Statement of Investments January 31, 2017 (Unaudited)

Transcription

1 Statement of Investments Nationwide HighMark California Intermediate Tax Free Bond Fund Municipal Bonds 94.5% California 94.5% Alhambra, Unified School District, Refunding, Series A, 5.00%, 08/01/20 $ 495,000 $ 555,266 Series A, 5.00%, 08/01/21 475, ,181 Alum Rock Union Elementary School District, Election 2012,, Series C, 5.00%, 08/01/29 595, ,447 Anaheim, Union High School District, California 2015, Refunding,, 5.00%, 08/01/24 2,000,000 2,403,860 Atascadero, Unified School District, Election 2010,, AGM Insured, Series A, 5.25%, 08/01/25 345, ,777 Banning Unified School District,, AGM Insured, 5.00%, 08/01/28 500, ,235 Banning, Utility Authority Water Enterprise and Improvement Projects, Refunding, RB, AGM Insured, 5.00%, 11/01/23 500, ,060 Bay Area Toll Authority, San Francisco Bay Area, Refunding, RB, Series F-1, 5.00%, 04/01/24 740, ,055 Bay Area Water Supply & Conservation Agency, Capital Cost Recovery Prepayment Program, RB, Series A, 4.00%, 10/01/19 880, ,862 Burlingame Financing Authority, Storm Drainage, RB 5.00%, 07/01/27 305, , %, 07/01/28 400, ,804 California Educational Facilities Authority, Pepperdine University, Refunding, RB, Series 2012, 5.00%, 09/01/24 455, ,195 California Educational Facilities Authority, Santa Clara University, Unrefunded, RB 5.25%, 04/01/23 15,000 15, %, 04/01/24 45,000 47,001 California Health Facilities Financing Authority, Refunding, RB 5.00%, 11/15/23 500, , %, 11/15/28 4,000,000 4,700,840 California State, Public Works Board, Lease Revenue, Department of Corrections & Rehabilitation, RB, Series H, 5.00%, 12/01/27 3,660,000 4,304,123 California State, Public Works Board, Lease Revenue, Regents of the University of California, ETM, RB, Series G, 5.00%, 12/01/21 1,000,000 1,159,190 California State, University, Statewide, RB, Series A, 5.00%, 11/01/23 300, ,169 California State, University, Systemwide, Prerefunded, RB, Series A, 5.25%, 11/01/22 255, ,134 California State, University, Systemwide, Refunding, RB Series A, 5.00%, 11/01/25 1,000,000 1,097,670 Series A, 5.00%, 11/01/26 1,500,000 1,644,525 Campbell, Unified High School District, Refunding,, 5.25%, 08/01/25 695, ,180 Cerritos, Community College District, Election 2004, Prerefunded Balance, Series C, 5.25%, 08/01/24 $ 450,000 $ 494,559 Series C, 5.25%, 08/01/25 750, ,265 Chaffey, Community College District, Election 2002,, Series E, 5.00%, 06/01/23 1,000,000 1,162,670 Chino Valley, Unified School District, Election 2002, Refunding,, Series A, 5.00%, 08/01/23 975,000 1,137,045 Citrus, Community College District, Refunding,, Series A, 5.00%, 08/01/23 500, ,630 Desert Sands, Unified School District, Election 2001, Prerefunded, 5.25%, 08/01/20 610, , %, 08/01/22 825, ,643 Dinuba, Unified School District,, BAM Insured, 5.00%, 08/01/27 800, ,800 El Camino, Community College District, Refunding,, 5.00%, 08/01/21 1,250,000 1,437,612 Fallbrook, Union Elementary School District, San Diego County, Election 2002, Refunding,, Series A, 5.00%, 08/01/23 720, ,664 Franklin-Mckinley, School District, Refunding,, BAM Insured, 5.00%, 08/01/24 500, ,820 Fruitvale, School District, Refunding,, 5.00%, 08/01/25 400, ,112 Garden Grove California Agency for Community Development, Tax Allocation Bonds, 5.00%, 10/01/25 500, ,200 Gavilan, Joint Community College District, Refunding,, 5.00%, 08/01/21 1,000,000 1,148,220 Hawthorne city Subordinate Tax Allocation, Successor Agency to the Community Redevelopment Agency, Refunding, Tax Allocation, AGM Insured, 5.00%, 09/01/29 500, ,575 Imperial, Irrigation District, Electric Series B, 5.00%, 11/01/26 2,600,000 2,942,056 Series C, 5.00%, 11/01/27 200, ,292 Series C, 5.00%, 11/01/28 555, ,505 Series C, 5.00%, 11/01/32 500, ,480 Kern Country Water Agency, Improvement District No 4, Refunding, RB, Series A, 5.00%, 05/01/29 1,555,000 1,816,862 Kern, High School District, Refunding, 4.00%, 08/01/18 455, , %, 08/01/19 740, , %, 08/01/22 885,000 1,033,981 Lincoln, Unified School District, Election 2012,, Series C, 5.00%, 08/01/24 250, ,482 Live Oak School District, Santa Cruz County, 5.00%, 08/01/25 550, , %, 08/01/30 885,000 1,032,627 1

