Nuveen Dow 30 Dynamic Overwrite Fund
DIAX
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- David A. Friar
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 333 West Wacker Drive Chicago IL United States of America 60606-1220
- IPO Date
- Dec 3, 2014
- CIK
- 0001608742
- Website
- nuveen.com
- Similar Companies
- Business
- Nuveen Dow 30 Dynamic Overwrite Fund (NYSE: DIAX) is a closed-end management investment company that seeks attractive total return with less volatility than the Dow Jones Industrial Average through an equity portfolio designed to substantially replicate the DJIA's price movements and the sale of call options on 35%-75% of the notional value of that portfolio, targeting a long-term average of 55% coverage to enhance risk-adjusted returns and support regular distributions. The fund primarily invests at least 90% of its managed assets in large-cap U.S. equities across diversified sectors mirroring the Dow 30 components, supplemented by single-name covered call options writing; it operates without leverage and focuses on institutional and retail investors seeking income and moderated equity exposure. Founded on April 29, 2005, and formerly known as Dow 30 Premium & Dividend Income Fund Inc., the fund is managed by Nuveen Fund Advisors, LLC and Nuveen Asset Management, LLC, with headquarters at 333 West Wacker Drive, Chicago, Illinois, as part of Nuveen, a TIAA subsidiary and leading sponsor of closed-end funds. In September 2025, the Boards of Trustees of DIAX, Nuveen S&P 500 Buy-Write Income Fund (BXMX), and Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) approved a proposed merger to combine BXMX and DIAX into SPXX, aiming to create a larger entity with reduced net operating expenses, improved liquidity through higher trading volume, and enhanced scale; the proposal awaits shareholder approval at annual meetings scheduled for January 29, 2026, with proxy materials forthcoming. Effective May 30, 2025, Nazar Suschko joined the portfolio management team alongside David Friar, Jim Campagna, Darren Tran, and Nazar Romanyak, reinforcing the fund's options overlay strategy without altering its core approach. These developments reflect ongoing strategic efforts to optimize operations amid market volatility and competitive pressures in the covered call closed-end fund segment.