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Name

As of 12/19/2024

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 Dynamic U.S. Core Fund

GGFRX | Fund

$13.81

$1.31 B

0.49%

$0.07

1.29%

Vitals

YTD Return

16.8%

1 yr return

17.4%

3 Yr Avg Return

7.5%

5 Yr Avg Return

11.3%

Net Assets

$1.31 B

Holdings in Top 10

35.8%

52 WEEK LOW AND HIGH

$14.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.29%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/19/2024

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 Dynamic U.S. Core Fund

GGFRX | Fund

$13.81

$1.31 B

0.49%

$0.07

1.29%

GGFRX - Profile

Distributions

  • YTD Total Return 16.8%
  • 3 Yr Annualized Total Return 7.5%
  • 5 Yr Annualized Total Return 11.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.06%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Nationwide BNY Mellon Dynamic U.S. Core Fund
  • Fund Family Name
    Nationwide Mutual Funds
  • Inception Date
    Oct 02, 2003
  • Shares Outstanding
    N/A
  • Share Class
    R
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Stavena

Fund Description

The Fund seeks to provide investors with long-term growth of capital by outperforming the S&P 500® Index over a full market cycle while maintaining a similar level of market risk as the index. To achieve this goal, the Fund’s subadviser seeks to identify and construct the most optimal portfolio that targets an equity-like level of volatility by allocating assets among equity securities, money market instruments, futures contracts the value of which are derived from the performance of equity indexes and U.S. Treasury bonds (which are government-issued fixed income securities), and options on equity index and bond futures contracts. Futures and options are derivatives and may expose the Fund to leverage. Investors in the Fund should have a long-term perspective and be able to tolerate potentially sharp declines in value.Equity securities that the Fund buys primarily are common stocks of companies that are included in the S&P 500 Index. With respect to the Fund's portion that invests directly in equity securities, the Fund generally invests in all 500 stocks in the S&P 500 Index in proportion to their weightings in the index. Money market instruments serve primarily as cover for the Fund’s derivatives positions, although the subadviser also at times allocates assets to money market instruments in order to hedge against equity market risk. Money market instruments are high-quality short-term debt securities issued by governments and corporations. The Fund obtains exposure to U.S. Treasury bonds by purchasing futures contracts on U.S. Treasury bonds included in the Bloomberg U.S. Long Treasury Index. The Fund also may purchase options on U.S. Treasury bond futures contracts. The Fund uses Treasury bond futures and options to hedge against equity market risks. It is possible, however, that the Fund will lose money on both its equity investments and its bond exposures at the same time. Under normal circumstances, the Fund invests at least 80% of its net assets in securities of U.S. issuers or derivatives the value of which are linked to securities of U.S. issuers.In determining what the subadviser believes to be the optimal allocation among equities, U.S. Treasury bonds and money market instruments, the subadviser uses estimates of future returns and volatility. When the subadviser believes that equity markets appear favorable, it uses leverage generated by futures and options to increase the Fund’s equity exposure. When equity markets appear to be unfavorable, the subadviser reduces the Fund’s equity exposure through the use of equity index futures and related options. It also may allocate assets to U.S. Treasury bond futures and related options and/or money market instruments. By combining equity securities, futures on stock indexes and U.S. Treasury bonds, call options and money market instruments in varying amounts, the subadviser adjusts the Fund’s overall equity exposure within a range of 50%–150% of the Fund’s net assets. The subadviser regularly reviews the Fund's investments and will consider selling an investment when the subadviser believes such investment is no longer attractive as a result of price appreciation or a change in risk profile, or because other available investments are considered to be more attractive.The Fund is designed for investors seeking growth of capital by investing in a portfolio of equity and debt securities, and derivatives with investment characteristics similar to equity and debt securities, in order to achieve enhanced equity returns while maintaining a level of volatility risk that is similar to the S&P 500 Index
Read More

GGFRX - Performance

Return Ranking - Trailing

Period GGFRX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.8% -7.7% 42.7% 49.00%
1 Yr 17.4% -7.3% 42.1% 39.68%
3 Yr 7.5%* -5.4% 21.4% 72.94%
5 Yr 11.3%* -2.1% 108.6% 57.19%
10 Yr 11.9%* 2.0% 52.4% 25.63%

