
9,717,773 | |||||||||||||||
Health Care Technology – 0.1% | ||||||||||||||||
1,637 | Doximity Inc, Class A (2) |
54,938 | ||||||||||||||
512 | Inspire Medical Systems Inc (2) |
128,962 | ||||||||||||||
3,394 | Teladoc Health Inc (2) |
80,268 | ||||||||||||||
Total Health Care Technology |
264,168 | |||||||||||||||
Hotels, Restaurants & Leisure – 2.2% | ||||||||||||||||
344 | Airbnb Inc (2) |
29,412 | ||||||||||||||
3,034 | Aramark |
125,426 | ||||||||||||||
481 | Booking Holdings Inc (2) |
969,350 | ||||||||||||||
2,536 | Boyd Gaming Corp |
138,288 | ||||||||||||||
4,245 | DraftKings Inc (2),(3) |
48,351 | ||||||||||||||
1,128 | Hilton Grand Vacations Inc (2) |
43,473 | ||||||||||||||
3,523 | Hyatt Hotels Corp (2) |
318,655 | ||||||||||||||
972 | Marriott Vacations Worldwide Corp |
130,822 | ||||||||||||||
8,883 | McDonald’s Corp |
2,340,937 | ||||||||||||||
1,730 | Penn Entertainment Inc (2) |
51,381 | ||||||||||||||
1,641 | Planet Fitness Inc (2) |
129,311 | ||||||||||||||
746 | SeaWorld Entertainment Inc (2) |
39,918 | ||||||||||||||
2,073 | Six Flags Entertainment Corp (2) |
48,197 | ||||||||||||||
13,527 | Starbucks Corp |
1,341,878 | ||||||||||||||
855 | Travel + Leisure Co |
31,122 | ||||||||||||||
173 | Vail Resorts Inc |
41,235 | ||||||||||||||
4,542 | Wendy’s Co/The |
102,785 | ||||||||||||||
Total Hotels, Restaurants & Leisure |
5,930,541 | |||||||||||||||
Household Durables – 0.3% | ||||||||||||||||
10,067 | KB Home |
320,634 | ||||||||||||||
1,448 | Leggett & Platt Inc |
46,669 | ||||||||||||||
491 | Meritage Homes Corp (2) |
45,270 | ||||||||||||||
610 | Skyline Champion Corp (2) |
31,421 | ||||||||||||||
4,109 | Sonos Inc (2) |
69,442 | ||||||||||||||
4,602 | Taylor Morrison Home Corp (2) |
139,671 | ||||||||||||||
6,710 | Tempur Sealy International Inc |
230,354 |
Shares | Description (1) | Value | ||||||||||||||
Household Durables (continued) | ||||||||||||||||
219 | TopBuild Corp (2) |
$ | 34,272 | |||||||||||||
Total Household Durables |
917,733 | |||||||||||||||
Household Products – 1.9% | ||||||||||||||||
10,458 | Colgate-Palmolive Co |
823,986 | ||||||||||||||
5,225 | Kimberly-Clark Corp |
709,293 | ||||||||||||||
22,455 | Procter & Gamble Co/The |
3,403,280 | ||||||||||||||
Total Household Products |
4,936,559 | |||||||||||||||
Independent Power And Renewable Electricity Producers – 0.2% | ||||||||||||||||
2,908 | Brookfield Renewable Corp, Class A |
80,086 | ||||||||||||||
5,568 | Clearway Energy Inc, Class C |
177,452 | ||||||||||||||
617 | Sunnova Energy International Inc (2) |
11,112 | ||||||||||||||
8,660 | Vistra Corp |
200,912 | ||||||||||||||
Total Independent Power And Renewable Electricity Producers |
469,562 | |||||||||||||||
Industrial Conglomerates – 0.9% | ||||||||||||||||
11,326 | Honeywell International Inc |
2,427,162 | ||||||||||||||
Insurance – 2.2% | ||||||||||||||||
3,357 | American Equity Investment Life Holding Co |
153,146 | ||||||||||||||
1,449 | American Financial Group Inc/OH |
198,919 | ||||||||||||||
9,746 | Arch Capital Group Ltd (2) |
611,854 | ||||||||||||||
5,688 | Arthur J Gallagher & Co |
1,072,416 | ||||||||||||||
1,126 | Axis Capital Holdings Ltd |
60,995 | ||||||||||||||
2,593 | Brighthouse Financial Inc (2) |
132,943 | ||||||||||||||
774 | First American Financial Corp |
40,511 | ||||||||||||||
863 | Hanover Insurance Group Inc/The |
116,617 | ||||||||||||||
196 | Kinsale Capital Group Inc |
51,258 | ||||||||||||||
8,946 | Marsh & McLennan Cos Inc |
1,480,384 | ||||||||||||||
1,650 | Primerica Inc |
234,003 | ||||||||||||||
943 | Reinsurance Group of America Inc |
133,991 | ||||||||||||||
654 | RLI Corp |
85,851 | ||||||||||||||
1,002 | Selective Insurance Group Inc |
88,787 | ||||||||||||||
6,012 | Travelers Cos Inc/The |
1,127,190 | ||||||||||||||
6,369 | Unum Group |
261,320 | ||||||||||||||
Total Insurance |
5,850,185 | |||||||||||||||
Interactive Media & Services – 4.3% | ||||||||||||||||
51,060 | Alphabet Inc, Class A (2) |
4,505,024 | ||||||||||||||
46,619 | Alphabet Inc, Class C (2) |
4,136,504 | ||||||||||||||
1,216 | IAC Inc (2) |
53,990 | ||||||||||||||
21,025 | Meta Platforms Inc (2) |
2,530,149 | ||||||||||||||
5,089 | Pinterest Inc, Class A (2) |
123,561 | ||||||||||||||
1,337 | TripAdvisor Inc (2) |
24,039 | ||||||||||||||
412 | Ziff Davis Inc (2) |
32,589 | ||||||||||||||
1,991 | ZoomInfo Technologies Inc (2) |
59,949 | ||||||||||||||
Total Interactive Media & Services |
11,465,805 | |||||||||||||||
Internet & Direct Marketing Retail – 2.5% | ||||||||||||||||
77,160 | Amazon.com Inc (2),(4) |
6,481,440 | ||||||||||||||
979 | DoorDash Inc, Class A (2) |
47,795 | ||||||||||||||
902 | Wayfair Inc, Class A (2) |
29,667 | ||||||||||||||
Total Internet & Direct Marketing Retail |
6,558,902 | |||||||||||||||
IT Services – 4.2% | ||||||||||||||||
1,672 | Affirm Holdings Inc (2),(3) |
16,168 | ||||||||||||||
2,579 | Amdocs Ltd |
234,431 | ||||||||||||||
4,506 | Automatic Data Processing Inc |
1,076,303 | ||||||||||||||
411 | Block Inc (2) |
25,827 | ||||||||||||||
805 | Cloudflare Inc, Class A (2) |
36,394 | ||||||||||||||
343 | Concentrix Corp |
45,674 | ||||||||||||||
857 | Euronet Worldwide Inc (2) |
80,884 | ||||||||||||||
185 | ExlService Holdings Inc (2) |
31,345 |
SPXX | Nuveen S&P 500 Dynamic Overwrite Fund (continued) | |
Portfolio of Investments December 31, 2022 |
Shares | Description (1) | Value | ||||||||||||||
IT Services (continued) | ||||||||||||||||
9,519 | Fidelity National Information Services Inc |
$ | 645,864 | |||||||||||||
340 | Globant SA (2) |
57,174 | ||||||||||||||
2,561 | GoDaddy Inc, Class A (2) |
191,614 | ||||||||||||||
8,292 | International Business Machines Corp |
1,168,260 | ||||||||||||||
8,329 | Mastercard Inc |
2,896,243 | ||||||||||||||
421 | MongoDB Inc (2) |
82,870 | ||||||||||||||
258 | Okta Inc (2) |
17,629 | ||||||||||||||
12,890 | PayPal Holdings Inc (2) |
918,026 | ||||||||||||||
151 | Snowflake Inc, Class A (2) |
21,675 | ||||||||||||||
1,592 | Toast Inc, Class A (2) |
28,704 | ||||||||||||||
1,577 | Twilio Inc, Class A (2) |
77,210 | ||||||||||||||
16,613 | Visa Inc, Class A |
3,451,517 | ||||||||||||||
3,260 | Western Union Co/The |
44,890 | ||||||||||||||
410 | Wix.com Ltd (2) |
31,500 | ||||||||||||||
Total IT Services |
11,180,202 | |||||||||||||||
Leisure Products – 0.0% | ||||||||||||||||
2,412 | Mattel Inc (2) |
43,030 | ||||||||||||||
Life Sciences Tools & Services – 1.8% | ||||||||||||||||
1,708 | Avantor Inc (2) |
36,022 | ||||||||||||||
2,547 | Bruker Corp |
174,088 | ||||||||||||||
7,053 | Danaher Corp |
1,872,007 | ||||||||||||||
557 | Medpace Holdings Inc (2) |
118,312 | ||||||||||||||
471 | Repligen Corp (2) |
79,745 | ||||||||||||||
2,153 | Syneos Health Inc (2) |
78,972 | ||||||||||||||
4,185 | Thermo Fisher Scientific Inc |
2,304,638 | ||||||||||||||
Total Life Sciences Tools & Services |
4,663,784 | |||||||||||||||
Machinery – 2.2% | ||||||||||||||||
967 | AGCO Corp |
134,113 | ||||||||||||||
5,593 | Caterpillar Inc |
1,339,859 | ||||||||||||||
298 | Chart Industries Inc (2) |
34,339 | ||||||||||||||
3,551 | Cummins Inc |
860,372 | ||||||||||||||
3,017 | Deere & Co |
1,293,569 | ||||||||||||||
450 | Esab Corp |
21,114 | ||||||||||||||
4,172 | Graco Inc |
280,609 | ||||||||||||||
6,761 | Illinois Tool Works Inc |
1,489,448 | ||||||||||||||
1,070 | ITT Inc |
86,777 | ||||||||||||||
1,095 | Middleby Corp/The (2) |
146,620 | ||||||||||||||
1,377 | Oshkosh Corp |
121,438 | ||||||||||||||
731 | Timken Co/The |
51,660 | ||||||||||||||
Total Machinery |
5,859,918 | |||||||||||||||
Media – 0.8% | ||||||||||||||||
37 | Cable One Inc |
26,339 | ||||||||||||||
46,008 | Comcast Corp, Class A |
1,608,900 | ||||||||||||||
2,501 | Liberty Broadband Corp, Class A |
189,701 | ||||||||||||||
4,866 | Liberty Media Corp-Liberty SiriusXM |
191,282 | ||||||||||||||
Total Media |
2,016,222 | |||||||||||||||
Metals & Mining – 0.5% | ||||||||||||||||
2,176 | Alcoa Corp |
98,943 | ||||||||||||||
4,597 | Cleveland-Cliffs Inc (2) |
74,058 | ||||||||||||||
14,773 | Hecla Mining Co |
82,138 | ||||||||||||||
2,400 | MP Materials Corp (2) |
58,272 | ||||||||||||||
555 | Reliance Steel & Aluminum Co |
112,354 | ||||||||||||||
3,190 | Royal Gold Inc |
359,577 | ||||||||||||||
2,973 | Southern Copper Corp |
179,539 | ||||||||||||||
5,367 | SSR Mining Inc |
84,101 | ||||||||||||||
1,173 | Steel Dynamics Inc |
114,602 | ||||||||||||||
3,022 | United States Steel Corp |
75,701 | ||||||||||||||
Total Metals & Mining |
1,239,285 |
Shares | Description (1) | Value | ||||||||||||||
Mortgage Real Estate Investment Trusts – 0.0% | ||||||||||||||||
4,596 | AGNC Investment Corp |
$ | 47,569 | |||||||||||||
4,129 | Starwood Property Trust Inc |
75,684 | ||||||||||||||
Total Mortgage Real Estate Investment Trusts (Reits) |
123,253 | |||||||||||||||
Multiline Retail – 0.3% | ||||||||||||||||
3,604 | Macy’s Inc |
74,422 | ||||||||||||||
5,646 | Target Corp |
841,480 | ||||||||||||||
Total Multiline Retail |
915,902 | |||||||||||||||
Multi-Utilities – 0.7% | ||||||||||||||||
3,388 | Black Hills Corp |
238,312 | ||||||||||||||
15,920 | Consolidated Edison Inc |
1,517,335 | ||||||||||||||
3,208 | NorthWestern Corp |
190,363 | ||||||||||||||
Total Multi-Utilities |
1,946,010 | |||||||||||||||
Oil, Gas & Consumable Fuels – 4.8% | ||||||||||||||||
4,761 | Antero Midstream Corp |
51,371 | ||||||||||||||
2,150 | Antero Resources Corp (2) |
66,628 | ||||||||||||||
326 | Cheniere Energy Inc |
48,887 | ||||||||||||||
999 | Chesapeake Energy Corp |
94,276 | ||||||||||||||
18,163 | Chevron Corp |
3,260,077 | ||||||||||||||
4,084 | CNX Resources Corp (2) |
68,775 | ||||||||||||||
175 | Comstock Resources Inc |
2,399 | ||||||||||||||
13,367 | ConocoPhillips |
1,577,306 | ||||||||||||||
555 | Denbury Inc (2) |
48,296 | ||||||||||||||
12,492 | Devon Energy Corp |
768,383 | ||||||||||||||
4,475 | Equitrans Midstream Corp |
29,983 | ||||||||||||||
39,104 | Exxon Mobil Corp |
4,313,171 | ||||||||||||||
1,940 | Magnolia Oil & Gas Corp, Class A |
45,493 | ||||||||||||||
10,200 | Marathon Petroleum Corp |
1,187,178 | ||||||||||||||
1,119 | Matador Resources Co |
64,052 | ||||||||||||||
1,550 | Murphy Oil Corp |
66,665 | ||||||||||||||
2,767 | Ovintiv Inc |
140,315 | ||||||||||||||
826 | PDC Energy Inc |
52,434 | ||||||||||||||
3,926 | Permian Resources Corp |
36,904 | ||||||||||||||
4,795 | Phillips 66 |
499,064 | ||||||||||||||
4,093 | Range Resources Corp |
102,407 | ||||||||||||||
902 | SM Energy Co |
31,417 | ||||||||||||||
14,618 | Southwestern Energy Co (2) |
85,515 | ||||||||||||||
Total Oil, Gas & Consumable Fuels |
12,640,996 | |||||||||||||||
Paper & Forest Products – 0.0% | ||||||||||||||||
1,873 | Louisiana-Pacific Corp |
110,882 | ||||||||||||||
Personal Products – 0.0% | ||||||||||||||||
1,115 | BellRing Brands Inc (2) |
28,589 | ||||||||||||||
Pharmaceuticals – 5.1% | ||||||||||||||||
20,156 | Bristol-Myers Squibb Co |
1,450,224 | ||||||||||||||
5,649 | Elanco Animal Health Inc (2) |
69,031 | ||||||||||||||
6,826 | Eli Lilly & Co |
2,497,224 | ||||||||||||||
512 | Jazz Pharmaceuticals PLC (2) |
81,567 | ||||||||||||||
23,030 | Johnson & Johnson |
4,068,249 | ||||||||||||||
23,887 | Merck & Co Inc |
2,650,263 | ||||||||||||||
50,011 | Pfizer Inc |
2,562,563 | ||||||||||||||
1,490 | Royalty Pharma PLC |
58,885 | ||||||||||||||
Total Pharmaceuticals |
13,438,006 | |||||||||||||||
Professional Services – 0.2% | ||||||||||||||||
558 | ASGN Inc (2) |
45,466 | ||||||||||||||
1,292 | Booz Allen Hamilton Holding Corp |
135,040 | ||||||||||||||
270 | CACI International Inc, Class A (2) |
81,159 | ||||||||||||||
6,728 | Clarivate PLC (2) |
56,112 | ||||||||||||||
488 | Exponent Inc |
48,356 |
SPXX | Nuveen S&P 500 Dynamic Overwrite Fund (continued) | |
Portfolio of Investments December 31, 2022 |
Shares | Description (1) | Value | ||||||||||||||
Professional Services (continued) | ||||||||||||||||
2,665 | KBR Inc |
$ | 140,712 | |||||||||||||
596 | Science Applications International Corp |
66,114 | ||||||||||||||
Total Professional Services |
572,959 | |||||||||||||||
Real Estate Management & Development – 0.1% | ||||||||||||||||
1,786 | Anywhere Real Estate Inc (2) |
11,413 | ||||||||||||||
588 | eXp World Holdings Inc (3) |
6,515 | ||||||||||||||
538 | Howard Hughes Corp/The (2) |
41,114 | ||||||||||||||
1,231 | Jones Lang LaSalle Inc (2) |
196,184 | ||||||||||||||
2,209 | Kennedy-Wilson Holdings Inc |
34,748 | ||||||||||||||
3,107 | Zillow Group Inc, Class C (2) |
100,076 | ||||||||||||||
Total Real Estate Management & Development |
390,050 | |||||||||||||||
Road & Rail – 0.8% | ||||||||||||||||
183 | Avis Budget Group Inc (2) |
29,999 | ||||||||||||||
979 | Knight-Swift Transportation Holdings Inc |
51,309 | ||||||||||||||
3,979 | Lyft Inc, Class A (2) |
43,849 | ||||||||||||||
463 | Saia Inc (2) |
97,082 | ||||||||||||||
1,498 | Uber Technologies Inc (2) |
37,045 | ||||||||||||||
8,439 | Union Pacific Corp |
1,747,464 | ||||||||||||||
Total Road & Rail |
2,006,748 | |||||||||||||||
Semiconductors & Semiconductor Equipment – 5.1% | ||||||||||||||||
7,908 | Analog Devices Inc |
1,297,149 | ||||||||||||||
16,232 | Applied Materials Inc |
1,580,672 | ||||||||||||||
3,862 | Broadcom Inc |
2,159,360 | ||||||||||||||
64 | First Solar Inc (2) |
9,587 | ||||||||||||||
41,460 | Intel Corp |
1,095,788 | ||||||||||||||
741 | Lattice Semiconductor Corp (2) |
48,076 | ||||||||||||||
1,025 | Marvell Technology Inc |
37,966 | ||||||||||||||
10,021 | Microchip Technology Inc |
703,975 | ||||||||||||||
2,390 | MKS INSTRUMENTS INC |
202,505 | ||||||||||||||
23,078 | NVIDIA Corp |
3,372,619 | ||||||||||||||
11,276 | QUALCOMM Inc |
1,239,683 | ||||||||||||||
644 | Semtech Corp (2) |
18,476 | ||||||||||||||
352 | Silicon Laboratories Inc (2) |
47,756 | ||||||||||||||
10,681 | Texas Instruments Inc |
1,764,715 | ||||||||||||||
521 | Universal Display Corp |
56,289 | ||||||||||||||
597 | Wolfspeed Inc (2) |
41,217 | ||||||||||||||
Total Semiconductors & Semiconductor Equipment |
13,675,833 | |||||||||||||||
Software – 8.6% | ||||||||||||||||
4,769 | Adobe Inc (2) |
1,604,912 | ||||||||||||||
791 | Altair Engineering Inc, Class A (2) |
35,967 | ||||||||||||||
249 | Atlassian Corp Ltd, Class A (2) |
32,041 | ||||||||||||||
2,833 | Autodesk Inc (2) |
529,403 | ||||||||||||||
387 | Bill.com Holdings Inc (2) |
42,167 | ||||||||||||||
1,395 | Black Knight Inc (2) |
86,141 | ||||||||||||||
499 | Blackline Inc (2) |
33,568 | ||||||||||||||
1,466 | Box Inc, Class A (2) |
45,637 | ||||||||||||||
791 | Coupa Software Inc (2) |
62,623 | ||||||||||||||
1,058 | Crowdstrike Holdings Inc, Class A (2) |
111,397 | ||||||||||||||
330 | Datadog Inc, Class A (2) |
24,255 | ||||||||||||||
365 | DocuSign Inc (2) |
20,228 | ||||||||||||||
2,055 | Dropbox Inc, Class A (2) |
45,991 | ||||||||||||||
866 | Dynatrace Inc (2) |
33,168 | ||||||||||||||
515 | Elastic NV (2) |
26,522 | ||||||||||||||
142 | Fair Isaac Corp (2) |
84,998 | ||||||||||||||
1,172 | Five9 Inc (2) |
79,532 | ||||||||||||||
721 | Guidewire Software Inc (2) |
45,106 | ||||||||||||||
79 | HubSpot Inc (2) |
22,841 | ||||||||||||||
2,810 | Intuit Inc |
1,093,708 | ||||||||||||||
537 | Manhattan Associates Inc (2) |
65,192 | ||||||||||||||
64,364 | Microsoft Corp (4) |
15,435,774 | ||||||||||||||
55 | MicroStrategy Inc, Class A (2),(3) |
7,786 |
Shares | Description (1) | Value | ||||||||||||||
Software (continued) | ||||||||||||||||
2,273 | Nutanix Inc, Class A (2) |
$ | 59,212 | |||||||||||||
15,047 | Oracle Corp |
1,229,942 | ||||||||||||||
8,904 | Palantir Technologies Inc, Class A (2) |
57,164 | ||||||||||||||
1,366 | Palo Alto Networks Inc (2) |
190,612 | ||||||||||||||
281 | Paylocity Holding Corp (2) |
54,587 | ||||||||||||||
592 | Pegasystems Inc |
20,270 | ||||||||||||||
291 | Qualys Inc (2) |
32,659 | ||||||||||||||
454 | Rapid7 Inc (2) |
15,427 | ||||||||||||||
1,278 | RingCentral Inc, Class A (2) |
45,241 | ||||||||||||||
9,236 | Salesforce Inc (2) |
1,224,601 | ||||||||||||||
1,619 | Splunk Inc (2) |
139,380 | ||||||||||||||
1,110 | Teradata Corp (2) |
37,363 | ||||||||||||||
632 | Trade Desk Inc/The, Class A (2) |
28,333 | ||||||||||||||
3,502 | UiPath Inc, Class A (2) |
44,510 | ||||||||||||||
1,252 | Unity Software Inc (2) |
35,795 | ||||||||||||||
1,105 | Verint Systems Inc (2) |
40,089 | ||||||||||||||
1,985 | Zoom Video Communications Inc, Class A (2) |
134,464 | ||||||||||||||
219 | Zscaler Inc (2) |
24,506 | ||||||||||||||
Total Software |
22,983,112 | |||||||||||||||
Specialty Retail – 2.4% | ||||||||||||||||
839 | AutoNation Inc (2) |
90,025 | ||||||||||||||
291 | Burlington Stores Inc (2) |
59,003 | ||||||||||||||
1,137 | Dick’s Sporting Goods Inc |
136,770 | ||||||||||||||
280 | Five Below Inc (2) |
49,523 | ||||||||||||||
517 | Floor & Decor Holdings Inc, Class A (2) |
35,999 | ||||||||||||||
9,955 | Home Depot Inc/The |
3,144,386 | ||||||||||||||
343 | Lithia Motors Inc |
70,226 | ||||||||||||||
7,792 | Lowe’s Cos Inc |
1,552,478 | ||||||||||||||
5 | Murphy USA Inc |
1,398 | ||||||||||||||
542 | Penske Automotive Group Inc |
62,292 | ||||||||||||||
512 | RH (2) |
136,801 | ||||||||||||||
13,766 | TJX Cos Inc/The |
1,095,774 | ||||||||||||||
627 | Williams-Sonoma Inc |
72,055 | ||||||||||||||
Total Specialty Retail |
6,506,730 | |||||||||||||||
Technology Hardware, Storage & Peripherals – 6.3% | ||||||||||||||||
127,076 | Apple Inc (4) |
16,510,984 | ||||||||||||||
4,805 | Dell Technologies Inc, Class C |
193,257 | ||||||||||||||
3,243 | Pure Storage Inc, Class A (2) |
86,783 | ||||||||||||||
Total Technology Hardware, Storage & Peripherals |
16,791,024 | |||||||||||||||
Textiles, Apparel & Luxury Goods – 0.7% | ||||||||||||||||
1,164 | Capri Holdings Ltd (2) |
66,720 | ||||||||||||||
233 | Deckers Outdoor Corp (2) |
93,004 | ||||||||||||||
13,368 | NIKE Inc, Class B |
1,564,190 | ||||||||||||||
11,692 | Under Armour Inc, Class A (2) |
118,791 | ||||||||||||||
Total Textiles, Apparel & Luxury Goods |
1,842,705 | |||||||||||||||
Thrifts & Mortgage Finance – 0.1% | ||||||||||||||||
2,768 | MGIC Investment Corp |
35,984 | ||||||||||||||
4,106 | New York Community Bancorp Inc |
35,311 | ||||||||||||||
440 | PennyMac Financial Services Inc |
24,930 | ||||||||||||||
1,111 | Radian Group Inc |
21,187 | ||||||||||||||
13,006 | Rocket Cos Inc, Class A |
91,042 | ||||||||||||||
3,026 | TFS Financial Corp |
43,605 | ||||||||||||||
Total Thrifts & Mortgage Finance |
252,059 | |||||||||||||||
Tobacco – 0.8% | ||||||||||||||||
17,306 | Altria Group Inc |
791,057 | ||||||||||||||
13,855 | Philip Morris International Inc |
1,402,265 | ||||||||||||||
Total Tobacco |
2,193,322 |
SPXX | Nuveen S&P 500 Dynamic Overwrite Fund (continued) | |
Portfolio of Investments December 31, 2022 |
Shares | Description (1) | Value | ||||||||||||||
Trading Companies & Distributors – 0.4% | ||||||||||||||||
271 | SiteOne Landscape Supply Inc (2) |
$ | 31,794 | |||||||||||||
1,913 | Univar Solutions Inc (2) |
60,833 | ||||||||||||||
1,031 | Watsco Inc |
257,131 | ||||||||||||||
686 | WESCO International Inc (2) |
85,887 | ||||||||||||||
1,331 | WW Grainger Inc |
740,369 | ||||||||||||||
Total Trading Companies & Distributors |
1,176,014 | |||||||||||||||
Water Utilities – 0.0% | ||||||||||||||||
480 | American States Water Co |
44,424 | ||||||||||||||
Wireless Telecommunication Services – 0.0% | ||||||||||||||||
1,094 | United States Cellular Corp (2) |
22,810 | ||||||||||||||
Total Common Stocks (cost $128,473,232) |
263,923,646 | |||||||||||||||
Shares | Description (1) | Value | ||||||||||||||
EXCHANGE-TRADED FUNDS – 1.1% | ||||||||||||||||
15,000 | Vanguard Total Stock Market ETF |
