# EDGAR Filing Document

**Accession Number:** 0001048702
**File Stem:** 0001193125-26-071638
**Filing Date:** 2026-2
**Character Count:** 19848
**Document Hash:** 489bb63e46f96a091b5b1afe967ab638
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-071638.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0001193125-26-071638

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**EFFECTIVENESS DATE**: 20260225

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NATIONWIDE MUTUAL FUNDS
- **CENTRAL INDEX KEY:** 0001048702

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-40455
- **FILM NUMBER:** 26678829

**BUSINESS ADDRESS:**
- **STREET 1:** ONE NATIONWIDE PLAZA
- **STREET 2:** MAIL CODE 05-02-210
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215
- **BUSINESS PHONE:** 614-435-5749

**MAIL ADDRESS:**
- **STREET 1:** ONE NATIONWIDE PLAZA
- **STREET 2:** MAIL CODE 05-02-210
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GARTMORE MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 20020125

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONWIDE MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 19991015

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONWIDE INVESTING FOUNDATION III
- **DATE OF NAME CHANGE:** 19971029

## Series and Classes Contracts Data

### Nationwide Renaissance Small Cap Growth Fund (Series ID: S000041096)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000127589 | Class A                     | NWGPX           |
| C000127591 | Class R6                    | NWKEX           |
| C000127592 | Institutional Service Class | NWGSX           |

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| | |
|:---|:---|
| <br> Nationwide Renaissance Small Cap Growth Fund<br>*(formerly, Nationwide WCM Focused Small Cap Fund)* | ![LOGO](g110871g82c86.jpg) |

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Summary Prospectus March 2, 2026

**Class**/Ticker **A** NWGPX **R6** NWKEX **Institutional Service Class** NWGSX

Before you invest, you may want to review the Fund's Prospectus, which contains information about the Fund and its risks. The Fund's Prospectus and Statement of Additional Information, each dated March 2, 2026 (as may be supplemented or revised), are incorporated by reference into this Summary Prospectus. For free paper or electronic copies of the Fund's Prospectus and other information about the Fund, go to nationwide.com/mutualfundprospectuses, email a request to web_help@nationwide.com or call 800-848-0920, or ask any financial advisor, bank, or broker-dealer who offers shares of the Fund.

**Objective** 

The Nationwide Renaissance Small Cap Growth Fund seeks long-term capital appreciation.

**Fees and Expenses** 

This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. **You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below**. 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 the Fund. *More information about these and other discounts is available from your financial professional and in "Investing with Nationwide Funds" commencing on page 75 of the Prospectus and in "Additional Information on Purchases and Sales" commencing on page 92 of the Statement of Additional Information. In addition, if you purchase shares through a specific intermediary, you may be subject to different sales charges including reductions in or waivers of such charges. More information about these intermediary-specific sales charge variations is available in Appendix A to the Fund's Prospectus.*

**Shareholder Fees** (fees paid directly from your investment)

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| | | | |
|:---|:---|:---|:---|
|  | Class A<br>Shares | Class R6<br>Shares | Institutional Service<br>Class Shares |
| &nbsp;&nbsp;&nbsp;Maximum Sales Charge (Load) imposed on purchases (as a percentage of offering price) | 5.75% |  |  |

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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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| | | | |
|:---|:---|:---|:---|
|  | Class A<br>Shares | Class R6<br>Shares | Institutional Service<br>Class Shares |
| &nbsp;&nbsp;&nbsp; Management Fees | 0.75% | 0.75% | 0.75% |
| &nbsp;&nbsp;&nbsp; Distribution and/or Service (12b-1) Fees | 0.25% |  |  |
| &nbsp;&nbsp;&nbsp; Other Expenses | 0.45% | 0.34% | 0.42% |
| &nbsp;&nbsp;&nbsp; **Total Annual Fund Operating Expenses** | 1.45% | 1.09% | 1.17% |
| &nbsp;&nbsp;&nbsp; Fee Waiver/Expense Reimbursement<sup>(1)</sup> | (0.34)% | (0.34)% | (0.34)% |
| &nbsp;&nbsp;&nbsp; **Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement** | 1.11% | 0.75% | 0.83% |

