Nuveen ESG International Developed Markets Equity ETF
ALTAR
Score™		 7.1% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 19.2x P/Sales
ratio		 1.1x
P/BV
ratio		 1.4x Div.
yield		 3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The NuShares ESG International Developed Markets Equity ETF tracks an index of large- and midcap developed market stocks that score highly on environmental, social, and governance criteria. The index is optimized for marketlike risk and return characteris

FUND BASICS
Category International Equities
Fund Sponsor Nuveen
Website www.nuveen.com
Inception date Jun 07, 2017
Assets (mns) $48
Currency USD
Expense ratio 40 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 284
Wgt avg mkt cap (mns) $57,848
Large cap (>$10bn) 83.9%
Mid cap ($2-10bn) 15.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NESTLE SA-REG 3.9 %
SAP AG 2.3 %
ASTRAZENECA PLC 2.1 %
SONY CORP 2.0 %
SIEMENS AG-REG 2.0 %
L'OREAL 2.0 %
ROCHE HOLDING AG-GENUSSCHEIN 1.9 %
ASML HOLDING NV 1.7 %
DONG ENERGY A/S 1.7 %
NTT DOCOMO, INC. 1.7 %
Total 21.2 %

TOP COUNTRY EXPOSURE
JAPAN 26.4 %
BRITAIN 13.9 %
SWITZERLAND 10.7 %
FRANCE 10.1 %
GERMANY 8.4 %
AUSTRALIA 6.5 %
NETHERLANDS 3.9 %
HONG KONG 3.1 %
DENMARK 2.8 %
SPAIN 2.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.2% -0.1% -- -- -0.3%

Market Correlations
versus... Beta R-squared
S&P500 0.84 85%
MSCI EAFE 0.98 98%
MSCI Emg. Mkts. 0.71 79%

Technical Indicators
Recent close $23.82
30d moving avg. $22.17
Annualized volatility 15.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 21
Turnover 1.1%
Bid/Ask (% of price) 0.50%
ADV underlying (mns) $23,980

