# Nationwide S&P 500 Index Fund (GRMIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/grmix for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Passive Index · Inception: 1999-12-30 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. ## Key Facts | Metric | Value | |---|---| | Price | $34.41 | | Expense Ratio | 0.18% | | Assets Under Management | $1.84B | | NAV | $34.41 | | Holdings Count | — | | Distribution Yield (TTM) | 4.79% | | Annual Distribution (TTM) | $1.65 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $28.62 – $35.28 | | Beta | 1.00 | ## Latest Distribution - Amount: $0.0717 /share - Ex-date: 2026-09-16 - Pay date: 2026-09-17 ## Frequently Asked Questions ### 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. ### Does GRMIX pay a dividend? Nationwide S&P 500 Index Fund (GRMIX) currently distributes little or no income. Trailing-twelve-month yield is 4.79%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does GRMIX pay dividends? Nationwide S&P 500 Index Fund pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is GRMIX's dividend yield? GRMIX's trailing-twelve-month yield is 4.79%, calculated from the sum of dividends over the past year divided by the current price. ### When is GRMIX's next ex-dividend date? The most recently announced ex-dividend date for GRMIX was 2026-09-16. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will GRMIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.18% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does GRMIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from GRMIX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does GRMIX cost more than a fund like VOO? GRMIX is a passive index fund (current expense ratio 0.18%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to GRMIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as GRMIX (0.18%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/grmix - Distribution history: https://www.dividenddata.com/funds/grmix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/grmix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/grmix/expenses - Peer comparison: https://www.dividenddata.com/funds/grmix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.