The investment seeks a high level of current income while preserving capital and minimizing fluctuations in share value. The fund invests primarily in investment grade corporate bonds, U.S. government securities, and mortgage-backed and asset-backed securities. In choosing securities, the subadviser attempts to identify securities that, in its opinion, offer the best combination of yield, maturity and relative price performance, based on anticipated changes in interest rates and the price relationships among various types of fixed-income securities. It is managed so that its duration will be between six months and one year, and will not exceed two years.
Fund filings (PDF) »

Asset managers:
Perpetua Phillips (Started: Dec 29, 1999)
Paul Rocheleau (Started: Dec 31, 2008)

Advisor Company:
Nationwide Fund Advisors
Fund family reports on Morningstar »

	1 year	3 years	5 years	10 years
Alpha*	0.16	0.13	0.32	-0.10
Beta*	0.05	0.06	0.12	0.15
Mean annual return	0.04	0.05	0.10	0.18
R-squared*	12.46	21.88	32.49	47.49
Standard deviation	0.26	0.32	0.75	0.89
Sharpe ratio	1.27	1.42	1.28	0.51
* Against standard index

Risk measurement details »

Security	Net Assets
Wells Fargo Co Mtn Be FRN	1.25%
Aep Texas Ctr Fdg 2006-2 5.09%	1.11%
WACHOVIA CMBS 2006-C23	1.00%
Amer Intl Grp 4.25%	0.98%
Directv Hldgs Llc / Directv 4.75%	0.98%
Dow Chem 5.9%	0.97%
Kinder Morgan Engy Partners 5.125%	0.96%
Autozone 5.75%	0.96%
Merc-Benz Auto Recv Tr 2011-1 1.22%	0.95%
Valero Engy Corp New 4.5%	0.94%

Holdings Performance »