Law Offices
Stradley Ronon Stevens & Young, LLP
1250 Connecticut Avenue, NW, Suite 500
Washington, DC 20036
202.822.9611
Direct Dial - (202) 419-8416
1933 Act Rule 497(e)
1933 Act File No. 333-40455
1940 Act File No. 811-08495
December 5, 2012
VIA EDGAR
Filing Desk
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549
Re: | Nationwide Mutual Funds (the Registrant) SEC File Nos. 333-40455 and 811-08495 Rule 497(e) filing |
Ladies and Gentlemen:
Enclosed for filing pursuant to Rule 497(e) under the Securities Act of 1933, as amended, (the 1933 Act) are exhibits containing interactive data format risk/return summary information that reflects the risk/return summary information in the Prospectus dated July 6, 2012, and revised as of November 19, 2012, relating to the Nationwide Global Equity Fund and Nationwide High Yield Bond Fund, series of the Registrant, as filed pursuant to Rule 497(e) under the 1933 Act on November 19, 2012 (Accession Number: 0001193125-12-475674).
Please direct questions or comments relating to this filing to me at the above-referenced telephone number.
Very truly yours, |
/s/ Peter M. Hong |
Peter M. Hong |
Label | Element | Value | ||||||
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Risk/Return: | rr_RiskReturnAbstract | |||||||
Registrant Name | dei_EntityRegistrantName | NATIONWIDE MUTUAL FUNDS | ||||||
Prospectus Date | rr_ProspectusDate | Jul. 06, 2012 | ||||||
Nationwide Global Equity Fund
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Risk/Return: | rr_RiskReturnAbstract | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | FUND SUMMARY: NATIONWIDE GLOBAL EQUITY FUND | ||||||
Objective [Heading] | rr_ObjectiveHeading | Objective | ||||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The Fund seeks to maximize total return, consisting of capital appreciation and current income. | ||||||
Expense [Heading] | rr_ExpenseHeading | Fees and Expenses | ||||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses you may pay when buying and holding shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Nationwide Funds. More information about these and other discounts is available from your financial professional and in “Investing with Nationwide Funds” commencing on page 17 of this Prospectus and in “Additional Information on Purchases and Sales” commencing on page 61 of the Statement of Additional Information. | ||||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (paid directly from your investment) | ||||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||||
Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | February 28, 2014 | ||||||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover | ||||||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year of the predecessor fund (June 30, 2012), the portfolio turnover rate was 77% of the average value of its portfolio. See the section entitled “Performance” for more information about the predecessor fund. | ||||||
Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 77.00% | ||||||
Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Nationwide Funds. | ||||||
Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | 50,000 | ||||||
Other Expenses, New Fund, Based on Estimates [Text] | rr_OtherExpensesNewFundBasedOnEstimates | “Other Expenses” are based on estimated amounts for the current fiscal year. | ||||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Example | ||||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This Example is intended to help you to compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. It assumes a 5% return each year and no change in expenses. Although your actual costs may be higher or lower, based on these assumptions your costs would be: |
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Expense Example, No Redemption, By Year, Caption [Text] | rr_ExpenseExampleNoRedemptionByYearCaption | You would pay the following expenses on the same investment if you did not sell your shares: | ||||||
Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies | ||||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes, if any) in equity securities. Investments in equity securities may include, but are not limited to, dividend paying securities, common stock and preferred stock of U.S. and foreign issuers, although the Fund is not limited to purchasing dividend-paying securities only, and may invest in stocks that provide little to no dividend income, but which offer the potential for capital growth. The Fund purchases stocks of U.S. and foreign companies of any size, including small-cap and mid-cap companies and which are located in either developed countries or emerging market countries. The Fund may also invest in currency futures and forward foreign currency exchange contracts, which are derivatives, in order to hedge against international currency exposure. In addition, these derivatives may be used for investment (non-hedging) purposes to earn income, to enhance returns, to replace more traditional direct investments, to obtain exposure to certain markets, or to establish net short positions for individual currencies. The Fund’s subadviser, on behalf of the Fund, intends to diversify broadly among countries, but reserves the right to invest a substantial portion of the Fund’s assets in one or more countries if economic and business conditions warrant such investments. The Fund invests its assets in investments that are tied economically to a number of countries throughout the world, including the United States. In the global universe, the subadviser uses a disciplined price-to-intrinsic value approach that seeks to take advantage of pricing anomalies in markets. In selecting securities, the subadviser focuses on, among other things, identifying discrepancies between a security’s fundamental value and its market price. The Fund generally considers selling a security when it reaches a target price, fails to perform as expected, or when other opportunities appear more attractive. |
