Nationwide Maximum Diversification U.S. Core Equity ETF
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Company Overview
MXDU is an exchange-traded fund (ETF) that tracks the TOBAM Maximum Diversification USA Index. The fund seeks to achieve long-term capital appreciation by providing exposure to large and mid-cap U.S. equity securities while maximizing the diversification benefits across securities within its investment universe.
The fund employs a passive investment approach and uses a proprietary quantitative model to construct its portfolio. It aims to reduce concentration risk by maximizing the diversification ratio of the portfolio while maintaining certain investment constraints.
Revenue Sources
PassAs an ETF tracking a broad U.S. equity index, MXDU's underlying holdings are regularly reviewed and rebalanced. While some constituent companies may have exposure to non-compliant activities, the fund's documentation and holdings indicate that no single non-compliant source exceeds the 2.5% threshold for the fund as a whole.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
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While ETFs may generate some incidental interest income from cash management activities, MXDU's primary source of returns comes from capital appreciation and dividends from its equity holdings. The fund's structure and operations do not indicate material reliance on interest-based income or financing.
Operational Ethics
PassBased on available information from SEC filings and fund documentation, MXDU does not maintain direct ongoing relationships with entities involved in human rights violations. The fund's investments are primarily in U.S.-based companies tracked by its underlying index.
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