Nuveen Equity Long/Short Fund

Frequently Asked Questions About NELCX

What does NELCX invest in?

The fund seeks to achieve its investment objectives by employing a long/short strategy across a diverse portfolio of equities. Its holdings, both long and short, will consist almost entirely of securities found within its benchmark, the Russell 1000 Index, at the point of initial investment. Consequently, the fund’s investments are heavily concentrated in large-capitalization companies.

What is the expense ratio of NELCX?

Nuveen Equity Long/Short Fund (NELCX) charges an expense ratio of 2.91%. This is the annual fee deducted from fund assets to cover management and operations.

How big is NELCX?

Nuveen Equity Long/Short Fund (NELCX) is one share class of a fund that manages $153.8M across all of its share classes (NELAX, NELIX report the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is NELCX actively managed or an index fund?

NELCX is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (NELCX's is 2.91%) because there's no security selection cost.

When was NELCX launched?

Nuveen Equity Long/Short Fund (NELCX) launched in June 2013 and is managed by Nuveen.

How has NELCX performed?

NELCX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.