Nationwide S&P 500 Index Fund
GRMAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Nationwide Plaza Columbus OH United States of America 43215
- IPO Date
- Dec 29, 1999
- CIK
- 0001048702
- Website
- nationwide.com
- Similar Companies
- Business
- Nationwide S&P 500 Index Fund (GRMAX) is an open-end mutual fund that seeks to provide investment results corresponding to the price and yield performance of publicly traded common stocks, as represented by the Standard & Poor's 500 Index, before the deduction of fund expenses. The fund employs a passive management approach, investing at least 80% of its net assets in equity securities of companies included in the S&P 500 Index, which comprises approximately 500 large-capitalization U.S. companies across a wide range of businesses; it tracks the index through a low-turnover, low-cost strategy focused on large-cap blend style investments. Class A shares (GRMAX) feature a front-end sales charge of 5.75%, a net expense ratio of 0.60%, and a minimum initial investment of $2,000, with total net assets of approximately $1.74 billion. The fund offers multiple share classes, including Class A (GRMAX), Institutional Service, R6, R, S, and Eagle, catering to retail investors, financial professionals, and institutional clients seeking large-blend exposure. It maintains high diversification mirroring the S&P 500's sector allocations, with top holdings such as NVIDIA Corp., Apple Inc., Microsoft Corp., Amazon.com Inc., and Broadcom Inc., representing about 28.74% of the portfolio; sector weights emphasize technology (36.87%), financial services (12.58%), and consumer cyclical (10.67%). The fund operates primarily in the United States, with nearly 99.63% of assets in U.S. stocks, and is available for sale domestically. Launched on December 30, 1999, the fund is part of Nationwide Mutual Funds, a series domiciled in the United States and headquartered at One Nationwide Plaza, Columbus, Ohio 43215. Nationwide Fund Advisors, Inc. serves as the investment adviser, overseeing the fund's operations under a manager-of-managers structure permitted by SEC exemptive order. BlackRock Investment Management, LLC acts as the subadviser, providing portfolio management with a team including Jennifer Hsui (since 2019), Peter Sietsema (since 2023), Matt Waldron (since July 2025), and Steven White (since July 2025); BlackRock, founded in 1988 and based in New York, NY, manages over $12.5 trillion in assets as of June 30, 2025. In recent developments, the fund extended its contractual expense limitation agreement with Nationwide Fund Advisors to cap annual operating expenses at 0.21% for all share classes (excluding 12b-1 fees) through at least February 28, 2026, enhancing cost efficiency. Portfolio management saw additions of Matt Waldron and Steven White as co-managers effective July 2, 2025, bolstering BlackRock's experienced team with over 20 years of average investing tenure. While Nationwide Financial Services completed acquisitions such as Jefferson National in February 2024 and reinsurance renewal rights from Markel in August 2025, no direct changes like subadviser switches or product launches specifically impacted GRMAX in the last 1-2 years.