Nationwide Money Market Fund

Investment Objective

Seeks as high a level of current income as is consistent with preserving capital and maintaining liquidity.

Investment Strategy

The Fund seeks to maintain a fixed net asset value of $1.00 per share by investing in high-quality money market obligations maturing in 397 days or less. 

Portfolio Management

Federated Investment Management Co., Subadviser

Nationwide Fund Distributors LLC is not affiliated with Federated Investment Management Co.

Additional Information

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Prospectus      Statement of Additional Information              

Shareholder reports:  January      Semi-Annual      July      Annual

Fund Disclosures
An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency except as stated below. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the money market.

The Treasury Department has extended the U.S. Department of the Treasury’s Temporary Guarantee Program (the “Program”) for Money Market Funds until September 18, 2009. The Board of Trustees of Nationwide Mutual Funds approved the continued participation of the Fund in the Program on April 8, 2009.

Here are some reminders about the program:

• Only shareholders who held shares in the Fund on September 19, 2008 are eligible for protection under the Program.
  
  
• The Program currently in place provides a guarantee to these shareholders based on the number of shares invested in the Fund at the close of business on September 19, 2008.
  
  
• Any increase in the number of shares an eligible shareholder holds after the close of business on September 19, 2008, will not be guaranteed by the Program.
  
  
• If a customer closes his or her account with the Fund or broker-dealer, any future investment in the Fund will not be guaranteed.
  
  
• If the number of shares an investor holds fluctuates during the period, the investor will be covered for either the number of shares held as of the close of business on September 19, 2008, or the current amount, whichever is less.
  
  
• The Program is not part of the U.S. Treasury Department’s Troubled Assets Relief Program (TARP). The Program is intended to provide relief for investors in the event the per-share value of any money market funds falls below $0.995 and a fund liquidates its holdings. The Program will provide coverage to a fund’s shareholders of record at the close of business on September 19, 2008 up to $1.00 per share for the lesser of either the number of shares the investor held in that fund or the number of shares the investor held the date the per-share value fell below $0.995. This is commonly referred to as “breaking the buck.”
  
  
• The U.S. Treasury Department, through the Exchange Stabilization Fund (“ESF”), is providing this guarantee. In the event that a participating fund breaks the buck and liquidates, a guarantee payment should be made to investors through their fund within approximately 30 days, subject to possible extensions at the discretion of the Treasury. Payments to investors under the Program will depend on the availability of assets in the ESF, which currently totals approximately $50 billion. The U.S. Department of the Treasury and the Secretary of the Treasury have the authority to use assets from the ESF for purposes other than those of the Program.
  
  
• Participation in each period of the Program requires a payment to the U.S. Department of the Treasury in the amount of 0.015% based on the net asset value of the Fund as of September 19, 2008. The Fund bears this expense without regard to any expense limitation currently in effect for the Fund.

NFW-1913AO.1