Nationwide S&P 500 Risk-Managed Income ETF
NSPI
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
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
- Address
- DE United States of America
- IPO Date
- Dec 17, 2021
- CIK
- 0001540305
- Similar Companies
- Business
- Nationwide S&P 500 Risk-Managed Income ETF (NSPI) is an actively managed exchange-traded fund that seeks current income with downside protection principally by investing in a portfolio of stocks included in the S&P 500 Index and implementing an options collar strategy. The fund employs a dual approach, with a passively managed portion tracking the S&P 500 via full replication and an actively managed portion benchmarking the CBOE S&P 500 Zero-Cost Put Spread Collar Index using derivatives such as short call options and long put options rolled monthly; it focuses on dividend-paying growth and value stocks across diversified sectors and market capitalizations in the United States public equity markets. NSPI was launched in September 2022 as part of Nationwide's suite of risk-managed income ETFs, issued through ETF Series Solutions and co-managed by Nationwide Fund Advisors and Harvest Volatility Management, LLC, with operations domiciled in the United States and tied to Nationwide Mutual Insurance Company, headquartered in Columbus, Ohio. In a significant operational change, Nationwide announced the closure and liquidation of NSPI on January 19, 2024, following evaluation of its long-term growth prospects by the Board of Trustees of ETF Series Solutions; trading ceased on February 22, 2024, with portfolio liquidation beginning around February 15, 2024, and proceeds distributed to remaining shareholders. This decision affected NSPI alongside two sister funds, Nationwide Dow Jones Risk-Managed Income ETF (NDJI) and Nationwide Russell 2000 Risk-Managed Income ETF (NTKI), reflecting a strategic shift away from underperforming products in the volatility-hedged equity ETF segment. Prior to closure, the fund targeted income-seeking investors, such as retirees, through monthly distributions derived from options premiums, dividends, and capital appreciation potential while aiming to reduce portfolio volatility and interest rate sensitivity relative to traditional equity or fixed-income strategies.