Nationwide Funds - Fund information

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Year-end returns*

Average Annual Returns of Class A.

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. To obtain the most recent monthly and quarterly performance for each fund, visit the pricing and performance page.

TARGET DESTINATION FUNDS

Life

2005

2006

2007

Nationwide Destination 2010 Fund ^{1, 3, 4, 8, 9}

NWDAX, inception 08/29/2007

at NAV

2.82%

—

w/sales charge

-3.23%

—

Gross Expense Ratio: 1.32%†
Net Expense Ratio: 1.15%†

Nationwide Destination 2015 Fund ^{1, 3, 4, 8, 9}

NWEAX, inception 08/29/2007

at NAV

2.72%

—

w/sales charge

-3.33%

—

Gross Expense Ratio: 1.33%†
Net Expense Ratio: 1.16%†

Nationwide Destination 2020 Fund ^{1, 3, 4, 8, 9}

NWAFX, inception 08/29/2007

at NAV

2.76%

—

w/sales charge

-3.29%

—

Gross Expense Ratio: 1.32%†
Net Expense Ratio: 1.15%†

Nationwide Destination 2025 Fund ^{1, 3, 4, 8, 9}

NWHAX, inception 08/29/2007

at NAV

2.58%

—

w/sales charge

-3.46%

—

Gross Expense Ratio: 1.33%†
Net Expense Ratio: 1.16%†

Nationwide Destination 2030 Fund ^{1, 3, 4, 8, 9}

NWIAX, inception 08/29/2007

at NAV

2.61%

—

w/sales charge

-3.43%

—

Gross Expense Ratio: 1.34%†
Net Expense Ratio: 1.17%†

Nationwide Destination 2035 Fund ^{1, 3, 4, 8, 9}

NWLAX, inception 08/29/2007

at NAV

2.29%

—

w/sales charge

-3.73%

—

Gross Expense Ratio: 1.35%†
Net Expense Ratio: 1.18%†

Nationwide Destination 2040 Fund ^{1, 3, 4, 8, 9}

NWMAX, inception 08/29/2007

at NAV

2.09%

—

w/sales charge

-3.92%

—

Gross Expense Ratio: 1.34%†
Net Expense Ratio: 1.17%†

Nationwide Destination 2045 Fund ^{1, 3, 4, 8, 9}

NWNAX, inception 08/29/2007

at NAV

2.24%

—

w/sales charge

-3.78%

—

Gross Expense Ratio: 1.34%†
Net Expense Ratio: 1.17%†

Nationwide Destination 2050 Fund ^{1, 3, 4, 8, 9}

NWOAX, inception 08/29/2007

at NAV

2.41%

—

w/sales charge

-3.62%

—

Gross Expense Ratio: 1.35%†
Net Expense Ratio: 1.18%†

Nationwide Retirement Income Fund ^{1, 3, 4, 7, 8, 9}

NWRAX, inception 08/29/2007

at NAV

3.28%

—

w/sales charge

-2.80%

—

Gross Expense Ratio: 1.35%†
Net Expense Ratio: 1.18%†

EQUITY FUNDS

Life

2005

2006

2007

Nationwide Fund

NWFAX, inception 05/08/1998

at NAV

10.09%

7.08%

13.61%

7.65%

w/sales charge

10.00%

0.91%

7.06%

1.45%

Gross Expense Ratio: 0.97%†

Nationwide Growth Fund

NMFAX, inception 05/08/1998

at NAV

7.42%

6.11%

6.00%

19.28%

w/sales charge

7.28%

0.05%

-0.13%

12.46%

Gross Expense Ratio: 1.12%†

Nationwide International Value Fund ^{3, 7}

NWVAX, inception 12/21/2007

at NAV

-0.80%

—

w/sales charge

-0.80%

—

Gross Expense Ratio: 1.50%†
Net Expense Ratio: 1.40%†

Nationwide Large Cap Value Fund ¹¹

NPVAX, inception 11/02/1998

at NAV

6.63%

7.67%

21.04%

-2.51%

w/sales charge

5.95%

1.47%

14.11%

-8.13%

Gross Expense Ratio: 1.42%†

Nationwide Micro Cap Equity Fund (closed to new investment) ⁴

GMEAX, inception 06/27/2002

at NAV

17.96%

-0.14%

13.91%

-5.35%

w/sales charge

16.70%

-5.86%

7.34%

-10.79%

Gross Expense Ratio: 1.77%†

Nationwide Mid Cap Growth Fund (closed to new investment) ⁷

GMCAX, inception 03/05/2003

at NAV

15.10%

9.10%

9.53%

8.71%

w/sales charge

13.81%

2.79%

3.21%

2.47%

Gross Expense Ratio: 1.96%†
Net Expense Ratio: 1.41%†

Nationwide U.S. Small Cap Value Fund ^{4, 7, 10}

NWUAX, inception 12/21/2007

at NAV

-2.00%

—

w/sales charge

-2.00%

—

Gross Expense Ratio: 1.60%†
Net Expense Ratio: 1.49%†

Nationwide Value Opportunities Fund ^{4, 7}

GVOAX, inception 12/29/1999

at NAV

9.88%

7.89%

17.84%

-7.64%

w/sales charge

9.07%

1.71%

11.10%

-12.97%

Gross Expense Ratio: 1.64%†
Net Expense Ratio: 1.38%†

INVESTOR DESTINATION FUNDS

Life

2005

2006

2007

Nationwide Investor Destinations Aggressive Fund ^{3, 4, 5}

NDAAX, inception 03/30/2000

at NAV

3.63%

7.89%

17.03%

6.14%

w/sales charge

2.84%

1.67%

10.29%

0.01%

Gross Expense Ratio: 0.75%†

Nationwide Investor Destinations Moderately Aggressive Fund ^{3, 4, 5}

NDMAX, inception 03/30/2000

