Nuveen ESG Emerging Markets Equity ETF
ALTAR
Score™
8.1% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
15.1x 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) $38
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 405
Wgt avg mkt cap (mns) $115,721
Large cap (>$10bn) 66.5%
Mid cap ($2-10bn) 30.4%
Small cap (<$2bn) 3.0%
Developed mkts 8.2%
Emerging mkts 88.8%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 8.2 %
TENCENT HOLDINGS LTD 7.2 %
TAIWAN SEMICONDUCTOR MANUFAC 5.9 %
CHINA CONSTRUCTION BANK-H 2.7 %
NASPERS LTD-N SHS 2.2 %
MEITUAN DIANPING 1.8 %
MEDIATEK INC 1.6 %
HINDUSTAN UNILEVER LIMITED 1.5 %
CHINA CONCH VENTURE HOLDINGS 1.4 %
CHINA STEEL CORP 1.4 %
Total 33.8 %

TOP COUNTRY EXPOSURE
CHINA 32.3 %
TAIWAN 13.2 %
SOUTH KOREA 10.9 %
INDIA 8.0 %
BRAZIL 5.3 %
HONG KONG 4.5 %
SOUTH AFRICA 4.3 %
SAUDI ARABIA 3.0 %
RUSSIA 2.0 %
MEXICO 2.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.1% -4.6% -- -- -1.2%

Market Correlations
versus... Beta R-squared
S&P500 0.90 67%
MSCI EAFE 1.03 76%
MSCI Emg. Mkts. 0.94 96%

Technical Indicators
Recent close $23.53
30d moving avg. $22.55
Annualized volatility 18.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 19
Turnover 1.2%
Bid/Ask (% of price) 0.65%
ADV underlying (mns) $18,382

