Nationwide Destination is trading at 10.03 as of the 2nd of December 2024; that is 0.60 percent up since the beginning of the trading day. The fund's open price was 9.97. Nationwide Destination has less than a 18 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for Nationwide Destination 2050 are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of November 2024 and ending today, the 2nd of December 2024. Click here to learn more.
The fund is a fund of funds that invests primarily in affiliated mutual funds representing a variety of asset classes. It invests in a professionally selected mix of different asset classes that is tailored for investors planning to retire in, or close to, the year 2050. More on Nationwide Destination 2050
Nationwide Destination 2050 [NWOSX] is traded in USA and was established 2nd of December 2024. Nationwide Destination is listed under Nationwide category by Fama And French industry classification. The fund is listed under Target-Date 2050 category and is part of Nationwide family. This fund now has accumulated 141.12 M in assets with minimum initial investment of 50 K. Nationwide Destination is currently producing year-to-date (YTD) return of 16.7% with the current yeild of 0.02%, while the total return for the last 3 years was 4.41%.
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Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Nationwide Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Nationwide Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Nationwide Destination 2050 Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Nationwide Destination 2050 Mutual Fund Constituents
Other Information on Investing in Nationwide Mutual Fund
Nationwide Destination financial ratios help investors to determine whether Nationwide Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nationwide with respect to the benefits of owning Nationwide Destination security.