*Distribution Yield: The annual yield an investor would receive if the most recent fund distribution remained the same going forward. The distribution yield represents a single distribution from the Fund and is not a representation of the Fund's total return. The distribution yield is calculated by multiplying the most recent distribution by 12 in order to annualize it, and then dividing by the Fund's NAV.
For standardized performance, a comparative risk discussion of NUSI vs. each index, and the index definitions, please click here.
The designated proxies for each asset class include ETFs that seek to provide exposure to or track an index comprised of a comprehensive, diversified basket of securities that can be reasonably deemed as representative of the applicable asset class. The underlying indexes for these proxies include: High Dividend Stocks, FTSE® High Dividend Yield Index; REITs, FTSE® Nareit Equity REITS Index; Emerging Market Debt, J.P. Morgan EMBI Global Core Index; High-Yield Bonds, Markit iBoxx USD Liquid High Yield Index; Preferreds, ICE BofAML Core Plus Fixed Rate Preferred Securities Index; MLPs, Alerian MLP Infrastructure Index. Source: Bloomberg (2021).
|As of:||As of: 6/30/21|
|30-Day SEC Yield||0.03%|
|Gross Expense Ratio||0.68%|
|NUSI Inception Date||12/19/19|
|Average Annual Performance (as of: 6/30/2021)||3 Mo||1 Yr||Since Inception|
|Nationwide Risk-Managed Income ETF (Market Price)||7.01%||11.68%||17.15%|
|Nationwide Risk-Managed Income ETF (NAV)||6.97%||11.38%||17.01%|
|CBOE S&P 500 Zero-Cost Put Spread Collar Index (Benchmark)||3.77%||31.53%||12.50%|
The results shown represent past performance; past performance does not guarantee future results. Current performance may be lower or higher than the past performance shown, which does not guarantee future results. Share price, principal value, and return will vary, and you may have a gain or a loss when you sell your shares. To obtain the most recent month-end performance, go to etf.nationwide.com or call 1-877-893-1830.
Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made solely on returns.
To learn about the sourcing and treatment of NUSI's monthly distributions, click here.
For NUSI's 2021 distribution calendar, click here.
|30-day volatility as of: 6/30/2021|
|NUSI||High Yield Bonds||Preferreds||Emerging Market Debt||High Dividend Stocks||REITs||MLPs|
30-day volatility (Source: Ycharts): Volatility is used as a measure of a security’s riskiness. Typically investors view a high volatility as high risk. 30-day rolling volatility = standard deviation of the last 30 percentage changes in Total Return Price. Standard deviation is a measure of price variability (risk).
|Beta as of: 6/30/2021|
|NUSI||Emerging Market Debt||High Yield Bonds||Preferreds||High Dividend Stocks||REITs||MLPs|
Beta (Source: Investopedia): Beta, used in capital asset pricing model (CAPM), is a measure of the volatility, or systematic risk, of a security or portfolio, in comparison to the market as a whole.
Managed by Harvest Volatility Management, an experienced derivative asset management firm, the strategy offers an innovative approach to traditional income investing by employing a dynamic, risk-managed, net credit collar.
Purchase all underlying stocks in the Nasdaq-100 Index.
Deploys a rules-based options collar strategy.
Monthly distributions are paid to investors using a portion of the premium generated by the call option.
Additional premium may be used to reinvest in the underlying portfolio of Nasdaq-100 stocks.
Income from net realized capital gains, if any, are distributed annually.
The Nationwide Risk Managed Income ETF is designed for income-focused investors seeking to lower their exposure to market volatility and minimize the potential for losses during down markets. NUSI can be used to enhance and diversify core income-oriented portfolio allocations in the following ways:
*The results shown represent past performance; past performance does not guarantee future results. Current performance may be lower or higher than the past performance shown. Share price, principal value, and return will vary, and you may have a gain or a loss when you sell your shares. Short term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made solely on returns. To obtain the most recent month-end performance, go to etf.nationwide.com or call 1-877-893-1830.
For standardized performance and detailed holdings, please click here. The Fund's gross expense ratio is 0.68%.
