Nationwide Destination 2035 Fund Class A (NWLAX)
| Fund Assets | 190.85M |
| Expense Ratio | 0.96% |
| Min. Investment | $2,000 |
| Turnover | 42.20% |
| Dividend (ttm) | 1.23 |
| Dividend Yield | 12.34% |
| Dividend Growth | 99.31% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Jun 12, 2025 |
| Previous Close | 9.36 |
| YTD Return | 7.07% |
| 1-Year Return | 8.35% |
| 5-Year Return | 46.67% |
| 52-Week Low | 8.13 |
| 52-Week High | 10.33 |
| Beta (5Y) | n/a |
| Holdings | 15 |
| Inception Date | Aug 29, 2007 |
About NWLAX
The Nationwide Destination 2035 Fund Class A is a target-date mutual fund designed for individuals planning to retire around the year 2035. As a fund of funds, it primarily invests in a diversified mix of underlying equity and fixed-income funds, offering exposure to U.S. large-cap stocks, international equities, and a range of bond portfolios. Its asset allocation is dynamically managed, gradually shifting towards more conservative investments as the target date approaches to help manage risk for investors nearing retirement. This structure allows the fund to act as an all-in-one retirement savings solution, simplifying investment decisions for those seeking both capital appreciation and income over time. The fund’s portfolio is notable for its combination of passive and actively managed strategies, prioritizing expense management while maintaining exposure to broad market opportunities. It holds a diverse basket of 12 core investments, with significant allocations to the Nationwide Bond Portfolio and Nationwide Fundamental All Cap Equity Portfolio, alongside international and emerging markets exposures. The fund plays a key role in the retirement planning landscape, aiming to balance growth and risk reduction as investors progress toward their financial goals.
Performance
NWLAX had a total return of 8.35% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.48%.
Top 10 Holdings
94.67% of assets| Name | Symbol | Weight |
|---|---|---|
| Nationwide Bond Portfolio R6 | NWBDPR6 | 25.87% |
| Nationwide Fundamental All Cap Equity R6 | NWFACR6 | 25.51% |
| Nationwide U.S. 130/30 Equity R6 | NW130R6 | 11.31% |
| Nationwide International Index Fund Class R6 | GIXIX | 10.05% |
| Nationwide International Equity Port R6 | NWINTEQ | 8.46% |
| iShares Core MSCI Emerging Markets ETF | IEMG | 3.26% |
| iShares Core S&P 500 ETF | IVV | 2.99% |
| Nationwide Strategic Income Fund Class R6 | NWXGX | 2.86% |
| Nationwide Small Cap Index Fund Class R6 | GMRIX | 2.41% |
| JPMorgan Equity Premium Income ETF | JEPI | 1.97% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 12, 2025 | $0.0204 | Jun 13, 2025 |
| Dec 23, 2024 | $1.19089 | Dec 24, 2024 |
| Sep 12, 2024 | $0.01442 | Sep 13, 2024 |
| Jun 13, 2024 | $0.00696 | Jun 14, 2024 |
| Dec 22, 2023 | $0.60803 | Dec 26, 2023 |
| Jun 15, 2023 | $0.01381 | Jun 16, 2023 |