Investment objective & strategy
As of Feb. 19, 2026 · prospectusObjective. The Nationwide Mid Cap Market Index Fund seeks to match the performance of the Standard & Poors MidCap 400 Index (S&P MidCap 400 Index) as closely as possible before the deduction of Fund expenses.
Strategy. The Fund employs a passive management, or indexing, approach, which seeks to match approximately the performance of the S&P MidCap 400 Index before the deduction of Fund expenses. The S&P MidCap 400 Index includes equity securities of approximately 400 mid-cap U.S. companies in a wide range of businesses. Under normal circumstances, the Fund invests at least 80% of its net assets in securities of companies included in the S&P MidCap 400 Index. The Fund does not necessarily invest in all of the securities included in the S&P MidCap 400 Index or in the same weightings. The Fund intends to be diversified in approximately the same proportion as the S&P MidCap 400 Index is diversified. The Fund may become nondiversified, as … The Fund employs a passive management, or indexing, approach, which seeks to match approximately the performance of the S&P MidCap 400 Index before the deduction of Fund expenses. The S&P MidCap 400 Index includes equity securities of approximately 400 mid-cap U.S. companies in a wide range of businesses. Under normal circumstances, the Fund invests at least 80% of its net assets in securities of companies included in the S&P MidCap 400 Index. The Fund does not necessarily invest in all of the securities included in the S&P MidCap 400 Index or in the same weightings. The Fund intends to be diversified in approximately the same proportion as the S&P MidCap 400 Index is diversified. The Fund may become nondiversified, as defined in the Investment Company Act of 1940 Act, as amended (the 1940 Act), solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the S&P MidCap 400 Index. A nondiversified fund generally invests a greater proportion of its assets in the securities of one or more issuers and invests overall in a smaller number of issuers than a diversified fund. Shareholder approval will not be sought if the Fund becomes nondiversified due solely to a change in the relative market capitalization or index weighting of one or more constituents of the S&P MidCap 400 Index.
Top holdings
As of April 30, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Treasury Repurchase Agreement | — | $19.93M | 4.16% |
| Treasury Repurchase Agreement | NMRA | $5.00M | 1.05% |
| Treasury Repurchase Agreement | — | $5.00M | 1.05% |
| FLEX LTD | — | $4.66M | 0.97% |
| TECHNIPFMC PLC | — | $4.24M | 0.89% |
| CURTISS WRIGHT CORPORATION | — | $3.69M | 0.77% |
| XPO LOGISTICS INC | — | $3.57M | 0.75% |
| UNITED THERAPEUTICS CORP DEL | — | $3.40M | 0.71% |
| MASTEC INC | — | $3.33M | 0.70% |
| FABRINET | — | $3.32M | 0.69% |
Portfolio moves
Jan 31, 2026 → Apr 30, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| SA Mid Cap Index Portfolio | 94% | 0.36% |
| State Street SPDR S&P MidCap 400SM ETF Trust | 92% | — |
| Index 400 Stock Portfolio | 92% | 0.24% |
Advisers
| Firm | Role |
|---|---|
| BlackRock Investment Management, LLC | Sub-adviser |
| Nationwide Fund Advisors | Adviser |
Footnotes
- Expense ratio as of February 21, 2023, from the fund's prospectus.
- Net assets and holdings count as of April 30, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2023, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2023 (the latest prospectus does not yet chart this year).
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