# EDGAR Filing Document

**Accession Number:** 0000353905
**File Stem:** 0001137439-23-000010
**Filing Date:** 2023-1
**Character Count:** 194655
**Document Hash:** 8d8563effac8287647212073c8d56a64
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001137439-23-000010.hdr.sgml**: 20230103

**ACCESSION NUMBER**: 0001137439-23-000010

**CONFORMED SUBMISSION TYPE**: POS AMI

**PUBLIC DOCUMENT COUNT**: 6

**FILED AS OF DATE**: 20230103

**DATE AS OF CHANGE**: 20230103

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NATIONWIDE VARIABLE INSURANCE TRUST
- **CENTRAL INDEX KEY:** 0000353905
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** POS AMI
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03213
- **FILM NUMBER:** 23500525

**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 GS Emerging Markets Equity Insights Fund (Series ID: S000066679)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000214896 | Class Y      |  |

### NVIT GS International Equity Insights Fund (Series ID: S000066680)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000214897 | Class Y      |  |

### NVIT GS Large Cap Equity Insights Fund (Series ID: S000066681)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000214898 | Class Y      |  |

### NVIT GS Small Cap Equity Insights Fund (Series ID: S000066682)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000214899 | Class Y      |  |

### NVIT U.S. 130/30 Equity Fund (Series ID: S000067312)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000216457 | Class Y      |  |

---

| | |
|:---|:---|
| 1940 Act File No. 811-03213 | 1940 Act File No. 811-03213 |
| AS FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION ON JANUARY 3, 2023 | AS FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION ON JANUARY 3, 2023 |
| U.S. SECURITIES AND EXCHANGE COMMISSION | U.S. SECURITIES AND EXCHANGE COMMISSION |
| Washington, D.C. 20549 | Washington, D.C. 20549 |
| FORM N-1A | FORM N-1A |
| REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 | REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 |
| Amendment No. 260 | Amendment No. 260 |
| (Check appropriate box or boxes) | (Check appropriate box or boxes) |
| **NATIONWIDE VARIABLE INSURANCE TRUST** | **NATIONWIDE VARIABLE INSURANCE TRUST** |
| (Exact Name of Registrant as Specified In Its Charter) | (Exact Name of Registrant as Specified In Its Charter) |
| One Nationwide Plaza<br> Mail Code 05-02-210 | One Nationwide Plaza<br> Mail Code 05-02-210 |
| Columbus, Ohio 43215 | Columbus, Ohio 43215 |
| (Address of Principal Executive Office) (Zip Code) | (Address of Principal Executive Office) (Zip Code) |
| **Registrant's Telephone Number, including Area Code: (614) 435-5787** | **Registrant's Telephone Number, including Area Code: (614) 435-5787** |
| Send Copies of Communications to: | Send Copies of Communications to: |
| ALLAN J. OSTER, ESQ. | PRUFESH R. MODHERA, ESQ. |
| 10 WEST NATIONWIDE BOULEVARD | STRADLEY RONON STEVENS & YOUNG, LLP |
| COLUMBUS, OH 43215 | 2000 K STREET, N.W., SUITE 700 |
| (Name and Address of Agent for Service) | WASHINGTON, DC 20006 |

---

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#### EXPLANATORY NOTE

This Amendment No. 260 (the "Amendment") to the Registration Statement of Nationwide Variable Insurance Trust (the "Registrant") on Form N-1A is being filed under the Investment Company Act of 1940 (the "1940 Act"), as amended, to amend and supplement Amendment No. 258 to the Registrant's Registration Statement on Form N-1A, filed with the U.S. Securities and Exchange Commission (the "Commission") on April 28, 2022 under the 1940 Act (Accession No. 0001193125-22-127484) ("Amendment No. 258"), as pertaining to Part B of the NVIT GS Emerging Markets Equity Insights Fund, NVIT GS International Equity Insights Fund, NVIT GS Large Cap Equity Insights Fund, NVIT GS Small Cap Equity Insights Fund and NVIT U.S. 130/30 Equity Fund (each a "Fund" and together, the "Funds"), each a series of the Registrant.

[Part A and Part B of the Funds, as filed in Amendment No. 258, are incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522127484/d318324dposami.htm)

The shares of beneficial interest ("Shares") of the series of the Registrant are not registered under the Securities Act of 1933, as amended (the "Securities Act"), because each series of the Registrant issues its shares only in private placement transactions that do not involve a public offering within the meaning of Section 4(a)(2) of the Securities Act.

Shares of the series of the Registrant may be purchased only by "accredited investors," as defined in Regulation D under the Securities Act. This Amendment is not offering to sell, or soliciting any offer to buy, any security to the public within the meaning of the Securities Act.

The unaudited [Financial Statement](https://www.sec.gov/Archives/edgar/data/353905/000183967322000029/primarydocument.htm) of the Funds for the period ended June 30, 2022, as filed with the Commission on August 22, 2022 (Accession No. 0001839673-22-000023) contained in the Semi-Annual Report of the Registrant, dated June 30, 2022, is incorporated herein by reference. Additionally, the audited [Financial Statement and the Report of Independent Registered Public Accounting Firm](https://www.sec.gov/Archives/edgar/data/353905/000183967322000004/primary-document.htm) of the Fund for the fiscal year ended December 31, 2021, as filed with the Commission on February 22, 2022 (Accession No. 0001839673-22-000004) contained in the Annual Report of the Registrant, dated December 31, 2021, is incorporated herein by reference.

This Registration Statement relates only to the Funds and does not incorporate by reference the currently effective Part A and Part B for the Registrant's other series.

------

#### NATIONWIDE VARIABLE INSURANCE TRUST
NVIT GS Emerging Markets Equity Insights Fund

NVIT GS International Equity Insights Fund

NVIT GS Large Cap Equity Insights Fund

NVIT GS Small Cap Equity Insights Fund

#### Amendment dated January 3, 2023

#### to the Statement of Additional Information ("SAI") dated April 28, 2022

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Effective December 31, 2022, Paula H.J. Cholmondeley and Phyllis Kay Dryden retired from the Board of Trustees of Nationwide Mutual Funds (the "Trust").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. On June 15, 2022, the Board of Trustees of the Trust approved the nomination of Kristina Junco Bradshaw and Charlotte Tiedemann Petersen
 (the "New Trustees") to serve as Trustees of the Trust. Their terms commenced on January 1, 2023. The New Trustees are not considered to be "interested
 persons" of the Trust as defined in the Investment Company Act of 1940, as amended.

3. Effective immediately, the SAI is amended as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The following replaces the tables and accompanying footnotes under the heading "Independent Trustees" and "Interested Trustee" beginning on page 35 of the SAI:

#### Independent Trustees

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| | | |
|:---|:---|:---|
| **Kristina Junco Bradshaw** | **Kristina Junco Bradshaw** | **Kristina Junco Bradshaw** |
| **Year of Birth** | **Positions Held with Trust and Length of Time Served<sup>1</sup>** | **Number of Portfolios Overseen in the Nationwide Fund Complex** |
| 1980 | Trustee since January 2023 | 134 |
| **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Retired. Ms. Bradshaw was a Portfolio Manager on the Dividend Value team at Invesco from August 2006 to August 2020. Prior to this time, Ms. Bradshaw was an investment banker in the Global Energy & Utilities group at Morgan Stanley from June 2002 to July 2004. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Retired. Ms. Bradshaw was a Portfolio Manager on the Dividend Value team at Invesco from August 2006 to August 2020. Prior to this time, Ms. Bradshaw was an investment banker in the Global Energy & Utilities group at Morgan Stanley from June 2002 to July 2004. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Retired. Ms. Bradshaw was a Portfolio Manager on the Dividend Value team at Invesco from August 2006 to August 2020. Prior to this time, Ms. Bradshaw was an investment banker in the Global Energy & Utilities group at Morgan Stanley from June 2002 to July 2004. |
| **Other Directorships held During the Past Five Years**<sup>2</sup> Board Member of Southern Smoke Foundation from August 2020 to present, Advisory Board Member of Dress for Success from April 2013 to present, Trustee/Executive Board Member of Houston Ballet from September 2011 to present and President since July 2022, and Board Member of Hermann Park Conservancy from August 2011 to present, serving as Board Chair since 2020. | **Other Directorships held During the Past Five Years**<sup>2</sup> Board Member of Southern Smoke Foundation from August 2020 to present, Advisory Board Member of Dress for Success from April 2013 to present, Trustee/Executive Board Member of Houston Ballet from September 2011 to present and President since July 2022, and Board Member of Hermann Park Conservancy from August 2011 to present, serving as Board Chair since 2020. | **Other Directorships held During the Past Five Years**<sup>2</sup> Board Member of Southern Smoke Foundation from August 2020 to present, Advisory Board Member of Dress for Success from April 2013 to present, Trustee/Executive Board Member of Houston Ballet from September 2011 to present and President since July 2022, and Board Member of Hermann Park Conservancy from August 2011 to present, serving as Board Chair since 2020. |
| **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Bradshaw has significant board experience; significant portfolio management experience in the investment management industry and is a Chartered Financial Analyst. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Bradshaw has significant board experience; significant portfolio management experience in the investment management industry and is a Chartered Financial Analyst. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Bradshaw has significant board experience; significant portfolio management experience in the investment management industry and is a Chartered Financial Analyst. |
| **Lorn C. Davis** | **Lorn C. Davis** | **Lorn C. Davis** |
| **Year of Birth** | **Positions Held with Trust and Length of Time Served<sup>1</sup>** | **Number of Portfolios Overseen in the Nationwide Fund Complex** |
| 1968 | Trustee since January 2021 | 134 |
| **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Mr. Davis has been a Managing Partner of College Hill Capital Partners, LLC (private equity) since June 2016. From September 1998 until May 2016, Mr. Davis originated and managed debt and equity investments for John Hancock Life Insurance Company (U.S.A.)/Hancock Capital Management, LLC, serving as a Managing Director from September 2003 through May 2016. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Mr. Davis has been a Managing Partner of College Hill Capital Partners, LLC (private equity) since June 2016. From September 1998 until May 2016, Mr. Davis originated and managed debt and equity investments for John Hancock Life Insurance Company (U.S.A.)/Hancock Capital Management, LLC, serving as a Managing Director from September 2003 through May 2016. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Mr. Davis has been a Managing Partner of College Hill Capital Partners, LLC (private equity) since June 2016. From September 1998 until May 2016, Mr. Davis originated and managed debt and equity investments for John Hancock Life Insurance Company (U.S.A.)/Hancock Capital Management, LLC, serving as a Managing Director from September 2003 through May 2016. |

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| | | |
|:---|:---|:---|
| **Other Directorships held During the Past Five Years**<sup>2</sup> Board Member of Outlook Group Holdings, LLC from July 2006 to May 2016, serving as Chair to the Audit committee and member of the Compensation committee, Board Member of MA Holdings, LLC from November 2006 to October 2015, Board Member of IntegraColor, Ltd. from February 2007 to September 2015, Board Member of The Pine Street Inn from 2009 to present, currently serving as Chair of the Board, Member of the Advisory Board (non-fiduciary) of Mearthane Products Corporation from September 2019 to present, and Board Member of The College of Holy Cross since July 2022. | **Other Directorships held During the Past Five Years**<sup>2</sup> Board Member of Outlook Group Holdings, LLC from July 2006 to May 2016, serving as Chair to the Audit committee and member of the Compensation committee, Board Member of MA Holdings, LLC from November 2006 to October 2015, Board Member of IntegraColor, Ltd. from February 2007 to September 2015, Board Member of The Pine Street Inn from 2009 to present, currently serving as Chair of the Board, Member of the Advisory Board (non-fiduciary) of Mearthane Products Corporation from September 2019 to present, and Board Member of The College of Holy Cross since July 2022. | **Other Directorships held During the Past Five Years**<sup>2</sup> Board Member of Outlook Group Holdings, LLC from July 2006 to May 2016, serving as Chair to the Audit committee and member of the Compensation committee, Board Member of MA Holdings, LLC from November 2006 to October 2015, Board Member of IntegraColor, Ltd. from February 2007 to September 2015, Board Member of The Pine Street Inn from 2009 to present, currently serving as Chair of the Board, Member of the Advisory Board (non-fiduciary) of Mearthane Products Corporation from September 2019 to present, and Board Member of The College of Holy Cross since July 2022. |
| **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Davis has significant board experience; significant past service at a large asset management company and significant experience in the investment management industry. Mr. Davis is a Chartered Financial Analyst and earned a Certificate of Director Education from the National Association of Corporate Directors in 2008. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Davis has significant board experience; significant past service at a large asset management company and significant experience in the investment management industry. Mr. Davis is a Chartered Financial Analyst and earned a Certificate of Director Education from the National Association of Corporate Directors in 2008. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Davis has significant board experience; significant past service at a large asset management company and significant experience in the investment management industry. Mr. Davis is a Chartered Financial Analyst and earned a Certificate of Director Education from the National Association of Corporate Directors in 2008. |
| **Barbara I. Jacobs** | **Barbara I. Jacobs** | **Barbara I. Jacobs** |
| **Year of Birth** | **Positions Held with Trust and Length of Time Served<sup>1</sup>** | **Number of Portfolios Overseen in the Nationwide Fund Complex** |
| 1950 | Trustee since December 2004 | 134 |
| **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Retired. From 1988 through 2003, Ms. Jacobs was a Managing Director and European Portfolio Manager of CREF Investments (Teachers Insurance and Annuity Association—College Retirement Equities Fund). Ms. Jacobs also served as Chairman of the Board of Directors of KICAP Network Fund, a European (United Kingdom) hedge fund, from January 2001 through January 2006. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Retired. From 1988 through 2003, Ms. Jacobs was a Managing Director and European Portfolio Manager of CREF Investments (Teachers Insurance and Annuity Association—College Retirement Equities Fund). Ms. Jacobs also served as Chairman of the Board of Directors of KICAP Network Fund, a European (United Kingdom) hedge fund, from January 2001 through January 2006. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Retired. From 1988 through 2003, Ms. Jacobs was a Managing Director and European Portfolio Manager of CREF Investments (Teachers Insurance and Annuity Association—College Retirement Equities Fund). Ms. Jacobs also served as Chairman of the Board of Directors of KICAP Network Fund, a European (United Kingdom) hedge fund, from January 2001 through January 2006. |
| **Other Directorships held During the Past Five Years**<sup>2</sup> Trustee and Board Chair of Project Lede from 2013 to present. | **Other Directorships held During the Past Five Years**<sup>2</sup> Trustee and Board Chair of Project Lede from 2013 to present. | **Other Directorships held During the Past Five Years**<sup>2</sup> Trustee and Board Chair of Project Lede from 2013 to present. |
| **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Jacobs has significant board experience and significant executive and portfolio management experience in the investment management industry. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Jacobs has significant board experience and significant executive and portfolio management experience in the investment management industry. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Jacobs has significant board experience and significant executive and portfolio management experience in the investment management industry. |
| **Keith F. Karlawish** | **Keith F. Karlawish** | **Keith F. Karlawish** |
| **Year of Birth** | **Positions Held with Trust and Length of Time Served<sup>1</sup>** | **Number of Portfolios Overseen in the Nationwide Fund Complex** |
| 1964 | Trustee since March 2012; Chairman since January 2021 | 134 |
| **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Mr. Karlawish is a Senior Director of Wealth Management with Curi Capital which acquired Park Ridge Asset Management, LLC in August 2022. Prior to this time, Mr. Karlawish was a partner with Park Ridge Asset Management, LLC since December 2008 and also served as a portfolio manager. From May 2002 until October 2008, Mr. Karlawish was the President of BB&T Asset Management, Inc., and was President of the BB&T Mutual Funds and BB&T Variable Insurance Funds from February 2005 until October 2008. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Mr. Karlawish is a Senior Director of Wealth Management with Curi Capital which acquired Park Ridge Asset Management, LLC in August 2022. Prior to this time, Mr. Karlawish was a partner with Park Ridge Asset Management, LLC since December 2008 and also served as a portfolio manager. From May 2002 until October 2008, Mr. Karlawish was the President of BB&T Asset Management, Inc., and was President of the BB&T Mutual Funds and BB&T Variable Insurance Funds from February 2005 until October 2008. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Mr. Karlawish is a Senior Director of Wealth Management with Curi Capital which acquired Park Ridge Asset Management, LLC in August 2022. Prior to this time, Mr. Karlawish was a partner with Park Ridge Asset Management, LLC since December 2008 and also served as a portfolio manager. From May 2002 until October 2008, Mr. Karlawish was the President of BB&T Asset Management, Inc., and was President of the BB&T Mutual Funds and BB&T Variable Insurance Funds from February 2005 until October 2008. |
| **Other Directorships held During the Past Five Years**<sup>2</sup> None | **Other Directorships held During the Past Five Years**<sup>2</sup> None | **Other Directorships held During the Past Five Years**<sup>2</sup> None |
| **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Karlawish has significant board experience, including past service on the boards of BB&T Mutual Funds and BB&T Variable Insurance Funds; significant executive experience, including past service at a large asset management company and significant experience in the investment management industry. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Karlawish has significant board experience, including past service on the boards of BB&T Mutual Funds and BB&T Variable Insurance Funds; significant executive experience, including past service at a large asset management company and significant experience in the investment management industry. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Karlawish has significant board experience, including past service on the boards of BB&T Mutual Funds and BB&T Variable Insurance Funds; significant executive experience, including past service at a large asset management company and significant experience in the investment management industry. |
| **Carol A. Kosel** | **Carol A. Kosel** | **Carol A. Kosel** |
| **Year of Birth** | **Positions Held with Trust and Length of Time Served<sup>1</sup>** | **Number of Portfolios Overseen in the Nationwide Fund Complex** |
| 1963 | Trustee since March 2013 | 134 |
| **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Retired. Ms. Kosel was a consultant to the Evergreen Funds Board of Trustees from October 2005 to December 2007. She was Senior Vice President, Treasurer, and Head of Fund Administration of the Evergreen Funds from April 1997 to October 2005. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Retired. Ms. Kosel was a consultant to the Evergreen Funds Board of Trustees from October 2005 to December 2007. She was Senior Vice President, Treasurer, and Head of Fund Administration of the Evergreen Funds from April 1997 to October 2005. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Retired. Ms. Kosel was a consultant to the Evergreen Funds Board of Trustees from October 2005 to December 2007. She was Senior Vice President, Treasurer, and Head of Fund Administration of the Evergreen Funds from April 1997 to October 2005. |
| **Other Directorships held During the Past Five Years**<sup>2</sup> None | **Other Directorships held During the Past Five Years**<sup>2</sup> None | **Other Directorships held During the Past Five Years**<sup>2</sup> None |