Distribution Yield: The annual yield an investor would receive if the most recent fund distribution remained the same going forward. The distribution yield represents a single distribution from the Fund and is not a representation of the Fund's total return. The distribution yield is calculated by multiplying the most recent distribution by 12 in order to annualize it, and then dividing by the Fund's NAV.
Call Option (source: Investopedia): Call options are financial contracts that give the option buyer the right, but not the obligation, to buy a stock, bond, commodity or other asset or instrument at a specified price within a specific time period. The stock, bond, or commodity is called the underlying asset.
Covered Call (source: Investopedia): A covered call refers to transaction in the financial market in which the investor selling call options owns the equivalent amount of the underlying security. To execute this an investor holding a long position in an asset then writes (sells) call options on that same asset to generate an income stream. The investor's long position in the asset is the "cover" because it means the seller can deliver the shares if the buyer of the call option chooses to exercise.
Nationwide shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Total returns are calculated using the daily 4:00pm EST net asset value (NAV). Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times.
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The Fund's return may not match or achieve a high degree of correlation with the return of the underlying index.
Call 800-617-0004 to request a summary prospectus and/or a prospectus, or download prospectuses at etf.nationwide.com. These prospectuses outline investment objectives, risks, fees, charges and expenses, and other information that you should read and consider carefully before investing.
KEY RISKS: The Fund is subject to the risks of investing in equity securities, including tracking stock (a class of common stock that “tracks” the performance of a unit or division within a larger company). A tracking stock’s value may decline even if the larger company’s stock increases in value. The Fund is subject to the risks of investing in foreign securities (currency fluctuations, political risks, differences in accounting and limited availability of information, all of which are magnified in emerging markets). The Fund may invest in more-aggressive investments such as derivatives (which create investment leverage and illiquidity and are highly volatile). The Fund employs a collared options strategy (using call and put options is speculative and can lead to losses because of adverse movements in the price or value of the reference asset). The success of the Fund’s investment strategy may depend on the effectiveness of the subadviser’s quantitative tools for screening securities and on data provided by third parties. The Fund expects to invest a portion of its assets to replicate the holdings of an index. Correlation between Fund performance and index performance may be affected by Fund expenses and because the Fund may not be invested fully in the securities of the index or may hold securities not included in the index. The Fund frequently may buy and sell portfolio securities and other assets to rebalance its exposure to various market sectors. Higher portfolio turnover may result in higher levels of transaction costs paid by the Fund and greater tax liabilities for shareholders. The Fund may concentrate on specific sectors or industries, subjecting it to greater volatility than that of other ETFs. The Fund may hold large positions in a small number of securities, and an increase or decrease in the value of such securities may have a disproportionate impact on the Fund’s value and total return. Although the Fund intends to invest in a variety of securities and instruments, the Fund will be considered nondiversified. Additional Fund risk includes: Collared options strategy risk, correlation risk, derivatives risk, foreign investment risk, and industry concentration risk.
Nasdaq-100 Index: An unmanaged, market capitalization-weighted index of the 100 largest, most actively traded U.S companies listed on the Nasdaq stock exchange. The Index includes companies from various industries except for the financial industry, like commercial and investment banks. These non-financial sectors include retail, biotechnology, industrial, technology, health care, and others. Market index performance is provided by a third-party source Nationwide Funds Group deems to be reliable (Morningstar). Indexes are unmanaged and have been provided for comparison purposes only. No fees or expenses have been reflected. Individuals cannot invest directly in an index.
Nasdaq® and the Nasdaq-100® are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Nationwide Fund Advisors. The Product has not been passed on by the Corporations as to their legality or suitability. The Product is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT.
Nationwide Fund Advisors (NFA) is the registered investment advisor to Nationwide ETFs, which are distributed by Quasar Distributors LLC. NFA is not affiliated with any distributor, subadviser, or index provider contracted by NFA for the Nationwide ETFs. Nationwide is not an affiliate of third-party sources such as Morningstar, Inc or MSCI. Representatives of the Nationwide ETF Sales Desk are registered with Nationwide Investment Services Corporation (NISC), member FINRA, Columbus, Ohio.
MFM-3673AO.8 (07/21) Q-202100709-0102