-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Kg9+JS2UaklH7FttTStvdbY8jIqAvR33qqT0ZsFIIABxyRpXmuZh28IwaIsTtjbG TjO1HCNPsVPcdTQdLKl9ZA== 0000950152-01-504408.txt : 20010911 0000950152-01-504408.hdr.sgml : 20010911 ACCESSION NUMBER: 0000950152-01-504408 CONFORMED SUBMISSION TYPE: N-30D PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010630 FILED AS OF DATE: 20010910 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONWIDE VLI SEPARATE ACCOUNT 4 CENTRAL INDEX KEY: 0001041357 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 314156830 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-30D SEC ACT: 1940 Act SEC FILE NUMBER: 811-08301 FILM NUMBER: 1734790 BUSINESS ADDRESS: STREET 1: C/O NATIONWIDE LIFE INSURANCE CO STREET 2: ONE NATIONWIDE PLAZA CITY: COLUMBUS STATE: OH ZIP: 43216 BUSINESS PHONE: 8008603946 MAIL ADDRESS: STREET 1: C/O NATIONWIDE LIFE INSURANCE CO STREET 2: ONE NATIONWIDE PLAZA CITY: COLUMBUS STATE: OH ZIP: 43216 N-30D 1 l90227an-30d.txt NATIONWIDE VLI SEPARATE ACCOUNT 4 FORM N-30D 1 Nationwide(R) VLI Separate Account-4 June 30, 2001 [STAR GRAPHIC] THE BEST OF AMERICA(R) America's FUTURE Life Series(SM) 2001 Semi-Annual Report - -------------------------------------------------------------------------------- [NATIONWIDE LOGO] Nationwide Life Insurance Company Home Office: Columbus, Ohio 2 [NATIONWIDE LOGO] NATIONWIDE LIFE INSURANCE COMPANY ONE NATIONWIDE PLAZA, COLUMBUS, OHIO 43215-2220 [PHOTO OF JOSEPH J. GASPER] PRESIDENT'S MESSAGE On behalf of Nationwide Life Insurance Company we are pleased to bring you the 2001 semi-annual report of the Nationwide VLI Separate Account-4. Equity markets continued in the doldrums during the first half of 2001. While it's too early to detect solid evidence of a turn in the market, it is encouraging to note that the major market indices registered positive performance during the second quarter. The market seems to be looking across the valley, and we believe the basic elements are in place to begin to reenergize equity performance. The Federal Reserve has aggressively lowered interest rates during this period, and more easing is expected. Further stimulus may be anticipated from tax reductions and tax rebates. Corporate earnings have been a drag on performance, but quarter-to-quarter earnings comparisons should become more favorable as the economy absorbs the effect of lower interest rates and lower effective tax rates. As we move beyond the current downturn, equity-based financial assets should again return to prominence. We are pleased you have selected Nationwide Financial to help you achieve your financial planning and retirement saving goals. We continue to direct our strategic focus to enhancing our existing product offerings and service, and to the development of new and innovative investment products to better serve your future needs. /s/ Joseph J. Gasper Joseph J. Gasper, President August 14, 2001 3 3 HOW TO READ THE SEMI-ANNUAL REPORT This semi-annual report is a presentation of the variable account as a whole and only describes the underlying contracts and products of the variable account in general terms. Please note the variable account may have more than one variable product available. Such products may have different underlying mutual funds available than those available in your contract. Therefore, not all funds listed in this report may be available in your contract. Please refer to your most recent account statement for specific information about your investment in the Nationwide VLI Separate Account-4. Rules and regulations of the U.S. Securities and Exchange Commission and recognized conventions of accounting principles generally accepted in the United States of America prescribe the format and content of this report. We also invite you to call our service center at 1-877-351-8808 if you have questions about your account, or you may access your account using our voice response unit. And, please visit our web-site at www.BestofAmerica.com for additional information about your contract and to learn more about other products and services offered by Nationwide Financial. THE SEMI-ANNUAL REPORT HAS FOUR MAJOR FINANCIAL SECTIONS: STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS' EQUITY This statement begins on page 5 and lists all of the underlying mutual funds of the variable account, the number of shares owned, the amount paid for the shares and their fair value as of the close of business on June 30, 2001. The mutual funds are listed in alphabetical order. The fair value of the assets changes as the underlying mutual funds change in value. As contract owners make exchange transactions between the funds, the number of shares increases or decreases accordingly. When money is deposited or withdrawn by a contract owner, shares are correspondingly purchased or redeemed. The total fair value of the funds is equal to the Total investments of the variable account. Accounts receivable, if applicable, represents an asset of the variable account for money market fund shares purchased by contract owners and reinvested dividend shares added to contract owners' accounts, but not yet added to Total investments. Total investments plus Accounts receivable equal Total assets of the variable account. Accounts payable, if applicable, is a liability of the variable account for money market fund shares redeemed by contract owners but not yet deducted from Total investments. Total assets minus Accounts payable equals Contract owners' equity. A summary of Contract owners' equity by fund series may be found on page 40. This summary also includes certain performance measures for each fund series for the periods indicated. STATEMENTS OF OPERATIONS, STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY These statements begin on page 8 and present the financial activity of each underlying mutual fund sub-account of the variable account, for the periods indicated. The STATEMENTS OF OPERATIONS show income and expenses to the variable account from Investment activity for reinvested dividends and capital gain distributions paid by the underlying mutual funds; and expenses included are the mortality, expense and, if applicable, an administration charge, which are assessed through the daily unit value calculation and that represent an expense to the variable account and its contract owners. This statement also shows the realized gain or loss as mutual fund shares are sold, and the change in unrealized gain or loss, which represents the changes in fair value of the underlying fund shares. The STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY includes Investment activity for income and expenses shown on the STATEMENTS OF OPERATIONS. In addition, the Equity transactions section of this statement illustrates the receipt of purchase payments, as new contracts are sold or additional payments are made to existing contracts. Also presented are deductions from the variable account when the contract owners withdraw money. The sum of the above two sections represents the Net change in contract owners' equity which when added to the beginning Contract owners' equity equals Contract owners' equity at the end of the reporting period. The CHANGES IN UNITS section illustrates the number of units purchased and redeemed for each mutual fund sub- account during the period reported. NOTES TO FINANCIAL STATEMENTS, beginning on page 35, provide further disclosures about the variable account and its underlying contract provisions. 4 4 NATIONWIDE VLI SEPARATE ACCOUNT- 4 STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS' EQUITY June 30, 2001 (UNAUDITED) Assets: Investments at fair value: American Century Variable Portfolios, Inc. - American Century VP Income & Growth (ACVPIncGr) 5,267,177 shares (cost $37,951,617) ................................... $ 35,711,462 American Century Variable Portfolios, Inc. - American Century VP International (ACVPInt) 6,375,342 shares (cost $53,903,733) ................................... 47,368,792 American Century Variable Portfolios, Inc. - American Century VP Value (ACVPValue) 2,315,805 shares (cost $15,399,754) ................................... 16,372,743 Credit Suisse Warburg Pincus Trust - Global Post-Venture Capital Portfolio (WPGIPVenCp) 87,258 shares (cost $1,478,284) ....................................... 955,475 Credit Suisse Warburg Pincus Trust - International Equity Portfolio (WPIntEq) 208,421 shares (cost $1,924,837) ...................................... 1,879,957 Credit Suisse Warburg Pincus Trust - Value Portfolio (WPValue) 217,912 shares (cost $2,744,410) ...................................... 2,856,833 The Dreyfus Socially Responsible Growth Fund, Inc. (DrySRGr) 663,356 shares (cost $23,135,492) ..................................... 19,635,351 Dreyfus Stock Index Fund (DryStklx) 7,953,404 shares (cost $279,660,732) .................................. 250,532,226 Dreyfus Investment Portfolios - European Equity Portfolio (DryEuroEq) 146,541 shares (cost $1,884,424) ...................................... 1,745,301 Dreyfus NSAT - Mid Cap Index Fund (NSATMidCap) 1,018,303 shares (cost $13,533,273) ................................... 13,848,923 Dreyfus Variable Investment Fund - Appreciation Portfolio (DryVApp) 1,017,645 shares (cost $38,324,884) ................................... 37,113,523 Federated Insurance Series - Federated Quality Bond Fund II (FedQualBd2) 6,472,324 shares (cost $66,977,084) ................................... 70,030,550 Federated NSAT - Equity Income Fund (NSATEqInc) 375,310 shares (cost $4,558,970) ...................................... 4,079,615 Federated NSAT - High Income Bond Fund (NSATHIncBd) 2,088,175 shares (cost $17,613,692) ................................... 16,016,300 Fidelity Variable Insurance Products Fund - Equity-Income Portfolio: Service Class (FidVEqInS) 1,962,935 shares (cost $46,587,469) ................................... 46,423,402 Fidelity Variable Insurance Products Fund - Growth Portfolio (FidVGrS) 2,768,600 shares (cost $122,994,523) .................................. 101,773,726
(Continued) 5 5 NATIONWIDE VLI SEPARATE ACCOUNT- 4 STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS' EQUITY, CONTINUED Fidelity Variable Insurance Products Fund - High Income Portfolio (FidVHilnS) 2,807,944 shares (cost $23,427,458) ................................... 18,869,381 Fidelity Variable Insurance Products Fund - Overseas Portfolio (FidVOvSeS) 1,857,657 shares (cost $32,448,410) ................................... 28,886,560 Fidelity Variable Insurance Products Fund II - Contrafund Portfolio (FidVConS) 2,615,996 shares (cost $59,862,518) ................................... 53,889,527 Fidelity Variable Insurance Products Fund III - Growth Opportunities Portfolio (FidVGrOpS) 973,502 shares (cost $18,605,695) ..................................... 15,683,114 Gartmore NSAT - Emerging Markets Fund (NSATEmmMGM) 49,825 shares (cost $384,941) ......................................... 379,666 Gartmore NSAT - Global Technology & Communications Fund (NSATGTecGM) 185,749 shares (cost $1,145,986) ...................................... 967,753 Gartmore NSAT - International Growth Fund (NSATIntGGM) 20,234 shares (cost $150,611) ......................................... 140,018 J.P. Morgan NSAT - Balanced Fund (NSATBal) 1,158,167 shares (cost $11,627,180) ................................... 11,245,805 Janus Aspen Series - Capital Appreciation Portfolio (JanACapApS) 1,395,396 shares (cost $36,222,495) ................................... 31,787,114 Janus Aspen Series - Global Technology Portfolio (JanAGITchS) 3,326,132 shares (cost $22,339,308) ................................... 16,031,955 Janus Aspen Series - International Growth Portfolio (JanAIntGrS) 1,213,682 shares (cost $33,526,746) ................................... 31,240,181 MAS NSAT - Multi Sector Bond Fund (NSATMSecBd) 3,927,472 shares (cost $36,667,960) ................................... 35,661,443 Nationwide Separate Account Trust - Capital Appreciation Fund (NSATCapAp) 1,464,747 shares (cost $29,061,413) ................................... 16,917,827 Nationwide Separate Account Trust - Global 50 Fund (NSATGlob50) 3,166,499 shares (cost $38,491,799) ................................... 31,253,343 Nationwide Separate Account Trust - Government Bond Fund (NSATGvtBd) 7,613,676 shares (cost $86,258,046) ................................... 87,024,319 Nationwide Separate Account Trust - Money Market Fund (NSATMMkt) 279,765,728 shares (cost $279,765,728) ................................ 279,765,728 Nationwide Separate Account Trust - Small Cap Growth Fund (NSATSmCapG) 692,825 shares (cost $10,017,231) ..................................... 10,683,367 Nationwide Separate Account Trust - Small Cap Value Fund (NSATSmCapV) 2,874,503 shares (cost $30,401,765) ................................... 32,769,337 Nationwide Separate Account Trust - Small Company Fund (NSATSmCo) 2,828,064 shares (cost $59,995,767) ................................... 55,741,137 Nationwide Separate Account Trust - Strategic Value Fund (NSATStrVal) 212,679 shares (cost $2,123,250) ...................................... 2,118,281
6 6 Nationwide Separate Account Trust - Total Return Fund (NSATTotRtn) 9,059,601 shares (cost $111,780,075) .................................. 96,756,535 Neuberger Berman Advisers Management Trust - Guardian Portfolio (NBAMTGuard) 605,103 shares (cost $9,472,174) ...................................... 9,137,056 Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio (NBAMTMCGr) 2,343,436 shares (cost $46,956,728) ................................... 45,626,707 Neuberger Berman Advisers Management Trust - Partners Portfolio (NBAMTPart) 713,783 shares (cost $11,494,847) ..................................... 11,020,817 Oppenheimer Aggressive Growth Fund/VA (OppAggGrVA) 1,392,707 shares (cost $93,693,883) ................................... 60,234,587 Oppenheimer Capital Appreciation Fund/VA (OppCapApVA) 1,773,890 shares (cost $80,646,614) ................................... 70,600,806 Oppenheimer Global Securities Fund/VA (OppGISecVA) 508,762 shares (cost $11,866,308) ..................................... 12,103,439 Oppenheimer Main Street Growth & Income Fund/VA (OppMGrlnVA) 1,230,121 shares (cost $26,809,153) ................................... 24,454,806 Strong Opportunity Fund II, Inc. (StOpp2) 623,854 shares (cost $14,922,533) ..................................... 14,941,295 Strong NSAT - Mid Cap Growth Fund (NSATStrGro) 2,044,953 shares (cost $33,425,292) ................................... 29,324,619 Turner NSAT - Growth Focus Fund (NSATGFocTU) 52,953 shares (cost $247,856) ......................................... 230,344 The Universal Institutional Funds, Inc. - Emerging Markets Debt Portfolio (MSUEmMkt) 276,193 shares (cost $1,945,150) ...................................... 1,999,638 The Universal Institutional Funds, Inc. - Mid Cap Growth Portfolio (MSUMCapGr) 185,855 shares (cost $1,909,207) ...................................... 1,899,435 The Universal Institutional Funds, Inc. - U.S. Real Estate Portfolio (MSUUSRealE) 856,780 shares (cost $9,893,824) ...................................... 10,658,349 Van Eck Worldwide Insurance Trust - Worldwide Emerging Markets Fund (VEWwEmgMkt) 577,187 shares (cost $4,964,189) ...................................... 4,750,250 Van Eck Worldwide Insurance Trust - Worldwide Hard Assets Fund (VEWwHrdAst) 164,192 shares (cost $1,934,068) ...................................... 1,893,137 ------------- Total investments ................................................ 1,823,031,855 Accounts receivable ........................................................ 129,606 ------------- Total assets ..................................................... 1,823,161,461 Accounts payable ........................................................... -- ------------- Contract owners' equity (note 7) ........................................... $1,823,161,461 =============
See accompanying notes to financial statements. 7 7 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF OPERATIONS SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
Total ACVPIncGr ---------------------------------------- --------------------------------- 2001 2000 1999 2001 2000 1999 ----------- ----------- ---------- --------- --------- ------- Investment activity: Reinvested dividends ....................... $ 19,809,242 9,432,275 2,559,662 269,901 89,434 345 Mortality and expense risk charges (note 3) (2,997,833) (610,755) (93,868) (62,777) (15,039) (451) ----------- ----------- ---------- --------- --------- ------- Net investment income ..................... 16,811,409 8,821,520 2,465,794 207,124 74,395 (106) ----------- ----------- ---------- --------- --------- ------- Proceeds from mutual funds shares sold ..... 578,813,874 251,035,204 44,164,640 6,095,750 1,411,226 314,418 Cost of mutual fund shares sold ............ (666,514,668) (235,806,554) (43,669,232) (6,598,195) (1,394,799) (259,983) ----------- ----------- ---------- --------- --------- ------- Realized gain (loss) on investments ....... (87,700,794) 15,228,650 495,408 (502,445) 16,427 54,435 Change in unrealized gain (loss) on investments ............................ (49,919,090) (25,741,208) 11,542,778 (780,440) (517,517) 194,869 ----------- ----------- ---------- --------- --------- ------- Net gain (loss) on investments ............ (137,619,884) (10,512,558) 12,038,186 (1,282,885) (501,090) 249,304 ----------- ----------- ---------- --------- --------- ------- Reinvested capital gains ................... 30,392,507 16,889,979 1,619,136 -- -- -- ----------- ----------- ---------- --------- --------- ------- Net increase (decrease) in contract owners' equity resulting from operations ......... $ (90,415,968) 15,198,941 16,123,116 (1,075,761) (426,695) 249,198 =========== =========== ========== ========= ========= =======
ACVPInt ---------------------------------- 2001 2000 1999 ---------- --------- ------- Investment activity: Reinvested dividends ....................... 36,851 29,817 -- Mortality and expense risk charges (note 3) (84,231) (15,957) (328) ---------- --------- ------- Net investment income ..................... (47,380) 13,860 (328) ---------- --------- ------- Proceeds from mutual funds shares sold ..... 29,738,545 5,786,603 159,686 Cost of mutual fund shares sold ............ (43,133,656) (3,784,053) (166,796) ---------- --------- ------- Realized gain (loss) on investments ....... (13,395,111) 2,002,550 (7,110) Change in unrealized gain (loss) on investments ............................ (697,126) (4,821,209) 272,790 ---------- --------- ------- Net gain (loss) on investments ............ (14,092,237) (2,818,659) 265,680 ---------- --------- ------- Reinvested capital gains ................... 4,068,852 445,799 -- ---------- --------- ------- Net increase (decrease) in contract owners' equity resulting from operations ......... (10,070,765) (2,359,000) 265,352 ========== ========= =======
ACVPValue WPGIPVenCp ---------------------------------- ------------------------------ 2001 2000 1999 2001 2000 1999 ---------- ---------- -------- -------- -------- ------- Investment activity: Reinvested dividends ........................ $ 109,166 29,260 9,053 -- -- -- Mortality and expense risk charges (note 3) . (21,191) (901) (249) (2,450) (477) (39) --------- --------- ------- ------- ------- ------- Net investment income ...................... 87,975 28,359 8,804 (2,450) (477) (39) --------- --------- ------- ------- ------- ------- Proceeds from mutual funds shares sold ...... 3,185,080 2,926,834 295,226 286,238 527,734 100,937 Cost of mutual fund shares sold ............. (2,666,251) (3,136,420) (284,769) (453,842) (326,599) (77,660) --------- --------- ------- ------- ------- ------- Realized gain (loss) on investments ........ 518,829 (209,586) 10,457 (167,604) 201,135 23,277 Change in unrealized gain (loss) on investments ............................. 221,456 44,924 32,019 (44,565) (165,651) 13,920 --------- --------- ------- ------- ------- ------- Net gain (loss) on investments ............. 740,285 (164,662) 42,476 (212,169) 35,484 37,197 --------- --------- ------- ------- ------- ------- Reinvested capital gains .................... -- 74,870 85,768 -- -- -- --------- --------- ------- ------- ------- ------- Net increase (decrease) in contract owners' equity resulting from operations .......... $ 828,260 (61,433) 137,048 (214,619) 35,007 37,158 ========= ========= ======= ======= ======= =======
WPIntEq -------------------------------- 2001 2000 1999 ---------- -------- -------- Investment activity: Reinvested dividends ........................ -- -- -- Mortality and expense risk charges (note 3) . (4,454) (599) (9) --------- -------- ------- Net investment income ...................... (4,454) (599) (9) --------- -------- ------- Proceeds from mutual funds shares sold ...... 3,197,781 455,376 244,373 Cost of mutual fund shares sold ............. (4,146,001) (306,411) (226,385) --------- ------- ------- Realized gain (loss) on investments ........ (948,220) 148,965 17,988 Change in unrealized gain (loss) on investments ............................. 638,235 (360,838) 53,595 --------- ------- ------- Net gain (loss) on investments ............. (309,985) (211,873) 71,583 --------- ------- ------- Reinvested capital gains .................... -- -- -- --------- ------- ------- Net increase (decrease) in contract owners' equity resulting from operations .......... (314,439) (212,472) 71,574 ========= ======= =======
8 8 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF OPERATIONS, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
WPValue DrySRGr -------------------------------------------------------------------- 2001 2000 1999 2001 2000 1999 --------- --------- ------- --------- ------- ------- Investment activity: Reinvested dividends ........................ $ -- -- -- 2,812 1,657 -- Mortality and expense risk charges (note 3) . (5,873) (1,072) (483) (44,023) (1,993) (99) --------- --------- ------- --------- ------- ------- Net investment income ...................... (5,873) (1,072) (483) (41,211) (336) (99) --------- --------- ------- --------- ------- ------- Proceeds from mutual funds shares sold ...... 1,058,737 1,158,983 302,385 5,680,017 628,180 120,939 Cost of mutual fund shares sold ............. (997,854) (1,144,542) (315,649) (6,276,248) (468,376) (108,188) --------- --------- ------- --------- ------- ------- Realized gain (loss) on investments ........ 60,883 14,441 (13,264) (596,231) 159,804 12,751 Change in unrealized gain (loss) on investments ............................. 20,896 (15,349) 101,373 (2,117,573) 247,896 279,024 --------- --------- ------- --------- ------- ------- Net gain (loss) on investments ............. 81,779 (908) 88,109 (2,713,804) 407,700 291,775 --------- --------- ------- --------- ------- ------- Reinvested capital gains .................... -- -- -- -- -- -- --------- --------- ------- --------- ------- ------- Net increase (decrease) in contract owners' equity resulting from operations .......... $ 75,906 (1,980) 87,626 (2,755,015) 407,364 291,676 ========= ========= ======= ========= ======= =======
DryStkIx ------------------------------------- 2001 2000 1999 ---------- ---------- ------- Investment activity: Reinvested dividends ........................ 1,255,043 771,912 189,209 Mortality and expense risk charges (note 3) . (438,004) (128,829) (11,188) ---------- ---------- --------- Net investment income ...................... 817,039 643,083 178,021 ---------- ---------- --------- Proceeds from mutual funds shares sold ...... 35,169,843 10,608,231 291,895 Cost of mutual fund shares sold ............. (38,772,112) (8,027,040) (262,192) ---------- ---------- --------- Realized gain (loss) on investments ........ (3,602,269) 2,581,191 29,703 Change in unrealized gain (loss) on investments ............................. (13,802,186) (3,016,509) 2,927,568 ---------- ---------- --------- Net gain (loss) on investments ............. (17,404,455) (435,318) 2,957,271 ---------- ---------- --------- Reinvested capital gains .................... 43,790 168,748 117,757 ---------- ---------- --------- Net increase (decrease) in contract owners' equity resulting from operations .......... (16,543,626) 376,513 3,253,049 ========== ========== =========
DryEuroEq NSATMidCap ---------------------------------- ------------------------------ 2001 2000 1999 2001 2000 1999 ---------- --------- ------- --------- ------- ------ Investment activity: Reinvested dividends ....................... $ 1,885 -- -- 31,176 5,472 805 Mortality and expense risk charges (note 3) (4,042) (282) -- (18,737) (560) (9) ---------- --------- ------- --------- ------- ------ Net investment income ..................... (2,157) (282) -- 12,439 4,912 796 ---------- --------- ------- --------- ------- ------ Proceeds from mutual funds shares sold ..... 12,356,838 2,289,522 -- 4,475,619 417,025 44,295 Cost of mutual fund shares sold ............ (12,603,639) (2,289,687) -- (4,700,408) (328,737) (41,898) ---------- --------- ------- --------- ------- ------ Realized gain (loss) on investments ....... (246,801) (165) -- (224,789) 88,288 2,397 Change in unrealized gain (loss) on investments ............................ (175,393) (23,409) -- 571,385 (217) 38,426 ---------- --------- ------- --------- ------- ------ Net gain (loss) on investments ............ (422,194) (23,574) -- 346,596 88,071 40,823 ---------- --------- ------- --------- ------- ------ Reinvested capital gains .................... -- 23,556 -- -- -- -- ---------- --------- ------- --------- ------- ------ Net increase (decrease) in contract owners' equity resulting from operations ......... $ (424,351) (300) -- 359,035 92,983 41,619 ========== ========= ======= ========= ======= ======
DryVApp ---------------------------------- 2001 2000 1999 ---------- --------- ------- Investment activity: Reinvested dividends ....................... 5,120 1,274 266 Mortality and expense risk charges (note 3) (64,035) (27,403) (4,053) ---------- --------- ------- Net investment income ..................... (58,915) (26,129) (3,787) ---------- --------- ------- Proceeds from mutual funds shares sold ..... 15,595,606 2,447,416 176,810 Cost of mutual fund shares sold ............ (15,983,733) (2,312,847) (156,849) ---------- --------- ------- Realized gain (loss) on investments ....... (388,127) 134,569 19,961 Change in unrealized gain (loss) on investments ............................ (909,033) 745,226 389,360 ---------- --------- ------- Net gain (loss) on investments ............ (1,297,160) 879,795 409,321 ---------- --------- ------- Reinvested capital gains .................... -- -- -- ---------- --------- ------- Net increase (decrease) in contract owners' equity resulting from operations ......... (1,356,075) 853,666 405,534 ========= ========= =======
