# Nuveen Equity Long/Short Fund (NELCX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/nelcx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Nuveen · Asset class: Equity - Strategy: Passive Index · Inception: 2013-06-26 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. ## Key Facts | Metric | Value | |---|---| | Price | $55.06 | | Expense Ratio | 2.91% | | AUM (All Share Classes) | $153.8M | | NAV | $55.06 (2026-11-06 close) | | Holdings Count | — | | Distribution Yield (TTM) | 3.34% | | Annual Distribution (TTM) | $1.84 /share | | Distribution Frequency | Irregular | | 52-Week Range | $51.75 – $59.44 | | Beta | 0.73 | ## Latest Distribution - Amount: $0.0588 /share - Ex-date: 2025-12-30 - Pay date: 2025-12-31 ## Frequently Asked Questions ### 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. ### Does NELCX pay a dividend? Nuveen Equity Long/Short Fund (NELCX) currently distributes little or no income. Trailing-twelve-month yield is 3.34%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does NELCX pay dividends? Nuveen Equity Long/Short Fund pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is NELCX's dividend yield? NELCX's trailing-twelve-month yield is 3.34%, calculated from the sum of dividends over the past year divided by the current price. ### When is NELCX's next ex-dividend date? The most recently announced ex-dividend date for NELCX was 2025-12-30. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will NELCX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 2.91% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does NELCX charge its expense ratio? The expense ratio is deducted in tiny daily slices from NELCX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does NELCX cost more than a fund like VOO? NELCX is a passive index fund (current expense ratio 2.91%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to NELCX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as NELCX (2.91%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/nelcx - Distribution history: https://www.dividenddata.com/funds/nelcx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/nelcx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/nelcx/expenses - Peer comparison: https://www.dividenddata.com/funds/nelcx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.