NWEAX

About NWEAX

Nationwide Destination Retirement Fund Class A is an open-end mutual fund designed to serve as a comprehensive investment solution for individuals in retirement. Its primary objective is to achieve a balance between capital appreciation and income while maintaining a risk profile suitable for retirees. The fund accomplishes this through professional management and a diversified approach, investing in a tailored mix of asset classes that reflects the needs of those who have already retired. The portfolio typically allocates a significant proportion of assets to fixed-income securities for stability and income, complemented by allocations to U.S. and international equities to provide growth potential and inflation protection. By investing primarily in underlying funds, it achieves broad diversification and regular asset allocation adjustments as needed. This structure makes the fund particularly relevant for those seeking a single, managed option to help preserve capital and support withdrawals in retirement, playing an important role in the lifecycle and target-date fund segment of the financial market.