1 / 5 Stars
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
2 / 5 Stars
U.S. News evaluated 53 Ultrashort Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 0.16 percent over the past year, 0.23 percent over the past three years, 0.65 percent over the past five years, and 1.80 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.0%|
|3 Years (Annualized)||0.2%|
|5 Years (Annualized)||0.7%|
|10 Years (Annualized)||1.8%|
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.
Fees are High compared to funds in the same category.
Nationwide Enhanced Income Fund has an expense ratio of 0.73 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.