LEGAL PROCEEDINGS

Nationwide Mutual Funds

POTENTIAL MATERIAL LITIGATION


Tribune Company Litigation

Nationwide S&P 500 Index Fund (the "S&P 500 Index Fund"), a series of
Nationwide Mutual Funds ("NMF"), was named as a defendant in two lawsuits
that are consolidated in a multi-district litigation pending in the
United States District Court for the Southern District of New York
(the "District Court"), captioned In re Tribune Company Fraudulent
Conveyance Litigation, No. 11-MD-2296-RJS (the "Tribune MDL"). The
Tribune MDL arose from the 2007 leveraged buyout of The Tribune
Company ("Tribune") (the "Tribune LBO") and Tribune's subsequent
bankruptcy and reorganization. In connection with the
Tribune LBO, thousands of Tribune shareholders, including
the S&P 500 Index Fund, sold Tribune shares back to Tribune.

The Tribune MDL included a series of lawsuits brought by individual
creditors of Tribune (the "Individual Creditor Actions"), and a
lawsuit by a the trustee (the "Trustee") of a litigation trust to
which Tribune's committee of unsecured creditors assigned claims
(the "Committee Action"). These lawsuits sought to unwind the Tribune
LBO stock repurchases as fraudulent transfers and recover the
stock repurchase proceeds paid to the Tribune shareholders who
participated in the Tribune LBO. The S&P 500 Index Fund was named
as a defendant in the Committee Action and one of the Individual
Creditor Actions; NMF and Nationwide Fund Advisors ("NFA") were
previously named as defendants in the Committee Action, but NMF
and NFA were dismissed from the lawsuit. According to the most
recent amended complaint filed in the Committee Action, the
S&P 500 Index Fund was alleged to have received $1,329,720 in
exchange for the shares it tendered in the Tribune LBO.
Plaintiffs sought to unwind the Tribune LBO transactions and
recover the amount received by the S&P 500 Index Fund,
together with interest and costs.

The District Court entertained a first round of motions to dismiss in the
Individual Creditor Actions (the "Phase One Motions"). Following briefing and
argument on the Phase One Motions, the District Court entered an order
dismissing the Individual Creditor Actions in their entirety on the grounds
that the individual creditor plaintiffs lack standing to pursue their claims.
The parties appealed the District Court's dismissal order to the United States
Court of Appeals for the Second Circuit (the "Second Circuit"), and, on
March 29, 2016, the Second Circuit affirmed the dismissal, albeit on the
grounds that the individual creditor plaintiffs' claims are preempted by
the Bankruptcy Code's safe harbor for securities transactions. The individual
creditor plaintiffs petitioned the United States Supreme Court for review
of the Second Circuit's decision. Then the individual creditor plaintiffs
moved the Second Circuit to review its prior ruling in light of the Supreme
Court's decision in Merit Mgmt. Grp., LP v. FTI Consulting, Inc., 138
S. Ct. 883, (2018) (an unrelated case) regarding the scope of the
Bankruptcy Code's safe harbor for securities transactions. The Second
Circuit agreed to review its prior ruling, and, as a result, the Supreme
Court dismissed the individual creditor plaintiffs' petition
for certiorari. On December 19, 2019, the Second Circuit again affirmed the
District Court's dismissal of the Individual Creditor Actions on the grounds
that the individual creditor plaintiffs' claims are preempted and barred by
the Bankruptcy Code's safe harbor for securities transactions,
notwithstanding the Merit Mgmt. decision. The individual creditor
plaintiffs moved the Second Circuit for rehearing, which the Second
Circuit denied. The individual creditor plaintiffs then filed a second
petition for certiorari with the Supreme Court.On April 19, 2021, the
Supreme Court denied the individual creditor plaintiffs'
petition for certiorari, meaning that the Individual Creditor
Actions are fully and finally dismissed.

On January 6, 2017, the District Court entered an order dismissing the
Committee Action with prejudice, holding that the Trustee failed to plead
facts sufficient to state a claim against the shareholder defendants for
intentional fraudulent transfer. The Trustee appealed the dismissal
Order to the Second Circuit. Additionally, the Trustee requested leave
from the District Court to file an amended complaint to assert new claims
against the shareholder defendants in light of the Merit Mgmt. decision;
however, the District Court denied the motion to amend, determining,
among other things, that amendment would be futile because the Trustee's
proposed constructive fraudulent transfer claims are barred by the safe
harbor, notwithstanding the Merit Mgmt. decision. The Trustee
also appealed the denial of the motion to amend to the Second
Circuit. On August 20, 2021, the Second Circuit affirmed the District
Court's dismissal of the Trustee's claims against the Tribune
shareholder defendants and affirmed the District Court's denial of the
Trustee's motion for leave to amend. The Trustee petitioned the Second
Circuit for rehearing, which the Second Circuit denied.
The Trustee then filed a petition for certiorari with the
Supreme Court, which the Court denied on February 22, 2022,
meaning that the Committee Action is fully and finally dismissed.

The claims against the S&P 500 Index Fund in the Tribune MDL have
been dismissed and all appeals have been exhausted. Accordingly,
the S&P 500 Index Fund no longer faces any potential liability
exposure in connection with the Tribune MDL.

Nine West Litigation

Nationwide Small Cap Index Fund and Nationwide U.S. Small Cap Value
Fund (the "NMF Nine West Defendants"), series of NMF, have been named
as defendants in the multi-district litigation pending in the District
Court captioned In re Nine West LBO Securities Litigation,
No. 20-md-02941 (the "Nine West MDL"). The Nine West MDL arises from
the 2014 leveraged buyout (the "Jones Group LBO") of The
Jones Group Inc. ("Jones Group"), which later was renamed
Nine West Holdings,Inc. ("Nine West"), and Nine West's subsequent
bankruptcy and reorganization. In connection with the Jones Group LBO,
hundreds of Jones Group shareholders, including the NMF Nine West
Defendants, sold Jones Group shares back to Jones Group. According
to the Complaint against the NMF Nine West Defendants in the
Nine West MDL, Nationwide Small Cap Index Fund is alleged to
have received $554,400.00 in exchange for the shares it tendered
in the Jones Group LBO, and Nationwide U.S. Small Cap Value Fund
is alleged to have received $237,615.00 in the Jones Group LBO.

The Nine West MDL includes a series of lawsuits brought by the trustee of a
litigation trust to whom Nine West's committee of unsecured creditors assigned
claims and the indenture trustee for certain Notes issued by Jones Group and
Nine West. The lawsuits seek to unwind the Jones Group LBO stock repurchases
as fraudulent transfers and recover the stock repurchase proceeds paid
to the Jones Group shareholders who participated in the Jones Group LBO,
including the proceeds received by the NMF Nine West Defendants.

The shareholder defendants, including the NMF Nine West Defendants, moved to
dismiss the claims against them on the grounds that the claims are barred by
the Bankruptcy Code's safe harbor for securities transactions, and on
August 27, 2020, the District Court granted the shareholder defendants'
motions, dismissing all claims against the shareholder defendants.
The plaintiffs appealed the District Court's ruling to the Second Circuit.
The appeal is fully briefed, and oral argument was held March 10, 2022.
The parties await the Second Court's ruling.

The potential exposure for the NMF Nine West Defendants in the Nine West
MDL is the respective amount each received in return for the Jones Group
shares each tendered in the Jones Group LBO, together with interest.
Given the number of unknowns at this stage of the litigation, it is
not possible to predict the likely outcome of the Nine West MDL.

