Fees and Expenses
This table describes the fees and expenses you may pay when buying and holding shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future,
at least $50,000 in Nationwide Funds.
More information about these and other discounts is available from your financial professional and in Investing with Nationwide Funds commencing on page 34 of the Prospectus and in
Additional Information on Purchases and Sales commencing on page 75 of the Statement of Additional Information.
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Class A
Shares
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Class C
Shares
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Class R
Shares
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Institutional Class
Shares
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Institutional Service
Class Shares
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Service Class
Shares
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Shareholder Fees
(paid directly from your investment)
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Maximum Sales Charge (Load) imposed on purchases (as a percentage of offering
price)
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5.75%
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None
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None
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None
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None
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None
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Maximum Deferred Sales Charge (Load) (as a percentage of offering or sale price, whichever is
less)
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None
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1.00%
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None
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None
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None
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None
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Annual Fund Operating Expenses
(expenses that you pay each year as a
percentage of the value of your investment)
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Management Fees
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0.13%
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0.13%
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0.13%
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0.13%
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0.13%
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0.13%
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Distribution and/or Service
(12b-1)
Fees
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0.25%
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1.00%
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0.50%
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None
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None
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0.25%
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Other Expenses
1
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0.18%
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0.12%
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0.21%
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0.06%
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0.18%
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0.21%
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Acquired Fund Fees and Expenses
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0.30%
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0.30%
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0.30%
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0.30%
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0.30%
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0.30%
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Total Annual Fund Operating Expenses
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0.86%
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1.55%
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1.14%
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0.49%
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0.61%
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0.89%
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1
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Other Expenses has been restated to reflect current fees. More information about administrative services fees can be found in Investing with Nationwide
Funds on page 37 of the Prospectus.
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SP-ID-MAG
(3/14)
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Summary Prospectus March 1, 2014
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1
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Nationwide Investor Destinations Moderately Aggressive Fund
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Example
This Example is intended to help you to compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. It assumes a 5% return each year and no change in
expenses. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
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1 Year
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3 Years
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5 Years
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10 Years
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Class A shares
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$658
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$834
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$1,024
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$1,575
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Class C shares
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258
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490
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845
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1,573
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Class R shares
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116
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362
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628
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1,386
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Institutional Class shares
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50
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157
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274
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616
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Institutional Service Class shares
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62
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195
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340
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762
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Service Class shares
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91
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284
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493
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1,096
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You would pay the following expenses on the same investment if you did not sell your shares:
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1 Year
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3 Years
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5 Years
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10 Years
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Class C shares
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$158
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$490
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$845
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$1,573
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Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or turns over its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and
may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Funds performance. During the most recent fiscal year, the
Funds portfolio turnover rate was 29.31% of the average value of its portfolio.
Principal Investment Strategies
The Fund is a fund of funds that invests primarily in affiliated mutual funds representing a variety of asset classes. The Fund aims to provide diversification across major asset
classesU.S. stocks, international stocks, and bondsby investing primarily in mutual funds offered by Nationwide Mutual Funds (each, an Underlying Fund or collectively, Underlying Funds). Each Underlying Fund
invests directly in equity securities, bonds (including mortgage-backed securities) or other securities, as appropriate to its investment objective and strategies. Most Underlying Funds are index funds (or funds that use index
replication strategies) that invest directly in equity securities, bonds or other securities with a goal of obtaining investment returns that closely track a benchmark securities index. Some of these Underlying Funds invest in futures, forwards and
swaps, all of which are derivatives, with investment characteristics similar to those of securities included in the respective indexes in an attempt to synthetically replicate the performance of those indexes. The Fund also invests in certain
Underlying Funds that are not index funds. Although the Fund seeks to provide diversification across major asset classes, the Fund is nondiversified as to issuers, which means that it holds securities issued by a small number of issuers (i.e.,
Underlying Funds), and may invest a significant portion of its assets in any one Underlying Fund.
The Fund pursues its objective primarily by
seeking growth of capital, as well as income. Through investments in the Underlying Funds, the Fund invests a significant portion of its assets in equity
securities, such as common stocks of U.S. and international companies, including smaller companies. As of the date of this Prospectus, the Fund allocates approximately 51% of its net assets in
U.S. stocks, approximately 25% in international stocks and approximately 19% in bonds. The Fund is designed for moderately aggressive investors who want to maximize returns over the long-term but who have a tolerance for possible short-term losses
or who are looking for some additional diversification.
Principal Risks
The Fund cannot guarantee that it will achieve its investment objective.
As with any fund, the value of
the Funds investmentsand therefore, the value of Fund sharesmay fluctuate. These changes may occur because of:
Fund-of-funds risk
there are certain risks associated with a structure whereby the Fund invests primarily in other
mutual funds. These risks include that (1) the Fund will indirectly pay a proportional share of the fees and expenses of the Underlying Funds in which it invests; (2) the Funds investment performance is directly tied to the performance of the
Underlying Funds in which it invests. If one or more Underlying Funds fails to meet its investment objective, the Funds performance could be negatively affected; (3) the Fund is subject to different levels and combinations of risk based on its
actual allocation among the various asset classes and Underlying Funds. The potential impact of the risks related to an asset class depends on the size of the Funds investment allocation to it; (4) the investment advisers evaluations and
allocation among asset classes and Underlying Funds may be incorrect; (5) the investment adviser may add or delete Underlying Funds, or alter the Funds asset allocation, at its discretion. Changes to the Funds Underlying Funds or
allocation (or the lack thereof) could affect both the level of risk and the potential for gain or loss; and (6) in selecting the Underlying Funds in which the Fund invests, the investment adviser could be subject to a potential conflict of
interest, because the investment adviser is also the investment adviser to most, if not all, of the Underlying Funds, and so the investment adviser may have an incentive to invest the Funds assets in affiliated Underlying Funds. In addition,
the advisory fees paid to the investment adviser by the Underlying Funds typically are higher than the advisory fees paid by the Fund.
Management risk
the Fund is subject to the risk that the methods and analyses employed by its investment adviser,
or by the investment advisers or subadvisers to the Underlying Funds, may not produce the desired results. This could cause the Fund to lose value or its result to lag those of relevant benchmarks or other funds with similar objectives.
Stock market risk
the Fund could lose value if the individual stocks in which the Underlying Funds invest or overall stock markets in which such stocks trade go down.
Foreign securities risk
foreign securities may be more volatile, harder to price and less liquid than U.S. securities. The prices of foreign securities may be further affected by other factors, such as changes in the
exchange rates between the U.S. dollar and the currencies in which the securities are traded.
Smaller company risk
smaller companies are usually less stable in price and less liquid than larger, more
established companies. Smaller companies are more vulnerable than larger companies to adverse business and economic developments and may have more limited resources. Therefore, they generally involve greater risk.
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Summary Prospectus March 1, 2014
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2
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Nationwide Investor Destinations Moderately Aggressive Fund
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Fixed-income securities risk
investments in fixed-income securities, such as bonds or other investments with debt-like characteristics, subject the Fund to interest rate risk, credit risk and prepayment and
call risk, which may affect the value of your investment. Interest rate risk is the risk that the value of fixed-income securities will decline when interest rates rise. Prices of longer-term securities generally change more in response to interest
rate changes than prices of shorter-term securities. To the extent a Fund invests a substantial portion of its assets in fixed-income securities with longer-term maturities, rising interest rates are more likely to cause the value of the Funds
investments to decline significantly. Credit risk is the risk that the issuer of a bond may be unable to pay interest or principal when due. If an issuer defaults, the Fund may lose money. Changes in a bond issuers credit rating or the
markets perceptions of an issuers creditworthiness may also affect the value of a bond. Prepayment and call risk is the risk that certain fixed-income securities will be paid off by the issuer more quickly than anticipated. If this
occurs, the Underlying Fund may be required to invest the proceeds in securities with lower yields.
Mortgage-backed securities risk
mortgage-backed securities are generally subject to the same types of risk that
apply to other fixed-income securities, such as interest rate risk, credit risk and prepayment and call risk. Mortgage-backed securities are also subject to extension risk, which is the risk that when interest rates rise, mortgage-backed securities
will be paid in full by the issuer more slowly than anticipated. This can cause the market value of the security to fall because the market may view its interest rate as low for a longer-term investment. Through its investments in mortgage-backed
securities, an Underlying Fund may have some exposure to subprime loans, as well as to the mortgage and credit markets generally. Subprime loans, which are loans made to borrowers with weakened credit histories, generally have higher default rates
than loans that meet government underwriting requirements.
