Nationwide Funds®

Nationwide HighMark California Intermediate Tax Free Bond Fund

Overview

Investment Objective & Strategy

The Fund seeks to provide high current income that is exempt from federal income tax and California personal income tax.

The Fund invests primarily in investment-grade (either rated in the four highest rating categories of nationally recognized statistical ratings organizations or determined by the Adviser or subadviser to be of comparably high quality) municipal bonds and notes that are tax-exempt in California. Under normal market conditions, the Fund will invest at least 80% of its net assets in bonds, the income from which is exempt from both federal income tax and California personal income tax. This policy is fundamental and will not be changed without shareholder approval.

Portfolio Management

HighMark Cap. Mgmt Inc.

Robert Bigelow, Raymond Mow and David Wines are responsible for the day-to-day management of the Fund.