2,867,850 | ||||||||||||||
Total Exchange-Traded Funds (cost $2,851,175) |
2,867,850 | |||||||||||||||
Total Long-Term Investments (cost $131,324,407) |
266,791,496 | |||||||||||||||
Shares | Description (1) | Coupon | Value | |||||||||||||
INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 0.1 % | ||||||||||||||||
MONEY MARKET FUNDS – 0.1% |
||||||||||||||||
259,831 | State Street Navigator Securities Lending Government Money Market Portfolio (5) |
4.340% | (6) | $ | 259,831 | |||||||||||
Total Investments Purchased with Collateral from Securities Lending (cost $259,831) |
259,831 | |||||||||||||||
Principal Amount (000) |
Description (1) | Coupon | Maturity | Value | ||||||||||||
SHORT-TERM INVESTMENTS – 0.4% |
||||||||||||||||
REPURCHASE AGREEMENTS – 0.4% |
||||||||||||||||
$ | 1,046,283 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 12/30/22, repurchase price $1,046,432, collateralized by $1,036,000, U.S. Treasury Note, 4.25%, due 11/15/40, value $1,067,242 |
1.280% | 1/03/23 | $ | 1,046,283 | ||||||||||
Total Short-Term Investments (cost $1,046,283) |
1,046,283 | |||||||||||||||
Total Investments (cost $132,630,521) – 100.9% |
268,097,610 | |||||||||||||||
Other Assets Less Liabilities – (0.9)% (7) |
(2,337,261 | ) | ||||||||||||||
Net Assets Applicable to Common Shares – 100% |
$ | 265,760,349 |
Description (8) | Type | Number of Contracts |
Notional Amount (9) |
Exercise Price |
Expiration Date |
Value | ||||||||||||||||||
CBOE Volatility Index |
Call | 50 | $ | 150,000 | $ | 30 | 1/18/23 | $ | 2,000 | |||||||||||||||
Fidelity National Information Services Inc |
Call | 50 | 425,000 | 85 | 1/20/23 | 125 | ||||||||||||||||||
Amazon.com Inc |
Call | 50 | 550,000 | 110 | 1/20/23 | 275 | ||||||||||||||||||
Total Options Purchased (premiums paid $11,132) |
150 | $ | 1,125,000 | $ | 2,400 |
Description (8) | Type | Number of Contracts |
Notional Amount (9) |
Exercise Price |
Expiration Date |
Value | ||||||||||||||||||
Merck & Co Inc |
Call | (50 | ) | $ | (575,000 | ) | $ | 115 | 1/20/23 | $ | (3,475 | ) | ||||||||||||
McDonald’s Corp |
Call | (35 | ) | (1,015,000 | ) | 290 | 1/20/23 | (263 | ) | |||||||||||||||
S&P 500® Index |
Call | (300 | ) | (115,500,000 | ) | 3,850 | 1/20/23 | (2,158,500 | ) | |||||||||||||||
S&P 500® Index |
Call | (20 | ) | (8,000,000 | ) | 4,000 | 1/20/23 | (33,100 | ) | |||||||||||||||
Total Options Written (premiums received $3,055,250) |
(405 | ) | $ | (125,090,000 | ) | $ | (2,195,338 | ) |
(1) | All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted. |
(2) | Non‑income producing; issuer has not declared an ex‑dividend date within the past twelve months. |
(3) | Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end of the reporting period was $251,027. |
(4) | Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in derivatives. |
(5) | The Fund may loan securities representing up to one third of the market value of its total assets (which includes collateral for securities on loan) to broker dealers, banks, and other institutions. The collateral maintained by the Fund shall have a market value, at the inception of each loan, equal to not less than 100% of the market value of the loaned securities. The cash collateral received by the Fund is invested in this money market fund. |
(6) | The rate shown is the one‑day yield as of the end of the reporting period. |
(7) | Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over‑the‑counter (“OTC”) derivatives as well as the OTC cleared and exchange-traded derivatives, when applicable. The unrealized appreciation (depreciation) of OTC cleared and exchange-traded derivatives is recognized as part of the cash collateral at brokers and/or the receivable or payable for variation margin as presented on the Statement of Assets and Liabilities, when applicable. Other assets less liabilities also includes the value of options as presented on the Statement of Assets and Liabilities. |
(8) | Exchange-traded, unless otherwise noted. |
(9) | For disclosure purposes, Notional Amount is calculated by multiplying the Number of Contracts by the Exercise Price by 100. |
CBOE | Chicago Board Options Exchange |
ETF | Exchange-Traded Fund |
REIT | Real Estate Investment Trust |
S&P | Standard & Poor’s |
QQQX | Nuveen Nasdaq Dynamic Overwrite Fund Portfolio of Investments December 31, 2022 |
Shares | Description (1) | Value | ||||||||||||||
LONG-TERM INVESTMENTS – 100.5% |
||||||||||||||||
COMMON STOCKS – 100.0% |
||||||||||||||||
Air Freight & Logistics – 0.1% | ||||||||||||||||
228 | FedEx Corp |
$ | 39,490 | |||||||||||||
3,591 | United Parcel Service Inc, Class B |
624,259 | ||||||||||||||
Total Air Freight & Logistics |
663,749 | |||||||||||||||
Airlines – 0.1% | ||||||||||||||||
26,595 | Delta Air Lines Inc (2) |
873,912 | ||||||||||||||
Auto Components – 0.1% | ||||||||||||||||
4,110 | Lear Corp |
509,722 | ||||||||||||||
Automobiles – 3.0% | ||||||||||||||||
40,233 | Ford Motor Co |
467,910 | ||||||||||||||
97,240 | Lucid Group Inc (2),(3) |
664,149 | ||||||||||||||
219,362 | Tesla Inc (2) |
27,021,011 | ||||||||||||||
Total Automobiles |
28,153,070 | |||||||||||||||
Beverages – 2.7% | ||||||||||||||||
28,086 | Brown-Forman Corp, Class B |
1,844,688 | ||||||||||||||
12,636 | Celsius Holdings Inc (2) |
1,314,649 | ||||||||||||||
129,962 | Coca-Cola Co |
8,266,883 | ||||||||||||||
7,494 | Constellation Brands Inc, Class A |
1,736,735 | ||||||||||||||
124,373 | Monster Beverage Corp (2) |
12,627,591 | ||||||||||||||
Total Beverages |
25,790,546 | |||||||||||||||
Biotechnology – 5.4% | ||||||||||||||||
74,601 | Amgen Inc |
19,593,207 | ||||||||||||||
175,161 | Gilead Sciences Inc |
15,037,572 | ||||||||||||||
38,123 | Moderna Inc (2) |
6,847,653 | ||||||||||||||
13,272 | Regeneron Pharmaceuticals Inc (2) |
9,575,615 | ||||||||||||||
Total Biotechnology |
51,054,047 | |||||||||||||||
Capital Markets – 0.9% | ||||||||||||||||
7,537 | Charles Schwab Corp/The |
627,531 | ||||||||||||||
8,682 | Moody’s Corp |
2,418,979 | ||||||||||||||
19,418 | Morgan Stanley |
1,650,918 | ||||||||||||||
9,235 | S&P Global Inc |
3,093,171 | ||||||||||||||
12,582 | SEI Investments Co |
733,530 | ||||||||||||||
Total Capital Markets |
8,524,129 | |||||||||||||||
Chemicals – 0.3% | ||||||||||||||||
3,021 | Albemarle Corp |
655,134 | ||||||||||||||
4,584 | Linde PLC |
1,495,209 | ||||||||||||||
3,839 | Sherwin-Williams Co/The |
911,110 | ||||||||||||||
Total Chemicals |
3,061,453 | |||||||||||||||
Commercial Services & Supplies – 0.7% | ||||||||||||||||
52,734 | Copart Inc (2) |
3,210,973 | ||||||||||||||
4,378 | Tetra Tech Inc |
635,642 | ||||||||||||||
8,329 | Waste Connections Inc |
1,104,092 | ||||||||||||||
10,605 | Waste Management Inc |
1,663,713 | ||||||||||||||
Total Commercial Services & Supplies |
6,614,420 | |||||||||||||||
Communications Equipment – 2.9% | ||||||||||||||||
585,200 | Cisco Systems Inc |
27,878,928 |
Shares | Description (1) | Value | ||||||||||||||
Containers & Packaging – 0.0% | ||||||||||||||||
8,207 | Ball Corp |
$ | 419,706 | |||||||||||||
Distributors – 0.4% | ||||||||||||||||
10,718 | Genuine Parts Co |
1,859,680 | ||||||||||||||
7,621 | Pool Corp |
2,304,057 | ||||||||||||||
Total Distributors |
4,163,737 | |||||||||||||||
Diversified Consumer Services – 0.1% | ||||||||||||||||
10,345 | Service Corp International/US |
715,253 | ||||||||||||||
Diversified Financial Services – 0.5% | ||||||||||||||||
15,690 | Berkshire Hathaway Inc, Class B (2) |
4,846,641 | ||||||||||||||
Diversified Telecommunication Services – 0.1% | ||||||||||||||||
15,406 | Verizon Communications Inc |
606,996 | ||||||||||||||
Electric Utilities – 1.3% | ||||||||||||||||
42,737 | Constellation Energy Corp |
3,684,357 | ||||||||||||||
58,187 | NextEra Energy Inc |
4,864,433 | ||||||||||||||
69,334 | PG&E Corp (2) |
1,127,371 | ||||||||||||||
31,804 | Southern Co/The |
2,271,123 | ||||||||||||||
Total Electric Utilities |
11,947,284 | |||||||||||||||
Electrical Equipment – 0.2% | ||||||||||||||||
7,632 | Rockwell Automation Inc |
1,965,774 | ||||||||||||||
Electronic Equipment, Instruments & Components – 0.2% | ||||||||||||||||
10,486 | Keysight Technologies Inc (2) |
1,793,840 | ||||||||||||||
Energy Equipment & Services – 0.0% | ||||||||||||||||
5,484 | Select Energy Services Inc, Class A |
50,672 | ||||||||||||||
Entertainment – 0.6% | ||||||||||||||||
12,831 | Roku Inc (2) |
522,222 | ||||||||||||||
42,950 | Walt Disney Co (2) |
3,731,496 | ||||||||||||||
17,168 | World Wrestling Entertainment Inc, Class A |
1,176,351 | ||||||||||||||
Total Entertainment |
5,430,069 | |||||||||||||||
Equity Real Estate Investment Trusts – 0.2% | ||||||||||||||||
55,254 | CubeSmart |
2,223,974 | ||||||||||||||
Food & Staples Retailing – 1.1% | ||||||||||||||||
15,398 | BJ’s Wholesale Club Holdings Inc (2) |
1,018,732 | ||||||||||||||
2,304 | Casey’s General Stores Inc |
516,902 | ||||||||||||||
210,528 | HF Foods Group Inc (2) |
854,744 | ||||||||||||||
24,681 | Kroger Co/The |
1,100,279 | ||||||||||||||
22,661 | Sysco Corp |
1,732,433 | ||||||||||||||
39,228 | Walmart Inc |
5,562,138 | ||||||||||||||
Total Food & Staples Retailing |
10,785,228 | |||||||||||||||
Food Products – 1.8% | ||||||||||||||||
10,258 | Archer-Daniels-Midland Co |
952,455 | ||||||||||||||
70,834 | Bridgford Foods Corp (2) |
848,592 | ||||||||||||||
33,085 | General Mills Inc |
2,774,177 | ||||||||||||||
28,123 | Hershey Co/The |
6,512,443 | ||||||||||||||
16,902 | Hormel Foods Corp |
769,886 | ||||||||||||||
22,636 | Laird Superfood Inc (2) |
19,014 | ||||||||||||||
15,737 | Lamb Weston Holdings Inc |
1,406,259 | ||||||||||||||
49,425 | McCormick & Co Inc/MD |
4,096,838 | ||||||||||||||
Total Food Products |
17,379,664 | |||||||||||||||
Health Care Equipment & Supplies – 1.0% | ||||||||||||||||
26,882 | Abbott Laboratories |
2,951,375 |
QQQX | Nuveen Nasdaq Dynamic Overwrite Fund (continued) | |
Portfolio of Investments December 31, 2022 |
Shares | Description (1) | Value | ||||||||||||||
Health Care Equipment & Supplies (continued) | ||||||||||||||||
2,838 | Becton Dickinson and Co |
$ | 721,703 | |||||||||||||
768 | Embecta Corp |
19,423 | ||||||||||||||
17,865 | LENSAR Inc (2) |
52,880 | ||||||||||||||
12,868 | NuVasive Inc (2) |
530,676 | ||||||||||||||
514 | Shockwave Medical Inc (2) |
105,684 | ||||||||||||||
19,914 | Stryker Corp |
4,868,774 | ||||||||||||||
62,738 | Venus Concept Inc (2) |
20,076 | ||||||||||||||
Total Health Care Equipment & Supplies |
9,270,591 | |||||||||||||||
Health Care Providers & Services – 0.5% | ||||||||||||||||
4,308 | McKesson Corp |
1,616,017 | ||||||||||||||
5,579 | UnitedHealth Group Inc |
2,957,874 | ||||||||||||||
Total Health Care Providers & Services |
4,573,891 | |||||||||||||||
Hotels, Restaurants & Leisure – 2.6% | ||||||||||||||||
6,160 | Booking Holdings Inc (2) |
12,414,125 | ||||||||||||||
1,740 | Chipotle Mexican Grill Inc (2) |
2,414,233 | ||||||||||||||
21,002 | Darden Restaurants Inc |
2,905,207 | ||||||||||||||
26,996 | Hilton Worldwide Holdings Inc |
3,411,214 | ||||||||||||||
14,066 | McDonald’s Corp |
3,706,813 | ||||||||||||||
Total Hotels, Restaurants & Leisure |
24,851,592 | |||||||||||||||
Household Products – 0.1% | ||||||||||||||||
6,917 | Procter & Gamble Co/The |
1,048,341 | ||||||||||||||
Industrial Conglomerates – 0.2% | ||||||||||||||||
25,725 | General Electric Co |
2,155,498 | ||||||||||||||
Interactive Media & Services – 10.7% | ||||||||||||||||
489,402 | Alphabet Inc, Class A (2) |
43,179,938 | ||||||||||||||
370,290 | Alphabet Inc, Class C (2) |
32,855,832 | ||||||||||||||
37,991 | Match Group Inc (2) |
1,576,247 | ||||||||||||||
201,081 | Meta Platforms Inc (2) |
24,198,087 | ||||||||||||||
Total Interactive Media & Services |
101,810,104 | |||||||||||||||
Internet & Direct Marketing Retail – 6.9% | ||||||||||||||||
701,915 | Amazon.com Inc (2) |
58,960,860 | ||||||||||||||
155,880 | eBay Inc |
6,464,344 | ||||||||||||||
Total Internet & Direct Marketing Retail |
65,425,204 | |||||||||||||||
IT Services – 2.3% | ||||||||||||||||
9,093 | Accenture PLC, Class A |
2,426,376 | ||||||||||||||
9,762 | Cloudflare Inc, Class A (2) |
441,340 | ||||||||||||||
11,527 | Jack Henry & Associates Inc |
2,023,680 | ||||||||||||||
8,130 | Mastercard Inc |
2,827,045 | ||||||||||||||
143,943 | PayPal Holdings Inc (2) |
10,251,621 | ||||||||||||||
2,959 | Snowflake Inc, Class A (2) |
424,735 | ||||||||||||||
17,825 | Visa Inc, Class A |
3,703,322 | ||||||||||||||
Total IT Services |
22,098,119 | |||||||||||||||
Life Sciences Tools & Services – 0.8% | ||||||||||||||||
16,855 | Agilent Technologies Inc |
2,522,351 | ||||||||||||||
5,019 | Charles River Laboratories International Inc (2) |
1,093,640 | ||||||||||||||
16,193 | Danaher Corp |
4,297,946 | ||||||||||||||
Total Life Sciences Tools & Services |
7,913,937 | |||||||||||||||
Machinery – 0.4% | ||||||||||||||||
9,138 | Caterpillar Inc |
2,189,099 | ||||||||||||||
3,467 | Deere & Co |
1,486,511 | ||||||||||||||
7,764 | Fortive Corp |
498,837 | ||||||||||||||
Total Machinery |
4,174,447 |
Shares | Description (1) | Value | ||||||||||||||
Media – 2.6% | ||||||||||||||||
642,116 | Comcast Corp, Class A |
$ | 22,454,796 | |||||||||||||
136,917 | comScore Inc (2) |
158,824 | ||||||||||||||
34,591 | Liberty Media Corp-Liberty SiriusXM |
1,359,772 | ||||||||||||||
6,270 | News Corp, Class B |
115,619 | ||||||||||||||
45,680 | Saga Communications Inc, Class A |
1,078,048 | ||||||||||||||
Total Media |
25,167,059 | |||||||||||||||
Multiline Retail – 0.6% | ||||||||||||||||
14,351 | Dollar General Corp |
3,533,934 | ||||||||||||||
17,439 | Target Corp |
2,599,108 | ||||||||||||||
Total Multiline Retail |
6,133,042 | |||||||||||||||
Multi-Utilities – 0.1% | ||||||||||||||||
4,315 | Sempra Energy |
666,840 | ||||||||||||||
Oil, Gas & Consumable Fuels – 0.0% | ||||||||||||||||
4,902 | Clean Energy Fuels Corp (2) |
25,490 | ||||||||||||||
Personal Products – 0.2% | ||||||||||||||||
7,133 | Estee Lauder Cos Inc/The, Class A |
1,769,769 | ||||||||||||||
Pharmaceuticals – 0.0% | ||||||||||||||||
18,188 | Rockwell Medical Inc (2) |
18,461 | ||||||||||||||
Professional Services – 0.2% | ||||||||||||||||
20,689 | Robert Half International Inc |
1,527,469 | ||||||||||||||
Road & Rail – 0.5% | ||||||||||||||||
4,575 | JB Hunt Transport Services Inc |
797,697 | ||||||||||||||
2,687 | Norfolk Southern Corp |
662,130 | ||||||||||||||
33,792 | Uber Technologies Inc (2) |
835,676 | ||||||||||||||
10,994 | Union Pacific Corp |
2,276,528 | ||||||||||||||
Total Road & Rail |
4,572,031 | |||||||||||||||
Semiconductors & Semiconductor Equipment – 13.6% | ||||||||||||||||
166,423 | Advanced Micro Devices Inc (2) |
10,779,218 | ||||||||||||||
105,499 | Analog Devices Inc |
17,305,001 | ||||||||||||||
165,056 | Applied Materials Inc |
16,073,153 | ||||||||||||||
9,301 | Axcelis Technologies Inc (2) |
738,127 | ||||||||||||||
14,027 | Enphase Energy Inc (2) |
3,716,594 | ||||||||||||||
6,555 | First Solar Inc (2) |
981,874 | ||||||||||||||
420,372 | Intel Corp |
11,110,432 | ||||||||||||||
37,130 | Lattice Semiconductor Corp (2) |
2,408,994 | ||||||||||||||
6,123 | Monolithic Power Systems Inc |
2,165,154 | ||||||||||||||
242,262 | NVIDIA Corp |
35,404,169 | ||||||||||||||
65,113 | ON Semiconductor Corp (2) |
4,061,098 | ||||||||||||||
33,195 | Power Integrations Inc |
2,380,745 | ||||||||||||||
140,959 | QUALCOMM Inc |
15,497,033 | ||||||||||||||
12,461 | Silicon Laboratories Inc (2) |
1,690,584 | ||||||||||||||
2,620 | SiTime Corp (2) |
266,244 | ||||||||||||||
20,407 | Skyworks Solutions Inc |
1,859,690 | ||||||||||||||
25,925 | Taiwan Semiconductor Manufacturing Co Ltd, Sponsored ADR (2) |
1,931,153 | ||||||||||||||
9,407 | Wolfspeed Inc (2) |
649,459 | ||||||||||||||
Total Semiconductors & Semiconductor Equipment |
129,018,722 | |||||||||||||||
Software – 19.3% | ||||||||||||||||
27,289 | ANSYS Inc (2) |
6,592,750 | ||||||||||||||
52,492 | Autodesk Inc (2) |
9,809,180 | ||||||||||||||
32,603 | Black Knight Inc (2) |
2,013,235 | ||||||||||||||
26,987 | Crowdstrike Holdings Inc, Class A (2) |
2,841,461 | ||||||||||||||
31,894 | Datadog Inc, Class A (2) |
2,344,209 | ||||||||||||||
115,037 | Fortinet Inc (2) |
5,624,159 | ||||||||||||||
528,819 | Microsoft Corp (4) |
126,821,373 |
QQQX | Nuveen Nasdaq Dynamic Overwrite Fund (continued) | |
Portfolio of Investments December 31, 2022 |
Shares | Description (1) | Value | ||||||||||||||
Software (continued) | ||||||||||||||||
80,151 | Nutanix Inc, Class A (2) |
$ | 2,087,934 | |||||||||||||
64,056 | Oracle Corp |
5,235,937 | ||||||||||||||
27,036 | Palo Alto Networks Inc (2) |
3,772,603 | ||||||||||||||
3,987 | Paycom Software Inc (2) |
1,237,206 | ||||||||||||||
3,738 | Paylocity Holding Corp (2) |
726,144 | ||||||||||||||
34,254 | PTC Inc (2) |
4,111,850 | ||||||||||||||
34,197 | Salesforce Inc (2) |
4,534,180 | ||||||||||||||
6,953 | ServiceNow Inc (2) |
2,699,641 | ||||||||||||||
4,592 | Sprout Social Inc, Class A (2) |
259,264 | ||||||||||||||
727 | Sumo Logic Inc (2) |
5,889 | ||||||||||||||
6,627 | Tenable Holdings Inc (2) |
252,820 | ||||||||||||||
14,832 | Trade Desk Inc/The, Class A (2) |
664,919 | ||||||||||||||
23,550 | Zoom Video Communications Inc, Class A (2) |
1,595,277 | ||||||||||||||
Total Software |
183,230,031 | |||||||||||||||
Specialty Retail – 0.8% | ||||||||||||||||
940 | AutoZone Inc (2) |
2,318,209 | ||||||||||||||
1,904 | Bed Bath & Beyond Inc (2),(3) |
4,779 | ||||||||||||||
8,039 | Dick’s Sporting Goods Inc |
967,011 | ||||||||||||||
2,826 | Home Depot Inc/The |
892,621 | ||||||||||||||
4,325 | Lowe’s Cos Inc |
861,713 | ||||||||||||||
24,710 | TJX Cos Inc/The |
1,966,916 | ||||||||||||||
2,331 | Ulta Beauty Inc (2) |
1,093,402 | ||||||||||||||
Total Specialty Retail |
8,104,651 | |||||||||||||||
Technology Hardware, Storage & Peripherals – 12.8% | ||||||||||||||||
933,034 | Apple Inc (4) |
121,229,109 | ||||||||||||||
Textiles, Apparel & Luxury Goods – 0.5% | ||||||||||||||||
2,696 | Deckers Outdoor Corp (2) |
1,076,135 | ||||||||||||||
27,957 | NIKE Inc, Class B |
3,271,249 | ||||||||||||||
Total Textiles, Apparel & Luxury Goods |
4,347,384 | |||||||||||||||
Trading Companies & Distributors – 0.3% | ||||||||||||||||
4,996 | United Rentals Inc (2) |
1,775,678 | ||||||||||||||
1,390 | WW Grainger Inc |
773,188 | ||||||||||||||
Total Trading Companies & Distributors |
2,548,866 | |||||||||||||||
Wireless Telecommunication Services – 0.3% | ||||||||||||||||
75,434 | Gogo Inc (2) |
1,113,406 | ||||||||||||||
34,287 | Spok Holdings Inc |
280,811 | ||||||||||||||
52,556 | Telephone and Data Systems Inc |
551,312 | ||||||||||||||
38,671 | United States Cellular Corp (2) |
806,290 | ||||||||||||||
Total Wireless Telecommunication Services |
2,751,819 | |||||||||||||||
Total Common Stocks (cost $449,258,183) |
949,885,281 | |||||||||||||||
Shares | Description (1) | Value | ||||||||||||||
EXCHANGE-TRADED FUNDS – 0.5% | ||||||||||||||||
25,000 | Vanguard Total Stock Market ETF |
$ | 4,779,750 | |||||||||||||
Total Exchange-Traded Funds (cost $4,649,611) |
4,779,750 | |||||||||||||||
Total Long-Term Investments (cost $453,907,794) |
954,665,031 | |||||||||||||||
Shares | Description (1) | Coupon | Value | |||||||||||||
INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 0.1 % |
||||||||||||||||
MONEY MARKET FUNDS – 0.1% |
||||||||||||||||
686,986 | State Street Navigator Securities Lending Government Money Market Portfolio (5) |
4.340% | (6) | $ | 686,986 | |||||||||||
Total Investments Purchased with Collateral from Securities Lending (cost $686,986) |
686,986 |
Principal Amount (000) |
