Nationwide Maximum Diversification U.S. Core Equity ETF
MXDU
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
FRC
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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
- Address
- DE United States of America
- IPO Date
- Sep 15, 2017
- CIK
- 0001540305
- Similar Companies
- Business
- Nationwide Maximum Diversification U.S. Core Equity ETF (MXDU) is an exchange-traded fund that seeks to replicate the performance of the TOBAM Maximum Diversification USA Index before fees and expenses. The fund provides exposure to a rules-based, diversified portfolio of common and preferred stocks of large- and mid-cap U.S. companies, utilizing TOBAM's proprietary Diversification Ratio to minimize correlations among holdings while applying liquidity and socially responsible investment screens; it emphasizes higher risk-adjusted returns relative to traditional market-cap-weighted strategies. MXDU operates within the large-cap equity segment, targeting investors seeking core U.S. equity allocation with enhanced diversification, and its holdings are predominantly concentrated in North American issuers. Launched in September 2017 as Nationwide's entry into the ETF market, MXDU is issued and managed by Nationwide Financial Services, Inc., a subsidiary of Nationwide Mutual Insurance Company, headquartered in Columbus, Ohio. The ETF trades on U.S. exchanges and focuses exclusively on the U.S. equity market without notable international geographic operations. No major recent changes, such as partnerships, acquisitions, funding rounds, or product launches, have been reported for MXDU within the last 1-2 years; the fund continues to track its established index methodology amid stable operations.