Nuveen Launches NUIB ETF with 0.37% Expense Ratio
Nuveen's new impact bond fund targets the Bloomberg Aggregate Index. It holds international development bonds and Topaz Solar debt.
Key points
- Nuveen launched the NUIB ETF on September 14 with a 0.37% expense ratio.
- The fund targets the Bloomberg U.S. Aggregate Bond Index for outperformance.
- Holdings include international development bonds, U.S. Treasuries, and Topaz Solar debt.
Nuveen launched the NUIB ETF on September 14 with a 0.37% expense ratio. The fund seeks to outperform the Bloomberg U.S. Aggregate Bond Index. It invests exclusively in investment-grade U.S. dollar fixed income securities. These bonds finance measurable environmental and societal outcomes.
The fund adheres to the IFC Operating Principles for Impact Management. Its management team received four consecutive awards from BlueMark. This recognition validates their best-in-class impact investing practices. The strategy targets bonds with quantifiable positive results.
NUIB Holds Major Corporate and Treasury Debt
Mid-September holdings include international development bonds and U.S. Treasury notes. Corporate debt from MasterCard and Topaz Solar also appears in the portfolio. These positions reflect the fund's focus on use of proceeds. Capital is deployed for projects with specific social or environmental goals.
NUIB issues monthly distributions to its investors. The product lists on the Nasdaq exchange. This structure provides liquidity for retail and institutional buyers. It integrates with broader fixed income allocation strategies.
Nuveen Brings Two Decades of Impact Experience
Nuveen established its direct and measurable impact approach in 2007. This predates its 2017 acquisition by TIAA. The parent company has practiced socially responsible investing for fifty years. This deep history supports the new fund's methodology.
NUIB Joins Nineteen Billion Dollar ETF Suite
NUIB adds to Nuveen's extensive exchange-traded fund lineup. The provider currently lists twenty-eight U.S. ETFs. Combined assets under management reach approximately nineteen billion dollars. This new product expands the firm's sustainable fixed income options.
