Mutual Funds


Nuveen Equity Long/Short Fund

Fund Description

The Fund establishes long and short positions primarily in large-capitalization stocks of U.S. companies. The strategy seeks long-term capital appreciation through balancing quantitative analysis with fundamental research in constructing a portfolio of securities of companies that we believe to have above-average growth potential at attractive prices.

Who Should Invest

For investors who are seeking:
  • Long-term capital appreciation potential from stocks of established companies
  • To increase return potential and are willing to accept a greater degree of risk associated with short selling strateg
  • Low correlation to U.S. equities market

Fund Basics - A Shares

Fund SymbolNELAX
Fund Cusip67065W183
Inception Date12/30/2008
Latest NAV as of 7/31/2015$33.71

Morningstar Ratings: A Shares

As of date: 6/30/2015 Category: Long/Short Equity

 Number of FundsRatingsLoad Waived Ratings
3 year175
5 year96

Morningstar ratings may vary among share classes and are based on historical risk-adjusted total returns, which are not indicative of future results. The fund may have experienced negative returns over the time periods rated.

View Nuveen's 4-and 5-Star Funds

Portfolio Managers

Robert C. Doll, CFA

Robert C. Doll, CFA
35 years investment experience
Managed fund since 2013

Tony Burger, CFA

Tony Burger, CFA
21 years investment experience
Managed fund since 2013

Scott Tonneson, CFA

Scott Tonneson, CFA
21 years investment experience
Managed fund since 2013

Average Annual Total Returns: A Shares

as of date: 6/30/2015

Sales Charge
Sales Charge
YTD - 07/30/2015 -5.55%0.21%
1 Month -6.68%-0.97%
3 Month -4.42%1.42%
6 Month -5.95%-0.21%
1 Year 2.85%9.13%
3 Year 10.88%13.10%
5 Year 11.39%12.71%
Since Inception 10.69%11.70%

Expense Ratios: A Shares

Updated annually

Total Annual Fund Operating Expenses4.24%
Total Net Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursement3.46%
Net Expenses Excluding Dividends on Securities Sold Short Expense and Prime Brokerage Expense1.62%
Large Cap Equity Series

A Word On Risk

Mutual fund investing involves risk; principal loss is possible. There is no guarantee the Fund’s investment objectives will be achieved. Prices of equity securities may change significantly over short or extended periods of time. The Fund sells securities that it has borrowed but does not own (“short sales”), which is a speculative technique. The Fund will suffer a loss when the price of a security that it holds long decreases or the price of a security that it has sold short increases. Losses on short sales arise from increases in the value of the security sold short, and therefore are theoretically unlimited. Because the Fund invests in both long and short equity positions, the Fund has overall exposure to changes in value of equity securities that is far greater than its net asset value. This may magnify gains and losses and increase the volatility of the Fund’s returns. In addition, the use of short sales will increase the Fund’s expenses. More information on these risks considerations, as well as information on other risks to which the Fund is subject, such as frequent trading, futures contract, and large cap stock risks, are included in the Fund’s prospectus.

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