-----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, G2TgAtjPmgQcWFMSWhAVQrLnrQTqCSiSmVsKo+yK9XkSuc90F/Of4jkTuWb0orqQ s1PFaOEPoJSm7pvVDoc9dA== 0000950152-01-500313.txt : 20010313 0000950152-01-500313.hdr.sgml : 20010313 ACCESSION NUMBER: 0000950152-01-500313 CONFORMED SUBMISSION TYPE: N-30D PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20001231 FILED AS OF DATE: 20010312 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONWIDE VLI SEPARATE ACCOUNT 2 CENTRAL INDEX KEY: 0000820914 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 314156830 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-30D SEC ACT: SEC FILE NUMBER: 811-05311 FILM NUMBER: 1566585 BUSINESS ADDRESS: STREET 1: ONE NATIONWIDE PLZ STREET 2: C/O NATIONWIDE LIFE INSURANCE CO CITY: COLUMBUS STATE: OH ZIP: 43216 BUSINESS PHONE: 614-249-7111 MAIL ADDRESS: STREET 1: NATIONWIDE LIFE INSURANCE CO STREET 2: ONE NATIONWIDE PLAZA CITY: COLUMBUS STATE: OH ZIP: 43216 N-30D 1 l86905an-30d.txt NATIONWIDE VLI SEPARATE ACCOUNT - 2 FORM N-30D 1 Nationwide(R) VLI Separate Account-2 December 31, 2000 [THE BEST OF AMERICA(R) LOGO] Life Planning Series(R) 2000 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 [PICTURE] PRESIDENT'S MESSAGE We are pleased to bring you the 2000 annual report of the Nationwide VLI Separate Account-2. The red-hot technology sector finally cooled in 2000. The lofty valuations these stocks achieved in the late 1990s were restored to more reasonable levels. The NASDAQ was off over 39% and suffered its worst decline in nearly thirty years. Though not as drastic, the other major market indices were also off for the year. Softening corporate earnings of the long anticipated economic contraction helped trigger this market pullback. Early this year the Federal Reserve aggressively responded to the slowing economy with two half-percentage-point reductions in short-term interest rates. And, further easing by the Fed is expected. The new administration in Washington D.C. is expected to supply further economic stimulus through a broad-based income tax reduction. While we can offer no guarantee of future market performance, history tells us this combination of favorable monetary and fiscal policy sets the stage for higher equity markets twelve to eighteen months out. The varied array of investment options offered through your variable contract allow you to diversify your holdings to meet the changing economic and market conditions. We are pleased you have selected Nationwide and our investment products to help you achieve your long-term planning and retirement goals. /s/ Joseph J. Gasper Joseph J. Gasper, President February 16, 2001 3 3 [THIS PAGE LEFT BLANK INTENTIONALLY] 4 4 HOW TO READ THE ANNUAL REPORT This 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-2. 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 1-800-547-7548 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 ANNUAL REPORT HAS FOUR MAJOR FINANCIAL SECTIONS: Statement of Assets, Liabilities and Contract Owners' Equity This statement begins on page 6 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 December 31, 2000. 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 49. 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 9 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 38, provide further disclosures about the variable account and its underlying contract provisions. 5 5 - -------------------------------------------------------------------------------- NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS' EQUITY DECEMBER 31, 2000
ASSETS: Investments at fair value: American Century VP - American Century VP Balanced (ACVPBal) 751,698 shares (cost $5,761,038) ............................................ $ 5,464,844 American Century VP - American Century VP Capital Appreciation (ACVPCapAp) 1,719,456 shares (cost $29,621,878) ......................................... 27,133,012 American Century VP - American Century VP Income & Growth (ACVPIncGr) 641,402 shares (cost $4,998,702) ............................................ 4,560,367 American Century VP - American Century VP International (ACVPInt) 2,195,234 shares (cost $24,960,400) ......................................... 22,457,244 American Century VP - American Century VP Value (ACVPValue) 993,474 shares (cost $6,455,614) ............................................ 6,626,474 The Dreyfus Socially Responsible Growth Fund, Inc. (DrySRGr) 560,893 shares (cost $20,057,295) ........................................... 19,333,980 Dreyfus Stock Index Fund (DryStkIx) 2,916,220 shares (cost $94,463,397) ......................................... 99,151,469 Dreyfus IP - European Equity Portfolio (DryEuroEq) 7,423 shares (cost $109,681) ................................................ 111,198 Dreyfus VIF - Appreciation Portfolio (DryVApp) 186,359 shares (cost $7,178,021) ............................................ 7,251,216 Dreyfus VIF - Growth and Income Portfolio (DryVGrInc) 133,445 shares (cost $3,180,423) ............................................ 3,133,294 Gartmore NSAT - Emerging Markets Fund (NSATEmMGM) 1,240 shares (cost $10,023) ................................................. 9,312 Gartmore NSAT - Global Technology & Communications Fund (NSATGTecGM) 55,706 shares (cost $642,516) ............................................... 409,438 Gartmore NSAT - International Growth Fund (NSATIntGGM) 485 shares (cost $4,351) .................................................... 4,184 Fidelity VIP - Equity-Income Portfolio (FidVEqIn) 3,203,060 shares (cost $77,342,410) ......................................... 81,742,098 Fidelity VIP - Growth Portfolio (FidVGr) 3,594,723 shares (cost $163,738,671) ........................................ 156,909,663 Fidelity VIP - High Income Portfolio (FidVHiIn) 2,227,615 shares (cost $23,871,326) ......................................... 18,221,892 Fidelity VIP - Overseas Portfolio (FidVOvSe) 1,186,006 shares (cost $27,088,931) ......................................... 23,708,262
6 6
Fidelity VIP-II - Asset Manager Portfolio (FidVAM) 1,842,797 shares (cost $30,030,427) ......................................... 29,484,752 Fidelity VIP-II - Contrafund Portfolio (FidVCon) 2,700,005 shares (cost $65,228,997) ......................................... 64,098,123 Fidelity VIP-III - Growth Opportunities Portfolio (FidVGrOp) 291,466 shares (cost $6,158,772) ............................................ 5,170,603 Janus Aspen Series - Capital Appreciation Portfolio (JanACapApS) 111,260 shares (cost $3,462,403) ............................................ 2,952,853 Janus Aspen Series - Global Technology Portfolio (JanAGlTchS) 374,368 shares (cost $3,600,552) ............................................ 2,452,108 Janus Aspen Series - International Growth Portfolio (JanAIntGrS) 71,251 shares (cost $2,532,430) ............................................. 2,183,137 Nationwide SAT - Capital Appreciation Fund (NSATCapAp) 1,835,880 shares (cost $42,704,496) ......................................... 26,950,721 Nationwide SAT - Government Bond Fund (NSATGvtBd) 1,136,266 shares (cost $12,686,423) ......................................... 12,998,880 Nationwide SAT - Mid Cap Growth Fund - Strong (NSATMCpSTR) 49,353 shares (cost $929,737) ............................................... 820,734 Nationwide SAT - Mid Cap Index Fund - Dreyfus (NSATMCIxDR) 132,751 shares (cost $1,867,711) ............................................ 1,798,770 Nationwide SAT - Money Market Fund (NSATMMkt) 54,566,630 shares (cost $54,566,630) ........................................ 54,566,630 Nationwide SAT - Multi Sector Bond Fund - MAS (NSATMBdMAS) 9,385 shares (cost $86,633) ................................................. 87,089 Nationwide SAT - Small Cap Growth Fund (NSATSmCapG) 46,812 shares (cost $928,079) ............................................... 760,226 Nationwide SAT - Small Cap Value Fund (NSATSmCapV) 839,098 shares (cost $8,529,493) ............................................ 7,300,151 Nationwide SAT - Small Company Fund (NSATSmCo) 1,570,191 shares (cost $36,915,526) ......................................... 31,403,817 Nationwide SAT - Total Return Fund (NSATTotRtn) 7,823,938 shares (cost $116,638,842) ........................................ 91,070,643 Neuberger &Berman AMT - Growth Portfolio (NBAMTGro) 1,087,482 shares (cost $43,263,600) ......................................... 33,331,338 Neuberger & Berman AMT - Guardian Portfolio (NBAMTGuard) 123,921 shares (cost $1,975,004) ............................................ 1,974,054 Neuberger &Berman AMT - Limited Maturity Bond Portfolio (NBAMTLMat) 294,611 shares (cost $3,793,412) ............................................ 3,885,923 Neuberger &Berman AMT - Partners Portfolio (NBAMTPart) 1,523,389 shares (cost $26,468,582) ......................................... 24,633,198 Oppenheimer Aggressive Growth Fund/VA (OppAggGrVA) 40,589 shares (cost $3,308,006) ............................................. 2,872,508 Oppenheimer Bond Fund/VA (OppBdVA) 1,019,194 shares (cost $12,141,711) ......................................... 11,465,932
(Continued) 7 7 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS' EQUITY, CONTINUED
Oppenheimer Capital Appreciation Fund/VA (OppCapApVA) 388,141 shares (cost $19,916,210) ........................................... 18,099,009 Oppenheimer Global Securities Fund/VA (OppGlSecVA) 1,300,496 shares (cost $33,198,103) ......................................... 39,444,056 Oppenheimer Main Street Growth & Income Fund/VA (OppMGrInVA) 20,034 shares (cost $466,548) ............................................... 425,931 Oppenheimer Multiple Strategies Fund/VA (OppMltStVA) 907,218 shares (cost $15,090,613) ........................................... 15,014,458 Strong Opportunity Fund II, Inc. (StOpp2) 1,828,378 shares (cost $39,617,828) ......................................... 43,771,379 Strong VIF - Strong Discovery Fund II (StDisc2) 555,963 shares (cost $6,750,960) ............................................ 6,604,837 Strong VIF - Strong International Stock Fund II (StIntStk2) 341,487 shares (cost $3,538,899) ............................................ 3,380,723 Turner NSAT - Growth Focus Fund (NSATGFocTU) 8,319 shares (cost $73,860) ................................................. 49,664 The Universal Institutional Funds, Inc. - Emerging Markets Debt Portfolio (MSUEmMkt) (formerly Morgan Stanley - Emerging Markets Debt Portfolio) 154,037 shares (cost $1,104,959) ............................................ 1,064,394 The Universal Institutional Funds, Inc. - U.S. Real Estate Portfolio (MSUUSRealE) (formerly Van Kampen American Capital - Morgan Stanley U.S. Real Estate Portfolio) 644,110 shares (cost $7,317,681) ............................................. 7,413,700 Van Eck WIT - Worldwide Bond Fund (VEWwBd) 230,967 shares (cost $2,314,784) ............................................ 2,395,125 Van Eck WIT - Worldwide Emerging Markets Fund (VEWwEmgMkt) 459,359 shares (cost $4,375,000) ............................................ 3,808,090 Van Eck WIT - Worldwide Hard Assets Fund (VEWwHrdAst) 345,139 shares (cost $4,161,481) ............................................ 4,165,827 Warburg Pincus Trust - Global Post Venture Capital Portfolio (WPTGloPVC) 204,119 shares (cost $3,673,010) ............................................ 2,780,098 Warburg Pincus Trust - International Equity Portfolio (WPTIntEq) 856,689 shares (cost $11,140,471) ........................................... 9,192,268 Warburg Pincus Trust - Small Company Growth Portfolio (WPTSmCoGr) 1,539,449 shares (cost $35,827,802) ......................................... 25,678,016 ------------- Total investments ........................................................ 1,071,777,712 Accounts receivable ............................................................... 106,585 ------------- Total assets ............................................................. 1,071,884,297 Accounts payable ..................................................................... - ------------- Contract owners' equity (note 7) ..................................................... $ 1,071,884,297 =============
See accompanying notes to financial statements. - -------------------------------------------------------------------------------- 8 8 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF OPERATIONS YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
Total 2000 1999 1998 Investment activity: Reinvested dividends......................... $ 14,156,269 14,098,293 11,649,564 Mortality and expense risk charges (note 3).. (8,863,841) (7,660,149) (6,238,523) ------------ ------------- ------------- Net investment income...................... 5,292,428 6,438,144 5,411,041 ------------ ------------- ------------- Proceeds from mutual funds shares sold ...... 891,657,787 955,670,735 760,513,313 Cost of mutual fund shares sold.............. (830,522,167) (897,919,980) (729,684,314) ------------ ------------- ------------- Realized gain (loss) on investments ....... 61,135,620 57,750,755 30,828,999 Change in unrealized gain (loss) on investments............................. (263,179,099) 93,482,590 26,818,372 ------------ ------------- ------------- Net gain (loss) on investments............. (202,043,479) 151,233,345 57,647,371 ------------ ------------- ------------- Reinvested capital gains..................... 117,294,274 39,898,769 43,742,310 ------------ ------------- ------------- Net increase (decrease) in contract owners' equity resulting from operations ........ $ (79,456,777) 197,570,258 106,800,722 ============ ============= =============
ACVPBal 2000 1999 1998 Investment activity: Reinvested dividends......................... $ 142,768 104,861 73,602 Mortality and expense risk charges (note 3).. (43,349) (43,480) (38,972) ------------- ------------- ------------- Net investment income...................... 99,419 61,381 34,630 ------------- ------------- ------------- Proceeds from mutual funds shares sold ...... 1,172,289 971,140 1,247,480 Cost of mutual fund shares sold.............. (1,257,855) (1,022,836) (1,152,261) ------------- ------------- ------------- Realized gain (loss) on investments ....... (85,566) (51,696) 95,219 Change in unrealized gain (loss) on investments............................. (306,371) (209,153) 37,264 ------------- ------------- ------------- Net gain (loss) on investments............. (391,937) (260,849) 132,483 ------------- ------------- ------------- Reinvested capital gains..................... 89,903 723,542 456,397 ------------- ------------- ------------- Net increase (decrease) in contract owners' equity resulting from operations ........ $ (202,615) 524,074 623,510 ============= ============= =============
ACVPCapAp 2000 1999 1998 Investment activity: Reinvested dividends......................... -- -- -- Mortality and expense risk charges (note 3).. $ (225,875) (108,580) (82,384) ------------- ------------- ------------- Net investment income...................... (225,875) (108,580) (82,384) ------------- ------------- ------------- Proceeds from mutual funds shares sold ...... 25,900,893 22,591,735 5,476,348 Cost of mutual fund shares sold.............. (17,223,897) (21,828,544) (6,203,432) ------------- ------------- ------------- Realized gain (loss) on investments ....... 8,676,996 763,191 (727,084) Change in unrealized gain (loss) on investments............................. (7,733,755) 6,761,369 (95,403) ------------- ------------- ------------- Net gain (loss) on investments............. 943,241 7,524,560 (822,487) ------------- ------------- ------------- Reinvested capital gains..................... 750,781 -- 626,545 ------------- ------------- ------------- Net increase (decrease) in contract owners' equity resulting from operations ........ $ 1,468,147 7,415,980 (278,326) ============= ============= ============
ACVPincGr 2000 1999 1998 Investment activity: Reinvested dividends......................... $ 25,931 655 7,293 Mortality and expense risk charges (note 3).. (33,212) (27,101) (7,590) ------------ ------------- ------------- Net investment income...................... (7,281) (26,446) (297) ------------ ------------- ------------- Proceeds from mutual funds shares sold....... 6,896,325 4,520,179 579,403 Cost of mutual fund shares sold.............. (6,623,978) (4,059,023) (585,659) ------------ ------------- ------------- Realized gain (loss) on investments........ 272,347 461,156 (6,256) Change in unrealized gain (loss) on investments............................. (817,445) 247,602 131,508 ------------ ------------- ------------- Net gain (loss) on investments............. (545,098) 708,758 125,252 ------------ ------------- ------------- Reinvested capital gains..................... -- -- -- ------------ ------------- ------------- Net increase (decrease) in contract owners' equity resulting from operations......... $ (552,379) 682,312 124,955 ============ ============= =============
ACVPint 2000 1999 1998 Investment activity: Reinvested dividends......................... $ 31,996 -- 48,574 Mortality and expense risk charges (note 3).. (192,630) (123,973) (100,304) ------------- ------------- ------------- Net investment income...................... (160,634) (123,973) (51,730) ------------- ------------- ------------- Proceeds from mutual funds shares sold....... 28,784,239 25,003,227 26,953,998 Cost of mutual fund shares sold.............. (24,108,086) (22,517,439) (26,717,868) ------------ ------------- ------------- Realized gain (loss) on investments........ 4,676,153 2,485,788 236,130 Change in unrealized gain (loss) on investments............................. (9,830,737) 6,850,984 538,699 ------------- ------------- ------------- Net gain (loss) on investments............. (5,154,584) 9,336,772 774,829 ------------- ------------- ------------- Reinvested capital gains..................... 478,387 -- 498,647 ------------- ------------- ------------- Net increase (decrease) in contract owners' equity resulting from operations......... $ (4,836,831) 9,212,799 1,221,746 ============= ============= =============
ACVPValue 2000 1999 1998 Investment activity: Reinvested dividends......................... $ 34,989 26,285 14,238 Mortality and expense risk charges (note 3).. (27,164) (20,993) (19,998) ------------- ------------- ------------- Net investment income...................... 7,825 5,292 (5,760) ------------- ------------- ------------- Proceeds from mutual funds shares sold....... 53,718,428 10,125,505 3,978,821 Cost of mutual fund shares sold.............. (53,369,596) (10,140,086) (4,072,379) ------------- ------------- ------------- Realized gain (loss) on investments........ 348,832 (14,581) (93,558) Change in unrealized gain (loss) on investments............................. 414,821 (279,501) 7,367 ------------- ------------- ------------- Net gain (loss) on investments............. 763,653 (294,082) (86,191) ------------- ------------- ------------- Reinvested capital gains..................... 89,531 249,026 169,984 ------------- ------------- ------------- Net increase (decrease) in contract owners' equity resulting from operations......... $ 861,009 (39,764) 78,033 ============= ============= =============
(Continued) 9 9 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF OPERATIONS, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
DrySRGr ---------------------------------------- 2000 1999 1998 ----------- ----------- ---------- Investment activity: Reinvested dividends .......................................... $ 157,148 2,403 18,491 Mortality and expense risk charges (note 3) ............................................ (157,030) (114,846) (76,955) ----------- ----------- ----------- Net investment income ....................................... 118 (112,443) (58,464) ----------- ----------- ----------- Proceeds from mutual funds shares sold ........................ 4,108,551 17,180,969 30,530,607 Cost of mutual fund shares sold ............................... (3,386,569) (15,391,528) (29,068,944) ----------- ----------- ----------- Realized gain (loss) on investments ......................... 721,982 1,789,441 1,461,663 Change in unrealized gain (loss) on investments .............................................. (3,257,761) 1,688,692 619,023 ----------- ----------- ----------- Net gain (loss) on investments .............................. (2,535,779) 3,478,133 2,080,686 ----------- ----------- ----------- Reinvested capital gains ...................................... -- 646,972 429,304 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .......................... $(2,535,661) 4,012,662 2,451,526 =========== =========== ===========
DryStklx ---------------------------------------- 2000 1999 1998 ----------- ----------- ---------- Investment activity: Reinvested dividends .......................................... 1,011,600 1,066,045 840,788 Mortality and expense risk charges (note 3) ............................................ (797,960) (719,164) (508,329) ----------- ----------- ----------- Net investment income ....................................... 213,640 346,881 332,459 ----------- ----------- ----------- Proceeds from mutual funds shares sold ........................ 16,033,223 20,339,759 34,044,658 Cost of mutual fund shares sold ............................... (11,951,284) (15,264,747) (26,882,152) ----------- ----------- ----------- Realized gain (loss) on investments ......................... 4,081,939 5,075,012 7,162,506 Change in unrealized gain (loss) on investments .............................................. (16,940,040) 11,113,462 6,892,116 ----------- ----------- ----------- Net gain (loss) on investments .............................. (12,858,101) 16,188,474 14,054,622 ----------- ----------- ----------- Reinvested capital gains ...................................... 1,618,261 920,361 156,109 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .......................... (11,026,200) 17,455,716 14,543,190 =========== =========== ===========
DryEuroEq ---------------------------------------- 2000 1999 1998 ----------- ----------- ---------- Investment activity: Reinvested dividends .......................................... 234 -- -- Mortality and expense risk charges (note 3) ............................................ (527) ----------- ----------- ----------- Net investment income ....................................... (293) -- -- ----------- ----------- ----------- Proceeds from mutual funds shares sold ........................ 633,945 -- -- Cost of mutual fund shares sold ............................... (640,858) -- -- ----------- ----------- ----------- Realized gain (loss) on investments ......................... (6,913) -- -- Change in unrealized gain (loss) on investments .............................................. 1,517 -- -- ----------- ----------- ----------- Net gain (loss) on investments .............................. (5,396) -- -- ----------- ----------- ----------- Reinvested capital gains ...................................... 1,253 -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .......................... (4,436) -- -- =========== =========== ===========
10 10 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF OPERATIONS, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
FidVGr --------------------------------------------- 2000 1999 1998 ------------ ------------ ------------- Investment activity: Reinvested dividends ................................. $ 196,483 215,538 398,089 Mortality and expense risk charges (note 3) .......... (1,438,136) (1,145,435) (759,610) ------------ ------------ ------------ Net investment income .............................. (1,241,653) (929,897) (361,521) ------------ ------------ ------------ Proceeds from mutual funds shares sold ............... 20,493,336 91,394,903 85,473,779 Cost of mutual fund shares sold ...................... (16,880,509) (75,684,409) (75,903,979) ------------ ------------ ------------ Realized gain (loss) on investments ................ 3,612,827 15,710,494 9,569,800 Change in unrealized gain (loss) on investments ..................................... (42,932,678) 17,198,414 10,952,975 ------------ ------------ ------------ Net gain (loss) on investments ..................... (39,319,851) 32,908,908 20,522,775 ------------ ------------ ------------ Reinvested capital gains ............................. 19,550,081 13,551,946 10,413,177 ------------ ------------ ------------ Net increase (decrease) in contract owners equity resulting from operations ............... $(21,011,423) 45,530,957 30,574,431 ============ ============ ============
FidVHiln -------------------------------------------- 2000 1999 1998 ------------ ------------ ------------ Investment activity: Reinvested dividends ................................. 1,693,393 2,570,090 1,930,736 Mortality and expense risk charges (note 3) .......... (168,596) (197,828) (211,621) ------------ ------------ ------------ Net investment income .............................. 1,524,797 2,372,262 1,719,115 ------------ ------------ ------------ Proceeds from mutual funds shares sold ............... 9,968,353 29,571,691 16,168,581 Cost of mutual fund shares sold ...................... (10,903,346) (32,450,313) (16,734,695) ------------ ------------ ------------ Realized gain (loss) on investments ................ (934,993) (2,878,622) (566,114) Change in unrealized gain (loss) on investments ..................................... (6,237,391) 2,437,032 (3,958,695) ------------ ------------ ------------ Net gain (loss) on investments ..................... (7,172,384) (441,590) (4,524,809) ------------ ------------ ------------ Reinvested capital gains ............................. -- 96,078 1,226,822 ------------ ------------ ------------ Net increase (decrease) in contract owners equity resulting from operations ............... (5,647,587) 2,026,750 (1,578,872) ============ ============ ============
FidVOvSe -------------------------------------------- 2000 1999 1998 ------------ ------------ ------------ Investment activity: Reinvested dividends ................................. 425,125 332,184 372,727 Mortality and expense risk charges (note 3) .......... (230,607) (199,894) (167,806) ------------ ------------ ------------ Net investment income .............................. 194,518 132,290 204,921 ------------ ------------ ------------ Proceeds from mutual funds shares sold ............... 10,777,638 34,092,869 23,614,905 Cost of mutual fund shares sold ...................... (9,504,431) (31,976,653) (22,518,443) ------------ ------------ ------------ Realized gain (loss) on investments ................ 1,273,207 2,116,216 1,096,462 Change in unrealized gain (loss) on investments ..................................... (10,130,820) 6,394,423 2,343 ------------ ------------ ------------ Net gain (loss) on investments ..................... (8,857,613) 8,510,639 1,098,805 ------------ ------------ ------------ Reinvested capital gains ............................. 2,677,139 535,780 1,098,564 ------------ ------------ ------------ Net increase (decrease) in contract owners equity resulting from operations ............... (5,985,956) 9,178,709 2,402,290 ============ ============ ============
FidVAM --------------------------------------------- 2000 1999 1998 ------------ ------------ ------------- Investment activity: Reinvested dividends ................................. $ 1,031,299 1,040,155 894,977 Mortality and expense risk charges (note 3) .......... (267,155) (270,444) (239,207) ------------ ------------ ------------ Net investment income .............................. 764,144 769,711 655,770 ------------ ------------ ------------ Proceeds from mutual funds shares sold ............... 4,375,902 4,829,331 3,554,904 Cost of mutual fund shares sold ...................... (3,632,011) (3,813,802) (2,948,897) ------------ ------------ ------------ Realized gain (loss) on investments ................ 743,891 1,015,529 606,007 Change in unrealized gain (loss) on investments ..................................... (5,439,784) 26,818 28,492 ------------ ------------ ------------ Net gain (loss) on investments ..................... (4,695,893) 1,042,347 634,499 ------------ ------------ ------------ Reinvested capital gains ............................. 2,429,670 1,317,530 2,684,931 ------------ ------------ ------------ Net increase (decrease) in contract owners ....... equity resulting from operations ............... $ (1,502,079) 3,129,588 3,975,200 ============ ============ ============
FidVCon --------------------------------------------- 2000 1999 1998 ------------ ------------ ------------- Investment activity: Reinvested dividends ................................. 244,158 261,343 208,958 Mortality and expense risk charges (note 3) .......... (521,700) (460,248) (316,241) ------------ ------------ ------------ Net investment income .............................. (277,542) (198,905) (107,283) ------------ ------------ ------------ Proceeds from mutual funds shares sold ............... 7,260,544 25,340,625 5,270,262 Cost of mutual fund shares sold ...................... (5,658,545) (16,733,032) (3,518,595) ------------ ------------ ------------ Realized gain (loss) on investments ................ 1,601,999 8,607,593 1,751,667 Change in unrealized gain (loss) on investments ..................................... (15,273,672) 2,632,252 6,821,820 ------------ ------------ ------------ Net gain (loss) on investments ..................... (13,671,673) 11,239,845 8,573,487 ------------ ------------ ------------ Reinvested capital gains ............................. 8,862,945 1,916,516 1,537,336 ------------ ------------ ------------ Net increase (decrease) in contract owners ....... equity resulting from operations ............... (5,086,270) 12,957,456 10,003,540 ============ ============ ============
FidVGrOp --------------------------------------------- 2000 1999 1998 ------------ ------------ ------------- Investment activity: Reinvested dividends ................................. 77,263 58,964 20,203 Mortality and expense risk charges (note 3) .......... (40,980) (47,088) (35,749) ------------ ------------ ------------ Net investment income .............................. 36,283 11,876 (15,546) ------------ ------------ ------------ Proceeds from mutual funds shares sold ............... 5,312,933 3,165,507 6,596,939 Cost of mutual fund shares sold ...................... (5,576,382) (2,711,647) (6,370,749) ------------ ------------ ------------ Realized gain (loss) on investments ................ (263,449) 453,860 226,190 Change in unrealized gain (loss) on investments ..................................... (1,250,959) (343,328) 577,416 ------------ ------------ ------------ Net gain (loss) on investments ..................... (1,514,408) 110,532 803,606 ------------ ------------ ------------ Reinvested capital gains ............................. 391,834 110,237 70,230 ------------ ------------ ------------ Net increase (decrease) in contract owners ....... ' equity resulting from operations ............... (1,086,291) 232,645 858,290 ============ ============ ============
(Continued) 11 11 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF OPERATIONS, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
NSATEmMGM ---------------------------------------------- 2000 1999 1998 ---------- -------------- --------------- Investment activity: Reinvested dividends......................... $ -- -- -- Mortality and expense risk charges (note 3).. (21) -- -- ---------- -------------- -------------- Net investment income...................... (21) -- -- ---------- -------------- -------------- Proceeds from mutual funds shares sold 21,742 -- -- Cost of mutual fund shares sold.............. (22,889) -- -- ---------- -------------- -------------- Realized gain (loss) on investments........ (1,147) -- -- Change in unrealized gain (loss) on investments............................. (711) -- -- ---------- -------------- -------------- Net gain (loss) on investments............. (1,858) -- -- ---------- -------------- -------------- Reinvested capital gains..................... -- -- -- ---------- -------------- -------------- Net increase (decrease) in contract owners' equity resulting from operations....... $ (1,879) -- -- ========== ============== ==============
NSATGTecGM -------------------------------------------------- 2000 1999 1998 ---------- -------------- --------------- Investment activity: Reinvested dividends......................... -- -- Mortality and expense risk charges (note 3).. $ (918) -- -- ---------- -------------- -------------- Net investment income...................... (918) -- -- ---------- -------------- -------------- Proceeds from mutual funds shares sold...... 16,330 -- -- Cost of mutual fund shares sold............. (22,265) -- -- ---------- -------------- -------------- Realized gain (loss) on investments....... (5,935) -- -- Change in unrealized gain (loss) on investments............................ (233,078) -- -- ---------- -------------- -------------- Net gain (loss) on investments............ (239,013) -- -- ---------- -------------- -------------- Reinvested capital gains.................... 8,554 -- -- ---------- -------------- -------------- Net increase (decrease) in contract owners' equity resulting from operations...... $ (231,377) -- -- ========== ============== ==============
NSATIntGGM ------------------------------------------------ 2000 1999 1998 ---------- ------------- ------------------ Investment activity: Reinvested dividends......................... $ -- -- -- Mortality and expense risk charges (note 3).. (14) -- -- ---------- ------------- -------------- Net investment income...................... (14) -- -- ---------- ------------- -------------- Proceeds from mutual funds shares sold....... 23,858 -- -- Cost of mutual fund shares sold.............. (24,091) -- -- ---------- ------------- -------------- Realized gain (loss) on investments........ (233) -- -- Change in unrealized gain (loss) on investments............................. (168) -- -- ---------- ------------- -------------- Net gain (loss) on investments............. (401) -- -- ---------- ------------- -------------- Reinvested capital gains..................... -- -- -- ---------- ------------- -------------- Net increase (decrease) in contract owners' equity resulting from operations....... $ (415) -- -- ========== ============= ==============
JanACapApS ------------------------------------------- 2000 1999 1998 ---------- -------------- ------------ Investment activity: Reinvested dividends......................... $ 19,570 -- -- Mortality and expense risk charges (note 3) (10,464) -- -- ----------- -------------- -------------- Net investment income...................... 9,106 -- -- ----------- -------------- -------------- Proceeds from mutual funds shares sold....... 1,441,203 -- -- Cost of mutual fund shares sold.............. (1,508,835) -- -- ----------- -------------- -------------- Realized gain (loss) on investments........ (67,632) -- -- Change in unrealized gain (loss) on investments............................. (509,550) -- -- ----------- -------------- -------------- Net gain (loss) on investments............. (577,182) -- -- ----------- -------------- -------------- Reinvested capital gains..................... -- -- -- ----------- -------------- -------------- Net increase (decrease) in contract owners' equity resulting from operations....... $ (568,076) -- -- =========== ============== ==============
