Nationwide Maximum Diversification Emerging Markets Core Equity ETF
MXDE
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- IPO Date
- Mar 26, 2018
- CIK
- 0001540305
- Similar Companies
- Business
- Nationwide Maximum Diversification Emerging Markets Core Equity ETF (MXDE) seeks to track the total return performance, before fees and expenses, of the TOBAM Maximum Diversification Emerging Index. The ETF provides exposure to a diversified portfolio of common and preferred stocks, or depositary receipts, of companies in emerging markets, utilizing TOBAM's proprietary Diversification Ratio methodology to minimize correlations among holdings while applying liquidity and socially responsible investment screens within a 50% active share constraint relative to the MSCI Emerging Markets Index benchmark. It operates within the diversified emerging markets equities segment, targeting investors seeking enhanced risk-adjusted returns through maximum diversification strategies. The fund, issued through ETF Series Solutions and advised by Nationwide Fund Advisors with TOBAM as index provider, lists on NYSE Arca and maintains approximately 293 holdings with top 10 positions comprising around 16% of assets. Geographic operations focus on emerging market countries, including significant allocations to regions like Asia, Latin America, and others as determined by the index. Launched in September 2020 and headquartered in Columbus, Ohio through Nationwide Financial Services, the ETF emphasizes core equity exposure without noted subsidiaries or parent relationships beyond its trust structure. In July 2020, Nationwide announced the closure and liquidation of the MXDE ETF, with trading ceasing on August 27, 2020, and final distributions to shareholders occurring after August 28, 2020, due to assessed long-term growth prospects amid the COVID-19 pandemic's impact on emerging markets. This operational termination represents the primary recent strategic shift, rendering the ETF defunct and no longer active or tradable on major platforms. No subsequent relaunches, acquisitions, or partnerships involving MXDE have been reported.