NuShares ESG Int'l Developed Markets Equity
ALTAR
Score™
6.9% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
15.3x P/Sales
ratio
1.1x
P/BV
ratio
1.6x Div.
yield
3.3%


  • 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) $67
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 334
Wgt avg mkt cap (mns) $56,756
Large cap (>$10bn) 84.7%
Mid cap ($2-10bn) 13.5%
Small cap (<$2bn) 0.6%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
NESTLE SA-REG 3.2 %
ROCHE HOLDING AG-GENUSSCHEIN 2.6 %
ASTRAZENECA PLC 2.0 %
SIEMENS AG-REG 2.0 %
SONY CORP 1.7 %
L'OREAL 1.7 %
SCHNEIDER ELECTRIC SA 1.7 %
HONDA MOTOR CO LTD 1.7 %
WESTPAC BANKING CORP 1.6 %
NTT DOCOMO, INC. 1.5 %
Total 19.8 %

TOP COUNTRY EXPOSURE
JAPAN 24.5 %
BRITAIN 17.1 %
FRANCE 9.8 %
SWITZERLAND 9.2 %
GERMANY 9.2 %
AUSTRALIA 6.5 %
NETHERLANDS 3.8 %
HONG KONG 3.5 %
SPAIN 2.8 %
SWEDEN 2.6 %

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.
20.0% 14.1% -- -- 4.0%

Market Correlations
versus... Beta R-squared
S&P500 0.86 81%
MSCI EAFE 1.05 97%
MSCI Emg. Mkts. 0.73 76%

Technical Indicators
Recent close $26.92
30d moving avg. $26.47
Annualized volatility 12.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 79

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.3%
Bid/Ask (% of price) 0.50%
ADV underlying (mns) $18,816

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the NuShares ESG Int'l Developed Markets Equity 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™: 6.9%


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 37.7 14 26 6.7 -0.2
ESGD iShares MSCI EAFE ESG Optimized 35.4 20 20 6.9 +0.0
EFG iShares MSCI EAFE Growth 30.8 40 0 5.1 -1.8
EFAX SPDR MSCI EAFE Fossil Fuel Free 29.2 20 20 7.2 +0.3
QEFA SPDR MSCI EAFE Quality Mix 28.5 30 10 6.6 -0.3
DBEU Xtrackers Europe Hedged 27.9 45 -5 6.5 -0.4
IEV iShares S&P Europe 350 27.8 59 -19 6.4 -0.5
EFA iShares MSCI EAFE 27.5 31 9 7.0 +0.1
FLEE Franklin FTSE Europe 27.4 9 31 6.9 +0.0
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE 27.4 30 10 6.7 -0.2
FLEH Franklin FTSE Europe Hedged 27.2 9 31 6.9 -0.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity 27.0 16 24 7.1 +0.3
DBEF Xtrackers MSCI EAFE Hedged 26.8 35 5 6.9 -0.0
BBEU JPMorgan BetaBuilders Europe 26.4 9 31 6.9 +0.0
GSEU Goldman Sachs ActiveBeta Europe Equity 26.1 25 15 6.5 -0.4
IEUR iShares Core MSCI Europe 25.6 9 31 6.9 +0.0
DOL WisdomTree Int'l Large Cap Dividend 25.5 48 -8 7.7 +0.8
HFXI IQ 50 Percent Hedged FTSE Int'l 25.4 20 20 7.3 +0.4
VGK Vanguard FTSE Europe 25.0 9 31 7.0 +0.1
FEU SPDR DJ Stoxx 50 25.0 9 31 6.9 -0.0

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
NuShares ESG Int'l Developed Markets Equity
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.1 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 6.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.65 CATEGORY
AVERAGE
1.63
 
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.