Nuveen ESG Mid-Cap Value ETF
ALTAR
Score™
9.4% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
14.8x P/Sales
ratio
1.2x
P/BV
ratio
1.4x Div.
yield
3.4%


  • 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) $86
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 82
Wgt avg mkt cap (mns) $10,342
Large cap (>$10bn) 47.5%
Mid cap ($2-10bn) 52.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MARVELL TECHNOLOGY GROUP LTD 3.3 %
AMCOR PLC 2.6 %
ARTHUR J GALLAGHER & CO 2.6 %
ALEXANDRIA REAL ESTATE EQUIT 2.5 %
INTL FLAVORS & FRAGRANCES 2.5 %
TIFFANY & CO 2.5 %
CMS ENERGY CORP 2.4 %
DUKE REALTY CORP 2.3 %
GARMIN LTD 2.2 %
QUEST DIAGNOSTICS 2.1 %
Total 25.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 88.3 %
BERMUDA 5.1 %
BRITAIN 3.3 %
SWITZERLAND 2.2 %
IRELAND 0.8 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-25.0% -18.1% -- -- -0.6%

Market Correlations
versus... Beta R-squared
S&P500 1.17 86%
MSCI EAFE 1.24 84%
MSCI Emg. Mkts. 0.91 70%

Technical Indicators
Recent close $22.60
30d moving avg. $21.86
Annualized volatility 21.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 47
Turnover 1.2%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $9,795

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Nuveen ESG Mid-Cap Value ETF 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™: 9.4%


