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Name

As of 02/08/2024

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 Bailard Cognitive Value Fund

NWHEX | Fund

$13.16

$88.3 M

0.38%

$0.05

2.22%

Vitals

YTD Return

-3.9%

1 yr return

2.2%

3 Yr Avg Return

3.4%

5 Yr Avg Return

7.7%

Net Assets

$88.3 M

Holdings in Top 10

9.2%

52 WEEK LOW AND HIGH

$13.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.22%

SALES FEES

Front Load N/A

Deferred Load 1.00%

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 02/08/2024

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 Bailard Cognitive Value Fund

NWHEX | Fund

$13.16

$88.3 M

0.38%

$0.05

2.22%

NWHEX - Profile

Distributions

  • YTD Total Return -3.9%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return 7.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.33%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Nationwide Bailard Cognitive Value Fund
  • Fund Family Name
    Nationwide Mutual Funds
  • Inception Date
    Sep 16, 2013
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Thomas Mudge

Fund Description

The Fund will, under normal market conditions, invest its assets primarily in common stocks of small-cap value companies that are within a market capitalization range that is similar, although not identical, to the market capitalization range of those companies found in the Russell 2000® Value Index. Under normal market conditions, the Fund may invest up to 25% of the Fund’s net assets in common stocks of micro-cap companies whose market capitalization, measured at the time of purchase, is $300 million or less. There is no minimum market capitalization limit for the companies in which the Fund may invest. The Fund’s subadviser seeks to add value to the Fund’s portfolio through stock selection while maintaining a risk profile that is appropriate relative to the Russell 2000® Value Index. The subadviser uses both quantitative and qualitative techniques to identify stocks it believes are currently undervalued by the market but which still have good fundamentals.As part of the portfolio management of the Fund, the subadviser employs Behavioral Finance techniques in an attempt to capitalize on investors’ behavioral biases and cognitive errors that can result in securities being mispriced. Behavioral Finance is the study of why people do not always behave in an economically rational manner. Economic irrationality typically arises from investors maximizing personal benefit (not wealth), emotional investing, heuristic biases (e.g., “trial and error” or “rule of thumb” biases) and cognitive errors. The subadviser attempts to exploit investors’ biases and errors that it believes to be recurring and predictable, and to minimize its own susceptibility to these same biases and errors. In addition to evaluating traditional risk measures, the subadviser assesses the risk profiles of environmental, social and governance (“ESG”) factors on companies in which the Fund may invest. The subadviser’s assessment is based on a proprietary scoring matrix to rate each company in the investable universe based on its potential exposure to ESG risk factors. Companies that the subadviser perceives as having high levels of ESG risk and/or significant negative externalities associated with their products or services may be excluded from investment consideration. At times the subadviser emphasizes certain industries or sectors. The Fund may invest up to 25% of its net assets in U.S. dollar-denominated stocks of foreign companies.The Fund may also engage in active and frequent trading of portfolio securities.
Read More

NWHEX - Performance

Return Ranking - Trailing

Period NWHEX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.9% -10.2% 1.3% 78.02%
1 Yr 2.2% -11.8% 21.4% 58.02%
3 Yr 3.4%* -15.4% 68.4% 73.21%
5 Yr 7.7%* -3.6% 46.8% 60.55%
10 Yr 6.2%* -3.8% 26.1% 66.13%

* Annualized

Return Ranking - Calendar

Period NWHEX Return Category Return Low Category Return High Rank in Category (%)
2023 11.9% -18.4% 33.6% 49.02%
2022 -16.4% -36.7% 212.9% 46.43%
2021 27.7% -62.0% 147.6% 24.14%
2020 7.1% -24.8% 31.3% 22.35%
2019 19.4% -30.1% 34.0% 44.83%

Total Return Ranking - Trailing

Period NWHEX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.9% -10.2% 1.3% 78.02%
1 Yr 2.2% -11.8% 21.4% 58.02%
3 Yr 3.4%* -15.4% 68.4% 73.21%
5 Yr 7.7%* -3.6% 46.8% 60.55%
10 Yr 6.2%* -3.8% 26.1% 66.13%

* Annualized

Total Return Ranking - Calendar

Period NWHEX Return Category Return Low Category Return High Rank in Category (%)
2023 13.3% -15.5% 35.4% 68.93%
2022 -13.8% -36.7% 250.0% 74.55%
2021 34.5% -3.2% 157.9% 27.36%
2020 7.7% -13.5% 33.4% 26.12%
2019 19.9% -17.4% 34.3% 76.85%

