Nuveen ESG Emerging Markets Equity ETF
ALTAR
Score™
7.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
17.1x P/Sales
ratio
1.3x
P/BV
ratio
1.7x Div.
yield
2.3%


  • 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) $45
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 427
Wgt avg mkt cap (mns) $156,580
Large cap (>$10bn) 75.2%
Mid cap ($2-10bn) 21.8%
Small cap (<$2bn) 1.7%
Developed mkts 10.1%
Emerging mkts 87.2%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 8.6 %
TENCENT HOLDINGS LTD 7.3 %
TAIWAN SEMICONDUCTOR MANUFAC 7.2 %
MEITUAN DIANPING 3.4 %
LG CHEM LTD 2.2 %
CHINA CONSTRUCTION BANK-H 2.0 %
MEDIATEK INC 1.9 %
NASPERS LTD-N SHS 1.6 %
SAMSUNG SDI CO LTD 1.4 %
TATA CONSULTANCY SVS LTD 1.4 %
Total 37.0 %

TOP COUNTRY EXPOSURE
CHINA 36.9 %
TAIWAN 13.9 %
SOUTH KOREA 11.6 %
INDIA 7.6 %
BRAZIL 5.5 %
HONG KONG 4.4 %
SOUTH AFRICA 3.4 %
SAUDI ARABIA 2.6 %
RUSSIA 2.1 %
THAILAND 1.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.6% 8.6% -- -- 4.3%

Market Correlations
versus... Beta R-squared
S&P500 0.90 63%
MSCI EAFE 1.04 71%
MSCI Emg. Mkts. 0.93 94%

Technical Indicators
Recent close $28.03
30d moving avg. $27.35
Annualized volatility 19.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.3%
Bid/Ask (% of price) 0.64%
ADV underlying (mns) $31,634

