Statement of Investments January 31, 2016 (Unaudited)

Transcription

1 Statement of Investments Nationwide Global Equity Fund Common Stocks 94.3% AUSTRALIA 1.3% Commercial Services & Supplies 1.3% Brambles Ltd. 86,728 $ 692,816 CHINA 0.0% Chemicals 0.0% Tianhe Chemicals Group Ltd. * (a)(b) 2,702,000 16,252 DENMARK 1.1% Marine 1.1% AP Moeller - Maersk A/S, Class B ,006 FRANCE 1.4% Electrical Equipment 1.4% Schneider Electric SE 14, ,266 GERMANY 2.1% Software 2.1% SAP SE 14,066 1,120,848 ISRAEL 4.3% Semiconductors & Semiconductor Equipment 2.3% Mellanox Technologies Ltd. * 27,900 1,268,055 Software 2.0% Check Point Software Technologies Ltd. * (c) 13,400 1,056,054 2,324,109 ITALY 1.2% Banks 1.2% Intesa Sanpaolo SpA 220, ,589 Diversified Financial Services 0.0% Banca Mediolanum SpA ,616 JAPAN 10.9% Automobiles 1.7% Toyota Motor Corp. 15, ,489 Banks 1.5% Sumitomo Mitsui Financial Group, Inc. 23, ,102 Chemicals 0.6% Shin-Etsu Chemical Co., Ltd. 5, ,350 Household Durables 1.0% Panasonic Corp. 55, ,398 Machinery 2.4% Hino Motors Ltd. 47, ,311 Makita Corp. 6, ,492 THK Co., Ltd. 27, ,414 1,352,217 Personal Products 1.2% Kao Corp. 11, ,251 Wireless Telecommunication Services 2.5% KDDI Corp. 53,300 1,349,695 5,864,502 NETHERLANDS 2.7% Chemicals 1.3% Koninklijke DSM NV 14, ,161 Semiconductors & Semiconductor Equipment 1.4% NXP Semiconductors NV * 10, ,492 1,468,653 NORWAY 4.0% Diversified Telecommunication Services 1.3% Telenor ASA 42, ,521 NORWAY (continued) Metals & Mining 1.0% Norsk Hydro ASA 167,350 $ 556,342 Oil, Gas & Consumable Fuels 1.7% Statoil ASA 65, ,570 2,146,433 SPAIN 3.5% Banks 2.4% Banco Bilbao Vizcaya Argentaria SA 100, ,709 Banco Santander SA 144, ,651 1,266,360 Media 1.1% Mediaset Espana Comunicacion SA 62, ,123 1,878,483 SWEDEN 1.0% Banks 1.0% Nordea Bank AB 52, ,872 SWITZERLAND 2.9% Insurance 1.2% Zurich Insurance Group AG * 2, ,510 Pharmaceuticals 1.7% Novartis AG REG 12, ,753 1,577,263 TAIWAN 2.2% Semiconductors & Semiconductor Equipment 2.2% Taiwan Semiconductor Manufacturing Co., Ltd., ADR 53,800 1,202,430 UNITED KINGDOM 11.7% Household Durables 2.0% Berkeley Group Holdings PLC 21,335 1,078,625 Household Products 1.3% Reckitt Benckiser Group PLC 8, ,755 Insurance 1.4% Aviva PLC 110, ,748 Machinery 1.4% Weir Group PLC (The) 62, ,326 Multiline Retail 2.2% Next PLC 11,772 1,166,800 Personal Products 2.5% Unilever NV, CVA 30,189 1,337,256 Trading Companies & Distributors 0.9% Ashtead Group PLC 35, ,302 6,297,812 UNITED STATES 44.0% Airlines 0.9% Southwest Airlines Co. 12, ,433 Auto Components 0.8% BorgWarner, Inc. 14, ,359 Automobiles 1.0% Ford Motor Co. 45, ,727 Banks 5.8% Citigroup, Inc. 18, ,095 PNC Financial Services Group, Inc. (The) 13,299 1,152,359 U.S. Bancorp 28,086 1,125,126 3,070,580 The Statement of Investments should be read in conjunction with the financial statements and notes to financial statements which are included in the Fund s audited 1

2 UNITED STATES (continued) Biotechnology 2.4% Alnylam Pharmaceuticals, Inc. * 6,129 $ 422,533 Chimerix, Inc. * 29, ,879 Lexicon Pharmaceuticals, Inc. * (c) 44, ,830 Regulus Therapeutics, Inc. * (c) 36, ,999 1,314,241 Capital s 1.6% T. Rowe Price Group, Inc. 12, ,283 Chemicals 2.3% LyondellBasell Industries NV, Class A 4, ,002 Praxair, Inc. 8, ,200 1,212,202 Communications Equipment 1.4% Arista Networks, Inc. * 12, ,621 Consumer Finance 0.9% American Express Co. 8, ,870 Containers & Packaging 0.9% WestRock Co. 14, ,669 Electronic Equipment, Instruments & Components 1.0% Dolby Laboratories, Inc., Class A 15, ,925 Food & Staples Retailing 2.5% Costco Wholesale Corp. 8,897 1,344,515 Health Care Equipment & Supplies 0.5% HeartWare International, Inc. * 6, ,667 Health Care Providers & Services 2.7% Envision Healthcare Holdings, Inc. * 13, ,239 UnitedHealth Group, Inc. 10,105 1,163,692 1,457,931 Household Durables 1.5% Whirlpool Corp. 5, ,510 Household Products 2.5% Procter & Gamble Co. (The) 16,609 1,356,789 Insurance 1.7% MetLife, Inc. 19, ,892 Internet & Catalog Retail 0.9% Amazon.com, Inc. * ,275 Life Sciences Tools & Services 