Nationwide Mid Cap Market Index Fund Class A

Frequently Asked Questions About GMXAX

What does GMXAX invest in?

The core objective of this investment fund is to closely mirror the performance of the S&P MidCap 400 Index, prior to accounting for any fund-related expenses. Typically, the fund allocates at least 80% of its net assets to the equity securities of companies included within this index. The S&P MidCap 400 Index itself is comprised of roughly 400 mid-capitalization U.S. firms operating across a diverse range of sectors. To achieve its goal, the fund's adviser utilizes a passive management approach, often referred to as indexing, which endeavors to closely replicate the index's returns before the impact of operational costs.

What is the expense ratio of GMXAX?

Nationwide Mid Cap Market Index Fund Class A (GMXAX) charges an expense ratio of 0.67%. This is the annual fee deducted from fund assets to cover management and operations.

How big is GMXAX?

Nationwide Mid Cap Market Index Fund Class A (GMXAX) manages $495.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is GMXAX actively managed or an index fund?

GMXAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was GMXAX launched?

Nationwide Mid Cap Market Index Fund Class A (GMXAX) launched in December 1999 and is managed by the fund issuer.

How has GMXAX performed?

GMXAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.