Nationwide Destination 2035 Fund Class R (NWLBX)
| Fund Assets | 190.85M |
| Expense Ratio | 1.21% |
| Min. Investment | $50,000 |
| Turnover | 42.20% |
| Dividend (ttm) | 1.21 |
| Dividend Yield | 13.10% |
| Dividend Growth | n/a |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Jun 12, 2025 |
| Previous Close | 9.22 |
| YTD Return | 6.94% |
| 1-Year Return | 8.12% |
| 5-Year Return | 44.56% |
| 52-Week Low | 8.01 |
| 52-Week High | 10.19 |
| Beta (5Y) | n/a |
| Holdings | 15 |
| Inception Date | Aug 29, 2007 |
About NWLBX
Nationwide Destination 2035 Fund Class R is a target-date mutual fund designed for investors planning to retire around the year 2035. As a fund of funds, it primarily invests in a diversified mix of affiliated Nationwide mutual funds, with limited allocations to unaffiliated exchange-traded funds. The portfolio is managed to follow a preset glide path, gradually shifting its asset mix from growth-oriented investments to more conservative holdings as the target date approaches. Key allocations currently include U.S. large-cap stocks, intermediate-term bonds, international equities, and emerging markets exposure, providing broad global diversification. The fund employs both passive and actively managed strategies to balance risk and return, and features dynamic rebalancing to maintain its strategic allocation over time. Known for its all-in-one approach, the fund simplifies retirement investing by offering a single investment solution that adapts as participants move closer to retirement. Despite its comprehensive structure, the fund has a comparatively higher expense ratio than similar funds in the target-date category, which is a noted drawback. With its focus on retirement preparedness, the Nationwide Destination 2035 Fund Class R plays a significant role for investors seeking a managed pathway toward their long-term financial goals.
Performance
NWLBX had a total return of 8.12% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.23%.
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 | $0.01482 | Jun 13, 2025 |
| Dec 23, 2024 | $1.18478 | Dec 24, 2024 |
| Sep 12, 2024 | $0.00843 | Sep 13, 2024 |
| Dec 22, 2023 | $0.60242 | Dec 26, 2023 |
| Jun 15, 2023 | $0.00028 | Jun 16, 2023 |
| Dec 23, 2022 | $0.12903 | Dec 27, 2022 |