Nationwide Destination 2040 A (NWMAX)

Fund Assets	185.51M
Expense Ratio	0.97%
Min. Investment	$2,000
Turnover	44.86%
Dividend (ttm)	0.38
Dividend Yield	3.65%
Dividend Growth	52.80%
Payout Frequency	Quarterly
Ex-Dividend Date	Jun 24, 2026

Previous Close	10.53
YTD Return	11.42%
1-Year Return	17.34%
5-Year Return	41.90%
52-Week Low	9.09
52-Week High	10.61
Beta (5Y)	0.92
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.

• Fund Family: Nationwide
• Category: Target-Date 2040
• Performance Rating: Below Average
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: NWMAX
• Share Class: Class A
• Index: S&P Target Date To 2040 TR

Performance

NWMAX had a total return of 17.34% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.46%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
NWMHX	Class R6	0.47%
NWMSX	Institutional Service Class	0.72%
NWMDX	Class R	1.22%

Top 10 Holdings

98.10% of assets

Name	Symbol	Weight
Nationwide Fundamental All Cap Equity R6	NWFACR6	23.67%
Nationwide Bond Portfolio R6	NWBDPR6	17.52%
Nationwide International Index R6	GIXIX	10.39%
Nationwide Large Cap Equity Portfolio	NWLACEQ	9.89%
Nationwide U.S. 130/30 Equity R6	NW130R6	9.88%
Nationwide International Equity Port R6	NWINTEQ	9.19%
iShares Core MSCI Emerging Markets ETF	IEMG	7.34%
iShares Core S&P 500 ETF	IVV	5.21%
Nationwide Small Cap Index R6	GMRIX	2.69%
Nationwide Strategic Income R6	NWXGX	2.33%

Dividend History

Ex-Dividend	Amount	Pay Date
Jun 24, 2026	$0.02096	Jun 25, 2026
Mar 25, 2026	$0.00094	Mar 26, 2026
Dec 23, 2025	$0.778	Dec 24, 2025
Sep 11, 2025	$0.01275	Sep 12, 2025
Jun 12, 2025	$0.01648	Jun 13, 2025
Dec 23, 2024	$1.25663	Dec 24, 2024

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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