# EDGAR Filing Document

**Accession Number:** 0001635073
**File Stem:** 0001635073-25-000049
**Filing Date:** 2025-9
**Character Count:** 36535
**Document Hash:** e98d2ddd4600759ac53778c44d548585
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001635073-25-000049.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0001635073-25-000049

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nushares ETF Trust
- **CENTRAL INDEX KEY:** 0001635073

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23161
- **FILM NUMBER:** 251346209

**BUSINESS ADDRESS:**
- **STREET 1:** 333 W. WACKER DR.
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-917-8146

**MAIL ADDRESS:**
- **STREET 1:** 333 W. WACKER DR.
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NuShares ETF Trust
- **DATE OF NAME CHANGE:** 20160614

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Nuveen ETF Trust
- **DATE OF NAME CHANGE:** 20150226

## Series and Classes Contracts Data

### Nuveen Dividend Growth ETF (Series ID: S000071941)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000227558 | Nuveen Dividend Growth ETF | NDVG            |

## Nport-Ex

Portfolio of Investments July 31, 2025

NDVG

(Unaudited)

#### SHARES

#### DESCRIPTION

#### VALUE

#### LONG-TERM INVESTMENTS - 99.4%
12861229

#### COMMON STOCKS - 99.4%
12861229

#### BANKS - 4.3%
1,861

JPMorgan Chase & Co

$

551,303

TOTAL BANKS

551,303

#### CAPITAL GOODS - 7.7%
818

Eaton Corp PLC

314,701

958

Honeywell International Inc

213,011

Northrop Grumman Corp

188,552

641

Trane Technologies PLC

280,809

TOTAL CAPITAL GOODS

997,073

#### CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL - 3.8%
992

Lowe's Cos Inc

221,782

2,172

TJX Cos Inc/The

270,479

TOTAL CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL

492,261

#### CONSUMER SERVICES - 3.3%
1,021

McDonald's Corp

306,372

1,415

Starbucks Corp

126,161

TOTAL CONSUMER SERVICES

432,533

#### CONSUMER STAPLES DISTRIBUTION & RETAIL - 2.8%
3,627

Walmart Inc

355,374

TOTAL CONSUMER STAPLES DISTRIBUTION & RETAIL

355,374

#### ENERGY - 3.7%
1,527

Chevron Corp

231,554

2,258

Exxon Mobil Corp

252,083

TOTAL ENERGY

483,637

#### EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) - 3.9%
1,252

American Tower Corp

260,904

2,275

Prologis Inc

242,925

TOTAL EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS)

503,829

#### FINANCIAL SERVICES - 10.0%
1,266

American Express Co

378,927

1,378

Ares Management Corp, Class A

255,660

688

Mastercard Inc, Class A

389,731

500

S&P Global Inc

275,550

TOTAL FINANCIAL SERVICES

1,299,868

#### FOOD, BEVERAGE & TOBACCO - 4.9%
2,594

Mondelez International Inc, Class A

167,806

1,027

PepsiCo Inc

141,644

1,949

Philip Morris International Inc

319,733

TOTAL FOOD, BEVERAGE & TOBACCO

629,183

#### HEALTH CARE EQUIPMENT & SERVICES - 3.6%
2,326

Abbott Laboratories

293,518

612

Elevance Health Inc

173,245

TOTAL HEALTH CARE EQUIPMENT & SERVICES

466,763

#### INSURANCE - 1.9%
1,214

Marsh & McLennan Cos Inc

241,829

TOTAL INSURANCE

241,829

#### MATERIALS - 3.7%
574

(a) Linde PLC

264,189

4,740

Smurfit WestRock PLC

210,361

TOTAL MATERIALS

474,550

#### MEDIA & ENTERTAINMENT - 3.4%
5,720

Comcast Corp, Class A

190,076

Meta Platforms Inc

248,274

TOTAL MEDIA & ENTERTAINMENT

438,350

#### PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 6.0%
1,550

AbbVie Inc

292,981

969

Danaher Corp

191,048

1,734

Novo Nordisk A/S, Sponsored ADR

81,619

1,417

Zoetis Inc

206,585

TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES

772,233

Portfolio of Investments July 31, 2025

(continued)

NDVG

Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") and in conformity with the

applicable rules and regulations of the U.S. Securities and Exchange Commission ("SEC") related to interim filings. Part F of Form N-PORT does not

include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in

financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For

a full set of the Fund's notes to financial statements, please refer to the Fund's most recently filed annual or semi-annual report.

