Nuveen Global Net Zero Transition ETF
Data updated: 2024-10-15
C000236604 — Nuveen Global Net Zero Transition ETF. Global (incl. US) Large Cap Growth Equity · $6.44M AUM. Holdings, fees, performance and SEC filings.
C000236604 Fund Overview
Nuveen Global Net Zero Transition ETF is a US ETF managed by Nushares ETF Trust, categorised as Global (incl. US) Large Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Nushares ETF Trust
- Category: Global (incl. US) Large Cap Growth Equity
- Assets under management: $6.44M
- 1-year return: 11.0%
- SEC CIK: 0001635073
- SEC series ID: S000076615
- Share class ID: C000236604
C000236604 Investment Objective and Strategy
Nuveen Global Net Zero Transition ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Nushares ETF Trust.
Investment objective
The investment objective of the Fund is to seek a favorable long-term total return, mainly through capital appreciation.
Principal investment strategy
The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to provide capital appreciation and, under normal market conditions, invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in equity securities of companies that the sub-adviser believes will have a positive impact on the carbon economy through their current and/or planned efforts to reduce global greenhouse gas emissions, which, in turn, will contribute to the overall transition to a net zero economy ( Net Zero Transition Companies ). The carbon economy refers to an economy based on low carbon energy sources with minimal greenhouse gas emissions, and net zero refers to the goal of either eliminating the production of greenhouse gas emissions or offsetting the production of greenhouse gas emissions with an equal reduction in greenhouse gas emissions.
The goal of achieving a net zero carbon economy may be achieved through the decarbonization of economic activity, including, but not limited to, the elimination of high-carbon producing activities or the transition from high-carbon producing activities to activities that produce little to no carbon emissions. The Fund attempts to achieve its investment objective by investing in a diversified portfolio of global securities comprised of Net Zero Transition Companies, which include companies that (i) are following third-party validated carbon reduction plans, (ii) have publicly expressed their intentions to reduce carbon emissions, or (iii) employ disruptive technology with the intention of supporting climate change mitigation. When selecting Net Zero Transition Companies for inclusion in the Funds portfolio, the sub-adviser conducts an analysis of each companys balance sheet and considers various fundamental factors, such as a companys return on capital and free cash flow.
The sub-adviser will also monitor the decarbonization of the Net Zero Transition Companies in the Funds portfolio and determine, on an ongoing basis, based on the third-party data, public disclosure documents, and in some instances engagement, whether a company continues to qualify as a Net Zero Transition Company. The Fund will not invest in companies that the sub-adviser determines are involved in the following activities: manufacturing of nuclear weapons, cluster munitions, land mines, incendiary devices, biological or chemical weapons, or depleted uranium munitions; or civilian firearms manufacturing. The Fund may use third-party data sources to determine if companies are involved in any of the above activities. The Fund may invest in companies of any market capitalization located anywhere in the world, including companies located in emerging markets.
The portion of the Funds net assets invested in non-U.S. securities floats day-to-day based on the portion of the Funds benchmark, the MSCI ACWI Index ( MSCI ACWI ), that is composed of non-U.S. securities. Under normal market conditions, the Funds investment in non-U.S. securities will be, at a minimum, equal to 80% of the MSCI ACWIs non-U.S. assets, calculated on a daily basis. If, however, market conditions are deemed unfavorable, the minimum portion of the Funds net assets invested in non-U.S. securities will be reduced to 50% of the MSCI ACWIs non-U.S. assets. The Fund will invest in securities of issuers in at least three different countries (one of which may be the United States) and may invest up to 25% of its net assets in securities of companies located in emerging markets. While the sub-adviser will invest in Net Zero Transition Companies, it is not required to invest in every company that meets the associated criteria.
Investing on the basis of carbon emissions criteria is qualitative and subjective by nature. There can be no assurance that every Fund investment will meet carbon emissions criteria, or will do so at all times, or that the carbon emissions criteria or any judgement exercised by the sub-adviser will reflect the beliefs or values of any particular investor. As of the date of this prospectus, a significant portion of the Funds assets is comprised of companies in the information technology sector.
C000236604 Holdings
Top 10 holdings of Nuveen Global Net Zero Transition ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Amazon.com Inc | 5.06% |
| Microsoft Corp | 4.15% |
| Taiwan Semiconductor Manufacturing Co Ltd | 3.53% |
| Alphabet Inc | 3.42% |
| Novo Nordisk A/S | 2.96% |
| Schneider Electric SE | 2.94% |
| Linde PLC | 2.34% |
| Walmart Inc | 2.22% |
| Trane Technologies PLC | 2.06% |
| Costco Wholesale Corp | 1.89% |
C000236604 Portfolio Allocation
Asset-class allocation of Nuveen Global Net Zero Transition ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.3% |
C000236604 Performance
Total returns for C000236604 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 11.0% |
| 3 years (annualised) | 13.4% |
C000236604 Risk Information
Risk metrics for C000236604, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.4%
C000236604 Costs and Fees
C000236604 costs about $56 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.56%
- Gross expense ratio: 0.56%
- Portfolio turnover: 39%
- Brokerage commissions: 1.43 bps of average net assets (SEC N-CEN)
C000236604 Cashflows
Over the 12 months to 2024-07, Nuveen Global Net Zero Transition ETF had net inflows of $0, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-07 | $0 |
| 2024-06 | $0 |
| 2024-05 | $0 |
| 2024-04 | $0 |
| 2024-03 | $0 |
| 2024-02 | $0 |
C000236604 Debt Constituents
No individual debt constituents are reported in Nuveen Global Net Zero Transition ETF's latest SEC N-PORT filing.
C000236604 Prospectus and SEC Filings
Official Nuveen Global Net Zero Transition ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-11-27
- Prospectus (485BPOS) — filed 2022-11-25
- Prospectus (485BPOS) — filed 2022-06-23
- Portfolio holdings (N-PORT) — filed 2024-09-25
- Portfolio holdings (N-PORT) — filed 2024-06-25
- Portfolio holdings (N-PORT) — filed 2024-03-25
- Annual census (N-CEN) — filed 2024-10-15
- Annual census (N-CEN) — filed 2023-10-11
Related Funds
Other Global (incl. US) Large Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.