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Nationwide Inflation-Protected Securities Fund
mutual fund
NIFIX
Payout Change
Pending
Price as of:
$9.03
-0.01
-0.11%
primary theme
TIPS
share class
NIFIX (Mutual Fund)
Nationwide Inflation-Protected Securities Fund
Payout Change
Pending
Price as of:
$9.03
-0.01
-0.11%
primary theme
TIPS
share class
NIFIX (Mutual Fund)
Nationwide Inflation-Protected Securities Fund
Payout Change
Pending
Price as of:
$9.03
-0.01
-0.11%
primary theme
TIPS
share class
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
3.7%
1 yr return
5.7%
3 Yr Avg Return
-1.5%
5 Yr Avg Return
1.9%
Net Assets
$181 M
Holdings in Top 10
54.3%
52 WEEK LOW AND HIGH
$9.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.36%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
NIFIX - Profile
Distributions
- YTD Total Return 3.7%
- 3 Yr Annualized Total Return -1.5%
- 5 Yr Annualized Total Return 1.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.83%
- Dividend Yield 3.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameNationwide Inflation-Protected Securities Fund
-
Fund Family NameNationwide Mutual Funds
-
Inception DateSep 17, 2012
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGary Hunt
Fund Description
Under normal circumstances, the Fund invests at least 80% of its net assets in fixed-income securities (or “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 Fund’s investment adviser and subadviser anticipate investing the Fund’s 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 fixed-income securities 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, 2023, the average portfolio duration of the Bloomberg U.S. TIPS Index was 5.95 years, although this will change or fluctuate over time. The Fund’s subadviser may sell securities in order to buy others that it believes will better serve the Fund’s objective.
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NIFIX - Performance
Return Ranking - Trailing
| Period | NIFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.7% | -11.1% | 11.9% | 34.83% |
| 1 Yr | 5.7% | -8.5% | 15.7% | 44.28% |
| 3 Yr | -1.5%* | -15.6% | 4.9% | 51.53% |
| 5 Yr | 1.9%* | -7.2% | 5.0% | 60.85% |
| 10 Yr | 2.1%* | -2.2% | 3.7% | 41.54% |
* Annualized
Return Ranking - Calendar
| Period | NIFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -0.6% | -8.7% | 5.1% | 77.89% |
| 2022 | -17.7% | -52.3% | -4.0% | 67.35% |
| 2021 | -0.7% | -7.9% | 7.7% | 81.77% |
| 2020 | 9.6% | -29.4% | 23.0% | 16.93% |
| 2019 | 6.4% | 0.8% | 16.7% | 18.09% |
Total Return Ranking - Trailing
| Period | NIFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.7% | -11.1% | 11.9% | 34.83% |
| 1 Yr | 5.7% | -8.5% | 15.7% | 44.28% |
| 3 Yr | -1.5%* | -15.6% | 4.9% | 51.53% |
| 5 Yr | 1.9%* | -7.2% | 5.0% | 60.85% |
| 10 Yr | 2.1%* | -2.2% | 3.7% | 41.54% |
* Annualized
Total Return Ranking - Calendar
| Period | NIFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.8% | -5.2% | 9.5% | 49.75% |
| 2022 | -12.2% | -40.1% | 9.2% | 69.39% |
| 2021 | 5.1% | -2.7% | 37.6% | 64.06% |
| 2020 | 11.0% | -0.5% | 27.5% | 25.93% |
| 2019 | 8.3% | 2.8% | 19.3% | 25.53% |
NAV & Total Return History
NIFIX - Holdings
Concentration Analysis
| NIFIX | Category Low | Category High | NIFIX % Rank | |
|---|---|---|---|---|
| Net Assets | 181 M | 963 K | 51.8 B | 86.07% |
| Number of Holdings | 53 | 2 | 1463 | 68.16% |
| Net Assets in Top 10 | 93.7 M | 913 K | 25.5 B | 75.62% |
| Weighting of Top 10 | 54.33% | 9.4% | 100.0% | 38.50% |
Top 10 Holdings
- U.S. Treasury Inflation Linked Notes 7.39%
- U.S. Treasury Inflation Linked Notes 7.30%
- U.S. Treasury Inflation Linked Notes 6.10%
- U.S. Treasury Inflation Linked Bonds 5.97%
- U.S. Treasury Inflation Linked Notes 5.18%
- U.S. Treasury Inflation Linked Bonds 5.17%
- U.S. Treasury Inflation Linked Notes 4.87%
- U.S. Treasury Inflation Linked Bonds 4.20%
- U.S. Treasury Inflation Linked Bonds 4.15%
- U.S. Treasury Inflation Linked Bonds 3.99%
Asset Allocation
| Weighting | Return Low | Return High | NIFIX % Rank | |
|---|---|---|---|---|
| Bonds | 93.61% | 0.00% | 206.20% | 79.60% |
| Other | 5.52% | -58.58% | 66.48% | 17.41% |
| Cash | 0.87% | -42.00% | 15.77% | 42.79% |
| Stocks | 0.00% | 0.00% | 100.03% | 33.83% |
| Preferred Stocks | 0.00% | 0.00% | 1.89% | 34.33% |
| Convertible Bonds | 0.00% | 0.00% | 3.96% | 54.23% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | NIFIX % Rank | |
|---|---|---|---|---|
| Government | 86.97% | 6.70% | 112.97% | 51.24% |
| Securitized | 5.56% | 0.00% | 58.03% | 22.39% |
| Derivative | 0.08% | -26.67% | 16.13% | 51.74% |
| Cash & Equivalents | 0.00% | 0.00% | 15.13% | 82.59% |
| Corporate | 0.00% | 0.00% | 50.64% | 75.12% |
| Municipal | 0.00% | 0.00% | 1.28% | 42.29% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | NIFIX % Rank | |
|---|---|---|---|---|
| US | 93.61% | 0.00% | 184.29% | 72.64% |
| Non US | 0.00% | 0.00% | 42.19% | 57.21% |
NIFIX - Expenses
Operational Fees
| NIFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.36% | 0.03% | 22.29% | 76.88% |
| Management Fee | 0.25% | 0.00% | 0.99% | 36.82% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.40% | 95.73% |
Sales Fees
| NIFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 4.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| NIFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| NIFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 246.00% | 3.30% |
NIFIX - Distributions
Dividend Yield Analysis
| NIFIX | Category Low | Category High | NIFIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.72% | 0.00% | 14.25% | 16.42% |
Dividend Distribution Analysis
| NIFIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
| NIFIX | Category Low | Category High | NIFIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.83% | -0.06% | 6.71% | 48.99% |
Capital Gain Distribution Analysis
| NIFIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 09, 2024 | $0.084 | OrdinaryDividend |
| Jun 10, 2024 | $0.182 | OrdinaryDividend |
| Mar 11, 2024 | $0.011 | OrdinaryDividend |
| Dec 20, 2023 | $0.092 | OrdinaryDividend |
| Sep 11, 2023 | $0.113 | OrdinaryDividend |
| Jun 12, 2023 | $0.161 | OrdinaryDividend |
| Mar 13, 2023 | $0.019 | OrdinaryDividend |
| Dec 29, 2022 | $0.015 | OrdinaryDividend |
| Dec 21, 2022 | $0.033 | OrdinaryDividend |
| Sep 12, 2022 | $0.256 | OrdinaryDividend |
| Jun 06, 2022 | $0.234 | OrdinaryDividend |
| Mar 07, 2022 | $0.096 | OrdinaryDividend |
| Dec 29, 2021 | $0.041 | OrdinaryDividend |
| Dec 21, 2021 | $0.230 | OrdinaryDividend |
| Dec 21, 2021 | $0.114 | CapitalGainShortTerm |
| Dec 21, 2021 | $0.013 | CapitalGainLongTerm |
| Sep 07, 2021 | $0.142 | OrdinaryDividend |
| Jun 07, 2021 | $0.065 | OrdinaryDividend |
| Mar 08, 2021 | $0.023 | OrdinaryDividend |
| Dec 21, 2020 | $0.063 | OrdinaryDividend |
| Jun 08, 2020 | $0.061 | OrdinaryDividend |
| Mar 09, 2020 | $0.015 | OrdinaryDividend |
| Dec 18, 2019 | $0.018 | OrdinaryDividend |
| Sep 09, 2019 | $0.076 | OrdinaryDividend |
| Jun 07, 2019 | $0.081 | OrdinaryDividend |
| Dec 18, 2018 | $0.070 | ExtraDividend |
| Sep 10, 2018 | $0.060 | OrdinaryDividend |
| Jun 08, 2018 | $0.060 | OrdinaryDividend |
| Dec 18, 2017 | $0.061 | OrdinaryDividend |
| Sep 11, 2017 | $0.078 | OrdinaryDividend |
| Jun 09, 2017 | $0.038 | OrdinaryDividend |
| Mar 10, 2017 | $0.009 | OrdinaryDividend |
| Dec 16, 2014 | $0.012 | OrdinaryDividend |
| Sep 16, 2014 | $0.035 | OrdinaryDividend |
| Jun 13, 2014 | $0.016 | OrdinaryDividend |
| Dec 19, 2012 | $0.008 | OrdinaryDividend |
NIFIX - Fund Manager Analysis
Managers
Gary Hunt
Start Date
Tenure
Tenure Rank
Sep 17, 2012
9.71
9.7%
Gary R. Hunt, CFA, joined Nationwide Mutual, the parent company of NWAM, in 1992 as a securities analyst. He is currently a Senior Investment Professional and manages or co-manages multi-asset class portfolios for Nationwide Mutual and its affiliates. Mr. Hunt earned his bachelor’s degree in business administration, an MBA from The Ohio State University and is a CFA® charterholder
Chad Finefrock
Start Date
Tenure
Tenure Rank
Aug 12, 2016
5.8
5.8%
Mr. Finefrock joined Nationwide Mutual, the parent company of NWAM, in 2001. He is a Senior Investment Professional and is responsible for trading U.S. Treasury securities, U.S. government agency debt securities, mortgage-backed securities and derivatives for Nationwide and affiliates. Mr. Finefrock earned a bachelor’s degree in risk management and insurance from The Ohio State University, an MBA from the University of Oxford and is a CFA® charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.17 | 20.51 | 6.56 | 11.1 |
