This supplement updates certain information contained in the prospectus. Please read it and keep it with the prospectus for future reference. |
1) | The Total Annual Mutual Fund Operating Expenses table, which shows the minimum and maximum total operating expenses, as of December 31, 2018, charged by the underlying mutual funds that a policy owner may periodically pay while the policy is in force. More detail concerning each mutual fund’s fees and expenses is contained in the mutual fund’s prospectus. |
2) | The Legal Proceedings for Nationwide Life Insurance Company and Nationwide Investment Services Corporation, which describe certain information about the legal and regulatory proceedings that the Company is subject to. |
3) | The Underlying Mutual Fund Information appendix, which contains information about the mutual funds available to the policy owner through investment in the sub-accounts. |
Total Annual Mutual Fund Operating Expenses | |||||
Minimum | Maximum | ||||
Total
Annual Mutual Fund Operating Expenses (expenses that are deducted from the mutual fund assets, including management fees, distribution (12b-1) fees, and other expenses) |
0.27% | 1.43% |
Designations Key: | |
FF: | The underlying mutual fund corresponding to this Sub-Account primarily invests in other mutual funds. Therefore, a proportionate share of the fees and expenses of any acquired funds are indirectly borne by investors. As a result, investors in this Sub-Account may incur higher charges than if the assets were invested in an underlying mutual fund that does not invest in other mutual funds. Refer to the prospectus for this underlying mutual fund for more information. |
MF: | The underlying mutual fund operates as a "feeder fund", which means it invests all of its investment assets in another mutual fund, the "master fund". Investors in this underlying mutual fund will bear the fees and expenses of both this underlying mutual fund and the "master fund" in which it invests. Therefore, this may result in higher expenses than those of other underlying mutual funds that invest directly in individual securities. Refer to the prospectus for this underlying mutual fund for more information. |
Investment Advisor: | AllianceBernstein L.P. |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | AllianceBernstein L.P. |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | American Century Investment Management, Inc. |
Investment Objective: | The fund pursues long-term total return using a strategy that seeks to protect against U.S. inflation. |
Investment Advisor: | American Century Investment Management, Inc. |
Investment Objective: | Capital growth by investing in common stocks. Income is a secondary objective. |
Investment Advisor: | American Century Investment Management, Inc. |
Investment Objective: | Long-term capital growth with income as a secondary objective. |
Investment Advisor: | BlackRock Advisors, LLC |
Sub-advisor: | BlackRock Investment Management, LLC |
Investment Objective: | Seek high total investment return. |
Investment Advisor: | The Dreyfus Corporation |
Investment Objective: | The fund seeks to match the performance of the Standard & Poor's® SmallCap 600 Index (S&P SmallCap 600 Index). |
Investment Advisor: | The Dreyfus Corporation |
Sub-advisor: | Mellon Investments Corporation |
Investment Objective: | The fund seeks to match the total return of the S&P 500® Index. |
Investment Advisor: | The Dreyfus Corporation |
Sub-advisor: | Newton Investment Management (North America) Limited (Newton) |
Investment Objective: | The fund seeks long-term capital appreciation. |
Investment Advisor: | The Dreyfus Corporation |
Sub-advisor: | Fayez Sarofim & Co. |
Investment Objective: | The fund seeks long-term capital growth consistent with the preservation of capital. Its secondary goal is current income. |
Investment Advisor: | The Dreyfus Corporation |
Investment Objective: | The fund seeks capital growth. |
Investment Advisor: | Federated Investment Management Company |
Investment Objective: | Current income. |
Investment Advisor: | FMR Co., Inc. |
Sub-advisor: | FMR Co., Inc. |
Investment Objective: | High total return with a secondary objective of principal preservation as the fund approaches its target date and beyond. |
Investment Advisor: | FMR Co., Inc. |
Sub-advisor: | FMR Co., Inc. |
Investment Objective: | High total return with a secondary objective of principal preservation as the fund approaches its target date and beyond. |
Investment Advisor: | FMR Co., Inc. |
Sub-advisor: | FMR Co., Inc. |
Investment Objective: | High total return with a secondary objective of principal preservation as the fund approaches its target date and beyond. |
Investment Advisor: | Fidelity SelectCo, LLC (SelectCo) (the Adviser), an affiliate of Fidelity Management & Research Company |
Sub-advisor: | FMR Co., Inc. |
Investment Objective: | Capital appreciation. |
Investment Advisor: | Fidelity Management & Research Company |
Sub-advisor: | FMR Co., Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Research & Analysis Company, Fidelity Investments Japan Limited, Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.) Limited |
Investment Objective: | Reasonable income. |
Investment Advisor: | Fidelity Management & Research Company |
Sub-advisor: | FMR Co., Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Research & Analysis Company, Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.) Limited, Fidelity Investments Japan Limited |
Investment Objective: | Capital appreciation. |
