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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/28/22 Nushares ETF Trust 485BPOS 2/28/22 34:13M Donnelley … Solutions/FA → Nuveen Dividend Growth ETF ⇒ NDVG → Nuveen ESG Dividend ETF ⇒ NUDV → Nuveen ESG Emerging Markets Equity ETF ⇒ NUEM → Nuveen ESG International Developed Markets Equity ETF ⇒ NUDM → Nuveen ESG Large-Cap ETF ⇒ NULC → Nuveen ESG Large-Cap Growth ETF ⇒ NULG → Nuveen ESG Large-Cap Value ETF ⇒ NULV → Nuveen ESG Mid-Cap Growth ETF ⇒ NUMG → Nuveen ESG Mid-Cap Value ETF ⇒ NUMV → Nuveen ESG Small-Cap ETF ⇒ NUSC → Nuveen Growth Opportunities ETF ⇒ NUGO → Nuveen Small Cap Select ETF ⇒ NSCS → Nuveen Winslow Large-Cap Growth ESG ETF ⇒ NWLG |
Document/Exhibit Description Pages Size
1: 485BPOS Nushares Etf Trust HTML 3.28M
2: EX-99.D.IX Amended and Restated Investment Sub-Advisory HTML 35K
Agreement Dated December 31, 2021
7: EX-99.H.IX Rule 12D1-4 Investment Agreement Dated January 19, HTML 48K
2022 Litman
3: EX-99.H.V Rule 12D1-4 Funds of Funds Investment Agreement HTML 29K
for Tiaa-Cref Funds of Funds
4: EX-99.H.VI Rule 12D1-4 Investment Agreement Dated January 19, HTML 51K
2022 Vaneck
5: EX-99.H.VII Rule 12D1-4 Investment Agreement Dated January HTML 48K
19, 2022 Thrivent
6: EX-99.H.VIII Rule 12D1-4 Investment Agreement Dated January HTML 48K
19, 2022 Mainstay
8: EX-99.III Opinion and Consent of Counsel, Morgan, Lewis and HTML 22K
Bockius LLP
9: EX-99.J Consent of Independent Registered Public HTML 14K
Accounting Firm, Kpmg LLP
10: EX-99.P.1 Code of Ethics and Reporting Requirements of HTML 92K
Nuveen
16: R1 Document and Entity Information HTML 30K
17: R2 Risk/Return Detail Data- Nuveen ESG Dividend ETF HTML 115K
18: R3 Risk/Return Detail Data- Nuveen ESG Large-Cap ETF HTML 162K
19: R4 Risk/Return Detail Data- Nuveen ESG Large-Cap HTML 181K
Growth ETF
20: R5 Risk/Return Detail Data- Nuveen ESG Large-Cap HTML 181K
Value ETF
21: R6 Risk/Return Detail Data- Nuveen ESG Mid-Cap Growth HTML 181K
ETF
22: R7 Risk/Return Detail Data- Nuveen ESG Mid-Cap Value HTML 180K
ETF
23: R8 Risk/Return Detail Data- Nuveen ESG Small-Cap ETF HTML 178K
24: R9 Risk/Return Detail Data- Nuveen ESG International HTML 176K
Developed Markets Equity ETF
25: R10 Risk/Return Detail Data- Nuveen ESG Emerging HTML 179K
Markets Equity ETF
26: R11 Risk/Return Detail Data- Nuveen Dividend Growth HTML 123K
ETF
27: R12 Risk/Return Detail Data- Nuveen Growth HTML 128K
Opportunities ETF
28: R13 Risk/Return Detail Data- Nuveen Small Cap Select HTML 124K
ETF
29: R14 Risk/Return Detail Data- Nuveen Winslow Large-Cap HTML 139K
Growth ESG ETF
32: XML IDEA XML File -- Filing Summary XML 48K
30: XML XBRL Instance -- d261477d485bpos_htm XML 873K
31: EXCEL IDEA Workbook of Financial Reports XLSX 5K
12: EX-101.CAL XBRL Calculations -- net-20220225_cal XML 23K
13: EX-101.DEF XBRL Definitions -- net-20220225_def XML 2.65M
14: EX-101.LAB XBRL Labels -- net-20220225_lab XML 540K
15: EX-101.PRE XBRL Presentations -- net-20220225_pre XML 2.50M
11: EX-101.SCH XBRL Schema -- net-20220225 XSD 61K
33: JSON XBRL Instance as JSON Data -- MetaLinks 170± 463K
34: ZIP XBRL Zipped Folder -- 0001193125-22-054955-xbrl Zip 1.20M
| Amended and Restated Investment Sub-Advisory Agreement dated December 31, 2021 |
AMENDED AND RESTATED INVESTMENT SUB-ADVISORY AGREEMENT
AGREEMENT effective as of this 31st day of December 2021 by and between Nuveen Fund Advisors, LLC, a Delaware limited liability company and a registered investment adviser (“Manager”), and Nuveen Asset Management, LLC, a Delaware limited liability company and a registered investment adviser (“NAM” or “Sub-Adviser”).
