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Name

As of 11/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Nuveen Short-Term REIT ETF

NURE | ETF

$34.24

$47.8 M

3.50%

$1.20

0.36%

Vitals

YTD Return

13.8%

1 yr return

28.0%

3 Yr Avg Return

0.0%

5 Yr Avg Return

5.3%

Net Assets

$47.8 M

Holdings in Top 10

50.6%

52 WEEK LOW AND HIGH

$33.8
$28.10
$35.10

Expenses

OPERATING FEES

Expense Ratio 0.36%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 11.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Nuveen Short-Term REIT ETF

NURE | ETF

$34.24

$47.8 M

3.50%

$1.20

0.36%

NURE - Profile

Distributions

  • YTD Total Return 13.8%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return 5.3%
  • Capital Gain Distribution Frequency Semi-Monthly
  • Net Income Ratio 1.31%
DIVIDENDS
  • Dividend Yield 3.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Nuveen Short-Term REIT ETF
  • Fund Family Name
    Nuveen Funds
  • Inception Date
    Dec 19, 2016
  • Shares Outstanding
    3700000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Philip Campagna

Fund Description

The Fund seeks to track the investment results of the Index, which is comprised of real estate investment trusts (“REITs”). REITs are publicly traded corporations or trusts that invest in residential or commercial real estate. The Index is a subset of the Dow Jones U.S. Select REIT Index (the “Base Index”), which generally includes equity REITs traded on a national securities exchange in the United States that derive at least 75% of their total revenue from the ownership and operation of real estate assets and that have a minimum total market capitalization of $200 million at the time of their inclusion. The Index selects REITs from the Base Index that are classified as concentrating their holdings in apartment buildings, hotels, self-storage facilities or manufactured home properties, as REITs investing in these sectors typically have shorter lease durations than REITs investing in other sectors. Index holdings are weighted by float-adjusted market capitalization, provided that no single REIT can comprise more than 5% of the Index as of any rebalance date. “Float-adjusted” means that the share amounts used in calculating the Index reflect only shares available to investors, with shares held by control groups, public companies and government agencies excluded.
The Index is rebalanced quarterly after the close of the third Friday in March, June, September and December. The Index and the Base Index exclude mortgage REITs, hybrid REITs, certain other types of REITs (e.g., timber and net-lease REITs), real estate finance companies, mortgage brokers and bankers, commercial and residential real estate brokers
and estate agents, home builders, large landowners and subdividers of unimproved land, and companies that have more than 25% of their assets in direct mortgage investments. As of March 31, 2024, the Index was comprised of 34 REITs.
The Fund attempts to replicate the Index by investing all, or substantially all, of its assets in the REITs that make up the Index, holding each REIT in approximately the same proportion as its weighting in the Index. The Fund rebalances its holdings quarterly in response to the quarterly Index rebalances. The Fund may sell REITs that are represented in the Index, in anticipation of their removal from the Index, or buy REITs that are not yet represented in the Index in anticipation of their addition to 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 REITs. The Index concentrates (i.e., holds 25% or more of its total assets) in the securities of the real estate industry, and the Fund will concentrate its investments to approximately the same extent as the Index.
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NURE - Performance

Return Ranking - Trailing

Period NURE Return Category Return Low Category Return High Rank in Category (%)
YTD 13.8% -5.2% 23.3% 38.43%
1 Yr 28.0% -8.4% 36.8% 19.42%
3 Yr 0.0%* -12.7% 5.4% 60.00%
5 Yr 5.3%* -12.1% 17.8% 26.99%
10 Yr N/A* -2.1% 14.3% 40.00%

* Annualized

Return Ranking - Calendar

Period NURE Return Category Return Low Category Return High Rank in Category (%)
2023 8.7% -16.2% 24.6% 41.08%
2022 -30.2% -51.3% 2.5% 44.17%
2021 51.0% -7.7% 52.3% 0.84%
2020 -10.8% -42.2% 35.0% 69.47%
2019 21.0% 0.0% 43.1% 37.44%

Total Return Ranking - Trailing

Period NURE Return Category Return Low Category Return High Rank in Category (%)
YTD 13.8% -5.2% 23.3% 38.43%
1 Yr 28.0% -8.4% 36.8% 19.42%
3 Yr 0.0%* -12.7% 5.4% 60.00%
5 Yr 5.3%* -12.1% 17.8% 26.99%
10 Yr N/A* -2.1% 14.3% N/A

