Nuveen High Yield Corporate Bond ETF (NHYB)

Nuveen High Yield Corporate Bond ETF (NHYB) is an exchange-traded fund in the High Yield Bond category. It has $1.75B in assets, an expense ratio of 0.08% and a 6.20% dividend yield. The index is comprised of U.S. dollar-denominated below-investment grade publicly issued corporate debt in the U.S. that are currently in a coupon paying period and are rated BB1 through B3, based on an average of Moody’s, S&P and Fitch, but caps issuer exposure at 2%. Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in component securities of the index. The fund is non-diversified.