WHEREAS, Manager is the investment manager for Nuveen Dividend Growth ETF (the “Fund”), a series of Nushares ETF Trust (the “Trust”), an open-end management investment company registered under the Investment Company Act of 1940, as amended (“1940 Act”); and
WHEREAS, Santa Barbara Asset Management, LLC (“SBAM”) previously served as sub-adviser to the Fund pursuant to an investment sub-advisory agreement dated July 26, 2021 (the “Prior Agreement”); and
WHEREAS, NAM assumed the Prior Agreement effective December 31, 2021, pursuant to an Assignment and Assumption Agreement between NAM and SBAM; and
WHEREAS, Manager and NAM desire to amend and restate the Prior Agreement in order to reflect NAM’s assumption thereof;
NOW, THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto agree as follows:
1. Appointment. Manager hereby appoints Sub-Adviser to provide certain sub-investment advisory services to the Fund for the period and on the terms set forth in this Agreement. Sub-Adviser accepts such appointments and agrees to furnish the services herein set forth for the compensation herein provided.
2. Services to be Performed. Subject always to the supervision of Trust’s Board of Trustees and the Manager, Sub-Adviser will furnish an investment program in respect of, make investment decisions for, and place all orders for the purchase and sale of securities for the Fund, all on behalf of the Fund. In the performance of its duties, Sub-Adviser will satisfy its fiduciary duties to the Trust, will monitor the Fund’s investments, and will comply with the provisions of the Trust’s Declaration of Trust and By-laws, as amended from time to time, and the stated investment objectives, policies and restrictions of the Fund. Manager will provide Sub-Adviser with current copies of the Trust’s Declaration of Trust, By-laws, prospectus and any amendments thereto, and any objectives, policies or limitations not appearing therein as they may be relevant to Sub-Adviser’s performance under this Agreement. Sub-Adviser and Manager will each make its officers and employees available to the other from time to time at reasonable times to review investment policies of the Fund and to consult with each other regarding the investment affairs of the Fund. Sub-Adviser will report to the Board of Trustees and to Manager with respect to the implementation of such program.
Sub-Adviser is authorized to select the brokers or dealers that will execute the purchases and sales of portfolio securities for the Fund, and is directed to use its best efforts to obtain best execution, which includes most favorable net results and execution of the Trust’s orders, taking into account all appropriate factors, including price, dealer spread or commission, size and difficulty of the transaction and research or other services provided. It is understood that the Sub-Adviser will not be deemed to have acted unlawfully, or to have breached a fiduciary duty to the Trust or the Fund, or be in breach of any obligation owing to the Trust or the Fund under this Agreement, or otherwise, solely by reason of its
having caused the Fund to pay a member of a securities exchange, a broker or a dealer a commission for effecting a securities transaction for the Fund in excess of the amount of commission another member of an exchange, broker or dealer would have charged if the Sub-Adviser determined in good faith that the commission paid was reasonable in relation to the brokerage or research services provided by such member, broker or dealer, viewed in terms of that particular transaction or the Sub-Adviser’s overall responsibilities with respect to its accounts, including the Fund, as to which it exercises investment discretion. In addition, if in the judgment of the Sub-Adviser, the Fund would be benefited by supplemental services, the Sub-Adviser is authorized to pay spreads or commissions to brokers or dealers furnishing such services in excess of spreads or commissions which another broker or dealer may charge for the same transaction, provided that the Sub-Adviser determined in good faith that the commission or spread paid was reasonable in relation to the services provided. The Sub-Adviser will properly communicate to the officers and trustees of the Trust such information relating to transactions for the Fund as they may reasonably request. In no instance will portfolio securities be purchased from or sold to the Manager, Sub-Adviser or any affiliated person of either the Trust, Manager, or Sub-Adviser, except as may be permitted under the 1940 Act and under no circumstances will Sub-Adviser select brokers or dealers for Fund transactions on the basis of Fund share sales by such brokers or dealers;
Sub-Adviser further agrees that it:
| (a) | will use the same degree of skill and care in providing such services as it uses in providing services to fiduciary accounts for which it has investment responsibilities; |
| (b) | will conform to all applicable Rules and Regulations of the Securities and Exchange Commission in all material respects and in addition will conduct its activities under this Agreement in accordance with any applicable regulations of any governmental authority pertaining to its investment advisory activities; |