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Risk [Heading] | rr_RiskHeading | Principal Risks | ||||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | The Fund cannot guarantee that it will achieve its investment objective. As with any fund, the value of the Fund’s investments—and therefore, the value of Fund shares—may fluctuate. These changes may occur because of: Stock market risk – the Fund could lose value if the individual stocks in which it invests or overall stock markets in which such stocks trade go down. Foreign securities risk – foreign securities may be more volatile, harder to price and less liquid than U.S. securities. The prices of foreign securities may be further affected by other factors, such as changes in the exchange rates between the dollar and the currencies in which the securities are traded. Emerging markets risk – a magnification of the risks that apply to all foreign investments. These risks are greater for securities of companies in emerging market countries because the countries may have less stable governments, more volatile currencies and less established markets. Country risk – if the Fund emphasizes one or more countries, it may be more susceptible to the financial, market, political or economic events affecting the particular issuers and industries participating in such countries than funds that do not emphasize particular countries. Preferred stock risk – a preferred stock may decline in price, or fail to pay dividends when expected, because the issuer experiences a decline in its financial status. Preferred stocks often behave like debt securities, but have a lower payment priority than the issuer’s bonds or other debt securities. Therefore, they may be subject to greater credit risk than those of debt securities. Preferred stocks also may be significantly less liquid than many other securities, such as corporate debt or common stock. Smaller company risk – smaller companies are usually less stable in price and less liquid than are larger, more established companies. Smaller companies are more vulnerable than larger companies to adverse business and economic developments and may have more limited resources. Therefore, they generally involve greater risk. Derivatives risk – the Fund's investments in currency futures and forward foreign currency exchange contracts (collectively, "currency contracts") may involve a small investment relative to the amount of risk assumed. To the extent the Fund enters into these transactions, its success will depend on the subadviser's ability to predict market movements, and their use may have the opposite effect of that intended. Risks include potential loss due to the imposition of controls by a government on the exchange of foreign currencies, the loss of any premium paid to enter into the transaction, delivery failure, default by the other party, or inability to close out a position because the trading market becomes illiquid. Derivatives may involve leverage, which means that their use can significantly magnify the effect of price movements of the underlying currency or reference measures, disproportionately increasing the Fund's losses and reducing the Fund's opportunities for gains. Some derivatives have the potential for unlimited loss, including a loss that may be greater than the amount invested. Currency contracts may reduce the risk of loss from a change in the value of a currency, but they also limit any potential gains and do not protect against fluctuations in the value of the underlying stock. In addition to these risks, the Fund's portfolio managers may select securities that underperform the stock market, the Fund's benchmark or other mutual funds with similar investment objectives and strategies. If the value of the Fund's investments goes down, you may lose money. |
