What is NULV?

NULV tracks an index of US large-cap value stocks that score highly on environmental, social, and governance (ESG) criteria. The fund is weighted using a multi-factor optimizer.

PERFORMANCE [as of 03/23/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
NULV -6.39% -5.57% -5.43% -12.16% 18.63% 5.69% --
NULV (NAV) -6.33% -5.53% -5.41% -12.10% 18.75% 6.16% --
TIAA ESG USA Large-Cap Value Index -6.34% -5.49% -5.37% -11.92% 19.16% 6.50% --
MSCI USA Large Cap Value -5.00% -5.09% -5.19% -7.63% 20.99% 7.54% 8.99%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

NULV Factset Analytics Insight

NULV aims to invest in the most socially responsible firms while still providing reasonably market-like exposure to value stocks. The index selects large-cap stocks from the MSCI USA Value Index (the parent index), which itself selects value stocks according to price/book, forward price/earnings, and dividend yield. From there, NULV screens out companies involved in controversial businesses, such as alcohol, weapons, nuclear power, and gambling. Companies that exceed carbon emissions thresholds are also excluded. The remaining firms are scored on ESG factors, and the highest scoring firms within each sector (top 50% by market cap) are selected for inclusion in the index. The portfolio is weighted according to a multi-factor optimization algorithm, which tries to minimize any risk and return distortions created by the fund’s ESG screen. The index is rebalanced and reconstituted quarterly starting each February.

NULV Summary Data

12/13/16
0.26%
$1.54B
MSCI USA Large Cap Value
Open-Ended Fund

Peers

MSCI USA Large Cap Value

Fund Flows

+$0.00B 5 Days
+$0.03B 30 Days
+$0.09B 90 Days

NULV Portfolio Data

$106.23B
16.41
2.78
2.25%
N/A
99

NULV Index Data

Multi-Factor
Principles-based
MSCI USA Large Cap Value

NULV Portfolio Management

0.26%
-0.21%
-0.15%
-0.35%

NULV Tax Exposures

20.00% / 39.60%
1.15%
Qualified dividends
No

NULV Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/24/23

This measurement shows how easy it is to trade a $1 million USD block of NULV. NULV is rated a 5 out of 5.

NULV Tradability

217,737
$7.52M
181,141
$6.34M
0.05%
$0.02
0.02%
0.17% / -0.22%
None
100.00%
50,000
3.62
0.03%
0.01%
0
$32.39
5

NULV Sector/Industry Breakdown

NULV Segment
Benchmark
21.61% --
11.66% --
10.44% --
10.33% --
6.66% --
6.23% --
5.20% --
4.67% --
3.80% --
3.73% --

NULV Performance Statistics

0.98
1.06
1.04
1.07
0.18%
MSCI USA Large Cap Value

NULV Countries

NULV Segment
Benchmark
100.00% 100.00%

NULV Regions

NULV Segment
Benchmark
100.00% 100.00%

NULV Economic Development

NULV Segment
Benchmark
100.00% 100.00%
0.00% 0.00%

NULV Benchmark Comparison Holdings

99
191
64
34.81%

NULV Benchmark Comparison Summary

NULV Segment
Benchmark
99 191
$106.23B $187.43B
16.41 15.71
2.78 2.82
2.59% 2.56%
Low Low

NULV Benchmark Comparison Market Cap Size

NULV Segment
Benchmark
96.70% 100.00%
3.05% 0.00%
0.00% 0.00%
0.00% 0.00%