| (c) | will report regularly to Manager and to the Board of Trustees of the Trust (as reasonably requested) and will make appropriate persons available for the purpose of reviewing with representatives of Manager and the Board of Trustees on a regular basis at reasonable times the management of the Fund, including, without limitation, review of the general investment strategies of the Fund, the performance of the Fund in relation to standard industry indices and general conditions affecting the marketplace and will provide various other reports from time to time as reasonably requested by Manager; |
| (d) | will prepare such books and records with respect to the Fund’s securities transactions as required by law, the Fund’s compliance policies and procedures or as reasonably requested by the Manager and will furnish Manager and Trust’s Board of Trustees such periodic and special reports as the Board or Manager may reasonably request; and |
| (e) | will monitor the pricing of portfolio securities, and events relating to the issuers of those securities and the markets in which the securities trade in the ordinary course of managing the portfolio securities of the Fund, and will notify Manager promptly of any issuer-specific or market events or other situations that occur (particularly those that may occur after the close of a foreign market in which the securities may primarily trade but before the time at which the Fund’s securities are priced on a given day) that may materially impact the pricing of one or more securities in Sub-Adviser’s portion of the portfolio. In addition, Sub-Adviser will assist Manager in evaluating the impact that such an event may have on the net asset value of the Fund and in determining a recommended fair value of the affected security or securities. |
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| 3. | Expenses. During the term of this Agreement, Sub-Adviser will pay all expenses incurred by it in connection with its activities under this Agreement other than the cost of securities (including brokerage commission, if any) purchased for the Trust. |
4. Compensation. For the services provided and the expenses assumed pursuant to this Agreement, Manager will pay the Sub-Adviser, and the Sub-Adviser agrees to accept as full compensation therefor, a portfolio management fee for the Fund equal to 50.0000% of the remainder of (a) the investment management fee payable by the Fund to the Manager based on average daily net assets pursuant to the Management Agreement, less (b) any management fee waivers, expense reimbursement payments, revenue sharing payments and operating expenses of the Fund borne by the Manager in respect of the Fund.
The management fee shall accrue on each calendar day, and shall be payable monthly on the fifth business day of the next succeeding calendar month. The daily fee accrual shall be computed by multiplying the fraction of one divided by the number of days in the calendar year by the applicable annual rate of fee, and multiplying this product by the net assets of the Trust, determined in the manner established by the Board of Trustees, as of the close of business on the last preceding business day on which the Trust’s net asset value was determined.
For the month and year in which this Agreement becomes effective or terminates, there shall be an appropriate proration on the basis of the number of days that the Agreement is in effect during the month and year, respectively.
5. Services to Others. Manager understands, and has advised the Trust’s Board of Trustees, that Sub-Adviser now acts, or may in the future act, as an investment adviser to fiduciary and other managed accounts, and as investment adviser or sub-investment adviser to one other investment company that is not a series of the Trust, provided that whenever the Fund and one or more other investment advisory clients of Sub-Adviser have available funds for investment, investments suitable and appropriate for each will be allocated in a manner believed by Sub-Adviser to be equitable to each. Manager recognizes, and has advised the Trust’s Board of Trustees, that in some cases this procedure may adversely affect the size of the position that the Fund may obtain in a particular security. It is further agreed that, on occasions when the Sub-Adviser deems the purchase or sale of a security to be in the best interests of the Fund as well as other accounts, it may, to the extent permitted by applicable law, but will not be obligated to, aggregate the securities to be so sold or purchased for the Fund with those to be sold or purchased for other accounts in order to obtain favorable execution and lower brokerage commissions. In addition, Manager understands, and has advised the Trust’s Board of Trustees, that the persons employed by Sub-Adviser to assist in Sub-Adviser’s duties under this Agreement will not devote their full such efforts and service to the Trust. It is also agreed that the Sub-Adviser may use any supplemental research obtained for the benefit of the Trust in providing investment advice to its other investment advisory accounts or for managing its own accounts.
6. Limitation of Liability. Manager will not take any action against Sub-Adviser to hold Sub-Adviser liable for any error of judgment or mistake of law or for any loss suffered by the Trust in connection with the performance of Sub-Adviser’s duties under this Agreement, except for a loss resulting from Sub-Adviser’s willful misfeasance, bad faith, or gross negligence in the performance of its duties or by reason of its reckless disregard of its obligations and duties under this Agreement.