Index
fund risk
an Underlying Fund that seeks to match the performance of an index does not use defensive strategies or attempt to reduce its exposure to poor performing securities.
Further, correlation between an Underlying Funds performance and that of the index may be negatively affected by the Underlying Funds expenses, changes in the composition of the index, and the timing of purchase and redemption of
Underlying Fund shares.
Derivatives risk
derivatives may be volatile and may involve significant risks. The underlying security, commodity, measure or other instrument on which a derivative is based, or the derivative itself, may not
perform as expected. Normally derivatives involve leverage, which means that their use can significantly magnify the effect of price movements of the underlying securities or reference measures, disproportionately increasing an Underlying
Funds losses and reducing the Underlying Funds opportunities for gains. Some derivatives have the potential for unlimited loss, including a loss that may be greater than the amount invested. They also present default risks if the
counterparty to a derivatives contract fails to fulfill its obligations to the Underlying Fund. Certain derivatives held by an Underlying Fund may be illiquid, making it difficult to close out an unfavorable position.
Liquidity risk
when there is little or no active trading market for specific types of securities or instruments, it can become more difficult to sell the securities or instruments at or near their perceived value. An inability to sell a portfolio position
can
adversely affect a Funds value or prevent the Fund from being able to take advantage of other investment opportunities. Liquidity risk also includes the risk that the Fund will experience
significant net redemptions of its shares at a time when it cannot find willing buyers for its portfolio securities or can only sell its portfolio securities at a material loss. To meet redemption requests, the Fund may be forced to sell other
securities or instruments that are more liquid, but at an unfavorable time and conditions.
Nondiversified fund risk
because the Fund may hold large positions in the Underlying Funds, an increase or decrease
in the value of the shares issued by these Underlying Funds may have a greater impact on the Funds value and total return.
If the value
of the Funds investments goes down, you may lose money.
Performance
The following bar chart and table can help you evaluate the Funds potential risks. The bar chart shows how the Funds annual total returns have varied from year to year. These returns do not
reflect the impact of sales charges. If sales charges were included, the annual total returns would be lower than those shown. The table compares the Funds average annual total returns to the returns of a broad-based securities index. The
table also compares the Funds average annual total returns to a hypothetical composite index, which is a representation of the performance of each Funds asset classes according to their respective weightings. The Adviser has replaced the
S&P 500 Index with the Russell 3000 Index as the Funds primary benchmark because the Russell 3000 Index includes small- and mid-capitalization stocks in addition to large-capitalization stocks. As of March 1, 2014, the Fund replaced the
hypothetical composite index (the Former Moderately Aggressive Fund Composite Index) with the Moderately Aggressive Fund Composite Index. The Adviser believes that the Moderately Aggressive Fund Composite Index provides a more accurate
representation of the Funds current asset weightings than the Former Moderately Aggressive Fund Composite Index. Remember, however, that past performance (before and after taxes) is not necessarily indicative of how the Fund will perform in
the future. Updated performance information is available at no cost by visiting nationwide.com/mutualfunds or by calling
800-848-0920.
Annual Total Returns Class A Shares
(Years Ended December 31,)
Best Quarter: 15.76% 2nd qtr. of 2009
Worst Quarter: -17.49% 4th qtr. of 2008
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Summary Prospectus March 1, 2014
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3
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Nationwide Investor Destinations Moderately Aggressive Fund
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After-tax
returns are shown in the following table for Class A
shares only and will vary for other classes.
After-tax
returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Your actual
after-tax
return depends on your personal tax situation and may differ from what is shown here.
After-tax
returns are not relevant to investors in
tax-deferred
arrangements, such as individual retirement accounts, 401(k) plans or certain other employer-sponsored retirement plans.
The inception date for Institutional Class shares is December 29, 2004.
Pre-inception
historical performance for Institutional Class shares is based on the
previous performance of Service Class shares. Performance for these classes has been adjusted to reflect differences in sales charges between classes, but not differing expenses.
The Fund had not commenced offering Institutional Service Class shares as of the date of this Prospectus. Therefore, pre-inception historical performance for Institutional Service Class shares is based on
the previous performance of Service Class shares. Performance for Institutional Service Class shares has not been adjusted to reflect a lower level of expenses than those that apply to Service Class shares.
