# EDGAR Filing Document

**Accession Number:** 0000353905
**File Stem:** 0001193125-25-139174
**Filing Date:** 2025-6
**Character Count:** 15770
**Document Hash:** 56039cac1ed4d4159ea14eb039291875
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-139174.hdr.sgml**: 20250611

**ACCESSION NUMBER**: 0001193125-25-139174

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20250611

**DATE AS OF CHANGE**: 20250611

**EFFECTIVENESS DATE**: 20250611

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NATIONWIDE VARIABLE INSURANCE TRUST
- **CENTRAL INDEX KEY:** 0000353905

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 002-73024
- **FILM NUMBER:** 251040383

**BUSINESS ADDRESS:**
- **STREET 1:** ONE NATIONWIDE PLAZA
- **STREET 2:** MAIL CODE 5-02-210
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215
- **BUSINESS PHONE:** 614-435-5749

**MAIL ADDRESS:**
- **STREET 1:** ONE NATIONWIDE PLAZA
- **STREET 2:** MAIL CODE 5-02-210
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GARTMORE VARIABLE INSURANCE TRUST
- **DATE OF NAME CHANGE:** 20020125

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONWIDE SEPARATE ACCOUNT TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONWIDE SEPARATE ACCOUNT MONEY MARKET TRUST
- **DATE OF NAME CHANGE:** 19860226

## Series and Classes Contracts Data

### NVIT AQR Large Cap Defensive Style Fund (Series ID: S000005412)

---

|  |  |
|:---|:---|
| Class Name | Class ID   |
| Class I    | C000014724 |
| Class II   | C000014725 |
| Class IV   | C000014727 |
| Class Y    | C000062009 |

---

## Series and Classes Contracts Data

### NVIT AQR Large Cap Defensive Style Fund (Series ID: S000005412)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000014724 | Class I      |  |
| C000014725 | Class II     |  |
| C000014727 | Class IV     |  |
| C000062009 | Class Y      |  |

**NATIONWIDE VARIABLE INSURANCE TRUST** 

---

| | |
|:---|:---|
|  NVIT Allspring Discovery Fund | NVIT J.P. Morgan U.S. Equity Fund |
|  NVIT Amundi Multi Sector Bond Fund | NVIT J.P. Morgan US Technology Leaders Fund |
|  NVIT AQR Large Cap Defensive Style Fund | NVIT Jacobs Levy Large Cap Core Fund |
|  NVIT BlackRock Equity Dividend Fund | NVIT Jacobs Levy Large Cap Growth Fund |
|  NVIT BNY Mellon Dynamic U.S. Core Fund | NVIT Loomis Core Bond Fund *(formerly, NVIT Core* |
|  NVIT BNY Mellon Dynamic U.S. Equity Income | *Bond Fund)* |
|  Fund | NVIT Loomis Short Term Bond Fund |
|  NVIT Bond Index Fund | NVIT Loomis Short Term High Yield Fund |
|  NVIT Calvert Equity Fund  | *(formerly, NVIT Federated High Income Bond Fund)* |
|  NVIT DoubleLine Total Return Tactical Fund | NVIT Mid Cap Index Fund |
|  NVIT Fidelity Institutional AM<sup>®</sup> Emerging Markets | NVIT Multi-Manager Small Cap Value Fund |
|  Fund *(formerly, NVIT Emerging Markets Fund)* | NVIT Multi-Manager Small Company Fund |
|  NVIT Government Bond Fund | NVIT NS Partners International Focused Growth Fund |
|  NVIT Government Money Market Fund | NVIT Putnam International Value Fund *(formerly,* |
|  NVIT International Equity Fund | *NVIT Columbia Overseas Value Fund)* |
|  NVIT International Index Fund | NVIT Real Estate Fund |
|  NVIT Invesco Small Cap Growth Fund | NVIT S&P 500 Index Fund |
|  NVIT J.P. Morgan Digital Evolution Strategy Fund | NVIT Small Cap Index Fund |
|  NVIT J.P. Morgan Innovators Fund | NVIT Victory Mid Cap Value Fund |
|  NVIT J.P. Morgan Large Cap Growth Fund |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Supplement dated June 11, 2025** 

**to the Statement of Additional Information ("SAI") dated April 30, 2025** 

*Capitalized terms and certain other terms used in this supplement, unless otherwise defined in this supplement, have the meanings assigned to them in the SAI.* 

**<u>NVIT AQR Large Cap Defensive Style Fund</u>**

1. At a meeting of the Board of Trustees (the "Board") of Nationwide Variable Insurance Trust held on
June 10, 2025, the Board approved the termination of AQR Capital Management, LLC ("AQR") as the subadviser to the NVIT AQR Large Cap Defensive Style Fund (the "Fund") and the appointment of J.P. Morgan Investment Management
Inc. ("JPMIM") as the Fund's new subadviser, effective on or about September 22, 2025 (the "Effective Date").