Description (1) | Coupon | Maturity | Value | ||||||||||||
SHORT-TERM INVESTMENTS – 0.1% |
||||||||||||||||
REPURCHASE AGREEMENTS – 0.1% |
||||||||||||||||
$ | 874,968 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 12/30/22, repurchase price $875,092, collateralized by $866,400, U.S. Treasury Note, 4.25%, due 11/15/40, value $892,527 |
1.280% | 1/03/23 | $ | 874,968 | ||||||||||
Total Short-Term Investments (cost $874,968) |
874,968 | |||||||||||||||
Total Investments (cost $455,469,748) – 100.7% |
956,226,985 | |||||||||||||||
Other Assets Less Liabilities – (0.7)% (7) |
(6,509,253 | ) | ||||||||||||||
Net Assets Applicable to Common Shares – 100% |
$ | 949,717,732 |
Description (8) | Type | Number of Contracts |
Notional Amount (9) |
Exercise Price |
Expiration Date |
Value | ||||||||||||||||||
CBOE Volatility Index |
Call | 100 | $ | 300,000 | $ | 30 | 1/18/23 | $ | 4,000 | |||||||||||||||
Fidelity National Information Services Inc |
Call | 100 | 850,000 | 85 | 1/20/23 | 250 | ||||||||||||||||||
Amazon.com Inc |
Call | 100 | 1,100,000 | 110 | 1/20/23 | 550 | ||||||||||||||||||
Total Options Purchased (premiums paid $22,263) |
|
300 | $ | 2,250,000 | $ | 4,800 |
Description (8) | Type | Number of Contracts |
Notional Amount (9) |
Exercise Price |
Expiration Date |
Value | ||||||||||||||||||
Invesco China Technology ETF |
Call | (1,000 | ) | $ | (27,500,000 | ) | $ | 275 | 1/20/23 | $ | (338,802 | ) | ||||||||||||
McDonald’s Corp |
Call | (70 | ) | (2,030,000 | ) | 290 | 1/20/23 | (525 | ) | |||||||||||||||
S&P 500® Index |
Call | (70 | ) | (28,000,000 | ) | 4,000 | 1/20/23 | (115,850 | ) | |||||||||||||||
NASDAQ 100® Stock Index |
Call | (355 | ) | (400,262,500 | ) | 11,275 | 1/20/23 | (5,032,125 | ) | |||||||||||||||
Total Options Written (premiums received $12,922,169) |
|
(1,495 | ) | $ | (457,792,500 | ) | $ | (5,487,302 | ) |
(1) | All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted. |
(2) | Non‑income producing; issuer has not declared an ex‑dividend date within the past twelve months. |
(3) | Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end of the reporting period was $662,232. |
(4) | Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in derivatives. |
(5) | The Fund may loan securities representing up to one third of the market value of its total assets (which includes collateral for securities on loan) to broker dealers, banks, and other institutions. The collateral maintained by the Fund shall have a market value, at the inception of each loan, equal to not less than 100% of the market value of the loaned securities. The cash collateral received by the Fund is invested in this money market fund. |
(6) | The rate shown is the one‑day yield as of the end of the reporting period. |
(7) | Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over‑the‑counter (“OTC”) derivatives as well as the OTC cleared and exchange-traded derivatives, when applicable. The unrealized appreciation (depreciation) of OTC cleared and exchange-traded derivatives is recognized as part of the cash collateral at brokers and/or the receivable or payable for variation margin as presented on the Statement of Assets and Liabilities, when applicable. Other assets less liabilities also includes the value of options as presented on the Statement of Assets and Liabilities. |
(8) | Exchange-traded, unless otherwise noted. |
(9) | For disclosure purposes, Notional Amount is calculated by multiplying the Number of Contracts by the Exercise Price by 100. |
ADR | American Depositary Receipt |
CBOE | Chicago Board Options Exchange |
ETF | Exchange-Traded Fund |
S&P | Standard & Poor’s |
JCE | Nuveen Core Equity Alpha Fund Portfolio of Investments December 31, 2022 |
Shares | Description (1) | Value | ||||||||||||||
LONG-TERM INVESTMENTS – 99.6% |
||||||||||||||||
COMMON STOCKS – 99.0% |
||||||||||||||||
Aerospace & Defense – 1.1% | ||||||||||||||||
4,230 | Lockheed Martin Corp |
$ | 2,057,853 | |||||||||||||
Airlines – 0.5% | ||||||||||||||||
30,640 | Southwest Airlines Co (2) |
1,031,649 | ||||||||||||||
Automobiles – 0.6% | ||||||||||||||||
9,630 | Tesla Inc (2) |
1,186,223 | ||||||||||||||
Banks – 3.3% | ||||||||||||||||
10,895 | Bank of America Corp |
360,842 | ||||||||||||||
36,910 | Citigroup Inc |
1,669,439 | ||||||||||||||
10,680 | JPMorgan Chase & Co |
1,432,188 | ||||||||||||||
32,390 | Truist Financial Corp |
1,393,742 | ||||||||||||||
33,870 | US Bancorp |
1,477,071 | ||||||||||||||
Total Banks |
6,333,282 | |||||||||||||||
Beverages – 1.8% | ||||||||||||||||
9,760 | Coca-Cola Co |
620,834 | ||||||||||||||
15,710 | PepsiCo Inc |
2,838,168 | ||||||||||||||
Total Beverages |
3,459,002 | |||||||||||||||
Biotechnology – 0.2% | ||||||||||||||||
2,460 | AbbVie Inc |
397,561 | ||||||||||||||
Building Products – 0.7% | ||||||||||||||||
19,780 | Johnson Controls International plc |
1,265,920 | ||||||||||||||
530 | Trane Technologies PLC |
89,088 | ||||||||||||||
Total Building Products |
1,355,008 | |||||||||||||||
Capital Markets – 2.0% | ||||||||||||||||
15,320 | Charles Schwab Corp/The |
1,275,543 | ||||||||||||||
2,130 | CME Group Inc |
358,181 | ||||||||||||||
22,340 | KKR & Co Inc |
1,037,023 | ||||||||||||||
18,550 | Tradeweb Markets Inc, Class A |
1,204,451 | ||||||||||||||
Total Capital Markets |
3,875,198 | |||||||||||||||
Chemicals – 0.8% | ||||||||||||||||
6,520 | Sherwin-Williams Co/The |
1,547,392 | ||||||||||||||
Commercial Services & Supplies – 1.7% | ||||||||||||||||
2,180 | Cintas Corp |
984,532 | ||||||||||||||
290 | MSA Safety Inc |
41,815 | ||||||||||||||
5,780 | Republic Services Inc |
745,562 | ||||||||||||||
27,460 | Rollins Inc |
1,003,389 | ||||||||||||||
2,980 | Tetra Tech Inc |
432,666 | ||||||||||||||
Total Commercial Services & Supplies |
3,207,964 | |||||||||||||||
Communications Equipment – 1.3% | ||||||||||||||||
52,750 | Cisco Systems Inc |
2,513,010 | ||||||||||||||
Consumer Finance – 0.9% | ||||||||||||||||
12,070 | American Express Co |
1,783,343 |
Shares | Description (1) | Value | ||||||||||||||
Containers & Packaging – 0.7% | ||||||||||||||||
2,690 | Berry Global Group Inc |
$ | 162,557 | |||||||||||||
32,960 | Westrock Co |
1,158,873 | ||||||||||||||
Total Containers & Packaging |
1,321,430 | |||||||||||||||
Diversified Financial Services – 2.5% | ||||||||||||||||
3,460 | Apollo Global Management Inc |
220,713 | ||||||||||||||
15,190 | Berkshire Hathaway Inc, Class B (2) |
4,692,191 | ||||||||||||||
Total Diversified Financial Services |
4,912,904 | |||||||||||||||
Diversified Telecommunication Services – 1.1% | ||||||||||||||||
52,870 | Verizon Communications Inc |
2,083,078 | ||||||||||||||
Electric Utilities – 2.3% | ||||||||||||||||
21,970 | Alliant Energy Corp |
1,212,964 | ||||||||||||||
13,780 | Avangrid Inc (3) |
592,264 | ||||||||||||||
13,630 | Evergy Inc |
857,736 | ||||||||||||||
32,840 | Exelon Corp |
1,419,673 | ||||||||||||||
6,270 | Southern Co/The |
447,741 | ||||||||||||||
Total Electric Utilities |
4,530,378 | |||||||||||||||
Electrical Equipment – 1.3% | ||||||||||||||||
9,720 | AMETEK Inc |
1,358,078 | ||||||||||||||
1,430 | Eaton Corp PLC |
224,438 | ||||||||||||||
25,980 | nVent Electric PLC |
999,451 | ||||||||||||||
Total Electrical Equipment |
2,581,967 | |||||||||||||||
Electronic Equipment, Instruments & Components – 1.7% | ||||||||||||||||
4,890 | Arrow Electronics Inc (2) |
511,347 | ||||||||||||||
7,530 | CDW Corp/DE |
1,344,707 | ||||||||||||||
8,780 | Keysight Technologies Inc (2) |
1,501,995 | ||||||||||||||
Total Electronic Equipment, Instruments & Components |
3,358,049 | |||||||||||||||
Energy Equipment & Services – 0.1% | ||||||||||||||||
3,230 | Schlumberger Ltd |
172,676 | ||||||||||||||
Entertainment – 0.2% | ||||||||||||||||
590 | Live Nation Entertainment Inc (2) |
41,147 | ||||||||||||||
2,930 | Walt Disney Co (2) |
254,558 | ||||||||||||||
Total Entertainment |
295,705 | |||||||||||||||
Equity Real Estate Investment Trusts – 2.1% | ||||||||||||||||
44,380 | Brixmor Property Group Inc |
1,006,095 | ||||||||||||||
24,760 | Host Hotels & Resorts Inc |
397,398 | ||||||||||||||
8,560 | Kilroy Realty Corp |
331,015 | ||||||||||||||
18,250 | National Retail Properties Inc |
835,120 | ||||||||||||||
29,460 | Ventas Inc |
1,327,173 | ||||||||||||||
Total Equity Real Estate Investment Trusts |
3,896,801 | |||||||||||||||
Food & Staples Retailing – 2.9% | ||||||||||||||||
44,380 | Albertsons Cos Inc, Class A |
920,441 | ||||||||||||||
14,990 | BJ’s Wholesale Club Holdings Inc (2) |
991,738 | ||||||||||||||
250 | Costco Wholesale Corp |
114,125 | ||||||||||||||
29,930 | Kroger Co/The |
1,334,279 | ||||||||||||||
15,879 | Walmart Inc |
2,251,484 | ||||||||||||||
Total Food & Staples Retailing |
5,612,067 | |||||||||||||||
Food Products – 0.7% | ||||||||||||||||
73 | Seaboard Corp |
275,590 | ||||||||||||||
17,690 | Tyson Foods Inc, Class A (2) |
1,101,203 | ||||||||||||||
Total Food Products |
1,376,793 |
JCE | Nuveen Core Equity Alpha Fund (continued) | |
Portfolio of Investments December 31, 2022 |
Shares | Description (1) | Value | ||||||||||||||
Health Care Equipment & Supplies – 3.6% | ||||||||||||||||
11,440 | Abbott Laboratories |
$ | 1,255,998 | |||||||||||||
11,310 | Dexcom Inc (2) |
1,280,744 | ||||||||||||||
17,170 | Edwards Lifesciences Corp (2) |
1,281,054 | ||||||||||||||
3,670 | IDEXX Laboratories Inc (2) |
1,497,213 | ||||||||||||||
21,060 | Medtronic PLC |
1,636,783 | ||||||||||||||
430 | Zimmer Biomet Holdings Inc |
54,825 | ||||||||||||||
Total Health Care Equipment & Supplies |
7,006,617 | |||||||||||||||
Health Care Providers & Services – 5.4% | ||||||||||||||||
7,090 | AmerisourceBergen Corp |
1,174,884 | ||||||||||||||
15,080 | Centene Corp (2) |
1,236,711 | ||||||||||||||
5,910 | Cigna Corp |
1,958,219 | ||||||||||||||
9,290 | CVS Health Corp |
865,735 | ||||||||||||||
470 | Elevance Health Inc |
241,096 | ||||||||||||||
2,380 | HCA Inc |
571,105 | ||||||||||||||
250 | Humana Inc |
128,047 | ||||||||||||||
8,120 | UnitedHealth Group Inc |
4,305,062 | ||||||||||||||
Total Health Care Providers & Services |
10,480,859 | |||||||||||||||
Hotels, Restaurants & Leisure – 2.5% | ||||||||||||||||
2,920 | Airbnb Inc (2) |
249,660 | ||||||||||||||
7,390 | Aramark |
305,502 | ||||||||||||||
11,710 | Hilton Worldwide Holdings Inc |
1,479,676 | ||||||||||||||
9,930 | Marriott International Inc/MD, Class A |
1,478,478 | ||||||||||||||
5,230 | McDonald’s Corp |
1,378,262 | ||||||||||||||
Total Hotels, Restaurants & Leisure |
4,891,578 | |||||||||||||||
Household Products – 1.3% | ||||||||||||||||
20,690 | Colgate-Palmolive Co |
1,630,165 | ||||||||||||||
6,380 | Procter & Gamble Co/The |
966,953 | ||||||||||||||
Total Household Products |
2,597,118 | |||||||||||||||
Insurance – 2.2% | ||||||||||||||||
21,250 | American International Group Inc |
1,343,850 | ||||||||||||||
450 | Chubb Ltd |
99,270 | ||||||||||||||
18,720 | F&G Annuities & Life Inc (2) |
374,587 | ||||||||||||||
6,420 | Marsh & McLennan Cos Inc |
1,062,382 | ||||||||||||||
11,280 | Progressive Corp/The |
1,463,129 | ||||||||||||||
Total Insurance |
4,343,218 | |||||||||||||||
Interactive Media & Services – 4.5% | ||||||||||||||||
33,700 | Alphabet Inc, Class A (2) |
2,973,351 | ||||||||||||||
38,400 | Alphabet Inc, Class C (2) |
3,407,232 | ||||||||||||||
19,460 | Meta Platforms Inc (2) |
2,341,816 | ||||||||||||||
Total Interactive Media & Services |
8,722,399 | |||||||||||||||
Internet & Direct Marketing Retail – 2.7% | ||||||||||||||||
61,480 | Amazon.com Inc (2) |
5,164,320 | ||||||||||||||
IT Services – 4.4% | ||||||||||||||||
8,420 | Accenture PLC, Class A |
2,246,793 | ||||||||||||||
21,070 | Cognizant Technology Solutions Corp, Class A |
1,204,993 | ||||||||||||||
8,330 | Concentrix Corp |
1,109,223 | ||||||||||||||
11,380 | Fidelity National Information Services Inc |
772,133 | ||||||||||||||
11,970 | Global Payments Inc |
1,188,860 | ||||||||||||||
2,061 | Mastercard Inc |
716,671 | ||||||||||||||
3,640 | PayPal Holdings Inc (2) |
259,241 | ||||||||||||||
4,660 | Visa Inc, Class A |
968,162 | ||||||||||||||
Total IT Services |
8,466,076 | |||||||||||||||
Life Sciences Tools & Services – 3.8% | ||||||||||||||||
8,910 | Danaher Corp |
2,364,892 | ||||||||||||||
1,080 | Mettler-Toledo International Inc (2) |
1,561,086 |
Shares | Description (1) | Value | ||||||||||||||
Life Sciences Tools & Services (continued) | ||||||||||||||||
21,460 | Syneos Health Inc (2) |
$ | 787,153 | |||||||||||||
4,773 | Thermo Fisher Scientific Inc |
2,628,443 | ||||||||||||||
Total Life Sciences Tools & Services |
7,341,574 | |||||||||||||||
Machinery – 0.6% | ||||||||||||||||
7,930 | AGCO Corp |
1,099,812 | ||||||||||||||
Media – 0.6% | ||||||||||||||||
17,530 | Comcast Corp, Class A |
613,024 | ||||||||||||||
17,550 | New York Times Co/The, Class A |
569,673 | ||||||||||||||
Total Media |
1,182,697 | |||||||||||||||
Multiline Retail – 0.0% | ||||||||||||||||
70 | Dollar General Corp |
17,238 | ||||||||||||||
Oil, Gas & Consumable Fuels – 5.8% | ||||||||||||||||
17,830 | Chevron Corp |
3,200,307 | ||||||||||||||
11,340 | ConocoPhillips |
1,338,120 | ||||||||||||||
11,130 | EOG Resources Inc |
1,441,557 | ||||||||||||||
37,580 | Exxon Mobil Corp |
4,145,074 | ||||||||||||||
22,930 | HF Sinclair Corp |
1,189,838 | ||||||||||||||
Total Oil, Gas & Consumable Fuels |
11,314,896 | |||||||||||||||
Pharmaceuticals – 4.1% | ||||||||||||||||
900 | Eli Lilly & Co |
329,256 | ||||||||||||||
22,180 | Johnson & Johnson |
3,918,097 | ||||||||||||||
6,691 | Merck & Co Inc |
742,366 | ||||||||||||||
57,290 | Pfizer Inc |
2,935,540 | ||||||||||||||
Total Pharmaceuticals |
7,925,259 | |||||||||||||||
Professional Services – 1.4% | ||||||||||||||||
9,760 | Booz Allen Hamilton Holding Corp |
1,020,115 | ||||||||||||||
43,550 | Clarivate PLC (2) |
363,207 | ||||||||||||||
960 | KBR Inc |
50,688 | ||||||||||||||
12,850 | Leidos Holdings Inc |
1,351,692 | ||||||||||||||
Total Professional Services |
2,785,702 | |||||||||||||||
Road & Rail – 1.9% | ||||||||||||||||
50,980 | CSX Corp |
1,579,361 | ||||||||||||||
1,530 | Schneider National Inc, Class B |
35,802 | ||||||||||||||
9,530 | Union Pacific Corp |
1,973,377 | ||||||||||||||
Total Road & Rail |
3,588,540 | |||||||||||||||
Semiconductors & Semiconductor Equipment – 2.9% | ||||||||||||||||
120 | Broadcom Inc |
67,096 | ||||||||||||||
1,230 | Enphase Energy Inc (2) |
325,901 | ||||||||||||||
2,220 | Intel Corp |
58,674 | ||||||||||||||
18,600 | Lattice Semiconductor Corp (2) |
1,206,768 | ||||||||||||||
6,900 | NVIDIA Corp |
1,008,366 | ||||||||||||||
16,540 | QUALCOMM Inc |
1,818,408 | ||||||||||||||
13,050 | Skyworks Solutions Inc |
1,189,246 | ||||||||||||||
Total Semiconductors & Semiconductor Equipment |
5,674,459 | |||||||||||||||
Software – 10.9% | ||||||||||||||||
6,640 | Adobe Inc (2) |
2,234,559 | ||||||||||||||
840 | ANSYS Inc (2) |
202,936 | ||||||||||||||
9,410 | Cadence Design Systems Inc (2) |
1,511,622 | ||||||||||||||
23,700 | Fortinet Inc (2) |
1,158,693 | ||||||||||||||
9,760 | Manhattan Associates Inc (2) |
1,184,864 | ||||||||||||||
46,645 | Microsoft Corp |
11,186,404 | ||||||||||||||
5,511 | Salesforce Inc (2) |
730,703 | ||||||||||||||
4,440 | Synopsys Inc (2) |
1,417,648 |
JCE | Nuveen Core Equity Alpha Fund (continued) | |
Portfolio of Investments December 31, 2022 |
Shares | Description (1) | Value | ||||||||||||||
Software (continued) | ||||||||||||||||
31,120 | Teradata Corp (2) |
$ | 1,047,499 | |||||||||||||
2,500 | VMware Inc, Class A |
306,900 | ||||||||||||||
1,390 | Zscaler Inc (2) |
155,541 | ||||||||||||||
Total Software |
21,137,369 | |||||||||||||||
Specialty Retail – 2.8% | ||||||||||||||||
10,240 | Home Depot Inc/The |
3,234,406 | ||||||||||||||
10,320 | Lowe’s Cos Inc |
2,056,157 | ||||||||||||||
210 | Tractor Supply Co |
47,244 | ||||||||||||||
Total Specialty Retail |
5,337,807 | |||||||||||||||
Technology Hardware, Storage & Peripherals – 6.6% | ||||||||||||||||
98,638 | Apple Inc (4) |
12,816,035 | ||||||||||||||
Textiles, Apparel & Luxury Goods – 0.5% | ||||||||||||||||
2,730 | Lululemon Athletica Inc (2) |
874,637 | ||||||||||||||
Total Common Stocks (cost $184,162,131) |
191,657,543 | |||||||||||||||
Shares | Description (1) | Value | ||||||||||||||
EXCHANGE-TRADED FUNDS – 0.6% | ||||||||||||||||
2,800 | iShares Core S&P 500 ETF |
$ | 1,075,788 | |||||||||||||
Total Exchange-Traded Funds (cost $1,003,547) |
1,075,788 | |||||||||||||||
Total Long-Term Investments (cost $185,165,678) |
192,733,331 | |||||||||||||||
Shares | Description (1) | Coupon | Value | |||||||||||||
INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 0.3% |
|
|||||||||||||||
MONEY MARKET FUNDS – 0.3% | ||||||||||||||||
607,566 | State Street Navigator Securities Lending Government Money Market Portfolio (5) |
4.340% | (6) | $ | 607,566 | |||||||||||
Total Investments Purchased with Collateral from Securities Lending (cost $607,566) |
607,566 | |||||||||||||||
Principal Amount (000) |
Description (1) | Coupon | Maturity | Value | ||||||||||||
SHORT-TERM INVESTMENTS – 0.2% |
||||||||||||||||
REPURCHASE AGREEMENTS – 0.2% |
||||||||||||||||
$ | 352,120 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 12/30/22, repurchase price $352,170, collateralized by $467,100, U.S. Treasury Bond, 4.25%, due 2/15/42, value $359,211 |
1.280% | 1/03/23 | $ | 352,120 | ||||||||||
Total Short-Term Investments (cost $352,120) |
352,120 | |||||||||||||||
Total Investments (cost $186,125,364) – 100.1% |
193,693,017 | |||||||||||||||
Other Assets Less Liabilities – (0.1)% (7) |
(124,725 | ) | ||||||||||||||
Net Assets Applicable to Common Shares – 100% |
$ | 193,568,292 |
Description (8) | Type | Number of Contracts |
Notional Amount (9) |
Exercise Price |
Expiration Date |
Value | ||||||||||||||||||
S&P 500® Index |
Call | (30 | ) | $ | (12,000,000 | ) | $ | 4,000 | 1/20/23 | $ | (49,650 | ) | ||||||||||||
S&P 500® Index |
Call | (55 | ) | (22,550,000 | ) | 4,100 | 1/20/23 | (23,650 | ) | |||||||||||||||
S&P 500® Index |
Call | (55 | ) | (22,825,000 | ) | 4,150 | 1/20/23 | (11,688 | ) | |||||||||||||||
Total Options Written (premiums received $370,835) |
|
(140 | ) | $ | (57,375,000 | ) | $ | (84,988 | ) |
(1) | All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted. |
(2) | Non‑income producing; issuer has not declared an ex‑dividend date within the past twelve months. |
(3) | Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end of the reporting period was $586,333. |
(4) | Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in derivatives. |
(5) | The Fund may loan securities representing up to one third of the market value of its total assets (which includes collateral for securities on loan) to broker dealers, banks, and other institutions. The collateral maintained by the Fund shall have a market value, at the inception of each loan, equal to not less than 100% of the market value of the loaned securities. The cash collateral received by the Fund is invested in this money market fund. Other assets less liabilities also includes the value of options as presented on the Statement of Assets and Liabilities. |
(6) | The rate shown is the one‑day yield as of the end of the reporting period. |
(7) | Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over‑the‑counter (“OTC”) derivatives as well as the OTC cleared and exchange-traded derivatives, when applicable. The unrealized appreciation (depreciation) of OTC cleared and exchange-traded derivatives is recognized as part of the cash collateral at brokers and/or the receivable or payable for variation margin as presented on the Statement of Assets and Liabilities, when applicable. |
