3 / 5 Stars
5 5 3 3 2
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 109 Long/Short Equity Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 20.56 percent over the past year, 9.95 percent over the past three years, and 13.53 percent over the past five years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-3.5%|
|3 Years (Annualized)||9.9%|
|5 Years (Annualized)||13.5%|
|10 Years (Annualized)||N/A|
The investment seeks long-term capital appreciation with low correlation to the U.S. equity market. Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes (including assets acquired through the fund's short sales) in equity securities. Substantially all of the equity securities in which the fund takes long and short positions will be included in its benchmark index, the Russell 1000 Index, at the time the position is taken. As a result, the fund will invest significantly in large capitalization companies.
Fees are Above Average compared to funds in the same category.
Nuveen Equity Long/Short Fund has an expense ratio of 1.62 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.