Columbus, OH,
15:06 PM

Nationwide Adopts AllianzGI International Growth Fund

New fund brings a 4-star overall Morningstar rating for Institutional Class shares and broadens the range of international strategies available to investors

Nationwide’s mutual fund business has completed the adoption of the AllianzGI International Growth Fund. Shareholders voted to approve its merger and reorganization into the Nationwide AllianzGI International Growth Fund (Class A: NWAGX; Class R6: NWAHX; Eagle Class: NWAJX; Institutional Service Class: NWAKX) earlier this year. The adoption expands Nationwide's lineup of investment offerings and provides a solid track record of performance to leverage for growth.

"This adoption exemplifies Nationwide's ongoing effort to grow its mutual fund business, while continuing to provide investments that offer unique and differentiated active investment management strategies," said Michael Spangler, president of Nationwide Funds. "At Nationwide we work to identify the real drivers of return, and the Nationwide AllianzGI International Growth Fund finds those opportunities by investing in companies that have inherent long-term competitive advantages.”

Allianz Global Investors (AllianzGI) will continue to manage the Fund as a subadviser under the leadership of portfolio managers Robert Hofmann and Tobias Kohls. The Fund's existing assets and 4-year performance track record have transitioned to the Nationwide AllianzGI International Growth Fund.

The portfolio managers employ a disciplined process that primarily focuses on three fundamental business characteristics: growth, quality and valuation. The team offers a unique approach to growth by investing in companies with competitive advantages and high barriers to entry that enable long-term structural growth, not short-term growth momentum.

“We are very excited to build upon a pre-existing partnership with Nationwide, allowing them to market our strategy while preserving its solid track-record,” said Robert Hofmann, portfolio manager at AllianzGI. “We look forward to continued growth and shared success as a result of this strategic partnership.”

Investors interested in learning more about Nationwide Funds should contact their financial professional or visit the website. Financial professionals interested in learning more should call the Nationwide Funds Group sales desk at 877-877-5083, option 3.

About Nationwide Funds Group

Nationwide Funds Group (NFG) comprises Nationwide Fund Advisors, Nationwide Fund Distributors LLC and Nationwide Fund Management LLC. Together they provide advisory, distribution and administration services, respectively, to Nationwide Funds. Distributor

Nationwide Funds distributed by Nationwide Fund Distributors LLC (NFD), member FINRA, Columbus, OH. NFD is not affiliated with any subadviser contracted by Nationwide Fund Advisors (NFA), with the exception of Nationwide Asset Management, LLC (NWAM). Nationwide Investment Services Corporation (NISC), member FINRA. NFD is not an affiliate of Morningstar, Inc.

Allianz Global Investors

Allianz Global Investors is a leading active asset manager with over 730 investment professionals in 24 offices worldwide and managing $601 billion in assets for individuals, families and institutions. Active is the most important word in our vocabulary. Active is how we create and share value with clients. We believe in solving, not selling, and in adding value beyond pure economic gain. We invest for the long term, employing our innovative investment expertise and global resources. Our goal is to ensure a superior experience for our clients, wherever they are based and whatever their investment needs.

As of March 31, 2019

About Nationwide

Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by both A.M. Best and Standard & Poor’s. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit Follow us on Facebook and Twitter.