KLMN vs NULV: Grades, Fees and Holdings Compared

Invesco MSCI North America Climate ETF

KLMNANYSE Arca

Nuveen ESG Large-Cap Value

NULVBCboe

Overlap

25.0%by weight

Expense ratio

KLMN −0.17pt a year

KLMN0.09%NULV0.26%

Avg volume · 30D

KLMN 2.3×the volume

KLMN489KNULV213K

KLMN vs NULV Performance

Oct 31, 2025 – Oct 30, 2026

+11.7%KLMN+25.1%NULV

Expense ratio: KLMN 0.09%, better; NULV 0.26%
Fund size: KLMN $2.42B; NULV $2.6B
1Y total return: KLMN +11.7%; NULV +25.1%, better
Yield (12M): KLMN 1.17%; NULV 1.35%, better
Holdings: KLMN 275; NULV 128
Avg volume (30D): KLMN 489K sh, better; NULV 213K sh
NAV per share: KLMN $31.03; NULV $54.47
52W range

ETF.net Grade

Pillar letters and Scores for KLMN, NULV, with each pillar’s weight
Pillar	KLMN	NULV
Cost30% weight	A86Higher	C46
Mission25% weight	A100Higher	A74
Risk15% weight	B62	A84Higher
Tradability15% weight	A83Higher	A78
Holdings10% weight	B65Higher	B60
Durability5% weight	B58	A80Higher

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. KLMN and NULV are both graded against the same 47 US ESG & Values Index funds, so their Grades compare head to head.

US ESG & Values Index⁠

Category · 47 funds

See all 47 ›

KLMN ranks 1st and NULV 16th of 47 funds in the US ESG & Values Index Category.

Rank 1AKLMNInvesco MSCI North America Climate ETFScore 82
Rank 2AEFIVState Street SPDR S&P 500 ESG ETFScore 79
Rank 15BCVLCCalvert US Large-Cap Core Responsible Index ETFScore 67
Rank 16BNULVNuveen ESG Large-Cap ValueScore 66
Rank 17BPTLInspire 500 ETFScore 65

Our read on each fund

ETF.net Research

KLMNAInvesco MSCI North America Climate ETF

NULVBNuveen ESG Large-Cap Value

In short

KLMN No data

NULV Most ESG funds hand you the whole market with the worst offenders stripped out. NULV picks a lane: large-cap US value stocks that clear an ESG screen, tracking a TIAA index in a portfolio of roughly 100 names.

Stated mandate

KLMN No data

NULV The Fund seeks to track the investment results of the TIAA ESG USA Large-Cap Value Index before fees and expenses.

Why people hold it

KLMN No data

NULV A style-box slice, not a blend. It tracks the TIAA ESG USA Large-Cap Value Index, so the value tilt is the mandate rather than a byproduct of screening the market.
Roughly 100 stocks instead of a screened S&P 500, so the value screen actually shows up in what you own.
Trading since 2016 and now a billion-dollar-plus fund, so there is a real history here, not a launch-week ticker.
Plain vanilla plumbing: a 1940 Act index ETF with no leverage, no derivatives overlay, nothing exotic to monitor. It lands in the upper half of its ESG peer group in our review.

Worth knowing

KLMN No data

NULV At 0.26% a year, it costs more than the broad ESG index trackers at the top of this group, several of which sit under 0.15%. That is the toll for the value screen.
Distributions arrive once or twice a year, not quarterly or monthly.
The ESG screen sets the universe before the value ranking happens, so the holdings can look different from a conventional large-cap value index.

Full KLMN profile⁠

Full NULV profile⁠

KLMN vs NULV Holdings

How KLMN and NULV differ

Overlap by weight

25.0%

Shared holdings make up 83.1% of NULV and 25.5% of KLMN.

Level by level

Holdings79 in both25.0%
Countryby domicile94.9%
Asset classEquity100%

Sector

No Sector split for KLMN.

