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Trending ETFs

Nationwide Global Sustainable Equity Fund

mutual fund
GGEIX
Payout Change
Pending
Price as of:
$24.97 +0.05 +0.2%
primary theme
N/A
GGEIX (Mutual Fund)

Nationwide Global Sustainable Equity Fund

Payout Change
Pending
Price as of:
$24.97 +0.05 +0.2%
primary theme
N/A
GGEIX (Mutual Fund)

Nationwide Global Sustainable Equity Fund

Payout Change
Pending
Price as of:
$24.97 +0.05 +0.2%
primary theme
N/A

Name

As of 12/06/2024

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

$24.97

$229 M

0.00%

0.79%

Vitals

YTD Return

14.0%

1 yr return

19.4%

3 Yr Avg Return

5.2%

5 Yr Avg Return

11.5%

Net Assets

$229 M

Holdings in Top 10

27.2%

52 WEEK LOW AND HIGH

$24.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.79%

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

Open End Mutual Fund


Name

As of 12/06/2024

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

$24.97

$229 M

0.00%

0.79%

GGEIX - Profile

Distributions

  • YTD Total Return 14.0%
  • 3 Yr Annualized Total Return 5.2%
  • 5 Yr Annualized Total Return 11.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.22%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Nationwide Global Sustainable Equity Fund
  • Fund Family Name
    Nationwide Mutual Funds
  • Inception Date
    Nov 19, 2012
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Joseph Elegante

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities. Investments in equity securities may include, but are not limited to, dividend-paying securities, common stock and preferred stock of U.S. and foreign issuers, although the Fund may invest in stocks that provide little to no dividend income, but which offer the potential for capital growth. The Fund may purchase stocks of U.S. and foreign companies of any size, including small-cap and mid-cap companies and which are located in either developed countries or emerging market countries. Emerging market countries include certain countries located in Latin America, Asia, Africa, the Middle East, and developing countries of Europe, primarily Eastern Europe. The Fund also may invest in currency futures and forward foreign currency exchange contracts, which are derivatives, in order to hedge against international currency exposure. The Fund’s subadviser, on behalf of the Fund, intends to diversify broadly among countries, but reserves the right to invest a substantial portion of the Fund’s assets in one or more countries if, in the subadviser’s opinion, economic and business conditions warrant such investments. The Fund invests its assets in investments that are tied economically to a number of countries throughout the world, including the United States. An investment will be deemed to be tied economically to a particular country, including the United States, if its issuer is organized in the particular country, has its principal place of business in such country, or generates more than 50% of its revenues from business in that country.In constructing the Fund’s portfolio, the subadviser employs a positive screening process to identify equity securities of companies that are attractive based on their fundamental valuation profile in addition to evaluating specific sustainability factors. In selecting securities, the subadviser focuses on, among other things, identifying discrepancies between what it believes to be a security’s fundamental value and its market price. In this regard, the fundamental value of a given security is the subadviser’s assessment of what the security is worth. The subadviser will select a security whose fundamental value it estimates to be greater than its market value at any given time. The subadviser bases its estimates of value upon country, economic, industry and company analysis, as well as upon a company’s management team, competitive advantage and core competencies. The subadviser then compares its assessment of a security’s value against the prevailing market prices with the aim of constructing a portfolio of stocks across industries and countries with attractive relative price/value characteristics. The Fund generally will sell a security when the subadviser believes it has reached a target price, fails to perform as expected by the subadviserincluding in terms of sustainability performance, fails the negative screening process described below, or when the subadviser believes other opportunities appear more attractive. The subadviser will seek to effect such sales in the manner and timeframe that it believes will achieve the best result for the Fund.Sustainability factors used by the subadviser in security selection are considered to be material factors that help the subadviser evaluate and compare the performance of environmental, social and governance (“ESG”) criteria relative to its industry and/or sector. The subadviser combines these considerations with additional financial analysis identified above to identify companies the subadviser believes will provide attractively valued and sustainable investment opportunities. In considering sustainability factors, the subadviser uses tools to identify 3 to 5 of the most financially relevant factors, on a per sector basis, that may impact the investment thesis across different industry sectors. The universe of sustainability issues includes, but is not limited to, environmental factors such as global greenhouse gas emissions and wastewater management; social factors such as customer privacy and product safety; and governance factors such as critical and systemic risk management.The subadviser also uses a proprietary risk tool to combine scores and data points from various research providers to develop an ESG Consensus Score of 1-10, with 10 having the best sustainability profile for individual investments. Absolute ESG risks, such as poor corporate governance and high ESG controversy levels are also included in the subadviser’s risk tool. Collectively, these inputs may lead to an ESG risk signal which flags companies with high ESG risks. Once outliers are identified, the subadviser conducts more in-depth analysis to assess the material impact of the ESG risks. The subadviser seeks to maintain a sustainability profile that is higher than the MSCI World Index® based on the subadviser’s framework. The Fund’s sustainability profile is measured against this benchmark profile and the corresponding results are calculated at least once each year.The subadviser also employs a negative screening process with regard to securities selection for the Fund. The negative screening process excludes from the Fund’s portfolio issuers with more than 5% of sales in alcohol, tobacco, defense, nuclear, genetically modified organisms (GMOs), water bottles, gambling and pornography,and issuers with morethan 10%of revenues derived from coal extraction. Consideration ofsustainability issues and exclusion criteria may reduce exposure or lead to avoidance of certain sectors and/or industries. This may impact performance and reduce the size of the globalinvestment universe.The subadviser may modifythe foregoing list of negative screensat any time without prior shareholder approval or notice.
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GGEIX - Performance