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 8.1%


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 48.9 20 25 7.9 -0.2
ESGE iShares ESG MSCI EM ETF 46.3 25 20 10.0 +1.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 39.8 30 15 9.1 +1.1
SCHE Schwab Emerging Markets Equity ETF 36.1 13 32 9.0 +0.9
EEMA iShares MSCI Emerging Markets Asia ETF 35.5 50 -5 8.7 +0.6
EEM iShares MSCI Emerging Markets ETF 35.2 68 -23 8.6 +0.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 34.8 32 13 7.0 -1.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 34.6 65 -20 8.6 +0.5
FLAX Franklin FTSE Asia Ex Japan ETF 33.3 19 26 8.8 +0.7
PBEE Invesco PureBeta FTSE Emerging Markets ETF 33.2 14 31 9.8 +1.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 32.9 68 -23 8.2 +0.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 32.3 95 -50 10.5 +2.4
IEMG iShares Core MSCI Emerging Markets ETF 31.8 14 31 9.0 +0.9
DVEM WisdomTree Emerging Markets Dividend Fund 31.6 32 13 9.4 +1.3
VWO Vanguard FTSE Emerging Markets ETF 31.4 10 35 9.1 +1.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 31.2 45 0 9.0 +0.9
JHEM John Hancock Multifactor Emerging Markets ETF 30.1 55 -10 9.2 +1.1
BKF iShares MSCI BRIC ETF 29.7 69 -24 8.7 +0.7
SPEM SPDR Portfolio Emerging Markets ETF 29.6 11 34 8.9 +0.8
GMF SPDR S&P Emerging Asia Pacific ETF 28.0 49 -4 8.2 +0.1
GXC SPDR S&P China ETF 25.8 59 -14 9.1 +1.1
KALL KraneShares FTSE Emerging Markets Plus ETF 25.7 49 -4 9.3 +1.3
WCHN WisdomTree ICBCCS S&P China 500 Fund 25.4 55 -10 9.2 +1.1
MCHI iShares MSCI China ETF 25.4 59 -14 9.3 +1.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 25.1 49 -4 8.6 +0.6
FLCH Franklin FTSE China ETF 24.8 19 26 9.5 +1.4
EMXC iShares MSCI Emerging Markets ex China ETF 23.1 49 -4 8.7 +0.6
CHIL Global X MSCI China Large-Cap 50 ETF 23.0 29 16 9.8 +1.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 22.8 30 15 9.7 +1.6
PXH Invesco FTSE RAFI Emerging Markets ETF 22.7 50 -5 14.1 +6.1
AIA iShares Asia 50 ETF 22.5 50 -5 9.3 +1.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 22.4 40 5 8.1 -0.0
CN Xtrackers MSCI All China Equity ETF 22.0 50 -5 9.5 +1.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 21.3 39 6 13.5 +5.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 21.2 32 13 7.1 -0.9
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 20.9 45 0 10.3 +2.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 20.9 49 -4 9.3 +1.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 20.5 59 -14 11.5 +3.4
ISEM Invesco Strategic Emerging Markets ETF 20.2 35 10 10.7 +2.6
FDNI First Trust Dow Jones International Internet ETF 19.7 65 -20 2.8 -5.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 19.2 32 13 9.8 +1.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 19.1 86 -41 2.4 -5.7
EMCG WisdomTree Emerging Markets Consumer Growth Fund 18.8 32 13 7.9 -0.2
RNEM Emerging Markets Equity Select ETF 18.7 75 -30 10.8 +2.7
AVEM Avantis Emerging Markets Equity ETF 18.5 33 12 9.9 +1.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 18.4 45 0 9.2 +1.2
EEMO Invesco S&P Emerging Markets Momentum ETF 18.4 30 15 7.4 -0.7
ECON Columbia Emerging Markets Consumer ETF 17.8 59 -14 5.1 -3.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 17.5 16 29 7.3 -0.7
KWEB KraneShares CSI China Internet ETF 17.5 76 -31 3.6 -4.5
EMMF WisdomTree Emerging Markets Multifactor Fund 16.6 48 -3 10.0 +2.0
AXJL WisdomTree Asia Pacific ex-Japan Fund 16.4 48 -3 10.0 +1.9
TTTN UP Fintech China-U.S. Internet Titans ETF 16.1 59 -14 5.2 -2.9
XCEM Columbia EM Core ex-China ETF 15.2 16 29 8.1 +0.0
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 15.1 64 -19 5.4 -2.6
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 14.7 45 0 13.9 +5.8
FXI iShares China Large-Cap ETF 13.9 74 -29 13.8 +5.7
PIE Invesco DWA Emerging Markets Momentum ETF 13.7 90 -45 5.8 -2.3
FDEM Fidelity Targeted Emerging Markets Factor ETF 13.4 45 0 10.0 +2.0
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 13.4 25 20 8.6 +0.5
EWT iShares MSCI Taiwan ETF 13.2 59 -14 6.6 -1.5
FLTW Franklin FTSE Taiwan ETF 13.2 19 26 6.9 -1.2
BICK First Trust BICK Index Fund 12.6 64 -19 4.7 -3.4
JOYY Infusive Compounding Global Equities ETF 12.4 50 -5 3.9 -4.1
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 12.4 50 -5 10.2 +2.1
ROAM Hartford Multifactor Emerging Markets ETF 11.8 44 1 15.5 +7.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 11.6 29 16 10.1 +2.0
CHIQ Global X China Consumer ETF 11.4 65 -20 9.7 +1.7
VSGX Vanguard ESG International Stock ETF 11.4 17 28 7.6 -0.5
EWY iShares MSCI South Korea ETF 10.8 59 -14 9.5 +1.4
DINT Davis Select International ETF 10.7 75 -30 6.1 -1.9
OGIG O'Shares Global Internet Giants ETF 10.7 48 -3 0.5 -7.6
FLKR Franklin FTSE South Korea ETF 10.7 9 36 10.1 +2.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.4 40 5 7.6 -0.5
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 10.2 80 -35 1.8 -6.3
ACWX iShares MSCI ACWI ex U.S. ETF 10.0 32 13 7.7 -0.3
VIGI Vanguard International Dividend Appreciation ETF 9.6 25 20 6.1 -2.0
VXUS Vanguard Total International Stock Index Fund 9.5 8 37 7.9 -0.2
CQQQ Invesco China Technology ETF 9.5 70 -25 4.5 -3.6
IXUS ishares Core MSCI Total International Stock ETF 9.5 9 36 7.8 -0.3
VEU Vanguard FTSE All-World ex-US Index Fund 9.2 8 37 8.0 -0.1
DWLD Davis Select Worldwide ETF 9.1 64 -19 6.9 -1.2
DEM WisdomTree Emerging Markets High Dividend Fund 8.7 63 -18 14.5 +6.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 8.6 60 -15 8.8 +0.7
FLLA Franklin FTSE Latin America ETF 8.6 19 26 7.5 -0.6
EMFM Global X MSCI Next Emerging & Frontier ETF 8.5 55 -10 9.1 +1.0
BUYZ Franklin Disruptive Commerce ETF 8.4 50 -5 -0.1 -8.2
FNI First Trust Chindia ETF 8.3 59 -14 3.6 -4.5
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 8.2 18 27 6.4 -1.7
ONLN ProShares Online Retail ETF 8.2 58 -13 1.7 -6.4
FLIN Franklin FTSE India ETF 8.0 19 26 6.6 -1.5
INDA iShares MSCI India ETF 8.0 69 -24 6.1 -1.9
PGJ Invesco Golden Dragon China ETF 7.9 70 -25 3.6 -4.5
IXP iShares Global Comm Services ETF 7.9 46 -1 5.8 -2.3
SOCL Global X Social Media ETF 7.9 65 -20 2.3 -5.8
AIQ Global X Future Analytics Tech ETF 7.8 68 -23 4.2 -3.9
GBUY Goldman Sachs Motif New Age Consumer ETF 7.7 50 -5 2.2 -5.9
CWI SPDR MSCI ACWI ex-US ETF 7.6 30 15 7.9 -0.2
VYMI Vanguard International High Dividend Yield ETF 7.6 32 13 10.6 +2.5
FKO First Trust South Korea AlphadDEX Fund 7.6 80 -35 9.5 +1.4

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 12.0 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 8.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 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.