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Nationwide Inv Dest Agrsv R GAFRX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
10.38  /  0.00
Total Assets
1.1 Bil
Adj. Expense Ratio
1.190%
Expense Ratio
1.190%
Fee Level
Low
Longest Manager Tenure
4.68 years
Category
Allocation--85%+ Equity
Investment Style
Large Blend
Credit Quality / Interest Rate Sensitivity
Medium / Limited
Status
Open
TTM Yield
4.43%
Turnover
—

USD | NAV as of Jul 22, 2021 | 1-Day Return as of Jul 22, 2021, 10:35 PM GMT+00:00

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Morningstar’s Analysis

Will GAFRX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable GAFRX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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The People Pillar is our evaluation of the GAFRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

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The Parent Pillar is our rating of GAFRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This series still has room for improvement.

Analyst

Summary

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The recently assembled portfolio management team behind Nationwide’s Investor Destinations target-risk series has settled into its role. However, the strategy’s supporting cast continues to lack similar stability, and the series’ evolving line-up merits a watchful eye. The cheapest share classes across the series’ five funds receive a Morningstar Analyst Rating of Neutral, while the more expensive C shares and R shares (conservative and moderately aggressive funds) earn Negative.

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