Nationwide Fund Advisors
0000 Xxxxx Xxxx, Xxxxx 0000
Xxxxxxxxxxxx, Xxxxxxxxxxxx 19428
August 28, 2007
Nationwide Mutual Funds
0000 Xxxxx Xxxx, Xxxxx 000
Xxxxxxxxxxxx, Xxxxxxxxxxxx 19428
Re: FEE WAIVER
Ladies and Gentlemen:
By our execution of this letter agreement (the "Agreement"), intending
to be legally bound hereby, Nationwide Fund Advisors (the "Adviser") agrees
that, with respect to each of the Nationwide Destination 2010 Fund, Nationwide
Destination 2015 Fund, Nationwide Destination 2020 Fund, Nationwide Destination
2025 Fund, Nationwide Destination 2030 Fund, Nationwide Destination 2035 Fund,
Nationwide Destination 2040 Fund, Nationwide Destination 2045 Fund, Nationwide
Destination 2050 Fund, and Nationwide Retirement Income Fund (collectively, the
"Funds"), which are series of Nationwide Mutual Funds, the Adviser shall waive a
portion of its unified management fee in an amount equal to 0.17%, as a
percentage of each Fund's average daily net assets, for the period from the date
of this Agreement through May 1, 2009. The Adviser acknowledges that it shall
not be entitled to collect on, or make a claim for, waived fees at any time in
the future.
Nationwide Fund Advisors
By: /s/ Xxxx X. Xxxxx
-------------------------
Name: Xxxx X. Xxxxx
Title: President
Your signature below acknowledges acceptance of this Agreement:
Nationwide Mutual Funds
By: /s/ Xxxx X. Xxxxx
--------------------------
Name: Xxxx X. Xxxxx
Title: President
Date: August 28, 2007
