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Morningstar

Nationwide Bond A NBDAX

Morningstar Medalist Rating
Medalist Rating as of | See Nationwide Investment Hub
  • NAV / 1-Day Return 8.17  /  +0.40 %
  • Total Assets 277.2 Mil
  • Adj. Expense Ratio
    0.760%
  • Expense Ratio 0.760%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 2,000
  • Status Open
  • TTM Yield 3.52%
  • Effective Duration 5.90 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:17 PM GMT+0

Morningstar’s Analysis NBDAX

Will NBDAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NBDAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NBDAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of NBDAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Nationwide Bond A's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings NBDAX

More NBDAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 46.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

US 2 Year Note (CBT) Sept14

24.30 68.3 Mil
Government

United States Treasury Bonds 2%

3.92 11.0 Mil
Government

Federal National Mortgage Association 2%

2.65 7.4 Mil
Securitized

5 Year Treasury Note Future Sept 24

2.48 7.0 Mil
Government

Federal Home Loan Mortgage Corp. 2.5%

2.32 6.5 Mil
Securitized

Federal National Mortgage Association 4%

2.23 6.3 Mil
Securitized

United States Treasury Bonds 2.25%

2.18 6.1 Mil
Government

US 10 Year Note (CBT) Sept14

2.13 6.0 Mil
Government

United States Treasury Notes 3%

2.12 6.0 Mil
Government

Fnma Pass-Thru I 2%

2.00 5.6 Mil
Securitized