(8) | Exchange-traded, unless otherwise noted. |
(9) | For disclosure purposes, Notional Amount is calculated by multiplying the Number of Contracts by the Exercise Price by 100. |
ETF | Exchange-Traded Fund |
S&P | Standard & Poor’s |
BXMX | DIAX | SPXX | QQQX | JCE | ||||||||||||||||
Assets |
||||||||||||||||||||
Long-term investments, at value (cost $582,187,510, $248,198,624, $131,324,407, $453,907,794 and $185,165,678, respectively)(1) |
1,305,953,932 | 592,116,928 | 266,791,496 | 954,665,031 | 192,733,331 | |||||||||||||||
Short-term investments, at value (cost approximates value) |
26,896,495 | 1,891,323 | 1,046,283 | 874,968 | 352,120 | |||||||||||||||
Investments purchased with collateral from securities lending, at value (cost approximates value) |
12,408 | — | 259,831 | 686,986 | 607,566 | |||||||||||||||
Cash |
— | — | 791 | — | 6,847 | |||||||||||||||
Cash collateral at brokers for investments in options contracts(2) |
— | — | — | 450,000 | — | |||||||||||||||
Cash collateral at brokers for investments in futures contracts |
— | — | — | — | 373,366 | |||||||||||||||
Options purchased, at value (cost $—, $22,263, $11,132, $22,263, and $—, respectively) |
— | 4,800 | 2,400 | 4,800 | — | |||||||||||||||
Receivable for: |
||||||||||||||||||||
Dividends |
963,553 | 152,190 | 197,577 | 253,344 | 431,340 | |||||||||||||||
Interest |
1,913 | 135 | 74 | 62 | 25 | |||||||||||||||
Investments sold |
— | 234 | 1,661 | 12,026 | 21 | |||||||||||||||
Options terminated in closing purchase transactions |
6,782,928 | — | — | — | — | |||||||||||||||
Reclaims |
1,210 | — | — | 329 | — | |||||||||||||||
Deferred offering costs |
— | — | 219,738 | 42,208 | — | |||||||||||||||
Other assets |
294,500 | 48,262 | 47,346 | 178,019 | 39,317 | |||||||||||||||
Total assets |
1,340,906,939 | 594,213,872 | 268,567,197 | 957,167,773 | 194,543,933 | |||||||||||||||
Liabilities |
||||||||||||||||||||
Cash overdraft |
6,773,724 | — | — | — | — | |||||||||||||||
Options written, at value (premiums received $39,360,041, $6,700,474, $3,055,250, $12,922,169, and $370,835, respectively) |
23,696,130 | 4,822,375 | 2,195,338 | 5,487,302 | 84,988 | |||||||||||||||
Payable for: |
||||||||||||||||||||
Collateral from securities lending |
12,408 | — | 259,831 | 686,986 | 607,566 | |||||||||||||||
Accrued expenses: |
||||||||||||||||||||
Management fees |
946,677 | 432,048 | 188,436 | 702,857 | 154,026 | |||||||||||||||
Trustees fees |
302,948 | 51,947 | 49,080 | 119,859 | 39,712 | |||||||||||||||
Shelf offering costs |
— | — | — | 47,505 | — | |||||||||||||||
Other |
418,660 | 197,383 | 114,163 | 405,532 | 89,349 | |||||||||||||||
Total liabilities |
32,150,547 | 5,503,753 | 2,806,848 | 7,450,041 | 975,641 | |||||||||||||||
Net assets applicable to common shares |
$ | 1,308,756,392 | $ | 588,710,119 | $ | 265,760,349 | $ | 949,717,732 | $ | 193,568,292 | ||||||||||
|
104,086,837 | 36,366,913 | 17,951,159 | 16,072,627 | ||||||||||||||||
Net asset value (“NAV”) per common share outstanding |
$ | 12.57 | $ | 16.19 | $ | 14.80 | $ | 19.61 | $ | 12.04 | ||||||||||
Net assets applicable to common shares consist of: |
||||||||||||||||||||
Common shares, $0.01 par value per share |
$ | 1,040,868 | $ | 363,669 | $ | 179,512 | $ | 484,378 | $ | 160,726 | ||||||||||
Paid‑in‑surplus |
524,623,098 | 245,232,611 | 125,400,276 | 428,770,685 | 187,612,349 | |||||||||||||||
Total distributable earnings (loss) |
783,092,426 | 343,113,839 | 140,180,561 | 520,462,669 | 5,795,217 | |||||||||||||||
Net assets applicable to common shares |
$ | 1,308,756,392 | $ | 588,710,119 | $ | 265,760,349 | $ | 949,717,732 | $ | 193,568,292 | ||||||||||
Authorized common shares |
Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
(1) | Includes securities loaned of $12,137, $251,027, $662,232 and $586,333 for BXMX, SPXX, ,QQQX and JCE, respectively. |
(2) | Cash pledged to collateralize the net payment obligation for investments in derivatives is in addition to the Fund’s securities pledged as collateral as noted in the Portfolio of Investments. |
BXMX |
DIAX |
SPXX |
QQQX |
JCE |
||||||||||||||||
Investment Income |
||||||||||||||||||||
Dividends |
$ | 22,276,144 | $ | 12,799,794 | $ | 4,855,510 | $ | 10,365,130 | $ | 3,839,711 | ||||||||||
Interest |
140,722 | 6,029 | 3,529 | 7,983 | 4,391 | |||||||||||||||
Securities Lending Income, net |
952 | 46,602 | 12,566 | 230,102 | 148 | |||||||||||||||
Foreign tax withheld on dividend income |
(28,856 | ) | — | (1,182 | ) | (22,289 | ) | — | ||||||||||||
Total Investment Income |
22,388,962 | 12,852,425 | 4,870,423 | 10,580,926 | 3,844,250 | |||||||||||||||
Expenses |
||||||||||||||||||||
Management fees |
11,693,671 | 5,136,873 | 2,340,990 | 9,229,539 | 2,101,776 | |||||||||||||||
Interest expense |
1,086 | 408 | 218 | 1,101 | — | |||||||||||||||
Custodian fees |
126,190 | 76,306 | 60,460 | 129,790 | 55,413 | |||||||||||||||
Trustees fees |
50,250 | 21,188 | 10,263 | 40,220 | 8,318 | |||||||||||||||
Professional fees |
129,352 | 86,218 | 74,317 | 136,037 | 72,087 | |||||||||||||||
Shareholder reporting expenses |
170,233 | 79,915 | 48,057 | 157,394 | 31,851 | |||||||||||||||
Shareholder servicing agent fees |
1,010 | 479 | 175 | 630 | 199 | |||||||||||||||
Stock exchange listing fees |
31,523 | 10,342 | 7,420 | — | 7,406 | |||||||||||||||
Investor relations expenses |
118,430 | 55,698 | 37,960 | 128,670 | 22,727 | |||||||||||||||
Other |
238,560 | 136,608 | 62,674 | 353,980 | 10,432 | |||||||||||||||
Total expenses |
12,560,305 | 5,604,035 | 2,642,534 | 10,177,361 | 2,310,209 | |||||||||||||||
Net investment income (loss) |
9,828,657 | 7,248,390 | 2,227,889 | 403,565 | 1,534,041 | |||||||||||||||
Realized and Unrealized Gain (Loss) |
||||||||||||||||||||
Net realized gain (loss) from: |
||||||||||||||||||||
Investments and foreign currency |
38,860,250 | 8,806,457 | 11,187,459 | 22,330,123 | (2,549,464 | ) | ||||||||||||||
Futures contracts |
— | — | — | — | (8,968 | ) | ||||||||||||||
Options purchased |
— | (169,111 | ) | (87,930 | ) | (221,017 | ) | 13,408 | ||||||||||||
Options written |
92,014,514 | 18,144,464 | 9,550,235 | 82,240,122 | 907,627 | |||||||||||||||
Change in net unrealized appreciation (depreciation) of: |
||||||||||||||||||||
Investments and foreign currency |
(342,235,387 | ) | (67,363,544 | ) | (73,061,459 | ) | (495,194,174 | ) | (47,685,745 | ) | ||||||||||
Options purchased |
— | (17,463 | ) | (8,732 | ) | (17,463 | ) | — | ||||||||||||
Options written |
17,610,140 | 6,048,286 | 2,888,440 | 14,447,843 | 359,740 | |||||||||||||||
Net realized and unrealized gain (loss) |
(193,750,483 | ) | (34,550,911 | ) | (49,531,987 | ) | (376,414,566 | ) | (48,963,402 | ) | ||||||||||
Net increase (decrease) in net assets applicable to common shares from operations |
(183,921,826 | ) | (27,302,521 | ) | (47,304,098 | ) | (376,011,001 | ) | (47,429,361 | ) |
BXMX | DIAX | |||||||||||||||
Year Ended 12/31/22 |
Year Ended 12/31/21 |
Year Ended 12/31/22 |
Year Ended 12/31/21 |
|||||||||||||
Operations |
||||||||||||||||
Net investment income (loss) |
$ | 9,828,657 | $ | 4,675,828 | $ | 7,248,390 | $ | 6,196,640 | ||||||||
Net realized gain (loss) from: |
||||||||||||||||
Investments and foreign currency |
38,860,250 | 177,704,116 | 8,806,457 | 32,201,967 | ||||||||||||
Futures contracts |
— | — | — | — | ||||||||||||
Options purchased |
— | — | (169,111 | ) | 153,278 | |||||||||||
Options written |
92,014,514 | (116,624,336 | ) | 18,144,464 | (23,200,656 | ) | ||||||||||
Change in net unrealized appreciation (depreciation) of: |
||||||||||||||||
Investments and foreign currency |
(342,235,387 | ) | 174,888,737 | (67,363,544 | ) | 79,804,076 | ||||||||||
Options purchased |
— | — | (17,463 | ) | 5,632 | |||||||||||
Options written |
17,610,140 | 8,560,570 | 6,048,286 | (3,331,527 | ) | |||||||||||
Net increase (decrease) in net assets applicable to common shares from operations |
(183,921,826 | ) | 249,204,915 | (27,302,521 | ) | 91,829,410 | ||||||||||
Distributions to Common Shareholders |
||||||||||||||||
Dividends |
(98,466,148 | ) | (50,306,812 | ) | (40,345,882 | ) | (12,192,825 | ) | ||||||||
Return of capital |
— | (39,207,868 | ) | (1,359,694 | ) | (27,519,845 | ) | |||||||||
Decrease in net assets applicable to common shares from distributions to common shareholders |
(98,466,148 | ) | (89,514,680 | ) | (41,705,576 | ) | (39,712,670 | ) | ||||||||
Capital Share Transactions |
||||||||||||||||
Proceeds from shelf offering, net of offering costs |
— | — | — | — | ||||||||||||
Net proceeds from common shares issued to shareholders due to reinvestment of distributions |
— | — | — | — | ||||||||||||
Net increase (decrease) in net assets applicable to common shares from capital share transactions |
— | — | — | — | ||||||||||||
Net increase (decrease) in net assets applicable to common shares |
(282,387,974 | ) | 159,690,235 | (69,008,097 | ) | 52,116,740 | ||||||||||
Net assets applicable to common shares at the beginning of period |
1,591,144,366 | 1,431,454,131 | 657,718,216 | 605,601,476 | ||||||||||||
Net assets applicable to common shares at the end of period |
$ | 1,308,756,392 | $ | 1,591,144,366 | $ | 588,710,119 | $ | 657,718,216 |
SPXX | QQQX | |||||||||||||||
Year Ended 12/31/22 |
Year Ended 12/31/21 |
Year Ended 12/31/22 |
Year Ended 12/31/21 |
|||||||||||||
Operations |
||||||||||||||||
Net investment income (loss) |
$ | 2,227,889 | $ | 1,849,198 | $ | 403,565 | $ | (2,531,410 | ) | |||||||
Net realized gain (loss) from: |
||||||||||||||||
Investments and foreign currency |
11,187,459 | 49,477,998 | 22,330,123 | 166,937,589 | ||||||||||||
Futures contracts |
— | — | — | — | ||||||||||||
Options purchased |
(87,930 | ) | 79,037 | (221,017 | ) | 144,380 | ||||||||||
Options written |
9,550,235 | (10,788,646 | ) | 82,240,122 | (89,604,711 | ) | ||||||||||
Change in net unrealized appreciation (depreciation) of: |
||||||||||||||||
Investments and foreign currency |
(73,061,459 | ) | 21,506,299 | (495,194,174 | ) | 151,243,357 | ||||||||||
Options purchased |
(8,732 | ) | 2,816 | (17,463 | ) | 5,632 | ||||||||||
Options written |
2,888,440 | (1,644,623 | ) | 14,447,843 | (6,565,544 | ) | ||||||||||
Net increase (decrease) in net assets applicable to common shares from operations |
(47,304,098 | ) | 60,482,079 | (376,011,001 | ) | 219,629,293 | ||||||||||
Distributions to Common Shareholders |
||||||||||||||||
Dividends |
(20,756,114 | ) | (12,176,538 | ) | (93,184,576 | ) | (33,913,718 | ) | ||||||||
Return of capital |
— | (4,722,744 | ) | — | (44,002,163 | ) | ||||||||||
Decrease in net assets applicable to common shares from distributions to common shareholders |
(20,756,114 | ) | (16,899,282 | ) | (93,184,576 | ) | (77,915,881 | ) | ||||||||
Capital Share Transactions |
||||||||||||||||
Proceeds from shelf offering, net of offering costs |
10,181,265 | 1,804,279 | 81,420,803 | 99,137,676 | ||||||||||||
Net proceeds from common shares issued to shareholders due to reinvestment of distributions |
223,858 | 79,716 | 2,625,827 | 1,707,146 | ||||||||||||
Net increase (decrease) in net assets applicable to common shares from capital share transactions |
10,405,123 | 1,883,995 | 84,046,630 | 100,844,822 | ||||||||||||
Net increase (decrease) in net assets applicable to common shares |
(57,655,089 | ) | 45,466,792 | (385,148,947 | ) | 242,558,234 | ||||||||||
Net assets applicable to common shares at the beginning of period |
323,415,438 | 277,948,646 | 1,334,866,679 | 1,092,308,445 | ||||||||||||
Net assets applicable to common shares at the end of period |
$ | 265,760,349 | $ | 323,415,438 | $ | 949,717,732 | $ | 1,334,866,679 |
JCE | ||||||||
Year Ended 12/31/22 |
Year Ended 12/31/21 |
|||||||
Operations |
||||||||
Net investment income (loss) |
$ | 1,534,041 | $ | 231,780 | ||||
Net realized gain (loss) from: |
||||||||
Investments and foreign currency |
(2,549,464 | ) | 38,732,097 | |||||
Futures contracts |
(8,968 | ) | — | |||||
Options purchased |
13,408 | (50,655 | ) | |||||
Options written |
907,627 | (3,426,456 | ) | |||||
Change in net unrealized appreciation (depreciation) of: |
||||||||
Investments and foreign currency |
(47,685,745 | ) | 28,018,209 | |||||
Options purchased |
— | — | ||||||
Options written |
359,740 | (99,154 | ) | |||||
Net increase (decrease) in net assets applicable to common shares from operations |
(47,429,361 | ) | 63,405,821 | |||||
Distributions to Common Shareholders |
||||||||
Dividends |
(32,669,229 | ) | (29,461,455 | ) | ||||
Return of capital |
(4,773,720 | ) | — | |||||
Decrease in net assets applicable to common shares from distributions to common shareholders |
(37,442,949 | ) | (29,461,455 | ) | ||||
Capital Share Transactions |
||||||||
Proceeds from shelf offering, net of offering costs |
— | — | ||||||
Net proceeds from common shares issued to shareholders due to reinvestment of distributions |
396,514 | 310,105 | ||||||
Net increase (decrease) in net assets applicable to common shares from capital share transactions |
396,514 | 310,105 | ||||||
Net increase (decrease) in net assets applicable to common shares |
(84,475,796 | ) | 34,254,471 | |||||
Net assets applicable to common shares at the beginning of period |
278,044,088 | 243,789,617 | ||||||
Net assets applicable to common shares at the end of period |
$ | 193,568,292 | $ | 278,044,088 |
Investment Operations | Less Distributions to Common Shareholders |
Common Shares | ||||||||||||||||||||||||||||||||||||||||||||||
Beginning Common Share NAV |
Net Investment Income (Loss)(a) |
Net Realized/ Unrealized Gain (Loss) |
Total | From Net Investment Income |
From Accumulated Net Realized Gains |
Return of Capital |
Total | Shelf Offering Costs |
Premium Per Shares Sold through Shelf Offering |
Ending NAV |
Ending Share Price |
|||||||||||||||||||||||||||||||||||||
BXMX |
| |||||||||||||||||||||||||||||||||||||||||||||||
Year Ended 12/31: |
| |||||||||||||||||||||||||||||||||||||||||||||||
2022 |
$ | 15.29 | $ | 0.09 | $ | (1.86 | ) | $ | (1.77 | ) | $ | (0.10 | ) | $ | (0.85 | ) | $ | — | $ | (0.95 | ) | $ | — | $ | — | $ | 12.57 | $ | 12.65 | |||||||||||||||||||
2021 |
13.75 | 0.04 | 2.36 | 2.40 | (0.07 | ) | (0.41 | ) | (0.38 | ) | (0.86 | ) | — | — | 15.29 | 14.65 | ||||||||||||||||||||||||||||||||
2020 |
13.68 | 0.15 | 0.80 | 0.95 | (0.12 | ) | — | (0.76 | ) | (0.88 | ) | — | * | — | * | 13.75 | 12.88 | |||||||||||||||||||||||||||||||
2019 |
12.61 | 0.16 | 1.84 | 2.00 | (0.16 | ) | — | (0.77 | ) | (0.93 | ) | — | * | — | * | 13.68 | 13.75 | |||||||||||||||||||||||||||||||
2018 |
14.35 | 0.15 | (0.91 | ) | (0.76 | ) | (0.16 | ) | (0.37 | ) | (0.45 | ) | (0.98 | ) | — | * | — | * | 12.61 | 12.07 | ||||||||||||||||||||||||||||
DIAX |
| |||||||||||||||||||||||||||||||||||||||||||||||
Year Ended 12/31: |
| |||||||||||||||||||||||||||||||||||||||||||||||
2022 |
18.09 | 0.20 | (0.95 | ) | (0.75 | ) | (0.20 | ) | (0.91 | ) | (0.04 | ) | (1.15 | ) | — | — | 16.19 | 15.51 | ||||||||||||||||||||||||||||||
2021 |
16.65 | 0.17 | 2.36 | 2.53 | (0.17 | ) | (0.16 | ) | (0.76 | ) | (1.09 | ) | — | — | 18.09 | 17.77 | ||||||||||||||||||||||||||||||||
2020 |
18.20 | 0.22 | (0.66 | ) | (0.44 | ) | (0.22 | ) | (0.81 | ) | (0.08 | ) | (1.11 | ) | — | * | — | * | 16.65 | 15.20 | ||||||||||||||||||||||||||||
2019 |
16.90 | 0.27 | 2.21 | 2.48 | (0.27 | ) | — | (0.91 | ) | (1.18 | ) | — | * | — | * | 18.20 | 17.66 | |||||||||||||||||||||||||||||||
2018 |
19.05 | 0.25 | (1.16 | ) | (0.91 | ) | (0.25 | ) | (0.22 | ) | (0.77 | ) | (1.24 | ) | — | * | — | * | 16.90 | 16.12 | ||||||||||||||||||||||||||||
SPXX |
| |||||||||||||||||||||||||||||||||||||||||||||||
Year Ended 12/31: |
| |||||||||||||||||||||||||||||||||||||||||||||||
2022 |
18.70 | 0.13 | (2.85 | ) | (2.72 | ) | (0.13 | ) | (1.05 | ) | — | (1.18 | ) | — | — | 14.80 | 16.12 | |||||||||||||||||||||||||||||||
2021 |
16.17 | 0.11 | 3.40 | 3.51 | (0.11 | ) | (0.60 | ) | (0.27 | ) | (0.98 | ) | — | * | — | * | 18.70 | 18.60 | ||||||||||||||||||||||||||||||
2020 |
16.27 | 0.15 | 0.75 | 0.90 | (0.15 | ) | — | (0.85 | ) | (1.00 | ) | — | * | — | * | 16.17 | 15.24 | |||||||||||||||||||||||||||||||
2019 |
14.42 | 0.17 | 2.74 | 2.91 | (0.18 | ) | — | (0.88 | ) | (1.06 | ) | — | * | — | * | 16.27 | 16.47 | |||||||||||||||||||||||||||||||
2018 |
16.47 | 0.18 | (1.12 | ) | (0.94 | ) | (0.18 | ) | (0.03 | ) | (0.91 | ) | (1.12 | ) | — | * | 0.01 | 14.42 | 14.04 | |||||||||||||||||||||||||||||
QQQX |
| |||||||||||||||||||||||||||||||||||||||||||||||
Year Ended 12/31: |
| |||||||||||||||||||||||||||||||||||||||||||||||
2022 |
29.63 | 0.01 | (8.06 | ) | (8.05 | ) | (0.01 | ) | (1.96 | ) | — | (1.97 | ) | — | — | 19.61 | 20.43 | |||||||||||||||||||||||||||||||
2021 |
26.32 | (0.06 | ) | 5.12 | 5.06 | — | (0.78 | ) | (1.01 | ) | (1.79 | ) | — | * | 0.04 | 29.63 | 30.65 | |||||||||||||||||||||||||||||||
2020 |
24.12 | 0.04 | 3.70 | 3.74 | (0.01 | ) | — | (1.55 | ) | (1.56 | ) | — | * | 0.02 | 26.32 | 26.01 | ||||||||||||||||||||||||||||||||
2019 |
20.27 | 0.06 | 5.33 | 5.39 | (0.05 | ) | — | (1.51 | ) | (1.56 | ) | — | * | 0.02 | 24.12 | 24.05 | ||||||||||||||||||||||||||||||||
2018 |
22.84 | 0.06 | (0.98 | ) | (0.92 | ) | (0.06 | ) | (1.37 | ) | (0.25 | ) | (1.68 | ) | — | * | 0.03 | 20.27 | 20.00 |
Common Share Supplemental Data/ Ratios Applicable to Common Shares |
||||||||||||||||||||||
Common Share Total Returns |
Ratios to Average Net Assets | |||||||||||||||||||||
Based on NAV(b) |
Based on Share Price(b) |
Ending Net Assets (000) |
Expenses | Net Investment Income (Loss) |
Portfolio Turnover Rate(c) |
|||||||||||||||||
(11.63 | )% | (7.09 | )% | $ | 1,308,756 | 0.89 | % | 0.70 | % | 6 | % | |||||||||||
17.80 | 20.75 | 1,591,144 | 0.89 | 0.31 | 7 | |||||||||||||||||
7.92 | 1.16 | 1,431,454 | 0.91 | 1.14 | 22 | |||||||||||||||||
16.16 | 22.08 | 1,422,672 | 0.91 | 1.18 | 4 | |||||||||||||||||
(5.56 | ) | (8.88 | ) | 1,307,669 | 0.89 | 1.10 | 5 | |||||||||||||||
(3.92 | ) | (5.93 | ) | 588,710 | 0.93 | % | 1.20 | % | 15 | % | ||||||||||||
15.45 | 24.60 | 657,718 | 0.92 | 0.96 | 8 | |||||||||||||||||
(1.49 | ) | (6.73 | ) | 605,601 | 0.94 | 1.40 | 27 | |||||||||||||||
14.94 | 17.07 | 661,255 | 0.95 | 1.49 | 6 | |||||||||||||||||
(5.01 | ) | (8.27 | ) | 610,220 | 0.92 | 1.37 | 9 | |||||||||||||||
(14.70 | ) | (6.79 | ) | 265,760 | 0.92 | % | 0.78 | % | 32 | % | ||||||||||||
22.15 | 29.03 | 323,415 | 0.90 | 0.61 | 26 | |||||||||||||||||
6.60 | (0.24 | ) | 277,949 | 0.93 | 1.03 | 20 | ||||||||||||||||
20.62 | 25.40 | 275,280 | 0.99 | 1.11 | 8 | |||||||||||||||||
(6.03 | ) | (12.99 | ) | 238,344 | 0.91 | 1.08 | 16 | |||||||||||||||
(27.68 | ) | (27.25 | ) | 949,718 | 0.92 | % | 0.04 | % | 36 | % | ||||||||||||
19.85 | 25.39 | 1,334,867 | 0.90 | (0.21 | ) | 32 | ||||||||||||||||
16.61 | 15.66 | 1,092,308 | 0.94 | 0.15 | 20 | |||||||||||||||||
27.33 | 28.73 | 951,945 | 0.91 | 0.25 | 11 | |||||||||||||||||
(4.39 | ) | (11.15 | ) | 766,930 | 0.91 | 0.25 | 23 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | Total Return Based on Common Share NAV is the combination of changes in common share NAV, reinvested dividend income at Common Share NAV and reinvested capital gains distributions at NAV, if any. The last dividend declared in the period, which is typically paid on the first business day of the following month, is assumed to be reinvested at the ending NAV. The actual reinvest price for the last dividend declared in the period may often be based on the Fund’s market price (and not its NAV), and therefore may be different from the price used in the calculation. Total returns are not annualized. |
