- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 730 Third Avenue New York NY United States of America 10017
- IPO Date
- Mar 7, 2024
- Business
- Nuveen Ultra Short Income ETF (NUSB), issued by NuShares ETF Trust, is an actively managed exchange-traded fund that invests primarily in a diversified portfolio of higher-quality, ultra short-term fixed income securities, including investment-grade U.S. and non-U.S. corporate bonds, asset-backed securities, commercial mortgage-backed securities, and U.S. Treasury notes; it emphasizes total return consistent with capital preservation and maintains a portfolio duration typically under one year with holdings such as United States Treasury Notes, Royal Bank of Canada obligations, and corporate issuances from entities like WEC Energy Group and Entergy Corporation. The fund targets institutional and retail investors seeking low-risk income solutions in the ultrashort bond segment. As of late 2025, it manages approximately $152 million in assets under management with a net expense ratio of 0.17% and monthly dividend distributions.
Launched on March 5, 2024, and listed on the NASDAQ Global Market, NUSB forms part of Nuveen's expanding lineup of active ETFs introduced alongside siblings like Nuveen Core Plus Bond ETF (NCPB) and Nuveen Preferred and Income ETF (NPFI) in early 2024. Nuveen, LLC, the investment adviser and a subsidiary of TIAA with roots tracing to 1898, maintains its global headquarters in Chicago, Illinois, with major operations in New York and Charlotte; the firm oversees these ETFs through Nuveen Fund Advisors, LLC, supported by sub-advisers including Teachers Advisors, LLC. Geographically, the fund focuses on USD-denominated securities with primary exposure to U.S. bonds (about 66%), supplemented by non-U.S. bonds (7%) and cash equivalents.
In recent developments, NuShares ETF Trust expanded its active ETF offerings in March 2024 with the debut of NUSB amid a broader launch of Nuveen-branded funds, reflecting Nuveen's strategic push into low-cost, outcome-oriented ETF solutions across fixed income and multi-asset classes. Nuveen bolstered its alternatives platform in December 2024 with the launch of the AA-BBB CLO ETF (NCLO) and announced plans for an Enhanced CLO Income Fund in early 2025, converting its existing CLO Opportunities Fund to target mezzanine and equity tranches. Additionally, in June 2025, Nuveen completed the acquisition of Brooklyn Investment Group, a multi-asset direct indexing provider, following a 2023 strategic partnership and minority investment, to enhance tax-advantaged portfolio capabilities integrated with Nuveen's fixed income and alternatives expertise; the firm also introduced a Global Multi-Asset Infrastructure Platform in September 2025 to unify specialized infrastructure teams.