UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-22971

Nuveen NASDAQ 100 Dynamic Overwrite Fund

(Exact name of registrant as specified in charter)

Nuveen Investments

333 West Wacker Drive

Chicago, Illinois 60606

(Address of principal executive offices) (Zip code)

Mark L. Winget

Nuveen Investments

333 West Wacker Drive

Chicago, Illinois 60606

(Name and address of agent for service)

Registrant’s telephone number, including area code: (312) 917-7700

Date of fiscal year end: December 31

Date of reporting period: June 30, 2024

Item 1. Reports to Stockholders.

Closed-End

Funds

Closed-End

Funds

Nuveen

June

30,2024

Semi-Annual

Report

This

semi-annual

report

contains

the

Funds'

unaudited financial

statements.

Nuveen

S&P

500

Buy-Write

Income

Fund

BXMX

Nuveen

Dow

30SM

Dynamic

Overwrite

Fund

DIAX

Nuveen

S&P

500

Dynamic

Overwrite

Fund

SPXX

Nuveen

Nasdaq

100

Dynamic

Overwrite

Fund

QQQX

Nuveen

Core

Equity

Alpha

Fund

JCE

2

IMPORTANT

DISTRIBUTION

NOTICE

for

Shareholders

of

the

Nuveen

S&P

500

Buy-Write

Income

Fund

(BXMX)

Nuveen

Dow

30SM

Dynamic

Overwrite

Fund

(DIAX)

Nuveen

S&P

500

Dynamic

Overwrite

Fund

(SPXX)

Nuveen

Nasdaq

100

Dynamic

Overwrite

Fund

(QQQX)

Nuveen

Core

Equity

Alpha

Fund

(JCE)

Semi-annual

Shareholder

Report

for

the

period

ending

JUNE

30,

2024

The

Nuveen

S&P

500

Buy-Write

Income

Fund

(BXMX),

Nuveen

Dow

30SM

Dynamic

Overwrite

Fund

(DIAX),

Nuveen

S&P

500

Dynamic

Overwrite

Fund

(SPXX),

Nuveen

Nasdaq

100

Dynamic

Overwrite

Fund

(QQQX)

and

Nuveen

Core

Equity

Alpha

Fund

(JCE)

seek

to

offer

attractive

cash

flow

to

their

shareholders,

by

converting

the

expected

long-term

total

return

potential

of

the

Funds’

portfolio

of

investments

into

regular

quarterly

distributions.

Following

is

a

discussion

of

the

Managed

Distribution

Policy

the

Funds

use

to

achieve

this.

Each

Fund

pays

quarterly

common

share

distributions

that

seek

to

convert

the

Fund’s

expected

long-term

total

return

potential

into

regular

cash

flow.

As

a

result,

the

Funds’

regular

common

share

distributions

(presently

$0.2365,

$0.2867,

$0.2940,

$0.4200,

$0.3200

per

share,

respectively)

may

be

derived

from

a

variety

of

sources,

including:

Net

investment

income

consisting

of

regular

interest

and

dividends

Realized

capital

gains

or,

Possibly,

returns

of

capital

representing

in

certain

cases

unrealized

capital

appreciation.

Such

distributions

are

sometimes

referred

to

as

“managed

distributions.”

Each

Fund

seeks

to

establish

a

distribution

rate

that

roughly

corresponds

to

the

Adviser’s

projections

of

the

total

return

that

could

reasonably

be

expected

to

be

generated

by

each

Fund

over

an

extended

period

of

time.

The

Adviser

may

consider

many

factors

when

making

such

projections,

including,

but

not

limited

to,

long-term

historical

returns

for

the

asset

classes

in

which

each

Fund

invests.

As

portfolio

and

market

conditions

change,

the

distribution

amount

and

distribution

rate

on

the

Common

Shares

under

the

Funds’

Managed

Distribution

Policy

could

change.