2 Lodi, Unified School District, Refunding,, BAM Insured, 5.00%, 08/01/27 $ 450,000 $ 536,256 Lompoc, Unified School District,, 5.00%, 06/01/23 345, ,570 Long Beach, Harbor Revenue, Refunding, RB, Series B, 5.00%, 05/15/24 1,845,000 2,053,411 Long Beach, Unified School District, Election 2008, Prerefunded,, Series B, 5.25%, 08/01/24 940,000 1,033,812 Long Beach, Unified School District, Election 2008, Unrefunded Balance, Series B, 5.25%, 08/01/24 60,000 65,705 Series A, 5.25%, 08/01/25 100, ,508 Los Angeles Country Public Works Financing Authority, RB Series D, 5.00%, 12/01/23 400, ,332 Series D, 5.00%, 12/01/28 1,430,000 1,685,040 Series D, 5.00%, 12/01/32 1,000,000 1,153,310 Los Angeles Municipal Improvement Corp., Refunding, RB, Series B, 5.00%, 11/01/29 2,000,000 2,345,100 Los Angeles, Airport Department Revenue, Los Angeles International Airport, RB, Series D, 5.00%, 05/15/24 1,130,000 1,251,113 Los Angeles, Airport Department Revenue, Los Angeles International Airport, Refunding, RB Series A, 5.25%, 05/15/22 500, ,360 Series A, 5.00%, 05/15/23 1,000,000 1,107,860 Los Angeles,, Series A, 5.00%, 09/01/24 975,000 1,124,789 Los Angeles, Harbor Department Revenue, RB Series A, 5.00%, 08/01/20 2,090,000 2,272,143 Series A, 5.25%, 08/01/21 350, ,554 Los Angeles, Unified School District, Refunding,, Series C, 5.00%, 07/01/24 1,280,000 1,541,504 Los Angeles, Waste Water System Revenue, Senior Lien, Refunding, RB, Series B, 5.00%, 06/01/24 1,535,000 1,761,244 Los Angeles, Water & Power Department Revenue, Power System, Refunding, RB Series A, 5.00%, 07/01/22 2,380,000 2,700,297 Manteca, Sewer Revenue, Refunding, RB, 5.00%, 12/01/22 1,580,000 1,824,710 Merced, Community College District, Refunding,, 5.00%, 08/01/25 1,000,000 1,191,990 Milpitas Redevelopment Agency, Refunding, Tax Allocation, 5.00%, 09/01/27 1,055,000 1,228,632 Modesto, Irrigation District, Capital Improvements, COP, Series A, 5.50%, 10/01/25 1,500,000 1,621,215 Modesto, Irrigation District, Electric Series A, 5.00%, 07/01/20 535, ,562 Series A, 5.00%, 07/01/21 750, ,818 Series A, 5.00%, 07/01/22 1,575,000 1,786,633 Mount Diablo, Unified School District, Refunding,, 5.00%, 08/01/26 $ 300,000 $ 339,354 Northern California Transmission Agency, Refunding, RB, Series A, 5.00%, 05/01/22 665, ,492 Oak Grove, School District, Refunding,, 5.00%, 08/01/23 500, ,315 Ohlone, Community College District, Refunding,, 5.00%, 08/01/22 720, ,264 Ontario-Montclair School District,, AGM Insured Series A, 5.00%, 08/01/25 255, ,834 Series A, 4.00%, 08/01/27 365, ,610 Oxnard, School District, Election 2012,, AGM Insured, Series D, 5.25%, 08/01/26 250, ,760 Pajaro Valley, Unified School District, Refunding,, Series A, 4.00%, 08/01/19 500, ,930 Palm Springs Financing Authority Lease, Refunding, RB, 5.00%, 11/01/25 260, ,536 Paramount, Unified School District, Refunding,, BAM Insured 5.00%, 08/01/22 500, , %, 08/01/25 1,000,000 1,190,520 Peralta, Community College District, Refunding,, 5.00%, 08/01/20 2,240,000 2,514,355 Perris, Unified High School District, Refunding,, BAM Insured, 5.00%, 09/01/24 1,000,000 1,182,550 Placentia-Yorba Linda, Unified School District, Refunding,, 5.00%, 08/01/24 500, ,965 Pomona Unified School District,, AGM Insured, 5.00%, 08/01/27 1,700,000 2,004,487 Port of