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| | | |
|:---|:---|:---|
| **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Kosel has significant board experience, including past service on the boards of Evergreen Funds and Sun Capital Advisers Trust; significant executive experience, including past service at a large asset management company and significant experience in the investment management industry. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Kosel has significant board experience, including past service on the boards of Evergreen Funds and Sun Capital Advisers Trust; significant executive experience, including past service at a large asset management company and significant experience in the investment management industry. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Kosel has significant board experience, including past service on the boards of Evergreen Funds and Sun Capital Advisers Trust; significant executive experience, including past service at a large asset management company and significant experience in the investment management industry. |
| **Douglas F. Kridler** | **Douglas F. Kridler** | **Douglas F. Kridler** |
| **Year of Birth** | **Positions Held with Trust and Length of Time Served<sup>1</sup>** | **Number of Portfolios Overseen in the Nationwide Fund Complex** |
| 1955 | Trustee since September 1997 | 134 |
| **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Since 2002, Mr. Kridler has served as the President and Chief Executive Officer of The Columbus Foundation, a $2.5 billion community foundation with 2,000 funds in 55 Ohio counties and 37 states in the U.S. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Since 2002, Mr. Kridler has served as the President and Chief Executive Officer of The Columbus Foundation, a $2.5 billion community foundation with 2,000 funds in 55 Ohio counties and 37 states in the U.S. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Since 2002, Mr. Kridler has served as the President and Chief Executive Officer of The Columbus Foundation, a $2.5 billion community foundation with 2,000 funds in 55 Ohio counties and 37 states in the U.S. |
| **Other Directorships held During the Past Five Years**<sup>2</sup> None | **Other Directorships held During the Past Five Years**<sup>2</sup> None | **Other Directorships held During the Past Five Years**<sup>2</sup> None |
| **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Kridler has significant board experience; significant executive experience, including service as president and chief executive officer of one of America's largest community foundations and significant service to his community and the philanthropic field in numerous leadership roles. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Kridler has significant board experience; significant executive experience, including service as president and chief executive officer of one of America's largest community foundations and significant service to his community and the philanthropic field in numerous leadership roles. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Kridler has significant board experience; significant executive experience, including service as president and chief executive officer of one of America's largest community foundations and significant service to his community and the philanthropic field in numerous leadership roles. |
| **Charlotte Tiedemann Petersen** | **Charlotte Tiedemann Petersen** | **Charlotte Tiedemann Petersen** |
| **Year of Birth** | **Positions Held with Trust and Length of Time Served<sup>1</sup>** | **Number of Portfolios Overseen in the Nationwide Fund Complex** |
| 1960 | Trustee since January 2023 | 134 |
| **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Self-employed as a private real estate investor/principal since January 2011. Ms. Petersen served as Chief Investment Officer at Alexander Capital Management from April 2006 to December 2010. From July 1993 to June 2002, Ms. Petersen was a Portfolio Manager, Partner and Management Committee member of Denver Investment Advisors LLC. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Self-employed as a private real estate investor/principal since January 2011. Ms. Petersen served as Chief Investment Officer at Alexander Capital Management from April 2006 to December 2010. From July 1993 to June 2002, Ms. Petersen was a Portfolio Manager, Partner and Management Committee member of Denver Investment Advisors LLC. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Self-employed as a private real estate investor/principal since January 2011. Ms. Petersen served as Chief Investment Officer at Alexander Capital Management from April 2006 to December 2010. From July 1993 to June 2002, Ms. Petersen was a Portfolio Manager, Partner and Management Committee member of Denver Investment Advisors LLC. |
| **Other Directorships held During the Past Five Years**<sup>2</sup> Investment Committee for the University of Colorado Foundation from February 2015 to June 2022. | **Other Directorships held During the Past Five Years**<sup>2</sup> Investment Committee for the University of Colorado Foundation from February 2015 to June 2022. | **Other Directorships held During the Past Five Years**<sup>2</sup> Investment Committee for the University of Colorado Foundation from February 2015 to June 2022. |
| **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Petersen has significant board experience including past service as a Trustee of Scout Funds and Director of Fischer Imaging, where she chaired committees for both entities; significant experience in the investment management industry and is a Chartered Financial Analyst. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Petersen has significant board experience including past service as a Trustee of Scout Funds and Director of Fischer Imaging, where she chaired committees for both entities; significant experience in the investment management industry and is a Chartered Financial Analyst. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Petersen has significant board experience including past service as a Trustee of Scout Funds and Director of Fischer Imaging, where she chaired committees for both entities; significant experience in the investment management industry and is a Chartered Financial Analyst. |
| **David E. Wezdenko** | **David E. Wezdenko** | **David E. Wezdenko** |
| **Year of Birth** | **Positions Held with Trust and Length of Time Served<sup>1</sup>** | **Number of Portfolios Overseen in the Nationwide Fund Complex** |
| 1963 | Trustee since January 2021 | 134 |
| **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Mr. Wezdenko is a Co-Founder of Blue Leaf Ventures (venture capital firm, founded May 2018). From November 2008 until December 2017, Mr. Wezdenko was Managing Director of JPMorgan Chase & Co. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Mr. Wezdenko is a Co-Founder of Blue Leaf Ventures (venture capital firm, founded May 2018). From November 2008 until December 2017, Mr. Wezdenko was Managing Director of JPMorgan Chase & Co. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Mr. Wezdenko is a Co-Founder of Blue Leaf Ventures (venture capital firm, founded May 2018). From November 2008 until December 2017, Mr. Wezdenko was Managing Director of JPMorgan Chase & Co. |
| **Other Directorships held During the Past Five Years**<sup>2</sup> Independent Trustee for National Philanthropic Trust from October 2021 to present. Board Director of J.P. Morgan Private Placements LLC from January 2010 to December 2017. | **Other Directorships held During the Past Five Years**<sup>2</sup> Independent Trustee for National Philanthropic Trust from October 2021 to present. Board Director of J.P. Morgan Private Placements LLC from January 2010 to December 2017. | **Other Directorships held During the Past Five Years**<sup>2</sup> Independent Trustee for National Philanthropic Trust from October 2021 to present. Board Director of J.P. Morgan Private Placements LLC from January 2010 to December 2017. |
| **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Wezdenko has significant board experience; significant past service at a large asset and wealth management company and significant experience in the investment management industry. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Wezdenko has significant board experience; significant past service at a large asset and wealth management company and significant experience in the investment management industry. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Wezdenko has significant board experience; significant past service at a large asset and wealth management company and significant experience in the investment management industry. |

---

#### Interested Trustee

---

| | |
|:---|:---|
| M. Diane Koken<sup>3</sup> | M. Diane Koken<sup>3</sup> |
| **Year of Birth**<br> **Positions Held with Trust and Length of Time Served<sup>1</sup>** | **Number of Portfolios Overseen in the Nationwide Fund Complex** |

---

------

---

| | | |
|:---|:---|:---|
| 1952 | Trustee since April 2019 | 134 |
| **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Self-employed as a legal/regulatory consultant since 2007. Ms. Koken served as Insurance Commissioner of Pennsylvania, for three governors, from 1997–2007, and as the President of the National Association of Insurance Commissioners (NAIC) from September 2004 to December 2005. Prior to becoming Insurance Commissioner of Pennsylvania, she held multiple legal roles, including vice president, general counsel and corporate secretary of a national life insurance company. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Self-employed as a legal/regulatory consultant since 2007. Ms. Koken served as Insurance Commissioner of Pennsylvania, for three governors, from 1997–2007, and as the President of the National Association of Insurance Commissioners (NAIC) from September 2004 to December 2005. Prior to becoming Insurance Commissioner of Pennsylvania, she held multiple legal roles, including vice president, general counsel and corporate secretary of a national life insurance company. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Self-employed as a legal/regulatory consultant since 2007. Ms. Koken served as Insurance Commissioner of Pennsylvania, for three governors, from 1997–2007, and as the President of the National Association of Insurance Commissioners (NAIC) from September 2004 to December 2005. Prior to becoming Insurance Commissioner of Pennsylvania, she held multiple legal roles, including vice president, general counsel and corporate secretary of a national life insurance company. |
| **Other Directorships held During the Past Five Years**<sup>2</sup> Director of Nationwide Mutual Insurance Company 2007-present, Director of Nationwide Mutual Fire Insurance Company 2007-present, Director of Nationwide Corporation 2007-present, Director of Capital BlueCross 2011-present, Director of NORCAL Mutual Insurance Company 2009-2021, Director of Medicus Insurance Company 2009-present, Director of Hershey Trust Company 2015-present, Manager of Milton Hershey School Board of Managers 2015-present, Director and Chair of Hershey Foundation 2016-present, and Director of The Hershey Company 2017-present. | **Other Directorships held During the Past Five Years**<sup>2</sup> Director of Nationwide Mutual Insurance Company 2007-present, Director of Nationwide Mutual Fire Insurance Company 2007-present, Director of Nationwide Corporation 2007-present, Director of Capital BlueCross 2011-present, Director of NORCAL Mutual Insurance Company 2009-2021, Director of Medicus Insurance Company 2009-present, Director of Hershey Trust Company 2015-present, Manager of Milton Hershey School Board of Managers 2015-present, Director and Chair of Hershey Foundation 2016-present, and Director of The Hershey Company 2017-present. | **Other Directorships held During the Past Five Years**<sup>2</sup> Director of Nationwide Mutual Insurance Company 2007-present, Director of Nationwide Mutual Fire Insurance Company 2007-present, Director of Nationwide Corporation 2007-present, Director of Capital BlueCross 2011-present, Director of NORCAL Mutual Insurance Company 2009-2021, Director of Medicus Insurance Company 2009-present, Director of Hershey Trust Company 2015-present, Manager of Milton Hershey School Board of Managers 2015-present, Director and Chair of Hershey Foundation 2016-present, and Director of The Hershey Company 2017-present. |
| **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Koken has significant board experience and significant executive, legal and regulatory experience, including past service as a cabinet-level state insurance commissioner and general counsel of a national life insurance company. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Koken has significant board experience and significant executive, legal and regulatory experience, including past service as a cabinet-level state insurance commissioner and general counsel of a national life insurance company. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Koken has significant board experience and significant executive, legal and regulatory experience, including past service as a cabinet-level state insurance commissioner and general counsel of a national life insurance company. |

---

<sup>1</sup> Length of time served includes time served with the Trust's predecessors. The tenure of each Trustee is subject to the Board's retirement policy, which states that a Trustee shall retire from the Boards of Trustees of the Trusts effective on December 31 of the calendar year during which he or she turns 75 years of age; provided this policy does not apply to a person who became a Trustee prior to September 11, 2019.

<sup>2</sup> Directorships held in: (1) any other investment companies registered under the 1940 Act, (2) any company with a class of securities registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or (3) any company subject to the requirements of Section 15(d) of the Exchange Act, which are required to be disclosed in this SAI. In addition, certain other directorships not meeting the aforementioned requirements may be included for certain Trustees such as board positions on non-profit organizations.

<sup>3</sup> Ms. Koken is considered an interested person of the Trust because she is a Director of the parent company of, and several affiliates of, the Trust's investment adviser and distributor. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The information under the heading "Committees of the Board" beginning on page 40 of the SAI is modified as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The last sentence in the second paragraph is deleted and replaced with the following:

"The Audit and Operations Committee met five times during the past fiscal year, and as of January 1, 2023 consists of the following Trustees: Ms. Bradshaw, Mr. Karlawish, Ms. Kosel (Chair) and Mr. Wezdenko, each of whom is not an interested person of the Trust, as defined in the 1940 Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. The last sentence in the last paragraph is deleted and replaced with the following:

"The Investment Committee met four times during the past fiscal year, and as of January 1, 2023 consists of the following Trustees: Mr. Davis, Ms. Jacobs, Mr. Kridler (Chair) and Ms. Petersen, each of whom is not an interested person of the Trust, as defined in the 1940 Act, and Ms. Koken, who is an interested person of the Trust, as defined in the 1940 Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The heading "Ownership of Shares of Nationwide Funds as of December 31, 2021" and the table thereunder beginning on page 41 of the SAI is deleted in its entirety and replaced with the following:

------

#### Ownership of Shares of Nationwide Funds as of December 31, 2022

---

| | | |
|:---|:---|:---|
| **Name of Trustee** | **Dollar Range of Equity Securities and/or Shares in the Funds<sup>1</sup>** | **Aggregate Dollar Range of Equity Securities and/or Shares in All Registered Investment Companies Overseen by Trustee in Family of Investment Companies** |
| **Independent Trustees** | **Independent Trustees** | **Independent Trustees** |
| Kristina Bradshaw<sup>2</sup> |  |  |
| Lorn C. Davis |  | Over $100,000 |
| Barbara I. Jacobs |  | Over $100,000 |
| Keith F. Karlawish |  | Over $100,000 |
| Carol A. Kosel |  | Over $100,000 |
| Douglas F. Kridler |  | Over $100,000 |
| Charlotte Petersen<sup>2</sup> |  |  |
| David E. Wezdenko |  | Over $100,000 |
| **Interested Trustee** | **Interested Trustee** | **Interested Trustee** |
| M. Diane Koken |  | Over $100,000 |

---

<sup>1</sup> Individual investors, like the Trustees, are not eligible to purchase shares of the Funds because Fund shares are sold to separate accounts of insurance companies to fund benefits payable under variable insurance contracts or to registered management investment companies advised by NFA.

<sup>2</sup> Mses. Bradshaw's and Petersen's terms as Independent Trustees commenced effective January 1, 2023. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. The heading "Ownership in the Funds' Investment Adviser,<sup>1</sup> Subadvisers<sup>2</sup> or Distributor<sup>3</sup> as of December 31, 2021" and the information thereunder on page 42 of the SAI is deleted in its entirety and replaced with the following:

#### Ownership in the Funds' Investment Adviser, <sup>1</sup>Subadvisers<sup>2</sup> or Distributor<sup>3</sup> as of December 31, 2022

#### Trustees who are not Interested Persons (as defined in the 1940 Act) of the Trust

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name of Trustee** | **Name of Owners and<br> Relationships to Trustee** | **Name of Company** | **Title of Class<br> of Security** | **Value of Securities** | **Percent of Class** |
| Kristina Bradshaw<sup>4</sup> | N/A | N/A | N/A |  | N/A |
| Lorn C. Davis | N/A | N/A | N/A |  | N/A |
| Barbara I. Jacobs | N/A | N/A | N/A |  | N/A |
| Keith F. Karlawish | N/A | N/A | N/A |  | N/A |
| Carol A. Kosel | N/A | N/A | N/A |  | N/A |
| Douglas F. Kridler | N/A | N/A | N/A |  | N/A |
| Charlotte Petersen<sup>4</sup> | N/A | N/A | N/A |  | N/A |
| David E. Wezdenko | N/A | N/A | N/A |  | N/A |

---

<sup>1</sup> Nationwide Fund Advisors.<br>

<sup>2</sup> As of December 31, 2022, subadvisers to the Trust included: Allspring Global Investments, LLC; American Century Investment Management, Inc.; Amundi Asset Management US, Inc.; AQR Capital Management, LLC; BlackRock Investment Management, LLC; Columbia Management Investment Advisers, LLC; DoubleLine Capital LP; Dreyfus, a division of BNY Mellon Investment Adviser, Inc.; Federated Investment Management Company; Goldman Sachs Asset Management, L.P.; Insight North America LLC; Invesco Advisers, Inc.; Jacobs Levy Equity Management, Inc.; J.P. Morgan Investment Management Inc.; Lazard Asset Management LLC; Loomis, Sayles & Company, L.P.; Neuberger Berman Investment Advisors, LLC; Nationwide Asset Management, LLC; Newton Investment Management Limited; Newton Investment Management North America, LLC; NS Partners Ltd; Thompson, Siegel & Walmsley LLC; Victory Capital Management Inc.; WCM Investment Management, LLC; and Wellington Management Company LLP.

<sup>3</sup> Nationwide Fund Distributors LLC or any company, other than an investment company, that controls a Fund's adviser or distributor.

<sup>4</sup> Mses. Bradshaw's and Petersen's terms as Independent Trustees commenced effective January 1, 2023.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. The information under the heading "Compensation of Trustees" beginning on page 42 of the SAI is deleted in its entirety and replaced with the following:

The Independent Trustees receive fees and reimbursement for expenses of attending board meetings from the Trust. The Compensation Table below sets forth the total compensation paid to the Independent Trustees, before reimbursement of any expenses incurred by them, for the fiscal year ended December 31, 2022. In addition, the Compensation Table sets forth the total compensation paid to the Independent Trustees from all the funds in the Fund Complex for the twelve months ended December 31, 2022. Trust officers receive no compensation from the Trust in their capacity as officers. The Adviser or an affiliate of the Adviser pays the fees, if any, and expenses of any Trustees who are interested persons of the Trust. Accordingly, Ms. Koken was not compensated by the funds in the Fund Complex and, therefore, is not included in the Compensation Table below.

The Trust does not maintain any pension or retirement plans for the Officers or Trustees of the Trust.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Trustee** | **Aggregate<br> Compensation<br> from the Trust<sup>3</sup>** | **Pension<br> Retirement<br> Benefits Accrued<br> as Part of Trust<br> Expenses** | **Estimated Annual<br> Benefits Upon<br> Retirement** | **Total Compensation<br> from the Fund<br> Complex<sup>1</sup>** |
| Paula H.J. Cholmondeley<sup>2</sup> | $277319 | N/A | N/A | $380000 |
| Lorn C. Davis | 266372 | N/A | N/A | 365000 |
| Phyllis Kay Dryden<sup>2</sup> | 266372 | N/A | N/A | 365000 |
| Barbara I. Jacobs | 277319 | N/A | N/A | 380000 |
| Keith F. Karlawish | 343001 | N/A | N/A | 475000 |
| Carol A. Kosel | 291915 | N/A | N/A | 410000 |
| Douglas F. Kridler | 291915 | N/A | N/A | 405000 |
| David E. Wezdenko | 266372 | N/A | N/A | 370000 |

---

<sup>1</sup> As of December 31, 2022, the Fund Complex included two trusts comprised of 134 investment company funds or series.<br><sup>2</sup> Mses. Cholmondeley and Dryden retired as Independent Trustees effective December 31, 2022.<br><sup>3</sup> In addition, the Trust compensated Mses. Bradshaw and Petersen, nominees as Independent Trustees, for their attendance at three meetings of the Board during the fiscal year ended December 31, 2022. Mses. Bradshaw and Petersen were nominated to the Board on June 15, 2022 and joined the Board effective January 1, 2023.<br>

#### PLEASE RETAIN THIS AMENDMENT FOR FUTURE REFERENCE

#### <br>

------

#### NATIONWIDE VARIABLE INSURANCE TRUST
NVIT U.S. 130/30 Equity Fund

#### Amendment dated January 3, 2023

#### to the Statement of Additional Information ("SAI") dated April 28, 2022

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Effective December 31, 2022, Paula H.J. Cholmondeley and Phyllis Kay Dryden retired from the Board of Trustees of Nationwide Mutual Funds (the "Trust").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. On June 15, 2022, the Board of Trustees of the Trust approved the nomination of Kristina Junco Bradshaw and Charlotte Tiedemann Petersen (the "New Trustees") to
 serve as Trustees of the Trust. Their terms commenced on January 1, 2023. The New Trustees are not considered to be "interested persons" of the Trust as defined in the Investment Company Act of 1940, as amended.

3. Effective immediately, the SAI is amended as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The following replaces the tables and accompanying footnotes under the heading "Independent Trustees" and "Interested Trustee" beginning on page 35 of the SAI:

#### Independent Trustees

---

| | | |
|:---|:---|:---|
| **Kristina Junco Bradshaw** | **Kristina Junco Bradshaw** | **Kristina Junco Bradshaw** |
| **Year of Birth** | **Positions Held with Trust and Length of Time Served<sup>1</sup>** | **Number of Portfolios Overseen in the Nationwide Fund Complex** |
| 1980 | Trustee since January 2023 | 134 |
| **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Retired. Ms. Bradshaw was a Portfolio Manager on the Dividend Value team at Invesco from August 2006 to August 2020. Prior to this time, Ms. Bradshaw was an investment banker in the Global Energy & Utilities group at Morgan Stanley from June 2002 to July 2004. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Retired. Ms. Bradshaw was a Portfolio Manager on the Dividend Value team at Invesco from August 2006 to August 2020. Prior to this time, Ms. Bradshaw was an investment banker in the Global Energy & Utilities group at Morgan Stanley from June 2002 to July 2004. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Retired. Ms. Bradshaw was a Portfolio Manager on the Dividend Value team at Invesco from August 2006 to August 2020. Prior to this time, Ms. Bradshaw was an investment banker in the Global Energy & Utilities group at Morgan Stanley from June 2002 to July 2004. |
| **Other Directorships held During the Past Five Years**<sup>2</sup> Board Member of Southern Smoke Foundation from August 2020 to present, Advisory Board Member of Dress for Success from April 2013 to present, Trustee/Executive Board Member of Houston Ballet from September 2011 to present and President since July 2022, and Board Member of Hermann Park Conservancy from August 2011 to present, serving as Board Chair since 2020. | **Other Directorships held During the Past Five Years**<sup>2</sup> Board Member of Southern Smoke Foundation from August 2020 to present, Advisory Board Member of Dress for Success from April 2013 to present, Trustee/Executive Board Member of Houston Ballet from September 2011 to present and President since July 2022, and Board Member of Hermann Park Conservancy from August 2011 to present, serving as Board Chair since 2020. | **Other Directorships held During the Past Five Years**<sup>2</sup> Board Member of Southern Smoke Foundation from August 2020 to present, Advisory Board Member of Dress for Success from April 2013 to present, Trustee/Executive Board Member of Houston Ballet from September 2011 to present and President since July 2022, and Board Member of Hermann Park Conservancy from August 2011 to present, serving as Board Chair since 2020. |
| **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Bradshaw has significant board experience; significant portfolio management experience in the investment management industry and is a Chartered Financial Analyst. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Bradshaw has significant board experience; significant portfolio management experience in the investment management industry and is a Chartered Financial Analyst. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Bradshaw has significant board experience; significant portfolio management experience in the investment management industry and is a Chartered Financial Analyst. |
| **Lorn C. Davis** | **Lorn C. Davis** | **Lorn C. Davis** |
| **Year of Birth** | **Positions Held with Trust and Length of Time Served<sup>1</sup>** | **Number of Portfolios Overseen in the Nationwide Fund Complex** |
| 1968 | Trustee since January 2021 | 134 |
| **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Mr. Davis has been a Managing Partner of College Hill Capital Partners, LLC (private equity) since June 2016. From September 1998 until May 2016, Mr. Davis originated and managed debt and equity investments for John Hancock Life Insurance Company (U.S.A.)/Hancock Capital Management, LLC, serving as a Managing Director from September 2003 through May 2016. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Mr. Davis has been a Managing Partner of College Hill Capital Partners, LLC (private equity) since June 2016. From September 1998 until May 2016, Mr. Davis originated and managed debt and equity investments for John Hancock Life Insurance Company (U.S.A.)/Hancock Capital Management, LLC, serving as a Managing Director from September 2003 through May 2016. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Mr. Davis has been a Managing Partner of College Hill Capital Partners, LLC (private equity) since June 2016. From September 1998 until May 2016, Mr. Davis originated and managed debt and equity investments for John Hancock Life Insurance Company (U.S.A.)/Hancock Capital Management, LLC, serving as a Managing Director from September 2003 through May 2016. |

