485BPOS 1 d81315d485bpos.htm AAG NY 2 (333-177731) AAG NY 2 (333-177731)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-4
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 File No. 333-177731
Pre-Effective Amendment No. □
Post-Effective Amendment No. 31 ☑
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 File No. 811-03330
Amendment No. 904 ☑
(Check appropriate box or boxes.)
Nationwide Variable Account-II
(Exact Name of Registrant)
Nationwide Life Insurance Company
(Name of Depositor)
One Nationwide Plaza, Columbus, Ohio 43215
(Address of Depositor's Principal Executive Offices) (Zip Code)
(614) 249-7111
Depositor's Telephone Number, including Area Code
Denise L. Skingle, Senior Vice President and Secretary
One Nationwide Plaza, Columbus, Ohio 43215
(Name and Address of Agent for Service)
May 1, 2021
Approximate Date of Proposed Public Offering
It is proposed that this filing will become effective (check appropriate box)
□ immediately upon filing pursuant to paragraph (b)
☑ on May 1, 2021 pursuant to paragraph (b)
□ 60 days after filing pursuant to paragraph (a)(1)
□ on (date) pursuant to paragraph (a)(1)
If appropriate, check the following box:
□ this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

 

Nationwide DestinationSM All American Gold New York 2.0
Individual Flexible Premium Deferred Variable Annuity Contracts
Issued by
Nationwide Life Insurance Company
through its
Nationwide Variable Account-II
The date of this prospectus is May 1, 2021.
The contracts described in this prospectus are only available in the state of New York.
This prospectus contains basic information about the contracts that should be understood before investing. Read this prospectus carefully and keep it for future reference.
Variable annuities are complex investment products with unique benefits and advantages that may be particularly useful in meeting long-term savings and retirement needs. There are costs and charges associated with these benefits and advantages - costs and charges that are different, or do not exist at all, within other investment products. With help from financial professionals, investors are encouraged to compare and contrast the costs and benefits of the variable annuity described in this prospectus against those of other investment products, especially other variable annuity and variable life insurance products offered by Nationwide and its affiliates. Nationwide offers a wide array of such products, many with different charges, benefit features, and investment options. This process of comparison and analysis should aid in determining whether the purchase of the contract described in this prospectus is consistent with the purchaser’s investment objectives, risk tolerance, investment time horizon, marital status, tax situation, and other personal characteristics and needs.
The Statement of Additional Information (dated May 1, 2021), which contains additional information about the contracts and the Variable Account, has been filed with the SEC and is incorporated herein by reference. The table of contents for the Statement of Additional Information is on page 102. To obtain free copies of the Statement of Additional Information or to make any other service requests, contact Nationwide by one of the methods described in Contacting the Service Center.
The SEC maintains a website (www.sec.gov) that contains the prospectus, the Statement of Additional Information, material incorporated by reference, and other information.
Variable annuities are not insured by the Federal Deposit Insurance Corporation or any other federal government agency, and are not deposits of, guaranteed by, or insured by the depository institution where offered or any of its affiliates. Variable annuity contracts involve investment risk and may lose value. These securities have not been approved or disapproved by the SEC, nor has the SEC passed upon the accuracy or adequacy of the prospectus. Any representation to the contrary is a criminal offense.
This contract contains features that apply credits to the Contract Value. The benefit of the credits may be more than offset by the additional fees that the Contract Owner will pay in connection with the credits. A contract without credits may cost less.
The Sub-Accounts offered through this contract invest in the underlying mutual funds listed below. For a complete list of underlying mutual funds, including underlying mutual funds available prior to the date of this prospectus, refer to Appendix A: Underlying Mutual Fund Information. For more information on the underlying mutual funds, refer to the prospectus for the underlying mutual fund. To obtain free copies of prospectuses for the underlying mutual funds, Contract Owners can contact Nationwide using any of the methods described in Contacting the Service Center.
• AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class B
• AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B
• AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class B
• American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II
• American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class II
• American Century Variable Portfolios, Inc. - American Century VP Value Fund: Class II
• American Funds Insurance Series® - Managed Risk Asset Allocation Fund: Class P2
1

 

• BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III
• BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III
• BlackRock Variable Series Funds, Inc. - BlackRock Equity Dividend V.I. Fund: Class III
• BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III
• BNY Mellon Investment Portfolios - MidCap Stock Portfolio: Service Shares
• BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares
• BNY Mellon Stock Index Fund, Inc.: Service Shares
• BNY Mellon Variable Investment Fund - Appreciation Portfolio: Service Shares
• Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - High Yield Bond Fund: Class 2
• Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class
• Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class
• Fidelity Variable Insurance Products - Emerging Markets Portfolio: Service Class 2
• Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2
• Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class 2
• Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class 2
• Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2
• Fidelity Variable Insurance Products Fund - VIP Contrafund® Portfolio: Service Class 2
• Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2
• Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2
• Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2
• Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2
• Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2
• Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2
• Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class 2
• Fidelity Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class 2
• Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2
• Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2
• Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2
• Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2
• Goldman Sachs Variable Insurance Trust - Goldman Sachs Global Trends Allocation Fund: Service Shares
• Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares
• Guggenheim Variable Fund - Multi-Hedge Strategies
• Invesco - Invesco V.I. Global Fund: Series II
• Invesco - Invesco V.I. Main Street Fund: Series II
• Invesco - Invesco V.I. Main Street Mid Cap Fund: Series II Shares
• Invesco - Invesco V.I. Main Street Small Cap Fund: Series II
• Invesco Oppenheimer V.I. International Growth Fund: Series II
• Ivy Variable Insurance Portfolios - Asset Strategy: Class II
• Ivy Variable Insurance Portfolios - High Income: Class II
• Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II
• Janus Aspen Series - Janus Henderson Balanced Portfolio: Service Shares
• Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares
• Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares
• Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares
• Janus Aspen Series - Janus Henderson Overseas Portfolio: Service Shares
• JPMorgan Insurance Trust - JPMorgan Insurance Trust Core Bond Portfolio: Class 2
• Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares
• Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC
• MFS® Variable Insurance Trust - MFS New Discovery Series: Service Class
• MFS® Variable Insurance Trust - MFS Value Series: Service Class
• MFS® Variable Insurance Trust II - MFS International Growth Portfolio: Service Class
• MFS® Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Service Class
• MFS® Variable Insurance Trust II - MFS Research International Portfolio: Service Class
• MFS® Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Service Class
• Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II
• Morgan Stanley Variable Insurance Fund, Inc. - Growth Portfolio: Class II
• Mutual Fund and Variable Insurance Trust - Rational Insider Buying VA Fund
• Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT American Funds Asset Allocation Fund: Class II
• Nationwide Variable Insurance Trust - NVIT American Funds Bond Fund: Class II
• Nationwide Variable Insurance Trust - NVIT American Funds Global Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT American Funds Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT American Funds Growth-Income Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Amundi Multi Sector Bond Fund: Class I
• Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class II
• Nationwide Variable Insurance Trust - NVIT BlackRock Equity Dividend Fund: Class II
• Nationwide Variable Insurance Trust - NVIT BlackRock Managed Global Allocation Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class II
2

 

• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class I
• Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class Z
• Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class II
• Nationwide Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Federated High Income Bond Fund: Class I
• Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I
• Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I
• Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II
• Nationwide Variable Insurance Trust - NVIT International Index Fund: Class VIII
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II
• Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II
• Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund: Class II
• Nationwide Variable Insurance Trust - NVIT J.P. Morgan U.S. Equity Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Managed American Funds Growth-Income Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class II
• Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class Z
• Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I
• Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Neuberger Berman Multi Cap Opportunities Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class II
• Nationwide Variable Insurance Trust - NVIT S&P 500® Index Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class II
• Northern Lights Variable Trust - TOPS® Managed Risk Balanced ETF Portfolio: Class 4
• Northern Lights Variable Trust - TOPS® Managed Risk Growth ETF Portfolio: Class 4
• Northern Lights Variable Trust - TOPS® Managed Risk Moderate Growth ETF Portfolio: Class 4
• PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor Class
• PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Advisor Class
• PIMCO Variable Insurance Trust - International Bond Portfolio (Unhedged): Advisor Class
• PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class
• PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class
• PIMCO Variable Insurance Trust - Total Return Portfolio: Advisor Class
• Putnam Variable Trust - Putnam VT International Equity Fund: Class IB
• Putnam Variable Trust - Putnam VT International Value Fund: Class IB
• Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IB
• T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II
• VanEck VIP Trust - Global Resources Fund: Class S
• Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class A
• Wells Fargo Variable Trust - VT Small Cap Growth Fund: Class 2
Purchase payments not allocated to the underlying mutual funds may be allocated to the Fixed Account.
3

 

Glossary of Special Terms
Accumulation Unit – An accounting unit of measure used to calculate the Contract Value allocated to the Variable Account before the Annuitization Date.
Adjusted Roll-up Income Benefit Base – The Original Income Benefit Base after it has been reduced proportionally as a result of a Non-Lifetime Withdrawal.
Annuitant – The person(s) whose length of life determines how long annuity payments are paid.
Annuitization Date – The date on which annuity payments begin.
Annuity Commencement Date – The date on which annuity payments are scheduled to begin.
Annuity Unit – An accounting unit of measure used to calculate the value of variable annuity payments.
Attained Age – For purposes of the Nationwide Lifetime Income Capture option, the Contract Owner’s age on each Option Anniversary. If the Joint Option for the Nationwide Lifetime Income Capture option is elected, the age of the younger of the determining life and joint determining life on each Option Anniversary.
Attained Age Lifetime Withdrawal Percentage – For purposes of the Nationwide Lifetime Income Capture option, a percentage based on the Attained Age of the determining life, or if the Joint Option for the Nationwide Lifetime Income Capture option is elected, based on the Attained Age of the younger of the determining life and joint determining life.
Charitable Remainder Trust – A trust meeting the requirements of Section 664 of the Internal Revenue Code.
Co-Annuitant – The person designated by the Contract Owner to receive the benefit associated with the Spousal Protection Feature.
Contingent Annuitant – The individual who becomes the Annuitant if the Annuitant dies before the Annuitization Date.
Contract Anniversary – Each recurring one-year anniversary of the date the contract was issued.
Contract Owner(s) – The person(s) who owns all rights under the contract.
Contract Value – The value of all Accumulation Units in a contract plus any amount held in the Fixed Account and the collateral fixed account.
Contract Year – Each year the contract is in force beginning with the date the contract is issued.
Current Income Benefit Base – For purposes of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, Nationwide Lifetime Income Rider Plus Max, 7% Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture option, and Nationwide Lifetime Income Track option, it is equal to the Original Income Benefit Base adjusted throughout the life of the contract to account for subsequent purchase payments, excess withdrawals, early withdrawals (if applicable), reset opportunities, and if elected, the Non-Lifetime Withdrawal. This amount is multiplied by the Lifetime Withdrawal Percentage to arrive at the Lifetime Withdrawal Amount.
Daily Net Assets – A figure that is calculated at the end of each Valuation Date and represents the sum of all the Contract Owners' interests in the Sub-Accounts after the deduction of underlying mutual fund expenses.
Fixed Account – An investment option that is funded by Nationwide's General Account. Amounts allocated to the Fixed Account will receive periodic interest subject to a guaranteed minimum crediting rate.
General Account – All assets of Nationwide other than those of the Variable Account or in other separate accounts of Nationwide.
Individual Retirement Account – An account that qualifies for favorable tax treatment under Section 408(a) of the Internal Revenue Code, but does not include Roth IRAs.
Individual Retirement Annuity or IRA – An annuity contract that qualifies for favorable tax treatment under Section 408(b) of the Internal Revenue Code, but does not include Roth IRAs or Simple IRAs.
4

 

Investment-Only Contract – A contract purchased by a qualified pension, profit-sharing, or stock bonus plan as defined by Section 401(a) of the Internal Revenue Code.
Lifetime Withdrawal – For purposes of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, Nationwide Lifetime Income Rider Plus Max, 7% Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture option, and Nationwide Lifetime Income Track option, it is a withdrawal of all or a portion of the Lifetime Withdrawal Amount.
Lifetime Withdrawal Amount – For purposes of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max, the maximum amount that can be withdrawn during a calendar year without reducing the Current Income Benefit Base. It is calculated annually, on each January 1, by multiplying the Current Income Benefit Base by the applicable Lifetime Withdrawal Percentage. For purposes of the 7% Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture option, or Nationwide Lifetime Income Track option, the maximum amount that can be withdrawn between Contract/Option Anniversaries (and after the Withdrawal Start Date for the Nationwide Lifetime Income Track option) without reducing the Current Income Benefit Base. It is calculated annually, on each Contract/Option Anniversary, by multiplying the Current Income Benefit Base by the Lifetime Withdrawal Percentage.
Lifetime Withdrawal Percentage – An age-based percentage used to determine the Lifetime Withdrawal Amount under the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, Nationwide Lifetime Income Rider Plus Max, 7% Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture option, and Nationwide Lifetime Income Track option. The applicable percentage is multiplied by the Current Income Benefit Base to arrive at the Lifetime Withdrawal Amount for any given year. The Rate Sheet Supplement discloses the Lifetime Withdrawal Percentages that are currently available for new contracts.
Monthly Option Anniversary – For purposes of the Nationwide Lifetime Income Capture option, each recurring one-month anniversary of the date the option was elected.
Nationwide – Nationwide Life Insurance Company.
Net Asset Value – The value of one share of an underlying mutual fund at the close of regular trading on the New York Stock Exchange.
Non-Lifetime Withdrawal – For purposes of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, Nationwide Lifetime Income Rider Plus Max, 7% Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture option, and Nationwide Lifetime Income Track option, a one-time only election to take a withdrawal from the contract that will not initiate the benefit under the option.
Non-Qualified Contract – A contract which does not qualify for favorable tax treatment as a Qualified Plan, IRA, Roth IRA, SEP IRA, Simple IRA, or Tax Sheltered Annuity.
Option Anniversary – For purposes of the Nationwide Lifetime Income Capture option and Nationwide Lifetime Income Track option, each recurring one-year anniversary of the date the option was elected.
Option Year – For purposes of the Nationwide Lifetime Income Capture option, each year the option is in force beginning with the date the option is elected.
Original Income Benefit Base – For purposes of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, Nationwide Lifetime Income Rider Plus Max, 7% Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture option, and Nationwide Lifetime Income Track option, the initial benefit base calculated on the date the option is elected, which is equal to the Contract Value.
Purchase Payment Credits or PPCs – Additional credits that Nationwide will apply to a contract when cumulative purchase payments reach certain aggregate levels.
Qualified Plan – A retirement plan that receives favorable tax treatment under Section 401 of the Internal Revenue Code, including Investment-Only Contracts. In this prospectus, all provisions applicable to Qualified Plans also apply to Investment-Only Contracts unless specifically stated otherwise.
5

 

Rate Sheet Supplement – Supplements to the prospectus that we file periodically with the SEC to provide for and modify certain rates that are associated with various optional benefits available under the contract. The Rate Sheet Supplements disclose the Roll-up Interest Rates, Roll-up Crediting Periods, Lifetime Withdrawal Percentages, and Interest Anniversary Rate that are currently available for new contracts.
Roll-up Crediting Period – For purposes of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max, beginning with the date the contract is issued, the Roll-up Crediting Period is the maximum period of time that the Roll-up Interest Rate will apply for. The Rate Sheet Supplement discloses the Roll-up Crediting Periods that are currently available for new contracts.
Roll-up Interest Rate – For purposes of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max, the simple interest rate used to determine the roll-up in the calculation of the Current Income Benefit Base. The Rate Sheet Supplement discloses the Roll-up Interest Rates that are currently available for new contracts. For purposes of the Nationwide Lifetime Income Capture option, the indexed simple interest rate used to determine the roll-up in the calculation of the Current Income Benefit Base.
Roth IRA – An annuity contract that qualifies for favorable tax treatment under Section 408A of the Internal Revenue Code.
SEC – Securities and Exchange Commission.
SEP IRA – An annuity contract which qualifies for favorable tax treatment under Section 408(k) of the Internal Revenue Code.
Service Center – The department of Nationwide responsible for receiving all service and transaction requests relating to the contract. For service and transaction requests submitted other than by telephone (including fax requests), the Service Center is Nationwide's mail and document processing facility. For service and transaction requests communicated by telephone, the Service Center is Nationwide's operations processing facility. Information on how to contact the Service Center is in the Contacting the Service Center provision.
Simple IRA – An annuity contract which qualifies for favorable tax treatment under Section 408(p) of the Internal Revenue Code.
Sub-Accounts – Divisions of the Variable Account, each of which invests in a single underlying mutual fund.
Tax Sheltered Annuity – An annuity that qualifies for favorable tax treatment under Section 403(b) of the Internal Revenue Code. The Tax Sheltered Annuities sold under this prospectus are not available in connection with investment plans that are subject to ERISA.
Valuation Date – Each day the New York Stock Exchange is open for business or any other day during which there is a sufficient degree of trading such that the current Net Asset Value of the underlying mutual fund shares might be materially affected. Values of the Variable Account are determined as of the close of regular trading on the New York Stock Exchange, which generally closes at 4:00 p.m. EST.
Valuation Period – The period of time commencing at the close of a Valuation Date and ending at the close of regular trading on the New York Stock Exchange for the next succeeding Valuation Date.
Variable Account – Nationwide Variable Account-II, a separate account that Nationwide established to hold Contract Owner assets allocated to variable investment options. The Variable Account is divided into Sub-Accounts, each of which invests in a separate underlying mutual fund.
Withdrawal Start Date – For purposes of the Nationwide Lifetime Income Track option, the date the Contract Owner reaches age 59½, or if the Joint Option for the Nationwide Lifetime Income Track option is elected, the date the younger spouse reaches age 59½.
6

 

Table of Contents
  Page
4
10
12
12
13
13
13
14
14
14
14
14
15
15
15
15
16
16
17
17
18
18
18
18
19
19
19
19
19
19
19
20
20
20
20
22
23
23
24
25
25
25
26
26
26
28
28
28
28
28
29
29
29
30
7

 

Table of Contents (continued)
  Page
30
31
31
31
32
40
47
57
62
64
65
66
67
72
72
73
73
73
73
73
73
74
74
74
74
75
76
76
77
77
79
80
80
80
81
81
82
82
82
82
83
83
83
83
84
84
85
86
86
86
86
86
86
87
87
8

 

Table of Contents (continued)
  Page
88
88
89
89
90
92
93
93
93
93
93
94
96
96
97
97
97
98
98
99
99
99
100
100
101
101
101
102
102
103
117
169
169
172
179
182
182
183
186
189
9

 

Contract Expenses
The following tables describe the fees and expenses that a Contract Owner will pay when buying, owning, or surrendering the contract.
The first table describes the fees and expenses a Contract Owner will pay at the time the contract is purchased, surrendered, or when cash value is transferred between investment options. The state or other governmental entities may charge premium tax on purchase payments. Nationwide will deduct an amount equal to the premium tax charged by the applicable governmental entity, which is currently 0% of purchase payments.
Contract Owner Transaction Expenses
Maximum Contingent Deferred Sales Charge ("CDSC") (as a percentage of purchase payments withdrawn)
 7%
Range of CDSC over time:
Number of Completed Years from Date of Purchase Payment   0   1   2   3   4   5   6   7+  
CDSC Percentage   7%   7%   6%   5%   4%   3%   2%   0%  
    
Maximum Loan Processing Fee
 $25 1
    
The next table describes the fees and expenses that a Contract Owner will pay periodically during the life of the contract (not including underlying mutual fund fees and expenses).
Recurring Contract Expenses
Maximum Annual Contract Maintenance Charge
 $30 2
Annual Loan Interest Charge (assessed as a reduction to the credited interest rate)
 2.25% 3
Variable Account Annual Expenses (assessed as an annualized percentage of Daily Net Assets)
 		 
Mortality and Expense Risk Charge
 0.95%
Administrative Charge
 0.20%
Reduced CDSC Option ("Liquidity Option")4 Charge
 0.50%
Total Variable Account Charges (including this option only)
 1.65%
One-Year Enhanced Death Benefit Option Charge
 0.20% 5
Total Variable Account Charges (including this option only)
 1.35%
Additional Optional Riders (assessed annually as a percentage of the Current Income Benefit Base6) (eligible applicants may purchase one living benefit rider)
 		 
Maximum Nationwide Lifetime Income Rider Plus Core Charge
 1.50% 7
Maximum Nationwide Lifetime Income Rider Plus Accelerated Charge
 1.50% 7
Maximum Nationwide Lifetime Income Rider Plus Max Charge
 1.50% 7
Maximum 7% Nationwide Lifetime Income Rider Charge (no longer available for applications signed on or after July 1, 2020)
 1.50% 7
Maximum Nationwide Lifetime Income Capture Option Charge (no longer available for applications signed on or after June 1, 2020)
 1.50% 7
Maximum Nationwide Lifetime Income Track Option Charge (no longer available for applications signed on or after June 1, 2020)
 1.50% 7
Maximum Joint Option for the Nationwide Lifetime Income Rider Plus Core Charge
 0.40% 8
Maximum Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated Charge
 0.40% 8
Maximum Joint Option for the Nationwide Lifetime Income Rider Plus Max Charge
 0.40% 8
Maximum Joint Option for the 7% Nationwide Lifetime Income Rider Charge (no longer available for applications signed on or after July 1, 2020)
 0.40% 9
Maximum Joint Option for the Nationwide Lifetime Income Capture Option Charge (no longer available for applications signed on or after June 1, 2020)
 0.40% 10
Maximum Joint Option for the Nationwide Lifetime Income Track Option Charge (no longer available for applications signed on or after June 1, 2020)
 0.40% 10
    
10

 

The next table shows the fees and expenses that a Contract Owner would pay if he/she elected all of the optional benefits available under the contract (and the most expensive of mutually exclusive optional benefits).
Summary of Maximum Contract Expenses
(annualized rate, as a percentage of the Daily Net Assets)
Mortality and Expense Risk Charge (applicable to all contracts)
 0.95%
Administrative Charge (applicable to all contracts)
 0.20%
Reduced CDSC Option ("Liquidity Option") Charge
 0.50%
One-Year Enhanced Death Benefit Option Charge
 0.20%
Maximum Nationwide Lifetime Income Rider Plus Core Charge
 1.50% 11
Maximum Joint Option for the Nationwide Lifetime Income Rider Plus Core Charge
 0.40% 11
Maximum Possible Total Variable Account Charges
 3.75% 12
    
1 Nationwide assesses a loan processing fee at the time each new loan is processed. Loans are only available for contracts issued as Tax Sheltered Annuities.
2 The Contract Maintenance Charge is deducted annually from all contracts containing less than $50,000 on each Contract Anniversary. This charge is permanently waived on a going-forward basis for any contract valued at $50,000 or more on any Contract Anniversary.
3 The loan interest rate is determined, based on market conditions, at the time of loan application or issuance. The loan balance in the collateral Fixed Account is credited with interest at 2.25% less than the loan interest rate. Thus, the net loan interest charge is an annual rate of 2.25%, which is applied against the outstanding loan balance. The Annual Loan Interest Charge will not exceed 2.25%.
4 Election of the Liquidity Option replaces the standard 7 year CDSC schedule with the following reduced CDSC schedule:
   
Range of Liquidity Option CDSC over time:
Number of Completed Years from Date of Contract Issuance   0   1   2   3   4
CDSC Percentage   7%   7%   6%   5%   0%
Nationwide will discontinue deducting the charge associated with the Liquidity Option 4 years from the date the contract was issued.
5 The One-Year Enhanced Death Benefit Option is only available for contracts with Annuitants age 80 or younger at the time of application.
6 For information about how the Current Income Benefit Base is calculated, see Determination of the Income Benefit Base Prior to the First Lifetime Withdrawal.
7 Currently, the charge associated with the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max is equal to 1.30% of the Current Income Benefit Base, the charge associated with the 7% Nationwide Lifetime Income Rider and Nationwide Lifetime Income Capture option is equal to 1.20% of the Current Income Benefit Base, and the charge associated with the Nationwide Lifetime Income Track option is equal to 0.80% of the Current Income Benefit Base.
8 The Joint Option for the Nationwide Lifetime Income Rider Plus Core, Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated, or Joint Option for the Nationwide Lifetime Income Rider Plus Max may only be elected if and when the corresponding optional living benefit (Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max) is elected. Currently, the charge associated with the Joint Option for the Nationwide Lifetime Income Rider Plus Core, Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated, or Joint Option for the Nationwide Lifetime Income Rider Plus Max is equal to 0.30% of the Current Income Benefit Base. This charge is in addition to the charge for the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max.
9 The Joint Option for the 7% Nationwide Lifetime Income Rider may only be elected if and when the 7% Nationwide Lifetime Income Rider is elected. For contracts issued on or after January 14, 2013, or the date of state approval (whichever is later), the charge associated with the Joint Option for the 7% Nationwide Lifetime Income Rider is equal to 0.30% of the Current Income Benefit Base. This charge is in addition to the charge for the 7% Nationwide Lifetime Income Rider. For contracts issued before January 14, 2013, or the date of state approval (whichever is later), there is no charge associated with the Joint Option for the 7% Nationwide Lifetime Income Rider.
10 The Joint Option for the Nationwide Lifetime Income Capture option may only be elected if and when the Nationwide Lifetime Income Capture option is elected, and the Joint Option for the Nationwide Lifetime Income Track option may only be elected if and when the Nationwide Lifetime Income Track option is elected. Currently, the charge associated with the Joint Option for the Nationwide Lifetime Income Capture option is equal to 0.30% of the Current Income Benefit Base, and the charge associated with the Joint Option for the Nationwide Lifetime Income Track option is equal to 0.15% of the Current Income Benefit Base. This charge is in addition to the charge for the Nationwide Lifetime Income Capture option or the Nationwide Lifetime Income Track option.
11

 

11 This charge is a percentage of the Current Income Benefit Base. For purposes of this table, Nationwide assumes the Current Income Benefit Base is equal to the Daily Net Assets.
12 The Maximum Possible Total Variable Account Charges associated with a particular contract may be higher or lower depending on whether the Current Income Benefit Base is higher or lower than the Daily Net Assets. For purposes of this table, Nationwide assumes the Current Income Benefit Base is equal to the Daily Net Assets.
Underlying Mutual Fund Annual Expenses
The next table provides the minimum and maximum total operating expenses, as of December 31, 2020, charged by the underlying mutual funds that the Contract Owner may pay periodically during the life of the contract. More detail concerning each underlying mutual fund's fees and expenses is contained in the prospectus for each underlying mutual fund.
Total Annual Underlying Mutual Fund Operating Expenses  
    Minimum   Maximum  
(Expenses that are deducted from underlying mutual fund assets, including management fees, distribution (12b-1) fees, and other expenses, as a percentage of average underlying mutual fund assets.)   0.41%   4.00%  
The minimum and maximum underlying mutual fund operating expenses indicated above do not reflect voluntary or contractual reimbursements and/or waivers applied to some underlying mutual funds. Therefore, actual expenses could be lower. Refer to the underlying mutual fund prospectuses for specific expense information.
Example
This Example is intended to help Contract Owners compare the cost of investing in the contract with the cost of investing in other variable annuity contracts. These costs include Contract Owner transaction expenses, contract fees, Variable Account annual expenses, and underlying mutual fund fees and expenses. The Example does not reflect premium taxes which, if reflected, would result in higher expenses.
The following Example assumes:
• a $10,000 investment in the contract for the time periods indicated;
• a 5% return each year;
• the maximum and the minimum fees and expenses of any of the underlying mutual funds;
• the maximum Contingent Deferred Sales Charge under the standard 7 year CDSC schedule;
• a $30 Contract Maintenance Charge expressed as a percentage of the average contract account size; and
• the total Variable Account charges associated with the most expensive allowable combination of optional benefits (3.75%).1
For those contracts that do not elect the most expensive combination of optional benefits, the expenses would be lower.
  If you surrender your contract
at the end of the
applicable time period 		  If you annuitize your contract
at the end of the
applicable time period 		  If you do not
surrender your contract
  1 Yr.   3 Yrs.   5 Yrs.   10 Yrs.   1 Yr.   3 Yrs.   5 Yrs.   10 Yrs.   1 Yr.   3 Yrs.   5 Yrs.   10 Yrs.
Maximum Total Underlying Mutual Fund Operating Expenses (4.00%)
 $1,545   $2,949   $4,244   $7,253   *   $2,449   $3,944   $7,253   $845   $2,449   $3,944   $7,253
Minimum Total Underlying Mutual Fund Operating Expenses (0.41%)
 $1,168   $1,909   $2,656   $4,750   *   $1,409   $2,356   $4,750   $468   $1,409   $2,356   $4,750
* The contracts sold under this prospectus do not permit annuitization during the first two Contract Years.
1 The total Variable Account charges associated with the most expensive allowable combination of optional benefits may be higher or lower depending on whether the Current Income Benefit Base is higher or lower than the Daily Net Assets. For purposes of this table, Nationwide assumes the Current Income Benefit Base is equal to the Daily Net Assets.
12

 

Synopsis of the Contracts
The annuity described in this prospectus is intended to provide benefits to a single or joint owner and his/her beneficiaries. The contracts described in this prospectus are Individual Flexible Premium Deferred Variable Annuity Contracts.
The contracts can be categorized as:
• Charitable Remainder Trusts
• Individual Retirement Annuities ("IRAs")
• Investment-Only Contracts (Qualified Plans)
• Non-Qualified Contracts
• Roth IRAs
• Simplified Employee Pension IRAs ("SEP IRAs")
• Simple IRAs
• Tax Sheltered Annuities (Non-ERISA)
For more detailed information about the differences in contract types, see Appendix C: Contract Types and Tax Information.
Prospective purchasers may apply to purchase a contract through broker dealers that have entered into a selling agreement with Nationwide Investment Services Corporation.
Surrenders/Withdrawals
Contract Owners may generally withdraw some or all of their Contract Value at any time prior to annuitization by notifying the Service Center in writing (see Surrender/Withdrawal Prior to Annuitization). A CDSC may apply to the withdrawal (see Contingent Deferred Sales Charge). After the Annuitization Date, withdrawals are not permitted (see Surrender/Withdrawal After Annuitization).
Minimum Initial and Subsequent Purchase Payments
All purchase payments must be paid in the currency of the United States of America. For Non-Qualified Contracts, the minimum initial purchase payment is $5,000. For all other contract types, the minimum initial purchase payment is $3,000.A Contract Owner will meet the minimum initial purchase payment requirement if purchase payments equal to the required minimum are made over the course of the first Contract Year.The minimum subsequent purchase payment is $500. However, for subsequent purchase payments sent via electronic deposit, the minimum subsequent purchase payment is $50.
Some optional benefits may restrict the Contract Owner's ability to make subsequent purchase payments.
If the Contract Owner elects the Liquidity Option, subsequent purchase payments are only permitted during the first Contract Year.
Credits applied to the contract cannot be used to meet the minimum purchase payment requirements.
Nationwide reserves the right to refuse any purchase payment that would result in the cumulative total for all contracts issued by Nationwide or its affiliates or subsidiaries on the life of any one Annuitant or owned by any one Contract Owner to exceed $1,000,000. Its decision as to whether or not to accept a purchase payment in excess of that amount will be based on one or more factors, including, but not limited to: age, spouse age (if applicable), Annuitant age, state of issue, total purchase payments, optional benefits elected, current market conditions, and current hedging costs. All such decisions will be based on internally established actuarial guidelines and will be applied in a non-discriminatory manner. In the event that Nationwide does not accept a purchase payment under these guidelines, the purchase payment will be immediately returned in its entirety in the same manner as it was received. If Nationwide accepts the purchase payment, it will be applied to the contract immediately and will receive the next calculated Accumulation Unit value. Any references in this prospectus to purchase payment amounts in excess of $1,000,000 are assumed to have been approved by Nationwide.
13

 

Nationwide prohibits subsequent purchase payments made after death of the Contract Owner(s), the Annuitant, or Co-Annuitant. If upon notification of death of the Contract Owner(s), the Annuitant, or Co-Annuitant, it is determined that death occurred prior to a subsequent purchase payment being made, Nationwide reserves the right to return the purchase payment.
Dollar Limit Restrictions
Certain features of the contract have additional purchase payment and/or Contract Value limitations associated with them:
Annuitization. Annuity payment options will be limited if the Contract Owner submits total purchase payments in excess of $2,000,000. Furthermore, if the amount to be annuitized is greater than $5,000,000, Nationwide may limit both the amount that can be annuitized on a single life and the annuity payment options (see Annuity Payment Options).
Death Benefit Calculations. Purchase payments up to $3,000,000 may result in a higher death benefit payment than purchase payments in excess of $3,000,000 (see Death Benefit Calculations).
Subsequent Purchase Payments. If the Contract Owner elects the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, Nationwide Lifetime Income Rider Plus Max, or Nationwide Lifetime Income Capture option, Nationwide reserves the right to refuse any subsequent purchase payments. Contract Owners should consider this reservation of right when making the initial purchase payment. If the Contract Owner elects the 7% Nationwide Lifetime Income Rider or Nationwide Lifetime Income Track option, subsequent purchase payments may be limited to an aggregate total of $50,000 per calendar year.
Credits on Purchase Payments
Purchase Payment Credits ("PPCs") are additional credits that Nationwide will apply to a contract when cumulative purchase payments reach certain aggregate levels.
Each time a Contract Owner submits a purchase payment, Nationwide will perform a calculation to determine if and how many PPCs are payable as a result of that particular deposit. For purposes of all benefits and taxes under these contracts, PPCs are considered earnings, not purchase payments, and they will be allocated in the same proportion that purchase payments are allocated on the date the PPCs are applied.
If the Contract Owner cancels the contract pursuant to the contractual free look provision, Nationwide will recapture all PPCs applied to the contract. The Contract Owner will retain any earnings attributable to the PPCs, but all losses attributable to the PPCs will be incurred by Nationwide.
After the end of the contractual free look period, all PPCs are fully vested and are not subject to recapture.
Mortality and Expense Risk Charge
Nationwide deducts a Mortality and Expense Risk Charge equal to an annualized rate of 0.95% of the Daily Net Assets. The Mortality and Expense Risk Charge compensates Nationwide for providing the insurance benefits under the contract, including the contract's standard death benefit. It also compensates Nationwide for assuming the risk that Annuitants will live longer than assumed. Finally, the Mortality and Expense Risk Charge compensates Nationwide for guaranteeing that charges will not increase regardless of actual expenses. Nationwide may realize a profit from this charge.
Administrative Charge
Nationwide deducts an Administrative Charge equal to an annualized rate of 0.20% of the Daily Net Assets. The Administrative Charge reimburses Nationwide for administrative costs it incurs resulting from providing contract benefits, including preparation of the contract and prospectus, confirmation statements, annual account statements and annual reports, legal and accounting fees, as well as various related expenses. Nationwide may realize a profit from this charge.
Contract Maintenance Charge
A $30 Contract Maintenance Charge is assessed on each Contract Anniversary and upon full surrender of the contract. If on any Contract Anniversary (or on the date of a full surrender) the Contract Value is $50,000 or more, Nationwide will waive the Contract Maintenance Charge from that point forward.
14

 

Contingent Deferred Sales Charge
Nationwide does not deduct a sales charge from purchase payments upon deposit into the contract. However, Nationwide may deduct a Contingent Deferred Sales Charge ("CDSC") if any amount is withdrawn from the contract. This CDSC reimburses Nationwide for sales expenses. The amount of the CDSC will not exceed 7% of purchase payments withdrawn.
Reduced CDSC Option ("Liquidity Option")
The contract contains a standard seven-year CDSC schedule. For contracts issued on or after May 1, 2014, or the date of state approval (whichever is later), in lieu of the standard seven-year CDSC schedule, an applicant may elect the Liquidity Option at the time of application. Election of the Liquidity Option replaces the contract’s standard seven-year CDSC schedule with a four-year CDSC schedule that expires four years from the contract issue date.
If the applicant elects the Liquidity Option, Nationwide will assess a charge equal to an annualized rate of 0.50% of the Daily Net Assets during the first four Contract Years in exchange for a reduced CDSC schedule. Subsequent purchase payments will only be permitted during the first Contract Year.
Optional Death Benefits
The contract contains a standard death benefit (the greater of (i) Contract Value or (ii) net purchase payments) at no additional charge. An optional death benefit is also available for an additional charge, which may provide a greater death benefit than the standard death benefit.
In lieu of the standard death benefit, an applicant may elect the following death benefit option at the time of application:
• The One-Year Enhanced Death Benefit Option is available for contracts with Annuitants age 80 or younger at the time of application. The charge for this option is equal to 0.20% of the Daily Net Assets.
Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max
The Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max are available for applications signed on or after June 1, 2020. The Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max optional living benefits provide for Lifetime Withdrawals, up to a certain amount each calendar year, even after the Contract Value is $0, provided that the Contract Owner does not deplete the Current Income Benefit Base by taking excess withdrawals. Investment restrictions apply. Additionally, if the Contract Owner delays taking Lifetime Withdrawals and does not elect to take a Non-Lifetime Withdrawal for the duration of the applicable Roll-up Crediting Period, Nationwide will guarantee that the Current Income Benefit Base on the Contract Anniversary after the applicable Roll-up Crediting Period will be no less than the Original Income Benefit Base plus simple interest (simple interest is interest that is calculated and paid only on the premium payments deposited and not on previously earned interest) at the applicable Roll-up Interest Rate annually for each of those years. The Roll-up Interest Rate and Roll-up Crediting Period currently available to new contracts are disclosed in a Rate Sheet Supplement to the prospectus. For historical information, see Appendix F: Historical Rates, Periods, and Percentages. The Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max optional living benefits are available under the contract at the time of application. The Contract Owner (or the Annuitant in the case of a non-natural Contract Owner) must be between age 50 and 85 at the time of application. Only one optional living benefit may be elected.
If the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max is elected, Nationwide will deduct an additional charge not to exceed 1.50% of the Current Income Benefit Base, which is the amount upon which the Lifetime Withdrawal Amount is based. Currently, the charge for the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max optional living benefits is 1.30% of the Current Income Benefit Base. The charge is deducted on each Contract Anniversary and is taken from the Sub-Accounts proportionally based on contract allocations at the time the charge is deducted.
Election of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max requires that the Contract Owner, until annuitization, allocate the entire Contract Value to the permitted investment options. The permitted investment options are more conservative than those
15

 

that are not permitted, and help Nationwide manage the likelihood that Lifetime Withdrawals will be paid from Nationwide’s General Account. If the Contract Value is greater than $0, Lifetime Withdrawals are paid from the Contract Owner’s Contract Value. If the Contract Value is equal to or less than $0, Lifetime Withdrawals are paid from Nationwide’s General Account. Lifetime Withdrawals paid from the General Account are subject to Nationwide’s creditors and ultimately, its overall claims paying ability. The cost of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max optional living benefits may exceed the benefit. Certain actions by the Contract Owner will terminate the elected optional benefit.
Withdrawals in excess of the Lifetime Withdrawal Amount that reduce the Current Income Benefit Base to $0 will automatically terminate the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max.
7% Nationwide Lifetime Income Rider (formerly the 7% Lifetime Income Option)
For applications signed on or after July 1, 2020, the 7% Nationwide Lifetime Income Rider is no longer available for election. The 7% Nationwide Lifetime Income Rider provides for Lifetime Withdrawals, up to a certain amount each year, even after the Contract Value is $0, provided that the Contract Owner does not deplete the Current Income Benefit Base by taking excess withdrawals. Investment restrictions apply. Additionally, if the Contract Owner delays taking Lifetime Withdrawals and does not elect to take a Non-Lifetime Withdrawal for 10 years, Nationwide will guarantee that the Current Income Benefit Base on the 10th Contract Anniversary will be no less than the Original Income Benefit Base plus simple interest at a rate of 7% annually for each of those 10 years. The 7% Nationwide Lifetime Income Rider is available under the contract at the time of application. The Contract Owner (or the Annuitant in the case of a non-natural Contract Owner) must be between age 50 and 85 at the time of application. The 7% Nationwide Lifetime Income Rider may not be elected if the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, Nationwide Lifetime Income Rider Plus Max, Nationwide Lifetime Income Capture option, or Nationwide Lifetime Income Track option is elected.
If the 7% Nationwide Lifetime Income Rider is elected, Nationwide will deduct an additional charge not to exceed 1.50% of the Current Income Benefit Base, which is the amount upon which the Lifetime Withdrawal Amount is based. Currently, the charge for the 7% Nationwide Lifetime Income Rider is 1.20% of the Current Income Benefit Base. The charge is deducted on each Contract Anniversary and is taken from the Sub-Accounts proportionally based on contract allocations at the time the charge is deducted.
Election of the 7% Nationwide Lifetime Income Rider requires that the Contract Owner, until annuitization, allocate the entire Contract Value to a limited set of investment options. If the Contract Value is greater than $0, Lifetime Withdrawals are paid from the Contract Owner’s Contract Value. If the Contract Value is equal to or less than $0, Lifetime Withdrawals are paid from Nationwide’s General Account. Lifetime Withdrawals paid from the General Account are subject to Nationwide’s creditors and ultimately, its overall claims paying ability. The cost of the 7% Nationwide Lifetime Income Rider may exceed the benefit.
Withdrawals in excess of the Lifetime Withdrawal Amount that reduce the Current Income Benefit Base to $0 will automatically terminate the 7% Nationwide Lifetime Income Rider.
Nationwide Lifetime Income Capture Option
For applications signed on or after June 1, 2020, the Nationwide Lifetime Income Capture option is no longer available for election. The Nationwide Lifetime Income Capture option provides for Lifetime Withdrawals, up to a certain amount each year, even after the Contract Value is $0, provided that the Contract Owner does not deplete the Current Income Benefit Base by taking excess withdrawals. Investment restrictions apply. The Nationwide Lifetime Income Capture option is available under the contract at the time of application. The Contract Owner (or the Annuitant in the case of a non-natural Contract Owner) must be between age 50 and 85 at the time of application. The Nationwide Lifetime Income Capture option cannot be elected if the 7% Nationwide Lifetime Income Rider or Nationwide Lifetime Income Track option is elected.
If the applicant elects the Nationwide Lifetime Income Capture option, Nationwide will deduct an additional charge not to exceed 1.50% of the Current Income Benefit Base, which is the amount upon which the Lifetime Withdrawal Amount is based. Currently, the charge for the Nationwide Lifetime Income Capture option is 1.20% of the Current Income Benefit Base. The charge is deducted on each Option Anniversary and is taken from the Sub-Accounts proportionally based on contract allocations at the time the charge is deducted.
16

 

Election of the Nationwide Lifetime Income Capture option requires that the Contract Owner, until annuitization, allocate the entire Contract Value to a limited set of investment options. If the Contract Value is greater than $0, then Lifetime Withdrawals are paid from the Contract Owner's Contract Value. If the Contract Value is equal to or less than $0, then Lifetime Withdrawals are paid from Nationwide's General Account. Lifetime Withdrawals paid from the General Account are subject to Nationwide's creditors and ultimately, its overall claims paying ability. Certain actions by the Contract Owner will terminate this optional benefit. The cost of the Nationwide Lifetime Income Capture option may exceed the benefit.
Withdrawals in excess of the Lifetime Withdrawal Amount that reduce the Current Income Benefit Base to $0 will automatically terminate the Nationwide Lifetime Income Capture option.
Nationwide Lifetime Income Track Option
For applications signed on or after June 1, 2020, the Nationwide Lifetime Income Track option is no longer available for election. The Nationwide Lifetime Income Track option is available under the contract at the time of application. After the Contract Owner reaches age 59½ (or if the Joint Option for the Nationwide Lifetime Income Track option is elected, both spouses reach age 59½) the Nationwide Lifetime Income Track option provides for Lifetime Withdrawals, up to a certain amount each year, even after the Contract Value is $0, provided that the Contract Owner does not deplete the Current Income Benefit Base by taking early or excess withdrawals. Investment restrictions apply. The Contract Owner (or the Annuitant in the case of a non-natural Contract Owner) must be age 85 or younger at the time of application. The Nationwide Lifetime Income Track option cannot be elected if the 7% Nationwide Lifetime Income Rider or Nationwide Lifetime Income Capture option is elected.
If the applicant elects the Nationwide Lifetime Income Track option, Nationwide will deduct an additional charge not to exceed 1.50% of the Current Income Benefit Base, which is the amount upon which the Lifetime Withdrawal Amount is based. Currently, the charge for the Nationwide Lifetime Income Track option is 0.80% of the Current Income Benefit Base. The charge is deducted on each Option Anniversary and is taken from the Sub-Accounts proportionally based on contract allocations at the time the charge is deducted.
Election of the Nationwide Lifetime Income Track option requires that the Contract Owner, until annuitization, allocate the entire Contract Value to a limited set of investment options. If the Contract Value is greater than $0, then Lifetime Withdrawals are paid from the Contract Owner's Contract Value. If the Contract Value is equal to or less than $0, then Lifetime Withdrawals are paid from Nationwide's General Account. Lifetime Withdrawals paid from the General Account are subject to Nationwide's creditors and ultimately, its overall claims paying ability. Certain actions by the Contract Owner will terminate this optional benefit. The cost of the Nationwide Lifetime Income Track option may exceed the benefit.
An early withdrawal (a withdrawal taken from the contract prior to the Withdrawal Start Date) or withdrawals in excess of the Lifetime Withdrawal Amount that reduce the Current Income Benefit Base to $0 will automatically terminate the Nationwide Lifetime Income Track option.
Joint Option for the Nationwide Lifetime Income Rider Plus Core, Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated, and Joint Option for the Nationwide Lifetime Income Rider Plus Max
The Joint Option for the Nationwide Lifetime Income Rider Plus Core, Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated, and Joint Option for the Nationwide Lifetime Income Rider Plus Max (herein each the "Joint Option") are available for applications signed on or after June 1, 2020. The Joint Option allows a surviving spouse to continue to receive, for the duration of his/her lifetime, the benefit associated with the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max, as applicable, provided that certain conditions are satisfied. The Joint Option is only available for election if and when the corresponding optional living benefit is elected.
If the Joint Option for the Nationwide Lifetime Income Rider Plus Core, Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated, or Joint Option for the Nationwide Lifetime Income Rider Plus Max is elected, Nationwide will deduct an additional charge not to exceed 0.40% of the Current Income Benefit Base. Currently, the charge for each of these Joint Options is 0.30% of the Current Income Benefit Base and the Lifetime Withdrawal Percentages will be reduced. The Contract Owner’s spouse (or the Annuitant’s spouse in the case of a non-natural Contract Owner) must be between age 50 and 85 at the time of application. If assessed, the charge is deducted at the same time and in the same
17

 

manner as the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max charge. The cost of the Joint Option (including the reduction in the Lifetime Withdrawal Percentages) may exceed the benefit.
Joint Option for the 7% Nationwide Lifetime Income Rider (formerly the 7% Spousal Continuation Benefit)
For applications signed on or after July 1, 2020, the Joint Option is no longer available for election. The Joint Option for the 7% Nationwide Lifetime Income Rider ("Joint Option") allows a surviving spouse to continue to receive, for the duration of his/her lifetime, the benefit associated with the 7% Nationwide Lifetime Income Rider, provided that certain conditions are satisfied. The Joint Option is only available for election if and when the 7% Nationwide Lifetime Income Rider is elected.
If the Joint Option is elected, Nationwide will deduct an additional charge not to exceed 0.40% of the Current Income Benefit Base. For contracts issued on or after January 14, 2013, or the date of state approval (whichever is later), the charge for the Joint Option is 0.30% of the Current Income Benefit Base and the Lifetime Withdrawal Percentages will be reduced. For contracts issued before January 14, 2013, or the date of state approval (whichever is later), there is no charge for the Joint Option, however, the Lifetime Withdrawal Percentages will be reduced. The Contract Owner’s spouse (or the Annuitant’s spouse in the case of a non-natural Contract Owner) must be between age 50 and 85 at the time of application. If assessed, the charge is deducted at the same time and in the same manner as the 7% Nationwide Lifetime Income Rider charge. The cost of the Joint Option (including the reduction in the Lifetime Withdrawal Percentages) may exceed the benefit.
Joint Option for the Nationwide Lifetime Income Capture Option
For applications signed on or after June 1, 2020, the Joint Option is no longer available for election. The Joint Option for the Nationwide Lifetime Income Capture option ("Joint Option") allows a surviving spouse to continue to receive, for the duration of his/her lifetime, the benefit associated with the Nationwide Lifetime Income Capture option, provided that certain conditions are satisfied. The Joint Option is only available for election if and when the Nationwide Lifetime Income Capture option is elected.
If the Joint Option is elected, Nationwide will deduct an additional charge not to exceed 0.40% of the Current Income Benefit Base. Currently, the charge for the Joint Option is 0.30% of the Current Income Benefit Base. In addition, if the Joint Option is elected, the Lifetime Withdrawal Percentages will be reduced. The Contract Owner’s spouse (or the Annuitant’s spouse in the case of a non-natural Contract Owner) must be between age 50 and 85 at the time of application. The charge is deducted at the same time and in the same manner as the Nationwide Lifetime Income Capture option charge. The cost of the Joint Option (including the reduction in the Lifetime Withdrawal Percentages) may exceed the benefit.
Joint Option for the Nationwide Lifetime Income Track Option
For applications signed on or after June 1, 2020, the Joint Option is no longer available for election. The Joint Option for the Nationwide Lifetime Income Track option ("Joint Option") allows a surviving spouse to continue to receive, for the duration of his/her lifetime, the benefit associated with the Nationwide Lifetime Income Track option, provided that certain conditions are satisfied. The Joint Option is only available for election if and when the Nationwide Lifetime Income Track option is elected.
If the Joint Option is elected, Nationwide will deduct an additional charge not to exceed 0.40% of the Current Income Benefit Base. Currently, the charge for the Joint Option is 0.15% of the Current Income Benefit Base. In addition, if the Joint Option is elected, the Lifetime Withdrawal Percentages will be reduced. The Contract Owner’s spouse (or the Annuitant’s spouse in the case of a non-natural Contract Owner) must be age 85 or younger at the time of application. The charge is deducted at the same time and in the same manner as the Nationwide Lifetime Income Track option charge. The cost of the Joint Option (including the reduction in the Lifetime Withdrawal Percentages) may exceed the benefit.
Charges for Optional Benefits
Optional benefits are irrevocable once elected. Generally, the charges associated with optional benefits are only assessed prior to annuitization. However, certain optional benefits will assess the charge for a specified duration, even if the contract is annuitized:
18

 

• The charge for the Liquidity Option will be assessed for four years from the date the contract was issued.
Underlying Mutual Fund Annual Expenses
The underlying mutual funds charge fees and expenses that are deducted from underlying mutual fund assets. These fees and expenses are in addition to the fees and expenses assessed by the contract. The prospectus for each underlying mutual fund provides information regarding the fees and expenses applicable to the fund.
Annuity Payments
On the Annuitization Date, annuity payments begin (see Annuitizing the Contract). Annuity payments will be based on the annuity payment option chosen prior to annuitization. Nationwide will send annuity payments no later than seven days after each annuity payment date.
Taxation
How distributions from an annuity contract are taxed depends on the type of contract issued and the purpose for which the contract is purchased. Generally, distributions from an annuity contract, including the payment of death benefits, are taxable to the extent the cash value exceeds the investment in the contract (see Appendix C: Contract Types and Tax Information). Nationwide will charge against the contract any premium taxes levied by any governmental authority. The premium tax rate is currently 0% (see Premium Taxes and Appendix C: Contract Types and Tax Information).
Death Benefit
An applicant may elect either the standard death benefit (Return of Premium) or the optional death benefit that is offered under the contract for an additional charge. If no election is made at the time of application, the death benefit will be the standard death benefit.
Cancellation of the Contract
Under state insurance laws, Contract Owners have the right, during a limited period of time, to examine their contract and decide if they want to keep it or cancel it. This right is referred to as a "free look" right. The length of this time period depends on state law and may vary depending on whether the purchase is a replacement of another annuity contract. For ease of administration, Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date (see Right to Examine and Cancel and Contacting the Service Center).
If the Contract Owner elects to cancel the contract pursuant to the free look provision, Nationwide will return the Contract Value, less any Purchase Payment Credits, withdrawals from the contract, and applicable federal and state income tax withholding (see Right to Examine and Cancel).
Condensed Financial Information
The value of an Accumulation Unit is determined on the basis of changes in the per share value of the underlying mutual funds and the assessment of Variable Account charges which may vary from contract to contract (see Determining the Contract Value).Refer to Appendix B: Condensed Financial Information for information regarding the minimum and maximum class of Accumulation Unit values. All classes of Accumulation Unit values may be obtained free of charge by contacting the Service Center.
Financial Statements
Financial statements for the Variable Account and financial statements and schedules of Nationwide are located in the Statement of Additional Information. A current Statement of Additional Information may be obtained, without charge, by contacting the Service Center.
19

 

Nationwide Life Insurance Company
Nationwide, the depositor, is a stock life insurance company organized under Ohio law in March 1929, with its home office at One Nationwide Plaza, Columbus, Ohio 43215. Nationwide is a provider of life insurance, annuities, and retirement products. Nationwide is admitted to do business in all states, the District of Columbia, Guam, the U.S. Virgin Islands, and Puerto Rico.
Nationwide is a member of the Nationwide group of companies. Nationwide Mutual Insurance Company and Nationwide Mutual Fire Insurance Company (the "Companies") are the ultimate controlling persons of the Nationwide group of companies. The Companies were organized under Ohio law in December 1925 and 1933 respectively. The Companies engage in a general insurance and reinsurance business, except life insurance.
Nationwide Investment Services Corporation
The contracts are distributed by the general distributor, Nationwide Investment Services Corporation ("NISC"), One Nationwide Plaza, Columbus, Ohio 43215. NISC is a wholly-owned subsidiary of Nationwide.
Investing in the Contract
The Variable Account and Underlying Mutual Funds
Nationwide Variable Account-II is a variable account that invests in the underlying mutual funds listed in Appendix A: Underlying Mutual Fund Information. Nationwide established the Variable Account on October 7, 1981 pursuant to Ohio law. Although the Variable Account is registered with the SEC as a unit investment trust pursuant to the Investment Company Act of 1940 ("1940 Act"), the SEC does not supervise the management of Nationwide or the Variable Account.
Income, gains, and losses credited to or charged against the Variable Account reflect the Variable Account’s own investment experience and not the investment experience of Nationwide’s other assets. The Variable Account’s assets are held separately from Nationwide’s assets and are not chargeable with liabilities incurred in any other business of Nationwide. Nationwide is obligated to pay all amounts promised to Contract Owners under the contracts. Amounts paid to Contract Owners under the contracts in excess of the Contract Value, such as amounts that may be paid under an elected death benefits option or a living benefit option, are paid from the General Account and are subject to Nationwide's creditors and ultimately, its overall claims paying ability.
The Variable Account is divided into Sub-Accounts, each of which invests in shares of a single underlying mutual fund. Nationwide uses the assets of each Sub-Account to buy shares of the underlying mutual funds based on Contract Owner instructions.
Contract Owners receive underlying mutual fund prospectuses when they make their initial Sub-Account allocations and any time they change those allocations. Contract Owners can obtain prospectuses for underlying mutual funds free of charge at any time by contacting the Service Center. Contract Owners should read these prospectuses carefully before investing.
Underlying mutual funds in the Variable Account are NOT publicly available mutual funds. They are only 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.
The investment advisers of the underlying mutual funds may manage publicly available mutual funds with similar names and investment objectives. However, the underlying mutual funds are NOT the same as any publicly available mutual fund. Contract Owners should not compare the performance of a publicly available fund with the performance of underlying mutual funds participating in the Variable Account. The performance of the underlying mutual funds could differ substantially from that of any publicly available funds.
The particular underlying mutual funds available under the contract may change from time to time. Specifically, underlying mutual funds or underlying mutual fund share classes that are currently available may be removed or closed off to future investment. New underlying mutual funds or new share classes of currently available underlying mutual funds may be added. Contract Owners will receive notice of any such changes that affect their contract. The underlying mutual funds, which sell their shares to the Sub-Accounts pursuant to participation agreements, also may terminate these agreements and discontinue offering their shares to the Sub-Accounts. Additionally, the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max limit how Contract Value may be allocated to help Nationwide manage its obligation to provide Contract Owners with Lifetime Withdrawals by
20

 

reducing the likelihood that it will have to make unanticipated payments, and the 7% Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture option, and Nationwide Lifetime Income Track option limit the list of underlying mutual funds available in connection with that option (see Income Benefit Investment Options).
In the future, additional underlying mutual funds managed by certain financial institutions, brokerage firms, or their affiliates may be added to the Variable Account. These additional underlying mutual funds may be offered exclusively to purchasing customers of the particular financial institution or brokerage firm, or through other exclusive distribution arrangements.
Voting Rights
Contract Owners are not shareholders of the underlying mutual funds in which the Sub-Accounts invest; however, Contract Owners with assets allocated to Sub-Accounts are entitled to certain voting rights. Nationwide will vote underlying mutual fund shares at special shareholder meetings based on Contract Owner instructions. However, if the law changes and Nationwide is allowed to vote in its own right, it may elect to do so.
Contract Owners with voting interests in an underlying mutual fund will be notified of issues requiring shareholder vote as soon as possible before the shareholder meeting. Notification will contain proxy materials and a form with which to give Nationwide voting instructions. Nationwide will vote shares for which no instructions are received in the same proportion as those that are received. What this means is that when only a small number of Contract Owners vote, each vote has a greater impact on, and may control, the outcome.
The number of shares which a Contract Owner may vote is determined by dividing the cash value of the amount they have allocated to an underlying mutual fund by the Net Asset Value of that underlying mutual fund. Nationwide will designate a date for this determination not more than 90 days before the shareholder meeting.
Material Conflicts
The underlying mutual funds may be offered through separate accounts of other insurance companies, as well as through other separate accounts of Nationwide. Nationwide does not anticipate any disadvantages to this. However, it is possible that a conflict may arise between the interests of the Variable Account and one or more of the other separate accounts in which these underlying mutual funds participate.
Material conflicts may occur due to a change in law affecting the operations of variable life insurance policies and variable annuity contracts, or differences in the voting instructions of the Contract Owners and those of other companies. If a material conflict occurs, Nationwide will take whatever steps are necessary to protect Contract Owners and variable annuity payees, including withdrawal of the Variable Account from participation in the underlying mutual fund(s) involved in the conflict.
Substitution of Securities
Nationwide may substitute shares of another underlying mutual fund for shares already purchased or to be purchased in the future if either of the following occurs:
(1) shares of a current underlying mutual fund are no longer available for investment; or
(2) further investment in an underlying mutual fund is inappropriate.
Nationwide will not substitute shares of any underlying mutual fund in which the Sub-Accounts invest without any necessary prior approval of the appropriate state or federal regulatory authorities. All affected Contract Owners will be notified in the event there is a substitution, elimination, or combination of shares.
The substitute underlying mutual fund may have different fees and expenses. Substitution may be made with respect to existing investments or the investment of future purchase payments, or both. Nationwide may close Sub-Accounts to allocations of purchase payments or Contract Value, or both, at any time in its sole discretion. The underlying mutual funds, which sell their shares to the Sub-Accounts pursuant to participation agreements, also may terminate these agreements and discontinue offering their shares to the Sub-Accounts.
Deregistration of the Variable Account
Nationwide may deregister the Variable Account under the 1940 Act in the event the Variable Account meets an exemption from registration under the 1940 Act, if there are no shareholders in the separate account, or for any other purpose approved by the SEC.
21

 

No deregistration may take place without the prior approval of the SEC. All affected Contract Owners will be notified in the event Nationwide deregisters the Variable Account. If the Variable Account is deregistered, Nationwide’s contractual obligations to the Contract Owner will continue.
If the Variable Account is deregistered, Nationwide’s contractual obligations to the Contract Owner will continue.
The Fixed Account
The Fixed Account is an investment option that is funded by assets of Nationwide’s General Account. The General Account contains all of Nationwide’s assets other than those in this and other Nationwide separate accounts and is used to support Nationwide’s annuity and insurance obligations. These obligations may include certain death benefits and living benefits as described in this prospectus. The General Account is not subject to the same laws as the Variable Account and the SEC has not reviewed material in this prospectus relating to the Fixed Account.
Purchase payments will be allocated to the Fixed Account by election of the Contract Owner. Nationwide reserves the right to limit or refuse purchase payments and/or transfers allocated to the Fixed Account at its sole discretion. Generally, Nationwide will invoke this right when interest rates are low by historical standards. Nationwide also reserves the right to limit the amount that can be transferred from the Fixed Account at the end of an interest rate guaranteed period. State law requires Nationwide to reserve the right to postpone payment or transfer out of the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request. The Fixed Account may not be available in every state.
The investment income earned by the Fixed Account will be allocated to the contracts at varying guaranteed interest rate(s) depending on the following categories of Fixed Account allocations:
• New Money Rate – The rate credited on the Fixed Account allocation when the contract is purchased or when subsequent purchase payments are made. Subsequent purchase payments may receive different New Money Rates than the rate when the contract was issued, since the New Money Rate is subject to change based on market conditions.
• Variable Account to Fixed Rate – Allocations transferred from any of the Sub-Accounts to the Fixed Account may receive a different rate. The rate may be lower than the New Money Rate. There may be limits on the amount and frequency of movements from the Sub-Accounts to the Fixed Account.
• Renewal Rate – The rate available for maturing Fixed Account allocations which are entering a new guarantee period. The Contract Owner will be notified of this rate in a letter issued with the quarterly statements when a Contract Owner’s Fixed Account allocation matures. At that time, the Contract Owner will have an opportunity to leave the money in the Fixed Account and receive the Renewal Rate or the Contract Owner can move the money to any of the other investment options.
• Dollar Cost Averaging Rate – From time to time, Nationwide may offer a more favorable rate for an initial purchase payment into a new contract when used in conjunction with a Dollar Cost Averaging program. Rates will vary depending on the Dollar Cost Averaging program elected (see Contract Owner Services).
All of these rates are subject to change on a daily basis; however, once applied to the Fixed Account, the interest rates are guaranteed until the end of the calendar quarter during which the 12-month anniversary of the Fixed Account allocation occurs.
Credited interest rates are annualized rates – the effective yield of interest over a one-year period. Interest is credited to each contract on a daily basis. As a result, the credited interest rate is compounded daily to achieve the stated effective yield.
The guaranteed rate for any purchase payment will be effective for not less than 12 months. Nationwide guarantees that the rate will not be less than the minimum interest rate required by applicable state law. Any interest in excess of the minimum interest rate required by applicable state law will be credited to Fixed Account allocations at Nationwide’s sole discretion.
Nationwide guarantees that the value of Fixed Account allocations will not be less than the amount of the purchase payments and Purchase Payment Credits allocated to the Fixed Account, plus interest credited as described above, less any withdrawals and any applicable charges including CDSC.
Fixed Account Interest Rate Guarantee Period
The Fixed Account interest rate guarantee period is the period of time that the Fixed Account interest rate is guaranteed to remain the same. During a Fixed Account interest rate guarantee period, transfers cannot be made from the Fixed Account, and amounts transferred to the Fixed Account must remain on deposit.
22

 

For new purchase payments allocated to the Fixed Account and transfers to the Fixed Account, the Fixed Account interest rate guarantee period begins on the date of deposit or transfer and ends on the one-year anniversary of the deposit or transfer. The guaranteed interest rate period may last for up to three months beyond the one-year anniversary because guaranteed terms end on the last day of a calendar quarter.
Beneficially Owned Contracts
A beneficially owned contract is a contract that is inherited or purchased by a beneficiary and the beneficiary holds the contract as a beneficiary (as opposed to treating the contract as his/her own) to facilitate the distribution of a death benefit or contract value in accordance with the applicable federal tax laws (see Appendix C: Contract Types and Tax Information). An owner of a beneficially owned contract is referred to as a "beneficial owner."
There are two types of beneficially owned contracts, a "continued beneficially owned contract" and a "purchased beneficially owned contract." A continued beneficially owned contract is when a beneficiary inherits a contract and continues that contract as a beneficial owner. A "purchased beneficially owned contract" is when a beneficiary purchases a new contract using a death benefit or contract value that the beneficiary inherited under a different annuity contract.
Not all options and features described in this prospectus are available to beneficially owned contracts:
• Subsequent purchase payments are not permitted under any beneficially owned contract.
• Withdrawals under beneficially owned contracts are subject to applicable CDSC except when the withdrawals are made from a continued beneficially owned contract that is inherited as death benefit proceeds (as opposed to inherited contract value).
• No optional benefits are permitted under any beneficially owned contract, except that a purchased beneficially owned contract may elect an optional death benefit.
• A beneficial owner must be both the Contract Owner and the Annuitant of a beneficially owned contract, and no additional parties may be named, except that a purchased beneficially owned contract may name a Co-Annuitant if an optional death benefit is elected.
• No changes to the parties will be permitted on any beneficially owned contract, except that a beneficial owner may request changes to their successor beneficiary(ies).
• Beneficially owned contracts cannot be assigned, except that a beneficial owner may assign rights to the distribution payments.
There is no death benefit payable on a on a continued beneficially owned contract. After the death of the beneficial owner, any remaining death benefit or contract value to be distributed will be payable to a successor beneficiary in accordance with applicable federal tax laws.
A beneficiary who is the surviving spouse of a contract owner has the option under the tax laws to continue the contract as the sole contract owner and treat the contract as the spouse’s own. If a spouse continues the contract as the sole contract owner, the spouse will not be treated as a beneficial owner and this section will not apply.
Contacting the Service Center
All inquiries, paperwork, information requests, service requests, and transaction requests should be made to the Service Center:
• by telephone at 1-800-848-6331 (TDD 1-800-238-3035)
• by mail to P.O. Box 182021, Columbus, Ohio 43218-2021
• by fax at 1-888-634-4472
• by Internet at www.nationwide.com.
Nationwide reserves the right to restrict or remove the ability to submit service requests via Internet, phone, or fax upon written notice.
Not all methods of communication are available for all types of requests. To determine which methods are permitted for a particular request, refer to the specific transaction provision in this prospectus or call the Service Center. Requests submitted by means other than described in this prospectus could be returned or delayed.
23

 

Service and transaction requests will generally be processed on the Valuation Date they are received at the Service Center as long as the request is in good order. Good order generally means that all necessary information to process the request is complete and in a form acceptable to Nationwide. If a request is not in good order, Nationwide will take reasonable actions to obtain the information necessary to process the request. Requests that are not in good order may be delayed or returned. Nationwide reserves the right to process any purchase payment or withdrawal request sent to a location other than the Service Center on the Valuation Date it is received at the Service Center. On any day the post office is closed, Nationwide is unable to retrieve service and transaction requests that are submitted by mail. This will result in a delay of the delivery of those requests to the Service Center.
Nationwide will use reasonable procedures to confirm that instructions are genuine and will not be liable for following instructions that it reasonably determined to be genuine. Nationwide may record telephone requests. Telephone and computer systems may not always be available. Any telephone system or computer can experience outages or slowdowns for a variety of reasons. The outages or slowdowns could prevent or delay processing. Although Nationwide has taken precautions to support heavy use, it is still possible to incur an outage or delay. To avoid technical difficulties, submit transaction requests by mail.
The Contract in General
In order to comply with the USA PATRIOT Act and rules promulgated thereunder, Nationwide has implemented procedures designed to prevent contracts described in this prospectus from being used to facilitate money laundering or the financing of terrorist activities. If mandated under applicable law, Nationwide may be required to reject a purchase payment and/or block a Contract Owner’s account and thereby refuse to process any request for transfers, withdrawals, surrenders, loans, or death benefits until instructions are received from the appropriate regulators. Nationwide may also be required to provide additional information about a Contract Owner or a Contract Owner’s account to governmental regulators.
If the contract described in this prospectus is replacing another variable annuity, the mortality tables used to determine the amount of annuity payments for this contract may be less favorable than those in the contract being replaced. Additionally, upon replacement, all benefits accrued under the replaced contract are forfeited.
Except with respect to statements relating to age, sex, and identity, Nationwide will not contest the contract after it has been in force during the lifetime of the Annuitant for two years after the date of contract issuance.
Nationwide will not pay insurance proceeds directly to minors. Contact a legal advisor for options to facilitate the timely availability of monies intended for a minor’s benefit.
The annuity described in this prospectus is intended to provide benefits to a single individual and his/her beneficiaries. It is not intended to be used by institutional investors, in connection with other Nationwide contracts that have the same Annuitant, or in connection with other Nationwide contracts that have different Annuitants, but the same Contract Owner. If Nationwide determines that the risks it intended to assume in issuing the contract have been altered by misusing the contract as described above, Nationwide reserves the right to take any action it deems necessary to reduce or eliminate the altered risk. Nationwide also reserves the right to take any action it deems necessary to reduce or eliminate altered risk resulting from materially false, misleading, incomplete, or otherwise deficient information provided by the Contract Owner.
These contracts are offered to customers of various financial institutions and brokerage firms. No financial institution or brokerage firm is responsible for any of the contractual insurance benefits and features guaranteed under the contracts. These guarantees are the sole responsibility of Nationwide.
In general, deferred variable annuities are long-term investments; they are not intended as short-term investments. The contracts associated with this prospectus are not intended to be sold to a terminally ill Contract Owner or Annuitant. Accordingly, Nationwide has designed the contract to offer features, pricing, and investment options that encourage long-term ownership. It is very important that Contract Owners and prospective purchasers understand all the costs associated with owning a contract, and if and how those costs change during the lifetime of the contract. Contract charges may not be the same in later Contract Years as they are in early Contract Years. The various contract charges are assessed to compensate Nationwide for administrative services, distribution and operational expenses, and assumed actuarial risks associated with the contract.
24

 

Risks Associated with COVID-19
In March 2020, the World Health Organization declared the COVID-19 outbreak a pandemic, which has resulted in operational disruptions, as well as market volatility and general economic uncertainty. While Nationwide has implemented risk management and contingency plans and taken preventative measures and other precautions so it can continue to provide products and services to its customers, even as many of its employees and the employees of its service providers continue to work remotely, it is not currently possible to accurately estimate the full impact that the COVID-19 pandemic will have on Nationwide’s businesses as Nationwide continues to be subject to certain risks that could negatively impact its operations.
Significant market volatility and negative investment returns in the market resulting from the COVID-19 pandemic could have a negative impact on returns of the underlying mutual funds in which the Variable Account invests. Additionally, prolonged current economic conditions, consumer behavior, economic shutdowns, state and federal legislation intended to ease the impact of the COVID-19 pandemic on consumers and voluntary hardship assistance that Nationwide provides to its customers, among other factors related to COVID-19, could affect the amount of sales and profitability of Nationwide’s businesses and could have a negative impact on its financial condition and operations.
While Nationwide is confident in its ability to manage the financial risks related to COVID-19, the extent and duration or the risks related to the COVID-19 pandemic are unknown at this time. It is possible these risks could impact Nationwide’s financial strength and claims-paying ability. There are many factors beyond Nationwide’s control that cannot be mitigated or foreseen that could have a negative impact on Nationwide and the operation of the contract. Nationwide continues to monitor the economic situation and assess its impact on its business operations closely.
Cybersecurity
Nationwide’s businesses are highly dependent upon its computer systems and those of its business partners. This makes Nationwide potentially susceptible to operational and information security risks resulting from a cyber-attack. These risks include direct risks, such as theft, misuse, corruption, and destruction of data maintained by Nationwide, and indirect risks, such as denial of service, attacks on service provider websites and other operational disruptions that impede Nationwide’s ability to electronically interact with service providers. Cyber-attacks affecting Nationwide, the underlying mutual funds, intermediaries, and other service providers may adversely affect Nationwide and Contract Values. In connection with any such cyber-attack, Nationwide and/or its service providers and intermediaries may be subject to regulatory fines and financial losses and/or reputational damage. Cybersecurity risks may also impact the issuers of securities in which the underlying mutual funds invest, which may cause the underlying mutual funds to lose value. Although Nationwide undertakes substantial efforts to protect its computer systems from cyber-attacks, including internal processes and technological defenses that are preventative or detective, and other controls designed to provide multiple layers of security assurance, there can be no guarantee that Nationwide, its service providers, or the underlying mutual funds will avoid losses affecting contracts due to cyber-attacks or information security breaches in the future.
In the event that Contract Values are adversely affected as a result of the failure of Nationwide’s cybersecurity controls, Nationwide will take reasonable steps to restore Contract Values to the levels that they would have been had the cyber-attack not occurred. Nationwide will not, however, be responsible for any adverse impact to Contract Values that result from the Contract Owner or its designee’s negligent acts or failure to use reasonably appropriate safeguards to protect against cyber-attacks.
Business Continuity Risks
Nationwide is exposed to risks related to natural and man-made disasters and catastrophes, such as storms, fires, earthquakes, public health crises and terrorist acts, which could adversely affect Nationwide’s ability to administer the contract. Natural and man-made disasters may require a significant contingent of Nationwide’s employees to work from remote locations. During these periods, Nationwide could experience decreased productivity, and a significant number of Nationwide’s workforce or certain key personnel may be unable to fulfill their duties if Nationwide’s data or systems are disabled or destroyed. In addition, an extended period of remote work arrangements could introduce operational risk and impair Nationwide’s ability to administer the contract.
Nationwide outsources certain critical business functions to third parties and, in the event of a natural or man-made disaster, relies upon the successful implementation and execution of the business continuity planning of such entities. While Nationwide closely monitors the business continuity activities of these third parties, successful implementation and
25

 

execution of their business continuity strategies are largely beyond Nationwide’s control. If one or more of the third parties to whom Nationwide outsources such critical business functions experience operational failures, Nationwide’s ability to administer the contract could be impaired.
Reservation of Rights
In addition to rights that Nationwide specifically reserves elsewhere in this prospectus, Nationwide reserves the right, subject to any applicable regulatory approvals, to perform any or all of the following:
• close Sub-Accounts to additional purchase payments on existing contracts or close Sub-Accounts for contracts purchased on or after specified dates. Changes of this nature will be made as directed by the underlying mutual funds or because Nationwide determines that the underlying mutual fund is no longer suitable (see Identification of Underlying Mutual Funds);
• make changes required by any change in the federal securities laws, including, but not limited to, the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, or any other changes to the Securities and Exchange Commission’s rules and regulations thereunder or interpretation thereof;
• make any changes necessary to maintain the status of the contracts as annuities under the Internal Revenue Code;
• make any changes required by federal or state laws with respect to annuity contracts; and
• suspend or discontinue sale of the contracts. The decision to suspend or discontinue sale of the contracts is made at Nationwide's discretion. Any decision of this nature would not impact current Contract Owners.
Contract Owners will be notified of any resulting changes by way of a supplement to the prospectus.
Following is a discussion of some relevant factors that may be of particular interest to prospective investors.
Distribution, Promotional, and Sales Expenses
Nationwide pays commissions to the firms that sell the contracts. The maximum gross commission that Nationwide will pay on the sale of the contracts is 7.00% of purchase payments. Note: The individual financial professionals typically receive only a portion of this amount; the remainder is retained by the firm. Nationwide may also, instead of a premium-based commission, pay an asset-based commission (sometimes referred to as "trails" or "residuals"), or a combination of the two.
In addition to or partially in lieu of commission, and to the extent permitted by SEC and FINRA rules and other applicable laws and regulations, Nationwide may also pay the selling firms a marketing allowance, which is based on the firm’s ability and demonstrated willingness to promote and market Nationwide’s products. How any marketing allowance is spent is determined by the firm, but generally will be used to finance firm activities that may contribute to the promotion and marketing of Nationwide’s products, which may include but not be limited to providing conferences or seminars, sales or training programs, advertising and sales campaigns regarding the contracts, and payments to assist a firm in connection with its administrative systems, operations and marketing expenses and/or other events or activities sponsored by the firms.
Nationwide may also host training and/or educational meetings including the cost of travel, accommodations and meals for firms that sell the contracts as well as assist such firms with marketing or advertisement costs.
For more information on the exact compensation arrangement associated with this contract, consult your financial professional.
Underlying Mutual Fund Service Fee Payments
Nationwide’s Relationship with the Underlying Mutual Funds
The underlying mutual funds incur expenses each time they sell, administer, or redeem their shares. The Variable Account aggregates Contract Owner purchase, redemption, and transfer requests and submits net or aggregated purchase/redemption requests to each underlying mutual fund on each Valuation Date. The Variable Account (not the Contract Owners) is the underlying mutual fund shareholder. When the Variable Account aggregates transactions, the underlying mutual fund does not incur the expense of processing individual transactions it would normally incur if it sold its shares directly to the public. Nationwide incurs these expenses instead.
26

 

Nationwide also incurs the distribution costs of selling the contract (as discussed above), which benefit the underlying mutual funds by providing Contract Owners with Sub-Account options that correspond to the underlying mutual funds.
An investment adviser or subadviser of an underlying mutual fund or its affiliates may provide Nationwide or its affiliates with wholesaling services that assist in the distribution of the contract and may pay Nationwide or its affiliates to participate in educational and/or marketing activities. These activities may provide the adviser or subadviser (or their affiliates) with increased exposure to persons involved in the distribution of the contract.
Types of Payments Nationwide Receives
In light of the above, the underlying mutual funds and their affiliates make certain payments to Nationwide or its affiliates (the "payments"). The amount of these payments is typically based on a percentage of assets invested in the underlying mutual funds attributable to the contracts and other variable contracts Nationwide and its affiliates issue, but in some cases may involve a flat fee. These payments are made for various purposes, including payments for the services provided and expenses incurred by the Nationwide companies in promoting, marketing and administering the contracts and underlying funds. Nationwide may realize a profit on the payments received.
Nationwide or its affiliates receive the following types of payments:
• Underlying mutual fund 12b-1 fees, which are deducted from underlying mutual fund assets;
• Sub-transfer agent fees or fees pursuant to administrative service plans adopted by the underlying mutual fund, which may be deducted from underlying mutual fund assets; and
• Payments by an underlying mutual fund’s adviser or subadviser (or its affiliates), from their own revenues. Such payments are not from underlying mutual fund assets. However, the revenues from which such payments are made may be derived from advisory fees, which are deducted from underlying mutual fund assets and are reflected in mutual fund charges.
Furthermore, Nationwide benefits from assets invested in Nationwide’s affiliated underlying mutual funds (i.e., Nationwide Variable Insurance Trust) because its affiliates also receive compensation from the underlying mutual funds for investment advisory, administrative, transfer agency, distribution, and/or other services provided. Thus, Nationwide may receive more revenue with respect to affiliated underlying mutual funds than unaffiliated underlying mutual funds.
Nationwide took into consideration the anticipated mutual fund service fee payments from the underlying mutual funds when it determined the charges imposed under the contracts (apart from fees and expenses imposed by the underlying mutual funds). Without these mutual fund service fee payments, Nationwide would have imposed higher charges under the contract.
Amount of Payments Nationwide Receives
For the year end December 31, 2020, the underlying mutual fund service fee payments Nationwide and its affiliates received from the underlying mutual funds did not exceed 0.75% (as a percentage of the average Daily Net Assets invested in the underlying mutual funds) offered through the contract or other variable contracts that Nationwide and its affiliates issue. Payments from investment advisers or subadvisers to participate in educational and/or marketing activities have not been taken into account in this percentage.
Most underlying mutual funds or their affiliates have agreed to make payments to Nationwide or its affiliates, although the applicable percentages may vary from underlying mutual fund to underlying mutual fund and some may not make any payments at all. Because the amount of the actual payments Nationwide and its affiliates receive depends on the assets of the underlying mutual funds attributable to the contract, Nationwide and its affiliates may receive higher payments from underlying mutual funds with lower percentages (but greater assets) than from underlying mutual funds that have higher percentages (but fewer assets).
For contracts owned by an employer sponsored retirement plan subject to ERISA, upon a plan trustee’s request, Nationwide will provide a best estimate of plan-specific, aggregate data regarding the amount of underlying mutual fund service fee payments Nationwide received in connection with the plan’s investments either for the previous calendar year or plan year, if the plan year is not the same as the calendar year.
Identification of Underlying Mutual Funds
Nationwide may consider several criteria when identifying the underlying mutual funds, including some or all of the following: investment objectives, investment process, risk characteristics, investment capabilities, experience and resources, investment consistency, fund expenses, asset class coverage, the alignment of the investment objectives of the underlying mutual fund with Nationwide’s hedging strategy, the strength of the adviser’s or subadviser’s reputation and
27

 

tenure, brand recognition, and the capability and qualification of each investment firm. Other factors Nationwide may consider during the identification process are: whether the underlying mutual fund’s adviser or subadviser is a Nationwide affiliate; whether the underlying mutual fund or its service providers (e.g. the investment adviser or subadvisers), or its affiliates will make mutual fund service fee payments to Nationwide or its affiliates in connection with certain administrative, marketing, and support services; or whether affiliates of the underlying mutual fund can provide marketing and distribution support for sales of the contracts. For additional information on these arrangements, see Types of Payments Nationwide Receives. Nationwide reviews the funds periodically and may remove a fund or limit its availability to new contributions and/or transfers of account value if Nationwide determines that a fund no longer satisfies one or more of the selection criteria, and/or if the fund has not attracted significant allocations from Contract Owners.
Nationwide does not recommend or endorse any particular fund and it does not provide investment advice.
There may be underlying mutual funds with lower fees and expenses, as well as other variable contracts that offer underlying mutual funds with lower fees and expenses. The purchaser should consider all of the fees and charges of the contract in relation to its features and benefits when making a decision to invest. Note: Higher contract and underlying mutual fund fees and expenses have a direct effect on and may lower investment performance.
Treatment of Unclaimed Property
Every state has unclaimed property laws which generally declare annuity contracts to be abandoned after a period of inactivity of three to five years from the contract's Annuity Commencement Date or the date Nationwide becomes informed that a death benefit is due and payable. For example, if the payment of a death benefit has been triggered, but, if after a thorough search, Nationwide is still unable to locate the beneficiary of the death benefit, or the beneficiary does not come forward to claim the death benefit in a timely manner, the death benefit will be surrendered and placed in a non-interest bearing account. While in the non-interest bearing account, Nationwide will continue to perform due diligence required by state law. Once the state mandated period has expired, Nationwide will escheat the death benefit to the abandoned property division or unclaimed property office of the state in which the beneficiary or the Contract Owner last resided, as shown on Nationwide’s books and records, or to Ohio, Nationwide’s state of domicile. If a claim is subsequently made, the state is obligated to pay any such amount (without interest) to the designated recipient upon presentation of proper documentation.
To prevent escheatment, it is important to update beneficiary designations - including complete names, complete addresses, phone numbers, and social security numbers - as they change. Such updates should be sent to the Service Center.
Profitability
Nationwide does consider profitability when determining the charges in the contract. In early Contract Years, Nationwide does not anticipate earning a profit, since that is a time when administrative and distribution expenses are typically higher. Nationwide does, however, anticipate earning a profit in later Contract Years. In general, Nationwide’s profit will be greater the higher the investment return and the longer the contract is held.
Contract Modification
Nationwide may modify the contract, but no modification will affect the amount or term of any contract unless a modification is required to conform the contract to applicable federal or state law. No modification will affect the method by which Contract Value is determined.
Standard Charges and Deductions
Mortality and Expense Risk Charge
Nationwide deducts a Mortality and Expense Risk Charge equal to an annualized rate of 0.95% of the Daily Net Assets. The Mortality and Expense Risk Charge compensates Nationwide for providing the insurance benefits under the contract, including the contract's standard death benefit. It also compensates Nationwide for assuming the risk that Annuitants will live longer than assumed. Finally, the Mortality and Expense Risk Charge compensates Nationwide for guaranteeing that charges will not increase regardless of actual expenses. Nationwide may realize a profit from this charge.
28

 

Administrative Charge
Nationwide deducts an Administrative Charge equal to an annualized rate of 0.20% of the Daily Net Assets. The Administrative Charge reimburses Nationwide for administrative costs it incurs resulting from providing contract benefits, including preparation of the contract and prospectus, confirmation statements, annual account statements and annual reports, legal and accounting fees, as well as various related expenses. Nationwide may realize a profit from this charge.
Contract Maintenance Charge
A $30 Contract Maintenance Charge is assessed on each Contract Anniversary and upon full surrender of the contract.
This charge reimburses Nationwide for administrative expenses involved in issuing and maintaining the contract. If on any Contract Anniversary (or on the date of a full surrender) the Contract Value is $50,000 or more, Nationwide will waive the Contract Maintenance Charge from that point forward.
The deduction of the Contract Maintenance Charge will be taken proportionally from each Sub-Account and the Fixed Account based on the value in each option as compared to the total Contract Value.
Nationwide will not reduce or eliminate the Contract Maintenance Charge where it would be discriminatory or unlawful.
Contingent Deferred Sales Charge
No sales charge deduction is made from purchase payments upon deposit into the contract. However, if any part of the contract is withdrawn, Nationwide may deduct a CDSC. The CDSC will not exceed 7% of purchase payments withdrawn. For contracts that have not elected the Liquidity Option, the standard CDSC schedule applies. The CDSC is calculated by multiplying the applicable CDSC percentage shown in Table 1 by the amount of purchase payments withdrawn. For purposes of calculating the CDSC, withdrawals are considered to come first from the oldest purchase payment made to the contract, then the next oldest purchase payment, and so forth. CDSC provisions vary by state. Refer to the contract for state specific information.
Table 1
Standard CDSC Schedule
Number of Completed Years from Date of Purchase Payment   0   1   2   3   4   5   6   7+
CDSC Percentage
   7%   7%   6%   5%   4%   3%   2%   0%
For contracts that have elected the Liquidity Option, the standard CDSC schedule is replaced with a reduced CDSC schedule. The CDSC is calculated by multiplying the applicable CDSC percentage shown in Table 2 by the amount of purchase payments withdrawn.
Table 2
Liquidity Option CDSC Schedule
Number of Completed Years from Date of Contract Issuance   0   1   2   3   4+
CDSC Percentage
   7%   7%   6%   5%   0%
Earnings are not subject to the CDSC, but may not be distributed prior to the distribution of all purchase payments. (For tax purposes, a withdrawal is usually treated as a withdrawal of earnings first.)
The CDSC is used to cover sales expenses, including commissions, production of sales material, and other promotional expenses. If expenses are greater than the CDSC, the shortfall will be made up from Nationwide’s general assets, which may indirectly include portions of the Variable Account charges, since Nationwide may generate a profit from these charges.
All or a portion of any withdrawal may be subject to federal income taxes. Contract Owners taking withdrawals before age 59½ may be subject to a 10% penalty tax.
Additional purchase payments made to the contract after receiving the benefit of the Spousal Protection Feature are subject to the same CDSC provisions that were applicable prior to receiving the benefit of the Spousal Protection Feature. However, no CDSC will apply to purchase payments made prior to the death of the first spouse.
29

 

Waiver of Contingent Deferred Sales Charge
The maximum amount that can be withdrawn annually without a CDSC is the greatest of:
(1) 10% of the net difference of purchase payments that are subject to CDSC minus purchase payments previously withdrawn that were subject to CDSC;
(2) any amount withdrawn to meet minimum distribution requirements for this contract under the Internal Revenue Code; or
(3) for those contracts with the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, Nationwide Lifetime Income Rider Plus Max, 7% Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture option, or Nationwide Lifetime Income Track option, withdrawals up to the annual benefit amount.
This CDSC-free withdrawal privilege is non-cumulative. Free amounts not taken during any given Contract Year cannot be taken as free amounts in a subsequent Contract Year.
Note: CDSC-free withdrawals do not count as "purchase payments previously withdrawn that were subject to CDSC" and, therefore, do not reduce the amount used to calculate subsequent CDSC-free withdrawal amounts.
In addition, no CDSC will be deducted:
(1) upon the annuitization of contracts which have been in force for at least two years;
(2) upon payment of a death benefit; or
(3) from any values for which the applicable CDSC period has expired:
(a) for those contracts without the Liquidity Option, purchase payments held for at least seven years from the date of allocation to the contract; and
(b) for those contracts with the Liquidity Option, for any withdrawals after the end of the fourth Contract Year.
No CDSC applies to transfers between or among the various investment options in the contract.
A contract held by a Charitable Remainder Trust (within the meaning of Internal Revenue Code Section 664) may withdraw the greater of (i) the amount available under the CDSC-free withdrawal privilege described above, and (ii) the difference between:
(a) the Contract Value at the close of the day prior to the date of the withdrawal; and
(b) the total purchase payments made to the contract as of the date of the withdrawal (less an adjustment for amounts previously withdrawn).
The CDSC will not be eliminated if to do so would be unfairly discriminatory or prohibited by state law.
The CDSC-free withdrawal privilege does not apply to full surrenders of the contract. For purposes of the CDSC-free withdrawal privilege, a full surrender is:
• multiple withdrawals taken within a Contract Year that deplete the entire Contract Value; or
• any single net withdrawal of 90% or more of the Contract Value.
Premium Taxes
The state or other governmental entities charge premium tax on purchase payments. Nationwide will charge against the Contract Value any premium taxes levied by a state or other government entity. The premium tax rate is currently 0%. This rate is subject to change. Nationwide will assess premium taxes to the contract at the time Nationwide is assessed the premium taxes by the state. Premium taxes may be deducted from death benefit proceeds.
Optional Contract Benefits, Charges, and Deductions
For an additional charge, the following optional benefits are available to applicants.
30

 

Reduced CDSC Option ("Liquidity Option")
For contracts issued on or after May 1, 2014, or the date of state approval (whichever is later), for an additional charge equal to an annualized rate of 0.50% of the Daily Net Assets, an applicant may elect the Liquidity Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with the Liquidity Option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until the end of the fourth Contract Year. Nationwide may realize a profit from the charge assessed for this option.
If the Liquidity Option is elected, subsequent purchase payments are only permitted during the first Contract Year.
Election of the Liquidity Option replaces the contract’s standard seven year CDSC schedule with a four year CDSC schedule. The Liquidity Option CDSC schedule applies as follows:
Number of Completed Years from Date of Contract Issuance   0   1   2   3   4+
CDSC Percentage
   7%   7%   6%   5%   0%
Under this option, CDSC will not exceed 7% of purchase payments withdrawn and no CDSC will be assessed on any withdrawal taken after the end of the fourth Contract Year.
One-Year Enhanced Death Benefit Option
For an additional charge at an annualized rate of 0.20% of the Daily Net Assets, an applicant can elect the One-Year Enhanced Death Benefit Option. The One-Year Enhanced Death Benefit Option is only available for contracts with Annuitants age 80 or younger at the time of application. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.
If the Annuitant dies prior to the Annuitization Date and the total of all purchase payments made to the contract is less than or equal to $3,000,000, the death benefit will be the greatest of:
(1) the Contract Value as of the date that Nationwide receives all the information necessary to pay the death benefit;
(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or
(3) the highest Contract Value on any Contract Anniversary prior to the Annuitant's 86th birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary.
Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).
Note: For Contract Owners who have elected this option, if the total of all purchase payments made to the contract is greater than $3,000,000, the death benefit calculation will be adjusted as described in the Death Benefit Calculations provision.
The One-Year Enhanced Death Benefit Option also includes the Spousal Protection Feature, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse.
Optional Living Benefits
An applicant may elect one of the available optional living benefits under the contract at the time of application. If an applicant elects an optional living benefit, Nationwide will deduct an additional charge as applicable for the elected living benefit. The optional living benefits available under the contract include:
• Nationwide Lifetime Income Rider Plus Core
• Nationwide Lifetime Income Rider Plus Accelerated
• Nationwide Lifetime Income Rider Plus Max
• 7% Nationwide Lifetime Income Rider (no longer available for election)
• Nationwide Lifetime Income Capture option (no longer available for election)
• Nationwide Lifetime Income Track option (no longer available for election)
31

 

Each of the optional living benefits has limitations and restrictions as discussed herein. Before selecting an optional living benefit, consult with a qualified financial professional to determine which option is best based on the Contract Owner’s individual financial situation and needs.
Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max
The Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max (collectively, the "Nationwide L.inc Plus" or "Nationwide L.inc+" Riders) are substantially similar living benefits; however, the Nationwide L.inc Plus Riders offer distinct benefits based upon differences in the applicable Roll-up Interest Rate, Roll-up Crediting Period, Lifetime Withdrawal Percentages, and/or permitted investment options, as discussed herein.
The Nationwide L.inc Plus Riders provide for Lifetime Withdrawals, up to a certain amount each calendar year, even after the Contract Value is $0, provided that the Contract Owner does not deplete the Current Income Benefit Base by taking excess withdrawals. Investment restrictions apply. The age of the person upon which the benefit depends (the "determining life") must be between 50 and 85 years old at the time of application. For most contracts, the determining life is that of the Contract Owner. For those contracts where the Contract Owner is a non-natural person, for purposes of this option, the determining life is that of the Annuitant, and all references in this option to "Contract Owner" shall mean Annuitant. If, in addition to the Annuitant, a Co-Annuitant or joint annuitant has been elected, the determining life will be that of the primary Annuitant as named on the application. The determining life may not be changed.
Availability
For contracts with applications signed on or after June 1, 2020, the Nationwide L.inc Plus Riders are available under the contract at the time of application. Only one optional living benefit may be elected. Once elected, the Nationwide L.inc Plus Riders are irrevocable. The Nationwide L.inc Plus Riders are not available on beneficially owned contracts – those contracts that are inherited by a beneficiary and the beneficiary continues to hold the contract as a beneficiary (as opposed to treating the contract as his/her own) for tax purposes. However, if such contract becomes beneficially owned by the spouse of the Contract Owner, and the Joint Option for that Nationwide L.inc Plus Rider is elected, then the spouse may keep the applicable Nationwide L.inc Plus Rider. However, once a contract becomes beneficially owned, the contract will not receive the benefit of the RMD privilege discussed later in this section.
Rider Charge
In exchange for Lifetime Withdrawals, Nationwide will assess an annual charge not to exceed 1.50% of the Current Income Benefit Base. Currently, the charge for the Nationwide L.inc Plus Riders is 1.30% of the Current Income Benefit Base. The current charge will not change, except, possibly, upon the Contract Owner’s election to reset the benefit base, as discussed herein. If the current charge does change, it will not exceed the maximum charge of 1.50% of the Current Income Benefit Base.
The charge will be assessed on each Contract Anniversary and will be deducted via redemption of Accumulation Units. The charge will be assessed until annuitization. A prorated charge will also be deducted upon full surrender of the contract. Accumulation Units will be redeemed proportionally from each Sub-Account in which the Contract Owner is invested at the time the charge is taken. Amounts redeemed as the Nationwide L.inc Plus Rider charge will not negatively impact calculations associated with other benefits elected or available under the contract, will not be subject to a CDSC, and will not reduce amounts available under the CDSC-free withdrawal privilege.
Investment Restrictions
Election of one of the Nationwide L.inc Plus Riders requires that the Contract Owner, until annuitization, allocate the entire Contract Value to a limited set of investment options currently available in the contract, or if the Custom Choice Asset Rebalancing Service is elected (see Custom Choice Asset Rebalancing Service), all underlying mutual funds currently available in the contract are permitted subject to applicable allocation limitations of Custom Choice. For the list of available investment options, see Income Benefit Investment Options. Allocation requests to investment options other than those listed in the Income Benefit Investment Options section will not be honored; they will be treated as though no allocation request was submitted. Nationwide may offer Dollar Cost Averaging for Living Benefits described in the Contract Owner Services provision. Allocation to the Fixed Account is not permitted (except as the originating account when the Contract Owner elects Dollar Cost Averaging for Living Benefits). Additionally, if this option is elected, contract loans are unavailable.
32

 

Transfers Among Permitted Investment Options
The Contract Owner may reallocate the Contract Value among the limited set of investment options in accordance with the Transfers Prior to Annuitization provision. The Contract Owner may reallocate the Contract Value within the Custom Choice Asset Rebalancing Service in accordance with that provision. Additionally, Contract Owners may change from the Custom Choice Asset Rebalancing Service to the permitted investment options, and vice versa.
Subsequent Purchase Payments
Currently, subsequent purchase payments are permitted under the Nationwide L.inc Plus Riders as long as the Contract Value is greater than $0. Any subsequent purchase payments will increase the Current Income Benefit Base by the amount of the purchase payment submitted.
Nationwide reserves the right to reject subsequent purchase payments in the event subsequent purchase payments create a financial risk that Nationwide is unwilling to bear. This reservation of right may limit the amount a Contract Owner can invest in the contract. Contract Owners should consider this reservation of right when making the initial purchase payment. If Nationwide exercises this right to refuse purchase payments, the restriction will apply to all Contract Owners who have purchased the Nationwide L.inc Plus Rider, and the entire purchase payment will be immediately returned to the Contract Owner in the same form in which it was received. Generally, Nationwide may invoke this right in times of economic instability in the United States economy. Nationwide will notify Contract Owners if subsequent purchase payments are no longer being accepted, and Contract Owners may contact the Service Center to find out if Nationwide will accept subsequent purchase payments.
Rate Sheet Supplements for the Nationwide L.inc Plus Riders
For contracts with applications signed on or after the date of the prospectus, the Roll-up Interest Rate, Roll-up Crediting Period, and Lifetime Withdrawal Percentages are disclosed in the Rate Sheet Supplement that is attached to the front of this prospectus delivered to you. In order to receive the applicable Roll-up Interest Rate, Roll-up Crediting Period, and Lifetime Withdrawal Percentages stated in a Rate Sheet Supplement, the application must be signed and received in good order by Nationwide within the stated time period during which that Rate Sheet Supplement remains in effect. The Roll-up Interest Rate, Roll-up Crediting Period, and Lifetime Withdrawal Percentages applicable in time periods other than the time period when the application is signed are not applicable to the contract. Nationwide reserves the right to change the Roll-up Interest Rate, Roll-up Crediting Period, and Lifetime Withdrawal Percentages at any time; however, Nationwide will not change the Roll-up Interest Rate, Roll-up Crediting Period, and Lifetime Withdrawal Percentages for contracts once issued. You should not purchase the contract without first obtaining the applicable Rate Sheet Supplement that contains the Roll-up Interest Rate, Roll-up Crediting Period, and Lifetime Withdrawal Percentages that are applicable at the time. All Rate Sheet Supplements are available by contacting the Service Center, and also are available on the SEC’s EDGAR system at www.sec.gov (file number: 333-177731).
For contracts with applications signed prior to the date of the prospectus, see Appendix F: Historical Rates, Periods, and Percentages.
Determination of the Income Benefit Base Prior to the First Lifetime Withdrawal
Upon contract issuance, the Original Income Benefit Base is equal to the Contract Value. Thereafter, Nationwide tracks, on a continuous basis, the Current Income Benefit Base which is used to calculate the benefit amount. The Current Income Benefit Base from the date of contract issuance until the first Lifetime Withdrawal will reflect any additional purchase payments, Purchase Payment Credits, reset opportunities, and if elected, a Non-Lifetime Withdrawal, as described below.
The Roll-up Interest Rate and Roll-up Crediting Period (discussed herein) are disclosed in the Rate Sheet Supplement that is attached to the front of this prospectus delivered to you. For additional information on Rate Sheet Supplements, see Rate Sheet Supplements for the Nationwide L.inc Plus Riders.
Provided no withdrawals are taken from the contract, the Current Income Benefit Base for the Nationwide L.inc Plus Riders will equal the greater of:
(1) Highest Contract Value: the highest Contract Value on any Contract Anniversary plus purchase payments submitted and Purchase Payment Credits applied after that Contract Anniversary; or
(2) Roll-up Value: the roll-up amount, which is equal to the sum of the following calculations:
(a) Original Income Benefit Base with Roll-up: the Original Income Benefit Base, plus the Roll-up Interest Rate based on the Original Income Benefit Base for each Contract Anniversary up to and including the Contract Anniversary after the Roll-up Crediting Period; plus
33

 

(b) Subsequent Purchase Payments with Roll-up: any purchase payments submitted and Purchase Payment Credits applied after contract issuance and before the Contract Anniversary after the Roll-up Crediting Period, increased by simple interest at an annual rate of the Roll-up Interest Rate each year from the date the subsequent purchase payments and/or Purchase Payment Credits are applied through the Contract Anniversary after the Roll-up Crediting Period; plus
(c) Subsequent Purchase Payments with No Roll-up: any purchase payments submitted and Purchase Payment Credits applied after the Contract Anniversary after the Roll-up Crediting Period.
If a Non-Lifetime Withdrawal is taken on or before the Contract Anniversary after the Roll-up Crediting Period, the Current Income Benefit Base for the Nationwide L.inc Plus Riders will equal the greatest of:
(1) Adjusted Current Income Benefit Base: the Current Income Benefit Base immediately before the Non-Lifetime Withdrawal, proportionally reduced as described in the Non-Lifetime Withdrawal section;
(2) Highest Contract Value: the highest Contract Value on any Contract Anniversary on or after the Non-Lifetime Withdrawal, plus purchase payments submitted and any Purchase Payment Credits applied after that Contract Anniversary; or
(3) Roll-up Value: the adjusted roll-up amount, which is equal to the sum of the following calculations:
(a) Adjusted Roll-up Income Benefit Base with Roll-up: the Adjusted Roll-up Income Benefit Base, plus the Roll-up Interest Rate based on the Adjusted Roll-up Income Benefit Base for each Contract Anniversary up to and including the Contract Anniversary after the Roll-up Crediting Period; plus
(b) Subsequent Purchase Payments with Roll-up: the sum of the following calculations:
(aa) Before the Non-Lifetime Withdrawal: any purchase payments submitted and Purchase Payment Credits applied after contract issuance and before the Non-Lifetime Withdrawal, proportionally reduced as described in the Non-Lifetime Withdrawal section, increased by simple interest at an annual rate of the Roll-up Interest Rate each year from the date the subsequent purchase payments and/or Purchase Payment Credits are applied through the Contract Anniversary after the Roll-up Crediting Period; plus
(bb) After the Non-Lifetime Withdrawal and before the Contract Anniversary after the Roll-up Crediting Period: any purchase payments submitted and Purchase Payment Credits applied on or after the Non-Lifetime Withdrawal and before the Contract Anniversary after the Roll-up Crediting Period, increased by simple interest at an annual rate of the Roll-up Interest Rate each year from the date the subsequent purchase payments and/or Purchase Payment Credits are applied through the Contract Anniversary after the Roll-up Crediting Period; plus
(c) Subsequent Purchase Payments with No Roll-up: any purchase payments submitted and Purchase Payment Credits applied after the Contract Anniversary after the Roll-up Crediting Period.
If a Non-Lifetime Withdrawal is taken after the Contract Anniversary after the Roll-up Crediting Period, the Current Income Benefit Base for the Nationwide L.inc Plus Riders will equal the greatest of:
(1) Adjusted Current Income Benefit Base: the Current Income Benefit Base immediately before the Non-Lifetime Withdrawal, proportionally reduced as described in the Non-Lifetime Withdrawal section;
(2) Roll-up Value: the adjusted roll-up amount, which is equal to the sum of the following calculations:
(a) Adjusted Roll-up Income Benefit Base with Roll-up: the Adjusted Roll-up Income Benefit Base, plus the Roll-up Interest Rate based on the Adjusted Roll-up Income Benefit Base for each Contract Anniversary up to and including the Contract Anniversary after the Roll-up Crediting Period; plus
(b) Subsequent Purchase Payments with Roll-up: any purchase payments submitted and Purchase Payment Credits applied after contract issuance and before the Contract Anniversary after the Roll-up Crediting Period, proportionally reduced as described in the Non-Lifetime Withdrawal section, increased by simple interest at an annual rate of the Roll-up Interest Rate each year from the date the subsequent purchase payments and/or Purchase Payment Credits are applied through the Contract Anniversary after the Roll-up Crediting Period; plus
(c) Subsequent Purchase Payments with No Roll-up: the sum of the following calculations:
34

 

(aa) After the Contract Anniversary after the Roll-up Crediting Period and before the Non-Lifetime Withdrawal: any purchase payments submitted and Purchase Payment Credits applied after the Contract Anniversary after the Roll-up Crediting Period and before the Non-Lifetime Withdrawal, proportionally reduced as described in the Non-Lifetime Withdrawal section; plus
(bb) After the Non-Lifetime Withdrawal: any purchase payments submitted and Purchase Payment Credits applied on or after the Non-Lifetime Withdrawal; or
(3) Highest Contract Value: the highest Contract Value on any Contract Anniversary after the Contract Anniversary after the Roll-up Crediting Period, plus purchase payments submitted and Purchase Payment Credits applied after that Contract Anniversary.
When a purchase payment and any Purchase Payment Credits are applied on a date other than a Contract Anniversary, simple interest is calculated using a prorated method based upon the number of days from the date of the purchase payment to the next Contract Anniversary. However, if at any time prior to the first Lifetime Withdrawal the Contract Value equals $0, no additional purchase payments will be accepted and no further benefit base calculations will be made. The Current Income Benefit Base will be set equal to the benefit base calculated on the most recent Contract Anniversary minus adjustments made for excess withdrawals after that date, and the Lifetime Withdrawal Amount will be based on that Current Income Benefit Base. Since the roll-up is only calculated for the duration of the Roll-up Crediting Period or prior to the first Lifetime Withdrawal, whichever comes first, any purchase payments the Contract Owner makes during that time period will increase the Current Income Benefit Base more than purchase payments made after that time period.
Non-Lifetime Withdrawal
After the first Contract Anniversary, the Contract Owner may request a one-time withdrawal ("Non-Lifetime Withdrawal") without initiating the lifetime income benefit under the Nationwide L.inc Plus Riders. The Non-Lifetime Withdrawal will not lock in the Lifetime Withdrawal Percentage and will not stop the simple interest roll-up (the Roll-up Interest Rate). However, the Non-Lifetime Withdrawal will reduce the Current Income Benefit Base, and consequently, the Lifetime Withdrawal Amount calculated for subsequent years. As with all withdrawals, a Non-Lifetime Withdrawal will reduce the Contract Value and death benefit. In addition, it will be subject to the CDSC provisions of the contract. A Non-Lifetime Withdrawal cannot be taken after the Contract Owner initiates the Lifetime Withdrawals.
A Non-Lifetime Withdrawal will cause a reduction to three factors used to calculate the Lifetime Withdrawal Amount: (1) the Current Income Benefit Base; (2) the Original Income Benefit Base (resulting in the Adjusted Roll-up Income Benefit Base); and (3) Subsequent purchase payments and Purchase Payment Credits applied before the Non-Lifetime Withdrawal. All three factors are reduced by a figure representing the proportional amount of the withdrawal, as follows:
Reduction to Current Income
Benefit Base 		= Gross dollar
amount of the Non-Lifetime
Withdrawal 		X Current Income Benefit Base
prior to the Non-Lifetime Withdrawal
Contract Value (prior to the Non-
Lifetime Withdrawal)
    
Reduction to Original Income
Benefit Base 		= Gross dollar
amount of the Non-Lifetime
Withdrawal 		X Original Income Benefit Base
Contract Value (prior to the Non-
Lifetime Withdrawal)
    
Reduction to subsequent
purchase payments and
Purchase Payment Credits
applied before
the Non-Lifetime Withdrawal 		= Gross dollar
amount of the Non-Lifetime
Withdrawal 		X Subsequent purchase payments and
Purchase Payment Credits applied before
the Non-Lifetime Withdrawal
Contract Value (prior to the Non-
Lifetime Withdrawal)
All Non-Lifetime Withdrawal requests must be made on a Nationwide form which is available by contacting the Service Center. If the Contract Owner requests a withdrawal without using the Nationwide form, the withdrawal request will be treated as a Lifetime Withdrawal request and will not be treated as a request for a Non-Lifetime Withdrawal.
35

 

Lifetime Withdrawals
At any time after a Nationwide L.inc Plus Rider is elected, the Contract Owner may begin taking the lifetime income benefit by taking a Lifetime Withdrawal from the contract. Unless the Contract Owner requests a one-time Non-Lifetime Withdrawal, the first withdrawal under the contract constitutes the first Lifetime Withdrawal, even if such withdrawal is taken to meet minimum distribution requirements under the Internal Revenue Code or is taken to pay advisory or investment management fees. Nationwide will surrender Accumulation Units proportionally from the Sub-Accounts as of the date of the withdrawal request. As with any withdrawal, Lifetime Withdrawals reduce the Contract Value and consequently, the amount available for annuitization.
At the time of the first Lifetime Withdrawal, the Roll-up Interest Rate terminates and the Current Income Benefit Base is locked in and will not change unless the Contract Owner takes excess withdrawals, elects a reset opportunity (both discussed later in this provision), or submits additional purchase payments. Additional purchase payments submitted after the first Lifetime Withdrawal from the contract will increase the Current Income Benefit Base by the amount of the purchase payment.
The applicable Lifetime Withdrawal Percentage is determined as follows:
(1) Nationwide Lifetime Income Rider Plus Core – For the Nationwide Lifetime Income Rider Plus Core, the applicable Lifetime Withdrawal Percentage is determined based on the age of the Contract Owner at the time of the first Lifetime Withdrawal. In contrast to the Nationwide Lifetime Income Rider Plus Accelerated and Nationwide Lifetime Income Rider Plus Max, Nationwide Lifetime Income Rider Plus Core uses a single applicable Lifetime Withdrawal Percentage, that once established, will not change for the life of the contract.
(2) Nationwide Lifetime Income Rider Plus Accelerated and Nationwide Lifetime Income Rider Plus Max – For the Nationwide Lifetime Income Rider Plus Accelerated and Nationwide Lifetime Income Rider Plus Max, two applicable Lifetime Withdrawal Percentages are used – the first that is applicable when the Contract Value is greater than $0, and the second that becomes applicable once the Contract Value reaches $0. Both of the applicable Lifetime Withdrawal Percentages (for Contract Value greater than $0, and once Contract Value reaches $0) are determined based on the age of the Contract Owner at the time of the first Lifetime Withdrawal, and once established, will not change for the life of the contract.
The Lifetime Withdrawal Percentages are disclosed in the Rate Sheet Supplement that is attached to the front of this prospectus delivered to you. For additional information on Rate Sheet Supplements, see Rate Sheet Supplements for the Nationwide L.inc Plus Riders.
For contracts that elect the Joint Option for that Nationwide L.inc Plus Rider, the Lifetime Withdrawal Percentages will be equal to or less than the Lifetime Withdrawal Percentages for the corresponding Nationwide L.inc Plus Rider.
Note: The Internal Revenue Code requires that IRAs, SEP IRAs, Simple IRAs, and Investment-Only Contracts begin distributions no later than April 1 of the calendar year following the calendar year in which the Contract Owner reaches age 70½ (age 72 for those Contract Owners who turn age 72 on or after January 1, 2020). Contract Owners subject to minimum required distribution rules may not be able to take advantage of the Lifetime Withdrawal Percentages available at higher age bands if distributions are taken from the contract to meet these Internal Revenue Code requirements. Contract Owners who elect not to take minimum required distributions from this contract, i.e., they take minimum required distributions from other sources, may be able to take advantage of Lifetime Withdrawal Percentages at the higher age bands. Consult a qualified tax advisor for more information.
At the time of the first Lifetime Withdrawal and for each calendar year thereafter, the applicable Lifetime Withdrawal Percentage is multiplied by the Current Income Benefit Base to determine the Lifetime Withdrawal Amount for that calendar year. The Lifetime Withdrawal Amount is the maximum amount that can be withdrawn from the contract during the next calendar year without reducing the Current Income Benefit Base. If the contract is issued in the same calendar year as the first Lifetime Withdrawal, then the Lifetime Withdrawal Amount for the first calendar year will be prorated based upon the number of calendar days from the date the contract was issued to the end of the calendar year (December 31st). To determine the prorated Lifetime Withdrawal Amount, the number of calendar days from the date the contract was issued to the end of the calendar year is divided by 365, and then that result is multiplied by the non-prorated Lifetime Withdrawal Amount. For example, assume a contract is issued on July 1 and a Contract Owner elects to take the first Lifetime Withdrawal before December 31 of the same calendar year that the contract is issued. Also assume that at the time of the first Lifetime Withdrawal the non-prorated Lifetime Withdrawal Amount is $12,000. Here, the prorated Lifetime Withdrawal Amount would be $6,049 (184 days ÷ 365 days x $12,000).
36

 

The ability to withdraw the Lifetime Withdrawal Amount will continue until the earlier of the Contract Owner’s death or annuitization.
In addition, for the Nationwide Lifetime Income Rider Plus Accelerated and Nationwide Lifetime Income Rider Plus Max, if the Contract Value reaches $0, the applicable Lifetime Withdrawal Percentage will switch from the Lifetime Withdrawal Percentage applicable when Contract Value is greater than $0 to the Lifetime Withdrawal Percentage applicable once Contract Value reaches $0, as established at the time of the first Lifetime Withdrawal. If the Contract Value reaches zero due to a Lifetime Withdrawal, or on any Contract Anniversary as a result of the Variable Account charges or the Nationwide L.inc Plus Rider charge, the Lifetime Withdrawal Percentage will not switch to the Lifetime Withdrawal Percentage applicable once Contract Value reaches $0 until the immediately subsequent calendar year.
The following is an example of the Contract Value reaching $0 due to a Lifetime Withdrawal, and the switching of the Lifetime Withdrawal Percentages for the Nationwide Lifetime Income Rider Plus Accelerated or Nationwide Lifetime Income Rider Plus Max:
Assume a Contract Owner purchases a contract on April 1, 2020 for $100,000. On April 1, 2023, assume the contract stands as follows:
Total purchase payments:
 $100,000
Contract Value:
 $103,929
Roll-up Interest Rate:
 6.00%
Current Income Benefit Base:
 $118,000
Assume the Contract Owner elects to begin lifetime income, taking the first Lifetime Withdrawal on January 1, 2024. At the time of the first Lifetime Withdrawal, assume the applicable Lifetime Withdrawal Percentages are 5.50% for Contract Value greater than $0 and 3.00% for once Contract Value reaches $0. Assuming no change to the Current Income Benefit Base from April 1, 2023, the Lifetime Withdrawal Amount would be $6,490 ($118,000 x 0.055).
Thereafter, assume the Contract Owner takes the full Lifetime Withdrawal Amount of $6,490 on January 1 of each calendar year.
On January 1, 2039, assume that the Contract Value is now $6,037. The Contract Owner can again take the full Lifetime Withdrawal Amount of $6,490 on January 1, 2039, which would then reduce the Contract Value to $0.
On January 1, 2040, assuming the Current Income Benefit Base is still $118,000, the new Lifetime Withdrawal Amount would be $3,540 ($118,000 x .03).
The Contract Owner can elect to set up Systematic Withdrawals or can request each Lifetime Withdrawal separately. All Lifetime Withdrawal requests must be made on a Nationwide form available by contacting the Service Center.
Generally, each calendar year’s Lifetime Withdrawal Amount is non-cumulative, except where the Income Carryforward privilege (discussed below) applies. Unless the Income Carryforward privilege applies, a Contract Owner cannot take a previous calendar year’s Lifetime Withdrawal Amount in a subsequent calendar year without causing an excess withdrawal (discussed herein) that will reduce the Current Income Benefit Base. Although Lifetime Withdrawals up to the Lifetime Withdrawal Amount do not reduce the Current Income Benefit Base, they do reduce the Contract Value and the death benefit.
Income Carryforward
The Nationwide L.inc Plus Riders include an Income Carryforward privilege whereby Nationwide permits a Contract Owner to withdraw any part of the Lifetime Withdrawal Amount not taken in a given calendar year (the Income Carryforward amount) in the next calendar year, and the next calendar year only. Lifetime Withdrawals first reduce any available Income Carryforward amount. In addition, the Income Carryforward amount is non-cumulative, and therefore will be forfeited if not withdrawn in the calendar year when available; the Income Carryforward amount cannot be carried over from one year to the next. Any amounts available under the Income Carryforward privilege are not treated as excess withdrawals.
The Income Carryforward amount available in any given calendar year is not adjusted as a result of any additional purchase payments or reset opportunities during that year.
The following is an example of how the Income Carryforward privilege may apply:
37

 

Assume a Contract Owner purchases a contract on April 1, 2020 for $100,000, with a Roll-up Interest Rate of 6.00%. On April 1, 2021, assume the Current Income Benefit Base is $106,000 ($100,000 x 0.06). In May of 2021, assume the Contract Owner elects to begin lifetime income, taking the first Lifetime Withdrawal on May 1, 2021. At the time of the first Lifetime Withdrawal, assume the applicable Lifetime Withdrawal Percentage is 4.00%. Assuming no change to the Current Income Benefit Base from April 1, 2020, the Lifetime Withdrawal Amount would be $4,240 ($106,000 x 0.04).
Thereafter, assume the following withdrawal activity:
  Withdrawal
Activity 		  Before
Withdrawal Processing 		  After
Withdrawal Processing 		   
  Lifetime
Withdrawals 		  Income
Carryforward
Amount 		  Lifetime
Withdrawal
Amount 		  Income
Carryforward
Amount 		  Lifetime
Withdrawal
Amount 		 
May 1, 2021
 $3,000   $ 0   $4,240   $ 0   $1,240 The portion of the Lifetime Withdrawal Amount not taken in 2021 is the Income Carryforward amount for 2022.
January 1, 2022
     --   --   $1,240   $4,240  
March 1, 2022
 $1,000   $1,240   $4,240   $ 240   $4,240 Lifetime Withdrawals first reduce any available Income Carryforward amount.
July 1, 2022
 $4,000   $ 240   $4,240   $ 0   $ 480 The Income Carryforward amount can be taken in one or multiple withdrawals during the year.
January 1, 2023
     --   --   $ 480   $4,240  
June 1, 2023
 $4,720   $ 480   $4,240   $ 0   $ 0 The entire Lifetime Withdrawal Amount is taken in 2023, so there is no Income Carryforward amount for 2024.
January 1, 2024
     --   --   $ 0   $4,240  
February 1, 2024
 $3,000   $ 0   $3,000   $ 0   $1,240 The portion of the Lifetime Withdrawal Amount not taken in 2024 is the Income Carryforward amount for 2025.
January 1, 2025
     --   --   $1,240   $4,240  
December 31, 2025
 $1,000   $1,240   $4,240   $ 240   $4,240 The Income Carryforward amount is forfeited if not withdrawn in the calendar year in which it is available.
January 1, 2026
     --   --   $4,240   $4,240  
September 1, 2026
 $2,000   $4,240   $4,240   $2,240   $4,240  
Impact of Withdrawals in Excess of the Lifetime Withdrawal Amount
The Contract Owner is permitted to withdraw Contract Value in excess of that year’s Lifetime Withdrawal Amount provided that the Contract Value is greater than $0. Withdrawals in excess of the Lifetime Withdrawal Amount will reduce the Current Income Benefit Base, and consequently, the Lifetime Withdrawal Amount calculated for subsequent calendar years. In the event of excess withdrawals, the Current Income Benefit Base will be reduced by the greater of:
(1) the dollar amount of the withdrawal in excess of the Lifetime Withdrawal Amount; or
(2) a figure representing the proportional amount of the withdrawal. This amount is determined by the following formula:
   
dollar amount of the excess withdrawal X Current Income Benefit Base
prior to the withdrawal
Contract Value (reduced by the amount
of the Lifetime Withdrawal Amount withdrawn)
In situations where the Contract Value exceeds the existing Current Income Benefit Base, excess withdrawals will typically result in a dollar amount reduction to the new Current Income Benefit Base. In situations where the Contract Value is less than the existing Current Income Benefit Base, excess withdrawals will typically result in a proportional reduction to the new Current Income Benefit Base.
Amounts available under the Income Carryforward privilege are not treated as excess withdrawals, and therefore withdrawals under the Income Carryforward privilege will not reduce the Current Income Benefit Base.
38

 

The Nationwide L.inc Plus Riders will automatically terminate if an excess withdrawal reduces the Current Income Benefit Base to $0. For example, if the Current Income Benefit Base is $50,000, the Contract Value is $60,000, the Lifetime Withdrawal Amount is $5,000, there is no Income Carryforward amount available, and a withdrawal of $55,000 is taken, then $50,000 of the amount withdrawn is an excess withdrawal ($55,000-$5,000). As a result, the Current Income Benefit Base of $50,000 is reduced by $50,000 (the dollar amount of the excess withdrawal), which is the greater of $50,000 or $45,455 [[$50,000/($60,000-$5,000)] x $50,000], and therefore the rider terminates as the Current Income Benefit Base would be reduced to $0.
RMD Privilege
In addition, currently, Nationwide allows for an "RMD privilege" whereby Nationwide permits a Contract Owner to withdraw Contract Value in excess of the Lifetime Withdrawal Amount (plus any amount available under the Income Carryforward privilege, if applicable) without reducing the Current Income Benefit Base if such excess withdrawal is for the sole purpose of meeting Internal Revenue Code required minimum distributions for this contract. The RMD privilege is not available in the calendar year of the date the contract is issued. In order to qualify for the RMD privilege, the Contract Owner must:
(1) be at least 70½ years old (72 years old for those Contract Owners who turn age 72 on or after January 1, 2020) as of the date of the request, or will be at least age 70½ (age 72 for those Contract Owners who turn age 72 on or after January 1, 2020) in the calendar year that the RMD privilege would first apply;
(2) own the contract as an IRA, SEP IRA, Simple IRA, Tax Sheltered Annuity or Investment-Only Contract; and
(3) submit a completed administrative form in advance of the withdrawal to the Service Center.
Nationwide reserves the right to modify or eliminate the RMD privilege if there is any change to the Internal Revenue Code or IRS rules relating to required minimum distributions, including the issuance of relevant IRS guidance. If Nationwide exercises this right, Nationwide will provide notice to Contract Owners and any withdrawal in excess of the Lifetime Withdrawal Amount will reduce the remaining Current Income Benefit Base.
Once the Contract Value falls to $0, the Contract Owner is no longer permitted to submit additional purchase payments or take withdrawals in excess of the then applicable Lifetime Withdrawal Amount. Additionally, there is no Contract Value to annuitize, making the payment of the benefit associated with this option the only income stream producing benefit remaining in the contract.
Reset Opportunities
Nationwide offers an automatic reset of the Current Income Benefit Base. If, on any Contract Anniversary, the Contract Value exceeds the Current Income Benefit Base, Nationwide will automatically reset the Current Income Benefit Base to equal that Contract Value. This higher amount will be the new Current Income Benefit Base. This automatic reset will continue until either the current charge for, or the list of permitted investment options associated with the applicable Nationwide L.inc Plus Rider changes.
In the event the current charge for, or the list of permitted investment options of the applicable Nationwide L.inc Plus Rider changes, the reset opportunities still exist, but are no longer automatic. An election to reset the Current Income Benefit Base must be made by the Contract Owner to Nationwide. On or about each Contract Anniversary, Nationwide will provide notice to the Contract Owner with information necessary to make this determination. Specifically, Nationwide will provide: the Contract Value; the Current Income Benefit Base; the current terms and conditions associated with the applicable Nationwide L.inc Plus Rider; and instructions on how to communicate an election to reset the benefit base.
If the Contract Owner elects to reset the Current Income Benefit Base, it will be at the then current terms and conditions of the option as described in the most current prospectus. If Nationwide does not receive a Contract Owner’s election to reset the Current Income Benefit Base within 60 days after the Contract Anniversary, Nationwide will assume that the Contract Owner does not wish to reset the Current Income Benefit Base. If the Current Income Benefit Base is not reset, it will remain the same and the terms and conditions of the applicable Nationwide L.inc Plus Rider will not change (as applicable to that particular contract).
Contract Owners may cancel the automatic reset feature of the Nationwide L.inc Plus Rider by notifying Nationwide as to such election.
Annuitization
If the Contract Owner elects to annuitize the contract, the elected Nationwide L.inc Plus Rider will terminate. Specifically, the charge associated with the option will no longer be assessed and all benefits associated with the Nationwide L.inc Plus Rider will terminate.
39

 

Death of Determining Life
For contracts with no Joint Option for the Nationwide L.inc Plus Rider, upon the death of the determining life, the benefits associated with the option terminate. If the Contract Owner is also the Annuitant, the death benefit will be paid in accordance with the Death Benefits provision. If the Contract Owner is not the Annuitant, the Contract Value will be distributed as described in Appendix C: Contract Types and Tax Information.
For contracts with the Joint Option for the Nationwide L.inc Plus Rider, upon the death of the determining life, the surviving spouse continues to receive the same benefit associated with the Nationwide L.inc Plus Rider which had been received by the deceased spouse, for the remainder of the survivor’s lifetime. The Contract Value will reflect the death benefit and the Spousal Protection Feature.
Tax Treatment
Although the tax treatment for Lifetime Withdrawals under withdrawal benefits such as the Nationwide L.inc Plus Riders is not clear, Nationwide will treat a portion of each Lifetime Withdrawal as a taxable distribution, as follows:
First, Nationwide determines which is greater: (1) the Contract Value immediately before the Lifetime Withdrawal; or (2) the Lifetime Withdrawal Amount immediately before the Lifetime Withdrawal. That amount (the greater of (1) or (2)) minus any remaining investment in the contract at the time of the Lifetime Withdrawal will be reported as a taxable distribution.
For any Lifetime Withdrawal taken when the Contract Value is less than or equal to the total investment in the contract, Nationwide treats the Lifetime Withdrawal as a tax-free return of investment until the entire investment in the contract has been received tax-free. Once the entire investment in the contract has been received tax-free, Lifetime Withdrawals will be reported as taxable distributions. Consult a qualified tax advisor.
Automatic Termination of the Nationwide L.inc Plus Riders
Upon termination of the Nationwide L.inc Plus Riders, Nationwide will no longer assess the charge associated with the option, and all benefits associated with the Nationwide L.inc Plus Rider will terminate. In the following instances, the Nationwide L.inc Plus Riders will automatically terminate:
(1) When withdrawals are taken in excess of the Lifetime Withdrawal Amount that reduce the Current Income Benefit Base to $0;
(2) On the Annuitization Date;
(3) Upon the death of the determining life for contracts with no Joint Option; or
(4) A full surrender of the contract.
Other Important Considerations
The Nationwide L.inc Plus Riders are designed for those intending to take Lifetime Withdrawals. The benefit of the Nationwide L.inc Plus Riders will be reduced, potentially significantly, if the Contract Owner takes excess withdrawals or a Non-Lifetime Withdrawal.
Other important considerations include the following:
• The chance of outliving Contract Value and receiving Lifetime Withdrawals from Nationwide may be reduced due to the investment restrictions imposed on the Nationwide L.inc Plus Riders.
• If the Contract Value is greater than $0, then Lifetime Withdrawals are paid from the Contract Owner’s Contract Value. Note: While the Nationwide Lifetime Income Rider Plus Accelerated and Nationwide Lifetime Income Rider Plus Max provide for a higher applicable Lifetime Withdrawal Percentage when Contract Value is greater than $0, these riders can more quickly reduce your Contract Value.
• If the Contract Value is equal to $0, then Lifetime Withdrawals are paid form Nationwide’s General Account.
• Lifetime Withdrawals paid from the General Account are subject to Nationwide’s creditors and ultimately, its overall claims paying ability.
7% Nationwide Lifetime Income Rider (formerly the 7% Lifetime Income Option)
The 7% Nationwide Lifetime Income (the "7% Nationwide L.inc") Rider provides for Lifetime Withdrawals, up to a certain amount each year, even after the Contract Value is $0, provided that the Contract Owner does not deplete the Current Income Benefit Base by taking excess withdrawals. Investment restrictions apply. The age of the person upon which the benefit depends (the "determining life") must be between 50 and 85 years old at the time of application. For most
40

 

contracts, the determining life is that of the Contract Owner. For those contracts where the Contract Owner is a non-natural person, for purposes of this option, the determining life is that of the Annuitant, and all references in this option to "Contract Owner" shall mean Annuitant. If, in addition to the Annuitant, a Co-Annuitant or joint annuitant has been elected, the determining life will be that of the primary Annuitant as named on the application. The determining life may not be changed.
Availability
For applications signed on or after July 1, 2020, the 7% Nationwide Lifetime Income Rider is no longer available for election. The 7% Nationwide Lifetime Income Rider is available under the contract at the time of application. Once elected, the 7% Nationwide L.inc Rider is irrevocable. The 7% Nationwide L.inc Rider is not available on beneficially owned contracts – those contracts that are inherited by a beneficiary and the beneficiary continues to hold the contract as a beneficiary (as opposed to treating the contract as his/her own) for tax purposes. However, if such contract becomes beneficially owned by the spouse of the Contract Owner, and the Joint Option for the 7% Nationwide Lifetime Income Rider is elected, then the spouse may keep the 7% Nationwide L.inc Rider. However, once a contract becomes beneficially owned, the contract will not receive the benefit of the RMD privilege discussed later in this section. The 7% Nationwide Lifetime Income Rider may not be elected if the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, Nationwide Lifetime Income Rider Plus Max, Nationwide Lifetime Income Capture option, or Nationwide Lifetime Income Track option is elected.
7% Nationwide L.inc Rider Charge
In exchange for Lifetime Withdrawals, Nationwide will assess an annual charge not to exceed 1.50% of the Current Income Benefit Base. Currently, the charge for the 7% Nationwide Lifetime Income Rider is 1.20% of the Current Income Benefit Base. The current charge will not change, except, possibly, upon the Contract Owner’s election to reset the benefit base, as discussed herein. If the current charge does change, it will not exceed the maximum charge of 1.50% of the Current Income Benefit Base.
The charge will be assessed on each Contract Anniversary and will be deducted via redemption of Accumulation Units. The charge will be assessed until annuitization. A prorated charge will also be deducted upon full surrender of the contract. Accumulation Units will be redeemed proportionally from each Sub-Account in which the Contract Owner is invested at the time the charge is taken. Amounts redeemed as the 7% Nationwide L.inc Rider charge will not negatively impact calculations associated with other benefits elected or available under the contract, will not be subject to a CDSC, and will not reduce amounts available under the CDSC-free withdrawal privilege.
Lifetime Income Rider Investment Restrictions
Election of the 7% Nationwide L.inc Rider requires that the Contract Owner, until annuitization, allocate the entire Contract Value to a limited set of investment options currently available in the contract. For the list of available investment options, see Income Benefit Investment Options. Allocation requests to investment options other than those listed in the Income Benefit Investment Options section will not be honored; they will be treated as though no allocation request was submitted. Nationwide may offer Dollar Cost Averaging for Living Benefits described in the Contract Owner Services provision. Allocation to the Fixed Account is not permitted (except as the originating account when the Contract Owner elects Dollar Cost Averaging for Living Benefits). Additionally, if this option is elected, contract loans are unavailable.
Transfers Among Permitted Investment Options
The Contract Owner may reallocate the Contract Value among the limited set of investment options in accordance with the Transfers Prior to Annuitization provision. The Contract Owner may reallocate the Contract Value within the Custom Portfolio Asset Rebalancing Service in accordance with that provision. Additionally, Contract Owners may change from the Custom Portfolio Asset Rebalancing Service to the permitted investment options, and vice versa.
Subsequent Purchase Payments
Subsequent purchase payments are permitted under the 7% Nationwide L.inc Rider as long as the Contract Value is greater than $0. There may be instances where a subsequent purchase payment creates a financial risk that Nationwide is unwilling to bear. If this occurs, Nationwide may exercise its right to refuse subsequent purchase payments which total in aggregate $50,000 or more in any calendar year. The $50,000 threshold will take into consideration all contracts issued by Nationwide to a particular Contract Owner or using the same determining life. If Nationwide exercises this right to refuse a purchase payment, the entire purchase payment that causes the aggregate amount to exceed $50,000 will be
41

 

immediately returned to the Contract Owner in the same form in which it was received. Generally, Nationwide may invoke this right in times of economic instability. Contract Owners may contact the Service Center to find out if Nationwide will accept a particular subsequent purchase payment.
Determination of the Income Benefit Base Prior to the First Lifetime Withdrawal
Upon contract issuance, the Original Income Benefit Base is equal to the Contract Value. Thereafter, Nationwide tracks, on a continuous basis, the Current Income Benefit Base which is used to calculate the benefit amount. The Current Income Benefit Base from the date of contract issuance until the first Lifetime Withdrawal will reflect any additional purchase payments, Purchase Payment Credits, reset opportunities, and if elected, a Non-Lifetime Withdrawal, as described below.
Provided no withdrawals are taken from the contract, the Current Income Benefit Base for the 7% Nationwide Linc Rider will equal the greater of:
(1) Highest Contract Value: the highest Contract Value on any Contract Anniversary plus purchase payments submitted and Purchase Payment Credits applied after that Contract Anniversary; or
(2) Roll-up Value: the 7% roll-up amount, which is equal to the sum of the following calculations:
(a) Original Income Benefit Base with Roll-up: the Original Income Benefit Base, plus 7% of the Original Income Benefit Base for each Contract Anniversary up to and including the 10th Contract Anniversary; plus
(b) Subsequent Purchase Payments with Roll-up: any purchase payments submitted and Purchase Payment Credits applied after contract issuance and before the 10th Contract Anniversary, increased by simple interest at an annual rate of 7% each year from the date the subsequent purchase payments and/or Purchase Payment Credits are applied through the 10th Contract Anniversary; plus
(c) Subsequent Purchase Payments with No Roll-up: any purchase payments submitted and Purchase Payment Credits applied after the 10th Contract Anniversary.
Contracts issued on or after August 12, 2013, or the date of state approval (whichever is later), are eligible to take a Non-Lifetime Withdrawal. If a Non-Lifetime Withdrawal is taken on or before the 10th Contract Anniversary, the Current Income Benefit Base for the 7% Nationwide Linc Rider will equal the greatest of:
(1) Adjusted Current Income Benefit Base: the Current Income Benefit Base immediately before the Non-Lifetime Withdrawal, proportionally reduced as described in the Non-Lifetime Withdrawal section;
(2) Highest Contract Value: the highest Contract Value on any Contract Anniversary on or after the Non-Lifetime Withdrawal, plus purchase payments submitted and any Purchase Payment Credits applied after that Contract Anniversary; or
(3) Roll-up Value: the adjusted 7% roll-up amount, which is equal to the sum of the following calculations:
(a) Adjusted Roll-up Income Benefit Base with Roll-up: the Adjusted Roll-up Income Benefit Base, plus 7% of the Adjusted Roll-up Income Benefit Base for each Contract Anniversary up to and including the 10th Contract Anniversary; plus
(b) Subsequent Purchase Payments with Roll-up: the sum of the following calculations:
(aa) Before the Non-Lifetime Withdrawal: any purchase payments submitted and Purchase Payment Credits applied after contract issuance and before the Non-Lifetime Withdrawal, proportionally reduced as described in the Non-Lifetime Withdrawal section, increased by simple interest at an annual rate of 7% each year from the date the subsequent purchase payments and/or Purchase Payment Credits are applied through the 10th Contract Anniversary; plus
(bb) After the Non-Lifetime Withdrawal and before the 10th Contract Anniversary: any purchase payments submitted and Purchase Payment Credits applied on or after the Non-Lifetime Withdrawal and before the 10th Contract Anniversary, increased by simple interest at an annual rate of 7% each year from the date the subsequent purchase payments and/or Purchase Payment Credits are applied through the 10th Contract Anniversary; plus
(c) Subsequent Purchase Payments with No Roll-up: any purchase payments submitted and Purchase Payment Credits applied after the 10th Contract Anniversary.
See Appendix D: 7% Nationwide Lifetime Income Rider's Non-Lifetime Withdrawal Examples for example calculations.
42

 

If a Non-Lifetime Withdrawal is taken after the 10th Contract Anniversary, the Current Income Benefit Base for the 7% Nationwide Linc Rider will equal the greatest of:
(1) Adjusted Current Income Benefit Base: the Current Income Benefit Base immediately before the Non-Lifetime Withdrawal, proportionally reduced as described in the Non-Lifetime Withdrawal section;
(2) Roll-up Value: the adjusted 7% roll-up amount, which is equal to the sum of the following calculations:
(a) Adjusted Roll-up Income Benefit Base with Roll-up: the Adjusted Roll-up Income Benefit Base, plus 7% of the Adjusted Roll-up Income Benefit Base for each Contract Anniversary up to and including the 10th Contract Anniversary; plus
(b) Subsequent Purchase Payments with Roll-up: any purchase payments submitted and Purchase Payment Credits applied after contract issuance and before the 10th Contract Anniversary, proportionally reduced as described in the Non-Lifetime Withdrawal section, increased by simple interest at an annual rate of 7% each year from the date the subsequent purchase payments and/or Purchase Payment Credits are applied through the 10th Contract Anniversary; plus
(c) Subsequent Purchase Payments with No Roll-up: the sum of the following calculations:
(aa) After the 10th Contract Anniversary and before the Non-Lifetime Withdrawal: any purchase payments submitted and Purchase Payment Credits applied after the 10th Contract Anniversary and before the Non-Lifetime Withdrawal, proportionally reduced as described in the Non-Lifetime Withdrawal section; plus
(bb) After the Non-Lifetime Withdrawal: any purchase payments submitted and Purchase Payment Credits applied on or after the Non-Lifetime Withdrawal; or
(3) Highest Contract Value: the highest Contract Value on any Contract Anniversary after the 10th Contract Anniversary, plus purchase payments submitted and Purchase Payment Credits applied after that Contract Anniversary.
See Appendix D: 7% Nationwide Lifetime Income Rider's Non-Lifetime Withdrawal Examples for example calculations.
When a purchase payment and any Purchase Payment Credits are applied on a date other than a Contract Anniversary, simple interest is calculated using a prorated method based upon the number of days from the date of the purchase payment to the next Contract Anniversary. However, if at any time prior to the first Lifetime Withdrawal the Contract Value equals $0, no additional purchase payments will be accepted and no further benefit base calculations will be made. The Current Income Benefit Base will be set equal to the benefit base calculated on the most recent Contract Anniversary minus adjustments made for excess withdrawals after that date, and the Lifetime Withdrawal Amount will be based on that Current Income Benefit Base. Since the roll-up is only calculated for the first 10 Contract Years or prior to the first Lifetime Withdrawal, whichever comes first, any purchase payments the Contract Owner makes during that time period will increase the Current Income Benefit Base more than purchase payments made after that time period.
Non-Lifetime Withdrawal
For contracts issued on or after August 12, 2013, or the date of state approval (whichever is later), after the first Contract Anniversary, the Contract Owner may request a one-time withdrawal ("Non-Lifetime Withdrawal") without initiating the lifetime income benefit under the 7% Nationwide L.inc Rider. The Non-Lifetime Withdrawal will not lock in the Lifetime Withdrawal Percentage and will not stop the 7% simple interest roll-up. However, the Non-Lifetime Withdrawal will reduce the Current Income Benefit Base, and consequently, the Lifetime Withdrawal Amount calculated for subsequent years. As with all withdrawals, a Non-Lifetime Withdrawal will reduce the Contract Value and death benefit. In addition, it will be subject to the CDSC provisions of the contract. A Non-Lifetime Withdrawal cannot be taken after the Contract Owner initiates the Lifetime Withdrawals.
43

