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NUEM

GradeBChicago Board Options Exchange

Nuveen ESG Emerging Markets Equity ETF

Factor & Screened Index · Nuveen · Inception 2017-06-06 · SEC filings

$43.17−0.70 (−1.59%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 29 prints from 43.87 to 43.17. Range 42.88 to 43.59. Use the arrow keys to read each point.$43.00$43.40$43.6010 AM12 PM2 PM4 PM
Expense ratio
0.36%
Fund size
$438M
1Y return
+27.6%
Yield · Last 12 months
2.90%
Holdings
198
Volume · 30D
0M sh
NAV per share
$43.33
52W range
low $33.47high $44.66

The ETF.net NUEM Grade

B

63/ 100

Rank 7 of 12 in Emerging Markets ESG & Values Index⁠

Confidence Medium

Six-pillar profile for NUEM. Scores out of 100: Cost 46, Risk 50, Mission 100, Tradability 50, Holdings not scored, Durability 68. Strongest: Mission (100). Weakest: Cost (46). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 63 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 46
    Category rank7/12 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank7/10 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 50
    Category rank7/12 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 50
    Category rank6/12 · top 50%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 68
    Category rank5/12 · top 42%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on NUEM

ETF.net Research

BMost ESG emerging-market funds license an MSCI screen. NUEM runs TIAA's own index instead, cutting to roughly 190 names rather than shaving a few off the broad benchmark.

Stated mandate

The fund seeks to track, before fees and expenses, the TIAA ESG Emerging Markets Equity Index. That index consists of listed equity securities and related depositary receipts from emerging-market countries whose issuers meet specified ESG criteria.

Why people hold it

  1. 01Tracks the TIAA ESG Emerging Markets Equity Index, an in-house rulebook, while the biggest names in the group (ESGE, LDEM, EEMX) all run MSCI screens.
  2. 02Roughly 190 stocks, so the ESG screen actually bites: a filtered slice of emerging markets, not the whole index with a light green tint.
  3. 03Running since 2017, and its holdings line up with the ESG emerging-markets mandate spelled out in its prospectus. No mission drift.

Worth knowing

  1. 01At 0.36% the fee sits at the middle of this group, above LDEM at 0.16% and ESGE at 0.25%.
  2. 02Thinly traded, so bid-ask spreads can widen and the fill on a market order can sit away from the fund's underlying value.
  3. 03Distributions arrive once or twice a year, not monthly.

NUEM Holdings

As of Sep 20, 2026, 6:24 AM
Asset class
Stocks
Holdings
198
Top-10 weight
40%
Largest holding
2330.TW16.6%

Sectors

  • Technology38.2%
  • Financials19.2%
  • Consumer Discr.10.7%
  • Industrials7.7%
  • Communication7.1%
  • Materials7.0%
  • Energy3.3%
  • Health Care2.9%
  • Utilities1.7%
  • Cons. Staples1.6%
  • Real Estate0.6%

Geography

  • Taiwan (Province of China)42.71%
  • China24.87%
  • Korea (the Republic of)17.85%
  • South Africa4.12%
  • Hong Kong3.07%
  • Poland2.19%
  • India1.11%
  • Mexico1.10%
  • Other countries (8)2.98%

Developed 4% · Emerging 96% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 13.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0012330.TWTAIWAN SEMICONDUCTOR MANU16.63%930,564$72M175
002000660.KSSK HYNIX INC7.49%24,155$32M184
0030700.HKTENCENT HOLDINGS LTD2.87%232,615$12M153
0042303.TWUNITED MICROELECTRONICS C2.09%1,845,194$9M112
0052308.TWDELTA ELECTRONICS INC2.03%161,390$9M154
0060939.HKCHINA CONSTRUCTION BANK C2.02%7,172,336$9M106
007—SK SQUARE CO LTD1.89%10,516$8M2
0080992.HKLENOVO GROUP LTD1.79%1,623,435$8M115
009009150.KSSAMSUNG ELECTRO-MECHANICS1.68%7,232$7M112
0101398.HKINDUSTRIAL & COMMERCIAL B1.66%7,532,227$7M100
0112882.TWCATHAY FINANCIAL HOLDING1.64%2,037,370$7M103
0123017.TWASIA VITAL COMPONENTS CO1.59%64,000$7M103
013006400.KSSAMSUNG SDI CO LTD1.55%17,143$7M91
014—AXIS BANK LTD1.40%461,851$6M4
0152059.TWKING SLIDE WORKS CO LTD1.25%13,783$5M91

Showing 1–15 of 195 holdings

NUEM Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

NUEM$12,758
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. NUEM $12,758. SPY $11,723. Use the arrow keys to read each point.$9,267$11,184$13,102Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for NUEM. Periods over one year show the average yearly return.
PeriodNUEM
Year to date+23.3%
1 month+4.1%
3 months−0.6%
1 year+27.6%
3 years+21.5%per year
5 years+7.7%per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for NUEM
YearReturn barNUEM
2026 YTD+23.3%
2025+27.1%
2024+9.8%
2023+8.5%
2022−19.7%
2021−1.1%
2020+24.1%

NUEM in the news

ETF.net Research hasn’t filed on NUEM yet — coverage lands here as it’s written.

NUEM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
2.90%Last 12 months
Payout per share
$1.27Last 12 months
Last payment
$1.27 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.18; Dec 26, 2018 $0.49; Dec 27, 2019 $0.54; Dec 17, 2020 $0.42; Dec 16, 2021 $0.79; Dec 15, 2022 $0.48; Dec 14, 2023 $0.64; Dec 18, 2024 $0.57; Dec 18, 2025 $1.27. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 18, 2025Dec 19, 2025$1.27
Dec 18, 2024Dec 19, 2024$0.57
Dec 14, 2023Dec 18, 2023$0.64
Dec 15, 2022Dec 19, 2022$0.48
Dec 16, 2021Dec 20, 2021$0.79
Dec 17, 2020Dec 21, 2020$0.42
Dec 27, 2019Dec 31, 2019$0.54
Dec 26, 2018Dec 31, 2018$0.49
Dec 26, 2017Dec 29, 2017$0.18

NUEM Risk

How much the fund’s monthly returns vary, scaled to a year.
14.1%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.04
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−34.9%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.04
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

NUEM Cost

Expense ratio0.36%
  • The middle half of Emerging Markets ESG & Values Index funds
  • Median 0.33%

6 of the 12 Emerging Markets ESG & Values Index funds charge less.

NUEM costs $36.00 a year on $10,000. The median Emerging Markets ESG & Values Index fund costs $33.00.