Nationwide BNY Mellon Dynamic U.S. Equity Income Fund Class A (NWALX)
| Fund Assets | 624.76M |
| Expense Ratio | 1.10% |
| Min. Investment | $2,000 |
| Turnover | 77.00% |
| Dividend (ttm) | 5.49 |
| Dividend Yield | 14.39% |
| Dividend Growth | 313.95% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 9, 2025 |
| Previous Close | 35.96 |
| YTD Return | 9.35% |
| 1-Year Return | 17.51% |
| 5-Year Return | 132.87% |
| 52-Week Low | 30.49 |
| 52-Week High | 41.33 |
| Beta (5Y) | 0.88 |
| Holdings | 75 |
| Inception Date | Dec 16, 2019 |
About NWALX
The Nationwide BNY Mellon Dynamic U.S. Equity Income Fund Class A is a large value mutual fund designed to provide sustainable high current income and consistent dividend growth while seeking not to sacrifice value. Managed through a high-conviction, excess-return-driven approach, the fund typically holds between 50 and 80 U.S. equities, aiming for both income generation and capital appreciation. It employs a unique dividend-oriented strategy and utilizes a derivative overlay that seeks to enhance returns by modestly leveraging exposure through S&P 500 and bond futures. The fund invests at least 80% of its net assets in equity securities of U.S. issuers, primarily common stocks, and maintains a diversified portfolio spanning major sectors of the U.S. market. It has demonstrated strong risk-adjusted performance and is recognized for its relatively high dividend yield, paying distributions quarterly. The fund plays a significant role in providing investors with a blend of income and growth within the equity segment of the market, serving individual and retirement-focused portfolios seeking reliable income streams alongside long-term growth potential.
Performance
NWALX had a total return of 17.51% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.81%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FVLCX | Fidelity | Fidelity Advisor Value Leaders Fund - Class C | 1.90% |
| FSLVX | Fidelity | Fidelity Stock Selector Large Cap Value Fund | 0.83% |
| SWLVX | Schwab | Schwab ® U.S. Large-Cap Value Index Fund | 0.03% |
| FVLIX | Fidelity | Fidelity Advisor Value Leaders Fund - Class I | 0.90% |
| FSCZX | Fidelity | Fidelity Advisor Stock Selector Large Cap Value Fund - Class Z | 0.72% |
Top 10 Holdings
71.59% of assets| Name | Symbol | Weight |
|---|---|---|
| US Treasury Bond Future Sept 25 | n/a | 11.29% |
| Call On E-mini S&P 500 Futures Jun25 | n/a | 10.81% |
| Call On E-mini S&P 500 Futures Aug25 | n/a | 10.43% |
| Call On E-mini S&P 500 Futures Jul25 | n/a | 10.33% |
| E-mini Russell 2000 Index Future June 25 | n/a | 8.20% |
| CASH | n/a | 5.04% |
| United States Treasury Bills 0% | B.0 08.07.25 | 4.45% |
| JPMorgan Chase & Co. | JPM | 4.01% |
| Berkshire Hathaway Inc. | BRK.B | 3.68% |
| Bank of America Corporation | BAC | 3.35% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 9, 2025 | $0.13895 | Jun 10, 2025 |
| Mar 10, 2025 | $0.05293 | Mar 11, 2025 |
| Dec 19, 2024 | $5.16311 | Dec 20, 2024 |
| Sep 9, 2024 | $0.13514 | Sep 10, 2024 |
| Jun 10, 2024 | $0.1587 | Jun 11, 2024 |
| Mar 11, 2024 | $0.06704 | Mar 12, 2024 |