at NAV

3.99%

7.15%

14.56%

6.33%

w/sales charge

3.20%

1.00%

8.00%

0.19%

Gross Expense Ratio: 0.73%†

Nationwide Investor Destinations Moderate Fund ^{3, 4, 5}

NADMX, inception 03/30/2000

at NAV

4.13%

5.50%

11.50%

5.73%

w/sales charge

3.34%

-0.54%

5.04%

-0.34%

Gross Expense Ratio: 0.73%†

Nationwide Investor Destinations Moderately Conservative Fund ^{3, 4, 5}

NADCX, inception 03/30/2000

at NAV

4.26%

4.52%

8.55%

5.98%

w/sales charge

3.47%

-1.49%

2.31%

-0.10%

Gross Expense Ratio: 0.76%†

Nationwide Investor Destinations Conservative Fund ^{3, 4, 5}

NDCAX, inception 03/30/2000

at NAV

4.16%

3.27%

6.26%

5.52%

w/sales charge

3.37%

-2.65%

0.13%

-0.57%

Gross Expense Ratio: 0.77%†

FIXED-INCOME FUNDS

Life

2005

2006

2007

Nationwide Bond Fund

NBDAX, inception 05/08/1998

at NAV

7.87%

2.84%

4.23%

5.76%

w/sales charge

7.70%

-2.00%

-0.25%

1.30%

Gross Expense Ratio: 1.07%†

Nationwide Enhanced Income Fund ⁷

NMEAX, inception 12/29/1999

at NAV

2.76%

2.17%

4.31%

4.83%

w/sales charge

2.47%

-1.71%

1.61%

2.14%

Gross Expense Ratio: 0.81%†
Net Expense Ratio: 0.75%†

Nationwide Government Bond Fund ⁶

NUSAX, inception 05/08/1998

at NAV

6.00%

2.47%

3.45%

7.54%

w/sales charge

5.71%

-2.36%

-0.92%

2.98%

Gross Expense Ratio: 1.10%†

Nationwide Short Duration Bond Fund ^{6, 7}

MCAPX, inception 07/16/2003

at NAV

3.99%

1.53%

3.96%

5.68%

w/sales charge

3.64%

-1.54%

1.59%

3.28%

Gross Expense Ratio: 0.80%†
Net Expense Ratio: 0.70%†

INDEX FUNDS

Life

2005

2006

2007

Nationwide Bond Index Fund ⁷

GBIAX, inception 12/29/1999

at NAV

5.96%

1.87%

3.75%

6.31%

w/sales charge

5.38%

-3.95%

-2.21%

0.18%

Gross Expense Ratio: 0.76%†
Net Expense Ratio: 0.72%†

Nationwide International Index Fund ^{3, 7}

GIIAX, inception 12/29/1999

at NAV

4.43%

13.52%

25.63%

10.16%

w/sales charge

3.66%

6.97%

18.44%

3.82%

Gross Expense Ratio: 0.81%†
Net Expense Ratio: 0.79%†

Nationwide Mid Cap Market Index Fund ⁷

GMXAX, inception 12/29/1999

at NAV

9.19%

11.82%

9.57%

7.24%

w/sales charge

8.38%

5.39%

3.28%

1.05%

Gross Expense Ratio: 0.76%†
Net Expense Ratio: 0.74%†

Nationwide S&P 500 Index Fund (Local Fund Shares closed to new investment) ⁷

GRMAX, inception 12/30/1999

at NAV

3.88%

4.40%

15.33%

4.92%

w/sales charge

3.23%

-1.57%

8.69%

-1.08%

Gross Expense Ratio: 0.51%†
Net Expense Ratio: 0.49%†

Nationwide Small Cap Index Fund ⁷

GMRAX, inception 12/29/1999

at NAV

8.40%

4.34%

17.20%

-2.42%

w/sales charge

7.80%

-1.65%

10.43%

-8.04%

Gross Expense Ratio: 0.74%†
Net Expense Ratio: 0.71%†

†As of October 31, 2007. Performance fees apply to some Funds, which will increase or decrease expenses. For the Nationwide Investor Destinations Funds, expenses also include underlying fund expenses. The difference between gross and net operating expenses reflects voluntary waivers in place through May 1, 2009 for all classes of the Nationwide Short Duration Bond Fund. For all classes of all other Nationwide Mutual Funds, the difference between gross and net operating expenses reflects contractual waivers in place through May 1, 2009. Please see the most recent prospectus for each Fund for details.

‡Since the Fund did not commence operations until August 29, 2007, expenses are based on the Fund's projected net assets for the current fiscal year ending October 31, 2008. Expenses will differ, depending on how the Fund allocates assets among the underlying funds. The difference between gross and net operating expenses reflects contractual waivers in place through May 1, 2009.

**Since the Fund did not commence operations until December 21, 2007, expenses are based on the Fund's projected net assets for the current fiscal year ending October 31, 2008. The difference between gross and net operating expenses reflects contractual expense waivers in place through May 1, 2009.

# Since the Fund did not commence operations until February 28, 2008, expenses are based on the Fund's projected net assets for the current fiscal year ending October 31, 2008. The difference between gross and net operating expenses reflects contractual expense waivers in place through May 1, 2009.

1. Funds that concentrate on specific sectors, such as commodities or REITs, or a relatively small number of securities are subject to greater volatility than a more diversified investment. The risks of investing in this Fund are more fully detailed within the Fund's prospectus.

