Nuveen Long/Short Commodity Total Return Fund (NYSEMKT:CTF) is a closed-end management investment company sponsored by Nuveen, a TIAA company. Launched in 2012, the fund seeks to generate attractive total returns by employing both long and short positions in commodity markets. It trades on the NYSE MKT exchange and offers investors exposure to a broad range of commodity sectors through an actively managed, diversified portfolio.
The fund’s primary investment activities involve the use of commodity futures contracts, swap agreements, and other derivative instruments to capture price movements across energy, agriculture, metals and other commodity sectors. By taking long positions in futures contracts that are expected to rise in value and short positions in futures anticipated to decline, the fund aims to profit from both upward and downward price trends. This flexible approach allows the portfolio management team to adjust exposure in response to changing market conditions.
CTF’s portfolio is constructed with a global perspective, accessing commodity markets in North America, Europe, Asia and emerging markets. The fund typically maintains a balanced mix of exposures that can be tailored to capture opportunities arising from supply-demand imbalances, macroeconomic shifts and geopolitical developments. Its strategy also incorporates risk-management techniques, including position sizing and diversification, to help mitigate volatility.
The fund is overseen by a board of trustees and managed by Nuveen Asset Management’s commodity specialists, who draw on the broader research resources of TIAA-CREF and Nuveen. This experienced team combines quantitative modeling, fundamental analysis and market insight to implement the fund’s long/short strategy, with the goal of delivering sustainable returns and potential income distributions to shareholders.
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