Nationwide Mid Cap Market Index Fund Class R
GMXRX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Nationwide Plaza Columbus OH United States of America 43215
- IPO Date
- Mar 19, 2007
- CIK
- 0001048702
- Website
- nationwide.com
- Similar Companies
- Business
- Nationwide Mid Cap Market Index Fund Class R (GMXRX) is an open-end mutual fund that seeks to match the performance of the S&P MidCap 400 Index as closely as possible before the deduction of fund expenses; it normally invests at least 80% of its net assets in equity securities of companies included in the S&P MidCap 400 Index, which comprises approximately 400 mid-cap U.S. companies across a wide range of industries. The fund employs a passive, low-turnover investment strategy focused on mid-cap blend equities, with total net assets of approximately $525 million, an adjusted expense ratio of 1.01%, and a portfolio that is predominantly allocated to U.S. stocks (97.46%), supplemented by minor non-U.S. stock exposure (2.53%). It targets retirement and institutional investors through its Class R share structure, which features a medium distribution fee level and no minimum initial investment. Offered by Nationwide Funds Group, Inc., a subsidiary of Nationwide Mutual Insurance Company, the fund benefits from management by a team of experienced portfolio managers, including Jennifer Hsui (since April 2019), Peter Sietsema (since February 2023), and recent additions Matt Waldron and Steven White (both since July 2025). Nationwide Mutual Insurance Company, founded in 1925 and headquartered in Columbus, Ohio, operates as a Fortune 100 diversified financial services organization with a strong focus on insurance, annuities, retirement plans, and mutual funds distributed nationwide in the United States. Recent developments include portfolio manager changes in July 2025 with the addition of Matt Waldron and Steven White, enhancing the fund's management depth amid ongoing passive strategy implementation. Nationwide Funds Group has pursued broader strategic expansions, such as completing the acquisition of Jefferson National in early 2024 to bolster tax-advantaged investing solutions and brokerage distribution, and launching innovative products like the first actively managed mutual fund within a registered index-linked annuity (RILA) in partnership with Annexus and Capital Group in April 2025. In November 2025, AM Best affirmed strong credit ratings for Nationwide groups, reflecting balanced sheet strength and operational improvements, while the company reported record 2024 sales exceeding prior years with nearly $21 billion in member claims and benefits. These initiatives underscore Nationwide's commitment to growth in asset management and retirement offerings without specific acquisitions or launches directly impacting GMXRX in the past 1-2 years.