NWEBX

About NWEBX

The Nationwide Destination Retirement Fund Class R is a mutual fund designed to support investors who are planning for or are already in retirement. As a target-date retirement fund, its primary objective is to provide a professionally managed, diversified portfolio tailored to the needs of those at or near retirement age. The fund follows a fund-of-funds approach, primarily investing in a combination of affiliated mutual funds that span multiple asset classes. Its asset allocation tends to emphasize capital preservation and income generation, with a significant portion allocated to fixed-income securities, complemented by exposure to U.S. and international equities. As of the latest update, approximately 65% of the fund's assets are allocated to fixed-income instruments, 26% to U.S. stocks—including smaller companies—and about 9% to international stocks. This allocation seeks to balance growth with risk mitigation, aiming for stability in retirement income. The fund pays dividends semi-annually and is geared towards investors seeking a conservative allocation that aligns with post-retirement financial objectives. Managed by Nationwide, this fund plays a role in helping retirees maintain purchasing power and manage longevity risk by providing ongoing professional rebalancing and diversification across sectors and regions.