JanAGITchS -------------------------------------------- 2000 1999 1998 ---------- -------------- ------------- Investment activity: Reinvested dividends......................... $ 14,871 -- -- Mortality and expense risk charges (note 3).. (10,447) -- -- ----------- -------------- -------------- Net investment income...................... 4,424 -- -- ----------- -------------- -------------- Proceeds from mutual funds shares sold....... 733,862 -- -- Cost of mutual fund shares sold.............. (720,686) -- -- ----------- -------------- -------------- Realized gain (loss) on investments........ 13,176 -- -- Change in unrealized gain (loss) on investments............................. (1,148,444) -- -- ----------- -------------- -------------- Net gain (loss) on investments............. (1,135,268) -- -- ----------- -------------- -------------- Reinvested capital gains..................... -- -- ----------- -------------- -------------- Net increase (decrease) in contract owners' equity resulting from operations....... $(1,130,844) -- -- =========== ============== ==============
JanAintGrS ------------------------------------------------ 2000 1999 1998 ---------- --------------- ---------------- Investment activity: Reinvested dividends......................... $ 68,254 -- -- Mortality and expense risk charges (note 3).. (8,795) -- -- ----------- ------------- -------------- Net investment income...................... 59,459 -- -- ----------- ------------- -------------- Proceeds from mutual funds shares sold....... 1,279,606 -- -- Cost of mutual fund shares sold.............. (1,460,939) -- -- ----------- ------------- -------------- Realized gain (loss) on investments........ (181,333) -- -- Change in unrealized gain (loss) on investments............................. (349,293) -- -- ----------- ------------- -------------- Net gain (loss) on investments............. (530,626) -- -- ----------- ------------- -------------- Reinvested capital gains..................... -- -- -- ----------- ------------- -------------- Net increase (decrease) in contract owners' equity resulting from operations....... $ (471,167) -- -- =========== ============= ==============
12 12 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF OPERATIONS, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
NSATCapAp ---------------------------------------------- 2000 1999 1998 ------------ ------------ ------------ Investment activity: Reinvested dividends........................... $ 64,829 277,922 246,198 Mortality and expense risk charges (note 3) ... (262,581) (323,069) (258,178) ------------ ------------ ------------ Net investment income....................... (197,752) (45,147) (11,980) ------------ ------------ ------------ Proceeds from mutual funds shares sold 9,898,396 14,859,491 41,145,976 Cost of mutual fund shares sold............... (9,942,866) (13,314,168) (37,562,739) ------------ ------------ ------------ Realized gain (loss) on investments (44,470) 1,545,323 3,583,237 Change in unrealized gain (loss) on investments.............................. (16,033,473) (2,937,651) 2,897,785 ------------ ------------ ------------ Net gain (loss) on investments.............. (16,077,943) (1,392,328) 6,481,022 ------------ ------------ ------------ Reinvested capital gains...................... 6,018,129 2,820,485 1,139,693 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ....... $(10,257,566) 1,383,010 7,608,735 ============ ============ ============
NSATGvtBd ---------------------------------------------- 2000 1999 1998 ------------ ------------ ------------ Investment activity: Reinvested dividends........................... $ 692,626 787,049 635,908 Mortality and expense risk charges (note 3) ... (99,480) (121,678) (111,282) ------------ ------------ ------------ Net investment income....................... 593,146 665,371 524,626 ------------ ------------ ------------ Proceeds from mutual funds shares sold 10,368,266 29,946,083 43,945,372 Cost of mutual fund shares sold............... (10,500,566) (30,797,415) (43,540,184) ------------ ------------ ------------ Realized gain (loss) on investments (132,300) (851,332) 405,188 Change in unrealized gain (loss) on investments.............................. 822,785 (301,600) (159,490) ------------ ------------ ------------ Net gain (loss) on investments.............. 690,485 (1,152,932) 245,698 ------------ ------------ ------------ Reinvested capital gains...................... -- 25,753 67,018 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ....... $ 1,283,631 (461,808) 837,342 ============ ============ ============
NSATMCpSTR ------------------------------------------------- 2000 1999 1998 ------------ --------------- ------------- Investment activity: Reinvested dividends........................... $ -- -- -- Mortality and expense risk charges (note 3) ... (2,791) -- -- ------------ --------------- ------------ Net investment income....................... (2,791) -- -- ------------ --------------- ------------ Proceeds from mutual funds shares sold 1,977,764 -- -- Cost of mutual fund shares sold............... (2,065,729) -- -- ------------ --------------- ------------ Realized gain (loss) on investments (87,965) -- -- Change in unrealized gain (loss) on investments.............................. (109,003) -- -- ------------ --------------- ------------ Net gain (loss) on investments.............. (196,968) -- -- ------------ --------------- ------------ Reinvested capital gains...................... 14,918 -- -- ------------ --------------- ------------ Net increase (decrease) in contract owners' equity resulting from operations ....... $ (184,841) -- -- ============ =============== ============
NSATMCIxDR ---------------------------------------------- 2000 1999 1998 ------------ ------------ ------------ Investment activity: Reinvested dividends.......................... $ 5,044 -- -- Mortality and expense risk charges (note 3) .. (4,225) -- -- ------------ ------------ ------------ Net investment income....................... 819 -- -- ------------ ------------ ------------ Proceeds from mutual funds shares sold ....... 5,847,137 -- -- Cost of mutual fund shares sold... ........... (5,829,612) -- -- ------------ ------------ ------------ Realized gain (loss) on investments ........ 17,525 -- -- Change in unrealized gain (loss) on investments.............................. (68,941) -- -- ------------ ------------ ------------ Net gain (loss) on investments.............. (51,416) -- -- ------------ ------------ ------------ Reinvested capital gains...................... 59,565 -- -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ....... $ 8,968 -- -- ============ ============ ============
NSATMMkt ---------------------------------------------- 2000 1999 1998 ------------- ---------------- ------------ Investment activity: Reinvested dividends.......................... $ 3,057,620 2,607,883 2,517,296 Mortality and expense risk charges (note 3) .. (413,875) (415,133) (414,977) ------------- ------------- ------------ Net investment income....................... 2,643,745 2,192,750 2,102,319 ------------- ------------- ------------ Proceeds from mutual funds shares sold ....... 292,342,512 257,299,024 213,040,345 Cost of mutual fund shares sold... ........... (292,342,512) (257,299,024) (213,040,345) ------------- ------------- ------------ 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 ....... $ 2,643,745 2,192,750 2,102,319 ============= ============= ============
NSATMBdMAS ------------------------------------------------- 2000 1999 1998 ------------ --------------- ----------- Investment activity: Reinvested dividends.......................... $ 3,708 -- -- Mortality and expense risk charges (note 3) .. (220) -- -- ------------ --------------- ------------ Net investment income....................... 3,488 -- -- ------------ --------------- ------------ Proceeds from mutual funds shares sold ....... 237,528 -- -- Cost of mutual fund shares sold... ........... (238,314) -- -- ------------ --------------- ------------ Realized gain (loss) on investments ........ (786) -- -- Change in unrealized gain (loss) on investments.............................. 457 -- -- ------------ --------------- ------------ Net gain (loss) on investments.............. (329) -- -- ------------ --------------- ------------ Reinvested capital gains...................... -- -- -- ------------ --------------- ------------ Net increase (decrease) in contract owners' equity resulting from operations ....... $ 3,159 -- -- ============ =============== ============
(Continued) 13 13 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF OPERATIONS, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
NSATSmCapG -------------------------------------------- 2000 1999 1998 ------------- ------------- ------------- Investment activity: Reinvested dividends ............................. $ -- -- -- Mortality and expense risk charges (note 3) ...... (2,514) -- -- ------------ ------------ ------------ Net investment income .......................... (2,514) -- -- ------------ ------------ ------------ Proceeds from mutual funds shares sold ........... 1,286,406 -- -- Cost of mutual fund shares sold .................. (1,360,619) -- -- ------------ ------------ ------------ Realized gain (loss) on investments ............ (74,213) -- -- Change in unrealized gain (loss) on investments ................................. (167,853) -- -- ------------ ------------ ------------ Net gain (loss) on investments ................. (242,066) -- -- ------------ ------------ ------------ Reinvested capital gains ......................... 2,683 -- -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... $ (241,897) -- -- ============ ============ ============
NSATSmCapV -------------------------------------------- 2000 1999 1998 ------------- ------------- ------------- Investment activity: Reinvested dividends ............................. $ -- -- -- Mortality and expense risk charges (note 3) ...... (51,635) (12,857) (3,508) ------------ ------------ ------------ Net investment income .......................... (51,635) (12,857) (3,508) ------------ ------------ ------------ Proceeds from mutual funds shares sold ........... 9,626,402 38,165,993 1,549,129 Cost of mutual fund shares sold .................. (9,463,196) (37,730,603) (1,489,413) ------------ ------------ ------------ Realized gain (loss) on investments ............ 163,206 435,390 59,716 Change in unrealized gain (loss) on investments ................................. (1,082,758) (178,227) 31,642 ------------ ------------ ------------ Net gain (loss) on investments ................. (919,552) 257,163 91,358 ------------ ------------ ------------ Reinvested capital gains ......................... 1,418,043 463,979 -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... $ 446,856 708,285 87,850 ============ ============ ============
NSATSmCo -------------------------------------------- 2000 1999 1998 ------------- ------------- ------------- Investment activity: Reinvested dividends ............................. $ 8,275 -- -- Mortality and expense risk charges (note 3) ...... (220,692) (133,984) (115,584) ----------- ------------ ------------ Net investment income .......................... (212,417) (133,984) (115,584) ----------- ------------ ------------ Proceeds from mutual funds shares sold ........... 34,607,733 12,258,303 12,262,712 Cost of mutual fund shares sold .................. (25,554,105) (11,935,965) (13,098,101) ----------- ------------ ------------ Realized gain (loss) on investments ............ 9,053,628 322,338 (835,389) Change in unrealized gain (loss) on investments ................................. (12,312,627) 6,521,648 1,062,670 ----------- ------------ ------------ Net gain (loss) on investments ................. (3,258,999) 6,843,986 227,281 ----------- ------------ ------------ Reinvested capital gains ......................... 5,338,437 1,017,362 -- ----------- ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... $ 1,867,021 7,727,364 111,697 =========== ============ ============
NSATTotRtn -------------------------------------------- 2000 1999 1998 ------------- ------------- ------------- Investment activity: Reinvested dividends ............................. $ 612,176 663,979 923,892 Mortality and expense risk charges (note 3) ...... (736,850) (774,887) (673,496) ------------ ------------ ------------ Net investment income .......................... (124,674) (110,908) 250,396 ------------ ------------ ------------ Proceeds from mutual funds shares sold ........... 13,544,946 7,683,042 17,758,523 Cost of mutual fund shares sold .................. (9,201,670) (4,796,181) (10,907,631) ------------ ------------ ------------ Realized gain (loss) on investments ............ 4,343,276 2,886,861 6,850,892 Change in unrealized gain (loss) on investments ................................. (40,766,537) (615,625) 2,647,189 ------------ ------------ ------------ Net gain (loss) on investments ................. (36,423,261) 2,271,236 9,498,081 ------------ ------------ ------------ Reinvested capital gains ......................... 33,726,301 3,857,973 3,859,922 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... $ (2,821,634) 6,018,301 13,608,399 ============ ============ ============
NBAMTGro -------------------------------------------- 2000 1999 1998 ------------- ------------- ------------- Investment activity: Reinvested dividends ............................. $ -- -- -- Mortality and expense risk charges (note 3) ...... (326,947) (183,268) (153,887) ------------ ------------ ------------ Net investment income .......................... (326,947) (183,268) (153,887) ------------ ------------ ------------ Proceeds from mutual funds shares sold ........... 29,136,062 90,781,328 28,296,554 Cost of mutual fund shares sold .................. (19,441,919) (88,544,143) (30,054,251) ------------ ------------ ------------ Realized gain (loss) on investments ............ 9,694,143 2,237,185 (1,757,697) Change in unrealized gain (loss) on investments ................................. (18,572,555) 7,073,105 273,491 ------------ ------------ ------------ Net gain (loss) on investments ................. (8,878,412) 9,310,290 (1,484,206) ------------ ------------ ------------ Reinvested capital gains ......................... 3,211,533 1,124,154 4,778,935 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... $ (5,993,826) 10,251,176 3,140,842 ============ ============ ============
NBAMTGuard --------------------------------------------- 2000 1999 1998 ------------- ------------- -------------- Investment activity: Reinvested dividends ............................. $ 12,425 4,569 -- Mortality and expense risk charges (note 3) ...... (14,688) (12,787) (4,780) ------------ ------------ ------------ Net investment income .......................... (2,263) (8,218) (4,780) ------------ ------------ ------------ Proceeds from mutual funds shares sold ........... 2,733,360 8,197,327 1,186,919 Cost of mutual fund shares sold .................. (2,651,491) (8,110,096) (1,243,303) ------------ ------------ ------------ Realized gain (loss) on investments ............ 81,869 87,231 (56,384) Change in unrealized gain (loss) on investments ................................. (98,383) 43,771 53,662 ------------ ------------ ------------ Net gain (loss) on investments ................. (16,514) 131,002 (2,722) ------------ ------------ ------------ Reinvested capital gains ......................... -- -- -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... $ (18,777) 122,784 (7,502) ============ ============ ============
14 14 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF OPERATIONS, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
NBAMTLMat ------------------------------------------ 2000 1999 1998 ------------- ------------- ----------- Investment activity: Reinvested dividends .......................................... $ 306,913 277,113 365,591 Mortality and expense risk charges (note 3) ................... (32,093) (35,738) (42,729) ----------- ----------- ----------- Net investment income ....................................... 274,820 241,375 322,862 ----------- ----------- ----------- Proceeds from mutual funds shares sold ........................ 9,275,328 1,296,663 3,525,682 Cost of mutual fund shares sold ............................... (9,541,403) (1,370,958) (3,557,763) ----------- ----------- ----------- Realized gain (loss) on investments ......................... (266,075) (74,295) (32,081) Change in unrealized gain (loss) on investments .............................................. 223,548 (128,665) (88,989) ----------- ----------- ----------- Net gain (loss) on investments .............................. (42,527) (202,960) (121,070) ----------- ----------- ----------- Reinvested capital gains ...................................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........................ $ 232,293 38,415 201,792 =========== =========== ===========
NBAMTPart ----------------------------------------- 2000 1999 1998 ------------- ------------- ---------- Investment activity: Reinvested dividends .......................................... $ 217,800 395,343 123,869 Mortality and expense risk charges (note 3) ................... (194,093) (234,549) (254,428) ----------- ----------- ----------- Net investment income ....................................... 23,707 160,794 (130,559) ----------- ----------- ----------- Proceeds from mutual funds shares sold ........................ 11,982,768 10,213,406 16,262,946 Cost of mutual fund shares sold ............................... (14,409,112) (10,762,285) (15,129,583) ----------- ----------- ----------- Realized gain (loss) on investments ......................... (2,426,344) (548,879) 1,133,363 Change in unrealized gain (loss) on investments .............................................. (2,383,122) 1,854,882 (3,917,798) ----------- ----------- ----------- Net gain (loss) on investments .............................. (4,809,466) 1,306,003 (2,784,435) ----------- ----------- ----------- Reinvested capital gains ...................................... 4,631,886 687,554 3,901,869 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........................ $ (153,873) 2,154,351 986,875 =========== =========== ===========
OppAggGrVA ------------------------------------------ 2000 1999 1998 ------------- ------------- ----------- Investment activity: Reinvested dividends .......................................... $ -- -- -- Mortality and expense risk charges (note 3) ................... (9,718) -- -- ----------- ----------- ----------- Net investment income ....................................... (9,718) -- -- ----------- ----------- ----------- Proceeds from mutual funds shares sold ........................ 8,805,282 -- -- Cost of mutual fund shares sold ............................... (9,294,608) -- -- ----------- ----------- ----------- Realized gain (loss) on investments ......................... (489,326) -- -- Change in unrealized gain (loss) on investments .............................................. (435,498) -- -- ----------- ----------- ----------- Net gain (loss) on investments .............................. (924,824) -- -- ----------- ----------- ----------- Reinvested capital gains ...................................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........................ $ (934,542) -- -- =========== =========== ===========
OppBdVA ------------------------------------------ 2000 1999 1998 ------------- ------------- ----------- Investment activity: Reinvested dividends .......................................... $ 888,727 563,814 177,251 Mortality and expense risk charges (note 3) ................... (84,563) (91,553) (91,564) ----------- ----------- ----------- Net investment income ....................................... 804,164 472,261 85,687 ----------- ----------- ----------- Proceeds from mutual funds shares sold ........................ 2,331,159 3,691,017 25,959,216 Cost of mutual fund shares sold ............................... (2,569,226) (3,697,719) (25,616,936) ----------- ----------- ----------- Realized gain (loss) on investments ......................... (238,067) (6,702) 342,280 Change in unrealized gain (loss) on investments .............................................. 16,219 (794,086) 13,809 ----------- ----------- ----------- Net gain (loss) on investments .............................. (221,848) (800,788) 356,089 ----------- ----------- ----------- Reinvested capital gains ...................................... -- 54,146 160,413 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........................ $ 582,316 (274,381) 602,189 =========== =========== ===========
OppCapApVA ----------------------------------------- 2000 1999 1998 ------------- ------------- ---------- Investment activity: Reinvested dividends .......................................... $ 18,905 16,006 9,433 Mortality and expense risk charges (note 3) ................... (129,760) (48,619) (26,246) ----------- ----------- ----------- Net investment income ....................................... (110,855) (32,613) (16,813) ----------- ----------- ----------- Proceeds from mutual funds shares sold ........................ 10,473,722 25,212,861 5,173,603 Cost of mutual fund shares sold ............................... (8,613,035) (24,502,814) (4,835,421) ----------- ----------- ----------- Realized gain (loss) on investments ......................... 1,860,687 710,047 338,182 Change in unrealized gain (loss) on investments .............................................. (3,665,305) 1,735,399 109,336 ----------- ----------- ----------- Net gain (loss) on investments .............................. (1,804,618) 2,445,446 447,518 ----------- ----------- ----------- Reinvested capital gains ...................................... 1,008,850 175,824 113,813 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........................ $ (906,623) 2,588,657 544,518 =========== =========== ===========
OppGISecVA ------------------------------------------ 2000 1999 1998 ------------- ------------- ----------- Investment activity: Reinvested dividends .......................................... $ 99,579 255,944 389,267 Mortality and expense risk charges (note 3) ................... (313,312) (190,529) (147,592) ----------- ----------- ----------- Net investment income ....................................... (213,733) 65,415 241,675 ----------- ----------- ----------- Proceeds from mutual funds shares sold ........................ 4,035,642 6,535,136 4,690,056 Cost of mutual fund shares sold ............................... (2,393,689) (4,397,501) (3,335,880) ----------- ----------- ----------- Realized gain (loss) on investments ......................... 1,641,953 2,137,635 1,354,176 Change in unrealized gain (loss) on investments .............................................. (5,708,731) 9,595,322 (702,629) ----------- ----------- ----------- Net gain (loss) on investments .............................. (4,066,778) 11,732,957 651,547 ----------- ----------- ----------- Reinvested capital gains ...................................... 5,565,874 717,222 1,465,275 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........................ $ 1,285,363 12,515,594 2,358,497 =========== =========== ===========
15 15 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF OPERATIONS, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
OppMGrinVA ------------------------------------------------------- 2000 1999 1998 ----------- ----------- ------------- Investment activity: Reinvested dividends............................... $ -- -- -- Mortality and expense risk charges (note 3)........ (965) -- -- ----------- ----------- ----------- Net investment income............................ (965) -- -- ----------- ----------- ----------- Proceeds from mutual funds shares sold............. 100,863 -- -- Cost of mutual fund shares sold.................... (98,302) -- -- ----------- ----------- ----------- Realized gain (loss) on investments.............. 2,561 -- -- Change in unrealized gain (loss) on investments................................... (40,617) -- -- ----------- ----------- ----------- Net gain (loss) on investments................... (38,056) -- -- ----------- ----------- ----------- Reinvested capital gains........................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations............. $ (39,021) -- -- =========== =========== ===========
OppMltStVA ----------------------------------------------------- 2000 1999 1998 ----------- ----------- ------------ Investment activity: Reinvested dividends............................. $ 684,260 480,400 116,421 Mortality and expense risk charges (note 3)...... (125,117) (115,579) (104,971) ----------- ----------- ----------- Net investment income.......................... 559,143 364,821 11,450 ----------- ----------- ----------- Proceeds from mutual funds shares sold........... 4,981,698 2,796,637 1,906,489 Cost of mutual fund shares sold.................. (4,584,087) (2,391,468) (1,502,365) ----------- ----------- ----------- Realized gain (loss) on investments............ 397,611 405,169 404,124 Change in unrealized gain (loss) on investments................................. (1,160,185) 10,270 (366,305) ----------- ----------- ----------- Net gain (loss) on investments................. (762,574) 415,439 37,819 ----------- ----------- ----------- Reinvested capital gains......................... 993,822 694,901 675,242 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations........... $ 790,391 1,475,161 724,511 =========== =========== ===========
StOpp2 -------------------------------------------------------- 2000 1999 1998 ------------- ----------- ----------- Investment activity: Reinvested dividends........................... -- -- 71,635 Mortality and expense risk charges (note 3).... $ (355,887) (283,101) (220,760) ----------- ----------- ----------- Net investment income........................ (355,887) (283,101) (149,125) ----------- ----------- ----------- Proceeds from mutual funds shares sold......... 5,753,763 6,031,119 3,215,306 Cost of mutual fund shares sold................ (3,771,596) (4,291,744) (2,191,788) ----------- ----------- ----------- Realized gain (loss) on investments.......... 1,982,167 1,739,375 1,023,518 Change in unrealized gain (loss) on investments............................... (4,879,451) 5,430,662 (1,078,872) ----------- ----------- ----------- Net gain (loss) on investments............... (2,897,284) 7,170,037 (55,354) ----------- ----------- ----------- Reinvested capital gains....................... 5,562,609 3,541,869 3,488,003 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations......... $ 2,309,438 10,428,805 3,283,524 =========== =========== ===========
StDisc2 ----------------------------------------------------- 2000 1999 1998 ----------- ----------- ------------ Investment activity: Reinvested dividends........................... $ -- -- -- Mortality and expense risk charges (note 3).... (58,904) (53,820) (58,150) ----------- ----------- ----------- Net investment income........................ (58,904) (53,820) (58,150) ----------- ----------- ----------- Proceeds from mutual funds shares sold......... 6,435,185 6,370,593 4,234,899 Cost of mutual fund shares sold................ (5,882,290) (9,362,884) (3,682,201) ----------- ----------- ----------- Realized gain (loss) on investments.......... 752,995 (982,901) 552,698 Change in unrealized gain (loss) on investments............................... (482,257) 125,370 (128,321) ----------- ----------- ----------- Net gain (loss) on investments............... 270,638 (866,931) 424,377 ----------- ----------- ----------- Reinvested capital gains....................... -- 1,095,870 120,028 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations......... $ (211,734) 114,919 466,265 =========== =========== ===========
StIntStk2 ----------------------------------------------------- 2000 1999 1998 ----------- ----------- ------------ Investment activity: Reinvested dividends............................ $ -- 7,958 22,725 Mortality and expense risk charges (note 3)..... (49,525) (22,468) (15,028) ----------- ----------- ----------- Net investment income......................... (49,525) (14,510) 7,697 ----------- ----------- ----------- Proceeds from mutual funds shares sold.......... 45,151,810 12,615,085 4,328,033 Cost of mutual fund shares sold... (45,538,936) (11,285,141) (4,573,810) ----------- ----------- ----------- Realized gain (loss) on investments........... (387,126) 1,329,944 (245,777) Change in unrealized gain (loss) on investments................................ (1,546,991) 1,572,604 138,162 ----------- ----------- ----------- Net gain (loss) on investments................ (1,934,117) 2,902,548 (107,615) ----------- ----------- ----------- Reinvested capital gains........................ -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations.......... $ (1,983,642) 2,888,038 (99,918) =========== =========== ===========
NSATGFocTU --------------------------------------------------------- 2000 1999 1998 ------------- ----------- ------------ Investment activity: Reinvested dividends........................... $ -- -- -- Mortality and expense risk charges (note 3).... (100) -- -- ----------- ----------- ----------- Net investment income........................ (100) -- -- ----------- ----------- ----------- Proceeds from mutual funds shares sold......... 7,483 -- -- Cost of mutual fund shares sold................ (10,247) -- -- ----------- ----------- ----------- Realized gain (loss) on investments.......... (2,764) -- -- Change in unrealized gain (loss) on investments............................... (24,195) -- -- ----------- ----------- ----------- Net gain (loss) on investments............... (26,959) -- -- ----------- ----------- ----------- Reinvested capital gains....................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations......... $ (27,059) -- -- =========== =========== ===========
16 16 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF OPERATIONS, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
MSUEmMkt --------------------------------------------------------- 2000 1999 1998 --------------- ------------- ------------------ Investment activity: Reinvested dividends.......................... $ 108,788 84,322 37,885 Mortality and expense risk charges (note 3) .. (6,391) (3,195) (2,400) ------------- ----------- ----------- Net investment income....................... 102,397 81,127 35,485 ------------- ----------- ----------- Proceeds from mutual funds shares sold ....... 696,248 1,067,995 2,208,004 Cost of mutual fund shares sold............... (669,859) (1,041,803) (2,302,818) ------------- ----------- ----------- Realized gain (loss) on investments 26,389 26,192 (94,814) Change in unrealized gain (loss) on investments.............................. (38,552) 29,379 (33,784) ------------- ----------- ----------- Net gain (loss) on investments.............. (12,163) 55,571 (128,598) ------------- ----------- ----------- Reinvested capital gains...................... -- -- -- ------------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ....... $ 90,234 136,698 (93,113) ============= =========== ===========
MSUUSRealE -------------------------------------------------------- 2000 1999 1998 --------------- ------------- ------------- Investment activity: Reinvested dividends.......................... $ 514,484 400,217 12,298 Mortality and expense risk charges (note 3) .. (46,629) (44,010) (52,029) ----------- ----------- ----------- Net investment income....................... 467,855 356,207 (39,731) ----------- ----------- ----------- Proceeds from mutual funds shares sold ....... 11,404,275 6,089,310 4,635,925 Cost of mutual fund shares sold............... (10,957,678) (7,139,977) (5,200,298) ----------- ----------- ----------- Realized gain (loss) on investments 446,597 (1,050,667) (564,373) Change in unrealized gain (loss) on investments.............................. 443,730 478,383 (513,939) ----------- ----------- ----------- Net gain (loss) on investments.............. 890,327 (572,284) (1,078,312) ----------- ----------- ----------- Reinvested capital gains...................... 36,959 -- 121,016 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ....... $ 1,395,141 (216,077) (997,027) =========== =========== ===========
VEWwBd ------------------------------------------------------ 2000 1999 1998 ------------- ------------- ----------- Investment activity: Reinvested dividends.......................... $ 125,433 135,225 24,030 Mortality and expense risk charges (note 3) .. (21,681) (25,601) (26,599) ----------- ----------- ----------- Net investment income....................... 103,752 109,624 (2,569) ----------- ----------- ----------- Proceeds from mutual funds shares sold ....... 11,085,379 4,442,114 7,510,962 Cost of mutual fund shares sold............... (11,357,847) (4,822,035) (7,101,791) ----------- ----------- ----------- Realized gain (loss) on investments (272,468) (379,921) 409,171 Change in unrealized gain (loss) on investments.............................. 148,290 (74,747) (35,624) ----------- ----------- ----------- Net gain (loss) on investments.............. (124,178) (454,668) 373,547 ----------- ----------- ----------- Reinvested capital gains...................... -- 60,420 -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ....... $ (20,426) (284,624) 370,978 =========== =========== ===========
VEWwEmgMkt --------------------------------------------------------- 2000 1999 1998 --------------- ------------- ------------------ Investment activity: Reinvested dividends.......................... $ -- -- 20,182 Mortality and expense risk charges (note 3) .. (53,777) (32,044) (14,186) ------------- ----------- ----------- Net investment income....................... (53,777) (32,044) 5,996 ------------- ----------- ----------- Proceeds from mutual funds shares sold ....... 22,197,969 26,145,515 4,758,410 Cost of mutual fund shares sold............... (22,523,533) (24,002,878) (6,579,731) ------------- ----------- ----------- Realized gain (loss) on investments (325,564) 2,142,637 (1,821,321) Change in unrealized gain (loss) on investments.............................. (2,614,711) 1,939,640 923,464 ------------- ----------- ----------- Net gain (loss) on investments.............. (2,940,275) 4,082,277 (897,857) ------------- ----------- ----------- Reinvested capital gains...................... -- -- 17,939 ------------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ....... $ (2,994,052) 4,050,233 (873,922) ============= =========== ===========
VEWwHrdAst -------------------------------------------------------- 2000 1999 1998 --------------- ------------- ------------- Investment activity: Reinvested dividends.......................... $ 47,340 61,762 35,945 Mortality and expense risk charges (note 3) .. (36,261) (36,567) (38,345) ----------- ----------- ----------- Net investment income....................... 11,079 25,195 (2,400) ----------- ----------- ----------- Proceeds from mutual funds shares sold ....... 17,958,019 19,298,812 13,571,199 Cost of mutual fund shares sold............... (17,432,316) (18,689,697) (17,132,731) ----------- ----------- ----------- Realized gain (loss) on investments 525,703 609,115 (3,561,532) Change in unrealized gain (loss) on investments.............................. (152,863) 199,401 644,209 ----------- ----------- ----------- Net gain (loss) on investments.............. 372,840 808,516 (2,917,323) ----------- ----------- ----------- Reinvested capital gains...................... -- -- 882,647 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ....... $ 383,919 833,711 (2,037,076) =========== =========== ===========
WPTGloPVC ------------------------------------------------------ 2000 1999 1998 ------------- ------------- ----------- Investment activity: Reinvested dividends.......................... -- -- -- Mortality and expense risk charges (note 3) .. $ (26,477) (13,686) (6,193) ----------- ----------- ----------- Net investment income....................... (26,477) (13,686) (6,193) ----------- ----------- ----------- Proceeds from mutual funds shares sold ....... 21,730,640 11,451,361 4,879,898 Cost of mutual fund shares sold............... (21,573,716) (10,619,693) (4,873,755) ----------- ----------- ----------- Realized gain (loss) on investments 156,924 831,668 6,143 Change in unrealized gain (loss) on investments.............................. (1,447,278) 489,466 66,492 ----------- ----------- ----------- Net gain (loss) on investments.............. (1,290,354) 1,321,134 72,635 ----------- ----------- ----------- Reinvested capital gains...................... 359,529 -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ....... $ (957,302) 1,307,448 66,442 =========== =========== ===========
(Continued) 17 17 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF OPERATIONS, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
WPTIntEq --------------------------------------------- 2000 1999 1998 ------------- ------------- -------------- Investment activity: Reinvested dividends .......................... $ 51,283 106,392 50,333 Mortality and expense risk charges (note 3) ... (81,674) (70,225) (72,995) ------------ ------------ ------------ Net investment income ....................... (30,391) 36,167 (22,662) ------------ ------------ ------------ Proceeds from mutual funds shares sold ........ 11,655,731 19,261,615 9,538,799 Cost of mutual fund shares sold ............... (11,306,949) (18,047,381) (9,941,358) ------------ ------------ ------------ Realized gain (loss) on investments ......... 348,782 1,214,234 (402,559) Change in unrealized gain (loss) on investments .............................. (4,794,748) 3,271,039 929,287 ------------ ------------ ------------ Net gain (loss) on investments .............. (4,445,966) 4,485,273 526,728 ------------ ------------ ------------ Reinvested capital gains ...................... 1,233,063 -- -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........ $ (3,243,294) 4,521,440 504,066 ============ ============ ============
WPTSmCoGr --------------------------------------------- 2000 1999 1998 ------------- ------------- -------------- Investment activity: Reinvested dividends .......................... -- -- -- Mortality and expense risk charges (note 3) ... $ (216,538) (114,737) (106,735) ------------ ------------ ------------ Net investment income ....................... (216,538) (114,737) (106,735) ------------ ------------ ------------ Proceeds from mutual funds shares sold ........ 42,618,463 12,560,036 11,652,539 Cost of mutual fund shares sold ............... (37,312,904) (11,995,881) (11,657,359) ------------ ------------ ------------ Realized gain (loss) on investments ......... 5,305,559 564,155 (4,820) Change in unrealized gain (loss) on investments .............................. (18,360,336) 8,391,845 (287,723) ------------ ------------ ------------ Net gain (loss) on investments .............. (13,054,777) 8,956,000 (292,543) ------------ ------------ ------------ Reinvested capital gains ...................... 5,714,137 709,970 -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........ $ (7,557,178) 9,551,233 (399,278) ============ ============ ============
18 See accompanying notes to financial statements. 18 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
Total ACVPBal ----------------------------------------- -------------------------------------- 2000 1999 1998 2000 1999 1998 ------------- ---------- ---------- ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income ......................$ 5,292,428 6,438,144 5,411,041 99,419 61,381 34,630 Realized gain (loss) on investments ........ 61,135,620 57,750,755 30,828,999 (85,566) (51,696) 95,219 Change in unrealized gain (loss) on investments ........................... (263,179,099) 93,482,590 26,818,372 (306,371) (209,153) 37,264 Reinvested capital gains ................... 117,294,274 39,898,769 43,742,310 89,903 723,542 456,397 ------------- ------------- ---------- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations .............. (79,456,777) 197,570,258 106,800,722 (202,615) 524,074 623,510 ------------- ------------- ---------- ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .......................... 120,946,341 155,876,754 213,764,519 657,944 765,352 617,960 Transfers between funds .................... -- -- -- (516,182) (71,304) 1,045,491 Surrenders ................................. (41,340,894) (29,241,082) (20,881,099) (287,549) (170,759) (139,847) Death benefits (note 4) .................... (2,753,264) (5,189,106) (1,636,729) (2,238) (3,696) (12,665) Policy loans (net of repayments) (note 5) ................................. (18,700,994) (16,840,767) (15,272,227) (90,905) (109,266) (97,880) Deductions for surrender charges (note 2d) ................................ (3,783,229) (4,371,271) (2,374,941) (26,315) (25,527) (16,788) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ........................ (46,656,142) (46,509,797) (44,274,845) (253,169) (273,361) (164,907) Asset charges (note 3): MSP contracts ............................ (600,986) (560,395) (433,211) (5,232) (4,829) (2,706) LSFP contracts ........................... (385,150) (275,681) (123,032) (1,420) (912) (769) ------------- ------------- ---------- ---------- ---------- ---------- Net equity transactions ................ 6,725,682 52,888,655 128,768,435 (525,066) 105,698 1,227,889 ------------- ------------- ---------- ---------- ---------- ---------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............................ (72,731,095) 250,458,913 235,569,157 (727,681) 629,772 1,851,399 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ................................. 1,144,615,392 894,156,479 658,587,322 6,192,631 5,562,859 3,711,460 ------------- ------------- ---------- ---------- ---------- ---------- CONTRACT OWNERS' EQUITY END OF PERIOD ................................. $1,071,884,297 1,144,615,392 894,156,479 5,464,950 6,192,631 5,562,859 ============== ============= ========== ========== ========== ========== CHANGES IN UNITS: Beginning units ............................. 42,923,800 39,766,962 32,822,084 306,093 299,058 228,431 ---------- ------------- ---------- ---------- ---------- ---------- Units purchased ............................. 9,658,988 12,461,932 19,664,342 35,007 51,610 98,536 Units redeemed .............................. (8,398,585) (9,305,094) (12,719,464) (60,935) (44,575) (27,909) ---------- ------------- ---------- ---------- ---------- ---------- Ending units ............................... 44,184,203 42,923,800 39,766,962 280,165 306,093 299,058 ========== ============= ========== ========== ========== ========== ACVPCapAp -------------------------------------- 2000 1999 1998 ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income ......................$ (225,875) (108,580) (82,384) Realized gain (loss) on investments ........ 8,676,996 763,191 (727,084) Change in unrealized gain (loss) on investments ........................... (7,733,755) 6,761,369 (95,403) Reinvested capital gains ................... 750,781 -- 626,545 ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations .............. 1,468,147 7,415,980 (278,326) ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .......................... 2,321,398 1,955,940 2,567,119 Transfers between funds .................... 6,725,158 261,755 (1,460,314) Surrenders ................................. (1,026,955) (723,035) (537,440) Death benefits (note 4) .................... (20,053) (23,318) (1,791) Policy loans (net of repayments) (note 5) ................................. (635,720) (241,323) (208,014) Deductions for surrender charges (note 2d) ................................ (93,980) (108,087) (63,643) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ........................ (1,000,118) (687,205) (533,669) Asset charges (note 3): MSP contracts ............................ (12,135) (3,806) (5,721) LSFP contracts ........................... (4,320) (1,392) (1,625) ---------- ---------- ---------- Net equity transactions ................ 6,253,275 429,529 (245,098) ---------- ---------- ---------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............................. 7,721,422 7,845,509 (523,424) CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD .................................. 19,440,162 11,594,653 12,118,077 ---------- ---------- ---------- CONTRACT OWNERS' EQUITY END OF PERIOD .................................. $27,161,584 19,440,162 11,594,653 =========== ========== ========== CHANGES IN UNITS: Beginning units ............................. 851,973 825,873 825,721 ---------- ---------- ---------- Units purchased ............................. 379,881 175,114 217,853 Units redeemed .............................. (111,311) (149,014) (217,701) ---------- ---------- ---------- Ending units ................................ 1,120,543 851,973 825,873 ========== ========== ==========
19 (Continued) 19 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
ACVPIncGr ACVPInt -------------------------------------- -------------------------------------- 2000 1999 1998 2000 1999 1998 ---------- ---------- ---------- ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income ....................... $ (7,281) (26,446) (297) (160,634) (123,973) (51,730) Realized gain (loss) on investments ......... 272,347 461,156 (6,256) 4,676,153 2,485,788 236,130 Change in unrealized gain (loss) on investments ............................ (817,445) 247,602 131,508 (9,830,737) 6,850,984 538,699 Reinvested capital gains .................... -- -- -- 478,387 -- 498,647 ---------- ---------- ---------- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ............... (552,379) 682,312 124,955 (4,836,831) 9,212,799 1,221,746 ---------- ---------- ---------- ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................... 588,512 482,154 115,227 1,859,782 1,793,620 1,075,296 Transfers between funds ..................... 51,206 2,244,545 1,333,797 2,472,737 1,521,029 5,394,451 Surrenders .................................. (103,924) (56,332) (9,343) (699,631) (363,715) (91,333) Death benefits (note 4) ..................... (25,723) -- (1) (56,581) (15,489) (11,988) Policy loans (net of repayments) (note 5) .................................. (54,872) 49,802 (3,122) (164,750) (508,785) (25,253) Deductions for surrender charges (note 2d) ................................. (9,510) (8,421) (970) (64,025) (54,372) (7,357) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ......................... (149,381) (109,013) (14,226) (777,200) (578,192) (371,602) Asset charges (note 3): MSP contracts ............................. (3,446) (3,326) (527) (13,908) (9,808) (6,965) LSFP contracts ............................ (3,118) (4,278) (150) (14,309) (5,962) (1,978) ---------- ---------- ---------- ---------- ---------- ---------- Net equity transactions ................. 289,744 2,595,131 1,420,685 2,542,115 1,778,326 5,953,271 ---------- ---------- ---------- ---------- ---------- ---------- NET CHANGE IN CONTRACT OWNERS' EQUITY .............................. (262,635) 3,277,443 1,545,640 (2,294,716) 10,991,125 7,175,017 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ................................... 4,823,083 1,545,640 -- 24,752,338 13,761,213 6,586,196 ---------- ---------- ---------- ---------- ---------- ---------- CONTRACT OWNERS' EQUITY END OF PERIOD ................................... $4,560,448 4,823,083 1,545,640 22,457,622 24,752,338 13,761,213 ========== ========== ========== ========== ========== ========== CHANGES IN UNITS: Beginning units ............................. 378,466 142,086 -- 935,555 847,041 475,299 ---------- ---------- ---------- ---------- ---------- ---------- Units purchased ............................. 100,713 256,957 144,048 201,426 177,900 444,811 Units redeemed .............................. (75,269) (20,577) (1,962) (109,345) (89,386) (73,069) ---------- ---------- ---------- ---------- ---------- ---------- Ending units ................................ 403,910 378,466 142,086 1,027,636 935,555 847,041 ========== ========== ========== ========== ========== ========== ACVPValue -------------------------------------- 2000 1999 1998 ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income ....................... 7,825 5,292 (5,760) Realized gain (loss) on investments ......... 348,832 (14,581) (93,558) Change in unrealized gain (loss) on investments ............................ 414,821 (279,501) 7,367 Reinvested capital gains .................... 89,531 249,026 169,984 ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ............... 861,009 (39,764) 78,033 ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................... 396,314 536,794 402,104 Transfers between funds ..................... 2,843,992 (10,220) 705,143 Surrenders .................................. (139,365) (44,773) (64,948) Death benefits (note 4) ..................... -- (18,972) (2) Policy loans (net of repayments) (note 5) .................................. (132,570) (46,175) (39,222) Deductions for surrender charges (note 2d) ................................. (12,754) (6,693) (5,005) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ......................... (122,278) (138,847) (76,187) Asset charges (note 3): MSP contracts ............................. (2,874) (3,246) (1,389) LSFP contracts ............................ (4,255) (1,972) (394) ---------- ---------- ---------- Net equity transactions ................. 2,826,210 265,896 920,100 ---------- ---------- ---------- NET CHANGE IN CONTRACT OWNERS' EQUITY .............................. 3,687,219 226,132 998,133 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ................................... 2,939,382 2,713,250 1,715,117 ---------- ---------- ---------- CONTRACT OWNERS' EQUITY END OF PERIOD ................................... $6,626,601 2,939,382 2,713,250 ========== ========== ========== CHANGES IN UNITS: Beginning units ............................. 225,895 205,278 135,221 ---------- ---------- ---------- Units purchased ............................. 242,795 49,493 95,366 Units redeemed .............................. (33,581) (28,876) (25,309) ---------- ---------- ---------- Ending units ................................ 435,109 225,895 205,278 ========== ========== ==========
20 20 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
DrySRGr DryStkIx -------------------------------------- -------------------------------------- 2000 1999 1998 2000 1999 1998 ----------- ---------- ---------- ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income ................ $ 118 (112,443) (58,464) 213,640 346,881 332,459 Realized gain (loss) on investments .. 721,982 1,789,441 1,461,663 4,081,939 5,075,012 7,162,506 Change in unrealized gain (loss) on investments ..................... (3,257,761) 1,688,692 619,023 (16,940,040) 11,113,462 6,892,116 Reinvested capital gains ............. -- 646,972 429,304 1,618,261 920,361 156,109 ----------- ---------- ---------- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ........ (2,535,661) 4,012,662 2,451,526 (11,026,200) 17,455,716 14,543,190 ----------- ---------- ---------- ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .................... 2,490,032 2,602,017 2,646,682 12,374,808 13,344,420 8,792,308 Transfers between funds .............. 2,460,935 2,581,796 1,547,337 (5,097,368) 11,928,413 15,454,943 Surrenders ........................... (724,497) (387,508) (808,738) (3,029,913) (2,827,148) (489,388) Death benefits (note 4) .............. (47,303) (31,507) (3,645) (407,101) (157,295) (395,851) Policy loans (net of repayments) (note 5) ........................... (577,113) (488,829) (431,011) (1,621,944) (1,610,756) (500,204) Deductions for surrender charges (note 2d) .......................... (66,301) (57,929) (101,807) (277,277) (422,632) (44,357) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) .................. (1,048,030) (879,312) (448,348) (4,198,947) (4,097,507) (2,263,707) Asset charges (note 3): MSP contracts ...................... (9,779) (7,129) (5,343) (52,991) (54,699) (35,299) LSFP contracts ..................... (7,247) (5,332) (1,518) (60,980) (48,577) (10,025) ----------- ---------- ---------- ---------- ---------- ---------- Net equity transactions .......... 2,470,697 3,326,267 2,393,609 (2,371,713) 16,054,219 20,508,420 ----------- ---------- ---------- ---------- ---------- ---------- Net change in contract owners' equity ....................... (64,964) 7,338,929 4,845,135 (13,397,913) 33,509,935 35,051,610 Contract owners' equity beginning of period ............................ 19,399,304 12,060,375 7,215,240 112,551,441 79,041,506 43,989,896 ----------- ---------- ---------- ---------- ---------- ---------- Contract owners' equity end of period ............................ $19,334,340 19,399,304 12,060,375 99,153,528 112,551,441 79,041,506 =========== ========== ========== ========== ========== ========== CHANGES IN UNITS: Beginning units ...................... 556,165 446,957 340,755 3,543,874 2,959,968 2,067,906 ----------- ---------- ---------- ---------- ---------- ---------- Units purchased ...................... 149,111 173,727 166,034 448,057 907,973 1,147,227 Units redeemed ....................... (75,419) (64,519) (59,832) (531,576) (324,067) (255,165) ----------- ---------- ---------- ---------- ---------- ---------- Ending units ......................... 629,857 556,165 446,957 3,460,355 3,543,874 2,959,968 =========== ========== ========== ========== ========== ========== DryEuroEq -------------------------------------- 2000 1999 1998 ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income ................ $ (293) -- -- Realized gain (loss) on investments .. (6,913) -- -- Change in unrealized gain (loss) on investments ..................... 1,517 -- -- Reinvested capital gains ............. 1,253 -- -- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ........ (4,436) -- -- ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .................... 5,122 -- -- Transfers between funds .............. 113,027 -- -- Surrenders ........................... -- -- -- Death benefits (note 4) .............. -- -- -- Policy loans (net of repayments) (note 5) ........................... 2 -- -- Deductions for surrender charges (note 2d) .......................... -- -- -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) .................. (2,481) -- -- Asset charges (note 3): MSP contracts ...................... (27) -- -- LSFP contracts ..................... (6) -- -- ---------- ---------- ---------- Net equity transactions .......... 115,637 -- -- ---------- ---------- ---------- Net change in contract owners' equity ....................... 111,201 -- -- Contract owners' equity beginning of period ............................ -- -- -- ---------- ---------- ---------- Contract owners' equity end of period ............................ $ 111,201 -- -- ========== ========== ========== CHANGES IN UNITS: Beginning units ...................... -- -- -- ---------- ---------- ---------- Units purchased ...................... 12,230 -- -- Units redeemed ....................... (273) -- -- ---------- ---------- ---------- Ending units ......................... 11,957 -- -- ========== ========== ==========
(Continued) 21 21 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
DryVApp DryVGrInc -------------------------------------- -------------------------------------- 2000 1999 1998 2000 1999 1998 ---------- ---------- ---------- ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income ....................... $ (10,494) (13,667) (2,278) (1,576) 558 2,926 Realized gain (loss) on investments ......... 206,665 415,445 652,731 67,580 74,977 31,398 Change in unrealized gain (loss) on investments ............................ (365,322) 269,060 173,020 (314,432) 230,049 115,375 Reinvested capital gains .................... 80,911 29,215 1,151 113,207 87,323 29,897 ---------- ---------- ---------- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ............... (88,240) 700,053 824,624 (135,221) 392,907 179,596 ---------- ---------- ---------- ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................... 980,051 1,147,358 502,552 350,148 430,878 1,960,370 Transfers between funds ..................... (1,176,921) 2,166,937 3,058,005 289,849 18,919 533,213 Surrenders .................................. 101,300 (296,009) (44,456) (36,572) (34,300) (701,730) Death benefits (note 4) ..................... (8,995) (13,006) (4) -- (18,064) (2) Policy loans (net of repayments) (note 5) .................................. (150,408) (134,352) (18,317) (40,935) (18,736) (801,908) Deductions for surrender charges (note 2d) ................................. 9,270 (44,251) (5,020) (3,347) (5,128) (90,325) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ......................... (296,841) (299,558) (77,478) (130,262) (129,582) (66,760) Asset charges (note 3): MSP contracts ............................. (2,821) (3,070) (1,883) (3,923) (3,346) (1,044) LSFP contracts ............................ (5,196) (2,988) (535) (2,236) (1,645) (297) ---------- ---------- ---------- ---------- ---------- ---------- Net equity transactions ................. (550,561) 2,521,061 3,412,864 422,722 238,996 831,517 ---------- ---------- ---------- ---------- ---------- ---------- Net change in contract owners' equity .............................. (638,801) 3,221,114 4,237,488 287,501 631,903 1,011,113 Contract owners' equity beginning of period ................................... 7,890,198 4,669,084 431,596 2,845,869 2,213,966 1,202,853 ---------- ---------- ---------- ---------- ---------- ---------- Contract owners' equity end of period ................................... $7,251,397 7,890,198 4,669,084 3,133,370 2,845,869 2,213,966 ========== ========== ========== ========== ========== ========== CHANGES IN UNITS: Beginning units ............................. 540,642 353,868 42,264 191,266 172,937 104,366 ---------- ---------- ---------- ---------- ---------- ---------- Units purchased ............................. 100,075 246,230 334,723 44,176 59,773 85,459 Units redeemed .............................. (137,248) (59,456) (23,119) (15,119) (41,444) (16,888) ---------- ---------- ---------- ---------- ---------- ---------- Ending units ................................ 503,469 540,642 353,868 220,323 191,266 172,937 ========== ========== ========== ========== ========== ========== FidVEqIn -------------------------------------- 2000 1999 1998 ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income ....................... $ 764,744 519,590 382,966 Realized gain (loss) on investments ......... 4,331,220 6,406,550 2,246,297 Change in unrealized gain (loss) on investments ............................ (5,231,085) (5,267,170) 1,497,328 Reinvested capital gains .................... 5,255,479 2,726,961 3,551,403 ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ............... 5,120,358 4,385,931 7,677,994 ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................... 8,138,570 10,203,955 10,207,531 Transfers between funds ..................... (10,789,250) (3,247,107) 2,383,113 Surrenders .................................. (3,122,051) (2,431,139) (904,020) Death benefits (note 4) ..................... (189,944) (137,938) (80,375) Policy loans (net of repayments) (note 5) .................................. (1,035,827) (1,117,875) (597,978) Deductions for surrender charges (note 2d) ................................. (285,708) (363,433) (83,892) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ......................... (3,073,309) (3,725,075) (4,711,838) Asset charges (note 3): MSP contracts ............................. (38,789) (46,610) (42,703) LSFP contracts ............................ (19,695) (17,059) (12,127) ---------- ---------- ---------- Net equity transactions ................. (10,416,003) (882,281) 6,157,711 ---------- ---------- ---------- Net change in contract owners' equity .............................. (5,295,645) 3,503,650 13,835,705 Contract owners' equity beginning of period ................................... 87,067,928 83,564,278 69,728,573 ---------- ---------- ---------- Contract owners' equity end of period ................................... $81,772,283 87,067,928 83,564,278 ========== ========== ========== CHANGES IN UNITS: Beginning units ............................. 2,594,139 2,614,531 2,365,945 ---------- ---------- ---------- Units purchased ............................. 259,043 349,328 567,736 Units redeemed .............................. (576,976) (369,720) (319,150) ---------- ---------- ---------- Ending units ................................ 2,276,206 2,594,139 2,614,531 ========== ========== ==========
22 22 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
FidVGr FidVHiIn -------------------------------------- -------------------------------------- 2000 1999 1998 2000 1999 1998 ---------- ---------- ---------- ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income ..................... $ (1,241,653) (929,897) (361,521) 1,524,797 2,372,262 1,719,115 Realized gain (loss) on investments ....... 3,612,827 15,710,494 9,569,800 (934,993) (2,878,622) (566,114) Change in unrealized gain (loss) on investments .......................... (42,932,678) 17,198,414 10,952,975 (6,237,391) 2,437,032 (3,958,695) Reinvested capital gains .................. 19,550,081 13,551,946 10,413,177 -- 96,078 1,226,822 ------------ ---------- ---------- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ............. (21,011,423) 45,530,957 30,574,431 (5,647,587) 2,026,750 (1,578,872) ------------ ---------- ---------- ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ......................... 15,063,048 15,418,413 11,800,595 2,816,915 3,767,754 5,333,328 Transfers between funds ................... 2,949,689 13,284,488 6,611,922 (2,585,935) (4,726,508) 1,830,834 Surrenders ................................ (5,630,898) (3,962,266) (1,541,170) (1,009,915) (711,931) (481,342) Death benefits (note 4) ................... (464,693) (299,356) (54,733) (215,967) (83,542) (9,509) Policy loans (net of repayments) (note 5) ................................ (3,566,377) (3,173,351) (593,726) (36,510) (257,597) (379,699) Deductions for surrender charges (note 2d) ............................... (515,300) (592,322) (161,482) (92,420) (106,427) (54,547) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ....................... (6,864,591) (6,220,078) (4,387,847) (982,080) (1,219,918) (2,449,174) Asset charges (note 3): MSP contracts ........................... (69,249) (50,059) (52,749) (22,334) (29,175) (14,696) LSFP contracts .......................... (34,365) (23,234) (14,980) (7,947) (7,937) (4,173) ------------ ---------- ---------- ---------- ---------- ---------- Net equity transactions ............... 867,264 14,382,235 11,605,830 (2,136,193) (3,375,281) 3,771,022 ------------ ---------- ---------- ---------- ---------- ---------- Net change in contract owners' equity ............................ (20,144,159) 59,913,192 42,180,261 (7,783,780) (1,348,531) 2,192,150 Contract owners' equity beginning of period ................................. 177,055,951 117,142,759 74,962,498 26,005,933 27,354,464 25,162,314 ------------ ---------- ---------- ---------- ---------- ---------- Contract owners' equity end of period ................................. $156,911,792 177,055,951 117,142,759 18,222,153 26,005,933 27,354,464 ============ ========== ========== ========== ========== ========== CHANGES IN UNITS: Beginning units ........................... 3,435,387 3,041,033 2,626,715 1,081,513 1,213,502 995,908 ------------ ---------- ---------- ---------- ---------- ---------- Units purchased ........................... 378,450 730,961 739,051 140,914 174,332 371,192 Units redeemed ............................ (351,091) (336,607) (324,733) (249,998) (306,321) (153,598) ------------ ---------- ---------- ---------- ---------- ---------- Ending units ............................. 3,462,746 3,435,387 3,041,033 972,429 1,081,513 1,213,502 ============ ========== ========== ========== ========== ========== FidVOvSe -------------------------------------- 2000 1999 1998 ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income ..................... $ 194,518 132,290 204,921 Realized gain (loss) on investments ....... 1,273,207 2,116,216 1,096,462 Change in unrealized gain (loss) on investments .......................... (10,130,820) 6,394,423 2,343 Reinvested capital gains .................. 2,677,139 535,780 1,098,564 ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ............. (5,985,956) 9,178,709 2,402,290 ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ......................... 2,338,549 2,603,811 3,170,855 Transfers between funds ................... (191,092) (1,140,865) (323,986) Surrenders ................................ (1,476,671) (511,027) (367,369) Death benefits (note 4) ................... (31,249) (42,803) (33,198) Policy loans (net of repayments) (note 5) ................................ (709,130) (436,230) (393,533) Deductions for surrender charges (note 2d) ............................... (135,135) (76,394) (41,687) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ....................... (931,867) (936,056) (1,268,155) Asset charges (note 3): MSP contracts ........................... (9,547) (9,310) (11,653) LSFP contracts .......................... (8,001) (4,398) (3,309) ---------- ---------- ---------- Net equity transactions ............... (1,154,143) (553,272) 727,965 ---------- ---------- ---------- Net change in contract owners' equity ............................ (7,140,099) 8,625,437 3,130,255 Contract owners' equity beginning of period ................................. 30,848,846 22,223,409 19,093,154 ---------- ---------- ---------- Contract owners' equity end of period ................................. $23,708,747 30,848,846 22,223,409 ========== ========== ========== CHANGES IN UNITS: Beginning units ........................... 1,202,196 1,218,999 1,163,140 ---------- ---------- ---------- Units purchased ........................... 139,166 165,048 239,485 Units redeemed ............................ (194,788) (181,851) (183,626) ---------- ---------- ---------- Ending units .............................. 1,146,574 1,202,196 1,218,999 ========== ========== ==========
(Continued) 23 23 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
FidVAM FidVCon -------------------------------------- -------------------------------------- 2000 1999 1998 2000 1999 1998 ---------- ---------- ---------- ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income ....................... $ 764,144 769,711 655,770 (277,542) (198,905) (107,283) Realized gain (loss) on investments ......... 743,891 1,015,529 606,007 1,601,999 8,607,593 1,751,667 Change in unrealized gain (loss) on investments ............................ (5,439,784) 26,818 28,492 (15,273,672) 2,632,252 6,821,820 Reinvested capital gains .................... 2,429,670 1,317,530 2,684,931 8,862,945 1,916,516 1,537,336 ---------- ---------- ---------- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ............... (1,502,079) 3,129,588 3,975,200 (5,086,270) 12,957,456 10,003,540 ---------- ---------- ---------- ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................... 2,378,371 2,909,351 2,483,246 7,336,354 8,483,644 7,814,633 Transfers between funds ..................... (1,984,742) (2,311,042) 115,769 (2,948,975) 5,291,011 7,442,220 Surrenders .................................. (944,977) (832,733) (1,327,378) (2,212,824) (1,395,137) (1,418,496) Death benefits (note 4) ..................... (13,747) (42,640) (17,947) (73,090) (199,019) (122,001) Policy loans (net of repayments) (note 5) .................................. (368,885) (659,859) (195,419) (1,259,765) (834,500) (1,095,851) Deductions for surrender charges (note 2d) ................................. (86,478) (124,486) (149,118) (202,502) (208,560) (175,050) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ......................... (1,085,359) (1,199,744) (874,287) (2,638,799) (2,643,787) (1,378,370) Asset charges (note 3): MSP contracts ............................. (11,244) (11,668) (16,611) (38,581) (36,244) (21,960) LSFP contracts ............................ (3,046) (2,332) (4,717) (23,285) (18,084) (6,237) ---------- ---------- ---------- ---------- ---------- ---------- Net equity transactions ................. (2,120,107) (2,275,153) 13,538 (2,061,467) 8,439,324 11,038,888 ---------- ---------- ---------- ---------- ---------- ---------- Net change in contract owners' equity .............................. (3,622,186) 854,435 3,988,738 (7,147,737) 21,396,780 21,042,428 Contract owners' equity beginning of period ................................... 33,107,722 32,253,287 28,264,549 71,247,015 49,850,235 28,807,807 ---------- ---------- ---------- ---------- ---------- ---------- Contract owners' equity end of period ................................... $29,485,536 33,107,722 32,253,287 64,099,278 71,247,015 49,850,235 ========== ========== ========== ========== ========== ========== CHANGES IN UNITS: Beginning units ............................. 1,229,226 1,312,905 1,299,236 2,777,590 2,397,557 1,779,871 ---------- ---------- ---------- ---------- ---------- ---------- Units purchased ............................. 102,304 133,092 205,167 337,798 636,459 831,534 Units redeemed .............................. (180,893) (216,771) (191,498) (417,655) (256,426) (213,848) ---------- ---------- ---------- ---------- ---------- ---------- Ending units ................................ 1,150,637 1,229,226 1,312,905 2,697,733 2,777,590 2,397,557 ========== ========== ========== ========== ========== ========== FidVGrOp -------------------------------------- 2000 1999 1998 ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income ....................... 36,283 11,876 (15,546) Realized gain (loss) on investments ......... (263,449) 453,860 226,190 Change in unrealized gain (loss) on investments ............................ (1,250,959) (343,328) 577,416 Reinvested capital gains .................... 391,834 110,237 70,230 ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ............... (1,086,291) 232,645 858,290 ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................... 917,497 1,132,717 3,299,608 Transfers between funds ..................... (800,042) 12,561 3,732,648 Surrenders .................................. (161,720) (135,968) (1,598,688) Death benefits (note 4) ..................... (20,814) (53,293) (9,225) Policy loans (net of repayments) (note 5) .................................. (58,980) (44,200) (1,157,827) Deductions for surrender charges (note 2d) ................................. (14,800) (20,326) (205,666) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ......................... (280,822) (320,411) (136,692) Asset charges (note 3): MSP contracts ............................. (3,949) (5,191) (2,482) LSFP contracts ............................ (3,318) (2,905) (705) ---------- ---------- ---------- Net equity transactions ................. (426,948) 562,984 3,920,971 ---------- ---------- ---------- Net change in contract owners' equity .............................. (1,513,239) 795,629 4,779,261 Contract owners' equity beginning of period ................................... 6,683,909 5,888,280 1,109,019 ---------- ---------- ---------- Contract owners' equity end of period ................................... $ 5,170,670 6,683,909 5,888,280 ========== ========== ========== CHANGES IN UNITS: Beginning units ............................. 475,926 434,495 101,228 ---------- ---------- ---------- Units purchased ............................. 80,319 135,244 383,242 Units redeemed .............................. (109,332) (93,813) (49,975) ---------- ---------- ---------- Ending units ................................ 446,913 475,926 434,495 ========== ========== ==========
