NATIONWIDE VARIABLE INSURANCE TRUST
| NVIT Allspring Discovery Fund (formerly, NVIT Wells Fargo Discovery Fund) NVIT Amundi Multi Sector Bond Fund NVIT AQR Large Cap Defensive Style Fund NVIT BlackRock Equity Dividend Fund NVIT BNY Mellon Core Plus Bond Fund (formerly, NVIT Core Plus Bond Fund) NVIT BNY Mellon Dynamic U.S. Core Fund (formerly, NVIT Mellon Dynamic U.S. Core Fund) NVIT BNY Mellon Dynamic U.S. Equity Income Fund (formerly, NVIT Mellon Dynamic U.S. Equity Income Fund) NVIT BNY Mellon Sustainable U.S. Equity Fund (formerly, NVIT Newton Sustainable U.S. Equity Fund) NVIT Bond Index Fund NVIT Columbia Overseas Value Fund NVIT Core Bond Fund NVIT DoubleLine Total Return Tactical Fund |
NVIT Emerging Markets Fund NVIT Federated High Income Bond Fund NVIT Government Bond Fund NVIT Government Money Market Fund NVIT International Equity Fund NVIT International Index Fund NVIT Jacobs Levy Large Cap Growth Fund NVIT Mid Cap Index Fund NVIT Multi-Manager Mid Cap Value Fund NVIT Multi-Manager Small Cap Growth Fund NVIT Multi-Manager Small Cap Value Fund NVIT Multi-Manager Small Company Fund NVIT Neuberger Berman Multi Cap Opportunities Fund NVIT NS Partners International Focused Growth Fund (formerly, NVIT AllianzGI International Growth Fund) NVIT Real Estate Fund NVIT S&P 500 Index Fund NVIT Short Term Bond Fund NVIT Small Cap Index Fund |
Supplement dated December 8, 2022
to the Statement of Additional Information (“SAI”) dated May 2, 2022
Capitalized terms and certain other terms used in this supplement, unless otherwise defined in this supplement, have the meanings assigned to them in the SAI.
NVIT International Equity Fund
Effective January 1, 2023, the SAI is amended as follows:
| 1. | The following supplements the list of Funds subject to an expense limitation under the heading “Investment Advisory and Other Services – Limitation of Fund Expenses” on page 71 of the SAI: |
NVIT International Equity Fund to 0.83% until April 30, 2024
| 2. | The NVIT International Equity Fund is hereby deleted from the table of Funds waiving advisory fees under the heading “Investment Advisory and Other Services – Limitation of Fund Expenses” beginning on page 71 of the SAI. |
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE