Is SPXX a Friend, Question Mark or Foe?

SPXX is classified a Friend under the Income Quality Score framework, based on long-duration distribution and total-return history. This is a research classification, not investment advice.

How safe is the SPXX distribution?

A Friend is an income asset whose long-term economic total return has historically covered its distributions and whose distribution has been stable over the available history. It describes a track record of durable, well-covered income.

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SPXX Income Quality Score

Name: SPXX Income Quality Score
Creator: Income Quality Score
Keywords: SPXX income quality, SPXX dividend quality, SPXX dividend safety, SPXX distribution history, SPXX dividend score, SPXX analysis, Nuveen S&P 500 Dynamic Overwrite Fund dividend

Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) has an Income Quality Score of 82/100, classified as a Friend with high confidence, based on a 10-year income and total-return history.

Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) is a closed-end fund and is part of the IQ Score universe.

July 2026 snapshotAs of June 30, 2026Lookback: 10-year

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Long-term focused10-year income and total-return analysis

Data-drivenObjective scoring across 5 quality, distribution and risk signals

Clear classificationFriends to own. Foes to avoid.

IQ Score

82/100

FriendHigh confidence

Asset Type

CEF

Exchange

—

Trailing Yield (TTM)

Not published

No normalized trailing yield is published for closed-end funds in this snapshot.

Rank in CEF Universe

26 of 358

Lookback

10-year

Data as of

June 30, 2026

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About this snapshot
This is the public July 2026 snapshot. Public snapshots are delayed and frozen: once released, a month's scores do not change, and current data is reserved for members. The July 2026 snapshot is published as the public launch snapshot.

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SPXXNuveen S&P 500 Dynamic Overwrite Fund

82FriendHigh confidence

Snapshot: 2026-06
Data as of: 2026-06-30
Lookback: 10-year
Asset type: Closed-End Fund

IQ Score History

Reconstructed monthly scores are computed from current data and methodology. Published snapshots are the frozen monthly releases, marked on the line. Where the methodology changed, the line is broken rather than joined across the change.

Signals & Drivers

IQ signal scores

Each signal is normalised to 0–100 and combined by weight into the overall IQ Score.

Economic Payout Coverage

70/100

Working Capital Preservation

75/100

Distribution Cut Score

100/100

Distribution Trend

60/100

NAV CAGR

100/100

What is working

Economic return covers long-term payout
Working capital preserved over time
No material annual distribution decline across 9 full years of data
Stable NAV over available history

Distribution Safety

5Years raised

0Years cut

21Years of data

RisingCurrent trend

High confidence (10-year history)

20061.62Held
20071.62Held
20081.486Lower total
20091.12Lower total
20101.12Held
20111.12Held
20121.12Held
20131.12Held
20141.044Lower total
20151.044Held
20160.74Lower total
20170.985Raised
20181.12Raised
20191.06Lower total
20201.0Lower total
20210.98Lower total
20221.176Raised
20231.176Held
20241.2195Raised
20251.35Raised
20260.759Partial year

Distributions per year, from the frozen distribution-stability signal. “Lower total” means the calendar-year sum was smaller than the prior year (often a special-distribution rolloff or timing shift), but did not decline more than the engine's 10% material-decline threshold — see Years Cut above for years that did.

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IQ Score is a long-duration quality and distribution-safety classification for income assets. It is research based on historical data, not personal investment advice, and it does not tell you what to buy or sell. Figures reflect a delayed public snapshot and may differ from current data.