Nuveen Long/Short Commodity Total Return Fund (CTF)
Nuveen Long/Short Commodity Total Return Fund (“Fund” or “CTF”) is an actively managed long/short commodity pool which trades on the NYSE MKT under the symbol CTF. The Fund invests directly in a fully collateralized, diverse portfolio of exchange-traded commodity futures and options contracts in the energy, agriculture, metals and livestock sectors and seeks to capitalize on opportunities in both up and down commodity markets.
The Fund seeks to outperform its benchmark, the Morningstar® Long/Short Commodity IndexSM. This index tracks the historical total return performance of a diverse portfolio of commodity futures, which may be invested long, short or flat, and is comprised of 20 different commodities as of August 31, 2012. The Fund is not sponsored, endorsed, sold or promoted by Morningstar, and Morningstar makes no representation regarding the advisability of investing in it.
Gresham Investment Management LLC, an affiliate of Nuveen Investments, is the Fund’s commodity subadvisor and will manage the Fund’s commodity investments. Nuveen Asset Management, LLC, an affiliate of Nuveen Investments, serves as the Fund’s collateral subadvisor. Nuveen Commodities Asset Management, LLC, a wholly-owned subsidiary of Nuveen Investments, is the manager of the Fund and will be responsible for determining the Fund’s overall investment strategy and its implementation.
The Fund is not a mutual fund, a closed-end fund, or any other type of “investment company” within the meaning of the Investment Company Act of 1940, as amended (the “1940 Act”), and is not subject to regulation under the 1940 Act nor are investors afforded the protections thereunder.
The Fund raised $540 million in its initial public offering, assuming full exercise of the underwriters’ option to purchase additional shares, which may not occur. The Fund offered its shares through a group of underwriters led by Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, UBS Securities LLC, and Nuveen Securities, LLC.
A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This website shall not constitute an offer to sell or the solicitation of an offer to buy any of the offered shares, nor shall there be any sale of such shares in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction. The offering is being made solely by means of a prospectus.
A copy of the final prospectus related to the offering has been filed with the Securities and Exchange Commission and can be obtained by contacting your securities representative or Nuveen Securities, LLC, 333 W. Wacker Drive, Chicago, IL 60606. Investors should read the prospectus carefully before they invest or send money.
This website contains forward-looking statements, including statements related to the Fund’s initial public offering and the expected use of those net proceeds, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. For a discussion of these and other factors that could affect the Fund's future results, performance or transactions, see the section entitled "Risk Factors" in the Fund's final prospectus relating to its initial public offering, and other risks described in documents subsequently filed by the fund from time to time with the Securities and Exchange Commission.