Form 497VPI Nationwide VL Separate
Tweet
Share
E-mailSupplement dated January
23, 2025
to the following initial summary prospectus(es):
to the following initial summary prospectus(es):
Nationwide Advisory VUL dated May 1, 2024
| This supplement updates certain information contained in your initial summary prospectus. Please read and
retain this supplement for future reference. |
1. At a meeting held on October 23, 2024, the Board of Trustees of
Nationwide Variable Insurance Trust, approved the merger of the NVIT BNY Mellon Core Plus Bond Fund: Class Y (the "Target Fund") and the NVIT Core Bond Fund: Class Y (the "Acquiring Fund," which effective on or about January 27, 2025, will be renamed the "NVIT Loomis Core Bond Fund").
The merger will be effective on or about February 28, 2025 (the "Effective Date").
As of the Effective Date, the following changes apply to the policy:
•
the Target Fund will no longer be available to receive transfers or new purchase
payments;
•
the Target Fund will transfer all or substantially all of its assets to the Acquiring Fund in
exchange for shares of the Acquiring Fund; and
•
the Acquiring Fund will assume all liabilities of the Target Fund.
Accordingly, the
following changes apply to the prospectus:
(1)
Appendix is amended to add the following:
| Type |
Underlying Mutual Fund and
Adviser/
Subadviser |
Current
Expenses |
Low Cost
Sub-Account Fee
Fee1 |
Current
Expenses +
Low Cost
Sub-Account Fee
Fee |
Average Annual
Total Returns
(as of 12/31/2023) | ||
| 1
year |
5
year |
10
year | |||||
| Fixed Income |
NVIT Loomis Core Bond Fund:
Class Y
Investment Advisor: Nationwide Fund Advisors Sub-Advisor: Loomis, Sayles &
Company, L.P. |
0.48% |
0.00% |
0.48% |
7.63% |
2.23% |
2.30% |
*
This underlying mutual fund’s current expenses reflect a temporary fee reduction.
1
Reflects the current Low Cost
Sub-Account Fee. The maximum Low Cost
Sub-Account Fee applicable for any
Sub-Account is 1.00%.
(2) All
references in the prospectus to the Target Fund are deleted and replaced with the Acquiring Fund.
2. At a meeting of the Board of Trustees (the "Board") of Nationwide Variable Insurance Trust held on December 11, 2024, the
Board approved the termination of NS Partners Ltd as the subadviser to the NVIT Emerging Markets Fund (the "Fund") and the appointment of FIAM LLC as the Fund’s new
subadviser. This change is anticipated to take effect on or about March 3, 2025 (the "Effective Date").
As of the Effective Date the initial summary prospectus is amended as
follows:
The names of the investment option(s) and subadviser(s) are
updated as indicated below:
| CURRENT INFORMATION |
UPDATED INFORMATION |
| Nationwide Variable Insurance Trust – NVIT Emerging
Markets Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: NS Partners Ltd |
Nationwide Variable Insurance Trust - NVIT Fidelity Institutional AM(R) Emerging Markets Fund: Class I Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: FIAM LLC |
All references to the Fund’s former name and subadviser are replaced accordingly
ISP-0831
1
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Valerio Therapeutics Announces Binding Offer for the Proposed Acquisition of Etherna Immunotherapies, Creating a Global Leader in Targeted RNA Medicines
- The Traditional American Backyard Replaces Conventional Neighborhood Development in a New Educational Segment Featuring Realm on "All Access hosted by Andy Garcia"
- SkylineDx's Merlin CP-GEP Granted FDA Breakthrough Device Designation, Building on Exclusive NCCN Recognition in Melanoma Care
Create E-mail Alert Related Categories
SEC FilingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