* Annualized

Total Return Ranking - Calendar

Period NURE Return Category Return Low Category Return High Rank in Category (%)
2023 13.0% -13.7% 25.0% 26.56%
2022 -28.5% -40.7% 7.8% 85.00%
2021 53.4% 7.8% 54.6% 2.09%
2020 -7.3% -36.6% 44.3% 73.01%
2019 25.4% 4.1% 46.4% 63.93%

NURE - Holdings

Concentration Analysis

NURE Category Low Category High NURE % Rank
Net Assets 47.8 M 1.32 M 61.4 B 88.51%
Number of Holdings 33 22 519 87.60%
Net Assets in Top 10 25.4 M 697 K 32.8 B 89.67%
Weighting of Top 10 50.56% 13.2% 90.0% 70.66%

Top 10 Holdings

  1. Equity LifeStyle Properties Inc 5.15%
  2. Equity Residential 5.11%
  3. American Homes 4 Rent 5.11%
  4. Public Storage 5.06%
  5. AvalonBay Communities Inc 5.05%
  6. UDR Inc 5.04%
  7. Mid-America Apartment Communities Inc 5.04%
  8. CubeSmart 5.02%
  9. Sun Communities Inc 5.01%
  10. Invitation Homes Inc 4.97%

Asset Allocation

Weighting Return Low Return High NURE % Rank
Stocks 		95.43% 0.00% 105.52% 71.90%
Cash 		4.57% -42.50% 24.34% 12.81%
Preferred Stocks 		0.00% 0.00% 31.13% 39.26%
Other 		0.00% -89.90% 106.21% 50.00%
Convertible Bonds 		0.00% 0.00% 10.95% 34.02%
Bonds 		0.00% 0.00% 155.83% 38.02%

Stock Sector Breakdown

Weighting Return Low Return High NURE % Rank
Real Estate 		100.00% 34.46% 100.00% 12.61%
Utilities 		0.00% 0.00% 3.55% 32.61%
Technology 		0.00% 0.00% 12.02% 48.70%
Industrials 		0.00% 0.00% 7.39% 37.83%
Healthcare 		0.00% 0.00% 0.53% 32.61%
Financial Services 		0.00% 0.00% 37.05% 39.57%
Energy 		0.00% 0.00% 33.11% 33.04%
Communication Services 		0.00% 0.00% 11.61% 40.00%
Consumer Defense 		0.00% 0.00% 0.93% 31.30%
Consumer Cyclical 		0.00% 0.00% 45.29% 58.70%
Basic Materials 		0.00% 0.00% 13.69% 36.52%

Stock Geographic Breakdown

Weighting Return Low Return High NURE % Rank
US 		95.43% 0.00% 105.52% 69.83%
Non US 		0.00% 0.00% 37.90% 38.02%

NURE - Expenses

Operational Fees

NURE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.36% 0.07% 8.91% 91.63%
Management Fee 0.35% 0.00% 1.50% 8.68%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

NURE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

NURE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NURE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.00% 0.11% 380.00% 11.16%

NURE - Distributions

Dividend Yield Analysis

NURE Category Low Category High NURE % Rank
Dividend Yield 3.50% 0.00% 13.03% 17.77%

Dividend Distribution Analysis

NURE Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Quarterly Quarterly

Net Income Ratio Analysis

NURE Category Low Category High NURE % Rank
Net Income Ratio 1.31% -1.14% 6.05% 35.15%

Capital Gain Distribution Analysis

NURE Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Monthly Annually Semi-Annually Annually

Distributions History

View More +

NURE - Fund Manager Analysis

Managers

Philip Campagna

Start Date

Tenure

Tenure Rank

Dec 19, 2016

5.45

5.5%

Jim Campagna is a quantitative portfolio manager for the TIAA-CREF organization and Teachers Advisors, Inc. Mr. Campagna has portfolio management responsibilities for all equity index strategies and the Social Choice Equity portfolio. Mr. Campagna joined TIAA-CREF in February 2005 and has more than 15 years of investment experience. His prior experience includes seven years at Mellon Capital Management where he was responsible for several mandates and was an index strategy manager for MSCI® EAFE®. Mr. Campagna earned his B.A. in economics from the University of California, Irvine. He also holds the Chartered Financial Analyst (CFA) designation.

Lei Liao

Start Date

Tenure

Tenure Rank

Dec 19, 2016

5.45

5.5%

Lei Liao, CFA, is Managing Director at Teachers Advisors, LLC. Lei Liao worked at TIAA-CREF Investment Management, LLC and other advisory affiliates of TIAA from 2012 to Present (portfolio management of domestic and international large-, mid- and small-cap equity index portfolios).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 28.42 8.23 2.68

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