NUMV
Nuveen ESG Mid-Cap Value ETF
📎 Investment Objective
The Nuveen ESG Mid-Cap Value ETF (NUMV) seeks to track the investment results of an index composed of mid-capitalization U.S. companies that have been selected based on their environmental, social, and governance (ESG) characteristics.
Overview
ETF tracking Nuveen ESG Mid-Cap Value ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Nuveen ESG Mid-Cap Value ETF (NUMV) seeks to track the investment results of an index composed of mid-capitalization U.S. companies that have been selected based on their environmental, social, and governance (ESG) characteristics.
🎯 Investment Strategy
The ETF seeks to replicate the performance of the TIAA ESG USA Mid-Cap Value Index, which is designed to provide exposure to mid-cap U.S. companies that exhibit positive ESG characteristics as determined by TIAA's proprietary ESG scoring methodology. The index excludes companies involved in certain business activities deemed inconsistent with ESG principles.
✨ Key Features
- Focuses on mid-cap U.S. companies with positive ESG characteristics
- Tracks the TIAA ESG USA Mid-Cap Value Index
- Expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Concentration risk as the fund is focused on mid-cap stocks
- Potential for underperformance compared to the broader mid-cap market if ESG factors do not translate to superior financial performance
- Limited liquidity and trading volume due to the fund's small asset size
- Tracking error risk as the fund may not perfectly replicate the performance of its underlying index
👤 Best For
The Nuveen ESG Mid-Cap Value ETF may be suitable for investors seeking exposure to mid-cap U.S. stocks with a focus on companies exhibiting positive environmental, social, and governance characteristics. It may be appropriate as a core or satellite holding in a diversified portfolio, particularly for investors with a long-term investment horizon and interest in sustainable investing.