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Morningstar
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Overall Morningstar rating is based on risk-adjusted returns for a weighted average of its applicable 3-, 5- and 10-year ratings as of .
NFW-8998AO.1

Overview

Objective

The strategy targets income and total return opportunities through active allocations across sectors, including high yield, emerging market, and securitized securities, seeking to provide attractive risk-adjusted returns. Its tactical approach utilizes multiple levers for alpha generation and allows for active adjustments across a wide range of fixed-income assets.

Potential for enhanced returns: The portfolio garners the "plus" allocation via out-of-benchmark allocations that include U.S. dollar-denominated emerging market debt (sovereign and corporate), non-agency commercial mortgage-backed securities, asset-backed securities, non-U.S. corporate credit, bank loans and high-yield corporate bonds.

Key features

  • Long-term perspective: A Fund that seeks to provide efficient, diversified fixed-income exposure in pursuit of attractive risk-adjusted returns across market cycles
  • Rigorous search for inefficiencies: Combine top-down macro analysis with bottom-up credit research to capitalize on opportunities across fixed income
  • Diverse perspectives: Invesco's experience across fixed-income sectors and collaborative culture helps them unlock potential opportunities

Fund documentation

Additional resources

Visit the site where prospectus, reports, and other regulatory documents are located.

Strategy overview

The Nationwide Invesco Core Plus Bond Fund targets income and total return opportunities through active allocations across sectors, including high yield, emerging market, and securitized securities, seeking to provide attractive risk-adjusted returns. The Fund's tactical approach utilizes multiple levers for alpha generation and allows for active adjustments across a wide range of fixed income assets. The team employs a process that integrates views from across Invesco's fixed income platform to tactically adjust beta positioning aimed at mitigating risk while capturing opportunities for capital appreciation.

Fund management

Portfolio management
Invesco Advisers, LLC logo

Invesco Advisers, LLC

Invesco is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. Their distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. With offices in more than 20 countries, Invesco managed $1.84 trillion in assets on behalf of clients worldwide as of March 31, 2025.

Founded: 1935

Location: Atlanta, GA

Assets Under Management (AUM): $2.0 Trillion (as of 6/30/2025)
NFW-10675AO.8

Management team

Michael Hyman

Michael Hyman

Head of Global Strategies

Investing since: 1991
Fund tenure since: 2025
Education: MBA, New York University; BSE, Pennsylvania State University
NFW-12298AO
Matt Brill

Matt Brill, CFA

Head of North America Investment Grade Credit, Senior Portfolio Manager

Investing since: 2002
Fund tenure since: 2025
Education: BA, Washington and Lee University
NFW-12299AO
Todd Schomberg

Todd Schomberg, CFA

Senior Portfolio Manager

Investing since: 2000
Fund tenure since: 2025
Education: MBA, University of Wisconsin-Madison; BS, University of Wisconsin-La Crosse
NFW-12300AO
Chuck Burge

Chuck Burge

Senior Portfolio Manager

Investing since: 1993
Fund tenure since: 2025
Education: MBA, Rice University; BS, Texas A&M University
NFW-12301AO

Performance

Average annual returns
(as of )

YTD 1 Yr 3 Yr 5 Yr 10 Yr Since share class inception
()
Total return (%)
Return w/ sales charge (%)

Important disclosure

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 one 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. Pre-inception historical performance for newer share classes is based on the corresponding share class performance of a Fund's predecessor fund. If no predecessor Fund applies, historical performance is based on that of the longest existing share class, adjusted for sales charges if applicable.
NFW-8943AO

Calendar year returns
(as of )

Growth of 10K
(as of )

Fees, expenses and minimums

Gross expense ratio Prospectus
Net expense ratio Prospectus
Management actual
12b-1 actual
Minimum investment

Important disclosure

Sales charges: Class A - maximum front end sales charge of 4.25%. The maximum sales charge would be paid directly from your investment. Investors may be able to reduce or eliminate front-end sales charges on Class A shares based on investment size. Please consult the most recent prospectus for the respective Fund for more details.
NFW-11576AO.1

Important disclosure

The expense ratios are as shown in the most recent prospectus. The difference between gross and net operating expenses reflects contractual fee waivers in place through February 28, 2026.

The Nationwide Mutual Funds and NFA entered into a written contract limiting annual fund operating expenses to 0.47% until at least February 28, 2027. Under the agreement, the expense cap applies to all share classes (excluding 12b-1 fees).
NFW-8944M6.1

Portfolio

Asset allocation
(as of )

  Type % Net Morningstar category average

Percentage of net assets. The net exposures are a combination of potential long and short exposures of derivatives, such as futures and forward foreign currency contracts.

Top 10 holdings
(as of )

View all holdings

Holdings are provided for informational purposes and should not be deemed as a recommendation to buy or sell the securities.

Sector allocations
(as of )

Percentage of net assets. The net exposures are a combination of potential long and short exposures of derivatives, such as futures and forward foreign currency contracts. Percentages may not total 100.00 due to rounding.

