Nuveen ESG International Developed Markets Equity ETF

Shareclass

Nuveen ESG Intl Dev Mkts Eq ETF (NUDM)

Type

Exchange-traded fund

Manager

Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, above the threshold of 0.5% and below 1.5%. Assigned a grade of D.
How we track deforestation-risk investments

16.87%

INVESTED IN DEFORESTATION-RISK COMPANIES

AGRIBUSINESS

deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy

BANKS AND LENDERS

that finance deforestation-risk agribusiness producers via lending and underwriting

MAJOR CONSUMER BRANDS

that use deforestation-risk agribusiness commodities in products

holdings flagged

17%

of assets flagged

This fund contains

$83.53 MILLION invested

in holdings flagged for deforestation risk

Along with its subsidiary Nuveen, TIAA is one of the largest pension funds in the U.S. Despite its reputation for social responsibility, TIAA is also one of the world's largest investors in fossil fuels and agribusiness, and the largest investor of farmland in the world, with almost 2 million acres of farmland on four continents worth as much as $10 billion. But TIAA's agribusiness investments and farmland deals are causing more harm than it lets on. These deals are driving land grabs, deforestation, and human rights violations, and they're squeezing out family farmers and rural communities. Demand that TIAA stop buying farmland and institute a No Deforestation Policy!

Sign the petition

Commodity producers

3 holdings

0.64% of assets

$3.15 MILLION invested

Banks and lenders

6 holdings

5.47% of assets

$27.06 MILLION invested

Major consumer brands

16 holdings

11% of assets

$53.92 MILLION invested

Commodity producers

3 HOLDINGS

Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.

3 HOLDINGS

% of portfolio
$ invested
1. Wilmar International Ltd
0.28%0.28% of portfolio
$1.41M$1.41M invested
2. Neste OYJ
0.23%0.23% of portfolio
$1.15M$1.15M invested
3. Associated British Foods PLC
0.12%0.12% of portfolio
$593,088$593,088 invested

Banks and lenders

6 HOLDINGS

Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

6 HOLDINGS

% of portfolio
$ invested
1. Mizuho Financial Group Inc
1.59%1.59% of portfolio
$7.86M$7.86M invested
2. ANZ Group Holdings Ltd
1.52%1.52% of portfolio
$7.54M$7.54M invested
3. Deutsche Bank AG
0.88%0.88% of portfolio
$4.35M$4.35M invested
4. Standard Chartered PLC
0.77%0.77% of portfolio
$3.81M$3.81M invested
5. Sumitomo Mitsui Financial Group Inc
0.54%0.54% of portfolio
$2.68M$2.68M invested

View next 1

Major consumer brands

16 HOLDINGS

Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

16 HOLDINGS

% of portfolio
$ invested
1. Unilever PLC
1.98%1.98% of portfolio
$9.8M$9.8M invested
2. Danone SA
1.64%1.64% of portfolio
$8.11M$8.11M invested
3. Reckitt Benckiser Group PLC
1.42%1.42% of portfolio
$7.04M$7.04M invested
4. RELX PLC
1.38%1.38% of portfolio
$6.83M$6.83M invested
5. Tesco PLC
1.32%1.32% of portfolio
$6.53M$6.53M invested

View next 5

View more info

DATA AS OF 31 Mar 2025

Sustainability report card

As You Sow’s Invest Your Values report card grades mutual funds on environmental and social issues, including climate change, gender equality, and weapon investments. Click through to get more details on each issue.

Nuveen ESG International Developed Markets Equity ETF NUDM

Environment

Fossil fuels

Investments in coal, oil, and natural gas energy and utility companies, and related financial companies

Deforestation

Investments in deforestation-risk agricultural commodities, and related financial companies and consumer brands

Social

Gender equality

Gender equality group ranking, based on Equileap company data

Civilian firearms

Investments in civilian firearms manufacturers, and related gun retailers

Prison industrial complex

Investments in prisons and borders industry, including private prison operators

Military weapons

Investments in military arms manufacturers and services companies, including nuclear weapon manufacturers and servicers

Tobacco

Investments in tobacco and e-cigarette manufacturers, and tobacco-promoting entertainment companies

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Financial performance

Performance data provided by

Find more financial data on NUDM at Morningstar.com

Current fund

NUDM

Nuveen ESG International Developed Markets Equity ETF

Family

TIAA Investments/Nuveen

Category

Foreign Large Blend

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 3/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Higher 5-yr returns

0.62% more in annualized returns

Less invested in commodity producers

0.55% less invested

Less invested in banks and lenders

0.48% less invested

More invested in major consumer brands

3.43% more invested

Current fund

NUDM

Nuveen ESG International Developed Markets Equity ETF

Family

TIAA Investments/Nuveen

Category

Foreign Large Blend

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 3/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Higher 5-yr returns

0.62% more in annualized returns

Less invested in commodity producers

0.55% less invested

Less invested in banks and lenders

0.48% less invested

More invested in major consumer brands

3.43% more invested

Current fund

NUDM

Nuveen ESG International Developed Markets Equity ETF

Family

TIAA Investments/Nuveen

Category

Foreign Large Blend

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 3/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Higher 5-yr returns

0.62% more in annualized returns

Less invested in commodity producers

0.55% less invested

Less invested in banks and lenders

0.48% less invested

More invested in major consumer brands

3.43% more invested

Month-end trailing returns

Performance as of date: 3/31/25

Morningstar suggested benchmark: MSCI ACWI Ex USA NR USD

Annualized returns

Deforestation analysis

1-yr

3-yr

5-yr

10-yr

This fund
NUDM - Nuveen ESG International Developed Markets Equity ETF

5.51%

5.85%

12%

0.64%

Benchmark

6.75%

4.94%

11%

4.92%

1.18%

Fund compared to benchmark

-1.24%

0.9%

0.62%

0.55% lower

Find more financial data on NUDM at Morningstar.com

Take Action

Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.

SUPPORT THE PETITION

Find top-graded funds that avoid deforestation-risk investments.

FIND TOP-SCORING FUNDS

Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.

CHECK FOR FOSSIL FUELS

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