Securities
and
Exchange
Commission
(the
“SEC”)
Adopts
Amendments
for
Tailored
Shareholder
Reports
On
October
26,
2022,
the
SEC
adopted
rule
and
form
amendments
(the
“Amendments”)
that
require
mutual
funds
and
exchange-
traded
funds
registered
on
Form
N-1A
to
provide
shareholders
with
streamlined
annual
and
semi-annual
shareholder
reports
(“Tailored
Shareholder
Reports”).
Tailored
Shareholder
Reports
are
meant
to
be
three
to
four
pages
in
length
and
will
highlight
key
information
such
as
a
fund’s
expenses,
performance
and
portfolio
holdings.
Other,
more
detailed
information
that
currently
appears
in
fund
shareholder
reports
will
be
made
available
online,
filed
with
the
SEC,
and
delivered
to
investors
free
of
charge
in
paper
or
electronically
upon
request.
The
first
Tailored
Shareholder
Reports
to
be
prepared
for
these
Funds
will
be
for
the
reporting
period
ended
October
31,
2024.
Portfolio
Manager
Update
for
Nuveen
Winslow
Large-Cap
Growth
ESG
ETF
(NWLG)
Effective
March
21,
2023,
Steven
Hamill,
CFA,
Senior
Managing
Director
and
Portfolio
Manager,
has
been
added
as
a
portfolio
manager.
There
were
no
other
changes
to
the
portfolio
management
of
the
Fund
during
the
reporting
period.
Events
that
Occurred
Subsequent
to
the
Reporting
Period
Nuveen
Growth
Opportunities
ETF
(NUGO)
Transitions
from
Semi-Transparent
to
Fully
Transparent
Effective
November
1,
2023,
NUGO
completed
its
transition
from
semi-transparent
to
fully
transparent.
Semi-transparent
ETFs
disclose
their
full
portfolio
of
securities
monthly
while
fully
transparent
ETFs
disclose
their
full
portfolio
of
securities
each
day.
There
were
no
significant
changes
to
NUGO’s
investment
process
or
philosophy
as
a
result
of
this
transition.
However,
moving
to
fully
transparent
will
allow
the
portfolio
managers
to
invest
in
security
types
that
were
otherwise
prohibited
under
the
semi-transparent
structure.
This
provides
the
portfolio
management
team
greater
flexibility
in
executing
their
strategy
and
meeting
the
investment
objective.
For
additional
information
regarding
the
unique
attributes
and
risks
of
this
ETF,
please
refer
to
the
Fund’s
prospectus
and/
or
statement
of
additional
information
at
https://www.nuveen.com/en-us/exchange-traded-funds.