As filed with the Securities and Exchange Commission on June 4, 2013
1933 Act Registration No. 333-33607
1940 Act Registration No. 811-08333
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 |
¨ | |||
Pre-Effective Amendment No. | ¨ | |||
Post-Effective Amendment No. 95 | x | |||
and/or | ||||
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 |
¨ | |||
Amendment No. 96 | x |
Nuveen Investment Trust II
(Exact Name of Registrant as Specified in Declaration of Trust)
333 West Wacker Drive, Chicago, Illinois | 60606 | |
(Address of Principal Executive Offices) | (Zip Code) |
Registrants Telephone Number, Including Area Code: (312) 917-7700
Kevin J. McCarthy Vice President and Secretary 333 West Wacker Drive Chicago, Illinois 60606 (Name and Address of Agent for Service) |
Copies to: Eric F. Fess Chapman and Cutler LLP 111 West Monroe Street Chicago, Illinois 60603 |
Approximate Date of Proposed Public Offering: As soon as practicable after effectiveness.
It is proposed that this filing will become effective (check appropriate box):
x | immediately upon filing pursuant to paragraph (b) | ¨ | on (date) pursuant to paragraph (a)(1) | |||
¨ | on (date) pursuant to paragraph (b) | ¨ | 75 days after filing pursuant to paragraph (a)(2) | |||
¨ | 60 days after filing pursuant to paragraph (a)(1) | ¨ | on (date) pursuant to paragraph (a)(2) of Rule 485. |
If appropriate, check the following box:
¨ | This post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
This filing relates solely to the following Fund, a series of the Registrant:
Nuveen Equity Long/Short Fund |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this registration statement under Rule 485(b) under the Securities Act of 1933, as amended, and has duly caused this post-effective amendment to its registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Chicago and State of Illinois, on the 4th day of June, 2013.
NUVEEN INVESTMENT TRUST II | ||||||
By: | /S/ KEVIN J. MCCARTHY | |||||
Kevin J. McCarthy Vice President and Secretary |
Pursuant to the requirements of the Securities Act of 1933, as amended, this post-effective amendment to the registration statement has been signed below by the following persons in the capacities and on the date indicated.
Signature |
Title |
Date | ||||||
/S/ STEPHEN D. FOY STEPHEN D. FOY |
Vice President and Controller (principal financial and accounting officer) | June 4, 2013 | ||||||
/S/ GIFFORD R. ZIMMERMAN GIFFORD R. ZIMMERMAN |
Chief Administrative Officer (principal executive officer) | June 4, 2013 | ||||||
ROBERT P. BREMNER* | Chairman of the Board and Trustee | ü ï ï ï ï ï ï ï ï ï ï ï ï ï ý ï ï ï ï ï ï ï ï ï ï ï ï þ |
By: |
/S/ KEVIN J. MCCARTHY
KEVIN J. MCCARTHY Attorney-in-Fact June 4, 2013 | ||||
JOHN P. AMBOIAN* | Trustee | |||||||
JACK B. EVANS* | Trustee | |||||||
WILLIAM C. HUNTER* | Trustee | |||||||
DAVID J. KUNDERT* | Trustee | |||||||
WILLIAM J. SCHNEIDER* | Trustee | |||||||
JUDITH M. STOCKDALE* | Trustee | |||||||
CAROLE E. STONE* | Trustee | |||||||
VIRGINIA L. STRINGER* | Trustee | |||||||
TERENCE J. TOTH* | Trustee |
* | An original power of attorney authorizing, among others, Kevin J. McCarthy and Gifford R. Zimmerman to execute this registration statement, and amendments thereto, for each of the trustees of the Registrant on whose behalf this registration statement is filed, has been executed and has previously been filed with the Securities and Exchange Commission and is incorporated by reference herein. |
EXHIBIT INDEX
Exhibit Number |
Exhibit | |||
101.SCH | XBRL Taxonomy Extension Schema Document | |||
101.CAL | XBRL Taxonomy Extension Calculation Linkbase | |||
101.DEF | XBRL Taxonomy Extension Definition Linkbase | |||
101.LAB | XBRL Taxonomy Extension Labels Linkbase | |||
101.PRE | XBRL Taxonomy Extension Presentation Linkbase |
Label | Element | Value |
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Risk/Return: | rr_RiskReturnAbstract | |
Registrant Name | dei_EntityRegistrantName | NUVEEN INVESTMENT TRUST II |
Prospectus Date | rr_ProspectusDate | May 21, 2013 |
Document Creation Date | dei_DocumentCreationDate | May 21, 2013 |
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Label | Element | Value | ||||||||||||
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Risk/Return: | rr_RiskReturnAbstract | |||||||||||||
Registrant Name | dei_EntityRegistrantName | NUVEEN INVESTMENT TRUST II | ||||||||||||
Prospectus Date | rr_ProspectusDate | May 21, 2013 | ||||||||||||
Nuveen Equity Long/Short Fund
|
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Risk/Return: | rr_RiskReturnAbstract | |||||||||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Nuveen Equity Long/Short Fund | ||||||||||||
