Nuveen ESG Large-Cap ETF
ALTAR
Score™
4.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
25.8x P/Sales
ratio
3.0x
P/BV
ratio
4.3x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Nuveen ESG large-cap ETF tracks a multi-factor-weighted index of large-cap companies listed on US exchanges. Holdings are screened for environmental, social, and governance criteria.

FUND BASICS
Category US Equities
Fund Sponsor Nuveen
Website www.nuveen.com
Inception date Jun 03, 2019
Assets (mns) $19
Currency USD
Expense ratio 20 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 219
Wgt avg mkt cap (mns) $245,989
Large cap (>$10bn) 97.4%
Mid cap ($2-10bn) 2.7%
Small cap (<$2bn) 0.0%
Developed mkts 99.4%
Emerging mkts 0.6%

TOP TEN HOLDINGS
MICROSOFT CORP 5.7 %
ALPHABET INC. CLASS C 2.7 %
TESLA MOTORS INC 2.2 %
NVIDIA CORP 2.1 %
WALT DISNEY CO/THE 2.1 %
PROCTER & GAMBLE CO/THE 2.0 %
ALPHABET INC. CLASS A 1.9 %
COCA-COLA CO/THE 1.8 %
TEXAS INSTRUMENTS INC 1.8 %
PEPSICO INC 1.7 %
Total 23.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.4 %
BRITAIN 2.8 %
SWITZERLAND 1.7 %
IRELAND 1.2 %
ARGENTINA 0.7 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
17.4% 20.8% -- -- 21.0%

Market Correlations
versus... Beta R-squared
S&P500 1.03 99%
MSCI EAFE 0.92 90%
MSCI Emg. Mkts. 0.75 68%

Technical Indicators
Recent close $34.81
30d moving avg. $33.20
Annualized volatility 22.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.4%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $86,326

