Address And Details

1200 River Rd, Ste 1000 , Conschohoken, PA 19428
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The Nationwide Mellon Dynamic U.S. Core Fund seeks long-term capital growth.The Fund seeks to provide investors with long-term growth of capital by outperforming the S&P 500 Index over a full market cycle while maintaining a similar level of market risk as the index. To achieve this goal, the Funds subadviser seeks to identify and construct the most optimal portfolio that targets an equity-like level of volatility by allocating assets among equity securities, money market instruments, futures contracts the value of which are derived from the performance of equity and bond indexes, and options on equity index and bond futures contracts. Futures and options are derivatives and may expose the Fund to leverage.Equity securities that the Fund buys primarily are common stocks of companies that are included in the S&P 500 Index. In order to achieve additional exposure to equity markets,the Fund also purchases futures contracts on the S&P 500 Index and call options on such S&P 500 Index futures contracts. Money market instruments are high-quality short-term debt securities issued by governments and corporations. Money market instruments serve primarily as cover for the Funds derivatives positions, although the subadviser also at times may allocate assets to money market instruments in order to hedge against equity market risk. The Fund obtains exposure to U.S. Treasury bonds by purchasing futures contracts on U.S. Treasury bonds included in the Bloomberg Barclays U.S. Long Treasury Index. The Fund also may purchase options on U.S. Treasury bond futures contracts. The Fund may use Treasury bond futures and options to hedge against equity market risks. Under normal circumstances, the Fund invests at least 80% of its net assets in securities of U.S. issuers or derivatives the value of which are linked to securities of U.S. issuers.In determining what the subadviser believes to be the optimal allocation among equity exposures, Treasury bonds and money market instruments, the subadviser uses estimates of future returns and volatility. When the subadviser believes that equity markets appear favorable, it uses leverage generated by futures and options to increase the Funds equity exposure. When equity markets appear to be unfavorable, the subadviser reduces the Funds equity exposure by allocating assets to Treasury bond index futures and/or money market instruments. By combining equity securities, futures on stock and bond indexes, call options and money market instruments in varying amounts, the subadviser may adjust the Funds overall equity exposure within a range of 50% 150% of the Funds net assets. The subadviser regularly reviews the Fund's investments and will consider selling an investment when the subadviser believes such investment is no longer attractive as a result of price appreciation or a change in risk profile, or because other available investments are considered to be more attractive.The Fund is designed for investors seeking growth of capital by investing in a portfolio of equity and debt securities, and derivatives with investment characteristics similar to equity and debt securities, in order to achieve enhanced equity returns while maintaining a level of volatility risk that is similar to the S&P 500 Index. Investors in the Fund should have along-term perspective and be able to tolerate potentially sharp declines in value.

Net Asset Value

as of 6:59 PM ET 09/17/2021

Performance

  • 1 Week
  • -0.63%
  • 1 Month
  • -0.39%
  • 3 Months
  • +6.04%
  • 1 Yr Return
  • +30.14%
  • 5 Yr Return
  • +22.58%

Equity Sector Breakdown

Technology 28.99%
Finance 14.53%
RetailTrade 10.42%
NonDurables 8.71%
IndustrialCyclical 7.54%
Health 6.36%
Services 2.80%
Utilities 2.56%
Energy 2.11%
ConsumerDurables 1.67%

Asset Allocation

Asset Type % Of Allocation
Stocks 87.63%
ForeignStocks 1.84%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 947.25 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 0.29 1.45 -0.73
Beta 1.01 1.01 1.03
R Squared 0.98 0.97 0.93
Std Deviation 18.93 15.39 14.35
Sharpe Ratio 1.02 1.29 n/a

Purchase Information

as of 6:43 PM ET 09/16/2021
Minimum Initial $0
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 06/30/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 06/30/2021
1 Year
  • +30.76%
  • +38.07%
+30.76% +38.07%
3 Year
  • +18.57%
  • +19.33%
+18.57% +19.33%
10 Year
  • +15.90%
  • +14.37%
+15.90% +14.37%
Life Of Fund
  • +10.99%
  • +10.71%
+10.99% +10.71%

Top 10 Holdings

Symbol Company Name % Of Assets
AAPL APPLE INC 5.14%
MSFT MICROSOFT CORP 4.71%
AMZN AMAZON COM INC 3.68%
FB FACEBOOK INC 1.94%
GOOGL ALPHABET INC CLASS A 1.75%
GOOG ALPHABET INC CLASS C 1.72%
TSLA TESLA MOTORS INC 1.35%
BRK.B BERKSHIRE HATHAWAY INC CL B 1.30%
JPM JPMORGAN CHASE & CO 1.16%
JNJ JOHNSON & JOHNSON 1.06%

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