Is Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Asset Management | ✗ NOT HALAL | |||
| DJIM | Excluded — Asset Management | ✗ NOT HALAL | |||
| MSCI | Excluded — Asset Management | ✗ NOT HALAL | |||
| S&P | Excluded — Asset Management | ✗ NOT HALAL | |||
| FTSE | Excluded — Asset Management | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | 22.1% | |
| Net Margin | 1004.8% | |
| Return on Equity (ROE) | 11.8% | |
| Return on Assets (ROA) | 0.1% |
Cash Flow & Balance Sheet
| Debt-to-Equity | 0.2 |
| Current Ratio | 0.5 |
| Total Assets | $332M |
Price & Trading
| Last Close | $16.25 |
| 50-Day MA | $17.49 |
| 200-Day MA | $17.69 |
| Avg Volume | 56K |
| Beta | 0.8 |
|
52-Week Range
$14.33
| |
About Nuveen S&P 500 Dynamic Overwrite Fund (SPXX)
Nuveen S&P 500 Dynamic Overwrite Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in stocks of large cap companies. The fund also invests through financial derivatives such as call options. It seeks to replicate the performance of the S&P 500 Index. The fund was formerly known as Nuveen Equity Premium and Growth Fund. Nuveen S&P 500 Dynamic Overwrite Fund was formed on November 11, 2004 and is domiciled in the United States.
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Frequently Asked Questions
Is Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Nuveen S&P 500 Dynamic Overwrite Fund is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Nuveen S&P 500 Dynamic Overwrite Fund's debt ratio?
Nuveen S&P 500 Dynamic Overwrite Fund's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Nuveen S&P 500 Dynamic Overwrite Fund's key financial metrics?
Nuveen S&P 500 Dynamic Overwrite Fund has a market capitalization of $287M, trailing P/E ratio of 7.1, and revenue of $61M. The company maintains a gross margin of 100.0% and a net margin of 1004.8%. Return on equity stands at 11.8%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.