QQQX CEF — Nuveen NASDAQ 100 Dynamic Overwrite Fund

Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX)

QQQX is a CEF. its distribution rate is 9.77%, its trailing-12-month yield is 8.78%, its expense ratio is 0.89%. Dividend Vision Distribution Safety Score™ is 88/100 (Safe). Total return is 682.1% over the past 19.6 years, 17.4 points ahead of SPY at 664.7%.

At the current 9.77% distribution rate, a $10,000 investment would generate approximately $977 per year, or about $244.25 per quarter if the next payment matches the last regular one.

QQQX performance versus SPY

Price and return data through 2026-09-18.

Total return is 682.1% over the past 19.6 years, 17.4 points ahead of SPY at 664.7%. Over the past year its total return — price change plus distributions reinvested — is 22.0%. Its deepest 1-year drawdown was 9.1%.

QQQX key facts

Distribution Safety Score™

88 · Safe

Safety-Adjusted Yield

8.60%

Issuer

Nuveen

Asset type

CEF

Asset class

Equity

Inception date

01/30/2007

Expense ratio

0.89%

Distribution rate

9.77%

Distribution frequency

Quarterly

Trailing yield

8.78%

5-year average yield

7.44

Last close

$30.21 (as of 2026-09-18)

NAV

$31.66

Premium / discount

4.58% discount

Market cap

$1,466,756,608

Average volume

55800.0

Next dividend

$0.738

Last ex-dividend date

09/15/2026 (as of 2026-09-15)

Next payment date

10/01/2026 (as of 2026-10-01)

Beta

1.0172

How Dividend Vision calculates yield and returns

Distribution rate (9.77%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (8.78%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Nuveen or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

QQQX risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 9.1%.

Who may consider QQQX — and who may not

QQQX may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (QQQX pays quarterly). This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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