Shareholder Report
Dec. 31, 2025
USD ($)
Holding
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the last year? (based on a hypothetical $10,000 investment)
| Cost of a $10,000 investment |
Costs paid as a percentage of $10,000 investment* | |||
| Nuveen Short-Term REIT ETF |
$35 | 0.36% | ||
* Annualized for period less than one year.
How did the Fund perform last year? What affected the Fund’s performance?
| Performance Highlights • The Nuveen Short-Term REIT ETF’s total return at net asset value (NAV) was ‑7.53% for the 12 months ended December 31, 2025. The Fund’s custom index, the Dow Jones U.S. Select Short-Term REIT Index, returned ‑7.25%. • The difference between the Fund’s total return at NAV and that of the custom index is attributable to management fees and other expenses incurred by the Fund that are not incurred by the custom index. • During the reporting period, the Fund’s custom index significantly underperformed the Fund’s base index, the Dow Jones U.S. Select REIT Index, which returned 3.67%. • Performance drivers between the Fund’s custom index and base index during the reporting period: • Top contributors to the custom index’s relative performance • An underweight to specialized REITs. • A lack of exposure to office REITs. • Top detractors from the custom index’s relative performance • An overweight allocation to residential REITs. • A lack of exposure to health care REITs. • An overweight allocation to hotel & resort REIT. |
Average Annual Total Returns
| 1‑Year | 5‑Year | Since Inception (12/19/16) | ||||
| NAV |
(7.53)% | 4.14% | 4.86% | |||
| S&P 500® Index |
17.88% | 14.42% | 14.96% | |||
| Dow Jones U.S. Select REIT Index |
3.67% | 6.65% | 4.66% | |||
| Dow Jones U.S. Select Short-Term REIT Index |
(7.25)% | 4.51% | 5.22% | |||
Fund Statistics (as of December 31, 2025)
| Fund net assets |
$31,008,241 | |||
| Total number of portfolio holdings |
33 | |||
| Portfolio turnover (%) |
14% | |||
| Total management fees paid for the year |
$ 140,548 | |||
How has the Fund changed?
For more complete information, you may review the Fund’s next prospectus, which is expected to be available by April 30, 2026 at https://www.nuveen.com/en‑us/exchange‑traded‑funds/prospectuses or upon request at (800) 257‑8787.
For more complete information, you may review the Fund’s next prospectus, which is expected to be available by April 30, 2026 at https://www.nuveen.com/en‑us/exchange‑traded‑funds/prospectuses or upon request at (800) 257‑8787.
Changes in independent registered public accounting firm
On October 24, 2024, the Fund’s Board of Trustees engaged PricewaterhouseCoopers LLP (“PwC”) as the independent registered public accounting firm for the Fund and dismissed KPMG LLP (“KPMG”) as the independent registered public accounting firm for the Fund subject to the completion of the December 31, 2024 fiscal year end audit. During the Fund’s fiscal years ended December 31, 2024 and December 31, 2023, and the subsequent interim period through February 28, 2025, there have been no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures
This report describes changes to the Fund that occurred during the reporting period.
What were the Fund costs for the period since inception? (based on a hypothetical $10,000 investment)
| Cost of a $10,000 investment |
Costs paid as a percentage of $10,000 investment* | |||
| Nuveen International Aggregate Bond ETF |
$8 | 0.08% | ||
* Annualized for period less than one year.
How did the Fund perform since inception? What affected the Fund’s performance?
| Performance Highlights • The Nuveen International Aggregate Bond ETF’s total return at net asset value (NAV) was 0.43% for the abbreviated annual reporting period from the Fund’s launch on September 23, 2025, through December 31, 2025. The Fund’s index, the Bloomberg Global Aggregate ex‑USD Index (Hedged) Index, returned 0.65%. • The difference between the Fund’s total return at NAV and that of the index was driven by a limited investable universe relative to the index and transaction costs incurred during the Fund’s ramp‑up period. Both factors are expected to normalize going forward. |
Average Annual Total Returns
| Since Inception (9/23/25) | ||
| NAV |
0.43% | |
| Bloomberg Global Aggregate Bond Index |
0.08% | |
| Bloomberg Global Aggregate ex‑USD Index (Hedged) |
0.65% | |
Fund Statistics (as of December 31, 2025)
| Fund net assets |
$2,535,933,488 | |||
| Total number of portfolio holdings |
2,792 | |||
| Portfolio turnover (%) |
2% | |||
| Total management fees paid for the year |
$ 164,476 | |||
(1) The Fund uses credit quality ratings for its portfolio securities provided by Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) and Fitch, Inc.(“Fitch”). If all three provide a rating for a security, the middle is used; if two of the three agencies rate a security, the lower rating is used; and if only one rating agency rates a security, that rating is used. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC/CC/C and D are below-investment grade ratings. Credit ratings are subject to change. Holdings designated N/R are not rated by Moody’s, S&P or Fitch.
How has the Fund changed?
For more complete information, you may review the Fund’s next prospectus, which is expected to be available by April 30, 2026 at https://www.nuveen.com/en‑us/exchange‑traded‑funds/prospectuses or upon request at (800) 257‑8787.
For more complete information, you may review the Fund’s next prospectus, which is expected to be available by April 30, 2026 at https://www.nuveen.com/en‑us/exchange‑traded‑funds/prospectuses or upon request at (800) 257‑8787.
| [1] | Annualized for period less than one year. |
| [2] | Annualized for period less than one year. |