Nationwide Small Cap Index Fund Class A (GMRAX)
| Fund Assets | 225.83M |
| Expense Ratio | 0.68% |
| Min. Investment | $2,000 |
| Turnover | 15.50% |
| Dividend (ttm) | 0.61 |
| Dividend Yield | 4.72% |
| Dividend Growth | n/a |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Jun 9, 2025 |
| Previous Close | 12.11 |
| YTD Return | -0.15% |
| 1-Year Return | 7.26% |
| 5-Year Return | 45.18% |
| 52-Week Low | 9.27 |
| 52-Week High | 13.40 |
| Beta (5Y) | n/a |
| Holdings | 2104 |
| 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 7.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.74%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
4.10% of assets| Name | Symbol | Weight |
|---|---|---|
| MICRO EMIN RUS2000 EQUITY INDEX 19/SEP/2025 HWRU5 | n/a | 0.64% |
| Credo Technology Group Holding Ltd | CRDO | 0.53% |
| Fabrinet | FN | 0.42% |
| CASH | n/a | 0.41% |
| IonQ, Inc. | IONQ | 0.40% |
| Hims & Hers Health, Inc. | HIMS | 0.37% |
| HealthEquity, Inc. | HQY | 0.35% |
| The Ensign Group, Inc. | ENSG | 0.34% |
| Fluor Corporation | FLR | 0.34% |
| Blueprint Medicines Corporation | BPMC | 0.32% |
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 |