NATIONWIDE VARIABLE INSURANCE TRUST
| NVIT Allspring Discovery Fund |
NVIT J.P. Morgan Digital Evolution Strategy Fund | |
| NVIT Amundi Multi Sector Bond Fund |
NVIT J.P. Morgan Innovators Fund | |
| NVIT AQR Large Cap Defensive Style Fund |
NVIT J.P. Morgan Large Cap Growth Fund | |
| NVIT BlackRock Equity Dividend Fund |
NVIT J.P. Morgan U.S. Equity Fund | |
| NVIT BNY Mellon Core Plus Bond Fund |
NVIT J.P. Morgan US Technology Leaders Fund | |
| NVIT BNY Mellon Dynamic U.S. Core Fund |
NVIT Jacobs Levy Large Cap Core Fund | |
| NVIT BNY Mellon Dynamic U.S. Equity Income Fund |
NVIT Jacobs Levy Large Cap Growth Fund | |
| NVIT Bond Index Fund |
NVIT Loomis Core Bond Fund (formerly, NVIT Core Bond Fund) | |
| NVIT Calvert Equity Fund |
NVIT Loomis Short Term Bond Fund | |
| NVIT Columbia Overseas Value Fund |
NVIT Mid Cap Index Fund | |
| NVIT DoubleLine Total Return Tactical Fund |
NVIT Multi-Manager Small Cap Value Fund | |
| NVIT Emerging Markets Fund |
NVIT Multi-Manager Small Company Fund | |
| NVIT Federated High Income Bond Fund |
NVIT NS Partners International Focused Growth Fund | |
| NVIT Government Bond Fund |
NVIT Real Estate Fund | |
| NVIT Government Money Market Fund |
NVIT S&P 500 Index Fund | |
| NVIT International Equity Fund |
NVIT Small Cap Index Fund | |
| NVIT International Index Fund |
NVIT Victory Mid Cap Value Fund (formerly, NVIT | |
| NVIT Invesco Small Cap Growth Fund (formerly, |
Multi-Manager Mid Cap Value Fund) | |
| NVIT Multi-Manager Small Cap Growth Fund) |
Supplement dated January 17, 2025
to the Statement of Additional Information (“SAI”) dated April 29, 2024
Capitalized terms and certain other terms used in this supplement, unless otherwise defined in this supplement, have the meanings assigned to them in the SAI.
NVIT J.P. Morgan Digital Evolution Strategy Fund (the “Fund”)
Effective immediately, the following replaces the information regarding the Fund under the heading “Investment Advisory and Other Services – Limitation of Fund Expenses” beginning on page 70 of the SAI:
| • | NVIT J.P. Morgan Digital Evolution Strategy Fund to 0.56% until April 30, 2026 |
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE