Nationwide Variable Insurance Trust has made a significant update to its summary prospectus, effective immediately. The filing, dated October 29, 2026, indicates that all references to Keith P. Robinette, CFA, have been removed. This change is crucial as it may affect investor perception and management dynamics within the trust.

Background

Nationwide Variable Insurance Trust, incorporated in Delaware, operates as an investment entity. The trust has undergone several name changes in the past, including its former names of Gartmore Variable Insurance Trust and Nationwide Separate Account Trust. The trust is known for its various open-end management investment products.

What the Filing Says

The filing states, "Effective immediately, all references to, and information regarding, Keith P. Robinette, CFA in the Summary Prospectus are deleted in their entirety." This removal suggests a strategic shift in the trust's management or investment strategy.

Impact

This update may affect investors who have previously relied on the insights and management style of Robinette. Additionally, it could influence the trust's relationship with its investors and stakeholders, as changes in key personnel can lead to shifts in investor confidence and trust.

What's Next

The filing does not say what happens next.

Company Information

Nationwide Variable Insurance Trust is incorporated in Delaware and has a fiscal year ending on December 31. The trust operates from its business address at One Nationwide Plaza, Columbus, Ohio, with a contact phone number of 614-435-5749.

Historical Context

The trust has undergone several name changes, previously known as Gartmore Variable Insurance Trust and Nationwide Separate Account Trust, with the most recent name change occurring on January 25, 2002. The trust also had a former name, Nationwide Separate Account Money Market Trust, which was changed on February 26, 1986.

Investment Products

Nationwide Variable Insurance Trust is known for offering various open-end management investment products. One of its existing series is the NVIT Investor Destinations Moderately Conservative Fund, which includes Class II and Class P contracts.

Omitted Information

The filing does not provide details about the reasons for the removal of Keith P. Robinette or any plans for his replacement. Additionally, there is no information regarding the trust's future management strategy or potential impacts on its investment products following this change.