Investment objective & strategy
As of Feb. 19, 2026 · prospectusObjective. The Nationwide Inflation-Protected Securities Fund seeks to provide inflation protection and income consistent with investment in inflation-indexed securities.
Strategy. Under normal circumstances, the Fund invests at least 80% of its net assets in bonds that are indexed or linked to the rate of inflation in the United States. Such inflation-protected securities are designed to protect the future purchasing power of the money invested in them. For the foreseeable future, the Funds investment adviser and subadviser anticipate investing the Funds assets primarily in Treasury Inflation Protected Securities (TIPS), which are inflation-adjusted securities issued by the U.S. Treasury. Nevertheless, the Fund has the flexibility to invest in other inflation-linked U.S. government securities, as well as inflation-linked securities issued by entities such as domestic and foreign corporations and governments, so long as they are investment grade at the time of their purchase. … Under normal circumstances, the Fund invests at least 80% of its net assets in bonds that are indexed or linked to the rate of inflation in the United States. Such inflation-protected securities are designed to protect the future purchasing power of the money invested in them. For the foreseeable future, the Funds investment adviser and subadviser anticipate investing the Funds assets primarily in Treasury Inflation Protected Securities (TIPS), which are inflation-adjusted securities issued by the U.S. Treasury. Nevertheless, the Fund has the flexibility to invest in other inflation-linked U.S. government securities, as well as inflation-linked securities issued by entities such as domestic and foreign corporations and governments, so long as they are investment grade at the time of their purchase. The Fund may invest up to 20% of its net assets in bonds that are not linked to inflation. These securities may include other debt securities issued by the U.S. government, its agencies or instrumentalities, corporations or other non-governmental issuers. In selecting securities, the subadviser typically maintains an average portfolio duration that is up to one year greater than or less than the average portfolio duration of the Bloomberg U.S. TIPS Index. As of December 31, 2025, the average portfolio duration of the Bloomberg U.S. TIPS Index was 4.64 years, although this will change or fluctuate over time. The Funds subadviser may sell securities in order to buy others that it believes will better serve the Funds objective.
Top holdings
As of April 30, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/8% 07/15/2027 | TII | $11.37M | 7.46% |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 3-5/8% 04/15/28 | US28AP | $9.57M | 6.28% |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 07/15/2031 | TII | $9.19M | 6.03% |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-5/8% 10/15/27 | TII | $8.97M | 5.89% |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-3/4% 01/15/28 | TII | $7.61M | 4.99% |
| U.S. Treasury Notes 0.125%, Due 1/15/2030 | TII | $7.34M | 4.82% |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-5/8% 02/15/2043 | TII | $7.20M | 4.73% |
| TENN VALLEY AUTH | — | $7.19M | 4.72% |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 3-7/8% 04/15/29 | TN29 | $7.09M | 4.66% |
| U.S. Treasury Inflation-Protected Indexed Bonds | TII | $6.72M | 4.42% |
Portfolio moves
Jan 31, 2026 → Apr 30, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| State Street(R) SPDR(R) Portfolio TIPS ETF · SPIP | 52% | 0.12% |
| Fidelity SAI Inflation-Protected Bond Index Fund · FSPWX | 50% | 0.05% |
| WisdomTree TIPS Digital Fund · TIPSX | 50% | 0.05% |
Advisers
| Firm | Role |
|---|---|
| Nationwide Fund Advisors | Adviser |
| NATIONWIDE ASSET MANAGEMENT, LLC | Sub-adviser |
Footnotes
- Expense ratio as of February 19, 2026, from the fund's prospectus.
- Net assets and holdings count as of April 30, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.