Fund Evaluator:

Nationwide Inv Dest Mod R Overview

Nationwide Inv Dest Mod R (GMDRX) is an actively managed Allocation Global Moderate Allocation fund. Nationwide launched the fund in 2003.

The investment seeks to maximize total investment return for a moderate level of risk. The fund is a "fund of funds" that invests primarily in affiliated mutual funds representing a variety of asset classes. The fund aims to provide diversification across major asset classes-U.S. stocks, international stocks, and bonds-by investing primarily in mutual funds offered by Nationwide Mutual Funds and affiliated or unaffiliated exchange-traded funds.

About Nationwide Inv Dest Mod R (GMDRX)

There are 3 members of the management team with an average tenure of 9.30 years: Christopher Graham (2016), Keith Robinette (2017), Andrew Urban (2017). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI ACWI NR USD index with a weighting of 100%. Nationwide Inv Dest Mod R has 18 securities in its portfolio. The top 10 holdings constitute 87.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Nationwide Inv Dest Mod R is part of the Allocation global asset class and is within the Allocation fund group. Nationwide Inv Dest Mod R has 32.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 36.4%. There is 22.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 41.4% (32.0% domestic bond, 9.4% foreign bond and 0.0% convertible bond). Nationwide Inv Dest Mod R has -0.5% of the portfolio in cash.

Assets Under Management

The fund has $46 million in total assets, which is below the $947 million average for the Global Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

GMDRX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Nationwide Inv Dest Mod R expense ratio is high compared to funds in the Global Moderate Allocation category. Nationwide Inv Dest Mod R has an expense ratio of 1.18%, which is 13% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Nationwide Inv Dest Mod R has a portfolio turnover rate of 32%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 64% for the Global Moderate Allocation category.

Recently, in the month of July 2026, Nationwide Inv Dest Mod R returned -0.2%, which earned it a grade of C, as the Global Moderate Allocation category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Nationwide Inv Dest Mod R has a trailing yield of 3.54%, which is above the 2.61% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Nationwide Inv Dest Mod R Grades

Year to date, the fund has returned 7.3%, 0.8 percentage points worse than the category, which translates into a grade of C. The fund has returned 14.6% over the past year (grade of C), 11.1% over the past three years (grade of D) and 5.4% per year over the past five years (grade of D) and 7.2% per year over the past 10 years (grade of C).

For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about Nationwide Inv Dest Mod R, including its riskiness, submit your email to unlock the rest of the article.