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        <name>Lam Research Corp.</name>
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        <name>Valero Energy Corp.</name>
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        <name>NVIDIA Corp.</name>
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        <name>Amazon.com, Inc.</name>
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        <name>Essex Property Trust, Inc.</name>
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        <title>Essex Property Trust, Inc.</title>
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        <name>Phillips 66</name>
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        <name>Everest Group Ltd.</name>
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        <name>Apple, Inc.</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>Apple, Inc.</title>
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          <isin value="US0378331005"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GE HealthCare Technologies, Inc.</name>
        <lei>549300OI9J7XOWZMUN85</lei>
        <title>GE HealthCare Technologies, Inc.</title>
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          <isin value="US36266G1076"/>
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        <balance>53635.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="2020415NWS"/>
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        <balance>802.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JPMorgan Chase Bank</counterpartyName>
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                <issuerName>Hanover Insurance Group, Inc. (The)</issuerName>
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                  <cusip value="410867105"/>
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            <swapFlag>Y</swapFlag>
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            <unrealizedAppr>304.76000000</unrealizedAppr>
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      <invstOrSec>
        <name>Southwest Airlines Co.</name>
        <lei>UDTZ87G0STFETI6HGH41</lei>
        <title>Southwest Airlines Co.</title>
        <cusip>844741108</cusip>
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          <isin value="US8447411088"/>
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        <balance>76077.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Dropbox, Inc.</name>
        <lei>549300JCDF7UAR6TJR51</lei>
        <title>Dropbox, Inc., Class A</title>
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          <isin value="US26210C1045"/>
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        <balance>40804.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1039685.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="BMD6Y84NWS"/>
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        <balance>-97050.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>275622.00000000</valUSD>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>JPMorgan Chase Bank</counterpartyName>
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                <issuerName>Rocket Cos., Inc., Class A</issuerName>
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        <name>Camden Property Trust</name>
        <lei>5493002MYX22OHYJBD89</lei>
        <title>Camden Property Trust</title>
        <cusip>133131102</cusip>
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          <isin value="US1331311027"/>
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        <balance>31174.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3399524.70000000</valUSD>
        <pctVal>0.924246193790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>ETRS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BZ6VT82NWS"/>
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        <balance>-4855.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-70883.00000000</valUSD>
        <pctVal>-0.01927132429</pctVal>
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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JPMorgan Chase Bank</counterpartyName>
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                <issuerName>Charter Communications, Inc., Class A</issuerName>
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                  <cusip value="16119P108"/>
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            <terminationDt>2027-02-26</terminationDt>
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            <unrealizedAppr>-70883.00000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>ETRS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BMP8TL6NWS"/>
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        <balance>-15862.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-9437.89000000</valUSD>
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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>JPMorgan Chase Bank</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
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                <issuerName>CareTrust REIT, Inc.</issuerName>
                <issueTitle>CareTrust REIT, Inc.</issueTitle>
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                  <cusip value="14174T107"/>
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            <swapFlag>Y</swapFlag>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Zscaler, Inc.</name>
        <lei>529900MZ0RTK1BWRNF46</lei>
        <title>Zscaler, Inc.</title>
        <cusip>98980G102</cusip>
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          <isin value="US98980G1022"/>
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        <balance>7773.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1554677.73000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>ETRS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BMCRLL0NWS"/>
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        <balance>-124515.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70973.55000000</valUSD>
        <pctVal>0.019295942590</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>JPMorgan Chase Bank</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
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                <issuerName>Joby Aviation, Inc.</issuerName>
                <issueTitle>Joby Aviation, Inc.</issueTitle>
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                  <cusip value="G65163100"/>
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        <name>Ally Financial, Inc.</name>
        <lei>549300JBN1OSM8YNAI90</lei>
        <title>Ally Financial, Inc.</title>
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          <isin value="US02005N1000"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Las Vegas Sands Corp.</name>
        <lei>549300DUOO1KXOHPM605</lei>
        <title>Las Vegas Sands Corp.</title>
        <cusip>517834107</cusip>
        <identifiers>
          <isin value="US5178341070"/>
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        <balance>65994.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3479863.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="2120490NWS"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>HF Sinclair Corp.</name>
