Fund Evaluator:
Nationwide Schroders Global Eq R6 (GGEIX)
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Best Performing in Global Large-Stock Blend Over the Last Year
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Fund Details
Nationwide Schroders Global Eq R6 Overview
Nationwide Schroders Global Eq R6 (GGEIX) is an actively managed International Equity Global Large-Stock Blend fund. Nationwide launched the fund in 1994.
The investment seeks to maximize total return, consisting of capital appreciation and current income. The fund invests in equity securities of companies located throughout the world, including the United States. Under normal circumstances, it invests at least 80% of its net assets in equity securities at the time of investment.
About Nationwide Schroders Global Eq R6 (GGEIX)
There are 2 members of the management team with an average tenure of 0.79 years: Frank Thormann (2025), Alex Tedder (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and MSCI World Free NR USD index with a weighting of 100%. Nationwide Schroders Global Eq R6 has 164 securities in its portfolio. The top 10 holdings constitute 36.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Nationwide Schroders Global Eq R6 is part of the Equity global asset class and is within the International Equity fund group. Nationwide Schroders Global Eq R6 has 35.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 64.1%. There is 35.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Nationwide Schroders Global Eq R6 has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $15 million in total assets, which is below the $1 billion average for the Global Large-Stock Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GGEIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Nationwide Schroders Global Eq R6 expense ratio is above average compared to funds in the Global Large-Stock Blend category. Nationwide Schroders Global Eq R6 has an expense ratio of 0.77%, which is 26% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Nationwide Schroders Global Eq R6 has a portfolio turnover rate of 41%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 43% for the Global Large-Stock Blend category.
Recently, in the month of August 2026, Nationwide Schroders Global Eq R6 returned 2.4%, which earned it a grade of B, as the Global Large-Stock Blend category had an average return of 1.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Nationwide Schroders Global Eq R6 has a trailing yield of 0.32%, which is below the 0.93% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Nationwide Schroders Global Eq R6 Grades
Year to date, the fund has returned 12.1%, 0.3 percentage points better than the category, which translates into a grade of C. The fund has returned 20.4% over the past year (grade of B), 17.6% over the past three years (grade of C) and 9.7% per year over the past five years (grade of C) and 13.2% per year over the past 10 years (grade of A).
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GGEIX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GGEIX Return (NAV) | 2.4% | 2.6% | 20.4% | 17.6% | 9.7% | 13.2% |
| GGEIX Grade | B | B | B | C | C | A |
| +/- Category | 0.5% | 0.3% | 2.4% | 0.5% | 0.8% | 2.3% |
| Global Large-Stock Blend Avg | 1.9% | 2.3% | 18.0% | 17.1% | 8.9% | 10.8% |
| GGEIX Tax Cost Ratio | na | na | 3.2% | 1.9% | 2.3% | 1.8% |
GGEIX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GGEIX Return (NAV) | 12.1% | 25.9% | 8.6% | 22.5% | -17.7% | 20.8% | 20.6% | 29.4% | -8.0% | 24.6% | 8.5% |
| GGEIX Grade | C | A | F | B | C | B | A | A | B | B | B |
| +/- Category | 0.3% | 5.8% | -4.6% | 3.7% | -1.5% | 3.3% | 5.9% | 3.5% | 2.4% | 1.7% | 1.9% |
| Global Large-Stock Blend Avg | 11.8% | 20.1% | 13.2% | 18.8% | -16.2% | 17.5% | 14.6% | 25.9% | -10.4% | 23.0% | 6.6% |
| Risk Measures | |
| Standard Deviation: | 12.9% |
| Total Risk Index: | 1.06 - Above Average |
| Category Risk Index: | 1.06 - High |
| Category Risk Grade: | F (82% Rank) |
| Beta: | 1.01 |
| R-Squared: | 94% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.3% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $300 Mil |
| Fund Total Assets: | $ 16 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 42% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.8 years | |||
| Average Tenure: 0.8 years | |||
| Managers (Year): Thormann Frank (2025), Tedder Alex (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 164 |
| % in Top 10 Holdings: | 36.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 35.2% |
Portfolio Allocation |
|
| Domestic Stock: | 64.1% |
| Foreign Stock: | 35.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.7% |
Purchase Information
| Fund Family: | Nationwide |
| Phone Number: | 800-848-0920 |
| Website: | www.nationwide.com/mutualfunds |
| Status: | Open |
| Inception Date: | January 28, 1994 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.77% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | Nationwide Schroders Global Eq R6 |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
