- What does GRMIX invest in?
- The Nationwide S&P 500 Index Fund utilizes a passive investment strategy, often referred to as indexing. Its main goal is to closely track the performance of the S&P 500 Index, before factoring in its own operating costs. The S&P 500 Index itself is composed of roughly 500 stocks from major U.S. companies across a diverse range of business sectors. However, this fund isn't required to invest in every single security within the S&P 500, nor does it necessarily replicate the exact market capitalization weightings of each company in the index.
- What is the expense ratio of GRMIX?
- Nationwide S&P 500 Index Fund (GRMIX) charges an expense ratio of 0.18%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is GRMIX?
- Nationwide S&P 500 Index Fund (GRMIX) manages $1.83B 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 GRMIX actively managed or an index fund?
- GRMIX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (GRMIX's is 0.18%) because there's no security selection cost.
- When was GRMIX launched?
- Nationwide S&P 500 Index Fund (GRMIX) launched in December 1999 and is managed by the fund issuer.
- How has GRMIX performed?
- GRMIX'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.
