About NWXOX
The Nationwide Bond Index Institutional Service Fund is a passively managed mutual fund specializing in intermediate core bond investments. Its primary function is to closely track the performance of a broad, market-weighted benchmark of U.S. investment-grade bonds, providing diversified exposure across Treasury securities, agency debt, corporate bonds, and asset-backed securities. With over 2,300 individual holdings, the fund offers a robust level of diversification and aims to reflect the overall risk and return characteristics of the U.S. fixed income market. This fund caters primarily to institutional investors, featuring an institutional share class with a minimum initial investment requirement and an expense ratio that is competitive for its peer group. The fund regularly distributes income to shareholders and is structured to play a foundational role in portfolios seeking income, capital preservation, and broad market bond exposure. Its medium credit quality and moderate interest rate sensitivity further align it with the core bond category, making it a relevant option for institutions seeking a low-cost, comprehensive bond market investment vehicle.
Fund Family Nationwide
Category Intermediate Core Bond
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol NWXOX
Share Class Institutional Service Class
Index Bloomberg U.S. Aggregate Bond TR
NWXOX had a total return of 3.48% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.26%.
