The investment objective of the fund is to provide an attractive level of total return, primarily through long term capital appreciation and secondarily through income and gains.
The fund will invest in a portfolio of common stocks selected from among the 500 stocks comprising the S&P 500 Index, using a proprietary mathematical process designed by INTECH to select large cap, core equity securities and will also employ innovative risk reduction techniques. Typically, the fund's equity portfolio will hold 150-450 stocks included in the S&P 500 Index.
The fund will also employ an option strategy that seeks to enhance the fund's risk-adjusted performance over time through a meaningful reduction in the volatility of the fund's returns relative to the returns of the S&P 500 Index. The fund expects to write custom basket call options with a notional value of up to 50% of the value of the equity portfolio.
- A unique, highly disciplined mathematical investment strategy designed to seek to achieve long-term returns in excess of the S&P 500 Index (“Alpha”) with equal or less risk than the benchmark
- Seeks to provide attractive quarterly distributions
- Provides an alternative to index-oriented equity products or passively managed index strategies
- Combines investment expertise of two premier managers
- INTECH risk-managed mathematical investment process
- Nuveen fund management and option strategy execution
| Closing Share Price (As of 9/1/2010) | $12.00 |
| Closing NAV per Share (As of 9/1/2010) | $12.61 |
| Premium / Discount | -4.83% |
| Current Distribution Rate (Market price)†† | 9.00% |
| Distribution Amount (Quarterly) | $0.2700 |
Managed Distribution Policy: This fund has adopted a Managed Distribution
Policy, designed to provide attractive, quarterly distributions throughout the course of the year. Under this policy, the fund seeks to maintain a stable quarterly distribution amount (in cents per common share), comprised of payments received from portfolio companies, as well as net realized fund portfolio capital gains and, if necessary, a return of capital (representing in some cases
net unrealized capital gains). The fund will determine the tax characteristics of all fund distributions after the end of the calendar year and will provide shareholders such information at that time.
View more information about Managed Distributions.
View fund performance and current estimates
of the fund's distribution components.
As of 03/31/2010
Total may not add up to 100% due to rounding.
Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. Past performance is no guarantee of future results.
Fund data is updated daily, monthly, and quarterly, depending on the specific data point.
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