Country, concentration and asset class

Country by domicile

Country weights in KLMN and NULV, widest gap first
Country	More in KLMNMore in NULV	KLMN	NULV
United States	NULV +5.0 points	94.9%	99.9%
Canada	KLMN +4.4 points	4.4%	0.0%
Other countries (6)	KLMN +0.7 points	0.8%	0.1%

Concentration

Weight in the 10 largest Holdings

KLMN34.9%
NULV30.8%

Securities held

KLMN273
NULV127

Asset class

KLMN: Equity
NULV: Equity

Holdings

Only in KLMN194
In both79
Only in NULV48

Only in KLMN

194 securities, 74.5% of KLMN by weight

Apple Inc7.36%
NVIDIA Corp7.08%
Amazon.com Inc3.38%
Alphabet Inc2.63%
Broadcom Inc2.23%
Tesla Inc1.64%
Alphabet Inc1.61%
Eli Lilly & Co1.59%
Micron Technology Inc1.54%
Advanced Micro Devices Inc1.37%
JPMorgan Chase & Co1.35%
ExxonMobil Holdings Corp1.14%
Visa Inc1.07%
Johnson & Johnson1.04%
Mastercard Inc0.83%
Walmart Inc0.80%
Chevron Corp0.66%
Costco Wholesale Corp0.65%
Palantir Technologies Inc0.63%
Intel Corp0.60%
Applied Materials Inc0.56%
UnitedHealth Group Inc0.56%
Bank of America Corp0.53%
Lam Research Corp0.52%
Philip Morris International Inc0.51%
Palo Alto Networks Inc0.50%
General Electric Co0.50%
Royal Bank of Canada0.49%
Caterpillar Inc0.47%
Thermo Fisher Scientific Inc0.44%
Texas Instruments Inc0.44%
Amgen Inc0.43%
RTX Corp0.42%
Crowdstrike Holdings Inc0.40%
Wells Fargo & Co0.40%
Netflix Inc0.39%
KLA Corp0.38%
Toronto-Dominion Bank/The0.37%
GE Vernova Inc0.37%
Analog Devices Inc0.36%
Oracle Corp0.36%
Linde PLC0.35%
ConocoPhillips0.35%
Amphenol Corp0.34%
Shopify Inc0.34%
Arista Networks Inc0.34%
Abbott Laboratories0.33%
McDonald's Corp0.32%
Welltower Inc0.31%
QUALCOMM Inc0.31%

Only in NULV

48 securities, 16.8% of NULV by weight

Netapp, Inc.1.14%
Archer-Daniels-Midland Co1.09%
Cboe Global Markets Inc1.03%
Okta Inc0.99%
Steel Dynamics Inc0.91%
Royalty Pharma PLC0.81%
Eversource Energy0.71%
State Street Corp.0.63%
Centene Corp0.63%
F5 Inc0.54%
Sunbelt Rentals Holdings0.54%
West Pharmaceutical Serv0.54%
Centerpoint Energy Inc0.54%
Twilio Inc0.44%
Dollar General Corp.0.43%
Quest Diagnostics, Inc.0.41%
Ch Robinson Worldwide Inc0.40%
Steris PLC0.38%
Verisign Inc.0.37%
Bunge Global SA0.36%
Elevance Health Inc0.34%
Ferguson Enterprises Inc0.30%
Humana Incorporated0.30%
Roblox Corp0.27%
First Solar, Inc.0.26%
News Corp - A0.24%
Fidelity National Info0.23%
Fiserv, Inc.0.20%
Grainger W.w. Inc.0.19%
Fastenal Co.0.19%
Fifth Third Bancorp0.18%
Coeur Mining Inc0.16%
T. Rowe Price Group, Inc.0.13%
Smurfit Westrock PLC0.12%
Biogen Inc0.11%
Ast Spacemobile Inc0.11%
Dollar Tree Inc0.09%
M & T Bank Corp.0.09%
Ball Corporation0.08%
Expeditors Intl Wash Inc0.08%
Jacobs Solutions Inc0.06%
Copart Inc0.04%
Lpl Financial Holdings In0.03%
Zoetis Inc0.02%
Genuine Parts Co0.02%
Ares Management Corp0.02%
Incyte Corp0.02%
Regions Financial Corp.<0.01%

Weight gaps

All 79 Holdings in both funds, largest gap first.