When

it

pays

a

distribution,

each

Fund

provides

holders

of

its

Common

Shares

a

notice

of

the

estimated

sources

of

the

Fund’s

distributions

(i.e.,

what

percentage

of

the

distributions

is

estimated

to

constitute

ordinary

income,

short-term

capital

gains,

long-term

capital

gains,

and/or

a

non-taxable

return

of

capital)

on

a

year-to-date

basis.

It

does

this

by

posting

the

notice

on

its

website

(www.nuveen.com/cef),

and

by

sending

it

in

written

form.

You

should

not

draw

any

conclusions

about

the

Funds’

investment

performance

from

the

amount

of

this

distribution

or

from

the

terms

of

the

Funds’

Managed

Distribution

Policy.

The

Funds’

actual

financial

performance

will

likely

vary

from

month-to-month

and

from

year-to-year,

and

there

may

be

extended

periods

when

the

distribution

rate

will

exceed

the

Funds’

actual

total

returns.

The

Managed

Distribution

Policy

provides

that

the

Board

may

amend

or

terminate

the

Policy

at

any

time

without

prior

notice

to

Fund

shareholders.

There

are

presently

no

reasonably

foreseeable

circumstances

that

might

cause

each

Fund

to

terminate

its

Managed

Distribution

Policy.

Table

of

Contents

3

Important

Notices

4

Common

Share

Information

5

About

the

Funds’

Benchmarks

7

Fund

Performance

and

Holdings

Summaries

8

Performance

Overview

and

Holding

Summaries

9

Portfolios

of

Investments

19

Statement

of

Assets

and

Liabilities

52

Statement

of

Operations

53

Statement

of

Changes

in

Net

Assets

54

Financial

Highlights

58

Notes

to

Financial

Statements

62

Shareholder

Meeting

Report

73

Additional

Fund

Information

74

Glossary

of

Terms

Used

in

this

Report

75

Statement

Regarding

Basis

for

Approval

of

Investment

Advisory

Contract

76

4

Important

Notices

Portfolio

manager

commentaries:

The

Funds

include

portfolio

manager

commentary

in

their

annual

shareholder

reports.

For

your

Fund’s

most

recent

annual

portfolio

manager

discussion,

please

refer

to

the

Portfolio

Managers’

Comments

section

of

the

Fund’s

annual

shareholder

report.

Fund

changes:

For

changes

that

occurred

to

your

Fund

both

during

and

after

this

reporting

period,

please

refer

to

the

Notes

to

Financial

Statements

section

of

this

report.

Fund

principal

investment

policies

and

principal

risks:

Refer

to

the

Shareholder

Update

section

of

your

Fund’s

annual

shareholder

report

for

information

on

the

Fund’s

principal

investment

policies

and

principal

risks.

Fund

performance:

For

current

information

on

your

Fund’s

average

annual

total

returns

please

refer

to

the

Fund’s

website

at

www.

nuveen.com

.

For

average

annual

total

returns

as

of

the

end

of

this

reporting

period,

please

refer

to

the

Performance

Overview

and

Holding

Summaries

section

within

this

report.

Management

fees:

As

of

May

1,

2024,

each

Fund’s

overall

complex-level

fee

begins

at

a

maximum

rate

of

0.1600%

of

the

Fund’s

average

daily

net

assets,

with

breakpoints

for

eligible

complex-level

assets

above

$124.3

billion.

DIAX,

QQQX

and

SPXX

-

Portfolio

manager

update:

Effective

June

18,

2024,

Lei

Liao

retired

and

is

no

longer

a

portfolio

manager

of

the

Funds.

Additionally,

effective

June

18,

2024,

Nazar

Romanyak,

CFA

has

been

added

as

a

portfolio

manager

of

the

Funds.

Common

Share

Information

5

DISTRIBUTION

INFORMATION

The

following

19(a)

Notice

presents

the

Funds’

most

current

distribution

information

as

of

May

31,

2024

as

required

by

certain

exempted

regulatory

relief

the

Funds

have

received.