Average Annual Total Returns
For the
Periods Ended December 31, 2013:
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1 Year
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5 Years
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10 Years
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Class A shares Before Taxes
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14.77%
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12.47%
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6.13%
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Class A shares After Taxes on Distributions
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13.66%
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11.84%
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5.33%
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Class A shares After Taxes on Distributions and Sales of Shares
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9.12%
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9.99%
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4.86%
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Class C shares Before Taxes
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19.91%
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12.98%
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6.00%
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Class R shares Before Taxes
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21.23%
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13.39%
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6.44%
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Institutional Class shares Before Taxes
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22.15%
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14.13%
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7.02%
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Institutional Service Class shares Before Taxes
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21.68%
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13.68%
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6.64%
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Service Class shares Before Taxes
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21.68%
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13.68%
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6.64%
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Russell 3000
®
Index (The Index does not pay sales charges, fees, expenses or taxes.)
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33.55%
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18.71%
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7.88%
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S&P 500
®
Index (The Index does not pay sales charges, fees, expenses or taxes.)
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32.39%
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17.94%
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7.41%
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Moderately Aggressive Fund Composite
Index
1
(The Index does not pay sales charges, fees, expenses
or taxes.)
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22.43%
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13.52%
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6.44%
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Former Moderately Aggressive Fund Composite Index
2
(The Index does not pay sales charges, fees, expenses or
taxes.)
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25.03%
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15.20%
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6.94%
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1
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The Moderately Aggressive Fund Composite Index is an unmanaged, hypothetical combination of Russell 3000
®
Index (55%), MSCI EAFE
®
Index
(25%), Barclays U.S. Aggregate Bond Index (15%) and Barclays U.S. 1-3 Year Government/Credit Bond Index (5%).
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2
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The Former Moderately Aggressive Fund Composite Index is an unmanaged, hypothetical combination of the S&P 500
®
Index (80%), the Barclays U.S. Aggregate Bond Index (15%), and the Citigroup 3-Month Treasury Bill (T-Bill) Index
(5%).
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Portfolio Management
Investment Adviser
Nationwide Fund Advisors (NFA)
Portfolio Manager
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Portfolio Manager
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Title
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Length of Service
with
Fund
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Thomas R. Hickey Jr.
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Head of Asset Strategies, NFA
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Since 2007
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Purchase and Sale of Fund Shares
|
Minimum Initial
Investment
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Classes A, C: $2,000
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Class R: no minimum
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Institutional Class: $1,000,000
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Institutional Service Class, Service Class: $50,000
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Automatic Asset Accumulation Plan (Classes A, C): $0
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Provided each monthly
purchase is at least $50
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Minimum Additional Investment
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Classes A, C: $100
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Class R, Institutional Class, Institutional Service Class, Service Class: no
minimum
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Automatic Asset Accumulation Plan (Classes
A, C): $50
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In general, you can buy or sell (redeem) shares of the Fund by mail or phone on any business day. You can generally pay for
shares by check or wire.
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To Place Orders To Purchase and Sell (Redeem) Fund Shares
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Mail:
Nationwide Funds
P.O. Box 701,
Milwaukee, WI 53201-0701
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Overnight:
Nationwide Funds
615 East Michigan Street,
Third
Floor,
Milwaukee, WI 53202
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Website:
nationwide.com/ mutualfunds
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Phone:
800-848-0920
(toll free). Representatives are available 9 a.m. 8 p.m. Eastern time, Monday through Friday.
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Tax Information
The Funds distributions are taxable, and generally will be taxed as ordinary income, capital gains, or some combination of both, unless you are
investing through a
tax-deferred
arrangement, such as a 401(k) plan or an individual retirement account, in which case your distributions generally will be taxed when withdrawn from the tax-deferred account.
Payments to Broker-Dealers and Other Financial Intermediaries
If you purchase the Fund through a broker-dealer or other financial intermediary (such as a bank), the Fund and its related companies may pay the intermediary for the sale of Fund shares and related
services. These payments may create a conflict of interest by influencing the broker-dealer or other intermediary and your salesperson to recommend the Fund over another investment. Ask your salesperson or visit your financial intermediarys
website for more information.
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Summary Prospectus March 1, 2014
|
|
4
|
|
Nationwide Investor Destinations Moderately Aggressive Fund
|
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