NTZG
Nuveen Global Net Zero Transition ETF
NTZG is an actively managed portfolio of companies around the world that are positioned to contribute to the transition of the global economy to net zero carbon emissions.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
6.6 M
ASSETS UNDER MGMT
56 bp
EXPENSES
Fund Basics
| Fund sponsor | Nuveen Investments, Inc. |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 23, 2022 |
| Assets (mns) | $7 |
| Expense ratio | 56 bp |
| Currency | CAD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| AMAZON.COM INC | 5.1 % |
| MICROSOFT CORP | 4.4 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 3.6 % |
| ALPHABET INC. CLASS A | 3.4 % |
| SCHNEIDER ELECTRIC SA | 3.0 % |
| NOVO NORDISK A/S-B | 2.9 % |
| LINDE PLC | 2.4 % |
| WAL-MART STORES INC | 2.3 % |
| TRANE TECHNOLOGIES PLC | 2.1 % |
| COSTCO WHOLESALE CORP | 1.9 % |
Constituent Breakdown
| Number of holdings | 72 |
| Herfindahl-Hirschman Index | 193 |
| Wgt avg mkt cap (mns) | $494,329 |
| Large cap (>$10bn) | 96.4% |
| Mid cap ($2-10bn) | 3.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 89.8% |
| Emerging mkts. | 10.2% |
Country Exposure
 |
UNITED STATES | 55.2 % |
 |
FRANCE | 8.2 % |
 |
BRITAIN | 7.0 % |
 |
TAIWAN | 6.6 % |
 |
JAPAN | 4.9 % |
 |
AUSTRALIA | 3.3 % |
 |
DENMARK | 2.9 % |
 |
GERMANY | 2.4 % |
 |
IRELAND | 2.1 % |
 |
CANADA | 1.5 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -- | -- | -- | -- | -- | -- | -- | Volatility | 11.7% | 11.5% | 13.1% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 97% |
| MSCI EAFE | 0.85 | 87% |
| MSCI Emg Mkts | 0.64 | 62% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.25% |
| ADV of underlying (mns) | $41,247 |
Technical Indicators
| Recent close | $32.94 |
| 30d moving avg. | $32.62 |
| Annualized volatility | 15.7% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. NTZG |
Expenses vs. NTZG |
ALTAR Score™ vs. NTZG |
|---|---|---|---|---|
| RFFC | ALPS Active Equity Opportunity ETF | 27.4% | -8 bp | -0.2% |
| FSST | Fidelity Sustainable U.S. Equity ETF | 26.1% | +3 bp | -2.2% |
| USCL | iShares Climate Conscious & Transition MSCI USA ETF | 26.0% | -48 bp | +0.4% |
| IOO | iShares Global 100 ETF | 25.3% | -15 bp | +0.2% |
| FDMO | Fidelity Momentum Factor ETF | 25.2% | -41 bp | -0.6% |
| USCA | Xtrackers MSCI USA Climate Action Equity ETF | 24.7% | -49 bp | +0.4% |
| DYNF | BlackRock U.S. Equity Factor Rotation ETF | 24.6% | -26 bp | +0.2% |
| XLG | Invesco S&P 500 Top 50 ETF | 24.4% | -36 bp | -0.2% |
| MGC | Vanguard Mega Cap ETF | 24.3% | -49 bp | +0.3% |
| OEF | iShares S&P 100 ETF | 24.2% | -36 bp | +0.1% |
Risk and Returns: NTZG vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/22/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
NTZG
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
NTZG
4.6%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 375 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. NTZG's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places NTZG in the 54th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
NTZGSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| NTZG (56 bp) Percentile rank | 52 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| NTZG | 56.0 | 25.2 | 81.2 |
| Peer Avg. | 51.4 | 32.7 | 84.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .