Nationwide Strategic Income Fund
Nationwide Mutual Funds · 4 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Nationwide Strategic Income Fund is an actively managed global bond fund.
- Asset class
- Bonds
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Mixed credit
- Rate sensitivity
- Intermediate duration
Fund profile
As filed in the prospectus · 2026 Q1
The Nationwide Strategic Income Fund seeks to provide a high level of current income.
The fund is managed by a subadviser that allocates flexibly across debt securities of any credit quality, maturity, or geography, including high-yield bonds, emerging market debt (capped at 65% of assets), and corporate loans, with the goal of capturing value through fundamental analysis of yield and credit spreads as well as technical factors like price momentum and market sentiment. The subadviser may use derivatives including futures, forward currency contracts, and credit default swaps to increase returns, hedge currency exposure, or manage portfolio duration. Because the fund may invest substantially in lower-rated securities and those at high risk of default, credit losses could materially reduce returns.
| Share class | Gross | Net |
|---|---|---|
| NWXEX | 1.00% | 0.90% |
| NWXGX | 0.59% | 0.49% |
| NWXHX | 0.71% | 0.61% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 290.32% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 66.35% |
| Securitized | 33.05% |
| Cash & short-term | 6.91% |
| Loans | 1.58% |
| 2 smaller | 1.21% |
These positions come to 109.11% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Securitized | 30.2% |
| International | 23.4% |
| Other | 15.3% |
| Financials | 10.1% |
| 12 smaller | 21.0% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: FNMA or FHLMC ×3, U.S. Treasury Bills ×2, Morgan Stanley, Federative Republic of Brazil, Electricite de France SA
Largest exited: U.S. Treasury Bills, United States of America, MAREX CAPITAL MARKETS INC, Level 3 Financing, Inc., Uniti Group LP, Delek Logistics Partners LP, Garda World Security Corp., AutoNation, Inc.
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +7.31% | +26.37% | +28.23% | 1.47% | -0.33% | |
| — | — | — | — | — | |
| +7.76% | +28.14% | +30.79% | 1.44% | -0.30% | |
| +7.52% | +27.68% | +29.98% | 1.44% | -0.31% |
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 56.7% |
| Floating rate | 43.3% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.9% |
| 1-3y | 6.5% |
| 3-5y | 14.9% |
| 5-10y | 36.1% |
| 10y+ | 40.6% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 51% |
| Interest rates | 49% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +3.58 yr |
| High yield | +0.93 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.06 yr | 1% |
| 1 yr | 0.26 yr | 6% |
| 5 yr | 1.27 yr | 29% |
| 10 yr | 2.12 yr | 49% |
| 30 yr | 0.66 yr | 15% |
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.25 yr | 5% |
| 5 yr | 1.34 yr | 30% |
| 10 yr | 2.23 yr | 49% |
| 30 yr | 0.68 yr | 15% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.06 | +0.01 | +0.00 | $2.2k | $575 |
| 1 yr | +0.26 | +0.12 | +0.13 | $24.7k | $26.3k |
| 5 yr | +1.27 | +0.84 | +0.51 | $174.0k | $105.5k |
| 10 yr | +2.12 | +1.94 | +0.28 | $404.2k | $58.8k |
| 30 yr | +0.66 | +0.67 | +0.01 | $140.4k | $1.8k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 4.37 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | FNMA or FHLMC2.50% · due 2056-06-25 | 4.75% | $98.76M | — |
| — | U.S. Treasury Bills | 2.88% | $59.98M | — |
| — | FNMA or FHLMC3.50% · due 2056-05-25 | 2.59% | $53.79M | — |
| — | FNMA or FHLMC5.50% · due 2056-05-25 | 2.08% | $43.21M | — |
| — | NOMURA SECURITIES INTERNATIONAL INC | 1.47% | $30.60M | — |
| — | SANTANDER US CAPITAL MARKETS LLC | 1.44% | $30.00M | — |
| — | U.S. Treasury Bills | 0.96% | $19.96M | — |
| — | Morgan Stanley4.55% floating · due 2030-04-10 | 0.96% | $19.94M | — |
| — | Total Play Telecomunicaciones SA de CV11.13% · due 2032-12-31 | 0.94% | $19.52M | — |
| — | Federative Republic of Brazil6.25% · due 2036-05-22 | 0.90% | $18.79M | — |
Top 10 positions are 18.96% of net assets, top 25 30.14%, across 368 issuers.
See more of this fund's book
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