Objective [Heading] | rr_ObjectiveHeading | Investment Objective | ||||||||||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The investment objective of the Fund is long-term capital appreciation with low correlation to the U.S. equity market. | ||||||||||||
Expense [Heading] | rr_ExpenseHeading | Fees and Expenses of the Fund | ||||||||||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Nuveen Mutual Funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial advisor and in “What Share Classes We Offer” on page 14 of the Fund’s prospectus, “How to Reduce Your Sales Charge” on page 15 of the prospectus and “Purchase and Redemption of Fund Shares” on page S-47 of the Fund’s statement of additional information. | ||||||||||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (fees paid directly from your investment) |
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Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) |
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Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | July 31, 2016 | ||||||||||||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover | ||||||||||||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 67% of the average value of its portfolio. | ||||||||||||
Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 67.00% | ||||||||||||
Expenses Deferred Charges [Text Block] | rr_ExpensesDeferredChargesTextBlock | The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase. | ||||||||||||
Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Nuveen Mutual Funds. | ||||||||||||
Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | 50,000 | ||||||||||||
Expenses Restated to Reflect Current [Text] | rr_ExpensesRestatedToReflectCurrent | Expenses have been restated to reflect current contractual fees. | ||||||||||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Example | ||||||||||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem your shares at the end of a period. The example also assumes that your investment has a 5% return each year, that the Fund’s operating expenses remain the same, and the contractual fee waivers currently in place are not renewed beyond July 31, 2016. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | ||||||||||||
Expense Example by, Year, Caption [Text] | rr_ExpenseExampleByYearCaption | Redemption | ||||||||||||
Expense Example, No Redemption, By Year, Caption [Text] | rr_ExpenseExampleNoRedemptionByYearCaption | No Redemption | ||||||||||||
Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies | ||||||||||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The Fund pursues its investment objective by establishing long and short positions in a diversified portfolio of equity securities. Under normal market conditions, the Fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes (including assets acquired through the Fund's short sales) in equity securities. Substantially all of the equity securities in which the Fund takes long and short positions will be included in the Fund's benchmark index, the Russell 1000 Index, at the time the position is taken. As a result, the Fund will invest significantly in large capitalization companies. When the Fund takes a long position in a security, it purchases the security outright. When the Fund takes a short position, it sells a security that the Fund does not own at the current market price and delivers to the buyer a security that the Fund has borrowed. The Fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the Fund. Until the borrowed security is replaced, the Fund is required to pay to the lender amounts equal to any dividends or interest that accrue during the period of the loan. In addition, to borrow the security, the Fund may be required to pay a premium to the lender. The Fund will sell a security short if it expects that it will be able to make this later purchase at a lower price than the price at which it sold the security short. The use of both long and short positions allows the sub-adviser to invest based on both its positive and negative views on individual stocks. The Fund may use all or a portion of the proceeds of its short sales to purchase additional long positions. The Fund intends to generally maintain a net long exposure to the equity market (long market value minus short market value) that is greater than the 0% exposure which a "market neutral" fund is designed to provide, but less than 100% exposure provided by a fund that invests only in long positions. This net long exposure is expected to be