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Risk Lose Money [Text] | rr_RiskLoseMoney | If the value of the Fund's investments goes down, you may lose money. | ||||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Performance | ||||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The returns presented for the Fund reflect the performance of the UBS Global Equity Fund, a former series of The UBS Funds (the "Predecessor Fund"). The Fund has adopted the performance of the Predecessor Fund as the result of a reorganization in which the Fund acquired all of the assets, subject to the liabilities, of the Predecessor Fund. The Fund and the Predecessor Fund have substantially similar investment goals and strategies. The following bar chart and table can help you evaluate the Fund's potential risks. The bar chart shows how the Predecessor Fund's annual total returns have varied from year to year. These returns do not reflect the impact of sales charges. If the applicable sales charges were included, the annual total returns would be lower than those shown. The table compares the Predecessor Fund's average annual total returns to the returns of a broad-based securities index. Remember, however, that past performance (before and after taxes) is not necessarily indicative of how the Fund will perform in the future. Updated performance information is available at no cost by visiting www.nationwide.com/mutualfunds or by calling 800-848-0920. |
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Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | The bar chart shows how the Predecessor Fund's annual total returns have varied from year to year. | ||||||
Performance Availability Phone [Text] | rr_PerformanceAvailabilityPhone | 800-848-0920 | ||||||
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | www.nationwide.com/mutualfunds | ||||||
Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | Remember, however, that past performance (before and after taxes) is not necessarily indicative of how the Fund will perform in the future. | ||||||
Bar Chart [Heading] | rr_BarChartHeading | Annual Total Returns – Institutional Class Shares (Years Ended December 31,) |
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Bar Chart Does Not Reflect Sales Loads [Text] | rr_BarChartDoesNotReflectSalesLoads | These returns do not reflect the impact of sales charges. If the applicable sales charges were included, the annual total returns would be lower than those shown. | ||||||
Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock | Total return January 1 – September 30, 2012: 12.91% Best quarter during calendar years shown – 2Q 2009: 26.01% Worst quarter during calendar years shown – 4Q 2008: -22.99% |
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Performance Table Heading | rr_PerformanceTableHeading | Average Annual Total Returns For the Periods Ended December 31, 2011 |
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Performance Table Uses Highest Federal Rate | rr_PerformanceTableUsesHighestFederalRate | After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. | ||||||
Performance Table Not Relevant to Tax Deferred | rr_PerformanceTableNotRelevantToTaxDeferred | After-tax returns are not relevant to investors in tax-deferred arrangements, such as individual retirement accounts, 401(k) plans or certain other employer-sponsored retirement plans. | ||||||
Performance Table One Class of after Tax Shown [Text] | rr_PerformanceTableOneClassOfAfterTaxShown | After-tax returns are shown in the table for Institutional Class shares only and will vary for other classes. | ||||||
Performance Table Narrative | rr_PerformanceTableNarrativeTextBlock | After-tax returns are shown in the table for Institutional Class shares only and will vary for other classes. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Your actual after-tax return depends on your personal tax situation and may differ from what is shown here. After-tax returns are not relevant to investors in tax-deferred arrangements, such as individual retirement accounts, 401(k) plans or certain other employer-sponsored retirement plans. Institutional Service Class shares have not completed a year of performance as of the date of this Prospectus. Pre-inception historical performance for Institutional Service Class shares is based on the previous performance of Institutional Class shares. |
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Nationwide Global Equity Fund | Class A shares
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Risk/Return: | rr_RiskReturnAbstract | |||||||
Maximum Sales Charge (Load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 5.75% | ||||||
Maximum Deferred Sales Charge (Load) (as a percentage of offering or sale price, whichever is less) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||||||
Management Fees | rr_ManagementFeesOverAssets | 0.75% | ||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | ||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.41% | [1] | |||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 1.41% | ||||||
Fee Waiver/Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.11%) | [2] | |||||
Total Annual Fund Operating Expenses After Waivers/Reimbursements | rr_NetExpensesOverAssets | 1.30% | ||||||
1 Year | rr_ExpenseExampleYear01 | 700 | ||||||
3 Years | rr_ExpenseExampleYear03 | 985 | ||||||
1 Year | rr_AverageAnnualReturnYear01 | (17.17%) | ||||||
5 Years | rr_AverageAnnualReturnYear05 | (4.17%) | ||||||
10 Years | rr_AverageAnnualReturnYear10 | 2.32% | ||||||
Nationwide Global Equity Fund | Class C shares
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Risk/Return: | rr_RiskReturnAbstract | |||||||
Maximum Sales Charge (Load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||||
Maximum Deferred Sales Charge (Load) (as a percentage of offering or sale price, whichever is less) | rr_MaximumDeferredSalesChargeOverOfferingPrice | 1.00% | ||||||