(c) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
* | Value rounded to zero. |
Investment Operations | Less Distributions to Common Shareholders |
Common Shares | ||||||||||||||||||||||||||||||||||||||||||||||
Beginning Common Share NAV |
Net Investment Income (Loss)(a) |
Net Realized/ Unrealized Gain (Loss) |
Total | From Net Investment Income |
From Accumulated Net Realized Gains |
Return of Capital |
Total | Shelf Offering Costs |
Premium Per Shares Sold through Shelf Offering |
Ending NAV |
Ending Share Price |
|||||||||||||||||||||||||||||||||||||
JCE |
| |||||||||||||||||||||||||||||||||||||||||||||||
Year Ended 12/31: |
| |||||||||||||||||||||||||||||||||||||||||||||||
2022 |
$ | 17.33 | $ | 0.10 | $ | (3.06 | ) | $ | (2.96 | ) | $ | (0.10 | ) | $ | (1.93 | ) | $ | (0.30 | ) | $ | (2.33 | ) | $ | — | $ | — | $ | 12.04 | $ | 13.54 | ||||||||||||||||||
2021 |
15.21 | 0.01 | 3.95 | 3.96 | (0.07 | ) | (1.77 | ) | — | (1.84 | ) | — | — | 17.33 | 18.58 | |||||||||||||||||||||||||||||||||
2020 |
15.04 | 0.14 | 0.96 | 1.10 | (0.10 | ) | (0.83 | ) | — | (0.93 | ) | — | — | * | 15.21 | 14.07 | ||||||||||||||||||||||||||||||||
2019 |
12.68 | 0.09 | 3.27 | 3.36 | (0.10 | ) | (0.55 | ) | (0.35 | ) | (1.00 | ) | — | — | 15.04 | 14.62 | ||||||||||||||||||||||||||||||||
2018 |
14.76 | 0.07 | (1.04 | ) | (0.97 | ) | (0.07 | ) | (1.04 | ) | — | (1.11 | ) | — | — | 12.68 | 12.03 |
Common Share Supplemental Data/ Ratios Applicable to Common Shares |
||||||||||||||||||||||
Common Share Total Returns |
Ratios to Average Net Assets | |||||||||||||||||||||
Based on NAV(b) |
Based on Share Price(b) |
Ending Net Assets (000) |
Expenses | Net Investment Income (Loss) |
Portfolio Turnover Rate(c) |
|||||||||||||||||
(17.30 | )% | (14.07 | )% | $ | 193,568 | 1.00 | % | 0.66 | % | 92 | % | |||||||||||
26.91 | 47.15 | 278,044 | 0.98 | 0.09 | 104 | |||||||||||||||||
8.42 | 3.62 | 243,790 | 1.17 | (d) | 1.00 | (d) | 169 | |||||||||||||||
26.96 | 30.26 | 241,024 | 1.01 | 0.64 | 35 | |||||||||||||||||
(7.17 | ) | (10.86 | ) | 203,322 | 1.01 | 0.47 | 121 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | Total Return Based on Common Share NAV is the combination of changes in common share NAV, reinvested dividend income at Common Share NAV and reinvested capital gains distributions at NAV, if any. The last dividend declared in the period, which is typically paid on the first business day of the following month, is assumed to be reinvested at the ending NAV. The actual reinvest price for the last dividend declared in the period may often be based on the Fund’s market price (and not its NAV), and therefore may be different from the price used in the calculation. Total returns are not annualized. |
Total Return Based on Common Share Price is the combination of changes in the market price per share and the effect of reinvested dividend income and reinvested capital gains distributions, if any, at the average price paid per share at the time of reinvestment. The last dividend declared in the period, which is typically paid on the first business day of the following month, is assumed to be reinvested at the ending market price. The actual reinvestment for the last dividend declared in the period may take place over several days, and in some instances may not be based on the market price, so the actual reinvestment price may be different from the price used in the calculation. Total returns are not annualized. |
(c) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
(d) | During the period ended December 31, 2020, the Adviser voluntarily reimbursed the Fund for certain expenses incurred in connection with a common shares equity shelf program. As a result, the Expenses and Net Investment Income (Loss) Ratios to Average Net Assets reflect this voluntary expense reimbursement from Adviser. The Expenses and Net Investment Income (Loss) Ratios to Average Net Assets excluding this expense reimbursement from Adviser were as follows: |
Ratios to Average Net Assets | ||||||||
Expenses | |
Net Investment Income (Loss) |
| |||||
Year Ended 12/31: |
||||||||
2020 |
1.23 | % | 0.94 | % |
* | Value rounded to zero. |
• | Nuveen S&P 500 Buy-Write Income Fund (BXMX) |
• | Nuveen Dow 30SM Dynamic Overwrite Fund (DIAX) |
• | Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) |
• | Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) |
• | Nuveen Core Equity Alpha Fund (JCE) |
Level 1 – | Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities. | |
Level 2 – | Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.). | |
Level 3 – | Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments). |
BXMX | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Long-Term Investments*: |
||||||||||||||||
Common Stocks |
$ | 1,305,953,932 | $ | — | $ | — | $ | 1,305,953,932 | ||||||||
Investments Purchased with Collateral from Securities Lending |
12,408 | — | — | 12,408 | ||||||||||||
Short-Term Investments: |
||||||||||||||||
Repurchase Agreements |
— | 26,896,495 | — | 26,896,495 | ||||||||||||
Investment in Derivatives: |
||||||||||||||||
Options Written |
(23,696,130 | ) | — | — | (23,696,130 | ) | ||||||||||
Total |
$ | 1,282,270,210 | $ | 26,896,495 | $ | — | $ | 1,309,166,705 |
DIAX | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Long-Term Investments*: |
||||||||||||||||
Common Stocks |
$ | 588,293,128 | $ | — | $ | — | $ | 588,293,128 | ||||||||
Exchange-Traded Funds |
3,823,800 | — | — | 3,823,800 | ||||||||||||
Short-Term Investments: |
||||||||||||||||
Repurchase Agreements |
— | 1,891,323 | — | 1,891,323 | ||||||||||||
Investment in Derivatives: |
||||||||||||||||
Options Purchased |
4,800 | — | — | 4,800 | ||||||||||||
Options Written |
(4,822,375 | ) | — | — | (4,822,375 | ) | ||||||||||
Total |
$ | 587,299,353 | $ | 1,891,323 | $ | — | $ | 589,190,676 | ||||||||
SPXX | ||||||||||||||||
Long-Term Investments*: |
||||||||||||||||
Common Stocks |
$ | 263,923,646 | $ | — | $ | — | $ | 263,923,646 | ||||||||
Exchange-Traded Funds |
2,867,850 | — | — | 2,867,850 | ||||||||||||
Investments Purchased with Collateral from Securities Lending |
259,831 | — | — | 259,831 | ||||||||||||
Short-Term Investments: |
||||||||||||||||
Repurchase Agreements |
— | 1,046,283 | — | 1,046,283 | ||||||||||||
Investment in Derivatives: |
||||||||||||||||
Options Purchased |
2,400 | — | — | 2,400 | ||||||||||||
Options Written |
(2,195,338 | ) | — | — | (2,195,338 | ) | ||||||||||
Total |
$ | 264,858,389 | $ | 1,046,283 | $ | — | $ | 265,904,672 | ||||||||
QQQX | ||||||||||||||||
Long-Term Investments*: |
||||||||||||||||
Common Stocks |
$ | 949,885,281 | $ | — | $ | — | $ | 949,885,281 | ||||||||
Exchange-Traded Funds |
4,779,750 | — | — | 4,779,750 | ||||||||||||
Investments Purchased with Collateral from Securities Lending |
686,986 | — | — | 686,986 | ||||||||||||
Short-Term Investments: |
||||||||||||||||
Repurchase Agreements |
— | 874,968 | — | 874,968 | ||||||||||||
Investment in Derivatives: |
||||||||||||||||
Options Purchased |
4,800 | — | — | 4,800 | ||||||||||||
Options Written |
(5,487,302 | ) | — | — | (5,487,302 | ) | ||||||||||
Total |
$ | 949,869,515 | $ | 874,968 | $ | — | $ | 950,744,483 | ||||||||
JCE | ||||||||||||||||
Long-Term Investments*: |
||||||||||||||||
Common Stocks |
$ | 191,657,543 | $ | — | $ | — | $ | 191,657,543 | ||||||||
Exchange-Traded Funds |
1,075,788 | — | — | 1,075,788 | ||||||||||||
Investments Purchased with Collateral from Securities Lending |
607,566 | — | — | 607,566 | ||||||||||||
Short-Term Investments: |
||||||||||||||||
Repurchase Agreements |
— | 352,120 | — | 352,120 | ||||||||||||
Investment in Derivatives: |
||||||||||||||||
Options Written |
(84,988 | ) | — | — | (84,988 | ) | ||||||||||
Total |
$ | 193,255,909 | $ | 352,120 | $ | — | $ | 193,608,029 |
* | Refer to the Fund’s Portfolio of Investments for industry/sector classifications, when applicable. |
Fund | Counterparty | Short-Term Investments, at Value |
Collateral Pledged (From) Counterparty |
|||||||
BXMX | Fixed Income Clearing Corporation |
$ | 26,896,495 | $ | (27,434,497 | ) | ||||
DIAX | Fixed Income Clearing Corporation |
1,891,323 | (1,929,173 | ) | ||||||
SPXX | Fixed Income Clearing Corporation |
1,046,283 | (1,067,242 | ) | ||||||
QQQX | Fixed Income Clearing Corporation |
874,968 | (892,527 | ) | ||||||
JCE | Fixed Income Clearing Corporation |
352,120 | (359,211 | ) |
Fund | Asset Class out on Loan | Long-Term Investments, at Value |
Total Collateral Received |
|||||||
BXMX | Common Stocks |
$ | 12,137 | $ | 12,408 | |||||
SPXX | Common Stocks |
251,027 | 259,831 | |||||||
QQQX | Common Stocks |
662,232 | 686,986 | |||||||
JCE | Common Stocks |
586,333 | 607,566 |
BXMX | DIAX | SPXX | QQQX | JCE | ||||||||||||||||
Purchases |
$ | 111,736,347 | $ | 91,234,128 | $ | 113,576,583 | $ | 455,705,350 | $ | 213,940,717 | ||||||||||
Sales |
87,101,532 | 108,560,614 | 112,403,961 | 385,734,752 | 248,618,002 |
Fund | Average Notional Amount of Futures Contracts Outstanding* |
|||
JCE |
$ | — |
* | The average notional amount is calculated based on the absolute aggregate notional amount of contracts outstanding at the beginning of the current fiscal period and at the end of each quarter within the current fiscal period. The Fund did not hold any open futures contracts at the end of any fiscal quarter within the current fiscal period. |
Fund | Underlying Risk Exposure |
Derivative Instrument |
Net Realized Gain (Loss) from Futures Contracts |
Change in Net Unrealized Appreciation (Depreciation) of Futures Contracts |
||||||||
JCE | Equity | Future Contracts | $ | (8,968 | ) | $ | — |
DIAX | SPXX | QQQX | JCE | |||||||||||||||||
Average notional amount of outstanding call options purchased* |
$ | 840,000 | $ | 420,000 | $ | 840,000 | $ | — | ||||||||||||
BXMX | DIAX | SPXX | QQQX | JCE | ||||||||||||||||
Average notional amount of outstanding call options written* |
$ | (1,420,496,500 | ) | $ | (328,178,000 | ) | $ | (156,559,500 | ) | $ | (603,551,500 | ) | $ | (64,679,000 | ) | |||||
DIAX | SPXX | QQQX | ||||||||||||||||||
Average notional amount of outstanding put options purchased* |
$ | 228,000 | $ | 114,000 | $ | 228,000 | ||||||||||||||
DIAX | SPXX | QQQX | ||||||||||||||||||
Average notional amount of outstanding put options written* |
$ | (9,360,000 | ) | $ | (4,320,000 | ) | $ | (15,840,000 | ) |
* | The average notional amount is calculated based on the absolute aggregate notional amount of contracts outstanding at the beginning of the current fiscal period and at the end of each quarter within the current fiscal period. JCE did not hold any call options purchased at the end of any fiscal quarter within the current fiscal period. |
Location on the Statement of Assets and Liabilities |
||||||||||||||||||
Underlying Risk Exposure |
Derivative Instrument |
Asset Derivatives |
(Liability) Derivatives |
|||||||||||||||
Location | Value | Location | Value | |||||||||||||||
BXMX | | |||||||||||||||||
Equity price | Options | — | $ | — | Options written, at value | $ | (23,696,130 | ) | ||||||||||
DIAX | | |||||||||||||||||
Equity price | Options | Option purchased, at value | $ | 4,800 | Options written, at value | $ | (4,822,375 | ) | ||||||||||
SPXX | | |||||||||||||||||
Equity price | Options | Options purchased, at value | $ | 2,400 | Options written, at value | $ | (2,195,338 | ) | ||||||||||
QQQX | | |||||||||||||||||
Equity price | Options | Options purchased, at value | $ | 4,800 | Options written, at value | $ | (5,487,302 | ) | ||||||||||
JCE | | |||||||||||||||||
Equity price | Options | — | $ | — | Options written, at value | $ | (84,988 | ) |
Fund | Underlying Risk Exposure |
Derivative Instrument |
Net Realized Gain (Loss) from Options Purchased/Written |
Change in Net Unrealized Appreciation (Depreciation) of Options Purchased/Written |
||||||||
BXMX | Equity price | Options purchased | $ | — | $ | — | ||||||
BXMX | Equity price | Options written | 92,014,514 | 17,610,140 | ||||||||
DIAX | Equity price | Options purchased | (169,111 | ) | (17,463 | ) | ||||||
DIAX | Equity price | Options written | 18,144,464 | 6,048,286 | ||||||||
SPXX | Equity price | Options purchased | (87,930 | ) | (8,732 | ) | ||||||
SPXX | Equity price | Options written | 9,550,235 | 2,888,440 | ||||||||
QQQX | Equity price | Options purchased | (221,017 | ) | (17,463 | ) | ||||||
QQQX | Equity price | Options written | 82,240,122 | 14,447,843 | ||||||||
JCE | Equity price | Options purchased | 13,408 | — | ||||||||
JCE | Equity price | Options written | 907,627 | 359,740 |
SPXX | QQQX | |||||||||||||||
Year Ended 12/31/22 |
Year Ended 12/31/21 |
Year Ended 12/31/22 |
Year Ended 12/31/21 |
|||||||||||||
Maximum aggregate offering |
4,993,317 | 4,993,317 | * | Unlimited | Unlimited | ** | ||||||||||
Common shares sold |
639,749 | 100,336 | 3,280,964 | 3,478,731 | ||||||||||||
Offering proceeds, net of offering costs |
$ | 10,181,265 | $ | 1,804,279 | $ | 81,420,803 | $ | 99,137,676 |
* | Represents maximum aggregate offering for the period July 28, 2021 through December 31, 2021. |
** | Represents maximum aggregate offering for the period April 30, 2021 through December 31, 2021. |
SPXX | QQQX | JCE | ||||||||||||||||||||||
Year Ended 12/31/22 |
Year Ended 12/31/21 |
Year Ended 12/31/22 |
Year Ended 12/31/21 |
Year Ended 12/31/22 |
Year Ended 12/31/21 |
|||||||||||||||||||
Common shares: |
||||||||||||||||||||||||
Issued to shareholders due to reinvestment of distributions |
14,838 | 4,478 | 109,290 | 60,886 | 25,025 | 18,321 | ||||||||||||||||||
Sold through shelf offering |
639,749 | 100,336 | 3,280,964 | 3,478,731 | — | — | ||||||||||||||||||
Weighted average common share: |
||||||||||||||||||||||||
Premium to NAV per shelf offering sold |
1.77 | % | 1.23 | % | 2.37 | % | 1.90 | % | — | — |
Fund | Tax Cost | Gross Unrealized Appreciation |
Gross Unrealized (Depreciation) |
Net Unrealized Appreciation (Depreciation) |
||||||||||||
BXMX | $ | 585,897,149 | $ | 760,950,520 | $ | (37,680,964 | ) | $ | 723,269,556 | |||||||
DIAX | 246,076,837 | 363,443,554 | (20,329,715 | ) | 343,113,839 | |||||||||||
SPXX | 130,759,686 | 143,034,612 | (7,889,626 | ) | 135,144,986 | |||||||||||
QQQX | 456,664,951 | 549,643,963 | (55,564,431 | ) | 494,079,532 | |||||||||||
JCE | 186,289,875 | 22,550,776 | (15,232,622 | ) | 7,318,154 |
Fund | Undistributed Ordinary Income |
Undistributed Long-Term Capital Gains |
Unrealized Appreciation (Depreciation) |
Capital Loss Carryforwards |
Late‑Year Loss Deferrals |
Other Book‑to‑Tax Differences |
Total | |||||||||||||||||||||
BXMX | $ | 18,370,943 | $ | 41,451,927 | $ | 723,269,556 | $ | — | $ | — | $ | — | $ | 783,092,426 | ||||||||||||||
DIAX | — | — | 343,113,839 | — | — | — | 343,113,839 | |||||||||||||||||||||
SPXX | — | 5,035,575 | 135,144,986 | — | — | — | 140,180,561 | |||||||||||||||||||||
QQQX | 5,025,099 | 21,358,038 | 494,079,532 | — | — | — | 520,462,669 | |||||||||||||||||||||
JCE | — | — | 7,318,154 | (1,485,191 | ) | — | (37,746 | ) | 5,795,217 |
12/31/2022 | 12/31/2021 | |||||||||||||||||||||||
Fund | Ordinary Income |
Long-Term Capital Gains |
Return of Capital |
Ordinary Income |
Long-Term Capital Gains |
Return of Capital |
||||||||||||||||||
BXMX | $ | 37,065,603 | $ | 61,400,545 | $ | — | $ | 7,941,118 | $ | 42,365,694 | $ | 39,207,868 | ||||||||||||
DIAX | 17,416,496 | 22,929,386 | 1,359,694 | 6,196,646 | 5,996,179 | 27,519,845 | ||||||||||||||||||
SPXX | 2,223,255 | 18,532,859 | — | 1,822,067 | 10,354,471 | 4,722,744 | ||||||||||||||||||
QQQX | 18,109,242 | 75,075,334 | — | — | 33,913,718 | 44,002,163 | ||||||||||||||||||
JCE | 27,672,785 | 4,996,444 | 4,773,720 | 4,883,323 | 24,578,132 | — |
Fund | Short‑Term | Long‑Term | Total | |||||||||
BXMX | $ | — | $ | — | $ | — | ||||||
DIAX | — | — | — | |||||||||
SPXX | — | — | — | |||||||||
QQQX | — | — | — | |||||||||
JCE | 1,485,191 | — | 1,485,191 |
Average Daily Managed Assets* | BXMX | DIAX | SPXX | QQQX | JCE | |||||||||||||||
For the first $500 million |
0.7000 | % | 0.7000 | % | 0.6600 | % | 0.6900 | % | 0.7500 | % | ||||||||||
For the next $500 million |
0.6750 | 0.6750 | 0.6350 | 0.6650 | 0.7250 | |||||||||||||||
For the next $500 million |
0.6500 | 0.6500 | 0.6100 | 0.6400 | 0.7000 | |||||||||||||||
For the next $500 million |
0.6250 | 0.6250 | 0.5850 | 0.6150 | 0.6750 | |||||||||||||||
For managed assets over $2 billion |
0.6000 | 0.6000 | 0.5600 | 0.5900 | 0.6500 |
Complex-Level Eligible Asset Breakpoint Level* | Effective Complex‑Level Fee Rate at Breakpoint Level | |||
$55 billion |
0.2000 | % | ||
$56 billion |
0.1996 | |||
$57 billion |
0.1989 | |||
$60 billion |
0.1961 | |||
$63 billion |
0.1931 | |||
$66 billion |
0.1900 | |||
$71 billion |
0.1851 | |||
$76 billion |
0.1806 | |||
$80 billion |
0.1773 | |||
$91 billion |
0.1691 | |||
$125 billion |
0.1599 | |||
$200 billion |
0.1505 | |||
$250 billion |
0.1469 | |||
$300 billion |
0.1445 |
* | For the complex-level fees, managed assets include closed-end fund assets managed by the Adviser that are attributable to certain types of leverage. For these purposes, leverage includes the funds’ use of preferred stock and borrowings and certain investments in the residual interest certificates (also called inverse floating rate securities) in tender option bond (TOB) trusts, including the portion of assets held by a TOB trust that has been effectively financed by the trust’s issuance of floating rate securities, subject to an agreement by the Adviser as to certain funds to limit the amount of such assets for determining managed assets in certain circumstances. The complex-level fee is calculated based upon the aggregate daily managed assets of all Nuveen open-end and closed-end funds that constitute “eligible assets.” Eligible assets do not include assets attributable to investments in other Nuveen funds or assets in excess of a determined amount (originally $2 billion) added to the Nuveen fund complex in connection with the Adviser’s assumption of the management of the former First American Funds effective January 1, 2011, but do not include certain assets of certain Nuveen funds that were reorganized into funds advised by an affiliate of the Adviser during the 2019 calendar year. As of December 31, 2022, the complex-level fee for each Fund was 0.1590%. |
Cross-Trades | DIAX | SPXX | QQQX | JCE | ||||||||||||
Purchases |
$ | — | $ | 5,123,979 | $ | 28,727,398 | $ | 11,888,018 | ||||||||
Sales |
3,112,821 | 5,858,785 | 12,808,549 | 16,741,218 | ||||||||||||
Realized gain(loss) |
1,726,248 | 1,018,916 | 2,092,701 | (366,622 | ) |
• | The Fund may invest no more than 10% of its Managed Assets in short-term, high quality fixed-income securities. |
• | The Fund may invest up to 20% of its Managed Assets in securities of non‑U.S. issuers that are U.S. dollar denominated, which may include securities of issuers located, or conducting their business, in emerging market countries. |
• | As a fundamental policy, the Fund may not invest more than 25% of its total assets in securities of issuers in any one industry, except that if 25% or more of the securities in the DIJA are issued by companies in one industry, the Fund would concentrate in that industry unless the Fund would need to avoid concentration in order to implement its investment strategy as it relates to avoiding the adverse tax treatment associated with straddle positions (Industry Concentration Policy). |
• | The Fund may invest no more than 10% of its Managed Assets in short-term, high quality fixed-income securities. |