1.0% Bio-Rad Laboratories, Inc., Class A * 4, ,804 Media 1.6% Walt Disney Co. (The) 8, ,030 Multiline Retail 1.0% Nordstrom, Inc. (c) 11, ,445 Oil, Gas & Consumable Fuels 3.4% Hess Corp. 19, ,718 PDC Energy, Inc. * (c) 17,632 1,002,731 1,823,449 Pharmaceuticals 1.9% Medicines Co. (The) * 15, ,916 Zoetis, Inc. 11, ,601 1,027,517 Real Estate Investment Trusts (REITs) 3.2% Digital Realty Trust, Inc. 12, ,960 Simon Property Group, Inc. 4, ,376 1,743,336 UNITED STATES (continued) Semiconductors & Semiconductor Equipment 0.6% Micron Technology, Inc. * 28,502 $ 314,377 23,620,447 Total Common Stocks (cost $56,480,724) 50,746,808 Mutual Fund 0.5% Money Fund 0.5% Fidelity Institutional Money Fund - Institutional Class, 0.37% (d)(e) 260, ,000 Total Mutual Fund (cost $260,000) 260,000 Repurchase Agreement 5.2% Principal Amount BNP Paribas Securities Corp., 0.34%, dated 01/29/16, due 02/01/16, repurchase price $2,783,808, collateralized by a U.S. Treasury Note, 2.00%, maturing 09/30/20; total market value $2,839,404.(e) $ 2,783,730 2,783,730 Total Repurchase Agreement (cost $2,783,730) 2,783,730 Total Investments (cost $59,524,454) (f) 100.0% 53,790,538 Other assets in excess of liabilities 0.0% 10,914 NET ASSETS 100.0% $ 53,801,452 * Denotes a non-income producing security. (a) Fair valued security. (b) Rule 144A, Section 4(2), or other security which is restricted as to sale to institutional investors. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees. The aggregate value of these securities at January 31, 2016 was $16,252 which represents 0.03% of net assets. (c) The security or a portion of this security is on loan at January 31, The total value of securities on loan at January 31, 2016 was $3,061,246. (d) Represents 7-day effective yield as of January 31, (e) Security was purchased with cash collateral held from securities on loan. The total value of securities purchased with cash collateral as of January 31, 2016 was $3,043,730. (f) At January 31, 2016, the tax basis cost of the Fund's investments was $59,572,880, tax unrealized appreciation and depreciation were $864,204 and $(6,646,546), respectively. Amount rounds to less than 0.1%.P 2

3 AB ADR AG A/S ASA CVA Ltd. NV PLC REG REIT SA SE SpA Stock Company American Depositary Receipt Stock Corporation Minimum Capital Public Traded Company Stock Corporation Dutch Certificate Limited Public Traded Company Public Limited Company Registered Real Estate Investment Trust Stock Company European Public Limited Liability Company Limited Share Company At January 31, 2016, the Fund's open forward foreign currency contracts against the United States Dollar were as follows: Delivery Date Delivered Contract Unrealized Appreciation/ (Depreciation) Counterparty Short Contracts: Australian Dollar JPMorgan Chase Bank 03/02/16 (450,000) $ (323,006) $ (318,063) $ 4,943 Brazilian Real Morgan Stanley Co., Inc. 03/02/16 (990,000) (259,720) (245,454) 14,266 British Pound JPMorgan Chase Bank 03/02/16 (2,000,000) (3,060,791) (2,849,894) 210,897 Canadian Dollar JPMorgan Chase Bank 03/02/16 (1,530,000) (1,116,241) (1,092,155) 24,086 Chinese Yuan Goldman Sachs International 03/02/16 (11,050,000) (1,704,721) (1,676,422) 28,299 Danish Krone JPMorgan Chase Bank 03/02/16 (1,930,000) (277,634) (280,367) (2,733) Euro JPMorgan Chase Bank 03/02/16 (20,000) (22,042) (21,680) 362 Indonesian Rupiah Goldman Sachs International 03/02/16 (4,595,300,000) (327,767) (331,817) (4,050) Israeli New Shekel JPMorgan Chase Bank 03/02/16 (2,320,000) (599,315) (586,149) 13,166 Japanese Yen JPMorgan Chase Bank 03/02/16 (111,500,000) (910,458) (921,451) (10,993) Korean Won Goldman Sachs International 03/02/16 (973,000,000) (839,807) (810,987) 28,820 Mexican Peso JPMorgan Chase Bank 03/02/16 (10,770,000) (616,943) (592,643) 24,300 Norwegian Krone JPMorgan Chase Bank 03/02/16 (1,520,000) (174,686) (175,032) (346) Russian Ruble Goldman Sachs International 03/02/16 (10,327,460) (154,603) (135,773) 18,830 Singapore Dollar JPMorgan Chase Bank 03/02/16 (780,000) (550,518) (547,232) 3,286 South African