The Fund seeks as high a level of current income as is consistent with preserving capital and maintaining liquidity. The Fund is a money market fund that seeks to maintain a stable net asset value of $1.00 per share.
Investment strategy
The Fund invests in a portfolio of high-quality, fixed-income securities that mature in 397 days or less. These securities generally are issued by banks, corporations and the U.S. government, and may include asset-backed securities as well as obligations of states, municipalities and foreign governments. The Fund will maintain a dollar-weighted average maturity of no more than 60 days and a weighted average life of no more than 120 days.
Nationwide Fund Distributors LLC is not an affiliate of Federated Investment Management Co.
Fund documents
You can find more detailed information about the Fund in the summary prospectus, prospectus and other fund documents. You should carefully read the documents before investing.
Holdings
Definitions
Amortized Cost
A money market fund method of valuation where a fund values its portfolio securities at their acquisition cost as adjusted for amortization of premium or accretion of discount.
Effective Maturity
The final date on which the principal will be paid based upon the speed of prepayment.
Maturity
The date when the principal amount of a note, bond, or other debt instrument becomes due for payment.
Weighted Average Life (WAL)
For money market funds, WAL is calculated in the same manner as the Weighted Average Maturity (WAM), but is based solely on the periods of time remaining until the securities held in the fund's portfolio (a) are scheduled to be repaid or (b) would be repaid upon a demand by the fund without reference to when interest rates of securities within the fund are scheduled to be readjusted.
Weighted Average Maturity (WAM)
For money market funds, WAM is the mean average of the periods of time remaining until the securities held in the fund's portfolio (a) are scheduled to be repaid, (b) would be repaid upon a demand by the fund or (c) are scheduled to have their interest rate readjusted to reflect current market rates. Securities with adjustable rates payable upon demand are treated as maturing on the earlier of the two dates if their scheduled maturity is 397 days or less, and the later of the two dates if their scheduled maturity is more than 397 days. The mean is weighted based on the percentage of the amortized cost of the portfolio invested in each period.
