The Fund seeks a high level of current income while preserving capital and minimizing fluctuations in share value.
Under normal circumstances, the Fund invests primarily in high-grade corporate bonds, U.S. government securities, and mortgage-backed and asset-backed securities. The securities may pay interest on either a fixed-rate or variable-rate basis.
Perpetua M. Phillips and Paul Rocheleau are responsible for the day-to-day management of the Fund, including selection of the Fund's investments. Nationwide Fund Distributors LLC is not an affiliate of Morley Capital Management, Inc.