at least 40% under normal market conditions. The goal is to allow the Fund to benefit from a rising market, although to a lesser extent than a "long-only" fund, while still affording some protection from a falling market because of the Fund's short positions, which are designed to perform inversely to the market. The Fund's sub-adviser will select securities using an investment process that combines quantitative techniques, fundamental analysis and risk management, with the sub-adviser taking long positions in companies that it has identified as attractive and short positions in companies that it expects to underperform. Securities generally are added to the portfolio as long or short positions based both on security rankings provided by multi-factor quantitative models and on fundamental analysis of the securities. However, the sub-adviser will utilize risk management techniques to establish constraints on the amounts invested in individual securities and sectors. As a result, the sub-adviser may take a long position in a security which receives a low ranking from the quantitative models, in order to maintain a required minimum position in that security. The Fund's sub-adviser will generally sell a security if its model ranking declines or fundamental research reveals a deterioration of the company's fundamentals. |
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Risk [Heading] | rr_RiskHeading | Principal Risks | ||||||||||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | The value of your investment in this Fund will change daily. You could lose money by investing in the Fund. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The principal risks of investing in the Fund include: Equity Security Risk—Equity securities may decline significantly in price over short or extended periods of time, and such declines may occur because of declines in the equity market as a whole, or they may occur because of declines in only a particular company, industry, or sector of the market. Large Cap Stock Risk—To the extent the Fund invests in large capitalization stocks, the Fund may underperform funds that invest primarily in stocks of smaller capitalization companies during periods when the stocks of such companies are in favor. Quantitative Technique Risk—Proprietary and third party data and systems are utilized to support decision making for the Fund. Data imprecision, software or other technology malfunctions, programming inaccuracies and similar circumstances may impair the performance of these systems, which may negatively affect Fund performance. Furthermore, there can be no assurance that the quantitative models used in managing the Fund will perform as anticipated or enable the Fund to achieve its objective. Short Sales Risk—The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. In addition, a lender may request, or market conditions may dictate, that securities sold short be returned to the lender on short notice, which may result in the Fund having to buy the securities sold short at an unfavorable price. If this occurs, any anticipated gain to the Fund may be reduced or eliminated or the short sale may result in a loss. The use of short sales may also cause the Fund to have higher expenses than other funds. Short sales are speculative transactions and involve special risks, including greater reliance on the sub-adviser's ability to accurately anticipate the future value of a security. Because losses on short sales arise from increases in the value of the security sold short, such losses are theoretically unlimited. By contrast, a loss on a long position arises from decreases in the value of the security and is limited by the fact that a security's value cannot go below zero. By investing the proceeds received from selling securities short, the Fund is engaging in a form of leverage. The use of leverage may increase the Fund's exposure to long positions and make any change in the Fund's net asset value greater than it would be without the use of leverage. This could result in increased volatility of returns. Style Risk—The Fund's strategy may cause the Fund to underperform compared to the general stock market or other equity mutual funds that do not utilize a similar strategy. For example, in a rising stock market, the Fund's short positions may significantly impact the Fund's overall performance and cause the Fund to underperform traditional long-only equity funds or to sustain losses, particularly in a sharply rising market. In addition, there is no guarantee that the sub-adviser will be able to construct a portfolio that limits the Fund's exposure to downward market movements. |