 

A Non-Lifetime Withdrawal will cause a reduction to three factors used to calculate the Lifetime Withdrawal Amount: (1) the Current Income Benefit Base; (2) the Original Income Benefit Base (resulting in the Adjusted Roll-up Income Benefit Base); and (3) Subsequent purchase payments and Purchase Payment Credits applied before the Non-Lifetime Withdrawal. All three factors are reduced by a figure representing the proportional amount of the withdrawal, as follows:
Reduction to Current Income
Benefit Base 		= Gross dollar
amount of the Non-Lifetime
Withdrawal 		X Current Income Benefit Base
prior to the Non-Lifetime Withdrawal
Contract Value (prior to the Non-
Lifetime Withdrawal)
    
Reduction to Original Income
Benefit Base 		= Gross dollar
amount of the Non-Lifetime
Withdrawal 		X Original Income Benefit Base
Contract Value (prior to the Non-
Lifetime Withdrawal)
    
Reduction to subsequent
purchase payments and
Purchase Payment Credits applied before
the Non-Lifetime Withdrawal 		= Gross dollar
amount of the Non-Lifetime
Withdrawal 		X Subsequent purchase payments and
Purchase Payment Credits applied before
the Non-Lifetime Withdrawal
Contract Value (prior to the Non-
Lifetime Withdrawal)
All Non-Lifetime Withdrawal requests must be made on a Nationwide form which is available by contacting the Service Center. If the Contract Owner requests a withdrawal without using the Nationwide form, the withdrawal request will be treated as a Lifetime Withdrawal request and will not be treated as a request for a Non-Lifetime Withdrawal.
Lifetime Withdrawals
At any time after the 7% Nationwide L.inc Rider is elected, the Contract Owner may begin taking the lifetime income benefit by taking a Lifetime Withdrawal from the contract. Unless the Contract Owner requests a one-time Non-Lifetime Withdrawal, the first withdrawal under the contract constitutes the first Lifetime Withdrawal, even if such withdrawal is taken to meet minimum distribution requirements under the Internal Revenue Code or is taken to pay advisory or investment management fees. Nationwide will surrender Accumulation Units proportionally from the Sub-Accounts as of the date of the withdrawal request. As with any withdrawal, Lifetime Withdrawals reduce the Contract Value and consequently, the amount available for annuitization.
At the time of the first Lifetime Withdrawal, the 7% roll-up amount terminates and the Current Income Benefit Base is locked in and will not change unless the Contract Owner takes excess withdrawals, elects a reset opportunity (both discussed later in this provision), or submits additional purchase payments. Additional purchase payments submitted after the first Lifetime Withdrawal from the contract will increase the Current Income Benefit Base by the amount of the purchase payment.
The Lifetime Withdrawal Percentage is determined based on the age of the Contract Owner at the time of the first Lifetime Withdrawal.
See Appendix F: Historical Rates, Periods, and Percentages for the 7% Nationwide L.inc Rider’s Lifetime Withdrawal Percentages. The Lifetime Withdrawal Percentages applicable to a contract are determined by the date the application was signed and received in good order by Nationwide. Lifetime Withdrawal Percentages applicable in time periods other than the time period when the application was signed and received in good order by Nationwide are not applicable to the contract.
For contracts that elect the Joint Option for the 7% Nationwide Lifetime Income Rider, the Lifetime Withdrawal Percentages will be equal to or less than the Lifetime Withdrawal Percentages for the 7% Nationwide L.inc Rider.
Note: The Internal Revenue Code requires that IRAs, SEP IRAs, Simple IRAs, and Investment-Only Contracts begin distributions no later than April 1 of the calendar year following the calendar year in which the Contract Owner reaches age 70½. Contract Owners subject to minimum required distribution rules may not be able to take advantage of the Lifetime Withdrawal Percentages available at higher age bands if distributions are taken from the contract to
44

 

meet these Internal Revenue Code requirements. Contract Owners who elect not to take minimum required distributions from this contract, i.e., they take minimum required distributions from other sources, may be able to take advantage of Lifetime Withdrawal Percentages at the higher age bands. Consult a qualified tax advisor for more information.
At the time of the first Lifetime Withdrawal and on each Contract Anniversary thereafter, the Lifetime Withdrawal Percentage is multiplied by the Current Income Benefit Base to determine the Lifetime Withdrawal Amount for that year. The Lifetime Withdrawal Amount is the maximum amount that can be withdrawn from the contract before the next Contract Anniversary without reducing the Current Income Benefit Base. The ability to withdraw the Lifetime Withdrawal Amount will continue until the earlier of the Contract Owner’s death or annuitization.
The Contract Owner can elect to set up Systematic Withdrawals or can request each Lifetime Withdrawal separately. All Lifetime Withdrawal requests must be made on a Nationwide form available by contacting the Service Center.
Each year’s Lifetime Withdrawal Amount is non-cumulative. A Contract Owner cannot take a previous year’s Lifetime Withdrawal Amount in a subsequent year without causing an excess withdrawal (discussed herein) that will reduce the Current Income Benefit Base. Although Lifetime Withdrawals up to the Lifetime Withdrawal Amount do not reduce the Current Income Benefit Base, they do reduce the Contract Value and the death benefit.
Impact of Withdrawals in Excess of the Lifetime Withdrawal Amount
The Contract Owner is permitted to withdraw Contract Value in excess of that year’s Lifetime Withdrawal Amount provided that the Contract Value is greater than $0. Withdrawals in excess of the Lifetime Withdrawal Amount will reduce the Current Income Benefit Base, and consequently, the Lifetime Withdrawal Amount calculated for subsequent years. In the event of excess withdrawals, the Current Income Benefit Base will be reduced by the greater of:
(1) the dollar amount of the withdrawal in excess of the Lifetime Withdrawal Amount; or
(2) a figure representing the proportional amount of the withdrawal. This amount is determined by the following formula:
   
dollar amount of the excess withdrawal X Current Income Benefit Base
prior to the withdrawal
Contract Value (reduced by the amount
of the Lifetime Withdrawal Amount withdrawn)
In situations where the Contract Value exceeds the existing Current Income Benefit Base, excess withdrawals will typically result in a dollar amount reduction to the new Current Income Benefit Base. In situations where the Contract Value is less than the existing Current Income Benefit Base, excess withdrawals will typically result in a proportional reduction to the new Current Income Benefit Base.
Currently, Nationwide allows for an "RMD privilege" whereby Nationwide permits a Contract Owner to withdraw Contract Value in excess of the Lifetime Withdrawal Amount without reducing the Current Income Benefit Base if such excess withdrawal is for the sole purpose of meeting Internal Revenue Code required minimum distributions for this contract. In order to qualify for the RMD privilege, the Contract Owner must:
(1) be at least 70½ years old as of the date of the request;
(2) own the contract as an IRA, SEP IRA, Simple IRA, Tax Sheltered Annuity or Investment-Only Contract; and
(3) submit a completed administrative form in advance of the withdrawal to the Service Center.
Nationwide reserves the right to modify or eliminate the RMD privilege if there is any change to the Internal Revenue Code or IRS rules relating to required minimum distributions, including the issuance of relevant IRS guidance. If Nationwide exercises this right, Nationwide will provide notice to Contract Owners and any withdrawal in excess of the Lifetime Withdrawal Amount will reduce the remaining Current Income Benefit Base.
Once the Contract Value falls to $0, the Contract Owner is no longer permitted to submit additional purchase payments or take withdrawals in excess of the Lifetime Withdrawal Amount. Additionally, there is no Contract Value to annuitize, making the payment of the benefit associated with this option the only income stream producing benefit remaining in the contract.
45

 

Reset Opportunities
Nationwide offers an automatic reset of the Current Income Benefit Base. If, on any Contract Anniversary, the Contract Value exceeds the Current Income Benefit Base, Nationwide will automatically reset the Current Income Benefit Base to equal that Contract Value. This higher amount will be the new Current Income Benefit Base. This automatic reset will continue until either the current charge for or the list of permitted investment options associated with the 7% Nationwide L.inc Rider changes.
In the event the current charge for or the list of permitted investment options of the 7% Nationwide L.inc Rider changes, the reset opportunities still exist, but are no longer automatic. An election to reset the Current Income Benefit Base must be made by the Contract Owner to Nationwide. On or about each Contract Anniversary, Nationwide will provide the Contract Owner with information necessary to make this determination. Specifically, Nationwide will provide: the Contract Value; the Current Income Benefit Base; the current terms and conditions associated with the 7% Nationwide L.inc Rider; and instructions on how to communicate an election to reset the benefit base.
If the Contract Owner elects to reset the Current Income Benefit Base, it will be at the then current terms and conditions of the option as described in the most current prospectus. If Nationwide does not receive a Contract Owner’s election to reset the Current Income Benefit Base within 60 days after the Contract Anniversary, Nationwide will assume that the Contract Owner does not wish to reset the Current Income Benefit Base. If the Current Income Benefit Base is not reset, it will remain the same and the terms and conditions of the 7% Nationwide L.inc Rider will not change (as applicable to that particular contract).
Contract Owners may cancel the automatic reset feature of the 7% Nationwide L.inc Rider by notifying Nationwide as to such election.
Annuitization
If the Contract Owner elects to annuitize the contract, this option will terminate. Specifically, the charge associated with the option will no longer be assessed and all benefits associated with the 7% Nationwide L.inc Rider will terminate.
Death of Determining Life
For contracts with no Joint Option for the 7% Nationwide Lifetime Income Rider, upon the death of the determining life, the benefits associated with the option terminate. If the Contract Owner is also the Annuitant, the death benefit will be paid in accordance with the Death Benefits provision. If the Contract Owner is not the Annuitant, the Contract Value will be distributed as described in Appendix C: Contract Types and Tax Information.
For contracts with the Joint Option for the 7% Nationwide Lifetime Income Rider, upon the death of the determining life, the surviving spouse continues to receive the same benefit associated with the 7% Nationwide L.inc Rider which had been received by the deceased spouse, for the remainder of the survivor’s lifetime. The Contract Value will reflect the death benefit and the Spousal Protection Feature.
Tax Treatment
Although the tax treatment for Lifetime Withdrawals under withdrawal benefits such as the 7% Nationwide L.inc Rider is not clear, Nationwide will treat a portion of each Lifetime Withdrawal as a taxable distribution, as follows:
First, Nationwide determines which is greater: (1) the Contract Value immediately before the Lifetime Withdrawal; or (2) the Lifetime Withdrawal Amount immediately before the Lifetime Withdrawal. That amount (the greater of (1) or (2)) minus any remaining investment in the contract at the time of the Lifetime Withdrawal will be reported as a taxable distribution.
For any Lifetime Withdrawal taken when the Contract Value is less than or equal to the total investment in the contract, Nationwide treats the Lifetime Withdrawal as a tax-free return of investment until the entire investment in the contract has been received tax-free. Once the entire investment in the contract has been received tax-free, Lifetime Withdrawals will be reported as taxable distributions. Consult a qualified tax advisor.
Automatic Termination of the 7% Nationwide L.inc Rider
Upon termination of the 7% Nationwide L.inc Rider, Nationwide will no longer assess the charge associated with this option, and all benefits associated with the Nationwide 7% L.inc Rider will terminate. In the following instances, the 7% Nationwide L.inc Rider will automatically terminate:
46

 

(1) When withdrawals are taken in excess of the Lifetime Withdrawal Amount that reduce the Current Income Benefit Base to $0;
(2) On the Annuitization Date;
(3) Upon the death of the determining life for contracts with no Joint Option; or
(4) a full surrender of the contract.
Nationwide Lifetime Income Capture Option
The Nationwide Lifetime Income Capture option provides for Lifetime Withdrawals, up to a certain amount each year, even after the Contract Value is $0, provided that the Contract Owner does not deplete the Current Income Benefit Base by taking excess withdrawals. Investment restrictions apply. The age of the person upon which the benefit depends (the "determining life") must be between 50 and 85 years old at the time of application. For most contracts, the determining life is that of the Contract Owner. For those contracts where the Contract Owner is a non-natural person, for purposes of this option, the determining life is that of the Annuitant, and all references in this option to "Contract Owner" shall mean Annuitant. If, in addition to the Annuitant, a Co-Annuitant or joint annuitant has been elected, the determining life will be that of the younger Annuitant. The determining life may not be changed.
Availability
For applications signed on or after June 1, 2020, the Nationwide Lifetime Income Capture option is no longer available for election. Once elected, the Nationwide Lifetime Income Capture option is irrevocable. The Nationwide Lifetime Income Capture option is available under the contract at the time of application. The Nationwide Lifetime Income Capture option is not available on beneficially owned contracts – those contracts that are inherited by a beneficiary and the beneficiary continues to hold the contract as a beneficiary (as opposed to treating the contract as his/her own) for tax purposes. However, if such contract becomes beneficially owned by the spouse of the Contract Owner, and the Joint Option for the Nationwide Lifetime Income Capture option is elected, then the spouse may keep the Nationwide Lifetime Income Capture option. However, once a contract becomes beneficially owned, the contract will not receive the benefit of the RMD privilege discussed later in this section. The Nationwide Lifetime Income Capture option cannot be elected if the 7% Nationwide Lifetime Income Rider or Nationwide Lifetime Income Track option is elected.
Nationwide Lifetime Income Capture Charge
In exchange for this lifetime withdrawal benefit, Nationwide will assess an annual charge not to exceed 1.50% of the Current Income Benefit Base. Currently, the charge for the Nationwide Lifetime Income Capture option is 1.20% of the Current Income Benefit Base. The current charge will not change, except, possibly, upon the Contract Owner's election to reset the benefit base, as discussed herein. If the current charge does change, it will not exceed the maximum charge of 1.50% of the Current Income Benefit Base.
The charge will be assessed on each Option Anniversary and will be deducted via redemption of Accumulation Units. The charge will be assessed until annuitization. A prorated charge will also be deducted upon full surrender of the contract. Accumulation Units will be redeemed proportionally from each Sub-Account in which the Contract Owner is invested at the time the charge is taken. Amounts redeemed as the Nationwide Lifetime Income Capture option charge will not negatively impact calculations associated with other benefits elected or available under the contract, will not be subject to a CDSC, and will not reduce amounts available under the CDSC-free withdrawal privilege.
Nationwide Lifetime Income Capture Investment Restrictions
Election of the Nationwide Lifetime Income Capture option requires that the Contract Owner, until annuitization, allocate the entire Contract Value to a limited set of investment options currently available in the contract. For the list of investment options available under the Nationwide Lifetime Income Capture option, see Income Benefit Investment Options. Allocation requests to investment options other than those listed in the Income Benefit Investment Options section will not be honored; they will be treated as though no allocation request was submitted. Nationwide may offer Dollar Cost Averaging for Living Benefits described in the Contract Owner Services provision. Allocation to the Fixed Account is not permitted (except as the originating account when the Contract Owner elects Dollar Cost Averaging for Living Benefits). Additionally, if this option is elected, contract loans are unavailable.
47

 

Transfers Among Permitted Investment Options
The Contract Owner may reallocate the Contract Value among the limited set of investment options in accordance with the Transfers Prior to Annuitization provision. The Contract Owner may elect to automatically reallocate the Contract Value in accordance with the Asset Rebalancing provision.
Subsequent Purchase Payments
Currently, subsequent purchase payments are permitted under the Nationwide Lifetime Income Capture option as long as the Contract Value is greater than $0. Any subsequent purchase payments will increase the Current Income Benefit Base by the amount of the purchase payment submitted.
Nationwide reserves the right to reject subsequent purchase payments in the event subsequent purchase payments create a financial risk that Nationwide is unwilling to bear. This reservation of right may limit the amount a Contract Owner can invest in the contract. Contract Owners should consider this reservation of right when making the initial purchase payment. If Nationwide exercises this right to refuse purchase payments, the entire purchase payment will be immediately returned to the Contract Owner in the same form in which it was received. Generally, Nationwide may invoke this right in times of economic instability. Contract Owners may contact the Service Center to find out if Nationwide will accept subsequent purchase payments.
Roll-up Interest Rate
The Roll-up Interest Rate is the indexed simple interest rate used in the calculation of the Current Income Benefit Base until the earlier of the first Lifetime Withdrawal or the 15th Option Anniversary.
For the first Option Year, the Roll-up Interest Rate is the greater of:
(1) the Defined Rate in effect on the Application Date plus the Variable Rate in effect on the Application Date; or
(2) the Defined Rate in effect on the Option Issue Date plus the Variable Rate in effect on the Option Issue Date.
The Defined Rate and Variable Rate are defined below in the Defined Rate and Renewal Defined Rate and Variable Rate subsections, respectively.
For Option Years two through fifteen, the Roll-up Interest Rate is calculated by adding the Variable Rate in effect on the Option Anniversary plus the Renewal Defined Rate.
The Renewal Defined Rate is defined below in the Defined Rate and Renewal Defined Rate subsection.
For the purposes of this Roll-up Interest Rate section only, Application Date is the date a good order application is signed (or if the transaction is subject to the State of New York’s Regulation No. 60, then the date the required step 1 forms are signed and in good order); and Option Issue Date is either the date the contract is issued, or if the Nationwide Lifetime Income Capture Option was elected after the date the contract was issued, then the date Nationwide receives the proper form to add the Nationwide Lifetime Income Capture Option to the contract in good order.
Once calculated, the Roll-up Interest Rate will be rounded up or down to the nearest 0.25%. For example, if the Defined Rate is 3.00% and the Variable Rate is 2.83%, the Roll-up Interest Rate is 5.75% (3.00% + 2.83% = 5.83%, rounded up or down to the nearest 0.25%, results in 5.75%). If the Defined Rate is 3.00% and the Variable Rate is 2.91%, the Roll-up Interest Rate is 6.00% (3.00% + 2.91% = 5.91%, rounded up or down to the nearest 0.25%, results in 6.00%).
For contracts with applications signed on or after March 15, 2016, the Roll-up Interest Rate will not be less than 5.00% nor greater than 10.00%. For contracts with applications signed before March 15, 2016, the Roll-up Interest Rate will not be less than 4.00% nor greater than 10.00%.
In no event will the Roll-up Interest Rate be calculated by adding the Defined Rate in effect on the Application Date to the Variable Rate in effect on the Option Issue Date; or by adding the Defined Rate in effect on the Option Issue Date to the Variable Rate in effect on the Application Date.
Variable Rate
The Variable Rate is, at a minimum, the rate of return (the nominal interest rate) of the specified index. The specified index is the monthly 10-year Treasury constant maturity as published by the Board of Governors of the Federal Reserve System. Periodically, Nationwide may increase the Variable Rate to an amount greater than the rate of return of the specified index.
48

 

For the first Option Year, the Variable Rate is the Variable Rate that when added to its corresponding Defined Rate results in the greater Roll-up Interest Rate (the Variable Rate in effect on the Application Date corresponds with the Defined Rate in effect on the Application Date; and the Variable Rate in effect on the Option Issue Date corresponds with the Defined Rate in effect on the Option Issue Date).
For the first Option Year, the Variable Rate in effect depends upon the date of the Application Date or Option Issue Date, and is determined as follows:
(1) if the Application Date or the Option Issue Date is before the 15th calendar day of the month, Nationwide will use the Variable Rate for the month that is two months prior to the month in which the Application Date or Option Issue Date falls (e.g. if the Option Issue Date is July 10th, then Nationwide will use May's Variable Rate); or
(2) if the Application Date or the Option Issue Date is on or after the 15th calendar day of the month, Nationwide will use the Variable Rate for the month prior to the month in which the Application Date or Option Issue Date falls (e.g. if the Option Issue Date is July 17th, then Nationwide will use June's Variable Rate).
For each Option Year after the first Option Year, Nationwide will determine the Variable Rate in effect on the Option Anniversary as follows:
(1) if the Option Issue Date is before the 15th calendar day of the month, Nationwide will use the Variable Rate for the month that is two months prior to the month that each Option Anniversary falls to calculate the Roll-up Interest Rate for the following Option Year; or
(2) if the Option Issue Date is on or after the 15th calendar day of the month, Nationwide will use the Variable Rate for the month prior to the month that each Option Anniversary falls to calculate the Roll-up Interest Rate for the following Option Year.
Nationwide reserves the right to discontinue and substitute a comparable index if the index becomes unavailable (e.g. is no longer published) or if the calculation of the index is substantially changed (e.g. the index no longer provides a monthly average). If Nationwide exercises this right, Nationwide will provide written notice to Contract Owners.
Defined Rate and Renewal Defined Rate
The Defined Rate is an amount determined by Nationwide. Currently, the Defined Rate is 3.00%.
For the first Option Year, the Defined Rate is the Defined Rate that when added to its corresponding Variable Rate results in the greater Roll-up Interest Rate (the Defined Rate in effect on the Application Date corresponds with the Variable Rate in effect on the Application Date; and the Defined Rate in effect on the Option Issue Date corresponds with the Variable Rate in effect on the Option Issue Date).
For each Option Year after the first Option Year, the Renewal Defined Rate will be used instead of the Defined Rate to calculate the Roll-up Interest Rate. The Renewal Defined Rate is the greater of:
(1) the Defined Rate in effect on the Application Date; or
(2) the Defined Rate in effect on the Option Issue Date.
If the Defined Rate in effect on the Application Date and the Defined Rate in effect on the Option Issue Date are equal, then the Renewal Defined Rate will be the same as the Defined Rate.
Nationwide will not change the Defined Rate or the Renewal Defined Rate for contracts once issued.
Determination of the Income Benefit Base Prior to the First Lifetime Withdrawal
Upon election of the Nationwide Lifetime Income Capture option, the Original Income Benefit Base is equal to the Contract Value. Thereafter, Nationwide tracks, on a continuous basis, the Current Income Benefit Base which is used to calculate the Lifetime Withdrawal Amount. The Current Income Benefit Base from the date of election until the first Lifetime Withdrawal will reflect any additional purchase payments, Purchase Payment Credits, reset opportunities, and if elected, a Non-Lifetime Withdrawal, as described below.
Provided no withdrawals are taken from the contract, the Current Income Benefit Base for the Nationwide Lifetime Income Capture option will equal the greatest of:
49

 

(1) Contract Value on the Option Anniversary: the Contract Value on the current Option Anniversary, excluding any purchase payments submitted, or Purchase Payment Credits applied on that Option Anniversary;
(2) Monthly Option Anniversary Contract Value: the highest Monthly Option Anniversary Contract Value during the previous Option Year, excluding any purchase payments submitted, or Purchase Payment Credits applied on that Monthly Option Anniversary; or
(3) Roll-up Value: equal to the sum of the following calculations:
(a) Current Income Benefit Base: the Current Income Benefit Base on the prior Option Anniversary (on the first Option Anniversary, the Original Income Benefit Base); plus
(b) Roll-up: the Roll-up Interest Rate multiplied by the Original Income Benefit Base and any purchase payments submitted and Purchase Payment Credits applied on or before the prior Option Anniversary, up to and including the 15th Option Anniversary; plus
(c) Subsequent Purchase Payments with Prorated Roll-up: any purchase payments submitted and Purchase Payment Credits applied after the prior Option Anniversary and before the 15th Option Anniversary, increased by the Roll-up Interest Rate prorated from the date the subsequent purchase payments and/or Purchase Payment Credits are applied; plus
(d) Subsequent Purchase Payments with No Roll-up: any purchase payments submitted and Purchase Payment Credits applied after the 15th Option Anniversary.
If a Non-Lifetime Withdrawal is taken on or before the 15th Option Anniversary, the Current Income Benefit Base for the Nationwide Lifetime Income Capture option will equal:
For the Option Anniversary immediately following the Non-Lifetime Withdrawal, the greatest of:
(1) Contract Value on the Option Anniversary: the Contract Value on the current Option Anniversary, excluding any purchase payments submitted, Purchase Payment Credits applied, or withdrawals on that Option Anniversary;
(2) Monthly Option Anniversary Contract Value: the greater of:
(a) the highest Monthly Option Anniversary Contract Value during the previous Option Year and on or before the Non-Lifetime Withdrawal, excluding any purchase payments submitted, Purchase Payment Credits applied, or withdrawals on that Monthly Option Anniversary, proportionally reduced as described in the Non-Lifetime Withdrawal section; or
(b) the highest Monthly Option Anniversary Contract Value during the previous Option Year and after the Non-Lifetime Withdrawal, excluding any purchase payments submitted, Purchase Payment Credits applied, or withdrawals on that Monthly Option Anniversary; or
(3) Roll-up Value: equal to the sum of the following calculations:
(a) Adjusted Current Income Benefit Base: the Current Income Benefit Base on the prior Option Anniversary, proportionally reduced as described in the Non-Lifetime Withdrawal section; plus
(b) Roll-up: the Roll-up Interest Rate multiplied by the sum of the Adjusted Roll-up Income Benefit Base (the Original Income Benefit Base proportionally reduced for a Non-Lifetime Withdrawal) and any purchase payments submitted and Purchase Payment Credits applied on or before the prior Option Anniversary, proportionally reduced as described in the Non-Lifetime Withdrawal section; plus
(c) Subsequent Purchase Payments with Prorated Roll-up: the sum of the following calculations:
(aa) After the prior Option Anniversary and on or before the Non-Lifetime Withdrawal: any purchase payments submitted and Purchase Payment Credits applied after the prior Option Anniversary and on or before the date of the Non-Lifetime Withdrawal, proportionally reduced as described in the Non-Lifetime Withdrawal section, increased by the Roll-up Interest Rate prorated from the date the subsequent purchase payments and/or Purchase Payment Credits are applied; plus
(bb) After the Non-Lifetime Withdrawal: any purchase payments submitted and Purchase Payment Credits applied after the date of the Non-Lifetime Withdrawal, increased by the Roll-up Interest Rate prorated from the date the subsequent purchase payments and/or Purchase Payment Credits are applied.
50

 

For each Option Anniversary after the Option Anniversary immediately following the Non-Lifetime Withdrawal, the greatest of:
(1) Current Income Benefit Base: the Current Income Benefit Base on the prior Option Anniversary plus any purchase payments submitted and Purchase Payment Credits applied during the Option Year;
(2) Contract Value on the Option Anniversary: the Contract Value on the current Option Anniversary, excluding any purchase payments submitted, Purchase Payment Credits applied, or withdrawals on that Option Anniversary;
(3) Monthly Option Anniversary Contract Value: the highest Monthly Option Anniversary Contract Value during the previous Option Year, excluding any purchase payments submitted, Purchase Payment Credits applied, or withdrawals on that Monthly Option Anniversary; or
(4) Roll-up Value: for each Option Anniversary up to and including the 15th Option Anniversary, it is equal to the sum of the following calculations:
(a) Current Income Benefit Base: the Current Income Benefit Base on the prior Option Anniversary; plus
(b) Roll-up: the Roll-up Interest Rate multiplied by the sum of the Adjusted Roll-up Income Benefit Base (the Original Income Benefit Base proportionally reduced for a Non-Lifetime Withdrawal) and any purchase payments submitted and Purchase Payment Credits applied on or before the date of the Non-Lifetime Withdrawal, proportionally reduced as described in the Non-Lifetime Withdrawal section; plus the Roll-up Interest Rate multiplied by any Purchase Payment Credits submitted and Purchase Payment Credits applied after the date of the Non-Lifetime Withdrawal and prior to the previous Option Anniversary; plus
(c) Subsequent Purchase Payments with Prorated Roll-up: any purchase payments submitted and Purchase Payment Credits applied after the prior Option Anniversary and before the 15th Option Anniversary, increased by the Roll-up Interest Rate prorated from the date the subsequent purchase payments and/or Purchase Payment Credits are applied.
See Appendix E: Nationwide Lifetime Income Capture Option Non-Lifetime Withdrawal Examples for example calculations.
If a Non-Lifetime Withdrawal is taken after the 15th Option Anniversary, the Current Income Benefit Base for the Nationwide Lifetime Income Capture option will equal:
For the Option Anniversary immediately following the Non-Lifetime Withdrawal, the greatest of:
(1) Adjusted Current Income Benefit Base: the Current Income Benefit Base immediately before the Non-Lifetime Withdrawal, proportionally reduced as described in the Non-Lifetime Withdrawal section, plus any purchase payments submitted and Purchase Payment Credits applied during the Option Year and after the Non-Lifetime Withdrawal;
(2) Contract Value on the Option Anniversary: the Contract Value on the current Option Anniversary, excluding any purchase payments submitted, Purchase Payment Credits applied, or withdrawals on that Option Anniversary; or
(3) Monthly Option Anniversary Contract Value: the greater of:
(a) the highest Monthly Option Anniversary Contract Value during the previous Option Year and on or before the Non-Lifetime Withdrawal, proportionally reduced as described in the Non-Lifetime Withdrawal section; or
(b) the highest Monthly Option Anniversary Contract Value during the previous Option Year and after the Non-Lifetime Withdrawal.
51

 

For each Option Anniversary after the Option Anniversary immediately following the Non-Lifetime Withdrawal, the greatest of:
(1) Current Income Benefit Base: the Current Income Benefit Base on the prior Option Anniversary plus any purchase payments submitted and Purchase Payment Credits applied during the Option Year;
(2) Contract Value on the Option Anniversary: the Contract Value on the current Option Anniversary, excluding any purchase payments submitted, Purchase Payment Credits applied, or withdrawals on that Option Anniversary; or
(3) Monthly Option Anniversary Contract Value: the highest Monthly Option Anniversary Contract Value during the previous Option Year.
See Appendix E: Nationwide Lifetime Income Capture Option Non-Lifetime Withdrawal Examples for example calculations.
When a purchase payment and any Purchase Payment Credits are applied on a date other than an Option Anniversary, the indexed simple interest roll-up value is calculated using a prorated method based upon the number of days from the date of the purchase payment to the next Option Anniversary. However, if at any time prior to the first Lifetime Withdrawal the Contract Value equals $0, no additional purchase payments will be accepted and no further benefit base calculations will be made. The Current Income Benefit Base will be set equal to the benefit base calculated on the most recent Option Anniversary minus adjustments made for excess withdrawals after that date, and the initial Lifetime Withdrawal Amount will be based on that Current Income Benefit Base. Since the roll-up value is only calculated for the first 15 Option Years or prior to the first Lifetime Withdrawal, whichever comes first, any purchase payments the Contract Owner makes during that time period will increase the Current Income Benefit Base more than purchase payments made after that time period.
Non-Lifetime Withdrawal
After the first Option Anniversary, the Contract Owner may request a one-time withdrawal ("Non-Lifetime Withdrawal") without initiating the lifetime income benefit under the Nationwide Lifetime Income Capture option. The Non-Lifetime Withdrawal will not lock in the Lifetime Withdrawal Percentage and will not stop the indexed simple interest roll-up. However, the Non-Lifetime Withdrawal will reduce the Current Income Benefit Base, and consequently, the Lifetime Withdrawal Amount calculated for subsequent years. In addition, it will be subject to the CDSC provisions of the contract.
A Non-Lifetime Withdrawal will cause a reduction to four factors used to calculate the Lifetime Withdrawal Amount: (1) the Current Income Benefit Base; (2) the Original Income Benefit Base (resulting in the Adjusted Roll-up Income Benefit Base); (3) Subsequent purchase payments and Purchase Payment Credits applied before the Non-Lifetime Withdrawal; and (4) the Monthly Option Anniversary Contract Value during the Option Year prior to the Non-Lifetime Withdrawal. All four factors are reduced by a figure representing the proportional amount of the withdrawal, as follows:
Reduction to Current Income
Benefit Base 		=
Gross dollar
amount of the Non-Lifetime
Withdrawal 		X Current Income Benefit Base
prior to the Non-Lifetime Withdrawal
Contract Value prior to the
Non-Lifetime Withdrawal
    
Reduction to Original Income
Benefit Base 		= Gross dollar
amount of the Non-Lifetime
Withdrawal 		X Original Income Benefit Base
    Contract Value prior to the
Non-Lifetime Withdrawal 		   
    
Reduction to subsequent
purchase payments and
Purchase Payment Credits
applied before
the Non-Lifetime Withdrawal 		= Gross dollar
amount of the Non-Lifetime
Withdrawal 		X Subsequent purchase payments and
Purchase Payment Credits
applied before
the Non-Lifetime Withdrawal
Contract Value prior to the
Non-Lifetime Withdrawal
52

 

Reduction to Monthly Option
Anniversary Contract Value
during the Option Year
and prior to the Non-Lifetime
Withdrawal 		=
Gross dollar
amount of the Non-Lifetime
Withdrawal 		X highest Monthly Option
Anniversary Contract Value
during the Option Year
and prior to the Non-Lifetime
Withdrawal
Contract Value prior to the
Non-Lifetime Withdrawal
All Non-Lifetime Withdrawal requests must be made on a Nationwide form which is available by contacting the Service Center. If the Contract Owner requests a withdrawal without using the Nationwide form, the withdrawal request will be treated as a Lifetime Withdrawal request and will not be treated as a request for a Non-Lifetime Withdrawal.
A Non-Lifetime Withdrawal cannot be taken after the Contract Owner initiates the Lifetime Withdrawals.
Lifetime Withdrawals
At any time after the Nationwide Lifetime Income Capture option is elected, the Contract Owner may begin taking the lifetime income benefit by taking a Lifetime Withdrawal from the contract. Unless the Contract Owner requests a one-time Non-Lifetime Withdrawal, the first withdrawal under the contract constitutes the first Lifetime Withdrawal, even if such withdrawal is taken to meet minimum distribution requirements under the Internal Revenue Code or is taken to pay advisory or investment management fees. Nationwide will surrender Accumulation Units proportionally from the Sub-Accounts as of the date of the withdrawal request. As with any withdrawal, Lifetime Withdrawals reduce the Contract Value and consequently, the amount available for annuitization.
At the time of the first Lifetime Withdrawal, the Roll-up and Roll-up Value terminate and the Current Income Benefit Base is locked in and will not change except as a result of the following:
• an automatic reset (discussed later in this provision);
• the Attained Age Income Benefit Base calculation (discussed later in this provision); or
• the Contract Owner:
❍ takes excess withdrawals;
❍ submits additional purchase payments; or
❍ elects a reset opportunity (discussed later in this provision).
As long as the Nationwide Lifetime Income Capture option is in effect, additional purchase payments submitted after the first Lifetime Withdrawal will increase the Current Income Benefit Base by the amount of the purchase payment.
The Lifetime Withdrawal Percentage is determined based on the age of the Contract Owner at the time of the first Lifetime Withdrawal.
See Appendix F: Historical Rates, Periods, and Percentages for the Nationwide Lifetime Income Capture option’s Lifetime Withdrawal Percentages. The Lifetime Withdrawal Percentages applicable to a contract are determined by the date the application was signed and received in good order by Nationwide. Lifetime Withdrawal Percentages applicable in time periods other than the time period when the application was signed and received in good order by Nationwide are not applicable to the contract.
For contracts that elect the Joint Option for the Nationwide Lifetime Income Capture option, the Lifetime Withdrawal Percentages will be equal to or less than the Lifetime Withdrawal Percentages for the Nationwide Lifetime Income Capture option (see Joint Option for the Nationwide Lifetime Income Capture Option).
Note: The Internal Revenue Code requires that IRAs, SEP IRAs, Simple IRAs, and Investment-Only Contracts begin distributions no later than April 1 of the calendar year following the calendar year in which the Contract Owner reaches age 70½. Contract Owners subject to minimum required distribution rules may not be able to take advantage of the Lifetime Withdrawal Percentages available at higher age bands if distributions are taken from the contract to meet these Internal Revenue Code requirements. Contract Owners who elect not to take minimum required distributions from this contract, i.e., they take minimum required distributions from other sources, may be able to take advantage of Lifetime Withdrawal Percentages at the higher age bands. Consult a qualified tax advisor for more information.
At the time of the first Lifetime Withdrawal, the Lifetime Withdrawal Percentage (which remains the same) is multiplied by the Current Income Benefit Base to determine the initial Lifetime Withdrawal Amount for that year.
53

 

On each Option Anniversary after the first Lifetime Withdrawal is taken, the Lifetime Withdrawal Percentage (which remains the same) is multiplied by the Current Income Benefit Base to determine the Lifetime Withdrawal Amount for that year. The Current Income Benefit Base will equal the greater of:
(1) Current Income Benefit Base: the Current Income Benefit Base on the prior Option Anniversary, plus any purchase payments submitted and Purchase Payment Credits applied after the prior Option Anniversary, or
  Note: The Current Income Benefit Base may change due to excess withdrawals, automatic resets, or election of a non-automatic reset opportunity (all discussed later in this provision). If the Non-Lifetime Withdrawal is taken in the same Option Year as the first Lifetime Withdrawal, then for the first Option Anniversary after the first Lifetime Withdrawal, the Current Income Benefit Base on the prior Option Anniversary will be proportionally reduced as described in the Non-Lifetime Withdrawal section;
(2) Attained Age Income Benefit Base: determined based on the following formula:
   
Contract Value on the then current
Option Anniversary prior to processing any
purchase payments, Purchase Payment Credits,
or withdrawals on that day 		X Attained Age
Lifetime Withdrawal
Percentage
Lifetime Withdrawal Percentage    
The Attained Age Lifetime Withdrawal Percentage (which does not remain the same) is determined based on the age of the Contract Owner on the Option Anniversary.
See Appendix F: Historical Rates, Periods, and Percentages for the Nationwide Lifetime Income Capture option’s Attained Age Lifetime Withdrawal Percentages. The Attained Age Lifetime Withdrawal Percentages applicable to a contract are determined by the date the application was signed and received in good order by Nationwide. Attained Age Lifetime Withdrawal Percentages applicable in time periods other than the time period when the application was signed and received in good order by Nationwide are not applicable to the contract.
For contracts that elect the Joint Option for the Nationwide Lifetime Income Capture option, the Attained Age Lifetime Withdrawal Percentages will be equal to or less than the Attained Age Lifetime Withdrawal Percentages for the Nationwide Lifetime Income Capture option (see Joint Option for the Nationwide Lifetime Income Capture Option).
Contract Owners may cancel the attained age feature of the Nationwide Lifetime Income Capture option by cancelling the automatic reset feature discussed later in this section.
The Lifetime Withdrawal Amount is the maximum amount that can be withdrawn from the contract before the next Option Anniversary without reducing the Current Income Benefit Base. The ability to withdraw the Lifetime Withdrawal Amount will continue until the earlier of the Contract Owner's death or annuitization (assuming the Current Income Benefit Base is not depleted and the option remains in force).
The Contract Owner can elect to set up Systematic Withdrawals or can request each withdrawal separately. All Lifetime Withdrawal requests must be made on a Nationwide form available by contacting the Service Center.
Each year's Lifetime Withdrawal Amount is non-cumulative. A Contract Owner cannot take a previous year's Lifetime Withdrawal Amount in a subsequent year without causing an excess withdrawal (discussed herein) that will reduce the Current Income Benefit Base. Although Lifetime Withdrawals up to the Lifetime Withdrawal Amount do not reduce the Current Income Benefit Base, they do reduce the Contract Value and the death benefit.
Once the Contract Value falls to $0 (which could result from Contract Owner withdrawals, market performance, charges, or any combination thereof), the Contract Owner is no longer permitted to submit additional purchase payments or take withdrawals in excess of the Lifetime Withdrawal Amount. Additionally, there is no Contract Value to annuitize, making the payment of the benefit associated with this option (the payment of Lifetime Withdrawals) the only income stream producing benefit remaining in the contract.
Impact of Withdrawals in Excess of the Lifetime Withdrawal Amount
The Contract Owner is permitted to withdraw Contract Value in excess of that year’s Lifetime Withdrawal Amount provided that the Contract Value is greater than $0. Withdrawals in excess of the Lifetime Withdrawal Amount will reduce the Current Income Benefit Base, and consequently, the Lifetime Withdrawal Amount calculated for subsequent years. In the event of excess withdrawals, the Current Income Benefit Base will be reduced by the greater of:
54

 

(1) the gross dollar amount of the withdrawal in excess of the Lifetime Withdrawal Amount; or
(2) a figure representing the proportional amount of the withdrawal. This amount is determined by the following formula:
   
Gross dollar amount
of the
excess withdrawal 		X Current Income
Benefit Base
prior to the withdrawal
Contract Value (reduced by the amount of the Lifetime Withdrawal Amount withdrawn)
In situations where the Contract Value exceeds the existing Current Income Benefit Base, excess withdrawals will typically result in a dollar amount reduction to the new Current Income Benefit Base. In situations where the Contract Value is less than the existing Current Income Benefit Base, excess withdrawals will typically result in a proportional reduction to the new Current Income Benefit Base.
The extent to which excess withdrawals negatively impact the overall benefit received under the Nationwide Lifetime Income Capture option depends on market conditions and other factors that are specific to each contract. Consult with an advisor to determine what is best based on the Contract Owner’s individual financial situation and needs.
Note: If the Contract Value falls to $0 as a result of an excess withdrawal, the Current Income Benefit Base will be reduced to $0 and the contract will terminate.
RMD Privilege
Currently, Nationwide allows for an "RMD privilege" whereby Nationwide permits a Contract Owner to withdraw Contract Value in excess of the Lifetime Withdrawal Amount without reducing the Current Income Benefit Base if such excess withdrawal is for the sole purpose of meeting Internal Revenue Code required minimum distributions for this contract. In order to qualify for the RMD privilege, the Contract Owner must:
(1) be at least 70½ years old as of the date of the request;
(2) own the contract as an IRA, SEP IRA, Simple IRA, Tax Sheltered Annuity or Investment-Only Contract; and
(3) submit a completed administrative form in advance of the withdrawal to the Service Center.
Nationwide reserves the right to modify or eliminate the RMD privilege if there is any change to the Internal Revenue Code or IRS rules relating to required minimum distributions, including the issuance of relevant IRS guidance. If Nationwide exercises this right, Nationwide will provide notice to Contract Owners and any withdrawal in excess of the Lifetime Withdrawal Amount will reduce the remaining Current Income Benefit Base.
Once the Contract Value falls to $0 (which could result from Contract Owner withdrawals, market performance, charges, or any combination thereof), the Contract Owner is no longer permitted to submit additional purchase payments or take withdrawals in excess of the Lifetime Withdrawal Amount. Additionally, there is no Contract Value to annuitize, making the payment of the benefit associated with this option (the payment of Lifetime Withdrawals) the only income stream producing benefit remaining in the contract.
Reset Opportunities
Nationwide offers an automatic reset of the Current Income Benefit Base. Prior to the first Lifetime Withdrawal, if on any Option Anniversary, the current Contract Value or the highest Monthly Option Anniversary Contract Value during the previous Option Year exceeds the Current Income Benefit Base, Nationwide will automatically reset the Current Income Benefit Base to equal the higher Contract Value. This higher amount will be the new Current Income Benefit Base. This automatic reset will continue until the first Lifetime Withdrawal or until either the current charge or the list of permitted investment options associated with the Nationwide Lifetime Income Capture option changes. After the first Lifetime Withdrawal, on each Option Anniversary, the Current Income Benefit Base may be reset to the Attained Age Income Benefit Base, and this automatic reset will continue until either the current charge or the list of permitted investment options associated with the Nationwide Lifetime Income Capture option changes.
In the event the current charge or the list of permitted investment options of the Nationwide Lifetime Income Capture option changes, the reset opportunities still exist, but are no longer automatic. An election to reset the Current Income Benefit Base must be made by the Contract Owner to Nationwide. On or about each Option Anniversary, Nationwide will
55

 

provide the Contract Owner with information necessary to make this determination. Specifically, Nationwide will provide: the Contract Value; the Current Income Benefit Base; the current terms and conditions associated with the Nationwide Lifetime Income Capture option; and instructions on how to communicate an election to reset the benefit base.
If the Contract Owner elects to reset the Current Income Benefit Base, it will be at the then current terms and conditions of the option as described in the most current prospectus. If Nationwide does not receive a Contract Owner's election to reset the Current Income Benefit Base within 60 days after the Option Anniversary, Nationwide will assume that the Contract Owner does not wish to reset the Current Income Benefit Base. If the Current Income Benefit Base is not reset, it will remain the same, the attained age feature (as described in the Lifetime Withdrawals section) will be cancelled, and the terms and conditions of the Nationwide Lifetime Income Capture option will not change (as applicable to that particular contract).
Contract Owners may cancel the automatic reset feature of the Nationwide Lifetime Income Capture option by notifying Nationwide as to such election.
Annuitization
If the Contract Owner elects to annuitize the contract, this option will terminate. Specifically, the charge associated with the option will no longer be assessed and all benefits associated with the Nationwide Lifetime Income Capture option will terminate.
Death of Determining Life
For contracts with no Joint Option, upon the death of the determining life, the benefits associated with the option terminate. If the Contract Owner is also the Annuitant, the death benefit will be paid in accordance with the Death Benefits provision. If the Contract Owner is not the Annuitant, the Contract Value will be distributed as described in Appendix C: Contract Types and Tax Information.
For contracts with the Joint Option, upon the death of the determining life, the surviving spouse continues to receive the same benefit associated with the Nationwide Lifetime Income Capture option which had been received by the deceased spouse, for the remainder of the survivor's lifetime. The Contract Value will reflect the death benefit and the Spousal Protection Feature.
Tax Treatment
Although the tax treatment for Lifetime Withdrawals under withdrawal benefits such as the Nationwide Lifetime Income Capture option is not clear, Nationwide will treat a portion of each Lifetime Withdrawal as a taxable distribution, as follows:
First, Nationwide determines which is greater: (1) the Contract Value immediately before the Lifetime Withdrawal; or (2) the Lifetime Withdrawal Amount immediately before the Lifetime Withdrawal. That amount (the greater of (1) or (2)) minus any remaining investment in the contract at the time of the Lifetime Withdrawal will be reported as a taxable distribution.
For any Lifetime Withdrawal taken when the Contract Value is less than or equal to the total investment in the contract, Nationwide treats the Lifetime Withdrawal as a tax-free return of investment until the entire investment in the contract has been received tax-free. Once the entire investment in the contract has been received tax-free, Lifetime Withdrawals will be reported as taxable distributions. Consult a qualified tax advisor.
Automatic Termination of Nationwide Lifetime Income Capture Option
Upon termination of the Nationwide Lifetime Income Capture Option, Nationwide will no longer assess the charge associated with this option, and all benefits associated with the Nationwide Lifetime Income Capture Option will terminate. In the following instances, the Nationwide Lifetime Income Capture Option will automatically terminate:
56

 

(1) When withdrawals are taken in excess of the Lifetime Withdrawal Amount that reduce the Current Income Benefit Base to $0;
(2) On the Annuitization Date;
(3) Upon the death of the determining life for contracts with no Joint Option; or
(4) A full surrender of the contract.
Nationwide Lifetime Income Track Option
After the Contract Owner reaches age 59½ (or if the Joint Option is elected, both spouses reach age 59½) (the "Withdrawal Start Date"), the Nationwide Lifetime Income Track option provides for Lifetime Withdrawals, up to a certain amount each year, even after the Contract Value is $0, provided that the Contract Owner does not deplete the Current Income Benefit Base by taking early or excess withdrawals. Investment restrictions apply. The age of the person upon which the benefit depends (the "determining life") must be 85 or younger at the time of application. For most contracts, the determining life is that of the Contract Owner. For those contracts where the Contract Owner is a non-natural person, for purposes of this option, the determining life is that of the Annuitant, and all references in this option to "Contract Owner" shall mean Annuitant. If, in addition to the Annuitant, a Co-Annuitant or joint annuitant has been elected, the determining life will be that of the younger Annuitant. The determining life may not be changed.
Availability
For applications signed on or after June 1, 2020, the Nationwide Lifetime Income Track option is no longer available for election. Once elected, the Nationwide Lifetime Income Track option is irrevocable. The Nationwide Lifetime Income Track option is available under the contract at the time of application. The Nationwide Lifetime Income Track option is not available on beneficially owned contracts – those contracts that are inherited by a beneficiary and the beneficiary continues to hold the contract as a beneficiary (as opposed to treating the contract as his/her own) for tax purposes. However, if such contract becomes beneficially owned by the spouse of the Contract Owner, and the Joint Option for the Nationwide Lifetime Income Track option is elected, then the spouse may keep the Nationwide Lifetime Income Track option. However, once a contract becomes beneficially owned, the contract will not receive the benefit of the RMD privilege discussed later in this section. The Nationwide Lifetime Income Track option cannot be elected if the 7% Nationwide Lifetime Income Rider or Nationwide Lifetime Income Capture option is elected.
Nationwide Lifetime Income Track Charge
In exchange for this lifetime withdrawal benefit, Nationwide will assess an annual charge not to exceed 1.50% of the Current Income Benefit Base. Currently, the charge for the Nationwide Lifetime Income Track option is 0.80% of the Current Income Benefit Base. The current charge will not change, except, possibly, upon the Contract Owner's election to reset the benefit base, as discussed herein. If the current charge does change, it will not exceed the maximum charge of 1.50% of the Current Income Benefit Base.
The charge will be assessed on each Option Anniversary and will be deducted via redemption of Accumulation Units. The charge will be assessed until annuitization. A prorated charge will also be deducted upon full surrender of the contract. Accumulation Units will be redeemed proportionally from each Sub-Account in which the Contract Owner is invested at the time the charge is taken. Amounts redeemed as the Nationwide Lifetime Income Track option charge will not negatively impact calculations associated with other benefits elected or available under the contract, will not be subject to a CDSC, and will not reduce amounts available under the CDSC-free withdrawal privilege.
Nationwide Lifetime Income Track Investment Restrictions
Election of the Nationwide Lifetime Income Track option requires that the Contract Owner, until annuitization, allocate the entire Contract Value to a limited set of investment options currently available in the contract. For the list of investment options available under the Nationwide Lifetime Income Track option, see Income Benefit Investment Options. Allocation requests to investment options other than those listed in the Income Benefit Investment Options section will not be honored; they will be treated as though no allocation request was submitted. Nationwide may offer Dollar Cost Averaging for Living Benefits described in the Contract Owner Services provision. Allocation to the Fixed Account is not permitted (except as the originating account when the Contract Owner elects Dollar Cost Averaging for Living Benefits). Additionally, if this option is elected, contract loans are unavailable.
57

 

Transfers Among Permitted Investment Options
The Contract Owner may reallocate the Contract Value among the limited set of investment options in accordance with the Transfers Prior to Annuitization provision. The Contract Owner may reallocate the Contract Value within the Custom Portfolio Asset Rebalancing Service in accordance with that provision. Additionally, Contract Owners may change from the Custom Portfolio Asset Rebalancing Service to the permitted investment options, and vice versa.
Subsequent Purchase Payments
Subsequent purchase payments are permitted under the Nationwide Lifetime Income Track option as long as the Contract Value is greater than $0. There may be instances where a subsequent purchase payment creates a financial risk that Nationwide is unwilling to bear. If this occurs, Nationwide may exercise its right to refuse subsequent purchase payments which total in aggregate $50,000 or more in any calendar year. The $50,000 threshold will take into consideration all contracts issued by Nationwide to a particular Contract Owner or using the same determining life. If Nationwide exercises this right to refuse a purchase payment, the entire purchase payment that causes the aggregate amount to exceed $50,000 will be immediately returned to the Contract Owner in the same form in which it was received. Generally, Nationwide may invoke this right in times of economic instability. Contract Owners may contact the Service Center to find out if Nationwide will accept a particular subsequent purchase payment.
Determination of the Income Benefit Base Prior to the First Lifetime Withdrawal
Upon election of the Nationwide Lifetime Income Track option, the Original Income Benefit Base is equal to the Contract Value. Thereafter, Nationwide tracks, on a continuous basis, the Current Income Benefit Base which is used to calculate the Lifetime Withdrawal Amount.
The Current Income Benefit Base for the Nationwide Lifetime Income Track option will equal the highest Contract Value on any Option Anniversary (unless the Contract Owner cancels this automatic reset feature as described in Reset Opportunities) adjusted by the following:
(1) Additional purchase payments submitted after the Nationwide Lifetime Income Track option is elected. Additional purchase payments will result in an immediate increase to the Current Income Benefit Base equal to the dollar amount of the additional purchase payment(s).
(2) Early withdrawals, which are withdrawals taken from the contract prior to the Withdrawal Start Date. Early withdrawals will result in a decrease to the Current Income Benefit Base. The amount of that decrease will be the greater of (a) or (b), where:
   
(a) = the dollar amount of the early withdrawal; and
(b) = a figure representing the proportional amount of the early withdrawal. This amount is determined by the following formula:
    
Gross dollar amount
of the
early withdrawal 		X Current Income
Benefit Base
prior to the withdrawal
Contract Value    
In situations where the Contract Value exceeds the existing Current Income Benefit Base, early withdrawals will typically result in a dollar amount reduction to the new Current Income Benefit Base. In situations where the Contract Value is less than the existing Current Income Benefit Base, early withdrawals will typically result in a proportional reduction to the new Current Income Benefit Base.
(3) If requested, a one-time Non-Lifetime Withdrawal. A Non-Lifetime Withdrawal will result in a decrease to the Current Income Benefit Base. The amount of that decrease will be a figure representing the proportional amount of the Non-Lifetime Withdrawal. This amount is determined by the following formula:
   
Gross dollar amount
of the
Non-Lifetime Withdrawal 		X Current Income
Benefit Base
prior to the Non-Lifetime Withdrawal
Contract Value
58

 

If at any time prior to the first Lifetime Withdrawal the Contract Value equals $0, no additional purchase payments will be accepted and no further benefit base calculations will be made. The Nationwide Lifetime Income Track option provides for Lifetime Withdrawals, up to a certain amount each year (the Lifetime Withdrawal Amount), even after the Contract Value is $0, provided that the Contract Owner does not deplete the Current Income Benefit Base by taking early or excess withdrawals.
Non-Lifetime Withdrawal
After the later of the first Option Anniversary or the Withdrawal Start Date, the Contract Owner may request a one-time withdrawal ("Non-Lifetime Withdrawal") without initiating the lifetime income benefit under the Nationwide Lifetime Income Track option. The Non-Lifetime Withdrawal will not lock in the Lifetime Withdrawal Percentage. However, the Non-Lifetime Withdrawal will reduce the Current Income Benefit Base by the proportional amount of the withdrawal. In addition, it will be subject to the CDSC provisions of the contract. The proportional amount of the withdrawal is determined by the following formula:
Gross dollar amount
of the
Non-Lifetime Withdrawal 		X Current Income
Benefit Base
prior to the Non-Lifetime Withdrawal
Contract Value
All Non-Lifetime Withdrawal requests must be made on a Nationwide form which is available by contacting the Service Center. If the Contract Owner requests a withdrawal without using the Nationwide form, the withdrawal request will be treated as a Lifetime Withdrawal request and will not be treated as a request for a Non-Lifetime Withdrawal.
A Non-Lifetime Withdrawal cannot be taken after the Contract Owner initiates the Lifetime Withdrawals.
Lifetime Withdrawals
At any time after the Withdrawal Start Date, the Contract Owner may begin taking the lifetime income benefit by taking a withdrawal from the contract. Unless the Contract Owner requests a one-time Non-Lifetime Withdrawal, the first withdrawal after the Withdrawal Start Date constitutes the first Lifetime Withdrawal, even if such withdrawal is taken to meet minimum distribution requirements under the Internal Revenue Code or is taken to pay advisory or investment management fees. Nationwide will surrender Accumulation Units proportionally from the Sub-Accounts as of the date of the withdrawal request. As with any withdrawal, Lifetime Withdrawals reduce the Contract Value and consequently, the amount available for annuitization.
At the time of the first Lifetime Withdrawal, the Current Income Benefit Base is locked in and will not change unless the Contract Owner takes excess withdrawals, elects a reset opportunity (both discussed later in this provision), or submits additional purchase payments. As long as the Nationwide Lifetime Income Track option is in effect, additional purchase payments submitted after the first Lifetime Withdrawal will increase the Current Income Benefit Base by the amount of the purchase payment.
Simultaneously, the Lifetime Withdrawal Percentage is determined based on the age of the Contract Owner at the time of the first Lifetime Withdrawal as indicated in the following tables:
If the first Lifetime Withdrawal is taken prior to the fifth Option Anniversary:
Contract Owner’s Age
(at time of first Lifetime Withdrawal) 		  59½ through 64   65 through 74   75 through 80   81 and older
Lifetime Withdrawal Percentage
   4.00%   4.50%   5.00%   5.50%
If the first Lifetime Withdrawal is taken on or after the fifth Option Anniversary:
Contract Owner’s Age
(at time of first Lifetime Withdrawal) 		  59½ through 64   65 through 74   75 through 80   81 and older
Lifetime Withdrawal Percentage
   4.50%   5.00%   5.50%   6.00%
For contracts that elect the Joint Option for the Nationwide Lifetime Income Track option, the Lifetime Withdrawal Percentages will be equal to or less than the Lifetime Withdrawal Percentages above (see Joint Option for the Nationwide Lifetime Income Track Option).
59

 

A Contract Owner will receive the greatest Lifetime Withdrawal Percentage only if he or she does not take a Lifetime Withdrawal from the contract prior the fifth Option Anniversary and prior to age 81. Note: The Internal Revenue Code requires that IRAs, SEP IRAs, Simple IRAs, and Investment-Only Contracts begin distributions no later than April 1 of the calendar year following the calendar year in which the Contract Owner reaches age 70½. Contract Owners subject to minimum required distribution rules may not be able to take advantage of the Lifetime Withdrawal Percentages available at higher age bands if distributions are taken from the contract to meet these Internal Revenue Code requirements. Contract Owners who elect not to take minimum required distributions from this contract, i.e., they take minimum required distributions from other sources, may be able to take advantage of Lifetime Withdrawal Percentages at the higher age bands. Consult a qualified tax advisor for more information.
At the time of the first Lifetime Withdrawal and on each Option Anniversary thereafter, the Lifetime Withdrawal Percentage (which remains the same) is multiplied by the Current Income Benefit Base to determine the Lifetime Withdrawal Amount for that year. The Lifetime Withdrawal Amount is the maximum amount that can be withdrawn from the contract before the next Option Anniversary without reducing the Current Income Benefit Base. The ability to withdraw the Lifetime Withdrawal Amount will continue until the earlier of the Contract Owner's death or annuitization (assuming the Current Income Benefit Base is not depleted as a result of an excess withdrawal, and the option remains in force).
The Contract Owner can elect to set up Systematic Withdrawals or can request each withdrawal separately. All Lifetime Withdrawal requests must be made on a Nationwide form available by contacting the Service Center.
Each year's Lifetime Withdrawal Amount is non-cumulative. A Contract Owner cannot take a previous year's Lifetime Withdrawal Amount in a subsequent year without causing an excess withdrawal (discussed herein) that will reduce the Current Income Benefit Base. Although Lifetime Withdrawals up to the Lifetime Withdrawal Amount do not reduce the Current Income Benefit Base, they do reduce the Contract Value and the death benefit.
Once the Contract Value falls to $0 (which could result from Contract Owner withdrawals, market performance, charges, or any combination thereof), the Contract Owner is no longer permitted to submit additional purchase payments or take withdrawals in excess of the Lifetime Withdrawal Amount. Additionally, there is no Contract Value to annuitize, making the payment of the benefit associated with this option (the payment of Lifetime Withdrawals) the only income stream producing benefit remaining in the contract.
Impact of Withdrawals in Excess of the Lifetime Withdrawal Amount
After the Withdrawal Start Date, the Contract Owner is permitted to withdraw Contract Value in excess of the Lifetime Withdrawal Amount provided that the Contract Value is greater than $0. Withdrawals in excess of the Lifetime Withdrawal Amount will reduce the Current Income Benefit Base, and consequently, the Lifetime Withdrawal Amount calculated for subsequent years. In the event of excess withdrawals, the Current Income Benefit Base will be reduced by the greater of:
(1) the gross dollar amount of the withdrawal in excess of the Lifetime Withdrawal Amount; or
(2) a figure representing the proportional amount of the withdrawal. This amount is determined by the following formula:
   
Gross dollar amount
of the
excess withdrawal 		X Current Income
Benefit Base
prior to the withdrawal
Contract Value (reduced by the amount of the Lifetime Withdrawal Amount withdrawn)
In situations where the Contract Value exceeds the existing Current Income Benefit Base, excess withdrawals will typically result in a dollar amount reduction to the new Current Income Benefit Base. In situations where the Contract Value is less than the existing Current Income Benefit Base, excess withdrawals will typically result in a proportional reduction to the new Current Income Benefit Base.
The extent to which excess withdrawals negatively impact the overall benefit received under the Nationwide Lifetime Income Track option depends on market conditions and other factors that are specific to each contract. Consult with an advisor to determine what is best based on the Contract Owner’s individual financial situation and needs.
Note: If the Contract Value falls to $0 as a result of an excess withdrawal, the Current Income Benefit Base will be reduced to $0 and the contract will terminate.
60

 

RMD Privilege
Currently, Nationwide allows for an "RMD privilege" whereby Nationwide permits a Contract Owner to withdraw Contract Value in excess of the Lifetime Withdrawal Amount without reducing the Current Income Benefit Base if such excess withdrawal is for the sole purpose of meeting Internal Revenue Code required minimum distributions for this contract. This RMD privilege does not apply to beneficially owned contracts. In order to qualify for the RMD privilege, the Contract Owner must:
(1) be at least 70½ years old as of the date of the request;
(2) own the contract as an IRA, SEP IRA, Simple IRA, Tax Sheltered Annuity or Investment-Only Contract; and
(3) submit a completed administrative form in advance of the withdrawal to the Service Center.
Nationwide reserves the right to modify or eliminate the RMD privilege if there is any change to the Internal Revenue Code or IRS rules relating to required minimum distributions, including the issuance of relevant IRS guidance. If Nationwide exercises this right, Nationwide will provide notice to Contract Owners and any withdrawal in excess of the Lifetime Withdrawal Amount will reduce the remaining Current Income Benefit Base.
Once the Contract Value falls to $0 (which could result from Contract Owner withdrawals, market performance, charges, or any combination thereof), the Contract Owner is no longer permitted to submit additional purchase payments or take withdrawals in excess of the Lifetime Withdrawal Amount. Additionally, there is no Contract Value to annuitize, making the payment of the benefit associated with this option (the payment of Lifetime Withdrawals) the only income stream producing benefit remaining in the contract.
Difference between Early Withdrawals and Excess Withdrawals
Early withdrawals and excess withdrawals vary in their impact on the Current Income Benefit Base.
Early withdrawals are taken before the Withdrawal Start Date and the entire amount of the early withdrawal is considered when calculating the reduction to the Current Income Benefit Base.
Excess withdrawals are taken after the Withdrawal Start Date, when the Contract Owner takes withdrawals in excess of the Lifetime Withdrawal Amount, and only the amount in excess of the Lifetime Withdrawal Amount is considered when calculating the reduction to the Current Income Benefit Base.
This means that early withdrawals will have a greater overall negative impact on the Current Income Benefit Base than excess withdrawals, because early withdrawals will impact the Current Income Benefit Base in their entirety, where excess withdrawals will only impact the Current Income Benefit Base by the amount of the withdrawal that was in excess of the Lifetime Withdrawal Amount.
Reset Opportunities
Nationwide offers an automatic reset of the Current Income Benefit Base. If, on any Option Anniversary, the Contract Value exceeds the Current Income Benefit Base, Nationwide will automatically reset the Current Income Benefit Base to equal that Contract Value. This higher amount will be the new Current Income Benefit Base. This automatic reset will continue until the first Lifetime Withdrawal. After the first Lifetime Withdrawal, the automatic reset will continue until either the current charge or the list of permitted investment options associated with the Nationwide Lifetime Income Track option changes.
In the event the current charge or the list of permitted investment options of the Nationwide Lifetime Income Track option changes after the first Lifetime Withdrawal, the reset opportunities still exist, but are no longer automatic. An election to reset the Current Income Benefit Base must be made by the Contract Owner to Nationwide. On or about each Option Anniversary, Nationwide will provide the Contract Owner with information necessary to make this determination. Specifically, Nationwide will provide: the Contract Value; the Current Income Benefit Base; the current terms and conditions associated with the Nationwide Lifetime Income Track option; and instructions on how to communicate an election to reset the benefit base.
If the Contract Owner elects to reset the Current Income Benefit Base, it will be at the then current terms and conditions of the option as described in the most current prospectus. If Nationwide does not receive a Contract Owner's election to reset the Current Income Benefit Base within 60 days after the Option Anniversary, Nationwide will assume that the Contract Owner does not wish to reset the Current Income Benefit Base. If the Current Income Benefit Base is not reset, it will remain the same and the terms and conditions of the Nationwide Lifetime Income Track option will not change (as applicable to that particular contract).
61

 

Contract Owners may cancel the automatic reset feature of the Nationwide Lifetime Income Track option by notifying Nationwide as to such election.
Annuitization
If the Contract Owner elects to annuitize the contract, this option will terminate. Specifically, the charge associated with the option will no longer be assessed and all benefits associated with the Nationwide Lifetime Income Track option will terminate.
Death of Determining Life
For contracts with no Joint Option, upon the death of the determining life, the benefits associated with the option terminate. If the Contract Owner is also the Annuitant, the death benefit will be paid in accordance with the Death Benefits provision. If the Contract Owner is not the Annuitant, the Contract Value will be distributed as described in Appendix C: Contract Types and Tax Information.
For contracts with the Joint Option, upon the death of the determining life, the surviving spouse continues to receive the same benefit associated with the Nationwide Lifetime Income Track option which had been received by the deceased spouse, for the remainder of the survivor's lifetime. The Contract Value will reflect the death benefit and the Spousal Protection Feature.
Tax Treatment
Although the tax treatment for Lifetime Withdrawals under withdrawal benefits such as the Nationwide Lifetime Income Track option is not clear, Nationwide will treat a portion of each Lifetime Withdrawal as a taxable distribution, as follows:
First, Nationwide determines which is greater: (1) the Contract Value immediately before the Lifetime Withdrawal; or (2) the Lifetime Withdrawal Amount immediately before the Lifetime Withdrawal. That amount (the greater of (1) or (2)) minus any remaining investment in the contract at the time of the Lifetime Withdrawal will be reported as a taxable distribution.
For any Lifetime Withdrawal taken when the Contract Value is less than or equal to the total investment in the contract, Nationwide treats the Lifetime Withdrawal as a tax-free return of investment until the entire investment in the contract has been received tax-free. Once the entire investment in the contract has been received tax-free, Lifetime Withdrawals will be reported as taxable distributions. Consult a qualified tax advisor.
Automatic Termination of Nationwide Lifetime Income Track Option
Upon termination of the Nationwide Lifetime Income Track Option, Nationwide will no longer assess the charge associated with this option, and all benefits associated with the Nationwide Lifetime Income Track Option will terminate. In the following instances, the Nationwide Lifetime Income Track Option will automatically terminate:
(1) When withdrawals are taken in excess of the Lifetime Withdrawal Amount that reduce the Current Income Benefit Base to $0;
(2) On the Annuitization Date;
(3) Upon the death of the determining life for contracts with no Joint Option; or
(4) A full surrender of the contract.
Joint Option for the Nationwide Lifetime Income Rider Plus Core, Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated, and Joint Option for the Nationwide Lifetime Income Rider Plus Max
The Joint Option for the Nationwide Lifetime Income Rider Plus Core, Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated, and Joint Option for the Nationwide Lifetime Income Rider Plus Max (herein each the "Joint Option") are available for applications signed on or after June 1, 2020. At the time the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max is elected (at time of application), the Contract Owner may elect the Joint Option (not available for contracts issued as Charitable Remainder Trusts). The Joint Option allows a surviving spouse to continue to receive, for the duration of his/her lifetime, the benefit associated with the corresponding Nationwide L.inc Plus Rider, provided certain conditions are met. Once the Joint Option is elected, it may not be removed from the contract, except as provided in the Marriage Termination section. If the Joint Option is elected, the determining life for purposes of the Nationwide L.inc Plus Rider will be that of the younger spouse.
62

 

The annual charge for the Joint Option will not exceed 0.40% of the Current Income Benefit Base. The charge will be assessed until annuitization. Currently, the charge for the Joint Option is 0.30% of the Current Income Benefit Base. If the Contract Owner elects the Joint Option, Nationwide will reduce the Lifetime Withdrawal Percentages associated with the Nationwide L.inc Plus Rider.
The Lifetime Withdrawal Percentages for the Joint Option for the Nationwide Lifetime Income Rider Plus Core, Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated, and Joint Option for the Nationwide Lifetime Income Rider Plus Max are disclosed in the Rate Sheet Supplement that is attached to the front of this prospectus delivered to you. For additional information on Rate Sheet Supplements, see Rate Sheet Supplements for the Nationwide L.inc Plus Riders.
To be eligible for the Joint Option, the following conditions must be met:
(1) Both spouses must be between 50 and 85 years old at the time of application;
(2) Both spouses must be at least age 50 before either spouse is eligible to begin withdrawals. Note: the Internal Revenue Code imposes a penalty tax if a distribution is made before the Contract Owner reaches age 59½ unless certain exceptions are met (see Appendix C: Contract Types and Tax Information);
(3) If the Contract Owner is a non-natural person, both spouses must be named as Co-Annuitants;
(4) One or both spouses (or a revocable trust of which either or both of the spouses is/are grantor(s)) must be named as the Contract Owner. For contracts issued as IRAs and Roth IRAs, only the person for whom the IRA or Roth IRA was established may be named as the Contract Owner;
(5) Both spouses must be named as primary beneficiaries;
(6) No person other than the spouse may be named as Contract Owner, Annuitant, or primary beneficiary; and
(7) If both spouses are alive upon annuitization, the Contract Owner must specify which spouse is the Annuitant upon whose continuation of life any annuity payments involving life contingencies depend (for IRA and Roth IRA contracts, this person must be the Contract Owner).
Note: The Joint Option is distinct from the Spousal Protection Feature associated with the death benefits. The Joint Option allows a surviving spouse to continue receiving the Lifetime Withdrawals associated with the Nationwide L.inc Plus Riders. In contrast, the Spousal Protection Feature is a death benefit bump-up feature associated with the death benefit.
Marriage Termination
If, prior to taking any withdrawals from the contract, the marriage terminates due to divorce, dissolution, or annulment, the Contract Owner may remove the Joint Option from the contract. Nationwide will remove the benefit and the associated charge after the Contract Owner submits to the Service Center a written request and evidence of the marriage termination satisfactory to Nationwide. Once the Joint Option is removed from the contract, the benefit may not be re-elected or added to cover a subsequent spouse.
If, after taking any withdrawals from the contract, the marriage terminates due to divorce, dissolution, or annulment, the Contract Owner may not remove the Joint Option from the contract.
Risks Associated with Electing the Joint Option
There are situations where a Contract Owner who elects the Joint Option will not receive the benefits associated with the option. This will occur if:
(1) the Contract Owner’s spouse (Co-Annuitant) dies before him/her;
(2) the contract is annuitized;
(3) after the first withdrawal, the marriage terminates due to divorce, dissolution, or annulment; or
(4) the Contract Owner, Annuitant, Co-Annuitant, and/or beneficiary is changed.
Additionally, in the situations described in (1), (3), and (4) above, not only will the Contract Owner not receive the benefit associated with the Joint Option, but he/she must continue to pay any applicable charge until annuitization.
63

 

Joint Option for the 7% Nationwide Lifetime Income Rider (formerly the 7% Spousal Continuation Benefit)
At the time the 7% Nationwide Lifetime Income ("7% Nationwide L.inc") Rider is elected (at time of application), the Contract Owner may elect the Joint Option for the 7% Nationwide Lifetime Income Rider ("Joint Option") (not available for contracts issued as Charitable Remainder Trusts). The Joint Option allows a surviving spouse to continue to receive, for the duration of his/her lifetime, the benefit associated with the 7% Nationwide L.inc Rider, provided certain conditions are met. Once the Joint Option is elected, it may not be removed from the contract, except as provided in the Marriage Termination section. If the Joint Option is elected, the determining life for purposes of the 7% Nationwide L.inc Rider will be that of the younger spouse. For applications signed on or after July 1, 2020, the Joint Option is no longer available for election.
The annual charge for the Joint Option will not exceed 0.40% of the Current Income Benefit Base. The charge will be assessed until annuitization. For contracts issued on or after January 14, 2013, or the date of state approval (whichever is later), the charge for the Joint Option is 0.30% of the Current Income Benefit Base. For contracts issued before January 14, 2013, or the date of state approval (whichever is later), there is no charge for the Joint Option. If the Contract Owner elects the Joint Option, Nationwide will reduce the Lifetime Withdrawal Percentages associated with the 7% Nationwide L.inc Rider.
See Appendix F: Historical Rates, Periods, and Percentages for the Joint Option’s Lifetime Withdrawal Percentages. The Lifetime Withdrawal Percentages applicable to a contract are determined by the date the application was signed and received in good order by Nationwide. Lifetime Withdrawal Percentages applicable in time periods other than the time period when the application was signed and received in good order by Nationwide are not applicable to the contract.
To be eligible for the Joint Option, the following conditions must be met:
(1) Both spouses must be between 50 and 85 years old at the time of application;
(2) Both spouses must be at least age 50 before either spouse is eligible to begin withdrawals. Note: the Internal Revenue Code imposes a penalty tax if a distribution is made before the Contract Owner reaches age 59½ unless certain exceptions are met (see Appendix C: Contract Types and Tax Information);
(3) If the Contract Owner is a non-natural person, both spouses must be named as Co-Annuitants;
(4) One or both spouses (or a revocable trust of which either or both of the spouses is/are grantor(s)) must be named as the Contract Owner. For contracts issued as IRAs and Roth IRAs, only the person for whom the IRA or Roth IRA was established may be named as the Contract Owner;
(5) Both spouses must be named as primary beneficiaries;
(6) No person other than the spouse may be named as Contract Owner, Annuitant, or primary beneficiary; and
(7) If both spouses are alive upon annuitization, the Contract Owner must specify which spouse is the Annuitant upon whose continuation of life any annuity payments involving life contingencies depend (for IRA and Roth IRA contracts, this person must be the Contract Owner).
Note: The Joint Option is distinct from the Spousal Protection Feature associated with the death benefits. The Joint Option allows a surviving spouse to continue receiving the Lifetime Withdrawals associated with the 7% Nationwide L.inc Rider. In contrast, the Spousal Protection Feature is a death benefit bump-up feature associated with the death benefit.
Marriage Termination
If, prior to taking any withdrawals from the contract, the marriage terminates due to divorce, dissolution, or annulment, the Contract Owner may remove the Joint Option from the contract. Nationwide will remove the benefit and the associated charge after the Contract Owner submits to the Service Center a written request and evidence of the marriage termination satisfactory to Nationwide. Once the Joint Option is removed from the contract, the benefit may not be re-elected or added to cover a subsequent spouse.
If, after taking any withdrawals from the contract, the marriage terminates due to divorce, dissolution, or annulment, the Contract Owner may not remove the Joint Option from the contract.
Risks Associated with Electing the Joint Option
There are situations where a Contract Owner who elects the Joint Option will not receive the benefits associated with the option. This will occur if:
64

 

(1) the Contract Owner’s spouse (Co-Annuitant) dies before him/her;
(2) the contract is annuitized;
(3) after the first withdrawal, the marriage terminates due to divorce, dissolution, or annulment; or
(4) the beneficiary is changed.
Additionally, in the situations described in (1), (3), and (4) above, not only will the Contract Owner not receive the benefit associated with the Joint Option, but he/she must continue to pay any applicable charge until annuitization.
Joint Option for the Nationwide Lifetime Income Capture Option
For applications signed on or after June 1, 2020, the Joint Option is no longer available for election. At the time the Nationwide Lifetime Income Capture option is elected, the Contract Owner may elect the Joint Option for the Nationwide Lifetime Income Capture option ("Joint Option"). The Joint Option is not available for contracts issued as Charitable Remainder Trusts. The Joint Option allows a surviving spouse to continue to receive, for the duration of his/her lifetime, the benefit associated with the Nationwide Lifetime Income Capture option, provided certain conditions are met. Once the Joint Option is elected, it may not be removed from the contract, except as provided in the Marriage Termination section.
The annual charge for the Joint Option will not exceed 0.40% of the Current Income Benefit Base. The charge will be assessed until annuitization. Currently, the charge for the Joint Option is 0.30% of the Current Income Benefit Base.
If the Contract Owner elects the Joint Option, Nationwide will reduce the Lifetime Withdrawal Percentages associated with the Nationwide Lifetime Income Capture option.
See Appendix F: Historical Rates, Periods, and Percentages for the Joint Option’s Lifetime Withdrawal Percentages and Attained Age Lifetime Withdrawal Percentages. The Lifetime Withdrawal Percentages and Attained Age Lifetime Withdrawal Percentages applicable to a contract are determined by the date the application was signed and received in good order by Nationwide. Lifetime Withdrawal Percentages and Attained Age Lifetime Withdrawal Percentages applicable in time periods other than the time period when the application was signed and received in good order by Nationwide are not applicable to the contract.
To be eligible for the Joint Option, the following conditions must be met:
(1) Both spouses must be between 50 and 85 years old at the time of application;
(2) Both spouses must be at least age 50 before either spouse is eligible to begin Lifetime Withdrawals. Note: the Internal Revenue Code imposes a penalty tax if a distribution is made before the Contract Owner reaches age 59½ unless certain exceptions are met (see Appendix C: Contract Types and Tax Information);
(3) If the Contract Owner is a non-natural person, both spouses must be named as Co-Annuitants;
(4) One or both spouses (or a revocable trust of which either or both of the spouses is/are grantor(s)) must be named as the Contract Owner. For contracts issued as IRAs and Roth IRAs, only the person for whom the IRA or Roth IRA was established may be named as the Contract Owner;
(5) Both spouses must be named as primary beneficiaries;
(6) No person other than the spouse may be named as Contract Owner, Annuitant, or primary beneficiary; and
(7) If both spouses are alive upon annuitization, the Contract Owner must specify which spouse is the Annuitant upon whose continuation of life any annuity payments involving life contingencies depend (for IRA and Roth IRA contracts, this person must be the Contract Owner).
Note: The Joint Option is distinct from the Spousal Protection Feature associated with the death benefits. The Joint Option allows a surviving spouse to continue receiving the Lifetime Withdrawals associated with the Nationwide Lifetime Income Capture option. In contrast, the Spousal Protection Feature is a death benefit bump-up feature associated with the death benefits.
Marriage Termination
If, prior to taking the first Lifetime Withdrawal, the marriage terminates due to divorce, dissolution, or annulment, the Contract Owner may remove the Joint Option from the contract. Nationwide will remove the benefit and the associated charge after the Contract Owner submits to the Service Center a written request and evidence of the marriage termination
65

 

satisfactory to Nationwide. In addition, the reduction to the Lifetime Withdrawal Percentages will no longer apply and the Lifetime Withdrawal Percentages will be those that would have applied if the Joint Option had never been elected. Once the Joint Option is removed from the contract, the benefit may not be re-elected or added to cover a subsequent spouse.
If, after taking the first Lifetime Withdrawal, the marriage terminates due to divorce, dissolution, or annulment, the Contract Owner may not remove the Joint Option from the contract.
Risks Associated with Electing the Joint Option
There are situations where a Contract Owner who elects the Joint Option will not receive the benefits associated with the option. This will occur if:
(1) the Contract Owner's spouse (Co-Annuitant) dies before him/her;
(2) the contract is annuitized;
(3) after the first Lifetime Withdrawal, the marriage terminates due to divorce, dissolution, or annulment; or
(4) the beneficiary is changed.
Additionally, in the situations described in (1), (3), and (4) above, not only will the Contract Owner not receive the benefit associated with the Joint Option, but he/she must continue to pay any applicable charge until annuitization.
Joint Option for the Nationwide Lifetime Income Track Option
For applications signed on or after June 1, 2020, the Joint Option is no longer available for election. At the time the Nationwide Lifetime Income Track option is elected (at time of application), the Contract Owner may elect the Joint Option for the Nationwide Lifetime Income Track option ("Joint Option"). The Joint Option is not available for contracts issued as Charitable Remainder Trusts. The Joint Option allows a surviving spouse to continue to receive, for the duration of his/her lifetime, the benefit associated with the Nationwide Lifetime Income Track option, provided certain conditions are met. Once the Joint Option is elected, it may not be removed from the contract, except as provided in the Marriage Termination section.
The annual charge for the Joint Option will not exceed 0.40% of the Current Income Benefit Base. The charge will be assessed until annuitization. Currently, the charge for the Joint Option is 0.15% of the Current Income Benefit Base.
If the Contract Owner elects the Joint Option, Nationwide will reduce the Lifetime Withdrawal Percentages associated with the Nationwide Lifetime Income Track option as follows:
If the first Lifetime Withdrawal is taken prior to the fifth Option Anniversary:
Contract Owner’s Age
(at time of first Lifetime Withdrawal) 		  59½ through 64   65 through 74   75 through 80   81 and older
Lifetime Withdrawal Percentage
   3.75%   4.25%   4.75%   5.25%
If the first Lifetime Withdrawal is taken on or after the fifth Option Anniversary:
Contract Owner’s Age
(at time of first Lifetime Withdrawal) 		  59½ through 64   65 through 74   75 through 80   81 and older
Lifetime Withdrawal Percentage
   4.25%   4.75%   5.25%   5.75%
If the Contract Owner elects the Joint Option, the Lifetime Withdrawal Percentage will be based on the age of the younger spouse as of the date of the first Lifetime Withdrawal from the contract.
To be eligible for the Joint Option, the following conditions must be met:
66

 

(1) Both spouses must be age 85 or younger at the time of application;
(2) Both spouses must be at least age 59½ before either spouse is eligible to begin Lifetime Withdrawals;
(3) If the Contract Owner is a non-natural person, both spouses must be named as Co-Annuitants;
(4) One or both spouses (or a revocable trust of which either or both of the spouses is/are grantor(s)) must be named as the Contract Owner. For contracts issued as IRAs and Roth IRAs, only the person for whom the IRA or Roth IRA was established may be named as the Contract Owner;
(5) Both spouses must be named as primary beneficiaries;
(6) No person other than the spouse may be named as Contract Owner, Annuitant, or primary beneficiary; and
(7) If both spouses are alive upon annuitization, the Contract Owner must specify which spouse is the Annuitant upon whose continuation of life any annuity payments involving life contingencies depend (for IRA and Roth IRA contracts, this person must be the Contract Owner).
Note: The Joint Option is distinct from the Spousal Protection Feature associated with the death benefits. The Joint Option allows a surviving spouse to continue receiving the Lifetime Withdrawals associated with the Nationwide Lifetime Income Track option. In contrast, the Spousal Protection Feature is a death benefit bump-up feature associated with the death benefits.
Marriage Termination
If, prior to taking the first Lifetime Withdrawal, the marriage terminates due to divorce, dissolution, or annulment, the Contract Owner may remove the Joint Option from the contract. Nationwide will remove the benefit and the associated charge after the Contract Owner submits to the Service Center a written request and evidence of the marriage termination satisfactory to Nationwide. In addition, the reduction to the Lifetime Withdrawal Percentages will no longer apply and the Lifetime Withdrawal Percentages will be those that would have applied if the Joint Option had never been elected. Once the Joint Option is removed from the contract, the benefit may not be re-elected or added to cover a subsequent spouse.
If, after taking the first Lifetime Withdrawal, the marriage terminates due to divorce, dissolution, or annulment, the Contract Owner may not remove the Joint Option from the contract.
Risks Associated with Electing the Joint Option
There are situations where a Contract Owner who elects the Joint Option will not receive the benefits associated with the option. This will occur if:
(1) the Contract Owner's spouse (Co-Annuitant) dies before him/her;
(2) the contract is annuitized;
(3) after the first Lifetime Withdrawal, the marriage terminates due to divorce, dissolution, or annulment; or
(4) the beneficiary is changed.
Additionally, in the situations described in (1), (3), and (4) above, not only will the Contract Owner not receive the benefit associated with the Joint Option, but he/she must continue to pay any applicable charge until annuitization.
Income Benefit Investment Options
Only certain investment options are available to Contract Owners that elect the 7% Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture option, or Nationwide Lifetime Income Track option,, and unless the Custom Choice Asset Rebalancing Service is elected, only certain investment options are available to Contract Owners that elect the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max. The investment options available under each optional living benefit are chosen by Nationwide based on each investment option’s risk characteristics. The permitted investment options are more conservative than those that are not permitted. This helps Nationwide manage its obligation to provide Contract Owners with Lifetime Withdrawals by reducing the likelihood that it will have to make unanticipated payments. By electing an optional living benefit and accepting the limited menu of investment options, Contract Owners may be foregoing investment gains that could otherwise be realized by investing in riskier investment options that are not available under the optional living benefit. Only the investment options shown below are available for election.
67

 

Note: Some of the underlying mutual funds listed are funds of funds and/or funds that are designed to help reduce a Contract Owner's exposure to equity investments when equity markets are more volatile. Additionally, some of the indicated underlying mutual funds may not be available to a particular Contract Owner due to the date the contract was issued. Refer to Appendix A: Underlying Mutual Fund Information for more information regarding underlying mutual fund designations and availability.
Nationwide Lifetime Income Rider Plus Core
• Custom Choice Asset Rebalancing Service
• Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II
• Static Asset Allocation Models - American Funds Moderate Option (40% NVIT American Funds Growth-Income Fund, 40% NVIT American Funds Asset Allocation Fund and 20% NVIT American Funds Bond Fund)
• Static Asset Allocation Models - American Funds Managed Moderate Option (40% NVIT - NVIT Managed American Funds Growth-Income Fund, 40% NVIT - NVIT Managed American Funds Asset Allocation Fund and 20% NVIT - NVIT American Funds Bond Fund)
• Static Asset Allocation Models - Nationwide Variable Insurance Trust iShares Moderate Option (60% Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II and 40% Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II)
• Static Asset Allocation Models – BlackRock Moderate Option (40% NVIT BlackRock Equity Dividend V.I. Fund, 33% NVIT BlackRock Managed Global Allocation Fund and 27% BlackRock Total Return V.I. Fund)
• Static Asset Allocation Models - Fidelity® VIP Funds Moderate Option (40% Fidelity VIP Growth & Income Portfolio - Service Class 2, 30% Fidelity VIP Balanced Portfolio - Service Class 2 and 30% Fidelity VIP Investment Grade Bond Portfolio - Service Class 2)
• Static Asset Allocation Models - J.P. Morgan Moderate Option (40% NVIT - NVIT J.P.Morgan Disciplined Equity Fund, 40% NVIT - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund and 20% JPMorgan Insurance Trust Core Bond Portfolio)
Nationwide Lifetime Income Rider Plus Core (The following static asset allocation models are only available in contracts for applications signed before July 1, 2020)
• Static Asset Allocation Models - American Funds Option (33% NVIT American Funds Asset Allocation Fund, 33% NVIT American Funds Bond Fund and 34% NVIT American Funds Growth-Income Fund)
• Static Asset Allocation Models - American Funds Managed Option (33% NVIT - NVIT American Funds Bond Fund, 33% NVIT - NVIT Managed American Funds Asset Allocation Fund, 34% NVIT - NVIT Managed American Funds Growth-Income Fund)
• Static Asset Allocation Models - BlackRock Option (34% NVIT BlackRock Equity Dividend V.I. Fund, 33% NVIT BlackRock Managed Global Allocation Fund, 33% BlackRock Total Return V.I. Fund)
68

 

• Static Asset Allocation Models - Fidelity® VIP Funds Option (35% Fidelity VIP Balanced Portfolio - Service Class 2, 30% Fidelity VIP Growth & Income Portfolio - Service Class 2, 35% Fidelity VIP Investment Grade Bond Portfolio - Service Class 2)
• Static Asset Allocation Models - Nationwide Variable Insurance Trust iShares Option (50% Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II, 50% Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II)
• Static Asset Allocation Models - J.P. Morgan Option (34% JPMorgan Insurance Trust Core Bond Portfolio, 33% NVIT - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund, 33% NVIT - NVIT J.P. Morgan U.S. Equity Fund: Class II)
Nationwide Lifetime Income Rider Plus Accelerated and Nationwide Lifetime Income Rider Plus Max
• Custom Choice Asset Rebalancing Service
• Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II
• Static Asset Allocation Models - American Funds Moderate Option (40% NVIT American Funds Growth-Income Fund, 40% NVIT American Funds Asset Allocation Fund and 20% NVIT American Funds Bond Fund)
• Static Asset Allocation Models - American Funds Managed Moderate Option (40% NVIT - NVIT Managed American Funds Growth-Income Fund, 40% NVIT - NVIT Managed American Funds Asset Allocation Fund and 20% NVIT - NVIT American Funds Bond Fund)
• Static Asset Allocation Models - Nationwide Variable Insurance Trust iShares Moderate Option (60% Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II and 40% Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II)
• Static Asset Allocation Models – BlackRock Moderate Option (40% NVIT BlackRock Equity Dividend V.I. Fund, 33% NVIT BlackRock Managed Global Allocation Fund and 27% BlackRock Total Return V.I. Fund)
• Static Asset Allocation Models - Fidelity® VIP Funds Moderate Option (40% Fidelity VIP Growth & Income Portfolio - Service Class 2, 30% Fidelity VIP Balanced Portfolio - Service Class 2 and 30% Fidelity VIP Investment Grade Bond Portfolio - Service Class 2)
• Static Asset Allocation Models - J.P. Morgan Moderate Option (40% NVIT - NVIT J.P.Morgan Disciplined Equity Fund, 40% NVIT - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund and 20% JPMorgan Insurance Trust Core Bond Portfolio)
69

 

Nationwide Lifetime Income Rider Plus Accelerated and Nationwide Lifetime Income Rider Plus Max (The following static asset allocation models are only available in contracts for applications signed before July 1, 2020)
• Static Asset Allocation Models - American Funds Option (33% NVIT American Funds Asset Allocation Fund, 33% NVIT American Funds Bond Fund and 34% NVIT American Funds Growth-Income Fund)
• Static Asset Allocation Models - American Funds Managed Option (33% NVIT - NVIT American Funds Bond Fund, 33% NVIT - NVIT Managed American Funds Asset Allocation Fund, 34% NVIT - NVIT Managed American Funds Growth-Income Fund)
• Static Asset Allocation Models - BlackRock Option (34% NVIT BlackRock Equity Dividend V.I. Fund, 33% NVIT BlackRock Managed Global Allocation Fund, 33% BlackRock Total Return V.I. Fund)
• Static Asset Allocation Models - Fidelity® VIP Funds Option (35% Fidelity VIP Balanced Portfolio - Service Class 2, 30% Fidelity VIP Growth & Income Portfolio - Service Class 2, 35% Fidelity VIP Investment Grade Bond Portfolio - Service Class 2)
• Static Asset Allocation Models - Nationwide Variable Insurance Trust iShares Option (50% Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II, 50% Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II)
• Static Asset Allocation Models - J.P. Morgan Option (34% JPMorgan Insurance Trust Core Bond Portfolio, 33% NVIT - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund, 33% NVIT - NVIT J.P. Morgan U.S. Equity Fund: Class II)
7% Nationwide Lifetime Income Rider
• Custom Portfolio Asset Rebalancing Service - Balanced
• Custom Portfolio Asset Rebalancing Service - Conservative
• Custom Portfolio Asset Rebalancing Service - Moderately Conservative
• Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II
• Static Asset Allocation Models - American Funds Option (33% NVIT American Funds Asset Allocation Fund, 33% NVIT American Funds Bond Fund and 34% NVIT American Funds Growth-Income Fund)
• Static Asset Allocation Models - American Funds Managed Option (33% NVIT - NVIT American Funds Bond Fund, 33% NVIT - NVIT Managed American Funds Asset Allocation Fund, 34% NVIT - NVIT Managed American Funds Growth-Income Fund)
• Static Asset Allocation Models - BlackRock Option (34% NVIT BlackRock Equity Dividend V.I. Fund, 33% NVIT BlackRock Managed Global Allocation Fund, 33% BlackRock Total Return V.I. Fund)
• Static Asset Allocation Models - Fidelity® VIP Funds Option (35% Fidelity VIP Balanced Portfolio - Service Class 2, 30% Fidelity VIP Growth & Income Portfolio - Service Class 2, 35% Fidelity VIP Investment Grade Bond Portfolio - Service Class 2)
• Static Asset Allocation Models - Nationwide Variable Insurance Trust iShares Option (50% Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II, 50% Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II)
70

 

• Static Asset Allocation Models - J.P. Morgan Option (34% JPMorgan Insurance Trust Core Bond Portfolio, 33% NVIT - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund, 33% NVIT - NVIT J.P. Morgan U.S. Equity Fund: Class II)
Nationwide Lifetime Income Capture Option
• Custom Portfolio Asset Rebalancing Service - Balanced
• Custom Portfolio Asset Rebalancing Service - Conservative
• Custom Portfolio Asset Rebalancing Service - Moderate
• Custom Portfolio Asset Rebalancing Service - Moderately Conservative
• Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II
• Static Asset Allocation Models - American Funds Option (33% NVIT American Funds Asset Allocation Fund, 33% NVIT American Funds Bond Fund and 34% NVIT American Funds Growth-Income Fund)
• Static Asset Allocation Models - American Funds Managed Option (33% NVIT - NVIT American Funds Bond Fund, 33% NVIT - NVIT Managed American Funds Asset Allocation Fund, 34% NVIT - NVIT Managed American Funds Growth-Income Fund)
• Static Asset Allocation Models - BlackRock Option (34% NVIT BlackRock Equity Dividend V.I. Fund, 33% NVIT BlackRock Managed Global Allocation Fund, 33% BlackRock Total Return V.I. Fund)
• Static Asset Allocation Models - Fidelity® VIP Funds Option (35% Fidelity VIP Balanced Portfolio - Service Class 2, 30% Fidelity VIP Growth & Income Portfolio - Service Class 2, 35% Fidelity VIP Investment Grade Bond Portfolio - Service Class 2)
• Static Asset Allocation Models - Nationwide Variable Insurance Trust iShares Option (50% Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II, 50% Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II)
• Static Asset Allocation Models - J.P. Morgan Option (34% JPMorgan Insurance Trust Core Bond Portfolio, 33% NVIT - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund, 33% NVIT - NVIT J.P. Morgan U.S. Equity Fund: Class II)
Nationwide Lifetime Income Track Option
• Custom Portfolio Asset Rebalancing Service - Balanced
• Custom Portfolio Asset Rebalancing Service - Capital Appreciation
• Custom Portfolio Asset Rebalancing Service - Conservative
• Custom Portfolio Asset Rebalancing Service - Moderate
• Custom Portfolio Asset Rebalancing Service - Moderately Conservative
• Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2
• Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class 2
71

 

• Nationwide Variable Insurance Trust - NVIT American Funds Asset Allocation Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II
• Static Asset Allocation Models - American Funds Option (33% NVIT American Funds Asset Allocation Fund, 33% NVIT American Funds Bond Fund and 34% NVIT American Funds Growth-Income Fund)
• Static Asset Allocation Models - American Funds Managed Option (33% NVIT - NVIT American Funds Bond Fund, 33% NVIT - NVIT Managed American Funds Asset Allocation Fund, 34% NVIT - NVIT Managed American Funds Growth-Income Fund)
• Static Asset Allocation Models - BlackRock Option (34% NVIT BlackRock Equity Dividend V.I. Fund, 33% NVIT BlackRock Managed Global Allocation Fund, 33% BlackRock Total Return V.I. Fund)
• Static Asset Allocation Models - Fidelity® VIP Funds Option (35% Fidelity VIP Balanced Portfolio - Service Class 2, 30% Fidelity VIP Growth & Income Portfolio - Service Class 2, 35% Fidelity VIP Investment Grade Bond Portfolio - Service Class 2)
• Static Asset Allocation Models - Nationwide Variable Insurance Trust iShares Option (50% Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II, 50% Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II)
• Static Asset Allocation Models - J.P. Morgan Option (34% JPMorgan Insurance Trust Core Bond Portfolio, 33% NVIT - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund, 33% NVIT - NVIT J.P. Morgan U.S. Equity Fund: Class II)
Ownership and Interests in the Contract
Contract Owner
Prior to the Annuitization Date, the Contract Owner has all rights under the contract, unless a joint owner is named. If a joint owner is named, each joint owner has all rights under the contract. Purchasers who name someone other than themselves as the Contract Owner will have no rights under the contract.
On the Annuitization Date, the Annuitant becomes the Contract Owner, unless the Contract Owner is a Charitable Remainder Trust. If the Contract Owner is a Charitable Remainder Trust, the Charitable Remainder Trust continues to be the Contract Owner after annuitization.
Contract Owners of Non-Qualified Contracts may name a new Contract Owner at any time before the Annuitization Date. Any change of Contract Owner automatically revokes any prior Contract Owner designation. Changes in contract ownership may result in federal income taxation and may be subject to state and federal gift taxes.
72

 

Joint Owner
Joint owners each own an undivided interest in the contract.
Non-Qualified Contract Owners can name a joint owner at any time before annuitization. Joint ownership is not permitted on contracts owned by a non-natural Contract Owner.
Generally, the exercise of any ownership rights under the contract must be in writing and signed by both joint owners. However, if a written election, signed by both Contract Owners, authorizing Nationwide to allow the exercise of ownership rights independently by either joint owner is submitted, Nationwide will permit joint owners to act independently. If such an authorization is submitted, Nationwide will not be liable for any loss, liability, cost, or expense for acting in accordance with the instructions of either joint owner.
If either joint owner dies before the Annuitization Date, the contract continues with the surviving joint owner as the remaining Contract Owner.
Contingent Owner
The contingent owner succeeds to the rights of a Contract Owner if a Contract Owner who is not the Annuitant dies before the Annuitization Date and there is no surviving joint owner.
If a Contract Owner who is the Annuitant dies before the Annuitization Date, the contingent owner will not have any rights under the contract, unless such contingent owner is also the beneficiary.
The Contract Owner may name a contingent owner at any time before the Annuitization Date.
Annuitant
The Annuitant is the person who will receive annuity payments and upon whose continuation of life any annuity payment involving life contingencies depends. This person must be age 85 or younger at the time of contract issuance, unless Nationwide approves a request for an Annuitant of greater age.
Only Non-Qualified Contract Owners may name someone other than himself/herself as the Annuitant.
The Contract Owner may not name a new Annuitant without Nationwide’s consent.
Contingent Annuitant
If the Annuitant dies before the Annuitization Date, the Contingent Annuitant becomes the Annuitant. The Contingent Annuitant must be age 85 or younger at the time of contract issuance, unless Nationwide approves a request for a Contingent Annuitant of greater age.
If a Contingent Annuitant is named, all provisions of the contract that are based on the Annuitant’s death prior to the Annuitization Date will be based on the death of the last survivor of the Annuitant and Contingent Annuitant.
Only Non-Qualified Contract Owners may name a Contingent Annuitant.
Co-Annuitant
A Co-Annuitant, if named, must be the Annuitant’s spouse. The Co-Annuitant must be named at the time of application and will receive the benefit of the Spousal Protection Feature, provided all of the requirements set forth in the Spousal Protection Feature section are met.
If either Co-Annuitant dies before the Annuitization Date, the surviving Co-Annuitant may continue the contract and will receive the benefit of the Spousal Protection Feature.
Joint Annuitant
The joint Annuitant is designated as a second person (in addition to the Annuitant) upon whose continuation of life any annuity payment involving life contingencies depends. The joint Annuitant is named at the time of annuitization.
73

 

Beneficiary and Contingent Beneficiary
The beneficiary is the person who is entitled to the death benefit if the Annuitant (and Contingent Annuitant, if applicable) dies before the Annuitization Date and there is no joint owner. The Contract Owner can name more than one beneficiary. Multiple beneficiaries will share the death benefit equally, unless otherwise specified.
A contingent beneficiary will succeed to the rights of the beneficiary if no beneficiary is alive when a death benefit is paid. The Contract Owner can name more than one contingent beneficiary. Multiple contingent beneficiaries will share the death benefit equally, unless otherwise specified.
Changes to the Parties to the Contract
Prior to the Annuitization Date (and subject to any existing assignments), the Contract Owner may request to change the following:
• Contract Owner (Non-Qualified Contracts only);
• joint owner;
• contingent owner;
• Annuitant (subject to Nationwide’s underwriting and approval);
• Contingent Annuitant (subject to Nationwide's underwriting and approval);
• joint annuitant (subject to Nationwide's underwriting and approval);
• Co-Annuitant (must be the Annuitant’s spouse);
• beneficiary; or
• contingent beneficiary.
The Contract Owner must submit the request to Nationwide in writing and Nationwide must receive the request at the Service Center before the Annuitization Date. Once Nationwide receives and records the change request, the change will be effective as of the date the written request was signed (unless otherwise specified by the Contract Owner), whether or not the Contract Owner or Annuitant is living at the time it was recorded. The change will not affect any action taken by Nationwide before the change was recorded.
Any request to change the Contract Owner must be signed by the existing Contract Owner and the person designated as the new Contract Owner. Nationwide may require a signature guarantee.
If the Contract Owner is not a natural person and there is a change of the Annuitant, distributions will be made as if the Contract Owner died at the time of the change, regardless of whether the Contract Owner named a Contingent Annuitant.
Nationwide reserves the right to reject any change request that would alter the nature of the risk that Nationwide assumed when it originally issued the contract.
Certain options and features under the contract have specific requirements as to who can be named as the beneficiary in order to receive the benefit of the option or feature. Changes to the beneficiary may result in the termination or loss of benefit of these options or features. Further, changes to the beneficiary may result in the Contract Owner not receiving the benefit associated with an option while still continuing to pay any applicable charge for the option. Contract Owners contemplating beneficiary to the contract should contact their registered representative to determine how the changes impact the options and features under the contract.
Operation of the Contract
Purchase Payment Credits
Purchase Payment Credits ("PPCs") are additional credits that Nationwide will apply to a contract when cumulative purchase payments reach certain aggregate levels.
When determining PPCs Nationwide will include the purchase payments in this contract, and may include the purchase payments of other Nationwide annuity contracts issued to an immediate family member within the 12 months before the purchase of this contract. Immediate family members include spouses, children, or other family members living within the
74

 

Contract Owner's household. In order to be considered for PPCs, the Contract Owner must notify Nationwide in writing of all Nationwide annuity contracts owned by the Contract Owner or immediate family members. Contact the Service Center to determine if another annuity contract can be considered in determining PPCs for this contract.
Each time a Contract Owner submits a purchase payment, Nationwide will perform a calculation to determine if and how many PPCs are payable as a result of that particular deposit.
The formula used to determine the amount of the PPC is as follows:
(Cumulative Purchase Payments x PPC%) - PPCs Paid to Date = PPCs Payable
Cumulative Purchase Payments = the total of all purchase payments applied to the contract(s) eligible to receive a PPC, including the current deposit, minus any withdrawals.
PPC% = either 0.0%, 0.5%, or 1.0%, depending on the level of Cumulative Purchase Payments as follows:
If Cumulative Purchase Payments are   Then the PPC% is
$0 - $499,999
   0.0% (no PPC is payable)
$500,000 - $999,999
   0.5%  
$1,000,000 or more
   1.0%  
PPCs Paid to Date = the total PPCs that Nationwide has already applied to this contract.
PPCs Payable = the PPCs that Nationwide will apply to the contract as a result of the current deposit.
For example, on March 1, Ms. Z makes an initial deposit of $200,000 to her contract. Her contract is the only one eligible to receive PPCs. For this deposit, she does not receive a PPC since her Cumulative Purchase Payments are less than $500,000.
On April 1, Ms. Z applies additional purchase payments of $350,000. Cumulative Purchase Payments now equal $550,000. Nationwide will apply PPCs to Ms. Z's contract equal to $2,750, which is (0.5% x $550,000) - $0.
On May 1, Ms. Z takes a withdrawal of $150,000. Cumulative Purchase Payments now equal $400,000.
On June 1, Ms. Z applies additional purchase payments of $500,000. Cumulative Purchase Payments now equal $900,000. Nationwide will apply PPCs to Ms. Z's contract equal to $1,750, which is ($900,000 x 0.5%) - $2,750. At this point in time, a total of $4,500 in PPCs have been applied to Ms. Z's contract.
On July 1, Ms. Z applies additional purchase payments of $300,000. Cumulative Purchase Payments now equal $1,200,000. Nationwide will apply PPCs to Ms. Z's contract equal to $7,500, which is ($1,200,000 x 1.0%) - $4,500. At this point in time, a total of $12,000 in PPCs have been applied to Ms. Z's contract. For purposes of all benefits and taxes under these contracts, PPCs are considered earnings, not purchase payments, and they will be allocated in the same proportion that purchase payments are allocated on the date the PPCs are applied.
Recapture of Purchase Payment Credits
If the Contract Owner cancels the contract pursuant to the contractual free look provision, Nationwide will recapture all PPCs applied to the contract. The Contract Owner will retain any earnings attributable to the PPCs, but all losses attributable to the PPCs will be incurred by Nationwide.
After the end of the contractual free look period, all PPCs are fully vested and are not subject to recapture.
Pricing
Generally, Nationwide prices Accumulation Units on each day that the New York Stock Exchange is open. (Pricing is the calculation of a new Accumulation Unit value that reflects that day's investment experience.)
Accumulation Units are not priced when the New York Stock Exchange is closed or on the following nationally recognized holidays:
• New Year's Day
• Martin Luther King, Jr. Day
• Presidents' Day
• Good Friday
• Memorial Day
• Independence Day
• Labor Day
• Thanksgiving
• Christmas
75

 

Nationwide also will not price purchase payments, withdrawals, or transfers if:
(1) trading on the New York Stock Exchange is restricted;
(2) an emergency exists making disposal or valuation of securities held in the Variable Account impracticable; or
(3) the SEC, by order, permits a suspension or postponement for the protection of security holders.
Rules and regulations of the SEC will govern as to when the conditions described in (2) and (3) exist. If Nationwide is closed on days when the New York Stock Exchange is open, Contract Value may change and Contract Owners will not have access to their accounts.
Application and Allocation of Purchase Payments
Initial Purchase Payments
Initial purchase payments will be priced at the Accumulation Unit value next determined no later than two business days after receipt of an order to purchase if the application and all necessary information are complete and are received at the Service Center before the close of regular trading on the New York Stock Exchange, which generally occurs at 4:00 p.m. EST. If the order is received after the close of regular trading on the New York Stock Exchange, the initial purchase payment will be priced within two business days after the next Valuation Date.
If an incomplete application is not completed within five business days after receipt at the Service Center, the prospective purchaser will be informed of the reason for the delay. The purchase payment will be returned unless the prospective purchaser specifically consents to allow Nationwide to hold the purchase payment until the application is completed.
Nationwide will immediately allocate initial purchase payments to the investment options based on the instructions contained on the application.
Subsequent Purchase Payments
Any subsequent purchase payment received at the Service Center (along with all necessary information) before the close of regular trading on the New York Stock Exchange on any Valuation Date will be priced at the Accumulation Unit value next determined after receipt of the purchase payment. If a subsequent purchase payment is received at the Service Center (along with all necessary information) after the close of regular trading on the New York Stock Exchange, it will be priced at the Accumulation Unit value determined on the following Valuation Date.
Allocation of Purchase Payments
Nationwide allocates purchase payments to Sub-Accounts as instructed by the Contract Owner. Shares of the underlying mutual funds in which the Sub-Accounts invest are purchased at Net Asset Value, then the Contract Owner receives Accumulation Units in the Sub-Account(s) to which the Contract Owner allocated purchase payments.
Contract Owners can change allocations or make exchanges among the Sub-Accounts after the time of application by submitting a written request to the Service Center. However, no change may be made that would result in an amount less than 1% of the purchase payments being allocated to any Sub-Account. In the event that Nationwide receives such a request, Nationwide will inform the Contract Owner that the allocation instructions are invalid and that the contract's allocations among the Sub-Accounts prior to the request will remain in effect. Certain transactions may be subject to conditions imposed by the underlying mutual funds.
Determining the Contract Value
The Contract Value is the sum of the value of amounts (including any Purchase Payment Credits applied to the contract) allocated to the Sub-Accounts plus any amount held in the Fixed Account and the collateral fixed account. If charges are assessed against the whole Contract Value, Nationwide will deduct a proportionate amount from each Sub-Account and the Fixed Account based on current cash values.
Determining Variable Account Value - Valuing an Accumulation Unit
Sub-Account allocations are accounted for in Accumulation Units. Accumulation Unit values (for each Sub-Account) are determined by calculating the Net Investment Factor for the Sub-Accounts for the current Valuation Period and multiplying that result with the Accumulation Unit values determined on the previous Valuation Period. For each Sub-Account, the Net Investment Factor is the investment performance of the underlying mutual fund in which a particular Sub-Account invests, including the charges assessed against that Sub-Account for a Valuation Period.
76

 

Nationwide uses the Net Investment Factor as a way to calculate the investment performance of a Sub-Account from Valuation Period to Valuation Period.
The Net Investment Factor for any particular Sub-Account before the Annuitization Date is determined by dividing (a) by (b), and then subtracting (c) from the result, where:
(a) is the sum of:
(1) the Net Asset Value of the underlying mutual fund as of the end of the current Valuation Period; and
(2) the per share amount of any dividend or income distributions made by the underlying mutual fund (if the date of the dividend or income distribution occurs during the current Valuation Period).
(b) is the Net Asset Value of the underlying mutual fund determined as of the end of the preceding Valuation Period.
(c) is a factor representing the daily total Variable Account charges, which may include charges for optional benefits elected by the Contract Owner. The factor is equal to an annualized rate ranging from 1.15% to 1.85% of the Daily Net Assets, depending on which optional benefits the Contract Owner elects.
Note: The range shown above reflects only those Variable Account charges that are assessed daily as part of the daily Accumulation Unit calculation. It does not reflect the cost of other optional benefits that assess charges via the redemption of Accumulation Units.
Based on the change in the Net Investment Factor, the value of an Accumulation Unit may increase or decrease. Changes in the Net Investment Factor may not be directly proportional to changes in the Net Asset Value of the underlying mutual fund shares because of the deduction of Variable Account charges.
Though the number of Accumulation Units will not change as a result of investment experience, the value of an Accumulation Unit may increase or decrease from Valuation Period to Valuation Period.
Determining Fixed Account Value
Nationwide determines the value of the Fixed Account by:
(1) adding all amounts allocated to the Fixed Account (including any Purchase Payment Credits applied to the contract), minus amounts previously transferred or withdrawn from the Fixed Account;
(2) adding any interest earned on the amounts allocated to the Fixed Account; and
(3) subtracting charges deducted in accordance with the contract.
Transfer Requests
Contract Owners may submit transfer requests in writing, over the telephone, or via the Internet to the Service Center. Some benefits or features under the contract may limit the manner in which transfer requests can be submitted, as indicated in the respective provision. Nationwide may restrict or withdraw the telephone and/or Internet transfer privilege at any time.
Generally, Sub-Account transfers will receive the Accumulation Unit value next computed after the transfer request is received at the Service Center. However, if a contract that is limited to submitting transfer requests via U.S. mail submits a transfer request via the Internet or telephone pursuant to Nationwide's one-day delay policy, the transfer will be executed on the next Valuation Date after the exchange request is received at the Service Center (see Managers of Multiple Contracts).
Transfer Restrictions
Neither the contracts described in this prospectus nor the underlying mutual funds are designed to support active trading strategies that require frequent movement between or among Sub-Accounts (sometimes referred to as "market-timing" or "short-term trading"). A Contract Owner who intends to use an active trading strategy should consult his/her financial professional and request information on other Nationwide variable annuity contracts that offer investment in underlying mutual funds that are designed specifically to support active trading strategies.
Nationwide discourages (and will take action to deter) short-term trading in this contract because the frequent movement between or among Sub-Accounts may negatively impact other investors in the contract. Short-term trading can result in:
• the dilution of the value of the investors' interests in the underlying mutual fund;
77

 

• underlying mutual fund managers taking actions that negatively impact performance (keeping a larger portion of the underlying mutual fund assets in cash or liquidating investments prematurely in order to support redemption requests); and/or
• increased administrative costs due to frequent purchases and redemptions.
To protect investors in this contract from the negative impact of these practices, Nationwide has implemented, or reserves the right to implement, several processes and/or restrictions aimed at eliminating the negative impact of active trading strategies. Nationwide makes no assurances that all risks associated with short-term trading will be completely eliminated by these processes and/or restrictions.
Nationwide cannot guarantee that its attempts to deter active trading strategies will be successful. If Nationwide is unable to deter active trading strategies, the performance of the Sub-Accounts that are actively traded may be adversely impacted.
U.S. Mail Restrictions
Nationwide monitors transfer activity in order to identify those who may be engaged in harmful trading practices. Transaction reports are produced and examined. Generally, a contract may appear on these reports if the Contract Owner (or a third party acting on their behalf) engages in a certain number of "transfer events" in a given period. A "transfer event" is any transfer, or combination of transfers, occurring on a given trading day (Valuation Period). For example, if a Contract Owner executes multiple transfers involving 10 investment options in one day, this counts as one transfer event. A single transfer occurring on a given trading day and involving only two investment options will also count as one transfer event.
As a result of this monitoring process, Nationwide may restrict the method of communication by which transfer orders will be accepted. In general, Nationwide will adhere to the following guidelines:
Trading Behavior Nationwide's Response
Six or more transfer events within one calendar quarter Nationwide will mail a letter to the Contract Owner notifying them that:
(1) they have been identified as engaging in harmful trading practices; and
(2) if their transfer events total 11 within two consecutive calendar quarters or 20 within one calendar year, the Contract Owner will be limited to submitting transfer requests via U.S. mail on a Nationwide issued form.
11 transfer events within two consecutive calendar quarters
OR
20 transfer events within one calendar year 		Nationwide will automatically limit the Contract Owner to submitting transfer requests via U.S. mail on a Nationwide issued form.
For purposes of Nationwide's transfer policy, U.S. mail includes standard U.S. mail, overnight U.S. mail, and overnight delivery via private carrier.
For calendar year restrictions, each January 1, Nationwide will start the monitoring anew, so that each contract starts with 0 transfer events each January 1. However, for restrictions on transfer events within two consecutive calendar quarters, Nationwide does not start the monitoring anew on January 1. Instead, Nationwide refreshes the transfer event restriction period at the beginning of each calendar quarter considering only transfers that occur in the current calendar quarter and occurred in the immediately preceding calendar quarter. See, however, the Other Restrictions provision.
Contract Owners that are required to submit transfer requests via U.S. mail will be required to use a Nationwide issued form for their transfer request. Nationwide will refuse transfer requests that either do not use the Nationwide issued form for their transfer request or fail to provide accurate and complete information on their transfer request form. In the event that a Contract Owner's transfer request is refused by Nationwide, they will receive notice in writing by U.S. mail and will be required to resubmit their transfer request on a Nationwide issued form.
Managers of Multiple Contracts
Some investment financial professionals manage the assets of multiple Nationwide contracts pursuant to trading authority granted or conveyed by multiple Contract Owners. These multi-contract financial professionals will generally be required by Nationwide to submit all transfer requests via U.S. mail.
78

 

Nationwide may, as an administrative practice, implement a "one-day delay" program for these multi-contract financial professionals, which they can use in addition to or in lieu of submitting transfer requests via U.S. mail. The one-day delay option permits multi-contract financial professionals to continue to submit transfer requests via the Internet or telephone. However, transfer requests submitted by multi-contract financial professionals via the Internet or telephone will not receive the next available Accumulation Unit value. Rather, they will receive the Accumulation Unit value that is calculated on the following Valuation Date. Transfer requests submitted under the one-day delay program are irrevocable. Multi-contract financial professionals will receive advance notice of being subject to the one-day delay program.
Other Restrictions
Nationwide reserves the right to refuse or limit transfer requests, or take any other action it deems necessary in order to protect Contract Owners, Annuitants, and beneficiaries from the negative investment results that may result from short-term trading or other harmful investment practices employed by some Contract Owners (or third parties acting on their behalf). In particular, trading strategies designed to avoid or take advantage of Nationwide's monitoring procedures (and other measures aimed at curbing harmful trading practices) that are nevertheless determined by Nationwide to constitute harmful trading practices, may be restricted.
Any restrictions that Nationwide implements will be applied consistently and uniformly.
Underlying Mutual Fund Restrictions and Prohibitions
Pursuant to regulations adopted by the SEC, Nationwide is required to enter into written agreements with the underlying mutual funds which allow the underlying mutual funds to:
(1) request the taxpayer identification number, international taxpayer identification number, or other government issued identifier of any Contract Owner;
(2) request the amounts and dates of any purchase, redemption, transfer, or exchange request ("transaction information"); and
(3) instruct Nationwide to restrict or prohibit further purchases or exchanges by Contract Owners that violate policies established by the underlying mutual fund (whose policies may be more restrictive than Nationwide's policies).
Nationwide is required to provide such transaction information to the underlying mutual funds upon their request. In addition, Nationwide is required to restrict or prohibit further purchases or requests to exchange into a specific Sub-Account upon instruction from the underlying mutual fund in which that Sub-Account invests. Nationwide and any affected Contract Owner may not have advance notice of such instructions from an underlying mutual fund to restrict or prohibit further purchases or requests to exchange. If an underlying mutual fund refuses to accept a purchase or request to exchange into the Sub-Account associated with the underlying mutual fund submitted by Nationwide, Nationwide will keep any affected Contract Owner in their current Sub-Account allocation.
Transfers Prior to Annuitization
Transfers from the Fixed Account
A Contract Owner may request to transfer allocations from the Fixed Account to the Sub-Accounts only upon reaching the end of a Fixed Account interest rate guarantee period. Fixed Account transfers must be made within 45 days after the end of the interest rate guarantee period.
Normally, Nationwide will permit 100% of the maturing Fixed Account allocations to be transferred. However, Nationwide may limit the amount that can be transferred from the Fixed Account. Nationwide will determine the amount that may be transferred and will declare this amount at the end of the Fixed Account interest rate guarantee period. The maximum transferable amount will never be less than 10% of the Fixed Account allocation reaching the end of a Fixed Account interest rate guarantee period.
Contract Owners who use Dollar Cost Averaging may transfer from the Fixed Account under the terms of that program.
Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.
Transfers from the Sub-Accounts
A Contract Owner may request to transfer allocations from the Sub-Accounts to the Fixed Account at any time.
79

 

Nationwide reserves the right to limit or refuse transfers to the Fixed Account. Generally, Nationwide will invoke this right when interest rates are low by historical standards.
Transfers Among the Sub-Accounts
A Contract Owner may request to transfer allocations among the Sub-Accounts at any time, subject to terms and conditions imposed by this prospectus and the underlying mutual funds.
Transfers After Annuitization
After annuitization, the portion of the Contract Value allocated to fixed annuity payments and the portion of the Contract Value allocated to variable annuity payments may not be changed.
After annuitization, transfers among Sub-Accounts may only be made once per calendar year.
Right to Examine and Cancel
If the Contract Owner elects to cancel the contract, he/she may return it to the Service Center within a certain period of time known as the "free look" period. The free look period is 10 days, unless the contract is purchased as a replacement for another annuity contract, in which case it is 60 days. For ease of administration, Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date. Nationwide will also honor any free look cancellation for replacement annuity contracts that are received at the Service Center or postmarked within 60 days after the contract issue date. The contract issue date is the date the initial purchase payment is applied to the contract.
Nationwide will return the Contract Value as of the date of the cancellation, less any withdrawals from the contract and any applicable federal and state income tax withholding. Nationwide will recapture all of the Purchase Payment Credits applied to the contract. The Contract Owner will retain any earnings attributable to the Purchase Payment Credits, but all losses attributable to the Purchase Payment Credits will be incurred by Nationwide.
Liability of the Variable Account under this provision is limited to the Contract Value in each Sub-Account on the date of revocation. Any additional amounts refunded to the Contract Owner will be paid by Nationwide.
Surrender/Withdrawal Prior to Annuitization
Prior to annuitization and before the Annuitant's death, Contract Owners may generally withdraw some or all of their Contract Value. Withdrawals from the contract may be subject to federal income tax and/or a tax penalty (see Appendix C: Contract Types and Tax Information). Withdrawal requests may be submitted in writing or by telephone to the Service Center and Nationwide may require additional information. Requests submitted by telephone may be subject to dollar amount limitations and may be subject to payment and other restrictions to prevent fraud. Nationwide reserves the right to require written requests to be submitted on current Nationwide forms for withdrawals. Nationwide reserves the right to remove the ability to submit requests by telephone upon written notice. Contact the Service Center for current limitations and restrictions. When taking a full surrender, Nationwide may require that the contract accompany the request. Nationwide may require a signature guarantee.
Surrender and withdrawal requests will receive the Accumulation Unit value next determined at the end of the current Valuation Period if the request and all necessary information is received at the Service Center before the close of regular trading on the New York Stock Exchange (generally, 4:00 pm EST). If the request and all necessary information is received after the close of regular trading on the New York Stock Exchange, the request will receive the Accumulation Unit value determined at the end of the next Valuation Day.
Nationwide will pay any amounts withdrawn from the Sub-Accounts within seven days after the request is received in good order at the Service Center (see Determining the Contract Value). However, Nationwide may suspend or postpone payment when it is unable to price a purchase payment or transfer, or as permitted or required by federal securities laws and rules and regulations of the SEC.
Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.
80

 

Partial Withdrawals
If a Contract Owner requests a partial withdrawal, Nationwide will redeem Accumulation Units from the Sub-Accounts and an amount from the Fixed Account. The amount withdrawn from each investment option will be in proportion to the value in each option at the time of the withdrawal request, unless Nationwide is instructed otherwise.
Partial withdrawals are subject to the CDSC provisions of the contract. If a CDSC is assessed, the Contract Owner may elect to have the CDSC deducted from either:
(a) the amount requested; or
(b) the Contract Value remaining after the Contract Owner has received the amount requested.
If the Contract Owner does not make a specific election, any applicable CDSC will be deducted from the amount requested by the Contract Owner.
The CDSC deducted is a percentage of the amount requested by the Contract Owner. Amounts deducted for CDSC are not subject to subsequent CDSC.
Partial Withdrawals to Pay Investment Advisory Fees
Some Contract Owners utilize an investment advisor(s) to manage their assets, for which the investment advisor assesses a fee. Investment advisors are not endorsed or affiliated with Nationwide and Nationwide makes no representation as to their qualifications. The fees for these investment advisory services are specified in the respective account agreements and are separate from and in addition to the contract fees and expenses described in this prospectus. Some Contract Owners authorize their investment advisor to take a partial withdrawal(s) from the contract in order to collect investment advisory fees. Withdrawals taken from this contract to pay advisory or investment management fees are subject to the CDSC provisions of the contract and may be subject to income tax and/or tax penalties. In addition, withdrawals taken from the contract to pay advisory or investment management fees may negatively impact the benefit associated with the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, Nationwide Lifetime Income Rider Plus Max, 7% Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture option, and Nationwide Lifetime Income Track option.
Full Surrenders
Upon full surrender, the Contract Value may be more or less than the total of all purchase payments made to the contract. The Contract Value will reflect:
• Variable Account charges
• underlying mutual fund charges
• the investment performance of the underlying mutual funds
• amounts allocated to the Fixed Account and any interest credited
• charges associated with the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, Nationwide Lifetime Income Rider Plus Max, 7% Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture option, or Nationwide Lifetime Income Track option and Joint Option (if elected)
• Purchase Payment Credits, if applicable
• a $30 Contract Maintenance Charge (this charge will be waived upon full surrender if the Contract Value is equal to or greater than $50,000 at the time of the full surrender or on any Contract Anniversary prior to the full surrender)
• any outstanding loan balance plus accrued interest
The CDSC-free withdrawal privilege does not apply to full surrenders of the contract. For purposes of the CDSC-free withdrawal privilege, a full surrender is:
• multiple withdrawals taken within a Contract Year that deplete the entire Contract Value; or
• any single net withdrawal of 90% or more of the Contract Value.
81

 

Surrender/Withdrawal After Annuitization
After the Annuitization Date, withdrawals other than regularly scheduled annuity payments are not permitted.
Withdrawals Under Certain Plan Types
Withdrawals Under a Tax Sheltered Annuity
Contract Owners of a Tax Sheltered Annuity may withdraw part or all of their Contract Value before the earlier of the Annuitization Date or the Annuitant’s death, except as provided below:
(A) Contract Value attributable to contributions made under a qualified cash or deferred arrangement (within the meaning of Internal Revenue Code Section 402(g)(3)(A)), a salary reduction agreement (within the meaning of Internal Revenue Code Section 402(g)(3)(C)), or transfers from a Custodial Account (described in Section 403(b)(7) of the Internal Revenue Code), may be withdrawn only:
(1) when the Contract Owner reaches age 59½, separates from service, dies, or becomes disabled (within the meaning of Internal Revenue Code Section 72(m)(7)); or
(2) in the case of hardship (as defined for purposes of Internal Revenue Code Section 401(k)), provided that any such hardship surrender may not include any income earned on salary reduction contributions.
(B) The withdrawal limitations described previously also apply to:
(1) salary reduction contributions to Tax Sheltered Annuities made for plan years beginning after December 31, 1988;
(2) earnings credited to such contracts after the last plan year beginning before January 1, 1989, on amounts attributable to salary reduction contributions; and
(3) all amounts transferred from Internal Revenue Code Section 403(b)(7) Custodial Accounts (except that earnings and employer contributions as of December 31, 1988 in such Custodial Accounts may be withdrawn in the case of hardship).
Any distribution other than the above, including a free look cancellation of the contract (when available) may result in taxes, penalties, and/or retroactive disqualification of a Tax Sheltered Annuity.
In order to prevent disqualification of a Tax Sheltered Annuity after a free look cancellation, Nationwide will transfer the proceeds to another Tax Sheltered Annuity upon proper direction by the Contract Owner.
These provisions explain Nationwide's understanding of current withdrawal restrictions. These restrictions may change.
Distributions pursuant to Qualified Domestic Relations Orders will not violate the restrictions stated previously.
Withdrawals Under a Texas Optional Retirement Program or a Louisiana Optional Retirement Plan
Redemption restrictions apply to contracts issued under the Texas Optional Retirement Program or the Louisiana Optional Retirement Plan.
The Texas Attorney General has ruled that participants in contracts issued under the Texas Optional Retirement Program may only take withdrawals if:
• the participant dies;
• the participant retires;
• the participant terminates employment due to total disability; or
• the participant that works in a Texas public institution of higher education terminates employment.
A participant under a contract issued under the Louisiana Optional Retirement Plan may only take distributions from the contract upon retirement or termination of employment. All retirement benefits under this type of plan must be paid as lifetime income; lump sum cash payments are not permitted, except for death benefits.
82

 

Due to these restrictions, a participant under either of these plans will not be able to withdraw Cash Value from the contract unless one of the applicable conditions is met. However, Contract Value may be transferred to other carriers, subject to any sales charges.
Nationwide issues this contract to participants in the Texas Optional Retirement Program in reliance upon and in compliance with Rule 6c-7 of the Investment Company Act of 1940. Nationwide issues this contract to participants in the Louisiana Optional Retirement Plan in reliance upon and in compliance with an exemptive order that Nationwide received from the SEC on August 22, 1990.
Loan Privilege
The loan privilege is only available to Contract Owners of Tax Sheltered Annuities. Loans may be taken from the Contract Value after expiration of the free look period up to the Annuitization Date. Loans are subject to the terms of the contract, the plan, and the Internal Revenue Code. Nationwide may modify the terms of a loan to comply with changes in applicable law. Loans are not available in all states. Additionally, contract loans are unavailable if the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, Nationwide Lifetime Income Rider Plus Max, 7% Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture option, or Nationwide Lifetime Income Track option is elected.
Minimum and Maximum Loan Amounts
Contract Owners may borrow a minimum of $1,000, unless Nationwide is required by law to allow a lesser minimum amount. Each loan must individually satisfy the contract minimum amount.
The maximum nontaxable loan amount is based on information provided by the participant or the employer. This amount may be impacted if a participant has additional loans from other plans. The total of all outstanding loans must not exceed the following limits:
Contract Values Maximum Outstanding Loan Balance Allowed
up to $20,000 up to 80% of Contract Value (not more than $10,000)
$20,000 and over up to 50% of Contract Value (not more than $50,000*)
* The $50,000 limits will be reduced by the highest outstanding balance owed during the previous 12 months.
For salary reduction Tax Sheltered Annuities, loans may be secured only by the Contract Value.
Maximum Loan Processing Fee
Nationwide charges a Loan Processing Fee at the time each new loan is processed. The Loan Processing Fee will not exceed $25 per loan processed. This fee compensates Nationwide for expenses related to administering and processing loans.
The fee is taken from all of the investment options in proportion to the Contract Value at the time the loan is processed.
How Loan Requests are Processed
All loans are made from assets in Nationwide’s General Account. As collateral for the loan, Nationwide holds an amount equal to the loan in a collateral fixed account (which is part of Nationwide’s General Account).
When a loan request is processed, Nationwide transfers Accumulation Units from the Sub-Accounts to the collateral fixed account until the requested amount is reached. The amount deducted from the Sub-Accounts will be in the same proportion as the Sub-Account allocations, unless the Contract Owner has instructed otherwise. If there are not enough Accumulation Units available in the contract to reach the requested loan amount, Nationwide would then transfer Contract Value from the Fixed Account. Contract Value transferred from the Fixed Account to meet the requested loan amount is not subject to the Fixed Account transfer limitations otherwise applicable under the contract.
No CDSC will be deducted on transfers related to loan processing.
83

 

Interest Charged and Credited
Compound interest is charged on the outstanding loan balance consisting of outstanding principal plus accrued interest. The total interest rate is comprised of a collateral interest rate plus a finance interest rate. The total interest rate is disclosed at the time of loan application or loan issuance.
The finance interest rate will be 2.25%. The collateral interest rate will be the total interest rate minus the finance interest rate and will be no less than the guaranteed minimum interest rate stated in the contract.
When a loan is repaid in accordance with the payment schedule provided at the time the loan is issued, collateral interest and finance interest that accrue between scheduled payments are paid off. As payments are made, collateral interest is credited to the collateral fixed account, and finance interest is paid to Nationwide. Finance interest may provide revenue for risk charges and profit.
Accrual of Principal and Interest After Default
Upon default, unpaid principal and collateral interest, and finance interest, will separately accrue and compound at the total interest rate. When the total interest rate is applied to accruing finance interest after default, the entire amount of interest is added to the outstanding finance interest. This will cause the total amount of the outstanding loan balance to grow rapidly over time. Following is an example of how principal and collateral interest, and finance interest accrue over time after a total default of a $50,000 loan.
After default, the first time interest is calculated:
1A. The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal;
   
6.25% x $50,000 = $3,125
(total interest rate)   (outstanding principal)   ($2,000 =collateral interest
$1,125 = finance interest)
1B. The amount from 1A representing collateral interest is added to the outstanding principal;
   
$2,000 + $50,000 = $52,000
(collateral interest)   (outstanding principal)   (outstanding principal
and collateral interest)
1C. The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on a compound basis and will become the outstanding finance interest; and
   
$1,125
(outstanding finance interest)
1D. The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding principal and interest.
   
$52,000 + $1,125 = $53,125
(outstanding principal
and collateral interest) 		  (outstanding finance interest)   (total outstanding
principal and interest)
Thereafter, when interest is calculated:
2A. The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest from 1A above;
   
6.25% x $52,000 = $3,250
(total interest rate)   (1A outstanding
principal and
collateral interest) 		  ($2,080 = collateral interest
$1,170 = finance interest)
84

 

2B. The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A;
   
$2,080 + $52,000 = $54,080
(collateral interest)   (1A outstanding
principal and
collateral interest) 		  (outstanding principal
and collateral interest)
2C. The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest ;
   
6.25% x $1,125 = $70.31
(total interest rate)   (outstanding finance
interest) 		  (finance interest)
    
$70.31 + $1,125 = $1,195.31
(finance interest)   (outstanding finance
interest) 		  (outstanding finance
interest)
2D. The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C;
   
$1,170 + $1,195.31 = $2,365.31
(finance interest)   (outstanding finance
interest) 		  (outstanding finance
interest)
2E. The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to determine the total outstanding principal and interest.
   
