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Trending ETFs

Nationwide Amundi Strategic Income Fund

mutual fund
NWXEX
Payout Change
Pending
Price as of:
$10.09 +0.01 +0.1%
primary theme
Bond Sector Diversified
share class
R6 (NWXGX) Instl (NWXHX) A (NWXEX)
NWXEX (Mutual Fund)

Nationwide Amundi Strategic Income Fund

Payout Change
Pending
Price as of:
$10.09 +0.01 +0.1%
primary theme
Bond Sector Diversified
share class
R6 (NWXGX) Instl (NWXHX) A (NWXEX)
NWXEX (Mutual Fund)

Nationwide Amundi Strategic Income Fund

Payout Change
Pending
Price as of:
$10.09 +0.01 +0.1%
primary theme
Bond Sector Diversified
share class
R6 (NWXGX) Instl (NWXHX) A (NWXEX)

Name

As of 12/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Nationwide Amundi Strategic Income Fund

NWXEX | Fund

$10.09

$261 M

7.63%

$0.77

1.20%

Vitals

YTD Return

9.2%

1 yr return

10.3%

3 Yr Avg Return

5.2%

5 Yr Avg Return

4.8%

Net Assets

$261 M

Holdings in Top 10

14.9%

52 WEEK LOW AND HIGH

$10.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.20%

SALES FEES

Front Load 2.25%

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Nationwide Amundi Strategic Income Fund

NWXEX | Fund

$10.09

$261 M

7.63%

$0.77

1.20%

NWXEX - Profile

Distributions

  • YTD Total Return 9.2%
  • 3 Yr Annualized Total Return 5.2%
  • 5 Yr Annualized Total Return 4.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.80%
DIVIDENDS
  • Dividend Yield 7.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Nationwide Amundi Strategic Income Fund
  • Fund Family Name
    Nationwide Mutual Funds
  • Inception Date
    Nov 02, 2015
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Kenneth Monaghan

Fund Description

The Fund employs a flexible investment approach, allocating across different types of fixed-income securities with few limitations as to credit quality, geography, maturity or sector, with the goal of achieving a high level of current income. The Fund may invest in U.S. government securities and foreign government bonds, as well as U.S. and foreign corporate bonds and debentures, asset-backed securities, mortgage-backed securities (including collateralized mortgage obligations) and convertible bonds. The Fund also may invest in corporate loans. Securities in which the Fund invests pay interest on either a fixed-rate or a variable-rate basis. The Fund may invest in securities issued by foreign issuers, including those that are located in emerging market countries, although the Fund does not invest more than 65% of its net assets, at the time of purchase, in emerging market securities. Emerging market countries include certain countries located in Latin America, Asia, Africa, the Middle East, and developing countries of Europe, primarily Eastern Europe. Many foreign securities are denominated in currencies other than the U.S. dollar.The Fund may invest without limitation in fixed-income securities of any maturity, duration or credit quality. Accordingly, the Fund may invest a substantial portion of its portfolio in high-yield bonds (i.e. “junk bonds”) and other securities that are lower-rated. Some of these debt securities may be in default or at high risk of defaulting, and may have extremely poor prospects for being able to make principal and interest payments.The Fund’s subadviser may use derivatives, such as futures and forward foreign currency contracts, either to increase returns, to hedge against international currency exposure, or to manage the Fund’s average portfolio duration. The subadviser also may buy or sell credit default swaps either to hedge against investment risks or to increase return.The Fund’s subadviser does not manage the Fund specific to any index or benchmark, which provides it with flexibility to allocate to and rotate across any sector in the fixed-income universe. This strategy is designed to provide exposure to those areas of the fixed-income market that the subadviser anticipates will provide value, while attempting to minimize exposure to those areas it anticipates will not provide value. In managing the Fund, the subadviser considers fundamental market factors such as yield and credit quality differences among bonds, as well as demand and supply trends. The subadviser also makes investment decisions based on technical factors such as price momentum, market sentiment, and supply or demand imbalances. The Fund may engage in active and frequent trading of portfolio securities.
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NWXEX - Performance

Return Ranking - Trailing

Period NWXEX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.2% -11.1% 18.9% 10.22%
1 Yr 10.3% -9.2% 20.8% 23.68%
3 Yr 5.2%* -16.9% 16.8% 6.67%
5 Yr 4.8%* -14.7% 13.4% 6.96%
10 Yr N/A* -7.0% 7.1% N/A

* Annualized

Return Ranking - Calendar

Period NWXEX Return Category Return Low Category Return High Rank in Category (%)
2023 4.4% -12.0% 8.9% 17.62%
2022 -11.6% -31.8% 18.4% 40.41%
2021 0.6% -16.2% 25.7% 17.21%
2020 -1.5% -31.1% 18.7% 74.15%
2019 5.9% -6.1% 15.3% 34.49%

Total Return Ranking - Trailing

Period NWXEX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.2% -11.1% 18.9% 10.22%
1 Yr 10.3% -9.2% 20.8% 23.68%
3 Yr 5.2%* -16.9% 16.8% 6.67%
5 Yr 4.8%* -14.7% 13.4% 6.96%
10 Yr N/A* -7.0% 7.1% N/A

* Annualized

Total Return Ranking - Calendar

Period NWXEX Return Category Return Low Category Return High Rank in Category (%)
2023 9.0% -6.9% 22.2% 34.47%
2022 -2.1% -31.8% 21.1% 11.73%
2021 4.6% -13.5% 49.9% 13.77%
2020 3.2% -28.6% 24.1% 70.41%
2019 9.8% -4.8% 19.1% 38.34%