NAV & Total Return History

NWHEX - Holdings

Concentration Analysis

NWHEX Category Low Category High NWHEX % Rank
Net Assets 88.3 M 2.53 M 46.3 B 79.61%
Number of Holdings 297 10 1583 19.09%
Net Assets in Top 10 7.77 M 217 K 2.8 B 88.29%
Weighting of Top 10 9.24% 0.3% 91.5% 93.26%

Top 10 Holdings

  1. Treasury Repurchase Agreement 1.53%
  2. DigitalBridge Group, Inc. 0.96%
  3. Liberty Energy, Inc., Class A 0.93%
  4. Kite Realty Group Trust 0.90%
  5. Veritiv Corp. 0.87%
  6. Genie Energy Ltd., Class B 0.87%
  7. Assured Guaranty Ltd. 0.83%
  8. Andersons, Inc. (The) 0.79%
  9. EMCOR Group, Inc. 0.79%
  10. Scorpio Tankers, Inc. 0.78%

Asset Allocation

Weighting Return Low Return High NWHEX % Rank
Stocks 		98.78% 0.00% 105.89% 37.09%
Other 		1.53% -1.61% 33.69% 11.06%
Preferred Stocks 		0.00% 0.00% 2.78% 71.80%
Convertible Bonds 		0.00% 0.00% 2.63% 70.55%
Cash 		0.00% 0.00% 99.02% 98.26%
Bonds 		0.00% 0.00% 81.30% 70.93%

Stock Sector Breakdown

Weighting Return Low Return High NWHEX % Rank
Financial Services 		22.56% 0.00% 35.71% 56.98%
Industrials 		15.99% 0.65% 48.61% 59.65%
Real Estate 		12.83% 0.00% 44.41% 11.53%
Energy 		11.90% 0.00% 29.42% 12.86%
Technology 		7.52% 0.00% 34.03% 68.74%
Consumer Cyclical 		7.30% 0.00% 51.62% 89.80%
Healthcare 		6.72% 0.00% 25.76% 42.13%
Utilities 		4.84% 0.00% 13.86% 21.06%
Basic Materials 		4.16% 0.00% 67.30% 67.41%
Consumer Defense 		3.76% 0.00% 13.22% 51.66%
Communication Services 		2.42% 0.00% 24.90% 53.44%

Stock Geographic Breakdown

Weighting Return Low Return High NWHEX % Rank
US 		98.78% 0.00% 105.89% 29.07%
Non US 		0.00% 0.00% 63.99% 77.01%

NWHEX - Expenses

Operational Fees

NWHEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.22% 0.05% 37.04% 8.89%
Management Fee 0.75% 0.00% 1.50% 45.65%
12b-1 Fee 1.00% 0.00% 1.00% 94.80%
Administrative Fee 0.05% 0.01% 0.35% 20.28%

Sales Fees

NWHEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 72.00%

Trading Fees

NWHEX 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.

NWHEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 7.00% 252.00% 97.70%

NWHEX - Distributions

Dividend Yield Analysis

NWHEX Category Low Category High NWHEX % Rank
Dividend Yield 0.38% 0.00% 8.20% 72.23%

Dividend Distribution Analysis

NWHEX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

NWHEX Category Low Category High NWHEX % Rank
Net Income Ratio -0.33% -1.43% 4.13% 88.25%

Capital Gain Distribution Analysis

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

Distributions History

View More +

NWHEX - Fund Manager Analysis

Managers

Thomas Mudge

Start Date

Tenure

Tenure Rank

Dec 31, 2006

15.42

15.4%

Thomas J. Mudge heads Bailard’s equity research and serves as the lead portfolio manager of the Bailard small value equity strategy. He joined the firm in 1987. Prior to joining Bailard, Biehl & Kaiser in 1987, Tom worked in the telecommunications industry. He earned his BA at Northern Michigan University in 1985 and the designation of Chartered Financial Analyst in 1994. He has also completed Harvard University's John F. Kennedy School of Government's certificate program in "Investment Decisions and Behavioral Finance."

Blaine Townsend

Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

Mr. Townsend is Senior Vice President and Director of Bailard’s Sustainable, Responsible and Impact Investing group. He joined the Bailard in 2016. Prior to joining Bailard he was a partner and a senior portfolio manager at Nelson Capital Management, which he joined in 2009.

Osman Akgun

Start Date

Tenure

Tenure Rank

Mar 01, 2021

1.25

1.3%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 37.45 8.16 3.58

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