Fund Description |
The Nationwide Maximum Diversification U.S. Core Equity ETF (the Fund ) seeks to track the total return performance, before fees and expenses, of the TOBAM Maximum Diversification USA Index (the Index ). The Index is a rules-based index that is designed to create a more diversified equity portfolio of the common and preferred stock of large and mid-capitalization U.S. companies relative to traditional market capitalization weighted benchmarks. The Index uses a quantitative model to weight companies in the Index universe to maximize the Diversification Ratio of the Index, a proprietary metric based on the volatility of each Index constituent and its correlation to the other Index constituents. |
Fund Profile |
Fund Name |
Nationwide Maximum Diversification US Core Equity ETF |
Fund Exchange Ticker |
MXDU |
Fund Sponsor |
Nationwide |
Fund ISIN |
US26922A6516 |
Net Expense Ratio |
0.34 % |
Fund Inception Date |
15 September 2017 |
Fund Legal Structure |
ETF (Open end fund) |
Exchange |
NYSE Arca |
Listing Country Code |
US |
Fund Investment Objective |
ETF Type Specific |
US Equities - Factor & Thematic |
Asset Class |
Equities (Stocks) |
Index Linked |
Passive |
Index Name |
TOBAM Maximum Diversification USA Index |
Index Provider |
TOBAM |
Currency Hedged |
No |
Inverse / Leveraged |
Not Applicable |
Developed / Emerging |
Developed Market Funds |
Market Capitalization Range |
Large & Mid Cap |
Growth Value |
Core / Blend |
Continent |
North America |
Key Statistics |
Return As of Date |
21 January 2021 |
Asset Under Management |
112.78 Million (USD) |
1 Month Total Return |
3.72 % |
Year To Date Return |
4.54 % |
1 Year Total Return |
23.64 % |
3 Year Annualized Total Return |
14.90 % |
NAV |
38.5577 |
Share Outstanding |
2,925,000 |