$54,080 + $2,365.31 = $56,445.31
(total outstanding
principal and collateral
interest) 		  (outstanding finance
interest) 		  (total outstanding
principal and interest)
This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on which no payments were made will accrue as follows:
Outstanding Principal $50,000
Outstanding Collateral Interest $ 40,047
Outstanding Finance Interest $34,091
Total Outstanding Principal and Interest $124,138
Loan Repayment
Loans must be repaid in five years. However, if the loan is used to purchase the Contract Owner’s principal residence, the Contract Owner has 15 years to repay the loan.
Contract Owners must identify loan repayments as loan repayments or they will be treated as purchase payments and will not reduce the outstanding loan balance. Payments must be substantially level and made at least quarterly. Over time, unpaid loan interest charges can cause the total amount of the outstanding loan balance to be significant, so it is advantageous to make a loan repayment at least quarterly. The Contract Owner should contact the Service Center to obtain loan pay-off amounts.
85

 

When the Contract Owner makes a loan repayment, the amount in the collateral fixed account will be reduced by the amount of the payment that represents loan principal. Additionally, the amount of the payment that represents loan principal and credited interest will be applied to the Sub-Accounts and the Fixed Account in accordance with the allocation instructions in effect at the time the payment is received, unless the Contract Owner directs otherwise.
Distributions and Annuity Payments
Distributions made from the contract while a loan is outstanding will be reduced by the amount of the outstanding loan plus accrued interest if:
• the contract is surrendered;
• the Contract Owner/Annuitant dies;
• the Contract Owner who is not the Annuitant dies prior to annuitization; or
• annuity payments begin.
Transferring the Contract
Nationwide reserves the right to restrict any transfer of the contract while the loan is outstanding.
Grace Period and Loan Default
If a loan payment is not made when due, interest will continue to accrue. A grace period may be available (refer to the terms of the loan agreement). During the grace period, the loan is considered outstanding, but not in default. If a loan payment is not made by the end of the applicable grace period and the Contract Owner is eligible for a distribution, the loan payment amount may be deducted from the Contract Value and applied as a loan payment, which will be treated as an actual distribution.
If the Contract Owner fails to make a full payment by the end of the applicable grace period, and is not eligible to take a distribution, the loan will default. In the year of a default, the entire outstanding loan balance, plus accrued interest, will be treated as a deemed distribution and will be taxable to the Contract Owner. This deemed distribution may also be subject to an early withdrawal tax penalty by the Internal Revenue Service. After default, the loan is still outstanding and interest will continue to accrue until the entire loan balance has been repaid. Additional loans are not available until all defaulted loans have been repaid.
Assignment
Contracts other than Non-Qualified Contracts may not be assigned, pledged or otherwise transferred except where allowed by law.
A Non-Qualified Contract Owner may assign some or all rights under the contract subject to Nationwide’s consent. Additionally, Nationwide reserves the right to refuse to recognize assignments on a non-discriminatory basis. Nationwide is not responsible for the validity or tax consequences of any assignment and Nationwide is not liable for any payment or settlement made before the assignment is recorded. Assignments will not be recorded until Nationwide receives sufficient direction from the Contract Owner and the assignee regarding the proper allocation of contract rights.
Contract Owner Services
Asset Rebalancing
Asset Rebalancing is the automatic reallocation of Contract Values to the Sub-Accounts on a predetermined percentage basis. Asset Rebalancing is not available for assets held in the Fixed Account. Requests for Asset Rebalancing must be on a Nationwide form and submitted to the Service Center. Once Asset Rebalancing is elected, it will only be terminated upon specific instruction from the Contract Owner; manual transfers will not automatically terminate the program. Currently, there is no additional charge for Asset Rebalancing.
Asset Rebalancing occurs every three months or on another frequency if permitted by Nationwide. If the last day of the designated rebalancing period falls on a Saturday, Sunday, recognized holiday, or any other day when the New York Stock Exchange is closed, Asset Rebalancing will occur on the next business day. Each Asset Rebalancing reallocation is considered a transfer event (see Transfer Restrictions).
86

 

Asset Rebalancing may be subject to employer limitations or restrictions for contracts issued to a Tax Sheltered Annuity plan. Contract Owners should consult a financial professional to discuss the use of Asset Rebalancing.
Nationwide reserves the right to stop establishing new Asset Rebalancing programs. Existing Asset Rebalancing programs will remain in effect unless otherwise terminated.
Dollar Cost Averaging
Dollar Cost Averaging is a long-term transfer program that allows the Contract Owner to make regular, level investments over time. Dollar Cost Averaging involves the automatic transfer of a specific amount from the Fixed Account and/or certain Sub-Accounts into other Sub-Accounts. With this service, the Contract Owner benefits from the ability to invest in the Sub-Accounts over a period of time, thereby smoothing out the effects of market volatility. Nationwide does not guarantee that this program will result in profit or protect Contract Owners from loss.
Contract Owners direct Nationwide to automatically transfer specified amounts from the Fixed Account and the following Sub-Account(s) (if available):
• Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I
• Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I
• Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II
• PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class
• PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class
to any other Sub-Account(s). Dollar Cost Averaging transfers may not be directed to the Fixed Account. Transfers from the Fixed Account must be equal to or less than 1/30th of the Fixed Account value at the time the program is requested. Contract Owners that wish to utilize Dollar Cost Averaging should first inquire whether any Enhanced Fixed Account Dollar Cost Averaging programs are available.
Transfers occur monthly or on another frequency if permitted by Nationwide. Nationwide will process transfers until either the value in the originating investment option is exhausted or the Contract Owner instructs Nationwide to stop the transfers. When a Contract Owner instructs Nationwide to stop the transfers, all amounts remaining in the originating Fixed Account or Sub-Account will remain allocated to the Fixed Account or Sub-Account, unless Nationwide is instructed otherwise. Dollar Cost Averaging transfers are not considered transfer events.
Nationwide reserves the right to stop establishing new Dollar Cost Averaging programs.
Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.
Enhanced Fixed Account Dollar Cost Averaging
Nationwide may, periodically, offer Dollar Cost Averaging programs with an enhanced interest rate referred to as "Enhanced Fixed Account Dollar Cost Averaging." Enhanced Fixed Account Dollar Cost Averaging involves the automatic transfer of a specific amount from an enhanced rate Fixed Account into any Sub-Account(s). With this service, the Contract Owner benefits from the ability to invest in the Sub-Accounts over a period of time, thereby smoothing out the effects of market volatility. Nationwide does not guarantee that this program will result in profit or protect Contract Owners from loss.
Only new purchase payments to the contract are eligible for Enhanced Fixed Account Dollar Cost Averaging. Enhanced Fixed Account Dollar Cost Averaging transfers may not be directed to the Fixed Account. Amounts allocated to the enhanced rate Fixed Account as part of an Enhanced Fixed Account Dollar Cost Averaging program earn a higher rate of interest than assets allocated to the standard Fixed Account. Each enhanced rate is guaranteed for as long as the corresponding program is in effect.
Transfers occur monthly or on another frequency if permitted by Nationwide. Nationwide will process transfers until either amounts allocated to the Fixed Account as part of an Enhanced Fixed Account Dollar Cost Averaging program are exhausted or the Contract Owner instructs Nationwide to stop the transfers. When a Contract Owner instructs Nationwide
87

 

to stop the transfers, Nationwide will automatically reallocate any amount remaining in the enhanced rate Fixed Account according to future investment allocation instructions, unless directed otherwise. Enhanced Fixed Account Dollar Cost Averaging transfers are not considered transfer events.
Nationwide reserves the right to stop establishing new Enhanced Fixed Account Dollar Cost Averaging programs.
Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.
Dollar Cost Averaging for Living Benefits
Nationwide may periodically offer Dollar Cost Averaging programs with the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, Nationwide Lifetime Income Rider Plus Max, 7% Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture option, or Nationwide Lifetime Income Track option referred to as "Dollar Cost Averaging for Living Benefits." Dollar Cost Averaging for Living Benefits involves the automatic transfer of a specific amount from the Fixed Account into another Sub-Account(s). With this service, the Contract Owner benefits from the ability to invest in the Sub-Account over a period of time, thereby smoothing out the effects of market volatility. Nationwide does not guarantee that this program will result in profit or protect Contract Owners from loss.
Only new purchase payments to the contract are eligible for Dollar Cost Averaging for Living Benefits. Only those investment options available with the elected option are available for use in Dollar Cost Averaging for Living Benefits. If a Contract Owner elected Custom Portfolio, Dollar Cost Averaging for Living Benefits transfers into the elected model will be allocated to the Sub-Accounts in the same percentages as the model allocations to those Sub-Accounts. If a Contract Owner elected Custom Choice, Dollar Cost Averaging for Living Benefits transfers will be allocated to the Sub-Accounts in the same percentages as the most recent allocations for the contract’s Custom Choice portfolio. Refer to the Income Benefit Investment Options provision for the investment options available for the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max. If a Contract Owner elected Custom Portfolio, Dollar Cost Averaging for Living Benefits transfers into the elected model will be allocated to the Sub-Accounts in the same percentages as the model allocations to those Sub-Accounts.Refer to the Income Benefit Investment Options provision for the investment options available for the7% Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture option, or Nationwide Lifetime Income Track option.
Once a Dollar Cost Averaging for Living Benefits program has begun, no transfers among or between Sub-Accounts are permitted until the Dollar Cost Averaging for Living Benefits program is completed or terminated.
Transfers occur monthly or on another frequency if permitted by Nationwide. Nationwide will process transfers until either amounts allocated to the Fixed Account as part of a Dollar Cost Averaging for Living Benefits program are exhausted or the Contract Owner instructs Nationwide to stop the transfers. When a Contract Owner instructs Nationwide to stop the transfers, Nationwide will automatically reallocate any amount remaining in the Fixed Account according to future investment allocation instructions, unless directed otherwise. Dollar Cost Averaging for Living Benefits transfers are not considered transfer events.
Nationwide reserves the right to stop establishing new Dollar Cost Averaging for Living Benefits programs.
Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.
Fixed Account Interest Out Dollar Cost Averaging
Nationwide may, periodically, offer a Dollar Cost Averaging program that permits the transfer of interest earned on Fixed Account allocations referred to as "Fixed Account Interest Out Dollar Cost Averaging." Fixed Account Interest Out Dollar Cost Averaging involves the automatic transfer of the interest earned on Fixed Account allocations into any other Sub-Account(s). With this service, the Contract Owner benefits from the ability to invest in the Sub-Accounts over a period of time, thereby smoothing out the effects of market volatility. Nationwide does not guarantee that this program will result in profit or protect Contract Owners from loss.
Fixed Account Interest Out Dollar Cost Averaging transfers may not be directed to the Fixed Account.
Transfers occur monthly or on another frequency if permitted by Nationwide. Nationwide will continue to process transfers until the Contract Owner instructs Nationwide in writing to stop the transfers. Fixed Account Interest Out Dollar Cost Averaging transfers are not considered transfer events.
Nationwide reserves the right to stop establishing new Fixed Account Interest Out Dollar Cost Averaging programs.
88

 

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.
Systematic Withdrawals
Systematic Withdrawals allow Contract Owners to receive a specified amount (of at least $100) on a monthly, quarterly, semi-annual, or annual basis. Requests for Systematic Withdrawals and requests to discontinue Systematic Withdrawals must be submitted in good order and in writing to the Service Center.
The withdrawals will be taken from the Sub-Accounts and the Fixed Account proportionally unless Nationwide is instructed otherwise.
Nationwide will withhold federal income taxes from Systematic Withdrawals unless otherwise instructed by the Contract Owner. The Internal Revenue Service may impose a 10% penalty tax if the Contract Owner is under age 59½, unless the Contract Owner has made an irrevocable election of distributions of substantially equal payments.
A CDSC may apply to amounts taken through Systematic Withdrawals. If the Contract Owner takes Systematic Withdrawals, the maximum amount that can be withdrawn annually without a CDSC is the greater of the amount available under the CDSC-free withdrawal privilege (see Contingent Deferred Sales Charge), and a given percentage of the Contract Value that is based on the Contract Owner's age, as shown in the following table:

Contract Owner's Age 		  Percentage of Contract Value
Under age 59½
  5%
59½ through age 61
   7%
62 through age 64
   8%
65 through age 74
   10%
75 and over
   13%
The Contract Owner's age is determined as of the date the request for Systematic Withdrawals is recorded by the Service Center. For joint owners, the older joint owner's age will be used.
The CDSC-free withdrawal privilege for Systematic Withdrawals is non-cumulative. Free amounts not taken during any Contract Year cannot be taken as free amounts in a subsequent Contract Year. In any given Contract Year, any amount withdrawn in excess of the amount permitted under this program will be subject to the CDSC provisions (see Contingent Deferred Sales Charge).
Nationwide reserves the right to stop establishing new Systematic Withdrawal programs. Systematic Withdrawals are not available before the end of the free look period.
Contract Owners should fully understand the impact of taking Systematic Withdrawals if they have elected the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, Nationwide Lifetime Income Rider Plus Max, 7% Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture option, or Nationwide Lifetime Income Track option. Systematic Withdrawals are subject to the same terms and conditions under one of these optional benefits as manual withdrawals. As such, a Systematic Withdrawal may initiate Lifetime Withdrawals and could be an excess withdrawal depending on the facts and circumstances. Systematic Withdrawals will continue to be taken for as long as the instructions remain in effect, even if there are negative consequences. Contract Owners should consult with a financial professional before initiating Systematic Withdrawals.
Custom Choice Asset Rebalancing Service
For Contract Owners that have elected the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max, Nationwide makes available the Custom Choice Asset Rebalancing Service ("Custom Choice") at no extra charge. Custom Choice is an asset allocation framework that Contract Owners can use to build their own customized portfolio of investments, subject to the applicable fund category (Groups A, B, and C) allocation limitations. Asset allocation is the process of investing in different asset classes (such as equity funds, fixed income funds, and specialty funds) and may reduce the risk and volatility of investing. There are no guarantees that Custom Choice will result in a profit or protect against loss in a declining market.
89

 

Enrolling in Custom Choice
To participate in Custom Choice, eligible Contract Owners may enroll by submitting the proper Custom Choice administrative form to the Service Center in good order. While Custom Choice is elected, Contract Owners cannot participate in any asset reallocation or asset rebalancing program other than as permitted by Custom Choice, as described below. Only one Custom Choice program may be created and in effect at a time, and the entire Contract Value must participate in Custom Choice.
At the time of enrollment, the Contract Owner selects from the specific Sub-Accounts (classified according to Groups A, B, and C) and directs their investment percentages within the applicable allocation limitations, enabling the Contract Owner to create their own unique "Custom Choice" portfolio. The specific Sub-Accounts comprising Groups A, B, and C and the current allocation limitations are identified in the enrollment form.
Note: Contract Owners should consult with a qualified financial professional regarding the use of Custom Choice and to determine which Sub-Accounts and investment percentages are appropriate for them.
Once enrollment is complete, the contract’s Custom Choice portfolio is static. This means that the investment percentages allocated to each Sub-Account are not monitored or adjusted to reflect changing market conditions, except for quarterly rebalancing or other Contract Owner driven changes, as described below.
Note: Nationwide may subsequently change allocation limitations and/or Sub-Accounts within Groups A, B, and C; the changes will apply only to new enrollees in Custom Choice and existing participants in Custom Choice that implement a change to their Custom Choice portfolio after the change implementation date. Sub-Accounts may also become unavailable due to a change impacting the availability of an underlying mutual fund under the contract (see The Variable Account and Underlying Mutual Funds).
Quarterly Rebalancing
At the end of each calendar quarter, Nationwide will automatically reallocate the Contract Values in each Sub-Account to make the Contract Values in each Sub-Account match the previously selected investment percentages. If the end of a calendar quarter is a Saturday, Sunday, recognized holiday, or any other day that the New York Stock Exchange is closed, the quarterly rebalancing will occur on the next business day. Rebalancing will be priced using the unit value determined on the last Valuation Date of the calendar quarter. Quarterly rebalancing is not considered a transfer event.
Changing Custom Choice Allocations
Contract Owners enrolled in Custom Choice may change the specified Sub-Accounts and/or the investment percentages at any time while their Custom Choice program is in effect. Any such changes will be subject to the allocation limitations applicable to new enrollees in Custom Choice. To implement changes, Contract Owners must submit new allocation instructions via written request and in good order (on Nationwide’s administrative form) to the Service Center, or by calling the Service Center. Any changes will count as a transfer event, as described in the Transfer Restrictions provision.
Nationwide reserves the right to limit the number of allocation changes a Contract Owner can make each year.
Terminating Participation in Custom Choice
Contract Owners can terminate participation in Custom Choice by submitting a written request to the Service Center or by calling the Service Center. For the termination to be effective, the termination request must contain valid reallocation instructions that are in accordance with the terms and conditions of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max as applicable. Termination is effective on the date the termination request is received at the Service Center in good order.
Custom Portfolio Asset Rebalancing Service
For Contract Owners that have elected the 7% Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture option, or Nationwide Lifetime Income Track option, Nationwide makes available the Custom Portfolio Asset Rebalancing Service ("Custom Portfolio") at no extra charge. Custom Portfolio is an asset allocation program that Contract Owners can use to build their own customized portfolio of investments, subject to certain limitations. Asset allocation is the process of investing in different asset classes (such as equity funds, fixed income funds, and money market funds) and may reduce the risk and volatility of investing. There are no guarantees that Custom Portfolio will result in a profit or protect against loss.
90

 

Each model is comprised of different percentages of standardized asset categories designed to meet different investment goals, risk tolerances, and investment time horizons. The Contract Owner selects their model, then selects the specific Sub-Accounts (also classified according to standardized asset categories) and investment percentages within the model's parameters, enabling the Contract Owner to create their own unique "Custom Portfolio." Only one Custom Portfolio may be created and in effect at a time and the entire Variable Account Contract Value must participate in the model.
Note: Contract Owners should consult with a qualified financial professional regarding the use of Custom Portfolio and to determine which model is appropriate for them.
Once the Contract Owner creates their Custom Portfolio, that Contract Owner's model is static. This means that the percentage allocated to each Sub-Account will not change over time, except for quarterly rebalancing, as described below.
Note: Allocation percentages within a particular model may subsequently change, but any such changes will not apply to existing model participants; the changes will only apply to participants that elect the model after the change implementation date.
To participate in Custom Portfolio, eligible Contract Owners must submit the proper administrative form to the Service Center in good order. While Custom Portfolio is elected, Contract Owners cannot participate in Asset Rebalancing.
Asset Allocation Models Available with Custom Portfolio
The following models are available with Custom Portfolio:
Conservative: Designed for Contract Owners that are willing to accept very little risk but still want to see a small amount of growth.
Moderately Conservative: Designed for Contract Owners that are willing to accept some market volatility in exchange for greater potential income and growth.
Balanced: Designed for Contract Owners that are willing to accept some market volatility in exchange for potential long-term returns.
Moderate: Designed for Contract Owners that are willing to accept some short-term price fluctuations in exchange for potential long-term returns.
Capital Appreciation: Designed for Contract Owners that are willing to accept more short-term price fluctuations in exchange for potential long-term returns.
The specific Sub-Accounts available to comprise the equity and fixed income components of the models are contained in the election form, which is provided to Contract Owners at the time Custom Portfolio is elected. At that time, Contract Owners elect their model and the specific Sub-Accounts and percentages that will comprise their Custom Portfolio. The availability of some models may be restricted (see Income Benefit Investment Options).
Quarterly Rebalancing
At the end of each calendar quarter, Nationwide will reallocate the Sub-Account allocations so that the percentages allocated to each Sub-Account match the most recently provided percentages provided by the Contract Owner. If the end of a calendar quarter is a Saturday, Sunday, recognized holiday, or any other day that the New York Stock Exchange is closed, the quarterly rebalancing will occur on the next business day. Rebalancing will be priced using the unit value determined on the last Valuation Date of the calendar quarter. Each quarterly rebalancing is considered a transfer event.
Changing Models or Underlying Mutual Fund Allocations
Contract Owners who have elected the 7% Nationwide Lifetime Income Rider or Nationwide Lifetime Income Track option may change the Sub-Account allocations within their elected model, percentages within their elected model and/or may change models and create a new Custom Portfolio within that new model. To implement one of these changes, Contract Owners must submit new allocation instructions to the Service Center in good order and in writing on Nationwide's administrative form. Any model and percentage changes will count as a transfer event, as described in the Transfer Restrictions provision.
Nationwide reserves the right to limit the number of model changes a Contract Owner can make each year.
91

 

Terminating Participation in Custom Portfolio
Contract Owners can terminate participation in Custom Portfolio by submitting a written request to the Service Center. In order for the termination to be effective, the termination request must contain valid reallocation instructions that are in accordance with the terms and conditions of the the 7% Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture option, or Nationwide Lifetime Income Track option. Termination is effective on the date the termination request is received at the Service Center in good order.
Static Asset Allocation Model
For Contract Owners that have elected the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, Nationwide Lifetime Income Rider Plus Max, 7% Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture option, or Nationwide Lifetime Income Track option, Nationwide makes available as a permitted investment option the following Static Asset Allocation Model(s):
• Static Asset Allocation Models - American Funds Moderate Option (40% NVIT American Funds Growth-Income Fund, 40% NVIT American Funds Asset Allocation Fund and 20% NVIT American Funds Bond Fund)
• Static Asset Allocation Models - American Funds Managed Moderate Option (40% NVIT - NVIT Managed American Funds Growth-Income Fund, 40% NVIT - NVIT Managed American Funds Asset Allocation Fund and 20% NVIT - NVIT American Funds Bond Fund)
• Static Asset Allocation Models - Nationwide Variable Insurance Trust iShares Moderate Option (60% Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II and 40% Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II)
• Static Asset Allocation Models – BlackRock Moderate Option (40% NVIT BlackRock Equity Dividend V.I. Fund, 33% NVIT BlackRock Managed Global Allocation Fund and 27% BlackRock Total Return V.I. Fund)
• Static Asset Allocation Models - Fidelity® VIP Funds Moderate Option (40% Fidelity VIP Growth & Income Portfolio - Service Class 2, 30% Fidelity VIP Balanced Portfolio - Service Class 2 and 30% Fidelity VIP Investment Grade Bond Portfolio - Service Class 2)
• Static Asset Allocation Models - J.P. Morgan Moderate Option (40% NVIT - NVIT J.P.Morgan Disciplined Equity Fund, 40% NVIT - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund and 20% JPMorgan Insurance Trust Core Bond Portfolio)
• Static Asset Allocation Models - American Funds Option (33% NVIT American Funds Asset Allocation Fund, 33% NVIT American Funds Bond Fund and 34% NVIT American Funds Growth-Income Fund)
• Static Asset Allocation Models - American Funds Managed Option (33% NVIT - NVIT American Funds Bond Fund, 33% NVIT - NVIT Managed American Funds Asset Allocation Fund, 34% NVIT - NVIT Managed American Funds Growth-Income Fund)
• Static Asset Allocation Models - BlackRock Option (34% NVIT BlackRock Equity Dividend V.I. Fund, 33% NVIT BlackRock Managed Global Allocation Fund, 33% BlackRock Total Return V.I. Fund)
• Static Asset Allocation Models - Fidelity® VIP Funds Option (35% Fidelity VIP Balanced Portfolio - Service Class 2, 30% Fidelity VIP Growth & Income Portfolio - Service Class 2, 35% Fidelity VIP Investment Grade Bond Portfolio - Service Class 2)
• Static Asset Allocation Models - Nationwide Variable Insurance Trust iShares Option (50% Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II, 50% Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II)
• Static Asset Allocation Models - J.P. Morgan Option (34% JPMorgan Insurance Trust Core Bond Portfolio, 33% NVIT - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund, 33% NVIT - NVIT J.P. Morgan U.S. Equity Fund: Class II)
The availability of some models may be restricted (see Income Benefit Investment Options).
A Static Asset Allocation Model is an allocation strategy comprised of two or more underlying mutual funds that together provide a unique allocation mix not available as a single underlying mutual fund. Contract Owners that elect a Static Asset Allocation Model directly own Sub-Account units of the Sub-Accounts investing in the underlying mutual funds that comprise the particular model. In other words, a Static Asset Allocation Model is not a portfolio of underlying mutual funds with one Accumulation Unit value, but rather, direct investment in a certain allocation of Sub-Accounts. There is no additional charge associated with investing in a Static Asset Allocation Model.
92

 

A Static Asset Allocation Model is just that: static. The allocations or "split" between one or more Sub-Accounts is not monitored and adjusted to reflect changing market conditions. However, a Contract Owner's investment in a Static Asset Allocation Model is rebalanced quarterly to ensure that the assets are allocated to the percentages in the same proportion that they were allocated at the time of election. The entire Contract Value must be allocated to the elected model.
With respect to transferring into and out of a Static Asset Allocation Model, the model is treated like a Sub-Account and is subject to the Transfers Prior to Annuitization provision. The Contract Owner may request to transfer from a model to a permitted Sub-Account. Each transfer into or out of a Static Asset Allocation Model is considered one transfer event.
For additional information about the underlying mutual funds that comprise a Static Asset Allocation Model, see Appendix A: Underlying Mutual Fund Information.
Death Benefit
Death of Contract Owner
If a Contract Owner (including a joint owner) who is not the Annuitant dies before the Annuitization Date, no death benefit is payable and the surviving joint owner becomes the Contract Owner. If there is no surviving joint owner, the contingent owner becomes the Contract Owner. If there is no surviving contingent owner, the beneficiary becomes the Contract Owner. If there is no surviving beneficiary, the last surviving Contract Owner’s estate becomes the Contract Owner.
A distribution of the Contract Value will be made in accordance with tax rules and as described in Appendix C: Contract Types and Tax Information. A CDSC may apply.
Death of Annuitant
If the Annuitant who is not a Contract Owner dies before the Annuitization Date, the Contingent Annuitant becomes the Annuitant and no death benefit is payable. If no Contingent Annuitant is named, a death benefit is payable to the beneficiary. Multiple beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries survive the Annuitant, the contingent beneficiary receives the death benefit. Multiple contingent beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries or contingent beneficiaries survive the Annuitant, the Contract Owner or the last surviving Contract Owner's estate will receive the death benefit.
If the Annuitant dies after the Annuitization Date, any benefit that may be payable will be paid according to the selected annuity payment option.
If the Contract Owner is a Charitable Remainder Trust and the Annuitant dies before the Annuitization Date, the death benefit will accrue to the Charitable Remainder Trust. Any designation in conflict with the Charitable Remainder Trust's right to the death benefit will be void.
Death of Contract Owner/Annuitant
If a Contract Owner (including a joint owner) who is also the Annuitant dies before the Annuitization Date, a death benefit is payable to the surviving joint owner. If there is no surviving joint owner, the death benefit is payable to the beneficiary. Multiple beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries survive the Contract Owner/Annuitant, the contingent beneficiary receives the death benefit. Multiple contingent beneficiaries will share the death benefit equally unless otherwise specified. If no contingent beneficiaries survive the Contract Owner/Annuitant, the last surviving Contract Owner's estate will receive the death benefit.
If the Contract Owner/Annuitant dies after the Annuitization Date, any benefit that may be payable will be paid according to the selected annuity payment option.
Death Benefit Payment
The recipient of the death benefit may elect to receive the death benefit:
93

 

(1) in a lump sum;
(2) as an annuity (see Annuity Payment Options); or
(3) in any other manner permitted by law and approved by Nationwide.
Premium taxes may be deducted from death benefit proceeds. Nationwide will pay (or will begin to pay) the death benefit after it receives proof of death and the instructions as to the payment of the death benefit. Death benefit claims must be submitted to the Service Center. If the recipient of the death benefit does not elect the form in which to receive the death benefit payment, Nationwide will pay the death benefit in a lump sum. Contract Value will continue to be allocated according to the most recent allocation instructions until the death benefit is paid.
If the contract has multiple beneficiaries entitled to receive a portion of the death benefit, the Contract Value will continue to be allocated according to the most recent allocation instructions until the first beneficiary provides Nationwide with all the information necessary to pay that beneficiary's portion of the death benefit proceeds. At the time the first beneficiary’s proceeds are paid, the remaining portion(s) of the death benefit proceeds that are allocated to Sub-Accounts will be reallocated to the available money market Sub-Account until instructions are received from the remaining beneficiary(ies).
Any Contract Value not allocated to the Sub-Accounts will remain invested and will not be reallocated to the available money market Sub-Account.
Death Benefit Calculations
An applicant may elect either the standard death benefit (Return of Premium) or the optional death benefit that is offered under the contract for an additional charge. If no election is made at the time of application, the death benefit will be the standard death benefit.
The value of each component of the death benefit calculation will be determined as of the date of the Annuitant's death, except for the Contract Value component, which will be determined as of the date Nationwide receives:
(1) proper proof of the Annuitant's death;
(2) an election specifying the distribution method; and
(3) any state required form(s).
Nationwide reserves the right to refuse any purchase payment that would result in the cumulative total for all contracts issued by Nationwide or its affiliates or subsidiaries on the life of any one Annuitant or owned by any one Contract Owner to exceed $1,000,000. If a Contract Owner does not submit purchase payments in excess of $1,000,000, or if Nationwide has refused to accept purchase payments in excess of $1,000,000, the references in this provision to purchase payments in excess of $1,000,000 will not apply.
Standard Death Benefit (Return of Premium)
If the Annuitant dies prior to the Annuitization Date and the total of all purchase payments made to the contract is less than or equal to $3,000,000, the death benefit will be the greater of:
(1) the Contract Value; or
(2) the total of all purchase payments, less an adjustment for amounts withdrawn.
Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).
If the Annuitant dies prior to the Annuitization Date and the total of all purchase payments made to the contract is greater than $3,000,000, the death benefit will be determined using the following formula:
(A x F) + B(1 - F), where
A = the greater of:
    (1) the Contract Value; or
    (2) the total of all purchase payments, less an adjustment for amounts withdrawn.
B = the Contract Value; and
94

 

F = the ratio of $3,000,000 to the total of all purchase payments made to the contract.
Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).
The practical effect of this formula is that, in down markets, the beneficiary recovers a lesser percentage of purchase payments in excess of $3,000,000 than for purchase payments up to $3,000,000. In up markets, the formula is less likely to have a negative effect. In no event will the beneficiary receive less than the Contract Value.
The standard death benefit (Return of Premium) also includes the Spousal Protection Feature, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse.
One-Year Enhanced Death Benefit Option
For an additional charge at an annualized rate of 0.20% of the Daily Net Assets, an applicant can elect the One-Year Enhanced Death Benefit Option. The One-Year Enhanced Death Benefit Option is only available for contracts with Annuitants age 80 or younger at the time of application. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.
If the Annuitant dies prior to the Annuitization Date and the total of all purchase payments made to the contract is less than or equal to $3,000,000, the death benefit will be the greatest of:
(1) the Contract Value as of the date that Nationwide receives all the information necessary to pay the death benefit;
(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or
(3) the highest Contract Value on any Contract Anniversary prior to the Annuitant's 86th birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary.
Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).
If Nationwide does not receive all information necessary to pay the death benefit within one year of the Annuitant's death, the death benefit will be the greater of (1) or (2) above.
If the Annuitant dies prior to the Annuitization Date and the total of all purchase payments made to the contract is greater than $3,000,000, the death benefit will be determined using the following formula:
(A x F) + B(1 - F), where
A = the greatest of:
    (1) the Contract Value as of the date that Nationwide receives all the information necessary to pay the death benefit;
    (2) the total of all purchase payments, less an adjustment for amounts withdrawn; or
    (3) the highest Contract Value on any Contract Anniversary prior to the Annuitant's 86th birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary.
  If Nationwide does not receive all information necessary to pay the death benefit within one year of the Annuitant's death, the calculation for A above will be the greater of (1) or (2) above.
B = the Contract Value as of the date that Nationwide receives all the information necessary to pay the death benefit; and
F = the ratio of $3,000,000 to the total of all purchase payments made to the contract.
Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).
The practical effect of this formula is that, in down markets, the beneficiary recovers a lesser percentage of purchase payments in excess of $3,000,000 than for purchase payments up to $3,000,000. In up markets, the formula is less likely to have a negative effect. In no event will the beneficiary receive less than the Contract Value.
95

 

The One-Year Enhanced Death Benefit Option also includes the Spousal Protection Feature, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse.
Spousal Protection Feature
The standard death benefit and the One-Year Enhanced Death Benefit Option include a Spousal Protection Feature at no additional charge. The Spousal Protection Feature is not available for contracts issued as Charitable Remainder Trusts. The Spousal Protection Feature allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse, provided the conditions described below are satisfied:
(1) One or both spouses (or a revocable trust of which either or both of the spouses is/are grantor(s)) must be named as the Contract Owner. For contracts issued as an IRA or Roth IRA, only the person for whom the IRA or Roth IRA was established may be named as the Contract Owner;
(2) The spouses must be Co-Annuitants;
(3) Both spouses must be age 85 or younger at the time the contract is issued; however, if the death benefit option is elected, both spouses must meet the age requirements for the death benefit option at the time of application;
(4) Both spouses must be named as beneficiaries;
(5) No person other than the spouse may be named as Contract Owner, Annuitant, or primary beneficiary;
(6) If both spouses are alive upon annuitization, the Contract Owner must specify which spouse is the Annuitant upon whose continuation of life any annuity payments involving life contingencies depend (for an IRA or Roth IRA contract, this person must be the Contract Owner); and
(7) If the Contract Owner requests to add a Co-Annuitant after contract issuance, the date of marriage must be after the contract issue date and Nationwide will require the Contract Owner to provide a copy of the marriage certificate.
If a Co-Annuitant dies before the Annuitization Date, the surviving spouse may continue the contract as its sole Contract Owner. Additionally, if the death benefit value is higher than the Contract Value at the time of the first Co-Annuitant's death, Nationwide will adjust the Contract Value to equal the death benefit value. The surviving Co-Annuitant may then name a new beneficiary but may not name another Co-Annuitant.
If the marriage of the Co-Annuitants terminates due to the death of a spouse, divorce, dissolution, or annulment, the Spousal Protection Feature terminates and the Contract Owner is not permitted to cover a subsequent spouse.
The Spousal Protection Feature may not apply if the Contract Owner changes the beneficiary. Contract Owners contemplating changes to their beneficiary should contact their registered representative to determine how the changes impact the Spousal Protection Feature.
Additional purchase payments made to the contract after receiving the benefit of the Spousal Protection Feature are subject to the same CDSC provisions that were applicable prior to receiving the benefit of the Spousal Protection Feature. However, no CDSC will apply to purchase payments made prior to the death of the first spouse.
Annuity Commencement Date
The Annuity Commencement Date is the date on which annuity payments are scheduled to begin. Generally, the Contract Owner designates the Annuity Commencement Date at the time of application. If no Annuity Commencement Date is designated at the time of application, Nationwide will establish the Annuity Commencement Date as the date the Annuitant reaches age 90. The Contract Owner may initiate a change to the Annuity Commencement Date at any time. Additionally, Nationwide will notify the Contract Owner approximately 90 days before the impending Annuity Commencement Date of the opportunity to change the Annuity Commencement Date or annuitize the contract.
Any request to change the Annuity Commencement Date must meet the following requirements:
• the request is made prior to annuitization;
• the requested date is at least two years after the date of issue;
• the requested date is not later than the Annuitant’s 90th birthday (or the 90th birthday of the oldest Annuitant if there are joint Annuitants) unless approved by Nationwide; and
96

 

• the request for change is made in writing, submitted in good order to the Service Center, and approved by Nationwide.
Generally, Nationwide will not initiate annuitization until specifically directed to do so. However, for Non-Qualified Contracts only, Nationwide will automatically initiate annuitization within 45 days after the Annuity Commencement Date (whether default or otherwise), unless (1) Nationwide has had direct contact with the Contract Owner (indicating that the contract is not abandoned); or (2) the Contract Owner has taken some type of action which is inconsistent with the desire to annuitize.
Annuitizing the Contract
Annuitization Date
The Annuitization Date is the date that annuity payments begin. If the Contract Owner has elected the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, Nationwide Lifetime Income Rider Plus Max, 7% Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture option, or Nationwide Lifetime Income Track option, an election to begin annuity payments will terminate all benefits, conditions, guarantees, and charges associated with the elected option. If the Contract Owner has elected the Liquidity Option, the charge for the Liquidity Option will continue to be assessed for four years from the date the contract was issued, even if the contract is annuitized.
In addition, any optional death benefit that the Contract Owner elects will automatically terminate upon annuitization.
The Annuitization Date will be the first day of a calendar month unless otherwise agreed. Unless otherwise required by state law, the Annuitization Date must be at least two years after the contract is issued, but may not be later than either:
• the age (or date) specified in the contract; or
• the age (or date) specified by state law, where applicable.
The Internal Revenue Code may require that distributions be made prior to the Annuitization Date (see Appendix C: Contract Types and Tax Information).
If the contract is issued to fund a Tax Sheltered Annuity, annuitization may occur during the first two Contract Years subject to Nationwide’s approval.
On the Annuitization Date, the Annuitant becomes the Contract Owner unless the Contract Owner is a Charitable Remainder Trust.
Annuitization
Annuitization is the period during which annuity payments are received. It is irrevocable once payments have begun. Upon arrival of the Annuitization Date, the Annuitant must choose:
(1) an annuity payment option; and
(2) either a fixed payment annuity, variable payment annuity, or an available combination.
Annuity purchase rates are used to determine the amount of the annuity payments based upon the annuity payment option elected. Actual purchase rates used to determine annuity payments will be those in effect on the Annuitization Date, and will not be less than the guaranteed minimum purchase rates as provided in the contract.
Nationwide guarantees that each payment under a fixed payment annuity will be the same throughout annuitization. Under a variable payment annuity, the amount of each payment will vary with the performance of the Sub-Accounts elected.
The Custom Choice Asset Rebalancing Service, Custom Portfolio Asset Rebalancing Service and the Static Asset Allocation Models are not available after annuitization.
Any allocations in the Fixed Account that are to be annuitized as a variable payment annuity must be transferred to one or more Sub-Accounts prior to the Annuitization Date. There are no restrictions on Fixed Account transfers made in anticipation of annuitization.
Any allocations in the Sub-Accounts that are to be annuitized as a fixed payment annuity must be transferred to the Fixed Account prior to the Annuitization Date.
97

 

Fixed Annuity Payments
Fixed annuity payments provide for level annuity payments. Premium taxes are deducted prior to determining fixed annuity payments. The fixed annuity payments will remain level unless the annuity payment option provides otherwise.
Variable Annuity Payments
Variable annuity payments will vary depending on the performance of the Sub-Accounts selected. The Sub-Accounts available during annuitization are those Sub-Accounts corresponding to the underlying mutual funds shown in Appendix A: Underlying Mutual Fund Information.
First Variable Annuity Payment
A number of factors determine the amount of the first variable annuity payment, including, but not limited to:
• the portion of purchase payments allocated to provide variable annuity payments;
• the Variable Account value on the Annuitization Date;
• the adjusted age and sex of the Annuitant (and joint annuitant, if any) in accordance with the contract;
• the annuity payment option elected;
• the frequency of annuity payments;
• the Annuitization Date;
• the assumed investment return (the net investment return required to maintain level variable annuity payments);
• the deduction of applicable premium taxes; and
• the date the contract was issued.
Assumed Investment Return
An assumed investment return is the net investment return required to maintain level variable annuity payments. Nationwide uses a 3.5% assumed investment return factor. Therefore, if the net investment performance of each Sub-Account in which the Contract Owner invests exactly equals 3.5% for every payment period, then each payment will be the same amount. To the extent that investment performance is not equal to 3.5% for given payment periods, the amount of the payments in those periods will not be the same. Payments will increase from one payment date to the next if the annualized net rate of return is greater than 3.5% during that time. Conversely, payments will decrease from one payment to the next if the annualized net rate of return is less than 3.5% during that time.
Nationwide uses the assumed investment rate of return to determine the amount of the first variable annuity payment.
Subsequent Variable Annuity Payments
Variable annuity payments after the first will vary with the performance of the Sub-Accounts chosen by the Contract Owner after the investment performance is adjusted by the assumed investment return factor.
The dollar amount of each subsequent variable annuity payment is determined by taking the portion of the first annuity payment funded by a particular Sub-Account divided by the Annuity Unit value for that Sub-Account as of the Annuitization Date. This establishes the number of Annuity Units provided by each Sub-Account for each variable annuity payment after the first.
The number of Annuity Units comprising each variable annuity payment, on a Sub-Account basis, will remain constant, unless the Contract Owner transfers value from one Sub-Account to another. After annuitization, transfers among Sub-Accounts may only be made once per calendar year.
The number of Annuity Units for each Sub-Account is multiplied by the Annuity Unit value for that Sub-Account for the Valuation Period for which the payment is due. The sum of these results for all the Sub-Accounts in which the Contract Owner invests establishes the dollar amount of the variable annuity payment.
Subsequent variable annuity payments may be more or less than the previous variable annuity payment, depending on whether the net investment performance of the elected Sub-Accounts is greater or lesser than the assumed investment return.
98

 

Value of an Annuity Unit
Annuity Unit values for Sub-Accounts are determined by:
(1) multiplying the Annuity Unit value for each Sub-Account for the immediately preceding Valuation Period by the Net Investment Factor for the Sub-Account for the subsequent Valuation Period; and then
(2) multiplying the result from (1) by a factor to neutralize the assumed investment return factor.
The Net Investment Factor for any particular Sub-Account on or after the Annuitization Date is determined by dividing (a) by (b), and then subtracting (c) from the result, where:
(a) is the sum of:
(1) the Net Asset Value of the underlying mutual fund as of the end of the current Valuation Period; and
(2) the per share amount of any dividend or income distributions made by the underlying mutual fund (if the date of the dividend or income distribution occurs during the current Valuation Period).
(b) is the Net Asset Value of the underlying mutual fund determined as of the end of the preceding Valuation Period.
(c) is a factor representing the daily Variable Account charges, which is equal to 1.15% of the Daily Net Assets.
Based on the change in the Net Investment Factor, the value of an Annuity Unit may increase or decrease. Changes in the Net Investment Factor may not be directly proportional to changes in the Net Asset Value of the underlying mutual fund shares because of the deduction of Variable Account charges.
Though the number of Annuity Units will not change as a result of investment experience, the value of an Annuity Unit may increase or decrease from Valuation Period to Valuation Period.
Frequency and Amount of Annuity Payments
Annuity payments are based on the annuity payment option elected.
If no purchase payments are received in the 3 years before the Annuitization Date and if the net amount to be annuitized is less than $2,000, Nationwide reserves the right to pay this amount in a lump sum instead of periodic annuity payments.
Nationwide reserves the right to change the frequency of payments if the amount of any payment becomes less than $20. The payment frequency will be changed to an interval that will result in payments of at least $20. Nationwide will send annuity payments no later than seven days after each annuity payment date.
Annuity Payment Options
The Annuitant must elect an annuity payment option before the Annuitization Date. If the Annuitant does not elect an annuity payment option by that date, a variable payment Single Life with a 20 Year Term Certain annuity payment option will be assumed as the automatic form of payment upon annuitization. Once elected or assumed, the annuity payment option may not be changed.
Not all of the annuity payment options may be available in all states. Additionally, the annuity payment options available may be limited based on the Annuitant's age (and the joint Annuitant's age, if applicable) or requirements under the Internal Revenue Code.
Nationwide reserves the right to refuse any purchase payment that would result in the cumulative total for all contracts issued by Nationwide or its affiliates or subsidiaries on the life of any one Annuitant or owned by any one Contract Owner to exceed $1,000,000. If a Contract Owner does not submit purchase payments in excess of $1,000,000, or if Nationwide has refused to accept purchase payments in excess of $1,000,000, the references in this provision to purchase payments in excess of $1,000,000 will not apply. If the Contract Owner is permitted to submit purchase payments in excess of $1,000,000, additional restrictions apply, as follows.
Annuity Payment Options for Contracts with Total Purchase Payments and Contract Value Annuitized Less Than or Equal to $2,000,000
If, at the Annuitization Date, the total of all purchase payments made to the contract and the Contract Value annuitized is less than or equal to $2,000,000, the annuity payment options available are:
• Single Life;
99

 

• Standard Joint and Survivor; and
• Single Life with a 10 or 20 Year Term Certain.
Each of the annuity payment options is discussed more thoroughly below.
Single Life
The Single Life annuity payment option provides for annuity payments to be paid during the lifetime of the Annuitant. This option is not available if the Annuitant is 86 or older on the Annuitization Date.
Payments will cease with the last payment before the Annuitant's death. For example, if the Annuitant dies before the second annuity payment date, the Annuitant will receive only one payment. The Annuitant will only receive two annuity payments if he or she dies before the third payment date, and so on. No death benefit will be paid.
No withdrawals other than the scheduled annuity payments are permitted.
Standard Joint and Survivor
The Standard Joint and Survivor annuity payment option provides for annuity payments to continue during the joint lifetimes of the Annuitant and joint Annuitant. After the death of either the Annuitant or joint Annuitant, payments will continue for the life of the survivor. This option is not available if the Annuitant or joint Annuitant is 86 or older on the Annuitization Date.
Payments will cease with the last payment due prior to the death of the last survivor of the Annuitant and joint Annuitant. As is the case of the Single Life annuity payment option, there is no guaranteed number of payments. Therefore, it is possible that if the Annuitant dies before the second annuity payment date, the Annuitant will receive only one annuity payment. No death benefit will be paid.
No withdrawals other than the scheduled annuity payments are permitted.
Single Life with a 10 or 20 Year Term Certain
The Single Life with a 10 or 20 Year Term Certain annuity payment option provides that monthly annuity payments will be paid during the Annuitant's lifetime or for the term selected, whichever is longer. The term may be either 10 or 20 years.
If the Annuitant dies before the end of the 10 or 20 year term, payments will be paid to the beneficiary for the remainder of the term.
No withdrawals other than the scheduled annuity payments are permitted.
Any Other Option
Annuity payment options not set forth in this provision may be available. Any annuity payment option not set forth in this provision must be approved by Nationwide.
Annuity Payment Options for Contracts with Total Purchase Payments and/or Contract Value Annuitized Greater Than $2,000,000
If, at the Annuitization Date, the total of all purchase payments made to the contract and/or the Contract Value to be annuitized is greater than $2,000,000, Nationwide may limit the annuity payment option to the longer of:
(1) a Fixed Life Annuity with a 20 Year Term Certain; or
(2) a Fixed Life Annuity with a Term Certain to Age 95.
Annuitization of Amounts Greater than $5,000,000
Additionally, Nationwide may limit the amount that may be annuitized on a single life to $5,000,000. If the total amount to be annuitized is greater than $5,000,000 under this contract and/or for all Nationwide issued annuity contracts with the same Annuitant, the Contract Owner must:
100

 

(1) reduce the amount to be annuitized to $5,000,000 or less by taking a partial withdrawal from the contract;
(2) reduce the amount to be annuitized to $5,000,000 or less by exchanging the portion of the Contract Value in excess of $5,000,000 to another annuity contract; or
(3) annuitize the portion of the Contract Value in excess of $5,000,000 under an annuity payment option with a term certain, if available.
Statements and Reports
Nationwide will mail Contract Owners statements and reports. Therefore, Contract Owners should promptly notify the Service Center of any address change.
These mailings will contain:
• statements showing the contract's quarterly activity;
• confirmation statements showing transactions that affect the contract's value. Confirmation statements will not be sent for recurring transactions (i.e., Dollar Cost Averaging or salary reduction programs). Instead, confirmation of recurring transactions will appear in the contract's quarterly statements; and
• semi-annual and annual reports of allocated underlying mutual funds.
Contract Owners can receive information from Nationwide faster and reduce the amount of mail received by signing up for Nationwide's eDelivery program. Nationwide will notify Contract Owners by email when important documents (statements, prospectuses, and other documents) are ready for a Contract Owner to view, print, or download from Nationwide's secure server. To choose this option, go to: www.nationwide.com/login.
Contract Owners should review statements and confirmations carefully. All errors or corrections must be reported to Nationwide immediately to assure proper crediting to the contract. Unless Nationwide is notified within 30 days of receipt of the statement, Nationwide will assume statements and confirmation statements are correct.
IMPORTANT NOTICE REGARDING DELIVERY OF SECURITY OWNER DOCUMENTS
When multiple copies of the same disclosure document(s), such as prospectuses, supplements, proxy statements, and semi-annual and annual reports are required to be mailed to multiple Contract Owners in the same household, Nationwide will mail only one copy of each document, unless notified otherwise by the Contract Owner(s). Household delivery will continue for the life of the contracts.
A Contract Owner can revoke their consent to household delivery and reinstitute individual delivery by contacting the Service Center. Nationwide will reinstitute individual delivery within 30 days after receiving such notification.
Legal Proceedings
Nationwide Life Insurance Company
Nationwide Financial Services, Inc. (NFS, or collectively with its subsidiaries, (the "Company") was formed in November 1996. NFS is the holding company for Nationwide Life Insurance Company (NLIC), Nationwide Life and Annuity Insurance Company (NLAIC) and other companies that comprise the life insurance and retirement savings operations of the Nationwide group of companies (Nationwide). This group includes Nationwide Financial Network (NFN), an affiliated distribution network that markets directly to its customer base. NFS is incorporated in Delaware and maintains its principal executive offices in Columbus, Ohio.
The Company is subject to legal and regulatory proceedings in the ordinary course of its business. These include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope, and many uncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Company’s financial position. The Company maintains Professional Liability Insurance and Director and Officer Liability insurance policies that may cover losses for certain legal and regulatory proceedings. The Company will make adequate provision for any probable and reasonably estimable recoveries under such policies.
101

 

The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the Internal Revenue Service, the Office of the Comptroller of the Currency and state insurance authorities. Such regulatory entities may, in the normal course of business, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or their affiliates, the Company is cooperating with regulators.
Nationwide Investment Services Corporation
The general distributor, NISC (the "Company"), is subject to legal and regulatory proceedings in the ordinary course of its business. These include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope and many uncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Company’s financial position. The Company has agreements with Nationwide Life Insurance Company (NLIC) under which, NLIC pays all litigation costs on behalf of the Company. Should NLIC be unable or unwilling to pay these costs in the future, the Company would be liable for such costs.
The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the Internal Revenue Service, the Office of the Comptroller of the Currency and state insurance authorities. Such regulatory entities may, in the normal course of business, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or its affiliates, the Company is cooperating with regulators.
Contents of Statement of Additional Information
General Information and History
Services
Purchase of Securities Being Offered
Underwriters
Advertising
Annuity Payments
Financial Statements
Investment Company Act of 1940 Registration File No. 811-03330
Securities Act of 1933 Registration File No. 333-177731
102

 

Appendix A: Underlying Mutual Fund Information
This appendix contains information about the underlying mutual funds in which the Sub-Accounts invest. The underlying mutual funds in which the Sub-Accounts invest are designed primarily as investments for variable annuity contracts and variable life insurance policies issued by insurance companies. There is no guarantee that the investment objectives will be met. Refer to the prospectus for each underlying mutual fund for more detailed information.
   
Designations Key:
FF: The underlying mutual fund primarily invests in other mutual funds. Therefore, a proportionate share of the fees and expenses of any acquired funds are indirectly borne by investors. As a result, investors in this Sub-Account may incur higher charges than if the assets were invested in an underlying mutual fund that does not invest in other mutual funds. Refer to the prospectus for this underlying mutual fund for more information.
MF: The underlying mutual fund operates as a "feeder fund", which means it invests all of its investment assets in another mutual fund, the "master fund". Investors in this underlying mutual fund will bear the fees and expenses of both this underlying mutual fund and the "master fund" in which it invests. Therefore, this may result in higher expenses than those of other underlying mutual funds that invest directly in individual securities. Refer to the prospectus for this underlying mutual fund for more information.
VOL: The underlying mutual fund uses a volatility management strategy to reduce a Contract Owner’s exposure to equity investments when equity markets are volatile which may limit investment losses in a down market. However, use of such a strategy may also limit the growth of Contract Value. For contracts with a living benefit option elected, since the benefit base of a living benefit option is not decreased as a result of negative market performance, allocation to this type of underlying mutual fund may provide little or no additional benefit. For contracts without a living benefit option elected, allocation to this type of underlying mutual fund may result in foregone investment gains that could otherwise be realized by investing in riskier underlying mutual funds.
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class B
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2015
Investment Advisor: AllianceBernstein L.P.
Investment Objective: Maximize total return consistent with the Adviser’s determination of reasonable risk.
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2020
Investment Advisor: AllianceBernstein L.P.
Investment Objective: Long-term growth of capital.
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class B
Investment Advisor: AllianceBernstein L.P.
Investment Objective: Long-term growth of capital.
American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II
Investment Advisor: American Century Investment Management, Inc.
Investment Objective: The fund pursues long-term total return using a strategy that seeks to protect against U.S. inflation.
American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class II
Investment Advisor: American Century Investment Management, Inc.
Investment Objective: Long-term capital growth with income as a secondary objective.
American Century Variable Portfolios, Inc. - American Century VP Value Fund: Class II
Investment Advisor: American Century Investment Management, Inc.
Investment Objective: Long-term capital growth with income as a secondary objective.
103

 

American Funds Insurance Series® - Managed Risk Asset Allocation Fund: Class P2
This underlying mutual fund is only available in contracts for which good order applications were received before July 14, 2014
Investment Advisor: Capital Research and Management Company
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: Seeks to provide high total return consistent with preservation of capital over the long term while seeking to manage volatility and provide downside protection.
Designation: FF, VOL
BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III
Investment Advisor: BlackRock Advisors, LLC
Sub-advisor: BlackRock Financial Management, Inc.
Investment Objective: The Fund seeks to maximize total return, consistent with income generation and prudent investment management.
BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III
Investment Advisor: BlackRock Advisors, LLC
Sub-advisor: BlackRock Financial Management, Inc.
Investment Objective: To maximize total return, consistent with income generation and prudent investment management.
BlackRock Variable Series Funds, Inc. - BlackRock Equity Dividend V.I. Fund: Class III
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2017
Investment Advisor: BlackRock Advisors, LLC
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: To seek long-term total return and current income.
BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III
Investment Advisor: BlackRock Advisors, LLC
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: Seeks high total investment return.
BNY Mellon Investment Portfolios - MidCap Stock Portfolio: Service Shares
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2021
Investment Advisor: BNY Mellon Investment Adviser, Inc.
Investment Objective: The fund seeks investment results that are greater than the total return performance of publicly traded common stocks of medium-size domestic companies in the aggregate, as represented by the Standard & Poor's MidCap 400® Index (S&P 400 Index).
BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2013
Investment Advisor: BNY Mellon Investment Adviser, Inc.
Investment Objective: The fund seeks to match the performance of the Standard & Poor's® SmallCap 600 Index (S&P SmallCap 600 Index).
BNY Mellon Stock Index Fund, Inc.: Service Shares
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2013
Investment Advisor: BNY Mellon Investment Adviser, Inc.
Sub-advisor: Mellon Investments Corporation
Investment Objective: The fund seeks to match the total return of the S&P 500® Index.
BNY Mellon Variable Investment Fund - Appreciation Portfolio: Service Shares
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2016
Investment Advisor: BNY Mellon Investment Adviser, Inc.
Sub-advisor: Fayez Sarofim & Co.
Investment Objective: The fund seeks long-term capital growth consistent with the preservation of capital. Its secondary goal is current income.
104

 

Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - High Yield Bond Fund: Class 2 (formerly, Columbia Funds Variable Series Trust II - Columbia VP High Yield Bond Fund: Class 2)
Investment Advisor: Columbia Management Investment Advisors, LLC
Investment Objective: The Fund seeks to provide shareholders with high current income as its primary objective and, as its secondary objective, capital growth.
Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class
Investment Advisor: Delaware Management Company, Inc.
Investment Objective: The fund seeks capital appreciation.
Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class
Investment Advisor: Eaton Vance Management
Investment Objective: The fund seeks to provide a high level of current income.
Fidelity Variable Insurance Products - Emerging Markets Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: The fund seeks capital appreciation.
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: High total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.
Designation: FF
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: High total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.
Designation: FF
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: High total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.
Designation: FF
Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Income and capital growth consistent with reasonable risk.
Fidelity Variable Insurance Products Fund - VIP Contrafund® Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Long-term capital appreciation.
Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Capital appreciation.
Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Reasonable income.
Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: High total return through a combination of current income and capital appreciation.
Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Capital appreciation.
105

 

Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: High level of current income.
Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2017
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Long-term growth of capital.
Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Sub-advisor: FMR Co., Inc. (FMRC), FMR Investment Management (UK) Limited (FMR UK), and other investment advisers serve as sub-advisers for the fund.
Investment Objective: Long-term growth of capital.
Fidelity Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: The fund seeks above-average income and long-term capital growth, consistent with reasonable investment risk. The fund seeks to provide a yield that exceeds the composite yield of the S&P 500® Index.
Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2021
Investment Advisor: Franklin Advisers, Inc.
Investment Objective: Seeks capital appreciation with income as a secondary goal.
Designation: FF
Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2
Investment Advisor: Franklin Advisers, Inc.
Investment Objective: Seeks to maximize income while maintaining prospects for capital appreciation.
Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2013
Investment Advisor: Franklin Mutual Advisers, LLC
Investment Objective: Seeks long-term total return.
Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2019
Investment Advisor: Franklin Advisers, Inc.
Investment Objective: Seeks high current income, consistent with preservation of capital, with capital appreciation as a secondary consideration.
Goldman Sachs Variable Insurance Trust - Goldman Sachs Global Trends Allocation Fund: Service Shares
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2018
Investment Advisor: Goldman Sachs Asset Management, L.P.
Investment Objective: Seeks total return while seeking to provide volatility management
Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares
Investment Advisor: Goldman Sachs Asset Management, L.P.
Investment Objective: Seeks long-term growth of capital.
Guggenheim Variable Fund - Multi-Hedge Strategies
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2019
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation consistent with the return and risk characteristics of the hedge fund universe and, secondarily, to achieve these returns with low correlation to and less volatility than equity indices.
106

 

Invesco - Invesco V.I. Global Fund: Series II (formerly, Invesco Oppenheimer V.I. Global Fund: Series II)
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: The Fund seeks capital appreciation.
Invesco - Invesco V.I. Main Street Fund: Series II (formerly, Invesco Oppenheimer V.I. Main Street Fund: Series II)
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: The Fund seeks capital appreciation.
Invesco - Invesco V.I. Main Street Mid Cap Fund: Series II Shares (formerly, Invesco - Invesco V.I. Mid Cap Core Equity Fund: Series II Shares)
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2015
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: Long-term growth of capital.
Invesco - Invesco V.I. Main Street Small Cap Fund: Series II (formerly, Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series II)
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: Capital appreciation.
Invesco Oppenheimer V.I. International Growth Fund: Series II
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: The Fund seeks capital appreciation.
Ivy Variable Insurance Portfolios - Asset Strategy: Class II
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2017
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide total return.
Ivy Variable Insurance Portfolios - High Income: Class II
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2017
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide total return through a combination of high current income and capital appreciation.
Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide growth of capital.
Janus Aspen Series - Janus Henderson Balanced Portfolio: Service Shares
Investment Advisor: Janus Capital Management LLC
Investment Objective: Long-term capital growth, consistent with preservation of capital and balanced by current income.
Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares
Investment Advisor: Janus Capital Management LLC
Investment Objective: Maximum total return, consistent with preservation of capital.
Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2014
Investment Advisor: Janus Capital Management LLC
Investment Objective: Long-term growth of capital.
Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares
Investment Advisor: Janus Capital Management LLC
Investment Objective: Long-term growth of capital.
107

 

Janus Aspen Series - Janus Henderson Overseas Portfolio: Service Shares
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2016
Investment Advisor: Janus Capital Management LLC
Investment Objective: Long-term growth of capital.
JPMorgan Insurance Trust - JPMorgan Insurance Trust Core Bond Portfolio: Class 2
Investment Advisor: J.P. Morgan Investment Management Inc.
Investment Objective: Maximize total return by investing primarily in a diversified portfolio of intermediate and long-term debt securities.
Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2021
Investment Advisor: Lazard Asset Management LLC
Investment Objective: Long-term capital appreciation.
Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC
Investment Advisor: Lord, Abbett & Co. LLC
Investment Objective: The Fund’s investment objective is to seek income and capital appreciation to produce a high total return.
MFS® Variable Insurance Trust - MFS New Discovery Series: Service Class
Investment Advisor: Massachusetts Financial Services Company
Investment Objective: To seek capital appreciation.
MFS® Variable Insurance Trust - MFS Value Series: Service Class
Investment Advisor: Massachusetts Financial Services Company
Investment Objective: To seek capital appreciation.
MFS® Variable Insurance Trust II - MFS International Growth Portfolio: Service Class
Investment Advisor: Massachusetts Financial Services Company
Investment Objective: To seek capital appreciation.
MFS® Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Service Class
Investment Advisor: Massachusetts Financial Services Company
Investment Objective: To seek capital appreciation.
MFS® Variable Insurance Trust II - MFS Research International Portfolio: Service Class
Investment Advisor: Massachusetts Financial Services Company
Investment Objective: To seek capital appreciation.
MFS® Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Service Class
Investment Advisor: Massachusetts Financial Services Company
Investment Objective: To seek capital appreciation.
Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II
Investment Advisor: Morgan Stanley Investment Management Inc.
Sub-advisor: Morgan Stanley Investment Management Limited
Investment Objective: Both capital appreciation and current income.
Morgan Stanley Variable Insurance Fund, Inc. - Growth Portfolio: Class II
Investment Advisor: Morgan Stanley Investment Management Inc.
Investment Objective: Long-term capital appreciation by investing primarily in growth-oriented equity securities of large capitalization companies.
108

 

Mutual Fund and Variable Insurance Trust - Rational Insider Buying VA Fund
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2015
Investment Advisor: Rational Advisors, Inc.
Sub-advisor: Tuttle Tactical Management, LLC
Investment Objective: Seeks total return on investment with dividend income as an important component of that return
Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Allianz Global Investors U.S. LLC
Investment Objective: The fund seeks long-term capital growth.
Nationwide Variable Insurance Trust - NVIT American Funds Asset Allocation Fund: Class II (formerly, Nationwide Variable Insurance Trust - American Funds NVIT Asset Allocation Fund: Class II)
Investment Advisor: Capital Research and Management Company, Nationwide Fund Advisors
Investment Objective: The fund seeks to provide high total return (including income and capital gains) consistent with preservation of capital over the long term.
Designation: MF
Nationwide Variable Insurance Trust - NVIT American Funds Bond Fund: Class II (formerly, Nationwide Variable Insurance Trust - American Funds NVIT Bond Fund: Class II)
Investment Advisor: Capital Research and Management Company, Nationwide Fund Advisors
Investment Objective: The Fund seeks to provide as high a level of current income as is consistent with the preservation of capital.
Designation: MF
Nationwide Variable Insurance Trust - NVIT American Funds Global Growth Fund: Class II (formerly, Nationwide Variable Insurance Trust - American Funds NVIT Global Growth Fund: Class II)
Investment Advisor: Capital Research and Management Company, Nationwide Fund Advisors
Investment Objective: The Fund seeks to provide long-term growth of capital.
Designation: MF
Nationwide Variable Insurance Trust - NVIT American Funds Growth Fund: Class II (formerly, Nationwide Variable Insurance Trust - American Funds NVIT Growth Fund: Class II)
Investment Advisor: Capital Research and Management Company, Nationwide Fund Advisors
Investment Objective: The Fund seeks to provide growth of capital.
Designation: MF
Nationwide Variable Insurance Trust - NVIT American Funds Growth-Income Fund: Class II (formerly, Nationwide Variable Insurance Trust - American Funds NVIT Growth-Income Fund: Class II)
Investment Advisor: Capital Research and Management Company, Nationwide Fund Advisors
Investment Objective: The fund seeks to achieve long-term growth of capital and income.
Designation: MF
Nationwide Variable Insurance Trust - NVIT Amundi Multi Sector Bond Fund: Class I (formerly, Nationwide Variable Insurance Trust - Amundi NVIT Multi Sector Bond Fund: Class I)
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2021
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Amundi Pioneer Institutional Asset Management, Inc.
Investment Objective: The Fund seeks to provide above average total return over a market cycle of three to five years.
Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: AQR Capital Management, LLC
Investment Objective: The Fund seeks total return through a flexible combination of capital appreciation and current income.
109

 

Nationwide Variable Insurance Trust - NVIT BlackRock Equity Dividend Fund: Class II (formerly, Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class II)
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks capital growth and income through investments in equity securities, including common stocks and securities convertible into common stocks.
Nationwide Variable Insurance Trust - NVIT BlackRock Managed Global Allocation Fund: Class II (formerly, Nationwide Variable Insurance Trust - BlackRock NVIT Managed Global Allocation Fund: Class II)
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC and Nationwide Asset Management, LLC
Investment Objective: The Fund seeks high total investment return consistent with preservation of capital over the long term.
Designation: FF, VOL
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks maximum growth of capital consistent with a more aggressive level of risk as compared to other Blueprint(SM) Funds.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks a high level of total return through investment in both equity and fixed income securities.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks growth of capital, but also seeks income consistent with a less aggressive level of risk as compared to other Blueprint (SM) Funds.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks a high level of total return consistent with a conservative level of risk as compared to other Blueprint(SM) Funds.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Nationwide Asset Management, LLC
Investment Objective: The Fund seeks a high level of total return through investment in both equity and fixed-income securities, consistent with preservation of capital.
Designation: FF, VOL
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Nationwide Asset Management, LLC
Investment Objective: The Fund seeks growth primarily and investment income secondarily consistent with the preservation of capital.
Designation: FF, VOL
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Nationwide Asset Management, LLC
Investment Objective: The Fund seeks a high level of total return consistent with a moderate level of risk as compared to other Blueprint (SM) Funds.
Designation: FF
110

 

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks growth of capital, but also seeks income consistent with a moderately aggressive level of risk as compared to other Blueprint (SM) Funds.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The fund seeks a high level of total return consistent with a moderately conservative level of risk.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class I
This underlying mutual fund is no longer available to receive transfers or new purchase payments effective October 16, 2020
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Columbia Management Investment Advisers, LLC
Investment Objective: The Fund seeks to maximize total return consisting of capital appreciation and/or current income.
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class Z
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Columbia Management Investment Advisers, LLC
Investment Objective: The fund seeks to maximize total return consisting of capital appreciation and/or current income.
Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Nationwide Asset Management, LLC
Investment Objective: The Fund seeks a high level of current income consistent with preserving capital.
Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Neuberger Berman Investment Advisers LLC
Investment Objective: The Fund seeks long-term total return consistent with reasonable risk.
Nationwide Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class II (formerly, Nationwide Variable Insurance Trust - DoubleLine NVIT Total Return Tactical Fund: Class II)
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: DoubleLine Capital LP
Investment Objective: The Fund seeks to maximize total return.
Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Lazard Asset Management LLC and Standard Life Investments (Corporate Funds) Limited
Investment Objective: The Fund seeks long-term capital growth by investing primarily in equity securities of companies located in emerging market countries.
Nationwide Variable Insurance Trust - NVIT Federated High Income Bond Fund: Class I (formerly, Nationwide Variable Insurance Trust - Federated NVIT High Income Bond Fund: Class I)
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Federated Investment Management Company
Investment Objective: The Fund seeks to provide high current income.
Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Nationwide Asset Management, LLC
Investment Objective: The Fund seeks as high a level of current income as is consistent with preserving capital.
111

 

Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Federated Investment Management Company
Investment Objective: The Fund seeks as high a level of current income as is consistent with preserving capital and maintaining liquidity. The Fund is a money market fund that seeks to maintain a stable net asset value of $1.00 per share.
Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2020
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Lazard Asset Management LLC
Investment Objective: The Fund seeks long-term capital growth by investing primarily in equity securities of companies in Europe, Australasia, the Far East and other regions, including developing countries.
Nationwide Variable Insurance Trust - NVIT International Index Fund: Class VIII
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks to match the performance of the MSCI EAFE® Index as closely as possible before the deduction of Fund expenses.
Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks maximum growth of capital consistent with a more aggressive level of risk as compared to other Investor Destinations Funds.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks a high level of total return through investment in both equity and fixed-income securities.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks growth of capital, but also seeks income consistent with a less aggressive level of risk as compared to other NVIT Investor Destinations Funds.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks a high level of total return consistent with a conservative level of risk as compared to other Investor Destinations Funds.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Nationwide Asset Management, LLC
Investment Objective: The Fund seeks a high level of total return through investment in both equity and fixed-income securities, consistent with preservation of capital.
Designation: FF, VOL
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Nationwide Asset Management, LLC
Investment Objective: The Fund seeks growth primarily and investment income secondarily consistent with the preservation of capital.
Designation: FF, VOL
112

 

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks a high level of total return consistent with a moderate level of risk as compared to other Investor Destinations Funds.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks growth of capital, but also seeks income consistent with a moderately aggressive level of risk as compared to other Investor Destinations Funds.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks a high level of total return consistent with a moderately conservative level of risk.
Designation: FF
Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The fund seeks total return.
Designation: FF
Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks long-term capital appreciation.
Designation: FF
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: J.P. Morgan Investment Management Inc.
Investment Objective: The Fund seeks a high level of total return.
Nationwide Variable Insurance Trust - NVIT J.P. Morgan U.S. Equity Fund: Class II (formerly, Nationwide Variable Insurance Trust - NVIT J.P. Morgan Disciplined Equity Fund: Class II)
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: J.P. Morgan Investment Management Inc.
Investment Objective: The Fund seeks a high level of total return from a diversified portfolio of equity securities.
Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Jacobs Levy Equity Management, Inc.
Investment Objective: The fund seeks long-term capital growth.
Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Nationwide Asset Management, LLC
Investment Objective: The Fund seeks to provide a high total return (including income and capital gains) consistent with preservation of capital over the long term.
Designation: FF, VOL
Nationwide Variable Insurance Trust - NVIT Managed American Funds Growth-Income Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Nationwide Asset Management, LLC
Investment Objective: The Fund seeks to achieve long-term growth of capital and income.
Designation: FF, VOL
113

 

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Mellon Investments Corporation
Investment Objective: The Fund seeks long-term capital growth.
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class II
This underlying mutual fund is no longer available to receive transfers or new purchase payments effective September 11, 2020
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Mellon Investments Corporation
Investment Objective: The Fund seeks capital appreciation, and secondarily current income.
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class Z
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Mellon Investments Corporation
Investment Objective: The fund seeks capital appreciation, and secondarily current income.
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks capital appreciation.
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: American Century Investment Management, Inc. and Thompson, Siegel & Walmsley LLC
Investment Objective: The fund seeks long-term capital appreciation.
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Invesco Advisers, Inc. and Wellington Management Company, LLP
Investment Objective: The Fund seeks capital growth.
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Jacobs Levy Equity Management, Inc. and WCM Investment Management, LLC
Investment Objective: The Fund seeks capital appreciation.
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Jacobs Levy Equity Management, Inc. and Invesco Advisers, Inc.
Investment Objective: The Fund seeks long-term growth of capital.
Nationwide Variable Insurance Trust - NVIT Neuberger Berman Multi Cap Opportunities Fund: Class II (formerly, Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class II)
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Neuberger Berman Investment Advisers LLC
Investment Objective: The fund seeks long-term capital growth.
Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Newton Investment Management Limited
Investment Objective: The Fund seeks long-term growth of capital by investing primarily in securities of companies that meet the Fund's financial criteria and social policy.
Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Wellington Management Company LLP
Investment Objective: The Fund seeks current income and long-term capital appreciation.
114

 

Nationwide Variable Insurance Trust - NVIT S&P 500® Index Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks long-term capital appreciation.
Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Nationwide Asset Management, LLC
Investment Objective: The Fund seeks to provide a high level of current income while preserving capital and minimizing fluctuations in share value.
Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks to match the performance of the Russell 2000® Index as closely as possible before the deduction of Fund expenses.
Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Wells Capital Management, Inc.
Investment Objective: The Fund seeks long-term capital growth. The fund invests at least 80% of its net assets in equity securities issued by small- and medium-sized companies with market capitalization similar to those of companies included in the Russell 2500 index.
Northern Lights Variable Trust - TOPS® Managed Risk Balanced ETF Portfolio: Class 4
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2015
Investment Advisor: ValMark Advisers, Inc.
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: Seeks capital appreciation with less volatility than the equity markets as a whole.
Designation: FF, VOL
Northern Lights Variable Trust - TOPS® Managed Risk Growth ETF Portfolio: Class 4
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2015
Investment Advisor: ValMark Advisers, Inc.
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: Seeks capital appreciation with less volatility than the equity markets.
Designation: FF, VOL
Northern Lights Variable Trust - TOPS® Managed Risk Moderate Growth ETF Portfolio: Class 4
This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2015
Investment Advisor: ValMark Advisers, Inc.
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: Seeks capital appreciation with less volatility than the equity markets as a whole.
Designation: FF, VOL
PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor Class
Investment Advisor: PIMCO
Sub-advisor: Research Affiliates, LLC
Investment Objective: The Portfolio seeks maximum real return, consistent with preservation of real capital and prudent investment management.
Designation: FF
PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Advisor Class
Investment Advisor: PIMCO
Investment Objective: The portfolio seeks maximum total return consistent with preservation of capital and prudent investment management.
115

 

PIMCO Variable Insurance Trust - International Bond Portfolio (Unhedged): Advisor Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management.
PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management.
PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum current income, consistent with preservation of capital and daily liquidity.
PIMCO Variable Insurance Trust - Total Return Portfolio: Advisor Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management.
Putnam Variable Trust - Putnam VT International Equity Fund: Class IB
Investment Advisor: Putnam Investment Management, LLC
Sub-advisor: The Putnam Advisory Company, LLC
Investment Objective: Seeks capital appreciation.
Putnam Variable Trust - Putnam VT International Value Fund: Class IB
Investment Advisor: Putnam Investment Management, LLC
Sub-advisor: Putnam Investments Limited and The Putnam Advisory Company, LLC
Investment Objective: Seeks capital growth. Current income is a secondary objective.
Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IB (formerly, Putnam Variable Trust - Putnam VT Equity Income Fund: Class IB)
Investment Advisor: Putnam Investment Management, LLC
Sub-advisor: Putnam Investments Limited
Investment Objective: Seeks capital growth and current income.
T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II
Investment Advisor: T. Rowe Price Associates, Inc.
Investment Objective: The fund seeks long-term capital appreciation.
VanEck VIP Trust - Global Resources Fund: Class S (formerly, VanEck VIP Trust - Global Hard Assets Fund: Class S)
Investment Advisor: Van Eck Associates Corporation
Investment Objective: Seeks long-term capital appreciation by investing primarily in global resource securities. Income is a secondary consideration.
Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class A
Investment Advisor: Virtus Investment Advisers, Inc.
Sub-advisor: Duff & Phelps Investment Management Co.
Investment Objective: Capital appreciation and income with approximately equal emphasis.
Wells Fargo Variable Trust - VT Small Cap Growth Fund: Class 2
Investment Advisor: Wells Fargo Funds Management, LLC
Sub-advisor: Wells Capital Management, Inc.
Investment Objective: Seeks long-term capital appreciation.
116

 

Appendix B: Condensed Financial Information
The following tables list the Condensed Financial Information (the Accumulation Unit value information for Accumulation Units outstanding) for contracts with no optional benefits (the minimum Variable Account charge of 1.15%) and contracts with the most expensive combination of allowable optional benefits as of December 31, 2020 (the maximum Variable Account charge of 1.85%). The term "Period" is defined as a complete calendar year, unless otherwise noted. Those Periods with an asterisk (*) reflect Accumulation Unit information for a partial year only. To obtain a copy of the Condensed Financial Information for any other Variable Account expense tier, contact the Service Center and request a copy of the Statement of Additional Information, which is available free of charge.
The following underlying mutual funds in which the Sub-Accounts invest were added to the Variable Account after December 31, 2020; therefore, no Condensed Financial Information is available:
• Janus Aspen Series - Janus Henderson Balanced Portfolio: Service Shares
• Morgan Stanley Variable Insurance Fund, Inc. - Growth Portfolio: Class II
No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class B - Q/NQ
2020
   13.616642   14.114290   3.65%   2,801
2019
   11.953286   13.616642   13.92%   2,567
2018
   13.052099   11.953286   -8.42%   2,578
2017
   11.549310   13.052099   13.01%   2,495
2016
   11.302851   11.549310   2.18%   2,432
2015
   11.584949   11.302851   -2.44%   2,439
2014
   11.246597   11.584949   3.01%   0
2013
   10.164498   11.246597   10.65%   0
2012*
   10.000000   10.164498   1.64%   0
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B - Q/NQ
2020
   8.850860   8.942506   1.04%   2,431
2019
   7.666634   8.850860   15.45%   2,104
2018*
   10.000000   7.666634   -23.33%   1,315
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class B - Q/NQ
2020
   46.083112   46.944042   1.87%   3,544
2019
   38.881036   46.083112   18.52%   3,359
2018
   46.438955   38.881036   -16.27%   3,390
2017
   41.628464   46.438955   11.56%   3,660
2016
   33.745167   41.628464   23.36%   1,388
2015
   36.198936   33.745167   -6.78%   2,246
2014
   33.613007   36.198936   7.69%   1,823
2013
   24.705828   33.613007   36.05%   1,816
2012
   21.097393   24.705828   17.10%   671
American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II - Q/NQ
2020
   14.984262   16.227156   8.29%   6,103
2019
   13.919413   14.984262   7.65%   6,115
2018
   14.490699   13.919413   -3.94%   6,315
2017
   14.139658   14.490699   2.48%   6,253
2016
   13.702519   14.139658   3.19%   5,964
2015
   14.212713   13.702519   -3.59%   4,226
2014
   13.918761   14.212713   2.11%   4,123
2013
   15.385268   13.918761   -9.53%   3,532
2012
   14.494173   15.385268   6.15%   2,201
117

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class II - Q/NQ
2020
   34.328318   34.310264   -0.05%   115
2019
   26.922118   34.328318   27.51%   220
2018
   31.293423   26.922118   -13.97%   220
2017
   28.399743   31.293423   10.19%   911
2016
   23.410849   28.399743   21.31%   993
2015
   24.063288   23.410849   -2.71%   1,281
2014
   20.942467   24.063288   14.90%   919
2013
   16.309491   20.942467   28.41%   981
2012
   14.196027   16.309491   14.89%   762
American Century Variable Portfolios, Inc. - American Century VP Value Fund: Class II - Q/NQ
2020
   37.351307   37.228468   -0.33%   0
American Funds Insurance Series® - Managed Risk Asset Allocation Fund: Class P2 - Q/NQ
2020
   15.835793   16.574486   4.66%   225,315
2019
   13.577974   15.835793   16.63%   223,716
2018
   14.443915   13.577974   -6.00%   227,557
2017
   12.727275   14.443915   13.49%   244,774
2016
   12.001909   12.727275   6.04%   254,183
2015
   12.273034   12.001909   -2.21%   212,437
2014
   12.064883   12.273034   1.73%   168,689
2013
   10.122148   12.064883   19.19%   107,106
2012*
   10.000000   10.122148   1.22%   12,843
BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III - Q/NQ
2020
   11.874779   12.561333   5.78%   4,542
2019
   10.458541   11.874779   13.54%   4,897
2018
   10.895606   10.458541   -4.01%   4,401
2017
   10.293399   10.895606   5.85%   4,418
2016
   9.229679   10.293399   11.52%   837
2015*
   10.000000   9.229679   -7.70%   0
BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III - Q/NQ
2020
   10.727432   11.509991   7.29%   49,562
2019
   9.942756   10.727432   7.89%   35,999
2018
   10.132159   9.942756   -1.87%   37,595
2017
   9.931291   10.132159   2.02%   32,393
2016
   9.805385   9.931291   1.28%   21,407
2015*
   10.000000   9.805385   -1.95%   1,274
BlackRock Variable Series Funds, Inc. - BlackRock Equity Dividend V.I. Fund: Class III - Q/NQ
2020
   14.893893   15.248256   2.38%   24,755
2019
   11.821013   14.893893   26.00%   23,644
2018
   12.917289   11.821013   -8.49%   24,109
2017
   11.217354   12.917289   15.15%   24,252
2016
   9.777334   11.217354   14.73%   19,567
2015*
   10.000000   9.777334   -2.23%   0
118

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III - Q/NQ
2020
   18.568839   22.156464   19.32%   41,252
2019
   15.952447   18.568839   16.40%   36,731
2018
   17.462522   15.952447   -8.65%   25,148
2017
   15.535481   17.462522   12.40%   21,562
2016
   15.139654   15.535481   2.61%   18,177
2015
   15.470652   15.139654   -2.14%   17,978
2014
   15.353952   15.470652   0.76%   15,083
2013
   13.575527   15.353952   13.10%   7,716
2012
   12.489067   13.575527   8.70%   4,329
BNY Mellon Investment Portfolios - MidCap Stock Portfolio: Service Shares - Q/NQ
2020
   13.431767   14.318976   6.61%   788
2019
   11.337033   13.431767   18.48%   2,142
2018
   13.603470   11.337033   -16.66%   1,983
2017
   11.962136   13.603470   13.72%   2,060
2016
   10.504113   11.962136   13.88%   2,172
2015
   10.900598   10.504113   -3.64%   102
2014*
   10.000000   10.900598   9.01%   0
BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares - Q/NQ
2020
   51.787051   56.636901   9.36%   0
2019
   42.867476   51.787051   20.81%   0
2018
   47.645408   42.867476   -10.03%   0
2017
   42.879658   47.645408   11.11%   0
2016
   34.501040   42.879658   24.29%   0
2015
   35.734867   34.501040   -3.45%   0
2014
   34.389346   35.734867   3.91%   0
2013
   24.723264   34.389346   39.10%   0
2012
   21.609807   24.723264   14.41%   416
BNY Mellon Stock Index Fund, Inc.: Service Shares - Q/NQ
2020
   41.450474   48.231592   16.36%   124
2019
   32.048129   41.450474   29.34%   298
2018
   34.077341   32.048129   -5.95%   309
2017
   28.439917   34.077341   19.82%   795
2016
   25.816234   28.439917   10.16%   839
2015
   25.891724   25.816234   -0.29%   2,323
2014
   23.158254   25.891724   11.80%   2,374
2013
   17.787890   23.158254   30.19%   2,598
2012
   15.583821   17.787890   14.14%   560
BNY Mellon Variable Investment Fund - Appreciation Portfolio: Service Shares - Q/NQ
2020
   37.000972   45.126989   21.96%   0
2019
   27.567342   37.000972   34.22%   0
2018
   30.022263   27.567342   -8.18%   0
2017
   23.912056   30.022263   25.55%   0
2016
   22.473903   23.912056   6.40%   0
2015
   23.369551   22.473903   -3.83%   0
2014
   21.925375   23.369551   6.59%   0
2013
   18.357321   21.925375   19.44%   0
2012
   16.861989   18.357321   8.87%   0
119

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - High Yield Bond Fund: Class 2 - Q/NQ
2020
   11.167608   11.735378   5.08%   0
2019
   9.695584   11.167608   15.18%   0
2018
   10.217584   9.695584   -5.11%   0
2017*
   10.000000   10.217584   2.18%   0
Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class - Q/NQ
2020
   17.541952   16.962775   -3.30%   649
2019
   13.894548   17.541952   26.25%   463
2018
   16.924868   13.894548   -17.90%   0
2017
   15.319916   16.924868   10.48%   0
2016
   11.822522   15.319916   29.58%   0
2015
   12.786348   11.822522   -7.54%   1,562
2014
   12.246999   12.786348   4.40%   1,562
2013*
   10.000000   12.246999   22.47%   1,562
Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class - Q/NQ
2020
   11.292869   11.386181   0.83%   7,918
2019
   10.669004   11.292869   5.85%   7,991
2018
   10.803087   10.669004   -1.24%   6,897
2017
   10.564739   10.803087   2.26%   4,500
2016
   9.809744   10.564739   7.70%   0
2015
   10.023323   9.809744   -2.13%   0
2014
   10.082244   10.023323   -0.58%   0
Fidelity Variable Insurance Products - Emerging Markets Portfolio: Service Class 2 - Q/NQ
2020
   10.540294   13.636299   29.37%   4,136
2019
   8.253444   10.540294   27.71%   0
2018*
   10.000000   8.253444   -17.47%   0
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2 - Q/NQ
2020
   19.379610   21.501624   10.95%   46,448
2019
   16.937448   19.379610   14.42%   51,767
2018
   17.898356   16.937448   -5.37%   55,782
2017
   16.051874   17.898356   11.50%   59,986
2016
   15.431036   16.051874   4.02%   67,106
2015
   15.693791   15.431036   -1.67%   67,206
2014
   15.234807   15.693791   3.01%   50,872
2013
   13.615311   15.234807   11.89%   46,977
2012
   12.344227   13.615311   10.30%   14,233
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class 2 - Q/NQ
2020
   21.172126   24.009621   13.40%   684
2019
   17.866719   21.172126   18.50%   0
2018
   19.245467   17.866719   -7.16%   0
2017
   16.745796   19.245467   14.93%   9,089
2016
   16.011015   16.745796   4.59%   9,073
2015
   16.271976   16.011015   -1.60%   8,975
2014
   15.738060   16.271976   3.39%   8,853
2013
   13.768453   15.738060   14.31%   3,150
2012
   12.318852   13.768453   11.77%   2,986
120

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class 2 - Q/NQ
2020
   23.355635   26.929512   15.30%   620
2019
   19.037076   23.355635   22.68%   187
2018
   20.946970   19.037076   -9.12%   0
2017
   17.556772   20.946970   19.31%   0
2016
   16.696269   17.556772   5.15%   347
2015
   16.980427   16.696269   -1.67%   83
2014
   16.400060   16.980427   3.54%   230
2013
   13.665277   16.400060   20.01%   151
2012
   12.002448   13.665277   13.85%   151
Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2 - Q/NQ
2020
   13.894579   16.773917   20.72%   84,183
2019
   11.325144   13.894579   22.69%   55,822
2018
   11.990118   11.325144   -5.55%   43,983
2017
   10.445752   11.990118   14.78%   29,819
2016*
   10.000000   10.445752   4.46%   0
Fidelity Variable Insurance Products Fund - VIP Contrafund® Portfolio: Service Class 2 - Q/NQ
2020
   47.263088   60.845024   28.74%   72
2019
   36.421946   47.263088   29.77%   0
Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2 - Q/NQ
2020
   14.193962   9.417095   -33.65%   2,239
2019
   13.074633   14.193962   8.56%   1,377
2018
   17.582386   13.074633   -25.64%   1,081
2017
   18.294076   17.582386   -3.89%   1,246
2016
   13.861733   18.294076   31.98%   0
2015
   17.694870   13.861733   -21.66%   0
2014
   20.520501   17.694870   -13.77%   0
2013
   16.721636   20.520501   22.72%   0
2012
   16.151935   16.721636   3.53%   365
Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2 - Q/NQ
2020
   33.550948   35.301156   5.22%   15,901
2019
   26.702890   33.550948   25.65%   11,970
2018
   29.536986   26.702890   -9.60%   13,598
2017
   26.524303   29.536986   11.36%   13,914
2016
   22.795194   26.524303   16.36%   13,372
2015
   24.081035   22.795194   -5.34%   17,140
2014
   22.456933   24.081035   7.23%   17,071
2013
   17.772487   22.456933   26.36%   17,045
2012
   15.360050   17.772487   15.71%   7,812
Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2 - Q/NQ
2020
   14.952439   15.902912   6.36%   72,147
2019
   11.664359   14.952439   28.19%   42,033
2018
   12.995431   11.664359   -10.24%   31,563
2017
   11.273485   12.995431   15.27%   22,147
2016*
   10.000000   11.273485   12.73%   755
121

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2 - Q/NQ
2020
   47.266231   67.070657   41.90%   5,667
2019
   35.689890   47.266231   32.44%   3,628
2018
   36.264168   35.689890   -1.58%   4,428
2017
   27.210940   36.264168   33.27%   4,962
2016
   27.376076   27.210940   -0.60%   4,098
2015
   25.905931   27.376076   5.67%   6,041
2014
   23.607433   25.905931   9.74%   6,076
2013
   17.560229   23.607433   34.44%   6,262
2012
   15.528478   17.560229   13.08%   3,437
Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2 - Q/NQ
2020
   16.198752   17.479763   7.91%   81,395
2019
   14.978593   16.198752   8.15%   53,747
2018
   15.274047   14.978593   -1.93%   44,703
2017
   14.858137   15.274047   2.80%   32,856
2016
   14.386323   14.858137   3.28%   8,252
2015
   14.678405   14.386323   -1.99%   7,870
2014
   14.059340   14.678405   4.40%   7,895
2013
   14.523213   14.059340   -3.19%   7,891
2012
   13.912926   14.523213   4.39%   2,764
Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2 - Q/NQ
2020
   50.701790   59.073635   16.51%   1,727
2019
   41.642186   50.701790   21.76%   1,773
2018
   49.431752   41.642186   -15.76%   2,304
2017
   41.485406   49.431752   19.15%   2,474
2016
   37.495992   41.485406   10.64%   2,646
2015
   38.560249   37.495992   -2.76%   2,695
2014
   36.789783   38.560249   4.81%   2,956
2013
   27.392178   36.789783   34.31%   2,968
2012
   24.189033   27.392178   13.24%   1,177
Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class 2 - Q/NQ
2020
   29.881564   34.067124   14.01%   440
2019
   23.709025   29.881564   26.03%   474
2018
   28.238290   23.709025   -16.04%   881
2017
   21.975804   28.238290   28.50%   1,072
2016
   23.467075   21.975804   -6.35%   1,187
2015
   22.982464   23.467075   2.11%   1,673
Fidelity Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class 2 - Q/NQ
2020
   14.083572   12.976251   -7.86%   0
2019
   11.588046   14.083572   21.54%   0
2018
   12.532586   11.588046   -7.54%   0
2017
   12.217219   12.532586   2.58%   0
122

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2 - Q/NQ
2020
   15.540316   17.165543   10.46%   14,647
2019
   13.116311   15.540316   18.48%   15,493
2018
   14.686860   13.116311   -10.69%   7,490
2017
   13.267937   14.686860   10.69%   2,837
2016
   11.858820   13.267937   11.88%   2,946
2015
   12.791557   11.858820   -7.29%   6,645
2014
   12.582030   12.791557   1.67%   6,101
2013
   10.283833   12.582030   22.35%   6,264
2012
   9.020633   10.283833   14.00%   985
Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2 - Q/NQ
2020
   18.951450   18.863464   -0.46%   9,623
2019
   16.519149   18.951450   14.72%   21,797
2018
   17.464056   16.519149   -5.41%   22,189
2017
   16.108477   17.464056   8.42%   24,775
2016
   14.291261   16.108477   12.72%   23,239
2015
   15.554820   14.291261   -8.12%   23,042
2014
   15.041481   15.554820   3.41%   24,304
2013
   13.354649   15.041481   12.63%   24,686
2012
   11.992969   13.354649   11.35%   12,723
Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2 - Q/NQ
2020
   46.933333   48.800905   3.98%   189
2019
   37.578202   46.933333   24.90%   165
2018
   43.636823   37.578202   -13.88%   354
2017
   39.893682   43.636823   9.38%   391
2016
   30.998703   39.893682   28.69%   417
2015
   33.860639   30.998703   -8.45%   480
2014
   34.060063   33.860639   -0.59%   475
2013
   25.291090   34.060063   34.67%   456
2012
   21.612003   25.291090   17.02%   313
Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2 - Q/NQ
2020
   9.685128   9.068134   -6.37%   9,586
2019
   9.604466   9.685128   0.84%   9,100
2018
   9.532101   9.604466   0.76%   8,392
2017
   9.460508   9.532101   0.76%   8,341
2016
   9.297078   9.460508   1.76%   1,976
2015
   9.828317   9.297078   -5.41%   1,976
2014
   9.763677   9.828317   0.66%   2,773
Goldman Sachs Variable Insurance Trust - Goldman Sachs Global Trends Allocation Fund: Service Shares - Q/NQ
2020
   13.260099   13.646781   2.92%   0
2019
   11.983907   13.260099   10.65%   0
2018
   12.673601   11.983907   -5.44%   910
2017
   11.334512   12.673601   11.81%   905
2016
   10.989354   11.334512   3.14%   0
2015
   11.803858   10.989354   -6.90%   0
2014
   11.487935   11.803858   2.75%   0
2013
   10.233283   11.487935   12.26%   0
2012*
   10.000000   10.233283   2.33%   0
123

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares - Q/NQ
2020
   10.128138   10.684400   5.49%   0
2019
   9.415354   10.128138   7.57%   0
2018*
   10.000000   9.415354   -5.85%   0
Guggenheim Variable Fund - Multi-Hedge Strategies - Q/NQ
2020
   10.144676   10.768903   6.15%   0
2019
   9.772763   10.144676   3.81%   0
2018
   10.415636   9.772763   -6.17%   0
2017
   10.163024   10.415636   2.49%   0
2016
   10.330904   10.163024   -1.63%   0
2015
   10.261380   10.330904   0.68%   3,241
2014
   9.918609   10.261380   3.46%   2,205
2013*
   10.000000   9.918609   -0.81%   2,279
Invesco - Invesco V.I. Global Fund: Series II - Q/NQ
2020
   47.212400   59.427634   25.87%   2,859
2019
   36.333309   47.212400   29.94%   3,637
2018
   42.442950   36.333309   -14.39%   3,746
2017
   31.495987   42.442950   34.76%   3,738
2016
   31.911521   31.495987   -1.30%   4,176
2015
   31.139232   31.911521   2.48%   6,175
2014
   30.866879   31.139232   0.88%   4,998
Invesco - Invesco V.I. Main Street Fund: Series II - Q/NQ
2020
   37.503296   42.148527   12.39%   1,557
2019
   28.799363   37.503296   30.22%   1,574
2018
   31.703444   28.799363   -9.16%   1,600
2017
   27.496938   31.703444   15.30%   1,603
2016
   24.992254   27.496938   10.02%   282
2015
   24.521168   24.992254   1.92%   630
2014
   22.469491   24.521168   9.13%   645
2013
   17.293862   22.469491   29.93%   708
2012
   15.003542   17.293862   15.27%   427
Invesco - Invesco V.I. Main Street Mid Cap Fund: Series II Shares - Q/NQ
2020
   16.888278   18.186548   7.69%   340
2019
   13.663723   16.888278   23.60%   350
2018
   15.637469   13.663723   -12.62%   362
2017
   13.797174   15.637469   13.34%   369
2016
   12.333799   13.797174   11.86%   385
2015
   13.035277   12.333799   -5.38%   401
2014
   12.659081   13.035277   2.97%   393
2013
   9.968791   12.659081   26.99%   405
2012*
   10.000000   9.968791   -0.31%   0
124

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Invesco - Invesco V.I. Main Street Small Cap Fund: Series II - Q/NQ
2020
   49.825481   58.923665   18.26%   822
2019
   39.961755   49.825481   24.68%   1,014
2018
   45.191918   39.961755   -11.57%   1,003
2017
   40.133466   45.191918   12.60%   1,061
2016
   34.501906   40.133466   16.32%   1,181
2015
   37.168245   34.501906   -7.17%   1,099
2014
   33.675868   37.168245   10.37%   1,100
2013
   24.226087   33.675868   39.01%   1,131
2012
   20.828212   24.226087   16.31%   0
Invesco Oppenheimer V.I. International Growth Fund: Series II - Q/NQ
2020
   11.142865   13.332437   19.65%   4,535
2019
   8.809953   11.142865   26.48%   4,310
2018
   11.079236   8.809953   -20.48%   4,148
2017
   8.863738   11.079236   25.00%   4,148
2016
   9.216847   8.863738   -3.83%   0
2015
   9.043192   9.216847   1.92%   0
2014*
   10.000000   9.043192   -9.57%   0
Ivy Variable Insurance Portfolios - Asset Strategy: Class II - Q/NQ
2020
   18.326673   20.630009   12.57%   6,294
2019
   15.224312   18.326673   20.38%   6,329
2018
   16.288345   15.224312   -6.53%   6,405
2017
   13.931596   16.288345   16.92%   9,028
2016
   14.464707   13.931596   -3.69%   9,275
2015
   15.965561   14.464707   -9.40%   10,026
2014
   17.048949   15.965561   -6.35%   4,490
2013
   13.783255   17.048949   23.69%   1,808
2012
   11.700313   13.783255   17.80%   484
Ivy Variable Insurance Portfolios - High Income: Class II - Q/NQ
2020
   14.180108   14.861945   4.81%   5,669
2019
   12.901090   14.180108   9.91%   5,975
2018
   13.334010   12.901090   -3.25%   5,994
2017
   12.644255   13.334010   5.46%   6,541
2016
   11.008964   12.644255   14.85%   3,860
2015
   11.911916   11.008964   -7.58%   3,273
2014
   11.825257   11.911916   0.73%   4,004
2013
   10.826150   11.825257   9.23%   3,112
2012*
   10.000000   10.826150   8.26%   595
Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II - Q/NQ
2020
   22.785994   33.561355   47.29%   7,833
2019
   16.710824   22.785994   36.35%   6,342
2018
   16.916186   16.710824   -1.21%   779
2017
   13.485385   16.916186   25.44%   160
2016
   12.855627   13.485385   4.90%   174
2015
   13.803004   12.855627   -6.86%   2,117
2014
   12.944900   13.803004   6.63%   2,129
2013
   10.078253   12.944900   28.44%   2,264
2012*
   10.000000   10.078253   0.78%   0
125

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares - Q/NQ
2020
   10.659357   11.616936   8.98%   3,755
2019
   9.867861   10.659357   8.02%   601
2018
   10.113382   9.867861   -2.43%   0
2017
   9.898828   10.113382   2.17%   0
2016
   9.796037   9.898828   1.05%   0
2015*
   10.000000   9.796037   -2.04%   1,273
Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares - Q/NQ
2020
   60.185942   82.717557   37.44%   55
2019
   44.490404   60.185942   35.28%   150
2018
   44.250304   44.490404   0.54%   165
2017
   34.434579   44.250304   28.51%   168
2016
   34.170332   34.434579   0.77%   358
2015
   30.881449   34.170332   10.65%   1,224
2014
   28.801846   30.881449   7.22%   1,209
2013
   22.261226   28.801846   29.38%   1,401
2012
   18.182690   22.261226   22.43%   1,058
Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares - Q/NQ
2020
   34.346541   51.175347   49.00%   182
2019
   23.992662   34.346541   43.15%   271
2018
   24.054667   23.992662   -0.26%   445
2017
   16.791786   24.054667   43.25%   475
2016
   14.919967   16.791786   12.55%   503
2015
   14.423477   14.919967   3.44%   0
2014
   13.343943   14.423477   8.09%   0
2013
   9.970499   13.343943   33.83%   0
2012*
   10.000000   9.970499   -0.30%   621
Janus Aspen Series - Janus Henderson Overseas Portfolio: Service Shares - Q/NQ
2020
   34.737209   39.839522   14.69%   0
2019
   27.734388   34.737209   25.25%   0
2018
   33.063601   27.734388   -16.12%   0
2017
   25.570288   33.063601   29.30%   0
2016
   27.726728   25.570288   -7.78%   0
2015
   30.757342   27.726728   -9.85%   0
2014
   35.398964   30.757342   -13.11%   0
2013
   31.335568   35.398964   12.97%   0
2012
   28.009135   31.335568   11.88%   0
JPMorgan Insurance Trust - JPMorgan Insurance Trust Core Bond Portfolio: Class 2 - Q/NQ
2020
   9.957349   10.598926   6.44%   8,024
2019*
   10.000000   9.957349   -0.43%   0
126

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares - Q/NQ
2020
   10.410153   10.159222   -2.41%   9,336
2019
   8.914065   10.410153   16.78%   8,903
2018
   11.073198   8.914065   -19.50%   6,929
2017
   8.763183   11.073198   26.36%   4,996
2016
   7.339677   8.763183   19.39%   0
2015
   9.287866   7.339677   -20.98%   0
2014
   9.852806   9.287866   -5.73%   0
Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC - Q/NQ
2020
   10.746985   11.412375   6.19%   0
2019
   10.028624   10.746985   7.16%   0
2018
   10.251171   10.028624   -2.17%   0
2017
   9.984326   10.251171   2.67%   0
2016*
   10.000000   9.984326   -0.16%   0
MFS® Variable Insurance Trust - MFS New Discovery Series: Service Class - Q/NQ
2020
   23.035041   33.149983   43.91%   7,068
2019
   16.494780   23.035041   39.65%   7,364
2018
   16.979338   16.494780   -2.85%   1,707
2017
   13.596154   16.979338   24.88%   1,781
2016
   12.641599   13.596154   7.55%   1,931
2015
   13.069092   12.641599   -3.27%   1,982
2014
   14.292266   13.069092   -8.56%   1,958
2013
   10.238380   14.292266   39.59%   2,320
2012*
   10.000000   10.238380   2.38%   3,444
MFS® Variable Insurance Trust - MFS Value Series: Service Class - Q/NQ
2020
   42.002548   42.856683   2.03%   4,849
2019
   32.810230   42.002548   28.02%   3,910
2018
   37.029118   32.810230   -11.39%   3,695
2017
   31.920916   37.029118   16.00%   6,150
2016
   28.381463   31.920916   12.47%   6,018
2015
   28.982349   28.381463   -2.07%   4,486
2014
   26.605168   28.982349   8.94%   4,272
2013
   19.849130   26.605168   34.04%   2,888
2012
   17.328416   19.849130   14.55%   2,183
MFS® Variable Insurance Trust II - MFS International Growth Portfolio: Service Class - Q/NQ
2020
   10.869008   12.409437   14.17%   0
2019*
   10.000000   10.869008   8.69%   0
MFS® Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Service Class - Q/NQ
2020
   22.636626   26.897778   18.82%   6,565
2019
   18.224748   22.636626   24.21%   6,508
2018
   20.424056   18.224748   -10.77%   5,222
2017
   16.291646   20.424056   25.37%   7,706
2016
   15.871014   16.291646   2.65%   8,326
2015
   15.101235   15.871014   5.10%   7,304
2014
   15.105813   15.101235   -0.03%   7,453
2013
   11.972877   15.105813   26.17%   5,386
2012
   10.447976   11.972877   14.60%   3,185
127

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
MFS® Variable Insurance Trust II - MFS Research International Portfolio: Service Class - Q/NQ
2020*
   10.000000   13.335879   33.36%   0
MFS® Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Service Class - Q/NQ
2020*
   10.000000   13.648669   36.49%   1,671
Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II - Q/NQ
2020
   11.981062   11.673251   -2.57%   1,489
2019
   9.478930   11.981062   26.40%   1,562
2018
   10.411184   9.478930   -8.95%   1,937
2017
   9.358081   10.411184   11.25%   1,912
2016
   8.234226   9.358081   13.65%   0
2015*
   10.000000   8.234226   -17.66%   0
Mutual Fund and Variable Insurance Trust - Rational Insider Buying VA Fund - Q/NQ
2020
   22.265335   25.120716   12.82%   0
2019
   18.164537   22.265335   22.58%   0
2018
   19.798859   18.164537   -8.25%   0
2017
   17.042865   19.798859   16.17%   0
2016
   15.531504   17.042865   9.73%   0
2015
   16.925236   15.531504   -8.23%   1,436
2014
   17.482977   16.925236   -3.19%   1,408
2013
   13.406784   17.482977   30.40%   1,332
2012
   11.060501   13.406784   21.21%   0
Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class II - Q/NQ
2020
   13.916383   20.738796   49.02%   3,999
2019
   10.598109   13.916383   31.31%   1,760
2018
   12.867017   10.598109   -17.63%   1,817
2017
   10.368566   12.867017   24.10%   1,732
2016
   10.754701   10.368566   -3.59%   1,763
2015
   10.951496   10.754701   -1.80%   1,686
2014
   11.230744   10.951496   -2.49%   1,609
2013
   9.383592   11.230744   19.68%   1,001
2012
   8.217612   9.383592   14.19%   870
Nationwide Variable Insurance Trust - NVIT American Funds Asset Allocation Fund: Class II - Q/NQ
2020
   20.537919   22.737424   10.71%   284,523
2019
   17.201856   20.537919   19.39%   291,403
2018
   18.315015   17.201856   -6.08%   278,091
2017
   16.000522   18.315015   14.47%   265,551
2016
   14.849732   16.000522   7.75%   259,596
2015
   14.876089   14.849732   -0.18%   253,744
2014
   14.333814   14.876089   3.78%   239,250
2013
   11.761815   14.333814   21.87%   153,249
2012
   10.282856   11.761815   14.38%   64,269
128

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT American Funds Bond Fund: Class II - Q/NQ
2020
   12.840362   13.861167   7.95%   435,537
2019
   11.919041   12.840362   7.73%   406,793
2018
   12.189307   11.919041   -2.22%   405,084
2017
   11.947024   12.189307   2.03%   368,054
2016
   11.773591   11.947024   1.47%   302,170
2015
   11.938142   11.773591   -1.38%   282,107
2014
   11.504300   11.938142   3.77%   263,056
2013
   11.945598   11.504300   -3.69%   177,084
2012
   11.513086   11.945598   3.76%   59,488
Nationwide Variable Insurance Trust - NVIT American Funds Global Growth Fund: Class II - Q/NQ
2020
   25.343648   32.550400   28.44%   1,901
2019
   19.022635   25.343648   33.23%   2,902
2018
   21.247212   19.022635   -10.47%   2,588
2017
   16.411534   21.247212   29.47%   2,146
2016
   16.570921   16.411534   -0.96%   2,386
2015
   15.734209   16.570921   5.32%   1,157
2014
   15.630348   15.734209   0.66%   1,204
2013
   12.291636   15.630348   27.16%   1,225
2012
   10.185364   12.291636   20.68%   0
Nationwide Variable Insurance Trust - NVIT American Funds Growth Fund: Class II - Q/NQ
2020
   27.264896   40.830492   49.75%   19,262
2019
   21.170405   27.264896   28.79%   16,968
2018
   21.559589   21.170405   -1.81%   12,305
2017
   17.065869   21.559589   26.33%   17,253
2016
   15.829159   17.065869   7.81%   12,257
2015
   15.046269   15.829159   5.20%   12,234
2014
   14.085094   15.046269   6.82%   12,733
2013
   10.993629   14.085094   28.12%   12,251
2012
   9.473308   10.993629   16.05%   4,172
Nationwide Variable Insurance Trust - NVIT American Funds Growth-Income Fund: Class II - Q/NQ
2020
   21.666459   24.218265   11.78%   236,461
2019
   17.441755   21.666459   24.22%   245,605
2018
   18.039988   17.441755   -3.32%   246,680
2017
   14.967386   18.039988   20.53%   261,832
2016
   13.629860   14.967386   9.81%   264,864
2015
   13.640203   13.629860   -0.08%   257,847
2014
   12.518558   13.640203   8.96%   255,197
2013
   9.524179   12.518558   31.44%   187,781
2012
   8.230825   9.524179   15.71%   78,174
129

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Amundi Multi Sector Bond Fund: Class I - Q/NQ
2020
   18.002549   18.518012   2.86%   6,901
2019
   16.682451   18.002549   7.91%   11,360
2018
   17.282878   16.682451   -3.47%   11,743
2017
   16.442359   17.282878   5.11%   12,174
2016
   15.309363   16.442359   7.40%   11,989
2015
   15.948421   15.309363   -4.01%   14,047
2014
   15.530801   15.948421   2.69%   13,406
2013
   15.890146   15.530801   -2.26%   13,340
2012
   14.321138   15.890146   10.96%   2,947
Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class II - Q/NQ
2020
   37.736115   41.052172   8.79%   1,239
2019
   29.588011   37.736115   27.54%   0
2018
   30.017386   29.588011   -1.43%   0
2017
   25.253129   30.017386   18.87%   0
2016
   22.981833   25.253129   9.88%   0
2015
   23.096328   22.981833   -0.50%   596
2014
   20.895881   23.096328   10.53%   598
2013
   16.162472   20.895881   29.29%   661
2012
   14.362170   16.162472   12.54%   762
Nationwide Variable Insurance Trust - NVIT BlackRock Equity Dividend Fund: Class II - Q/NQ
2020
   37.340093   38.146295   2.16%   4,624
2019
   29.742341   37.340093   25.55%   1,269
2018
   32.516002   29.742341   -8.53%   1,211
2017
   27.949469   32.516002   16.34%   706
2016
   24.047691   27.949469   16.23%   204
2015
   26.022987   24.047691   -7.59%   495
2014
   24.168378   26.022987   7.67%   466
2013
   18.070541   24.168378   33.74%   514
2012
   15.470175   18.070541   16.81%   0
Nationwide Variable Insurance Trust - NVIT BlackRock Managed Global Allocation Fund: Class II - Q/NQ
2020
   11.375394   12.880301   13.23%   38,748
2019
   10.011497   11.375394   13.62%   32,468
2018
   11.066013   10.011497   -9.53%   32,371
2017
   9.452026   11.066013   17.08%   27,516
2016
   9.285482   9.452026   1.79%   20,228
2015*
   10.000000   9.285482   -7.15%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class II - Q/NQ
2020
   17.277952   19.224322   11.27%   1,561
2019
   14.100444   17.277952   22.53%   1,456
2018
   15.982846   14.100444   -11.78%   900
2017
   13.496191   15.982846   18.42%   788
2016
   12.599046   13.496191   7.12%   667
2015
   12.973144   12.599046   -2.88%   474
2014
   12.559301   12.973144   3.30%   476
2013
   9.812976   12.559301   27.99%   427
2012
   8.546808   9.812976   14.81%   0
130

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II - Q/NQ
2020
   15.505293   16.810630   8.42%   251,599
2019
   13.501284   15.505293   14.84%   273,754
2018
   14.567286   13.501284   -7.32%   277,015
2017
   13.151370   14.567286   10.77%   283,629
2016
   12.538101   13.151370   4.89%   304,470
2015
   12.819763   12.538101   -2.20%   317,243
2014
   12.434537   12.819763   3.10%   326,004
2013
   10.971118   12.434537   13.34%   294,275
2012
   9.993661   10.971118   9.78%   154,511
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class II - Q/NQ
2020
   16.698321   18.399049   10.19%   0
2019
   14.049013   16.698321   18.86%   0
2018
   15.476198   14.049013   -9.22%   0
2017
   13.518988   15.476198   14.48%   0
2016
   12.742843   13.518988   6.09%   0
2015
   13.064675   12.742843   -2.46%   0
2014
   12.623676   13.064675   3.49%   0
2013
   10.532766   12.623676   19.85%   0
2012
   9.376385   10.532766   12.33%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II - Q/NQ
2020
   13.579727   14.442807   6.36%   105,923
2019
   12.413160   13.579727   9.40%   95,669
2018
   12.894265   12.413160   -3.73%   102,737
2017
   12.264060   12.894265   5.14%   88,116
2016
   11.859292   12.264060   3.41%   90,698
2015
   12.085949   11.859292   -1.88%   92,360
2014
   11.831794   12.085949   2.15%   90,628
2013
   11.406770   11.831794   3.73%   86,063
2012
   10.734806   11.406770   6.26%   39,947
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II - Q/NQ
2020
   12.690394   13.176917   3.83%   35,922
2019
   11.275995   12.690394   12.54%   36,030
2018
   12.268198   11.275995   -8.09%   37,436
2017
   10.813782   12.268198   13.45%   40,367
2016
   10.363390   10.813782   4.35%   32,942
2015
   10.954322   10.363390   -5.39%   27,231
2014
   10.836834   10.954322   1.08%   26,842
2013*
   10.000000   10.836834   8.37%   1,030
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II - Q/NQ
2020
   13.202086   14.010680   6.12%   163,375
2019
   11.571843   13.202086   14.09%   144,287
2018
   12.598315   11.571843   -8.15%   149,540
2017
   10.819573   12.598315   16.44%   149,269
2016
   10.304924   10.819573   4.99%   149,618
2015
   10.959248   10.304924   -5.97%   157,450
2014
   10.975511   10.959248   -0.15%   140,367
2013*
   10.000000   10.975511   9.76%   29,604
131

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II - Q/NQ
2020
   16.154317   17.675534   9.42%   197,599
2019
   13.832436   16.154317   16.79%   219,283
2018
   15.061604   13.832436   -8.16%   226,062
2017
   13.368844   15.061604   12.66%   239,635
2016
   12.670096   13.368844   5.51%   244,002
2015
   12.955579   12.670096   -2.20%   249,097
2014
   12.533509   12.955579   3.37%   245,417
2013
   10.762993   12.533509   16.45%   228,117
2012
   9.689863   10.762993   11.07%   7,946
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class II - Q/NQ
2020
   16.972912   18.834699   10.97%   0
2019
   14.047477   16.972912   20.83%   0
2018
   15.704238   14.047477   -10.55%   0
2017
   13.455170   15.704238   16.72%   0
2016
   12.650899   13.455170   6.36%   0
2015
   12.993982   12.650899   -2.64%   0
2014
   12.571666   12.993982   3.36%   0
2013
   10.233532   12.571666   22.85%   0
2012
   9.035018   10.233532   13.27%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II - Q/NQ
2020
   14.961128   16.128251   7.80%   82,494
2019
   13.241451   14.961128   12.99%   86,130
2018
   14.066362   13.241451   -5.86%   113,537
2017
   12.949443   14.066362   8.63%   118,585
2016
   12.358450   12.949443   4.78%   170,004
2015
   12.636825   12.358450   -2.20%   228,104
2014
   12.282434   12.636825   2.89%   234,438
2013
   11.169980   12.282434   9.96%   226,965
2012
   10.268845   11.169980   8.78%   169,646
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class I - Q/NQ
2020
   16.004261   16.639639   3.97%   8,028
2019
   14.393241   16.004261   11.19%   10,921
2018
   17.271425   14.393241   -16.66%   11,389
2017
   14.237352   17.271425   21.31%   11,070
2016
   14.243671   14.237352   -0.04%   4,461
2015
   14.994609   14.243671   -5.01%   5,105
2014
   16.514477   14.994609   -9.20%   4,861
2013
   13.911205   16.514477   18.71%   4,480
2012
   11.770571   13.911205   18.19%   1,691
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class Z - Q/NQ
2020*
   10.000000   11.754163   17.54%   8,665
132

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class II - Q/NQ
2020
   13.766734   14.529997   5.54%   1,764
2019
   12.812523   13.766734   7.45%   1,685
2018
   13.052192   12.812523   -1.84%   1,806
2017
   12.673918   13.052192   2.98%   1,706
2016
   12.209832   12.673918   3.80%   1,599
2015
   12.461605   12.209832   -2.02%   0
2014
   12.043098   12.461605   3.48%   0
2013
   12.448172   12.043098   -3.25%   0
2012
   11.716609   12.448172   6.24%   0
Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class II - Q/NQ
2020
   14.683495   15.826766   7.79%   1,546
2019
   13.553996   14.683495   8.33%   1,572
2018
   13.914804   13.553996   -2.59%   1,642
2017
   13.565257   13.914804   2.58%   1,694
2016
   13.279654   13.565257   2.15%   1,598
2015
   13.503984   13.279654   -1.66%   3,793
2014
   13.025248   13.503984   3.68%   3,693
2013
   13.452380   13.025248   -3.18%   3,688
2012
   12.704929   13.452380   5.88%   2,670
Nationwide Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class II - Q/NQ
2020
   10.646588   10.917976   2.55%   14,667
2019
   10.104953   10.646588   5.36%   5,107
2018*
   10.000000   10.104953   1.05%   2,034
Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class II - Q/NQ
2020
   38.442305   42.939353   11.70%   2,109
2019
   31.703841   38.442305   21.25%   1,130
2018
   38.951753   31.703841   -18.61%   1,154
2017
   27.901948   38.951753   39.60%   1,079
2016
   26.261721   27.901948   6.25%   1,234
2015
   31.715737   26.261721   -17.20%   1,228
2014
   34.035014   31.715737   -6.81%   1,051
Nationwide Variable Insurance Trust - NVIT Federated High Income Bond Fund: Class I - Q/NQ
2020
   26.245827   27.504636   4.80%   2,124
2019
   23.140168   26.245827   13.42%   2,051
2018
   24.134655   23.140168   -4.12%   2,151
2017
   22.869387   24.134655   5.53%   2,437
2016
   20.265831   22.869387   12.85%   2,592
2015
   21.050455   20.265831   -3.73%   2,203
2014
   20.765745   21.050455   1.37%   2,616
133

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I - Q/NQ
2020
   13.897420   14.573216   4.86%   3,625
2019
   13.229560   13.897420   5.05%   2,872
2018
   13.390741   13.229560   -1.20%   2,599
2017
   13.269527   13.390741   0.91%   2,498
2016
   13.324658   13.269527   -0.41%   2,297
2015
   13.494346   13.324658   -1.26%   19,541
2014
   13.054852   13.494346   3.37%   20,376
2013
   13.764967   13.054852   -5.16%   20,560
2012
   13.512438   13.764967   1.87%   36,608
Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I - Q/NQ
2020
   9.919066   9.828863   -0.91%   48,847
2019
   9.858834   9.919066   0.61%   19,823
2018
   9.837354   9.858834   0.22%   25,731
2017
   9.909723   9.837354   -0.73%   31,883
2016
   10.023926   9.909723   -1.14%   26,927
2015
   10.140543   10.023926   -1.15%   10,570
2014
   10.258510   10.140543   -1.15%   10,710
2013
   10.377853   10.258510   -1.15%   9,934
2012
   10.498914   10.377853   -1.15%   23,076
Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II - Q/NQ
2020
   10.684210   11.373001   6.45%   663
2019
   9.089393   10.684210   17.55%   638
2018
   10.793413   9.089393   -15.79%   598
2017
   8.592293   10.793413   25.62%   585
2016
   8.637247   8.592293   -0.52%   651
2015
   9.028520   8.637247   -4.33%   644
2014
   9.199775   9.028520   -1.86%   609
2013
   7.916447   9.199775   16.21%   613
2012
   6.950462   7.916447   13.90%   0
Nationwide Variable Insurance Trust - NVIT International Index Fund: Class VIII - Q/NQ
2020
   12.085909   12.798386   5.90%   1,801
2019
   10.087724   12.085909   19.81%   0
2018
   11.884646   10.087724   -15.12%   0
2017
   9.660025   11.884646   23.03%   0
2016
   9.721257   9.660025   -0.63%   3,870
2015
   9.972865   9.721257   -2.52%   8,970
2014
   10.754329   9.972865   -7.27%   8,915
2013
   8.990410   10.754329   19.62%   7,304
2012
   7.694006   8.990410   16.85%   0
134

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II - Q/NQ
2020
   34.607305   38.593724   11.52%   0
2019
   28.294948   34.607305   22.31%   183
2018
   31.406973   28.294948   -9.91%   178
2017
   26.827228   31.406973   17.07%   663
2016
   24.791306   26.827228   8.21%   688
2015
   25.332564   24.791306   -2.14%   682
2014
   24.410332   25.332564   3.78%   695
2013
   19.406489   24.410332   25.78%   711
2012
   16.938944   19.406489   14.57%   526
Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II - Q/NQ
2020
   19.143380   20.703191   8.15%   259,140
2019
   16.790251   19.143380   14.01%   280,716
2018
   17.852396   16.790251   -5.95%   276,944
2017
   16.250688   17.852396   9.86%   296,873
2016
   15.464566   16.250688   5.08%   332,172
2015
   15.671697   15.464566   -1.32%   372,424
2014
   15.158944   15.671697   3.38%   373,762
2013
   13.520328   15.158944   12.12%   331,024
2012
   12.504317   13.520328   8.13%   110,493
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II - Q/NQ
2020
   23.320412   25.730639   10.34%   9,749
2019
   19.669523   23.320412   18.56%   4,608
2018
   21.276316   19.669523   -7.55%   4,817
2017
   18.746995   21.276316   13.49%   12,306
2016
   17.602214   18.746995   6.50%   12,525
2015
   17.902199   17.602214   -1.68%   12,621
2014
   17.213315   17.902199   4.00%   13,224
2013
   14.572666   17.213315   18.12%   1,504
2012
   13.133714   14.572666   10.96%   1,485
Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II - Q/NQ
2020
   16.481211   17.385684   5.49%   25,312
2019
   15.221855   16.481211   8.27%   25,981
2018
   15.682719   15.221855   -2.94%   30,966
2017
   15.011613   15.682719   4.47%   31,940
2016
   14.564788   15.011613   3.07%   42,273
2015
   14.695321   14.564788   -0.89%   52,515
2014
   14.309590   14.695321   2.70%   50,388
2013
   13.808862   14.309590   3.63%   34,394
2012
   13.282450   13.808862   3.96%   7,188
135

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II - Q/NQ
2020
   12.687149   13.113162   3.36%   61,190
2019
   11.358351   12.687149   11.70%   93,840
2018
   12.176209   11.358351   -6.72%   94,679
2017
   10.801883   12.176209   12.72%   96,230
2016
   10.337192   10.801883   4.50%   107,652
2015
   10.807752   10.337192   -4.35%   100,715
2014
   10.671417   10.807752   1.28%   94,844
2013*
   10.000000   10.671417   6.71%   65,231
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II - Q/NQ
2020
   13.284778   13.962991   5.11%   59,227
2019
   11.661195   13.284778   13.92%   58,201
2018
   12.557899   11.661195   -7.14%   61,383
2017
   10.861216   12.557899   15.62%   61,515
2016
   10.273175   10.861216   5.72%   63,090
2015
   10.820654   10.273175   -5.06%   73,563
2014
   10.759988   10.820654   0.56%   69,382
2013*
   10.000000   10.759988   7.60%   22,862
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II - Q/NQ
2020
   25.562376   27.882318   9.08%   163,929
2019
   21.962509   25.562376   16.39%   180,879
2018
   23.557485   21.962509   -6.77%   216,947
2017
   21.102865   23.557485   11.63%   221,925
2016
   19.924520   21.102865   5.91%   214,648
2015
   20.224004   19.924520   -1.48%   240,217
2014
   19.451473   20.224004   3.97%   245,215
2013
   16.872314   19.451473   15.29%   233,481
2012
   15.403616   16.872314   9.53%   63,462
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II - Q/NQ
2020
   30.922114   34.334964   11.04%   11,835
2019
   25.677034   30.922114   20.43%   12,987
2018
   28.152661   25.677034   -8.79%   17,189
2017
   24.408297   28.152661   15.34%   18,135
2016
   22.761033   24.408297   7.24%   18,551
2015
   23.195107   22.761033   -1.87%   18,872
2014
   22.356717   23.195107   3.75%   19,617
2013
   18.481146   22.356717   20.97%   1,797
2012
   16.435137   18.481146   12.45%   551
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II - Q/NQ
2020
   20.868550   22.392836   7.30%   24,014
2019
   18.603051   20.868550   12.18%   24,901
2018
   19.550246   18.603051   -4.84%   31,209
2017
   18.109008   19.550246   7.96%   37,712
2016
   17.330765   18.109008   4.49%   46,991
2015
   17.537747   17.330765   -1.18%   57,549
2014
   16.938973   17.537747   3.53%   63,166
2013
   15.508419   16.938973   9.22%   78,665
2012
   14.521734   15.508419   6.79%   45,499
136

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II - Q/NQ
2020
   10.484226   11.102025   5.89%   0
2019*
   10.000000   10.484226   4.84%   0
Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II - Q/NQ
2020
   10.785389   12.341594   14.43%   758
2019*
   10.000000   10.785389   7.85%   0
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund: Class II - Q/NQ
2020
   10.092605   10.127144   0.34%   7,493
2019*
   10.000000   10.092605   0.93%   0
Nationwide Variable Insurance Trust - NVIT J.P. Morgan U.S. Equity Fund: Class II - Q/NQ
2020
   10.968437   13.660774   24.55%   5,879
2019*
   10.000000   10.968437   9.68%   0
Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class II - Q/NQ
2020
   23.724360   30.467353   28.42%   2,168
2019
   18.430804   23.724360   28.72%   2,507
2018
   19.292821   18.430804   -4.47%   2,615
2017
   15.026794   19.292821   28.39%   2,977
2016
   14.904528   15.026794   0.82%   3,140
2015
   14.620369   14.904528   1.94%   3,719
2014
   13.427775   14.620369   8.88%   3,940
2013
   10.106069   13.427775   32.87%   3,014
2012
   8.803074   10.106069   14.80%   2,126
Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II - Q/NQ
2020
   13.266295   14.043728   5.86%   199,318
2019
   11.280690   13.266295   17.60%   152,864
2018
   11.990647   11.280690   -5.92%   132,959
2017
   10.318553   11.990647   16.20%   115,862
2016
   9.616317   10.318553   7.30%   39,416
2015
   9.951825   9.616317   -3.37%   18,495
2014*
   10.000000   9.951825   -0.48%   0
Nationwide Variable Insurance Trust - NVIT Managed American Funds Growth-Income Fund: Class II - Q/NQ
2020
   15.265250   16.143138   5.75%   75,906
2019
   12.659846   15.265250   20.58%   43,984
2018
   13.146444   12.659846   -3.70%   26,135
2017
   10.927974   13.146444   20.30%   20,824
2016
   10.045670   10.927974   8.78%   6,985
2015
   10.148174   10.045670   -1.01%   0
2014*
   10.000000   10.148174   1.48%   0
137

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class II - Q/NQ
2020
   39.759218   46.583948   17.17%   2,513
2019
   29.287812   39.759218   35.75%   2,513
2018
   30.094108   29.287812   -2.68%   2,513
2017
   23.958145   30.094108   25.61%   2,451
2016
   23.456331   23.958145   2.14%   0
2015
   22.637536   23.456331   3.62%   0
2014
   21.094704   22.637536   7.31%   381
2013
   15.658311   21.094704   34.72%   0
2012
   13.376674   15.658311   17.06%   0
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class II - Q/NQ
2020
   30.673154   30.742975   0.23%   1,634
2019
   24.494329   30.673154   25.23%   2,116
2018
   27.373243   24.494329   -10.52%   2,093
2017
   25.536111   27.373243   7.19%   2,186
2016
   21.488963   25.536111   18.83%   634
2015
   22.749450   21.488963   -5.54%   696
2014
   20.375888   22.749450   11.65%   1,054
2013
   15.654684   20.375888   30.16%   1,147
2012
   13.838196   15.654684   13.13%   409
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class Z - Q/NQ
2020*
   10.000000   11.809171   18.09%   7,541
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I - Q/NQ
2020
   50.594527   56.571828   11.81%   2,289
2019
   40.734220   50.594527   24.21%   2,318
2018
   46.505004   40.734220   -12.41%   2,267
2017
   40.632983   46.505004   14.45%   1,884
2016
   34.171304   40.632983   18.91%   1,693
2015
   35.467680   34.171304   -3.66%   2,798
2014
   32.791237   35.467680   8.16%   2,835
2013
   24.932794   32.791237   31.52%   2,851
2012
   21.471749   24.932794   16.12%   990
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II - Q/NQ
2020
   23.251775   22.721296   -2.28%   1,501
2019
   18.993158   23.251775   22.42%   1,437
2018
   22.126129   18.993158   -14.16%   1,427
2017
   19.661842   22.126129   12.53%   1,402
2016
   16.914135   19.661842   16.25%   1,467
2015
   17.619336   16.914135   -4.00%   1,521
2014
   15.231863   17.619336   15.67%   1,576
2013
   11.357084   15.231863   34.12%   1,289
2012
   9.875328   11.357084   15.00%   0
138

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class II - Q/NQ
2020
   37.351687   51.881263   38.90%   302
2019
   27.911829   37.351687   33.82%   328
2018
   30.766229   27.911829   -9.28%   331
2017
   24.969114   30.766229   23.22%   376
2016
   23.375200   24.969114   6.82%   398
2015
   23.522555   23.375200   -0.63%   733
2014
   23.207171   23.522555   1.36%   432
2013
   16.309138   23.207171   42.30%   358
2012
   14.589165   16.309138   11.79%   128
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class II - Q/NQ
2020
   42.049114   43.623480   3.74%   1,398
2019
   35.839508   42.049114   17.33%   388
2018
   43.750345   35.839508   -18.08%   343
2017
   40.695741   43.750345   7.51%   350
2016
   32.773322   40.695741   24.17%   380
2015
   35.379738   32.773322   -7.37%   403
2014
   33.523407   35.379738   5.54%   409
2013
   24.219631   33.523407   38.41%   159
2012
   20.366624   24.219631   18.92%   0
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class II - Q/NQ
2020
   43.763138   52.931037   20.95%   386
2019
   35.317881   43.763138   23.91%   138
2018
   40.991876   35.317881   -13.84%   132
2017
   36.632273   40.991876   11.90%   139
2016
   30.240076   36.632273   21.14%   149
2015
   31.182839   30.240076   -3.02%   150
2014
   31.371196   31.182839   -0.60%   156
2013
   22.579731   31.371196   38.94%   85
2012
   19.824409   22.579731   13.90%   0
Nationwide Variable Insurance Trust - NVIT Neuberger Berman Multi Cap Opportunities Fund: Class II - Q/NQ
2020
   21.370002   23.955048   12.10%   2,255
2019
   16.878142   21.370002   26.61%   2,458
2018
   17.975725   16.878142   -6.11%   2,681
2017
   14.575396   17.975725   23.33%   1,753
2016
   12.985771   14.575396   12.24%   0
2015
   13.295423   12.985771   -2.33%   0
2014
   12.622173   13.295423   5.33%   0
2013
   8.896205   12.622173   41.88%   0
2012
   7.703104   8.896205   15.49%   0
139

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class II - Q/NQ
2020
   22.235572   24.911455   12.03%   286
2019
   17.846014   22.235572   24.60%   318
2018
   19.181710   17.846014   -6.96%   332
2017
   16.393765   19.181710   17.01%   366
2016
   15.061419   16.393765   8.85%   394
2015
   15.300656   15.061419   -1.56%   415
2014
   14.006605   15.300656   9.24%   424
2013
   10.226827   14.006605   36.96%   454
2012
   9.288702   10.226827   10.10%   0
Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class II - Q/NQ
2020
   18.150177   16.919280   -6.78%   3,593
2019
   14.075903   18.150177   28.95%   3,298
2018
   14.842743   14.075903   -5.17%   3,418
2017
   14.145939   14.842743   4.93%   3,452
2016
   13.351815   14.145939   5.95%   3,596
2015
   14.317576   13.351815   -6.75%   4,881
2014
   11.262367   14.317576   27.13%   4,915
2013
   11.093835   11.262367   1.52%   5,146
2012
   9.710185   11.093835   14.25%   2,391
Nationwide Variable Insurance Trust - NVIT S&P 500® Index Fund: Class II - Q/NQ
2020
   20.960197   24.417772   16.50%   7,380
2019
   16.206131   20.960197   29.33%   7,657
2018
   17.235668   16.206131   -5.97%   7,349
2017
   14.382933   17.235668   19.83%   7,626
2016
   13.061331   14.382933   10.12%   8,311
2015
   13.089868   13.061331   -0.22%   15,103
2014
   11.710717   13.089868   11.78%   15,038
2013*
   10.000000   11.710717   17.11%   13,724
Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II - Q/NQ
2020
   10.947917   11.128490   1.65%   12,751
2019
   10.640381   10.947917   2.89%   12,089
2018
   10.677261   10.640381   -0.35%   12,151
2017
   10.633224   10.677261   0.41%   12,177
2016
   10.495092   10.633224   1.32%   11,379
2015
   10.653524   10.495092   -1.49%   10,703
2014
   10.724502   10.653524   -0.66%   10,611
2013
   10.837845   10.724502   -1.05%   8,814
2012
   10.591062   10.837845   2.33%   2,205
Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II - Q/NQ
2020
   17.849018   21.052219   17.95%   1,273
2019
   14.449950   17.849018   23.52%   1,273
2018
   16.489473   14.449950   -12.37%   1,273
2017
   14.609064   16.489473   12.87%   0
2016
   12.226748   14.609064   19.48%   0
2015
   13.003827   12.226748   -5.98%   0
2014
   12.582420   13.003827   3.35%   0
2013*
   10.000000   12.582420   25.82%   0
140

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class II - Q/NQ
2020
   23.700330   37.601303   58.65%   811
2019
   17.521481   23.700330   35.26%   954
2018
   19.070560   17.521481   -8.12%   1,043
2017
   15.128127   19.070560   26.06%   1,206
2016
   14.429845   15.128127   4.84%   1,337
2015
   14.648357   14.429845   -1.49%   1,308
2014
   14.287313   14.648357   2.53%   1,453
2013
   10.427761   14.287313   37.01%   467
2012
   9.201800   10.427761   13.32%   0
Northern Lights Variable Trust - TOPS® Managed Risk Balanced ETF Portfolio: Class 4 - Q/NQ
2020
   12.265405   12.786573   4.25%   0
2019
   10.867647   12.265405   12.86%   0
2018
   11.747500   10.867647   -7.49%   0
2017
   10.779858   11.747500   8.98%   0
2016
   10.305628   10.779858   4.60%   0
2015
   10.947658   10.305628   -5.86%   0
2014
   10.784873   10.947658   1.51%   0
2013
   10.152337   10.784873   6.23%   0
2012*
   10.000000   10.152337   1.52%   0
Northern Lights Variable Trust - TOPS® Managed Risk Growth ETF Portfolio: Class 4 - Q/NQ
2020
   13.101800   13.579266   3.64%   0
2019
   11.363313   13.101800   15.30%   0
2018
   12.645315   11.363313   -10.14%   0
2017
   10.902113   12.645315   15.99%   0
2016
   10.488290   10.902113   3.95%   0
2015
   11.708404   10.488290   -10.42%   0
2014
   11.740821   11.708404   -0.28%   0
2013
   10.271153   11.740821   14.31%   0
2012*
   10.000000   10.271153   2.71%   0
Northern Lights Variable Trust - TOPS® Managed Risk Moderate Growth ETF Portfolio: Class 4 - Q/NQ
2020
   13.084234   13.649020   4.32%   0
2019
   11.422303   13.084234   14.55%   0
2018
   12.508424   11.422303   -8.68%   0
2017
   11.137100   12.508424   12.31%   0
2016
   10.644170   11.137100   4.63%   0
2015
   11.537839   10.644170   -7.75%   0
2014
   11.387543   11.537839   1.32%   0
2013
   10.288820   11.387543   10.68%   0
2012*
   10.000000   10.288820   2.89%   0
141

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor Class - Q/NQ
2020
   12.114771   12.922460   6.67%   2,058
2019
   10.967710   12.114771   10.46%   2,058
2018
   11.735218   10.967710   -6.54%   2,058
2017
   10.470564   11.735218   12.08%   2,058
2016
   9.381376   10.470564   11.61%   2,058
2015
   10.450730   9.381376   -10.23%   7,441
2014
   10.524441   10.450730   -0.70%   7,386
2013
   10.635249   10.524441   -1.04%   7,370
2012*
   10.000000   10.635249   6.35%   0
PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Advisor Class - Q/NQ
2020
   11.480492   12.095168   5.35%   0
2019
   10.129788   11.480492   13.33%   368
2018
   10.767882   10.129788   -5.93%   0
2017
   9.922384   10.767882   8.52%   822
2016
   8.866028   9.922384   11.91%   871
2015
   9.186450   8.866028   -3.49%   0
2014
   9.164602   9.186450   0.24%   0
PIMCO Variable Insurance Trust - International Bond Portfolio (Unhedged): Advisor Class - Q/NQ
2020
   12.296846   13.451471   9.39%   3,054
2019
   11.635048   12.296846   5.69%   3,587
2018
   12.271013   11.635048   -5.18%   3,348
2017
   11.210014   12.271013   9.46%   3,475
2016
   11.020101   11.210014   1.72%   3,443
2015
   12.010066   11.020101   -8.24%   4,987
2014
   12.113330   12.010066   -0.85%   4,790
2013
   13.115558   12.113330   -7.64%   4,649
2012
   12.608799   13.115558   4.02%   2,735
PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class - Q/NQ
2020
   11.807049   12.008521   1.71%   14,437
2019
   11.493435   11.807049   2.73%   13,073
2018
   11.600379   11.493435   -0.92%   16,451
2017
   11.589833   11.600379   0.09%   16,641
2016
   11.573261   11.589833   0.14%   15,517
2015
   11.683511   11.573261   -0.94%   16,578
2014
   11.731651   11.683511   -0.41%   16,692
2013
   11.895761   11.731651   -1.38%   13,642
2012
   11.380137   11.895761   4.53%   3,537
PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class - Q/NQ
2020
   10.421282   10.521932   0.97%   0
2019
   10.265731   10.421282   1.52%   0
2018
   10.239689   10.265731   0.25%   0
2017
   10.125090   10.239689   1.13%   0
2016*
   10.000000   10.125090   1.25%   0
142

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
PIMCO Variable Insurance Trust - Total Return Portfolio: Advisor Class - Q/NQ
2020
   11.834983   12.696924   7.28%   47,154
2019
   11.060480   11.834983   7.00%   46,938
2018
   11.261373   11.060480   -1.78%   52,908
2017
   10.868481   11.261373   3.61%   64,529
2016
   10.717682   10.868481   1.41%   51,361
2015
   10.806099   10.717682   -0.82%   69,350
2014
   10.494450   10.806099   2.97%   68,566
2013
   10.839073   10.494450   -3.18%   65,164
2012
   10.014102   10.839073   8.24%   24,025
Putnam Variable Trust - Putnam VT International Equity Fund: Class IB - Q/NQ
2020
   22.152184   24.545988   10.81%   1,169
2019
   17.905997   22.152184   23.71%   159
2018
   22.396267   17.905997   -20.05%   147
2017
   17.898565   22.396267   25.13%   0
2016
   18.561598   17.898565   -3.57%   0
Putnam Variable Trust - Putnam VT International Value Fund: Class IB - Q/NQ
2020*
   10.000000   13.517494   35.17%   0
Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IB - Q/NQ
2020
   13.147119   13.750009   4.59%   3,336
T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II - Q/NQ
2020
   45.054772   57.572019   27.78%   2,740
2019
   35.434142   45.054772   27.15%   3,118
2018
   35.543945   35.434142   -0.31%   3,251
2017
   28.243797   35.543945   25.85%   3,234
2016
   32.000556   28.243797   -11.74%   1,534
2015
   28.783452   32.000556   11.18%   2,495
2014
   22.189717   28.783452   29.72%   1,541
2013
   14.914208   22.189717   48.78%   1,517
2012
   11.517684   14.914208   29.49%   895
VanEck VIP Trust - Global Resources Fund: Class S - Q/NQ
2020
   5.897768   6.927582   17.46%   4,146
2019
   5.348808   5.897768   10.26%   5,695
2018
   7.560210   5.348808   -29.25%   5,068
2017
   7.801719   7.560210   -3.10%   6,193
2016
   5.503148   7.801719   41.77%   3,208
2015
   8.387716   5.503148   -34.39%   8,007
2014
   10.520797   8.387716   -20.27%   6,384
2013
   9.649712   10.520797   9.03%   5,886
2012*
   10.000000   9.649712   -3.50%   1,363
Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class A - Q/NQ
2020
   10.805477   10.515723   -2.68%   0
2019*
   10.000000   10.805477   8.05%   0
143

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Wells Fargo Variable Trust - VT Small Cap Growth Fund: Class 2 - Q/NQ
2020
   38.114109   59.447014   55.97%   0
2019
   30.888198   38.114109   23.39%   0
2018
   30.845782   30.888198   0.14%   0
2017
   24.792668   30.845782   24.41%   0
2016
   23.277094   24.792668   6.51%   0
2015
   24.246816   23.277094   -4.00%   0
2014
   24.998295   24.246816   -3.01%   0
2013
   16.833485   24.998295   48.50%   0
2012
   15.787144   16.833485   6.63%   0
144

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class B - Q/NQ
2020
   12.894632   13.271261   2.92%   0
2019
   11.400187   12.894632   13.11%   0
2018
   12.537474   11.400187   -9.07%   0
2017
   11.172804   12.537474   12.21%   0
2016
   11.012140   11.172804   1.46%   0
2015
   11.367500   11.012140   -3.13%   0
2014
   11.114209   11.367500   2.28%   0
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B - Q/NQ
2020
   8.746479   8.774459   0.32%   0
2019
   7.630238   8.746479   14.63%   0
2018*
   10.000000   7.630238   -23.70%   0
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class B - Q/NQ
2020
   40.874802   41.343505   1.15%   0
2019
   34.732603   40.874802   17.68%   0
2018
   41.781949   34.732603   -16.87%   0
2017
   37.720118   41.781949   10.77%   0
2016
   30.794342   37.720118   22.49%   0
2015
   33.269220   30.794342   -7.44%   0
2014
   31.112937   33.269220   6.93%   0
American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II - Q/NQ
2020
   13.279058   14.278716   7.53%   0
2019
   12.423356   13.279058   6.89%   0
2018
   13.025991   12.423356   -4.63%   0
2017
   12.800830   13.025991   1.76%   0
2016
   12.493311   12.800830   2.46%   0
2015
   13.050939   12.493311   -4.27%   0
2014
   12.872186   13.050939   1.39%   0
American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class II - Q/NQ
2020
   30.930890   30.695622   -0.76%   0
2019
   24.430609   30.930890   26.61%   0
2018
   28.601171   24.430609   -14.58%   0
2017
   26.140946   28.601171   9.41%   0
2016
   21.702037   26.140946   20.45%   0
2015
   22.465985   21.702037   -3.40%   0
2014
   19.691725   22.465985   14.09%   0
American Century Variable Portfolios, Inc. - American Century VP Value Fund: Class II - Q/NQ
2020
   33.134090   32.791151   -1.04%   0
145

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
American Funds Insurance Series® - Managed Risk Asset Allocation Fund: Class P2 - Q/NQ
2020
   15.050153   15.640653   3.92%   0
2019
   12.996344   15.050153   15.80%   0
2018
   13.924374   12.996344   -6.66%   0
2017
   12.356692   13.924374   12.69%   0
2016
   11.735307   12.356692   5.30%   0
2015
   12.086018   11.735307   -2.90%   0
2014
   11.965780   12.086018   1.00%   0
BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III - Q/NQ
2020
   11.487279   12.065381   5.03%   0
2019
   10.189411   11.487279   12.74%   0
2018
   10.691353   10.189411   -4.69%   0
2017
   10.172267   10.691353   5.10%   0
2016
   9.185936   10.172267   10.74%   0
2015*
   10.000000   9.185936   -8.14%   0
BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III - Q/NQ
2020
   10.377379   11.055553   6.54%   0
2019
   9.686901   10.377379   7.13%   0
2018
   9.942216   9.686901   -2.57%   0
2017
   9.814423   9.942216   1.30%   0
2016
   9.758916   9.814423   0.57%   0
2015*
   10.000000   9.758916   -2.41%   0
BlackRock Variable Series Funds, Inc. - BlackRock Equity Dividend V.I. Fund: Class III - Q/NQ
2020
   14.407902   14.646232   1.65%   0
2019
   11.516814   14.407902   25.10%   0
2018
   12.675176   11.516814   -9.14%   0
2017
   11.085342   12.675176   14.34%   0
2016
   9.730969   11.085342   13.92%   0
2015*
   10.000000   9.730969   -2.69%   0
BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III - Q/NQ
2020
   17.213255   20.393618   18.48%   0
2019
   14.893306   17.213255   15.58%   0
2018
   16.420092   14.893306   -9.30%   0
2017
   14.711924   16.420092   11.61%   0
2016
   14.439042   14.711924   1.89%   0
2015
   14.859989   14.439042   -2.83%   0
2014
   14.853093   14.859989   0.05%   0
BNY Mellon Investment Portfolios - MidCap Stock Portfolio: Service Shares - Q/NQ
2020
   12.901420   13.656210   5.85%   0
2019
   10.967071   12.901420   17.64%   0
2018
   13.254024   10.967071   -17.25%   0
2017
   11.737699   13.254024   12.92%   0
2016
   10.380307   11.737699   13.08%   0
2015
   10.848962   10.380307   -4.32%   0
2014*
   10.000000   10.848962   8.49%   0
146

