Nuveen Gresham Managed Futures Strategy Fund
Data updated: 2020-12-14
C000201011 — Nuveen Gresham Managed Futures Strategy Fund. Commodity · $24.30M AUM · 1.52% expense ratio. Holdings, fees, performance and SEC filings.
C000201011 Fund Overview
Nuveen Gresham Managed Futures 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: $24.30M
- 1-year return: -1.4%
- SEC CIK: 0001380786
- SEC series ID: S000062069
- Share class ID: C000201011
C000201011 Investment Objective and Strategy
Nuveen Gresham Managed Futures 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 capital appreciation.
Principal investment strategy
The Fund employs a proprietary, quantitatively-driven, systematically-executed investment process that seeks to capitalize on the existence of price momentum (or trend) within the global equity, fixed income, currency and commodity markets. The Fund takes long and short positions within these markets based on the systematic analysis and identification of price trends by the Funds sub-adviser, Gresham Investment Management LLC (Gresham). The owner of a long position will benefit from an increase in the price of the asset, while the owner of a short position will benefit from a decrease in the price of the asset. Gresham generally expects that the Fund will have long and short positions in all four of these markets, but at any one time the Fund may have significantly greater exposure to one or more of the markets, and the Funds exposure may consist predominantly of long or short positions within a market.
The Fund primarily utilizes derivative instruments, including futures, forward contracts, and swaps, to gain its exposure. Derivative instruments provide investment exposure that greatly exceeds the margin requirements for such positions, and thus the Funds use of derivative instruments has the economic effect of financial leverage (i.e., the use of borrowed funds for investment purposes). As a result of the Funds strategy, the Fund may at times have highly leveraged exposure across and within one or more markets. The Funds investments are generally made without restriction as to market capitalization, country, currency or maturity. The Fund may have exposure to issuers located in the United States as well as foreign developed and emerging markets. The Fund also holds significant amounts of cash and cash equivalent holdings, including but not limited to U.S.
Treasury securities and money market funds, which serve as collateral for the Funds derivative positions. Although the Fund may make investments in commodity-linked derivative instruments directly, the Fund expects to primarily gain exposure to these instruments by investing up to 25% of its net assets in the Managed Futures 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, 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 principal investment strategies and related risks with respect to commodity-linked derivative instruments as the Fund. 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 Subsidiary may also invest in U.S. Treasury securities for the purpose of posting margin on its commodity futures contracts. Greshams investment philosophy is based on the belief that markets exhibit momentum, trends, and other inefficiencies over time.
Trends in particular reflect the phenomenon of serial correlation, whereby past price movements may influence current price behavior. Although the persistence of this phenomenon, as well as price correlation and the intensity of a price trend, will fluctuate depending on the characteristics of a given market, these features typically re-occur across markets and sectors, thus creating attractive, repeatable investment opportunities. Gresham identifies investment opportunities across a broad set of markets utilizing computerized processes. As such, the decision to trade is quantitative and directional in naturedecisions are grounded in mathematical models based on market trends and other relationships. This process is bolstered by ongoing research, diversification, risk control, and a drive for efficiency in execution.
The Fund is non-diversified, which means that it is not limited to a percentage of assets that it may invest in any one issuer.
C000201011 Performance
Total returns for C000201011 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -1.4% |
C000201011 Risk Information
Risk metrics for C000201011, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.8%
C000201011 Costs and Fees
C000201011 costs about $152 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.52%
- Gross expense ratio: 1.77%
- Portfolio turnover: 0%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000201011 Cashflows
Over the 12 months to 2020-09, Nuveen Gresham Managed Futures Strategy Fund had net inflows of $395.35K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-09 | −$56.02K |
| 2020-08 | −$2.54K |
| 2020-07 | $46.68K |
| 2020-06 | $55.00K |
| 2020-05 | −$77.50K |
| 2020-04 | −$91.17K |
C000201011 Debt Constituents
No individual debt constituents are reported in Nuveen Gresham Managed Futures Strategy Fund's latest SEC N-PORT filing.
C000201011 Prospectus and SEC Filings
Official Nuveen Gresham Managed Futures Strategy Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-02-24
- Prospectus (485BPOS) — filed 2018-10-22
- Prospectus supplement (497) — filed 2018-12-03
- Portfolio holdings (N-PORT) — filed 2020-11-27
- Portfolio holdings (N-PORT) — filed 2020-08-27
- Portfolio holdings (N-PORT) — filed 2020-05-28
- Annual census (N-CEN) — filed 2020-12-14
- Annual census (N-CEN) — filed 2019-12-12
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.