(Continued) 9 9 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF OPERATIONS, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
FedQualBd2 NSATEqInc --------------------------------- ---------------------------- 2001 2000 1999 2001 2000 1999 --------- --------- ------- ------- ------- ------ Investment activity: Reinvested dividends ........................ $ 1,455,876 284,124 -- 23,342 4,901 831 Mortality and expense risk charges (note 3) . (51,854) (13,377) -- (6,581) (185) (52) --------- --------- ------- ------- ------- ------ Net investment income ...................... 1,404,022 270,747 -- 16,761 4,716 779 --------- --------- ------- ------- ------- ------ Proceeds from mutual funds shares sold ...... 4,072,977 2,971,626 -- 149,367 190,358 40,779 Cost of mutual fund shares sold ............. (3,634,225) (2,938,819) -- (183,999) (156,451) (36,588) --------- --------- ------- ------- ------- ------ Realized gain (loss) on investments ........ 438,752 32,807 -- (34,632) 33,907 4,191 Change in unrealized gain (loss) on investments ............................. 37,655 607,373 -- (243,517) (12,135) 26,837 --------- --------- ------- ------- ------- ------ Net gain (loss) on investments ............. 476,407 640,180 -- (278,149) 21,772 31,028 --------- --------- ------- ------- ------- ------ Reinvested capital gains .................... 147,643 -- -- -- -- 202 --------- --------- ------- ------- ------- ------ Net increase (decrease) in contract owners' equity resulting from operations .......... $ 2,028,072 910,927 -- (261,388) 26,488 32,009 ========= ========= ======= ======= ======= ======
NSATHIncBd --------------------------------- 2001 2000 1999 --------- --------- ------- Investment activity: Reinvested dividends ........................ 743,956 467,413 51,377 Mortality and expense risk charges (note 3) . (13,638) (4,264) (367) --------- --------- ------- Net investment income ...................... 730,318 463,149 51,011 --------- --------- ------- Proceeds from mutual funds shares sold ...... 3,459,379 1,989,700 233,450 Cost of mutual fund shares sold ............. (4,020,708) (2,166,364) (232,403) --------- --------- ------- Realized gain (loss) on investments ........ (561,329) (176,664) 1,047 Change in unrealized gain (loss) on investments ............................. 123,282 (422,277) (26,063) --------- --------- ------- Net gain (loss) on investments ............. (438,047) (598,941) (25,016) --------- --------- ------- Reinvested capital gains .................... -- -- 645 --------- --------- ------- Net increase (decrease) in contract owners' equity resulting from operations .......... 292,271 (135,792) 26,640 ========= ========= =======
FidVEqInS FidVGrS ----------------------------------- ----------------------------------- 2001 2000 1999 2001 2000 1999 --------- --------- --------- --------- --------- --------- Investment activity: Reinvested dividends ........................ $ 468,833 275,597 97,065 -- 46,538 8,639 Mortality and expense risk charges (note 3) . (76,913) (4,713) (880) (198,846) (43,465) (1,047) --------- --------- --------- --------- --------- --------- Net investment income ...................... 391,920 270,884 96,185 (198,846) 3,073 7,592 --------- --------- --------- --------- --------- --------- Proceeds from mutual funds shares sold ...... 1,944,821 3,837,286 538,948 24,977,360 3,558,623 549,969 Cost of mutual fund shares sold ............. (2,151,108) (3,966,529) (515,249) (32,192,865) (2,889,389) (491,307) --------- --------- --------- --------- --------- --------- Realized gain (loss) on investments ........ (206,287) (129,243) 23,699 (7,215,505) 669,234 58,662 Change in unrealized gain (loss) on investments ............................. (1,806,580) (1,557,513) 671,783 (8,486,185) (3,155,891) 396,062 --------- --------- --------- --------- --------- --------- Net gain (loss) on investments ............. (2,012,867) (1,686,756) 695,482 (15,701,690) (2,486,657) 454,724 --------- --------- --------- --------- --------- --------- Reinvested capital gains .................... 1,383,058 1,063,019 214,564 6,737,804 5,556,689 543,154 --------- --------- --------- --------- --------- --------- Net increase (decrease) in contract owners' equity resulting from operations .......... $ (237,889) (352,853) 1,006,231 (9,162,732) 3,073,105 1,005,470 ========= ========= ========= ========= ========= =========
FidVHiInS --------------------------------- 2001 2000 1999 --------- --------- ------- Investment activity: Reinvested dividends ........................ 1,975,681 711,532 364,862 Mortality and expense risk charges (note 3) . (30,623) (9,924) (45) --------- --------- ------- Net investment income ...................... 1,945,058 701,608 364,817 --------- --------- ------- Proceeds from mutual funds shares sold ...... 6,089,884 1,661,700 363,495 Cost of mutual fund shares sold ............. (8,715,349) (1,763,880) (409,632) --------- --------- ------- Realized gain (loss) on investments ........ (2,625,465) (102,180) (46,137) Change in unrealized gain (loss) on investments ............................. (1,056,577) (1,338,470) (20,396) --------- --------- ------- Net gain (loss) on investments ............. (3,682,042) (1,440,650) (66,533) --------- --------- ------- Reinvested capital gains .................... -- -- 13,640 --------- --------- ------- Net increase (decrease) in contract owners' equity resulting from operations .......... (1,736,984) (739,042) 311,924 ========= ========= =======
10 10 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF OPERATIONS, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
FidVOvSeS FidVConS ------------------------------------- ---------------------------------- 2001 2000 1999 2001 2000 1999 ---------- --------- --------- ---------- --------- ------- Investment activity: Reinvested dividends ....................... $ 1,225,302 217,766 21,110 307,645 93,712 26,713 Mortality and expense risk charges (note 3) (54,601) (21,839) (3,330) (108,332) (10,634) (281) ---------- --------- --------- ---------- --------- ------- Net investment income ..................... 1,170,701 195,927 17,780 199,313 83,078 26,432 ---------- --------- --------- ---------- --------- ------- Proceeds from mutual funds shares sold ..... 15,180,022 12,769,255 1,996,357 16,324,321 949,908 387,570 Cost of mutual fund shares sold ............ (20,682,866) (12,774,643) (1,902,122) (20,421,742) (711,239) (340,408) ---------- --------- --------- ---------- --------- ------- Realized gain (loss) on investments ....... (5,502,844) (5,388) 94,235 (4,097,421) 238,669 47,162 Change in unrealized gain (loss) on investments ............................ (999,893) (2,371,398) 215,378 (2,700,827) (4,058,941) 538,717 ---------- --------- --------- ---------- --------- ------- Net gain (loss) on investments ............ (6,502,737) (2,376,786) 309,613 (6,798,248) (3,820,272) 585,879 ---------- --------- --------- ---------- --------- ------- Reinvested capital gains ................... 1,957,820 1,409,432 34,048 1,230,579 3,401,735 195,897 ---------- --------- --------- ---------- --------- ------- Net increase (decrease) in contract owners' equity resulting from operations .......... $ (3,374,216) (771,427) 361,441 (5,368,356) (335,459) 808,208 ========== ========= ========= ========== ========= =======
FidVGrOpS --------------------------------- 2001 2000 1999 --------- --------- ------- Investment activity: Reinvested dividends ....................... 33,972 125,878 28,246 Mortality and expense risk charges (note 3) (32,567) (4,248) (309) --------- --------- ------- Net investment income ..................... 1,405 121,630 27,937 --------- --------- ------- Proceeds from mutual funds shares sold ..... 2,576,313 1,196,438 148,702 Cost of mutual fund shares sold ............ (3,739,539) (1,149,693) (138,969) --------- --------- ------- Realized gain (loss) on investments ....... (1,163,226) 46,745 9,733 Change in unrealized gain (loss) on investments ............................ (96,696) (1,175,929) 237,759 --------- --------- ------- Net gain (loss) on investments ............ (1,259,922) (1,129,184) 247,492 --------- --------- ------- Reinvested capital gains ................... -- 662,022 55,207 --------- --------- ------- Net increase (decrease) in contract owners' equity resulting from operations .......... (1,258,517) (345,532) 330,636 ========= ========= =======
NSATEmmMGM NSATGTecGM ------------------------------ ------------------------------ 2001 2000 1999 2001 2000 1999 --------- -------- -------- --------- -------- -------- Investment activity: Reinvested dividends ........................ $ 818 -- -- 403 -- -- Mortality and expense risk charges (note 3) . (677) -- -- (309) -- -- --------- -------- -------- --------- -------- -------- Net investment income ...................... 141 -- -- 94 -- -- --------- -------- -------- --------- -------- -------- Proceeds from mutual funds shares sold ...... 2,184,351 -- -- 1,408,709 -- -- Cost of mutual fund shares sold ............. (2,195,060) -- -- (1,422,081) -- -- --------- -------- -------- --------- -------- -------- Realized gain (loss) on investments ........ (10,709) -- -- (13,372) -- -- Change in unrealized gain (loss) on investments ............................. (5,611) -- -- (10,854) -- -- --------- -------- -------- --------- -------- -------- Net gain (loss) on investments ............. (16,320) -- -- (24,226) -- -- --------- -------- -------- --------- -------- -------- Reinvested capital gains .................... -- -- -- -- -- -- --------- -------- -------- --------- -------- -------- Net increase (decrease) in contract owners' equity resulting from operations .......... $ (16,179) -- -- (24,132) -- -- ========= ======== ======== ========= ======== ========
NSATIntGGM ---------------------------- 2001 2000 1999 ------- -------- -------- Investment activity: Reinvested dividends ........................ -- -- -- Mortality and expense risk charges (note 3) . (1,507) -- -- ------- -------- -------- Net investment income ...................... (1,507) -- -- ------- -------- -------- Proceeds from mutual funds shares sold ...... 185,523 -- -- Cost of mutual fund shares sold ............. (388,570) -- -- ------- -------- -------- Realized gain (loss) on investments ........ (203,047) -- -- Change in unrealized gain (loss) on investments ............................. 17,725 -- -- ------- -------- -------- Net gain (loss) on investments ............. (185,322) -- -- ------- -------- -------- Reinvested capital gains .................... -- -- -- ------- -------- -------- Net increase (decrease) in contract owners' equity resulting from operations .......... (186,829) -- -- ======= ======== ========
(Continued) 11 11 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF OPERATIONS, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
NSATBal JanACapApS ------------------------------- ------------------------------ 2001 2000 1999 2001 2000 1999 ------- --------- ------- ---------- ------- ------ Investment activity: Reinvested dividends ........................ $ 111,078 91,156 25,497 205,418 3,832 -- Mortality and expense risk charges (note 3) . (16,751) (2,351) (271) (56,460) (428) -- ------- --------- ------- ---------- ------- ------ Net investment income ...................... 94,327 88,805 25,226 148,958 3,404 -- ------- --------- ------- ---------- ------- ------ Proceeds from mutual funds shares sold ...... 825,477 3,826,706 100,061 8,616,073 168,690 -- Cost of mutual fund shares sold ............. (870,512) (3,773,344) (95,076) (11,401,149) (168,094) -- ------- --------- ------- ---------- ------- ------ Realized gain (loss) on investments ........ (45,035) 53,362 4,985 (2,785,076) 596 -- Change in unrealized gain (loss) on investments ............................. (129,490) 43,492 51,109 (1,033,899) (483,525) -- ------- --------- ------- ---------- ------- ------ Net gain (loss) on investments ............. (174,525) 96,854 56,094 (3,818,975) (482,929) -- ------- --------- ------- ---------- ------- ------ Reinvested capital gains .................... -- -- 24 -- -- -- ------- --------- ------- ---------- ------- ------ Net increase (decrease) in contract owners' equity resulting from operations .......... $ (80,198) 185,659 81,344 (3,670,017) (479,525) -- ======== ========= ======= ========== ======= ======
JanAGITchS ----------------------------- 2001 2000 1999 --------- ------- ------ Investment activity: Reinvested dividends ........................ 98,928 -- -- Mortality and expense risk charges (note 3) . (33,160) (844) -- --------- ------- ------ Net investment income ...................... 65,768 (844) -- --------- ------- ------ Proceeds from mutual funds shares sold ...... 5,012,440 944,554 -- Cost of mutual fund shares sold ............. (9,035,892) (969,925) -- --------- ------- ------ Realized gain (loss) on investments ........ (4,023,452) (25,371) -- Change in unrealized gain (loss) on investments ............................. (697,396) (454,800) -- --------- ------- ------ Net gain (loss) on investments ............. (4,720,848) (480,171) -- --------- ------- ------ Reinvested capital gains .................... -- -- -- --------- ------- ------ Net increase (decrease) in contract owners' equity resulting from operations .......... (4,655,080) (481,015) -- ========= ======= ======
JanAIntGrS NSATMSecBd -------------------------------- ------------------------------- 2001 2000 1999 2001 2000 1999 ---------- --------- ------ --------- ------- ------- Investment activity: Reinvested dividends ........................ $ 162,200 -- -- 949,620 596,769 76,442 Mortality and expense risk charges (note 3) . (49,474) (1,131) -- (64,613) (13,656) (868) ---------- --------- ------ --------- ------- ------- Net investment income ...................... 112,726 (1,131) -- 885,007 583,113 75,574 ---------- --------- ------ --------- ------- ------- Proceeds from mutual funds shares sold ...... 16,757,571 1,179,911 -- 1,460,014 876,101 155,959 Cost of mutual fund shares sold ............. (21,308,414) (1,162,710) -- (1,494,905) (921,172) (155,603) ---------- --------- ------ --------- ------- ------- Realized gain (loss) on investments ........ (4,550,843) 17,201 -- (34,891) (45,071) 356 Change in unrealized gain (loss) on investments ............................. 522,827 (606,421) -- (770,095) (100,407) (99,986) ---------- --------- ------ --------- ------- ------- Net gain (loss) on investments ............. (4,028,016) (589,220) -- (804,986) (145,478) (99,630) ---------- --------- ------ --------- ------- ------- Reinvested capital gains .................... -- -- -- -- -- -- ---------- --------- ------ --------- ------- ------- Net increase (decrease) in contract owners' equity resulting from operations .......... $ (3,915,290) (590,351) -- 80,021 437,635 (24,056) ========== ========= ====== ========= ======= =======
NSATCapAp ----------------------------------- 2001 2000 1999 --------- --------- --------- Investment activity: Reinvested dividends ........................ -- 41,174 29,197 Mortality and expense risk charges (note 3) . (40,033) (4,597) (482) --------- --------- --------- Net investment income ...................... (40,033) 36,577 28,715 --------- --------- --------- Proceeds from mutual funds shares sold ...... 3,926,306 4,569,789 245,412 Cost of mutual fund shares sold ............. (8,682,545) (4,887,807) (238,207) --------- --------- --------- Realized gain (loss) on investments ........ (4,756,239) (318,018) 7,205 Change in unrealized gain (loss) on investments ............................. 366,066 659,483 1,215,972 --------- --------- --------- Net gain (loss) on investments ............. (4,390,173) 341,465 1,223,177 --------- --------- --------- Reinvested capital gains .................... -- -- -- --------- --------- --------- Net increase (decrease) in contract owners' equity resulting from operations .......... (4,430,206) 378,042 1,251,892 ========= ========= =========
12 12 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF OPERATIONS, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
NSATGlob50 NSATGvtBd -------------------------------- --------------------------------- 2001 2000 1999 2001 2000 1999 --------- --------- ------ --------- --------- ------- Investment activity: Reinvested dividends ........................ $ 294,830 199,386 8,358 2,022,042 935,655 327,163 Mortality and expense risk charges (note 3) . (62,601) (15,219) (470) (135,728) (41,143) (14,720) --------- --------- ------ --------- --------- ------- Net investment income ...................... 232,229 184,167 7,888 1,886,314 894,512 312,444 --------- --------- ------ --------- --------- ------- Proceeds from mutual funds shares sold ...... 2,062,658 1,709,814 30,576 3,355,745 3,374,558 569,121 Cost of mutual fund shares sold ............. (2,378,614) (1,557,031) (29,256) (3,195,447) (3,522,459) (590,441) --------- --------- ------ --------- --------- ------- Realized gain (loss) on investments ........ (315,956) 152,783 1,320 160,298 (147,901) (21,320) Change in unrealized gain (loss) on investments ............................. (3,937,456) (185,548) 57,525 (895,834) 350,373 (488,411) --------- --------- ------ --------- --------- ------- Net gain (loss) on investments ............. (4,253,412) (32,765) 58,845 (735,536) 202,472 (509,731) --------- --------- ------ --------- --------- ------- Reinvested capital gains .................... -- -- 1,868 -- -- -- --------- --------- ------ --------- --------- ------- Net increase (decrease) in contract owners' equity resulting from operations .......... $(4,021,183) 151,402 68,600 1,150,778 1,096,984 (197,287) ========= ========= ====== ========= ========= =======
NSATMMkt ---------------------------------------- 2001 2000 1999 ----------- ----------- ---------- Investment activity: Reinvested dividends ........................ 6,588,208 4,075,124 1,106,181 Mortality and expense risk charges (note 3) . (496,486) (144,438) (49,607) ----------- ----------- ---------- Net investment income ...................... 6,091,722 3,930,686 1,056,574 ----------- ----------- ---------- Proceeds from mutual funds shares sold ...... 210,929,069 128,714,175 32,946,620 Cost of mutual fund shares sold ............. (210,929,069) (128,714,175) (32,946,620) ----------- ----------- ---------- Realized gain (loss) on investments ........ -- -- -- Change in unrealized gain (loss) on investments ............................. -- -- -- ----------- ----------- ---------- Net gain (loss) on investments ............. -- -- -- ----------- ----------- ---------- Reinvested capital gains .................... -- -- -- ----------- ----------- ---------- Net increase (decrease) in contract owners' equity resulting from operations .......... 6,091,722 3,930,686 1,056,574 =========== =========== ==========
NSATSmCapG NSATSmCapV --------------------------------- --------------------------------- 2001 2000 1999 2001 2000 1999 ---------- --------- ------- --------- --------- ------- Investment activity: Reinvested dividends ........................ $ -- -- -- -- -- -- Mortality and expense risk charges (note 3) . (14,271) (307) -- (42,904) (2,106) (285) ---------- --------- ------- --------- --------- ------- Net investment income ...................... (14,271) (307) -- (42,904) (2,106) (285) ---------- --------- ------- --------- --------- ------- Proceeds from mutual funds shares sold ...... 21,779,961 1,334,323 -- 4,384,193 2,717,407 274,983 Cost of mutual fund shares sold ............. (23,517,928) (1,216,505) -- (4,038,346) (2,634,956) (242,633) ---------- --------- ------- --------- --------- ------- Realized gain (loss) on investments ........ (1,737,967) 117,818 -- 345,847 82,451 32,350 Change in unrealized gain (loss) on investments ............................. 924,698 (1,856) 127,000 4,826,713 690,804 353,856 ---------- --------- ------- --------- --------- ------- Net gain (loss) on investments ............. (813,269) 115,962 127,000 5,172,560 773,255 386,206 ---------- --------- ------- --------- --------- ------- Reinvested capital gains .................... -- 241 -- -- -- 79,340 ---------- --------- ------- --------- --------- ------- Net increase (decrease) in contract owners' equity resulting from operations .......... $ (827,540) 115,896 127,000 5,129,656 771,149 465,261 ========== ========= ======= ========= ========= =======
NSATSmCo --------------------------------- 2001 2000 1999 --------- --------- ------- Investment activity: Reinvested dividends ........................ 56,462 6,404 -- Mortality and expense risk charges (note 3) . (70,666) (9,014) (793) --------- --------- ------- Net investment income ...................... (14,204) (2,610) (793) --------- --------- ------- Proceeds from mutual funds shares sold ...... 5,389,089 3,685,772 387,985 Cost of mutual fund shares sold ............. (4,913,094) (2,329,377) (392,254) --------- --------- ------- Realized gain (loss) on investments ........ 475,995 1,356,395 (4,269) Change in unrealized gain (loss) on investments ............................. (389,822) (168,069) 308,899 --------- --------- ------- Net gain (loss) on investments ............. 86,173 1,188,326 304,630 --------- --------- ------- Reinvested capital gains .................... -- -- -- --------- --------- ------- Net increase (decrease) in contract owners' equity resulting from operations .......... 71,969 1,185,716 303,837 ========= ========= =======
(Continued) 13 13 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF OPERATIONS, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
NSATStrVal NSATTotRtn ------------------------------ ----------------------------------- 2001 2000 1999 2001 2000 1999 ------- --------- ------ --------- --------- --------- Investment activity: Reinvested dividends ........................ $ 5,725 4,854 2,489 250,022 74,750 47,876 Mortality and expense risk charges (note 3) . (3,570) (201) (136) (94,761) (2,196) (31) ------- --------- ------ --------- --------- --------- Net investment income ...................... 2,155 4,653 2,353 155,261 72,554 47,845 ------- --------- ------ --------- --------- --------- Proceeds from mutual funds shares sold ...... 781,208 3,688,382 88,539 1,120,634 1,889,535 463,542 Cost of mutual fund shares sold ............. (788,592) (3,647,652) (82,284) (1,908,764) (1,708,373) (455,690) ------- --------- ------ --------- --------- --------- Realized gain (loss) on investments ........ (7,384) 40,730 6,255 (788,130) 181,162 7,852 Change in unrealized gain (loss) on investments ............................. (12,189) (45,250) 33,504 (1,924,019) 666,775 1,209,437 ------- --------- ------ --------- --------- --------- Net gain (loss) on investments ............. (19,573) (4,520) 39,759 (2,712,149) 847,937 1,217,289 ------- --------- ------ --------- --------- --------- Reinvested capital gains .................... -- -- 7,914 -- -- 4,930 ------- --------- ------ --------- --------- --------- Net increase (decrease) in contract owners' equity resulting from operations .......... $ (17,418) 133 50,026 (2,556,888) 920,491 1,270,065 ======= ========= ====== ========= ========= =========
NBAMTGuard ------------------------------- 2001 2000 1999 --------- ------- ------- Investment activity: Reinvested dividends ........................ 26,063 16,882 3,977 Mortality and expense risk charges (note 3) . (13,795) (541) (162) --------- ------- ------- Net investment income ...................... 12,268 16,341 3,815 --------- ------- ------- Proceeds from mutual funds shares sold ...... 2,305,730 736,655 83,618 Cost of mutual fund shares sold ............. (2,273,741) (668,481) (74,291) --------- ------- ------- Realized gain (loss) on investments ........ 31,989 68,174 9,327 Change in unrealized gain (loss) on investments ............................. (309,147) 21,032 227,293 --------- ------- ------- Net gain (loss) on investments ............. (277,158) 89,206 236,620 --------- ------- ------- Reinvested capital gains .................... 372,331 -- -- --------- ------- ------- Net increase (decrease) in contract owners' equity resulting from operations .......... 107,441 105,547 240,435 ========= ======= =======
NBAMTMCGr NBAMTPart ---------------------------------- --------------------------------- 2001 2000 1999 2001 2000 1999 ---------- --------- ------- --------- --------- ------- Investment activity: Reinvested dividends ........................ $ -- -- -- 36,401 55,679 56,853 Mortality and expense risk charges (note 3) . (74,778) (16,220) (780) (23,602) (1,905) (715) ---------- --------- ------- --------- --------- ------- Net investment income ...................... (74,778) (16,220) (780) 12,799 53,774 56,138 ---------- --------- ------- --------- --------- ------- Proceeds from mutual funds shares sold ...... 22,484,028 8,082,683 401,621 1,479,031 2,415,577 481,298 Cost of mutual fund shares sold ............. (32,113,739) (4,984,842) (366,395) (1,862,149) (2,529,805) (483,682) ---------- --------- ------- --------- --------- ------- Realized gain (loss) on investments ........ (9,629,711) 3,097,841 35,226 (383,118) (114,228) (2,384) Change in unrealized gain (loss) on investments ............................. 5,744,639 (1,599,352) 133,372 (36,981) (1,180,991) 516,251 ---------- --------- ------- --------- --------- ------- Net gain (loss) on investments ............. (3,885,072) 1,498,489 168,598 (420,099) (1,295,219) 513,867 ---------- --------- ------- --------- --------- ------- Reinvested capital gains .................... -- 6,497 37,807 345,807 1,184,100 98,874 ---------- --------- ------- --------- --------- ------- Net increase (decrease) in contract owners' equity resulting from operations .......... $ (3,959,850) 1,488,766 205,625 (61,493) (57,345) 668,880 ========== ========= ======= ========= ========= =======
OppAggGrVA ---------------------------------- 2001 2000 1999 ---------- --------- ------- Investment activity: Reinvested dividends ........................ 510,407 -- -- Mortality and expense risk charges (note 3) . (106,175) (16,779) (188) ---------- --------- ------- Net investment income ...................... 404,232 (16,779) (188) ---------- --------- ------- Proceeds from mutual funds shares sold ...... 11,095,102 5,304,073 126,521 Cost of mutual fund shares sold ............. (20,481,710) (3,165,177) (115,253) ---------- --------- ------- Realized gain (loss) on investments ........ (9,386,608) 2,138,896 11,268 Change in unrealized gain (loss) on investments ............................. (16,799,998) 788,259 357,043 ---------- --------- ------- Net gain (loss) on investments ............. (26,186,606) 2,927,155 368,311 ---------- --------- ------- Reinvested capital gains .................... 7,963,996 950,033 -- ---------- --------- ------- Net increase (decrease) in contract owners' equity resulting from operations .......... (17,818,378) 3,860,409 368,123 ========== ========= =======
14 14 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF OPERATIONS, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
OppCapApVA OppGlSecVA ---------------------------------- ------------------------------- 2001 2000 1999 2001 2000 1999 ---------- --------- ------- ---------- ------ -------- Investment activity: Reinvested dividends ........................ $ 362,712 26,876 10,044 37,643 -- -- Mortality and expense risk charges (note 3) . (113,060) (11,965) (154) (14,991) (84) -- ---------- --------- ------- ---------- ------ -------- Net investment income ...................... 249,652 14,911 9,891 22,652 (84) -- ---------- --------- ------- ---------- ------ -------- Proceeds from mutual funds shares sold ...... 9,390,264 3,856,447 136,905 11,267,336 37,853 -- Cost of mutual fund shares sold ............. (10,338,002) (2,643,387) (136,273) (12,297,040) (35,950) -- ---------- --------- ------- ---------- ------ -------- Realized gain (loss) on investments ........ (947,738) 1,213,060 632 (1,029,704) 1,903 -- Change in unrealized gain (loss) on investments ............................. (7,458,776) (910,520) 410,878 166,646 52,841 -- ---------- --------- ------- ---------- ------ -------- Net gain (loss) on investments ............. (8,406,514) 302,540 411,510 (863,058) 54,744 -- ---------- --------- ------- ---------- ------ -------- Reinvested capital gains .................... 5,442,934 1,434,225 110,334 697,893 -- -- ---------- --------- ------- ---------- ------ -------- Net increase (decrease) in contract owners' equity resulting from operations .......... $ (2,713,928) 1,751,676 531,735 (142,513) 54,660 -- ========== ========= ======= ========== ====== ========
OppMGrInVA ------------------------------- 2001 2000 1999 --------- ------- ------- Investment activity: Reinvested dividends ........................ 118,156 38,554 10,187 Mortality and expense risk charges (note 3) . (46,340) (3,834) (547) --------- ------- ------- Net investment income ...................... 71,816 34,720 9,640 --------- ------- ------- Proceeds from mutual funds shares sold ...... 6,136,407 581,966 412,216 Cost of mutual fund shares sold ............. (6,935,454) (428,202) (449,292) --------- ------- ------- Realized gain (loss) on investments ........ (799,047) 153,764 (37,076) Change in unrealized gain (loss) on investments ............................. (380,539) (597,224) 327,414 --------- ------- ------- Net gain (loss) on investments ............. (1,179,586) (443,460) 290,338 --------- ------- ------- Reinvested capital gains .................... -- 509,013 17,163 --------- ------- ------- Net increase (decrease) in contract owners' equity resulting from operations .......... (1,107,770) 100,273 317,141 ========= ======= =======
StOpp2 NSATStrGro ---------------------------- ---------------------------------- 2001 2000 1999 2001 2000 1999 --------- ------ ------ ---------- --------- ------- Investment activity: Reinvested dividends ........................ $ 10,323 -- -- -- -- -- Mortality and expense risk charges (note 3) . (16,401) (167) -- (47,937) (13,902) (48) --------- ------ ------ ---------- --------- ------- Net investment income ...................... (6,078) (167) -- (47,937) (13,902) (48) --------- ------ ------ ---------- --------- ------- Proceeds from mutual funds shares sold ...... 2,388,305 43,639 -- 12,831,226 3,394,069 144,582 Cost of mutual fund shares sold ............. (2,888,159) (43,663) -- (18,121,879) (2,322,026) (125,833) --------- ------ ------ ---------- --------- ------- Realized gain (loss) on investments ........ (499,854) (24) -- (5,290,653) 1,072,043 18,749 Change in unrealized gain (loss) on investments ............................. 497,164 (31,559) -- 2,485,378 (681,644) 151,672 --------- ------ ------ ---------- --------- ------- Net gain (loss) on investments ............. (2,690) (31,583) -- (2,805,275) 390,399 170,421 --------- ------ ------ ---------- --------- ------- Reinvested capital gains .................... -- -- -- -- -- -- --------- ------ ------ ---------- --------- ------- Net increase (decrease) in contract owners' equity resulting from operations .......... $ (8,768) (31,750) -- (2,853,212) 376,497 170,373 ========= ====== ====== ========== ========= =======
NSATGFocTU ------------------------ 2001 2000 1999 ------- ------ ------ Investment activity: Reinvested dividends ........................ -- -- -- Mortality and expense risk charges (note 3) . (440) -- -- ------- ------ ------ Net investment income ...................... (440) -- -- ------- ------ ------ Proceeds from mutual funds shares sold ...... 269,224 -- -- Cost of mutual fund shares sold ............. (332,127) -- -- ------- ------ ------ Realized gain (loss) on investments ........ (62,903) -- -- Change in unrealized gain (loss) on investments ............................. (13,302) -- -- ------- ------ ------ Net gain (loss) on investments ............. (76,205) -- -- ------- ------ ------ Reinvested capital gains .................... -- -- -- ------- ------ ------ Net increase (decrease) in contract owners' equity resulting from operations .......... (76,645) -- -- ======= ====== ======
(Continued) 15 15 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF OPERATIONS, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
MSUEmMkt MSUMCapGr ---------------------------------- ------------------------------- 2001 2000 1999 2001 2000 1999 ----------- -------- ------- ---------- -------- ----- Investment activity: Reinvested dividends ........................ $ -- -- -- -- -- -- Mortality and expense risk charges (note 3) . (5,118) (440) (6) (1,889) (6) -- ----------- -------- ------- ---------- -------- ----- Net investment income ...................... (5,118) (440) (6) (1,889) (6) -- ----------- -------- ------- ---------- -------- ----- Proceeds from mutual funds shares sold ...... 9,398,754 496,119 41,666 802,719 263,466 -- Cost of mutual fund shares sold ............. (9,342,479) (465,395) (39,559) (1,057,565) (239,516) -- ----------- -------- ------- ---------- -------- ----- Realized gain (loss) on investments ........ 56,275 30,724 2,107 (254,846) 23,950 -- Change in unrealized gain (loss) on investments ............................. 160,546 24,341 34,614 88,578 (106) -- ----------- -------- ------- ---------- -------- ----- Net gain (loss) on investments ............. 216,821 55,065 36,721 (166,268) 23,844 -- ----------- -------- ------- ---------- -------- ----- Reinvested capital gains .................... -- -- -- -- -- -- ----------- -------- ------- ---------- -------- ----- Net increase (decrease) in contract owners' equity resulting from operations .......... $ 211,703 54,625 36,716 (168,157) 23,838 -- =========== ======== ======= ========== ======== =====
MSUUSRealE ------------------------------------ 2001 2000 1999 ---------- ---------- -------- Investment activity: Reinvested dividends ........................ -- 102,733 54,408 Mortality and expense risk charges (note 3) . (13,377) (663) (84) ---------- ---------- -------- Net investment income ...................... (13,377) 102,070 54,324 ---------- ---------- -------- Proceeds from mutual funds shares sold ...... 2,832,373 2,206,211 333,476 Cost of mutual fund shares sold ............. (2,768,430) (2,198,940) (329,440) ---------- ---------- -------- Realized gain (loss) on investments ........ 63,943 7,271 4,036 Change in unrealized gain (loss) on investments ............................. 711,428 205,617 52,143 ---------- ---------- -------- Net gain (loss) on investments ............. 775,371 212,888 56,179 ---------- ---------- -------- Reinvested capital gains .................... -- -- -- ---------- ---------- -------- Net increase (decrease) in contract owners' equity resulting from operations .......... 761,994 314,958 110,503 ========== ========== ========
VEWwEmgMkt VEWwHrdAst --------------------------------- ------------------------------- 2001 2000 1999 2001 2000 1999 --------- --------- ------- ------- --------- ------- Investment activity: Reinvested dividends ........................ $ -- -- -- 15,222 6,160 2,469 Mortality and expense risk charges (note 3) . (9,790) (785) (29) (2,397) (72) (273) --------- --------- ------- ------- --------- ------- Net investment income ...................... (9,790) (785) (29) 12,825 6,088 2,196 --------- --------- ------- ------- --------- ------- Proceeds from mutual funds shares sold ...... 3,869,240 5,437,049 262,457 470,616 1,717,656 167,248 Cost of mutual fund shares sold ............. (4,684,599) (5,118,394) (202,004) (474,273) (1,712,678) (152,099) --------- --------- ------- ------- --------- ------- Realized gain (loss) on investments ........ (815,359) 318,655 60,453 (3,657) 4,978 15,149 Change in unrealized gain (loss) on investments ............................. 759,552 (811,743) 195,905 (81,960) (17,376) 24,267 --------- --------- ------- ------- --------- ------- Net gain (loss) on investments ............. (55,807) (493,088) 256,358 (85,617) (12,398) 39,416 --------- --------- ------- ------- --------- ------- Reinvested capital gains .................... -- -- -- -- -- -- --------- --------- ------- ------- --------- ------- Net increase (decrease) in contract owners' equity resulting from operations .......... $ (65,597) (493,873) 256,329 (72,792) (6,310) 41,612 ========= ========= ======= ======= ========= =======
See accompanying notes to financial statements. 16 16 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
Total ACVPIncGr ------------------------------------------- ----------------------------------- 2001 2000 1999 2001 2000 1999 ------------- ------------- ----------- ---------- ---------- --------- Investment activity: Net investment income ....................... $ 16,811,409 8,821,520 2,465,797 207,124 74,395 (106) Realized gain (loss) on investments ......... (87,700,794) 15,228,650 495,408 (502,445) 16,427 54,435 Change in unrealized gain (loss) on investments ............................. (49,919,090) (25,741,208) 11,542,778 (780,440) (517,517) 194,869 Reinvested capital gains .................... 30,392,507 16,889,979 1,619,136 -- -- -- ------------- ------------- ----------- ---------- ---------- --------- Net increase (decrease) in contract owners' equity resulting from operations .......... (90,415,968) 15,198,941 16,123,119 (1,075,761) (426,695) 249,198 ------------- ------------- ----------- ---------- ---------- --------- Equity transactions: Purchase payments received from contract owners ............................ 567,496,032 396,524,115 156,401,203 8,027,075 4,880,230 512,140 Transfers between funds ..................... 42 -- -- 4,983,436 2,948,535 2,084,556 Surrenders .................................. (14,931,556) (4,999,527) (322,152) (377,786) (146,295) (3,296) Death benefits .............................. (1,225,117) 30,462 (44,682) (11,906) -- -- Policy loans (net of repayments) (note 5) ... (5,351,739) (4,348,375) (2,087,373) (15,279) (33,642) (89,687) Deductions for surrender charges (note 2d) .. 1,553,784 (616,957) (73,956) 43,085 (18,053) (757) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) .......................... (48,856,458) (26,219,991) (10,788,593) (891,526) (480,340) (108,640) Asset charges (note 3): FPVUL & VEL contracts ....................... -- (861,585) (332,433) -- (14,181) (4,382) MSP contracts ............................... -- (150,108) (16,462) -- (2,678) (285) SL contracts ................................ -- (70,259) (10,906) -- (2,166) (120) ------------- ------------- ----------- ---------- ---------- --------- Net equity transactions ..................... 498,684,988 359,287,775 142,724,646 11,757,099 7,131,410 2,389,529 ------------- ------------- ----------- ---------- ---------- --------- Net change in contract owners' equity ......... 408,269,020 374,486,716 158,847,765 10,681,338 6,704,715 2,638,727 Contract owners' equity beginning of period ................................... 1,414,892,441 648,293,593 107,989,704 25,030,230 12,134,845 1,235,436 ------------- ------------- ----------- ---------- ---------- --------- Contract owners' equity end of period ......... $1,823,161,461 1,022,780,309 266,837,469 35,711,568 18,839,560 3,874,163 ============= ============= =========== ========== ========== ========= CHANGES IN UNITS: Beginning units ............................. 116,096,849 50,045,344 9,506,248 2,108,572 874,749 97,382 ------------- ------------- ----------- ---------- ---------- --------- Units purchased ............................. 58,291,469 50,304,647 21,943,711 1,342,878 627,557 209,395 Units redeemed .............................. (13,303,644) (23,841,576) (9,691,685) (338,908) (53,584) (19,282) ------------- ------------- ----------- ---------- ---------- --------- Ending units ................................ 161,084,674 76,508,415 21,758,274 3,112,542 1,448,722 287,495 ============= ============= =========== ========== ========== =========
ACVPInt ------------------------------------- 2001 2000 1999 ---------- ---------- --------- Investment activity: Net investment income ....................... (47,380) 13,860 (328) Realized gain (loss) on investments ......... (13,395,111) 2,002,550 (7,110) Change in unrealized gain (loss) on investments ............................. (697,126) (4,821,209) 272,790 Reinvested capital gains .................... 4,068,852 445,799 -- ---------- ---------- --------- Net increase (decrease) in contract owners' equity resulting from operations .......... (10,070,765) (2,359,000) 265,352 ---------- ---------- --------- Equity transactions: Purchase payments received from contract owners ............................ 9,294,191 8,496,880 664,116 Transfers between funds ..................... 5,673,098 12,490,972 2,059,973 Surrenders .................................. (456,834) (66,234) (268) Death benefits .............................. (16,499) (239) (962) Policy loans (net of repayments) (note 5) ... (129,975) (102,825) (962) Deductions for surrender charges (note 2d) .. 52,223 (8,173) (61) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) .......................... (1,257,200) (617,950) (189,529) Asset charges (note 3): FPVUL & VEL contracts ....................... -- (27,743) (7,695) MSP contracts ............................... -- (3,234) (353) SL contracts ................................ -- (2,741) (42) ---------- ---------- --------- Net equity transactions ..................... 13,159,004 20,158,713 2,524,217 ---------- ---------- --------- Net change in contract owners' equity ......... 3,088,239 17,799,713 2,789,569 Contract owners' equity beginning of period ................................... 44,280,105 15,455,228 2,478,773 ---------- ---------- --------- Contract owners' equity end of period ......... 47,368,344 33,254,941 5,268,342 ========== ========== ========= CHANGES IN UNITS: Beginning units ............................. 3,063,338 830,394 209,297 ---------- ---------- --------- Units purchased ............................. 1,218,727 1,229,607 225,349 Units redeemed .............................. (159,298) (49,563) (16,635) ---------- ---------- --------- Ending units ................................ 4,122,767 2,010,438 418,011 ========== ========== =========
(Continued) 17 17 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
ACVPValue WPGIPVenCp --------------------------------------- ------------------------------------- 2001 2000 1999 2001 2000 1999 ------------ ---------- ---------- ---------- ---------- -------- Investment activity: Net investment income ....................... $ 87,975 28,359 8,804 (2,450) (477) (39) Realized gain (loss) on investments ......... 518,829 (209,586) 10,457 (167,604) 201,135 23,277 Change in unrealized gain (loss) on investments ............................. 221,456 44,924 32,019 (44,565) (165,651) 13,920 Reinvested capital gains .................... -- 74,870 85,768 -- -- -- ------------ ---------- ---------- ---------- ---------- -------- Net increase (decrease) in contract owners' equity resulting from operations .......... 828,260 (61,433) 137,048 (214,619) 35,007 37,158 ------------ ---------- ---------- ---------- ---------- -------- Equity transactions: Purchase payments received from contract owners ............................ 1,801,627 1,219,547 176,091 129,727 188,718 70,933 Transfers between funds ..................... 6,912,374 501,403 322,081 7,329 525,897 100,098 Surrenders .................................. (128,655) (95,479) (304) (14,549) (7,234) (219) Death benefits .............................. (34,116) -- -- (101) -- -- Policy loans (net of repayments) (note 5) ... (49,657) (2,233) (3,899) (31,632) (10,537) (673) Deductions for surrender charges (note 2d) .. 14,703 (11,782) (70) 1,664 (893) (50) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) .......................... (379,741) (103,772) (52,837) (30,711) (43,573) (15,534) Asset charges (note 3): FPVUL & VEL contracts ...................... -- (4,410) (2,095) -- (2,252) (704) MSP contracts .............................. -- (360) (19) -- (210) (10) SL contracts ............................... -- (273) (25) -- (245) (2) ------------ ---------- ---------- ---------- ---------- -------- Net equity transactions ................... 8,136,535 1,502,641 438,923 61,727 649,671 153,839 ------------ ---------- ---------- ---------- ---------- -------- Net change in contract owners' equity ......... 8,964,795 1,441,208 575,971 (152,892) 684,678 190,997 Contract owners' equity beginning of period ................................... 7,407,954 1,983,372 626,960 1,108,379 889,887 186,098 ------------ ---------- ---------- ---------- ---------- -------- Contract owners' equity end of period ......... $ 16,372,749 3,424,580 1,202,931 955,487 1,574,565 377,095 ============ ========== ========== ========== ========== ======== CHANGES IN UNITS: Beginning units ............................. 617,384 193,386 59,864 200,517 102,845 66,036 ------------ ---------- ---------- ---------- ---------- -------- Units purchased ............................. 741,632 191,501 50,825 49,886 58,119 25,198 Units redeemed .............................. (84,589) (36,042) (7,490) (24,886) (6,632) (28,789) ------------ ---------- ---------- ---------- ---------- -------- Ending units ................................ 1,274,427 348,845 103,199 225,517 154,332 62,445 ============ ========== ========== ========== ========== ========
WPIntEq -------------------------------------- 2001 2000 1999 ---------- ---------- ---------- Investment activity: Net investment income ....................... (4,454) (599) (9) Realized gain (loss) on investments ......... (948,220) 148,965 17,988 Change in unrealized gain (loss) on investments ............................. 638,235 (360,838) 53,595 Reinvested capital gains .................... -- -- -- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations .......... (314,439) (212,472) 71,574 ---------- ---------- ---------- Equity transactions: Purchase payments received from contract owners ............................ 203,324 269,598 160,783 Transfers between funds ..................... (300,718) 440,364 475,685 Surrenders .................................. (64,067) (20,713) (259) Death benefits .............................. (114) -- -- Policy loans (net of repayments) (note 5) ... (10,011) (10,606) (1,648) Deductions for surrender charges (note 2d) .. 7,329 (2,556) (60) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) .......................... (65,794) (84,918) (47,012) Asset charges (note 3): FPVUL & VEL contracts ...................... -- (4,731) (1,967) MSP contracts .............................. -- (430) (86) SL contracts ............................... -- (499) (102) ---------- ---------- ---------- Net equity transactions ................... (230,051) 585,509 585,334 ---------- ---------- ---------- Net change in contract owners' equity ......... (544,490) 373,037 656,908 Contract owners' equity beginning of period ................................... 2,424,442 2,285,681 598,023 ---------- ---------- ---------- Contract owners' equity end of period ......... 1,879,952 2,658,718 1,254,931 ========== ========== ========== CHANGES IN UNITS: Beginning units ............................. 210,354 141,958 56,767 ---------- ---------- ---------- Units purchased ............................. 29,395 50,348 59,987 Units redeemed .............................. (48,644) (7,835) (4,853) ---------- ---------- ---------- Ending units ................................ 191,105 184,471 111,901 ========== ========== ==========
18 18 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
WPValue DrySRGr ------------------------------------- ---------------------------------------- 2001 2000 1999 2001 2000 1999 ----------- ---------- -------- ----------- ----------- ---------- Investment activity: Net investment income ....................... $ (5,873) (1,072) (483) (41,211) (336) (99) Realized gain (loss) on investments ......... 60,883 14,441 (13,264) (596,231) 159,804 12,751 Change in unrealized gain (loss) on investments ............................. 20,896 (15,349) 101,373 (2,117,573) 247,896 279,024 Reinvested capital gains .................... -- -- -- -- -- -- ----------- ---------- -------- ----------- ----------- ---------- Net increase (decrease) in contract owners' equity resulting from operations .......... 75,906 (1,980) 87,626 (2,755,015) 407,364 291,676 ----------- ---------- -------- ----------- ----------- ---------- Equity transactions: Purchase payments received from contract owners ............................ 152,690 204,386 187,821 5,335,671 2,576,367 832,645 Transfers between funds ..................... 291,988 425,146 (195,661) 1,937,813 2,900,985 1,226,600 Surrenders .................................. (17,214) (1,356) (180) (288,593) (39,840) (1,662) Death benefits .............................. -- -- -- (17,845) 18,054 -- Policy loans (net of repayments) (note 5) ... (5,583) (15,587) -- (77,403) (86,551) (3,215) Deductions for surrender charges (note 2d) .. 1,969 (167) (41) 29,883 (4,916) (381) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) .......................... (77,430) (64,765) (29,377) (1,015,612) (574,232) (169,150) Asset charges (note 3): FPVUL & VEL contracts ...................... -- (1,953) (1,132) -- (21,326) (5,631) MSP contracts .............................. -- (190) (7) -- (1,627) (150) SL contracts ............................... -- (289) (11) -- (1,077) (64) ----------- ---------- -------- ----------- ----------- ---------- Net equity transactions .................. 346,420 545,225 (38,588) 5,903,914 4,765,837 1,878,992 ----------- ---------- -------- ----------- ----------- ---------- Net change in contract owners' equity ......... 422,326 543,245 49,038 3,148,899 5,173,201 2,170,668 Contract owners' equity beginning of period .................................... 2,434,534 1,165,641 719,928 16,486,408 8,500,092 1,371,928 ----------- ---------- -------- ----------- ----------- ---------- Contract owners' equity end of period ......... $ 2,856,860 1,708,886 768,966 19,635,307 13,673,293 3,542,596 =========== ========== ======== =========== =========== ========== CHANGES IN UNITS: Beginning units ............................. 80,230 51,860 17,619 1,132,559 509,172 106,093 ----------- ---------- -------- ----------- ----------- ---------- Units purchased ............................. 18,221 40,812 16,866 644,164 346,848 154,844 Units redeemed .............................. (10,676) (3,458) (2,761) (168,616) (45,257) (16,358) ----------- ---------- -------- ----------- ----------- ---------- Ending units ................................ 87,775 89,214 31,724 1,608,107 810,763 244,579 =========== ========== ======== =========== =========== ==========
DryStkIx ------------------------------------------- 2001 2000 1999 ------------ ------------ ----------- Investment activity: Net investment income ....................... 817,039 643,083 178,021 Realized gain (loss) on investments ......... (3,602,269) 2,581,191 29,703 Change in unrealized gain (loss) on investments ............................. (13,802,186) (3,016,509) 2,927,568 Reinvested capital gains .................... 43,790 168,748 117,757 ------------ ------------ ----------- Net increase (decrease) in contract owners' equity resulting from operations .......... (16,543,626) 376,513 3,253,049 ------------ ------------ ----------- Equity transactions: Purchase payments received from contract owners ............................ 44,851,716 29,080,494 6,615,300 Transfers between funds ..................... (1,037,416) 27,911,305 20,648,078 Surrenders .................................. (1,765,045) (595,139) (45,916) Death benefits .............................. (369,335) 13,904 (5,779) Policy loans (net of repayments) (note 5) ... (586,617) (291,193) (49,573) Deductions for surrender charges (note 2d) .. 195,405 (73,442) (10,541) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) .......................... (6,172,433) (3,880,162) (1,371,572) Asset charges (note 3): FPVUL & VEL contracts ...................... -- (126,887) (49,022) MSP contracts .............................. -- (21,350) (2,060) SL contracts ............................... -- (9,942) (623) ------------ ------------ ----------- Net equity transactions .................. 35,116,275 52,007,588 25,728,292 ------------ ------------ ----------- Net change in contract owners' equity ......... 18,572,649 52,384,101 28,981,341 Contract owners' equity beginning of period .................................... 231,961,839 121,419,884 14,374,570 ------------ ------------ ----------- Contract owners' equity end of period ......... 250,534,488 173,803,985 43,355,911 ============ ============ =========== CHANGES IN UNITS: Beginning units ............................. 18,907,653 8,707,267 1,136,754 ------------ ------------ ----------- Units purchased ............................. 3,698,998 4,384,265 2,122,913 Units redeemed .............................. (865,059) (417,598) (116,668) ------------ ------------ ----------- Ending units ................................ 21,741,592 12,673,934 3,142,999 ============ ============ ===========
