NULC vs. SEF ETF Comparison

Comparison of Nuveen ESG Large-Cap ETF (NULC) to ProShares Short Financials (SEF)

NULC

Nuveen ESG Large-Cap ETF

NULC Description

The investment seeks to track the investment results, before fees and expenses, of the ICE BofAML Enhanced Yield 1-5 Year US Broad Bond Index (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 component securities of the index. The index is designed to broadly capture the 1-5 year U.S. investment grade fixed income market, as represented by a modified version of the ICE BofAML 1-5 Year US Broad Market Index.

Grade (RS Rating)

Last Trade

$43.95

Average Daily Volume

929

Number of Holdings ^*

117

* may have additional holdings in another (foreign) market

SEF

ProShares Short Financials

SEF Description

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones U.S. FinancialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index measures the performance of the financial services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$10.33

Average Daily Volume

38,381

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NULC	SEF
30 Days	2.92%	0.17%
60 Days	5.49%	-1.57%
90 Days	3.04%	1.73%
12 Months	22.57%	-14.01%

19 Overlapping Holdings

Symbol	Grade	Weight in NULC	Weight in SEF	Overlap
AMT	B	0.98%	1.74%	0.98%
BAC	A	0.09%	4.46%	0.09%
C	B	0.26%	2.98%	0.26%
CCI	D	0.05%	1.02%	0.05%
EQIX	C	0.33%	0.84%	0.33%
GS	A	0.42%	1.34%	0.42%
HST	D	0.3%	0.22%	0.22%
MA	D	2.08%	4.83%	2.08%
MET	D	0.42%	0.69%	0.42%
MMC	B	1.35%	0.97%	0.97%
MS	B	1.24%	1.19%	1.19%
PGR	B	1.62%	0.75%	0.75%
PNC	B	1.35%	1.13%	1.13%
RF	B	0.02%	0.27%	0.02%
SPGI	A	1.51%	1.22%	1.22%
TFC	C	0.54%	1.27%	0.54%
TRV	D	0.35%	0.61%	0.35%
V	D	2.18%	5.88%	2.18%
WELL	A	0.35%	0.59%	0.35%

NULC Overweight 98 Positions Relative to SEF

Symbol	Grade	Weight
MSFT	A	7.65%
NVDA	B	6.33%
GOOGL	A	3.73%
LLY	A	2.48%
GOOG	A	2.05%
CRM	D	1.76%
KO	A	1.59%
DIS	D	1.56%
COST	A	1.55%
DHR	D	1.48%
BKNG	B	1.44%
IBM	B	1.43%
ADP	D	1.4%
TSLA	B	1.39%
SHW	D	1.38%
MRVL	B	1.35%
DE	F	1.35%
AMAT	B	1.21%
UPS	F	1.21%
INTC	D	1.2%
HCA	C	1.18%
ECL	B	1.15%
EW	B	1.14%
MELI	C	1.12%
BMY	F	1.09%
CARR	C	1.09%
OKE	A	1.06%
LOW	D	1.05%
GILD	C	0.98%
T	B	0.97%
PEP	D	0.9%
ADBE	B	0.88%
LNG	B	0.85%
MCK	B	0.82%
CMCSA	F	0.79%
AMGN	B	0.78%
ETN	D	0.74%
BKR	B	0.74%
ADM	C	0.72%
ED	D	0.72%
DD	B	0.71%
VEEV	D	0.69%
UNH	C	0.67%
SBUX	F	0.66%
EA	B	0.64%
TXN	B	0.62%
TEAM	C	0.62%
KR	C	0.61%
FTV	D	0.59%
LYB	D	0.59%
KEYS	D	0.58%
CHD	D	0.58%
DOV	D	0.56%
AZO	C	0.55%
WST	F	0.55%
EBAY	B	0.55%
TGT	D	0.52%
HPE	B	0.5%
AXON	C	0.49%
BR	B	0.48%
STLD	C	0.46%
NXPI	B	0.43%
CBOE	D	0.42%
HOLX	C	0.41%
TJX	A	0.4%
EXC	D	0.4%
INTU	B	0.38%
ATO	B	0.37%
TRMB	C	0.33%
TRU	C	0.32%
BG	B	0.29%
JNPR	B	0.25%
LULU	F	0.25%
URI	C	0.24%
NEM	B	0.23%
UNP	D	0.22%
LPLA	B	0.2%
LRCX	B	0.17%
DAR	D	0.16%
HOOD	B	0.16%
FMC	F	0.16%
TTWO	B	0.14%
J	D	0.12%
VZ	B	0.11%
STE	C	0.11%
CI	D	0.1%
DHI	D	0.09%
EXAS	F	0.09%
PAYC	F	0.07%
ZBH	F	0.07%
WBD	F	0.06%
BLDR	F	0.06%
SIRI	D	0.05%
ODFL	C	0.03%
BALL	D	0.02%
FIS	B	0.02%
MMM	B	0.01%
SOLV	F	0.0%

NULC Underweight 78 Positions Relative to SEF

Symbol	Grade	Weight
BRK.A	C	-7.56%
JPM	A	-7.27%
WFC	C	-3.19%
AXP	C	-1.49%
USB	C	-1.32%
CME	D	-1.25%
CB	C	-1.17%
BLK	B	-1.06%
PLD	C	-1.0%
SCHW	C	-0.93%
ICE	A	-0.91%
AON	C	-0.83%
COF	C	-0.81%
AIG	C	-0.77%
SPG	B	-0.76%
MCO	A	-0.7%
BX	B	-0.67%
PRU	A	-0.66%
AFL	B	-0.66%
BK	A	-0.65%
ALL	D	-0.64%
PSA	B	-0.56%
TROW	B	-0.52%
AVB	B	-0.51%
STT	C	-0.5%
SBAC	F	-0.48%
EQR	A	-0.48%
DLR	A	-0.44%
WTW	B	-0.44%
DFS	A	-0.44%
O	D	-0.42%
MSCI	C	-0.4%
CSGP	D	-0.4%
WY	F	-0.39%
NTRS	C	-0.39%
AMP	B	-0.37%
VTR	A	-0.37%
HIG	C	-0.37%
SYF	A	-0.36%
MTB	B	-0.36%
FITB	C	-0.35%
BXP	B	-0.34%
CBRE	C	-0.34%
ESS	B	-0.34%
ARE	C	-0.32%
KEY	C	-0.32%
ACGL	B	-0.31%
CFG	B	-0.3%
DOC	B	-0.3%
AJG	A	-0.3%
INVH	A	-0.28%
MKL	C	-0.28%
CINF	B	-0.27%
HBAN	C	-0.26%
MAA	B	-0.26%
PFG	D	-0.25%
MKTX	F	-0.24%
WPC	D	-0.24%
SUI	C	-0.24%
EXR	B	-0.24%
L	D	-0.23%
NLY	C	-0.23%
UDR	B	-0.23%
ELS	C	-0.22%
FNF	C	-0.22%
NDAQ	C	-0.21%
RJF	C	-0.2%
LNC	B	-0.2%
EG	D	-0.19%
MPW	F	-0.19%
ALLY	B	-0.19%
EQH	A	-0.19%
GL	C	-0.18%
FDS	D	-0.18%
REG	B	-0.18%
VNO	B	-0.18%
CPT	A	-0.18%
WRB	B	-0.17%