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Morningstar

Nationwide Bond Index R6 GBXIX

Morningstar Medalist Rating
Medalist Rating as of | See Nationwide Investment Hub
  • NAV / 1-Day Return 9.49  /  0.14 %
  • Total Assets 273.6 Mil
  • Adj. Expense Ratio
    0.240%
  • Expense Ratio 0.220%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Large
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 2.66%
  • Effective Duration 6.41 years

USD | NAV as of May 26, 2023 | 1-Day Return as of May 26, 2023, 11:30 PM GMT+0

Morningstar’s Analysis GBXIX

Will GBXIX 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 GBXIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the GBXIX 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 GBXIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Strength in the People Pillar isn't sufficient for Nationwide Bond Index R6 to overcome weaker marks in areas such as their Parent rating, limiting this strategy to a Morningstar Medalist Rating of Neutral. The portfolio maintains a sizable cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings GBXIX

More GBXIX Holdings
  • Current Portfolio Date Apr 30, 2023
  • Equity Holdings 0
  • Bond Holdings 1801
  • Other Holdings 1
  • % Assets in Top 10 Holdings 5.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CASH

3.58
9,912,267
Cash and Equivalents

United States Treasury Notes 4.25%

0.73
2,027,004
Government

United States Treasury Notes 3.875%

0.73
2,025,468
Government

Fnma Pass-Thru I 2%

0.61
1,696,551
Securitized

United States Treasury Notes 2.25%

0.53
1,457,434
Government

Government National Mortgage Association 2%

0.51
1,407,553
Securitized

United States Treasury Notes 3.5%

0.47
1,309,588
Government

Federal Home Loan Mortgage Corporation 2%

0.44
1,210,725
Securitized

United States Treasury Notes 0.375%

0.43
1,192,525
Government

Government National Mortgage Association 4%

0.43
1,177,770
Securitized