NUDM
Nuveen ESG International Developed Markets Equity ETF
The NuShares ESG International Developed Markets Equity ETF tracks an index of large- and midcap developed market stocks that score highly on environmental, social, and governance criteria. The index is optimized for marketlike risk and return characteris
International
EQUITY
Rules-Based
MANAGEMENT STYLE
420.4 M
ASSETS UNDER MGMT
31 bp
EXPENSES
Fund Basics
| Fund sponsor | Nuveen |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 06, 2017 |
| Assets (mns) | $420 |
| Expense ratio | 31 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ASML HOLDING NV | 2.7 % |
| NOVO NORDISK A/S-B | 2.6 % |
| NOVARTIS AG | 2.4 % |
| SAP AG | 2.4 % |
| SONY CORP | 2.3 % |
| SCHNEIDER ELECTRIC SA | 2.1 % |
| UNILEVER PLC | 2.0 % |
| MIZUHO FINANCIAL GROUP INC | 1.8 % |
| ABB LTD. | 1.7 % |
| TOKIO MARINE HOLDINGS INC | 1.6 % |
Constituent Breakdown
| Number of holdings | 155 |
| Herfindahl-Hirschman Index | 123 |
| Wgt avg mkt cap (mns) | $77,329 |
| Large cap (>$10bn) | 88.6% |
| Mid cap ($2-10bn) | 11.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 23.5 % |
 |
BRITAIN | 14.6 % |
 |
FRANCE | 11.1 % |
 |
SWITZERLAND | 9.4 % |
 |
GERMANY | 9.3 % |
 |
AUSTRALIA | 7.4 % |
 |
NETHERLANDS | 3.4 % |
 |
ITALY | 3.0 % |
 |
SPAIN | 2.9 % |
 |
SWEDEN | 2.9 % |
Historical Performance
Standardized Performance (as of 12/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -1.3% | -1.3% | 7.8% | -0.5% | 3.7% | -- | 4.2% | Volatility | 13.4% | 13.2% | 14.7% | 17.0% | 19.9% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.90 | 72% |
| MSCI EAFE | 1.05 | 97% |
| MSCI Emg Mkts | 0.88 | 69% |
Liquidity Measures
| Avg. volume (000) | 80 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.39% |
| ADV of underlying (mns) | $8,961 |
Technical Indicators
| Recent close | $31.12 |
| 30d moving avg. | $31.34 |
| Annualized volatility | 18.5% |
| Relative strength (RSI) | 38 |
| Short interest (ETF) | 0.5% |
| 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. NUDM |
Expenses vs. NUDM |
ALTAR Score™ vs. NUDM |
|---|---|---|---|---|
| EASG | Xtrackers MSCI EAFE ESG Leaders Equity ETF | 41.2% | -17 bp | -0.3% |
| ESGD | iShares ESG Aware MSCI EAFE ETF | 38.8% | -11 bp | +0.2% |
| DMXF | iShares ESG Advanced MSCI EAFE ETF | 34.9% | -19 bp | -1.1% |
| IQSI | IQ Candriam International Equity ETF | 34.6% | -16 bp | -0.1% |
| EFAX | SPDR MSCI EAFE Fossil Fuel Free ETF | 32.3% | -11 bp | -0.3% |
| CEFA | Global X S&P Catholic Values Developed ex-US ETF | 31.4% | +4 bp | -0.1% |
| BBEU | JPMorgan BetaBuilders Europe ETF | 31.3% | -22 bp | +0.3% |
| FENI | Fidelity Enhanced International ETF | 31.2% | -3 bp | +1.4% |
| EFG | iShares MSCI EAFE Growth ETF | 30.9% | +5 bp | -2.4% |
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 30.6% | +15 bp | -0.2% |
Risk and Returns: NUDM 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 1/22/2025
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
NUDM
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
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™
NUDM
6.4%
Cat. Avg
7.1%
ALTAR Score™ Calculation
Category Overview
There are 262 funds in the International Equity category, with an average ALTAR Score™
of 7.1% and a standard deviation of
2.6%. NUDM's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places NUDM in the 39th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
NUDMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| NUDM (31 bp) Percentile rank | 32 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| NUDM | 31.0 | 39.0 | 70 |
| Peer Avg. | 42.5 | 22.7 | 65.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .