Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
You take care of your investments. We like that.
Upgrade to Premium to access your Watchlist and more.
Nuveen ESG U.S. Aggregate Bond ETF
ETF
NUBD
Payout Change
Pending
Price as of:
$21.77
+0.07
+0.32%
primary theme
U.S. Intermediate-Term Bond Duration
NUBD (ETF)
Nuveen ESG U.S. Aggregate Bond ETF
Payout Change
Pending
Price as of:
$21.77
+0.07
+0.32%
primary theme
U.S. Intermediate-Term Bond Duration
NUBD (ETF)
Nuveen ESG U.S. Aggregate Bond ETF
Payout Change
Pending
Price as of:
$21.77
+0.07
+0.32%
primary theme
U.S. Intermediate-Term Bond Duration
Name
As of 12/20/2024Price
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
1.3%
1 yr return
1.5%
3 Yr Avg Return
-2.5%
5 Yr Avg Return
-0.5%
Net Assets
$418 M
Holdings in Top 10
10.5%
52 WEEK LOW AND HIGH
$21.7
$21.33
$22.87
Expenses
OPERATING FEES
Expense Ratio 0.16%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 33.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 12/20/2024Price
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
NUBD - Profile
Distributions
- YTD Total Return 1.3%
- 3 Yr Annualized Total Return -2.5%
- 5 Yr Annualized Total Return -0.5%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.69%
- Dividend Yield 2.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameNuveen ESG U.S. Aggregate Bond ETF
-
Fund Family NameNuveen Funds
-
Inception DateSep 29, 2017
-
Shares Outstanding10900000
-
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. Aggregate Bond Index (the “Base Index”), which is designed to broadly capture the U.S. investment grade, taxable fixed income 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 sub-adviser nor its affiliates has any discretion to select Index components or change the Index methodology. As of October 31, 2024, the Index was comprised of 10,767 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 meet certain minimum market value and maturity thresholds as determined by the Index Providers. The Base 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 Index identifies fixed income securities from the Base Index that satisfy certain ESG criteria, based on ESG performance data collected by MSCI ESG Research. ABS and MBS are included in the Index without reference to ESG
criteria; other securities for which ESG performance data is not available are excluded from the Index. 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 a company’s impact on 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.
With respect to government securities, U.S. governments receive an ESG rating based on the government issuer’s performance on six ESG risk factors: Natural Resources, Environmental Externalities & Vulnerability, Human Capital, Economic Environment, Financial Governance and Political Governance. Corporate debt and government 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.
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.
NUBD - Performance
Return Ranking - Trailing
| Period | NUBD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.3% | -7.5% | 11.4% | 66.60% |
| 1 Yr | 1.5% | -6.5% | 14.2% | 66.49% |
| 3 Yr | -2.5%* | -10.6% | 27.3% | 46.91% |
| 5 Yr | -0.5%* | -7.5% | 58.4% | 73.04% |
| 10 Yr | N/A* | -3.0% | 73.7% | 9.97% |
* Annualized
Return Ranking - Calendar
| Period | NUBD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.3% | -16.2% | 8.1% | 40.54% |
| 2022 | -15.2% | -34.7% | 131.9% | 25.53% |
| 2021 | -4.2% | -11.6% | 4.4% | 81.76% |
| 2020 | 4.8% | -9.9% | 946.1% | 35.33% |
| 2019 | 5.3% | -1.7% | 16.9% | 58.70% |
Total Return Ranking - Trailing
