NATIONWIDE VARIABLE INSURANCE TRUST
NVIT Blueprint® Aggressive Fund
NVIT Investor Destinations Aggressive Fund
NVIT Blueprint® Moderately Aggressive Fund
NVIT Investor Destinations Moderately Aggressive Fund
NVIT Blueprint® Capital Appreciation Fund
NVIT Investor Destinations Capital Appreciation Fund
NVIT Blueprint® Moderate Fund
NVIT Investor Destinations Moderate Fund
NVIT Blueprint® Balanced Fund
NVIT Investor Destinations Balanced Fund
NVIT Blueprint® Moderately Conservative Fund
NVIT Investor Destinations Moderately Conservative Fund
NVIT Blueprint® Conservative Fund
NVIT Investor Destinations Conservative Fund

Supplement dated July 1, 2025
to the Statement of Additional Information (“SAI”) dated April 30, 2025

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


1.
On June 10, 2025, the Board of Trustees of Nationwide Variable Insurance Trust (the “Trust”) approved the nomination of Tracy Bollin (the “New Trustee”) to serve as a Trustee of the Trust. His term commenced on July 1, 2025. The New Trustee is not considered to be an “interested person” of the Trust as defined in the Investment Company Act of 1940, as amended.

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


 a.
The following supplements the table under the heading “Independent Trustees” beginning on page 55 of the SAI:

Tracy Bollin
Year of Birth
Positions Held with Trust and Length of Time Served1
Number of Portfolios Overseen in the Nationwide Fund Complex
1970
Trustee since July 2025
115
Principal Occupation(s) During the Past Five Years (or Longer)
From 2015 until 2021, Mr. Bollin served as Vice President and CFO of Principal Funds, Managing Director of Fund Operations for Principal Global Investors, and President of Principal Shareholder Services.
Other Directorships held During the Past Five Years2
Board member of On With Life since September 2024.
Experience, Qualifications, Attributes, and Skills for Board Membership
Mr. Bollin has held multiple roles in the financial services industry, including positions in capital markets, finance, operations, and as a board member.


b.
The information under the heading “Committees of the Board” beginning on page 60 of the SAI is modified as follows:


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 currently consists of the following Trustees: Ms. Kosel, Ms. Petersen, Mr. Kridler, Mr. Wezdenko (Chair) and Mr. Bollin, each of whom is not an interested person of the Trust, as defined in the 1940 Act.

 c.
The table under the heading “Ownership of Shares of Nationwide Funds as of December 31, 2024” on page 61 of the SAI is deleted in its entirety and replaced with the following:

Name of Trustee
Dollar Range of Equity Securities and/or Shares in the Funds1
Aggregate Dollar Range of Equity Securities and/or Shares in All Registered Investment Companies Overseen by Trustee in Family of Investment Companies
Independent Trustees
Tracy Bollin2
None
None
Kristina Bradshaw
None
Over $100,000
Lorn C. Davis
None
Over $100,000
Barbara I. Jacobs
None
Over $100,000
Keith F. Karlawish
None
Over $100,000
Carol A. Kosel
None
Over $100,000
Douglas F. Kridler
None
Over $100,000
Charlotte Petersen
None
Over $100,000
David E. Wezdenko
None
Over $100,000

1
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.
2
Mr. Bollin’s term as an Independent Trustee commenced effective July 1, 2025.

d.
The table and accompanying footnotes under the heading “Ownership in the Funds’ Investment Adviser1, Subadvisers2 or Distributor3 as of December 31, 2024” on page 61 of the SAI are deleted in their entirety and replaced with the following:

Name of Trustee
Name of Owners and
Relationships to Trustee
Name of Company
Title of Class
of Security
Value of Securities
Percent of Class
Tracy Bollin4
N/A
N/A
N/A
None
N/A
Kristina Bradshaw
N/A
N/A
N/A
None
N/A
Lorn C. Davis
N/A
N/A
N/A
None
N/A
Barbara I. Jacobs
N/A
N/A
N/A
None
N/A
Keith F. Karlawish
N/A
N/A
N/A
None
N/A
Carol A. Kosel
N/A
N/A
N/A
None
N/A
Douglas F. Kridler
N/A
N/A
N/A
None
N/A
Charlotte Petersen
N/A
N/A
N/A
None
N/A
David E. Wezdenko
N/A
N/A
N/A
None
N/A

1 Nationwide Fund Advisors.

2  As of December 31, 2024, subadvisers to the Trust included: Allspring Global Investments, LLC; Amundi Asset Management US, Inc.; AQR Capital Management, LLC; Atlanta Capital Management Company, LLC; BlackRock Investment Management, LLC; Columbia Management Investment Advisers, LLC; DoubleLine Capital LP; Dreyfus, a division of Mellon Investments Corporation; 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.; Nationwide Asset Management, LLC; Newton Investment Management North America, LLC; NS Partners Ltd; Victory Capital Management Inc.; WCM Investment Management, LLC; and Wellington Management Company LLP.

3 Nationwide Fund Distributors LLC or any company, other than an investment company, that controls a Fund’s adviser or distributor.
 
4 Mr. Bollin’s term as an Independent Trustee commenced effective July 1, 2025.

e.
The table under the heading “Compensation of Trustees” beginning on page 61 of the SAI is deleted in its entirety and replaced with the following:

Name of Trustee
Aggregate
Compensation
from the Trust
Pension
Retirement
Benefits Accrued
as Part of Trust
Expenses
Estimated Annual
Benefits Upon
Retirement
Total Compensation
from the Fund
Complex1
Tracy Bollin2
$0
N/A
N/A
$0
Kristina Bradshaw
284,688
N/A
N/A
385,000
Lorn C. Davis
284,688
N/A
N/A
385,000
Barbara I. Jacobs
295,777
N/A
N/A
400,000
Keith F. Karlawish
366,007
N/A
N/A
495,000
Carol A. Kosel
296,439
N/A
N/A
401,000
Douglas F. Kridler
310,566
N/A
N/A
420,000
Charlotte Petersen
284,721
N/A
N/A
385,000
David E. Wezdenko
295,777
N/A
N/A
400,000

1 As of December 31, 2024, the Fund Complex included two trusts comprised of 115 investment company funds or series.
 
2 Mr. Bollin’s term as an Independent Trustee commenced effective July 1, 2025.



PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE