Symbols

NUDM

Nuveen ESG International Developed Markets Equity ETF·CBOE

--(--)

Key Stats

Assets Under Management

665.21MUSD

Fund Flows (1Y)

61.84MUSD

Dividend Yield

6.96%

Discount/Premium to NAV

-0.34%

Shares Outstanding

17.30M

Expense Ratio

0.28%

About Nuveen ESG International Developed Markets Equity ETF

Issuer

Nuveen Securities

Brand

Nuveen

Home Page

https://www.nuveen.com/en-us/exchange-traded-funds/nudm-nuveen-esg-international-developed-markets-equity-etf

Inception Date

Jun 6, 2017

Structure

Open-Ended Fund

Index Tracked

Nuveen ESG International Developed Markets Equity Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Nuveen Fund Advisors LLC

Distributor

Nuveen Securities LLC

NUDM screens for firms with positive ESG aspects in the developed markets ex-NA space. Index construction starts with a selection universe from its base index — MSCI EAFE Index, which it trims down by applying a series of ESG screens. The screens attempt to capture different facets of ESG, such as compliance with international laws, relations with employees, and carbon emissions. The screens also exclude certain controversial businesses such as alcohol, tobacco, gambling, and weapons. The remaining firms are scored on ESG factors, and the top scoring firms within each sector (the top 50% by market cap) are selected for inclusion in the fund. NUDM's portfolio is weighted by a multifactor optimizer that tries to minimize any risk and return distortions created by the fund's ESG screen. The portfolio is rebalanced and reconstituted quarterly. NUEM is a sibling fund with an emerging markets exposure.