Objective
The Fund's investment objectives are to provide stockholders with a high level of premium and dividend income and the potential for capital appreciation
Investment Strategy
The fund invests in an equity portfolio that seeks to substantially replicate price movements of the Dow Jones Industrial AverageSM (“DJIA”). The fund also sells covered call options on some or all of the Dow stocks, covering a maximum of 50% of the value of the fund’s portfolio in seeking to enhance risk-adjusted performance relative to an all equity portfolio. The fund uses leverage.
Daily Pricing
| Closing Share Price (As of 5/22/2013) | $12.39 |
| Closing NAV per Share (As of 5/22/2013) | $13.15 |
| Premium / Discount** | -5.78% |
| Current Distribution Rate (Market price)†† | 7.04% |
| Distribution Amount (Quarterly) | $0.2180 |
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.
Asset Allocation
As of 04/30/2013
Total may not add up to 100% due to rounding.
Income may be subject to state and local income taxes and the alternative minimum tax. Capital gains, if any, will be subject to capital gains tax.
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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| Frequency |
Data included |
| Daily all funds: |
Market price, NAV, premium/discount, annualized distribution rates on market price and NAV |
| Monthly all funds: |
Assets, leverage, expenses, total return performance, distribution amounts, earnings & UNII |
| Monthly certain funds: |
Municipal bond fund holdings and portfolio information
|
| Monthly certain funds, with 1-month lag: |
Taxable fund holdings and portfolio information except JCE, NSL, JFR and JRO; and % AMT for municipal bond funds
|
| Quarterly certain funds: |
JCE, NSL, JFR, and JRO holdings and portfolio information, tax characteristic estimates for distributions from funds paying quarterly distributions
|
| Quarterly all funds: |
SEC filings (annual shareholder report, semi-annual shareholder report, or 10-Q filing)
|
An investment in this fund presents a number of risks and is not suitable for all investors. Investors should carefully review and consider potential risks before investing. Certain of these risks and considerations may include:
The possible loss of the entire principal amount that you invest.Shares of closed-end investment companies like the Fund frequently trade at a discount to their NAV. Your common shares at any point in time may be worth less than your original investment, even after taking into account the reinvestment of Fund dividends and distributions.Each Fund’s use of leverage creates the possibility of higher volatility for the Fund’s per share NAV, market price, distributions and returns. There is no assurance that a Fund’s leveraging strategy will be successful.The Fund’s investment program and the tax treatment of Fund distributions may be affected by IRS interpretations of the Internal Revenue Code and future changes in tax laws and regulations, including changes resulting from the “sunset” provisions that may apply to the favorable tax treatment of tax-advantaged dividends. There can be no assurance as to the percentage of a Fund’s distributions that will qualify as tax-advantaged dividends.Common stock returns often have experienced significant
volatility. The value of call options sold (written) by the Fund will fluctuate. The
Fund may not participate in any appreciation of its equity portfolio as fully as it would if
the Fund did not sell call options. In addition, the Fund will continue to bear the risk of
declines in the value of the equity portfolio.Derivative securities, such as calls, puts, warrants, swaps and
forwards, carry risks different from, and possibly greater than, the risks associated with
the underlying investments.
Because index options are settled in cash, sellers of index call
options, such as the Funds, cannot provide in advance for their potential settlement obligations by acquiring and holding the underlying securities.