Nationwide Small Cap Index Fund Class A (GMRAX)
| Fund Assets | 214.16M |
| Expense Ratio | 0.68% |
| Min. Investment | $2,000 |
| Turnover | 15.50% |
| Dividend (ttm) | 0.61 |
| Dividend Yield | 4.83% |
| Dividend Growth | n/a |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Jun 9, 2025 |
| Previous Close | 11.43 |
| YTD Return | -2.20% |
| 1-Year Return | 7.88% |
| 5-Year Return | 57.27% |
| 52-Week Low | 9.27 |
| 52-Week High | 13.40 |
| Beta (5Y) | n/a |
| Holdings | 1927 |
| Inception Date | Dec 29, 1999 |
About GMRAX
The Nationwide Small Cap Index Fund Class A is a mutual fund designed to closely track the performance of the Russell 2000 Index. Its primary function is to provide investors with a representative slice of the U.S. small-cap equity market by investing in a diversified array of approximately 2,000 smaller-capitalization U.S. companies across various industries. The fund follows a low-cost, passive index strategy, aiming for minimal deviation from its benchmark’s returns before the deduction of fund expenses. This fund typically maintains broad diversification, with its top holdings accounting for only a small fraction of total assets, reducing exposure to individual company risk. It is categorized in the small blend segment, meaning it invests in a mix of growth and value stocks at the lower end of the market capitalization spectrum. Because small-cap companies often exhibit higher growth potential but also greater volatility, the fund plays a significant role for investors seeking exposure to this dynamic segment of the U.S. equity market without the need for individual stock selection.
Performance
GMRAX had a total return of 7.88% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.68%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FCPEX | Fidelity | Fidelity Small Cap Enhanced Index Fund | 0.55% |
| SWSSX | Schwab | Schwab Small Cap Index Fund® | 0.04% |
| FSSNX | Fidelity | Fidelity Small Cap Index Fund | 0.03% |
| FSCRX | Fidelity | Fidelity Small Cap Discovery Fund | 1.03% |
| FSSLX | Fidelity | Fidelity Series Small Cap Core | 0.01% |
Top 10 Holdings
4.59% of assets| Name | Symbol | Weight |
|---|---|---|
| Sprouts Farmers Market, Inc. | SFM | 0.71% |
| MICRO EMIN RUS2000 EQUITY INDEX 20/JUN/2025 HWRM5 | n/a | 0.53% |
| Insmed Incorporated | INSM | 0.49% |
| FTAI Aviation Ltd. | FTAI | 0.48% |
| Carpenter Technology Corporation | CRS | 0.46% |
| Hims & Hers Health, Inc. | HIMS | 0.44% |
| CASH | n/a | 0.39% |
| Rocket Lab USA Inc | 6RJ0.DE | 0.38% |
| Applied Industrial Technologies, Inc. | AIT | 0.35% |
| Mueller Industries, Inc. | MLI | 0.35% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 9, 2025 | $0.0224 | Jun 10, 2025 |
| Dec 19, 2024 | $0.53335 | Dec 20, 2024 |
| Sep 9, 2024 | $0.05113 | Sep 10, 2024 |
| Dec 20, 2023 | $0.06163 | Dec 21, 2023 |
| Sep 11, 2023 | $0.02284 | Sep 12, 2023 |
| Jun 12, 2023 | $0.02672 | Jun 13, 2023 |