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Nuveen ESG High Yield Corporate Bond ETF
ETF
NUHY
Payout Change
Pending
Price as of:
$20.51
-0.03
-0.15%
primary theme
High Yield Bond
NUHY (ETF)
Nuveen ESG High Yield Corporate Bond ETF
Payout Change
Pending
Price as of:
$20.51
-0.03
-0.15%
primary theme
High Yield Bond
NUHY (ETF)
Nuveen ESG High Yield Corporate Bond ETF
Payout Change
Pending
Price as of:
$20.51
-0.03
-0.15%
primary theme
High Yield Bond
Name
As of 04/17/2024Price
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
-0.9%
1 yr return
6.6%
3 Yr Avg Return
-0.3%
5 Yr Avg Return
N/A
Net Assets
$105 M
Holdings in Top 10
13.5%
52 WEEK LOW AND HIGH
$20.5
$19.53
$21.18
Expenses
OPERATING FEES
Expense Ratio 0.31%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 65.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/17/2024Price
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
NUHY - Profile
Distributions
- YTD Total Return -0.9%
- 3 Yr Annualized Total Return -0.3%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.14%
- Dividend Yield 6.2%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameNuveen ESG High Yield Corporate Bond ETF
-
Fund Family NameNuveen Funds
-
Inception DateSep 25, 2019
-
Shares Outstanding4400000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerLijun (Kevin) Chen
Fund Description
The Fund seeks to track the investment results of the Index. The Index utilizes certain environmental, social, and governance (“ESG”) criteria to select from the securities included in the Bloomberg U.S. High Yield Very Liquid Index (the “Base Index”), which is designed to broadly capture the U.S. dollar-denominated, high yield, fixed-rate corporate bond market. The Index is maintained by Bloomberg Index Services Limited (“Bloomberg”) pursuant to an agreement between Bloomberg and MSCI ESG Research LLC (“MSCI ESG Research” and, together with Bloomberg, the “Index Providers”). Neither the Fund’s investment adviser, sub‑adviser, nor their affiliates has any discretion to select Index components or change the Index methodology. As of October 31, 2023, the Index was comprised of 728 securities.
The Index draws from the universe defined by the Base Index, which is comprised of U.S. dollar-denominated, below investment grade, corporate bonds with above average liquidity issued by U.S. and non-U.S. governments and corporations. Below investment grade securities are commonly referred to as “high yield” or “junk” bonds. To be included in the Base Index, a bond must be rated high yield (Ba1/BB+/BB+ or below) using the middle rating of
Moody’s, Standard & Poor’s and Fitch or, if ratings are not available from all three agencies, in accordance with the Base Index methodology’s “high yield” credit quality classification rules. Bonds in default do not qualify for inclusion in the Base Index. The Base Index is comprised of fixed-rate, taxable corporate bonds that have a remaining maturity of at least one year regardless of optionality, and have $500 million or more of outstanding face value. To be eligible for inclusion in the Base Index, a bond must have been issued in the past 5 years. The Base Index also limits the exposure of each issuer to 2% of the Base Index.
The Index identifies fixed income securities from the Base Index that satisfy certain ESG criteria, based on ESG performance data collected by MSCI ESG Research. With respect to corporate debt securities, ESG performance is measured on an industry-specific basis, with assessment categories varying by industry. Companies are scored and ranked against industry peers using a consistent set of key performance indicators to determine relative ESG strength. Environmental assessment categories can include how a company is addressing climate change, natural resource use, and waste management and emission management. Social evaluation categories can include a company’s relations with employees and suppliers, product safety and sourcing practices. Governance assessment categories can include governance practices and business ethics. The ESG criteria also consider how well a company adheres to national and international laws and regulations related to ESG matters. Index rules exclude companies with significant activities in the following controversial businesses: alcohol production, tobacco production, nuclear power, gambling, and weapons and firearms production. Companies otherwise eligible for inclusion in the Index that exceed certain carbon-based ownership and emissions thresholds are excluded from the Index.
Corporate debt securities that meet a minimum ESG rating threshold are eligible for inclusion in the Index. Eligible securities are then market value weighted within each sector, with sector weights in the Index adjusted to mirror the sector exposure of the Base Index. Eligible securities are sorted into a series of groups according to credit rating and ESG score. The Index allocates weight to each group seeking to maximize the ESG‑rating with consideration for market value, Base Index sector weight, Base Index credit quality, and given the level of tracking error capacity.
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 Index is rebalanced and reconstituted monthly. ESG ratings employed by the Index are generally updated annually on a rolling basis, but may be reviewed more frequently in the Index Providers’ discretion. The Fund makes corresponding changes to its portfolio shortly after any Index changes are made public.
