Nationwide is the latest to hop on the target-date bandwagon. The mutual fund arm of the Columbus, Ohio-based Nationwide Financial communicated its intent to roll out nine target-date funds and a retirement income fund in an SEC filing last week.

The funds will invest in underlying portfolios of Nationwide Funds and unaffiliated funds, including ETFs.

Called Nationwide Destination, the target-date funds come with maturity dates set at five-year intervals from 2010 through 2050.

Nationwide plans to offer six share classes: A, C, R1, R2, Institutional Service and Institutional.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE