Form 424B3 - Prospectus [Rule 424(b)(3)]

 

Nuveen S&P 500 Dynamic Overwrite Fund (NASDAQ: SPXX)

(the “Fund”)

 

Supplement Dated June 18, 2024

to the Fund’s Currently Effective Prospectus

 

Effective June 18, 2024, Lei Liao has retired and is no longer a portfolio manager of the Fund. Therefore, all references to Mr. Liao are hereby removed from the Fund’s Prospectus.

 

Effective June 18, 2024, Nazar Romanyak has been added to the portfolio management team of the Fund. The following information is hereby added under the heading “Management of the Fund – Investment Adviser, Sub-Adviser, and Portfolio Managers—Portfolio Management” of the Prospectus:

 

“Nazar Romanyak is a portfolio manager for Nuveen’s equity strategies and has held various roles related to portfolio management of domestic and international large-, mid- and small-cap equity index and ESG portfolios for Teachers Advisors, LLC, TIAA-CREF Investment Management, LLC and other advisory affiliates of TIAA since 2013.”

 

 

PLEASE KEEP THIS WITH YOUR

FUND’S PROSPECTUS FOR FUTURE REFERENCE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EGN-SPXXP-0624P

 

Nuveen S&P 500 Dynamic Overwrite Fund (NASDAQ: SPXX)

(the “Fund”)

 

Supplement Dated June 18, 2024

to the Fund’s Currently Effective

Statement of Additional Information (“SAI”)

 

Effective June 18, 2024, Lei Liao has retired and is no longer a portfolio manager of the Fund. Therefore, all references to Mr. Liao are hereby removed from the Fund’s SAI.

 

Effective June 18, 2024, Nazar Romanyak has been added to the portfolio management team of the Fund. The following information is hereby added under the heading “Investment Adviser, Sub-Adviser and Portfolio Managers—Portfolio Managers” of the SAI:

 

“Nazar Romanyak is a portfolio manager for Nuveen’s equity strategies and has held various roles related to portfolio management of domestic and international large-, mid- and small-cap equity index and ESG portfolios for Teachers Advisors, LLC, TIAA-CREF Investment Management, LLC and other advisory affiliates of TIAA since 2013.”

 

The following information is hereby added under the heading “Investment Adviser, Sub-Adviser and Portfolio Managers—Portfolio Managers—Other Accounts Managed” of the SAI:

 

Portfolio Manager		Type of Account Managed		Number of Accounts				Assets*
Nazar Romanyak		Registered Investment Company			27			$	170.184 million
		Other Pooled Investment Vehicles			6			$	3.637 million
		Other Accounts			6			$	1.824 million

 

The following information is hereby added under the heading “Investment Adviser, Sub-Adviser and Portfolio Managers—Portfolio Managers—Fund Shares Owned by the Portfolio Managers” of the SAI:

 

Portfolio Manager			Dollar Range of Equity Securities Beneficially Owned in the Fund
Nazar Romanyak			None

 

 

 

PLEASE KEEP THIS WITH YOUR

FUND’S SAI FOR FUTURE REFERENCE

 

 

 

 

EGN-SPXXS-0624P

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