(Continued) 19 19 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
DryEuroEq NSATMidCap -------------------------------- ------------------------------------- 2001 2000 1999 2001 2000 1999 ----------- -------- ----- ----------- ---------- -------- Investment activity: Net investment income ....................... $ (2,157) (282) -- 12,439 4,912 796 Realized gain (loss) on investments ......... (246,801) (165) -- (224,789) 88,288 2,397 Change in unrealized gain (loss) on investments ............................. (175,393) (23,409) -- 571,385 (217) 38,426 Reinvested capital gains .................... -- 23,556 -- -- -- -- ----------- -------- ----- ----------- ---------- -------- Net increase (decrease) in contract owners' equity resulting from operations .......... (424,351) (300) -- 359,035 92,983 41,619 ----------- -------- ----- ----------- ---------- -------- Equity transactions: Purchase payments received from contract owners ............................ 800,388 38,382 -- 2,365,115 449,868 23,407 Transfers between funds ..................... (12,899) 768,823 -- 4,850,175 1,244,844 96,171 Surrenders .................................. (10,567) -- -- (36,090) (142) (10) Death benefits .............................. -- -- -- (2,128) -- -- Policy loans (net of repayments) (note 5) ... (496) (10) -- (15,396) 1,751 -- Deductions for surrender charges (note 2d) .. 1,199 -- -- 4,129 (17) (2) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) .......................... (66,995) (10,115) -- (381,981) (43,500) (14,645) Asset charges (note 3): FPVUL & VEL contracts ...................... -- (444) -- -- (2,079) (867) MSP contracts .............................. -- (26) -- -- (357) (6) SL contracts ............................... -- (99) -- -- (59) (8) ----------- -------- ----- ----------- ---------- -------- Net equity transactions .................. 710,630 796,511 -- 6,783,824 1,650,309 104,040 ----------- -------- ----- ----------- ---------- -------- Net change in contract owners' equity ......... 286,279 796,211 -- 7,142,859 1,743,292 145,659 Contract owners' equity beginning of period .................................... 1,459,019 134,673 -- 6,706,080 820,346 298,717 ----------- -------- ----- ----------- ---------- -------- Contract owners' equity end of period ......... $ 1,745,298 930,884 -- 13,848,939 2,563,638 444,376 =========== ======== ===== =========== ========== ======== CHANGES IN UNITS: Beginning units ............................. 115,223 10,415 -- 447,279 61,224 26,958 ----------- -------- ----- ----------- ---------- -------- Units purchased ............................. 89,603 63,600 -- 593,301 127,132 10,629 Units redeemed .............................. (31,555) (3,713) -- (106,609) (3,763) (1,378) ----------- -------- ----- ----------- ---------- -------- Ending units ................................ 173,271 70,302 -- 933,971 184,593 36,209 =========== ======== ===== =========== ========== ========
DryVApp ---------------------------------------- 2001 2000 1999 ----------- ----------- ---------- Investment activity: Net investment income ....................... (58,915) (26,129) (3,787) Realized gain (loss) on investments ......... (388,127) 134,569 19,961 Change in unrealized gain (loss) on investments ............................. (909,033) 745,226 389,360 Reinvested capital gains .................... -- -- -- ----------- ----------- ---------- Net increase (decrease) in contract owners' equity resulting from operations .......... (1,356,075) 853,666 405,534 ----------- ----------- ---------- Equity transactions: Purchase payments received from contract owners ............................ 5,826,856 7,390,144 1,038,097 Transfers between funds ..................... 1,728,901 1,032,936 5,451,223 Surrenders .................................. (538,498) (30,647) (422) Death benefits .............................. (40,409) -- -- Policy loans (net of repayments) (note 5) ... (40,503) (35,082) (13,901) Deductions for surrender charges (note 2d) .. 61,385 (3,782) (97) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) .......................... (806,570) (587,615) (230,341) Asset charges (note 3): FPVUL & VEL contracts ...................... -- (15,860) (6,124) MSP contracts .............................. -- (2,599) (531) SL contracts ............................... -- (524) (205) ----------- ----------- ---------- Net equity transactions .................. 6,191,162 7,746,971 6,237,699 ----------- ----------- ---------- Net change in contract owners' equity ......... 4,835,087 8,600,637 6,643,233 Contract owners' equity beginning of period .................................... 32,278,418 18,925,797 1,548,425 ----------- ----------- ---------- Contract owners' equity end of period ......... 37,113,505 27,526,434 8,191,658 =========== =========== ========== CHANGES IN UNITS: Beginning units ............................. 2,588,042 1,466,981 120,461 ----------- ----------- ---------- Units purchased ............................. 638,177 756,636 535,008 Units redeemed .............................. (80,044) (100,019) (19,633) ----------- ----------- ---------- Ending units ................................ 3,146,175 2,123,598 635,836 =========== =========== ==========
20 20 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
FedQualBd2 NSATEqInc ------------------------------------ ------------------------------------ 2001 2000 1999 2001 2000 1999 ------------ ----------- ----- ---------- ---------- -------- Investment activity: Net investment income ....................... $ 1,404,022 270,747 -- 16,761 4,716 779 Realized gain (loss) on investments ......... 438,752 32,807 -- (34,632) 33,907 4,191 Change in unrealized gain (loss) on investments ............................. 37,655 607,373 -- (243,517) (12,135) 26,837 Reinvested capital gains .................... 147,643 -- -- -- -- 202 ------------ ----------- ----- ---------- ---------- -------- Net increase (decrease) in contract owners' equity resulting from operations ......... 2,028,072 910,927 -- (261,388) 26,488 32,009 ------------ ----------- ----- ---------- ---------- -------- Equity transactions: Purchase payments received from contract owners ............................ 5,069,826 5,330,864 -- 901,328 124,596 41,817 Transfers between funds ..................... 11,339,123 13,190,414 1,849 1,458,807 675,922 128,384 Surrenders .................................. (12,529) -- -- (44,327) (4,679) (28) Death benefits .............................. (23,084) -- -- (4,094) -- -- Policy loans (net of repayments) (note 5) ... (9,947) (1,402) -- (7,165) (16,816) -- Deductions for surrender charges (note 2d) .. 1,433 -- -- 5,061 (577) (7) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) .......................... (771,806) (192,865) -- (138,231) (54,152) (17,229) Asset charges (note 3): FPVUL & VEL contracts ...................... -- (507) -- -- (2,089) (696) MSP contracts .............................. -- (235) -- -- (267) (1) SL contracts ............................... -- (78) -- -- (251) (13) ------------ ----------- ----- ---------- ---------- -------- Net equity transactions .................. 15,593,016 18,326,191 1,849 2,171,379 721,687 152,227 ------------ ----------- ----- ---------- ---------- -------- Net change in contract owners' equity ......... 17,621,088 19,237,118 1,849 1,909,991 748,175 184,236 Contract owners' equity beginning of period ................................... 52,409,480 11,183,320 -- 2,169,612 921,674 244,014 ------------ ----------- ----- ---------- ---------- -------- Contract owners' equity end of period ......... $ 70,030,568 30,420,438 1,849 4,079,603 1,669,849 428,250 ============ =========== ===== ========== ========== ======== CHANGES IN UNITS: Beginning units ............................. 4,818,737 1,133,916 -- 180,572 67,642 21,211 ------------ ----------- ----- ---------- ---------- -------- Units purchased ............................. 1,422,957 1,882,990 187 226,317 62,150 14,695 Units redeemed .............................. (25,229) (24,142) -- (15,032) (6,692) (2,041) ------------ ----------- ----- ---------- ---------- -------- Ending units ................................ 6,216,465 2,992,764 187 391,857 123,100 33,865 ============ =========== ===== ========== ========== ========
NSATHIncBd --------------------------------------- 2001 2000 1999 ----------- ---------- ---------- Investment activity: Net investment income ....................... 730,318 463,149 51,011 Realized gain (loss) on investments ......... (561,329) (176,664) 1,047 Change in unrealized gain (loss) on investments ............................. 123,282 (422,277) (26,063) Reinvested capital gains .................... -- -- 645 ----------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ......... 292,271 (135,792) 26,640 ----------- ---------- ---------- Equity transactions: Purchase payments received from contract owners ............................ 961,739 1,263,681 193,498 Transfers between funds ..................... (368,078) 688,769 277,035 Surrenders .................................. (9,756) (7,540) (247) Death benefits .............................. -- (242) -- Policy loans (net of repayments) (note 5) ... (17,252) (26,589) (287) Deductions for surrender charges (note 2d) .. 1,104 (931) (57) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) .......................... (206,811) (129,604) (44,247) Asset charges (note 3): FPVUL & VEL contracts ...................... -- (2,742) (1,707) MSP contracts .............................. -- (430) (184) SL contracts ............................... -- (31) (2) ----------- ---------- ---------- Net equity transactions .................. 360,946 1,784,341 423,802 ----------- ---------- ---------- Net change in contract owners' equity ......... 653,217 1,648,549 450,442 Contract owners' equity beginning of period ................................... 15,363,078 8,168,286 971,017 ----------- ---------- ---------- Contract owners' equity end of period ......... 16,016,295 9,816,835 1,421,459 =========== ========== ========== CHANGES IN UNITS: Beginning units ............................. 1,660,401 805,022 92,454 ----------- ---------- ---------- Units purchased ............................. 173,285 229,360 54,645 Units redeemed .............................. (148,027) (48,644) (15,272) ----------- ---------- ---------- Ending units ................................ 1,685,659 985,738 131,827 =========== ========== ==========
21 21 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
FidVEqInS FidVGrS ------------------------------------ ----------------------------------- 2001 2000 1999 2001 2000 1999 ---- ---- ---- ---- ---- ---- Investment activity: Net investment income ................. $ 391,920 270,884 96,185 (198,846) 3,073 7,592 Realized gain (loss) on investments ... (206,287) (129,243) 23,699 (7,215,505) 669,234 58,662 Change in unrealized gain (loss) on investments ...................... (1,806,580) (1,557,513) 671,783 (8,486,185) (3,155,891) 396,062 Reinvested capital gains .............. 1,383,058 1,063,019 214,564 6,737,804 5,556,689 543,154 ------------ ---------- ---------- ----------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations .......................... (237,889) (352,853) 1,006,231 (9,162,732) 3,073,105 1,005,470 ------------ ---------- ---------- ----------- ---------- ---------- Equity transactions: Purchase payments received from contract owners ...................... 5,946,284 3,993,529 1,566,458 20,728,248 18,575,862 2,261,598 Transfers between funds ............... 14,093,623 2,723,827 3,062,490 (3,996,721) 17,620,210 6,908,299 Surrenders ............................ (474,181) (149,204) (42,023) (1,593,133) (241,037) (16,552) Death benefits ........................ (123,713) (6,617) - (48,073) (2,397) - Policy loans (net of repayments) (note 5) ............................ (79,991) (234,587) (16,338) (266,650) (330,794) (31,688) Deductions for surrender charges (note 2d) ........................... 51,324 (18,412) (9,647) 175,912 (29,745) (3,800) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ................... (1,363,727) (722,256) (473,507) (3,599,970) (2,171,140) (520,435) Asset charges (note 3): FPVUL & VEL contracts ............... - (30,710) (17,897) - (76,791) (16,801) MSP contracts ....................... - (1,812) (189) - (10,608) (760) SL contracts ........................ - (2,792) (584) - (5,332) (425) ------------ ---------- ---------- ----------- ---------- ---------- Net equity transactions ............. 18,049,619 5,550,966 4,068,763 11,399,613 33,328,228 8,579,436 ------------ ---------- ---------- ----------- ---------- ---------- Net change in contract owners' equity 17,811,730 5,198,113 5,074,994 2,236,881 36,401,333 9,584,906 Contract owners' equity beginning of period ............................. 28,612,353 16,041,167 5,769,362 99,536,403 42,427,286 3,567,895 ------------ ---------- ---------- ----------- ---------- ---------- Contract owners' equity end of period $ 46,424,083 21,239,280 10,844,356 101,773,284 78,828,619 13,152,801 ============ ========== ========== =========== ========== ========== CHANGES IN UNITS: Beginning units ...................... 2,297,584 1,374,484 517,910 6,561,226 2,322,709 256,014 ------------ ---------- ---------- ----------- ---------- ---------- Units purchased ...................... 1,714,407 660,709 399,865 1,553,057 2,126,664 622,734 Units redeemed ....................... (145,588) (134,931) (48,873) (769,050) (153,218) (39,940) ------------ ---------- ---------- ----------- ---------- ---------- Ending units ......................... 3,866,403 1,900,262 868,902 7,345,233 4,296,155 838,808 ============ ========== ========== =========== ========== ==========
FidVHiInS ------------------------------------ 2001 2000 1999 ---- ---- ---- Investment activity: Net investment income .............. 1,945,058 701,608 364,817 Realized gain (loss) on investments (2,625,465) (102,180) (46,137) Change in unrealized gain (loss) on investments ..................... (1,056,577) (1,338,470) (20,396) Reinvested capital gains ............ - - 13,640 ---------- ---------- --------- Net increase (decrease) in contract owners' equity resulting from operations ....................... (1,736,984) (739,042) 311,924 ---------- ---------- --------- Equity transactions: Purchase payments received from contract owners .................. 4,365,101 5,239,754 705,210 Transfers between funds ............ 2,716,085 3,951,672 1,419,320 Surrenders ......................... (164,996) (451,963) (8,278) Death benefits ..................... (15,905) - (3,510) Policy loans (net of repayments) (note 5) ......................... (50,755) (44,476) (3,888) Deductions for surrender charges (note 2d) ........................ 18,864 (55,774) (1,901) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ................ (457,866) (323,647) (203,503) Asset charges (note 3): FPVUL & VEL contracts ............. - (11,457) (7,794) MSP contracts ..................... - (1,783) (286) SL contracts ...................... - (1,373) (147) ---------- ---------- --------- Net equity transactions ........ 6,410,528 8,300,953 1,895,223 ---------- ---------- --------- Net change in contract owners' equity ........................... 4,673,544 7,561,911 2,207,147 Contract owners' equity beginning of period ........................ 14,195,423 9,103,964 3,524,476 ---------- ---------- --------- Contract owners' equity end of period ........................ 18,868,967 16,665,875 5,731,623 ========== ========== ========= CHANGES IN UNITS: Beginning units .................... 1,807,889 895,631 368,766 ---------- ---------- --------- Units purchased .................... 924,217 955,735 211,558 Units redeemed ..................... (123,519) (117,506) (24,124) ---------- ---------- --------- Ending units ....................... 2,608,587 1,733,860 556,200 ========== ========== =========
22 22 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
FidVOvSeS FidVConS ------------------------------------- ----------------------------------------- 2001 2000 1999 2001 2000 1999 ---- ---- ---- ---- ---- ---- Investment activity: Net investment income .................. $ 1,170,701 195,927 17,780 199,313 83,078 26,432 Realized gain (loss) on investments .. (5,502,844) (5,388) 94,235 (4,097,421) 238,669 47,162 Change in unrealized gain (loss) on investments ..................... (999,893) (2,371,398) 215,378 (2,700,827) (4,058,941) 538,717 Reinvested capital gains ............. 1,957,820 1,409,432 34,048 1,230,579 3,401,735 195,897 ------------ ---------- --------- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ....................... (3,374,216) (771,427) 361,441 (5,368,356) (335,459) 808,208 ------------ ---------- --------- ---------- ---------- ---------- Equity transactions: Purchase payments received from contract owners .................... 7,748,753 5,972,565 263,487 9,344,135 6,356,018 2,006,414 Transfers between funds .............. 1,267,832 5,696,777 3,449,111 5,554,262 9,171,009 4,828,912 Surrenders ........................... (320,193) (36,749) (134) (624,347) (194,316) (13,617) Death benefits ....................... (28,248) (9,309) - (45,364) (8,967) (3,073) Policy loans (net of repayments) (note 5) ........................... (43,753) (49,578) (3,333) (247,641) (176,404) (9,438) Deductions for surrender charges (note 2d) .......................... 36,609 (4,535) (31) 69,458 (23,979) (3,126) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) .................. (723,229) (420,955) (105,852) (2,165,201) (1,319,752) (467,740) Asset charges (note 3): FPVUL & VEL contracts ................ - (12,353) (3,446) - (52,628) (17,574) MSP contracts ........................ - (4,092) (133) - (6,000) (429) SL contracts ......................... - (1,077) (134) - (2,112) (171) ------------ ---------- --------- ---------- ---------- ---------- Net equity transactions ................ 7,937,771 11,130,694 3,599,535 11,885,302 13,742,869 6,320,158 ------------ ---------- --------- ---------- ---------- ---------- Net change in contract owners' equity .. 4,563,555 10,359,267 3,960,976 6,516,946 13,407,410 7,128,366 Contract owners' equity beginning of period ............................ 24,323,563 13,105,151 1,074,715 47,371,947 24,600,286 4,744,546 ------------ ---------- --------- ---------- ---------- ---------- Contract owners' equity end of period .. $ 28,887,118 23,464,418 5,035,691 53,888,893 38,007,696 11,872,912 ============ ========== ========= ========== ========== ========== CHANGES IN UNITS: Beginning units ...................... 2,097,033 897,019 95,893 3,295,764 1,555,137 365,486 ------------ ---------- --------- ---------- ---------- ---------- Units purchased ...................... 808,961 870,697 366,551 1,141,546 1,056,148 501,631 Units redeemed ....................... (76,898) (47,073) (10,312) (227,836) (116,794) (38,579) ------------ ---------- --------- ---------- ---------- ---------- Ending units ......................... 2,829,096 1,720,643 452,132 4,209,474 2,494,491 828,538 ============ ========== ========= ========== ========== ==========
FidVGrOpS -------------------------------------- 2001 2000 1999 ---- ---- ---- Investment activity: Net investment income .................. 1,405 121,630 27,937 Realized gain (loss) on investments... (1,163,226) 46,745 9,733 Change in unrealized gain (loss) on investments ..................... (96,696) (1,175,929) 237,759 Reinvested capital gains ............. - 662,022 55,207 ---------- ---------- --------- Net increase (decrease) in contract owners' equity resulting from operations ......................... (1,258,517) (345,532) 330,636 ---------- ---------- --------- Equity transactions: Purchase payments received from contract owners ...................... 2,353,065 2,248,241 1,032,001 Transfers between funds .............. 1,308,939 1,226,971 2,700,468 Surrenders ........................... (165,027) (34,444) (11,730) Death benefits ....................... (12,750) (6,863) (5,534) Policy loans (net of repayments) (note 5) ............................. (78,550) (41,756) (3,328) Deductions for surrender charges (note 2d) ............................ 18,294 (4,251) (2,693) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) Asset charges (note 3): .............. (641,901) (477,525) (219,814) FPVUL & VEL contracts ................ - (18,987) (8,628) MSP contracts ........................ - (1,587) (465) SL contracts ......................... - (1,510) (656) ---------- ---------- --------- Net equity transactions ............ 2,782,070 2,888,289 3,479,621 ---------- ---------- --------- Net change in contract owners' equity 1,523,553 2,542,757 3,810,257 Contract owners' equity beginning of period ............................ 14,159,293 10,194,072 2,419,614 ---------- ---------- --------- Contract owners' equity end of period .. 15,682,846 12,736,829 6,229,871 ========== ========== ========= CHANGES IN UNITS: Beginning units ...................... 1,359,801 798,468 194,457 ---------- ---------- --------- Units purchased ...................... 425,558 356,987 307,683 Units redeemed ....................... (114,716) (112,117) (25,503) ---------- ---------- --------- Ending units ......................... 1,670,643 1,043,338 476,637 ========== ========== =========
(Continued) 23 23 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
NSATEmmMGM NSATGTecGM --------------------------------- -------------------------------- 2001 2000 1999 2001 2000 1999 ---- ---- ---- ---- ---- ---- Investment activity: Net investment income ............... $ 141 - - 94 - - Realized gain (loss) on investments . (10,709) - - (13,372) - - Change in unrealized gain (loss) on investments .................... (5,611) - - (10,854) - - Reinvested capital gains ............ - - - - - - --------- ------ ------ ------- ------ ------ Net increase (decrease) in contract owners' equity resulting from operations ........................ (16,179) - - (24,132) - - --------- ------ ------ ------- ------ ------ Equity transactions: Purchase payments received from contract owners ................... 26,654 - - 21,956 - - Transfers between funds ............. 356,853 - - 120,823 - - Surrenders .......................... (15) - - (3) - - Death benefits ...................... - - - - - - Policy loans (net of repayments) (note 5) .......................... (345) - - - - - Deductions for surrender charges (note 2d) ......................... 2 - - - - - Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ................. (8,135) - - (3,573) - - Asset charges (note 3): FPVUL & VEL contracts ............. - - - - - - MSP contracts ..................... - - - - - - SL contracts ...................... - - - - - - --------- ------- ------- -------- ------- ------- Net equity transactions ......... 375,014 - - 139,203 - - --------- ------- ------- -------- ------- ------- Net change in contract owners' equity 358,835 - - 115,071 - - Contract owners' equity beginning of period ......................... 20,831 - - 24,947 - - --------- ------ ------ ------- ------ ------ Contract owners' equity end of period $ 379,666 - - 140,018 - - ========= ====== ====== ======= ====== ====== CHANGES IN UNITS: Beginning units ..................... 2,391 - - 91,498 - - --------- ------ ------ ------- ------ ------ Units purchased ..................... 41,358 - - 154,178 - - Units redeemed ...................... (1,021) - - (18,763) - - --------- ------ ------ ------- ------ ------ Ending units ........................ 42,728 - - 226,913 - - ========= ====== ====== ======= ====== ======
NSATIntGGM -------------------------------------- 2001 2000 1999 ---- ---- ---- Investment activity: Net investment income ............... (1,507) - - Realized gain (loss) on investments . (203,047) - - Change in unrealized gain (loss) on investments .................... 17,725 - - Reinvested capital gains ............ - - - -------- -------- ------- Net increase (decrease) in contract owners' equity resulting from operations ........................ (186,829) - - -------- -------- ------- Equity transactions: Purchase payments received from contract owners ................... 140,088 - - Transfers between funds ............. 510,352 - - Surrenders .......................... (705) - - Death benefits ...................... - - - Policy loans (net of repayments) (note 5) .......................... (4,464) - - Deductions for surrender charges (note 2d) ......................... 81 - - Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ................. (41,363) - - Asset charges (note 3): FPVUL & VEL contracts ............. - - - MSP contracts ..................... - - - SL contracts ...................... - - - ------- -------- ------- Net equity transactions ............. 603,989 - - ------- -------- ------- Net change in contract owners' equity 417,160 - - Contract owners' equity beginning of period ......................... 550,602 - - ------- -------- ------- Contract owners' equity end of period 967,762 - - ======= ======== ======= CHANGES IN UNITS: Beginning units ..................... 2,697 - - ------- -------- ------- Units purchased ..................... 16,592 - - Units redeemed ...................... (441) - - ------- -------- ------- Ending units ........................ 18,848 - - ======= ======== =======
24 24 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
