EX-99.28.H.2 10 d70113dex9928h2.htm NATIONWIDE MUTUAL FUNDS ADMINISTRATIVE SERVICES PLAN Nationwide Mutual Funds Administrative Services Plan

EX-28.h.2

NATIONWIDE MUTUAL FUNDS

ADMINISTRATIVE SERVICES PLAN

Effective March 10, 2015

Amended January 1, 2021*

Section 1. This Administrative Services Plan (the “Plan”) constitutes the administrative services plan for the classes of the funds as listed on Exhibit A (collectively, the “Funds”), each a series of Nationwide Mutual Funds (the “Trust”), and is adopted upon review and approval by the Board of Trustees (the “Board”) of the Trust.

Section 2. The administrator of the Funds is authorized to execute and deliver, in its own name but on behalf of the Funds, written agreements (“Servicing Agreements”) with financial institutions which are shareholders of record or which have a servicing relationship (“Service Organizations”) with the beneficial owners of a class of a Fund’s shares of beneficial interest (“Shares”). Such Servicing Agreements shall require the Service Organizations to provide administrative support services as set forth therein and as described in a Fund’s applicable Prospectus to their customers who own of record or beneficially Shares. In consideration for providing such services, a Service Organization will receive a fee, computed daily and paid monthly in the manner set forth in the Servicing Agreements, at an annual rate not to exceed the rates listed on Exhibit A for each class of shares owned of record or beneficially by such Service Organization’s customers. The actual fees payable under each Service Agreement shall be based on the protocol approved by the Board as presented by the administrator. Any bank, trust company, thrift institution, broker-dealer, insurance company or other financial institution is eligible to become a Service Organization and to receive fees under this Plan. All expenses incurred by a Fund with respect to its Shares in connection with the Servicing Agreements and the implementation of this Plan shall be borne entirely by the holders of Shares of that Fund.

Section 3. So long as this Plan is in effect, the administrator shall provide to a Fund’s Board, and the Trustees shall review, at least quarterly, a written report of the amounts expended pursuant to this Plan and the purposes for which such expenditures were made. In addition, the administrator shall provide to the Board an annual report on all Service Agreements in effect for the Trust.

Section 4. The Plan shall not take effect with respect to the Shares of a Fund until it has been approved by a vote of a majority of the Trustees who are not “interested persons” of that Fund (as defined in the Investment Company Act of 1940) and who have no direct or indirect financial interest in the operation of this Plan or in any agreements related to this Plan (the “Disinterested Trustees”), cast in person at a meeting called for the purpose of voting on the Plan, provided, however, that the Plan is not implemented prior to the effective date of the post-effective amendment to a Fund’s registration statement describing the Plan and its implementation with respect to that Fund.

Section 5. Unless sooner terminated, this Plan shall continue until January 1, 2022, and thereafter, shall continue automatically for successive annual periods provided such continuance is approved at least annually by a majority of the Board of Trustees, including a majority of the Disinterested Trustees.

Section 6. This Plan may be amended at any time with respect to a Fund by the Board of Trustees, provided that any material amendments of the terms of this Plan shall become effective only upon the approvals set forth in Section 4.

Section 7. This Plan is terminable at any time with respect to the Fund by vote of a majority of the Disinterested Trustees.


NATIONWIDE MUTUAL FUNDS

ADMINISTRATIVE SERVICES PLAN

Effective March 10, 2015

Amended January 1, 2021*

 

Section 8. While this Plan is in effect, the selection and nomination of those Disinterested Trustees shall be committed to the discretion of the Disinterested Trustees of the Trust.

Section 9. This Plan has been adopted as of March 10, 2015, as amended January 1, 2021.

Section 10. The Trust is a statutory trust organized under the Delaware Statutory Trust Act (12 Del. C. § 3801 et seq) and under an Agreement and Declaration of Trust and any and all amendments thereto. Pursuant to Section 3804 of the Delaware Statutory Trust Act, the debts, liabilities, obligations, costs, charges, reserves and expenses incurred, contracted for or otherwise existing with respect to a particular series, whether such series is now authorized and existing pursuant to the governing instrument of the Trust or is hereafter authorized and existing pursuant to said governing instrument, shall be enforceable against the assets associated with such series only, and not against the assets of the Trust generally or any other series thereof, and, except as otherwise provided in the governing instrument of the Trust, none of the debts, liabilities, obligations, costs, charges, reserves and expenses incurred, contracted for or otherwise existing with respect to the Trust generally or any other series thereof shall be enforceable against the assets of such series.