Rand JPMorgan Chase Bank 03/02/16 (16,160,000) (1,137,535) (1,011,890) 125,645 Swedish Krona JPMorgan Chase Bank 03/02/16 (7,960,000) (941,158) (928,090) 13,068 Swiss Franc JPMorgan Chase Bank 03/02/16 (1,875,000) (1,858,738) (1,832,400) 26,338 Taiwan Dollar Goldman Sachs International 03/02/16 (15,600,000) (479,484) (467,969) 11,515 Total Short Contracts $ (15,355,167) $ (14,825,468) $ 529,699 Delivery Date Received Contract Unrealized Appreciation/ (Depreciation) Counterparty Long Contracts: Australian Dollar JPMorgan Chase Bank 03/02/16 450,000 $ 323,014 $ 318,063 $ (4,951) Brazilian Real Credit Suisse International 03/02/16 990, , ,454 (4,420) British Pound JPMorgan Chase Bank 03/02/16 2,000,000 3,043,087 2,849,896 (193,191) Canadian Dollar JPMorgan Chase Bank 03/02/16 1,530,000 1,151,099 1,092,155 (58,944) Chinese Yuan JPMorgan Chase Bank 03/02/16 11,050,000 1,681,759 1,676,421 (5,338) Danish Krone JPMorgan Chase Bank 03/02/16 1,930, , ,367 (4,983) Indonesian Rupiah JPMorgan Chase Bank 03/02/16 4,595,299, , ,817 12,699 Israeli New Shekel JPMorgan Chase Bank 03/02/16 2,320, , ,148 (18,043) Japanese Yen JPMorgan Chase Bank 03/02/16 111,880, , ,593 (2,244) Korean Won JPMorgan Chase Bank 03/02/16 973,000, , ,987 (8,589) Mexican Peso JPMorgan Chase Bank 03/02/16 10,770, , ,643 (52,284) Norwegian Krone JPMorgan Chase Bank 03/02/16 1,520, , ,032 (1,379) Russian Ruble JPMorgan Chase Bank 03/02/16 10,327, , ,773 (8,829) Singapore Dollar JPMorgan Chase Bank 03/02/16 780, , ,232 (4,059) South African Rand JPMorgan Chase Bank 03/02/16 16,160, ,947 1,011,892 17,945 Swedish Krona JPMorgan Chase Bank 03/02/16 7,960, , ,090 8,670 Swiss Franc JPMorgan Chase Bank 03/02/16 1,214,153 1,238,780 1,186,567 (52,213) Swiss Franc JPMorgan Chase Bank 03/02/16 660, , , Taiwan Dollar JPMorgan Chase Bank 03/02/16 15,600, , ,968 (6,629) Total Long Contracts $ 15,192,880 $ 14,806,931 $ (385,949) 3

4 At January 31, 2016, the Fund's open forward foreign cross currency contracts were as follows: Counterparty Delivery Date Received Delivered Contract Unrealized Appreciation/ (Depreciation) JPMorgan Chase Bank 03/02/16 78,385,671 Japanese Yen (585,000) Euro $ 634,149 $ 647,790 $ 13,641 Morgan Stanley Co., Inc. 03/02/16 605,000 Euro (78,765,737) Japanese Yen 650, ,829 4,898 $ 1,285,080 $ 1,303,619 $ 18,539 4

5 In accordance with the authoritative guidance on fair value measurements and disclosures under accounting principles generally accepted in the United States of America, Nationwide Mutual Funds' (the Trust ) investment adviser to the Fund, Nationwide Fund Advisors ( NFA ), assigns a fair value to Fund investments in accordance with a hierarchy that prioritizes the various types of inputs used to measure fair value. The hierarchy gives the highest priority to readily available unadjusted quoted prices in active markets for identical assets (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements) when market prices are not readily available or reliable. The three levels of the hierarchy are summarized below. Level 1 Quoted prices in active markets for identical assets Level 2 Other significant observable inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 Significant unobservable inputs (including the Fund s own assumptions in determining the fair value of investments) Changes in valuation techniques may result in transfers into or out of an investment s assigned level within the hierarchy. An investment s categorization within the hierarchy is based on the lowest level of any input that is significant to the fair valuation in its entirety. The inputs or methodology used to value investments are not intended to indicate the risk associated with investing in those investments. The Trust s Board of Trustees (the Board of Trustees ) has delegated authority to NFA, and the Trust s administrator, Nationwide Fund Management LLC ( NFM ), to assign a fair value under certain circumstances (e.g., independent pricing service does not provide a price as there may be no market-based quotations or a price provided is deemed