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Trending ETFs

Name

As of 01/26/2024

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

$7.95

$45.4 M

20.93%

$1.66

1.39%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$45.4 M

Holdings in Top 10

18.5%

52 WEEK LOW AND HIGH

$8.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.39%

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 01/26/2024

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

$7.95

$45.4 M

20.93%

$1.66

1.39%

NWXIX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.04%
DIVIDENDS
  • Dividend Yield 20.9%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Nationwide Amundi Global High Yield 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
    Jonathan Duensing

Fund Description

The Fund invests in a portfolio of higher-yielding, lower-rated debt securities issued by U.S. and foreign companies. High-yield debt securities also may include mortgage-backed securities and asset-backed securities. The Fund also may invest in corporate loans.The Fund invests, under normal circumstances, at least 80% of its net assets in high-yield bonds. Such debt securities, which are rated below investment grade, are commonly referred to as “junk bonds” and are considered speculative. The Fund may invest in high-yield securities of any rating. These securities pay interest on either a fixed-rate or a variable-rate basis. The maturities of the securities in which the Fund may invest may range from short-term to long-term, and at any given time, the Fund’s portfolio is likely to include bonds with a variety of maturities.Under normal circumstances, the Fund invests in issuers from at least five countries (of which one may be the United States, although the Fund does not invest more than 80% of its net assets, at the time of purchase, in securities of U.S. issuers). An issuer will be deemed to be located in a country other than the United States if the issuer is organized outside of the United States, has its principal place of business outside of the United States, or generates more than 50% of its revenues from business outside of the United States. The Fund may invest in issuers located in either developed countries or emerging market countries, although the Fund does not invest more than 65% of its net assets, at the time of purchase, in emerging market issuers. 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 high-yield securities are denominated in currencies that are well-established internationally, such as the U.S. dollar, euro or yen, although other foreign high-yield securities are denominated in the local currencies of their issuers. The Fund may invest in securities that are denominated either in a well-established currency or in local currency. 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 obtain exposure to the investment characteristics of certain bonds or groups of bonds.In determining how to allocate the Fund’s assets across different countries, the subadviser examines macroeconomic factors to determine which economies it believes are likely to generate superior risk-adjusted returns. Within this macroeconomic framework, the subadviser next evaluates which sectors or industries, and ultimately, which individual companies or issuers, offer what it believes to be the best opportunities. In selecting individual securities, the subadviser emphasizes credit analysis, liquidity and risk management. The Fund may engage in active and frequent trading of portfolio securities.
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NWXIX - Performance

Return Ranking - Trailing

Period NWXIX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -5.0% 3.6% 16.97%
1 Yr N/A -7.8% 13.3% 52.13%
3 Yr N/A* -15.1% 20.2% 72.73%
5 Yr N/A* -10.6% 37.3% 72.39%
10 Yr N/A* -4.4% 19.5% N/A

* Annualized

Return Ranking - Calendar

Period NWXIX Return Category Return Low Category Return High Rank in Category (%)
2023 2.6% -4.7% 14.3% 92.51%
2022 -19.7% -33.4% 3.6% 93.83%
2021 0.9% -8.4% 8.2% 23.60%
2020 -4.0% -13.2% 302.7% 97.02%
2019 9.8% -4.4% 13.3% 10.70%

Total Return Ranking - Trailing

Period NWXIX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -5.0% 3.6% 16.97%
1 Yr N/A -7.8% 13.3% 52.13%
3 Yr N/A* -15.1% 20.2% 72.73%
5 Yr N/A* -10.6% 37.3% 72.39%
10 Yr N/A* -4.4% 19.5% N/A

* Annualized

Total Return Ranking - Calendar

Period NWXIX Return Category Return Low Category Return High Rank in Category (%)
2023 10.8% -4.7% 17.8% 76.61%
2022 -13.0% -33.4% 47.8% 87.04%
2021 6.1% -8.4% 12.4% 27.29%
2020 1.3% -9.6% 325.6% 92.40%
2019 16.7% 0.9% 19.4% 6.28%

