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Nationwide Destination 2040 Instl Svc (NWMSX)

10.42 +0.09 (+0.87%)
At close: 8:00 PM EST

Fund Summary

The fund is a "fund of funds" that invests primarily in affiliated mutual funds representing a variety of asset classes. It invests in a professionally selected mix of different asset classes that is tailored for investors planning to retire in, or close to, the year 2040. The fund allocated approximately 59% of its net assets in U.S. stocks (including smaller company stocks), approximately 22% in international stocks, and approximately 19% in bonds.

Nationwide Destination 2040 Instl Svc

King of Prussia, PA 19406
1000 Continental Drive, Suite 400
610-230-2864

Fund Overview

Category Target-Date 2040
Fund Family Nationwide
Net Assets 193.71M
YTD Return 11.08%
Yield 2.06%
Morningstar Rating
Inception Date Aug 29, 2007

Fund Operations

Last Dividend 0.04
Last Cap Gain 3.00
Holdings Turnover 39.67%
Average for Category --

Fees & Expenses

Expense NWMSX Category Average
Annual Report Expense Ratio (net) 0.69% 0.45%
Prospectus Net Expense Ratio 0.69% --
Prospectus Gross Expense Ratio 0.69% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 5.36%
Max Deferred Sales Load -- 1.44%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Mr. Urban is a Senior Director of Asset Strategies of Nationwide Fund Advisors (“NFA”). He joined NFA in 2016. Prior to joining NFA, Mr. Urban worked for six years as an investment analyst for the Ohio Public Employees Retirement System, where he was most recently responsible for hedge fund manager selection and due diligence as well as portfolio risk management.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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