The Nationwide S&P 500 Index Fund Institutional Service Class is a passively managed mutual fund designed to closely track the performance of the S&P 500 Index, which represents 500 of the largest publicly traded companies in the United States. This fund primarily invests at least 80% of its net assets in the equities included in the S&P 500, offering broad exposure to leading sectors such as technology, consumer cyclical, communication services, and financial services. The portfolio is market capitalization-weighted, resulting in higher allocations to companies like Apple, NVIDIA, Microsoft, and Amazon, which together comprise a significant portion of the fund's total assets. With a low expense ratio and an institutional share class structure, the fund is structured to appeal to institutional investors seeking a cost-effective, diversified solution for large-cap U.S. equity market exposure. Its investment style reflects a large blend approach, capturing both growth and value segments of the market, and provides investors with a benchmark for the overall health and direction of the U.S. equity landscape.
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