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Nationwide Destination 2065 Fund
mutual fund
NWATX
Payout Change
Pending
Price as of:
$14.2
+0.08
+0.57%
primary theme
N/A
share class
NWATX (Mutual Fund)
Nationwide Destination 2065 Fund
Payout Change
Pending
Price as of:
$14.2
+0.08
+0.57%
primary theme
N/A
share class
NWATX (Mutual Fund)
Nationwide Destination 2065 Fund
Payout Change
Pending
Price as of:
$14.2
+0.08
+0.57%
primary theme
N/A
share class
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
18.0%
1 yr return
22.4%
3 Yr Avg Return
5.2%
5 Yr Avg Return
N/A
Net Assets
$9.93 M
Holdings in Top 10
100.0%
52 WEEK LOW AND HIGH
$14.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.67%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 71.42%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$50,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
NWATX - Profile
Distributions
- YTD Total Return 18.0%
- 3 Yr Annualized Total Return 5.2%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.48%
- Dividend Yield 0.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameNationwide Destination 2065 Fund
-
Fund Family NameNationwide Mutual Funds
-
Inception DateFeb 28, 2020
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKeith Robinette
Fund Description
The Fund is a “fund-of-funds” that invests primarily in affiliated mutual funds representing a variety of asset classes. The Fund invests in a professionally selected mix of different asset classes that is tailored for investors planning to retire in, or close to, the year 2065. Therefore, the Fund currently emphasizes the pursuit of long-term growth of capital, and invests principally in equity securities, such as common stocks of U.S. and international companies. As of January 31, 2024, the Fund allocated approximately 62% of its net assets in U.S. stocks (including smaller company stocks), approximately 29% in international stocks, and approximately 9% in bonds. As the year 2065 approaches, the Fund’s allocations to different asset classes will progressively become more conservative with increasing emphasis on investments that provide for income and preservation of capital, and less on those offering the potential for growth.The Fund invests primarily in affiliated mutual funds of Nationwide Mutual Funds, but also may invest in unaffiliated exchange-traded funds (each, an “Underlying Fund” or collectively, “Underlying Funds”), that collectively represent several asset classes. Certain Underlying Funds are actively managed, and other Underlying Funds are “index” funds that invest directly in equity securities, bonds or other securities with a goal of obtaining investment returns that closely track a benchmark stock or bond index. Some Underlying Funds use futures, swaps and options, which are derivatives, either to hedge against investment risks, to obtain exposure to certain securities or groups of securities, to take short positions in certain securities, or otherwise to increase returns. Although the Fund seeks to provide diversification across several asset classes, the Fund invests a significant portion of its assets in a small number of issuers (i.e., Underlying Funds). However, the Fund may invest directly in securities and derivatives (futures, options and swaps) in addition to investing in Underlying Funds. Further, the Underlying Funds in which the Fund invests generally are diversified.The Fund is designed for aggressive investors who are comfortable with assuming the risks associated with investing in a high percentage of stocks, including international stocks and smaller companies. The Fund seeks exposure to securities of foreign issuers, which may include securities of issuers in emerging market countries. The Fund also assumes that its investors will retire in or close to 2065 at the age of 65, and that such investors want to maximize their long-term returns and have a high tolerance for possible short-term losses.Once the Fund reaches the year of its target date, Nationwide Fund Advisors (the “Adviser”) expects to recommend that the Nationwide Mutual Funds' Board of Trustees approve combining the Fund with the Nationwide Destination Retirement Fund, which offers investors the most conservative and income-oriented allocation scheme of the Nationwide Target Destination Funds. If the combination is approved and applicable regulatory requirements are met, the Fund's shareholders would then become shareholders of the Nationwide Destination Retirement Fund. Shareholders will be provided with additional information at that time, including information pertaining to any tax consequences of the combination.
