Fund Description: Nuveen Core Equity Alpha Fund is an exchange-traded closed-end fund or a closed-end ETF which is officially described in its prospectus as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Fund’s investment objective is to provide an attractive level of total return. FUND STRATEGY: The Fund seeks to achieve its investment objective primarily through long-term capital appreciation and secondarily through income and gains. The Fund will invest in a portfolio of common stocks selected from among the 500 stocks comprising the S&P 500 Index employing a proprietary mathematical process that seeks to produce risk-adjusted excess returns over the Index (commonly referred to as “alpha”) over extended periods of time with an equal or lesser amount of relative investment risk compared to the Index. In addition, to seek to enhance the Fund’s risk-adjusted returns through a meaningful reduction in the volatility of the Fund’s returns relative to the returns of the Index over extended periods of time, the Fund will, to a limited extent, write (sell) call options primarily on custom baskets of securities. FUND MANAGEMENT: Nuveen Asset Management, the Fund’s investment adviser, will be responsible for managing the Fund’s overall strategy and operations, implementing the option strategy and overseeing the subadviser’s implementation of its investment process on behalf of the Fund. Enhanced Investment Technologies, LLC, the Fund’s subadviser, will be responsible for investing the Fund’s managed assets invested in common stocks.