GRMAX Fees and Costs — Nationwide S&P 500 Index Fund, Class A
Data updated: 2026-09-18
The net expense ratio is 0.57%: a 0.12% management fee, a 0.25% 12b-1 fee plus 0.20% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $12K in broker commissions, 0.0008% of average net assets, and portfolio turnover was 3%.
GRMAX Fees and Expenses
Annual operating expenses and sales charges of GRMAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.12% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.57% |
| Fee waiver | — |
| Net expense ratio | 0.57% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
GRMAX Costs Over Time
On $10,000 invested in GRMAX, assuming 5% a year before costs, total costs come to $1,073 over 5 years, cutting the return by 1.83% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 0.57%) | $56 | $177 | $308 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $29 | $99 | $190 |
| Total costs | $660 | $851 | $1,073 |
| Value after costs | $9,840 | $10,725 | $11,690 |
| Impact on return, per year | 6.60% | 2.64% | 1.83% |
GRMAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0008%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): $16K
- Portfolio turnover (prospectus): 3%
- Securities on loan, average value: $48.5M
- Net income from securities lending: $60K (0.004% of average net assets)
GRMAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $3K | 25.54% |
| J.P. Morgan Securities LLC | $2K | 13.22% |
| Jefferies LLC | $1K | 12.87% |
| BofA Securities, Inc. | $1K | 11.42% |
| Morgan Stanley & Co. LLC | $951 | 8.36% |
| UBS Securities LLC | $921 | 8.09% |
| Citigroup Global Markets Inc. | $778 | 6.83% |
| BNP Paribas Securities Corp. | $700 | 6.15% |
| RBC Capital Markets, LLC | $437 | 3.84% |
| Barclays Capital, Inc. | $420 | 3.69% |
GRMAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital, Inc. | $8K | 51.49% |
| UBS Securities LLC | $3K | 17.44% |
| Morgan Stanley & Co. LLC | $2K | 14.01% |
| BNP Paribas Securities Corp. | $1K | 9.45% |
| J.P. Morgan Securities LLC | $706 | 4.49% |
| BofA Securities, Inc. | $489 | 3.11% |
Nationwide S&P 500 Index Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GRMIX | Class R6 | 0.18% | none |
| GRISX | Service Class | 0.43% | none |
| GRMAX | Class A | 0.57% | 5.75% |
| GRMSX | Service Class Shares | 0.58% | none |
| GRMRX | Class R | 0.93% | none |
| GRMCX | Class C | 1.24% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.