Key stats
About Nuveen High Yield Corporate Bond ETF
Home page
Inception date
Sep 23, 2025
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Nuveen Fund Advisors LLC
Distributor
Nuveen Securities LLC
ISIN
US67092P6806
NHYB provides exposure to US dollar corporate bonds rated between BB and B that are actively paying coupons. The fund utilizes a market capitalization strategy, with a limit on any single issuers weight. If the number of issuers becomes very small, the index shifts to equal weighting. The index draws from a wide mix of corporate issuers across sectors but remains focused on the high-yield credit tier. It reviews and rebalances monthly, adjusting bond weights and membership to reflect new data and outstanding amounts, and holds coupon cash flows until the month-end rebalance. NHYB reflects these mechanics in its portfolio and may also hold derivatives, US government obligations, cash equivalents, or similar instruments to manage liquidity and maintain alignment with the index. The fund is structured to mirror the indexs rules and maintain the BB to B credit profile across a broad range of corporate issuers.
Related funds
Classification
What's in the fund
Exposure type
Corporate
Stock breakdown by region
Top 10 holdings
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
NHYB trades at 25.07 USD today, its price has fallen −0.06% in the past 24 hours. Track more dynamics on NHYB price chart.
NHYB net asset value is 24.98 today — it's risen 0.12% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
NHYB assets under management is 24.96 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
NHYB fund flows account for 0.00 USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
NHYB invests in bonds. See more details in our Analysis section.
NHYB expense ratio is 0.08%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, NHYB isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, NHYB doesn't pay dividends to its holders.
NHYB trades at a premium (0.36%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
NHYB shares are issued by TIAA Board of Governors
NHYB follows the ICE BofA BB-B US Cash Pay High Yield Constrained Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Sep 23, 2025.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.