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares - Q/NQ
2020
   45.934517   49.880630   8.59%   0
2019
   38.294076   45.934517   19.95%   0
2018
   42.867748   38.294076   -10.67%   0
2017
   38.854190   42.867748   10.33%   0
2016
   31.484344   38.854190   23.41%   0
2015
   32.842926   31.484344   -4.14%   0
2014
   31.831718   32.842926   3.18%   0
BNY Mellon Stock Index Fund, Inc.: Service Shares - Q/NQ
2020
   36.766390   42.478343   15.54%   0
2019
   28.629213   36.766390   28.42%   0
2018
   30.660387   28.629213   -6.62%   0
2017
   25.770073   30.660387   18.98%   0
2016
   23.559022   25.770073   9.39%   0
2015
   23.796436   23.559022   -1.00%   0
2014
   21.435938   23.796436   11.01%   0
BNY Mellon Variable Investment Fund - Appreciation Portfolio: Service Shares - Q/NQ
2020
   32.819843   39.744228   21.10%   0
2019
   24.626540   32.819843   33.27%   0
2018
   27.012031   24.626540   -8.83%   0
2017
   21.667347   27.012031   24.67%   0
2016
   20.508999   21.667347   5.65%   0
2015
   21.478467   20.508999   -4.51%   0
2014
   20.294866   21.478467   5.83%   0
Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - High Yield Bond Fund: Class 2 - Q/NQ
2020
   10.957873   11.433464   4.34%   0
2019
   9.581305   10.957873   14.37%   0
2018
   10.169566   9.581305   -5.78%   0
2017*
   10.000000   10.169566   1.70%   0
Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class - Q/NQ
2020
   16.730056   16.063083   -3.99%   0
2019
   13.345931   16.730056   25.36%   0
2018
   16.373310   13.345931   -18.49%   0
2017
   14.926019   16.373310   9.70%   0
2016
   11.600441   14.926019   28.67%   0
2015
   12.635690   11.600441   -8.19%   0
2014
   12.189031   12.635690   3.66%   0
Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class - Q/NQ
2020
   10.769960   10.782046   0.11%   0
2019
   10.247554   10.769960   5.10%   0
2018
   10.450759   10.247554   -1.94%   0
2017
   10.292872   10.450759   1.53%   0
2016
   9.625280   10.292872   6.94%   0
2015
   9.904984   9.625280   -2.82%   0
2014
   10.034262   9.904984   -1.29%   0
147

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Fidelity Variable Insurance Products - Emerging Markets Portfolio: Service Class 2 - Q/NQ
2020
   10.415966   13.380083   28.46%   0
2019
   8.214245   10.415966   26.80%   0
2018*
   10.000000   8.214245   -17.86%   0
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2 - Q/NQ
2020
   17.461650   19.236507   10.16%   0
2019
   15.369991   17.461650   13.61%   0
2018
   16.358477   15.369991   -6.04%   0
2017
   14.775147   16.358477   10.72%   0
2016
   14.304701   14.775147   3.29%   0
2015
   14.652051   14.304701   -2.37%   0
2014
   14.324972   14.652051   2.28%   0
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class 2 - Q/NQ
2020
   19.076708   21.480240   12.60%   0
2019
   16.213216   19.076708   17.66%   0
2018
   17.589656   16.213216   -7.83%   0
2017
   15.413830   17.589656   14.12%   0
2016
   14.842293   15.413830   3.85%   0
2015
   15.191805   14.842293   -2.30%   0
2014
   14.798126   15.191805   2.66%   0
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class 2 - Q/NQ
2020
   21.043978   24.092366   14.49%   0
2019
   17.275149   21.043978   21.82%   0
2018
   19.144671   17.275149   -9.77%   0
2017
   16.160196   19.144671   18.47%   0
2016
   15.477431   16.160196   4.41%   0
2015
   15.853146   15.477431   -2.37%   0
2014
   15.420521   15.853146   2.81%   0
Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2 - Q/NQ
2020
   13.537549   16.227240   19.87%   0
2019
   11.112802   13.537549   21.82%   0
2018
   11.849713   11.112802   -6.22%   0
2017
   10.396806   11.849713   13.97%   0
2016*
   10.000000   10.396806   3.97%   0
Fidelity Variable Insurance Products Fund - VIP Contrafund® Portfolio: Service Class 2 - Q/NQ
2020
   41.921906   53.586992   27.83%   0
2019
   32.536258   41.921906   28.85%   0
Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2 - Q/NQ
2020
   12.788366   8.424251   -34.13%   0
2019
   11.863848   12.788366   7.79%   0
2018
   16.068729   11.863848   -26.17%   0
2017
   16.838069   16.068729   -4.57%   0
2016
   12.849277   16.838069   31.04%   0
2015
   16.519684   12.849277   -22.22%   0
2014
   19.294532   16.519684   -14.38%   0
148

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2 - Q/NQ
2020
   29.758983   31.089609   4.47%   0
2019
   23.853768   29.758983   24.76%   0
2018
   26.574823   23.853768   -10.24%   0
2017
   24.033906   26.574823   10.57%   0
2016
   20.801784   24.033906   15.54%   0
2015
   22.131963   20.801784   -6.01%   0
2014
   20.786507   22.131963   6.47%   0
Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2 - Q/NQ
2020
   14.568212   15.384539   5.60%   0
2019
   11.445644   14.568212   27.28%   0
2018
   12.843258   11.445644   -10.88%   0
2017
   11.220658   12.843258   14.46%   0
2016*
   10.000000   11.220658   12.21%   0
Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2 - Q/NQ
2020
   41.924548   59.069975   40.90%   0
2019
   31.882183   41.924548   31.50%   0
2018
   32.627632   31.882183   -2.28%   0
2017
   24.656166   32.627632   32.33%   0
2016
   24.982242   24.656166   -1.31%   0
2015
   23.809250   24.982242   4.93%   0
2014
   21.851505   23.809250   8.96%   0
Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2 - Q/NQ
2020
   14.368136   15.394615   7.14%   0
2019
   13.380594   14.368136   7.38%   0
2018
   13.742374   13.380594   -2.63%   0
2017
   13.463234   13.742374   2.07%   0
2016
   13.128412   13.463234   2.55%   0
2015
   13.490516   13.128412   -2.68%   0
2014
   13.013706   13.490516   3.66%   0
Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2 - Q/NQ
2020
   44.971957   52.026695   15.69%   0
2019
   37.199566   44.971957   20.89%   0
2018
   44.475111   37.199566   -16.36%   0
2017
   37.590820   44.475111   18.31%   0
2016
   34.217541   37.590820   9.86%   0
2015
   35.439781   34.217541   -3.45%   0
2014
   34.053791   35.439781   4.07%   0
Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class 2 - Q/NQ
2020
   26.504231   30.002741   13.20%   0
2019
   21.179267   26.504231   25.14%   0
2018
   25.406355   21.179267   -16.64%   0
2017
   19.912388   25.406355   27.59%   0
2016
   21.414890   19.912388   -7.02%   0
2015
   21.122287   21.414890   1.39%   0
149

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Fidelity Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class 2 - Q/NQ
2020
   13.431859   12.288016   -8.52%   0
2019
   11.130620   13.431859   20.67%   0
2018
   12.124280   11.130620   -8.20%   0
2017
   11.903219   12.124280   1.86%   0
Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2 - Q/NQ
2020
   14.303784   15.687842   9.68%   0
2019
   12.158733   14.303784   17.64%   0
2018
   13.712315   12.158733   -11.33%   0
2017
   12.475601   13.712315   9.91%   0
2016
   11.229923   12.475601   11.09%   0
2015
   12.199628   11.229923   -7.95%   0
2014
   12.085384   12.199628   0.95%   0
Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2 - Q/NQ
2020
   17.197363   16.996287   -1.17%   0
2019
   15.097069   17.197363   13.91%   0
2018
   16.075119   15.097069   -6.08%   0
2017
   14.932768   16.075119   7.65%   0
2016
   13.342350   14.932768   11.92%   0
2015
   14.625625   13.342350   -8.77%   0
2014
   14.243831   14.625625   2.68%   0
Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2 - Q/NQ
2020
   41.628804   42.978754   3.24%   0
2019
   33.568690   41.628804   24.01%   0
2018
   39.260695   33.568690   -14.50%   0
2017
   36.148135   39.260695   8.61%   0
2016
   28.287927   36.148135   27.79%   0
2015
   31.120067   28.287927   -9.10%   0
2014
   31.526727   31.120067   -1.29%   0
Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2 - Q/NQ
2020
   9.236796   8.587088   -7.03%   0
2019
   9.225201   9.236796   0.13%   0
2018
   9.221366   9.225201   0.04%   0
2017
   9.217198   9.221366   0.05%   0
2016
   9.122386   9.217198   1.04%   0
2015
   9.712457   9.122386   -6.08%   0
2014
   9.717412   9.712457   -0.05%   0
Goldman Sachs Variable Insurance Trust - Goldman Sachs Global Trends Allocation Fund: Service Shares - Q/NQ
2020
   12.557069   12.831742   2.19%   0
2019
   11.429456   12.557069   9.87%   0
2018
   12.173964   11.429456   -6.12%   0
2017
   10.965055   12.173964   11.03%   0
2016
   10.706747   10.965055   2.41%   0
2015
   11.582354   10.706747   -7.56%   0
2014
   11.352746   11.582354   2.02%   0
150

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares - Q/NQ
2020
   10.008739   10.483667   4.75%   0
2019
   9.370703   10.008739   6.81%   0
2018*
   10.000000   9.370703   -6.29%   0
Guggenheim Variable Fund - Multi-Hedge Strategies - Q/NQ
2020
   9.675156   10.197752   5.40%   0
2019
   9.386933   9.675156   3.07%   0
2018
   10.076177   9.386933   -6.84%   0
2017
   9.901715   10.076177   1.76%   0
2016
   10.136856   9.901715   -2.32%   0
2015
   10.140438   10.136856   -0.04%   0
2014
   9.871599   10.140438   2.72%   0
Invesco - Invesco V.I. Global Fund: Series II - Q/NQ
2020
   41.876703   52.338283   24.98%   0
2019
   32.456880   41.876703   29.02%   0
2018
   38.186898   32.456880   -15.01%   0
2017
   28.538983   38.186898   33.81%   0
2016
   29.121185   28.538983   -2.00%   0
2015
   28.619119   29.121185   1.75%   0
2014
   28.571159   28.619119   0.17%   0
Invesco - Invesco V.I. Main Street Fund: Series II - Q/NQ
2020
   33.265147   37.120649   11.59%   0
2019
   25.726942   33.265147   29.30%   0
2018
   28.524427   25.726942   -9.81%   0
2017
   24.915556   28.524427   14.48%   0
2016
   22.807016   24.915556   9.25%   0
2015
   22.536709   22.807016   1.20%   0
2014
   20.798334   22.536709   8.36%   0
Invesco - Invesco V.I. Main Street Mid Cap Fund: Series II Shares - Q/NQ
2020
   15.992767   17.100179   6.92%   0
2019
   13.031468   15.992767   22.72%   0
2018
   15.020917   13.031468   -13.24%   0
2017
   13.347388   15.020917   12.54%   0
2016
   12.016567   13.347388   11.07%   0
2015
   12.790618   12.016567   -6.05%   0
2014
   12.510093   12.790618   2.24%   0
Invesco - Invesco V.I. Main Street Small Cap Fund: Series II - Q/NQ
2020
   44.194599   51.894603   17.42%   0
2019
   35.698314   44.194599   23.80%   0
2018
   40.660265   35.698314   -12.20%   0
2017
   36.365766   40.660265   11.81%   0
2016
   31.485132   36.365766   15.50%   0
2015
   34.160326   31.485132   -7.83%   0
2014
   31.171298   34.160326   9.59%   0
151

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Invesco Oppenheimer V.I. International Growth Fund: Series II - Q/NQ
2020
   10.702863   12.715330   18.80%   0
2019
   8.522400   10.702863   25.59%   0
2018
   10.794560   8.522400   -21.05%   0
2017
   8.697364   10.794560   24.11%   0
2016
   9.108170   8.697364   -4.51%   0
2015
   9.000321   9.108170   1.20%   0
2014*
   10.000000   9.000321   -10.00%   0
Ivy Variable Insurance Portfolios - Asset Strategy: Class II - Q/NQ
2020
   16.988706   18.988486   11.77%   0
2019
   14.213460   16.988706   19.53%   0
2018
   15.315958   14.213460   -7.20%   0
2017
   13.193008   15.315958   16.09%   0
2016
   13.795294   13.193008   -4.37%   0
2015
   15.335356   13.795294   -10.04%   0
2014
   16.492857   15.335356   -7.02%   0
Ivy Variable Insurance Portfolios - High Income: Class II - Q/NQ
2020
   13.428346   13.974378   4.07%   0
2019
   12.304246   13.428346   9.14%   0
2018
   12.808340   12.304246   -3.94%   0
2017
   12.232137   12.808340   4.71%   0
2016
   10.725849   12.232137   14.04%   0
2015
   11.688376   10.725849   -8.23%   0
2014
   11.686094   11.688376   0.02%   0
Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II - Q/NQ
2020
   21.577858   31.557092   46.25%   0
2019
   15.937623   21.577858   35.39%   0
2018
   16.249240   15.937623   -1.92%   0
2017
   13.045758   16.249240   24.56%   0
2016
   12.525006   13.045758   4.16%   0
2015
   13.543971   12.525006   -7.52%   0
2014
   12.792552   13.543971   5.87%   0
Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares - Q/NQ
2020
   10.311503   11.158287   8.21%   0
2019
   9.613908   10.311503   7.26%   0
2018
   9.923786   9.613908   -3.12%   0
2017
   9.782323   9.923786   1.45%   0
2016
   9.749595   9.782323   0.34%   0
2015*
   10.000000   9.749595   -2.50%   0
Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares - Q/NQ
2020
   53.384574   72.850905   36.46%   0
2019
   39.744103   53.384574   34.32%   0
2018
   39.813229   39.744103   -0.17%   0
2017
   31.201879   39.813229   27.60%   0
2016
   31.182661   31.201879   0.06%   0
2015
   28.382291   31.182661   9.87%   0
2014
   26.659761   28.382291   6.46%   0
152

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares - Q/NQ
2020
   32.523572   48.116425   47.94%   0
2019
   22.881168   32.523572   42.14%   0
2018
   23.104895   22.881168   -0.97%   0
2017
   16.243323   23.104895   42.24%   0
2016
   14.535235   16.243323   11.75%   0
2015
   14.151760   14.535235   2.71%   0
2014
   13.185918   14.151760   7.32%   0
Janus Aspen Series - Janus Henderson Overseas Portfolio: Service Shares - Q/NQ
2020
   30.810648   35.085892   13.88%   0
2019
   24.774791   30.810648   24.36%   0
2018
   29.747361   24.774791   -16.72%   0
2017
   23.169063   29.747361   28.39%   0
2016
   25.301766   23.169063   -8.43%   0
2015
   28.267752   25.301766   -10.49%   0
2014
   32.765980   28.267752   -13.73%   0
JPMorgan Insurance Trust - JPMorgan Insurance Trust Core Bond Portfolio: Class 2 - Q/NQ
2020
   9.942230   10.507912   5.69%   0
2019*
   10.000000   9.942230   -0.58%   0
Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares - Q/NQ
2020
   9.928199   9.620224   -3.10%   0
2019
   8.562009   9.928199   15.96%   0
2018
   10.712253   8.562009   -20.07%   0
2017
   8.537743   10.712253   25.47%   0
2016
   7.201666   8.537743   18.55%   0
2015
   9.178344   7.201666   -21.54%   0
2014
   9.806114   9.178344   -6.40%   0
Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC - Q/NQ
2020
   10.470792   11.040367   5.44%   0
2019
   9.840558   10.470792   6.40%   0
2018
   10.131071   9.840558   -2.87%   0
2017
   9.937525   10.131071   1.95%   0
2016*
   10.000000   9.937525   -0.62%   0
MFS® Variable Insurance Trust - MFS New Discovery Series: Service Class - Q/NQ
2020
   21.813704   31.170321   42.89%   0
2019
   15.731553   21.813704   38.66%   0
2018
   16.309904   15.731553   -3.55%   0
2017
   13.152922   16.309904   24.00%   0
2016
   12.316446   13.152922   6.79%   0
2015
   12.823797   12.316446   -3.96%   0
2014
   14.124104   12.823797   -9.21%   0
153

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
MFS® Variable Insurance Trust - MFS Value Series: Service Class - Q/NQ
2020
   37.255815   37.744084   1.31%   0
2019
   29.309829   37.255815   27.11%   0
2018
   33.316037   29.309829   -12.02%   0
2017
   28.924180   33.316037   15.18%   0
2016
   25.899872   28.924180   11.68%   0
2015
   26.636851   25.899872   -2.77%   0
2014
   24.626427   26.636851   8.16%   0
MFS® Variable Insurance Trust II - MFS International Growth Portfolio: Service Class - Q/NQ
2020
   10.817494   12.263156   13.36%   0
2019*
   10.000000   10.817494   8.17%   0
MFS® Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Service Class - Q/NQ
2020
   21.134595   24.935218   17.98%   0
2019
   17.136775   21.134595   23.33%   0
2018
   19.342636   17.136775   -11.40%   0
2017
   15.538673   19.342636   24.48%   0
2016
   15.245104   15.538673   1.93%   0
2015
   14.609121   15.245104   4.35%   0
2014
   14.717782   14.609121   -0.74%   0
MFS® Variable Insurance Trust II - MFS Research International Portfolio: Service Class - Q/NQ
2020*
   10.000000   13.272998   32.73%   0
MFS® Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Service Class - Q/NQ
2020*
   10.000000   13.584344   35.84%   0
Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II - Q/NQ
2020
   11.590066   11.212283   -3.26%   0
2019
   9.234964   11.590066   25.50%   0
2018
   10.216004   9.234964   -9.60%   0
2017
   9.247919   10.216004   10.47%   0
2016
   8.195129   9.247919   12.85%   0
2015*
   10.000000   8.195129   -18.05%   0
Mutual Fund and Variable Insurance Trust - Rational Insider Buying VA Fund - Q/NQ
2020
   20.861372   23.370121   12.03%   0
2019
   17.140572   20.861372   21.71%   0
2018
   18.816861   17.140572   -8.91%   0
2017
   16.312693   18.816861   15.35%   0
2016
   14.971781   16.312693   8.96%   0
2015
   16.431706   14.971781   -8.88%   0
2014
   17.094293   16.431706   -3.88%   0
154

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class II - Q/NQ
2020
   12.808974   18.953396   47.97%   0
2019
   9.824290   12.808974   30.38%   0
2018
   12.013167   9.824290   -18.22%   0
2017
   9.749303   12.013167   23.22%   0
2016
   10.184302   9.749303   -4.27%   0
2015
   10.444650   10.184302   -2.49%   0
2014
   10.787388   10.444650   -3.18%   0
Nationwide Variable Insurance Trust - NVIT American Funds Asset Allocation Fund: Class II - Q/NQ
2020
   18.636808   20.486625   9.93%   0
2019
   15.720851   18.636808   18.55%   0
2018
   16.858262   15.720851   -6.75%   0
2017
   14.832538   16.858262   13.66%   0
2016
   13.863636   14.832538   6.99%   0
2015
   13.987301   13.863636   -0.88%   0
2014
   13.573557   13.987301   3.05%   0
Nationwide Variable Insurance Trust - NVIT American Funds Bond Fund: Class II - Q/NQ
2020
   11.651925   12.489192   7.19%   0
2019
   10.892983   11.651925   6.97%   0
2018
   11.219869   10.892983   -2.91%   0
2017
   11.075063   11.219869   1.31%   0
2016
   10.991903   11.075063   0.76%   0
2015
   11.225029   10.991903   -2.08%   0
2014
   10.894232   11.225029   3.04%   0
Nationwide Variable Insurance Trust - NVIT American Funds Global Growth Fund: Class II - Q/NQ
2020
   22.997756   29.328356   27.53%   0
2019
   17.384889   22.997756   32.29%   0
2018
   19.557310   17.384889   -11.11%   0
2017
   15.213557   19.557310   28.55%   0
2016
   15.470543   15.213557   -1.66%   0
2015
   14.794166   15.470543   4.57%   0
2014
   14.801329   14.794166   -0.05%   0
Nationwide Variable Insurance Trust - NVIT American Funds Growth Fund: Class II - Q/NQ
2020
   24.740935   36.788743   48.70%   0
2019
   19.347599   24.740935   27.88%   0
2018
   19.844631   19.347599   -2.50%   0
2017
   15.819977   19.844631   25.44%   0
2016
   14.777877   15.819977   7.05%   0
2015
   14.147165   14.777877   4.46%   0
2014
   13.337885   14.147165   6.07%   0
155

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT American Funds Growth-Income Fund: Class II - Q/NQ
2020
   19.801053   21.976423   10.99%   0
2019
   16.053730   19.801053   23.34%   0
2018
   16.723477   16.053730   -4.00%   0
2017
   13.973703   16.723477   19.68%   0
2016
   12.815446   13.973703   9.04%   0
2015
   12.916650   12.815446   -0.78%   0
2014
   11.939049   12.916650   8.19%   0
Nationwide Variable Insurance Trust - NVIT Amundi Multi Sector Bond Fund: Class I - Q/NQ
2020
   15.968183   16.309082   2.13%   0
2019
   14.902751   15.968183   7.15%   0
2018
   15.549865   14.902751   -4.16%   0
2017
   14.898826   15.549865   4.37%   0
2016
   13.970826   14.898826   6.64%   0
2015
   14.657831   13.970826   -4.69%   0
2014
   14.375806   14.657831   1.96%   0
Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class II - Q/NQ
2020
   33.471410   36.154805   8.02%   0
2019
   26.431286   33.471410   26.64%   0
2018
   27.007242   26.431286   -2.13%   0
2017
   22.882210   27.007242   18.03%   0
2016
   20.972211   22.882210   9.11%   0
2015
   21.227030   20.972211   -1.20%   0
2014
   19.341629   21.227030   9.75%   0
Nationwide Variable Insurance Trust - NVIT BlackRock Equity Dividend Fund: Class II - Q/NQ
2020
   33.119879   33.595297   1.44%   0
2019
   26.568896   33.119879   24.66%   0
2018
   29.255036   26.568896   -9.18%   0
2017
   25.325198   29.255036   15.52%   0
2016
   21.944724   25.325198   15.40%   0
2015
   23.916739   21.944724   -8.25%   0
2014
   22.370662   23.916739   6.91%   0
Nationwide Variable Insurance Trust - NVIT BlackRock Managed Global Allocation Fund: Class II - Q/NQ
2020
   11.019816   12.389365   12.43%   0
2019
   9.767717   11.019816   12.82%   0
2018
   10.874037   9.767717   -10.17%   0
2017
   9.354063   10.874037   16.25%   0
2016
   9.254592   9.354063   1.07%   0
2015*
   10.000000   9.254592   -7.45%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class II - Q/NQ
2020
   15.903001   17.569183   10.48%   0
2019
   13.070890   15.903001   21.67%   0
2018
   14.922184   13.070890   -12.41%   0
2017
   12.690112   14.922184   17.59%   0
2016
   11.930791   12.690112   6.36%   0
2015
   12.372699   11.930791   -3.57%   0
2014
   12.063438   12.372699   2.56%   0
156

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II - Q/NQ
2020
   14.271583   15.363515   7.65%   0
2019
   12.515633   14.271583   14.03%   0
2018
   13.600705   12.515633   -7.98%   0
2017
   12.366016   13.600705   9.98%   0
2016
   11.873210   12.366016   4.15%   0
2015
   12.226538   11.873210   -2.89%   0
2014
   11.943715   12.226538   2.37%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class II - Q/NQ
2020
   15.369720   16.815228   9.40%   0
2019
   13.023395   15.369720   18.02%   0
2018
   14.449331   13.023395   -9.87%   0
2017
   12.711701   14.449331   13.67%   0
2016
   12.067114   12.711701   5.34%   0
2015
   12.460139   12.067114   -3.15%   0
2014
   12.125412   12.460139   2.76%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II - Q/NQ
2020
   12.499253   13.199534   5.60%   0
2019
   11.506962   12.499253   8.62%   0
2018
   12.038694   11.506962   -4.42%   0
2017
   11.531730   12.038694   4.40%   0
2016
   11.230442   11.531730   2.68%   0
2015
   11.526726   11.230442   -2.57%   0
2014
   11.364802   11.526726   1.42%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II - Q/NQ
2020
   12.103036   12.478048   3.10%   0
2019
   10.830781   12.103036   11.75%   0
2018
   11.868360   10.830781   -8.74%   0
2017
   10.535710   11.868360   12.65%   0
2016
   10.168701   10.535710   3.61%   0
2015
   10.825224   10.168701   -6.06%   0
2014
   10.785501   10.825224   0.37%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II - Q/NQ
2020
   12.591065   13.267638   5.37%   0
2019
   11.114976   12.591065   13.28%   0
2018
   12.187738   11.114976   -8.80%   0
2017
   10.541352   12.187738   15.62%   0
2016
   10.111330   10.541352   4.25%   0
2015
   10.830091   10.111330   -6.64%   0
2014
   10.923528   10.830091   -0.86%   0
157

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II - Q/NQ
2020
   14.869004   16.153992   8.64%   0
2019
   12.822643   14.869004   15.96%   0
2018
   14.062253   12.822643   -8.82%   0
2017
   12.570532   14.062253   11.87%   0
2016
   11.998225   12.570532   4.77%   0
2015
   12.356083   11.998225   -2.90%   0
2014
   12.038799   12.356083   2.64%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class II - Q/NQ
2020
   15.622329   17.213228   10.18%   0
2019
   13.021865   15.622329   19.97%   0
2018
   14.662144   13.021865   -11.19%   0
2017
   12.651615   14.662144   15.89%   0
2016
   11.979975   12.651615   5.61%   0
2015
   12.392648   11.979975   -3.33%   0
2014
   12.075388   12.392648   2.63%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II - Q/NQ
2020
   13.770803   14.739968   7.04%   0
2019
   12.274845   13.770803   12.19%   0
2018
   13.133085   12.274845   -6.53%   0
2017
   12.176222   13.133085   7.86%   0
2016
   11.703158   12.176222   4.04%   0
2015
   12.052135   11.703158   -2.90%   0
2014
   11.797690   12.052135   2.16%   0
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class I - Q/NQ
2020
   14.835716   15.315503   3.23%   0
2019
   13.437467   14.835716   10.41%   0
2018
   16.240280   13.437467   -17.26%   0
2017
   13.482476   16.240280   20.45%   0
2016
   13.584419   13.482476   -0.75%   0
2015
   14.402673   13.584419   -5.68%   0
2014
   15.975750   14.402673   -9.85%   0
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class Z - Q/NQ
2020*
   10.000000   11.736879   17.37%   0
Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class II - Q/NQ
2020
   12.671497   13.279364   4.80%   0
2019
   11.877293   12.671497   6.69%   0
2018
   12.186237   11.877293   -2.54%   0
2017
   11.917211   12.186237   2.26%   0
2016
   11.562484   11.917211   3.07%   0
2015
   11.885069   11.562484   -2.71%   0
2014
   11.567839   11.885069   2.74%   0
158

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class II - Q/NQ
2020
   13.515378   14.464567   7.02%   0
2019
   12.564684   13.515378   7.57%   0
2018
   12.991665   12.564684   -3.29%   0
2017
   12.755383   12.991665   1.85%   0
2016
   12.575628   12.755383   1.43%   0
2015
   12.879285   12.575628   -2.36%   0
2014
   12.511292   12.879285   2.94%   0
Nationwide Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class II - Q/NQ
2020
   10.521120   10.712923   1.82%   0
2019
   10.057069   10.521120   4.61%   0
2018*
   10.000000   10.057069   0.57%   0
Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class II - Q/NQ
2020
   34.097543   37.816509   10.91%   0
2019
   28.321181   34.097543   20.40%   0
2018
   35.045648   28.321181   -19.19%   0
2017
   25.282169   35.045648   38.62%   0
2016
   23.965108   25.282169   5.50%   0
2015
   29.148854   23.965108   -17.78%   0
2014
   31.503670   29.148854   -7.47%   0
Nationwide Variable Insurance Trust - NVIT Federated High Income Bond Fund: Class I - Q/NQ
2020
   23.280070   24.223856   4.05%   0
2019
   20.671668   23.280070   12.62%   0
2018
   21.714704   20.671668   -4.80%   0
2017
   20.722613   21.714704   4.79%   0
2016
   18.494009   20.722613   12.05%   0
2015
   19.347083   18.494009   -4.41%   0
2014
   19.221536   19.347083   0.65%   0
Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I - Q/NQ
2020
   12.326849   12.834773   4.12%   0
2019
   11.818140   12.326849   4.30%   0
2018
   12.047914   11.818140   -1.91%   0
2017
   12.023751   12.047914   0.20%   0
2016
   12.159574   12.023751   -1.12%   0
2015
   12.402262   12.159574   -1.96%   0
2014
   12.083894   12.402262   2.63%   0
Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I - Q/NQ
2020
   8.795602   8.653895   -1.61%   0
2019
   8.804541   8.795602   -0.10%   0
2018
   8.848353   8.804541   -0.50%   0
2017
   8.976833   8.848353   -1.43%   0
2016
   9.144867   8.976833   -1.84%   0
2015
   9.317231   9.144867   -1.85%   0
2014
   9.492846   9.317231   -1.85%   0
159

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II - Q/NQ
2020
   9.833933   10.393766   5.69%   0
2019
   8.425698   9.833933   16.71%   0
2018
   10.077118   8.425698   -16.39%   0
2017
   8.079073   10.077118   24.73%   0
2016
   8.179105   8.079073   -1.22%   0
2015
   8.610632   8.179105   -5.01%   0
2014
   8.836548   8.610632   -2.56%   0
Nationwide Variable Insurance Trust - NVIT International Index Fund: Class VIII - Q/NQ
2020
   10.966868   11.531135   5.15%   0
2019
   9.218956   10.966868   18.96%   0
2018
   10.939083   9.218956   -15.72%   0
2017
   8.954640   10.939083   22.16%   0
2016
   9.075491   8.954640   -1.33%   0
2015
   9.376825   9.075491   -3.21%   0
2014
   10.183736   9.376825   -7.92%   0
Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II - Q/NQ
2020
   30.696226   33.989776   10.73%   0
2019
   25.276186   30.696226   21.44%   0
2018
   28.257544   25.276186   -10.55%   0
2017
   24.308599   28.257544   16.25%   0
2016
   22.623532   24.308599   7.45%   0
2015
   23.282376   22.623532   -2.83%   0
2014
   22.594794   23.282376   3.04%   0
Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II - Q/NQ
2020
   17.745906   19.055979   7.38%   0
2019
   15.675550   17.745906   13.21%   0
2018
   16.786754   15.675550   -6.62%   0
2017
   15.389296   16.786754   9.08%   0
2016
   14.748986   15.389296   4.34%   0
2015
   15.053137   14.748986   -2.02%   0
2014
   14.664468   15.053137   2.65%   0
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II - Q/NQ
2020
   21.618098   23.683514   9.55%   0
2019
   18.363716   21.618098   17.72%   0
2018
   20.006375   18.363716   -8.21%   0
2017
   17.753329   20.006375   12.69%   0
2016
   16.787761   17.753329   5.75%   0
2015
   17.195659   16.787761   -2.37%   0
2014
   16.651882   17.195659   3.27%   0
160

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II - Q/NQ
2020
   14.618647   15.311725   4.74%   0
2019
   13.597890   14.618647   7.51%   0
2018
   14.110067   13.597890   -3.63%   0
2017
   13.602302   14.110067   3.73%   0
2016
   13.291272   13.602302   2.34%   0
2015
   13.506036   13.291272   -1.59%   0
2014
   13.245320   13.506036   1.97%   0
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II - Q/NQ
2020
   12.099987   12.417729   2.63%   0
2019
   10.909938   12.099987   10.91%   0
2018
   11.779411   10.909938   -7.38%   0
2017
   10.524149   11.779411   11.93%   0
2016
   10.143014   10.524149   3.76%   0
2015
   10.680382   10.143014   -5.03%   0
2014
   10.620864   10.680382   0.56%   0
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II - Q/NQ
2020
   12.669957   13.222494   4.36%   0
2019
   11.200812   12.669957   13.12%   0
2018
   12.148650   11.200812   -7.80%   0
2017
   10.581940   12.148650   14.81%   0
2016
   10.080184   10.581940   4.98%   0
2015
   10.693121   10.080184   -5.73%   0
2014
   10.709013   10.693121   -0.15%   0
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II - Q/NQ
2020
   22.673595   24.556272   8.30%   0
2019
   19.619445   22.673595   15.57%   0
2018
   21.195240   19.619445   -7.43%   0
2017
   19.121734   21.195240   10.84%   0
2016
   18.182380   19.121734   5.17%   0
2015
   18.587309   18.182380   -2.18%   0
2014
   18.004799   18.587309   3.24%   0
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II - Q/NQ
2020
   27.427553   30.239078   10.25%   0
2019
   22.937623   27.427553   19.57%   0
2018
   25.329606   22.937623   -9.44%   0
2017
   22.116808   25.329606   14.53%   0
2016
   20.770829   22.116808   6.48%   0
2015
   21.317933   20.770829   -2.57%   0
2014
   20.693940   21.317933   3.02%   0
161

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II - Q/NQ
2020
   18.510263   19.721663   6.54%   0
2019
   16.618448   18.510263   11.38%   0
2018
   17.589881   16.618448   -5.52%   0
2017
   16.408994   17.589881   7.20%   0
2016
   15.815463   16.408994   3.75%   0
2015
   16.118498   15.815463   -1.88%   0
2014
   15.679197   16.118498   2.80%   0
Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II - Q/NQ
2020
   10.434552   10.971195   5.14%   0
2019*
   10.000000   10.434552   4.35%   0
Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II - Q/NQ
2020
   10.734269   12.196166   13.62%   0
2019*
   10.000000   10.734269   7.34%   0
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund: Class II - Q/NQ
2020
   10.077281   10.040163   -0.37%   0
2019*
   10.000000   10.077281   0.77%   0
Nationwide Variable Insurance Trust - NVIT J.P. Morgan U.S. Equity Fund: Class II - Q/NQ
2020
   10.951817   13.543519   23.66%   0
2019*
   10.000000   10.951817   9.52%   0
Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class II - Q/NQ
2020
   21.836773   27.844823   27.51%   0
2019
   17.085345   21.836773   27.81%   0
2018
   18.012768   17.085345   -5.15%   0
2017
   14.129450   18.012768   27.48%   0
2016
   14.114139   14.129450   0.11%   0
2015
   13.943797   14.114139   1.22%   0
2014
   12.897708   13.943797   8.11%   0
Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II - Q/NQ
2020
   12.760925   13.413101   5.11%   0
2019
   10.928322   12.760925   16.77%   0
2018
   11.699444   10.928322   -6.59%   0
2017
   10.139509   11.699444   15.38%   0
2016
   9.516651   10.139509   6.54%   0
2015
   9.918927   9.516651   -4.06%   0
2014*
   10.000000   9.918927   -0.81%   0
Nationwide Variable Insurance Trust - NVIT Managed American Funds Growth-Income Fund: Class II - Q/NQ
2020
   14.683722   15.418224   5.00%   0
2019
   12.264409   14.683722   19.73%   0
2018
   12.827182   12.264409   -4.39%   0
2017
   10.738359   12.827182   19.45%   0
2016
   9.941546   10.738359   8.01%   0
2015
   10.114628   9.941546   -1.71%   0
2014*
   10.000000   10.114628   1.15%   0
162

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class II - Q/NQ
2020
   36.857364   42.878291   16.34%   0
2019
   27.343759   36.857364   34.79%   0
2018
   28.298125   27.343759   -3.37%   0
2017
   22.688415   28.298125   24.72%   0
2016
   22.371167   22.688415   1.42%   0
2015
   21.744225   22.371167   2.88%   0
2014
   20.406789   21.744225   6.55%   0
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class II - Q/NQ
2020
   28.434286   28.297067   -0.48%   0
2019
   22.868305   28.434286   24.34%   0
2018
   25.739490   22.868305   -11.15%   0
2017
   24.182718   25.739490   6.44%   0
2016
   20.494743   24.182718   17.99%   0
2015
   21.851711   20.494743   -6.21%   0
2014
   19.711374   21.851711   10.86%   0
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class Z - Q/NQ
2020*
   10.000000   11.783811   17.84%   0
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I - Q/NQ
2020
   44.876693   49.823186   11.02%   0
2019
   36.388357   44.876693   23.33%   0
2018
   41.841649   36.388357   -13.03%   0
2017
   36.818318   41.841649   13.64%   0
2016
   31.183360   36.818318   18.07%   0
2015
   32.597239   31.183360   -4.34%   0
2014
   30.352358   32.597239   7.40%   0
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II - Q/NQ
2020
   21.401615   20.765192   -2.97%   0
2019
   17.606500   21.401615   21.56%   0
2018
   20.657971   17.606500   -14.77%   0
2017
   18.487687   20.657971   11.74%   0
2016
   16.017130   18.487687   15.42%   0
2015
   16.803960   16.017130   -4.68%   0
2014
   14.630542   16.803960   14.86%   0
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class II - Q/NQ
2020
   33.130215   45.692093   37.92%   0
2019
   24.933763   33.130215   32.87%   0
2018
   27.680906   24.933763   -9.92%   0
2017
   22.624813   27.680906   22.35%   0
2016
   21.331179   22.624813   6.06%   0
2015
   21.618773   21.331179   -1.33%   0
2014
   21.481055   21.618773   0.64%   0
163

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class II - Q/NQ
2020
   37.296784   38.419263   3.01%   0
2019
   32.015674   37.296784   16.50%   0
2018
   39.363062   32.015674   -18.67%   0
2017
   36.875115   39.363062   6.75%   0
2016
   29.907563   36.875115   23.30%   0
2015
   32.516441   29.907563   -8.02%   0
2014
   31.030082   32.516441   4.79%   0
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class II - Q/NQ
2020
   38.817277   46.616758   20.09%   0
2019
   31.549823   38.817277   23.03%   0
2018
   36.881337   31.549823   -14.46%   0
2017
   33.193224   36.881337   11.11%   0
2016
   27.595923   33.193224   20.28%   0
2015
   28.659256   27.595923   -3.71%   0
2014
   29.038058   28.659256   -1.30%   0
Nationwide Variable Insurance Trust - NVIT Neuberger Berman Multi Cap Opportunities Fund: Class II - Q/NQ
2020
   19.669319   21.892523   11.30%   0
2019
   15.645707   19.669319   25.72%   0
2018
   16.782731   15.645707   -6.77%   0
2017
   13.704770   16.782731   22.46%   0
2016
   12.296924   13.704770   11.45%   0
2015
   12.679965   12.296924   -3.02%   0
2014
   12.123743   12.679965   4.59%   0
Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class II - Q/NQ
2020
   20.466209   22.766783   11.24%   0
2019
   16.543054   20.466209   23.71%   0
2018
   17.908821   16.543054   -7.63%   0
2017
   15.414680   17.908821   16.18%   0
2016
   14.262614   15.414680   8.08%   0
2015
   14.592506   14.262614   -2.26%   0
2014
   13.453603   14.592506   8.47%   0
Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class II - Q/NQ
2020
   16.705551   15.462206   -7.44%   0
2019
   13.047919   16.705551   28.03%   0
2018
   13.857502   13.047919   -5.84%   0
2017
   13.300828   13.857502   4.19%   0
2016
   12.643357   13.300828   5.20%   0
2015
   13.654599   12.643357   -7.41%   0
2014
   10.817384   13.654599   26.23%   0
164

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT S&P 500® Index Fund: Class II - Q/NQ
2020
   19.990314   23.123021   15.67%   0
2019
   15.566424   19.990314   28.42%   0
2018
   16.674114   15.566424   -6.64%   0
2017
   14.013207   16.674114   18.99%   0
2016
   12.816048   14.013207   9.34%   0
2015
   12.935645   12.816048   -0.92%   0
2014
   11.655259   12.935645   10.99%   0
Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II - Q/NQ
2020
   10.076905   10.170576   0.93%   0
2019
   9.863682   10.076905   2.16%   0
2018
   9.968850   9.863682   -1.05%   0
2017
   9.998329   9.968850   -0.29%   0
2016
   9.938624   9.998329   0.60%   0
2015
   10.160615   9.938624   -2.18%   0
2014
   10.301244   10.160615   -1.37%   0
Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II - Q/NQ
2020
   17.022950   19.935810   17.11%   0
2019
   13.879453   17.022950   22.65%   0
2018
   15.952153   13.879453   -12.99%   0
2017
   14.233493   15.952153   12.07%   0
2016
   11.997101   14.233493   18.64%   0
2015
   12.850623   11.997101   -6.64%   0
2014
   12.522875   12.850623   2.62%   0
Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class II - Q/NQ
2020
   21.814358   34.364370   57.53%   0
2019
   16.242192   21.814358   34.31%   0
2018
   17.805065   16.242192   -8.78%   0
2017
   14.224628   17.805065   25.17%   0
2016
   13.664533   14.224628   4.10%   0
2015
   13.970409   13.664533   -2.19%   0
2014
   13.723288   13.970409   1.80%   0
Northern Lights Variable Trust - TOPS® Managed Risk Balanced ETF Portfolio: Class 4 - Q/NQ
2020
   11.656812   12.066087   3.51%   0
2019
   10.402067   11.656812   12.06%   0
2018
   11.324911   10.402067   -8.15%   0
2017
   10.465961   11.324911   8.21%   0
2016
   10.076682   10.465961   3.86%   0
2015
   10.780826   10.076682   -6.53%   0
2014
   10.696276   10.780826   0.79%   0
165

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Northern Lights Variable Trust - TOPS® Managed Risk Growth ETF Portfolio: Class 4 - Q/NQ
2020
   12.451728   12.814140   2.91%   0
2019
   10.876504   12.451728   14.48%   0
2018
   12.190440   10.876504   -10.78%   0
2017
   10.584650   12.190440   15.17%   0
2016
   10.255286   10.584650   3.21%   0
2015
   11.529993   10.255286   -11.06%   0
2014
   11.644390   11.529993   -0.98%   0
Northern Lights Variable Trust - TOPS® Managed Risk Moderate Growth ETF Portfolio: Class 4 - Q/NQ
2020
   12.435026   12.879955   3.58%   0
2019
   10.932964   12.435026   13.74%   0
2018
   12.058472   10.932964   -9.33%   0
2017
   10.812796   12.058472   11.52%   0
2016
   10.407711   10.812796   3.89%   0
2015
   11.362025   10.407711   -8.40%   0
2014
   11.294009   11.362025   0.60%   0
PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor Class - Q/NQ
2020
   11.472407   12.150634   5.91%   0
2019
   10.460222   11.472407   9.68%   0
2018
   11.272503   10.460222   -7.21%   0
2017
   10.129203   11.272503   11.29%   0
2016
   9.140040   10.129203   10.82%   0
2015
   10.254551   9.140040   -10.87%   0
2014
   10.400537   10.254551   -1.40%   0
PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Advisor Class - Q/NQ
2020
   10.948919   11.453446   4.61%   0
2019
   9.729652   10.948919   12.53%   0
2018
   10.416709   9.729652   -6.60%   0
2017
   9.667050   10.416709   7.75%   0
2016
   8.699315   9.667050   11.12%   0
2015
   9.078001   8.699315   -4.17%   0
2014
   9.120998   9.078001   -0.47%   0
PIMCO Variable Insurance Trust - International Bond Portfolio (Unhedged): Advisor Class - Q/NQ
2020
   11.399014   12.381040   8.62%   0
2019
   10.862455   11.399014   4.94%   0
2018
   11.538343   10.862455   -5.86%   0
2017
   10.615663   11.538343   8.69%   0
2016
   10.510045   10.615663   1.00%   0
2015
   11.535888   10.510045   -8.89%   0
2014
   11.718051   11.535888   -1.55%   0
166

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class - Q/NQ
2020
   10.944996   11.052928   0.99%   0
2019
   10.730257   10.944996   2.00%   0
2018
   10.907757   10.730257   -1.63%   0
2017
   10.975355   10.907757   -0.62%   0
2016
   11.037614   10.975355   -0.56%   0
2015
   11.222225   11.037614   -1.65%   0
2014
   11.348829   11.222225   -1.12%   0
PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class - Q/NQ
2020
   10.152853   10.178314   0.25%   0
2019
   10.072636   10.152853   0.80%   0
2018
   10.119131   10.072636   -0.46%   0
2017
   10.077042   10.119131   0.42%   0
2016*
   10.000000   10.077042   0.77%   0
PIMCO Variable Insurance Trust - Total Return Portfolio: Advisor Class - Q/NQ
2020
   11.128104   11.854017   6.52%   0
2019
   10.474035   11.128104   6.24%   0
2018
   10.740747   10.474035   -2.48%   0
2017
   10.439746   10.740747   2.88%   0
2016
   10.368114   10.439746   0.69%   0
2015
   10.528196   10.368114   -1.52%   0
2014
   10.297503   10.528196   2.24%   0
Putnam Variable Trust - Putnam VT International Equity Fund: Class IB - Q/NQ
2020
   19.677309   21.649258   10.02%   0
2019
   16.018922   19.677309   22.84%   0
2018
   20.179847   16.018922   -20.62%   0
2017
   16.241863   20.179847   24.25%   0
2016
   16.963350   16.241863   -4.25%   0
Putnam Variable Trust - Putnam VT International Value Fund: Class IB - Q/NQ
2020*
   10.000000   13.453798   34.54%   0
Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IB - Q/NQ
2020
   12.900198   13.396191   3.84%   0
T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II - Q/NQ
2020
   42.065379   53.371694   26.88%   0
2019
   33.319003   42.065379   26.25%   0
2018
   33.662119   33.319003   -1.02%   0
2017
   26.938602   33.662119   24.96%   0
2016
   30.738929   26.938602   -12.36%   0
2015
   27.845830   30.738929   10.39%   0
2014
   21.619829   27.845830   28.80%   0
167

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
VanEck VIP Trust - Global Resources Fund: Class S - Q/NQ
2020
   5.584762   6.513462   16.63%   0
2019
   5.101053   5.584762   9.48%   0
2018
   7.261819   5.101053   -29.76%   0
2017
   7.547087   7.261819   -3.78%   0
2016
   5.361384   7.547087   40.77%   0
2015
   8.230100   5.361384   -34.86%   0
2014
   10.396890   8.230100   -20.84%   0
Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class A - Q/NQ
2020
   10.754260   10.391695   -3.37%   0
2019*
   10.000000   10.754260   7.54%   0
Wells Fargo Variable Trust - VT Small Cap Growth Fund: Class 2 - Q/NQ
2020
   34.229089   53.009989   54.87%   0
2019
   27.937597   34.229089   22.52%   0
2018
   28.099448   27.937597   -0.58%   0
2017
   22.745793   28.099448   23.54%   0
2016
   21.507226   22.745793   5.76%   0
2015
   22.563055   21.507226   -4.68%   0
2014
   23.428352   22.563055   -3.69%   0
168

 

Appendix C: Contract Types and Tax Information
Types of Contracts
The contracts described in this prospectus are classified according to the tax treatment to which they are subject under the Internal Revenue Code (the "Code"). Following is a general description of the various contract types. Eligibility requirements, tax benefits (if any), limitations, and other features of the contracts will differ depending on contract type.
Non-Qualified Contracts
A non-qualified contract is a contract that does not qualify for certain tax benefits under the Code, such as deductibility of purchase payments, and which is not an IRA, Roth IRA, SEP IRA, Simple IRA, or tax sheltered annuity.
Upon the death of the owner of a non-qualified contract, mandatory distribution requirements are imposed to ensure distribution of the entire balance in the contract within a required period.
Non-qualified contracts that are owned by natural persons allow the deferral of taxation on the income earned in the contract until it is distributed or deemed to be distributed. Non-qualified contracts that are owned by non-natural persons, such as trusts, corporations, and partnerships are generally subject to current income tax on the income earned inside the contract, unless the non-natural person owns the contract as an agent of a natural person.
Charitable Remainder Trusts
Charitable Remainder Trusts are trusts that meet the requirements of Section 664 of the Code. Non-Qualified Contracts that are issued to Charitable Remainder Trusts will differ from other Non-Qualified Contracts in three respects:
(1) Waiver of sales charges. In addition to any sales load waivers included in the contract, Charitable Remainder Trusts may also withdraw the difference between:
(a) the contract value on the day before the withdrawal; and
(b) the total amount of purchase payments made to the contract (less an adjustment for amounts surrendered).
(2) Contract ownership at annuitization. On the annuitization date, if the contract owner is a Charitable Remainder Trust, the Charitable Remainder Trust will continue to be the contract owner and the annuitant will NOT become the contract owner.
(3) Recipient of death benefit proceeds. With respect to the death benefit proceeds, if the contract owner is a Charitable Remainder Trust, the death benefit is payable to the Charitable Remainder Trust. Any designation in conflict with the Charitable Remainder Trust’s right to the death benefit will be void.
While these provisions are intended to facilitate a Charitable Remainder Trust's ownership of this contract, the rules governing Charitable Remainder Trusts are numerous and complex. A Charitable Remainder Trust that is considering purchasing this contract should seek the advice of a qualified tax and/or financial professional prior to purchasing the contract. An annuity that has a Charitable Remainder Trust endorsement is not a Charitable Remainder Trust; the endorsement is merely to facilitate ownership of the contract by a Charitable Remainder Trust.
Individual Retirement Annuities (IRAs)
IRAs are contracts that satisfy the provisions of Section 408(b) of the Code, including the following requirements:
• the contract is not transferable by the owner;
• the premiums are not fixed;
• if the contract owner is younger than age 50, the annual premium cannot exceed $6,000; if the contract owner is age 50 or older, the annual premium cannot exceed $7,000 (although rollovers of greater amounts from Qualified Plans, Tax Sheltered Annuities, certain 457 governmental plans, and other IRAs can be received);
• certain minimum distribution requirements must be satisfied after the owner attains the age of 70½ prior to January 1, 2020. See Tax Changes for the change the SECURE Act made to this requirement;
• the entire interest of the owner in the contract is nonforfeitable; and
• after the death of the owner, additional distribution requirements may be imposed to ensure distribution of the entire balance in the contract within the statutory period of time.
169

 

Depending on the circumstance of the owner, all or a portion of the contributions made to the account may be deducted for federal income tax purposes.
IRAs may receive rollover contributions from other individual retirement accounts, other individual retirement annuities, tax sheltered annuities, certain 457 governmental plans, and qualified retirement plans (including 401(k) plans).
When the owner of an IRA attains the age of 70½ prior to January 1, 2020, the Code requires that certain minimum distributions be made. The SECURE Act, which was enacted on December 20, 2019, increased the age an IRA owner is required to begin certain minimum distributions from age 70½ to age 72 for those who turn age 70½ on or after January 1, 2020. In addition, upon the death of the owner of an IRA, mandatory distribution requirements are imposed by the Code to ensure distribution of the entire contract value within the required statutory period. Due to the Treasury Regulation’s valuation rules, the amount used to compute the mandatory distributions may exceed the contract value.
Failure to make the mandatory distributions can result in an additional penalty tax of 50% of the excess of the amount required to be distributed over the amount that was actually distributed.
For further details regarding IRAs, refer to the disclosure statement provided when the IRA was established and the annuity contract’s IRA endorsement.
As used herein, the term "individual retirement plans" shall refer to both individual retirement annuities and individual retirement accounts that are described in Section 408 of the Code.
One-Rollover-Per-Year Limitation
A contract owner can receive a distribution from an IRA and roll it into another IRA within 60 days from the date of the distribution and not have the amount of the distribution included in taxable income. Only one rollover per year from a contract owner’s IRA is allowed. The one-year period begins on the date the contract owner receives the IRA distribution, and not on the date the IRA was rolled over.
The one-rollover-per-year limitation applies in the aggregate to all the IRAs that a taxpayer owns. This means that a contract owner cannot make an IRA rollover distribution if, within the previous one-year period, an IRA rollover distribution was taken from any other IRAs owned by the taxpayer. Also, rollovers between an individual’s Roth IRAs would prevent a separate rollover between the individual’s traditional IRAs within the one-year period, and vice versa.
Direct transfers IRA funds between IRA trustees are not subject to the one rollover per year limitation because such transfers are not considered rollover distributions. Also, a rollover from a traditional IRA to a Roth IRA (a conversion) is not subject to the one roll over per year limitation, and such a rollover is disregarded in applying the one rollover per year limitation to other rollovers.
Roth IRAs
Roth IRA contracts are contracts that satisfy the provisions of Section 408A of the Code, including the following requirements:
• the contract is not transferable by the owner;
• the premiums are not fixed;
• if the contract owner is younger than age 50, the annual premium cannot exceed $6,000; if the contract owner is age 50 or older, the annual premium cannot exceed $7,000 (although rollovers of greater amounts from other Roth IRAs and other individual retirement plans can be received);
• the entire interest of the owner in the contract is nonforfeitable; and
• after the death of the owner, certain distribution requirements may be imposed to ensure distribution of the entire balance in the contract within the statutory period of time.
A Roth IRA can receive a rollover from an individual retirement plan or another eligible retirement plan; however, the amount rolled over from the individual retirement plan or other eligible retirement plan to the Roth IRA is required to be included in the owner's federal gross income at the time of the rollover, and will be subject to federal income tax. However, a rollover or conversion of an amount from an IRA or eligible retirement plan after December 31, 2017 cannot be recharacterized back to an IRA.
For further details regarding Roth IRAs, please refer to the disclosure statement provided when the Roth IRA was established and the annuity contract’s IRA endorsement.
170

 

Simplified Employee Pension IRAs (SEP IRA)
A SEP IRA is a written plan established by an employer for the benefit of employees which permits the employer to make contributions to an IRA established for the benefit of each employee.
An employee may make deductible contributions to a SEP IRA subject to the same restrictions and limitations as an IRA. In addition, the employer may make contributions to the SEP IRA, subject to dollar and percentage limitations imposed by both the Code and the written plan.
A SEP IRA plan must satisfy:
• minimum participation rules;
• top-heavy contribution rules;
• nondiscriminatory allocation rules; and
• requirements regarding a written allocation formula.
In addition, the plan cannot restrict withdrawals of non-elective contributions, and must restrict withdrawals of elective contributions before March 15th of the following year.
When the owner of a SEP IRA attains the age of 70½ prior to January 1, 2020, the Code requires that certain minimum distributions be made. The SECURE Act, which was enacted on December 20, 2019, increased the age a SEP IRA owner is required to begin certain minimum distributions from age 70½ to age 72 for those who turn age 70½ on or after January 1, 2020. Because of Treasury Regulation valuation rules, the amount used to compute the minimum distributions may exceed the contract value. In addition, upon the death of the owner of a SEP IRA, mandatory distribution requirements are imposed by the Code to ensure distribution of the entire contract value within the required statutory period.
Simple IRAs
A Simple IRA is an Individual Retirement Annuity that is funded exclusively by a qualified salary reduction arrangement and satisfies:
• vesting requirements;
• participation requirements; and
• administrative requirements.
The funds contributed to a Simple IRA cannot be commingled with funds in other individual retirement plans or SEP IRAs.
A Simple IRA cannot receive rollover distributions except from another Simple IRA.
When the owner of a Simple IRA attains the age of 70½ prior to January 1, 2020, the Code requires that certain minimum distributions be made. The SECURE Act, which was enacted on December 20, 2019, increased the age a Simple IRA owner is required to begin certain minimum distributions from age 70½ to age 72 for those who turn age 70½ on or after January 1, 2020. Because of Treasury Regulation valuation rules, the amount used to compute the minimum distributions may exceed the contract value. In addition, upon the death of the owner of a Simple IRA, mandatory distribution requirements are imposed by the Code to ensure distribution of the entire contract value within the required statutory period.
Tax Sheltered Annuities
Certain tax-exempt organizations (described in Section 501(c)(3) of the Code) and public school systems may establish a plan under which annuity contracts can be purchased for their employees. These annuity contracts are often referred to as Tax Sheltered Annuities.
Purchase payments made to Tax Sheltered Annuities are excludable from the income of the employee, up to statutory maximum amounts. These amounts should be set forth in the plan adopted by the employer.
Tax Sheltered Annuities may receive rollover contributions from Individual Retirement Accounts, Individual Retirement Annuities, other Tax Sheltered Annuities, certain 457 governmental plans, and qualified retirement plans (including 401(k) plans).
The owner's interest in the contract is nonforfeitable (except for failure to pay premiums) and cannot be transferred.
171

 

When the owner of a Tax Sheltered Annuity attains the age of 70½ (age 72 for those contract owners who turn age 72 on or after January 1, 2020), the Code requires that certain minimum distributions be made. Due to recent changes in Treasury Regulations, the amount used to compute the minimum distributions may exceed the contract value. In addition, upon the death of the owner of a Tax Sheltered Annuity, mandatory distribution requirements are imposed by the Code to ensure distribution of the entire contract value within the required statutory period.
Final 403(b) Regulations issued by the Internal Revenue Service impose certain restrictions on non-taxable transfers or exchanges of one 403(b) Tax Sheltered Annuity contract for another. Nationwide will no longer issue or accept applications for new and/or in-service transfers to new or existing Nationwide individual 403(b) Tax Sheltered Annuity contracts used for salary reduction plans not subject to ERISA. Nationwide will continue to accept applications and in-service transfers for individual 403(b) Tax Sheltered Annuity contracts used for 403(b) plans that are subject to ERISA and certain state Optional Retirement Plans and/or Programs that have purchased at least one individual annuity contract issued by Nationwide prior to September 25, 2007.
Commencing in 2009, Tax Sheltered Annuities must be issued pursuant to a written plan, and the plan must satisfy various administrative requirements. Check with your employer to ensure that these requirements will be satisfied in a timely manner.
Investment Only (Qualified Plans)
Contracts that are owned by Qualified Plans are not intended to confer tax benefits on the beneficiaries of the plan; they are used as investment vehicles for the plan. The income tax consequences to the beneficiary of a Qualified Plan are controlled by the operation of the plan, not by operation of the assets in which the plan invests.
Beneficiaries of Qualified Plans should contact their employer and/or trustee of the plan to obtain and review the plan, trust, summary plan description and other documents for the tax and other consequences of being a participant in a Qualified Plan.
Federal Tax Considerations
Federal Income Taxes
The tax consequences of purchasing a contract described in this prospectus will depend on:
• the type of contract purchased;
• the purposes for which the contract is purchased; and
• the personal circumstances of individual investors having interests in the contracts.
Existing tax rules are subject to change and may affect individuals differently depending on their situation. Nationwide does not guarantee the tax status of any contracts or any transactions involving the contracts.
The following is a brief summary of some of the federal income tax considerations related to the types of contracts sold in connection with this prospectus. In addition to the federal income tax, distributions from annuity contracts may be subject to state and local income taxes. Nothing in this prospectus should be considered to be tax advice. Purchasers and prospective purchasers of the contract should consult a financial professional, tax advisor, or legal counsel to discuss the taxation and use of the contracts.
IRAs, SEP IRAs, and Simple IRAs
Distributions from IRAs, SEP IRAs, and Simple IRAs are generally taxed as ordinary income when received. If any of the amounts contributed to the Individual Retirement Annuity was non-deductible for federal income tax purposes, then a portion of each distribution is excludable from income.
If distributions of income from an IRA are made prior to the date that the owner attains the age of 59½ years, the income is subject to an additional penalty tax of 10% unless an exception applies. (For Simple IRAs, the 10% penalty is increased to 25% if the distribution is made during the 2-year period beginning on the date that the individual first participated in the Simple IRA.) The 10% penalty tax can be avoided if the distribution is:
• made to a beneficiary on or after the death of the owner;
• attributable to the owner becoming disabled (as defined in the Code);
172

 

• part of a series of substantially equal periodic payments made not less frequently than annually for the life (or life expectancy) of the owner, or the joint lives (or joint life expectancies) of the owner and his or her designated beneficiary;
• used for qualified higher education expenses; or
• used for expenses attributable to the purchase of a home for a qualified first-time buyer.
If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner’s gross estate for tax purposes.
Roth IRAs
Distributions of earnings from Roth IRAs are taxable or nontaxable depending upon whether they are "qualified distributions" or "non-qualified distributions." A "qualified distribution" is one that is made after the Roth IRA has satisfied the five-year rule and meets one of the following requirements:
• it is made on or after the date on which the contract owner attains age 59½;
• it is made to a beneficiary (or the contract owner’s estate) on or after the death of the contract owner;
• it is attributable to the contract owner’s disability; or
• it is used for expenses attributable to the purchase of a home for a qualified first-time buyer.
The five-year rule is satisfied if a five taxable-year period has passed beginning with the first tax year in which a contribution is made to any Roth IRA established by the owner.
A qualified distribution is not included in gross income for federal income tax purposes.
A non-qualified distribution is not includable in gross income to the extent that the distribution, when added to all previous distributions, does not exceed the total amount of contributions made to the Roth IRA. Any non-qualified distribution in excess of total contributions is includable in the contract owner’s gross income as ordinary income in the year that it is distributed to the contract owner.
Special rules apply for Roth IRAs that have proceeds received from an individual retirement plan prior to January 1, 1999 if the owner elected the special four-year income averaging provisions that were in effect for 1998.
If non-qualified distributions of income from a Roth IRA are made prior to the date that the owner attains the age of 59½ years, the income is subject to an additional penalty tax of 10% unless an exception applies. The penalty tax can be avoided if the distribution is:
• made to a beneficiary on or after the death of the owner;
• attributable to the owner becoming disabled (as defined in the Code);
• part of a series of substantially equal periodic payments made not less frequently than annually for the life (or life expectancy) of the owner, or the joint lives (or joint life expectancies) of the owner and his or her designated beneficiary;
• for qualified higher education expenses; or
• used for expenses attributable to the purchase of a home for a qualified first-time buyer.
If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner’s gross estate for tax purposes.
Tax Sheltered Annuities
Distributions from Tax Sheltered Annuities are generally taxed when received. If nondeductible contributions are made, then a portion of each distribution after the annuitization date is excludable from income based on a formula established pursuant to the Code. The formula excludes from income the amount invested in the contract divided by the number of anticipated payments until the full investment in the contract is recovered. Thereafter all distributions are fully taxable.
If a distribution of income is made from a Tax Sheltered Annuity prior to the date that the owner attains the age of 59½ years, the income is subject to both the regular income tax and an additional penalty tax of 10%. The penalty tax can be avoided if the distribution is:
• made to a beneficiary on or after the death of the owner;
• attributable to the owner becoming disabled (as defined in the Code);
173

 

• part of a series of substantially equal periodic payments made not less frequently than annually made for the life (or life expectancy) of the owner, or the joint lives (or joint life expectancies) of the owner and his or her designated beneficiary; or
• made to the owner after separation from service with his or her employer after age 55.
When the owner of a Tax Shelter Annuity attains the age of 70½ prior to January 1, 2020, the Code requires that certain minimum distributions be made. The SECURE Act enacted on December 20, 2019 increased the age an owner of a Tax Sheltered Annuity is required to begin certain minimum distributions from age 70 ½ to age 72. However, the change only applies to an owner of a Tax Sheltered annuity who attains age 72 on or after January 1, 2020. Due to recent changes in Treasury Regulations, the amount used to compute the minimum distributions may exceed the contract value. In addition, upon the death of the owner of a Tax Sheltered Annuity, mandatory distribution requirements are imposed by the Code to ensure distribution of the entire contract value within the required statutory period.
A loan from a Tax Sheltered Annuity generally is not considered to be a distribution, and is therefore generally not taxable. However, if the loan is not repaid in accordance with the repayment schedule, the entire balance of the loan would be treated as being in default, and the defaulted amount would be treated as being distributed to the participant as a taxable distribution.
If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner’s gross estate for tax purposes.
Non-Qualified Contracts - Natural Persons as Contract Owners
Generally, the income earned inside a non-qualified annuity contract that is owned by a natural person is not taxable until it is distributed from the contract.
Distributions before the annuitization date are taxable to the contract owner to the extent that the cash value of the contract exceeds the investment in the contract at the time of the distribution. In general, the investment in the contract is equal to the purchase payments made with after-tax dollars reduced by any prior nontaxable distribution. Distributions, for this purpose, include full and partial surrenders, any portion of the contract that is assigned or pledged as collateral for a loan, amounts borrowed from the contract, or any portion of the contract that is transferred by gift. For these purposes, a transfer by gift may occur upon annuitization if the contract owner and the annuitant are not the same individual.
With respect to annuity distributions on or after the annuitization date, a portion of each annuity payment is excludable from taxable income. The amount excludable from each annuity payment is determined by multiplying the annuity payment by a fraction which is equal to the contract owner’s investment in the contract, divided by the expected return on the contract. Once the entire investment in the contract is recovered, all distributions are fully includable in income. The maximum amount excludable from income is the investment in the contract. If the annuitant dies before the entire investment in the contract has been excluded from income, and as a result of the annuitant's death no more payments are due under the contract, then the unrecovered investment in the contract may be deducted on his or her final tax return.
Commencing after December 31, 2010, the Code provides that if only a portion of a non-qualified annuity contract is annuitized for either (a) a period of 10 years or greater, or (b) for the life or lives of one or more persons, then the portion of the contract that has been annuitized would be treated as if it were a separate annuity contract. This means that an annuitization date can be established for a portion of the annuity contract (rather than requiring the entire contract to be annuitized at once) and the above description of the taxation of annuity distributions after the annuitization date would apply to the portion of the contract that has been annuitized. The investment in the contract is required to be allocated pro rata between the portion of the contract that is annuitized and the portion that is not. All other benefits under the contract (e.g., death benefit) would also be reduced pro rata. For example, if 1/3 of the cash value of the contract were to be annuitized, the death benefit would also be reduced by 1/3.
In determining the taxable amount of a distribution that is made prior to the annuitization date, all annuity contracts issued after October 21, 1988 by the same company to the same contract owner during the same calendar year will be treated as one annuity contract.
A special rule applies to distributions from contracts that have investments in the contract that were made prior to August 14, 1982. For those contracts, distributions that are made prior to the annuitization date are treated first as the nontaxable recovery of the investment in the contract as of that date. A distribution in excess of the amount of the investment in the contract as of August 14, 1982, will be treated as taxable income.
174

 

The Code imposes a penalty tax if a distribution is made before the contract owner reaches age 59½. The amount of the penalty is 10% of the portion of any distribution that is includable in gross income. The penalty tax does not apply if the distribution is:
• the result of a contract owner’s death;
• the result of a contract owner’s disability (as defined in the Code);
• one of a series of substantially equal periodic payments made over the life (or life expectancy) of the contract owner or the joint lives (or joint life expectancies) of the contract owner and the beneficiary selected by the contract owner to receive payment under the annuity payment option selected by the contract owner; or
• is allocable to an investment in the contract before August 14, 1982.
If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner’s gross estate for tax purposes.
Non-Qualified Contracts - Non-Natural Persons as Contract Owners
The previous discussion related to the taxation of non-qualified contracts owned by individuals. Different rules (the so-called "non-natural persons" rules) apply if the contract owner is not a natural person.
Generally, contracts owned by corporations, partnerships, trusts, and similar entities are not treated as annuity contracts for most purposes of the Code. Therefore, income earned under a non-qualified contract that is owned by a non-natural person is taxed as ordinary income during the taxable year in which it is earned. Taxation is not deferred, even if the income is not distributed out of the contract. The income is taxable as ordinary income, not capital gain.
The non-natural persons rules do not apply to all entity-owned contracts. For purposes of the non-natural persons rule, a contract that is owned by a non-natural person as an agent of an individual is treated as owned by the individual. This would cause the contract to be treated as an annuity under the Code, allowing tax deferral. However, this exception does not apply when the non-natural person is an employer that holds the contract under a non-qualified deferred compensation arrangement for one or more employees.
The non-natural persons rules also do not apply to contracts that are:
• acquired by the estate of a decedent by reason of the death of the decedent;
• issued in connection with certain qualified retirement plans and individual retirement plans;
• purchased by an employer upon the termination of certain qualified retirement plans; or
• immediate annuities within the meaning of Section 72(u) of the Code.
If the annuitant, who is the individual treated as owning the contract, dies before the contract is completely distributed, the balance may be included in the annuitant’s gross estate for tax purposes, depending on the obligations that the non-natural owner may have owed to the annuitant.
Exchanges
As a general rule, federal income tax law treats exchanges of property in the same manner as a sale of the property. However, pursuant to Section 1035 of the Code, an annuity contract may be exchanged tax-free for another annuity contract, provided that the obligee (the person to whom the annuity obligation is owed) is the same for both contracts. If the exchange includes the receipt of other property, such as cash, in addition to another annuity contract, special rules may cause a portion of the transaction to be taxable to the extent of the value of the other property.
Tax Treatment of a Partial 1035 Exchange With Subsequent Withdrawal
IRS Rev. Proc. 2011-38 addresses the income tax consequences of the direct transfer of a portion of the cash value of an annuity contract in exchange for the issuance of a second annuity contract. A direct transfer that satisfies the revenue procedure will be treated as a tax-free exchange under Section 1035 of the Code if, for a period of at least 180 days from the date of the direct transfer, there are no distributions or surrenders from either annuity contract involved in the exchange. In addition, the 180-day period will be deemed to have been satisfied with respect to amounts received as an annuity for a period of 10 years or more, or as an annuity for the life of one or more persons. The taxation of distributions (other than distributions described in the immediately preceding sentence) received from either contract within the 180-day period will be determined using general tax principles to determine the substance of those payments. For example, they could be treated as taxable "boot" in an otherwise tax-free exchange, or as a distribution from the new contract. Please discuss any tax consequences concerning any contemplated or completed transactions with a professional tax advisor.
175

 

Taxation of Lifetime Withdrawals Under the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, Nationwide Lifetime Income Rider Plus Max, 7% Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture option, or Nationwide Lifetime Income Track option
While the tax treatment for withdrawals for benefits such as Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, Nationwide Lifetime Income Rider Plus Max, 7% Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture option, or Nationwide Lifetime Income Track option is not clear under federal tax law, Nationwide intends to treat withdrawals under these options as taxable to the extent that the cash value of the contract exceeds the contract owner's investment in the contract at the time of the withdrawal. Specifically, Nationwide intends to treat the following amount of each withdrawal as a taxable distribution:
The greater of:
(1) A–C; or
(2) B–C,
Where:
A = the contract value immediately before the withdrawal;
B = the guaranteed annual benefit amount immediately before the withdrawal; and
C = the remaining investment in the contract.
In certain circumstances, this treatment could result in the contract value being less than the investment in the contract after such a withdrawal. If the Contract Owner subsequently takes withdrawals from the contract under such circumstances, the Contract Owner would have a loss that may be deductible. If the Contract Owner purchases one of these options in an IRA, withdrawals in excess of the annual benefit amount may be required to satisfy the minimum distribution requirements under the Code. Consult a qualified tax adviser.
Same-Sex Marriages, Domestic Partnership, and Other Similar Relationships
The Treasury issued final regulations that address what relationships are considered marriages for federal tax purposes. The final regulation’s definition of a marriage reflects the United States Supreme Court holdings in Windsor and Obergefell, as well as Rev. Proc. 2017-13.
The final regulations define the terms "spouse", "husband", "wife", and "husband and wife" to be gender neutral so that such terms can apply equally to same sex couples and opposite sex couples. In addition, the regulations adopt the "place of celebration" rule to determine marital status for federal tax purposes. A marriage of two individuals is recognized for federal tax purposes if the marriage is recognized by a state, possession, or territory of the US in which the marriage was entered into, regardless of the couple’s place of domicile.
Consistent with Rev. Proc. 2013-17, the final regulations provide that relationships entered into as civil unions or registered domestic partnerships that are not denominated as marriages under state law are not marriages for federal tax purposes. Therefore, the favorable income-tax deferral options afforded by federal tax law to a married spouse under Code Sections 72 and 401(a)(9) are not available to individuals who have entered into these formal relationships.
Withholding
Pre-death distributions from the contracts are subject to federal income tax. Nationwide is required to withhold the tax from the distributions unless the contract owner requests otherwise. Under some circumstances, the Code will not permit contract owners to waive withholding. Such circumstances include:
• if the payee does not provide Nationwide with a taxpayer identification number; or
• if Nationwide receives notice from the Internal Revenue Service that the taxpayer identification number furnished by the payee is incorrect.
If a contract owner is prohibited from waiving withholding, as described above, the portion of the distribution that represents income will be subject to withholding rates established by Section 3405 of the Code.
If the distribution is from a Tax Sheltered Annuity, it will be subject to mandatory 20% withholding that cannot be waived, unless:
176

 

• the distribution is made directly to another Tax Sheltered Annuity, qualified pension or profit-sharing plan described in Section 401(a), an eligible deferred compensation plan described in Section 457(b) which is maintained by an eligible employer described in section 457(e)(1)(A) or individual retirement plan; or
• the distribution satisfies the minimum distribution requirements imposed by the Code.
Non-Resident Aliens
Generally, a pre-death distribution from a contract to a non-resident alien is subject to federal income tax at a rate of 30% of the amount of income that is distributed.
Nationwide is required to withhold this amount and send it to the Internal Revenue Service. Some distributions to non-resident aliens may be subject to a lower (or no) tax if a treaty applies. In order to obtain the benefits of such a treaty, the non-resident alien must:
(1) provide Nationwide with a properly completed withholding certificate claiming the treaty benefit of a lower tax rate or exemption from tax; and
(2) provide Nationwide with an individual taxpayer identification number.
If the non-resident alien does not meet the above conditions, Nationwide will withhold 30% of income from the distribution.
Another exemption from the 30% withholding rate is available if the non-resident alien provides Nationwide with sufficient evidence that:
(1) the distribution is connected to the non-resident alien’s conduct of business in the United States;
(2) the distribution is includable in the non-resident alien’s gross income for United States federal income tax purposes; and
(3) provide Nationwide with a properly completed withholding certificate claiming the exemption.
Note that for the preceding exemption, the distributions would be subject to the same withholding rules that are applicable to payments to United States persons.
This prospectus does not address any tax matters that may arise by reason of application of the laws of a non-resident alien’s country of citizenship and/or country of residence. Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the applicability of laws of those jurisdictions to the purchase or ownership of a contract.
FATCA
Under Sections 1471 through 1474 of the Internal Revenue Code (commonly referred to as FATCA), distributions from a contract to a foreign financial institution or to a nonfinancial foreign entity, each as described by FATCA, may be subject to United States tax withholding at a flat rate equal to 30% of the taxable amount of the distribution, irrespective of the status of any beneficial owner of the contract or of the distribution. Nationwide may require a contract owner to provide certain information or documentation (e.g., Form W-9 or Form W-8BEN) to determine its withholding requirements under FATCA.
Additional Medicare Tax
Section 1411 of the Code imposes a surtax of 3.8% on certain net investment income received by individuals and certain trusts and estates. The surtax is imposed on the lesser of (a) net investment income or (b) the excess of the modified adjusted gross income over a threshold amount. For individuals, the threshold amount is $250,000 (married filing jointly); $125,000 (married filing separately); or $200,000 (other individuals). The threshold for an estate is $7,500.
Modified adjusted gross income is equal to adjusted gross income with several modifications; consult with a qualified tax advisor regarding how to determine modified adjusted gross income for purposes of determining the applicability of the surtax.
Net investment income includes, but is not limited to, interest, dividends, capital gains, rent and royalty income, and income from nonqualified annuities. Net investment income does not include, among other things, distributions from certain qualified plans (such as IRAs, Roth IRAs, and plans described in Code Sections 401(a), 401(k), 403(a), 403(b) or 457(b)); however, such distributions, to the extent that they are includible in income for federal income tax purposes, are includible in modified adjusted gross income.
177

 

Federal Estate, Gift and Generation Skipping Transfer Taxes
The following transfers may be considered a gift for federal gift tax purposes:
• a transfer of the contract from one contract owner to another; or
• a distribution to someone other than a contract owner.
Upon the contract owner’s death, the value of the contract may be subject to estate taxes, even if all or a portion of the value is also subject to federal income taxes.
Section 2612 of the Code may require Nationwide to determine whether a death benefit or other distribution is a "direct skip" and the amount of the resulting generation skipping transfer tax, if any. A direct skip is when property is transferred to, or a death benefit or other distribution is made to:
(a) an individual who is two or more generations younger than the contract owner; or
(b) certain trusts, as described in Section 2613 of the Code (generally, trusts that have no beneficiaries who are not two or more generations younger than the contract owner).
If the contract owner is not an individual, then for this purpose only, "contract owner" refers to any person:
• who would be required to include the contract, death benefit, distribution, or other payment in his or her federal gross estate at his or her death; or
• who is required to report the transfer of the contract, death benefit, distribution, or other payment for federal gift tax purposes.
If a payment is subject to the generation skipping transfer tax, Nationwide may be required to deduct the amount of the transfer tax from the death benefit, distribution or other payment, and remit it directly to the Internal Revenue Service.
Charge for Tax
Nationwide is not required to maintain a capital gain reserve liability on non-qualified contracts. If tax laws change requiring a reserve, Nationwide may implement and adjust a tax charge.
Diversification
Code Section 817(h) contains rules on diversification requirements for variable annuity contracts. A variable annuity contract that does not meet these diversification requirements will not be treated as an annuity, unless:
• the failure to diversify was inadvertent;
• the failure is corrected; and
• a fine is paid to the Internal Revenue Service.
The amount of the fine will be the amount of tax that would have been paid by the contract owner if the income, for the period the contract was not diversified, had been received by the contract owner.
If the violation is not corrected, the contract owner will be considered the owner of the underlying securities and will be currently taxed on the earnings of his or her contract. Nationwide believes that the investments underlying this contract meet these diversification requirements.
Representatives of the Internal Revenue Service have informally suggested, from time to time, that the number of underlying mutual funds available or the number of transfer opportunities available under a variable product may be relevant in determining whether the product qualifies for the desired tax treatment. In 2003, the Internal Revenue Service issued formal guidance, in Revenue Ruling 2003-91, indicating that if the number of underlying mutual funds available in a variable insurance product does not exceed 20, the number of underlying mutual funds alone would not cause the contract to fail to qualify for the desired tax treatment. The Internal Revenue Service also indicated that exceeding 20 investment options may be considered a factor, along with other factors including the number of transfer opportunities available under the contract, when determining whether the contract qualifies for favorable tax treatment. The revenue ruling did not indicate the actual number of underlying mutual funds that would cause the contract to not provide the desired tax treatment. Should the U.S. Secretary of the Treasury issue additional rules or regulations that would limit the number of underlying mutual funds, transfers between underlying mutual funds, exchanges of underlying mutual funds or changes in investment objectives of underlying mutual funds such that the contract would no longer qualify for tax deferred treatment under Section 72 of the Code, then Nationwide will take whatever steps are available to remain in compliance.
Based on the above, the contract should be treated as an annuity contract for federal income tax purposes.
178

 

Required Distributions
The Code requires that certain distributions be made from the contracts issued in conjunction with this prospectus. Following is an overview of the required distribution rules applicable to each type of contract. Consult a qualified tax or financial professional for more specific required distribution information.
If the Contract Owner purchases the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, Nationwide Lifetime Income Rider Plus Max, 7% Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture option, or Nationwide Lifetime Income Track option, withdrawals in excess of the annual benefit amount may be required to satisfy the minimum distribution requirements under the Code. Consult a qualified tax adviser.
Required Distributions – General Information
In general, a beneficiary is an individual or other entity that the contract owner designates to receive death proceeds upon the contract owner’s death. The distribution rules in the Code make a distinction between "beneficiary" and "designated beneficiary" when determining the life expectancy that may be used for payments that are made from IRAs, SEP IRAs, Simple IRAs, Roth IRAs and Tax Sheltered Annuities after the death of the contract owner, or that are made from non-qualified contracts after the death of the contract owner. A designated beneficiary is a natural person who is designated by the contract owner as the beneficiary under the contract. Non-natural beneficiaries (e.g. charities or certain trusts) are not designated beneficiaries for the purpose of required distributions and the life expectancy of such a beneficiary is zero.
Life expectancies and joint life expectancies will be determined in accordance with the relevant guidance provided by the Internal Revenue Service and the Treasury Department, including but not limited to Treasury Regulation 1.72-9 and Treasury Regulation 1.401(a)(9)-9.
Required distributions paid upon the death of the contract owner are paid to the beneficiary or beneficiaries stipulated by the contract owner. How quickly the distributions must be made may be determined with respect to the life expectancies of the beneficiaries. For non-qualified contracts, the beneficiaries used in the determination of the distribution period are those in effect on the date of the contract owner’s death. For contracts other than non-qualified contracts, the beneficiaries used in the determination of the distribution period do not have to be determined until September 30 of the year following the contract owner’s death. If there is more than one beneficiary, the life expectancy of the beneficiary with the shortest life expectancy is used to determine the distribution period. Any beneficiary that is not a designated beneficiary has a life expectancy of zero.
For IRAs, SEP IRAs, Simple IRAs, Roth IRAs and Tax-Sheltered Annuities, the SECURE Act that was enacted on December 20, 2019 generally eliminated the option to take required minimum distributions over a designated beneficiary’s life expectancy. In the case of a contract owner who dies on or after January 1, 2020, an individual beneficiary under a qualified contract must withdraw the entire balance of the contract by December 31 of the tenth year following the contract owner’s death. There are limited exceptions to this rule and a prospective purchaser contemplating the purchase of the contract should consult a qualified tax advisor.
Required Distributions for Non-Qualified Contracts
Code Section 72(s) requires Nationwide to make certain distributions when a contract owner dies. The following distributions will be made in accordance with the following requirements:
(1) If any contract owner dies on or after the annuitization date and before the entire interest in the contract has been distributed, then the remaining interest must be distributed at least as rapidly as the distribution method in effect on the contract owner's death.
(2) If any contract owner dies before the annuitization date, then the entire interest in the contract (consisting of either the death benefit or the contract value reduced by charges set forth elsewhere in the contract) must be distributed within five years of the contract owner’s death, provided however:
(a) any interest payable to or for the benefit of a designated beneficiary may be distributed over the life of the designated beneficiary or over a period not longer than the life expectancy of the designated beneficiary. Payments must begin within one year of the contract owner's death unless otherwise permitted by federal income tax regulations; and
(b) if the designated beneficiary is the surviving spouse of the deceased contract owner, the spouse can choose to become the contract owner instead of receiving a death benefit. Any distributions required under these distribution rules will be made upon that spouse’s death.
179

 

In the event that the contract owner is not a natural person (e.g., a trust or corporation), but is acting as an agent for a natural person, for purposes of these distribution provisions:
(a) the death of the annuitant will be treated as the death of a contract owner;
(b) any change of annuitant will be treated as the death of a contract owner; and
(c) in either case, the appropriate distribution will be made upon the death or change, as the case may be.
These distribution provisions do not apply to any contract exempt from Section 72(s) of the Code by reason of Section 72(s)(5) or any other law or rule.
Required Distributions for Tax Sheltered Annuities, IRAs, SEP IRAs, Simple IRAs, and Roth IRAs
Required Distributions During the Life of the Contract Owner
For contract owners who attained the age of 70½ prior to January 1, 2020, distributions from a Tax Sheltered Annuity, IRA, SEP IRA or Simple IRA must begin no later than April 1 of the calendar year following the calendar year in which the contract owner reaches age 70½. For those contract owners who attain age 70½ on or after January 1, 2020, the SECURE Act raised the age that distributions from IRA, SEP IRA, or Simple IRA must begin to age 72. For those contract owners , distributions must begin no later than April 1 of the calendar year following the calendar year in which the contract owner reaches age 72. Distributions may be paid in a lump sum or in substantially equal payments over:
(a) the life of the contract owner or the joint lives of the contract owner and the contract owner’s designated beneficiary; or
(b) a period not longer than the period determined under the table in Treasury Regulation 1.401(a)(9)-9, which is the deemed joint life expectancy of the contract owner and a person 10 years younger than the contract owner. If the designated beneficiary is the spouse of the contract owner, the period may not exceed the longer of the period determined under such table or the joint life expectancy of the contract owner and the contract owner’s spouse, determined in accordance with Treasury Regulation 1.401(a)(9)-9.
For Tax Sheltered Annuities, required distributions do not have to be withdrawn from this contract if they are being withdrawn from another Tax Sheltered Annuity of the contract owner.
For IRAs, SEP IRAs, and Simple IRAs, required distributions do not have to be withdrawn from this contract if they are being withdrawn from another IRA, SEP IRA, or Simple IRA of the contract owner.
If the contract owner’s entire interest in a Tax Sheltered Annuity, IRA, SEP IRA, or Simple IRA will be distributed in equal or substantially equal payments over a period described in (a) or (b) above, the payments must begin on or before the required beginning date. The required beginning date is April 1 of the calendar year following the calendar year in which the contract owner reaches age 70½ (age 72 for those contract owners who turn age 70½ on or after January 1, 2020). The rules for Roth IRAs do not require distributions to begin during the contract owner’s lifetime, therefore, the required beginning date is not applicable to Roth IRAs.Required Distributions Upon Death of a Contract Owner Before January 1, 2020Death Before Required Beginning Date
If the contract owner dies before January 1, 2020 and before the required beginning date (in the case of a Tax Sheltered Annuity, IRA, SEP IRA, or Simple IRA) or before the entire contract value is distributed (in the case of Roth IRAs), any remaining interest in the contract must be distributed by December 31 of the fifth year following the contract owner's death or over a period not exceeding:
(a) The life or life expectancy of the designated beneficiary, with such life expectancy determined under the tables prescribed by Treasury Regulation 1.401(a)(9)-9. Distributions must begin by the end of the calendar following the year of death.
a. In the case of a non-spouse designated beneficiary, the life expectancy is determined in the calendare year following the contract owner’s death, with such life expectancy reduced by one for each subsequent calendar year that elapsed from the year the life expectancy was determined.
b. If a designated beneficiary dies after January 1, 2020, any remaining interest must be distributed by December 31st of the tenth year following the death of the designated beneficiary.
180

 

c. If the sole designated beneficiary is the surviving spouse of the contract owner, then distributions must begin by the later of the calendar year following the year of the contract owner’s death or the end of the calendar year in which the contract owner would have turned 70 ½ (age 72 for those who turn age 70 ½ on or after January 1, 2020).
(b) If there is no designated beneficiary or if the designated beneficiary elects, the entire balance of the contract must be distributed by December 31st of the fifth year following the contract owner's death.
Death on or after Required Beginning Date
If the contract owner dies before January 1, 2020 and on or after the required beginning date, the interest in the Tax Sheltered Annuity, IRA, SEP IRA, or Simple IRA must be distributed at least as rapidly as the distribution method in effect on the contract owner’s death. If the designated beneficiary receiving distributions dies after January 1, 2020, any remaining interest must be distributed by December 31st of the tenth year following the death of the designated beneficiary.
Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the taxation and use of the contracts.
Required Distributions Upon Death of a Contract Owner On or After January 1, 2020
If the contract owner dies on or after January 1, 2020 and the designated beneficiary is not an eligible designated beneficiary as defined under Code Section 401(a)(9), then the entire balance of the contract must be distributed by December 31st of the tenth year following the contract owner’s death. This 10-year post-death distribution period applies regardless of whether the contract owner dies before or after the contract owner’s required beginning date.
In the case of an eligible designated beneficiary, which includes (1) the contract owner’s surviving spouse, (2) a minor child of the contract owner, (3) a disabled individual, (4) a chronically ill individual, or (5) an individual not more than 10 years younger than the contract owner, the entire balance of the contract can be distributed over a period not exceeding the life or life expectancy of the eligible designated beneficiary. The life or life expectancy period is generally determined as described in the Death Before Required Beginning Date section above, provided that distributions begin within one year of death. If an eligible designated beneficiary dies before the entire interest is distributed, the remaining interest must be distributed by December 31st of the tenth year following the eligible designated beneficiary’s death.
A distribution in the form of annuity payments (an annuitization) that began on or after January 1, 2020 while the contract owner was alive may need to be commuted or modified after the contract owner’s death in order to comply with the post-death distribution requirements. However, distributions in the form of annuity payments (an annuitization) that began prior to January 1, 2020, while the contract owner was alive, can continue under that method after the death the contract owner without modification.
In addition, a beneficiary who is not an eligible designated beneficiary or a designated beneficiary must withdraw the entire account balance by December 31st of the fifth year following the contract owner’s death.
Regardless of whether the contract owner dies before or on or after January 1, 2020, a designated beneficiary who is the surviving spouse of the deceased contract owner may choose to become the contract owner. Any distributions required under these distribution rules will be made upon that spouse’s death.
Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the taxation and use of the contracts.
If distribution requirements are not met, a penalty tax of 50% is levied on the difference between the amount that should have been distributed for that year and the amount that actually was distributed for that year.
For IRAs, SEP IRAs, and Simple IRAs, all or a portion of each distribution will be included in the recipient’s gross income and taxed as ordinary income tax rates. The portion of a distribution that is taxable is based on the ratio between the amount by which non-deductible purchase payments exceed prior non-taxable distributions and total account balances at the time of the distribution. The owner of an IRA, SEP IRA, or Simple IRA must annually report the amount of non-deductible purchase payments, the amount of any distribution, the amount by which non-deductible purchase payments for all years exceed non taxable distributions for all years, and the total balance of all IRAs, SEP IRAs, or Simple IRAs.
Distributions from Roth IRAs may be either taxable or nontaxable, depending upon whether they are "qualified distributions" or "non-qualified distributions."
181

 

Tax Changes
The CARES Act was enacted on March 27, 2020. The CARES Act made numerous changes to the Internal Revenue Code effective January 1, 2020, including the following:
• Waiving the 2020 lifetime and post death minimum distribution requirement (RMD) from defined contribution plans and IRAs, including the 2019 RMD taken in 2020 for those individuals turning 70½ in 2019. Additionally, 2020 will not be counted in measuring the five-year distribution period requirement for post death RMDs, with the result that the five-year period is extended by one year.
• Relief for coronavirus-related distributions and loans from qualified plans and IRAs, which includes an exception from the 10% penalty for early distribution and an exemption from the 20% mandatory withholding requirement.
Along with the passage of the CARES Act, the IRS extended the deadline to make a 2019 IRA or Roth IRA contribution to July 15, 2020 in order to coincide with the extended deadline for filing an individual’s income tax return.
The SECURE Act was enacted on December 20, 2019. The SECURE Act made numerous changes to the Code effective January 1, 2020, including the following:
• Increasing the age a contract owner must begin RMDs under IRAs and certain qualified plans from age 70½ to age 72.
• Requiring an individual beneficiary of an inherited IRA and certain qualified plans to withdraw their entire inherited interest within 10 years of the original contract owner’s death.
• Repealing the 70½ age limitation that prohibited an individual from making an IRA contribution.
The Tax Cuts and Jobs Act (the "Act") was enacted on December 22, 2017. The Act made numerous changes to the Code effective January 1, 2018, including the following:
• Lowered the federal individual and corporate income tax rates;
• Doubled the federal estate and gift tax exclusion amount to $10 million;
• Eliminated the ability to recharacterize the rollover or conversion of amounts from IRAs or eligible retirement plans to a Roth IRA.
State Taxation
The tax rules across the various states and localities are not uniform and therefore are not discussed in this prospectus. Tax rules that may apply to contracts issued in U.S. territories such as Puerto Rico and Guam are also not discussed. Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the taxation and use of the contracts.
182

 

Appendix D: 7% Nationwide Lifetime Income Rider's Non-Lifetime Withdrawal Examples
Example of a Non-Lifetime Withdrawal taken before the 10th Contract Anniversary*
The purpose of this example is to show the calculations used to determine the Current Income Benefit Base if a Non-Lifetime Withdrawal is taken before the 10th Contract Anniversary. This example assumes the following:
Initial Purchase Payment on Contract Issue Date: $100,000
Original Income Benefit Base: $100,000
Subsequent Purchase Payment in the 2nd Contract Year: $ 15,000
Non-Lifetime Withdrawal Amount taken during the 5th Contract Year: $ 20,000
Contract Value on Date of Non-Lifetime Withdrawal (prior to the Non-Lifetime Withdrawal) **: $120,000
Current Income Benefit Base on Date of Non-Lifetime Withdrawal**: $138,000
Subsequent Purchase Payment in the 5th Contract Year and after the Non-Lifetime Withdrawal: $ 30,000
Contract Value on 6th Contract Anniversary**: $140,000
If a $20,000 Non-Lifetime Withdrawal is taken during the 5th Contract Year, the Current Income Benefit Base on the 6th Contract Anniversary will equal the greatest of:
1) Proportional Reduction
to the Current Income
Benefit Base 		= Non-Lifetime
Withdrawal Amount 		X Current Income Benefit
Base prior to Non-
Lifetime Withdrawal
Contract Value (on date
of Non-Lifetime
Withdrawal)
= $20,000 X $138,000
$120,000
    =   $23,000  
  The Current Income Benefit Base of $138,000 is reduced by $23,000 resulting in the proportionally reduced Current Income Benefit Base of $115,000.
2) The highest Contract Value on any Contract Anniversary after the Non-Lifetime Withdrawal. Here, the Contract Value on the 6th Contract Anniversary is $140,000.
3.a) Proportional Reduction
to the Original Income
Benefit Base 		= Non-Lifetime
Withdrawal Amount 		X Original Income Benefit
Base
  Contract Value (on date
of Non-Lifetime
Withdrawal)
    = $20,000 X $100,000
    $120,000
    =   $16,667  
  The Original Income Benefit Base of $100,000 is reduced by $16,667 resulting in the Adjusted Roll-up Income Benefit Base of $83,333. The Adjusted Roll-up Income Benefit Base is increased by the 7% simple interest roll-up for each attained Contract Anniversary resulting in the Adjusted Roll-up Income Benefit Base with roll-up of $118,333.
PLUS
3.b) Proportional Reduction
to Subsequent Purchase
Payment in the 2nd
Contract Year 		= Non-Lifetime
Withdrawal Amount 		X Subsequent Purchase
Payment in the 2nd
Contract Year
Contract Value (on date of Non-Lifetime Withdrawal)
    = $20,000 X $15,000
      $120,000    
    =   $2,500  
183

 

  The subsequent purchase payment in the 2nd Contract Year of $15,000 is reduced by $2,500 resulting in the proportionally reduced subsequent purchase payment of $12,500. This is increased by 7% simple interest roll-up from the date of the subsequent purchase payment for each attained Contract Anniversary resulting in $16,438.
PLUS
3.c) Subsequent purchase payment after Non-Lifetime Withdrawal of $30,000 increased by 7% simple interest roll-up from the date of the subsequent purchase payment for each attained Contract Anniversary resulting in $33,150.
The Adjusted Roll-up Income Benefit Base with roll-up PLUS the subsequent purchase payment in the 2nd Contract Year with roll-up PLUS the subsequent purchase payment after the Non-Lifetime Withdrawal with roll-up would equal $167,921.
Since the Adjusted Roll-up Income Benefit Base with roll-up and subsequent purchase payments with roll-up are the greatest, the Contract Owner's Current Income Benefit Base on the 6th Contract Anniversary would be $167,921.
* All numbers are rounded to the nearest whole number
** Contract Value and Current Income Benefit Base are hypothetical and for example purposes only
   
Example of a Non-Lifetime Withdrawal taken after the 10th Contract Anniversary*
The purpose of this example is to show the calculations used to determine the Current Income Benefit Base if a Non-Lifetime Withdrawal is taken after the 10th Contract Anniversary. This example assumes the following:
Initial Purchase Payment on Contract Issue Date: $100,000
Original Income Benefit Base: $100,000
Subsequent Payment on the 1st Contract Anniversary: $ 15,000
Subsequent Payment on the 11th Contract Anniversary: $ 30,000
Non-Lifetime Withdrawal Amount taken during the 12th Contract Year: $ 20,000
Contract Value on Date of Non-Lifetime Withdrawal (prior to the Non-Lifetime Withdrawal) **: $177,698
Current Income Benefit Base on Date of Non-Lifetime Withdrawal**: $224,450
Contract Value on 12th Contract Anniversary**: $195,078
If a $20,000 Non-Lifetime Withdrawal is taken during the 12th Contract Year, the Current Income Benefit Base on the 12th Contract Anniversary will equal the greatest of:
1) Proportional Reduction to the Current Income Benefit Base = Non-Lifetime
Withdrawal Amount 		X Current Income Benefit
Base prior to Non-
Lifetime Withdrawal
Contract Value (on date
of Non-Lifetime
Withdrawal)
    = $20,000 X $224,450
$177,698
    =   $25,262  
  The Current Income Benefit Base of $224,450 is reduced by $25,262 resulting in the proportionally reduced Current Income Benefit Base of $199,188.
2) The highest Contract Value on any Contract Anniversary after the Non-Lifetime Withdrawal. Here, the Contract Value on the 12th Contract Anniversary is $195,078.
3.a) Proportional Reduction to the Original Income Benefit Base = Non-Lifetime
Withdrawal Amount 		X Original Income
Benefit Base
Contract Value (on date
of Non-Lifetime
Withdrawal)
    = $20,000 X $100,000
$177,698
    =   $11,255  
184

 

  The Original Income Benefit Base of $100,000 is reduced by $11,255 resulting in the Adjusted Roll-up Income Benefit Base of $88,745. The Adjusted Roll-up Income Benefit Base is increased by the 7% simple interest roll-up for each attained Contract Anniversary resulting in the Adjusted Roll-up Income Benefit base with roll-up of $150,866.
PLUS
3.b) Proportional Reduction to the Subsequent Purchase Payment on the 1st Contract Anniversary = Non-Lifetime
Withdrawal Amount 		X Subsequent Purchase
Payment on the 1st
Contract Anniversary
Contract Value (on date
of Non-Lifetime
Withdrawal)
    = $20,000 X $15,000
$177,698
    =   $1,688  
  The subsequent purchase payment on the 1st Contract Anniversary of $15,000 is reduced by $1,688 resulting in $13,312. This is increased by 7% simple interest roll-up each year from the date of the subsequent purchase payment to the 10th Contract Anniversary resulting in $21,699.
PLUS
3.c) Proportional Reduction to Subsequent Purchase Payment on the 11th Contract Anniversary = Non-Lifetime
Withdrawal Amount 		X Subsequent Purchase
Payment on the 11th
Contract Anniversary
Contract Value (on date
of Non-Lifetime
Withdrawal)
    = $20,000 X $30,000
$177,698
    =   $3,377  
  The subsequent purchase payment on the 11th Contract Anniversary of $30,000 is reduced by $3,377 resulting in $26,623 (Note: there is no roll-up here since it is after the 10th Contract Anniversary).
  The Adjusted Roll-up Income Benefit Base with roll-up PLUS the proportional reduction to the subsequent purchase payment on the 1st Contract Anniversary with roll-up PLUS the proportional reduction to the subsequent purchase payment on the 11th Contract Anniversary with no roll-up equals $199,188.
Since the proportional reduction to the Current Income Benefit Base and the Adjusted Roll-up Income Benefit Base with roll-up and subsequent purchase payments with and without roll-up are equal and the greatest, the Contract Owner's Current Income Benefit Base on the 12th Contract Anniversary would be $199,188.
* All numbers are rounded to the nearest whole number
** Contract Value and Current Income Benefit Base are hypothetical and for example purposes only
185

 

Appendix E: Nationwide Lifetime Income Capture Option
Non-Lifetime Withdrawal Examples
Example of a Non-Lifetime Withdrawal taken on or before the 15th Option Anniversary*
The purpose of this example is to show the calculations used to determine the Current Income Benefit Base, for the Option Anniversary immediately following the Non-Lifetime Withdrawal, if a Non-Lifetime Withdrawal is taken on or before the 15th Option Anniversary. This example assumes the following:
Initial Purchase Payment on Contract Issue Date: $100,000
Original Income Benefit Base: $100,000
Subsequent Purchase Payment in the 2nd Option Year: $ 15,000
Non-Lifetime Withdrawal Amount taken during the 5th Option Year: $ 20,000
Contract Value on Date of Non-Lifetime Withdrawal (prior to the Non-Lifetime Withdrawal)**: $137,000
Highest Monthly Option Anniversary Contract Value during the Option Year and prior to the Non-Lifetime Withdrawal**: $138,000
Highest Monthly Option Anniversary Contract Value during the Option Year and after the Non-Lifetime Withdrawal**: $123,000
Current Income Benefit Base on Date of Non-Lifetime Withdrawal (Current Income Benefit Base on the 4th Option Anniversary)**: $138,250
Subsequent Purchase Payment halfway into the 5th Option Year and after the Non-Lifetime Withdrawal: $  2,000
Contract Value on 5th Option Anniversary**: $122,000
Roll-up Interest Rate on the 5th Option Anniversary***: 5%
If a $20,000 Non-Lifetime Withdrawal is taken during the 5th Option Year, the Current Income Benefit Base on the 5th Option Anniversary will equal the greatest of:
1) Contract Value on the Option Anniversary: here, the Contract Value on the Option Anniversary after the Non-Lifetime Withdrawal, the 5th Option Anniversary, is $122,000.
2) Monthly Option Anniversary Contract Value: the Monthly Option Anniversary Contract Value on the 5th Option Anniversary, which is the greater of:
2.a) Proportional Reduction
to the highest Monthly
Option Anniversary
Contract Value during
Option Year and prior to
Non-Lifetime Withdrawal 		= Non-Lifetime
Withdrawal Amount 		X Highest Monthly Option
Anniversary Contract Value
during the Option Year and
prior to Non-Lifetime
Withdrawal
  Contract Value (on date
of Non-Lifetime
Withdrawal)
    = $20,000 X $138,000
    $137,000
    =   $20,146  
  The highest Monthly Option Anniversary Contract Value during the Option Year and prior to the Non-Lifetime Withdrawal of $138,000 is reduced by $20,146 resulting in $117,854.
OR
2.b) The highest Monthly Option Anniversary Contract Value during the Option Year and after the Non-Lifetime Withdrawal of $123,000.
  Here, the highest Monthly Option Anniversary Contract Value during the Option Year and after the Non-Lifetime Withdrawal is greater, so the Monthly Option Anniversary Contract Value is $123,000.
3) Roll-up Value: equal to the sum of the following calculations:
186

 

3.a) Adjusted Current Income Benefit Base:
  Proportional Reduction
to Current Income
Benefit Base on 4th
Option Anniversary 		= Non-Lifetime
Withdrawal Amount 		X Current Income Benefit
Base on the 4th Option
Anniversary
  Contract Value (on date
of Non-Lifetime
Withdrawal)
    = $20,000 X $138,250
    $137,000
    =   $20,182  
  The Current Income Benefit Base on the 4th Option Anniversary of $138,250 is reduced by $20,182 resulting in the proportionally reduced Adjusted Current Income Benefit Base of $118,068.
PLUS
3.b) Roll-up : the Roll-up Interest Rate on the 5th Option Anniversary multiplied by the sum of the Adjusted Roll-up Income Benefit Base (the Original Income Benefit Base proportionally reduced for the Non-Lifetime Withdrawal) plus any subsequent purchase payments applied on or before the 4th Option Anniversary proportionally reduced for the Non-Lifetime Withdrawal:
    = 5% X [($100,000 – (($20,000/$137,000) X $100,000)) + ($15,000 – (($20,000/$137,000) X $15,000))]
    = 5% X [($100,000 – $14,599) + ($15,000 – $2,190)]
    = 5% X [$85,401 + $12,810]
    = 5% X $98,211
    = $4,911
PLUS
3.c) Subsequent Purchase Payments with Prorated Roll-up: The subsequent purchase payment in the 5th Option Year and after the Non-Lifetime Withdrawal of $2,000 plus a 5% roll-up prorated from the date of the subsequent purchase payment to the 5th Option Anniversary resulting in $2,050.
  Here, the Roll-up Value (the sum of 3.a, $118,068, 3.b, $4,911, and 3.c, $2,050) on the 5th Option Anniversary would be $125,029.
Since the Roll-up Value of $125,029 is greater than the Contract Value on the Option Anniversary and the Monthly Option Anniversary Contract Value, the Contract Owner’s Current Income Benefit Base on the 5th Option Anniversary would be $125,029.
* All numbers are rounded to the nearest whole number
** Contract Value and Current Income Benefit Base are hypothetical and for example purposes only
*** Roll-up Interest Rate is hypothetical and for example purposes only
   
Example of a Non-Lifetime Withdrawal taken after the 15th Option Anniversary*
The purpose of this example is to show the calculations used to determine the Current Income Benefit Base, for the Option Anniversary immediately following the Non-Lifetime Withdrawal, if a Non-Lifetime Withdrawal is taken after the 15th Option Anniversary. This example assumes the following:
Initial Purchase Payment on Contract Issue Date: $100,000
Original Income Benefit Base: $100,000
Current Income Benefit Base on the 15th Option Anniversary: $220,115
Subsequent Purchase Payment in the 16th Option Year and prior to the Non-Lifetime Withdrawal: $ 50,000
Non-Lifetime Withdrawal Amount taken during the 16th Option Year: $ 20,000
Contract Value on Date of Non-Lifetime Withdrawal (prior to the Non-Lifetime Withdrawal)**: $270,000
Highest Monthly Option Anniversary Contract Value during the Option Year and prior to the Non-Lifetime Withdrawal**: $267,050
Current Income Benefit Base on Date of Non-Lifetime Withdrawal**: $270,115
Contract Value on 16th Option Anniversary**: $257,100
187

 

Highest Monthly Option Anniversary Contract Value during the Option Year and after the Non-Lifetime Withdrawal**: $260,000
If a $20,000 Non-Lifetime Withdrawal is taken during the 16th Option Year, the Current Income Benefit Base on the 16th Option Anniversary will equal the greatest of:
1) Adjusted Current Income Benefit Base:
  Proportional Reduction to the Current Income Benefit Base = Non-Lifetime
Withdrawal Amount 		X Current Income Benefit
Base prior to Non-
Lifetime Withdrawal
Contract Value (on date
of Non-Lifetime
Withdrawal)
    = $20,000 X $270,115
$270,000
    =   $20,009  
  The Current Income Benefit Base of $270,115 immediately before the Non-Lifetime Withdrawal (the Current Income Benefit Base on the 15th Option Anniversary of $220,115 plus the subsequent purchase payment in the 16th Option Year and prior to the Non-Lifetime Withdrawal of $50,000) is reduced by $20,009 resulting in the proportionally reduced Adjusted Current Income Benefit Base of $250,106.
2) Contract Value on the Option Anniversary: Here, the Contract Value on the current Option Anniversary, the 16th Option Anniversary, is $257,100.
3) Monthly Option Anniversary Contract Value: the Monthly Option Anniversary Contract Value on the 16th Option Anniversary, which is the greater of:
3.a) Proportional Reduction to the highest Monthly Option Anniversary Contract Value during Option Year and prior to Non-Lifetime Withdrawal = Non-Lifetime
Withdrawal Amount 		X Highest Monthly Option
Anniversary Contract
Value during the Option
Year and prior to Non-
Lifetime WIthdrawal
Contract Value (on date
of Non-Lifetime
Withdrawal)
    = $20,000 X $267,050
$270,000
    =   $19,781  
  The highest Monthly Option Anniversary Contract Value during the Option Year and prior to the Non-Lifetime Withdrawal of $267,050 is reduced by $19,781 resulting in $247,269.
OR
3.b) The highest Monthly Option Anniversary Contract Value during the Option Year and after the Non-Lifetime Withdrawal of $260,000.
  Here, the highest Monthly Option Anniversary Contract Value during the Option Year and after the Non-Lifetime Withdrawal is greater, so the Monthly Option Anniversary Contract Value is $260,000.
Since the Monthly Option Anniversary Contract Value of $260,000 is greater than the Adjusted Current Income Benefit Base and the Contract Value on the Option Anniversary, the Contract Owner's Current Income Benefit Base on the 16th Option Anniversary would be $260,000.
* All numbers are rounded to the nearest whole number
** Contract Value and Current Income Benefit Base are hypothetical and for example purposes only
188

 

Appendix F: Historical Rates, Periods, and Percentages
This Appendix provides historical information related to the:
• Roll-up Interest Rates, Roll-up Crediting Periods, and Lifetime Withdrawal Percentages for the Nationwide Lifetime Income Rider Plus Core and Joint Option for the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated and Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max and Joint Option for the Nationwide Lifetime Income Rider Plus Max;
• Lifetime Withdrawal Percentages for the 7% Nationwide Lifetime Income Rider and Joint Option for the 7% Nationwide Lifetime Income Rider; and
• Lifetime Withdrawal Percentages and Attained Age Lifetime Withdrawal Percentages for the Nationwide Lifetime Income Capture option and the Joint Option for the Nationwide Lifetime Income Capture option.
For contracts with applications signed on or after May 1, 2021, rates and percentages are disclosed in the Rate Sheet Supplement that is attached to the front of this prospectus delivered to you.
Nationwide Lifetime Income Rider Plus Core and Joint Option for the Nationwide Lifetime Income Rider Plus Core
For contracts with applications signed on or after June 1, 2020 and before May 1, 2021:
Roll-up Interest Rate Roll-up Crediting Period
5% 10 Years
    
Contract Owner's Age
(at the time of the first Lifetime Withdrawal) 		Nationwide Lifetime Income Rider Plus Core's
Lifetime Withdrawal Percentages* 		Joint Option for the
Nationwide Lifetime Income Rider Plus Core's
Lifetime Withdrawal Percentages*
50 up to 59½ 3.30% 3.05%
59½ through 64 4.30% 4.05%
65 through 69 5.15% 4.90%
70 through 74 5.25% 5.00%
75 through 80 5.75% 5.50%
81 and older 6.30% 6.05%
*The Lifetime Withdrawal Percentage is determined based on the age of the Contract Owner at the time of the first Lifetime Withdrawal, or if the Joint Option is elected, the age of the younger spouse at the time of the first Lifetime Withdrawal. A Contract Owner will receive the greatest Lifetime Withdrawal Percentage only if he or she does not take a Lifetime Withdrawal prior to age 81.
Nationwide Lifetime Income Rider Plus Accelerated and Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated
For contracts with applications signed on or after November 2, 2020 and before May 1, 2021:
Roll-up Interest Rate Roll-up Crediting Period
5.50% 10 Years
    
  Nationwide Lifetime Income Rider Plus Accelerated's Lifetime Withdrawal Percentages* Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated's Lifetime Withdrawal Percentages*
Contract Owner's Age (at the time of the first Lifetime Withdrawal) Contract Value
Greater Than $0 		Once Contract Value
Reaches $0 		Contract Value
Greater Than $0 		Once Contract Value
Reaches $0
50 up to 59½ 4.00% 3.00% 3.75% 3.00%
59½ through 64 5.00% 3.00% 4.75% 3.00%
189

 

  Nationwide Lifetime Income Rider Plus Accelerated's Lifetime Withdrawal Percentages* Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated's Lifetime Withdrawal Percentages*
65 through 69 6.25% 4.00% 6.00% 4.00%
70 through 74 6.50% 4.00% 6.25% 4.00%
75 through 80 6.75% 4.00% 6.50% 4.00%
81 and older 6.75% 4.00% 6.50% 4.00%
*The Lifetime Withdrawal Percentage is determined based on the age of the Contract Owner at the time of the first Lifetime Withdrawal, or if the Joint Option is elected, the age of the younger spouse at the time of the first Lifetime Withdrawal. A Contract Owner will receive the greatest Lifetime Withdrawal Percentage only if he or she does not take a Lifetime Withdrawal prior to age 81.
For contracts with applications signed on or after June 1, 2020 and before November 2, 2020:
Roll-up Interest Rate Roll-up Crediting Period
5% 10 Years
    
  Nationwide Lifetime Income Rider Plus Accelerated's Lifetime Withdrawal Percentages* Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated's Lifetime Withdrawal Percentages*
Contract Owner's Age (at the time of the first Lifetime Withdrawal) Contract Value
Greater Than $0 		Once Contract Value
Reaches $0 		Contract Value
Greater Than $0 		Once Contract Value
Reaches $0
50 up to 59½ 4.00% 3.00% 3.75% 3.00%
59½ through 64 5.00% 3.00% 4.75% 3.00%
65 through 69 6.25% 4.00% 6.00% 4.00%
70 through 74 6.50% 4.00% 6.25% 4.00%
75 through 80 6.75% 4.00% 6.50% 4.00%
81 and older 6.75% 4.00% 6.50% 4.00%
*The Lifetime Withdrawal Percentage is determined based on the age of the Contract Owner at the time of the first Lifetime Withdrawal, or if the Joint Option is elected, the age of the younger spouse at the time of the first Lifetime Withdrawal. A Contract Owner will receive the greatest Lifetime Withdrawal Percentage only if he or she does not take a Lifetime Withdrawal prior to age 81.
Nationwide Lifetime Income Rider Plus Max and Joint Option for the Nationwide Lifetime Income Rider Plus Max
For contracts with applications signed on or after November 2, 2020 and before May 1, 2021:
Roll-up Interest Rate Roll-up Crediting Period
5.50% 10 Years
    
  Nationwide Lifetime Income Rider Plus Max's Lifetime Withdrawal Percentages* Joint Option for the Nationwide Lifetime Income Rider Plus Max's Lifetime Withdrawal Percentages*
Contract Owner's Age (at the time of the first Lifetime Withdrawal) Contract Value
Greater Than $0 		Once Contract Value
Reaches $0 		Contract Value
Greater Than $0 		Once Contract Value
Reaches $0
50 up to 59½ 4.00% 3.00% 3.75% 3.00%
59½ through 64 5.00% 3.00% 4.75% 3.00%
65 through 69 7.50% 3.00% 7.25% 3.00%
70 through 74 8.00% 3.00% 7.75% 3.00%
75 through 80 8.00% 3.00% 7.75% 3.00%
190

 

  Nationwide Lifetime Income Rider Plus Max's Lifetime Withdrawal Percentages* Joint Option for the Nationwide Lifetime Income Rider Plus Max's Lifetime Withdrawal Percentages*
81 and older 8.00% 3.00% 7.75% 3.00%
*The Lifetime Withdrawal Percentage is determined based on the age of the Contract Owner at the time of the first Lifetime Withdrawal, or if the Joint Option is elected, the age of the younger spouse at the time of the first Lifetime Withdrawal. A Contract Owner will receive the greatest Lifetime Withdrawal Percentage only if he or she does not take a Lifetime Withdrawal prior to age 81.
For contracts with applications signed on or after June 1, 2020 and before November 2, 2020:
Roll-up Interest Rate Roll-up Crediting Period
5% 10 Years
    
  Nationwide Lifetime Income Rider Plus Max's Lifetime Withdrawal Percentages* Joint Option for the Nationwide Lifetime Income Rider Plus Max's Lifetime Withdrawal Percentages*
Contract Owner's Age (at the time of the first Lifetime Withdrawal) Contract Value
Greater Than $0 		Once Contract Value
Reaches $0 		Contract Value
Greater Than $0 		Once Contract Value
Reaches $0
50 up to 59½ 4.00% 3.00% 3.75% 3.00%
59½ through 64 5.00% 3.00% 4.75% 3.00%
65 through 69 7.50% 3.00% 7.25% 3.00%
70 through 74 8.00% 3.00% 7.75% 3.00%
75 through 80 8.00% 3.00% 7.75% 3.00%
81 and older 8.00% 3.00% 7.75% 3.00%
*The Lifetime Withdrawal Percentage is determined based on the age of the Contract Owner at the time of the first Lifetime Withdrawal, or if the Joint Option is elected, the age of the younger spouse at the time of the first Lifetime Withdrawal. A Contract Owner will receive the greatest Lifetime Withdrawal Percentage only if he or she does not take a Lifetime Withdrawal prior to age 81.
7% Nationwide Lifetime Income Rider and Joint Option for the 7% Nationwide Lifetime Income Rider
  For contracts with applications
signed on or after May 1, 2020
and before July 1, 2020
Contract Owner’s Age (at time of first withdrawal) 7% Nationwide Lifetime Income Rider’s Lifetime Withdrawal Percentage* Joint Option for the 7% Nationwide Lifetime Income Rider’s Lifetime Withdrawal Percentage*
50 up to 59½ 3.25% 3.00%
59½ through 64 4.25% 4.00%
65 through 69 5.00% 4.75%
70 through 74 5.10% 4.85%
75 through 80 5.75% 5.50%
81 and older 6.35% 6.10%
* The Lifetime Withdrawal Percentage is determined based on the age of the Contract Owner at the time of the first Lifetime Withdrawal, or if the Joint Option is elected, the age of the younger spouse at the time of the first Lifetime Withdrawal. A Contract Owner will receive the greatest Lifetime Withdrawal Percentage only if he or she does not take a Lifetime Withdrawal prior to age 81.
   
191

 

  For contracts with applications signed on or after October 15, 2019 and before May 1, 2020 For contracts with applications signed on or after August 19, 2019 and before October 15, 2019
Contract Owner’s Age (at time of first withdrawal) 7% Nationwide Lifetime Income Rider’s Lifetime Withdrawal Percentage* Joint Option for the 7% Nationwide Lifetime Income Rider’s Lifetime Withdrawal Percentage* 7% Nationwide Lifetime Income Rider’s Lifetime Withdrawal Percentage* Joint Option for the 7% Nationwide Lifetime Income Rider’s Lifetime Withdrawal Percentage*
50 up to 59½ 3.35% 3.10% 3.35% 3.10%
59½ through 64 4.35% 4.10% 4.50% 4.25%
65 through 69 5.40% 5.15% 5.65% 5.40%
70 through 74 5.50% 5.25% 5.65% 5.40%
75 through 80 5.85% 5.60% 5.85% 5.60%
81 and older 6.35% 6.10% 6.35% 6.10%
* The Lifetime Withdrawal Percentage is determined based on the age of the Contract Owner at the time of the first Lifetime Withdrawal, or if the Joint Option is elected, the age of the younger spouse at the time of the first Lifetime Withdrawal. A Contract Owner will receive the greatest Lifetime Withdrawal Percentage only if he or she does not take a Lifetime Withdrawal prior to age 81.
192

 

7% Nationwide Lifetime Income Rider and Joint Option for the 7% Nationwide Lifetime Income Rider (continued)
  For contracts with applications signed on or after November 5, 2018 and before August 19, 2019 For contracts with applications signed on or after August 13, 2018 and before November 5, 2018 For contracts with applications signed on or after June 1, 2018 and before August 13, 2018
Contract Owner’s Age (at time of first withdrawal) 7% Nationwide Lifetime Income Rider’s Lifetime Withdrawal Percentage* Joint Option for the 7% Nationwide Lifetime Income Rider’s Lifetime Withdrawal Percentage* 7% Nationwide Lifetime Income Rider’s Lifetime Withdrawal Percentage* Joint Option for the 7% Nationwide Lifetime Income Rider’s Lifetime Withdrawal Percentage* 7% Nationwide Lifetime Income Rider’s Lifetime Withdrawal Percentage* Joint Option for the 7% Nationwide Lifetime Income Rider’s Lifetime Withdrawal Percentage*
50 up to 59½ 3.35% 3.10% 3.35% 3.10% 3.35% 3.10%
59½ through 64 4.50% 4.25% 4.50% 4.25% 4.35% 4.10%
65 through 69 5.70% 5.45% 5.60% 5.35% 5.35% 5.10%
70 through 74 5.85% 5.60% 5.70% 5.45% 5.60% 5.35%
75 through 80 6.00% 5.75% 5.85% 5.60% 5.85% 5.60%
81 and older 6.35% 6.10% 6.35% 6.10% 6.35% 6.10%
* The Lifetime Withdrawal Percentage is determined based on the age of the Contract Owner at the time of the first Lifetime Withdrawal, or if the Joint Option is elected, the age of the younger spouse at the time of the first Lifetime Withdrawal. A Contract Owner will receive the greatest Lifetime Withdrawal Percentage only if he or she does not take a Lifetime Withdrawal prior to age 81.
   
  For contracts with applications signed on or after April 1, 2017 and before June 1, 2018 For contracts with applications signed on or after February 1, 2016 and before April 1, 2017 For contracts with applications signed on or after August 1, 2015 and before February 1, 2016
Contract Owner’s Age (at time of first withdrawal) 7% Nationwide Lifetime Income Rider’s Lifetime Withdrawal Percentage* Joint Option for the 7% Nationwide Lifetime Income Rider’s Lifetime Withdrawal Percentage* 7% Nationwide Lifetime Income Rider’s Lifetime Withdrawal Percentage* Joint Option for the 7% Nationwide Lifetime Income Rider’s Lifetime Withdrawal Percentage* 7% Nationwide Lifetime Income Rider’s Lifetime Withdrawal Percentage* Joint Option for the 7% Nationwide Lifetime Income Rider’s Lifetime Withdrawal Percentage*
50 up to 59½ 3.35% 3.10% 3.25% 3.00% 3.15% 3.00%
59½ through 64 4.35% 4.10% 4.25% 4.00% 4.15% 3.90%
65 through 74 5.35% 5.10% 5.25% 5.00% 5.15% 4.90%
75 through 80 5.85% 5.60% 5.75% 5.50% 5.65% 5.40%
81 and older 6.35% 6.10% 6.25% 6.00% 6.15% 5.90%
* The Lifetime Withdrawal Percentage is determined based on the age of the Contract Owner at the time of the first Lifetime Withdrawal, or if the Joint Option is elected, the age of the younger spouse at the time of the first Lifetime Withdrawal. A Contract Owner will receive the greatest Lifetime Withdrawal Percentage only if he or she does not take a Lifetime Withdrawal prior to age 81.
193

 

7% Nationwide Lifetime Income Rider and Joint Option for the 7% Nationwide Lifetime Income Rider (continued)
  For contracts issued on or after January 14, 2013, or the date of state approval (whichever is later) and for contracts with applications signed before August 1, 2015 For contracts issued before January 14, 2013, or the date of state approval (whichever is later)
Contract Owner’s Age (at time of first withdrawal) 7% Nationwide Lifetime Income Rider’s Lifetime Withdrawal Percentage* Joint Option for the 7% Nationwide Lifetime Income Rider’s Lifetime Withdrawal Percentage* 7% Nationwide Lifetime Income Rider’s Lifetime Withdrawal Percentage* Joint Option for the 7% Nationwide Lifetime Income Rider’s Lifetime Withdrawal Percentage*
50 up to 59½ 3.00% 3.00% 3.00% 3.00%
59½ through 64 4.00% 3.75% 4.00% 3.50%
65 through 74 5.00% 4.75% 5.00% 4.50%
75 through 80
81 and older 6.00% 5.75% 6.00% 5.50%
* The Lifetime Withdrawal Percentage is determined based on the age of the Contract Owner at the time of the first Lifetime Withdrawal, or if the Joint Option is elected, the age of the younger spouse at the time of the first Lifetime Withdrawal. A Contract Owner will receive the greatest Lifetime Withdrawal Percentage only if he or she does not take a Lifetime Withdrawal prior to age 81.
Nationwide Lifetime Income Capture option and Joint Option for the Nationwide Lifetime Income Capture option
Lifetime Withdrawal Percentages
  For contracts with applications signed on or after April 1, 2018 and before June 1, 2020 For contracts with applications signed on or after February 1, 2016 and before April 1, 2018
Contract Owner’s Age (at time of first withdrawal) Nationwide Lifetime Income Capture’s Lifetime Withdrawal Percentage* Joint Option for the Nationwide Lifetime Income Capture’s Lifetime Withdrawal Percentage* Nationwide Lifetime Income Capture’s Lifetime Withdrawal Percentage* Joint Option for the Nationwide Lifetime Income Capture’s Lifetime Withdrawal Percentage*
50 up to 59½ 3.35% 3.10% 3.25% 3.00%
59½ through 64 4.35% 4.10% 4.25% 4.00%
65 through 74 5.35% 5.10% 5.25% 5.00%
75 through 80 5.85% 5.60% 5.75% 5.50%
81 and older 6.35% 6.10% 6.25% 6.00%
* The Lifetime Withdrawal Percentage is determined based on the age of the Contract Owner at the time of the first Lifetime Withdrawal, or if the Joint Option is elected, the age of the younger spouse at the time of the first Lifetime Withdrawal. A Contract Owner will receive the greatest Lifetime Withdrawal Percentage only if he or she does not take a Lifetime Withdrawal prior to age 81.
194

 

  For contracts with applications signed on or after August 1, 2015 and before February 1, 2016 For contracts with applications signed before August 1, 2015
Contract Owner’s Age (at time of first withdrawal) Nationwide Lifetime Income Capture’s Lifetime Withdrawal Percentage* Joint Option for the Nationwide Lifetime Income Capture’s Lifetime Withdrawal Percentage* Nationwide Lifetime Income Capture’s Lifetime Withdrawal Percentage* Joint Option for the Nationwide Lifetime Income Capture’s Lifetime Withdrawal Percentage*
50 up to 59½ 3.15% 3.00% 3.00% 3.00%
59½ through 64 4.15% 3.90% 4.00% 3.75%
65 through 74 5.15% 4.90% 5.00% 4.75%
75 through 80 5.65% 5.40% 5.50% 5.25%
81 and older 6.15% 5.90% 6.00% 5.75%
* The Lifetime Withdrawal Percentage is determined based on the age of the Contract Owner at the time of the first Lifetime Withdrawal, or if the Joint Option is elected, the age of the younger spouse at the time of the first Lifetime Withdrawal. A Contract Owner will receive the greatest Lifetime Withdrawal Percentage only if he or she does not take a Lifetime Withdrawal prior to age 81.
Attained Age Lifetime Withdrawal Percentages
  For contracts with applications signed on or after April 1, 2018 and before June 1, 2020 For contracts with applications signed on or after February 1, 2016 and before April 1, 2018
Contract Owner’s Age (at time of first withdrawal) Nationwide Lifetime Income Capture’s Attained Age Lifetime Withdrawal Percentage** Joint Option for the Nationwide Lifetime Income Capture’s Attained Age Lifetime Withdrawal Percentage** Nationwide Lifetime Income Capture’s Attained Age Lifetime Withdrawal Percentage** Joint Option for the Nationwide Lifetime Income Capture’s Attained Age Lifetime Withdrawal Percentage**
50 up to 59½ 3.35% 3.10% 3.25% 3.00%
59½ through 64 4.35% 4.10% 4.25% 4.00%
65 through 74 5.35% 5.10% 5.25% 5.00%
75 through 80 5.85% 5.60% 5.75% 5.50%
81 and older 6.35% 6.10% 6.25% 6.00%
** The Attained Age Lifetime Withdrawal Percentage is determined based on the age of the Contract Owner on the Option Anniversary.
   
