Nationwide Small Cap Index Fund

Mutual Fund Details From Nationwide

Investment objective

The Fund seeks to match the performance of the Russell 2000^® Index as closely as possible before the deduction of Fund expenses.

Investment strategy

The Fund employs a "passive" management, or indexing, approach, designed to match approximately the performance of the Russell 2000 Index before the deduction of Fund expenses. Under normal circumstances, the Fund invests at least 80% of its net assets in a statistically selected sampling of equity securities of companies included in the Russell 2000 Index.

Portfolio management

BlackRock Investment Management, LLC, Subadviser

Rachel Aguirre, Christopher Bliss, Edward Corallo, Jennifer Hsui, and Timothy Murray are responsible for the day-to-day management of the Fund, including selection of the Fund's investments.

Nationwide Fund Distributors LLC is not an affiliate of BlackRock Investment Management, LLC.

Fund documents

You can find more detailed information about the Fund in the summary prospectus, prospectus and other fund documents. You should carefully read the documents before investing.

Holdings

Principal Risks
Small-company stocks have higher risks than the stocks of larger, more established companies and have significant short-term price volatility.

Index Fund Risk
The Fund is subject to index fund risk. The Fund does not use defensive strategies or attempt to reduce its exposure to poorly performing securities. In addition, correlation between Fund performance and index performance may be negatively affected by Fund expenses, index composition changes, and the timing of Fund share purchases and redemptions.

Market Index
Russell 2000^® Index: An unmanaged index that measures the performance of the stocks of small-capitalization U.S. companies; includes the smallest 2,000 U.S. companies in the Russell 3000^® Index, which measures the performance of the largest 3,000 U.S. companies, based on market capitalization.