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 Index Fund 24.5 7 33 8.6 -0.8
JKI iShares Morningstar Mid-Cap Value ETF 19.1 30 10 10.6 +1.1
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 17.9 25 15 7.9 -1.6
ESGS Columbia Sustainable U.S. Equity Income ETF 17.0 35 5 9.6 +0.2
RVRS Reverse Cap Weighted U.S. Large Cap ETF 16.3 29 11 7.9 -1.5
QDIV Global X S&P 500 Quality Dividend ETF 16.2 20 20 8.8 -0.7
JKG iShares Morningstar Mid-Cap ETF 16.0 25 15 6.6 -2.8
DON WisdomTree U.S. MidCap Dividend Fund 15.3 38 2 8.5 -1.0
ONEY SPDR Russell 1000 Yield Focus ETF 15.1 20 20 9.2 -0.2
TPHD Timothy Plan High Dividend Stock ETF 14.7 52 -12 7.9 -1.6
IWS iShares Russell Mid-Cap Value ETF 14.2 24 16 7.9 -1.5
VO Vanguard Mid-Cap Index Fund 14.0 4 36 5.9 -3.5
SPYD SPDR S&P 500 High Dividend ETF 13.4 7 33 10.9 +1.5
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 13.2 20 20 8.3 -1.2
EWRE Invesco S&P 500 Equal Weight Real Estate ETF 12.8 40 0 7.9 -1.6
FRI First Trust S&P REIT Index Fund 12.7 50 -10 7.8 -1.6
USRT iShares Core U.S. REIT ETF 12.7 8 32 8.2 -1.2
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 12.5 11 29 8.2 -1.2
PMOM Principal Sustainable Momentum Index ETF 12.4 29 11 11.1 +1.7
JHMM John Hancock Multifactor Mid Cap ETF 12.2 44 -4 6.3 -3.2
ONEV SPDR Russell 1000 Low Volatility Focus ETF 11.8 20 20 7.6 -1.8
RCD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 11.5 40 0 9.0 -0.5
IYR iShares U.S. Real Estate ETF 11.3 42 -2 7.2 -2.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 11.1 24 16 6.5 -2.9
NULV Nuveen ESG Large-Cap Value ETF 11.1 35 5 7.9 -1.5
XLRE The Real Estate Select Sector SPDR Fund 11.0 13 27 6.1 -3.4
SLT Salt TruBeta High Exposure ETF 10.9 29 11 7.7 -1.7
EUSA iShares MSCI USA Equal Weighted ETF 10.9 15 25 6.6 -2.9
HUSV First Trust Horizon Managed Volatility Domestic ETF 10.9 70 -30 5.6 -3.9
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 10.8 30 10 6.6 -2.9
DTN WisdomTree U.S. Dividend ex-Financials Fund 10.8 38 2 8.4 -1.0
RSP Invesco S&P 500 Equal Weight ETF 10.7 20 20 7.5 -1.9
SIZE iShares Edge MSCI USA Size Factor ETF 10.5 15 25 6.5 -3.0
PSR Invesco Active U.S. Real Estate Fund 10.4 35 5 6.8 -2.6
LRGF iShares Edge MSCI Multifactor USA ETF 10.2 20 20 7.4 -2.1
FREL Fidelity MSCI Real Estate Index ETF 10.1 8 32 7.3 -2.1
ONEO SPDR Russell 1000 Momentum Focus ETF 9.9 20 20 7.1 -2.3
SPYB SPDR S&P 500 Buyback ETF 9.9 35 5 10.2 +0.8
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 9.9 30 10 10.2 +0.7
SCIU Global X Scientific Beta US ETF 9.7 19 21 6.2 -3.3
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 9.7 49 -9 11.3 +1.8
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 9.7 20 20 10.7 +1.2
RNDV US Equity Dividend Select ETF 9.6 50 -10 8.6 -0.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 9.5 17 23 7.1 -2.4
JHMA John Hancock Multifactor Materials ETF 9.5 40 0 7.5 -2.0
RYF Invesco S&P 500 Equal Weight Financials ETF 9.4 40 0 10.8 +1.4
IWR iShares Russell Midcap ETF 9.4 19 21 6.2 -3.3
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 9.3 35 5 9.2 -0.2
JDIV JPMorgan U.S. Dividend ETF 9.2 12 28 8.7 -0.7
REET iShares Global REIT ETF 9.1 14 26 8.2 -1.2
SPHB Invesco S&P 500 High Beta ETF 9.0 25 15 11.5 +2.1
VNQ Vanguard REIT Index Fund 8.9 12 28 7.3 -2.2
SCHM Schwab U.S. Mid-Cap ETF 8.8 4 36 6.9 -2.6
ICF iShares Cohen & Steers REIT ETF 8.8 34 6 6.6 -2.9
KIE SPDR S&P Insurance ETF 8.8 35 5 10.3 +0.9
TPLC Timothy Plan US Large Cap Core ETF 8.7 52 -12 5.9 -3.6
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 8.6 17 23 7.4 -2.0
PPTY PPTY-U.S. Diversified Real Estate ETF 8.5 53 -13 7.1 -2.4
VALQ American Century STOXX U.S. Quality Value ETF 8.5 29 11 9.6 +0.2
SCHH Schwab U.S. REIT ETF 8.5 7 33 8.5 -1.0
RNLC Large Cap US Equity Select ETF 8.5 60 -20 6.8 -2.7
RWR SPDR Dow Jones REIT ETF 8.5 25 15 8.3 -1.2
PVAL Principal Contrarian Value Index ETF 8.5 29 11 8.2 -1.3
RPV Invesco S&P 500 Pure Value ETF 8.3 35 5 12.5 +3.1
FXO First Trust Financials AlphaDEX Fund 8.2 63 -23 13.5 +4.1
GQRE FlexShares Global Quality Real Estate Index Fund 8.2 45 -5 8.3 -1.2
AUSF Global X Adaptive U.S. Factor ETF 8.1 27 13 8.9 -0.5
SPVM Invesco S&P 500 Value with Momentum ETF 7.9 39 1 10.3 +0.9
FTA First Trust Large Cap Value AlphaDEX Fund 7.9 60 -20 10.4 +0.9
USDY Pacific Global US Equity Income ETF 7.8 29 11 8.5 -0.9
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 7.8 25 15 6.3 -3.2
LSLT Salt Low truBeta US Market ETF 7.7 0 40 7.6 -1.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 7.7 29 11 7.2 -2.2
SPLV Invesco S&P 500 Low Volatility ETF 7.7 25 15 6.0 -3.5
XLB Materials Select Sector SPDR Fund 7.7 13 27 6.4 -3.1
ROUS Hartford Multifactor US Equity ETF 7.7 19 21 7.7 -1.8
SPGP Invesco S&P 500 GARP ETF 7.7 35 5 7.9 -1.5
FCTR First Trust Lunt U.S. Factor Rotation ETF 7.6 65 -25 5.9 -3.5
PY Principal Shareholder Yield Index ETF 7.5 29 11 10.3 +0.8
DVY iShares Select Dividend ETF 7.5 39 1 8.7 -0.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 7.5 9 31 6.4 -3.1
IAK iShares U.S. Insurance ETF 7.5 43 -3 10.7 +1.3
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 7.5 60 -20 8.0 -1.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 7.4 35 5 6.3 -3.1
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 7.3 35 5 9.2 -0.2
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 7.2 35 5 7.0 -2.4
RGI Invesco S&P 500 Equal Weight Industrials ETF 7.1 40 0 6.7 -2.8
CZA Invesco Zacks Mid-Cap ETF 7.1 76 -36 6.9 -2.6
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 7.0 60 -20 5.7 -3.8
FNK First Trust Mid Cap Value AlphaDEX Fund 7.0 70 -30 12.3 +2.9
JHMF John Hancock Multifactor Financials ETF 7.0 40 0 8.4 -1.1
SUSA iShares MSCI USA ESG Select ETF 7.0 25 15 5.1 -4.4
FAB First Trust Multi Cap Value AlphaDEX Fund 7.0 71 -31 10.9 +1.5
FCPI Fidelity Stocks for Inflation ETF 6.9 29 11 7.2 -2.2
MAGA Point Bridge GOP Stock Tracker ETF 6.9 72 -32 7.0 -2.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 6.9 19 21 6.7 -2.8
MXDU Nationwide Maximum Diversification US Core Equity ETF 6.8 34 6 5.6 -3.9
VLUE iShares Edge MSCI USA Value Factor ETF 6.7 15 25 11.9 +2.5
ACWF iShares FactorSelect MSCI Global ETF 6.7 35 5 8.6 -0.8

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

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.4 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 9.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.52
 
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.