Nuveen launches two ETFs for dividend growth, infrastructure

Nuveen listed two actively managed exchange-traded funds on the New York Stock Exchange on June 3. The Nuveen Dividend Growth Fund trades under the ticker NUDG and carries a 0.61% expense ratio. The Nuveen Global Infrastructure Fund trades as NGIF and has a 0.88% expense ratio.

NUDG targets companies with records of growing dividends and increases exposure to sectors that have historically paid higher yields. The fund can invest across market capitalizations and may allocate a portion of its portfolio to non-U.S. equities. Nuveen defines high-quality holdings for NUDG by past performance, company fundamentals, management discipline and a history of returning capital to shareholders.

NGIF invests in companies involved in ownership, development, construction, financing and operation of infrastructure-related assets. The fund may hold both listed equities and real estate investment trusts of varying sizes. Its selection criteria prioritize valuations relative to industry peers, firms with disciplined financial management, long-term service contracts tied to infrastructure operations and identifiable short-term catalysts.

Both funds are permitted to invest outside the United States, allowing managers to access opportunities in developed and emerging markets. Nuveen’s filings note that infrastructure assets can operate under long-term, inflation-linked contracts and may produce cash flows with lower correlation to broader equity markets.

Nuveen’s filings list the expense ratios at 0.61% for NUDG and 0.88% for NGIF. Both ETFs are actively managed, which gives portfolio managers discretion in security selection rather than requiring them to track an index. The filings state that Nuveen will continuously monitor holdings against benchmarks and may liquidate positions if valuations no longer meet the funds’ criteria.