Nuveen Equity Long/Short Fund Class I

Frequently Asked Questions About NELIX

What does NELIX invest in?

The fund's core objective is to generate substantial capital appreciation over an extended period, specifically seeking low correlation with the overall U.S. equity market. It pursues this goal by establishing a diversified portfolio of equity securities, utilizing both long (buying) and short (selling borrowed) positions. A key characteristic is that nearly all the stocks held, whether long or short, will be components of the Russell 1000 Index – its benchmark – at the moment the investment is made. This strategy naturally leads to a significant allocation towards large-capitalization enterprises.

What is the expense ratio of NELIX?

Nuveen Equity Long/Short Fund Class I (NELIX) charges an expense ratio of 1.91%. This is the annual fee deducted from fund assets to cover management and operations.

How big is NELIX?

Nuveen Equity Long/Short Fund Class I (NELIX) manages $155.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is NELIX actively managed or an index fund?

NELIX 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 (NELIX's is 1.91%) because there's no security selection cost.

When was NELIX launched?

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

How has NELIX performed?

NELIX'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.