Nuveen ESG International Developed Markets Equity ETF
ALTAR
Score™		 6.2% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 26.1x P/Sales
ratio		 1.3x
P/BV
ratio		 1.6x Div.
yield		 2.5%


  • 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 06, 2017
Assets (mns) $76
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 328
Wgt avg mkt cap (mns) $54,734
Large cap (>$10bn) 83.0%
Mid cap ($2-10bn) 16.2%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NESTLE SA-REG 3.3 %
SONY CORP 2.0 %
L'OREAL 1.9 %
ASTRAZENECA PLC 1.9 %
ASML HOLDING NV 1.9 %
SIEMENS AG-REG 1.7 %
DONG ENERGY A/S 1.7 %
NESTE OIL OYJ 1.7 %
DAIICHI SANKYO CO LTD 1.7 %
NINTENDO CO LTD 1.6 %
Total 19.2 %

TOP COUNTRY EXPOSURE
JAPAN 24.9 %
BRITAIN 13.8 %
SWITZERLAND 10.2 %
GERMANY 9.3 %
FRANCE 8.9 %
AUSTRALIA 7.0 %
NETHERLANDS 4.0 %
HONG KONG 3.1 %
SWEDEN 2.9 %
DENMARK 2.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.1% -5.7% -- -- 1.1%

Market Correlations
versus... Beta R-squared
S&P500 0.81 82%
MSCI EAFE 0.96 96%
MSCI Emg. Mkts. 0.67 71%

Technical Indicators
Recent close $28.23
30d moving avg. $26.39
Annualized volatility 15.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 22
Turnover 0.8%
Bid/Ask (% of price) 0.56%
ADV underlying (mns) $17,895