NSATBal JanACapApS --------------------------------------- ---------------------------------- 2001 2000 1999 2001 2000 1999 ---- ---- ---- ---- ---- ---- Investment activity: Net investment income ............... $ 94,327 88,805 25,226 148,958 3,404 - Realized gain (loss) on investments . (45,035) 53,362 4,985 (2,785,076) 596 - Change in unrealized gain (loss) on investments .................... (129,490) 43,492 51,109 (1,033,899) (483,525) - Reinvested capital gains ............ - - 24 - - - --------- --------- --------- --------- --------- -------- Net increase (decrease) in contract owners' equity resulting from operations ........................ (80,198) 185,659 81,344 (3,670,017) (479,525) - --------- --------- --------- --------- --------- -------- Equity transactions: Purchase payments received from contract owners ................... 1,904,729 785,575 283,243 5,388,492 1,432,701 - Transfers between funds ............. 2,979,058 2,238,788 736,828 9,228,696 8,796,661 - Surrenders .......................... (56,273) (58,259) (2,842) (57,509) (10,876) - Death benefits ...................... (929) - - (52,508) - - Policy loans (net of repayments) (note 5) .......................... (28,624) (11,658) (1,766) (60,400) (33,404) - Deductions for surrender charges (note 2d) ......................... 6,437 (7,189) (652) 5,995 (1,342) - Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ................. (276,622) (131,283) (72,021) (1,177,870) (162,848) - Asset charges (note 3): FPVUL & VEL contracts ............. - (4,811) (2,474) - (6,939) - MSP contracts ..................... - (1,193) (166) - (686) - SL contracts ...................... - (805) (134) - (190) - --------- --------- --------- --------- --------- -------- Net equity transactions ............. 4,527,776 2,809,165 940,016 13,274,896 10,013,077 - --------- --------- --------- --------- --------- -------- Net change in contract owners' equity 4,447,578 2,994,824 1,021,360 9,604,879 9,533,552 - Contract owners' equity beginning of period ......................... 6,798,298 3,483,413 731,439 22,182,258 - - --------- --------- --------- --------- --------- -------- Contract owners' equity end of period $ 11,245,876 6,478,237 1,752,799 31,787,137 9,533,552 - ============ ========= ========= ========== ========= ======== CHANGES IN UNITS: Beginning units ..................... 648,063 327,982 67,709 2,695,290 - - --------- --------- --------- --------- --------- -------- Units purchased ..................... 477,883 308,411 96,078 2,002,789 1,009,814 - Units redeemed ...................... (29,715) (32,564) (10,031) (222,650) (24,511) - --------- --------- --------- --------- --------- -------- Ending units ........................ 1,096,231 603,829 153,756 4,475,429 985,303 - ============ ========= ========= ========== ========= ========
JanAGlTchS --------------------------------------------------- 2001 2000 1999 ---- ---- ---- Investment activity: Net investment income ............... 65,768 (844) - Realized gain (loss) on investments . (4,023,452) (25,371) - Change in unrealized gain (loss) on investments .................... (697,396) (454,800) - Reinvested capital gains ............ - - - ---------- ----------- ------- Net increase (decrease) in contract owners' equity resulting from operations ........................ (4,655,080) (481,015) - ---------- ----------- ------- Equity transactions: Purchase payments received from contract owners ................... 4,765,034 2,311,477 - Transfers between funds ............. 1,264,237 11,490,449 - Surrenders .......................... (113,450) (7,387) - Death benefits ...................... (163) - - Policy loans (net of repayments) (note 5) .......................... (88,109) (21,467) - Deductions for surrender charges (note 2d) ......................... 12,971 (912) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ................. (811,385) (217,644) - Asset charges (note 3): FPVUL & VEL contracts ............. - (8,487) - MSP contracts ..................... - (1,768) - SL contracts ...................... - (149) - ---------- ----------- --------- Net equity transactions ............. 5,029,135 13,544,112 - ---------- ----------- --------- Net change in contract owners' equity 374,055 13,063,097 - Contract owners' equity beginning of period ......................... 15,657,912 - - ---------- ---------- ---------- Contract owners' equity end of period 16,031,967 13,063,097 - ========== ========== ========== CHANGES IN UNITS: Beginning units 2,380,162 - - ---------- ----------- --------- Units purchased 1,197,036 1,359,487 - Units redeemed (284,728) (27,561) - ---------- ----------- --------- Ending units 3,292,470 1,331,926 - ========== ========== =========
(Continued) 25 25 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
JanAIntGrS NSATMSecBd ---------------------------------- ----------------------------------------- 2001 2000 1999 2001 2000 1999 ---- ---- ---- ---- ---- ---- Investment activity: Net investment income ............... $ 112,726 (1,131) -- 885,007 583,113 75,574 Realized gain (loss) on investments . (4,550,843) 17,201 -- (34,891) (45,071) 356 Change in unrealized gain (loss) on investments .................... 522,827 (606,421) -- (770,095) (100,407) (99,986) Reinvested capital gains ............ -- -- -- -- -- -- ------------ --------- ------ ---------- ---------- --------- Net increase (decrease) in contract owners' equity resulting from operations ........................ (3,915,290) (590,351) -- 80,021 437,635 (24,056) ------------ --------- ------ ---------- ---------- --------- Equity transactions: Purchase payments received from contract owners ................... 7,389,999 976,080 -- 9,125,841 6,464,721 238,893 Transfers between funds ............. 10,281,493 8,799,640 -- 672,419 2,282,262 2,330,900 Surrenders .......................... (112,224) (10,798) -- (84,332) (5,812) (133) Death benefits ...................... (2,724) (930) -- (10,445) -- (2,397) Policy loans (net of repayments) (note 5) .......................... (67,462) 466 -- (50,437) (6,421) (3,443) Deductions for surrender charges (note 2d) ......................... 12,829 (1,333) -- 9,023 (717) (31) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ................. (973,745) (128,136) -- (397,274) (208,047) (61,726) Asset charges (note 3): FPVUL & VEL contracts .............. -- (5,657) -- -- (3,854) (2,092) MSP contracts ...................... -- (463) -- -- (14,645) (59) SL contracts ....................... -- (110) -- -- (414) (43) ------------ --------- ------ ---------- ---------- --------- Net equity transactions ............. 16,528,166 9,628,759 -- 9,264,795 8,507,073 2,499,869 ------------ --------- ------ ---------- ---------- --------- Net change in contract owners' equity . 12,612,876 9,038,408 -- 9,344,816 8,944,708 2,475,813 Contract owners' equity beginning of period ......................... 18,627,233 -- -- 26,316,626 13,173,327 922,533 ------------ --------- ------ ---------- ---------- --------- Contract owners' equity end of period . $ 31,240,109 9,038,408 -- 35,661,442 22,118,035 3,398,346 ============ ========= ====== ========== ========== ========= CHANGES IN UNITS: Beginning units ..................... 2,253,062 -- -- 2,433,129 1,283,724 90,322 ------------ --------- ------ ---------- ---------- --------- Units purchased ..................... 2,464,616 907,706 -- 876,517 857,666 258,730 Units redeemed ...................... (237,634) (16,046) -- (31,288) (34,175) (8,199) ------------ --------- ------ ---------- ---------- --------- Ending units ........................ 4,480,044 891,660 -- 3,278,358 2,107,215 340,853 ============ ========= ====== ========== ========== =========
NSATCapAp ------------------------------------ 2001 2000 1999 ---- ---- ---- Investment activity: Net investment income ............... (40,033) 36,577 28,715 Realized gain (loss) on investments . (4,756,239) (318,018) 7,205 Change in unrealized gain (loss) on investments .................... 366,066 659,483 1,215,972 Reinvested capital gains ............ -- -- -- ---------- --------- --------- Net increase (decrease) in contract owners' equity resulting from operations ........................ (4,430,206) 378,042 1,251,892 ---------- --------- --------- Equity transactions: Purchase payments received from contract owners ................... 2,968,249 4,208,447 2,213,028 Transfers between funds ............. (1,757,722) 1,585,624 4,024,027 Surrenders .......................... (576,693) (185,074) (39,415) Death benefits ...................... (17,742) 12,810 (1,334) Policy loans (net of repayments) (note 5) .......................... (71,690) (166,194) (41,758) Deductions for surrender charges (note 2d) .......................... 61,046 (22,839) (9,049) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ................. (981,223) (1,155,411) (644,801) Asset charges (note 3): FPVUL & VEL contracts .............. -- (41,598) (21,904) MSP contracts ...................... -- (2,475) (336) SL contracts ....................... -- (2,374) (476) ---------- --------- --------- Net equity transactions .......... (375,775) 4,230,916 5,477,982 ---------- --------- --------- Net change in contract owners' equity (4,805,981) 4,608,958 6,729,874 Contract owners' equity beginning of period ......................... 21,723,803 21,395,819 6,313,574 ---------- --------- --------- Contract owners' equity end of period . 16,917,822 26,004,777 13,043,448 ========== ========== ========== CHANGES IN UNITS: Beginning units ..................... 2,348,405 1,644,036 485,911 ---------- --------- --------- Units purchased ..................... 385,009 700,179 475,886 Units redeemed ...................... (452,137) (312,423) (61,981) ---------- --------- --------- Ending units ........................ 2,281,277 2,031,792 899,816 ========== ========== ==========
26 26 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
NSATGlob50 NSATGvtbd --------------------------------------------- ----------------------------- 2001 2000 1999 2001 2000 ------------ ---------- --------- ---------- ---------- Investment activity: Net investment income .................... $ 232,229 184,167 7,888 1,886,314 894,512 Realized gain (loss) on investments ...... (315,956) 152,783 1,320 160,298 (147,901) Change in unrealized gain (loss) on investments ......................... (3,937,456) (185,548) 57,525 (895,834) 350,373 Reinvested capital gains ................. -- -- 1,868 -- -- ------------ ----------- ---------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........................... (4,021,183) 151,402 68,601 1,150,778 1,096,984 ------------ ----------- ---------- ----------- ----------- Equity transactions: Purchase payments received from contract owners ........................ 9,756,460 8,788,270 202,445 15,759,846 9,659,631 Transfers between funds .................. (1,081,111) 1,104,026 2,858,333 21,852,162 3,375,982 Surrenders ............................... (50,562) (3,815) (3,121) (123,340) (38,031) Death benefits ........................... (28,327) -- (6,264) (56,157) (652) Policy loans (net of repayments) (note 5) (14,378) (11,225) (441) (134,088) (81,742) Deductions for surrender charges (note 2d) 5,368 (471) (717) 12,942 (4,693) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ...................... (298,359) (193,211) (45,933) (1,210,231) (565,154) Asset charges (note 3): FPVUL & VEL contracts .................. -- (4,637) (1,743) -- (9,577) MSP contracts .......................... -- (22,704) (11) -- (1,296) SL contracts ........................... -- (236) (10) -- (3,774) ------------ ----------- ---------- ----------- ----------- Net equity transactions ............... 8,289,091 9,655,997 3,002,538 36,101,134 12,330,694 ------------ ----------- ---------- ----------- ----------- Net change in contract owners' equity .... 4,267,908 9,807,399 3,071,139 37,251,912 13,427,678 Contract owners' equity beginning of period .............................. 26,985,394 15,299,976 493,998 49,772,661 19,626,076 ------------ ----------- ---------- ----------- ----------- Contract owners' equity end of period .... $ 31,253,302 25,107,375 3,565,137 87,024,573 33,053,754 ============ =========== ========== =========== =========== CHANGES IN UNITS: Beginning units .......................... 2,256,557 1,116,697 41,464 4,270,820 1,882,004 ------------ ----------- ---------- ----------- ----------- Units purchased .......................... 814,365 822,901 269,524 3,119,546 1,290,524 Units redeemed ........................... (31,932) (98,348) (5,060) (78,009) (115,830) ------------ ----------- ---------- ----------- ----------- Ending units ............................. 3,038,990 1,841,250 305,928 7,312,357 3,056,698 ============ =========== ========== =========== ===========
NSATGvtBd NSATMMkt -------------- ----------------------------------------------- 1999 2001 2000 1999 ---------- ----------- ----------- ---------- Investment activity: Net investment income .................... 312,444 6,091,722 3,930,686 1,056,574 Realized gain (loss) on investments ...... (21,320) -- -- -- Change in unrealized gain (loss) on investments ......................... (488,411) -- -- -- Reinvested capital gains ................. -- -- -- -- ----------- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........................... (197,287) 6,091,722 3,930,686 1,056,574 ----------- ------------ ------------ ------------ Equity transactions: Purchase payments received from contract owners ........................ 992,725 302,891,638 213,283,493 124,540,161 Transfers between funds .................. 7,668,165 (248,607,574) (214,965,197) (87,612,063) Surrenders ............................... (3,001) (3,435,144) (637,711) (23,560) Death benefits ........................... -- (78,704) -- -- Policy loans (net of repayments) (note 5) (1,175) (1,572,454) (1,604,420) (1,549,078) Deductions for surrender charges (note 2d) (689) 278,768 (78,695) (5,408) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ...................... (276,820) (8,620,699) (5,434,028) (3,127,264) Asset charges (note 3): FPVUL & VEL contracts .................. (5,694) -- (117,205) (65,503) MSP contracts .......................... (182) -- (22,376) (7,878) SL contracts ........................... (173) -- (14,051) (4,895) ----------- ------------ ------------ ------------ Net equity transactions ............... 8,373,156 40,855,831 (9,590,190) 32,144,512 ----------- ------------ ------------ ------------ Net change in contract owners' equity .... 8,175,869 46,947,553 (5,659,504) 33,201,086 Contract owners' equity beginning of period .............................. 4,697,908 232,825,649 139,970,995 25,135,081 ----------- ------------ ------------ ------------ Contract owners' equity end of period .... 12,873,777 279,773,202 134,311,491 58,336,167 =========== ============ ============ ============ CHANGES IN UNITS: Beginning units .......................... 436,992 20,561,523 13,058,280 2,395,406 ----------- ------------ ------------ ------------ Units purchased .......................... 822,145 9,442,658 19,768,822 11,937,298 Units redeemed ........................... (31,244) (6,044,726) (20,779,202) (8,862,188) ----------- ------------ ------------ ------------ Ending units ............................. 1,227,893 23,959,455 12,047,900 5,470,516 =========== ============ ============ ============
27 (Continued) 27 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
NSATSmCapG NSATSmCapV --------------------------------------------- --------------------------------- 2001 2000 1999 2001 2000 ------------ --------- --------- ---------- ---------- Investment activity: Net investment income .................... $ (14,271) (307) -- (42,904) (2,106) Realized gain (loss) on investments ...... (1,737,967) 117,818 -- 345,847 82,451 Change in unrealized gain (loss) on investments ......................... 924,698 (1,856) 127,000 4,826,713 690,804 Reinvested capital gains ................. -- 241 -- -- -- ------------ --------- --------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations (827,540) 115,896 127,000 5,129,656 771,149 ------------ --------- --------- ---------- ---------- Equity transactions: Purchase payments received from contract owners ........................ 1,946,597 285,960 1,000,000 4,371,495 2,518,638 Transfers between funds .................. 2,911,722 1,588,939 -- 9,170,358 3,042,108 Surrenders ............................... (86,807) -- -- (187,360) (21,819) Death benefits ........................... -- -- -- (1,007) -- Policy loans (net of repayments) (note 5) (11,586) (12,220) -- (150,088) (9,301) Deductions for surrender charges (note 2d) 9,930 -- -- 21,332 (2,692) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ...................... (290,888) (55,858) -- (819,902) (141,504) Asset charges (note 3): FPVUL & VEL contracts .................. -- (2,416) -- -- (10,707) MSP contracts .......................... -- (392) -- -- (925) SL contracts ........................... -- (56) -- -- (404) ------------ --------- --------- ---------- ---------- Net equity transactions ................ 4,478,968 1,803,957 1,000,000 12,404,828 5,373,394 ------------ --------- --------- ---------- ---------- Net change in contract owners' equity ...... 3,651,428 1,919,853 1,127,000 17,534,484 6,144,543 Contract owners' equity beginning of period ................................ 7,031,892 2,710,793 -- 15,234,367 4,375,739 ------------ --------- --------- ---------- ---------- Contract owners' equity end of period ...... $ 10,683,320 4,630,646 1,127,000 32,768,851 10,520,282 ============ ========= ========= ========== ========== CHANGES IN UNITS: Beginning units .......................... 409,600 132,226 -- 1,106,081 354,123 ------------ --------- --------- ---------- ---------- Units purchased .......................... 307,242 87,622 100,000 837,695 439,082 Units redeemed ........................... (60,814) (5,031) -- (110,740) (31,160) ------------ --------- --------- ---------- ---------- Ending units ............................. 656,028 214,817 100,000 1,833,036 762,045 ============ ========= ========= ========== ==========
NSATSmCapV NSATSmCo ------------ ------------------------------------------- 1999 2001 2000 1999 --------- ---------- ---------- --------- Investment activity: Net investment income .................... (285) (14,204) (2,610) (793) Realized gain (loss) on investments ...... 32,350 475,995 1,356,395 (4,269) Change in unrealized gain (loss) on investments ......................... 353,856 (389,822) (168,069) 308,899 Reinvested capital gains ................. 79,340 -- -- -- --------- ---------- ---------- --------- Net increase (decrease) in contract owners' equity resulting from operations 465,261 71,969 1,185,716 303,837 --------- ---------- ---------- --------- Equity transactions: Purchase payments received from contract owners ........................ 241,558 6,917,661 3,561,795 497,006 Transfers between funds .................. 1,087,965 7,177,784 7,303,130 1,372,683 Surrenders ............................... (129) (144,497) (36,829) (466) Death benefits ........................... (2,704) (10,419) (993) -- Policy loans (net of repayments) (note 5) (1,138) (144,555) (30,678) (7,498) Deductions for surrender charges (note 2d) (30) 16,530 (4,545) (107) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ...................... (89,863) (1,161,468) (408,358) (122,428) Asset charges (note 3): FPVUL & VEL contracts .................. (3,520) -- (16,819) (5,055) MSP contracts .......................... (82) -- (1,619) (263) SL contracts ........................... (108) -- (1,008) (34) --------- ---------- ---------- --------- Net equity transactions ................ 1,231,949 12,651,036 10,364,076 1,733,838 --------- ---------- ---------- --------- Net change in contract owners' equity ...... 1,697,210 12,723,005 11,549,792 2,037,675 Contract owners' equity beginning of period ................................ 1,032,337 43,018,119 13,108,341 1,610,449 --------- ---------- ---------- --------- Contract owners' equity end of period ...... 2,729,547 55,741,124 24,658,133 3,648,124 ========= ========== ========== ========= CHANGES IN UNITS: Beginning units .......................... 106,497 2,746,658 900,802 159,462 --------- ---------- ---------- --------- Units purchased .......................... 131,359 1,016,019 721,448 197,241 Units redeemed ........................... (9,694) (86,678) (35,629) (14,405) --------- ---------- ---------- --------- Ending units ............................. 228,162 3,675,999 1,586,621 342,298 ========= ========== ========== =========
28 28 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
NSATStrVal NSATTotRtn -------------------------------------------- ------------------------------- 2001 2000 1999 2001 2000 ----------- --------- ------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income .................... $ 2,155 4,653 2,353 155,261 72,554 Realized gain (loss) on investments ...... (7,384) 40,730 6,255 (788,130) 181,162 Change in unrealized gain (loss) on investments ......................... (12,189) (45,250) 33,504 (1,924,019) 666,775 Reinvested capital gains ................. -- -- 7,914 -- -- ----------- --------- ------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations (17,418) 133 50,026 (2,556,888) 920,491 ----------- --------- ------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................ 144,980 95,982 51,478 4,999,322 5,145,320 Transfers between funds .................. 820,999 76,006 250,989 63,955,208 1,175,153 Surrenders ............................... (7,459) (1,963) (45) (588,014) (165,902) Death benefits ........................... -- -- -- (13,797) 18,670 Policy loans (net of repayments) (note 5) (6,203) 16 -- (165,704) (322,848) Deductions for surrender charges (note 2d) 853 (242) (10) 59,920 (20,473) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ...................... (46,224) (30,403) (16,293) (2,026,383) (1,606,959) Asset charges (note 3): FPVUL & VEL contracts .................. -- (1,769) (989) -- (57,783) MSP contracts .......................... -- (101) (14) -- (2,878) SL contracts ........................... -- (268) -- -- (5,088) ----------- --------- ------- ---------- ---------- Net equity transactions .............. 906,946 137,258 285,116 66,220,552 4,157,212 ----------- --------- ------- ---------- ---------- NET CHANGE IN CONTRACT OWNERS' EQUITY ...... 889,528 137,391 335,142 63,663,664 5,077,703 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ................................ 1,228,751 942,125 345,974 33,092,473 23,844,217 ----------- --------- ------- ---------- ---------- CONTRACT OWNERS' EQUITY END OF PERIOD ...... $ 2,118,279 1,079,516 681,116 96,756,137 28,921,920 =========== ========= ======= ========== ========== CHANGES IN UNITS: Beginning units .......................... 117,590 96,897 34,463 2,716,400 1,894,394 ----------- --------- ------- ---------- ---------- Units purchased .......................... 101,204 27,611 29,663 7,219,976 622,180 Units redeemed ........................... (11,862) (12,130) (1,702) (256,960) (277,014) ----------- --------- ------- ---------- ---------- Ending units ............................. 206,932 112,378 62,424 9,679,416 2,239,560 =========== ========= ======= ========== ==========
NSATTotRtn NBAMTGuard --------------- ------------------------------------------- 1999 2001 2000 1999 ---------- --------- --------- --------- INVESTMENT ACTIVITY: Net investment income .................... 47,845 12,268 16,341 3,815 Realized gain (loss) on investments ...... 7,852 31,989 68,174 9,327 Change in unrealized gain (loss) on investments ......................... 1,209,437 (309,147) 21,032 227,293 Reinvested capital gains ................. 4,930 372,331 -- -- ---------- --------- --------- --------- Net increase (decrease) in contract owners' equity resulting from operations 1,270,064 107,441 105,547 240,435 ---------- --------- --------- --------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................ 3,269,865 943,972 457,123 77,167 Transfers between funds .................. 3,783,209 2,975,439 60,593 897,236 Surrenders ............................... (50,099) (101,190) (12,302) (3,199) Death benefits ........................... (1,369) -- -- -- Policy loans (net of repayments) (note 5) (205,862) (10,933) (3,183) 231 Deductions for surrender charges (note 2d) (11,501) 11,565 (1,518) (734) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ...................... (921,644) (217,212) (114,211) (63,462) Asset charges (note 3): FPVUL & VEL contracts .................. (29,322) -- (5,926) (3,064) MSP contracts .......................... (473) -- (199) (10) SL contracts ........................... (936) -- (281) (26) ---------- --------- --------- --------- Net equity transactions .............. 5,831,868 3,601,641 380,096 904,139 ---------- --------- --------- --------- NET CHANGE IN CONTRACT OWNERS' EQUITY ...... 7,101,932 3,709,082 485,643 1,144,574 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ................................ 8,293,822 5,440,586 2,958,607 1,195,874 ---------- --------- --------- --------- CONTRACT OWNERS' EQUITY END OF PERIOD ...... 15,395,754 9,149,668 3,444,250 2,340,448 ========== ========= ========= ========= CHANGES IN UNITS: Beginning units .......................... 702,435 396,791 202,892 56,533 ---------- --------- --------- --------- Units purchased .......................... 576,399 334,964 54,886 105,543 Units redeemed ........................... (101,039) (51,703) (28,972) (7,255) ---------- --------- --------- --------- Ending units ............................. 1,177,795 680,052 228,806 154,821 ========== ========= ========= =========
(Continued) 29 29 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
