Fund Evaluator:
Nationwide Inv Dest Mod Cnsrv R6 (GMIMX)
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Best Performing in Global Moderately Conservative Allocation Over the Last Year
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Fund Details
Nationwide Inv Dest Mod Cnsrv R6 Overview
Nationwide Inv Dest Mod Cnsrv R6 (GMIMX) is an actively managed Allocation Global Moderately Conservative Allocation fund. Nationwide launched the fund in 2004.
The investment seeks to maximize total investment return for a moderately conservative level of risk. The fund is a "fund of funds" that invests primarily in affiliated mutual funds representing a variety of asset classes. The fund aims to provide diversification across major asset classes-U.S. stocks, international stocks and bonds-by investing primarily in mutual funds offered by Nationwide Mutual Funds and affiliated or unaffiliated exchange-traded funds.
About Nationwide Inv Dest Mod Cnsrv R6 (GMIMX)
There are 3 members of the management team with an average tenure of 9.30 years: Christopher Graham (2016), Keith Robinette (2017), Andrew Urban (2017). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Nationwide Inv Dest Mod Cnsrv R6 has 18 securities in its portfolio. The top 10 holdings constitute 84.6% 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 Inv Dest Mod Cnsrv R6 is part of the Allocation global asset class and is within the Allocation fund group. Nationwide Inv Dest Mod Cnsrv R6 has 34.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 25.3%. There is 17.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 59.0% (41.4% domestic bond, 17.6% foreign bond and 0.0% convertible bond). Nationwide Inv Dest Mod Cnsrv R6 has -1.3% of the portfolio in cash.
Assets Under Management
The fund has $90 million in total assets, which is below the $304 million average for the Global Moderately Conservative Allocation 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.
GMIMX 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 Inv Dest Mod Cnsrv R6 expense ratio is average compared to funds in the Global Moderately Conservative Allocation category. Nationwide Inv Dest Mod Cnsrv R6 has an expense ratio of 0.57%, which is 42% lower than its category average, making the fund expense ratio grade a A. 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 Inv Dest Mod Cnsrv R6 has a portfolio turnover rate of 32%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 50% for the Global Moderately Conservative Allocation category.
Recently, in the month of July 2026, Nationwide Inv Dest Mod Cnsrv R6 returned -0.5%, which earned it a grade of C, as the Global Moderately Conservative Allocation category had an average return of -0.5%. 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 Inv Dest Mod Cnsrv R6 has a trailing yield of 3.99%, which is above the 3.07% 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 Inv Dest Mod Cnsrv R6 Grades
Year to date, the fund has returned 5.4%, 0.3 percentage points better than the category, which translates into a grade of B. The fund has returned 11.6% over the past year (grade of B), 9.2% over the past three years (grade of B) and 4.3% per year over the past five years (grade of B) and 5.9% per year over the past 10 years (grade of B).
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GMIMX 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 |
|
| GMIMX Return (NAV) | -0.5% | 1.7% | 11.6% | 9.2% | 4.3% | 5.9% |
| GMIMX Grade | C | A | B | B | B | B |
| +/- Category | 0.0% | 0.3% | 0.8% | 0.1% | 0.4% | 0.4% |
| Global Moderately Conservative Allocation Avg | -0.5% | 1.5% | 10.9% | 9.1% | 3.9% | 5.4% |
| GMIMX Tax Cost Ratio | na | na | 1.9% | 2.1% | 1.7% | 1.8% |
GMIMX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GMIMX Return (NAV) | 5.4% | 11.3% | 7.3% | 11.8% | -14.0% | 8.0% | 10.0% | 15.6% | -4.0% | 9.8% | 6.7% |
| GMIMX Grade | B | C | C | A | D | B | C | B | B | D | B |
| +/- Category | 0.3% | -0.2% | 0.0% | 1.5% | -0.5% | 0.5% | 1.1% | 0.6% | 0.8% | -0.9% | 0.6% |
| Global Moderately Conservative Allocation Avg | 5.1% | 11.6% | 7.3% | 10.4% | -13.5% | 7.5% | 8.9% | 15.0% | -4.8% | 10.7% | 6.1% |
| Risk Measures | |
| Standard Deviation: | 7.3% |
| Total Risk Index: | 0.60 - Below Average |
| Category Risk Index: | 0.99 - Average |
| Category Risk Grade: | C (46% Rank) |
| Beta: | 0.77 |
| R-Squared: | 97% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 4.0% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $201 Mil |
| Fund Total Assets: | $ 90 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 33% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 9.7 years | |||
| Average Tenure: 9.3 years | |||
| Managers (Year): Graham Christopher (2016), Robinette Keith (2017), Urban Andrew (2017) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 18 |
| % in Top 10 Holdings: | 84.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 34.7% |
Portfolio Allocation |
|
| Domestic Stock: | 25.3% |
| Foreign Stock: | 17.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 41.4% |
| Foreign Bond: | 17.6% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -1.3% |
Purchase Information
| Fund Family: | Nationwide |
| Phone Number: | 800-848-0920 |
| Website: | www.nationwide.com/mutualfunds |
| Status: | Open |
| Inception Date: | December 29, 2004 |
| 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 (%): | 0.57% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.98% |
| Share Class: | Nationwide Inv Dest Mod Cnsrv Svc |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
