NYSE Arca · ETF
Invest in NCLO ETF from India
Indian and foreign residents can buy Nushares ETF Trust - Nuveen AA-BBB CLO ETF (NCLO) units directly through Paasa.
By Paasa · Updated
NCLO at a glance
- Price
- $25.13+$0.04 (0.16%)
- Expense ratio
- 0.26%
- Day range
- $25.07 – $25.14
- Assets
- $163.0M
- Domicile
- the US
- Holdings
- 107
- Launched
- 2024
- Dividends
- Distributing
- 1 month
- +0.20%
- 6 months
- +0.84%
- YTD
- +0.52%
- 1 year
- +0.16%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1NEUB 2019- VRN 07/20/20393.1%
- 2AIMCO 2015 VRN 10/17/20382.5%
- 3OAKC 2021- VRN 07/18/20382.2%
- 4OCP 2025-4 VRN 04/16/20382.2%
- 5AIMCO 2022 VRN 07/20/20392.2%
- 6GLM 2023-1 VRN 01/20/20392.1%
- 7MIDO 2024- VRN 10/20/20372.0%
- 8AIMCO 2018 VRN 10/17/20371.9%
- 9ARES 2024- VRN 01/15/20371.9%
- 10KKR 2026-6 VRN 07/15/20391.8%
NCLO holds 107 securities in total. These 10 are 21.8% of the fund.
Where the money is invested
Sectors
- Securitized98.3%
- Corporate0.6%
Countries
- Other100.0%
How to invest in NCLO from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search NCLO and buy
Find the fund by its ticker, NCLO, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in NCLO from India
What NCLO holds
NCLO provides USD-denominated CLO exposure, seeking total returns primarily through current income. The fund focuses on debt tranches rated AA+ to BBB- or equivalent.
Hold a dollar asset
NCLO is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one NCLO unit. There is no minimum trade size.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy NCLO from India?
Yes. Indian residents can buy Nushares ETF Trust - Nuveen AA-BBB CLO ETF (NCLO) through Paasa. It is listed on NYSE Arca and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does NCLO invest in?
Nushares ETF Trust - Nuveen AA-BBB CLO ETF holds 107 securities. Its largest holdings are NEUB 2019- VRN 07/20/2039 (3.1%), AIMCO 2015 VRN 10/17/2038 (2.5%) and OAKC 2021- VRN 07/18/2038 (2.2%). Securitized is its largest sector at 98.3%. It is a distributing fund domiciled in the US.
What is the expense ratio of NCLO?
Nushares ETF Trust - Nuveen AA-BBB CLO ETF has an expense ratio of 0.26% a year, taken from the fund's assets rather than billed to you. The fund manages about $163.0M.
How are NCLO dividends taxed in India?
Nushares ETF Trust - Nuveen AA-BBB CLO ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell NCLO?
The US does not levy capital gains tax on shares for Indian residents. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Can I buy a fraction of one NCLO unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $25.13, and there is no minimum trade size.
What happens to my NCLO units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.