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 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.
NUHY - Performance
Return Ranking - Trailing
| Period | NUHY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.9% | -6.8% | 4.6% | 89.50% |
| 1 Yr | 6.6% | -9.2% | 14.6% | 70.75% |
| 3 Yr | -0.3%* | -16.4% | 19.8% | 82.92% |
| 5 Yr | N/A* | -11.9% | 36.5% | 8.70% |
| 10 Yr | N/A* | -4.8% | 19.3% | 8.20% |
* Annualized
Return Ranking - Calendar
| Period | NUHY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.8% | -4.7% | 14.3% | 81.28% |
| 2022 | -17.0% | -33.4% | 3.6% | 74.17% |
| 2021 | -2.4% | -8.4% | 14.9% | 91.97% |
| 2020 | -1.2% | -13.9% | 302.7% | 71.11% |
| 2019 | N/A | -4.4% | 13.3% | N/A |
Total Return Ranking - Trailing
| Period | NUHY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.9% | -6.8% | 4.6% | 89.50% |
| 1 Yr | 6.6% | -9.2% | 14.6% | 70.75% |
| 3 Yr | -0.3%* | -16.4% | 19.8% | 82.92% |
| 5 Yr | N/A* | -11.9% | 36.5% | N/A |
| 10 Yr | N/A* | -4.8% | 19.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | NUHY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.2% | -4.7% | 18.2% | 70.83% |
| 2022 | -11.8% | -33.4% | 47.8% | 74.65% |
| 2021 | 2.5% | -8.4% | 24.8% | 91.80% |
| 2020 | 4.1% | -9.6% | 325.6% | 71.11% |
| 2019 | N/A | 0.9% | 21.5% | N/A |
NUHY - Holdings
Concentration Analysis
| NUHY | Category Low | Category High | NUHY % Rank | |
|---|---|---|---|---|
| Net Assets | 105 M | 1.45 M | 23.6 B | 81.51% |
| Number of Holdings | 413 | 2 | 2736 | 37.62% |
| Net Assets in Top 10 | 13.9 M | -492 M | 4.45 B | 84.06% |
| Weighting of Top 10 | 13.48% | 4.2% | 146.9% | 50.00% |
Top 10 Holdings
- State Street Navigator Securities Lending Government Money Market Portfolio 4.74%
- Intelsat Jackson Holdings SA 1.37%
- Frontier Communications Holdings LLC 1.13%
- VZ Secured Financing BV 1.08%
- Select Medical Corp 0.91%
- Hawaiian Brand Intellectual Property Ltd / HawaiianMiles Loyalty Ltd 0.87%
- Windstream Escrow LLC / Windstream Escrow Finance Corp 0.86%
- Ziggo BV 0.86%
- Organon Co / Organon Foreign Debt Co-Issuer BV 0.84%
- Level 3 Financing Inc 0.82%
Asset Allocation
| Weighting | Return Low | Return High | NUHY % Rank | |
|---|---|---|---|---|
| Bonds | 97.87% | -3.13% | 154.38% | 9.40% |
| Cash | 4.74% | -52.00% | 48.07% | 38.54% |
| Convertible Bonds | 1.02% | 0.00% | 17.89% | 53.10% |
| Stocks | 0.00% | 0.00% | 99.54% | 86.13% |
| Preferred Stocks | 0.00% | 0.00% | 7.88% | 70.28% |
| Other | 0.00% | -63.70% | 102.57% | 62.07% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | NUHY % Rank | |
|---|---|---|---|---|
| Corporate | 99.68% | 0.00% | 129.69% | 2.79% |
| Cash & Equivalents | 4.74% | 0.00% | 48.07% | 32.66% |
| Derivative | 0.00% | -15.04% | 42.26% | 57.43% |
| Securitized | 0.00% | 0.00% | 97.24% | 72.87% |
| Municipal | 0.00% | 0.00% | 4.66% | 51.94% |
| Government | 0.00% | 0.00% | 99.07% | 64.96% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | NUHY % Rank | |
|---|---|---|---|---|
| US | 97.87% | -3.13% | 129.21% | 6.04% |
| Non US | 0.00% | 0.00% | 98.19% | 68.11% |
NUHY - Expenses
Operational Fees
| NUHY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.31% | 0.04% | 31.61% | 97.83% |
| Management Fee | 0.30% | 0.00% | 1.84% | 5.71% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| NUHY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| NUHY 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.
