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Is Nuveen ESG Mid-Cap Growth ETF (NUMG) a Strong ETF Right Now?
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The Nuveen ESG Mid-Cap Growth ETF (NUMG - Free Report) was launched on 12/13/2016, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - Mid Cap Growth category of the market.
What Are Smart Beta ETFs?
The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.
A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.
But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies, and are a strong option for those who prefer choosing great stocks in order to beat the market.
Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.
Even though this space provides many choices to investors--think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting--not all have been able to deliver first-rate results.
Fund Sponsor & Index
The fund is sponsored by Nuveen. It has amassed assets over $414.05 million, making it one of the average sized ETFs in the Style Box - Mid Cap Growth. This particular fund seeks to match the performance of the TIAA ESG USA Mid-Cap Growth Index before fees and expenses.
The Nuveen ESG USA Mid-Cap Growth Index composes of equity securities issued by mid-capitalization companies listed on U.S. exchanges.
Cost & Other Expenses
Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Annual operating expenses for this ETF are 0.31%, making it on par with most peer products in the space.
NUMG's 12-month trailing dividend yield is 0.06%.
Sector Exposure and Top Holdings
ETFs offer diversified exposure and thus minimize single stock risk, but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.
NUMG's heaviest allocation is in the Information Technology sector, which is about 27.4% of the portfolio. Its Industrials and Consumer Discretionary round out the top three.
Taking into account individual holdings, Quanta Services Inc. (PWR) accounts for about 3.87% of the fund's total assets, followed by Axon Enterprise (AXON) and Idexx Laboratories Inc (IDXX).
The top 10 holdings account for about 32.42% of total assets under management.
Performance and Risk
Year-to-date, the Nuveen ESG Mid-Cap Growth ETF has gained about 3.93% so far, and was up about 11.21% over the last 12 months (as of 10/06/2025). NUMG has traded between $37.77 $51.47 in this past 52-week period.
The ETF has a beta of 1.17 and standard deviation of 20.61% for the trailing three-year period. With about 48 holdings, it has more concentrated exposure than peers .
Alternatives
Nuveen ESG Mid-Cap Growth ETF is an excellent option for investors seeking to outperform the Style Box - Mid Cap Growth segment of the market. There are other ETFs in the space which investors could consider as well.
Vanguard ESG U.S. Stock ETF (ESGV) tracks FTSE US ALL CAP CHOICE INDEX and the iShares ESG Aware MSCI USA ETF (ESGU) tracks MSCI USA ESG Focus Index. Vanguard ESG U.S. Stock ETF has $11.62 billion in assets, iShares ESG Aware MSCI USA ETF has $15.01 billion. ESGV has an expense ratio of 0.09% and ESGU changes 0.15%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Mid Cap Growth
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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Is Nuveen ESG Mid-Cap Growth ETF (NUMG) a Strong ETF Right Now?
The Nuveen ESG Mid-Cap Growth ETF (NUMG - Free Report) was launched on 12/13/2016, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - Mid Cap Growth category of the market.
What Are Smart Beta ETFs?
The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.
A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.
But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies, and are a strong option for those who prefer choosing great stocks in order to beat the market.
Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.
Even though this space provides many choices to investors--think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting--not all have been able to deliver first-rate results.
Fund Sponsor & Index
The fund is sponsored by Nuveen. It has amassed assets over $414.05 million, making it one of the average sized ETFs in the Style Box - Mid Cap Growth. This particular fund seeks to match the performance of the TIAA ESG USA Mid-Cap Growth Index before fees and expenses.
The Nuveen ESG USA Mid-Cap Growth Index composes of equity securities issued by mid-capitalization companies listed on U.S. exchanges.
Cost & Other Expenses
Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Annual operating expenses for this ETF are 0.31%, making it on par with most peer products in the space.
NUMG's 12-month trailing dividend yield is 0.06%.
Sector Exposure and Top Holdings
ETFs offer diversified exposure and thus minimize single stock risk, but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.
NUMG's heaviest allocation is in the Information Technology sector, which is about 27.4% of the portfolio. Its Industrials and Consumer Discretionary round out the top three.
Taking into account individual holdings, Quanta Services Inc. (PWR) accounts for about 3.87% of the fund's total assets, followed by Axon Enterprise (AXON) and Idexx Laboratories Inc (IDXX).
The top 10 holdings account for about 32.42% of total assets under management.
Performance and Risk
Year-to-date, the Nuveen ESG Mid-Cap Growth ETF has gained about 3.93% so far, and was up about 11.21% over the last 12 months (as of 10/06/2025). NUMG has traded between $37.77 $51.47 in this past 52-week period.
The ETF has a beta of 1.17 and standard deviation of 20.61% for the trailing three-year period. With about 48 holdings, it has more concentrated exposure than peers .
Alternatives
Nuveen ESG Mid-Cap Growth ETF is an excellent option for investors seeking to outperform the Style Box - Mid Cap Growth segment of the market. There are other ETFs in the space which investors could consider as well.
Vanguard ESG U.S. Stock ETF (ESGV) tracks FTSE US ALL CAP CHOICE INDEX and the iShares ESG Aware MSCI USA ETF (ESGU) tracks MSCI USA ESG Focus Index. Vanguard ESG U.S. Stock ETF has $11.62 billion in assets, iShares ESG Aware MSCI USA ETF has $15.01 billion. ESGV has an expense ratio of 0.09% and ESGU changes 0.15%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Mid Cap Growth
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.