Fair Value Measurements

The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/

Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an

independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to

maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements

for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs

are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management's assumptions about

the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the

circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.

Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit

spreads, etc.).

Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of

investments).

The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value

them:

#### SHARES

#### DESCRIPTION

#### VALUE

#### SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 9.1%
2,389

Broadcom Inc

$

701,649

1,559

Taiwan Semiconductor Manufacturing Co Ltd, Sponsored ADR

376,686

568

Texas Instruments Inc

102,842

TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT

1,181,177

#### SOFTWARE & SERVICES - 11.1%
964

Accenture PLC, Class A

257,484

2,206

Microsoft Corp

1,176,901

TOTAL SOFTWARE & SERVICES

1,434,385

#### TECHNOLOGY HARDWARE & EQUIPMENT - 10.9%
3,513

Amphenol Corp, Class A

374,169

3,303

Apple Inc

685,604

811

Motorola Solutions Inc

356,013

TOTAL TECHNOLOGY HARDWARE & EQUIPMENT

1,415,786

#### TRANSPORTATION - 1.2%
720

Union Pacific Corp

159,818

TOTAL TRANSPORTATION

159,818

#### UTILITIES - 4.1%
3,886

NextEra Energy Inc

276,139

2,339

WEC Energy Group Inc

255,138

TOTAL UTILITIES

531,277

#### TOTAL LONG-TERM INVESTMENTS

#### (Cost $11,953,098)

#### 12,861,229

#### OTHER ASSETS & LIABILITIES, NET - 0.6%

#### 80,845

#### NET ASSETS - 100%

#### $

#### 12,942,074
ADR

American Depositary Receipt

S&P

Standard & Poor's

(a) Non-income producing; issuer has not declared an ex-dividend date within the past twelve months.

#### NDVG

#### Level 1

#### Level 2

#### Level 3

#### Total
Long-Term Investments:

Common Stocks

$

12,861,229

$

–

$

–

$

12,861,229

Total

$

12,861,229

$

–

$

–

$

12,861,229

a

Portfolio of Investments July 31, 2025

NUGO

(Unaudited)

