SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO.)
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GARTMORE MUTUAL FUNDS
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Gartmore Mutual Funds--Important Points and Proposals
For Broker Use Only
Meeting Date/Time: Monday April 23, 2007 9:00 A.M. E.T.
Meeting Location: 1200 River Road, Suite 1000, Conshohocken, PA 19428
Record Date: February 2, 2007
Proxy Mailed on or about: March 5, 2007
This information is provided in connection with the proxy statement for the
above-referenced shareholder meeting. It is only a summary of important points
and responses to potential shareholder questions. Detailed information can be
found in the proxy statement which is available on the Funds' website at
www.nwdfunds.com.
Proposal 1: To approve a new investment advisory agreement--(all Funds).
o Nationwide Financial agreed to acquire Gartmore Mutual Fund Capital
Trust (GMFCT) in order to combine GMFCT's mutual fund expertise with
Nationwide Financial's distribution capabilities.
o The change in ownership is deemed an "assignment" which results in the
current agreement terminating as required by the 1940 Act.
o Gartmore Mutual Fund Capital Trust will be the investment advisor for
all funds.
o Gartmore Mutual Fund Capital Trust is the current investment advisor
for all funds except Gartmore Enhanced Income and Short Duration Bond
Fund.
o The overall management fees and expenses will not increase.
o Not expected to change quality of services provided.
o The terms of the New Agreement are identical in all material respects
as the terms of the Original Agreement.
o Nationwide Financial currently intends, overtime, to operate GMFCT
exclusively as a "manager of managers".
o This allows the investment adviser to make changes in subadvisers and
subadvisory agreements with the approval of the Board, but without
shareholder approval. This only applies to unaffiliated entities.
Proposal 2: To approve a new sub-advisory agreement.
To approve a new sub-advisory agreement with NorthPointe Capital LLC:
Req number 661: Fund Name
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583-587, 683 Gartmore Micro Cap Equity Fund
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188, 288, 388, 488, 688 Gartmore Mid Cap Growth Fund
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196, 296, 396, 496, 596, 696 Gartmore Small Cap Leaders Fund
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To approve an amended sub-advisory agreement with NorthPointe Capital LLC:
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200, 673, 973-974 Gartmore Large Cap Value Fund
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207, 419, 619, 919, 920 Gartmore Value Opportunities Fund
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195, 295, 395, 495, 595, 695 North Pointe Small Cap Growth Fund
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574 North Pointe Small Cap Value Fund
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To approve a new sub-advisory agreement with Nationwide Separate Accounts, LLC:
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205, 416, 616, 916-917, 968 Gartmore Mid Cap Growth Leaders Fund
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To approve a new sub-advisory agreement with Gartmore Morley Capital Management,
Inc.
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612, 912-914 Gartmore Enhanced Income Fund
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372,672, 970-972 Gartmore Short Duration Bond Fund
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o NWD has proposed to restructure the investment advisory arrangements so
that they more closely approximate GMFCT's arrangements with unaffiliated
subadvisors.
o Will not result in a change in the amount of the investment advisory fees
paid. GMFCT pays the fees to each subadviser.
o Not expected to change the quality of services provided.
o Will not increase the overall management fees or expenses.
o Day to day management of the investments will continue to be provided by
the same portfolio managers.
Gartmore Funds distributed by Gartmore Distribution Services, Inc., Member NASD.
1200 River Road, Suite 1000, Conshohocken, PA 19428.
As of September 29, 2006, Gartmore Funds and its U.S. operations, as well as the
Funds' advisers, distributor, and other service providers, are no longer
affiliated with Gartmore Investment Management Ltd. (Gartmore U.K.) or other
Gartmore international businesses. U.K. For more information call, 800-848-0920.
Nationwide Small Company Growth Fund (NWSAX)
Filed: 18 Apr 07, 12:00am