24 24 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
NSATEmMGM NSATGTecGM -------------------------------------- ------------------------------------- 2000 1999 1998 2000 1999 1998 ---------- ---------- ---------- ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income .......................$ (21) -- -- (918) -- -- Realized gain (loss) on investments ......... (1,147) -- -- (5,935) -- -- Change in unrealized gain (loss) on investments ............................ (711) -- -- (233,078) -- -- Reinvested capital gains .................... -- -- -- 8,554 -- -- ---------- ---------- ---------- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ............... (1,879) -- -- (231,377) -- -- ---------- ---------- ---------- ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................... 541 -- -- 13,606 -- -- Transfers between funds ..................... 10,816 -- -- 634,363 -- -- Surrenders .................................. -- -- -- -- -- -- Death benefits (note 4) ..................... -- -- -- -- -- -- Policy loans (net of repayments) (note 5) .................................. -- -- -- (641) -- -- Deductions for surrender charges (note 2d) ................................. -- -- -- -- -- -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ......................... (235) -- -- (9,740) -- -- Asset charges (note 3): MSP contracts ............................. -- -- -- (34) -- -- LSFP contracts ............................ -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- Net equity transactions ................. 11,122 -- -- 637,554 -- -- ---------- ---------- ---------- ---------- ---------- ---------- NET CHANGE IN CONTRACT OWNERS' EQUITY .............................. 9,243 -- -- 406,177 -- -- CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ................................... -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- CONTRACT OWNERS' EQUITY END OF PERIOD ...................................$ 9,243 -- -- 406,177 -- -- ========== ========== ========== ========== ========== ========== CHANGES IN UNITS: Beginning units ............................. -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- Units purchased ............................. 1,081 -- -- 68,793 -- -- Units redeemed .............................. (18) -- -- (1,147) -- -- ---------- ---------- ---------- ---------- ---------- ---------- Ending units ................................ 1,063 -- -- 67,646 -- -- ========== ========== ========== ========== ========== ========== NSATIntGGM ------------------------------------ 2000 1999 1998 ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income .......................$ (14) -- -- Realized gain (loss) on investments ......... (233) -- -- Change in unrealized gain (loss) on investments ............................ (168) -- -- Reinvested capital gains .................... -- -- -- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ............... (415) -- -- ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................... 2 -- -- Transfers between funds ..................... 4,696 -- -- Surrenders .................................. -- -- -- Death benefits (note 4) ..................... -- -- -- Policy loans (net of repayments) (note 5) .................................. (1) -- -- Deductions for surrender charges (note 2d) ................................. -- -- -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ......................... (100) -- -- Asset charges (note 3): MSP contracts ............................. -- -- -- LSFP contracts ............................ -- -- -- ---------- ---------- ---------- Net equity transactions ................. 4,597 -- -- ---------- ---------- ---------- NET CHANGE IN CONTRACT OWNERS' EQUITY ..............................$ 4,182 -- -- CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ................................... -- -- -- ---------- ---------- ---------- CONTRACT OWNERS' EQUITY END OF PERIOD ................................... 4,182 -- -- ========== ========== ========== CHANGES IN UNITS: Beginning units ............................. -- -- -- ---------- ---------- ---------- Units purchased ............................. 464 -- -- Units redeemed .............................. (11) -- -- ---------- ---------- ---------- Ending units ................................ 453 -- -- ========== ========== ========== (Continued)
25 25 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
JanACapApS JanAGlTchS -------------------------------------- -------------------------------------- 2000 1999 1998 2000 1999 1998 ---------- ---------- ---------- ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income .......................$ 9,106 -- -- 4,424 -- -- Realized gain (loss) on investments ......... (67,632) -- -- 13,176 -- -- Change in unrealized gain (loss) on investments ............................ (509,550) -- -- (1,148,444) -- -- Reinvested capital gains .................... -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ............... (568,076) -- -- (1,130,844) -- -- ---------- ---------- ---------- ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................... 163,374 -- -- 200,047 -- -- Transfers between funds ..................... 3,483,176 -- -- 3,477,054 -- -- Surrenders .................................. (18,995) -- -- (16,070) -- -- Death benefits (note 4) ..................... -- -- -- -- -- -- Policy loans (net of repayments) (note 5) .................................. (36,245) -- -- (15,097) -- -- Deductions for surrender charges (note 2d) ................................. (1,738) -- -- (1,471) -- -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ......................... (66,641) -- -- (59,588) -- -- Asset charges (note 3): MSP contracts ............................. (1,552) -- -- (1,521) -- -- LSFP contracts ............................ (436) -- -- (407) -- -- ---------- ---------- ---------- ---------- ---------- ---------- Net equity transactions ................. 3,520,943 -- -- 3,582,947 -- -- ---------- ---------- ---------- ---------- ---------- ---------- NET CHANGE IN CONTRACT OWNERS' EQUITY .............................. 2,952,867 -- -- 2,452,103 -- -- CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ................................... -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- CONTRACT OWNERS' EQUITY END OF PERIOD ...................................$ 2,952,867 -- -- 2,452,103 -- -- ========== ========== ========== ========== ========== ========== CHANGES IN UNITS: Beginning units ............................. -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- Units purchased ............................. 387,744 -- -- 375,042 -- -- Units redeemed .............................. (13,774) -- -- (11,485) -- -- ---------- ---------- ---------- ---------- ---------- ---------- Ending units ................................ 373,970 -- -- 363,557 -- -- ========== ========== ========== ========== ========== ========== JanAIntGrS ------------------------------------- 2000 1999 1998 ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income .......................$ 59,459 -- -- Realized gain (loss) on investments ......... (181,333) -- -- Change in unrealized gain (loss) on investments ............................ (349,293) -- -- Reinvested capital gains .................... -- -- -- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ............... (471,167) -- -- ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................... 121,443 -- -- Transfers between funds ..................... 2,598,237 -- -- Surrenders .................................. (16,540) -- -- Death benefits (note 4) ..................... -- -- -- Policy loans (net of repayments) (note 5) .................................. (11,714) -- -- Deductions for surrender charges (note 2d) ................................. (1,514) -- -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ......................... (34,493) -- -- Asset charges (note 3): MSP contracts ............................. (1,038) -- -- LSFP contracts ............................ (146) -- -- ---------- ---------- ---------- Net equity transactions ................. 2,654,235 -- -- ---------- ---------- ---------- NET CHANGE IN CONTRACT OWNERS' EQUITY .............................. 2,183,068 -- -- CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ................................... -- -- -- ---------- ---------- ---------- CONTRACT OWNERS' EQUITY END OF PERIOD ................................... $2,183,068 -- -- ========== ========== ========== CHANGES IN UNITS: Beginning units ............................. -- -- -- ---------- ---------- ---------- Units purchased ............................. 284,504 -- -- Units redeemed .............................. (8,421) -- -- ---------- ---------- ---------- Ending units ................................ 276,083 -- -- ========== ========== ==========
26 26 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
NSATCapAp NSATGvtBd -------------------------------------- -------------------------------------- 2000 1999 1998 2000 1999 1998 ---------- ---------- ---------- ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income .......................$ (197,752) (45,147) (11,980) 593,146 665,371 524,626 Realized gain (loss) on investments ......... (44,470) 1,545,323 3,583,237 (132,300) (851,332) 405,188 Change in unrealized gain (loss) on investments ............................ (16,033,473) (2,937,651) 2,897,785 822,785 (301,600) (159,490) Reinvested capital gains .................... 6,018,129 2,820,485 1,139,693 -- 25,753 67,018 ---------- ---------- ---------- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ............... (10,257,566) 1,383,010 7,608,735 1,283,631 (461,808) 837,342 ---------- ---------- ---------- ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................... 5,307,598 6,414,922 4,921,929 943,979 755,607 1,866,413 Transfers between funds ..................... (7,322,445) (902,464) 9,212,515 (1,337,392) 381,498 3,757,206 Surrenders .................................. (1,101,685) (1,464,698) (339,981) (403,544) (310,304) (140,551) Death benefits (note 4) ..................... (67,374) (26,646) (12,217) (5,619) (3,017) (50,211) Policy loans (net of repayments) (note 5) .................................. (651,768) (839,186) (247,383) (161,143) (495,291) (220,482) Deductions for surrender charges (note 2d) ................................. (100,818) (218,959) (30,979) (36,929) (46,387) (15,200) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ......................... (1,990,000) (2,416,248) (1,558,711) (631,603) (500,735) (989,812) Asset charges (note 3): MSP contracts ............................. (20,853) (26,238) (17,928) (9,707) (13,045) (7,727) LSFP contracts ............................ (15,363) (15,764) (5,092) (4,392) (2,382) (2,195) ---------- ---------- ---------- ---------- ---------- ---------- Net equity transactions ................. (5,962,708) 504,719 11,922,153 (1,646,350) (234,056) 4,197,441 ---------- ---------- ---------- ---------- ---------- ---------- NET CHANGE IN CONTRACT OWNERS' EQUITY .............................. (16,220,274) 1,887,729 19,530,888 (362,719) (695,864) 5,034,783 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ................................... 43,171,073 41,283,344 21,752,456 13,361,909 14,057,773 9,022,990 ---------- ---------- ---------- ---------- ---------- ---------- CONTRACT OWNERS' EQUITY END OF PERIOD ...................................$ 26,950,799 43,171,073 41,283,344 12,999,190 13,361,909 14,057,773 ========== ========== ========== ========== ========== ========== CHANGES IN UNITS: Beginning units ............................. 1,403,197 1,381,944 921,237 791,927 790,689 533,745 ---------- ---------- ---------- ---------- ---------- ---------- Units purchased ............................. 187,771 272,423 596,887 74,451 135,050 337,324 Units redeemed .............................. (389,578) (251,170) (136,180) (169,431) (133,812) (80,380) ---------- ---------- ---------- ---------- ---------- ---------- Ending units ................................ 1,201,390 1,403,197 1,381,944 696,947 791,927 790,689 ========== ========== ========== ========== ========== ========== NSATMCpSTR -------------------------------------- 2000 1999 1998 ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income .......................$ (2,791) -- -- Realized gain (loss) on investments ......... (87,965) -- -- Change in unrealized gain (loss) on investments ............................ (109,003) -- -- Reinvested capital gains .................... 14,918 -- -- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ............... (184,841) -- -- ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................... 52,824 -- -- Transfers between funds ..................... 989,506 -- -- Surrenders .................................. (1,135) -- -- Death benefits (note 4) ..................... -- -- -- Policy loans (net of repayments) (note 5) .................................. (20,424) -- -- Deductions for surrender charges (note 2d) ................................. (104) -- -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ......................... (14,396) -- -- Asset charges (note 3): MSP contracts ............................. (656) -- -- LSFP contracts ............................ (36) -- -- ---------- ---------- ---------- Net equity transactions ................. 1,005,579 -- -- ---------- ---------- ---------- NET CHANGE IN CONTRACT OWNERS' EQUITY .............................. 820,738 -- -- CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ................................... -- -- -- ---------- ---------- ---------- CONTRACT OWNERS' EQUITY END OF PERIOD ...................................$ 820,738 -- -- ========== ========== ========== CHANGES IN UNITS: Beginning units ............................. -- -- -- ---------- ---------- ---------- Units purchased ............................. 105,044 -- -- Units redeemed .............................. (3,870) -- -- ---------- ---------- ---------- Ending units ................................ 101,174 -- -- ========== ========== ==========
(Continued) 27 27 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
NSATMCIxDR NSATMMkt ------------------------------------- -------------------------------------- 2000 1999 1998 2000 1999 1998 ---------- ---------- ---------- ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income .......................$ 819 -- -- 2,643,745 2,192,750 2,102,319 Realized gain (loss) on investments ......... 17,525 -- -- -- -- -- Change in unrealized gain (loss) on investments ............................ (68,941) -- -- -- -- -- Reinvested capital gains .................... 59,565 -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ............... 8,968 -- -- 2,643,745 2,192,750 2,102,319 ---------- ---------- ---------- ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................... 32,770 -- -- 9,251,495 33,970,462 87,844,599 Transfers between funds ..................... 1,786,882 -- -- (7,781,365) (20,060,327) (81,357,019) Surrenders .................................. (2,384) -- -- (3,720,656) (2,949,962) (1,151,432) Death benefits (note 4) ..................... -- -- -- (45,052) (1,748,315) (5,841) Policy loans (net of repayments) (note 5) .................................. (7,462) -- -- 335,834 257,119 (233,125) Deductions for surrender charges (note 2d) ................................. (218) -- -- (340,488) (440,992) (117,086) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ......................... (19,481) -- -- (1,615,471) (2,710,844) (3,968,229) Asset charges (note 3): MSP contracts ............................. (199) -- -- (45,443) (55,122) (28,816) LSFP contracts ............................ (87) -- -- (27,847) (32,642) (8,184) ---------- ---------- ---------- ---------- ---------- ---------- Net equity transactions ................. 1,789,821 -- -- (3,988,993) 6,229,377 974,867 ---------- ---------- ---------- ---------- ---------- ---------- NET CHANGE IN CONTRACT OWNERS' EQUITY .............................. 1,798,789 -- -- (1,345,248) 8,422,127 3,077,186 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ................................... -- -- -- 55,937,112 47,514,985 44,437,799 ---------- ---------- ---------- ---------- ---------- ---------- CONTRACT OWNERS' EQUITY END OF PERIOD ...................................$ 1,798,789 -- -- 54,591,864 55,937,112 47,514,985 ========== ========== ========== ========== ========== ========== CHANGES IN UNITS: Beginning units ............................. -- -- -- 4,122,003 3,682,600 3,564,656 ---------- ---------- ---------- ---------- ---------- ---------- Units purchased ............................. 174,796 -- -- 935,006 3,648,845 7,770,157 Units redeemed .............................. (2,903) -- -- (1,227,483) (3,209,442) (7,652,213) ---------- ---------- ---------- ---------- ---------- ---------- Ending units ................................ 171,893 -- -- 3,829,526 4,122,003 3,682,600 ========== ========== ========== ========== ========== ========== NSATMBdMAS ------------------------------------- 2000 1999 1998 ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income .......................$ 3,488 -- -- Realized gain (loss) on investments ......... (786) -- -- Change in unrealized gain (loss) on investments ............................ 457 -- -- Reinvested capital gains .................... -- -- -- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ............... 3,159 -- -- ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................... 2,289 -- -- Transfers between funds ..................... 82,990 -- -- Surrenders .................................. -- -- -- Death benefits (note 4) ..................... -- -- -- Policy loans (net of repayments) (note 5) .................................. (190) -- -- Deductions for surrender charges (note 2d) ................................. -- -- -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ......................... (1,041) -- -- Asset charges (note 3): MSP contracts ............................. (115) -- -- LSFP contracts ............................ (4) -- -- ---------- ---------- ---------- Net equity transactions ................. 83,929 -- -- ---------- ---------- ---------- NET CHANGE IN CONTRACT OWNERS' EQUITY .............................. 87,088 -- -- CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ................................... -- -- -- ---------- ---------- ---------- CONTRACT OWNERS' EQUITY END OF PERIOD ...................................$ 87,088 -- -- ========== ========== ========== CHANGES IN UNITS: Beginning units ............................. -- -- -- ---------- ---------- ---------- Units purchased ............................. 8,485 -- -- Units redeemed .............................. (152) -- -- ---------- ---------- ---------- Ending units ................................ 8,333 -- -- ========== ========== ==========
28 28 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
NSATSmCapG NSATSmCapV -------------------------------------- -------------------------------------- 2000 1999 1998 2000 1999 1998 ---------- ---------- ---------- ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income .......................$ (2,514) -- -- (51,635) (12,857) (3,508) Realized gain (loss) on investments ......... (74,213) -- -- 163,206 435,390 59,716 Change in unrealized gain (loss) on investments ............................ (167,853) -- -- (1,082,758) (178,227) 31,642 Reinvested capital gains .................... 2,683 -- -- 1,418,043 463,979 -- ---------- ---------- ---------- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ............... (241,897) -- -- 446,856 708,285 87,850 ---------- ---------- ---------- ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................... 34,629 -- -- 441,523 205,584 495,836 Transfers between funds ..................... 992,140 -- -- 4,096,956 1,364,159 742,114 Surrenders .................................. (8,200) -- -- (460,458) (9,301) (342,834) Death benefits (note 4) ..................... -- -- -- (1,053) -- (1) Policy loans (net of repayments) (note 5) .................................. (923) -- -- (43,917) (17,764) (92,219) Deductions for surrender charges (note 2d) ................................. (750) -- -- (42,138) (1,390) (44,169) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ......................... (14,507) -- -- (151,631) (60,914) (5,642) Asset charges (note 3): MSP contracts ............................. (255) -- -- (2,859) (3,844) (244) LSFP contracts ............................ (8) -- -- (7,330) (2,270) (69) ---------- ---------- ---------- ---------- ---------- ---------- Net equity transactions ................. 1,002,126 -- -- 3,829,093 1,474,260 752,772 ---------- ---------- ---------- ---------- ---------- ---------- NET CHANGE IN CONTRACT OWNERS' EQUITY .............................. 760,229 -- -- 4,275,949 2,182,545 840,622 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ................................... -- -- -- 3,023,167 840,622 -- ---------- ---------- ---------- ---------- ---------- ---------- CONTRACT OWNERS' EQUITY END OF PERIOD ...................................$ 760,229 -- -- 7,299,116 3,023,167 840,622 ========== ========== ========== ========== ========== ========== CHANGES IN UNITS: Beginning units ............................. -- -- -- 277,593 98,226 -- ---------- ---------- ---------- ---------- ---------- ---------- Units purchased ............................. 96,894 -- -- 411,148 195,544 103,305 Units redeemed .............................. (2,781) -- -- (78,003) (16,177) (5,079) ---------- ---------- ---------- ---------- ---------- ---------- Ending units ................................ 94,113 -- -- 610,738 277,593 98,226 ========== ========== ========== ========== ========== ========== NSATSmCo -------------------------------------- 2000 1999 1998 ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income .......................$ (212,417) (133,984) (115,584) Realized gain (loss) on investments ......... 9,053,628 322,338 (835,389) Change in unrealized gain (loss) on investments ............................ (12,312,627) 6,521,648 1,062,670 Reinvested capital gains .................... 5,338,437 1,017,362 -- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ............... 1,867,021 7,727,364 111,697 ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................... 2,677,792 3,047,229 2,534,601 Transfers between funds ..................... 2,990,395 108,189 2,008,259 Surrenders .................................. (609,371) (506,958) (175,480) Death benefits (note 4) ..................... (168,776) (58,447) (24,329) Policy loans (net of repayments) (note 5) .................................. (467,147) (304,105) (112,094) Deductions for surrender charges (note 2d) ................................. (55,765) (75,786) (19,078) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ......................... (1,160,409) (1,042,927) (497,764) Asset charges (note 3): MSP contracts ............................. (21,930) (14,377) (8,027) LSFP contracts ............................ (16,087) (6,706) (2,279) ---------- ---------- ---------- Net equity transactions ................. 3,168,702 1,146,112 3,703,809 ---------- ---------- ---------- NET CHANGE IN CONTRACT OWNERS' EQUITY .............................. 5,035,723 8,873,476 3,815,506 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ................................... 26,368,753 17,495,277 13,679,771 ---------- ---------- ---------- CONTRACT OWNERS' EQUITY END OF PERIOD ...................................$ 31,404,476 26,368,753 17,495,277 ========== ========== ========== CHANGES IN UNITS: Beginning units ............................. 1,185,688 1,118,367 868,843 ---------- ---------- ---------- Units purchased ............................. 234,167 222,497 385,824 Units redeemed .............................. (113,594) (155,176) (136,300) ---------- ---------- ---------- Ending units ................................ 1,306,261 1,185,688 1,118,367 ========== ========== ==========
(Continued) 29 29 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
NSATTotRtn NBAMTGro -------------------------------------- -------------------------------------- 2000 1999 1998 2000 1999 1998 ---------- ---------- ---------- ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income .......................$ (124,674) (110,908) 250,396 (326,947) (183,268) (153,887) Realized gain (loss) on investments ......... 4,343,276 2,886,861 6,850,892 9,694,143 2,237,185 (1,757,697) Change in unrealized gain (loss) on investments ............................ (40,766,537) (615,625) 2,647,189 (18,572,555) 7,073,105 273,491 Reinvested capital gains .................... 33,726,301 3,857,973 3,859,922 3,211,533 1,124,154 4,778,935 ---------- ---------- ---------- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ............... (2,821,634) 6,018,301 13,608,399 (5,993,826) 10,251,176 3,140,842 ---------- ---------- ---------- ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................... 12,173,163 14,477,695 18,994,728 3,061,931 2,741,841 3,124,257 Transfers between funds ..................... (9,625,991) (3,544,992) 6,079,393 9,518,532 (2,585,171) 3,739,437 Surrenders .................................. (3,857,717) (2,714,451) (1,330,528) (1,565,105) (733,093) (1,015,843) Death benefits (note 4) ..................... (355,642) (233,861) (120,757) (35,426) (1,410,172) (13,565) Policy loans (net of repayments) (note 5) .................................. (2,458,440) (2,351,544) (809,785) (903,203) (530,684) (1,132,396) Deductions for surrender charges (note 2d) ................................. (353,031) (405,785) (122,860) (143,228) (109,591) (120,721) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ......................... (5,594,595) (6,266,041) (11,763,303) (1,638,100) (1,049,294) (741,732) Asset charges (note 3): MSP contracts ............................. (42,471) (46,751) (46,769) (20,766) (9,624) (10,686) LSFP contracts ............................ (21,288) (17,691) (13,282) (11,928) (4,427) (3,035) ---------- ---------- ---------- ---------- ---------- ---------- Net equity transactions ................. (10,136,012) (1,103,421) 10,866,837 8,262,707 (3,690,215) 3,825,716 ---------- ---------- ---------- ---------- ---------- ---------- NET CHANGE IN CONTRACT OWNERS' EQUITY .............................. (12,957,646) 4,914,880 24,475,236 2,268,881 6,560,961 6,966,558 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ................................... 104,030,242 99,115,362 74,640,126 31,072,683 24,511,722 17,545,164 ---------- ---------- ---------- ---------- ---------- ---------- CONTRACT OWNERS' EQUITY END OF PERIOD ...................................$ 91,072,596 104,030,242 99,115,362 33,341,564 31,072,683 24,511,722 ========== ========== ========== ========== ========== ========== CHANGES IN UNITS: Beginning units ............................. 3,151,278 3,169,018 2,765,509 862,532 1,004,418 804,751 ---------- ---------- ---------- ---------- ---------- ---------- Units purchased ............................. 376,602 505,511 788,836 320,777 172,219 324,798 Units redeemed .............................. (680,269) (523,251) (385,327) (110,256) (314,105) (125,131) ---------- ---------- ---------- ---------- ---------- ---------- Ending units ................................ 2,847,611 3,151,278 3,169,018 1,073,053 862,532 1,004,418 ========== ========== ========== ========== ========== ========== NBAMTGuard -------------------------------------- 2000 1999 1998 ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income .......................$ (2,263) (8,218) (4,780) Realized gain (loss) on investments ......... 81,869 87,231 (56,384) Change in unrealized gain (loss) on investments ............................ (98,383) 43,771 53,662 Reinvested capital gains .................... -- -- -- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ............... (18,777) 122,784 (7,502) ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................... 236,546 241,772 149,649 Transfers between funds ..................... (205,049) 1,149,560 831,617 Surrenders .................................. (207,025) (18,129) (64,538) Death benefits (note 4) ..................... (13,947) (281) (1) Policy loans (net of repayments) (note 5) .................................. (1,956) (19,356) (25,325) Deductions for surrender charges (note 2d) ................................. (18,946) (2,710) (8,207) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ......................... (64,600) (59,481) (17,066) Asset charges (note 3): MSP contracts ............................. (1,487) (1,168) (332) LSFP contracts ............................ (1,145) (701) (94) ---------- ---------- ---------- Net equity transactions ................. (277,609) 1,289,506 865,703 ---------- ---------- ---------- NET CHANGE IN CONTRACT OWNERS' EQUITY .............................. (296,386) 1,412,290 858,201 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ................................... 2,270,491 858,201 -- ---------- ---------- ---------- CONTRACT OWNERS' EQUITY END OF PERIOD ...................................$ 1,974,105 2,270,491 858,201 ========== ========== ========== CHANGES IN UNITS: Beginning units ............................. 213,441 92,073 -- ---------- ---------- ---------- Units purchased ............................. 29,601 134,132 96,790 Units redeemed .............................. (58,555) (12,764) (4,717) ---------- ---------- ---------- Ending units ................................ 184,487 213,441 92,073 ========== ========== ==========
30 30 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
NBAMTLMat NBAMTPart -------------------------------------- -------------------------------------- 2000 1999 1998 2000 1999 1998 ---------- ---------- ---------- ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income ....................... $ 274,820 241,375 322,862 23,707 160,794 (130,559) Realized gain (loss) on investments ......... (266,075) (74,295) (32,081) (2,426,344) (548,879) 1,133,363 Change in unrealized gain (loss) on investments ............................ 223,548 (128,665) (88,989) (2,383,122) 1,854,882 (3,917,798) Reinvested capital gains .................... -- -- -- 4,631,886 687,554 3,901,869 ---------- ---------- ---------- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ............... 232,293 38,415 201,792 (153,873) 2,154,351 986,875 ---------- ---------- ---------- ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................... 124,829 418,414 1,227,568 3,997,213 5,441,082 5,722,483 Transfers between funds ..................... (907,154) (166,249) (1,104,263) (6,757,477) (8,211,478) 2,646,725 Surrenders .................................. (310,740) (82,093) (340,366) (1,477,559) (949,302) (676,703) Death benefits (note 4) ..................... -- (50,646) (168,478) (143,800) (94,956) (11,051) Policy loans (net of repayments) (note 5) .................................. (7,769) (66,552) (490,348) (176,640) (473,894) (1,178,884) Deductions for surrender charges (note 2d) ................................. (28,437) (12,272) (43,208) (135,216) (141,912) (78,170) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ......................... (139,082) (161,822) (151,014) (1,294,898) (1,823,914) (1,174,585) Asset charges (note 3): MSP contracts ............................. (5,836) (7,656) (2,967) (19,393) (23,724) (17,668) LSFP contracts ............................ (720) (487) (843) (12,402) (10,391) (5,018) ---------- ---------- ---------- ---------- ---------- ---------- Net equity transactions ................. (1,274,909) (129,363) (1,073,919) (6,020,172) (6,288,489) 5,227,129 ---------- ---------- ---------- ---------- ---------- ---------- Net change in contract owners' equity .............................. (1,042,616) (90,948) (872,127) (6,174,045) (4,134,138) 6,214,004 Contract owners' equity beginning of period ................................... 4,928,380 5,019,328 5,891,455 30,808,193 34,942,331 28,728,327 ---------- ---------- ---------- ---------- ---------- ---------- Contract owners' equity end of period ................................... $ 3,885,764 4,928,380 5,019,328 24,634,148 30,808,193 34,942,331 ========== ========== ========== ========== ========== ========== CHANGES IN UNITS: Beginning units ............................. 342,163 349,795 417,620 1,307,010 1,570,249 1,319,239 ---------- ---------- ---------- ---------- ---------- ---------- Units purchased ............................. 23,235 62,199 108,255 184,798 257,385 514,393 Units redeemed .............................. (112,788) (69,831) (176,080) (435,187) (520,624) (263,383) ---------- ---------- ---------- ---------- ---------- ---------- Ending units ................................ 252,610 342,163 349,795 1,056,621 1,307,010 1,570,249 ========== ========== ========== ========== ========== ========== OppAggGrVA -------------------------------------- 2000 1999 1998 ---------- ---------- ---------- INVESTMENT ACTIVITY: Net investment income ....................... $ (9,718) -- -- Realized gain (loss) on investments ......... (489,326) -- -- Change in unrealized gain (loss) on investments ............................ (435,498) -- -- Reinvested capital gains .................... -- -- -- ---------- ---------- ---------- Net increase (decrease) in contract owners' equity resulting from operations ............... (934,542) -- -- ---------- ---------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners ........................... 238,305 -- -- Transfers between funds ..................... 3,670,423 -- -- Surrenders .................................. (19,423) -- -- Death benefits (note 4) ..................... -- -- -- Policy loans (net of repayments) (note 5) .................................. (15,499) -- -- Deductions for surrender charges (note 2d) ................................. (1,778) -- -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ......................... (63,844) -- -- Asset charges (note 3): MSP contracts ............................. (1,077) -- -- LSFP contracts ............................ (72) -- -- ---------- ---------- ---------- Net equity transactions ................. 3,807,035 -- -- ---------- ---------- ---------- Net change in contract owners' equity .............................. 2,872,493 -- -- Contract owners' equity beginning of period ................................... -- -- -- ---------- ---------- ---------- Contract owners' equity end of period ................................... $2,872,493 -- -- ========== ========== ========== CHANGES IN UNITS: Beginning units ............................. -- -- -- ---------- ---------- ---------- Units purchased ............................. 379,813 -- -- Units redeemed .............................. (10,805) -- -- ---------- ---------- ---------- Ending units ................................ 369,008 -- -- ========== ========== ==========
