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Morningstar

Nationwide Inv Dest Mod Agrsv A NDMAX

Morningstar Analyst Rating
Analyst rating as of | See Nationwide Investment Hub
  • NAV / 1-Day Return 9.12  /  1.08 %
  • Total Assets 1.3 Bil
  • Adj. Expense Ratio
    0.520%
  • Expense Ratio 0.860%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Allocation—70% to 85% Equity
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Status Open
  • TTM Yield 1.12%
  • Turnover 37%

USD | NAV as of Feb 04, 2023 | 1-Day Return as of Feb 04, 2023, 12:15 AM GMT+00:00

Morningstar’s Analysis NDMAX

Will NDMAX 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 NDMAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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

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

Continued team refinement and a riskier approach limit this series.

Analyst

Summary

| by Vedran Beogradlija

The Nationwide Investor Destinations target-risk series’ unstable supporting cast is concerning given its riskier positioning and complex underlying lineup. Most share classes receive Morningstar Analyst Ratings of Neutral, while the pricier C and R shares (moderately aggressive and conservative portfolios) are rated Negative.

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