Nuveen declares quarterly distribution on Funds
- BySeeking Alpha
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Nuveen Core Equity Alpha Fund (the Fund) is a diversified closed-end management investment fund. The Fund's investment objective is to provide an attractive level of total return primarily through long term capital appreciation and secondarily through income and gains. It will invest in a portfolio of common stocks selected from among the 500 stocks comprising the S&P 500 Index, using a mathematical process designed by INTECH Investment Management LLC (INTECH) to select large cap, core equity securities and will also employ risk reduction techniques. The Fund's equity portfolio will hold 150-450 stocks included in the S&P 500 Index. It has investments in a range of sectors, including semiconductors & equipment, oil, gas & consumable fuels, aerospace & defense, insurance, software, multi-utilities, technology hardware, storage & peripherals and IT services. The Fund's investment advisor is Nuveen Fund Advisors, LLC. Its sub-advisors include INTECH and Nuveen Asset Management, LLC.