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Risk Lose Money [Text] | rr_RiskLoseMoney | The value of your investment in this Fund will change daily. You could lose money by investing in the Fund. | ||||||||||||
Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. | ||||||||||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Fund Performance | ||||||||||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The following bar chart and table provide some indication of the potential risks of investing in the Fund. As of February 26, 2013, the Fund changed its investment objective and strategies to those set forth above and adopted its current name. Consequently, the Fund's performance information prior to such date reflects the Fund's performance before the change in its investment objective and strategies. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at www.nuveen.com/performance or by calling (800) 257-8787. | ||||||||||||
Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | The bar chart below shows the variability of the Fund’s performance from year to year for Class A shares. | ||||||||||||
Performance Availability Phone [Text] | rr_PerformanceAvailabilityPhone | (800) 257-8787 | ||||||||||||
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | www.nuveen.com/performance | ||||||||||||
Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. | ||||||||||||
Bar Chart [Heading] | rr_BarChartHeading | Class A Annual Total Return | ||||||||||||
Bar Chart Narrative [Text Block] | rr_BarChartNarrativeTextBlock | The bar chart below shows the variability of the Fund’s performance from year to year for Class A shares. The performance of the other share classes will differ due to their different expense structures. The bar chart and highest/lowest quarterly returns that follow do not reflect sales charges, and if these charges were reflected, the returns would be less than those shown. | ||||||||||||
Bar Chart Does Not Reflect Sales Loads [Text] | rr_BarChartDoesNotReflectSalesLoads | The bar chart and highest/lowest quarterly returns that follow do not reflect sales charges, and if these charges were reflected, the returns would be less than those shown. | ||||||||||||
Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock | During the four-year period ended December 31, 2012, the Fund’s highest and lowest quarterly returns were 16.68% and -17.82%, respectively, for the quarters ended June 30, 2009 and September 30, 2011. | ||||||||||||
Performance Table Heading | rr_PerformanceTableHeading | Average Annual Total Returns for the Periods Ended December 31, 2012 |
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Performance Table Uses Highest Federal Rate | rr_PerformanceTableUsesHighestFederalRate | All after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. | ||||||||||||
Performance Table Not Relevant to Tax Deferred | rr_PerformanceTableNotRelevantToTaxDeferred | After-tax returns are not relevant to investors who hold Fund shares in tax-deferred accounts such as IRAs or employer-sponsored retirement plans. | ||||||||||||
Performance Table One Class of after Tax Shown [Text] | rr_PerformanceTableOneClassOfAfterTaxShown | After-tax returns are shown for Class A shares only; after-tax returns for other share classes will vary. | ||||||||||||
Performance Table Narrative | rr_PerformanceTableNarrativeTextBlock | The table below shows the variability of the Fund’s average annual returns and how they compare over the time periods indicated with those of a broad measure of market performance and an index of funds with similar investment objectives. All after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class A shares only; after-tax returns for other share classes will vary. Your own actual after-tax returns will depend on your specific tax situation and may differ from what is shown here. After-tax returns are not relevant to investors who hold Fund shares in tax-deferred accounts such as IRAs or employer-sponsored retirement plans. Both the bar chart and the table assume that all distributions have been reinvested. Performance reflects fee waivers, if any, in effect during the periods presented. If any such waivers were not in place, returns would be reduced. |
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Nuveen Equity Long/Short Fund | Class A
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Risk/Return: | rr_RiskReturnAbstract | |||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 5.75% | ||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of purchase price or redemption proceeds) | rr_MaximumDeferredSalesChargeOverOther | none | [1] | |||||||||||
