Fund Evaluator:

Nationwide BNY Mellon Dyn US Core R Overview

Nationwide BNY Mellon Dyn US Core R (GGFRX) is an actively managed U.S. Equity Large Blend fund. Nationwide launched the fund in 2003.

The investment seeks long-term capital growth. The fund seeks to provide investors with long-term growth of capital by outperforming the S&P 500® Index over a full market cycle while maintaining a similar level of market risk as the index. Equity securities that the fund buys primarily are common stocks of companies that are included in the S&P 500 Index. Under normal circumstances, it invests at least 80% of its net assets in securities of U.S. issuers or derivatives the value of which are linked to securities of U.S. issuers.

About Nationwide BNY Mellon Dyn US Core R (GGFRX)

There are 2 members of the management team with an average tenure of 7.15 years: Torrey Zaches (2020), James Stavena (2018). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Nationwide BNY Mellon Dyn US Core R has 511 securities in its portfolio. The top 10 holdings constitute 64.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Nationwide BNY Mellon Dyn US Core R is part of the Equity global asset class and is within the U.S. Equity fund group. Nationwide BNY Mellon Dyn US Core R has 0.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 126.1%. There is 0.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Nationwide BNY Mellon Dyn US Core R has -26.7% of the portfolio in cash.

Assets Under Management

The fund has $392 million in total assets, which is below the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

GGFRX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Nationwide BNY Mellon Dyn US Core R expense ratio is high compared to funds in the Large Blend category. Nationwide BNY Mellon Dyn US Core R has an expense ratio of 1.25%, which is 54% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Nationwide BNY Mellon Dyn US Core R has a portfolio turnover rate of 13%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of July 2026, Nationwide BNY Mellon Dyn US Core R returned -0.4%, which earned it a grade of D, as the Large Blend category had an average return of 0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Nationwide BNY Mellon Dyn US Core R has a trailing yield of 0.33%, which is below the 0.56% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Nationwide BNY Mellon Dyn US Core R Grades

Year to date, the fund has returned 8.9%, 0.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 17.5% over the past year (grade of C), 17.0% over the past three years (grade of D) and 10.1% per year over the past five years (grade of D) and 14.4% per year over the past 10 years (grade of B).

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