#### SHARES

#### DESCRIPTION

#### VALUE

#### LONG-TERM INVESTMENTS - 97.0%
2665708836

#### COMMON STOCKS - 97.0%
2665708836

#### AUTOMOBILES & COMPONENTS - 1.7%
153,063

(a) Tesla Inc

$

47,184,731

TOTAL AUTOMOBILES & COMPONENTS

47,184,731

#### CAPITAL GOODS - 6.5%
289,239

Carrier Global Corp

19,847,580

62,141

Eaton Corp PLC

23,906,886

54,907

Emerson Electric Co

7,989,518

47,560

GE Vernova Inc

31,403,392

135,023

General Electric Co

36,602,035

57,656

HEICO Corp

18,841,981

138,620

Howmet Aerospace Inc

24,919,717

117,158

Vertiv Holdings Co, Class A

17,058,205

TOTAL CAPITAL GOODS

180,569,314

#### CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL - 10.4%
990,680

(a) Amazon.com Inc

231,928,095

6,490

(a) AutoZone Inc

24,456,786

311,154

(a) O'Reilly Automotive Inc

30,592,661

TOTAL CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL

286,977,542

#### CONSUMER SERVICES - 2.3%
8,809

Booking Holdings Inc

48,485,265

315,089

(a) Chipotle Mexican Grill Inc

13,511,016

TOTAL CONSUMER SERVICES

61,996,281

#### CONSUMER STAPLES DISTRIBUTION & RETAIL - 1.5%
43,094

Costco Wholesale Corp

40,492,846

TOTAL CONSUMER STAPLES DISTRIBUTION & RETAIL

40,492,846

#### FINANCIAL SERVICES - 5.1%
133,408

KKR & Co Inc

19,554,945

211,569

Mastercard Inc, Class A

119,847,491

TOTAL FINANCIAL SERVICES

139,402,436

#### HEALTH CARE EQUIPMENT & SERVICES - 2.0%
209,690

(a) Dexcom Inc

16,936,661

81,774

(a) Intuitive Surgical Inc

39,340,654

TOTAL HEALTH CARE EQUIPMENT & SERVICES

56,277,315

#### MATERIALS - 0.6%
224,691

Corteva Inc

16,206,962

TOTAL MATERIALS

16,206,962

#### MEDIA & ENTERTAINMENT - 11.5%
632,689

Alphabet Inc, Class A

121,413,019

174,828

Meta Platforms Inc

135,218,968

50,554

(a) Netflix Inc

58,612,308

TOTAL MEDIA & ENTERTAINMENT

315,244,295

#### PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 2.9%
105,228

Eli Lilly & Co

77,876,086

TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES

77,876,086

#### SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 23.7%
71,903

Applied Materials Inc

12,946,854

706,214

Broadcom Inc

207,415,052

291,488

Microchip Technology Inc

19,701,674

2,312,078

NVIDIA Corp

411,249,314

TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT

651,312,894

#### SOFTWARE & SERVICES - 20.1%
36,010

(a) Crowdstrike Holdings Inc, Class A

16,369,066

705,968

Microsoft Corp

376,633,928

135,678

(a) Palantir Technologies Inc, Class A

21,484,611

167,040

(a) Palo Alto Networks Inc

28,998,144

31,143

(a) PTC Inc

6,689,828

54,304

(a) ServiceNow Inc

51,215,188

284,181

(a) Shopify Inc, Class A

34,729,760

106,426

(a) Trade Desk Inc/The, Class A

9,254,805

Portfolio of Investments July 31, 2025

(continued)

NUGO

Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") and in conformity with the

applicable rules and regulations of the U.S. Securities and Exchange Commission ("SEC") related to interim filings. Part F of Form N-PORT does not

include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in

financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For

a full set of the Fund's notes to financial statements, please refer to the Fund's most recently filed annual or semi-annual report.

Fair Value Measurements

The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/

Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an

independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to

maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements

for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs

are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management's assumptions about

the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the

circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.

Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit

spreads, etc.).

Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of

investments).

The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value

them:

#### SHARES

#### DESCRIPTION

#### VALUE

#### SOFTWARE & SERVICES
(continued)

28,737

(a) Zscaler Inc

$

8,206,138

TOTAL SOFTWARE & SERVICES

553,581,468

#### TECHNOLOGY HARDWARE & EQUIPMENT - 6.9%
647,954

Apple Inc

134,495,812

440,329

(a) Arista Networks Inc

54,257,339

TOTAL TECHNOLOGY HARDWARE & EQUIPMENT

188,753,151

#### TRANSPORTATION - 0.9%
278,186

(a) Uber Technologies Inc

24,410,821

TOTAL TRANSPORTATION

24,410,821

#### UTILITIES - 0.9%
121,908

Vistra Corp

25,422,694

TOTAL UTILITIES

25,422,694

#### TOTAL LONG-TERM INVESTMENTS

#### (Cost $1,610,614,260)

#### 2,665,708,836

#### OTHER ASSETS & LIABILITIES, NET - 3.0%

#### 82,326,218

#### NET ASSETS - 100%

#### $

#### 2,748,035,054
(a) Non-income producing; issuer has not declared an ex-dividend date within the past twelve months.

#### NUGO

#### Level 1

#### Level 2

#### Level 3

#### Total
Long-Term Investments:

Common Stocks

$

2,665,708,836

$

–

$

–

$

2,665,708,836

Total

$

2,665,708,836

$

–

$

–

$

2,665,708,836

a

Portfolio of Investments July 31, 2025

NWLG

(Unaudited)

