Nuveen Dow 30sm Dynamic Overwrite Fund is registered as a non-diversified closed-end management investment company. The Fund's investment objective is to seek attractive total returns with less volatility than the Dow Jones Industrial Average (DJIA). The Fund pursues its investment strategy by investing in an equity portfolio consisting of the thirty stocks included in the DJIA and employing a dynamic call option overwrite strategy, which consists of writing (selling) index call options, call options on custom baskets of securities, and covered call options on individual securities. The DIAX average annual return since 2014 is shown above.
The Average Annual Return on the DIAX average annual return since 2014 page and across the coverage universe of our site,
is a measure of the annualized return over the past ten years (or specified start date) for a given investment
(up to the end of prior trading session recorded). Arguably, choosing ten years for a measurement
period is on the one hand completely arbitrary, but on the other hand provides a sufficiently long window
to capture long-term trends.
Thus, researching Average Annual Returns is good practice for investors — whether DIAX average annual return since 2014 or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's annualized return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the DIAX average annual return calculation with any dividends reinvested as applicable (on ex-dates).
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