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Nuveen ESG International Developed Markets Equity ETF ETF based on the alternatives' overlap in portfolio holdings with NUDM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: NUDM Expense: 40 bp ALTAR Score™: 7.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH NUDM
Ticker Fund
Name		 Overlap1
vs NUDM
(%)		 Expense
ratio
(bp)		 Savings
vs NUDM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs NUDM
(%)
ESGD iShares MSCI EAFE ESG Optimized ETF 37.8 20 20 7.4 +0.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 35.4 14 26 7.2 +0.1
IQSI IQ Candriam ESG International Equity ETF 32.8 15 25 7.5 +0.5
EFG iShares MSCI EAFE Growth ETF 31.6 40 0 4.8 -2.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 30.7 20 20 7.5 +0.4
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 30.4 48 -8 0.0 -7.1
EFA iShares MSCI EAFE ETF 28.9 32 8 7.4 +0.3
IEV iShares Europe ETF 28.9 59 -19 7.1 +0.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 28.7 45 -5 6.9 -0.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 28.6 35 5 7.2 +0.1
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 28.3 30 10 7.1 0.0
FLEE Franklin FTSE Europe ETF 28.0 9 31 7.2 +0.2
FLEH Franklin FTSE Europe Hedged ETF 27.8 9 31 7.3 +0.3
QEFA SPDR MSCI EAFE Quality Mix ETF 27.3 30 10 6.9 -0.1
HFXI IQ 50 Percent Hedged FTSE International ETF 27.3 20 20 7.8 +0.7
BBEU JPMorgan BetaBuilders Europe ETF 27.0 9 31 7.6 +0.5
DOL WisdomTree International LargeCap Dividend Fund 27.0 48 -8 8.8 +1.7
IEUR iShares Core MSCI Europe ETF 26.3 9 31 7.6 +0.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 26.0 7 33 7.8 +0.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 25.9 25 15 6.9 -0.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 25.7 16 24 7.3 +0.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 25.7 30 10 5.0 -2.1
FEU SPDR Portfolio Europe ETF 25.5 9 31 7.6 +0.5
IEFA iShares Core MSCI EAFE ETF 25.2 7 33 7.5 +0.4
VGK Vanguard FTSE Europe ETF 25.0 8 32 7.6 +0.5
IQLT iShares Edge MSCI Intl Quality Factor ETF 24.4 30 10 6.4 -0.7
SCHF Schwab International Equity ETF 24.3 6 34 7.6 +0.5
JHMD John Hancock Multifactor Developed International ETF 23.9 45 -5 7.6 +0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 22.7 25 15 7.0 -0.1
SPDW SPDR Portfolio Developed World ex-US ETF 22.6 4 36 7.4 +0.4
DWM WisdomTree International Equity Fund 22.5 48 -8 8.5 +1.4
IDEV iShares Core MSCI International Developed Markets ETF 22.5 5 35 7.5 +0.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 22.3 35 5 8.8 +1.7
FIVA Fidelity International Value Factor ETF 21.6 39 1 10.5 +3.5
VEA Vanguard FTSE Developed Markets ETF 21.5 5 35 7.6 +0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 21.0 45 -5 9.2 +2.2
CWI SPDR MSCI ACWI ex-US ETF 20.9 30 10 7.9 +0.8
FNDF Schwab Fundamental International Large Co. Index ETF 20.9 25 15 9.0 +1.9
EZU iShares MSCI Eurozone ETF 20.8 49 -9 7.1 +0.0
RFDI First Trust Riverfront Dynamic Developed International ETF 20.7 83 -43 6.5 -0.6
PDEV Principal International Multi-Factor Core Index ETF 20.7 25 15 8.1 +1.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 20.5 39 1 6.9 -0.2
OEUR O'shares FTSE Europe Quality Dividend ETF 20.5 48 -8 6.7 -0.3
IDY Pacific Global International Equity Income ETF 20.3 39 1 8.3 +1.2
EURZ Xtrackers Eurozone Equity ETF 20.2 9 31 7.4 +0.3
ACWX iShares MSCI ACWI ex U.S. ETF 19.9 32 8 7.7 +0.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 19.6 40 0 7.6 +0.5
EFAV iShares Edge MSCI Min Vol EAFE ETF 19.5 20 20 6.0 -1.1
IDMO Invesco S&P International Developed Momentum ETF 19.5 25 15 4.7 -2.3
JPXN iShares JPX-Nikkei 400 ETF 19.4 48 -8 7.5 +0.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 19.4 45 -5 7.0 -0.0
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 19.3 9 31 7.9 +0.9
EWJ iShares MSCI Japan ETF 19.2 49 -9 7.4 +0.3
EUMV iShares Edge MSCI Min Vol Europe ETF 19.2 25 15 5.6 -1.5
VSGX Vanguard ESG International Stock ETF 19.2 17 23 7.6 +0.5
DBJP Xtrackers MSCI Japan Hedged Equity ETF 19.0 45 -5 7.5 +0.4
QJPN SPDR MSCI Japan StrategicFactors ETF 18.7 14 26 8.0 +0.9
RFEU First Trust Riverfront Dynamic Europe ETF 18.5 83 -43 5.1 -2.0
IDHQ Invesco S&P International Developed High Quality ETF 18.5 29 11 5.5 -1.6
VEU Vanguard FTSE All-World ex-US Index Fund 18.4 8 32 8.0 +0.9
RBIN Nationwide Risk-Based International Equity ETF 18.3 42 -2 6.5 -0.5
IQDG WisdomTree International Quality Dividend Growth Fund 18.3 38 2 6.5 -0.5
TPIF Timothy Plan International ETF 18.3 62 -22 7.2 +0.1
BBJP JPMorgan BetaBuilders Japan ETF 18.2 19 21 7.7 +0.6
IQIN IQ 500 International ETF 18.2 25 15 9.3 +2.2
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 18.2 30 10 7.6 +0.6
EFV iShares MSCI EAFE Value ETF 18.2 39 1 10.4 +3.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 18.2 58 -18 6.4 -0.7
IGRO iShares International Dividend Growth ETF 18.1 22 18 8.3 +1.2
FLJP Franklin FTSE Japan ETF 18.1 9 31 7.8 +0.8
FLJH Franklin FTSE Japan Hedged ETF 17.9 9 31 7.8 +0.8
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 17.9 25 15 7.6 +0.5
CIL VictoryShares International Volatility Weighted Index ETF 17.8 45 -5 6.9 -0.2
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 17.7 83 -43 7.3 +0.2
IXUS ishares Core MSCI Total International Stock ETF 17.6 9 31 7.8 +0.7
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 17.4 80 -40 6.1 -1.0
IPAC iShares Core MSCI Pacific ETF 17.4 9 31 7.6 +0.5
FDEV Fidelity Targeted International Factor ETF 17.3 39 1 6.7 -0.4
SCID Global X Scientific Beta Europe ETF 17.3 38 2 7.2 +0.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 17.1 58 -18 6.3 -0.8
PQIN PGIM QMA Strategic Alpha International Equity ETF 16.9 29 11 8.3 +1.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 16.9 35 5 8.8 +1.7
VXUS Vanguard Total International Stock Index Fund 16.9 8 32 7.9 +0.8
DTH WisdomTree DEFA Equity Income Fund 16.9 58 -18 9.9 +2.9
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 16.8 61 -21 5.1 -2.0
ISDX Invesco Strategic Developed ex-US ETF 16.8 23 17 7.7 +0.6
VIGI Vanguard International Dividend Appreciation ETF 16.6 25 15 6.1 -1.0
ISZE iShares Edge MSCI Intl Size Factor ETF 16.4 30 10 7.2 +0.1
JPEU JPMorgan Diversified Return Europe Equity ETF 16.2 37 3 7.0 -0.0
QINT American Century Quality Diversified International ETF 16.2 39 1 6.1 -1.0
VPL Vanguard FTSE Pacific ETF 15.9 8 32 8.0 +0.9
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 15.8 32 8 6.6 -0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 15.7 39 1 9.4 +2.3
HEDJ WisdomTree Europe Hedged Equity Fund 15.3 58 -18 7.3 +0.2
FEZ SPDR EURO STOXX 50 ETF 15.3 29 11 7.6 +0.5
DXJ WisdomTree Japan Hedged Equity Fund 14.7 48 -8 8.5 +1.4
DWMF WisdomTree International Multifactor Fund 14.7 38 2 6.9 -0.2
VYMI Vanguard International High Dividend Yield ETF 14.6 32 8 10.6 +3.5
IQDE FlexShares International Quality Dividend Defensive Index Fd 14.5 47 -7 13.1 +6.0

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Nuveen ESG International Developed Markets Equity ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.3 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.58 CATEGORY
AVERAGE		 1.59
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.