---

------

---

| | | |
|:---|:---|:---|
| **Other Directorships held During the Past Five Years**<sup>2</sup> Board Member of Outlook Group Holdings, LLC from July 2006 to May 2016, serving as Chair to the Audit committee and member of the Compensation committee, Board Member of MA Holdings, LLC from November 2006 to October 2015, Board Member of IntegraColor, Ltd. from February 2007 to September 2015, Board Member of The Pine Street Inn from 2009 to present, currently serving as Chair of the Board, Member of the Advisory Board (non-fiduciary) of Mearthane Products Corporation from September 2019 to present, and Board Member of The College of Holy Cross since July 2022. | **Other Directorships held During the Past Five Years**<sup>2</sup> Board Member of Outlook Group Holdings, LLC from July 2006 to May 2016, serving as Chair to the Audit committee and member of the Compensation committee, Board Member of MA Holdings, LLC from November 2006 to October 2015, Board Member of IntegraColor, Ltd. from February 2007 to September 2015, Board Member of The Pine Street Inn from 2009 to present, currently serving as Chair of the Board, Member of the Advisory Board (non-fiduciary) of Mearthane Products Corporation from September 2019 to present, and Board Member of The College of Holy Cross since July 2022. | **Other Directorships held During the Past Five Years**<sup>2</sup> Board Member of Outlook Group Holdings, LLC from July 2006 to May 2016, serving as Chair to the Audit committee and member of the Compensation committee, Board Member of MA Holdings, LLC from November 2006 to October 2015, Board Member of IntegraColor, Ltd. from February 2007 to September 2015, Board Member of The Pine Street Inn from 2009 to present, currently serving as Chair of the Board, Member of the Advisory Board (non-fiduciary) of Mearthane Products Corporation from September 2019 to present, and Board Member of The College of Holy Cross since July 2022. |
| **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Davis has significant board experience; significant past service at a large asset management company and significant experience in the investment management industry. Mr. Davis is a Chartered Financial Analyst and earned a Certificate of Director Education from the National Association of Corporate Directors in 2008. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Davis has significant board experience; significant past service at a large asset management company and significant experience in the investment management industry. Mr. Davis is a Chartered Financial Analyst and earned a Certificate of Director Education from the National Association of Corporate Directors in 2008. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Davis has significant board experience; significant past service at a large asset management company and significant experience in the investment management industry. Mr. Davis is a Chartered Financial Analyst and earned a Certificate of Director Education from the National Association of Corporate Directors in 2008. |
| **Barbara I. Jacobs** | **Barbara I. Jacobs** | **Barbara I. Jacobs** |
| **Year of Birth** | **Positions Held with Trust and Length of Time Served<sup>1</sup>** | **Number of Portfolios Overseen in the Nationwide Fund Complex** |
| 1950 | Trustee since December 2004 | 134 |
| **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Retired. From 1988 through 2003, Ms. Jacobs was a Managing Director and European Portfolio Manager of CREF Investments (Teachers Insurance and Annuity Association—College Retirement Equities Fund). Ms. Jacobs also served as Chairman of the Board of Directors of KICAP Network Fund, a European (United Kingdom) hedge fund, from January 2001 through January 2006. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Retired. From 1988 through 2003, Ms. Jacobs was a Managing Director and European Portfolio Manager of CREF Investments (Teachers Insurance and Annuity Association—College Retirement Equities Fund). Ms. Jacobs also served as Chairman of the Board of Directors of KICAP Network Fund, a European (United Kingdom) hedge fund, from January 2001 through January 2006. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Retired. From 1988 through 2003, Ms. Jacobs was a Managing Director and European Portfolio Manager of CREF Investments (Teachers Insurance and Annuity Association—College Retirement Equities Fund). Ms. Jacobs also served as Chairman of the Board of Directors of KICAP Network Fund, a European (United Kingdom) hedge fund, from January 2001 through January 2006. |
| **Other Directorships held During the Past Five Years**<sup>2</sup> Trustee and Board Chair of Project Lede from 2013 to present. | **Other Directorships held During the Past Five Years**<sup>2</sup> Trustee and Board Chair of Project Lede from 2013 to present. | **Other Directorships held During the Past Five Years**<sup>2</sup> Trustee and Board Chair of Project Lede from 2013 to present. |
| **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Jacobs has significant board experience and significant executive and portfolio management experience in the investment management industry. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Jacobs has significant board experience and significant executive and portfolio management experience in the investment management industry. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Jacobs has significant board experience and significant executive and portfolio management experience in the investment management industry. |
| **Keith F. Karlawish** | **Keith F. Karlawish** | **Keith F. Karlawish** |
| **Year of Birth** | **Positions Held with Trust and Length of Time Served<sup>1</sup>** | **Number of Portfolios Overseen in the Nationwide Fund Complex** |
| 1964 | Trustee since March 2012; Chairman since January 2021 | 134 |
| **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Mr. Karlawish is a Senior Director of Wealth Management with Curi Capital which acquired Park Ridge Asset Management, LLC in August 2022. Prior to this time, Mr. Karlawish was a partner with Park Ridge Asset Management, LLC since December 2008 and also served as a portfolio manager. From May 2002 until October 2008, Mr. Karlawish was the President of BB&T Asset Management, Inc., and was President of the BB&T Mutual Funds and BB&T Variable Insurance Funds from February 2005 until October 2008. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Mr. Karlawish is a Senior Director of Wealth Management with Curi Capital which acquired Park Ridge Asset Management, LLC in August 2022. Prior to this time, Mr. Karlawish was a partner with Park Ridge Asset Management, LLC since December 2008 and also served as a portfolio manager. From May 2002 until October 2008, Mr. Karlawish was the President of BB&T Asset Management, Inc., and was President of the BB&T Mutual Funds and BB&T Variable Insurance Funds from February 2005 until October 2008. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Mr. Karlawish is a Senior Director of Wealth Management with Curi Capital which acquired Park Ridge Asset Management, LLC in August 2022. Prior to this time, Mr. Karlawish was a partner with Park Ridge Asset Management, LLC since December 2008 and also served as a portfolio manager. From May 2002 until October 2008, Mr. Karlawish was the President of BB&T Asset Management, Inc., and was President of the BB&T Mutual Funds and BB&T Variable Insurance Funds from February 2005 until October 2008. |
| **Other Directorships held During the Past Five Years**<sup>2</sup> None | **Other Directorships held During the Past Five Years**<sup>2</sup> None | **Other Directorships held During the Past Five Years**<sup>2</sup> None |
| **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Karlawish has significant board experience, including past service on the boards of BB&T Mutual Funds and BB&T Variable Insurance Funds; significant executive experience, including past service at a large asset management company and significant experience in the investment management industry. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Karlawish has significant board experience, including past service on the boards of BB&T Mutual Funds and BB&T Variable Insurance Funds; significant executive experience, including past service at a large asset management company and significant experience in the investment management industry. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Karlawish has significant board experience, including past service on the boards of BB&T Mutual Funds and BB&T Variable Insurance Funds; significant executive experience, including past service at a large asset management company and significant experience in the investment management industry. |
| **Carol A. Kosel** | **Carol A. Kosel** | **Carol A. Kosel** |
| **Year of Birth** | **Positions Held with Trust and Length of Time Served<sup>1</sup>** | **Number of Portfolios Overseen in the Nationwide Fund Complex** |
| 1963 | Trustee since March 2013 | 134 |
| **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Retired. Ms. Kosel was a consultant to the Evergreen Funds Board of Trustees from October 2005 to December 2007. She was Senior Vice President, Treasurer, and Head of Fund Administration of the Evergreen Funds from April 1997 to October 2005. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Retired. Ms. Kosel was a consultant to the Evergreen Funds Board of Trustees from October 2005 to December 2007. She was Senior Vice President, Treasurer, and Head of Fund Administration of the Evergreen Funds from April 1997 to October 2005. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Retired. Ms. Kosel was a consultant to the Evergreen Funds Board of Trustees from October 2005 to December 2007. She was Senior Vice President, Treasurer, and Head of Fund Administration of the Evergreen Funds from April 1997 to October 2005. |
| **Other Directorships held During the Past Five Years**<sup>2</sup> None | **Other Directorships held During the Past Five Years**<sup>2</sup> None | **Other Directorships held During the Past Five Years**<sup>2</sup> None |

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------

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| | | |
|:---|:---|:---|
| **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Kosel has significant board experience, including past service on the boards of Evergreen Funds and Sun Capital Advisers Trust; significant executive experience, including past service at a large asset management company and significant experience in the investment management industry. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Kosel has significant board experience, including past service on the boards of Evergreen Funds and Sun Capital Advisers Trust; significant executive experience, including past service at a large asset management company and significant experience in the investment management industry. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Kosel has significant board experience, including past service on the boards of Evergreen Funds and Sun Capital Advisers Trust; significant executive experience, including past service at a large asset management company and significant experience in the investment management industry. |
| **Douglas F. Kridler** | **Douglas F. Kridler** | **Douglas F. Kridler** |
| **Year of Birth** | **Positions Held with Trust and Length of Time Served<sup>1</sup>** | **Number of Portfolios Overseen in the Nationwide Fund Complex** |
| 1955 | Trustee since September 1997 | 134 |
| **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Since 2002, Mr. Kridler has served as the President and Chief Executive Officer of The Columbus Foundation, a $2.5 billion community foundation with 2,000 funds in 55 Ohio counties and 37 states in the U.S. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Since 2002, Mr. Kridler has served as the President and Chief Executive Officer of The Columbus Foundation, a $2.5 billion community foundation with 2,000 funds in 55 Ohio counties and 37 states in the U.S. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Since 2002, Mr. Kridler has served as the President and Chief Executive Officer of The Columbus Foundation, a $2.5 billion community foundation with 2,000 funds in 55 Ohio counties and 37 states in the U.S. |
| **Other Directorships held During the Past Five Years**<sup>2</sup> None | **Other Directorships held During the Past Five Years**<sup>2</sup> None | **Other Directorships held During the Past Five Years**<sup>2</sup> None |
| **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Kridler has significant board experience; significant executive experience, including service as president and chief executive officer of one of America's largest community foundations and significant service to his community and the philanthropic field in numerous leadership roles. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Kridler has significant board experience; significant executive experience, including service as president and chief executive officer of one of America's largest community foundations and significant service to his community and the philanthropic field in numerous leadership roles. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Kridler has significant board experience; significant executive experience, including service as president and chief executive officer of one of America's largest community foundations and significant service to his community and the philanthropic field in numerous leadership roles. |
| **Charlotte Tiedemann Petersen** | **Charlotte Tiedemann Petersen** | **Charlotte Tiedemann Petersen** |
| **Year of Birth** | **Positions Held with Trust and Length of Time Served<sup>1</sup>** | **Number of Portfolios Overseen in the Nationwide Fund Complex** |
| 1960 | Trustee since January 2023 | 134 |
| **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Self-employed as a private real estate investor/principal since January 2011. Ms. Petersen served as Chief Investment Officer at Alexander Capital Management from April 2006 to December 2010. From July 1993 to June 2002, Ms. Petersen was a Portfolio Manager, Partner and Management Committee member of Denver Investment Advisors LLC. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Self-employed as a private real estate investor/principal since January 2011. Ms. Petersen served as Chief Investment Officer at Alexander Capital Management from April 2006 to December 2010. From July 1993 to June 2002, Ms. Petersen was a Portfolio Manager, Partner and Management Committee member of Denver Investment Advisors LLC. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Self-employed as a private real estate investor/principal since January 2011. Ms. Petersen served as Chief Investment Officer at Alexander Capital Management from April 2006 to December 2010. From July 1993 to June 2002, Ms. Petersen was a Portfolio Manager, Partner and Management Committee member of Denver Investment Advisors LLC. |
| **Other Directorships held During the Past Five Years**<sup>2</sup> Investment Committee for the University of Colorado Foundation from February 2015 to June 2022. | **Other Directorships held During the Past Five Years**<sup>2</sup> Investment Committee for the University of Colorado Foundation from February 2015 to June 2022. | **Other Directorships held During the Past Five Years**<sup>2</sup> Investment Committee for the University of Colorado Foundation from February 2015 to June 2022. |
| **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Petersen has significant board experience including past service as a Trustee of Scout Funds and Director of Fischer Imaging, where she chaired committees for both entities; significant experience in the investment management industry and is a Chartered Financial Analyst. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Petersen has significant board experience including past service as a Trustee of Scout Funds and Director of Fischer Imaging, where she chaired committees for both entities; significant experience in the investment management industry and is a Chartered Financial Analyst. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Petersen has significant board experience including past service as a Trustee of Scout Funds and Director of Fischer Imaging, where she chaired committees for both entities; significant experience in the investment management industry and is a Chartered Financial Analyst. |
| **David E. Wezdenko** | **David E. Wezdenko** | **David E. Wezdenko** |
| **Year of Birth** | **Positions Held with Trust and Length of Time Served<sup>1</sup>** | **Number of Portfolios Overseen in the Nationwide Fund Complex** |
| 1963 | Trustee since January 2021 | 134 |
| **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Mr. Wezdenko is a Co-Founder of Blue Leaf Ventures (venture capital firm, founded May 2018). From November 2008 until December 2017, Mr. Wezdenko was Managing Director of JPMorgan Chase & Co. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Mr. Wezdenko is a Co-Founder of Blue Leaf Ventures (venture capital firm, founded May 2018). From November 2008 until December 2017, Mr. Wezdenko was Managing Director of JPMorgan Chase & Co. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Mr. Wezdenko is a Co-Founder of Blue Leaf Ventures (venture capital firm, founded May 2018). From November 2008 until December 2017, Mr. Wezdenko was Managing Director of JPMorgan Chase & Co. |
| **Other Directorships held During the Past Five Years**<sup>2</sup> Independent Trustee for National Philanthropic Trust from October 2021 to present. Board Director of J.P. Morgan Private Placements LLC from January 2010 to December 2017. | **Other Directorships held During the Past Five Years**<sup>2</sup> Independent Trustee for National Philanthropic Trust from October 2021 to present. Board Director of J.P. Morgan Private Placements LLC from January 2010 to December 2017. | **Other Directorships held During the Past Five Years**<sup>2</sup> Independent Trustee for National Philanthropic Trust from October 2021 to present. Board Director of J.P. Morgan Private Placements LLC from January 2010 to December 2017. |
| **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Wezdenko has significant board experience; significant past service at a large asset and wealth management company and significant experience in the investment management industry. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Wezdenko has significant board experience; significant past service at a large asset and wealth management company and significant experience in the investment management industry. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Mr. Wezdenko has significant board experience; significant past service at a large asset and wealth management company and significant experience in the investment management industry. |

---

#### Interested Trustee

---

| | |
|:---|:---|
| M. Diane Koken<sup>3</sup> | M. Diane Koken<sup>3</sup> |
| **Year of Birth**<br> **Positions Held with Trust and Length of Time Served<sup>1</sup>** | **Number of Portfolios Overseen in the Nationwide Fund Complex** |

---

------

---

| | | |
|:---|:---|:---|
| 1952 | Trustee since April 2019 | 134 |
| **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Self-employed as a legal/regulatory consultant since 2007. Ms. Koken served as Insurance Commissioner of Pennsylvania, for three governors, from 1997–2007, and as the President of the National Association of Insurance Commissioners (NAIC) from September 2004 to December 2005. Prior to becoming Insurance Commissioner of Pennsylvania, she held multiple legal roles, including vice president, general counsel and corporate secretary of a national life insurance company. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Self-employed as a legal/regulatory consultant since 2007. Ms. Koken served as Insurance Commissioner of Pennsylvania, for three governors, from 1997–2007, and as the President of the National Association of Insurance Commissioners (NAIC) from September 2004 to December 2005. Prior to becoming Insurance Commissioner of Pennsylvania, she held multiple legal roles, including vice president, general counsel and corporate secretary of a national life insurance company. | **Principal Occupation(s) During the Past Five Years (or Longer)**<br> Self-employed as a legal/regulatory consultant since 2007. Ms. Koken served as Insurance Commissioner of Pennsylvania, for three governors, from 1997–2007, and as the President of the National Association of Insurance Commissioners (NAIC) from September 2004 to December 2005. Prior to becoming Insurance Commissioner of Pennsylvania, she held multiple legal roles, including vice president, general counsel and corporate secretary of a national life insurance company. |
| **Other Directorships held During the Past Five Years**<sup>2</sup> Director of Nationwide Mutual Insurance Company 2007-present, Director of Nationwide Mutual Fire Insurance Company 2007-present, Director of Nationwide Corporation 2007-present, Director of Capital BlueCross 2011-present, Director of NORCAL Mutual Insurance Company 2009-2021, Director of Medicus Insurance Company 2009-present, Director of Hershey Trust Company 2015-present, Manager of Milton Hershey School Board of Managers 2015-present, Director and Chair of Hershey Foundation 2016-present, and Director of The Hershey Company 2017-present. | **Other Directorships held During the Past Five Years**<sup>2</sup> Director of Nationwide Mutual Insurance Company 2007-present, Director of Nationwide Mutual Fire Insurance Company 2007-present, Director of Nationwide Corporation 2007-present, Director of Capital BlueCross 2011-present, Director of NORCAL Mutual Insurance Company 2009-2021, Director of Medicus Insurance Company 2009-present, Director of Hershey Trust Company 2015-present, Manager of Milton Hershey School Board of Managers 2015-present, Director and Chair of Hershey Foundation 2016-present, and Director of The Hershey Company 2017-present. | **Other Directorships held During the Past Five Years**<sup>2</sup> Director of Nationwide Mutual Insurance Company 2007-present, Director of Nationwide Mutual Fire Insurance Company 2007-present, Director of Nationwide Corporation 2007-present, Director of Capital BlueCross 2011-present, Director of NORCAL Mutual Insurance Company 2009-2021, Director of Medicus Insurance Company 2009-present, Director of Hershey Trust Company 2015-present, Manager of Milton Hershey School Board of Managers 2015-present, Director and Chair of Hershey Foundation 2016-present, and Director of The Hershey Company 2017-present. |
| **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Koken has significant board experience and significant executive, legal and regulatory experience, including past service as a cabinet-level state insurance commissioner and general counsel of a national life insurance company. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Koken has significant board experience and significant executive, legal and regulatory experience, including past service as a cabinet-level state insurance commissioner and general counsel of a national life insurance company. | **Experience, Qualifications, Attributes, and Skills for Board Membership**<br> Ms. Koken has significant board experience and significant executive, legal and regulatory experience, including past service as a cabinet-level state insurance commissioner and general counsel of a national life insurance company. |

---

<sup>1</sup> Length of time served includes time served with the Trust's predecessors. The tenure of each Trustee is subject to the Board's retirement policy, which states that a Trustee shall retire from the Boards of Trustees of the Trusts effective on December 31 of the calendar year during which he or she turns 75 years of age; provided this policy does not apply to a person who became a Trustee prior to September 11, 2019.

<sup>2</sup> Directorships held in: (1) any other investment companies registered under the 1940 Act, (2) any company with a class of securities registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or (3) any company subject to the requirements of Section 15(d) of the Exchange Act, which are required to be disclosed in this SAI. In addition, certain other directorships not meeting the aforementioned requirements may be included for certain Trustees such as board positions on non-profit organizations.

