JCE: Unlikely To Provide Alpha But Still An Attractive Income Fund

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  Posted by Two Blokes Jul 23 - Filed in Stock - 7 views
  
  Nuveen Core Equity Alpha Fund offers an 8.2% yield via option writing on large-cap growth stocks, but caps upside potential and underperforms total return ETFs like QQQ. The fund is best suited for income-focused investors, not those seeking long-term capital appreciation or alpha versus major indexes. JCE's distributions are consistent and well-covered by net realized gains, but are tax-inefficient, making them better suited for tax-advantaged accounts.