Nuveen Preferred and Income ETFNuveen Preferred and Income ETFNuveen Preferred and Income ETF

Nuveen Preferred and Income ETF

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Key stats


Assets under management (AUM)
‪59.81 M‬USD
Fund flows (1Y)
‪44.54 M‬USD
Dividend yield (indicated)
5.29%
Discount/Premium to NAV
0.2%
Shares outstanding
‪2.33 M‬
Expense ratio
0.55%

About Nuveen Preferred and Income ETF


Issuer
TIAA Board of Governors
Brand
Nuveen
Home page
Inception date
Mar 5, 2024
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Management style
Active
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Nuveen Fund Advisors LLC
Distributor
Nuveen Securities LLC
NPFI offers niche exposure to preferred securities and other income-producing securities. It may invest in all types of preferreds, including perpetual preferred and hybrid securities, although it primarily focuses on preferreds catered to institutional investors. These institutional securities or $1,000 par preferred securities are issued in large lot sizes by financial services firms, typically over-the-counter. The fund may also invest in other income-producing securities, such as CoCos and convertibles. The fund primarily holds investment grade securities, capping high-yield exposure to 20%. The fund expects to have significant exposure to the financial services sector. It typically allocates at least 40% in USD-denominated securities issued by non-US companies. The fund adviser looks for the most attractive mix of value, considering several factors including credit risk, diversification, preferred sub-market analysis, call protection, and yield curve analysis.

Classification


Asset Class
Fixed income
Category
Corporate, preferred
Focus
Broad credit
Niche
Broad maturities
Strategy
Active
Geography
Global
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Corporate
Stock breakdown by region
58%41%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Neutral
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Neutral
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Neutral
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Neutral
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Moving Averages
Neutral
SellBuy
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Moving Averages
Neutral
SellBuy
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Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.