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Nuveen Long/Short Commodity Total Return Fund

Nuveen Long/Short Commodity Total Return Fund

Sector: Unit Investment Trusts, Face-Amount Certificate Offices, and Closed-End Management Investment Offices Region: IL, United States


: | NYSE MKT: CTF | NYSE MKT: CTF


To generate attractive total returns, the Fund seeks to outperform its benchmark, the Morningstar® Long/Short Commodity Index SM. The Fund invests directly in a diverse portfolio of exchange-traded commodity futures contracts that are among the most actively traded futures contracts in global commodity markets. The Fund’s actively managed positions will be either long or short (or flat, in the case of futures within the energy sector). The Fund is not leveraged, and the notional amount of its combined long, short and flat futures positions will not exceed 100% of the Fund’s net assets.

The Fund also employs a commodity option writing strategy, in which it sells exchange-traded calls or puts on commodity contracts. The Fund sells these options on approximately 15% (and may not exceed 25%) of the notional value of each of its commodity futures contracts, seeking to enhance the Fund’s risk-adjusted return over time.

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