• | The Fund may invest up to 20% of its Managed Assets in securities of non‑U.S. issuers that are U.S. dollar denominated, which may include securities of issuers located, or conducting their business, in emerging market countries. |
• | As a fundamental policy, the Fund may not invest more than 25% of its total assets in securities of issuers in any one industry, except that if 25% or more of the securities in the S&P 500 Index are issued by companies in one industry, the Fund would concentrate in that industry unless the Fund would need to avoid concentration in order to implement its investment strategy as it relates to avoiding the adverse tax treatment associated with straddle positions (Industry Concentration Policy). |
• | The Fund may invest no more than 10% of its Managed Assets in short-term, high quality fixed-income securities. |
• | The Fund may invest up to 20% of its Managed Assets in securities of non‑U.S. issuers that are U.S. dollar denominated, which may include securities of issuers located, or conducting their business, in emerging market countries. |
• | As a fundamental policy, the Fund may not invest more than 25% of its total assets in securities of issuers in any one industry, except that if 25% or more of the securities in the Nasdaq 100 Index are issued by companies in one industry, the Fund would concentrate in that industry unless the Fund would need to avoid concentration in order to implement its investment strategy as it relates to avoiding the adverse tax treatment associated with straddle positions (Industry Concentration Policy). |
• | The Fund may invest no more than 10% of its Managed Assets in short-term, high quality fixed-income securities. |
• | The Fund may invest up to 20% of its Managed Assets in securities of non‑U.S. issuers that are U.S. dollar denominated, which may include securities of issuers located, or conducting their business, in emerging market countries. |
• | The notional value of the call options written by the Fund under its Options Strategy may be up to 50% of the value of the Fund’s Managed Assets. |
• | The Fund intends to limit the overlap between the stocks held in the Equity Portfolio and the stocks underlying the Fund’s call options to less than 70% (generally based on the value of such components). |
• | The Fund may invest up to 10% of is Managed Assets in securities of other open- or closed‑end investment companies (including ETFs) that invest primarily in securities of the types in which the Fund may invest directly. In addition, the Fund may invest a portion of its Managed Assets in pooled investment vehicles (other than investment companies) that invest primarily in securities of the types in which the Fund may invest directly. |
Risk | Nuveen S&P 500 Buy‑Write Income Fund (BXMX) |
Nuveen Dow 30SM Dynamic Overwrite Fund (DIAX) |
Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) |
Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) |
Nuveen Core Equity Alpha Fund (JCE) | |||||
Portfolio Level Risks | ||||||||||
Call Option Risk |
X | X | X | X | X | |||||
Call Spreads Risk |
X | X | X | X | — | |||||
Common Stock Risk |
X | X | X | X | X | |||||
Counterparty Risk |
X | X | X | X | X | |||||
Deflation Risk |
X | X | X | X | X | |||||
Derivatives Risk |
X | X | X | X | X | |||||
Dividend Income Risk |
X | X | X | X | X | |||||
Frequent Trading Risk |
— | — | — | — | X | |||||
Hedging Risk |
X | X | X | X | X | |||||
Illiquid Investments Risk |
X | X | X | X | — | |||||
Inflation Risk |
X | X | X | X | X | |||||
Information Technology Sector Risk |
X | — | X | — | — | |||||
Large‑Cap Company Risk |
X | X | X | X | X | |||||
Non‑U.S. Securities Risk |
X | X | X | X | — | |||||
Option Strategy Risk |
X | X | X | X | X | |||||
Other Investment Companies Risk |
X | X | X | X | X | |||||
Put Option Risk |
X | X | X | X | — | |||||
Quantitative Analysis Risk |
— | — | — | — | X | |||||
Swap Transactions Risk |
X | X | X | X | X | |||||
Technology Company Investment Risk |
— | — | — | X | — | |||||
Valuation Risk |
X | X | X | X | X | |||||
Fund Level and Other Risks | ||||||||||
Anti-Takeover Provisions |
X | X | X | X | X | |||||
Borrowing Risk |
X | X | X | X | X | |||||
Cybersecurity Risk |
X | X | X | X | X | |||||
Global Economic Risk |
X | X | X | X | X | |||||
Investment and Market Risk |
X | X | X | X | X | |||||
Legislation and Regulatory Risk |
X | X | X | X | X | |||||
Market Discount from Net Asset Value |
X | X | X | X | X | |||||
Non‑Diversified Status Risk |
— | X | — | X | — | |||||
Not an Index Fund |
X | X | X | X | — | |||||
Recent Market Conditions |
X | X | X | X | X | |||||
Tax Risk |
X | X | X | X | X |
Shareholder Transaction Expenses | Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) |
Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) |
||||||
Maximum Sales Charge ( |
4.00% | (1) | (1) | |||||
Dividend Reinvestment Plan Fees (2) |
$ | 2.50 | $ |
(1) | |
(2) | |
As a Percentage of Net Assets Attributable to Common Shares (1) |
||||||||
Annual Expenses | Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) |
Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) |
||||||
Management Fees |
0.82% | |||||||
Other Expenses (2) |
0.10% | |||||||
Total Annual Expenses |
0.92% |
(1) | |
(2) | |
Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) |
Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) |
|||||||
1 Year |
$ | 19 | $ | |||||
3 Years |
$ | 39 | $ | |||||
5 Years |
$ | 60 | $ | |||||
10 Years |
$ | 122 | $ |
Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) |
Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) |
|||||||
1 Year |
$ | 49 | $ | |||||
3 Years |
$ | 68 | $ | |||||
5 Years |
$ | 89 | $ | |||||
10 Years |
$ | 149 | $ |
Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) |
Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) |
|||||||
1 Year |
$ | 9 | $ | |||||
3 Years |
$ | 29 | $ | |||||
5 Years |
$ | 51 | $ | |||||
10 Years |
$ | 113 | $ |
Market Price | NAV | Premium / (Discount) to NAV |
||||||||||||||||||||||
Fiscal Quarter End | High | Low | High | Low | High | Low | ||||||||||||||||||
December 2022 |
$ | 17.87 | $ | 15.01 | $ | 15.63 | $ | 14.04 | 16.12 | % | 6.91 | % | ||||||||||||
September 2022 |
$ | 16.78 | $ | 15.01 | $ | 16.68 | $ | 14.04 | 7.85 | % | (0.97 | )% | ||||||||||||
June 2022 |
$ | 18.18 | $ | 14.87 | $ | 18.18 | $ | 14.91 | 3.06 | % | (5.42 | )% | ||||||||||||
March 2022 |
$ | 18.82 | $ | 16.48 | $ | 18.82 | $ | 16.80 | 0.95 | % | (4.30 | )% | ||||||||||||
December 2021 |
$ | 18.60 | $ | 16.98 | $ | 18.81 | $ | 17.51 | (0.53 | )% | (4.30 | )% | ||||||||||||
September 2021 |
$ | 18.42 | $ | 17.08 | $ | 18.36 | $ | 17.47 | 3.50 | % | (3.61 | )% | ||||||||||||
June 2021 |
$ | 19.07 | $ | 16.57 | $ | 17.80 | $ | 17.04 | 8.72 | % | (3.42 | )% | ||||||||||||
March 2021 |
$ | 16.53 | $ | 14.84 | $ | 17.03 | $ | 16.00 | (2.36 | )% | (8.38 | )% |
Market Price | NAV | Premium / (Discount) to NAV |
||||||||||||||||||||||
Fiscal Quarter End | High | Low | High | Low | High | Low | ||||||||||||||||||
December 2022 |
$ | $ | $ | $ | % | % | ||||||||||||||||||
September 2022 |
$ | $ | $ | $ | % | % | ||||||||||||||||||
June 2022 |
$ | $ | $ | $ | % | ( |
)% | |||||||||||||||||
March 2022 |
$ | $ | $ | $ | % | ( |
)% | |||||||||||||||||
December 2021 |
$ | $ | $ | $ | % | % | ||||||||||||||||||
September 2021 |
$ | $ | $ | $ | % | ( |
)% | |||||||||||||||||
June 2021 |
$ | $ | $ | $ | % | ( |
)% | |||||||||||||||||
March 2021 |
$ | $ | $ | $ | % | ( |
)% |
December 31, 2022 | Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) |
Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) |
||||||
NAV per Common Share |
$ | 14.80 | $ | |||||
Market Price |
$ | 16.12 | $ | |||||
Percentage of Premium/(Discount) to NAV per Common Share |
8.92% | |||||||
Net Assets Attributable to Common Shares |
$ | 265,760,349 | $ | 949,717,732 |
Fund | Net Long‑Term Capital Gains |
|||
BXMX |
$ | 61,400,545 | ||
DIAX |
22,929,386 | |||
SPXX |
18,532,859 | |||
QQQX |
75,075,334 | |||
JCE |
4,996,444 |
Fund | Percentage | |||
BXMX |
55.8 | % | ||
DIAX |
72.0 | |||
SPXX |
100.0 | |||
QQQX |
52.5 | |||
JCE |
12.6 |
Fund | Percentage | |||
BXMX |
57.6 | % | ||
DIAX |
72.0 | |||
SPXX |
100.0 | |||
QQQX |
53.0 | |||
JCE |
13.5 |
Fund | 1/1 to Current Year End Percentage |
|||
BXMX |
1.1 | % | ||
DIAX |
0.1 | |||
SPXX |
0.1 | |||
QQQX |
1.2 | |||
JCE |
0.1 |
Fund | Percentage | |||
BXMX |
1.8 | % | ||
DIAX |
— | |||
SPXX |
— | |||
QQQX |
— | |||
JCE |
— |
Fund | Percentage | |||
BXMX |
0.3 | % | ||
DIAX |
— | |||
SPXX |
0.1 | |||
QQQX |
— | |||
JCE |
— |
Board of Trustees | ||||||||||
Jack B. Evans | William C. Hunter | Amy B. R. Lancellotta | Joanne T. Medero | Albin F. Moschner | John K. Nelson | |||||
Judith M. Stockdale* | Carole E. Stone* | Matthew Thornton III | Terence J. Toth | Margaret L. Wolff | Robert L. Young |
* | Retired from the Fund’s Board of Trustees effective December 31, 2022. |
Investment Adviser Nuveen Fund Advisors, LLC 333 West Wacker Drive Chicago, IL 60606 |
Custodian State Street Bank & Trust Company One Lincoln Street Boston, MA 02111 |
Legal Counsel Chapman and Cutler LLP Chicago, IL 60603 |
Independent Registered Public Accounting Firm PricewaterhouseCoopers LLP One North Wacker Drive Chicago, IL 60606 |
Transfer Agent and Shareholder Services Computershare Trust Company, N.A. 150 Royall Street Canton, MA 02021 (800) 257-8787 |
BXMX | DIAX | SPXX | QQQX | JCE | ||||||||||||||||
Common Shares repurchased |
0 | 0 | 0 | 0 | 0 |
∎ | 19(a) Notice: Section 19(a) of the Investment Company Act of 1940 requires that the payment of any distribution which is made from a source other than the fund’s net income be accompanied by a written notice that discloses the estimated sources of such payment. |
∎ | Average Annual Total Return: This is a commonly used method to express an investment’s performance over a particular, usually multi-year time period. It expresses the return that would have been necessary each year to equal the investment’s actual cumulative performance (including change in NAV or market price and reinvested dividends and capital gains distributions, if any) overthe time period being considered. |
∎ | Chicago Board Options Exchange (Cboe) Dow Jones Industrial Average (DJIA) BuyWrite Index (BXDSM): An index designed to measure the performance of a hypothetical buy-write strategy on the Dow Jones Industrial Average. Index returns assume reinvestment of distributions, but do not reflect any applicable sales charges or management fees. |
∎ | Chicago Board Options Exchange (Cboe) Nasdaq 100 BuyWrite Index (BXNSM): An index designed to measure the performance of a hypothetical buy-write strategy on the Nasdaq 100® Index. Index returns assume reinvestment of distributions, but do not reflect any applicable sales charges or management fees. |
∎ | Chicago Board Options Exchange (Cboe) S&P 500® BuyWrite Index (BXMSM): An index designed to measure the performance of a hypothetical buy-write strategy on the S&P 500® Index. Index returns assume reinvestment of distributions, but do not reflect any applicable sales charges or management fees. |
∎ | DIAX Blended Benchmark: Consists of: 1) 55% Chicago Board Options Exchange (Cboe) DJIA BuyWrite Index (BXDSM) (defined herein), and 2) 45% Dow Jones Industrial Average Index (DJIA) (defined herein). Index returns assume reinvestment of distributions, but do not reflect any applicable sales charges or management fees. |
∎ | Dow Jones Industrial Average Index (DJIA): An index designed to measure the performance of 30 actively traded U.S. large cap stocks. Index returns assume reinvestment of distributions, but do not reflect any applicable sales charges or management fees. |
∎ | Gross Domestic Product (GDP): The total market value of all final goods and services produced in a country/region in a given year, equal to total consumer, investment and government spending, plus the value of exports, minus the value of imports. |
∎ | JCE Blended Benchmark: Consists of: 1) 50% S&P 500® Index (defined herein), and 2) 50% Chicago Board Options Exchange (Cboe) S&P 500® Buywrite Index (BXMSM) (defined herein). Index returns assume reinvestment of distributions, but do not reflect any applicable sales charges or management fees. |
∎ | Nasdaq 100® Index: An index that includes 100 of the largest domestic and international non‑financial equity securities listed on the Nasdaq Stock Market based on market capitalization. Index returns assume reinvestment of distributions, but do not reflect any applicable sales charges or management fees. |
∎ | Net Asset Value (NAV) Per Share: A fund’s Net Assets is equal to its total assets (securities, cash, accrued earnings and receivables) less its total liabilities. NAV per share is equal to the fund’s Net Assets divided by its number of shares outstanding. |
∎ | QQQX Blended Benchmark: Consists of: 1) 55% Chicago Board Options Exchange (Cboe) Nasdaq 100 BuyWrite Index (BXNSM) (defined herein), and 2) 45% Nasdaq 100® Index (defined herein). Index returns assume reinvestment of distributions, but do not reflect any applicable sales charges or management fees. |
∎ | S&P 500® Index: An index generally considered representative of the U.S. equity market. The index includes 500 leading companies and covers approximately 80% of available market capitalization. Index returns assume reinvestment of distributions, but do not reflect any applicable sales charges or management fees. |
∎ | SPXX Blended Benchmark: Consists of: 1) 55% Chicago Board Options Exchange (Cboe) S&P 500® BuyWrite Index (BXMSM) (defined herein), and 2) 45% S&P 500® Index (defined herein). Index returns assume reinvestment of distributions, but do not reflect any applicable sales charges or management fees. |
Name, Year of Birth & Address |
Position(s) Held with the Funds |
Year First Elected or Appointed and Term(1) |
Principal Occupation(s) Including other Directorships During Past 5 Years |
Number of Portfolios in Fund Complex Overseen by Board Member | ||||
Independent Board Members: | ||||||||
∎ TERENCE J. TOTH |
Formerly, a Co‑Founding Partner, Promus Capital (investment advisory firm) (2008-2017); formerly, Director, Quality Control Corporation (manufacturing) (since 2012-2021); Chair of the Board of the Kehrein Center for the Arts (philanthropy) (since 2021); member: Catalyst Schools of Chicago Board (since 2008) and Mather Foundation Board (philanthropy) (since 2012), and chair of its Investment Committee; formerly, Member, Chicago Fellowship Board (philanthropy) (2005-2016); formerly, Director, Fulcrum IT Services LLC (information technology services firm to government entities) (2010-2019); formerly, Director, LogicMark LLC (health services) (2012-2016); formerly, Director, Legal & General Investment Management America, Inc. (asset management) (2008-2013); formerly, CEO and President, Northern Trust Global Investments (financial services) (2004-2007): Executive Vice President, Quantitative Management & Securities Lending (2000-2004); prior thereto, various positions with Northern Trust Company (financial services) (since 1994); formerly, Member, Northern Trust Mutual Funds Board (2005-2007), Northern Trust Global Investments Board (2004-2007), Northern Trust Japan Board (2004-2007), Northern Trust Securities Inc. Board (2003-2007) and Northern Trust Hong Kong Board (1997-2004). | |||||||
1959 333 W. Wacker Drive Chicago, IL 60606 |
Chair and Board Member | 2008 Class II |
142 | |||||
∎ JACK B. EVANS |
Chairman (since 2019), formerly, President (1996-2019), The Hall-Perrine Foundation, (private philanthropic corporation); Life Trustee of Coe College; formerly, Member and President Pro‑Tern of the Board of Regents for the State of Iowa University System (2007- 2013); Director and Chairman (2009-2021), United Fire Group, a publicly held company; Director, Public Member, American Board of Orthopaedic Surgery (2015-2020); Director (2000-2004), Alliant Energy; Director (1996-2015), The Gazette Company (media and publishing); Director (1997- 2003), Federal Reserve Bank of Chicago; President and Chief Operating Officer (1972-1995), SCI Financial Group, Inc., (regional financial services firm). | |||||||
1948 333 W. Wacker Drive Chicago, IL 60606 |
Board Member |
1999 Class III |
142 | |||||
∎ WILLIAM C. HUNTER |
Dean Emeritus, formerly, Dean, Tippie College of Business, University of (2006-2012); Director of Well mark, Inc. (since 2009); past Director (2005-2015), and past President (2010-2014) Beta Gamma Sigma, Inc., The International Business Honor Society; formerly, Director (2004-2018) of Xerox Corporation; formerly, Dean and Distinguished Professor of Finance, School of Business at the University of Connecticut (2003-2006); previously, Senior Vice President and Director of Research at the Federal Reserve Bank of Chicago (1995-2003); formerly, Director (1997-2007), Credit Research Center at Georgetown University. | |||||||
1948 333 W. Wacker Drive Chicago, IL 60606 |
Board Member |
2003 Class I |
142 | |||||
∎ AMY B. R. LANCELLOTTA |
Formerly, Managing Director, Independent Directors Council (IDC) (supports the fund independent director community and is part of the Investment Company Institute (ICI), which represents regulated investment companies) (2006-2019); formerly, various positions with ICI (1989-2006); Member of the Board of Directors, Jewish Coalition Against Domestic Abuse (UCADA) (since 2020). | |||||||
1959 333 W. Wacker Drive Chicago, IL 60606 |
Board Member |
2021 Class II |
142 | |||||
Name, Year of Birth & Address |
Position(s) Held with the Funds |
Year First Elected or Appointed and Term(1) |
Principal Occupation(s) Including other Directorships During Past 5 Years |
Number of Portfolios in Fund Complex Overseen by Board Member | ||||
Independent Board Members (continued): | ||||||||
∎ JOANNE T. MEDERO |
Formerly, Managing Director, Government Relations and Public Policy (2009-2020) and Senior Advisor to the Vice Chairman (2018-2020), BlackRock, Inc. (global investment management firm); formerly, Managing (Director, Global Head of Government Relations and Public Policy, Barclays Group (IBIM) (investment banking, investment management and wealth management businesses) (2006-2009); formerly, Managing Director, Global General Counsel and Corporate Secretary, Barclays Global Investors (global investment management firm) (1996-2006); formerly, Partner, Orrick, Herrington & Sutcliffe LLP (law firm) (1993-1995); formerly, General Counsel, Commodity Futures Trading Commission (government agency overseeing U.S. derivatives markets) (1989-1993); formerly, Deputy Associate Director/Associate Director for Legal and Financial Affairs, Office of Presidential Personnel, The White House (1986-1989); Member of the Board of Directors, Baltic-American Freedom Foundation (seeks to provide opportunities for citizens of the Baltic states to gain education and professional development through exchanges in the U.S.) (since 2019). | |||||||
1954 333 W. Wacker Drive Chicago, IL 60606 |
Board Member |
2021 Class III |
142 | |||||
∎ ALBIN F. MOSCHNER |
Founder and Chief Executive Officer, Northcroft Partners, LLC, (management consulting) (since 2012); formerly, Chairman (2019), and Director (2012-2019), USA Technologies, Inc., (provider of solutions and services to facilitate electronic payment transactions); formerly, Director, Wintrust Financial Corporation (1996-2016); previously, held positions at Leap Wireless International, Inc., (consumer wireless services) including Consultant (2011- 2012), Chief Operating Officer (2008-2011), and Chief Marketing Officer (2004- 2008); formerly, President, Verizon Card Services division of Verizon Communications, Inc. (2000-2003); formerly, President, One Point Services at One Point Communications (telecommunication services) (1999-2000); formerly, Vice Chairman of the Board, Diba, Incorporated (internet technology provider) (1996-1997); formerly, various executive positions (1991-1996) including Chief Executive Officer (1995-1996) of Zenith Electronics Corporation (consumer electronics). | |||||||
