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Morningstar

Nationwide Bond Index A GBIAX

Morningstar Medalist Rating
Medalist Rating as of | See Nationwide Investment Hub
  • NAV / 1-Day Return 9.57  /  +0.34 %
  • Total Assets 257.6 Mil
  • Adj. Expense Ratio
    0.640%
  • Expense Ratio 0.640%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 2,000
  • Status Open
  • TTM Yield 2.95%
  • Effective Duration 6.01 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 PM GMT+0

Morningstar’s Analysis GBIAX

Will GBIAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable GBIAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the GBIAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of GBIAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Nationwide Bond Index A boasts strong People and Process Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings GBIAX

More GBIAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 5.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CASH

3.84 10.1 Mil
Cash and Equivalents

United States Treasury Notes 3.875%

0.57 1.5 Mil
Government

United States Treasury Notes 2.25%

0.55 1.5 Mil
Government

Fnma Pass-Thru I 2%

0.55 1.4 Mil
Securitized

United States Treasury Notes 4.75%

0.54 1.4 Mil
Government

United States Treasury Notes 3.5%

0.49 1.3 Mil
Government

United States Treasury Notes 3.5%

0.48 1.3 Mil
Government

United States Treasury Notes 0.375%

0.47 1.2 Mil
Government

Government National Mortgage Association 2%

0.46 1.2 Mil
Securitized

Federal National Mortgage Association 5.5%

0.43 1.1 Mil
Securitized