Fund Description: Nuveen Enhanced Yield 1-5 Year U.S. Aggregate Bond ETF, formerly NuShares Enhanced Yield 1-5 Year U.S. Aggregate Bond ETF, is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the NuShares ETF Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The Nuveen Enhanced Yield 1-5 Year U.S. Aggregate Bond ETF seeks to provide investment returns that closely correspond to the price and yield performance of the ICE BofAML Enhanced Yield 1-5 Year U.S. Broad Bond Index, formerly BofA Merrill Lynch Enhanced Yield 1-5 Year US Broad Bond Index. INDEX DESCRIPTION: The ICE BofAML Enhanced Yield 1-5 Year U.S. Broad Bond Index is designed to broadly capture the 1-5 year 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. FUND STRATEGY: The fund offers the potential for enhanced yield with the risk and credit quality profile of the short-term, taxable U.S. investment-grade bond market. Rather than weighting by market cap, the strategy uses a rules-based methodology that allocates higher weights to securities and sectors that have the potential for higher yield, while maintaining comparable risk. 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. FUND MANAGEMENT: Nuveen Fund Advisors, LLC serves as the Investment Adviser to the Fund. Teachers Advisors, Inc. serves as the Sub-Adviser to the Fund.