Nuveen Gresham Diversified Commodity Strategy Fund

Data updated: 2020-08-27

C000116095 — Nuveen Gresham Diversified Commodity Strategy Fund. Commodity · $25.88M AUM · 2.01% expense ratio. Holdings, fees, performance and SEC filings.

C000116095 Fund Overview

Nuveen Gresham Diversified Commodity Strategy Fund is a US mutual fund managed by Nuveen Investment Trust V, categorised as Commodity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

Type: US mutual fund
Manager: Nuveen Investment Trust V
Category: Commodity
Assets under management: $25.88M
1-year return: -18.6%
SEC CIK: 0001380786
SEC series ID: S000037640
Share class ID: C000116095

C000116095 Investment Objective and Strategy

Nuveen Gresham Diversified Commodity Strategy Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Nuveen Investment Trust V.

Investment objective

The investment objective of the Fund is to seek attractive total return.

Principal investment strategy

Under normal market conditions, the Fund invests primarily in a diversified portfolio of commodity futures contracts and fixed income investments. The Funds investment strategy has two elements: A portfolio of exchange-traded commodity futures contracts providing long-only exposure to all principal groups in the global commodity markets which is actively managed by Gresham Investment Management LLCs Near Term Active division (Gresham), a sub-adviser to the Fund, pursuant to its proprietary Tangible Asset Program (referred to herein as TAP ). For purposes of posting margin on such futures contracts, Gresham may also invest in U.S. Treasury securities. A portfolio of cash equivalents, U.S. government securities and other high-quality short-term debt securities which is actively managed by Nuveen Asset Management, LLC (Nuveen Asset Management), the Funds other sub-adviser.

Commodity Investments. The Fund invests in a diversified portfolio of exchange-traded commodity futures contracts with an aggregate value substantially equal to the Funds net assets. The Fund invests in futures contracts in the six principal commodity groups in the global commodities markets: energy; industrial metals; agriculture; precious metals; foods and fibers; and livestock. The Fund may also invest in commodity-linked forward contracts, notes, swap agreements and other derivative instruments that provide investment exposure to commodities. Although the Fund may make investments in commodity-linked derivative instruments directly, the Fund expects to primarily gain exposure to these investments by investing in the Long-Only Commodity Fund Ltd., a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (referred to herein as the Subsidiary).

The Subsidiary is advised by Nuveen Fund Advisors, LLC, the Funds investment adviser (the Adviser), and is sub-advised by Gresham. The Funds investment in the Subsidiary is intended to provide the Fund with exposure to commodity markets within the limits of current federal income tax laws applicable to investment companies such as the Fund, which limit the ability of investment companies to invest directly in commodity-linked derivative instruments. The Subsidiary has the same investment objective as the Fund, but unlike the Fund, it may invest without limitation in commodity-linked derivative instruments. The Subsidiary is otherwise subject to the same fundamental and non-fundamental investment restrictions as the Fund. Except as otherwise noted, for purposes of this prospectus, references to the Funds investments may also be deemed to include the Funds indirect investments through its Subsidiary.

The Fund intends to invest up to 25% of its net assets in the Subsidiary, which in turn invests in a diversified portfolio of exchange-traded commodity futures contracts. Because commodity futures contracts provide investment exposure that greatly exceeds the margin requirements for such positions, the Subsidiary will be able to use this small portion of the Funds net assets to gain exposure to commodity futures contracts with an aggregate value substantially equal to 100% of the Funds net assets. The Subsidiary may also invest in U.S. Treasury securities for the purpose of posting margin on its commodity futures contracts. Gresham actively manages the Subsidiarys portfolio of commodity futures contracts pursuant to TAP , a fully collateralized, long-only, rules-based commodity investment strategy.

TAP s rules specify minimum liquidity requirements for commodity futures contracts and other parameters such as eligible commodity futures contracts, contract term, commodity weightings and annual and interim rebalancing of individual commodities. Gresham currently bases its target weights on three inputs: (i) calculations of the values of global commodity production; (ii) total U.S. dollar trading volume on commodity futures and forwards exchanges; and (iii) global import/export trade values. Gresham determines the TAP rules governing the specific commodities in which the Subsidiary invests, and the relative target weighting of those commodities, annually. As of January 31, 2018, TAP s rules governing the target weighting of commodities resulted in significant exposure to energy commodities.

The target weights are expected to remain unchanged until the next annual determination. Gresham limits the Subsidiarys concentration in any single commodity, commodity group and commodity complex in an attempt to moderate risk. Under normal market conditions, Gresham avoids exercising discretion with respect to target weights between annual determinations. However, the actual portfolio weights may vary during the year and may in certain circumstances be rebalanced subject to TAP s rule-based procedures. Generally, Gresham intends to invest in short-term commodity futures contracts with terms of one to three months but may invest in contracts with terms of up to twelve months. Gresham intends to replace expiring commodity futures contracts with contracts expiring at a future date (i.e., roll contracts) in order to avoid the Subsidiary taking physical delivery of a commodity.

Debt Security Investments. Assets not invested by the Fund in the Subsidiary or directly in commodity-linked derivative instruments are invested by Nuveen Asset Management in cash equivalents, U.S. government securities and other high-quality short-term debt securities with final terms not exceeding one year at the time of investment. The Funds debt security investments consist primarily of direct and guaranteed obligations of the U.S. government and senior obligations of U.S. government agencies as well as money market securities. The Funds investments in cash equivalents and short-term debt securities (other than U.S. government securities) will be rated at all times at the applicable highest short-term or long-term debt or deposit rating or money market fund rating as determined by at least one nationally recognized statistical rating organization or, if unrated, judged by Nuveen Asset Management to be of comparable quality.

C000116095 Performance

Total returns for C000116095 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	-18.6%

C000116095 Risk Information

Risk metrics for C000116095, derived from monthly returns in SEC filings.

1-year volatility (annualised): 19.0%

C000116095 Costs and Fees

C000116095 costs about $201 per $10,000 invested per year in fund expenses.

Net expense ratio: 2.01%
Gross expense ratio: 2.28%
Portfolio turnover: 0%
Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000116095 Cashflows

Over the 12 months to 2020-06, Nuveen Gresham Diversified Commodity Strategy Fund had net outflows of $46.20M, from monthly SEC N-PORT filings.

Month	Net flow
2020-06	−$6.91M
2020-05	−$3.04M
2020-04	$722.35K
2020-03	−$22.36M
2020-02	$434.03K
2020-01	$794.21K

C000116095 Debt Constituents

No individual debt constituents are reported in Nuveen Gresham Diversified Commodity Strategy Fund's latest SEC N-PORT filing.

C000116095 Prospectus and SEC Filings

Official Nuveen Gresham Diversified Commodity Strategy Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Commodity funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.