Nuveen Changes Short-Term REIT ETF Sub-Adviser Following Internal Merger

Nuveen has updated the sub-advisory arrangements for its Nuveen Short-Term REIT ETF following the merger of Teachers Advisors, LLC into Nuveen Asset Management, LLC, completed on July 31, 2026. Under the revised agreements, Nuveen Asset Management replaced Teachers Advisors as the fund's sub-adviser effective August 1, with the change formally reflected in November 12 prospectus supplements. Both entities operate under Nuveen and its parent company, TIAA, making the transition an internal consolidation rather than a change in external management. Nuveen confirmed that the ETF's portfolio management team, investment objectives, strategies, risk profile and fees will remain unchanged. The restructuring simplifies the group's investment management operations without affecting the fund's day-to-day investment approach or shareholder costs.