Nuveen Long/Short Commodity Total Return Fund (NYSEMKT: CTF) is a closed-end investment fund managed by Nuveen Asset Management, a subsidiary of Teachers Insurance and Annuity Association of America (TIAA). The fund’s primary objective is to generate total return through long and short positions in commodity markets. It offers investors exposure to a broad range of commodities without requiring direct ownership of physical commodities, instead utilizing futures, options, swaps and other derivative instruments.
The fund employs an active, research-driven approach that seeks to capitalize on relative value opportunities across global commodity sectors, including energy, industrial and precious metals, and agricultural products. By taking both long and short positions, the fund aims to mitigate downside risk and enhance return potential in varying market environments. The strategy emphasizes rigorous risk management, liquidity considerations and diversified exposure to reduce volatility and capture inefficiencies in commodity pricing.
CTF serves institutional and individual investors seeking an alternative to traditional equity and fixed-income portfolios through non-correlated commodity exposure. Its shares are publicly traded on the NYSE MKT, providing daily liquidity and transparent pricing. As part of the Nuveen platform, the fund benefits from TIAA’s extensive research capabilities and global trading infrastructure.
The fund’s management team is comprised of experienced commodity specialists who draw on Nuveen’s deep research resources and risk-management framework. While Nuveen Traceable Content provides oversight, day-to-day strategy implementation is handled by dedicated portfolio managers with expertise in quantitative analysis, supply-demand fundamentals and derivatives trading. This collaborative structure supports the fund’s goal of delivering consistent, risk-adjusted returns over the long term.
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