Nationwide Variable Insurance Trust

09/12/2024 | Press release | Distributed by Public on 09/12/2024 11:59

Prospectus by Investment Company - Form 497

NATIONWIDE VARIABLE INSURANCE TRUST
NATIONWIDE VARIABLE INSURANCE TRUST
NVIT Allspring Discovery Fund
NVIT AQR Large Cap Defensive Style Fund
NVIT BlackRock Equity Dividend Fund
NVIT BNY Mellon Dynamic U.S. Core Fund
NVIT BNY Mellon Dynamic U.S. Equity Income Fund
NVIT Calvert Equity Fund
NVIT Columbia Overseas Value Fund
NVIT Emerging Markets Fund
NVIT International Equity Fund
NVIT Invesco Small Cap Growth Fund (formerly, NVIT Multi-Manager Small Cap Growth Fund)
NVIT Jacobs Levy Large Cap Core Fund
NVIT Jacobs Levy Large Cap Growth Fund
NVIT J.P. Morgan U.S. Equity Fund
NVIT Multi-Manager Small Cap Value Fund
NVIT Multi-Manager Small Company Fund
NVIT NS Partners International Focused Growth Fund
NVIT Real Estate Fund
NVIT Victory Mid Cap Value Fund (formerly, NVIT Multi-Manager Mid Cap Value Fund)
Supplement dated September 12, 2024
to the Prospectus dated April 29, 2024
Capitalized terms and certain other terms used in this supplement, unless otherwise defined in this supplement, have the meanings assigned to them in the Prospectus.
NVIT BNY Mellon Dynamic U.S. Equity Income Fund
Effective October 1, 2024, the Prospectus is amended as follows:
1.
The table under the heading "Fees and Expenses" on page 19 of the Prospectus is hereby deleted and replaced with the following:
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Class I
Shares 		Class II
Shares 		Class X
Shares 		Class Y
Shares 		Class Z
Shares
Management Fees
0.57 % 0.57 % 0.57 % 0.57 % 0.57 %
Distribution and/or Service (12b-1) Fees
None 0.25 % None None 0.25 %
Other Expenses
0.31 % 0.31 % 0.18 % 0.06 % 0.18 %
Total Annual Fund Operating Expenses
0.88 % 1.13 % 0.75 % 0.63 % 1.00 %
Fee Waiver/Expense Reimbursement(1),(2)
(0.12 )% (0.20 )% (0.12 )% (0.12 )% (0.12 )%
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement
0.76 % 0.93 % 0.63 % 0.51 % 0.88 %
(1)
Nationwide Variable Insurance Trust (the "Trust") and Nationwide Fund Distributors LLC have entered into a written contract waiving 0.08% of the Distribution and/or Service (12b-1) Fees for Class II shares until April 30, 2026. The written contract may be changed or eliminated only with the consent of the Board of Trustees of the Trust.
(2)
Nationwide Variable Insurance Trust (the "Trust") and Nationwide Fund Advisors (the "Adviser") have entered into a written contract limiting annual fund operating expenses to 0.76%, 0.93%, 0.63%, 0.51% and 0.88% for Class I, Class II, Class X, Class Y, and Class Z shares, respectively, until April 30, 2026. The expense limitation agreement may be changed or eliminated only with the consent of the Board of Trustees of the Trust. The Adviser may request and receive reimbursement from the Fund for advisory fees waived or other expenses reimbursed by the Adviser pursuant to the expense limitation agreement at a date not to exceed three years from the date in which the corresponding waiver or reimbursement to the Fund was made. However, no reimbursement may be made unless: (i) the Fund's assets exceed $100 million and (ii) the total annual expense ratio is no higher than the amount of the expense limitation that was in place at the time the Adviser waived the fees or reimbursed the expenses and does not cause the expense ratio to exceed the current expense limitation. Reimbursement by the Fund of amounts previously waived or reimbursed by the Adviser is not permitted except as provided for in the expense limitation agreement.
2.
The table under the heading "Example" on page 19 of the Prospectus is hereby deleted and replaced with the following:
1 Year 3 Years 5 Years 10 Years
Class I Shares
$ 78 $ 269 $ 476 $ 1,073
Class II Shares
95 339 603 1,357
Class X Shares
64 228 405 919
Class Y Shares
52 190 339 775
Class Z Shares
90 306 541 1,214
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE