Nationwide Funds Group Acquires Two Mutual Funds from UBS
High yield and global equity funds offer additional long-term strategies to
help investors plan and save for retirement
KING OF PRUSSIA, Pa. -- November 19, 2012
Nationwide Funds Group today announced that shareholders of the UBS High Yield
Fund and UBS Global Equity Fund have approved the mergers and reorganizations
of those funds into the Nationwide High Yield Bond Fund and the Nationwide
Global Equity Fund. The merger gives Nationwide approximately $183 million in
new assets, and enables Nationwide to offer a wider array of investment
solutions to financial advisors and their clients.
UBS Global Asset Management will remain affiliated with the funds as their
subadviser. The funds’ existing assets, performance histories and risk
profiles have carried over to the Nationwide funds. Continuing Nationwide’s
commitment to provide value for clients and help drive asset growth for the
company, the new funds have lower fees than they did prior to the mergers and
“The Nationwide High Yield Bond Fund and Nationwide Global Equity Fund enhance
our product portfolio by increasing the number of asset classes we can draw
upon to assist advisors with navigating their clients through all market
conditions,” said Michael Spangler, president of Nationwide Funds Group. “This
latest effort to broaden our investment offerings involves partnering with an
established subadviser to grow our business, while providing investors with
the potential for higher yields and greater diversification in a market where
investors are hungry for both.”
The Nationwide High Yield Bond Fund (GGHAX) seeks to provide high current
income and corresponding capital growth. It invests in a portfolio of
higher-yielding, lower-rated fixed-income securities issued by U.S. and
foreign companies. The fund employs a disciplined, fundamental research-driven
investment process focused on risk management, and presents an opportunity for
investors to achieve higher yields at a time when interest rates are at
The Nationwide Global Equity Fund (GGEAX) seeks to maximize total return,
including capital appreciation and current income, by using a globally
integrated investment process to uncover undervalued markets, currencies,
sectors and securities. The fund’s research capabilities are supported by a
team of 80 analysts based around the world. Its global equities-focused
strategy provides investors with an opportunity to globally diversify at a
time when many advisors are encouraging their clients to further diversify
“These adoptions are beneficial for investors,” said Bob McGowan, managing
director and head of corporate institutions at UBS global asset management.
“Existing shareholders will benefit from the greater reach these funds will
have through Nationwide’s distribution platform and their potential to develop
economies of scale that will enable the funds to invest more flexibly.
Furthermore, these funds will have broad appeal for prospective investors
looking for timely strategies managed by experienced and established teams of
The Class A Shares of both funds require a minimum investment of $2,000. The
Class A Shares of the Nationwide High Yield Fund and Nationwide Global Equity
Fund will see their annual expense ratios decrease from 1.20 percent to 1.10
percent and from 1.50 percent to 1.30 percent, respectively.
“We continuously look for ways to diversify our portfolio of offerings and
provide financial advisors with as many solid, long-term investment options as
possible to help their clients prepare for retirement and meet other financial
goals,” Spangler said.
Investors interested in learning more about Nationwide Funds Group should
contact their financial professional. Financial professionals interested in
learning more can visit the mutual fund advisor website or contact the
Nationwide Funds Group sales desk at 877-877-5083, option 3.
Investing in mutual funds involves risk, including possible loss of principal.
Investors’ shares, when redeemed, may be worth more or less than their
original cost. While global investing can provide investors with additional
diversification, there are other risks that should be considered before
investing such as stock market, foreign currency and political risks. It is
important to note that investing in high yield bonds involves risk as well,
including interest rate risk and default risk.
Investors should carefully consider a fund’s investment objectives, risks,
fees, charges and expenses before investing any money. To obtain this and
other information on Nationwide Funds, please call 1-800-848-0920 to request a
summary prospectus and/or a prospectus, or download a summary prospectus
and/or a prospectus at nationwide.com/mutualfunds. Please read it carefully
before investing any money.
Nationwide Funds distributed by Nationwide Fund Distributors LLC (NFD), Member
FINRA, 1000 Continental Drive, Suite 400, King of Prussia, Pa. 19406. NFD is
not an affiliate of UBS Global Asset Management.
About Nationwide Funds Group
Based in the Philadelphia area, Nationwide Funds Group is the mutual fund
business of Nationwide Financial Services Inc., a leading provider of
long-term savings and retirement products and a Nationwide Insurance company.
A strategic partner to advisors, Nationwide Funds Group provides a full family
of sub-advised mutual funds designed to help meet the unique investment goals
and risk tolerances of their investor clients. As of Sept. 30, 2012,
Nationwide Funds Group manages 86 funds with approximately $44 billion in
Nationwide Mutual Insurance Company, based in Columbus, Ohio, is one of the
largest and strongest diversified insurance and financial services
organizations in the U.S. and is rated A+ by both A.M. Best and Standard &
Poor’s. The company provides customers a full range of insurance and financial
services, including auto insurance, motorcycle, boat, homeowners, pet, life
insurance, farm, commercial insurance, annuities, mortgages, mutual funds,
pensions, long-term savings plans and specialty health services. For more
information, visit www.nationwide.com.
Nationwide, Nationwide Financial, Nationwide Funds Group and the Nationwide
framemark and On Your Side are service marks of Nationwide Mutual Insurance
Erica Lewis, 614-249-0184
Kris Kagel, 973-850-7312
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