Because

the

ultimate

tax

character

of

your

distributions

depends

on

the

Funds’

performance

for

its

entire

fiscal

year

(which

is

the

calendar

year

for

the

Funds)

as

well

as

certain

fiscal

year-end

(FYE)

tax

adjustments,

estimated

distribution

source

information

you

receive

with

each

distribution

may

differ

from

the

tax

information

reported

to

you

on

your

Funds’

IRS

Form

1099

statement.

Each

Fund

makes

regular

cash

distributions

to

shareholders

of

stated

dollar

amount

per

share.

Subject

to

approval

and

oversight

by

the

Board

of

Trustees,

the

Fund

seeks

to

maintain

a

stable

distribution

level

designed

to

deliver

the

long-term

return

potential

of

each

Fund’s

investment

strategy

through

regular

distributions

(a

“Managed

Distribution

Program”).

The

practice

of

maintaining

a

stable

distribution

level

had

no

material

effect

on

each

Fund’s

investment

strategy

during

the

most

recent

fiscal

period

and

is

not

expected

to

have

such

an

effect

in

future

periods,

however,

distributions

in

excess

of

Fund

returns

will

cause

its

NAV

per

share

to

erode.

For

additional

information,

refer

to

the

distribution

information

section

below

and

in

the

Notes

to

Financial

Statements

herein.

COMMON

SHARE

DISTRIBUTION

INFORMATION

–

AS

OF

MAY

31,

2024

This

notice

provides

shareholders

with

information

regarding

fund

distributions,

as

required

by

current

securities

laws.

You

should

not

draw

any

conclusions

about

the

Funds’

investment

performance

from

the

amount

of

this

distribution

or

from

the

terms

of

the

Funds’

Managed

Distribution

Policy.

The

following

table

provides

estimates

of

the

Funds’

distribution

sources,

reflecting

year-to-date

cumulative

experience

through

the

month-end

prior

to

the

latest

distribution.

The

Funds

attribute

these

estimates

equally

to

each

regular

distribution

throughout

the

year.

Consequently,

the

estimated

information

as

of

the

specified

month-end

shown

below

is

for

the

current

distribution,

and

also

represents

an

updated

estimate

for

all

prior

months

in

the

year.

For

all

Funds,

it

is

estimated

that

the

Funds

have

distributed

more

than

their

income

and

net

realized

capital

gains;

therefore,

a

portion

of

the

distributions

may

be

(and

is

shown

below

as

being

estimated

to

be)

a

return

of

capital.

A

return

of

capital

may

occur,

for

example,

when

some

or

all

of

the

money

that

you

invested

in

the

Fund

is

paid

back

to

you.

A

return

of

capital

distribution

does

not

necessarily

reflect

the

Fund’s

investment

performance

and

should

not

be

confused

with

“yield”

or

“income.”

The

amounts

and

sources

of

distributions

set

forth

below

are

only

estimates

and

are

not

being

provided

for

tax

reporting

purposes.

The

actual

amounts

and

sources

of

the

amounts

for

tax

reporting

purposes

will

depend

upon

the

Funds’

investment

experience

during

the

remainder

of

its

fiscal

year

and

may

be

subject

to

changes

based

on

tax

regulations.

Each

Fund

will

send

you

a

Form

1099-DIV

for

the

calendar

year

that

will

tell

you

how

to

report

these

distributions

for

federal

income

tax

purposes.

More

details

about

the

Funds’

distributions

and

the

basis

for

these

estimates

are

available

on

www.nuveen.com/cef.

Data

as

of

May

31,

2024

Per

Share

Estimated

Sources

of

Distribution

1

Estimated

Percentage

of

Distributions

1

Fund

Per

Share

Distribution

Net

Investment

Income

Long-

Term

Gains

Short-

Term

Gains

Return

of

Capital

Net

Investment

Income

Long-

Term

Gains

Short-

Term

Gains

Return

of

Capital

BXMX

(FYE

12/31)

Current

Quarter

$0.2365

$0.0206

$0.0000

$0.0000

$0.2159

8.7%

0.0%

0.0%

91.3%

Fiscal

YTD

$0.4730

$0.0412

$0.0000

$0.0000

$0.4318

8.7%

0.0%

0.0%

91.3%

DIAX

(FYE

12/31)

Current

Quarter

$0.2867

$0.0453

$0.0420

$0.0000

$0.1994

15.8%

14.7%

0.0%

69.5%

Fiscal

YTD

$0.5734

$0.0906

$0.0840

$0.0000

$0.3988

15.8%

14.7%

0.0%

69.5%

SPXX

(FYE

12/31)

Current

Quarter

$0.2940

$0.0213

$0.0000

$0.0000

$0.2727

7.3%

0.0%

0.0%

92.7%

Fiscal

YTD

$0.5880

$0.0427

$0.0000

$0.0000

$0.5453

7.3%

0.0%

0.0%

92.7%

QQQX

(FYE

12/31)

Current

Quarter

$0.4200

$0.0000

$0.0394

$0.0000

$0.3806

0.0%

9.4%

0.0%

90.6%

Fiscal

YTD

$0.8400

$0.0000

$0.0788

$0.0000

$0.7612

0.0%

9.4%

0.0%

90.6%

JCE

(FYE

12/31)

Current

Quarter

$0.3200

$0.0085

$0.0657

$0.1641

$0.0817

2.7%

20.5%

51.3%

25.5%

Fiscal

YTD

$0.6400

$0.0171

$0.1313

$0.3283

$0.1633

2.7%

20.5%

51.3%

25.5%

1

Net

investment

income

(NII)

is

a

projection

through

the

end

of

the

current

calendar

quarter

using

actual

data

through

the

stated

month-end

date

above.

Capital

gain

amounts

are

as

of

the

stated

date

above.

The

estimated

per

share

sources

above

include

an

allocation

of

the

NII

based

on

prior

year

attributions

which

can

be

expected

to

differ

from

the

actual

final

attributions

for

the

current

year.

6

Common

Share

Information

(continued)

The

following

table

provides

information

regarding

the

Funds’

distributions

and

total

return

performance

over

various

time

periods.

This

information

is

intended

to

help

you

better

understand

whether

returns

for

the

specified

time

periods

were

sufficient

to

meet

its

distributions.

NUVEEN

CLOSED-END

FUND

DISTRIBUTION

AMOUNTS

The

Nuveen

Closed-End

Funds’

monthly

and

quarterly

periodic

distributions

to

shareholders

are

posted

on

www.nuveen.com

and

can

be

found

on

Nuveen’s

enhanced

closed-end

fund

resource

page,

which

is

at

https://www.nuveen.com/resource-center-closed-end-funds,

along

with

other

Nuveen

closed-end

fund

product

updates.

To

ensure

timely

access

to

the

latest

information,

shareholders

may

use

a

subscribe

function,

which

can

be

activated

at

this

web

page

(https://www.nuveen.com/subscriptions).

COMMON

SHARE

EQUITY

SHELF

PROGRAMS

During

the

current

reporting

period,

SPXX

and

QQQX

were

authorized

by

the

Securities

and

Exchange

Commission

to

issue

additional

common

shares

through

an

equity

shelf

program

(Shelf

Offering).

Under

these

programs,

the

Funds,

subject

to

market

conditions,

may

raise

additional

capital

from

time

to

time

in

varying

amounts

and

offering

methods

at

a

net

price

at

or

above

each

Fund’s

NAV

per

common

share.

The

maximum

aggregate

offering

under

these

Shelf

Offerings

are

as

shown

in

the

accompanying

table.

COMMON

SHARE

REPURCHASES

The

Funds’

Board

of

Trustees

reauthorized

an

open-market

share

repurchase

program,

allowing

each

Fund

to

repurchase

and

retire

an

aggregate

of

up

to

approximately

10%

of

its

outstanding

common

shares.

During

the

current

reporting

period,

the

Funds

did

not

repurchase

any

of

their

outstanding

common

shares.

 As

of

June

30,

2024,

(and

since

the

inception

of

the

Funds’

repurchase

programs),

each

Fund

has

cumulatively

repurchased

and

retired

its

outstanding

common

shares

as

shown

in

the

accompanying

table.

