M&A - NATIONWIDE VARIABLE INSURANCE TRUST

Form Type: N-14

Filing Date: 2025-06-20

Corporate Action: Merger

Type: New

Accession Number: 000168035925000496

Filing Summary: NATIONWIDE VARIABLE INSURANCE TRUST has filed a registration statement (Form N-14) related to the reorganization of its NVIT NS Partners International Focused Growth Fund into the NVIT International Equity Fund. This transaction, approved by the Board of Trustees, entails the acquisition by the Acquiring Fund (NVIT International Equity Fund) of all assets of the Target Fund (NVIT NS Partners International Focused Growth Fund) in exchange for shares in the Acquiring Fund. Following the transfer of assets, the Target Fund will be liquidated and dissolved. No additional action from the shareholders of the Target Fund is required. The exchanges are projected to occur on or around October __, 2025, at which point shareholders will automatically receive shares of the Acquiring Fund equivalent in value but with differing share prices. Additional details regarding investment objectives, strategies, risks, and expenses are included to inform shareholders about the implications of this transaction. Overall, this merger aims to align the investment objectives and strategies of the funds while ensuring no dilution of current shareholders’ interests in either fund as assessed by the Board.

Form Type: 497

Filing Date: 2025-06-11

Corporate Action: Merger

Type: Update

Accession Number: 000168035925000439

Filing Summary: On June 10, 2025, the Board of Trustees of Nationwide Variable Insurance Trust unanimously approved a Plan of Reorganization between the NVIT NS Partners International Focused Growth Fund and the NVIT International Equity Fund. This Plan entails the merger of the NS Partners Fund into the International Fund. Shareholders of both funds are not required to approve the Merger, and an information statement will be provided to shareholders of the NS Partners Fund with further details.

Form Type: 497K

Filing Date: 2025-06-11

Corporate Action: Merger

Type: New

Accession Number: 000168035925000453

Filing Summary: On June 10, 2025, the Board of Trustees of Nationwide Variable Insurance Trust, including a majority of the trustees who are not interested persons of the Trust, unanimously approved a Plan of Reorganization involving a merger between the NVIT NS Partners International Focused Growth Fund and the NVIT International Equity Fund. This merger will see the NS Partners Fund merged into the International Fund. Shareholders of both funds are not required to approve the merger, and further details will be provided in an information statement for the NS Partners Fund’s shareholders.

Form Type: 497

Filing Date: 2025-04-01

Corporate Action: Acquisition

Type: Update

Accession Number: 000168035925000217

Filing Summary: The Board of Trustees of Nationwide Variable Insurance Trust approved an amendment to the subadvisory agreement with Victory Capital Management Inc. for the NVIT Amundi Multi Sector Bond Fund due to Victory Capital's acquisition of Amundi Asset Management US, Inc. This acquisition led to a change in control of Amundi, resulting in the termination of its subadvisory agreement with the Trust. The amendment includes changes in the Prospectus such as the replacement of Amundi with Victory Capital as the subadviser, along with updates to the portfolio management team that remains unchanged despite the acquisition. The detailed profiles and responsibilities of the portfolio managers have also been included, noting their tenure and association with Victory Capital and its predecessor firms.

Form Type: 497

Filing Date: 2025-04-01

Corporate Action: Acquisition

Type: Update

Accession Number: 000168035925000219

Filing Summary: On December 11, 2024, the Board of Trustees of Nationwide Variable Insurance Trust approved an amendment to the subadvisory agreement for the NVIT Amundi Multi Sector Bond Fund following the acquisition of Amundi Asset Management US, Inc. by Victory Capital Management Inc. This acquisition resulted in a change of control that terminated Amundi's subadvisory agreement with the Trust. There were no changes to the Fund’s portfolio management team as a result of this acquisition. Relevant updates to the Statement of Additional Information (SAI) include the replacement of Amundi with Victory Capital as the subadviser, deletion of Amundi-related information in various sections, and the transfer of portfolio manager information from Amundi to Victory Capital.

Form Type: 497K

Filing Date: 2025-04-01

Corporate Action: Acquisition

Type: Update

Accession Number: 000168035925000221

Filing Summary: On December 11, 2024, the Board of Trustees of Nationwide Variable Insurance Trust approved an amendment to the subadvisory agreement with Victory Capital Management Inc. for the NVIT Amundi Multi Sector Bond Fund due to the acquisition of Amundi Asset Management US, Inc. by Victory Capital. This acquisition resulted in a change of control over Amundi, causing the termination of Amundi’s subadvisory agreement with the Trust. However, there were no changes in the Fund’s portfolio management team. The Summary Prospectus has been amended to reflect these changes, specifically replacing Amundi with Victory Capital as the subadviser, and updating the details of the portfolio management team accordingly.

Form Type: CORRESP

Filing Date: 2024-12-09

Corporate Action: Merger

Type: Update

Accession Number: 000168035924000439

Filing Summary: Nationwide Variable Insurance Trust is responding to comments from the SEC regarding a registration statement related to the reorganization involving NVIT BNY Mellon Core Plus Bond Fund (the Target Fund) and NVIT Core Bond Fund (the Acquiring Fund). The document details responses to various comments from the SEC, confirming certain structural changes to the Acquiring Fund such as the appointment of a new subadviser, which will occur independent of the merger transaction. The Registrant details the expected portfolio repositioning, fee disclosures, and clarifications required from the SEC on differences between investment strategies of the two funds. The statement also confirms that there have been no material changes in capitalizations and provides updates for pro forma amounts post-transaction. Overall, the correspondence outlines how the Registrant is maintaining transparency regarding changes in fund management and strategy as part of the merger process.

Form Type: N-14

Filing Date: 2024-11-01

Corporate Action: Merger

Type: New

Accession Number: 000168035924000392

Filing Summary: On November 1, 2024, Nationwide Variable Insurance Trust filed a registration statement regarding a proposed reorganization. The NVIT BNY Mellon Core Plus Bond Fund, a series of the Trust, will be merged with the NVIT Core Bond Fund. This transaction involves the acquisition of all assets of the NVIT BNY Mellon Core Plus Bond Fund by the NVIT Core Bond Fund, in exchange for shares of the Acquiring Fund. Shareholders of the Target Fund are not required to approve this transaction. The Target Fund will be liquidated and dissolved post-transaction, with shareholders receiving shares of the Acquiring Fund at equivalent net asset values. The transaction aims to enhance the position and strategies of the Acquiring Fund, with Loomis Sayles & Company being appointed as the new subadviser, repositioning the fund’s investment strategy to focus on core fixed-income investments. The total operating expenses of the funds post-transaction are projected to slightly decrease across varying share classes. The reorganization is classified as a tax-free transaction for federal income tax purposes.