| Period | NUBD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.3% | -7.5% | 11.4% | 66.60% |
| 1 Yr | 1.5% | -6.5% | 14.2% | 66.49% |
| 3 Yr | -2.5%* | -10.6% | 27.3% | 46.91% |
| 5 Yr | -0.5%* | -7.5% | 58.4% | 73.04% |
| 10 Yr | N/A* | -3.0% | 73.7% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | NUBD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.4% | -11.3% | 11.9% | 72.56% |
| 2022 | -12.9% | -32.2% | 131.9% | 26.49% |
| 2021 | -2.2% | -9.4% | 9.2% | 91.32% |
| 2020 | 7.2% | -1.9% | 1009.0% | 76.99% |
| 2019 | 8.2% | 1.1% | 21668.0% | 67.71% |
NUBD - Holdings
Concentration Analysis
| NUBD | Category Low | Category High | NUBD % Rank | |
|---|---|---|---|---|
| Net Assets | 418 M | 2.9 M | 314 B | 70.19% |
| Number of Holdings | 1745 | 1 | 17880 | 22.72% |
| Net Assets in Top 10 | 38.6 M | 1.62 M | 35.1 B | 84.34% |
| Weighting of Top 10 | 10.47% | 4.7% | 3984.6% | 94.38% |
Top 10 Holdings
- Fannie Mae Pool 1.56%
- United States Treasury Note/Bond 1.28%
- United States Treasury Note/Bond 1.06%
- United States Treasury Note/Bond 1.03%
- United States Treasury Note/Bond 1.03%
- United States Treasury Note/Bond 1.00%
- United States Treasury Note/Bond 0.91%
- United States Treasury Note/Bond 0.89%
- United States Treasury Note/Bond 0.86%
- United States Treasury Note/Bond 0.86%
Asset Allocation
| Weighting | Return Low | Return High | NUBD % Rank | |
|---|---|---|---|---|
| Bonds | 98.53% | 0.00% | 9231.88% | 32.09% |
| Convertible Bonds | 1.91% | 0.00% | 7.93% | 34.69% |
| Cash | 0.99% | -54.51% | 237.69% | 76.24% |
| Other | 0.48% | -27.25% | 1695.17% | 74.27% |
| Stocks | 0.00% | 0.00% | 99.98% | 81.06% |
| Preferred Stocks | 0.00% | 0.00% | 72.34% | 78.53% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | NUBD % Rank | |
|---|---|---|---|---|
| Government | 43.15% | 0.00% | 86.23% | 12.12% |
| Corporate | 28.01% | 0.00% | 100.00% | 57.89% |
| Securitized | 27.76% | 0.00% | 98.40% | 55.28% |
| Cash & Equivalents | 0.16% | 0.00% | 237.69% | 84.85% |
| Derivative | 0.00% | -6.56% | 44.82% | 59.75% |
| Municipal | 0.00% | 0.00% | 100.00% | 92.16% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | NUBD % Rank | |
|---|---|---|---|---|
| US | 98.53% | 0.00% | 9042.62% | 28.53% |
| Non US | 0.00% | 0.00% | 189.26% | 81.74% |
NUBD - Expenses
Operational Fees
| NUBD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.16% | 0.01% | 39.64% | 95.41% |
| Management Fee | 0.15% | 0.00% | 1.76% | 7.44% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| NUBD 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
| NUBD 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.
| NUBD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 33.00% | 2.00% | 493.39% | 9.70% |
NUBD - Distributions
Dividend Yield Analysis
| NUBD | Category Low | Category High | NUBD % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.73% | 0.00% | 10.11% | 78.05% |
Dividend Distribution Analysis
| NUBD | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
| NUBD | Category Low | Category High | NUBD % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.69% | -1.28% | 4.79% | 52.52% |
Capital Gain Distribution Analysis
| NUBD | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 18, 2024 | $0.049 | OrdinaryDividend |
| Dec 02, 2024 | $0.065 | OrdinaryDividend |
| Nov 01, 2024 | $0.073 | OrdinaryDividend |
| Oct 01, 2024 | $0.068 | OrdinaryDividend |
| Sep 03, 2024 | $0.068 | OrdinaryDividend |
| Aug 01, 2024 | $0.065 | OrdinaryDividend |
| Jul 01, 2024 | $0.063 | OrdinaryDividend |
| Jun 03, 2024 | $0.071 | OrdinaryDividend |
| May 01, 2024 | $0.064 | OrdinaryDividend |
| Apr 01, 2024 | $0.061 | OrdinaryDividend |
