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Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Nationwide Government Money Market Fund

GMIXX | Fund

$1.00

$12 M

0.00%

0.46%

Vitals

YTD Return

1.2%

1 yr return

4.8%

3 Yr Avg Return

N/A

5 Yr Avg Return

1.7%

Net Assets

$12 M

Holdings in Top 10

58.1%

52 WEEK LOW AND HIGH

$1.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.46%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Money Market Fund

Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Nationwide Government Money Market Fund

GMIXX | Fund

$1.00

$12 M

0.00%

0.46%

GMIXX - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.00%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nationwide Government Money Market Fund
  • Fund Family Name
    Nationwide Mutual Funds
  • Inception Date
    May 10, 2007
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Management Team

Fund Description

The Fund seeks to maintain a stable price of $1.00 per share by using the amortized cost method of valuation to value portfolio securities. The Fund invests primarily in a portfolio of U.S. government securities and repurchase agreements that are collateralized fully by cash or U.S. government securities, and which mature in 397 calendar days or less, with certain exceptions permitted by applicable regulations. U.S. government securities are debt securities issued and/or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the government of the United States.The Fund limits investments to those securities that are Eligible Securities as defined by applicable regulations at the time of purchase (i.e., securities that are determined to present minimal credit risks, government securities, and shares of other money market funds). The Fund maintains a dollar-weighted average maturity of no more than 60 calendar days and a dollar-weighted average life of no more than 120 calendar days that is determined without reference to certain interest rate readjustments.The Fund operates as a “Government Money Market Fund,” as defined in Rule 2a-7 under the Investment Company Act of 1940, as amended. This means that the Fund invests at least 99.5% of its total assets in (1) U.S. government securities, (2) repurchase agreements that are collateralized fully by U.S. government securities or cash, (3) cash, and/or (4) other money market mutual funds that operate as Government Money Market Funds. Under normal circumstances, the Fund invests at least 80% of its net assets in U.S. government securities and repurchase agreements that are fully collateralized by U.S. government securities. In contrast to the Fund’s 99.5% policy, the Fund’s 80% policy does not include cash.The Fund does not currently intend to impose liquidity fees on Fund redemptions. However, the Fund’s Board of Trustees reserves the ability to subject the Fund to a liquidity fee in the future, after providing prior notice to shareholders.Because the Fund invests in short-term securities, the Fund’s subadviser generally sells securities only to meet liquidity needs, to maintain target allocations or to take advantage of more favorable opportunities.
Read More

GMIXX - Performance

Return Ranking - Trailing

Period GMIXX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% 0.0% 1.9% 94.54%
1 Yr 4.8% 0.5% 5.7% 72.21%
3 Yr N/A* 0.7% 2.8% 20.51%
5 Yr 1.7%* 0.7% 110.6% 58.21%
10 Yr N/A* 0.3% 32.1% 57.58%

* Annualized

Return Ranking - Calendar

Period GMIXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% -0.1% 5.0% 97.51%
2022 0.0% 0.0% 1.2% 19.85%
2021 N/A 0.0% 0.0% 10.66%
2020 N/A 0.0% 0.4% 11.27%
2019 N/A 0.0% 2.0% 18.07%

Total Return Ranking - Trailing

Period GMIXX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% 0.0% 1.9% 94.54%
1 Yr 4.8% 0.5% 5.7% 72.21%
3 Yr N/A* 0.7% 2.8% 20.51%
5 Yr 1.7%* 0.7% 110.6% 58.21%
10 Yr N/A* 0.3% 32.1% 57.58%

* Annualized

Total Return Ranking - Calendar

Period GMIXX Return Category Return Low Category Return High Rank in Category (%)
2023 4.9% 0.8% 5.9% 63.43%
2022 1.0% 0.0% 1.8% 82.70%
2021 N/A 0.0% 1.9% 10.66%
2020 N/A 0.0% 3.0% 11.27%
2019 N/A 0.0% 3797.9% 69.78%

NAV & Total Return History

GMIXX - Holdings

Concentration Analysis

GMIXX Category Low Category High GMIXX % Rank
Net Assets 12 M 818 K 211 B 93.35%
Number of Holdings 48 1 346 49.88%
Net Assets in Top 10 323 M -343 K 163 B 86.46%
Weighting of Top 10 58.08% 22.7% 100.0% 64.79%

Top 10 Holdings

  1. United States Treasury Bills 8.86%
  2. United States Treasury Bills 7.70%
  3. RBC DOMINION SECURITIES INC REPO DRP2 0.8 6.29%
  4. United States Treasury Bills 5.87%
  5. United States Treasury Bills 5.71%
  6. United States Treasury Bills 5.62%
  7. MUFG SECURITIES (CANADA) LTD REPO DRP2 0.8 5.39%
  8. United States Treasury Bills 5.23%
  9. United States Treasury Bills 4.93%
  10. United States Treasury Bills 4.85%

Asset Allocation

Weighting Return Low Return High GMIXX % Rank
Cash 		81.05% 25.56% 100.00% 24.88%
Bonds 		18.95% 0.00% 74.44% 72.04%
Stocks 		0.00% 0.00% 0.00% 19.43%
Preferred Stocks 		0.00% 0.00% 0.00% 19.43%
Other 		0.00% -1.67% 0.04% 19.67%
Convertible Bonds 		0.00% 0.00% 21.22% 26.54%

Bond Sector Breakdown

Weighting Return Low Return High GMIXX % Rank
Cash & Equivalents 		81.05% 0.00% 100.00% 22.75%
Government 		18.95% 0.00% 44.01% 70.62%
Derivative 		0.00% 0.00% 0.00% 19.43%
Securitized 		0.00% 0.00% 1.75% 21.56%
Corporate 		0.00% 0.00% 100.00% 35.07%
Municipal 		0.00% 0.00% 22.71% 24.88%

Bond Geographic Breakdown

Weighting Return Low Return High GMIXX % Rank
US 		18.95% 0.00% 72.86% 72.04%
Non US 		0.00% 0.00% 3.41% 20.85%

GMIXX - Expenses

Operational Fees

GMIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.46% 0.08% 4.53% 39.38%
Management Fee 0.30% 0.03% 0.50% 86.97%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

GMIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 5.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

GMIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 5.00% 5.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GMIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 485.00% N/A

GMIXX - Distributions

Dividend Yield Analysis

GMIXX Category Low Category High GMIXX % Rank
Dividend Yield 0.00% 0.00% 5.56% 57.58%

Dividend Distribution Analysis

GMIXX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

GMIXX Category Low Category High GMIXX % Rank
Net Income Ratio 0.00% -1.09% 1.67% 84.11%

Capital Gain Distribution Analysis

GMIXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

GMIXX - Fund Manager Analysis

Managers

Management Team

Start Date

Tenure

Tenure Rank

Apr 02, 2009

13.17

13.2%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 46.68 14.93 19.01

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