NELIX Fees and Costs — Nuveen Equity Long/Short Fund, Class I
Data updated: 2026-07-24
The net expense ratio is 1.91% (2.06% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $70K in broker commissions, 0.0601% of average net assets, and portfolio turnover was 65%.
NELIX Fees and Expenses
Annual operating expenses and sales charges of NELIX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.26% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 2.06% |
| Fee waiver | −0.15% |
| Net expense ratio | 1.91% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
NELIX Costs Over Time
On $10,000 invested in NELIX, assuming 5% a year before costs, total costs come to $1,209 over 5 years, cutting the return by 2.07% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.91%) | $201 | $619 | $1,063 |
| Trading costs (broker commissions) | $6 | $19 | $33 |
| Lost growth on money paid in costs | $0 | $32 | $112 |
| Total costs | $207 | $671 | $1,209 |
| Value after costs | $10,293 | $10,905 | $11,554 |
| Impact on return, per year | 2.07% | 2.07% | 2.07% |
NELIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0601%
- Total broker commissions: $70K
- Bought from dealers (principal trades, not a cost): $224.4M
- Portfolio turnover (prospectus): 65%
- Securities lending: none during the year
NELIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $20K | 33.94% |
| Jefferies LLC | $12K | 19.67% |
| Robert W. Baird & Co. Incorporated | $4K | 7.27% |
| Bank of America, National Association | $4K | 6.70% |
| National Financial Services LLC | $4K | 6.30% |
| Instinet LLC | $4K | 5.84% |
| JPMorgan Securities LLC | $3K | 5.75% |
| Wells Fargo Securities, LLC | $3K | 5.39% |
| Liquidnet INC. | $3K | 4.88% |
| Piper Sandler & Co. | $3K | 4.27% |
NELIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $42.1M | 21.73% |
| Jefferies LLC | $41.7M | 21.54% |
| Piper Sandler & Co. | $39.9M | 20.62% |
| Instinet LLC | $14.6M | 7.56% |
| UBS Financial Services Inc. | $14.2M | 7.33% |
| National Financial Services LLC | $11.9M | 6.15% |
| Robert W. Baird & Co. Incorporated | $9.5M | 4.90% |
| Bank of America, National Association | $7.6M | 3.95% |
| JPMorgan Securities LLC | $6.7M | 3.45% |
| Virtu Americas LLC | $5.3M | 2.76% |
Nuveen Equity Long/Short Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NELIX | Class I | 1.91% | none |
| NELAX | Class A | 2.16% | 5.75% |
| NELCX | Class C | 2.91% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.