<sup>3</sup> Ms. Koken is considered an interested person of the Trust because she is a Director of the parent company of, and several affiliates of, the Trust's investment adviser and distributor. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The information under the heading "Committees of the Board" beginning on page 40 of the SAI is modified as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The last sentence in the second paragraph is deleted and replaced with the following:

"The Audit and Operations Committee met five times during the past fiscal year, and as of January 1, 2023 consists of the following Trustees: Ms. Bradshaw, Mr. Karlawish, Ms. Kosel (Chair) and Mr. Wezdenko, each of whom is not an interested person of the Trust, as defined in the 1940 Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. The last sentence in the last paragraph is deleted and replaced with the following:

"The Investment Committee met four times during the past fiscal year, and as of January 1, 2023 consists of the following Trustees: Mr. Davis, Ms. Jacobs, Mr. Kridler (Chair) and Ms. Petersen, each of whom is not an interested person of the Trust, as defined in the 1940 Act, and Ms. Koken, who is an interested person of the Trust, as defined in the 1940 Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The heading "Ownership of Shares of Nationwide Funds as of December 31, 2021" and the table thereunder beginning on page 41 of the SAI is deleted in its entirety and replaced with the following:

------

#### Ownership of Shares of Nationwide Funds as of December 31, 2022

---

| | | |
|:---|:---|:---|
| **Name of Trustee** | **Dollar Range of Equity Securities and/or Shares in the Funds<sup>1</sup>** | **Aggregate Dollar Range of Equity Securities and/or Shares in All Registered Investment Companies Overseen by Trustee in Family of Investment Companies** |
| **Independent Trustees** | **Independent Trustees** | **Independent Trustees** |
| Kristina Bradshaw<sup>2</sup> |  |  |
| Lorn C. Davis |  | Over $100,000 |
| Barbara I. Jacobs |  | Over $100,000 |
| Keith F. Karlawish |  | Over $100,000 |
| Carol A. Kosel |  | Over $100,000 |
| Douglas F. Kridler |  | Over $100,000 |
| Charlotte Petersen<sup>2</sup> |  |  |
| David E. Wezdenko |  | Over $100,000 |
| **Interested Trustee** | **Interested Trustee** | **Interested Trustee** |
| M. Diane Koken |  | Over $100,000 |

---

<sup>1</sup> Individual investors, like the Trustees, are not eligible to purchase shares of the Funds because Fund shares are sold to separate accounts of insurance companies to fund benefits payable under variable insurance contracts or to registered management investment companies advised by NFA.

<sup>2</sup> Mses. Bradshaw's and Petersen's terms as Independent Trustees commenced effective January 1, 2023. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. The heading "Ownership in the Funds' Investment Adviser,<sup>1</sup> Subadvisers<sup>2</sup> or Distributor<sup>3</sup> as of December 31, 2021" and the information thereunder on page 42 of the SAI is deleted in its entirety and replaced with the following:

#### Ownership in the Funds' Investment Adviser, <sup>1</sup>Subadvisers<sup>2</sup> or Distributor<sup>3</sup> as of December 31, 2022

#### Trustees who are not Interested Persons (as defined in the 1940 Act) of the Trust

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name of Trustee** | **Name of Owners and<br> Relationships to Trustee** | **Name of Company** | **Title of Class<br> of Security** | **Value of Securities** | **Percent of Class** |
| Kristina Bradshaw<sup>4</sup> | N/A | N/A | N/A |  | N/A |
| Lorn C. Davis | N/A | N/A | N/A |  | N/A |
| Barbara I. Jacobs | N/A | N/A | N/A |  | N/A |
| Keith F. Karlawish | N/A | N/A | N/A |  | N/A |
| Carol A. Kosel | N/A | N/A | N/A |  | N/A |
| Douglas F. Kridler | N/A | N/A | N/A |  | N/A |
| Charlotte Petersen<sup>4</sup> | N/A | N/A | N/A |  | N/A |
| David E. Wezdenko | N/A | N/A | N/A |  | N/A |

---

 <sup>1</sup> &nbsp;&nbsp;&nbsp;&nbsp;Nationwide Fund Advisors. 

 <sup>2</sup> As of December 31, 2022, subadvisers to the Trust included: Allspring Global Investments, LLC; American Century Investment Management, Inc.; Amundi Asset Management US, Inc.; AQR Capital Management, LLC; BlackRock Investment Management, LLC; Columbia Management Investment Advisers, LLC; DoubleLine Capital LP; Dreyfus, a division of BNY Mellon Investment Adviser, Inc.; Federated Investment Management Company; Goldman Sachs Asset Management, L.P.; Insight North America LLC; Invesco Advisers, Inc.; Jacobs Levy Equity Management, Inc.; J.P. Morgan Investment Management Inc.; Lazard Asset Management LLC; Loomis, Sayles & Company, L.P.; Neuberger Berman Investment Advisors, LLC; Nationwide Asset Management, LLC; Newton Investment Management Limited; Newton Investment Management North America, LLC; NS Partners Ltd; Thompson, Siegel & Walmsley LLC; Victory Capital Management Inc.; WCM Investment Management, LLC; and Wellington Management Company LLP. 

 <sup>3</sup> Nationwide Fund Distributors LLC or any company, other than an investment company, that controls a Fund's adviser or distributor. 

 <sup>4</sup> Mses. Bradshaw's and Petersen's terms as Independent Trustees commenced effective January 1, 2023. 

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. The information under the heading "Compensation of Trustees" beginning on page 42 of the SAI is deleted in its entirety and replaced with the following:

The Independent Trustees receive fees and reimbursement for expenses of attending board meetings from the Trust. The Compensation Table below sets forth the total compensation paid to the Independent Trustees, before reimbursement of any expenses incurred by them, for the fiscal year ended December 31, 2022. In addition, the Compensation Table sets forth the total compensation paid to the Independent Trustees from all the funds in the Fund Complex for the twelve months ended December 31, 2022. Trust officers receive no compensation from the Trust in their capacity as officers. The Adviser or an affiliate of the Adviser pays the fees, if any, and expenses of any Trustees who are interested persons of the Trust. Accordingly, Ms. Koken was not compensated by the funds in the Fund Complex and, therefore, is not included in the Compensation Table below.

The Trust does not maintain any pension or retirement plans for the Officers or Trustees of the Trust.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Trustee** | **Aggregate<br> Compensation<br> from the Trust<sup>3</sup>** | **Pension<br> Retirement<br> Benefits Accrued<br> as Part of Trust<br> Expenses** | **Estimated Annual<br> Benefits Upon<br> Retirement** | **Total Compensation<br> from the Fund<br> Complex<sup>1</sup>** |
| Paula H.J. Cholmondeley<sup>2</sup> | $277319 | N/A | N/A | $380000 |
| Lorn C. Davis | 266372 | N/A | N/A | 365000 |
| Phyllis Kay Dryden<sup>2</sup> | 266372 | N/A | N/A | 365000 |
| Barbara I. Jacobs | 277319 | N/A | N/A | 380000 |
| Keith F. Karlawish | 343001 | N/A | N/A | 475000 |
| Carol A. Kosel | 291915 | N/A | N/A | 410000 |
| Douglas F. Kridler | 291915 | N/A | N/A | 405000 |
| David E. Wezdenko | 266372 | N/A | N/A | 370000 |

---

<sup>1</sup> As of December 31, 2022, the Fund Complex included two trusts comprised of 134 investment company funds or series.<br><sup>2</sup> Mses. Cholmondeley and Dryden retired as Independent Trustees effective December 31, 2022.<br><sup>3</sup> In addition, the Trust compensated Mses. Bradshaw and Petersen, nominees as Independent Trustees, for their attendance at three meetings of the Board during the fiscal year ended December 31, 2022. Mses. Bradshaw and Petersen were nominated to the Board on June 15, 2022 and joined the Board effective January 1, 2023.<br>

#### PLEASE RETAIN THIS AMENDMENT FOR FUTURE REFERENCE

------

PART C

OTHER INFORMATION

#### ITEM 28. EXHIBITS
(a) [<u>Second Amended and Restated Agreement and Declaration of Trust, dated as of June 17, 2009 (the "Amended Declaration"), of the Registrant, Nationwide Variable Insurance Trust, a Delaware Statutory Trust (the "Trust" or "NVIT"), previously filed</u>](https://www.sec.gov/Archives/edgar/data/353905/000095012309038165/b74313exv23wa.htm) <u>[as Exhibit EX-23.a with the Trust's registration statement on August 26, 2009, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000095012309038165/b74313exv23wa.htm)</u>

(b) [Third Amended and Restated Bylaws, dated as of August 28, 2020 (the "Amended Bylaws"), of the Trust, previously filed as Exhibit EX-28.b with the Trust's registration statement on September 15, 2020, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312520246037/d60428dex9928b.htm)

(c) Certificates for shares are not issued. Articles III, V and VI of the Amended Declaration and Articles II and VII of the Amended Bylaws, incorporated by reference to Exhibits (a) and
 (b), respectively, define the rights of holders of shares.

(d) Investment Advisory Agreements

(1) [Investment Advisory Agreement among the Trust and Nationwide Fund Advisors ("NFA"), dated May 1, 2007, previously filed as Exhibit EX-99.d.1 with the Trust's registration statement on April 30, 2007, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000113542807000150/ex-d1.txt)

(a) [Exhibit A to the Investment Advisory Agreement, amended July 18, 2022, previously filed as EX-28.d.1.a with the Trust's registration statement on October 11, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000113743922000963/ex28d1a.htm)

(2) [<u>Investment Advisory Agreement among the Trust and NFA, dated October 16, 2017, previously filed as Exhibit EX-28.d</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312517310601/d445755dex9928d2.htm) <u>. [2 with the Trust's registration statement on October 16, 2017, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312517310601/d445755dex9928d2.htm)</u>

(a) [Exhibit A to the Investment Advisory Agreement, amended March 9, 2022, previously filed](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928d2a.htm) [as Exhibit](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928d2a.htm) <u>EX-28.d.2.a with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.</u>

(3) Subadvisory Agreements

(a) [<u>Amended and Restated Subadvisory Agreement among the Trust, NFA and Federated Investment</u>](https://www.sec.gov/Archives/edgar/data/353905/000089322009000891/e73057exv23wxdyx2yxdy.htm) [<u>Management Company, effective May 1, 2007, as amended and restated April 2, 2009, previously filed as Exhibit EX-23.d.2.d with the Trust's registration statement on April 24, 2009, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000089322009000891/e73057exv23wxdyx2yxdy.htm)

(i) [<u>Exhibit A to the Subadvisory Agreement, amended March 9, 2017, previously filed as Exhibit EX-28.d.2.a.i with the Trust's registration statement on April 1</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312517128704/d337983dex9928d2ai.htm) [<u>9, 2017, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312517128704/d337983dex9928d2ai.htm)

(b) [<u>Amended Subadvisory Agreement among the Trust, NFA and BlackRock Investment Manag</u>](https://www.sec.gov/Archives/edgar/data/353905/000095012310086013/w79637aexv99w28wdw2wg.htm) [<u>ement, LLC, dated May 1, 2007, as amended June 16, 2010, previously filed as Exhibit EX-28.d.2.g with the Trust's registration statement on September 14, 2010, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000095012310086013/w79637aexv99w28wdw2wg.htm)

(i) [<u>Exhibit A to the Amended Subadvisory Agreement, amended January 10, 2017, previously filed as Exhibit EX-28.d.2.d.i with the Trust's registration statement on February 3, 20</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312517030377/d229802dex9928d2di.htm) [<u>17, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312517030377/d229802dex9928d2di.htm)

(c) [<u>Subadvisory Agreement among the Trust, NFA and Neuberger Berman Investment A</u>](https://www.sec.gov/Archives/edgar/data/353905/000095012309016278/w74313exv23wdw2wo.htm) [<u>dvisers LLC (formerly, Neuberger Berman Management LLC), dated May 4, 2009, previously filed as Exhibit EX-23.d.2.o with the Trust's registration statement on June 23, 2009, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000095012309016278/w74313exv23wdw2wo.htm)

(i) [<u>Exhibit A to the Subadvisory Agreement, amended July 2, 2012, previously filed as Exhibi</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312513164736/d521377dex9928d2ii.htm) [<u>t EX-28.d.2.i.i with the Trust's registration statement on April 22, 2013, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312513164736/d521377dex9928d2ii.htm)

------

(d) [Subadvisory Agreement among the Trust, NFA and Insight North America LLC, dated September 6, 2021, previously filed as Exhibit EX-28.d.3.d with the Trust's registration statement on January 12, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522007490/d277565dex9928d3d.htm)

(i) [Exhibit A to the Subadvisory Agreement, amended February 2, 2022, previously filed as Exhibit EX-28.d.3.d.i with the Trust's registration statement on October 11, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000113743922000963/ex28d3di.htm)

(e) [<u>Subadvisory Agreem</u>](https://www.sec.gov/Archives/edgar/data/353905/000095012310037565/b77153bexv99w28wdw2wq.htm) [<u>ent among the Trust, NFA and American Century Investment Management, Inc., dated March 11, 2010, previously filed as Exhibit EX-28.d.2.q with the Trust's registration statement on April 23, 2010, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000095012310037565/b77153bexv99w28wdw2wq.htm)

(i) [<u>Exhibit A to the</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312519194690/d35415dex9928d3hi.htm) [<u>Subadvisory Agreement, amended June 19, 2019, previously filed as Exhibit EX-28.d.3.h.i with the Trust's registration statement on July 16, 2019, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312519194690/d35415dex9928d3hi.htm)

(f) [Subadvisory Agreement among the Trust, NFA and Thompson, Siegel & Walmsley LLC, dated July 22, 2021, previously filed as Exhibit EX-28.d.3.g with the Trust's registration statement on January 12, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522007490/d277565dex9928d3g.htm)

(g) [<u>Subadvisory Agreement among the Trust, NFA and Wellington Management Company, L</u>](https://www.sec.gov/Archives/edgar/data/353905/000089322008000868/q52178bexv23wxdyx2yxaay.htm) [<u>LP, dated March 24, 2008, previously filed as Exhibit EX-23.d.2.aa with the Trust's registration statement on March 27, 2008, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522007490/d277565dex9928d3g.htm)

(i) [<u>Exhibit A to the Subadvisory Agreement, amended September 19, 2017, previousl</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312517310601/d445755dex9928d31i.htm) [<u>y filed as Exhibit EX-28.d.3.l.i with the Trust's registration statement on October 16, 2017, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312517310601/d445755dex9928d31i.htm)

(h) [<u>Subadvisory Agreement among the Trust, NFA and Lazard Asset Management LLC, dated June 17, 2013,</u>](https://www.sec.gov/Archives/edgar/data/353905/000113743914000024/lazardsubadvisoryagmt.htm) [<u>previously filed as Exhibit EX-28.d.2.aa with the Trust's registration statement on January 7, 2014, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000113743914000024/lazardsubadvisoryagmt.htm)

(i) [<u>Exhibit A to the Subadvisory Agreement, effective December 10, 2015, previously filed as Exhibit EX-16.6.b.xxiv.1 with the Trust's registration</u>](https://www.sec.gov/Archives/edgar/data/353905/000158281615000439/exalazardsubadvisoryagmt.htm) [<u>statement on Form N-14 on December 22, 2015, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000158281615000439/exalazardsubadvisoryagmt.htm)

(ii) [Amendment to Exhibit A to the Subadvisory Agreement, as amended January 1, 2023, is filed herewith as Exhibit](ex28d3hii.htm) [EX-28.d.3.h.ii.](ex28d3hii.htm)

(i) [<u>Subadvisory Agreement among the Trust, NFA and Nationwide Asset Management, LLC, dated Septe</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312515046325/d851102dex99282aa.htm) [<u>mber 3, 2014, previously filed as Exhibit EX-28.2.aa with the Trust's registration statement on February 12, 2015, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312515046325/d851102dex99282aa.htm)

(i) [<u>Exhibits A and B to the Subadvisory Agreement, amended May 1, 2015, previously filed a</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312515139948/d889311dex99282bbi.htm) [<u>s Exhibit EX-28.2.bb.i with the Trust's registration statement on April 21, 2015, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312515139948/d889311dex99282bbi.htm)

(j) [<u>Subadvisory Agreement among the Trust, NFA and Jacobs Levy Equity Management, Inc., dated December 10, 2015, previously filed as Exhibit EX-16.6.b.xxvii with th</u>](https://www.sec.gov/Archives/edgar/data/353905/000158281615000439/jacobslevysubadvisoryagmt.htm) [<u>e Trust's registration statement on Form N-14 on December 22, 2015, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000158281615000439/jacobslevysubadvisoryagmt.htm)

#### <br>

------

(k) [<u>Subadvisory Agreement among the Trust, NFA and Nationwide Asset Management, LLC, dated January 1, 2008, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000089322008000255/w47911aexv23wxdyx2yxvy.htm) [<u>EX-23.d.2.v with the Trust's registration statement on February 8, 2008, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000089322008000255/w47911aexv23wxdyx2yxvy.htm)

(i) [<u>Exhibit A to the Subadvisory Agreement, amended May 1, 2013, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312514014315/d647433dex9928d2ki.htm) [<u>EX-28.d.2.k.i with the Trust's registration statement on January 17, 2014, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312514014315/d647433dex9928d2ki.htm)

(l) [<u>Subadvisory Agreement among the Trust, NFA and DoubleLine Capital LP, dated October 16, 201</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312517310601/d445755dex9928d3cc.htm) [<u>7, previously filed as Exhibit EX-28.d.3.cc with the Trust's registration statement on October 16, 2017, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312517310601/d445755dex9928d3cc.htm)

(m) [<u>Subadvisory Agreement among th</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312518122325/d510689dex9928d3bb.htm) [<u>e Trust, NFA and AQR Capital Management, LLC, dated November 13, 2017, previously filed as Exhibit EX-28.d.3.bb with the Trust's registration statement on April 19, 2018, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312518122325/d510689dex9928d3bb.htm)

(n) [<u>Subadvisory Agreement among the Trust, NFA and BlackRock Investment Management, LLC, dated July 2, 2018, previously filed as Exhibit EX-28.d.3.cc with the Trust's registration statement on September 24, 2018, is hereby incorporated b</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312518281201/d624477dex9928d3cc.htm) [<u>y reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312518281201/d624477dex9928d3cc.htm)

(o) [<u>S</u> <u>ubadvisory Agreement among the Trust, NFA and WCM Investment Management, LLC,</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312519003435/d675436dex9928d3cc.htm) [<u>dated October 8, 2018, previously filed as Exhibit EX-28.d.3.cc with the Trust's registration statement on January 7, 2019, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312519003435/d675436dex9928d3cc.htm)

(i) [<u>Exhibit A to</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312519262393/d809092dex9928d3bbi.htm) <u>[the Subadvisory Agreement, amended September 13, 2019, previously filed as Exhibit EX-28.d.3.bb.i with the Trust's registration statement on October 4, 2019.](https://www.sec.gov/Archives/edgar/data/353905/000119312519262393/d809092dex9928d3bbi.htm)</u> 

(p) [<u>Subadvisory Agreement among the Trust, NFA and Amundi Asset Management US, Inc. (formerly, Amundi Pioneer Institutional Ass</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312519003435/d675436dex9928d3dd.htm) [<u>et Management, Inc., dated January 14, 2019, previously filed as Exhibit EX-28.d.3.dd with the Trust's registration statement on January 7, 2019, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312519003435/d675436dex9928d3dd.htm)

(q) [<u>Subadvisory Agreement a</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312519194690/d35415dex9928d3dd.htm) [<u>mong the Trust, NFA and Invesco Advisers, Inc., dated May 24, 2019, previously filed as Exhibit EX-28.d.3.dd with the Trust's registration statement on July 16, 2019, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312519194690/d35415dex9928d3dd.htm)

(r) [<u>Subadvisory Agreement</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312519262393/d809092dex9928d3ee.htm) [<u>among the Trust, NFA and Goldman Sachs Asset Management, L.P., dated June 13, 2019, previously filed as Exhibit EX-28.d.3.ee with the Trust's registration statement on October 4, 2019, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312519203767/d767005dex9928d3ff.htm)

(s) [<u>Subadvisory Agreement among the Trust, NFA and J.P. Morgan Investment Management Inc., dated June 13, 2019, previously filed as Exhibit EX-28.d.3.ff with the Trust's registration statement</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312519203767/d767005dex9928d3ff.htm) <u>[on July 26, 2019, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312519203767/d767005dex9928d3ff.htm)</u>

(i) [<u>Amendment to Subadvisory Agreement, dated March 10, 2021, previously filed as Exhibit EX-</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312521092057/d46667dex9928d3zi.htm) [<u>28.d.3.z.i with the Trust's registration statement on March 24, 2021, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312521092057/d46667dex9928d3zi.htm)

(ii) [<u>Amendment to Subadvisory Agreement, dated June 15, 2022, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000113743922000963/ex28d3sii.htm) [<u>EX-28.d.3.s.ii with the Trust's registration statement on October 11, 2022, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000113743922000963/ex28d3sii.htm)

(t) [<u>Subadvisory Agreement among the Trust, NFA and Jacobs Levy Equity Management, Inc., dated Septemb</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312519262393/d809092dex9928d3gg.htm) [<u>er 13, 2019, previously filed as Exhibit EX-28.d.3.gg with the Trust's registration statement on October 4, 2019, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312519262393/d809092dex9928d3gg.htm)

