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Trending ETFs

Nationwide Destination 2045 Fund

mutual fund
NWNBX
Payout Change
Pending
Price as of:
$10.8 -0.06 -0.55%
primary theme
Target-Date 2045
share class
Instl (NWNSX) R6 (NWNIX) R (NWNBX) A (NWNAX)
NWNBX (Mutual Fund)

Nationwide Destination 2045 Fund

Payout Change
Pending
Price as of:
$10.8 -0.06 -0.55%
primary theme
Target-Date 2045
share class
Instl (NWNSX) R6 (NWNIX) R (NWNBX) A (NWNAX)
NWNBX (Mutual Fund)

Nationwide Destination 2045 Fund

Payout Change
Pending
Price as of:
$10.8 -0.06 -0.55%
primary theme
Target-Date 2045
share class
Instl (NWNSX) R6 (NWNIX) R (NWNBX) A (NWNAX)

Name

As of 12/10/2024

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 2045 Fund

NWNBX | Fund

$10.80

$171 M

0.26%

$0.03

1.18%

Vitals

YTD Return

15.7%

1 yr return

20.1%

3 Yr Avg Return

3.9%

5 Yr Avg Return

8.2%

Net Assets

$171 M

Holdings in Top 10

100.0%

52 WEEK LOW AND HIGH

$10.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.18%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 22.50%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/10/2024

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 2045 Fund

NWNBX | Fund

$10.80

$171 M

0.26%

$0.03

1.18%

NWNBX - Profile

Distributions

  • YTD Total Return 15.7%
  • 3 Yr Annualized Total Return 3.9%
  • 5 Yr Annualized Total Return 8.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.28%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Nationwide Destination 2045 Fund
  • Fund Family Name
    Nationwide Mutual Funds
  • Inception Date
    Aug 30, 2007
  • Shares Outstanding
    N/A
  • Share Class
    R
  • 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 planning to retire in, or close to, the year 2045. Therefore, the Fund currently emphasizes the pursuit of long-term growth of capital, and invests heavily in equity securities, such as common stocks of U.S. and international companies, including smaller companies. As of January 31, 2024, the Fund allocated approximately 57% of its net assets in U.S. stocks (including smaller company stocks), approximately 26% in international stocks, and approximately 17% in bonds (including mortgage-backed and asset-backed securities). As the year 2045 approaches, the Fund’s allocations to different asset classes will progressively become more conservative with increasing emphasis on investments that provide for income and preservation of capital, and less on those offering the potential for growth.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 is designed for investors who are comfortable with assuming the risks associated with investing in a high percentage of stocks, including international stocks and stocks of smaller companies. The Fund seeks exposure to securities of foreign issuers, which may include securities of issuers in emerging market countries. The Fund also assumes that its investors will retire in or close to 2045 at the age of 65, and that such investors want to maximize their long-term returns and can tolerate possible short-term losses.Once the Fund reaches the year of its target date, Nationwide Fund Advisors (the “Adviser”) expects to recommend that the Nationwide Mutual Funds' Board of Trustees approve combining the Fund with the Nationwide Destination Retirement Fund, which offers investors the most conservative and income-oriented allocation scheme of the Nationwide Target Destination Funds. If the combination is approved and applicable regulatory requirements are met, the Fund's shareholders would then become shareholders of the Nationwide Destination Retirement Fund. Shareholders will be provided with additional information at that time, including information pertaining to any tax consequences of the combination.
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NWNBX - Performance

Return Ranking - Trailing

Period NWNBX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.7% 13.2% 26.6% 82.56%
1 Yr 20.1% 17.5% 27.6% 83.59%
3 Yr 3.9%* -0.8% 8.0% 89.18%
5 Yr 8.2%* 5.7% 11.5% 89.02%
10 Yr 7.6%* 6.1% 10.2% 88.00%

* Annualized

Return Ranking - Calendar

Period NWNBX Return Category Return Low Category Return High Rank in Category (%)
2023 11.6% 4.8% 21.3% 90.21%
2022 -20.7% -65.7% -14.5% 30.93%
2021 4.5% -4.7% 18.7% 68.11%
2020 5.8% 2.3% 15.5% 98.84%
2019 12.6% 8.2% 23.0% 83.33%

Total Return Ranking - Trailing

Period NWNBX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.7% 13.2% 26.6% 82.56%
1 Yr 20.1% 17.5% 27.6% 83.59%
3 Yr 3.9%* -0.8% 8.0% 89.18%
5 Yr 8.2%* 5.7% 11.5% 89.02%
10 Yr 7.6%* 6.1% 10.2% 88.00%

* Annualized

Total Return Ranking - Calendar

Period NWNBX Return Category Return Low Category Return High Rank in Category (%)
2023 18.4% 11.2% 37.0% 73.20%
2022 -19.0% -28.2% 0.1% 84.02%
2021 15.4% 4.2% 22.9% 88.65%
2020 13.2% 7.8% 23.2% 86.13%
2019 24.4% 21.3% 37.2% 75.00%

NAV & Total Return History

NWNBX - Holdings

Concentration Analysis

NWNBX Category Low Category High NWNBX % Rank
Net Assets 171 M 6.93 M 79.9 B 75.90%
Number of Holdings 10 2 586 77.44%
Net Assets in Top 10 169 M 9.98 M 91 B 73.85%
Weighting of Top 10 100.02% 42.4% 144.1% 8.02%

Top 10 Holdings

  1. Nationwide Fundamental All Cap Equity Portfolio, Class R6 35.71%
  2. Nationwide International Index Fund, Class R6 20.31%
  3. Nationwide Bond Portfolio, Class R6 14.49%
  4. Nationwide U.S. 130/30 Equity Portfolio, Class R6 13.94%
  5. Nationwide Mid Cap Market Index Fund, Class R6 6.37%
  6. iShares Core MSCI Emerging Markets ETF 4.38%
  7. Nationwide Small Cap Index Fund, Class R6 2.88%
  8. Nationwide Amundi Strategic Income Fund, Class R6 0.94%
  9. iShares 20+ Year Treasury Bond ETF 0.54%
  10. Fidelity Investments Money Market Government Portfolio - Institutional Class 0.46%

Asset Allocation

Weighting Return Low Return High NWNBX % Rank
Convertible Bonds 		0.95% 0.00% 1.09% 2.56%
Cash 		0.46% 0.00% 45.56% 37.95%
Stocks 		0.00% 0.00% 100.11% 99.49%
Preferred Stocks 		0.00% 0.00% 0.03% 78.46%
Other 		0.00% -0.02% 11.52% 76.92%
Bonds 		0.00% 0.00% 25.62% 80.00%

NWNBX - Expenses

Operational Fees

NWNBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.18% 0.01% 19.43% 24.62%
Management Fee 0.13% 0.00% 0.88% 43.17%
12b-1 Fee 0.50% 0.00% 1.00% 80.00%
Administrative Fee 0.25% 0.01% 0.29% 87.80%

Sales Fees

NWNBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

NWNBX 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.

NWNBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 22.50% 0.42% 115.00% 57.63%

NWNBX - Distributions

Dividend Yield Analysis

NWNBX Category Low Category High NWNBX % Rank
Dividend Yield 0.26% 0.00% 6.14% 2.05%

Dividend Distribution Analysis

NWNBX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual SemiAnnual Annual

Net Income Ratio Analysis

NWNBX Category Low Category High NWNBX % Rank
Net Income Ratio 2.28% -0.42% 3.87% 7.18%

Capital Gain Distribution Analysis

NWNBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

NWNBX - 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 5.65 2.41

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