BXMX: Tax-Efficient Income While Tracking The S&P 500

Nuveen S&P 500 Buy-Write Income Fund remains a buy due to its attractive discount to NAV and reliable income generation. BXMX offers a 7.7% dividend yield, consistent distributions, and tax-efficient return of capital, appealing to income-focused investors. While BXMX underperforms traditional S&P 500 ETFs and newer option ETFs in total return, it excels in income stability and quality holdings.

Seeking Alpha • Oct 14, 2025

BXMX: Remains An Attractive Opportunity With Its Discount

Nuveen S&P 500 Buy-Write Income Fund offers a quarterly distribution at a 7.55% yield and trades at an attractive -8.9% discount to NAV. I believe that while the distribution rate is relatively high compared to something like the S&P 500 Index, it is due for a boost. BXMX's 100% call overwrite strategy has meant it lags behind newer ETF peers, like SPYI and XDTE, in recent total returns.

Seeking Alpha • Oct 12, 2025

Nuveen Covered Call Closed-End Funds Announce Proposed Mergers and Shareholder Meeting Update

CHICAGO--(BUSINESS WIRE)--The Boards of Trustees of Nuveen S&P 500 Buy-Write Income Fund (NYSE: BXMX), Nuveen Dow 30℠ Dynamic Overwrite Fund (NYSE: DIAX), and Nuveen S&P 500 Dynamic Overwrite Fund (NYSE: SPXX) have approved a proposal to merge the funds. The proposed mergers, if approved by shareholders, would combine BXMX and DIAX into SPXX. The mergers are intended to create a larger fund with lower net operating expenses and increased trading volume on the exchange for common shares.

Business Wire • Sep 19, 2025

BXMX Delivers Income In Place Of Growth

Nuveen S&P 500 Buy-Write Income Fund offers high income via covered call strategy on the S&P 500 in addition to equity holdings, appealing for income-focused investors seeking equity exposure. The BXMX fund's top holdings in mega-cap tech stocks benefit from strong cloud and AI growth trends, supporting a bullish outlook. BXMX outperforms peer ETV on total returns, boasts a 7.44% yield, and has a competitive management fee and strong liquidity.

Seeking Alpha • Jul 28, 2025

Closed-End Funds: Screening For Potential Opportunities To Kick Off H2 2025

We closed out the first half of 2025, making it an appropriate time to give the overall CEF space a fresh look for potential opportunities. As the broader equity indexes have been performing quite well, discounts in the CEF space have narrowed overall. The best relative value more broadly is in the municipal bond space and the "hybrid" funds.

Seeking Alpha • Jul 14, 2025

BXMX: Solid Alternative For Good Income And Navigating Uncertainties

The Nuveen S&P 500 Buy-Write Income Fund (BXMX) offers a consistent high yield (8.3%) and maintains value over time, making it a solid hold. BXMX focuses on income generation through covered calls, not capital appreciation, and has a relatively low expense ratio of 0.89%. The fund may be deployed with the strategy of swapping to growth-oriented or conservative portfolios based on market conditions.

Seeking Alpha • May 13, 2025

BXMX: The Rare Combo Of Capital Preservation And High Income

BXMX offers attractive income potential with an 8.4% dividend yield, supported by a strategic option writing approach and diversified sector exposure. The fund trades at a 9.53% discount to NAV, presenting an attractive accumulation opportunity given its history of capital preservation and consistent performance. BXMX is ideal for income-focused investors, offering tax-efficient distributions and resilience during market declines, despite underperforming traditional ETFs in bull markets.

Seeking Alpha • May 8, 2025

BXMX: A Disappointing 2024 For This Equity CEF

BXMX is a buy-write CEF that underperforms in bull markets but buffers downside in bear markets with high option premiums. The fund's structural features limit upside participation to 2% monthly, making it less suitable for violent equity rallies. BXMX trades at a -9% discount to NAV, with a countercyclical premium/discount feature influenced by market regimes.

Seeking Alpha • Oct 28, 2024

Need $8,000 Passive Income? Invest $10,000 in These 9 Dividend Stocks

24/7 Wall Street Insights Inflation is alive and thriving; a woman's recent comparison of a 30 item Walmart shopping list between 2020 and 2024 showed a 135.6% inflation price hike and went viral.

24/7 Wall Street • Jul 22, 2024

BXMX: Discount Widens To A Tempting Level

The Nuveen S&P 500 Buy-Write Income Fund (BXMX) has seen its discount widen substantially, making it a more tempting investment choice. BXMX is a call-writing fund that writes calls against the S&P 500 Index at a target of 100% overwrite. Thanks to the call-writing strategy, the fund offers investors a ~7.5% distribution rate that is paid quarterly.

Seeking Alpha • May 6, 2024