| NUHY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 65.00% | 1.00% | 255.00% | 52.80% |
NUHY - Distributions
Dividend Yield Analysis
| NUHY | Category Low | Category High | NUHY % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.17% | 0.00% | 48.30% | 16.46% |
Dividend Distribution Analysis
| NUHY | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| NUHY | Category Low | Category High | NUHY % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.14% | -2.39% | 14.30% | 64.25% |
Capital Gain Distribution Analysis
| NUHY | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Apr 03, 2024 | $0.130 | OrdinaryDividend |
| Mar 05, 2024 | $0.106 | OrdinaryDividend |
| Feb 05, 2024 | $0.112 | OrdinaryDividend |
| Dec 18, 2023 | $0.148 | OrdinaryDividend |
| Dec 05, 2023 | $0.121 | OrdinaryDividend |
| Nov 03, 2023 | $0.119 | OrdinaryDividend |
| Oct 04, 2023 | $0.110 | OrdinaryDividend |
| Sep 06, 2023 | $0.123 | OrdinaryDividend |
| Aug 03, 2023 | $0.119 | OrdinaryDividend |
| Jul 06, 2023 | $0.114 | OrdinaryDividend |
| Jun 05, 2023 | $0.120 | OrdinaryDividend |
| May 03, 2023 | $0.110 | OrdinaryDividend |
| Apr 05, 2023 | $0.114 | OrdinaryDividend |
| Mar 03, 2023 | $0.096 | OrdinaryDividend |
| Feb 03, 2023 | $0.105 | OrdinaryDividend |
| Dec 19, 2022 | $0.122 | OrdinaryDividend |
| Dec 05, 2022 | $0.115 | OrdinaryDividend |
| Nov 03, 2022 | $0.140 | OrdinaryDividend |
| Oct 05, 2022 | $0.111 | OrdinaryDividend |
| Sep 06, 2022 | $0.099 | OrdinaryDividend |
| Aug 03, 2022 | $0.107 | OrdinaryDividend |
| Jul 06, 2022 | $0.110 | OrdinaryDividend |
| Jun 03, 2022 | $0.104 | OrdinaryDividend |
| May 04, 2022 | $0.101 | OrdinaryDividend |
| Apr 05, 2022 | $0.101 | OrdinaryDividend |
| Mar 03, 2022 | $0.088 | OrdinaryDividend |
| Feb 03, 2022 | $0.091 | OrdinaryDividend |
| Dec 20, 2021 | $0.120 | OrdinaryDividend |
| Dec 03, 2021 | $0.099 | OrdinaryDividend |
| Nov 03, 2021 | $0.102 | OrdinaryDividend |
| Oct 05, 2021 | $0.106 | OrdinaryDividend |
| Sep 03, 2021 | $0.096 | OrdinaryDividend |
| Aug 04, 2021 | $0.088 | OrdinaryDividend |
| Jul 06, 2021 | $0.106 | OrdinaryDividend |
| Jun 03, 2021 | $0.099 | OrdinaryDividend |
| May 05, 2021 | $0.099 | OrdinaryDividend |
| Apr 06, 2021 | $0.099 | OrdinaryDividend |
| Mar 03, 2021 | $0.097 | OrdinaryDividend |
| Feb 03, 2021 | $0.080 | OrdinaryDividend |
| Dec 21, 2020 | $0.120 | OrdinaryDividend |
| Dec 03, 2020 | $0.110 | OrdinaryDividend |
| Nov 04, 2020 | $0.096 | OrdinaryDividend |
| Oct 05, 2020 | $0.109 | OrdinaryDividend |
| Sep 03, 2020 | $0.108 | OrdinaryDividend |
| Aug 05, 2020 | $0.111 | OrdinaryDividend |
| Jul 06, 2020 | $0.073 | OrdinaryDividend |
| Jun 03, 2020 | $0.097 | OrdinaryDividend |
| May 05, 2020 | $0.107 | OrdinaryDividend |
| Apr 03, 2020 | $0.125 | OrdinaryDividend |
| Mar 04, 2020 | $0.119 | OrdinaryDividend |
| Feb 05, 2020 | $0.103 | OrdinaryDividend |
| Dec 31, 2019 | $0.107 | OrdinaryDividend |
| Dec 04, 2019 | $0.107 | OrdinaryDividend |
| Nov 05, 2019 | $0.133 | OrdinaryDividend |
NUHY - Fund Manager Analysis
Managers
Lijun (Kevin) Chen
Start Date
Tenure
Tenure Rank
Sep 25, 2019
2.68
2.7%
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 |
|---|---|---|---|
| 0.13 | 37.79 | 7.12 | 8.17 |