#### SHARES

#### DESCRIPTION

#### VALUE

#### LONG-TERM INVESTMENTS - 99.3%
10588724

#### COMMON STOCKS - 99.3%
10588724

#### AUTOMOBILES & COMPONENTS - 1.3%

(a) Tesla Inc

$

141,804

TOTAL AUTOMOBILES & COMPONENTS

141,804

#### CAPITAL GOODS - 8.7%

(a) Axon Enterprise Inc

99,725

Comfort Systems USA Inc

210,990

General Electric Co

111,685

599

Howmet Aerospace Inc

107,682

507

Trane Technologies PLC

222,107

1,180

Vertiv Holdings Co, Class A

171,808

TOTAL CAPITAL GOODS

923,997

#### COMMERCIAL & PROFESSIONAL SERVICES - 1.2%

Automatic Data Processing Inc

126,895

TOTAL COMMERCIAL & PROFESSIONAL SERVICES

126,895

#### CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL - 7.1%
3,213

(a) Amazon.com Inc

752,196

TOTAL CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL

752,196

#### CONSUMER DURABLES & APPAREL - 0.6%
1,290

(a) On Holding AG, Class A

62,655

TOTAL CONSUMER DURABLES & APPAREL

62,655

#### CONSUMER SERVICES - 3.7%

Booking Holdings Inc

121,089

585

(a) DoorDash Inc, Class A

146,396

Hilton Worldwide Holdings Inc

125,998

TOTAL CONSUMER SERVICES

393,483

#### FINANCIAL SERVICES - 9.1%
630

Ares Management Corp, Class A

116,884

LPL Financial Holdings Inc

119,511

522

Mastercard Inc

295,697

Moody's Corp

126,354

915

Visa Inc, Class A

316,105

TOTAL FINANCIAL SERVICES

974,551

#### HEALTH CARE EQUIPMENT & SERVICES - 3.7%
566

(a) Intuitive Surgical Inc

272,297

Stryker Corp

113,499

TOTAL HEALTH CARE EQUIPMENT & SERVICES

385,796

#### MATERIALS - 1.2%
507

Ecolab Inc

132,712

TOTAL MATERIALS

132,712

#### MEDIA & ENTERTAINMENT - 7.8%
681

Meta Platforms Inc

526,713

(a) Netflix Inc

166,953

(a) Spotify Technology SA

141,598

TOTAL MEDIA & ENTERTAINMENT

835,264

#### PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 5.0%

(a) Alnylam Pharmaceuticals Inc

143,952

530

Danaher Corp

104,495

Eli Lilly & Co

289,367

TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES

537,814

#### SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 17.9%
1,512

Broadcom Inc

444,074

1,574

Lam Research Corp

149,278

6,794

NVIDIA Corp

1,208,449

601

Texas Instruments Inc

108,817

TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT

1,910,618

#### SOFTWARE & SERVICES - 26.8%

(a) Cadence Design Systems Inc

162,234

Intuit Inc

288,928

2,550

Microsoft Corp

1,360,425

530

Oracle Corp

134,498

Portfolio of Investments July 31, 2025

(continued)

NWLG

Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") and in conformity with the

applicable rules and regulations of the U.S. Securities and Exchange Commission ("SEC") related to interim filings. Part F of Form N-PORT does not

include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in

financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For

a full set of the Fund's notes to financial statements, please refer to the Fund's most recently filed annual or semi-annual report.

Fair Value Measurements

The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/

Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an

independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to

maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements

for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs

are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management's assumptions about

the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the

circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.

Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit

spreads, etc.).

Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of

investments).

The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value

them:

#### SHARES

#### DESCRIPTION

#### VALUE

#### SOFTWARE & SERVICES
(continued)

7,010

(a) SailPoint Inc

$

156,603

(a) ServiceNow Inc

289,538

1,461

(a) Shopify Inc, Class A

178,549

1,285

(a) Snowflake Inc

287,198

TOTAL SOFTWARE & SERVICES

2,857,973

#### TECHNOLOGY HARDWARE & EQUIPMENT - 5.2%
2,664

Apple Inc

552,966

TOTAL TECHNOLOGY HARDWARE & EQUIPMENT

552,966

#### TOTAL LONG-TERM INVESTMENTS

#### (Cost $7,329,118)

#### 10,588,724

#### OTHER ASSETS & LIABILITIES, NET - 0.7%

#### 73,766

#### NET ASSETS - 100%

#### $

#### 10,662,490
(a) Non-income producing; issuer has not declared an ex-dividend date within the past twelve months.

#### NWLG

#### Level 1

#### Level 2

#### Level 3

#### Total
Long-Term Investments:

Common Stocks

$

10,588,724

$

–

$

–

$

10,588,724

Total

$

10,588,724

$

–

$

–

$

10,588,724

a

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** NuShares ETF Trust

- **b. Investment Company Act file number:** 811-23161

- **c. CIK number of Registrant:** 0001635073

- **d. LEI of Registrant:** 549300UWO63YZ5POLH71

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 333 W. Wacker Dr

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-917-7700

**Item A.2. Information about the Series.**

- **a. Name of Series:** Nuveen Dividend Growth ETF

- **b. EDGAR series identifier (if any):** S000071941

- **c. LEI of Series:** 549300JF3CVNFGS8J048

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $12949283.00

**Total Liabilities:** $7209.00

**Net Assets:** $12942074.00

**Cash Not Reported:** $77500.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227558 | 4.27%                | 3.21%                | 0.38%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-150947.25              | $640848.38                                 |
| Month 2  | $7681.79                 | $367536.57                                 |
| Month 3  | $-20313.60               | $56052.20                                  |

