About NWXHX
The Nationwide Strategic Income Fund Institutional Service Class is a multisector bond mutual fund designed to deliver a high level of current income. This fund takes a flexible, unconstrained approach by allocating capital across a broad spectrum of fixed-income securities, with minimal restrictions regarding credit quality, geographic region, maturity, or sector. Such flexibility allows the fund to adapt quickly to changing market conditions, aiming to optimize income opportunities within global debt markets.
Notable for its active management strategy, the fund incorporates a diverse set of holdings, including corporate bonds, securitized products, and derivative instruments, and may employ hedging strategies for added risk management. With a history of strong performance and above-average risk compared to its peers, it has consistently achieved recognition within its category, earning a five-star rating from Morningstar for certain timeframes.
Widely used by institutions and sophisticated investors, this fund can serve as either a stand-alone income strategy or as a complement to traditional core bond portfolios, contributing diversification and potential for enhanced yield in fixed income allocations.
Fund Family Nationwide
Category Multisector Bond
Performance Rating High
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol NWXHX
Share Class Institutional Service Class
Index Bloomberg U.S. Aggregate Bond TR
NWXHX had a total return of 3.88% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.80%.
