Investment objective & strategy
As of April 24, 2025 · prospectusObjective. The NVIT Government Bond Fund seeks as high a level of current income as is consistent with preserving capital.
Strategy. Under normal circumstances, the Fund invests at least 80% of its net assets in bonds and other securities issued by the U.S. government and its agencies and instrumentalities. Many of these securities include mortgage-backed securities. The Funds subadviser seeks to achieve the Funds objective by investing in securities offering the highest level of expected income while simultaneously minimizing market price fluctuations. 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. Government/Mortgage Index. As of December 31, 2024, the average portfolio duration of the Bloomberg U.S. Government/Mortgage Index was 4.58 years, although this will change or fluctuate over time. The … Under normal circumstances, the Fund invests at least 80% of its net assets in bonds and other securities issued by the U.S. government and its agencies and instrumentalities. Many of these securities include mortgage-backed securities. The Funds subadviser seeks to achieve the Funds objective by investing in securities offering the highest level of expected income while simultaneously minimizing market price fluctuations. 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. Government/Mortgage Index. As of December 31, 2024, the average portfolio duration of the Bloomberg U.S. Government/Mortgage Index was 4.58 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 March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| TENN VALLEY AUTH | — | $13.36M | 4.81% |
| RFC PRIN STRIP | RFC30B | $12.90M | 4.65% |
| US TREASURY N/B | — | $9.37M | 3.37% |
| UMBS | FHLMC | $9.17M | 3.30% |
| US TREASURY N/B | — | $7.19M | 2.59% |
| FHMS K-157 A2 | — | $7.08M | 2.55% |
| US TREASURY N/B | — | $6.69M | 2.41% |
| UMBS | — | $6.31M | 2.27% |
| FNMA | — | $6.01M | 2.16% |
| TENN VALLEY AUTH | — | $5.78M | 2.08% |
Portfolio moves
Dec 31, 2025 → Mar 31, 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. |
|---|---|---|
| NORTH SQUARE MCKEE BOND FUND · NMKYX, NMKBX | 12% | 0.28% |
| Fidelity Investment Grade Bond ETF · FIGB | 10% | 0.36% |
| Federated Hermes Total Return Bond ETF · FTRB | 10% | 0.39% |
Advisers
| Firm | Role |
|---|---|
| Nationwide Fund Advisors | Adviser |
| NATIONWIDE ASSET MANAGEMENT, LLC | Sub-adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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