Return Ranking - Trailing

Period GGEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.0% -35.6% 29.2% 30.76%
1 Yr 19.4% 17.3% 252.4% 17.95%
3 Yr 5.2%* -3.5% 34.6% 26.76%
5 Yr 11.5%* 0.1% 32.7% 21.74%
10 Yr 9.5%* -6.9% 18.3% 49.72%

* Annualized

Return Ranking - Calendar

Period GGEIX Return Category Return Low Category Return High Rank in Category (%)
2023 21.9% -24.3% 957.1% 28.49%
2022 -25.0% -38.3% 47.1% 54.24%
2021 6.6% -54.2% 0.6% 73.89%
2020 18.9% -76.0% 54.1% 23.13%
2019 20.5% -26.1% 47.8% 11.16%

Total Return Ranking - Trailing

Period GGEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.0% -35.6% 29.2% 31.54%
1 Yr 19.4% 11.4% 252.4% 16.93%
3 Yr 5.2%* -3.5% 34.6% 25.79%
5 Yr 11.5%* 0.1% 32.7% 20.67%
10 Yr 9.5%* -6.9% 18.3% 49.17%

* Annualized

Total Return Ranking - Calendar

Period GGEIX Return Category Return Low Category Return High Rank in Category (%)
2023 22.5% -24.3% 957.1% 28.49%
2022 -17.7% -33.1% 47.1% 54.61%
2021 20.8% -44.4% 1.8% 20.32%
2020 20.6% -6.5% 54.1% 34.55%
2019 29.4% -14.4% 47.8% 11.16%

NAV & Total Return History


GGEIX - Holdings

Concentration Analysis

GGEIX Category Low Category High GGEIX % Rank
Net Assets 229 M 199 K 133 B 79.61%
Number of Holdings 77 1 9075 36.45%
Net Assets in Top 10 61.8 M -18 M 37.6 B 80.07%
Weighting of Top 10 27.17% 9.1% 100.0% 72.65%

Top 10 Holdings

  1. Microsoft Corp. 4.48%
  2. Amazon.com, Inc. 3.31%
  3. Alphabet, Inc., Class A 2.82%
  4. Eli Lilly Co. 2.78%
  5. UnitedHealth Group, Inc. 2.61%
  6. Visa, Inc., Class A 2.44%
  7. Ameriprise Financial, Inc. 2.31%
  8. London Stock Exchange Group plc 2.27%
  9. ServiceNow, Inc. 2.16%
  10. TJX Cos., Inc. (The) 2.00%

