Fund Evaluator:
Nationwide Bailard Technology M (NWHQX)
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Best Performing in Technology Over the Last Year
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Fund Details
Nationwide Bailard Technology M Overview
Nationwide Bailard Technology M (NWHQX) is an actively managed Sector Equity Technology fund. Nationwide launched the fund in 2001.
The investment seeks long-term capital appreciation. The fund will, under normal market conditions, invest its assets primarily in common stocks located in the United States and abroad that the subadviser believes have superior sales and earnings growth potential, but at a reasonable price.
About Nationwide Bailard Technology M (NWHQX)
There are 3 members of the management team with an average tenure of 12.42 years: Christopher Moshy (2022), David Smith (2012), Sonya Thadhani Mughal (2006). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and S&P North American Technology TR index with a weighting of 100%. Nationwide Bailard Technology M has 42 securities in its portfolio. The top 10 holdings constitute 54.3% 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 Bailard Technology M is part of the Equity global asset class and is within the Sector Equity fund group. Nationwide Bailard Technology M has 6.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 92.9%. There is 6.9% 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 Bailard Technology M has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $210 million in total assets, which is below the $1 billion average for the Technology 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.
NWHQX 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 Bailard Technology M expense ratio is above average compared to funds in the Technology category. Nationwide Bailard Technology M has an expense ratio of 0.68%, which is 45% lower than its category average, making the fund expense ratio grade a A. 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 Bailard Technology M has a portfolio turnover rate of 22%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 77% for the Technology category.
Recently, in the month of June 2026, Nationwide Bailard Technology M returned 3.9%, which earned it a grade of B, as the Technology category had an average return of 1.9%. 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 Bailard Technology M has a trailing yield of 0.00%, which is below the 0.05% 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 Bailard Technology M Grades
Year to date, the fund has returned 25.0%, 8.6 percentage points worse than the category, which translates into a grade of D. The fund has returned 33.2% over the past year (grade of D), 29.5% over the past three years (grade of D) and 14.9% per year over the past five years (grade of C) and 21.8% per year over the past 10 years (grade of C).
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NWHQX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NWHQX Return (NAV) | 3.9% | 41.1% | 33.2% | 29.5% | 14.9% | 21.8% |
| NWHQX Grade | B | C | D | D | C | C |
| +/- Category | 1.9% | 0.4% | -20.6% | -3.3% | 0.1% | -0.9% |
| Technology Avg | 1.9% | 40.7% | 53.8% | 32.9% | 14.8% | 22.8% |
| NWHQX Tax Cost Ratio | na | na | 2.5% | 2.2% | 2.5% | 2.5% |
NWHQX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NWHQX Return (NAV) | 25.0% | 18.3% | 27.1% | 62.9% | -37.3% | 18.6% | 51.0% | 38.9% | -3.3% | 38.1% | 11.2% |
| NWHQX Grade | D | D | D | A | C | B | C | C | C | C | C |
| +/- Category | -8.6% | -6.4% | -1.2% | 13.2% | 0.9% | 1.4% | -5.9% | -2.3% | 0.6% | 0.7% | 0.3% |
| Technology Avg | 33.6% | 24.7% | 28.3% | 49.6% | -38.2% | 17.2% | 56.9% | 41.2% | -3.9% | 37.4% | 10.8% |
| Risk Measures | |
| Standard Deviation: | 22.4% |
| Total Risk Index: | 1.85 - High |
| Category Risk Index: | 0.93 - Below Average |
| Category Risk Grade: | B (36% Rank) |
| Beta: | 1.49 |
| R-Squared: | 71% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $230 Mil |
| Fund Total Assets: | $ 210 Mil |
| Share Class Type: | M |
| Portfolio Turnover: | 22% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 20.3 years | |||
| Average Tenure: 12.4 years | |||
| Managers (Year): Thadhani Mughal Sonya (2006), Smith David (2012), Moshy Christopher (2022) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 42 |
| % in Top 10 Holdings: | 54.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 6.9% |
Portfolio Allocation |
|
| Domestic Stock: | 92.9% |
| Foreign Stock: | 6.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Fund Family: | Nationwide |
| Phone Number: | 800-848-0920 |
| Website: | www.nationwide.com/mutualfunds |
| Status: | Open |
| Inception Date: | May 30, 2001 |
| Min. Initial Purchase: | $5,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.68% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.23% |
| Share Class: | Nationwide Bailard Technology M |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
