NuShares ESG Emerging Markets Equity
ALTAR
Score™
8.6% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
14.3x P/Sales
ratio
1.2x
P/BV
ratio
1.5x Div.
yield
2.8%


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

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Nuveen
Website www.nuveen.com
Inception date Jun 07, 2017
Assets (mns) $57
Currency USD
Expense ratio 45 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 412
Wgt avg mkt cap (mns) $80,740
Large cap (>$10bn) 69.1%
Mid cap ($2-10bn) 29.7%
Small cap (<$2bn) 1.3%
Developed mkts 9.3%
Emerging mkts 88.1%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 5.9 %
ALIBABA GROUP HOLDING LTD. SPONSOR 5.7 %
TENCENT HOLDINGS LTD 5.5 %
ITAU UNIBANCO HOLDING SA 1.9 %
NASPERS LTD-N SHS 1.7 %
CHINA MERCHANTS BANK - H 1.7 %
TATA CONSULTANCY SVS LTD 1.6 %
AXIS BANK LIMITED 1.6 %
HINDUSTAN UNILEVER LIMITED 1.6 %
BANCO BRADESCO SA-PREF 1.6 %
Total 28.8 %

TOP COUNTRY EXPOSURE
CHINA 27.2 %
TAIWAN 13.4 %
SOUTH KOREA 10.5 %
INDIA 8.9 %
BRAZIL 7.6 %
HONG KONG 6.0 %
SOUTH AFRICA 4.5 %
MEXICO 2.8 %
THAILAND 2.8 %
SAUDI ARABIA 2.5 %

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.
7.7% 9.7% -- -- 2.0%

Market Correlations
versus... Beta R-squared
S&P500 0.92 60%
MSCI EAFE 1.12 71%
MSCI Emg. Mkts. 1.03 97%

Technical Indicators
Recent close $25.87
30d moving avg. $25.67
Annualized volatility 15.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.2%
Bid/Ask (% of price) 0.68%
ADV underlying (mns) $11,261

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the NuShares ESG Emerging Markets Equity ETF based on the alternatives' overlap in portfolio holdings with NUEM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: NUEM Expense: 45 bp ALTAR Score™: 8.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH NUEM
Ticker Fund
Name
Overlap1
vs NUEM
(%)
Expense
ratio
(bp)
Savings
vs NUEM
(bp)
ALTAR
Score™
(%)
ALTAR
vs NUEM
(%)
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity 45.0 20 25 8.3 -0.2
ESGE iShares MSCI EM ESG Optimized 42.8 25 20 9.4 +0.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free 37.2 30 15 8.7 +0.1
EEM iShares MSCI Emerging Markets 33.0 67 -22 8.7 +0.1
DBEM Xtrackers MSCI Emg. Mkts. Hedged 31.9 65 -20 8.6 0.0
SCHE Schwab Emerging Markets Equity 31.9 13 32 8.8 +0.2
EEMA iShares MSCI Emg Mkts Asia 31.8 50 -5 8.8 +0.2
XSOE WisdomTree Emg Mkt ex-SOE 31.4 32 13 7.0 -1.5
PBEE Invesco PureBeta FTSE Emerging Markets 29.8 14 31 9.4 +0.8
IEMG iShares Core MSCI Emerging Markets 29.8 14 31 8.7 +0.1
GEM Goldman Sachs ActiveBeta Emg Mkts Equity 29.4 45 0 9.3 +0.7
AAXJ iShares MSCI Asia ex-Japan 28.8 67 -22 8.3 -0.2
BKF iShares MSCI BRIC 27.9 67 -22 8.9 +0.3
FLAX Franklin FTSE Asia Ex Japan 27.8 19 26 8.8 +0.2
JHEM John Hancock Multifactor Emerging Markets 27.5 55 -10 8.9 +0.3
VWO Vanguard Emerging Markets 27.4 12 33 8.8 +0.2
SPEM SPDR Portfolio Emerging Markets 26.4 11 34 8.6 0.0
KEMX KraneShares MSCI Emerging Markets EX China Index 25.9 49 -4 8.8 +0.2
GMF SPDR S&P Emerging Asia Pacific 24.0 49 -4 8.2 -0.3
RFEM First Trust Riverfront Dynamic Emerging Markets 23.7 95 -50 10.8 +2.3

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

  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 Emerging 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 13.0 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 CATEGORY
AVERAGE
1.49
 
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.