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Nuveen Equity Long/Short A NELAX

Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 53.38  /  +1.79 %
  • Total Assets 115.7 Mil
  • Adj. Expense Ratio
    1.610%
  • Expense Ratio 2.210%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Long-Short Equity
  • Investment Style Large Growth
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 3.91%
  • Turnover 94%

USD | NAV as of Feb 22, 2024 | 1-Day Return as of Feb 22, 2024, 11:17 PM GMT+0

Morningstar’s Analysis NELAX

Will NELAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Nuveen Equity Long/ Short A's recent fee cut underpins an upgrade to this strategy's Morningstar Medalist Rating to Neutral from Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

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Portfolio Holdings NELAX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 24.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us Dollars

29.52 32.4 Mil
Cash and Equivalents

Microsoft Corp

4.76 5.2 Mil
Technology

Apple Inc

4.17 4.6 Mil
Technology

Alphabet Inc Class A

2.99 3.3 Mil
Communication Services

Amazon.com Inc

2.74 3.0 Mil
Consumer Cyclical

NVIDIA Corp

2.20 2.4 Mil
Technology

JPMorgan Chase & Co

1.80 2.0 Mil
Financial Services

Meta Platforms Inc Class A

1.55 1.7 Mil
Communication Services

Costco Wholesale Corp

1.44 1.6 Mil
Consumer Defensive

Intel Corp

1.35 1.5 Mil
Technology