Data

as

of

May

31,

2024

Annualized

Cumulative

5-Year

Fiscal

YTD

Fiscal

YTD

Fiscal

YTD

Fund

Inception

Date

Quarterly

Distribution

Fiscal

YTD

Distribution

Net

Asset

Value

(NAV)

Return

on

NAV

Dist

Rate

on

NAV

1

Return

on

NAV

Dist

Rate

on

NAV

1

BXMX

Oct-2004

$0.2365

$0.4730

$14.75

9.83%

6.41%

7.52%

3.21%

DIAX

Apr-2005

$0.2867

$0.5734

$16.03

5.53%

7.15%

0.55%

3.58%

SPXX

Nov-2005

$0.2940

$0.5880

$17.36

10.05%

6.77%

8.39%

3.39%

QQQX

Jan-2007

$0.4200

$0.8400

$26.66

12.13%

6.30%

9.74%

3.15%

JCE

Mar-2007

$0.3200

$0.6400

$14.54

11.99%

8.80%

11.93%

4.40%

1

As

a

percentage

of

5/31/2024

NAV.

SPXX

QQQX

Maximum

aggregate

offering

4,993,317

Unlimited

BXMX

DIAX

SPXX

QQQX

JCE

Common

shares

repurchased

and

retired

460,238

0

383,763

0

449,800

Common

shares

authorized

for

repurchase

10,415,000

3,635,000

1,795,000

4,880,000

1,605,000

About

the

Funds’

Benchmarks

7

Chicago

Board

Options

Exchange

(Cboe)

Dow

Jones

Industrial

Average

(DJIA)

BuyWrite

Index

(BXD

SM

):

An

index

designed

to

measure

the

performance

of

a

hypothetical

buy-write

strategy

on

the

Dow

Jones

Industrial

Average.

Index

returns

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges

or

management

fees.

Chicago

Board

Options

Exchange

(Cboe)

Nasdaq

100

BuyWrite

Index

(BXN

SM

):

An

index

designed

to

measure

the

performance

of

a

hypothetical

buy-write

strategy

on

the

Nasdaq

100®

Index.

Index

returns

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges

or

management

fees.

Chicago

Board

Options

Exchange

(Cboe)

S&P

500

®

BuyWrite

Index

(BXM

SM

):

An

index

designed

to

measure

the

performance

of

a

hypothetical

buy-write

strategy

on

the

S&P

500®

Index.

Index

returns

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges

or

management

fees.

DIAX

Blended

Benchmark:

Consists

of:

1)

55%

Chicago

Board

Options

Exchange

(Cboe)

DJIA

BuyWrite

Index

(BXD

SM

)

(defined

herein),

and

2)

45%

Dow

Jones

Industrial

Average

Index

(DJIA)

(defined

herein).

Index

returns

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges

or

management

fees.

Dow

Jones

Industrial

Average

Index

(DJIA):

An

index

designed

to

measure

the

performance

of

30

actively

traded

U.S.

large

cap

stocks.

Index

returns

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges

or

management

fees.

JCE

Blended

Benchmark:

Consists

of:

1)

50%

S&P

500®

Index

(defined

herein),

and

2)

50%

Chicago

Board

Options

Exchange

(Cboe)

S&P

500®

BuyWrite

Index

(BXM

SM

)

(defined

herein).

Index

returns

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges

or

management

fees.

Nasdaq

100

®

Index:

An

index

that

includes

100

of

the

largest

domestic

and

international

non-financial

equity

securities

listed

on

the

Nasdaq

Stock

Market

based

on

market

capitalization.

Index

returns

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges

or

management

fees.

QQQX

Blended

Benchmark:

Consists

of:

1)

55%

Chicago

Board

Options

Exchange

(Cboe)

Nasdaq

100

BuyWrite

Index

(BXN

SM

)

(defined

herein),

and

2)

45%

Nasdaq

100®

Index

(defined

herein).

Index

returns

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges

or

management

fees.

