Nationwide Destination 2020 Fund
Data updated: 2020-07-29
C000051726 — Nationwide Destination 2020 Fund. Target Date / Glide Path Allocation · $180.00M AUM. Holdings, fees, performance and SEC filings.
C000051726 Fund Overview
Nationwide Destination 2020 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: $180.00M
- SEC CIK: 0001048702
- SEC series ID: S000018633
- Share class ID: C000051726
C000051726 Investment Objective and Strategy
Nationwide Destination 2020 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 2020 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 planning to retire in, or close to, the year 2020. Therefore, the Fund currently seeks both capital growth and income, and invests in equity securities, such as common stocks of U.S. and international companies, but also invests in bonds (including mortgage-backed and asset-backed securities) in order to generate investment income. As of February 28, 2018, the Fund allocates approximately 37% of its net assets in U.S. stocks (including smaller company stocks), approximately 20% in international stocks, and approximately 43% in fixed-income securities. As the year 2020 approaches, and for an additional 20 years thereafter, 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 moderate short-term price fluctuations in exchange for potential longer-term returns, but who have a lower tolerance for risk than more aggressive investors. The Fund also assumes that its investors will retire in or close to 2020 at the age of 65, and that such investors seek both capital growth and investment income.
C000051726 Costs and Fees
C000051726 costs about $41 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.41%
- Gross expense ratio: 0.41%
- Portfolio turnover: 62%
- Brokerage commissions: 0.46 bps of average net assets (SEC N-CEN)
C000051726 Cashflows
Over the 12 months to 2020-04, Nationwide Destination 2020 Fund had net outflows of $11.69M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-04 | −$1.24M |
| 2020-03 | −$1.64M |
| 2020-02 | −$4.05M |
| 2020-01 | −$8.51M |
| 2019-12 | $8.93M |
| 2019-11 | −$1.01M |
C000051726 Debt Constituents
No individual debt constituents are reported in Nationwide Destination 2020 Fund's latest SEC N-PORT filing.
C000051726 Prospectus and SEC Filings
Official Nationwide Destination 2020 Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-03-19
- Prospectus (485BPOS) — filed 2019-09-12
- Prospectus (485BPOS) — filed 2019-03-19
- Portfolio holdings (N-PORT) — filed 2020-06-24
- Portfolio holdings (N-PORT) — filed 2020-03-25
- 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:
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.