Nationwide S&P 500 Index Fund Class C
GRMCX
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
- Oct 22, 2003
- CIK
- 0001048702
- Similar Companies
- Business
- Nationwide S&P 500 Index Fund Class C (GRMCX) is an open-end mutual fund that seeks to provide investment results corresponding to the price and yield performance of publicly traded common stocks represented by the S&P 500 Index, employing a passive indexing strategy by investing at least 80% of its net assets in equity securities of S&P 500 companies; it offers Class C shares with a net expense ratio of approximately 1.60%, no front-end sales load but a contingent deferred sales charge, and is available to U.S. investors through financial professionals with a minimum initial investment typically around $2,000 for similar share classes. The fund is managed by Nationwide Fund Advisors, LLC (NFA), the investment adviser founded in 1999 and headquartered at 1000 Continental Drive, Suite 400, King of Prussia, Pennsylvania, which oversees a range of Nationwide mutual funds focused on equity and fixed income markets; subadvisory services for the fund are provided by BlackRock Investment Management, LLC, a New York-based firm with over $12.5 trillion in assets under management as of mid-2025. Core offerings include full replication or sampling of the S&P 500's large-cap blend composition, which emphasizes U.S. stocks across sectors like technology, financials, healthcare, and consumer goods, with approximately 99.6% allocation to U.S. equities, low turnover, and periodic rebalancing to match index weightings. Recent management enhancements include the addition of Peter Sietsema, CFA, as a senior portfolio manager in February 2023 and Matt Waldron in July 2025 to the team led by Jennifer Hsui, CFA (since 2019), strengthening BlackRock's experienced indexing expertise amid sustained market growth; the fund remains part of Nationwide Financial Services, Inc., a Columbus, Ohio-based affiliate of Nationwide Mutual Insurance Company (founded 1926), with no major acquisitions, launches, or strategic shifts reported for the fund itself in 2024-2025. It primarily targets retail and institutional investors seeking low-cost large-cap U.S. equity exposure, operates exclusively in the United States, and maintains a diversified portfolio mirroring the S&P 500's market-cap weighting without active sector bets.