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Nationwide Inv Dest Mod Agrsv A NDMAX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
10.71  /  1.02 %
Total Assets
1.6 Bil
Adj. Expense Ratio
0.880%
Expense Ratio
0.880%
Fee Level
Low
Longest Manager Tenure
4.59 years
Category
Allocation--70% to 85% Equity
Investment Style
Large Blend
Credit Quality / Interest Rate Sensitivity
Medium / Limited
Status
Open
TTM Yield
4.56%
Turnover
—

USD | NAV as of Jun 18, 2021 | 1-Day Return as of Jun 18, 2021, 10:26 PM GMT+00:00

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Morningstar’s Analysis

Will NDMAX 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 NDMAX’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 NDMAX 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 NDMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Management has stabilized, but this target risk series still doesn’t stand out.

Analyst

Summary

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The management team at the helm of Nationwide’s Investor Destinations five target-risk funds has stabilized, but the series’ lineup of underlying funds does not stand out. The cheaper share classes across the series’ five funds retain a Morningstar Analyst Rating of Neutral, while the most expensive C share class receives a Negative for all but the moderate fund.

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