The Fund seeks to provide current income consistent with capital preservation and, secondarily, capital appreciation.
The Fund is a “fund of funds” that invests in affiliated Nationwide Mutual Funds and unaffiliated mutual funds (including exchange-traded funds) representing a variety of asset classes tailored for investors who have already retired or have reached the approximate age of 85 years. Currently the Fund seeks to generate income and preserve capital by investing in bonds and money market instruments. To a lesser extent, it also seeks to provide growth of capital by investing in stocks of U.S. companies.
The Fund's principal value is not guaranteed at any time.
Portfolio management Nationwide Fund Advisors
Thomas R. Hickey Jr., portfolio manager, is responsible for the day-to-day management of the Fund, including selection of the Fund's investments.
You can find more detailed information about the Fund in the summary prospectus, prospectus and other fund documents. You should carefully read the
documents before investing. Sales idea Strike a Balance Confidently Product literature/support materials
Fact Sheet Target Destination Glide Path Tool
Important Disclosures Investors should carefully consider a fund's (and each of its underlying funds') investment objectives, risks, fees, charges and expenses before investing any money. To obtain this and other information on Nationwide Funds, please call 1-800-848-0920 to request a summary prospectus and/or a prospectus, or download a summary prospectus and/or a prospectus at nationwide.com/mutualfunds. Please read it carefully before investing any money.
The Nationwide Retirement Income Fund is designed to provide diversification across a variety of asset classes, primarily by investing in underlying funds. Therefore, in addition to the expenses of the Nationwide Retirement Income Fund, each investor is indirectly paying a proportionate share of the applicable fees and expenses of the underlying funds. The Nationwide Retirement Income Fund is expected to have lower volatility than other Nationwide Target Destination Funds.
Asset allocation is the process of spreading assets across several different investment styles and asset classes. The purpose is to potentially reduce long-term risk and capture potential profits across various asset classes.
There is no assurance that the investment objective of any fund (or that of any underlying fund) will be achieved, nor that a diversified portfolio will produce better results than a nondiversified portfolio. Diversification does not guarantee returns or insulate an investor from potential losses, including the possible loss of principal.
The Fund is subject to different levels of risk, based on the types and sizes of its underlying asset class allocations and its allocation strategy. In addition, the Fund’s underlying funds may be subject to specific investment risks such as those associated with: (i) bonds and short-term instruments, (ii) small companies, (iii) mid-sized companies, (iv) international securities, (v) real estate investment trusts (REITs), and (vi) initial public offerings (IPOs).