About NWMSX
Nationwide Destination 2040 Fund Institutional Service Class is a target-date mutual fund structured to help investors prepare for retirement around the year 2040. This fund follows a diversified, risk-based asset allocation strategy, investing primarily in a mix of underlying affiliated mutual funds and exchange-traded funds that span across U.S. large-cap, mid-cap, small-cap, international equities, and fixed income securities. The portfolio composition is actively managed and dynamically rebalanced, becoming progressively more conservative as the designated retirement date approaches to manage risk and safeguard accumulated capital.
The fund’s top holdings are heavily concentrated, with over 95% of its assets allocated to its ten largest positions, including portfolios focused on U.S. equities, bonds, international stocks, and emerging markets. As a fund-of-funds, its goal is to deliver both capital appreciation and income, matching changing investor needs as retirement nears. As part of the Target-Date 2040 category, it serves individuals planning to retire around 2040, providing them a single, all-in-one investment solution tailored for long-term retirement planning.
Fund Family Nationwide
Category Target-Date 2040
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol NWMSX
Share Class Institutional Service Class
Index S&P Target Date To 2040 TR
NWMSX had a total return of 18.28% in the past year, including dividends. Since the fund's
inception, the average annual return has been 14.25%.