Investment Advisor: | Fidelity Management & Research Company |
Sub-advisor: | FMR Co., Inc., Fidelity Research & Analysis Company, Fidelity Investments Japan Limited, Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.) Limited |
Investment Objective: | High level of current income while also considering growth of capital. |
Investment Advisor: | Fidelity Management & Research Company |
Sub-advisor: | Fidelity Investments Money Management, Inc., Fidelity Research & Analysis Company, Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.) Limited |
Investment Objective: | High level of current income. |
Investment Advisor: | Fidelity Management & Research Company |
Sub-advisor: | FMR Co., Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Research & Analysis Company, Fidelity Investments Japan Limited, Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.) Limited |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | Fidelity Management & Research Company |
Sub-advisor: | FMR Co., Inc. (FMRC), FMR Investment Management (UK) Limited (FMR UK), and other investment advisers serve as sub-advisers for the fund. |
Investment Objective: | Long-term capital growth. |
Investment Advisor: | Fidelity Management & Research Company |
Sub-advisor: | FMR Co., Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Research & Analysis Company, Fidelity Investments Japan Limited, Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.) Limited |
Investment Objective: | Capital appreciation. |
Investment Advisor: | Franklin Advisers, Inc. |
Investment Objective: | Seeks capital appreciation with income as a secondary goal. |
Investment Advisor: | Franklin Advisers, Inc. |
Investment Objective: | Seeks to maximize income while maintaining prospects for capital appreciation. |
Investment Advisor: | Franklin Advisory Services, LLC |
Investment Objective: | Seeks long-term capital appreciation, with preservation of capital as an important consideration. |
Investment Advisor: | Franklin Mutual Advisers, LLC |
Investment Objective: | Seeks long-term total return. |
Investment Advisor: | Templeton Asset Management, Ltd. |
Investment Objective: | Seeks long-term capital appreciation. |
Investment Advisor: | Templeton Investment Counsel, LLC |
Investment Objective: | Seeks long-term capital growth. |
Investment Advisor: | Templeton Investment Counsel, LLC |
Investment Objective: | Seeks long-term capital growth. |
Investment Advisor: | Franklin Advisers, Inc. |
Investment Objective: | Seeks high current income, consistent with preservation of capital, with capital appreciation as a secondary consideration. |
Investment Advisor: | Invesco Advisers, Inc. |
Investment Objective: | Seeks capital growth. |
Investment Advisor: | Invesco Advisers, Inc. |
Investment Objective: | Capital growth. |
Investment Advisor: | Ivy Investment Management Company |
Investment Objective: | To seek to provide total return. |
Investment Advisor: | Janus Capital Management LLC |
Investment Objective: | Long-term capital growth, consistent with preservation of capital and balanced by current income. |
Investment Advisor: | Janus Capital Management LLC |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | Janus Capital Management LLC |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | Janus Capital Management LLC |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | Massachusetts Financial Services Company |
Investment Objective: | To seek capital appreciation. |
Investment Advisor: | Massachusetts Financial Services Company |
Investment Objective: | To seek capital appreciation. |
Investment Advisor: | Morgan Stanley Investment Management Inc. |
Investment Objective: | Above-average total return over a market cycle of three to five years by investing primarily in a diversified portfolio of fixed income securities. |
Investment Advisor: | Morgan Stanley Investment Management Inc. |
Investment Objective: | High total return by investing primarily in fixed income securities of government and government-related issuers and, to a lesser extent, of corporate issuers in emerging market countries. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | American Century Investment Management, Inc. |
Investment Objective: | The Fund seeks capital appreciation, and secondarily current income. |
Investment Advisor: | Capital Research and Management Company, Nationwide Fund Advisors |
Investment Objective: | The fund seeks to provide high total return (including income and capital gains) consistent with preservation of capital over the long term. |
Investment Advisor: | Capital Research and Management Company, Nationwide Fund Advisors |
Investment Objective: | The Fund seeks to provide as high a level of current income as is consistent with the preservation of capital. |
Investment Advisor: | Capital Research and Management Company, Nationwide Fund Advisors |
Investment Objective: | The Fund seeks to provide long-term growth of capital. |
Investment Advisor: | Capital Research and Management Company, Nationwide Fund Advisors |
Investment Objective: | The Fund seeks to provide long-term growth of capital. |
Investment Advisor: | Capital Research and Management Company, Nationwide Fund Advisors |
Investment Objective: | The fund seeks to achieve long-term growth of capital and income. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Amundi Pioneer Institutional Asset Management, Inc. |