NATIONWIDE MUTUAL FUNDS

ADMINISTRATIVE SERVICES PLAN

Effective March 10, 2015

Amended January 1, 2021*

 

Exhibit A

 

Fund

  

Classes

Nationwide Mellon Dynamic U.S. Core Fund (formerly, Nationwide Dynamic U.S. Growth Fund)

   A, C, R, Eagle, Institutional Service

Nationwide Fund

   A, C, R, Institutional Service

Nationwide Bond Fund

   A, C, R, Institutional Service

Nationwide Government Money Market Fund

   Investor, Service

Nationwide S&P 500 Index Fund

   A, C, R, Service, Institutional Service

Nationwide Small Cap Index Fund

   A, C, R, Institutional Service

Nationwide Mid Cap Market Index Fund

   A, C, R, Institutional Service

Nationwide International Index Fund

   A, C, R, Institutional Service

Nationwide Bond Index Fund

   A, C, R, Institutional Service

Nationwide Investor Destinations Aggressive Fund

   A, C, R, Service, Institutional Service

Nationwide Investor Destinations Moderately Aggressive Fund

   A, C, R, Service, Institutional Service

Nationwide Investor Destinations Moderate Fund

   A, C, R, Service, Institutional Service

Nationwide Investor Destinations Moderately Conservative Fund

   A, C, R, Service, Institutional Service

Nationwide Investor Destinations Conservative Fund

   A, C, R, Service, Institutional Service

Nationwide Destination 2025 Fund

   A, R, Institutional Service

Nationwide Destination 2030 Fund

   A, R, Institutional Service

Nationwide Destination 2035 Fund

   A, R, Institutional Service

Nationwide Destination 2040 Fund

   A, R, Institutional Service

Nationwide Destination 2045 Fund

   A, R, Institutional Service

Nationwide Destination 2050 Fund

   A, R, Institutional Service

Nationwide Destination 2055 Fund

   A, R, Institutional Service

Nationwide Destination 2060 Fund

   A, R, Institutional Service

Nationwide Destination 2065 Fund

   A, R, Institutional Service

Nationwide Destination Retirement Fund (formerly, Nationwide Destination 2015 Fund)

   A, R, Institutional Service

Nationwide American Century Small Cap Income Fund (formerly, Nationwide U.S. Small Cap Value Fund)

   A, C, Institutional Service

Nationwide Small Company Growth Fund

   A, Institutional Service

Nationwide Global Sustainable Equity Fund

   A, C, Institutional Service

Nationwide Inflation-Protected Securities Fund

   A, Institutional Service

Nationwide Core Plus Bond Fund

   A, C, Institutional Service

Nationwide Bailard Cognitive Value Fund

   A, C, Institutional Service

Nationwide Bailard International Equities Fund

   A, C, Institutional Service

Nationwide Bailard Technology & Science Fund

   A, C, Institutional Service

Nationwide Geneva Mid Cap Growth Fund

   A, C, Institutional Service

Nationwide Geneva Small Cap Growth Fund

   A, C, Institutional Service

Nationwide Diamond Hill Large Cap Concentrated Fund

   A, C, Institutional Service

Nationwide Loomis Core Bond Fund

   A, C, Institutional Service

Nationwide Loomis Short Term Bond Fund

   A, C, Institutional Service

Nationwide WCM Focused Small Cap Fund

   A, C, Institutional Service

Nationwide NYSE Arca Tech 100 Index Fund

  

(formerly, Nationwide Ziegler NYSE Arca Tech 100 Index Fund)

   A, C, Institutional Service


NATIONWIDE MUTUAL FUNDS

ADMINISTRATIVE SERVICES PLAN

Effective March 10, 2015

Amended January 1, 2021*

 

Nationwide Emerging Markets Debt Fund

   A, C, Institutional Service

Nationwide Amundi Global High Yield Fund

   A, C, Institutional Service

Nationwide Amundi Strategic Income Fund

   A, C, Institutional Service

Nationwide International Small Cap Fund

   A, Institutional Service

Nationwide Loomis All Cap Growth Fund

   A, Eagle, Institutional Service

Nationwide AllianzGI International Growth Fund

   A, Eagle, Institutional Service

Nationwide Mellon Disciplined Value Fund

   A, Eagle, Institutional Service

Nationwide GQG US Quality Equity Fund

   A, Eagle, Institutional Service

 

*

As approved by the Board of Trustees at its meeting held on December 16-18, 2020.

The Funds shall pay amounts not exceeding on an annual basis a maximum amount of:

 

(a)

25 basis points (0.25%) of the average daily net assets of the Class A Shares of the Funds;

 

(b)

25 basis points (0.25%) of the average daily net assets of the Class C Shares of the Funds;

 

(c)

25 basis points (0.25%) of the average daily net assets of the Class R Shares of the Funds;

 

(d)

25 basis points (0.25%) of the average daily net assets of the Service Class Shares of the Funds;

 

(e)

25 basis points (0.25%) of the average daily net assets of the Institutional Service Class Shares of the Funds;

 

(f)

25 basis points (0.25%) of the average daily net assets of the Investor Shares of the Nationwide Government Money Market Fund; and

 

(g)

10 basis points (0.10%) of the average daily net assets of the Eagle Class Shares of the Funds.