Nuveen Equity Long/Short Fund (NELIX)
The investment seeks long-term capital appreciation with low correlation to the U.S. equity market. The fund pursues its investment objective by establishing long and short positions in a diversified portfolio of equity securities. Substantially all of the equity securities in which the fund takes long and short positions will be included in the fund's benchmark index, the Russell 1000 Index, at the time the position is taken. As a result, the fund will invest significantly in large-capitalization companies.
Fund Info
| ISIN | US67065W1678 |
|---|---|
| Issuer | Nuveen |
| Inception Date | Dec 29, 2008 |
| Category | Long-Short |
| Min. Investment | $100,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
NELIX has a high expense ratio of 1.35%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Nuveen Equity Long/Short Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Nuveen Equity Long/Short Fund had a return of 9.53% year-to-date (YTD) and 27.63% in the last 12 months. Over the past 10 years, Nuveen Equity Long/Short Fund had an annualized return of 8.16%, while the S&P 500 had an annualized return of 10.99%, indicating that Nuveen Equity Long/Short Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.53% | 11.18% |
| 1 month | 3.70% | 5.60% |
| 6 months | 13.52% | 17.48% |
| 1 year | 27.63% | 26.33% |
| 5 years (annualized) | 10.10% | 13.16% |
| 10 years (annualized) | 8.16% | 10.99% |
Monthly Returns
The table below presents the monthly returns of NELIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.42% | 4.08% | 3.00% | -3.02% | 9.53% | ||||||||
| 2023 | 2.60% | -2.00% | 3.30% | 1.44% | 1.22% | 6.87% | 2.72% | 0.31% | -2.73% | -0.71% | 6.72% | 2.54% | 24.09% |
| 2022 | -3.13% | -2.94% | 1.42% | -5.78% | -0.48% | -5.27% | 5.12% | -2.71% | -6.09% | 6.33% | 2.06% | -3.65% | -14.94% |
| 2021 | 0.58% | 4.55% | 8.48% | 4.01% | 2.79% | 0.34% | 0.67% | 2.54% | -4.38% | 6.01% | 0.33% | 3.46% | 32.92% |
| 2020 | -4.61% | -6.65% | -7.78% | 7.92% | 3.06% | 2.08% | 2.06% | 3.92% | -4.36% | -3.45% | 5.78% | 2.71% | -0.79% |
| 2019 | 2.96% | -1.67% | -1.05% | 2.73% | -5.43% | 4.45% | 1.65% | -0.43% | -0.38% | 1.08% | 0.57% | 2.08% | 6.35% |
| 2018 | 6.50% | -1.11% | -3.20% | 1.00% | 1.31% | -0.61% | 0.73% | 3.93% | 0.02% | -2.23% | -1.03% | -7.06% | -2.36% |
| 2017 | 1.25% | 4.38% | -0.18% | 1.14% | -2.90% | 2.23% | 2.11% | 1.78% | 2.08% | 1.79% | 2.51% | 1.78% | 19.32% |
| 2016 | -7.74% | -0.73% | 5.23% | -2.27% | 0.62% | -2.71% | 4.59% | 0.76% | 0.42% | 0.06% | 8.32% | -0.94% | 4.76% |
| 2015 | -3.60% | 4.10% | -1.90% | -0.21% | 2.65% | -0.93% | 0.56% | -3.27% | -0.42% | 6.87% | -1.84% | -1.21% | 0.29% |
| 2014 | -3.50% | 1.62% | 0.65% | -0.61% | 2.17% | -0.73% | 1.12% | 1.90% | -1.24% | 2.48% | 3.99% | 0.98% | 8.95% |
| 2013 | 0.60% | 4.72% | -2.77% | 2.54% | 6.27% | 3.15% | 0.96% | 16.24% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of NELIX is 95, placing it in the top 5% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
NELIX (Nuveen Equity Long/Short Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Nuveen Equity Long/Short Fund (NELIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Nuveen Equity Long/Short Fund granted a 3.84% dividend yield in the last twelve months. The annual payout for that period amounted to $2.21 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.21 | $2.21 | $3.03 | $1.35 | $0.00 | $0.00 | $0.55 | $0.66 | $0.00 | $0.00 | $0.08 | $1.59 |
Dividend yield | 3.84% | 4.20% | 6.84% | 2.44% | 0.00% | 0.00% | 1.35% | 1.58% | 0.00% | 0.00% | 0.24% | 5.05% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuveen Equity Long/Short Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.21 | $2.21 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.03 | $3.03 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.35 | $1.35 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.55 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.66 | $0.66 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2013 | $1.59 | $1.59 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Nuveen Equity Long/Short Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Nuveen Equity Long/Short Fund was 28.72%, occurring on Mar 23, 2020. Recovery took 226 trading sessions.
The current Nuveen Equity Long/Short Fund drawdown is 0.14%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.72% | Oct 4, 2018 | 368 | Mar 23, 2020 | 226 | Feb 12, 2021 | 594 |
| -19.3% | Jan 5, 2022 | 196 | Oct 14, 2022 | 229 | Sep 14, 2023 | 425 |
| -17.08% | Oct 29, 2015 | 72 | Feb 11, 2016 | 192 | Nov 14, 2016 | 264 |
| -9.7% | Jul 17, 2015 | 28 | Aug 25, 2015 | 42 | Oct 23, 2015 | 70 |
| -7.69% | Jan 29, 2018 | 39 | Mar 23, 2018 | 113 | Sep 4, 2018 | 152 |
Volatility
Volatility Chart
The current Nuveen Equity Long/Short Fund volatility is 2.60%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.