Nationwide Strategic Income Fund surpasses $1 billion in AUM

With a track record of outperformance, the Nationwide Strategic Income Fund (NWXHX) recently surpassed $1 billion in assets under management (AUM). Since its inception, the Fund has consistently demonstrated strong performance, earning a first-percentile ranking and an overall 5-star rating in the Morningstar multisector bond category.¹

NWXHX has delivered an average annual return of 6.07% since inception, outperforming its peer group by 2%. The Fund offers a flexible approach, enabling it to adapt to shifting markets and economic conditions. NWXHX portfolio management team has three experienced professionals with over 100+ years of combined expertise. 

“This milestone is a testament to our institutional-level, multi-step approach to investment manager and fund selection. By prioritizing quality and consistency, we are committed to providing investors with a higher probability of reaching their investment goals," said Kevin Jestice, President of the Nationwide Investment Management Group. "We leverage the specialized knowledge and expertise of subadvisers while holding them to the highest standards.”

Exceeding $1 billion in assets creates an opportunity to increase the Fund’s visibility and drive continued growth. Other key differentiators of the Nationwide Strategic Income Fund include:

• Flexibility to invest across fixed income sectors
• Active fixed income strategy with no benchmark constraints
• Can be used as a stand-alone strategy or to complement a core bond fund

On June 26, 2025, the Nationwide Amundi Strategic Income Fund was renamed to the Nationwide Strategic Income Fund following the merger of Amundi US with Victory Capital. No other changes were made to the Fund, and it continues to operate under the same portfolio management team, as well as its existing investment objectives, guidelines, tickers and fee structure.

¹The Fund ranked 35^th in the 1-year Morningstar category out of 371 funds, 9^th in the 3-year category out of 350 funds, 2^nd in the 5-year category out of 303 funds and 1^st since inception (11/2/2015) out of 254 funds.  Overall Morningstar Ratings are as of 6/30/2025, out of 350 funds, and based on Class A risk-adjusted return, and a weighted average of its applicable 3, 5, and 10-year Ratings, if applicable.  See disclosures below.

Nationwide Investment Management Group (IMG) is a business within Nationwide, a Fortune 100 company based in Columbus, Ohio, that is one of the largest and strongest diversified financial services and insurance organizations in the United States. IMG provides access to a curated list of investment solutions across asset classes that seek to outperform across market environments using a subadvised model offering access to specialized knowledge and expertise at institutional pricing. IMG holds its managers to the highest performance standards through uncompromising oversight by its nearly 20-person investment research team and provides ongoing market, economic and investment insights to help investors identify opportunities, manage risk and stay informed.

Learn more about the services Nationwide Investment Management Group provides.

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.

Call 800-848-0920 to request a summary prospectus and/or a prospectus, or download prospectuses at nationwide.com/mutual-fundsprospectuses.jsp. These prospectuses outline investment objectives, risks, fees, charges and expenses, and other information that you should read and consider carefully before investing.

KEY RISKS: The Fund is subject to the risks of investing in fixed-income securities, including high-yield bonds (which are more volatile). The Fund may invest in corporate loans (which have speculative characteristics and are high risk). 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 may invest in sovereign debt (a governmental entity may delay or refuse to pay interest or repay principal). 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 are 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'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 more detailed information.

Morningstar rankings are based on average annual returns. Morningstar percentile rank is a standardized way of ranking items within a peer group, in this case, funds with the same Morningstar Category. The observation with the largest numerical value is ranked one; the observation with the smallest numerical value is ranked 100. The remaining observations are placed equal distance from one another on the rating scale. Note that lower percentile ranks are generally more favorable for returns (high returns), while higher percentile ranks are generally more favorable for risk measures (low risk). 

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 or ETF'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 and ETFs 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. Other share classes may have different performance characteristics. Ratings are based on each fund's Class A performance. 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. The fund received 5 and 5 stars (Class A), 5 and 5 stars (Institutional Service Class), and 5 and 5 stars (R6 Class) for the 3- and 5-year periods among 350 and 303 Multisector Bond funds, respectively.© 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.

Nationwide Funds distributed by Nationwide Fund Distributors LLC (NFD), member FINRA, Columbus, Ohio. Nationwide Investment Services Corporation (NISC), member FINRA, Columbus, Ohio. NFD and NISC are not affiliated with any subadviser contracted by Nationwide Fund Advisors, with the exception of Nationwide Asset Management, LLC and are not affiliates of Morningstar, Inc.

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