Nationwide Destination 2050 Fund Class A (NWOAX)
| Fund Assets | 169.76M |
| Expense Ratio | 0.96% |
| Min. Investment | $2,000 |
| Turnover | 45.69% |
| Dividend (ttm) | 1.24 |
| Dividend Yield | 12.59% |
| Dividend Growth | 183.68% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Jun 12, 2025 |
| Previous Close | 9.26 |
| YTD Return | 8.75% |
| 1-Year Return | 11.29% |
| 5-Year Return | 64.99% |
| 52-Week Low | 7.58 |
| 52-Week High | 10.10 |
| Beta (5Y) | n/a |
| Holdings | 13 |
| Inception Date | Aug 29, 2007 |
About NWOAX
Nationwide Destination 2050 Fund Class A is a target-date mutual fund designed for individuals planning to retire around the year 2050. Its primary function is to provide a diversified investment solution that automatically adjusts its asset allocation over time. The fund initially allocates a higher proportion to equity and growth-oriented assets to pursue capital appreciation while gradually shifting towards more conservative holdings, such as fixed income and cash equivalents, as the designated retirement year approaches. This dynamic allocation strategy, known as a glide path, is intended to balance growth potential with risk mitigation as investors near retirement. The fund uses a multi-asset approach, investing in a professionally selected mix of domestic and international stocks, bonds, and other securities, often through underlying funds. This structure supports broad diversification and aims to simplify long-term retirement investing for participants by automatically managing risk and return according to the target retirement date. The Nationwide Destination 2050 Fund Class A plays a key role in the retirement planning sector, catering to investors seeking a hands-off, time-based investment vehicle that evolves with their retirement timeline.
Performance
NWOAX had a total return of 11.29% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.17%.
Top 10 Holdings
99.15% of assets| Name | Symbol | Weight |
|---|---|---|
| Nationwide Fundamental All Cap Equity R6 | NWFACR6 | 33.74% |
| Nationwide U.S. 130/30 Equity R6 | NW130R6 | 15.00% |
| Nationwide International Index Fund Class R6 | GIXIX | 13.09% |
| Nationwide International Equity Port R6 | NWINTEQ | 11.07% |
| Nationwide Bond Portfolio R6 | NWBDPR6 | 10.35% |
| iShares Core MSCI Emerging Markets ETF | IEMG | 4.46% |
| Nationwide Mid Cap Market Index Fund Class R6 | GMXIX | 3.85% |
| Nationwide Small Cap Index Fund Class R6 | GMRIX | 2.84% |
| iShares Core S&P 500 ETF | IVV | 2.83% |
| JPMorgan Equity Premium Income ETF | JEPI | 1.92% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 12, 2025 | $0.01451 | Jun 13, 2025 |
| Dec 23, 2024 | $1.21033 | Dec 24, 2024 |
| Sep 12, 2024 | $0.01143 | Sep 13, 2024 |
| Jun 13, 2024 | $0.00242 | Jun 14, 2024 |
| Dec 22, 2023 | $0.43338 | Dec 26, 2023 |
| Jun 15, 2023 | $0.01078 | Jun 16, 2023 |