Nationwide Mid Cap Market Index Fund Class A (GMXAX)

Overview

The fund is designed to offer investors exposure to the mid-cap segment of the U.S. equity market by investing primarily in companies that are part of the S&P MidCap 400® Index. This Index is composed of around 400 mid-cap U.S. companies across a diverse range of industries, providing a comprehensive snapshot of this market segment. The fund employs a passive management, or indexing, strategy aiming to closely match the performance of the S&P MidCap 400® Index before the deduction of fund expenses. By doing so, it seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P MidCap 400® Index.

Products and Services

• Equity Securities Investment - The fund’s primary service is the investment in equity securities of companies that are part of the S&P MidCap 400® Index. These are stocks representing mid-cap U.S. companies across various sectors, providing a balanced exposure to the mid-tier of the American corporate landscape.

This approach allows investors to participate in the growth potential of mid-cap companies, which can offer a blend of growth and stability not always found in the more volatile small-cap sector or the more mature large-cap sector.

• Passive Management Strategy - Employing a passive management or indexing strategy, the fund seeks to replicate the performance of the S&P MidCap 400® Index. This involves buying a portfolio of stocks that, in aggregate, approximates the index in terms of key characteristics, such as company size and industry weighting.

This passive investment approach reduces the fund's costs related to active management, such as frequent trading, research, and analysis, potentially resulting in lower expense ratios for investors. The fund’s goal is to match the performance of the S&P MidCap 400® Index, providing a straightforward and cost-effective way for investors to gain exposure to the mid-cap equity market.