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.
Nationwide Inv Dest Mod Agrsv A NDMAX
NAV / 1-Day Return
10.00
/
1.42
%
Total Assets
1.5 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.880%
Expense Ratio
0.880%
Fee Level
Low
Longest Manager Tenure
5.20
years
Category
Allocation--70% to 85% Equity
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
Medium / LimitedStatus
Open
TTM Yield
3.63%
Turnover
16%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
This series still has room for improvement.
