NuShares ESG Mid-Cap Value
ALTAR
Score™
7.4% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
14.9x P/Sales
ratio
1.4x
P/BV
ratio
1.8x Div.
yield
2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The NuShares ESG Mid-Cap Value ETF tracks an index of US midcap value stocks that score highly on environmental, social, and governance criteria. The fund is optimized to keep risk and return characteristics in line with the midcap value market.

FUND BASICS
Category US Equities
Fund Sponsor Nuveen
Website www.nuveen.com
Inception date Dec 13, 2016
Assets (mns) $57
Currency USD
Expense ratio 40 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 84
Wgt avg mkt cap (mns) $12,291
Large cap (>$10bn) 57.6%
Mid cap ($2-10bn) 42.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EVERSOURCE ENERGY 2.5 %
MARVELL TECHNOLOGY GROUP LTD 2.1 %
GENUINE PARTS CO 2.1 %
MID-AMERICA APARTMENT COMM 2.1 %
INTL FLAVORS & FRAGRANCES 2.1 %
GARMIN LTD 2.1 %
ARTHUR J GALLAGHER & CO 2.1 %
WESTERN UNION CO 2.0 %
ARCH CAPITAL GROUP LTD 2.0 %
CMS ENERGY CORP 2.0 %
Total 21.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.9 %
BERMUDA 4.2 %
SWITZERLAND 2.1 %
BRITAIN 1.7 %
IRELAND 1.0 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
24.0% 13.5% -- -- 8.2%

Market Correlations
versus... Beta R-squared
S&P500 0.98 80%
MSCI EAFE 0.96 63%
MSCI Emg. Mkts. 0.65 47%

Technical Indicators
Recent close $30.23
30d moving avg. $29.45
Annualized volatility 13.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.4%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $8,903

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: NUMV Expense: 40 bp ALTAR Score™: 7.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH NUMV
Ticker Fund
Name
Overlap1
vs NUMV
(%)
Expense
ratio
(bp)
Savings
vs NUMV
(bp)
ALTAR
Score™
(%)
ALTAR
vs NUMV
(%)
VOE Vanguard Mid-Cap Value 27.1 7 33 7.6 +0.2
JKI iShares Morningstar Mid Cap Value 22.8 30 10 8.6 +1.2
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 18.9 25 15 7.6 +0.2
SPYD SPDR Portfolio S&P 500 High Dividend 18.8 7 33 9.1 +1.7
RVRS Reverse Cap Weighted US Large Cap 18.6 29 11 7.9 +0.5
TPHD Timothy Plan High Dividend Stock 18.2 52 -12 6.7 -0.7
ESGS Columbia Sustainable U.S. Equity Income 17.0 35 5 8.3 +0.9
DON WisdomTree Midcap Dividend 17.0 38 2 7.0 -0.4
VO Vanguard Mid-Cap ETF 16.5 4 36 5.8 -1.6
ONEY SPDR Russell 1000 Yield Focus 16.4 20 20 8.3 +0.9
IWS iShares Russell Midcap Value 15.8 24 16 7.0 -0.4
RPV Invesco S&P 500 Pure Value ETF 15.6 35 5 9.7 +2.3
OMFL Oppenheimer Russell 1000 Dynamic Multifactor 15.2 29 11 9.5 +2.1
QDIV Global X S&P 500 Quality Dividend 15.1 20 20 7.0 -0.4
JKG iShares Morningstar MidCap Core 14.9 25 15 6.1 -1.3
SPDV AAM S&P 500 High Dividend Value 14.2 29 11 10.7 +3.2
RCD Invesco S&P Equal Weight Consumer Discretionary 14.1 40 0 8.4 +1.0
CZA Invesco Mid-Cap Core 13.8 76 -36 6.1 -1.3
JHMM John Hancock Multifactor Mid Cap 13.7 44 -4 5.9 -1.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity 13.6 24 16 6.1 -1.3

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

  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

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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 Mid-Cap Value
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.0 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 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.