NBAMTMCGr NBAMTPart ------------------------------------------------ ---------------------------- 2001 2000 1999 2001 2000 ------------ ---------- ---------- ---------- --------- INVESTMENT ACTIVITY: Net investment income .................... $ (74,778) (16,220) (780) 12,799 53,774 Realized gain (loss) on investments ...... (9,629,711) 3,097,841 35,226 (383,118) (114,228) Change in unrealized gain (loss) on investments ......................... 5,744,639 (1,599,352) 133,372 (36,981) (1,180,991) Reinvested capital gains ................. -- 6,497 37,807 345,807 1,184,100 ------------ ---------- --------- ---------- --------- Net increase (decrease) in contract owners' equity resulting from operations (3,959,850) 1,488,766 205,625 (61,493) (57,345) ------------ ---------- --------- ---------- --------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................ 6,739,093 6,930,709 772,982 952,861 943,066 Transfers between funds .................. 7,857,070 7,321,356 1,494,164 903,098 (224,114) Surrenders ............................... (185,514) (38,472) (224) (140,541) (106,167) Death benefits ........................... (18,926) -- -- (152) (502) Policy loans (net of repayments) (note 5) (385,576) (57,762) (463) (36,341) (58,711) Deductions for surrender charges (note 2d) 21,109 (4,748) (51) 15,647 (13,101) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ...................... (1,254,645) (454,855) (115,531) (341,094) (261,507) Asset charges (note 3): FPVUL & VEL contracts .................. -- (17,799) (3,922) -- (12,644) MSP contracts .......................... -- (1,764) (167) -- (1,492) SL contracts ........................... -- (866) (142) -- (683) ------------ ---------- --------- ---------- --------- Net equity transactions ................ 12,772,611 13,675,799 2,146,646 1,353,478 264,145 ------------ ---------- --------- ---------- --------- NET CHANGE IN CONTRACT OWNERS' EQUITY ...... 8,812,761 15,164,565 2,352,271 1,291,985 206,800 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ................................ 36,813,938 12,183,682 741,146 9,728,389 7,461,260 ------------ ---------- --------- ---------- --------- CONTRACT OWNERS' EQUITY END OF PERIOD ...... $ 45,626,699 27,348,247 3,093,417 11,020,374 7,668,060 ============ ========== ========= ========== ========= CHANGES IN UNITS: Beginning units .......................... 2,122,060 640,951 85,872 890,267 676,989 ------------ ---------- --------- ---------- --------- Units purchased .......................... 1,062,928 682,300 143,644 175,504 147,317 Units redeemed ........................... (112,814) (28,211) (8,967) (49,539) (123,584) ------------ ---------- --------- ---------- --------- Ending units ............................. 3,072,174 1,295,040 220,549 1,016,232 700,722 ============ ========== ========= ========== =========
NBAMTPart OppAggGrVA ------------------- ------------------------------------------------ 1999 2001 2000 1999 --------- ---------- ---------- --------- INVESTMENT ACTIVITY: Net investment income .................... 56,138 404,232 (16,779) (188) Realized gain (loss) on investments ...... (2,384) (9,386,608) 2,138,896 11,268 Change in unrealized gain (loss) on investments ......................... 516,251 (16,799,998) 788,259 357,043 Reinvested capital gains ................. 98,874 7,963,996 950,033 -- --------- ---------- ---------- --------- Net increase (decrease) in contract owners' equity resulting from operations 668,879 (17,818,378) 3,860,409 368,123 --------- ---------- ---------- --------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................ 1,021,328 16,275,278 10,657,578 672,775 Transfers between funds .................. 857,854 7,663,912 19,252,695 772,326 Surrenders ............................... (30,095) (528,182) (44,964) (890) Death benefits ........................... (7,201) (53,503) (752) (2,625) Policy loans (net of repayments) (note 5) (3,883) (290,921) (116,594) (9,863) Deductions for surrender charges (note 2d) (6,909) 60,014 (5,549) (204) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ...................... (224,484) (2,048,046) (880,302) (124,017) Asset charges (note 3): FPVUL & VEL contracts .................. (10,234) -- (31,363) (4,165) MSP contracts .......................... (508) -- (5,678) (48) SL contracts ........................... (152) -- (2,178) (6) --------- ---------- ---------- --------- Net equity transactions ................ 1,595,716 21,078,552 28,822,893 1,303,283 --------- ---------- ---------- --------- NET CHANGE IN CONTRACT OWNERS' EQUITY ...... 2,264,595 3,260,174 32,683,302 1,671,406 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ................................ 4,158,315 56,970,661 11,353,417 1,143,530 --------- ---------- ---------- --------- CONTRACT OWNERS' EQUITY END OF PERIOD ...... 6,422,910 60,230,835 44,036,719 2,814,936 ========= ========== ========== ========= CHANGES IN UNITS: Beginning units .......................... 401,819 3,428,074 570,019 101,944 --------- ---------- ---------- --------- Units purchased .......................... 207,055 1,879,637 1,387,724 122,165 Units redeemed ........................... (59,115) (260,634) (47,699) (12,675) --------- ---------- ---------- --------- Ending units ............................. 549,759 5,047,077 1,910,044 211,434 ========= ========== ========== =========
30 30 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
OppCapApVA OppGISecVA ------------------------------------------------- --------------------------- 2001 2000 1999 2001 2000 ------------ ---------- --------- ---------- ------- INVESTMENT ACTIVITY: Net investment income .................... $ 249,652 14,911 9,891 22,652 (84) Realized gain (loss) on investments ...... (947,738) 1,213,060 632 (1,029,704) 1,903 Change in unrealized gain (loss) on investments ......................... (7,458,776) (910,520) 410,878 166,646 52,841 Reinvested capital gains ................. 5,442,934 1,434,225 110,334 697,893 -- ------------ ---------- --------- ---------- ------- Net increase (decrease) in contract owners'equity resulting from operations (2,713,928) 1,751,676 531,735 (142,513) 54,660 ------------ ---------- --------- ---------- ------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................ 12,751,724 5,916,820 965,480 2,167,935 17,487 Transfers between funds .................. 18,023,387 9,419,815 1,951,079 6,279,099 805,555 Surrenders ............................... (554,219) (1,260,575) (3,088) (422) -- Death benefits ........................... (6,009) (1,744) -- -- -- Policy loans (net of repayments) (note 5) (105,548) (112,161) (16,133) (5,736) (1) Deductions for surrender charges (note 2d) 62,168 (155,559) (709) 48 -- Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ...................... (1,839,089) (773,070) (230,253) (204,941) (1,994) Asset charges (note 3): FPVUL & VEL contracts .................. -- (30,130) (8,192) -- (36) MSP contracts .......................... -- (3,213) (60) -- -- SL contracts ........................... -- (1,846) (279) -- -- ------------ ---------- --------- ---------- ------- Net equity transactions .............. 28,332,414 12,998,337 2,657,845 8,235,983 821,011 ------------ ---------- --------- ---------- ------- NET CHANGE IN CONTRACT OWNERS' EQUITY ...... 25,618,486 14,750,013 3,189,580 8,093,470 875,671 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ................................ 45,091,481 13,693,604 2,045,491 4,010,050 -- ------------ ---------- --------- ---------- ------- CONTRACT OWNERS' EQUITY END OF PERIOD ...... $ 70,709,967 28,443,617 5,235,071 12,103,520 875,671 ============ ========== ========= ========== ======= CHANGES IN UNITS: Beginning units .......................... 2,839,064 806,675 165,067 418,007 -- ------------ ---------- --------- ---------- ------- Units purchased .......................... 2,056,430 944,297 220,928 1,310,691 86,826 Units redeemed ........................... (139,667) (135,757) (19,516) (348,936) (206) ------------ ---------- --------- ---------- ------- Ending units ............................. 4,755,827 1,615,215 366,479 1,379,762 86,620 ============ ========== ========= ========== =======
OppGISecVA OppMGrinVA ---------- --------------------------------------------- 1999 2001 2000 1999 -------- ---------- ---------- --------- INVESTMENT ACTIVITY: Net investment income .................... -- 71,816 34,720 9,640 Realized gain (loss) on investments ...... -- (799,047) 153,764 (37,076) Change in unrealized gain (loss) on investments ......................... -- (380,539) (597,224) 327,414 Reinvested capital gains ................. -- -- 509,013 17,163 -------- ---------- ---------- --------- Net increase (decrease) in contract owners'equity resulting from operations -- (1,107,770) 100,273 317,141 -------- ---------- ---------- --------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................ -- 3,507,442 2,241,278 486,840 Transfers between funds .................. -- 2,554,044 5,538,692 782,275 Surrenders ............................... -- (366,552) (38,283) (9,788) Death benefits ........................... -- (28,649) 7,734 (1,930) Policy loans (net of repayments) (note 5) -- (51,865) (116,815) (8,491) Deductions for surrender charges (note 2d) -- 41,400 (4,724) (2,247) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ...................... -- (968,068) (409,466) (120,038) Asset charges (note 3): FPVUL & VEL contracts .................. -- -- (15,578) (4,598) MSP contracts .......................... -- -- (2,673) (49) SL contracts ........................... -- -- (1,386) (138) -------- ---------- ---------- --------- Net equity transactions .............. -- 4,687,752 7,198,779 1,121,836 -------- ---------- ---------- --------- NET CHANGE IN CONTRACT OWNERS' EQUITY ...... -- 3,579,982 7,299,052 1,438,977 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ................................ -- 20,875,006 6,929,691 1,627,582 -------- ---------- ---------- --------- CONTRACT OWNERS' EQUITY END OF PERIOD ...... -- 24,454,988 14,228,743 3,066,559 ======== ========== ========== ========= CHANGES IN UNITS: Beginning units .......................... -- 1,862,664 558,424 158,153 -------- ---------- ---------- --------- Units purchased .......................... -- 949,143 644,152 118,872 Units redeemed ........................... -- (481,065) (48,523) (15,409) -------- ---------- ---------- --------- Ending units ............................. -- 2,330,742 1,154,053 261,616 ======== ========== ========== =========
(Continued) 31 31 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
StOpp2 NSATStrGro ----------------------------------------- ---------------------------------- 2001 2000 1999 2001 2000 ------------ --------- --------- ---------- ---------- Investment activity: Net investment income ...................... $ (6,078) (167) -- (47,937) (13,902) Realized gain (loss) on investments ........ (499,854) (24) -- (5,290,653) 1,072,043 Change in unrealized gain (loss) on investments ........................... 497,164 (31,559) -- 2,485,378 (681,644) Reinvested capital gains ................... -- -- -- -- -- ------------ --------- --------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations (8,768) (31,750) -- (2,853,212) 376,497 ------------ --------- --------- ---------- ---------- Equity transactions: Purchase payments received from contract owners .......................... 3,273,892 37,444 -- 2,383,622 4,015,140 Transfers between funds .................... 6,894,758 1,547,544 -- 3,108,636 9,166,017 Surrenders ................................. 46 -- -- (234,447) (156,467) Death benefits ............................. -- -- -- (51,013) -- Policy loans (net of repayments) (note 5) .. (31,483) -- -- (17,516) (54,837) Deductions for surrender charges (note 2d) . (5) -- -- 26,532 (19,308) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ........................ (246,314) (3,765) -- (750,572) (327,078) Asset charges (note 3): FPVUL & VEL contracts .................... -- (29) -- -- (13,869) MSP contracts ............................ -- (5) -- -- (715) SL contracts ............................. -- (23) -- -- (366) ------------ --------- --------- ---------- ---------- Net equity transactions ................ 9,890,894 1,581,166 -- 4,465,242 12,608,517 ------------ --------- --------- ---------- ---------- Net change in contract owners' equity ........ 9,882,126 1,549,416 -- 1,612,030 12,985,014 Contract owners' equity beginning of period .................................. 5,062,449 -- -- 27,712,803 10,916,878 ------------ --------- --------- ---------- ---------- Contract owners' equity end of period ........ $ 14,944,575 1,549,416 -- 29,324,833 23,901,892 ============ ========= ========= ========== ========== CHANGES IN UNITS: Beginning units ............................ 514,109 -- -- 1,716,211 580,219 ------------ --------- --------- ---------- ---------- Units purchased ............................ 1,023,831 161,035 -- 535,578 684,438 Units redeemed ............................. (21,688) (341) -- (160,244) (57,647) ------------ --------- --------- ---------- ---------- Ending units ............................... 1,516,252 160,694 -- 2,091,545 1,207,010 ============ ========= ========= ========== ==========
NSATStrGro NSATGFocTU ---------- -------------------------- 1999 2001 2000 1999 --------- ---------- ------ ------ Investment activity: Net investment income ...................... (48) (440) -- -- Realized gain (loss) on investments ........ 18,749 (62,903) -- -- Change in unrealized gain (loss) on investments ........................... 151,672 (13,302) -- -- Reinvested capital gains ................... -- -- -- -- --------- ---------- ------ ------ Net increase (decrease) in contract owners' equity resulting from operations 170,373 (76,645) -- -- --------- ---------- ------ ------ Equity transactions: Purchase payments received from contract owners .......................... 147,071 40,789 -- -- Transfers between funds .................... 494,262 198,606 -- -- Surrenders ................................. (3,472) (9) -- -- Death benefits ............................. -- -- -- -- Policy loans (net of repayments) (note 5) .. (3,430) (6) -- -- Deductions for surrender charges (note 2d) . (797) 1 -- -- Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ........................ (38,416) (10,926) -- -- Asset charges (note 3): FPVUL & VEL contracts .................... (1,430) -- -- -- MSP contracts ............................ (6) -- -- -- SL contracts ............................. (4) -- -- -- --------- ---------- ------ ------ Net equity transactions ................ 593,778 228,455 -- -- --------- ---------- ------ ------ Net change in contract owners' equity ........ 764,151 151,810 -- -- Contract owners' equity beginning of period .................................. 428,087 78,536 -- -- --------- ---------- ------ ------ Contract owners' equity end of period ........ 1,192,238 230,346 -- -- ========= ======= ====== ====== CHANGES IN UNITS: Beginning units ............................ 37,396 12,379 -- -- --------- ---------- ------ ------ Units purchased ............................ 49,845 41,885 -- -- Units redeemed ............................. (4,211) (4,434) -- -- --------- ---------- ------ ------ Ending units ............................... 83,030 49,830 -- -- ========= ======= ====== ======
32 32 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
MSUEmMkt MSUMCapGr -------------------------------------------- --------------------------- 2001 2000 1999 2001 2000 ----------- --------- ------- --------- ------ Investment activity: Net investment income ...................... $ (5,118) (440) (6) (1,889) (6) Realized gain (loss) on investments ........ 56,275 30,724 2,107 (254,846) 23,950 Change in unrealized gain (loss) on investments ........................... 160,546 24,341 34,614 88,578 (106) Reinvested capital gains ................... -- -- -- -- -- ----------- --------- ------- --------- ------ Net increase (decrease) in contract owners' equity resulting from operations 211,703 54,625 36,715 (168,157) 23,838 ----------- --------- ------- --------- ------ Equity transactions: Purchase payments received from contract owners .......................... 341,010 245,388 37,535 389,419 116 Transfers between funds .................... 61,857 351,382 240,333 884,809 (945) Surrenders ................................. (14,050) (5) (12) (2,668) -- Death benefits ............................. -- -- -- -- -- Policy loans (net of repayments) (note 5) .. (10,422) (2,123) (298) (4,808) -- Deductions for surrender charges (note 2d) . 1,607 (1) (3) 305 -- Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ........................ (88,512) (29,307) (11,298) (40,475) (530) Asset charges (note 3): FPVUL & VEL contracts ...................... -- (1,277) (492) -- (4) MSP contracts .............................. -- (22) (1) -- -- SL contracts ............................... -- (119) -- -- -- ----------- --------- ------- --------- ------ Net equity transactions .................. 291,490 563,916 265,764 1,226,582 (1,363) ----------- --------- ------- --------- ------ Net change in contract owners' equity ........ 503,193 618,541 302,479 1,058,425 22,475 Contract owners' equity beginning of period .................................. 1,496,435 689,792 157,510 841,007 -- ----------- --------- ------- --------- ------ Contract owners' equity end of period ........ $ 1,999,628 1,308,333 459,989 1,899,432 22,475 =========== ========= ======= ========= ====== CHANGES IN UNITS: Beginning units ............................ 146,421 75,186 21,992 96,842 -- ----------- --------- ------- --------- ------ Units purchased ............................ 74,708 58,903 36,562 174,139 2,326 Units redeemed ............................. (32,245) (6,466) (1,684) (6,388) (57) ----------- --------- ------- --------- ------ Ending units ............................... 188,884 127,623 56,870 264,593 2,269 =========== ========= ======= ========= ======
MSUMCapGr MSUUSRealE ------- --------------------------------------------- 1999 2001 2000 1999 ------ --------- --------- --------- Investment activity: Net investment income ...................... -- (13,377) 102,070 54,324 Realized gain (loss) on investments ........ -- 63,943 7,271 4,036 Change in unrealized gain (loss) on investments ........................... -- 711,428 205,617 52,143 Reinvested capital gains ................... -- -- -- -- ------ --------- --------- --------- Net increase (decrease) in contract owners' equity resulting from operations -- 761,994 314,958 110,503 ------ --------- --------- --------- Equity transactions: Purchase payments received from contract owners .......................... -- 1,881,761 592,669 212,115 Transfers between funds .................... -- 3,281,847 1,104,273 456,135 Surrenders ................................. -- (45,636) (7,921) (3,191) Death benefits ............................. -- (259) (503) -- Policy loans (net of repayments) (note 5) .. -- (36,593) (2,538) (762) Deductions for surrender charges (note 2d) . -- 5,221 (978) (732) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ........................ -- (225,766) (64,172) (152,576) Asset charges (note 3): FPVUL & VEL contracts ...................... -- -- (3,066) (2,161) MSP contracts .............................. -- -- (333) (80) SL contracts ............................... -- -- (270) (14) ------ --------- --------- --------- Net equity transactions .................. -- 4,860,575 1,617,161 508,734 ------ --------- --------- --------- Net change in contract owners' equity ........ -- 5,622,569 1,932,119 619,237 Contract owners' equity beginning of period .................................. -- 5,035,778 1,583,385 717,117 ------ --------- --------- --------- Contract owners' equity end of period ........ -- 10,658,347 3,515,504 1,336,354 ====== ========== ========= ========= CHANGES IN UNITS: Beginning units ............................ -- 455,844 185,170 81,141 ------ --------- --------- --------- Units purchased ............................ -- 478,964 200,864 69,244 Units redeemed ............................. -- (65,371) (30,500) (11,034) ------ --------- --------- --------- Ending units ............................... -- 869,437 355,534 139,351 ====== ========== ========= =========
(Continued) 33 33 NATIONWIDE VLI SEPARATE ACCOUNT-4 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED SIX MONTH PERIODS ENDED JUNE 30, 2001, 2000 AND 1999 (UNAUDITED)
VEWwEmgMkt VEWwHrdAst ------------------------------------------ ------------------------------------ 2001 2000 1999 2001 2000 1999 ----------- --------- --------- --------- ------- ------- Investment activity: Net investment income .................... $ (9,790) (785) (29) 12,825 6,088 2,196 Realized gain (loss) on investments ...... (815,359) 318,655 60,453 (3,657) 4,978 15,149 Change in unrealized gain (loss) on investments ......................... 759,552 (811,743) 195,905 (81,960) (17,376) 24,267 Reinvested capital gains ................. -- -- -- -- -- -- ----------- --------- --------- --------- ------- ------- Net increase (decrease) in contract owners' equity resulting from operations (65,597) (493,873) 256,329 (72,792) (6,310) 41,612 ----------- --------- --------- --------- ------- ------- Equity transactions: Purchase payments received from contract owners ........................ 1,008,871 1,001,317 90,324 112,463 50,166 35,368 Transfers between funds .................. 456,000 1,477,662 425,791 593,770 149,123 82,837 Surrenders ............................... (25,780) (26,333) (136) (1,618) (751) (101) Death benefits ........................... -- -- -- -- -- -- Policy loans (net of repayments) (note 5) (23,716) (2,978) (264) (5,432) (659) -- Deductions for surrender charges (note 2d) 2,927 (3,250) (31) 185 (93) (23) Redemptions to pay cost of insurance charges and administrative charges (notes 2b and 2c) ...................... (211,056) (139,381) (33,929) (49,663) (18,671) (14,830) Asset charges (note 3): FPVUL & VEL contracts .................. -- (6,589) (1,243) -- (886) (474) MSP contracts .......................... -- (469) (62) -- (149) (53) SL contracts ........................... -- (808) (2) -- (36) -- ----------- --------- --------- --------- ------- ------- Net equity transactions .............. 1,207,246 2,299,171 480,448 649,705 178,044 102,724 ----------- --------- --------- --------- ------- ------- Net change in contract owners' equity ...... 1,141,649 1,805,298 736,777 576,913 171,734 144,336 Contract owners' equity beginning of period ................................ 3,608,597 2,686,906 289,195 1,316,349 444,898 154,245 ----------- --------- --------- --------- ------- ------- Contract owners' equity end of period ...... $ 4,750,246 4,492,204 1,025,972 1,893,262 616,632 298,581 =========== ========= ========= ========= ======= ======= CHANGES IN UNITS: Beginning units .......................... 466,520 204,110 43,904 141,512 53,265 22,344 ----------- --------- --------- --------- ------- ------- Units purchased .......................... 185,990 220,151 67,768 77,107 28,110 17,199 Units redeemed ........................... (35,771) (33,096) (4,823) (8,268) (10,312) (2,962) ----------- --------- --------- --------- ------- ------- Ending units ............................. 616,739 391,165 106,849 210,351 71,063 36,581 =========== ========= ========= ========= ======= =======
See accompanying notes to financial statements. 34 34 NATIONWIDE VLI SEPARATE ACCOUNT- 4 NOTES TO FINANCIAL STATEMENTS JUNE 30, 2001, 2000 AND 1999 (UNAUDITED) (1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Organization and Nature of Operations The Nationwide VLI Separate Account-4 (the Account) was established pursuant to a resolution of the Board of Directors of Nationwide Life Insurance Company (the Company) on December 3, 1997. The Account has been registered as a unit investment trust under the Investment Company Act of 1940. On May 3, 1999, the Company (Depositor) transferred to the Account 100,000 shares of the Nationwide SAT - Small Cap Growth Fund for which the Account was credited with 100,000 units of the Nationwide SAT - Small Cap Growth Fund. The value of the units purchased by the Company on May 3, 1999 was $1,000,000. The Company offers Flexible Premium, Modified Single Premium and Survivorship Life Variable Life Insurance Policies through the Account. (b) The Contracts Only contracts without a front-end sales charge, but with a contingent deferred sales charge and certain other fees are offered for purchase. See note 2 for a discussion of policy charges and note 3 for asset charges. Contract owners may invest in the following: Portfolios of the American Century Variable Portfolios, Inc. (American Century VP); American Century VP - American Century VP Income & Growth (ACVPIncGr) American Century VP - American Century VP International (ACVPInt) American Century VP -American Century VP Value (ACVPValue) Portfolios of the Credit Suisse Warburg Pincus Trust; Credit Suisse Warburg Pincus Trust - Global Post - Venture Capital Portfolio (WPGlPVenCp) Credit Suisse Warburg Pincus Trust - International Equity Portfolio (WPIntEq) Credit Suisse Warburg Pincus Trust - Value Portfolio (WPValue) The Dreyfus Socially Responsible Growth Fund, Inc. (DrySRGr) Dreyfus Stock Index Fund (DryStkIx) Dreyfus IP - European Equity Portfolio (DryEuroEq) Fund of the Dreyfus - Nationwide Separate Account Trust (NSAT); Dreyfus NSAT - Mid Cap Index Fund (NSATMidCap) Portfolio of the Dreyfus Variable Investment Fund (Dreyfus VIF); Dreyfus VIF - Appreciation Portfolio (DryVApp) Federated Insurance Series - Quality Bond Fund II (FedQualBd2) Funds of the Federated - Nationwide Separate Account Trust (NSAT); Federated NSAT - Equity-Income Fund (NSATEqInc) Federated NSAT - High Income Bond Fund (NSATHIncBd) Portfolios of the Fidelity Variable Insurance Products Fund (Fidelity VIP); Fidelity VIP - Equity-Income Portfolio - Service Class (FidVEqInS) Fidelity VIP - Growth Portfolio - Service Class (FidVGrS) Fidelity VIP - High Income Portfolio - Service Class (FidVHiInS) Fidelity VIP - Overseas Portfolio - Service Class (FidVOvSeS) (Continued) 35 35 NATIONWIDE VLI SEPARATE ACCOUNT- 4 NOTES TO FINANCIAL STATEMENTS, CONTINUED Portfolio of the Fidelity Variable Insurance Products Fund II (Fidelity VIP-II); Fidelity VIP-II - Contrafund Portfolio - Service Class (FidVConS) Portfolio of the Fidelity Variable Insurance Products Fund III (Fidelity VIP-III); Fidelity VIP-III - Growth Opportunities Portfolio - Service Class (FidVGrOpS) Funds of the Gartmore - Nationwide Separate Account Trust (NSAT); Gartmore NSAT - Emerging Markets Fund (NSATEmmMGM) Gartmore NSAT - Global Technology & Communication Fund (NSATGTecGM) Gartmore NSAT - International Growth Fund (NSATIntGGM) Fund of the J.P. Morgan - Nationwide Separate Account Trust (NSAT); J.P. Morgan NSAT - Balanced Fund (NSATBal) Portfolios of Janus Aspen Series; Janus Aspen Series - Capital Appreciation Portfolio - Service Shares (JanACapApS) Janus Aspen Series - Global Technology Portfolio - Service Shares (JanAGlTchS) Janus Aspen Series - International Growth Portfolio - Service Shares (JanAIntGrS) Fund of the MAS - Nationwide Separate Account Trust (NSAT); MAS NSAT - Multi Sector Bond Fund (NSATMSecBd) Funds of the Nationwide Separate Account Trust (Nationwide SAT); Nationwide SAT - Capital Appreciation Fund (NSATCapAp) Nationwide SAT - Global 50 Fund (NSATGlob50) Nationwide SAT - Government Bond Fund (NSATGvtBd) Nationwide SAT - Money Market Fund (NSATMMkt) Nationwide SAT - Small Cap Growth Fund (NSATSmCapG) Nationwide SAT - Small Cap Value Fund (NSATSmCapV) Nationwide SAT - Small Company Fund (NSATSmCo) Nationwide SAT - Strategic Value Fund (NSATStrVal) Nationwide SAT - Total Return Fund (NSATTotRtn) Portfolios of the Neuberger & Berman Advisers