  For contracts with applications signed on or after August 1, 2015 and before February 1, 2016 For contracts with applications signed before August 1, 2015
Contract Owner’s Age (at time of first withdrawal) Nationwide Lifetime Income Capture’s Attained Age Lifetime Withdrawal Percentage** Joint Option for the Nationwide Lifetime Income Capture’s Attained Age Lifetime Withdrawal Percentage** Nationwide Lifetime Income Capture’s Attained Age Lifetime Withdrawal Percentage** Joint Option for the Nationwide Lifetime Income Capture’s Attained Age Lifetime Withdrawal Percentage**
50 up to 59½ 3.15% 3.00% 3.00% 3.00%
59½ through 64 4.15% 3.90% 4.00% 3.75%
65 through 74 5.15% 4.90% 5.00% 4.75%
75 through 80 5.65% 5.40% 5.50% 5.25%
81 and older 6.15% 5.90% 6.00% 5.75%
** The Attained Age Lifetime Withdrawal Percentage is determined based on the age of the Contract Owner on the Option Anniversary.
195

STATEMENT OF ADDITIONAL INFORMATION
May 1, 2021
Individual Flexible Premium Deferred Variable Annuity Contracts
Issued by Nationwide Life Insurance Company
through its Nationwide Variable Account-II
This Statement of Additional Information is not a prospectus. It contains information in addition to and more detailed than set forth in the prospectus and should be read in conjunction with the prospectus dated May 1, 2021. The prospectus may be obtained from Nationwide Life Insurance Company by writing P.O. Box 182021, Columbus, Ohio 43218-2021 or calling 1-800-848-6331, TDD 1-800-238-3035. Capitalized terms in this Statement of Additional Information correspond to terms defined in the prospectus.
TABLE OF CONTENTS

 

General Information and History
Nationwide Variable Account-II (the "Variable Account") is a separate investment account of Nationwide Life Insurance Company ("Nationwide"). Nationwide is a stock life insurance company organized under the laws of the State of Ohio in March of 1929 with its Home Office at One Nationwide Plaza, Columbus, Ohio 43215. Nationwide provides life insurance, annuities and retirement products. Nationwide is admitted to do business in all states, the District of Columbia, Guam, the U.S. Virgin Islands, and Puerto Rico. Nationwide is a member of the Nationwide group of companies and all of its common stock is owned by Nationwide Financial Services, Inc. ("NFS"), a holding company. Nationwide Corporation owns all of NFS's common stock and is a holding company, as well. All of Nationwide Corporation's common stock is held by Nationwide Mutual Insurance Company (95.2%) and Nationwide Mutual Fire Insurance Company (4.8%), the ultimate controlling persons of the Nationwide group of companies. The Nationwide group of companies is one of America's largest insurance and financial services family of companies, with combined assets of over $273 billion as of December 31, 2020.
Services
Nationwide, which has responsibility for administration of the contracts and the Variable Account, maintains records of the name, address, taxpayer identification number, and other pertinent information for each Contract Owner, the number and type of contract issued to each Contract Owner, and records with respect to the Contract Value.
The custodian of the assets of the Variable Account is Nationwide. Nationwide will maintain a record of all purchases and redemptions of shares of the underlying mutual funds. Nationwide or its affiliates may have entered into agreements with the underlying mutual funds and/or their affiliates. The agreements relate to services furnished by Nationwide or an affiliate of Nationwide. Some of the services provided include distribution of underlying fund prospectuses, semi-annual and annual fund reports, proxy materials, and fund communications, as well as maintaining the websites and voice response systems necessary for Contract Owners to execute trades in the funds. Nationwide also acts as a limited agent for each underlying mutual fund for purposes of accepting the trades. See Underlying Mutual Fund Service Fee Payments located in the prospectus.
Distribution, Promotional, and Sales Expenses
In addition to or partially in lieu of commission, Nationwide may pay the selling firms a marketing allowance, which is based on the firm's ability and demonstrated willingness to promote and market Nationwide's products. How any marketing allowance is spent is determined by the firm, but generally will be used to finance firm activities that may contribute to the promotion and marketing of Nationwide's products. Nationwide makes certain assumptions about the amount of marketing allowance it will pay and takes these assumptions into consideration when it determines the charges that will be assessed under the contracts. For the contracts described in the prospectus, Nationwide assumed 0.50% (of the purchase payment amount) for the marketing allowance when determining the charges for the contracts. The actual amount of the marketing allowance may be higher or lower than this assumption. If the actual amount of marketing allowance paid is more than what was assumed, Nationwide will fund the difference. Nationwide generally does not profit from any excess marketing allowance if the amount assumed was higher than what is actually paid. Any excess would be spent on additional marketing for the contracts. For more information about marketing allowance or how a particular selling firm uses marketing allowances, consult with your financial professional.
When Nationwide is made aware that a Qualified Plan has been orphaned, commission payments payable with respect to that Qualified Plan will cease and commission payments that would have been due will not be sent to the Qualified Plan. An orphaned Qualified Plan is a plan without an agent or firm of record.
Independent Registered Public Accounting Firm
The financial statements of Nationwide Variable Account-II and the statutory financial statements and schedules of Nationwide Life Insurance Company for the periods indicated have been included herein in reliance upon the reports of KPMG LLP, independent registered public accounting firm, appearing elsewhere herein, and upon the authority of said firm as experts in accounting and auditing. KPMG LLP is located at 191 West Nationwide Blvd., Suite 500, Columbus, Ohio 43215.
The KPMG LLP report dated March 19, 2021 of Nationwide Life Insurance Company includes explanatory language that states that the financial statements are prepared by Nationwide Life Insurance Company using statutory accounting practices prescribed or permitted by the Ohio Department of Insurance, which is a basis of accounting other than U.S.
2

 

generally accepted accounting principles. Accordingly, the KPMG LLP audit report states that the financial statements are not presented fairly in accordance with U.S. generally accepted accounting principles and further states that those statements are presented fairly, in all material respects, in accordance with statutory accounting practices prescribed or permitted by the Ohio Department of Insurance.
Purchase of Securities Being Offered
The contracts will be sold by licensed insurance agents in the states where the contracts may be lawfully sold. Such agents will be registered representatives of broker-dealers registered under the Securities Exchange Act of 1934 who are members of the Financial Industry Regulatory Authority (FINRA).
Underwriters
The contracts, which are offered continuously, are distributed by Nationwide Investment Services Corporation ("NISC"), One Nationwide Plaza, Columbus, Ohio 43215, a wholly owned subsidiary of Nationwide. For contracts issued in Michigan, all references to NISC will mean Nationwide Investment Svcs. Corporation. No underwriting commissions have been paid by Nationwide to NISC for each of this Variable Account's last three fiscal years.
Advertising
Money Market Yields
Nationwide may advertise the "yield" and "effective yield" for the money market Sub-Account. Yield and effective yield are annualized, which means that it is assumed that the underlying mutual fund generates the same level of net income throughout a year.
Yield is a measure of the net dividend and interest income earned over a specific seven-day period (which period will be stated in the advertisement) expressed as a percentage of the offering price of the underlying mutual fund's units. The effective yield is calculated similarly, but reflects assumed compounding, calculated under rules prescribed by the SEC. Thus, effective yield will be slightly higher than yield, due to the compounding.
Historical Performance of the Sub-Accounts
Nationwide will advertise historical performance of the Sub-Accounts in accordance with SEC prescribed calculations. Performance information is annualized. However, if a Sub-Account has been available in the Variable Account for less than one year, the performance information for that Sub-Account is not annualized.
Performance information is based on historical earnings and is not intended to predict or project future results.
Standardized performance will reflect the maximum Variable Account charges possible under the contract. Non-standardized performance, which will be accompanied by standardized performance, will reflect other expense structures contemplated under the contract. The expense assumptions will be stated in the advertisement.
Additional Materials
Nationwide may provide information on various topics to owners and prospective purchasers in advertising, sales literature, or other materials.
Performance Comparisons
Each Sub-Account may, from time to time, include in advertisements the ranking of its performance figures compared with performance figures of other annuity contracts' Sub-Accounts with the same investment objectives which are created by Lipper Analytical Services, Morningstar, Inc. or other recognized ranking services.
Annuity Payments
See Annuitizing the Contract located in the prospectus.
3

 

Condensed Financial Information
The following charts represent the Accumulation Unit values for all fee levels as of December 31, 2020. The term "Period" is defined as a complete calendar year unless otherwise noted. Those periods with an asterisk (*) reflect Accumulation Unit information for a partial year only. The value of an Accumulation Unit is determined on the basis of changes in the per share value of the underlying mutual funds and Variable Account charges which may vary from contract to contract (for more information on the calculation of Accumulation Unit values, see Determining Variable Account Value – Valuing an Accumulation Unit in the prospectus).
The following underlying mutual funds in which the Sub-Accounts invest were added to the Variable Account after December 31, 2020; therefore, no Condensed Financial Information is available:
• Janus Aspen Series - Janus Henderson Balanced Portfolio: Service Shares
• Morgan Stanley Variable Insurance Fund, Inc. - Growth Portfolio: Class II
No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class B - Q/NQ
2020
   13.616642   14.114290   3.65%   2,801
2019
   11.953286   13.616642   13.92%   2,567
2018
   13.052099   11.953286   -8.42%   2,578
2017
   11.549310   13.052099   13.01%   2,495
2016
   11.302851   11.549310   2.18%   2,432
2015
   11.584949   11.302851   -2.44%   2,439
2014
   11.246597   11.584949   3.01%   0
2013
   10.164498   11.246597   10.65%   0
2012*
   10.000000   10.164498   1.64%   0
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B - Q/NQ
2020
   8.850860   8.942506   1.04%   2,431
2019
   7.666634   8.850860   15.45%   2,104
2018*
   10.000000   7.666634   -23.33%   1,315
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class B - Q/NQ
2020
   46.083112   46.944042   1.87%   3,544
2019
   38.881036   46.083112   18.52%   3,359
2018
   46.438955   38.881036   -16.27%   3,390
2017
   41.628464   46.438955   11.56%   3,660
2016
   33.745167   41.628464   23.36%   1,388
2015
   36.198936   33.745167   -6.78%   2,246
2014
   33.613007   36.198936   7.69%   1,823
2013
   24.705828   33.613007   36.05%   1,816
2012
   21.097393   24.705828   17.10%   671
American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II - Q/NQ
2020
   14.984262   16.227156   8.29%   6,103
2019
   13.919413   14.984262   7.65%   6,115
2018
   14.490699   13.919413   -3.94%   6,315
2017
   14.139658   14.490699   2.48%   6,253
2016
   13.702519   14.139658   3.19%   5,964
2015
   14.212713   13.702519   -3.59%   4,226
2014
   13.918761   14.212713   2.11%   4,123
2013
   15.385268   13.918761   -9.53%   3,532
2012
   14.494173   15.385268   6.15%   2,201
4

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class II - Q/NQ
2020
   34.328318   34.310264   -0.05%   115
2019
   26.922118   34.328318   27.51%   220
2018
   31.293423   26.922118   -13.97%   220
2017
   28.399743   31.293423   10.19%   911
2016
   23.410849   28.399743   21.31%   993
2015
   24.063288   23.410849   -2.71%   1,281
2014
   20.942467   24.063288   14.90%   919
2013
   16.309491   20.942467   28.41%   981
2012
   14.196027   16.309491   14.89%   762
American Century Variable Portfolios, Inc. - American Century VP Value Fund: Class II - Q/NQ
2020
   37.351307   37.228468   -0.33%   0
American Funds Insurance Series® - Managed Risk Asset Allocation Fund: Class P2 - Q/NQ
2020
   15.835793   16.574486   4.66%   225,315
2019
   13.577974   15.835793   16.63%   223,716
2018
   14.443915   13.577974   -6.00%   227,557
2017
   12.727275   14.443915   13.49%   244,774
2016
   12.001909   12.727275   6.04%   254,183
2015
   12.273034   12.001909   -2.21%   212,437
2014
   12.064883   12.273034   1.73%   168,689
2013
   10.122148   12.064883   19.19%   107,106
2012*
   10.000000   10.122148   1.22%   12,843
BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III - Q/NQ
2020
   11.874779   12.561333   5.78%   4,542
2019
   10.458541   11.874779   13.54%   4,897
2018
   10.895606   10.458541   -4.01%   4,401
2017
   10.293399   10.895606   5.85%   4,418
2016
   9.229679   10.293399   11.52%   837
2015*
   10.000000   9.229679   -7.70%   0
BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III - Q/NQ
2020
   10.727432   11.509991   7.29%   49,562
2019
   9.942756   10.727432   7.89%   35,999
2018
   10.132159   9.942756   -1.87%   37,595
2017
   9.931291   10.132159   2.02%   32,393
2016
   9.805385   9.931291   1.28%   21,407
2015*
   10.000000   9.805385   -1.95%   1,274
BlackRock Variable Series Funds, Inc. - BlackRock Equity Dividend V.I. Fund: Class III - Q/NQ
2020
   14.893893   15.248256   2.38%   24,755
2019
   11.821013   14.893893   26.00%   23,644
2018
   12.917289   11.821013   -8.49%   24,109
2017
   11.217354   12.917289   15.15%   24,252
2016
   9.777334   11.217354   14.73%   19,567
2015*
   10.000000   9.777334   -2.23%   0
5

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III - Q/NQ
2020
   18.568839   22.156464   19.32%   41,252
2019
   15.952447   18.568839   16.40%   36,731
2018
   17.462522   15.952447   -8.65%   25,148
2017
   15.535481   17.462522   12.40%   21,562
2016
   15.139654   15.535481   2.61%   18,177
2015
   15.470652   15.139654   -2.14%   17,978
2014
   15.353952   15.470652   0.76%   15,083
2013
   13.575527   15.353952   13.10%   7,716
2012
   12.489067   13.575527   8.70%   4,329
BNY Mellon Investment Portfolios - MidCap Stock Portfolio: Service Shares - Q/NQ
2020
   13.431767   14.318976   6.61%   788
2019
   11.337033   13.431767   18.48%   2,142
2018
   13.603470   11.337033   -16.66%   1,983
2017
   11.962136   13.603470   13.72%   2,060
2016
   10.504113   11.962136   13.88%   2,172
2015
   10.900598   10.504113   -3.64%   102
2014*
   10.000000   10.900598   9.01%   0
BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares - Q/NQ
2020
   51.787051   56.636901   9.36%   0
2019
   42.867476   51.787051   20.81%   0
2018
   47.645408   42.867476   -10.03%   0
2017
   42.879658   47.645408   11.11%   0
2016
   34.501040   42.879658   24.29%   0
2015
   35.734867   34.501040   -3.45%   0
2014
   34.389346   35.734867   3.91%   0
2013
   24.723264   34.389346   39.10%   0
2012
   21.609807   24.723264   14.41%   416
BNY Mellon Stock Index Fund, Inc.: Service Shares - Q/NQ
2020
   41.450474   48.231592   16.36%   124
2019
   32.048129   41.450474   29.34%   298
2018
   34.077341   32.048129   -5.95%   309
2017
   28.439917   34.077341   19.82%   795
2016
   25.816234   28.439917   10.16%   839
2015
   25.891724   25.816234   -0.29%   2,323
2014
   23.158254   25.891724   11.80%   2,374
2013
   17.787890   23.158254   30.19%   2,598
2012
   15.583821   17.787890   14.14%   560
BNY Mellon Variable Investment Fund - Appreciation Portfolio: Service Shares - Q/NQ
2020
   37.000972   45.126989   21.96%   0
2019
   27.567342   37.000972   34.22%   0
2018
   30.022263   27.567342   -8.18%   0
2017
   23.912056   30.022263   25.55%   0
2016
   22.473903   23.912056   6.40%   0
2015
   23.369551   22.473903   -3.83%   0
2014
   21.925375   23.369551   6.59%   0
2013
   18.357321   21.925375   19.44%   0
2012
   16.861989   18.357321   8.87%   0
6

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - High Yield Bond Fund: Class 2 - Q/NQ
2020
   11.167608   11.735378   5.08%   0
2019
   9.695584   11.167608   15.18%   0
2018
   10.217584   9.695584   -5.11%   0
2017*
   10.000000   10.217584   2.18%   0
Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class - Q/NQ
2020
   17.541952   16.962775   -3.30%   649
2019
   13.894548   17.541952   26.25%   463
2018
   16.924868   13.894548   -17.90%   0
2017
   15.319916   16.924868   10.48%   0
2016
   11.822522   15.319916   29.58%   0
2015
   12.786348   11.822522   -7.54%   1,562
2014
   12.246999   12.786348   4.40%   1,562
2013*
   10.000000   12.246999   22.47%   1,562
Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class - Q/NQ
2020
   11.292869   11.386181   0.83%   7,918
2019
   10.669004   11.292869   5.85%   7,991
2018
   10.803087   10.669004   -1.24%   6,897
2017
   10.564739   10.803087   2.26%   4,500
2016
   9.809744   10.564739   7.70%   0
2015
   10.023323   9.809744   -2.13%   0
2014
   10.082244   10.023323   -0.58%   0
Fidelity Variable Insurance Products - Emerging Markets Portfolio: Service Class 2 - Q/NQ
2020
   10.540294   13.636299   29.37%   4,136
2019
   8.253444   10.540294   27.71%   0
2018*
   10.000000   8.253444   -17.47%   0
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2 - Q/NQ
2020
   19.379610   21.501624   10.95%   46,448
2019
   16.937448   19.379610   14.42%   51,767
2018
   17.898356   16.937448   -5.37%   55,782
2017
   16.051874   17.898356   11.50%   59,986
2016
   15.431036   16.051874   4.02%   67,106
2015
   15.693791   15.431036   -1.67%   67,206
2014
   15.234807   15.693791   3.01%   50,872
2013
   13.615311   15.234807   11.89%   46,977
2012
   12.344227   13.615311   10.30%   14,233
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class 2 - Q/NQ
2020
   21.172126   24.009621   13.40%   684
2019
   17.866719   21.172126   18.50%   0
2018
   19.245467   17.866719   -7.16%   0
2017
   16.745796   19.245467   14.93%   9,089
2016
   16.011015   16.745796   4.59%   9,073
2015
   16.271976   16.011015   -1.60%   8,975
2014
   15.738060   16.271976   3.39%   8,853
2013
   13.768453   15.738060   14.31%   3,150
2012
   12.318852   13.768453   11.77%   2,986
7

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class 2 - Q/NQ
2020
   23.355635   26.929512   15.30%   620
2019
   19.037076   23.355635   22.68%   187
2018
   20.946970   19.037076   -9.12%   0
2017
   17.556772   20.946970   19.31%   0
2016
   16.696269   17.556772   5.15%   347
2015
   16.980427   16.696269   -1.67%   83
2014
   16.400060   16.980427   3.54%   230
2013
   13.665277   16.400060   20.01%   151
2012
   12.002448   13.665277   13.85%   151
Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2 - Q/NQ
2020
   13.894579   16.773917   20.72%   84,183
2019
   11.325144   13.894579   22.69%   55,822
2018
   11.990118   11.325144   -5.55%   43,983
2017
   10.445752   11.990118   14.78%   29,819
2016*
   10.000000   10.445752   4.46%   0
Fidelity Variable Insurance Products Fund - VIP Contrafund® Portfolio: Service Class 2 - Q/NQ
2020
   47.263088   60.845024   28.74%   72
2019
   36.421946   47.263088   29.77%   0
Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2 - Q/NQ
2020
   14.193962   9.417095   -33.65%   2,239
2019
   13.074633   14.193962   8.56%   1,377
2018
   17.582386   13.074633   -25.64%   1,081
2017
   18.294076   17.582386   -3.89%   1,246
2016
   13.861733   18.294076   31.98%   0
2015
   17.694870   13.861733   -21.66%   0
2014
   20.520501   17.694870   -13.77%   0
2013
   16.721636   20.520501   22.72%   0
2012
   16.151935   16.721636   3.53%   365
Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2 - Q/NQ
2020
   33.550948   35.301156   5.22%   15,901
2019
   26.702890   33.550948   25.65%   11,970
2018
   29.536986   26.702890   -9.60%   13,598
2017
   26.524303   29.536986   11.36%   13,914
2016
   22.795194   26.524303   16.36%   13,372
2015
   24.081035   22.795194   -5.34%   17,140
2014
   22.456933   24.081035   7.23%   17,071
2013
   17.772487   22.456933   26.36%   17,045
2012
   15.360050   17.772487   15.71%   7,812
Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2 - Q/NQ
2020
   14.952439   15.902912   6.36%   72,147
2019
   11.664359   14.952439   28.19%   42,033
2018
   12.995431   11.664359   -10.24%   31,563
2017
   11.273485   12.995431   15.27%   22,147
2016*
   10.000000   11.273485   12.73%   755
8

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2 - Q/NQ
2020
   47.266231   67.070657   41.90%   5,667
2019
   35.689890   47.266231   32.44%   3,628
2018
   36.264168   35.689890   -1.58%   4,428
2017
   27.210940   36.264168   33.27%   4,962
2016
   27.376076   27.210940   -0.60%   4,098
2015
   25.905931   27.376076   5.67%   6,041
2014
   23.607433   25.905931   9.74%   6,076
2013
   17.560229   23.607433   34.44%   6,262
2012
   15.528478   17.560229   13.08%   3,437
Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2 - Q/NQ
2020
   16.198752   17.479763   7.91%   81,395
2019
   14.978593   16.198752   8.15%   53,747
2018
   15.274047   14.978593   -1.93%   44,703
2017
   14.858137   15.274047   2.80%   32,856
2016
   14.386323   14.858137   3.28%   8,252
2015
   14.678405   14.386323   -1.99%   7,870
2014
   14.059340   14.678405   4.40%   7,895
2013
   14.523213   14.059340   -3.19%   7,891
2012
   13.912926   14.523213   4.39%   2,764
Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2 - Q/NQ
2020
   50.701790   59.073635   16.51%   1,727
2019
   41.642186   50.701790   21.76%   1,773
2018
   49.431752   41.642186   -15.76%   2,304
2017
   41.485406   49.431752   19.15%   2,474
2016
   37.495992   41.485406   10.64%   2,646
2015
   38.560249   37.495992   -2.76%   2,695
2014
   36.789783   38.560249   4.81%   2,956
2013
   27.392178   36.789783   34.31%   2,968
2012
   24.189033   27.392178   13.24%   1,177
Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class 2 - Q/NQ
2020
   29.881564   34.067124   14.01%   440
2019
   23.709025   29.881564   26.03%   474
2018
   28.238290   23.709025   -16.04%   881
2017
   21.975804   28.238290   28.50%   1,072
2016
   23.467075   21.975804   -6.35%   1,187
2015
   22.982464   23.467075   2.11%   1,673
Fidelity Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class 2 - Q/NQ
2020
   14.083572   12.976251   -7.86%   0
2019
   11.588046   14.083572   21.54%   0
2018
   12.532586   11.588046   -7.54%   0
2017
   12.217219   12.532586   2.58%   0
9

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2 - Q/NQ
2020
   15.540316   17.165543   10.46%   14,647
2019
   13.116311   15.540316   18.48%   15,493
2018
   14.686860   13.116311   -10.69%   7,490
2017
   13.267937   14.686860   10.69%   2,837
2016
   11.858820   13.267937   11.88%   2,946
2015
   12.791557   11.858820   -7.29%   6,645
2014
   12.582030   12.791557   1.67%   6,101
2013
   10.283833   12.582030   22.35%   6,264
2012
   9.020633   10.283833   14.00%   985
Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2 - Q/NQ
2020
   18.951450   18.863464   -0.46%   9,623
2019
   16.519149   18.951450   14.72%   21,797
2018
   17.464056   16.519149   -5.41%   22,189
2017
   16.108477   17.464056   8.42%   24,775
2016
   14.291261   16.108477   12.72%   23,239
2015
   15.554820   14.291261   -8.12%   23,042
2014
   15.041481   15.554820   3.41%   24,304
2013
   13.354649   15.041481   12.63%   24,686
2012
   11.992969   13.354649   11.35%   12,723
Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2 - Q/NQ
2020
   46.933333   48.800905   3.98%   189
2019
   37.578202   46.933333   24.90%   165
2018
   43.636823   37.578202   -13.88%   354
2017
   39.893682   43.636823   9.38%   391
2016
   30.998703   39.893682   28.69%   417
2015
   33.860639   30.998703   -8.45%   480
2014
   34.060063   33.860639   -0.59%   475
2013
   25.291090   34.060063   34.67%   456
2012
   21.612003   25.291090   17.02%   313
Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2 - Q/NQ
2020
   9.685128   9.068134   -6.37%   9,586
2019
   9.604466   9.685128   0.84%   9,100
2018
   9.532101   9.604466   0.76%   8,392
2017
   9.460508   9.532101   0.76%   8,341
2016
   9.297078   9.460508   1.76%   1,976
2015
   9.828317   9.297078   -5.41%   1,976
2014
   9.763677   9.828317   0.66%   2,773
Goldman Sachs Variable Insurance Trust - Goldman Sachs Global Trends Allocation Fund: Service Shares - Q/NQ
2020
   13.260099   13.646781   2.92%   0
2019
   11.983907   13.260099   10.65%   0
2018
   12.673601   11.983907   -5.44%   910
2017
   11.334512   12.673601   11.81%   905
2016
   10.989354   11.334512   3.14%   0
2015
   11.803858   10.989354   -6.90%   0
2014
   11.487935   11.803858   2.75%   0
2013
   10.233283   11.487935   12.26%   0
2012*
   10.000000   10.233283   2.33%   0
10

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares - Q/NQ
2020
   10.128138   10.684400   5.49%   0
2019
   9.415354   10.128138   7.57%   0
2018*
   10.000000   9.415354   -5.85%   0
Guggenheim Variable Fund - Multi-Hedge Strategies - Q/NQ
2020
   10.144676   10.768903   6.15%   0
2019
   9.772763   10.144676   3.81%   0
2018
   10.415636   9.772763   -6.17%   0
2017
   10.163024   10.415636   2.49%   0
2016
   10.330904   10.163024   -1.63%   0
2015
   10.261380   10.330904   0.68%   3,241
2014
   9.918609   10.261380   3.46%   2,205
2013*
   10.000000   9.918609   -0.81%   2,279
Invesco - Invesco V.I. Global Fund: Series II - Q/NQ
2020
   47.212400   59.427634   25.87%   2,859
2019
   36.333309   47.212400   29.94%   3,637
2018
   42.442950   36.333309   -14.39%   3,746
2017
   31.495987   42.442950   34.76%   3,738
2016
   31.911521   31.495987   -1.30%   4,176
2015
   31.139232   31.911521   2.48%   6,175
2014
   30.866879   31.139232   0.88%   4,998
Invesco - Invesco V.I. Main Street Fund: Series II - Q/NQ
2020
   37.503296   42.148527   12.39%   1,557
2019
   28.799363   37.503296   30.22%   1,574
2018
   31.703444   28.799363   -9.16%   1,600
2017
   27.496938   31.703444   15.30%   1,603
2016
   24.992254   27.496938   10.02%   282
2015
   24.521168   24.992254   1.92%   630
2014
   22.469491   24.521168   9.13%   645
2013
   17.293862   22.469491   29.93%   708
2012
   15.003542   17.293862   15.27%   427
Invesco - Invesco V.I. Main Street Mid Cap Fund: Series II Shares - Q/NQ
2020
   16.888278   18.186548   7.69%   340
2019
   13.663723   16.888278   23.60%   350
2018
   15.637469   13.663723   -12.62%   362
2017
   13.797174   15.637469   13.34%   369
2016
   12.333799   13.797174   11.86%   385
2015
   13.035277   12.333799   -5.38%   401
2014
   12.659081   13.035277   2.97%   393
2013
   9.968791   12.659081   26.99%   405
2012*
   10.000000   9.968791   -0.31%   0
11

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Invesco - Invesco V.I. Main Street Small Cap Fund: Series II - Q/NQ
2020
   49.825481   58.923665   18.26%   822
2019
   39.961755   49.825481   24.68%   1,014
2018
   45.191918   39.961755   -11.57%   1,003
2017
   40.133466   45.191918   12.60%   1,061
2016
   34.501906   40.133466   16.32%   1,181
2015
   37.168245   34.501906   -7.17%   1,099
2014
   33.675868   37.168245   10.37%   1,100
2013
   24.226087   33.675868   39.01%   1,131
2012
   20.828212   24.226087   16.31%   0
Invesco Oppenheimer V.I. International Growth Fund: Series II - Q/NQ
2020
   11.142865   13.332437   19.65%   4,535
2019
   8.809953   11.142865   26.48%   4,310
2018
   11.079236   8.809953   -20.48%   4,148
2017
   8.863738   11.079236   25.00%   4,148
2016
   9.216847   8.863738   -3.83%   0
2015
   9.043192   9.216847   1.92%   0
2014*
   10.000000   9.043192   -9.57%   0
Ivy Variable Insurance Portfolios - Asset Strategy: Class II - Q/NQ
2020
   18.326673   20.630009   12.57%   6,294
2019
   15.224312   18.326673   20.38%   6,329
2018
   16.288345   15.224312   -6.53%   6,405
2017
   13.931596   16.288345   16.92%   9,028
2016
   14.464707   13.931596   -3.69%   9,275
2015
   15.965561   14.464707   -9.40%   10,026
2014
   17.048949   15.965561   -6.35%   4,490
2013
   13.783255   17.048949   23.69%   1,808
2012
   11.700313   13.783255   17.80%   484
Ivy Variable Insurance Portfolios - High Income: Class II - Q/NQ
2020
   14.180108   14.861945   4.81%   5,669
2019
   12.901090   14.180108   9.91%   5,975
2018
   13.334010   12.901090   -3.25%   5,994
2017
   12.644255   13.334010   5.46%   6,541
2016
   11.008964   12.644255   14.85%   3,860
2015
   11.911916   11.008964   -7.58%   3,273
2014
   11.825257   11.911916   0.73%   4,004
2013
   10.826150   11.825257   9.23%   3,112
2012*
   10.000000   10.826150   8.26%   595
Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II - Q/NQ
2020
   22.785994   33.561355   47.29%   7,833
2019
   16.710824   22.785994   36.35%   6,342
2018
   16.916186   16.710824   -1.21%   779
2017
   13.485385   16.916186   25.44%   160
2016
   12.855627   13.485385   4.90%   174
2015
   13.803004   12.855627   -6.86%   2,117
2014
   12.944900   13.803004   6.63%   2,129
2013
   10.078253   12.944900   28.44%   2,264
2012*
   10.000000   10.078253   0.78%   0
12

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares - Q/NQ
2020
   10.659357   11.616936   8.98%   3,755
2019
   9.867861   10.659357   8.02%   601
2018
   10.113382   9.867861   -2.43%   0
2017
   9.898828   10.113382   2.17%   0
2016
   9.796037   9.898828   1.05%   0
2015*
   10.000000   9.796037   -2.04%   1,273
Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares - Q/NQ
2020
   60.185942   82.717557   37.44%   55
2019
   44.490404   60.185942   35.28%   150
2018
   44.250304   44.490404   0.54%   165
2017
   34.434579   44.250304   28.51%   168
2016
   34.170332   34.434579   0.77%   358
2015
   30.881449   34.170332   10.65%   1,224
2014
   28.801846   30.881449   7.22%   1,209
2013
   22.261226   28.801846   29.38%   1,401
2012
   18.182690   22.261226   22.43%   1,058
Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares - Q/NQ
2020
   34.346541   51.175347   49.00%   182
2019
   23.992662   34.346541   43.15%   271
2018
   24.054667   23.992662   -0.26%   445
2017
   16.791786   24.054667   43.25%   475
2016
   14.919967   16.791786   12.55%   503
2015
   14.423477   14.919967   3.44%   0
2014
   13.343943   14.423477   8.09%   0
2013
   9.970499   13.343943   33.83%   0
2012*
   10.000000   9.970499   -0.30%   621
Janus Aspen Series - Janus Henderson Overseas Portfolio: Service Shares - Q/NQ
2020
   34.737209   39.839522   14.69%   0
2019
   27.734388   34.737209   25.25%   0
2018
   33.063601   27.734388   -16.12%   0
2017
   25.570288   33.063601   29.30%   0
2016
   27.726728   25.570288   -7.78%   0
2015
   30.757342   27.726728   -9.85%   0
2014
   35.398964   30.757342   -13.11%   0
2013
   31.335568   35.398964   12.97%   0
2012
   28.009135   31.335568   11.88%   0
JPMorgan Insurance Trust - JPMorgan Insurance Trust Core Bond Portfolio: Class 2 - Q/NQ
2020
   9.957349   10.598926   6.44%   8,024
2019*
   10.000000   9.957349   -0.43%   0
13

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares - Q/NQ
2020
   10.410153   10.159222   -2.41%   9,336
2019
   8.914065   10.410153   16.78%   8,903
2018
   11.073198   8.914065   -19.50%   6,929
2017
   8.763183   11.073198   26.36%   4,996
2016
   7.339677   8.763183   19.39%   0
2015
   9.287866   7.339677   -20.98%   0
2014
   9.852806   9.287866   -5.73%   0
Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC - Q/NQ
2020
   10.746985   11.412375   6.19%   0
2019
   10.028624   10.746985   7.16%   0
2018
   10.251171   10.028624   -2.17%   0
2017
   9.984326   10.251171   2.67%   0
2016*
   10.000000   9.984326   -0.16%   0
MFS® Variable Insurance Trust - MFS New Discovery Series: Service Class - Q/NQ
2020
   23.035041   33.149983   43.91%   7,068
2019
   16.494780   23.035041   39.65%   7,364
2018
   16.979338   16.494780   -2.85%   1,707
2017
   13.596154   16.979338   24.88%   1,781
2016
   12.641599   13.596154   7.55%   1,931
2015
   13.069092   12.641599   -3.27%   1,982
2014
   14.292266   13.069092   -8.56%   1,958
2013
   10.238380   14.292266   39.59%   2,320
2012*
   10.000000   10.238380   2.38%   3,444
MFS® Variable Insurance Trust - MFS Value Series: Service Class - Q/NQ
2020
   42.002548   42.856683   2.03%   4,849
2019
   32.810230   42.002548   28.02%   3,910
2018
   37.029118   32.810230   -11.39%   3,695
2017
   31.920916   37.029118   16.00%   6,150
2016
   28.381463   31.920916   12.47%   6,018
2015
   28.982349   28.381463   -2.07%   4,486
2014
   26.605168   28.982349   8.94%   4,272
2013
   19.849130   26.605168   34.04%   2,888
2012
   17.328416   19.849130   14.55%   2,183
MFS® Variable Insurance Trust II - MFS International Growth Portfolio: Service Class - Q/NQ
2020
   10.869008   12.409437   14.17%   0
2019*
   10.000000   10.869008   8.69%   0
MFS® Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Service Class - Q/NQ
2020
   22.636626   26.897778   18.82%   6,565
2019
   18.224748   22.636626   24.21%   6,508
2018
   20.424056   18.224748   -10.77%   5,222
2017
   16.291646   20.424056   25.37%   7,706
2016
   15.871014   16.291646   2.65%   8,326
2015
   15.101235   15.871014   5.10%   7,304
2014
   15.105813   15.101235   -0.03%   7,453
2013
   11.972877   15.105813   26.17%   5,386
2012
   10.447976   11.972877   14.60%   3,185
14

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
MFS® Variable Insurance Trust II - MFS Research International Portfolio: Service Class - Q/NQ
2020*
   10.000000   13.335879   33.36%   0
MFS® Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Service Class - Q/NQ
2020*
   10.000000   13.648669   36.49%   1,671
Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II - Q/NQ
2020
   11.981062   11.673251   -2.57%   1,489
2019
   9.478930   11.981062   26.40%   1,562
2018
   10.411184   9.478930   -8.95%   1,937
2017
   9.358081   10.411184   11.25%   1,912
2016
   8.234226   9.358081   13.65%   0
2015*
   10.000000   8.234226   -17.66%   0
Mutual Fund and Variable Insurance Trust - Rational Insider Buying VA Fund - Q/NQ
2020
   22.265335   25.120716   12.82%   0
2019
   18.164537   22.265335   22.58%   0
2018
   19.798859   18.164537   -8.25%   0
2017
   17.042865   19.798859   16.17%   0
2016
   15.531504   17.042865   9.73%   0
2015
   16.925236   15.531504   -8.23%   1,436
2014
   17.482977   16.925236   -3.19%   1,408
2013
   13.406784   17.482977   30.40%   1,332
2012
   11.060501   13.406784   21.21%   0
Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class II - Q/NQ
2020
   13.916383   20.738796   49.02%   3,999
2019
   10.598109   13.916383   31.31%   1,760
2018
   12.867017   10.598109   -17.63%   1,817
2017
   10.368566   12.867017   24.10%   1,732
2016
   10.754701   10.368566   -3.59%   1,763
2015
   10.951496   10.754701   -1.80%   1,686
2014
   11.230744   10.951496   -2.49%   1,609
2013
   9.383592   11.230744   19.68%   1,001
2012
   8.217612   9.383592   14.19%   870
Nationwide Variable Insurance Trust - NVIT American Funds Asset Allocation Fund: Class II - Q/NQ
2020
   20.537919   22.737424   10.71%   284,523
2019
   17.201856   20.537919   19.39%   291,403
2018
   18.315015   17.201856   -6.08%   278,091
2017
   16.000522   18.315015   14.47%   265,551
2016
   14.849732   16.000522   7.75%   259,596
2015
   14.876089   14.849732   -0.18%   253,744
2014
   14.333814   14.876089   3.78%   239,250
2013
   11.761815   14.333814   21.87%   153,249
2012
   10.282856   11.761815   14.38%   64,269
15

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT American Funds Bond Fund: Class II - Q/NQ
2020
   12.840362   13.861167   7.95%   435,537
2019
   11.919041   12.840362   7.73%   406,793
2018
   12.189307   11.919041   -2.22%   405,084
2017
   11.947024   12.189307   2.03%   368,054
2016
   11.773591   11.947024   1.47%   302,170
2015
   11.938142   11.773591   -1.38%   282,107
2014
   11.504300   11.938142   3.77%   263,056
2013
   11.945598   11.504300   -3.69%   177,084
2012
   11.513086   11.945598   3.76%   59,488
Nationwide Variable Insurance Trust - NVIT American Funds Global Growth Fund: Class II - Q/NQ
2020
   25.343648   32.550400   28.44%   1,901
2019
   19.022635   25.343648   33.23%   2,902
2018
   21.247212   19.022635   -10.47%   2,588
2017
   16.411534   21.247212   29.47%   2,146
2016
   16.570921   16.411534   -0.96%   2,386
2015
   15.734209   16.570921   5.32%   1,157
2014
   15.630348   15.734209   0.66%   1,204
2013
   12.291636   15.630348   27.16%   1,225
2012
   10.185364   12.291636   20.68%   0
Nationwide Variable Insurance Trust - NVIT American Funds Growth Fund: Class II - Q/NQ
2020
   27.264896   40.830492   49.75%   19,262
2019
   21.170405   27.264896   28.79%   16,968
2018
   21.559589   21.170405   -1.81%   12,305
2017
   17.065869   21.559589   26.33%   17,253
2016
   15.829159   17.065869   7.81%   12,257
2015
   15.046269   15.829159   5.20%   12,234
2014
   14.085094   15.046269   6.82%   12,733
2013
   10.993629   14.085094   28.12%   12,251
2012
   9.473308   10.993629   16.05%   4,172
Nationwide Variable Insurance Trust - NVIT American Funds Growth-Income Fund: Class II - Q/NQ
2020
   21.666459   24.218265   11.78%   236,461
2019
   17.441755   21.666459   24.22%   245,605
2018
   18.039988   17.441755   -3.32%   246,680
2017
   14.967386   18.039988   20.53%   261,832
2016
   13.629860   14.967386   9.81%   264,864
2015
   13.640203   13.629860   -0.08%   257,847
2014
   12.518558   13.640203   8.96%   255,197
2013
   9.524179   12.518558   31.44%   187,781
2012
   8.230825   9.524179   15.71%   78,174
16

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Amundi Multi Sector Bond Fund: Class I - Q/NQ
2020
   18.002549   18.518012   2.86%   6,901
2019
   16.682451   18.002549   7.91%   11,360
2018
   17.282878   16.682451   -3.47%   11,743
2017
   16.442359   17.282878   5.11%   12,174
2016
   15.309363   16.442359   7.40%   11,989
2015
   15.948421   15.309363   -4.01%   14,047
2014
   15.530801   15.948421   2.69%   13,406
2013
   15.890146   15.530801   -2.26%   13,340
2012
   14.321138   15.890146   10.96%   2,947
Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class II - Q/NQ
2020
   37.736115   41.052172   8.79%   1,239
2019
   29.588011   37.736115   27.54%   0
2018
   30.017386   29.588011   -1.43%   0
2017
   25.253129   30.017386   18.87%   0
2016
   22.981833   25.253129   9.88%   0
2015
   23.096328   22.981833   -0.50%   596
2014
   20.895881   23.096328   10.53%   598
2013
   16.162472   20.895881   29.29%   661
2012
   14.362170   16.162472   12.54%   762
Nationwide Variable Insurance Trust - NVIT BlackRock Equity Dividend Fund: Class II - Q/NQ
2020
   37.340093   38.146295   2.16%   4,624
2019
   29.742341   37.340093   25.55%   1,269
2018
   32.516002   29.742341   -8.53%   1,211
2017
   27.949469   32.516002   16.34%   706
2016
   24.047691   27.949469   16.23%   204
2015
   26.022987   24.047691   -7.59%   495
2014
   24.168378   26.022987   7.67%   466
2013
   18.070541   24.168378   33.74%   514
2012
   15.470175   18.070541   16.81%   0
Nationwide Variable Insurance Trust - NVIT BlackRock Managed Global Allocation Fund: Class II - Q/NQ
2020
   11.375394   12.880301   13.23%   38,748
2019
   10.011497   11.375394   13.62%   32,468
2018
   11.066013   10.011497   -9.53%   32,371
2017
   9.452026   11.066013   17.08%   27,516
2016
   9.285482   9.452026   1.79%   20,228
2015*
   10.000000   9.285482   -7.15%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class II - Q/NQ
2020
   17.277952   19.224322   11.27%   1,561
2019
   14.100444   17.277952   22.53%   1,456
2018
   15.982846   14.100444   -11.78%   900
2017
   13.496191   15.982846   18.42%   788
2016
   12.599046   13.496191   7.12%   667
2015
   12.973144   12.599046   -2.88%   474
2014
   12.559301   12.973144   3.30%   476
2013
   9.812976   12.559301   27.99%   427
2012
   8.546808   9.812976   14.81%   0
17

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II - Q/NQ
2020
   15.505293   16.810630   8.42%   251,599
2019
   13.501284   15.505293   14.84%   273,754
2018
   14.567286   13.501284   -7.32%   277,015
2017
   13.151370   14.567286   10.77%   283,629
2016
   12.538101   13.151370   4.89%   304,470
2015
   12.819763   12.538101   -2.20%   317,243
2014
   12.434537   12.819763   3.10%   326,004
2013
   10.971118   12.434537   13.34%   294,275
2012
   9.993661   10.971118   9.78%   154,511
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class II - Q/NQ
2020
   16.698321   18.399049   10.19%   0
2019
   14.049013   16.698321   18.86%   0
2018
   15.476198   14.049013   -9.22%   0
2017
   13.518988   15.476198   14.48%   0
2016
   12.742843   13.518988   6.09%   0
2015
   13.064675   12.742843   -2.46%   0
2014
   12.623676   13.064675   3.49%   0
2013
   10.532766   12.623676   19.85%   0
2012
   9.376385   10.532766   12.33%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II - Q/NQ
2020
   13.579727   14.442807   6.36%   105,923
2019
   12.413160   13.579727   9.40%   95,669
2018
   12.894265   12.413160   -3.73%   102,737
2017
   12.264060   12.894265   5.14%   88,116
2016
   11.859292   12.264060   3.41%   90,698
2015
   12.085949   11.859292   -1.88%   92,360
2014
   11.831794   12.085949   2.15%   90,628
2013
   11.406770   11.831794   3.73%   86,063
2012
   10.734806   11.406770   6.26%   39,947
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II - Q/NQ
2020
   12.690394   13.176917   3.83%   35,922
2019
   11.275995   12.690394   12.54%   36,030
2018
   12.268198   11.275995   -8.09%   37,436
2017
   10.813782   12.268198   13.45%   40,367
2016
   10.363390   10.813782   4.35%   32,942
2015
   10.954322   10.363390   -5.39%   27,231
2014
   10.836834   10.954322   1.08%   26,842
2013*
   10.000000   10.836834   8.37%   1,030
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II - Q/NQ
2020
   13.202086   14.010680   6.12%   163,375
2019
   11.571843   13.202086   14.09%   144,287
2018
   12.598315   11.571843   -8.15%   149,540
2017
   10.819573   12.598315   16.44%   149,269
2016
   10.304924   10.819573   4.99%   149,618
2015
   10.959248   10.304924   -5.97%   157,450
2014
   10.975511   10.959248   -0.15%   140,367
2013*
   10.000000   10.975511   9.76%   29,604
18

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II - Q/NQ
2020
   16.154317   17.675534   9.42%   197,599
2019
   13.832436   16.154317   16.79%   219,283
2018
   15.061604   13.832436   -8.16%   226,062
2017
   13.368844   15.061604   12.66%   239,635
2016
   12.670096   13.368844   5.51%   244,002
2015
   12.955579   12.670096   -2.20%   249,097
2014
   12.533509   12.955579   3.37%   245,417
2013
   10.762993   12.533509   16.45%   228,117
2012
   9.689863   10.762993   11.07%   7,946
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class II - Q/NQ
2020
   16.972912   18.834699   10.97%   0
2019
   14.047477   16.972912   20.83%   0
2018
   15.704238   14.047477   -10.55%   0
2017
   13.455170   15.704238   16.72%   0
2016
   12.650899   13.455170   6.36%   0
2015
   12.993982   12.650899   -2.64%   0
2014
   12.571666   12.993982   3.36%   0
2013
   10.233532   12.571666   22.85%   0
2012
   9.035018   10.233532   13.27%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II - Q/NQ
2020
   14.961128   16.128251   7.80%   82,494
2019
   13.241451   14.961128   12.99%   86,130
2018
   14.066362   13.241451   -5.86%   113,537
2017
   12.949443   14.066362   8.63%   118,585
2016
   12.358450   12.949443   4.78%   170,004
2015
   12.636825   12.358450   -2.20%   228,104
2014
   12.282434   12.636825   2.89%   234,438
2013
   11.169980   12.282434   9.96%   226,965
2012
   10.268845   11.169980   8.78%   169,646
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class I - Q/NQ
2020
   16.004261   16.639639   3.97%   8,028
2019
   14.393241   16.004261   11.19%   10,921
2018
   17.271425   14.393241   -16.66%   11,389
2017
   14.237352   17.271425   21.31%   11,070
2016
   14.243671   14.237352   -0.04%   4,461
2015
   14.994609   14.243671   -5.01%   5,105
2014
   16.514477   14.994609   -9.20%   4,861
2013
   13.911205   16.514477   18.71%   4,480
2012
   11.770571   13.911205   18.19%   1,691
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class Z - Q/NQ
2020*
   10.000000   11.754163   17.54%   8,665
19

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class II - Q/NQ
2020
   13.766734   14.529997   5.54%   1,764
2019
   12.812523   13.766734   7.45%   1,685
2018
   13.052192   12.812523   -1.84%   1,806
2017
   12.673918   13.052192   2.98%   1,706
2016
   12.209832   12.673918   3.80%   1,599
2015
   12.461605   12.209832   -2.02%   0
2014
   12.043098   12.461605   3.48%   0
2013
   12.448172   12.043098   -3.25%   0
2012
   11.716609   12.448172   6.24%   0
Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class II - Q/NQ
2020
   14.683495   15.826766   7.79%   1,546
2019
   13.553996   14.683495   8.33%   1,572
2018
   13.914804   13.553996   -2.59%   1,642
2017
   13.565257   13.914804   2.58%   1,694
2016
   13.279654   13.565257   2.15%   1,598
2015
   13.503984   13.279654   -1.66%   3,793
2014
   13.025248   13.503984   3.68%   3,693
2013
   13.452380   13.025248   -3.18%   3,688
2012
   12.704929   13.452380   5.88%   2,670
Nationwide Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class II - Q/NQ
2020
   10.646588   10.917976   2.55%   14,667
2019
   10.104953   10.646588   5.36%   5,107
2018*
   10.000000   10.104953   1.05%   2,034
Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class II - Q/NQ
2020
   38.442305   42.939353   11.70%   2,109
2019
   31.703841   38.442305   21.25%   1,130
2018
   38.951753   31.703841   -18.61%   1,154
2017
   27.901948   38.951753   39.60%   1,079
2016
   26.261721   27.901948   6.25%   1,234
2015
   31.715737   26.261721   -17.20%   1,228
2014
   34.035014   31.715737   -6.81%   1,051
Nationwide Variable Insurance Trust - NVIT Federated High Income Bond Fund: Class I - Q/NQ
2020
   26.245827   27.504636   4.80%   2,124
2019
   23.140168   26.245827   13.42%   2,051
2018
   24.134655   23.140168   -4.12%   2,151
2017
   22.869387   24.134655   5.53%   2,437
2016
   20.265831   22.869387   12.85%   2,592
2015
   21.050455   20.265831   -3.73%   2,203
2014
   20.765745   21.050455   1.37%   2,616
20

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I - Q/NQ
2020
   13.897420   14.573216   4.86%   3,625
2019
   13.229560   13.897420   5.05%   2,872
2018
   13.390741   13.229560   -1.20%   2,599
2017
   13.269527   13.390741   0.91%   2,498
2016
   13.324658   13.269527   -0.41%   2,297
2015
   13.494346   13.324658   -1.26%   19,541
2014
   13.054852   13.494346   3.37%   20,376
2013
   13.764967   13.054852   -5.16%   20,560
2012
   13.512438   13.764967   1.87%   36,608
Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I - Q/NQ
2020
   9.919066   9.828863   -0.91%   48,847
2019
   9.858834   9.919066   0.61%   19,823
2018
   9.837354   9.858834   0.22%   25,731
2017
   9.909723   9.837354   -0.73%   31,883
2016
   10.023926   9.909723   -1.14%   26,927
2015
   10.140543   10.023926   -1.15%   10,570
2014
   10.258510   10.140543   -1.15%   10,710
2013
   10.377853   10.258510   -1.15%   9,934
2012
   10.498914   10.377853   -1.15%   23,076
Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II - Q/NQ
2020
   10.684210   11.373001   6.45%   663
2019
   9.089393   10.684210   17.55%   638
2018
   10.793413   9.089393   -15.79%   598
2017
   8.592293   10.793413   25.62%   585
2016
   8.637247   8.592293   -0.52%   651
2015
   9.028520   8.637247   -4.33%   644
2014
   9.199775   9.028520   -1.86%   609
2013
   7.916447   9.199775   16.21%   613
2012
   6.950462   7.916447   13.90%   0
Nationwide Variable Insurance Trust - NVIT International Index Fund: Class VIII - Q/NQ
2020
   12.085909   12.798386   5.90%   1,801
2019
   10.087724   12.085909   19.81%   0
2018
   11.884646   10.087724   -15.12%   0
2017
   9.660025   11.884646   23.03%   0
2016
   9.721257   9.660025   -0.63%   3,870
2015
   9.972865   9.721257   -2.52%   8,970
2014
   10.754329   9.972865   -7.27%   8,915
2013
   8.990410   10.754329   19.62%   7,304
2012
   7.694006   8.990410   16.85%   0
21

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II - Q/NQ
2020
   34.607305   38.593724   11.52%   0
2019
   28.294948   34.607305   22.31%   183
2018
   31.406973   28.294948   -9.91%   178
2017
   26.827228   31.406973   17.07%   663
2016
   24.791306   26.827228   8.21%   688
2015
   25.332564   24.791306   -2.14%   682
2014
   24.410332   25.332564   3.78%   695
2013
   19.406489   24.410332   25.78%   711
2012
   16.938944   19.406489   14.57%   526
Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II - Q/NQ
2020
   19.143380   20.703191   8.15%   259,140
2019
   16.790251   19.143380   14.01%   280,716
2018
   17.852396   16.790251   -5.95%   276,944
2017
   16.250688   17.852396   9.86%   296,873
2016
   15.464566   16.250688   5.08%   332,172
2015
   15.671697   15.464566   -1.32%   372,424
2014
   15.158944   15.671697   3.38%   373,762
2013
   13.520328   15.158944   12.12%   331,024
2012
   12.504317   13.520328   8.13%   110,493
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II - Q/NQ
2020
   23.320412   25.730639   10.34%   9,749
2019
   19.669523   23.320412   18.56%   4,608
2018
   21.276316   19.669523   -7.55%   4,817
2017
   18.746995   21.276316   13.49%   12,306
2016
   17.602214   18.746995   6.50%   12,525
2015
   17.902199   17.602214   -1.68%   12,621
2014
   17.213315   17.902199   4.00%   13,224
2013
   14.572666   17.213315   18.12%   1,504
2012
   13.133714   14.572666   10.96%   1,485
Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II - Q/NQ
2020
   16.481211   17.385684   5.49%   25,312
2019
   15.221855   16.481211   8.27%   25,981
2018
   15.682719   15.221855   -2.94%   30,966
2017
   15.011613   15.682719   4.47%   31,940
2016
   14.564788   15.011613   3.07%   42,273
2015
   14.695321   14.564788   -0.89%   52,515
2014
   14.309590   14.695321   2.70%   50,388
2013
   13.808862   14.309590   3.63%   34,394
2012
   13.282450   13.808862   3.96%   7,188
22

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II - Q/NQ
2020
   12.687149   13.113162   3.36%   61,190
2019
   11.358351   12.687149   11.70%   93,840
2018
   12.176209   11.358351   -6.72%   94,679
2017
   10.801883   12.176209   12.72%   96,230
2016
   10.337192   10.801883   4.50%   107,652
2015
   10.807752   10.337192   -4.35%   100,715
2014
   10.671417   10.807752   1.28%   94,844
2013*
   10.000000   10.671417   6.71%   65,231
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II - Q/NQ
2020
   13.284778   13.962991   5.11%   59,227
2019
   11.661195   13.284778   13.92%   58,201
2018
   12.557899   11.661195   -7.14%   61,383
2017
   10.861216   12.557899   15.62%   61,515
2016
   10.273175   10.861216   5.72%   63,090
2015
   10.820654   10.273175   -5.06%   73,563
2014
   10.759988   10.820654   0.56%   69,382
2013*
   10.000000   10.759988   7.60%   22,862
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II - Q/NQ
2020
   25.562376   27.882318   9.08%   163,929
2019
   21.962509   25.562376   16.39%   180,879
2018
   23.557485   21.962509   -6.77%   216,947
2017
   21.102865   23.557485   11.63%   221,925
2016
   19.924520   21.102865   5.91%   214,648
2015
   20.224004   19.924520   -1.48%   240,217
2014
   19.451473   20.224004   3.97%   245,215
2013
   16.872314   19.451473   15.29%   233,481
2012
   15.403616   16.872314   9.53%   63,462
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II - Q/NQ
2020
   30.922114   34.334964   11.04%   11,835
2019
   25.677034   30.922114   20.43%   12,987
2018
   28.152661   25.677034   -8.79%   17,189
2017
   24.408297   28.152661   15.34%   18,135
2016
   22.761033   24.408297   7.24%   18,551
2015
   23.195107   22.761033   -1.87%   18,872
2014
   22.356717   23.195107   3.75%   19,617
2013
   18.481146   22.356717   20.97%   1,797
2012
   16.435137   18.481146   12.45%   551
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II - Q/NQ
2020
   20.868550   22.392836   7.30%   24,014
2019
   18.603051   20.868550   12.18%   24,901
2018
   19.550246   18.603051   -4.84%   31,209
2017
   18.109008   19.550246   7.96%   37,712
2016
   17.330765   18.109008   4.49%   46,991
2015
   17.537747   17.330765   -1.18%   57,549
2014
   16.938973   17.537747   3.53%   63,166
2013
   15.508419   16.938973   9.22%   78,665
2012
   14.521734   15.508419   6.79%   45,499
23

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II - Q/NQ
2020
   10.484226   11.102025   5.89%   0
2019*
   10.000000   10.484226   4.84%   0
Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II - Q/NQ
2020
   10.785389   12.341594   14.43%   758
2019*
   10.000000   10.785389   7.85%   0
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund: Class II - Q/NQ
2020
   10.092605   10.127144   0.34%   7,493
2019*
   10.000000   10.092605   0.93%   0
Nationwide Variable Insurance Trust - NVIT J.P. Morgan U.S. Equity Fund: Class II - Q/NQ
2020
   10.968437   13.660774   24.55%   5,879
2019*
   10.000000   10.968437   9.68%   0
Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class II - Q/NQ
2020
   23.724360   30.467353   28.42%   2,168
2019
   18.430804   23.724360   28.72%   2,507
2018
   19.292821   18.430804   -4.47%   2,615
2017
   15.026794   19.292821   28.39%   2,977
2016
   14.904528   15.026794   0.82%   3,140
2015
   14.620369   14.904528   1.94%   3,719
2014
   13.427775   14.620369   8.88%   3,940
2013
   10.106069   13.427775   32.87%   3,014
2012
   8.803074   10.106069   14.80%   2,126
Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II - Q/NQ
2020
   13.266295   14.043728   5.86%   199,318
2019
   11.280690   13.266295   17.60%   152,864
2018
   11.990647   11.280690   -5.92%   132,959
2017
   10.318553   11.990647   16.20%   115,862
2016
   9.616317   10.318553   7.30%   39,416
2015
   9.951825   9.616317   -3.37%   18,495
2014*
   10.000000   9.951825   -0.48%   0
Nationwide Variable Insurance Trust - NVIT Managed American Funds Growth-Income Fund: Class II - Q/NQ
2020
   15.265250   16.143138   5.75%   75,906
2019
   12.659846   15.265250   20.58%   43,984
2018
   13.146444   12.659846   -3.70%   26,135
2017
   10.927974   13.146444   20.30%   20,824
2016
   10.045670   10.927974   8.78%   6,985
2015
   10.148174   10.045670   -1.01%   0
2014*
   10.000000   10.148174   1.48%   0
24

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class II - Q/NQ
2020
   39.759218   46.583948   17.17%   2,513
2019
   29.287812   39.759218   35.75%   2,513
2018
   30.094108   29.287812   -2.68%   2,513
2017
   23.958145   30.094108   25.61%   2,451
2016
   23.456331   23.958145   2.14%   0
2015
   22.637536   23.456331   3.62%   0
2014
   21.094704   22.637536   7.31%   381
2013
   15.658311   21.094704   34.72%   0
2012
   13.376674   15.658311   17.06%   0
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class II - Q/NQ
2020
   30.673154   30.742975   0.23%   1,634
2019
   24.494329   30.673154   25.23%   2,116
2018
   27.373243   24.494329   -10.52%   2,093
2017
   25.536111   27.373243   7.19%   2,186
2016
   21.488963   25.536111   18.83%   634
2015
   22.749450   21.488963   -5.54%   696
2014
   20.375888   22.749450   11.65%   1,054
2013
   15.654684   20.375888   30.16%   1,147
2012
   13.838196   15.654684   13.13%   409
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class Z - Q/NQ
2020*
   10.000000   11.809171   18.09%   7,541
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I - Q/NQ
2020
   50.594527   56.571828   11.81%   2,289
2019
   40.734220   50.594527   24.21%   2,318
2018
   46.505004   40.734220   -12.41%   2,267
2017
   40.632983   46.505004   14.45%   1,884
2016
   34.171304   40.632983   18.91%   1,693
2015
   35.467680   34.171304   -3.66%   2,798
2014
   32.791237   35.467680   8.16%   2,835
2013
   24.932794   32.791237   31.52%   2,851
2012
   21.471749   24.932794   16.12%   990
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II - Q/NQ
2020
   23.251775   22.721296   -2.28%   1,501
2019
   18.993158   23.251775   22.42%   1,437
2018
   22.126129   18.993158   -14.16%   1,427
2017
   19.661842   22.126129   12.53%   1,402
2016
   16.914135   19.661842   16.25%   1,467
2015
   17.619336   16.914135   -4.00%   1,521
2014
   15.231863   17.619336   15.67%   1,576
2013
   11.357084   15.231863   34.12%   1,289
2012
   9.875328   11.357084   15.00%   0
25

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class II - Q/NQ
2020
   37.351687   51.881263   38.90%   302
2019
   27.911829   37.351687   33.82%   328
2018
   30.766229   27.911829   -9.28%   331
2017
   24.969114   30.766229   23.22%   376
2016
   23.375200   24.969114   6.82%   398
2015
   23.522555   23.375200   -0.63%   733
2014
   23.207171   23.522555   1.36%   432
2013
   16.309138   23.207171   42.30%   358
2012
   14.589165   16.309138   11.79%   128
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class II - Q/NQ
2020
   42.049114   43.623480   3.74%   1,398
2019
   35.839508   42.049114   17.33%   388
2018
   43.750345   35.839508   -18.08%   343
2017
   40.695741   43.750345   7.51%   350
2016
   32.773322   40.695741   24.17%   380
2015
   35.379738   32.773322   -7.37%   403
2014
   33.523407   35.379738   5.54%   409
2013
   24.219631   33.523407   38.41%   159
2012
   20.366624   24.219631   18.92%   0
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class II - Q/NQ
2020
   43.763138   52.931037   20.95%   386
2019
   35.317881   43.763138   23.91%   138
2018
   40.991876   35.317881   -13.84%   132
2017
   36.632273   40.991876   11.90%   139
2016
   30.240076   36.632273   21.14%   149
2015
   31.182839   30.240076   -3.02%   150
2014
   31.371196   31.182839   -0.60%   156
2013
   22.579731   31.371196   38.94%   85
2012
   19.824409   22.579731   13.90%   0
Nationwide Variable Insurance Trust - NVIT Neuberger Berman Multi Cap Opportunities Fund: Class II - Q/NQ
2020
   21.370002   23.955048   12.10%   2,255
2019
   16.878142   21.370002   26.61%   2,458
2018
   17.975725   16.878142   -6.11%   2,681
2017
   14.575396   17.975725   23.33%   1,753
2016
   12.985771   14.575396   12.24%   0
2015
   13.295423   12.985771   -2.33%   0
2014
   12.622173   13.295423   5.33%   0
2013
   8.896205   12.622173   41.88%   0
2012
   7.703104   8.896205   15.49%   0
26

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class II - Q/NQ
2020
   22.235572   24.911455   12.03%   286
2019
   17.846014   22.235572   24.60%   318
2018
   19.181710   17.846014   -6.96%   332
2017
   16.393765   19.181710   17.01%   366
2016
   15.061419   16.393765   8.85%   394
2015
   15.300656   15.061419   -1.56%   415
2014
   14.006605   15.300656   9.24%   424
2013
   10.226827   14.006605   36.96%   454
2012
   9.288702   10.226827   10.10%   0
Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class II - Q/NQ
2020
   18.150177   16.919280   -6.78%   3,593
2019
   14.075903   18.150177   28.95%   3,298
2018
   14.842743   14.075903   -5.17%   3,418
2017
   14.145939   14.842743   4.93%   3,452
2016
   13.351815   14.145939   5.95%   3,596
2015
   14.317576   13.351815   -6.75%   4,881
2014
   11.262367   14.317576   27.13%   4,915
2013
   11.093835   11.262367   1.52%   5,146
2012
   9.710185   11.093835   14.25%   2,391
Nationwide Variable Insurance Trust - NVIT S&P 500® Index Fund: Class II - Q/NQ
2020
   20.960197   24.417772   16.50%   7,380
2019
   16.206131   20.960197   29.33%   7,657
2018
   17.235668   16.206131   -5.97%   7,349
2017
   14.382933   17.235668   19.83%   7,626
2016
   13.061331   14.382933   10.12%   8,311
2015
   13.089868   13.061331   -0.22%   15,103
2014
   11.710717   13.089868   11.78%   15,038
2013*
   10.000000   11.710717   17.11%   13,724
Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II - Q/NQ
2020
   10.947917   11.128490   1.65%   12,751
2019
   10.640381   10.947917   2.89%   12,089
2018
   10.677261   10.640381   -0.35%   12,151
2017
   10.633224   10.677261   0.41%   12,177
2016
   10.495092   10.633224   1.32%   11,379
2015
   10.653524   10.495092   -1.49%   10,703
2014
   10.724502   10.653524   -0.66%   10,611
2013
   10.837845   10.724502   -1.05%   8,814
2012
   10.591062   10.837845   2.33%   2,205
Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II - Q/NQ
2020
   17.849018   21.052219   17.95%   1,273
2019
   14.449950   17.849018   23.52%   1,273
2018
   16.489473   14.449950   -12.37%   1,273
2017
   14.609064   16.489473   12.87%   0
2016
   12.226748   14.609064   19.48%   0
2015
   13.003827   12.226748   -5.98%   0
2014
   12.582420   13.003827   3.35%   0
2013*
   10.000000   12.582420   25.82%   0
27

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class II - Q/NQ
2020
   23.700330   37.601303   58.65%   811
2019
   17.521481   23.700330   35.26%   954
2018
   19.070560   17.521481   -8.12%   1,043
2017
   15.128127   19.070560   26.06%   1,206
2016
   14.429845   15.128127   4.84%   1,337
2015
   14.648357   14.429845   -1.49%   1,308
2014
   14.287313   14.648357   2.53%   1,453
2013
   10.427761   14.287313   37.01%   467
2012
   9.201800   10.427761   13.32%   0
Northern Lights Variable Trust - TOPS® Managed Risk Balanced ETF Portfolio: Class 4 - Q/NQ
2020
   12.265405   12.786573   4.25%   0
2019
   10.867647   12.265405   12.86%   0
2018
   11.747500   10.867647   -7.49%   0
2017
   10.779858   11.747500   8.98%   0
2016
   10.305628   10.779858   4.60%   0
2015
   10.947658   10.305628   -5.86%   0
2014
   10.784873   10.947658   1.51%   0
2013
   10.152337   10.784873   6.23%   0
2012*
   10.000000   10.152337   1.52%   0
Northern Lights Variable Trust - TOPS® Managed Risk Growth ETF Portfolio: Class 4 - Q/NQ
2020
   13.101800   13.579266   3.64%   0
2019
   11.363313   13.101800   15.30%   0
2018
   12.645315   11.363313   -10.14%   0
2017
   10.902113   12.645315   15.99%   0
2016
   10.488290   10.902113   3.95%   0
2015
   11.708404   10.488290   -10.42%   0
2014
   11.740821   11.708404   -0.28%   0
2013
   10.271153   11.740821   14.31%   0
2012*
   10.000000   10.271153   2.71%   0
Northern Lights Variable Trust - TOPS® Managed Risk Moderate Growth ETF Portfolio: Class 4 - Q/NQ
2020
   13.084234   13.649020   4.32%   0
2019
   11.422303   13.084234   14.55%   0
2018
   12.508424   11.422303   -8.68%   0
2017
   11.137100   12.508424   12.31%   0
2016
   10.644170   11.137100   4.63%   0
2015
   11.537839   10.644170   -7.75%   0
2014
   11.387543   11.537839   1.32%   0
2013
   10.288820   11.387543   10.68%   0
2012*
   10.000000   10.288820   2.89%   0
28

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor Class - Q/NQ
2020
   12.114771   12.922460   6.67%   2,058
2019
   10.967710   12.114771   10.46%   2,058
2018
   11.735218   10.967710   -6.54%   2,058
2017
   10.470564   11.735218   12.08%   2,058
2016
   9.381376   10.470564   11.61%   2,058
2015
   10.450730   9.381376   -10.23%   7,441
2014
   10.524441   10.450730   -0.70%   7,386
2013
   10.635249   10.524441   -1.04%   7,370
2012*
   10.000000   10.635249   6.35%   0
PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Advisor Class - Q/NQ
2020
   11.480492   12.095168   5.35%   0
2019
   10.129788   11.480492   13.33%   368
2018
   10.767882   10.129788   -5.93%   0
2017
   9.922384   10.767882   8.52%   822
2016
   8.866028   9.922384   11.91%   871
2015
   9.186450   8.866028   -3.49%   0
2014
   9.164602   9.186450   0.24%   0
PIMCO Variable Insurance Trust - International Bond Portfolio (Unhedged): Advisor Class - Q/NQ
2020
   12.296846   13.451471   9.39%   3,054
2019
   11.635048   12.296846   5.69%   3,587
2018
   12.271013   11.635048   -5.18%   3,348
2017
   11.210014   12.271013   9.46%   3,475
2016
   11.020101   11.210014   1.72%   3,443
2015
   12.010066   11.020101   -8.24%   4,987
2014
   12.113330   12.010066   -0.85%   4,790
2013
   13.115558   12.113330   -7.64%   4,649
2012
   12.608799   13.115558   4.02%   2,735
PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class - Q/NQ
2020
   11.807049   12.008521   1.71%   14,437
2019
   11.493435   11.807049   2.73%   13,073
2018
   11.600379   11.493435   -0.92%   16,451
2017
   11.589833   11.600379   0.09%   16,641
2016
   11.573261   11.589833   0.14%   15,517
2015
   11.683511   11.573261   -0.94%   16,578
2014
   11.731651   11.683511   -0.41%   16,692
2013
   11.895761   11.731651   -1.38%   13,642
2012
   11.380137   11.895761   4.53%   3,537
PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class - Q/NQ
2020
   10.421282   10.521932   0.97%   0
2019
   10.265731   10.421282   1.52%   0
2018
   10.239689   10.265731   0.25%   0
2017
   10.125090   10.239689   1.13%   0
2016*
   10.000000   10.125090   1.25%   0
29

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
PIMCO Variable Insurance Trust - Total Return Portfolio: Advisor Class - Q/NQ
2020
   11.834983   12.696924   7.28%   47,154
2019
   11.060480   11.834983   7.00%   46,938
2018
   11.261373   11.060480   -1.78%   52,908
2017
   10.868481   11.261373   3.61%   64,529
2016
   10.717682   10.868481   1.41%   51,361
2015
   10.806099   10.717682   -0.82%   69,350
2014
   10.494450   10.806099   2.97%   68,566
2013
   10.839073   10.494450   -3.18%   65,164
2012
   10.014102   10.839073   8.24%   24,025
Putnam Variable Trust - Putnam VT International Equity Fund: Class IB - Q/NQ
2020
   22.152184   24.545988   10.81%   1,169
2019
   17.905997   22.152184   23.71%   159
2018
   22.396267   17.905997   -20.05%   147
2017
   17.898565   22.396267   25.13%   0
2016
   18.561598   17.898565   -3.57%   0
Putnam Variable Trust - Putnam VT International Value Fund: Class IB - Q/NQ
2020*
   10.000000   13.517494   35.17%   0
Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IB - Q/NQ
2020
   13.147119   13.750009   4.59%   3,336
T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II - Q/NQ
2020
   45.054772   57.572019   27.78%   2,740
2019
   35.434142   45.054772   27.15%   3,118
2018
   35.543945   35.434142   -0.31%   3,251
2017
   28.243797   35.543945   25.85%   3,234
2016
   32.000556   28.243797   -11.74%   1,534
2015
   28.783452   32.000556   11.18%   2,495
2014
   22.189717   28.783452   29.72%   1,541
2013
   14.914208   22.189717   48.78%   1,517
2012
   11.517684   14.914208   29.49%   895
VanEck VIP Trust - Global Resources Fund: Class S - Q/NQ
2020
   5.897768   6.927582   17.46%   4,146
2019
   5.348808   5.897768   10.26%   5,695
2018
   7.560210   5.348808   -29.25%   5,068
2017
   7.801719   7.560210   -3.10%   6,193
2016
   5.503148   7.801719   41.77%   3,208
2015
   8.387716   5.503148   -34.39%   8,007
2014
   10.520797   8.387716   -20.27%   6,384
2013
   9.649712   10.520797   9.03%   5,886
2012*
   10.000000   9.649712   -3.50%   1,363
Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class A - Q/NQ
2020
   10.805477   10.515723   -2.68%   0
2019*
   10.000000   10.805477   8.05%   0
30

 

No Additional Contract Options Elected Total - 1.15%
Variable account charges of the daily net assets of the variable account - 1.15%
Period   Beginning Value   Ending Value   Percentage Change   Units
Wells Fargo Variable Trust - VT Small Cap Growth Fund: Class 2 - Q/NQ
2020
   38.114109   59.447014   55.97%   0
2019
   30.888198   38.114109   23.39%   0
2018
   30.845782   30.888198   0.14%   0
2017
   24.792668   30.845782   24.41%   0
2016
   23.277094   24.792668   6.51%   0
2015
   24.246816   23.277094   -4.00%   0
2014
   24.998295   24.246816   -3.01%   0
2013
   16.833485   24.998295   48.50%   0
2012
   15.787144   16.833485   6.63%   0
31

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class B - Q/NQ
2020
   13.406891   13.868759   3.45%   0
2019
   11.793009   13.406891   13.69%   0
2018
   12.903356   11.793009   -8.61%   0
2017
   11.440758   12.903356   12.78%   0
2016
   11.219242   11.440758   1.97%   0
2015
   11.522572   11.219242   -2.63%   0
2014
   11.208713   11.522572   2.80%   0
2013
   10.150789   11.208713   10.42%   0
2012*
   10.000000   10.150789   1.51%   0
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B - Q/NQ
2020
   8.820984   8.894305   0.83%   2,056
2019
   7.656240   8.820984   15.21%   0
2018*
   10.000000   7.656240   -23.44%   0
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class B - Q/NQ
2020
   44.534694   45.274881   1.66%   3,435
2019
   37.650766   44.534694   18.28%   3,199
2018
   45.061307   37.650766   -16.45%   3,083
2017
   40.475152   45.061307   11.33%   3,047
2016
   32.876571   40.475152   23.11%   2,929
2015
   35.338702   32.876571   -6.97%   3,203
2014
   32.880765   35.338702   7.48%   3,193
2013
   24.216588   32.880765   35.78%   125
2012
   20.721634   24.216588   16.87%   0
American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II - Q/NQ
2020
   14.477123   15.646239   8.08%   26,218
2019
   13.475577   14.477123   7.43%   26,467
2018
   14.057236   13.475577   -4.14%   26,457
2017
   13.744427   14.057236   2.28%   24,703
2016
   13.346432   13.744427   2.98%   6,977
2015
   13.871458   13.346432   -3.78%   9,464
2014
   13.612111   13.871458   1.91%   9,398
2013
   15.076827   13.612111   -9.72%   5,510
2012
   14.232459   15.076827   5.93%   1,334
American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class II - Q/NQ
2020
   33.323731   33.238782   -0.25%   4,807
2019
   26.187234   33.323731   27.25%   5,015
2018
   30.501309   26.187234   -14.14%   5,272
2017
   27.736802   30.501309   9.97%   5,318
2016
   22.910569   27.736802   21.07%   2,477
2015
   23.596828   22.910569   -2.91%   1,934
2014
   20.578136   23.596828   14.67%   271
2013
   16.058213   20.578136   28.15%   298
2012
   14.005712   16.058213   14.65%   237
American Century Variable Portfolios, Inc. - American Century VP Value Fund: Class II - Q/NQ
2020
   36.097539   35.905993   -0.53%   0
32

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
American Funds Insurance Series® - Managed Risk Asset Allocation Fund: Class P2 - Q/NQ
2020
   15.607797   16.302802   4.45%   124,911
2019
   13.409605   15.607797   16.39%   127,449
2018
   14.293896   13.409605   -6.19%   146,237
2017
   12.620533   14.293896   13.26%   149,951
2016
   11.925307   12.620533   5.83%   151,138
2015
   12.219436   11.925307   -2.41%   148,444
2014
   12.036554   12.219436   1.52%   147,141
2013
   10.118850   12.036554   18.95%   110,283
2012*
   10.000000   10.118850   1.19%   7,492
BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III - Q/NQ
2020
   11.763032   12.417955   5.57%   0
2019
   10.381120   11.763032   13.31%   0
2018
   10.836995   10.381120   -4.21%   0
2017
   10.258728   10.836995   5.64%   0
2016
   9.217194   10.258728   11.30%   0
2015*
   10.000000   9.217194   -7.83%   0
BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III - Q/NQ
2020
   10.626490   11.378619   7.08%   0
2019
   9.869171   10.626490   7.67%   0
2018
   10.077667   9.869171   -2.07%   1,267
2017
   9.897857   10.077667   1.82%   1,267
2016
   9.792122   9.897857   1.08%   1,267
2015*
   10.000000   9.792122   -2.08%   0
BlackRock Variable Series Funds, Inc. - BlackRock Equity Dividend V.I. Fund: Class III - Q/NQ
2020
   14.753761   15.074236   2.17%   0
2019
   11.733519   14.753761   25.74%   0
2018
   12.847824   11.733519   -8.67%   0
2017
   11.179574   12.847824   14.92%   0
2016
   9.764095   11.179574   14.50%   0
2015*
   10.000000   9.764095   -2.36%   0
BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III - Q/NQ
2020
   18.171972   21.639072   19.08%   30,984
2019
   15.643143   18.171972   16.17%   31,667
2018
   17.158871   15.643143   -8.83%   46,240
2017
   15.296183   17.158871   12.18%   44,413
2016
   14.936588   15.296183   2.41%   39,701
2015
   15.294106   14.936588   -2.34%   43,386
2014
   15.209523   15.294106   0.56%   43,722
2013
   13.475079   15.209523   12.87%   33,397
2012
   12.421855   13.475079   8.48%   4,189
33

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
BNY Mellon Investment Portfolios - MidCap Stock Portfolio: Service Shares - Q/NQ
2020
   13.278438   14.126885   6.39%   0
2019
   11.230341   13.278438   18.24%   0
2018
   13.502950   11.230341   -16.83%   0
2017
   11.897741   13.502950   13.49%   0
2016
   10.468677   11.897741   13.65%   0
2015
   10.885861   10.468677   -3.83%   0
2014*
   10.000000   10.885861   8.86%   0
BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares - Q/NQ
2020
   50.047135   54.623314   9.14%   76
2019
   41.511208   50.047135   20.56%   65
2018
   46.232108   41.511208   -10.21%   56
2017
   41.691817   46.232108   10.89%   62
2016
   33.613089   41.691817   24.03%   69
2015
   34.885764   33.613089   -3.65%   77
2014
   33.640283   34.885764   3.70%   80
2013
   24.233727   33.640283   38.82%   78
2012
   21.224949   24.233727   14.18%   96
BNY Mellon Stock Index Fund, Inc.: Service Shares - Q/NQ
2020
   40.057869   46.516884   16.12%   357
2019
   31.034181   40.057869   29.08%   1,400
2018
   33.066501   31.034181   -6.15%   1,428
2017
   27.652060   33.066501   19.58%   1,484
2016
   25.151804   27.652060   9.94%   1,513
2015
   25.276489   25.151804   -0.49%   1,550
2014
   22.653800   25.276489   11.58%   1,612
2013
   17.435668   22.653800   29.93%   1,665
2012
   15.306274   17.435668   13.91%   1,722
BNY Mellon Variable Investment Fund - Appreciation Portfolio: Service Shares - Q/NQ
2020
   35.757910   43.522729   21.71%   2,088
2019
   26.695198   35.757910   33.95%   2,433
2018
   29.131754   26.695198   -8.36%   7,522
2017
   23.249659   29.131754   25.30%   7,797
2016
   21.895515   23.249659   6.18%   8,212
2015
   22.814278   21.895515   -4.03%   8,251
2014
   21.447816   22.814278   6.37%   8,234
2013
   17.993863   21.447816   19.20%   7,939
2012
   16.561713   17.993863   8.65%   535
Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - High Yield Bond Fund: Class 2 - Q/NQ
2020
   11.107420   11.648524   4.87%   0
2019
   9.662869   11.107420   14.95%   0
2018
   10.203867   9.662869   -5.30%   0
2017*
   10.000000   10.203867   2.04%   0
34

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class - Q/NQ
2020
   17.306633   16.701342   -3.50%   8,842
2019
   13.735927   17.306633   26.00%   8,747
2018
   16.765808   13.735927   -18.07%   8,746
2017
   15.206604   16.765808   10.25%   8,742
2016
   11.758795   15.206604   29.32%   3,516
2015
   12.743222   11.758795   -7.73%   4,003
2014
   12.230454   12.743222   4.19%   4,073
2013*
   10.000000   12.230454   22.30%   1,942
Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class - Q/NQ
2020
   11.141332   11.210656   0.62%   19,077
2019
   10.547185   11.141332   5.63%   19,077
2018
   10.701506   10.547185   -1.44%   19,439
2017
   10.486546   10.701506   2.05%   8,476
2016
   9.756833   10.486546   7.48%   8,476
2015
   9.989462   9.756833   -2.33%   5,188
2014
   10.068545   9.989462   -0.79%   5,188
Fidelity Variable Insurance Products - Emerging Markets Portfolio: Service Class 2 - Q/NQ
2020
   10.504708   13.562781   29.11%   0
2019
   8.242252   10.504708   27.45%   0
2018*
   10.000000   8.242252   -17.58%   3,519
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2 - Q/NQ
2020
   18.812498   20.830188   10.73%   5,963
2019
   16.475124   18.812498   14.19%   6,154
2018
   17.445305   16.475124   -5.56%   6,277
2017
   15.677180   17.445305   11.28%   6,368
2016
   15.101297   15.677180   3.81%   6,452
2015
   15.389577   15.101297   -1.87%   12,279
2014
   14.969777   15.389577   2.80%   10,757
2013
   13.405569   14.969777   11.67%   9,578
2012
   12.178768   13.405569   10.07%   6,437
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class 2 - Q/NQ
2020
   20.552575   23.259905   13.17%   0
2019
   17.379045   20.552575   18.26%   0
2018
   18.758329   17.379045   -7.35%   0
2017
   16.354900   18.758329   14.70%   0
2016
   15.668873   16.354900   4.38%   0
2015
   15.956541   15.668873   -1.80%   0
2014
   15.464277   15.956541   3.18%   0
2013
   13.556345   15.464277   14.07%   0
2012
   12.153713   13.556345   11.54%   0
35

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class 2 - Q/NQ
2020
   22.672075   26.088487   15.07%   0
2019
   18.517366   22.672075   22.44%   0
2018
   20.416685   18.517366   -9.30%   0
2017
   17.146887   20.416685   19.07%   0
2016
   16.339438   17.146887   4.94%   0
2015
   16.651222   16.339438   -1.87%   0
2014
   16.114724   16.651222   3.33%   0
2013
   13.454729   16.114724   19.77%   0
2012
   11.841534   13.454729   13.62%   0
Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2 - Q/NQ
2020
   13.791881   16.616278   20.48%   13,440
2019
   11.264219   13.791881   22.44%   8,827
2018
   11.949937   11.264219   -5.74%   8,827
2017
   10.431782   11.949937   14.55%   8,827
2016*
   10.000000   10.431782   4.32%   0
Fidelity Variable Insurance Products Fund - VIP Contrafund® Portfolio: Service Class 2 - Q/NQ
2020
   45.675170   58.681875   28.48%   0
2019
   35.269596   45.675170   29.50%   0
Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2 - Q/NQ
2020
   13.778344   9.122777   -33.79%   6,342
2019
   12.717506   13.778344   8.34%   3,276
2018
   17.137046   12.717506   -25.79%   2,654
2017
   17.866762   17.137046   -4.08%   2,935
2016
   13.565323   17.866762   31.71%   2,745
2015
   17.351683   13.565323   -21.82%   2,798
2014
   20.163384   17.351683   -13.94%   2,634
2013
   16.463930   20.163384   22.47%   374
2012
   15.935324   16.463930   3.32%   0
Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2 - Q/NQ
2020
   32.423497   34.045865   5.00%   16,135
2019
   25.857873   32.423497   25.39%   16,227
2018
   28.660631   25.857873   -9.78%   19,391
2017
   25.789342   28.660631   11.13%   21,792
2016
   22.208360   25.789342   16.12%   22,583
2015
   23.508684   22.208360   -5.53%   22,256
2014
   21.967638   23.508684   7.02%   19,874
2013
   17.420485   21.967638   26.10%   11,214
2012
   15.086420   17.420485   15.47%   980
Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2 - Q/NQ
2020
   14.841900   15.753414   6.14%   7,707
2019
   11.601602   14.841900   27.93%   7,575
2018
   12.951879   11.601602   -10.43%   3,811
2017
   11.258405   12.951879   15.04%   3,811
2016*
   10.000000   11.258405   12.58%   0
36

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2 - Q/NQ
2020
   45.678148   64.686162   41.61%   18,579
2019
   34.560656   45.678148   32.17%   19,470
2018
   35.188383   34.560656   -1.78%   19,035
2017
   26.457042   35.188383   33.00%   19,024
2016
   26.671433   26.457042   -0.80%   9,950
2015
   25.290301   26.671433   5.46%   9,708
2014
   23.093139   25.290301   9.51%   8,378
2013
   17.212475   23.093139   34.17%   6,639
2012
   15.251883   17.212475   12.85%   1,414
Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2 - Q/NQ
2020
   15.654476   16.858277   7.69%   11,151
2019
   14.504640   15.654476   7.93%   6,782
2018
   14.820891   14.504640   -2.13%   6,916
2017
   14.446478   14.820891   2.59%   6,831
2016
   14.016010   14.446478   3.07%   2,975
2015
   14.329567   14.016010   -2.19%   3,174
2014
   13.753043   14.329567   4.19%   5,522
2013
   14.235606   13.753043   -3.39%   3,828
2012
   13.665135   14.235606   4.17%   1,394
Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2 - Q/NQ
2020
   48.998213   56.973274   16.28%   6,583
2019
   40.324587   48.998213   21.51%   7,882
2018
   47.965365   40.324587   -15.93%   9,895
2017
   40.336059   47.965365   18.91%   10,002
2016
   36.530867   40.336059   10.42%   10,104
2015
   37.643926   36.530867   -2.96%   9,428
2014
   35.988361   37.643926   4.60%   8,565
2013
   26.849753   35.988361   34.04%   6,685
2012
   23.758224   26.849753   13.01%   355
Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class 2 - Q/NQ
2020
   28.877457   32.855764   13.78%   1,423
2019
   22.958763   28.877457   25.78%   1,445
2018
   27.400510   22.958763   -16.21%   1,471
2017
   21.366883   27.400510   28.24%   1,401
2016
   22.862986   21.366883   -6.54%   1,495
2015
   22.436258   22.862986   1.90%   1,763
Fidelity Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class 2 - Q/NQ
2020
   13.894672   12.776263   -8.05%   0
2019
   11.455800   13.894672   21.29%   0
2018
   12.414851   11.455800   -7.73%   0
2017
   12.126901   12.414851   2.37%   0
37

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2 - Q/NQ
2020
   15.177431   16.730805   10.23%   6,731
2019
   12.836000   15.177431   18.24%   9,260
2018
   14.402300   12.836000   -10.88%   15,562
2017
   13.037157   14.402300   10.47%   15,344
2016
   11.676101   13.037157   11.66%   17,680
2015
   12.620008   11.676101   -7.48%   15,034
2014
   12.438455   12.620008   1.46%   13,070
2013
   10.187087   12.438455   22.10%   12,804
2012
   8.953922   10.187087   13.77%   3,000
Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2 - Q/NQ
2020
   18.434027   18.311316   -0.67%   7,362
2019
   16.100690   18.434027   14.49%   12,263
2018
   17.056373   16.100690   -5.60%   14,326
2017
   15.764238   17.056373   8.20%   14,464
2016
   14.014111   15.764238   12.49%   15,011
2015
   15.284102   14.014111   -8.31%   16,610
2014
   14.809675   15.284102   3.20%   19,312
2013
   13.175492   14.809675   12.40%   15,053
2012
   11.856123   13.175492   11.13%   875
Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2 - Q/NQ
2020
   45.356313   47.065701   3.77%   247
2019
   36.389142   45.356313   24.64%   214
2018
   42.342263   36.389142   -14.06%   373
2017
   38.788406   42.342263   9.16%   386
2016
   30.200764   38.788406   28.44%   401
2015
   33.055931   30.200764   -8.64%   442
2014
   33.318067   33.055931   -0.79%   438
2013
   24.790246   33.318067   34.40%   479
2012
   21.227051   24.790246   16.79%   240
Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2 - Q/NQ
2020
   9.555180   8.928352   -6.56%   16,698
2019
   9.494806   9.555180   0.64%   16,348
2018
   9.442474   9.494806   0.55%   20,065
2017
   9.390508   9.442474   0.55%   20,180
2016
   9.246939   9.390508   1.55%   15,644
2015
   9.795156   9.246939   -5.60%   16,857
2014
   9.750470   9.795156   0.46%   19,545
Goldman Sachs Variable Insurance Trust - Goldman Sachs Global Trends Allocation Fund: Service Shares - Q/NQ
2020
   13.055855   13.409404   2.71%   0
2019
   11.823232   13.055855   10.43%   0
2018
   12.529171   11.823232   -5.63%   0
2017
   11.227984   12.529171   11.59%   0
2016
   10.908081   11.227984   2.93%   0
2015
   11.740326   10.908081   -7.09%   0
2014
   11.449263   11.740326   2.54%   0
2013
   10.219489   11.449263   12.03%   0
2012*
   10.000000   10.219489   2.19%   0
38

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares - Q/NQ
2020
   10.093972   10.626809   5.28%   0
2019
   9.402612   10.093972   7.35%   0
2018*
   10.000000   9.402612   -5.97%   0
Guggenheim Variable Fund - Multi-Hedge Strategies - Q/NQ
2020
   10.008603   10.602955   5.94%   8,398
2019
   9.661230   10.008603   3.60%   8,398
2018
   10.317760   9.661230   -6.36%   8,398
2017
   10.087884   10.317760   2.28%   8,398
2016
   10.275245   10.087884   -1.82%   8,398
2015
   10.226781   10.275245   0.47%   8,398
2014
   9.905190   10.226781   3.25%   4,919
2013*
   10.000000   9.905190   -0.95%   4,251
Invesco - Invesco V.I. Global Fund: Series II - Q/NQ
2020
   45.626100   57.314756   25.62%   5,240
2019
   35.183707   45.626100   29.68%   5,248
2018
   41.183926   35.183707   -14.57%   5,249
2017
   30.623407   41.183926   34.49%   5,249
2016
   31.090162   30.623407   -1.50%   5,249
2015
   30.399259   31.090162   2.27%   4,180
2014
   30.194472   30.399259   0.68%   3,413
Invesco - Invesco V.I. Main Street Fund: Series II - Q/NQ
2020
   36.243158   40.649877   12.16%   3,119
2019
   27.888091   36.243158   29.96%   3,435
2018
   30.762901   27.888091   -9.35%   4,490
2017
   26.735093   30.762901   15.07%   11,054
2016
   24.348919   26.735093   9.80%   11,024
2015
   23.938400   24.348919   1.71%   11,358
2014
   21.979951   23.938400   8.91%   9,512
2013
   16.951357   21.979951   29.66%   8,416
2012
   14.736275   16.951357   15.03%   355
Invesco - Invesco V.I. Main Street Mid Cap Fund: Series II Shares - Q/NQ
2020
   16.628065   17.870084   7.47%   1,500
2019
   13.480454   16.628065   23.35%   1,410
2018
   15.459204   13.480454   -12.80%   1,845
2017
   13.667447   15.459204   13.11%   1,809
2016
   12.242528   13.667447   11.64%   1,900
2015
   12.965066   12.242528   -5.57%   1,916
2014
   12.616435   12.965066   2.76%   1,990
2013
   9.955345   12.616435   26.73%   1,634
2012*
   10.000000   9.955345   -0.45%   0
39

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
Invesco - Invesco V.I. Main Street Small Cap Fund: Series II - Q/NQ
2020
   48.151412   56.828745   18.02%   4,681
2019
   38.697370   48.151412   24.43%   6,083
2018
   43.851336   38.697370   -11.75%   6,185
2017
   39.021643   43.851336   12.38%   1,752
2016
   33.613892   39.021643   16.09%   1,505
2015
   36.285046   33.613892   -7.36%   1,402
2014
   32.942301   36.285046   10.15%   1,402
2013
   23.746363   32.942301   38.73%   1,402
2012
   20.457250   23.746363   16.08%   0
Invesco Oppenheimer V.I. International Growth Fund: Series II - Q/NQ
2020
   11.015678   13.153615   19.41%   1,422
2019
   8.727041   11.015678   26.22%   0
2018
   10.997362   8.727041   -20.64%   0
2017
   8.816007   10.997362   24.74%   0
2016
   9.185747   8.816007   -4.03%   0
2015
   9.030960   9.185747   1.71%   0
2014*
   10.000000   9.030960   -9.69%   0
Ivy Variable Insurance Portfolios - Asset Strategy: Class II - Q/NQ
2020
   17.934953   20.148219   12.34%   14,652
2019
   14.929101   17.934953   20.13%   14,704
2018
   16.005076   14.929101   -6.72%   14,877
2017
   13.716969   16.005076   16.68%   18,841
2016
   14.270672   13.716969   -3.88%   19,230
2015
   15.783355   14.270672   -9.58%   18,045
2014
   16.888577   15.783355   -6.54%   14,182
2013
   13.681267   16.888577   23.44%   7,979
2012
   11.637337   13.681267   17.56%   1,706
Ivy Variable Insurance Portfolios - High Income: Class II - Q/NQ
2020
   13.961669   14.603398   4.60%   19,853
2019
   12.728117   13.961669   9.69%   23,748
2018
   13.182050   12.728117   -3.44%   21,946
2017
   12.525419   13.182050   5.24%   22,149
2016
   10.927537   12.525419   14.62%   21,645
2015
   11.847779   10.927537   -7.77%   22,125
2014
   11.785431   11.847779   0.53%   30,319
2013
   10.811552   11.785431   9.01%   18,710
2012*
   10.000000   10.811552   8.12%   4,680
Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II - Q/NQ
2020
   22.434948   32.977519   46.99%   7,293
2019
   16.486719   22.434948   36.08%   7,582
2018
   16.723367   16.486719   -1.42%   9,378
2017
   13.358601   16.723367   25.19%   7,978
2016
   12.760516   13.358601   4.69%   8,586
2015
   13.728671   12.760516   -7.05%   10,396
2014
   12.901284   13.728671   6.41%   14,467
2013
   10.064650   12.901284   28.18%   8,649
2012*
   10.000000   10.064650   0.65%   2,463
40

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares - Q/NQ
2020
   10.559033   11.484322   8.76%   0
2019
   9.794801   10.559033   7.80%   0
2018
   10.058977   9.794801   -2.63%   0
2017
   9.865484   10.058977   1.96%   0
2016
   9.782774   9.865484   0.85%   0
2015*
   10.000000   9.782774   -2.17%   0
Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares - Q/NQ
2020
   58.163889   79.776926   37.16%   4,804
2019
   43.082820   58.163889   35.00%   5,140
2018
   42.937705   43.082820   0.34%   7,768
2017
   33.480626   42.937705   28.25%   8,213
2016
   33.290884   33.480626   0.57%   8,674
2015
   30.147632   33.290884   10.43%   8,726
2014
   28.174446   30.147632   7.00%   9,768
2013
   21.820421   28.174446   29.12%   9,460
2012
   17.858839   21.820421   22.18%   174
Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares - Q/NQ
2020
   33.816827   50.284252   48.70%   2,531
2019
   23.670497   33.816827   42.86%   3,833
2018
   23.780072   23.670497   -0.46%   2,883
2017
   16.633616   23.780072   42.96%   2,998
2016
   14.809295   16.633616   12.32%   2,185
2015
   14.345516   14.809295   3.23%   2,265
2014
   13.298723   14.345516   7.87%   2,359
2013
   9.956837   13.298723   33.56%   1,258
2012*
   10.000000   9.956837   -0.43%   511
Janus Aspen Series - Janus Henderson Overseas Portfolio: Service Shares - Q/NQ
2020
   33.569803   38.422720   14.46%   4,717
2019
   26.856647   33.569803   25.00%   4,746
2018
   32.082539   26.856647   -16.29%   4,775
2017
   24.861677   32.082539   29.04%   4,652
2016
   27.012883   24.861677   -7.96%   4,787
2015
   30.026296   27.012883   -10.04%   4,611
2014
   34.627751   30.026296   -13.29%   3,832
2013
   30.714992   34.627751   12.74%   4,031
2012
   27.510257   30.714992   11.65%   1,669
JPMorgan Insurance Trust - JPMorgan Insurance Trust Core Bond Portfolio: Class 2 - Q/NQ
2020
   9.953034   10.572899   6.23%   0
2019*
   10.000000   9.953034   -0.47%   0
41

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares - Q/NQ
2020
   10.270466   10.002616   -2.61%   6,412
2019
   8.812281   10.270466   16.55%   3,678
2018
   10.969114   8.812281   -19.66%   3,685
2017
   8.698337   10.969114   26.11%   3,685
2016
   7.300082   8.698337   19.15%   3,685
2015
   9.256522   7.300082   -21.14%   0
2014
   9.839484   9.256522   -5.92%   0
Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC - Q/NQ
2020
   10.667527   11.305081   5.98%   0
2019
   9.974658   10.667527   6.95%   0
2018
   10.216799   9.974658   -2.37%   1,262
2017
   9.970969   10.216799   2.47%   1,262
2016*
   10.000000   9.970969   -0.29%   1,262
MFS® Variable Insurance Trust - MFS New Discovery Series: Service Class - Q/NQ
2020
   22.680190   32.573357   43.62%   7,794
2019
   16.273592   22.680190   39.37%   8,617
2018
   16.785826   16.273592   -3.05%   10,387
2017
   13.468357   16.785826   24.63%   9,199
2016
   12.548081   13.468357   7.33%   9,531
2015
   12.998711   12.548081   -3.47%   9,539
2014
   14.244140   12.998711   -8.74%   12,692
2013
   10.224572   14.244140   39.31%   7,575
2012*
   10.000000   10.224572   2.25%   1,284
MFS® Variable Insurance Trust - MFS Value Series: Service Class - Q/NQ
2020
   40.591208   41.332805   1.83%   10,981
2019
   31.772031   40.591208   27.76%   10,982
2018
   35.930572   31.772031   -11.57%   9,855
2017
   31.036495   35.930572   15.77%   9,734
2016
   27.650885   31.036495   12.24%   8,605
2015
   28.293551   27.650885   -2.27%   8,579
2014
   26.025521   28.293551   8.71%   8,094
2013
   19.456003   26.025521   33.77%   4,298
2012
   17.019718   19.456003   14.31%   0
MFS® Variable Insurance Trust II - MFS International Growth Portfolio: Service Class - Q/NQ
2020
   10.854308   12.367589   13.94%   0
2019*
   10.000000   10.854308   8.54%   0
MFS® Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Service Class - Q/NQ
2020
   22.197997   26.323227   18.58%   10,849
2019
   17.907836   22.197997   23.96%   11,413
2018
   20.109857   17.907836   -10.95%   12,936
2017
   16.073429   20.109857   25.11%   13,006
2016
   15.690071   16.073429   2.44%   7,243
2015
   14.959329   15.690071   4.88%   6,774
2014
   14.994200   14.959329   -0.23%   6,971
2013
   11.908476   14.994200   25.91%   3,446
2012
   10.412896   11.908476   14.36%   480
42

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
MFS® Variable Insurance Trust II - MFS Research International Portfolio: Service Class - Q/NQ
2020*
   10.000000   13.317934   33.18%   0
MFS® Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Service Class - Q/NQ
2020*
   10.000000   13.630309   36.30%   0
Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II - Q/NQ
2020
   11.868302   11.539971   -2.77%   918
2019
   9.408755   11.868302   26.14%   507
2018
   10.355187   9.408755   -9.14%   507
2017
   9.326549   10.355187   11.03%   0
2016
   8.223058   9.326549   13.42%   0
2015*
   10.000000   8.223058   -17.77%   0
Mutual Fund and Variable Insurance Trust - Rational Insider Buying VA Fund - Q/NQ
2020
   21.855873   24.608876   12.60%   813
2019
   17.866657   21.855873   22.33%   756
2018
   19.513907   17.866657   -8.44%   742
2017
   16.831508   19.513907   15.94%   781
2016
   15.369889   16.831508   9.51%   754
2015
   16.783094   15.369889   -8.42%   750
2014
   17.371316   16.783094   -3.39%   781
2013
   13.348145   17.371316   30.14%   744
2012
   11.034498   13.348145   20.97%   0
Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class II - Q/NQ
2020
   13.591437   20.213593   48.72%   305
2019
   10.371613   13.591437   31.04%   954
2018
   12.617734   10.371613   -17.80%   6,483
2017
   10.188218   12.617734   23.85%   6,867
2016
   10.588991   10.188218   -3.78%   7,087
2015
   10.804612   10.588991   -2.00%   6,979
2014
   11.102585   10.804612   -2.68%   1,187
2013
   9.295303   11.102585   19.44%   552
2012
   8.156839   9.295303   13.96%   444
Nationwide Variable Insurance Trust - NVIT American Funds Asset Allocation Fund: Class II - Q/NQ
2020
   19.977147   22.071865   10.49%   175,086
2019
   16.766089   19.977147   19.15%   197,723
2018
   17.887451   16.766089   -6.27%   192,600
2017
   15.658572   17.887451   14.23%   192,344
2016
   14.561756   15.658572   7.53%   187,376
2015
   14.617188   14.561756   -0.38%   183,946
2014
   14.112912   14.617188   3.57%   122,842
2013
   11.604010   14.112912   21.62%   94,261
2012
   10.165503   11.604010   14.15%   56,736
43

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT American Funds Bond Fund: Class II - Q/NQ
2020
   12.489835   13.455501   7.73%   196,626
2019
   11.617161   12.489835   7.51%   223,066
2018
   11.904800   11.617161   -2.42%   221,528
2017
   11.691765   11.904800   1.82%   204,849
2016
   11.545328   11.691765   1.27%   178,039
2015
   11.730420   11.545328   -1.58%   165,592
2014
   11.327043   11.730420   3.56%   137,102
2013
   11.785385   11.327043   -3.89%   105,232
2012
   11.381759   11.785385   3.55%   54,447
Nationwide Variable Insurance Trust - NVIT American Funds Global Growth Fund: Class II - Q/NQ
2020
   24.651723   31.597685   28.18%   22,273
2019
   18.540784   24.651723   32.96%   28,437
2018
   20.751253   18.540784   -10.65%   33,101
2017
   16.060828   20.751253   29.20%   28,875
2016
   16.249589   16.060828   -1.16%   28,360
2015
   15.460382   16.249589   5.10%   26,140
2014
   15.389466   15.460382   0.46%   21,403
2013
   12.126730   15.389466   26.91%   14,158
2012
   10.069132   12.126730   20.43%   3,240
Nationwide Variable Insurance Trust - NVIT American Funds Growth Fund: Class II - Q/NQ
2020
   26.520413   39.635358   49.45%   35,752
2019
   20.634076   26.520413   28.53%   46,612
2018
   21.056256   20.634076   -2.01%   54,507
2017
   16.701120   21.056256   26.08%   55,453
2016
   15.522153   16.701120   7.60%   57,472
2015
   14.784351   15.522153   4.99%   59,108
2014
   13.867974   14.784351   6.61%   63,003
2013
   10.846099   13.867974   27.86%   42,612
2012
   9.365156   10.846099   15.81%   5,020
Nationwide Variable Insurance Trust - NVIT American Funds Growth-Income Fund: Class II - Q/NQ
2020
   21.117641   23.557060   11.55%   153,448
2019
   17.034399   21.117641   23.97%   182,985
2018
   17.654577   17.034399   -3.51%   181,646
2017
   14.677198   17.654577   20.29%   185,723
2016
   13.392624   14.677198   9.59%   174,482
2015
   13.429965   13.392624   -0.28%   168,790
2014
   12.350590   13.429965   8.74%   155,794
2013
   9.415433   12.350590   31.17%   133,951
2012
   8.153379   9.415433   15.48%   79,257
44

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Amundi Multi Sector Bond Fund: Class I - Q/NQ
2020
   17.397746   17.859685   2.66%   11,692
2019
   16.154669   17.397746   7.69%   13,457
2018
   16.770227   16.154669   -3.67%   14,105
2017
   15.986884   16.770227   4.90%   14,341
2016
   14.915362   15.986884   7.18%   14,296
2015
   15.569485   14.915362   -4.20%   14,587
2014
   15.192521   15.569485   2.48%   16,071
2013
   15.575561   15.192521   -2.46%   9,545
2012
   14.066138   15.575561   10.73%   0
Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class II - Q/NQ
2020
   36.468239   39.592605   8.57%   496
2019
   28.651847   36.468239   27.28%   496
2018
   29.126932   28.651847   -1.63%   496
2017
   24.553508   29.126932   18.63%   496
2016
   22.390293   24.553508   9.66%   651
2015
   22.547467   22.390293   -0.70%   662
2014
   20.440667   22.547467   10.31%   169
2013
   15.842417   20.440667   29.02%   187
2012
   14.106368   15.842417   12.31%   0
Nationwide Variable Insurance Trust - NVIT BlackRock Equity Dividend Fund: Class II - Q/NQ
2020
   36.085314   36.789812   1.95%   2,607
2019
   28.801124   36.085314   25.29%   3,555
2018
   31.551230   28.801124   -8.72%   2,183
2017
   27.174980   31.551230   16.10%   2,063
2016
   23.428587   27.174980   15.99%   524
2015
   25.404465   23.428587   -7.78%   549
2014
   23.641763   25.404465   7.46%   517
2013
   17.712598   23.641763   33.47%   353
2012
   15.194556   17.712598   16.57%   399
Nationwide Variable Insurance Trust - NVIT BlackRock Managed Global Allocation Fund: Class II - Q/NQ
2020
   11.272902   12.738445   13.00%   16,964
2019
   9.941408   11.272902   13.39%   17,333
2018
   11.010968   9.941408   -9.71%   22,643
2017
   9.424010   11.010968   16.84%   16,709
2016
   9.276671   9.424010   1.59%   17,190
2015*
   10.000000   9.276671   -7.23%   7,596
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class II - Q/NQ
2020
   16.874439   18.737352   11.04%   0
2019
   13.799067   16.874439   22.29%   0
2018
   15.673140   13.799067   -11.96%   0
2017
   13.261408   15.673140   18.19%   0
2016
   12.404890   13.261408   6.90%   0
2015
   12.799134   12.404890   -3.08%   0
2014
   12.415957   12.799134   3.09%   0
2013
   9.720625   12.415957   27.73%   0
2012
   8.483576   9.720625   14.58%   0
45

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II - Q/NQ
2020
   15.143181   16.384832   8.20%   207,137
2019
   13.212686   15.143181   14.61%   223,068
2018
   14.284989   13.212686   -7.51%   246,219
2017
   12.922577   14.284989   10.54%   286,470
2016
   12.344881   12.922577   4.68%   291,891
2015
   12.647807   12.344881   -2.40%   291,108
2014
   12.292622   12.647807   2.89%   278,790
2013
   10.867888   12.292622   13.11%   269,111
2012
   9.919751   10.867888   9.56%   183,391
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class II - Q/NQ
2020
   16.308396   17.933054   9.96%   28,128
2019
   13.748761   16.308396   18.62%   23,784
2018
   15.176331   13.748761   -9.41%   23,769
2017
   13.283830   15.176331   14.25%   23,769
2016
   12.546506   13.283830   5.88%   23,757
2015
   12.889463   12.546506   -2.66%   23,729
2014
   12.479625   12.889463   3.28%   22,079
2013
   10.433676   12.479625   19.61%   0
2012
   9.307046   10.433676   12.11%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II - Q/NQ
2020
   13.262603   14.076993   6.14%   0
2019
   12.147850   13.262603   9.18%   0
2018
   12.644413   12.147850   -3.93%   0
2017
   12.050746   12.644413   4.93%   0
2016
   11.676574   12.050746   3.20%   0
2015
   11.923875   11.676574   -2.07%   0
2014
   11.696785   11.923875   1.94%   0
2013
   11.299466   11.696785   3.52%   0
2012
   10.655439   11.299466   6.04%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II - Q/NQ
2020
   12.520155   12.973848   3.62%   28,385
2019
   11.147286   12.520155   12.32%   27,724
2018
   12.152900   11.147286   -8.27%   27,830
2017
   10.733802   12.152900   13.22%   35,379
2016
   10.307537   10.733802   4.14%   44,783
2015
   10.917382   10.307537   -5.59%   36,431
2014
   10.822186   10.917382   0.88%   23,465
2013*
   10.000000   10.822186   8.22%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II - Q/NQ
2020
   13.025012   13.794806   5.91%   45,518
2019
   11.439775   13.025012   13.86%   45,607
2018
   12.479927   11.439775   -8.33%   46,156
2017
   10.739545   12.479927   16.21%   48,650
2016
   10.249384   10.739545   4.78%   49,469
2015
   10.922285   10.249384   -6.16%   77,240
2014
   10.960668   10.922285   -0.35%   68,323
2013*
   10.000000   10.960668   9.61%   26,234
46

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II - Q/NQ
2020
   15.777101   17.227869   9.20%   143,157
2019
   13.536813   15.777101   16.55%   148,321
2018
   14.769770   13.536813   -8.35%   153,835
2017
   13.136291   14.769770   12.43%   158,781
2016
   12.474867   13.136291   5.30%   162,290
2015
   12.781824   12.474867   -2.40%   165,299
2014
   12.390488   12.781824   3.16%   198,808
2013
   10.661747   12.390488   16.21%   195,019
2012
   9.618214   10.661747   10.85%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class II - Q/NQ
2020
   16.576550   18.357652   10.74%   7,979
2019
   13.747234   16.576550   20.58%   7,751
2018
   15.399939   13.747234   -10.73%   7,751
2017
   13.221117   15.399939   16.48%   7,751
2016
   12.455975   13.221117   6.14%   8,557
2015
   12.819720   12.455975   -2.84%   8,557
2014
   12.428198   12.819720   3.15%   8,557
2013
   10.137244   12.428198   22.60%   0
2012
   8.968194   10.137244   13.04%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II - Q/NQ
2020
   14.611769   15.719780   7.58%   84,780
2019
   12.958458   14.611769   12.76%   96,320
2018
   13.793809   12.958458   -6.06%   99,756
2017
   12.724189   13.793809   8.41%   102,519
2016
   12.168029   12.724189   4.57%   99,465
2015
   12.467336   12.168029   -2.40%   108,670
2014
   12.142261   12.467336   2.68%   108,738
2013
   11.064882   12.142261   9.74%   66,915
2012
   10.192902   11.064882   8.55%   32,445
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class I - Q/NQ
2020
   15.662173   16.251042   3.76%   1,145
2019
   14.114127   15.662173   10.97%   1,019
2018
   16.971059   14.114127   -16.83%   907
2017
   14.018018   16.971059   21.07%   874
2016
   14.052606   14.018018   -0.25%   960
2015
   14.823482   14.052606   -5.20%   1,664
2014
   16.359131   14.823482   -9.39%   1,570
2013
   13.808265   16.359131   18.47%   1,815
2012
   11.707206   13.808265   17.95%   763
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class Z - Q/NQ
2020*
   10.000000   11.749233   17.49%   0
47

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class II - Q/NQ
2020
   13.445308   14.162046   5.33%   453
2019
   12.538742   13.445308   7.23%   526
2018
   12.799325   12.538742   -2.04%   1,578
2017
   12.453505   12.799325   2.78%   1,587
2016
   12.021743   12.453505   3.59%   1,576
2015
   12.294516   12.021743   -2.22%   627
2014
   11.905707   12.294516   3.27%   670
2013
   12.331110   11.905707   -3.45%   0
2012
   11.630010   12.331110   6.03%   0
Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class II - Q/NQ
2020
   14.340704   15.426015   7.57%   0
2019
   13.264405   14.340704   8.11%   0
2018
   13.645255   13.264405   -2.79%   0
2017
   13.329376   13.645255   2.37%   0
2016
   13.075110   13.329376   1.94%   0
2015
   13.322944   13.075110   -1.86%   0
2014
   12.876674   13.322944   3.47%   0
2013
   13.325910   12.876674   -3.37%   0
2012
   12.611065   13.325910   5.67%   0
Nationwide Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class II - Q/NQ
2020
   10.610680   10.859138   2.34%   3,262
2019
   10.091279   10.610680   5.15%   0
2018*
   10.000000   10.091279   0.91%   0
Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class II - Q/NQ
2020
   37.150606   41.412562   11.47%   7,575
2019
   30.700661   37.150606   21.01%   7,619
2018
   37.796225   30.700661   -18.77%   8,832
2017
   27.128868   37.796225   39.32%   8,563
2016
   25.585677   27.128868   6.03%   7,395
2015
   30.962029   25.585677   -17.36%   7,491
2014
   33.293585   30.962029   -7.00%   6,165
Nationwide Variable Insurance Trust - NVIT Federated High Income Bond Fund: Class I - Q/NQ
2020
   25.364124   26.526856   4.58%   870
2019
   22.408111   25.364124   13.19%   867
2018
   23.418788   22.408111   -4.32%   864
2017
   22.235908   23.418788   5.32%   864
2016
   19.744284   22.235908   12.62%   843
2015
   20.550311   19.744284   -3.92%   859
2014
   20.313467   20.550311   1.17%   860
48

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I - Q/NQ
2020
   13.430442   14.055052   4.65%   2,813
2019
   12.810942   13.430442   4.84%   0
2018
   12.993461   12.810942   -1.40%   0
2017
   12.901864   12.993461   0.71%   0
2016
   12.981661   12.901864   -0.61%   0
2015
   13.173644   12.981661   -1.46%   0
2014
   12.770434   13.173644   3.16%   0
2013
   13.492384   12.770434   -5.35%   0
2012
   13.271782   13.492384   1.66%   0
Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I - Q/NQ
2020
   9.584982   9.478614   -1.11%   31,048
2019
   9.546110   9.584982   0.41%   17,779
2018
   9.544728   9.546110   0.01%   21,010
2017
   9.634382   9.544728   -0.93%   20,282
2016
   9.765119   9.634382   -1.34%   8,399
2015
   9.898750   9.765119   -1.35%   52,886
2014
   10.034210   9.898750   -1.35%   7,064
2013
   10.171524   10.034210   -1.35%   19,031
2012
   10.311101   10.171524   -1.35%   2,068
Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II - Q/NQ
2020
   10.434621   11.084838   6.23%   1,892
2019
   8.895053   10.434621   17.31%   1,892
2018
   10.584203   8.895053   -15.96%   1,892
2017
   8.442771   10.584203   25.36%   1,892
2016
   8.504104   8.442771   -0.72%   2,373
2015
   8.907378   8.504104   -4.53%   2,372
2014
   9.094737   8.907378   -2.06%   2,362
2013
   7.841921   9.094737   15.98%   174
2012
   6.899010   7.841921   13.67%   0
Nationwide Variable Insurance Trust - NVIT International Index Fund: Class VIII - Q/NQ
2020
   11.755872   12.423711   5.68%   26,325
2019
   9.832133   11.755872   19.57%   25,778
2018
   11.607158   9.832133   -15.29%   22,470
2017
   9.453544   11.607158   22.78%   20,384
2016
   9.532700   9.453544   -0.83%   19,174
2015
   9.799263   9.532700   -2.72%   19,369
2014
   10.588556   9.799263   -7.45%   5,252
2013
   8.869766   10.588556   19.38%   3,931
2012
   7.606187   8.869766   16.61%   2,744
49

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II - Q/NQ
2020
   33.444492   37.221535   11.29%   3,042
2019
   27.399648   33.444492   22.06%   4,257
2018
   30.475250   27.399648   -10.09%   7,257
2017
   26.083960   30.475250   16.84%   7,242
2016
   24.153161   26.083960   7.99%   7,384
2015
   24.730536   24.153161   -2.33%   7,332
2014
   23.878538   24.730536   3.57%   9,456
2013
   19.022168   23.878538   25.53%   9,584
2012
   16.637218   19.022168   14.34%   5,475
Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II - Q/NQ
2020
   18.734261   20.219753   7.93%   61,544
2019
   16.464739   18.734261   13.78%   64,063
2018
   17.541989   16.464739   -6.14%   58,678
2017
   16.000404   17.541989   9.63%   64,045
2016
   15.257174   16.000404   4.87%   64,940
2015
   15.492881   15.257174   -1.52%   69,586
2014
   15.016353   15.492881   3.17%   71,158
2013
   13.420290   15.016353   11.89%   47,848
2012
   12.437013   13.420290   7.91%   34,579
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II - Q/NQ
2020
   22.822056   25.129841   10.11%   37,538
2019
   19.288190   22.822056   18.32%   22,849
2018
   20.906382   19.288190   -7.74%   24,941
2017
   18.458269   20.906382   13.26%   24,662
2016
   17.366154   18.458269   6.29%   24,392
2015
   17.697939   17.366154   -1.87%   24,318
2014
   17.051415   17.697939   3.79%   27,024
2013
   14.464860   17.051415   17.88%   26,830
2012
   13.063036   14.464860   10.73%   16,046
Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II - Q/NQ
2020
   15.927468   16.767558   5.27%   73,401
2019
   14.740241   15.927468   8.05%   73,884
2018
   15.217493   14.740241   -3.14%   45,063
2017
   14.595738   15.217493   4.26%   45,482
2016
   14.189924   14.595738   2.86%   45,550
2015
   14.346119   14.189924   -1.09%   45,351
2014
   13.997881   14.346119   2.49%   44,138
2013
   13.535441   13.997881   3.42%   39,696
2012
   13.045914   13.535441   3.75%   679
50

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II - Q/NQ
2020
   12.516959   12.911076   3.15%   15,131
2019
   11.228706   12.516959   11.47%   15,207
2018
   12.061776   11.228706   -6.91%   15,288
2017
   10.721986   12.061776   12.50%   15,359
2016
   10.281473   10.721986   4.28%   6,382
2015
   10.771292   10.281473   -4.55%   6,463
2014
   10.656981   10.771292   1.07%   6,532
2013*
   10.000000   10.656981   6.57%   0
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II - Q/NQ
2020
   13.106589   13.747827   4.89%   19,874
2019
   11.528100   13.106589   13.69%   20,298
2018
   12.439885   11.528100   -7.33%   31,396
2017
   10.780881   12.439885   15.39%   33,132
2016
   10.217799   10.780881   5.51%   21,984
2015
   10.784148   10.217799   -5.25%   22,398
2014
   10.745433   10.784148   0.36%   21,959
2013*
   10.000000   10.745433   7.45%   13,261
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II - Q/NQ
2020
   24.703479   26.890966   8.85%   58,677
2019
   21.267588   24.703479   16.16%   65,864
2018
   22.858620   21.267588   -6.96%   48,724
2017
   20.518201   22.858620   11.41%   48,972
2016
   19.411652   20.518201   5.70%   49,601
2015
   19.743378   19.411652   -1.68%   74,246
2014
   19.027708   19.743378   3.76%   99,333
2013
   16.538178   19.027708   15.05%   21,668
2012
   15.129256   16.538178   9.31%   12,472
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II - Q/NQ
2020
   29.883091   33.114132   10.81%   69,114
2019
   24.864547   29.883091   20.18%   73,923
2018
   27.317453   24.864547   -8.98%   78,882
2017
   23.732035   27.317453   15.11%   79,000
2016
   22.175142   23.732035   7.02%   80,313
2015
   22.643867   22.175142   -2.07%   81,478
2014
   21.869660   22.643867   3.54%   83,492
2013
   18.115146   21.869660   20.73%   13,921
2012
   16.142395   18.115146   12.22%   13,253
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II - Q/NQ
2020
   20.167374   21.596659   7.09%   31,267
2019
   18.014443   20.167374   11.95%   60,027
2018
   18.970283   18.014443   -5.04%   62,429
2017
   17.607317   18.970283   7.74%   64,898
2016
   16.884676   17.607317   4.28%   67,382
2015
   17.120976   16.884676   -1.38%   70,873
2014
   16.569944   17.120976   3.33%   71,401
2013
   15.201313   16.569944   9.00%   69,987
2012
   14.263081   15.201313   6.58%   37,864
51

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II - Q/NQ
2020
   10.470047   11.064572   5.68%   0
2019*
   10.000000   10.470047   4.70%   0
Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II - Q/NQ
2020
   10.770794   12.299974   14.20%   0
2019*
   10.000000   10.770794   7.71%   0
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund: Class II - Q/NQ
2020
   10.088233   10.102277   0.14%   0
2019*
   10.000000   10.088233   0.88%   0
Nationwide Variable Insurance Trust - NVIT J.P. Morgan U.S. Equity Fund: Class II - Q/NQ
2020
   10.963698   13.627256   24.29%   0
2019*
   10.000000   10.963698   9.64%   0
Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class II - Q/NQ
2020
   23.170432   29.695831   28.16%   670
2019
   18.036958   23.170432   28.46%   717
2018
   18.919071   18.036958   -4.66%   12,783
2017
   14.765440   18.919071   28.13%   13,647
2016
   14.674907   14.765440   0.62%   13,692
2015
   14.424305   14.674907   1.74%   13,672
2014
   13.274541   14.424305   8.66%   580
2013
   10.010976   13.274541   32.60%   0
2012
   8.737966   10.010976   14.57%   0
Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II - Q/NQ
2020
   13.120267   13.861038   5.65%   27,263
2019
   11.179129   13.120267   17.36%   27,731
2018
   11.906932   11.179129   -6.11%   18,015
2017
   10.267212   11.906932   15.97%   18,691
2016
   9.587816   10.267212   7.09%   11,609
2015
   9.942437   9.587816   -3.57%   10,601
2014*
   10.000000   9.942437   -0.58%   0
Nationwide Variable Insurance Trust - NVIT Managed American Funds Growth-Income Fund: Class II - Q/NQ
2020
   15.097200   15.933129   5.54%   3,705
2019
   12.545857   15.097200   20.34%   3,445
2018
   13.054650   12.545857   -3.90%   3,445
2017
   10.873586   13.054650   20.06%   3,445
2016
   10.015883   10.873586   8.56%   0
2015
   10.138604   10.015883   -1.21%   0
2014*
   10.000000   10.138604   1.39%   0
52

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class II - Q/NQ
2020
   38.909703   45.496411   16.93%   5,221
2019
   28.720113   38.909703   35.48%   5,248
2018
   29.570962   28.720113   -2.88%   5,294
2017
   23.589221   29.570962   25.36%   5,354
2016
   23.141831   23.589221   1.93%   5,402
2015
   22.379286   23.141831   3.41%   3,023
2014
   20.896330   22.379286   7.10%   3,073
2013
   15.542499   20.896330   34.45%   655
2012
   13.304699   15.542499   16.82%   0
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class II - Q/NQ
2020
   30.017705   30.025131   0.02%   3,518
2019
   24.019480   30.017705   24.97%   5,445
2018
   26.897341   24.019480   -10.70%   5,442
2017
   25.142854   26.897341   6.98%   5,445
2016
   21.200786   25.142854   18.59%   5,336
2015
   22.489885   21.200786   -5.73%   5,031
2014
   20.184237   22.489885   11.42%   3,230
2013
   15.538866   20.184237   29.90%   2,337
2012
   13.763734   15.538866   12.90%   0
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class Z - Q/NQ
2020*
   10.000000   11.801934   18.02%   13,838
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I - Q/NQ
2020
   48.894559   54.560426   11.59%   9,858
2019
   39.445356   48.894559   23.96%   11,331
2018
   45.125431   39.445356   -12.59%   11,390
2017
   39.507271   45.125431   14.22%   7,310
2016
   33.291755   39.507271   18.67%   6,229
2015
   34.624827   33.291755   -3.85%   5,825
2014
   32.076894   34.624827   7.94%   5,337
2013
   24.439049   32.076894   31.25%   5,758
2012
   21.089310   24.439049   15.88%   0
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II - Q/NQ
2020
   22.708791   22.145786   -2.48%   383
2019
   18.587215   22.708791   22.17%   383
2018
   21.697417   18.587215   -14.33%   10,061
2017
   19.319834   21.697417   12.31%   10,713
2016
   16.653512   19.319834   16.01%   10,568
2015
   17.383024   16.653512   -4.20%   12,302
2014
   15.058030   17.383024   15.44%   2,121
2013
   11.250215   15.058030   33.85%   2,235
2012
   9.802270   11.250215   14.77%   598
53

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class II - Q/NQ
2020
   36.096586   50.036584   38.62%   3,424
2019
   27.028600   36.096586   33.55%   3,445
2018
   29.853466   27.028600   -9.46%   9,455
2017
   24.277287   29.853466   22.97%   9,867
2016
   22.773486   24.277287   6.60%   11,837
2015
   22.963527   22.773486   -0.83%   11,831
2014
   22.701579   22.963527   1.15%   3,856
2013
   15.986134   22.701579   42.01%   0
2012
   14.329288   15.986134   11.56%   0
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class II - Q/NQ
2020
   40.636130   42.072308   3.53%   872
2019
   34.705405   40.636130   17.09%   396
2018
   42.452377   34.705405   -18.25%   4,589
2017
   39.568210   42.452377   7.29%   4,872
2016
   31.929678   39.568210   23.92%   4,475
2015
   34.538928   31.929678   -7.55%   4,475
2014
   32.793069   34.538928   5.32%   0
2013
   23.739961   32.793069   38.13%   0
2012
   20.003825   23.739961   18.68%   0
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class II - Q/NQ
2020
   42.292710   51.049131   20.70%   0
2019
   34.200387   42.292710   23.66%   0
2018
   39.775851   34.200387   -14.02%   0
2017
   35.617417   39.775851   11.68%   0
2016
   29.461724   35.617417   20.89%   0
2015
   30.441829   29.461724   -3.22%   0
2014
   30.687821   30.441829   -0.80%   0
2013
   22.132590   30.687821   38.65%   0
2012
   19.471320   22.132590   13.67%   0
Nationwide Variable Insurance Trust - NVIT Neuberger Berman Multi Cap Opportunities Fund: Class II - Q/NQ
2020
   20.870954   23.348306   11.87%   1,569
2019
   16.517405   20.870954   26.36%   9,162
2018
   17.627414   16.517405   -6.30%   9,484
2017
   14.321839   17.627414   23.08%   467
2016
   12.785655   14.321839   12.01%   533
2015
   13.117078   12.785655   -2.53%   563
2014
   12.478109   13.117078   5.12%   559
2013
   8.812490   12.478109   41.60%   599
2012
   7.646121   8.812490   15.25%   701
54

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class II - Q/NQ
2020
   21.716310   24.280469   11.81%   71
2019
   17.464580   21.716310   24.34%   71
2018
   18.810013   17.464580   -7.15%   69
2017
   16.108569   18.810013   16.77%   75
2016
   14.829315   16.108569   8.63%   81
2015
   15.095404   14.829315   -1.76%   86
2014
   13.846726   15.095404   9.02%   87
2013
   10.130566   13.846726   36.68%   93
2012
   9.219979   10.130566   9.88%   0
Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class II - Q/NQ
2020
   17.726150   16.490536   -6.97%   5,259
2019
   13.774921   17.726150   28.68%   4,615
2018
   14.554989   13.774921   -5.36%   19,377
2017
   13.899722   14.554989   4.71%   19,558
2016
   13.145928   13.899722   5.73%   18,823
2015
   14.125389   13.145928   -6.93%   19,522
2014
   11.133697   14.125389   26.87%   11,461
2013
   10.989318   11.133697   1.31%   11,227
2012
   9.638248   10.989318   14.02%   0
Nationwide Variable Insurance Trust - NVIT S&P 500® Index Fund: Class II - Q/NQ
2020
   20.679105   24.041583   16.26%   82,320
2019
   16.021196   20.679105   29.07%   76,277
2018
   17.073737   16.021196   -6.16%   79,408
2017
   14.276585   17.073737   19.59%   76,874
2016
   12.990960   14.276585   9.90%   54,933
2015
   13.045731   12.990960   -0.42%   51,911
2014
   11.694886   13.045731   11.55%   53,999
2013*
   10.000000   11.694886   16.95%   35,234
Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II - Q/NQ
2020
   10.692296   10.846655   1.44%   6,201
2019
   10.413012   10.692296   2.68%   4,243
2018
   10.470408   10.413012   -0.55%   13,299
2017
   10.448295   10.470408   0.21%   12,251
2016
   10.333404   10.448295   1.11%   11,623
2015
   10.510667   10.333404   -1.69%   12,693
2014
   10.602135   10.510667   -0.86%   12,790
2013
   10.735896   10.602135   -1.25%   8,887
2012
   10.512764   10.735896   2.12%   560
Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II - Q/NQ
2020
   17.609580   20.727807   17.71%   28,467
2019
   14.285008   17.609580   23.27%   24,171
2018
   16.334516   14.285008   -12.55%   24,106
2017
   14.501024   16.334516   12.64%   13,309
2016
   12.160852   14.501024   19.24%   12,748
2015
   12.959975   12.160852   -6.17%   12,747
2014
   12.565419   12.959975   3.14%   8,040
2013*
   10.000000   12.565419   25.65%   9,162
55

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class II - Q/NQ
2020
   23.146780   36.648874   58.33%   10,057
2019
   17.146931   23.146780   34.99%   11,795
2018
   18.700975   17.146931   -8.31%   21,605
2017
   14.864916   18.700975   25.81%   22,735
2016
   14.207446   14.864916   4.63%   25,448
2015
   14.451836   14.207446   -1.69%   24,864
2014
   14.124232   14.451836   2.32%   14,180
2013
   10.329616   14.124232   36.74%   1,455
2012
   9.133713   10.329616   13.09%   0
Northern Lights Variable Trust - TOPS® Managed Risk Balanced ETF Portfolio: Class 4 - Q/NQ
2020
   12.088820   12.577002   4.04%   0
2019
   10.732903   12.088820   12.63%   0
2018
   11.625527   10.732903   -7.68%   0
2017
   10.689491   11.625527   8.76%   0
2016
   10.239887   10.689491   4.39%   0
2015
   10.899869   10.239887   -6.05%   0
2014
   10.759555   10.899869   1.30%   0
2013
   10.149033   10.759555   6.02%   0
2012*
   10.000000   10.149033   1.49%   0
Northern Lights Variable Trust - TOPS® Managed Risk Growth ETF Portfolio: Class 4 - Q/NQ
2020
   12.913131   13.356654   3.43%   0
2019
   11.222382   12.913131   15.07%   0
2018
   12.513962   11.222382   -10.32%   0
2017
   10.810675   12.513962   15.76%   0
2016
   10.421352   10.810675   3.74%   0
2015
   11.657274   10.421352   -10.60%   0
2014
   11.713255   11.657274   -0.48%   0
2013
   10.267804   11.713255   14.08%   0
2012*
   10.000000   10.267804   2.68%   0
Northern Lights Variable Trust - TOPS® Managed Risk Moderate Growth ETF Portfolio: Class 4 - Q/NQ
2020
   12.895818   13.425262   4.11%   0
2019
   11.280638   12.895818   14.32%   0
2018
   12.378493   11.280638   -8.87%   0
2017
   11.043689   12.378493   12.09%   0
2016
   10.576247   11.043689   4.42%   0
2015
   11.487465   10.576247   -7.93%   0
2014
   11.360815   11.487465   1.11%   0
2013
   10.285465   11.360815   10.46%   0
2012*
   10.000000   10.285465   2.85%   0
56

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor Class - Q/NQ
2020
   11.928120   12.697638   6.45%   11,092
2019
   10.820625   11.928120   10.24%   10,820
2018
   11.601456   10.820625   -6.73%   13,234
2017
   10.372123   11.601456   11.85%   13,042
2016
   9.311956   10.372123   11.39%   12,803
2015
   10.394438   9.311956   -10.41%   16,636
2014
   10.488976   10.394438   -0.90%   15,945
2013
   10.620910   10.488976   -1.24%   13,357
2012*
   10.000000   10.620910   6.21%   2,882
PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Advisor Class - Q/NQ
2020
   11.326416   11.908703   5.14%   0
2019
   10.014099   11.326416   13.10%   0
2018
   10.666607   10.014099   -6.12%   0
2017
   9.848932   10.666607   8.30%   0
2016
   8.818189   9.848932   11.69%   0
2015
   9.155408   8.818189   -3.68%   0
2014
   9.152154   9.155408   0.04%   0
PIMCO Variable Insurance Trust - International Bond Portfolio (Unhedged): Advisor Class - Q/NQ
2020
   12.033974   13.137274   9.17%   11,103
2019
   11.409397   12.033974   5.47%   10,968
2018
   12.057562   11.409397   -5.38%   14,901
2017
   11.037287   12.057562   9.24%   14,209
2016
   10.872244   11.037287   1.52%   13,771
2015
   11.872960   10.872244   -8.43%   14,050
2014
   11.999326   11.872960   -1.05%   12,570
2013
   13.018453   11.999326   -7.83%   12,804
2012
   12.540903   13.018453   3.81%   0
PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class - Q/NQ
2020
   11.554667   11.728062   1.50%   37,357
2019
   11.270563   11.554667   2.52%   31,706
2018
   11.398620   11.270563   -1.12%   30,947
2017
   11.411284   11.398620   -0.11%   25,471
2016
   11.418016   11.411284   -0.06%   19,764
2015
   11.550147   11.418016   -1.14%   21,520
2014
   11.621253   11.550147   -0.61%   21,922
2013
   11.807707   11.621253   -1.58%   9,844
2012
   11.318862   11.807707   4.32%   2,169
PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class - Q/NQ
2020
   10.344071   10.422838   0.76%   0
2019
   10.210339   10.344071   1.31%   0
2018
   10.205195   10.210339   0.05%   0
2017
   10.111376   10.205195   0.93%   0
2016*
   10.000000   10.111376   1.11%   0
57

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
PIMCO Variable Insurance Trust - Total Return Portfolio: Advisor Class - Q/NQ
2020
   11.629073   12.450773   7.07%   78,670
2019
   10.890078   11.629073   6.79%   76,217
2018
   11.110477   10.890078   -1.98%   75,272
2017
   10.744528   11.110477   3.41%   68,164
2016
   10.616869   10.744528   1.20%   65,468
2015
   10.726161   10.616869   -1.02%   65,417
2014
   10.437944   10.726161   2.76%   65,491
2013
   10.802571   10.437944   -3.38%   38,417
2012
   10.000665   10.802571   8.02%   24,928
Putnam Variable Trust - Putnam VT International Equity Fund: Class IB - Q/NQ
2020
   21.416750   23.683067   10.58%   0
2019
   17.346626   21.416750   23.46%   0
2018
   21.740900   17.346626   -20.21%   0
2017
   17.409902   21.740900   24.88%   0
2016
   18.091348   17.409902   -3.77%   0
Putnam Variable Trust - Putnam VT International Value Fund: Class IB - Q/NQ
2020*
   10.000000   13.499316   34.99%   0
Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IB - Q/NQ
2020
   13.076283   13.648248   4.37%   0
T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II - Q/NQ
2020
   44.181847   56.342433   27.52%   4,876
2019
   34.818047   44.181847   26.89%   4,349
2018
   34.997190   34.818047   -0.51%   5,457
2017
   27.865529   34.997190   25.59%   4,704
2016
   31.635835   27.865529   -11.92%   4,469
2015
   28.513076   31.635835   10.95%   4,375
2014
   22.025783   28.513076   29.45%   3,941
2013
   14.833985   22.025783   48.48%   1,918
2012
   11.478993   14.833985   29.23%   327
VanEck VIP Trust - Global Resources Fund: Class S - Q/NQ
2020
   5.806823   6.806951   17.22%   25,342
2019
   5.277001   5.806823   10.04%   28,536
2018
   7.473944   5.277001   -29.39%   37,075
2017
   7.728290   7.473944   -3.29%   32,554
2016
   5.462367   7.728290   41.48%   28,911
2015
   8.342503   5.462367   -34.52%   30,503
2014
   10.485340   8.342503   -20.44%   18,646
2013
   9.636684   10.485340   8.81%   15,398
2012*
   10.000000   9.636684   -3.63%   1,546
Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class A - Q/NQ
2020
   10.790853   10.480216   -2.88%   0
2019*
   10.000000   10.790853   7.91%   0
58

 

Additional Contract Options Elected Total - 1.35%
Variable account charges of the daily net assets of the variable account - 1.35%
Period   Beginning Value   Ending Value   Percentage Change   Units
Wells Fargo Variable Trust - VT Small Cap Growth Fund: Class 2 - Q/NQ
2020
   36.964005   57.536714   55.66%   2,061
2019
   30.016884   36.964005   23.14%   2,066
2018
   30.036811   30.016884   -0.07%   3,344
2017
   24.191220   30.036811   24.16%   3,768
2016
   22.758334   24.191220   6.30%   4,196
2015
   23.754529   22.758334   -4.19%   4,198
2014
   24.540435   23.754529   -3.20%   4,141
2013
   16.558629   24.540435   48.20%   2,401
2012
   15.560948   16.558629   6.41%   248
59

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class B - Q/NQ
2020
   13.097471   13.507480   3.13%   0
2019
   11.555973   13.097471   13.34%   0
2018
   12.682807   11.555973   -8.88%   0
2017
   11.279405   12.682807   12.44%   0
2016
   11.094662   11.279405   1.67%   0
2015
   11.429387   11.094662   -2.93%   0
2014
   11.151988   11.429387   2.49%   0
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B - Q/NQ
2020
   8.776239   8.822265   0.52%   0
2019
   7.640640   8.776239   14.86%   0
2018*
   10.000000   7.640640   -23.59%   0
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class B - Q/NQ
2020
   42.303449   42.875750   1.35%   0
2019
   35.873489   42.303449   17.92%   0
2018
   43.066058   35.873489   -16.70%   0
2017
   38.800587   43.066058   10.99%   0
2016
   31.612211   38.800587   22.74%   0
2015
   34.083346   31.612211   -7.25%   0
2014
   31.809470   34.083346   7.15%   0
American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II - Q/NQ
2020
   13.746605   14.811567   7.75%   0
2019
   12.834632   13.746605   7.11%   0
2018
   13.429702   12.834632   -4.43%   0
2017
   13.170800   13.429702   1.97%   0
2016
   12.828321   13.170800   2.67%   0
2015
   13.373647   12.828321   -4.08%   0
2014
   13.163643   13.373647   1.60%   0
American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class II - Q/NQ
2020
   31.868094   31.690154   -0.56%   0
2019
   25.119687   31.868094   26.87%   0
2018
   29.347712   25.119687   -14.41%   0
2017
   26.768908   29.347712   9.63%   0
2016
   22.178321   26.768908   20.70%   0
2015
   22.912332   22.178321   -3.20%   0
2014
   20.042136   22.912332   14.32%   0
American Century Variable Portfolios, Inc. - American Century VP Value Fund: Class II - Q/NQ
2020
   34.290872   34.005132   -0.83%   0
60

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
American Funds Insurance Series® - Managed Risk Asset Allocation Fund: Class P2 - Q/NQ
2020
   15.271111   15.902611   4.14%   0
2019
   13.160347   15.271111   16.04%   0
2018
   14.071240   13.160347   -6.47%   0
2017
   12.461719   14.071240   12.92%   0
2016
   11.811051   12.461719   5.51%   0
2015
   12.139277   11.811051   -2.70%   0
2014
   11.994071   12.139277   1.21%   0
BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III - Q/NQ
2020
   11.596984   12.205428   5.25%   0
2019
   10.265802   11.596984   12.97%   0
2018
   10.749479   10.265802   -4.50%   0
2017
   10.206835   10.749479   5.32%   0
2016
   9.198451   10.206835   10.96%   0
2015*
   10.000000   9.198451   -8.02%   0
BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III - Q/NQ
2020
   10.476434   11.183838   6.75%   0
2019
   9.759481   10.476434   7.35%   0
2018
   9.996237   9.759481   -2.37%   0
2017
   9.847738   9.996237   1.51%   0
2016
   9.772198   9.847738   0.77%   0
2015*
   10.000000   9.772198   -2.28%   0
BlackRock Variable Series Funds, Inc. - BlackRock Equity Dividend V.I. Fund: Class III - Q/NQ
2020
   14.545462   14.816200   1.86%   0
2019
   11.603125   14.545462   25.36%   0
2018
   12.744045   11.603125   -8.95%   0
2017
   11.122988   12.744045   14.57%   0
2016
   9.744228   11.122988   14.15%   0
2015*
   10.000000   9.744228   -2.56%   0
BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III - Q/NQ
2020
   17.591165   20.883788   18.72%   0
2019
   15.189333   17.591165   15.81%   0
2018
   16.712206   15.189333   -9.11%   7,137
2017
   14.943288   16.712206   11.84%   7,423
2016
   14.636371   14.943288   2.10%   7,389
2015
   15.032422   14.636371   -2.63%   2,471
2014
   14.994880   15.032422   0.25%   504
BNY Mellon Investment Portfolios - MidCap Stock Portfolio: Service Shares - Q/NQ
2020
   13.051169   13.842873   6.07%   0
2019
   11.071807   13.051169   17.88%   0
2018
   13.353207   11.071807   -17.09%   0
2017
   11.801561   13.353207   13.15%   0
2016
   10.415622   11.801561   13.31%   0
2015
   10.863731   10.415622   -4.12%   0
2014*
   10.000000   10.863731   8.64%   0
61

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares - Q/NQ
2020
   47.539816   51.728998   8.81%   0
2019
   39.551782   47.539816   20.20%   0
2018
   44.185071   39.551782   -10.49%   0
2017
   39.966989   44.185071   10.55%   0
2016
   32.320437   39.966989   23.66%   0
2015
   33.646506   32.320437   -3.94%   0
2014
   32.544252   33.646506   3.39%   0
BNY Mellon Stock Index Fund, Inc.: Service Shares - Q/NQ
2020
   38.051177   44.052283   15.77%   0
2019
   29.569418   38.051177   28.68%   0
2018
   31.602510   29.569418   -6.43%   0
2017
   26.508097   31.602510   19.22%   0
2016
   24.184602   26.508097   9.61%   0
2015
   24.378637   24.184602   -0.80%   0
2014
   21.915734   24.378637   11.24%   0
BNY Mellon Variable Investment Fund - Appreciation Portfolio: Service Shares - Q/NQ
2020
   33.966725   41.216890   21.34%   0
2019
   25.435300   33.966725   33.54%   0
2018
   27.842045   25.435300   -8.64%   0
2017
   22.287885   27.842045   24.92%   0
2016
   21.053590   22.287885   5.86%   0
2015
   22.003955   21.053590   -4.32%   0
2014
   20.749127   22.003955   6.05%   0
Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - High Yield Bond Fund: Class 2 - Q/NQ
2020
   11.017516   11.519112   4.55%   0
2019
   9.613886   11.017516   14.60%   0
2018
   10.183290   9.613886   -5.59%   0
2017*
   10.000000   10.183290   1.83%   0
Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class - Q/NQ
2020
   16.958724   16.315835   -3.79%   0
2019
   13.500849   16.958724   25.61%   0
2018
   16.529459   13.500849   -18.32%   0
2017
   15.037823   16.529459   9.92%   0
2016
   11.663635   15.037823   28.93%   0
2015
   12.678662   11.663635   -8.01%   0
2014
   12.205609   12.678662   3.88%   0
Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class - Q/NQ
2020
   10.917234   10.951750   0.32%   0
2019
   10.366565   10.917234   5.31%   0
2018
   10.550509   10.366565   -1.74%   0
2017
   10.370040   10.550509   1.74%   0
2016
   9.677776   10.370040   7.15%   0
2015
   9.938750   9.677776   -2.63%   0
2014
   10.047989   9.938750   -1.09%   0
62

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
Fidelity Variable Insurance Products - Emerging Markets Portfolio: Service Class 2 - Q/NQ
2020
   10.451436   13.452987   28.72%   0
2019
   8.225458   10.451436   27.06%   0
2018*
   10.000000   8.225458   -17.75%   0
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2 - Q/NQ
2020
   17.990740   19.859749   10.39%   0
2019
   15.803514   17.990740   13.84%   0
2018
   16.785480   15.803514   -5.85%   0
2017
   15.130089   16.785480   10.94%   0
2016
   14.618643   15.130089   3.50%   0
2015
   14.943153   14.618643   -2.17%   0
2014
   14.579871   14.943153   2.49%   0
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class 2 - Q/NQ
2020
   19.654724   22.176155   12.83%   0
2019
   16.670513   19.654724   17.90%   0
2018
   18.048785   16.670513   -7.64%   0
2017
   15.784115   18.048785   14.35%   0
2016
   15.168034   15.784115   4.06%   0
2015
   15.493642   15.168034   -2.10%   0
2014
   15.061455   15.493642   2.87%   0
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class 2 - Q/NQ
2020
   21.681631   24.872951   14.72%   0
2019
   17.762426   21.681631   22.06%   0
2018
   19.644413   17.762426   -9.58%   0
2017
   16.548446   19.644413   18.71%   0
2016
   15.817139   16.548446   4.62%   0
2015
   16.168132   15.817139   -2.17%   0
2014
   15.694928   16.168132   3.02%   0
Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2 - Q/NQ
2020
   13.638857   16.381969   20.11%   0
2019
   11.173204   13.638857   22.07%   0
2018
   11.889752   11.173204   -6.03%   0
2017
   10.410800   11.889752   14.21%   0
2016*
   10.000000   10.410800   4.11%   0
Fidelity Variable Insurance Products Fund - VIP Contrafund® Portfolio: Service Class 2 - Q/NQ
2020
   43.386955   55.572656   28.09%   0
2019
   33.604848   43.386955   29.11%   0
Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2 - Q/NQ
2020
   13.176093   8.697408   -33.99%   0
2019
   12.198707   13.176093   8.01%   0
2018
   16.488439   12.198707   -26.02%   0
2017
   17.242820   16.488439   -4.38%   0
2016
   13.131447   17.242820   31.31%   0
2015
   16.848051   13.131447   -22.06%   0
2014
   19.637967   16.848051   -14.21%   0
63

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2 - Q/NQ
2020
   30.799092   32.241802   4.68%   0
2019
   24.637289   30.799092   25.01%   0
2018
   27.391565   24.637289   -10.06%   0
2017
   24.722339   27.391565   10.80%   0
2016
   21.354259   24.722339   15.77%   0
2015
   22.673548   21.354259   -5.82%   0
2014
   21.251873   22.673548   6.69%   0
Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2 - Q/NQ
2020
   14.677268   15.531297   5.82%   0
2019
   11.507884   14.677268   27.54%   0
2018
   12.886674   11.507884   -10.70%   0
2017
   11.235772   12.886674   14.69%   0
2016*
   10.000000   11.235772   12.36%   0
Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2 - Q/NQ
2020
   43.389892   61.259048   41.18%   0
2019
   32.929446   43.389892   31.77%   0
2018
   33.630433   32.929446   -2.08%   0
2017
   25.362483   33.630433   32.60%   0
2016
   25.645772   25.362483   -1.10%   0
2015
   24.391915   25.645772   5.14%   0
2014
   22.340738   24.391915   9.18%   0
Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2 - Q/NQ
2020
   14.870278   15.965090   7.36%   0
2019
   13.820065   14.870278   7.60%   0
2018
   14.164705   13.820065   -2.43%   0
2017
   13.848848   14.164705   2.28%   0
2016
   13.477057   13.848848   2.76%   0
2015
   13.820605   13.477057   -2.49%   0
2014
   13.305010   13.820605   3.88%   0
Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2 - Q/NQ
2020
   46.543602   53.954595   15.92%   0
2019
   38.421310   46.543602   21.14%   0
2018
   45.841769   38.421310   -16.19%   0
2017
   38.667425   45.841769   18.55%   0
2016
   35.126163   38.667425   10.08%   0
2015
   36.306858   35.126163   -3.25%   0
2014
   34.815999   36.306858   4.28%   0
Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class 2 - Q/NQ
2020
   27.430587   31.114658   13.43%   0
2019
   21.874947   27.430587   25.40%   0
2018
   26.187171   21.874947   -16.47%   0
2017
   20.482786   26.187171   27.85%   0
2016
   21.983658   20.482786   -6.83%   0
2015
   21.639179   21.983658   1.59%   0
64