(Continued) 31 31 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
OppBdVA OppCapApVA --------------------------------------------- --------------------------------- 2000 1999 1998 2000 1999 ------------- --------------- -------------- -------------- --------------- INVESTMENT ACTIVITY: Net investment income........ $ 804,164 472,261 85,687 (110,855) (32,613) Realized gain (loss) on investments (238,067) (6,702) 342,280 1,860,687 710,047 Change in unrealized gain (loss) on investments............. 16,219 (794,086) 13,809 (3,665,305) 1,735,399 Reinvested capital gains..... - 54,146 160,413 1,008,850 175,824 -------------- -------------- -------------- -------------- ------------- Net increase (decrease) in contract owners' equity resulting from operations.. 582,316 (274,381) 602,189 (906,623) 2,588,657 -------------- -------------- -------------- -------------- ------------- EQUITY TRANSACTIONS: Purchase payments received from contract owners............ 1,288,550 1,530,602 1,446,313 2,157,034 1,214,511 Transfers between funds...... (1,146,061) (747,631) 2,081,829 6,354,660 3,004,317 Surrenders................... (429,249) (352,928) (168,318) (726,427) (60,102) Death benefits (note 4)...... (4,850) (9,225) (24,489) (6,975) (6,703) Policy loans (net of repayments) (note 5)................... (75,839) (214,389) (23,153) (235,392) (111,846) Deductions for surrender charges (note 2d).................. (39,282) (52,759) (19,765) (66,477) (8,985) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c).......... (431,185) (496,721) (348,809) (739,986) (351,903) Asset charges (note 3): MSP contracts ............. (9,970) (9,861) (6,358) (9,840) (4,217) LSFP contracts ............ (2,013) (1,060) (1,806) (7,653) (3,718) -------------- -------------- -------------- -------------- ------------- Net equity transactions.. (849,899) (353,972) 2,935,444 6,718,944 3,671,354 -------------- -------------- -------------- -------------- ------------- Net change in contract owners' equity............... (267,583) (628,353) 3,537,633 5,812,321 6,260,011 Contract owners' equity beginning of period.................... 11,733,754 12,362,107 8,824,474 12,287,029 6,027,018 -------------- -------------- -------------- -------------- ------------- Contract owners' equity end of period.................... $11,466,171 11,733,754 12,362,107 18,099,350 12,287,029 ============== ============== ============== ============== ============= CHANGES IN UNITS: 692,055 707,690 531,344 679,081 467,763 Beginning units.............. -------------- -------------- -------------- -------------- ------------- 89,307 108,517 258,067 432,286 284,637 Units purchased.............. (134,314) (124,152) (81,721) (101,062) (73,319) Units redeemed............... -------------- -------------- -------------- -------------- ------------- 647,048 692,055 707,690 1,010,305 679,081 Ending units................. ============== ============== ============== ============== =============
OppGLSecVA --------------- --------------------------------------------- 1998 2000 1999 1998 -------------- -------------- -------------- ------------- INVESTMENT ACTIVITY: Net investment income........ $ (16,813) (213,733) 65,415 241,675 Realized gain (loss) on investments 338,182 1,641,953 2,137,635 1,354,176 Change in unrealized gain (loss) on investments............. 109,336 (5,708,731) 9,595,322 (702,629) Reinvested capital gains..... 113,813 5,565,874 717,222 1,465,275 -------------- -------------- -------------- -------------- Net increase (decrease) in contract owners' equity resulting from operations 544,518 1,285,363 12,515,594 2,358,497 -------------- -------------- -------------- -------------- EQUITY TRANSACTIONS: Purchase payments received from contract owners............ 1,452,830 3,586,290 3,377,203 2,591,457 Transfers between funds...... 4,492,087 3,670,519 127,319 1,052,407 Surrenders................... (576,151) (1,335,643) (755,080) (390,303) Death benefits (note 4)...... (5) (106,833) (44,903) (12,688) Policy loans (net of repayments) (note 5)................... (312,911) (736,228) (343,214) (265,465) Deductions for surrender charges (note 2d).................. (73,520) (122,229) (112,877) (46,476) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c).......... (116,339) (1,541,228) (1,110,398) (696,092) Asset charges (note 3): MSP contracts ............. (1,822) (17,080) (9,874) (10,249) LSFP contracts ............ (518) (8,237) (4,111) (2,911) -------------- -------------- -------------- -------------- Net equity transactions.. 4,863,651 3,389,331 1,124,065 2,219,680 -------------- -------------- -------------- -------------- Net change in contract owners' equity............... 5,408,169 4,674,694 13,639,659 4,578,177 Contract owners' equity beginning of period.................... 618,849 34,770,201 21,130,542 16,552,365 -------------- -------------- -------------- -------------- Contract owners' equity end of period.................... $6,027,018 39,444,895 34,770,201 21,130,542 ============== ============== ============== ============== CHANGES IN UNITS: 59,202 1,212,506 1,158,329 1,023,094 Beginning units.............. -------------- -------------- -------------- -------------- 433,046 237,815 196,187 317,444 Units purchased.............. (24,485) (128,485) (142,010) (182,209) Units redeemed............... -------------- -------------- -------------- -------------- 467,763 1,321,836 1,212,506 1,158,329 Ending units................. ============== ============== ============== ==============
32 32 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
OppMGrinVA OppMltStVA ---------------------------------------------- --------------------------------- 2000 1999 1998 2000 1999 --------------- -------------- -------------- -------------- ------------- INVESTMENT ACTIVITY: Net investment income........ $ (965) - - 559,143 364,821 Realized gain (loss) on investments 2,561 - - 397,611 405,169 Change in unrealized gain (loss) on investments............. (40,617) - - (1,160,185) 10,270 Reinvested capital gains..... - - - 993,822 694,901 -------------- -------------- -------------- -------------- ------------- Net increase (decrease) in contract owners' equity resulting from operations (39,021) - - 790,391 1,475,161 -------------- -------------- -------------- -------------- ------------- EQUITY TRANSACTIONS: Purchase payments received from contract owners............ 18,231 - - 1,409,025 1,717,678 Transfers between funds...... 465,697 - - (593,747) (1,101,933) Surrenders................... - - - (532,389) (382,853) Death benefits (note 4)...... - - - (31,040) (36,757) Policy loans (net of repayments) (note 5)................... (13,064) - - (299,399) (234,710) Deductions for surrender charges (note 2d).................. - - - (48,720) (57,233) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c).......... (5,465) - - (598,149) (646,532) Asset charges (note 3): MSP contracts ............. (407) - - (8,633) (8,700) LSFP contracts ............ (32) - - (2,652) (1,730) -------------- -------------- -------------- -------------- ------------- Net equity transactions.. 464,960 - - (705,704) (752,770) -------------- -------------- -------------- -------------- ------------- Net change in contract owners' equity............... 425,939 - - 84,687 722,391 Contract owners' equity beginning of period.................... - - - 14,930,150 14,207,759 -------------- -------------- -------------- -------------- ------------- Contract owners' equity end of period.................... $ 425,939 - - 15,014,837 14,930,150 ============== ============== ============== ============== ============= CHANGES IN UNITS: - - - 625,008 661,584 Beginning units.............. -------------- -------------- -------------- -------------- ------------- Units purchased.............. 49,163 - - 66,207 80,794 Units redeemed............... (1,919) - - (93,726) (117,370) -------------- -------------- -------------- -------------- ------------- Ending units................. 47,244 - - 597,489 625,008 ============== ============== ============== ============== =============
OppMltStVA StOpp2 -------------- ---------------------------------------------- 1998 2000 1999 1998 -------------- -------------- -------------- -------------- INVESTMENT ACTIVITY: Net investment income........ $ 11,450 (355,887) (283,101) (149,125) Realized gain (loss) on investments 404,124 1,982,167 1,739,375 1,023,518 Change in unrealized gain (loss) on investments............. (366,305) (4,879,451) 5,430,662 (1,078,872) Reinvested capital gains..... 675,242 5,562,609 3,541,869 3,488,003 -------------- -------------- -------------- -------------- Net increase (decrease) in contract owners' equity resulting from operations 724,511 2,309,438 10,428,805 3,283,524 -------------- -------------- -------------- -------------- EQUITY TRANSACTIONS: Purchase payments received from contract owners............ 3,243,119 3,997,729 4,448,212 5,452,015 Transfers between funds...... 706,703 46,907 (12,621) 470,365 Surrenders................... (1,061,880) (1,864,450) (1,148,838) (1,037,130) Death benefits (note 4)...... (182,084) (68,640) (104,927) (143,979) Policy loans (net of repayments) (note 5)................... (1,005,743) (890,076) (753,805) (1,307,454) Deductions for surrender charges (note 2d).................. (126,681) (170,621) (171,741) (121,009) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c).......... (435,809) (1,687,865) (1,589,094) (946,709) Asset charges (note 3): MSP contracts ............. (7,289) (11,771) (9,653) (15,330) LSFP contracts ............ (2,070) (6,074) (4,177) (4,354) -------------- -------------- -------------- -------------- Net equity transactions.. 1,128,266 (654,861) 653,356 2,346,415 -------------- -------------- -------------- -------------- Net change in contract owners' equity............... 1,852,777 1,654,577 11,082,161 5,629,939 Contract owners' equity beginning of period.................... 12,354,982 42,117,945 31,035,784 25,405,845 -------------- -------------- -------------- -------------- Contract owners' equity end of period.................... $14,207,759 43,772,522 42,117,945 31,035,784 ============== ============== ============== ============== CHANGES IN UNITS: 598,181 1,086,172 1,071,986 974,778 Beginning units.............. -------------- -------------- -------------- -------------- Units purchased.............. 166,005 130,217 143,914 229,776 Units redeemed............... (102,602) (140,432) (129,728) (132,568) -------------- -------------- -------------- -------------- Ending units................. 661,584 1,075,957 1,086,172 1,071,986 ============== ============== ============== ==============
(Continued) 33 33 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
StDisc2 StintStk2 ------------------------------------------- ---------------------------- 2000 1999 1998 2000 1999 ----------- ----------- ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income........ $ (58,904) (53,820) (58,150) (49,525) (14,510) Realized gain (loss) on investments 752,895 (992,301) 552,698 (387,126) 1,329,944 Change in unrealized gain (loss) on investments............. (482,257) 125,370 (128,321) (1,546,991) 1,572,604 Reinvested capital gains..... - 1,035,670 120,028 - - ----------- ----------- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations 211,734 114,919 486,255 (1,983,642) 2,888,038 ----------- ----------- ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners............ 954,266 1,126,745 686,440 580,207 428,882 Transfers between funds...... (570,553) (2,017,437) 154,482 (2,282,869) 2,309,650 Surrenders................... (235,086) (201,408) (128,257) (136,421) (56,239) Death benefits (note 4)...... (21,678) (1,033) (23,649) (8,738) (4,048) Policy loans (net of repayments) (note 5)................... (266,090) (115,906) (104,497) (28,642) 52,892 Deductions for surrender charges (note 2d).................. (21,513) (30,109) (15,109) (12,484) (8,407) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c).......... (329,564) (340,295) (244,196) (207,957) (125,810) Asset charges (note 3): MSP contracts ............. (1,697) (1,300) (4,038) (2,758) (2,085) LSFP contracts ............ (903) (513) (1,147) (4,055) (1,753) ----------- ----------- ----------- ----------- ----------- Net equity transactions.. (492,818) (1,581,256) 320,029 (2,103,717) 2,593,082 ----------- ----------- ----------- ----------- ----------- Net change in contract owners' equity............... (281,084) (1,466,337) 806,284 (4,087,359) 5,481,120 Contract owners' equity beginning of period.................... 6,885,495 8,351,832 7,545,548 7,468,116 1,986,996 ----------- ----------- ----------- ----------- ----------- Contract owners' equity end of period.................... $ 6,604,411 6,885,495 8,351,832 3,380,757 7,468,116 =========== =========== =========== =========== =========== CHANGES IN UNITS: Beginning units.............. 349,019 440,162 421,534 453,067 222,590 ----------- ----------- ----------- ----------- ----------- Units purchased.............. 53,248 70,498 95,961 53,645 255,086 Units redeemed............... (76,391) (161,641) (77,333) (166,871) (24,609) ----------- ----------- ----------- ----------- ----------- Ending units................. 325,876 349,019 440,162 339,841 453,067 =========== =========== =========== =========== ===========
StintStk2 NSATGFocTU ----------- -------------------------------------------- 1998 2000 1999 1998 ----------- ----------- ----------- ---------- INVESTMENT ACTIVITY: Net investment income........ $ 7,697 (100) - - Realized gain (loss) on investments (245,777) (2,764) - - Change in unrealized gain (loss) on investments............. 138,162 (24,195) - - Reinvested capital gains..... - - - - ----------- ----------- ----------- ---------- Net increase (decrease) in contract owners' equity resulting from operations (99,918) (27,059) - - ----------- ----------- ----------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners............ 1,319,108 2,062 - - Transfers between funds...... (186,236) 75,866 - - Surrenders................... (444,664) - - - Death benefits (note 4)...... (5,993) - - - Policy loans (net of repayments) (note 5)................... (462,567) (160) - - Deductions for surrender charges (note 2d).................. (56,530) - - - Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c).......... (61,036) (1,281) - - Asset charges (note 3): MSP contracts ............. (1,044) - - - LSFP contracts ............ (296) - - - ----------- ----------- ----------- ---------- Net equity transactions.. 100,742 76,487 - - ----------- ----------- ----------- ---------- Net change in contract owners' equity............... 824 49,428 - - Contract owners' equity beginning of period.................... 1,986,172 - - - ----------- ----------- ----------- ---------- Contract owners' equity end of period.................... $1,986,996 49,428 - - =========== =========== =========== ========== CHANGES IN UNITS: Beginning units.............. 209,767 - - - ----------- ----------- ----------- ---------- Units purchased.............. 64,933 7,989 - - Units redeemed............... (52,110) (183) - - ----------- ----------- ----------- ---------- Ending units................. 222,590 7,806 - - =========== =========== =========== ==========
34 34 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
MSUEmMkt MSUUSReaLE -------------------------------------- -------------------------------------------- 2000 1999 1998 2000 1999 1998 --------- --------- ---------- ----------- ---------- ----------- INVESTMENT ACTIVITY: Net investment income........ $ 102,397 81,127 35,485 467,855 356,207 (39,731) Realized gain (loss) on investments 26,389 26,192 (94,814) 446,597 (1,050,667) (564,373) Change in unrealized gain (loss) on investments............. (38,552) 29,379 (33,784) 443,730 478,383 (513,939) Reinvested capital gains..... - - - 36,959 - 121,016 --------- --------- ---------- ----------- ---------- ----------- Net increase (decrease) in contract owners' equity resulting from operations 90,234 136,698 (93,113) 1,395,141 (216,077) (997,027) --------- --------- ---------- ----------- ---------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners............ 106,585 106,804 398,199 743,161 1,006,759 1,337,143 Transfers between funds...... 219,001 158,219 133,381 623,498 (1,435,388) (908,402) Surrenders................... (10,363) (6,693) (214,691) (117,484) (187,346) (163,286) Death benefits (note 4)...... (3,364) - (9) (3,388) (2,653) (22,389) Policy loans (net of repayments) (note 5)................... (4,279) (7,238) (92,787) (37,568) (131,155) (78,704) Deductions for surrender charges (note 2d).................. (948) (1,001) (27,689) (10,751) (28,007) (19,126) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c).......... (31,590) (24,247) (14,797) (274,253) (432,919) (232,710) Asset charges (note 3): MSP contracts ............. (542) (425) (167) (4,297) (4,975) (3,613) LSFP contracts ............ (1,706) (885) (47) (2,747) (2,459) (1,026) --------- --------- ---------- ----------- ---------- ----------- Net equity transactions.. 272,794 224,534 181,393 916,171 (1,218,143) (92,113) --------- --------- ---------- ----------- ---------- ----------- Net change in contract owners' equity............... 363,028 361,232 88,280 2,311,312 (1,434,220) (1,089,140) Contract owners' equity beginning of period.................... 701,398 340,166 251,886 5,105,071 6,539,291 7,628,431 --------- --------- ---------- ----------- ---------- ----------- Contract owners' equity end of period.................... $1,064,426 701,398 340,166 7,416,383 5,105,071 6,539,291 ========= ========= ========== =========== ========== =========== CHANGES IN UNITS: Beginning units.............. 77,785 48,664 25,614 339,591 417,073 425,994 --------- --------- ---------- ----------- ---------- ----------- Units purchased.............. 35,031 35,161 30,195 81,265 63,982 122,745 Units redeemed............... (6,184) (6,040) (7,145) (32,845) (141,464) (131,666) --------- --------- ---------- ----------- ---------- ----------- Ending units................. 106,632 77,785 48,664 388,011 339,591 417,073 ========= ========= ========== =========== ========== ===========
VEWwBD ------------------------------------------- 2000 1999 1998 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income........ $ 103,752 109,624 (2,569) Realized gain (loss) on investments (272,468) (379,921) 409,171 Change in unrealized gain (loss) on investments............. 148,290 (74,747) (35,624) Reinvested capital gains..... - 60,420 - ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations (20,426) (284,624) 370,978 ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners............ 195,128 232,837 173,889 Transfers between funds...... (244,098) (449,720) 663,078 Surrenders................... (111,418) (98,243) (47,678) Death benefits (note 4)...... (594) (25,665) (35,715) Policy loans (net of repayments) (note 5)................... (49,056) (70,184) (21,466) Deductions for surrender charges (note 2d).................. (10,196) (14,686) (5,615) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c).......... (83,862) (113,947) (77,084) Asset charges (note 3): MSP contracts ............. (1,432) (1,809) (1,847) LSFP contracts ............ (159) (145) (525) ----------- ----------- ----------- Net equity transactions.. (305,687) (541,562) 647,037 ----------- ----------- ----------- Net change in contract owners' equity............... (326,113) (826,186) 1,018,015 Contract owners' equity beginning of period.................... 2,721,035 3,547,221 2,529,206 ----------- ----------- ----------- Contract owners' equity end of period.................... $2,394,922 2,721,035 3,547,221 =========== =========== =========== CHANGES IN UNITS: Beginning units.............. 195,887 233,069 186,153 ----------- ----------- ----------- Units purchased.............. 16,793 18,613 71,292 Units redeemed............... (41,953) (55,795) (24,376) ----------- ----------- ----------- Ending units................. 170,727 195,887 233,069 =========== =========== ===========
(Continued) 35 35 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
VEWwEmgMkt VEWwHrdAst ------------------------------------------- ---------------------------- 2000 1999 1998 2000 1999 ----------- ----------- ----------- ----------- ---------- INVESTMENT ACTIVITY: Net investment income............. $ (53,777) (32,044) 5,996 11,079 25,195 Realized gain (loss) on investments..................... (325,564) 2,142,637 (1,821,321) 525,703 609,115 Change in unrealized gain (loss) on investments.................. (2,614,711) 1,939,640 923,464 (152,863) 199,401 Reinvested capital gains.......... - - 17,939 - - ----------- ----------- ----------- ----------- ---------- Net increase (decrease) in contract owners' equity resulting from operations................... (2,994,052) 4,050,233 (873,922) 383,919 833,711 ----------- ----------- ----------- ----------- ---------- EQUITY TRANSACTIONS: Purchase payments received from contract owners................. 797,659 580,564 701,612 365,844 602,994 Transfers between funds........... (3,479,128) 4,022,991 (173,962) (236,020) (822,875) Surrenders........................ (194,407) (107,435) (41,678) (307,798) (289,205) Death benefits (note 4)........... (13,706) - (4,922) (5,146) (1,818) Policy loans (net of repayments) (note 5)........................ (160,319) (70,361) (80,091) (120,415) 77,240 Deductions for surrender charges (note 2d)....................... (17,791) (16,061) (5,094) (28,167) (43,233) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)............... (270,107) (157,046) (68,777) (176,970) (189,825) Asset charges (note 3): MSP contracts .................. (4,809) (3,494) (985) (2,345) (1,809) LSFP contracts ................. (4,221) (1,983) (280) (1,775) (322) ----------- ----------- ----------- ----------- ---------- Net equity transactions....... (3,346,829) 4,247,175 325,823 (512,792) (668,853) ----------- ----------- ----------- ----------- ---------- Net change in contract owners' equity.................... (6,340,881) 8,297,408 (548,099) (128,873) 164,858 Contract owners' equity beginning of period......................... 10,148,983 1,851,575 2,399,674 4,294,443 4,129,585 ----------- ----------- ----------- ----------- ---------- Contract owners' equity end of period......................... $ 3,808,102 10,148,983 1,851,575 4,165,570 4,294,443 =========== =========== =========== =========== ========== CHANGES IN UNITS: Beginning units................... 882,045 320,168 271,580 317,507 361,828 ----------- ----------- ----------- ----------- ---------- Units purchased................... 89,672 609,978 150,432 29,839 63,996 Units redeemed.................... (398,529) (48,101) (101,844) (68,673) (108,317) ----------- ----------- ----------- ----------- ---------- Ending units...................... 573,188 882,045 320,168 278,673 317,507 =========== =========== =========== =========== ==========
VEWwHrdAst WPTGloPVC ----------- ------------------------------------------- 1998 2000 1999 1998 ----------- ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income............. $ (2,400) (26,477) (13,686) (6,193) Realized gain (loss) on investments.................... (3,561,532) 156,924 831,668 6,143 Change in unrealized gain (loss) on investments.................. 644,209 (1,447,278) 489,466 66,492 Reinvested capital gains.......... 882,647 359,529 - - ----------- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations..... (2,037,076) (957,302) 1,307,448 66,442 ----------- ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners................. 1,602,107 246,696 139,661 105,973 Transfers between funds........... (1,198,538) (728,042) 2,043,854 180,265 Surrenders........................ (132,778) (35,654) (28,894) (1,367) Death benefits (note 4)........... (3,026) - - (1) Policy loans (net of repayments) (note 5)........................ (200,964) (69,160) (72,651) 4,787 Deductions for surrender charges (note 2d)....................... (13,168) (3,263) (4,319) (7) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)............... (199,756) (103,357) (50,521) (21,553) Asset charges (note 3): MSP contracts ............. .... (2,663) (1,735) (847) (430) LSFP contracts ............ .... (756) (1,618) (855) (122) ----------- ----------- ----------- ----------- Net equity transactions....... (149,542) (696,133) 2,025,428 267,545 ----------- ----------- ----------- ----------- Net change in contract owners' equity.................... (2,186,618) (1,653,435) 3,332,876 333,987 Contract owners' equity beginning of period......................... 6,316,203 4,433,538 1,100,662 766,675 ----------- ----------- ----------- ----------- Contract owners' equity end of period......................... $ 4,129,585 2,780,103 4,433,538 1,100,662 =========== =========== =========== =========== CHANGES IN UNITS: Beginning units................... 375,678 227,326 91,311 67,166 ----------- ----------- ----------- ----------- Units purchased................... 66,365 37,149 157,184 33,106 Units redeemed.................... (80,215) (88,400) (21,169) (8,961) ----------- ----------- ----------- ----------- Ending units...................... 361,828 176,075 227,326 91,311 =========== =========== =========== ===========
36 36 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
WPTIntEq WPTSmCoGRr ----------------------------------------- ----------------------------------------- 2000 1999 1998 2000 1999 1998 ----------- ----------- ----------- ----------- ---------- ----------- INVESTMENT ACTIVITY: Net investment income............. $ (30,391) 36,167 (22,662) (216,538) (114,737) (106,735) Realized gain (loss) on investments..................... 348,782 1,214,234 (402,559) 5,305,559 564,155 (4,820) Change in unrealized gain (loss) on investments.................. (4,794,748) 3,271,039 929,287 (18,360,336) 8,391,845 (287,723) Reinvested capital gains.......... 1,233,063 - - 5,714,137 709,970 - ----------- ----------- ----------- ----------- ---------- ----------- Net increase (decrease) in contract owners' equity resulting from operations..... (3,243,294) 4,521,440 504,066 (7,557,178) 9,551,233 (399,278) ----------- ----------- ----------- ----------- ---------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners................. 1,203,310 1,411,984 1,111,024 3,205,250 2,658,532 2,471,813 Transfers between funds........... (1,618,161) (167,066) (1,578,624) 7,227,152 (248,812) (1,849,405) Surrenders........................ (182,801) (642,724) (168,491) (818,535) (301,023) (200,485) Death benefits (note 4)........... (17,201) (124,597) (7,848) (46,924) (60,498) (10,544) Policy loans (net of repayments) (note 5)................... .... (160,238) (83,407) (259,475) (406,035) (288,744) 19,268 Deductions for surrender charges (note 2d)....................... (16,729) (96,081) (18,111) (74,907) (45,000) (20,649) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c).......... .... (426,399) (427,942) (265,303) (1,346,935) (902,731) (454,770) Asset charges (note 3): MSP contracts .................. (8,051) (8,596) (5,069) (17,598) (9,685) (7,412) LSFP contracts ................. (6,243) (3,905) (1,439) (12,620) (5,597) (2,105) ----------- ----------- ----------- ----------- ---------- ----------- Net equity transactions....... (1,232,513) (142,334) (1,193,336) 7,708,848 796,442 (54,289) ----------- ----------- ----------- ----------- ---------- ----------- Net change in contract owners' equity.................... (4,475,807) 4,379,106 (689,270) 151,670 10,347,675 (453,567) Contract owners' equity beginning of period......................... 13,668,214 9,289,108 9,978,378 25,526,305 15,178,630 15,632,197 ----------- ----------- ----------- ----------- ---------- ----------- Contract owners' equity end of period......................... $ 9,192,407 13,668,214 9,289,108 25,677,975 25,526,305 15,178,630 =========== =========== =========== =========== ========== =========== CHANGES IN UNITS: Beginning units................... 779,846 805,473 900,081 1,024,167 1,015,805 1,004,312 ----------- ----------- ----------- ----------- ---------- ----------- Units purchased................... 83,704 160,398 234,059 353,977 183,941 292,883 Units redeemed.................... (152,110) (186,025) (328,667) (105,188) (175,579) (281,390) ----------- ----------- ----------- ----------- ---------- ----------- Ending units...................... 711,440 779,846 805,473 1,272,956 1,024,167 1,015,805 =========== =========== =========== =========== ========== ===========
See accompanying notes to financial statements. 37 37 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2000, 1999 AND 1998 (1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Organization and Nature of Operations The Nationwide VLISeparate Account-2 (the Account) was established pursuant to a resolution of the Board of Directors of Nationwide Life Insurance Company (the Company) on May 7, 1987. The Account has been registered as a unit investment trust under the Investment Company Act of 1940. The Company offers Single Premium, Modified Single Premium, Flexible Premium and Last Survivor Flexible Premium Variable Life Insurance Policies through the Account. The primary distribution for the contracts is through the brokerage community; however, other distributors may be utilized. (b) The Contracts Prior to December 31, 1990, only contracts without a front-end sales charge, but with a contingent deferred sales charge and certain other fees, were offered for purchase. Beginning December 31, 1990, contracts with a front-end sales charge, 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 Balanced (ACVPBal) American Century VP - American Century VP Capital Appreciation (ACVPCapAp) 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) The Dreyfus Socially Responsible Growth Fund, Inc. (DrySRGr) Dreyfus Stock Index Fund (DryStkIx) Portfolio of the Dreyfus Investment Portfolios (Dreyfus IP); Dreyfus IP - European Equity Portfolio (DryEuroEq) Portfolios of the Dreyfus Variable Investment Fund (Dreyfus VIF); Dreyfus VIF - Appreciation Portfolio (DryVApp) Dreyfus VIF - Growth and Income Portfolio (DryVGrInc) Funds of the Gartmore NSAT; Gartmore NSAT - Emerging Markets Fund (NSATEmMGM) Gartmore NSAT - Global Technology & Communications Fund (NSATGTecGM) Gartmore NSAT - International Growth Fund (NSATIntGGM) Portfolios of the Fidelity Variable Insurance Products Fund (Fidelity VIP); Fidelity VIP - Equity-Income Portfolio (FidVEqIn) Fidelity VIP - Growth Portfolio (FidVGr) Fidelity VIP - High Income Portfolio (FidVHiIn) Fidelity VIP - Overseas Portfolio (FidVOvSe) Portfolios of the Fidelity Variable Insurance Products Fund II (Fidelity VIP-II); Fidelity VIP-II - Asset Manager Portfolio (FidVAM) Fidelity VIP-II - Contrafund Portfolio (FidVCon) Portfolio of the Fidelity Variable Insurance Products Fund III (Fidelity VIP-III); Fidelity VIP-III - Growth Opportunities Portfolio (FidVGrOp)
38 38 Portfolios of the Janus Aspen Series; Janus Aspen - Capital Appreciation Portfolio - Service Shares (JanACapApS) Janus Aspen - Global Technology Portfolio - Service Shares (JanAGlTchS) Janus Aspen - International Growth Portfolio - Service Shares (JanAIntGrS) Funds of the Nationwide Separate Account Trust (Nationwide SAT) (managed for a fee by an affiliated investment advisor); Nationwide SAT - Capital Appreciation Fund (NSATCapAp) Nationwide SAT - Government Bond Fund (NSATGvtBd) Nationwide SAT - Mid Cap Growth Fund - Strong (NSATMCpSTR) Nationwide SAT - Mid Cap Index Fund - Dreyfus (NSATMCIxDR) Nationwide SAT - Money Market Fund (NSATMMkt) Nationwide SAT - Multi Sector Bond Fund - MAS (NSATMBdMAS) Nationwide SAT - Small Cap Growth Fund (NSATSmCapG) Nationwide SAT - Small Cap Value Fund (NSATSmCapV) Nationwide SAT - Small Company Fund (NSATSmCo) Nationwide SAT - Total Return Fund (NSATTotRtn) Portfolios of the Neuberger & Berman Advisers Management Trust (Neuberger & Berman AMT); Neuberger & Berman AMT - Growth Portfolio (NBAMTGro) Neuberger & Berman AMT - Guardian Portfolio (NBAMTGuard) Neuberger & Berman AMT - Limited Maturity Bond Portfolio (NBAMTLMat) Neuberger & Berman AMT - Partners Portfolio (NBAMTPart) Funds of the Oppenheimer Variable Account Funds; Oppenheimer Aggressive Growth Fund/VA (OppAggGrVA) Oppenheimer Bond Fund/VA (OppBdVA) Oppenheimer Capital Appreciation Fund/VA (OppCapApVA) Oppenheimer Global Securities Fund/VA (OppGlSecVA) Oppenheimer Main Street Growth & Income Fund/VA (OppMGrInVA) Oppenheimer Multiple Strategies Fund/VA (OppMltStVA) Strong Opportunity Fund II, Inc. (StOpp2) Funds of the Strong Variable Insurance Funds, Inc. (Strong VIF); Strong VIF - Strong Discovery Fund II (StDisc2) Strong VIF - Strong International Stock Fund II (StIntStk2) Funds of the Turner Funds; Turner NSAT - Growth Focus Fund (NSATGFocTU) Funds 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. - U.S. Real Estate Portfolio (MSUUSRealE) (formerly Van Kampen American Capital - Morgan Stanley U.S. Real Estate Portfolio) Funds of the Van Eck Worldwide Insurance Trust (Van Eck WIT); Van Eck WIT - Worldwide Bond Fund (VEWwBd) Van Eck WIT - Worldwide Emerging Markets Fund (VEWwEmgMkt) Van Eck WIT - Worldwide Hard Assets Fund (VEWwHrdAst) Portfolios of the Warburg Pincus Trust; Warburg Pincus Trust - Global Post Venture Capital Portfolio (WPTGloPVC) Warburg Pincus Trust - International Equity Portfolio (WPTIntEq) Warburg Pincus Trust - Small Company Growth Portfolio (WPTSmCoGr)
