Nationwide Investor Destinations Aggressive Service Class
NDASX
NASDAQ- -
USD
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Capital Structure
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Nationwide Plaza Columbus OH United States of America 43215
- IPO Date
- Mar 31, 2000
- CIK
- 0001048702
- Website
- nationwide.com
- Similar Companies
- Business
- Nationwide Investor Destinations Aggressive Service Class (NDASX) is an open-end mutual fund that operates as a fund of funds, seeking to maximize total investment return for an aggressive level of risk through diversified exposure to equity and fixed-income asset classes worldwide. The fund primarily invests in affiliated Nationwide mutual funds, including Nationwide Fundamental All Cap Equity Portfolio Class R6 (approximately 18.82%); Nationwide International Equity Portfolio Class R6 (12.03%); Nationwide Mid Cap Market Index Fund Class R6 (11.69%); Nationwide U.S. 130/30 Equity Portfolio Class R6 (11.37%); and Nationwide Large Cap Equity Portfolio (10.94%), with top five holdings comprising 64.85% of the portfolio; it targets an equity allocation of 85% or greater, encompassing domestic large-cap blend, mid-cap index, international equity, and multi-cap strategies, complemented by fixed-income holdings representing about 8% of assets. Nationwide Fund Advisors (NFA), founded in 1999 and based in Columbus, Ohio, serves as the investment adviser, handling asset allocation, underlying fund selection, trading, and monitoring, with subadvisers including Nationwide Asset Management, LLC (a subsidiary of Nationwide Mutual Insurance Company), BlackRock Investment Management, Goldman Sachs Asset Management, GQG Partners, Jacobs Levy Equity Management, Loomis Sayles, Los Angeles Capital Management, and Neuberger Berman Investment Advisers. The fund, launched on March 30, 2000, and domiciled in the United States, caters to aggressive investors with long investment horizons and high risk tolerance, offering broad diversification across U.S. stocks (60.46%), non-U.S. stocks (31.10%), U.S. bonds (7.73%), and minor non-U.S. bond and cash positions; it maintains a net expense ratio of 0.90%, total net assets of approximately $669 million, and a share class size of $273 million as of recent data, with availability limited to the U.S. market and a minimum initial investment of $50,000. Managed by a team including Christopher Graham (since 2016), Keith Robinette (since 2017), and Andrew Urban (since 2017), the fund features sector allocations led by technology (20.37%), financial services (15.50%), industrials (12.86%), consumer cyclical (10.08%), and healthcare (9.41%), alongside geographic emphasis on the United States (66.82%), Eurozone (6.72%), Japan (6.31%), emerging Asia (4.08%), and developed Asia (4.06%). Portfolio turnover stands at 47.76%, supporting a strategic allocation approach augmented by active management preferences and tactical adjustments amid noted historical team changes. Recent developments include a contractual expense limitation agreement with Nationwide Mutual Funds and NFA capping annual operating expenses at 0.25% (excluding 12b-1 fees) through at least February 28, 2026, alongside routine portfolio manager adjustments and increased changes in underlying holdings during the fiscal year ended October 31, 2024; the fund continues to align with Nationwide's broader asset management expansions, such as the Nationwide Strategic Income Fund launch and RetireAssist Connect pooled plan solution in 2025, enhancing distribution capabilities for financial professionals.