* Annualized

Return Ranking - Calendar

Period GGFRX Return Category Return Low Category Return High Rank in Category (%)
2023 21.8% -42.6% 47.4% 34.91%
2022 -23.0% -56.3% -4.2% 65.94%
2021 19.3% -27.2% 537.8% 40.90%
2020 15.2% -22.5% 2181.7% 31.86%
2019 25.6% -13.5% 40.4% 35.59%

Total Return Ranking - Trailing

Period GGFRX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.8% -7.7% 42.7% 49.00%
1 Yr 17.4% -7.3% 42.1% 39.68%
3 Yr 7.5%* -5.4% 21.4% 72.94%
5 Yr 11.3%* -2.1% 108.6% 57.19%
10 Yr 11.9%* 2.0% 52.4% 25.63%

* Annualized

Total Return Ranking - Calendar

Period GGFRX Return Category Return Low Category Return High Rank in Category (%)
2023 23.0% -5.0% 47.4% 57.69%
2022 -22.5% -36.8% -2.2% 93.89%
2021 29.5% 3.0% 537.8% 14.20%
2020 18.4% -15.8% 2266.0% 35.13%
2019 36.6% -0.4% 241.3% 1.76%

NAV & Total Return History

GGFRX - Holdings

Concentration Analysis

GGFRX Category Low Category High GGFRX % Rank
Net Assets 1.31 B 2.34 M 1.84 T 52.81%
Number of Holdings 513 2 3963 10.68%
Net Assets in Top 10 493 M 880 K 525 B 50.50%
Weighting of Top 10 35.80% 0.3% 111.6% 50.96%

Top 10 Holdings

  1. U.S. Treasury Bills 6.83%
  2. Apple, Inc. 6.07%
  3. Microsoft Corp. 5.89%
  4. NVIDIA Corp. 5.45%
  5. Amazon.com, Inc. 3.24%
  6. Meta Platforms, Inc., Class A 1.97%
  7. Alphabet, Inc., Class A 1.91%
  8. Alphabet, Inc., Class C 1.60%
  9. Berkshire Hathaway, Inc., Class B 1.50%
  10. Broadcom, Inc. 1.33%

Asset Allocation

Weighting Return Low Return High GGFRX % Rank
Stocks 		87.88% 0.00% 105.79% 97.19%
Cash 		9.38% 0.00% 99.07% 1.57%
Other 		2.74% -13.91% 100.00% 4.39%
Preferred Stocks 		0.00% 0.00% 2.15% 13.49%
Convertible Bonds 		0.00% 0.00% 5.54% 8.72%
Bonds 		0.00% 0.00% 93.85% 15.40%

Stock Sector Breakdown

Weighting Return Low Return High GGFRX % Rank
Technology 		24.43% 0.00% 48.94% 49.33%
Healthcare 		14.47% 0.00% 52.29% 46.71%
Financial Services 		13.41% 0.00% 55.59% 50.34%
Consumer Cyclical 		10.74% 0.00% 30.33% 46.71%
Communication Services 		8.80% 0.00% 27.94% 40.13%
Industrials 		8.20% 0.00% 29.90% 72.51%
Consumer Defense 		6.90% 0.00% 47.71% 47.05%
Energy 		4.82% 0.00% 41.64% 30.27%
Utilities 		2.99% 0.00% 20.91% 25.46%
Real Estate 		2.77% 0.00% 31.91% 47.55%
Basic Materials 		2.47% 0.00% 25.70% 53.12%

Stock Geographic Breakdown

Weighting Return Low Return High GGFRX % Rank
US 		87.88% 0.00% 105.79% 92.96%
Non US 		0.00% 0.00% 63.83% 26.57%

GGFRX - Expenses

Operational Fees

GGFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.29% 0.01% 19.75% 20.92%
Management Fee 0.45% 0.00% 1.90% 41.10%
12b-1 Fee 0.50% 0.00% 1.00% 65.55%
Administrative Fee 0.25% 0.00% 0.85% 81.92%

Sales Fees

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

Trading Fees

GGFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

GGFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 268.00% 8.28%

GGFRX - Distributions

Dividend Yield Analysis

GGFRX Category Low Category High GGFRX % Rank
Dividend Yield 0.49% 0.00% 25.47% 67.22%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

GGFRX Category Low Category High GGFRX % Rank
Net Income Ratio 0.06% -54.00% 2.44% 82.40%