2. As of the Effective Date, the SAI is amended as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The Fund is renamed the "NVIT J.P. Morgan Equity and Options Total Return Fund." All references to
the Fund's former name in the SAI are replaced accordingly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. All references to, and information regarding, AQR, are hereby deleted in their entirety.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The following replaces the information in the table regarding the Fund under the heading "Investment
Advisory and Other Services – Subadvisers" on page 74 of the SAI:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**Fund** | **Subadviser** |
| &nbsp;&nbsp;&nbsp; NVIT J.P. Morgan Equity and Options Total Return Fund | J.P. Morgan Investment Management Inc. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. The subsection "Investments in Each Fund" under the heading "Appendix C – Portfolio
Managers" is amended to include the following:

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; **Name of Portfolio**<br> **Manager** | **Fund Name** | **Dollar Range of Investments in**<br> **Each Fund** *(as of March 31, 2025)* |
| &nbsp;&nbsp;&nbsp; ***J.P. Morgan Investment Management Inc.*** | &nbsp;&nbsp;&nbsp; ***J.P. Morgan Investment Management Inc.*** | &nbsp;&nbsp;&nbsp; ***J.P. Morgan Investment Management Inc.*** |
| &nbsp;&nbsp;&nbsp; Hamilton Reiner | NVIT J.P. Morgan Equity and<br> Options Total Return Fund |  |
| &nbsp;&nbsp;&nbsp; Eric Moreau | NVIT J.P. Morgan Equity and<br> Options Total Return Fund |  |
| &nbsp;&nbsp;&nbsp; Matthew Bensen, CFA | NVIT J.P. Morgan Equity and<br> Options Total Return Fund |  |
| &nbsp;&nbsp;&nbsp; Judy Jansen | NVIT J.P. Morgan Equity and<br> Options Total Return Fund |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. The following replaces the information relating to JPMIM under subsection "Description of Compensation
Structure" under the heading "Appendix C – Portfolio Managers":

**<u>J.P. Morgan Investment Management Inc. ("JP Morgan" – ("JPMIM")</u>**

JPMIM's compensation programs are designed to align the behavior of employees with the achievement of its short- and long-term strategic goals, which revolve around client investment objectives. This is accomplished, in part, through a balanced performance assessment process and total compensation program, as well as a clearly defined culture that rigorously and consistently promotes adherence to the highest ethical standards.

The compensation framework for JPMIM Portfolio Managers participating in public market investing activities is based on several factors that drive alignment with client objectives, the primary of which is investment performance, alongside of the firm-wide performance dimensions. The framework focuses on Total Compensation – base salary and variable compensation. Variable compensation is in the form of cash incentives, and/or long-term incentives in the form of fundtracking incentives (referred to as the "Mandatory Investment Plan" or "MIP") and/or equity-based JPMorgan Chase Restricted Stock Units ("RSUs") with defined vesting schedules and corresponding terms and conditions. Long-term incentive awards may comprise up to 60% of overall incentive compensation, depending on an employee's pay level.

The performance dimensions for Portfolio Managers are evaluated annually based on several factors that drive investment outcomes and value—aligned with client objectives—including, but not limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Investment performance, generally weighted more to the long-term, with specific consideration for Portfolio
Managers of investment performance relative to competitive indices or peers over one, three, five and ten year periods, or, in the case of funds designed to track the performance of a particular index, the Portfolio Managers success in tracking such
index;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The scale and complexity of their investment responsibilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Individual contribution relative to the client's risk and return objectives; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Business results, as informed by investment performance; risk, controls and conduct objectives;
client/customer/stakeholder objectives, teamwork and leadership objectives; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adherence with JPMorgan's compliance, risk, regulatory and client fiduciary responsibilities, including, as
applicable, adherence to the JPMorgan Asset Management Sustainability Risk Integration Policy which contains relevant financially material Environmental, Social and Corporate Governance ("ESG") factors that are intended to be assessed in
investment decision-making.

In addition to the above performance dimensions, the firm-wide pay-for-per performance framework is integrated into the final assessment of incentive compensation for an individual Portfolio Manager. Feedback from JPMorgan's risk and control professionals is considered in assessing performance and compensation.

------

Portfolio Managers are subject to a mandatory deferral of long-term incentive compensation under JPMorgan's "MIP". In general, the MIP provides for a rate of return equal to that of the particular fund(s), thereby aligning the Portfolio Manager's pay with that of the client's experience/return.

For Portfolio Managers participating in public market investing activities, 50% of their long-term incentives are subject to a mandatory deferral in the MIP, and the remaining 50% can be granted in the form of RSUs or additional participation in MIP at the election of the Portfolio Manager.

For the portion of long-term incentives subject to mandatory deferral in the MIP (50%), the incentives are allocated to the fund(s) the Portfolio Manager manages, as determined by the employee's respective manager and reviewed by senior management.).

In addition, named Portfolio Managers on a sustainable fund(s) are required to allocate at least 25% of their mandatory deferral in at least one dedicated sustainable fund(s).

