Nuveen ESG Large-Cap Growth ETF
ALTAR
Score™
4.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
23.3x P/Sales
ratio
2.8x
P/BV
ratio
5.5x Div.
yield
1.0%


  • 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) $143
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 139
Wgt avg mkt cap (mns) $118,816
Large cap (>$10bn) 94.9%
Mid cap ($2-10bn) 5.1%
Small cap (<$2bn) 0.0%
Developed mkts 98.7%
Emerging mkts 1.3%

TOP TEN HOLDINGS
ALPHABET INC. CLASS A 4.1 %
ALPHABET INC. CLASS C 3.1 %
MASTERCARD INC-CLASS A 3.0 %
NVIDIA CORP 2.7 %
ADOBE SYSTEMS INC 2.7 %
ELI LILLY & CO 2.4 %
HOME DEPOT INC 2.4 %
THERMO FISHER SCIENTIFIC INC 2.3 %
SALESFORCE.COM INC 2.2 %
ACCENTURE PLC-CL A 2.1 %
Total 27.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.1 %
IRELAND 3.5 %
BRITAIN 1.9 %
ARGENTINA 1.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.9% 1.1% -- -- 12.7%

Market Correlations
versus... Beta R-squared
S&P500 0.99 91%
MSCI EAFE 0.88 70%
MSCI Emg. Mkts. 0.64 54%

Technical Indicators
Recent close $33.99
30d moving avg. $37.61
Annualized volatility 15.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 35

Liquidity measures
Avg. volume (thou.) 84
Turnover 2.0%
Bid/Ask (% of price) 0.49%
ADV underlying (mns) $86,571

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Nuveen ESG Large-Cap Growth ETF 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™: 4.8%


