Exchange-Traded Funds

ETF
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Objective

The Fund seeks to track the investment results, before fees and expenses, of the BofA Merrill Lynch Enhanced Yield 1-5 Year US Broad Bond Index.

ETF Description

The Funds offers the potential for enhanced yield relative to the short-term, taxable investment grade fixed income market with comparable risk. The Fund invests primarily in U.S. government securities, debt securities issued by U.S. corporations, residential and commercial mortgage-backed securities, asset-based securities that are publicly offered for sale in the U.S., with a remaining term to final maturity, or an average life, of less than five years.

Index Description

The BofA Merrill Lynch Enhanced Yield 1-5 Year US Broad Bond Index (the “Enhanced Index”) is designed to broadly capture the 1-5 year U.S investment grade fixed income market. Rather than weighting by capitalization, the Enhanced Index uses a rules-based methodology that allocates higher weights to securities and sectors that have the potential for higher yield while maintaining comparable risk.

Highlights

Consider the Fund if you’re seeking:
  • Enhanced yield potential relative to the short-term, taxable U.S. investment grade fixed income market with comparable risk
  • An alternative to market-cap weighted strategies
  • A diversified core fixed income portfolio allocation
  • Intraday exchange-traded liquidity
  • A transparent, low-cost investment solution

Fund Data

Ticker SymbolNUSA
Intra-day Indicative TickerNUSA.IV
Closing Market Price (As of 2/16/2018)$24.52
Closing NAV per Share (As of 2/16/2018)$24.50
Distribution Yield (NAV) (As of 2/16/2018)2.86%
30 Day SEC Yield (As of 2/15/2018)2.45%
Distribution FrequencyMonthly
Shares Outstanding (As of 2/16/2018)800,000
Total Net Assets (As of 2/16/2018)$19.60 million
Avg. Daily Volume (As of 2/16/2018)1,257
Cusip67092P110
Primary ExchangeNYSE Arca
Total Expense Ratio0.20%
Inception Date3/31/2017
Index ProviderBofA ML
Index TickerUSVY

Daily Pricing

As of 02/16/2018
Fund Inception: 3/31/2017
  Last Change
Market Price (History) $24.52 ($0.04)
52 Week High/Low Date Price
High 4/3/2017 $25.94
Low 2/16/2018 $24.52
Fund Inception: 3/31/2017
  Last Change
NAV (History) $24.50 $0.02
52 Week High/Low Date Price
High 5/31/2017 $25.15
Low 2/15/2018 $24.48
Fund Inception: 3/31/2017
  Last 52 wk avg
Premium/Discount (History) 0.08% 0.15%

Merrill Lynch, Pierce, Fenner & Smith Incorporated and its affiliates (“BofA Merrill Lynch”) indices and related information, the name “BofA Merrill Lynch”, and related trademarks, are intellectual property licensed from BofA Merrill Lynch, and may not be copied, used, or distributed without BofA Merrill Lynch's prior written approval. The licensee's products have not been passed on as to their legality or suitability, and are not regulated, issued, endorsed, sold, guaranteed, or promoted by BofA Merrill Lynch. BOFA MERRILL LYNCH MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE INDICES, ANY RELATED INFORMATION, ITS TRADEMARKS, OR THE PRODUCT(S) (INCLUDING WITHOUT LIMITATION, THEIR QUALITY, ACCURACY, SUITABILITY AND/OR COMPLETENESS).

Risk Considerations

Investing involves risk; principal loss is possible. There is no guarantee the Fund’s investment objectives will be achieved. This ETF seeks to generally track the investment results of an index; however the Fund may underperform, outperform or be more volatile than the referenced index. Interest rate risk is the risk that the value of the Fund’s portfolio will decline because of rising interest rates. Credit risk is the risk that an issuer of a debt security may be unable or unwilling to make interest and principal payments when due and the related risk that the value of a debt security may decline because of concerns about the issuer’s ability or willingness to make such payments. This ETF is concentrated in the financial sector. Performance of companies in the financial sector may be adversely impacted by many factors, including, among others, government regulations, economic conditions, changes in interest rates and decreased liquidity in credit markets. These and other risk considerations are described in detail in the Fund’s prospectus.

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