### Schedule of Portfolio Investments

| Name                                      | Title                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Exxon Mobil Corp                          | Exxon Mobil Corp                          | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      2258 | NS      | $252083.12    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                              | Broadcom Inc                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      2389 | NS      | $701649.30    | 5.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                            | Mastercard Inc                            | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       688 | NS      | $389731.36    | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                            | Starbucks Corp                            | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      1415 | NS      | $126161.40    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                    | Motorola Solutions Inc                    | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |       811 | NS      | $356012.78    | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      1559 | NS      | $376685.58    | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                            | Microsoft Corp                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2206 | NS      | $1176901.00   | 9.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                             | Amphenol Corp                             | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      3513 | NS      | $374169.63    | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc               | Honeywell International Inc               | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |       958 | NS      | $213011.30    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                               | PepsiCo Inc                               | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      1027 | NS      | $141643.84    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                            | Eaton Corp PLC                            | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | US        |       818 | NS      | $314700.96    | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                       | Abbott Laboratories                       | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      2326 | NS      | $293517.94    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                    | Trane Technologies PLC                    | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | US        |       641 | NS      | $280809.28    | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                              | Comcast Corp                              | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |      5720 | NS      | $190075.60    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                        | Meta Platforms Inc                        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       321 | NS      | $248274.24    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                       | American Tower Corp                       | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      1252 | NS      | $260904.28    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                              | Chevron Corp                              | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1527 | NS      | $231554.28    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                        | NextEra Energy Inc                        | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      3886 | NS      | $276139.16    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                              | Danaher Corp                              | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |       969 | NS      | $191048.04    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                 | Apple Inc                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      3303 | NS      | $685603.71    | 5.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                          | Novo Nordisk A/S                          | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |      1734 | NS      | $81619.38     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                              | Prologis Inc                              | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      2275 | NS      | $242924.50    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                     | Northrop Grumman Corp                     | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |       327 | NS      | $188551.47    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Smurfit WestRock PLC                      | Smurfit WestRock PLC                      | CUSIP: G8267P108<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               | CORP              | US        |      4740 | NS      | $210361.20    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                             | Accenture PLC                             | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | US        |       964 | NS      | $257484.40    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                            | S&P Global Inc                            | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |       500 | NS      | $275550.00    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                        | Union Pacific Corp                        | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |       720 | NS      | $159818.40    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                 | Linde PLC                                 | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | US        |       574 | NS      | $264189.24    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                                | Zoetis Inc                                | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      1417 | NS      | $206584.43    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                               | Walmart Inc                               | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      3627 | NS      | $355373.46    | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                       | Elevance Health Inc                       | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |       612 | NS      | $173244.96    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                           | TJX Cos Inc/The                           | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      2172 | NS      | $270479.16    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                       | JPMorgan Chase & Co                       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      1861 | NS      | $551302.64    | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                  | Marsh & McLennan Cos Inc                  | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      1214 | NS      | $241828.80    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc           | Philip Morris International Inc           | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      1949 | NS      | $319733.45    | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc                | Mondelez International Inc                | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      2594 | NS      | $167805.86    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                           | McDonald's Corp                           | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      1021 | NS      | $306371.47    | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                     | Texas Instruments Inc                     | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |       568 | NS      | $102842.08    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                       | American Express Co                       | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      1266 | NS      | $378926.46    | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                | AbbVie Inc                                | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      1550 | NS      | $292981.00    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp                      | Ares Management Corp                      | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |      1378 | NS      | $255660.34    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                            | Lowe's Cos Inc                            | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |       992 | NS      | $221781.44    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc                      | WEC Energy Group Inc                      | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |      2339 | NS      | $255138.12    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

**Name of Applicant:** Nushares ETF Trust

**Signature:** Gina Spunder

**Name of Signer:** Gina Spunder

**Title:** Director, Fund Financial Reporting