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(1) Nationwide Mutual Funds (the "Trust") and Nationwide Fund Advisors (the "Adviser") have entered
into a written contract limiting annual fund operating expenses to 0.75% until at least March 2, 2027. Under the expense limitation agreement, the level to which operating expenses are limited applies to all share classes, excluding any taxes,
interest, compensation payable to parties not affiliated with the Adviser for the recovery of tax reclaims, brokerage commissions, Rule 12b-1 fees, acquired fund fees and expenses, short-sale dividend
expenses, administrative services fees, other expenses which are capitalized in accordance with generally accepted accounting principles and expenses incurred by the Fund in connection with any merger or reorganization, and may exclude other
nonroutine expenses not incurred in the ordinary course of the Fund's business. The expense limitation agreement may be changed or eliminated only with the consent of the Board of Trustees of the Trust. The Adviser may request and receive
reimbursement from the Fund for advisory fees waived or other expenses reimbursed by the Adviser pursuant to the expense limitation agreement at a date not to exceed three years from the date in which the corresponding waiver or reimbursement to the
Fund was made. However, no reimbursement may be made unless: (i) the Fund's assets exceed $100 million and (ii) the total annual expense ratio of the class making such reimbursement is no higher than the amount of the expense
limitation that was in place at the time the Adviser waived the fees or reimbursed the expenses and does not cause the expense ratio to exceed the current expense limitation. Reimbursement by the Fund of amounts previously waived or reimbursed by
the Adviser is not permitted except as provided for in the expense limitation agreement.

**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.

SP-R-SCG (3/26)

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| | |
|:---|:---|
|  **Summary Prospectus March 2, 2026**<sub>1</sub> | **Nationwide Renaissance Small Cap Growth Fund** |

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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 time periods. It assumes a 5% return each year and no change in expenses, and any expense limitation or fee waivers that may apply for the periods indicated above under "Fees and Expenses." Although your actual costs may be higher or lower, based on these assumptions your costs would be:

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **1 Year** | **3 Years** | **5 Years** | **10 Years** |
| &nbsp;&nbsp;&nbsp; Class A Shares | $682 | $976 | $1291 | $2183 |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | 77 | 313 | 568 | 1298 |
| &nbsp;&nbsp;&nbsp; Institutional Service<br> Class Shares | 85 | 338 | 611 | 1390 |

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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 Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 39.29% of the average value of its portfolio.

**Principal Investment Strategies** 

The Fund invests primarily in stocks of U.S. small-cap companies that exhibit growth characteristics. Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities of small-cap companies. For these purposes, small-cap companies are companies whose capitalizations are within the range of the market capitalizations of companies in the Russell 2000<sup>®</sup> Growth Index. The subadviser makes market capitalization determinations with respect to a security at the time of purchase of such security.

The Fund's subadviser seeks to outperform the Russell 2000<sup>®</sup> Growth Index over a full market cycle. The subadviser employs a disciplined, research-driven investment process to construct and manage a growth-oriented small cap growth portfolio. The subadviser defines growth stocks as companies whose earnings are expected to grow at an above-average rate relative to the overall market. The subadviser seeks to manage risk through diversification and systematic analysis of investment opportunities across multiple sectors and industries. The subadviser utilizes a proprietary stock selection process designed to identify securities that it believes trade at reasonable valuations supported by above-average corporate profitability and accelerating earnings growth.

Although the Fund maintains a diversified portfolio, it nonetheless may invest in a limited number of issuers. The subadviser may sell a stock if its fundamental characteristics (earnings growth, profitability, or valuation) have deteriorated and replace it with stocks that appear stronger and better ranked according to their analysis.

The Fund transitioned to a new subadviser effective February 23, 2026. This transition, together with trading activity associated with past shareholder redemptions, may lead to the Fund having significant embedded realized capital gains.

