Advertisement
Skip to Content
Morningstar

Nationwide Destination 2040 A NWMAX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 8.71  /  0.11 %
  • Total Assets 162.9 Mil
  • Adj. Expense Ratio
    0.580%
  • Expense Ratio 0.920%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Target-Date 2040
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Status Open
  • TTM Yield 0.62%
  • Turnover 26%

USD | NAV as of Jan 28, 2023 | 1-Day Return as of Jan 28, 2023, 12:12 AM GMT+00:00

Morningstar’s Analysis NWMAX

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

People Pillar

The People Pillar is our evaluation of the NWMAX 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 NWMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

|

Weakness in Nationwide Destination 2040 A's Process and People Pillar ratings limits this strategy to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

Unlock our full analysis with Morningstar Investor