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 43.7 20 15 6.9 +2.1
PWB Invesco Dynamic Large Cap Growth ETF 34.7 55 -20 4.6 -0.1
JKE iShares Morningstar Large-Cap Growth ETF 33.7 25 10 4.7 -0.1
MGK Vanguard Mega Cap Growth ETF 31.2 7 28 5.6 +0.9
VUG Vanguard Growth Index Fund 30.8 4 31 5.5 +0.8
QGRO American Century STOXX U.S. Quality Growth ETF 30.6 29 6 4.5 -0.2
SUSL iShares ESG MSCI USA Leaders ETF 29.8 10 25 6.9 +2.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 29.6 10 25 6.9 +2.2
DSI iShares MSCI KLD 400 Social ETF 29.2 25 10 6.7 +2.0
IWY iShares Russell Top 200 Growth ETF 28.2 20 15 5.5 +0.8
SUSA iShares MSCI USA ESG Select ETF 27.6 25 10 6.2 +1.5
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 27.1 29 6 5.6 +0.9
VONG Vanguard Russell 1000 Growth Index Fund 27.0 8 27 5.8 +1.0
IWF iShares Russell 1000 Growth ETF 27.0 19 16 5.7 +0.9
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 26.4 49 -14 5.5 +0.7
SCHG Schwab U.S. Large-Cap Growth ETF 26.2 4 31 5.6 +0.9
IGM iShares North American Tech ETF 26.0 46 -11 5.3 +0.5
VOOG Vanguard S&P 500 Growth ETF 25.8 10 25 5.7 +1.0
SPYG SPDR Portfolio S&P 500 Growth ETF 25.8 4 31 5.8 +1.0
IVW iShares S&P 500 Growth ETF 25.7 18 17 5.6 +0.9
IETC iShares Evolved U.S. Technology ETF 25.5 18 17 5.4 +0.6
FTC First Trust Large Cap Growth AlphaDEX Fund 25.0 61 -26 4.4 -0.4
RPG Invesco S&P 500 Pure Growth ETF 24.9 35 0 6.5 +1.7
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 24.9 49 -14 7.6 +2.8
JMOM JPMorgan U.S. Momentum Factor ETF 24.8 12 23 5.2 +0.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 24.8 60 -25 5.6 +0.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 24.7 35 0 5.8 +1.1
JQUA JPMorgan U.S. Quality Factor ETF 24.6 12 23 6.6 +1.9
IUSG iShares Core S&P US Growth ETF 24.6 4 31 5.8 +1.1
IQSU IQ Candriam ESG US Equity ETF 24.4 9 26 6.7 +1.9
LRGE ClearBridge Large Cap Growth ESG ETF 24.3 60 -25 5.4 +0.7
VEGN US Vegan Climate ETF 24.0 60 -25 7.1 +2.3
ESGU iShares MSCI USA ESG Optimized ETF 23.8 15 20 6.7 +1.9
RYT Invesco S&P 500 Equal Weight Technology ETF 23.8 40 -5 8.2 +3.5
QUAL iShares MSCI Usa Quality Factor ETF 23.8 15 20 6.9 +2.2
IYW iShares U.S. Technology ETF 23.4 42 -7 5.6 +0.8
XNTK SPDR Morgan Stanley Technology ETF 23.4 35 0 5.4 +0.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 23.3 19 16 7.6 +2.8
QYLD Global X NASDAQ 100 Covered Call ETF 23.2 60 -25 4.9 +0.1
TECB iShares US Tech Breakthrough Multisector ETF 23.2 40 -5 5.4 +0.7
KRMA Global X Conscious Companies ETF 22.8 43 -8 7.3 +2.5
CACG ClearBridge All Cap Growth ETF 22.7 54 -19 5.7 +0.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 22.6 75 -40 5.0 +0.2
NUSI Nationwide Risk-Managed Income ETF 22.5 68 -33 4.8 +0.0
QQQ Invesco QQQ Trust 22.1 20 15 5.4 +0.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 22.0 60 -25 6.0 +1.2
TMFC Motley Fool 100 Index ETF 21.9 50 -15 5.1 +0.3
TTAC TrimTabs Float Shrink ETF 21.8 59 -24 5.2 +0.4
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 21.6 57 -22 6.3 +1.6
PDP Invesco DWA Momentum ETF 20.8 62 -27 4.4 -0.3
PSET Principal Price Setters Index ETF 20.8 29 6 7.1 +2.4
XLK Technology Select Sector SPDR Fund 20.6 13 22 6.3 +1.5
FQAL Fidelity Quality Factor ETF 20.4 29 6 7.0 +2.3
ETHO Etho Climate Leadership U.S. ETF 20.1 47 -12 6.7 +1.9
FTEC Fidelity MSCI Information Technology Index ETF 20.1 8 27 6.2 +1.5
VGT Vanguard Information Technology Index Fund 20.1 10 25 6.2 +1.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 20.0 9 26 7.3 +2.5
JHMT John Hancock Multifactor Technology ETF 19.8 40 -5 6.8 +2.1
CATH Global X S&P 500 Catholic Values Custom ETF 19.7 29 6 7.0 +2.3
ADME Aptus Drawdown Managed Equity ETF 19.7 81 -46 5.4 +0.6
BIBL Inspire ETF 19.7 35 0 6.2 +1.4
HSPX Global X S&P 500 Covered Call ETF 19.6 65 -30 6.2 +1.4
SFY SoFi Select 500 ETF 19.5 0 35 6.7 +2.0
SPXN ProShares S&P 500 Ex-Financials ETF 19.5 27 8 6.6 +1.9
SNPE Xtrackers S&P 500 ESG ETF 19.4 11 24 6.8 +2.1
PBP Invesco S&P 500 BuyWrite ETF 19.3 49 -14 6.5 +1.8
GARD Reality Shares DIVCON Dividend Guard ETF 19.2 129 -94 4.7 -0.1
QUS SPDR MSCI USA StrategicFactors ETF 19.2 15 20 7.3 +2.5
ESGV Vanguard ESG U.S. Stock ETF 19.1 12 23 7.0 +2.2
WOMN Impact Shares YWCA Women's Empowerment ETF 19.1 75 -40 6.2 +1.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 19.1 20 15 6.6 +1.9
IWL iShares Russell Top 200 ETF 19.1 15 20 6.6 +1.9
LEAD Reality Shares DIVCON Leaders Dividend ETF 19.0 43 -8 5.7 +0.9
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 18.9 25 10 7.7 +2.9
DEF Invesco Defensive Equity ETF 18.9 55 -20 6.4 +1.6
ESG FlexShares STOXX US ESG Impact Index Fund 18.8 32 3 6.8 +2.0
FTCS First Trust Capital Strength ETF 18.8 60 -25 6.1 +1.3
HLAL Wahed FTSE USA Shariah ETF 18.6 50 -15 6.2 +1.4
VOT Vanguard Mid-Cap Growth Index Fund 18.6 7 28 5.0 +0.3
SPXE ProShares S&P 500 Ex-Energy ETF 18.6 27 8 7.0 +2.2
MGC Vanguard Mega Cap Index Fund 18.5 7 28 6.8 +2.1
AIEQ AI Powered Equity ETF 18.4 87 -52 5.1 +0.4
VV Vanguard Large-Cap Index Fund 18.4 4 31 7.0 +2.2
EXT WisdomTree U.S. Total Earnings Fund 18.4 28 7 7.7 +2.9
IGV iShares North American Tech-Software ETF 18.4 46 -11 3.5 -1.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 18.4 12 23 6.7 +2.0
SPXV ProShares S&P 500 Ex-Health Care ETF 18.4 27 8 6.8 +2.0
NACP Impact Shares NAACP Minority Empowerment ETF 18.3 75 -40 6.2 +1.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 18.3 2 33 7.1 +2.3
GVIP Goldman Sachs Hedge Industry VIP ETF 18.2 45 -10 6.7 +2.0
PBUS Invesco PureBeta MSCI USA ETF 18.1 4 31 7.2 +2.4
FCTR First Trust Lunt U.S. Factor Rotation ETF 18.1 65 -30 4.4 -0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 18.1 20 15 7.1 +2.3
SPMV Invesco S&P 500 Minimum Variance ETF 18.0 10 25 7.3 +2.6
SPY SPDR S&P 500 ETF Trust 18.0 9 26 7.1 +2.3
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 18.0 60 -25 9.1 +4.4
FLLV Franklin Liberty U.S. Low Volatility ETF 18.0 29 6 7.1 +2.3
VOO VANGUARD S&P 500 ETF 18.0 3 32 7.1 +2.3
SPLG SPDR Portfolio Large Cap ETF 18.0 3 32 7.1 +2.4
QLC FlexShares US Quality Large Cap Index Fund 17.9 32 3 7.4 +2.6

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 Growth 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 26.4 %
Divided by: Fwd. P/BV 5.2 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 CATEGORY
AVERAGE
1.51
 
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.