**Principal Risks** 

The Fund cannot guarantee that it will achieve its investment objective.

As with any fund, the value of the Fund's investments—and therefore, the value of Fund shares—may fluctuate. These changes may occur because of: 

***Equity securities risk*** – stock markets are volatile. The price of an equity security fluctuates based on changes in a company's financial condition and overall market and economic conditions.

***Market risk*** – the risk that one or more markets in which the Fund invests will go down in value, including the possibility that the markets will go down sharply and unpredictably. This occurs due to numerous factors, including interest rates, the outlook for corporate profits, the health of the national and world economies, and the fluctuation of other securities markets around the world. These risks may be magnified if certain social, political, economic and other conditions and events (such as natural disasters, epidemics and pandemics, terrorism, conflicts, trade disputes and social unrest or rapid technological developments such as artificial intelligence) adversely interrupt the global economy.

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| | |
|:---|:---|
|  **Summary Prospectus March 2, 2026**<sub>2</sub> | **Nationwide Renaissance Small Cap Growth Fund** |

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***Selection risk*** – the risk that the securities selected by the Fund's subadviser will underperform the markets, the relevant indexes or the securities selected by other funds with similar investment objectives and investment strategies.

***Growth style risk*** – growth stocks are generally more sensitive to market movements than other types of stocks primarily because their stock prices are based heavily on future expectations. If the subadviser's assessment of the prospects for a company's growth is wrong, or if the subadviser's judgment of how other investors will value the company's growth is wrong, then the Fund will suffer a loss as the price of the company's stock may fall or not approach the value that the subadviser has placed on it. In addition, growth stocks as a group sometimes are out of favor and underperform the overall equity market for long periods while the market concentrates on other types of stocks, such as "value" stocks.

***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.

***Limited portfolio holdings risk*** – because the Fund may hold large positions in a smaller number of securities an increase or decrease in the value of such securities will have a greater impact on the Fund's value and total return. Funds that invest in a relatively small number of securities may be subject to greater volatility than a more diversified investment.

*Loss of money is a risk of investing in the Fund. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.* 

**Performance** 

The following bar chart and table can help you evaluate the Fund's potential risks. The bar chart shows how the Fund's annual total returns have varied from year to year. The table compares the Fund's average annual total returns to the returns of a broad-based securities market index and an additional index. The additional index has characteristics relevant to the Fund's investment strategy. 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.

Sales charges are not reflected in the bar chart, and if those charges were included, returns would be less than those shown.

The Fund's performance prior to February 23, 2026, reflects returns pursuant to different principal investment strategies and a different subadviser. If the Fund's current strategies and

subadviser had been in place for the prior period, the performance information shown would have been different.

The Fund compares its performance to the Russell 3000 Index to satisfy a Securities and Exchange Commission (SEC) disclosure requirement.

**Annual Total Returns – Class A Shares** 

**(Years Ended December 31,)**![LOGO](g110871g68p27.jpg)

**Highest Quarter: 23.72% – Q4 2020** 

**Lowest Quarter: -34.38% – Q1 2020** 

After-tax returns are shown 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-advantaged arrangements, such as individual retirement accounts, 401(k) plans or certain other employer-sponsored retirement plans.

**Average Annual Total Returns** 

**(For the Periods Ended December 31, 2025)** 

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| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Years** | **10 Years** |
| &nbsp;&nbsp;&nbsp;Class A Shares – Before Taxes | -11.43% | 2.93% | 6.69% |
| &nbsp;&nbsp;&nbsp;Class A Shares – After Taxes on Distributions | -15.99% | 1.13% | 3.70% |
| &nbsp;&nbsp;&nbsp;Class A Shares – After Taxes on Distributions and Sales of Shares | -3.42% | 2.14% | 4.31% |
| &nbsp;&nbsp;&nbsp;Class R6 Shares – Before Taxes | -5.72% | 4.51% | 7.69% |
| &nbsp;&nbsp;&nbsp;Institutional Service Class Shares – Before Taxes | -5.78% | 4.44% | 7.60% |
| &nbsp;&nbsp;&nbsp;Russell 3000<sup>®</sup> Index (The Index does not pay sales charges, fees, expenses or taxes.) | 17.15% | 13.15% | 14.29% |
| &nbsp;&nbsp;&nbsp;Russell 2000<sup>®</sup> Growth Index (The Index does not pay sales charges, fees, expenses, or taxes.) | 13.01% | 3.18% | 9.57% |

