The Nationwide Destination 2045 Institutional Service Fund is a target-date mutual fund designed for individuals planning to retire around the year 2045. As a target-date fund, its core purpose is to provide a diversified investment solution that automatically adjusts its asset allocation over time—gradually shifting from a heavier emphasis on equities to a more conservative blend as the retirement date nears. This fund invests in a professionally selected mix of underlying funds, giving investors exposure to U.S. and international equities, fixed income, and other asset classes. Key holdings include large blend equity strategies, international equity, mid- and small-cap equities, and bond portfolios, all structured to manage risk and return over a long investment horizon. The fund is intended for institutional investors and features a competitive expense ratio. It plays a significant role in retirement planning by simplifying the investment process and helping participants maintain an age-appropriate risk profile as they approach retirement. With assets exceeding $170 million, the fund exemplifies the growing importance of target-date solutions in employer-sponsored retirement plans and long-term investment strategies.
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