Nationwide's Enhanced Income, Short Duration Bond funds alter fees

By Toni Weeks

San Diego, Dec. 13 - Nationwide Mutual Funds announced a change to the fee structure for its Nationwide Enhanced Income Fund and Nationwide Short Duration Bond Fund, according to a 497 filing with the Securities and Exchange Commission.

Effective Jan. 1, a contingent deferred sales charge will be applied on class A shares redeemed within 18 months of purchase if the investor paid no sales charge on the original purchase and a finder's fee was paid. The amount will be 0.5% for purchases of $250,000 to $24,999,999 and 0.25% for purchases of $25 million or more.

The finder's fee is paid to an investor's broker or financial intermediary by the distributor in cases when the investor is eligible to purchase class A shares without the imposition of any front-end sales charge, either because of the size of purchase, rights of accumulation or a letter of intent discount.

The fund's adviser is King of Prussia, Pa.-based Nationwide Fund Advisors.

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