Nationwide Dow Jones Risk-Managed Income ETF
NDJI
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Nationwide Plaza Columbus OH United States of America 43215
- IPO Date
- Dec 17, 2021
- CIK
- 0001540305
- Similar Companies
- Business
- Nationwide Dow Jones Risk-Managed Income ETF (NDJI) is an actively managed exchange-traded fund that seeks current income with downside protection by investing in a portfolio of stocks included in the Dow Jones Industrial Average and employing an options collar strategy using call and put options; the fund targets dividend-paying growth and value stocks across diversified market capitalizations in the United States equity market, principally through direct investments and derivatives such as zero-cost put spread collars benchmarked against the CBOE S&P 500 Zero-Cost Put Spread Collar Index for its actively managed portion, while the passively managed portion tracks the Dow Jones Industrial Average via full replication. Launched on December 16, 2021, by ETF Series Solutions and co-managed by Nationwide Fund Advisors and initially NEOS Investment Management, LLC (with sub-advisory from Harvest Volatility Management LLC), the ETF operates in the large-cap U.S. equity segment focused on volatility-hedged strategies for income-focused investors seeking reduced market volatility and principal risk mitigation. Headquartered through its adviser Nationwide Fund Advisors in Columbus, Ohio, the fund provides exposure primarily to North American large-cap companies historically recognized for financial stability. In a major strategic shift announced on January 19, 2024, Nationwide Fund Advisors initiated the closure and liquidation of NDJI along with sibling Risk-Managed Income ETFs, including Nationwide S&P 500 Risk-Managed Income ETF (NSPI) and Nationwide Russell 2000 Risk-Managed Income ETF (NTKI), citing portfolio optimization; the funds ceased trading on February 22, 2024, with liquidation of portfolio assets beginning on or about February 15, 2024, marking the ETF's delisting from the New York Stock Exchange and return of capital to shareholders. Prior to closure, the ETF distributed monthly dividends, with the final payout of $0.12 per share on January 24, 2024, reflecting an annual yield of approximately 6.63% amid its focus on high monthly income generation. This operational wind-down represents the fund's most significant recent change, with no ongoing partnerships, acquisitions, or new product launches post-announcement.