AMENDMENT TO GLOBAL CUSTODY AGREEMENT
EX-28.g.1.d
AMENDMENT TO GLOBAL CUSTODY AGREEMENT
This instrument, dated March 11, 2011, is between NATIONWIDE MUTUAL FUNDS, successor in interest to GARTMORE MUTUAL FUNDS (the “Customer”), and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION (the “Bank”). It amends the Global Custody Agreement dated April 4, 2003, as most recently amended as of December 2, 2009 (the “Custody Agreement”), between the Customer and the Bank. Capitalized terms in this amendment that are not defined herein have the meaning set forth in the Custody Agreement.
RECITAL
The Customer and the Bank wish to amend the Custody Agreement to revise Schedule B, providing for the payment of fees for services rendered.
AMENDMENT
1. | Schedule B to the Custody Agreement, as currently in force, shall be deleted and replaced with a new Schedule B, a copy of which is attached hereto as New Schedule B. |
2. | This Amendment shall be effective as of the date first written above. |
3. | Except as amended hereby, all other terms and conditions of the Custody Agreement remain unchanged and the Custody Agreement shall remain in full force and effect. |
IN WITNESS WHEREOF, each of the parties has caused this Amendment to Global Custody Agreement to be executed in its name and behalf on the day and year first above written.
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | ||
By: | /s/ Xxxxxx X. Xxxxxxxx | |
Title: | Executive Director | |
NATIONWIDE MUTUAL FUNDS | ||
By: | /s/ Xxx X. Xxxxxxxx | |
Title: | Asst. Secretary |
NEW SCHEDULE B
In exchange for the services the Bank provides herein, the Customer agrees to pay an annual fee, calculated and payable monthly, equal to 0.0035% (0.35 basis points) of the month end asset value (less any amounts swept in cash sweep vehicle) the Customer maintains in custody with the Bank
Fees for Additional Services
Overdraft Fees | Overdrafts will be invoiced monthly at the daily Fed Funds rate plus 50 (0.50%) basis points | |
Balance Credits | Earnings Credits will be credited to the invoice monthly at daily Fed Funds rate plus 50 (0.50%) basis points | |
Sweep | Customer will use JPM’s cash trade execution product to sweep nightly cash | |
FX | Customer will do its securities settlement and asset servicing (dividend and income) foreign currency exchange transactions solely with JPMorgan | |
FDIC Insurance | Customer will be invoiced 13 basis points (0.13%) on univested (i.e., unswept) cash balances for FDIC Insurance. Fees are assessed daily and invoiced monthly. This charge is offset by excess earnings credits on cash balances. |