INTERNAL CONTROL RPT

Report of Independent Registered Public Accounting Firm


To the Board of Trustees of Nationwide Mutual Funds and Shareholders of
Nationwide American Century Small Cap Income Fund, Nationwide Amundi Global
High Yield Fund, Nationwide Amundi Strategic Income Fund, Nationwide Bailard
Cognitive Value Fund, Nationwide Bailard International Equities Fund,
Nationwide Bailard Technology & Science Fund, Nationwide BNY Mellon Core
Plus Bond ESG Fund, Nationwide BNY Mellon Disciplined Value Fund, Nationwide
BNY Mellon Dynamic U.S. Core Fund, Nationwide Bond Fund, Nationwide Bond
Index Fund, Nationwide Bond Portfolio, Nationwide Destination 2025 Fund,
Nationwide Destination 2030 Fund, Nationwide Destination 2035 Fund,
Nationwide Destination 2040 Fund, Nationwide Destination 2045 Fund,
Nationwide Destination 2050 Fund, Nationwide Destination 2055 Fund,
Nationwide Destination 2060 Fund, Nationwide Destination 2065 Fund,
Nationwide Destination Retirement Fund, Nationwide Diamond Hill Large Cap
Concentrated Fund, Nationwide Fund, Nationwide Geneva Mid Cap Growth Fund,
Nationwide Geneva Small Cap Growth Fund, Nationwide Global
Sustainable Equity Fund, Nationwide Government Money Market Fund,
Nationwide GQG US Quality Equity Fund, Nationwide Inflation-Protected
Securities Fund, Nationwide International Index Fund, Nationwide
International Small Cap Fund, Nationwide Investor Destinations Aggressive
Fund, Nationwide Investor Destinations Conservative Fund, Nationwide
Investor Destinations Moderate Fund, Nationwide Investor Destinations
Moderately Aggressive Fund, Nationwide Investor Destinations Moderately
Conservative Fund, Nationwide Janus Henderson Overseas
Fund, Nationwide Loomis All Cap Growth Fund, Nationwide Loomis Core Bond Fund,
Nationwide Loomis Short-Term Bond Fund, Nationwide Mid Cap Market Index Fund,
Nationwide Multi-Cap Portfolio, Nationwide NYSE Arca Tech 100 Index Fund,
Nationwide S&P 500 Index Fund, Nationwide Small Cap Index Fund, Nationwide
Small Company Growth Fund, Nationwide US 130/30 Equity Portfolio and
Nationwide WCM Focused Small Cap Fund

In planning and performing our audits of the financial statements of each of
the funds constituting Nationwide Mutual Funds as listed in Appendix A
(hereafter referred to as the "Funds") as of and for the periods ended
October 31, 2022, in accordance with the standards of the Public Company
Accounting Oversight Board (United States) (PCAOB), we considered the
Funds' internal control over financial reporting, including controls over
safeguarding securities, as a basis for designing our auditing procedures
for the purpose of expressing our opinion on the financial statements and
to comply with the requirements of Form N-CEN, but not for the purpose of
expressing an opinion on the effectiveness of the Funds' internal control
over financial reporting. Accordingly, we do not express an opinion on
the effectiveness of the Funds' internal control over financial
reporting.

The management of the Funds is responsible for establishing and maintaining
effective internal control over financial reporting. In fulfilling this
responsibility, estimates and judgments by management are required to assess
the expected benefits and related costs of controls. A company's internal
control over financial reporting is a process designed to provide reasonable
assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance
with generally accepted accounting principles. A company's internal control
over financial reporting includes those policies and procedures that
(1) pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and dispositions of the
assets of the company; (2) provide reasonable assurance that transactions
are recorded as necessary to permit preparation of financial statements in
accordance with generally accepted accounting principles, and that receipts
and expenditures of the company are being made only in accordance with
authorizations of management and trustees of the company; and (3) provide
reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use or disposition of a company's assets
that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial
reporting may not prevent or detect misstatements. Also, projections
of any evaluation of effectiveness to future periods are subject to
the risk that controls may become inadequate because of changes in
conditions, or that the degree of compliance with the policies or
procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the
design or operation of a control does not allow management or employees,
in the normal course of performing their assigned functions, to prevent
or detect misstatements on a timely basis. A material weakness is a
deficiency, or a combination of deficiencies, in internal control over
financial reporting, such that there is a reasonable possibility that
a material misstatement of the company's annual or interim financial
statements will not be prevented or detected on a timely basis.