S&P

500

®

Index:

An

index

generally

considered

representative

of

the

U.S.

equity

market.

The

index

includes

500

leading

companies

and

covers

approximately

80%

of

available

market

capitalization.

Index

returns

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges

or

management

fees.

SPXX

Blended

Benchmark:

Consists

of:

1)

55%

Chicago

Board

Options

Exchange

(Cboe)

S&P

500®

BuyWrite

Index

(BXM

SM

)

(defined

herein),

and

2)

45%

S&P

500®

Index

(defined

herein).

Index

returns

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges

or

management

fees.

8

Fund

Performance

and

Holdings

Summaries

The

Fund

Performance

and

Holding

Summaries

for

each

Fund

are

shown

below

within

this

section

of

the

report.

Fund

Performance

Performance

data

for

each

Fund

shown

below

represents

past

performance

and

does

not

predict

or

guarantee

future

results

.

Current

performance

may

be

higher

or

lower

than

the

data

shown.

Returns

do

not

reflect

the

deduction

of

taxes

that

shareholders

may

have

to

pay

on

Fund

distributions

or

upon

the

sale

of

Fund

shares.

Returns

at

NAV

are

net

of

Fund

expenses,

and

assume

reinvestment

of

distributions.

Comparative

index

return

information

is

provided

for

the

Fund’s

shares

at

NAV

only.

Indexes

are

not

available

for

direct

investment.

Total

returns

for

a

period

of

less

than

one

year

are

not

annualized

(i.e.

cumulative

returns).

Since

inception

returns

are

shown

for

share

classes

that

have

less

than

10-years

of

performance.

For

performance,

current

to

the

most

recent

month-end

visit

Nuveen.com

or

call

(800)

257-8787.

Holding

Summaries

The

Holdings

Summaries

data

relates

to

the

securities

held

in

each

Fund’s

portfolio

of

investments

as

of

the

end

of

this

reporting

period.

It

should

not

be

construed

as

a

measure

of

performance

for

the

Fund

itself.

Holdings

are

subject

to

change.

Refer

to

the

Fund’s

Portfolio

of

Investments

for

individual

security

information.

Nuveen

S&P

500

Buy-Write

Income

Fund

Fund

Performance

and

Holdings

Summaries

June

30,

2024

9

BXMX

Performance*

*For

purposes

of

Fund

performance,

relative

results

are

measured

against

the

Cboe

S&P

500

®

BuyWrite

Index

(BXM

SM

).

Daily

Common

Share

NAV

and

Share

Price

Total

Returns

as

of

June

30,

2024

Cumulative

Average

Annual

Inception

Date

6-Month

1-Year

5-Year

10-Year

BXMX

at

Common

Share

NAV

10/26/04

9.68%

14.99%

9.35%

7.81%

BXMX

at

Common

Share

Price

10/26/04

8.99%

8.53%

7.58%

7.72%

Cboe

S&P

500®

BuyWrite

Index

(BXMSM)

—

7.59%

8.91%

5.56%

5.77%

Common

Share

NAV

Common

Share

Price

Premium/(Discount)

to

NAV

Average

Premium/(Discount)

to

NAV

$14.81

$13.50

(8.85)%

(9.95)%

10

Holdings

Fund

Allocation

(%

of

net

assets)

Common

Stocks

99.4‌%

Investments

Purchased

with

Collateral

from

Securities

Lending

0.0‌%

Repurchase

Agreements

2.2‌%

Other

Assets

&

Liabilities,

Net

(1.6)%

Net

Assets

100‌%

Portfolio

Composition

(%

of

total

investments)

Semiconductors

&

Semiconductor

Equipment

12.0%

Software

&

Services

11.4%

Media

&

Entertainment

8.5%

Technology

Hardware

&

Equipment

7.9%

Financial

Services

7.8%

Pharmaceuticals,

Biotechnology

&

Life

Sciences

6.8%

Consumer

Discretionary

Distribution

&

Retail

5.7%

Capital

Goods

5.6%

Health

Care

Equipment

&

Services

4.6%

Energy

3.5%

Banks

3.3%

Food,

Beverage

&

Tobacco

2.5%

Utilities

2.1%

Materials

2.1%

Consumer

Staples

Distribution

&

Retail

2.0%

Insurance

2.0%

Equity

Real

Estate

Investment

Trusts

(REITs)

