Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
8.4%
1 yr return
32.3%
3 Yr Avg Return
9.6%
5 Yr Avg Return
9.8%
Net Assets
$118 M
Holdings in Top 10
24.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.42%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 200.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$3,000
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
NELAX - Profile
Distributions
- YTD Total Return 8.4%
- 3 Yr Annualized Total Return 9.6%
- 5 Yr Annualized Total Return 9.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.91%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameNuveen Equity Long/Short Fund
-
Fund Family NameNuveen Funds
-
Inception DateJun 20, 2013
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerScott Tonneson
Fund Description
NELAX - Performance
Return Ranking - Trailing
Period | NELAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.4% | -10.3% | 17.3% | 27.49% |
1 Yr | 32.3% | -13.1% | 44.0% | 9.36% |
3 Yr | 9.6%* | -21.2% | 30.6% | 16.56% |
5 Yr | 9.8%* | -4.2% | 25.2% | 18.12% |
10 Yr | 7.8%* | -4.2% | 9.9% | 6.06% |
* Annualized
Return Ranking - Calendar
Period | NELAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 19.1% | -17.3% | 43.8% | 8.19% |
2022 | -20.8% | -54.0% | 17.4% | 87.18% |
2021 | 29.3% | -40.0% | 54.1% | 8.00% |
2020 | -1.0% | -47.6% | 88.4% | 73.61% |
2019 | 6.1% | -20.3% | 62.6% | 72.06% |
Total Return Ranking - Trailing
Period | NELAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.4% | -10.3% | 17.3% | 27.49% |
1 Yr | 32.3% | -13.1% | 44.0% | 9.36% |
3 Yr | 9.6%* | -21.2% | 30.6% | 16.56% |
5 Yr | 9.8%* | -4.2% | 25.2% | 18.12% |
10 Yr | 7.8%* | -4.2% | 9.9% | 6.06% |
* Annualized
Total Return Ranking - Calendar
Period | NELAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 23.8% | -14.5% | 43.8% | 9.36% |
2022 | -15.2% | -54.0% | 50.3% | 84.62% |
2021 | 32.6% | -40.0% | 61.6% | 6.67% |
2020 | -1.0% | -29.9% | 91.0% | 82.64% |
2019 | 6.1% | -17.9% | 79.4% | 76.47% |
NAV & Total Return History
NELAX - Holdings
Concentration Analysis
NELAX | Category Low | Category High | NELAX % Rank | |
---|---|---|---|---|
Net Assets | 118 M | 1.04 M | 6.15 B | 40.70% |
Number of Holdings | 194 | 2 | 1788 | 35.50% |
Net Assets in Top 10 | 26.6 M | 474 K | 1.98 B | 63.31% |
Weighting of Top 10 | 24.86% | 0.4% | 101.9% | 82.25% |
Top 10 Holdings
- Microsoft Corp 4.88%
- Apple Inc 4.20%
- Alphabet Inc 2.89%
- Amazon.com Inc 2.77%
- NVIDIA Corp 2.29%
- JPMorgan Chase Co 1.76%
- Fixed Income Clearing Corp (FICC) 1.76%
- Meta Platforms Inc 1.66%
- Costco Wholesale Corp 1.33%
- Intel Corp 1.31%
Asset Allocation
Weighting | Return Low | Return High | NELAX % Rank | |
---|---|---|---|---|
Stocks | 69.93% | 0.00% | 102.24% | 46.15% |
Cash | 28.32% | 0.00% | 102.08% | 46.15% |
Other | 1.75% | -45.12% | 99.51% | 18.34% |
Preferred Stocks | 0.00% | 0.00% | 8.72% | 47.34% |
Convertible Bonds | 0.00% | -0.02% | 4.48% | 36.81% |
Bonds | 0.00% | 0.00% | 95.60% | 52.66% |
Stock Sector Breakdown
Weighting | Return Low | Return High | NELAX % Rank | |
---|---|---|---|---|
Technology | 24.19% | 0.00% | 43.24% | 16.90% |
Consumer Cyclical | 15.39% | 0.00% | 88.83% | 9.15% |
Healthcare | 15.35% | 0.00% | 100.00% | 40.85% |
Financial Services | 9.05% | 0.00% | 83.83% | 76.76% |
Consumer Defense | 7.51% | 0.00% | 33.38% | 28.17% |
Communication Services | 7.45% | 0.00% | 32.32% | 44.37% |
Industrials | 7.43% | 0.00% | 31.93% | 68.31% |
Utilities | 4.94% | 0.00% | 21.71% | 17.61% |
Basic Materials | 3.25% | 0.00% | 28.58% | 47.89% |
Real Estate | 2.93% | 0.00% | 10.93% | 27.46% |
