Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
Nuveen Enhanced Yield U.S. Aggregate Bond
$20.03+0.01 (+0.07%)
- 0.15%
- $113M
- −1.8%
- 4.67%
- 0M sh
- $19.98
- low $19.88high $21.51
The ETF.net NUAG Grade
B
Score 68 out of 100
- 37 of 117
Score 68 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A76 out of 100Rank 27 of 117Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 101Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C51 out of 100Rank 34 of 116Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F24 out of 100Rank 104 of 117Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B66 out of 100Rank 47 of 116Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B58 out of 100Rank 54 of 117
Our read on NUAG
BMost core bond ETFs hug the plain Agg. NUAG tracks a yield-tilted version of the US broad bond index instead: roughly 1,300 bonds, monthly distributions, 0.15% a year.
The Fund seeks to track, before fees and expenses, the investment results of the ICE BofA Enhanced Yield U.S. Broad Bond Index.
Why people hold it
- Charges 0.15% a year against a 0.36% median for its core bond cohort, low for a fund that isn't just copying the standard aggregate index.
- Roughly 1,300 bonds and a monthly payout schedule: granular exposure, income that lands twelve times a year rather than four.
- Holds to the index its prospectus names, with no drift into other asset classes. One of the stronger implementations in a very crowded core bond group.
- Live since 2016, so the strategy has a real record across both rising and falling rate environments rather than a back-test.
Worth knowing
- A smaller, thinly traded fund next to the category's giants, so the bid-ask spread is worth a look before trading.
- 0.15% is five times the 0.03% charged by BND, SPAB and SCHZ. The yield tilt is what the extra buys.
- An enhanced-yield index is not the plain Agg, so the sector mix and how it moves can differ from the benchmark most core bond funds track.
NUAG Holdings
- Bonds
- 1,455
- 17%
- Us T-Note 3.875% 03/31/28
Geography
- United States86.25%
- Mexico2.66%
- Canada2.42%
- United Kingdom1.68%
- Philippines0.70%
- Japan0.66%
- Panama0.64%
- Chile0.60%
- 4.39%
NUAG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
NUAG$9,824
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | NUAG |
|---|---|
| Year to date | −2.3% |
| 1 month | −1.5% |
| 3 months | −2.7% |
| 1 year | −1.8% |
| 3 years | +5.1% |
| 5 years | −0.1% |
| 10 years | +1.4% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | NUAG |
|---|---|---|
| 2026 YTD | −2.3% | |
| 2025 | +7.4% | |
| 2024 | +2.0% | |
| 2023 | +7.5% | |
| 2022 | −14.0% | |
| 2021 | −2.0% | |
| 2020 | +7.5% |
NUAG in the news
NUAG Dividends
- 4.67%
- $0.93
- $0.08 per share
- Monthly
Distribution history
NUAG Risk
- 5.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.05
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −18.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.99
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NUAG Cost
0.15%
NUAG0.15%
- The middle half of US Aggregate Bond funds
- Median 0.34%
24 of the 113 US Aggregate Bond funds charge less.
Other funds in US Aggregate Bond
- BSYSBiShares Systematic Bond ETFExpense ratio 0.25%1 year return −2.0%
- BBTOTiShares Total USD Fixed Income Market ETFExpense ratio 0.10%1 year return —
- BCGCPCapital Group Core Plus Income ETFExpense ratio 0.34%1 year return −1.8%
- BGTOCInvesco Actively Managed Exchange-Traded Fund Trust - Invesco Core Fixed Income ETFExpense ratio 0.28%1 year return −2.0%
- BUITBVictoryShares Core Intermediate Bond ETFExpense ratio 0.38%1 year return −1.9%