NUMVNuveen ESG Mid-Cap Value ETF
NUMV Fund Description
NUMV tracks an index of US midcap value stocks that score highly on environmental, social, and governance (ESG) criteria. The fund weighting uses a multi-factor optimizer.
NUMV Factset Analytics Insight
NUMV aims to invest in the most socially responsible companies while still providing reasonably market-like exposure to midcap value stocks. The index takes its holdings from the MSCI USA Mid-Cap Value Index (the parent index), which selects value stocks according to price/book, forward price/earnings, and dividend yield. From there, NUMV 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 that aims to keep holdings and performance similar to the parent index. The index is rebalanced and reconstituted quarterly starting each February. Sibling fund NULV applies the same strategy to US large caps.
NUMV MSCI ESG Analytics Insight
Nuveen ESG Mid-Cap Value ETF has an MSCI ESG Fund Rating of AA based on a score of 7.64 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Nuveen ESG Mid-Cap Value ETF ranks in the 81st percentile within its peer group and in the 98th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
NUMV MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
NUMV Summary Data
NUMV Portfolio Data
NUMV Index Data
NUMV Portfolio Management
NUMV Tax Exposures
NUMV Fund Structure
NUMV Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of NUMV. NUMV is rated a 5 out of 5.
NUMV Top 10 Holdings[View All]
NUMV Economic Development
NUMV Performance Statistics
NUMV MSCI ESG Ratings
NUMV Benchmark Comparison Summary
NUMV Benchmark Comparison Market Cap Size