Our consideration of the Funds' internal control over financial
reporting was for the limited purpose described in the first paragraph
and would not necessarily disclose all deficiencies in internal
control over financial reporting that might be material weaknesses
under standards established by the PCAOB. However, we noted no
deficiencies in the Funds' internal control over financial reporting
and its operation, including controls over safeguarding
securities, that we consider to be material weaknesses as
defined above as of October 31, 2022.

This report is intended solely for the information and use of
the Board of Trustees of Nationwide Mutual Funds and the Securities
and Exchange Commission and is not intended to be and should not
be used by anyone other than these specified parties.

/s/PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
December 22, 2022

Appendix A

Nationwide American Century Small Cap Income Fund
Nationwide Amundi Global High Yield Fund
Nationwide Amundi Strategic Income Fund
Nationwide Bailard Cognitive Value Fund
Nationwide Bailard International Equities Fund
Nationwide Bailard Technology & Science Fund
Nationwide BNY Mellon Core Plus Bond ESG Fund
Nationwide BNY Mellon Disciplined Value Fund
Nationwide BNY Mellon Dynamic U.S. Core Fund
Nationwide Bond Fund
Nationwide Bond Index Fund
Nationwide Bond Portfolio
Nationwide Destination 2025 Fund
Nationwide Destination 2030 Fund
Nationwide Destination 2035 Fund
Nationwide Destination 2040 Fund
Nationwide Destination 2045 Fund
Nationwide Destination 2050 Fund
Nationwide Destination 2055 Fund
Nationwide Destination 2060 Fund
Nationwide Destination 2065 Fund
Nationwide Destination Retirement Fund
Nationwide Diamond Hill Large Cap Concentrated Fund
Nationwide Fund
Nationwide Geneva Mid Cap Growth Fund
Nationwide Geneva Small Cap Growth Fund
Nationwide Global Sustainable Equity Fund
Nationwide Government Money Market Fund
Nationwide GQG US Quality Equity Fund
Nationwide Inflation-Protected Securities Fund
Nationwide International Index Fund
Nationwide International Small Cap Fund
Nationwide Investor Destinations Aggressive Fund
Nationwide Investor Destinations Conservative Fund
Nationwide Investor Destinations Moderate Fund
Nationwide Investor Destinations Moderately Aggressive Fund
Nationwide Investor Destinations Moderately Conservative Fund
Nationwide Janus Henderson Overseas Fund
Nationwide Loomis All Cap Growth Fund
Nationwide Loomis Core Bond Fund
Nationwide Loomis Short-Term Bond Fund
Nationwide Mid Cap Market Index Fund
Nationwide Multi-Cap Portfolio
Nationwide NYSE Arca Tech 100 Index Fund
Nationwide S&P 500 Index Fund
Nationwide Small Cap Index Fund
Nationwide Small Company Growth Fund
Nationwide US 130/30 Equity Portfolio*
Nationwide WCM Focused Small Cap Fund

* September 9, 2022 (commencement of operations) through October 31, 2022

FINANCIAL SUPPORT

Item G.1.a.ii. Provision of financial support
During the year ended October 31, 2022,
NFA agreed to make contributions to the
Funds to offset capital losses incurred
by the Funds on the sale of certain securities.
The contributions to the Funds were as follows:
Fund	                                         Amount
Investor Destinations Aggressive	       $352,223
Investor Destinations Moderately Aggressive	416,029
Investor Destinations Moderate	                237,709
Investor Destinations Moderately Conservative	 82,930
Investor Destinations Conservative	         95,348