ETF Evaluator:
Nuveen Enhanced Yield US Aggt Bd ETF (NUAG)
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(as of Jul 30)
Best Performing in Intermediate Core Bond Over the Last Year
| 7.1% | Aptus Enhanced Yield ETF (JUCY) |
| 7.1% | Overlay Shares Core Bond ETF (OVB) |
| 6.8% | SGI Enhanced Core ETF (USDX) |
| 6.7% | Hartford Schroders Tax-Aware Bond ETF (HTAB) |
| 6.1% | Simplify Aggregate Bond ETF (AGGH) |
Risk
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Risk
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ETF Details
Nuveen Enhanced Yield US Aggt Bd ETF Overview
Nuveen Enhanced Yield US Aggt Bd ETF (NUAG) is a passively managed Taxable Bond Intermediate Core Bond exchange-traded fund (ETF). Nuveen launched the ETF in 2016.
The investment seeks to track the investment results, before fees and expenses, of the ICE BofA Enhanced Yield U.S. Broad Bond Index (the "index").
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. The index consists of U.S. dollar-denominated, investment grade taxable debt securities with fixed rate coupons that have at least one year to final maturity.
About Nuveen Enhanced Yield US Aggt Bd ETF (NUAG)
There are 2 members of the management team with an average tenure of 2.51 years: James Tsang (2021) and Joseph Spinelli (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: ICE BofA US Broad Market TR USD index with a weighting of 100% and ICE BofA Enhanced Yield US Brd TR USD index with a weighting of 100%. Nuveen Enhanced Yield US Aggt Bd ETF has 1278 securities in its portfolio. The top 10 holdings constitute 21.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Nuveen Enhanced Yield US Aggt Bd ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Nuveen Enhanced Yield US Aggt Bd ETF has 10.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.8% (89.5% domestic bond, 10.4% foreign bond and 0.0% convertible bond). Nuveen Enhanced Yield US Aggt Bd ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $96 million in total assets, which is below the $6 billion average for the Intermediate Core Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
NUAG Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Nuveen Enhanced Yield US Aggt Bd ETF expense ratio is low compared to funds in the Intermediate Core Bond category. Nuveen Enhanced Yield US Aggt Bd ETF has an expense ratio of 0.16%, which is 50% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Nuveen Enhanced Yield US Aggt Bd ETF has a portfolio turnover rate of 47%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 100% for the Intermediate Core Bond category.
Recently, in the month of June 2026, Nuveen Enhanced Yield US Aggt Bd ETF returned 0.2%, which earned it a grade of C, as the Intermediate Core Bond category had an average return of 0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Nuveen Enhanced Yield US Aggt Bd ETF has a trailing yield of 4.49%, which is above the 4.35% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Nuveen Enhanced Yield US Aggt Bd ETF Grades
Year to date, the ETF has returned 1.0%, 0.1 percentage points better than the category, which translates into a grade of A. The fund has returned 4.4% over the past year (grade of A), 5.0% over the past three years (grade of A) and 0.4% per year over the past five years (grade of A).
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NUAG Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NUAG Return (NAV) | 0.2% | 1.1% | 4.4% | 5.0% | 0.4% | na |
| NUAG Return (Price) | 0.3% | 1.1% | 4.6% | 5.0% | 0.4% | na |
| NAV +/- Price Return | -0.051% | -0.013% | -0.118% | 0.030% | -0.047% | na |
| Intermediate Core Bond Avg | 0.2% | 0.8% | 4.1% | 4.4% | 0.2% | 1.7% |
| NUAG Grade (NAV) | C | A | A | A | A | na |
| +/- Category (NAV) | 0.0% | 0.3% | 0.4% | 0.6% | 0.2% | na |
| NUAG Tax-Cost Ratio | na | na | 1.8% | 1.8% | 1.6% | na |
NUAG Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NUAG Return (NAV) | 1.0% | 7.4% | 2.3% | 7.3% | -14.1% | -2.3% | 7.6% | 10.3% | -1.6% | 4.2% | na |
| NUAG Return (Price) | 1.0% | 7.4% | 2.0% | 7.5% | -14.0% | -2.0% | 7.5% | 10.1% | -1.6% | 4.0% | na |
| NAV +/- Price Ret | 0.091% | -0.001% | -0.116% | 0.030% | -0.008% | -0.126% | -0.019% | -1.4% | 0.9% | -5.9% | na |
| Intermediate Core Bond Avg | 0.9% | 7.1% | 1.9% | 6.0% | -13.2% | -1.5% | 7.6% | 9.1% | -0.5% | 3.7% | 3.0% |
| NUAG Grade (NAV) | A | B | B | A | D | F | C | A | F | A | na |
| +/- Category | 0.1% | 0.3% | 0.4% | 1.3% | -0.9% | -0.8% | 0.0% | 1.2% | -1.1% | 0.5% | na |
| Risk Measures | |
| Beta: | 1.00 |
| R-Squared: | 99% |
| Standard Deviation: | 5.6% |
| Category Risk Index: | 1.03 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 0.46 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 4.5% |
| Total Assets: | $ 96 Mil |
| Share Class Assets: | $ 96 Mil |
| Turnover: | 47.0% |
| Expense Ratio: | 0.16% |
| Index Fund: | Yes |
| Index Tracked: | ICE BofA US Broad Market TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 4.6 years | |||
| Average Tenure: 2.5 years | |||
| Managers (Year): Tsang James (2021), Spinelli Joseph (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 1278 |
| % in Top 10 Holdings: | 21.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 10.4% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.1% |
| Domestic Bond: | 89.5% |
| Foreign Bond: | 10.4% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Nuveen |
| Phone Number: | 888-290-9881 |
| Website: | http://www.nuveen.com |
| Inception Date: | September 14, 2016 |
Expenses and Fees
| Expense Ratio (%): | 0.16% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.32% |