Energy | 2.52% | 0.00% | 32.57% | 62.68% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | NELAX % Rank | |
---|---|---|---|---|
US | 69.93% | 0.00% | 102.24% | 40.24% |
Non US | 0.00% | -3.09% | 67.69% | 48.52% |
NELAX - Expenses
Operational Fees
NELAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.42% | 0.42% | 8.51% | 35.47% |
Management Fee | 1.26% | 0.00% | 2.50% | 65.12% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 40.00% |
Administrative Fee | N/A | 0.03% | 1.54% | N/A |
Sales Fees
NELAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 2.50% | 5.75% | 19.23% |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
NELAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | 3.13% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
NELAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 200.00% | 0.00% | 479.00% | 71.85% |
NELAX - Distributions
Dividend Yield Analysis
NELAX | Category Low | Category High | NELAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 26.99% | 19.88% |
Dividend Distribution Analysis
NELAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Quarterly | Annual |
Net Income Ratio Analysis
NELAX | Category Low | Category High | NELAX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.91% | -3.33% | 2.16% | 56.47% |
Capital Gain Distribution Analysis
NELAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
NELAX - Fund Manager Analysis
Managers
Scott Tonneson
Start Date
Tenure
Tenure Rank
Feb 13, 2013
9.3
9.3%
Scott is the co-manager of the Mid Cap Core Strategy and related institutional portfolios. He joined the Mid Cap Core management team in 2012. Scott began working in the financial services industry in 1994 and joined the firm in 2007. Prior to his current portfolio management role, he was a senior equity research analyst responsible for building quantitative models to deliver relevant data to the equity portfolio teams. Previously, he worked at Ameriprise Financial as a quantitative equity analyst, business analyst, and account analyst. Scott received a B.A. in accounting from the University of St. Thomas and an M.B.A. from the University of Minnesota’s Carlson School of Management. He also holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the Chicago Quantitative Alliance.
David Chalupnik
Start Date
Tenure
Tenure Rank
Mar 03, 2021
1.24
1.2%
David oversees all portfolio management activities for Nuveen’s actively managed U.S. equities strategies. He is the lead portfolio manager for several core and value-focused equities strategies and related institutional portfolios. David also manages several Santa Barbara Asset Management Dividend Growth strategies. Prior to joining the firm in 2002, David served as chief investment officer for Duff & Phelps Investment Management Company. David was also head of the equity investment division of Allstate Insurance Company. He began working in the investment industry in 1984. David graduated with a B.S. in Commerce and an M.B.A. from DePaul University. He holds the CFA® designation and is a member of the CFA® Institute.
Claire Ross
Start Date
Tenure
Tenure Rank
Jun 01, 2021
1.0
1.0%
Claire L. Ross is a Managing Director and Co-Head of Active Equity Research at Nuveen Asset Management, LLC. Ms. Ross joined TIAA and Nuveen in 2014 and was appointed Associate Director of Equity Research in 2019. Prior to joining TIAA, Ms. Ross worked at Surveyor Capital, a division of Citadel. Ms. Ross started her career as a research analyst at Goldman Sachs.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 23.55 | 6.05 | 7.93 |