Morningstar

Nationwide Schroders Global Equity Fund Institutional Service Class GGESX

Morningstar Medalist Rating
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Medalist Rating as of See Nationwide Investment Hub
  • NAV / 1-Day Return $26.93  /  +1.20 %
  • Fund Size $284.3M
  • Adjusted Expense Ratio 1.020%
  • Net Expense Ratio 1.050%
  • Fee Level: Distribution High
  • Share Class Type Institutional
  • Morningstar Category Global Large-Stock Blend
  • Equity Style Box (Funds) Large Blend
  • Minimum Initial Investment $50,000
  • Investment Status Open
  • TTM Yield 0.21%
  • Turnover Ratio 42%
NAV and 1-Day Return as of

Morningstar’s Analysis GGESX

Will GGESX outperform in the 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 GGESX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

Senior Analyst Ronald van Genderen

Ronald van Genderen

Senior Analyst

Summary

A change at the helm reduces conviction. In May 2025, the strategy experienced its second change in lead portfolio management since 2021. When combined with the new lead manager’s relatively limited experience in global equities, workload considerations, and recent turnover among supporting analysts, these factors support maintaining the People Pillar rating at Average. While the key features of this long-standing strategy remain unchanged, the leadership transition warrants caution around execution, leading to a downgrade of the Process Pillar rating to Average from Above Average.

by Ronald van Genderen
Rated on Published on

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Portfolio Holdings GGESX

More GGESX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 38.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NVIDIA Corp

6.97 20M
Technology

Alphabet Inc Class A

5.84 17M
Communication Services

Microsoft Corp

5.24 15M
Technology

Apple Inc

4.26 12M
Technology

Taiwan Semiconductor Manufacturing Co Ltd

3.46 10M
Technology

Amazon.com Inc

3.10 9M
Consumer Cyclical

Samsung Electronics Co Ltd

2.92 8M
Technology

Meta Platforms Inc Class A

2.46 7M
Communication Services

JPMorgan Chase & Co

2.23 6M
Financial Services

ASML Holding NV

2.17 6M
Technology

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