Advertisement
Skip to Content
Morningstar

Nationwide Bond Index A GBIAX

Morningstar Analyst Rating
Quantitative rating as of | See Nationwide Investment Hub
  • NAV / 1-Day Return 9.77  /  0.79 %
  • Total Assets 256.2 Mil
  • Adj. Expense Ratio
    0.650%
  • Expense Ratio 0.640%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 2,000
  • Status Open
  • TTM Yield 2.12%
  • Effective Duration 6.32 years

USD | NAV as of Feb 04, 2023 | 1-Day Return as of Feb 04, 2023, 12:15 AM GMT+00:00

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.

Summary

|

A strong Process Pillar rating isn't sufficient for Nationwide Bond Index A to overcome lower marks in Parent and other areas. This strategy retains its Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

Unlock our full analysis with Morningstar Investor