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Trending ETFs

Nationwide Destination Retirement Fund

mutual fund
NWEAX
Payout Change
Pending
Price as of:
$7.83 +0.01 +0.13%
primary theme
Target Date
share class
R (NWEBX) Instl (NWESX) R6 (NWEIX) A (NWEAX)
NWEAX (Mutual Fund)

Nationwide Destination Retirement Fund

Payout Change
Pending
Price as of:
$7.83 +0.01 +0.13%
primary theme
Target Date
share class
R (NWEBX) Instl (NWESX) R6 (NWEIX) A (NWEAX)
NWEAX (Mutual Fund)

Nationwide Destination Retirement Fund

Payout Change
Pending
Price as of:
$7.83 +0.01 +0.13%
primary theme
Target Date
share class
R (NWEBX) Instl (NWESX) R6 (NWEIX) A (NWEAX)

Name

As of 12/06/2024

Price

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

Nationwide Destination Retirement Fund

NWEAX | Fund

$7.83

$103 M

0.98%

$0.08

0.93%

Vitals

YTD Return

9.1%

1 yr return

12.4%

3 Yr Avg Return

1.4%

5 Yr Avg Return

4.7%

Net Assets

$103 M

Holdings in Top 10

100.0%

52 WEEK LOW AND HIGH

$7.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.93%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 33.36%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/06/2024

Price

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

Nationwide Destination Retirement Fund

NWEAX | Fund

$7.83

$103 M

0.98%

$0.08

0.93%

NWEAX - Profile

Distributions

  • YTD Total Return 9.1%
  • 3 Yr Annualized Total Return 1.4%
  • 5 Yr Annualized Total Return 4.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.22%
DIVIDENDS
  • Dividend Yield 1.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Nationwide Destination Retirement Fund
  • Fund Family Name
    Nationwide
  • Inception Date
    Aug 30, 2007
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Christopher Graham

Fund Description

The Fund is a “fund-of-funds” that invests primarily in affiliated mutual funds representing a variety of asset classes. The Fund invests in a professionally selected mix of different asset classes that is tailored for investors who have already retired. Currently the Fund primarily seeks income, and therefore invests in bonds of U.S. and international issuers (including mortgage-backed and asset-backed securities) in order to generate investment income, and secondarily seeks capital growth, investing a smaller portion in equity securities, such as common stocks of U.S. and international companies. As of January 31, 2024, the Fund allocated approximately 67% of its net assets in fixed-income securities, approximately 23% in U.S. stocks (including smaller company stocks), and approximately 10% in international stocks.The Fund invests primarily in affiliated portfolios of Nationwide Mutual Funds, but also may invest in unaffiliated exchange-traded funds (each, an “Underlying Fund” or collectively, “Underlying Funds”), that collectively represent several asset classes. Certain Underlying Funds are actively managed, and other Underlying Funds are “index” funds that invest directly in equity securities, bonds or other securities with a goal of obtaining investment returns that closely track a benchmark stock or bond index. Some Underlying Funds use futures, swaps and options, which are derivatives, either to hedge against investment risks, to obtain exposure to certain securities or groups of securities, to take short positions in certain securities, or otherwise to increase returns. Although the Fund seeks to provide diversification across several asset classes, the Fund invests a significant portion of its assets in a small number of issuers (i.e., Underlying Funds). However, the Fund may invest directly in securities and derivatives (futures, options, and swaps) in addition to investing in Underlying Funds. Further, the Underlying Funds in which the Fund invests generally are diversified.The Fund assumes that its investors have already retired at the age of 65, and that such investors seek both investment income and capital preservation, combined with a smaller emphasis on capital growth.
Read More

NWEAX - Performance

Return Ranking - Trailing

Period NWEAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.1% 1.4% 15.1% 51.91%
1 Yr 12.4% 2.2% 16.0% 44.81%
3 Yr 1.4%* -3.1% 4.9% 49.72%
5 Yr 4.7%* 0.7% 6.3% 19.50%
10 Yr 4.7%* 1.9% 5.4% 16.46%

* Annualized

Return Ranking - Calendar

Period NWEAX Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% -9.8% 12.8% 51.37%
2022 -17.9% -38.3% -3.8% 84.15%
2021 -3.2% -9.1% 10.3% 77.90%
2020 5.9% -13.4% 12.6% 41.88%
2019 7.2% -1.1% 13.9% 70.15%

