-0.10 | -0.78%
- Last Ratings Update:03/31/2013
- Price as of 03/31/2013 :$11.67
- Net Assets:$161.4 Million
- NAV:$12.58
- Premium-7.23%
- Peer Rank:165 of 258
- Investment Rating:C
- Performance:C
- RiskB-
We rate Nuveen Tax-Advant Tot Ret Strat Fd at C. Positive factors that influence this rating include a low price volatility. The fund invests approximately 69% of its assets in stocks and may be considered for investors seeking an Equity Income strategy.
Total return ranks below peers over the last three years. The Nuveen Tax-Advant Tot Ret Strat Fd has returned an annual rate of 3.45% since inception. More recently, the fund has generated a total return of -0.11% in the last five years, 7.89% in the last three years, and 13.92% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 20% of them. It has also outpaced 39% of its competitors on a three year basis and 64% of them over the last year for the period ending 3/31/2013. On a year to date basis, JTA has returned 13.23%.
Downside risk has been below average. JTA has a draw down risk of -20.33%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 18.0%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 3/31/2013, the fund was trading at a price of $11.67, which is 2.8% below its 52-week high of $12.00 and 4.6% above its 52-week low of $11.16.
High expense ratio hinders performance. On total assets of $161.40 million, JTA maintains a high expense ratio compared to its Equity Income peers of 1.99% 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 9 years. Over that period, the manager was able to capture more actual gains in excess of the expected return than just 38% of other fund managers.
