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Nuveen Short-Term REIT ETF
ETF
NURE
Payout Change
Pending
Price as of:
$29.17
+0.19
+0.64%
primary theme
Real Estate Sector Equity
NURE (ETF)
Nuveen Short-Term REIT ETF
Payout Change
Pending
Price as of:
$29.17
+0.19
+0.64%
primary theme
Real Estate Sector Equity
NURE (ETF)
Nuveen Short-Term REIT ETF
Payout Change
Pending
Price as of:
$29.17
+0.19
+0.64%
primary theme
Real Estate Sector Equity
Name
As of 04/19/2024Price
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
Vitals
YTD Return
-4.6%
1 yr return
1.8%
3 Yr Avg Return
-0.2%
5 Yr Avg Return
4.0%
Net Assets
$47.8 M
Holdings in Top 10
50.4%
52 WEEK LOW AND HIGH
$29.0
$25.03
$31.38
Expenses
OPERATING FEES
Expense Ratio 0.35%
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 04/19/2024Price
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
NURE - Profile
Distributions
- YTD Total Return -4.6%
- 3 Yr Annualized Total Return -0.2%
- 5 Yr Annualized Total Return 4.0%
- Capital Gain Distribution Frequency Semi-Monthly
- Net Income Ratio 1.31%
- Dividend Yield 4.8%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameNuveen Short-Term REIT ETF
-
Fund Family NameNuveen Funds
-
Inception DateDec 19, 2016
-
Shares Outstanding3700000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPhilip 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, 2023, the Index was comprised of 111 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.
NURE - Performance
Return Ranking - Trailing
| Period | NURE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -4.6% | -13.7% | 2.1% | 9.45% |
| 1 Yr | 1.8% | -14.0% | 12.3% | 22.83% |
| 3 Yr | -0.2%* | -13.6% | 10.4% | 8.06% |
| 5 Yr | 4.0%* | -11.7% | 12.7% | 12.72% |
| 10 Yr | N/A* | -2.0% | 13.6% | 40.00% |
* Annualized
Return Ranking - Calendar
| Period | NURE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.7% | -17.6% | 24.6% | 44.49% |
| 2022 | -30.2% | -51.3% | 2.7% | 43.08% |
| 2021 | 51.0% | -7.7% | 52.3% | 0.81% |
| 2020 | -10.8% | -42.2% | 35.0% | 68.80% |
| 2019 | 21.0% | -0.6% | 43.1% | 37.78% |
Total Return Ranking - Trailing
| Period | NURE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -4.6% | -13.7% | 2.1% | 9.45% |
| 1 Yr | 1.8% | -14.0% | 12.3% | 22.83% |
| 3 Yr | -0.2%* | -13.6% | 10.4% | 8.06% |
| 5 Yr | 4.0%* | -11.7% | 12.7% | 12.72% |
| 10 Yr | N/A* | -2.0% | 13.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | NURE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.0% | -14.0% | 25.0% | 28.74% |
| 2022 | -28.5% | -40.7% | 7.8% | 84.19% |
| 2021 | 53.4% | 7.8% | 54.6% | 2.02% |
| 2020 | -7.3% | -36.6% | 44.3% | 73.08% |
| 2019 | 25.4% | 3.4% | 46.4% | 64.89% |
NURE - Holdings
Concentration Analysis
| NURE | Category Low | Category High | NURE % Rank | |
|---|---|---|---|---|
| Net Assets | 47.8 M | 2.26 M | 63.6 B | 84.50% |
| Number of Holdings | 34 | 18 | 513 | 68.27% |
| Net Assets in Top 10 | 24.9 M | 711 K | 30.4 B | 86.35% |
| Weighting of Top 10 | 50.37% | 16.9% | 82.2% | 74.17% |
Top 10 Holdings
- Extra Space Storage Inc 5.39%
- Public Storage 5.19%
- CubeSmart 5.09%
- Essex Property Trust Inc 5.09%
- Host Hotels Resorts Inc 5.08%
- UDR Inc 5.07%
- AvalonBay Communities Inc 4.91%
- Camden Property Trust 4.88%
- Mid-America Apartment Communities Inc 4.86%
- Equity Residential 4.82%
Asset Allocation