Management Fees | rr_ManagementFeesOverAssets | 0.75% | ||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | ||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.31% | [1] | |||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 2.06% | ||||||
Fee Waiver/Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.11%) | [2] | |||||
Total Annual Fund Operating Expenses After Waivers/Reimbursements | rr_NetExpensesOverAssets | 1.95% | ||||||
1 Year | rr_ExpenseExampleYear01 | 298 | ||||||
3 Years | rr_ExpenseExampleYear03 | 635 | ||||||
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 198 | ||||||
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 635 | ||||||
1 Year | rr_AverageAnnualReturnYear01 | (13.61%) | [3] | |||||
5 Years | rr_AverageAnnualReturnYear05 | (3.76%) | [3] | |||||
10 Years | rr_AverageAnnualReturnYear10 | 2.15% | [3] | |||||
Nationwide Global Equity Fund | Institutional Class shares
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Risk/Return: | rr_RiskReturnAbstract | |||||||
Maximum Sales Charge (Load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||||
Maximum Deferred Sales Charge (Load) (as a percentage of offering or sale price, whichever is less) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||||||
Management Fees | rr_ManagementFeesOverAssets | 0.75% | ||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.31% | [1] | |||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 1.06% | ||||||
Fee Waiver/Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.11%) | [2] | |||||
Total Annual Fund Operating Expenses After Waivers/Reimbursements | rr_NetExpensesOverAssets | 0.95% | ||||||
1 Year | rr_ExpenseExampleYear01 | 97 | ||||||
3 Years | rr_ExpenseExampleYear03 | 326 | ||||||
2002 | rr_AnnualReturn2002 | (15.54%) | ||||||
2003 | rr_AnnualReturn2003 | 29.57% | ||||||
2004 | rr_AnnualReturn2004 | 14.26% | ||||||
2005 | rr_AnnualReturn2005 | 7.15% | ||||||
2006 | rr_AnnualReturn2006 | 17.76% | ||||||
2007 | rr_AnnualReturn2007 | 3.71% | ||||||
2008 | rr_AnnualReturn2008 | (40.69%) | ||||||
2009 | rr_AnnualReturn2009 | 45.37% | ||||||
2010 | rr_AnnualReturn2010 | 10.61% | ||||||
2011 | rr_AnnualReturn2011 | (11.84%) | ||||||
Year to Date Return, Label | rr_YearToDateReturnLabel | Total return | ||||||
Bar Chart, Year to Date Return, Date | rr_BarChartYearToDateReturnDate | Sep. 30, 2012 | ||||||
Bar Chart, Year to Date Return | rr_BarChartYearToDateReturn | 12.91% | ||||||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | Best quarter | ||||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Jun. 30, 2009 | ||||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 26.01% | ||||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | Worst quarter | ||||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Dec. 31, 2008 | ||||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (22.99%) | ||||||
1 Year | rr_AverageAnnualReturnYear01 | (11.84%) | ||||||
5 Years | rr_AverageAnnualReturnYear05 | (2.70%) | ||||||
10 Years | rr_AverageAnnualReturnYear10 | 3.24% | ||||||
Nationwide Global Equity Fund | Institutional Service Class shares
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Risk/Return: | rr_RiskReturnAbstract | |||||||
Maximum Sales Charge (Load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||||
Maximum Deferred Sales Charge (Load) (as a percentage of offering or sale price, whichever is less) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||||||
Management Fees | rr_ManagementFeesOverAssets | 0.75% | ||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.56% | [1] | |||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 1.31% | ||||||
Fee Waiver/Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.11%) | [2] | |||||
Total Annual Fund Operating Expenses After Waivers/Reimbursements | rr_NetExpensesOverAssets | 1.20% | ||||||
1 Year | rr_ExpenseExampleYear01 | 122 | ||||||
3 Years | rr_ExpenseExampleYear03 | 404 | ||||||
1 Year | rr_AverageAnnualReturnYear01 | (11.84%) | ||||||
5 Years | rr_AverageAnnualReturnYear05 | (2.70%) | ||||||
10 Years | rr_AverageAnnualReturnYear10 | 3.24% | ||||||
Nationwide Global Equity Fund | After Taxes on Distributions | Institutional Class shares
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Risk/Return: | rr_RiskReturnAbstract | |||||||
1 Year | rr_AverageAnnualReturnYear01 | (11.72%) | ||||||
5 Years | rr_AverageAnnualReturnYear05 | (3.22%) | ||||||
10 Years | rr_AverageAnnualReturnYear10 | 2.81% | ||||||
Nationwide Global Equity Fund | After Taxes on Distributions and Sales of Shares | Institutional Class shares
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Risk/Return: | rr_RiskReturnAbstract | |||||||
1 Year | rr_AverageAnnualReturnYear01 | (7.42%) | ||||||
5 Years | rr_AverageAnnualReturnYear05 | (2.46%) | ||||||
10 Years | rr_AverageAnnualReturnYear10 | 2.63% | ||||||
Nationwide Global Equity Fund | MSCI World Free Index (The Index does not pay sales charges, fees or expenses.)
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Risk/Return: | rr_RiskReturnAbstract | |||||||
1 Year | rr_AverageAnnualReturnYear01 | (5.54%) | ||||||
5 Years | rr_AverageAnnualReturnYear05 | (2.37%) | ||||||
10 Years | rr_AverageAnnualReturnYear10 | 3.62% | ||||||
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