Nuveen ESG Emerging Markets Equity ETF
ALTAR
Score™
6.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
18.2x P/Sales
ratio
1.2x
P/BV
ratio
1.8x Div.
yield
2.4%


  • 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 06, 2017
Assets (mns) $48
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 421
Wgt avg mkt cap (mns) $178,996
Large cap (>$10bn) 73.8%
Mid cap ($2-10bn) 22.7%
Small cap (<$2bn) 1.9%
Developed mkts 10.7%
Emerging mkts 86.2%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 9.9 %
TENCENT HOLDINGS LTD 7.4 %
TAIWAN SEMICONDUCTOR MANUFAC 7.0 %
MEITUAN DIANPING 3.1 %
CHINA CONSTRUCTION BANK-H 2.0 %
INFOSYS TECHNOLOGIES LTD 1.8 %
BYD CO LTD-H 1.6 %
NASPERS LTD-N SHS 1.6 %
PING AN INSURANCE GROUP CO-H 1.6 %
TATA CONSULTANCY SVS LTD 1.5 %
Total 37.7 %

TOP COUNTRY EXPOSURE
CHINA 37.8 %
TAIWAN 13.6 %
SOUTH KOREA 10.9 %
INDIA 8.6 %
BRAZIL 4.6 %
HONG KONG 3.8 %
SOUTH AFRICA 3.6 %
SAUDI ARABIA 3.1 %
MALAYSIA 1.8 %
RUSSIA 1.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
4.0% 16.2% -- -- 5.1%

Market Correlations
versus... Beta R-squared
S&P500 0.87 63%
MSCI EAFE 1.03 72%
MSCI Emg. Mkts. 0.93 94%

Technical Indicators
Recent close $29.79
30d moving avg. $29.02
Annualized volatility 19.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.4%
Bid/Ask (% of price) 0.48%
ADV underlying (mns) $24,743

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Nuveen ESG Emerging Markets Equity ETF 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™: 6.8%


