Nuveen Short-Term REIT ETF
ALTAR
Score™
7.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
25.6x P/Sales
ratio
5.7x
P/BV
ratio
1.7x Div.
yield
3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The NuShares Short-Term REIT ETF tracks an index composed of U.S. REITs that typically have shorter-term lease durations than average.

FUND BASICS
Category US Equities
Fund Sponsor Nuveen
Website www.nuveen.com
Inception date Dec 19, 2016
Assets (mns) $52
Currency USD
Expense ratio 35 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 35
Wgt avg mkt cap (mns) $10,891
Large cap (>$10bn) 51.3%
Mid cap ($2-10bn) 35.2%
Small cap (<$2bn) 13.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
INVITATION HOMES, INC. 5.5 %
AMERICAN HOMES 4 RENT- A 5.4 %
EQUITY LIFESTYLE PROPERTIES 5.3 %
SUN COMMUNITIES INC 5.2 %
CAMDEN PROPERTY TRUST 5.2 %
MID-AMERICA APARTMENT COMM 5.2 %
PUBLIC STORAGE 5.1 %
UDR INC 5.1 %
EXTRA SPACE STORAGE INC 5.0 %
EQUITY RESIDENTIAL 5.0 %
Total 51.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.5 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-23.4% -19.1% -- -- 1.1%

Market Correlations
versus... Beta R-squared
S&P500 0.83 56%
MSCI EAFE 0.87 54%
MSCI Emg. Mkts. 0.57 37%

Technical Indicators
Recent close $23.43
30d moving avg. $23.69
Annualized volatility 18.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 16
Turnover 0.7%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $2,969