------

(i) [<u>Exhibit A to the Subadvisory Agreement, amended December 5, 2019, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312520008750/d829063dex9928d3ee1.htm) [<u>EX-28.d.3.ee.1 with the Trust's registration statement on January 16, 2020, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312520008750/d829063dex9928d3ee1.htm)

(u) [<u>Subadvisory Agreement among the Trust, NFA and Columbia Management Investment Advisers, LLC, dated March 12, 2020, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312520109162/d847403dex9928dcc.htm) [<u>EX-28.d.3.cc with the Trust's registration statement on April 16, 2020, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312520109162/d847403dex9928dcc.htm)

(v) [<u>Subadvisory Agreement among the Trust, NFA and Newton Investment Management Limited</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312520109162/d847403dex9928d3dd.htm) <u>, [dated March 12, 2020, previously filed as Exhibit EX-28.d.3.dd with the Trust's registration statement on April 16, 2020, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312520109162/d847403dex9928d3dd.htm)</u>

(i) [Amendment to Subadvisory Agreement, amended March 9, 2022, previously filed as Exhibit EX-28.d.3.y.i with the Trust's registration statement on April 25, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522117162/d330240dex9928d3yi.htm)

(w) [Subadvisory Agreement among the Trust, NFA and Dreyfus Cash Investment Strategies, a division of BNY Mellon Investment Adviser, Inc., dated March 12, 2020, previously filed as Exhibit EX-28.d.3.ee with the Trust's registration statement on April 16, 2020, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312520109162/d847403dex9928d3ee.htm)

(x) [Subadvisory Agreement among the Trust, NFA and Newton Investment Management North America, LLC, effective August 31, 2021, previously filed as Exhibit EX-28.d.3.aa with the Trust's registration statement on January 12, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522007490/d277565dex9928d3aa.htm)

(y) [<u>Subadvisory Agreement among the Trust, NFA and Allspring Global Investments, LLC, effective November 1, 2021, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522007490/d277565dex9928d3bb.htm) [<u>EX-28.d.3.bb with the Trust's registration statement on January 12, 2022, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522007490/d277565dex9928d3bb.htm)

(z) [Subadvisory Agreement among the Trust, NFA and Loomis, Sayles & Company, L.P., effective June 30, 2021, previously filed as Exhibit EX-28.d.3.z with the Trust's registration statement on October 11, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000113743922000963/ex28d3z.htm)

(aa) [Subadvisory Agreement among the Trust, NFA and NS Partners LTD, effective June 30, 2021, previously filed as Exhibit EX-28.d.3.aa with the Trust's registration statement on October 11, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000113743922000963/ex28d3aa.htm)

(i) [Exhibit A to the Subadvisory Agreement, amended July 18, 2022, previously filed as Exhibit EX-28.d.3.aa.i with the Trust's registration statement on October 11, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000113743922000963/ex28d3aai.htm)

(bb) [Subadvisory Agreement among the Trust, NFA and Victory Capital Management Inc., effective December 9, 2021, previously filed as Exhibit EX-28.d.3.bb with the Trust's registration statement on October 11, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000113743922000963/ex28d3bb.htm)

(4) Fund of Funds Investment Agreements

(a) [<u>Fund of Funds Investment Agreement among the Trust, NFA and American Funds Insurance Series, effective January 19, 2022, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522007490/d277565dex9928d4a.htm) [<u>EX-28.d.4.a with the Trust's registration statement on January 12, 2022, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522007490/d277565dex9928d4a.htm)

(b) [<u>Fund of Funds Investment Agreement among the Trust, BlackRock Variable Series Funds, Inc. and BlackRock Advisors, LLC, effective January 19, 2022, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522007490/d277565dex9928d4b.htm) [<u>EX-28.d.4.b with the Trust's registration statement on January 12, 2022, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522007490/d277565dex9928d4b.htm)

------

(c) [<u>Fund of Funds Investment Agreement among the Trust, Nationwide Mutual Funds, BlackRock ETF Trust, BlackRock ETF Trust II, iShares Trust, iShares, Inc. and iShares U.S. ETF Trust, effective January 19, 2022, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522007490/d277565dex9928d4c.htm) [<u>EX-28.d.4.c with the Trust's registration statement on January 12, 2022, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522007490/d277565dex9928d4c.htm)

(e) (1) [<u>Underwriting Agreement between the Trust and Nationwide Fund Distributors, LLC ("NFD"), dated May 1, 2007, previously filed as Exhibit EX-99.e with the Trust's registration statement on April 30, 2007, is hereb</u>](https://www.sec.gov/Archives/edgar/data/353905/000113542807000150/ex-e.txt) [<u>y incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000113542807000150/ex-e.txt)

(a) [<u>Schedule A to the Underwriting Agreement, amended March 9, 2022, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928e1a.htm) [<u>EX-</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928e1a.htm) <u>28.e.1.a with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.</u> 

(f) Not applicable.

(g) (1) [<u>Global Custody Agreement between the Trust and JPMorgan Chase National Association (formerly, JPMorgan Chase Bank), dated April 4, 2003, previously filed as Exhibit EX-23.g.2 with th</u>](https://www.sec.gov/Archives/edgar/data/353905/000093632903000076/doc3.txt) [<u>e Trust's registration statement on April 28, 2003, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000093632903000076/doc3.txt)

(a) [<u>Waiver to Global Custody Agreement, dated May 2, 2005, previously filed as Exhibit EX-23.g.</u>](https://www.sec.gov/Archives/edgar/data/353905/000113542805000213/ex-23g1b.txt) [<u>1.b with</u>](https://www.sec.gov/Archives/edgar/data/353905/000113542805000213/ex-23g1b.txt) <u>the Tr</u> <u>ust's registration statement on April 28, 2005, is hereby incorporated by reference.</u> 

(b) [<u>Rider to Global Custody Agreement Cash Trade Execution Product, dated April 4, 2003, previously filed as Exh</u>](https://www.sec.gov/Archives/edgar/data/353905/000113542806000015/exh99-23g1d.txt) [<u>ibit EX-23.g.1.d with the Trust's registration statement on January 17, 2006, is hereby inc</u>](https://www.sec.gov/Archives/edgar/data/353905/000113542806000015/exh99-23g1d.txt) <u>orporated by reference.</u> 

(c) [<u>Concentration Accounts Agreement, dated December 2, 2009, previously filed as Exhib</u>](https://www.sec.gov/Archives/edgar/data/353905/000095012310037565/b77153bexv99w28wgw1we.htm) [<u>it EX-28.g.1.e with the Trust's registration statement on April 23, 2010, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000095012310037565/b77153bexv99w28wgw1we.htm)

(d) [<u>Amendment to Global Custody Agreement, dated December 2, 2009, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000168035920000530/amndmenttoglbalcustodyagrmnt.htm) [<u>EX-16.9.a.iv with the Trust's registration statement on Form N-1A on October 28, 2020, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000168035920000530/amndmenttoglbalcustodyagrmnt.htm)

(e) [Amendment to Global Custody Agreement, dated March 8, 2012, previously filed as Exhibit EX-28.g.1.a with the Trust's registration statement on September 15, 2020, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312520246037/d60428dex9928g1a.htm)

(f) [Amendment to Global Custody Agreement, dated December 9, 2015, previously filed as Exhibit EX](https://www.sec.gov/Archives/edgar/data/353905/000158281615000439/amendgcagmt.htm) [-16.9.a.iii with the Trust's reg](https://www.sec.gov/Archives/edgar/data/353905/000158281615000439/amendgcagmt.htm) <u>istration statement on Form N-14 on Dece mber 22, 2015, is hereby incorporated by reference.</u> 

(g) [Amendment to Global Custody Agreement, effective February 1, 2022, previously filed as Exhibit EX-28.g.1.g with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928g1g.htm)

(h) [Amendment to Exhibit I of the Global Custody Agreement, dated March 14, 2022, previously filed as Exhibit EX-28.g.1.h with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928g1h.htm)

(h) (1) [<u>Joint Fund Administration and Transfer Agency Agreement between the Trust, Nationwide Mutual Funds and Nationwide Fund Management LLC ("NFM"), dated May 1, 2010, previously fil</u>](https://www.sec.gov/Archives/edgar/data/353905/000095012310086013/w79637aexv99w28whw1.htm) [<u>ed as Exhibit EX-28.h.1 with the Trust's registration statement on September 14, 2010, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000095012310086013/w79637aexv99w28whw1.htm)

(a) [Schedule C of the Joint Fund Administration and Transfer Agency Agreement, amended September 1, 2012, previously filed as Exhibit EX-28.h.1.a with the Trust's registration statement on October 11, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000113743922000963/ex28h1a.htm)

(2) [Administrative Services Plan, dated May 1, 2007, amended March 10, 2021, previously filed as Exhibit EX-28.h.2 with the Trust's registration statement on March 24, 2021, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312521092057/d46667dex9928h2.htm)

------

(3) [<u>Expense Limitation Agreement between the Trust and NFA, dated May 1, 2007, previously filed as Exhibit EX-23.h.3 with the Trust's registration statement on April 14, 2008, is hereby incorporated b</u>](https://www.sec.gov/Archives/edgar/data/353905/000089322008001065/n48420exv23wxhyx3y.htm) [<u>y reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000089322008001065/n48420exv23wxhyx3y.htm)

(a) [Exhibit A to the Expense Limitation Agreement, amended as of January 1, 2023, is filed herewith as Exhibit EX-28.h.3.a.](ex28h3a.htm)

(4) [<u>Assignment and Assumption Agreement between NVIT-Massachusetts ("NVIT-MA") and the Trust, dated May 2, 2005, assigning NVIT-MA's title, rights, interests, benefits and privileges in and to certain contracts in the Agreement, previously filed as Exhibit EX-23.h.7 with the Trust</u>](https://www.sec.gov/Archives/edgar/data/353905/000113542806000015/exh99-23h7.txt) <u>' [s registration statement on January 17, 2006, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000113542806000015/exh99-23h7.txt)</u>

(5) [<u>Fund Par</u>](https://www.sec.gov/Archives/edgar/data/353905/000089322008002614/n66778exv23wxhyx6y.htm) [<u>ticipation Agreement among NFM, Nationwide Financial Services, Inc. ("NFS"), American Funds Insurance Series and Capital Research and Management Company, dated May 1, 2007, previously filed as Exhibit EX-23.h.6 with the Trust's registration statement on September 25, 2008, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000089322008002614/n66778exv23wxhyx6y.htm)

(6) [<u>Master-Feeder Services Agreement between the Trust and NFM, dated May 1, 2007, for the American Fund</u>](https://www.sec.gov/Archives/edgar/data/353905/000113542807000150/ex-h7.txt) <u>s [NVIT Growth Fund, American Funds NVIT Global Growth Fund, American Funds NVIT Asset Allocation Fund, American Funds NVIT Bond Fund and American Funds NVIT Growth-Income Fund (collectively, the "Feeder Funds"), previously filed as Exhibit EX-23.h.7 with the Trust's registration statement on April 30, 2007, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000113542807000150/ex-h7.txt)</u>

(7) [<u>Amended and Restated Fee Waiver Agreement between the Trust and NFM, dated May 1, 2021, relating to the NVIT American Funds Asset Allocation Fund, NVIT American Funds Bond Fund, NVIT American Funds Global Growth Fund, NVIT American Funds Growth Fund, and NVIT American Funds Growth-Income Fund, previously f</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312521117479/d335504dex9928h7.htm) [<u>iled as Exhibit EX-28.h.7 with the Trust's registration statement on April 15, 2021, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312521117479/d335504dex9928h7.htm)

(8) [<u>12b-1 Fee Waiver Agreement between the Trust and NFD, dated May 1, 2022, relating to the NVIT BlackRock Managed Global Allocation Fund, NVIT DoubleLine Total Return Tactical Fund, NVIT Blueprint</u> <sup><u>SM</u></sup> <u>Aggressive Fund, NVIT Blueprint</u> <sup><u>SM</u></sup> <u>Moderately Aggressive Fund, NVIT Blueprint</u> <sup><u>SM</u></sup> <u>Capital Appreciation Fund, NVIT Blueprint</u> <sup><u>SM</u></sup> <u>Moderate Fund, NVIT Blueprint</u> <sup><u>SM</u></sup> <u>Balanced Fund, NVIT Blueprint</u> <sup><u>SM</u></sup> <u>Moderately Conservative Fund, NVIT Blueprint</u> <sup><u>SM</u></sup> <u>Conservative Fund, NVIT Blueprint Managed Growth & Income Fund, NVIT Blueprint Managed Growth Fund, NVIT BNY Mellon Sustainable U.S. Equity Fund, and NVIT BNY Mellon Dynamic U.S. Equity Fund, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928h8.htm) [<u>EX-28.h.8 with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928h8.htm)

(9) [<u>Fund Participation Agreement among NFA, NFD, and</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312513164736/d521377dex9928h22.htm) <u>[NFS, dated May 2, 2005, previously filed as Exhibit EX-28.h.22 with the Trust's registration statement on April 22, 2013, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312513164736/d521377dex9928h22.htm)</u>

(i) [<u>Form of Amendment to the Fund Participation Agreement by and among NFA, NFD, and NFS, dat</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312513164736/d521377dex9928h22i.htm) [<u>ed May 1, 2013, relating to certain series of the Trust, previously filed as Exhibit EX-28.h.22.i with the Trust's registration statement on April 22, 2013, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312513164736/d521377dex9928h22i.htm)

(10) [<u>Participation Agreement among the Trust, iShares Trust, iShares U.S. ETF Trust, iShares, Inc., iShares U.S. ETF Company, Inc. and iShares Sovereign Screened Global Bond Fund, Inc., relating to certain series of the Trust, dated Septem</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312515046325/d851102dex9928h24.htm) [<u>ber 10, 2014, previously filed as Exhibit EX-28.h.24 with the Trust's registration statement on February 12, 2015, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312515046325/d851102dex9928h24.htm)

(11) [<u>Fund of Funds Participation Agreement among the Trust, NFA, WisdomTree Trust and WisdomTree</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312515046325/d851102dex9928h25.htm) [<u>Asset Management, Inc., dated September 10, 2014, relating to certain series of the Trust, previously filed as Exhibit EX-28.h.25 with the Trust's registration statement on February 12, 2015, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312515046325/d851102dex9928h25.htm)

(12) [<u>Purchasing Fund</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312515046325/d851102dex9928h26.htm) <u>[Agreement among the Trust, PowerShares Exchange-Traded Fund Trust, PowerShares Exchange-Traded Fund Trust II, PowerShares India Exchange-Traded Fund Trust and PowerShares Actively Managed Exchange-Traded Fund Trust, relating to certain series of the Trust, dated September 10, 2014, previously filed as Exhibit EX-28.h.26 with the Trust's registration statement on February 12, 2015, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312515046325/d851102dex9928h26.htm)</u>

------

(13) [<u>Investing Fund Agreement between the Trust and Market Vectors EFT Trust, dated September 10, 2014, relating to certain</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312515046325/d851102dex9928h27.htm) <u>[series of the Trust, previously filed as Exhibit EX-28.h.27 with the Trust's registration statement on February 12, 2015, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312515046325/d851102dex9928h27.htm)</u>

(14) [<u>12(d)(1) Investing Agreement between the Trust and Vanguard Trusts, dated October 31, 2014, relating to certain series of the Trust, previously filed as Exhibit EX</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312515046325/d851102dex9928h28.htm) [<u>-28.h.28 with the Trust's registration statement on February 12, 2015, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312515046325/d851102dex9928h28.htm)

(15) [<u>Investing Fund Agreement between the Trust, First Trust Exchange-Traded Fund, First Trust Exchange-Traded Fund II, First Trust Exchange-Traded Fund III, First Trust Exchange-Traded Fund IV, First Trust Exchange-Traded Fund V, First Trust Exchange-Traded Fund VI, First Trust Exchange-Traded Fund VII, Fi</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312515046325/d851102dex9928h29.htm) [<u>rst Trust Exchange-Traded AlphaDEX<sup>®</sup> Fund and First Trust Exchange-Traded AlphaDEX<sup>®</sup> Fund II, relating to certain series of the Trust, previously filed as Exhibit EX-28.h.29 with the Trust's registration statement on February 12, 2015, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312515046325/d851102dex9928h29.htm)

(16) [<u>Expense Limitation Agreement between the Trust and NFA, dated May 1, 2017, relating to the BlackRock NVIT Man</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312517128704/d337983dex9928h21.htm) [<u>aged Global Allocation Fund, previously filed as Exhibit EX-28.h.21 with the Trust's registration statement on April 19, 2017, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312517128704/d337983dex9928h21.htm)

(a) [<u>Amendment to Expense Limitation Agreement, dated July 1, 2018, previously filed as Exhibit EX-28.h.21.a with the Trust's registration statement on Se</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312518281201/d624477dex9928h21a.htm) [<u>ptember 24, 2018, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312518281201/d624477dex9928h21a.htm)

(17) [<u>Fee Waiver Agreement between the Trust and NFA, dated May 1, 2022, relating to the NVIT BlackRock Managed Global Allocation Fund, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928h17.htm) [<u>EX-28.h.17 with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928h17.htm)

(18) [<u>Form of Fund of Funds Participation Agreement among the Trust, on behalf of the BlackRock NVIT Managed Global Allocation Fund, NFA, BlackRock Variable Series Funds, Inc., on behalf</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312515152267/d851102dex9928h24.htm) [<u>of certain series of its trust, and BlackRock Advisors, LLC, previously filed as Exhibit EX-28.h.24 with the Trust's registration statement on April 28, 2015, is hereby in</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312515152267/d851102dex9928h24.htm) <u>corporated by reference.</u>

(19) [<u>Fee Waiver Agreement between the Trust and NFA, dated May 1, 2022, relating to the NVIT Blueprint</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928h19.htm) [<sup>SM</sup> Aggressive Fund, NVIT Blueprint<sup>SM</sup> Moderately Aggressive Fund, NVIT Blueprint<sup>SM</sup> Capital Appreciation Fund, NVIT Blueprint<sup>SM</sup> Moderate Fund, NVIT Blueprint<sup>SM</sup> Balanced Fund, NVIT Blueprint<sup>SM</sup> Moderately Conservative Fund and NVIT Blueprint<sup>SM</sup> Conservative Fund, previously filed as Exhibit](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928h19.htm) <u>EX-28.h.19 with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.</u>

(20) [<u>Administrative Services Fee Waiver Agreement between the Trust and NFS, dated May 1, 2022, relating t</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928h20.htm) [<u>o the NVIT Government Money Market Fund, previously filed as Exhibit EX-28.h.20 with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928h20.htm)

(21) [Fee Waiver Agreement between the Trust and NFA, dated May 1, 2022, relating to the NVIT Real Estate Fund, previously filed as Exhibit EX-28.h.21 with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928h21.htm)

(22) [Amended and Restated Fee Waiver Agreement between the Trust and NFA, effective January 1, 2023 relating to the NVIT Allspring Discovery Fund, NVIT BNY Mellon Core Plus Bond Fund, NVIT BNY Mellon Dynamic U.S. Core Fund, NVIT Calvert Equity Fund, NVIT Emerging Markets Fund, NVIT Government Bond Fund, NVIT Jacobs Levy Large Cap Core Fund, NVIT Loomis Short Term Bond Fund, NVIT Multi-Manager Mid Cap Value Fund, NVIT Multi-Manager Small Company Fund, NVIT NS Partners International Focused Growth Fund and NVIT Real Estate is filed herewith as Exhibit](ex28h22.htm) [EX-28.h.22.](ex28h22.htm)

(23) [Fee Waiver Agreement between the Trust and NFA, dated July 1, 2020, relating to the NVIT Government Money Market Fund, previously filed as Exhibit EX-28.h.30 with the Trust's registration statement on April 16, 2020, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312520109162/d847403dex9928h30.htm)

(24) [<u>12b-1 Fee Waiver Agreement between the Trust and NFD, dated May 1, 2022, relating to the NVIT Government Money Market Fund, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928h24.htm) [<u>EX-28.h.24 with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928h24.htm)

------

(25) [<u>Investment Advisory Fee Waiver Agreement between the Trust and NFA, dated May 1, 2022, relating to the NVIT Government Money Market Fund, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928h25.htm) [<u>EX-28.h.25 with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928h25.htm)

(26) [12b-1 Fee Waiver Agreement between the Trust and NFD, dated May 1, 2022, relating to the NVIT International Index Fund, previously filed as Exhibit EX-28.h.26 with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928h26.htm)

(27) [Expense Limitation Agreement between the Trust and NFA, dated November 12, 2021, relating to the NVIT AllianzGI International Growth Fund, NVIT BNY Mellon Dynamic U.S. Equity Income Fund, NVIT Emerging Markets Fund, NVIT Mid Cap Index Fund, NVIT Real Estate Fund, NVIT S&P 500 Index Fund, NVIT Wells Fargo Discovery Fund, NVIT BNY Mellon Core Plus Bond Fund, and NVIT Managed American Funds Asset Allocation Fund, previously filed as Exhibit EX-28.h.27 with the Trust's registration statement on January 12, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522007490/d277565dex9928h27.htm)

(28) [Expense Limitation Agreement between the Trust and NFA, dated November 12, 2021, relating to the NVIT American Funds Asset Allocation Fund and NVIT American Funds Growth Fund, previously filed as Exhibit Ex-28.h.28 with the Trust's registration statement on January 12, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522007490/d277565dex9928h28.htm)

(i) Not applicable.