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7. Term; Termination; Amendment. This Agreement shall become effective and shall run until August 1, 2022 unless sooner terminated as hereinafter provided. This Agreement shall continue in force from year to year after the initial period with respect to the Fund, but only as long as such continuance is specifically approved for the Fund at least annually in the manner required by the 1940 Act and the rules and regulations thereunder; provided, however, that if the continuation of this Agreement is not approved for the Fund, the Sub-Adviser may continue to serve in such capacity for the Fund in the manner and to the extent permitted by the 1940 Act and the rules and regulations thereunder.
This Agreement shall automatically terminate in the event of its assignment and may be terminated at any time without the payment of any penalty by either party on sixty (60) days’ written notice to the Sub-Adviser. This Agreement may also be terminated by the Trust with respect to the Fund by action of the Board of Trustees or by a vote of a majority of the outstanding voting securities of such Fund on sixty (60) days’ written notice to the Sub-Adviser by the Trust.
This Agreement may be terminated with respect to the Fund at any time without the payment of any penalty by the Manager, the Board of Trustees or by vote of a majority of the outstanding voting securities of the Fund in the event that it shall have been established by a court of competent jurisdiction that the Sub-Adviser or any officer or director of the Sub-Adviser has taken any action which results in a breach of the covenants of the Sub-Adviser set forth herein.
The terms “assignment” and “vote of a majority of the outstanding voting securities” shall have the meanings set forth in the 1940 Act and the rules and regulations thereunder.
Termination of this Agreement shall not affect the right of the Sub-Adviser to receive payments on any unpaid balance of the compensation described in Section 4 earned prior to such termination. This Agreement shall automatically terminate in the event the Investment Management Agreement between the Manager and the Trust is terminated, assigned or not renewed.
This Agreement may be amended, modified or supplemented only by a written instrument duly executed by an authorized representative of each of the parties.
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8. Notice. Any notice under this Agreement shall be in writing, addressed and delivered or mailed, postage prepaid, to the other party
| If to the Manager: | If to the Sub-Adviser: | |
| Nuveen Fund Advisors, LLC | Nuveen Asset Management, LLC | |
| 333 West Wacker Drive | 333 West Wacker Drive | |
| Chicago, Illinois 60606 | Chicago, Illinois 60606 | |
| Attention: Deann D. Morgan | Attention: William T. Huffman | |
| With a copy to: | With a copy to: | |
| Nuveen Investments, Inc. | Nuveen Asset Management, LLC | |
| 333 West Wacker Drive | 333 West Wacker Drive | |
| Chicago, Illinois 60606 | Chicago, Illinois 60606 | |
| Attention: General Counsel | Attention: General Counsel | |
or such address as such party may designate for the receipt of such notice.
9. Limitations on Liability. All parties hereto are expressly put on notice of the Trust’s Agreement and Declaration of Trust and all amendments thereto, a copy of which is on file with the Secretary of the Commonwealth of Massachusetts, and the limitation of shareholder and trustee liability contained therein. The obligations of the Trust entered in the name or on behalf thereof by any of the Trustees, representatives or agents are made not individually but only in such capacities and are not binding upon any of the Trustees, officers, or shareholders of the Trust individually but are binding upon only the assets and property of the Trust, and persons dealing with the Trust must look solely to the assets of the Trust and those assets belonging to the subject Fund, for the enforcement of any claims.
10. Miscellaneous. The captions in this Agreement are included for convenience of reference only and in no way define or delimit any of the provisions hereof or otherwise affect their construction or effect. If any provision of this Agreement is held or made invalid by a court decision, statute, rule or otherwise, the remainder of this Agreement will not be affected thereby. This Agreement will be binding upon and shall inure to the benefit of the parties hereto and their respective successors.
11. Applicable Law. This Agreement shall be construed in accordance with applicable federal law and (except as to Section 9 hereof which shall be construed in accordance with the laws of Massachusetts) the laws of the State of Illinois.
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IN WITNESS WHEREOF, the Manager and the Sub-Adviser have caused this Agreement to be executed as of the day and year first above written.
| NUVEEN FUND ADVISORS, LLC, a Delaware limited liability company | NUVEEN ASSET MANAGEMENT, LLC, a Delaware limited liability company | |||||||||
| By: | By: | /s/ Mark Czarniecki |
||||||||
| Title: | Managing Director | Title: | Vice President |
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| This ‘485BPOS’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 8/1/22 | ||||
| Filed as of / Effective on: | 2/28/22 | 497K, NPORT-P | ||
| Filed on: | 2/25/22 | |||
| 12/31/21 | 24F-2NT, N-CEN, N-CSR, NPORT-P | |||
| 7/26/21 | ||||
| List all Filings | ||||