Fund Evaluator:
Nationwide Strategic Income R6 (NWXGX)
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Best Performing in Multisector Bond Over the Last Year
| 7.1% | Morningstar Multisector Bond (MSTMX) |
| 6.0% | Fidelity Advisor Strategic Income Z (FIWDX) |
| 5.4% | Russell Inv Opportunistic Credit Y (RGCYX) |
| 5.4% | Russell Inv Opportunistic Credit M (RGOTX) |
| 5.2% | Payden Managed Income SI (PKBIX) |
Fund Details
Nationwide Strategic Income R6 Overview
Nationwide Strategic Income R6 (NWXGX) is an actively managed Taxable Bond Multisector Bond fund. Nationwide launched the fund in 2015.
The investment seeks to provide a high level of current income. The fund employs a flexible investment approach, allocating across different types of debt securities with few limitations as to credit quality, geography, maturity or sector, with the goal of achieving a high level of current income. It may invest in U.S. government securities and foreign government bonds, as well as U.S. and foreign corporate bonds and debentures, asset-backed securities, mortgage-backed securities and convertible bonds. The fund also may invest in corporate loans.
About Nationwide Strategic Income R6 (NWXGX)
There are 2 members of the management team with an average tenure of 7.09 years: Jonathan Duensing (2015), Jeffrey Galloway (2023). 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 Strategic Income R6 has 758 securities in its portfolio. The top 10 holdings constitute 44.9% 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 Strategic Income R6 is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Nationwide Strategic Income R6 has 39.6% 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 2.6% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 74.5% (34.9% domestic bond, 39.6% foreign bond and 0.0% convertible bond). Nationwide Strategic Income R6 has 22.9% of the portfolio in cash.
Assets Under Management
The fund has $227 million in total assets, which is below the $1 billion average for the Multisector 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.
NWXGX 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 Strategic Income R6 expense ratio is average compared to funds in the Multisector Bond category. Nationwide Strategic Income R6 has an expense ratio of 0.49%, which is 48% 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 Strategic Income R6 has a portfolio turnover rate of 290%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 162% for the Multisector Bond category.
Recently, in the month of July 2026, Nationwide Strategic Income R6 returned 0.4%, which earned it a grade of A, as the Multisector Bond category had an average return of -0.7%. 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 Strategic Income R6 has a trailing yield of 5.39%, which is above the 5.31% 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 Strategic Income R6 Grades
Year to date, the fund has returned 2.8%, 2.0 percentage points better than the category, which translates into a grade of A. The fund has returned 5.9% over the past year (grade of A), 8.2% over the past three years (grade of A) and 5.6% per year over the past five years (grade of A) and 6.1% per year over the past 10 years (grade of A).
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NWXGX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NWXGX Return (NAV) | 0.4% | 1.2% | 5.9% | 8.2% | 5.6% | 6.1% |
| NWXGX Grade | A | A | A | A | A | A |
| +/- Category | 1.1% | 1.2% | 1.6% | 1.8% | 3.3% | 2.6% |
| Multisector Bond Avg | -0.7% | 0.0% | 4.3% | 6.3% | 2.4% | 3.5% |
| NWXGX Tax Cost Ratio | na | na | 2.2% | 2.2% | 2.4% | 2.4% |
NWXGX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NWXGX Return (NAV) | 2.8% | 7.5% | 9.9% | 9.4% | -1.8% | 5.0% | 3.5% | 10.3% | -0.1% | 11.2% | 11.8% |
| NWXGX Grade | A | D | A | B | A | A | F | C | B | A | A |
| +/- Category | 2.0% | -0.6% | 4.2% | 1.0% | 8.3% | 2.8% | -2.9% | 0.1% | 1.8% | 4.6% | 4.4% |
| Multisector Bond Avg | 0.9% | 8.1% | 5.7% | 8.4% | -10.1% | 2.2% | 6.3% | 10.3% | -1.9% | 6.6% | 7.5% |
| Risk Measures | |
| Standard Deviation: | 1.7% |
| Total Risk Index: | 0.14 - Low |
| Category Risk Index: | 0.37 - Low |
| Category Risk Grade: | A (3% Rank) |
| Beta: | 0.17 |
| R-Squared: | 36% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 5.4% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $2393 Mil |
| Fund Total Assets: | $ 228 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 290% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 10.8 years | |||
| Average Tenure: 7.1 years | |||
| Managers (Year): Duensing Jonathan (2015), Galloway Jeffrey (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 758 |
| % in Top 10 Holdings: | 44.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 39.6% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 2.6% |
| Domestic Bond: | 34.9% |
| Foreign Bond: | 39.6% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 22.9% |
Purchase Information
| Fund Family: | Nationwide |
| Phone Number: | 800-848-0920 |
| Website: | www.nationwide.com/mutualfunds |
| Status: | Open |
| Inception Date: | November 2, 2015 |
| Min. Initial Purchase: | $1,000,000 |
| 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 (%): | 0.49% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | Nationwide Strategic Income R6 |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