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
Fidelity Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class 2 - Q/NQ
2020
   13.615386   12.481334   -8.33%   0
2019
   11.259764   13.615386   20.92%   0
2018
   12.239861   11.259764   -8.01%   0
2017
   11.992327   12.239861   2.06%   0
Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2 - Q/NQ
2020
   14.647577   16.097633   9.90%   0
2019
   12.425654   14.647577   17.88%   0
2018
   13.984680   12.425654   -11.15%   0
2017
   12.697613   13.984680   10.14%   1,266
2016
   11.406598   12.697613   11.32%   1,261
2015
   12.366353   11.406598   -7.76%   1,282
2014
   12.225632   12.366353   1.15%   1,218
Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2 - Q/NQ
2020
   17.682518   17.511381   -0.97%   0
2019
   15.491413   17.682518   14.14%   0
2018
   16.461281   15.491413   -5.89%   0
2017
   15.260483   16.461281   7.87%   0
2016
   13.607542   15.260483   12.15%   0
2015
   14.885982   13.607542   -8.59%   0
2014
   14.467906   14.885982   2.89%   0
Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2 - Q/NQ
2020
   43.083753   44.571530   3.45%   0
2019
   34.671297   43.083753   24.26%   0
2018
   40.467260   34.671297   -14.32%   0
2017
   37.183505   40.467260   8.83%   0
2016
   29.039191   37.183505   28.05%   0
2015
   31.881551   29.039191   -8.92%   0
2014
   32.232450   31.881551   -1.09%   0
Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2 - Q/NQ
2020
   9.363064   8.722225   -6.84%   0
2019
   9.332292   9.363064   0.33%   0
2018
   9.309334   9.332292   0.25%   0
2017
   9.286254   9.309334   0.25%   0
2016
   9.172095   9.286254   1.24%   0
2015
   9.745520   9.172095   -5.88%   0
2014
   9.730649   9.745520   0.15%   0
Goldman Sachs Variable Insurance Trust - Goldman Sachs Global Trends Allocation Fund: Service Shares - Q/NQ
2020
   12.754547   13.060102   2.40%   0
2019
   11.585598   12.754547   10.09%   0
2018
   12.315034   11.585598   -5.92%   0
2017
   11.069643   12.315034   11.25%   0
2016
   10.786953   11.069643   2.62%   0
2015
   11.645371   10.786953   -7.37%   0
2014
   11.391312   11.645371   2.23%   0
65

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares - Q/NQ
2020
   10.042786   10.540772   4.96%   0
2019
   9.383474   10.042786   7.03%   0
2018*
   10.000000   9.383474   -6.17%   0
Guggenheim Variable Fund - Multi-Hedge Strategies - Q/NQ
2020
   9.807373   10.358178   5.62%   0
2019
   9.495864   9.807373   3.28%   0
2018
   10.172263   9.495864   -6.65%   0
2017
   9.975872   10.172263   1.97%   0
2016
   10.192068   9.975872   -2.12%   0
2015
   10.174936   10.192068   0.17%   0
2014
   9.885040   10.174936   2.93%   0
Invesco - Invesco V.I. Global Fund: Series II - Q/NQ
2020
   43.340292   54.277838   25.24%   0
2019
   33.522965   43.340292   29.29%   0
2018
   39.360444   33.522965   -14.83%   0
2017
   29.356440   39.360444   34.08%   0
2016
   29.894560   29.356440   -1.80%   0
2015
   29.319400   29.894560   1.96%   0
2014
   29.210737   29.319400   0.37%   0
Invesco - Invesco V.I. Main Street Fund: Series II - Q/NQ
2020
   34.427665   38.496199   11.82%   0
2019
   26.571899   34.427665   29.56%   0
2018
   29.400988   26.571899   -9.62%   0
2017
   25.629171   29.400988   14.72%   0
2016
   23.412674   25.629171   9.47%   0
2015
   23.088145   23.412674   1.41%   0
2014
   21.263917   23.088145   8.58%   0
Invesco - Invesco V.I. Main Street Mid Cap Fund: Series II Shares - Q/NQ
2020
   16.244303   17.404544   7.14%   0
2019
   13.209515   16.244303   22.97%   0
2018
   15.195005   13.209515   -13.07%   0
2017
   13.474707   15.195005   12.77%   0
2016
   12.106593   13.474707   11.30%   0
2015
   12.860223   12.106593   -5.86%   0
2014
   12.552587   12.860223   2.45%   0
Invesco - Invesco V.I. Main Street Small Cap Fund: Series II - Q/NQ
2020
   45.739139   53.817660   17.66%   0
2019
   36.870814   45.739139   24.05%   0
2018
   41.909802   36.870814   -12.02%   0
2017
   37.407343   41.909802   12.04%   0
2016
   32.321260   37.407343   15.74%   0
2015
   34.996153   32.321260   -7.64%   0
2014
   31.869053   34.996153   9.81%   0
66

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
Invesco Oppenheimer V.I. International Growth Fund: Series II - Q/NQ
2020
   10.827097   12.889134   19.05%   0
2019
   8.603793   10.827097   25.84%   0
2018
   10.875352   8.603793   -20.89%   0
2017
   8.744693   10.875352   24.37%   0
2016
   9.139166   8.744693   -4.32%   0
2015
   9.012580   9.139166   1.40%   0
2014*
   10.000000   9.012580   -9.87%   0
Ivy Variable Insurance Portfolios - Asset Strategy: Class II - Q/NQ
2020
   17.361594   19.444813   12.00%   0
2019
   14.495907   17.361594   19.77%   0
2018
   15.588357   14.495907   -7.01%   0
2017
   13.400445   15.588357   16.33%   0
2016
   13.983784   13.400445   -4.17%   0
2015
   15.513267   13.983784   -9.86%   0
2014
   16.650245   15.513267   -6.83%   0
Ivy Variable Insurance Portfolios - High Income: Class II - Q/NQ
2020
   13.639521   14.223065   4.28%   0
2019
   12.472334   13.639521   9.36%   0
2018
   12.956764   12.472334   -3.74%   0
2017
   12.348801   12.956764   4.92%   0
2016
   10.806205   12.348801   14.28%   0
2015
   11.751983   10.806205   -8.05%   0
2014
   11.725794   11.751983   0.22%   0
Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II - Q/NQ
2020
   21.917253   32.118700   46.55%   0
2019
   16.155399   21.917253   35.67%   0
2018
   16.437569   16.155399   -1.72%   0
2017
   13.170218   16.437569   24.81%   0
2016
   12.618843   13.170218   4.37%   0
2015
   13.617682   12.618843   -7.33%   0
2014
   12.836009   13.617682   6.09%   0
Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares - Q/NQ
2020
   10.409984   11.287805   8.43%   0
2019
   9.685984   10.409984   7.47%   0
2018
   9.977728   9.685984   -2.92%   0
2017
   9.815559   9.977728   1.65%   0
2016
   9.762875   9.815559   0.54%   0
2015*
   10.000000   9.762875   -2.37%   0
Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares - Q/NQ
2020
   55.250091   75.550176   36.74%   0
2019
   41.049333   55.250091   34.59%   0
2018
   41.036602   41.049333   0.03%   0
2017
   32.095490   41.036602   27.86%   0
2016
   32.010671   32.095490   0.26%   0
2015
   29.076710   32.010671   10.09%   0
2014
   27.256491   29.076710   6.68%   0
67

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares - Q/NQ
2020
   33.035572   48.973360   48.24%   0
2019
   23.194144   33.035572   42.43%   0
2018
   23.373017   23.194144   -0.77%   0
2017
   16.398546   23.373017   42.53%   0
2016
   14.644397   16.398546   11.98%   0
2015
   14.229062   14.644397   2.92%   0
2014
   13.230980   14.229062   7.54%   0
Janus Aspen Series - Janus Henderson Overseas Portfolio: Service Shares - Q/NQ
2020
   31.887636   36.386341   14.11%   0
2019
   25.588668   31.887636   24.62%   0
2018
   30.661694   25.588668   -16.55%   0
2017
   23.832821   30.661694   28.65%   0
2016
   25.973819   23.832821   -8.24%   0
2015
   28.959507   25.973819   -10.31%   0
2014
   33.499463   28.959507   -13.55%   0
JPMorgan Insurance Trust - JPMorgan Insurance Trust Core Bond Portfolio: Class 2 - Q/NQ
2020
   9.946559   10.533896   5.90%   0
2019*
   10.000000   9.946559   -0.53%   0
Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares - Q/NQ
2020
   10.063943   9.771641   -2.90%   0
2019
   8.661421   10.063943   16.19%   0
2018
   10.814437   8.661421   -19.91%   0
2017
   8.601727   10.814437   25.72%   0
2016
   7.240929   8.601727   18.79%   0
2015
   9.209577   7.240929   -21.38%   0
2014
   9.819462   9.209577   -6.21%   0
Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC - Q/NQ
2020
   10.549151   11.145648   5.65%   0
2019
   9.894051   10.549151   6.62%   0
2018
   10.165317   9.894051   -2.67%   0
2017
   9.950906   10.165317   2.15%   0
2016*
   10.000000   9.950906   -0.49%   0
MFS® Variable Insurance Trust - MFS New Discovery Series: Service Class - Q/NQ
2020
   22.156775   31.724982   43.18%   0
2019
   15.946496   22.156775   38.94%   0
2018
   16.498920   15.946496   -3.35%   0
2017
   13.278389   16.498920   24.25%   0
2016
   12.408729   13.278389   7.01%   0
2015
   12.893589   12.408729   -3.76%   0
2014
   14.172082   12.893589   -9.02%   0
68

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
MFS® Variable Insurance Trust - MFS Value Series: Service Class - Q/NQ
2020
   38.557866   39.142849   1.52%   0
2019
   30.272503   38.557866   27.37%   0
2018
   34.339861   30.272503   -11.84%   0
2017
   29.752621   34.339861   15.42%   0
2016
   26.587673   29.752621   11.90%   0
2015
   27.288613   26.587673   -2.57%   0
2014
   25.177682   27.288613   8.38%   0
MFS® Variable Insurance Trust II - MFS International Growth Portfolio: Service Class - Q/NQ
2020
   10.832229   12.304888   13.60%   0
2019*
   10.000000   10.832229   8.32%   0
MFS® Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Service Class - Q/NQ
2020
   21.554354   25.482261   18.22%   0
2019
   17.441611   21.554354   23.58%   0
2018
   19.646427   17.441611   -11.22%   1,524
2017
   15.750743   19.646427   24.73%   1,495
2016
   15.421840   15.750743   2.13%   1,619
2015
   14.748434   15.421840   4.57%   468
2014
   14.827911   14.748434   -0.54%   0
MFS® Variable Insurance Trust II - MFS Research International Portfolio: Service Class - Q/NQ
2020*
   10.000000   13.290986   32.91%   0
MFS® Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Service Class - Q/NQ
2020*
   10.000000   13.602733   36.03%   0
Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II - Q/NQ
2020
   11.700741   11.342426   -3.06%   0
2019
   9.304199   11.700741   25.76%   0
2018
   10.271536   9.304199   -9.42%   0
2017
   9.279337   10.271536   10.69%   0
2016
   8.206307   9.279337   13.08%   0
2015*
   10.000000   8.206307   -17.94%   0
Mutual Fund and Variable Insurance Trust - Rational Insider Buying VA Fund - Q/NQ
2020
   21.254228   23.858713   12.25%   0
2019
   17.427837   21.254228   21.96%   0
2018
   19.093066   17.427837   -8.72%   0
2017
   16.518590   19.093066   15.59%   0
2016
   15.130026   16.518590   9.18%   0
2015
   16.571602   15.130026   -8.70%   0
2014
   17.204761   16.571602   -3.68%   0
69

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class II - Q/NQ
2020
   13.116875   19.448528   48.27%   0
2019
   10.039993   13.116875   30.65%   0
2018
   12.251799   10.039993   -18.05%   0
2017
   9.922807   12.251799   23.47%   0
2016
   10.344520   9.922807   -4.08%   0
2015
   10.587382   10.344520   -2.29%   0
2014
   10.912556   10.587382   -2.98%   0
Nationwide Variable Insurance Trust - NVIT American Funds Asset Allocation Fund: Class II - Q/NQ
2020
   19.162594   21.107519   10.15%   26,984
2019
   16.131510   19.162594   18.79%   0
2018
   17.263241   16.131510   -6.56%   6,646
2017
   15.158080   17.263241   13.89%   8,215
2016
   14.139190   15.158080   7.21%   8,348
2015
   14.236307   14.139190   -0.68%   3,595
2014
   13.787099   14.236307   3.26%   1,601
Nationwide Variable Insurance Trust - NVIT American Funds Bond Fund: Class II - Q/NQ
2020
   11.980625   12.867687   7.40%   0
2019
   11.177511   11.980625   7.19%   0
2018
   11.489405   11.177511   -2.71%   7,799
2017
   11.318136   11.489405   1.51%   7,437
2016
   11.210365   11.318136   0.96%   6,711
2015
   11.424829   11.210365   -1.88%   1,920
2014
   11.065597   11.424829   3.25%   0
Nationwide Variable Insurance Trust - NVIT American Funds Global Growth Fund: Class II - Q/NQ
2020
   23.646581   30.217206   27.79%   0
2019
   17.839021   23.646581   32.56%   0
2018
   20.027113   17.839021   -10.93%   0
2017
   15.547460   20.027113   28.81%   0
2016
   15.778035   15.547460   -1.46%   0
2015
   15.057525   15.778035   4.79%   0
2014
   15.034179   15.057525   0.16%   0
Nationwide Variable Insurance Trust - NVIT American Funds Growth Fund: Class II - Q/NQ
2020
   25.439013   37.903734   49.00%   0
2019
   19.853052   25.439013   28.14%   0
2018
   20.321420   19.853052   -2.30%   0
2017
   16.167261   20.321420   25.69%   0
2016
   15.071677   16.167261   7.27%   0
2015
   14.399082   15.071677   4.67%   0
2014
   13.547789   14.399082   6.28%   0
70

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT American Funds Growth-Income Fund: Class II - Q/NQ
2020
   20.318331   22.596490   11.21%   0
2019
   16.439629   20.318331   23.59%   0
2018
   17.090445   16.439629   -3.81%   6,308
2017
   14.251395   17.090445   19.92%   6,838
2016
   13.043631   14.251395   9.26%   7,275
2015
   13.119893   13.043631   -0.58%   2,206
2014
   12.102238   13.119893   8.41%   0
Nationwide Variable Insurance Trust - NVIT Amundi Multi Sector Bond Fund: Class I - Q/NQ
2020
   16.526180   16.913387   2.34%   0
2019
   15.392164   16.526180   7.37%   0
2018
   16.027675   15.392164   -3.97%   0
2017
   15.325481   16.027675   4.58%   0
2016
   14.341779   15.325481   6.86%   0
2015
   15.016419   14.341779   -4.49%   0
2014
   14.697545   15.016419   2.17%   0
Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class II - Q/NQ
2020
   34.641275   37.494712   8.24%   0
2019
   27.299464   34.641275   26.89%   0
2018
   27.837277   27.299464   -1.93%   0
2017
   23.537668   27.837277   18.27%   0
2016
   21.529231   23.537668   9.33%   0
2015
   21.746498   21.529231   -1.00%   0
2014
   19.774667   21.746498   9.97%   0
Nationwide Variable Insurance Trust - NVIT BlackRock Equity Dividend Fund: Class II - Q/NQ
2020
   34.277438   34.840345   1.64%   0
2019
   27.441603   34.277438   24.91%   0
2018
   30.154151   27.441603   -9.00%   0
2017
   26.050628   30.154151   15.75%   0
2016
   22.527552   26.050628   15.64%   0
2015
   24.501990   22.527552   -8.06%   0
2014
   22.871470   24.501990   7.13%   0
Nationwide Variable Insurance Trust - NVIT BlackRock Managed Global Allocation Fund: Class II - Q/NQ
2020
   11.120522   12.528049   12.66%   0
2019
   9.836933   11.120522   13.05%   0
2018
   10.928684   9.836933   -9.99%   0
2017
   9.382024   10.928684   16.49%   0
2016
   9.263430   9.382024   1.28%   0
2015*
   10.000000   9.263430   -7.37%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class II - Q/NQ
2020
   16.285289   18.028192   10.70%   0
2019
   13.357885   16.285289   21.92%   0
2018
   15.218618   13.357885   -12.23%   0
2017
   12.915971   15.218618   17.83%   0
2016
   12.118511   12.915971   6.58%   0
2015
   12.541800   12.118511   -3.38%   0
2014
   12.203446   12.541800   2.77%   0
71

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II - Q/NQ
2020
   14.614590   15.764819   7.87%   0
2019
   12.790380   14.614590   14.26%   0
2018
   13.870830   12.790380   -7.79%   8,513
2017
   12.586067   13.870830   10.21%   8,337
2016
   12.059987   12.586067   4.36%   8,168
2015
   12.393614   12.059987   -2.69%   2,370
2014
   12.082298   12.393614   2.58%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class II - Q/NQ
2020
   15.739031   17.254354   9.63%   0
2019
   13.309223   15.739031   18.26%   0
2018
   14.736256   13.309223   -9.68%   0
2017
   12.937855   14.736256   13.90%   0
2016
   12.256900   12.937855   5.56%   0
2015
   12.630362   12.256900   -2.96%   0
2014
   12.266075   12.630362   2.97%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II - Q/NQ
2020
   12.799675   13.544330   5.82%   0
2019
   11.759587   12.799675   8.84%   0
2018
   12.277824   11.759587   -4.22%   0
2017
   11.736944   12.277824   4.61%   0
2016
   11.407105   11.736944   2.89%   0
2015
   11.684228   11.407105   -2.37%   0
2014
   11.496666   11.684228   1.63%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II - Q/NQ
2020
   12.268436   12.674343   3.31%   0
2019
   10.956475   12.268436   11.97%   0
2018
   11.981528   10.956475   -8.56%   0
2017
   10.614626   11.981528   12.88%   0
2016
   10.224098   10.614626   3.82%   0
2015
   10.862050   10.224098   -5.87%   0
2014
   10.800181   10.862050   0.57%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II - Q/NQ
2020
   12.763112   13.476335   5.59%   0
2019
   11.243936   12.763112   13.51%   0
2018
   12.303929   11.243936   -8.62%   0
2017
   10.620283   12.303929   15.85%   0
2016
   10.166400   10.620283   4.46%   0
2015
   10.866922   10.166400   -6.45%   0
2014
   10.938387   10.866922   -0.65%   0
72

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II - Q/NQ
2020
   15.226353   16.575918   8.86%   0
2019
   13.104112   15.226353   16.20%   0
2018
   14.341530   13.104112   -8.63%   0
2017
   12.794196   14.341530   12.09%   0
2016
   12.186954   12.794196   4.98%   0
2015
   12.524925   12.186954   -2.70%   0
2014
   12.178483   12.524925   2.84%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class II - Q/NQ
2020
   15.997883   17.662943   10.41%   0
2019
   13.307786   15.997883   20.21%   0
2018
   14.953421   13.307786   -11.01%   0
2017
   12.876795   14.953421   16.13%   0
2016
   12.168475   12.876795   5.82%   0
2015
   12.562036   12.168475   -3.13%   0
2014
   12.215547   12.562036   2.84%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II - Q/NQ
2020
   14.101717   15.124923   7.26%   0
2019
   12.544254   14.101717   12.42%   0
2018
   13.393879   12.544254   -6.34%   0
2017
   12.392838   13.393879   8.08%   0
2016
   11.887203   12.392838   4.25%   0
2015
   12.216771   11.887203   -2.70%   0
2014
   11.934538   12.216771   2.36%   0
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class I - Q/NQ
2020
   15.161423   15.683624   3.44%   0
2019
   13.704553   15.161423   10.63%   0
2018
   16.529178   13.704553   -17.09%   0
2017
   13.694518   16.529178   20.70%   0
2016
   13.770088   13.694518   -0.55%   0
2015
   14.569816   13.770088   -5.49%   0
2014
   16.128251   14.569816   -9.66%   0
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class Z - Q/NQ
2020*
   10.000000   11.741826   17.42%   0
Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class II - Q/NQ
2020
   12.976027   13.626201   5.01%   0
2019
   12.138008   12.976027   6.90%   0
2018
   12.428266   12.138008   -2.34%   0
2017
   12.129254   12.428266   2.47%   0
2016
   11.744339   12.129254   3.28%   0
2015
   12.047456   11.744339   -2.52%   0
2014
   11.702042   12.047456   2.95%   0
73

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class II - Q/NQ
2020
   13.840127   14.842290   7.24%   0
2019
   12.840435   13.840127   7.79%   0
2018
   13.249628   12.840435   -3.09%   0
2017
   12.982269   13.249628   2.06%   0
2016
   12.773369   12.982269   1.64%   0
2015
   13.055192   12.773369   -2.16%   0
2014
   12.656385   13.055192   3.15%   0
Nationwide Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class II - Q/NQ
2020
   10.556898   10.771246   2.03%   0
2019
   10.070756   10.556898   4.83%   0
2018*
   10.000000   10.070756   0.71%   0
Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class II - Q/NQ
2020
   35.289258   39.217995   11.13%   0
2019
   29.251414   35.289258   20.64%   0
2018
   36.122641   29.251414   -19.02%   0
2017
   26.006358   36.122641   38.90%   0
2016
   24.601602   26.006358   5.71%   0
2015
   29.862097   24.601602   -17.62%   0
2014
   32.208857   29.862097   -7.29%   0
Nationwide Variable Insurance Trust - NVIT Federated High Income Bond Fund: Class I - Q/NQ
2020
   24.093528   25.121383   4.27%   0
2019
   21.350492   24.093528   12.85%   0
2018
   22.381909   21.350492   -4.61%   0
2017
   21.316028   22.381909   5.00%   0
2016
   18.985039   21.316028   12.28%   0
2015
   19.820365   18.985039   -4.21%   0
2014
   19.651702   19.820365   0.86%   0
Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I - Q/NQ
2020
   12.757607   13.310325   4.33%   0
2019
   12.206255   12.757607   4.52%   0
2018
   12.418127   12.206255   -1.71%   0
2017
   12.368097   12.418127   0.40%   0
2016
   12.482446   12.368097   -0.92%   0
2015
   12.705689   12.482446   -1.76%   0
2014
   12.354370   12.705689   2.84%   0
Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I - Q/NQ
2020
   9.103709   8.975301   -1.41%   0
2019
   9.094430   9.103709   0.10%   0
2018
   9.121003   9.094430   -0.29%   0
2017
   9.234687   9.121003   -1.23%   0
2016
   9.388472   9.234687   -1.64%   0
2015
   9.545978   9.388472   -1.65%   0
2014
   9.706126   9.545978   -1.65%   0
74

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II - Q/NQ
2020
   10.070337   10.665319   5.91%   0
2019
   8.610692   10.070337   16.95%   0
2018
   10.277293   8.610692   -16.22%   0
2017
   8.222863   10.277293   24.98%   0
2016
   8.307785   8.222863   -1.02%   0
2015
   8.728301   8.307785   -4.82%   0
2014
   8.939087   8.728301   -2.36%   0
Nationwide Variable Insurance Trust - NVIT International Index Fund: Class VIII - Q/NQ
2020
   11.276370   11.880723   5.36%   0
2019
   9.459854   11.276370   19.20%   0
2018
   11.201954   9.459854   -15.55%   0
2017
   9.151249   11.201954   22.41%   0
2016
   9.255949   9.151249   -1.13%   0
2015
   9.543806   9.255949   -3.02%   0
2014
   10.344002   9.543806   -7.74%   0
Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II - Q/NQ
2020
   31.768985   35.249303   10.96%   0
2019
   26.106345   31.768985   21.69%   0
2018
   29.125902   26.106345   -10.37%   0
2017
   25.004822   29.125902   16.48%   0
2016
   23.224311   25.004822   7.67%   0
2015
   23.852035   23.224311   -2.63%   0
2014
   23.100556   23.852035   3.25%   0
Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II - Q/NQ
2020
   18.135447   19.513947   7.60%   0
2019
   15.987067   18.135447   13.44%   0
2018
   17.085329   15.987067   -6.43%   0
2017
   15.631263   17.085329   9.30%   2,038
2016
   14.950504   15.631263   4.55%   2,001
2015
   15.227773   14.950504   -1.82%   1,986
2014
   14.804424   15.227773   2.86%   2,003
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II - Q/NQ
2020
   22.092620   24.252684   9.78%   0
2019
   18.728646   22.092620   17.96%   0
2018
   20.362201   18.728646   -8.02%   0
2017
   18.032452   20.362201   12.92%   0
2016
   17.017118   18.032452   5.97%   0
2015
   17.395140   17.017118   -2.17%   0
2014
   16.810804   17.395140   3.48%   0
75

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II - Q/NQ
2020
   15.129501   15.879077   4.95%   0
2019
   14.044462   15.129501   7.73%   0
2018
   14.543673   14.044462   -3.43%   0
2017
   13.991871   14.543673   3.94%   0
2016
   13.644204   13.991871   2.55%   0
2015
   13.836473   13.644204   -1.39%   0
2014
   13.541776   13.836473   2.18%   0
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II - Q/NQ
2020
   12.265374   12.613102   2.84%   0
2019
   11.036565   12.265374   11.13%   0
2018
   11.891755   11.036565   -7.19%   0
2017
   10.602978   11.891755   12.15%   0
2016
   10.198269   10.602978   3.97%   0
2015
   10.716720   10.198269   -4.84%   0
2014
   10.635326   10.716720   0.77%   0
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II - Q/NQ
2020
   12.843101   13.430497   4.57%   0
2019
   11.330796   12.843101   13.35%   0
2018
   12.264497   11.330796   -7.61%   0
2017
   10.661199   12.264497   15.04%   0
2016
   10.135093   10.661199   5.19%   0
2015
   10.729490   10.135093   -5.54%   0
2014
   10.723588   10.729490   0.06%   0
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II - Q/NQ
2020
   23.465989   25.466245   8.52%   0
2019
   20.263831   23.465989   15.80%   0
2018
   21.846601   20.263831   -7.24%   0
2017
   19.669423   21.846601   11.07%   0
2016
   18.665241   19.669423   5.38%   0
2015
   19.042127   18.665241   -1.98%   0
2014
   18.407859   19.042127   3.45%   0
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II - Q/NQ
2020
   28.386166   31.359716   10.48%   0
2019
   23.691041   28.386166   19.82%   0
2018
   26.108061   23.691041   -9.26%   0
2017
   22.750329   26.108061   14.76%   0
2016
   21.322478   22.750329   6.70%   0
2015
   21.839610   21.322478   -2.37%   0
2014
   21.157248   21.839610   3.23%   0
76

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II - Q/NQ
2020
   19.157026   20.452346   6.76%   0
2019
   17.164136   19.157026   11.61%   0
2018
   18.130322   17.164136   -5.33%   0
2017
   16.878866   18.130322   7.41%   0
2016
   16.235366   16.878866   3.96%   0
2015
   16.512796   16.235366   -1.68%   0
2014
   16.030088   16.512796   3.01%   0
Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II - Q/NQ
2020
   10.448759   11.008516   5.36%   0
2019*
   10.000000   10.448759   4.49%   0
Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II - Q/NQ
2020
   10.748882   12.237643   13.85%   0
2019*
   10.000000   10.748882   7.49%   0
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund: Class II - Q/NQ
2020
   10.081668   10.065007   -0.17%   0
2019*
   10.000000   10.081668   0.82%   0
Nationwide Variable Insurance Trust - NVIT J.P. Morgan U.S. Equity Fund: Class II - Q/NQ
2020
   10.956574   13.577000   23.92%   0
2019*
   10.000000   10.956574   9.57%   0
Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class II - Q/NQ
2020
   22.361547   28.572042   27.77%   0
2019
   17.460371   22.361547   28.07%   0
2018
   18.370489   17.460371   -4.95%   0
2017
   14.380861   18.370489   27.74%   0
2016
   14.336160   14.380861   0.31%   0
2015
   14.134326   14.336160   1.43%   0
2014
   13.047356   14.134326   8.33%   0
Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II - Q/NQ
2020
   12.903690   13.590786   5.32%   0
2019
   11.028120   12.903690   17.01%   0
2018
   11.782132   11.028120   -6.40%   0
2017
   10.190473   11.782132   15.62%   0
2016
   9.545097   10.190473   6.76%   0
2015
   9.928340   9.545097   -3.86%   0
2014*
   10.000000   9.928340   -0.72%   0
Nationwide Variable Insurance Trust - NVIT Managed American Funds Growth-Income Fund: Class II - Q/NQ
2020
   14.847975   15.622448   5.22%   0
2019
   12.376380   14.847975   19.97%   0
2018
   12.917823   12.376380   -4.19%   0
2017
   10.792322   12.917823   19.69%   0
2016
   9.971254   10.792322   8.23%   0
2015
   10.124221   9.971254   -1.51%   0
2014*
   10.000000   10.124221   1.24%   0
77

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class II - Q/NQ
2020
   37.666250   43.908571   16.57%   0
2019
   27.887056   37.666250   35.07%   0
2018
   28.801336   27.887056   -3.17%   0
2017
   23.045089   28.801336   24.98%   0
2016
   22.676774   23.045089   1.62%   0
2015
   21.996440   22.676774   3.09%   0
2014
   20.601502   21.996440   6.77%   0
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class II - Q/NQ
2020
   29.058373   28.977106   -0.28%   0
2019
   23.322735   29.058373   24.59%   0
2018
   26.197263   23.322735   -10.97%   0
2017
   24.562893   26.197263   6.65%   0
2016
   20.774734   24.562893   18.23%   0
2015
   22.105173   20.774734   -6.02%   0
2014
   19.899468   22.105173   11.08%   0
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class Z - Q/NQ
2020*
   10.000000   11.791072   17.91%   0
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I - Q/NQ
2020
   46.445050   51.669473   11.25%   0
2019
   37.583496   46.445050   23.58%   0
2018
   43.127455   37.583496   -12.85%   0
2017
   37.872839   43.127455   13.87%   0
2016
   32.011469   37.872839   18.31%   0
2015
   33.394841   32.011469   -4.14%   0
2014
   31.031799   33.394841   7.61%   0
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II - Q/NQ
2020
   21.916001   21.307625   -2.78%   0
2019
   17.993015   21.916001   21.80%   0
2018
   21.068266   17.993015   -14.60%   0
2017
   18.816657   21.068266   11.97%   0
2016
   16.269097   18.816657   15.66%   0
2015
   17.033591   16.269097   -4.49%   0
2014
   14.800321   17.033591   15.09%   0
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class II - Q/NQ
2020
   34.288127   47.385306   38.20%   0
2019
   25.752750   34.288127   33.14%   0
2018
   28.531605   25.752750   -9.74%   0
2017
   23.272870   28.531605   22.60%   0
2016
   21.897684   23.272870   6.28%   0
2015
   22.147784   21.897684   -1.13%   0
2014
   21.961929   22.147784   0.85%   0
78

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class II - Q/NQ
2020
   38.600278   39.842993   3.22%   0
2019
   33.067221   38.600278   16.73%   0
2018
   40.572715   33.067221   -18.50%   0
2017
   37.931250   40.572715   6.96%   0
2016
   30.701789   37.931250   23.55%   0
2015
   33.312036   30.701789   -7.84%   0
2014
   31.724661   33.312036   5.00%   0
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class II - Q/NQ
2020
   40.173890   48.344227   20.34%   0
2019
   32.586063   40.173890   23.29%   0
2018
   38.014717   32.586063   -14.28%   0
2017
   34.143917   38.014717   11.34%   0
2016
   28.328748   34.143917   20.53%   0
2015
   29.360475   28.328748   -3.51%   0
2014
   29.688039   29.360475   -1.10%   0
Nationwide Variable Insurance Trust - NVIT Neuberger Berman Multi Cap Opportunities Fund: Class II - Q/NQ
2020
   20.142146   22.464458   11.53%   0
2019
   15.989232   20.142146   25.97%   0
2018
   17.116113   15.989232   -6.58%   0
2017
   13.948686   17.116113   22.71%   0
2016
   12.490403   13.948686   11.68%   0
2015
   12.853274   12.490403   -2.82%   0
2014
   12.264459   12.853274   4.80%   0
Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class II - Q/NQ
2020
   20.958061   23.361438   11.47%   0
2019
   16.906180   20.958061   23.97%   0
2018
   18.264476   16.906180   -7.44%   0
2017
   15.688931   18.264476   16.42%   0
2016
   14.486934   15.688931   8.30%   0
2015
   14.791884   14.486934   -2.06%   0
2014
   13.609689   14.791884   8.69%   0
Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class II - Q/NQ
2020
   17.107187   15.866252   -7.25%   0
2019
   13.334451   17.107187   28.29%   0
2018
   14.132825   13.334451   -5.65%   0
2017
   13.537596   14.132825   4.40%   0
2016
   12.842357   13.537596   5.41%   0
2015
   13.841305   12.842357   -7.22%   0
2014
   10.943023   13.841305   26.49%   0
79

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT S&P 500® Index Fund: Class II - Q/NQ
2020
   20.263455   23.486724   15.91%   0
2019
   15.747039   20.263455   28.68%   0
2018
   16.833064   15.747039   -6.45%   0
2017
   14.118129   16.833064   19.23%   0
2016
   12.885837   14.118129   9.56%   0
2015
   12.979641   12.885837   -0.72%   0
2014
   11.671121   12.979641   11.21%   0
Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II - Q/NQ
2020
   10.319089   10.436235   1.14%   0
2019
   10.080203   10.319089   2.37%   0
2018
   10.166849   10.080203   -0.85%   0
2017
   10.176246   10.166849   -0.09%   0
2016
   10.094967   10.176246   0.81%   0
2015
   10.299452   10.094967   -1.99%   0
2014
   10.420778   10.299452   -1.16%   0
Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II - Q/NQ
2020
   17.255591   20.249406   17.35%   0
2019
   14.040535   17.255591   22.90%   0
2018
   16.104258   14.040535   -12.81%   0
2017
   14.340085   16.104258   12.30%   0
2016
   12.062447   14.340085   18.88%   0
2015
   12.894319   12.062447   -6.45%   0
2014
   12.539903   12.894319   2.83%   0
Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class II - Q/NQ
2020
   22.338609   35.261848   57.85%   0
2019
   16.598711   22.338609   34.58%   0
2018
   18.158652   16.598711   -8.59%   0
2017
   14.477710   18.158652   25.42%   0
2016
   13.879452   14.477710   4.31%   0
2015
   14.161282   13.879452   -1.99%   0
2014
   13.882497   14.161282   2.01%   0
Northern Lights Variable Trust - TOPS® Managed Risk Balanced ETF Portfolio: Class 4 - Q/NQ
2020
   11.827986   12.268218   3.72%   0
2019
   10.533352   11.827986   12.29%   0
2018
   11.444391   10.533352   -7.96%   0
2017
   10.554933   11.444391   8.43%   0
2016
   10.141738   10.554933   4.07%   0
2015
   10.828346   10.141738   -6.34%   0
2014
   10.721577   10.828346   1.00%   0
80

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
Northern Lights Variable Trust - TOPS® Managed Risk Growth ETF Portfolio: Class 4 - Q/NQ
2020
   12.634559   13.028784   3.12%   0
2019
   11.013763   12.634559   14.72%   0
2018
   12.319019   11.013763   -10.60%   0
2017
   10.674617   12.319019   15.40%   0
2016
   10.321494   10.674617   3.42%   0
2015
   11.580816   10.321494   -10.87%   0
2014
   11.671931   11.580816   -0.78%   0
Northern Lights Variable Trust - TOPS® Managed Risk Moderate Growth ETF Portfolio: Class 4 - Q/NQ
2020
   12.617585   13.095658   3.79%   0
2019
   11.070922   12.617585   13.97%   0
2018
   12.185655   11.070922   -9.15%   0
2017
   10.904697   12.185655   11.75%   0
2016
   10.474882   10.904697   4.10%   0
2015
   11.412092   10.474882   -8.21%   0
2014
   11.320708   11.412092   0.81%   0
PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor Class - Q/NQ
2020
   11.652826   12.366851   6.13%   0
2019
   10.603120   11.652826   9.90%   0
2018
   11.403130   10.603120   -7.02%   0
2017
   10.225816   11.403130   11.51%   0
2016
   9.208520   10.225816   11.05%   0
2015
   10.310360   9.208520   -10.69%   0
2014
   10.435877   10.310360   -1.20%   0
PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Advisor Class - Q/NQ
2020
   11.098612   11.633690   4.82%   0
2019
   9.842622   11.098612   12.76%   0
2018
   10.516109   9.842622   -6.40%   0
2017
   9.739502   10.516109   7.97%   0
2016
   8.746732   9.739502   11.35%   0
2015
   9.108919   8.746732   -3.98%   0
2014
   9.133459   9.108919   -0.27%   0
PIMCO Variable Insurance Trust - International Bond Portfolio (Unhedged): Advisor Class - Q/NQ
2020
   11.649234   12.678597   8.84%   0
2019
   11.078319   11.649234   5.15%   0
2018
   11.743583   11.078319   -5.66%   0
2017
   10.782586   11.743583   8.91%   0
2016
   10.653665   10.782586   1.21%   0
2015
   11.669747   10.653665   -8.71%   0
2014
   11.829924   11.669747   -1.35%   0
81

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class - Q/NQ
2020
   11.185251   11.318577   1.19%   0
2019
   10.943509   11.185251   2.21%   0
2018
   11.101800   10.943509   -1.43%   0
2017
   11.147944   11.101800   -0.41%   0
2016
   11.188458   11.147944   -0.36%   0
2015
   11.352455   11.188458   -1.44%   0
2014
   11.457181   11.352455   -0.91%   0
PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class - Q/NQ
2020
   10.229030   10.275587   0.46%   0
2019
   10.127575   10.229030   1.00%   0
2018
   10.153517   10.127575   -0.26%   0
2017
   10.090776   10.153517   0.62%   0
2016*
   10.000000   10.090776   0.91%   0
PIMCO Variable Insurance Trust - Total Return Portfolio: Advisor Class - Q/NQ
2020
   11.326152   12.089569   6.74%   0
2019
   10.638761   11.326152   6.46%   0
2018
   10.887371   10.638761   -2.28%   0
2017
   10.560804   10.887371   3.09%   0
2016
   10.467077   10.560804   0.90%   0
2015
   10.607078   10.467077   -1.32%   0
2014
   10.353544   10.607078   2.45%   0
Putnam Variable Trust - Putnam VT International Equity Fund: Class IB - Q/NQ
2020
   20.356498   22.442153   10.25%   0
2019
   16.538144   20.356498   23.09%   0
2018
   20.791280   16.538144   -20.46%   0
2017
   16.700067   20.791280   24.50%   0
2016
   17.406524   16.700067   -4.06%   0
Putnam Variable Trust - Putnam VT International Value Fund: Class IB - Q/NQ
2020*
   10.000000   13.472016   34.72%   0
Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IB - Q/NQ
2020
   12.970444   13.496594   4.06%   0
T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II - Q/NQ
2020
   42.900842   54.542568   27.14%   0
2019
   33.911659   42.900842   26.51%   0
2018
   34.190769   33.911659   -0.82%   0
2017
   27.306204   34.190769   25.21%   0
2016
   31.095173   27.306204   -12.19%   0
2015
   28.111261   31.095173   10.61%   0
2014
   21.781571   28.111261   29.06%   0
82

 

Additional Contract Options Elected Total - 1.65%
Variable account charges of the daily net assets of the variable account - 1.65%
Period   Beginning Value   Ending Value   Percentage Change   Units
VanEck VIP Trust - Global Resources Fund: Class S - Q/NQ
2020
   5.672673   6.629471   16.87%   0
2019
   5.170813   5.672673   9.71%   0
2018
   7.346051   5.170813   -29.61%   0
2017
   7.619134   7.346051   -3.58%   0
2016
   5.401602   7.619134   41.05%   0
2015
   8.274934   5.401602   -34.72%   0
2014
   10.432226   8.274934   -20.68%   0
Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class A - Q/NQ
2020
   10.768910   10.427078   -3.17%   0
2019*
   10.000000   10.768910   7.69%   0
Wells Fargo Variable Trust - VT Small Cap Growth Fund: Class 2 - Q/NQ
2020
   35.299549   54.779044   55.18%   0
2019
   28.752697   35.299549   22.77%   0
2018
   28.860100   28.752697   -0.37%   0
2017
   23.314175   28.860100   23.79%   0
2016
   21.999965   23.314175   5.97%   0
2015
   23.033032   21.999965   -4.49%   0
2014
   23.867690   23.033032   -3.50%   0
83

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class B - Q/NQ
2020
   12.894632   13.271261   2.92%   0
2019
   11.400187   12.894632   13.11%   0
2018
   12.537474   11.400187   -9.07%   0
2017
   11.172804   12.537474   12.21%   0
2016
   11.012140   11.172804   1.46%   0
2015
   11.367500   11.012140   -3.13%   0
2014
   11.114209   11.367500   2.28%   0
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B - Q/NQ
2020
   8.746479   8.774459   0.32%   0
2019
   7.630238   8.746479   14.63%   0
2018*
   10.000000   7.630238   -23.70%   0
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class B - Q/NQ
2020
   40.874802   41.343505   1.15%   0
2019
   34.732603   40.874802   17.68%   0
2018
   41.781949   34.732603   -16.87%   0
2017
   37.720118   41.781949   10.77%   0
2016
   30.794342   37.720118   22.49%   0
2015
   33.269220   30.794342   -7.44%   0
2014
   31.112937   33.269220   6.93%   0
American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II - Q/NQ
2020
   13.279058   14.278716   7.53%   0
2019
   12.423356   13.279058   6.89%   0
2018
   13.025991   12.423356   -4.63%   0
2017
   12.800830   13.025991   1.76%   0
2016
   12.493311   12.800830   2.46%   0
2015
   13.050939   12.493311   -4.27%   0
2014
   12.872186   13.050939   1.39%   0
American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class II - Q/NQ
2020
   30.930890   30.695622   -0.76%   0
2019
   24.430609   30.930890   26.61%   0
2018
   28.601171   24.430609   -14.58%   0
2017
   26.140946   28.601171   9.41%   0
2016
   21.702037   26.140946   20.45%   0
2015
   22.465985   21.702037   -3.40%   0
2014
   19.691725   22.465985   14.09%   0
American Century Variable Portfolios, Inc. - American Century VP Value Fund: Class II - Q/NQ
2020
   33.134090   32.791151   -1.04%   0
84

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
American Funds Insurance Series® - Managed Risk Asset Allocation Fund: Class P2 - Q/NQ
2020
   15.050153   15.640653   3.92%   0
2019
   12.996344   15.050153   15.80%   0
2018
   13.924374   12.996344   -6.66%   0
2017
   12.356692   13.924374   12.69%   0
2016
   11.735307   12.356692   5.30%   0
2015
   12.086018   11.735307   -2.90%   0
2014
   11.965780   12.086018   1.00%   0
BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III - Q/NQ
2020
   11.487279   12.065381   5.03%   0
2019
   10.189411   11.487279   12.74%   0
2018
   10.691353   10.189411   -4.69%   0
2017
   10.172267   10.691353   5.10%   0
2016
   9.185936   10.172267   10.74%   0
2015*
   10.000000   9.185936   -8.14%   0
BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III - Q/NQ
2020
   10.377379   11.055553   6.54%   0
2019
   9.686901   10.377379   7.13%   0
2018
   9.942216   9.686901   -2.57%   0
2017
   9.814423   9.942216   1.30%   0
2016
   9.758916   9.814423   0.57%   0
2015*
   10.000000   9.758916   -2.41%   0
BlackRock Variable Series Funds, Inc. - BlackRock Equity Dividend V.I. Fund: Class III - Q/NQ
2020
   14.407902   14.646232   1.65%   0
2019
   11.516814   14.407902   25.10%   0
2018
   12.675176   11.516814   -9.14%   0
2017
   11.085342   12.675176   14.34%   0
2016
   9.730969   11.085342   13.92%   0
2015*
   10.000000   9.730969   -2.69%   0
BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III - Q/NQ
2020
   17.213255   20.393618   18.48%   0
2019
   14.893306   17.213255   15.58%   0
2018
   16.420092   14.893306   -9.30%   0
2017
   14.711924   16.420092   11.61%   0
2016
   14.439042   14.711924   1.89%   0
2015
   14.859989   14.439042   -2.83%   0
2014
   14.853093   14.859989   0.05%   0
BNY Mellon Investment Portfolios - MidCap Stock Portfolio: Service Shares - Q/NQ
2020
   12.901420   13.656210   5.85%   0
2019
   10.967071   12.901420   17.64%   0
2018
   13.254024   10.967071   -17.25%   0
2017
   11.737699   13.254024   12.92%   0
2016
   10.380307   11.737699   13.08%   0
2015
   10.848962   10.380307   -4.32%   0
2014*
   10.000000   10.848962   8.49%   0
85

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares - Q/NQ
2020
   45.934517   49.880630   8.59%   0
2019
   38.294076   45.934517   19.95%   0
2018
   42.867748   38.294076   -10.67%   0
2017
   38.854190   42.867748   10.33%   0
2016
   31.484344   38.854190   23.41%   0
2015
   32.842926   31.484344   -4.14%   0
2014
   31.831718   32.842926   3.18%   0
BNY Mellon Stock Index Fund, Inc.: Service Shares - Q/NQ
2020
   36.766390   42.478343   15.54%   0
2019
   28.629213   36.766390   28.42%   0
2018
   30.660387   28.629213   -6.62%   0
2017
   25.770073   30.660387   18.98%   0
2016
   23.559022   25.770073   9.39%   0
2015
   23.796436   23.559022   -1.00%   0
2014
   21.435938   23.796436   11.01%   0
BNY Mellon Variable Investment Fund - Appreciation Portfolio: Service Shares - Q/NQ
2020
   32.819843   39.744228   21.10%   0
2019
   24.626540   32.819843   33.27%   0
2018
   27.012031   24.626540   -8.83%   0
2017
   21.667347   27.012031   24.67%   0
2016
   20.508999   21.667347   5.65%   0
2015
   21.478467   20.508999   -4.51%   0
2014
   20.294866   21.478467   5.83%   0
Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - High Yield Bond Fund: Class 2 - Q/NQ
2020
   10.957873   11.433464   4.34%   0
2019
   9.581305   10.957873   14.37%   0
2018
   10.169566   9.581305   -5.78%   0
2017*
   10.000000   10.169566   1.70%   0
Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class - Q/NQ
2020
   16.730056   16.063083   -3.99%   0
2019
   13.345931   16.730056   25.36%   0
2018
   16.373310   13.345931   -18.49%   0
2017
   14.926019   16.373310   9.70%   0
2016
   11.600441   14.926019   28.67%   0
2015
   12.635690   11.600441   -8.19%   0
2014
   12.189031   12.635690   3.66%   0
Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class - Q/NQ
2020
   10.769960   10.782046   0.11%   0
2019
   10.247554   10.769960   5.10%   0
2018
   10.450759   10.247554   -1.94%   0
2017
   10.292872   10.450759   1.53%   0
2016
   9.625280   10.292872   6.94%   0
2015
   9.904984   9.625280   -2.82%   0
2014
   10.034262   9.904984   -1.29%   0
86

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Fidelity Variable Insurance Products - Emerging Markets Portfolio: Service Class 2 - Q/NQ
2020
   10.415966   13.380083   28.46%   0
2019
   8.214245   10.415966   26.80%   0
2018*
   10.000000   8.214245   -17.86%   0
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2 - Q/NQ
2020
   17.461650   19.236507   10.16%   0
2019
   15.369991   17.461650   13.61%   0
2018
   16.358477   15.369991   -6.04%   0
2017
   14.775147   16.358477   10.72%   0
2016
   14.304701   14.775147   3.29%   0
2015
   14.652051   14.304701   -2.37%   0
2014
   14.324972   14.652051   2.28%   0
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class 2 - Q/NQ
2020
   19.076708   21.480240   12.60%   0
2019
   16.213216   19.076708   17.66%   0
2018
   17.589656   16.213216   -7.83%   0
2017
   15.413830   17.589656   14.12%   0
2016
   14.842293   15.413830   3.85%   0
2015
   15.191805   14.842293   -2.30%   0
2014
   14.798126   15.191805   2.66%   0
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class 2 - Q/NQ
2020
   21.043978   24.092366   14.49%   0
2019
   17.275149   21.043978   21.82%   0
2018
   19.144671   17.275149   -9.77%   0
2017
   16.160196   19.144671   18.47%   0
2016
   15.477431   16.160196   4.41%   0
2015
   15.853146   15.477431   -2.37%   0
2014
   15.420521   15.853146   2.81%   0
Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2 - Q/NQ
2020
   13.537549   16.227240   19.87%   0
2019
   11.112802   13.537549   21.82%   0
2018
   11.849713   11.112802   -6.22%   0
2017
   10.396806   11.849713   13.97%   0
2016*
   10.000000   10.396806   3.97%   0
Fidelity Variable Insurance Products Fund - VIP Contrafund® Portfolio: Service Class 2 - Q/NQ
2020
   41.921906   53.586992   27.83%   0
2019
   32.536258   41.921906   28.85%   0
Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2 - Q/NQ
2020
   12.788366   8.424251   -34.13%   0
2019
   11.863848   12.788366   7.79%   0
2018
   16.068729   11.863848   -26.17%   0
2017
   16.838069   16.068729   -4.57%   0
2016
   12.849277   16.838069   31.04%   0
2015
   16.519684   12.849277   -22.22%   0
2014
   19.294532   16.519684   -14.38%   0
87

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2 - Q/NQ
2020
   29.758983   31.089609   4.47%   0
2019
   23.853768   29.758983   24.76%   0
2018
   26.574823   23.853768   -10.24%   0
2017
   24.033906   26.574823   10.57%   0
2016
   20.801784   24.033906   15.54%   0
2015
   22.131963   20.801784   -6.01%   0
2014
   20.786507   22.131963   6.47%   0
Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2 - Q/NQ
2020
   14.568212   15.384539   5.60%   0
2019
   11.445644   14.568212   27.28%   0
2018
   12.843258   11.445644   -10.88%   0
2017
   11.220658   12.843258   14.46%   0
2016*
   10.000000   11.220658   12.21%   0
Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2 - Q/NQ
2020
   41.924548   59.069975   40.90%   0
2019
   31.882183   41.924548   31.50%   0
2018
   32.627632   31.882183   -2.28%   0
2017
   24.656166   32.627632   32.33%   0
2016
   24.982242   24.656166   -1.31%   0
2015
   23.809250   24.982242   4.93%   0
2014
   21.851505   23.809250   8.96%   0
Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2 - Q/NQ
2020
   14.368136   15.394615   7.14%   0
2019
   13.380594   14.368136   7.38%   0
2018
   13.742374   13.380594   -2.63%   0
2017
   13.463234   13.742374   2.07%   0
2016
   13.128412   13.463234   2.55%   0
2015
   13.490516   13.128412   -2.68%   0
2014
   13.013706   13.490516   3.66%   0
Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2 - Q/NQ
2020
   44.971957   52.026695   15.69%   0
2019
   37.199566   44.971957   20.89%   0
2018
   44.475111   37.199566   -16.36%   0
2017
   37.590820   44.475111   18.31%   0
2016
   34.217541   37.590820   9.86%   0
2015
   35.439781   34.217541   -3.45%   0
2014
   34.053791   35.439781   4.07%   0
Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class 2 - Q/NQ
2020
   26.504231   30.002741   13.20%   0
2019
   21.179267   26.504231   25.14%   0
2018
   25.406355   21.179267   -16.64%   0
2017
   19.912388   25.406355   27.59%   0
2016
   21.414890   19.912388   -7.02%   0
2015
   21.122287   21.414890   1.39%   0
88

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Fidelity Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class 2 - Q/NQ
2020
   13.431859   12.288016   -8.52%   0
2019
   11.130620   13.431859   20.67%   0
2018
   12.124280   11.130620   -8.20%   0
2017
   11.903219   12.124280   1.86%   0
Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2 - Q/NQ
2020
   14.303784   15.687842   9.68%   0
2019
   12.158733   14.303784   17.64%   0
2018
   13.712315   12.158733   -11.33%   0
2017
   12.475601   13.712315   9.91%   0
2016
   11.229923   12.475601   11.09%   0
2015
   12.199628   11.229923   -7.95%   0
2014
   12.085384   12.199628   0.95%   0
Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2 - Q/NQ
2020
   17.197363   16.996287   -1.17%   0
2019
   15.097069   17.197363   13.91%   0
2018
   16.075119   15.097069   -6.08%   0
2017
   14.932768   16.075119   7.65%   0
2016
   13.342350   14.932768   11.92%   0
2015
   14.625625   13.342350   -8.77%   0
2014
   14.243831   14.625625   2.68%   0
Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2 - Q/NQ
2020
   41.628804   42.978754   3.24%   0
2019
   33.568690   41.628804   24.01%   0
2018
   39.260695   33.568690   -14.50%   0
2017
   36.148135   39.260695   8.61%   0
2016
   28.287927   36.148135   27.79%   0
2015
   31.120067   28.287927   -9.10%   0
2014
   31.526727   31.120067   -1.29%   0
Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2 - Q/NQ
2020
   9.236796   8.587088   -7.03%   0
2019
   9.225201   9.236796   0.13%   0
2018
   9.221366   9.225201   0.04%   0
2017
   9.217198   9.221366   0.05%   0
2016
   9.122386   9.217198   1.04%   0
2015
   9.712457   9.122386   -6.08%   0
2014
   9.717412   9.712457   -0.05%   0
Goldman Sachs Variable Insurance Trust - Goldman Sachs Global Trends Allocation Fund: Service Shares - Q/NQ
2020
   12.557069   12.831742   2.19%   0
2019
   11.429456   12.557069   9.87%   0
2018
   12.173964   11.429456   -6.12%   0
2017
   10.965055   12.173964   11.03%   0
2016
   10.706747   10.965055   2.41%   0
2015
   11.582354   10.706747   -7.56%   0
2014
   11.352746   11.582354   2.02%   0
89

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares - Q/NQ
2020
   10.008739   10.483667   4.75%   0
2019
   9.370703   10.008739   6.81%   0
2018*
   10.000000   9.370703   -6.29%   0
Guggenheim Variable Fund - Multi-Hedge Strategies - Q/NQ
2020
   9.675156   10.197752   5.40%   0
2019
   9.386933   9.675156   3.07%   0
2018
   10.076177   9.386933   -6.84%   0
2017
   9.901715   10.076177   1.76%   0
2016
   10.136856   9.901715   -2.32%   0
2015
   10.140438   10.136856   -0.04%   0
2014
   9.871599   10.140438   2.72%   0
Invesco - Invesco V.I. Global Fund: Series II - Q/NQ
2020
   41.876703   52.338283   24.98%   0
2019
   32.456880   41.876703   29.02%   0
2018
   38.186898   32.456880   -15.01%   0
2017
   28.538983   38.186898   33.81%   0
2016
   29.121185   28.538983   -2.00%   0
2015
   28.619119   29.121185   1.75%   0
2014
   28.571159   28.619119   0.17%   0
Invesco - Invesco V.I. Main Street Fund: Series II - Q/NQ
2020
   33.265147   37.120649   11.59%   0
2019
   25.726942   33.265147   29.30%   0
2018
   28.524427   25.726942   -9.81%   0
2017
   24.915556   28.524427   14.48%   0
2016
   22.807016   24.915556   9.25%   0
2015
   22.536709   22.807016   1.20%   0
2014
   20.798334   22.536709   8.36%   0
Invesco - Invesco V.I. Main Street Mid Cap Fund: Series II Shares - Q/NQ
2020
   15.992767   17.100179   6.92%   0
2019
   13.031468   15.992767   22.72%   0
2018
   15.020917   13.031468   -13.24%   0
2017
   13.347388   15.020917   12.54%   0
2016
   12.016567   13.347388   11.07%   0
2015
   12.790618   12.016567   -6.05%   0
2014
   12.510093   12.790618   2.24%   0
Invesco - Invesco V.I. Main Street Small Cap Fund: Series II - Q/NQ
2020
   44.194599   51.894603   17.42%   0
2019
   35.698314   44.194599   23.80%   0
2018
   40.660265   35.698314   -12.20%   0
2017
   36.365766   40.660265   11.81%   0
2016
   31.485132   36.365766   15.50%   0
2015
   34.160326   31.485132   -7.83%   0
2014
   31.171298   34.160326   9.59%   0
90

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Invesco Oppenheimer V.I. International Growth Fund: Series II - Q/NQ
2020
   10.702863   12.715330   18.80%   0
2019
   8.522400   10.702863   25.59%   0
2018
   10.794560   8.522400   -21.05%   0
2017
   8.697364   10.794560   24.11%   0
2016
   9.108170   8.697364   -4.51%   0
2015
   9.000321   9.108170   1.20%   0
2014*
   10.000000   9.000321   -10.00%   0
Ivy Variable Insurance Portfolios - Asset Strategy: Class II - Q/NQ
2020
   16.988706   18.988486   11.77%   0
2019
   14.213460   16.988706   19.53%   0
2018
   15.315958   14.213460   -7.20%   0
2017
   13.193008   15.315958   16.09%   0
2016
   13.795294   13.193008   -4.37%   0
2015
   15.335356   13.795294   -10.04%   0
2014
   16.492857   15.335356   -7.02%   0
Ivy Variable Insurance Portfolios - High Income: Class II - Q/NQ
2020
   13.428346   13.974378   4.07%   0
2019
   12.304246   13.428346   9.14%   0
2018
   12.808340   12.304246   -3.94%   0
2017
   12.232137   12.808340   4.71%   0
2016
   10.725849   12.232137   14.04%   0
2015
   11.688376   10.725849   -8.23%   0
2014
   11.686094   11.688376   0.02%   0
Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II - Q/NQ
2020
   21.577858   31.557092   46.25%   0
2019
   15.937623   21.577858   35.39%   0
2018
   16.249240   15.937623   -1.92%   0
2017
   13.045758   16.249240   24.56%   0
2016
   12.525006   13.045758   4.16%   0
2015
   13.543971   12.525006   -7.52%   0
2014
   12.792552   13.543971   5.87%   0
Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares - Q/NQ
2020
   10.311503   11.158287   8.21%   0
2019
   9.613908   10.311503   7.26%   0
2018
   9.923786   9.613908   -3.12%   0
2017
   9.782323   9.923786   1.45%   0
2016
   9.749595   9.782323   0.34%   0
2015*
   10.000000   9.749595   -2.50%   0
Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares - Q/NQ
2020
   53.384574   72.850905   36.46%   0
2019
   39.744103   53.384574   34.32%   0
2018
   39.813229   39.744103   -0.17%   0
2017
   31.201879   39.813229   27.60%   0
2016
   31.182661   31.201879   0.06%   0
2015
   28.382291   31.182661   9.87%   0
2014
   26.659761   28.382291   6.46%   0
91

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares - Q/NQ
2020
   32.523572   48.116425   47.94%   0
2019
   22.881168   32.523572   42.14%   0
2018
   23.104895   22.881168   -0.97%   0
2017
   16.243323   23.104895   42.24%   0
2016
   14.535235   16.243323   11.75%   0
2015
   14.151760   14.535235   2.71%   0
2014
   13.185918   14.151760   7.32%   0
Janus Aspen Series - Janus Henderson Overseas Portfolio: Service Shares - Q/NQ
2020
   30.810648   35.085892   13.88%   0
2019
   24.774791   30.810648   24.36%   0
2018
   29.747361   24.774791   -16.72%   0
2017
   23.169063   29.747361   28.39%   0
2016
   25.301766   23.169063   -8.43%   0
2015
   28.267752   25.301766   -10.49%   0
2014
   32.765980   28.267752   -13.73%   0
JPMorgan Insurance Trust - JPMorgan Insurance Trust Core Bond Portfolio: Class 2 - Q/NQ
2020
   9.942230   10.507912   5.69%   0
2019*
   10.000000   9.942230   -0.58%   0
Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares - Q/NQ
2020
   9.928199   9.620224   -3.10%   0
2019
   8.562009   9.928199   15.96%   0
2018
   10.712253   8.562009   -20.07%   0
2017
   8.537743   10.712253   25.47%   0
2016
   7.201666   8.537743   18.55%   0
2015
   9.178344   7.201666   -21.54%   0
2014
   9.806114   9.178344   -6.40%   0
Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC - Q/NQ
2020
   10.470792   11.040367   5.44%   0
2019
   9.840558   10.470792   6.40%   0
2018
   10.131071   9.840558   -2.87%   0
2017
   9.937525   10.131071   1.95%   0
2016*
   10.000000   9.937525   -0.62%   0
MFS® Variable Insurance Trust - MFS New Discovery Series: Service Class - Q/NQ
2020
   21.813704   31.170321   42.89%   0
2019
   15.731553   21.813704   38.66%   0
2018
   16.309904   15.731553   -3.55%   0
2017
   13.152922   16.309904   24.00%   0
2016
   12.316446   13.152922   6.79%   0
2015
   12.823797   12.316446   -3.96%   0
2014
   14.124104   12.823797   -9.21%   0
92

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
MFS® Variable Insurance Trust - MFS Value Series: Service Class - Q/NQ
2020
   37.255815   37.744084   1.31%   0
2019
   29.309829   37.255815   27.11%   0
2018
   33.316037   29.309829   -12.02%   0
2017
   28.924180   33.316037   15.18%   0
2016
   25.899872   28.924180   11.68%   0
2015
   26.636851   25.899872   -2.77%   0
2014
   24.626427   26.636851   8.16%   0
MFS® Variable Insurance Trust II - MFS International Growth Portfolio: Service Class - Q/NQ
2020
   10.817494   12.263156   13.36%   0
2019*
   10.000000   10.817494   8.17%   0
MFS® Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Service Class - Q/NQ
2020
   21.134595   24.935218   17.98%   0
2019
   17.136775   21.134595   23.33%   0
2018
   19.342636   17.136775   -11.40%   0
2017
   15.538673   19.342636   24.48%   0
2016
   15.245104   15.538673   1.93%   0
2015
   14.609121   15.245104   4.35%   0
2014
   14.717782   14.609121   -0.74%   0
MFS® Variable Insurance Trust II - MFS Research International Portfolio: Service Class - Q/NQ
2020*
   10.000000   13.272998   32.73%   0
MFS® Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Service Class - Q/NQ
2020*
   10.000000   13.584344   35.84%   0
Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II - Q/NQ
2020
   11.590066   11.212283   -3.26%   0
2019
   9.234964   11.590066   25.50%   0
2018
   10.216004   9.234964   -9.60%   0
2017
   9.247919   10.216004   10.47%   0
2016
   8.195129   9.247919   12.85%   0
2015*
   10.000000   8.195129   -18.05%   0
Mutual Fund and Variable Insurance Trust - Rational Insider Buying VA Fund - Q/NQ
2020
   20.861372   23.370121   12.03%   0
2019
   17.140572   20.861372   21.71%   0
2018
   18.816861   17.140572   -8.91%   0
2017
   16.312693   18.816861   15.35%   0
2016
   14.971781   16.312693   8.96%   0
2015
   16.431706   14.971781   -8.88%   0
2014
   17.094293   16.431706   -3.88%   0
93

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class II - Q/NQ
2020
   12.808974   18.953396   47.97%   0
2019
   9.824290   12.808974   30.38%   0
2018
   12.013167   9.824290   -18.22%   0
2017
   9.749303   12.013167   23.22%   0
2016
   10.184302   9.749303   -4.27%   0
2015
   10.444650   10.184302   -2.49%   0
2014
   10.787388   10.444650   -3.18%   0
Nationwide Variable Insurance Trust - NVIT American Funds Asset Allocation Fund: Class II - Q/NQ
2020
   18.636808   20.486625   9.93%   0
2019
   15.720851   18.636808   18.55%   0
2018
   16.858262   15.720851   -6.75%   0
2017
   14.832538   16.858262   13.66%   0
2016
   13.863636   14.832538   6.99%   0
2015
   13.987301   13.863636   -0.88%   0
2014
   13.573557   13.987301   3.05%   0
Nationwide Variable Insurance Trust - NVIT American Funds Bond Fund: Class II - Q/NQ
2020
   11.651925   12.489192   7.19%   0
2019
   10.892983   11.651925   6.97%   0
2018
   11.219869   10.892983   -2.91%   0
2017
   11.075063   11.219869   1.31%   0
2016
   10.991903   11.075063   0.76%   0
2015
   11.225029   10.991903   -2.08%   0
2014
   10.894232   11.225029   3.04%   0
Nationwide Variable Insurance Trust - NVIT American Funds Global Growth Fund: Class II - Q/NQ
2020
   22.997756   29.328356   27.53%   0
2019
   17.384889   22.997756   32.29%   0
2018
   19.557310   17.384889   -11.11%   0
2017
   15.213557   19.557310   28.55%   0
2016
   15.470543   15.213557   -1.66%   0
2015
   14.794166   15.470543   4.57%   0
2014
   14.801329   14.794166   -0.05%   0
Nationwide Variable Insurance Trust - NVIT American Funds Growth Fund: Class II - Q/NQ
2020
   24.740935   36.788743   48.70%   0
2019
   19.347599   24.740935   27.88%   0
2018
   19.844631   19.347599   -2.50%   0
2017
   15.819977   19.844631   25.44%   0
2016
   14.777877   15.819977   7.05%   0
2015
   14.147165   14.777877   4.46%   0
2014
   13.337885   14.147165   6.07%   0
94

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT American Funds Growth-Income Fund: Class II - Q/NQ
2020
   19.801053   21.976423   10.99%   0
2019
   16.053730   19.801053   23.34%   0
2018
   16.723477   16.053730   -4.00%   0
2017
   13.973703   16.723477   19.68%   0
2016
   12.815446   13.973703   9.04%   0
2015
   12.916650   12.815446   -0.78%   0
2014
   11.939049   12.916650   8.19%   0
Nationwide Variable Insurance Trust - NVIT Amundi Multi Sector Bond Fund: Class I - Q/NQ
2020
   15.968183   16.309082   2.13%   0
2019
   14.902751   15.968183   7.15%   0
2018
   15.549865   14.902751   -4.16%   0
2017
   14.898826   15.549865   4.37%   0
2016
   13.970826   14.898826   6.64%   0
2015
   14.657831   13.970826   -4.69%   0
2014
   14.375806   14.657831   1.96%   0
Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class II - Q/NQ
2020
   33.471410   36.154805   8.02%   0
2019
   26.431286   33.471410   26.64%   0
2018
   27.007242   26.431286   -2.13%   0
2017
   22.882210   27.007242   18.03%   0
2016
   20.972211   22.882210   9.11%   0
2015
   21.227030   20.972211   -1.20%   0
2014
   19.341629   21.227030   9.75%   0
Nationwide Variable Insurance Trust - NVIT BlackRock Equity Dividend Fund: Class II - Q/NQ
2020
   33.119879   33.595297   1.44%   0
2019
   26.568896   33.119879   24.66%   0
2018
   29.255036   26.568896   -9.18%   0
2017
   25.325198   29.255036   15.52%   0
2016
   21.944724   25.325198   15.40%   0
2015
   23.916739   21.944724   -8.25%   0
2014
   22.370662   23.916739   6.91%   0
Nationwide Variable Insurance Trust - NVIT BlackRock Managed Global Allocation Fund: Class II - Q/NQ
2020
   11.019816   12.389365   12.43%   0
2019
   9.767717   11.019816   12.82%   0
2018
   10.874037   9.767717   -10.17%   0
2017
   9.354063   10.874037   16.25%   0
2016
   9.254592   9.354063   1.07%   0
2015*
   10.000000   9.254592   -7.45%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class II - Q/NQ
2020
   15.903001   17.569183   10.48%   0
2019
   13.070890   15.903001   21.67%   0
2018
   14.922184   13.070890   -12.41%   0
2017
   12.690112   14.922184   17.59%   0
2016
   11.930791   12.690112   6.36%   0
2015
   12.372699   11.930791   -3.57%   0
2014
   12.063438   12.372699   2.56%   0
95

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II - Q/NQ
2020
   14.271583   15.363515   7.65%   0
2019
   12.515633   14.271583   14.03%   0
2018
   13.600705   12.515633   -7.98%   0
2017
   12.366016   13.600705   9.98%   0
2016
   11.873210   12.366016   4.15%   0
2015
   12.226538   11.873210   -2.89%   0
2014
   11.943715   12.226538   2.37%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class II - Q/NQ
2020
   15.369720   16.815228   9.40%   0
2019
   13.023395   15.369720   18.02%   0
2018
   14.449331   13.023395   -9.87%   0
2017
   12.711701   14.449331   13.67%   0
2016
   12.067114   12.711701   5.34%   0
2015
   12.460139   12.067114   -3.15%   0
2014
   12.125412   12.460139   2.76%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II - Q/NQ
2020
   12.499253   13.199534   5.60%   0
2019
   11.506962   12.499253   8.62%   0
2018
   12.038694   11.506962   -4.42%   0
2017
   11.531730   12.038694   4.40%   0
2016
   11.230442   11.531730   2.68%   0
2015
   11.526726   11.230442   -2.57%   0
2014
   11.364802   11.526726   1.42%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II - Q/NQ
2020
   12.103036   12.478048   3.10%   0
2019
   10.830781   12.103036   11.75%   0
2018
   11.868360   10.830781   -8.74%   0
2017
   10.535710   11.868360   12.65%   0
2016
   10.168701   10.535710   3.61%   0
2015
   10.825224   10.168701   -6.06%   0
2014
   10.785501   10.825224   0.37%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II - Q/NQ
2020
   12.591065   13.267638   5.37%   0
2019
   11.114976   12.591065   13.28%   0
2018
   12.187738   11.114976   -8.80%   0
2017
   10.541352   12.187738   15.62%   0
2016
   10.111330   10.541352   4.25%   0
2015
   10.830091   10.111330   -6.64%   0
2014
   10.923528   10.830091   -0.86%   0
96

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II - Q/NQ
2020
   14.869004   16.153992   8.64%   0
2019
   12.822643   14.869004   15.96%   0
2018
   14.062253   12.822643   -8.82%   0
2017
   12.570532   14.062253   11.87%   0
2016
   11.998225   12.570532   4.77%   0
2015
   12.356083   11.998225   -2.90%   0
2014
   12.038799   12.356083   2.64%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class II - Q/NQ
2020
   15.622329   17.213228   10.18%   0
2019
   13.021865   15.622329   19.97%   0
2018
   14.662144   13.021865   -11.19%   0
2017
   12.651615   14.662144   15.89%   0
2016
   11.979975   12.651615   5.61%   0
2015
   12.392648   11.979975   -3.33%   0
2014
   12.075388   12.392648   2.63%   0
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II - Q/NQ
2020
   13.770803   14.739968   7.04%   0
2019
   12.274845   13.770803   12.19%   0
2018
   13.133085   12.274845   -6.53%   0
2017
   12.176222   13.133085   7.86%   0
2016
   11.703158   12.176222   4.04%   0
2015
   12.052135   11.703158   -2.90%   0
2014
   11.797690   12.052135   2.16%   0
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class I - Q/NQ
2020
   14.835716   15.315503   3.23%   0
2019
   13.437467   14.835716   10.41%   0
2018
   16.240280   13.437467   -17.26%   0
2017
   13.482476   16.240280   20.45%   0
2016
   13.584419   13.482476   -0.75%   0
2015
   14.402673   13.584419   -5.68%   0
2014
   15.975750   14.402673   -9.85%   0
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class Z - Q/NQ
2020*
   10.000000   11.736879   17.37%   0
Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class II - Q/NQ
2020
   12.671497   13.279364   4.80%   0
2019
   11.877293   12.671497   6.69%   0
2018
   12.186237   11.877293   -2.54%   0
2017
   11.917211   12.186237   2.26%   0
2016
   11.562484   11.917211   3.07%   0
2015
   11.885069   11.562484   -2.71%   0
2014
   11.567839   11.885069   2.74%   0
97

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class II - Q/NQ
2020
   13.515378   14.464567   7.02%   0
2019
   12.564684   13.515378   7.57%   0
2018
   12.991665   12.564684   -3.29%   0
2017
   12.755383   12.991665   1.85%   0
2016
   12.575628   12.755383   1.43%   0
2015
   12.879285   12.575628   -2.36%   0
2014
   12.511292   12.879285   2.94%   0
Nationwide Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class II - Q/NQ
2020
   10.521120   10.712923   1.82%   0
2019
   10.057069   10.521120   4.61%   0
2018*
   10.000000   10.057069   0.57%   0
Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class II - Q/NQ
2020
   34.097543   37.816509   10.91%   0
2019
   28.321181   34.097543   20.40%   0
2018
   35.045648   28.321181   -19.19%   0
2017
   25.282169   35.045648   38.62%   0
2016
   23.965108   25.282169   5.50%   0
2015
   29.148854   23.965108   -17.78%   0
2014
   31.503670   29.148854   -7.47%   0
Nationwide Variable Insurance Trust - NVIT Federated High Income Bond Fund: Class I - Q/NQ
2020
   23.280070   24.223856   4.05%   0
2019
   20.671668   23.280070   12.62%   0
2018
   21.714704   20.671668   -4.80%   0
2017
   20.722613   21.714704   4.79%   0
2016
   18.494009   20.722613   12.05%   0
2015
   19.347083   18.494009   -4.41%   0
2014
   19.221536   19.347083   0.65%   0
Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I - Q/NQ
2020
   12.326849   12.834773   4.12%   0
2019
   11.818140   12.326849   4.30%   0
2018
   12.047914   11.818140   -1.91%   0
2017
   12.023751   12.047914   0.20%   0
2016
   12.159574   12.023751   -1.12%   0
2015
   12.402262   12.159574   -1.96%   0
2014
   12.083894   12.402262   2.63%   0
Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I - Q/NQ
2020
   8.795602   8.653895   -1.61%   0
2019
   8.804541   8.795602   -0.10%   0
2018
   8.848353   8.804541   -0.50%   0
2017
   8.976833   8.848353   -1.43%   0
2016
   9.144867   8.976833   -1.84%   0
2015
   9.317231   9.144867   -1.85%   0
2014
   9.492846   9.317231   -1.85%   0
98

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II - Q/NQ
2020
   9.833933   10.393766   5.69%   0
2019
   8.425698   9.833933   16.71%   0
2018
   10.077118   8.425698   -16.39%   0
2017
   8.079073   10.077118   24.73%   0
2016
   8.179105   8.079073   -1.22%   0
2015
   8.610632   8.179105   -5.01%   0
2014
   8.836548   8.610632   -2.56%   0
Nationwide Variable Insurance Trust - NVIT International Index Fund: Class VIII - Q/NQ
2020
   10.966868   11.531135   5.15%   0
2019
   9.218956   10.966868   18.96%   0
2018
   10.939083   9.218956   -15.72%   0
2017
   8.954640   10.939083   22.16%   0
2016
   9.075491   8.954640   -1.33%   0
2015
   9.376825   9.075491   -3.21%   0
2014
   10.183736   9.376825   -7.92%   0
Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II - Q/NQ
2020
   30.696226   33.989776   10.73%   0
2019
   25.276186   30.696226   21.44%   0
2018
   28.257544   25.276186   -10.55%   0
2017
   24.308599   28.257544   16.25%   0
2016
   22.623532   24.308599   7.45%   0
2015
   23.282376   22.623532   -2.83%   0
2014
   22.594794   23.282376   3.04%   0
Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II - Q/NQ
2020
   17.745906   19.055979   7.38%   0
2019
   15.675550   17.745906   13.21%   0
2018
   16.786754   15.675550   -6.62%   0
2017
   15.389296   16.786754   9.08%   0
2016
   14.748986   15.389296   4.34%   0
2015
   15.053137   14.748986   -2.02%   0
2014
   14.664468   15.053137   2.65%   0
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II - Q/NQ
2020
   21.618098   23.683514   9.55%   0
2019
   18.363716   21.618098   17.72%   0
2018
   20.006375   18.363716   -8.21%   0
2017
   17.753329   20.006375   12.69%   0
2016
   16.787761   17.753329   5.75%   0
2015
   17.195659   16.787761   -2.37%   0
2014
   16.651882   17.195659   3.27%   0
99

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II - Q/NQ
2020
   14.618647   15.311725   4.74%   0
2019
   13.597890   14.618647   7.51%   0
2018
   14.110067   13.597890   -3.63%   0
2017
   13.602302   14.110067   3.73%   0
2016
   13.291272   13.602302   2.34%   0
2015
   13.506036   13.291272   -1.59%   0
2014
   13.245320   13.506036   1.97%   0
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II - Q/NQ
2020
   12.099987   12.417729   2.63%   0
2019
   10.909938   12.099987   10.91%   0
2018
   11.779411   10.909938   -7.38%   0
2017
   10.524149   11.779411   11.93%   0
2016
   10.143014   10.524149   3.76%   0
2015
   10.680382   10.143014   -5.03%   0
2014
   10.620864   10.680382   0.56%   0
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II - Q/NQ
2020
   12.669957   13.222494   4.36%   0
2019
   11.200812   12.669957   13.12%   0
2018
   12.148650   11.200812   -7.80%   0
2017
   10.581940   12.148650   14.81%   0
2016
   10.080184   10.581940   4.98%   0
2015
   10.693121   10.080184   -5.73%   0
2014
   10.709013   10.693121   -0.15%   0
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II - Q/NQ
2020
   22.673595   24.556272   8.30%   0
2019
   19.619445   22.673595   15.57%   0
2018
   21.195240   19.619445   -7.43%   0
2017
   19.121734   21.195240   10.84%   0
2016
   18.182380   19.121734   5.17%   0
2015
   18.587309   18.182380   -2.18%   0
2014
   18.004799   18.587309   3.24%   0
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II - Q/NQ
2020
   27.427553   30.239078   10.25%   0
2019
   22.937623   27.427553   19.57%   0
2018
   25.329606   22.937623   -9.44%   0
2017
   22.116808   25.329606   14.53%   0
2016
   20.770829   22.116808   6.48%   0
2015
   21.317933   20.770829   -2.57%   0
2014
   20.693940   21.317933   3.02%   0
100

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II - Q/NQ
2020
   18.510263   19.721663   6.54%   0
2019
   16.618448   18.510263   11.38%   0
2018
   17.589881   16.618448   -5.52%   0
2017
   16.408994   17.589881   7.20%   0
2016
   15.815463   16.408994   3.75%   0
2015
   16.118498   15.815463   -1.88%   0
2014
   15.679197   16.118498   2.80%   0
Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II - Q/NQ
2020
   10.434552   10.971195   5.14%   0
2019*
   10.000000   10.434552   4.35%   0
Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II - Q/NQ
2020
   10.734269   12.196166   13.62%   0
2019*
   10.000000   10.734269   7.34%   0
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund: Class II - Q/NQ
2020
   10.077281   10.040163   -0.37%   0
2019*
   10.000000   10.077281   0.77%   0
Nationwide Variable Insurance Trust - NVIT J.P. Morgan U.S. Equity Fund: Class II - Q/NQ
2020
   10.951817   13.543519   23.66%   0
2019*
   10.000000   10.951817   9.52%   0
Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class II - Q/NQ
2020
   21.836773   27.844823   27.51%   0
2019
   17.085345   21.836773   27.81%   0
2018
   18.012768   17.085345   -5.15%   0
2017
   14.129450   18.012768   27.48%   0
2016
   14.114139   14.129450   0.11%   0
2015
   13.943797   14.114139   1.22%   0
2014
   12.897708   13.943797   8.11%   0
Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II - Q/NQ
2020
   12.760925   13.413101   5.11%   0
2019
   10.928322   12.760925   16.77%   0
2018
   11.699444   10.928322   -6.59%   0
2017
   10.139509   11.699444   15.38%   0
2016
   9.516651   10.139509   6.54%   0
2015
   9.918927   9.516651   -4.06%   0
2014*
   10.000000   9.918927   -0.81%   0
Nationwide Variable Insurance Trust - NVIT Managed American Funds Growth-Income Fund: Class II - Q/NQ
2020
   14.683722   15.418224   5.00%   0
2019
   12.264409   14.683722   19.73%   0
2018
   12.827182   12.264409   -4.39%   0
2017
   10.738359   12.827182   19.45%   0
2016
   9.941546   10.738359   8.01%   0
2015
   10.114628   9.941546   -1.71%   0
2014*
   10.000000   10.114628   1.15%   0
101

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class II - Q/NQ
2020
   36.857364   42.878291   16.34%   0
2019
   27.343759   36.857364   34.79%   0
2018
   28.298125   27.343759   -3.37%   0
2017
   22.688415   28.298125   24.72%   0
2016
   22.371167   22.688415   1.42%   0
2015
   21.744225   22.371167   2.88%   0
2014
   20.406789   21.744225   6.55%   0
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class II - Q/NQ
2020
   28.434286   28.297067   -0.48%   0
2019
   22.868305   28.434286   24.34%   0
2018
   25.739490   22.868305   -11.15%   0
2017
   24.182718   25.739490   6.44%   0
2016
   20.494743   24.182718   17.99%   0
2015
   21.851711   20.494743   -6.21%   0
2014
   19.711374   21.851711   10.86%   0
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class Z - Q/NQ
2020*
   10.000000   11.783811   17.84%   0
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I - Q/NQ
2020
   44.876693   49.823186   11.02%   0
2019
   36.388357   44.876693   23.33%   0
2018
   41.841649   36.388357   -13.03%   0
2017
   36.818318   41.841649   13.64%   0
2016
   31.183360   36.818318   18.07%   0
2015
   32.597239   31.183360   -4.34%   0
2014
   30.352358   32.597239   7.40%   0
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II - Q/NQ
2020
   21.401615   20.765192   -2.97%   0
2019
   17.606500   21.401615   21.56%   0
2018
   20.657971   17.606500   -14.77%   0
2017
   18.487687   20.657971   11.74%   0
2016
   16.017130   18.487687   15.42%   0
2015
   16.803960   16.017130   -4.68%   0
2014
   14.630542   16.803960   14.86%   0
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class II - Q/NQ
2020
   33.130215   45.692093   37.92%   0
2019
   24.933763   33.130215   32.87%   0
2018
   27.680906   24.933763   -9.92%   0
2017
   22.624813   27.680906   22.35%   0
2016
   21.331179   22.624813   6.06%   0
2015
   21.618773   21.331179   -1.33%   0
2014
   21.481055   21.618773   0.64%   0
102

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class II - Q/NQ
2020
   37.296784   38.419263   3.01%   0
2019
   32.015674   37.296784   16.50%   0
2018
   39.363062   32.015674   -18.67%   0
2017
   36.875115   39.363062   6.75%   0
2016
   29.907563   36.875115   23.30%   0
2015
   32.516441   29.907563   -8.02%   0
2014
   31.030082   32.516441   4.79%   0
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class II - Q/NQ
2020
   38.817277   46.616758   20.09%   0
2019
   31.549823   38.817277   23.03%   0
2018
   36.881337   31.549823   -14.46%   0
2017
   33.193224   36.881337   11.11%   0
2016
   27.595923   33.193224   20.28%   0
2015
   28.659256   27.595923   -3.71%   0
2014
   29.038058   28.659256   -1.30%   0
Nationwide Variable Insurance Trust - NVIT Neuberger Berman Multi Cap Opportunities Fund: Class II - Q/NQ
2020
   19.669319   21.892523   11.30%   0
2019
   15.645707   19.669319   25.72%   0
2018
   16.782731   15.645707   -6.77%   0
2017
   13.704770   16.782731   22.46%   0
2016
   12.296924   13.704770   11.45%   0
2015
   12.679965   12.296924   -3.02%   0
2014
   12.123743   12.679965   4.59%   0
Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class II - Q/NQ
2020
   20.466209   22.766783   11.24%   0
2019
   16.543054   20.466209   23.71%   0
2018
   17.908821   16.543054   -7.63%   0
2017
   15.414680   17.908821   16.18%   0
2016
   14.262614   15.414680   8.08%   0
2015
   14.592506   14.262614   -2.26%   0
2014
   13.453603   14.592506   8.47%   0
Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class II - Q/NQ
2020
   16.705551   15.462206   -7.44%   0
2019
   13.047919   16.705551   28.03%   0
2018
   13.857502   13.047919   -5.84%   0
2017
   13.300828   13.857502   4.19%   0
2016
   12.643357   13.300828   5.20%   0
2015
   13.654599   12.643357   -7.41%   0
2014
   10.817384   13.654599   26.23%   0
103

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Nationwide Variable Insurance Trust - NVIT S&P 500® Index Fund: Class II - Q/NQ
2020
   19.990314   23.123021   15.67%   0
2019
   15.566424   19.990314   28.42%   0
2018
   16.674114   15.566424   -6.64%   0
2017
   14.013207   16.674114   18.99%   0
2016
   12.816048   14.013207   9.34%   0
2015
   12.935645   12.816048   -0.92%   0
2014
   11.655259   12.935645   10.99%   0
Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II - Q/NQ
2020
   10.076905   10.170576   0.93%   0
2019
   9.863682   10.076905   2.16%   0
2018
   9.968850   9.863682   -1.05%   0
2017
   9.998329   9.968850   -0.29%   0
2016
   9.938624   9.998329   0.60%   0
2015
   10.160615   9.938624   -2.18%   0
2014
   10.301244   10.160615   -1.37%   0
Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II - Q/NQ
2020
   17.022950   19.935810   17.11%   0
2019
   13.879453   17.022950   22.65%   0
2018
   15.952153   13.879453   -12.99%   0
2017
   14.233493   15.952153   12.07%   0
2016
   11.997101   14.233493   18.64%   0
2015
   12.850623   11.997101   -6.64%   0
2014
   12.522875   12.850623   2.62%   0
Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class II - Q/NQ
2020
   21.814358   34.364370   57.53%   0
2019
   16.242192   21.814358   34.31%   0
2018
   17.805065   16.242192   -8.78%   0
2017
   14.224628   17.805065   25.17%   0
2016
   13.664533   14.224628   4.10%   0
2015
   13.970409   13.664533   -2.19%   0
2014
   13.723288   13.970409   1.80%   0
Northern Lights Variable Trust - TOPS® Managed Risk Balanced ETF Portfolio: Class 4 - Q/NQ
2020
   11.656812   12.066087   3.51%   0
2019
   10.402067   11.656812   12.06%   0
2018
   11.324911   10.402067   -8.15%   0
2017
   10.465961   11.324911   8.21%   0
2016
   10.076682   10.465961   3.86%   0
2015
   10.780826   10.076682   -6.53%   0
2014
   10.696276   10.780826   0.79%   0
104

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
Northern Lights Variable Trust - TOPS® Managed Risk Growth ETF Portfolio: Class 4 - Q/NQ
2020
   12.451728   12.814140   2.91%   0
2019
   10.876504   12.451728   14.48%   0
2018
   12.190440   10.876504   -10.78%   0
2017
   10.584650   12.190440   15.17%   0
2016
   10.255286   10.584650   3.21%   0
2015
   11.529993   10.255286   -11.06%   0
2014
   11.644390   11.529993   -0.98%   0
Northern Lights Variable Trust - TOPS® Managed Risk Moderate Growth ETF Portfolio: Class 4 - Q/NQ
2020
   12.435026   12.879955   3.58%   0
2019
   10.932964   12.435026   13.74%   0
2018
   12.058472   10.932964   -9.33%   0
2017
   10.812796   12.058472   11.52%   0
2016
   10.407711   10.812796   3.89%   0
2015
   11.362025   10.407711   -8.40%   0
2014
   11.294009   11.362025   0.60%   0
PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor Class - Q/NQ
2020
   11.472407   12.150634   5.91%   0
2019
   10.460222   11.472407   9.68%   0
2018
   11.272503   10.460222   -7.21%   0
2017
   10.129203   11.272503   11.29%   0
2016
   9.140040   10.129203   10.82%   0
2015
   10.254551   9.140040   -10.87%   0
2014
   10.400537   10.254551   -1.40%   0
PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Advisor Class - Q/NQ
2020
   10.948919   11.453446   4.61%   0
2019
   9.729652   10.948919   12.53%   0
2018
   10.416709   9.729652   -6.60%   0
2017
   9.667050   10.416709   7.75%   0
2016
   8.699315   9.667050   11.12%   0
2015
   9.078001   8.699315   -4.17%   0
2014
   9.120998   9.078001   -0.47%   0
PIMCO Variable Insurance Trust - International Bond Portfolio (Unhedged): Advisor Class - Q/NQ
2020
   11.399014   12.381040   8.62%   0
2019
   10.862455   11.399014   4.94%   0
2018
   11.538343   10.862455   -5.86%   0
2017
   10.615663   11.538343   8.69%   0
2016
   10.510045   10.615663   1.00%   0
2015
   11.535888   10.510045   -8.89%   0
2014
   11.718051   11.535888   -1.55%   0
105

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class - Q/NQ
2020
   10.944996   11.052928   0.99%   0
2019
   10.730257   10.944996   2.00%   0
2018
   10.907757   10.730257   -1.63%   0
2017
   10.975355   10.907757   -0.62%   0
2016
   11.037614   10.975355   -0.56%   0
2015
   11.222225   11.037614   -1.65%   0
2014
   11.348829   11.222225   -1.12%   0
PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class - Q/NQ
2020
   10.152853   10.178314   0.25%   0
2019
   10.072636   10.152853   0.80%   0
2018
   10.119131   10.072636   -0.46%   0
2017
   10.077042   10.119131   0.42%   0
2016*
   10.000000   10.077042   0.77%   0
PIMCO Variable Insurance Trust - Total Return Portfolio: Advisor Class - Q/NQ
2020
   11.128104   11.854017   6.52%   0
2019
   10.474035   11.128104   6.24%   0
2018
   10.740747   10.474035   -2.48%   0
2017
   10.439746   10.740747   2.88%   0
2016
   10.368114   10.439746   0.69%   0
2015
   10.528196   10.368114   -1.52%   0
2014
   10.297503   10.528196   2.24%   0
Putnam Variable Trust - Putnam VT International Equity Fund: Class IB - Q/NQ
2020
   19.677309   21.649258   10.02%   0
2019
   16.018922   19.677309   22.84%   0
2018
   20.179847   16.018922   -20.62%   0
2017
   16.241863   20.179847   24.25%   0
2016
   16.963350   16.241863   -4.25%   0
Putnam Variable Trust - Putnam VT International Value Fund: Class IB - Q/NQ
2020*
   10.000000   13.453798   34.54%   0
Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IB - Q/NQ
2020
   12.900198   13.396191   3.84%   0
T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II - Q/NQ
2020
   42.065379   53.371694   26.88%   0
2019
   33.319003   42.065379   26.25%   0
2018
   33.662119   33.319003   -1.02%   0
2017
   26.938602   33.662119   24.96%   0
2016
   30.738929   26.938602   -12.36%   0
2015
   27.845830   30.738929   10.39%   0
2014
   21.619829   27.845830   28.80%   0
106

 

Maximum Additional Contract Options Elected Total - 1.85%
Variable account charges of the daily net assets of the variable account - 1.85%
Period   Beginning Value   Ending Value   Percentage Change   Units
VanEck VIP Trust - Global Resources Fund: Class S - Q/NQ
2020
   5.584762   6.513462   16.63%   0
2019
   5.101053   5.584762   9.48%   0
2018
   7.261819   5.101053   -29.76%   0
2017
   7.547087   7.261819   -3.78%   0
2016
   5.361384   7.547087   40.77%   0
2015
   8.230100   5.361384   -34.86%   0
2014
   10.396890   8.230100   -20.84%   0
Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class A - Q/NQ
2020
   10.754260   10.391695   -3.37%   0
2019*
   10.000000   10.754260   7.54%   0
Wells Fargo Variable Trust - VT Small Cap Growth Fund: Class 2 - Q/NQ
2020
   34.229089   53.009989   54.87%   0
2019
   27.937597   34.229089   22.52%   0
2018
   28.099448   27.937597   -0.58%   0
2017
   22.745793   28.099448   23.54%   0
2016
   21.507226   22.745793   5.76%   0
2015
   22.563055   21.507226   -4.68%   0
2014
   23.428352   22.563055   -3.69%   0
107

NATIONWIDE

VARIABLE

ACCOUNT-II

Annual Report

To

Contract Owners

December 31, 2020

 

LOGO

NATIONWIDE LIFE INSURANCE COMPANY

HOME OFFICE: COLUMBUS, OHIO

Report of Independent Registered Public Accounting Firm

The Board of Directors of Nationwide Life Insurance Company and

Contract Owners of Nationwide Variable Account-II:

Opinion on the Financial Statements

We have audited the accompanying statement of assets, liabilities and contract owners’ equity of the sub-accounts listed in the Appendix that comprise the Nationwide Variable Account-II (the Separate Account) as of the date listed in the Appendix, the related statements of operations for the year or period listed in the Appendix and changes in contract owners’ equity for the years or periods listed in the Appendix, and the related notes including the financial highlights in Note 6 (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of each sub-account as of the date listed in the Appendix, the results of its operations for the year or period listed in the Appendix and the changes in its contract owners’ equity for the years or periods listed in the Appendix, and the financial highlights for each of the years or periods indicated in Note 6, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These financial statements are the responsibility of the Separate Account’s management. Our responsibility is to express an opinion on these financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Separate Account in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Such procedures also included confirmation of securities owned as of December 31, 2020, by correspondence with the transfer agent of the underlying mutual funds. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/    KPMG LLP

We have not been able to determine the specific year that we began serving as the auditor of one or more Nationwide Life Insurance Company separate account investment companies, however we are aware that we have served as the auditor of one or more Nationwide Life Insurance Company separate account investment companies since at least 1981.

Columbus, Ohio

April 2, 2021

Appendix  

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for each of the years in the two-year period then ended.

AB FUNDS

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Balanced Wealth Strategy Portfolio: Class B (ALVBWB)

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class A (ALVDAA)

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class B (ALVDAB)

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Growth and Income Portfolio: Class B (ALVGIB)

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B (ALVIVB)

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class A (ALVSVA)

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class B (ALVSVB)

ALGER AMERICAN FUNDS

Alger Mid Cap Growth Portfolio: Class S Shares (ALMCS)

ALPS FUNDS

ALPS Variable Investment Trust - ALPS/Alerian Energy Infrastructure Portfolio: Class III (AAEIP3)

ALPS Variable Investment Trust - ALPS/Red Rocks Global Opportunity Portfolio: Class III (ARLPE3) (1) 

AMERICAN CENTURY INVESTORS, INC.

American Century Variable Portfolios, Inc. - American Century VP Balanced Fund: Class I (ACVB)

American Century Variable Portfolios, Inc. - American Century VP Capital Appreciation Fund: Class I (ACVCA)

American Century Variable Portfolios, Inc. - American Century VP International Fund: Class I (ACVI)

American Century Variable Portfolios, Inc. - American Century VP Disciplined Core Value Fund: Class I (ACVIG) (1)

American Century Variable Portfolios, Inc. - American Century VP Disciplined Core Value Fund: Class II (ACVIG2) (1)

American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class I (ACVIP1)

American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II (ACVIP2)

American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class I (ACVMV1)

American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class II (ACVMV2)

American Century Variable Portfolios, Inc. - American Century VP Value Fund: Class II (ACVV2)

AMERICAN FUNDS GROUP (THE)

American Funds Insurance Series(R) - U.S. Government/AAA-Rated Securities Fund: Class 1 (AFGC)

American Funds Insurance Series(R) - Growth Fund: Class 1 (AFGF)

American Funds Insurance Series(R) - High-Income Bond Fund: Class 1 (AFHY)

 

2

American Funds Insurance Series(R) –Blue Chip Income and Growth Fund: Class 4 (AMVBC4)  

American Funds Insurance Series(R) - Capital Income Builder(R): Class 4 (AMVCB4)

American Funds Insurance Series(R) - Global Small Capitalization Fund: Class 4 (AMVGS4)

American Funds Insurance Series(R) - International Fund: Class 4 (AMVI4)

American Funds Insurance Series(R) - Managed Risk Asset Allocation Fund: Class P2 (AVPAP2)

BLACKROCK FUNDS

BlackRock Variable Series Funds, Inc. - BlackRock Equity Dividend V.I. Fund: Class III (BRVED3)

BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III (BRVHY3)

BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III (BRVTR3)

BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III (MLVGA3)

BNY MELLON INVESTMENT MANAGEMENT

BNY Mellon Variable Investment Fund - Appreciation Portfolio: Initial Shares (DCAP)

BNY Mellon Variable Investment Fund - Appreciation Portfolio: Service Shares (DCAPS)

BNY Mellon Variable Investment Fund - Growth and Income Portfolio: Initial Shares (DGI)

BNY Mellon Stock Index Fund, Inc.: Initial Shares (DSIF)

BNY Mellon Stock Index Fund, Inc.: Service Shares (DSIFS)

BNY Mellon Sustainable U.S. Equity Portfolio, Inc.: Initial Shares (DSRG)

BNY Mellon Variable Investment Fund - Opportunistic Small Cap Portfolio: Service Shares (DVDLS)

BNY Mellon Investment Portfolios - MidCap Stock Portfolio: Service Shares (DVMCSS)

BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares (DVSCS)

CHARLES SCHWAB FUNDS

Schwab Government Money Market Portfolio(TM) (CHSMM)

COLUMBIA FUNDS MANAGEMENT COMPANY

Columbia Funds Variable Series Trust II - Columbia VP High Yield Bond Fund: Class 2 (CLVHY2)

DELAWARE FUNDS BY MACQUARIE

Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class (DWVSVS)

Delaware Variable Insurance Product Trust - Delaware VIP Value Series: Service Class (DWVVLS)

EATON VANCE FUNDS

Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class (ETVFR)

FEDERATED HERMES, INC.

Federated Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Primary Shares (FQB) (1) 

Federated Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Service Shares (FQBS) (1)

Federated Hermes Insurance Series - Federated Hermes Managed Volatility Fund II: Service Shares (FVU2S) (1)

FIDELITY INVESTMENTS

Fidelity Variable Insurance Products Fund - VIP Asset Manager Portfolio: Initial Class (FAMP)

Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2 (FB2)

Fidelity Variable Insurance Products Fund - VIP Contrafund(R) Portfolio: Service Class 2 (FC2)

Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2 (FEI2)

Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Initial Class (FEIP)

Fidelity Variable Insurance Products - Emerging Markets Portfolio: Service Class 2 (FEMS2)

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class (FF10S)

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2 (FF10S2)

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class (FF20S)

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class 2 (FF20S2)

 

3

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class (FF30S)  

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class 2 (FF30S2)

Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2 (FG2)

Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2 (FGI2)

Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Initial Class (FGP)

Fidelity Variable Insurance Products Fund - VIP High Income Portfolio: Initial Class (FHIP)

Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2 (FIGBP2)

Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class (FIGBS)

Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2 (FMC2)

Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class (FMCS)

Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2 (FNRS2)

Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class 2 (FO2)

Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Initial Class (FOP)

Fidelity Variable Insurance Products - VIP Real Estate Portfolio: Service Class 2 (FRESS2)

Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class (FVSS)

Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class 2 (FVSS2)

FRANKLIN TEMPLETON DISTRIBUTORS, INC.

Franklin Templeton Variable Insurance Products Trust - Templeton Developing Markets VIP Fund: Class 2 (FTVDM2)

Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2 (FTVFA2)

Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2 (FTVGI2)

Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2 (FTVIS2)

Franklin Templeton Variable Insurance Products Trust - Franklin Mutual Global Discovery VIP Fund: Class 2 (FTVMD2)

Franklin Templeton Variable Insurance Products Trust - Franklin Rising Dividends VIP Fund: Class 2 (FTVRD2)

Franklin Templeton Variable Insurance Products Trust - Franklin Strategic Income VIP Fund: Class 2 (FTVSI2)

Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2 (FTVSV2)

Franklin Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 2 (TIF2)

GOLDMAN SACHS ASSET MANAGEMENT GROUP

Goldman Sachs Variable Insurance Trust - Goldman Sachs Global Trends Allocation Fund: Service Shares (GVGMNS)

Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares (GVMSAS)

Goldman Sachs Variable Insurance Trust - Goldman Sachs Small Cap Equity Insights Fund: Service Shares (GVSSCS)

GUGGENHEIM INVESTMENTS

Guggenheim Variable Fund - Long Short Equity Fund (RSRF)

Guggenheim Variable Fund - Multi-Hedge Strategies (RVARS)

INVESCO INVESTMENTS

Invesco - Invesco V.I. American Franchise Fund: Series II Shares (ACEG2)

 

4

Invesco Variable Insurance Funds - Invesco V.I. Balanced-Risk Allocation Fund: Series I Shares (IVBRA1)  

Invesco - Invesco V.I. Mid Cap Core Equity Fund: Series II Shares (IVMCC2)

Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund: Series I (OVAG)

Invesco Oppenheimer V.I. Total Return Bond Fund: Series I (OVB)

Invesco Oppenheimer V.I. Main Street Fund: Series I (OVGI)

Invesco Oppenheimer V.I. Main Street Fund: Series II (OVGIS)

Invesco Oppenheimer V.I. Global Fund: Series I (OVGS)

Invesco Oppenheimer V.I. Global Fund: Series II (OVGSS)

Invesco Oppenheimer V.I. International Growth Fund: Series I (OVIG)

Invesco Oppenheimer V.I. International Growth Fund: Series II (OVIGS)

Invesco Oppenheimer V.I. Conservative Balanced Fund: Series I (OVMS)

Invesco Oppenheimer V.I. Global Strategic Income Fund: Series I (OVSB)

Invesco Oppenheimer V.I. Global Strategic Income Fund: Series II (OVSBS)

Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series I (OVSC)

Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series II (OVSCS)

IVY INVESTMENTS

Ivy Variable Insurance Portfolios - Asset Strategy: Class II (WRASP)

Ivy Variable Insurance Portfolios - Energy: Class II (WRENG)

Ivy Variable Insurance Portfolios - High Income: Class II (WRHIP)

Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II (WRMCG)

Ivy Variable Insurance Portfolios - Pathfinder Aggressive: Class II (WRPAP)

Ivy Variable Insurance Portfolios - Pathfinder Conservative: Class II (WRPCP)

Ivy Variable Insurance Portfolios - Pathfinder Moderately Aggressive: Class II (WRPMAP)

Ivy Variable Insurance Portfolios - Pathfinder Moderately Aggressive - Managed Volatility: Class II (WRPMAV)

Ivy Variable Insurance Portfolios - Pathfinder Moderately Conservative: Class II (WRPMCP)

Ivy Variable Insurance Portfolios - Pathfinder Moderately Conservative - Managed Volatility: Class II (WRPMCV)

Ivy Variable Insurance Portfolios - Pathfinder Moderate - Managed Volatility: Class II (WRPMMV)

Ivy Variable Insurance Portfolios - Pathfinder Moderate: Class II (WRPMP)

J.P. MORGAN INVESTMENT MANAGEMENT INC.

JPMorgan Insurance Trust - JPMorgan Insurance Trust Mid Cap Value Portfolio: Class 1 (JPMMV1)

JANUS HENDERSON INVESTORS

Janus Aspen Series - Janus Henderson Balanced Portfolio: Service Shares (JABS) (1) 

Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares (JACAS) (1)

Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares (JAFBS) (1)

Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares (JAGTS) (1)

Janus Aspen Series - Janus Henderson Overseas Portfolio: Service Shares (JAIGS) (1)

Janus Aspen Series - Janus Henderson Enterprise Portfolio: Service Shares (JAMGS) (1)

LAZARD FUNDS

Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares (LZREMS)

LORD ABBETT FUNDS

Lord Abbett Series Fund, Inc. - Short Duration Income Portfolio: Class VC (LOVSDC)

Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC (LOVTRC)

MAINSTAY FUNDS

MainStay VP Funds Trust - MainStay VP MacKay Convertible Portfolio: Service 2 Class (MNCPS2)

MASSACHUSETTS FINANCIAL SERVICES CO.

MFS(R) Variable Insurance Trust II - MFS Massachusetts Investors Growth Stock Portfolio: Service Class (M2IGSS)

MFS(R) Variable Insurance Trust - MFS New Discovery Series: Service Class (MNDSC)

 

5

MFS(R) Variable Insurance Trust - MFS Value Series: Service Class (MVFSC)  

MFS(R) Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Service Class (MVIVSC)

MFS(R) Variable Insurance Trust - MFS Utilities Series: Service Class (MVUSC)

MERGER FUNDS

The Merger Fund VL - The Merger Fund VL (MGRFV)

MORGAN STANLEY

Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class I (MSEM)

Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class II (MSEMB)

Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II (MSGI2)

Morgan Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class II (MSVF2)

Morgan Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class I (MSVFI)

Morgan Stanley Variable Insurance Fund, Inc. - U.S. Real Estate Portfolio: Class I (MSVRE)

Morgan Stanley Variable Insurance Fund, Inc. - U.S. Real Estate Portfolio: Class II (MSVREB)

Morgan Stanley Variable Insurance Fund, Inc. - Global Real Estate Portfolio: Class II (VKVGR2)

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - DoubleLine NVIT Total Return Tactical Fund: Class II (DTRTFB)

Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class I (EIF)

Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class II (EIF2)

Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I (GBF)

Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class I (GEM)

Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class II (GEM2)

Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class I (GIG)

Nationwide Variable Insurance Trust - American Funds NVIT Asset Allocation Fund: Class II (GVAAA2)

Nationwide Variable Insurance Trust - American Funds NVIT Bond Fund: Class II (GVABD2)

Nationwide Variable Insurance Trust - American Funds NVIT Global Growth Fund: Class II (GVAGG2)

Nationwide Variable Insurance Trust - American Funds NVIT Growth-Income Fund: Class II (GVAGI2)

Nationwide Variable Insurance Trust - American Funds NVIT Growth Fund: Class II (GVAGR2)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II (GVDMA)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II (GVDMC)

Nationwide Variable Insurance Trust - NVIT S&P 500 Index Fund: Class II (GVEX2)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II (GVIDA)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II (GVIDC)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II (GVIDM)

Nationwide Variable Insurance Trust - NVIT International Index Fund: Class II (GVIX2)

Nationwide Variable Insurance Trust - NVIT International Index Fund: Class VIII (GVIX8)

Nationwide Variable Insurance Trust - Federated NVIT High Income Bond Fund: Class I (HIBF)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II (IDPG2)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II (IDPGI2)

Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I (MCIF)

Nationwide Variable Insurance Trust - Amundi NVIT Multi Sector Bond Fund: Class I (MSBF)

 

6

Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II (NAMAA2)  

Nationwide Variable Insurance Trust - NVIT Managed American Funds Growth-Income Fund: Class II (NAMGI2)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II (NCPG2) (1) 

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II (NCPGI2) (1)

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class I (NVAMV1) (1)

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class II (NVAMV2) (1)

Nationwide Variable Insurance Trust - NVIT Bond Index Fund: Class I (NVBX)

Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class I (NVCBD1)

Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class II (NVCBD2)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class II (NVCCA2) (1)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II (NVCCN2) (1)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class II (NVCMA2) (1)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II (NVCMC2) (1)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II (NVCMD2) (1)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class II (NVCRA2) (1)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II (NVCRB2) (1)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II (NVDBL2)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II (NVDCA2)

Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II (NVIE6)

Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class II (NVLCP2)

Nationwide Variable Insurance Trust - BlackRock NVIT Managed Global Allocation Fund: Class II (NVMGA2)

Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class I (NVMIG1) (1)

Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class II (NVMIG6) (1)

Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class I (NVMLG1) (1)

Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class II (NVMLG2) (1)

Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class I (NVMMG1) (1)

Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class II (NVMMG2) (1)

Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class I (NVMMV1)

Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II (NVMMV2)

Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class I (NVNMO1)

Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class II (NVNMO2)

 

7

Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class I (NVNSR1)  (1) 

Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class II (NVNSR2) (1)

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class I (NVOLG1) (1)

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class II (NVOLG2) (1)

Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class I (NVRE1)

Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class II (NVRE2)

Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II (NVSIX2)

Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II (NVSTB2)

Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class I (NVTIV3) (1)

Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I (SAM)

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class I (SCF)

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class II (SCF2)

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class I (SCGF)

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class II (SCGF2)

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class I (SCVF)

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class II (SCVF2)

Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class I (TRF) (1)

Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class II (TRF2) (1)

NEUBERGER & BERMAN MANAGEMENT, INC.

Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: I Class Shares (AMCG)

Neuberger Berman Advisers Management Trust - International Equity Portfolio: S Class Shares (AMINS)

Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: S Class Shares (AMMCGS)

Neuberger Berman Advisers Management Trust - Sustainable Equity Portfolio: Class I Shares (AMSRS)

Neuberger Berman Advisers Management Trust - Short Duration Bond Portfolio: I Class Shares (AMTB)

NORTHERN LIGHTS

Northern Lights Variable Trust - TOPS Managed Risk Balanced ETF Portfolio: Class 4 (NOTB4)

Northern Lights Variable Trust - TOPS Managed Risk Growth ETF Portfolio: Class 4 (NOTG4)

Northern Lights Variable Trust - TOPS Managed Risk Moderate Growth ETF Portfolio: Class 4 (NOTMG4)

PIMCO FUNDS

PIMCO Variable Insurance Trust - Dynamic Bond Portfolio: Advisor Class (PMUBA)

PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor Class (PMVAAD)

PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Advisor Class (PMVEBD)

PIMCO Variable Insurance Trust - International Bond Portfolio (unhedged): Advisor Class (PMVFAD)

PIMCO Variable Insurance Trust - International Bond Portfolio (U.S. Dollar-Hedged): Administrative Class (PMVFHA)

PIMCO Variable Insurance Trust - High Yield Portfolio: Advisor Class (PMVHYD)

PIMCO Variable Insurance Trust - Income Portfolio: Advisor Class (PMVIV)

PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class (PMVLAD)

PIMCO Variable Insurance Trust - Real Return Portfolio - Advisor Class (PMVRA)

PIMCO Variable Insurance Trust - Commodity Real Return(R) Strategy Portfolio: Advisor Class (PMVRSD)

 

8

PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class (PMVSTA)  

PIMCO Variable Insurance Trust - Total Return Portfolio: Advisor Class (PMVTRD)

PUTNAM INVESTMENTS

Putnam Variable Trust - Putnam VT Equity Income Fund: Class IB (PVEIB)

Putnam Variable Trust - Putnam VT Growth Opportunities Fund: Class IB (PVGOB)

Putnam Variable Trust - Putnam VT International Equity Fund: Class IB (PVTIGB)

RATIONAL FUNDS

Mutual Fund and Variable Insurance Trust - Rational Insider Buying VA Fund (HVSIT)

ROYCE CAPITAL FUNDS

Royce Capital Fund - Royce Small-Cap Portfolio: Investment Class (ROCSC)

T. ROWE PRICE

T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II (TRHS2)

VAN ECK ASSOCIATES CORPORATION

VanEck VIP Trust - Emerging Markets Bond Fund: Initial Class (VWBF) (1) 

VanEck VIP Trust - Emerging Markets Fund: Initial Class (VWEM)

VanEck VIP Trust - Global Hard Assets Fund: Initial Class (VWHA)

VanEck VIP Trust - Global Hard Assets Fund: Class S (VWHAS)

VICTORY FUNDS

Victory Variable Insurance Funds - Diversified Stock Fund: Class A Shares (VYDS)

WELLS FARGO FUNDS

Wells Fargo Variable Trust - VT Discovery Fund: Class 2 (SVDF)

Wells Fargo Variable Trust - VT Opportunity Fund: Class 2 (SVOF)

Wells Fargo Variable Trust - VT Omega Growth Fund: Class 2 (WFVOG2)

Wells Fargo Variable Trust - VT Small Cap Growth Fund: Class 2 (WFVSCG)

Statement of changes in contract owners’ equity for the period from January 1, 2019 to April 30, 2019 (liquidation).

NEUBERGER & BERMAN MANAGEMENT, INC.

Neuberger Berman Advisers Management Trust - Large Cap Value Portfolio: Class I (AMTP)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, and the related statements of operations and changes in contract owners’ equity for the period from November 19, 2020 (inception) to December 31, 2020.

AMERICAN FUNDS GROUP (THE)

American Funds Insurance Series(R) - New World Fund: Class 4 (AMVNW4)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, and the related statements of operations and changes in contract owners’ equity for the period from August 18, 2020 (inception) to December 31, 2020.

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class II (GBF2)

 

9

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, and the related statements of operations and changes in contract owners’ equity for the period from May 19, 2020 (inception) to December 31, 2020.  

MASSACHUSETTS FINANCIAL SERVICES CO

MFS(R) Variable Insurance Trust II - MFS Research International Portfolio: Service Class (MV2RIS)

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - NVIT S&P 500 Index Fund: Class I (GVEX1)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2020 and the period from October 15, 2019 (inception) to December 31, 2019.

J.P. MORGAN INVESTMENT MANAGEMENT INC.

JPMorgan Insurance Trust - JPMorgan Insurance Trust Core Bond Portfolio: Class 2 (JPICB2)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, and the related statements of operations and changes in contract owners’ equity for the period from July 1, 2020 (inception) to December 31, 2020.

MASSACHUSETTS FINANCIAL SERVICES CO.

MFS(R) Variable Insurance Trust - MFS Total Return Bond Series: Service Class (MVRBSS)

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class II (MCIF2)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, and the related statements of operations and changes in contract owners’ equity for the period from May 5, 2020 (inception) to December 31, 2020.

MASSACHUSETTS FINANCIAL SERVICES CO

MFS(R) Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Service Class (MV3MVS)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2020 and the period from May 20, 2019 (inception) to December 31, 2019.

MASSACHUSETTS FINANCIAL SERVICES CO

MFS(R) Variable Insurance Trust II - MFS International Growth Portfolio: Service Class (MVIGSC)

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - NVIT iShares Global Equity ETF Fund: Class II (NVGEII)

 

10

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2020 and the period from October 22, 2019 (inception) to December 31, 2019.  

NATIONWIDE FUNDS GROUP.

Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic(SM) Multi-Asset Fund: Class II (NJMMA2)

Nationwide Variable Insurance Trust - NVIT J.P. Morgan Disciplined Equity Fund: Class II (NJNDE2)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, and the related statements of operations and changes in contract owners’ equity for the period from September 11, 2020 (inception) to December 31, 2020.

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class X (NVAMVX)

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class Z (NVAMVZ)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2020 and the period from May 13, 2019 (inception) to December 31, 2019.

NATIONWIDE FUNDS GROUP.

Nationwide Variable Insurance Trust - NVIT iShares Fixed Income ETF Fund: Class II (NVFIII)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, and the related statements of operations and changes in contract owners’ equity for the period from October 16, 2020 (inception) to December 31, 2020.

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class X (NVMIVX)

Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class Z (NVMIVZ)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, and the related statements of operations and changes in contract owners’ equity for the period from September 14, 2020 (inception) to December 31, 2020.

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class II (NVMM2)

 

11

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, and the related statements of operations and changes in contract owners’ equity for the period from April 30, 2020 (inception) to December 31, 2020.  

INVESCO INVESTMENTS

Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund: Series II (OVAG2)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, and the related statements of operations and changes in contract owners’ equity for the period from June 4, 2020 (inception) to December 31, 2020.

PUTNAM INVESTMENTS

Putnam Variable Trust - Putnam VT International Value Fund: Class IB (PVIGIB)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2020 and the period from May 16, 2019 (inception) to December 31, 2019.

VIRTUS MUTUAL FUNDS

Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class A (VRVDRA)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2020 and the period from February 1, 2019 (inception) to December 31, 2019.

VAN ECK ASSOCIATES CORPORATION

VanEck VIP Trust - VanEck VIP Global Gold Fund: Class S (VVGGS)

Statement of operations for the period from January 1, 2020 to April 30, 2020 (liquidation) and the statements of changes in contract owners’ equity for the period from January 1, 2020 to April 30, 2020 (liquidation) and the year ended December 31, 2019.

INVESCO INVESTMENTS

Invesco - Invesco V.I. Mid Cap Growth Fund: Series II Shares (IVKMG2)

Statement of operations for the period from January 1, 2020 to October 16, 2020 (liquidation) and the statements of changes in contract owners’ equity for the period from January 1, 2020 to October 16, 2020 (liquidation) and the year ended December 31, 2019.

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - NVIT Multi-Manager International Value Fund: Class I (GVDIVI)

Nationwide Variable Insurance Trust - NVIT Multi-Manager International Value Fund: Class II (GVDIV2)

 

12

Statement of operations for the period from January 1, 2020 to October 23, 2020 (liquidation) and the statements of changes in contract owners’ equity for the period from January 1, 2020 to October 23, 2020 (liquidation) and the year ended December 31, 2019.  

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - NVIT DFA Capital Appreciation Fund: Class II (NVLCA2)

Nationwide Variable Insurance Trust - NVIT DFA Moderate Fund: Class II (NVLM2)

Statement of operations for the period from January 1, 2020 to September 11, 2020 (liquidation) and the statements of changes in contract owners’ equity for the period from January 1, 2020 to September 11, 2020 (liquidation) and the year ended December 31, 2019.

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class I (NVMLV1)

Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class II (NVMLV2)

 

(1)  

See Note 1 to the financial statements for the former name of the sub-account.

 

13

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2020

 

Subaccount*,**    Shares      Cost      Investments, at
fair value		      Accounts
Receivable		     

Total

Assets

      Accounts
Payable		      Contract
Owners’
Equity		      Accumulation
Units		      Contracts in
Payout		      Contract
Owners’
Equity		  

ALVBWB

      33,211      $ 361,806      $ 347,724      $ -          $ 347,724      $ 12      $ 347,712      $ 347,712      $ -          $ 347,712  

ALVDAA

      4,517        54,252        62,738        -            62,738        6        62,732        62,732        -            62,732  

ALVDAB

      1,000,431        11,981,152        13,805,944        -            13,805,944        49        13,805,895        13,805,895        -            13,805,895  

ALVGIB

      128,834        3,718,516        3,662,755        -            3,662,755        77        3,662,678        3,662,678        -            3,662,678  

ALVIVB

      108,725        1,448,617        1,559,118        2        1,559,120        -            1,559,120        1,559,120        -            1,559,120  

ALVSVA

      28,411        488,549        494,070        5        494,075        -            494,075        494,075        -            494,075  

ALVSVB

      6,061,599        102,550,263        104,198,892        -            104,198,892        95        104,198,797        104,195,951        2,846        104,198,797  

ALMCS

      16,935        492,927        509,755        12        509,767        -            509,767        509,767        -            509,767  

AAEIP3

      3,795        32,574        24,779        -            24,779        9        24,770        24,770        -            24,770  

ARLPE3

      10,193        137,992        149,329        6        149,335        -            149,335        149,335        -            149,335  

ACVB

      2,954,788        21,825,908        25,795,296        313        25,795,609        -            25,795,609        25,726,888        68,721        25,795,609  

ACVCA

      2,227        31,198        42,907        -            42,907        75        42,832        -            42,832        42,832  

ACVI

      562        6,208        7,924        61        7,985        -            7,985        -            7,985        7,985  

ACVIG

      1,348,769        12,503,386        13,865,345        -            13,865,345        65        13,865,280        13,865,280        -            13,865,280  

ACVIG2

      340,283        3,137,322        3,498,109        12        3,498,121        -            3,498,121        3,498,121        -            3,498,121  

ACVIP1

      172,693        1,759,049        1,918,616        -            1,918,616        -            1,918,616        1,918,616        -            1,918,616  

ACVIP2

      18,560,958        190,319,362        205,841,021        -            205,841,021        191        205,840,830        205,662,850        177,980        205,840,830  

ACVMV1

      451,460        9,068,389        9,272,978        -            9,272,978        6        9,272,972        9,253,445        19,527        9,272,972  

ACVMV2

      7,604,778        143,270,759        156,430,278        -            156,430,278        150        156,430,128        156,368,879        61,249        156,430,128  

ACVV2

      273,553        2,985,850        3,061,056        38        3,061,094        -            3,061,094        3,061,094        -            3,061,094  

AFGC

      55,677        697,721        726,025        12        726,037        -            726,037        725,635        402        726,037  

AFGF

      128,647        9,155,292        15,464,705        436        15,465,141        -            15,465,141        15,461,329        3,812        15,465,141  

AFHY

      53,002        507,603        519,415        161        519,576        -            519,576        514,946        4,630        519,576  

AMVBC4

      64,599        831,869        908,260        11        908,271        -            908,271        908,271        -            908,271  

AMVCB4

      16,425        164,731        178,207        -            178,207        12        178,195        178,195        -            178,195  

AMVGS4

      20,114        469,740        637,023        -            637,023        5        637,018        637,018        -            637,018  

AMVI4

      14,789        272,021        343,836        -            343,836        1        343,835        343,835        -            343,835  

AMVNW4

      1,784        54,451        55,372        -            55,372        1        55,371        55,371        -            55,371  

AVPAP2

      52,522,755        634,807,083        706,431,053        -            706,431,053        34        706,431,019        706,431,019        -            706,431,019  

BRVED3

      20,615,100        225,560,385        240,165,913        -            240,165,913        71        240,165,842        240,120,474        45,368        240,165,842  

BRVHY3

      5,042,647        36,572,814        38,071,982        140,234        38,212,216        -            38,212,216        38,197,026        15,190        38,212,216  

BRVTR3

      33,586,302        400,275,745        411,096,340        566,347        411,662,687        -            411,662,687        411,656,607        6,080        411,662,687  

MLVGA3

      21,861,652        320,262,685        356,126,309        1,275        356,127,584        -            356,127,584        355,709,751        417,833        356,127,584  

DCAP

      605,946        23,766,035        28,588,539        47        28,588,586        -            28,588,586        28,557,319        31,267        28,588,586  

DCAPS

      1,979,699        73,016,714        92,253,972        -            92,253,972        45        92,253,927        92,240,083        13,844        92,253,927  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2020

 

Subaccount*,**    Shares      Cost      Investments, at
fair value		      Accounts
Receivable		     

Total

Assets

      Accounts
Payable		      Contract
Owners’
Equity		      Accumulation
Units		      Contracts in
Payout		      Contract
Owners’
Equity		  

DGI

      411,792        11,045,271        14,692,744        -            14,692,744        118        14,692,626        14,684,256        8,370        14,692,626  

DSIF

      3,693,020        135,073,153        237,350,371        156        237,350,527        -            237,350,527        237,006,672        343,855        237,350,527  

DSIFS

      2,058,640        92,711,165        132,514,670        -            132,514,670        49        132,514,621        132,479,598        35,023        132,514,621  

DSRG

      918,265        32,441,278        43,378,825        295        43,379,120        -            43,379,120        43,351,654        27,466        43,379,120  

DVDLS

      17,829        818,132        840,616        -            840,616        5        840,611        840,063        548        840,611  

DVMCSS

      1,774,208        32,249,853        35,200,286        229        35,200,515        -            35,200,515        35,171,532        28,983        35,200,515  

DVSCS

      3,584,520        57,692,541        68,320,943        -            68,320,943        34        68,320,909        68,254,126        66,783        68,320,909  

CHSMM

      6,896,815        6,896,821        6,896,815        10        6,896,825        -            6,896,825        6,896,825        -            6,896,825  

CLVHY2

      1,178,319        7,687,136        8,000,788        -            8,000,788        39        8,000,749        8,000,749        -            8,000,749  

DWVSVS

      1,774,739        60,928,101        60,305,623        151        60,305,774        -            60,305,774        60,281,289        24,485        60,305,774  

DWVVLS

      81,077        2,309,038        2,326,906        17        2,326,923        -            2,326,923        2,326,923        -            2,326,923  

ETVFR

      6,117,246        56,263,291        55,238,730        -            55,238,730        118        55,238,612        55,233,486        5,126        55,238,612  

FQB

      425,034        4,722,040        5,023,904        -            5,023,904        12        5,023,892        5,023,892        -            5,023,892  

FQBS

      1,310,810        14,499,688        15,454,447        -            15,454,447        24        15,454,423        15,454,423        -            15,454,423  

FVU2S

      49,213        512,890        545,771        -            545,771        -            545,771        545,771        -            545,771  

FAMP

      5,380,120        77,694,434        91,677,248        382        91,677,630        -            91,677,630        91,581,414        96,216        91,677,630  

FB2

      37,001,079        660,269,463        837,704,429        188        837,704,617        -            837,704,617        837,511,380        193,237        837,704,617  

FC2

      1,397,333        55,936,461        65,297,356        -            65,297,356        136        65,297,220        65,297,220        -            65,297,220  

FEI2

      13,034,627        273,940,034        302,142,644        -            302,142,644        133        302,142,511        302,112,920        29,591        302,142,511  

FEIP

      11,035,151        232,042,396        263,740,115        1,673        263,741,788        -            263,741,788        263,346,266        395,522        263,741,788  

FEMS2

      1,795,764        23,269,095        26,469,557        -            26,469,557        82        26,469,475        26,469,475        -            26,469,475  

FF10S

      399,489        5,063,689        5,696,719        -            5,696,719        11        5,696,708        5,696,708        -            5,696,708  

FF10S2

      20,882,980        258,766,573        295,911,827        289        295,912,116        -            295,912,116        295,834,904        77,212        295,912,116  

FF20S

      542,401        7,345,991        8,119,743        -            8,119,743        12        8,119,731        8,119,731        -            8,119,731  

FF20S2

      28,307,238        333,883,727        422,343,986        -            422,343,986        90        422,343,896        421,937,337        406,559        422,343,896  

FF30S

      931,247        12,743,049        15,635,644        14        15,635,658        -            15,635,658        15,635,658        -            15,635,658  

FF30S2

      4,884,875        67,092,118        81,723,966        -            81,723,966        31        81,723,935        81,714,212        9,723        81,723,935  

FG2

      5,991,582        402,636,241        602,633,315        -            602,633,315        16,756        602,616,559        602,332,549        284,010        602,616,559  

FGI2

      29,566,863        583,860,386        642,192,271        12        642,192,283        -            642,192,283        642,192,283        -            642,192,283  

FGP

      5,252,906        268,159,729        541,049,298        3,944        541,053,242        -            541,053,242        540,162,585        890,657        541,053,242  

FHIP

      6,401,649        34,548,768        33,992,755        -            33,992,755        175        33,992,580        33,944,173        48,407        33,992,580  

FIGBP2

      70,582,290        895,398,514        968,389,017        -            968,389,017        192        968,388,825        968,324,680        64,145        968,388,825  

FIGBS

      1,144,545        14,784,593        15,932,073        -            15,932,073        92        15,931,981        15,901,461        30,520        15,931,981  

FMC2

      6,483,129        196,431,648        241,755,867        -            241,755,867        295        241,755,572        241,712,950        42,622        241,755,572  

FMCS

      430,879        14,065,348        16,494,047        7        16,494,054        -            16,494,054        16,479,421        14,633        16,494,054  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2020

 

Subaccount*,**    Shares      Cost      Investments, at
fair value		      Accounts
Receivable		     

Total

Assets

      Accounts
Payable		      Contract
Owners’
Equity		      Accumulation
Units		      Contracts in
Payout		      Contract
Owners’
Equity		  

FNRS2

      4,041,173        58,079,475        41,906,965        -            41,906,965        149        41,906,816        41,896,057        10,759        41,906,816  

FO2

      3,849,641        76,909,427        101,053,065        -            101,053,065        48        101,053,017        100,929,052        123,965        101,053,017  

FOP

      2,042,860        39,457,574        54,176,655        4,007        54,180,662        -            54,180,662        54,134,921        45,741        54,180,662  

FRESS2

      479,238        8,838,043        8,199,771        -            8,199,771        44        8,199,727        8,199,727        -            8,199,727  

FVSS

      268,206        3,443,850        3,623,462        -            3,623,462        37        3,623,425        3,623,425        -            3,623,425  

FVSS2

      369,117        4,768,632        5,049,517        -            5,049,517        133        5,049,384        5,027,608        21,776        5,049,384  

FTVDM2

      795,294        6,992,592        9,257,228        -            9,257,228        62        9,257,166        9,257,166        -            9,257,166  

FTVFA2

      15,724,448        97,150,546        85,383,751        -            85,383,751        104        85,383,647        85,283,835        99,812        85,383,647  

FTVGI2

      5,920,195        100,094,554        81,817,089        -            81,817,089        700        81,816,389        81,577,433        238,956        81,816,389  

FTVIS2

      13,648,504        205,675,121        205,273,504        7        205,273,511        -            205,273,511        205,226,747        46,764        205,273,511  

FTVMD2

      53,342        908,601        902,008        -            902,008        7        902,001        902,001        -            902,001  

FTVRD2

      1,103,752        27,703,097        32,163,346        -            32,163,346        34        32,163,312        32,143,688        19,624        32,163,312  

FTVSI2

      163,484        1,716,923        1,693,694        -            1,693,694        5        1,693,689        1,693,689        -            1,693,689  

FTVSV2

      5,318,928        77,788,615        77,124,455        -            77,124,455        132        77,124,323        77,109,801        14,522        77,124,323  

TIF2

      1,990,192        29,020,718        26,429,753        -            26,429,753        19        26,429,734        26,415,652        14,082        26,429,734  

GVGMNS

      786,566        9,329,418        9,902,865        -            9,902,865        71        9,902,794        9,889,514        13,280        9,902,794  

GVMSAS

      207,395        1,881,817        1,959,882        13        1,959,895        -            1,959,895        1,959,895        -            1,959,895  

GVSSCS

      38,267        452,343        512,394        47        512,441        -            512,441        512,441        -            512,441  

RSRF

      478        7,401        6,890        -            6,890        1        6,889        6,889        -            6,889  

RVARS

      536,978        13,108,663        13,752,012        -            13,752,012        64        13,751,948        13,727,695        24,253        13,751,948  

ACEG2

      73,845        4,868,185        6,225,890        39        6,225,929        -            6,225,929        6,224,889        1,040        6,225,929  

IVBRA1

      25,126        272,023        263,316        -            263,316        -            263,316        263,316        -            263,316  

IVMCC2

      1,492,753        17,329,678        15,285,792        -            15,285,792        33        15,285,759        15,253,477        32,282        15,285,759  

OVAG

      138,036        10,754,697        14,760,175        -            14,760,175        42        14,760,133        14,759,687        446        14,760,133  

OVAG2

      175,378        11,952,764        17,195,837        -            17,195,837        37        17,195,800        17,195,800        -            17,195,800  

OVB

      2,073,873        16,377,883        17,482,748        217        17,482,965        -            17,482,965        17,447,533        35,432        17,482,965  

OVGI

      395,561        11,117,314        11,831,235        -            11,831,235        70        11,831,165        11,831,165        -            11,831,165  

OVGIS

      6,160,963        169,943,241        181,748,394        1,035        181,749,429        -            181,749,429        181,677,490        71,939        181,749,429  

OVGS

      2,892,641        116,017,586        150,764,444        227        150,764,671        -            150,764,671        150,555,876        208,795        150,764,671  

OVGSS

      2,671,567        107,601,246        137,211,700        316        137,212,016        -            137,212,016        136,993,181        218,835        137,212,016  

OVIG

      597,947        1,417,045        1,740,025        1        1,740,026        -            1,740,026        1,740,026        -            1,740,026  

OVIGS

      22,470,360        55,525,768        68,309,894        -            68,309,894        85        68,309,809        68,309,809        -            68,309,809  

OVMS

      1,399,294        19,444,395        25,089,336        45        25,089,381        -            25,089,381        25,020,942        68,439        25,089,381  

OVSB

      321,529        1,572,428        1,556,199        12        1,556,211        -            1,556,211        1,556,211        -            1,556,211  

OVSBS

      938,452        4,799,271        4,692,260        4        4,692,264        -            4,692,264        4,692,036        228        4,692,264  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2020

 

Subaccount*,**    Shares      Cost      Investments, at
fair value		      Accounts
Receivable		     

Total

Assets

      Accounts
Payable		      Contract
Owners’
Equity		      Accumulation
Units		      Contracts in
Payout		      Contract
Owners’
Equity		  

OVSC

      198,885        4,684,958        5,453,427        33        5,453,460        -            5,453,460        5,442,363        11,097        5,453,460  

OVSCS

      4,238,568        93,334,069        114,059,875        -            114,059,875        39,465        114,020,410        113,886,441        133,969        114,020,410  

WRASP

      13,995,351        136,940,802        146,145,054        -            146,145,054        264        146,144,790        145,790,113        354,677        146,144,790  

WRENG

      21,228        48,387        52,665        -            52,665        7        52,658        52,658        -            52,658  

WRHIP

      18,859,857        66,495,602        64,032,986        -            64,032,986        87        64,032,899        63,866,020        166,879        64,032,899  

WRMCG

      11,265,985        141,683,432        196,974,481        -            196,974,481        170        196,974,311        196,974,311        -            196,974,311  

WRPAP

      2,365        11,467        11,626        -            11,626        8        11,618        11,618        -            11,618  

WRPCP

      521,133        2,525,396        2,769,719        -            2,769,719        36        2,769,683        2,769,683        -            2,769,683  

WRPMAP

      7,005,734        34,602,324        36,310,718        12        36,310,730        -            36,310,730        36,310,730        -            36,310,730  

WRPMAV

      867,787        4,414,803        4,735,687        -            4,735,687        6        4,735,681        4,735,681        -            4,735,681  

WRPMCP

      1,015,616        5,269,496        5,345,795        -            5,345,795        37        5,345,758        5,345,758        -            5,345,758  

WRPMCV

      233,600        1,218,639        1,317,338        -            1,317,338        9        1,317,329        1,317,329        -            1,317,329  

WRPMMV

      826,269        4,353,063        4,763,521        -            4,763,521        8        4,763,513        4,763,513        -            4,763,513  

WRPMP

      3,878,391        19,342,091        19,958,978        -            19,958,978        56,980        19,901,998        19,901,998        -            19,901,998  

JPICB2

      1,504,747        17,297,662        17,635,636        20        17,635,656        -            17,635,656        17,635,656        -            17,635,656  

JPMMV1

      852,625        8,890,322        9,285,090        36        9,285,126        -            9,285,126        9,285,126        -            9,285,126  

JABS

      219,443        7,528,776        10,116,320        8        10,116,328        -            10,116,328        10,116,328        -            10,116,328  

JACAS

      2,981,252        104,437,095        157,887,122        -            157,887,122        174        157,886,948        157,842,388        44,560        157,886,948  

JAFBS

      6,449,902        84,323,491        90,169,627        -            90,169,627        54        90,169,573        90,145,783        23,790        90,169,573  

JAGTS

      12,471,893        170,672,394        255,673,809        -            255,673,809        62        255,673,747        255,649,680        24,067        255,673,747  

JAIGS

      986,473        27,875,993        36,085,170        -            36,085,170        164        36,085,006        36,077,653        7,353        36,085,006  

JAMGS

      26,287        1,894,071        2,299,096        -            2,299,096        32        2,299,064        2,299,064        -            2,299,064  

LZREMS

      2,079,703        42,445,361        43,944,127        35        43,944,162        -            43,944,162        43,856,657        87,505        43,944,162  

LOVSDC

      55,687        799,276        797,445        -            797,445        11        797,434        797,434        -            797,434  

LOVTRC

      3,618,528        61,078,117        62,781,453        -            62,781,453        55        62,781,398        62,781,398        -            62,781,398  

MNCPS2

      14,682        205,987        264,196        -            264,196        8        264,188        264,188        -            264,188  

M2IGSS

      274,910        4,972,979        6,782,041        -            6,782,041        44        6,781,997        6,781,997        -            6,781,997  

MNDSC

      3,855,666        70,684,688        91,032,270        -            91,032,270        2        91,032,268        91,032,268        -            91,032,268  

MV2RIS

      112,282        1,890,475        2,009,842        -            2,009,842        33        2,009,809        2,009,809        -            2,009,809  

MV3MVS

      485,467        3,930,667        4,126,468        -            4,126,468        6        4,126,462        4,126,462        -            4,126,462  

MVFSC

      19,066,688        330,254,343        380,571,095        -            380,571,095        136        380,570,959        380,449,667        121,292        380,570,959  

MVIGSC

      861,567        12,164,877        13,698,914        -            13,698,914        13        13,698,901        13,698,901        -            13,698,901  

MVIVSC

      9,201,606        219,968,771        317,179,342        -            317,179,342        308        317,179,034        316,939,311        239,723        317,179,034  

MVRBSS

      21,508        296,570        298,105        -            298,105        8        298,097        298,097        -            298,097  

MVUSC

      6,643        196,575        230,453        3        230,456        -            230,456        230,456        -            230,456  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2020

 

Subaccount*,**    Shares      Cost      Investments, at
fair value		      Accounts
Receivable		     

Total

Assets

      Accounts
Payable		      Contract
Owners’
Equity		      Accumulation
Units		      Contracts in
Payout		      Contract
Owners’
Equity		  

MGRFV

      517        5,987        6,312        -            6,312        5        6,307        6,307        -            6,307  

MSEM

      155,819        1,230,820        1,206,039        -            1,206,039        74        1,205,965        1,205,965        -            1,205,965  

MSEMB

      68,262        529,192        523,568        26        523,594        -            523,594        523,594        -            523,594  

MSGI2

      1,526,761        11,564,072        11,756,062        24        11,756,086        -            11,756,086        11,680,553        75,533        11,756,086  

MSVF2

      840,808        9,257,072        9,820,642        18        9,820,660        -            9,820,660        9,812,067        8,593        9,820,660  

MSVFI

      201,321        2,311,172        2,359,483        -            2,359,483        78        2,359,405        2,329,063        30,342        2,359,405  

MSVRE

      839        15,153        14,375        1        14,376        -            14,376        -            14,376        14,376  

MSVREB

      59        978        997        -            997        18        979        -            979        979  

VKVGR2

      32,138        316,591        275,100        -            275,100        6        275,094        275,094        -            275,094  

DTRTFB

      1,047,226        10,761,682        10,660,756        -            10,660,756        29        10,660,727        10,660,727        -            10,660,727  

EIF

      256,472        4,775,115        4,972,986        4        4,972,990        -            4,972,990        4,972,990        -            4,972,990  

EIF2

      19,049,511        318,727,810        365,941,098        -            365,941,098        329        365,940,769        365,770,918        169,851        365,940,769  

GBF

      16,484,124        182,533,874        186,105,762        230        186,105,992        -            186,105,992        185,949,751        156,241        186,105,992  

GBF2

      22,245        253,550        250,475        -            250,475        1        250,474        250,474        -            250,474  

GEM

      564,948        6,808,046        8,451,621        72        8,451,693        -            8,451,693        8,442,330        9,363        8,451,693  

GEM2

      3,732,309        43,744,998        55,088,882        -            55,088,882        128        55,088,754        54,869,952        218,802        55,088,754  

GIG

      1,198,744        12,745,533        13,917,415        4        13,917,419        -            13,917,419        13,883,721        33,698        13,917,419  

GVAAA2

      264,140,443        5,598,844,429        7,049,908,434        38,543        7,049,946,977        -            7,049,946,977        7,049,209,443        737,534        7,049,946,977  

GVABD2

      291,820,290        3,392,199,918        3,685,690,258        30,213        3,685,720,471        -            3,685,720,471        3,685,516,787        203,684        3,685,720,471  

GVAGG2

      10,803,235        327,191,642        434,830,204        -            434,830,204        198        434,830,006        434,739,348        90,658        434,830,006  

GVAGI2

      69,461,272        3,605,846,413        3,919,699,570        48,128        3,919,747,698        -            3,919,747,698        3,919,388,576        359,122        3,919,747,698  

GVAGR2

      8,003,378        682,848,039        966,968,118        -            966,968,118        172        966,967,946        966,546,811        421,135        966,967,946  

GVDMA

      51,767,479        606,551,906        680,742,345        31        680,742,376        -            680,742,376        680,589,652        152,724        680,742,376  

GVDMC

      61,741,868        674,529,058        694,596,011        120        694,596,131        -            694,596,131        694,408,915        187,216        694,596,131  

GVEX1

      34,845        629,240        779,135        -            779,135        4        779,131        779,131        -            779,131  

GVEX2

      51,779,694        867,196,522        1,150,027,010        -            1,150,027,010        256        1,150,026,754        1,149,853,307        173,447        1,150,026,754  

GVIDA

      13,998,067        170,246,294        182,674,780        444        182,675,224        -            182,675,224        182,634,042        41,182        182,675,224  

GVIDC

      63,851,698        639,077,428        672,996,901        -            672,996,901        352        672,996,549        672,943,697        52,852        672,996,549  

GVIDM

      168,974,398        1,902,551,587        2,039,520,989        -            2,039,520,989        1,793        2,039,519,196        2,038,626,438        892,758        2,039,519,196  

GVIX2

      354,506        3,229,495        3,686,858        -            3,686,858        4        3,686,854        3,686,854        -            3,686,854  

GVIX8

      11,076,654        104,216,041        114,532,605        -            114,532,605        178        114,532,427        114,470,863        61,564        114,532,427  

HIBF

      8,515,035        55,016,508        55,773,480        -            55,773,480        78        55,773,402        55,741,170        32,232        55,773,402  

IDPG2

      94,589,294        1,022,765,885        1,133,179,746        172        1,133,179,918        -            1,133,179,918        1,133,179,918        -            1,133,179,918  

IDPGI2

      41,630,126        445,440,646        474,999,735        -            474,999,735        76        474,999,659        474,999,659        -            474,999,659  

MCIF

      13,204,123        298,398,176        302,770,534        -            302,770,534        302        302,770,232        302,651,452        118,780        302,770,232  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2020

 

Subaccount*,**    Shares      Cost      Investments, at
fair value		      Accounts
Receivable		     

Total

Assets

      Accounts
Payable		      Contract
Owners’
Equity		      Accumulation
Units		      Contracts in
Payout		      Contract
Owners’
Equity		  

MCIF2

      35,785        735,925        810,170        -            810,170        -            810,170        810,170        -            810,170  

MSBF

      23,689,859        215,500,367        217,946,700        -            217,946,700        178        217,946,522        217,929,488        17,034        217,946,522  

NAMAA2

      209,881,655        2,233,842,667        2,526,975,130        328        2,526,975,458        -            2,526,975,458        2,526,975,458        -            2,526,975,458  

NAMGI2

      49,595,354        534,918,026        587,208,993        -            587,208,993        11        587,208,982        587,199,971        9,011        587,208,982  

NCPG2

      116,215,093        1,229,126,660        1,310,906,248        -            1,310,906,248        298        1,310,905,950        1,310,905,950        -            1,310,905,950  

NCPGI2

      52,797,012        555,627,838        580,239,166        -            580,239,166        55        580,239,111        580,239,111        -            580,239,111  

NJMMA2

      1,030,771        10,089,435        10,307,711        9        10,307,720        -            10,307,720        10,307,720        -            10,307,720  

NJNDE2

      846,266        10,096,978        11,526,140        -            11,526,140        32        11,526,108        11,526,108        -            11,526,108  

NVAMV1

      2,160,899        33,885,351        32,305,442        44        32,305,486        -            32,305,486        32,282,086        23,400        32,305,486  

NVAMV2

      5,004,340        68,910,495        74,314,453        -            74,314,453        125        74,314,328        74,166,607        147,721        74,314,328  

NVAMVX

      263,267        3,435,472        3,927,947        -            3,927,947        18        3,927,929        3,927,929        -            3,927,929  

NVAMVZ

      10,967,597        138,029,953        161,881,730        -            161,881,730        157        161,881,573        161,881,573        -            161,881,573  

NVBX

      242,815        2,673,727        2,714,671        -            2,714,671        7        2,714,664        2,714,664        -            2,714,664  

NVCBD1

      335,368        3,775,758        3,839,968        12        3,839,980        -            3,839,980        3,839,980        -            3,839,980  

NVCBD2

      9,366,592        102,435,444        106,872,813        -            106,872,813        119        106,872,694        106,635,122        237,572        106,872,694  

NVCCA2

      225,839,331        2,338,022,115        2,393,896,909        -            2,393,896,909        136        2,393,896,773        2,393,718,334        178,439        2,393,896,773  

NVCCN2

      66,097,836        681,227,237        720,466,409        -            720,466,409        106        720,466,303        720,439,570        26,733        720,466,303  

NVCMA2

      33,053,381        321,183,514        314,337,657        -            314,337,657        107        314,337,550        314,337,550        -            314,337,550  

NVCMC2

      63,295,028        681,602,885        700,675,957        95        700,676,052        -            700,676,052        700,538,949        137,103        700,676,052  

NVCMD2

      213,850,340        2,265,486,240        2,318,137,687        -            2,318,137,687        151        2,318,137,536        2,317,991,926        145,610        2,318,137,536  

NVCRA2

      7,769,799        75,514,965        84,146,920        -            84,146,920        99        84,146,821        84,142,232        4,589        84,146,821  

NVCRB2

      180,716,237        1,968,771,307        2,020,407,532        -            2,020,407,532        242        2,020,407,290        2,020,186,357        220,933        2,020,407,290  

NVDBL2

      95,950,931        1,421,921,461        1,554,405,077        -            1,554,405,077        183        1,554,404,894        1,554,393,423        11,471        1,554,404,894  

NVDCA2

      76,846,892        1,233,714,819        1,407,835,067        -            1,407,835,067        145        1,407,834,922        1,407,641,163        193,759        1,407,834,922  

NVFIII

      1,235,310        13,906,205        13,959,004        -            13,959,004        35        13,958,969        13,958,969        -            13,958,969  

NVGEII

      766,637        8,745,674        10,357,260        8        10,357,268        -            10,357,268        10,357,268        -            10,357,268  

NVIE6

      3,743,468        38,281,884        43,049,880        -            43,049,880        81        43,049,799        43,019,167        30,632        43,049,799  

NVLCP2

      6,851,052        79,020,894        83,788,370        -            83,788,370        116        83,788,254        83,780,048        8,206        83,788,254  

NVMGA2

      28,174,553        285,483,802        339,221,612        -            339,221,612        83        339,221,529        339,221,529        -            339,221,529  

NVMIG1

      2,618,222        28,809,414        31,654,306        -            31,654,306        131        31,654,175        31,616,626        37,549        31,654,175  

NVMIG6

      10,812,679        114,132,633        129,860,280        -            129,860,280        42,460        129,817,820        129,813,503        4,317        129,817,820  

NVMIVX

      188,795        1,730,664        2,031,439        -            2,031,439        2        2,031,437        2,022,842        8,595        2,031,437  

NVMIVZ

      5,526,626        50,794,896        59,466,497        -            59,466,497        126        59,466,371        59,459,292        7,079        59,466,371  

NVMLG1

      1,147,535        11,888,665        10,258,964        30        10,258,994        -            10,258,994        10,220,466        38,528        10,258,994  

NVMLG2

      14,990,989        154,750,194        130,571,512        191        130,571,703        -            130,571,703        130,518,305        53,398        130,571,703  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2020

 

Subaccount*,**    Shares      Cost      Investments, at
fair value		      Accounts
Receivable		     

Total

Assets

      Accounts
Payable		      Contract
Owners’
Equity		      Accumulation
Units		      Contracts in
Payout		      Contract
Owners’
Equity		  

NVMM2

      124,758        124,758        124,758        1        124,759        -            124,759        124,759        -            124,759  

NVMMG1

      18,641,195        202,813,257        258,180,547        29        258,180,576        -            258,180,576        257,743,310        437,266        258,180,576  

NVMMG2

      12,641,911        121,271,439        160,805,113        553        160,805,666        -            160,805,666        160,767,539        38,127        160,805,666  

NVMMV1

      70,437        669,936        544,476        -            544,476        -            544,476        544,476        -            544,476  

NVMMV2

      27,203,403        255,376,991        211,914,506        321        211,914,827        -            211,914,827        211,836,954        77,873        211,914,827  

NVNMO1

      6,343,604        62,967,468        77,645,710        -            77,645,710        256        77,645,454        77,486,527        158,927        77,645,454  

NVNMO2

      3,701,422        40,743,679        44,528,103        -            44,528,103        85        44,528,018        44,522,365        5,653        44,528,018  

NVNSR1

      142,311        1,919,642        2,003,742        8        2,003,750        -            2,003,750        2,003,750        -            2,003,750  

NVNSR2

      7,269,583        93,627,388        102,283,027        796        102,283,823        -            102,283,823        102,250,745        33,078        102,283,823  

NVOLG1

      22,587,724        403,143,407        425,552,713        1,197        425,553,910        -            425,553,910        424,894,407        659,503        425,553,910  

NVOLG2

      15,992,935        271,205,710        297,788,445        -            297,788,445        289        297,788,156        297,599,928        188,228        297,788,156  

NVRE1

      5,150,315        36,017,432        37,391,288        -            37,391,288        283        37,391,005        37,235,512        155,493        37,391,005  

NVRE2

      10,562,033        70,244,783        75,729,779        -            75,729,779        11,573        75,718,206        75,696,655        21,551        75,718,206  

NVSIX2

      15,873,141        150,219,454        144,763,046        -            144,763,046        160        144,762,886        144,650,552        112,334        144,762,886  

NVSTB2

      15,414,068        158,722,054        160,152,171        -            160,152,171        150        160,152,021        160,138,621        13,400        160,152,021  

NVTIV3

      17,902,356        195,517,629        192,629,349        395        192,629,744        -            192,629,744        192,611,982        17,762        192,629,744  

SAM

      674,982,266        674,982,266        674,982,266        -            674,982,266        49,659        674,932,607        673,618,552        1,314,055        674,932,607  

SCF

      3,264,139        63,301,671        65,250,134        39        65,250,173        -            65,250,173        65,038,038        212,135        65,250,173  

SCF2

      2,483,769        42,710,392        45,378,459        -            45,378,459        41,595        45,336,864        45,295,758        41,106        45,336,864  

SCGF

      441,043        7,455,551        8,666,495        13        8,666,508        -            8,666,508        8,666,508        -            8,666,508  

SCGF2

      2,911,089        41,478,607        50,245,399        -            50,245,399        123        50,245,276        50,240,174        5,102        50,245,276  

SCVF

      2,501,029        27,640,763        21,934,024        404        21,934,428        -            21,934,428        21,823,005        111,423        21,934,428  

SCVF2

      4,530,566        44,464,885        37,875,530        -            37,875,530        61,145        37,814,385        37,813,407        978        37,814,385  

TRF

      5,560,013        65,602,961        130,827,095        849        130,827,944        -            130,827,944        130,225,742        602,202        130,827,944  

TRF2

      4,673,815        73,264,551        109,460,757        1,041        109,461,798        -            109,461,798        109,423,208        38,590        109,461,798  

AMCG

      451        13,590        17,953        313        18,266        -            18,266        -            18,266        18,266  

AMINS

      7,769        104,159        114,208        5        114,213        -            114,213        114,213        -            114,213  

AMMCGS

      104,368        2,798,537        3,763,505        -            3,763,505        97        3,763,408        3,763,408        -            3,763,408  

AMSRS

      529,672        11,837,931        16,255,627        133        16,255,760        -            16,255,760        16,216,468        39,292        16,255,760  

AMTB

      5,468,598        57,859,390        58,404,630        -            58,404,630        31        58,404,599        58,389,512        15,087        58,404,599  

NOTB4

      697,231        7,899,966        8,101,826        -            8,101,826        48        8,101,778        8,101,778        -            8,101,778  

NOTG4

      388,444        4,476,050        4,591,411        7        4,591,418        -            4,591,418        4,591,418        -            4,591,418  

NOTMG4

      547,252        6,421,423        6,654,584        -            6,654,584        15        6,654,569        6,654,569        -            6,654,569  

PMUBA

      5,722        59,814        60,598        4        60,602        -            60,602        60,602        -            60,602  

PMVAAD

      3,549,090        37,613,190        39,785,294        -            39,785,294        46        39,785,248        39,742,420        42,828        39,785,248  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2020

 

Subaccount*,**    Shares      Cost      Investments, at
fair value		      Accounts
Receivable		     

Total

Assets

      Accounts
Payable		      Contract
Owners’ Equity		      Accumulation
Units		      Contracts in
Payout		      Contract
Owners’ Equity		  

PMVEBD

      980,802        12,632,782        13,181,980        1,514        13,183,494        -            13,183,494        13,179,737        3,757        13,183,494  

PMVFAD

      1,528,953        15,769,039        16,099,874        452        16,100,326        -            16,100,326        16,100,326        -            16,100,326  

PMVFHA

      53,228        582,666        598,287        15        598,302        -            598,302        598,302        -            598,302  

PMVHYD

      39,850        304,819        319,196        22        319,218        -            319,218        319,218        -            319,218  

PMVIV

      162,186        1,743,229        1,785,667        45        1,785,712        -            1,785,712        1,785,712        -            1,785,712  

PMVLAD

      37,157,911        384,607,549        385,699,111        -            385,699,111        44,202        385,654,909        385,632,417        22,492        385,654,909  

PMVRA

      35,919        461,328        499,999        25        500,024        -            500,024        500,024        -            500,024  

PMVRSD

      17,830        113,418        109,298        1        109,299        -            109,299        109,299        -            109,299  

PMVSTA

      6,952,525        71,922,533        72,445,315        796        72,446,111        -            72,446,111        72,446,111        -            72,446,111  

PMVTRD

      33,841,362        371,789,249        392,221,384        12,536        392,233,920        -            392,233,920        392,219,285        14,635        392,233,920  

PVEIB

      413,930        9,795,446        10,559,359        -            10,559,359        10        10,559,349        10,559,349        -            10,559,349  

PVGOB

      503,890        5,684,105        7,331,600        81        7,331,681        -            7,331,681        7,331,681        -            7,331,681  

PVIGIB

      81,755        791,484        836,358        -            836,358        10        836,348        836,348        -            836,348  

PVTIGB

      742,282        10,843,647        12,232,800        -            12,232,800        181        12,232,619        12,143,675        88,944        12,232,619  

HVSIT

      1,323,180        15,770,426        16,632,371        -            16,632,371        97        16,632,274        16,628,460        3,814        16,632,274  

ROCSC

      30,576        257,301        226,565        -            226,565        7        226,558        226,558        -            226,558  

TRHS2

      5,699,899        237,903,156        330,366,136        -            330,366,136        1,010        330,365,126        330,010,263        354,863        330,365,126  

VVGGS

      69,635        824,602        813,331        -            813,331        16        813,315        813,315        -            813,315  

VWBF

      654,320        5,848,445        5,777,642        213        5,777,855        -            5,777,855        5,762,387        15,468        5,777,855  

VWEM

      884,577        11,697,123        14,940,512        206        14,940,718        -            14,940,718        14,922,367        18,351        14,940,718  

VWHA

      477,489        14,148,962        10,733,942        -            10,733,942        34        10,733,908        10,688,952        44,956        10,733,908  

VWHAS

      1,380,971        25,679,277        29,759,929        -            29,759,929        134        29,759,795        29,745,133        14,662        29,759,795  

VRVDRA

      127,151        2,265,306        2,251,837        -            2,251,837        18        2,251,819        2,251,819        -            2,251,819  

SVDF

      1,545        42,128        75,302        60        75,362        -            75,362        -            75,362        75,362  

SVOF

      9,676        237,313        286,692        -            286,692        582        286,110        -            286,110        286,110  

WFVOG2

      482        12,216        19,491        27        19,518        -            19,518        19,518        -            19,518  

WFVSCG

      9,223,399        98,147,834        135,768,429        -            135,768,429        47        135,768,382        135,764,009        4,373        135,768,382  
        

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total (unaudited)

 

    $ 59,291,266,825      $ 863,304      $ 59,292,130,129      $ 380,559      $ 59,291,749,570      $ 59,274,088,038      $ 17,661,532      $ 59,291,749,570  
        

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

*

Represents abbreviation of investment name. For full investment name and related abbreviation, see note 1(b).

