$DWAS

The Nationwide International Small Cap Fund's Q4 2025 commentary highlights strong performance in small-cap international stocks, citing increased consumer spending and favorable trade conditions. The fund reported a 15% year-over-year growth, indicating robust economic recovery in overseas markets. Managers are optimistic about continued growth, particularly in technology and healthcare sectors. However, ongoing geopolitical tensions and inflation concerns may pose risks to future performance. Investors are encouraged to consider diversifying into international small caps as a hedge against domestic market fluctuations.