- Last Ratings Update:12/31/2015
- Price as of 12/31/2015 :$11.67
- Net Assets:$199.25 Million
- Peer Rank:123 of 269
- Investment Rating:B
We rate Nuveen Tax-Advant Tot Ret Strat Fd at B. Positive factors that influence this rating include a greater than 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 above peers over the last three years. The Nuveen Tax-Advant Tot Ret Strat Fd has returned an annual rate of 4.50% since inception. More recently, the fund has generated a total return of 8.88% in the last five years, 9.77% in the last three years, and -3.66% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 60% of them. It has also outpaced 74% of its competitors on a three year basis and 43% of them over the last year for the period ending 12/31/2015. On a year to date basis, JTA has returned -3.66%.
Downside risk has been below average. JTA has a draw down risk of -24.97%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 14.6%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 12/31/2015, the fund was trading at a price of $11.67, which is 3.8% below its 52-week high of $12.13 and 5.6% above its 52-week low of $11.05.
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 12 years. Over that period, the manager was able to capture more actual gains in excess of the expected return than just 30% of other fund managers.
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