# EDGAR Filing Document

**Accession Number:** 0001048702
**File Stem:** 0002071691-25-010012
**Filing Date:** 2025-12
**Character Count:** 31120
**Document Hash:** 436ab9ad14cc00c7949292fd06bb48e4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-010012.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0002071691-25-010012

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20251031

**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:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08495
- **FILM NUMBER:** 251599454

**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 BNY Mellon Dynamic U.S. Equity Income Fund (Series ID: S000066380)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000214210 | Eagle Class                 | NWAPX           |
| C000214211 | Institutional Service Class | NWAOX           |
| C000214212 | Class A                     | NWALX           |
| C000214213 | Class K                     | NWAMX           |
| C000214214 | Class R6                    | NWANX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Nationwide Mutual Funds

- **b. Investment Company Act file number:** 811-08495

- **c. CIK number of Registrant:** 0001048702

- **d. LEI of Registrant:** 549300NXDT8MH8Z3PQ44

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** One Nationwide Plaza

  - **City:** Columbus

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 43215

  - **Telephone number:** 614-435-3820

**Item A.2. Information about the Series.**

- **a. Name of Series:** Nationwide BNY Mellon Dynamic U.S. Equity Income Fund

- **b. EDGAR series identifier (if any):** S000066380

- **c. LEI of Series:** 549300XEOKBHOGOB8993

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $750217967.29

**Total Liabilities:** $4884909.64

**Net Assets:** $745333057.65

**Cash Not Reported:** $48652714.75

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000214214 | 3.87%                | 0.64%                | 0.35%                |
| Class ID C000214212 | 3.87%                | 0.60%                | 0.32%                |
| Class ID C000214211 | 3.87%                | 0.61%                | 0.35%                |
| Class ID C000214210 | 3.87%                | 0.64%                | 0.35%                |
| Class ID C000214213 | 3.87%                | 0.64%                | 0.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1832079.70              | $23140197.53                               |
| Month 2  | $2351867.04              | $-769424.61                                |
| Month 3  | $6787161.89              | $-5502116.56                               |