Oakland, Intermediate Lien, Refunding, RB, NATL-RE Insured, Series B, 5.00%, 11/01/18 1,970,000 2,028,076 Redding, Electric System Revenue, Refunding, COP, AGM Insured Series A, 5.25%, 06/01/19 475, ,923 Series A, 5.00%, 06/01/22 1,525,000 1,598,749 Series A, 5.00%, 06/01/24 1,160,000 1,215,309 Sacramento Area Flood Control Agency, RB, Series A, 5.00%, 10/01/26 500, ,580 Sacramento, Municipal Utility District Electric, RB, AGM Insured Series U, 5.00%, 08/15/23 1,690,000 1,788,432 Series U, 5.00%, 08/15/24 595, ,548 Sacramento, Municipal Utility District, Electric Series X, 5.00%, 08/15/18 1,000,000 1,060,860 Series D, 5.00%, 08/15/26 465, ,039 San Bernardino, Community College District, Election 2002, Prerefunded Balance,, Series A, 6.25%, 08/01/24 1,055,000 1,137,828 San Bernardino, Community College District, Refunding, Series A, 4.00%, 08/01/18 405, ,816 Series A, 5.00%, 08/01/20 1,000,000 1,121,750 2

3 San Diego, Community College District, Refunding, 5.00%, 08/01/20 $ 560,000 $ 630, %, 08/01/21 400, , %, 08/01/24 1,000,000 1,159,100 San Diego, Public Facilities Financing Authority, Sewer Revenue, Refunding, RB Series B, 5.50%, 05/15/23 3,750,000 4,120,612 Series A, 5.25%, 05/15/26 1,675,000 1,887,926 San Diego, Public Facilities Financing Authority, Water Revenue, Refunding, RB, Series B, 5.00%, 08/01/21 1,000,000 1,093,660 San Diego, Successor Agency to the Redevelopment Agency, Refunding, Tax Allocation Series A, 5.00%, 09/01/27 1,100,000 1,315,292 Series A, 5.00%, 09/01/29 500, ,730 San Francisco City & County, Airport Commission, International Airport Revenue, Second Series, Issue 32F, Refunding, RB, NATL Insured, 5.25%, 05/01/19 2,150,000 2,336,835 San Francisco City & County, Earthquake Safety, Prerefunded Balance,, Series E, 5.00%, 06/15/26 1,000,000 1,120,510 San Francisco City & County, General Hospital Improvement, Prerefunded Balance,, Series A, 5.25%, 06/15/24 250, ,727 San Francisco City & County, Public Utilities Commission, Water Revenue, Refunding, RB Series A, 5.00%, 11/01/22 250, ,400 Series A, 5.00%, 11/01/26 1,075,000 1,285,829 San Francisco City & County, Refunding,, Series R1, 5.00%, 06/15/24 755, ,057 San Francisco, Bay Area Rapid Transit, District Sales Tax Revenue, Refunding, RB, Series A, 5.00%, 07/01/23 500, ,085 San Leandro, Unified School District, Refunding,, AGM Insured Series B, 5.00%, 08/01/24 1,000,000 1,170,870 Series A, 5.00%, 08/01/25 500, ,260 San Mateo Union High School District, Election 2006, Series 2013-A, 5.00%, 09/01/20 400, ,396 Series 2013-A, 5.00%, 09/01/22 1,000,000 1,173,110 San Mateo, Flood Control District, Refunding, RB, 5.00%, 08/01/25 610, ,321 San Mateo, Joint Powers Financing Authority, Lease Revenue, San Mateo County, Capital Projects, Refunding, RB, Series A, 5.25%, 07/15/24 1,000,000 1,089,110 Santee California School District, Refunding, 5.00%, 08/01/23 485, , %, 08/01/24 400, ,772 Santee, Successor Agency to the CDC, Refunding, Tax Allocation, Series A, 5.00%, 08/01/25 400, ,200 Southern California, Public Power Authority, Power Project Revenue, Canyon Power, Refunding, RB, Series A, 5.00%, 07/01/25 1,065,000 1,178,380 Southern California, Public Power Authority, Transmission Project Revenue, Sub-Southern Transmission, Refunding, RB, Series A, 5.00%, 07/01/23 $ 1,200,000 $ 1,279,044 State Center, Community College District, Refunding,, 5.00%, 08/01/20 1,000,000 1,123,210 State of California, Department of Water Resources, Power Supply Revenue, Prerefunded, RB, AGM Insured, Series H, 5.00%, 05/01/21 1,065,000 1,118,910 State of California, Economic Recovery, Prerefunded Balance,, Series A, 5.00%, 07/01/20 555, ,916 State of California, 5.00%, 10/01/20 1,000,000 1,128, %, 11/01/24 2,000,000 2,250,240 Stockton California, Unified