NULC
Nuveen ESG Large-Cap ETF
The Nuveen ESG large-cap ETF tracks a multi-factor-weighted index of large-cap companies listed on US exchanges. Holdings are screened for environmental, social, and governance criteria.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
34.1 M
ASSETS UNDER MGMT
21 bp
EXPENSES
Fund Basics
| Fund sponsor | Nuveen |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 03, 2019 |
| Assets (mns) | $34 |
| Expense ratio | 21 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
| MICROSOFT CORP | 8.0 % |
| ALPHABET INC. CLASS A | 3.6 % |
| ELI LILLY & CO | 2.7 % |
| VISA INC. CLASS A | 2.1 % |
| ALPHABET INC. CLASS C | 2.0 % |
| MASTERCARD INCORPORATED CLASS A | 2.0 % |
| TESLA MOTORS INC | 1.8 % |
| S&P GLOBAL, INC. | 1.8 % |
| COSTCO WHOLESALE CORP | 1.7 % |
| COCA-COLA CO/THE | 1.7 % |
Constituent Breakdown
| Number of holdings | 123 |
| Herfindahl-Hirschman Index | 180 |
| Wgt avg mkt cap (mns) | $541,188 |
| Large cap (>$10bn) | 99.3% |
| Mid cap ($2-10bn) | 0.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.5% |
| Emerging mkts. | 1.5% |
Country Exposure
 |
UNITED STATES | 93.7 % |
 |
BRITAIN | 1.6 % |
 |
ARGENTINA | 1.3 % |
 |
IRELAND | 0.8 % |
 |
AUSTRALIA | 0.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 20.4% | 25.4% | 18.0% | 6.8% | 13.3% | -- | 13.9% | Volatility | 12.5% | 12.3% | 14.1% | 17.6% | 20.8% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.02 | 100% |
| MSCI EAFE | 0.87 | 73% |
| MSCI Emg Mkts | 0.63 | 38% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.10% |
| ADV of underlying (mns) | $112,817 |
Technical Indicators
| Recent close | $45.45 |
| 30d moving avg. | $48.35 |
| Annualized volatility | 17.8% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.7% |
| Short interest (underlying) | 1.9% |
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. NULC |
Expenses vs. NULC |
ALTAR Score™ vs. NULC |
|---|---|---|---|---|
| USSG | Xtrackers MSCI USA ESG Leaders Equity ETF | 46.6% | -11 bp | -0.3% |
| SUSL | iShares ESG MSCI USA Leaders ETF | 45.5% | -11 bp | -0.3% |
| SUSA | iShares MSCI USA ESG Select ETF | 43.3% | +4 bp | -0.4% |
| NULV | Nuveen ESG Large-Cap Value ETF | 42.2% | +5 bp | +1.7% |
| DSI | iShares MSCI KLD 400 Social ETF | 40.9% | +4 bp | -0.4% |
| IQSU | IQ Candriam U.S. Large Cap Equity ETF | 40.7% | -12 bp | -0.6% |
| SNPE | Xtrackers S&P 500 ESG ETF | 39.0% | -11 bp | -0.4% |
| OALC | OneAscent Large Cap Core ETF | 36.2% | +65 bp | -1.2% |
| ESGU | iShares ESG Aware MSCI USA ETF | 36.0% | -6 bp | -0.4% |
| JUST | Goldman Sachs JUST U.S. Large Cap Equity ETF | 35.8% | -1 bp | -0.6% |
Risk and Returns: NULC 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 12/18/2024
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
NULC
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™
NULC
5.6%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. NULC's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places NULC in the 49th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
NULCSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| NULC (21 bp) Percentile rank | 22 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| NULC | 21.0 | 10.3 | 31.3 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .