Nationwide Emerging Markets Debt Fund

Data updated: 2022-09-19

C000161338 — Nationwide Emerging Markets Debt Fund. Bond · $63.28M AUM · 0.90% expense ratio. Holdings, fees, performance and SEC filings.

C000161338 Fund Overview

Nationwide Emerging Markets Debt Fund is a US mutual fund managed by Nationwide Mutual Funds, categorised as Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

  • Type: US mutual fund
  • Manager: Nationwide Mutual Funds
  • Category: Bond
  • Assets under management: $63.28M
  • 1-year return: -20.2%
  • SEC CIK: 0001048702
  • SEC series ID: S000051205
  • Share class ID: C000161338

C000161338 Investment Objective and Strategy

Nationwide Emerging Markets Debt Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Nationwide Mutual Funds.

Investment objective

The Nationwide Emerging Markets Debt Fund seeks total return.

Principal investment strategy

The Fund invests, under normal circumstances, at least 80% of its net assets in debt and other fixed-income securities issued by governments of emerging market countries and corporations headquartered in or which derive at least 50% of their revenues from operations or sales in emerging market countries. Emerging market countries include certain countries located in Latin America, Asia, Africa, the Middle East, and developing countries of Europe, primarily Eastern Europe. The Fund normally invests in issuers located in at least three emerging market countries. The issuers of the securities in which the Fund invests may include either governmental entities (e.g., sovereign bonds) or corporations. These securities may pay interest on either a fixed-rate or a variable-rate basis. The debt securities in which the Fund may invest may range in maturity from short- to long-term and, at any given time, the Funds portfolio is likely to include bonds with a variety of maturities.

Although many of the debt securities in which the Fund may invest are investment grade, the Fund may invest without limit in high-yield bonds (i.e., junk bonds). The Funds subadviser seeks to generate investment returns from sovereign debt securities predominately through country selection. In employing this top-down investment approach, the subadviser evaluates macroeconomic factors such as domestic demand dynamics, monetary and fiscal policy, and local and national politics, against global drivers such as commodity prices, global liquidity conditions and global growth/export demand. Selection of corporate debt securities begins with more of a bottom-up process, based on a combination of the subadvisers fundamental and quantitative analyses, but within the context of the countrys macroeconomic considerations.

Based on fundamental, relative value and structural/technical analyses, the subadviser next seeks to exploit opportunities that may be generated when its assessment of a countrys or issuers fundamentals is inconsistent with the markets expectations. The Fund may engage in active and frequent trading of portfolio securities. Many emerging market debt securities are denominated in currencies that are well-established internationally, such as the U.S. dollar, euro or yen, although other emerging market debt securities are denominated in the local currency of its issuer. The Fund may invest in securities that are denominated either in a well-established currency or in local currency, although the Fund does not invest more than 65% of its net assets, at the time of purchase, in securities denominated in local currencies.

The Fund is classified as a non-diversified fund under the Investment Company Act of 1940, which means that a relatively high percentage of the Funds assets may be invested in a limited number of issuers. The Funds subadviser may use derivatives, such as currency futures and forward foreign currency contracts, to hedge against international currency exposure or to take currency positions unrelated to securities held by the Fund. The subadviser also may use such instruments, as well as interest rate swaps, total return swaps and credit default swaps, either to hedge against investment risks, to manage portfolio duration, to obtain exposure to the investment characteristics of certain bonds or groups of bonds, or otherwise to increase returns.

C000161338 Performance

Total returns for C000161338 (as of 2026-10-01), from SEC filings.

PeriodTotal return
1 year-20.2%
3 years (annualised)-5.7%

C000161338 Risk Information

Risk metrics for C000161338, derived from monthly returns in SEC filings.

  • 1-year volatility (annualised): 8.0%

C000161338 Costs and Fees

C000161338 costs about $90 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 0.90%
  • Gross expense ratio: 1.04%
  • Portfolio turnover: 56%
  • Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000161338 Cashflows

Over the 12 months to 2022-07, Nationwide Emerging Markets Debt Fund had net inflows of $5.74M, from monthly SEC N-PORT filings.

MonthNet flow
2022-07−$77
2022-06−$3.55K
2022-05−$520.58K
2022-04−$634.00K
2022-03$3.54M
2022-02$5.41M

C000161338 Debt Constituents

No individual debt constituents are reported in Nationwide Emerging Markets Debt Fund's latest SEC N-PORT filing.

C000161338 Prospectus and SEC Filings

Official Nationwide Emerging Markets Debt Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Bond funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.