MXDU

Nationwide Maximum Diversification U.S. Core Equity ETF
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74
*Unless otherwise stated, data provided by FactSet.

MXDU Fund Description

MXDU tracks an index of US companies, excluding those with business practices that contradict certain socially responsible investment values. The fund is optimized to maximize a proprietary measure of diversification.

MXDU Factset Analytics Insight

MXDU provides a portfolio of low-correlation US stocks while excluding firms that do not align with the index provider’s definition of socially responsible investing principles. The fund’s index screens the eligible universe of large- and midcap companies, removing those involved in the production of controversial weapons, tobacco, or coal, and those engaged in human rights violations, environmental damage, corruption, or other serious ethical violations. Next, the index uses a mathematical model to minimize the covariance between its constituents, resulting in a portfolio of stocks with low or negative correlations to each other. This is the “maximum diversification” alluded to in the fund’s name—but note that MXDU may not be especially diversified by more traditional measures, and holds a fraction of the names in our segment benchmark index. The model applies constraints to ensure that the portfolio does not stray too far from market weights, but these are loose enough that significant tilts are still possible. The index is reconstituted quarterly.

MXDU MSCI ESG Analytics Insight

Nationwide Maximum Diversification U.S. Core Equity ETF has an MSCI ESG Fund Rating of BBB based on a score of 4.69 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Nationwide Maximum Diversification U.S. Core Equity ETF ranks in the 35th percentile within its peer group and in the 21st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

MXDU MSCI FaCS and Factor Box

MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.

MXDU Charts And Performance

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
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Select ETFs to compare their performance:
PERFORMANCE [as of 09/12/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MXDU 1.09% 3.97% 19.60% 2.13% -- -- --
MXDU (NAV) 2.31% 3.92% 19.35% 2.15% -- -- --
MSCI USA IMI 4.44% 4.78% 21.66% 4.91% 13.55% 10.49% 13.47%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MXDU Summary Data

Nationwide
09/15/17
Open-Ended Fund
0.34%
$107.59M
$31.37K
0.24%

MXDU Portfolio Data

$77.80B
52.49
3.02
1.42%
N/A
463

MXDU Index Data

Technical
Principles-based
MSCI USA IMI

MXDU Portfolio Management

0.34%
--
--
--

MXDU Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

MXDU Fund Structure

Open-Ended Fund
No
Yes
No Policy
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

MXDU Factset Analytics Block Liquidity

As of 09/13/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of MXDU. MXDU is rated a 5 out of 5.

MXDU Tradability

1,068
$31.37K
710
$20.92K
0.24%
$0.07
0.03%
2.94% / -4.19%
None
100.00%
25,000
0.03
0.07%
0.00%
0
$29.67
5

MXDU Sector/Industry Breakdown


MXDU
Segment Benchmark
21.62%
13.46%
17.66%
17.07%
15.14%
13.44%
14.07%
6.72%
11.41%
26.09%
8.98%
3.21%
4.01%
10.53%
2.64%
2.93%
2.39%
4.58%
2.08%
1.92%

MXDU Top 10 Holdings[View All]

Kroger Co. 1.27%
14.07%

MXDU Countries


MXDU
Segment Benchmark
100.00%
99.92%
--
0.08%

MXDU Regions


MXDU
Segment Benchmark
100.00%
100.00%

MXDU Economic Development


MXDU
Segment Benchmark
100.00%
100.00%

MXDU Performance Statistics

0.94
0.85
0.85
0.85
0.30%
MSCI USA IMI

MXDU MSCI ESG Ratings

BBB
4.69 / 10
20.83
34.92
7.24%
8.36%
136.97

MXDU Benchmark Comparison Holdings

463
2426
450
44.89%

MXDU Benchmark Comparison Summary


MXDU
Segment Benchmark
463
2426
$77.80B
$205.15B
52.49
24.01
3.02
3.16
2.16%
1.84%
Low
Low

MXDU Benchmark Comparison Market Cap Size


MXDU
Segment Benchmark
77.91%
82.24%
22.09%
13.33%
0.00%
4.00%
0.00%
0.39%