# EDGAR Filing Document

**Accession Number:** 0001048702
**File Stem:** 0001193125-26-071611
**Filing Date:** 2026-2
**Character Count:** 20576
**Document Hash:** 1ffb306d22af54a99f82f589a8adbeb4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-071611.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0001193125-26-071611

**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:** 26678797

**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 Loomis All Cap Growth Fund (Series ID: S000057621)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000184012 | Class A                     | NWZLX           |
| C000184013 | Class R6                    | NWZMX           |
| C000184014 | Institutional Service Class | NWZNX           |
| C000201554 | Eagle Class                 | NWADX           |

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| | |
|:---|:---|
| <br> Nationwide Loomis All Cap Growth Fund | ![LOGO](g52456g80u24.jpg) |

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Summary Prospectus March 2, 2026

**Class**/Ticker **A** NWZLX **R6** NWZMX **Institutional Service Class** NWZNX **Eagle Class** NWADX

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 Loomis All Cap Growth Fund seeks to provide long-term capital growth.

**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 Shares | Class R6 Shares | Institutional Service Class Shares | Eagle 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 | Eagle Class<br>Shares |
| &nbsp;&nbsp;&nbsp;Management Fees | 0.80% | 0.80% | 0.80% | 0.80% |
| &nbsp;&nbsp;&nbsp;Distribution and/or Service (12b-1) Fees | 0.25% |  |  |  |
| &nbsp;&nbsp;&nbsp;Other Expenses | 0.31% | 0.12% | 0.37% | 0.22% |
| &nbsp;&nbsp;&nbsp;**Total Annual Fund Operating Expenses** | 1.36% | 0.92% | 1.17% | 1.02% |
| &nbsp;&nbsp;&nbsp;Fee Waiver/Expense Reimbursement<sup>(1)</sup> | (0.10)% | (0.10)% | (0.10)% | (0.10)% |
| &nbsp;&nbsp;&nbsp;**Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement** | 1.26% | 0.82% | 1.07% | 0.92% |

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<sup>(1)</sup> Nationwide Mutual Funds (the "Trust") and Nationwide Fund Advisors (the "Adviser") have entered into a written contract limiting annual fund operating expenses to 0.82% 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-ACG (3/26)

Summary Prospectus March 2, 2026 1 Nationwide Loomis All 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 | $696 | $972 | $1268 | $2108 |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | 84 | 283 | 500 | 1122 |
| &nbsp;&nbsp;&nbsp;Institutional Service Class Shares | 109 | 362 | 634 | 1411 |
| &nbsp;&nbsp;&nbsp; Eagle Class Shares | 94 | 315 | 554 | 1239 |

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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 11.29% of the average value of its portfolio.

**Principal Investment Strategies** 

Under normal circumstances, the Fund invests in equity securities, primarily common stocks, issued by companies of any size. The Fund normally invests across a wide range of sectors and industries, using a growth style of equity management that emphasizes companies with sustainable competitive advantages versus others, long-term structural growth drivers that the subadviser believes will lead to above-average future cash flow growth, attractive cash flow returns on invested capital, and management teams focused on creating long-term value for shareholders. The Fund's subadviser aims to invest in stocks of companies when they trade at a significant discount to the subadviser's estimate of intrinsic value (i.e., companies with share prices trading significantly below what the portfolio manager believes the share price should be). The subadviser will consider selling a portfolio investment when it believes an unfavorable structural change occurs within a given business or the markets in which it operates, when a critical underlying investment assumption is flawed, when a more attractive reward-to-risk opportunity becomes available, when the current price fully reflects the subadviser's estimate of intrinsic value, or for other investment reasons which the subadviser deems appropriate.

The Fund is not required to maintain any specified percentage of its assets in securities of a particular capitalization size. The Fund is permitted, therefore, at any given time, to invest either all of its assets or none of its assets in any particular capitalization size, or to invest a flexible combination of its assets among various capitalization sizes. At times the subadviser emphasizes investments in one or more industries or sectors. The Fund may invest up to 25% of its net assets in foreign securities. Although the Fund maintains a diversified portfolio, it nonetheless may invest in a limited number of issuers.

**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.

*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.

Summary Prospectus March 2, 2026 2 Nationwide Loomis All Cap Growth Fund

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*Sector risk* – investments in particular industries or sectors may be more volatile than the overall stock market. Therefore, if the Fund emphasizes one or more industries or economic sectors, it will be more susceptible to financial, market or economic events affecting the particular issuers and industries participating in such sectors than funds that do not emphasize particular industries or sectors.

*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.

*Foreign securities risk* – foreign securities often are 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. 

*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.

*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.

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

**Annual Total Returns – Class R6 Shares** 

**(Years Ended December 31,)**![LOGO](g52456g82k91.jpg)

**Highest Quarter: 23.88% – Q2 2020** 

**Lowest Quarter: -23.17% – Q2 2022** 

After-tax returns are shown in the table for Class R6 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.

The inception date for Eagle Class shares is June 19, 2018. Pre-inception historical performance for Eagle Class shares is based on the previous performance of Institutional Service Class shares. Performance for Eagle Class shares has not been adjusted to reflect that share class's lower expenses than those of Institutional Service Class shares.

Summary Prospectus March 2, 2026 3 Nationwide Loomis All Cap Growth Fund

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**Average Annual Total Returns** 

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

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **1 Year** | **5 Years** | **Since<br>Fund<br>Inception** | **Fund<br>Inception<br>Date** |
| &nbsp;&nbsp;&nbsp;Class A Shares – Before Taxes | 6.21% | 11.12% | 14.27% | 5/31/2017 |
| &nbsp;&nbsp;&nbsp;Class R6 Shares – Before Taxes | 13.19% | 12.94% | 15.58% | 5/31/2017 |
| &nbsp;&nbsp;&nbsp;Class R6 Shares – After Taxes on Distributions | 11.04% | 10.76% | 13.80% | 5/31/2017 |
| &nbsp;&nbsp;&nbsp;Class R6 Shares – After Taxes on Distributions and Sales of Shares | 9.32% | 9.89% | 12.49% | 5/31/2017 |
| &nbsp;&nbsp;&nbsp;Institutional Service Class Shares – Before Taxes | 13.15% | 12.91% | 15.51% | 5/31/2017 |
| &nbsp;&nbsp;&nbsp;Eagle Class Shares – Before Taxes | 13.06% | 12.84% | 15.45% | 5/31/2017 |
| &nbsp;&nbsp;&nbsp;Russell 3000<sup>®</sup> Index (The Index does not pay sales charges, fees, expenses or taxes.) | 17.15% | 13.15% | 14.12% |  |
| &nbsp;&nbsp;&nbsp;Russell 3000<sup>®</sup> Growth Index (The Index does not pay sales charges, fees, expenses or taxes.) | 18.15% | 14.59% | 17.93% |  |

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**Portfolio Management** 

**Investment Adviser** 

Nationwide Fund Advisors

**Subadviser** 

Loomis, Sayles & Company, L.P.

**Portfolio Manager** 

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Portfolio Manager** | **Title** | **Length of Service with Fund** |
| &nbsp;&nbsp;&nbsp;Aziz V. Hamzaogullari, CFA | Chief Investment Officer and Founder of the Growth Equity Strategies Team and Portfolio Manager | Since 2017 |

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**Purchase and Sale of Fund Shares** 

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

Summary Prospectus March 2, 2026 4 Nationwide Loomis All Cap Growth Fund