2. The Fund may purchase securities in initial public offerings and/or derivatives, which are very volatile and carry high transaction costs. The risks of investing in this Fund are more fully detailed within the Fund's prospectus.

3. International investing involves additional risks, including currency fluctuations, differences in accounting standards, economic and political instability, illiquidity and higher trading costs, and differences in foreign regulations, all of which are magnified in emerging markets. The risks of investing in this Fund are more fully detailed within the Fund's prospectus.

4. Small-company stocks have higher risks than the stocks of larger, more established companies and have significant short-term price volatility. The risks of investing in this Fund are more fully detailed within the Fund's prospectus.

5. The Nationwide Investor Destinations Funds are designed to provide diversification and asset allocation across several types of investments and asset classes, primarily by investing in underlying funds. Therefore, in addition to the expenses of the Nationwide Investor Destinations Funds, you are indirectly paying a proportionate share of the applicable fees and expenses of the underlying funds. There is no assurance that a diversified portfolio will produce better results than a nondiversified portfolio. The risks of investing in this Fund are more fully detailed within the Fund's prospectus.

6. While the Fund invests primarily in securities of the U.S. government and its agencies, the Fund's value is not guaranteed by these entities. The risks of investing in this Fund are more fully detailed within the Fund's prospectus.

7. Total returns reflect a waiver of part of the Fund's fees for certain periods since inception, without which returns would have been lower.

8. The Nationwide Target Destination Funds are designed to provide diversification and asset allocation across several types of investments and asset classes, primarily by investing in underlying funds. Therefore, in addition to the expenses of the Nationwide Target Destination Funds, investors are indirectly paying a proportionate share of the applicable fees and expenses of the underlying funds. There is no assurance that a diversified portfolio will produce better results than a nondiversified portfolio. Investors should consider a Fund's (and each of its underlying Fund's) investment objectives, risks, fees, charges and expenses before investing money.

9. High-yield funds typically are subject to greater risk and price volatility than funds that invest in higher-rated debt securities.

10. A portfolio that targets its investments to companies of different sizes within a broad small-capitalization range may fail to produce the returns and/or diversification benefits of the overall U.S. small capitalization market. The risks of investing in this Fund are more fully detailed within the Fund's prospectus.

For the following funds, returns prior to the creation of Class A shares are based on the stated share class and inception date. Returns have been restated for sales charges but not for Class A shares' fees. Had Class A existed for the given period, returns would have been lower due to its added expense.

Nationwide Growth Fund - Class D - 2-14-61
Nationwide Mid Cap Growth Fund - Institutional - 10-1-02
Nationwide Fund - Class D - 5-11-33
Nationwide Bond Fund - Class D - 3-01-80
Nationwide Government Bond Fund - Class D - 2-10-92
Nationwide Bond Index Fund - Series - 4-3-97
Nationwide Small Cap Index Fund - Series - 4-9-97
Nationwide S&P 500 Index Fund - Local Fund Shares - 7-24-98