Key stats
About Nuveen ESG Dividend ETF
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Inception date
Sep 27, 2021
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
Primary advisor
Nuveen Fund Advisors LLC
Distributor
Nuveen Securities LLC
NUDV aims to invest in high dividend paying companies that meet certain ESG criteria, selected from its parent index, the MSCI USA Index. The funds underlying index screens for companies that have higher dividend yields than the parent index. After that, the index uses ESG criteria to exclude companies involved in controversial businesses, such as alcohol, weapons, nuclear power, and gambling. Companies that exceed carbon emissions thresholds are also excluded. The remaining firms are scored on ESG factors, and the highest scoring firms within each sector are selected for inclusion in the fund. The portfolio is weighted according to a multi-factor optimization algorithm that aims to keep holdings and performance similar to the parent index. The index is rebalanced and reconstituted quarterly starting each February.
Classification
What's in the fund
Exposure type
Finance
Producer Manufacturing
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.