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        <name>VeriSign, Inc.</name>
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        <name>Smithfield Foods, Inc.</name>
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        <name>Amkor Technology, Inc.</name>
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        <name>ROBLOX Corp.</name>
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        <name>Lyft, Inc.</name>
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        <name>CNA Financial Corp.</name>
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        <name>Celanese Corp.</name>
        <lei>549300FHJQTDPPN41627</lei>
        <title>Celanese Corp., Class A</title>
        <cusip>150870103</cusip>
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        <name>Ryder System, Inc.</name>
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        <name>Williams-Sonoma, Inc.</name>
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        <name>Clorox Co. (The)</name>
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      <invstOrSec>
        <name>Otis Worldwide Corp.</name>
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        <title>Otis Worldwide Corp.</title>
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        <name>Broadcom, Inc.</name>
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        <name>McKesson Corp.</name>
        <lei>549300WZWOM80UCFSF54</lei>
        <title>McKesson Corp.</title>
        <cusip>58155Q103</cusip>
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          <isin value="US58155Q1031"/>
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        <name>Meta Platforms, Inc.</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
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        <name>Five Below, Inc.</name>
        <lei>529900AAXP5Z6BGI7418</lei>
        <title>Five Below, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>N/A</name>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Tyson Foods, Inc.</name>
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        <name>Edwards Lifesciences Corp.</name>
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        <name>Vistra Corp.</name>
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        <name>Primoris Services Corp.</name>
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        <name>Westlake Corp.</name>
        <lei>GOXNEVUM0LL78B1OS344</lei>
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        <name>West Pharmaceutical Services, Inc.</name>
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        <name>ServiceNow, Inc.</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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        <name>Millrose Properties, Inc.</name>
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        <name>Lear Corp.</name>
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        <name>Domino's Pizza, Inc.</name>
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        <name>Nutanix, Inc.</name>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <name>Coupang, Inc.</name>
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        <name>Masco Corp.</name>
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        <title>Masco Corp.</title>
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        <name>State Street Corp.</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>State Street Corp.</title>
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        <name>Northern Trust Corp.</name>
        <lei>549300GLF98S992BC502</lei>
        <title>Northern Trust Corp.</title>
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        <name>Argan, Inc.</name>
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        <name>Reinsurance Group of America, Inc.</name>
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        <name>Booking Holdings, Inc.</name>
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        <name>O'Reilly Automotive, Inc.</name>
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        <name>Incyte Corp.</name>
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        <name>Crown Holdings, Inc.</name>
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        <name>Albemarle Corp.</name>
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        <name>EMCOR Group, Inc.</name>
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        <name>Align Technology, Inc.</name>
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        <name>Roku, Inc.</name>
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        <name>N/A</name>
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        <name>Snap, Inc.</name>
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        <name>FTI Consulting, Inc.</name>
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        <title>FTI Consulting, Inc.</title>
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        <name>A O Smith Corp.</name>
        <lei>549300XG4US7UJNECY36</lei>
        <title>A O Smith Corp.</title>
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        <name>Best Buy Co., Inc.</name>
        <lei>HL5XPTVRV0O8TUN5LL90</lei>
        <title>Best Buy Co., Inc.</title>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Albemarle Corp.</issuerName>
                <issueTitle>Albemarle Corp.</issueTitle>
                <identifiers>
                  <cusip value="012653101"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="N/A" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="0" resetDt="Month" resetDtUnit="0"/>
              </rtResetTenors>
            </floatingRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="USOBFR" floatingRtSpread="0.30000000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Month" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2027-02-26</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>244001.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-14400.10000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>ETRS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BLN7M97NWS"/>
        </identifiers>
        <balance>-11657.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-5711.93000000</valUSD>
        <pctVal>-0.00155293166</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Blackstone Secured Lending Fund</issuerName>
                <issueTitle>Blackstone Secured Lending Fund</issueTitle>
                <identifiers>
                  <cusip value="09261X102"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="USOBFR" floatingRtSpread="-0.25000000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Month" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="N/A" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="0" resetDt="Month" resetDtUnit="0"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2026-06-30</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>308095.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-5711.93000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-03-02</ncom:dateSigned>
      <ncom:nameOfApplicant>Nationwide Mutual Funds</ncom:nameOfApplicant>
      <ncom:signature>David Majewski</ncom:signature>
      <ncom:signerName>David Majewski</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
