Fund Authority Scores rate mutual funds and exchange traded funds (ETFs) on the most important economic factors that influence individual investors’ net long term diversified investment fund performance. The Skilled Investor developed the Fund Authority Score system to provide individual investors with concise and objective summaries of mutual funds and ETFs for comparisons within investment asset classes.
For a directory of the Fund Authority Score reports of other mutual funds and ETFs, go here. When you go to this Fund Authority Score directory, you can easily find a list of all fund reports at the bottom of each article for that particular investment asset class. For more information about how a Fund Authority Score is developed for each mutual fund or ETF, go here.
The diversified mutual fund investment strategy of the Nationwide S&P 500 Index Fund
At approximately $2.7 billion in assets, the Nationwide S&P 500 Index Fund is a medium sized, passively managed diversified index mutual fund. This mutual fund’s investment portfolio consists of large capitalization U.S. stock securities.
According to the Nationwide Funds mutual fund prospectus for the Nationwide S&P 500 Index Fund, the objective of the fund is “to provide investment results that correspond to the price and yield performance of publicly traded common stocks, as represented by the Standard & Poor’s 500 Index.” (Note that “correspond” is a very interesting choice of words, when describing a fund’s investment results objective.)
The Nationwide S&P 500 Index Fund has a variety of share classes which can only be purchased through a financial advisor, investment counselor, or other financial intermediary, but not directly by an individual investor. Therefore, purchases involve paying fees to compensate the adviser or other intermediary that recommends you buy this particular fund. As always, when direct share purchases are not allowed, our Fund Authority Score will reflect the costs associated with Class A Shares.
The Skilled Investor’s analysis of this passively managed S&P 500 index mutual fund
The Nationwide S&P 500 Index Fund – Class A Shares – is yet another proof that you can spend a lot of your hard earned money on mutual fund sales loads, 12b-1 fees and unnecessarily high expenses. In return, you can get a passively managed, commodity S and P 500 index mutual fund.
The next section with summary table below indicates that the Nationwide S&P 500 Index Fund – Class A Shares – received only a +2 [...]