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Nuveen Enhanced Yield U.S. Aggregate Bond ETF
ETF
NUAG
Payout Change
Pending
Price as of:
$21.22
+0.01
+0.05%
primary theme
U.S. Intermediate-Term Bond Duration
NUAG (ETF)
Nuveen Enhanced Yield U.S. Aggregate Bond ETF
Payout Change
Pending
Price as of:
$21.22
+0.01
+0.05%
primary theme
U.S. Intermediate-Term Bond Duration
NUAG (ETF)
Nuveen Enhanced Yield U.S. Aggregate Bond ETF
Payout Change
Pending
Price as of:
$21.22
+0.01
+0.05%
primary theme
U.S. Intermediate-Term Bond Duration
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
3.6%
1 yr return
11.8%
3 Yr Avg Return
-1.5%
5 Yr Avg Return
0.3%
Net Assets
$29.2 M
Holdings in Top 10
17.8%
52 WEEK LOW AND HIGH
$21.2
$19.43
$21.67
Expenses
OPERATING FEES
Expense Ratio 0.21%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 235.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
NUAG - Profile
Distributions
- YTD Total Return 3.6%
- 3 Yr Annualized Total Return -1.5%
- 5 Yr Annualized Total Return 0.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.32%
- Dividend Yield 4.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameNuveen Enhanced Yield U.S. Aggregate Bond ETF
-
Fund Family NameNuveen Funds
-
Inception DateSep 14, 2016
-
Shares Outstanding14300000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerLijun (Kevin) Chen
Fund Description
The Fund seeks to track the investment results of its Index. The Index is designed to broadly capture the U.S. investment grade fixed income market, as represented by the ICE BofA U.S. Broad Market Index (the “Base Index”). Unlike the Base Index, the Index does not weight component securities by market capitalization. Instead, the Index first assigns component securities from the Base Index into a variety of categories based upon asset class, sector, credit quality, duration and maturity. The Index then employs a rules-based methodology to allocate higher weights to categories with the potential for higher yields than the Base Index while seeking to maintain risk and credit quality at levels similar to those of the Base Index by limiting the amount of deviation between the two indices with respect to sector and category weights, tracking error, duration, and turnover. After the Index assigns a weight to each category (negative weights for a category are not permitted), individual component securities within each category are weighted based on their relative market capitalizations. The Base Index and Index are both rebalanced and reconstituted on a monthly basis. As of October 31, 2023, the Index was comprised of 11,476 securities.
The Index draws from the universe defined by the Base Index, which consists of U.S. dollar-denominated, investment grade taxable debt securities with fixed rate coupons that have at least one year to final maturity. The Index is principally comprised of U.S. government securities (securities issued or guaranteed by the U.S. government or its agencies or instrumentalities), debt securities issued by U.S. corporations, residential and commercial mortgage-backed securities (“MBS”), asset-backed securities (“ABS”), and U.S. dollar-denominated debt securities issued by corporations that are publicly offered for sale in the United States.
The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally invests in a sample of the securities in the Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole. The Fund reconstitutes and rebalances its holdings monthly in response to the monthly Index reconstitution and rebalance. The Fund may sell securities that are represented in the Index in anticipation of their removal from the Index, or buy securities that are not yet represented in the Index in anticipation of their addition to the Index.
The Fund may use an investment strategy called “dollar rolls” (also referred to as “mortgage rolls”), in which the Fund sells securities for delivery in the current month and simultaneously contracts with a counterparty to repurchase similar (same type, coupon and maturity) but not identical securities on a specified future date.
Under normal market conditions, the Fund will (i) invest at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in fixed income securities and (ii) invest at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in U.S. dollar-denominated securities that are publicly offered for sale in the United States.
Under normal market conditions, the Fund invests at least 80% of its assets, exclusive of collateral held from securities lending, in component securities of the Index. To the extent the Index concentrates (i.e., holds 25% or more of its total assets) in the securities of companies in a particular industry or group of industries, the Fund will concentrate its investments to approximately the same extent as the Index.
