Fund Evaluator:
Nationwide International Index R (GIIRX)
Follow This Fund
Best Performing in Foreign Large Blend Over the Last Year
| 35.2% | AB International Strat Eqs Z (STEZX) |
| 32.9% | NYLI WMC International Research Eq Cl I (MYIIX) |
| 31.4% | Nationwide Bailard Intl Eqs M (NWHLX) |
| 31.2% | Goldman Sachs Intl Eq Insghts Inv (GCITX) |
| 31.2% | Vanguard International Core Stock Adm (VZICX) |
Fund Details
Nationwide International Index R Overview
Nationwide International Index R (GIIRX) is a passively managed International Equity Foreign Large Blend fund. Nationwide launched the fund in 2007.
The investment seeks to match the performance of the MSCI Europe, Australasia and Far East Index ("MSCI EAFE® Index") as closely as possible before the deduction of fund expenses. The fund employs a "passive" management, or indexing, approach, which seeks to match approximately the performance of the MSCI EAFE® Index before the deduction of fund expenses. It normally invests at least 80% of its net assets in a statistically selected sampling of securities of companies included in the MSCI EAFE® Index. The MSCI EAFE® Index includes equity securities of large- and mid-cap companies located in Europe, Australia and Asia (including the Far East).
About Nationwide International Index R (GIIRX)
There are 4 members of the management team with an average tenure of 3.21 years: Jennifer Hsui (2019), Peter Sietsema (2023), Matt Waldron (2025), Steven White (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI EAFE NR USD index with a weighting of 100%. Nationwide International Index R has 700 securities in its portfolio. The top 10 holdings constitute 14.4% 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 International Index R is part of the Equity global asset class and is within the International Equity fund group. Nationwide International Index R has 98.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.3%. There is 98.8% 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 International Index R has -0.2% of the portfolio in cash.
Assets Under Management
The fund has $48 million in total assets, which is below the $2 billion average for the Foreign Large 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.
GIIRX 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 International Index R expense ratio is high compared to funds in the Foreign Large Blend category. Nationwide International Index R has an expense ratio of 1.04%, which is 11% higher than its category average, making the fund expense ratio grade a D. 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 International Index R has a portfolio turnover rate of 12%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Blend category.
Recently, in the month of July 2026, Nationwide International Index R returned 1.5%, which earned it a grade of B, as the Foreign Large Blend category had an average return of 0.7%. 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 International Index R has a trailing yield of 3.14%, which is above the 2.17% 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 International Index R Grades
Year to date, the fund has returned 11.1%, 0.5 percentage points worse than the category, which translates into a grade of D. The fund has returned 23.9% over the past year (grade of C), 15.0% over the past three years (grade of D) and 8.3% per year over the past five years (grade of C) and 8.5% per year over the past 10 years (grade of D).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Nationwide International Index R, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
GIIRX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GIIRX Return (NAV) | 1.5% | 4.4% | 23.9% | 15.0% | 8.3% | 8.5% |
| GIIRX Grade | B | C | C | D | C | D |
| +/- Category | 0.8% | -0.1% | -0.3% | -0.9% | -0.1% | -0.6% |
| Foreign Large Blend Avg | 0.7% | 4.4% | 24.2% | 15.9% | 8.4% | 9.1% |
| GIIRX Tax Cost Ratio | na | na | 1.9% | 1.3% | 1.2% | 1.2% |
GIIRX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GIIRX Return (NAV) | 11.1% | 30.6% | 2.6% | 16.7% | -14.8% | 10.3% | 7.1% | 21.0% | -14.3% | 24.3% | 0.3% |
| GIIRX Grade | D | C | F | C | B | C | F | D | B | D | D |
| +/- Category | -0.5% | 0.1% | -2.3% | 0.4% | 1.6% | 0.1% | -4.7% | -2.0% | 1.0% | -2.1% | -0.7% |
| Foreign Large Blend Avg | 11.6% | 30.5% | 4.9% | 16.2% | -16.4% | 10.2% | 11.8% | 22.9% | -15.2% | 26.4% | 1.0% |
| Risk Measures | |
| Standard Deviation: | 12.8% |
| Total Risk Index: | 1.05 - Above Average |
| Category Risk Index: | 0.99 - Average |
| Category Risk Grade: | C (54% Rank) |
| Beta: | 0.88 |
| R-Squared: | 89% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 3.1% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $910 Mil |
| Fund Total Assets: | $ 48 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 13% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 7.3 years | |||
| Average Tenure: 3.2 years | |||
| Managers (Year): Hsui Jennifer (2019), Sietsema Peter (2023), Waldron Matt (2025), White Steven (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 700 |
| % in Top 10 Holdings: | 14.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 98.8% |
Portfolio Allocation |
|
| Domestic Stock: | 1.3% |
| Foreign Stock: | 98.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.2% |
| Cash: | -0.2% |
Purchase Information
| Fund Family: | Nationwide |
| Phone Number: | 800-848-0920 |
| Website: | www.nationwide.com/mutualfunds |
| Status: | Open |
| Inception Date: | March 9, 2007 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.50% |
Expenses and Fees | |
| Expense Ratio (%): | 1.04% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | Nationwide International Index R6 |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