(j) Not applicable.

(k) Not applicable.

(l) Not applicable.

(m) [<u>Distribution Plan under Rule 12b-1, dated May 1, 2007, as amended March 10, 2021, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312521092057/d46667dex9928m.htm) [<u>EX-28.m with the Trust's registration statement on March 24, 2021, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312521092057/d46667dex9928m.htm)

(n) [<u>Rule 18f-3 Plan, dated May 1, 2007, as amended March 9, 2022, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928n.htm) [<u>EX-28.n with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928n.htm)

(o) Not applicable.

(p) (1) [<u>Code of Ethics for NF</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312521117479/d335504dex9928p1.htm) [<u>A, the Trust and Nationwide Mutual Funds, amended March 2020, previously filed as Exhibit EX-28.p.1 with the Trust's registration statement on April 15, 2021, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312521117479/d335504dex9928p1.htm)

(2) [Code of Ethics for NFD, dated April 1, 2021, previously filed as Exhibit EX-28.p.2 with the Trust's registration statement on April 15, 2021, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312521117479/d335504dex9928p2.htm)

(3) [Code of Ethics for Access Persons for Federated Investment Management Company, effective November 10, 2021, previously filed as Exhibit EX-28.p.3 with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928p3.htm)

(4) [Code of Ethics for JPMorgan Asset Management ("JPMAM"), effective July 2, 2021, previously filed as Exhibit EX-28.p.4 with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928p4.htm)

(5) [Code of Business Conduct and Ethics for BlackRock, Inc. (and its subsidiaries), dated April 30, 2020, previously filed as Exhibit EX-28.p.5 with the Trust's registration statement on April 15, 2021, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312521117479/d335504dex9928p5.htm)

(6) [<u>Code of Ethics for Neuberger Berman Investment Advisers LLC, revised January 26, 2021, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312521117479/d335504dex9928p6.htm) [<u>EX-28.p.6 with the Trust's registration statement on April 15, 2021, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312521117479/d335504dex9928p6.htm)

(7) [<u>Code of Ethics for American Century Investment Management, Inc., revised January 1, 2021, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312521117479/d335504dex9928p7.htm) [<u>EX-28.p.7 with the Trust's registration statement on April 15, 2021, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312521117479/d335504dex9928p7.htm)

(8) [<u>Code of Ethics for Capital Research and Management Company, dated April 2020, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312520109162/d847403dex9928p8.htm) [<u>EX-28.p.8 with the Trust's registration statement on April 16, 2020, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312520109162/d847403dex9928p8.htm)

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(9) [Code of Ethics for Allspring Global Investments, LLC, effective November 1, 2021, previously filed as Exhibit EX-28.p.9 with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928p9.htm)

(10) [Code of Ethics and Personal Trading Policy for Nationwide Asset Management, LLC, effective July 2020, previously filed as Exhibit EX-28.p.10 with the Trust's registration statement on April 15, 2021, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312521117479/d335504dex9928p10.htm)

(11) [Code of Ethics for Thompson, Siegel & Walmsley LLC, dated June 18, 2021, previously filed as Exhibit EX-28.p.11 with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928p11.htm)

(12) <u>[Code of Ethics for](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928p12.htm)</u> [Wellington Management Company, LLP, dated August 2, 2021, previously filed as Exhibit](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928p12.htm) <u>EX-28.p.12 with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.</u> 

(13) [<u>Code of Ethics and Person</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312521117479/d335504dex9928p14.htm) [<u>al Investment Policy for Lazard Asset Management LLC, dated July 2020, previously filed as Exhibit EX-28.p.14 with the Trust's registration statement on April 15, 2021, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312521117479/d335504dex9928p14.htm)

(14) [<u>Code of Ethics for Jacobs Levy Equity Management, Inc., revised January 2016, previously filed as Exhibit EX-28.p.27 with the Trust's registration statement on April 19, 2017, is hereby incorpor</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312517128704/d337983dex9928p27.htm) [<u>ated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312517128704/d337983dex9928p27.htm)

(15) [<u>Code of Ethics for DoubleLine Capital LP, effective January 1, 2021, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312521117479/d335504dex9928p17.htm) [<u>EX-28.p.17 with the Trust's registration statement on April 15, 2021, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312521117479/d335504dex9928p17.htm)

(16) [<u>Code of Ethics for AQR Capital Management, LLC, amended September 2021, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928p16.htm) [<u>EX-28.p.16 with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928p16.htm)

(17) [<u>Code of Ethics for Amundi Asset Management US, Inc., revised July 2021, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928p17.htm) [<u>EX-28.p.17 with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928p17.htm)

(18) [Code of Ethics and Personal Trading Policy for Invesco Advisers, Inc., effective January 2022, previously filed as Exhibit EX-28.p.19 with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928p19.htm)

(19) [Code of Ethics for WCM Investment Management, LLC, adopted May 1, 2021, previously filed as Exhibit EX-28.p.20 with the Trust's registration statement on January 12, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522007490/d277565dex9928p20.htm)

(20) [Code of Ethics for Goldman Sachs Asset Management, L.P., dated August 29, 2019, previously filed as Exhibit EX-28.p.27 with the Trust's registration statement on April 16, 2020, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312520109162/d847403dex9928p27.htm)

(21) [Global Personal Account Dealing and Code of Ethics for Columbia Threadneedle Investments, dated December 2021, previously filed as Exhibit EX-28.p.22 with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928p22.htm)

(22) [Personal Securities Trading Policy for Newton Investment Management Limited, effective March 31, 2021, previously filed as Exhibit EX-28.p.23 with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928p23.htm)

(23) [Code of Conduct for Dreyfus Cash Investment Strategies, previously filed as Exhibit EX-28.p.24 with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928p24.htm)

(24) [<u>Personal Securities Trading Policy for Insight North America LLC, effective March 31, 2021, previously filed as Exhibit</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928p25.htm) [<u>EX-28.p.25 with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928p25.htm)

(25) [Code of Ethics for NS Partners Ltd, dated September 2020, previously filed as Exhibit EX-28.p.26 with the Trust's registration statement on January 12, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522007490/d277565dex9928p26.htm)

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(26) [Code of Ethics for Loomis, Sayles & Company, L.P., dated December 16, 2020, previously filed as Exhibit EX-28.p.27 with the Trust's registration statement on January 12, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522007490/d277565dex9928p27.htm)

(27) [Code of Ethics for Victory Capital Management Inc., effective January 1, 2022, previously filed as Exhibit EX-28.q.27 with the Trust's registration statement on October 11, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000113743922000963/ex28p27.htm)

(28) [Code of Conduct for Newton Investment Management Ltd., dated September 30, 2021, previously filed as Exhibit EX-28.p.29 with the Trust's registration statement on April 19, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312522109207/d285920dex9928p29.htm)

(q) (1) [<u>Power of Attorney with respect to the Trust for Barbara I. Jacobs, dated June 14, 2017, previously filed as Exhibit EX-28</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312517209986/d395837dex9928q2.htm) <u>. [q.2 with the Trust's registration statement on June 22, 2017, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312517209986/d395837dex9928q2.htm)</u> 

(2) [<u>Power of Attorney with respect to the Trust for Douglas F. Kridler, dated June 14, 2017, previously filed as Exhib</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312517209986/d395837dex9928q5.htm) <u>i [t EX-28.q.5 with the Trust's registration statement on June 22, 2017, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312517209986/d395837dex9928q5.htm)</u> 

(3) [<u>Power of Attorney with respect to the Trust for Keith F. Karlawish, dated June 14, 2017, previously filed as</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312517209986/d395837dex9928q7.htm) [<u>Exhibit EX-28.q.7 with the Trust's registration statement on June 22, 2017, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312517209986/d395837dex9928q7.htm)

(4) [<u>Power of Attorney with respect to the Trust for M. Diane Koken, dated March 6, 2019, previously filed as Exhi</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312519110774/d658271dex9928q8.htm) [<u>bit EX-28.q.8 with the Trust's registration statement on April 18, 2019, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312519110774/d658271dex9928q8.htm)

(5) [<u>Power of Attorney with resp</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312517209986/d395837dex9928q9.htm) [<u>ect to the Trust for Carol A. Kosel, dated June 14, 2017, previously filed as Exhibit EX-28.q.9 with the Trust's registration statement on June 22, 2017, is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/353905/000119312517209986/d395837dex9928q9.htm)

(6) [Power of Attorney with respect to the Trust for Lee T. Cummings, dated September 28, 2022, previously filed as Exhibit EX-28.q.9 with the Trust's registration statement on October 11, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000113743922000963/ex28q9.htm)

(7) [Power of Attorney with respect to the Trust for Lorn C. Davis, dated January 1, 2021, previously filed as Exhibit EX-28.q.10 with the Trust's registration statement on March 24, 2021, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312521092057/d46667dex9928q10.htm)

(8) [Power of Attorney with respect to the Trust for David E. Wezdenko dated January 1, 2021, previously filed as Exhibit EX-28.q.11 with the Trust's registration statement on March 24, 2021, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000119312521092057/d46667dex9928q11.htm)

(9) [Power of Attorney with respect to the Trust for David Majewski, dated September 28, 2022, previously filed as Exhibit EX-28.q.12 with the Trust's registration statement on October 11, 2022, is hereby incorporated by reference.](https://www.sec.gov/Archives/edgar/data/353905/000113743922000963/ex28q12.htm)

#### ITEM 29. PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH REGISTRANT
No person is presently controlled by or under common control with Registrant.

#### <br>

#### ITEM 30. INDEMNIFICATION
Indemnification provisions for officers, directors and employees of the Registrant are set forth in Article VII, Section 2 of the Amended Declaration. See Item 28(a) above.

The Trust has entered into indemnification agreements with each of the trustees and certain of its officers. The indemnification agreements provide that the Trust will indemnify the indemnitee for and against any and all judgments, penalties, fines, and amounts paid in settlement, and all expenses actually and reasonably incurred by indemnitee in connection with a proceeding that the indemnitee is a party to or is threatened to be made a party to (other than certain exceptions specified in the agreements), to the maximum extent not expressly prohibited by Delaware law or applicable federal securities law and regulations (including, without limitation, Section 17(h) of the Investment Company Act of 1940 and the rules and regulations issued with respect thereto by the U.S. Securities and Exchange Commission). The Trust also will indemnify indemnitee for and against all expenses actually and reasonably incurred by indemnitee in connection with any proceeding to which indemnitee is or is threatened to be made a witness but not a party. See Item 23(h)(4) above.

------

Insofar as indemnification for liability arising under the Securities Act of 1933 (the "Act") may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

#### ITEM 31. BUSINESS AND OTHER CONNECTIONS OF INVESTMENT ADVISER
(a) Nationwide Fund Advisors ("NFA"), the investment adviser to the Trust, also serves as investment adviser to Nationwide Mutual Funds. To the Registrant's knowledge, the Directors and
 Officers of NFA have not been engaged in any other business or profession of a substantial nature during the past two fiscal years other than in their capacities as a director or officer of NFA or its affiliates. Each of the following persons serves in the same or similar capacity with one or more affiliates of NFA. The address for the persons listed below is One Nationwide Plaza, Columbus, Ohio
 43215.

---

| | | | |
|:---|:---|:---|:---|
| Name and Address | Principal Occupation | Position with NFA | Position with Funds |
| John L. Carter | President and Chief Operating Officer of Nationwide Financial Services, Inc. | President and Director | N/A |
| Lee T. Cummings | President, Chief Executive Officer and Principal Executive Officer of the Trust; Senior Vice President and Head of Fund Operations of Nationwide Funds Group; Vice President of Nationwide Mutual Insurance Company | Senior Vice President | President, Chief Executive Officer and Principal Executive Officer, Senior Vice President and Head of Fund Operations |
| Kevin Grether | Senior Vice President of NFA and Chief Compliance Officer of NFA and the Trust; Vice President of Nationwide Mutual Insurance Company | Senior Vice President and Chief Compliance Officer | Senior Vice President and Chief Compliance Officer |
| Pamela A. Biesecker | Senior Vice President and Head of Taxation of Nationwide Mutual Insurance Company | Senior Vice President and Head of Taxation | N/A |
| Denise L. Skingle | Senior Vice President and Chief Counsel of Nationwide Mutual Insurance Company | Senior Vice President and Secretary | N/A |
| Steve A. Ginnan | Senior Vice President, Director and Chief Financial Officer of NFS | Director | N/A |
| Stephen R. Rimes | Vice President, Associate General Counsel and Secretary for Nationwide Funds Group; Vice President of Nationwide Mutual Insurance Company | Vice President, Associate General Counsel and Assistant Secretary | Secretary, Senior Vice President and General Counsel |
| David A. Conner | Associate Vice President and Assistant Treasurer of Nationwide Mutual Insurance Company | Associate Vice President and Assistant Treasurer | N/A |
| Hope C. Hacker | Associate Vice President and Assistant Treasurer of Nationwide Mutual Insurance Company | Associate Vice President and Assistant Treasurer | N/A |

---

------

---

| | | | |
|:---|:---|:---|:---|
| Timothy J. Dwyer | Vice President and Assistant Treasurer of Nationwide Mutual Insurance Company | Vice President and Assistant Treasurer | N/A |
| Mark E. Hartman | Associate Vice President and Assistant Secretary of Nationwide Mutual Insurance Company | Associate Vice President and Assistant Secretary | N/A |
| Keith W. Hinze | Assistant Secretary of Nationwide Mutual Insurance Company | Assistant Secretary | N/A |

---

(b) Information for the Subadvisers

(1) American Century Investment Management, Inc. ("American Century") acts as subadviser to the NVIT Multi-Manager Mid Cap Value Fund. Except as listed below, the directors and officers of
 American Century have not been engaged in any other business or profession of a substantial nature during the past two fiscal years other than in their capacities as a director or officer of affiliated entities.

---

| | | |
|:---|:---|:---|
| Name and Position With American Century | Other Company | Position With Other Company |
| Alex Lepinsky<br> Vice President | Deutsche Bank | Senior Portfolio Manager and Senior Trader |
| Miguel Cota | BlackRock Investments | Senior Credit Trader |
| Peter Van Gelderen | Guggenheim Partners | Co-Head of Structured Credit Group |
| John Pak | The Bank of New York Mellon | Chief Legal Officer of Investment Wealth Management |

---

(2) Amundi Asset Management US, Inc. ("Amundi AM US") acts as subadviser to the NVIT Amundi Multi Sector Bond Fund. The directors and officers of Amundi AM US have not been engaged in any
 other business or profession of a substantial nature during the past two fiscal years other than in their capacities as a director or officer of affiliated entities, except as noted below.

---

| | | |
|:---|:---|:---|
| Name and Position With Amundi AM US | Other Company | Position With Other Company |
| Lisa Jones,<br> CEO | The Investment Company Institute | Member – Board of Governors |
| | MIT Sloan Finance Group Advisory Board | Member |
| Ken Taubes,<br> CIO | Kerem Shalom | Member of Finance Committee |
| | Suffolk University MSF Advisory Board<br>| Board Member |
| | Suffolk University | Trustee and Member of the Investment Committee |
| Gregg Dooling,<br> CFO | Raising a Reader Massachusetts | Member of Finance and Audit Committee |
| | Raising a Reader Massachusetts | Chair of Board of Trustees |

---

(3) AQR Capital Management, LLC ("AQR") acts as subadviser for the NVIT AQR Large Cap Defensive Style Fund. Except as listed below, the directors
 and officers of AQR have not been engaged in any other business or profession of a substantial nature during the past two fiscal years other than in their capacities as a director or officer of affiliated entities.

------

---

| | | |
|:---|:---|:---|
| Name and Position With AQR | Other Company | Position With Other Company |
| Lasse Pedersen, Principal | Copenhagen Business School<br> Howitzvej 60,<br> 2000 Frederiksberg, Denmark 2815 2815 | Professor (2011-present) |
| Scott Richardson, Principal | London Business School<br> 26 Sussex Pl<br> Marylebone, London, UK | Professor of Accounting (2011- present) |
| Tobias Moskowitz, Principal | Yale University School of Management Yale University<br> New Haven, CT 06511 | Dean Takahashi Professor of Finance (2016-present) |
|  | Commonfund<br> 15 Old Danbury Road, Wilton, CT 06897 | Board Member (starting in 2022) |

---

(4) BlackRock Investment Management, LLC ("BlackRock") acts as subadviser to the NVIT S&P 500 Index Fund, NVIT Small Cap Index Fund, NVIT Mid Cap Index Fund, NVIT International Index
 Fund, NVIT Bond Index Fund, NVIT BlackRock Equity Dividend Fund, NVIT iShares Fixed Income ETF Fund and NVIT iShares Global Equity ETF Fund. The directors and officers of BlackRock have not been engaged in any other business or profession
 of a substantial nature during the past two fiscal years other than in their capacities as a director or officer of affiliated entities.

(5) Columbia Management Investment Advisers, LLC ("Columbia") acts as subadviser to the NVIT Columbia Overseas Value Fund. Except as set forth below, none of the directors or officers of
 Columbia are or have been, at any time during the Trust's past two fiscal years, engaged in any other business, profession, vocation or employment of a substantial nature.

(a) Columbia, a wholly-owned subsidiary of Ameriprise Financial, Inc., performs investment advisory services for the Trust and certain other clients. Information regarding the business of
 Columbia is set forth in the Prospectus and Statement of Additional Information of the Trust's series that are subadvised by Columbia and is incorporated herein by reference. Information about the business of Columbia and the directors and
 principal executive officers of Columbia is also included in the Form ADV filed by Columbia with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-25943), which information is incorporated herein by reference. In
 addition to their position with Columbia, certain directors and officers of Columbia also hold various positions with, and engage in business for, Ameriprise Financial, Inc. or its other subsidiaries.

(6) DoubleLine Capital LP ("DoubleLine") acts as subadviser to the NVIT DoubleLine Total Return Tactical Fund. Except as noted below, no director, officer, or partner of DoubleLine have
 been engaged in any other business or profession of a substantial nature during the past two fiscal years other than in their capacities as a director or officer of affiliated entities.

---

| | | |
|:---|:---|:---|
| Name and Position with DoubleLine | Other Company | Position with Other Company |
| Jeffrey E. Gundlach, Chief Executive Officer, Chief Investment Officer | DoubleLine Funds Trust | Chairman of the Board of Trustees |
| Ronald R. Redell, Executive Vice President | DoubleLine Funds Trust | President, Interested Trustee |
| | DoubleLine Opportunistic Credit Fund, DoubleLine Income Solutions Fund, DoubleLine Yield Opportunities Fund | Chairman of the Board of Trustees |

---

------

---

| | | |
|:---|:---|:---|
| Earl Lariscy, General Counsel | DoubleLine Funds Trust | Vice President |
| | DoubleLine Opportunistic Credit Fund, DoubleLine Income Solutions Fund, DoubleLine Yield Opportunities Fund | Vice President and Assistant Secretary |
| Jeffrey J. Sherman, Deputy Chief Investment Officer | DoubleLine Opportunistic Credit Fund, DoubleLine Income Solutions Fund, DoubleLine Yield Opportunities Fund | Vice President |
| Youse Guia, Chief Compliance Officer | DoubleLine Funds Trust, DoubleLine Opportunistic Credit Fund, DoubleLine Income Solutions Fund, DoubleLine Yield Opportunities Fund | Chief Compliance Officer |
| Cris Santa Ana, Chief Risk Officer | DoubleLine Funds Trust, DoubleLine Opportunistic Credit Fund, DoubleLine Income Solutions Fund, DoubleLine Yield Opportunities Fund | Secretary |
| Patrick Townzen, Director of Operations | DoubleLine Funds Trust, DoubleLine Opportunistic Credit Fund, DoubleLine Income Solutions Fund, DoubleLine Yield Opportunities Fund | Vice President |

---

(7) Dreyfus Cash Investment Strategies, a division of BNY Mellon Investment Adviser, Inc. ("BNYMIA") acts as subadviser to the NVIT Government Money Market Fund. BNYMIA also acts as an
 investment adviser or subadviser to other investment companies. To the knowledge of the Registrant, the directors and officers of BNYMIA have not been engaged in any other business or profession of a substantial nature during the past two
 fiscal years other than in their capacities as a director or officer of affiliated entities with the exception that Bushra Mannon, a Vice President of BNYMIA, served as Executive Director of J.P. Morgan Asset Management from September 2013
 until November 2021.

