Exchange-Traded Funds

ETF
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Objective

The Fund seeks to track the investment results, before fees and expenses, of the TIAA ESG International Developed Markets Equity Index (the “Index”).

ETF Description

The Fund employs a passive management (or “indexing”) approach, investing all or substantially all of its assets in the securities represented in the Index in approximately the same proportions as the Index.

Index Description

The Index uses a rules-based methodology to arrive at a diversified portfolio of equity securities issued by companies located in countries with developed markets (excluding the U.S. and Canada) that adhere to predetermined ESG, controversial business involvement and low-carbon criteria. The Index is rebalanced quarterly.

Highlights

Consider the Fund if you’re seeking:
  • Exposure to stocks of international developed markets companies screened for positive environmental, social and governance (“ESG”) criteria
  • Diversification and the growth potential of international equities
  • Intraday, exchange-traded liquidity
  • A transparent, tax-efficient1 and low-cost investment solution

Fund Data

Ticker SymbolNUDM
Intra-day Indicative TickerNUDM.IV
Closing Market Price (As of 2/16/2018)$27.25
Closing NAV per Share (As of 2/16/2018)$27.06
30 Day SEC Yield (As of 1/31/2018)2.74%
Distribution FrequencyAnnual
Shares Outstanding (As of 2/16/2018)1,500,000
Total Net Assets (As of 2/16/2018)$40.59 million
Avg. Daily Volume (As of 2/16/2018)952
Cusip67092P805
Primary ExchangeCboe
Total Expense Ratio0.40%
Inception Date6/6/2017
Index ProviderMSCI
Index TickerM1CXTWER

Daily Pricing

As of 02/16/2018
Fund Inception: 6/6/2017
  Last Change
Market Price (History) $27.25 $0.94
52 Week High/Low Date Price
High 1/24/2018 $28.60
Low 7/11/2017 $24.79
Fund Inception: 6/6/2017
  Last Change
NAV (History) $27.06 $0.25
52 Week High/Low Date Price
High 1/25/2018 $28.56
Low 7/7/2017 $24.58
Fund Inception: 6/6/2017
  Last 52 wk avg
Premium/Discount (History) 0.70% 0.50%

1 ETFs have generally low portfolio turnover and do not need to sell securities to meet shareholder redemptions, potentially reducing taxable gains.

The TIAA ESG International Developed Markets Equity Index is a custom index that is owned and calculated by MSCI, is based on the MSCI EAFE Index, and aims to increase exposure to positive environmental, social and governance (ESG) factors and exhibit lower carbon exposure as compared to the MSCI EAFE Index.

Risk Considerations

Investing involves risk; principal loss is possible. There is no guarantee the Fund’s investment objectives will be achieved. An exchange-traded fund seeks to generally track the investment results of an index; however the Fund may underperform, outperform or be more volatile than the referenced index. Non-U.S. investments involve risks such as currency fluctuation, political and economic instability, lack of liquidity and differing legal and accounting standards. In addition, because the Index selects securities for inclusion based on environmental, social, and governance (ESG) criteria, the Fund may forgo some market opportunities available to funds that don’t use these criteria. A portfolio concentrated in a single industry sector or country may present more risk than a portfolio broadly diversified over several industries or countries. These and other risks, such as mid-cap stock risk, are described in the Fund’s prospectus.

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