Maximum Sales Charge (Load) Imposed on Reinvested Dividends | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||||||||||
Exchange Fee | rr_ExchangeFeeOverRedemption | none | ||||||||||||
Annual Low Balance Account Fee (for accounts under $1,000) | rr_MaximumAccountFee | 15 | [2] | |||||||||||
Management Fees | rr_ManagementFeesOverAssets | 1.28% | [3] | |||||||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | ||||||||||||
Dividend Expense on Securities Sold Short | rr_Component1OtherExpensesOverAssets | 0.70% | ||||||||||||
Enhanced Custody Expense | rr_Component2OtherExpensesOverAssets | 0.13% | ||||||||||||
Remainder of Other Expenses | rr_Component3OtherExpensesOverAssets | 5.19% | [3] | |||||||||||
Total Other Expenses | rr_OtherExpensesOverAssets | 6.02% | ||||||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 7.55% | ||||||||||||
Fee Waivers and/or Expense Reimbursements | rr_FeeWaiverOrReimbursementOverAssets | (5.09%) | [4] | |||||||||||
Total Annual Fund Operation Expenses After Fee Waivers and/or Expense Reimbursements | rr_NetExpensesOverAssets | 2.46% | ||||||||||||
1 Year | rr_ExpenseExampleYear01 | 810 | ||||||||||||
3 Years | rr_ExpenseExampleYear03 | 1,297 | ||||||||||||
5 Years | rr_ExpenseExampleYear05 | 2,719 | ||||||||||||
10 Years | rr_ExpenseExampleYear10 | 6,166 | ||||||||||||
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 810 | ||||||||||||
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 1,297 | ||||||||||||
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 2,719 | ||||||||||||
10 Years | rr_ExpenseExampleNoRedemptionYear10 | 6,166 | ||||||||||||
2009 | rr_AnnualReturn2009 | 20.09% | [5] | |||||||||||
2010 | rr_AnnualReturn2010 | 11.12% | [5] | |||||||||||
2011 | rr_AnnualReturn2011 | (4.76%) | [5] | |||||||||||
2012 | rr_AnnualReturn2012 | 10.83% | [5] | |||||||||||
Year to Date Return, Label | rr_YearToDateReturnLabel | year-to-date total return | ||||||||||||
Bar Chart, Year to Date Return, Date | rr_BarChartYearToDateReturnDate | Mar. 31, 2013 | ||||||||||||
Bar Chart, Year to Date Return | rr_BarChartYearToDateReturn | 9.16% | ||||||||||||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | highest | ||||||||||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Jun. 30, 2009 | ||||||||||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 16.68% | ||||||||||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | lowest | ||||||||||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Sep. 30, 2011 | ||||||||||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (17.82%) | ||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 4.46% | ||||||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 7.94% | ||||||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Dec. 30, 2008 | ||||||||||||
Nuveen Equity Long/Short Fund | Class C
|
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Risk/Return: | rr_RiskReturnAbstract | |||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of purchase price or redemption proceeds) | rr_MaximumDeferredSalesChargeOverOther | 1.00% | [1] | |||||||||||
Maximum Sales Charge (Load) Imposed on Reinvested Dividends | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||||||||||
Exchange Fee | rr_ExchangeFeeOverRedemption | none | ||||||||||||
Annual Low Balance Account Fee (for accounts under $1,000) | rr_MaximumAccountFee | 15 | [2] | |||||||||||
Management Fees | rr_ManagementFeesOverAssets | 1.28% | [3] | |||||||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | ||||||||||||
Dividend Expense on Securities Sold Short | rr_Component1OtherExpensesOverAssets | 0.70% | ||||||||||||
Enhanced Custody Expense | rr_Component2OtherExpensesOverAssets | 0.13% | ||||||||||||
Remainder of Other Expenses | rr_Component3OtherExpensesOverAssets | 5.19% | [3] | |||||||||||
Total Other Expenses | rr_OtherExpensesOverAssets | 6.02% | ||||||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 8.30% | ||||||||||||
Fee Waivers and/or Expense Reimbursements | rr_FeeWaiverOrReimbursementOverAssets | (5.09%) | [4] | |||||||||||
Total Annual Fund Operation Expenses After Fee Waivers and/or Expense Reimbursements | rr_NetExpensesOverAssets | 3.21% | ||||||||||||
1 Year | rr_ExpenseExampleYear01 | 324 | ||||||||||||
3 Years | rr_ExpenseExampleYear03 | 989 | ||||||||||||
5 Years | rr_ExpenseExampleYear05 | 2,607 | ||||||||||||
10 Years | rr_ExpenseExampleYear10 | 6,408 | ||||||||||||
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 324 | ||||||||||||
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 989 | ||||||||||||
