What this ETF is trying to do

The Nuveen Growth Opportunities ETF (NUGO) is designed to invest in companies with growth potential. Based on its top holdings, it focuses heavily on large technology and semiconductor companies.

What the numbers show

As of October 5, 2026, the share price of NUGO was $45.17.

The ETF has seen the following price returns (which measure only the change in share price):

• Year-to-Date: Approximately 13.61%

• One Year: Approximately 14.11%

• Three Year: Approximately 102.44%

The total return (which includes distributions) is very similar, with a one-year total return of 14.11% and a three-year total return of 102.82%.

To put the one-year price return into perspective, if you had invested $10,000 in this ETF roughly one year ago at the estimated price of $39.58, your investment would be worth approximately $11,411 based on the price increase alone.

Top Holdings

The portfolio is made up of 43 total holdings. As of October 7, 2026, the top holdings included:

• NVIDIA Corp: 15.47%

• Alphabet Inc Class A: 10.20%

• Microsoft Corp: 7.13%

• Apple Inc: 7.06%

• Broadcom Inc: 6.06%

• Eli Lilly and Co: 4.06%

• Mastercard Inc Class A: 3.19%

• Micron Technology Inc: 3.04%

• Advanced Micro Devices Inc: 2.97%

• Applied Materials Inc: 2.71%

Income and distribution explanation

This ETF does not currently provide regular cash income to investors. The distribution yield is 0%, and no distributions were detected over the last 12 months. For investors, this means the primary goal of this fund is price growth rather than receiving a steady check.

NAV erosion explanation

"NAV erosion" happens when the internal value of an ETF's assets drops significantly over time. NUGO has an erosion-risk score of 100, and the erosion label states "No price erosion detected." Additionally, the severe erosion-risk flag is false, meaning the fund has not triggered warnings for substantial price deterioration.

Pros

• Strong three-year price and total returns.

• No detected price erosion.

• Exposure to some of the largest companies in the world.

Cons

• Provides no distribution yield for investors seeking current income.

• High concentration in a few large tech companies.

Beginner takeaway

NUGO is a growth-focused fund. While it has shown strong price increases over the last three years, it does not pay out cash distributions. Investors should remember that a high yield is often what income investors look for, but this specific fund focuses on increasing the share price instead.