(8) Federated Investment Management Company ("Federated") acts as subadviser to the NVIT Federated High Income Bond Fund and is a registered investment adviser under the Investment
 Advisers Act of 1940. It is a subsidiary of Federated Hermes, Inc. (formerly, Federated Investors, Inc). Federated serves as investment adviser to a number of investment companies and private accounts. Except as noted below, the
 directors and officers of Federated have not been engaged in any other business or profession of a substantial nature during the past two fiscal years other than in their capacities as a director or officer of affiliated entities.

<u> Name and Position with Federated </u> <u> Other Company </u> <u> Position with Other Company </u> <br> <u> James Gallagher II, Trustee </u> <u> Morris James LLP<br> 500 Delaware Avenue, Suite 1500<br> Wilmington, DE 19801-1494 </u> <u> Partner </u>

(9) Goldman Sachs Asset Management, L.P. ("GSAM") is an indirect wholly owned subsidiary of The Goldman Sachs Group, Inc. and serves as subadviser to the NVIT GS Emerging Markets Equity
 Insights Fund, NVIT GS International Equity Insights Fund, NVIT GS Large Cap Equity Insights Fund and NVIT GS Small Cap Equity Insights Fund. GSAM is engaged in the investment advisory business. GSAM is part of The Goldman Sachs Group,
 Inc., a public company that is a bank holding company, financial holding company and a world-wide, full-service financial services organization. GSAM Holdings LLC is the general partner and principal owner of GSAM. To the knowledge of the
 Registrant, the directors and officers of GSAM have not been engaged in any other business or profession of a substantial nature during the past two fiscal years other than in their capacities as a director or officer of affiliated
 entities.

------

(10) Invesco Advisers, Inc. ("Invesco") acts as subadviser to the NVIT Multi-Manager Small Cap Growth Fund and NVIT Multi-Manager Small Company Fund. Except as noted below, no director,
 officer, or partner of Invesco has been engaged in any other business or profession of a substantial nature during the past two fiscal years other than in their capacities as a director or officer of affiliated entities.

The following table provides information with respect to the principal executive officer and the directors of Invesco.<br> Registrant's investment sub-adviser, Invesco is located at 1555 Peachtree Street, N.E., Atlanta, GA 30309. In addition to providing sub-advisory services, Invesco, through its subsidiaries, engages in the business of investment management on an international basis. The directors, officers, or partners of Invesco have held, during the past two fiscal years, the following positions of a substantial nature.<br>

---

| | |
|:---|:---|
| Name | Position |
| Gregory McGreevey | Director, Chairman, President and Chief Executive Officer |
| Andrew R. Schlossberg | Director and Sr. Vice President |
| L. Allison Dukes | Director |
| Kevin M. Carome | Director |
| Todd Kuehl | Chief Compliance Officer |
| Annette Lege | Chief Accounting Officer, CFO and Treasurer |
| Mark Gregson | Controller |
| Jeffrey H. Kupor | Senior Vice President and Secretary |
| Crissie M. Wisdom | Anti-Money Laundering Compliance Officer |

---

(11) Jacobs Levy Equity Management, Inc. ("Jacobs Levy") acts as subadviser to the NVIT Multi-Manager Small Company Fund, NVIT Multi-Manager Small Cap Value Fund, NVIT U.S. 130/30 Equity
 Fund, and NVIT Jacobs Levy Large Cap Growth Fund. To the knowledge of the Registrant, the directors and officers of Jacobs Levy have not been engaged in any other business or profession of a substantial nature during the past two fiscal years
 other than in their capacities as a director o--r officer of affiliated entities.

(12) J.P. Morgan Investment Management, Inc. ("JPMIM"), a registered investment adviser, and a wholly owned subsidiary of J. P. Morgan & Co., acts as subadviser to the NVIT J.P. Morgan
 U.S. Equity Fund, NVIT J.P. Morgan Mozaic<sup>SM</sup> Fund, NVIT S&P 500<sup>®</sup> 1-Year Buffer Fund Jan, NVIT S&P 500<sup>®</sup> 1-Year Buffer Fund Feb, NVIT S&P 500<sup>®</sup> 1-Year Buffer Fund Mar, NVIT S&P 500<sup>®</sup>
 1-Year Buffer Fund Apr, NVIT S&P 500<sup>®</sup> 1-Year Buffer Fund May, NVIT S&P 500<sup>®</sup> 1-Year Buffer Fund June, NVIT S&P 500<sup>®</sup> 1-Year Buffer Fund July, NVIT S&P 500<sup>®</sup> 1-Year Buffer Fund Aug, NVIT
 S&P 500<sup>®</sup> 1-Year Buffer Fund Sept, NVIT S&P 500<sup>®</sup> 1-Year Buffer Fund Oct, NVIT S&P 500<sup>®</sup> 1-Year Buffer Fund Nov, NVIT S&P 500<sup>®</sup> 1-Year Buffer Fund Dec, NVIT S&P 500<sup>®</sup>
 5-Year Buffer Fund Q1, NVIT S&P 500<sup>®</sup> 5-Year Buffer Fund Q2, NVIT S&P 500<sup>®</sup> 5-Year Buffer Fund Q3, and NVIT S&P 500<sup>®</sup> 5-Year Buffer Fund Q4. The directors and executive officers of JPMIM have not been
 engaged in any other business or profession of a substantial nature during the past two fiscal years other than in their capacities as a director or officer of JPMIM or its affiliates.

(13) Lazard Asset Management LLC ("Lazard") acts as subadviser to the NVIT International Equity Fund. The directors and officers of Lazard have not been engaged in any other business or
 profession of a substantial nature during the past two fiscal years.

------

(14) Loomis, Sayles & Company, L.P. ("Loomis Sayles") acts as subadviser to a portion of the NVIT Emerging Markets Fund. The address of Loomis Sayles is One Financial Center, Boston, MA
 02111. Loomis Sayles is an investment adviser registered under the Investment Advisers Act of 1940. Except as noted below, the directors and officers of Loomis Sayles have not been engaged in any other business or profession of a substantial
 nature during the past fiscal years, other than in their capacities as a director or officer of affiliated entities.

---

| | | |
|:---|:---|:---|
| Name and Position with Loomis Sayles | Name and Principal Business Address of Other Company | Connection with Other Company |
| Kevin P. Charleston<br> Chairman, Chief Executive Officer, President and Director | Loomis Sayles Funds I<br> 888 Boylston Street, Boston, MA 02199 | Loomis Sayles Funds I<br> 888 Boylston Street, Boston, MA 02199 |
| Kevin P. Charleston<br> Chairman, Chief Executive Officer, President and Director | Loomis Sayles Funds II<br> 888 Boylston Street, Boston, MA<br> 02199 | Trustee |
| Kevin P. Charleston<br> Chairman, Chief Executive Officer, President and Director | Natixis Funds Trust I<br> 888 Boylston Street, Boston, MA 02199 | Trustee |
| Kevin P. Charleston<br> Chairman, Chief Executive Officer, President and Director | Natixis Funds Trust II<br> 888 Boylston Street, Boston, MA 02199 | Trustee |
| Kevin P. Charleston<br> Chairman, Chief Executive Officer, President and Director | Natixis Funds Trust IV<br> 888 Boylston Street, Boston, MA 02199 | Trustee |
| Kevin P. Charleston<br> Chairman, Chief Executive Officer, President and Director | Natixis ETF Trust<br> 888 Boylston Street, Boston, MA 02199 | Trustee |
| Kevin P. Charleston<br> Chairman, Chief Executive Officer, President and Director | Natixis ETF Trust II<br> 888 Boylston Street, Boston, MA 02199 | Trustee |
| Kevin P. Charleston<br> Chairman, Chief Executive Officer, President and Director | Gateway Trust<br> 888 Boylston Street, Boston, MA 02199 | Trustee |
| Kevin P. Charleston<br> Chairman, Chief Executive Officer, President and Director | Loomis Sayles Distributors, Inc.<br> One Financial Center, Boston, MA 02111 | Director |
| Kevin P. Charleston<br> Chairman, Chief Executive Officer, President and Director | Loomis Sayles Investments Limited<br> The Economist Plaza, 25 St. James's Street, London, England SW1A 1 HA | Executive Vice President |
| Kevin P. Charleston<br> Chairman, Chief Executive Officer, President and Director | Loomis Sayles Trust Company, LLC<br> One Financial Center, Boston, MA 02111 | Manager and President |
| Kevin P. Charleston<br> Chairman, Chief Executive Officer, President and Director | Loomis Sayles Investments Asia Pte. Ltd.<br> 10 Collyer Quay #14-06, Ocean Financial Centre, Singapore 049315 | Director |
| Kevin P. Charleston<br> Chairman, Chief Executive Officer, President and Director | Loomis Sayles Operating Services, LLC, One Financial Center, Boston, MA 02111 | Director, Chairman and President |
| Kevin P. Charleston<br> Chairman, Chief Executive Officer, President and Director | NIM-os, LLC One Financial Center, Boston, MA 02111 | Director, Chairman and President |
| Matthew J. Eagan<br> Executive Vice President and Director | None. | None. |
| Daniel J. Fuss<br> Vice Chairman, Executive Vice President and Director | Loomis Sayles Funds I<br> 888 Boylston Street, Boston, MA 02199 | Executive Vice President (2003 to 2021) |
| Daniel J. Fuss<br> Vice Chairman, Executive Vice President and Director | Loomis Sayles Funds II<br> 888 Boylston Street, Boston, MA 02199 | Executive Vice President (2003 to 2021) |

---

------

---

| | | |
|:---|:---|:---|
| John R. Gidman<br> Executive Vice President, Chief Operating Officer and Director | Loomis Sayles Solutions, LLC<br> One Financial Center, Boston, MA 02111 | President (2003-2020) |
| John R. Gidman<br> Executive Vice President, Chief Operating Officer and Director | Loomis Sayles Operating Services, LLC, One Financial Center, Boston, MA 02111 | Director and Chief Executive Officer |
| John R. Gidman<br> Executive Vice President, Chief Operating Officer and Director | NIM-os, LLC One Financial Center, Boston, MA 02111 | Director and Chief Executive Officer |
| David L. Giunta<br> Director | Natixis Investment Managers<br> 888 Boylston Street, Boston, MA 02199 | President and Chief Executive Officer, US |
| David L. Giunta<br> Director | Natixis Advisors, LLC<br> 888 Boylston Street, Boston, MA 02199 | President and Chief Executive Officer |
| David L. Giunta<br> Director | Compliance, Risk and Internal Control Committee (formerly known as Natixis Distribution Corporation)<br> 888 Boylston Street, Boston, MA 02199 | Chairman, President and Chief Executive Officer |
| David L. Giunta<br> Director | Natixis Distribution, LLC<br> 888 Boylston Street, Boston, MA 02199 | President and Chief Executive Officer |
| David L. Giunta<br> Director | Loomis Sayles Funds I<br> 888 Boylston Street, Boston, MA 02199 | Trustee and Executive Vice President |
| David L. Giunta<br> Director | Loomis Sayles Funds II<br> 888 Boylston Street, Boston, MA 02199 | Trustee, President and Chief Executive Officer |
| David L. Giunta<br> Director | Natixis Funds Trust I<br> 888 Boylston Street, Boston, MA 02199 | Trustee, President and Chief Executive Officer |
| David L. Giunta<br> Director | Natixis Funds Trust II<br> 888 Boylston Street, Boston, MA 02199 | Trustee, President and Chief Executive Officer |
| David L. Giunta<br> Director | Natixis Funds Trust IV<br> 888 Boylston Street, Boston, MA 02199 | Trustee, President and Chief Executive Officer |
| David L. Giunta<br> Director | Natixis ETF Trust<br> 888 Boylston Street, Boston, MA 02199 | Trustee, President and Chief Executive Officer |
| David L. Giunta<br> Director | Natixis ETF Trust II<br> 888 Boylston Street, Boston, MA 02199 | Trustee, President and Chief Executive Officer |
| David L. Giunta<br> Director | Gateway Trust<br> 888 Boylston Street, Boston, MA 02199 | Trustee, President and Chief Executive Officer |
| Aziz V. Hamzaogullari<br> Executive Vice President, Chief Investment Officer of the Growth Equity Strategies and Director | None. | None. |
| Maurice Leger<br> Executive Vice President, Director of Global Institutional Services and Director | Loomis Sayles Trust Company, LLC<br> One Financial Center, Boston, MA 02111 | Manager |
| Jean S. Loewenberg<br> Executive Vice President, General Counsel, Secretary and Director | Loomis Sayles Distributors, Inc.<br> One Financial Center, Boston, MA 02111 | Director |

---

------

---

| | | |
|:---|:---|:---|
| | Loomis Sayles Investments Limited<br> The Economist Plaza, 25 St. James's Street, London, England SW1A 1 HA | General Counsel and Secretary |
| | Loomis Sayles Trust Company, LLC<br> One Financial Center, Boston, MA 02111 | Manager and Secretary |
| | Loomis Sayles Operating Services, LLC, One Financial Center, Boston, MA 02111 | Director and General Counsel |
| | NIM-os, LLC One Financial Center, Boston, MA 02111 | Director and General Counsel |
| Richard G. Raczkowski<br> Executive Vice President and Director | None. | None. |
| John F. Russell,<br> Executive Vice President and Director | None. | None. |
| Susan Sieker<br> Executive Vice President, Chief Financial Officer and Director (2021) | NIM-os, LLC One Financial Center, Boston, MA 02111 | Director |
|  | Loomis Sayles Investments Limited<br> The Economist Plaza, 25 St. James's Street, London, England SW1A 1 HA | Chief Financial Officer |
|  | Loomis Sayles Trust Company, LLC<br> One Financial Center, Boston, MA 02111 | Manager and Chief Financial Officer |
|  | NIM-os, LLC<br> One Financial Center, Boston, MA 02111 | Director |
| Elaine M. Stokes<br> Executive Vice President and Director | None. | None. |
| David L. Waldman<br> Executive Vice President, Deputy Chief Investment Officer (2013-2021), Chief Investment Officer (2021) and Director | None. | None. |

---

(15) Nationwide Asset Management, LLC ("NWAM") acts as subadviser to the NVIT Core Bond Fund, NVIT Short Term Bond Fund, NVIT Government Bond Fund, NVIT Investor Destinations Managed Growth
 Fund, NVIT Investor Destinations Managed Growth & Income Fund, NVIT Blueprint<sup>SM</sup> Managed Growth Fund, NVIT Blueprint<sup>SM</sup> Managed Growth & Income Fund, NVIT Managed American Funds Asset Allocation Fund, NVIT Managed
 American Funds Growth-Income Fund, and NVIT BlackRock Managed Global Allocation Fund. To the knowledge of the Registrant, the directors and officers of NWAM have not been engaged in any other business or profession of a substantial nature
 during the past two fiscal years other than in their capacities as a director or officer of affiliated entities.

(16) Neuberger Berman Investment Advisers LLC ("Neuberger Berman") is a wholly owned subsidiary of Newberger Berman Group LLC. Neuberger Berman serves as sub-adviser to the NVIT Neuberger
 Berman Multi Cap Opportunities Fund. The directors of Neuberger Berman are Bradley Tank, Joseph Amato, Vanessa Rosenthal, Stephen Wright, and Kenneth DeRegt. These individuals have not been engaged in any other business or profession,
 vocation or employment of a substantial nature during the past two fiscal years other than in their capacities as a director of Neuberger Berman or certain of Neuberger Berman's affiliated entities or certain domestic or non-domestic
 investment companies.

(17) Newton Investment Management Ltd. ("Newton") acts as a subadviser to the NVIT BNY Mellon Sustainable U.S. Equity Fund. The directors and officers of Newton have not been engaged in any
 other business or profession of substantial nature during the past two fiscal years. To the best of our knowledge, there are no outside appointments causing substantial conflict. Newton has controls in place so that where outside officers are
 held or intend to be held by individuals, in many cases pre-approval is required. In addition, directors (including non-executive directors) of Newton are required to declare any conflicts of interest in accordance with their director's
 duties.

------

(18) Newton Investment Management North America, LLC ("Newton US") acts as a subadvisor to the NVIT BNY Mellon Dynamic U.S. Core Fund and NVIT BNY Mellon Dynamic U.S. Equity Income Fund. The
 directors and officers of Newton US have not been engaged in any other business or profession of substantial nature during the past two fiscal years.

(19) NS Partners Ltd ("NS Partners") acts as subadviser to the NVIT NS Partners International Focused Growth Fund and a portion of the NVIT Emerging Markets Fund. To the knowledge of the
 Registrant, the directors and officers of NS Partners have not been engaged in any other business or profession of a substantial nature during the past two fiscal years other than in their capacities as a director or officer of affiliated`
 entities.

(20) Thompson, Siegel & Walmsley LLC ("TSW") acts as subadviser to the NVIT Multi-Manager Mid Cap Value Fund. To the knowledge of the Registrant, the directors and officers of TSW have
 not been engaged in any other business or profession of a substantial nature during the past two fiscal years other than in their capacities as a director or officer of affiliated entities.

(21) WCM Investment Management, LLC ("WCM") acts as subadviser to the NVIT Multi-Manager Small Cap Value Fund. To the knowledge of the Registrant, the directors and officers of WCM have not
 been engaged in any other business or profession of a substantial nature during the past two fiscal years.

(22) Wellington Management Company LLP ("Wellington Management") acts as subadviser to the NVIT Multi-Manager Small Cap Growth Fund and NVIT Real Estate Fund. Wellington Management is an
 investment adviser registered under the Investment Advisers Act of 1940. During the last two fiscal years, no partner of Wellington Management has engaged in any other business, profession, vocation or employment of a substantial nature other
 than that of the business of investment management.

(23) Allspring Global Investments, LLC ("Allspring") acts as subadviser to the NVIT Allspring Discovery Fund (formerly, NVIT Wells Fargo Discovery Fund). To the knowledge of the Registrant,
 no director, officer, or partner of Allspring has engaged in any other business, profession, vocation or employment of a substantial nature in the capacity as director, officer, employee, partner or trustee outside of Allspring.

(24) Insight North America LLC, a subsidiary of the Bank of New York Mellon Corporation, acts as a subadvisor to the NVIT BNY Mellon Core Plus Bond Fund. The directors and officers of
 Insight have not been engaged in any other business or profession of substantial nature during the past two fiscal years.

(25) Victory Capital Management Inc. ("Victory Capital") acts as a subadviser to a portion of the NVIT Multi-Manager Mid Cap Value Fund. Victory Capital is an investment adviser registered
 under the Investment Advisers Act of 1940. To the knowledge of the Registrant, the directors and officers of Victory Capital have not been engaged in any other business or profession of a substantial nature during the past two fiscal years
 other than in their capacities as a director or officer of affiliated entities.

#### ITEM 32. PRINCIPAL UNDERWRITERS
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) NFD, the principal underwriter of the Trust, also acts as principal underwriter for Nationwide Mutual Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Herewith is the information required by the following table with respect to each director, officer or partner of NFD. The address for the persons listed below is One
 Nationwide Plaza, Columbus, Ohio 43215.

------

---

| | | |
|:---|:---|:---|
| Name: | Position with NFD: | Position with Registrant: |
| Holly A. Butson | Chief Compliance Officer | N/A |
| Lee T. Cummings | Chairman, Director and President | President, Chief Executive Officer and Principal Executive Officer, Senior Vice President and Head of Fund Operations |
| Ewan T. Roswell | Associate Vice President and Assistant Treasurer | N/A |
| Denise L. Skingle | Senior Vice President and Secretary | N/A |
| Jennifer L. Monnin | Chief Marketing Officer | N/A |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Not applicable.

#### <br>

#### ITEM 33. LOCATION OF ACCOUNTS AND RECORDS
J.P. Morgan Investor Services Co.<br> 1 Beacon Street<br> Boston, MA 02108-3002

Nationwide Variable Insurance Trust<br> One Nationwide Plaza<br> Columbus, Ohio 43215

#### ITEM 34. MANAGEMENT SERVICES
Not applicable.

#### ITEM 35. UNDERTAKINGS
Not applicable.

------

SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, as amended, the Registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Columbus, and State of Ohio, on this 3<sup>rd</sup> day of January, 2023.

