CHICAGO--(BUSINESS WIRE)--Nuveen, an operating division of TIAA Global Asset Management, today announced that the NuShares Enhanced Yield U.S. Aggregate Bond ETF will begin trading on the NYSE Arca tomorrow under the symbol NUAG. This new exchanged-traded fund (ETF) seeks to offer enhanced yield relative to the broad, investment-grade fixed income market with comparable risk and credit quality. Positioned as a distinct alternative to market-cap weighted strategies, the fund offers diversified fixed income market exposure coupled with access to the investment expertise of TIAA.
About the Fund
The fund seeks to track the investment results, before fees and expenses, of the BofA Merrill Lynch Enhanced Yield US Broad Bond Index, a rules-based index designed to enhance income potential while seeking to maintain risk and credit quality at levels similar to that of the BofA Merrill Lynch US Broad Market Index. NUAG may be an attractive addition to a portfolio as a diversified core fixed income allocation.
About the Index
The BofA Merrill Lynch Enhanced Yield US Broad Bond Index (Enhanced Index) is designed to broadly capture the U.S. investment grade fixed income market. Rather than weighting by capitalization, the Enhanced Index assigns component securities into a variety of categories based upon asset class, sector, credit quality, and maturity, and then uses a rules-based methodology to allocate higher weights to categories with the potential for higher yields without significantly increasing risk or decreasing credit quality.
About Nuveen
Nuveen provides investment solutions designed to help secure the long-term goals of individual investors and the advisors who serve them. Through the investment expertise of leading asset managers across traditional and alternative asset classes, Nuveen is committed to delivering consultative guidance that aligns with client needs. Funds are distributed by Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc. Nuveen is an operating division of TIAA Global Asset Management. For more information, please visit the Nuveen website at www.nuveen.com.
Before investing, carefully consider fund investment objectives, risks, charges and expenses. For this and other information that should be read carefully, please request a prospectus or summary prospectus from your financial advisor or Nuveen Investments at 800-257-8787 or visit www.nuveen.com.
This document is not an offer to sell securities and is not soliciting an offer to buy securities in any jurisdiction where the offer or sale is not permitted.
Risk Considerations
Investing involves risk; principal loss is possible. There is no guarantee the fund’s investment objectives will be achieved. An exchange-traded fund seeks to generally track the investment results of an index; however the fund may underperform, outperform or be more volatile than the referenced index. Interest rate risk occurs when interest rates rise causing bond prices to fall. Credit risk arises from an issuer’s ability to make interest and principal payments when due, as well as the prices of bonds declining when an issuer’s credit quality is expected to deteriorate. These and other risk considerations are described in detail in the fund’s prospectus.
NUVEEN and NuSHARES are registered trademarks of Nuveen.
Merrill Lynch, Pierce, Fenner & Smith Incorporated and its affiliates (“BofA Merrill Lynch”) indices and related information, the name “BofA Merrill Lynch”, and related trademarks, are intellectual property licensed from BofA Merrill Lynch, and may not be copied, used, or distributed without BofA Merrill Lynch’s prior written approval. The licensee’s products have not been passed on as to their legality or suitability, and are not regulated, issued, endorsed, sold, guaranteed, or promoted by BofA Merrill Lynch. BOFA MERRILL LYNCH MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE INDICES, ANY RELATED INFORMATION, ITS TRADEMARKS, OR THE PRODUCT(S) (INCLUDING WITHOUT LIMITATION, THEIR QUALITY, ACCURACY, SUITABILITY AND/OR COMPLETENESS).
19192-INV-O-09/18
