Closed-End Funds

CEF

Nuveen Global Equity Income Fund (NYSE: JGV)

Objective

The fund seeks a high level of total return by investing primarily in a diversified global portfolio of value equity securities.

Highlights

  • Opportunity for a high level of total return to fuel attractive regular managed distributions.
  • Value-oriented investment strategy from experienced Tradewinds portfolio team, that opportunistically seeks to identify undervalued securities across the globe.
  • Global investing is a long-term strategic opportunity for US investors to achieve additional total return potential for their portfolios by expanding their ‘opportunity set’ and investing in higher performing markets.

Investment Strategy

The fund invests at least 80% in equity securities of which at least 40% will be of non-U.S. companies. The fund may also opportunistically write covered calls on up to 35% of the equity portfolio and may invest up to 10% in debt securities. The fund does not use leverage.

Daily Pricing

Closing Share Price (As of 12/18/2014)$12.43
Closing NAV per Share (As of 12/18/2014)$14.29
Premium / Discount**-13.02%
Current Distribution Rate (Market price)††8.53%
Distribution Amount (Quarterly)†† $0.2650
Distribution Type Managed Distribution

RISKS
The Fund is designed as a long-term investment and not as a trading vehicle. The Fund is not intended to be a complete investment program. Investors should carefully review and consider the risks listed below before investing.

Investment Risk: The possible loss of the entire principal amount that you invest.Price Risk: 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.Common Stock Risk: Common stock returns often have experienced significant volatility. Issuer Credit Risk: This is the risk that a security in a Fund's portfolio will fail to make dividend or interest payments when due.Call Option Risks: 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.Derivatives Strategy Risk: 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.Interest Rate Risk: Fixed-income securities such as bonds, preferred, convertible and other debt securities will decline in value if market interest rates rise. Value Stock Risks: Value stocks are securities that the portfolio manager believes to be undervalued, or mispriced. If the manager’s assessment of a company’s prospects is wrong, the price of the company’s common stock or other equity securities may fall, or may not approach the value that the manager has placed on them. Currency Risk: Changes in exchange rates will affect the value of a Fund’s investments.Tax Risk: 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.Non-U.S. Securities Risk: Investments in non-U.S securities involve special risks not typically associated with domestic investments including currency risk and adverse political, social and economic development. These risks often are magnified in emerging markets.
NOTES

** The premium/discount is calculated as (most recent price/most recent NAV) -1.

†† Managed Distribution Policy

Potential distribution sources include net investment income, realized gains and/or return of capital. This Fund has adopted a Managed Distribution Policy, which is designed to provide attractive, regular distributions throughout the course of the year. Under this policy, the Fund seeks to maintain a stable regular distribution amount that, over the long term, matches the Fund’s total distributions paid to its total return. You should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate. Each regular distribution will be composed of Fund earnings (net investment income) and profits (realized gains, if any), and may also include a non-taxable distribution of a portion of the Fund’s capital, which in turn consists of shareholders’ original investments plus any unrealized gains, life-to-date.

If a distribution includes anything other than net investment income, the fund provides a notice of the best estimate of its distribution sources at that time. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year.

Distribution rates represent the latest declared regular distribution, annualized, relative to the most recent market price and NAV. Special distributions, including special capital gains distributions, are not included in the calculation.

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