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Nuveen Diversified Currency Opportunities Fund

Nuveen Diversified Currency Opportunities Fund

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


: | New York Stock Exchange: JGT


The investment objective of the Nuveen Diversified Currency Opportunities Fund is to provide an attractive level of current income and total return. The fund invests in currencies and short-term debt of both developed market and emerging market countries and has the flexibility to short foreign currencies. It generally maintains a foreign currency orientation –maximum net exposure to the U.S. dollar is 35%. Under normal circumstances, at least 80% of the fund’s net assets are invested in U.S. and foreign government securities, forward currency contracts and other currency-related derivative investments. The fund may invest up to 20% in corporate, asset-backed or other types of non-government debt. The fund may employ effective leverage through forward currency contracts that provide investment exposure of up to 175% of the fund’s capital. The fund will maintain a weighted-average, leverage-adjusted duration of two years or less.

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