Continue to site >
Trending ETFs
You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Name

As of 10/04/2024

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 BNY Mellon Core Plus Bond ESG Fund

NWCPX | Fund

$9.13

$569 M

3.93%

$0.36

0.86%

Vitals

YTD Return

4.2%

1 yr return

13.4%

3 Yr Avg Return

-1.2%

5 Yr Avg Return

0.7%

Net Assets

$569 M

Holdings in Top 10

17.1%

52 WEEK LOW AND HIGH

$9.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.86%

SALES FEES

Front Load 4.25%

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 10/04/2024

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 BNY Mellon Core Plus Bond ESG Fund

NWCPX | Fund

$9.13

$569 M

3.93%

$0.36

0.86%

NWCPX - Profile

Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.69%
DIVIDENDS
  • Dividend Yield 3.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nationwide BNY Mellon Core Plus Bond ESG Fund
  • Fund Family Name
    Nationwide Mutual Funds
  • Inception Date
    Apr 24, 2013
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James DiChiaro

Fund Description

The Fund is designed to provide a diversified portfolio of different types of fixed-income securities. In contrast to a typical core bond strategy, however, the Fund also invests a portion of its assets in fixed-income securities that carry higher risks, but which potentially offer higher investment rewards. The fixed-income securities in which the Fund invests include U.S. and foreign corporate bonds, U.S. government securities, bonds issued by foreign governments, corporate loans, asset-backed securities and mortgage-backed securities. 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 20% of its net assets in emerging market securities. Some foreign securities may be denominated in currencies other than the U.S. dollar.The Fund invests in mortgage-backed securities. Mortgage-backed securities include either pass-through securities issued by U.S. government agencies, such as Ginnie Mae, Fannie Mae or Freddie Mac, or collateralized mortgage obligations issued either by U.S. government agencies or by private issuers. The Fund may purchase many U.S. agency pass-through securities on a when-issued (also known as “to-be-announced”) basis, and it may also purchase or sell such securities for delayed delivery. When entering into such a transaction, the Fund buys or sells securities with payment and delivery scheduled to take place in the future.The Fund normally invests primarily in fixed-income securities that are rated, at the time of purchase, investment grade or the unrated equivalent as determined by the Fund’s subadviser. The Fund may, however, invest up to 25% of its net assets at the time of purchase, in high-yield bonds (i.e., “junk bonds”). Under normal circumstances, the Fund invests at least 80% of its net assets in fixed-income securities. Securities in which the Fund invests pay interest on either a fixed-rate or variable-rate basis.The Fund seeks to achieve its objective by investing in securities offering the highest level of total return while simultaneously managing investment risk. The Fund’s portfolio can be expected to have an average effective duration ranging between three and eight years, although the Fund’s subadviser may lengthen or shorten the Fund’s portfolio duration outside this range depending on its evaluation of market conditions. Duration is an indication of an investment’s “interest rate risk,” or how sensitive an investment may be to changes in interest rates. Bonds with longer durations have higher risk and volatility.In constructing the Fund’s portfolio, the subadviser relies primarily on proprietary, internally-generated credit research, focusing on both industry/sector analysis and detailed individual security selection. The subadviser seeks to identify investment opportunities based on the relative value of securities. The subadviser analyzes individual issuer credit risk based on factors such as management and depth of experience, competitive advantage, market and product position and overall financial strength.In addition to considering financial information, the subadviser also evaluates corporate and sovereign issuers based on environmental, social and governance (“ESG”) factors. The subadviser views ESG factors as among the important drivers of investment value, and believes that integrating ESG factors in research and engaging with issuers to improve ESG standards helps in managing portfolio risk. An issuer’s performance across certain ESG criteria is summarized in a proprietary ESG rating, which is calculated and assigned by the subadviser on the basis of proprietary research and/or data obtained from various ESG data providers. The subadviser’s ESG rating for each issuer is derived from multiple factors, which include, but are not limited to:•Environmental considerations, such as carbon emissions, climate change, biodiversity and environmental benefits;•Social considerations, such as human rights, diversity and inclusion, labor standards and consumer protection; and•Governance considerations, such as board structure, succession planning, ownership structure, internal controls and transparency.For any particular issuer, the subadviser evaluates the ESG factors that it considers to be the most relevant to the issuer’s industry. The subadviser assigns different weights to key ESG factors according to their relevance to the industry group. For example, carbon emissions are a key environmental factor for automobile manufacturing, while labor management and standards are key social considerations for the retail sector. Consumer protection is a key social factor, and internal controls are a key governance factor, for software and service firms. The overall ESG rating is designed to indicate an issuer’s performance relative to its peers. As a result, the subadviser is able to identify companies which are best-in-class within a sector, even if they are in an industry group potentially exposed to more negative ESG outcomes. ESG scores range from 1 (best) to 5 (worst). Under normal circumstances, the Fund invests at least 80% of its net assets in securities of issuers with an ESG rating of 1, 2, or 3 at the time of investment.Additionally, the subadviser may purchase impact bonds of issuers with any ESG rating where, in the opinion of the subadviser, the proceeds of the impact bond will be used to achieve an environmental, social, or governance goal and improve the issuer’s overall ESG rating. Typically, the subadviser seeks to invest at least 5% of the Fund’s net assets in impact bonds. Impact bonds are debt securities issued by corporations, governments and agencies in which the proceeds from the securities issued are directed towards projects that aim to achieve environmental, social or labor objectives. Examples include but are not limited to developing renewable energy infrastructure, improving energy efficiency of existing assets, and building social housing units.The Fund’s subadviser seeks value and may sell a security in anticipation of market declines or credit downgrades or to take advantage of more favorable opportunities. The Fund may engage in active and frequent trading of portfolio securities.
Read More