1952 333 W. Wacker Drive Chicago, IL 60606 |
Board Member |
2016 Class III |
142 | |||||
∎ JOHN K. NELSON |
Member of Board of Directors of Core12 LLC. (private firm which develops branding, marketing and communications strategies for clients) (since 2008); served on The President’s Council of Fordham University (2010-2019) and previously a Director of the Curran Center for Catholic American Studies (2009- 2018); formerly, senior external advisor to the Financial Services practice of Deloitte Consulting LLP. (2012-2014); former Chair of the Board of Trustees of Marian University (2010-2014 as trustee, 2011-2014 as Chair); formerly Chief Executive Officer of ABN AMRO Bank N.V., North America, and Global Head of the Financial Markets Division (2007-2008), with various executive leadership roles in ABN AMRO Bank N.V. between 1996 and 2007. | |||||||
1962 333 W. Wacker Drive Chicago, IL 60606 |
Board Member |
2013 Class II |
142 | |||||
Name, Year of Birth & Address |
Position(s) Held with the Funds |
Year First Elected or Appointed and Term(1) |
Principal Occupation(s) Including other Directorships During Past 5 Years |
Number of Portfolios in Fund Complex Overseen by Board Member | ||||
Independent Board Members (continued): | ||||||||
∎ MATTHEW THORNTON III |
Formerly, Executive Vice President and Chief Operating Officer (2018-2019), Fed Ex Freight Corporation, a subsidiary of FedEx Corporation (“FedEx”) (provider of transportation, e‑commerce and business services through its portfolio of companies); formerly, Senior Vice President, U.S. Operations (2006-2018), Federal Express Corporation, a subsidiary of FedEx; formerly, Member of the Board of Directors (2012-2018), Safe Kids Worldwide® (a non‑profit organization dedicated to preventing childhood injuries). Member of the Board of Directors (since 2014), The Sherwin-Williams Company (develops, manufactures, distributes and sells paints, coatings and related products); Director (since 2020), Crown Castle International (provider of communications infrastructure). | |||||||
1958 333 W. Wacker Drive Chicago, IL 60606 |
Board Member |
2020 Class III |
142 | |||||
∎ MARGARET L. WOLFF |
Formerly, member of the Board of Directors (2013-2017) of Travelers Insurance Company of Canada and The Dominion of Canada General Insurance Company (each, a part of Travelers Canada, the Canadian operation of The Travelers Companies, Inc.); formerly, Of Counsel, Skadden, Arps, Slate, Meagher & Flom LLP (Mergers & Acquisitions Group) (legal services) (2005-2014); Member of the Board of Trustees of New York-Presbyterian Hospital (since 2005); Member (since 2004), formerly, Chair (2015-2022) of the Board of Trustees of The John A. Hartford Foundation (philanthropy dedicated to improving the care of older adults); formerly, Member (2005-2015) and Vice Chair (2011-2015) of the Board of Trustees of Mt. Holyoke College. | |||||||
1955 333 W. Wacker Drive Chicago, IL 60606 |
Board Member |
2016 Class I |
142 | |||||
∎ ROBERT L. YOUNG |
Formerly, Chief Operating Officer and Director, J.P.Morgan Investment Management Inc. (financial services) (2010-2016); formerly, President and Principal Executive Officer (2013-2016), and Senior Vice President and Chief Operating Officer (2005-2010), of J.P.Morgan Funds; formerly, Director and various officer positions for J.P.Morgan Investment Management Inc. (formerly, JPMorgan Funds Management, Inc. and formerly, One Group Administrative Services) and JPMorgan Distribution Services, Inc. (financial services) (formerly, One Group Dealer Services, Inc.) (1999-2017). | |||||||
1963 333 W. Wacker Drive Chicago, IL 60606 |
Board Member |
2017 Class II |
142 | |||||
Name, Year of Birth & Address |
Position(s) Held with the Funds |
Year First Elected or Appointed(2) |
Principal Occupation(s) During Past 5 Years | |||
Officers of the Funds: | ||||||
∎ DAVID J. LAMB |
Managing Director of Nuveen Fund Advisors, LLC (since 2019) Senior Managing Director (since 2021), formerly, Managing Director (2020-2021) of Nuveen Securities, LLC; Senior Managing Director (since 2021), formerly, Managing Director (2017-2021), Senior Vice President of Nuveen (2006-2017). | |||||
1963 333 W. Wacker Drive Chicago, IL 60606 |
Chief Administrative Officer |
2015 | ||||
∎ BRETT E. BLACK |
Enterprise Senior Compliance Officer of Nuveen (since 2022); formerly, Vice President (2014-2022), Chief Compliance Officer (2017-2022), Deputy Chief Compliance Officer (2014-2017) of BMO Funds, Inc. | |||||
1972 333 W. Wacker Drive Chicago, IL 60606 |
Vice President and Chief Compliance Officer | 2022 |
Name, Year of Birth & Address |
Position(s) Held with the Funds |
Year First Elected or Appointed(2) |
Principal Occupation(s) During Past 5 Years | |||
Officers of the Funds (continued): | ||||||
∎ MARK J. CZARNIECKI |
Vice President and Assistant Secretary of Nuveen Securities, LLC (since 2016); Managing Director (since 2022), formerly, Vice President (2017-2022) and Assistant Secretary (since 2017) of Nuveen Fund Advisors, LLC; Managing Director and Associate General Counsel (since January 2022), formerly, Vice President and Associate General Counsel of Nuveen (2013-2021); Managing Director (since 2022), formerly, Vice President (2018-2022), Assistant Secretary and Associate General Counsel (since 2018) of Nuveen Asset Management LLC. | |||||
1979 901 Marquette Avenue Minneapolis, MN 55402 |
Vice President and Assistant Secretary | 2013 | ||||
∎ DIANA R. GONZALEZ |
Vice President and Assistant Secretary of Nuveen Fund Advisors, LLC (since 2017); Vice President, Associate General Counsel and Assistant Secretary of Nuveen Asset Management, LLC (since 2022); Vice President and Associate General Counsel of Nuveen (since 2017); formerly, Associate General Counsel of Jackson National Asset Management (2012-2017). | |||||
1978 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 |
Vice President and Assistant Secretary | 2017 | ||||
∎ NATHANIEL T. JONES |
Senior Managing Director (since 2021), formerly, Managing Director (2017-2021), Senior Vice President (2016-2017), of Nuveen; Managing Director (since 2015) of Nuveen Fund Advisors, LLC; Chartered Financial Analyst. | |||||
1979 333 W. Wacker Drive Chicago, IL 60606 |
Vice President and Treasurer | 2016 | ||||
∎ TINA M. LAZAR |
Managing Director (since 2017), formerly, Senior Vice President (2014-2017) of Nuveen Securities, LLC. | |||||
1961 333 W. Wacker Drive Chicago, IL 60606 |
Vice President |
2002 | ||||
∎ BRIAN J. LOCKHART |
Managing Director (since 2019) of Nuveen Fund Advisors, LLC; Senior Managing Director (since 2021), formerly, Managing Director (2017-2021), Vice President (2010-2017) of Nuveen; Head of Investment Oversight (since 2017), formerly, Team Leader of Manager Oversight (2015-2017); Chartered Financial Analyst and Certified Financial Risk Manager. | |||||
1974 333 W. Wacker Drive Chicago, IL 60606 |
Vice President |
2019 | ||||
∎ JOHN M. MCCANN |
Managing Director and Assistant Secretary of Nuveen Fund Advisors, LLC (since 2021); Managing Director, Associate General Counsel and Assistant Secretary of Nuveen Asset Management, LLC (since 2021); Managing Director (since 2021) and Assistant Secretary (since 2016) of TIAA SMA Strategies LLC; Managing Director (since 2019, formerly, Vice President and Director), Associate General Counsel and Assistant Secretary of College Retirement Equities Fund, TIAA Separate Account VA‑1, TIAA-CREF Funds and TIAA-CREF Life Funds; Managing Director (since 2018), formerly, Vice President and Director, Associate General Counsel and Assistant Secretary of Teachers Insurance and Annuity Association of America, Teacher Advisors LLC and TIAA-CREF Investment Management, LLC; Vice President (since 2017), Associate General Counsel and Assistant Secretary (since 2011) of Nuveen Alternative Advisors LLC; General Counsel and Assistant Secretary of Covariance Capital Management, Inc. (2014-2017). | |||||
1975 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 |
Vice President and Assistant Secretary | 2022 | ||||
∎ KEVIN J. MCCARTHY |
Senior Managing Director (since 2017) and Secretary and General Counsel (since 2016) of Nuveen Investments, Inc., formerly, Executive Vice President (2016-2017); Senior Managing Director (since 2017) and Assistant Secretary (since 2008) of Nuveen Securities, LLC, formerly, Executive Vice President (2016-2017); Senior Managing Director (since 2017) and Secretary (since 2016) of Nuveen Fund Advisors, LLC, formerly, Co‑General Counsel (2011-2020), Executive Vice President (2016-2017); Senior Managing Director (since 2017) and Secretary (since 2016) of Nuveen Asset Management, LLC, formerly, Associate General Counsel (2011-2020), Executive Vice President (2016-2017); formerly, Vice President (2007-2021) and Secretary (2016-2021) of NWQ Investment Management Company, LLC and Santa Barbara Asset Management, LLC; Vice President and Secretary of Winslow Capital Management, LLC (since 2010); Senior Managing Director (since 2017) and Secretary (since 2016) of Nuveen Alternative Investments, LLC. | |||||
1966 333 W. Wacker Drive Chicago, IL 60606 |
Vice President and Assistant Secretary | 2007 | ||||
Name, Year of Birth & Address |
Position(s) Held with the Funds |
Year First Elected or Appointed(2) |
Principal Occupation(s) During Past 5 Years | |||
Officers of the Funds (continued): | ||||||
∎ JON SCOTT MEISSNER |
Managing Director of Mutual Fund Tax and Financial Reporting groups at Nuveen (since 2017); Managing Director of Nuveen Fund Advisors, LLC (since 2019); Senior Director of Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC (since 2016); Senior Director (since 2015) Mutual Fund Taxation to the TIAA-CREF Funds, the TIAA-CREF Life Funds, the TIAA Separate Account VA‑1 and the CREF Accounts; has held various positions with TIAA since 2004. | |||||
1973 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 |
Vice President and Assistant Secretary | 2019 | ||||
∎ DEANN D. MORGAN |
President, Nuveen Fund Advisors, LLC (since 2020); Executive Vice President, Global Head of Product at Nuveen (since 2019); Co‑Chief Executive Officer of Nuveen Securities, LLC since 2020); Managing Member of MDR Collaboratory LLC (since 2018); formerly, Managing Director, (Head of Wealth Management Product Structuring & COO Multi Asset Investing. The Blackstone Group (2013-2017). | |||||
1969 730 Third Avenue New York, NY 10017 |
Vice President |
2020 | ||||
∎ WILLIAM A. SIFFERMANN |
Managing Director (since 2017), formerly Senior Vice President (2016-2017) of Nuveen. | |||||
1975 333 W. Wacker Drive Chicago, IL 60606 |
Vice President |
2017 | ||||
∎ TREY S. STENERSEN |
Senior Managing Director of Teacher Advisors LLC and TIAACREF Investment Management, LLC (since 2018); Senior Managing Director (since 2019) and Chief Risk Officer (since 2022), formerly Head of Investment Risk Management (2017-2022) of Nuveen; Senior Managing Director (since 2018) of Nuveen Alternative Advisors LLC. | |||||
1965 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 |
Vice President |
2022 | ||||
∎ E. SCOTT WICKERHAM |
Senior Managing Director, Head of Public Investment Finance at Nuveen (since 2019), formerly, Managing Director; Senior Managing Director (since 2019) of Nuveen Fund Advisers, (LLC; Principal Financial Officer, Principal Accounting Officer and Treasurer (since 2017) of the TIAA CREF Funds, the TIAA-CREF Life Funds, the TIAA Separate Account VA‑1 and Principal Financial Financial Officer, Principal Accounting Officer (since 2020) and Treasurer (since 2017) to the CREF Accounts; has held various positions with TIAA since 2006. | |||||
1973 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 |
Vice President and Controller | 2019 | ||||
∎ MARK L. WINGET |
Vice President and Assistant Secretary of Nuveen Securities, LLC (since 2008), and Nuveen Fund Advisors, LLC (since 2019); Vice President, Associate General Counsel and Assistant Secretary of Nuveen Asset Management, LLC (since 2020); Vice President (since 2010) and Associate General Counsel (since 2019), of Nuveen. | |||||
1968 333 W. Wacker Drive Chicago, IL 60606 |
Vice President and Secretary | 2008 | ||||
∎ GIFFORD R. ZIMMERMAN |
Managing Director and Assistant Secretary of Nuveen Securities, LLC (since 2022); Managing Director, Assistant Secretary and General Counsel (since 2022), formerly, Co‑General Counsel (2011-2020) of Nuveen Fund Advisors, LLC; formerly, Managing Director (2004-2020) and Assistant Secretary (1994-2020) of Nuveen Investments, Inc.; Managing Director, Assistant Secretary and Associate General Counsel (since 2022) of Nuveen Asset Management, LLC; Vice President and Assistant Secretary (since 2022) of Winslow Capital Management, LLC: formerly, Vice President and Assistant Secretary of NWQ Investment Management Company, LLC (2002-2020) and Santa Barbara Asset Management, LLC (2006-2020); Chartered Financial Analyst. | |||||
1956 333 W. Wacker Drive Chicago, IL 60606 |
Vice President and Assistant Secretary | 1988 | ||||
∎ RACHAEL ZUFALL |
Managing Director (since 2017), Associate General Counsel and Assistant Secretary (since 2014) of the CREF Accounts, TIAA Separate Account VA‑1, TIAA-CREF Funds and TIAA-CREF Life Funds; Managing Director (since 2017), Associate General Counsel and Assistant Secretary (since 2011) of Teacher Advisors LLC and TIAA-CREF Investment Management, LLC; Managing Director of Nuveen, LLC and of TlAA (since 2017). | |||||
1973 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 |
Vice President and Assistant Secretary | 2022 |
(1) | The Board of Trustees is divided into three classes, Class I, Class II, and Class III, with each being elected to serve until the third succeeding annual shareholders’ meeting subsequent to its election or thereafter in each case when its respective successors are duly elected or appointed, except two board members are elected by the holders of Preferred Shares, when applicable, to serve until the next annual shareholders’ meeting subsequent to its election or thereafter in each case when its respective successors are duly elected or appointed. The year first elected or appointed represents the year in which the board member was first elected or appointed to any fund in the Nuveen complex. |
(2) | Officers serve indefinite terms until their successor has been duly elected and qualified, their death or their resignation or removal. The year first elected or appointed represents the year in which the Officer was first elected or appointed to any fund in the Nuveen complex. |
Nuveen Securities, LLC, member FINRA and SIPC | 333 West Wacker Drive Chicago, IL 60606 | www.nuveen.com | EAN-A-1222D 2703115-INV-Y-02/24 |
ITEM 2. CODE OF ETHICS.
As of the end of the period covered by this report, the registrant has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. There were no amendments to or waivers from the Code during the period covered by this report. The registrant has posted the code of ethics on its website at www.nuveen.com/fund-governance. (To view the code, click on Code of Conduct.)
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
As of the end of the period covered by this report, the registrant’s Board of Directors or Trustees (“Board”) determined that the registrant has at least one “audit committee financial expert” (as defined in Item 3 of Form N-CSR) serving on its Audit Committee. The registrant’s audit committee financial experts are Carole E. Stone, Jack B. Evans, Albin F. Moschner, John K. Nelson and Robert L. Young, who are “independent” for purposes of Item 3 of Form N-CSR.
Ms. Stone served for five years as Director of the New York State Division of the Budget. As part of her role as Director, Ms. Stone was actively involved in overseeing the development of the State’s operating, local assistance and capital budgets, its financial plan and related documents; overseeing the development of the State’s bond-related disclosure documents and certifying that they fairly presented the State’s financial position; reviewing audits of various State and local agencies and programs; and coordinating the State’s system of internal audit and control. Prior to serving as Director, Ms. Stone worked as a budget analyst/examiner with increasing levels of responsibility over a 30 year period, including approximately five years as Deputy Budget Director. Ms. Stone has also served as Chair of the New York State Racing Association Oversight Board, as Chair of the Public Authorities Control Board, as a Commissioner on the New York State Commission on Public Authority Reform and as a member of the Boards of Directors of several New York State public authorities. These positions have involved overseeing operations and finances of certain entities and assessing the adequacy of project/entity financing and financial reporting. Ms. Stone formerly served on the Board of Directors of CBOE Global Markets, Inc. (formerly, CBOE Holdings, Inc.), the Chicago Board Options Exchange, and the C2 Options Exchange. Ms. Stone’s position on the boards of these entities and as a member of both CBOE Holdings’ Audit Committee and its Finance Committee involved, among other things, the oversight of audits, audit plans and preparation of financial statements.
Mr. Evans was formerly President and Chief Operating Officer of SCI Financial Group, Inc., a full service registered broker-dealer and registered investment adviser (“SCI”). As part of his role as President and Chief Operating Officer, Mr. Evans actively supervised the Chief Financial Officer (the “CFO”) and actively supervised the CFO’s preparation of financial statements and other filings with various regulatory authorities. In such capacity, Mr. Evans was actively involved in the preparation of SCI’s financial statements and the resolution of issues raised in connection therewith. Mr. Evans has also served on the audit committee of various reporting companies. At such companies, Mr. Evans was involved in the oversight of audits, audit plans, and the preparation of financial statements. Mr. Evans also formerly chaired the audit committee of the Federal Reserve Bank of Chicago.
Mr. Moschner is a consultant in the wireless industry and, in July 2012, founded Northcroft Partners, LLC, a management consulting firm that provides operational, management and governance solutions. Prior to founding Northcroft Partners, LLC, Mr. Moschner held various positions at Leap Wireless International, Inc., a provider of wireless services, where he was as a consultant from February 2011 to July 2012, Chief Operating Officer from July 2008 to February 2011, and Chief Marketing Officer from August 2004 to June 2008. Before he joined Leap Wireless International, Inc., Mr. Moschner was President of the Verizon Card Services division of Verizon Communications, Inc. from 2000 to 2003, and President of One Point Services at One Point Communications from 1999 to 2000. Mr. Moschner also served at Zenith Electronics Corporation as Director, President and Chief Executive Officer from 1995 to 1996, and as Director, President and Chief Operating Officer from 1994 to 1995.