For additional sector breakdown, see fact sheets in "Fund documentation" above.
NFW-11941AO

Portfolio characteristics
(as of )

Characteristic Fund
Sharpe ratio (%)*
Standard deviation (%)*
Alpha*
Beta*
R-squared*
Turnover rate (%)
Sortino ratio (%)*
Tracking error*

* Portfolio Characteristics are calculated based on the Fund’s Morningstar Category Index using a rolling 3-year time period. If Inception Date of the share class is less than 3 years ago, Characteristic is not available.
NFW-12439AO

Style details
(as of )

Fixed-income style

Quality
High
Med
Low
Ltd
Mod
Ext
Interest-rate sensitivity

Important disclosure

The Morningstar Style Box is a nine-square grid that provides a graphical representation of the "investment style" of mutual funds as of the date noted above. For funds with underlying fixed-income holdings, those holdings are used to measure credit quality on the Fixed-Income Style Box's vertical axis in three categories (High, Medium, Low) and interest rate sensitivity on the horizontal axis in three categories (Limited, Moderate, Extensive). A darkened square in the Style Box indicates the weighted average style of the portfolio.

Credit quality
(as of )

Credit quality Holdings (%)

Important disclosure

Credit Quality specifies the percentages of the Fund's underlying holdings that are rated by Standard & Poor's Ratings Services (Standard & Poor's) to indicate the issuer's creditworthiness.

Standard & Poor's bond credit ratings typically range from AAA (highest) to D (lowest). These ratings are not absolute standards of quality and do not provide assurance against default or other loss of principal value. Securities that are not rated by either agency are listed as "Not Rated." Ratings do not apply to the Fund itself or to Fund shares. Ratings may change.

Rankings and ratings
(as of )

Morningstar rating Quartile ranking Percentile rank
Overall
1-year
3-year
5-year
10-year
Overall Morningstar rating is based on risk adjusted returns for a weighted average of its applicable 3-, 5- and 10-year ratings as of ..

Fund risks

The Fund is subject to the risks of investing in fixed-income securities (including high-yield bonds), including default risk and interest rate risk. Funds that invest in high-yield securities are subject to greater default risk, liquidity risk, and price fluctuations than funds that invest in higher-quality securities. The prices of high-yield bonds tend to be more sensitive to adverse economic and business conditions than higher-rated corporate bonds. Increased volatility may reduce the market value of high-yield bonds. They are also subject to the claims-paying ability of the issuing company. The Fund is also subject to prepayment, call, and extension risk as it may invest in mortgage-backed and asset-backed securities. These risks arise when interest rates are falling, and bonds may get paid sooner than anticipated, causing the proceeds to be invested in lower yields; or if interest rates are rising, bond proceeds may be repaid slower than expected, and therefore, the Fund may not be able to reinvest when rates are going up. Please refer to the most recent prospectus for a more detailed explanation of the Fund's principal risks.
NFW-10688AO.2

Distributions

Distribution information

Access important year-end information shareholders will need to prepare taxes.

NFW-9187AO

[1] 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 licensed 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.
NFW-8946AO.3

* Effective 1/17/25, the Nationwide BNY Mellon Core Plus Bond ESG Fund removed the ESG overlay. Effective 5/12/25, Nationwide changed the subadviser on the Fund to Invesco and it is now known as the Nationwide Invesco Core Plus Bond Fund.
NFW-12169AO.2
Need more information?
We’re here to help you meet your clients’ needs. 
Mutual fund service: 1-800-848-0920
Retail mutual fund sales: 1-877-245-0761
Connect with a Nationwide Funds wholesaler or key accounts representative
NFW-10236AO.1

Read this important information

Performance represents average annual total returns, assumes the reinvestment of all distributions and reflects applicable sales charges. Total returns reflect a waiver of part of each Fund's fees for certain periods since inception, without which returns would have been lower. Average annual total returns illustrate the annual compounded returns that would have produced the cumulative total return if each Fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized.
NFW-8973AO

Additional disclosures

Returns prior to the first offering of a specific share class of a Fund are based on the previous performance of other share classes of that Fund as noted below. This performance is substantially similar to what the specific share class would have produced because all share classes of a Fund invest in the same portfolio of securities. Performance assumes the reinvestment of all dividends and distributions. Performance has not been adjusted to reflect differences in applicable sales charges for individual classes, which if reflected may have resulted in higher or lower performance for the specific share class. Performance has been adjusted to reflect different expense levels for individual classes.
NFW-8982AO

