Nationwide Strategic Income Fund

The Nationwide Strategic Income Fund (NWXHX) seeks to provide a high level of current income while maximizing total return. The Fund has the ability to allocate across fixed-income sectors, which helps decrease correlations and portfolio volatility, adapt to changing market conditions and provide important diversification benefits. With its flexible and nimble multisector fixed income strategy, NWXHX has the ability to pivot in reaction to changing market dynamics, taking advantage of investment opportunities that can be difficult to access.

The results shown represent past performance; past performance does not guarantee future results. Current performance may be lower or higher than the past performance shown. Share price, principal value, and return will vary, and you may have a gain or a loss when you sell your shares. Current performance may be lower or higher than the performance data quoted. 

Performance returns assume the reinvestment of all distributions. Returns for periods less than 1 year are not annualized. Total returns reflect a contractual expense limitation for direct annual Fund expenses for all classes for certain periods since inception, without which returns would have been lower. This material is not a recommendation to buy or sell a financial product or to adopt an investment strategy. Investors should discuss their specific situation with their financial professional.

The 12b-1 fees listed below are already included in the gross and net fees. The maximum sales charge would be paid directly from your investment. Sales charges and 12b-1 Fees: Class A shares - max front end sales charge of 2.25%, 0.25% 12b-1 fee (investment size may reduce or eliminate front-end sales charge). Class R6 shares — no sales charge, no 12b-1 fee. Institutional Service Class —no sales charge, no 12b-1 fee. The expense ratios are as shown in the most recent prospectus. The difference between gross and net operating expenses reflects contractual fee waivers and/or expense reimbursements in place through 03/02/2027. Please refer to the Fund’s prospectus for more details. The Nationwide Mutual Funds and NFA entered into a written contract limiting annual fund operating expenses to 0.49% until at least March 2, 2027. Under the agreement, the expense cap applies to all share classes (excluding 12b-1 fees and other expenses).

Meet the managers

Call 1-800-848-0920 to request a summary prospectus and/or a prospectus, or download prospectuses here. These prospectuses outline investment objectives, risk, fees, charges and expenses, and other information that should be read and carefully considered before investing.

Fund risks: The Fund is subject to the risks of investing in fixed-income securities, including high-yield bonds (which are more volatile). These risks include default risk and interest rate risk (if interest rates go up, bond prices go down, and if interest rates go down, bond prices go up). The Fund may invest in corporate loans (which have speculative characteristics and are high risk) and sovereign debt (a governmental entity may delay or refuse to pay interest or repay principal). The Fund also is subject to the risks of investing in foreign securities (currency fluctuations, political risks, differences in accounting and limited availability of information, all of which are magnified in emerging markets). The Fund may concentrate on specific sectors or countries, subjecting it to greater volatility than that of other mutual funds. The Fund may invest in more-aggressive investments such as derivatives (many of which create investment leverage and illiquidity, and are highly volatile). The Fund's holdings may subject the Fund to liquidity risk, making it more volatile than other mutual funds.  Please refer to the most recent prospectus for a more detailed explanation of the Fund’s principal risks.

Bloomberg US Aggregate Bond Index: An unmanaged, market value-weighted index of U.S. dollar-denominated, investment-grade, fixed-rate, taxable debt issues, which includes Treasuries, government-related and corporate securities, mortgage-backed securities (agency fixed-rate and hybrid adjustable-rate mortgage pass-throughs), asset-backed securities and commercial mortgage-backed securities (agency and non-agency). Bloomberg® and its indexes are service marks of Bloomberg Finance L.P. and its affiliates including Bloomberg Index Services Limited, the administrator of the index, and have been licenses for use for certain purposes by Nationwide. Bloomberg is not affiliated with Nationwide, and Bloomberg does not approve, endorse, review or recommend this product. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any date or information relating to this product.