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 6.2%


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
(%)
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 37.2 14 26 6.4 +0.2
ESGD iShares MSCI EAFE ESG Optimized ETF 36.0 20 20 6.4 +0.2
IQSI IQ Candriam ESG International Equity ETF 35.0 15 25 6.9 +0.7
RESD WisdomTree International ESG Fund 33.9 30 10 6.4 +0.2
DMXF iShares ESG Advanced MSCI EAFE ETF 32.0 12 28 6.4 +0.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 31.9 20 20 6.6 +0.4
EFG iShares MSCI EAFE Growth ETF 30.8 40 0 4.3 -1.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 30.3 35 5 6.4 +0.3
EFA iShares MSCI EAFE ETF 30.3 32 8 6.5 +0.4
IEV iShares Europe ETF 29.9 59 -19 6.4 +0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 29.8 45 -5 6.3 +0.1
BBEU JPMorgan BetaBuilders Europe ETF 29.4 9 31 6.9 +0.7
FLEH Franklin FTSE Europe Hedged ETF 29.2 9 31 6.7 +0.5
DOL WisdomTree International LargeCap Dividend Fund 29.0 48 -8 8.5 +2.3
FLEE Franklin FTSE Europe ETF 29.0 9 31 6.6 +0.4
GSID Goldman Sachs MarketBeta International Equity ETF 28.9 20 20 6.8 +0.6
HFXI IQ 50 Percent Hedged FTSE International ETF 28.4 20 20 6.9 +0.7
BKIE BNY Mellon International Equity ETF 27.6 4 36 6.8 +0.7
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 27.4 7 33 6.9 +0.7
IEUR iShares Core MSCI Europe ETF 27.4 9 31 6.8 +0.6
QEFA SPDR MSCI EAFE Quality Mix ETF 27.0 30 10 6.3 +0.1
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 26.9 35 5 6.3 +0.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 26.8 25 15 6.1 -0.1
FEU SPDR Portfolio Europe ETF 26.7 9 31 6.9 +0.7
VGK Vanguard FTSE Europe ETF 26.7 8 32 6.9 +0.8
IEFA iShares Core MSCI EAFE ETF 26.3 7 33 6.7 +0.6
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 25.9 16 24 6.4 +0.2
IMTM iShares Edge MSCI Intl Momentum Factor ETF 25.7 30 10 4.3 -1.9
SCHF Schwab International Equity ETF 25.6 6 34 6.8 +0.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 25.3 35 5 8.3 +2.1
DWM WisdomTree International Equity Fund 25.2 48 -8 8.1 +1.9
JHMD John Hancock Multifactor Developed International ETF 24.6 39 1 6.8 +0.6
IDEV iShares Core MSCI International Developed Markets ETF 23.8 5 35 6.7 +0.5
IQLT iShares Edge MSCI Intl Quality Factor ETF 23.7 30 10 5.6 -0.6
SPDW SPDR Portfolio Developed World ex-US ETF 23.6 4 36 6.5 +0.4
FIVA Fidelity International Value Factor ETF 23.4 39 1 9.1 +2.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 23.3 25 15 6.3 +0.1
VSGX Vanguard ESG International Stock ETF 23.1 17 23 6.7 +0.5
IDHQ Invesco S&P International Developed Quality ETF 23.1 29 11 4.8 -1.4
VEA Vanguard FTSE Developed Markets ETF 22.9 5 35 6.9 +0.7
CIL VictoryShares International Volatility Weighted Index ETF 22.7 45 -5 6.5 +0.3
IDY Pacific Global International Equity Income ETF 22.6 39 1 8.7 +2.5
PDEV Principal International Multi-Factor Core Index ETF 22.4 25 15 7.3 +1.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 22.2 45 -5 8.0 +1.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 21.4 58 -18 5.8 -0.4
CWI SPDR MSCI ACWI ex-US ETF 21.0 30 10 6.7 +0.5
EZU iShares MSCI Eurozone ETF 21.0 49 -9 6.1 -0.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 21.0 39 1 6.1 -0.1
RBIN Nationwide Risk-Based International Equity ETF 20.8 42 -2 6.1 -0.1
FNDF Schwab Fundamental International Large Co. Index ETF 20.7 25 15 8.0 +1.9
EURZ Xtrackers Eurozone Equity ETF 20.5 9 31 6.5 +0.3
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 20.4 45 -5 6.5 +0.3
ACWX iShares MSCI ACWI ex U.S. ETF 20.3 32 8 6.7 +0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 20.3 40 0 6.6 +0.4
EFV iShares MSCI EAFE Value ETF 20.1 39 1 8.7 +2.5
RFDI First Trust Riverfront Dynamic Developed International ETF 20.0 83 -43 5.2 -1.0
OEUR O'shares FTSE Europe Quality Dividend ETF 19.8 48 -8 6.6 +0.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 19.5 45 -5 6.2 +0.0
RFEU First Trust Riverfront Dynamic Europe ETF 19.4 83 -43 5.6 -0.5
VEU Vanguard FTSE All-World ex-US Index Fund 19.2 8 32 7.0 +0.9
IQIN IQ 500 International ETF 19.1 25 15 7.8 +1.6
TPIF Timothy Plan International ETF 18.9 62 -22 6.1 -0.0
IDMO Invesco S&P International Developed Momentum ETF 18.5 26 14 3.9 -2.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 18.5 29 11 7.3 +1.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 18.4 32 8 5.8 -0.4
EFAV iShares Edge MSCI Min Vol EAFE ETF 18.3 20 20 5.1 -1.0
JPXN iShares JPX-Nikkei 400 ETF 18.3 48 -8 6.5 +0.3
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 18.2 9 31 6.9 +0.7
VGFO Virtus WMC Global Factor Opportunities ETF 18.2 49 -9 7.6 +1.4
ISZE iShares Edge MSCI Intl Size Factor ETF 18.2 30 10 6.6 +0.4
IXUS ishares Core MSCI Total International Stock ETF 18.0 9 31 6.9 +0.7
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 17.9 61 -21 4.9 -1.3
EWJ iShares MSCI Japan ETF 17.9 49 -9 6.4 +0.2
IPAC iShares Core MSCI Pacific ETF 17.8 9 31 6.6 +0.4
DBJP Xtrackers MSCI Japan Hedged Equity ETF 17.8 45 -5 6.5 +0.3
QJPN SPDR MSCI Japan StrategicFactors ETF 17.5 14 26 6.9 +0.7
BBJP JPMorgan BetaBuilders Japan ETF 17.4 19 21 6.7 +0.5
VIGI Vanguard International Dividend Appreciation ETF 17.2 20 20 5.2 -1.0
IGRO iShares International Dividend Growth ETF 17.0 22 18 7.7 +1.5
ISDX Invesco Strategic Developed ex-US ETF 16.8 23 17 6.6 +0.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 16.7 58 -18 6.0 -0.2
DOO WisdomTree International Dividend ex-Financials Fund 16.7 58 -18 8.5 +2.3
FLJH Franklin FTSE Japan Hedged ETF 16.7 9 31 6.9 +0.7
IQDG WisdomTree International Quality Dividend Growth Fund 16.6 42 -2 6.1 -0.1
FLJP Franklin FTSE Japan ETF 16.6 9 31 6.9 +0.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 16.3 39 1 7.4 +1.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 15.9 25 15 6.6 +0.4
AVDE Avantis International Equity ETF 15.8 23 17 7.1 +0.9
VXUS Vanguard Total International Stock Index Fund 15.7 8 32 7.0 +0.9
VPL Vanguard FTSE Pacific ETF 15.4 8 32 6.8 +0.7
UIVM VictoryShares USAA MSCI International Value Momentum ETF 15.2 35 5 8.2 +2.0
QINT American Century Quality Diversified International ETF 15.1 39 1 6.0 -0.2
IQDE FlexShares International Quality Dividend Defensive Index Fd 14.9 47 -7 8.4 +2.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 14.8 29 11 7.3 +1.2
JPIN JPMorgan Diversified Return International Equity ETF 14.7 37 3 7.3 +1.2
JIG JPMorgan International Growth ETF 14.6 55 -15 2.9 -3.3
FEZ SPDR EURO STOXX 50 ETF 14.6 29 11 6.3 +0.1
DXJ WisdomTree Japan Hedged Equity Fund 14.3 48 -8 7.4 +1.2

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 10.1 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 CATEGORY
AVERAGE		 1.55
 
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.