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 ETF 52.1 20 25 6.7 -0.0
ESGE iShares ESG MSCI EM ETF 50.3 25 20 8.5 +1.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 43.8 30 15 7.6 +0.9
SCHE Schwab Emerging Markets Equity ETF 41.1 11 34 7.9 +1.2
EEM iShares MSCI Emerging Markets ETF 40.8 68 -23 7.4 +0.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 40.7 32 13 5.7 -1.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 40.2 65 -20 7.4 +0.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 40.1 36 9 7.3 +0.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 39.7 68 -23 7.0 +0.3
EEMA iShares MSCI Emerging Markets Asia ETF 39.6 50 -5 7.7 +0.9
DVEM WisdomTree Emerging Markets Dividend Fund 38.5 32 13 7.3 +0.5
PBEE Invesco PureBeta FTSE Emerging Markets ETF 37.7 15 30 8.4 +1.7
FLAX Franklin FTSE Asia Ex Japan ETF 37.5 19 26 7.7 +0.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 36.9 95 -50 8.1 +1.4
IEMG iShares Core MSCI Emerging Markets ETF 36.9 13 32 7.9 +1.1
BKF iShares MSCI BRIC ETF 36.4 69 -24 7.4 +0.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 35.5 45 0 7.5 +0.8
EEMO Invesco S&P Emerging Markets Momentum ETF 35.4 29 16 4.0 -2.7
VWO Vanguard FTSE Emerging Markets ETF 35.3 10 35 8.0 +1.3
SPEM SPDR Portfolio Emerging Markets ETF 34.1 11 34 7.7 +1.0
JHEM John Hancock Multifactor Emerging Markets ETF 33.5 49 -4 8.7 +2.0
MCHI iShares MSCI China ETF 31.5 59 -14 7.6 +0.9
GMF SPDR S&P Emerging Asia Pacific ETF 31.3 49 -4 7.1 +0.3
GXC SPDR S&P China ETF 31.0 59 -14 7.7 +1.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 31.0 40 5 7.3 +0.5
FLCH Franklin FTSE China ETF 30.8 19 26 8.2 +1.4
KALL KraneShares FTSE Emerging Markets Plus ETF 30.7 49 -4 8.0 +1.2
BKEM BNY Mellon Emerging Markets Equity ETF 29.0 11 34 8.3 +1.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 28.6 32 13 11.4 +4.7
CHIL Global X MSCI China Large-Cap 50 ETF 28.3 29 16 7.5 +0.8
CN Xtrackers MSCI All China Equity ETF 27.7 50 -5 8.0 +1.3
PXH Invesco FTSE RAFI Emerging Markets ETF 27.2 50 -5 13.3 +6.5
AIA iShares Asia 50 ETF 25.8 50 -5 7.8 +1.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 25.5 30 15 8.8 +2.0
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 25.0 45 0 9.1 +2.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 24.7 49 -4 7.7 +1.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 24.1 49 -4 8.0 +1.2
FDEM Fidelity Targeted Emerging Markets Factor ETF 23.6 45 0 8.5 +1.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 23.5 39 6 13.4 +6.6
FDNI First Trust Dow Jones International Internet ETF 23.1 65 -20 2.1 -4.7
EMMF WisdomTree Emerging Markets Multifactor Fund 22.9 48 -3 9.7 +2.9
EMXC iShares MSCI Emerging Markets ex China ETF 22.5 25 20 8.1 +1.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 22.3 86 -41 2.1 -4.6
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 21.9 16 29 7.0 +0.2
ECON Columbia Emerging Markets Consumer ETF 21.7 59 -14 4.9 -1.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 21.4 32 13 9.0 +2.3
ISEM Invesco Strategic Emerging Markets ETF 21.2 35 10 10.7 +4.0
AVEM Avantis Emerging Markets Equity ETF 20.9 33 12 8.8 +2.1
KWEB KraneShares CSI China Internet ETF 20.7 76 -31 2.0 -4.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 19.6 59 -14 11.1 +4.3
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 19.0 25 20 8.0 +1.2
TTTN UP Fintech China-U.S. Internet Titans ETF 18.8 59 -14 4.3 -2.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 18.4 44 1 9.2 +2.4
FXI iShares China Large-Cap ETF 17.6 74 -29 13.1 +6.4
RNEM Emerging Markets Equity Select ETF 17.5 75 -30 11.7 +5.0
VSGX Vanguard ESG International Stock ETF 16.0 17 28 7.1 +0.3
XCEM Columbia EM Core ex-China ETF 15.6 16 29 7.1 +0.4
CHIQ Global X China Consumer ETF 15.2 65 -20 6.8 +0.1
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 14.0 45 0 14.5 +7.7
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 13.8 50 -5 10.4 +3.6
EWT iShares MSCI Taiwan ETF 13.6 59 -14 6.1 -0.7
FLTW Franklin FTSE Taiwan ETF 13.6 19 26 6.2 -0.6
PIE Invesco DWA Emerging Markets Momentum ETF 13.3 90 -45 5.0 -1.8
WUGI Esoterica NextG Economy ETF 13.3 75 -30 1.5 -5.3
ROAM Hartford Multifactor Emerging Markets ETF 13.2 44 1 13.1 +6.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 13.2 40 5 7.1 +0.4
ACWX iShares MSCI ACWI ex U.S. ETF 12.6 32 13 7.3 +0.6
DINT Davis Select International ETF 12.5 68 -23 5.7 -1.0
OGIG O'Shares Global Internet Giants ETF 12.5 48 -3 0.5 -6.2
PEK VanEck Vectors ChinaAMC CSI 300 ETF 12.4 60 -15 4.0 -2.8
BICK First Trust BICK Index Fund 12.4 64 -19 4.7 -2.1
IXUS ishares Core MSCI Total International Stock ETF 11.9 9 36 7.4 +0.6
VYMI Vanguard International High Dividend Yield ETF 11.7 27 18 10.2 +3.4
VIGI Vanguard International Dividend Appreciation ETF 11.4 20 25 5.6 -1.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 11.3 29 16 10.1 +3.3
VEU Vanguard FTSE All-World ex-US Index Fund 11.3 8 37 7.6 +0.8
DWLD Davis Select Worldwide ETF 11.3 63 -18 6.4 -0.4
CQQQ Invesco China Technology ETF 11.0 70 -25 6.1 -0.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 10.8 61 -16 9.0 +2.2
VXUS Vanguard Total International Stock Index Fund 10.8 8 37 7.6 +0.8
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 10.6 18 27 4.9 -1.9
FLKR Franklin FTSE South Korea ETF 10.4 9 36 8.8 +2.0
EWY iShares MSCI South Korea ETF 10.2 59 -14 8.4 +1.6
CWI SPDR MSCI ACWI ex-US ETF 9.7 30 15 7.2 +0.5
FEM First Trust Emerging Markets AlphaDEX Fund 9.2 80 -35 13.9 +7.1
GBUY Goldman Sachs Motif New Age Consumer ETF 9.1 50 -5 1.7 -5.0
AIQ Global X Future Analytics Tech ETF 9.1 68 -23 4.0 -2.7
FLIN Franklin FTSE India ETF 8.5 19 26 5.7 -1.0
INDA iShares MSCI India ETF 8.5 69 -24 5.4 -1.4
BUYZ Franklin Disruptive Commerce ETF 8.5 50 -5 -0.2 -6.9
JOYY Infusive Compounding Global Equities ETF 8.5 50 -5 3.6 -3.1
PNQI Invesco NASDAQ Internet ETF 8.5 60 -15 0.9 -5.8
SOCL Global X Social Media ETF 8.5 65 -20 1.6 -5.1
PGJ Invesco Golden Dragon China ETF 8.4 70 -25 3.4 -3.4
IXP iShares Global Comm Services ETF 8.3 46 -1 5.7 -1.1
FNI First Trust Chindia ETF 8.3 60 -15 2.5 -4.3
DEM WisdomTree Emerging Markets High Dividend Fund 8.2 63 -18 15.0 +8.3
NFTY First Trust India NIFTY 50 Equal Weight ETF 7.8 80 -35 8.1 +1.4
INDY iShares India 50 ETF 7.8 93 -48 5.4 -1.3

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

  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 Emerging 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 12.4 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.38 CATEGORY
AVERAGE
1.43
 
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.