mikecupertino

Four Reasons to Like Nuveen Multi-Strategy Income and Growth Fund

The ROR on this fund since inception taking into account price change and dividends (using the excel function IRR) is -6.5%. I realize that past performance is not a perfect indicator of future performance, but I don't understand why anyone would both buy and recommend others to consider buying a fund with a 5 year history of negative total returns to investors. JQC is a dog.

Also, according to Morningstar, the expense ratio is 1.02% and the turnover rate is 78% which jacks up expenses even more.