School District, Election 2012,, BAM Insured, Series B, 5.00%, 08/01/26 810, ,881 Successor Agency to the Commerce Community Development Commission Tax Allocation Refunding, AGM Insured, Series A, 5.00%, 08/01/29 1,625,000 1,898,520 Tracy Community Development Agency, Refunding, Tax Allocation, AGM Insured 5.00%, 08/01/28 1,000,000 1,160, %, 08/01/29 1,000,000 1,152,730 Tracy Unified School District, Refunding,, 5.00%, 08/01/26 1,490,000 1,774,650 Travis, Unified School District, COP, BAM Insured, Series B, 4.00%, 09/01/28 200, ,584 Union City Community Redevelopment Agency, Refunding, Tax Allocation, Series A, 5.00%, 10/01/32 555, ,484 University of California, Limited Project Revenue, RB, Series I, 5.00%, 05/15/22 1,000,000 1,164,890 University of California, Limited Project Series G, 5.00%, 05/15/22 935,000 1,089,172 Series G, 5.00%, 05/15/24 2,475,000 2,849,913 University of California, RB, Series AO, 5.00%, 05/15/23 250, ,578 Upland, Unified School District, Election 2000, Refunding,, Series C, 5.00%, 08/01/19 275, ,196 Upland, Unified School District, Election 2008, Refunding,, Series A, 5.00%, 08/01/26 800, ,432 Upland, Unified School District, Refunding,, 5.00%, 08/01/25 500, ,865 Vista, Unified School District, Refunding, 5.00%, 08/01/21 500, , %, 08/01/22 500, , %, 08/01/24 300, ,091 3

4 West Valley-Mission, Community College District, Election 2012,, Series A, 5.00%, 08/01/24 $ 1,615,000 $ 1,871,785 Total Municipal Bonds (cost $152,559,835) 155,331,255 Investment Company 2.1% Money Fund 2.1% Dreyfus Tax Exempt Cash Management - Institutional Shares, 0.44% (a) 3,374,986 3,374,986 Total Investment Company (cost $3,374,986) 3,374,986 Total Investments (cost $155,934,821) (b) (c) 96.6% 158,706,241 Other assets in excess of liabilities 3.4% 5,626,621 NET ASSETS 100.0% $ 164,332,862 (a) Represents 7-day effective yield as of January 31, (b) At January 31, 2017, the tax basis cost of the Fund's investments was $155,934,821, tax unrealized appreciation and depreciation were $4,271,656 and $(1,500,236), respectively. (c) Assured Guaranty Municipal Corporation has issued, guaranteed, backed or otherwise enhanced the credit quality of more than 5% of the securities held in the portfolio. In instances where an entity has guaranteed, backed, or otherwise enhanced the credit quality of a security, it is not primarily responsible for the issuer s obligations but may be called upon to satisfy the issuer s obligations. At January 31, 2017, the percentage attributed to Assured Guaranty Municipal Corporation was 11.33% AGM BAM CDC COP ETM NATL RB RE Assured Guaranty Municipal Corporation Build America Mutual Community Development Commission Certificates of Participation Escrowed to Maturity General Obligation National Public Finance Guarantee Corporation Revenue Bond Reinsured 4

5 In accordance with the authoritative guidance on fair value measurements and disclosures under accounting principles generally accepted in the United States of America, Nationwide Mutual Funds' (the Trust ) investment adviser to the Fund, Nationwide Fund Advisors ( NFA ), assigns a fair value to Fund investments in accordance with a hierarchy that prioritizes the various types of inputs used to measure fair value. The hierarchy gives the highest priority to readily available unadjusted quoted prices in active markets for identical assets (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements) when market prices are not readily available or reliable. The three levels of the hierarchy are summarized below. Level 1 Quoted prices in active markets for identical assets Level 2 Other significant observable inputs (including quoted prices of similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 