Holding weights in KLMN and NULV, widest gap first
Holding	More in KLMNMore in NULV	KLMN	NULV
Microsoft CorpMSFT	NULV +5.67 points	5.39%	11.06%
Meta Platforms IncMETA	NULV +2.25 points	1.99%	4.24%
Coca-Cola Co/TheKO	NULV +1.73 points	0.62%	2.35%
Cisco Systems IncCSCO	NULV +1.69 points	0.68%	2.37%
NXP Semiconductors NVNXPI	NULV +1.46 points	0.14%	1.60%
Pfizer IncPFE	NULV +1.43 points	0.32%	1.75%
Travelers Cos Inc/TheTRV	NULV +1.40 points	0.18%	1.58%
Citigroup IncC	NULV +1.39 points	0.35%	1.74%
AbbVie IncABBV	NULV +1.35 points	0.79%	2.14%
Morgan StanleyMS	NULV +1.32 points	0.37%	1.69%
Hewlett Packard Enterprise CoHPE	NULV +1.30 points	0.18%	1.48%
Honeywell International IncHON	NULV +1.27 points	0.14%	1.41%
ONEOK IncOKE	NULV +1.26 points	0.16%	1.42%
Procter & Gamble Co/ThePG	NULV +1.26 points	0.61%	1.87%
SLB LtdSLB	NULV +1.26 points	0.19%	1.45%
Gilead Sciences IncGILD	NULV +1.23 points	0.35%	1.58%
Bank of New York Mellon Corp/TheBNY	NULV +1.21 points	0.21%	1.42%
PNC Financial Services Group Inc/ThePNC	NULV +1.16 points	0.17%	1.33%
Exelon CorpEXC	NULV +1.12 points	0.15%	1.27%
Equinix IncEQIX	NULV +1.11 points	0.19%	1.30%
Cardinal Health IncCAH	NULV +1.06 points	0.14%	1.20%
Verizon Communications IncVZ	NULV +1.04 points	0.32%	1.36%
Union Pacific CorpUNP	NULV +1.05 points	0.30%	1.35%
Deere & CoDE	NULV +1.02 points	0.30%	1.32%
Parker-Hannifin CorpPH	NULV +1.01 points	0.23%	1.24%
3M CoMMM	NULV +0.99 points	0.20%	1.19%
Goldman Sachs Group Inc/TheGS	NULV +1.00 points	0.44%	1.44%
Baker Hughes CoBKR	NULV +0.99 points	0.14%	1.13%
Eaton Corp PLCETN	NULV +0.98 points	0.30%	1.28%
S&P Global IncSPGI	NULV +0.92 points	0.27%	1.19%
Ecolab IncECL	NULV +0.89 points	0.23%	1.12%
Accenture PLCACN	NULV +0.88 points	0.28%	1.16%
International Business Machines CorpIBM	NULV +0.83 points	0.36%	1.19%
Prologis IncPLD	NULV +0.81 points	0.24%	1.05%
Progressive Corp/ThePGR	NULV +0.78 points	0.23%	1.01%
Target CorpTGT	NULV +0.76 points	0.14%	0.90%
Edwards Lifesciences CorpEW	NULV +0.67 points	0.13%	0.80%
Merck & Co IncMRK	NULV +0.67 points	0.58%	1.25%
SempraSRE	NULV +0.63 points	0.11%	0.74%
Marsh & McLennan Cos IncMRSH	NULV +0.62 points	0.24%	0.86%
Danaher CorpDHR	NULV +0.62 points	0.25%	0.87%
PPG Industries IncPPG	NULV +0.61 points	0.17%	0.78%
Intercontinental Exchange IncICE	NULV +0.60 points	0.18%	0.78%
Cigna Group/TheCI	NULV +0.59 points	0.13%	0.72%
Salesforce IncCRM	NULV +0.56 points	0.34%	0.90%
Johnson Controls International plcJCI	NULV +0.47 points	0.22%	0.69%
Keurig Dr Pepper IncKDP	NULV +0.44 points	0.13%	0.57%
AT&T IncT	NULV +0.44 points	0.26%	0.70%
Stryker CorpSYK	NULV +0.41 points	0.17%	0.58%
Keysight Technologies IncKEYS	NULV +0.38 points	0.16%	0.54%
United Rentals IncURI	NULV +0.34 points	0.15%	0.49%
Digital Realty Trust IncDLR	NULV +0.34 points	0.13%	0.47%
Kenvue IncKVUE	NULV +0.33 points	0.10%	0.43%
American Express CoAXP	NULV +0.32 points	0.32%	0.64%
Comcast CorpCMCSA	NULV +0.32 points	0.17%	0.49%
Synopsys IncSNPS	NULV +0.29 points	0.16%	0.45%
US BancorpUSB	NULV +0.28 points	0.17%	0.45%
Home Depot Inc/TheHD	NULV +0.26 points	0.54%	0.80%
Allstate Corp/TheALL	NULV +0.18 points	0.14%	0.32%
Automatic Data Processing IncADP	NULV +0.18 points	0.26%	0.44%
Apollo Global Management IncAPO	NULV +0.17 points	0.10%	0.27%
Blackrock IncBLK	KLMN +0.16 points	0.30%	0.14%
CSX CorpCSX	NULV +0.14 points	0.20%	0.34%
DuPont de Nemours IncDD	NULV +0.12 points	0.11%	0.23%
PayPal Holdings IncPYPL	KLMN +0.11 points	0.12%	0.01%
American Tower CorpAMT	NULV +0.10 points	0.19%	0.29%
Willis Towers Watson PLCWTW	KLMN +0.07 points	0.13%	0.06%
T-Mobile US IncTMUS	KLMN +0.06 points	0.14%	0.08%
Kraft Heinz Co/TheKHC	NULV +0.06 points	0.12%	0.18%
Hershey Co/TheHSY	NULV +0.05 points	0.07%	0.12%
Agilent Technologies IncA	NULV +0.04 points	0.17%	0.21%
Vertex Pharmaceuticals IncVRTX	KLMN +0.03 points	0.23%	0.20%
Intuit IncINTU	NULV +0.04 points	0.16%	0.20%
Sherwin-Williams Co/TheSHW	KLMN +0.04 points	0.16%	0.12%
Sysco CorpSYY	KLMN +0.03 points	0.13%	0.10%
Xylem Inc/NYXYL	KLMN +0.02 points	0.10%	0.08%
Yum! Brands IncYUM	KLMN +0.01 points	0.12%	0.11%
Walt Disney Co/TheDIS	KLMN +0.01 points	0.34%	0.33%
CBRE Group IncCBRE	Same weight	0.10%	0.10%

