Nationwide Fund Advisors recently filed their 13F report for the fourth quarter of 2022, which ended on 2022-12-31.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
Nationwide Fund Advisors is an investment management company that largely provides its services to investment companies. The company acts as a subsidiary of Nationwide Financial Services, specifically as a subadvisor to the various funds that the company offers, and was founded in 1999. The company is headquartered out of King of Prussia, Pennsylvania and has another office located in Columbus, Ohio. Nationwide Fund Advisors manages mutual funds for its clients and invests its assets in public equity and fixed income markets, investing in growth and value stocks of companies in a variety of sizes across the board for its equity portfolio. The company emphasizes its asset investments in the services, technology, and financial sectors, which together make up over half of its total allocated assets, and also invests in healthcare, energy, consumer noncyclical, capital goods, and basic materials sectors, among others, listed in order of decreasing asset allocation. The company has approximately $89 billion in total assets under management that is spread across 113 accounts, averaging out to around $785 million each. Nationwide Fund Advisors currently has 98 employees taking care of its accounts with 37 broker dealer registered representatives. Although its number of accounts under management has not made much of an increase since 2010, only moving up by about 20, the company’s total assets under management has almost tripled from its amount held just five years prior. Most of the company’s clients are investment companies, which alone make up over 90% of its total number of accounts, but also caters to pooled investment vehicles, which make up the rest of its held accounts. Nationwide Fund Advisors manages security portfolios and other management services for its clients as well as the selection of further subadvisors to take care of its investment business and generates its revenue through taking a percentage of held assets.
As of the latest 13F report, the guru’s equity portfolio contained 6 stocks valued at a total of $977.00Mil. The top holdings were IEMG(32.66%), IEF(25.65%), and IJR(15.34%).
According to GuruFocus data, these were Nationwide Fund Advisors’s top five trades of the quarter.
iShares 1-3 Year Credit Bond ETF
The guru sold out of their 400,000-share investment in NAS:IGSB. Previously, the stock had a 2.01% weight in the equity portfolio. Shares traded for an average price of $49.4 during the quarter.
On 01/27/2023, iShares 1-3 Year Credit Bond ETF traded for a price of $50.56 per share and a market cap of $24.01Bil. The stock has returned -3.36% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
iShares Core MSCI Emerging Markets ETF
During the quarter, Nationwide Fund Advisors bought 384,260 shares of ARCA:IEMG for a total holding of 6,835,016. The trade had a 1.84% impact on the equity portfolio. During the quarter, the stock traded for an average price of $44.98.
On 01/27/2023, iShares Core MSCI Emerging Markets ETF traded for a price of $52.12 per share and a market cap of $73.52Bil. The stock has returned -7.98% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Core MSCI Emerging Markets ETF has a price-earnings ratio of 10.93 and a price-book ratio of 1.57.
iShares U.S. Treasury Bond ETF
Nationwide Fund Advisors reduced their investment in BATS:GOVT by 499,308 shares. The trade had a 1.16% impact on the equity portfolio. During the quarter, the stock traded for an average price of $22.65.
On 01/27/2023, iShares U.S. Treasury Bond ETF traded for a price of $23.32 per share and a market cap of $21.70Bil. The stock has returned -8.30% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
iShares 7-10 Year Treasury Bond ETF
Nationwide Fund Advisors reduced their investment in NAS:IEF by 91,999 shares. The trade had a 0.9% impact on the equity portfolio. During the quarter, the stock traded for an average price of $95.68000000000001.
On 01/27/2023, iShares 7-10 Year Treasury Bond ETF traded for a price of $99.18000000000001 per share and a market cap of $24.64Bil. The stock has returned -9.66% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
iShares Core S&P Small-Cap ETF
Nationwide Fund Advisors reduced their investment in ARCA:IJR by 77,543 shares. The trade had a 0.75% impact on the equity portfolio. During the quarter, the stock traded for an average price of $95.59.
On 01/27/2023, iShares Core S&P Small-Cap ETF traded for a price of $101.81 per share and a market cap of $69.98Bil. The stock has returned -1.15% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Core S&P Small-Cap ETF has a price-earnings ratio of 12.26 and a price-book ratio of 1.76.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.
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