The Nationwide Destination 2040 Fund Class R (NWMDX) is a mutual fund that aims to provide long-term growth and capital appreciation for investors with a target retirement date of 2040. This fund invests in a diversified portfolio of stocks, bonds, and other securities, with a focus on companies and industries that are expected to perform well over the next 20 years. The Class R shares of this fund are designed for retirement plans and have a lower expense ratio compared to other share classes. Investors in this fund can expect a balanced and actively managed approach to achieving their retirement goals.