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Morningstar

Nationwide Destination 2040 R6 NWMHX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 8.74  /  1.13 %
  • Total Assets 164.1 Mil
  • Adj. Expense Ratio
    0.130%
  • Expense Ratio 0.420%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Large
  • Category Target-Date 2040
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Status Open
  • TTM Yield 1.20%
  • Turnover 26%

USD | NAV as of Jan 30, 2023 | 1-Day Return as of Jan 30, 2023, 11:44 PM GMT+00:00

Morningstar’s Analysis NWMHX

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

People Pillar

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

Summary

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Weakness in Nationwide Destination 2040 R6's Process and People Pillar ratings limits this strategy to a Morningstar Quantitative Rating of Negative. The portfolio maintains a cost advantage over competitors, priced within the second-lowest fee quintile among peers.

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