Investment Objective: | The Fund seeks to provide above average total return over a market cycle of three to five years. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | BlackRock Investment Management, LLC |
Investment Objective: | The Fund seeks capital growth and income through investments in equity securities, including common stocks and securities convertible into common stocks. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Federated Investment Management Company |
Investment Objective: | The Fund seeks to provide high current income. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Neuberger Berman Investment Advisers LLC |
Investment Objective: | The fund seeks long-term capital growth. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Neuberger Berman Investment Advisers LLC |
Investment Objective: | The Fund seeks long-term growth of capital by investing primarily in securities of companies that meet the fund's financial criteria and social policy. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks maximum growth of capital consistent with a more aggressive level of risk as compared to other Cardinal Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks a high level of total return through investment in both equity and fixed income securities. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks growth of capital, but also seeks income consistent with a less aggressive level of risk as compared to other Cardinal Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks a high level of total return consistent with a conservative level of risk as compared to other Cardinal Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks a high level of total return consistent with a moderate level of risk as compared to other Cardinal Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks growth of capital, but also seeks income consistent with a moderately aggressive level of risk as compared to other Cardinal Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The fund seeks a high level of total return consistent with a moderately conservative level of risk. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Nationwide Asset Management, LLC |
Investment Objective: | The Fund seeks a high level of current income consistent with preserving capital. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Neuberger Berman Investment Advisers LLC |
Investment Objective: | The fund seeks long-term total return consistent with reasonable risk. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Mellon Investments Corporation |
Investment Objective: | The Fund seeks long-term capital growth. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Lazard Asset Management LLC and Standard Life Investments (Corporate Funds) Limited |
Investment Objective: | The Fund seeks long-term capital growth by investing primarily in equity securities of companies located in emerging market countries. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Nationwide Asset Management, LLC |
Investment Objective: | The Fund seeks as high a level of current income as is consistent with preserving capital. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Federated Investment Management Company |
Investment Objective: | The Fund seeks as high a level of current income as is consistent with preserving capital and maintaining liquidity. The Fund is a money market fund that seeks to maintain a stable net asset value of $1.00 per share. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Lazard Asset Management LLC |
Investment Objective: | The Fund seeks long-term capital growth by investing primarily in equity securities of companies in Europe, Australasia, the Far East and other regions, including developing countries. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Lazard Asset Management LLC |
Investment Objective: | The Fund seeks long-term capital growth by investing primarily in equity securities of companies in Europe, Australasia, the Far East and other regions, including developing countries. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | BlackRock Investment Management, LLC |
Investment Objective: | The Fund seeks to match the performance of the MSCI EAFE® Index as closely as possible before the deduction of Fund expenses. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks maximum growth of capital consistent with a more aggressive level of risk as compared to other Investor Destinations Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks a high level of total return through investment in both equity and fixed-income securities. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks growth of capital, but also seeks income consistent with a less aggressive level of risk as compared to other NVIT Investor Destinations Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks a high level of total return consistent with a conservative level of risk as compared to other Investor Destinations Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks a high level of total return consistent with a moderate level of risk as compared to other Investor Destinations Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks growth of capital, but also seeks income consistent with a moderately aggressive level of risk as compared to other Investor Destinations Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks a high level of total return consistent with a moderately conservative level of risk. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | BlackRock Investment Management, LLC |
