In plain terms — Nuveen NASDAQ 100 Dynamic Overwrite Fund
Shares currently cost about 5.3% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 6.6% discount, so today's level is somewhat high for this fund (Z-score +1.4). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 9.7% a year of the share price (9.1% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.06 of assets — a ReinvestCapture™ rate of 10.2%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 17.4% over the past year including distributions (NAV total return).
Guided view hides the statistical panels. Switch to Expert view in the grey bar to see them. Nothing here is advice.
Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -4.17% | 0.59% | +1.54 | 62 |
| 6 months | -4.76% | 1.06% | +1.42 | 118 |
| 1 year | -6.62% | 2.35% | +1.43 | 224 |
| 3 years | -8.17% | — | — | — |
| 5 years | -3.90% | — | — | — |
Current contemporaneous premium/discount -3.25% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -11.15% to -2.66%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | +0.86% | +0.82% | +7.50% | +12.02% | +11.38% | +1.19% |
| Market price total return | +3.37% | +3.34% | +15.39% | +22.68% | +20.89% | +9.61% |
| NAV return | +1.99% | +1.48% | +4.43% | +7.78% | +11.34% | +2.37% |
| NAV total return | +4.43% | +3.91% | +11.70% | +17.39% | +20.11% | +10.56% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
The Nuveen Nasdaq 100 Dynamic Overwrite Fund is an equity-focused, closed-end investment vehicle initially established by Nuveen Investments, Inc. Its management is a collaborative effort between Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. The fund primarily allocates capital to publicly traded U.S. equities, specifically concentrating on large-capitalization companies across a diverse array of sectors. An integral part of its strategy involves the utilization of index call options. A core objective is to mirror the performance of the NASDAQ 100 Index. Prior to its current designation, the fund was known as the NASDAQ Premium Income & Growth Fund Inc. It was inaugurated on January 30, 2007, and maintains its domicile within the United States.
CEF Explorer research page for Nuveen NASDAQ 100 Dynamic Overwrite Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.