M&A - NATIONWIDE VLI SEPARATE ACCOUNT 2

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: New

Accession Number: 000119312525011077

Filing Summary: On January 23, 2025, a supplement to the statutory prospectus of Nationwide Variable Insurance Trust was issued, detailing important changes and updates. Among the key points, the Board of Trustees approved the termination of subadvisers for several funds and the appointment of new subadvisers, which will take effect in early 2025. Notably, a merger of the NVIT BNY Mellon Core Plus Bond Fund and the NVIT Core Bond Fund has been approved, with the merger effective February 28, 2025. This includes the transfer of assets from the Target Fund to the Acquiring Fund, with all liabilities assumed by the Acquiring Fund. Relevant updates to the prospectus include changes to the names of investment options and details on current expenses and performance metrics of the involved funds.