unreliable by NFA, NFM and/or designee), pursuant to valuation procedures approved by the Board of Trustees. NFA and NFM have established a Fair Valuation Committee ( FVC ) to assign these fair valuations. The fair value of a security may differ from its quoted or published price. Fair valuation of portfolio securities may occur on a daily basis. Securities may be fair valued in a variety of circumstances, such as where (i) market quotations are not readily available; (ii) an independent pricing service does not provide a value or the value provided by an independent pricing service is determined to be unreliable in the judgment of NFA/NFM or its designee; (iii) a significant event has occurred that affects the value of the Fund s securities after trading has stopped (e.g., earnings announcements or news relating to natural disasters affecting an issuer s operations); (iv) the securities are illiquid; (v) the securities have defaulted or been delisted from an exchange and are no longer trading; or (vi) any other circumstance in which the FVC believes that market quotations do not accurately reflect the value of a security. The fair valuation of securities takes into account relevant factors and surrounding circumstances, including, but not limited to, the prices of related or comparable assets or liabilities, recent transactions, market multiples, anticipated cash flows, the nature and duration of any restrictions on transfer, book values, and other information relevant to the investment. Methods utilized to determine fair value may include, among others, the following: (i) a multiple of earnings; (ii) the discount from market value of a similar, freely traded security; (iii) the yield-to-maturity for debt issues; or (iv) a combination of these and other methods. Fair valuations may also take into account significant events that occur before Valuation Time but after the close of the principal market on which a security trades that materially affect the value of such security. The FVC monitors the results of fair valuation determinations and regularly reports the results to the Board of Trustees. That said, there can be no assurance that the fair value assigned to a security is the price at which a security could have been sold during the period in which the particular fair value was used to value the security. To the extent the inputs used are observable, these securities are classified as Level 2 investments, otherwise, they are classified as Level 3 investments within the hierarchy. The following table provides a summary of the inputs used to value the Fund s net assets as of January 31, Please refer to the Statement of Investments for additional information for portfolio holdings. Level 1 Level 2 Level 3 Total Assets: Common Stocks Airlines $ 484,433 $ $ $ 484,433 Auto Components 413, ,359 Automobiles 540, ,489 1,456,216 Banks 3,070,580 3,222,923 6,293,503 Biotechnology 1,314,241 1,314,241 Capital s 879, ,283 Chemicals 1,212,202 1,019,511 16,252 2,247,965 Commercial Services & Supplies 692, ,816 Communications Equipment 762, ,621 Consumer Finance 458, ,870 Containers & Packaging 502, ,669 Diversified Financial Services Diversified Telecommunication Services 695, ,521 Electrical Equipment 760, ,266 Electronic Equipment, Instruments & Components 551, ,925 Food & Staples Retailing 1,344,515 1,344,515 Health Care Equipment & Supplies 248, ,667 Health Care Providers & Services 1,457,931 1,457,931 Household Durables 785,510 1,596,023 2,381,533 Household Products 1,356, ,755 2,074,544 Insurance 888,892 1,400,258 2,289,150 Internet & Catalog Retail 484, ,275 Life Sciences Tools & Services 558, ,804 Machinery 2,127,543 2,127,543 Marine 615, ,006 Media 836, ,123 1,448,153 Metals & Mining 556, ,342 5