(Continued) 39 39 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, CONTINUED At December 31, 2000, 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 December 31, 2000. Fund purchases and sales are accounted for on the trade date (date the order to buy or sell is executed). The cost of investments sold is determined on a specific identification basis, and dividends (which include capital gain distributions) are accrued as of 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 provisions of 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. (2) POLICY CHARGES (a) Deductions from Premiums For single premium contracts, no deduction is made from any premium at the time of payment. On multiple payment contracts and flexible premium contracts, the Company deducts a charge for state premium taxes equal to 2.5% of all premiums received to cover the payment of these premium taxes. The Company also deducts a sales load from each premium payment received not to exceed 3.5% of each premium payment. On last survivor flexible premium contracts, the Company deducts a charge for state premium taxes equal to 3.5% of all premiums received to cover the payment of these premium taxes. The Company also deducts a sales load from each premium payment received not to exceed 5% of each premium payment during the first ten years and 1.5% of each premium payment thereafter. The Company may at its sole discretion reduce this sales loading. 40 40 (b) Cost of Insurance A cost of insurance charge is assessed monthly against each contract by liquidating units. The amount of the charge is based upon age, sex, rate class and net amount at risk (death benefit less total contract value). For last survivor flexible premium contracts, the monthly cost of insurance is determined in a manner that reflects the anticipated mortality of the two insureds and the fact that the death benefit is not payable until the death of the second insured policyholder. (c) Administrative Charges An administrative charge is assessed against each contract to recover policy maintenance, accounting, record keeping and other administrative expenses and is assessed against each contract by liquidating units. For single premium contracts, the Company deducts an annual administrative charge which is determined as follows: Contracts issued prior to April 16, 1990: Purchase payments totalling less than $25,000 - $10/month Purchase payments totalling $25,000 or more - none Contracts issued on or after April 16, 1990: Purchase payments totalling less than $25,000 - $90/year ($65/year in New York) Purchase payments totalling $25,000 or more - $50/year For multiple payment contracts, the Company currently deducts a monthly administrative charge of $5 (may deduct up to $7.50, maximum). For flexible premium contracts, the Company currently deducts a monthly administrative charge of $12.50 during the first policy year and $5 per month thereafter (may deduct up to $7.50, maximum). Additionally, the Company deducts an increase charge of $2.04 per year per $1,000 applied to any increase in the specified amount during the first 12 months after the increase becomes effective. For modified single premium contracts, the monthly charge is equal to an annual rate of .30% multiplied by the policy's cash value. For policy years 11 and later, this monthly charge is reduced to an annual rate of 0.15% of the policy's cash value. The monthly charge is subject to a $10 minimum. For last survivor flexible premium contracts, the Company deducts a monthly administrative charge equal to the sum of the policy charge and the basic coverage charge. For policy years one through ten the policy charge is $10. Additionally, there is a $0.04 per $1000 basic coverage charge (not less than $20 or more than $80 per policy). For policy years eleven and after, the policy charge is $5. Additionally, there is a $0.02 per $1000 basic coverage charge (not less than $10 or more than $40 per policy). Additionally, the Company deducts a monthly increase charge of $2.40 per $1000 applied to any increase in the specified amount during the first 12 months after the increase becomes effective. The charge may be raised to $3.60 per $1000 of increase per year at the Company's discretion. (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 charge is determined according to contract type. For single premium contracts, the charge is determined based upon a specified percentage of the original purchase payment. For single premium contracts issued prior to April 16, 1990, the charge is 8% in the first year and declines to 0% after the ninth year. For single premium contracts issued on or after April 16, 1990, the charge is 8.5% in the first year, and declines to 0% after the ninth year. For multiple payment contracts and flexible premium contracts, the amount charged is based upon a specified percentage of the initial surrender charge, which varies by issue age, sex and rate class. The charge is 100% of the initial surrender charge in the first year, declining to 0% after the ninth year. (Continued) 41 41 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, CONTINUED For modified single premium contracts, the amount charged is based on the original purchase payment. The charge is 10% in the first year, declining to 0% in the ninth year. For last survivor flexible premium contracts, the charge is 100% of the initial surrender charge, declining to 0% in the fourteenth year if the average issue age is 74 or less. The charge is 100% of the initial surrender charge, declining to 0% in the ninth year if the average issue age is 75 or greater. For last survivor flexible payment contracts, the initial surrender charge is comprised of two components, an underwriting surrender charge and a sales surrender charge. 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. (3) ASSET CHARGES For single premium contracts, the Company deducts a charge from the contract to cover mortality and expense risk charges related to operations, and to recover policy maintenance and premium tax charges. For contracts issued prior to April 16, 1990, the charge is equal to an annual rate of .95% during the first ten policy years, and .50% thereafter. A reduction of charges on these contracts is possible in policy years six through ten for those contracts achieving certain investment performance criteria. For single premium contracts issued on or after April 16, 1990, the charge is equal to an annual rate of 1.30% during the first ten policy years, and 1.00% thereafter. For multiple payment contracts and flexible premium contracts, the Company deducts a charge equal to an annual rate of .80%, with certain exceptions, to cover mortality and expense risk charges related to operations. The above charges are assessed through the daily unit value calculation and are reflected in the table below. For modified single premium contracts (MSP), the Company deducts an annual rate of .90% charged against the cash value of the contracts. This charge is assessed monthly against each contract by liquidating units. For last survivor flexible premium contracts (LSFP), the Company deducts an annual rate of .80% in policy years one through ten. This charge is assessed monthly by liquidating units. In policy years eleven and greater, the Company deducts an annual rate of .80% if the cash value of the contract is less than $100,000. If the cash value is greater than or equal to $100,000, the Company reduces the annual asset fee rate to .30%. This charge is assessed monthly against each contract by liquidating units. The following table provides mortality and expense risk charges for all single premium contracts and multiple payment and flexible payment contracts for the period ended December 31, 2000:
TOTAL ACVPBal ACVPCapAp ACVPIncGr ACVPint ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ 24,820 - 2,924 - 575 Single Premium contracts issued on or after April 16, 1990.... 1,684,130 8,312 50,858 7,821 39,191 Multiple Payment and Flexible Premium contracts............. 7,154,891 35,037 172,093 25,391 152,864 ------------ ------------ ------------ ------------ ------------ Total....................... $ 8,863,841 43,349 225,875 33,212 192,630 ============ ============ ============ ============ ============ ACVPValue DrySRGr DryStkix DryEuroEq DryVapp ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ 9 - 2,043 - - Single Premium contracts issued on or after April 16, 1990.... 7,369 14,818 104,574 469 14,211 Multiple Payment and Flexible Premium contracts............. 19,786 142,212 691,343 58 43,939 ------------ ------------ ------------ ------------ ------------ Total....................... $ 27,164 157,030 797,960 527 58,150 ============ ============ ============ ============ ============
42 42
DryVGrinc NSATEmMGM NSATGTecGM NSATIntGGM FidVEqin ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ - - - - 2,573 Single Premium contracts issued on or after April 16, 1990.... 3,646 - 789 - 167,821 Multiple Payment and Flexible Premium contracts............. 16,273 21 129 14 459,835 ------------ ------------ ------------ ------------ ------------ Total....................... $ 19,919 21 918 14 630,229 ============ ============ ============ ============ ============ FidVGR FidVHiin FidVOvSe FidVAM FidVCon ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ 3,497 443 734 369 - Single Premium contracts issued on or after April 16, 1990.... 234,747 32,538 47,224 81,758 85,023 Multiple Payment and Flexible Premium contracts............. 1,199,892 135,615 182,649 185,028 436,677 ------------ ------------ ------------ ------------ ------------ Total....................... $ 1,438,136 168,596 230,607 267,155 521,700 ============ ============ ============ ============ ============ FidVGrOP JanACapApS JanAGLTchS JanAIntGrS NSATCapAp ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ 151 - - - - Single Premium contracts issued on or after April 16, 1990.... 3,965 2,507 5,105 8,260 15,130 Multiple Payment and Flexible Premium contracts............. 36,864 7,957 5,342 535 247,451 ------------ ------------ ------------ ------------ ------------ Total....................... $ 40,980 10,464 10,447 8,795 262,581 ============ ============ ============ ============ ============ NSATGvtBd NSATMCpSTR NSATMCixDR NSATMMkt NSATMBdMas ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ 458 - - 2,426 15 Single Premium contracts issued on or after April 16, 1990.... 55,609 1,065 1,586 180,399 109 Multiple Payment and Flexible Premium contracts............. 43,413 1,726 2,639 231,050 96 ------------ ------------ ------------ ------------ ------------ Total....................... $ 99,480 2,791 4,225 413,875 220 ============ ============ ============ ============ ============ NSATSmCapG NSATSmCapV NSATSmCo NSATTotRtn NBAMTGro ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ - 737 203 581 1,617 Single Premium contracts issued on or after April 16, 1990.... 362 40,313 26,301 52,162 52,458 Multiple Payment and Flexible Premium contracts............. 2,152 10,585 194,188 684,107 272,872 ------------ ------------ ------------ ------------ ------------ Total....................... $ 2,514 51,635 220,692 736,850 326,947 ============ ============ ============ ============ ============ NBAMTGuard NBAMTLMat NBAMTPart OppAggGrVA OppBdVA ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ - 1,243 9 - 11 Single Premium contracts issued on or after April 16, 1990.... 654 13,012 16,642 2,875 15,964 Multiple Payment and Flexible Premium contracts............. 14,034 17,838 177,442 6,843 68,588 ------------ ------------ ------------ ------------ ------------ Total....................... $ 14,688 32,093 194,093 9,718 84,563 ============ ============ ============ ============ ============
(Continued) 43 43 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, CONTINUED
OppCapApVA OppGLSecVA OppMGRinVA OppMltStVA StOpp2 ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ 1,316 681 - - 202 Single Premium contracts issued on or after April 16, 1990.... 23,233 43,763 390 38,900 59,630 Multiple Payment and Flexible Premium contracts............. 105,211 268,868 575 86,217 296,055 ------------ ------------ ------------ ------------ ------------ Total....................... $ 129,760 313,312 965 125,117 355,887 ============ ============ ============ ============ ============ StDisc2 StintStk2 NSATGFocTU MSUEmMKT MSUUSRealE ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ - - - 133 631 Single Premium contracts issued on or after April 16, 1990.... 8,552 11,016 - 1,340 13,596 Multiple Payment and Flexible Premium contracts............. 50,352 38,509 100 4,918 32,402 ------------ ------------ ------------ ------------ ------------ Total....................... $ 58,904 49,525 100 6,391 46,629 ============ ============ ============ ============ ============ VEWwBD VEWwEmgMkt VEWwHrdAst WPTGloPVC WPTIntEq ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ 181 29 1 794 - Single Premium contracts issued on or after April 16, 1990.... 6,649 3,523 11,858 2,662 12,244 Multiple Payment and Flexible Premium contracts............. 14,851 50,225 24,402 23,021 69,430 ------------ ------------ ------------ ------------ ------------ Total....................... $ 21,681 53,777 36,261 26,477 81,674 ============ ============ ============ ============ ============ WPTSmCoGr ------------ Single Premium contracts Issued prior to April 16, 1990....... $ - Single Premium contracts issued on or after April 16, 1990.... 35,097 Multiple Payment and Flexible Premium contracts............. 181,441 ------------ Total....................... $ 216,538 ============ The following table provides mortality and expense risk charges for all single premium contracts and multiple payment and flexible payment contracts for the period ended December 31, 1999: TOTAL ACVPBal ACVPCapAp ACVPincGr ACVPint ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ 22,217 126 315 79 360 Single Premium contracts issued on or after April 16, 1990.... 1,597,906 9,070 22,650 5,653 25,861 Multiple Payment and Flexible Premium contracts............. 6,040,026 34,284 85,615 21,369 97,752 ------------ ------------ ------------ ------------ ------------ Total....................... $ 7,660,149 43,480 108,580 27,101 123,973 ============ ============ ============ ============ ============
44 44
ACVPValue DrySRGr DryStkix DryVApp DryVGrinc ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ 61 333 2,086 166 46 Single Premium contracts issued on or after April 16, 1990.... 4,379 23,957 150,018 11,975 3,327 Multiple Payment and Flexible Premium contracts............. 16,553 90,556 567,060 45,265 12,577 ------------ ------------ ------------ ------------ ------------ Total....................... $ 20,993 114,846 719,164 57,406 15,950 ============ ============ ============ ============ ============ FidVEqin FidVGr FidVHiln FidVOvSe FidVAM ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ 2,071 3,322 574 580 784 Single Premium contracts issued on or after April 16, 1990.... 148,948 238,938 41,267 41,698 56,415 Multiple Payment and Flexible Premium contracts............. 563,016 903,175 155,987 157,616 213,245 ------------ ------------ ------------ ------------ ------------ Total....................... $ 714,035 1,145,435 197,828 199,894 270,444 ============ ============ ============ ============ ============ FidVCon FidVGrOp NSATCapAp NSATGvtBd NSATMMkt ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ 1,335 137 937 352 1,204 Single Premium contracts issued on or after April 16, 1990.... 96,008 9,823 67,386 25,386 86,597 Multiple Payment and Flexible Premium contracts............. 362,905 37,128 254,746 95,940 327,332 ------------ ------------ ------------ ------------ ------------ Total....................... $ 460,248 47,088 323,069 121,678 415,133 ============ ============ ============ ============ ============ NSATSmCapV NSATSmCo NSATTotRtn NBAMTGro NBAMTGuard ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ 37 389 2,247 531 37 Single Premium contracts issued on or after April 16, 1990.... 2,682 27,949 161,641 38,230 2,667 Multiple Payment and Flexible Premium contracts............. 10,138 105,646 610,999 144,507 10,083 ------------ ------------ ------------ ------------ ------------ Total....................... $ 12,857 133,984 774,887 183,268 12,787 ============ ============ ============ ============ ============ NBAMTLMat NBAMTPart OppBdVA OppCapApVA OppGlSecVA ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ 104 680 266 141 553 Single Premium contracts issued on or after April 16, 1990.... 7,455 48,927 19,098 10,142 39,744 Multiple Payment and Flexible Premium contracts............. 28,179 184,942 72,189 38,336 150,232 ------------ ------------ ------------ ------------ ------------ Total....................... $ 35,738 234,549 91,553 48,619 190,529 ============ ============ ============ ============ ============ OppMltStVA StOpp2 StDisc2 StintStk2 MSUEmMkt ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ 335 821 156 65 9 Single Premium contracts issued on or after April 16, 1990.... 24,110 59,055 11,227 4,687 666 Multiple Payment and Flexible Premium contracts............. 91,134 223,225 42,437 17,716 2,520 ------------ ------------ ------------ ------------ ------------ Total....................... $ 115,579 283,101 53,820 22,468 3,195 ============ ============ ============ ============ ============
(Continued) 45 45
NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, Continued MSUUSRealE VEWwBd VEWwEmgMkt VEWwHrdAst WPTGloPVC ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ 128 74 93 106 40 Single Premium contracts issued. on or after April 16, 1990.... 9,180 5,340 6,684 7,628 2,855 Multiple Payment and Flexible Premium contracts............. 34,702 20,187 25,267 28,833 10,791 ------------ ------------ ------------ ------------ ------------ Total....................... $ 44,010 25,601 32,044 36,567 13,686 ============ ============ ============ ============ ============ WPTintEq WPTSmCoGr ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ 204 333 Single Premium contracts issued on or after April 16, 1990.... 14,649 23,934 Multiple Payment and Flexible Premium contracts............. 55,372 90,470 ------------ ------------ Total....................... $ 70,225 114,737 ============ ============ The following table provides mortality and expense risk charges for all single premium contracts and multiple payment and flexible payment contracts for the period ended December 31, 1998: TOTAL ACVPBal ACVPCapAp ACVPLcincGr ACVPint ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ 19,963 - 1,274 - - Single Premium contracts issued on or after April 16, 1990.... 1,519,080 10,112 21,146 2,536 34,065 Multiple Payment and Flexible Premium contracts............. 4,699,480 28,860 59,964 5,054 66,239 ------------ ------------ ------------ ------------ ------------ Total....................... $ 6,238,523 38,972 82,384 7,590 100,304 ============ ============ ============ ============ ============ ACVPValue DrySRGr DryStkix DryVApp DryVGrinc ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ - - 3,655 102 - Single Premium contracts issued on or after April 16, 1990.... 4,104 9,572 112,048 10,336 2,255 Multiple Payment and Flexible Premium contracts............. 15,894 67,383 392,626 16,686 12,787 ------------ ------------ ------------ ------------ ------------ Total....................... $ 19,998 76,955 508,329 27,124 15,042 ============ ============ ============ ============ ============ FidVEqin FidVGr FidVHiln FidVOvSe FidVAM ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ 2,438 2,343 842 1,068 296 Single Premium contracts issued on or after April 16, 1990.... 194,440 188,365 49,966 53,993 86,061 Multiple Payment and Flexible Premium contracts............. 418,071 568,902 160,813 112,745 152,850 ------------ ------------ ------------ ------------ ------------ Total....................... $ 614,949 759,610 211,621 167,806 239,207 ============ ============ ============ ============ ============
46 46
FidVCon FidVGrOp NSATCapAp NSATGvtBd NSATMMkt ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ 128 - 654 305 1,358 Single Premium contracts issued on or after April 16, 1990.... 71,967 10,876 43,608 65,744 137,439 Multiple Payment and Flexible Premium contracts............. 244,146 24,873 213,916 45,233 276,180 ------------ ------------ ------------ ------------ ------------ Total....................... $ 316,241 35,749 258,178 111,282 414,977 ============ ============ ============ ============ ============ NSATSmCapV NSATSmCo NSATTotRtn NBAMTGro NBAMTGuard ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ - - 1,584 1,581 - Single Premium contracts issued on or after April 16, 1990.... 3,094 13,672 58,566 43,543 553 Multiple Payment and Flexible Premium contracts............. 414 101,912 613,346 108,763 4,227 ------------ ------------ ------------ ------------ ------------ Total....................... $ 3,508 115,584 673,496 153,887 4,780 ============ ============ ============ ============ ============ NBAMTLMat NBAMTPart OppBdVA OppCapApVA OppGLSecVa ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ 930 - - - - Single Premium contracts issued on or after April 16, 1990.... 14,562 50,988 20,073 4,182 20,102 Multiple Payment and Flexible Premium contracts............. 27,237 203,440 71,491 22,064 127,490 ------------ ------------ ------------ ------------ ------------ Total....................... $ 42,729 254,428 91,564 26,246 147,592 ============ ============ ============ ============ ============ OppMltStVA StOpp2 StVDisc2 StVintStk2 MSUEmMkt ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ - 120 - - - Single Premium contracts issued on or after April 16, 1990.... 31,490 41,028 13,873 4,013 635 Multiple Payment and Flexible Premium contracts............. 73,481 179,612 44,277 11,015 1,765 ------------ ------------ ------------ ------------ ------------ Total....................... $ 104,971 220,760 58,150 15,028 2,400 ============ ============ ============ ============ ============ MSUUSRealE VEWwBd VEWwEmgMkt VEWwHrdAst WPTGloPVC ------------ ------------ ------------ ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ 575 39 - 486 - Single Premium contracts issued on or after April 16, 1990.... 13,117 11,374 1,792 17,613 3,460 Multiple Payment and Flexible Premium contracts............. 38,337 15,186 12,394 20,246 2,733 ------------ ------------ ------------ ------------ ------------ Total....................... $ 52,029 26,599 14,186 38,345 6,193 ============ ============ ============ ============ ============ WPTIntEq WPTSmCoGr ------------ ------------ Single Premium contracts Issued prior to April 16, 1990....... $ 185 - Single Premium contracts issued on or after April 16, 1990.... 13,450 29,267 Multiple Payment and Flexible Premium contracts............. 59,360 77,468 ------------ ------------ Total....................... $ 72,995 106,735 ============ ============
(Continued) 47 47 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS,Continued (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 up to 90% (50% during first year of single and modified single premium contracts) of a policy's cash surrender value. For single premium contracts issued prior to April 16, 1990, 6.5% interest is due and payable annually in advance. For single premium contracts issued on or after April 16, 1990, multiple payment, flexible premium, modified single and last survivor flexible premium contracts, 6% interest is due and payable in advance on the policy anniversary when there is a loan outstanding on the policy. 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. 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. 48 48 (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 period indicated, and the expense ratios and total return for each of the five years in the period ended December 31, 2000. The following is a summary for 2000:
Unit Contract Total Units Fair Value Owners' Equity Expenses(*) Return(**) ----- ---------- -------------- ----------- ---------- Single Premium contracts issued prior to April 16, 1990: American Century VP - American Century VP Capital Appreciation ................ 7,428 $39.820221 $295,785 1.13% 8.49% American Century VP - American Century VP International ......................... 2,453 22.205291 54,470 0.96% (17.24)% American Century VP - American Century VP Value ................................. 118 15.308543 1,806 1.00% 17.56% Dreyfus Stock Index Fund .................................... 6,384 30.300792 193,440 0.56% (9.73)% Fidelity VIP - Equity-Income Portfolio ...................... 5,076 47.985530 243,575 1.10% 7.88% Fidelity VIP - Growth Portfolio ............................. 4,686 70.634432 330,993 1.23% (11.42)% Fidelity VIP - High Income Portfolio ........................ 1,862 22.540543 41,970 0.86% (22.86)% Fidelity VIP - Overseas Portfolio ........................... 2,500 27.806776 69,517 0.70% (19.51)% Fidelity VIP-II - Asset Manager Portfolio ................... 1,178 29.647039 34,924 1.03% (4.41)% Fidelity VIP-III - Growth Opportunities Portfolio ........... 1,231 11.614608 14,298 0.86% (17.48)% Nationwide SAT - Government Bond Fund ....................... 1,707 25.392104 43,344 1.11% 11.98% Nationwide SAT - Money Market Fund .......................... 12,856 17.866283 229,689 0.96% 5.50% Nationwide SAT - Multi Sector Bond Fund ..................... 259 10.458203 2,709 1.11%(***) 6.83%(***) Nationwide SAT - Small Cap Value Fund ....................... 5,781 12.068870 69,770 1.07% 10.65% Nationwide SAT - Small Company Fund ......................... 762 25.176901 19,185 1.01% 8.36% Nationwide SAT - Total Return Fund .......................... 1,319 41.669957 54,963 0.45% (2.61)% Neuberger & Berman AMT - Growth Portfolio ................... 3,192 47.952407 153,064 1.02% (12.09)% Neuberger & Berman AMT - Limited Maturity Bond Fund ................................ 6,082 19.346478 117,665 1.10% 6.25% Neuberger & Berman AMT - Partners Portfolio ................. 72 25.096849 1,807 1.00% 0.20% Oppenheimer Bond Fund / VA .................................. 51 20.213946 1,031 1.07% 5.57% Oppenheimer Capital Appreciation Fund / VA .................. 6,917 18.017261 124,625 1.06% (0.73)% Oppenheimer Global Securities Fund / VA ..................... 2,118 30.445645 64,484 1.06% 4.57% Strong Opportunities Fund II, Inc. .......................... 447 42.694690 19,085 1.09% 6.07% The Universal Institutional Funds, Inc.- Emerging Markets Debt Portfolio (formerly Morgan Stanley - Emerging Markets Debt Portfolio) .......................... 1,265 9.982829 12,628 1.02% 10.83% The Universal Institutional Funds, Inc.- U.S.Real Estate Portfolio (formerly Van Kampen American Capital - Morgan Stanley Real Estate Portfolio) ..................... 3,074 19.442286 59,766 1.06%(***) 14.93%(***) Van Eck WIT - Worldwide Bond Fund ........................... 1,105 15.517699 17,147 0.97% 1.36% Van Eck WIT - Worldwide Emerging Markets Fund ........................... 407 6.661531 2,711 0.96% (42.15)% Van Eck WIT - Worldwide Hard Assets Fund .................... 5 13.393001 67 0.80% 10.85% Warburg Pincus Trust - Global Post-Venture Capital Portfolio ..................... 4,740 15.854894 75,152 0.92% (19.34)%
(Continued) 49 49 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, Continued
Unit Contract Total Units Fair Value Owners' Equity Expenses(*) Return(**) ----- ---------- -------------- ----------- ---------- Single Premium contracts issued on or after April 16, 1990: American Century VP - American Century VP Balanced . . . . . . . . . . 29,587 19.506844 577,149 1.27% (3.90)% American Century VP - American Century VP Capital Appreciation . . . . 156,838 26.057031 4,086,733 1.38% 7.63% American Century VP - American Century VP Income and Growth. . . . . . 48,794 11.128733 543,015 1.29% (11.76)% American Century VP - American Century VP International. . . . . . . . 126,911 21.441430 2,721,153 1.12% (17.90)% American Century VP - American Century VP Value. . . . . . . . . . . . 57,614 14.906133 858,802 1.23% 16.63% The Dreyfus Socially Responsible Growth Fund, Inc.. . . . . . . . . . . . . . . . 33,067 31.114958 1,028,878 1.38% (12.18)% Dreyfus Stock Index Fund . . . . . . . . . . . . . 248,888 29.173405 7,260,910 1.19% (10.45)% Dreyfus IP - European Equity Portfolio . . . . . . 5,683 9.273374 52,701 1.78%(***) (10.84)%(***) Dreyfus VIF - Appreciation Portfolio . . . . . . . 69,804 14.135555 986,718 1.32% (1.93)% Dreyfus VIF - Growth and Income Portfolio. . . . . 16,818 13.856323 233,036 1.93% (5.02)% Fidelity VIP - Equity-Income Portfolio . . . . . . 304,863 38.221825 11,652,420 1.30% 7.03% Fidelity VIP - Growth Portfolio. . . . . . . . . . 342,658 47.567395 16,299,348 1.32% (12.12)% Fidelity VIP - High Income Portfolio . . . . . . . 100,049 22.581448 2,259,251 1.21% (23.47)% Fidelity VIP - Overseas Portfolio. . . . . . . . . 168,125 19.502680 3,278,888 1.11% (20.15)% Fidelity VIP-II - Asset Manager Portfolio. . . . . 201,334 28.195602 5,676,733 1.37% (5.16)% Fidelity VIP-II - Contrafund Portfolio . . . . . . 250,535 23.563410 5,903,459 1.28% (7.82)% Fidelity VIP-III - Growth Opportunities Portfolio. 19,392 11.331281 219,736 1.52% (18.13)% Gartmore NSAT Global Technology & Communications Fund. . . . . . . . . . . . . . 18,398 5.998698 110,364 1.43%(***) (160.59)%(***) Janus Aspen Series - Capital Appreciation Portfolio . . . . . . . . . 22,133 7.865419 174,085 1.24%(***) (31.83)%(***) Janus Aspen Series - Global Technology Portfolio. . . . . . . . . . . 52,739 6.720656 354,441 1.57%(***) (48.88)%(***) Janus Aspen Series - International Growth Portfolio . . . . . . . . . 72,749 7.883682 573,530 1.63%(***) (31.55)%(***) Nationwide SAT - Capital Appreciation Fund . . . . 45,948 22.863519 1,050,533 1.01% (27.48)% Nationwide SAT - Government Bond Fund. . . . . . . 188,357 20.498919 3,861,115 1.34% 11.09% Nationwide SAT - Mid Cap Growth Fund . . . . . . . 9,148 8.081237 73,927 1.03%(***) (28.61)%(***) Nationwide SAT - Mid Cap Index Fund. . . . . . . . 10,564 10.427067 110,152 1.34%(***) 6.37%(***) Nationwide SAT - Money Market Fund . . . . . . . . 857,846 14.589227 12,515,310 1.31% 4.66% Nationwide SAT - Multi Sector Bond Fund. . . . . . 1,928 10.403041 20,057 1.09%(***) 6.01%(***) Nationwide SAT - Small Cap Growth Fund . . . . . . 3,122 8.049546 25,131 1.43%(***) (29.07)%(***) Nationwide SAT - Small Cap Value Fund. . . . . . . 236,917 11.814503 2,799,057 1.32% 9.77% Nationwide SAT - Small Company Fund. . . . . . . . 74,796 24.415235 1,826,162 1.57% 7.50% Nationwide SAT - Total Return Fund . . . . . . . . 103,521 34.985736 3,621,758 1.34% (3.38)% Neuberger & Berman AMT - Growth Portfolio. . . . . 110,577 32.939123 3,642,309 1.43% (12.79)% Neuberger & Berman AMT - Guardian Portfolio. . . . 4,316 10.513749 45,377 1.71% (0.17)% Neuberger & Berman AMT - Limited Maturity Bond Portfolio. . . . . . . . . 55,938 16.150810 903,444 1.44% 5.41% Neuberger & Berman AMT - Partners Portfolio. . . . 56,278 24.233377 1,363,806 1.09% (0.59)%
50 50
Unit Contract Total Units Fair Value Owners' Equity Expenses(*) Return(**) ----- ---------- -------------- ----------- ---------- Oppenheimer Aggressive Growth Fund / VA. . . . . . 25,730 7.757136 199,591 1.32%(***) (33.44)%(***) Oppenheimer Bond Fund / VA . . . . . . . . . . . . 57,658 19.224081 1,108,422 1.33% 4.73% Oppenheimer Capital Appreciation Fund / VA . . . . 91,772 17.577949 1,613,164 1.73% (1.51)% Oppenheimer Global Securities Fund / VA. . . . . . 103,662 29.312842 3,038,628 1.50% 3.74% Oppenheimer Main Street Growth and Income / VA . . . . . . . 3,017 8.977032 27,084 1.42%(***) (15.25)%(***) Oppenheimer Multiple Strategies Fund / VA. . . . . 102,256 26.413991 2,700,989 1.45% 5.07% Strong Opportunity Fund II, Inc. . . . . . . . . . 101,232 40.898881 4,140,276 1.47% 5.23% Strong VIF - Strong Discovery Fund II. . . . . . . 29,577 20.076460 593,801 1.38% 3.05% Strong VIF - Strong International Stock Fund II. . 77,557 9.861771 764,849 0.71% (40.30)% The Universal Institutional Funds, Inc.- Emerging Markets Debt Portfolio (formerly Morgan Stanley - Emerging Markets Debt Portfolio) . . . . . . . . 9,551 9.739230 93,019 1.78% 9.96% The Universal Institutional Funds, Inc.- U.S.Real Estate Portfolio (formerly Van Kampen American Capital - Morgan Stanley Real Estate Portfolio). . . . . . 50,123 18.833757 944,004 1.77%(***) 14.11%(***) Van Eck WIT - Worldwide Bond Fund. . . . . . . . . 31,281 14.757769 461,638 1.38% 0.56% Van Eck WIT - Worldwide Emerging Markets Fund. . . . . . . . . 37,709 6.486254 244,590 0.43% (42.61)% Van Eck WIT - Worldwide Hard Assets Fund . . . . . 57,160 14.404038 823,335 1.35% 9.97% Warburg Pincus Trust - Global Post-Venture Capital Portfolio. . . . . . 11,974 15.438040 184,855 0.78% (19.98)% Warburg Pincus Trust - International Equity Portfolio . . . . . . . . . 66,083 12.864457 850,122 1.07% (26.85)% Warburg Pincus Trust - Small Company Growth Portfolio . . . . . . . . . 118,070 20.639565 2,436,913 1.31% (19.17)% Multiple Payment contracts and Flexible Premium contracts: American Century VP - American Century VP Balanced . . . . . . . . . . 204,099 20.372425 4,157,992 0.79% (3.42)% American Century VP - American Century VP Capital Appreciation . . . . 819,897 25.207415 20,667,484 0.98% 8.17% American Century VP - American Century VP Income and Growth. . . . . . 303,622 11.277817 3,424,193 0.79% (11.32)% American Century VP - American Century VP International. . . . . . . . 754,646 22.139513 16,707,495 0.90% (17.49)% American Century VP - American Century VP Value. . . . . . . . . . . . 323,587 15.208380 4,921,234 0.57% 17.21% The Dreyfus Socially Responsible Growth Fund, Inc. . . . . . . . . . . . . . . . 508,803 32.259560 16,413,761 0.86% (11.74)% Dreyfus Stock Index Fund . . . . . . . . . . . . . 2,613,545 30.248565 79,055,986 0.83% (10.00)% Dreyfus IP - European Equity Portfolio . . . . . . 3,721 9.304097 34,621 0.34%(***) (10.38)%(***) Dreyfus VIF - Appreciation Portfolio . . . . . . . 365,003 14.382034 5,249,486 0.79% (1.44)% Dreyfus VIF - Growth and Income Portfolio. . . . . 152,925 14.137245 2,161,938 0.77% (4.54)% Fidelity VIP - Equity-Income Portfolio . . . . . . 1,556,185 40.214814 62,581,690 0.72% 7.56% Fidelity VIP - Growth Portfolio. . . . . . . . . . 2,621,312 49.366480 129,404,946 0.87% (11.69)% Fidelity VIP - High Income Portfolio . . . . . . . 619,065 21.565326 13,350,339 0.84% (23.09)% Fidelity VIP - Overseas Portfolio. . . . . . . . . 866,875 21.539183 18,671,779 0.87% (19.75)%
(Continued) 51 51 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, Continued
