NWMCX — Nationwide Destination 2040 Fund
Data updated: 2026-09-18
NWMCX — Nationwide Destination 2040 Fund. Target Date / Glide Path Allocation · $196.80M AUM. Holdings, fees, performance and SEC filings.
NWMCX Fund Overview
NWMCX — Nationwide Destination 2040 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: $196.80M
- Ticker: NWMCX
- SEC CIK: 0001048702
- SEC series ID: S000018637
- Share class ID: C000051746
NWMCX Investment Objective and Strategy
Nationwide Destination 2040 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 2040 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 2040. Therefore, the Fund currently emphasizes the pursuit of long-term growth of capital, and invests considerably in equity securities, such as common stocks of U.S. and international companies, including smaller companies. As of February 28, 2018, the Fund allocates approximately 58% of its net assets in U.S. stocks (including smaller company stocks), approximately 28% in international stocks, and approximately 14% in bonds. As the year 2040 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 relatively aggressive investors who are comfortable with assuming the risks associated with investing in a high percentage of stocks, including international stocks and stocks of small-cap companies. The Fund also assumes that its investors will retire in or close to 2040 at the age of 65, and that such investors want to maximize their long-term returns and have a tolerance for possible short-term losses.
NWMCX Holdings
Top 10 holdings of Nationwide Destination 2040 Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Nationwide Fundamental All Cap Equity Portfolio | 23.69% |
| Nationwide Bond Portfolio | 17.52% |
| Nationwide International Index Fund | 10.40% |
| Nationwide Large Cap Equity Portfolio | 9.90% |
| Nationwide U.S. 130/30 Equity Portfolio | 9.89% |
| Nationwide International Equity Portfolio | 9.20% |
| iShares Core MSCI Emerging Markets ETF | 7.35% |
| iShares Core S&P 500 ETF | 5.21% |
| Nationwide Small Cap Index Fund | 2.69% |
| Nationwide Strategic Income Fund | 2.33% |
NWMCX Portfolio Allocation
Asset-class allocation of Nationwide Destination 2040 Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Other | 99.9% |
NWMCX Performance
Total returns for NWMCX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 9.0% |
| 1 year | 17.7% |
| 3 years (annualised) | 13.8% |
| 5 years (annualised) | 7.2% |
NWMCX Risk Information
Risk metrics for NWMCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.1%
NWMCX Costs and Fees
NWMCX costs about $145 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.45%
- Gross expense ratio: 1.45%
- Portfolio turnover: 41%
- Brokerage commissions: 0.01 bps of average net assets (SEC N-CEN)
NWMCX Cashflows
Over the 12 months to 2026-07, Nationwide Destination 2040 Fund had net outflows of $8.06M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | −$1.07M |
| 2026-06 | −$616.97K |
| 2026-05 | $794.73K |
| 2026-04 | $849.97K |
| 2026-03 | −$390.10K |
| 2026-02 | −$3.85M |
NWMCX Debt Constituents
No individual debt constituents are reported in Nationwide Destination 2040 Fund's latest SEC N-PORT filing.
NWMCX Prospectus and SEC Filings
Official Nationwide Destination 2040 Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-19
- Prospectus (485BPOS) — filed 2025-02-20
- Prospectus (485BPOS) — filed 2024-02-20
- Portfolio holdings (N-PORT) — filed 2026-09-18
- Portfolio holdings (N-PORT) — filed 2026-06-23
- Portfolio holdings (N-PORT) — filed 2026-03-19
- Annual census (N-CEN) — filed 2026-01-12
- Annual census (N-CEN) — filed 2025-01-08
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.