M&A - NATIONWIDE VLI SEPARATE ACCOUNT 4

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000119312525011127

Filing Summary: On January 23, 2025, a supplement to the statutory prospectus for various Nationwide Variable Insurance Trust funds was filed. This document includes several key updates regarding changes to investment subadvisers and a merger between two funds. The Board of Trustees approved the termination of Nationwide Asset Management, LLC as the subadviser for the NVIT Core Bond Fund, appointing Loomis, Sayles & Company, L.P. as the new subadviser, effective January 27, 2025. Additionally, Columbia Management Investment Advisor, LLC was terminated as the subadviser for the NVIT Columbia Overseas Value Fund, with Putnam Investment Management, LLC stepping in, effective January 31, 2025. A significant merger was also approved, involving the NVIT BNY Mellon Core Plus Bond Fund merging into the NVIT Core Bond Fund, effective February 28, 2025. This will result in the termination of the Target Fund's availability for transfers or new purchases, with the Acquiring Fund assuming all liabilities.