The Fund seeks to provide current income consistent with capital preservation and, secondarily, capital appreciation. The Fund is a “fund of funds” that invests in affiliated Nationwide Mutual Funds and unaffiliated mutual funds (including exchange-traded funds) representing a variety of asset classes tailored for investors who have already retired or have reached the approximate age of 85 years. Currently the Fund seeks to generate income and preserve capital by investing in bonds and money market instruments. To a lesser extent, it also seeks to provide growth of capital by investing in stocks of U.S. companies.
The Fund's principal value is not guaranteed at any time.