GMIMX

About GMIMX

The Nationwide Investor Destinations Moderately Conservative Fund Class R6 is a multi-asset mutual fund designed to pursue a balance between income and moderate capital growth while maintaining a relatively conservative risk profile. As a fund of funds, it primarily allocates assets across a diversified mix of underlying mutual funds managed by Nationwide, focusing on U.S. equities, international stocks, and a significant portion in fixed income securities. The investment strategy aims to maximize total return with a focus on capital preservation by targeting overall portfolio volatility that typically reflects a strategic equity exposure between 30% and 50%. Key features of this fund include a dominant allocation to core bond holdings, complemented by multi-cap equity exposures and dedicated positions in short-term bonds and government securities. The top holdings frequently account for the majority of assets, indicating a concentrated approach within selected Nationwide portfolios. This fund is commonly used by investors seeking gradual growth with lower volatility than aggressive allocation funds, making it suitable for those with intermediate-term financial objectives or a focus on retirement planning. By leveraging a combination of asset classes, the fund aims to provide broad market exposure while actively managing risk.