NCLO – Nuveen AA-BBB CLO ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks total return, primarily through current income. The fund is an actively managed exchange-traded fund (“ETF”) that seeks to pursue its investment objective by investing, under normal market conditions, at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in debt tranches of Collateralized Loan Obligations of any maturity that are rated between AA+ and BBB- or an equivalent rating by a nationally recognized statistical rating organization, or if unrated, determined to be of comparable credit quality by the fund management team. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
NCLO	Nuveen AA-BBB CLO ETF	ETF	Open	—		Dec 10, 2024	$153.38M	0.260%	—	—	$40.01M

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