NUAG - Performance
Return Ranking - Trailing
| Period | NUAG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.6% | -2.7% | 11.7% | 45.61% |
| 1 Yr | 11.8% | -3.4% | 23.7% | 20.20% |
| 3 Yr | -1.5%* | -9.9% | 28.6% | 26.30% |
| 5 Yr | 0.3%* | -7.2% | 59.0% | 47.15% |
| 10 Yr | N/A* | -2.6% | 73.9% | 9.66% |
* Annualized
Return Ranking - Calendar
| Period | NUAG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.2% | -16.2% | 8.1% | 8.41% |
| 2022 | -16.9% | -34.7% | 131.9% | 75.03% |
| 2021 | -4.2% | -11.6% | 4.4% | 82.46% |
| 2020 | 4.4% | -10.1% | 946.1% | 46.37% |
| 2019 | 6.3% | -1.7% | 16.9% | 26.36% |
Total Return Ranking - Trailing
| Period | NUAG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.6% | -2.7% | 11.7% | 45.61% |
| 1 Yr | 11.8% | -3.4% | 23.7% | 20.20% |
| 3 Yr | -1.5%* | -9.9% | 28.6% | 26.30% |
| 5 Yr | 0.3%* | -7.2% | 59.0% | 47.15% |
| 10 Yr | N/A* | -2.6% | 73.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | NUAG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.5% | -11.3% | 11.9% | 9.74% |
| 2022 | -14.0% | -32.2% | 131.9% | 61.70% |
| 2021 | -2.0% | -9.4% | 9.2% | 87.28% |
| 2020 | 7.5% | -1.9% | 1009.0% | 70.86% |
| 2019 | 10.1% | 1.1% | 21668.0% | 16.31% |
NUAG - Holdings
Concentration Analysis
| NUAG | Category Low | Category High | NUAG % Rank | |
|---|---|---|---|---|
| Net Assets | 29.2 M | 2.9 M | 314 B | 96.94% |
| Number of Holdings | 700 | 1 | 17787 | 50.41% |
| Net Assets in Top 10 | 6.37 M | 1.62 M | 36.1 B | 97.85% |
| Weighting of Top 10 | 17.80% | 4.4% | 432.9% | 70.33% |
Top 10 Holdings
- United States Treasury Note/Bond 3.34%
- United States Treasury Note/Bond 1.96%
- United States Treasury Note/Bond 1.85%
- United States Treasury Note/Bond 1.73%
- State Street Navigator Securities Lending Government Money Market Portfolio 1.69%
- United States Treasury Note/Bond 1.69%
- United States Treasury Note/Bond 1.57%
- United States Treasury Note/Bond 1.40%
- United States Treasury Note/Bond 1.39%
- United States Treasury Note/Bond 1.20%
Asset Allocation
| Weighting | Return Low | Return High | NUAG % Rank | |
|---|---|---|---|---|
| Bonds | 92.28% | 0.00% | 993.61% | 66.12% |
| Other | 6.03% | -16.55% | 52.94% | 37.42% |
| Cash | 1.69% | -54.51% | 237.69% | 62.27% |
| Convertible Bonds | 1.47% | 0.00% | 7.93% | 49.33% |
| Stocks | 0.00% | 0.00% | 99.99% | 99.69% |
| Preferred Stocks | 0.00% | 0.00% | 71.02% | 99.49% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | NUAG % Rank | |
|---|---|---|---|---|
| Government | 35.23% | 0.00% | 86.23% | 28.63% |
| Corporate | 33.30% | 0.00% | 100.00% | 41.71% |
| Securitized | 27.89% | 0.00% | 98.40% | 55.10% |
| Municipal | 2.96% | 0.00% | 100.00% | 10.92% |
| Cash & Equivalents | 1.69% | -0.46% | 237.69% | 60.43% |
| Derivative | 0.00% | -1.41% | 44.82% | 83.23% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | NUAG % Rank | |
|---|---|---|---|---|
| US | 92.28% | 0.00% | 993.61% | 59.41% |
| Non US | 0.00% | 0.00% | 35.41% | 99.49% |
NUAG - Expenses
Operational Fees
| NUAG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.21% | 0.01% | 39.64% | 94.24% |
| Management Fee | 0.20% | 0.00% | 1.76% | 11.05% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| NUAG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| NUAG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| NUAG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 235.00% | 2.00% | 493.39% | 74.22% |
