ETF Evaluator:
Nuveen ESG Intl Dev Mkts Eq ETF ()
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(as of Aug 26)
Best Performing in Foreign Large Blend Over the Last Year
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ETF Details
Nuveen ESG Intl Dev Mkts Eq ETF Overview
Nuveen ESG Intl Dev Mkts Eq ETF (NUDM) is a passively managed International Equity Foreign Large Blend exchange-traded fund (ETF). Nuveen launched the ETF in 2017.
The investment seeks to track the investment results, before fees and expenses, of the TIAA ESG International Developed Markets Equity Index (the "index").
In seeking to track the investment results of the index, the advisor attempts to replicate the index by investing all, or substantially all, of its assets in the securities represented in the index in approximately the same proportions as the index. The index identifies equity securities from the base index that satisfy certain ESG criteria, based on ESG performance data collected by MSCI ESG Research, Inc.
About Nuveen ESG Intl Dev Mkts Eq ETF (NUDM)
There are 3 members of the management team with an average tenure of 4.47 years: Philip Campagna (2017), Darren Tran (2024) and Nazar Romanyak (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI EAFE NR USD index with a weighting of 100% and Nuveen ESG Intl DM Equity NR USD index with a weighting of 100%. Nuveen ESG Intl Dev Mkts Eq ETF has 152 securities in its portfolio. The top 10 holdings constitute 22.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is considered to have an ESG focus with its investment selection and management.
Nuveen ESG Intl Dev Mkts Eq ETF is part of the Equity global asset class and is within the International Equity ETF group. Nuveen ESG Intl Dev Mkts Eq ETF has 98.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.1% There is 98.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Nuveen ESG Intl Dev Mkts Eq ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $707 million in total assets, which is below the $9 billion average for the Foreign Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
NUDM Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Nuveen ESG Intl Dev Mkts Eq ETF expense ratio is below average compared to funds in the Foreign Large Blend category. Nuveen ESG Intl Dev Mkts Eq ETF has an expense ratio of 0.27%, which is 32% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Nuveen ESG Intl Dev Mkts Eq ETF has a portfolio turnover rate of 58%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 38% for the Foreign Large Blend category.
Recently, in the month of July 2026, Nuveen ESG Intl Dev Mkts Eq ETF returned 1.4%, which earned it a grade of C, as the Foreign Large Blend category had an average return of 1.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Nuveen ESG Intl Dev Mkts Eq ETF has a trailing yield of 4.86%, which is above the 2.56% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Nuveen ESG Intl Dev Mkts Eq ETF Grades
Year to date, the ETF has returned 11.6%, 0.5 percentage points worse than the category, which translates into a grade of C. The fund has returned 24.5% over the past year (grade of C), 16.2% over the past three years (grade of C) and 9.2% per year over the past five years (grade of C).
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NUDM Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NUDM Return (NAV) | 1.4% | 6.1% | 24.5% | 16.2% | 9.2% | na |
| NUDM Return (Price) | 1.0% | 6.0% | 24.6% | 16.1% | 9.1% | na |
| NAV +/- Price Return | 0.379% | 0.107% | -0.074% | 0.122% | 0.132% | na |
| Foreign Large Blend Avg | 1.1% | 4.4% | 25.0% | 16.4% | 9.2% | 9.3% |
| NUDM Grade (NAV) | C | A | C | C | C | na |
| +/- Category (NAV) | 0.3% | 1.8% | -0.6% | -0.2% | -0.0% | na |
| NUDM Tax-Cost Ratio | na | na | 2.2% | 1.6% | 1.5% | na |
NUDM Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NUDM Return (NAV) | 11.6% | 29.3% | 5.6% | 17.9% | -15.1% | 10.2% | 10.7% | 24.3% | -14.6% | na | na |
| NUDM Return (Price) | 11.6% | 29.5% | 5.6% | 17.7% | -15.1% | 10.6% | 10.1% | 24.6% | -14.9% | na | na |
| NAV +/- Price Ret | 0.001% | 0.006% | -0.001% | -0.011% | 0.002% | 0.037% | -0.064% | 1.2% | 1.7% | na | na |
| Foreign Large Blend Avg | 12.1% | 31.2% | 5.2% | 16.9% | -14.7% | 10.3% | 8.8% | 22.0% | -13.2% | 24.6% | 1.9% |
| NUDM Grade (NAV) | C | D | B | B | C | D | B | A | F | na | na |
| +/- Category | -0.5% | -1.8% | 0.3% | 1.0% | -0.4% | -0.1% | 1.9% | 2.3% | -1.4% | na | na |
| Risk Measures | |
| Beta: | 1.00 |
| R-Squared: | 94% |
| Standard Deviation: | 14.3% |
| Category Risk Index: | 1.09 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.16 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 4.9% |
| Total Assets: | $ 708 Mil |
| Share Class Assets: | $ 708 Mil |
| Turnover: | 58.0% |
| Expense Ratio: | 0.27% |
| Index Fund: | Yes |
| Index Tracked: | MSCI EAFE NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | Yes |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 9.2 years | |||
| Average Tenure: 4.5 years | |||
| Managers (Year): Campagna Philip (2017), Tran Darren (2024), Romanyak Nazar (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 152 |
| % in Top 10 Holdings: | 22.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 98.3% |
Portfolio Allocation |
|
| Domestic Stock: | 0.1% |
| Foreign Stock: | 98.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 1.7% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Nuveen |
| Phone Number: | 888-290-9881 |
| Website: | http://www.nuveen.com |
| Inception Date: | June 6, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.27% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.40% |
