EXHIBIT NO. EX-99 (d)(1)(f)
PROPOSED EXHIBIT A
INVESTMENT ADVISORY AGREEMENT
DATED MAY 9, 1998, AS AMENDED SEPTEMBER 1, 1999
BETWEEN GARTMORE MUTUAL FUNDS AND
GARTMORE MUTUAL FUND CAPITAL TRUST
EFFECTIVE JUNE __, 2004
FUNDS OF THE TRUST ADVISORY FEES
------------------ -------------
Gartmore Nationwide Fund 0.60% on assets up to $250 million
(formerly Gartmore Total Return Fund) 0.575% on assets of $250 million and more but less than $1 billion
Gartmore Growth Fund 0.55% on assets of $1 billion and more but less than $2 billion
(formerly Nationwide Growth Fund) 0.525% on assets of $2 billion and more but less than $5 billion
0.50% for assets of $5 billion and more
Gartmore Value Opportunities Fund 0.70% on assets up to $250 million
(formerly Nationwide Value Opportunities 0.675% on assets of $250 million and more but less than $1 billion
Fund) 0.65% on assets of $1 billion and more but less than $2 billion
0.625% on assets of $2 billion and more but less than $5 billion
0.60% for assets of $5 billion and more
Gartmore Millennium Growth Fund 0.80% on assets up to $250 million
(formerly Nationwide Mid Cap 0.77% on assets of $250 million and more but less than $1 billion
Growth Fund) 0.74% on assets of $1 billion and more but less than $2 billion
0.71% on assets of $2 billion and more but less than $5 billion
0.68% for assets of $5 billion and more
Gartmore Global Technology and 0.88% on assets up to $500 million
Communications Fund(2) 0.83% on assets of $500 million and more but less than $2 billion
(formerly Nationwide Global Technology 0.78% for assets of $2 billion and more
and Communications Fund
Gartmore Global Health Sciences Fund(2) 0.90% on assets up to $500 million
(formerly Nationwide Global Life 0.85% on assets of $500 million and more but less than $2 billion
Sciences Fund) 0.80%for assets of $2 billion and more
Gartmore U.S. Growth Leaders Fund(2) 0.80% on assets up to $500 million
(formerly Nationwide Focus Fund and 0.70% on the next $1.5 billion in assets
Gartmore Growth 20 Fund) 0.65% on assets of $2 billion and more
Gartmore Nationwide Leaders Fund(2) 0.80% on assets up to $500 million
(formerly Gartmore U.S. Leaders Fund) 0.70% on the next $1.5 billion in assets
0.65% on assets of $2 billion or more
Gartmore Micro Cap Equity Fund 1.25% of the Fund's average daily net assets
Gartmore Mid Cap Growth Fund 0.75% on assets up to $250 million
0.725% on assets of $250 million and more but less than $1 billion
0.70% on assets of $1 billion and more but less than $2 billion
0.675% on assets of $2 billion and more but less than $5 billion
0.65% for assets of $5 billion and more
PROPOSED EXHIBIT A
INVESTMENT ADVISORY AGREEMENT
DATED MAY 9, 1998, AS AMENDED SEPTEMBER 1, 1999
BETWEEN GARTMORE MUTUAL FUNDS AND
GARTMORE MUTUAL FUND CAPITAL TRUST
EFFECTIVE JUNE __, 2004
PAGE 2
FUNDS OF THE TRUST ADVISORY FEES
------------------ -------------
Gartmore Small Cap Growth Fund 0.95% of the Fund's average daily net assets
(formerly Gartmore Global Small
Companies Fund)
Gartmore U.S. Growth Leaders Long- 1.50% on assets up to $250 million
Short Fund 1.25% on assets of $250 million and more
Gartmore China Opportunities Fund(2) 1.25% on assets up to $500 million
1.20% on assets of $500 million and more but less than $2 billion
1.15% on assets of $2 billion and more
Gartmore Global Natural Resources 0.90% on assets up to $500 million
Fund(2) 0.85% on assets of $500 million and more but less than $2 billion
0.80% on assets of $2 billion and more
Gartmore Nationwide Principal 0.40% of the Fund's average daily net assets during Offering Period
Protected Fund(1) 0.60% of the Fund's average daily net assets during Guarantee Period
and Post Guarantee Period
Gartmore Long-Short Fund 1.50% on assets up to $250 million
1.25% on assets of $250 million and more
Gartmore Market Neutral Bond Plus Fund 1.50% on assets up to $250 million
1.25% on assets of $250 million and more
NorthPointe Small Cap Value Fund 0.85% of the Fund's average daily net assets
Gartmore Bond Fund 0.50% on assets up to $250 million
