 NuShares
ESG Mid-Cap Value ETF (NUMV) is an exchange-traded fund that invests
in mid-cap value companies in the U.S. equity market while targeting
companies with positive environmental, social, and governance (ESG)
characteristics. The fund seeks to track the investment results of the
TIAA ESG USA Mid-Cap Value Index, which uses a rules-based approach to
select mid-cap value stocks based on their ESG ratings.
NUMV is
managed by Nuveen, one of the largest investment managers in the
world, and was launched in September 2018. The ETF has an expense
ratio of 0.35%, which is slightly higher than the average expense
ratio for ETFs with similar investment strategies.
As of March
2023, the ETF holds 292 stocks with a median market capitalization of
$7.9 billion. The top three sectors in the fund are financials,
industrials, and utilities. The largest individual holdings include
AmerisourceBergen Corporation, Fidelity National Information Services,
and Discover Financial Services.
Investors in NUMV may be
attracted to the fund's focus on mid-cap value stocks with strong ESG
characteristics. Additionally, the ETF's diversification across
sectors and individual holdings may provide investors with a level of
risk mitigation. However, investors should be aware of the ETF's
relatively high expense ratio compared to other similar ETFs, which
could impact overall returns. As with all investments, it is important
to conduct thorough research and consider individual financial goals
and risk tolerance before investing in NUMV or any other ETF.
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