NuShares ESG Small-Cap ETF
NUSC
PERFORMANCE AS OF 3/31/17 (%)
EXCHANGE-TRADED FUNDS
AS OF 3/31/2017
Consider the Fund if you’re seeking:
▪▪ Exposure to small-cap stocks of U.S. companies
screened for positive environmental, social and
governance (“ESG”) criteria
▪▪ Long-term growth potential
▪▪ Exchange-traded liquidity and transparency
FUND DATA
Ticker Symbol
Intra-day Indicative Ticker
NAV Ticker
CUSIP
Primary Exchange
Net Expense Ratio1
Distribution Frequency
Inception
NUSC
NUSC.IV
NUSC.NV
67092P607
BATS
0.40%
Annually
12/14/16
INDEX DATA
Index Symbol
Index Provider
M2CXTNCR
MSCI
Returns quoted represent past performance which is no guarantee of future results. Investment returns and principal value will fluctuate so that when shares are
sold, they may be worth more or less than their original cost. Current performance may be higher or lower than the performance shown. Total returns for a period of less than
one year are cumulative. Returns assume reinvestment of dividends and capital gains. Market price returns are based on the clos­ing market price. For performance current to the
most recent month-end visit nuveen.com or call 800.257.8787.
SECTOR ALLOCATIONS (%) 4
Industrials
Financials
Information Technology
Consumer Discretionary
Health Care
Real Estate
Materials
Utilities
Energy
Consumer Staples
Telecommunication Services
Total may not add up to 100% due to rounding.
FUND OVERVIEW
The Fund employs a passive management (or “indexing”)
approach, seeking to track the investment results, before
fees and expenses, of the TIAA ESG USA Small-Cap Index2
(the “Index”). The Fund generally invests in substantially all
or a sample of the securities in the Index whose risk, return
and other characteristics resemble the risk, return and
other characteristics of the Index. Under normal market
conditions, the Fund invests at least 80% of its assets,
exclusive of collateral held from securities lending, in
component securities of the Index.
3 month
3.77
3.37
3.87
NUSC at Net Asset Value (NAV)
NUSC at Market Price
TIAA ESG USA Small-Cap Index3
Since Fund
Inception
(12/14/16)
2.11
1.88
2.23
TOP HOLDINGS (%) 4
16.8
16.1
15.4
11.8
11.6
10.7
5.9
3.9
3.5
3.5
1.0
Aqua America Inc
Reliance Steel & Aluminum
Logmein Inc
Oshkosh Corp
Starwood Property Trust Inc
First American Financial
WGL Holdings Inc
Zions Bancorporation
Treehouse Foods Inc
One Gas Inc
0.9
0.9
0.8
0.8
0.8
0.7
0.7
0.6
0.6
0.6
FUND DATA
P/E Ratio
P/B Ratio
Number of holdings
Total Net Assets
37.10
2.53
744
$11.5 million
INDEX DESCRIPTION
The Index is composed of equity securities issued by
small-capitalization companies listed on U.S. exchanges
that meet certain environment, social and governance
(“ESG”) criteria. You cannot invest directly in an index.
1 Total annual fund operating expenses. See the Fund’s prospectus for full information on expenses.
2 The TIAA ESG USA Small-Cap Index is a custom index that is owned and calculated by MSCI, is based on the MSCI USA Small-Cap Index and aims to reflect the performance of a TIAA Global Asset Management strategy.
3 Source: MSCI Inc. This data is from a custom index that (i) is owned and calculated by MSCI (ii) is based on the MSCI USA Small-Cap Index and (iii) aims to reflect the
performance of a TIAA Global Asset Management strategy. The NuShares ESG Small-Cap ETF (“Fund”) is not sponsored, endorsed, issued, sold or promoted by or affiliated with MSCI Inc. MSCI Inc. does not make any representation regarding the advisability of investing in the Fund. See the Fund’s prospectus for further information.