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| | |
|:---|:---|
|  **Summary Prospectus March 2, 2026**<sub>3</sub> | **Nationwide Renaissance Small Cap Growth Fund** |

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**Portfolio Management** 

**Investment Adviser** 

Nationwide Fund Advisors

**Subadviser** 

The Renaissance Group LLC, doing business as Renaissance Investment Management

**Portfolio Managers** 

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Portfolio Manager** | **Title** | **Length of Service**<br> **with Fund** |
| &nbsp;&nbsp;&nbsp;Paul A. Radomski, CFA | Managing Partner, Portfolio Manager | Since 2026 |

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**Purchase and Sale of Fund Shares** 

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| |
|:---|
| &nbsp;&nbsp;&nbsp;**Minimum Initial Investment** |
| &nbsp;&nbsp;&nbsp;Class A: $2,000 |
| &nbsp;&nbsp;&nbsp;Class R6: $1,000,000 |
| &nbsp;&nbsp;&nbsp;Institutional Service Class: $50,000 |
| &nbsp;&nbsp;&nbsp;Automatic Asset Accumulation Plan (Class A): $0\* |
| &nbsp;&nbsp;&nbsp;\**Provided each monthly purchase is at least $50* |
| &nbsp;&nbsp;&nbsp;**Minimum Additional Investment** |
| &nbsp;&nbsp;&nbsp;Class A: $100 |
| &nbsp;&nbsp;&nbsp;Class R6, Institutional Service Class: no minimum |
| &nbsp;&nbsp;&nbsp;Automatic Asset Accumulation Plan (Class A): $50 |

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In general, you can buy or sell (redeem) shares of the Fund through your broker-dealer or financial intermediary, or by mail or phone on any business day. You can generally pay for shares by check or wire.

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**To Purchase and Sell (Redeem) Fund Shares** | &nbsp;&nbsp;&nbsp;**To Purchase and Sell (Redeem) Fund Shares** | &nbsp;&nbsp;&nbsp;**To Purchase and Sell (Redeem) Fund Shares** |
| &nbsp;&nbsp;&nbsp;**Mail:** | **Overnight:** | **Website:** |
| &nbsp;&nbsp;&nbsp;Nationwide Funds | Nationwide Funds | nationwide.com/ |
| &nbsp;&nbsp;&nbsp;c/o U.S. Bank Global | c/o U.S. Bank Global | mutualfunds |
| &nbsp;&nbsp;&nbsp;Fund Services | Fund Services |  |
| &nbsp;&nbsp;&nbsp;P.O. Box 219336 | 801 Pennsylvania Ave., |  |
| &nbsp;&nbsp;&nbsp;Kansas City, MO | Suite 219336 |  |
| &nbsp;&nbsp;&nbsp;64121-9336 | Kansas City, MO |  |
|  | 64105-1307 |  |
| &nbsp;&nbsp;&nbsp;Phone: 800-848-0920 (toll free). Representatives are available 9 a.m. – 8 p.m. Eastern time, Monday through Friday. | &nbsp;&nbsp;&nbsp;Phone: 800-848-0920 (toll free). Representatives are available 9 a.m. – 8 p.m. Eastern time, Monday through Friday. | &nbsp;&nbsp;&nbsp;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 Fund's 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-advantaged arrangement, such as a 401(k) plan or an individual retirement account, in which case your distributions may be taxed as ordinary income when withdrawn from the tax-advantaged 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 intermediary's website for more information.

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| | |
|:---|:---|
|  **Summary Prospectus March 2, 2026**<sub>4</sub> | **Nationwide Renaissance Small Cap Growth Fund** |

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