Nuveen Preferred and Income ETF

NPFI

Market cap $142M

Nuveen Preferred And Income ETF offers a 6% yield with low volatility and moderate company-specific risk but heavy bank exposure. NPFI's portfolio is 81.3% investment grade, 51.5% non-US issuers, and 70.5% banks.

As of late May, actively managed fixed income ETFs had already gathered $35 billion. This was equal to a 38% share of the category's net inflows for the year.

NEW YORK , March 6, 2024 /PRNewswire/ -- Nuveen, the investment manager of TIAA, has expanded its exchange traded fund (ETF) lineup, building on the firm's long-established history of delivering income solutions with the launch of three actively managed taxable fixed income strategies. Also launching today is the Nuveen Sustainable Core ETF, an actively managed equity strategy, seeking attractive long-term returns by allocating across investment styles and risk characteristics based on market conditions.