NUAG currently shows a 6.55 year effective duration and a 2.46% yield to maturity.
Credit quality breakdown includes investment-grade AAA 58.6%, AA 3.7%, A 2.3% and BBB 35.5%.
Sector tilts include securitized 34.6%, corporate 33.3%, Treasury 23.4% and government-related 8.3%.
Compared to the benchmark Barclays US Aggregate Bond Index, NUAG has a more underweight Treasuries exposure, but the Nuveen bond ETF overweights corporate debt and securitized debt. Given its lower triple-A Treasury exposure, NUAG has a lower overall credit quality exposure, with a greater tilt toward BBB-rated debt. However, due to its emphasis on corporate debt, along with slightly greater credit risk, the Nuveen ETF offers a higher yield, compared to the Barclays Aggregate Bond Index.
Financial advisors who are interested in learning more about the fixed-income market can register for Thursday, November 10 webcast here.