Nationwide Destination 2040 Instl Svc
The investment seeks capital appreciation and income consistent with its current asset allocation.
The fund is a "fund of funds" that invests in affiliated and unaffiliated mutual funds representing a variety of asset classes. It invests in a professionally selected mix of different asset classes that is tailored for investors planning to retire in, or close to, the year 2040. The fund allocates approximately 56% of its net assets in U.S. stocks (28% of which represents smaller companies), approximately 27% in international stocks, and approximately 10% in bonds. It is non-diversified.