Nationwide Destination 2010 Fund

C000051703 Fund Overview

Nationwide Destination 2010 Fund is a US mutual fund managed by Nationwide Mutual Funds, categorised as Target Date / Glide Path Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Nationwide Mutual Funds
• Category: Target Date / Glide Path Allocation
• Assets under management: $17.37M
• SEC CIK: 0001048702
• SEC series ID: S000018630
• Share class ID: C000051703

C000051703 Investment Objective and Strategy

Nationwide Destination 2010 Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Nationwide Mutual Funds.

Investment objective

The Nationwide Destination 2010 Fund seeks capital appreciation and income consistent with its current asset allocation.

Principal investment strategy

The Fund is a fund-of-funds that invests primarily in affiliated mutual funds representing a variety of asset classes. The Fund invests in a professionally selected mix of different asset classes that is tailored for investors who have retired in, or close to, the year 2010. Currently the Fund primarily seeks income, and therefore invests in bonds of U.S. and international issuers (including mortgage-backed and asset-backed securities) in order to generate investment income, and secondarily seeks capital growth, investing a smaller portion in equity securities, such as common stocks of U.S. and international companies. As of February 28, 2018, the Fund allocates approximately 57% of its assets in fixed-income securities, approximately 29% in U.S. stocks (including smaller company stocks), and approximately 14% in international stocks.

For the next 20 years after 2010, the Funds allocations to different asset classes will progressively become more conservative, with increasing emphasis on investments that provide for income and preservation of capital, and less on those offering the potential for growth. The Fund invests primarily in affiliated portfolios of Nationwide Mutual Funds, but also may invest in unaffiliated exchange-traded funds (each, an Underlying Fund or collectively, Underlying Funds), that collectively represent several asset classes. The Fund may also invest in a fixed interest contract issued by Nationwide Life Insurance Company (Nationwide Contract). Many Underlying Funds are index funds (or funds that use index replication strategies) that invest directly in equity securities, bonds or other securities with a goal of obtaining investment returns that closely track a benchmark stock or bond index.

The Fund also invests in certain Underlying Funds that are not index funds. Although the Fund seeks to provide diversification across several asset classes, the Fund invests a significant portion of its assets in a small number of issuers (i.e., Underlying Funds). However, the Underlying Funds in which the Fund invests generally are diversified. The Fund is designed for investors who are willing to accept some amount of market volatility in exchange for greater potential returns, but who have a lower tolerance for risk than more aggressive investors. The Fund also assumes that its investors have retired in or close to 2010 at the age of 65, and that such investors seek both investment income and capital preservation with less emphasis on capital growth.

C000051703 Costs and Fees

C000051703 costs about $88 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.88%
• Gross expense ratio: 0.88%
• Portfolio turnover: 38%
• Brokerage commissions: 0.41 bps of average net assets (SEC N-CEN)

C000051703 Cashflows

Over the 12 months to 2019-10, Nationwide Destination 2010 Fund had net inflows of $42.02K, from monthly SEC N-PORT filings.

C000051703 Debt Constituents

No individual debt constituents are reported in Nationwide Destination 2010 Fund's latest SEC N-PORT filing.

C000051703 Prospectus and SEC Filings

Official Nationwide Destination 2010 Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-09-12
• Prospectus (485BPOS) — filed 2019-03-19
• Prospectus (485BPOS) — filed 2018-07-17
• Portfolio holdings (N-PORT) — filed 2019-12-19
• Annual census (N-CEN) — filed 2020-01-10
• Annual census, amended (N-CEN/A) — filed 2020-07-29

Related Funds

Other Target Date / Glide Path Allocation funds tracked on ABC INVEST:

• Vanguard Target Retirement 2035 Fund (VTTHX)
• Vanguard Target Retirement 2045 Fund (VTIVX)
• Vanguard Target Retirement 2040 Fund (VFORX)
• Vanguard Target Retirement 2030 Fund (VTHRX)
• Vanguard Target Retirement 2050 Fund (VFIFX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.