6 Level 1 Level 2 Level 3 Total Assets: (continued) Multiline Retail $ 559,445 $ 1,166,800 $ $ 1,726,245 Oil, Gas & Consumable Fuels 1,823, ,570 2,718,019 Personal Products 1,337, ,251 1,970,507 Pharmaceuticals 1,027, ,753 1,967,270 Real Estate Investment Trusts (REITs) 1,743,336 1,743,336 Semiconductors & Semiconductor Equipment 3,535,354 3,535,354 Software 1,056,054 1,120,848 2,176,902 Trading Companies & Distributors 459, ,302 Wireless Telecommunication Services 1,349,695 1,349,695 Total Common Stocks $ 29,234,761 $ 21,495,795 $ 16,252 $ 50,746,808 Forward Foreign Contracts 606, ,507 Mutual Fund 260, ,000 Repurchase Agreement 2,783,730 2,783,730 Total Assets $ 29,494,761 $ 24,886,032 $ 16,252 $ 54,397,045 Liabilities: Forward Foreign Contracts $ $ (444,218) $ $ (444,218) Total Liabilities $ $ (444,218) $ $ (444,218) Total $ 29,494,761 $ 24,441,814 $ 16,252 $ 53,952,827 Amounts designated as " ", which may include fair valued securities, are zero or have been rounded to zero. Transfers between levels are recognized as of the beginning of the reporting period. During the period ended January 31, 2016, there were no transfers into or out of Level 1, Level 2 or Level 3. The following is a reconciliation of assets for which Level 3 inputs were used in determining fair value: Common Stocks Total Balance as of 10/31/15 $ 16,315 $ 16,315 Accrued Accretion/(Amortization) Realized Gain/(Loss) Change in Net Appreciation/(Depreciation) (63) (63) Purchases* Sales Transfers Into Level 3 Transfers Out of Level 3 Balance as of 01/31/16 $ 16,252 $ 16,252 Change in Unrealized Appreciation/(Depreciation) for Investments Still Held as of 01/31/16** $ (63) $ (63) Amounts designated as are zero or have been rounded to zero. * Purchases include all purchases of securities and securities received in corporate actions. ** Included in the Statement of Operations under Net change in unrealized appreciation/(depreciation) from investments. The FVC continues to evaluate any information that could cause an adjustment to the fair value for these investments, such as market news, the progress of judicial and regulatory proceedings, and subadviser recommendations. 6

7 The following is a summary of the Fund s derivative instruments categorized by risk exposure as of January 31, Please see below for information on the Fund s policy regarding the objectives and strategies for using forward foreign currency contracts. Forward Foreign Contracts The Fund is subject to foreign currency exchange risk in the normal course of pursuing its objective(s). The Fund entered into forward foreign currency contracts in connection with planned purchases or sales of securities denominated in a foreign currency, to manage foreign currency exchange risk, and to gain exposure to certain foreign currencies without purchasing securities denominated in that currency. A forward foreign currency contract involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. Forward foreign currency contracts are generally valued at the mean of the last quoted bid and ask prices, as provided by an independent pricing service approved by the Board of Trustees, and are generally categorized as Level 2 investments within the hierarchy. The market value of a forward foreign currency contract fluctuates with changes in foreign currency exchange rates. All commitments are marked to market daily at the applicable exchange rates and any resulting unrealized appreciation or depreciation is recorded. Realized gains or losses are recorded at the time of the forward foreign currency contract matures or by delivery of the currency. Forward foreign currency contracts entail the risk of unanticipated movements in the value of the foreign currency relative to the U.S. dollar, and the risk that the counterparties to the contracts may be unable to meet their obligations under the contract. The following tables provide a summary of the Fund s derivative instruments categorized by risk exposure as of January 31, 2016: Fair s of Derivatives Not Accounted for as Hedging Instruments as of January 31, 2016 Assets: Fair Forward Foreign Contracts risk Unrealized appreciation on forward foreign currency contracts $ 606,507 Total $ 606,507 Liabilities: Fair Forward Foreign Contracts risk Unrealized depreciation on forward foreign currency contracts $ (444,218) Total $ (444,218) 7