Class A

Nationwide Schroders Global Equity Fund Class A shares performance prior to inception (11/19/12) is based on performance of Class A shares of the Fund's predecessor fund. Nationwide Invesco Core Plus Bond Fund Class A shares performance prior to inception (4/24/13) is based on performance of the Fund's Class R6 shares (which is based on performance of the Fund's predecessor fund). Nationwide Bailard Cognitive Value Fund, Nationwide Bailard International Equities Fund, Nationwide Bailard Technology & Science Fund, Nationwide Geneva Mid Cap Growth Fund, Nationwide Geneva Small Cap Growth Fund, Nationwide Loomis Core Bond Fund, Nationwide NYSE Arca Tech 100 Index Fund, and Nationwide WCM Focused Small Cap Fund Class A shares performance prior to each Fund's inception (9/16/13) is based on performance of Class A shares of each Fund's predecessor fund. Nationwide BNY Mellon Dynamic U.S. Equity Income Fund Class A shares performance prior to inception (12/13/19) is based on performance of Shares of the Predecessor Fund.
NFW-8983AO.9

Institutional Service Class

Nationwide BNY Mellon Dynamic U.S. Core Fund Institutional Service Class shares performance prior to inception (11/30/11) is based on performance of the Fund's Class R6 shares. Nationwide Schroders Global Equity Fund Institutional Service Class shares performance prior to inception (11/19/12) is based on performance of the Fund's Class R6 shares (which is based on performance of Class Y shares of the Fund's predecessor fund). Nationwide Invesco Core Plus Bond Fund Institutional Service Class shares performance prior to inception (4/24/13) is based on performance of the Fund's Class R6 shares (which is based on performance of the Fund's predecessor fund). Nationwide Bailard Cognitive Value Fund, Nationwide Bailard International Equities Fund, Nationwide Bailard Technology & Science Fund, Nationwide Geneva Mid Cap Growth Fund, Nationwide Geneva Small Cap Growth Fund, Nationwide Loomis Core Bond Fund, Nationwide NYSE Arca Tech 100 Index Fund, and Nationwide WCM Focused Small Cap Fund Institutional Service Class shares performance prior to inception (9/16/13) is based on performance of Fiduciary Class shares of each Fund's predecessor fund. Nationwide BNY Mellon Dynamic U.S. Equity Income Fund Institutional Service Class shares performance prior to inception (12/13/19) is based on performance of Shares of the Predecessor Fund.
NFW-8986AO.11

Class R6

Nationwide Schroders Global Equity Fund Class R6 shares performance prior to inception (11/19/12) is based on performance of Class Y shares of the Fund's predecessor fund. Nationwide Invesco Core Plus Bond Fund Class R6 shares performance prior to inception (4/22/13) is based on performance of the Fund's predecessor fund. Nationwide Bailard Cognitive Value Fund, Nationwide Bailard International Equities Fund, Nationwide Bailard Technology & Science Fund, Nationwide Geneva Mid Cap Growth Fund, Nationwide Geneva Small Cap Growth Fund, Nationwide Loomis Core Bond Fund, Nationwide NYSE Arca Tech 100 Index Fund, and Nationwide WCM Focused Small Cap Fund Class R6 shares performance prior to inception (9/18/13) is based on performance of the Fund's Institutional Service Class shares (which is based on performance of Fiduciary Class shares of the Fund's predecessor fund). Nationwide BNY Mellon Dynamic U.S. Equity Income Fund Class R6 shares performance prior to inception (12/13/19) is based on performance of Shares of the Predecessor Fund.
NFW-8985AO.9

Eagle Class

Nationwide Loomis All Cap Growth Fund Eagle Class shares performance prior to inception (6/27/18) is based on performance of the Fund's Institutional Service Class shares. Nationwide BNY Mellon Dynamic U.S. Core Fund Eagle Class shares performance prior to inception (9/28/18) is based on performance of the Fund's Institutional Service Class shares. Nationwide BNY Mellon Dynamic U.S. Equity Income Fund Eagle Class shares performance prior to inception (12/13/19) is based on performance of Shares of the Predecessor Fund.
NFW-8987AO.5

Class K

Nationwide BNY Mellon Dynamic U.S. Equity Income Fund Class K shares performance prior to inception (12/13/19) is based on performance of Shares of the Predecessor Fund.
NFW-8972AO.2

Morningstar Ratings disclosure

Morningstar Ratings reflect risk-adjusted performance. The Morningstar RatingTM is derived from a weighted average of the performance figures associated with the Fund's 3-, 5- and 10-year (if applicable) periods.

Morningstar Ratings metrics: Morningstar Ratings are based solely on a proprietary mathematical formula based on measures of risk and performance that it recalculates each month. The ratings formula measures the amount of variation in a fund's monthly performance (excluding the effects of sales charges and loads) emphasizing downward variations and rewarding consistency. Ratings are subject to change every month. The top 10% of funds in the category receive 5 stars; the next 22.5%, 4 stars; the next 35%, 3 stars; the next 22.5%, 2 stars; and the bottom 10%, 1 star.

Ratings are based on specific class performance of each fund. Current fund performance may be higher or lower, which may change a fund's star rating. Despite high ratings, funds may have experienced negative performance during the period. Performance may reflect a waiver of part of a fund's fees for certain periods since inception, without which returns would have been lower. The Morningstar Rating does not include any adjustment for sales loads.

© 2025 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
NFW-8989AO.3