Nationwide's Small Company Growth Fund uses "growth style" strategy

By Toni Weeks

San Diego, Dec. 13 - Nationwide Funds announced the launch of its Nationwide Small Company Growth Fund, according to an N-1A filing with the Securities and Exchange Commission.

The fund will employ a "growth style" of investing, focusing on exceptional small companies purchased early in their corporate life cycle whose earnings are expected to grow consistently faster than those of other small companies and who have the potential to become exceptional large companies.

The fund seeks long-term capital appreciation with current income as a secondary consideration. Under normal circumstances, the fund will invest at least 80% of its net assets in common stocks of small-capitalization companies.

The portfolio management team includes Keith Lee, Robert Hall, Kempton Ingersol and Amy Zhang from Brown Capital Management, LLC, the fund's subadviser.

The maximum sales charge will be 5.75% of the offering price for class A shares and zero for institutional service class shares. The minimum initial investment for class A shares is $2,000 and, for institutional service class shares, $50,000.

The fund's adviser, King of Prussia, Pa.-based Nationwide Fund Advisors, will limit its operating expenses to 0.94% for all share classes until at least Feb. 28, 2013.

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