DIAX CEF is analyzed across 6 metrics including distributions, NAV discount, expense ratio, holdings, RSI, and MACD.
Nuveen Dow 30SM Dynamic Overwrite Fund (DIAX) CEF Analysis
Nuveen Dow 30SM Dynamic Overwrite Fund — what kind of fund is this?
📊 This is a closed-end fund (CEF) that invests in the 30 large-cap blue-chip stocks of the Dow Jones while selling call options to boost dividend income. It dynamically applies call options to 35–75% of the portfolio, giving up a portion of upside price gains in exchange for creating a stable cash flow. The fund is managed by Nuveen and pays dividends on a quarterly basis.
📘 DIAX 펀드 자세히 알아보기 →Has the stock risen over the long term?
DIAX Distribution Analysis
A key concern for CEF investors. Check yield, frequency, consistency, and trend at a glance.
| Ex-Date | Per-Share Amount | Yield at Time | Type |
|---|---|---|---|
| 2025-12-15 | $0.3010 | 8.05% | regular |
| 2025-09-15 | $0.3010 | 8.31% | regular |
| 2025-06-13 | $0.3010 | 10.67% | regular |
| 2025-03-14 | $0.3010 | 10.30% | regular |
| 2024-12-13 | $0.3010 | 9.51% | regular |
| 2024-09-13 | $0.2867 | 9.83% | regular |
| 2024-06-14 | $0.2867 | 8.30% | regular |
| 2024-03-14 | $0.2867 | 8.09% | regular |
| 2023-12-14 | $0.2867 | 10.22% | regular |
| 2023-09-14 | $0.2867 | 10.40% | regular |
| 2023-06-14 | $0.2867 | 10.22% | regular |
| 2023-03-14 | $0.2867 | 9.95% | regular |
Similar CEFs
Top CEFs by NAV in the same category (Closed-End Fund - Equity)
| Ticker | Fund Name | Net Assets | Distribution Rate | 1Y | 3Y | Price |
|---|---|---|---|---|---|---|
| DIAX | (This Fund) | - | - | - | - | - |
| DNP | DNP Select Income Fund Inc | $4.2B | 7.09% | +11.9% | +8.0% | $11.00 |
| PSUS | Pershing Square USA Ltd | $3.7B | - | - | - | $36.75 |
| UTG | Reaves Utility Income Fund | $3.6B | 6.10% | +4.3% | +41.6% | $39.53 |
| ADX | Adams Diversified Equity Fund | $3.1B | 7.53% | +14.2% | +55.8% | $25.36 |
| UTF | Cohen & Steers Infrastructure Fund Inc | $3.1B | 6.84% | +4.3% | +20.6% | $27.73 |
| GDV | Gabelli Dividend & Income Trust | $2.6B | 5.87% | +11.8% | +37.4% | $29.82 |
| KYN | Kayne Anderson Energy Infrastructure Fund Inc | $2.4B | 6.93% | +18.2% | +68.8% | $14.42 |
| ETY | Eaton Vance Tax-Managed Diversified Equity Income Fund | $2.3B | 8.39% | -9.9% | +14.9% | $14.16 |
4 Things to Check Before Investing in a CEF
Structural features unique to CEFs — and why distribution rate alone is not enough
NAV Discount / Premium
A CEF's market price does not always match its net asset value (NAV). A 10% discount means buying $1 worth of assets for 90 cents. As a rule, consider buying when the discount is wider than its long-term average and avoid funds trading at a premium (market price > NAV).
Leverage Ratio
Many CEFs use borrowed money to boost returns, typically with 20–40% leverage. When interest rates rise, borrowing costs increase, raising the risk of a distribution cut. If leverage is 30% or higher, be sure to factor in interest-rate risk.
Distribution Sources (ROC Share)
CEF distributions may include interest, dividends, capital gains, and Return of Capital (ROC). Persistently high ROC can erode NAV, increasing the likelihood of a distribution cut over time.
Total Expenses
CEF fees are often 1–2%, far higher than ETF fees of 0.03–0.5%. Including leverage costs, total expenses can exceed 3%. In some cases, high expenses offset much of the headline distribution rate.
FAQ
What kind of CEF is DIAX?
DIAX is a closed-end fund (CEF) that invests in Closed-End Fund - Equity.
What is the distribution yield of DIAX?
DIAX's distribution yield is approximately 8.54%, paid out on a regular basis.
What is the 52-week high and low for DIAX?
DIAX has recorded a 52-week high of $15.85 and a low of $12.42.
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