The Nuveen S&P 500 Buy-Write Income Fund (BXMX) offers a consistent high yield (8.3%) and maintains value over time, making it a solid hold. BXMX focuses on income generation through covered calls, not capital appreciation, and has a relatively low expense ratio of 0.89%. The fund may be deployed with the strategy of swapping to growth-oriented or conservative portfolios based on market conditions.

BXMX offers attractive income potential with an 8.4% dividend yield, supported by a strategic option writing approach and diversified sector exposure. The fund trades at a 9.53% discount to NAV, presenting an attractive accumulation opportunity given its history of capital preservation and consistent performance. BXMX is ideal for income-focused investors, offering tax-efficient distributions and resilience during market declines, despite underperforming traditional ETFs in bull markets.

BXMX is a buy-write CEF that underperforms in bull markets but buffers downside in bear markets with high option premiums. The fund's structural features limit upside participation to 2% monthly, making it less suitable for violent equity rallies. BXMX trades at a -9% discount to NAV, with a countercyclical premium/discount feature influenced by market regimes.

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The Nuveen S&P 500 Buy-Write Income Fund (BXMX) has seen its discount widen substantially, making it a more tempting investment choice. BXMX is a call-writing fund that writes calls against the S&P 500 Index at a target of 100% overwrite. Thanks to the call-writing strategy, the fund offers investors a ~7.5% distribution rate that is paid quarterly.

Nuveen S&P 500 Buy-Write Income Fund uses options to reduce volatility and increase income from its portfolio of global equities. The fund's top holdings are primarily large-cap stocks, with calls written on the entire equity portfolio. We tell you why this is a great time to switch to this fund if you own XYLD, a popular covered call ETF.

NEW YORK--(BUSINESS WIRE)--The 19(a) distribution notices for six Nuveen closed-end funds are now available. These informational notices provide further details on the sources of the funds' regular quarterly distributions and follows the most recent quarterly distribution announcements. The full text of these notices is available below or on the Nuveen website via Distribution Source Estimates. Important Information Regarding Distributions March 28, 2024: THIS NOTICE IS FOR INFORMATIONAL PURPOS.

NEW YORK--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions, including earnings, undistributed net investment income, and notices, please visit www.nuveen.com/cef. Additionally, several leveraged municipal closed-end funds have announced distribution rate incre.

Nuveen S&P 500 Buy-Write Income Fund focuses on generating income through covered calls, offering a distribution yield of 7.2%. Covered call funds have gained popularity for their ability to generate income in all market conditions. Virtually all of this fund's total returns come from distributions and there is no dividend growth so it will only suit certain investors.

BXMX and XYLD write covered calls on the index as an offset to their equity holdings. BXMX is a closed end fund, whereas XYLD is an exchange traded fund. We review them on key characteristics, performance, and yield and provide our pick between the two.