ETF Evaluator:
Nuveen ESG Mid-Cap Value ETF (NUMV)
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(as of Jul 31)
Best Performing in Mid-Cap Value Over the Last Year
| 39.4% | ProShares Equities for Rising Rates ETF (EQRR) |
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| 32.9% | Thrivent Mid Cap Value ETF (TMVE) |
| 31.2% | VictoryShares Free Cash Flow ETF (VFLO) |
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ETF Details
Nuveen ESG Mid-Cap Value ETF Overview
Nuveen ESG Mid-Cap Value ETF (NUMV) is a passively managed U.S. Equity Mid-Cap Value exchange-traded fund (ETF). Nuveen launched the ETF in 2016.
The investment seeks to track the investment results, before fees and expenses, of the TIAA ESG USA Mid-Cap Value Index (the "index").
Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in component securities of the index. The index is comprised of equity securities with value characteristics issued by mid-capitalization companies listed on U.S. exchanges that meet certain environmental, social, and governance ("ESG") criteria.
About Nuveen ESG Mid-Cap Value ETF (NUMV)
There are 3 members of the management team with an average tenure of 4.54 years: Philip Campagna (2016), 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 USA NR USD index with a weighting of 100% and MSCI USA Mid Value NR USD index with a weighting of 100%. Nuveen ESG Mid-Cap Value ETF has 94 securities in its portfolio. The top 10 holdings constitute 21.6% 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 Mid-Cap Value ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Nuveen ESG Mid-Cap Value ETF has 0.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.2% There is 0.8% 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 Mid-Cap Value ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $437 million in total assets, which is below the $2 billion average for the Mid-Cap Value 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.
NUMV 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 Mid-Cap Value ETF expense ratio is below average compared to funds in the Mid-Cap Value category. Nuveen ESG Mid-Cap Value ETF has an expense ratio of 0.31%, which is 33% 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 Mid-Cap Value ETF has a portfolio turnover rate of 63%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 73% for the Mid-Cap Value category.
Recently, in the month of June 2026, Nuveen ESG Mid-Cap Value ETF returned 2.3%, which earned it a grade of C, as the Mid-Cap Value category had an average return of 1.7%. 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 Mid-Cap Value ETF has a trailing yield of 1.38%, which is below the 2.13% category average.
The fund normally distributes its income annually and its capital gains 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 Mid-Cap Value ETF Grades
Year to date, the ETF has returned 11.3%, 0.2 percentage points worse than the category, which translates into a grade of C. The fund has returned 22.5% over the past year (grade of C), 15.8% over the past three years (grade of B) and 7.4% per year over the past five years (grade of F).
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NUMV Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NUMV Return (NAV) | 2.3% | 12.2% | 22.5% | 15.8% | 7.4% | na |
| NUMV Return (Price) | 2.3% | 12.2% | 22.5% | 15.8% | 7.4% | na |
| NAV +/- Price Return | -0.037% | 0.052% | 0.058% | 0.029% | 0.024% | na |
| Mid-Cap Value Avg | 1.7% | 8.1% | 20.4% | 14.5% | 9.5% | 10.8% |
| NUMV Grade (NAV) | C | B | C | B | F | na |
| +/- Category (NAV) | 0.6% | 4.1% | 2.2% | 1.3% | -2.1% | na |
| NUMV Tax-Cost Ratio | na | na | 0.6% | 0.7% | 1.3% | na |
NUMV Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NUMV Return (NAV) | 11.3% | 14.1% | 12.4% | 8.3% | -14.9% | 31.2% | 1.0% | 29.3% | -11.4% | 15.1% | na |
| NUMV Return (Price) | 11.2% | 14.0% | 12.4% | 8.4% | -14.9% | 31.2% | 0.9% | 29.8% | -12.0% | 14.7% | na |
| NAV +/- Price Ret | -0.005% | -0.007% | 0.002% | 0.012% | 0.001% | -0.002% | -0.051% | 1.6% | 5.2% | -2.5% | na |
| Mid-Cap Value Avg | 11.5% | 10.3% | 12.2% | 12.6% | -5.6% | 31.5% | 0.5% | 25.6% | -10.0% | 15.5% | 20.3% |
| NUMV Grade (NAV) | C | B | C | D | F | C | C | A | C | C | na |
| +/- Category | -0.2% | 3.8% | 0.1% | -4.4% | -9.2% | -0.3% | 0.4% | 3.8% | -1.4% | -0.4% | na |
| Risk Measures | |
| Beta: | 0.96 |
| R-Squared: | 67% |
| Standard Deviation: | 15.3% |
| Category Risk Index: | 1.06 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 1.25 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 1.4% |
| Total Assets: | $ 437 Mil |
| Share Class Assets: | $ 437 Mil |
| Turnover: | 63.0% |
| Expense Ratio: | 0.31% |
| Index Fund: | Yes |
| Index Tracked: | MSCI USA NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | Yes |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 9.6 years | |||
| Average Tenure: 4.5 years | |||
| Managers (Year): Campagna Philip (2016), Tran Darren (2024), Romanyak Nazar (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 94 |
| % in Top 10 Holdings: | 21.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.8% |
Portfolio Allocation |
|
| Domestic Stock: | 99.2% |
| Foreign Stock: | 0.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| 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: | December 13, 2016 |
Expenses and Fees
| Expense Ratio (%): | 0.31% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.46% |