(formerly Nationwide Bond Fund) 0.475% on assets of $250 million and more but less than $1 billion
Gartmore Tax-Free Income Fund 0.45% on assets of $1 billion and more but less than $2 billion
(formerly Nationwide Tax Free 0.425% on assets of $2 billion and more but less than $5 billion
Income Fund) 0.40% for assets of $5 billion and more
Gartmore Government Bond Fund
(formerly Nationwide Government
Bond Fund)
Gartmore High Yield Bond Fund 0.55% on assets up to $250 million
(formerly Nationwide High Yield 0.525% on assets of $250 million and more but less than $1 billion
Bond Fund) 0.50% on assets of $1 billion and more but less than $2 billion
0.475% on assets of $2 billion and more but less than $5 billion
0.45% for assets of $5 billion and more
PROPOSED EXHIBIT A
INVESTMENT ADVISORY AGREEMENT
DATED MAY 9, 1998, AS AMENDED SEPTEMBER 1, 1999
BETWEEN GARTMORE MUTUAL FUNDS AND
GARTMORE MUTUAL FUND CAPITAL TRUST
EFFECTIVE JUNE __, 2004
PAGE 3
FUNDS OF THE TRUST ADVISORY FEES
------------------ -------------
Gartmore Money Market Fund 0.40% on assets up to $1 billion
(formerly Nationwide Money 0.38% on assets of $1 billion and more but less than $2 billion
Market Fund) 0.36% on assets of $2 billion and more but less than $5 billion
0.34% for assets of $5 billion and more
Nationwide S&P 500 Index Fund 0.13% on assets up to $1.5 billion
0.12% on assets of $1.5 billion and more but less than $3 billion
0.11% on assets of $3 billion and more
Nationwide Small Cap Index Fund 0.20% on assets up to $1.5 billion
0.19% on assets of $1.5 billion and more but less than $3 billion
0.18% on assets of $3 billion and more
Nationwide Mid Cap Market Index Fund 0.22% on assets up to $1.5 billion
0.21% on assets of $1.5 billion and more but less than $3 billion
0.20% on assets of $3 billion and more
Nationwide International Index Fund 0.27% on assets up to $1.5 billion
0.26% on assets of $1.5 billion and more but less than $3 billion
0.25% on assets of $3 billion and more
Nationwide Bond Index Fund 0.22% on assets up to $1.5 billion
0.21% on assets of $1.5 billion and more but less than $3 billion
0.20% on assets of $3 billion and more
Gartmore Large Cap Value Fund 0.75% on assets up to $100 million
(formerly Prestige Large Cap 0.70% on assets of $100 million and more
Value Fund and Nationwide
Large Cap Value Fund)
Gartmore Small Cap Fund 0.95% on assets up to $100 million
(formerly Nationwide Small Cap Fund 0.80% on assets of $100 million and more
and Prestige Small Cap Fund)
Gartmore Convertible Fund 0.65% on assets up to $500 million
0.60% on assets of $500 million and more but less than $1 billion
0.55% for assets of $1 billion and more
PROPOSED EXHIBIT A
INVESTMENT ADVISORY AGREEMENT
DATED MAY 9, 1998, AS AMENDED SEPTEMBER 1, 1999
BETWEEN GARTMORE MUTUAL FUNDS AND
GARTMORE MUTUAL FUND CAPITAL TRUST
EFFECTIVE JUNE __, 2004
PAGE 4
FUNDS OF THE TRUST ADVISORY FEES
------------------ -------------
Gartmore Investor Destinations Aggressive Fund 0.13% of average daily net assets
(formerly Investor Destinations Aggressive Fund and
Nationwide Investor Destinations Aggressive Fund)
Gartmore Investor Destinations Moderately Aggressive Fund
(formerly Investor Destinations Moderately Aggressive Fund and
Nationwide Investor Destinations Moderately Aggressive Fund)
Gartmore Investor Destinations Moderate Fund
(formerly Investor Destinations Moderate Fund and
Nationwide Investor Destinations Moderate Fund)
Gartmore Investor Destinations Moderately Conservative Fund
(formerly Investor Destinations Moderately Conservative Fund and
Nationwide Investor Destinations Moderately Conservative Fund)
Gartmore Investor Destinations Conservative Fund
(formerly Investor Destinations Conservative Fund and
Nationwide Investor Destinations Conservative Fund)
Gartmore Actively Managed Aggressive Asset 0.15% of average daily net assets
Allocation Fund
Gartmore Actively Managed Moderately
Aggressive Asset Allocation Fund
Gartmore Actively Managed Moderate Asset
Allocation Fund
------------------
(1)Fee Structure for the Gartmore Nationwide Principal Protected Fund.