To hold individuals responsible for taking risks inconsistent with JPMorgan's risk appetite and to discourage future imprudent behavior, we have policies and procedures that enable us to take prompt and proportionate actions with respect to accountable individuals, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reducing or altogether eliminating annual incentive compensation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Canceling unvested awards (in full or in part);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Clawback/recovery of previously paid compensation (cash and / or equity);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Demotion, negative performance rating or other appropriate employment actions; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Termination of employment.

The precise actions we take with respect to accountable individuals are based on circumstances, including the nature of their involvement, the magnitude of the event and the impact on JPMorgan.

In evaluating each portfolio manager's performance with respect to the accounts he or she manages, JPMorgan uses the following indices as benchmarks to evaluate the performance of the portfolio manager with respect to the accounts:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**Name of Fund** | **Benchmark** |
| &nbsp;&nbsp;&nbsp; NVIT J.P. Morgan U.S. Equity Fund | S&P 500 Gross Return in USD |
| &nbsp;&nbsp;&nbsp; NVIT J.P. Morgan Digital Evolution Strategy Fund | S&P North American Technology Sector Index Gross Return in USD |
| &nbsp;&nbsp;&nbsp; NVIT J.P. Morgan Innovators Fund | Russell 1000 Growth Return in USD |
| &nbsp;&nbsp;&nbsp; NVIT J.P. Morgan Large Cap Growth Fund | Russell 1000 Growth Return in USD |
| &nbsp;&nbsp;&nbsp; NVIT J.P. Morgan US Technology Leaders Fund | Russell 1000 EW Technology Gross Return in USD |
| &nbsp;&nbsp;&nbsp; NVIT J.P. Morgan Equity and Options Total Return Fund | S&P 500 Total Return in USD |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. The subsection "Other Managed Accounts" under the heading "Appendix C – Portfolio
Managers" is amended to include the following:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**Name of Portfolio Manager** | **Number of Accounts Managed by Each Portfolio Manager and**<br> **Total Assets by Category** <br> *(As of March 31, 2025)* |
| &nbsp;&nbsp;&nbsp; *J.P. Morgan Investment Management Inc.* | &nbsp;&nbsp;&nbsp; *J.P. Morgan Investment Management Inc.* |
| &nbsp;&nbsp;&nbsp; Hamilton Reiner | Mutual Funds: 12 accounts, $101.7 billion total assets (0 accounts, $0 total assets for which the advisory fee is based on performance) |
| &nbsp;&nbsp;&nbsp; Hamilton Reiner | Other Pooled Investment Vehicles: 12 accounts, $3.3 billion total assets (0 accounts, 0 total assets for which the advisory fee is based on performance) |

---

------

---

| | |
|:---|:---|
|  | Other Accounts: 0 accounts, $0 total assets (0 accounts, $0 total assets for which the advisory fee is based on performance) |
| &nbsp;&nbsp;&nbsp; Eric Moreau | Mutual Funds: 7 accounts, $23 billion total assets (0 accounts, $0 total assets for which the advisory fee is based on performance) |
| &nbsp;&nbsp;&nbsp; Eric Moreau | Other Pooled Investment Vehicles: 4 accounts, $1.3 billion total assets 0 accounts, $0 total assets for which the advisory fee is based on performance) |
| &nbsp;&nbsp;&nbsp; Eric Moreau | Other Accounts: 0 accounts, $0 total assets (0 accounts, $0 total assets for which the advisory fee is based on performance) |
| &nbsp;&nbsp;&nbsp; Matthew Bensen, CFA | Mutual Funds: 10 accounts, $100.4 billion total assets (0 accounts, $0 total assets for which the advisory fee is based on performance) |
| &nbsp;&nbsp;&nbsp; Matthew Bensen, CFA | Other Pooled Investment Vehicles: 12 accounts, $3.3 billion total assets (0 accounts, $0 total assets for which the advisory fee is based on performance) |
| &nbsp;&nbsp;&nbsp; Matthew Bensen, CFA | Other Accounts: 0 accounts, $0 total assets (0 accounts, $0 total assets for which the advisory fee is based on performance) |
| &nbsp;&nbsp;&nbsp; Judy Jansen | Mutual Funds: 10 accounts, $100.4 billion total assets (0 accounts, $0 total assets for which the advisory fee is based on performance) |
| &nbsp;&nbsp;&nbsp; Judy Jansen | Other Pooled Investment Vehicles: 12 accounts, $3.3 billion total assets (0 accounts, $0 total assets for which the advisory fee is based on performance) |
| &nbsp;&nbsp;&nbsp; Judy Jansen | Other Accounts: 0 accounts, $0 total assets (0 accounts, $0 total assets for which the advisory fee is based on performance) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Shareholders of the Fund will receive an Information Statement in the near future, as required under the
Trust's Manager of Managers Exemptive Order, with more detailed information about JPMIM.

**PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE**