We see opportunity differently

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TSW's disciplined investment process is designed to identify opportunity where mispricing results from indifference, low expectations and sometimes even outright disdain. Our focus is on buying businesses at a discount to their intrinsic value and using a diversified portfolio of differentiated ideas to drive superior returns.

TSW embraces a probabilistic approach to risk. We work to understand the probabilities associated with a range of outcomes in an uncertain world. Return potential is best when uncertainty about outcomes creates a gap between market price and intrinsic value. Certainty is an expensive illusion, and the popular path is littered with disappointments.

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TSW Core Plus

Asset Class / Style Intermediate Bond / Value
Vehicles Available Separate Account
Sub-Advised Mutual Fund (NWCIX) Nationwide Core Plus Bond Fund1
Product Factsheet TSW Core Plus Factsheet
Product Commentary Click Here to Request Quarterly Commentary
Disclosures GIPS® Disclosure - Core Plus
Annualized Performance: Total Return
3Q21 1 Year 3 Years 5 Years 7 Years 10 Years
TSW Core Plus (gross) 0.14 1.99 6.49 4.17 4.36 4.65
TSW Core Plus (net) 0.10 1.81 6.31 3.99 4.18 4.42
Bloomberg Barclays U.S. Aggregate Index 0.05 -0.90 5.36 2.94 3.26 3.01
TSW Core Plus Bloomberg Barclays U.S. Aggregate Bond Index
Average Maturity (Yrs) 6.8 8.5
Effective Duration (Yrs) 4.8 6.4
Average Coupon (%) 3.2 2.5
Average Yield to Worst (%) 1.9 1.6
Average Credit Rating A3 Aa2

*iShares Core U.S. Aggregate Bond ETF

TSW Core Plus Bloomberg Barclays U.S. Aggregate Bond Index
Corporates 54.4 26.0
Government Related 0.3 5.7
Municipals 1.1 0.0
Treasury 19.8 38.4
ABS 0.0 0.3
CMBS 2.8 2.1
Mortgages 19.3 27.6
Other Securitized 0.1 0.0
Cash 2.3 0.0

1 Investing involves risk including loss of principal. For more information pertaining to the mutual fund products above, including investment objectives, risks, charges and expenses, obtain a prospectus. Read the prospectus carefully before investing or sending money. Neither this material nor any accompanying oral presentation or remarks by a representative of the distributors is intended to constitute a recommendation of the funds or a determination of suitability for any investor. Nationwide Core Plus Bond Fund is distributed by Nationwide Fund Distributors LLC, which is not affiliated with Thompson, Siegel & Walmsley LLC or any other affiliate. For more information on Nationwide Funds or to request a prospectus, please visit www.nationwide.com or call 1-800-848-0920. Only I share class tickers are shown. Contact the adviser or distributor at the links below for specific share class information.

Performance represents the Core Plus composite and is preliminary. Past performance is no guarantee of future results.

The time-weighted Gross and Net performance stated above reflect the deduction of brokerage commissions and the reinvestment of dividends and other income. Gross performance does not include the deduction of investment management fees. The full disclosure statement is located at the top of the page in the "Disclosure" area.

The portfolio is actively managed and holdings are subject to change, and should not be considered as investment recommendations to buy individual securities.