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NULC ETF — Nuveen ESG Large-Cap ETF
Nuveen ESG Large-Cap ETF (NULC)
Updated November 4, 2026.
Verdict as of November 4, 2026 close
NULC's distribution is rated unproven by the Dividend Vision Distribution Safety Score™ (50/100, medium confidence). It pays annual and its distribution rate is 2.19%. The latest total cash payment per current share, $4.87 with an ex-date of December 18, 2025, was 298.9% higher than the previous $1.22. It is not yet confirmed whether this is an increase in the regular payout or a one-off difference.
Sources: Nuveen, Section 19a-1 notices, scoring methodology.
NULC is an ETF. Its distribution rate is 2.19%, its trailing-12-month yield is 8.75%, its expense ratio is 0.21%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 168.7% over the past 7.4 years, 36.3 points behind SPY at 205.0%.
Nuveen ESG Large-Cap ETF tracks the MSCI USA Index with a focus on environmental, social, and governance criteria, investing at least 80% of its assets in large- and mid-cap U.S. equities that meet its ESG selection standards. The fund has a low current distribution rate and pays distributions annually; note that the latest distribution was special and may not recur. With an expense ratio of 0.21%, it appeals to income and growth-oriented investors seeking U.S. large-cap equity exposure aligned with ESG considerations.
NULC dividend yield and income
Price as of 2026-11-04.
Trailing-12-month yield (8.75%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $4.866. The ex-dividend date is 12/18/2025. The payment date is 12/19/2025.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2025-12-18 | $4.866 | 298.9% Total cash (unclassified) |
| 2024-12-18 | $1.22 | 136.9% Total cash (unclassified) |
| 2023-12-14 | $0.515 | -32.5% Total cash (unclassified) |
| 2022-12-15 | $0.763 | -69.9% Total cash (unclassified) |
| 2021-12-16 | $2.534 | 78.5% Total cash (unclassified) |
| 2020-12-17 | $1.42 | 517.4% Total cash (unclassified) |
| 2019-12-27 | $0.23 | — |
| 2019 total (partial launch year) | $0.23 | — |
| 2020 total | $1.42 | — |
| 2021 total | $2.534 | 78.5% |
| 2022 total | $0.763 | -69.9% |
| 2023 total | $0.515 | -32.5% |
| 2024 total | $1.22 | 136.9% |
| 2025 total | $4.866 | 298.9% |
NULC dividend growth
Trailing-12-month distributions versus the preceding 12 months changed +298.9%. The 1Y row below uses this same adjacent TTM cash-window comparison.
| Window | Change |
|---|---|
| 1Y | +298.9% |
| 3Y | 537.7% |
| 5Y | 242.7% |
NULC holdings and sector exposure
The top 10 holdings are 33.9% of the fund.
| Ticker | Name | Weight |
|---|---|---|
| NVDA | NVIDIA Corporation | 8.96% |
| MSFT | Microsoft Corporation | 5.41% |
| META | Meta Platforms Inc. | 3.95% |
| AVGO | Broadcom Inc | 3.39% |
| AMD | Advanced Micro Devices Inc | 2.72% |
| V | Visa Inc. Class A | 2.15% |
| MA | Mastercard Inc | 2.02% |
| KO | The Coca-Cola Company | 1.86% |
| CSCO | Cisco Systems Inc | 1.71% |
| ADI | Analog Devices Inc | 1.69% |
To see how this fund's sectors add up across your own holdings, use True Exposure.
NULC performance versus SPY
Total return is 168.7% over the past 7.4 years, 36.3 points behind SPY at 205.0%. Over the past year its total return — price change plus distributions reinvested — is 11.0%. Its deepest 1-year drawdown was 12.3%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -0.8% | — |
| 3M | -0.5% | — |
| 6M | 7.7% | — |
| YTD | 16.2% | — |
| 1Y | 11.0% | — |
| 2Y CAGR | — | 13.70% |
| 3Y CAGR | — | 18.80% |
| 5Y CAGR | — | 8.30% |
| Since 2019-06-04 (first price on file) · 7.4 years | 168.7% | 14.30% |
NULC key facts
- Distribution Safety Score™
- 50 · Unproven
- Issuer
- Nuveen
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 06/03/2019
- Expense ratio
- 0.21%
- Distribution rate
- 2.19%
- Distribution frequency
- Annual
- Trailing yield
- 8.75%
- Last close
- $55.62 (as of 2026-11-04)
- AUM
- $79,230,967
- Average volume
- 9,347
- Dividend
- $4.866
- Ex-dividend date
- 12/18/2025
- Payment date
- 12/19/2025
- Beta
- 0.98
How Dividend Vision calculates yield and returns
Distribution rate (2.19%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (8.75%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Nuveen; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
NULC risks and drawbacks
NULC's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 12.3%.
Who may consider NULC — and who may not
NULC may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (NULC pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on NULC
Frequently asked questions
Does NULC pay monthly?
No. NULC currently pays annual, not monthly.
What is NULC's expense ratio?
NULC's expense ratio is 0.21%.
How has NULC's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed +298.9%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does NULC pay a dividend?
NULC pays annual. The dividend amount is $4.866. The ex-dividend date is 12/18/2025. The payment date is 12/19/2025.
How has NULC performed?
Total return is 168.7% over the past 7.4 years, 36.3 points behind SPY at 205.0%. Over the past year its total return — price change plus distributions reinvested — is 11.0%. Its deepest 1-year drawdown was 12.3%.
Is NULC a good investment?
NULC's Dividend Vision Distribution Safety Score is 50 (Unproven). That is a risk signal, not investment advice. Its distribution rate is 2.19% (no calculation basis on file). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Nuveen.
Tickers
NULC's distribution is rated unproven by the Dividend Vision Distribution Safety Score™ (50/100, medium confidence). It pays annual and its distribution rate is 2.19%. The latest total cash payment per current share, $4.87 with an ex-date of December 18, 2025, was 298.9% higher than the previous $1.22. It is not yet confirmed whether this is an increase in the regular payout or a one-off difference.
Sources: Nuveen, Section 19a-1 notices, scoring methodology.
Holdings as-of date unavailable.
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