NUMV vs SNPE

NUMVCNuveen ESG Mid-Cap Value

SNPEAXtrackers S&P 500 Scored & Screened ETF

In short

NUMV Most ESG funds are the S&P 500 with the worst offenders stripped out. NUMV works a narrower lane: US mid-cap value stocks, screened for ESG, controversial business involvement and carbon, in an index it has tracked since 2016.

SNPE The S&P 500 with roughly 200 names screened out, for 0.10% a year. SNPE keeps the plumbing of a plain core index fund and lets S&P's rules, not a stock picker, decide who stays in the basket.

Stated mandate

NUMV The Fund seeks to track the performance of a U.S. mid-cap value index before fees and expenses. The index applies ESG criteria to its eligible equity securities.

SNPE The fund seeks investment results that generally correspond, before fees and expenses, to the performance of its underlying index.

Why people hold it

• NUMV The ESG aisle is crowded with large-cap blend. NUMV takes the mid-cap value corner, applying its screens to a mid-cap value parent index instead of a megacap benchmark.sec.gov
• Screens reach past ESG scores into controversial business involvement and low-carbon criteria, with the index rebalanced quarterly.nuveen.com
• Trading since 2016, early for an ESG index fund, and spread across roughly 100 mid-caps rather than a short list of names.
• Shareholder reports show the fund against both its custom ESG index and the unscreened MSCI USA Mid-Cap Value base index, so the cost of the screens is visible.sec.gov

• SNPE A 0.10% expense ratio puts it in the cheap seats of the screened-index crowd, alongside XVV (0.08%) and ESGV (0.09%) and well under the group's typical fee.
• Plain index plumbing: it aims to match the S&P 500 Scored & Screened Index before fees, and it has hugged that mandate closely.
• Roughly 300 stocks, so the screen actually bites. Around 200 S&P 500 members are cut outright rather than quietly trimmed.
• A multi-billion-dollar Xtrackers fund running since 2019 with steady daily volume and quarterly payouts. Not a thin, untested launch.

Worth knowing

• NUMV At 0.31% a year, it charges more than the typical fund in its ESG peer group and roughly triple the screened S&P 500 trackers like ESGV and XVV.
• Volume is light next to the headline ESG funds, so spreads and order size matter more here.
• Dividends arrive once or twice a year rather than quarterly.

• SNPE Cutting ~200 names concentrates what's left. The megacap leaders of the parent index end up carrying even more weight here.
• The screens are S&P's, not yours. They are rules-based and reapplied at each rebalance, so the roster can shift without warning.
• Not the outright cheapest option in the group: XVV and ESGV shave a basis point or two off the fee.

Full NUMV profile⁠

Full SNPE profile⁠