Nuveen ESG International Developed Markets Equity ETF
ALTAR
Score™
5.8% info Recommen-
dation
UNDERWEIGHT
2021E    2022E
P/E
ratio
17.9x P/Sales
ratio
1.5x
P/BV
ratio
1.6x Div.
yield
2.8%


  • 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) $89
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 276
Wgt avg mkt cap (mns) $61,560
Large cap (>$10bn) 89.7%
Mid cap ($2-10bn) 9.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NESTLE SA-REG 3.0 %
ASML HOLDING NV 2.3 %
SONY CORP 2.2 %
SIEMENS AG-REG 2.1 %
HONG KONG EXCHANGES & CLEAR 1.9 %
L'OREAL 1.7 %
SUMITOMO MITSUI FINANCIAL GR 1.6 %
SANDVIK AB 1.6 %
PANASONIC CORP 1.5 %
INTESA SANPAOLO S.P.A. 1.5 %
Total 19.6 %

TOP COUNTRY EXPOSURE
JAPAN 25.4 %
BRITAIN 13.7 %
GERMANY 9.9 %
SWITZERLAND 9.6 %
FRANCE 7.8 %
AUSTRALIA 6.5 %
NETHERLANDS 4.6 %
HONG KONG 3.6 %
SWEDEN 3.2 %
ITALY 2.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
1.7% 24.5% -- -- 6.8%

Market Correlations
versus... Beta R-squared
S&P500 0.88 81%
MSCI EAFE 0.97 97%
MSCI Emg. Mkts. 0.74 69%

Technical Indicators
Recent close $29.75
30d moving avg. $30.18
Annualized volatility 18.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 19
Turnover 0.6%
Bid/Ask (% of price) 0.59%
ADV underlying (mns) $21,878

