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Nationwide Invesco Core Plus Bond R6 Overview

Nationwide Invesco Core Plus Bond R6 (NWCIX) is an actively managed Taxable Bond Intermediate Core-Plus Bond fund. Nationwide launched the fund in 1992.

The investment seeks maximum long-term total return, consistent with reasonable risk to principal, by investing primarily in investment grade debt securities of varying maturities. The fund invests at least 80% of its net assets in fixed-income securities. Securities in which it invests may pay interest on either a fixed-rate or variable-rate basis. The fund’s portfolio can be expected to have an average effective duration ranging between three and eight years, although its sub-adviser may lengthen or shorten the fund’s portfolio duration outside this range depending on its evaluation of market conditions.

About Nationwide Invesco Core Plus Bond R6 (NWCIX)

There are 4 members of the management team with an average tenure of 1.22 years: Michael Hyman (2025), Matthew Brill (2025), Todd Schomberg (2025), Chuck Burge (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Nationwide Invesco Core Plus Bond R6 has 1044 securities in its portfolio. The top 10 holdings constitute 37.7% 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 Invesco Core Plus Bond R6 is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Nationwide Invesco Core Plus Bond R6 has 19.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 1.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 102.8% (82.9% domestic bond, 19.9% foreign bond and 0.2% convertible bond). Nationwide Invesco Core Plus Bond R6 has -4.2% of the portfolio in cash.

Assets Under Management

The fund has $85 million in total assets, which is below the $1 billion average for the Intermediate Core-Plus Bond 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.

NWCIX 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 Invesco Core Plus Bond R6 expense ratio is average compared to funds in the Intermediate Core-Plus Bond category. Nationwide Invesco Core Plus Bond R6 has an expense ratio of 0.47%, which is 40% lower than its category average, making the fund expense ratio grade a B. 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 Invesco Core Plus Bond R6 has a portfolio turnover rate of 425%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 181% for the Intermediate Core-Plus Bond category.

Recently, in the month of July 2026, Nationwide Invesco Core Plus Bond R6 returned -1.3%, which earned it a grade of C, as the Intermediate Core-Plus Bond category had an average return of -1.3%. 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 Invesco Core Plus Bond R6 has a trailing yield of 5.24%, which is above the 4.36% category average. The fund normally distributes its income monthly 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 Invesco Core Plus Bond R6 Grades

Year to date, the fund has returned -0.5%, 0.1 percentage points better than the category, which translates into a grade of C. The fund has returned 3.0% over the past year (grade of B), 4.2% over the past three years (grade of C) and 0.1% per year over the past five years (grade of B) and 2.0% per year over the past 10 years (grade of B).

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