NuShares ESG Small-Cap
ALTAR
Score™
5.2% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
20.8x P/Sales
ratio
1.1x
P/BV
ratio
2.0x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The NuShares ESG Small-Cap ETF tracks a multi-factor-weighted index of small-cap companies listed on US exchanges. Holdings are screened for environmental, social, and governance criteria.

FUND BASICS
Category US Equities
Fund Sponsor Nuveen
Website www.nuveen.com
Inception date Dec 13, 2016
Assets (mns) $169
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 633
Wgt avg mkt cap (mns) $3,983
Large cap (>$10bn) 3.8%
Mid cap ($2-10bn) 69.0%
Small cap (<$2bn) 27.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BROWN & BROWN INC 1.0 %
BOOZ ALLEN HAMILTON HOLDINGS 1.0 %
FIRST AMERICAN FINANCIAL 1.0 %
VICI PROPERTIES INC 0.9 %
STARWOOD PROPERTY TRUST INC 0.9 %
SERVICE CORP INTERNATIONAL 0.9 %
BRIGHT HORIZONS FAMILY SOLUT 0.7 %
GENERAC HOLDINGS INC 0.7 %
ENTEGRIS INC 0.7 %
WEX INC 0.7 %
Total 8.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.7 %
BERMUDA 0.6 %
NETHERLANDS 0.4 %
CAYMAN ISLANDS 0.3 %
PUERTO RICO 0.3 %
BRITAIN 0.2 %
IRELAND 0.2 %




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.
20.1% 9.2% -- -- 8.6%

Market Correlations
versus... Beta R-squared
S&P500 1.15 83%
MSCI EAFE 1.01 52%
MSCI Emg. Mkts. 0.67 37%

Technical Indicators
Recent close $29.91
30d moving avg. $29.53
Annualized volatility 15.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 27
Turnover 0.5%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $13,869

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: NUSC Expense: 40 bp ALTAR Score™: 5.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH NUSC
Ticker Fund
Name
Overlap1
vs NUSC
(%)
Expense
ratio
(bp)
Savings
vs NUSC
(bp)
ALTAR
Score™
(%)
ALTAR
vs NUSC
(%)
ESML iShares MSCI USA Small-Cap ESG Optimized 53.7 17 23 4.9 -0.3
PBSM Invesco PureBeta MSCI USA Small Cap 38.6 6 34 5.3 +0.1
SCHA Schwab U.S. Small-Cap 33.1 4 36 5.1 -0.0
VB Vanguard Smallcap ETF 32.8 5 35 5.7 +0.5
SPMD SPDR Portfolio Mid Cap 32.3 5 35 6.3 +1.2
SPSM SPDR Portfolio Small Cap 31.3 5 35 4.6 -0.5
IWM iShares Russell 2000 29.8 19 21 3.8 -1.3
IJH iShares Core S&P MidCap 29.1 7 33 6.4 +1.3
EWMC Invesco S&P Mid Cap 400 Equal Weight 29.1 40 0 6.8 +1.6
MDY S&P MidCap 400 SPDR 29.1 24 16 6.2 +1.1
VTWO Vanguard Russell 2000 28.9 15 25 3.8 -1.3
VBK Vanguard Small-Cap Growth ETF 28.8 7 33 2.9 -2.2
VBR Vanguard Small-Cap Value ETF 28.7 7 33 7.8 +2.7
IVOO Vanguard S&P Mid-Cap 400 28.5 15 25 6.3 +1.2
EZM WisdomTree Midcap Earnings 27.0 38 2 7.8 +2.7
ISMD Inspire Small/Mid Cap Impact 26.8 61 -21 4.8 -0.4
VXF Vanguard Extended Market 26.8 7 33 3.5 -1.7
FSMD Fidelity Small-Mid Factor ETF 26.7 29 11 6.6 +1.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity 26.7 20 20 5.9 +0.7
IUSS Invesco Strategic US Small Company 26.2 23 17 6.4 +1.2

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 Small-Cap
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 10.4 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 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.