Significant unobservable inputs (including the Fund s own assumptions in determining the fair value of investments) Changes in valuation techniques may result in transfers into or out of an investment s assigned level within the hierarchy. An investment s categorization within the hierarchy is based on the lowest level of any input that is significant to the fair valuation in its entirety. The inputs or methodology used to value investments are not intended to indicate the risk associated with investing in those investments. The Trust s Board of Trustees (the Board of Trustees ) has delegated authority to NFA, and the Trust s administrator, Nationwide Fund Management LLC ( NFM ), to assign a fair value under certain circumstances, as described below, pursuant to valuation procedures approved by the Board of Trustees. NFA and NFM have established a Fair Valuation Committee ( FVC ) to assign these fair valuations. The fair value of a security may differ from its quoted or published price. Fair valuation of portfolio securities may occur on a daily basis. Securities may be fair valued in certain circumstances, such as where (i) market quotations are not readily available; (ii) an independent pricing service does not provide a value or the value provided by an independent pricing service is determined to be unreliable in the judgment of NFA/NFM or its designee; (iii) a significant event has occurred that affects the value of the Fund s securities after trading has stopped (e.g., earnings announcements or news relating to natural disasters affecting an issuer s operations); (iv) the securities are illiquid; (v) the securities have defaulted or been delisted from an exchange and are no longer trading; or (vi) any other circumstance in which the FVC believes that market quotations do not accurately reflect the value of a security. The FVC will assign a fair value according to fair value methodologies. Information utilized by the FVC to obtain a fair value may include, among others, the following: (i) a multiple of earnings; (ii) the discount from market value of a similar, freely traded security; (iii) the yield-to-maturity for debt issues; or (iv) a combination of these and other methods. To arrive at the appropriate methodology, the FVC may consider a non-exclusive list of factors, which are specific to the security as well as whether the security is traded on the domestic or foreign markets. The FVC monitors the results of fair valuation determinations and regularly reports the results to the Board of Trustees. The FVC attempts to establish a price that it might reasonably expect to receive upon the current sale of that security. That said, there can be no assurance that the fair value assigned to a security is the price at which a security could have been sold during the period in which the particular fair value was used to value the security. To the extent the inputs used are observable, these securities are classified as Level 2 investments; otherwise, they are classified as Level 3 investments within the hierarchy. The following table provides a summary of the inputs used to value the Fund s net assets as of January 31, Please refer to the Statement of Investments for additional information for portfolio holdings. Level 1 Level 2 Level 3 Total Assets: Municipal Bonds $ $ 155,331,255 $ $ 155,331,255 Investment Company 3,374,986 3,374,986 Total $ 3,374,986 $ 155,331,255 $ $ 158,706,241 s designated as " ", which may include fair valued securities, are zero or have been rounded to zero. Transfers between levels are recognized as of the beginning of the reporting period. During the period ended January 31, 2017, there were no transfers into or out of Level 1, Level 2 or Level 3. 5