Supplement dated January 13, 2023
to the following statutory prospectus(es):
BAE Future Corporate FPVUL, BOA CVUL Future (FUTURE Corporate VUL) and Nationwide Innovator Corporate VUL
dated May 1, 2022
Next Generation Corporate Variable Universal Life and Future Executive VUL
dated May 1, 2019
BOA CVUL Future (BOA COLI Future), BOA CVUL and Newport PCVUL dated May 1,
2008
This supplement updates certain information contained in your statutory prospectus. Please read and retain
this supplement for future reference. |
At a meeting of the Board of Trustees (the "Board") of Nationwide Variable Insurance Trust held on December
7, 2022, the Board approved the termination of Newton Investment Management Limited as the subadviser to the NVIT BNY Mellon Sustainable U.S. Equity Fund (the "Fund") and the appointment of Atlanta Capital Management Company, LLC as the
Fund’s new subadviser. This change is anticipated to take effect on or about March 6, 2023 (the "Effective Date"). As a result of the change in subadvisor, the name of the
Fund is changing to the NVIT Calvert Equity Fund.
As of the Effective Date the statutory prospectus is
amended as follows:
The names of the investment option(s) and subadvisor(s) are updated as indicated
below:
|
|
Nationwide Variable Insurance Trust – NVIT BNY Mellon
Sustainable U.S. Equity Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Newton Investment Management
Limited |
Nationwide Variable Insurance Trust – NVIT Calvert Equity
Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Atlanta Capital Management Company.
LLC |
All references to the Fund’s former name and Sub-Advisor are replaced accordingly.
At a meeting of the Board of Trustees (the "Board") of Nationwide Variable Insurance Trust held on December 7, 2022,
the Board approved the termination of Nationwide Asset Management, LLC as the subadviser to the NVIT Short Term
Bond Fund (the "Fund") and the appointment of Loomis, Sayles & Company L.P. as the Fund’s new subadviser. This change is anticipated to take effect on or about March 20, 2023 (the "Effective Date"). As a result of the change in
subadvisor, the name of the Fund is changing to the NVIT Loomis Short Term Bond Fund.
As of the Effective Date the statutory prospectus is amended as follows:
The names of the investment option(s) and subadvisor(s) are updated as indicated below:
|
|
Nationwide Variable Insurance Trust - NVIT Short Term Bond
Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Nationwide Asset Management, LLC |
Nationwide Variable Insurance Trust - NVIT Loomis Short Term Bond Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Loomis, Sayles & Company L.P. |
All references to the Fund’s former name and Sub-Advisor are replaced accordingly.