---

| | |
|:---|:---|
|  | NATIONWIDE VARIABLE INSURANCE TRUST |
| BY: | <u>/s/Allan J. Oster</u> |
|  | Allan J. Oster, Attorney-In-Fact for Registrant |

---

## Ex-99

EX-28.d.3.h.ii

#### EXHIBIT A

#### SUBADVISORY AGREEMENT

#### AMONG

#### NATIONWIDE VARIABLE INSURANCE TRUST,

#### NATIONWIDE FUND ADVISORS

#### AND LAZARD ASSET MANAGEMENT LLC

Effective December 10, 2015

*As amended January 1, 2023\**

---

| | |
|:---|:---|
| **Funds of the Trust** | **Subadvisory Fees** |
| NVIT International Equity Fund | 0.35% on Subadviser Assets up to $50 million; and<br> 0.30% on Subadviser Assets of $50 million or more |

---

\*As approved at the Board of Trustees Meeting held on December 6-7, 2022.

[The remainder of this page is intentionally left blank.]

------

IN WITNESS WHEREOF, the parties hereto have executed this Exhibit A on the effective date set forth above.

TRUST

NATIONWIDE VARIABLE INSURANCE TRUST

By:<u>/s/ Christopher Graham</u>

Name: Christopher Graham

Title: VP, Chief Investment Officer

ADVISER

NATIONWIDE FUND ADVISORS

By:<u>/s/ Christopher Graham</u>

Name: Christopher Graham

Title: VP, Chief Investment Officer

SUBADVISER

LAZARD ASSET MANAGEMENT LLC

By: <u>/s/ Nathan Paul</u>

Name: Nathan Paul

Title: Chief Business Officer

## Ex-99

EX-28.h.3.a

#### <br>

#### EXHIBIT A

#### to the Expense Limitation Agreement between

#### NATIONWIDE VARIABLE INSURANCE TRUST

#### and

#### NATIONWIDE FUND ADVISORS

Effective May 1, 2007

*Amended as of January 1, 2023\**†

---

| | | | |
|:---|:---|:---|:---|
| **<u>Name of Fund</u>** | **<u>Expense Limitation</u>**<br>  **<u>for Fund</u>** | **<u>Expense Limitation</u>**<br>  **<u>for Fund</u>** | **<u>Expenses Excluded for Purposes of "Fund Operating Expenses" in Section 1.1</u>** |
| NVIT S&P 500 Index Fund<br>| Class I<br> Class II<br> Class IV<br> Class Y | 0.21%<br> 0.21%<br> 0.21%<br> 0.21%<br>| See (1) Below |
| NVIT Small Cap Index Fund | Class II<br> Class Y<br>| 0.28%<br> 0.28%<br>| See (1) Below |
| NVIT Mid Cap Index Fund | Class I<br> Class II<br> Class Y | 0.30%<br> 0.30%<br> 0.30%<br>| See (1) Below |
| NVIT International Index Fund | Class I<br> Class II<br> Class VIII<br> Class Y<br>| 0.34%<br> 0.34%<br> 0.34%<br> 0.34%<br>| See (1) Below |
| NVIT Bond Index Fund | Class I<br> Class II<br> Class Y<br>| 0.29%<br> 0.29%<br> 0.29%<br>| See (1) Below |
| NVIT Emerging Markets Fund | Class I<br> Class II<br> Class D<br> Class Y<br>| 1.20%<br> 1.20%<br> 1.20%<br> 1.20% | See (2) Below |
| NVIT Jacobs Levy Large Cap Growth Fund | Class I<br> Class II<br>| 0.66%<br> 0.66%<br>| See (2) Below |

---

------

---

| | | |
|:---|:---|:---|
| **<u>Name of Fund</u>** | **<u>Expense Limitation</u>**<br>  **<u>for Fund</u>** | **<u>Expenses Excluded for Purposes of "Fund Operating Expenses" in Section 1.1</u>** |

---

---

| | | | |
|:---|:---|:---|:---|
| NVIT Allspring Discovery Fund | Class I<br> Class II<br>| 0.78%<br> 0.78%<br>| See (2) Below |
| NVIT NS Partners International Focused Growth Fund | Class I<br> Class II<br>| 0.88%<br> 0.88% | See (2) Below |
| NVIT BNY Mellon Core Plus Bond Fund<br>| Class I<br> Class II<br> Class Y<br> Class P | 0.55%<br> 0.55%<br> 0.55%<br> 0.55%<br>| See (2) Below |
| NVIT Federated High Income Bond Fund | Class I<br>| 0.76%<br>| See (2) Below<br>|
| NVIT Calvert Equity Fund | Class I<br> Class II<br> Class Y<br>| 0.78%<br> 0.78%<br> 0.78% | See (2) Below |
| NVIT Blueprint Conservative Fund | Class I<br> Class II<br>| 0.25%<br> 0.25% | See (2) Below |
| NVIT Blueprint Moderately Conservative Fund | Class I<br> Class II<br>| 0.25%<br> 0.25% | See (2) Below |
| NVIT Blueprint Balanced Fund | Class I<br> Class II<br>| 0.25%<br> 0.25% | See (2) Below |
| NVIT Blueprint Moderate Fund | Class I<br> Class II<br>| 0.25%<br> 0.25% | See (2) Below |
| NVIT Blueprint Capital Appreciation Fund | Class I<br> Class II | 0.25%<br> 0.25%<br>| See (2) Below |
| NVIT Blueprint Moderately Aggressive Fund | Class I<br> Class II | 0.25%<br> 0.25%<br>| See (2) Below |
| NVIT Blueprint Aggressive Fund | Class I<br> Class II | 0.28%<br> 0.28% | See (2) Below |
| NVIT Multi-Manager Mid Cap Value Fund<br>| Class I<br> Class II<br>| 0.79%<br> 0.79% | See (2) Below |

---

------

---

| | | |
|:---|:---|:---|
| **<u>Name of Fund</u>** | **<u>Expense Limitation</u>**<br>  **<u>for Fund</u>** | **<u>Expenses Excluded for Purposes of "Fund Operating Expenses" in Section 1.1</u>** |

---

---

| | | | |
|:---|:---|:---|:---|
| NVIT BNY Mellon Dynamic U.S. Core Fund | Class I<br> Class II<br> Class Y<br> Class P<br>| 0.65%<br> 0.90%<br> 0.50%<br> 0.75% |  |
| NVIT BNY Mellon Dynamic U.S. Equity Income Fund | Class I<br> Class II<br> Class X<br> Class Y<br> Class Z | 0.92%<br> 1.09%<br> 0.79%<br> 0.67%<br> 1.04% |  |
| NVIT Columbia Overseas Value Fund | Class I<br> Class II<br> Class X<br> Class Y<br> Class Z | 0.87%<br> 0.87%<br> 0.87%<br> 0.87%<br> 0.87% | See (2) Below |
| NVIT Investor Destinations Capital Appreciation Fund | Class II<br> Class P<br> Class Z<br>| 0.28%<br> 0.28%<br> 0.28% | See (2) Below |
| NVIT Investor Destinations Balanced Fund | Class II<br> Class P<br>| 0.28%<br> 0.28% | See (2) Below |
| NVIT Amundi Multi Sector Bond Fund | Class I<br>| 0.78%<br>| See (2) Below |
| NVIT Multi-Manager Small Cap Growth Fund | Class I<br> Class II<br>| 0.94%<br> 0.94% | See (2) Below |
| NVIT Blueprint Managed Growth Fund | Class I<br> Class II<br>| 0.07%<br> 0.07% | See (2) Below |
| NVIT Blueprint Managed Growth & Income Fund | Class I<br> Class II<br>| 0.10%<br> 0.10% | See (2) Below |
| NVIT Investor Destinations Managed Growth Fund | Class I<br> Class II | 0.16%<br> 0.16% | See (2) Below |
| NVIT Investor Destinations Managed Growth & Income Fund | Class I<br> Class II | 0.15%<br> 0.15% | See (2) Below |
| NVIT Managed American Funds Asset Allocation Fund | Class II<br> Class Z | 0.23%<br> 0.23% | See (2) Below |

---

------

---

| | | |
|:---|:---|:---|
| **<u>Name of Fund</u>** | **<u>Expense Limitation</u>**<br>  **<u>for Fund</u>** | **<u>Expenses Excluded for Purposes of "Fund Operating Expenses" in Section 1.1</u>** |

---

---

| | | | |
|:---|:---|:---|:---|
| NVIT Managed American Funds Growth-Income Fund | Class II | 0.22% | See (2) Below |
| NVIT BlackRock Equity Dividend Fund | Class I<br> Class II<br> Class IV<br> Class Y | 0.65%<br> 0.65%<br> 0.65%<br> 0.65%<br>| See (2) Below |
| NVIT DoubleLine Total Return Tactical Fund | Class I<br> Class II<br> Class Y<br>| 0.58%<br> 0.58%<br> 0.58% | See (2) Below |
| NVIT iShares<sup>®</sup> Fixed Income ETF Fund | Class II<br> Class Y<br>| 0.17%<br> 0.17% | See (2) Below |
| NVIT iShares<sup>®</sup> Global Equity ETF Fund | Class II<br> Class Y<br>| 0.17%<br> 0.17% | See (2) Below |
| NVIT J.P. Morgan Mozaic<sup>SM</sup> Multi-Asset Fund | Class II<br> Class Y<br>| 0.43%<br> 0.43% | See (2) Below |
| NVIT J.P. Morgan U.S. Equity Fund | Class II<br> Class Y | 0.44%<br> 0.44% | See (2) Below |
| NVIT Multi-Manager Small Cap Value Fund | Class I<br> Class II<br> Class IV<br>| 0.91%<br> 0.91%<br> 0.91% | See (2) Below |
| NVIT S&P 500<sup>®</sup> 1-Year Buffer Fund Jan<br>| Class I<br> Class II<br> Class Y | 0.49%<br> 0.49%<br> 0.49% | See (2) Below |
| NVIT S&P 500<sup>®</sup> 1-Year Buffer Fund Feb<br>| Class I<br> Class II<br> Class Y | 0.49%<br> 0.49%<br> 0.49% | See (2) Below |
| NVIT S&P 500<sup>®</sup> 1-Year Buffer Fund Mar<br>| Class I<br> Class II<br> Class Y | 0.49%<br> 0.49%<br> 0.49% | See (2) Below |
| NVIT S&P 500<sup>®</sup> 1-Year Buffer Fund Apr<br>| Class I<br> Class II<br> Class Y | 0.49%<br> 0.49%<br> 0.49% | See (2) Below |
| NVIT S&P 500<sup>®</sup> 1-Year Buffer Fund May<br>| Class I<br> Class II<br> Class Y | 0.49%<br> 0.49%<br> 0.49% | See (2) Below |
| NVIT S&P 500<sup>®</sup> 1-Year Buffer Fund June<br>| Class I<br> Class II<br> Class Y | 0.49%<br> 0.49%<br> 0.49% | See (2) Below |

---

------

---

| | | |
|:---|:---|:---|
| **<u>Name of Fund</u>** | **<u>Expense Limitation</u>**<br>  **<u>for Fund</u>** | **<u>Expenses Excluded for Purposes of "Fund Operating Expenses" in Section 1.1</u>** |

---

---

| | | | |
|:---|:---|:---|:---|
| NVIT S&P 500<sup>®</sup> 1-Year Buffer Fund July<br>| Class I<br> Class II<br> Class Y | 0.49%<br> 0.49%<br> 0.49% | See (2) Below |
| NVIT S&P 500<sup>®</sup> 1-Year Buffer Fund Aug<br>| Class I<br> Class II<br> Class Y | 0.49%<br> 0.49%<br> 0.49% | See (2) Below |
| NVIT S&P 500<sup>®</sup> 1-Year Buffer Fund Sept<br>| Class I<br> Class II<br> Class Y | 0.49%<br> 0.49%<br> 0.49% | See (2) Below |
| NVIT S&P 500<sup>®</sup> 1-Year Buffer Fund Oct<br>| Class I<br> Class II<br> Class Y | 0.49%<br> 0.49%<br> 0.49% | See (2) Below |
| NVIT S&P 500<sup>®</sup> 1-Year Buffer Fund Nov<br>| Class I<br> Class II<br> Class Y | 0.49%<br> 0.49%<br> 0.49% | See (2) Below |
| NVIT S&P 500<sup>®</sup> 1-Year Buffer Fund Dec<br>| Class I<br> Class II<br> Class Y | 0.49%<br> 0.49%<br> 0.49% | See (2) Below |
| NVIT S&P 500<sup>®</sup> 5-Year Buffer Fund Q1<br>| Class I<br> Class II<br> Class Y | 0.49%<br> 0.49%<br> 0.49% | See (2) Below |
| NVIT S&P 500<sup>®</sup> 5-Year Buffer Fund Q2<br>| Class I<br> Class II<br> Class Y | 0.49%<br> 0.49%<br> 0.49% | See (2) Below |
| NVIT S&P 500<sup>®</sup> 5-Year Buffer Fund Q3<br>| Class I<br> Class II<br> Class Y | 0.49%<br> 0.49%<br> 0.49% | See (2) Below |
| NVIT S&P 500<sup>®</sup> 5-Year Buffer Fund Q4<br>| Class I<br> Class II<br> Class Y | 0.49%<br> 0.49%<br> 0.49% | See (2) Below |
| NVIT J.P. Morgan Digital Evolution Strategy Fund | Class Y | 0.62% | See (2) Below |
| NVIT J.P. Morgan Innovators Fund | Class Y | 0.62% | See (2) Below |
| NVIT J.P. Morgan Large Cap Growth Fund | Class Y | 0.62% | See (2) Below |
| NVIT J.P. Morgan US Technology Leaders Fund | Class Y | 0.62% | See (2) Below |
| NVIT International Equity Fund | Class I | 0.83% | See (2) Below |
|  | Class II | 0.83% | See (2) Below |
|  | Class Y | 0.83% | See (2) Below |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Interest, taxes, brokerage commissions, Rule 12b-1 fees, fees paid pursuant to an Administrative Services Plan, short sale dividend expenses, and other expenditures which are capitalized in accordance with generally accepted accounting
 principles and other extraordinary<sup>1</sup> expenses not incurred in the ordinary course of the Fund's business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Interest, taxes, brokerage commissions and other costs incurred in connection with the purchase and sale of portfolio securities, acquired fund fees and expenses, Rule 12b-1 fees, fees paid pursuant to an Administrative Services Plan,
 short sale dividend expenses, other expenditures which are capitalized in accordance with generally accepted accounting principles, expenses incurred by the Fund in connection with any merger or reorganization and other non-routine expenses
 not incurred in the ordinary course of the Fund's business.

<sup>1</sup> non-routine

*\*As approved at the Board of Trustees Meeting held on December 6-7, 2022.*

†Effective through April 30, 2024.

------

IN WITNESS WHEREOF, the parties have caused this Amended Exhibit A to be signed by their respective officers thereunto duly authorized and their respective corporate seals to be hereunto affixed, as of the day and year first above written.

NATIONWIDE VARIABLE INSURANCE TRUST

By:_<u>/s/ Lee T. Cummings</u>______

Name: Lee T. Cummings

Title: President

NATIONWIDE FUND ADVISORS

By:__<u>/s/ Lee T. Cummings</u>_______

Name: Lee T. Cummings

Title: Senior Vice President

## Ex-99

EX-28.h.22

#### AMENDED AND RESTATED FEE WAIVER AGREEMENT

THIS AMENDED AND RESTATED FEE WAIVER AGREEMENT (the "Agreement"), effective as of January 1, 2023, by and between NATIONWIDE FUND ADVISORS ("NFA") and NATIONWIDE VARIABLE INSURANCE TRUST, a Delaware statutory trust (the "Trust"), on behalf of the following series (each, a "Fund," and collectively, the "Funds"):

---

| | |
|:---|:---|
| **NVIT Allspring Discovery Fund** *(formerly, NVIT Wells* <br>*Fargo Discovery Fund)*  | **NVIT Jacobs Levy Large Cap Core Fund** *(formerly, NVIT* <br> *Neuberger Berman Multi Cap Opportunities Fund)* |
| **NVIT BNY Mellon Core Plus Bond Fund** *(formerly, NVIT <br> Core Plus Bond Fund)* | ***NVIT Loomis Short Term Bond Fund***<br> *(formerly, NVIT Short Term Bond Fund)*<br>|
| **NVIT BNY Mellon Dynamic U.S. Core Fund** *(formerly, NVIT* <br>| **NVIT Multi-Manager Mid Cap Value Fund**  |
|  *Mellon Dynamic* U.S. Core Fund)* | **NVIT Multi-Manager Small Company Fund** |
|  **NVIT Calvert Equity Fund** *(formerly, NVIT BNY Mellon* <br> *Sustainable U.S. Equity Fund)* | **NVIT NS Partners International Focused Growth Fund** <br> ***(formerly, NVIT AllianzGl International Growth Fund)***  |
| **NVIT Emerging Markets Fund** | **NVIT Real Estate Fund** |
| **NVIT Government Bond Fund** | **<br>|

---

WHEREAS, the Trust is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management company of the series type, and each Fund is a separate series of the Trust;

WHEREAS, NFA serves as investment adviser to the Trust, including the Funds, pursuant to an investment advisory agreement, dated May 1, 2007, between NFA and the Trust, under which the Trust pays fees to NFA as specified therein ("Advisory Fees"); and

WHEREAS, in order to share with the Funds certain financial savings to NFA resulting from reductions in rates that NFA must pay to subadvisers with respect to the Funds, NFA previously has agreed to waive Advisory Fees equal to the amounts shown as "Savings Waivers" in Section 1.1 below, and desires to continue to waive the amounts equal to the Savings Waivers until such time as the Trust and NFA may agree.

NOW, THEREFORE, the parties hereto agree as follows:

1. <u>Fee Waiver Amount</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 Until such time as this Agreement is terminated in accordance with Section 2.1 below, NFA agrees to waive Advisory Fees in respect of the following Funds, equal to the amounts shown as Savings Waivers in the table below, calculated monthly based on each Fund's average daily net assets.

---

| | |
|:---|:---|
| **<u>Name of Fund</u>** | **<u>Savings Waivers</u>** |
| NVIT Allspring Discovery Fund | 0.029% |
| NVIT BNY Mellon Core Plus Bond Fund | 0.0111% |
| NVIT BNY Mellon Dynamic U.S. Core Fund | 0.038% |
| NVIT Calvert Equity Fund | 0.05% |
| NVIT Emerging Markets Fund | 0.0873% |
| NVIT Government Bond Fund | 0.015% |
| NVIT Jacobs Levy Large Cap Core Fund *(effective February 21, 2023)* | 0.055% |
| NVIT Loomis Short Term Bond Fund *(effective March 20, 2023)* | 0.00837% |
| NVIT Multi-Manager Mid Cap Value Fund | 0.0303% |
| NVIT Multi-Manager Small Company Fund | 0.023% |
| NVIT NS Partners International Focused Growth Fund | 0.058% |
| NVIT Real Estate Fund | 0.013% |

---

------

1.2 NFA shall waive all Savings Waivers after first giving effect to any expense limitations that may apply.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 NFA acknowledges that it shall not be entitled to collect on, or make a claim for, Advisory Fees waived hereunder at any time in the future.

2. <u>Term and Termination of Agreement</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 This Agreement supersedes and replaces a previous Amended and Restated Fee Waiver Agreement among the parties hereto, dated December 8, 2021. This Agreement shall continue in effect until April 30, 2024 and shall renew automatically for successive one-year terms unless otherwise terminated by agreement of the Trust.

3. <u>Miscellaneous</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 <u>Captions</u>. The captions in this Agreement are included for convenience of reference only and in no other way define or delineate any of the provisions hereof or otherwise affect their construction or effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 <u>Interpretation</u>. Nothing herein contained shall be deemed to require the Trust or a Fund to take any action contrary to the Trust's Agreement and Declaration of Trust or By-Laws, or any applicable statutory or regulatory requirement to which the Trust or a Fund is subject or by which the Trust or a Fund is bound, or to relieve or deprive the Trust's Board of Trustees of the Board's responsibility for and control of the conduct of the affairs of the Trust or the Funds.

IN WITNESS WHEREOF, the parties have caused this Agreement to be signed by their respective officers thereunto duly authorized as of the day and year first above written.

NATIONWIDE VARIABLE INSURANCE TRUST

By:__<u>/s/ Lee T. Cummings</u>_______

Name: Lee T. Cummings

Title: President

NATIONWIDE FUND ADVISORS

By:_<u>/s/ Lee T. Cummings</u>_________

Name: Lee T. Cummings

Title: Senior Vice President

<br>