NWCPX - Performance

Return Ranking - Trailing

Period NWCPX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -2.4% 11.7% 37.04%
1 Yr 13.4% -6.9% 24.6% 16.12%
3 Yr -1.2%* -9.8% 28.4% 24.12%
5 Yr 0.7%* -7.3% 58.8% 27.90%
10 Yr 1.9%* -2.6% 74.1% 26.39%

* Annualized

Return Ranking - Calendar

Period NWCPX Return Category Return Low Category Return High Rank in Category (%)
2023 2.8% -16.2% 8.1% 16.21%
2022 -15.8% -34.7% 131.9% 44.39%
2021 -3.3% -11.6% 4.4% 47.70%
2020 3.8% -10.1% 946.1% 53.74%
2019 6.3% -1.7% 16.9% 23.64%

Total Return Ranking - Trailing

Period NWCPX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -2.4% 11.7% 37.04%
1 Yr 13.4% -6.9% 24.6% 16.12%
3 Yr -1.2%* -9.8% 28.4% 24.12%
5 Yr 0.7%* -7.3% 58.8% 27.90%
10 Yr 1.9%* -2.6% 74.1% 26.39%

* Annualized

Total Return Ranking - Calendar

Period NWCPX Return Category Return Low Category Return High Rank in Category (%)
2023 7.0% -11.3% 11.9% 19.08%
2022 -13.6% -32.2% 131.9% 49.42%
2021 -0.4% -9.4% 9.2% 30.70%
2020 8.5% -1.9% 1009.0% 45.69%
2019 9.4% 1.1% 21668.0% 34.99%

NAV & Total Return History

NWCPX - Holdings

Concentration Analysis

NWCPX Category Low Category High NWCPX % Rank
Net Assets 569 M 2.9 M 314 B 65.61%
Number of Holdings 355 1 17787 75.05%
Net Assets in Top 10 97.7 M 1.62 M 36.1 B 72.09%
Weighting of Top 10 17.12% 4.4% 432.9% 72.79%

Top 10 Holdings

  1. U.S. Treasury Bonds 2.73%
  2. U.S. Treasury Notes 2.71%
  3. Verizon Communications, Inc. 1.90%
  4. U.S. Treasury Notes 1.88%
  5. U.S. Treasury Notes 1.74%
  6. U.S. Treasury Notes 1.42%
  7. U.S. Treasury Notes 1.30%
  8. UMBS 1.19%
  9. Truist Financial Corp. 1.15%
  10. Ford Motor Co. 1.11%

Asset Allocation

Weighting Return Low Return High NWCPX % Rank
Bonds 		92.94% 0.00% 993.61% 63.88%
Other 		7.90% -16.55% 52.94% 30.98%
Convertible Bonds 		1.45% 0.00% 7.93% 50.26%
Preferred Stocks 		0.42% 0.00% 71.02% 12.47%
Stocks 		0.00% 0.00% 99.99% 90.71%
Cash 		0.00% -54.51% 237.69% 98.67%

Bond Sector Breakdown

Weighting Return Low Return High NWCPX % Rank
Corporate 		44.94% 0.00% 100.00% 16.79%
Government 		25.91% 0.00% 86.23% 47.27%
Securitized 		21.40% 0.00% 98.40% 78.89%
Municipal 		1.53% 0.00% 100.00% 17.51%
Derivative 		0.57% -1.41% 44.82% 13.60%
Cash & Equivalents 		0.00% -0.46% 237.69% 98.88%

Bond Geographic Breakdown

Weighting Return Low Return High NWCPX % Rank
US 		90.69% 0.00% 993.61% 63.60%
Non US 		2.25% 0.00% 35.41% 19.02%

NWCPX - Expenses

Operational Fees

NWCPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.86% 0.01% 39.64% 35.66%
Management Fee 0.45% 0.00% 1.76% 82.95%
12b-1 Fee 0.25% 0.00% 1.00% 58.46%
Administrative Fee 0.08% 0.01% 0.50% 50.00%

Sales Fees

NWCPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 2.00% 5.75% 28.89%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

NWCPX 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.

NWCPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 493.39% 46.73%

NWCPX - Distributions

Dividend Yield Analysis

NWCPX Category Low Category High NWCPX % Rank
Dividend Yield 3.93% 0.00% 10.11% 49.59%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

NWCPX Category Low Category High NWCPX % Rank
Net Income Ratio 1.69% -1.28% 4.79% 52.16%

Capital Gain Distribution Analysis

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

Distributions History

View More +

NWCPX - Fund Manager Analysis

Managers

James DiChiaro

Start Date

Tenure

Tenure Rank

Feb 02, 2022

0.32

0.3%

James joined Insight's Fixed Income Group in 1999 (via predecessor company, Cutwater Asset Management) and has worked in the financial services industry since 1998. As a senior portfolio manager, James’s responsibilities include managing the firm’s core, core plus, select income, and high yield strategies. James also has an extensive history in managing long duration taxable and tax-exempt strategies as well as money market portfolios. James holds a BS degree from Fordham University and an MBA from Pace University.

Gautam Khanna

Start Date

Tenure

Tenure Rank

Feb 02, 2022

0.32

0.3%

Gautam joined Insight's Fixed Income Group as a senior portfolio manager in 2003. Gautam leads the management of Insight's flagship US core, core plus and high yield strategies. Prior to Cutwater, Gautam was a member of the high yield team at Times Square Capital Management, where he focused on credit management for CBOs as well as high yield total return accounts. Gautam is a member of the New York Society of Security Analysts. He holds a BS (Hons) from the Rochester Institute of Technology and an MBA degree (with distinction) from Cornell University. He is also a CFA charterholder and is a Certified Public Accountant (CPA).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.78 1.16

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.