Unit Contract Total Units Fair Value Owners' Equity Expenses(*) Return(**) ----- ---------- -------------- ----------- ---------- Fidelity VIP-II - Asset Manager Portfolio ............. 851,071 26.071970 22,189,098 0.78% (4.69)% Fidelity VIP-II - Contrafund Portfolio ................ 2,107,468 24.218904 51,040,565 0.81% (7.36)% Fidelity VIP-III - Growth Opportunities Portfolio ..... 358,453 11.528985 4,132,599 0.77% (17.72)% Gartmore NSAT Emerging Markets Fund ................... 1,063 8.695491 9,243 0.82%(***) (52.38)%(***) Gartmore NSAT Global Technology & Communications Fund ................................ 46,652 6.005978 280,191 0.69%(***) (160.31)%(***) Gartmore NSAT International Growth Fund ............... 453 9.231934 4,182 0.67%(***) (30.83)%(***) Janus Aspen Series - Capital Appreciation Portfolio ....................... 297,781 7.891490 2,349,936 0.68%(***) (31.44)%(***) Janus Aspen Series - Global Technology Portfolio .......................... 259,751 6.742955 1,751,489 0.61%(***) (48.56)%(***) Janus Aspen Series - International Growth Portfolio ....................... 174,672 7.909816 1,381,623 0.63%(***) (31.16)%(***) Nationwide SAT - Capital Appreciation Fund ............ 952,662 23.877962 22,747,627 0.84% (27.12)% Nationwide SAT - Government Bond Fund ................. 359,189 19.556523 7,024,488 0.62% 11.65% Nationwide SAT - Mid Cap Growth Fund .................. 76,685 8.108035 621,765 0.83%(***) (28.21)%(***) Nationwide SAT - Mid Cap Index Fund ................... 145,426 10.461575 1,521,385 0.52%(***) 6.89%(***) Nationwide SAT - Money Market Fund .................... 2,268,467 14.571330 33,054,581 0.71% 5.18% Nationwide SAT - Multi Sector Bond Fund ............... 3,000 10.437484 31,312 0.91%(***) 6.51%(***) Nationwide SAT - Small Cap Growth Fund ................ 85,563 8.076240 691,027 0.63%(***) (28.68)%(***) Nationwide SAT - Small Cap Value Fund ................. 275,697 11.972833 3,300,874 0.42% 10.32% Nationwide SAT - Small Company Fund ................... 998,068 25.056031 25,007,623 0.84% 8.03% Nationwide SAT - Total Return Fund .................... 2,359,054 34.069071 80,370,778 0.79% (2.90)% Neuberger & Berman AMT - Growth Portfolio ............. 793,907 33.145055 26,314,091 1.06% (12.36)% Neuberger & Berman AMT - Guardian Portfolio ........... 149,159 10.654639 1,589,235 0.80% 0.33% Neuberger & Berman AMT - Limited Maturity Bond Portfolio ...................... 141,846 15.848178 2,248,001 0.67% 5.94% Neuberger & Berman AMT - Partners Portfolio ........... 781,588 25.022294 19,557,125 0.79% (0.01)% Oppenheimer Aggressive Growth Fund / VA ............... 313,898 7.782869 2,443,027 0.84%(***) (33.05)%(***) Oppenheimer Bond Fund / VA ............................ 480,377 18.615856 8,942,629 0.76% 5.26% Oppenheimer Capital Appreciation Fund / VA ............ 796,536 17.884539 14,245,679 0.88% (1.02)% Oppenheimer Global Securities Fund / VA ............... 1,096,887 30.393395 33,338,120 0.85% 4.26% Oppenheimer Main Street Growth and Income / VA ................... 33,482 9.006749 301,564 0.57%(***) (14.80)%(***) Oppenheimer Multiple Strategies Fund / VA ............. 412,843 26.579650 10,973,222 0.78% 5.59% Strong Opportunity Fund II, Inc. ...................... 877,807 42.709091 37,490,339 0.80% 5.75% Strong VIF - Strong Discovery Fund II ................. 271,144 20.965624 5,684,703 0.86% 3.57% Strong VIF - Strong International Stock Fund II ....... 210,636 10.120684 2,131,780 1.32% (40.00)% The Universal Institutional Funds, Inc.- Emerging Markets Debt Portfolio (formerly Morgan Stanley - Emerging Markets Debt Portfolio) ..................... 62,323 9.909218 617,572 0.97% 10.50% The Universal Institutional Funds, Inc.- U.S.Real Estate Portfolio (formerly Van Kampen American Capital - Morgan Stanley Real Estate Portfolio) ................ 277,285 19.357784 5,367,623 0.71%(***) 14.61%(***) Turner NSAT Growth Focus Fund ......................... 7,806 6.332010 49,428 0.70%(***) (147.22)%(***) Van Eck WIT - Worldwide Bond Fund ..................... 123,195 14.152095 1,743,467 0.79% 1.06%
52 52
Unit Contract Total Units Fair Value Owners' Equity Expenses(*) Return(**) ----- ---------- -------------- ----------- ---------- Van Eck WIT - Worldwide Emerging Markets Fund ...................... 443,771 6.617911 2,936,837 1.05% (42.33)% Van Eck WIT - Worldwide Hard Assets Fund ............... 186,255 16.202639 3,017,823 0.81% 10.52% Warburg Pincus Trust - Global Post-Venture Capital Portfolio ................ 139,959 15.751152 2,204,515 0.99% (19.58)% Warburg Pincus Trust - International Equity Portfolio ....................... 525,361 13.222451 6,946,560 0.82% (26.48)% Warburg Pincus Trust - Small Company Growth Portfolio ....................... 942,509 21.214019 19,994,404 0.91% (18.76)% Modified Single Premium contracts and Last Survivor Flexible Premium Contracts: American Century VP - American Century VP Balanced ......................... 46,479 15.701900 729,809 0.00% (2.65)% American Century VP - American Century VP Capital Appreciation ............. 136,380 15.483078 2,111,582 0.00% 9.03% American Century VP - American Century VP Income and Growth ................ 51,494 11.520561 593,240 0.00% (10.62)% American Century VP - American Century VP International .................... 143,626 20.710054 2,974,502 0.00% (16.83)% American Century VP - American Century VP Value ............................ 53,790 15.704757 844,759 0.00% 18.14% The Dreyfus Socially Responsible Growth Fund, Inc. .................................... 87,987 21.499776 1,891,701 0.00% (11.03)% Dreyfus Stock Index Fund ............................... 591,538 21.373424 12,643,192 0.00% (9.28)% Dreyfus IP - European Equity Portfolio ................. 2,553 9.353456 23,879 0.00% (9.65)% Dreyfus VIF - Appreciation Portfolio ................... 68,662 14.785375 1,015,193 0.00% (0.65)%(***) Dreyfus VIF - Growth and Income Portfolio .............. 50,580 14.598583 738,396 0.00% (3.78)% Fidelity VIP - Equity-Income Portfolio ................ 410,082 17.788146 7,294,598 0.00% 8.42% Fidelity VIP - Growth Portfolio ........................ 494,090 22.013206 10,876,505 0.00% (10.98)% Fidelity VIP - High Income Portfolio ................... 251,453 10.222956 2,570,593 0.00% (22.47)% Fidelity VIP - Overseas Portfolio ...................... 109,074 15.480896 1,688,563 0.00% (19.11)% Fidelity VIP-II - Asset Manager Portfolio .............. 97,054 16.328861 1,584,781 0.00% (3.93)% Fidelity VIP-II - Contrafund Portfolio ................. 339,730 21.061590 7,155,254 0.00% (6.62)% Fidelity VIP-III - Growth Opportunities Portfolio ...... 67,837 11.852480 804,037 0.00% (17.07)% Gartmore NSAT Global Technology & Communications Fund ................................ 2,596 6.017639 15,622 0.00% (159.83)%(***) Janus Aspen Series - Capital Appreciation Portfolio ...................... 54,056 7.933369 428,846 0.00% (30.82)%(***) Janus Aspen Series - Global Technology Portfolio .......................... 51,067 6.778794 346,173 0.00% (48.02)%(***) Janus Aspen Series - International Growth Portfolio ....................... 28,662 7.951801 227,915 0.00% (30.53)%(***) Nationwide SAT - Capital Appreciation Fund ............. 202,780 15.547089 3,152,639 0.00% (26.53)% Nationwide SAT - Government Bond Fund .................. 147,694 14.017108 2,070,243 0.00% 12.54% Nationwide SAT - Mid Cap Growth Fund ................... 15,341 8.151094 125,046 0.00% (27.57)%(***) Nationwide SAT - Mid Cap Index Fund .................... 15,903 10.517026 167,252 0.00% 7.71%(***) Nationwide SAT - Money Market Fund ..................... 690,357 12.735851 8,792,284 0.00% 6.03% Nationwide SAT - Multi Sector Bond Fund ................ 3,146 10.492823 33,010 0.00% 7.35%(***) Nationwide SAT - Small Cap Growth Fund ................. 5,428 8.119138 44,071 0.00% (28.04)%(***) Nationwide SAT - Small Cap Value Fund .................. 92,343 12.230652 1,129,415 0.00% 11.20%
(Continued) 53 53 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, Continued
Unit Contract Total Units Fair Value Owners' Equity Expenses(*) Return(**) ----- ---------- -------------- ----------- ---------- Nationwide SAT - Small Company Fund .............. 232,635 19.565011 4,551,506 0.00% 8.90% Nationwide SAT - Total Return Fund ............... 383,717 18.308017 7,025,097 0.00% (2.12)% Neuberger & Berman AMT - Growth Portfolio ........ 165,377 19.543829 3,232,100 0.00% (11.66)% Neuberger & Berman AMT - Guardian Portfolio ...... 31,192 10.883981 339,493 0.00% 1.13% Neuberger & Berman AMT - Limited Maturity Bond Portfolio ................. 48,744 12.650873 616,654 0.00% 6.78% Neuberger & Berman AMT - Partners Portfolio ...... 218,683 16.971642 3,711,410 0.00% 0.07% Oppenheimer Aggressive Growth Fund / VA .......... 29,380 7.824211 229,875 0.00% (32.44)%(***) Oppenheimer Bond Fund / VA ....................... 108,962 12.977817 1,414,089 0.00% 6.10% Oppenheimer Capital Appreciation Fund / VA ....... 115,080 18.386180 2,115,882 0.00% (0.23)% Oppenheimer Global Securities Fund / VA .......... 119,169 25.205074 3,003,663 0.00% 5.09% Oppenheimer Main Street Growth and Income / VA .............. 10,745 9.054521 97,291 0.00% (14.09)%(***) Oppenheimer Multiple Strategies Fund / VA ........ 82,390 16.271709 1,340,626 0.00% 6.44% Strong Opportunity Fund II, Inc. ................. 96,471 22.004768 2,122,822 0.00% 6.60% Strong VIF - Strong Discovery Fund II ............ 25,155 12.955970 325,907 0.00% 4.39% Strong VIF - Strong International Stock Fund II .. 51,648 9.373600 484,128 0.00% (39.52)% The Universal Institutional Funds, Inc.- Emerging Markets Debt Portfolio (formerly Morgan Stanley - Emerging Markets Debt Portfolio) ................ 33,493 10.187412 341,207 0.00% 11.39% The Universal Institutional Funds, Inc.- U.S.Real Estate Portfolio (formerly Van Kampen American Capital - Morgan Stanley Real Estate Portfolio) ........... 57,529 18.164582 1,044,990 0.00% 15.43%(***) Van Eck WIT - Worldwide Bond Fund ................ 15,146 11.400381 172,670 0.00% 1.87% Van Eck WIT - Worldwide Emerging Markets Fund ................. 91,301 6.834145 623,964 0.00% (41.87)% Van Eck WIT - Worldwide Hard Assets Fund ......... 35,253 9.200485 324,345 0.00% 11.40% Warburg Pincus Trust - Global Post-Venture Capital Portfolio ........... 19,402 16.265390 315,581 0.00% (18.94)% Warburg Pincus Trust - International Equity Portfolio .................. 119,996 11.631433 1,395,725 0.00% (25.90)% Warburg Pincus Trust - Small Company Growth Portfolio .................. 212,377 15.287247 3,246,660 0.00% (18.11)% ======= ========= ------------ $1,071,884,297 ============== The following is a summary for 1999: Single Premium contracts issued prior to April 16, 1990: American Century VP - American Century VP Capital Appreciation . . . . . 6,108 $ 36.406768 $ 222,373 0.87% 63.70% American Century VP - American Century VP International . . . . . . . . . 2,459 26.614141 65,444 1.10% 63.23% The Dreyfus Socially Responsible Growth Fund, Inc. . . . . . . . . . . . . . . . . . 1,699 36.209915 61,521 1.08% 29.43% Dreyfus Stock Index Fund . . . . . . . . . . . . . . 16,208 33.296352 539,667 0.44% 20.00%
54 54
Unit Contract Total Units Fair Value Owners' Equity Expenses(*) Return(**) ----- ---------- -------------- ----------- ---------- Dreyfus VIF - Appreciation Portfolio ...................... 868 14.538186 12,619 1.37% 10.90% Fidelity VIP - Equity-Income Portfolio .................... 5,082 44.120448 224,220 0.83% 5.80% Fidelity VIP - Growth Portfolio ........................... 3,009 79.099308 238,010 1.32% 36.75% Fidelity VIP - High Income Portfolio ...................... 2,115 28.983767 61,301 0.73% 7.62% Fidelity VIP - Overseas Portfolio ......................... 4,084 34.268141 139,951 0.45% 41.92% Fidelity VIP-II - Asset Manager Portfolio ................. 1,185 30.762893 36,454 1.39% 10.54% Fidelity VIP-II - Contrafund Portfolio .................... 677 25.968332 17,581 1.37% 23.63% Fidelity VIP-III - Growth Opportunities Portfolio ......... 1,477 13.960952 20,620 1.33% 3.75% Morgan Stanley - Emerging Markets Debt Portfolio ......................... 1,518 8.934183 13,562 0.13% 28.73% Nationwide SAT - Capital Appreciation Fund ................ 1,979 32.388538 64,097 1.36% 3.76% Nationwide SAT - Government Bond Fund ..................... 1,747 22.492327 39,294 0.95% (2.83)% Nationwide SAT - Money Market Fund ........................ 16,350 16.794246 274,586 0.56% 4.32% Nationwide SAT - Small Cap Value Fund ..................... 2,201 10.825871 23,828 0.31% 27.20% Nationwide SAT - Small Company Fund ....................... 913 23.047417 21,042 1.32% 43.30% Nationwide SAT - Total Return Fund ........................ 4,738 42.439374 201,078 1.18% 6.41% Neuberger & Berman AMT - Growth Portfolio ................. 3,041 54.109841 164,548 0.31% 49.65% Neuberger & Berman AMT - Guardian Portfolio ............... 561 10.593122 5,943 1.25% 14.36% Neuberger & Berman AMT - Limited Maturity Bond Portfolio ......................... 5,986 18.060558 108,111 0.85% 0.97% Strong Opportunities Fund II, Inc. ........................ 450 40.018322 18,008 1.21% 34.23% Van Eck WIT - Worldwide Bond Fund ......................... 1,325 15.185599 20,121 0.60% (8.28)% Van Eck WIT - Worldwide Emerging Markets Fund ......................... 6,267 11.423096 71,589 0.86% 99.29% Van Eck WIT - Worldwide Hard Assets Fund .................. 10 11.984540 120 0.81% 20.40% Single Premium contracts issued on or after April 16, 1990: American Century VP - American Century VP Balanced ............................ 36,043 20.298769 731,629 1.18% 8.64% American Century VP - American Century VP Capital Appreciation ................ 134,822 24.209204 3,263,933 0.91% 62.40% American Century VP - American Century VP Income and Growth ................... 53,220 12.612413 671,233 1.29% 16.50% American Century VP - American Century VP International ....................... 162,982 26.114709 4,256,228 0.74% 61.93% American Century VP - American Century VP Value ............................... 26,781 12.781220 342,294 1.31% (2.13)% The Dreyfus Socially Responsible Growth Fund, Inc. ....................................... 31,488 35.428815 1,115,583 1.59% 28.40% Dreyfus Stock Index Fund .................................. 315,343 32.576553 10,272,788 1.56% 19.05% Dreyfus VIF - Appreciation Portfolio ...................... 81,279 14.413356 1,171,503 1.20% 10.02% Dreyfus VIF - Growth and Income Portfolio ................. 9,941 14.588194 145,021 1.43% 15.38% Fidelity VIP - Equity-Income Portfolio ................... 395,355 35.712129 14,118,969 1.00% 4.96% Fidelity VIP - Growth Portfolio ........................... 355,884 54.130524 19,264,187 1.39% 35.66% Fidelity VIP - High Income Portfolio ...................... 105,520 29.506936 3,113,572 1.16% 6.76% Fidelity VIP - Overseas Portfolio ......................... 213,601 24.423718 5,216,931 0.88% 40.79% Fidelity VIP-II - Asset Manager Portfolio ................. 211,956 29.730624 6,301,584 0.86% 9.66% Fidelity VIP-II - Contrafund Portfolio .................... 290,335 25.563198 7,421,891 1.46% 22.65%
(Continued) 55 55 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, Continued
Unit Contract Total Units Fair Value Owners' Equity Expenses(*) Return(**) ----- ---------- -------------- ----------- ---------- Fidelity VIP-III - Growth Opportunities Portfolio .. 21,868 13.841079 302,677 1.68% 2.93% Morgan Stanley - Emerging Markets Debt Portfolio .................. 6,540 8.857388 57,927 1.23% 27.71% Nationwide SAT - Capital Appreciation Fund ......... 62,075 31.526314 1,956,996 0.84% 2.93% Nationwide SAT - Government Bond Fund .............. 240,383 18.452016 4,435,551 0.52% (3.61)% Nationwide SAT - Money Market Fund ................. 1,082,615 13.940225 15,091,897 0.66% 3.49% Nationwide SAT - Small Cap Value Fund .............. 23,585 10.762831 253,841 1.07% 26.19% Nationwide SAT - Small Company Fund ................ 66,890 22.712185 1,519,218 1.60% 42.16% Nationwide SAT - Total Return Fund ................. 115,322 36.208762 4,175,667 1.62% 5.56% Neuberger & Berman AMT - Growth Portfolio .......... 97,552 37.771042 3,684,641 1.07% 48.46% Neuberger & Berman AMT - Guardian Portfolio ........ 2,945 10.531438 31,015 1.77% 13.45% Neuberger & Berman AMT - Limited Maturity Bond Portfolio .................. 58,827 15.321478 901,317 0.72% 0.17% Neuberger & Berman AMT - Partners Portfolio ........ 69,118 24.377639 1,684,934 1.70% 5.98% Oppenheimer Bond Fund / VA ......................... 70,351 18.355321 1,291,315 1.32% (2.79)% Oppenheimer Capital Appreciation Fund / VA ......... 60,384 17.847892 1,077,727 1.44% 39.83% Oppenheimer Global Securities Fund / VA ............ 99,036 28.256521 2,798,413 1.81% 56.44% Oppenheimer Multiple Strategies Fund / VA .......... 106,259 25.139330 2,671,280 0.93% 10.35% Strong Opportunity Fund II, Inc. ................... 102,073 38.955700 3,976,325 1.63% 33.17% Strong VIF - Strong Discovery Fund II .............. 32,996 19.481837 642,823 1.28% 3.73% Strong VIF - Strong International Stock Fund II .... 142,490 16.519505 2,353,864 0.35% 84.79% Van Eck WIT - Worldwide Bond Fund .................. 34,273 14.675886 502,987 0.76% (9.01)% Van Eck WIT - Worldwide Emerging Markets Fund .................. 123,914 11.302972 1,400,596 0.87% 97.70% Van Eck WIT Worldwide Hard Assets Fund ............. 71,735 13.098076 939,590 0.65% 19.44% Van Kampen American Capital - Morgan Stanley Real Estate Securities Portfolio ................. 39,678 14.898574 591,146 1.12% (4.62)% Warburg Pincus Trust - Global Post-Venture Capital Portfolio ............ 88,739 19.293144 1,712,054 0.29% 61.39% Warburg Pincus Trust - International Equity Portfolio ................... 81,838 17.586224 1,439,221 1.17% 51.45% Warburg Pincus Trust - Small Company Growth Portfolio ................... 114,996 25.533360 2,936,234 0.91% 66.90% Multiple Payment contracts and Flexible Premium contracts: American Century VP - Balanced ..................... 222,611 21.094348 4,695,834 0.77% 9.18% American Century VP - American Century VP Capital Appreciation ......... 643,372 23.303640 14,992,909 0.71% 63.21% American Century VP - American Century VP Income and Growth ............ 235,223 12.717991 2,991,564 1.13% 17.08% American Century VP - American Century VP International ................ 649,836 26.831062 17,435,790 0.73% 62.74% American Century VP - American Century VP Value ........................ 156,791 12.975752 2,034,481 0.85% (1.64)% The Dreyfus Socially Responsible Growth Fund, Inc. ................................ 450,901 36.549891 16,480,382 0.68% 29.04% Dreyfus Stock Index Fund ........................... 2,592,791 33.609618 87,142,715 0.77% 19.64% Dreyfus VIF - Appreciation Portfolio ............... 404,377 14.591996 5,900,668 0.97% 10.57%
56 56
Unit Contract Total Units Fair Value Owners' Equity Expenses(*) Return(**) ----- ---------- -------------- ----------- ---------- Dreyfus VIF - Growth and Income Portfolio ............ 138,815 14.810164 2,055,873 0.69% 15.95% Fidelity VIP - Equity-Income Portfolio .............. 1,750,754 37.388084 65,457,338 0.89% 5.48% Fidelity VIP - Growth Portfolio ...................... 2,613,902 55.899014 146,114,544 0.75% 36.34% Fidelity VIP - High Income Portfolio ................. 672,537 28.039263 18,857,442 0.82% 7.29% Fidelity VIP - Overseas Portfolio .................... 863,446 26.840170 23,175,037 0.79% 41.49% Fidelity VIP-II - Asset Manager Portfolio ............ 917,098 27.355020 25,087,234 0.87% 10.21% Fidelity VIP-II - Contrafund Portfolio ............... 2,151,780 26.143948 56,256,024 0.76% 23.26% Fidelity VIP-III - Growth Opportunities Portfolio .... 385,372 14.012663 5,400,088 0.77% 3.44% Morgan Stanley - Emerging Markets Debt Portfolio .................... 43,728 8.967304 392,122 0.79% 28.35% Nationwide SAT - Capital Appreciation Fund ........... 1,104,444 32.761545 36,183,292 0.73% 3.45% Nationwide SAT - Government Bond Fund ................ 402,906 17.516435 7,057,477 1.32% (3.13)% Nationwide SAT - Money Market Fund ................... 2,312,418 13.853330 32,034,690 1.13% 4.01% Nationwide SAT - Small Cap Value Fund ................ 165,130 10.852975 1,792,152 0.91% 26.82% Nationwide SAT - Small Company Fund .................. 907,754 23.192622 21,053,195 0.60% 42.87% Nationwide SAT - Total Return Fund ................... 2,622,351 35.085217 92,005,754 0.68% 6.09% Neuberger & Berman AMT - Growth Portfolio ............ 660,524 37.818375 24,979,944 0.65% 49.20% Neuberger & Berman AMT - Guardian Portfolio .......... 181,217 10.619652 1,924,461 0.78% 14.02% Neuberger & Berman AMT - Limited Maturity Bond Portfolio .................... 203,409 14.959827 3,042,963 0.95% 0.67% Neuberger & Berman AMT - Partners Portfolio .......... 1,008,241 25.046437 25,252,845 0.71% 6.51% Oppenheimer Bond Fund / VA ........................... 520,266 17.686402 9,201,634 0.77% (2.30)% Oppenheimer Capital Appreciation Fund / VA ........... 535,283 18.069110 9,672,087 0.54% 40.53% Oppenheimer Global Securities Fund / VA .............. 1,018,848 29.152831 29,702,304 0.63% 57.22% Oppenheimer Multiple Strategies Fund / VA ............ 437,927 25.171538 11,023,296 0.85% 10.91% Strong Opportunity Fund II, Inc. ..................... 898,106 40.478200 36,353,714 0.71% 33.83% Strong VIF - Strong Discovery Fund II ................ 296,260 20.243703 5,997,399 0.65% 4.25% Strong VIF - Strong International Stock Fund II ...... 219,407 16.868902 3,701,155 0.70% 85.71% Van Eck WIT - Worldwide Bond Fund .................... 143,676 14.003753 2,012,003 0.92% (8.56)% Van Eck WIT - Worldwide Emerging Markets Fund .................... 576,742 11.474995 6,618,112 0.63% 98.69% Van Eck - Worldwide Hard Assets Fund ................. 206,979 14.660562 3,034,428 1.04% 20.04% Van Kampen American Capital - Morgan Stanley Real Estate Securities Portfolio ................... 246,788 15.237208 3,760,360 0.83% (4.14)% Warburg Pincus Trust - Global Post-Venture Capital Portfolio .............. 123,907 19.586645 2,426,922 0.67% 62.20% Warburg Pincus Trust - International Equity Portfolio ..................... 555,966 17.985801 9,999,494 0.66% 52.21% Warburg Pincus Trust - Small Company Growth Portfolio ..................... 754,487 26.113570 19,702,349 0.58% 67.73% Modified Single Premium contracts and Last Survivor Flexible Premium Contracts: American Century VP - Balanced ....................... 47,439 16.129489 765,167 0.00% 10.06% American Century VP - American Century VP Capital Appreciation ........... 67,671 14.200282 960,947 0.00% 64.52% American Century VP - American Century VP Income and Growth .............. 90,023 12.888778 1,160,286 0.00% 18.02% American Century VP - American Century VP International .................. 120,278 24.899615 2,994,876 0.00% 64.04%
(Continued) 57 57 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, Continued
Unit Contract Total Units Fair Value Owners' Equity Expenses(*) Return(**) ----- ---------- -------------- ----------- ---------- American Century VP - American Century VP Value . . . . . . . . . . . . . . 42,323 13.293167 562,607 0.00% (0.85)% The Dreyfus Socially Responsible Growth Fund, Inc. . . . . . . . . . . . . . . . . . . 72,077 24.166067 1,741,818 0.00% 30.08% Dreyfus Stock Index Fund . . . . . . . . . . . . . . . 619,532 23.560156 14,596,271 0.00% 20.60% Dreyfus VIF - Appreciation Portfolio . . . . . . . . . 54,118 14.882433 805,408 0.00% 11.46% Dreyfus VIF - Growth and Income Portfolio. . . . . . . 42,510 15.172345 644,976 0.00% 16.88% Fidelity VIP - Equity-Income Portfolio . . . . . . . . 442,948 16.406894 7,267,401 0.00% 6.33% Fidelity VIP - Growth Portfolio. . . . . . . . . . . . 462,592 24.728511 11,439,211 0.00% 37.44% Fidelity VIP - High Income Portfolio . . . . . . . . . 301,341 13.186454 3,973,619 0.00% 8.15% Fidelity VIP - Overseas Portfolio. . . . . . . . . . . 121,065 19.137888 2,316,928 0.00% 42.63% Fidelity VIP-II - Asset Manager Portfolio. . . . . . . 98,987 16.996678 1,682,450 0.00% 11.09% Fidelity VIP-II - Contrafund Portfolio . . . . . . . . 334,798 22.555449 7,551,519 0.00% 24.25% Fidelity VIP-III - Growth Opportunities Portfolio. . . 67,209 14.291602 960,524 0.00% 4.27% Morgan Stanley - Emerging Markets Debt Portfolio . . . . . . . . . . . 25,999 9.146001 237,787 0.00% 29.37% Nationwide SAT - Capital Appreciation Fund . . . . . . 234,699 21.161942 4,966,687 0.00% 4.28% Nationwide SAT - Government Bond Fund. . . . . . . . . 146,891 12.455412 1,829,588 0.00% (2.35)% Nationwide SAT - Money Market Fund . . . . . . . . . . 710,620 12.011954 8,535,935 0.00% 4.85% Nationwide SAT - Small Cap Value Fund. . . . . . . . . 86,677 10.998838 953,346 0.00% 27.84% Nationwide SAT - Small Company Fund. . . . . . . . . . 210,131 17.966399 3,775,297 0.00% 44.02% Nationwide SAT - Total Return Fund . . . . . . . . . . 408,867 18.704720 7,647,743 0.00% 6.94% Neuberger & Berman AMT - Growth Portfolio. . . . . . . 101,415 22.122463 2,243,550 0.00% 50.40% Neuberger & Berman AMT - Guardian Portfolio. . . . . . 28,718 10.762335 309,073 0.00% 14.93% Neuberger & Berman AMT - Limited Maturity Bond Portfolio . . . . . . . . . . . 73,941 11.847132 875,989 0.00% 1.48% Neuberger & Berman AMT - Partners Portfolio. . . . . . 229,651 16.853460 3,870,414 0.00% 7.37% Oppenheimer Bond Fund / VA . . . . . . . . . . . . . . 101,438 12.232154 1,240,805 0.00% (1.52)% Oppenheimer Capital Appreciation Fund / VA . . . . . . 83,414 18.428739 1,537,215 0.00% 41.66% Oppenheimer Global Securities Fund / VA. . . . . . . . 94,622 23.984739 2,269,484 0.00% 58.48% Oppenheimer Multiple Strategies Fund / VA. . . . . . . 80,822 15.287602 1,235,575 0.00% 11.80% Strong Opportunity Fund II, Inc. . . . . . . . . . . . 85,543 20.690172 1,769,899 0.00% 34.91% Strong VIF - Strong Discovery Fund II. . . . . . . . . 19,763 12.410693 245,273 0.00% 5.09% Strong VIF - Strong International Stock Fund II. . . . 91,170 15.499580 1,413,097 0.00% 87.20% Van Eck WIT - Worldwide Bond Fund. . . . . . . . . . . 16,613 11.191476 185,924 0.00% (7.82)% Van Eck WIT - Worldwide Emerging Markets Fund . . . . . . . . . . . 175,122 11.755719 2,058,685 0.00% 100.28% Van Eck WIT - Worldwide Hard Assets Fund . . . . . . . 38,783 8.258894 320,305 0.00% 21.00% Van Kampen LIT - Morgan Stanley Real Estate Securities Portfolio. . . . . . . . . . . 53,125 14.184757 753,565 0.00% (3.37)% Warburg Pincus Trust - Global Post-Venture Capital Portfolio . . . . . . . . 14,680 20.065541 294,562 0.00% 63.50% Warburg Pincus Trust - International Equity Portfolio. . . . . . . . . . . . 142,042 15.696053 2,229,499 0.00% 53.43% Warburg Pincus Trust - Small Company Growth Portfolio. . . . . . . . . . . . 154,684 18.668523 2,887,722 0.00% 69.08% ========= ========== -------------- $1,144,615,392 ==============
58 58
Unit Contract Total Units Fair Value Owners' Equity Expenses(*) Return(**) ----- ---------- -------------- ----------- ---------- The following is a summary for 1998: Single Premium contracts issued prior to April 16, 1990: American Century VP - American Century VP Capital Appreciation. . . . . . . . . 6,437 $ 22.339504 $ 143,799 0.76% (2.73)% Dreyfus Stock Index Fund . . . . . . . . . . . . . . . . . 14,798 27.871347 412,440 1.16% 27.46% Dreyfus VIF - Appreciation Portfolio . . . . . . . . . . . 876 13.168334 11,535 1.77% 29.45% Fidelity VIP - Equity-Income Portfolio . . . . . . . . . . 6,566 41.890019 275,050 0.91% 10.97% Fidelity VIP - Growth Portfolio. . . . . . . . . . . . . . 4,551 58.102055 264,422 0.97% 38.67% Fidelity VIP - High Income Portfolio . . . . . . . . . . . 3,510 27.054068 94,960 0.87% (4.89)% Fidelity VIP - Overseas Portfolio. . . . . . . . . . . . . 4,966 24.255551 120,453 0.92% 12.09% Fidelity VIP-II - Asset Manager Portfolio. . . . . . . . . 1,193 27.955691 33,351 0.94% 14.38% Fidelity VIP-II - Contrafund Portfolio . . . . . . . . . . 684 21.098746 14,432 0.37% 29.22% Nationwide SAT - Capital Appreciation Fund . . . . . . . . 2,354 31.356408 73,813 0.99% 29.20% Nationwide SAT - Government Bond Fund. . . . . . . . . . . 1,481 23.252862 34,437 0.75% 8.27% Nationwide SAT - Money Market Fund . . . . . . . . . . . . 9,477 16.171326 153,256 0.91% 4.67% Nationwide SAT - Total Return Fund . . . . . . . . . . . . 4,462 40.062865 178,761 1.14% 17.38% Neuberger & Berman AMT - Growth Portfolio. . . . . . . . . 4,910 36.321304 178,338 0.93% 14.85% Neuberger & Berman AMT - Limited Maturity Bond Portfolio . . . . . . . . . . . . . 5,842 17.967444 104,966 0.92% 3.78% Strong Opportunities Fund II, Inc. . . . . . . . . . . . . 452 29.946506 13,536 0.93% 12.88% Van Eck WIT - Worldwide Bond Fund. . . . . . . . . . . . . 264 16.631673 4,391 1.65% 12.09% Van Eck WIT - Worldwide Hard Assets Fund . . . . . . . . . 5,479 9.998900 54,784 0.72% (31.37)% Van Kampen American Capital - Morgan Stanley Real Estate Securities Portfolio. . . . . . . . . . . . . 4,103 15.812545 64,879 0.82% (12.14)% Warburg Pincus Trust - International Equity Portfolio. . . . . . . . . . . . . . 1,777 11.754581 20,888 0.90% 4.73% Single Premium contracts issued on or after April 16, 1990: American Century VP - American Century VP Balanced. . . . . . . . . . . . . . . 43,205 18.685028 807,287 1.41% 14.28% American Century VP - American Century VP Capital Appreciation. . . . . . . . . 113,249 14.906965 1,688,199 1.15% (3.42)% American Century VP - American Century VP Income and Growth . . . . . . . . . . 18,703 10.826437 202,487 1.25%(***) 12.31%(***) American Century VP - American Century VP International . . . . . . . . . . . . 168,629 16.127264 2,719,524 1.61% 17.23% American Century VP - American Century VP Value . . . . . . . . . . . . . . . . 25,086 13.059452 327,609 1.04% 3.46% The Dreyfus Socially Responsible Growth Fund, Inc. . . . . . . . . . . . . . . . . . . . . 27,695 27.592332 764,170 1.40% 27.71% Dreyfus Stock Index Fund . . . . . . . . . . . . . . . . . 326,895 27.364353 8,945,270 1.56% 26.56% Dreyfus VIF - Appreciation Portfolio . . . . . . . . . . . 62,982 13.101026 825,129 1.14% 28.54% Dreyfus VIF - Growth and Income Portfolio. . . . . . . . . 14,240 12.644103 180,052 1.45% 10.37% Fidelity VIP - Equity-Income Portfolio . . . . . . . . . . 456,214 34.025630 15,522,969 1.22% 10.19% Fidelity VIP - Growth Portfolio. . . . . . . . . . . . . . 376,885 39.900577 15,037,929 1.54% 37.69% Fidelity VIP - High Income Portfolio . . . . . . . . . . . 144,326 27.638937 3,989,017 1.15% (5.56)% Fidelity VIP - Overseas Portfolio. . . . . . . . . . . . . 248,471 17.348011 4,310,478 1.18% 11.29%
(Continued) 59 59 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, Continued
Unit Contract Total Units Fair Value Owners' Equity Expenses(*) Return(**) ----- ---------- -------------- ----------- ---------- Fidelity VIP-II - Asset Manager Portfolio . . . . . . 253,412 27.112311 6,870,585 1.24% 13.57% Fidelity VIP-II - Contrafund Portfolio. . . . . . . . 275,660 20.842351 5,745,402 1.45% 28.30% Fidelity VIP-III - Growth Opportunities Portfolio . . 64,568 13.447707 868,292 1.79% 23.01% Morgan Stanley - Emerging Markets Debt Portfolio . . . . . . . . . . 7,315 6.935753 50,735 1.22% (29.31)% Nationwide SAT - Capital Appreciation Fund. . . . . . 113,664 30.628674 3,481,378 1.68% 28.29% Nationwide SAT - Government Bond Fund . . . . . . . . 274,184 19.142839 5,248,660 1.34% 7.50% Nationwide SAT - Money Market Fund. . . . . . . . . . 814,530 13.470763 10,972,341 1.12% 3.90% Nationwide SAT - Small Cap Value Fund . . . . . . . . 28,961 8.529271 247,016 1.19%(***) (21.93)%(***) Nationwide SAT - Small Company Fund . . . . . . . . . 68,318 15.976308 1,091,469 1.16% (0.30)% Nationwide SAT - Total Return Fund. . . . . . . . . . 136,311 34.300994 4,675,603 1.29% 16.55% Neuberger & Berman AMT - Growth Portfolio . . . . . . 136,629 25.442656 3,476,205 1.34% 14.03% Neuberger & Berman AMT - Guardian Portfolio . . . . . 4,760 9.282948 44,187 1.47%(***) (10.69)%(***) Neuberger & Berman AMT - Limited Maturity Bond Portfolio . . . . . . . . . . 76,004 15.295923 1,162,551 0.79% 3.04% Neuberger & Berman AMT - Partners Portfolio . . . . . 176,971 23.001381 4,070,577 1.10% 2.86% Oppenheimer Bond Fund / VA. . . . . . . . . . . . . . 84,868 18.882225 1,602,497 1.25% 5.42% Oppenheimer Capital Appreciation Fund / VA. . . . . . 26,155 12.764150 333,846 1.87% 22.40% Oppenheimer Global Securities Fund / VA . . . . . . . 88,848 18.062180 1,604,789 1.17% 12.63% Oppenheimer Multiple Strategies Fund / VA . . . . . . 110,357 22.780548 2,513,993 1.08% 5.28% Strong Opportunity Fund II, Inc. . . . . . . . . . . 111,969 29.253391 3,275,473 1.22% 12.08% Strong VIF - Strong Discovery Fund II . . . . . . . . 58,970 18.780910 1,107,510 1.20% 5.87% Strong VIF - Strong International Stock Fund II . . . 35,834 8.939643 320,343 1.14% (6.01)% Van Eck WIT - Worldwide Bond Fund . . . . . . . . . . 56,294 16.129801 908,011 1.45% 11.30% Van Eck WIT - Worldwide Emerging Markets Fund . . . . . . . . . . 25,018 5.717162 143,032 0.79% (34.98)% Van Eck WIT - Worldwide Hard Assets Fund. . . . . . . 128,220 10.966233 1,406,090 0.95% (31.86)% Van Kampen American Capital - Morgan Stanley Real Estate Securities Portfolio. . . . . . . . . . 67,042 15.620311 1,047,217 0.93% (12.76)% Warburg Pincus Trust - Global Post-Venture Capital Portfolio . . . . . . . 23,108 11.954408 276,242 0.13% 5.13% Warburg Pincus Trust - International Equity Portfolio. . . . . . . . . . . 92,476 11.611647 1,073,799 1.05% 3.99% Warburg Pincus Trust - Small Company Growth Portfolio. . . . . . . . . . . 152,727 15.298780 2,336,537 1.14% (4.11)% Multiple Payment contracts and Flexible Premium contracts: American Century VP - Balanced. . . . . . . . . . . . 215,629 19.320541 4,166,069 0.84% 14.85% American Century VP - American Century VP Capital Appreciation. . . . . . 649,478 14.277913 9,273,190 0.63% (2.94)% American Century VP - American Century VP Income and Growth . . . . . . . 73,815 10.862660 801,827 1.26%(***) 12.87%(***) American Century VP - American Century VP International . . . . . . . . . 568,779 16.487231 9,377,591 0.94% 17.81% American Century VP - American Century VP Value . . . . . . . . . . . . . 140,522 13.192098 1,853,780 1.10% 3.98% The Dreyfus Socially Responsible Growth Fund, Inc. . . . . . . . . . . . . . . . . . 359,871 28.323603 10,192,843 0.83% 28.35%
60 60
