Columbus, OH,
18
December
2019
|
14:56 PM
America/New_York

Nationwide Adopts Two BNY Mellon Mutual Funds

New investment offerings will continue to strengthen and expand Nationwide’s mutual funds’ value offerings

Nationwide’s Investment Management Group business completed the adoption of two mutual funds from the BNY Mellon Family of Funds. The BNY Mellon Disciplined Stock Fund, which will be reorganized into the new Nationwide Mellon Disciplined Value Fund, and the BNY Mellon Growth and Income Fund, was reorganized into the existing Nationwide Dynamic U.S. Growth Fund, effective December 16, 2019.

“These transactions exemplify how Nationwide seeks to bring quality and high-conviction solutions to the customers we serve, while strengthening the value of our offerings through partnering with leading asset managers such as Mellon,” said Michael Spangler, senior vice president of Nationwide Financial.

Mellon Investments Corporation (“Mellon”), a BNY Mellon Investment Management firm, will sub-advise both funds.

The Nationwide Mellon Disciplined Value Fund seeks total return, consisting of capital appreciation and/or income by investing primarily in common stocks. John Bailer, Brian Ferguson and David Intoppa of Mellon will manage the Fund.

The Nationwide Dynamic U.S. Growth Fund seeks long-term capital growth. Mellon Portfolio Managers Vassilis Dagioglu, James H. Stavena and Joseph Miletich, began managing the fund in July of 2018 and will continue with the day-to-day management.

The fund adoptions expand Nationwide’s lineup of investment offerings and could provide potential asset growth opportunities that, if realized, may result in more efficient portfolio management and economies of scale.

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.

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 www.nationwide.com. Follow us on Facebook and Twitter.