| Mar 01, 2024 | $0.059 | OrdinaryDividend |
| Feb 01, 2024 | $0.059 | OrdinaryDividend |
| Dec 14, 2023 | $0.056 | OrdinaryDividend |
| Dec 01, 2023 | $0.063 | OrdinaryDividend |
| Nov 01, 2023 | $0.058 | OrdinaryDividend |
| Oct 02, 2023 | $0.056 | OrdinaryDividend |
| Sep 01, 2023 | $0.063 | OrdinaryDividend |
| Aug 01, 2023 | $0.055 | OrdinaryDividend |
| Jul 03, 2023 | $0.057 | OrdinaryDividend |
| Jun 01, 2023 | $0.055 | OrdinaryDividend |
| May 01, 2023 | $0.051 | OrdinaryDividend |
| Apr 03, 2023 | $0.053 | OrdinaryDividend |
| Mar 01, 2023 | $0.048 | OrdinaryDividend |
| Feb 01, 2023 | $0.049 | OrdinaryDividend |
| Dec 15, 2022 | $0.117 | OrdinaryDividend |
| Dec 01, 2022 | $0.052 | OrdinaryDividend |
| Nov 01, 2022 | $0.047 | OrdinaryDividend |
| Oct 03, 2022 | $0.050 | OrdinaryDividend |
| Sep 01, 2022 | $0.048 | OrdinaryDividend |
| Aug 01, 2022 | $0.046 | OrdinaryDividend |
| Jul 01, 2022 | $0.047 | OrdinaryDividend |
| Jun 01, 2022 | $0.045 | OrdinaryDividend |
| May 02, 2022 | $0.042 | OrdinaryDividend |
| Apr 01, 2022 | $0.048 | OrdinaryDividend |
| Mar 01, 2022 | $0.038 | OrdinaryDividend |
| Feb 01, 2022 | $0.039 | OrdinaryDividend |
| Dec 16, 2021 | $0.052 | OrdinaryDividend |
| Dec 01, 2021 | $0.047 | OrdinaryDividend |
| Nov 01, 2021 | $0.042 | OrdinaryDividend |
| Oct 01, 2021 | $0.045 | OrdinaryDividend |
| Sep 01, 2021 | $0.044 | OrdinaryDividend |
| Aug 02, 2021 | $0.041 | OrdinaryDividend |
| Jul 01, 2021 | $0.047 | OrdinaryDividend |
| Jun 01, 2021 | $0.043 | OrdinaryDividend |
| May 03, 2021 | $0.044 | OrdinaryDividend |
| Apr 01, 2021 | $0.044 | OrdinaryDividend |
| Mar 01, 2021 | $0.041 | OrdinaryDividend |
| Feb 01, 2021 | $0.036 | OrdinaryDividend |
| Dec 17, 2020 | $0.054 | OrdinaryDividend |
| Dec 01, 2020 | $0.049 | OrdinaryDividend |
| Nov 02, 2020 | $0.044 | OrdinaryDividend |
| Oct 01, 2020 | $0.051 | OrdinaryDividend |
| Sep 01, 2020 | $0.049 | OrdinaryDividend |
| Aug 03, 2020 | $0.050 | OrdinaryDividend |
| Jul 01, 2020 | $0.052 | OrdinaryDividend |
| Jun 01, 2020 | $0.051 | OrdinaryDividend |
| May 01, 2020 | $0.049 | OrdinaryDividend |
| Apr 01, 2020 | $0.051 | OrdinaryDividend |
| Mar 02, 2020 | $0.051 | OrdinaryDividend |
| Feb 03, 2020 | $0.041 | OrdinaryDividend |
| Dec 27, 2019 | $0.064 | OrdinaryDividend |
| Dec 02, 2019 | $0.061 | OrdinaryDividend |
| Nov 01, 2019 | $0.056 | OrdinaryDividend |
| Oct 01, 2019 | $0.056 | OrdinaryDividend |
| Sep 03, 2019 | $0.055 | OrdinaryDividend |
| Aug 01, 2019 | $0.052 | OrdinaryDividend |
| Jul 01, 2019 | $0.051 | OrdinaryDividend |
| Jun 03, 2019 | $0.056 | OrdinaryDividend |
| May 01, 2019 | $0.053 | OrdinaryDividend |
| Apr 01, 2019 | $0.058 | OrdinaryDividend |
| Mar 01, 2019 | $0.054 | OrdinaryDividend |
| Feb 01, 2019 | $0.064 | OrdinaryDividend |
| Dec 26, 2018 | $0.057 | OrdinaryDividend |
| Dec 03, 2018 | $0.057 | OrdinaryDividend |
| Nov 01, 2018 | $0.059 | OrdinaryDividend |
| Oct 01, 2018 | $0.056 | OrdinaryDividend |
| Sep 04, 2018 | $0.056 | OrdinaryDividend |
| Aug 01, 2018 | $0.058 | OrdinaryDividend |
| Jul 02, 2018 | $0.058 | OrdinaryDividend |
| Jun 01, 2018 | $0.050 | OrdinaryDividend |
| May 01, 2018 | $0.057 | OrdinaryDividend |
| Apr 02, 2018 | $0.062 | OrdinaryDividend |
| Mar 01, 2018 | $0.056 | OrdinaryDividend |
| Feb 01, 2018 | $0.063 | OrdinaryDividend |
| Dec 26, 2017 | $0.053 | OrdinaryDividend |
| Dec 01, 2017 | $0.055 | OrdinaryDividend |
| Nov 01, 2017 | $0.037 | OrdinaryDividend |
NUBD - Fund Manager Analysis
Managers
Lijun (Kevin) Chen
Start Date
Tenure
Tenure Rank
Sep 29, 2017
4.67
4.7%
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 | 6.77 | 1.16 |