Unit Contract Total Units Fair Value Owners' Equity Expenses(*) Return(**) ----- ---------- -------------- ----------- ---------- Dreyfus Stock Index Fund . . . . . . . . . . . . . . 2,166,290 28.091438 60,854,201 0.82% 27.19% Dreyfus VIF - Appreciation Portfolio . . . . . . . . 257,361 13.197284 3,396,466 0.89% 29.18% Dreyfus VIF - Growth and Income Portfolio. . . . . . 125,274 12.772496 1,600,062 1.04% 10.92% Fidelity VIP - Equity-Income Portfolio . . . . . . . 1,726,955 35.444796 61,211,568 0.76% 10.74% Fidelity VIP - Growth Portfolio. . . . . . . . . . . 2,346,630 40.998916 96,209,286 0.71% 38.38% Fidelity VIP - High Income Portfolio . . . . . . . . 737,225 26.133234 19,266,073 0.86% (5.09)% Fidelity VIP - Overseas Portfolio. . . . . . . . . . 871,214 18.969496 16,526,490 0.75% 11.85% Fidelity VIP-II - Asset Manager Portfolio. . . . . . 961,754 24.821550 23,872,225 0.69% 14.13% Fidelity VIP-II - Contrafund Portfolio . . . . . . . 1,826,890 21.209617 38,747,637 0.80% 28.94% Fidelity VIP-III - Growth Opportunities Portfolio. . 315,036 13.546531 4,267,645 1.02% 23.62% Morgan Stanley - Emerging Markets Debt Portfolio. . . . . . . . . . 34,905 6.986851 243,876 0.87% (28.95)% Nationwide SAT - Capital Appreciation Fund . . . . . 1,058,148 31.669989 33,511,536 0.82% 28.93% Nationwide SAT - Government Bond Fund. . . . . . . . 414,068 18.081576 7,487,002 0.79% 8.04% Nationwide SAT - Money Market Fund . . . . . . . . . 1,953,963 13.319323 26,025,464 0.84% 4.43% Nationwide SAT - Small Cap Value Fund. . . . . . . . 50,840 8.557853 435,081 0.79%(***) (21.50)%(***) Nationwide SAT - Small Company Fund. . . . . . . . . 879,309 16.233001 14,273,824 0.80% 0.02% Nationwide SAT - Total Return Fund . . . . . . . . . 2,650,483 33.070880 87,653,805 0.80% 17.13% Neuberger & Berman AMT - Growth Portfolio. . . . . . 767,489 25.347646 19,454,039 0.65% 14.61% Neuberger & Berman AMT - Guardian Portfolio. . . . . 71,761 9.314041 668,385 0.89%(***) (10.23)%(***) Neuberger & Berman AMT - Limited Maturity Bond Portfolio. . . . . . . . . . 195,748 14.860392 2,908,892 0.88% 3.56% Neuberger & Berman AMT - Partners Portfolio. . . . . 1,151,452 23.514569 27,075,898 0.84% 3.38% Oppenheimer Bond Fund / VA . . . . . . . . . . . . . 532,098 18.103341 9,632,752 0.89% 5.95% Oppenheimer Capital Appreciation Fund / VA . . . . . 342,717 12.857977 4,406,647 0.91% 23.01% Oppenheimer Global Securities Fund / VA. . . . . . . 980,014 18.542353 18,171,766 0.79% 13.20% Oppenheimer Multiple Strategies Fund / VA. . . . . . 460,679 22.696024 10,455,582 0.78% 5.80% Strong Opportunity Fund II, Inc. . . . . . . . . . . 874,006 30.245312 26,434,584 0.75% 12.64% Strong VIF - Strong Discovery Fund II. . . . . . . . 360,468 19.418031 6,999,579 0.67% 6.41% Strong VIF - Strong International Stock Fund II. . . 149,776 9.083353 1,360,468 0.81% (5.54)% Van Eck WIT - Worldwide Bond Fund. . . . . . . . . . 154,980 15.314274 2,373,406 0.75% 11.86% Van Eck WIT - Worldwide Emerging Markets Fund. . . . . . . . . . 253,188 5.775322 1,462,242 0.72% (34.66)% Van Eck WIT - Worldwide Hard Assets Fund . . . . . . 206,325 12.213208 2,519,890 0.64% (31.52)% Van Kampen American Capital - Morgan Stanley Real Estate Securities Portfolio . . . . . . . . . 287,075 15.895654 4,563,245 0.80% (12.33)% Warburg Pincus Trust - Global Post-Venture Capital Portfolio. . . . . . . 64,081 12.075838 773,832 0.43% 5.66% Warburg Pincus Trust - International Equity Portfolio . . . . . . . . . . 579,078 11.816371 6,842,600 0.84% 4.51% Warburg Pincus Trust - Small Company Growth Portfolio . . . . . . . . . . 731,702 15.568525 11,391,521 0.68% (3.63)% Modified Single Premium contracts and Last Survivor Flexible Premium Contracts: American Century VP - Balanced . . . . . . . . . . . 40,224 14.655512 589,503 0.00% 27.35% American Century VP - American Century VP Capital Appreciation . . . . . 56,709 8.631172 489,465 0.00% (24.66)%
(Continued) 61 61 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, Continued
Unit Contract Total Units Fair Value Owners' Equity Expenses(*) Return(**) ----- ---------- -------------- ----------- ---------- American Century VP - American Century VP Income and Growth .................. 49,568 10.920877 541,326 0.00% 13.73%(***) American Century VP - American Century VP International ...................... 109,633 15.178805 1,664,098 0.00% 37.59% American Century VP - American Century VP Value .............................. 39,670 13.407134 531,861 0.00% 30.78% The Dreyfus Socially Responsible Growth Fund, Inc........................................ 59,391 18.577940 1,103,362 0.00% 52.35% Dreyfus Stock Index Fund ................................ 451,985 19.535151 8,829,595 0.00% 59.21% Dreyfus VIF - Appreciation Portfolio .................... 32,649 13.352746 435,954 0.00% 30.22% Dreyfus VIF - Growth and Income Portfolio ............... 33,423 12.980656 433,852 0.00% 25.43% Fidelity VIP - Equity-Income Portfolio ................. 424,796 15.430209 6,554,691 0.00% 26.02% Fidelity VIP - Growth Portfolio ......................... 312,967 17.992701 5,631,122 0.00% 48.99% Fidelity VIP - High Income Portfolio .................... 328,441 12.192188 4,004,414 0.00% 5.76% Fidelity VIP - Overseas Portfolio ....................... 94,348 13.418281 1,265,988 0.00% 26.01% Fidelity VIP-II - Asset Manager Portfolio ............... 96,546 15.299714 1,477,126 0.00% 30.99% Fidelity VIP-II - Contrafund Portfolio .................. 294,323 18.152724 5,342,764 0.00% 47.21% Fidelity VIP-III - Growth Opportunities Portfolio ....... 54,891 13.706120 752,343 0.00% 24.61% Morgan Stanley - Emerging Markets Debt Portfolio ........................ 6,444 7.069376 45,555 0.00% (28.38)% Nationwide SAT - Capital Appreciation Fund .............. 207,778 20.293858 4,216,617 0.00% 62.64% Nationwide SAT - Government Bond Fund ................... 100,956 12.754801 1,287,674 0.00% 17.49% Nationwide SAT - Money Market Fund ...................... 904,630 11.456534 10,363,924 0.00% 10.65% Nationwide SAT - Small Cap Value Fund ................... 18,425 8.603810 158,525 0.00% (20.81)%(***) Nationwide SAT - Small Company Fund ..................... 170,740 12.475012 2,129,984 0.00% 1.71% Nationwide SAT - Total Return Fund ...................... 377,762 17.490359 6,607,193 0.00% 43.25% Neuberger & Berman AMT - Growth Portfolio ............... 95,390 14.709510 1,403,140 0.00% 20.17% Neuberger & Berman AMT - Guardian Portfolio ............. 15,552 9.364011 145,629 0.00% (9.48)%(***) Neuberger & Berman AMT - Limited Maturity Bond Portfolio ........................ 72,201 11.674617 842,919 0.00% 10.88% Neuberger & Berman AMT - Partners Portfolio ............. 241,826 15.696640 3,795,856 0.00% 25.42% Oppenheimer Bond Fund / VA .............................. 90,724 12.420731 1,126,858 0.00% 14.78% Oppenheimer Capital Appreciation Fund / VA .............. 98,891 13.009524 1,286,525 0.00% 24.00% Oppenheimer Global Securities Fund / VA ................. 89,467 15.133929 1,353,987 0.00% 32.36% Oppenheimer Multiple Strategies Fund / VA ............... 90,548 13.674340 1,238,184 0.00% 19.59% Strong Opportunity Fund II, Inc.......................... 85,559 15.336685 1,312,191 0.00% 23.54% Strong VIF - Strong Discovery Fund II ................... 20,724 11.809640 244,743 0.00% (2.62)% Strong VIF - Strong International Stock Fund II ......... 36,980 8.279751 306,185 0.00% (1.81)% Van Eck WIT - Worldwide Bond Fund ....................... 21,531 12.141253 261,413 0.00% 15.34% Van Eck WIT - Worldwide Emerging Markets Fund ........................ 41,962 5.869611 246,301 0.00% (43.65)% Van Eck WIT - Worldwide Hard Assets Fund ................ 21,804 6.825397 148,821 0.00% (35.35)% Van Kampen American Capital - Morgan Stanley Real Estate Securities Portfolio ....................... 58,853 14.679798 863,950 0.00% 17.79% Warburg Pincus Trust - Global Post-Venture Capital Portfolio .................. 4,122 12.272697 50,588 0.00% 16.40%
62 62
Unit Contract Total Units Fair Value Owners' Equity Expenses(*) Return(**) ----- ---------- -------------- ----------- ---------- Warburg Pincus Trust - International Equity Portfolio ........................ 132,142 10.230064 1,351,821 0.00% 8.86% Warburg Pincus Trust - Small Company Growth Portfolio ........................ 131,376 11.041376 1,450,572 0.00% (17.52)% ======== ========== ------------- $ 894,156,479 ============= The following is a summary for 1997: Single Premium contracts issued prior to April 16, 1990: American Century VP - American Century VP Capital Appreciation .............. 8,329 $ 23.049846 $ 191,982 0.20% (4.17)% Dreyfus Stock Index Fund ............................... 9,956 21.945853 218,493 0.89% 31.70% Fidelity VIP - Equity-Income Portfolio ................ 6,812 37.884780 258,071 0.73% 26.90% Fidelity VIP - Growth Portfolio ........................ 5,177 42.050483 217,695 1.06% 22.31% Fidelity VIP - High Income Portfolio ................... 3,493 28.548032 99,718 0.75% 16.55% Fidelity VIP - Overseas Portfolio ...................... 5,108 21.717871 110,935 0.54% 10.50% Fidelity VIP-II - Asset Manager Portfolio .............. 1,203 24.530415 29,510 1.62% 19.51% Fidelity VIP-II - Contrafund Portfolio ................. 3,331 16.387248 54,586 1.46% 22.97% Nationwide SAT - Capital Appreciation Fund ............. 2,373 24.356996 57,799 1.71% 33.22% Nationwide SAT - Government Bond Fund .................. 2,159 21.554629 46,536 0.50% 8.63% Nationwide SAT - Money Market Fund ..................... 9,301 15.508767 144,247 0.48% 4.26% Nationwide SAT - Small Company Fund .................... 124 16.146794 2,002 1.90% 16.24% Nationwide SAT - Total Return Fund ..................... 2,904 34.253930 99,473 1.67% 28.21% Neuberger & Berman AMT - Growth Portfolio .............. 5,113 31.739871 162,286 0.34% 27.79% Neuberger & Berman AMT - Limited Maturity Bond Portfolio ....................... 5,557 17.375997 96,558 0.66% 5.73% Neuberger & Berman AMT - Partners Portfolio ............ 2,379 22.629887 53,837 1.66% 30.01% Strong Opportunities Fund II, Inc....................... 456 26.626359 12,142 1.15% 24.27% Van Eck WIT - Worldwide Bond Fund ...................... 22 14.891060 328 1.50% 1.42% Van Eck WIT - Worldwide Hard Assets Fund ............... 5,526 14.622970 80,807 0.28% (2.61)% Van Kampen American Capital - Morgan Stanley Real Estate Securities Portfolio ...................... 4,138 18.062622 74,743 0.23% 20.33% Warburg Pincus Trust - International Equity Portfolio ........................ 1,792 11.264405 20,186 1.47% (3.18)% Warburg Pincus Trust - Small Company Growth Portfolio ........................ 134 16.093971 2,157 0.93% 14.56% Single Premium contracts issued on or after April 16, 1990: American Century VP - American Century VP Balanced .......................... 38,245 16.350628 625,330 1.01% 14.31% American Century VP - American Century VP Capital Appreciation .............. 129,674 15.434921 2,001,508 0.90% (4.51)% American Century VP - American Century VP International ..................... 109,065 13.757328 1,500,443 0.60% 17.10% American Century VP - American Century VP Value ............................. 36,293 12.622928 458,124 0.71% 24.45% The Dreyfus Socially Responsible Growth Fund, Inc. ..................................... 27,923 21.605205 603,282 2.15% 26.78%
(Continued) 63 63 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, Continued
Unit Contract Total Units Fair Value Owners' Equity Expenses(*) Return(**) ----- ---------- -------------- ----------- ---------- Dreyfus Stock Index Fund ............................ 252,267 21.622115 5,454,546 1.36% 31.24% Dreyfus VIF - Appreciation Portfolio ................ 8,365 10.192453 85,260 0.95%(***) 4.10%(***) Dreyfus VIF - Growth and Income Portfolio ........... 11,510 11.456116 131,860 1.71% 14.71% Fidelity VIP - Equity-Income Portfolio ............. 525,933 30.880183 16,240,907 0.72% 26.45% Fidelity VIP - Growth Portfolio ..................... 325,852 28.978553 9,442,719 1.22% 21.89% Fidelity VIP - High Income Portfolio ................ 160,493 29.267460 4,697,222 0.91% 16.15% Fidelity VIP - Overseas Portfolio ................... 310,985 15.587449 4,847,463 0.68% 10.11% Fidelity VIP-II - Asset Manager Portfolio ........... 293,986 23.873730 7,018,542 0.70% 19.09% Fidelity VIP-II - Contrafund Portfolio .............. 257,262 16.244815 4,179,174 1.06% 22.54% Fidelity VIP-III - Growth Opportunities Portfolio ... 31,619 10.932562 345,677 1.29%(***) 19.93%(***) Morgan Stanley - Emerging Markets Debt Portfolio ................... 5,443 9.810873 53,401 0.89%(***) (4.04)%(***) Nationwide SAT - Capital Appreciation Fund .......... 71,279 23.875030 1,701,788 1.91% 32.76% Nationwide SAT - Government Bond Fund ............... 255,535 17.806978 4,550,306 0.36% 8.25% Nationwide SAT - Money Market Fund .................. 1,051,590 12.964662 13,633,509 0.53% 3.89% Nationwide SAT - Small Company Fund ................. 79,580 16.023638 1,275,161 1.67% 15.83% Nationwide SAT - Total Return Fund .................. 149,445 29.430261 4,398,205 1.91% 27.76% Neuberger & Berman AMT - Growth Portfolio ........... 135,697 22.311330 3,027,581 0.94% 27.34% Neuberger & Berman AMT - Limited Maturity Bond Portfolio ................... 169,876 14.844266 2,521,685 0.46% 5.36% Neuberger & Berman AMT - Partners Portfolio ......... 233,445 22.361130 5,220,094 0.91% 29.56% Oppenheimer Bond Fund / VA .......................... 89,920 17.910876 1,610,546 0.82% 7.84% Oppenheimer Capital Appreciation Fund / VA .......... 10,788 10.428297 112,500 1.03%(***) 9.14%(***) Oppenheimer Global Securities Fund / VA ............. 113,733 16.036486 1,823,878 1.50% 20.84% Oppenheimer Multiple Strategies Fund / VA ........... 152,543 21.638756 3,300,841 0.65% 15.71% Strong Opportunity Fund II, Inc...................... 132,285 26.101254 3,452,804 1.07% 23.83% Strong VIF - Strong Discovery Fund II ............... 68,152 17.738866 1,208,939 0.97% 9.95% Strong VIF - Strong International Stock Fund II ..... 40,251 9.511045 382,829 0.75% (14.64)% Van Eck WIT - Worldwide Bond Fund ................... 45,566 14.492332 660,358 0.65% 1.07% Van Eck WIT - Worldwide Emerging Markets Fund ................... 35,382 8.793232 311,122 1.45% (12.75)% Van Eck WIT - Worldwide Hard Assets Fund ............ 142,782 16.093994 2,297,933 0.45% (2.95)% Van Kampen American Capital - Morgan Stanley Real Estate Securities Portfolio .................. 98,406 17.905659 1,762,024 0.70% 19.91% Warburg Pincus Trust - Global Post-Venture Capital Portfolio ............. 20,440 11.370593 232,415 0.62% 11.87% Warburg Pincus Trust - International Equity Portfolio .................... 134,117 11.166430 1,497,608 0.83% (3.52)% Warburg Pincus Trust - Small Company Growth Portfolio .................... 175,452 15.954033 2,799,167 1.02% 14.16% Multiple Payment contracts and Flexible Premium contracts: American Century VP - Balanced ...................... 162,980 16.822481 2,741,728 0.91% 14.88% American Century VP - American Century VP Capital Appreciation .......... 655,176 14.709822 9,637,522 0.89% (4.03)% American Century VP - American Century VP International ................. 333,719 13.994328 4,670,173 1.06% 17.69%
64 64
Unit Contract Total Units Fair Value Owners' Equity Expenses(*) Return(**) ----- ---------- -------------- ----------- ---------- American Century VP - American Century VP Value . . . . . . . . . . . . 81,237 12.687534 1,030,697 1.13% 25.08% The Dreyfus Socially Responsible Growth Fund, Inc. . . . . . . . . . . . . . . . . 275,028 22.067304 6,069,126 0.80% 27.41% Dreyfus Stock Index Fund . . . . . . . . . . . . . . 1,577,410 22.086039 34,838,739 0.85% 31.90% Dreyfus VIF - Appreciation Portfolio . . . . . . . . 33,449 10.216196 341,722 0.86%(***) 4.61%(***) Dreyfus VIF - Growth and Income Portfolio . . . . . 74,022 11.514756 852,345 0.96% 15.29% Fidelity VIP - Equity-Income Portfolio . . . . . . . 1,533,661 32.007773 49,089,073 0.98% 27.09% Fidelity VIP - Growth Portfolio . . . . . . . . . . 2,133,432 29.627929 63,209,172 0.82% 22.50% Fidelity VIP - High Income Portfolio . . . . . . . . 660,090 27.535006 18,175,582 0.94% 16.73% Fidelity VIP - Overseas Portfolio . . . . . . . . . 801,447 16.959418 13,592,075 0.97% 10.67% Fidelity VIP-II - Asset Manager Portfolio . . . . . 930,767 21.747656 20,242,001 0.96% 19.69% Fidelity VIP-II - Contrafund Portfolio . . . . . . . 1,351,683 16.448700 22,233,428 0.90% 23.15% Fidelity VIP-III - Growth Opportunities Portfolio. . 55,769 10.958018 611,118 1.23%(***) 20.46%(***) Morgan Stanley - Emerging Markets Debt Portfolio . . . . . . . . . 16,674 9.833749 163,968 1.04%(***) (3.55)%(***) Nationwide SAT - Capital Appreciation Fund . . . . . 755,171 24.563746 18,549,829 0.80% 33.42% Nationwide SAT - Government Bond Fund . . . . . . . 237,476 16.735906 3,974,376 1.52% 8.79% Nationwide SAT - Money Market Fund . . . . . . . . . 1,823,184 12.754301 23,253,438 1.33% 4.42% Nationwide SAT - Small Company Fund . . . . . . . . 690,077 16.199871 11,179,158 1.04% 16.41% Nationwide SAT - Total Return Fund . . . . . . . . . 2,342,232 28.233403 66,129,180 0.51% 28.40% Neuberger & Berman AMT - Growth Portfolio . . . . . 628,860 22.117203 13,908,624 0.88% 27.98% Neuberger & Berman AMT - Limited Maturity Bond Portfolio . . . . . . . . . 178,356 14.349688 2,559,353 1.42% 5.89% Neuberger & Berman AMT - Partners Portfolio . . . . 928,663 22.746051 21,123,416 0.93% 30.21% Oppenheimer Bond Fund / VA . . . . . . . . . . . . . 381,236 17.086434 6,513,964 0.95% 8.38% Oppenheimer Capital Appreciation Fund / VA . . . . . 40,779 10.452595 426,246 0.98%(***) 9.68%(***) Oppenheimer Global Securities Fund / VA . . . . . . 855,620 16.380762 14,015,708 0.80% 21.45% Oppenheimer Multiple Strategies Fund / VA . . . . . 387,094 21.450954 8,303,536 1.01% 16.29% Strong Opportunity Fund II, Inc. . . . . . . . . . . 791,884 26.851737 21,263,461 0.85% 24.46% Strong VIF - Strong Discovery Fund II . . . . . . . 337,867 18.249145 6,165,784 0.86% 10.50% Strong VIF - Strong International Stock Fund II. . . 140,532 9.615755 1,351,321 1.03% (14.21)% Van Eck WIT - Worldwide Bond Fund . . . . . . . . . 121,423 13.690999 1,662,402 1.03% 1.57% Van Eck WIT - Worldwide Emerging Markets Fund . . . . . . . . . 222,956 8.838307 1,970,554 0.83% (12.31)% Van Eck WIT - Worldwide Hard Assets Fund . . . . . . 212,577 17.834480 3,791,200 1.23% (2.46)% Van Kampen American Capital - Morgan Stanley Real Estate Securities Portfolio . . . . . . . . . 275,704 18.130321 4,998,602 1.08% 20.51% Warburg Pincus Trust - Global Post-Venture Capital Portfolio . . . . . . 44,199 11.428806 505,142 1.03% 12.43% Warburg Pincus Trust - International Equity Portfolio . . . . . . . . . . 651,598 11.306660 7,367,397 0.97% (3.04)% Warburg Pincus Trust - Small Company Growth Portfolio . . . . . . . . . . 712,489 16.154327 11,509,780 0.91% 14.73% Modified Single Premium contracts and Last Survivor Flexible Premium Contracts: American Century VP - Balanced . . . . . . . . . . . 27,206 12.659036 344,402 0.00% 5.28% American Century VP - American Century VP Capital Appreciation . . . . . 32,542 8.821378 287,065 0.00% 25.63%
(Continued) 65 65 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, Continued
Unit Contract Total Units Fair Value Owners' Equity Expenses(*) Return(**) ----- ---------- -------------- ----------- ---------- American Century VP - American Century VP International . . . . . . . . 32,515 12.781185 415,580 0.00% 2.40% American Century VP - American Century VP Value . . . . . . . . . . . . 17,691 12.791587 226,296 0.00% 1.05% The Dreyfus Socially Responsible Growth Fund, Inc. . . . . . . . . . . . . . . . . 37,804 14.359114 542,832 0.00% 9.07% Dreyfus Stock Index Fund . . . . . . . . . . . . . 228,273 15.236658 3,478,118 0.00% 7.07% Dreyfus VIF - Capital Appreciation Fund. . . . . . 450 10.254291 4,614 0.00% 5.43%(***) Dreyfus VIF - Growth and Income Portfolio. . . . . 18,834 11.609215 218,648 0.00% 3.59% Fidelity VIP - Equity-Income Portfolio . . . . . . 299,539 13.822981 4,140,522 0.00% 13.47% Fidelity VIP - Growth Portfolio . . . . . . . . . 162,254 12.898986 2,092,912 0.00% 15.61% Fidelity VIP - High Income Portfolio . . . . . . . 171,832 12.743794 2,189,792 0.00% 6.44% Fidelity VIP - Overseas Portfolio . . . . . . . . 45,600 11.900892 542,681 0.00% (0.18)% Fidelity VIP-II - Asset Manager Portfolio. . . . . 73,280 13.298253 974,496 0.00% 5.97% Fidelity VIP-II - Contrafund Portfolio . . . . . . 167,595 13.965921 2,340,619 0.00% 9.61% Fidelity VIP-III - Growth Opportunities Portfolio. 13,840 10.998857 152,224 0.00% 21.34%(***) Morgan Stanley - Emerging Markets Debt Portfolio . . . . . . . . . 3,497 9.870449 34,517 0.00% (2.78)%(***) Nationwide SAT - Capital Appreciation Fund . . . . 92,414 15.614947 1,443,040 0.00% 7.47% Nationwide SAT - Government Bond Fund. . . . . . . 38,575 11.711522 451,772 0.00% 1.65% Nationwide SAT - Money Market Fund . . . . . . . . 680,581 10.882768 7,406,605 0.00% 0.14% Nationwide SAT - Small Company Fund. . . . . . . . 99,062 12.350345 1,223,450 0.00% 16.54% Nationwide SAT - Total Return Fund . . . . . . . . 270,928 14.813042 4,013,268 0.00% 6.68% Neuberger & Berman AMT - Growth Portfolio . . . . 35,081 12.732630 446,673 0.00% 24.02% Neuberger & Berman AMT - Limited Maturity Bond Portfolio . . . . . . . . . 63,831 11.183579 713,859 0.00% 0.50% Neuberger & Berman AMT - Partners Portfolio . . . 154,752 15.062681 2,330,980 0.00% 9.05% Oppenheimer Bond Fund / VA . . . . . . . . . . . . 60,188 11.629634 699,964 0.00% 1.66% Oppenheimer Capital Appreciation Fund / VA . . . . 7,635 10.491590 80,103 0.00% 10.51%(***) Oppenheimer Global Securities Fund / VA . . . . . 53,741 13.263226 712,779 0.00% 5.54% Oppenheimer Multiple Strategies Fund / VA . . . . 58,544 12.821215 750,605 0.00% 4.54% Strong Opportunity Fund II, Inc. . . . . . . . . . 50,153 13.507426 677,438 0.00% 15.30% Strong VIF - Strong Discovery Fund II . . . . . . 15,515 11.010302 170,825 0.00% 22.69% Strong VIF - Strong International Stock Fund II. . 28,984 8.695226 252,022 0.00% (16.13)% Van Eck WIT - Worldwide Bond Fund . . . . . . . . 19,142 10.767851 206,118 0.00% 0.10% Van Eck WIT - Worldwide Emerging Markets Fund . . . . . . . . . 13,242 8.910909 117,998 0.00% 3.33% Van Eck WIT - Worldwide Hard Assets Fund . . . . . 14,793 9.887286 146,263 0.00% 4.99% Van Kampen American Capital - Morgan Stanley Real Estate Securities Portfolio . . . . . . . . 47,746 16.610019 793,062 0.00% (8.86)% Warburg Pincus Trust - Global Post-Venture Capital Portfolio . . . . . . 2,527 11.522579 29,118 0.00% 3.71% Warburg Pincus Trust - International Equity Portfolio . . . . . . . . . 112,574 9.710827 1,093,187 0.00% (5.41)% Warburg Pincus Trust - Small Company Growth Portfolio . . . . . . . . . 116,237 11.365509 1,321,093 0.00% 36.22% ========= =========== ------------- $ 658,587,322 =============
66 66
Unit Contract Total Units Fair Value Owners' Equity Expenses(*) Return(**) ----- ---------- -------------- ----------- ---------- The following is a summary for 1996: Single Premium contracts issued prior to April 16, 1990: American Century VP - American Century VP Capital Appreciation . . . . . . . . 8,408 $ 24.053649 $ 202,243 0.84% (5.23)% Fidelity VIP - Equity-Income Portfolio . . . . . . . . . 8,709 29.854628 260,004 0.64% 13.20% Fidelity VIP - Growth Portfolio . . . . . . . . . . . . . 5,280 34.379126 181,522 0.60% 13.62% Fidelity VIP - High Income Portfolio. . . . . . . . . . . 3,462 24.493313 84,796 0.81% 12.95% Fidelity VIP - Overseas Portfolio . . . . . . . . . . . . 5,297 19.654083 104,108 0.63% 12.14% Fidelity VIP-II - Asset Manager Portfolio . . . . . . . . 1,158 20.525705 23,769 0.93% 13.52% Nationwide SAT - Government Bond Fund . . . . . . . . . . 2,831 19.842234 56,173 0.82% 2.50% Nationwide SAT - Money Market Fund. . . . . . . . . . . . 28,405 14.875178 422,529 1.26% 4.11% Nationwide SAT - Total Return Fund. . . . . . . . . . . . 1,189 26.717684 31,767 0.32% 20.68% Neuberger & Berman AMT - Growth Portfolio . . . . . . . . 5,398 24.838185 134,077 0.81% 8.10% Neuberger & Berman AMT - Limited Maturity Bond Portfolio. . . . . . . . . . . . . 5,192 16.433880 85,325 1.09% 3.31% Oppenheimer Global Securities Fund / VA . . . . . . . . . 1,616 13.422186 21,690 0.79% 16.68% Strong Opportunities Fund II, Inc. . . . . . . . . . . . 406 21.426416 8,699 0.93% 17.03% Van Eck WIT - Worldwide Bond Fund . . . . . . . . . . . . 23 14.682655 338 0.89% 15.50% Van Eck WIT - Worldwide Hard Assets Fund. . . . . . . . . 4,593 15.014547 68,962 0.78% 1.55% Van Kampen American Capital - Morgan Stanley Real Estate Securities Portfolio . . . . . . . . . . . . 5,134 15.011508 77,069 0.67% 39.20% Warburg Pincus Trust - International Equity Portfolio . . . . . . . . . . . . . 1,802 11.634515 20,965 1.14% 8.94% Single Premium contracts issued on or after April 16, 1990: American Century VP - American Century VP Balanced . . . . . . . . . . . . . . 38,880 14.303509 556,120 0.79% 10.75% American Century VP - American Century VP Capital Appreciation . . . . . . . . 187,431 16.163625 3,029,564 0.76% (5.56)% American Century VP - American Century VP International. . . . . . . . . . . . 140,670 11.748051 1,652,598 0.98% 12.92% The Dreyfus Socially Responsible Growth Fund, Inc. . . . . . . . . . . . . . . . . . . . 16,672 17.041821 284,121 0.86% 19.66% Dreyfus Stock Index Fund. . . . . . . . . . . . . . . . . 166,883 16.474993 2,749,396 0.95% 20.95% Fidelity VIP - Equity-Income Portfolio. . . . . . . . . . 556,249 24.419978 13,583,588 0.85% 12.80% Fidelity VIP - Growth Portfolio . . . . . . . . . . . . . 436,608 23.774932 10,380,326 0.80% 13.22% Fidelity VIP - High Income Portfolio. . . . . . . . . . . 160,710 25.198564 4,049,661 0.90% 12.55% Fidelity VIP - Overseas Portfolio . . . . . . . . . . . . 349,868 14.155666 4,952,615 0.90% 11.75% Fidelity VIP-II - Asset Manager Portfolio . . . . . . . . 328,224 20.046209 6,579,647 0.87% 13.12% Fidelity VIP-II - Contrafund Portfolio. . . . . . . . . . 253,591 13.256842 3,361,816 0.94% 19.73% Nationwide SAT - Capital Appreciation Fund. . . . . . . . 69,468 17.984058 1,249,317 1.06% 24.50% Nationwide SAT - Government Bond Fund . . . . . . . . . . 215,649 16.449774 3,547,377 0.83% 2.14% Nationwide SAT - Money Market Fund. . . . . . . . . . . . 1,264,987 12.479104 15,785,904 0.87% 3.74% Nationwide SAT - Small Company Fund . . . . . . . . . . . 84,265 13.833221 1,165,656 0.98% 21.23% Nationwide SAT - Total Return Fund. . . . . . . . . . . . 145,392 23.035683 3,349,204 0.33% 20.26% Neuberger & Berman AMT - Growth Portfolio . . . . . . . . 171,390 17.521012 3,002,926 0.84% 7.72%
(Continued) 67 67 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, Continued
Unit Contract Total Units Fair Value Owners' Equity Expenses(*) Return(**) ----- ---------- -------------- ----------- ---------- Neuberger & Berman AMT - Limited Maturity Bond Portfolio . . . . . . . . 72,295 14.088625 1,018,537 0.97% 2.95% Neuberger & Berman AMT - Partners Portfolio . . . 166,759 17.259712 2,878,212 0.93% 27.89% Oppenheimer Bond Fund / VA. . . . . . . . . . . . 107,202 16.608318 1,780,445 0.86% 3.44% Oppenheimer Global Securities Fund / VA . . . . . 112,397 13.270426 1,491,556 0.83% 16.27% Oppenheimer Multiple Strategies Fund / VA . . . . 137,052 18.701076 2,563,020 0.85% 14.00% Strong Opportunity Fund II, Inc. . . . . . . . . 145,314 21.077454 3,062,849 0.79% 16.62% Strong VIF - Strong Discovery Fund II . . . . . . 96,856 16.133543 1,562,630 0.72% (0.50)% Strong VIF - Strong International Stock Fund II . 51,959 11.141803 578,917 0.97% 8.95% Van Eck WIT - Worldwide Bond Fund . . . . . . . . 51,233 14.339608 734,661 0.85% 1.19% Van Eck WIT - Worldwide Hard Assets Fund. . . . . 179,378 16.582948 2,974,616 0.93% 16.53% Van Kampen American Capital - Morgan Stanley Real Estate Securities Portfolio. . . . . . . . 77,060 14.933196 1,150,752 0.95% 38.71% Warburg Pincus Trust - International Equity Portfolio. . . . . . . . . 229,373 11.573771 2,654,711 0.89% 8.56% Warburg Pincus Trust - Small Company Growth Portfolio. . . . . . . . . 101,386 13.975650 1,416,935 0.77% 12.43% Multiple Payment contracts and Flexible Premium contracts: American Century VP - Balanced. . . . . . . . . . 137,856 14.642920 2,018,614 0.99% 11.31% American Century VP - American Century VP Capital Appreciation. . . . 564,722 15.327392 8,655,715 1.01% (5.09)% American Century VP - American Century VP International . . . . . . . 145,930 11.890858 1,735,233 0.89% 13.49% American Century VP - American Century VP Value . . . . . . . . . . . 900 10.143687 9,129 0.92%(***) 58.44%(***) The Dreyfus Socially Responsible Growth Fund, Inc. . . . . . . . . . . . . . . . 149,312 17.319589 2,586,022 0.95% 20.26% Dreyfus Stock Index Fund. . . . . . . . . . . . . 743,163 16.744674 12,444,022 0.93% 21.56% Fidelity VIP - Equity-Income Portfolio . . . . . 1,203,661 25.185570 30,314,888 0.98% 13.37% Fidelity VIP - Growth Portfolio . . . . . . . . . 1,774,112 24.186560 42,909,666 0.97% 13.79% Fidelity VIP - High Income Portfolio. . . . . . . 519,177 23.588786 12,246,755 0.96% 13.12% Fidelity VIP - Overseas Portfolio . . . . . . . . 723,688 15.324813 11,090,383 0.94% 12.31% Fidelity VIP-II - Asset Manager Portfolio . . . . 858,375 18.169993 15,596,668 0.95% 13.69% Fidelity VIP-II - Contrafund Portfolio. . . . . . 741,153 13.356323 9,899,079 0.95% 20.34% Nationwide SAT - Capital Appreciation Fund. . . . 373,658 18.410667 6,879,293 0.91% 25.13% Nationwide SAT - Government Bond Fund . . . . . . 196,023 15.383251 3,015,471 1.07% 2.66% Nationwide SAT - Money Market Fund. . . . . . . . 1,548,800 12.214743 18,918,194 1.07% 4.27% Nationwide SAT - Small Company Fund . . . . . . . 325,390 13.915643 4,528,011 1.06% 21.85% Nationwide SAT - Total Return Fund. . . . . . . . 1,740,045 21.988773 38,261,455 0.39% 20.87% Neuberger & Berman AMT - Growth Portfolio . . . . 542,729 17.282005 9,379,445 0.97% 8.27% Neuberger & Berman AMT - Limited Maturity Bond Portfolio . . . . . . . . 117,219 13.551318 1,588,472 0.91% 3.47% Neuberger & Berman AMT - Partners Portfolio . . . 434,744 17.469360 7,594,699 0.94% 28.53% Oppenheimer Bond Fund / VA. . . . . . . . . . . . 260,488 15.764821 4,106,547 0.97% 3.96% Oppenheimer Global Securities Fund / VA . . . . . 616,399 13.487753 8,313,837 0.95% 16.86% Oppenheimer Multiple Strategies Fund / VA . . . . 287,199 18.446363 5,297,777 0.97% 14.57%
68 68
Unit Contract Total Units Fair Value Owners' Equity Expenses(*) Return(**) ----- ---------- -------------- ----------- ---------- Strong Opportunity Fund II, Inc. . . . . . . . . . 649,651 21.575419 14,016,493 0.96% 17.20% Strong VIF - Strong Discovery Fund II . . . . . . . 305,653 16.514861 5,047,817 1.03% 0.00% Strong VIF - Strong International Stock Fund II . . 103,783 11.208230 1,163,224 0.96% 9.50% Van Eck WIT - Worldwide Bond Fund . . . . . . . . . 110,868 13.479157 1,494,407 0.97% 1.70% Van Eck WIT - Worldwide Emerging Markets Fund . . . . . . . . . 319 10.078948 3,215 0.93%(***) 32.06%(***) Van Eck WIT - Worldwide Hard Assets Fund. . . . . . 174,641 18.284590 3,193,239 0.93% 17.12% Van Kampen American Capital - Morgan Stanley Real Estate Securities Portfolio. . . . . . . . . 120,572 15.045195 1,814,029 0.99% 39.41% Warburg Pincus Trust - International Equity Portfolio. . . . . . . . . . 469,367 11.660648 5,473,123 0.97% 9.10% Warburg Pincus Trust - Small Company Growth Portfolio. . . . . . . . . . 402,279 14.080553 5,664,311 1.00% 13.00% Modified Single Premium contracts and Last Survivor Flexible Premium Contracts: American Century VP - Balanced. . . . . . . . . . . 6,725 10.931147 73,512 0.00% 13.88%(***) American Century VP - American Century VP Capital Appreciation. . . . . 9,987 9.118427 91,066 0.00% (13.15)%(***) American Century VP - American Century VP International . . . . . . . . 4,661 10.773558 50,216 0.00% 11.54%(***) The Dreyfus Socially Responsible Growth Fund, Inc. . . . . . . . . . . . . . . . . 7,118 11.180091 79,580 0.00% 17.59%(***) Dreyfus Stock Index Fund. . . . . . . . . . . . . . 25,438 11.459856 291,516 0.00% 21.77%(***) Fidelity VIP - Equity-Income Portfolio . . . . . . 61,195 10.790149 660,303 0.00% 11.78%(***) Fidelity VIP - Growth Portfolio . . . . . . . . . . 40,595 10.446167 424,062 0.00% 6.65%(***) Fidelity VIP - High Income Portfolio. . . . . . . . 62,142 10.830462 673,027 0.00% 12.37%(***) Fidelity VIP - Overseas Portfolio . . . . . . . . . 5,158 10.668178 55,026 0.00% 9.96%(***) Fidelity VIP-II - Asset Manager Portfolio . . . . . 10,453 11.022140 115,214 0.00% 15.24%(***) Fidelity VIP-II - Contrafund Portfolio. . . . . . . 35,353 11.249999 397,721 0.00% 18.64%(***) Nationwide SAT - Capital Appreciation Fund. . . . . 8,542 11.610340 99,176 0.00% 24.00%(***) Nationwide SAT - Government Bond Fund . . . . . . . 5,711 10.679205 60,989 0.00% 10.12%(***) Nationwide SAT - Money Market Fund. . . . . . . . . 304,482 10.339005 3,148,041 0.00% 5.03%(***) Nationwide SAT - Small Company Fund . . . . . . . . 20,576 10.524418 216,550 0.00% 7.81%(***) Nationwide SAT - Total Return Fund. . . . . . . . . 64,330 11.444877 736,249 0.00% 21.54%(***) Neuberger & Berman AMT - Growth Portfolio . . . . . 21,053 9.869834 207,790 0.00% (1.94)%(***) Neuberger & Berman AMT - Limited Maturity Bond Portfolio . . . . . . . . . 7,552 10.477247 79,124 0.00% 7.11%(***) Neuberger & Berman AMT - Partners Portfolio . . . . 15,462 11.476324 177,447 0.00% 22.00%(***) Oppenheimer Bond Fund/VA. . . . . . . . . . . . . . 7,727 10.644626 82,251 0.00% 9.62%(***) Oppenheimer Global Securities Fund/VA . . . . . . . 8,064 10.833847 87,364 0.00% 12.43%(***) Oppenheimer Multiple Strategies Fund/VA . . . . . . 9,746 10.937578 106,598 0.00% 13.98%(***) Strong Opportunity Fund II, Inc. . . . . . . . . . 9,106 10.766829 98,043 0.00% 11.43%(***) Strong VIF - Strong Discovery Fund II . . . . . . . 14,115 9.884557 139,521 0.00% (1.71)%(***) Strong VIF - Strong International Stock Fund II . . 8,692 10.054422 87,393 0.00% 0.81%(***) Van Eck WIT - Worldwide Bond Fund . . . . . . . . . 2,209 10.516764 23,232 0.00% 7.71%(***) Van Eck WIT - Worldwide Hard Assets Fund. . . . . . 7,974 10.056004 80,187 0.00% 0.83%(***) Van Kampen American Capital - Morgan Stanley Real Estate Securities Portfolio. . . . . . . . . 11,112 13.673840 151,944 0.00% 54.77%(***)
(Continued) 69 69 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, Continued
Unit Contract Total Units Fair Value Owners' Equity Expenses(*) Return(**) ----- ---------- -------------- ----------- ---------- Warburg Pincus Trust - International Equity Portfolio . . . . . 24,290 9.935018 241,322 0.00% (0.97)%(***) Warburg Pincus Trust - Small Company Growth Portfolio . . . . . 24,804 9.827590 243,764 0.00% (2.56)%(***) ======= ========= ------------- $409,169,174 =============
(*)This represents expenses as a percentage of the 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 annual total return for the one-year 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. (***)Annualized as this investment option was not utilized for the entire period indicated. 70 70 Independent Auditors'Report --------------------------- The Board of Directors of Nationwide Life Insurance Company and Contract Owners of Nationwide VLI Separate Account-2: We have audited the accompanying statement of assets, liabilities and contract owners' equity of Nationwide VLI Separate Account-2 (comprised of the sub-accounts listed in note 1(b)) (collectively, "the Account") as of December 31, 2000, and the related statements of operations and changes in contract owners' equity for each of the years in the three year period then ended, and the financial highlights for each of the years in the five year period then ended. These financial statements and financial highlights are the responsi- bility of the Account's management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of December 31, 2000, by correspondence with the transfer agents of the underlying mutual funds. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of the Account as of December 31, 2000, the results of its operations and its changes in contract owners' equity for each of the years in the three year period then ended, and the financial highlights for each of the years in the five year period then ended, in conformity with accounting principles generally accepted in the United States of America. KPMG LLP Columbus, Ohio February 16, 2001 71 71 NATIONWIDE LIFE INSURANCE COMPANY HOME OFFICE: ONE NATIONWIDE PLAZA - COLUMBUS, OHIO 43215-2220 Bulk Rate U.S. Postage PAID Columbus, Ohio Permit No. 521 Nationwide (R) is a registered federal service mark of Nationwide Mutual Insurance Company -----END PRIVACY-ENHANCED MESSAGE-----