M&A - Jefferson National Life of New York Annuity Account 1

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000119312525011078

Filing Summary: This document serves as a supplement dated January 23, 2025, to the statutory prospectus of Monument Advisor and related funds. It updates the Board's approvals regarding changes in subadvisers and the merger of two funds. As of January 31, 2025, Putnam Investment Management, LLC will replace Columbia Management Investment Advisor, LLC as the subadviser for the NVIT Columbia Overseas Value Fund. Furthermore, a merger is scheduled for February 28, 2025, where the NVIT BNY Mellon Core Plus Bond Fund: Class Y will merge with the NVIT Core Bond Fund: Class Y, which will be renamed the NVIT Loomis Core Bond Fund. The Target Fund will cease to accept transfers or new investments. Additionally, on March 3, 2025, FIAM LLC will take over as the subadviser for the NVIT Emerging Markets Fund, replacing NS Partners Ltd. These changes reflect the Board's strategy to enhance fund management and operational efficiency.

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Form Type: 497VPI

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000119312525011159

Filing Summary: The document is a supplement to the summary prospectus for Monument Advisor NY. It details changes approved by the Board of Trustees of Nationwide Variable Insurance Trust regarding the NVIT Columbia Overseas Value Fund, where Columbia Management Investment Advisor, LLC is replaced by Putnam Investment Management, LLC as subadviser. This change takes effect on January 31, 2025. Additionally, it mentions the merger of the NVIT BNY Mellon Core Plus Bond Fund with the NVIT Core Bond Fund, effective on February 28, 2025, wherein the assets of the Target Fund will be transferred to the Acquiring Fund, which will also assume its liabilities. Furthermore, it outlines the termination of NS Partners Ltd as subadviser to the NVIT Emerging Markets Fund, to be replaced by FIAM LLC, effective March 3, 2025.

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Form Type: 497VPI

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000119312525011168

Filing Summary: The supplement updates certain information contained in the initial summary prospectus dated May 1, 2024, for Monument Advisor Select NY. At the December 11, 2024 board meeting, the termination of Columbia Management Investment Advisor, LLC as subadviser to the NVIT Columbia Overseas Value Fund was approved, with Putnam Investment Management, LLC appointed as the new subadviser, effective on or about January 31, 2025. The initial summary prospectus will reflect this change. Additionally, the board approved the merger of the NVIT BNY Mellon Core Plus Bond Fund into the NVIT Core Bond Fund, which will be renamed NVIT Loomis Core Bond Fund, effective on or about February 28, 2025. As part of this merger, the Target Fund will no longer be available for transfers or new purchases and will transfer its assets to the Acquiring Fund, which will also assume its liabilities. References to the Target Fund in the prospectus will be updated to reflect the new Acquiring Fund. Furthermore, at the same board meeting, the termination of NS Partners Ltd as subadviser to the NVIT Emerging Markets Fund was also approved, with FIAM LLC appointed as the new subadviser, effective on or about March 3, 2025. The prospectus will be amended accordingly to reflect these changes and the updated names of the investment options and subadvisers.

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