Nationwide S&P 500 Index Fund

Frequently Asked Questions About GRMIX

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 $1.84B 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.