- Last Ratings Update:06/30/2015
- Price as of 06/30/2015 :$13.01
- Net Assets:$199.25 Million
- Peer Rank:100 of 278
- Investment Rating:B+
We rate Nuveen Tax-Advant Tot Ret Strat Fd at B+. Positive factors that influence this rating include a well above average total return and low price volatility. The fund invests approximately 69% of its assets in stocks and may be considered for investors seeking an Equity Income strategy.
POSITIVES AND RISKS
Total return ranks very high in comparison with peers over the last three years. The Nuveen Tax-Advant Tot Ret Strat Fd has returned an annual rate of 5.27% since inception. More recently, the fund has generated a total return of 13.77% in the last five years, 17.36% in the last three years, and -4.32% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 76% of them. It has also outpaced 80% of its competitors on a three year basis and 35% of them over the last year for the period ending 6/30/2015. On a year to date basis, JTA has returned 2.19%.
Downside risk has been below average. JTA has a draw down risk of -13.38%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 13.3%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 6/30/2015, the fund was trading at a price of $13.01, which is 6.1% below its 52-week high of $13.86 and 2.0% above its 52-week low of $12.75.
High expense ratio hinders performance. On total assets of $199.26 million, JTA maintains a high expense ratio compared to its Equity Income peers of 1.85% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As JTA is a closed end fund, it has no front end or back end load.
Manager tenure is a net positive but performance record lags managerial peers. Substandard fund managers tend to be replaced, so a long tenure is usually a good sign that a fund is achieving its objectives. The Nuveen Tax-Advant Tot Ret Strat Fd has been managed by Gunther M. Stein for the last 11 years. Over that period, the manager was able to capture more actual gains in excess of the expected return than just 36% of other fund managers.
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