Nationwide Launches World Bond Fund
Columbus, OH - Nationwide is adding to its menu of global fixed income funds that will offer investors the opportunity to diversify their bond exposure with the Nationwide Amundi World Bond Fund that will launch today.
“The fixed income markets have become increasingly global, which offers investors the opportunity to combat home bias and generate returns beyond the United States,” said Mike Spangler, president of Nationwide Funds. “This fund will provide investors with diversification within their core bond exposure and an allocation that may anchor a portfolio during periods of market stress.”
The Nationwide Amundi World Bond Fund (Class A: NWWWX; Class C: NWXMX; Institutional Class: NWWYX; Institutional Service Class: NWWZX) invests, under normal circumstances, at least 80% of its net assets in fixed-income securities. These securities may include U.S. government securities and foreign government bonds, as well as U.S. and foreign corporate bonds, mortgage-backed securities and asset-backed securities. The Fund normally invests in issuers located in at least five countries (of which one may be the United States) and may invest in both developed and emerging market countries. The investment objective for the Fund is to deliver total return.
The Fund is managed by P. Adrian Helfert and Jerome Barkate, CFA, who are responsible for the day-to-day portfolio management of the Fund.
This will be third Nationwide fund subadvised by Amundi Smith Breeden. Last November Nationwide launched the Nationwide Amundi Global High Yield and the Nationwide Amundi Strategic Income Fund.
Amundi Smith Breeden in Durham, N.C., serves as the North American investment headquarters for Amundi, a $1.24 trillion global asset manager with six investment centers across the U.S., Europe and Asia. Widely recognized for its 32-year commitment to developing proprietary fixed-income research, Amundi Smith Breeden provides investment solutions managing portfolios for corporate and public pensions, foundations, endowments, insurance companies, private banks and sovereign funds with some relationships extending more than 20 years.
“The Nationwide Amundi World Bond Fund offers investors a way to further diversify their portfolio away from concentrated U.S. duration exposure where the threat of rising rates continues to loom large,” said Spangler.
A strategic partner to advisors, Nationwide provides a full family of subadvised mutual funds designed to help meet the unique investment goals and risk tolerances of investors. Nationwide currently manages 116 funds with approximately $61 billion in assets, excluding fund of funds.
Investors interested in learning more about Nationwide’s mutual funds should contact their financial professional or click here. Financial professionals interested in learning more should call the Nationwide Funds Group sales desk at 877-877-5083, option 3, or visit the website.
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by both A.M. Best and Standard & Poor’s. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com. Follow us on Facebook and Twitter.
Call 800-848-0920 to request a summary prospectus and/or a prospectus, or download prospectuses at nationwide.com/mutualfunds. These prospectuses outline investment objectives, risks, fees, charges and expenses, and other information that you should read and consider carefully before investing.
The Fund is subject to the risks of investing in fixed-income securities (including high-yield bonds), and including default risk and interest rate risk. Funds that invest in high-yield securities are subject to greater default risk, liquidity risk, and price fluctuations than funds that invest in higher-quality securities. The prices of high-yield bonds tend to be more sensitive to adverse economic and business conditions than are higher-rated corporate bonds. Increased volatility may reduce the market value of high-yield bonds. They are also subject to the claims paying ability of the issuing company. The Fund may invest in sovereign debt (a governmental entity may delay or refuse to pay interest or repay principal). The Fund also is subject to the risks of investing in foreign securities (currency fluctuations, political risks, differences in accounting and limited availability of information, all of which are magnified in emerging markets). The Fund may concentrate on specific countries, subjecting it to greater volatility than that of other mutual funds. The Fund may hold larger positions in fewer securities and financial instruments than other funds; therefore a change in value of a single security or instrument may have a substantial impact on the Fund's value and total return. The Fund may invest in more-aggressive investments such as derivatives (many of which create investment leverage and illiquidity, and are highly volatile). Please refer to the most recent prospectus for a more detailed explanation of the Fund’s principal risks.
Nationwide Funds Group (NFG) comprises Nationwide Fund Advisors, Nationwide Fund Distributors LLC and Nationwide Fund Management LLC. Together they provide advisory, distribution and administration services, respectively, to Nationwide Funds. Nationwide Fund Advisors (NFA) is the investment adviser to Nationwide Funds.
Nationwide Funds distributed by Nationwide Fund Distributors LLC (NFD), member FINRA, King of Prussia, Pa. NFD is not affiliated with any subadviser contracted by Nationwide Fund Advisors (NFA), with the exception of Nationwide Asset Management, LLC (NWAM).