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™: 7.0%


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 52.0 20 25 6.7 -0.3
ESGE iShares ESG MSCI EM ETF 47.6 25 20 8.5 +1.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 42.0 30 15 7.7 +0.7
EEMA iShares MSCI Emerging Markets Asia ETF 39.3 50 -5 7.4 +0.4
SCHE Schwab Emerging Markets Equity ETF 38.4 11 34 7.9 +0.9
EEM iShares MSCI Emerging Markets ETF 38.2 68 -23 7.3 +0.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 37.7 32 13 6.1 -0.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 37.3 36 9 8.0 +1.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 37.3 65 -20 7.3 +0.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 37.0 68 -23 7.0 -0.0
FLAX Franklin FTSE Asia Ex Japan ETF 35.8 19 26 7.6 +0.7
PBEE Invesco PureBeta FTSE Emerging Markets ETF 35.5 15 30 8.6 +1.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 34.6 45 0 7.8 +0.8
IEMG iShares Core MSCI Emerging Markets ETF 34.4 13 32 7.8 +0.8
DVEM WisdomTree Emerging Markets Dividend Fund 33.0 32 13 8.1 +1.2
VWO Vanguard FTSE Emerging Markets ETF 32.7 10 35 8.0 +1.0
BKF iShares MSCI BRIC ETF 32.5 69 -24 7.4 +0.4
JHEM John Hancock Multifactor Emerging Markets ETF 31.9 49 -4 8.3 +1.3
SPEM SPDR Portfolio Emerging Markets ETF 31.6 11 34 7.8 +0.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 31.4 95 -50 9.2 +2.2
MCHI iShares MSCI China ETF 28.9 59 -14 7.8 +0.8
BKEM BNY Mellon Emerging Markets Equity ETF 28.6 11 34 8.4 +1.4
GXC SPDR S&P China ETF 28.1 59 -14 8.0 +1.0
GMF SPDR S&P Emerging Asia Pacific ETF 28.1 49 -4 7.2 +0.3
FLCH Franklin FTSE China ETF 27.6 19 26 8.3 +1.3
AIA iShares Asia 50 ETF 27.2 50 -5 7.9 +1.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 26.5 40 5 7.2 +0.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 25.8 49 -4 7.6 +0.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 25.7 32 13 6.1 -0.9
KALL KraneShares FTSE Emerging Markets Plus ETF 25.6 49 -4 8.1 +1.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 24.9 49 -4 7.6 +0.7
CHIL Global X MSCI China Large-Cap 50 ETF 24.9 29 16 8.3 +1.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 24.5 30 15 8.6 +1.6
CN Xtrackers MSCI All China Equity ETF 24.5 50 -5 8.1 +1.2
PXH Invesco FTSE RAFI Emerging Markets ETF 24.3 50 -5 13.2 +6.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 23.5 45 0 8.8 +1.8
EMXC iShares MSCI Emerging Markets ex China ETF 23.5 25 20 7.9 +0.9
FDNI First Trust Dow Jones International Internet ETF 21.8 65 -20 2.2 -4.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 21.7 39 6 12.6 +5.7
EEMO Invesco S&P Emerging Markets Momentum ETF 21.2 29 16 6.4 -0.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 21.1 32 13 8.9 +1.9
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 20.9 16 29 6.8 -0.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 20.8 86 -41 2.1 -4.8
AVEM Avantis Emerging Markets Equity ETF 20.3 33 12 8.7 +1.7
ECON Columbia Emerging Markets Consumer ETF 19.9 59 -14 4.5 -2.5
KWEB KraneShares CSI China Internet ETF 19.4 76 -31 1.8 -5.1
EMMF WisdomTree Emerging Markets Multifactor Fund 19.2 48 -3 9.3 +2.4
TTTN UP Fintech China-U.S. Internet Titans ETF 18.9 59 -14 4.1 -2.8
XCEM Columbia EM Core ex-China ETF 18.5 16 29 7.0 +0.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 18.2 59 -14 10.8 +3.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 17.8 44 1 8.9 +1.9
ISEM Invesco Strategic Emerging Markets ETF 17.5 35 10 10.2 +3.3
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 17.0 25 20 7.7 +0.7
RNEM Emerging Markets Equity Select ETF 16.8 75 -30 11.4 +4.4
WUGI Esoterica NextG Economy ETF 16.3 75 -30 1.7 -5.3
FXI iShares China Large-Cap ETF 15.6 74 -29 13.0 +6.0
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 15.3 64 -19 4.6 -2.4
FDEM Fidelity Targeted Emerging Markets Factor ETF 14.6 45 0 9.3 +2.4
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 14.3 45 0 13.2 +6.2
ROAM Hartford Multifactor Emerging Markets ETF 13.9 44 1 14.4 +7.5
EWT iShares MSCI Taiwan ETF 13.9 59 -14 5.7 -1.3
FLTW Franklin FTSE Taiwan ETF 13.8 19 26 6.1 -0.9
OGIG O'Shares Global Internet Giants ETF 13.7 48 -3 0.7 -6.3
CHIQ Global X China Consumer ETF 13.2 65 -20 7.0 +0.0
VSGX Vanguard ESG International Stock ETF 13.1 17 28 7.0 +0.0
PIE Invesco DWA Emerging Markets Momentum ETF 13.1 90 -45 4.6 -2.4
BICK First Trust BICK Index Fund 12.9 64 -19 4.3 -2.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.2 40 5 6.9 -0.1
DINT Davis Select International ETF 12.0 68 -23 5.7 -1.3
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 11.9 50 -5 10.3 +3.4
ACWX iShares MSCI ACWI ex U.S. ETF 11.7 32 13 7.1 +0.2
FLKR Franklin FTSE South Korea ETF 11.5 9 36 8.4 +1.5
EWY iShares MSCI South Korea ETF 11.5 59 -14 8.0 +1.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 11.4 29 16 9.8 +2.9
CQQQ Invesco China Technology ETF 11.3 70 -25 3.8 -3.2
IXUS ishares Core MSCI Total International Stock ETF 11.1 9 36 7.3 +0.3
VXUS Vanguard Total International Stock Index Fund 10.7 8 37 7.4 +0.4
DWLD Davis Select Worldwide ETF 10.7 63 -18 6.4 -0.6
VEU Vanguard FTSE All-World ex-US Index Fund 10.5 8 37 7.4 +0.5
VIGI Vanguard International Dividend Appreciation ETF 9.7 25 20 5.5 -1.5
VYMI Vanguard International High Dividend Yield ETF 9.7 32 13 9.9 +2.9
FRDM Freedom 100 Emerging Markets ETF 9.4 49 -4 6.5 -0.5
CWI SPDR MSCI ACWI ex-US ETF 9.1 30 15 7.1 +0.1
AIQ Global X Future Analytics Tech ETF 8.8 68 -23 4.2 -2.8
FKO First Trust South Korea AlphadDEX Fund 8.6 80 -35 9.1 +2.1
GBUY Goldman Sachs Motif New Age Consumer ETF 8.6 50 -5 1.8 -5.2
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 8.6 18 27 5.3 -1.6
ONLN ProShares Online Retail ETF 8.6 58 -13 0.8 -6.1
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 8.4 60 -15 8.5 +1.5
FLLA Franklin FTSE Latin America ETF 8.2 19 26 6.6 -0.4
IXP iShares Global Comm Services ETF 8.1 46 -1 5.5 -1.5
SOCL Global X Social Media ETF 8.1 65 -20 1.8 -5.2
PNQI Invesco NASDAQ Internet ETF 8.1 62 -17 1.0 -6.0
BUYZ Franklin Disruptive Commerce ETF 8.1 50 -5 -0.3 -7.2
PGJ Invesco Golden Dragon China ETF 8.1 70 -25 3.2 -3.8
JOYY Infusive Compounding Global Equities ETF 7.8 50 -5 3.6 -3.4
EMFM Global X MSCI Next Emerging & Frontier ETF 7.7 66 -21 9.0 +2.1
FLIN Franklin FTSE India ETF 7.5 19 26 5.3 -1.6
INDA iShares MSCI India ETF 7.5 69 -24 4.9 -2.1

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

  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

Content on this tab for subscribers only

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 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 CATEGORY
AVERAGE
1.45
 
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.