Management Trust (Neuberger & Berman AMT); Neuberger & Berman AMT - Guardian Portfolio (NBAMTGuard) Neuberger & Berman AMT - Mid-Cap Growth Portfolio (NBAMTMCGr) Neuberger & Berman AMT - Partners Portfolio (NBAMTPart) Funds of the Oppenheimer Variable Account Funds; Oppenheimer Aggressive Growth Fund/VA (OppAggGrVA) Oppenheimer Capital Appreciation Fund/VA (OppCapApVA) Oppenheimer Global Securities Fund/VA (OppGlSecVA) Oppenheimer Growth & Income Fund/VA (OppMGrInVA) Strong Opportunity Fund II, Inc. (StOpp2) Fund of the Strong - Nationwide Separate Account Trust (NSAT); Strong NSAT - Mid Cap Growth Fund (NSATStrGro) Fund of the Turner - Nationwide Separate Account Trust (NSAT); Turner NSAT - Growth Focus Fund (NSATGFocTU) 36 36 Portfolios of The Universal Institutional Funds, Inc. The Universal Institutional Funds, Inc. - Emerging Markets Debt Portfolio (MSUEmMkt) (formerly Morgan Stanley - Emerging Markets Debt Portfolio) The Universal Institutional Funds, Inc. - Mid Cap Growth Portfolio (MSUMCapGr) (formerly Morgan Stanley - Mid Cap Growth Portfolio) The Universal Institutional Funds, Inc. - U.S. Real Estate Portfolio (MSUUSRealE) (formerly Van Kampen Morgan Stanley - U.S. Real Estate Portfolio) Funds of the Van Eck Worldwide Insurance Trust (Van Eck WIT); Van Eck WIT - Worldwide Emerging Markets Fund (VEWwEmgMkt) Van Eck WIT - Worldwide Hard Assets Fund (VEWwHrdAst) At June 30, 2001, contract owners have invested in all of the above funds. The contract owners' equity is affected by the investment results of each fund, equity transactions by contract owners and certain contract expenses (see notes 2 and 3). The accompanying financial statements include only contract owners' purchase payments pertaining to the variable portions of their contracts and exclude any purchase payments for fixed dollar benefits, the latter being included in the accounts of the Company. A contract owner may choose from among a number of different underlying mutual fund options. The underlying mutual fund options are not available to the general public directly. The underlying mutual funds are available as investment options in variable life insurance policies or variable annuity contracts issued by life insurance companies or, in some cases, through participation in certain qualified pension or retirement plans. Some of the underlying mutual funds have been established by investment advisers which manage publicly traded mutual funds having similar names and investment objectives. While some of the underlying mutual funds may be similar to, and may in fact be modeled after, publicly traded mutual funds, the underlying mutual funds are not otherwise directly related to any publicly traded mutual fund. Consequently, the investment performance of publicly traded mutual funds and any corresponding underlying mutual funds may differ substantially. (c) Security Valuation, Transactions and Related Investment Income The fair value of the underlying mutual funds is based on the closing net asset value per share at June 30, 2001. The cost of investments sold is determined on the specific identification basis. Investment transactions are accounted for on the trade date (date the order to buy or sell is executed) and dividend income is recorded on the ex-dividend date. (d) Federal Income Taxes Operations of the Account form a part of, and are taxed with, operations of the Company which is taxed as a life insurance company under the Internal Revenue Code. The Company does not provide for income taxes within the Account. Taxes are the responsibility of the contract owner upon termination or withdrawal. (e) Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with accounting principles generally accepted in the United States may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, if any, at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. (Continued) 37 37 NATIONWIDE VLI SEPARATE ACCOUNT - 4 NOTES TO FINANCIAL STATEMENTS, CONTINUED (2) POLICY CHARGES (a) Deductions from Premium On flexible premium, modified single premium and survivorship life variable life insurance contracts, the Company deducts a charge for state premium taxes not to exceed 2.5% of all premiums received to cover the payment of these premium taxes. Additionally, the Company deducts a front-end sales load of up to 3.5% from each premium payment received. The Company may at its sole discretion reduce this sales loading. (b) Cost of Insurance A cost of insurance charge is assessed monthly against each contract. The amount of the charge is based upon age, sex, rate class and net amount at risk (death benefit less total contract value). (c) Administrative Charges For flexible premium, modified single premium and survivorship life variable life insurance contracts, the Company currently deducts a monthly administrative charge of $10 during the first policy year and $5 per month thereafter (may deduct up to $7.50, maximum) to recover policy maintenance, accounting, record keeping and other administrative expenses. The above charges are assessed against each contract by liquidating units. (d) Surrender Charges Policy surrenders result in a redemption of the contract value from the Account and payment of the surrender proceeds to the contract owner or designee. The surrender proceeds consist of the contract value, less any outstanding policy loans, and less a surrender charge, if applicable. The amount of the charge is based upon a specified percentage of the initial surrender charge which varies by issue age, sex and rate class. For flexible premium contracts, the charge is 100% of the initial surrender charge in the first year, declining to 30% of the initial surrender charge in the eighth year. No surrender charge is assessed on any contract surrendered after the eighth year. The Company may waive the surrender charge for certain contracts in which the sales expenses normally associated with the distribution of a contract are not incurred. No charges were deducted from the initial funding, or from earnings thereon. (3) ASSET CHARGES For flexible premium variable universal life (FPVUL) and variable executive life (VEL) contracts, the Company deducts a charge equal to an annual effective rate multiplied by the Cash Value attributable to the Variable Account. The annual effective rate is 0.60% for the first $25,000 of Cash Value attributable to the Variable Account, 0.30% for the next $225,000 of Cash Value attributable to the Variable Account and 0.10% for all Cash Value attributable to the Variable Account in excess of $250,000. This charge is assessed monthly against each contract by liquidating units. For modified single premium contracts (MSP), the Company deducts an annual rate of .70% charged against the cash value of the contracts. This charge is assessed monthly against each contract by liquidating units. For surivorship life contracts (SL), the Company deducts an annual rate of .55% in policy years one through ten. In policy years eleven and greater, the Company deducts an annual rate of .55% if the cash value of the contract is less than $25,000. If the cash value is greater than $25,000 but less than $100,000, the Company reduces the annual rate to .35%. If the cash value is greater than $100,000, the company reduces the annual rate to .20%. This charge is assessed monthly by liquidating units. 38 38 For Corporate Variable Universal Life Series, the Company deducts on a daily basis from the assets of the Variable Account, a charge to provide for mortality and expense risks. This charge is guaranteed not to exceed an annual effective rate of 0.75% of the daily net assets of the Variable Account. Currently, this rate is 0.40% during the first through fourth Policy Years, 0.25% during the fifth through twentieth Policy Years, and 0.10% thereafter. This charge is assessed through the daily unit value calculation. Nationwide may reduce or eliminate certain charges where the size or nature of the group results in savings in sales, underwriting, administrative or other costs to Nationwide. These charges may be reduced in certain group sponsored arrangements or special exchange programs made available by Nationwide. (4) DEATH BENEFITS Death benefit proceeds result in a redemption of the contract value from the Account and payment of those proceeds, less any outstanding policy loans (and policy charges), to the legal beneficiary. For last survivor flexible premium contracts, the proceeds are payable on the death of the last surviving insured. In the event that the guaranteed death benefit exceeds the contract value on the date of death, the excess is paid by the Company's general account. (5) POLICY LOANS (NET OF REPAYMENTS) Contract provisions allow contract owners to borrow 90% of a policy's cash surrender value. Interest is charged on the outstanding loan and is due and payable in advance on the policy anniversary. At the time the loan is granted, the amount of the loan is transferred from the Account to the Company's general account as collateral for the outstanding loan. Collateral amounts in the general account are credited with the stated rate of interest in effect at the time the loan is made, subject to a guaranteed minimum rate. Interest credited is paid by the Company's general account to the Account. Loan repayments result in a transfer of collateral including interest back to the Account. (6) RELATED PARTY TRANSACTIONS The Company performs various services on behalf of the Mutual Fund Companies in which the Account invests and may receive fees for the services performed. These services include, among other things, shareholder communications, preparation, postage, fund transfer agency and various other record keeping and customer service functions. These fees are paid to an affiliate of the Company. (Continued) 39 39 NATIONWIDE VLI SEPARATE ACCOUNT - 4 NOTES TO FINANCIAL STATEMENTS, CONTINUED (7) FINANCIAL HIGHLIGHTS The following is a summary of units, unit fair values and contract owners' equity outstanding for variable life and annuity contracts as of the end of the six-month period indicated, and the expense ratios and total return for each of the years in the six-month period ended June 30, 2001. The following is a summary for 2001:
Unit Contract Total Units Fair Value Owners' Equity Expenses* Return** ----- ---------- -------------- --------- -------- The BEST of AMERICA(R) America's FUTURE Life Series(SM): American Century VP Income & Growth ............. 1,019,586 12.872867 $ 13,124,995 0.00% -3.81% American Century VP International ............... 1,611,270 12.939244 20,848,616 0.00% -20.15% American Century VP Value ....................... 829,124 13.162764 10,913,564 0.00% 7.21% Credit Suisse Warburg Pincus Trust - Global Post-Venture Capital Portfolio ......... 65,005 11.348844 737,732 0.00% -19.60% Credit Suisse Warburg Pincus Trust - International Equity Portfolio ................ 164,292 10.068951 1,654,248 0.00% -15.94% Credit Suisse Warburg Pincus Trust - Value Portfolio ............................... 124,219 13.403664 1,664,990 0.00% 3.31% The Dreyfus Socially Responsible Growth Fund, Inc. ............................. 1,131,043 12.859282 14,544,401 0.00% -14.12% Dreyfus Stock Index Fund ........................ 7,926,833 13.068871 103,594,758 0.00% -6.83% Dreyfus IP - European Equity Portfolio .......... 92,586 10.086472 933,866 0.00% -20.41% Dreyfus NSAT - Mid Cap Index Fund Class I ....... 540,924 15.538046 8,404,902 0.00% 0.66% Dreyfus VIF - Appreciation Portfolio ............ 892,690 13.516447 12,065,997 0.00% -6.26% Federated Insurance Series - Quality Bond Fund II .......................... 675,198 11.303798 7,632,302 0.00% 3.70% Federated NSAT - Equity Income Fund ............. 183,663 11.126027 2,043,439 0.00% -8.75% Federated NSAT - High Income Bond Fund .......... 269,222 10.236513 2,755,895 0.00% 2.23% Fidelity VIP - Equity-Income Portfolio .......... 2,106,607 12.709487 26,773,894 0.00% -0.99% Fidelity VIP - Growth Portfolio ................. 3,701,421 15.372208 56,899,014 0.00% -9.66% Fidelity VIP - High Income Portfolio ............ 958,958 7.418079 7,113,626 0.00% -7.20% Fidelity VIP - Overseas Portfolio ............... 893,195 11.484157 10,257,592 0.00% -11.48% Fidelity VIP II - Contrafund Portfolio .......... 2,754,784 13.543003 37,308,048 0.00% -10.00% Fidelity VIP III - Growth Opportunities Portfolio 1,065,554 9.800412 10,442,868 0.00% -8.77% Gartmore NSAT - Emerging Markets Fund ........... 39,736 8.887131 353,139 0.00% 2.01% Gartmore NSAT - Global Technology & Communications Fund ........................... 209,961 4.265563 895,602 0.00% -29.12% Gartmore NSAT - International Growth Fund ....... 8,865 7.438136 65,939 0.00% -19.59% J.P. Morgan NSAT - Balanced Fund ................ 574,645 10.682995 6,138,930 0.00% -1.65%
40 40
Unit Contract Total Units Fair Value Owners' Equity Expenses* Return** ----- ---------- -------------- --------- -------- Janus Aspen Series - Capital Appreciation Portfolio ............... 2,759,055 7.116293 19,634,244 0.00% -13.60% Janus Aspen Series - Global Technology Portfolio 2,387,665 4.874572 11,638,845 0.00% -25.95% Janus Aspen Series - International Growth Portfolio ............... 2,501,691 6.988531 17,483,145 0.00% -15.53% MAS NSAT - Multi Sector Bond Fund .............. 1,434,891 11.092691 15,916,802 0.00% 0.76% Nationwide SAT - Capital Appreciation Fund ..... 1,668,148 7.833651 13,067,689 0.00% -21.32% Nationwide SAT - Global 50 Fund ................ 1,612,329 11.002686 17,739,950 0.00% -14.31% Nationwide SAT - Government Bond Fund .......... 1,106,057 12.259550 13,559,761 0.00% 2.43% Nationwide SAT - Money Market Fund ............. 8,262,747 11.973753 98,936,092 0.00% 2.32% Nationwide SAT - Small Cap Growth Fund ......... 358,331 16.318509 5,847,428 0.00% -5.05% Nationwide SAT - Small Cap Growth Fund - Initial funding from Depositor (note 1a) ..... 100,000 16.318510 1,631,851 0.00% -5.05% Nationwide SAT - Small Cap Value Fund .......... 1,194,883 18.056276 21,575,137 0.00% 31.03% Nationwide SAT - Small Company Fund ............ 1,101,746 15.628143 17,218,244 0.00% -1.35% Nationwide SAT - Strategic Value Fund .......... 137,767 10.423272 1,435,983 0.00% -0.46% Nationwide SAT - Total Return Fund ............. 2,751,648 11.384116 31,325,080 0.00% -7.89% Neuberger Berman AMT - Guardian Portfolio ...... 368,433 15.546904 5,727,992 0.00% 1.59% Neuberger Berman AMT - Mid-Cap Growth Portfolio ..................... 1,143,194 17.179429 19,639,420 0.00% -13.39% Neuberger Berman AMT - Partners Portfolio ...... 731,439 11.195427 8,188,772 0.00% -0.64% Oppenheimer Aggressive Growth Fund/VA .......... 1,764,752 13.367992 23,591,191 0.00% -27.00% Oppenheimer Capital Appreciation Fund/VA ....... 1,833,232 16.669506 30,559,072 0.00% -4.88% Oppenheimer Global Securities Fund/VA .......... 495,665 8.794019 4,358,887 0.00% -8.38% Oppenheimer Main Street Growth & Income Fund/VA ...................... 1,636,469 10.933210 17,891,859 0.00% -5.95% Strong Opportunity Fund II, Inc. ............... 480,885 9.880891 4,751,572 0.00% 0.04% Strong NSAT - Mid Cap Growth Fund .............. 642,639 15.448511 9,927,816 0.00% -13.77% Turner NSAT - Growth Focus Fund ................ 48,372 4.622739 223,611 0.00% -27.14% UIF, Inc. - Emerging Markets Debt Portfolio .... 118,236 10.814003 1,278,604 0.00% 4.78% UIF, Inc. - Mid Cap Growth Portfolio ........... 112,000 7.190587 805,346 0.00% -17.25% UIF, Inc. - U.S. Real Estate Portfolio ......... 404,207 11.819520 4,777,533 0.00% 8.08% Van Eck WIT - Worldwide Emerging Markets Fund .............. 497,695 7.613899 3,789,399 0.00% -0.72% Van Eck WIT - Worldwide Hard Assets Fund ....... 165,752 8.988332 1,489,834 0.00% -3.41% The BEST of AMERICA(R) Corporate Variable Universal Life Series(SM): American Century VP Income & Growth ............ 1,794,162 10.942107 19,631,913 0.41% -4.00%
(Continued) 41 41 NATIONWIDE VLI SEPARATE ACCOUNT - 4 NOTES TO FINANCIAL STATEMENTS, CONTINUED
Unit Contract Total Units Fair Value Owners' Equity Expenses* Return** ----- ---------- -------------- --------- -------- American Century VP International ............... 1,710,893 10.537256 18,028,118 0.40% -20.31% American Century VP Value ....................... 246,737 11.655930 2,875,949 0.42% 7.00% Credit Suisse Warburg Pincus Trust - Global Post-Venture Capital Portfolio ......... 22,770 9.563256 217,755 0.37% -19.76% Credit Suisse Warburg Pincus Trust - International Equity Portfolio ................ 26,813 8.417725 225,704 0.38% -16.10% Credit Suisse Warburg Pincus Trust - Value Portfolio ............................... 101,298 11.765980 1,191,870 0.40% 3.10% The Dreyfus Socially Responsible Growth Fund, Inc. ............................. 389,568 10.967194 4,272,468 0.42% -14.29% Dreyfus Stock Index Fund ........................ 9,214,227 11.131574 102,568,850 0.40% -7.02% Dreyfus IP - European Equity Portfolio .......... 18,320 10.015945 183,492 0.38% -20.56% Dreyfus NSAT - Mid Cap Index Fund ............... 244,995 13.635218 3,340,560 0.42% 0.46% Dreyfus VIF - Appreciation Portfolio ............ 1,894,650 11.330924 21,468,135 0.40% -6.44% Federated Insurance Series - Quality Bond Fund II .......................... 1,432,608 11.206725 16,054,844 0.44% 3.49% Federated NSAT - Equity Income Fund ............. 112,374 10.123978 1,137,672 0.43% -8.93% Federated NSAT - High Income Bond Fund .......... 200,490 9.627057 1,930,129 0.40% 2.02% Fidelity VIP - Equity-Income Portfolio .......... 1,411,905 11.176442 15,780,074 0.40% -1.18% Fidelity VIP - Growth Portfolio ................. 2,650,987 13.156825 34,878,572 0.41% -9.85% Fidelity VIP - High Income Portfolio ............ 899,155 6.918521 6,220,823 0.41% -7.38% Fidelity VIP - Overseas Portfolio ............... 1,737,775 9.597940 16,679,060 0.40% -11.66% Fidelity VIP II - Contrafund Portfolio .......... 1,221,263 11.700382 14,289,244 0.37% -10.18% Fidelity VIP III - Growth Opportunities Portfolio 525,764 8.765663 4,608,670 0.40% -8.96% Gartmore NSAT - Emerging Markets Fund ........... 2,199 8.860843 19,485 0.36% 1.80% Gartmore NSAT - Global Technology & Communications Fund ........................... 10,115 4.252874 43,018 0.44% -29.26% Gartmore NSAT - International Growth Fund ....... 7,336 7.416129 54,405 0.43% -19.75% J.P. Morgan NSAT - Balanced Fund ................ 425,868 9.796636 4,172,074 0.39% -1.85% Janus Aspen Series - Capital Appreciation Portfolio ................ 1,454,253 7.075945 10,290,214 0.40% -13.77% Janus Aspen Series - Global Technology Portfolio 536,089 4.846864 2,598,350 0.42% -26.09% Janus Aspen Series - International Growth Portfolio ................ 1,655,786 6.948904 11,505,898 0.42% -15.70% MAS NSAT - Multi Sector Bond Fund ............... 1,590,910 10.694913 17,014,644 0.40% 0.56% Nationwide SAT - Capital Appreciation Fund ...... 274,382 6.678422 1,832,439 0.42% -21.48% Nationwide SAT - Global 50 Fund ................. 1,390,096 9.486334 13,186,915 0.39% -14.48% Nationwide SAT - Government Bond Fund ........... 5,610,019 11.885230 66,676,366 0.40% 2.23%
42 42
Unit Contract Total Units Fair Value Owners' Equity Expenses* Return** ----- ---------- -------------- --------- -------- Nationwide SAT - Money Market Fund .............. 11,769,331 11.621155 136,773,220 0.42% 2.11% Nationwide SAT - Small Cap Growth Fund .......... 144,088 16.178351 2,331,106 0.40% -5.24% Nationwide SAT - Small Cap Value Fund ........... 341,516 15.824999 5,404,490 0.43% 30.77% Nationwide SAT - Small Company Fund ............. 1,184,106 13.873709 16,427,942 0.42% -1.54% Nationwide SAT - Strategic Value Fund ........... 40,192 9.340562 375,416 0.40% -0.66% Nationwide SAT - Total Return Fund .............. 322,587 9.683519 3,123,777 0.39% -8.07% Neuberger Berman AMT - Guardian Portfolio ....... 251,882 10.917855 2,750,011 0.40% 1.39% Neuberger Berman AMT - Mid-Cap Growth Portfolio ...................... 1,413,734 13.794987 19,502,442 0.41% -13.56% Neuberger Berman AMT - Partners Portfolio ....... 278,967 9.931453 2,770,548 0.40% -0.84% Oppenheimer Aggressive Growth Fund/VA ........... 2,065,019 11.409356 23,560,537 0.40% -27.14% Oppenheimer Capital Appreciation Fund/VA ........ 2,126,632 14.187344 30,171,260 0.40% -5.07% Oppenheimer Global Securities Fund/VA ........... 691,996 8.753305 6,057,252 0.40% -8.56% Oppenheimer Main Street Growth & Income Fund/VA ....................... 512,455 9.241561 4,735,884 0.41% -6.14% Strong Opportunity Fund II, Inc. ................ 743,632 9.835165 7,313,743 0.42% -0.16% Strong NSAT - Mid Cap Growth Fund ............... 986,704 14.043826 13,857,099 0.42% -13.94% UIF, Inc. - Emerging Markets Debt Portfolio ..... 69,006 10.113332 697,881 0.40% 4.57% UIF, Inc. - Mid Cap Growth Portfolio ............ 74,898 7.157233 536,062 0.43% -17.41% UIF, Inc. - U.S. Real Estate Portfolio .......... 290,549 11.822324 3,434,964 0.40% 7.86% Van Eck WIT - Worldwide Emerging Markets Fund ... 87,569 7.236408 633,685 0.43% -0.92% Van Eck WIT - Worldwide Hard Assets Fund ........ 41,941 8.820502 369,941 0.40% -3.60% The BEST of AMERICA(R) Corporate Variable Universal Life Series(SM): Reduced Fee Tier: American Century VP Income & Growth ............. 298,794 9.888619 2,954,660 0.10% -3.86% American Century VP International ............... 800,604 10.606504 8,491,610 0.09% -20.19% American Century VP Value ....................... 198,566 13.009457 2,583,236 0.08% 7.16% The Dreyfus Socially Responsible Growth Fund, Inc. ............................. 87,496 9.354003 818,438 0.11% -14.16% Dreyfus Stock Index Fund ........................ 4,600,532 9.644728 44,370,880 0.09% -6.88% Dreyfus IP - European Equity Portfolio .......... 62,365 10.068788 627,940 0.08% -20.44% Dreyfus NSAT - Mid Cap Index Fund Class I ....... 148,052 14.207693 2,103,477 0.08% 0.61% Dreyfus VIF - Appreciation Portfolio ............ 358,835 9.974982 3,579,373 0.10% -6.30% Federated Insurance Series - Quality Bond Fund II .......................... 4,108,659 11.279452 46,343,422 0.09% 3.65% Federated NSAT - Equity Income Fund Class I ..... 95,820 9.376870 898,492 0.09% -8.80% Federated NSAT High Income Bond Fund ............ 1,215,947 9.318063 11,330,271 0.08% 2.18%
(Continued) 43 43 NATIONWIDE VLI SEPARATE ACCOUNT - 4 NOTES TO FINANCIAL STATEMENTS, CONTINUED
Unit Contract Total Units Fair Value Owners' Equity Expenses* Return** ----- ---------- -------------- --------- -------- Fidelity VIP - Equity-Income Portfolio .......... 347,891 11.124505 3,870,115 0.10% -1.03% Fidelity VIP - Growth Portfolio ................. 992,825 10.067935 9,995,698 0.10% -9.71% Fidelity VIP - High Income Portfolio ............ 750,474 7.374697 5,534,518 0.08% -7.25% Fidelity VIP - Overseas Portfolio ............... 198,126 9.844575 1,950,466 0.11% -11.52% Fidelity VIP II - Contrafund Portfolio .......... 233,427 9.817206 2,291,601 0.10% -10.05% Fidelity VIP III - Growth Opportunities Portfolio 79,325 7.958505 631,308 0.11% -8.82% Gartmore NSAT - Emerging Markets Fund ........... 793 8.880551 7,042 0.08% 1.96% Gartmore NSAT - Global Technology & Communications Fund ........................... 6,837 4.262393 29,142 0.11% -29.15% Gartmore NSAT - International Growth Fund ....... 2,647 7.432628 19,674 0.12% -19.63% J.P. Morgan NSAT - Balanced Fund ................ 95,718 9.766945 934,872 0.09% -1.70% Janus Aspen Series - Capital Appreciation Portfolio ................ 262,121 7.106180 1,862,679 0.11% -13.64% Janus Aspen Series - Global Technology Portfolio 368,716 4.867626 1,794,772 0.09% -25.98% Janus Aspen Series - International Growth Portfolio ................ 322,567 6.978600 2,251,066 0.10% -15.57% MAS NSAT - Multi Sector Bond Fund ............... 252,557 10.809424 2,729,996 0.10% 0.71% Nationwide SAT - Capital Appreciation Fund ...... 338,747 5.956345 2,017,694 0.09% -21.36% Nationwide SAT - Global 50 Fund ................. 36,565 8.927589 326,437 0.11% -14.36% Nationwide SAT - Government Bond Fund ........... 596,281 11.384642 6,788,446 0.11% 2.38% Nationwide SAT - Money Market Fund .............. 3,927,377 11.219674 44,063,890 0.09% 2.26% Nationwide SAT - Small Cap Growth Fund .......... 53,609 16.283373 872,935 0.08% -5.10% Nationwide SAT - Small Cap Value Fund ........... 296,637 19.516190 5,789,224 0.07% 30.97% Nationwide SAT - Small Company Fund ............. 1,390,147 15.893958 22,094,938 0.08% -1.40% Nationwide SAT - Strategic Value Fund ........... 28,973 10.591925 306,880 0.10% -0.51% Nationwide SAT - Total Return Fund .............. 6,605,181 9.433092 62,307,280 0.10% -7.94% Neuberger Berman AMT - Guardian Portfolio ....... 59,737 11.243700 671,665 0.09% 1.54% Neuberger Berman AMT - Mid-Cap Growth Portfolio ...................... 515,246 12.585904 6,484,837 0.09% -13.43% Neuberger Berman AMT - Partners Portfolio ....... 5,826 10.479635 61,054 0.11% -0.69% Oppenheimer Aggressive Growth Fund/VA ........... 1,217,306 10.744305 13,079,107 0.09% -27.03% Oppenheimer Capital Appreciation Fund/VA ........ 795,963 12.537813 9,979,635 0.10% -4.93% Oppenheimer Global Securities Fund/VA ........... 192,101 8.783820 1,687,381 0.10% -8.42% Oppenheimer Main Street Growth & Income Fund/VA ....................... 181,818 10.049858 1,827,245 0.08% -6.00% Strong Opportunity Fund II, Inc. ................ 291,735 9.869436 2,879,260 0.09% -0.01%
44 44