| Weighting | Return Low | Return High | NURE % Rank | |
|---|---|---|---|---|
| Stocks | 99.06% | 0.00% | 106.01% | 37.27% |
| Cash | 0.94% | -42.50% | 20.74% | 61.99% |
| Preferred Stocks | 0.00% | 0.00% | 31.13% | 44.65% |
| Other | 0.00% | -89.96% | 112.19% | 44.65% |
| Convertible Bonds | 0.00% | 0.00% | 10.95% | 37.41% |
| Bonds | 0.00% | -3.17% | 148.00% | 42.07% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | NURE % Rank | |
|---|---|---|---|---|
| Real Estate | 100.00% | 34.46% | 100.00% | 12.45% |
| Utilities | 0.00% | 0.00% | 3.55% | 33.85% |
| Technology | 0.00% | 0.00% | 12.02% | 49.03% |
| Industrials | 0.00% | 0.00% | 7.39% | 37.74% |
| Healthcare | 0.00% | 0.00% | 0.53% | 34.24% |
| Financial Services | 0.00% | 0.00% | 37.05% | 42.41% |
| Energy | 0.00% | 0.00% | 33.11% | 34.24% |
| Communication Services | 0.00% | 0.00% | 11.61% | 41.25% |
| Consumer Defense | 0.00% | 0.00% | 0.93% | 32.68% |
| Consumer Cyclical | 0.00% | 0.00% | 45.29% | 62.65% |
| Basic Materials | 0.00% | 0.00% | 13.69% | 38.91% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | NURE % Rank | |
|---|---|---|---|---|
| US | 99.06% | 0.00% | 106.01% | 32.10% |
| Non US | 0.00% | 0.00% | 41.39% | 41.70% |
NURE - Expenses
Operational Fees
| NURE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.35% | 0.07% | 24.62% | 92.54% |
| Management Fee | 0.35% | 0.00% | 1.50% | 7.75% |
| 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% | 10.71% |
NURE - Distributions
Dividend Yield Analysis
| NURE | Category Low | Category High | NURE % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.85% | 0.00% | 13.30% | 14.39% |
Dividend Distribution Analysis
| NURE | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Monthly | Quarterly |
Net Income Ratio Analysis
| NURE | Category Low | Category High | NURE % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.31% | -1.14% | 6.05% | 33.58% |
Capital Gain Distribution Analysis
| NURE | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Monthly | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 28, 2024 | $0.288 | OrdinaryDividend |
| Dec 18, 2023 | $0.354 | OrdinaryDividend |
| Sep 29, 2023 | $0.276 | OrdinaryDividend |
| Jun 30, 2023 | $0.262 | OrdinaryDividend |
| Mar 31, 2023 | $0.262 | OrdinaryDividend |
| Dec 19, 2022 | $0.255 | OrdinaryDividend |
| Sep 30, 2022 | $0.194 | OrdinaryDividend |
| Jun 30, 2022 | $0.182 | OrdinaryDividend |
| Mar 31, 2022 | $0.167 | OrdinaryDividend |
| Dec 20, 2021 | $0.114 | OrdinaryDividend |
| Sep 30, 2021 | $0.095 | OrdinaryDividend |
| Jun 30, 2021 | $0.087 | OrdinaryDividend |
| Mar 31, 2021 | $0.113 | OrdinaryDividend |
| Dec 21, 2020 | $0.255 | OrdinaryDividend |
| Sep 30, 2020 | $0.096 | OrdinaryDividend |
| Jun 30, 2020 | $0.098 | OrdinaryDividend |
| Mar 31, 2020 | $0.225 | OrdinaryDividend |
| Dec 31, 2019 | $0.250 | OrdinaryDividend |
| Sep 30, 2019 | $0.236 | OrdinaryDividend |
| Jun 28, 2019 | $0.229 | OrdinaryDividend |
| Mar 29, 2019 | $0.278 | OrdinaryDividend |
| Sep 28, 2018 | $0.214 | OrdinaryDividend |
| Jun 29, 2018 | $0.202 | OrdinaryDividend |
| Mar 29, 2018 | $0.230 | OrdinaryDividend |
| Sep 29, 2017 | $0.236 | OrdinaryDividend |
| Jun 30, 2017 | $0.208 | OrdinaryDividend |
| Mar 31, 2017 | $0.232 | OrdinaryDividend |
| Dec 30, 2016 | $0.120 | OrdinaryDividend |
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 | 7.89 | 2.23 |
