# Nushares ETF Trust - Nuveen AA-BBB CLO ETF (NCLO): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/nclo for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Nuveen · Asset class: Global Bond - Strategy: Thematic · Inception: 2024-12-10 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-... ## Key Facts | Metric | Value | |---|---| | Price | $25.05 | | Expense Ratio | 0.26% | | Assets Under Management | $241.9M | | NAV | $25.00 | | Holdings Count | 107 | | Distribution Yield (TTM) | 5.62% | | Annual Distribution (TTM) | $1.41 /share | | Distribution Frequency | Monthly | | 52-Week Range | $24.22 – $25.36 | | Beta | 0.06 | ## Latest Distribution - Amount: $0.1191 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-02 ## Frequently Asked Questions ### What does NCLO invest in? 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. ### What is the expense ratio of NCLO? Nushares ETF Trust - Nuveen AA-BBB CLO ETF (NCLO) charges an expense ratio of 0.26%. This is the annual fee deducted from fund assets to cover management and operations. ### What is NCLO's dividend yield? NCLO's trailing-twelve-month yield is 5.62%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of NCLO? Effective duration measures NCLO's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NCLO's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of NCLO? NCLO's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of NCLO? Yield to maturity (YTM) is the total return you'd earn from NCLO if every bond in the portfolio is held to maturity at the current price. NCLO's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does NCLO pay a dividend? Yes, Nushares ETF Trust - Nuveen AA-BBB CLO ETF (NCLO) distributes dividends to shareholders. The trailing-twelve-month yield is 5.62%. Full dividend history is on this page. ### How often does NCLO pay dividends? Nushares ETF Trust - Nuveen AA-BBB CLO ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is NCLO's next ex-dividend date? The most recently announced ex-dividend date for NCLO was 2026-10-01. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will NCLO's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.26% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does NCLO charge its expense ratio? The expense ratio is deducted in tiny daily slices from NCLO's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does NCLO cost more than a fund like VOO? NCLO's strategy (current expense ratio 0.26%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where NCLO sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to NCLO? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as NCLO (0.26%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/nclo - Distribution history: https://www.dividenddata.com/funds/nclo/dividend - Holdings & diversification: https://www.dividenddata.com/funds/nclo/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/nclo/expenses - Peer comparison: https://www.dividenddata.com/funds/nclo/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.