Unit Contract Total Units Fair Value Owners' Equity Expenses* Return** ----- ---------- -------------- --------- -------- Strong NSAT - Mid Cap Growth Fund ............... 462,202 11.985923 5,539,918 0.09% -13.81% Turner NSAT Growth Focus Fund ................... 1,458 4.619300 6,735 0.10% -27.17% UIF, Inc. - Emerging Markets Debt Portfolio ..... 1,642 14.094542 23,143 0.08% 4.72% UIF, Inc. - Mid Cap Growth Portfolio ............ 77,695 7.182236 558,024 0.09% -17.29% UIF, Inc. - U.S. Real Estate Portfolio .......... 174,681 14.001808 2,445,850 0.08% 8.03% Van Eck WIT - Worldwide Emerging Markets Fund ... 31,475 10.394360 327,162 0.09% -0.77% Van Eck WIT - Worldwide Hard Assets Fund ........ 2,658 12.598656 33,487 0.10% -3.46% ======= ========= -------------- $1,823,161,461 ============== The following is a summary for 2000: The BEST of AMERICA(R) America's FUTURE Life Series(SM): American Century VP Income & Growth ............. 608,317 14.437198 $ 8,782,393 0.00% -3.58% American Century VP International ............... 938,372 18.310155 17,181,737 0.00% -6.01% American Century VP Value ....................... 221,649 9.976535 2,211,289 0.00% -4.00% Credit Suisse Warburg Pincus Trust - Global Post-Venture Capital Portfolio ......... 69,157 18.282108 1,264,336 0.00% 4.98% Credit Suisse Warburg Pincus Trust - International Equity Portfolio ................ 158,181 14.750371 2,333,228 0.00% -8.74% Credit Suisse Warburg Pincus Trust - Value Portfolio ............................... 92,844 11.622352 1,079,066 0.00% -2.44% The Dreyfus Socially Responsible Growth Fund, Inc. ............................. 702,620 17.258836 12,126,403 0.00% 2.55% Dreyfus Stock Index Fund ........................ 5,101,112 15.377685 78,443,293 0.00% -0.55% Dreyfus IP - European Equity Portfolio .......... 44,659 13.247885 591,637 0.00% 2.45% Dreyfus NSAT Mid Cap Index Fund ................. 113,791 14.500124 1,649,984 0.00% 8.22% Dreyfus VIF - Appreciation Portfolio ............ 585,117 14.918174 8,728,877 0.00% 2.79% Federated Insurance Series - Quality Bond Fund II .......................... 74,773 10.178410 761,070 0.00% 3.13% Federated NSAT - Equity Income Fund ............. 90,683 13.880909 1,258,762 0.00% 1.75% Federated NSAT - High Income Bond Fund .......... 146,476 10.753549 1,575,137 0.00% -1.50% Fidelity VIP - Equity-Income Portfolio .......... 1,422,008 11.524638 16,388,127 0.00% -2.76% Fidelity VIP - Growth Portfolio ................. 2,374,336 20.103361 47,732,134 0.00% 5.06% Fidelity VIP - High Income Portfolio ............ 693,311 9.817929 6,806,878 0.00% -4.95% Fidelity VIP - Overseas Portfolio ............... 585,003 15.237697 8,914,098 0.00% -5.04% Fidelity VIP II - Contrafund Portfolio .......... 1,858,452 15.912689 29,572,969 0.00% -1.36% Fidelity VIP III - Growth Opportunities Portfolio 814,000 12.491144 10,167,791 0.00% -3.70%
(Continued) 45 45 NATIONWIDE VLI SEPARATE ACCOUNT - 4 NOTES TO FINANCIAL STATEMENTS, CONTINUED
Unit Contract Total Units Fair Value Owners' Equity Expenses* Return** ----- ---------- -------------- --------- -------- J.P. Morgan NSAT - Balanced Fund ..................... 293,650 11.193219 3,286,889 0.00% 2.68% Janus Aspen Series - Capital Appreciation Portfolio ..................... 855,652 9.677651 8,280,701 0.00% -3.22% 01/27/00 Janus Aspen Series - Global Technology Portfolio ..... 1,035,730 9.810188 10,160,706 0.00% -1.90% 01/27/00 Janus Aspen Series - International Growth Portfolio ....................... 646,356 10.139137 6,553,492 0.00% 1.39% 01/27/00 MAS NSAT - Multi Sector Bond Fund .................... 924,914 10.678794 9,876,966 0.00% 2.49% Nationwide SAT - Capital Appreciation Fund ........... 1,433,453 13.654695 19,573,364 0.00% 0.76% Nationwide SAT - Global 50 Fund ...................... 978,808 14.552072 14,243,684 0.00% -0.63% Nationwide SAT - Government Bond Fund ................ 640,699 11.063916 7,088,640 0.00% 4.03% Nationwide SAT - Money Market Fund ................... 5,035,811 11.348677 57,149,792 0.00% 2.82% Nationwide SAT - Small Cap Growth Fund ............... 89,529 21.563281 1,930,539 0.00% 5.18% Nationwide SAT - Small Cap Growth Fund - Initial funding from Depositor (note 1a) ........... 100,000 21.563281 2,156,328 0.00% 5.18% Nationwide SAT - Small Cap Value Fund ................ 488,020 13.756082 6,713,243 0.00% 11.01% Nationwide SAT - Small Company Fund .................. 650,505 15.656223 10,184,451 0.00% 7.62% Nationwide SAT - Nationwide Strategic Value Fund .................... 112,378 9.606117 1,079,516 0.00% -1.28% Nationwide SAT - Total Return Fund ................... 2,081,682 13.051654 27,169,393 0.00% 3.36% Neuberger Berman AMT - Guardian Portfolio ............ 196,947 15.697826 3,091,640 0.00% 3.73% Neuberger Berman AMT - Mid-Cap Growth Portfolio ........................... 559,009 24.176496 13,514,879 0.00% 12.79% Neuberger Berman AMT - Partners Portfolio ............ 594,246 11.128003 6,612,771 0.00% -0.54% Oppenheimer Aggressive Growth Fund/VA ................ 998,586 25.005111 24,969,754 0.00% 21.21% Oppenheimer Capital Appreciation Fund/VA ............. 908,894 19.219681 17,468,653 0.00% 9.42% Oppenheimer Global Securities Fund/VA ................ 12,389 10.110760 125,262 0.00% 1.11% 05/01/00 Oppenheimer Main Street Growth & Income Fund/VA ............................ 822,367 12.767529 10,499,595 0.00% 0.19% Strong Opportunity Fund II, Inc. ..................... 11,293 9.643495 108,904 0.00% -3.57% 05/01/00 Strong NSAT - Mid Cap Growth Fund .................... 400,982 22.238241 8,917,134 0.00% 5.04% UIF, Inc. - Emerging Markets Debt Portfolio .......... 79,056 9.869473 780,241 0.00% 6.51% UIF, Inc. - Mid Cap Growth Portfolio ................. 2,269 9.905150 22,475 0.00% -0.95% 05/01/00 UIF, Inc. - U.S. Real Estate Portfolio ............... 299,933 9.759014 2,927,050 0.00% 14.28% Van Eck WIT - Worldwide Emerging Markets Fund ........ 336,741 11.554996 3,891,041 0.00% -12.41% Van Eck WIT - Worldwide Hard Assets Fund ............. 69,047 8.680898 599,390 0.00% 3.92%
46 46
Unit Contract Total Units Fair Value Owners' Equity Expenses* Return** ----- ---------- -------------- --------- -------- The BEST of AMERICA(R) Corporate Variable Universal Life Series(SM): American Century VP Income & Growth ............. 596,604 12.320813 7,350,646 0.43% -3.77% American Century VP International ............... 630,146 14.970741 9,433,753 0.42% -6.20% American Century VP Value ....................... 42,132 8.869662 373,697 0.41% -4.19% Credit Suisse Warburg Pincus Trust - Global Post-Venture Capital Portfolio ......... 20,057 15.467356 310,229 0.43% 4.78% Credit Suisse Warburg Pincus Trust - International Equity Portfolio ................ 26,290 12.380758 325,490 0.40% -8.92% Credit Suisse Warburg Pincus Trust - Value Portfolio ............................... 61,488 10.242976 629,820 0.38% -2.63% The Dreyfus Socially Responsible Growth Fund, Inc. ............................. 84,957 14.778256 1,255,516 0.42% 2.35% Dreyfus Stock Index Fund ........................ 5,212,941 13.150463 68,552,588 0.40% -0.75% Dreyfus IP - European Equity Portfolio .......... 7,017 13.207837 92,679 0.41% 2.25% Dreyfus NSAT - Mid Cap Index Fund ............... 52,391 12.775205 669,306 0.39% 8.00% Dreyfus VIF - Appreciation Portfolio ............ 1,200,157 12.555931 15,069,088 0.40% 2.59% Federated Insurance Series - Quality Bond Fund II .......................... 188,968 10.131263 1,914,485 0.39% 2.93% Federated NSAT - Equity Income Fund ............. 32,417 12.681211 411,087 0.39% 1.55% Federated NSAT - High Income Bond Fund .......... 51,294 10.153681 520,823 0.42% -1.69% Fidelity VIP - Equity-Income Portfolio .......... 284,061 10.174924 2,890,299 0.40% -2.95% Fidelity VIP - Growth Portfolio ................. 1,408,330 17.274959 24,328,843 0.41% 4.85% Fidelity VIP - High Income Portfolio ............ 532,889 9.193344 4,899,032 0.43% -5.14% Fidelity VIP - Overseas Portfolio ............... 1,031,409 12.785880 13,187,472 0.40% -5.23% Fidelity VIP II - Contrafund Portfolio .......... 483,458 13.802556 6,672,956 0.40% -1.55% Fidelity VIP III - Growth Opportunities Portfolio 226,104 11.216967 2,536,201 0.39% -3.89% J.P. Morgan NSAT - Balanced Fund ................ 226,107 10.305507 2,330,147 0.38% 2.48% Janus Aspen Series - Capital Appreciation Portfolio ................ 108,534 9.661261 1,048,575 0.39% -3.39% 01/27/00 Janus Aspen Series - Global Technology Portfolio 169,582 9.793559 1,660,811 0.41% -2.06% 01/27/00 Janus Aspen Series - International Growth Portfolio ................ 93,205 10.121953 943,417 0.43% 1.22% 01/27/00 MAS NSAT - Multi Sector Bond Fund ............... 934,744 10.336948 9,662,400 0.38% 2.28% Nationwide SAT - Capital Appreciation Fund ...... 164,497 11.687690 1,922,590 0.42% 0.56% Nationwide SAT - Global 50 Fund ................. 862,139 12.596704 10,860,110 0.38% -0.83% Nationwide SAT - Government Bond Fund ........... 2,307,496 10.768906 24,849,208 0.40% 3.82% Nationwide SAT - Money Market Fund .............. 6,089,902 11.058539 67,345,419 0.42% 2.61%
(Continued) 47 47 NATIONWIDE VLI SEPARATE ACCOUNT - 4 NOTES TO FINANCIAL STATEMENTS, CONTINUED
Unit Contract Total Units Fair Value Owners' Equity Expenses* Return** ----- ---------- -------------- --------- -------- Nationwide SAT - Small Cap Growth Fund ........... 11,805 21.463633 253,378 0.40% 4.97% Nationwide SAT - Small Cap Value Fund ............ 97,633 12.104291 1,181,778 0.39% 10.79% Nationwide SAT - Small Company Fund .............. 225,026 13.954146 3,140,046 0.37% 7.41% Nationwide SAT - Total Return Fund ............... 135,343 11.146280 1,508,571 0.41% 3.16% Neuberger Berman AMT - Guardian Portfolio ........ 31,859 11.067843 352,610 0.39% 3.53% Neuberger Berman AMT - Mid-Cap Growth Portfolio ...................... 444,906 19.491297 8,671,795 0.40% 12.57% Neuberger Berman AMT - Partners Portfolio ........ 106,476 9.911052 1,055,289 0.38% -0.74% Oppenheimer Aggressive Growth Fund/VA ............ 557,988 21.426999 11,956,008 0.39% 20.97% Oppenheimer Capital Appreciation Fund/VA ......... 386,244 16.423157 6,343,346 0.41% 9.20% Oppenheimer Main Street Growth & Income Fund/VA ....................... 183,442 10.835167 1,987,625 0.32% -0.01% Strong NSAT - Mid Cap Growth Fund ................ 351,535 20.297188 7,135,172 0.42% 4.83% UIF, Inc. - Emerging Markets Debt Portfolio ...... 26,949 9.266834 249,732 0.39% 6.30% UIF, Inc. - U.S. Real Estate Portfolio ........... 31,026 9.800269 304,063 0.38% 14.05% Van Eck WIT - Worldwide Emerging Markets Fund ............... 54,197 11.026051 597,579 0.41% -12.59% Van Eck WIT - Worldwide Hard Assets Fund ......... 2,016 8.552782 17,242 0.39% 3.72% The BEST of AMERICA(R) Corporate Variable Universal Life Series(SM): Reduced Fee Tier: American Century VP Income & Growth .............. 243,801 11.101352 2,706,521 0.09% -3.62% American Century VP International ................ 441,920 15.024102 6,639,451 0.08% -6.06% American Century VP Value ........................ 85,064 9.870150 839,594 0.08% -4.05% The Dreyfus Socially Responsible Growth Fund, Inc. ............................. 23,186 12.566828 291,374 0.10% 2.50% Dreyfus Stock Index Fund ......................... 2,359,881 11.359939 26,808,104 0.08% -0.60% Dreyfus IP - European Equity Portfolio ........... 18,626 13.237862 246,568 0.09% 2.40% Dreyfus NSAT - Mid Cap Index Fund ................ 18,411 13.271857 244,348 0.08% 8.16% Dreyfus VIF - Appreciation Portfolio ............. 338,324 11.020408 3,728,469 0.09% 2.74% Federated Insurance Series - Quality Bond Fund II .......................... 2,729,023 10.166599 27,744,883 0.10% 3.08% Federated NSAT - High Income Bond Fund ........... 787,968 9.798463 7,720,875 0.11% -1.55% Fidelity VIP - Equity-Income Portfolio ........... 194,193 10.097451 1,960,854 0.09% -2.81% Fidelity VIP - Growth Portfolio .................. 513,489 13.179722 6,767,642 0.09% 5.01% Fidelity VIP - High Income Portfolio ............. 507,660 9.770250 4,959,965 0.08% -5.00% Fidelity VIP - Overseas Portfolio ................ 104,231 13.075264 1,362,848 0.10% -5.09%
48 48
Unit Contract Total Units Fair Value Owners' Equity Expenses* Return** ----- ---------- -------------- --------- -------- Fidelity VIP II - Contrafund Portfolio ........... 152,581 11.546466 1,761,771 0.09% -1.40% Fidelity VIP III - Growth Opportunities Portfolio 3,234 10.153660 32,837 0.09% -3.75% J.P. Morgan NSAT - Balanced Fund ................. 84,072 10.243616 861,201 0.09% 2.63% Janus Aspen Series - Capital Appreciation Portfolio ................ 21,117 9.673547 204,276 0.10% -3.26% 01/27/00 Janus Aspen Series - Global Technology Portfolio . 126,614 9.806028 1,241,580 0.09% -1.94% 01/27/00 Janus Aspen Series - International Growth Portfolio ................ 152,099 10.134840 1,541,499 0.11% 1.35% 11/27/00 MAS NSAT - Multi Sector Bond Fund ................ 247,557 10.416467 2,578,669 0.08% 2.44% Nationwide SAT - Capital Appreciation Fund ....... 433,842 10.392776 4,508,823 0.10% 0.71% Nationwide SAT - Global 50 Fund .................. 303 11.819344 3,581 0.09% -0.68% Nationwide SAT - Government Bond Fund ............ 108,503 10.284568 1,115,906 0.10% 3.98% Nationwide SAT - Money Market Fund ............... 922,187 10.644566 9,816,280 0.08% 2.77% Nationwide SAT - Small Cap Growth Fund ........... 13,483 21.538332 290,401 0.11% 5.13% Nationwide SAT - Small Cap Value Fund ............ 176,392 14.883105 2,625,261 0.09% 10.95% Nationwide SAT - Small Company Fund .............. 711,090 15.938399 11,333,636 0.11% 7.57% Nationwide SAT - Total Return Fund ............... 22,535 10.825627 243,956 0.10% 3.31% Neuberger Berman AMT - Mid-Cap Growth Portfolio ...................... 291,125 17.729749 5,161,573 0.08% 12.74% Oppenheimer Aggressive Growth Fund/VA ............ 353,470 20.117568 7,110,957 0.08% 21.15% Oppenheimer Capital Appreciation Fund/VA ......... 320,077 14.470324 4,631,618 0.09% 9.36% Oppenheimer Global Securities Fund/VA ............ 74,231 10.109107 750,409 0.11% 1.09% 05/01/00 Oppenheimer Main Street Growth & Income Fund/VA ....................... 148,244 11.747678 1,741,523 0.09% 0.14% Strong Opportunity Fund II, Inc. ................. 149,401 9.641915 1,440,512 0.11% -3.58% 05/01/00 Strong NSAT - Mid Cap Growth Fund ................ 454,493 17.271082 7,849,586 0.09% 4.99% UIF, Inc. - Emerging Markets Debt Portfolio ...... 21,618 12.876285 278,360 0.11% 6.46% UIF, Inc. - U.S. Real Estate Portfolio ........... 24,575 11.572376 284,391 0.10% 14.22% Van Eck WIT - Worldwide Emerging Markets Fund ............... 227 15.790423 3,584 0.10% -12.46% ======= ========= -------------- $1,022,780,309 ============== The following is a summary for 1999: The BEST of AMERICA(R) America's FUTURE Life Series(SM): American Century VP - Income & Growth ........... 222,761 13.924470 $ 3,101,828 0.00% 9.76% American Century VP - International ............. 391,411 12.748666 4,989,964 0.00% 7.35% American Century VP - Value ..................... 86,763 11.859229 1,028,942 0.00% 13.15%
(Continued) 49 49 NATIONWIDE VLI SEPARATE ACCOUNT - 4 NOTES TO FINANCIAL STATEMENTS, CONTINUED
Unit Contract Total Units Fair Value Owners' Equity Expenses* Return** ----- ---------- -------------- --------- -------- Credit Suisse Warburg Pincus Trust - Global Post Venture Capital Portfolio .............. 29,610 12.007240 355,534 0.00% 12.73% Credit Suisse Warburg Pincus Trust - International Equity Portfolio ..................... 108,833 11.263216 1,225,810 0.00% 6.92% Credit Suisse Warburg Pincus Trust - Value Portfolio .................................... 36,933 12.922177 477,255 0.00% 15.24% The Dreyfus Socially Responsible Growth Fund, Inc. .................................. 231,883 14.590723 3,383,341 0.00% 12.77% Dreyfus Stock Index Fund ............................. 2,241,543 14.377543 32,227,884 0.00% 12.14% Dreyfus NSAT - Mid Cap Index Fund .................... 36,209 12.272537 444,376 0.00% 10.75% Dreyfus VIF - Capital Appreciation Portfolio ......... 308,665 13.999620 4,321,193 0.00% 7.51% Federated Insurance Series - Quality Bond Fund II ............................... 187 9.889224 1,849 0.00% -1.11% 05/03/99 Federated NSAT - Equity Income Fund .................. 33,099 12.669477 419,347 0.00% 10.04% Federated NSAT - High Income Bond Fund ............... 111,500 10.869909 1,211,995 0.00% 2.74% Fidelity VIP - Equity-Income Portfolio ............... 815,819 12.567727 10,252,990 0.00% 12.67% Fidelity VIP - Growth Portfolio ...................... 739,415 15.939560 11,785,956 0.00% 14.36% Fidelity VIP - Overseas Portfolio .................... 208,112 12.172640 2,533,272 0.00% 8.07% Fidelity VIP-II - Contrafund Portfolio ............... 776,953 14.446092 11,223,935 0.00% 11.18% Fidelity VIP-III - Growth Opportunities Portfolio .... 410,372 13.251757 5,438,150 0.00% 6.44% Fidelity VIP - High Income Portfolio ................. 550,777 10.310987 5,679,054 0.00% 7.88% J.P. Morgan NSAT - Balanced Fund ..................... 144,724 11.450736 1,657,196 0.00% 5.96% MAS NSAT - Multi Sector Bond Fund .................... 128,027 10.148365 1,299,260 0.00% -1.09% Nationwide SAT - Capital Appreciation Fund ........... 877,342 14.546773 12,762,495 0.00% 11.93% Nationwide SAT - Global 50 Fund ...................... 72,943 12.943855 944,164 0.00% 8.64% Nationwide SAT - Government Bond Fund ................ 370,021 10.653833 3,942,144 0.00% -2.18% Nationwide SAT - Money Market Fund ................... 2,998,912 10.769065 32,295,478 0.00% 2.30% Nationwide SAT - Small Cap Growth Fund ............... 100,000 11.270000 1,127,000 0.00% 12.70% 05/03/99 Nationwide SAT - Small Cap Value Fund ................ 224,171 11.987635 2,687,280 0.00% 23.67% Nationwide SAT - Small Company Fund .................. 278,534 10.870654 3,027,847 0.00% 7.62% Nationwide SAT - Strategic Value Fund ................ 62,424 10.911118 681,116 0.00% 8.69% Nationwide SAT - Total Return Fund ................... 1,174,786 13.076437 15,362,015 0.00% 10.75% Neuberger & Berman SAT - Guardian Portfolio .......... 143,791 15.438418 2,219,906 0.00% 17.25% Neuberger & Berman AMT - Mid-Cap Growth Portfolio ........................... 171,832 14.642312 2,516,018 0.00% 5.13% Neuberger & Berman AMT - Partners Portfolio .......... 496,471 11.804169 5,860,428 0.00% 13.27% Oppenheimer VAF - Aggressive Growth Fund ............. 179,872 13.597015 2,445,723 0.00% 21.01%
50 50
Unit Contract Total Units Fair Value Owners' Equity Expenses* Return** ----- ---------- -------------- --------- -------- Oppenheimer VAF - Growth & Income Fund .......... 220,137 12.003157 2,642,339 0.00% 14.64% Oppenheimer VAF - Growth Fund ................... 352,668 14.361654 5,064,902 0.00% 15.82% Strong NSAT - Mid Cap Growth Fund ............... 81,722 14.378067 1,175,004 0.00% 25.47% UIF, Inc. - Emerging Markets Debt Portfolio ..... 56,712 8.089723 458,784 0.00% 12.95% UIF, Inc. - U.S. Real Estate Portfolio .......... 138,283 9.589236 1,326,028 0.00% 8.50% Van Eck WIT - Worldwide Emerging Markets Fund ............... 104,166 9.612197 1,001,264 0.00% 45.93% Van Eck WIT - Worldwide Hard Assets Fund ........ 36,447 8.162502 297,499 0.00% 18.24% The BEST of AMERICA(R) Corporate Variable Universal Life Series(SM): American Century VP - Income & Growth ........... 64,734 11.930918 772,336 0.42% 9.54% American Century VP - International ............. 26,600 10.465323 278,378 0.39% 7.14% American Century VP - Value ..................... 16,436 10.585835 173,989 0.41% 12.92% Credit Suisse Warburg Pincus Trust - Global Post Venture Capital Portfolio ......... 2,114 10.199319 21,561 0.37% 12.51% Credit Suisse Warburg Pincus Trust - International Equity Portfolio ................ 3,068 9.491713 29,121 0.40% 6.70% Credit Suisse Warburg Pincus Trust - Value Portfolio ............................... 25,512 11.434266 291,711 0.39% 15.02% The Dreyfus Socially Responsible Growth Fund, Inc. ............................. 12,696 12.543738 159,255 0.41% 12.55% Dreyfus Stock Index Fund ........................ 901,456 12.344504 11,128,027 0.38% 11.92% Dreyfus VIF - Appreciation Portfolio ............ 327,171 11.830098 3,870,465 0.39% 7.30% Federated NSAT - Equity Income Fund ............. 766 11.620929 8,902 0.37% 9.82% Federated NSAT - High Income Bond Fund .......... 20,327 10.304749 209,465 0.41% 2.54% Fidelity VIP - Equity-Income Portfolio .......... 53,083 11.140410 591,366 0.41% 12.45% Fidelity VIP - Growth Portfolio ................. 99,393 13.751919 1,366,844 0.38% 14.14% Fidelity VIP - High Income Portfolio ............ 5,423 9.693786 52,569 0.40% 7.67% Fidelity VIP - Overseas Portfolio ............... 244,020 10.254973 2,502,419 0.41% 7.86% Fidelity VIP-II - Contrafund Portfolio .......... 51,585 12.580736 648,977 0.40% 10.96% Fidelity VIP-III - Growth Opportunities Portfolio 66,265 11.947796 791,721 0.41% 6.22% J.P. Morgan NSAT - Balanced Fund ................ 9,032 10.584906 95,603 0.39% 5.75% MAS NSAT - Multi Sector Bond Fund ............... 212,826 9.862919 2,099,086 0.43% -1.28% Nationwide SAT - Capital Appreciation Fund ...... 22,474 12.501259 280,953 0.40% 11.71% Nationwide SAT - Global 50 Fund ................. 232,985 11.249540 2,620,974 0.39% 8.43% Nationwide SAT - Government Bond Fund ........... 857,872 10.411381 8,931,632 0.43% -2.37% Nationwide SAT - Money Market Fund .............. 2,471,604 10.535947 26,040,689 0.42% 2.09%
(Continued) 51 51 NATIONWIDE VLI SEPARATE ACCOUNT - 4 NOTES TO FINANCIAL STATEMENTS, CONTINUED
Unit Contract Total Units Fair Value Owners' Equity Expenses* Return** ----- ---------- -------------- --------- -------- Nationwide SAT - Small Capital Value Fund ........ 3,991 10.590528 42,267 0.37% 23.42% Nationwide SAT - Small Company Fund .............. 63,764 9.727700 620,277 0.42% 7.41% Nationwide SAT - Total Return Fund ............... 3,009 11.212270 33,738 0.38% 10.53% Neuberger & Berman AMT - Guardian Portfolio ...... 11,030 10.928637 120,543 0.37% 17.02% Neuberger & Berman AMT - Mid-Cap Growth Portfolio ...................... 48,717 11.852112 577,399 0.43% 4.92% Neuberger & Berman AMT - Partners Portfolio ...... 53,288 10.555488 562,481 0.37% 13.05% Oppenheimer VAF - Aggressive Growth Fund ......... 31,562 11.698025 369,213 0.39% 20.77% Oppenheimer VAF - Capital Appreciation ........... 13,811 12.321204 170,168 0.36% 15.59% Oppenheimer VAF - Main Street Growth & Income Fund .............. 41,479 10.227355 424,220 0.38% 14.41% Strong NSAT Mid Cap Growth Fund .................. 1,308 13.175713 17,234 0.40% 25.22% UIF, Inc. - Emerging Markets Debt Portfolio ...... 158 7.626214 1,205 0.40% 12.73% UIF, Inc. - U.S Real Estate Portfolio ............ 1,068 9.668428 10,326 0.39% 8.29% Van Eck WIT - Worldwide Emerging Markets Fund .... 2,683 9.209003 24,708 0.41% 45.64% Van Eck WIT - Worldwide Hard Assets Fund ......... 134 8.074329 1,082 0.40% 18.01% ======= ========= ------------ $266,837,469 ============ The following is a summary for 1998: The BEST of AMERICA(R) America's FUTURE Life Series(SM): American Century VP - Income & Growth ........... 881 11.747054 $ 10,349 0.00% 17.47% American Century VP - International ............. 18,090 12.530473 226,676 0.00% 25.30% American Century VP - Value ..................... 6,175 10.590220 65,395 0.00% 5.90% Credit Sussie Warburg Pincus Trust - Global Post Venture Capital Portfolio ......... 2,727 11.320072 30,870 0.00% 13.20% Credit Suisse Warburg Pincus Trust - International Equity Portfolio ................ 7,136 11.325078 80,816 0.00% 13.25% Credit Suisse Warburg Pincus Trust - Value Portfolio ............................... 28,562 11.239112 321,012 0.00% 12.39% The Dreyfus Socially Responsible Growth Fund, Inc. ............................. 13,644 11.838204 161,520 0.00% 18.38% Dreyfus Stock Index Fund ........................ 66,473 11.750590 781,097 0.00% 17.51% Dreyfus NSAT - Mid Cap Index Fund ............... 2,158 10.863196 23,443 0.00% 8.63% Dreyfus VIF - Appreciation Portfolio ............ 5,212 12.072983 62,924 0.00% 20.73% Federated NSAT - Equity Income Fund ............. 255 10.888731 2,777 0.00% 8.89% Federated NSAT - High Income Bond Fund .......... 3,356 10.549727 35,405 0.00% 5.55%
52 52
Unit Contract Total Units Fair Value Owners' Equity Expenses* Return** ----- ---------- -------------- --------- -------- Fidelity VIP - Equity-Income Portfolio .......... 48,594 11.053100 537,114 0.00% 10.53% Fidelity VIP - Growth Portfolio ................. 20,698 11.907054 246,452 0.00% 19.07% Fidelity VIP - High Income Bond Portfolio ....... 32,951 10.479316 345,304 0.00% 4.79% Fidelity VIP - Overseas Portfolio ............... 8,282 11.589920 95,988 0.00% 15.90% Fidelity VIP-II - Contrafund Portfolio .......... 41,438 11.679483 483,974 0.00% 16.79% Fidelity VIP-III - Growth Opportunities Portfolio 12,800 11.132490 142,496 0.00% 11.32% J.P. Morgan NSAT - Balanced Fund ................ 7,049 10.683287 75,306 0.00% 6.83% MAS NSAT - Multi Sector Bond Fund ............... 11,382 10.201708 116,116 0.00% 2.02% Nationwide SAT - Capital Appreciation Fund ...... 31,022 11.927232 370,007 0.00% 19.27% Nationwide SAT - Global 50 Fund ................. 2,282 11.422871 26,067 0.00% 14.23% Nationwide SAT - Government Bond Fund ........... 18,734 10.399507 194,824 0.00% 4.00% Nationwide SAT - Money Market Fund .............. 1,084,559 10.262352 11,130,126 0.00% 2.62% Nationwide SAT - Small Cap Value Fund ........... 4,231 10.408582 44,039 0.00% 4.09% Nationwide SAT - Small Company Fund ............. 20,559 10.611985 218,172 0.00% 6.12% Nationwide SAT - Strategic Value Fund ........... 3,112 10.306219 32,073 0.00% 3.06% Nationwide SAT - Total Return Fund .............. 50,079 11.476720 574,743 0.00% 14.77% Neuberger & Berman AMT - Guardian Portfolio ..... 1,409 13.670918 19,262 0.00% 36.71% Neuberger & Berman AMT - Mid-Cap Growth Portfolio ...................... 9,241 12.605954 116,492 0.00% 26.06% Neuberger & Berman AMT - Partners Portfolio ..... 54,401 10.597040 576,490 0.00% 5.97% Oppenheimer VAF - Aggressive Growth Fund ........ 6,042 11.739804 70,932 0.00% 17.40% Oppenheimer VAF - Capital Appreciation Fund ..... 22,096 11.703375 258,598 0.00% 17.03% Oppenheimer VAF - Growth & Income Fund .......... 44,301 11.308591 500,982 0.00% 13.09% Strong NSAT - Mid Cap Growth Fund ............... 6,369 11.038199 70,302 0.00% 10.38% UIF, Inc. - Emerging Markets Debt Portfolio ..... 1,476 9.617372 14,195 0.00% -3.83% UIF, Inc. - U.S. Real Estate Portfolio .......... 9,914 9.512323 94,305 0.00% -4.88% Van Eck WIT - Worldwide Emerging Markets Fund ............... 4,680 7.724914 36,153 0.00% -22.75% Van Eck WIT - Worldwide Hard Assets Fund ........ 314 8.666521 2,721 0.00% -13.33% ========= ========= ----------- $18,195,517 ===========
* This represents annualized expenses as a percentage of the monthly average net assets of the variable account for the period indicated and includes only those expenses that are charged through a reduction in the unit values. Excluded are expenses of the underlying fund portfolios and charges made directly to contract owner accounts through the redemption of units. ** This represents the total return for the six-month period indicated and includes a deduction only for expenses assessed through the daily unit value calculation. The total return does not include any expenses assessed through the redemption of units;inclusion of these expenses in the calculation would result in a reduction of the total return presented.Investment options with a date notation indicate the effective date of that investment option in the Account. The total return is calculated for the six-month period indicated or from the effective date through the end of the six-month period. 53 53 [THIS PAGE LEFT BLANK INTENTIONALLY] 54 54 [THIS PAGE LEFT BLANK INTENTIONALLY] 55 55 NATIONWIDE LIFE INSURANCE COMPANY HOME OFFICE: ONE NATIONWIDE PLAZA - COLUMBUS, OHIO 43215-2220 -------------- Bulk Rate U.S. Postage P A I D Columbus, Ohio Permit No. 521 -------------- Nationwide(R)is a registered federal service mark of Nationwide Mutual Insurance Company -----END PRIVACY-ENHANCED MESSAGE-----