Nationwide Mid Cap Market Index Fund
NWXQX
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.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Nationwide Plaza Columbus OH United States of America 43215
- IPO Date
- Dec 6, 2016
- CIK
- 0001048702
- Website
- nationwide.com
- Similar Companies
- Business
- Nationwide Mid Cap Market Index Fund (NWXQX) is an open-end mutual fund that employs a passive indexing strategy to match the performance of the S&P MidCap 400 Index before fund expenses; it normally invests at least 80% of its net assets in a representative sample of equity securities included in the index, which comprises approximately 400 common stocks of U.S. mid-capitalization companies across a wide range of industries including industrials, financial services, technology, consumer cyclical, and healthcare. The fund offers share classes such as Institutional Service Class (NWXQX, with a minimum initial investment of $50,000 and net expense ratio of 0.48%), Class A (GMXAX), and Class R (GMXRX), targeting institutional and retail investors seeking low-cost exposure to the mid-cap blend segment; as of recent data, total net assets stand at approximately $537 million for NWXQX and over $524 million across related classes. Nationwide Mutual Funds, the fund sponsor, operates from its headquarters in Columbus, Ohio, with the NWXQX share class launched on December 6, 2016. Portfolio management is provided by BlackRock Investment Management, LLC, a New York-based firm founded in 1988 with over $12.5 trillion in assets under management as of June 30, 2025; the team includes Jennifer Hsui (Portfolio Manager since April 30, 2019), Peter Sietsema (Senior Portfolio Manager since February 28, 2023), and recent additions Matt Waldron and Steven White (both since July 2, 2025). The fund maintains a low-turnover, cost-efficient approach with asset allocation heavily weighted toward U.S. stocks (97.67%), minimal non-U.S. stock exposure (2.36%), and negligible cash or other assets; top holdings as of the latest reporting include EMCOR Group Inc., Comfort Systems USA Inc., Pure Storage Inc., RB Global Inc., and Flex Ltd., representing about 3.86% of the portfolio. In recent developments, the portfolio management team expanded in July 2025 with the addition of Matt Waldron and Steven White, enhancing BlackRock's oversight of the fund's indexing strategy amid continued growth in assets under management. Nationwide Funds has pursued broader strategic initiatives, including the completed acquisition of Jefferson National in early 2024, which bolstered its tax-advantaged investing solutions and brokerage distribution channels as a wholly-owned subsidiary transitioning to the Nationwide brand. The firm maintains a contractual expense limitation of 0.30% through at least February 28, 2026, applicable to all share classes excluding 12b-1 fees, supporting its low-cost positioning.