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NCLO vs FAAA

Nuveen Aa-bbb Clo Etf vs Fidelity AAA CLO ETF

NCLO

Nuveen AA-BBB CLO ETF

Nuveen

Annual cost

0.26%

Fund size

$148M

FAAA

Fidelity AAA CLO ETF

Fidelity Investments

Annual cost

0.00%

Fund size

$29M

Key differences

  • FAAA costs 0.26% less per year.
  • NCLO is significantly larger than FAAA — larger funds tend to be more liquid and less likely to close.
  • NCLO follows a active selection strategy; FAAA uses index tracking.

Side-by-side comparison

NCLOFAAA
Annual cost (TER)0.26%0.00%
Fund size (AUM)$148M$29M
Since20242026
Dividend yield5.86%
Asset classfixed incomefixed income
Regionnorth america
Strategyactive selectionindex tracking
CAGR 1Y+6.0%N/A
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y3.57%
Max drawdown-3.06%-0.56%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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