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
US67065W1678
Dec 29, 2008
$100,000
Large-Cap
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 3.53% year-to-date (YTD) and 15.10% in the last 12 months. Over the past 10 years, Nuveen Equity Long/Short Fund had an annualized return of 6.75%, while the S&P 500 had an annualized return of 11.29%, indicating that Nuveen Equity Long/Short Fund did not perform as well as the benchmark.
NELIX
3.53%
1.70%
6.96%
15.10%
9.25%
6.75%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.49% | 3.53% | |||||||||||
| 2024 | 1.42% | 4.08% | 3.00% | -3.02% | 3.62% | 2.87% | -1.22% | 2.39% | 1.80% | 1.05% | 4.97% | -5.36% | 16.18% |
| 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% | -9.79% | -20.36% |
| 2021 | 0.58% | 4.55% | 8.48% | 4.01% | 2.79% | 0.34% | 0.67% | 2.54% | -4.38% | 6.01% | 0.33% | 0.94% | 29.69% |
| 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% | -8.27% | -3.63% |
| 2017 | 1.25% | 4.38% | -0.18% | 1.14% | -2.90% | 2.23% | 2.11% | 1.78% | 2.08% | 1.79% | 2.51% | 0.19% | 17.45% |
| 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% | 0.74% | 8.69% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NELIX is 69, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
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 provided a 0.86% dividend yield over the last twelve months, with an annual payout of $0.54 per share.
| Period | TTM | 2024 | 2023 |
|---|---|---|---|
| Dividend | $0.54 | $0.54 | $2.21 |
Dividend yield | 0.86% | 0.89% | 4.20% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.54 |
| 2023 | $2.21 | $2.21 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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 29.65%, occurring on Mar 23, 2020. Recovery took 233 trading sessions.
The current Nuveen Equity Long/Short Fund drawdown is 3.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -29.65% | Oct 4, 2018 | 368 | Mar 23, 2020 | 233 | Feb 24, 2021 | 601 |
| -22.7% | Dec 13, 2021 | 268 | Jan 5, 2023 | 270 | Feb 2, 2024 | 538 |
| -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 |
| -8.97% | Dec 9, 2013 | 39 | Feb 4, 2014 | 192 | Nov 6, 2014 | 231 |
Volatility
Volatility Chart
The current Nuveen Equity Long/Short Fund volatility is 3.43%, 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.