Nationwide Mid Cap Market Index Fund Institutional Service Class (NWXQX)

Overview

The fund is designed to cater to investors seeking exposure to mid-cap U.S. companies through a strategy that mirrors the performance of the S&P MidCap 400® Index. With an investment strategy that allocates at least 80% of its net assets in the equity securities featured within this index, the fund aims to represent the dynamics and performance of approximately 400 mid-cap firms spanning a diverse range of industries. The advisory team implements a passive management or indexing approach, focusing on approximating the benchmark's performance, pre-fund expenses, rather than attempting to outperform it. This strategy provides investors with a broad exposure to mid-cap stocks, seen by some as a balance between the high growth potential of small-cap investments and the stability of large-cap ones.

Products and Services

The fund's primary offering is its investment vehicle that targets the mid-cap segment of the U.S. stock market, through:

• Equity Securities of S&P MidCap 400® Index Companies: By investing at least 80% of its net assets in the equity securities included in the S&P MidCap 400® Index, the fund offers investors exposure to a wide range of mid-cap U.S. companies across various industries. This approach is designed to mirror the performance of the mid-cap market segment as closely as possible, before the deduction of fund expenses.
• Passive Management Strategy: The advisory team follows a "passive" or indexing approach in managing the fund. This strategy focuses on replicating the performance of the S&P MidCap 400® Index rather than trying to outperform it. It is a method that aims to minimize costs and tracking errors, offering investors a transparent and predictable investment experience reflective of the mid-cap market dynamics.