NuShares ESG Large-Cap Growth
ALTAR
Score™
3.8% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
30.4x P/Sales
ratio
3.3x
P/BV
ratio
7.8x Div.
yield
0.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The NuShares ESG Large-Cap Growth ETF tracks an index composed of large-cap U.S. companies with growth characteristics that also meet certain environmental, social, and governance criteria.

FUND BASICS
Category US Equities
Fund Sponsor Nuveen
Website www.nuveen.com
Inception date Dec 13, 2016
Assets (mns) $122
Currency USD
Expense ratio 35 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 108
Wgt avg mkt cap (mns) $268,331
Large cap (>$10bn) 98.0%
Mid cap ($2-10bn) 2.0%
Small cap (<$2bn) 0.0%
Developed mkts 98.5%
Emerging mkts 1.5%

TOP TEN HOLDINGS
MICROSOFT CORP 9.4 %
ALPHABET INC. CLASS A 4.2 %
VISA INC-CLASS A SHARES 3.7 %
MASTERCARD INC-CLASS A 3.3 %
ALPHABET INC. CLASS C 3.1 %
ADOBE SYSTEMS INC 2.5 %
HOME DEPOT INC 2.4 %
NVIDIA CORP 2.3 %
SALESFORCE.COM INC 2.3 %
THERMO FISHER SCIENTIFIC INC 2.2 %
Total 35.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.3 %
IRELAND 3.0 %
BRITAIN 2.0 %
ARGENTINA 1.6 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
39.2% 39.2% -- -- 20.2%

Market Correlations
versus... Beta R-squared
S&P500 1.00 88%
MSCI EAFE 0.90 58%
MSCI Emg. Mkts. 0.56 39%

Technical Indicators
Recent close $43.72
30d moving avg. $41.72
Annualized volatility 12.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 78

Liquidity measures
Avg. volume (thou.) 23
Turnover 0.8%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $36,800

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: NULG Expense: 35 bp ALTAR Score™: 3.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH NULG
Ticker Fund
Name
Overlap1
vs NULG
(%)
Expense
ratio
(bp)
Savings
vs NULG
(bp)
ALTAR
Score™
(%)
ALTAR
vs NULG
(%)
NULC Nuveen ESG Large-Cap ETF 49.7 20 15 5.0 +1.2
JKE iShares Morningstar Large Cap Growth 47.0 25 10 3.4 -0.4
MGK Vanguard Mega Cap 300 Growth 44.0 7 28 4.6 +0.8
IWY iShares Russell Top 200 Growth 41.6 20 15 4.6 +0.8
VUG Vanguard Growth ETF 41.2 4 31 4.5 +0.7
USSG Xtrackers MSCI USA ESG Leaders Equity 40.0 10 25 5.3 +1.6
SUSL iShares ESG MSCI USA Leaders 39.9 10 25 5.3 +1.6
DSI iShares MSCI KLD 400 Social 38.6 25 10 5.2 +1.4
VONG Vanguard Russell 1000 Growth 37.0 12 23 4.7 +0.9
SPYG SPDR Portfolio S&P 500 Growth 36.8 4 31 4.7 +0.9
IWF iShares Russell 1000 Growth 36.8 19 16 4.6 +0.8
IVW iShares S&P 500 Growth 36.8 18 17 4.5 +0.8
SCHG Schwab U.S. Large-Cap Growth 36.5 4 31 4.5 +0.7
PWB Invesco Dynamic Large Cap Growth 36.0 55 -20 3.7 -0.1
TMFC Motley Fool 100 Index 35.7 50 -15 4.0 +0.2
IUSG iShares Core U.S. Growth 34.8 4 31 4.7 +0.9
VOOG Vanguard S&P 500 Growth 34.7 15 20 4.6 +0.8
IGM iShares S&P N. American Technology 34.7 46 -11 4.1 +0.3
IETC iShares Evolved U.S. Technology 34.4 18 17 4.3 +0.5
LRGE ClearBridge Large Cap Growth ESG 33.9 60 -25 3.9 +0.1

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

  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 Large-Cap Growth
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 26.1 %
Divided by: Fwd. P/BV 6.3 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 3.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 CATEGORY
AVERAGE
1.55
 
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.