Nuveen Equity Long/Short Fund

U.S. News evaluated 110 Long/Short Equity Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

See all Nuveen funds

See full Long/Short Equity rankings

See more fund rankings

Performance

The fund has returned 17.83 percent over the past year, 8.89 percent over the past three years, and 14.71 percent over the past five years.

Trailing Returns Updated 03.31.2014
Year to date -1.6%
1 Year 17.8%
3 Years (Annualized) 8.9%
5 Years (Annualized) 14.7%
10 Years (Annualized) N/A

See more NELCX performance

Summary

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

Fees are High compared to funds in the same category.
Nuveen Equity Long/Short Fund has an expense ratio of 2.35 percent.

See more NELCX fees

Risk

Risk is Above Average compared to funds in the same category according to Morningstar.

See more NELCX risk