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: NURE Expense: 35 bp ALTAR Score™: 7.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH NURE
Ticker Fund
Name
Overlap1
vs NURE
(%)
Expense
ratio
(bp)
Savings
vs NURE
(bp)
ALTAR
Score™
(%)
ALTAR
vs NURE
(%)
REZ iShares Residential Real Estate Capped ETF 60.0 48 -13 6.2 -1.0
RWR SPDR Dow Jones REIT ETF 32.9 25 10 7.4 +0.2
ICF iShares Cohen & Steers REIT ETF 30.2 34 1 6.0 -1.3
EWRE Invesco S&P 500 Equal Weight Real Estate ETF 28.2 40 -5 6.9 -0.3
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 27.9 11 24 7.4 +0.1
FRI First Trust S&P REIT Index Fund 27.8 50 -15 7.0 -0.2
USRT iShares Core U.S. REIT ETF 27.6 8 27 7.4 +0.2
PPTY PPTY-U.S. Diversified Real Estate ETF 25.6 53 -18 6.4 -0.8
HOMZ Hoya Capital Housing ETF 24.1 45 -10 7.8 +0.6
RORE Hartford Multifactor REIT ETF 23.2 45 -10 15.2 +8.0
GQRE FlexShares Global Quality Real Estate Index Fund 22.6 45 -10 6.9 -0.3
SCHH Schwab U.S. REIT ETF 22.0 7 28 6.6 -0.6
PSR Invesco Active U.S. Real Estate Fund 21.2 35 0 6.2 -1.0
GRI ALPS REIT Dividend Dogs ETF 21.1 35 0 16.5 +9.3
FREL Fidelity MSCI Real Estate Index ETF 21.0 8 27 6.6 -0.6
IYR iShares U.S. Real Estate ETF 20.3 42 -7 6.5 -0.7
REET iShares Global REIT ETF 20.3 14 21 7.4 +0.2
RWO SPDR Dow Jones Global Real Estate ETF 20.0 50 -15 7.0 -0.2
XLRE The Real Estate Select Sector SPDR Fund 18.6 13 22 5.6 -1.7
VNQ Vanguard REIT Index Fund 18.4 12 23 6.6 -0.6
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 16.6 60 -25 7.2 0.0
ROOF IQ US Real Estate Small Cap ETF 9.9 70 -35 11.6 +4.4
LGLV SPDR Russell 1000 Low Volatility ETF 9.0 12 23 5.7 -1.5
MILN Global X Millennials Thematic ETF 7.3 50 -15 2.5 -4.7
CZA Invesco Zacks Mid-Cap ETF 7.2 76 -41 6.4 -0.8
JKG iShares Morningstar Mid-Cap ETF 7.1 25 10 5.6 -1.6
QDIV Global X S&P 500 Quality Dividend ETF 6.7 20 15 7.7 +0.5
VRAI Virtus Real Asset Income ETF 5.7 55 -20 11.3 +4.1
PSCF Invesco S&P SmallCap Financials ETF 5.3 29 6 11.6 +4.4
IYF iShares U.S. Financials ETF 4.8 42 -7 7.2 -0.0
BOSS Global X Founder-Run Companies ETF 4.7 45 -10 3.7 -3.5
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 4.2 35 0 5.5 -1.8
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 4.0 20 15 4.7 -2.5
IWS iShares Russell Mid-Cap Value ETF 3.9 24 11 7.3 +0.1
LSLT Salt Low truBeta US Market ETF 3.8 29 6 6.1 -1.1
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 3.8 75 -40 6.0 -1.2
QLV FlexShares US Quality Low Volatility Index Fund 3.7 22 13 4.9 -2.3
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 3.7 30 5 9.8 +2.6
INDS Pacer Benchmark Industrial Real Estate SCTR ETF 3.7 60 -25 4.2 -3.0
VOT Vanguard Mid-Cap Growth Index Fund 3.4 7 28 3.5 -3.7
KNOW Direxion All Cap Insider Sentiment Shares 3.3 66 -31 5.0 -2.2
DON WisdomTree U.S. MidCap Dividend Fund 3.3 38 -3 7.8 +0.6
USMV iShares Edge MSCI Min Vol USA ETF 3.3 15 20 5.5 -1.7
PVAL Principal Contrarian Value Index ETF 3.2 29 6 10.2 +3.0
NUMV Nuveen ESG Mid-Cap Value ETF 3.0 40 -5 7.8 +0.6
DHS WisdomTree U.S. High Dividend Fund 2.9 38 -3 8.7 +1.5
LVHD Legg Mason Low Volatility High Dividend ETF 2.9 27 8 8.9 +1.6
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 2.9 15 20 6.9 -0.3
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 2.9 20 15 7.7 +0.5
FNK First Trust Mid Cap Value AlphaDEX Fund 2.8 70 -35 10.4 +3.2
ONEV SPDR Russell 1000 Low Volatility Focus ETF 2.8 20 15 7.1 -0.1
JKJ iShares Morningstar Small-Cap ETF 2.8 25 10 6.8 -0.4
SCIU Global X Scientific Beta US ETF 2.7 19 16 5.9 -1.4
QDEF FlexShares Quality Dividend Defensive Index Fund 2.7 37 -2 5.9 -1.3
XMLV Invesco S&P MidCap Low Volatility ETF 2.7 25 10 5.6 -1.6
XMMO Invesco S&P MidCap Momentum ETF 2.6 39 -4 4.7 -2.5
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 2.6 60 -25 5.4 -1.8
VO Vanguard Mid-Cap Index Fund 2.5 4 31 5.5 -1.7
IWR iShares Russell Midcap ETF 2.5 19 16 5.7 -1.5
PXSG Invesco S&P SmallCap Momentum ETF 2.5 39 -4 5.1 -2.1
AFLG First Trust Active Factor Large Cap ETF 2.3 55 -20 5.6 -1.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 2.3 9 26 6.0 -1.3
MXDU Nationwide Maximum Diversification US Core Equity ETF 2.3 34 1 5.0 -2.3
IUSS Invesco Strategic US Small Company ETF 2.3 23 12 5.6 -1.7
SCHM Schwab U.S. Mid-Cap ETF 2.3 4 31 6.3 -0.9
FNDA Schwab Fundamental U.S. Small Co. Index ETF 2.3 25 10 6.8 -0.4
LRGF iShares Edge MSCI Multifactor USA ETF 2.3 20 15 7.5 +0.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 2.2 4 31 5.8 -1.4
REVS Columbia Research Enhanced Value ETF 2.2 19 16 7.9 +0.6
RYJ Invesco Raymond James SB-1 Equity ETF 2.2 82 -47 3.5 -3.7
LVUS Hartford Multifactor Low Volatility US Equity ETF 2.1 19 16 6.1 -1.1
FVD First Trust Value Line Dividend Index Fund 2.1 70 -35 6.5 -0.8
SPLV Invesco S&P 500 Low Volatility ETF 2.1 25 10 5.8 -1.4
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 2.1 60 -25 3.4 -3.8
OUSA O'Shares FTSE US Quality Dividend ETF 2.1 48 -13 5.8 -1.4
ONEY SPDR Russell 1000 Yield Focus ETF 2.0 20 15 9.4 +2.2
MDYV SPDR S&P 400 Mid Cap Value ETF 1.9 15 20 8.8 +1.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.9 7 28 5.5 -1.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 1.9 15 20 8.7 +1.5
IJJ iShares S&P Mid-Cap 400 Value ETF 1.9 25 10 8.7 +1.5
RVRS Reverse Cap Weighted U.S. Large Cap ETF 1.9 29 6 8.3 +1.1
FYT First Trust Small Cap Value AlphaDEX Fund 1.9 72 -37 9.7 +2.5
CSD Invesco S&P Spin-Off ETF 1.9 62 -27 6.5 -0.7
SIZE iShares Edge MSCI USA Size Factor ETF 1.9 15 20 6.4 -0.8
AFSM First Trust Active Factor Small Cap ETF 1.9 75 -40 5.8 -1.5
EUSA iShares MSCI USA Equal Weighted ETF 1.9 15 20 6.4 -0.8
VXF Vanguard Extended Market Index Fund 1.8 7 28 3.8 -3.4
FNX First Trust Mid Cap Core AlphaDEX Fund 1.8 61 -26 6.5 -0.7
NULV Nuveen ESG Large-Cap Value ETF 1.8 35 0 7.5 +0.2
FLLV Franklin Liberty U.S. Low Volatility ETF 1.8 29 6 5.9 -1.3
VBK Vanguard Small-Cap Growth Index Fund 1.8 7 28 2.5 -4.8
VFLQ Vanguard U.S. Liquidity Factor ETF 1.7 14 21 4.8 -2.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 1.7 30 5 6.6 -0.6
RSP Invesco S&P 500 Equal Weight ETF 1.7 20 15 6.8 -0.4
RNLC Large Cap US Equity Select ETF 1.7 60 -25 6.3 -0.9
OSCV Opus Small Cap Value Plus ETF 1.7 79 -44 5.6 -1.6
RNMC Mid Cap US Equity Select ETF 1.7 60 -25 7.8 +0.6
IJS iShares S&P Small-cap 600 Value ETF 1.7 25 10 9.4 +2.2
JHMM John Hancock Multifactor Mid Cap ETF 1.7 42 -7 5.9 -1.4
AFMC First Trust Active Factor Mid Cap ETF 1.7 65 -30 6.4 -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 Short-Term REIT ETF
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 12.4 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.69 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.