The Fund has an Offering Period, a Guarantee Period and a Post Guarantee Period,
and the advisory fee varies during these periods. During the Guarantee Period,
if the Fund enters a "Zero Coupon Investment Period" as described in the Fund's
registration statement, the advisory fee will be decreased to 0.25% for the
remainder of the Guarantee Period.
(2)Performance Fees for the Gartmore Technology and Communications Fund;
Gartmore Global Health Sciences Fund; Gartmore Nationwide Leaders Fund; Gartmore
U.S. Growth Leaders Fund; Gartmore China Opportunities Fund; and Gartmore Global
Natural Resources Fund.
The base advisory fee for each of these Funds, as set forth above, is adjusted
each quarter beginning one year after implementation of the Performance Fee,
depending upon a Fund's investment performance for the 12 months preceding the
end of that month relative to the investment performance of each respective
Fund's benchmark as listed below. The base fee is either increased or decreased
proportionately by the following amounts at each breakpoint, based upon whether
a Fund has out-performed or under-performed its respective benchmark
PROPOSED EXHIBIT A
INVESTMENT ADVISORY AGREEMENT
DATED MAY 9, 1998, AS AMENDED SEPTEMBER 1, 1999
BETWEEN GARTMORE MUTUAL FUNDS AND
GARTMORE MUTUAL FUND CAPITAL TRUST
EFFECTIVE JUNE __, 2004
PAGE 5
(using the performance of each such Fund's Class A Shares to measure), by more
or less than a maximum of 500 basis points over the preceding rolling 12 month
period as follows:
+/- 100 bps under/outperformance 2bps
+/- 200 bps under/outperformance 4bps
+/- 300 bps under/outperformance 6bps
+/- 400 bps under/outperformance 8bps
+/- 500 bps or more under/outperformance 10bps
The investment performance of each Fund will be the sum of: (1) the change in
each Fund's value during such period; (2) the value of the Fund's cash
distributions (from net income and realized net gains) having an ex-dividend
date during such calculation period; and (3) the value of any capital gains
taxes paid or accrued during such calculation period for undistributed realized
long-term capital gains from the Fund. For this purpose, the value of
distributions per share of realized capital gains, of dividends per share paid
from investment income and of capital gains taxes per share reinvested in the
Fund will be the Fund's value in effect at the close of business on the record
date for the payment of such distributions and the date on which provision is
made for such taxes, after giving effect to such distribution, dividends and
taxes.
Benchmark Index Performance:
The performance of each respective benchmark Index for a calculation
period, expressed as a percentage of each Index, at the beginning of such period
will be the sum of: (1) the change in the level of the Index during such period;
and (2) the value, as calculated consistent with the Index, of cash
distributions having an ex-dividend date during such period made by those
companies whose securities comprise the Index. For this purpose, cash
distributions on the securities that comprise the Index will be treated as if
they were reinvested in the Index at least as frequently as the end of each
calendar quarter following payment of the dividend.
Benchmark Indices:
1. Gartmore Global Technology and
Communications Fund ___________________Index
2. Gartmore Global Health Sciences Fund Xxxxxxx Xxxxx Health Care Index
3. Gartmore Nationwide Leaders Fund S&P 500 Index
4. Gartmore U.S. Growth Leaders Fund S&P 500 Index
5. Gartmore China Opportunities Fund MSCI Xxxxx Xxx Index
6. Gartmore Global Natural Resources Fund ___________________Index
GARTMORE MUTUAL FUND CAPITAL TRUST GARTMORE MUTUAL FUNDS
By: ________________________________ By:_____________________________
Title: _____________________________ Title:__________________________
