NATIONWIDE MAXIMUM DIVERSIFICATION U.S. CORE EQUITY ETF

The investment seeks to track the total return performance, before fees and expenses, of the TOBAM Maximum Diversification USA Index (the index). The advisor attempts to invest all, or substantially all, of its assets in the component securities that make up the index. Normally, at least 80% of the fund's total assets will be invested in the component securities of the index. The index is a rules-based index that is designed to create a more diversified equity portfolio of the common and preferred stock of large and mid-capitalization U.S. companies relative to traditional market capitalization weighted benchmarks.