Exchange-Traded Funds



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

ETF Description

The Fund offers the potential for enhanced yield with the risk and credit quality profile of the broad investment grade fixed income market. 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 and U.S. dollar-denominated debt securities issued by non-U.S. governments and corporations.

Index Description

The BofA Merrill Lynch Enhanced Yield US Broad Bond Index (the “Enhanced Index”) is designed to broadly capture the 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.


Consider the Fund if you’re seeking:
  • Enhanced yield potential relative to the 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 SymbolNUAG
Intra-day Indicative TickerNUAG.IV
Closing Market Price (As of 2/21/2018)$23.81
Closing NAV per Share (As of 2/21/2018)$23.73
Distribution Yield (NAV) (As of 2/21/2018)2.90%
30 Day SEC Yield (As of 2/20/2018)2.88%
Distribution FrequencyMonthly
Shares Outstanding (As of 2/21/2018)4,000,000
Total Net Assets (As of 2/21/2018)$94.92 million
Avg. Daily Volume (As of 2/21/2018)21,073
Primary ExchangeNYSE Arca
Total Expense Ratio0.20%
Inception Date9/14/2016
Index ProviderBofA ML
Index TickerUSEY

Daily Pricing

As of 02/21/2018
Fund Inception: 9/14/2016
  Last Change
Market Price (History) $23.81 ($0.07)
52 Week High/Low Date Price
High 9/8/2017 $24.85
Low 2/21/2018 $23.81
Fund Inception: 9/14/2016
  Last Change
NAV (History) $23.73 ($0.07)
52 Week High/Low Date Price
High 9/8/2017 $24.80
Low 2/21/2018 $23.73
Fund Inception: 9/14/2016
  Last 52 wk avg
Premium/Discount (History) 0.33% 0.19%

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. An exchange-traded fund 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 occurs when interest rates rise causing bond prices to fall. Credit risk arises from an issuer's ability to make interest and principal payments when due, as well as the prices of bonds declining when an issuer's credit quality is expected to deteriorate. These and other risk considerations are described in detail in the Fund's prospectus.

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