Upload files
Log in
Submitting your request…

  • ...
  • Investments
  • Mutual funds
  • Fund list

    • Overview

    Objective

    The Fund seeks high total return through a portfolio of U.S. large cap stocks.

    Analyst driven: Leveraging a time-tested fundamental research process to identify leaders from the US Large Cap Universe.

    Key features

    • Focus on fundamental research: Fundamental research-driven approach that focuses on identifying attractively valued stocks with earnings growth potential within each sector
    • Quality companies: Invests in companies with robust business models, strong management teams, and sustainable earnings
    • Stock selection drives alpha: Seeks to outperform the S&P 500 Index with similar volatility, through a bottom-up stock selection process

    Fund documentation

    • Fact sheet (PDF): Share classes A, IS, and/or R6

    Additional resources

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

    Strategy overview

    The Strategy is a large cap core mandate that seeks to deliver long-term outperformance vs. the Equity Index. J.P. Morgan's investment philosophy is based on the following core beliefs: 

    • Stocks often are mispriced by the market relative to their true long-term value
    • An investment approach that exploits these mispricings can deliver strong investment results and
    • Bottom-up, fundamental stock selection drives portfolio construction.

    The Strategy is a high-conviction, low-turnover approach that invests in quality earnings compounders at a reasonable price. Its process focuses on stock selection, with the belief that a company's stock price should reflect the present value of its long-term future cash flows. J.P. Morgan believes that by understanding a company's long-term normalized earnings power and looking beyond near-term issues, temporary mispricing of stocks can be exploited.

    Fund management

    Portfolio management

    J.P. Morgan Asset Management logo

    J.P. Morgan Asset Management

    J.P. Morgan Asset Management is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity.

    Founded: 1974

    Location: New York, NY

    Assets Under Management (AUM): $4.1 Trillion (as of 6/30/2026)

    Management team

    Susan Bao photo

    Susan Bao

    Managing Director, Portfolio Manager

    Investing since: 1997
    Fund tenure since: 2025
    Education: MBA, New York University; BS, Centenary College
    Andrew Stern photo

    Andrew Stern

    Executive Director, Portfolio Manager

    Investing since: 2008
    Fund tenure since: 2025
    Education: BS, Columbia University
    Timothy Woodhouse photo

    Timothy Woodhouse, CFA

    Managing Director, Portfolio Manager

    Investing since: 2008
    Fund tenure since: 2025
    Education: BS, University of York
    Submitting your request…

    Performance

    Average annual returns
    (as of )

    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.

    Calendar year returns
    (as of )

    Growth of 10K
    (as of )

    Fees, expenses and minimums

    Important disclosure

    Expense ratios are as of the most recent prospectus. The difference between gross and net operating expenses reflects contractual fee waivers in place through March 2, 2027. Please see the Fund's prospectus for more details.

    Submitting your request…

    Portfolio

    Asset allocation
    (as of )

    Percentage of net assets.

    Top 10 holdings
    NWFAX (as of )

    Holding nameWeight (%)
    No holdings data available.

    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 equity assets. Percentages may not total 100.00 due to rounding.

    Portfolio characteristics
    (as of )

    * 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.

    Style details
    (as of )

    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 stocks and stock funds, it classifies securities according to market capitalization (the vertical axis) and growth and value factors (the horizontal axis). A darkened square in the style box indicates the weighted average style of the portfolio.

    Rankings and ratings
    (as of )

    Fund risks

    The Fund is subject to the risks of investing in equity securities. The Fund also is subject to the risks of investing in foreign securities (which are volatile, harder to price and less liquid than U.S. securities). The Fund may hold large positions in a small number of securities, and an increase or decrease in the value of such securities may have a greater impact on the Fund's value and total return. In addition, the Fund may be subject to sector risk in that its holdings in certain industries or sectors may subject it to more volatility in various market conditions. The Fund strategy may integrate ESG factors with traditional financial factors resulting in ESG integration risk. ESG information by nature and in many instances is based on a qualitative and subjective assessment; and an element of subjectivity and discretion is therefore inherent to the interpretation and use of ESG data. Please refer to the most recent prospectus for a more detailed explanation of the Fund's principal risks.

    Distributions

    Distribution information

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

    [1] S&P 500® Index: An unmanaged, market capitalization-weighted index of 500 stocks of leading large-cap U.S. companies in leading industries; gives a broad look at the U.S. equities market and those companies' stock price performance.

    S&P Indexes are trademarks of Standard & Poor's and have been licensed for use by Nationwide Fund Advisors. The Products are not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard & Poor's does not make any representation regarding the advisability of investing in the Product.

    *Effective 7/11/25, Nationwide changed the subadviser on the Fund to J.P. Morgan Asset Management.

    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

    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.

    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.

    Submitting your request…

    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.

    © 2026 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.