About NWAOX
Nationwide BNY Mellon Dynamic U.S. Equity Income Fund is an open-end mutual fund that seeks total return through a combination of capital appreciation and income. It employs an actively managed relative-value strategy focused on U.S. equities, aiming to deliver a dividend yield exceeding that of the broad U.S. equity market while balancing sustainable high current income with dividend growth. The fund holds a high-conviction portfolio of 50-80 stocks selected via proprietary bottom-up research, emphasizing companies with strong fundamentals, attractive valuations relative to the market, sector, and historical levels, and the capacity to maintain or grow dividends. A key feature is its derivative overlay using S&P 500 Index and U.S. Treasury futures to implement modest leverage, designed to enhance returns in bull markets and reduce downside volatility. The value-oriented, research-driven, and risk-controlled approach incorporates rigorous portfolio construction to minimize unintended exposures and prioritize stock selection for consistent performance and downside protection. Managed by a team led by John C. Bailer, CFA, since 2019, the fund, founded in 2021 and located in Boston, MA, targets investors seeking income generation alongside equity exposure in dynamic market conditions.
Fund Family Nationwide
Category Large Value
Performance Rating High
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol NWAOX
Share Class Institutional Service Class
Index Russell 1000 Value TR
NWAOX had a total return of 22.12% in the past year, including dividends. Since the fund's
inception, the average annual return has been 13.57%.