NAV & Total Return History


NWXIX - Holdings

Concentration Analysis

NWXIX Category Low Category High NWXIX % Rank
Net Assets 45.4 M 1.85 M 22.6 B 91.07%
Number of Holdings 175 2 2736 78.57%
Net Assets in Top 10 8.13 M -492 M 4.45 B 88.60%
Weighting of Top 10 18.51% 4.3% 149.6% 25.84%

Top 10 Holdings

  1. Treasury Repurchase Agreement 5.35%
  2. Avation Capital SA 1.97%
  3. First Brands Group LLC, 1st Lien Term Loan 1.92%
  4. ABRA Global Finance 1.73%
  5. ASG Finance Designated Activity Co. 1.45%
  6. Grupo Aeromexico SAB de CV 1.37%
  7. Global Aircraft Leasing Co. Ltd. 1.25%
  8. Mativ Holdings, Inc. 1.18%
  9. Provident Funding Associates LP 1.15%
  10. Sherwood Financing plc 1.14%

Asset Allocation

Weighting Return Low Return High NWXIX % Rank
Bonds
93.65% -3.13% 154.38% 63.69%
Other
5.78% -63.70% 102.57% 6.84%
Convertible Bonds
3.04% 0.00% 17.89% 11.09%
Stocks
0.56% 0.00% 99.61% 45.08%
Preferred Stocks
0.00% 0.00% 8.06% 89.67%
Cash
0.00% -52.00% 49.49% 98.02%

Bond Sector Breakdown

Weighting Return Low Return High NWXIX % Rank
Corporate
76.84% 0.00% 129.69% 92.69%
Derivative
0.22% -15.04% 42.26% 10.94%
Government
0.21% 0.00% 99.07% 25.72%
Securitized
0.08% 0.00% 97.24% 38.20%
Cash & Equivalents
0.00% 0.00% 49.49% 99.24%
Municipal
0.00% 0.00% 4.66% 82.50%

Bond Geographic Breakdown

Weighting Return Low Return High NWXIX % Rank
US
76.82% -3.13% 129.21% 87.54%
Non US
16.83% 0.00% 97.33% 8.51%

NWXIX - Expenses

Operational Fees

NWXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.39% 0.04% 31.61% 25.38%
Management Fee 0.64% 0.00% 1.84% 73.03%
12b-1 Fee 0.25% 0.00% 1.00% 53.23%
Administrative Fee 0.25% 0.00% 0.50% 89.95%

Sales Fees

NWXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 2.25% 5.75% 99.02%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

NWXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

NWXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 1.00% 255.00% 67.34%

NWXIX - Distributions

Dividend Yield Analysis

NWXIX Category Low Category High NWXIX % Rank
Dividend Yield 20.93% 0.00% 29.34% 5.29%

Dividend Distribution Analysis

NWXIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Monthly Monthly Monthly

Net Income Ratio Analysis

NWXIX Category Low Category High NWXIX % Rank
Net Income Ratio 5.04% -2.39% 14.30% 19.94%

Capital Gain Distribution Analysis

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

Distributions History

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NWXIX - Fund Manager Analysis

Managers

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.

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.

Andrew Feltus


Start Date

Tenure

Tenure Rank

Dec 31, 2018

3.42

3.4%

ANDREW D. FELTUS, CFA MANAGING DIRECTOR CO-DIRECTOR OF HIGH YIELD, PORTFOLIO MANAGER Joined Amundi Pioneer: 1994 Investment Experience Since: 1991 Andrew Feltus is a Managing Director, Portfolio Manager, and Co-Director of the Amundi Pioneer High Yield team based in Boston. In addition to his role as a Portfolio Manager on U.S. high yield, global high yield, and multisector portfolios, Andrew co-leads 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 multisector fixed income strategies managed by the U.S. fixed income team. Andrew has been actively managing fixed income portfolios since 1994. He has extensive experience managing a wide range of debt securities globally, including emerging markets and foreign exchange. His experience includes analyzing and managing derivatives since 1992. Andrew joined Amundi Pioneer as a Fixed Income Analyst and became a Portfolio Manager in 2001. Prior to joining Amundi Pioneer, he worked on the bond desk at Massachusetts Financial Services. He holds a B.A. in quantitative economics and philosophy from Tufts University. He is a CFA® charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.13 8.17