Investment Objective: | The Fund seeks capital appreciation. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Allianz Global Investors U.S. LLC and WCM Investment Management, LLC |
Investment Objective: | The Fund seeks long-term capital growth. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Dimensional Fund Advisors LP and Thompson, Siegel & Walmsley LLC |
Investment Objective: | The Fund seeks long-term capital appreciation. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Massachusetts Financial Services Company; Smith Asset Management Group; and Loomis, Sayles & Company L.P. |
Investment Objective: | The fund seeks long-term capital growth. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Massachusetts Financial Services Company; Mellon Investments Corporation; and Wellington Capital Management LLP |
Investment Objective: | The fund seeks long-term capital growth. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Neuberger Berman Investment Advisers LLC and Wells Capital Management, Inc. |
Investment Objective: | The fund seeks long-term capital growth. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | American Century Investment Management, Inc.; Thompson, Siegel & Walmsley LLC; and WEDGE Capital Management, L.L.P. |
Investment Objective: | The fund seeks long-term capital appreciation. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | OppenheimerFunds, Inc. and Wellington Management Company, LLP |
Investment Objective: | The Fund seeks capital growth. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Epoch Investment Partners, Inc. and J.P. Morgan Investment Management Inc. |
Investment Objective: | The Fund seeks capital appreciation. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Jacobs Levy Equity Management, Inc. and OppenheimerFunds, Inc. |
Investment Objective: | The Fund seeks long-term growth of capital. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | AQR Capital Management, LLC |
Investment Objective: | The Fund seeks total return through a flexible combination of capital appreciation and current income. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Wellington Management Company LLP |
Investment Objective: | The Fund seeks current income and long-term capital appreciation. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Nationwide Asset Management, LLC |
Investment Objective: | The Fund seeks to provide a high level of current income while preserving capital and minimizing fluctuations in share value. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Templeton Investment Counsel, LLC |
Investment Objective: | The Fund seeks to maximize total return consisting of capital appreciation and/or current income. |
Investment Advisor: | Neuberger Berman Investment Advisers LLC |
Investment Objective: | The Fund seeks growth of capital. |
Investment Advisor: | Neuberger Berman Investment Advisers LLC |
Investment Objective: | The Fund seeks the highest available current income consistent with liquidity and low risk to principal; total return is a secondary goal. |
Investment Advisor: | Neuberger Berman Investment Advisers LLC |
Investment Objective: | The Fund seeks long-term growth of capital by investing primarily in securities of companies that meet the Fund's environmental,social and governance (ESG) criteria. |
Investment Advisor: | OFI Global Asset Management, Inc. |
Sub-advisor: | OppenheimerFunds, Inc. |
Investment Objective: | Capital appreciation. |
Investment Advisor: | OFI Global Asset Management, Inc. |
Sub-advisor: | OppenheimerFunds, Inc. |
Investment Objective: | The Fund seeks capital appreciation. |
Investment Advisor: | OFI Global Asset Management, Inc. |
Sub-advisor: | OppenheimerFunds, Inc. |
Investment Objective: | The Fund seeks total return. |
Investment Advisor: | OFI Global Asset Management, Inc. |
Sub-advisor: | OppenheimerFunds, Inc. |
Investment Objective: | The Fund seeks capital appreciation. |
Investment Advisor: | OFI Global Asset Management, Inc. |
Sub-advisor: | OppenheimerFunds, Inc. |
Investment Objective: | Capital appreciation. |
Investment Advisor: | PIMCO |
Investment Objective: | The Portfolio seeks maximum total return consistent with preservation of capital and prudent investment management. |
Investment Advisor: | PIMCO |
Investment Objective: | The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management. |
Investment Advisor: | Putnam Investment Management, LLC |
Sub-advisor: | Putnam Investments Limited |
Investment Objective: | Seeks capital growth and current income. |
Investment Advisor: | Putnam Investment Management, LLC |
Sub-advisor: | Putnam Investments Limited |
Investment Objective: | Seeks capital appreciation. |
Investment Advisor: | Putnam Investment Management, LLC |
Sub-advisor: | Putnam Investments Limited and The Putnam Advisory Company, LLC |
Investment Objective: | Seeks capital appreciation. |
Investment Advisor: | T. Rowe Price Associates, Inc. |
Investment Objective: | The fund seeks long-term capital appreciation. |
Investment Advisor: | Van Eck Associates Corporation |
Investment Objective: | Seeks long-term capital appreciation by investing primarily in equity securities in emerging markets around the world. |
Investment Advisor: | Van Eck Associates Corporation |
Investment Objective: | Seeks long-term capital appreciation by investing primarily in hard asset securities. Income is a secondary consideration. |
Investment Advisor: | Wells Fargo Funds Management, LLC |
Sub-advisor: | Wells Capital Management, Inc. |
Investment Objective: | Seeks long-term capital appreciation. |