All 273 KLMN holdings⁠All 128 NULV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

KLMN vs NULV Cost

Overpaying NULV vs KLMN

$3,460

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

KLMN 0.09%
$1,898
NULV 0.26%
$5,358

Amount$10,000

Years30 years

Cost over time

KLMN 0.09%
NULV 0.26%
Overpaying

Year by year

Year	KLMN	NULV	Overpaying
10	$165	$473	$308
20	$646	$1,838	$1,192
30	$1,898	$5,358	$3,460

Expense ratio

0.09%KLMN, cheaper
0.26%NULV

KLMN0.09%NULV0.26%

0.08%0.95%

Middle half of US ESG & Values Index funds
Median 0.25%

KLMN 3rd cheapest of 47 funds

NULV 25th cheapest of 47 funds

KLMN vs NULV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): KLMN 1.17%; NULV 1.35%, better
Payout (12M): KLMN $0.36; NULV $0.74
Last payment: KLMN $0.08; NULV $0.74
Ex-dividend: KLMN Sep 21, 2026; NULV Dec 18, 2025
Paid on: KLMN Sep 25, 2026; NULV Dec 19, 2025
Frequency: KLMN Quarterly; NULV Annual

Distribution history

Per share, 2017 to 2026, same scale for both

KLMNQuarterly · 7 paymentsAll KLMN payments⁠

NULVAnnual · 9 paymentsAll NULV payments⁠

KLMN vs NULV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: KLMN 12.5%since Jan 2025NULV 12.5%
Return per unit of riskSharpe ratio, 3 years: KLMN 0.83since Jan 2025NULV 1.25
Worst fallMax drawdown, 5 years: KLMN −18.5%since Dec 2024NULV −21.5%
Market sensitivityBeta, 5 years: KLMN 1.02NULV 0.82; Market = 1

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