4 As a percentage of the Fund’s total net assets. Holdings are subject to change.
NOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE
AS OF 3/31/2017
NUSC
NuShares ESG Small-Cap ETF
INDEX METHODOLOGY
Initial Universe (Base Index1)
Determine Initial ESG Eligible Universe
Environmental
▪ Climate change
▪ Natural resource
usage
▪ Waste management
Social
▪ Health & safety
▪ Labor management
▪ Product safety &
quality
Governance
▪ Board
▪ Accountability &
transparency
▪ Business ethics
Controversies
▪ Environment
▪ Customers
▪ Human rights and
community
▪ Labor rights and
supply chain
▪ Governance
Controversial
Business Involvement
▪ Alcohol, tobacco &
gambling
▪ Weapons &
firearms
▪ Nuclear power
Select “Best in Class” ESG Leaders in Each Sector
▪ Sector allocations ranked by ESG and controversy score
Carbon Screen
▪ Absolute carbon
emissions
▪ Carbon intensity
▪ Potential future
carbon emissions
TIAA ESG USA Small-Cap Index
Assesses companies’ exposure to and management of
ESG-related risks and opportunities, and involvement in
controversial businesses or events.
Selects highest ranked companies within each GICS2
sector until the total market cap reaches 50% of the
sector’s market cap in the Base Index.
Selects companies based on current and future carbon
emissions, with the objective of maintaining a portfolio
with a significantly lower carbon footprint than the
Base Index. Companies that own fossil fuel reserves are
ineligible for inclusion.
Adjusts sector weights of constituents to generally align
with those of the Base Index.
Risk Parameters3
▪ Sector weights: limited to +/- 4% Base Index
weights (energy sector +/- 8%)
▪ Rebalance Frequency: Quarterly
1 Base Index is the MSCI USA Small-Cap Index which generally consists of equity securities that comprise the small-cap segment of the U.S. market. The Fund may also
invest up to 20% of its assets in securities and other instruments not included in the Index (including derivatives, other investment companies including other ETFs, and
cash and cash equivalents) which the Fund’s sub-adviser believes will help the Fund track the Index. For more detailed information on the Index and Index methodology,
visit nuveen.com.
2 Global Industry Classification Standard (GICS) sectors include: consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, telecommunication services, utilities, and real estate.
3 Source: TIAA ESG Indexes Methodology: msci.com/tiaa-indexes
A WORD ON RISK
Investing involves risk; principal loss is possible. There is no guarantee the Fund’s investment objectives will be achieved. This ETF seeks to generally track the investment
results of an index; however the Fund may underperform, outperform or be more volatile than the referenced index. 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. The value of equity securities may decline significantly over short or extended periods of time. Investments in smaller companies are subject to greater volatility than those of larger companies. These and other risk considerations are described in detail in the Fund’s prospectus.
Shares of ETFs are bought and sold at market price as opposed to net asset value. As a result, an investor may pay more than net asset value when buying and receive less
than net asset value when selling. In addition, brokerage commissions will reduce returns. Fund shares are not individually redeemable directly with the Fund, but blocks of
shares may be acquired from the Fund and tendered for redemption to the Fund by certain institutional investors in Creation Units.
This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities, and is not provided in a fiduciary
capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action.
Investment decisions should be made based on an investor’s objectives and circumstances and in consultation with his or her advisors.
Before investing, carefully consider Fund investment objectives, risks, charges and expenses. For this and other information that should be read
carefully, please request a prospectus or summary prospectus from your financial advisor, contact Nuveen at 800.257.8787 or visit nuveen.com.
GLOSSARY
Price/earnings ratio (P/E Ratio): The weighted average P/E of the stocks in the Index. P/E ratio is the ratio of a stock’s current price to its per-share earnings over the
past year and is often an indicator of market expectation about corporate prospects; usually the higher the P/E, the greater the expectations for a company’s future growth
in earnings. Price/book ratio (P/B ratio): The weighted average P/B ratio of the stocks in the Index. P/B ratio is the price per share of a stock divided by its book value
(i.e., net worth) per share.
Nuveen Fund Advisors, LLC, serves as the Fund’s adviser and Teachers Advisors, LLC serves as the Fund’s sub-adviser. Nuveen Fund Advisors, LLC is a subsidiary of Nuveen,
LLC. Nuveen, LLC is the investment management arm of Teachers Insurance and Annuity Association of America (TIAA). Teachers Advisors, LLC is an affiliate of Nuveen, LLC.
Securities offered through Nuveen Securities, LLC, Member FINRA and SIPC | 333 West Wacker Drive | Chicago, IL 60606 | 800.752.8700 | nuveen.com
CONTACT US
NUVEEN.COM
800.752.8700
NFS-NUSC-0317P 144199-INV-Q-07/17