About GBIAX
Nationwide Bond Index Fund Class A is an open-end mutual fund specializing in tracking the overall performance of the U.S. investment-grade bond market. Utilizing a passive, index-based approach, the fund seeks to closely replicate the risk and return profile of the Bloomberg US Aggregate Bond Index, which serves as its primary benchmark. This index includes a broad spectrum of fixed-income securities, such as U.S. government bonds, agency securities, mortgage-backed securities, and highly rated corporate bonds, providing comprehensive exposure to the intermediate-term core bond sector.
Launched in 1999, the fund is structured to appeal to investors seeking diversified bond market participation through a single, professionally managed portfolio. The fund’s holdings reflect the major segments of the U.S. bond market, with a significant share allocated to Treasury and agency debt, mortgage-backed securities, and other investment-grade bonds. Nationwide Bond Index Fund Class A is designed to offer stability of principal and regular income by capturing the overall performance of the domestic bond market, making it a key component in asset allocation strategies focused on fixed income.
Fund Family Nationwide
Category Intermediate Core Bond
Performance Rating Low
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol GBIAX
Share Class Class A
Index Bloomberg U.S. Aggregate Bond TR
GBIAX had a total return of -2.59% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.06%.