**

For all subaccounts not included herein but listed as an investment option in note 1(b), Total Assets and Contract Owners’ Equity at the end of the period are $0. See note 1(b) for all investments available for which no contract owners were invested at December 31, 2020, if applicable.

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    Total
(unaudited)		     ALVBWB     ALVDAA     ALVDAB     ALVGIB     ALVIVB     ALVSVA     ALVSVB  

Reinvested dividends

    $ 622,756,821       6,745       1,006       198,566       47,189       18,026       5,146       707,729  

Mortality and expense risk charges (note 2)

      (789,525,541 )      (1,244 )      (331 )      (244,274 )      (52,812 )      (16,191 )      (2,041 )      (1,348,589 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      (166,768,720 )      5,501       675       (45,708 )      (5,623 )      1,835       3,105       (640,860 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      555,358,571       (1,567 )      31       102,861       141,422       (53,219 )      (53,692 )      (5,375,199 ) 

Change in unrealized gain (loss) on investments

      2,892,786,117       14,494       2,197       299,157       (374,094 )      78,134       58,449       7,341,087  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      3,448,144,688       12,927       2,228       402,018       (232,672 )      24,915       4,757       1,965,888  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      2,411,773,593       9,611       -           -           194,656       -           23,554       4,359,733  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 5,693,149,561       28,039       2,903       356,310       (43,639 )      26,750       31,416       5,684,761  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    ALMCS     AAEIP3     ARLPE3     ACVB     ACVCA     ACVI     ACVIG     ACVIG2  

Reinvested dividends

    $ -           702       15,491       292,237       -           33       243,419       54,570  

Mortality and expense risk charges (note 2)

      (3,958 )      (84 )      (682 )      (335,020 )      (417 )      (97 )      (165,854 )      (43,370 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      (3,958 )      618       14,809       (42,783 )      (417 )      (64 )      77,565       11,200  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      124,986       (292 )      119       754,732       491       129       95,450       46,884  

Change in unrealized gain (loss) on investments

      (4,137 )      (6,872 )      (7,730 )      1,026,097       8,731       1,289       446,782       79,600  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      120,849       (7,164 )      (7,611 )      1,780,829       9,222       1,418       542,232       126,484  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      61,772       -           2,193       884,695       3,684       98       620,921       163,459  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 178,663       (6,546 )      9,391       2,622,741       12,489       1,452       1,240,718       301,143  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    ACVIP1     ACVIP2     ACVMV1     ACVMV2     ACVV2     AFGC     AFGF     AFHY  

Reinvested dividends

    $ 29,167       2,636,048       157,836       2,394,631       13,615       14,790       68,120       42,639  

Mortality and expense risk charges (note 2)

      (7,634 )      (2,970,414 )      (105,783 )      (2,198,898 )      (3,220 )      (9,540 )      (160,173 )      (6,102 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      21,533       (334,366 )      52,053       195,733       10,395       5,250       (92,053 )      36,537  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      8,344       (631,533 )      (163,750 )      (1,335,632 )      (17,138 )      5,312       597,966       (26,092 ) 

Change in unrealized gain (loss) on investments

      128,343       15,530,923       (168,205 )      2,377,797       75,206       29,640       4,535,121       22,444  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      136,687       14,899,390       (331,955 )      1,042,165       58,068       34,952       5,133,087       (3,648 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -           -           -           -           -           16,139       285,408       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 158,220       14,565,024       (279,902 )      1,237,898       68,463       56,341       5,326,442       32,889  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    AMVBC4     AMVCB4     AMVGS4     AMVI4     AMVNW4     AVPAP2     BRVED3     BRVHY3  

Reinvested dividends

    $ 8,908       3,912       623       1,275       -           10,616,488       4,242,209       1,657,962  

Mortality and expense risk charges (note 2)

      (2,613 )      (794 )      (2,980 )      (1,708 )      (25 )      (10,714,363 )      (3,159,697 )      (501,459 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      6,295       3,118       (2,357 )      (433 )      (25 )      (97,875 )      1,082,512       1,156,503  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (13,306 )      2       16,727       30,165       1       6,575,301       2,506,394       405,060  

Change in unrealized gain (loss) on investments

      51,839       4,206       103,534       11,749       921       (7,037,210 )      (5,505,137 )      71,653  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      38,533       4,208       120,261       41,914       922       (461,909 )      (2,998,743 )      476,713  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      3,462       -           30,106       -           -           27,646,549       8,022,225       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 48,290       7,326       148,010       41,481       897       27,086,765       6,105,994       1,633,216  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    BRVTR3     MLVGA3     DCAP     DCAPS     DGI     DSIF     DSIFS     DSRG  

Reinvested dividends

    $ 7,053,788       4,068,802       208,016       477,347       97,940       3,331,213       1,595,755       420,435  

Mortality and expense risk charges (note 2)

      (5,265,219 )      (5,248,674 )      (350,147 )      (1,317,379 )      (169,594 )      (2,824,123 )      (1,785,004 )      (508,406 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      1,788,569       (1,179,872 )      (142,131 )      (840,032 )      (71,654 )      507,090       (189,249 )      (87,971 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      2,240,827       (2,674,484 )      (60,083 )      (2,765,467 )      721,633       14,942,940       9,563,141       1,492,526  

Change in unrealized gain (loss) on investments

      1,051,473       39,833,585       3,349,058       13,851,582       1,084,393       4,589,487       1,463,440       6,196,974  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      3,292,300       37,159,101       3,288,975       11,086,115       1,806,026       19,532,427       11,026,581       7,689,500  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      19,732,303       19,882,654       2,206,248       7,257,727       962,079       13,230,619       7,535,441       456,253  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 24,813,172       55,861,883       5,353,092       17,503,810       2,696,451       33,270,136       18,372,773       8,057,782  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    DVDLS     DVMCSS     DVSCS     CHSMM     CLVHY2     DWVSVS     DWVVLS     ETVFR  

Reinvested dividends

    $ 3,147       152,909       599,952       17,455       423,998       529,831       40,581       1,899,407  

Mortality and expense risk charges (note 2)

      (9,489 )      (460,273 )      (832,774 )      (67,167 )      (116,304 )      (770,004 )      (9,477 )      (887,737 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      (6,342 )      (307,364 )      (232,822 )      (49,712 )      307,694       (240,173 )      31,104       1,011,670  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (17,665 )      (1,360,261 )      (1,340,694 )      -           (177,622 )      (2,289,240 )      (63,348 )      (1,150,357 ) 

Change in unrealized gain (loss) on investments

      148,083       3,983,603       4,360,485       -           101,082       (728,310 )      (113,435 )      (219,735 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      130,418       2,623,342       3,019,791       -           (76,540 )      (3,017,550 )      (176,783 )      (1,370,092 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -           -           3,416,214       -           -           3,020,876       110,827       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 124,076       2,315,978       6,203,183       (49,712 )      231,154       (236,847 )      (34,852 )      (358,422 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    FQB     FQBS     FVU2S     FAMP     FB2     FC2     FEI2     FEIP  

Reinvested dividends

    $ 137,250       399,466       10,726       1,263,235       9,037,028       10,789       4,439,334       4,336,638  

Mortality and expense risk charges (note 2)

      (65,156 )      (230,893 )      (7,509 )      (1,125,326 )      (9,679,453 )      (422,124 )      (4,144,505 )      (3,210,590 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      72,094       168,573       3,217       137,909       (642,425 )      (411,335 )      294,829       1,126,048  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (23,895 )      48,716       539       566,670       13,396,754       551,280       (2,675,167 )      8,579,802  

Change in unrealized gain (loss) on investments

      247,483       689,589       (7,642 )      9,049,351       122,874,645       8,648,044       4,376,038       (9,914,679 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      223,588       738,305       (7,103 )      9,616,021       136,271,399       9,199,324       1,700,871       (1,334,877 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      14,700       46,726       -           1,113,774       9,452,230       91,477       12,727,690       11,340,566  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 310,382       953,604       (3,886 )      10,867,704       145,081,204       8,879,466       14,723,390       11,131,737  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    FEMS2     FF10S     FF10S2     FF20S     FF20S2     FF30S     FF30S2     FG2  

Reinvested dividends

    $ 77,951       63,913       2,940,583       88,103       4,010,965       159,280       712,759       189,470  

Mortality and expense risk charges (note 2)

      (152,385 )      (69,449 )      (3,873,623 )      (103,888 )      (5,692,673 )      (176,951 )      (1,111,455 )      (7,269,355 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      (74,434 )      (5,536 )      (933,040 )      (15,785 )      (1,681,708 )      (17,671 )      (398,696 )      (7,079,885 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (71,482 )      39,952       5,595,015       159,410       7,938,773       264,049       833,188       12,923,529  

Change in unrealized gain (loss) on investments

      2,713,016       316,076       11,286,745       305,179       19,401,813       1,108,798       6,265,560       118,042,821  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      2,641,534       356,028       16,881,760       464,589       27,340,586       1,372,847       7,098,748       130,966,350  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      1,045,404       226,757       11,400,157       486,463       23,282,960       667,285       3,439,449       44,077,475  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 3,612,504       577,249       27,348,877       935,267       48,941,838       2,022,461       10,139,501       167,963,940  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    FGI2     FGP     FHIP     FIGBP2     FIGBS     FMC2     FMCS     FNRS2  

Reinvested dividends

    $ 10,560,199       335,485       1,659,730       18,904,010       323,260       820,474       78,918       1,038,728  

Mortality and expense risk charges (note 2)

      (7,149,052 )      (5,989,561 )      (447,254 )      (12,349,553 )      (200,673 )      (3,212,694 )      (186,596 )      (648,749 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      3,411,147       (5,654,076 )      1,212,476       6,554,457       122,587       (2,392,220 )      (107,678 )      389,979  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      880,094       31,571,724       (816,619 )      2,431,547       155,323       (5,258,998 )      (475,616 )      (16,024,519 ) 

Change in unrealized gain (loss) on investments

      22,995,021       95,922,433       (107,392 )      53,978,591       827,564       45,398,980       2,733,253       (3,474,100 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      23,875,115       127,494,157       (924,011 )      56,410,138       982,887       40,139,982       2,257,637       (19,498,619 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      24,600,061       42,663,530       -           337,730       5,425       -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 51,886,323       164,503,611       288,465       63,302,325       1,110,899       37,747,762       2,149,959       (19,108,640 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    FO2     FOP     FRESS2     FVSS     FVSS2     FTVDM2     FTVFA2     FTVGI2  

Reinvested dividends

    $ 195,293       211,505       153,201       36,893       44,294       349,671       1,284,467       7,472,551  

Mortality and expense risk charges (note 2)

      (1,375,286 )      (638,776 )      (110,662 )      (40,451 )      (60,294 )      (120,207 )      (1,351,364 )      (1,390,036 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      (1,179,993 )      (427,271 )      42,539       (3,558 )      (16,000 )      229,464       (66,897 )      6,082,515  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      1,346,325       2,046,992       (434,576 )      (176,123 )      79,333       505,950       (7,581,609 )      (4,140,984 ) 

Change in unrealized gain (loss) on investments

      11,914,755       4,608,547       (786,567 )      114,317       (51,309 )      133,488       (7,827,403 )      (8,446,562 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      13,261,080       6,655,539       (1,221,143 )      (61,806 )      28,024       639,438       (15,409,012 )      (12,587,546 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      394,022       223,482       346,315       183,590       242,694       219,442       22,886,178       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 12,475,109       6,451,750       (832,289 )      118,226       254,718       1,088,344       7,410,269       (6,505,031 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    FTVIS2     FTVMD2     FTVRD2     FTVSI2     FTVSV2     TIF2     GVGMNS     GVMSAS  

Reinvested dividends

    $ 11,985,751       24,300       389,396       66,621       1,053,771       816,726       27,189       35,542  

Mortality and expense risk charges (note 2)

      (3,349,976 )      (4,989 )      (448,063 )      (6,415 )      (990,956 )      (354,586 )      (157,272 )      (23,931 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      8,635,775       19,311       (58,667 )      60,206       62,815       462,140       (130,083 )      11,611  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (9,642,551 )      (183,482 )      890,222       1,677       (8,019,412 )      (1,726,209 )      (9,595 )      (6,493 ) 

Change in unrealized gain (loss) on investments

      (4,330,879 )      52,548       1,536,152       (8,872 )      8,027,291       745,350       199,596       83,033  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      (13,973,430 )      (130,934 )      2,426,374       (7,195 )      7,879       (980,859 )      190,001       76,540  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      169,774       19,464       1,651,377       -           4,481,966       -           140,736       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ (5,167,881 )      (92,159 )      4,019,084       53,011       4,552,660       (518,719 )      200,654       88,151  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    GVSSCS     RSRF     RVARS     ACEG2     IVBRA1     IVMCC2     OVAG     OVAG2  

Reinvested dividends

    $ -           54       189,047       -           16,306       66,027       4,736       -      

Mortality and expense risk charges (note 2)

      (2,036 )      (24 )      (235,794 )      (74,161 )      (898 )      (230,933 )      (163,344 )      (147,708 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      (2,036 )      30       (46,747 )      (74,161 )      15,408       (164,906 )      (158,608 )      (147,708 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (76,049 )      (34 )      289,738       231,865       (3,006 )      (642,523 )      59,769       566,470  

Change in unrealized gain (loss) on investments

      93,322       316       531,346       1,090,134       (2,822 )      (797,148 )      3,295,764       5,243,073  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      17,273       282       821,084       1,321,999       (5,828 )      (1,439,671 )      3,355,533       5,809,543  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      6,194       -           -           407,683       10,512       2,854,756       987,369       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 21,431       312       774,337       1,655,521       20,092       1,250,179       4,184,294       5,661,835  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    OVB     OVGI     OVGIS     OVGS     OVGSS     OVIG     OVIGS     OVMS  

Reinvested dividends

    $ 525,521       159,786       1,948,228       883,083       516,131       14,118       361,524       488,561  

Mortality and expense risk charges (note 2)

      (220,423 )      (138,736 )      (2,606,051 )      (1,692,849 )      (1,812,595 )      (7,161 )      (888,137 )      (312,795 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      305,098       21,050       (657,823 )      (809,766 )      (1,296,464 )      6,957       (526,613 )      175,766  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      305,879       (296,627 )      (87,790 )      1,562,636       1,035,373       1,877       1,209,804       453,668  

Change in unrealized gain (loss) on investments

      673,017       425,649       4,591,120       25,844,807       24,055,564       265,888       9,690,848       1,752,022  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      978,896       129,022       4,503,330       27,407,443       25,090,937       267,765       10,900,652       2,205,690  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -           1,052,285       16,499,165       4,601,117       4,280,138       20,852       759,632       542,875  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 1,283,994       1,202,357       20,344,672       31,198,794       28,074,611       295,574       11,133,671       2,924,331  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    OVSB     OVSBS     OVSC     OVSCS     WRASP     WRENG     WRHIP     WRMCG  

Reinvested dividends

    $ 87,192       274,677       28,055       342,478       2,709,854       902       4,619,338       -      

Mortality and expense risk charges (note 2)

      (20,066 )      (75,434 )      (59,629 )      (1,463,621 )      (2,342,707 )      (267 )      (1,048,858 )      (2,200,444 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      67,126       199,243       (31,574 )      (1,121,143 )      367,147       635       3,570,480       (2,200,444 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (17,126 )      (213,158 )      (88,357 )      (4,043,072 )      (4,566,119 )      (35,366 )      (1,705,862 )      7,631,430  

Change in unrealized gain (loss) on investments

      (29,481 )      22,433       804,879       22,821,279       17,109,228       5,269       102,078       42,291,200  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      (46,607 )      (190,725 )      716,522       18,778,207       12,543,109       (30,097 )      (1,603,784 )      49,922,630  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -           -           63,548       1,365,685       2,270,084       -           -           9,533,362  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 20,519       8,518       748,496       19,022,749       15,180,340       (29,462 )      1,966,696       57,255,548  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    WRPAP     WRPCP     WRPMAP     WRPMAV     WRPMCP     WRPMCV     WRPMMV     WRPMP  

Reinvested dividends

    $ 144       33,897       629,761       67,074       92,660       23,034       59,565       356,727  

Mortality and expense risk charges (note 2)

      (59 )      (8,201 )      (139,375 )      (20,971 )      (20,222 )      (6,111 )      (22,150 )      (79,500 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      85       25,696       490,386       46,103       72,438       16,923       37,415       277,227  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (13 )      (25,069 )      (3,252,231 )      7,031       (73,491 )      (27,652 )      34,959       (960,526 ) 

Change in unrealized gain (loss) on investments

      205       198,896       2,377,373       (158,979 )      181,502       11,174       (36,460 )      853,926  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      192       173,827       (874,858 )      (151,948 )      108,011       (16,478 )      (1,501 )      (106,600 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      1,245       126,453       4,538,221       474,065       440,615       99,825       328,787       2,123,320  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 1,522       325,976       4,153,749       368,220       621,064       100,270       364,701       2,293,947  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    JPICB2     JPMMV1     JABS     JACAS     JAFBS     JAGTS     JAIGS     JAMGS  

Reinvested dividends

    $ 113,448       132,474       138,571       241,408       1,821,232       6,262       376,656       -      

Mortality and expense risk charges (note 2)

      (111,147 )      (118,302 )      (109,879 )      (2,056,167 )      (1,118,344 )      (3,057,712 )      (459,801 )      (8,826 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      2,301       14,172       28,692       (1,814,759 )      702,888       (3,051,450 )      (83,145 )      (8,826 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      14,009       (386,443 )      427,770       6,413,198       307,619       19,133,585       (1,425,501 )      7,303  

Change in unrealized gain (loss) on investments

      340,235       (583,347 )      564,318       29,872,031       4,742,566       45,789,129       5,767,855       170,784  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      354,244       (969,790 )      992,088       36,285,229       5,050,185       64,922,714       4,342,354       178,087  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -           552,718       139,006       11,065,723       -           18,176,029       -           161,114  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 356,545       (402,900 )      1,159,786       45,536,193       5,753,073       80,047,293       4,259,209       330,375  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    LZREMS     LOVSDC     LOVTRC     MNCPS2     M2IGSS     MNDSC     MV2RIS     MV3MVS  

Reinvested dividends

    $ 975,832       21,473       1,429,032       826       14,014       -           3,609       6,103  

Mortality and expense risk charges (note 2)

      (584,150 )      (3,339 )      (749,595 )      (1,012 )      (96,346 )      (1,029,855 )      (4,282 )      (14,961 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      391,682       18,134       679,437       (186 )      (82,332 )      (1,029,855 )      (673 )      (8,858 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      84,703       4,712       147,808       803       320,172       897,581       596       259,846  

Change in unrealized gain (loss) on investments

      (1,870,838 )      (1,110 )      1,010,463       58,501       334,654       19,781,130       119,367       195,801  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      (1,786,135 )      3,602       1,158,271       59,304       654,826       20,678,711       119,963       455,647  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -           -           1,137,197       2,321       616,125       7,137,846       6,887       25,208  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ (1,394,453 )      21,736       2,974,905       61,439       1,188,619       26,786,702       126,177       471,997  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    MVFSC     MVIGSC     MVIVSC     MVRBSS     MVUSC     MGRFV     MSEM     MSEMB  

Reinvested dividends

    $ 4,695,713       90,291       2,251,768       226       4,880       -           52,694       23,085  

Mortality and expense risk charges (note 2)

      (5,278,990 )      (89,466 )      (4,370,692 )      (173 )      (1,095 )      (25 )      (15,651 )      (4,992 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      (583,277 )      825       (2,118,924 )      53       3,785       (25 )      37,043       18,093  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      15,564,755       61,725       14,611,955       -           1,941       5       11,686       (15,707 ) 

Change in unrealized gain (loss) on investments

      (21,259,502 )      1,390,774       30,766,651       1,535       1,679       429       (1,122 )      13,365  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      (5,694,747 )      1,452,499       45,378,606       1,535       3,620       434       10,564       (2,342 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      15,780,598       95,218       5,890,827       -           5,774       16       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 9,502,574       1,548,542       49,150,509       1,588       13,179       425       47,607       15,751  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    MSGI2     MSVF2     MSVFI     MSVRE     MSVREB     VKVGR2     DTRTFB     EIF  

Reinvested dividends

    $ 164,488       274,293       70,671       385       31       12,139       233,152       80,135  

Mortality and expense risk charges (note 2)

      (184,975 )      (148,840 )      (34,792 )      (202 )      (16 )      (2,755 )      (139,477 )      (20,273 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      (20,487 )      125,453       35,879       183       15       9,384       93,675       59,862  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (227,510 )      321,007       (19,255 )      437       37       (17,918 )      (102,653 )      (39,797 ) 

Change in unrealized gain (loss) on investments

      (427,630 )      21,281       19,638       (4,490 )      (410 )      (50,559 )      (154,308 )      13,091  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      (655,140 )      342,288       383       (4,053 )      (373 )      (68,477 )      (256,961 )      (26,706 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      180,156       110,047       25,834       382       34       5,725       -           198,620  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ (495,471 )      577,788       62,096       (3,488 )      (324 )      (53,368 )      (163,286 )      231,776  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    EIF2     GBF     GBF2     GEM     GEM2     GIG     GVAAA2     GVABD2  

Reinvested dividends

    $ 5,053,485       4,066,912       3,656       139,543       814,201       146,887       96,438,421       71,734,017  

Mortality and expense risk charges (note 2)

      (4,419,377 )      (2,843,112 )      (902 )      (92,345 )      (761,844 )      (157,855 )      (95,744,173 )      (49,869,862 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      634,108       1,223,800       2,754       47,198       52,357       (10,968 )      694,248       21,864,155  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      10,781,073       3,392,985       (2,807 )      97,223       407,354       (128,853 )      222,903,220       45,870,426  

Change in unrealized gain (loss) on investments

      (11,682,135 )      4,232,153       (3,075 )      597,686       4,713,306       865,278       (60,999,522 )      186,908,142  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      (901,062 )      7,625,138       (5,882 )      694,909       5,120,660       736,425       161,903,698       232,778,568  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      14,195,894       -           -           -           -           -           498,633,165       2,315,176  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 13,928,940       8,848,938       (3,128 )      742,107       5,173,017       725,457       661,231,111       256,957,899  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    GVAGG2     GVAGI2     GVAGR2     GVDMA     GVDMC     GVEX1     GVEX2     GVIDA  

Reinvested dividends

    $ 2,394,129       57,589,214       5,223,030       1,360,608       897,164       12,951       16,967,192       336,355  

Mortality and expense risk charges (note 2)

      (5,578,211 )      (50,744,120 )      (11,226,382 )      (9,171,941 )      (9,887,521 )      (3,435 )      (14,567,076 )      (2,374,827 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      (3,184,082 )      6,845,094       (6,003,352 )      (7,811,333 )      (8,990,357 )      9,516       2,400,116       (2,038,472 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      17,116,010       161,179,276       42,948,641       28,809,588       6,106,765       1,327       18,570,506       5,286,855  

Change in unrealized gain (loss) on investments

      58,690,051       (85,963,665 )      210,967,286       2,394,781       28,037,964       149,895       124,776,083       4,195,870  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      75,806,061       75,215,611       253,915,927       31,204,369       34,144,729       151,222       143,346,589       9,482,725  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      24,407,987       355,573,867       68,397,790       38,732,561       19,057,341       13,764       19,767,778       9,913,439  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 97,029,966       437,634,572       316,310,365       62,125,597       44,211,713       174,502       165,514,483       17,357,692  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    GVIDC     GVIDM     GVIX2     GVIX8     HIBF     IDPG2     IDPGI2     MCIF  

Reinvested dividends

    $ 644,948       2,604,824       79,673       2,154,882       2,800,453       1,298,187       568,178       3,025,769  

Mortality and expense risk charges (note 2)

      (9,316,570 )      (28,669,853 )      (16,087 )      (1,468,027 )      (839,976 )      (15,135,585 )      (6,555,899 )      (3,717,239 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      (8,671,622 )      (26,065,029 )      63,586       686,855       1,960,477       (13,837,398 )      (5,987,721 )      (691,470 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (6,927,997 )      37,055,227       (72,071 )      (914,389 )      (1,510,748 )      3,276,761       871,475       (4,695,169 ) 

Change in unrealized gain (loss) on investments

      44,386,581       38,782,222       404,552       4,020,024       1,470,889       42,734,553       13,772,201       25,499,774  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      37,458,584       75,837,449       332,481       3,105,635       (39,859 )      46,011,314       14,643,676       20,804,605  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      6,141,002       107,533,820       94,907       2,895,260       -           19,453,906       5,108,198       12,512,693  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 34,927,964       157,306,240       490,974       6,687,750       1,920,618       51,627,822       13,764,153       32,625,828  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    MCIF2     MSBF     NAMAA2     NAMGI2     NCPG2     NCPGI2     NJMMA2     NJNDE2  

Reinvested dividends

    $ 5,879       7,141,154       26,931,714       6,191,778       9,738,200       3,579,892       15,871       31,422  

Mortality and expense risk charges (note 2)

      (1,519 )      (3,106,665 )      (32,476,655 )      (7,095,675 )      (17,773,869 )      (8,064,969 )      (69,304 )      (63,466 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      4,360       4,034,489       (5,544,941 )      (903,897 )      (8,035,669 )      (4,485,077 )      (53,433 )      (32,044 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      155       (2,395,637 )      8,653,644       9,817,863       (1,848,401 )      (1,094,678 )      (7,374 )      124,398  

Change in unrealized gain (loss) on investments

      74,244       2,666,844       46,610,911       (5,709,033 )      80,996,485       24,853,664       212,085       1,405,050  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      74,399       271,207       55,264,555       4,108,830       79,148,084       23,758,986       204,711       1,529,448  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      2,255       -           86,354,607       31,204,125       -           -           21,619       183,973  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 81,014       4,305,696       136,074,221       34,409,058       71,112,415       19,273,909       172,897       1,681,377  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    NVAMV1     NVAMV2     NVAMVX     NVAMVZ     NVBX     NVCBD1     NVCBD2     NVCCA2  

Reinvested dividends

    $ 493,281       1,266,072       45,274       1,836,423       23,953       100,135       2,532,163       21,631,855  

Mortality and expense risk charges (note 2)

      (407,128 )      (1,863,510 )      (12,622 )      (605,844 )      (4,621 )      (53,324 )      (1,564,688 )      (33,155,871 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      86,153       (597,438 )      32,652       1,230,579       19,332       46,811       967,475       (11,524,016 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (1,765,281 )      (28,950,418 )      17,102       118,030       407       95,546       948,141       (20,057,164 ) 

Change in unrealized gain (loss) on investments

      76,915       13,854,453       492,475       23,851,777       42,441       43,071       2,973,135       155,076,432  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      (1,688,366 )      (15,095,965 )      509,577       23,969,807       42,848       138,617       3,921,276       135,019,268  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      786,033       3,775,650       -           -           -           8,759       240,047       84,639,329  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ (816,180 )      (11,917,753 )      542,229       25,200,386       62,180       194,187       5,128,798       208,134,581  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    NVCCN2     NVCMA2     NVCMC2     NVCMD2     NVCRA2     NVCRB2     NVDBL2     NVDCA2  

Reinvested dividends

    $ 1,690,580       3,094,298       3,808,398       18,366,120       809,750       13,341,502       1,890,774       2,319,619  

Mortality and expense risk charges (note 2)

      (9,947,376 )      (4,458,624 )      (10,040,704 )      (32,752,237 )      (1,164,530 )      (28,050,331 )      (20,939,722 )      (19,022,654 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      (8,256,796 )      (1,364,326 )      (6,232,306 )      (14,386,117 )      (354,780 )      (14,708,829 )      (19,048,948 )      (16,703,035 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (3,875,853 )      (5,555,408 )      140,443       (17,530,865 )      (1,877,521 )      (2,796,104 )      19,140,775       21,600,925  

Change in unrealized gain (loss) on investments

      54,382,166       29,409,290       49,715,895       156,922,202       10,397,546       138,883,765       68,145,996       43,197,394  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      50,506,313       23,853,882       49,856,338       139,391,337       8,520,025       136,087,661       87,286,771       64,798,319  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      1,650,717       6,134,766       4,802,964       61,606,190       -           27,134,792       41,707,586       75,145,207  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 43,900,234       28,624,322       48,426,996       186,611,410       8,165,245       148,513,624       109,945,409       123,240,491  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    NVFIII     NVGEII     NVIE6     NVLCP2     NVMGA2     NVMIG1     NVMIG6     NVMIVX  

Reinvested dividends

    $ 153,340       114,490       373,643       1,844,714       9,412,569       246,763       726,370       -      

Mortality and expense risk charges (note 2)

      (111,337 )      (64,588 )      (604,301 )      (1,019,976 )      (4,274,049 )      (327,884 )      (1,522,211 )      (5,275 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      42,003       49,902       (230,658 )      824,738       5,138,520       (81,121 )      (795,841 )      (5,275 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      89,918       22,058       (372,792 )      52,195       3,702,050       (158,259 )      4,936,050       9,799  

Change in unrealized gain (loss) on investments

      80,092       1,477,291       3,170,560       3,823,759       30,262,684       3,028,392       7,439,506       300,775  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      170,010       1,499,349       2,797,768       3,875,954       33,964,734       2,870,133       12,375,556       310,574  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      23,735       127       -           -           -           7,705,790       30,413,929       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 235,748       1,549,378       2,567,110       4,700,692       39,103,254       10,494,802       41,993,644       305,299  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    NVMIVZ     NVMLG1     NVMLG2     NVMM2     NVMMG1     NVMMG2     NVMMV1     NVMMV2  

Reinvested dividends

    $ -           -           -           -           -           -           10,455       3,947,876  

Mortality and expense risk charges (note 2)

      (164,815 )      (118,313 )      (1,806,921 )      (482 )      (2,559,718 )      (1,989,444 )      (2,343 )      (2,702,892 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      (164,815 )      (118,313 )      (1,806,921 )      (482 )      (2,559,718 )      (1,989,444 )      8,112       1,244,984  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      26,744       (343,568 )      (5,645,050 )      -           3,338,345       (2,870,257 )      (56,266 )      (19,539,277 ) 

Change in unrealized gain (loss) on investments

      8,671,600       (1,586,475 )      (22,770,672 )      -           69,513,875       50,710,093       31,556       13,000,740  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      8,698,344       (1,930,043 )      (28,415,722 )      -           72,852,220       47,839,836       (24,710 )      (6,538,537 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -           4,298,354       59,714,220       -           27,150,124       18,235,243       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 8,533,529       2,249,998       29,491,577       (482 )      97,442,626       64,085,635       (16,598 )      (5,293,553 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    NVNMO1     NVNMO2     NVNSR1     NVNSR2     NVOLG1     NVOLG2     NVRE1     NVRE2  

Reinvested dividends

    $ 293,337       130,625       13,792       700,196       5,129,719       3,008,389       560,028       956,756  

Mortality and expense risk charges (note 2)

      (913,238 )      (601,855 )      (23,012 )      (1,412,843 )      (5,110,643 )      (4,216,572 )      (494,635 )      (1,249,163 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      (619,901 )      (471,230 )      (9,220 )      (712,647 )      19,076       (1,208,183 )      65,393       (292,407 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      1,360,270       677,632       (50,177 )      (2,262,473 )      2,943,052       (6,125,520 )      (899,551 )      (4,869,492 ) 

Change in unrealized gain (loss) on investments

      1,495,311       1,173,866       89,237       7,797,822       20,905,499       24,326,983       (2,653,247 )      (3,464,714 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      2,855,581       1,851,498       39,060       5,535,349       23,848,551       18,201,463       (3,552,798 )      (8,334,206 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      5,726,559       3,770,387       113,260       6,333,970       39,046,437       28,648,461       173,919       360,732  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 7,962,239       5,150,655       143,100       11,156,672       62,914,064       45,641,741       (3,313,486 )      (8,265,881 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    NVSIX2     NVSTB2     NVTIV3     SAM     SCF     SCF2     SCGF     SCGF2  

Reinvested dividends

    $ 1,032,432       2,631,799       2,320,682       1,287,792       10,690       7,928       -           -      

Mortality and expense risk charges (note 2)

      (1,645,651 )      (2,448,678 )      (2,565,671 )      (9,289,483 )      (703,686 )      (541,289 )      (87,778 )      (636,085 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      (613,219 )      183,121       (244,989 )      (8,001,691 )      (692,996 )      (533,361 )      (87,778 )      (636,085 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (10,356,062 )      97,472       (5,878,017 )      -           493,203       (3,540,249 )      (25,114 )      (3,734,176 ) 

Change in unrealized gain (loss) on investments

      28,236,068       1,782,083       16,654,967       -           8,723,690       10,238,949       1,606,843       13,030,364  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      17,880,006       1,879,555       10,776,950       -           9,216,893       6,698,700       1,581,729       9,296,188  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      4,881,037       -           -           -           2,257,009       1,673,776       890,439       5,810,636  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 22,147,824       2,062,676       10,531,961       (8,001,691 )      10,780,906       7,839,115       2,384,390       14,470,739  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    SCVF     SCVF2     TRF     TRF2     AMCG     AMINS     AMMCGS     AMSRS  

Reinvested dividends

    $ 13,887       -           1,388,813       906,162       -           508       -           85,350  

Mortality and expense risk charges (note 2)

      (246,007 )      (461,934 )      (1,617,885 )      (1,537,146 )      (195 )      (1,700 )      (47,475 )      (192,850 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      (232,120 )      (461,934 )      (229,072 )      (630,984 )      (195 )      (1,192 )      (47,475 )      (107,500 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (2,725,354 )      (5,499,684 )      7,468,812       11,638,678       602       281       230,589       921,915  

Change in unrealized gain (loss) on investments

      3,190,050       7,734,569       (5,763,463 )      (10,405,370 )      3,505       6,678       645,314       981,140  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      464,696       2,234,885       1,705,349       1,233,308       4,107       6,959       875,903       1,903,055  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      95,691       164,124       8,921,899       7,573,076       643       5,136       165,824       586,266  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 328,267       1,937,075       10,398,176       8,175,400       4,555       10,903       994,252       2,381,821  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    AMTB     NOTB4     NOTG4     NOTMG4     PMUBA     PMVAAD     PMVEBD     PMVFAD  

Reinvested dividends

    $ 1,380,670       165,696       81,363       122,100       1,533       1,829,624       548,087       776,700  

Mortality and expense risk charges (note 2)

      (864,606 )      (153,596 )      (84,580 )      (116,724 )      (318 )      (617,939 )      (193,657 )      (234,579 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      516,064       12,100       (3,217 )      5,376       1,215       1,211,685       354,430       542,121  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (436,992 )      (114,989 )      (62,227 )      (93,956 )      (34 )      (551,472 )      (83,687 )      (269,513 ) 

Change in unrealized gain (loss) on investments

      834,815       233,121       173,119       231,249       1,178       1,364,870       234,660       964,385  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      397,823       118,132       110,892       137,293       1,144       813,398       150,973       694,872  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -           123,258       -           55,340       -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 913,887       253,490       107,675       198,009       2,359       2,025,083       505,403       1,236,993  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    PMVFHA     PMVHYD     PMVIV     PMVLAD     PMVRA     PMVRSD     PMVSTA     PMVTRD  

Reinvested dividends

    $ 34,769       13,009       25,422       4,180,500       4,344       5,742       779,022       7,548,770  

Mortality and expense risk charges (note 2)

      (2,572 )      (1,233 )      (3,750 )      (5,649,631 )      (1,417 )      (404 )      (997,833 )      (5,685,938 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      32,197       11,776       21,672       (1,469,131 )      2,927       5,338       (218,811 )      1,862,832  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      6,976       517       114       (3,411,418 )      993       (3,719 )      (289,238 )      (612,281 ) 

Change in unrealized gain (loss) on investments

      (8,301 )      4,386       39,231       9,543,778       30,832       1,175       717,820       18,955,727  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      (1,325 )      4,903       39,345       6,132,360       31,825       (2,544 )      428,582       18,343,446  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -           -           1,310       -           -           -           -           3,970,314  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 30,872       16,679       62,327       4,663,229       34,752       2,794       209,771       24,176,592  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    PVEIB     PVGOB     PVIGIB     PVTIGB     HVSIT     ROCSC     TRHS2     VVGGS  

Reinvested dividends

    $ 45,075       1,766       -           290,199       -           2,018       -           5,975  

Mortality and expense risk charges (note 2)

      (58,154 )      (77,339 )      (1,679 )      (215,025 )      (243,599 )      (830 )      (4,433,248 )      (2,137 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      (13,079 )      (75,573 )      (1,679 )      75,174       (243,599 )      1,188       (4,433,248 )      3,838  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (52,039 )      231,208       2,065       (751,407 )      (1,124,226 )      (8,793 )      9,717,089       133,222  

Change in unrealized gain (loss) on investments

      553,944       1,300,481       44,874       779,652       2,241,899       (20,551 )      46,156,054       (48,044 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      501,905       1,531,689       46,939       28,245       1,117,673       (29,344 )      55,873,143       85,178  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      181,488       249,686       -           -           1,147,365       3,672       18,506,482       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 670,314       1,705,802       45,260       103,419       2,021,439       (24,484 )      69,946,377       89,016  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    VWBF     VWEM     VWHA     VWHAS     VYDS     VRVDRA     SVDF     SVOF  

Reinvested dividends

    $ 384,861       272,367       80,079       166,721       1,298       22,774       -           1,147  

Mortality and expense risk charges (note 2)

      (74,467 )      (179,192 )      (118,884 )      (351,569 )      (1,997 )      (23,241 )      (795 )      (3,465 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      310,394       93,175       (38,805 )      (184,848 )      (699 )      (467 )      (795 )      (2,318 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (404,312 )      304,885       (1,057,079 )      (2,482,287 )      23,576       (325,189 )      2,005       15,968  

Change in unrealized gain (loss) on investments

      419,534       1,091,025       2,538,676       6,934,842       (12,110 )      175,530       22,455       16,242  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      15,222       1,395,910       1,481,597       4,452,555       11,466       (149,659 )      24,460       32,210  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -           409,091       -           -           9,744       32,823       4,668       19,832  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 325,616       1,898,176       1,442,792       4,267,707       20,511       (117,303 )      28,333       49,724  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    WFVOG2     WFVSCG     IVKMG2     GVDIVI     GVDIV2     NVMLV1     NVMLV2     NVLM2  

Reinvested dividends

    $ -           -           -           170,117       4,325,934       35,580       899,286       83,974  

Mortality and expense risk charges (note 2)

      (231 )      (1,623,663 )      (66,859 )      (19,440 )      (545,741 )      (23,209 )      (724,310 )      (254,928 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      (231 )      (1,623,663 )      (66,859 )      150,677       3,780,193       12,371       174,976       (170,954 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      78       6,597,645       (4,628,635 )      (1,076,727 )      (21,222,686 )      (1,983,705 )      (54,039,806 )      (433,200 ) 

Change in unrealized gain (loss) on investments

      4,626       40,369,257       (211,614 )      606,641       10,584,849       641,489       17,609,902       (699,184 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      4,704       46,966,902       (4,840,249 )      (470,086 )      (10,637,837 )      (1,342,216 )      (36,429,904 )      (1,132,384 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      1,205       5,832,761       4,067,445       -           -           949,299       27,160,406       1,120,928  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 5,678       51,176,000       (839,663 )      (319,409 )      (6,857,644 )      (380,546 )      (9,094,522 )      (182,410 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    NVLCA2                                            

Reinvested dividends

    $ 41,914                

Mortality and expense risk charges (note 2)

      (212,351 )               
  

 

 

                

Net investment income (loss)

      (170,437 )               
  

 

 

                

Realized gain (loss) on investments

      (519,117 )               

Change in unrealized gain (loss) on investments

      (370,242 )               
  

 

 

                

Net gain (loss) on investments

      (889,359 )               
  

 

 

                

Reinvested capital gains

      218,908                
  

 

 

                

Net increase (decrease) in contract owners’ equity resulting from operations

    $ (840,888 )               
  

 

 

                

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     Total
(unaudited)		     ALVBWB     ALVDAA     ALVDAB  
     2020     2019     2020     2019     2020      2019     2020     2019  

Investment activity:

                  

Net investment income (loss)

    $ (166,768,720 )      287,669,330       5,501       7,561       675        752       (45,708 )      (4,426 ) 

Realized gain (loss) on investments

      555,358,571       624,926,283       (1,567 )      (19,942 )      31        371       102,861       123,805  

Change in unrealized gain (loss) on investments

      2,892,786,117       4,295,026,187       14,494       23,801       2,197        5,982       299,157       1,626,256  

Reinvested capital gains

      2,411,773,593       3,282,821,928       9,611       46,660       -            59       -           16,293  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      5,693,149,561       8,490,443,728       28,039       58,080       2,903        7,164       356,310       1,761,928  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Equity transactions:

                  

Purchase payments received from contract owners (note 4)

      2,993,224,859       3,434,033,211       -           -           -            -           108,764       81,163  

Transfers between funds

      -           -           911       (71,538 )      5,833        805       (10,426 )      (250,118 ) 

Redemptions (notes 2, 3, and 4)

      (4,899,317,672 )      (5,314,983,070 )      (4,373 )      (20,497 )      -            (2,948 )      (999,714 )      (1,166,675 ) 

Adjustments to maintain reserves

      236,004       (233,093 )      6       (15 )      1        (1 )      135       (174 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Net equity transactions

      (1,905,856,809 )      (1,881,182,952 )      (3,456 )      (92,050 )      5,834        (2,144 )      (901,241 )      (1,335,804 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      3,787,292,752       6,609,260,776       24,583       (33,970 )      8,737        5,020       (544,931 )      426,124  

Contract owners’ equity at beginning of period

      55,504,456,818       48,895,196,042       323,129       357,099       53,995        48,975       14,350,826       13,924,702  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 59,291,749,570       55,504,456,818       347,712       323,129       62,732        53,995       13,805,895       14,350,826  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                  

Beginning units

      3,169,143,178       3,251,297,849       19,109       24,863       4,030        4,197       1,110,926       1,218,690  

Units purchased

      575,748,244       545,542,130       68       12       455        96       38,991       28,796  

Units redeemed

      (644,990,049)       (627,696,805)       (279)       (5,766)       -            (263)       (110,523)       (136,560)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Ending units

      3,099,901,373       3,169,143,178       18,898       19,109       4,485        4,030       1,039,394       1,110,926  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     ALVGIB     ALVIVB     ALVSVA     ALVSVB  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ (5,623 )      (20,197 )      1,835       (3,073 )      3,105       1,388       (640,860 )      (1,268,791 ) 

Realized gain (loss) on investments

      141,422       221,641       (53,219 )      (28,167 )      (53,692 )      (41,753 )      (5,375,199 )      (3,789,502 ) 

Change in unrealized gain (loss) on investments

      (374,094 )      165,616       78,134       144,229       58,449       81,145       7,341,087       10,377,766  

Reinvested capital gains

      194,656       466,489       -           -           23,554       83,869       4,359,733       10,839,184  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (43,639)       833,549       26,750       112,989       31,416       124,649       5,684,761       16,158,657  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      71,880       21,988       126,152       403,246       492       73,010       4,449,764       4,249,639  

Transfers between funds

      (474,253 )      (10,862 )      205,479       127,175       (26,026 )      (144,068 )      2,554,146       (1,087,700 ) 

Redemptions (notes 2, 3, and 4)

      (309,216 )      (399,054 )      (18,177 )      (21,362 )      (106,866 )      (155,254 )      (7,147,143 )      (9,041,656 ) 

Adjustments to maintain reserves

      22       (55 )      44       (42 )      18       (25 )      37       109  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (711,567 )      (387,983 )      313,498       509,017       (132,382 )      (226,337 )      (143,196 )      (5,879,608 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (755,206 )      445,566       340,248       622,006       (100,966 )      (101,688 )      5,541,565       10,279,049  

Contract owners’ equity at beginning of period

      4,417,884       3,972,318       1,218,872       596,866       595,041       696,729       98,657,232       88,378,183  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 3,662,678       4,417,884       1,559,120       1,218,872       494,075       595,041       104,198,797       98,657,232  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      127,381       139,338       138,361       78,022       33,267       46,638       2,334,269       2,480,515  

Units purchased

      5,396       3,676       66,404       79,128       136,000       11,562       637,814       451,892  

Units redeemed

      (28,318)       (15,633)       (29,158)       (18,789)       (142,443)       (24,933)       (543,690)       (598,138)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      104,459       127,381       175,607       138,361       26,824       33,267       2,428,393       2,334,269  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     ALMCS     AAEIP3     ARLPE3     ACVB  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ (3,958 )      (3,506 )      618       281       14,809       (360 )      (42,783 )      57,236  

Realized gain (loss) on investments

      124,986       27,121       (292 )      16       119       60       754,732       1,032,579  

Change in unrealized gain (loss) on investments

      (4,137 )      28,498       (6,872 )      3,451       (7,730 )      19,067       1,026,097       2,726,758  

Reinvested capital gains

      61,772       36,993       -           -           2,193       734       884,695       596,471  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      178,663       89,106       (6,546)       3,748       9,391       19,501       2,622,741       4,413,044  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           5,000       -           -           -           636,105       270,246  

Transfers between funds

      34,789       (2,406 )      3,351       996       70,437       -           173,252       (328,394 ) 

Redemptions (notes 2, 3, and 4)

      (17,314 )      (96,820 )      -           (256 )      -           -           (4,220,049 )      (3,177,310 ) 

Adjustments to maintain reserves

      (7 )      7       (5 )      (4 )      3       -           116       80  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      17,468       (99,219 )      8,346       736       70,440       -           (3,410,576 )      (3,235,378 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      196,131       (10,113 )      1,800       4,484       79,831       19,501       (787,835 )      1,177,666  

Contract owners’ equity at beginning of period

      313,636       323,749       22,970       18,486       69,504       50,003       26,583,444       25,405,778  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 509,767       313,636       24,770       22,970       149,335       69,504       25,795,609       26,583,444  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      10,997       14,528       2,758       2,662       5,727       5,727       606,322       685,780  

Units purchased

      10,042       -           1,402       148       5,604       -           38,115       17,935  

Units redeemed

      (10,047)       (3,531)       (172)       (52)       (1)       -           (113,575)       (97,393)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      10,992       10,997       3,988       2,758       11,330       5,727       530,862       606,322  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     ACVCA     ACVI     ACVIG     ACVIG2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ (417 )      (423 )      (64 )      (36 )      77,565       99,005       11,200       15,716  

Realized gain (loss) on investments

      491       439       129       (45 )      95,450       747,998       46,884       104,491  

Change in unrealized gain (loss) on investments

      8,731       3,467       1,289       1,228       446,782       672,896       79,600       254,317  

Reinvested capital gains

      3,684       5,142       98       342       620,921       1,183,287       163,459       296,045  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      12,489       8,625       1,452       1,489       1,240,718       2,703,186       301,143       670,569  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      855       (2,747)       877       850       67,711       131,923       21,661       14,540  

Transfers between funds

      -           (2,669 )      -           -           (272,261 )      (322,475 )      27,301       41,798  

Redemptions (notes 2, 3, and 4)

      (3,945 )      3,231       (1,595 )      (1,383 )      (686,571 )      (1,828,658 )      (425,266 )      (262,307 ) 

Adjustments to maintain reserves

      369       19       102       14       (12 )      (32 )      67       (33 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (2,721 )      (2,166 )      (616 )      (519 )      (891,133 )      (2,019,242 )      (376,237 )      (206,002 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      9,768       6,459       836       970       349,585       683,944       (75,094 )      464,567  

Contract owners’ equity at beginning of period

      33,064       26,605       7,149       6,179       13,515,695       12,831,751       3,573,215       3,108,648  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 42,832       33,064       7,985       7,149       13,865,280       13,515,695       3,498,121       3,573,215  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      -           -           -           -           498,774       578,960       107,378       113,996  

Units purchased

      -           (64 )      -           -           17,726       20,725       6,075       4,298  

Units redeemed

      -           64       -           -           (52,719)       (100,911)       (17,801)       (10,916)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      -           -           -           -           463,781       498,774       95,652       107,378  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     ACVIP1     ACVIP2     ACVMV1     ACVMV2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 21,533       39,101       (334,366 )      1,615,794       52,053       86,999       195,733       516,439  

Realized gain (loss) on investments

      8,344       (1,890 )      (631,533 )      (7,344,659 )      (163,750 )      125,277       (1,335,632 )      1,868,400  

Change in unrealized gain (loss) on investments

      128,343       107,557       15,530,923       20,172,194       (168,205 )      1,219,366       2,377,797       17,862,198  

Reinvested capital gains

      -           -           -           -           -           1,106,312       -           16,631,278  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      158,220       144,768       14,565,024       14,443,329       (279,902)       2,537,954       1,237,898       36,878,315  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      79,610       113,025       7,640,691       4,734,622       232,370       149,699       6,782,379       5,719,305  

Transfers between funds

      (64,293 )      77,307       4,469,975       (10,290,806 )      (580,529 )      (446,786 )      119,440       (9,643,269 ) 

Redemptions (notes 2, 3, and 4)

      (137,005 )      (20,775 )      (18,101,631 )      (22,735,145 )      (929,299 )      (1,183,247 )      (12,668,276 )      (13,820,215 ) 

Adjustments to maintain reserves

      14       (13 )      129       (58 )      19       (43 )      (132 )      190  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (121,674 )      169,544       (5,990,836 )      (28,291,387 )      (1,277,439 )      (1,480,377 )      (5,766,589 )      (17,743,989 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      36,546       314,312       8,574,188       (13,848,058 )      (1,557,341 )      1,057,577       (4,528,691 )      19,134,326  

Contract owners’ equity at beginning of period

      1,882,070       1,567,758       197,266,642       211,114,700       10,830,313       9,772,736       160,958,819       141,824,493  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 1,918,616       1,882,070       205,840,830       197,266,642       9,272,972       10,830,313       156,430,128       160,958,819  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      181,218       164,109       14,004,669       16,102,403       399,967       458,528       5,000,394       5,609,467  

Units purchased

      27,206       28,124       3,873,212       1,623,583       40,101       33,479       967,358       555,288  

Units redeemed

      (39,477)       (11,015)       (4,347,418)       (3,721,317)       (94,006)       (92,040)       (1,102,513)       (1,164,361)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      168,947       181,218       13,530,463       14,004,669       346,062       399,967       4,865,239       5,000,394  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     ACVV2      AFGC     AFGF     AFHY  
     2020     2019      2020     2019     2020     2019     2020     2019  

Investment activity:

                  

Net investment income (loss)

    $ 10,395       -            5,250       5,486       (92,053 )      (32,541 )      36,537       24,794  

Realized gain (loss) on investments

      (17,138 )      -            5,312       5,294       597,966       278,682       (26,092 )      4,086  

Change in unrealized gain (loss) on investments

      75,206       -            29,640       15,891       4,535,121       1,287,502       22,444       20,068  

Reinvested capital gains

      -           -            16,139       -           285,408       1,052,808       -           -      
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      68,463       -            56,341       26,671       5,326,442       2,586,451       32,889       48,948  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                  

Purchase payments received from contract owners (note 4)

      300,295       -            614       490       26,460       9,631       12,777       2,460  

Transfers between funds

      2,700,809       -            102,376       (22,768 )      145,044       (88,161 )      23,707       57,298  

Redemptions (notes 2, 3, and 4)

      (8,511 )      -            (36,916 )      (47,142 )      (900,522 )      (902,662 )      (53,376 )      (13,518 ) 

Adjustments to maintain reserves

      38       -            (122 )      114       572       (271 )      50       (29 ) 
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      2,992,631       -            65,952       (69,306 )      (728,446 )      (981,463 )      (16,842 )      46,211  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      3,061,094       -            122,293       (42,635 )      4,597,996       1,604,988       16,047       95,159  

Contract owners’ equity at beginning of period

      -           -            603,744       646,379       10,867,145       9,262,157       503,529       408,370  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 3,061,094       -            726,037       603,744       15,465,141       10,867,145       519,576       503,529  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                  

Beginning units

      -           -            16,091       17,972       49,615       54,721       7,182       6,474  

Units purchased

      102,099       -            3,683       1,228       836       45       6,132       3,449  

Units redeemed

      (12,322)       -            (1,963)       (3,109)       (3,531)       (5,151)       (6,371)       (2,741)  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      89,777       -            17,811       16,091       46,920       49,615       6,943       7,182  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     AMVBC4     AMVCB4     AMVGS4     AMVI4  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 6,295       7,176       3,118       2,913       (2,357 )      (1,827 )      (433 )      3,536  

Realized gain (loss) on investments

      (13,306 )      (8,346 )      2       19       16,727       233       30,165       (1,229 ) 

Change in unrealized gain (loss) on investments

      51,839       37,753       4,206       17,979       103,534       63,210       11,749       74,566  

Reinvested capital gains

      3,462       36,940       -           -           30,106       10,790       -           13,775  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      48,290       73,523       7,326       20,911       148,010       72,406       41,481       90,648  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      406,458       384,916       22,423       13,810       -           -           3,595       134,536  

Transfers between funds

      21,950       (83,330 )      -           -           (50,069 )      320,909       (220,281 )      (56,374 ) 

Redemptions (notes 2, 3, and 4)

      (118,182 )      (32,690 )      -           (4,271 )      -           -           (6,588 )      -      

Adjustments to maintain reserves

      18       (5 )      (3 )      (7 )      4       (3 )      6       (9 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      310,244       268,891       22,420       9,532       (50,065 )      320,906       (223,268 )      78,153  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      358,534       342,414       29,746       30,443       97,945       393,312       (181,787 )      168,801  

Contract owners’ equity at beginning of period

      549,737       207,323       148,449       118,006       539,073       145,761       525,622       356,821  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 908,271       549,737       178,195       148,449       637,018       539,073       343,835       525,622  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      48,970       22,264       13,318       12,383       47,375       16,712       50,587       41,884  

Units purchased

      61,164       37,771       2,113       1,345       7,132       30,663       4,321       14,396  

Units redeemed

      (34,674)       (11,065)       -           (410)       (10,980)       -           (25,678)       (5,693)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      75,460       48,970       15,431       13,318       43,527       47,375       29,230       50,587  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     AMVNW4      AVPAP2     BRVED3     BRVHY3  
     2020     2019      2020     2019     2020     2019     2020     2019  

Investment activity:

                  

Net investment income (loss)

    $ (25 )      -            (97,875 )      5,784,153       1,082,512       781,577       1,156,503       1,553,903  

Realized gain (loss) on investments

      1       -            6,575,301       7,554,193       2,506,394       3,668,505       405,060       (112,894 ) 

Change in unrealized gain (loss) on investments

      921       -            (7,037,210 )      64,583,504       (5,505,137 )      31,158,239       71,653       2,986,344  

Reinvested capital gains

      -           -            27,646,549       31,194,882       8,022,225       15,581,116       -           -      
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      897       -            27,086,765       109,116,732       6,105,994       51,189,437       1,633,216       4,427,353  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                  

Purchase payments received from contract owners (note 4)

      54,473       -            3,045,433       3,850,569       2,491,422       2,196,798       7,600,033       4,012,858  

Transfers between funds

      -           -            (14,034,343 )      (5,661,280 )      3,225,058       670,756       (18,253,349 )      22,865,181  

Redemptions (notes 2, 3, and 4)

      1       -            (61,491,605 )      (53,769,934 )      (14,092,055 )      (13,040,932 )      (2,734,430 )      (4,252,330 ) 

Adjustments to maintain reserves

      -           -            227       (302 )      372       (404 )      238       51  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      54,474       -            (72,480,288 )      (55,580,947 )      (8,375,203 )      (10,173,782 )      (13,387,508 )      22,625,760  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      55,371       -            (45,393,523 )      53,535,785       (2,269,209 )      41,015,655       (11,754,292 )      27,053,113  

Contract owners’ equity at beginning of period

      -           -            751,824,542       698,288,757       242,435,051       201,419,396       49,966,508       22,913,395  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 55,371       -            706,431,019       751,824,542       240,165,842       242,435,051       38,212,216       49,966,508  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                  

Beginning units

      -           -            48,793,019       52,660,875       16,520,109       17,237,659       4,274,867       2,224,850  

Units purchased

      4,129       -            818,999       712,086       2,371,669       1,851,615       2,079,781       4,751,354  

Units redeemed

      -           -            (5,646,868)       (4,579,942)       (2,875,395)       (2,569,165)       (3,248,883)       (2,701,337)  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      4,129       -            43,965,150       48,793,019       16,016,383       16,520,109       3,105,765       4,274,867  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     BRVTR3     MLVGA3     DCAP     DCAPS  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 1,788,569       3,993,879       (1,179,872 )      (1,297,423 )      (142,131 )      (41,613 )      (840,032 )      (534,615 ) 

Realized gain (loss) on investments

      2,240,827       339,629       (2,674,484 )      (2,037,524 )      (60,083 )      (89,538 )      (2,765,467 )      (2,399,278 ) 

Change in unrealized gain (loss) on investments

      1,051,473       18,085,961       39,833,585       38,288,560       3,349,058       4,699,214       13,851,582       18,278,513  

Reinvested capital gains

      19,732,303       1,220,830       19,882,654       12,719,919       2,206,248       2,863,406       7,257,727       10,390,499  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      24,813,172       23,640,299       55,861,883       47,673,532       5,353,092       7,431,469       17,503,810       25,735,119  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      45,520,896       53,225,836       10,420,363       4,826,980       122,884       227,218       276,951       774,157  

Transfers between funds

      3,841,409       (2,507,430 )      (15,557,943 )      (12,065,769 )      (551,097 )      (591,607 )      (7,954,585 )      (3,417,900 ) 

Redemptions (notes 2, 3, and 4)

      (19,113,736 )      (15,392,639 )      (24,938,205 )      (25,960,964 )      (3,748,153 )      (2,463,890 )      (9,747,558 )      (10,792,495 ) 

Adjustments to maintain reserves

      1,584       (685 )      1,976       324       434       (440 )      (19 )      117  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      30,250,153       35,325,082       (30,073,809 )      (33,199,429 )      (4,175,932 )      (2,828,719 )      (17,425,211 )      (13,436,121 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      55,063,325       58,965,381       25,788,074       14,474,103       1,177,160       4,602,750       78,599       12,298,998  

Contract owners’ equity at beginning of period

      356,599,362       297,633,981       330,339,510       315,865,407       27,411,426       22,808,676       92,175,328       79,876,330  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 411,662,687       356,599,362       356,127,584       330,339,510       28,588,586       27,411,426       92,253,927       92,175,328  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      33,610,292       30,210,417       18,748,962       20,772,328       747,557       835,497       2,761,476       3,195,645  

Units purchased

      9,569,240       8,297,527       982,941       777,100       24,363       13,670       173,526       247,357  

Units redeemed

      (6,928,844)       (4,897,652)       (2,734,595)       (2,800,466)       (133,319)       (101,610)       (659,775)       (681,526)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      36,250,688       33,610,292       16,997,308       18,748,962       638,601       747,557       2,275,227       2,761,476  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     DGI     DSIF     DSIFS     DSRG  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ (71,654 )      (33,475 )      507,090       796,857       (189,249 )      (10,809 )      (87,971 )      52,860  

Realized gain (loss) on investments

      721,633       710,612       14,942,940       10,795,996       9,563,141       10,093,791       1,492,526       1,377,602  

Change in unrealized gain (loss) on investments

      1,084,393       981,180       4,589,487       32,140,364       1,463,440       16,166,722       6,196,974       7,455,471  

Reinvested capital gains

      962,079       1,462,853       13,230,619       11,036,439       7,535,441       6,860,537       456,253       1,178,797  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      2,696,451       3,121,170       33,270,136       54,769,656       18,372,773       33,110,241       8,057,782       10,064,730  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      117,588       143,836       1,943,813       1,821,937       1,192,892       1,073,020       306,011       216,926  

Transfers between funds

      (133,331 )      (343,645 )      (4,738,686 )      (3,921,658 )      (7,753,500 )      (5,030,114 )      (478,496 )      (102,715 ) 

Redemptions (notes 2, 3, and 4)

      (1,541,281 )      (1,245,027 )      (17,003,663 )      (24,429,089 )      (13,396,100 )      (15,523,311 )      (3,298,790 )      (3,669,305 ) 

Adjustments to maintain reserves

      (75 )      21       3,814       (2,467 )      (289 )      320       240       210  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (1,557,099 )      (1,444,815 )      (19,794,722 )      (26,531,277 )      (19,956,997 )      (19,480,085 )      (3,471,035 )      (3,554,884 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      1,139,352       1,676,355       13,475,414       28,238,379       (1,584,224 )      13,630,156       4,586,747       6,509,846  

Contract owners’ equity at beginning of period

      13,553,274       11,876,919       223,875,113       195,636,734       134,098,845       120,468,689       38,792,373       32,282,527  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 14,692,626       13,553,274       237,350,527       223,875,113       132,514,621       134,098,845       43,379,120       38,792,373  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      396,354       442,636       2,915,046       3,296,757       3,569,193       4,135,263       660,931       729,093  

Units purchased

      8,477       6,680       50,198       57,670       227,878       228,217       11,398       9,842  

Units redeemed

      (55,336)       (52,962)       (310,808)       (439,381)       (756,993)       (794,287)       (68,994)       (78,004)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      349,495       396,354       2,654,436       2,915,046       3,040,078       3,569,193       603,335       660,931  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     DVDLS     DVMCSS     DVSCS     CHSMM  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ (6,342 )      (11,400 )      (307,364 )      (377,026 )      (232,822 )      (378,098 )      (49,712 )      51,806  

Realized gain (loss) on investments

      (17,665 )      (20,724 )      (1,360,261 )      (527,313 )      (1,340,694 )      1,870,302       -           -      

Change in unrealized gain (loss) on investments

      148,083       23,735       3,983,603       3,796,899       4,360,485       5,270,214       -           -      

Reinvested capital gains

      -           162,387       -           2,275,580       3,416,214       5,975,171       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      124,076       153,998       2,315,978       5,168,140       6,203,183       12,737,589       (49,712)       51,806  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      1,879       1,374       2,825,615       2,181,922       575,752       727,089       996,388       354,637  

Transfers between funds

      (97,576 )      (66,711 )      (885,733 )      (320,658 )      (1,143,532 )      (731,981 )      708,763       350,926  

Redemptions (notes 2, 3, and 4)

      (28,109 )      (45,985 )      (2,203,321 )      (2,282,372 )      (6,062,832 )      (8,976,734 )      (156,628 )      (452,502 ) 

Adjustments to maintain reserves

      68       (74 )      306       (43 )      497       (511 )      202       131  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (123,738 )      (111,396 )      (263,133 )      (421,151 )      (6,630,115 )      (8,982,137 )      1,548,725       253,192  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      338       42,602       2,052,845       4,746,989       (426,932 )      3,755,452       1,499,013       304,998  

Contract owners’ equity at beginning of period

      840,273       797,671       33,147,670       28,400,681       68,747,841       64,992,389       5,397,812       5,092,814  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 840,611       840,273       35,200,515       33,147,670       68,320,909       68,747,841       6,896,825       5,397,812  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      33,308       37,666       2,526,416       2,557,928       1,588,614       1,815,204       539,381       514,302  

Units purchased

      3,630       1,424       684,702       378,657       199,221       145,078       976,790       328,768  

Units redeemed

      (8,479)       (5,782)       (687,519)       (410,169)       (338,767)       (371,668)       (823,831)       (303,689)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      28,459       33,308       2,523,599       2,526,416       1,449,068       1,588,614       692,340       539,381  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     CLVHY2     DWVSVS     DWVVLS     ETVFR  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 307,694       258,043       (240,173 )      (446,215 )      31,104       24,488       1,011,670       2,007,350  

Realized gain (loss) on investments

      (177,622 )      (32,063 )      (2,289,240 )      779,641       (63,348 )      20,077       (1,150,357 )      58,158  

Change in unrealized gain (loss) on investments

      101,082       462,870       (728,310 )      7,604,064       (113,435 )      231,936       (219,735 )      1,839,155  

Reinvested capital gains

      -           -           3,020,876       4,715,968       110,827       166,089       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      231,154       688,850       (236,847)       12,653,458       (34,852)       442,590       (358,422)       3,904,663  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      2,301,937       1,173,796       4,274,652       5,848,265       26,781       83,215       1,732,191       4,350,576  

Transfers between funds

      (4,749,050 )      7,028,508       (10,695 )      (2,277,936 )      (255,355 )      (119,935 )      (10,147,936 )      (7,616,127 ) 

Redemptions (notes 2, 3, and 4)

      (1,039,245 )      (524,344 )      (3,760,339 )      (4,624,912 )      (88,857 )      (88,082 )      (4,887,139 )      (6,436,803 ) 

Adjustments to maintain reserves

      66       (88 )      685       (460 )      7       24       1,323       8,624  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (3,486,292 )      7,677,872       504,303       (1,055,043 )      (317,424 )      (124,778 )      (13,301,561 )      (9,693,730 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (3,255,138 )      8,366,722       267,456       11,598,415       (352,276 )      317,812       (13,659,983 )      (5,789,067 ) 

Contract owners’ equity at beginning of period

      11,255,887       2,889,165       60,038,318       48,439,903       2,679,199       2,361,387       68,898,595       74,687,662  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 8,000,749       11,255,887       60,305,774       60,038,318       2,326,923       2,679,199       55,238,612       68,898,595  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      1,015,022       299,403       3,517,430       3,576,288       138,474       145,302       6,274,991       7,168,898  

Units purchased

      1,224,421       1,238,925       1,217,294       1,114,377       12,200       8,803       684,584       1,523,616  

Units redeemed

      (1,552,041)       (523,306)       (1,078,091)       (1,173,235)       (30,155)       (15,631)       (1,959,779)       (2,417,523)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      687,402       1,015,022       3,656,633       3,517,430       120,519       138,474       4,999,796       6,274,991  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     FQB     FQBS     FVU2S     FAMP  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 72,094       81,334       168,573       200,088       3,217       2,828       137,909       342,851  

Realized gain (loss) on investments

      (23,895 )      (22,885 )      48,716       (46,863 )      539       57       566,670       181,209  

Change in unrealized gain (loss) on investments

      247,483       317,598       689,589       1,022,190       (7,642 )      87,285       9,049,351       9,212,432  

Reinvested capital gains

      14,700       190       46,726       625       -           -           1,113,774       3,731,035  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      310,382       376,237       953,604       1,176,040       (3,886)       90,170       10,867,704       13,467,527  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      21,036       20,562       61,146       23,521       770       2,494       613,585       571,281  

Transfers between funds

      357,547       (21,742 )      (301,755 )      (285,597 )      (6,133 )      19,873       (1,242,351 )      (696,858 ) 

Redemptions (notes 2, 3, and 4)

      (440,862 )      (546,431 )      (1,023,268 )      (1,387,888 )      (26,003 )      (27,079 )      (6,295,739 )      (10,186,594 ) 

Adjustments to maintain reserves

      37       (52 )      151       (141 )      41       (32 )      968       (619 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (62,242 )      (547,663 )      (1,263,726 )      (1,650,105 )      (31,325 )      (4,744 )      (6,923,537 )      (10,312,790 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      248,140       (171,426 )      (310,122 )      (474,065 )      (35,211 )      85,426       3,944,167       3,154,737  

Contract owners’ equity at beginning of period

      4,775,752       4,947,178       15,764,545       16,238,610       580,982       495,556       87,733,463       84,578,726  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 5,023,892       4,775,752       15,454,423       15,764,545       545,771       580,982       91,677,630       87,733,463  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      278,446       311,338       1,054,260       1,167,224       54,311       54,758       1,652,739       1,862,553  

Units purchased

      33,875       18,867       92,273       47,214       7,822       2,565       17,764       16,072  

Units redeemed

      (38,415)       (51,759)       (172,904)       (160,178)       (10,772)       (3,012)       (148,370)       (225,886)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      273,906       278,446       973,629       1,054,260       51,361       54,311       1,522,133       1,652,739  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     FB2     FC2     FEI2     FEIP  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ (642,425 )      1,558,145       (411,335 )      (25,755 )      294,829       735,428       1,126,048       1,692,492  

Realized gain (loss) on investments

      13,396,754       1,195,420       551,280       6,264       (2,675,167 )      4,361,002       8,579,802       (287,123 ) 

Change in unrealized gain (loss) on investments

      122,874,645       77,730,304       8,648,044       712,851       4,376,038       40,048,524       (9,914,679 )      41,589,850  

Reinvested capital gains

      9,452,230       21,546,765       91,477       -           12,727,690       19,123,335       11,340,566       17,158,685  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      145,081,204       102,030,634       8,879,466       693,360       14,723,390       64,268,289       11,131,737       60,153,904  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      104,365,833       138,155,428       39,289,577       6,486,940       15,633,916       12,034,054       1,899,699       1,881,713  

Transfers between funds

      (22,898,646 )      25,217,414       6,908,433       3,983,586       (4,582,574 )      (7,908,080 )      (4,945,967 )      (4,812,294 ) 

Redemptions (notes 2, 3, and 4)

      (30,161,347 )      (21,606,372 )      (863,592 )      (80,413 )      (25,496,332 )      (29,592,328 )      (19,536,751 )      (27,936,449 ) 

Adjustments to maintain reserves

      644       1,227       (86 )      (51 )      33       (857 )      2,953       (220 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      51,306,484       141,767,697       45,334,332       10,390,062       (14,444,957 )      (25,467,211 )      (22,580,066 )      (30,867,250 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      196,387,688       243,798,331       54,213,798       11,083,422       278,433       38,801,078       (11,448,329 )      29,286,654  

Contract owners’ equity at beginning of period

      641,316,929       397,518,598       11,083,422       -           301,864,078       263,063,000       275,190,117       245,903,463  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 837,704,617       641,316,929       65,297,220       11,083,422       302,142,511       301,864,078       263,741,788       275,190,117  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      46,535,382       35,320,687       271,824       -           9,856,666       10,753,975       3,079,159       3,475,394  

Units purchased

      13,281,483       14,636,901       1,104,643       280,639       1,391,586       1,129,697       37,975       32,202  

Units redeemed

      (9,365,628)       (3,422,206)       (180,144)       (8,815)       (1,837,832)       (2,027,006)       (311,515)       (428,437)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      50,451,237       46,535,382       1,196,323       271,824       9,410,420       9,856,666       2,805,619       3,079,159  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     FEMS2     FF10S     FF10S2     FF20S  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ (74,434 )      (1,908 )      (5,536 )      32,723       (933,040 )      1,139,449       (15,785 )      45,728  

Realized gain (loss) on investments

      (71,482 )      318,771       39,952       20,246       5,595,015       3,214,681       159,410       102,549  

Change in unrealized gain (loss) on investments

      2,713,016       751,782       316,076       400,445       11,286,745       17,556,636       305,179       850,711  

Reinvested capital gains

      1,045,404       -           226,757       201,406       11,400,157       10,164,867       486,463       492,601  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      3,612,504       1,068,645       577,249       654,820       27,348,877       32,075,633       935,267       1,491,589  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      4,836,365       2,103,423       117,652       44,106       10,363,774       12,869,654       94,990       250,743  

Transfers between funds

      10,396,671       2,385,232       532,376       127,427       26,660,689       11,270,056       193,829       146,441  

Redemptions (notes 2, 3, and 4)

      (333,868 )      (302,829 )      (550,557 )      (257,892 )      (30,168,057 )      (24,077,768 )      (1,651,312 )      (2,114,725 ) 

Adjustments to maintain reserves

      53       (109 )      20       (92 )      118       (171 )      52       (64 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      14,899,221       4,185,717       99,491       (86,451 )      6,856,524       61,771       (1,362,441 )      (1,717,605 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      18,511,725       5,254,362       676,740       568,369       34,205,401       32,137,404       (427,174 )      (226,016 ) 

Contract owners’ equity at beginning of period

      7,957,750       2,703,388       5,019,968       4,451,599       261,706,715       229,569,311       8,546,905       8,772,921  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 26,469,475       7,957,750       5,696,708       5,019,968       295,912,116       261,706,715       8,119,731       8,546,905  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      759,030       328,114       286,639       290,998       14,119,750       14,151,513       466,941       567,701  

Units purchased

      1,419,301       1,258,556       60,662       27,445       2,974,698       1,851,400       55,626       39,661  

Units redeemed

      (216,464)       (827,640)       (54,305)       (31,804)       (2,672,151)       (1,883,163)       (131,354)       (140,421)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      1,961,867       759,030       292,996       286,639       14,422,297       14,119,750       391,213       466,941  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     FF20S2     FF30S     FF30S2     FG2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ (1,681,708 )      1,191,560       (17,671 )      80,399       (398,696 )      95,768       (7,079,885 )      (5,924,342 ) 

Realized gain (loss) on investments

      7,938,773       10,103,519       264,049       363,304       833,188       642,056       12,923,529       6,112,922  

Change in unrealized gain (loss) on investments

      19,401,813       33,431,865       1,108,798       1,629,073       6,265,560       9,986,751       118,042,821       81,987,671  

Reinvested capital gains

      23,282,960       22,189,642       667,285       424,168       3,439,449       2,342,284       44,077,475       24,651,354  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      48,941,838       66,916,586       2,022,461       2,496,944       10,139,501       13,066,859       167,963,940       106,827,605  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      3,710,881       4,358,055       608,759       757,846       6,073,449       4,902,139       80,012,857       30,514,729  

Transfers between funds

      (2,874,278 )      (717,213 )      264,893       366,010       (1,012,722 )      520,483       (35,744,238 )      (11,164,255 ) 

Redemptions (notes 2, 3, and 4)

      (35,591,691 )      (46,742,011 )      (912,580 )      (1,303,919 )      (4,657,233 )      (7,184,811 )      (36,471,301 )      (39,725,779 ) 

Adjustments to maintain reserves

      26       (16 )      33       1       300       (336 )      682       (973 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (34,755,062 )      (43,101,185 )      (38,895 )      (180,062 )      403,794       (1,762,525 )      7,798,000       (20,376,278 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      14,186,776       23,815,401       1,983,566       2,316,882       10,543,295       11,304,334       175,761,940       86,451,327  

Contract owners’ equity at beginning of period

      408,157,120       384,341,719       13,652,092       11,335,210       71,180,640       59,876,306       426,854,619       340,403,292  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 422,343,896       408,157,120       15,635,658       13,652,092       81,723,935       71,180,640       602,616,559       426,854,619  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      20,113,617       22,418,899       694,267       707,650       3,255,605       3,356,498       10,118,386       10,652,368  

Units purchased

      785,085       1,022,265       85,970       96,957       411,224       373,317       3,102,838       1,898,725  

Units redeemed

      (2,491,487)       (3,327,547)       (90,047)       (110,340)       (417,462)       (474,210)       (3,080,555)       (2,432,707)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      18,407,215       20,113,617       690,190       694,267       3,249,367       3,255,605       10,140,669       10,118,386  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     FGI2     FGP     FHIP     FIGBP2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 3,411,147       8,272,130       (5,654,076 )      (4,168,574 )      1,212,476       1,394,752       6,554,457       9,392,999  

Realized gain (loss) on investments

      880,094       1,230,094       31,571,724       31,640,192       (816,619 )      (393,199 )      2,431,547       (1,833,859 ) 

Change in unrealized gain (loss) on investments

      22,995,021       58,950,274       95,922,433       56,539,514       (107,392 )      3,765,049       53,978,591       46,333,027  

Reinvested capital gains

      24,600,061       31,114,208       42,663,530       24,159,048       -           -           337,730       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      51,886,323       99,566,706       164,503,611       108,170,180       288,465       4,766,602       63,302,325       53,892,167  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      79,200,094       111,327,713       2,545,670       3,255,207       278,090       555,725       99,115,438       132,763,863  

Transfers between funds

      2,969,829       27,321,875       (5,143,954 )      (5,074,480 )      (743,139 )      (25,113 )      40,553,320       11,953,340  

Redemptions (notes 2, 3, and 4)

      (18,581,583 )      (14,420,418 )      (34,547,196 )      (39,481,277 )      (2,965,155 )      (4,488,734 )      (49,584,847 )      (44,651,860 ) 

Adjustments to maintain reserves

      93       5,141       8,899       490       431       (19 )      (251 )      139  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      63,588,433       124,234,311       (37,136,581 )      (41,300,060 )      (3,429,773 )      (3,958,141 )      90,083,660       100,065,482  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      115,474,756       223,801,017       127,367,030       66,870,120       (3,141,308 )      808,461       153,385,985       153,957,649  

Contract owners’ equity at beginning of period

      526,717,527       302,916,510       413,686,212       346,816,092       37,133,888       36,325,427       815,002,840       661,045,191  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 642,192,283       526,717,527       541,053,242       413,686,212       33,992,580       37,133,888       968,388,825       815,002,840  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      35,508,567       26,122,667       2,727,202       3,027,532       912,609       1,021,563       51,919,394       45,562,385  

Units purchased

      11,581,988       13,586,112       77,622       42,988       100,263       80,640       16,803,606       13,922,740  

Units redeemed

      (6,338,459)       (4,200,212)       (288,521)       (343,318)       (189,585)       (189,594)       (11,619,102)       (7,565,731)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      40,752,096       35,508,567       2,516,303       2,727,202       823,287       912,609       57,103,898       51,919,394  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     FIGBS     FMC2     FMCS     FNRS2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 122,587       185,413       (2,392,220 )      (2,048,750 )      (107,678 )      (88,717 )      389,979       115,141  

Realized gain (loss) on investments

      155,323       16,513       (5,258,998 )      132,747       (475,616 )      16,259       (16,024,519 )      (5,619,277 ) 

Change in unrealized gain (loss) on investments

      827,564       795,511       45,398,980       19,921,547       2,733,253       1,429,815       (3,474,100 )      10,378,292  

Reinvested capital gains

      5,425       -           -           27,098,459       -           1,844,366       -           42,282  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      1,110,899       997,437       37,747,762       45,104,003       2,149,959       3,201,723       (19,108,640)       4,916,438  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      244,010       192,959       1,832,622       2,308,149       285,085       328,352       2,697,530       3,047,920  

Transfers between funds

      2,596,937       2,289,414       (12,420,468 )      2,963,502       (1,076,206 )      (438,821 )      1,443,803       (1,379,579 ) 

Redemptions (notes 2, 3, and 4)

      (2,050,631 )      (1,597,976 )      (20,774,762 )      (25,682,161 )      (1,466,190 )      (1,817,718 )      (4,325,508 )      (7,046,678 ) 

Adjustments to maintain reserves

      (339 )      588       (115 )      (651 )      52       (12 )      368       546  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      789,977       884,985       (31,362,723 )      (20,411,161 )      (2,257,259 )      (1,928,199 )      (183,807 )      (5,377,791 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      1,900,876       1,882,422       6,385,039       24,692,842       (107,300 )      1,273,524       (19,292,447 )      (461,353 ) 

Contract owners’ equity at beginning of period

      14,031,105       12,148,683       235,370,533       210,677,691       16,601,354       15,327,830       61,199,263       61,660,616  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 15,931,981       14,031,105       241,755,572       235,370,533       16,494,054       16,601,354       41,906,816       61,199,263  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      884,903       827,555       5,073,669       5,517,742       763,210       857,905       4,651,695       5,084,672  

Units purchased

      266,597       223,214       707,153       657,473       31,539       23,514       2,771,297       836,577  

Units redeemed

      (219,469)       (165,866)       (1,289,462)       (1,101,546)       (143,616)       (118,209)       (2,595,066)       (1,269,554)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      932,031       884,903       4,491,360       5,073,669       651,133       763,210       4,827,926       4,651,695  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     FO2     FOP     FRESS2     FVSS  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ (1,179,993 )      (53,347 )      (427,271 )      185,981       42,539       10,330       (3,558 )      8,454  

Realized gain (loss) on investments

      1,346,325       527,688       2,046,992       264,456       (434,576 )      613,503       (176,123 )      141,326  

Change in unrealized gain (loss) on investments

      11,914,755       17,367,722       4,608,547       9,153,417       (786,567 )      616,391       114,317       535,939  

Reinvested capital gains

      394,022       3,542,648       223,482       1,802,471       346,315       119,367       183,590       370,679  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      12,475,109       21,384,711       6,451,750       11,406,325       (832,289)       1,359,591       118,226       1,056,398  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      3,695,396       4,979,850       356,602       395,313       2,012,227       2,800,441       30,879       36,299  

Transfers between funds

      (5,448,641 )      (5,116,469 )      (1,153,638 )      (574,556 )      (1,620,875 )      1,034,777       (175,456 )      (106,393 ) 

Redemptions (notes 2, 3, and 4)

      (7,277,874 )      (8,761,465 )      (3,732,191 )      (4,721,758 )      (549,813 )      (729,367 )      (233,242 )      (504,069 ) 

Adjustments to maintain reserves

      307       (1,005 )      4,324       (562 )      120       (111 )      64       (104 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (9,030,812 )      (8,899,089 )      (4,524,903 )      (4,901,563 )      (158,341 )      3,105,740       (377,755 )      (574,267 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      3,444,297       12,485,622       1,926,847       6,504,762       (990,630 )      4,465,331       (259,529 )      482,131  

Contract owners’ equity at beginning of period

      97,608,720       85,123,098       52,253,815       45,749,053       9,190,357       4,725,026       3,882,954       3,400,823  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 101,053,017       97,608,720       54,180,662       52,253,815       8,199,727       9,190,357       3,623,425       3,882,954  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      3,623,703       3,960,462       1,360,073       1,502,540       666,837       412,769       130,997       152,249  

Units purchased

      411,609       512,929       23,533       23,245       296,197       864,013       11,356       17,775  

Units redeemed

      (731,295)       (849,688)       (148,873)       (165,712)       (318,659)       (609,945)       (27,727)       (39,027)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      3,304,017       3,623,703       1,234,733       1,360,073       644,375       666,837       114,626       130,997  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     FVSS2     FTVDM2     FTVFA2     FTVGI2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ (16,000 )      67       229,464       (40,416 )      (66,897 )      1,596,086       6,082,515       5,750,920  

Realized gain (loss) on investments

      79,333       289,174       505,950       131,287       (7,581,609 )      (1,099,522 )      (4,140,984 )      (1,876,271 ) 

Change in unrealized gain (loss) on investments

      (51,309 )      621,534       133,488       1,958,989       (7,827,403 )      7,814,328       (8,446,562 )      (3,306,061 ) 

Reinvested capital gains

      242,694       488,669       219,442       -           22,886,178       5,567,784       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      254,718       1,399,444       1,088,344       2,049,860       7,410,269       13,878,676       (6,505,031)       568,588  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      55,612       96,782       76,314       81,300       3,082,153       3,133,185       1,970,134       1,864,745  

Transfers between funds

      (31,179 )      (65,388 )      (969,992 )      (292,128 )      (5,132,409 )      (1,514,091 )      (4,573,274 )      (3,481,159 ) 

Redemptions (notes 2, 3, and 4)

      (442,903 )      (920,819 )      (710,236 )      (816,812 )      (6,913,986 )      (8,166,311 )      (8,373,534 )      (9,259,359 ) 

Adjustments to maintain reserves

      (250 )      (42 )      151       (195 )      51       164       832       (50 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (418,720 )      (889,467 )      (1,603,763 )      (1,027,835 )      (8,964,191 )      (6,547,053 )      (10,975,842 )      (10,875,823 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (164,002 )      509,977       (515,419 )      1,022,025       (1,553,922 )      7,331,623       (17,480,873 )      (10,307,235 ) 

Contract owners’ equity at beginning of period

      5,213,386       4,703,409       9,772,585       8,750,560       86,937,569       79,605,946       99,297,262       109,604,497  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 5,049,384       5,213,386       9,257,166       9,772,585       85,383,647       86,937,569       81,816,389       99,297,262  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      126,904       151,463       795,837       889,456       5,922,543       6,404,078       10,542,396       11,681,077  

Units purchased

      7,592       7,398       48,613       84,418       635,283       414,497       985,446       830,317  

Units redeemed

      (19,130)       (31,957)       (192,023)       (178,037)       (1,267,716)       (896,032)       (2,229,270)       (1,968,998)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      115,366       126,904       652,427       795,837       5,290,110       5,922,543       9,298,572       10,542,396  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     FTVIS2     FTVMD2     FTVRD2     FTVSI2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 8,635,775       8,797,574       19,311       15,067       (58,667 )      (73,670 )      60,206       69,125  

Realized gain (loss) on investments

      (9,642,551 )      418,114       (183,482 )      (35,391 )      890,222       1,876,192       1,677       (743 ) 

Change in unrealized gain (loss) on investments

      (4,330,879 )      17,919,804       52,548       160,573       1,536,152       1,028,864       (8,872 )      28,316  

Reinvested capital gains

      169,774       3,796,198       19,464       130,381       1,651,377       5,242,003       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (5,167,881)       30,931,690       (92,159)       270,630       4,019,084       8,073,389       53,011       96,698  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      6,797,487       7,134,017       27,673       131,769       663,579       142,778       12,424       -      

Transfers between funds

      (12,854,951 )      (8,371,904 )      (208,344 )      (45,630 )      (1,480,031 )      (1,265,188 )      119,120       263,985  

Redemptions (notes 2, 3, and 4)

      (17,871,532 )      (20,732,607 )      (248,850 )      (58,088 )      (5,406,750 )      (3,756,813 )      (9,105 )      (26,401 ) 

Adjustments to maintain reserves

      294       21       (12 )      4       (16 )      53       12       (11 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (23,928,702 )      (21,970,473 )      (429,533 )      28,055       (6,223,218 )      (4,879,170 )      122,451       237,573  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (29,096,583 )      8,961,217       (521,692 )      298,685       (2,204,134 )      3,194,219       175,462       334,271  

Contract owners’ equity at beginning of period

      234,370,094       225,408,877       1,423,693       1,125,008       34,367,446       31,173,227       1,518,227       1,183,956  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 205,273,511       234,370,094       902,001       1,423,693       32,163,312       34,367,446       1,693,689       1,518,227  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      13,162,556       14,462,828       92,937       90,901       884,745       1,023,109       133,696       112,176  

Units purchased

      2,790,097       1,209,923       16,202       14,839       30,248       18,544       25,982       24,140  

Units redeemed

      (4,359,145)       (2,510,195)       (47,229)       (12,803)       (189,998)       (156,908)       (15,068)       (2,620)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      11,593,508       13,162,556       61,910       92,937       724,995       884,745       144,610       133,696  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     FTVSV2     TIF2     GVGMNS     GVMSAS  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 62,815       (331,083 )      462,140       65,863       (130,083 )      (19,536 )      11,611       28,628  

Realized gain (loss) on investments

      (8,019,412 )      (6,881,550 )      (1,726,209 )      (1,312,523 )      (9,595 )      114,046       (6,493 )      99  

Change in unrealized gain (loss) on investments

      8,027,291       11,151,631       745,350       3,849,551       199,596       498,807       83,033       18,113  

Reinvested capital gains

      4,481,966       12,970,972       -           288,506       140,736       437,634       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      4,552,660       16,909,970       (518,719)       2,891,397       200,654       1,030,951       88,151       46,840  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      360,534       439,586       201,465       120,907       86,449       101,290       392,502       339,886  

Transfers between funds

      1,334,463       (1,351,421 )      923,747       742,839       (509,709 )      (1,579,720 )      31,405       834,670  

Redemptions (notes 2, 3, and 4)

      (7,957,814 )      (8,868,280 )      (2,504,789 )      (3,085,813 )      (358,359 )      (812,029 )      (177,577 )      (27,188 ) 

Adjustments to maintain reserves

      (7 )      (28 )      373       (324 )      94       (158 )      41       (22 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (6,262,824 )      (9,780,143 )      (1,379,204 )      (2,222,391 )      (781,525 )      (2,290,617 )      246,371       1,147,346  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (1,710,164 )      7,129,827       (1,897,923 )      669,006       (580,871 )      (1,259,666 )      334,522       1,194,186  

Contract owners’ equity at beginning of period

      78,834,487       71,704,660       28,327,657       27,658,651       10,483,665       11,743,331       1,625,373       431,187  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 77,124,323       78,834,487       26,429,734       28,327,657       9,902,794       10,483,665       1,959,895       1,625,373  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      1,819,674       2,065,774       1,265,143       1,368,003       818,810       1,013,151       161,311       45,915  

Units purchased

      319,406       167,079       154,535       96,404       40,394       42,841       52,919       118,159  

Units redeemed

      (420,714)       (413,179)       (207,064)       (199,264)       (103,846)       (237,182)       (29,356)       (2,763)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      1,718,366       1,819,674       1,212,614       1,265,143       755,358       818,810       184,874       161,311  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     GVSSCS     RSRF     RVARS     ACEG2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ (2,036 )      (1,784 )      30       11       (46,747 )      99,875       (74,161 )      (67,260 ) 

Realized gain (loss) on investments

      (76,049 )      (81,869 )      (34 )      (43 )      289,738       86,467       231,865       163,904  

Change in unrealized gain (loss) on investments

      93,322       225,568       316       342       531,346       284,904       1,090,134       563,225  

Reinvested capital gains

      6,194       11,266       -           -           -           -           407,683       683,909  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      21,431       153,181       312       310       774,337       471,246       1,655,521       1,343,778  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      28,251       39,328       -           -           78,463       86,385       99,060       14,648  

Transfers between funds

      (68,308 )      (204,957 )      377       657       35,743       (245,460 )      265,090       (90,376 ) 

Redemptions (notes 2, 3, and 4)

      (12,930 )      (169,368 )      -           -           (1,025,216 )      (1,066,594 )      (531,783 )      (556,007 ) 

Adjustments to maintain reserves

      41       5       (2 )      2       306       (224 )      224       (121 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (52,946 )      (334,992 )      375       659       (910,704 )      (1,225,893 )      (167,409 )      (631,856 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (31,515 )      (181,811 )      687       969       (136,367 )      (754,647 )      1,488,112       711,922  

Contract owners’ equity at beginning of period

      543,956       725,767       6,202       5,233       13,888,315       14,642,962       4,737,817       4,025,895  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 512,441       543,956       6,889       6,202       13,751,948       13,888,315       6,225,929       4,737,817  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      27,823       45,953       637       565       1,412,374       1,539,831       202,090       231,155  

Units purchased

      5,076       5,594       51       90       498,636       97,764       72,151       26,065  

Units redeemed

      (8,590)       (23,724)       (11)       (18)       (586,378)       (225,221)       (84,770)       (55,130)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      24,309       27,823       677       637       1,324,632       1,412,374       189,471       202,090  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     IVBRA1     IVMCC2     OVAG     OVAG2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 15,408       (918 )      (164,906 )      (210,144 )      (158,608 )      (145,240 )      (147,708 )      -      

Realized gain (loss) on investments

      (3,006 )      (6,584 )      (642,523 )      (527,815 )      59,769       245,559       566,470       -      

Change in unrealized gain (loss) on investments

      (2,822 )      34,988       (797,148 )      2,095,074       3,295,764       1,844,169       5,243,073       -      

Reinvested capital gains

      10,512       -           2,854,756       1,579,235       987,369       1,343,579       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      20,092       27,486       1,250,179       2,936,350       4,184,294       3,288,067       5,661,835       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      51,717       -           183,517       23,338       218,062       152,929       7,337       -      

Transfers between funds

      69       731       (1,014 )      (2,887 )      (638,773 )      710,234       12,644,905       -      

Redemptions (notes 2, 3, and 4)

      (9,927 )      (24,268 )      (1,150,421 )      (755,604 )      (1,114,089 )      (1,018,964 )      (925,059 )      -      

Adjustments to maintain reserves

      1       3       267       (308 )      45       (93 )      (193,218 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      41,860       (23,534 )      (967,651 )      (735,461 )      (1,534,755 )      (155,894 )      11,533,965       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      61,952       3,952       282,528       2,200,889       2,649,539       3,132,173       17,195,800       -      

Contract owners’ equity at beginning of period

      201,364       197,412       15,003,231       12,802,342       12,110,594       8,978,421       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 263,316       201,364       15,285,759       15,003,231       14,760,133       12,110,594       17,195,800       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      15,517       17,442       923,919       968,161       815,351       831,417       -           -      

Units purchased

      3,755       58       124,849       72,379       68,245       138,718       1,454,361       -      

Units redeemed

      (792)       (1,983)       (169,968)       (116,621)       (168,080)       (154,784)       (280,335)       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      18,480       15,517       878,800       923,919       715,516       815,351       1,174,026       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     OVB     OVGI     OVGIS     OVGS  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 305,098       324,766       21,050       (22,365 )      (657,823 )      (1,322,494 )      (809,766 )      (542,373 ) 

Realized gain (loss) on investments

      305,879       145,032       (296,627 )      25,910       (87,790 )      13,057,985       1,562,636       9,260,073  

Change in unrealized gain (loss) on investments

      673,017       780,631       425,649       1,103,086       4,591,120       5,536,661       25,844,807       5,981,307  

Reinvested capital gains

      -           -           1,052,285       1,822,125       16,499,165       29,929,637       4,601,117       18,480,518  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      1,283,994       1,250,429       1,202,357       2,928,756       20,344,672       47,201,789       31,198,794       33,179,525  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      280,717       175,951       316,883       352,819       4,283,744       4,259,912       973,946       1,013,852  

Transfers between funds

      2,374,467       (173,694 )      (451,853 )      65,773       (14,548,227 )      (3,146,731 )      (3,772,389 )      (3,242,625 ) 

Redemptions (notes 2, 3, and 4)

      (1,859,226 )      (2,131,409 )      (973,629 )      (1,605,426 )      (17,295,787 )      (21,175,795 )      (10,866,285 )      (13,885,861 ) 

Adjustments to maintain reserves

      78       (8 )      32       (105 )      1,214       (255 )      (77 )      32  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      796,036       (2,129,160 )      (1,108,567 )      (1,186,939 )      (27,559,056 )      (20,062,869 )      (13,664,805 )      (16,114,602 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      2,080,030       (878,731 )      93,790       1,741,817       (7,214,384 )      27,138,920       17,533,989       17,064,923  

Contract owners’ equity at beginning of period

      15,402,935       16,281,666       11,737,375       9,995,558       188,963,813       161,824,893       133,230,682       116,165,759  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 17,482,965       15,402,935       11,831,165       11,737,375       181,749,429       188,963,813       150,764,671       133,230,682  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      696,890       792,366       512,894       569,239       5,494,477       6,094,730       1,606,006       1,827,157  

Units purchased

      142,422       27,494       49,247       41,011       449,138       730,785       26,972       25,866  

Units redeemed

      (125,504)       (122,970)       (102,390)       (97,356)       (1,226,977)       (1,331,038)       (188,658)       (247,017)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      713,808       696,890       459,751       512,894       4,716,638       5,494,477       1,444,320       1,606,006  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     OVGSS     OVIG     OVIGS     OVMS  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ (1,296,464 )      (1,063,723 )      6,957       9,063       (526,613 )      (474,865 )      175,766       213,609  

Realized gain (loss) on investments

      1,035,373       (635,655 )      1,877       3,933       1,209,804       323,135       453,668       (88,918 ) 

Change in unrealized gain (loss) on investments

      24,055,564       13,483,731       265,888       282,821       9,690,848       10,222,603       1,752,022       2,977,265  

Reinvested capital gains

      4,280,138       18,439,810       20,852       78,188       759,632       2,694,175       542,875       374,032  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      28,074,611       30,224,163       295,574       374,005       11,133,671       12,765,048       2,924,331       3,475,988  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      4,994,833       4,812,964       28,316       101,417       5,223,899       4,448,564       102,242       259,440  

Transfers between funds

      (11,153,015 )      (3,479,061 )      (144,693 )      (17,173 )      (6,590,724 )      104,629       701,869       (238,619 ) 

Redemptions (notes 2, 3, and 4)

      (11,199,118 )      (10,604,024 )      (161,553 )      (44,667 )      (3,035,104 )      (3,214,678 )      (1,886,640 )      (3,132,199 ) 

Adjustments to maintain reserves

      559       (16 )      16       3       321       (360 )      (33 )      148  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (17,356,741 )      (9,270,137 )      (277,914 )      39,580       (4,401,608 )      1,338,155       (1,082,562 )      (3,111,230 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      10,717,870       20,954,026       17,660       413,585       6,732,063       14,103,203       1,841,769       364,758  

Contract owners’ equity at beginning of period

      126,494,146       105,540,120       1,722,366       1,308,781       61,577,746       47,474,543       23,247,612       22,882,854  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 137,212,016       126,494,146       1,740,026       1,722,366       68,309,809       61,577,746       25,089,381       23,247,612  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      2,963,169       3,193,358       124,703       121,300       5,652,376       5,495,598       618,103       706,855  

Units purchased

      175,409       489,662       9,729       16,324       871,867       1,094,375       37,474       8,556  

Units redeemed

      (581,537)       (719,851)       (30,194)       (12,921)       (1,265,647)       (937,597)       (67,970)       (97,308)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      2,557,041       2,963,169       104,238       124,703       5,258,596       5,652,376       587,607       618,103  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     OVSB     OVSBS     OVSC     OVSCS  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 67,126       38,091       199,243       118,248       (31,574 )      (61,329 )      (1,121,143 )      (1,517,736 ) 

Realized gain (loss) on investments

      (17,126 )      (7,696 )      (213,158 )      (121,219 )      (88,357 )      (244,991 )      (4,043,072 )      (1,306,249 ) 

Change in unrealized gain (loss) on investments

      (29,481 )      107,139       22,433       544,338       804,879       954,808       22,821,279       14,523,402  

Reinvested capital gains

      -           -           -           -           63,548       531,307       1,365,685       9,136,201  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      20,519       137,534       8,518       541,367       748,496       1,179,795       19,022,749       20,835,618  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      43,814       95,229       9,209       41,922       82,041       170,919       4,706,038       4,228,781  

Transfers between funds

      (122,065 )      216,963       (646,561 )      (43,837 )      (86,328 )      (407,718 )      (4,740,638 )      1,041,515  

Redemptions (notes 2, 3, and 4)

      (82,805 )      (178,075 )      (649,612 )      (930,178 )      (392,046 )      (1,267,711 )      (7,464,958 )      (9,030,954 ) 

Adjustments to maintain reserves

      39       (32 )      166       (173 )      59       (31 )      (38,614 )      36  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (161,017 )      134,085       (1,286,798 )      (932,266 )      (396,274 )      (1,504,541 )      (7,538,172 )      (3,760,622 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (140,498 )      271,619       (1,278,280 )      (390,899 )      352,222       (324,746 )      11,484,577       17,074,996  

Contract owners’ equity at beginning of period

      1,696,709       1,425,090       5,970,544       6,361,443       5,101,238       5,425,984       102,535,833       85,460,837  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 1,556,211       1,696,709       4,692,264       5,970,544       5,453,460       5,101,238       114,020,410       102,535,833  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      152,056       139,910       550,096       639,787       221,936       294,895       2,265,629       2,344,905  

Units purchased

      9,950       31,913       24,336       30,231       48,201       16,690       536,662       298,240  

Units redeemed

      (25,377)       (19,767)       (147,883)       (119,922)       (69,647)       (89,649)       (661,685)       (377,516)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      136,629       152,056       426,549       550,096       200,490       221,936       2,140,606       2,265,629  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     WRASP     WRENG     WRHIP     WRMCG  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 367,147       545,123       635       (24 )      3,570,480       3,908,145       (2,200,444 )      (1,784,952 ) 

Realized gain (loss) on investments

      (4,566,119 )      (9,101,876 )      (35,366 )      (489 )      (1,705,862 )      270,893       7,631,430       4,210,081  

Change in unrealized gain (loss) on investments

      17,109,228       29,568,535       5,269       237       102,078       2,905,154       42,291,200       12,048,222  

Reinvested capital gains

      2,270,084       5,896,850       -           -           -           -           9,533,362       17,779,311  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      15,180,340       26,908,632       (29,462)       (276)       1,966,696       7,084,192       57,255,548       32,252,662  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      1,349,260       1,843,172       -           7,405       768,664       981,568       26,864,373       12,040,686  

Transfers between funds

      (7,546,461 )      (7,931,893 )      72,534       1,391       (5,945,460 )      (6,679,649 )      (5,835,398 )      3,740,928  

Redemptions (notes 2, 3, and 4)

      (14,649,051 )      (12,631,736 )      (271 )      (999 )      (5,831,060 )      (7,467,747 )      (10,095,898 )      (8,600,270 ) 

Adjustments to maintain reserves

      287       371       (4 )      (3 )      448       (516 )      (138 )      64  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (20,845,965 )      (18,720,086 )      72,259       7,794       (11,007,408 )      (13,166,344 )      10,932,939       7,181,408  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (5,665,625 )      8,188,546       42,797       7,518       (9,040,712 )      (6,082,152 )      68,188,487       39,434,070  

Contract owners’ equity at beginning of period

      151,810,415       143,621,869       9,861       2,343       73,073,611       79,155,763       128,785,824       89,351,754  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 146,144,790       151,810,415       52,658       9,861       64,032,899       73,073,611       196,974,311       128,785,824  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      8,769,928       9,932,830       1,519       372       5,342,452       6,336,517       5,847,898       5,510,204  

Units purchased

      256,130       234,010       25,512       1,301       313,401       538,582       2,317,035       2,383,800  

Units redeemed

      (1,490,630)       (1,396,912)       (14,079)       (154)       (1,167,696)       (1,532,647)       (2,079,687)       (2,046,106)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      7,535,428       8,769,928       12,952       1,519       4,488,157       5,342,452       6,085,246       5,847,898  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     WRPAP     WRPCP     WRPMAP     WRPMAV  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 85       533       25,696       21,589       490,386       1,051,536       46,103       136,298  

Realized gain (loss) on investments

      (13 )      (809 )      (25,069 )      6,255       (3,252,231 )      (1,314,170 )      7,031       (43,052 ) 

Change in unrealized gain (loss) on investments

      205       1,648       198,896       77,498       2,377,373       4,530,873       (158,979 )      620,476  

Reinvested capital gains

      1,245       1,981       126,453       66,515       4,538,221       4,189,120       474,065       507,353  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      1,522       3,353       325,976       171,857       4,153,749       8,457,359       368,220       1,221,075  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           -           -           1,075,363       715,612       150       151,800  

Transfers between funds

      101       (13,372 )      1,875,608       1,301,233       (1,769,106 )      (1,136,978 )      910       (3,167 ) 

Redemptions (notes 2, 3, and 4)

      -           -           (541,764 )      (1,649,787 )      (9,793,058 )      (8,881,496 )      (1,152,628 )      (3,428,075 ) 

Adjustments to maintain reserves

      (1 )      (9 )      (28 )      3       23       4       (5 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      100       (13,381 )      1,333,816       (348,551 )      (10,486,778 )      (9,302,858 )      (1,151,573 )      (3,279,442 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      1,622       (10,028 )      1,659,792       (176,694 )      (6,333,029 )      (845,499 )      (783,353 )      (2,058,367 ) 

Contract owners’ equity at beginning of period

      9,996       20,024       1,109,891       1,286,585       42,643,759       43,489,258       5,519,034       7,577,401  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 11,618       9,996       2,769,683       1,109,891       36,310,730       42,643,759       4,735,681       5,519,034  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      567       1,382       64,536       85,500       1,964,771       2,422,804       376,811       614,350  

Units purchased

      6       8       110,688       79,101       81,894       36,363       1,239       11,310  

Units redeemed

      -           (823)       (31,709)       (100,065)       (587,545)       (494,396)       (81,847)       (248,849)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      573       567       143,515       64,536       1,459,120       1,964,771       296,203       376,811  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     WRPMCP     WRPMCV     WRPMMV     WRPMP  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 72,438       96,857       16,923       21,636       37,415       71,271       277,227       516,479  

Realized gain (loss) on investments

      (73,491 )      (47,956 )      (27,652 )      382       34,959       31,444       (960,526 )      (582,073 ) 

Change in unrealized gain (loss) on investments

      181,502       378,811       11,174       130,238       (36,460 )      456,762       853,926       2,146,174  

Reinvested capital gains

      440,615       324,288       99,825       76,704       328,787       240,599       2,123,320       1,885,863  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      621,064       752,000       100,270       228,960       364,701       800,076       2,293,947       3,966,443  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           21,300       10,000       -           -           111,910       14,600       74,760  

Transfers between funds

      (162 )      78       (121,727 )      6,188       (93,506 )      (90,775 )      (164,771 )      (157,784 ) 

Redemptions (notes 2, 3, and 4)

      (428,664 )      (328,605 )      (453,984 )      (71,757 )      (512,043 )      (976,595 )      (4,080,394 )      (5,033,405 ) 

Adjustments to maintain reserves

      (23 )      (13 )      2       (15 )      5       (7 )      (56,962 )      (23 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (428,849 )      (307,240 )      (565,709 )      (65,584 )      (605,544 )      (955,467 )      (4,287,527 )      (5,116,452 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      192,215       444,760       (465,439 )      163,376       (240,843 )      (155,391 )      (1,993,580 )      (1,150,009 ) 

Contract owners’ equity at beginning of period

      5,153,543       4,708,783       1,782,768       1,619,392       5,004,356       5,159,747       21,895,578       23,045,587  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 5,345,758       5,153,543       1,317,329       1,782,768       4,763,513       5,004,356       19,901,998       21,895,578  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      275,259       292,690       132,892       138,108       355,682       427,741       1,090,124       1,360,385  

Units purchased

      13       1,239       1,034       504       251       8,211       3,408       11,191  

Units redeemed

      (22,727)       (18,670)       (43,908)       (5,720)       (43,742)       (80,270)       (220,820)       (281,452)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      252,545       275,259       90,018       132,892       312,191       355,682       872,712       1,090,124  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     JPICB2     JPMMV1     JABS     JACAS  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 2,301       (1,339 )      14,172       34,399       28,692       44,938       (1,814,759 )      (1,936,068 ) 

Realized gain (loss) on investments

      14,009       2       (386,443 )      118,786       427,770       645,292       6,413,198       1,789,884  

Change in unrealized gain (loss) on investments

      340,235       (2,261 )      (583,347 )      1,561,087       564,318       926,686       29,872,031       28,255,755  

Reinvested capital gains

      -           -           552,718       762,979       139,006       277,055       11,065,723       11,323,419  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      356,545       (3,598)       (402,900)       2,477,251       1,159,786       1,893,971       45,536,193       39,432,990  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      13,944,823       1,291,910       129,599       158,614       25,727       82,433       608,677       1,252,423  

Transfers between funds

      2,291,413       25,410       (916,834 )      (446,346 )      44,340       (45,485 )      (12,786,627 )      (5,520,557 ) 

Redemptions (notes 2, 3, and 4)

      (270,029 )      (839 )      (786,593 )      (1,407,157 )      (913,440 )      (1,711,649 )      (14,139,920 )      (13,883,996 ) 

Adjustments to maintain reserves

      16       5       95       (40 )      112       (50 )      402       (119 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      15,966,223       1,316,486       (1,573,733 )      (1,694,929 )      (843,261 )      (1,674,751 )      (26,317,468 )      (18,152,249 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      16,322,768       1,312,888       (1,976,633 )      782,322       316,525       219,220       19,218,725       21,280,741  

Contract owners’ equity at beginning of period

      1,312,888       -           11,261,759       10,479,437       9,799,803       9,580,583       138,668,223       117,387,482  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 17,635,656       1,312,888       9,285,126       11,261,759       10,116,328       9,799,803       157,886,948       138,668,223  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      131,850       -           332,614       387,327       313,524       395,535       3,296,707       3,720,030  

Units purchased

      1,622,252       131,934       9,347       15,773       14,533       21,451       270,847       347,517  

Units redeemed

      (86,338)       (84)       (64,999)       (70,486)       (54,357)       (103,462)       (817,341)       (770,840)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      1,667,764       131,850       276,962       332,614       273,700       313,524       2,750,213       3,296,707  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     JAFBS     JAGTS     JAIGS     JAMGS  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 702,888       875,472       (3,051,450 )      (1,736,316 )      (83,145 )      125,703       (8,826 )      (8,366 ) 

Realized gain (loss) on investments

      307,619       (189,654 )      19,133,585       9,718,366       (1,425,501 )      (1,752,298 )      7,303       119,527  

Change in unrealized gain (loss) on investments

      4,742,566       3,935,450       45,789,129       33,319,039       5,767,855       9,455,308       170,784       359,970  

Reinvested capital gains

      -           -           18,176,029       9,940,454       -           -           161,114       130,202  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      5,753,073       4,621,268       80,047,293       51,241,543       4,259,209       7,828,713       330,375       601,333  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      10,896,970       6,332,029       26,624,992       11,924,218       462,362       859,879       303,132       169,763  

Transfers between funds

      11,066,732       (3,047,781 )      (11,804,159 )      1,670,886       (1,949,031 )      (1,238,914 )      (298,124 )      (436,341 ) 

Redemptions (notes 2, 3, and 4)

      (4,722,091 )      (4,899,163 )      (14,457,308 )      (12,563,380 )      (3,442,422 )      (4,154,154 )      (89,364 )      (82,461 ) 

Adjustments to maintain reserves

      261       (258 )      472       (350 )      451       (584 )      3       (21 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      17,241,872       (1,615,173 )      363,997       1,031,374       (4,928,640 )      (4,533,773 )      (84,353 )      (349,060 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      22,994,945       3,006,095       80,411,290       52,272,917       (669,431 )      3,294,940       246,022       252,273  

Contract owners’ equity at beginning of period

      67,174,628       64,168,533       175,262,457       122,989,540       36,754,437       33,459,497       2,053,042       1,800,769  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 90,169,573       67,174,628       255,673,747       175,262,457       36,085,006       36,754,437       2,299,064       2,053,042  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      6,400,630       6,585,369       6,662,451       6,599,469       1,702,037       1,925,759       77,654       91,628  

Units purchased

      3,338,426       1,366,207       3,240,228       1,905,843       82,825       93,569       32,960       14,709  

Units redeemed

      (1,836,644)       (1,550,946)       (3,210,487)       (1,842,861)       (314,262)       (317,291)       (36,926)       (28,683)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      7,902,412       6,400,630       6,692,192       6,662,451       1,470,600       1,702,037       73,688       77,654  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     LZREMS     LOVSDC     LOVTRC     MNCPS2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 391,682       (307,059 )      18,134       1,865       679,437       686,598       (186 )      396  

Realized gain (loss) on investments

      84,703       1,013,804       4,712       3       147,808       (145,115 )      803       (50 ) 

Change in unrealized gain (loss) on investments

      (1,870,838 )      5,913,644       (1,110 )      236       1,010,463       2,429,740       58,501       3,665  

Reinvested capital gains

      -           -           -           -           1,137,197       -           2,321       7,170  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (1,394,453)       6,620,389       21,736       2,104       2,974,905       2,971,223       61,439       11,181  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      2,971,719       3,218,402       307,447       223,978       9,580,549       10,002,199       8,322       -      

Transfers between funds

      (1,027,999 )      (4,392,514 )      213,974       (188 )      3,126,297       1,946,235       114,381       40,526  

Redemptions (notes 2, 3, and 4)

      (1,871,228 )      (2,786,834 )      (4,937 )      -           (4,106,616 )      (2,526,557 )      (5,395 )      (8,149 ) 

Adjustments to maintain reserves

      175       (54 )      (16 )      3       190       (206 )      -           (5 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      72,667       (3,961,000 )      516,468       223,793       8,600,420       9,421,671       117,308       32,372  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (1,321,786 )      2,659,389       538,204       225,897       11,575,325       12,392,894       178,747       43,553  

Contract owners’ equity at beginning of period

      45,265,948       42,606,559       259,230       33,333       51,206,073       38,813,179       85,441       41,888  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 43,944,162       45,265,948       797,434       259,230       62,781,398       51,206,073       264,188       85,441  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      4,475,407       4,904,233       24,509       3,299       4,806,220       3,894,839       7,458       4,444  

Units purchased

      788,400       610,791       78,384       21,228       1,856,957       1,853,655       10,459       4,895  

Units redeemed

      (808,645)       (1,039,617)       (28,394)       (18)       (1,104,912)       (942,274)       (685)       (1,881)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      4,455,162       4,475,407       74,499       24,509       5,558,265       4,806,220       17,232       7,458  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     M2IGSS     MNDSC     MV2RIS      MV3MVS  
     2020     2019     2020     2019     2020     2019      2020     2019  

Investment activity:

                  

Net investment income (loss)

    $ (82,332 )      (73,657 )      (1,029,855 )      (807,203 )      (673 )      -            (8,858 )      -      

Realized gain (loss) on investments

      320,172       178,383       897,581       1,536,946       596       -            259,846       -      

Change in unrealized gain (loss) on investments

      334,654       1,364,961       19,781,130       5,024,982       119,367       -            195,801       -      

Reinvested capital gains

      616,125       504,007       7,137,846       10,070,543       6,887       -            25,208       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      1,188,619       1,973,694       26,786,702       15,825,268       126,177       -            471,997       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Equity transactions:

                  

Purchase payments received from contract owners (note 4)

      21,364       35,807       14,625,885       6,666,931       968,838       -            2,896,727       -      

Transfers between funds

      (646,084 )      198,072       (13,517,883 )      10,310,133       918,063       -            784,452       -      

Redemptions (notes 2, 3, and 4)

      (605,590 )      (804,224 )      (3,952,706 )      (3,174,303 )      (3,236 )      -            (26,708 )      -      

Adjustments to maintain reserves

      40       (102 )      558       (590 )      (33 )      -            (6 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Net equity transactions

      (1,230,270 )      (570,447 )      (2,844,146 )      13,802,171       1,883,632       -            3,654,465       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Net change in contract owners’ equity

      (41,651 )      1,403,247       23,942,556       29,627,439       2,009,809       -            4,126,462       -      

Contract owners’ equity at beginning of period

      6,823,648       5,420,401       67,089,712       37,462,273       -           -            -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 6,781,997       6,823,648       91,032,268       67,089,712       2,009,809       -            4,126,462       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

CHANGE IN UNITS:

                  

Beginning units

      391,705       427,471       3,012,031       2,337,791       -           -            -           -      

Units purchased

      13,958       45,130       1,104,863       1,377,116       151,488       -            503,584       -      

Units redeemed

      (81,988)       (80,896)       (1,281,789)       (702,876)       (429)       -            (199,797)       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Ending units

      323,675       391,705       2,835,105       3,012,031       151,059       -            303,787       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     MVFSC     MVIGSC     MVIVSC     MVRBSS  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ (583,277 )      1,237,163       825       (2,307 )      (2,118,924 )      (218,124 )      53       -      

Realized gain (loss) on investments

      15,564,755       22,306,709       61,725       (71,288 )      14,611,955       11,947,954       -           -      

Change in unrealized gain (loss) on investments

      (21,259,502 )      48,996,359       1,390,774       143,263       30,766,651       39,939,427       1,535       -      

Reinvested capital gains

      15,780,598       16,506,174       95,218       73,166       5,890,827       8,743,532       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      9,502,574       89,046,405       1,548,542       142,834       49,150,509       60,412,789       1,588       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      12,212,208       12,745,448       8,956,336       1,099,271       16,002,955       14,537,403       296,420       -      

Transfers between funds

      4,069,424       (18,162,451 )      1,075,889       1,027,150       (26,572,505 )      (8,476,016 )      97       -      

Redemptions (notes 2, 3, and 4)

      (29,302,356 )      (39,061,512 )      (143,224 )      (7,883 )      (22,926,798 )      (23,623,162 )      -           -      

Adjustments to maintain reserves

      (39 )      (22 )      (4 )      (10 )      872       (112 )      (8 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (13,020,763 )      (44,478,537 )      9,888,997       2,118,528       (33,495,476 )      (17,561,887 )      296,509       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (3,518,189 )      44,567,868       11,437,539       2,261,362       15,655,033       42,850,902       298,097       -      

Contract owners’ equity at beginning of period

      384,089,148       339,521,280       2,261,362       -           301,524,001       258,673,099       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 380,570,959       384,089,148       13,698,901       2,261,362       317,179,034       301,524,001       298,097       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      10,092,360       11,370,541       208,542       -           13,810,529       14,677,349       -           -      

Units purchased

      1,482,951       950,608       1,106,997       210,688       1,421,536       1,689,587       28,447       -      

Units redeemed

      (1,738,129)       (2,228,789)       (207,223)       (2,146)       (2,990,825)       (2,556,407)       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      9,837,182       10,092,360       1,108,316       208,542       12,241,240       13,810,529       28,447       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     MVUSC     MGRFV     MSEM     MSEMB  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 3,785       6,463       (25 )      50       37,043       53,510       18,093       24,528  

Realized gain (loss) on investments

      1,941       (584 )      5       16       11,686       16,430       (15,707 )      (5,503 ) 

Change in unrealized gain (loss) on investments

      1,679       35,777       429       (104 )      (1,122 )      90,421       13,365       50,369  

Reinvested capital gains

      5,774       597       16       293       -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      13,179       42,253       425       255       47,607       160,361       15,751       69,394  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      114       21,497       -           7,405       -           -           1       -      

Transfers between funds

      3,925       (3,371 )      -           -           (15,452 )      (7,023 )      (8,661 )      (17,327 ) 

Redemptions (notes 2, 3, and 4)

      (5,150 )      (15,726 )      (684 )      (1,090 )      (135,391 )      (150,100 )      (59,002 )      (22,162 ) 

Adjustments to maintain reserves

      19       (4 )      (6 )      2       80       (171 )      64       (13 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (1,092 )      2,396       (690 )      6,317       (150,763 )      (157,294 )      (67,598 )      (39,502 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      12,087       44,649       (265 )      6,572       (103,156 )      3,067       (51,847 )      29,892  

Contract owners’ equity at beginning of period

      218,369       173,720       6,572       -           1,309,121       1,306,054       575,441       545,549  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 230,456       218,369       6,307       6,572       1,205,965       1,309,121       523,594       575,441  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      13,924       13,773       575       -           42,170       47,440       33,426       36,142  

Units purchased

      1,614       2,243       -           673       -           -           490       707  

Units redeemed

      (1,555)       (2,092)       (59)       (98)       (4,837)       (5,270)       (5,058)       (3,423)  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      13,983       13,924       516       575       37,333       42,170       28,858       33,426  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     MSGI2     MSVF2     MSVFI     MSVRE  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ (20,487 )      120,184       125,453       236,703       35,879       80,456       183       78  

Realized gain (loss) on investments

      (227,510 )      33,076       321,007       101,484       (19,255 )      145,967       437       1,073  

Change in unrealized gain (loss) on investments

      (427,630 )      2,064,805       21,281       505,217       19,638       37,185       (4,490 )      1,093  

Reinvested capital gains

      180,156       569,931       110,047       -           25,834       -           382       698  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (495,471)       2,787,996       577,788       843,404       62,096       263,608       (3,488)       2,942  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      768,705       683,130       81,060       46,328       4,059       5,787       646       1,166  

Transfers between funds

      (944,976 )      (407,403 )      136,722       1,065,040       615,010       1,179,426       5       (110 ) 

Redemptions (notes 2, 3, and 4)

      (778,454 )      (1,009,266 )      (1,523,069 )      (807,800 )      (1,058,974 )      (1,344,722 )      (2,053 )      (2,539 ) 

Adjustments to maintain reserves

      298       (186 )      142       (104 )      194       4       62       10  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (954,427 )      (733,725 )      (1,305,145 )      303,464       (439,711 )      (159,505 )      (1,340 )      (1,473 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (1,449,898 )      2,054,271       (727,357 )      1,146,868       (377,615 )      104,103       (4,828 )      1,469  

Contract owners’ equity at beginning of period

      13,205,984       11,151,713       10,548,017       9,401,149       2,737,020       2,632,917       19,204       17,735  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 11,756,086       13,205,984       9,820,660       10,548,017       2,359,405       2,737,020       14,376       19,204  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      1,125,057       1,195,515       714,861       694,470       181,090       190,500       -           -      

Units purchased

      144,952       254,809       211,783       139,530       114,907       199,658       -           -      

Units redeemed

      (245,680)       (325,267)       (300,195)       (119,139)       (149,577)       (209,068)       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      1,024,329       1,125,057       626,449       714,861       146,420       181,090       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     MSVREB     VKVGR2     DTRTFB     EIF  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 15       6       9,384       5,819       93,675       163,109       59,862       55,536  

Realized gain (loss) on investments

      37       154       (17,918 )      1,397       (102,653 )      26,958       (39,797 )      (30,301 ) 

Change in unrealized gain (loss) on investments

      (410 )      82       (50,559 )      32,086       (154,308 )      103,335       13,091       720,030  

Reinvested capital gains

      34       76       5,725       18,368       -           -           198,620       146,201  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (324)       318       (53,368)       57,670       (163,286)       293,402       231,776       891,466  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           2,505       -           2,597,713       1,487,721       250,341       784,144  

Transfers between funds

      -           -           (13,960 )      (17,885 )      241,357       3,869,032       332,783       67,828  

Redemptions (notes 2, 3, and 4)

      (405 )      (529 )      (1,774 )      (56,234 )      (754,134 )      (216,231 )      (228,486 )      (557,835 ) 

Adjustments to maintain reserves

      (38 )      3       9       (15 )      30       (47 )      8       (16 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (443 )      (526 )      (13,220 )      (74,134 )      2,084,966       5,140,475       354,646       294,121  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (767 )      (208 )      (66,588 )      (16,464 )      1,921,680       5,433,877       586,422       1,185,587  

