Nuveen ESG Mid-Cap Value ETF

Nuveen ESG Mid-Cap Value ETF (NUMV) is an index fund that holds about 95 mid-sized U.S. value stocks. Each one has passed MSCI's environmental, social and governance (ESG) screens. Those screens remove companies in tobacco, alcohol, gambling, weapons and nuclear power, along with heavy carbon emitters. The trade-off is cost. Its 0.31% expense ratio is the highest of the seven similar funds compared, where the average is 0.16%.

• Over the year to Oct 27, 2026, NUMV returned +17.2%, 5th of 7 among similar funds.
• Its 5-year annualized return was +7.1%.
• Its worst full calendar year was 2022 (-14.9%); its best was 2021 (+31.1%).
• The deepest fall in its price history was 25.6% (Jan 4, 2022 to Oct 27, 2023), recovered by Jul 16, 2024.

As of Jul 31, 2026, the fund held 94 securities; the ten largest made up 21.68% of assets.

By sector

• Over the three months to Jul 31, 2026, investors withdrew a net $15.6M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +2.58%, +2.30%, +1.48%.

NUMV tracks the Nuveen ESG USA Mid-Cap Value Index. MSCI builds and controls that index, and Nuveen has no say in which stocks go in. The starting pool is the MSCI USA Mid-Cap Value Index. That index holds mid-sized U.S. companies that look cheap on three measures: book value to price, expected earnings over the next 12 months relative to price, and dividend yield. As of December 31, 2025, those companies ranged from $274.1 million to $68.3 billion in float-adjusted market value. Float-adjusted means only shares available to public investors are counted.

MSCI ESG Research scores each company against its industry peers. It looks at things like climate change, waste, treatment of employees and suppliers, product safety and business ethics. The index removes companies with significant alcohol, tobacco, nuclear power, gambling or weapons businesses, as well as those over certain carbon limits. The remaining companies are ranked within their sector. The highest scorers are added until they reach half of that sector's market value in the starting index. The index then adjusts weights so its sector mix roughly matches the starting index.

The fund aims to own every index stock in about the same proportions, and it keeps at least 80% of its assets in them. The index is rebalanced every quarter, in February, May, August and November. Portfolio turnover was 63%. The fund held no derivatives as of July 31, 2026.

• NUMV charges 0.31% a year, versus an average of 0.16% for the similar funds below (7th of 7, cheapest first).
• Of that, 0.3% is the management fee; the rest covers other fund expenses.
• Using the prospectus's standard example, $10,000 invested would cost about $32 in the first year and $393 over 10 years (assuming a 5% annual return).

It adds an ESG-screened slice of mid-sized U.S. value companies next to a core fund, but its swings and above-average cost point to a supporting role.

NUMV could add mid-sized value companies such as Hewlett Packard Enterprise and United Rentals, its two largest holdings as of July 31, 2026, to a portfolio built around large companies. It has been bumpy. Its worst calendar year was 2022, when it fell 14.86%. Its worst quarter was a 33.26% drop in early 2020. Its deepest decline, 25.6%, ran from January 4, 2022 to October 27, 2023. It did not regain that peak until July 16, 2024. Anyone selling shares to cover spending during that stretch would have sold at a loss. The fund launched in 2016, so it has no 2008 record.

It is not an income fund. The trailing yield was 1.33% as of October 27, 2026, paid once a year. In the SEC's standard $10,000 example, costs come to $32 in the first year and $393 over ten years. Past results don't predict future ones, and a plan should look at the whole portfolio, not one fund.

Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).