Fund Evaluator:
Nationwide Inv Dest Mod Agrsv A (NDMAX)
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Best Performing in Global Moderately Aggressive Allocation Over the Last Year
| 21.6% | TOPS® Moderately Aggressive ETF 2 () |
| 21.4% | Victory Cornerstone Aggressive (UCAGX) |
| 19.9% | Fidelity Advisor Asset Manager 70% Z (FIQBX) |
| 19.8% | Fidelity Asset Manager 70% (FASGX) |
| 19.8% | Fidelity Multi-Asset Index (FFNOX) |
Fund Details
Nationwide Inv Dest Mod Agrsv A Overview
Nationwide Inv Dest Mod Agrsv A (NDMAX) is an actively managed Allocation Global Moderately Aggressive Allocation fund. Nationwide launched the fund in 2000.
The investment seeks to maximize total investment return for a moderately aggressive level of risk. The fund is a "fund of funds" that invests primarily in affiliated mutual funds representing a variety of asset classes. Through investments in the underlying funds, the fund invests a significant portion of its assets in equity securities, such as common stocks of U.S. and international companies, including smaller companies, and a smaller portion in bonds.
About Nationwide Inv Dest Mod Agrsv A (NDMAX)
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 Agrsv A has 15 securities in its portfolio. The top 10 holdings constitute 95.4% 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 Agrsv A is part of the Allocation global asset class and is within the Allocation fund group. Nationwide Inv Dest Mod Agrsv A has 43.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 49.7%. There is 39.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 25.0% (21.3% domestic bond, 3.7% foreign bond and 0.0% convertible bond). Nationwide Inv Dest Mod Agrsv A has -14.6% of the portfolio in cash.
Assets Under Management
The fund has $137 million in total assets, which is below the $1 billion average for the Global Moderately Aggressive 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.
NDMAX 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 Agrsv A expense ratio is high compared to funds in the Global Moderately Aggressive Allocation category. Nationwide Inv Dest Mod Agrsv A has an expense ratio of 0.86%, which is 14% lower than its category average, making the fund expense ratio grade a C. 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 Agrsv A has a portfolio turnover rate of 33%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 32% for the Global Moderately Aggressive Allocation category.
Recently, in the month of July 2026, Nationwide Inv Dest Mod Agrsv A returned -0.1%, which earned it a grade of C, as the Global Moderately Aggressive Allocation category had an average return of 0.2%. 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 Agrsv A has a trailing yield of 3.80%, which is above the 1.98% 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 Agrsv A Grades
Year to date, the fund has returned 10.3%, 0.4 percentage points better than the category, which translates into a grade of B. The fund has returned 19.4% over the past year (grade of A), 14.1% over the past three years (grade of B) and 7.5% per year over the past five years (grade of C) and 9.4% per year over the past 10 years (grade of B).
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NDMAX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NDMAX Return (NAV) | -0.1% | 3.4% | 19.4% | 14.1% | 7.5% | 9.4% |
| NDMAX Grade | C | C | A | B | C | B |
| +/- Category | -0.3% | 0.5% | 1.0% | 0.1% | -0.3% | 0.5% |
| Global Moderately Aggressive Allocation Avg | 0.2% | 2.9% | 18.4% | 14.0% | 7.8% | 8.9% |
| NDMAX Tax Cost Ratio | na | na | 2.7% | 2.7% | 2.2% | 2.5% |
NDMAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NDMAX Return (NAV) | 10.3% | 15.9% | 12.2% | 17.8% | -17.8% | 14.7% | 12.9% | 23.9% | -8.6% | 17.7% | 9.3% |
| NDMAX Grade | B | D | B | A | D | C | C | A | D | C | B |
| +/- Category | 0.4% | -1.9% | 1.0% | 3.6% | -3.5% | -0.7% | 2.1% | 3.0% | -0.6% | 1.0% | 1.7% |
| Global Moderately Aggressive Allocation Avg | 9.8% | 17.8% | 11.2% | 14.2% | -14.3% | 15.4% | 10.8% | 20.9% | -7.9% | 16.7% | 7.6% |
| Risk Measures | |
| Standard Deviation: | 10.7% |
| Total Risk Index: | 0.88 - Average |
| Category Risk Index: | 1.02 - Average |
| Category Risk Grade: | C (58% Rank) |
| Beta: | 1.11 |
| R-Squared: | 95% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 3.8% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $908 Mil |
| Fund Total Assets: | $ 137 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 34% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 9.7 years | |||
| Average Tenure: 9.3 years | |||
| Managers (Year): Graham Christopher (2016), Robinette Keith (2017), Urban Andrew (2017) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 15 |
| % in Top 10 Holdings: | 95.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 43.1% |
Portfolio Allocation |
|
| Domestic Stock: | 49.7% |
| Foreign Stock: | 39.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 21.3% |
| Foreign Bond: | 3.7% |
| Convertible Bond: | 0.0% |
| Other: | 0.5% |
| Cash: | -14.6% |
Purchase Information
| Fund Family: | Nationwide |
| Phone Number: | 800-848-0920 |
| Website: | www.nationwide.com/mutualfunds |
| Status: | Open |
| Inception Date: | March 30, 2000 |
| Min. Initial Purchase: | $2,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | No |
| Front Load Maximum: | 5.75% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.86% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.00% |
| Share Class: | Nationwide Inv Dest Mod Agrsv A |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