**Designated Index Information**

- **Index Name:** Russell 1000 Value Benchmark

- **Index Identifier:** RUSSELL.MC.RLV

### Schedule of Portfolio Investments

| Name                                  | Title                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Dolby Laboratories, Inc.              | Dolby Laboratories, Inc., Class A      | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |    114647 | NS      | $7603389.04   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                     | Exxon Mobil Corp.                      | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    165887 | NS      | $18970837.32  | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH plc                               | CRH plc                                | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74       | Long             | EC               | CORP              | IE        |    150247 | NS      | $17894417.70  | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp.               | Permian Resources Corp., Class A       | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    251787 | NS      | $3162444.72   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                      | Amazon.com, Inc.                       | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     71779 | NS      | $17529867.38  | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos., Inc.                   | Carlisle Cos., Inc.                    | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |     20171 | NS      | $6556583.55   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp.                | Northrop Grumman Corp.                 | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      8650 | NS      | $5046842.50   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co.              | Bristol-Myers Squibb Co.               | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     80274 | NS      | $3698223.18   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp.                         | Danaher Corp.                          | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     24690 | NS      | $5317732.20   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace, Inc.                | Howmet Aerospace, Inc.                 | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     18669 | NS      | $3844880.55   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins, Inc.                         | Cummins, Inc.                          | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      8228 | NS      | $3601231.04   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp. | International Business Machines Corp.  | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     22627 | NS      | $6955766.07   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                           | Phillips 66                            | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     75337 | NS      | $10256379.18  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | U.S. Treasury Long Bond                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       644 | NC      | $2064178.42   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                     | Johnson & Johnson                      | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    145807 | NS      | $27538568.09  | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T, Inc.                            | AT&T, Inc.                             | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    199956 | NS      | $4948911.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer, Inc.                          | Pfizer, Inc.                           | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    222176 | NS      | $5476638.40   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | S&P 500 E-Mini Index                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       217 | NC      | $946662.50    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp.                 | Las Vegas Sands Corp.                  | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |    125006 | NS      | $7419106.10   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Solstice Advanced Materials, Inc.     | Solstice Advanced Materials, Inc.      | CUSIP: 83443Q103<br>LEI: 2138004GZ4H9TW6HK435 | Long             | EC               | CORP              | US        |      5259 | NS      | $237023.13    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant, Inc.                        | Assurant, Inc.                         | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |     94852 | NS      | $20082065.44  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Comerica, Inc.                        | Comerica, Inc.                         | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |     88962 | NS      | $6805593.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp.                         | Newmont Corp.                          | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     77913 | NS      | $6308615.61   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corp.      | Old Republic International Corp.       | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |     97469 | NS      | $3846126.74   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Weyerhaeuser Co.                      | Weyerhaeuser Co.                       | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |    261626 | NS      | $6017398.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity plc                   | TE Connectivity plc                    | CUSIP: N/A<br>LEI: 6367003TB6K484NFHE54       | Long             | EC               | CORP              | IE        |     32782 | NS      | $8097481.82   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CF SECURED LLC                        | Treasury Repurchase Agreement          | CUSIP: N/A<br>LEI: 254900OXTV81I73FAT50       | Long             | RA               | CORP              | US        |   3300646 | PA      | $3300645.95   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.          | Royal Caribbean Cruises Ltd.           | CUSIP: N/A<br>LEI: K2NEH8QNVW44JIWK7Z55       | Long             | EC               | CORP              | LR        |     10910 | NS      | $3129315.30   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan, Inc.                | Freeport-McMoRan, Inc.                 | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    243127 | NS      | $10138395.90  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy, Inc.              | Diamondback Energy, Inc.               | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     39969 | NS      | $5723161.11   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup, Inc.                       | Citigroup, Inc.                        | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    122803 | NS      | $12431347.69  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | S&P 500 E-Mini Index                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -173 | NC      | $-769329.46   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Alcon AG                              | Alcon AG                               | CUSIP: N/A<br>LEI: 549300LDT5AP8S0NBM78       | Long             | EC               | CORP              | CH        |     46562 | NS      | $3440466.18   | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| International Paper Co.               | International Paper Co.                | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    206411 | NS      | $7975721.04   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic plc                         | Medtronic plc                          | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |    201717 | NS      | $18295731.90  | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.           | Capital One Financial Corp.            | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     48851 | NS      | $10746731.49  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon plc                               | Aon plc, Class A                       | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | IE        |     43677 | NS      | $14879880.36  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | Russell 2000 E-Mini Index              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       602 | NC      | $491845.11    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                   | Cisco Systems, Inc.                    | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    386767 | NS      | $28276535.37  | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                  | JPMorgan Chase & Co.                   | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     86898 | NS      | $27035705.76  | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway, Inc.              | Berkshire Hathaway, Inc., Class B      | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     53502 | NS      | $25549345.08  | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                        | Morgan Stanley                         | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     43135 | NS      | $7074140.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.            | Constellation Energy Corp.             | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     15839 | NS      | $5971303.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials, Inc.               | Applied Materials, Inc.                | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     52446 | NS      | $12225162.60  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp.                             | EQT Corp.                              | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    128544 | NS      | $6887387.52   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                         | Chevron Corp.                          | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     79696 | NS      | $12569653.12  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines, Inc.                 | Delta Air Lines, Inc.                  | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |    126514 | NS      | $7259373.32   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp. (The)            | Charles Schwab Corp. (The)             | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     36222 | NS      | $3423703.44   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar, Inc.                     | Caterpillar, Inc.                      | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     15320 | NS      | $8843623.20   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies, Inc.           | L3Harris Technologies, Inc.            | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     56241 | NS      | $16259273.10  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America              | U.S. Treasury Bills                    | CUSIP: 912797RL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  26000000 | PA      | $25745314.92  | 3.45%             | 2026-02-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                   | S&P 500 E-Mini Index                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       217 | NC      | $1738712.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell, Inc.                         | Hubbell, Inc., Class B                 | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |     23015 | NS      | $10817050.00  | 1.45%             |  |  |  | No            |                  1 | On Loan: —       |
| Estee Lauder Cos., Inc. (The)         | Estee Lauder Cos., Inc. (The), Class A | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |     75701 | NS      | $7319529.69   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)       | Goldman Sachs Group, Inc. (The)        | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     10381 | NS      | $8194449.97   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co. (The)                 | Walt Disney Co. (The)                  | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     45687 | NS      | $5145269.94   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana, Inc.                          | Humana, Inc.                           | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |     30448 | NS      | $8470329.12   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MAREX CAPITAL MARKETS INC             | Treasury Repurchase Agreement          | CUSIP: N/A<br>LEI: 5493006BWPDUCYG6EQ34       | Long             | RA               | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Columbia Banking System, Inc.         | Columbia Banking System, Inc.          | CUSIP: 197236102<br>LEI: 254900CTRJTQZ3BJ2V17 | Long             | EC               | CORP              | US        |    136233 | NS      | $3651044.40   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp.                           | Alcoa Corp.                            | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |    139146 | NS      | $5119181.34   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                 | Bank of America Corp.                  | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    356681 | NS      | $19064599.45  | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings, Inc.                | Labcorp Holdings, Inc.                 | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29212 | NS      | $7418679.52   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co.                  | Emerson Electric Co.                   | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     28764 | NS      | $4014591.48   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corp.                   | First Horizon Corp.                    | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |    425281 | NS      | $9084002.16   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises, Inc.            | Ferguson Enterprises, Inc.             | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |     15118 | NS      | $3756823.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International, Inc.         | Honeywell International, Inc.          | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     21039 | NS      | $4235781.87   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health, Inc.                 | Elevance Health, Inc.                  | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |     14833 | NS      | $4705027.60   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group, Inc.                   | Omnicom Group, Inc.                    | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |    113382 | NS      | $8505917.64   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.              | Marathon Petroleum Corp.               | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     63591 | NS      | $12394521.81  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group, Inc.    | American International Group, Inc.     | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     78586 | NS      | $6205150.56   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.                 | Gilead Sciences, Inc.                  | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     50981 | NS      | $6107013.99   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group, Inc.              | UnitedHealth Group, Inc.               | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     49072 | NS      | $16761032.32  | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific, Inc.        | Thermo Fisher Scientific, Inc.         | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     18293 | NS      | $10379265.27  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp.                           | FedEx Corp.                            | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     14036 | NS      | $3562617.52   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp.                           | Dover Corp.                            | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |     37252 | NS      | $6759747.92   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial, Inc.                  | Voya Financial, Inc.                   | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |    114198 | NS      | $8503183.08   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                 | Dominion Energy, Inc.                  | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     84893 | NS      | $4982370.17   | 0.67%             |  |  |  | No            |                  1 | On Loan: —       |
| Fortune Brands Innovations, Inc.      | Fortune Brands Innovations, Inc.       | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |     70621 | NS      | $3587546.80   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co.                        | Ford Motor Co.                         | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |    386720 | NS      | $5077633.60   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp. of America            | Packaging Corp. of America             | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     16157 | NS      | $3162894.32   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp.                             | CSX Corp.                              | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    368910 | NS      | $13288138.20  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** Nationwide Mutual Funds

**Signature:** David Majewski

**Name of Signer:** David Majewski

**Title:** Treasurer