Nuveen ESG Mid-Cap Value ETF: A Smart Beta Option for Mid-Cap Value Investors

Nuveen ESG Mid-Cap Value ETF (NUMV) debuted in 2016 and offers broad exposure to the Style Box - Mid Cap Value category. The ETF tracks the TIAA ESG USA Mid-Cap Value Index and has $396.66 million in assets. Its expense ratio is 0.31%, and it has a 12-month trailing dividend yield of 1.65%. The fund has a heaviest allocation to the Industrials sector, with United Rentals Inc. (URI) accounting for 2.42% of total assets.

Title: Nuveen ESG Mid-Cap Value ETF (NUMV) Performance and Allocations

The Nuveen ESG Mid-Cap Value ETF (NUMV) has been a notable player in the mid-cap value space since its debut in 2016. As of July 2, 2025, the ETF manages $396.66 million in assets and tracks the TIAA ESG USA Mid-Cap Value Index. With an expense ratio of 0.31%, NUMV offers investors broad exposure to mid-cap value stocks that meet specific environmental, social, and governance (ESG) criteria.

NUMV's 12-month trailing dividend yield stands at 1.65%, providing a modest income stream for investors. The fund's heaviest allocation is to the Industrials sector, with United Rentals Inc. (URI) accounting for 2.42% of total assets. This allocation reflects URI's robust performance, driven by disciplined capital allocation, high free cash flow, and strategic expansion into high-margin construction and industrial niches [3].

The ETF's top holdings include Oneok Inc. (OKE) at 2.64%, United Rentals Inc. (URI) at 2.53%, and Ferguson Enterprises Inc. (FERG) at 2.47%. These holdings contribute to NUMV's sector diversification, with significant exposure to Basic Materials, Consumer Cyclical, Energy, Financial Services, Healthcare, and Industrials sectors [1].

In terms of performance, NUMV has shown strong returns over the past year, with a 1-year return of 18.53%. This performance can be attributed to the fund's focus on ESG criteria and its ability to identify undervalued mid-cap stocks with strong fundamentals. However, investors should be aware of potential risks, such as margin compression and integration challenges faced by URI, which could impact the fund's overall performance.

Overall, Nuveen ESG Mid-Cap Value ETF (NUMV) offers a compelling investment option for those seeking exposure to mid-cap value stocks with a focus on ESG criteria. Its strong performance and sector diversification make it a worthy consideration for investors looking to align their portfolios with sustainable investing principles.

References:
1. [1] https://money.usnews.com/funds/etfs/mid-cap-value/nuveen-esg-mid-cap-value-etf/numv
2. [2] https://money.usnews.com/funds/mutual-funds/large-blend/tiaa-cref-equity-index-fund/tiqrx/holdings
3. [3] https://www.ainvest.com/news/united-rentals-resilience-sustaining-stock-outperformance-margin-pressures-2508/