NUAG - Distributions
Dividend Yield Analysis
| NUAG | Category Low | Category High | NUAG % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.71% | 0.00% | 10.11% | 29.08% |
Dividend Distribution Analysis
| NUAG | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | SemiAnnual |
Net Income Ratio Analysis
| NUAG | Category Low | Category High | NUAG % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.32% | -1.28% | 4.79% | 73.60% |
Capital Gain Distribution Analysis
| NUAG | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 01, 2024 | $0.083 | OrdinaryDividend |
| Sep 03, 2024 | $0.089 | OrdinaryDividend |
| Aug 01, 2024 | $0.071 | OrdinaryDividend |
| Jul 01, 2024 | $0.059 | OrdinaryDividend |
| Jun 03, 2024 | $0.065 | OrdinaryDividend |
| May 01, 2024 | $0.072 | OrdinaryDividend |
| Apr 01, 2024 | $0.078 | OrdinaryDividend |
| Mar 01, 2024 | $0.070 | OrdinaryDividend |
| Feb 01, 2024 | $0.073 | OrdinaryDividend |
| Dec 14, 2023 | $0.084 | OrdinaryDividend |
| Dec 01, 2023 | $0.078 | OrdinaryDividend |
| Nov 01, 2023 | $0.074 | OrdinaryDividend |
| Oct 02, 2023 | $0.067 | OrdinaryDividend |
| Sep 01, 2023 | $0.076 | OrdinaryDividend |
| Aug 01, 2023 | $0.067 | OrdinaryDividend |
| Jul 03, 2023 | $0.069 | OrdinaryDividend |
| Jun 01, 2023 | $0.071 | OrdinaryDividend |
| May 01, 2023 | $0.064 | OrdinaryDividend |
| Apr 03, 2023 | $0.068 | OrdinaryDividend |
| Mar 01, 2023 | $0.060 | OrdinaryDividend |
| Feb 01, 2023 | $0.059 | OrdinaryDividend |
| Dec 15, 2022 | $0.084 | OrdinaryDividend |
| Dec 01, 2022 | $0.074 | OrdinaryDividend |
| Nov 01, 2022 | $0.079 | OrdinaryDividend |
| Oct 03, 2022 | $0.094 | OrdinaryDividend |
| Sep 01, 2022 | $0.053 | OrdinaryDividend |
| Aug 01, 2022 | $0.053 | OrdinaryDividend |
| Jul 01, 2022 | $0.073 | OrdinaryDividend |
| Jun 01, 2022 | $0.048 | OrdinaryDividend |
| May 02, 2022 | $0.049 | OrdinaryDividend |
| Apr 01, 2022 | $0.047 | OrdinaryDividend |
| Mar 01, 2022 | $0.042 | OrdinaryDividend |
| Feb 01, 2022 | $0.041 | OrdinaryDividend |
| Dec 16, 2021 | $0.057 | OrdinaryDividend |
| Dec 01, 2021 | $0.045 | OrdinaryDividend |
| Nov 01, 2021 | $0.039 | OrdinaryDividend |
| Oct 01, 2021 | $0.044 | OrdinaryDividend |
| Sep 01, 2021 | $0.027 | OrdinaryDividend |
| Aug 02, 2021 | $0.019 | OrdinaryDividend |
| Jul 01, 2021 | $0.048 | OrdinaryDividend |
| Jun 01, 2021 | $0.114 | OrdinaryDividend |
| May 03, 2021 | $0.035 | OrdinaryDividend |
| Apr 01, 2021 | $0.068 | OrdinaryDividend |
| Mar 01, 2021 | $0.041 | OrdinaryDividend |
| Feb 01, 2021 | $0.023 | OrdinaryDividend |
| Dec 17, 2020 | $0.059 | OrdinaryDividend |
| Dec 01, 2020 | $0.051 | OrdinaryDividend |
| Nov 02, 2020 | $0.048 | OrdinaryDividend |
| Oct 01, 2020 | $0.123 | OrdinaryDividend |
| Sep 01, 2020 | $0.026 | OrdinaryDividend |
| Aug 03, 2020 | $0.059 | OrdinaryDividend |
| Jul 01, 2020 | $0.094 | OrdinaryDividend |
| Jun 01, 2020 | $0.036 | OrdinaryDividend |
| May 01, 2020 | $0.119 | OrdinaryDividend |
| Apr 01, 2020 | $0.056 | OrdinaryDividend |
| Mar 02, 2020 | $0.058 | OrdinaryDividend |
| Feb 03, 2020 | $0.026 | OrdinaryDividend |
| Dec 27, 2019 | $0.078 | OrdinaryDividend |
| Dec 02, 2019 | $0.097 | OrdinaryDividend |
| Nov 01, 2019 | $0.087 | OrdinaryDividend |
| Oct 01, 2019 | $0.051 | OrdinaryDividend |
| Sep 03, 2019 | $0.067 | OrdinaryDividend |
| Aug 01, 2019 | $0.069 | OrdinaryDividend |