1.7%

Commercial

&

Professional

Services

1.6%

Automobiles

&

Components

1.4%

Household

&

Personal

Products

1.3%

Consumer

Services

1.3%

Transportation

1.1%

Consumer

Durables

&

Apparel

0.9%

Telecommunication

Services

0.7%

Investments

Purchased

with

Collateral

from

Securities

Lending

0.0%

Repurchase

Agreements

2.2%

Total

100%

Top

Five

Common

Stock

Holdings

(%

of

net

assets)

Microsoft

Corp

7.6%

Apple

Inc

6.8%

NVIDIA

Corp

6.7%

Amazon.com

Inc

4.0%

Alphabet

Inc,

Class

A

2.6%

Nuveen

Dow

30SM

Dynamic

Overwrite

Fund

Fund

Performance

and

Holdings

Summaries

June

30,

2024

11

DIAX

Performance*

*

For

purposes

of

Fund

performance,

relative

results

are

measured

against

the

DIAX

Blended

Benchmark.

The

Fund’s

Blended

Benchmark

consists

of:

1)

55%

Chicago

Board

Options

Exchange

(

Cboe

)

DJIA

BuyWrite

Index

(BXD

SM

)

and

2)

45%

Dow

Jones

Indus-

trial

Average

Index

(DJIA).

Daily

Common

Share

NAV

and

Share

Price

Total

Returns

as

of

June

30,

2024

Cumulative

Average

Annual

Inception

Date

6-Month

1-Year

5-Year

10-Year

DIAX

at

Common

Share

NAV

4/29/05

1.22%

7.75%

4.52%

6.47%

DIAX

at

Common

Share

Price

4/29/05

4.12%

7.61%

2.91%

5.99%

Dow

Jones

Industrial

Average

Index

(DJIA)

—

4.79%

16.02%

10.33%

11.30%

DIAX

Blended

Benchmark

—

4.30%

11.09%

7.62%

8.09%

Common

Share

NAV

Common

Share

Price

Premium/(Discount)

to

NAV

Average

Premium/(Discount)

to

NAV

$15.85

$14.01

(11.61)%

(12.32)%

12

Holdings

Fund

Allocation

(%

of

net

assets)

Common

Stocks

98.9‌%

Exchange-Traded

Funds

1.5‌%

Repurchase

Agreements

1.9‌%

Other

Assets

&

Liabilities,

Net

(2.3)%

Net

Assets

100‌%

Portfolio

Composition

1

(%

of

total

investments)

Financial

Services

15.4%

Software

&

Services

14.2%

Capital

Goods

13.5%

Pharmaceuticals,

Biotechnology

&

Life

Sciences

9.4%

Consumer

Discretionary

Distribution

&

Retail

8.7%

Health

Care

Equipment

&

Services

8.3%

Technology

Hardware

&

Equipment

4.2%

Consumer

Services

4.1%

Insurance

3.3%

Banks

3.3%

Household

&

Personal

Products

2.7%

Energy

2.5%

Media

&

Entertainment

1.6%

Other

5.4%

Exchange-Traded

Funds

1.5%

Repurchase

Agreements

1.9%

Total

Investments

100%

Top

Five

Common

Stock

Holdings

(%

of

net

assets)

UnitedHealth

Group

Inc

8.5%

Goldman

Sachs

Group

Inc/The

7.5%

Microsoft

Corp

7.4%

Home

Depot

Inc/The

5.7%

Caterpillar

Inc

5.5%

1

See

the

Portfolio

of

Investments

for

the

remaining

industries/sectors

comprising  “Other”

and

not

listed

in

the

table

above.

Nuveen

S&P

500

Dynamic

Overwrite

Fund

Fund

Performance

and

Holdings

Summaries

June

30,

2024

13

SPXX