Nationwide Mutual Funds and Aberdeen Funds complete reorganization of 26 funds
FOR IMMEDIATE RELEASEJuly 1, 2008
Columbus, Ohio – Nationwide today announced the completion of the reorganization of 26 Nationwide Funds into Aberdeen Funds.
Nationwide had announced last Sept. 18 that it had reached an agreement with Aberdeen Asset Management Inc. to purchase Nationwide’s active U.S. equity management business in an effort to transition to a sub-advised mutual fund platform. The transaction closed on Oct. 1, 2007.
As part of transaction, the Board of Trustees of Nationwide Mutual Funds and Aberdeen Funds approved a reorganization plan on behalf of the 26 mutual funds listed below, subject to shareholder approval. Under the reorganization plan, each of the Nationwide Funds would be reorganized into a newly created series of Aberdeen Funds with similar investment objectives, policies and portfolio managers.
Recently, shareholders approved the reorganization plan at the Special Meetings of Shareholders held on May 5 and June 6. The reorganization completed at the end of business on Friday, June 20. As of the opening of business on Monday, June 23, each Nationwide Fund became an Aberdeen Fund, rather than a Nationwide Fund.
Shareholders may contact the following numbers for more information:
Nationwide Funds’ Shareholder Services 800-848-0920.
Aberdeen Funds’ Shareholder Services 866-667-9231
The funds that are affected by the reorganization are listed below showing their Nationwide Funds name and their new corresponding Aberdeen Funds name.
|Nationwide Mutual Funds|
Nationwide China Opportunities Fund
Nationwide Emerging Markets Fund
Nationwide Global Financial Services Fund
Nationwide Global Utilities Fund
Nationwide Health Sciences Fund
Nationwide Hedged Core Equity Fund
Nationwide International Growth Fund
Nationwide Leaders Fund
Nationwide Market Neutral Fund
Nationwide Mid Cap Growth Leaders Fund
Nationwide Natural Resources Fund
Nationwide Optimal Allocations Fund: Defensive
Nationwide Optimal Allocations Fund: Growth
Nationwide Optimal Allocations Fund: Moderate
Nationwide Optimal Allocations Fund: Moderate Growth
Nationwide Optimal Allocations Fund: Specialty
Nationwide Small Cap Fund
Nationwide Small Cap Core Fund
Nationwide Small Cap Growth Opportunities Fund
Nationwide Small Cap Leaders Fund
Nationwide Small Cap Value Fund
Nationwide Tax-Free Income Fund
Nationwide Technology and Communications Fund
Nationwide U.S. Growth Leaders Fund
Nationwide U.S. Growth Leaders Long-Short Fund
Nationwide Worldwide Leaders Fund
Aberdeen China Opportunities Fund
Aberdeen Developing Markets Fund
Aberdeen Global Financial Services Fund
Aberdeen Global Utilities Fund
Aberdeen Health Sciences Fund
Aberdeen Hedged Core Equity Fund
Aberdeen International Equity Fund
Aberdeen Select Equity Fund
Aberdeen Market Neutral Fund
Aberdeen Select Mid Cap Growth Fund
Aberdeen Natural Resources Fund
Aberdeen Optimal Allocations Fund: Defensive
Aberdeen Optimal Allocations Fund: Growth
Aberdeen Optimal Allocations Fund: Moderate
Aberdeen Optimal Allocations Fund: Moderate Growth
Aberdeen Optimal Allocations Fund: Specialty
Aberdeen Small Cap Fund
Aberdeen Small Cap Opportunities Fund
Aberdeen Small Cap Growth Fund
Aberdeen Select Small Cap Fund
Aberdeen Small Cap Value Fund
Aberdeen Tax-Free Income Fund
Aberdeen Technology and Communications Fund
Aberdeen Select Growth Fund
Aberdeen Equity Long-Short Fund
Aberdeen Select Worldwide Fund
About Nationwide Funds Group
Nationwide Funds Group (NFG) is the mutual fund arm of Nationwide Financial Services, Inc. (NYSE: NFS). Based in Conshohocken, Pa., a suburb of Philadelphia, NFG comprises Nationwide Fund Advisors, Nationwide Fund Distributors LLC and Nationwide Fund Management LLC. Together they provide advisory, distribution and administration services, respectively, to the Nationwide Funds. As of March 31, 2008, NFG managed approximately $41.7 billion in assets. For more information about Nationwide Funds, please visit nationwidefunds.com.
Nationwide Fund Advisors, Nationwide Fund Distributors LLC and Nationwide Fund Management LLC are wholly owned subsidiaries of NFS.
Nationwide Funds distributed by Nationwide Fund Distributors LLC, Member FINRA. 1200 River Road, Suite 1000, Conshohocken, Pa. 19428. Nationwide Fund Distributors LLC is not an affiliate of Aberdeen Asset Management Inc.
Investors should carefully consider a fund’s (and each of its underlying funds’) investment objectives, risks, fees, charges and expenses before investing any money. To obtain this and other Nationwide fund information, please call 800-848-0920 to request a Nationwide fund prospectus, or download a Nationwide fund prospectus at nationwidefunds.com. Please read it carefully before investing any money. To obtain this and other Aberdeen fund information, please call 866-667-9231, to request and Aberdeen fund prospectus, or download an Aberdeen fund prospectus at aberdeeninvestments.com.
Investing in mutual funds involves risk, including possible loss of principal.
There is no assurance that the investment objective of any fund will be achieved.
Nationwide, Nationwide Financial, Nationwide Funds, the
Nationwide Framemark and On Your Side are federally registered service
marks of Nationwide Mutual Insurance Company. Nationwide Funds Group is a
service mark of Nationwide Mutual Insurance Company.