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Morningstar

Nationwide Inv Dest Mod Cnsrv A NADCX

Morningstar Medalist Rating
Medalist Rating as of | See Nationwide Investment Hub
  • NAV / 1-Day Return 9.22  /  0.11 %
  • Total Assets 294.7 Mil
  • Adj. Expense Ratio
    0.800%
  • Expense Ratio 0.800%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Moderately Conservative Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 1.70%
  • Turnover 38%

USD | NAV as of Sep 27, 2023 | 1-Day Return as of Sep 27, 2023, 10:17 PM GMT+0

Morningstar’s Analysis NADCX

Will NADCX outperform in future?

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

Process Pillar

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

People Pillar

The People Pillar is our evaluation of the NADCX 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

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

Layers of complexity and a changing cast

Analyst Vedran Beogradlija

Vedran Beogradlija

Analyst

Summary

Nationwide Investor Destination’s target-risk series adds complexity to an otherwise industry-standard approach, while continued turnover drives concerns on whether the team can support the strategy consistently. The series receives a Morningstar Medalist Rating of Neutral across all shares for the Aggressive fund, while the remaining funds get Neutral for the cheapest shares, and Negative for the most expensive.

by Vedran Beogradlija
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings NADCX

More NADCX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 0
  • Other Holdings 18
  • % Assets in Top 10 Holdings 80.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Nationwide Bond Portfolio R6

30.65
93,701,498
—

Nationwide Multi-Cap Portfolio R6

13.73
41,978,388
—

FIDELITY GOVERNMENT PORTFOLIO - INST SHARES - FUND

9.20
28,141,567
Cash and Equivalents

Nationwide Loomis Short Term Bd R6

7.49
22,894,948
—

Nationwide U.S. 130/30 Equity R6

5.83
17,839,561
—

Nationwide International Index R6

5.79
17,693,681
—

Nationwide Loomis Core Bond R6

4.03
12,329,033
—

Nationwide Mid Cap Market Idx R6

3.75
11,464,373
—

Nationwide Fundamental All Cap Equity R6

3.47
10,603,805
—

Nationwide Inflation-Prot Secs R6

3.02
9,227,748
—