Capital Gain Distribution Analysis

GGFRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

GGFRX - Fund Manager Analysis

Managers

James Stavena

Start Date

Tenure

Tenure Rank

Jul 16, 2018

3.88

3.9%

James is a member of Newton’s asset allocation portfolio management team. Since joining in 1998, James has been the lead portfolio manager for the Dynamic US Equity (DUSE) strategy. In his current role, James also manages a team of portfolio managers responsible for the implementation of global multi-asset, custom rules-based, and options-based strategies. James is a key contributor to the development, refinement and risk management of all asset allocation investment strategies and signals. Drawing from his extensive experience, he focuses on the use of derivatives in quantitative investment strategies, as well as 1940 Act and UCITS III implementations of multi-asset strategies. James joined Newton in September 2021, following the integration of Mellon Investments Corporation’s equity and multi-asset capabilities into the Newton Investment Management Group. Before joining Newton, was a portfolio manager and senior portfolio manager at Mellon Investments Corporation and Mellon Capital (both BNY Mellon group companies). Earlier in his career, James was a currency options trader with both Credit Suisse First Boston and HSBC in New York and London, respectively. James has an MBA from Rice University.

Vassilis Dagioglu

Start Date

Tenure

Tenure Rank

Jul 16, 2018

3.88

3.9%

Vassilis is the head of portfolio management for multi-asset solutions. In his current role, he oversees the portfolio management team responsible for global multi-asset strategies including Dynamic Total Return, Dynamic Equity, Dynamic Growth, Active Commodities and SmartPath Target Date Funds. Vassilis and his team leverage their long experience in designing and implementing systematic multi-asset products and tailored solutions to help clients achieve a variety of investment objectives. Vassilis joined Newton in September 2021, following the integration of Mellon Investments Corporation’s equity and multi-asset capabilities into the Newton Investment Management Group. Before joining Newton, Vassilis was the head of portfolio management for multi-asset solutions, a senior portfolio manager and portfolio manager at Mellon Investments Corporation and Mellon Capital (both BNY Mellon group companies). Prior to joining BNY Mellon, Vassilis designed and implemented financial information systems and consulted on enterprise-information application development at IBM Global Services and Sybase. Vassilis has a BS in Computer Science from the University of Athens and an MBA in Finance from the University of California at Berkeley.

Dimitri Curtil

Start Date

Tenure

Tenure Rank

May 07, 2020

2.07

2.1%

Dimitri is Newton’s global head of multi-asset solutions. In addition to overseeing the team of portfolio managers and researchers responsible for the firm’s systematic multi-asset strategies, Dimitri also leads the development and enhancement of the research underpinning the firm’s multi-asset strategies. Dimitri’s specific areas of research include absolute return and total return strategies as well as risk parity, alternative risk premia and tail-risk hedging solutions. Dimitri joined Newton in September 2021, following the integration of Mellon Investments Corporation’s equity and multi-asset capabilities into the Newton Investment Management Group. Before joining Newton, Dimitri was chief investment officer and head of multi-asset strategies, head of asset allocation research, a senior research analyst and research analyst at Mellon Investments Corporation and Mellon Capital (both BNY Mellon group companies). Prior to joining BNY Mellon, he worked as a computational systems engineer at Lawrence Berkeley National Lab. Dimitri has an MS in Computer Science from Imperial College in London and an MSc in Mechanical Engineering from Zurich Federal Institute of Technology.

Torrey Zaches

Start Date

Tenure

Tenure Rank

May 07, 2020

2.07

2.1%

Torrey is a member of Newton’s asset allocation portfolio management team. In his current role, Torrey is responsible for overseeing a team of portfolio managers covering multi-asset strategies, with a focus on global total return and tail-risk hedging portfolios. Torrey is responsible for the implementation of these strategies, including strategy refinements, risk management and portfolio management efficiencies. Torrey joined Newton in September 2021, following the integration of Mellon Investments Corporation’s equity and multi-asset capabilities into the Newton Investment Management Group. Before joining Newton, Torrey was a portfolio manager and senior portfolio manager at Mellon Investments Corporation and Mellon Capitol (both BNY Mellon group companies). Prior to joining BNY Mellon, Torrey worked at Mercer Global Advisors providing global asset allocation investment solutions to small businesses and high net worth clients. Torrey has a BA in Economics from the University of California at Santa Barbara and an MBA from the University of Southern California. He received his CFA designation in 1997 and is a member of the CFA Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.29 2.42

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