ETF overview
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.
Fund facts
- Expense ratio
- 0.26%
- Fund assets
- 235.02M USD (all share classes)
- Issuer
- Nuveen
- Inception date
- Dec 10, 2024
- Number of holdings
- 127
Breakdown
Holdings (127)
| Name | Ticker | Weight |
|---|---|---|
| STATE STREET INSTITUTION | GVMXX | 2.59% |
| MAGNE 2020 VRN 01/25/2038 | 2.57% | |
| OCP 2025-4 VRN 04/16/2038 | 2.35% | |
| CIFC 2026- VRN 04/25/39 | 2.14% | |
| NEUB 2019- VRN 07/20/2039 | 2.14% | |
| ELM27 2024 VRN 04/18/2039 | 2.14% | |
| GLM 2026-3 VRN 07/20/2039 | 2.14% | |
| JNPPK 2023 VRN 07/20/2036 | 1.92% | |
| AIMCO 2015 VRN 10/17/2038 | 1.71% | |
| AIMCO 2024 VRN 04/19/39 | 1.71% | |
| and 114 more | ||
Historical returns do not guarantee future returns. This is not investment advice.

Nushares ETF Trust - Nuveen AA-BBB CLO ETF (NCLO)
- Expense ratio
- 0.26%
- Fund assets
- 235.02M USD (all share classes)
- Issuer
- Nuveen
- Inception date
- Dec 10, 2024
- Number of holdings
- 127
| Name | Ticker | Weight |
|---|---|---|
| STATE STREET INSTITUTION | GVMXX | 2.59% |
| MAGNE 2020 VRN 01/25/2038 | 2.57% | |
| OCP 2025-4 VRN 04/16/2038 | 2.35% | |
| CIFC 2026- VRN 04/25/39 | 2.14% | |
| NEUB 2019- VRN 07/20/2039 | 2.14% | |
| ELM27 2024 VRN 04/18/2039 | 2.14% | |
| GLM 2026-3 VRN 07/20/2039 | 2.14% | |
| JNPPK 2023 VRN 07/20/2036 | 1.92% | |
| AIMCO 2015 VRN 10/17/2038 | 1.71% | |
| AIMCO 2024 VRN 04/19/39 | 1.71% | |
| and 114 more | ||
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.
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