Asset Allocation

Weighting Return Low Return High GGEIX % Rank
Stocks
98.47% 61.84% 125.47% 25.33%
Other
2.44% -13.98% 19.14% 64.10%
Preferred Stocks
0.00% -0.01% 5.28% 60.46%
Convertible Bonds
0.00% 0.00% 4.46% 55.62%
Cash
0.00% -174.70% 23.12% 70.48%
Bonds
0.00% -1.50% 161.67% 57.38%

Stock Sector Breakdown

Weighting Return Low Return High GGEIX % Rank
Technology
24.51% 0.00% 49.87% 24.89%
Financial Services
18.05% 0.00% 38.42% 33.81%
Healthcare
16.91% 0.00% 35.42% 46.92%
Consumer Cyclical
9.89% 0.00% 40.94% 51.76%
Industrials
9.60% 0.00% 44.06% 25.33%
Communication Services
6.71% 0.00% 57.66% 74.56%
Energy
5.22% 0.00% 21.15% 20.70%
Consumer Defense
5.04% 0.00% 73.28% 68.94%
Basic Materials
4.06% 0.00% 38.60% 38.44%
Utilities
0.00% 0.00% 29.12% 85.79%
Real Estate
0.00% 0.00% 39.48% 60.24%

Stock Geographic Breakdown

Weighting Return Low Return High GGEIX % Rank
US
70.86% 0.13% 103.82% 21.26%
Non US
27.61% 0.58% 99.46% 74.01%

GGEIX - Expenses

Operational Fees

GGEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.79% 0.01% 44.27% 45.38%
Management Fee 0.65% 0.00% 1.82% 58.97%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.76% 44.94%

Sales Fees

GGEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GGEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 86.84%

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.

GGEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 395.00% 62.16%

GGEIX - Distributions

Dividend Yield Analysis

GGEIX Category Low Category High GGEIX % Rank
Dividend Yield 0.00% 0.00% 3.26% 55.14%

Dividend Distribution Analysis

GGEIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Annually Annually

Net Income Ratio Analysis

GGEIX Category Low Category High GGEIX % Rank
Net Income Ratio 0.22% -4.27% 12.65% 55.57%

Capital Gain Distribution Analysis

GGEIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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GGEIX - Fund Manager Analysis

Managers

Joseph Elegante


Start Date

Tenure

Tenure Rank

Dec 10, 2015

6.48

6.5%

Joe is Deputy head of Global and Sustainable Equities and a Senior Portfolio Manager on a range of Global strategies including Sustainable, Impact and Long Term Themes. Joe has over 20 years of portfolio management experience and is based in London. Before joining UBS-AM, Joe worked as a portfolio manager at RMB Capital Management where he managed several equity strategies including a multi-cap core, dividend growth and a small cap-focused special situations strategy for institutional and private clients.  Prior to joining RMB Capital, Joe worked for 12 years as a senior portfolio manager at Alliance Bernstein where he was a member of the Large Cap Growth Team. In this position he managed a $15 billion growth strategy, which included individual institutional accounts, a mutual fund, Luxembourg fund and assets on behalf of the private client division for Sanford Bernstein. His responsibilities included portfolio construction, fund governance, security selection and risk management. Joe is a CFA Charterholder, a member of the CFA Institute and the CFA Society of Chicago.

Adam Jokich


Start Date

Tenure

Tenure Rank

Aug 12, 2021

0.8

0.8%

Adam Jokich is a Quantitative Sustainability Analyst on the Global Sustainable Equities team. He leads the team's efforts in developing and enhancing their proprietary ESG Model, and integrating it into the investment process. Adam leverages his quantitative skillset to provide value add in the portfolio construction and risk management process. Prior to joining the Global Sustainable Equities team, Adam worked as a quantitative analyst on the Applied Research Group, in UBS Asset Management. Adam was responsible for providing quantitative research and analysis used in the investment decision making process, and assisting in the infrastructure development of quantitative equity portfolios. He was the deputy portfolio manager on the US and Global Multi-Strategy portfolios, and was responsible for the research and development initiatives of various risk premia capabilities. Adam is a CFA Charterholder, a member of the CFA Institute and the CFA Society of Chicago.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25