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Nuveen ESG Large-Cap ETF ETF based on the alternatives' overlap in portfolio holdings with NULC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: NULC Expense: 20 bp ALTAR Score™: 4.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH NULC
Ticker Fund
Name
Overlap1
vs NULC
(%)
Expense
ratio
(bp)
Savings
vs NULC
(bp)
ALTAR
Score™
(%)
ALTAR
vs NULC
(%)
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 61.1 10 10 5.0 +0.3
SUSL iShares ESG MSCI USA Leaders ETF 61.1 10 10 5.0 +0.3
DSI iShares MSCI KLD 400 Social ETF 58.6 25 -5 4.8 +0.1
USXF iShares ESG Advanced MSCI USA ETF 56.0 10 10 4.6 -0.0
IQSU IQ Candriam ESG US Equity ETF 49.6 9 11 4.8 +0.1
SUSA iShares MSCI USA ESG Select ETF 48.9 25 -5 4.5 -0.2
ESGV Vanguard ESG U.S. Stock ETF 47.6 12 8 4.7 +0.1
ESGU iShares MSCI USA ESG Optimized ETF 47.2 15 5 4.7 +0.0
ESG FlexShares STOXX US ESG Impact Index Fund 43.7 32 -12 4.8 +0.1
MGC Vanguard Mega Cap Index Fund 43.4 7 13 4.8 +0.1
EFIV SPDR S&P 500 ESG ETF 43.3 10 10 4.8 +0.1
SNPE Xtrackers S&P 500 ESG ETF 43.3 10 10 4.8 +0.1
NULV Nuveen ESG Large-Cap Value ETF 43.3 35 -15 6.7 +2.0
IWL iShares Russell Top 200 ETF 43.2 15 5 4.6 -0.1
BKLC BNY Mellon US Large Cap Core Equity ETF 43.1 0 20 4.8 +0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 42.4 20 0 4.6 -0.1
PBP Invesco S&P 500 BuyWrite ETF 41.5 49 -29 4.7 +0.0
HSPX Global X S&P 500 Covered Call ETF 41.4 60 -40 4.7 -0.0
SPXE ProShares S&P 500 Ex-Energy ETF 41.1 27 -7 4.9 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 41.1 20 0 5.0 +0.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 40.8 49 -29 3.9 -0.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 40.7 7 13 4.8 +0.2
XYLG Global X S&P 500 Covered Call & Growth ETF 40.6 60 -40 4.7 -0.0
VOOG Vanguard S&P 500 Growth ETF 40.4 10 10 4.1 -0.6
SPY SPDR S&P 500 ETF Trust 40.4 9 11 5.0 +0.3
SPLG SPDR Portfolio Large Cap ETF 40.3 3 17 5.1 +0.4
IVV iShares Core S&P 500 ETF 40.3 3 17 5.1 +0.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 40.3 60 -40 3.8 -0.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 40.2 2 18 4.9 +0.2
PBUS Invesco PureBeta MSCI USA ETF 40.2 4 16 4.8 +0.2
VOO VANGUARD S&P 500 ETF 39.8 3 17 5.1 +0.4
SPXN ProShares S&P 500 Ex-Financials ETF 39.8 27 -7 4.6 -0.0
SPYG SPDR Portfolio S&P 500 Growth ETF 39.5 4 16 4.2 -0.5
WOMN Impact Shares YWCA Women's Empowerment ETF 39.5 75 -55 3.9 -0.8
IVW iShares S&P 500 Growth ETF 39.5 18 2 4.1 -0.6
VV Vanguard Large-Cap Index Fund 39.4 4 16 4.8 +0.2
IWF iShares Russell 1000 Growth ETF 39.3 19 1 3.6 -1.1
IWY iShares Russell Top 200 Growth ETF 39.3 20 0 3.8 -0.9
OEF iShares S&P 100 ETF 39.0 20 0 4.5 -0.2
SCHX Schwab U.S. Large-Cap ETF 38.8 3 17 4.8 +0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 38.8 27 -7 4.6 -0.0
VONG Vanguard Russell 1000 Growth Index Fund 38.6 8 12 3.8 -0.9
CATH Global X S&P 500 Catholic Values Custom ETF 38.5 29 -9 4.7 +0.1
IUSG iShares Core S&P US Growth ETF 38.5 4 16 4.2 -0.5
VEGN US Vegan Climate ETF 38.0 60 -40 4.7 +0.0
SCHK Schwab 1000 Index ETF 38.0 5 15 4.8 +0.1
QUS SPDR MSCI USA StrategicFactors ETF 37.8 15 5 5.5 +0.8
IWB iShares Russell 1000 ETF 37.7 15 5 4.7 +0.0
IYY iShares Dow Jones U.S. ETF 37.6 20 0 4.7 0.0
SPTM SPDR Portfolio Total Stock Market ETF 37.3 3 17 5.1 +0.4
NACP Impact Shares NAACP Minority Empowerment ETF 37.2 75 -55 4.6 -0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 37.2 12 8 4.2 -0.5
MGK Vanguard Mega Cap Growth ETF 36.7 7 13 3.9 -0.8
SFY SoFi Select 500 ETF 36.7 0 20 4.8 +0.1
NULG Nuveen ESG Large-Cap Growth ETF 36.5 35 -15 3.6 -1.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 36.5 9 11 5.3 +0.6
VTHR Vanguard Russell 3000 Index Fund 36.4 10 10 4.7 -0.0
VUG Vanguard Growth Index Fund 36.3 4 16 3.7 -1.0
RAFE PIMCO RAFI ESG U.S. ETF 36.2 29 -9 7.1 +2.4
XLG Invesco S&P 500 Top 50 ETF 36.0 20 0 4.3 -0.4
SCHB Schwab U.S. Broad Market ETF 35.6 3 17 4.7 +0.1
JQUA JPMorgan U.S. Quality Factor ETF 35.5 12 8 5.2 +0.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 35.4 3 17 4.7 +0.0
IWV iShares Russell 3000 ETF 35.4 20 0 4.6 -0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 35.4 30 -10 6.1 +1.4
FDLO Fidelity Low Volatility Factor ETF 35.3 29 -9 5.0 +0.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 35.1 15 5 5.9 +1.2
DLN WisdomTree U.S. LargeCap Dividend Fund 35.0 28 -8 6.1 +1.4
EXT WisdomTree U.S. Total Earnings Fund 34.9 28 -8 5.2 +0.5
RECS Columbia Research Enhanced Core ETF 34.5 15 5 5.3 +0.6
VTI Vanguard Total Stock Market Index Fund 34.4 3 17 4.7 +0.0
VONE Vanguard Russell 1000 ETF 34.4 8 12 4.8 +0.1
SPXT ProShares S&P 500 Ex-Technology ETF 34.4 27 -7 5.2 +0.5
EPS WisdomTree U.S. Earnings 500 Fund 34.1 8 12 6.0 +1.3
DFAU Dimensional US Core Equity Market ETF 34.0 12 8 5.0 +0.3
TMFC Motley Fool 100 Index ETF 33.9 50 -30 3.2 -1.5
DIVB iShares U.S. Dividend & Buyback ETF 33.8 25 -5 6.3 +1.6
JHML John Hancock Multifactor Large Cap ETF 33.7 29 -9 5.1 +0.4
ECOZ TrueMark ESG Active Opportunities ETF 33.3 58 -38 3.3 -1.4
SCHV Schwab U.S. Large-Cap Value ETF 32.8 4 16 6.3 +1.6
KRMA Global X Conscious Companies ETF 32.8 43 -23 4.8 +0.2
FQAL Fidelity Quality Factor ETF 32.8 29 -9 5.2 +0.5
DGRO iShares Core Dividend Growth ETF 32.6 8 12 6.3 +1.6
DTD WisdomTree U.S.Total Dividend Fund 32.4 28 -8 6.3 +1.6
FLQL Franklin LibertyQ U.S. Equity ETF 32.3 15 5 5.9 +1.2
JMOM JPMorgan U.S. Momentum Factor ETF 32.2 12 8 3.2 -1.4
SCHG Schwab U.S. Large-Cap Growth ETF 32.1 4 16 3.4 -1.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 32.1 19 1 5.6 +0.9
SPQQ Siren Large Cap Blend Index ETF 32.0 20 0 4.5 -0.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 32.0 29 -9 5.3 +0.6
EQWL Invesco Russell Top 200 Equal Weight ETF 31.7 25 -5 5.8 +1.1
MTUM iShares MSCI USA Momentum Factor ETF 31.1 15 5 4.0 -0.7
DGRW WisdomTree U.S. Quality Dividend Growth Fund 30.9 28 -8 6.2 +1.5
VOOV Vanguard S&P 500 Value ETF 30.9 10 10 6.8 +2.1
QYLD Global X NASDAQ 100 Covered Call ETF 30.9 60 -40 3.4 -1.3
NUSI Nationwide Risk-Managed Income ETF 30.8 68 -48 3.6 -1.1
IWX iShares Russell Top 200 Value ETF 30.8 20 0 6.3 +1.6
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 30.7 60 -40 3.4 -1.3
QQQM Invesco NASDAQ 100 ETF 30.6 15 5 3.8 -0.9
QQQ Invesco QQQ Trust 30.6 20 0 3.7 -1.0

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 Large-Cap ETF
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 18.6 %
Divided by: Fwd. P/BV 3.8 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 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.