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 2,607 | ||||||||||||
10 Years | rr_ExpenseExampleNoRedemptionYear10 | 6,408 | ||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 9.92% | ||||||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 8.71% | ||||||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Dec. 30, 2008 | ||||||||||||
Nuveen Equity Long/Short Fund | Class I
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Risk/Return: | rr_RiskReturnAbstract | |||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of purchase price or redemption proceeds) | rr_MaximumDeferredSalesChargeOverOther | none | [1] | |||||||||||
Maximum Sales Charge (Load) Imposed on Reinvested Dividends | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||||||||||
Exchange Fee | rr_ExchangeFeeOverRedemption | none | ||||||||||||
Annual Low Balance Account Fee (for accounts under $1,000) | rr_MaximumAccountFee | 15 | [2] | |||||||||||
Management Fees | rr_ManagementFeesOverAssets | 1.28% | [3] | |||||||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||||||||||
Dividend Expense on Securities Sold Short | rr_Component1OtherExpensesOverAssets | 0.58% | ||||||||||||
Enhanced Custody Expense | rr_Component2OtherExpensesOverAssets | 0.13% | ||||||||||||
Remainder of Other Expenses | rr_Component3OtherExpensesOverAssets | 5.99% | [3] | |||||||||||
Total Other Expenses | rr_OtherExpensesOverAssets | 6.70% | ||||||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 7.98% | ||||||||||||
Fee Waivers and/or Expense Reimbursements | rr_FeeWaiverOrReimbursementOverAssets | (5.91%) | [4] | |||||||||||
Total Annual Fund Operation Expenses After Fee Waivers and/or Expense Reimbursements | rr_NetExpensesOverAssets | 2.07% | ||||||||||||
1 Year | rr_ExpenseExampleYear01 | 210 | ||||||||||||
3 Years | rr_ExpenseExampleYear03 | 649 | ||||||||||||
5 Years | rr_ExpenseExampleYear05 | 2,246 | ||||||||||||
10 Years | rr_ExpenseExampleYear10 | 6,086 | ||||||||||||
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 210 | ||||||||||||
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 649 | ||||||||||||
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 2,246 | ||||||||||||
10 Years | rr_ExpenseExampleNoRedemptionYear10 | 6,086 | ||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 11.11% | ||||||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 9.82% | ||||||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Dec. 30, 2008 | ||||||||||||
Nuveen Equity Long/Short Fund | (return after taxes on distributions) | Class A
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Risk/Return: | rr_RiskReturnAbstract | |||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 3.13% | ||||||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 7.29% | ||||||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Dec. 30, 2008 | ||||||||||||
Nuveen Equity Long/Short Fund | (return after taxes on distributions and sale of Fund shares) | Class A
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Risk/Return: | rr_RiskReturnAbstract | |||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 4.63% | ||||||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 6.76% | ||||||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Dec. 30, 2008 | ||||||||||||
Nuveen Equity Long/Short Fund | Russell 1000 Index (reflects no deduction for fees, expenses or taxes)
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Risk/Return: | rr_RiskReturnAbstract | |||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 16.42% | [6] | |||||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 15.64% | [6] | |||||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Dec. 30, 2008 | [6] | |||||||||||
Nuveen Equity Long/Short Fund | Russell 1000 Growth Index (reflects no deduction for fees, expenses or taxes)
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Risk/Return: | rr_RiskReturnAbstract | |||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 15.26% | ||||||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 17.69% | ||||||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Dec. 30, 2008 | ||||||||||||
Nuveen Equity Long/Short Fund | Lipper Long/Short Equity Classification Average (reflects no deduction for taxes or certain expenses)
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Risk/Return: | rr_RiskReturnAbstract | |||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 5.28% | ||||||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 7.40% | ||||||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Dec. 30, 2008 | ||||||||||||
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