Nuveen ESG High Yield Corporate Bond ETF

Nuveen ESG High Yield Corporate Bond ETF (NUHY) tracks a Bloomberg MSCI index of US-dollar "junk" bonds, meaning corporate bonds rated below investment grade. The index screens those bonds using environmental, social and governance (ESG) scores. As of October 27, 2026, it had a trailing yield of 6.92%, paid monthly. Its 0.30% annual fee is more than broad high-yield funds such as SPHY (0.05%) charge, but less than HYG (0.49%).

• Over the year to Oct 27, 2026, NUHY returned +0.5%, 8th of 8 among similar funds.
• Its 5-year annualized return was +2.9%.
• Its worst full calendar year was 2022 (-11.8%); its best was 2023 (+11.1%).
• The deepest fall in its price history was 16.9% (Sep 16, 2021 to Sep 27, 2022), recovered by May 15, 2024.

As of Jul 31, 2026, the fund held 388 securities; the ten largest made up 11.23% of assets.

The bonds mature in 6.2 years on average (weighted by size), with an average coupon of 6.94%.

• Over the three months to Jul 31, 2026, investors added a net $3.7M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +0.57%, +0.46%, -0.50%.

NUHY tries to match the Bloomberg MSCI U.S. High Yield Very Liquid ESG Select Index, before fees. That index starts from the Bloomberg U.S. High Yield Very Liquid Index. It holds fixed-rate US-dollar corporate bonds rated BB+ or lower, with at least one year left to maturity, $500 million or more outstanding, and issued within the past five years. Defaulted bonds don't qualify. No single issuer can make up more than 2% of that base index. The fund's adviser has no say in what the index holds.

MSCI ESG Research scores each company against others in its industry on issues such as climate change, how it treats employees, product safety and governance. The index drops bonds below a minimum ESG rating. It also drops companies with significant alcohol, tobacco, nuclear power, gambling or weapons activities, and companies above set carbon limits. The remaining bonds are weighted by market value within each sector, and sector weights mirror the base index. The index then tilts toward higher ESG scores while keeping credit quality close to the base index. It held 639 bonds as of October 31, 2025.

The fund uses representative sampling, meaning it owns a subset of bonds that behaves like the whole index. It had 388 holdings as of July 31, 2026. The index rebalances monthly, and the fund's portfolio turnover was 49%. Many of the bonds may be Rule 144A securities, which are sold privately to large institutions and can be harder to trade.

• NUHY charges 0.3% a year, versus an average of 0.24% for the similar funds below (5th of 8, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $31 in the first year and $381 over 10 years (assuming a 5% annual return).

It holds junk bonds and pays monthly, with a trailing yield of 6.92% as of October 27, 2026, though its price can drop sharply.

NUHY can add monthly income. Over the 12 months to October 27, 2026, it paid $1.42 a share, a 6.92% yield. The trade-off is credit risk. The fund launched in 2019, so it has no 2008 record. Its worst quarter was the COVID crash (−11.4% in the first quarter of 2020). In the 2022 bear market it fell about 16.7% and didn't regain its peak until May 2024. Its worst calendar year was 2022 (−12.15%). Its deepest drop, 16.9%, took about 20 months to recover. Anyone who had to sell shares in 2022 would have locked in those losses. Defaults can also cut the income it pays.

It costs 0.30% a year. In the SEC's standard example of $10,000 invested, that comes to $31 in the first year and $381 over 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by bond funds with the closest average maturity and issuer mix (N-PORT).