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 5.8%


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
(%)
DFAI Dimensional International Core Equity Market ETF 61.9 18 22 6.3 +0.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 39.2 14 26 6.0 +0.3
ESGD iShares MSCI EAFE ESG Optimized ETF 35.7 20 20 6.2 +0.4
RESD WisdomTree International ESG Fund 33.2 30 10 6.5 +0.7
IQSI IQ Candriam ESG International Equity ETF 32.5 15 25 6.3 +0.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 32.3 20 20 6.3 +0.5
DMXF iShares ESG Advanced MSCI EAFE ETF 32.0 12 28 5.9 +0.2
EFG iShares MSCI EAFE Growth ETF 31.3 40 0 4.0 -1.8
IEV iShares Europe ETF 31.3 59 -19 6.1 +0.4
BBEU JPMorgan BetaBuilders Europe ETF 31.0 9 31 6.7 +0.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 30.9 45 -5 6.1 +0.3
DOL WisdomTree International LargeCap Dividend Fund 30.5 48 -8 7.2 +1.4
EFA iShares MSCI EAFE ETF 30.1 32 8 6.2 +0.5
FLEE Franklin FTSE Europe ETF 30.1 9 31 6.5 +0.7
FLEH Franklin FTSE Europe Hedged ETF 30.0 9 31 6.5 +0.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 29.4 35 5 6.1 +0.4
GSID Goldman Sachs MarketBeta International Equity ETF 28.5 20 20 6.3 +0.5
IEUR iShares Core MSCI Europe ETF 28.2 9 31 6.5 +0.7
VGK Vanguard FTSE Europe ETF 27.8 8 32 6.6 +0.8
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 27.7 35 5 6.0 +0.3
HFXI IQ 50 Percent Hedged FTSE International ETF 27.7 20 20 6.5 +0.7
QEFA SPDR MSCI EAFE Quality Mix ETF 27.7 30 10 6.1 +0.3
SPEU SPDR Portfolio Europe ETF 27.6 9 31 6.6 +0.8
BKIE BNY Mellon International Equity ETF 27.4 4 36 6.6 +0.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 27.2 25 15 6.1 +0.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 26.7 7 33 6.5 +0.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 26.5 16 24 5.9 +0.2
DWM WisdomTree International Equity Fund 26.3 48 -8 7.2 +1.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 26.3 40 0 7.3 +1.5
IEFA iShares Core MSCI EAFE ETF 25.9 7 33 6.4 +0.7
IQLT iShares Edge MSCI Intl Quality Factor ETF 25.6 30 10 5.4 -0.3
SCHF Schwab International Equity ETF 24.9 6 34 6.5 +0.8
JHMD John Hancock Multifactor Developed International ETF 24.6 39 1 6.4 +0.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 24.4 30 10 3.9 -1.9
VSGX Vanguard ESG International Stock ETF 23.9 17 23 6.3 +0.6
PDEV Principal International Multi-Factor Core Index ETF 23.5 25 15 6.9 +1.2
IDEV iShares Core MSCI International Developed Markets ETF 23.3 5 35 6.4 +0.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 23.2 58 -18 6.6 +0.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 23.2 25 15 6.1 +0.4
EZU iShares MSCI Eurozone ETF 23.0 51 -11 5.9 +0.2
OEUR O'shares FTSE Europe Quality Dividend ETF 22.8 48 -8 5.2 -0.5
SPDW SPDR Portfolio Developed World ex-US ETF 22.7 4 36 6.2 +0.4
EURZ Xtrackers Eurozone Equity ETF 22.7 9 31 6.4 +0.6
VEA Vanguard FTSE Developed Markets ETF 22.2 5 35 6.5 +0.7
RBIN Nationwide Risk-Based International Equity ETF 21.7 42 -2 5.9 +0.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 21.4 45 -5 6.0 +0.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 21.0 45 -5 7.5 +1.7
CIL VictoryShares International Volatility Weighted Index ETF 20.8 45 -5 6.3 +0.6
EFV iShares MSCI EAFE Value ETF 20.8 39 1 8.2 +2.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 20.7 39 1 5.6 -0.2
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 20.7 45 -5 6.4 +0.6
CWI SPDR MSCI ACWI ex-US ETF 20.7 30 10 6.2 +0.4
RFEU First Trust Riverfront Dynamic Europe ETF 20.1 83 -43 5.3 -0.5
FIDI Fidelity International High Dividend ETF 19.8 39 1 8.5 +2.7
ACWX iShares MSCI ACWI ex U.S. ETF 19.5 32 8 6.3 +0.6
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 19.3 61 -21 4.2 -1.6
FNDF Schwab Fundamental International Large Co. Index ETF 19.2 25 15 7.6 +1.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 19.2 40 0 6.1 +0.4
IDMO Invesco S&P International Developed Momentum ETF 19.1 26 14 3.7 -2.1
IQDG WisdomTree International Quality Dividend Growth Fund 18.8 42 -2 6.1 +0.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 18.8 58 -18 5.9 +0.2
VEU Vanguard FTSE All-World ex-US Index Fund 18.8 8 32 6.6 +0.9
EFAV iShares Edge MSCI Min Vol EAFE ETF 18.7 20 20 5.1 -0.6
RFDI First Trust Riverfront Dynamic Developed International ETF 18.6 83 -43 5.4 -0.4
FIVA Fidelity International Value Factor ETF 18.4 39 1 8.6 +2.8
TPIF Timothy Plan International ETF 18.3 62 -22 6.0 +0.2
PQIN PGIM QMA Strategic Alpha International Equity ETF 17.9 29 11 7.1 +1.3
IQIN IQ 500 International ETF 17.9 25 15 7.4 +1.6
IPAC iShares Core MSCI Pacific ETF 17.8 9 31 6.2 +0.4
EWJ iShares MSCI Japan ETF 17.7 51 -11 6.0 +0.2
ZJPN SPDR Solactive Japan ETF 17.6 14 26 6.5 +0.7
ISZE iShares Edge MSCI Intl Size Factor ETF 17.4 30 10 6.1 +0.4
JPXN iShares JPX-Nikkei 400 ETF 17.4 48 -8 6.1 +0.3
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 17.4 9 31 6.5 +0.7
DBJP Xtrackers MSCI Japan Hedged Equity ETF 17.3 45 -5 6.0 +0.3
IDHQ Invesco S&P International Developed Quality ETF 17.3 29 11 5.2 -0.6
BBJP JPMorgan BetaBuilders Japan ETF 17.3 19 21 6.3 +0.5
IXUS ishares Core MSCI Total International Stock ETF 17.0 9 31 6.4 +0.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 16.8 32 8 6.0 +0.2
VIGI Vanguard International Dividend Appreciation ETF 16.7 20 20 4.9 -0.9
FLJP Franklin FTSE Japan ETF 16.7 9 31 6.5 +0.7
VWID Virtus WMC International Dividend ETF 16.5 49 -9 7.5 +1.7
FLJH Franklin FTSE Japan Hedged ETF 16.5 9 31 6.5 +0.7
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 16.5 25 15 6.3 +0.5
IGRO iShares International Dividend Growth ETF 16.4 15 25 7.1 +1.4
DOO WisdomTree International Dividend ex-Financials Fund 16.3 58 -18 7.6 +1.9
FDEV Fidelity Targeted International Factor ETF 16.0 39 1 5.9 +0.2
JIG JPMorgan International Growth ETF 16.0 55 -15 2.6 -3.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 15.9 47 -7 8.6 +2.8
VPL Vanguard FTSE Pacific ETF 15.8 8 32 6.4 +0.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 15.8 39 1 6.8 +1.1
DTH WisdomTree International High Dividend Fund 15.6 58 -18 8.5 +2.8
FEZ SPDR EURO STOXX 50 ETF 15.5 29 11 6.1 +0.3
AVDE Avantis International Equity ETF 15.2 23 17 6.8 +1.0
ISDX Invesco RAFI Strategic Developed ex-US ETF 15.1 23 17 6.3 +0.5
JPIN JPMorgan Diversified Return International Equity ETF 15.1 37 3 7.0 +1.3
DXJ WisdomTree Japan Hedged Equity Fund 14.7 48 -8 7.4 +1.6

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 10.0 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.54
 
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.