Nationwide Destination 2040 Fund Class A (NWMAX)
| Fund Assets | 183.30M |
| Expense Ratio | 0.96% |
| Min. Investment | $2,000 |
| Turnover | 44.86% |
| Dividend (ttm) | 1.29 |
| Dividend Yield | 12.73% |
| Dividend Growth | 115.44% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Jun 12, 2025 |
| Previous Close | 9.53 |
| YTD Return | 7.98% |
| 1-Year Return | 10.41% |
| 5-Year Return | 57.23% |
| 52-Week Low | 8.00 |
| 52-Week High | 10.44 |
| Beta (5Y) | n/a |
| Holdings | 15 |
| Inception Date | Aug 29, 2007 |
About NWMAX
The Nationwide Destination 2040 Fund Class A is a target-date mutual fund designed primarily for investors aiming to retire around the year 2040. Its primary function is to facilitate long-term retirement savings by investing in a professionally selected mix of asset classes, including both equity and fixed-income instruments. The fund employs a fund-of-funds structure, allocating its capital across a variety of underlying funds to achieve broad diversification and adjust its risk profile over time. As 2040 approaches, the fund progressively shifts its allocation to become more conservative, gradually increasing exposure to fixed income and reducing equity holdings to help manage risk for those nearing retirement. With an inception date in 2007, the fund serves individuals seeking a hands-off, professionally managed investment solution that automatically adapts as they move closer to their retirement target. Its diversified approach and automatic rebalancing make it a prominent choice within the target-date fund category, supporting retirement planning for a wide spectrum of investors.
Performance
NWMAX had a total return of 10.41% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.75%.
Top 10 Holdings
96.07% of assets| Name | Symbol | Weight |
|---|---|---|
| Nationwide Fundamental All Cap Equity R6 | NWFACR6 | 30.14% |
| Nationwide Bond Portfolio R6 | NWBDPR6 | 18.54% |
| Nationwide U.S. 130/30 Equity R6 | NW130R6 | 12.84% |
| Nationwide International Index Fund Class R6 | GIXIX | 11.46% |
| Nationwide International Equity Port R6 | NWINTEQ | 9.24% |
| iShares Core MSCI Emerging Markets ETF | IEMG | 3.86% |
| iShares Core S&P 500 ETF | IVV | 2.90% |
| Nationwide Small Cap Index Fund Class R6 | GMRIX | 2.66% |
| Nationwide Mid Cap Market Index Fund Class R6 | GMXIX | 2.35% |
| Nationwide Amundi Strategic Income Fund Class R6 | NWXGX | 2.09% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 12, 2025 | $0.01648 | Jun 13, 2025 |
| Dec 23, 2024 | $1.25663 | Dec 24, 2024 |
| Sep 12, 2024 | $0.01385 | Sep 13, 2024 |
| Jun 13, 2024 | $0.00493 | Jun 14, 2024 |
| Dec 22, 2023 | $0.59243 | Dec 26, 2023 |
| Jun 15, 2023 | $0.01367 | Jun 16, 2023 |