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        <name>Applied Materials, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Assurant, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Berkshire Hathaway, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bristol-Myers Squibb Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CME Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CSX Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Capital One Financial Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Carlisle Cos., Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Caterpillar, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cisco Systems, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Citigroup, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Colgate-Palmolive Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Columbia Banking System, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Constellation Energy Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Deckers Outdoor Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Delta Air Lines, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Diamondback Energy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Walt Disney Co. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Dolby Laboratories, Inc.</name>
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        <name>Dover Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NOMURA SECURITIES INTERNATIONAL INC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Ford Motor Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Gilead Sciences, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Honeywell International, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Hubbell, Inc.</name>
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        <name>International Business Machines Corp.</name>
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        <name>International Paper Co.</name>
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        <name>Las Vegas Sands Corp.</name>
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        <name>Estee Lauder Cos., Inc. (The)</name>
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        <name>Lowe's Cos., Inc.</name>
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        <name>Marathon Petroleum Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Morgan Stanley</name>
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        <name>Aon plc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>CRH plc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Medtronic plc</name>
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        <curCd>USD</curCd>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Seagate Technology Holdings plc</name>
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          <isin value="IE00BKVD2N49"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alcon AG</name>
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        <invCountry>CH</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Chubb Ltd.</name>
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          <isin value="CH0044328745"/>
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        <curCd>USD</curCd>
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        <invCountry>CH</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>CNH Industrial NV</name>
        <lei>549300WGC2HZ5J67V817</lei>
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          <isin value="NL0010545661"/>
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        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>S&amp;P 500 E-Mini Index</title>
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          <other otherDesc="Inhouse Sedol" value="O587F5A"/>
          <other otherDesc="Option Ticker" value="3EK6C 7050 Index"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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            <writtenOrPur>Purchased</writtenOrPur>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Sedol" value="P9F974E"/>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Sedol" value="RVYM6ID"/>
          <other otherDesc="Future Ticker" value="RVYM6 Index"/>
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        <fairValLevel>1</fairValLevel>
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            <expDate>2026-06-18</expDate>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Sedol" value="USM6COM"/>
          <other otherDesc="Future Ticker" value="USM6 Comdty"/>
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        <curCd>USD</curCd>
        <valUSD>-3405477.45000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>CME Clearing House</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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            <expDate>2026-06-18</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-06-01</ncom:dateSigned>
      <ncom:nameOfApplicant>Nationwide Mutual Funds</ncom:nameOfApplicant>
      <ncom:signature>David Majewski</ncom:signature>
      <ncom:signerName>David Majewski</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