NAV & Total Return History

NWXEX - Holdings

Concentration Analysis

NWXEX Category Low Category High NWXEX % Rank
Net Assets 261 M 2.63 M 143 B 67.36%
Number of Holdings 492 4 9638 50.86%
Net Assets in Top 10 75.3 M -204 M 89.4 B 70.67%
Weighting of Top 10 14.94% 5.8% 265.8% 79.72%

Top 10 Holdings

  1. Treasury Repurchase Agreement 1.98%
  2. UMBS, 30 Year, Single Family 1.80%
  3. UMBS, 30 Year, Single Family 1.67%
  4. U.S. Treasury Bills 1.58%
  5. UMBS, 30 Year, Single Family 1.42%
  6. UMBS, 30 Year, Single Family 1.41%
  7. US Bancorp 1.40%
  8. Banco Santander SA 1.25%
  9. GNMA 1.21%
  10. Treasury Repurchase Agreement 1.21%

Asset Allocation

Weighting Return Low Return High NWXEX % Rank
Bonds 		92.80% 0.00% 199.60% 41.65%
Other 		16.33% -75.22% 147.15% 17.00%
Convertible Bonds 		4.71% 0.00% 33.50% 17.95%
Cash 		1.58% -94.66% 99.97% 72.23%
Stocks 		0.08% -6.18% 99.68% 61.93%
Preferred Stocks 		0.00% 0.00% 21.58% 84.87%

Bond Sector Breakdown

Weighting Return Low Return High NWXEX % Rank
Corporate 		36.40% 0.00% 96.66% 50.08%
Securitized 		20.04% 0.00% 99.65% 45.25%
Government 		4.36% 0.00% 99.43% 70.37%
Cash & Equivalents 		1.58% 0.00% 94.89% 68.08%
Municipal 		0.10% 0.00% 54.26% 32.85%
Derivative 		-0.91% -75.22% 147.15% 93.43%

Bond Geographic Breakdown

Weighting Return Low Return High NWXEX % Rank
US 		91.97% 0.00% 199.60% 28.86%
Non US 		0.84% 0.00% 74.14% 59.44%

NWXEX - Expenses

Operational Fees

NWXEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.20% 0.03% 34.13% 47.90%
Management Fee 0.55% 0.00% 2.29% 39.32%
12b-1 Fee 0.25% 0.00% 1.00% 49.28%
Administrative Fee 0.25% 0.00% 0.70% 82.63%

Sales Fees

NWXEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 0.00% 5.75% 94.92%
Deferred Load N/A 1.00% 1.50% N/A

Trading Fees

NWXEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NWXEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 632.00% 57.58%

NWXEX - Distributions

Dividend Yield Analysis

NWXEX Category Low Category High NWXEX % Rank
Dividend Yield 7.63% 0.00% 23.30% 61.82%

Dividend Distribution Analysis

NWXEX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly SemiAnnual Monthly Quarterly

Net Income Ratio Analysis

NWXEX Category Low Category High NWXEX % Rank
Net Income Ratio 3.80% -1.55% 11.51% 21.87%

Capital Gain Distribution Analysis

NWXEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

NWXEX - Fund Manager Analysis

Managers

Kenneth Monaghan

Start Date

Tenure

Tenure Rank

Nov 02, 2015

6.58

6.6%

Kenneth J. Monaghan is Managing Director, Co-Director of High Yield, and Portfolio Manager at Amundi Pioneer. Based in Durham, he is a Portfolio Manager on US high yield and global high yield strategies. Ken is also Co-Director of a team of portfolio managers who specialize in identifying and capitalizing on high yield and bank loan opportunities globally. The team also provides insight and recommendations for a number of multi-sector fixed income strategies managed by the US fixed income team. Prior to joining Amundi Pioneer in 2014, Ken was at Rogge Global Partners where he was Partner and Portfolio Manager responsible for US high yield and was an integral part of Rogge’s global high yield strategy; he also ran Rogge’s New York office. He joined Rogge in 2008 from ING Investment Management where he was Managing Director and Portfolio Manager responsible for US high yield. Ken brought ING’s institutional US high yield strategy to Rogge. He co-founded the strategy in 1996 at a predecessor organization to ING and was co-portfolio manager of the strategy from its inception and the sole senior portfolio manager of the strategy from 2007 through June 2014 when he left Rogge. Prior to becoming a portfolio manager, Ken spent 13 years at Salomon Brothers starting as a high yield analyst eventually heading Salomon’s high yield research effort in New York. He subsequently spent five years in London as head of Salomon’s London credit research team and upon his return to New York in 1991 launched Salomon’s nascent distressed credit effort. He spent his final years at Salomon as a Director of Institutional Sales. He began his career as a credit analyst at Lord, Abbett & Co. Ken is a graduate of Colgate University and holds both a Master of Business Administration (MBA) degree in Finance and a Master of Public Administration (MPA) degree from New York University.

Jonathan Duensing

Start Date

Tenure

Tenure Rank

Nov 02, 2015

6.58

6.6%

Jonathan M. Duensing, CFA, is the lead portfolio manager at Amundi Pioneer Institutional Asset Management, Inc. Mr. Duensing is Director of Investment Grades Corporates, Managing Director and Senior Portfolio Manager at Amundi Pioneer Institutional Asset Management. He joined the firm in 1996. Mr. Duensing holds a Bachelor of Arts in Finance from the University of Illinois, Urbana-Champaign, graduating with distinction and departmental honors.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.71 3.19

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