Total Return Ranking - Trailing

Period NWEAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.1% 1.4% 15.1% 51.91%
1 Yr 12.4% 2.2% 16.0% 44.81%
3 Yr 1.4%* -3.1% 4.9% 49.72%
5 Yr 4.7%* 0.7% 6.3% 19.50%
10 Yr 4.7%* 1.9% 5.4% 16.46%

* Annualized

Total Return Ranking - Calendar

Period NWEAX Return Category Return Low Category Return High Rank in Category (%)
2023 10.9% -9.8% 15.4% 38.25%
2022 -14.3% -16.9% -2.9% 83.61%
2021 8.6% -3.8% 10.3% 11.60%
2020 10.4% -13.4% 16.6% 38.75%
2019 14.7% 6.9% 25.2% 37.31%

NAV & Total Return History

NWEAX - Holdings

Concentration Analysis

NWEAX Category Low Category High NWEAX % Rank
Net Assets 103 M 3.58 M 35.6 B 70.65%
Number of Holdings 10 2 1478 86.96%
Net Assets in Top 10 101 M 3.08 M 36.5 B 64.13%
Weighting of Top 10 100.01% 4.6% 124.2% 8.52%

Top 10 Holdings

  1. Nationwide Bond Portfolio, Class R6 44.19%
  2. Nationwide Fundamental All Cap Equity Portfolio, Class R6 16.21%
  3. Nationwide International Index Fund, Class R6 8.59%
  4. Fidelity Investments Money Market Government Portfolio - Institutional Class 8.05%
  5. Nationwide Inflation-Protected Securities Fund, Class R6 6.84%
  6. Nationwide U.S. 130/30 Equity Portfolio, Class R6 5.96%
  7. Nationwide Amundi Strategic Income Fund, Class R6 5.83%
  8. Nationwide Mid Cap Market Index Fund, Class R6 1.81%
  9. iShares Core MSCI Emerging Markets ETF 1.51%
  10. iShares 20+ Year Treasury Bond ETF 1.01%

Asset Allocation

Weighting Return Low Return High NWEAX % Rank
Cash 		8.05% -24.70% 53.61% 18.48%
Convertible Bonds 		1.12% 0.00% 6.56% 28.26%
Stocks 		0.00% 0.00% 100.21% 91.85%
Preferred Stocks 		0.00% 0.00% 11.70% 79.89%
Other 		0.00% -0.01% 5.62% 71.20%
Bonds 		0.00% 0.00% 109.30% 88.59%

NWEAX - Expenses

Operational Fees

NWEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.93% 0.05% 13.27% 33.88%
Management Fee 0.13% 0.00% 0.78% 48.84%
12b-1 Fee 0.25% 0.00% 1.00% 46.88%
Administrative Fee 0.25% 0.01% 0.29% 87.88%

Sales Fees

NWEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.75% 5.75% 21.05%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

NWEAX 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.

NWEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 33.36% 0.00% 121.26% 58.44%

NWEAX - Distributions

Dividend Yield Analysis

NWEAX Category Low Category High NWEAX % Rank
Dividend Yield 0.98% 0.00% 9.37% 5.43%

Dividend Distribution Analysis

NWEAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Monthly

Net Income Ratio Analysis

NWEAX Category Low Category High NWEAX % Rank
Net Income Ratio 2.22% -0.06% 5.71% 19.19%

Capital Gain Distribution Analysis

NWEAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Semi-Annually

Distributions History

View More +

NWEAX - Fund Manager Analysis

Managers

Christopher Graham

Start Date

Tenure

Tenure Rank

Nov 15, 2016

5.54

5.5%

Mr. Graham joined the Office of Investments at Nationwide Mutual Insurance Company (“Nationwide Mutual”) in November 2004, serving primarily as a portfolio manager for Nationwide Mutual’s proprietary general account. In June 2016, Mr. Graham joined NFA as its Chief Investment Officer.

Keith Robinette

Start Date

Tenure

Tenure Rank

Jun 30, 2017

4.92

4.9%

Mr. Robinette joined the Office of Investments at Nationwide Mutual in 2012 where he managed a hedge fund portfolio and led manager due diligence reviews. In May 2017, Mr. Robinette joined NFA as a Senior Director of Asset Strategies.

Andrew Urban

Start Date

Tenure

Tenure Rank

Jun 30, 2017

4.92

4.9%

Mr. Urban joined NFA in July 2016 and became a Senior Director of Asset Strategies in May 2017. Prior to joining NFA, Mr. Urban worked for six years as an investment analyst covering hedge funds for the Ohio Public Employees Retirement System, where he was responsible for hedge fund manager selection and due diligence as well as portfolio risk management.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 17.59 6.41 3.75

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