Symbols

NCLO

Nuveen AA-BBB CLO ETF·ARCA

--(--)

Key Stats

Assets Under Management

152.09MUSD

Fund Flows (1Y)

78.86MUSD

Dividend Yield

6.01%

Discount/Premium to NAV

0.14%

Shares Outstanding

6.08M

Expense Ratio

0.25%

About Nuveen AA-BBB CLO ETF

Issuer

Nuveen Securities

Brand

Nuveen

Home Page

https://www.nuveen.com/en-us/exchange-traded-funds/nclo-nuveen-aa-bbb-clo-etf

Inception Date

Dec 10, 2024

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Nuveen Fund Advisors LLC

Distributor

Nuveen Securities LLC

NCLO provides USD-denominated CLO exposure, seeking total returns primarily through current income. The fund focuses on debt tranches rated AA+ to BBB- or equivalent. CLOs include senior secured, unsecured, subordinate, and covenant-lite loans. The fund has no restrictions on maturity and may invest in floating- and fixed-rates. To manage risk, the fund limits exposure to 5% in any single CLO and 15% with any single CLO manager and excludes CLO equity and tranches rated below B-. While the fund predominantly invests in investment-grade securities, it may allocate up to 10% of assets to non-investment-grade CLOs. Additionally, up to 20% of assets may be held in cash or fixed-income ETFs.