| Jul 01, 2019 | $0.171 | OrdinaryDividend |
| Jun 03, 2019 | $0.072 | OrdinaryDividend |
| May 01, 2019 | $0.029 | OrdinaryDividend |
| Apr 01, 2019 | $0.053 | OrdinaryDividend |
| Mar 01, 2019 | $0.049 | OrdinaryDividend |
| Feb 01, 2019 | $0.050 | OrdinaryDividend |
| Dec 26, 2018 | $0.065 | OrdinaryDividend |
| Dec 03, 2018 | $0.072 | OrdinaryDividend |
| Nov 01, 2018 | $0.106 | OrdinaryDividend |
| Oct 01, 2018 | $0.070 | OrdinaryDividend |
| Sep 04, 2018 | $0.066 | OrdinaryDividend |
| Aug 01, 2018 | $0.034 | OrdinaryDividend |
| Jul 02, 2018 | $0.123 | OrdinaryDividend |
| Jun 01, 2018 | $0.053 | OrdinaryDividend |
| May 01, 2018 | $0.068 | OrdinaryDividend |
| Apr 02, 2018 | $0.066 | OrdinaryDividend |
| Mar 01, 2018 | $0.066 | OrdinaryDividend |
| Feb 01, 2018 | $0.057 | OrdinaryDividend |
| Dec 26, 2017 | $0.070 | ExtraDividend |
| Dec 26, 2017 | $0.062 | OrdinaryDividend |
| Dec 01, 2017 | $0.064 | OrdinaryDividend |
| Nov 01, 2017 | $0.064 | OrdinaryDividend |
| Oct 02, 2017 | $0.062 | OrdinaryDividend |
| Sep 01, 2017 | $0.062 | OrdinaryDividend |
| Aug 01, 2017 | $0.064 | OrdinaryDividend |
| Jul 03, 2017 | $0.064 | OrdinaryDividend |
| Jun 01, 2017 | $0.070 | OrdinaryDividend |
| May 01, 2017 | $0.061 | OrdinaryDividend |
| Apr 03, 2017 | $0.061 | OrdinaryDividend |
| Mar 01, 2017 | $0.060 | OrdinaryDividend |
| Feb 01, 2017 | $0.063 | OrdinaryDividend |
| Dec 23, 2016 | $0.005 | CapitalGainShortTerm |
| Dec 23, 2016 | $0.074 | OrdinaryDividend |
| Dec 01, 2016 | $0.054 | OrdinaryDividend |
| Nov 01, 2016 | $0.057 | OrdinaryDividend |
NUAG - Fund Manager Analysis
Managers
Lijun (Kevin) Chen
Start Date
Tenure
Tenure Rank
Sep 14, 2016
5.71
5.7%
TIAA—2006 to Present (quantitative portfolio management); previously, fixed-income quantitative strategies, enterprise risk management
James Tsang
Start Date
Tenure
Tenure Rank
Nov 30, 2021
0.5
0.5%
James is a quantitative portfolio manager for Nuveen’s global fixed income team and is responsible for quantitative portfolio strategies, derivatives analytics, and performance analysis. In addition, he is the co-portfolio manager of the Bond Index strategy. Prior to joining the firm in 2007, James was a senior quantitative analyst at AIG Investment Management Co., where he was responsible for portfolio and derivatives investment strategies. Prior to that, James held positions at AIG, Brown Brothers Harriman & Co., Mackenzie Investment Management Inc., and EBF & Associates Fixed Income Arbitrage Hedge Fund. James graduated with a B.S. in Applied Mathematics from Anhui University, an M.S. in Computational Mathematics from Chinese Academy of Sciences, a Ph.D. in Statistics from Michigan State University, and an M.S. in Financial Mathematics from the University of Chicago.
Rui (Vivian) Liu
Start Date
Tenure
Tenure Rank
Nov 30, 2021
0.5
0.5%
Vivian is a quantitative fixed income portfolio manager covering fixed income ETFs. She is primarily responsible for ETF portfolio activities, on-going quant investment strategies and quantitative tools and platform developments. Prior to joining the firm in 2019, Vivian held various roles at Capital One Financial Corporate, JP Morgan Chase & Co., and most recently, MetLife Investment Management. Vivian graduated with a Ph.D. in Electrical Engineering from University of Houston. She also holds the CFA designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 33.43 | 6.78 | 1.16 |