Mr. Nelson is on the Board of Directors of Core12, LLC. (since 2008), a private firm which develops branding, marketing, and communications strategies for clients. Mr. Nelson has extensive experience in global banking and markets, having served in several senior executive positions with ABN AMRO Holdings N.V. and its affiliated entities and predecessors, including LaSalle Bank Corporation from 1996 to 2008, ultimately serving as Chief Executive Officer of ABN AMRO N.V. North America. During his tenure at the bank, he also served as Global Head of its Financial Markets Division, which encompassed the bank’s Currency, Commodity, Fixed Income, Emerging Markets, and Derivatives businesses. He was a member of the Foreign Exchange Committee of the Federal Reserve Bank of the United States and during his tenure with ABN AMRO served as the bank’s representative on various committees of The Bank of Canada, European Central Bank, and The Bank of England. Mr. Nelson previously served as a senior, external advisor to the financial services practice of Deloitte Consulting LLP. (2012-2014).
Mr. Young has more than 30 years of experience in the investment management industry. From 1997 to 2017, he held various positions with J.P. Morgan Investment Management Inc. (“J.P. Morgan Investment”) and its affiliates (collectively, “J.P. Morgan”). Most recently, he served as Chief Operating Officer and Director of J.P. Morgan Investment (from 2010 to 2016) and as President and Principal Executive Officer of the J.P. Morgan Funds (from 2013 to 2016). As Chief Operating Officer of J.P. Morgan Investment, Mr. Young led service, administration and business platform support activities for J.P. Morgan’s domestic retail mutual fund and institutional commingled and separate account businesses, and co-led these activities for J.P. Morgan’s global retail and institutional investment management businesses. As President of the J.P. Morgan Funds, Mr. Young interacted with various service providers to these funds, facilitated the relationship between such funds and their boards, and was directly involved in establishing board agendas, addressing regulatory matters, and establishing policies and procedures. Before joining J.P. Morgan, Mr. Young, a former Certified Public Accountant (CPA), was a Senior Manager (Audit) with Deloitte & Touche LLP (formerly, Touche Ross LLP), where he was employed from 1985 to 1996. During his tenure there, he actively participated in creating, and ultimately led, the firm’s midwestern mutual fund practice.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
The following tables show the amount of fees that PricewaterhouseCoopers LLP, the Fund’s auditor, billed to the Fund during the Fund’s last two full fiscal years. For engagements with PricewaterhouseCoopers LLP the Audit Committee approved in advance all audit services and non-audit services that PricewaterhouseCoopers LLP provided to the Fund, except for those non-audit services that were subject to the pre-approval exception under Rule 2-01 of Regulation S-X (the “pre-approval exception”). The pre-approval exception for services provided directly to the Fund waives the pre-approval requirement for services other than audit, review or attest services if: (A) the aggregate amount of all such services provided constitutes no more than 5% of the total amount of revenues paid by the Fund to its accountant during the fiscal year in which the services are provided; (B) the Fund did not recognize the services as non-audit services at the time of the engagement; and (C) the services are promptly brought to the Audit Committee’s attention, and the Committee (or its delegate) approves the services before the audit is completed.
The Audit Committee has delegated certain pre-approval responsibilities to its Chair (or, in her absence, any other member of the Audit Committee).
SERVICES THAT THE FUND’S AUDITOR BILLED TO THE FUND
Fiscal Year Ended |
Audit Fees Billed to Fund 1 |
Audit-Related Fees Billed to Fund 2 |
Tax Fees Billed to Fund 3 |
All Other Fees Billed to Fund 4 |
||||||||||||
December 31, 2022 |
$ | 35,896 | $ | 5,000 | $ | 0 | $ | 0 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
|
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Percentage approved pursuant to pre-approval exception |
0 | % | 0 | % | 0 | % | 0 | % | ||||||||
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|
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|
|
|
|
|
|||||||||
|
||||||||||||||||
December 31, 2021 |
$ | 35,860 | $ | 0 | $ | 2,430 | $ | 0 | ||||||||
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|
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|
|
|
|
|||||||||
|
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Percentage approved pursuant to pre-approval exception |
0 | % | 0 | % | 0 | % | 0 | % | ||||||||
|
|
|
|
|
|
|
|
1 “Audit Fees” are the aggregate fees billed for professional services for the audit of the Fund’s annual financial statements and services provided in connection with statutory and regulatory filings or engagements.
2 “Audit Related Fees” are the aggregate fees billed for assurance and related services reasonably related to the performance of the audit or review of financial statements that are not reported under “Audit Fees”. These fees include offerings related to the Fund’s common shares and leverage.
3 “Tax Fees” are the aggregate fees billed for professional services for tax advice, tax compliance, and tax planning. These fees include: all global withholding tax services; excise and state tax reviews; capital gain, tax equalization and taxable basis calculation performed by the principal accountant.
4 “All Other Fees” are the aggregate fees billed for products and services other than “Audit Fees”, “Audit-Related Fees” and “Tax Fees”. These fees represent all “Agreed-Upon Procedures” engagements pertaining to the Fund’s use of leverage.
SERVICES THAT THE FUND’S AUDITOR BILLED TO THE
ADVISER AND AFFILIATED FUND SERVICE PROVIDERS
The following tables show the amount of fees billed by PricewaterhouseCoopers LLP to Nuveen Fund Advisors, LLC (formerly Nuveen Fund Advisors, Inc.) (the “Adviser”), and any entity controlling, controlled by or under common control with the Adviser that provides ongoing services to the Fund (“Affiliated Fund Service Provider”), for engagements directly related to the Fund’s operations and financial reporting, during the Fund’s last two full fiscal years.
The tables also show the percentage of fees subject to the pre-approval exception. The pre-approval exception for services provided to the Adviser and any Affiliated Fund Service Provider (other than audit, review or attest services) waives the pre-approval requirement if: (A) the aggregate amount of all such services provided constitutes no more than 5% of the total amount of revenues paid to PricewaterhouseCoopers LLP by the Fund, the Adviser and Affiliated Fund Service Providers during the fiscal year in which the services are provided that would have to be pre-approved by the Audit Committee; (B) the Fund did not recognize the services as non-audit services at the time of the engagement; and (C) the services are promptly brought to the Audit Committee’s attention, and the Committee (or its delegate) approves the services before the Fund’s audit is completed.
Fiscal Year Ended |
Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers |
Tax Fees Billed to Adviser and Affiliated Fund Service Providers |
All Other Fees Billed to Adviser and Affiliated Fund Service Providers |
|||||||||
December 31, 2022 |
$ | 0 | $ | 0 | $ | 0 | ||||||
|
|
|
|
|
|
|||||||
|
||||||||||||
Percentage approved pursuant to pre-approval exception |
0 | % | 0 | % | 0 | % | ||||||
|
|
|
|
|
|
|||||||
|
||||||||||||
December 31, 2021 |
$ | 0 | $ | 0 | $ | 0 | ||||||
|
|
|
|
|
|
|||||||
|
||||||||||||
Percentage approved pursuant to pre-approval exception |
0 | % | 0 | % | 0 | % | ||||||
|
|
|
|
|
|
NON-AUDIT SERVICES
The following table shows the amount of fees that PricewaterhouseCoopers LLP billed during the Fund’s last two full fiscal years for non-audit services. The Audit Committee is required to pre-approve non-audit services that PricewaterhouseCoopers LLP provides to the Adviser and any Affiliated Fund Services Provider, if the engagement related directly to the Fund’s operations and financial reporting (except for those subject to the pre-approval exception described above). The Audit Committee requested and received information from PricewaterhouseCoopers LLP about any non-audit services that PricewaterhouseCoopers LLP rendered during the Fund’s last fiscal year to the Adviser and any Affiliated Fund Service Provider. The Committee considered this information in evaluating PricewaterhouseCoopers LLP’s independence.
Fiscal Year Ended |
Total Non-Audit Fees Billed to Fund |
Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (engagements related directly to the operations and financial reporting of the Fund) |
Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (all other engagements) |
Total | ||||||||||||
December 31, 2022 |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||
December 31, 2021 |
$ | 2,430 | $ | 0 | $ | 0 | $ | 2,430 |
“Non-Audit Fees billed to Fund” for both fiscal year ends represent “Tax Fees” and “All Other Fees” billed to Fund in their respective amounts from the previous table.
Less than 50 percent of the hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees.
Audit Committee Pre-Approval Policies and Procedures. Generally, the Audit Committee must approve (i) all non-audit services to be performed for the Fund by the Fund’s independent accountants and (ii) all audit and non-audit services to be performed by the Fund’s independent accountants for the Affiliated Fund Service Providers with respect to operations and financial reporting of the Fund. Regarding tax and research projects conducted by the independent accountants for the Fund and Affiliated Fund Service Providers (with respect to operations and financial reports of the Fund) such engagements will be (i) pre-approved by the Audit Committee if they are expected to be for amounts greater than $10,000; (ii) reported to the Audit Committee chair for her verbal approval prior to engagement if they are expected to be for amounts under $10,000 but greater than $5,000; and (iii) reported to the Audit Committee at the next Audit Committee meeting if they are expected to be for an amount under $5,000.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
The registrant’s Board has a separately designated Audit Committee established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934, as amended (15 U.S.C. 78c(a)(58)(A)). As of the end of the period covered by this report, the members of the audit committee are Jack B. Evans, William C. Hunter, John K. Nelson, Judith M. Stockdale and Carole E. Stone, Chair.
ITEM 6. SCHEDULE OF INVESTMENTS.
(a) See Portfolio of Investments in Item 1.
(b) Not applicable.
ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Nuveen Fund Advisors, LLC is the registrant’s investment adviser (also referred to as the “Adviser”). The Adviser is responsible for the selection and on-going monitoring of the Fund’s investment portfolio, managing the Fund’s business affairs and providing certain clerical, bookkeeping and administrative services. The Adviser has engaged Nuveen Asset Management, LLC (“Nuveen Asset Management” or “Sub-Adviser”) as Sub-Adviser to provide discretionary investment advisory services. The following section provides information on the portfolio managers at the Sub-Adviser:
ITEM 8(a)(1). PORTFOLIO MANAGER BIOGRAPHIES
As of the date of filing this report, the following individuals at the Sub-Adviser (the “Portfolio Managers”) have primary responsibility for the day-to-day implementation of the registrant’s investment strategies:
David Friar, Managing Director and Portfolio Manager for Nuveen’s multi-asset portfolio management team. He joined the team managing the Equity, Mid-Cap and Small Cap Index Strategies in 2000 and became part of the enhanced equity index team in 2007. Additionally, he is a member of the investment team responsible for several other quantitative products, including the Equity Option Overwrite Strategies. He joined the firm in 1999 as a member of the performance measurement group. Before his role in portfolio management, he provided quantitative analysis for equity portfolios and constructed quantitatively driven portfolios for institutional and taxable clients.
Jim Campagna, CFA, Head of Equity Index Strategies, oversees equity index strategies for Nuveen Equities. He is responsible for all equity index, social choice, and equity ETF strategies. Prior to joining the firm in 2005, he was a portfolio manager at Mellon Capital Management where he was responsible for several funds and was an index strategy leader for the MSCI EAFE mandates.
Lei Liao, CFA, is an equity index portfolio manager for Nuveen Quantitative Strategies. He has portfolio management responsibilities for all equity index strategies, social choice equity portfolios, as well as some of the firm’s ETF product line. Prior to joining the firm in 2012, he was a senior equity portfolio manager at Northern Trust Corp.
Darren Tran, CFA, is a senior director for Nuveen Quantitative Strategies. He has portfolio management responsibilities for all equity index, social choice equity, and equity ETF strategies. Darren joined the firm in 2005 as a foreign currency trader and entered the investment industry in 2000. Prior to joining the firm, he held a position at Morgan Stanley in Corporate Treasury.
ITEM 8(a)(2). OTHER ACCOUNTS MANAGED BY PORTFOLIO MANAGERS
Other Accounts Managed. In addition to managing the registrant, the Portfolio Managers are also primarily responsible for the day-to-day portfolio management of the following accounts:
Portfolio Manager |
Type of Account |
Number of Accounts |
Assets* | |||||||
David Friar |
Registered Investment Company |
3 | $ | 1.05 billion | ||||||
Other Pooled Investment Vehicles |
0 | $ | 0 | |||||||
Other Accounts |
2 | $ | 2.69 million | |||||||
Jim Campagna |
Registered Investment Company |
27 | $ | 134.95 billion | ||||||
Other Pooled Investment Vehicles |
0 | $ | 0 | |||||||
Other Accounts |
7 | $ | 1.44 billion | |||||||
Lei Liao |
Registered Investment Company |
27 | $ | 134.95 billion | ||||||
Other Pooled Investment Vehicles |
0 | $ | 0 | |||||||
Other Accounts |
7 | $ | 1.44 billion | |||||||
Darren Tran |
Registered Investment Company |
17 | $ | 130.44 billion | ||||||
Other Pooled Investment Vehicles |
0 | $ | 0 | |||||||
Other Accounts |
7 | $ | 1.44 billion |
* | Assets are as of December 31, 2022. |
POTENTIAL MATERIAL CONFLICTS OF INTEREST
Actual or apparent conflicts of interest may arise when a portfolio manager has day-to-day management responsibilities with respect to more than one account. More specifically, portfolio managers who manage multiple accounts are presented a number of potential conflicts, including, among others, those discussed below.
The management of multiple accounts may result in a portfolio manager devoting unequal time and attention to the management of each account. Nuveen Asset Management seeks to manage such competing interests for the time and attention of portfolio managers by having portfolio managers focus on a particular investment discipline. Most accounts managed by a portfolio manager in a particular investment strategy are managed using the same investment models.
If a portfolio manager identifies a limited investment opportunity which may be suitable for more than one account, an account may not be able to take full advantage of that opportunity due to an allocation of filled purchase or sale orders across all eligible accounts. To deal with these situations, Nuveen Asset Management has adopted procedures for allocating limited opportunities across multiple accounts.
With respect to many of its clients’ accounts, Nuveen Asset Management determines which broker to use to execute transaction orders, consistent with its duty to seek best execution of the transaction. However, with respect to certain other accounts, Nuveen Asset Management may be limited by the client with respect to the selection of brokers or may be instructed to direct trades through a particular broker. In these cases, Nuveen Asset Management may place separate, non-simultaneous, transactions for a Fund and other accounts which may temporarily affect the market price of the security or the execution of the transaction, or both, to the detriment of the Fund or the other accounts.
Some clients are subject to different regulations. As a consequence of this difference in regulatory requirements, some clients may not be permitted to engage in all the investment techniques or transactions or to engage in these transactions to the same extent as the other accounts managed by the portfolio manager. Finally, the appearance of a conflict of interest may arise where Nuveen Asset Management has an incentive, such as a performance-based management fee, which relates to the management of some accounts, with respect to which a portfolio manager has day-to-day management responsibilities.
Conflicts of interest may also arise when the Sub-Adviser invests one or more of its client accounts in different or multiple parts of the same issuer’s capital structure, including investments in public versus private securities, debt versus equity, or senior versus junior/subordinated debt, or otherwise where there are different or inconsistent rights or benefits. Decisions or actions such as investing, trading, proxy voting, exercising, waiving or amending rights or covenants, workout activity, or serving on a board, committee or other involvement in governance may result in conflicts of interest between clients holding different securities or investments. Generally, individual portfolio managers will seek to act in a manner that they believe serves the best interest of the accounts they manage. In cases where a portfolio manager or team faces a conflict among its client accounts, it will seek to act in a manner that it believes best reflects its overall fiduciary duty, which may result in relative advantages or disadvantages for particular accounts.
Nuveen Asset Management has adopted certain compliance procedures which are designed to address these types of conflicts common among investment managers. However, there is no guarantee that such procedures will detect each and every situation in which a conflict arises.
Nuveen Asset Management or its affiliates, including TIAA, sponsor an array of financial products for retirement and other investment goals, and provide services worldwide to a diverse customer base. Accordingly, from time to time, a Fund may be restricted from purchasing or selling securities, or from engaging in other investment activities because of regulatory, legal or contractual restrictions that arise due to another client account’s investments and/or the internal policies of Nuveen Asset Management, TIAA or its affiliates designed to comply with such restrictions. As a result, there may be periods, for example, when Nuveen Asset Management will not initiate or recommend certain types of transactions in certain securities or instruments with respect to which investment limits have been reached.
The investment activities of Nuveen Asset Management or its affiliates may also limit the investment strategies and rights of the Funds. For example, in certain circumstances where the Funds invest in securities issued by companies that operate in certain regulated industries, in certain emerging or international markets, or are subject to corporate or regulatory ownership definitions, or invest in certain futures and derivative transactions, there may be limits on the aggregate amount invested by Nuveen Asset Management or its affiliates for the Funds and other client accounts that may not be exceeded without the grant of a license or other regulatory or corporate consent. If certain aggregate ownership thresholds are reached or certain transactions undertaken, the ability of Nuveen Asset Management, on behalf of the Funds or other client accounts, to purchase or dispose of investments or exercise rights or undertake business transactions may be restricted by regulation or otherwise impaired. As a result, Nuveen Asset Management, on behalf of the Funds or other client accounts, may limit purchases, sell existing investments, or otherwise restrict or limit the exercise of rights (including voting rights) when Nuveen Asset Management, in its sole discretion, deems it appropriate in light of potential regulatory or other restrictions on ownership or other consequences resulting from reaching investment thresholds.
ITEM 8(a)(3). FUND MANAGER COMPENSATION
As of the most recently completed fiscal year end, the primary Portfolio Managers’ compensation is as follows:
Portfolio manager compensation consists primarily of base salary and variable components consisting of (i) a cash bonus; (ii) a long-term performance award; and (iii) participation in a profits interest plan.
Base salary. A portfolio manager’s base salary is determined based upon an analysis of the portfolio manager’s general performance, experience and market levels of base pay for such position.
Cash bonus. A portfolio manager is eligible to receive an annual cash bonus that is based on three variables: risk-adjusted investment performance relative to benchmark generally measured over the most recent one, three and five year periods (unless the portfolio manager’s tenure is shorter), ranking versus Morningstar peer funds generally measured over the most recent one, three and five year periods (unless the portfolio manager’s tenure is shorter), and management and peer reviews.
Long-term performance award. A portfolio manager is eligible to receive a long-term performance award that vests after three years. The amount of the award when granted is based on the same factors used in determining the cash bonus. The value of the award at the completion of the three-year vesting period is adjusted based on the risk-adjusted investment performance of Fund(s) managed by the portfolio manager during the vesting period and the performance of the TIAA organization as a whole.
Profits interest plan. Portfolio managers are eligible to receive profits interests in Nuveen Asset Management and its affiliate, Teachers Advisors, LLC, which vest over time and entitle their holders to a percentage of the firms’ annual profits. Profits interests are allocated to each portfolio manager based on such person’s overall contribution to the firms.
There are generally no differences between the methods used to determine compensation with respect to the Fund and the Other Accounts shown in the table above.
ITEM 8(a)(4). OWNERSHIP OF QQQX SECURITIES AS OF DECEMBER 31, 2022
Name of Portfolio Manager |
None | $1 - $10,000 |
$10,001- $50,000 |
$50,001- $100,000 |
$100,001- $500,000 |
$500,001- $1,000,000 |
Over $1,000,000 |
|||||||||||||||||||
David Friar |
X | |||||||||||||||||||||||||
Jim Campagna |
X | |||||||||||||||||||||||||
Lei Liao |
X | |||||||||||||||||||||||||
Darren Tran |
X |
ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.
Not applicable.
ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s Board implemented after the registrant last provided disclosure in response to this Item.
ITEM 11. CONTROLS AND PROCEDURES.
(a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15 (b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (17 CFR 240.13a-15(b) or 240.15d-15 (b)). |
(b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
ITEM 12. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
(a) | The following provides dollar amounts of income and fees/compensation related to securities lending activities of the Fund during the fiscal year ended December 31, 2022: |
Gross income from securities lending activities |
$ | 311,338 | ||
Fees and/or compensation paid for securities lending activities and related services: |
||||
Fees paid to securities lending agent from a revenue split |
(20,024 | ) | ||
Fees not included in a revenue split |
||||
Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included in a revenue split |
(2,210 | ) | ||
Administrative fees not included in a revenue split |
— | |||
Indemnification fees not included in a revenue split |
— | |||
Rebate (paid to borrower) |
(59,002 | ) | ||
Other fees not included in a revenue split |
— | |||
Aggregate fees/compensation for securities lending activities |
(81,236 | ) | ||
Net income from securities lending activities |
$ | 230,102 |
(b) | The Fund may lend securities representing up to one-third of the value of its total assets to broker-dealers, banks, and other institutions in order to generate additional income. When loaning securities, the Fund retains the benefits of owning the securities, including the economic equivalent of dividends or interest generated by the security. The loans are continuous, can be recalled at any time, and have no set maturity. When the Fund loans its portfolio securities, it will receive, at the inception of each loan, cash collateral equal to an amount not less than 100% of the market value of the loaned securities. The actual percentage of the cash collateral will vary depending on the asset type of the loaned securities. The Fund’s custodian, State Street Bank and Trust Company, serves as the securities lending agent to the Fund. Pursuant to a Securities Lending Authorization Agreement and in accordance with procedures established by the Board of Trustees, State Street Bank and Trust Company effects loans of Fund securities to any firm on a list of approved borrowers, negotiates loan terms, monitors the value of the loaned securities and collateral, requests additional collateral as necessary, manages reinvestment of collateral in a pooled cash collateral reinvestment vehicle, arranges for the return of loaned securities to the Fund, and maintains records and prepares reports regarding loans that are made and the income derived therefrom. |
ITEM 13. EXHIBITS.
File the exhibits listed below as part of this Form.
(a)(1) Any code of ethics, or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy the Item 2 requirements through filing of an exhibit: Not applicable because the code is posted on registrant’s website at www.nuveen.com/fund-governance and there were no amendments during the period covered by this report. (To view the code, click on Code of Conduct.)
(a)(3) Any written solicitation to purchase securities under Rule 23c-1 under the 1940 Act (17 CFR 270.23c-1) sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons. Not applicable.
(a)(4) Change in registrant’s independent public accountant. Not applicable.
(c)(4) Consent of Independent Registered Public Accounting Firm. EX99.IND PUB ACCT attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Nuveen NASDAQ 100 Dynamic Overwrite Fund
By (Signature and Title) | /s/ Mark L. Winget |
|||
Mark L. Winget | ||||
Vice President and Secretary | ||||
Date: March 9, 2023 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title) | /s/ David J. Lamb |
|||
David J. Lamb | ||||
Chief Administrative Officer | ||||
(principal executive officer) | ||||
Date: March 9, 2023 | ||||
By (Signature and Title) | /s/ E. Scott Wickerham |
|||
E. Scott Wickerham | ||||
Vice President and Controller | ||||
(principal financial officer) | ||||
Date: March 9, 2023 |