M&A - Nationwide Variable Account-15

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000119312525011074

Filing Summary: On January 23, 2025, a supplement to the statutory prospectuses for the Nationwide Advisory Retirement Income Annuity was released. The supplement details updates from meetings of the Board of Trustees of the Nationwide Variable Insurance Trust. Key updates include the termination of Columbia Management Investment Advisor, LLC as the subadviser for the NVIT Columbia Overseas Value Fund, with Putnam Investment Management, LLC taking over. This change is set to take effect around January 31, 2025. Additionally, the Board approved a merger between the NVIT BNY Mellon Core Plus Bond Fund: Class Y and the NVIT Core Bond Fund: Class Y, with the merger effective around February 28, 2025. Post-merger, the Target Fund will cease to accept transfers and new purchase payments, and will transfer its assets to the Acquiring Fund while assuming all liabilities. The prospectus has been amended to reflect these changes, including updates on the investment advisors and current expenses.

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000119312525011102

Filing Summary: This document serves as a supplement to the statutory prospectuses for the Nationwide Advisory Retirement Income Annuity and Nationwide Advisory Retirement Income Annuity - New York, updating key provisions. Notably, it details the termination of Columbia Management Investment Advisor, LLC as the subadviser for the NVIT Columbia Overseas Value Fund and the appointment of Putnam Investment Management, LLC effective January 31, 2025. Furthermore, it outlines the merger approval of the NVIT BNY Mellon Core Plus Bond Fund: Class Y into the NVIT Loomis Core Bond Fund: Class Y, effective on or about February 28, 2025. Changes due to this merger include ceasing to accept new purchases or transfers to the Target Fund and transferring its assets to the Acquiring Fund. The document also highlights the termination of NS Partners Ltd as subadviser for the NVIT Emerging Markets Fund, with the appointment of FIAM LLC taking effect around March 3, 2025, updating the relevant statutory prospectus accordingly.

Form Type: 497VPI

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000119312525011169

Filing Summary: On January 23, 2025, the Nationwide Variable Insurance Trust provided a supplement to the initial summary prospectuses. The supplement details significant changes approved by the Board of Trustees, including the termination of Columbia Management Investment Advisor, LLC as the subadviser for the NVIT Columbia Overseas Value Fund and the appointment of Putnam Investment Management, LLC to this role, effective January 31, 2025. It also outlines a merger between the NVIT BNY Mellon Core Plus Bond Fund (Target Fund) and the NVIT Core Bond Fund (Acquiring Fund), which will become effective on or about February 28, 2025. Post-merger, the Target Fund will no longer accept transfers or new purchases, and will transfer its assets to the Acquiring Fund, which will assume all of its liabilities. Additionally, changes regarding other funds' subadvisers were noted, with NS Partners Ltd being replaced by FIAM LLC for the NVIT Emerging Markets Fund.

Form Type: 497VPI

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000119312525011170

Filing Summary: This document is a supplement dated January 23, 2025, to the initial summary prospectus for the Nationwide Advisory Retirement Income Annuity and the Nationwide Advisory Retirement Income Annuity - New York dated May 1, 2024. It updates certain information, including the termination of Columbia Management Investment Advisor, LLC as subadviser to the NVIT Columbia Overseas Value Fund, replaced by Putnam Investment Management, LLC, effective January 31, 2025. Additionally, the Board of Trustees approved the merger of the NVIT BNY Mellon Core Plus Bond Fund: Class Y (Target Fund) with the NVIT Core Bond Fund: Class Y (Acquiring Fund) effective February 28, 2025. The Target Fund will transfer its assets to the Acquiring Fund, which will assume its liabilities. Lastly, the document notes the termination of NS Partners Ltd as subadviser to the NVIT Emerging Markets Fund, replaced by FIAM LLC effective March 3, 2025.