Nationwide Destination 2015 Fund

Investment Objective

The Fund seeks capital appreciation and income consistent with its current asset allocation.

Investment Strategy

The Fund seeks to achieve its objective by investing in a professionally selected mix of different asset classes that is tailored for investors that have selected, at the time of investment, an estimated retirement date and plan to retire in, or close to, the target date designated in the Fund's name. The target date is the approximate date when an investor may retire and/or begin withdrawing money from the Fund.

Depending on its proximity to its target date, the Fund employs a combination of investments among different asset classes to emphasize growth, income and/or preservation of capital. The Fund’s principal value is not guaranteed at any time, including at the target date designated in the Fund’s name. Over time, the Fund's allocations to different asset classes will become more conservative, with greater emphasis on investments that provide for income and preservation of capital, and less on those offering the potential for growth.

Portfolio Management

Nationwide Fund Advisors

Thomas R. Hickey, Jr., portfolio manager, is responsible for the day-to-day management of the Fund, including selection of the Fund's investments.

Additional Information

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Fund Facts      Prospectus      Statement of Additional Information

Shareholder reports:  January      Semi-Annual      July      Annual

Fund Disclosure

The Nationwide Target Destination Funds are designed to provide diversification and asset allocation across several types of investments and asset classes, primarily by investing in underlying funds. Therefore, in addition to the expenses of the Nationwide Target Destination Funds, each investor is indirectly paying a proportionate share of the applicable fees and expenses of the underlying funds. In general, a fund with a later target date is expected to be more volatile, and thus riskier, because of its greater allocation to equity securities than a fund with an earlier target date. A fund at its target date through the next 20 years is expected to be less volatile than a fund in its “pre-target-date” stage. The Nationwide Retirement Income Fund, which is the vehicle intended to serve investors who are approximately 20 years beyond a fund’s target date, is expected to be the least volatile of the funds due to the Retirement Income Fund’s further reduced exposure to equity securities.

Asset allocation is the process of spreading assets across several different investment styles and asset classes. The purpose is to potentially reduce long-term risk and capture potential profits across various asset classes.

There is no assurance that the investment objective of any fund (or that of any underlying fund) will be achieved, nor that a diversified portfolio will produce better results than a nondiversified portfolio. Diversification does not guarantee returns or insulate an investor from potential losses, including the possible loss of principal.

The Fund is subject to different levels of risk, based on the types and sizes of its underlying asset class allocations and its allocation strategy. In addition, the Fund’s underlying funds may be subject to specific investment risks such as those associated with: (i) bonds and short-term instruments, (ii) small companies, (iii) mid-sized companies, (iv) international securities, (v) real estate investment trusts (REITs), and (vi) initial public offerings (IPOs).

Because a fund’s allocation may not match a particular investor’s retirement goal and an investor may have different retirement needs than anticipated, there is no guarantee that an investor will have the desired level of retirement assets available. Also, an investor may have different retirement needs than the allocation model anticipates.

NFW-1887AO.2