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NWATX - Performance
Return Ranking - Trailing
| Period | NWATX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 18.0% | 3.9% | 12.9% | 43.67% |
| 1 Yr | 22.4% | 30.7% | 65.2% | 6.03% |
| 3 Yr | 5.2%* | 8.7% | 13.7% | N/A |
| 5 Yr | N/A* | 10.3% | 14.1% | N/A |
| 10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
| Period | NWATX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.3% | -3.3% | 18.9% | N/A |
| 2022 | -20.2% | 11.7% | 29.3% | N/A |
| 2021 | 11.3% | -23.9% | -7.8% | N/A |
| 2020 | N/A | 13.0% | 20.8% | N/A |
| 2019 | N/A | 1.7% | 8.6% | N/A |
Total Return Ranking - Trailing
| Period | NWATX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 18.0% | 3.9% | 12.9% | 43.67% |
| 1 Yr | 22.4% | 30.7% | 65.2% | 5.67% |
| 3 Yr | 5.2%* | 7.7% | 13.7% | N/A |
| 5 Yr | N/A* | 9.6% | 14.1% | N/A |
| 10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | NWATX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.2% | -3.3% | 18.9% | N/A |
| 2022 | -18.8% | 11.7% | 29.3% | N/A |
| 2021 | 17.5% | -23.9% | -5.7% | N/A |
| 2020 | N/A | 14.1% | 22.7% | N/A |
| 2019 | N/A | 1.7% | 11.0% | N/A |
NAV & Total Return History
NWATX - Holdings
Concentration Analysis
| NWATX | Category Low | Category High | NWATX % Rank | |
|---|---|---|---|---|
| Net Assets | 9.93 M | 60.7 K | 7.18 B | 83.60% |
| Number of Holdings | 8 | 4 | 494 | 76.57% |
| Net Assets in Top 10 | 9.02 M | 51.6 K | 7.13 B | 82.56% |
| Weighting of Top 10 | 100.00% | 38.0% | 100.0% | 12.54% |
Top 10 Holdings
- Nationwide Fundamental All Cap Equity Portfolio, Class R6 38.04%
- Nationwide International Index Fund, Class R6 21.82%
- Nationwide U.S. 130/30 Equity Portfolio, Class R6 15.13%
- Nationwide Bond Portfolio, Class R6 8.45%
- Nationwide Mid Cap Market Index Fund, Class R6 8.06%
- iShares Core MSCI Emerging Markets ETF 4.86%
- Nationwide Small Cap Index Fund, Class R6 3.29%
- iShares 20+ Year Treasury Bond ETF 0.35%
Asset Allocation
| Weighting | Return Low | Return High | NWATX % Rank | |
|---|---|---|---|---|
| Convertible Bonds | 0.93% | 0.00% | 0.77% | 1.09% |
| Stocks | 0.00% | 65.98% | 98.58% | 98.91% |
| Preferred Stocks | 0.00% | 0.00% | 0.36% | 82.29% |
| Other | 0.00% | -0.07% | 13.26% | 2.18% |
| Cash | 0.00% | -86.71% | 14.73% | 2.45% |
| Bonds | 0.00% | 0.00% | 92.61% | 56.13% |
NWATX - Expenses
Operational Fees
| NWATX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.67% | 0.02% | 35.30% | 83.52% |
| Management Fee | 0.13% | 0.00% | 0.94% | 40.59% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.25% | 0.01% | 0.30% | 88.89% |
Sales Fees
| NWATX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| NWATX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| NWATX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 71.42% | 3.00% | 208.00% | N/A |
NWATX - Distributions
Dividend Yield Analysis
| NWATX | Category Low | Category High | NWATX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.70% | 0.00% | 1.44% | 8.33% |
Dividend Distribution Analysis
| NWATX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Monthly | Annually |
Net Income Ratio Analysis
| NWATX | Category Low | Category High | NWATX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.48% | -0.04% | 8.75% | 4.20% |
Capital Gain Distribution Analysis
| NWATX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 12, 2024 | $0.025 | OrdinaryDividend |
| Dec 22, 2023 | $0.192 | OrdinaryDividend |
| Dec 22, 2023 | $0.048 | CapitalGainShortTerm |
| Dec 22, 2023 | $0.020 | CapitalGainLongTerm |
| Sep 14, 2023 | $0.001 | OrdinaryDividend |
| Jun 15, 2023 | $0.034 | OrdinaryDividend |
| Dec 23, 2022 | $0.137 | OrdinaryDividend |
| Sep 15, 2022 | $0.010 | OrdinaryDividend |
| Jun 09, 2022 | $0.022 | OrdinaryDividend |
| Dec 23, 2021 | $0.693 | OrdinaryDividend |
| Sep 09, 2021 | $0.013 | OrdinaryDividend |
| Jun 10, 2021 | $0.005 | OrdinaryDividend |
| Dec 23, 2020 | $0.354 | OrdinaryDividend |
| Sep 10, 2020 | $0.432 | OrdinaryDividend |
| Jun 11, 2020 | $0.008 | OrdinaryDividend |
NWATX - Fund Manager Analysis
Managers
Keith Robinette
Start Date
Tenure
Tenure Rank
Feb 28, 2020
2.25
2.3%
Mr. Robinette joined the Office of Investments at Nationwide Mutual in 2012 where he managed a hedge fund portfolio and led manager due diligence reviews. In May 2017, Mr. Robinette joined NFA as a Senior Director of Asset Strategies.
Andrew Urban
Start Date
Tenure
Tenure Rank
Feb 28, 2020
2.25
2.3%
Mr. Urban joined NFA in July 2016 and became a Senior Director of Asset Strategies in May 2017. Prior to joining NFA, Mr. Urban worked for six years as an investment analyst covering hedge funds for the Ohio Public Employees Retirement System, where he was responsible for hedge fund manager selection and due diligence as well as portfolio risk management.
Christopher Graham
Start Date
Tenure
Tenure Rank
Feb 28, 2020
2.25
2.3%
Mr. Graham joined the Office of Investments at Nationwide Mutual Insurance Company (“Nationwide Mutual”) in November 2004, serving primarily as a portfolio manager for Nationwide Mutual’s proprietary general account. In June 2016, Mr. Graham joined NFA as its Chief Investment Officer.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.06 | 8.11 | 2.38 | 1.25 |