Contract owners’ equity at beginning of period

      1,746       1,954       341,682       358,146       8,739,047       3,305,170       4,386,568       3,200,981  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 979       1,746       275,094       341,682       10,660,727       8,739,047       4,972,990       4,386,568  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      -           -           28,285       34,671       825,933       327,763       224,130       207,195  

Units purchased

      -           -           3,740       1,656       1,987,858       573,492       47,624       55,456  

Units redeemed

      -           -           (4,948 )      (8,042 )      (1,828,829 )      (75,322 )      (25,348 )      (38,521 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      -           -           27,077       28,285       984,962       825,933       246,406       224,130  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    EIF2     GBF     GBF2     GEM  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ 634,108       803,645       1,223,800       1,352,093       2,754       -           47,198       91,008  

Realized gain (loss) on investments

     10,781,073       6,796,829       3,392,985       (1,752,774 )      (2,807 )      -           97,223       131,937  

Change in unrealized gain (loss) on investments

     (11,682,135 )      43,237,510       4,232,153       8,743,038       (3,075 )      -           597,686       1,338,309  

Reinvested capital gains

     14,195,894       11,573,711       -           -           -           -           -           -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     13,928,940       62,411,695       8,848,938       8,342,357       (3,128)       -           742,107       1,561,254  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     41,422,281       54,818,300       9,807,506       7,994,738       492,182       -           178,169       293,943  

Transfers between funds

     1,741,064       2,609,524       18,325,476       (19,158,184 )      (238,578 )      -           (384,145 )      (155,597 ) 

Redemptions (notes 2, 3, and 4)

     (18,568,656 )      (19,018,448 )      (22,433,912 )      (20,792,907 )      -           -           (892,278 )      (846,039 ) 

Adjustments to maintain reserves

     (137 )      90       1,144       121       (2 )      -           95       (686 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     24,594,552       38,409,466       5,700,214       (31,956,232 )      253,602       -           (1,098,159 )      (708,379 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     38,523,492       100,821,161       14,549,152       (23,613,875 )      250,474       -           (356,052 )      852,875  

Contract owners’ equity at beginning of period

     327,417,277       226,596,116       171,556,840       195,170,715       -           -           8,807,745       7,954,870  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 365,940,769       327,417,277       186,105,992       171,556,840       250,474       -           8,451,693       8,807,745  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     9,239,208       8,038,252       9,956,482       12,354,850       -           -           374,687       400,658  

Units purchased

     2,427,955       2,429,342       6,163,383       3,451,796       53,215       -           33,835       66,444  

Units redeemed

     (1,569,275 )      (1,228,386 )      (5,895,877 )      (5,850,164 )      (28,163 )      -           (88,434 )      (92,415 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     10,097,888       9,239,208       10,223,988       9,956,482       25,052       -           320,088       374,687  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    GEM2     GIG     GVAAA2     GVABD2  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ 52,357       305,314       (10,968 )      175,445       694,248       8,846,720       21,864,155       14,904,337  

Realized gain (loss) on investments

     407,354       288,774       (128,853 )      (40,710 )      222,903,220       239,173,773       45,870,426       16,390,010  

Change in unrealized gain (loss) on investments

     4,713,306       9,173,147       865,278       1,593,391       (60,999,522 )      430,187,040       186,908,142       185,482,176  

Reinvested capital gains

     -           -           -           645,702       498,633,165       436,261,026       2,315,176       10,825,818  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     5,173,017       9,767,235       725,457       2,373,828       661,231,111       1,114,468,559       256,957,899       227,602,341  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     1,952,262       2,029,528       76,445       241,568       275,348,778       379,191,548       229,094,975       427,959,519  

Transfers between funds

     (2,830,540 )      (1,217,513 )      (110,236 )      (751,559 )      (87,392,129 )      (8,284,771 )      79,920,426       (73,636,390 ) 

Redemptions (notes 2, 3, and 4)

     (4,155,256 )      (4,605,580 )      (1,060,415 )      (2,067,816 )      (565,670,155 )      (706,011,519 )      (242,389,312 )      (251,774,918 ) 

Adjustments to maintain reserves

     531       (477 )      (94 )      273       39,221       1,919       31,323       61  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     (5,033,003 )      (3,794,042 )      (1,094,300 )      (2,577,534 )      (377,674,285 )      (335,102,823 )      66,657,412       102,548,272  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     140,014       5,973,193       (368,843 )      (203,706 )      283,556,826       779,365,736       323,615,311       330,150,613  

Contract owners’ equity at beginning of period

     54,948,740       48,975,547       14,286,262       14,489,968       6,766,390,151       5,987,024,415       3,362,105,160       3,031,954,547  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 55,088,754       54,948,740       13,917,419       14,286,262       7,049,946,977       6,766,390,151       3,685,720,471       3,362,105,160  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     1,580,746       1,701,880       887,888       1,056,569       344,268,967       363,160,318       271,821,075       264,067,144  

Units purchased

     200,414       208,285       28,969       25,345       26,595,330       33,062,711       60,262,047       50,899,640  

Units redeemed

     (354,562 )      (329,419 )      (104,090 )      (194,026 )      (46,217,017 )      (51,954,062 )      (55,680,592 )      (43,145,709 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     1,426,598       1,580,746       812,767       887,888       324,647,280       344,268,967       276,402,530       271,821,075  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying note to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    GVAGG2     GVAGI2     GVAGR2     GVDMA  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ (3,184,082 )      (2,951,738 )      6,845,094       (4,501,197 )      (6,003,352 )      (7,106,312 )      (7,811,333 )      3,498,047  

Realized gain (loss) on investments

     17,116,010       11,151,511       161,179,276       68,482,858       42,948,641       22,212,277       28,809,588       27,759,548  

Change in unrealized gain (loss) on investments

     58,690,051       57,377,842       (85,963,665 )      333,113,418       210,967,286       45,928,624       2,394,781       28,438,358  

Reinvested capital gains

     24,407,987       28,599,372       355,573,867       301,949,354       68,397,790       84,344,657       38,732,561       63,771,904  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     97,029,966       94,176,987       437,634,572       699,044,433       316,310,365       145,379,246       62,125,597       123,467,857  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     32,513,069       23,234,152       252,518,286       360,938,121       112,455,631       47,428,561       15,243,211       9,018,225  

Transfers between funds

     (39,305,329 )      (3,558,361 )      (167,622,547 )      9,436,526       (48,903,324 )      (14,490,876 )      (14,061,664 )      (23,413,591 ) 

Redemptions (notes 2, 3, and 4)

     (29,583,442 )      (26,834,642 )      (255,805,888 )      (269,379,536 )      (56,385,982 )      (51,020,328 )      (62,973,987 )      (84,303,078 ) 

Adjustments to maintain reserves

     23       (138 )      50,017       1,301       1,027       136       (49,778 )      50,058  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     (36,375,679 )      (7,158,989 )      (170,860,132 )      100,996,412       7,167,352       (18,082,507 )      (61,842,218 )      (98,648,386 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     60,654,287       87,017,998       266,774,440       800,040,845       323,477,717       127,296,739       283,379       24,819,471  

Contract owners’ equity at beginning of period

     374,175,719       287,157,721       3,652,973,258       2,852,932,413       643,490,229       516,193,490       680,458,997       655,639,526  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 434,830,006       374,175,719       3,919,747,698       3,652,973,258       966,967,946       643,490,229       680,742,376       680,458,997  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     15,592,346       15,904,781       175,046,931       169,771,107       24,941,956       25,709,376       23,851,697       27,509,783  

Units purchased

     2,134,105       2,338,267       29,006,847       29,714,824       7,348,848       3,435,384       957,576       449,389  

Units redeemed

     (3,607,586 )      (2,650,702 )      (35,812,109 )      (24,439,000 )      (7,219,774 )      (4,202,804 )      (3,146,644 )      (4,107,475 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     14,118,865       15,592,346       168,241,669       175,046,931       25,071,030       24,941,956       21,662,629       23,851,697  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying note to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    GVDMC     GVEX1     GVEX2     GVIDA  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ (8,990,357 )      4,766,090       9,516       -           2,400,116       2,694,312       (2,038,472 )      511,267  

Realized gain (loss) on investments

     6,106,765       14,984,145       1,327       -           18,570,506       11,566,295       5,286,855       8,150,856  

Change in unrealized gain (loss) on investments

     28,037,964       23,432,868       149,895       -           124,776,083       137,277,218       4,195,870       8,211,447  

Reinvested capital gains

     19,057,341       36,823,064       13,764       -           19,767,778       31,932,459       9,913,439       13,735,105  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     44,211,713       80,006,167       174,502       -           165,514,483       183,470,284       17,357,692       30,608,675  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     11,606,631       16,209,475       11,317       -           173,589,589       107,657,108       21,419,312       2,913,490  

Transfers between funds

     (8,388,941 )      (5,248,476 )      593,314       -           4,982,092       (17,023,123 )      (4,820,547 )      (5,979,928 ) 

Redemptions (notes 2, 3, and 4)

     (66,378,808 )      (80,914,419 )      -           -           (53,909,265 )      (40,595,278 )      (10,647,076 )      (15,777,217 ) 

Adjustments to maintain reserves

     48       238       (2 )      -           1,126       (40 )      306       82  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     (63,161,070 )      (69,953,182 )      604,629       -           124,663,542       50,038,667       5,951,995       (18,843,573 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     (18,949,357 )      10,052,985       779,131       -           290,178,025       233,508,951       23,309,687       11,765,102  

Contract owners’ equity at beginning of period

     713,545,488       703,492,503       -           -           859,848,729       626,339,778       159,365,537       147,600,435  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 694,596,131       713,545,488       779,131       -           1,150,026,754       859,848,729       182,675,224       159,365,537  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     37,248,051       41,053,128       -           -           42,214,877       39,634,312       5,158,120       5,818,163  

Units purchased

     1,642,452       2,023,927       58,845       -           15,446,744       8,981,637       1,073,667       141,217  

Units redeemed

     (4,993,628 )      (5,829,004 )      (438 )      -           (9,094,864 )      (6,401,072 )      (787,460 )      (801,260 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     33,896,875       37,248,051       58,407       -           48,566,757       42,214,877       5,444,327       5,158,120  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying note to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    GVIDC     GVIDM     GVIX2     GVIX8  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ (8,671,622 )      4,001,246       (26,065,029 )      13,173,702       63,586       72,354       686,855       1,571,883  

Realized gain (loss) on investments

     (6,927,997 )      (7,016,871 )      37,055,227       (7,335,634 )      (72,071 )      37,761       (914,389 )      270,981  

Change in unrealized gain (loss) on investments

     44,386,581       36,829,703       38,782,222       117,026,588       404,552       374,499       4,020,024       14,103,605  

Reinvested capital gains

     6,141,002       11,665,066       107,533,820       184,325,769       94,907       5,375       2,895,260       186,217  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     34,927,964       45,479,144       157,306,240       307,190,425       490,974       489,989       6,687,750       16,132,686  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     20,087,224       15,528,826       18,498,747       17,585,479       1,378,764       193,209       9,179,467       11,329,450  

Transfers between funds

     155,304,392       73,317,874       (40,884,692 )      (24,421,738 )      (686,086 )      (84,859 )      1,079,318       1,304,129  

Redemptions (notes 2, 3, and 4)

     (119,232,887 )      (140,090,953 )      (185,877,312 )      (214,637,078 )      (255,985 )      (172,937 )      (5,879,181 )      (5,444,619 ) 

Adjustments to maintain reserves

     158       183       6,251       20,894       18       (19 )      798       (440 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     56,158,887       (51,244,070 )      (208,257,006 )      (221,452,443 )      436,711       (64,606 )      4,380,402       7,188,520  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     91,086,851       (5,764,926 )      (50,950,766 )      85,737,982       927,685       425,383       11,068,152       23,321,206  

Contract owners’ equity at beginning of period

     581,909,698       587,674,624       2,090,469,962       2,004,731,980       2,759,169       2,333,786       103,464,275       80,143,069  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 672,996,549       581,909,698       2,039,519,196       2,090,469,962       3,686,854       2,759,169       114,532,427       103,464,275  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     37,616,534       41,086,948       90,632,346       100,698,428       211,198       215,853       9,034,263       8,362,077  

Units purchased

     17,973,937       10,617,103       2,722,657       3,700,694       173,530       21,622       1,825,433       1,671,267  

Units redeemed

     (14,272,442 )      (14,087,517 )      (11,999,260 )      (13,766,776 )      (119,856 )      (26,277 )      (1,414,384 )      (999,081 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     41,318,029       37,616,534       81,355,743       90,632,346       264,872       211,198       9,445,312       9,034,263  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying note to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    HIBF     IDPG2     IDPGI2     MCIF  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ 1,960,477       2,294,350       (13,837,398 )      7,757,249       (5,987,721 )      3,427,950       (691,470 )      (465,412 ) 

Realized gain (loss) on investments

     (1,510,748 )      756,609       3,276,761       2,455,958       871,475       1,103,735       (4,695,169 )      6,001,853  

Change in unrealized gain (loss) on investments

     1,470,889       4,154,130       42,734,553       97,522,121       13,772,201       34,475,295       25,499,774       6,156,457  

Reinvested capital gains

     -           -           19,453,906       25,216,214       5,108,198       9,752,788       12,512,693       39,910,116  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     1,920,618       7,205,089       51,627,822       132,951,542       13,764,153       48,759,768       32,625,828       51,603,014  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     1,616,727       2,258,282       44,409,237       70,632,605       18,907,692       32,675,510       27,894,657       22,391,003  

Transfers between funds

     (857,312 )      (1,132,309 )      (13,151,322 )      (15,093,802 )      (6,031,365 )      (5,441,594 )      (8,979,418 )      539,358  

Redemptions (notes 2, 3, and 4)

     (5,467,404 )      (6,808,875 )      (57,851,060 )      (58,070,191 )      (25,453,770 )      (29,821,566 )      (17,890,067 )      (18,229,362 ) 

Adjustments to maintain reserves

     (537 )      88       456       (279 )      (32 )      (31 )      (15 )      (44 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     (4,708,526 )      (5,682,814 )      (26,592,689 )      (2,531,667 )      (12,577,475 )      (2,587,681 )      1,025,157       4,700,955  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     (2,787,908 )      1,522,275       25,035,133       130,419,875       1,186,678       46,172,087       33,650,985       56,303,969  

Contract owners’ equity at beginning of period

     58,561,310       57,039,035       1,108,144,785       977,724,910       473,812,981       427,640,894       269,119,247       212,815,278  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 55,773,402       58,561,310       1,133,179,918       1,108,144,785       474,999,659       473,812,981       302,770,232       269,119,247  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     2,399,886       2,634,670       84,974,755       85,245,155       38,077,091       38,304,461       6,253,581       6,128,379  

Units purchased

     1,044,251       463,856       4,516,474       6,375,959       2,099,296       3,599,183       1,385,188       1,248,668  

Units redeemed

     (1,258,125 )      (698,640 )      (6,624,965 )      (6,646,359 )      (3,155,957 )      (3,826,553 )      (1,296,673 )      (1,123,466 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     2,186,012       2,399,886       82,866,264       84,974,755       37,020,430       38,077,091       6,342,096       6,253,581  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying note to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    MCIF2     MSBF     NAMAA2     NAMGI2  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ 4,360       -           4,034,489       7,298,103       (5,544,941 )      8,271,703       (903,897 )      1,230,846  

Realized gain (loss) on investments

     155       -           (2,395,637 )      (1,681,671 )      8,653,644       1,917,432       9,817,863       909,398  

Change in unrealized gain (loss) on investments

     74,244       -           2,666,844       10,826,728       46,610,911       248,897,323       (5,709,033 )      58,109,471  

Reinvested capital gains

     2,255       -           -           -           86,354,607       58,306,944       31,204,125       18,700,573  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     81,014       -           4,305,696       16,443,160       136,074,221       317,393,402       34,409,058       78,950,288  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     728,045       -           5,045,073       6,234,614       215,139,848       345,551,020       70,008,815       122,032,180  

Transfers between funds

     1,111       -           5,687,559       (12,912,928 )      (21,014,943 )      38,469,872       (16,386,712 )      (564,094 ) 

Redemptions (notes 2, 3, and 4)

     -           -           (18,274,884 )      (22,550,176 )      (106,181,305 )      (102,307,537 )      (19,919,047 )      (17,792,111 ) 

Adjustments to maintain reserves

     -           -           (86 )      (31 )      881       (3,240 )      343       (353 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     729,156       -           (7,542,338 )      (29,228,521 )      87,944,481       281,710,115       33,703,399       103,675,622  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     810,170       -           (3,236,642 )      (12,785,361 )      224,018,702       599,103,517       68,112,457       182,625,910  

Contract owners’ equity at beginning of period

     -           -           221,183,164       233,968,525       2,302,956,756       1,703,853,239       519,096,525       336,470,615  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 810,170       -           217,946,522       221,183,164       2,526,975,458       2,302,956,756       587,208,982       519,096,525  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     -           -           12,526,039       14,307,465       176,138,480       153,008,686       34,382,199       26,846,222  

Units purchased

     112,094       -           1,974,736       2,249,622       22,139,655       34,923,216       7,840,367       10,292,329  

Units redeemed

     (49,368 )      -           (2,507,442 )      (4,031,048 )      (15,380,184 )      (11,793,422 )      (5,391,310 )      (2,756,352 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     62,726       -           11,993,333       12,526,039       182,897,951       176,138,480       36,831,256       34,382,199  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying note to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    NCPG2     NCPGI2     NJMMA2     NJNDE2  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ (8,035,669 )      13,566,756       (4,485,077 )      5,733,423       (53,433 )      (50 )      (32,044 )      202  

Realized gain (loss) on investments

     (1,848,401 )      (1,590,354 )      (1,094,678 )      (646,208 )      (7,374 )      13       124,398       33  

Change in unrealized gain (loss) on investments

     80,996,485       100,775,677       24,853,664       48,519,717       212,085       6,190       1,405,050       24,111  

Reinvested capital gains

     -           45,052,410       -           10,531,251       21,619       -           183,973       -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     71,112,415       157,804,489       19,273,909       64,138,183       172,897       6,153       1,681,377       24,346  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     39,616,119       76,059,149       23,364,449       28,425,917       7,953,658       1,014,914       9,392,411       660,362  

Transfers between funds

     (26,859,369 )      (31,631,994 )      (5,316,540 )      (8,010,873 )      1,392,840       1,323       5,845       -      

Redemptions (notes 2, 3, and 4)

     (63,754,549 )      (71,730,516 )      (37,332,897 )      (35,484,256 )      (233,264 )      (812 )      (237,387 )      (814 ) 

Adjustments to maintain reserves

     115       (299 )      258       (239 )      -           11       (35 )      3  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     (50,997,684 )      (27,303,660 )      (19,284,730 )      (15,069,451 )      9,113,234       1,015,436       9,160,834       659,551  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     20,114,731       130,500,829       (10,821 )      49,068,732       9,286,131       1,021,589       10,842,211       683,897  

Contract owners’ equity at beginning of period

     1,290,791,219       1,160,290,390       580,249,932       531,181,200       1,021,589       -           683,897       -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 1,310,905,950       1,290,791,219       580,239,111       580,249,932       10,307,720       1,021,589       11,526,108       683,897  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     99,738,845       102,058,787       46,655,575       47,957,987       101,281       -           62,371       -      

Units purchased

     4,360,309       6,889,474       2,536,644       2,774,980       996,319       101,362       912,039       62,448  

Units redeemed

     (8,419,667 )      (9,209,416 )      (4,155,850 )      (4,077,392 )      (77,500 )      (81 )      (129,083 )      (77 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     95,679,487       99,738,845       45,036,369       46,655,575       1,020,100       101,281       845,327       62,371  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying note to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    NVAMV1     NVAMV2     NVAMVX     NVAMVZ  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ 86,153       475,718       (597,438 )      1,617,278       32,652       -           1,230,579       -      

Realized gain (loss) on investments

     (1,765,281 )      485,656       (28,950,418 )      (1,850,167 )      17,102       -           118,030       -      

Change in unrealized gain (loss) on investments

     76,915       3,284,602       13,854,453       18,104,147       492,475       -           23,851,777       -      

Reinvested capital gains

     786,033       4,051,728       3,775,650       17,876,349       -           -           -           -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     (816,180)       8,297,704       (11,917,753)       35,747,607       542,229       -           25,200,386       -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     165,903       444,447       2,021,750       4,942,210       56,848       -           1,084,070       -      

Transfers between funds

     (2,397,656 )      (522,107 )      (75,515,286 )      (3,966,150 )      3,388,374       -           139,124,513       -      

Redemptions (notes 2, 3, and 4)

     (3,153,637 )      (4,626,335 )      (10,585,680 )      (14,934,465 )      (59,504 )      -           (3,527,203 )      -      

Adjustments to maintain reserves

     97       124       (148 )      76       (18 )      -           (193 )      -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     (5,385,293 )      (4,703,871 )      (84,079,364 )      (13,958,329 )      3,385,700       -           136,681,187       -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     (6,201,473 )      3,593,833       (95,997,117 )      21,789,278       3,927,929       -           161,881,573       -      

Contract owners’ equity at beginning of period

     38,506,959       34,913,126       170,311,445       148,522,167       -           -           -           -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 32,305,486       38,506,959       74,314,328       170,311,445       3,927,929       -           161,881,573       -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     1,253,024       1,423,536       5,755,354       6,265,951       -           -           -           -      

Units purchased

     16,498       28,916       716,185       500,673       354,821       -           14,250,352       -      

Units redeemed

     (220,007 )      (199,428 )      (3,954,257 )      (1,011,270 )      (22,153 )      -           (528,146 )      -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     1,049,515       1,253,024       2,517,282       5,755,354       332,668       -           13,722,206       -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying note to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    NVBX     NVCBD1     NVCBD2     NVCCA2  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ 19,332       18,675       46,811       62,653       967,475       1,260,406       (11,524,016 )      30,641,503  

Realized gain (loss) on investments

     407       77       95,546       34,669       948,141       (94,822 )      (20,057,164 )      (1,981,561 ) 

Change in unrealized gain (loss) on investments

     42,441       696       43,071       127,782       2,973,135       5,316,997       155,076,432       154,317,605  

Reinvested capital gains

     -           -           8,759       -           240,047       -           84,639,329       218,064,619  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     62,180       19,448       194,187       225,104       5,128,798       6,482,581       208,134,581       401,042,166  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     40,699       691,556       30,639       65,057       10,744,360       6,971,388       13,440,346       12,429,673  

Transfers between funds

     1,728,057       -           474,822       612,256       611,905       4,659,914       (35,967,249 )      (31,888,348 ) 

Redemptions (notes 2, 3, and 4)

     -           -           (511,443 )      (198,727 )      (8,921,701 )      (9,915,998 )      (189,196,252 )      (248,976,578 ) 

Adjustments to maintain reserves

     (1 )      (2 )      37       (31 )      (169 )      21       6,237       (5,933 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     1,768,755       691,554       (5,945 )      478,555       2,434,395       1,715,325       (211,716,918 )      (268,441,186 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     1,830,935       711,002       188,242       703,659       7,563,193       8,197,906       (3,582,337 )      132,600,980  

Contract owners’ equity at beginning of period

     883,729       172,727       3,651,738       2,948,079       99,309,501       91,111,595       2,397,479,110       2,264,878,130  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 2,714,664       883,729       3,839,980       3,651,738       106,872,694       99,309,501       2,393,896,773       2,397,479,110  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     80,401       16,971       262,668       228,067       7,488,952       7,366,376       149,287,227       167,139,954  

Units purchased

     151,547       63,430       165,508       105,303       2,660,988       2,165,714       2,881,570       5,156,332  

Units redeemed

     -           -           (166,716 )      (70,702 )      (2,489,698 )      (2,043,138 )      (16,456,641 )      (23,009,059 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     231,948       80,401       261,460       262,668       7,660,242       7,488,952       135,712,156       149,287,227  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying note to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    NVCCN2     NVCMA2     NVCMC2     NVCMD2  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ (8,256,796 )      6,129,070       (1,364,326 )      3,762,595       (6,232,306 )      7,830,878       (14,386,117 )      28,240,109  

Realized gain (loss) on investments

     (3,875,853 )      (5,114,554 )      (5,555,408 )      (3,759,725 )      140,443       (2,290,779 )      (17,530,865 )      4,036,280  

Change in unrealized gain (loss) on investments

     54,382,166       40,579,434       29,409,290       26,174,829       49,715,895       44,640,433       156,922,202       149,304,239  

Reinvested capital gains

     1,650,717       11,535,298       6,134,766       29,993,449       4,802,964       35,297,950       61,606,190       174,592,903  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     43,900,234       53,129,248       28,624,322       56,171,148       48,426,996       85,478,482       186,611,410       356,173,531  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     20,070,722       22,774,430       11,409,155       3,470,488       7,827,900       12,561,001       16,515,653       18,750,074  

Transfers between funds

     161,980,483       61,826,952       (9,703,262 )      (6,892,309 )      (7,052,576 )      (6,247,081 )      (47,383,921 )      (38,749,902 ) 

Redemptions (notes 2, 3, and 4)

     (122,608,134 )      (126,237,229 )      (26,237,525 )      (31,751,574 )      (68,134,883 )      (75,882,805 )      (204,066,014 )      (233,979,822 ) 

Adjustments to maintain reserves

     (94 )      41       25       (107 )      455       203       1,044       (63 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     59,442,977       (41,635,806 )      (24,531,607 )      (35,173,502 )      (67,359,104 )      (69,568,682 )      (234,933,238 )      (253,979,713 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     103,343,211       11,493,442       4,092,715       20,997,646       (18,932,108 )      15,909,800       (48,321,828 )      102,193,818  

Contract owners’ equity at beginning of period

     617,123,092       605,629,650       310,244,835       289,247,189       719,608,160       703,698,360       2,366,459,364       2,264,265,546  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 720,466,303       617,123,092       314,337,550       310,244,835       700,676,052       719,608,160       2,318,137,536       2,366,459,364  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     47,160,771       50,580,027       19,173,402       21,482,129       49,936,654       55,035,016       152,335,696       169,751,666  

Units purchased

     23,188,039       11,036,583       826,488       432,529       2,468,518       2,437,396       2,660,227       4,447,314  

Units redeemed

     (18,458,398 )      (14,455,839 )      (2,444,030 )      (2,741,256 )      (7,196,104 )      (7,535,758 )      (18,204,214 )      (21,863,284 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     51,890,412       47,160,771       17,555,860       19,173,402       45,209,068       49,936,654       136,791,709       152,335,696  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying note to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    NVCRA2     NVCRB2     NVDBL2     NVDCA2  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ (354,780 )      771,484       (14,708,829 )      23,285,998       (19,048,948 )      10,967,757       (16,703,035 )      7,868,587  

Realized gain (loss) on investments

     (1,877,521 )      (1,159,082 )      (2,796,104 )      14,950,857       19,140,775       19,916,421       21,600,925       25,369,177  

Change in unrealized gain (loss) on investments

     10,397,546       8,365,664       138,883,765       103,875,699       68,145,996       69,396,569       43,197,394       95,168,035  

Reinvested capital gains

     -           5,368,736       27,134,792       130,413,547       41,707,586       90,328,521       75,145,207       100,446,388  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     8,165,245       13,346,802       148,513,624       272,526,101       109,945,409       190,609,268       123,240,491       228,852,187  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     10,134,632       3,731,112       25,684,825       48,176,610       31,139,208       51,891,897       9,357,699       6,124,528  

Transfers between funds

     (3,449,270 )      (962,635 )      (34,010,375 )      (24,153,067 )      10,861,991       (16,748,300 )      (2,830,912 )      (15,059,188 ) 

Redemptions (notes 2, 3, and 4)

     (2,842,630 )      (5,080,301 )      (163,303,427 )      (192,344,492 )      (121,043,969 )      (128,187,937 )      (119,337,037 )      (134,648,433 ) 

Adjustments to maintain reserves

     144       (170 )      1,166       (52 )      (37 )      (50 )      (35,252 )      (551 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     3,842,876       (2,311,994 )      (171,627,811 )      (168,321,001 )      (79,042,807 )      (93,044,390 )      (112,845,502 )      (143,583,644 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     12,008,121       11,034,808       (23,114,187 )      104,205,100       30,902,602       97,564,878       10,394,989       85,268,543  

Contract owners’ equity at beginning of period

     72,138,700       61,103,892       2,043,521,477       1,939,316,377       1,523,502,292       1,425,937,414       1,397,439,933       1,312,171,390  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 84,146,821       72,138,700       2,020,407,290       2,043,521,477       1,554,404,894       1,523,502,292       1,407,834,922       1,397,439,933  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     4,425,266       4,587,657       136,546,286       148,478,478       82,100,866       87,424,198       62,012,665       68,870,094  

Units purchased

     870,761       408,183       3,814,193       5,848,586       5,302,454       4,902,323       2,606,389       2,407,067  

Units redeemed

     (647,238 )      (570,574 )      (15,562,378 )      (17,780,778 )      (9,783,682 )      (10,225,655 )      (7,838,460 )      (9,264,496 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     4,648,789       4,425,266       124,798,101       136,546,286       77,619,638       82,100,866       56,780,594       62,012,665  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying note to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    NVFIII     NVGEII     NVIE6     NVLCP2  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ 42,003       14,292       49,902       2,125       (230,658 )      325,037       824,738       939,828  

Realized gain (loss) on investments

     89,918       7,491       22,058       3,526       (372,792 )      (276,655 )      52,195       (170,679 ) 

Change in unrealized gain (loss) on investments

     80,092       (27,293 )      1,477,291       134,296       3,170,560       4,857,869       3,823,759       4,336,645  

Reinvested capital gains

     23,735       13,352       127       11,026       -           1,907,829       -           -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     235,748       7,842       1,549,378       150,973       2,567,110       6,814,080       4,700,692       5,105,794  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     7,807,802       1,851,158       6,768,589       1,649,815       1,235,880       1,985,948       4,293,419       3,300,519  

Transfers between funds

     4,330,979       681,205       (47,082 )      419,121       (1,426,327 )      (1,591,039 )      12,951,672       (1,996,454 ) 

Redemptions (notes 2, 3, and 4)

     (939,151 )      (16,579 )      (131,819 )      (1,715 )      (3,047,734 )      (4,281,768 )      (5,434,147 )      (6,863,433 ) 

Adjustments to maintain reserves

     (27 )      (8 )      (12 )      20       33       (10 )      401       (504 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     11,199,603       2,515,776       6,589,676       2,067,241       (3,238,148 )      (3,886,869 )      11,811,345       (5,559,872 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     11,435,351       2,523,618       8,139,054       2,218,214       (671,038 )      2,927,211       16,512,037       (454,078 ) 

Contract owners’ equity at beginning of period

     2,523,618       -           2,218,214       -           43,720,837       40,793,626       67,276,217       67,730,295  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 13,958,969       2,523,618       10,357,268       2,218,214       43,049,799       43,720,837       83,788,254       67,276,217  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     241,170       -           205,941       -           4,290,709       4,687,087       4,758,362       5,180,632  

Units purchased

     1,266,062       271,007       716,841       207,401       497,068       550,372       1,946,619       924,883  

Units redeemed

     (244,853 )      (29,837 )      (81,199 )      (1,460 )      (802,831 )      (946,750 )      (1,164,603 )      (1,347,153 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     1,262,379       241,170       841,583       205,941       3,984,946       4,290,709       5,540,378       4,758,362  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying note to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    NVMGA2     NVMIG1     NVMIG6     NVMIVX  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ 5,138,520       (2,339,087 )      (81,121 )      (19,612 )      (795,841 )      (552,693 )      (5,275 )      -      

Realized gain (loss) on investments

     3,702,050       572,631       (158,259 )      (388,170 )      4,936,050       3,727,688       9,799       -      

Change in unrealized gain (loss) on investments

     30,262,684       29,595,239       3,028,392       4,700,681       7,439,506       16,388,068       300,775       -      

Reinvested capital gains

     -           6,911,023       7,705,790       1,343,193       30,413,929       5,912,227       -           -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     39,103,254       34,739,806       10,494,802       5,636,092       41,993,644       25,475,290       305,299       -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     26,206,443       42,591,448       192,316       160,605       4,453,636       1,124,069       18,626       -      

Transfers between funds

     (22,290,875 )      890,491       597,135       (252,156 )      (5,414,371 )      (3,281,369 )      1,722,488       -      

Redemptions (notes 2, 3, and 4)

     (15,697,703 )      (10,715,517 )      (1,862,291 )      (2,136,762 )      (9,748,718 )      (10,939,256 )      (36,465 )      -      

Adjustments to maintain reserves

     155       (214 )      328       (967 )      (42,327 )      (83 )      21,489       -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     (11,781,980 )      32,766,208       (1,072,512 )      (2,229,280 )      (10,751,780 )      (13,096,639 )      1,726,138       -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     27,321,274       67,506,014       9,422,290       3,406,812       31,241,864       12,378,651       2,031,437       -      

Contract owners’ equity at beginning of period

     311,900,255       244,394,241       22,231,885       18,825,073       98,575,956       86,197,305       -           -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 339,221,529       311,900,255       31,654,175       22,231,885       129,817,820       98,575,956       2,031,437       -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     27,691,497       24,609,072       1,793,593       1,994,973       7,384,663       8,452,066       -           -      

Units purchased

     2,459,796       4,764,898       132,626       23,963       1,726,819       666,371       185,138       -      

Units redeemed

     (3,506,286 )      (1,682,473 )      (212,500 )      (225,343 )      (2,521,920 )      (1,733,774 )      (12,970 )      -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     26,645,007       27,691,497       1,713,719       1,793,593       6,589,562       7,384,663       172,168       -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying note to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    NVMIVZ     NVMLG1     NVMLG2     NVMM2  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ (164,815 )      -           (118,313 )      233,225       (1,806,921 )      2,596,948       (482 )      -      

Realized gain (loss) on investments

     26,744       -           (343,568 )      (18,929 )      (5,645,050 )      (21,367 )      -           -      

Change in unrealized gain (loss) on investments

     8,671,600       -           (1,586,475 )      848,581       (22,770,672 )      11,102,949       -           -      

Reinvested capital gains

     -           -           4,298,354       1,203,772       59,714,220       14,974,105       -           -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     8,533,529       -           2,249,998       2,266,649       29,491,577       28,652,635       (482)       -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     467,356       -           109,269       106,871       2,651,726       4,701,138       1,002,883       -      

Transfers between funds

     51,530,569       -           (584,729 )      (488,443 )      (11,948,002 )      (7,142,025 )      (877,643 )      -      

Redemptions (notes 2, 3, and 4)

     (1,090,431 )      -           (700,387 )      (1,062,688 )      (9,781,176 )      (11,174,867 )      -           -      

Adjustments to maintain reserves

     25,348       -           (113 )      454       201       56       1       -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     50,932,842       -           (1,175,960 )      (1,443,806 )      (19,077,251 )      (13,615,698 )      125,241       -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     59,466,371       -           1,074,038       822,843       10,414,326       15,036,937       124,759       -      

Contract owners’ equity at beginning of period

     -           -           9,184,956       8,362,113       120,157,377       105,120,440       -           -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 59,466,371       -           10,258,994       9,184,956       130,571,703       120,157,377       124,759       -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     -           -           382,086       448,327       5,293,739       5,938,578       -           -      

Units purchased

     5,190,444       -           23,226       28,424       707,424       818,452       100,865       -      

Units redeemed

     (128,316 )      -           (72,601 )      (94,665 )      (1,507,522 )      (1,463,291 )      (88,290 )      -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     5,062,128       -           332,711       382,086       4,493,641       5,293,739       12,575       -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying note to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    NVMMG1     NVMMG2     NVMMV1     NVMMV2  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ (2,559,718 )      (2,308,574 )      (1,989,444 )      (1,779,292 )      8,112       11,590       1,244,984       1,787,439  

Realized gain (loss) on investments

     3,338,345       6,629,580       (2,870,257 )      (5,070,783 )      (56,266 )      (27,080 )      (19,539,277 )      (6,544,540 ) 

Change in unrealized gain (loss) on investments

     69,513,875       2,119,857       50,710,093       10,786,045       31,556       38,668       13,000,740       9,982,958  

Reinvested capital gains

     27,150,124       44,016,105       18,235,243       29,545,635       -           114,157       -           40,213,968  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     97,442,626       50,456,968       64,085,635       33,481,605       (16,598)       137,335       (5,293,553)       45,439,825  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     928,534       1,523,950       8,144,883       4,904,039       -           (971 )      2,085,238       2,870,048  

Transfers between funds

     (5,354,913 )      (1,867,508 )      (29,042,828 )      8,663,181       (85,169 )      (74,798 )      (193,310 )      (3,325,488 ) 

Redemptions (notes 2, 3, and 4)

     (13,684,156 )      (17,902,178 )      (10,931,783 )      (12,849,049 )      (2,315 )      (39,389 )      (16,283,006 )      (25,040,142 ) 

Adjustments to maintain reserves

     2,354       175       610       (20 )      3       3       671       17  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     (18,108,181 )      (18,245,561 )      (31,829,118 )      718,151       (87,481 )      (115,155 )      (14,390,407 )      (25,495,565 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     79,334,445       32,211,407       32,256,517       34,199,756       (104,079 )      22,180       (19,683,960 )      19,944,260  

Contract owners’ equity at beginning of period

     178,846,131       146,634,724       128,549,149       94,349,393       648,555       626,375       231,598,787       211,654,527  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 258,180,576       178,846,131       160,805,666       128,549,149       544,476       648,555       211,914,827       231,598,787  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     7,457,247       8,287,039       5,672,388       5,598,301       34,208       40,741       10,260,963       11,449,717  

Units purchased

     93,517       121,840       1,904,715       1,622,679       1,187       274       856,577       424,367  

Units redeemed

     (775,253 )      (951,632 )      (3,102,231 )      (1,548,592 )      (6,232 )      (6,807 )      (1,483,755 )      (1,613,121 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     6,775,511       7,457,247       4,474,872       5,672,388       29,163       34,208       9,633,785       10,260,963  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying note to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    NVNMO1     NVNMO2     NVNSR1     NVNSR2  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ (619,901 )      (509,008 )      (471,230 )      (396,943 )      (9,220 )      (10,222 )      (712,647 )      (845,151 ) 

Realized gain (loss) on investments

     1,360,270       2,231,541       677,632       1,324,883       (50,177 )      (81,247 )      (2,262,473 )      6,641,110  

Change in unrealized gain (loss) on investments

     1,495,311       9,171,508       1,173,866       5,204,244       89,237       339,592       7,797,822       5,270,364  

Reinvested capital gains

     5,726,559       5,862,075       3,770,387       3,343,833       113,260       200,511       6,333,970       11,257,304  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     7,962,239       16,756,116       5,150,655       9,476,017       143,100       448,634       11,156,672       22,323,627  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     315,541       454,211       1,158,943       3,448,248       46,985       51,240       1,725,162       1,957,837  

Transfers between funds

     (1,961,131 )      (809,560 )      (2,074,447 )      (1,228,082 )      (81,919 )      (52,964 )      (5,875,102 )      (1,327,303 ) 

Redemptions (notes 2, 3, and 4)

     (4,640,884 )      (6,674,205 )      (2,821,863 )      (5,170,758 )      (207,182 )      (387,637 )      (9,922,189 )      (11,423,659 ) 

Adjustments to maintain reserves

     1,076       (60 )      347       (432 )      58       (42 )      797       (20 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     (6,285,398 )      (7,029,614 )      (3,737,020 )      (2,951,024 )      (242,058 )      (389,403 )      (14,071,332 )      (10,793,145 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     1,676,841       9,726,502       1,413,635       6,524,993       (98,958 )      59,231       (2,914,660 )      11,530,482  

Contract owners’ equity at beginning of period

     75,968,613       66,242,111       43,114,383       36,589,390       2,102,708       2,043,477       105,198,483       93,668,001  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 77,645,454       75,968,613       44,528,018       43,114,383       2,003,750       2,102,708       102,283,823       105,198,483  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     3,565,898       3,929,899       2,102,879       2,256,041       95,317       115,207       4,925,653       5,445,148  

Units purchased

     44,396       36,440       575,769       403,190       12,640       5,377       354,668       980,238  

Units redeemed

     (357,457 )      (400,441 )      (735,503 )      (556,352 )      (26,766 )      (25,267 )      (994,243 )      (1,499,733 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     3,252,837       3,565,898       1,943,145       2,102,879       81,191       95,317       4,286,078       4,925,653  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying note to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    NVOLG1     NVOLG2     NVRE1     NVRE2  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ 19,076       1,305,605       (1,208,183 )      (9,583 )      65,393       147,271       (292,407 )      (41,059 ) 

Realized gain (loss) on investments

     2,943,052       9,742,258       (6,125,520 )      (4,385,492 )      (899,551 )      (1,076,756 )      (4,869,492 )      (1,423,079 ) 

Change in unrealized gain (loss) on investments

     20,905,499       4,696,528       24,326,983       16,051,245       (2,653,247 )      11,769,139       (3,464,714 )      23,025,386  

Reinvested capital gains

     39,046,437       96,430,002       28,648,461       68,289,238       173,919       -           360,732       -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     62,914,064       112,174,393       45,641,741       79,945,408       (3,313,486)       10,839,654       (8,265,881)       21,561,248  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     3,877,169       2,982,662       12,740,745       5,039,861       398,469       519,095       3,815,038       2,999,734  

Transfers between funds

     (8,850,312 )      (4,879,185 )      (41,297,637 )      13,754,398       (1,562,985 )      (483,738 )      (10,150,888 )      5,008,440  

Redemptions (notes 2, 3, and 4)

     (31,884,997 )      (38,541,417 )      (24,755,607 )      (25,391,347 )      (2,968,534 )      (4,960,873 )      (7,325,047 )      (9,565,206 ) 

Adjustments to maintain reserves

     4,555       981       (526 )      580       253       (49 )      (11,444 )      (88 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     (36,853,585 )      (40,436,959 )      (53,313,025 )      (6,596,508 )      (4,132,797 )      (4,925,565 )      (13,672,341 )      (1,557,120 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     26,060,479       71,737,434       (7,671,284 )      73,348,900       (7,446,283 )      5,914,089       (21,938,222 )      20,004,128  

Contract owners’ equity at beginning of period

     399,493,431       327,755,997       305,459,440       232,110,540       44,837,288       38,923,199       97,656,428       77,652,300  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 425,553,910       399,493,431       297,788,156       305,459,440       37,391,005       44,837,288       75,718,206       97,656,428  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     9,975,304       11,104,064       7,991,334       8,197,306       2,444,964       2,737,930       5,671,543       5,777,988  

Units purchased

     159,165       144,812       1,782,286       1,635,828       53,054       88,471       655,716       1,213,815  

Units redeemed

     (1,070,663 )      (1,273,572 )      (3,117,677 )      (1,841,800 )      (321,248 )      (381,437 )      (1,598,296 )      (1,320,260 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     9,063,806       9,975,304       6,655,943       7,991,334       2,176,770       2,444,964       4,728,963       5,671,543  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    NVSIX2     NVSTB2     NVTIV3     SAM  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ (613,219 )      (597,986 )      183,121       1,032,187       (244,989 )      1,708,201       (8,001,691 )      1,468,501  

Realized gain (loss) on investments

     (10,356,062 )      (2,940,718 )      97,472       (1,003,869 )      (5,878,017 )      1,676,428       -           -      

Change in unrealized gain (loss) on investments

     28,236,068       (14,450,894 )      1,782,083       3,587,210       16,654,967       (860,109 )      -           -      

Reinvested capital gains

     4,881,037       38,288,355       -           -           -           16,421,785       -           -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     22,147,824       20,298,757       2,062,676       3,615,528       10,531,961       18,946,305       (8,001,691)       1,468,501  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     20,341,660       12,868,858       13,442,318       14,025,257       1,219,692       4,078,392       156,578,576       134,678,359  

Transfers between funds

     (4,223,369 )      139,987       14,712,647       (14,198,213 )      5,850,021       14,144,987       579,450,568       268,169,188  

Redemptions (notes 2, 3, and 4)

     (6,649,956 )      (4,691,174 )      (18,056,894 )      (16,384,941 )      (14,872,665 )      (18,641,037 )      (557,241,631 )      (465,764,138 ) 

Adjustments to maintain reserves

     353       (437 )      (22 )      (36 )      531       (5 )      (42,908 )      6,117  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     9,468,688       8,317,234       10,098,049       (16,557,933 )      (7,802,421 )      (417,663 )      178,744,605       (62,910,474 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     31,616,512       28,615,991       12,160,725       (12,942,405 )      2,729,540       18,528,642       170,742,914       (61,441,973 ) 

Contract owners’ equity at beginning of period

     113,146,374       84,530,383       147,991,296       160,933,701       189,900,204       171,371,562       504,189,693       565,631,666  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 144,762,886       113,146,374       160,152,021       147,991,296       192,629,744       189,900,204       674,932,607       504,189,693  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     6,508,380       5,983,119       14,111,650       15,840,601       12,319,345       12,328,795       43,262,098       48,439,904  

Units purchased

     2,183,841       1,467,123       9,180,761       4,361,340       2,109,864       1,882,174       102,874,715       59,343,695  

Units redeemed

     (1,621,412 )      (941,862 )      (8,238,003 )      (6,090,291 )      (2,374,572 )      (1,891,624 )      (88,602,227 )      (64,521,501 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     7,070,809       6,508,380       15,054,408       14,111,650       12,054,637       12,319,345       57,534,586       43,262,098  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    SCF     SCF2     SCGF     SCGF2  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ (692,996 )      (750,308 )      (533,361 )      (601,305 )      (87,778 )      (80,482 )      (636,085 )      (580,760 ) 

Realized gain (loss) on investments

     493,203       899,993       (3,540,249 )      (2,453,956 )      (25,114 )      (128,166 )      (3,734,176 )      (293,111 ) 

Change in unrealized gain (loss) on investments

     8,723,690       5,795,975       10,238,949       6,559,275       1,606,843       290,025       13,030,364       158,252  

Reinvested capital gains

     2,257,009       6,641,946       1,673,776       4,811,073       890,439       1,667,975       5,810,636       10,937,783  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     10,780,906       12,587,606       7,839,115       8,315,087       2,384,390       1,749,352       14,470,739       10,222,164  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     295,986       353,335       2,018,803       1,384,344       87,797       82,071       3,608,806       2,127,553  

Transfers between funds

     (1,611,983 )      (1,099,718 )      (2,132,440 )      53,394       56,477       (113,048 )      (5,129,224 )      206,502  

Redemptions (notes 2, 3, and 4)

     (4,898,946 )      (5,260,034 )      (3,675,597 )      (3,779,487 )      (430,870 )      (487,260 )      (3,627,501 )      (2,910,891 ) 

Adjustments to maintain reserves

     987       2,273       (41,141 )      (347 )      87       (52 )      459       (421 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     (6,213,956 )      (6,004,144 )      (3,830,375 )      (2,342,096 )      (286,509 )      (518,289 )      (5,147,460 )      (577,257 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     4,566,950       6,583,462       4,008,740       5,972,991       2,097,881       1,231,063       9,323,279       9,644,907  

Contract owners’ equity at beginning of period

     60,683,223       54,099,761       41,328,124       35,355,133       6,568,627       5,337,564       40,921,997       31,277,090  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 65,250,173       60,683,223       45,336,864       41,328,124       8,666,508       6,568,627       50,245,276       40,921,997  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     806,570       888,494       1,019,467       1,077,040       385,691       420,135       1,200,642       1,224,052  

Units purchased

     19,741       16,309       136,887       114,181       78,129       60,173       490,149       296,499  

Units redeemed

     (109,812 )      (98,233 )      (227,474 )      (171,754 )      (97,633 )      (94,617 )      (626,535 )      (319,909 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     716,499       806,570       928,880       1,019,467       366,187       385,691       1,064,256       1,200,642  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    SCVF     SCVF2     TRF     TRF2  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ (232,120 )      (71,887 )      (461,934 )      (242,885 )      (229,072 )      (226,179 )      (630,984 )      (627,212 ) 

Realized gain (loss) on investments

     (2,725,354 )      550,254       (5,499,684 )      (2,764,139 )      7,468,812       8,613,128       11,638,678       14,753,218  

Change in unrealized gain (loss) on investments

     3,190,050       (4,023,582 )      7,734,569       (2,883,314 )      (5,763,463 )      16,498,962       (10,405,370 )      6,215,676  

Reinvested capital gains

     95,691       7,373,925       164,124       11,286,911       8,921,899       5,358,500       7,573,076       4,631,916  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     328,267       3,828,710       1,937,075       5,396,573       10,398,176       30,244,411       8,175,400       24,973,598  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     369,263       321,666       1,736,038       1,001,527       640,948       1,145,526       3,555,108       4,601,250  

Transfers between funds

     (388,225 )      (431,245 )      1,400,564       (178,799 )      (2,381,360 )      (1,289,921 )      (4,407,795 )      1,979,516  

Redemptions (notes 2, 3, and 4)

     (2,263,134 )      (2,830,041 )      (2,685,706 )      (3,138,150 )      (9,320,451 )      (12,583,393 )      (10,473,615 )      (12,535,194 ) 

Adjustments to maintain reserves

     529       76       (60,692 )      (336 )      3,883       293       1,103       18  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     (2,281,567 )      (2,939,544 )      390,204       (2,315,758 )      (11,056,980 )      (12,727,495 )      (11,325,199 )      (5,954,410 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     (1,953,300 )      889,166       2,327,279       3,080,815       (658,804 )      17,516,916       (3,149,799 )      19,019,188  

Contract owners’ equity at beginning of period

     23,887,728       22,998,562       35,487,106       32,406,291       131,486,748       113,969,832       112,611,597       93,592,409  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 21,934,428       23,887,728       37,814,385       35,487,106       130,827,944       131,486,748       109,461,798       112,611,597  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     571,880       644,567       927,362       987,854       937,161       1,054,265       3,243,676       3,413,423  

Units purchased

     37,930       21,407       234,590       121,142       9,465       19,611       375,907       757,632  

Units redeemed

     (98,417 )      (94,094 )      (203,915 )      (181,634 )      (92,574 )      (136,715 )      (710,216 )      (927,379 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     511,393       571,880       958,037       927,362       854,052       937,161       2,909,367       3,243,676  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     AMCG     AMINS     AMMCGS     AMSRS  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ (195 )      (195 )      (1,192 )      (1,706 )      (47,475 )      (46,445 )      (107,500 )      (149,785 ) 

Realized gain (loss) on investments

      602       1,169       281       (186 )      230,589       186,419       921,915       918,513  

Change in unrealized gain (loss) on investments

      3,505       1,599       6,678       22,928       645,314       412,095       981,140       1,735,274  

Reinvested capital gains

      643       814       5,136       4,452       165,824       227,134       586,266       837,518  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      4,555       3,387       10,903       25,488       994,252       779,203       2,381,821       3,341,520  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      2,859       2,968       -           4       15,396       1,168       42,063       69,515  

Transfers between funds

      -           543       -           (7,452 )      (119,740 )      147,797       (694,651 )      (586,051 ) 

Redemptions (notes 2, 3, and 4)

      (4,392 )      (4,520 )      (13,170 )      (8,192 )      (284,460 )      (303,499 )      (1,378,368 )      (1,633,219 ) 

Adjustments to maintain reserves

      473       44       10       (17 )      (25 )      (90 )      550       13,398  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (1,060 )      (965 )      (13,160 )      (15,657 )      (388,829 )      (154,624 )      (2,030,406 )      (2,136,357 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      3,495       2,422       (2,257 )      9,831       605,423       624,579       351,415       1,205,163  

Contract owners’ equity at beginning of period

      14,771       12,349       116,470       106,639       3,157,985       2,533,406       15,904,345       14,699,182  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 18,266       14,771       114,213       116,470       3,763,408       3,157,985       16,255,760       15,904,345  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      -           -           7,137       8,216       72,408       75,180       446,891       512,948  

Units purchased

      -           7       -           263       12,706       17,123       7,868       4,014  

Units redeemed

      -           (7 )      (806 )      (1,342 )      (22,472 )      (19,895 )      (67,588 )      (70,071 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      -           -           6,331       7,137       62,642       72,408       387,171       446,891  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    AMTB     NOTB4     NOTG4     NOTMG4  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ 516,064       308,894       12,100       23,017       (3,217 )      (24,315 )      5,376       2,094  

Realized gain (loss) on investments

     (436,992 )      (604,713 )      (114,989 )      (19,587 )      (62,227 )      (39,041 )      (93,956 )      (30,694 ) 

Change in unrealized gain (loss) on investments

     834,815       1,743,415       233,121       860,094       173,119       408,299       231,249       655,547  

Reinvested capital gains

     -           -           123,258       291,956       -           327,239       55,340       305,396  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     913,887       1,447,596       253,490       1,155,480       107,675       672,182       198,009       932,343  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     359,865       401,173       6,704       4,918       140,450       13,789       20,411       15,786  

Transfers between funds

     1,173,044       (1,483,799 )      (55,468 )      (1,510 )      20,483       (172,261 )      (120,003 )      (31,310 ) 

Redemptions (notes 2, 3, and 4)

     (6,867,839 )      (9,045,544 )      (2,159,417 )      (831,279 )      (755,498 )      (267,618 )      (899,312 )      (366,742 ) 

Adjustments to maintain reserves

     (21 )      (3 )      49       (84 )      66       (56 )      83       (85 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     (5,334,951 )      (10,128,173 )      (2,208,132 )      (827,955 )      (594,499 )      (426,146 )      (998,821 )      (382,351 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     (4,421,064 )      (8,680,577 )      (1,954,642 )      327,525       (486,824 )      246,036       (800,812 )      549,992  

Contract owners’ equity at beginning of period

     62,825,663       71,506,240       10,056,420       9,728,895       5,078,242       4,832,206       7,455,381       6,905,389  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 58,404,599       62,825,663       8,101,778       10,056,420       4,591,418       5,078,242       6,654,569       7,455,381  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     5,359,460       6,261,593       851,617       925,125       407,232       443,562       597,271       629,849  

Units purchased

     718,571       827,348       12,434       8,207       18,017       4,163       11,155       14,312  

Units redeemed

     (1,205,911 )      (1,729,481 )      (200,455 )      (81,715 )      (68,216 )      (40,493 )      (93,068 )      (46,890 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     4,872,120       5,359,460       663,596       851,617       357,033       407,232       515,358       597,271  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    PMUBA     PMVAAD     PMVEBD     PMVFAD  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ 1,215       2,103       1,211,685       494,777       354,430       333,967       542,121       48,392  

Realized gain (loss) on investments

     (34 )      (3 )      (551,472 )      (185,615 )      (83,687 )      (33,459 )      (269,513 )      (40,867 ) 

Change in unrealized gain (loss) on investments

     1,178       208       1,364,870       3,627,074       234,660       1,134,133       964,385       818,587  

Reinvested capital gains

     -           -           -           -           -           -           -           -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     2,359       2,308       2,025,083       3,936,236       505,403       1,434,641       1,236,993       826,112  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     -           -           550,108       865,302       871,078       896,950       1,321,563       409,783  

Transfers between funds

     1,160       755       (2,069,757 )      (570,509 )      (458,715 )      601,718       (554,649 )      (324,808 ) 

Redemptions (notes 2, 3, and 4)

     (4 )      -           (3,178,677 )      (2,471,263 )      (720,092 )      (890,349 )      (1,501,312 )      (1,850,854 ) 

Adjustments to maintain reserves

     (7 )      (1 )      335       (310 )      3,271       (392 )      1,721       (261 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     1,149       754       (4,697,991 )      (2,176,780 )      (304,458 )      607,927       (732,677 )      (1,766,140 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     3,508       3,062       (2,672,908 )      1,759,456       200,945       2,042,568       504,316       (940,028 ) 

Contract owners’ equity at beginning of period

     57,094       54,032       42,458,156       40,698,700       12,982,549       10,939,981       15,596,010       16,536,038  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 60,602       57,094       39,785,248       42,458,156       13,183,494       12,982,549       16,100,326       15,596,010  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     5,450       5,377       3,633,506       3,832,626       1,163,994       1,107,456       1,330,616       1,483,969  

Units purchased

     157       73       181,386       196,403       249,126       301,190       268,225       176,431  

Units redeemed

     (50 )      -           (604,580 )      (395,523 )      (288,421 )      (244,652 )      (341,796 )      (329,784 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     5,557       5,450       3,210,312       3,633,506       1,124,699       1,163,994       1,257,045       1,330,616  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    PMVFHA     PMVHYD     PMVIV     PMVLAD  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ 32,197       8,480       11,776       10,826       21,672       2,477       (1,469,131 )      4,497,268  

Realized gain (loss) on investments

     6,976       979       517       579       114       67       (3,411,418 )      (2,973,394 ) 

Change in unrealized gain (loss) on investments

     (8,301 )      26,435       4,386       20,633       39,231       3,187       9,543,778       7,513,362  

Reinvested capital gains

     -           4,505       -           -           1,310       -           -           -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     30,872       40,399       16,679       32,038       62,327       5,731       4,663,229       9,037,236  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     39,517       10,673       10,001       9,405       1,113,755       82,443       10,316,746       15,922,270  

Transfers between funds

     (139,911 )      14,971       36,725       (2,016 )      352,645       151,825       25,427,108       1,382,752  

Redemptions (notes 2, 3, and 4)

     (10,832 )      (16,357 )      (1,237 )      (17,262 )      (103 )      -           (37,048,496 )      (39,460,277 ) 

Adjustments to maintain reserves

     63       -           60       8       71       (25 )      (18,290 )      7,592  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     (111,163 )      9,287       45,549       (9,865 )      1,466,368       234,243       (1,322,932 )      (22,147,663 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     (80,291 )      49,686       62,228       22,173       1,528,695       239,974       3,340,297       (13,110,427 ) 

Contract owners’ equity at beginning of period

     678,593       628,907       256,990       234,817       257,017       17,043       382,314,612       395,425,039  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 598,302       678,593       319,218       256,990       1,785,712       257,017       385,654,909       382,314,612  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     53,592       52,907       19,301       20,123       23,677       1,696       33,581,573       35,595,616  

Units purchased

     9,264       9,828       5,347       1,358       136,272       22,528       9,041,727       6,226,123  

Units redeemed

     (18,003 )      (9,143 )      (1,859 )      (2,180 )      (1,834 )      (547 )      (9,238,915 )      (8,240,166 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     44,853       53,592       22,789       19,301       158,115       23,677       33,384,385       33,581,573  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    PMVRA     PMVRSD     PMVSTA     PMVTRD  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ 2,927       2,987       5,338       4,733       (218,811 )      547,938       1,862,832       4,965,756  

Realized gain (loss) on investments

     993       231       (3,719 )      (11,941 )      (289,238 )      (24,819 )      (612,281 )      (4,466,965 ) 

Change in unrealized gain (loss) on investments

     30,832       15,815       1,175       19,562       717,820       167,188       18,955,727       22,495,555  

Reinvested capital gains

     -           -           -           -           -           -           3,970,314       -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     34,752       19,033       2,794       12,354       209,771       690,307       24,176,592       22,994,346  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     198,323       27,743       -           47,078       7,269,633       11,238,019       21,985,939       23,515,787  

Transfers between funds

     5,541       (4,408 )      (14,934 )      (34,142 )      5,644,425       13,692,917       16,741,128       (18,748,641 ) 

Redemptions (notes 2, 3, and 4)

     (4,213 )      (15,993 )      (1,756 )      (19,317 )      (9,830,985 )      (5,819,389 )      (34,203,238 )      (30,929,752 ) 

Adjustments to maintain reserves

     44       10       11       (2 )      4,461       (244 )      41,271       1,000  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     199,695       7,352       (16,679 )      (6,383 )      3,087,534       19,111,303       4,565,100       (26,161,606 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     234,447       26,385       (13,885 )      5,971       3,297,305       19,801,610       28,741,692       (3,167,260 ) 

Contract owners’ equity at beginning of period

     265,577       239,192       123,184       117,213       69,148,806       49,347,196       363,492,228       366,659,488  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 500,024       265,577       109,299       123,184       72,446,111       69,148,806       392,233,920       363,492,228  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     26,395       25,651       20,926       22,048       6,714,306       4,846,128       31,717,096       34,163,917  

Units purchased

     21,303       3,826       2,155       10,251       3,443,545       3,561,834       8,397,388       5,074,102  

Units redeemed

     (3,019 )      (3,082 )      (4,698 )      (11,373 )      (3,178,693 )      (1,693,656 )      (8,147,058 )      (7,520,923 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     44,679       26,395       18,383       20,926       6,979,158       6,714,306       31,967,426       31,717,096  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    PVEIB     PVGOB     PVIGIB     PVTIGB  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ (13,079 )      13,337       (75,573 )      (41,863 )      (1,679 )      -           75,174       (23,221 ) 

Realized gain (loss) on investments

     (52,039 )      18,824       231,208       40,038       2,065       -           (751,407 )      112,274  

Change in unrealized gain (loss) on investments

     553,944       395,272       1,300,481       504,044       44,874       -           779,652       1,695,273  

Reinvested capital gains

     181,488       217,089       249,686       397,786       -           -           -           14,357  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     670,314       644,522       1,705,802       900,005       45,260       -           103,419       1,798,683  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     5,448,071       50,908       43,119       49,692       297,460       -           1,891,244       1,384,957  

Transfers between funds

     2,018,524       277,339       2,312,481       1,097,538       494,526       -           (7,123,103 )      8,329,577  

Redemptions (notes 2, 3, and 4)

     (473,618 )      (268,507 )      (512,063 )      (424,655 )      (889 )      -           (738,100 )      (345,492 ) 

Adjustments to maintain reserves

     105       (107 )      145       (46 )      (9 )      -           660       (185 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     6,993,082       59,633       1,843,682       722,529       791,088       -           (5,969,299 )      9,368,857  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     7,663,396       704,155       3,549,484       1,622,534       836,348       -           (5,865,880 )      11,167,540  

Contract owners’ equity at beginning of period

     2,895,953       2,191,798       3,782,197       2,159,663       -           -           18,098,499       6,930,959  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 10,559,349       2,895,953       7,331,681       3,782,197       836,348       -           12,232,619       18,098,499  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     222,349       215,922       208,365       160,245       -           -           889,855       412,873  

Units purchased

     655,345       45,844       193,045       122,201       70,369       -           185,989       547,749  

Units redeemed

     (101,864 )      (39,417 )      (105,329 )      (74,081 )      (8,376 )      -           (548,808 )      (70,767 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     775,830       222,349       296,081       208,365       61,993       -           527,036       889,855  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     HVSIT     ROCSC     TRHS2     VVGGS  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ (243,599 )      (277,767 )      1,188       713       (4,433,248 )      (4,176,964 )      3,838       (597 ) 

Realized gain (loss) on investments

      (1,124,226 )      (1,808,071 )      (8,793 )      (3,218 )      9,717,089       6,912,254       133,222       6,471  

Change in unrealized gain (loss) on investments

      2,241,899       2,319,589       (20,551 )      13,239       46,156,054       46,488,399       (48,044 )      36,774  

Reinvested capital gains

      1,147,365       3,438,461       3,672       31,345       18,506,482       12,324,903       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      2,021,439       3,672,212       (24,484)       42,079       69,946,377       61,548,592       89,016       42,648  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      42,708       60,551       -           -           22,552,047       11,808,198       536,145       235,684  

Transfers between funds

      (1,028,480 )      (123,352 )      (12,188 )      (405 )      (21,440,570 )      (11,873,081 )      26,023       (22,240 ) 

Redemptions (notes 2, 3, and 4)

      (1,889,748 )      (1,898,136 )      (7,653 )      (6,088 )      (22,663,254 )      (23,338,467 )      (93,943 )      -      

Adjustments to maintain reserves

      250       (273 )      1       1       1,428       687       (9 )      (9 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (2,875,270 )      (1,961,210 )      (19,840 )      (6,492 )      (21,550,349 )      (23,402,663 )      468,216       213,435  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (853,831 )      1,711,002       (44,324 )      35,587       48,396,028       38,145,929       557,232       256,083  

Contract owners’ equity at beginning of period

      17,486,105       15,775,103       270,882       235,295       281,969,098       243,823,169       256,083       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 16,632,274       17,486,105       226,558       270,882       330,365,126       281,969,098       813,315       256,083  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      814,651       898,461       17,421       17,884       6,515,519       7,141,535       20,955       -      

Units purchased

      103,633       153,761       234       98       1,169,946       805,556       111,499       23,243  

Units redeemed

      (228,219 )      (237,571 )      (1,894 )      (561 )      (1,696,977 )      (1,431,572 )      (64,571 )      (2,288 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      690,065       814,651       15,761       17,421       5,988,488       6,515,519       67,883       20,955  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    VWBF     VWEM     VWHA     VWHAS  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ 310,394       (61,964 )      93,175       (128,946 )      (38,805 )      (147,849 )      (184,848 )      (415,798 ) 

Realized gain (loss) on investments

     (404,312 )      (384,362 )      304,885       214,567       (1,057,079 )      (904,592 )      (2,482,287 )      (1,990,985 ) 

Change in unrealized gain (loss) on investments

     419,534       1,106,322       1,091,025       3,254,670       2,538,676       2,127,142       6,934,842       4,901,599  

Reinvested capital gains

     -           -           409,091       340,644       -           -           -           -      
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     325,616       659,996       1,898,176       3,680,935       1,442,792       1,074,701       4,267,707       2,494,816  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     32,832       64,702       57,851       179,673       37       44       1,370,607       1,612,198  

Transfers between funds

     (264,955 )      (138,451 )      (910,548 )      (223,573 )      (314,918 )      (319,210 )      49,982       710,838  

Redemptions (notes 2, 3, and 4)

     (466,249 )      (726,816 )      (1,614,221 )      (1,439,728 )      (915,913 )      (949,529 )      (1,859,168 )      (2,869,658 ) 

Adjustments to maintain reserves

     (416 )      526       (186 )      486       (66 )      19       165       (267 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     (698,788 )      (800,039 )      (2,467,104 )      (1,483,142 )      (1,230,860 )      (1,268,676 )      (438,414 )      (546,889 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     (373,172 )      (140,043 )      (568,928 )      2,197,793       211,932       (193,975 )      3,829,293       1,947,927  

Contract owners’ equity at beginning of period

     6,151,027       6,291,070       15,509,646       13,311,853       10,521,976       10,715,951       25,930,502       23,982,575  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ 5,777,855       6,151,027       14,940,718       15,509,646       10,733,908       10,521,976       29,759,795       25,930,502  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     253,821       288,142       493,694       546,069       597,024       689,947       4,531,754       4,611,558  

Units purchased

     18,733       4,861       10,780       76,917,185       39,396       8,542       1,859,425       2,286,179  

Units redeemed

     (50,323 )      (39,182 )      (93,611 )      (76,969,560 )      (127,291 )      (101,465 )      (1,943,223 )      (2,365,983 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     222,231       253,821       410,863       493,694       509,129       597,024       4,447,956       4,531,754  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     VYDS     VRVDRA     SVDF     SVOF  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ (699 )      (1,121 )      (467 )      22,838       (795 )      (662 )      (2,318 )      (2,765 ) 

Realized gain (loss) on investments

      23,576       1,348       (325,189 )      302       2,005       1,402       15,968       13,260  

Change in unrealized gain (loss) on investments

      (12,110 )      25,198       175,530       (188,998 )      22,455       8,145       16,242       26,132  

Reinvested capital gains

      9,744       9,023       32,823       188,784       4,668       4,819       19,832       30,229  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      20,511       34,448       (117,303)       22,926       28,333       13,704       49,724       66,856  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           846,314       621,237       509       (66 )      872       2,544  

Transfers between funds

      (177,930 )      -           (464,628 )      1,400,528       -           97       -           -      

Redemptions (notes 2, 3, and 4)

      (5,024 )      (2,015 )      (42,890 )      (14,347 )      (3,117 )      (2,555 )      (33,943 )      (30,326 ) 

Adjustments to maintain reserves

      18       (2 )      343,302       (343,320 )      (97 )      188       146       (521 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (182,936 )      (2,017 )      682,098       1,664,098       (2,705 )      (2,336 )      (32,925 )      (28,303 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (162,425 )      32,431       564,795       1,687,024       25,628       11,368       16,799       38,553  

Contract owners’ equity at beginning of period

      162,425       129,994       1,687,024       -           49,734       38,366       269,311       230,758  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ -           162,425       2,251,819       1,687,024       75,362       49,734       286,110       269,311  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      5,849       5,933       188,313       -           -           -           -           -      

Units purchased

      -           -           154,321       233,753       -           52       -           -      

Units redeemed

      (5,849 )      (84 )      (127,581 )      (45,440 )      -           (52 )      -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      -           5,849       215,053       188,313       -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     WFVOG2     WFVSCG     IVKMG2     GVDIVI  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ (231 )      (192 )      (1,623,663 )      (1,498,591 )      (66,859 )      (222,393 )      150,677       479,653  

Realized gain (loss) on investments

      78       (487 )      6,597,645       4,022,919       (4,628,635 )      (15,024 )      (1,076,727 )      (50,840 ) 

Change in unrealized gain (loss) on investments

      4,626       2,744       40,369,257       1,489,391       (211,614 )      2,204,699       606,641       (211,448 ) 

Reinvested capital gains

      1,205       1,609       5,832,761       15,459,225       4,067,445       2,168,599       -           92,297  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      5,678       3,674       51,176,000       19,472,944       (839,663)       4,135,881       (319,409)       309,662  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           7,695,940       5,557,842       (100,245 )      95,346       15,744       34,571  

Transfers between funds

      -           -           (9,117,686 )      (8,067,061 )      (13,612,814 )      (402,006 )      (1,827,936 )      70,926  

Redemptions (notes 2, 3, and 4)

      (12 )      (11,507 )      (10,580,292 )      (6,522,739 )      (595,013 )      (1,962,485 )      (180,150 )      (238,465 ) 

Adjustments to maintain reserves

      13       9       (42 )      (2 )      193,476       (289 )      (7,480 )      (51 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      1       (11,498 )      (12,002,080 )      (9,031,960 )      (14,114,596 )      (2,269,434 )      (1,999,822 )      (133,019 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      5,679       (7,824 )      39,173,920       10,440,984       (14,954,259 )      1,866,447       (2,319,231 )      176,643  

Contract owners’ equity at beginning of period

      13,839       21,663       96,594,462       86,153,478       14,954,259       13,087,812       2,319,231       2,142,588  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 19,518       13,839       135,768,382       96,594,462       -           14,954,259       -           2,319,231  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      403       850       2,719,852       2,983,354       740,367       856,633       230,954       245,331  

Units purchased

      -           -           712,997       470,810       31,667       126,620       29,632       19,745  

Units redeemed

      -           (447 )      (978,077 )      (734,312 )      (772,034 )      (242,886 )      (260,586 )      (34,122 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      403       403       2,454,772       2,719,852       -           740,367       -           230,954  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

    GVDIV2     NVMLV1     NVMLV2     NVLM2  
    2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                

Net investment income (loss)

   $ 3,780,193       10,951,298       12,371       627,463       174,976       16,019,792       (170,954 )      (28,638 ) 

Realized gain (loss) on investments

     (21,222,686 )      (1,279,662 )      (1,983,705 )      (104,926 )      (54,039,806 )      (1,428,375 )      (433,200 )      160,078  

Change in unrealized gain (loss) on investments

     10,584,849       (4,905,924 )      641,489       (84,902 )      17,609,902       (4,645,527 )      (699,184 )      1,743,424  

Reinvested capital gains

     -           2,114,428       949,299       246,664       27,160,406       5,625,297       1,120,928       323,936  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

     (6,857,644)       6,880,140       (380,546)       684,299       (9,094,522)       15,571,187       (182,410)       2,198,800  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

     690,755       1,394,422       17,181       53,182       2,099,876       3,478,788       576,558       992,895  

Transfers between funds

     (43,754,810 )      4,085,834       (2,471,408 )      (307,830 )      (71,270,134 )      3,841,155       (16,921,490 )      1,511,436  

Redemptions (notes 2, 3, and 4)

     (3,046,927 )      (5,938,346 )      (240,171 )      (398,783 )      (4,868,892 )      (6,258,174 )      (961,999 )      (1,078,893 ) 

Adjustments to maintain reserves

     (6,810 )      (461 )      51       (3,163 )      209       (192 )      (43 )      (115 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

     (46,117,792 )      (458,551 )      (2,694,347 )      (656,594 )      (74,038,941 )      1,061,577       (17,306,974 )      1,425,323  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

     (52,975,436 )      6,421,589       (3,074,893 )      27,705       (83,133,463 )      16,632,764       (17,489,384 )      3,624,123  

Contract owners’ equity at beginning of period

     52,975,436       46,553,847       3,074,893       3,047,188       83,133,463       66,500,699       17,489,384       13,865,261  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

   $ -           52,975,436       -           3,074,893       -           83,133,463       -           17,489,384  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                

Beginning units

     3,212,335       3,238,080       140,058       171,784       4,690,827       4,631,844       1,309,996       1,200,259  

Units purchased

     652,334       585,821       8,962       16,093       690,223       761,693       274,218       290,662  

Units redeemed

     (3,864,669 )      (611,566 )      (149,020 )      (47,819 )      (5,381,050 )      (702,710 )      (1,584,214 )      (180,925 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

     -           3,212,335       -           140,058       -           4,690,827       -           1,309,996  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     NVLCA2     AMTP  
     2020     2019     2020      2019  

Investment activity:

          

Net investment income (loss)

    $ (170,437 )      59,077       -            235  

Realized gain (loss) on investments

      (519,117 )      184,384       -            585  

Change in unrealized gain (loss) on investments

      (370,242 )      2,178,595       -            (2,350 ) 

Reinvested capital gains

      218,908       318,413       -            3,092  
  

 

 

    

 

 

    

 

 

     

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (840,888)       2,740,469       -            1,562  
  

 

 

    

 

 

    

 

 

     

 

 

  

Equity transactions:

          

Purchase payments received from contract owners (note 4)

      1,936,350       2,389,460       -            97  

Transfers between funds

      (23,428,639 )      4,619,970       -            (739 ) 

Redemptions (notes 2, 3, and 4)

      (371,961 )      (1,161,622 )      -            (438 ) 

Adjustments to maintain reserves

      (1,234 )      37,076       -            (13,860 ) 
  

 

 

    

 

 

    

 

 

     

 

 

  

Net equity transactions

      (21,865,484 )      5,884,884       -            (14,940 ) 
  

 

 

    

 

 

    

 

 

     

 

 

  

Net change in contract owners’ equity

      (22,706,372 )      8,625,353       -            (13,378 ) 

Contract owners’ equity at beginning of period

      22,706,372       14,081,019       -            13,378  
  

 

 

    

 

 

    

 

 

     

 

 

  

Contract owners’ equity at end of period

    $ -           22,706,372       -            -      
  

 

 

    

 

 

    

 

 

     

 

 

  

CHANGE IN UNITS:

          

Beginning units

      1,555,557       1,144,692       -            -      

Units purchased

      249,810       568,587       -            -      

Units redeemed

      (1,805,367 )      (157,722 )      -            -      
  

 

 

    

 

 

    

 

 

     

 

 

  

Ending units

      -           1,555,557       -            -      
  

 

 

    

 

 

    

 

 

     

 

 

  

 

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

(1) Background and Summary of Significant Accounting Policies

(a) Organization and Nature of Operations

The Nationwide Variable Account-II (the Separate Account) was established pursuant to a resolution of the Board of Directors of Nationwide Life Insurance Company (the Company) on October 7, 1981. The Separate Account is registered as a unit investment trust under the Investment Company Act of 1940. The Separate Account is an Investment Company and follows accounting and reporting guidance under Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 946, Financial Services – Investment Companies.

(b) The Contracts

The Separate Account offers variable annuity insurance benefits intended to serve the long-term saving needs of investors. The primary distribution for the contracts is through the brokerage community; however, other distributors are utilized. Contract features are described in the applicable prospectus.

With certain exceptions, contract owners in either the accumulation or payout phase may invest in any of the following:

 

AB FUNDS

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Balanced Wealth Strategy Portfolio: Class B (ALVBWB)

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class A (ALVDAA)

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class B (ALVDAB)

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Growth and Income Portfolio: Class B (ALVGIB)

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B (ALVIVB)

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class A (ALVSVA)

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class B (ALVSVB)

ALGER AMERICAN FUNDS

Alger Mid Cap Growth Portfolio: Class S Shares (ALMCS)

ALPS FUNDS

ALPS Variable Investment Trust - ALPS/Alerian Energy Infrastructure Portfolio: Class III (AAEIP3)

ALPS Variable Investment Trust - ALPS/Red Rocks Global Opportunity Portfolio: Class III (ARLPE3)

AMERICAN CENTURY INVESTORS, INC.

American Century Variable Portfolios, Inc. - American Century VP Balanced Fund: Class I (ACVB)

American Century Variable Portfolios, Inc. - American Century VP Capital Appreciation Fund: Class I (ACVCA)

American Century Variable Portfolios, Inc. - American Century VP International Fund: Class I (ACVI)

American Century Variable Portfolios, Inc. - American Century VP Disciplined Core Value Fund: Class I (ACVIG)

American Century Variable Portfolios, Inc. - American Century VP Disciplined Core Value Fund: Class II (ACVIG2)

American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class I (ACVIP1)

American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II (ACVIP2)

American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class I (ACVMV1)

American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class II (ACVMV2)

American Century Variable Portfolios, Inc. - American Century VP Value Fund: Class I (ACVV)*

American Century Variable Portfolios, Inc. - American Century VP Value Fund: Class II (ACVV2)

AMERICAN FUNDS GROUP (THE)

American Funds Insurance Series(R) - U.S. Government/AAA-Rated Securities Fund: Class 1 (AFGC)

American Funds Insurance Series(R) - Growth Fund: Class 1 (AFGF)

American Funds Insurance Series(R) - High-Income Bond Fund: Class 1 (AFHY)

American Funds Insurance Series(R) - Blue Chip Income and Growth Fund: Class 4 (AMVBC4)

American Funds Insurance Series(R) - Capital Income Builder(R): Class 4 (AMVCB4)

American Funds Insurance Series(R) - Global Small Capitalization Fund: Class 4 (AMVGS4)

American Funds Insurance Series(R) - International Fund: Class 4 (AMVI4)

American Funds Insurance Series(R) - New World Fund: Class 4 (AMVNW4)

American Funds Insurance Series(R) - Managed Risk Asset Allocation Fund: Class P2 (AVPAP2)

BLACKROCK FUNDS

BlackRock Variable Series Funds, Inc. - BlackRock Equity Dividend V.I. Fund: Class III (BRVED3)

BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III (BRVHY3)

BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III (BRVTR3)

BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III (MLVGA3)

BNY MELLON INVESTMENT MANAGEMENT

BNY Mellon Variable Investment Fund - Appreciation Portfolio: Initial Shares (DCAP)

BNY Mellon Variable Investment Fund - Appreciation Portfolio: Service Shares (DCAPS)

BNY Mellon Variable Investment Fund - Growth and Income Portfolio: Initial Shares (DGI)

BNY Mellon Stock Index Fund, Inc.: Initial Shares (DSIF)

BNY Mellon Stock Index Fund, Inc.: Service Shares (DSIFS)

BNY Mellon Sustainable U.S. Equity Portfolio, Inc.: Initial Shares (DSRG)

BNY Mellon Variable Investment Fund - Opportunistic Small Cap Portfolio: Service Shares (DVDLS)

BNY Mellon Investment Portfolios - MidCap Stock Portfolio: Service Shares (DVMCSS)

BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares (DVSCS)

CHARLES SCHWAB FUNDS

Schwab Government Money Market Portfolio(TM) (CHSMM)

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

COLUMBIA FUNDS MANAGEMENT COMPANY

Columbia Funds Variable Series Trust II - Columbia VP High Yield Bond Fund: Class 2 (CLVHY2)

DELAWARE FUNDS BY MACQUARIE

Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class (DWVSVS)

Delaware Variable Insurance Product Trust - Delaware VIP Value Series: Service Class (DWVVLS)

EATON VANCE FUNDS

Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class (ETVFR)

FEDERATED HERMES, INC.

Federated Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Primary Shares (FQB)

Federated Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Service Shares (FQBS)

Federated Hermes Insurance Series - Federated Hermes Managed Volatility Fund II: Service Shares (FVU2S)

FIDELITY INVESTMENTS

Fidelity Variable Insurance Products Fund - VIP Asset Manager Portfolio: Initial Class (FAMP)

Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2 (FB2)

Fidelity Variable Insurance Products Fund - VIP Contrafund(R) Portfolio: Service Class 2 (FC2)

Fidelity Variable Insurance Products Fund - VIP Contrafund(R) Portfolio: Initial Class (FCP)*

Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2 (FEI2)

Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Initial Class (FEIP)

Fidelity Variable Insurance Products - Emerging Markets Portfolio: Service Class 2 (FEMS2)

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class (FF10S)

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2 (FF10S2)

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class (FF20S)

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class 2 (FF20S2)

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class (FF30S)

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class 2 (FF30S2)

Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2 (FG2)

Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2 (FGI2)

Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Initial Class (FGP)

Fidelity Variable Insurance Products Fund - VIP High Income Portfolio: Initial Class (FHIP)

Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2 (FIGBP2)

Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class (FIGBS)

Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2 (FMC2)

Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class (FMCS)

Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2 (FNRS2)

Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class 2 (FO2)

Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Initial Class (FOP)

Fidelity Variable Insurance Products - VIP Real Estate Portfolio: Service Class 2 (FRESS2)

Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class (FVSS)

Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class 2 (FVSS2)

FRANKLIN TEMPLETON DISTRIBUTORS, INC.

Franklin Templeton Variable Insurance Products Trust - Templeton Developing Markets VIP Fund: Class 2 (FTVDM2)

Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2 (FTVFA2)

Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2 (FTVGI2)

Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2 (FTVIS2)

Franklin Templeton Variable Insurance Products Trust - Franklin Mutual Global Discovery VIP Fund: Class 2 (FTVMD2)

Franklin Templeton Variable Insurance Products Trust - Franklin Rising Dividends VIP Fund: Class 2 (FTVRD2)

Franklin Templeton Variable Insurance Products Trust - Franklin Strategic Income VIP Fund: Class 2 (FTVSI2)

Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2 (FTVSV2)

Franklin Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 2 (TIF2)

GOLDMAN SACHS ASSET MANAGEMENT GROUP

Goldman Sachs Variable Insurance Trust - Goldman Sachs Global Trends Allocation Fund: Service Shares (GVGMNS)

Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares (GVMSAS)

Goldman Sachs Variable Insurance Trust - Goldman Sachs Small Cap Equity Insights Fund: Service Shares (GVSSCS)

GUGGENHEIM INVESTMENTS

Guggenheim Variable Fund - Long Short Equity Fund (RSRF)

Guggenheim Variable Fund - Multi-Hedge Strategies (RVARS)

INVESCO INVESTMENTS

Invesco - Invesco V.I. American Franchise Fund: Series II Shares (ACEG2)

Invesco Variable Insurance Funds - Invesco V.I. Balanced-Risk Allocation Fund: Series I Shares (IVBRA1)

Invesco - Invesco V.I. Mid Cap Core Equity Fund: Series II Shares (IVMCC2)

Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund: Series I (OVAG)

Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund: Series II (OVAG2)

Invesco Oppenheimer V.I. Total Return Bond Fund: Series I (OVB)

Invesco Oppenheimer V.I. Main Street Fund: Series I (OVGI)

Invesco Oppenheimer V.I. Main Street Fund: Series II (OVGIS)

Invesco Oppenheimer V.I. Global Fund: Series I (OVGS)

Invesco Oppenheimer V.I. Global Fund: Series II (OVGSS)

Invesco Oppenheimer V.I. International Growth Fund: Series I (OVIG)

Invesco Oppenheimer V.I. International Growth Fund: Series II (OVIGS)

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

Invesco Oppenheimer V.I. Conservative Balanced Fund: Series I (OVMS)

Invesco Oppenheimer V.I. Global Strategic Income Fund: Series I (OVSB)

Invesco Oppenheimer V.I. Global Strategic Income Fund: Series II (OVSBS)

Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series I (OVSC)

Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series II (OVSCS)

IVY INVESTMENTS

Ivy Variable Insurance Portfolios - Asset Strategy: Class II (WRASP)

Ivy Variable Insurance Portfolios - Energy: Class II (WRENG)

Ivy Variable Insurance Portfolios - High Income: Class II (WRHIP)

Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II (WRMCG)

Ivy Variable Insurance Portfolios - Pathfinder Aggressive: Class II (WRPAP)

Ivy Variable Insurance Portfolios - Pathfinder Conservative: Class II (WRPCP)

Ivy Variable Insurance Portfolios - Pathfinder Moderately Aggressive: Class II (WRPMAP)

Ivy Variable Insurance Portfolios - Pathfinder Moderately Aggressive - Managed Volatility: Class II (WRPMAV)

Ivy Variable Insurance Portfolios - Pathfinder Moderately Conservative: Class II (WRPMCP)

Ivy Variable Insurance Portfolios - Pathfinder Moderately Conservative - Managed Volatility: Class II (WRPMCV)

Ivy Variable Insurance Portfolios - Pathfinder Moderate - Managed Volatility: Class II (WRPMMV)

Ivy Variable Insurance Portfolios - Pathfinder Moderate: Class II (WRPMP)

J.P. MORGAN INVESTMENT MANAGEMENT INC.

JPMorgan Insurance Trust - JPMorgan Insurance Trust Core Bond Portfolio: Class 2 (JPICB2)

JPMorgan Insurance Trust - JPMorgan Insurance Trust Mid Cap Value Portfolio: Class 1 (JPMMV1)

JANUS HENDERSON INVESTORS

Janus Aspen Series - Janus Henderson Balanced Portfolio: Service Shares (JABS)

Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares (JACAS)

Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares (JAFBS)

Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares (JAGTS)

Janus Aspen Series - Janus Henderson Overseas Portfolio: Service Shares (JAIGS)

Janus Aspen Series - Janus Henderson Enterprise Portfolio: Service Shares (JAMGS)

LAZARD FUNDS

Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares (LZREMS)

LORD ABBETT FUNDS

Lord Abbett Series Fund, Inc. - Short Duration Income Portfolio: Class VC (LOVSDC)

Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC (LOVTRC)

MAINSTAY FUNDS

MainStay VP Funds Trust - MainStay VP MacKay Convertible Portfolio: Service 2 Class (MNCPS2)

MASSACHUSETTS FINANCIAL SERVICES CO.

MFS(R) Variable Insurance Trust II - MFS Massachusetts Investors Growth Stock Portfolio: Service Class (M2IGSS)

MFS(R) Variable Insurance Trust - MFS New Discovery Series: Service Class (MNDSC)

MFS(R) Variable Insurance Trust II - MFS Research International Portfolio: Service Class (MV2RIS)

MFS(R) Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Service Class (MV3MVS)

MFS(R) Variable Insurance Trust II - MFS Blended Research(R) Core Equity Portfolio: Service Class (MVBRES)*

MFS(R) Variable Insurance Trust - MFS Value Series: Service Class (MVFSC)

MFS(R) Variable Insurance Trust II - MFS International Growth Portfolio: Service Class (MVIGSC)

MFS(R) Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Service Class (MVIVSC)

MFS(R) Variable Insurance Trust - MFS Total Return Bond Series: Service Class (MVRBSS)

MFS(R) Variable Insurance Trust - MFS Utilities Series: Service Class (MVUSC)

MERGER FUNDS

The Merger Fund VL - The Merger Fund VL (MGRFV)

MORGAN STANLEY

Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class I (MSEM)

Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class II (MSEMB)

Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II (MSGI2)

Morgan Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class II (MSVF2)

Morgan Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class I (MSVFI)

Morgan Stanley Variable Insurance Fund, Inc. - U.S. Real Estate Portfolio: Class I (MSVRE)

Morgan Stanley Variable Insurance Fund, Inc. - U.S. Real Estate Portfolio: Class II (MSVREB)

Morgan Stanley Variable Insurance Fund, Inc. - Global Real Estate Portfolio: Class II (VKVGR2)

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - DoubleLine NVIT Total Return Tactical Fund: Class II (DTRTFB)

Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class I (EIF)

Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class II (EIF2)

Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I (GBF)

Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class II (GBF2)

Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class I (GEM)

Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class II (GEM2)

Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class I (GIG)

Nationwide Variable Insurance Trust - American Funds NVIT Asset Allocation Fund: Class II (GVAAA2)

Nationwide Variable Insurance Trust - American Funds NVIT Bond Fund: Class II (GVABD2)

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

Nationwide Variable Insurance Trust - American Funds NVIT Global Growth Fund: Class II (GVAGG2)

Nationwide Variable Insurance Trust - American Funds NVIT Growth-Income Fund: Class II (GVAGI2)

Nationwide Variable Insurance Trust - American Funds NVIT Growth Fund: Class II (GVAGR2)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II (GVDMA)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II (GVDMC)

Nationwide Variable Insurance Trust - NVIT S&P 500 Index Fund: Class I (GVEX1)

Nationwide Variable Insurance Trust - NVIT S&P 500 Index Fund: Class II (GVEX2)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II (GVIDA)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II (GVIDC)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II (GVIDM)

Nationwide Variable Insurance Trust - NVIT International Index Fund: Class II (GVIX2)

Nationwide Variable Insurance Trust - NVIT International Index Fund: Class VIII (GVIX8)

Nationwide Variable Insurance Trust - Federated NVIT High Income Bond Fund: Class I (HIBF)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II (IDPG2)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II (IDPGI2)

Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I (MCIF)

Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class II (MCIF2)

Nationwide Variable Insurance Trust - Amundi NVIT Multi Sector Bond Fund: Class I (MSBF)

Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II (NAMAA2)

Nationwide Variable Insurance Trust - NVIT Managed American Funds Growth-Income Fund: Class II (NAMGI2)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II (NCPG2)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II (NCPGI2)

Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic(SM) Multi-Asset Fund: Class II (NJMMA2)

Nationwide Variable Insurance Trust - NVIT J.P. Morgan Disciplined Equity Fund: Class II (NJNDE2)

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class I (NVAMV1)

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class II (NVAMV2)

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class X (NVAMVX)

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class Z (NVAMVZ)

Nationwide Variable Insurance Trust - NVIT Bond Index Fund: Class I (NVBX)

Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class I (NVCBD1)

Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class II (NVCBD2)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class II (NVCCA2)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II (NVCCN2)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class II (NVCMA2)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II (NVCMC2)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II (NVCMD2)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class II (NVCRA2)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II (NVCRB2)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II (NVDBL2)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II (NVDCA2)

Nationwide Variable Insurance Trust - NVIT iShares Fixed Income ETF Fund: Class II (NVFIII)

Nationwide Variable Insurance Trust - NVIT iShares Global Equity ETF Fund: Class II (NVGEII)

Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II (NVIE6)

Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class II (NVLCP2)

Nationwide Variable Insurance Trust - BlackRock NVIT Managed Global Allocation Fund: Class II (NVMGA2)

Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class I (NVMIG1)

Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class II (NVMIG6)

Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class X (NVMIVX)

Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class Z (NVMIVZ)

Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class I (NVMLG1)

Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class II (NVMLG2)

Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class II (NVMM2)

Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class I (NVMMG1)

Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class II (NVMMG2)

Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class I (NVMMV1)

Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II (NVMMV2)

Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class I (NVNMO1)

Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class II (NVNMO2)

Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class I (NVNSR1)

Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class II (NVNSR2)

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class I (NVOLG1)

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class II (NVOLG2)

Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class I (NVRE1)

Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class II (NVRE2)

Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II (NVSIX2)

Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II (NVSTB2)

Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class I (NVTIV3)

Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I (SAM)

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class I (SCF)

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class II (SCF2)

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class I (SCGF)

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class II (SCGF2)

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class I (SCVF)

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class II (SCVF2)

Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class I (TRF)

Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class II (TRF2)

NEUBERGER & BERMAN MANAGEMENT, INC.

Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: I Class Shares (AMCG)

Neuberger Berman Advisers Management Trust - International Equity Portfolio: S Class Shares (AMINS)

Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: S Class Shares (AMMCGS)

Neuberger Berman Advisers Management Trust - Sustainable Equity Portfolio: Class I Shares (AMSRS)

Neuberger Berman Advisers Management Trust - Short Duration Bond Portfolio: I Class Shares (AMTB)

NORTHERN LIGHTS

Northern Lights Variable Trust - TOPS Managed Risk Balanced ETF Portfolio: Class 4 (NOTB4)

Northern Lights Variable Trust - TOPS Managed Risk Growth ETF Portfolio: Class 4 (NOTG4)

Northern Lights Variable Trust - TOPS Managed Risk Moderate Growth ETF Portfolio: Class 4 (NOTMG4)

PIMCO FUNDS

PIMCO Variable Insurance Trust - Dynamic Bond Portfolio: Advisor Class (PMUBA)

PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor Class (PMVAAD)

PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Advisor Class (PMVEBD)

PIMCO Variable Insurance Trust - International Bond Portfolio (unhedged): Advisor Class (PMVFAD)

PIMCO Variable Insurance Trust - International Bond Portfolio (U.S. Dollar-Hedged): Administrative Class (PMVFHA)

PIMCO Variable Insurance Trust - International Bond Portfolio (U.S. Dollar-Hedged): Advisor Class (PMVFHV)*

PIMCO Variable Insurance Trust - High Yield Portfolio: Advisor Class (PMVHYD)

PIMCO Variable Insurance Trust - Income Portfolio: Advisor Class (PMVIV)

PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class (PMVLAD)

PIMCO Variable Insurance Trust - Real Return Portfolio - Advisor Class (PMVRA)

PIMCO Variable Insurance Trust - CommodityRealReturn(R) Strategy Portfolio: Advisor Class (PMVRSD)

PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class (PMVSTA)

PIMCO Variable Insurance Trust - Total Return Portfolio: Advisor Class (PMVTRD)

PUTNAM INVESTMENTS

Putnam Variable Trust - Putnam VT Equity Income Fund: Class IB (PVEIB)

Putnam Variable Trust - Putnam VT Growth Opportunities Fund: Class IB (PVGOB)

Putnam Variable Trust - Putnam VT International Value Fund: Class IB (PVIGIB)

Putnam Variable Trust - Putnam VT International Equity Fund: Class IB (PVTIGB)

RATIONAL FUNDS

Mutual Fund and Variable Insurance Trust - Rational Insider Buying VA Fund (HVSIT)

ROYCE CAPITAL FUNDS

Royce Capital Fund - Royce Small-Cap Portfolio: Investment Class (ROCSC)

T. ROWE PRICE

T. Rowe Price Equity Series, Inc. - T. Rowe Price Equity Income Portfolio: II (TREI2)*

T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II (TRHS2)

VAN ECK ASSOCIATES CORPORATION

VanEck VIP Trust - VanEck VIP Global Gold Fund: Class S (VVGGS)

VanEck VIP Trust - Emerging Markets Bond Fund: Initial Class (VWBF)

VanEck VIP Trust - Emerging Markets Fund: Initial Class (VWEM)

VanEck VIP Trust - Global Hard Assets Fund: Initial Class (VWHA)

VanEck VIP Trust - Global Hard Assets Fund: Class S (VWHAS)

VICTORY FUNDS

Victory Variable Insurance Funds - Diversified Stock Fund: Class A Shares (VYDS)*

VIRTUS MUTUAL FUNDS

Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class A (VRVDRA)

WELLS FARGO FUNDS

Wells Fargo Variable Trust - VT Discovery Fund: Class 2 (SVDF)

Wells Fargo Variable Trust - VT Opportunity Fund: Class 2 (SVOF)

Wells Fargo Variable Trust - VT Index Asset Allocation Fund: Class 2 (WFVAA)*

Wells Fargo Variable Trust - VT Omega Growth Fund: Class 2 (WFVOG2)

Wells Fargo Variable Trust - VT Small Cap Growth Fund: Class 2 (WFVSCG)

 

  *

At December 31, 2020, contract owners were not invested in this fund.

The contract owners’ equity is affected by the investment results of each fund, equity transactions by contract owners and certain contract expenses (see note 2). 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.

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

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.

A purchase payment could be presented as a negative equity transaction in the Statements of Changes in Contract Owners’ Equity if a prior period purchase payment is refunded to a contract owner due to a contract cancellation during the free look period, and/or if a gain is realized by the contract owner during the free look period.

The Company allocates purchase payments to subaccounts and/or the fixed account as instructed by the contract owner. Shares of the subaccounts are purchased at Net Asset Value, then converted into accumulation units. Certain transactions may be subject to conditions imposed by the underlying mutual funds, as well as those set forth in the contract.

Unless listed below, the financial statements presented are as of December 31, 2020 and for each of the years in the two-year period ended December 31, 2020. For the subaccounts listed below with inception or liquidation dates in 2020, the financial statements are as of December 31, 2020 and for the period from the inception date to December 31, 2020 or from January 1, 2020 to the liquidation date. For the subaccounts listed below with inception or liquidation dates in 2019, the financial statements are as of December 31, 2020 and for the period from inception date to December 31, 2019 or from January 1, 2019 to the liquidation date:

 

     Inception Date      Liquidation Date  

American Funds Insurance Series(R) - New World Fund: Class 4 (AMVNW4)

      11/19/2020     

Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class X (NVMIVX)

      1016/2020     

Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class Z (NVMIVZ)

      10/16/2020     

Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class II (NVMM2)

      9/14/2020     

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class X (NVAMVX)

      9/11/2020     

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class Z (NVAMVZ)

      9/11/2020     

Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class II (GBF2)

      8/18/2020     

Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class II (MCIF2)

      7/1/2020     

MFS(R) Variable Insurance Trust - MFS Total Return Bond Series: Service Class (MVRBSS)

      7/1/2020     

Putnam Variable Trust - Putnam VT International Value Fund: Class IB (PVIGIB)

      6/4/2020     

Nationwide Variable Insurance Trust - NVIT S&P 500 Index Fund: Class I (GVEX1)

      5/19/2020     

MFS(R) Variable Insurance Trust II - MFS Research International Portfolio: Service Class (MV2RIS)

      5/19/2020     

MFS(R) Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Service Class (MV3MVS)

      5/5/2020     

Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund: Series II (OVAG2)

      4/30/2020     

Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic(SM) Multi-Asset Fund: Class II (NJMMA2)

      10/22/2019     

Nationwide Variable Insurance Trust - NVIT J.P. Morgan Disciplined Equity Fund: Class II (NJNDE2)

      10/22/2019     

JPMorgan Insurance Trust - JPMorgan Insurance Trust Core Bond Portfolio: Class 2 (JPICB2)

      10/15/2019     

MFS(R) Variable Insurance Trust II - MFS International Growth Portfolio: Service Class (MVIGSC)

      5/20/2019     

Nationwide Variable Insurance Trust - NVIT iShares Global Equity ETF Fund: Class II (NVGEII)

      5/20/2019     

Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class A (VRVDRA)

      5/16/2019     

Nationwide Variable Insurance Trust - NVIT iShares Fixed Income ETF Fund: Class II (NVFIII)

      5/13/2019     

VanEck VIP Trust - VanEck VIP Global Gold Fund: Class S (VVGGS)

      2/1/2019     

Neuberger Berman Advisers Management Trust - Large Cap Value Portfolio: Class I (AMTP)

         4/30/2019  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

For the one-year period ended December 31, 2020, the following subaccount mergers occurred. The subaccounts that were acquired during the year are no longer available as of December 31, 2020.

 

Acquired

Subaccount

Abbreviation

   

Acquired Subaccount

   

Acquiring
Subaccount
Abbreviation

   

Acquiring Subaccount

    Effective Date

IVKMG2

    Invesco - Invesco V.I. Mid Cap Growth Fund: Series II Shares    OVAG2    Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund: Series II        4/30/2020  

GVDIVI

    Nationwide Variable Insurance Trust - NVIT Multi-Manager International Value Fund: Class I    NVMIVX    Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class X        10/16/2020  

GVDIV2

    Nationwide Variable Insurance Trust - NVIT Multi-Manager International Value Fund: Class II    NVMIVZ    Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class Z        10/16/2020  

NVLCA2

    Nationwide Variable Insurance Trust - NVIT DFA Capital Appreciation Fund: Class II    NVDCA2    Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II        10/23/2020  

NVLM2

    Nationwide Variable Insurance Trust - NVIT DFA Moderate Fund: Class II    GVIDM    Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II        10/23/2020  

NVMLV1

    Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class I    NVAMVX    Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class X        9/11/2020  

NVMLV2

    Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class II    NVAMVZ    Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class Z        9/11/2020  

For the one-year period ended December 31, 2020, the following subaccount name changes occurred:

 

Subaccount
Abbreviation

   

Current Legal Name

   

Prior Legal Name

    Effective Date
ARLPE3    ALPS Variable Investment Trust - ALPS/Red Rocks Global Opportunity Portfolio: Class III    ALPS Variable Investment Trust - ALPS/Red Rocks Listed Private Equity Portfolio: Class III        5/1/2020  
ACVIG    American Century Variable Portfolios, Inc. - American Century VP Disciplined Core Value Fund: Class I    American Century Variable Portfolios, Inc. - American Century VP Income & Growth Fund: Class I        9/25/2020  
ACVIG2    American Century Variable Portfolios, Inc. - American Century VP Disciplined Core Value Fund: Class II    American Century Variable Portfolios, Inc. - American Century VP Income & Growth Fund: Class II        9/25/2020  
FQB    Federated Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Primary Shares    Federated Insurance Series - Federated Quality Bond Fund II: Primary Shares        5/1/2020  
FQBS    Federated Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Service Shares    Federated Insurance Series - Federated Quality Bond Fund II: Service Shares        5/1/2020  
FVU2S    Federated Hermes Insurance Series - Federated Hermes Managed Volatility Fund II: Service Shares    Federated Insurance Series - Federated Managed Volatility Fund II: Service Shares        5/1/2020  
JABS    Janus Aspen Series - Janus Henderson Balanced Portfolio: Service Shares    Janus Henderson VIT Balanced Portfolio: Service Shares        5/1/2020  
JACAS    Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares    Janus Henderson VIT Forty Portfolio: Service Shares        5/1/2020  
JAFBS    Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares    Janus Henderson VIT Flexible Bond Portfolio: Service Shares        5/1/2020  
JAGTS    Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares    Janus Henderson VIT Global Technology Portfolio: Service Shares        5/1/2020  
JAIGS    Janus Aspen Series - Janus Henderson Overseas Portfolio: Service Shares    Janus Henderson VIT Overseas Portfolio: Service Shares        5/1/2020  
JAMGS    Janus Aspen Series - Janus Henderson Enterprise Portfolio: Service Shares    Janus Henderson VIT Enterprise Portfolio: Service Shares        5/1/2020  
NCPG2    Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II    Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Managed Growth Fund: Class II        5/1/2020  
NCPGI2    Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II    Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Managed Growth & Income Fund: Class II        5/1/2020  
NVAMV1    Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class I    Nationwide Variable Insurance Trust - American Century NVIT Multi Cap Value Fund: Class I        5/1/2020  
NVAMV2    Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class II    Nationwide Variable Insurance Trust - American Century NVIT Multi Cap Value Fund: Class II        5/1/2020  
NVCCA2    Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class II    Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Capital Appreciation Fund: Class II        5/1/2020  
NVCCN2    Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II    Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Conservative Fund: Class II        5/1/2020  
NVCMA2    Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class II    Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderately Aggressive Fund: Class II        5/1/2020  
NVCMC2    Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II    Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderately Conservative Fund: Class II        5/1/2020  
NVCMD2    Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II    Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderate Fund: Class II        5/1/2020  
NVCRA2    Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class II    Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Aggressive Fund: Class II        5/1/2020  
NVCRB2    Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II    Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Balanced Fund: Class II        5/1/2020  
NVMIG1    Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class I    Nationwide Variable Insurance Trust - NVIT Multi-Manager International Growth Fund: Class I        5/1/2020  
NVMIG6    Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class II    Nationwide Variable Insurance Trust - NVIT Multi-Manager International Growth Fund: Class II        5/1/2020  
NVMLG1    Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class I    Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Growth Fund: Class I        1/21/2020  
NVMLG2    Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class II    Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Growth Fund: Class II        1/21/2020  
NVMMG1    Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class I    Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Growth Fund: Class I        1/21/2020  
NVMMG2    Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class II    Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Growth Fund: Class II        1/21/2020  
NVNSR1    Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class I    Nationwide Variable Insurance Trust - Neuberger Berman NVIT Socially Responsible Fund: Class I        5/1/2020  
NVNSR2    Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class II    Nationwide Variable Insurance Trust - Neuberger Berman NVIT Socially Responsible Fund: Class II        5/1/2020  
NVOLG1    Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class I    Nationwide Variable Insurance Trust - NVIT Dynamic U.S. Growth Fund: Class I        5/1/2020  
NVOLG2    Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class II    Nationwide Variable Insurance Trust - NVIT Dynamic U.S. Growth Fund: Class II        5/1/2020  
NVTIV3    Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class I    Nationwide Variable Insurance Trust - Templeton NVIT International Value Fund: Class I        5/1/2020  
TRF    Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class I    Nationwide Variable Insurance Trust - NVIT Nationwide Fund: Class I        5/1/2020  
TRF2    Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class II    Nationwide Variable Insurance Trust - NVIT Nationwide Fund: Class II        5/1/2020  
VWBF    VanEck VIP Trust - Emerging Markets Bond Fund: Initial Class    VanEck VIP Trust - Unconstrained Emerging Markets Bond Fund: Initial Class        5/1/2020  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

(c) Security Valuation, Transactions and Related Investment Income

Investments in underlying mutual funds are valued at the closing Net Asset Value per share at December 31, 2020 of such funds. The cost of investments sold is determined on a first in - first out basis. Investment transactions are accounted for on the trade date (date the order to buy or sell is executed), and dividends and capital gain distributions are accrued as of the ex-dividend date and are reinvested in the underlying mutual funds.

(d) Federal Income Taxes

Operations of the Separate Account form a part of, and are taxed with, operations of the Company which is taxed as a life insurance company under the Internal Revenue Code. The Company does not provide for income taxes within the Separate Account. Taxes are generally 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 U.S. generally accepted accounting principles 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.

(f) Calculation of Annuity Reserves

At each financial reporting date, the Separate Account financial statements include an aggregate amount of net assets allocated to future contract benefits for the contracts in the payout (annuitization) period. The payout (annuitization) period begins when amounts accumulated under the contract (the contract value) are applied according to the payment method selected by the contract owner.

Annuity reserves are computed for contracts in the variable payout stage according to industry standard mortality tables. The assumed investment return is 3.5% unless the annuitant elects otherwise, in which case the rate may vary from 3.5% to 6%, as regulated by the laws of the respective states. The mortality risk is fully borne by the Company and may result in additional amounts being transferred into the Separate Account by the Company to cover greater longevity of annuitants than expected. Conversely, if reserves exceed amounts required, transfers may be made to the Company.

(g) COVID-19

Equity and financial markets have experienced significant volatility and interest rates have experienced significant declines primarily driven by the COVID-19 pandemic. These conditions have and may continue to impact the Company’s operations and financial condition. The extent to which the COVID-19 pandemic may impact the Company’s operations and financial condition will depend on future developments which are evolving and uncertain.

(h) Subsequent Events

The company evaluated subsequent events through the date the financial statements were available to be issued with the Securities and Exchange Commission, and no subsequent events have occurred requiring accrual or disclosures.

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

(2) Expenses

The Separate Account assesses charges associated with the contract. These charges are either assessed as a direct reduction in unit values or through a redemption of units from the subaccounts contained within the Separate Account. The assessment of charges varies based on the contract and any additional riders or benefits elected. The additional riders or benefits and related charges specific to each contract are described in detail in the applicable prospectus. Maximum variable account charges for contracts offered through the Separate Account range from 0.80% to 4.75%.

 

Contract Charges
Recurring Variable Account Charges - assessed through a reduction in unit values    Equal, on an annualized basis, to 0.40% - 1.85% of the daily value of the allocations to the underlying fund options
Contract Maintenance Charge - assessed through a redemption in unit values    Up to $30 annually
Contingent Deferred Sales Charge - assessed on the amount of purchase payment surrendered    0.00% - 8.00%
Maximum Contingent Deferred Sales Charge Period    8 years
Rider Charges - annualized and assessed through either a reduction in unit value or the redemption of units
One-Month Enhanced Death Benefit Option    0.20% - 0.35%
One-Month Enhanced Death Benefit Option II    0.20% - 0.35%
One-Year Enhanced Death Benefit Option    0.10% - 0.20%
One-Year Enhanced Death Benefit Option II    0.15% - 0.20%
Combination Enhanced Death Benefit Option    0.30% - 0.65%
Combination Enhanced Death Benefit Option II    0.35% - 0.65%
Combination Enhanced Death Benefit Option III    0.65%
Return of Premium    0.10%
Return of Premium Death Benefit with Spousal Protection    0.20%
Beneficiary Protector II Option    0.35%
3% Extra Value Credit Option    0.10% - 0.45%
4% Extra Value Credit Option    0.25% - 0.40%
5% Extra Value Credit Option    0.45% - 0.70%
Capital Preservation Plus Option    0.50%
Capital Preservation Plus Lifetime Income Option    1.00%
Guaranteed Lifetime Withdrawal Fee    0.60%
Spousal Continuation Option Fee    0.10%
Spousal Protection Annuity Option    0.10% - 0.20%
Spousal Protection Annuity Option II    0.20%
No CDSC Option    0.25% - 0.55%
Four Year CDSC Option    0.20% - 0.50%
Reduced CDSC Option (“Liquidity Option”)    0.50%
Highest Anniversary Value Death Benefit Option    0.40%
Highest Anniversary Value Death Benefit Option with Spousal Protection    0.50%
Rider Charges - assessed annually as a percentage of the rider’s benefit base through a redemption of units
5% Nationwide Lifetime Income Rider    1.00%
7% Nationwide Lifetime Income Rider    1.00% - 1.50%
10% Nationwide Lifetime Income Rider    1.20%
Nationwide Lifetime Income Capture Option    1.50%
Nationwide Lifetime Income Track Option    1.50%
5% Joint Option for the Nationwide Lifetime Income Rider    0.15%
7% Joint Option for the Nationwide Lifetime Income Rider    0.15% - 0.40%
10% Joint Option for the Nationwide Lifetime Income Rider    0.30%
Joint Option for the Nationwide Lifetime Income Capture Option    0.40%
Joint Option for the Nationwide Lifetime Income Track Option    0.40%
Nationwide Lifetime Income Rider Plus Core    1.50%
Joint Option for Nationwide Lifetime Income Rider Plus Core    0.40%
Nationwide Lifetime Income Rider Plus Accelerated    1.50%
Joint Option for Nationwide Lifetime Income Rider Plus Accelerated    0.40%
Nationwide Lifetime Income Rider Plus Max    1.50%
Joint Option for Nationwide Lifetime Income Rider Plus Max    0.40%

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

(3) Annuity Benefits

Annuity benefit proceeds result in a redemption of the policy value from the Separate Account and payment of those proceeds, less any outstanding policy loans (and policy charges), to the legal beneficiary. For last survivor flexible premium policies, the proceeds are payable on the death of the last surviving insured. In the event that the guaranteed death benefit exceeds the policy value on the date of death, the excess is paid by the Company’s general account.

(4) Related Party Transactions

The Company performs various services on behalf of the mutual fund companies in which the Separate Account invests and may receive fees for the services performed. These services include, among other things, shareholder communications, postage, fund transfer agency and various other record keeping and customer service functions. These fees are paid to an affiliate of the Company.

Contract owners may, with certain restrictions, transfer their assets between the Separate Account and a fixed dollar contract (fixed account) maintained in the accounts of the Company. The fixed account assets are not reflected in the accompanying financial statements. In addition, the Separate Account portion of contract owner loans is transferred to the accounts of the Company for administration and collection. Loan repayments are transferred to the Separate Account at the direction of the contract owner. For the years ended December 31, 2020 and 2019, total transfers to the Separate Account from the fixed account were $395,141,048 and $428,008,685, respectively, and total transfers from the Separate Account to the fixed account were $177,646,483 and $148,335,147, respectively. Transfers from the Separate Account to the fixed account are included in redemptions, and transfers to the Separate Account from the fixed account are included in purchase payments received from contract owners, as applicable, on the accompanying Statements of Changes in Contract Owners’ Equity.

(5) Fair Value Measurement

FASB ASC 820, Fair Value Measurements and Disclosures, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the Separate Account generally uses the market approach as the valuation technique due to the nature of the mutual fund investments offered in the Separate Account. This technique maximizes the use of observable inputs and minimizes the use of unobservable inputs.

In accordance with FASB ASC 820, the Separate Account categorized its financial instruments into a three-level hierarchy based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument in its entirety.

The Separate Account categorizes financial assets recorded at fair value as follows:

 

  •  

Level 1 – Unadjusted quoted prices accessible in active markets and mutual funds where the value per share (unit) is determined and published and is the basis for current transactions for identical assets or liabilities at the measurement date.

 

  •  

Level 2 – Unadjusted quoted prices for similar assets or liabilities in active markets or inputs (other than quoted prices) that are observable or that are derived principally from or corroborated by observable market data through correlation or other means.

 

  •  

Level 3 – Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. Inputs reflect management’s best estimate about the assumptions market participants would use at the measurement date in pricing the asset or liability. Consideration is given to the risk inherent in both the method of valuation and the valuation inputs.

The following table summarizes assets measured at fair value on a recurring basis as of December 31, 2020:

 

     Level 1      Level 2      Level 3      Total  

Separate Account Investments

    $ 59,291,266,825      $ -          $ -          $ 59,291,266,825  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

The cost of purchases and proceeds from sales of Investments for the year ended December 31, 2020 are as follows:

 

Subaccount

Abbreviation*

    Purchases of
Investments		      Sales of
Investments		  

ALVBWB

    $ 17,323      $ 5,673  

ALVDAA

      6,831        323  

ALVDAB

      479,301        1,426,385  

ALVGIB

      364,752        887,307  

ALVIVB

      533,180        217,892  

ALVSVA

      66,101        171,842  

ALVSVB

      15,984,667        12,409,005  

ALMCS

      471,518        396,229  

AAEIP3

      10,186        1,216  

ARLPE3

      88,116        677  

ACVB

      2,585,446        5,154,223  

ACVCA

      4,571        3,855  

ACVI

      919        1,493  

ACVIG

      1,217,734        1,410,370  

ACVIG2

      308,506        510,152  

ACVIP1

      305,587        405,743  

ACVIP2

      41,784,899        48,110,027  

ACVMV1

      864,067        2,089,475  

ACVMV2

      14,362,228        19,932,957  

ACVV2

      3,187,953        184,965  

AFGC

      175,556        88,093  

AFGF

      565,258        1,100,919  

AFHY

      453,161        433,515  

AMVBC4

      557,881        237,898  

AMVCB4

      26,331        789  

AMVGS4

      60,465        82,784  

AMVI4

      36,734        260,443  

AMVNW4

      54,467        17  

AVPAP2

      39,514,575        84,446,416  

BRVED3

      33,706,918        32,977,745  

BRVHY3

      20,529,358        32,705,200  

BRVTR3

      101,073,494        49,189,620  

MLVGA3

      29,802,904        41,175,101  

DCAP

      3,082,377        5,194,621  

DCAPS

      10,671,333        21,678,828  

DGI

      1,264,974        1,931,572  

DSIF

      16,990,664        23,049,202  

DSIFS

      13,099,008        25,709,523  

DSRG

      1,168,511        4,271,312  

DVDLS

      89,162        219,309  

DVMCSS

      5,211,116        5,781,898  

DVSCS

      8,074,007        11,521,196  

CHSMM

      9,510,890        8,012,078  

CLVHY2

      12,487,248        15,665,913  

DWVSVS

      13,049,714        9,765,370  

DWVVLS

      312,145        487,646  

ETVFR

      4,908,043        17,199,215  

FQB

      623,739        599,223  

FQBS

      1,499,535        2,548,111  

FVU2S

      80,469        108,618  

FAMP

      2,676,186        8,348,367  

FB2

      138,638,111        78,522,262  

FC2

      48,229,733        3,215,173  

FEI2

      32,041,742        33,464,215  

FEIP

      15,920,252        26,034,224  

FEMS2

      16,897,544        1,027,407  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

FF10S

      1,316,723        996,031  

FF10S2

      46,258,683        28,935,155  

FF20S

      1,502,004        2,393,820  

FF20S2

      30,606,871        43,760,677  

FF30S

      2,213,000        1,602,313  

FF30S2

      11,548,454        8,104,208  

FG2

      115,185,101        70,372,906  

FGI2

      147,347,406        55,747,858  

FGP

      45,222,382        45,351,588  

FHIP

      4,616,780        6,834,128  

FIGBP2

      207,247,242                    110,271,151  

FIGBS

      3,713,209        2,794,558  

FMC2

      16,504,783        50,259,606  

FMCS

      523,167        2,888,133  

FNRS2

      14,947,719        14,741,929  

FO2

      6,191,872        16,008,816  

FOP

      699,777        5,432,403  

FRESS2

      3,389,729        3,159,336  

FVSS

      458,333        656,120  

FVSS2

      465,025        656,806  

FTVDM2

      984,077        2,139,085  

FTVFA2

      31,539,219        17,684,037  

FTVGI2

      10,186,572        15,079,279  

FTVIS2

      41,450,625        56,573,851  

FTVMD2

      221,275        612,021  

FTVRD2

      2,840,980        7,471,479  

FTVSI2

      355,091        172,446  

FTVSV2

      12,666,044        14,384,083  

TIF2

      2,845,424        3,762,864  

GVGMNS

      494,901        1,265,869  

GVMSAS

      505,916        247,977  

GVSSCS

      79,344        128,172  

RSRF

      529        123  

RVARS

      4,487,800        5,445,435  

ACEG2

      2,070,573        1,904,684  

IVBRA1

      78,591        10,812  

IVMCC2

      4,000,518        2,278,590  

OVAG

      1,678,910        2,384,953  

OVAG2

      14,781,195        3,394,901  

OVB

      3,757,617        2,656,546  

OVGI

      2,068,439        2,103,702  

OVGIS

      25,324,134        37,043,057  

OVGS

      5,658,635        15,532,008  

OVGSS

      6,121,526        20,495,027  

OVIG

      146,525        396,647  

OVIGS

      6,886,727        11,055,637  

OVMS

      2,228,967        2,592,861  

OVSB

      152,637        246,567  

OVSBS

      450,421        1,538,142  

OVSC

      992,909        1,357,267  

OVSCS

      13,897,018        21,151,150  

WRASP

      5,611,101        23,819,394  

WRENG

      124,537        51,639  

WRHIP

      5,494,790        12,932,176  

WRMCG

      47,094,958        28,828,962  

WRPAP

      1,495        63  

WRPCP

      2,034,863        548,869  

WRPMAP

      6,931,691        12,389,886  

WRPMAV

      554,160        1,185,559  

WRPMCP

      533,480        449,253  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

WRPMCV

      134,480        583,443  

WRPMMV

      390,442        629,790  

WRPMP

      2,541,353        4,371,371  

JPICB2

      16,411,511        443,002  

JPMMV1

      790,680        1,797,615  

JABS

      719,246        1,394,921  

JACAS

      15,144,762        32,211,278  

JAFBS

      30,663,013        12,718,514  

JAGTS

      65,152,502        49,664,247  

JAIGS

      916,500        5,928,743  

JAMGS

      718,164        650,231  

LZREMS

      4,569,849        4,105,585  

LOVSDC

      842,234        307,616  

LOVTRC

      19,171,537        8,754,671  

MNCPS2

      128,489        9,045  

M2IGSS

      799,177        1,495,693  

MNDSC

      22,861,437        19,598,150  

MV2RIS

      1,894,740        4,861  

MV3MVS

      6,184,415        2,513,594  

MVFSC

      43,993,919        41,817,304  

MVIGSC

      10,882,621        897,577  

MVIVSC

      16,348,398        46,071,848  

MVRBSS

      296,737        167  

MVUSC

      33,649        25,201  

MGRFV

      16        708  

MSEM

      52,809        166,607  

MSEMB

      27,692        77,260  

MSGI2

      1,468,304        2,263,276  

MSVF2

      3,418,182        4,487,968  

MSVFI

      1,763,400        2,141,324  

MSVRE

      1,538        2,230  

MSVREB

      81        456  

VKVGR2

      47,854        45,974  

DTRTFB

      20,993,901        18,815,290  

EIF

      1,074,656        461,537  

EIF2

      63,711,257        24,286,435  

GBF

      105,198,830        98,274,822  

GBF2

      495,814        239,457  

GEM

      602,988        1,654,026  

GEM2

      3,373,111        8,354,179  

GIG

      461,653        1,566,566  

GVAAA2

      681,923,349                    560,308,608  

GVABD2

      564,903,583        474,097,626  

GVAGG2

      42,534,564        57,686,309  

GVAGI2

      679,611,143        488,100,909  

GVAGR2

      185,591,042        116,028,906  

GVDMA

      47,636,900        78,507,835  

GVDMC

      26,747,508        79,841,424  

GVEX1

      636,466        8,553  

GVEX2

      212,755,222        65,923,529  

GVIDA

      32,388,728        18,562,080  

GVIDC

      166,965,402        113,336,818  

GVIDM

      130,041,469        256,828,848  

GVIX2

      1,888,103        1,292,917  

GVIX8

      16,863,069        8,900,878  

GVDIV2

      10,402,936        52,741,098  

GVDIVI

      385,962        2,235,158  

IVKMG2

      4,518,647        14,632,950  

NVLCA2

      3,178,582        24,958,561  

NVLM2

      4,297,446        20,654,558  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

NVMLV1

      1,133,776        2,866,502  

NVMLV2

      34,831,564        81,535,332  

OVCAFS

      61,569        59,616  

HIBF

      25,238,406        27,985,879  

IDPG2

      33,021,738        53,998,376  

IDPGI2

      12,948,079        26,405,044  

MCIF

      39,468,311        26,621,547  

MCIF2

      736,946        1,176  

MSBF

      26,324,670        29,832,381  

NAMAA2

      233,527,684        64,774,418  

NAMGI2

      117,303,726        53,300,443  

NCPG2

      21,322,808        80,356,275  

NCPGI2

      13,083,401        36,853,466  

NJMMA2

      9,714,873        633,453  

NJNDE2

      10,611,334        1,298,536  

NVAMV1

      1,372,417        5,885,423  

NVAMV2

      15,978,668        96,879,710  

NVAMVX

      3,597,978        179,608  

NVAMVZ

      139,269,428        1,357,505  

NVBX

      1,792,659        4,570  

NVCBD1

      2,261,822        2,212,234  

NVCBD2

      28,890,886        25,248,814  

NVCCA2

      108,936,784        247,544,384  

NVCCN2

      183,508,386                    130,671,398  

NVCMA2

      14,087,834        33,849,025  

NVCMC2

      17,189,277        85,977,709  

NVCMD2

      80,965,969        268,679,172  

NVCRA2

      11,390,876        7,902,925  

NVCRB2

      41,311,794        200,513,682  

NVDBL2

      83,490,147        139,874,279  

NVDCA2

      99,121,600        153,525,287  

NVFIII

      13,349,216        2,083,848  

NVGEII

      6,968,198        328,480  

NVIE6

      2,953,869        6,422,683  

NVLCP2

      25,396,558        12,760,877  

NVMGA2

      22,952,395        29,596,011  

NVMIG1

      9,095,454        2,543,289  

NVMIG6

      51,522,847        32,614,211  

NVMIVX

      1,862,067        141,202  

NVMIVZ

      51,092,368        324,216  

NVMLG1

      4,681,420        1,676,887  

NVMLG2

      71,051,360        32,221,482  

NVMM2

      977,883        853,125  

NVMMG1

      27,737,987        21,255,504  

NVMMG2

      51,219,666        66,803,581  

NVMMV1

      28,097        107,469  

NVMMV2

      11,904,282        25,050,030  

NVNMO1

      6,437,518        7,615,967  

NVNMO2

      12,208,168        12,646,376  

NVNSR1

      367,179        505,254  

NVNSR2

      11,719,183        20,169,989  

NVOLG1

      45,272,560        43,060,560  

NVOLG2

      69,081,424        94,955,519  

NVRE1

      1,080,838        4,974,087  

NVRE2

      3,676,672        17,269,253  

NVSIX2

      26,968,794        13,232,628  

NVSTB2

      73,721,623        63,440,419  

NVTIV3

      23,052,779        31,100,656  

SAM

      466,928,554        296,135,811  

SCF

      2,425,117        7,074,878  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

SCF2

      4,252,053        6,900,871  

SCGF

      2,035,718        1,519,653  

SCGF2

      17,718,699        17,692,068  

SCVF

      675,993        3,094,086  

SCVF2

      5,015,929        4,862,844  

TRF

      10,519,475        12,883,450  

TRF2

      14,300,359        18,684,557  

AMCG

      3,772        4,458  

AMINS

      5,644        14,869  

AMMCGS

      749,856        1,020,312  

AMSRS

      764,150        2,316,359  

AMTB

      8,230,423        13,049,282  

NOTB4

      371,327        2,444,149  

NOTG4

      128,023        725,805  

NOTMG4

      269,281        1,207,469  

PMUBA

      3,199        827  

PMVAAD

      2,669,217        6,155,862  

PMVEBD

      2,558,446        2,511,745  

PMVFAD

      3,045,867        3,238,145  

PMVFHA

      82,209        161,238  

PMVHYD

      82,656        25,391  

PMVIV

      1,492,507        3,229  

PMVLAD

      77,124,700        79,898,318  

PMVRA

      233,641        31,063  

PMVRSD

      16,178        27,530  

PMVSTA

      25,910,333        23,046,070  

PMVTRD

      72,379,345        62,022,251  

PVEIB

      7,776,461        615,075  

PVGOB

      3,865,981        1,848,331  

PVIGIB

      868,513        79,094  

PVTIGB

      3,183,319        9,077,402  

HVSIT

      2,509,245        4,480,997  

ROCSC

      8,875        23,857  

TRHS2

      33,108,406                    40,584,692  

VVGGS

      818,207        346,143  

VWBF

      823,205        1,211,184  

VWEM

      891,094        2,855,604  

VWHA

      91,910        1,361,505  

VWHAS

      6,073,782        6,697,208  

VYDS

      11,042        184,950  

VRVDRA

      1,519,740        1,148,587  

SVDF

      5,178        3,882  

SVOF

      21,770        36,388  

WFVOG2

      1,205        243  

WFVSCG

      22,904,409        30,697,317  
  

 

 

     

 

 

  
   $ 7,713,922,853      $ 7,374,723,205  
  

 

 

     

 

 

  

 

*

Represents abbreviation of investment name. For full investment name and related abbreviation, see note 1(b).

(6) Financial Highlights

The Company offers several variable annuity products through the Separate Account that have unique combinations of features and fees that are assessed to the contract owner. Differences in fee structures result in a variety of contract expense rates, unit fair values and total returns. The following tabular presentation is a summary of units, unit fair values, contract owners’ equity outstanding and contract expense rates for variable annuity contracts as of December 31, 2020, and the investment income ratio and total return for each of the periods in the five-year period ended December 31, 2020. The information is presented as a range of minimum to maximum values based upon product grouping. The range is determined by identifying the lowest and the highest contract expense rate for contracts with units outstanding as of the balance sheet date. The unit fair values and total returns related to these identified contract expense rates are also disclosed as a range below. Accordingly, some individual contract amounts may not be within the ranges presented. Total return and investment income ratio for periods with no ending Contract Owners’ Equity were considered to be irrelevant, and therefore are not presented. Contract Owners’ Equity presented below may not agree to the Contract Owners’ Equity presented in the Statements of Changes due to reserves for annuity contracts in payout.

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract
Expense Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Balanced Wealth Strategy Portfolio: Class B (ALVBWB)

 

2020            0.40%        18,898            $ 18.40      $ 347,712        2.16%              8.81%  
2019            0.40%        19,109              16.91        323,129        2.51%              17.73%  
2018            0.40%        24,863              14.36        357,099        1.65%              -6.79%  
2017            0.40%        30,764              15.41        474,039        1.82%              15.16%  
2016            0.40%        40,001              13.38        535,226        1.77%              4.03%  

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class A (ALVDAA)

 

2020            0.60%        4,485              13.99        62,732        1.82%              4.39%  
2019            0.60%        4,030              13.40        53,995        2.05%              14.82%  
2018            0.60%        4,197              11.67        48,975        1.88%              -7.63%  
2017            0.60%        4,267              12.63        53,903        1.89%              13.98%  
2016      0.40%        to        0.60%        5,166        11.17        to        11.08        57,330        0.86%        3.18%        to        2.97%  

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class B (ALVDAB)

 

2020      1.15%        to        2.75%        1,039,394        14.11        to        12.25        13,805,895        1.50%        3.65%        to        1.98%  
2019      1.15%        to        2.75%        1,110,926        13.62        to        12.02        14,350,826        1.80%        13.92%        to        12.07%  
2018      1.15%        to        2.75%        1,218,690        11.95        to        10.72        13,924,702        1.57%        -8.42%        to        -9.91%  
2017      1.15%        to        2.75%        1,435,565        13.05        to        11.90        18,039,735        1.73%        13.01%        to        11.19%  
2016      1.15%        to        2.75%        1,590,436        11.55        to        10.70        17,765,025        0.58%        2.18%        to        0.53%  

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Growth and Income Portfolio: Class B (ALVGIB)

 

2020      0.95%        to        2.20%        104,459        31.47        to        31.18        3,662,678        1.34%        1.50%        to        0.22%  
2019      0.95%        to        2.20%        127,381        31.00        to        31.11        4,417,884        1.04%        22.44%        to        20.89%  
2018      0.95%        to        2.20%        139,338        25.32        to        25.74        3,972,318        0.74%        -6.74%        to        -7.93%  
2017      0.95%        to        2.25%        151,189        27.15        to        27.74        4,646,927        1.21%        17.47%        to        15.94%  
2016      0.95%        to        2.25%        191,288        23.11        to        23.93        5,023,652        0.82%        10.02%        to        8.58%  

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B (ALVIVB)

 

2020      0.40%        to        2.05%        175,607        9.12        to        8.73        1,559,120        1.59%        1.80%        to        0.12%  
2019      0.40%        to        2.05%        138,361        8.96        to        8.72        1,218,872        1.06%        16.32%        to        14.40%  
2018      1.15%        to        1.95%        78,022        7.67        to        7.63        596,866        1.31%        -23.33%        to        -23.75% **** 

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class A (ALVSVA)

 

2020      0.40%        to        0.60%        26,824        18.46        to        18.17        494,075        1.07%        2.96%        to        2.75%  
2019      0.40%        to        0.60%        33,267        17.93        to        17.69        595,041        0.63%        19.62%        to        19.38%  
2018      0.40%        to        0.60%        46,638        14.99        to        14.82        696,729        0.50%        -15.37%        to        -15.54%  
2017      0.40%        to        0.60%        52,066        17.71        to        17.54        918,797        0.45%        12.70%        to        12.47%  
2016      0.40%        to        0.60%        50,194        15.71        to        15.60        786,301        0.47%        24.59%        to        24.34%  

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class B (ALVSVB)

 

2020      0.40%        to        2.85%        2,428,393        25.45        to        31.82        104,195,951        0.82%        2.64%        to        0.12%  
2019      0.40%        to        2.85%        2,334,269        24.79        to        31.78        98,654,265        0.32%        19.42%        to        16.49%  
2018      0.40%        to        2.85%        2,480,515        20.76        to        27.29        88,375,527        0.22%        -15.64%        to        -17.72%  
2017      0.40%        to        2.85%        2,686,124        24.61        to        33.16        114,676,538        0.24%        12.40%        to        9.64%  
2016      0.40%        to        2.85%        2,879,199        21.89        to        30.25        110,645,228        0.36%        24.29%        to        21.25%  

Alger Mid Cap Growth Portfolio: Class S Shares (ALMCS)

 

2020      0.95%        to        1.05%        10,992        46.97        to        46.15        509,767        0.00%        62.70%        to        62.53%  
2019      0.95%        to        1.05%        10,997        28.87        to        28.39        313,636        0.00%        28.40%        to        28.27%  
2018      0.95%        to        1.05%        14,528        22.48        to        22.14        323,749        0.00%        -8.67%        to        -8.76%  
2017      0.95%        to        1.05%        15,407        24.62        to        24.26        376,240        0.00%        27.96%        to        27.83%  
2016      0.95%        to        1.05%        13,340        19.24        to        18.98        254,416        0.00%        -0.47%        to        -0.57%  

ALPS Variable Investment Trust - ALPS/Alerian Energy Infrastructure Portfolio: Class III (AAEIP3)

 

2020            0.40%        3,988              6.21        24,770        3.26%              -25.43%  
2019            0.40%        2,758              8.33        22,970        1.69%              19.93%  
2018            0.40%        2,662              6.94        18,486        1.73%              -19.28%  
2017            0.40%        2,975              8.60        25,596        2.70%              -1.23%  
2016            0.40%        1,359              8.71        11,839        2.99%              40.23%  

ALPS Variable Investment Trust - ALPS/Red Rocks Global Opportunity Portfolio: Class III (ARLPE3)

 

2020            0.60%        11,330              13.18        149,335        13.58%              8.60%  
2019            0.60%        5,727              12.14        69,504        0.00%              39.00%  
2018            0.60%        5,727              8.73        50,003        0.00%              -12.69% **** 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract
Expense Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

American Century Variable Portfolios, Inc. - American Century VP Balanced Fund: Class I (ACVB)

 

2020      0.80%        to        1.40%        530,862        44.70        to        44.79        25,726,888        1.16%        11.63%        to        10.95%  
2019      0.80%        to        1.40%        606,322        40.04        to        40.37        26,517,118        1.55%        18.89%        to        18.17%  
2018      0.80%        to        1.40%        685,780        33.68        to        34.16        25,337,419        1.40%        -4.60%        to        -5.18%  
2017      0.80%        to        1.40%        753,983        35.31        to        36.03        29,338,342        1.53%        13.00%        to        12.32%  
2016      0.80%        to        1.40%        849,906        31.24        to        32.08        29,397,866        1.57%        6.14%        to        5.50%  

American Century Variable Portfolios, Inc. - American Century VP Disciplined Core Value Fund: Class I (ACVIG)

 

2020      0.80%        to        1.40%        463,781        33.71        to        29.38        13,865,280        1.96%        10.91%        to        10.24%  
2019      0.80%        to        1.40%        498,774        30.40        to        26.65        13,515,695        2.07%        22.96%        to        22.21%  
2018      0.80%        to        1.40%        578,960        24.72        to        21.81        12,831,751        1.92%        -7.62%        to        -8.18%  
2017      0.80%        to        1.40%        610,024        26.76        to        23.75        14,711,679        2.35%        19.52%        to        18.80%  
2016      0.80%        to        1.40%        690,001        22.39        to        19.99        13,995,878        2.36%        12.58%        to        11.90%  

American Century Variable Portfolios, Inc. - American Century VP Disciplined Core Value Fund: Class II (ACVIG2)

 

2020      0.95%        to        2.40%        95,652        33.60        to        31.07        3,498,121        1.71%        10.39%        to        8.77%  
2019      0.95%        to        2.40%        107,378        30.44        to        28.56        3,573,215        1.83%        22.57%        to        20.78%  
2018      0.95%        to        2.40%        113,996        24.84        to        23.65        3,108,648        1.67%        -8.08%        to        -9.43%  
2017      0.95%        to        2.40%        124,007        27.02        to        26.11        3,694,137        2.10%        19.16%        to        17.42%  
2016      0.95%        to        2.40%        136,268        22.67        to        22.24        3,420,647        2.08%        12.13%        to        10.49%  

American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class I (ACVIP1)

 

2020      0.40%        to        0.60%        168,947        11.37        to        11.20        1,918,616        1.61%        9.37%        to        9.15%  
2019      0.40%        to        0.60%        181,218        10.40        to        10.26        1,882,070        2.62%        8.72%        to        8.50%  
2018      0.40%        to        0.60%        164,109        9.56        to        9.46        1,567,758        3.24%        -2.96%        to        -3.16%  
2017      0.40%        to        0.60%        118,106        9.86        to        9.76        1,162,923        3.54%        3.51%        to        3.30%  
2016      0.40%        to        0.60%        44,469        9.52        to        9.45        422,663        2.30%        4.29%        to        4.08%  

American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II (ACVIP2)

 

2020      0.40%        to        2.85%        13,530,463        15.03        to        11.88        205,662,850        1.33%        9.12%        to        6.43%  
2019      0.40%        to        2.85%        14,004,669        13.77        to        11.16        197,180,047        2.29%        8.47%        to        5.80%  
2018      0.40%        to        2.85%        16,102,403        12.70        to        10.55        211,026,750        2.83%        -3.21%        to        -5.60%  
2017      0.40%        to        2.85%        16,760,938        13.12        to        11.17        229,258,020        2.62%        3.26%        to        0.73%  
2016      0.40%        to        2.85%        16,430,647        12.70        to        11.09        220,038,920        1.83%        3.97%        to        1.42%  

American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class I (ACVMV1)

 

2020      0.40%        to        1.40%        346,062        20.27        to        28.01        9,253,445        1.78%        0.81%        to        -0.21%  
2019      0.40%        to        1.40%        399,967        20.10        to        28.07        10,809,320        2.05%        28.63%        to        27.34%  
2018      0.40%        to        1.40%        458,528        15.63        to        22.04        9,755,079        1.41%        -13.19%        to        -14.06%  
2017      0.40%        to        1.40%        517,510        18.00        to        25.65        12,924,699        1.53%        11.25%        to        10.13%  
2016      0.40%        to        1.40%        576,317        16.18        to        23.29        13,078,348        1.71%        22.36%        to        21.14%  

American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class II (ACVMV2)

 

2020      0.40%        to        2.85%        4,865,239        30.71        to        26.15        156,368,879        1.70%        0.71%        to        -1.77%  
2019      0.40%        to        2.85%        5,000,394        30.50        to        26.62        160,894,132        1.91%        28.48%        to        25.32%  
2018      0.40%        to        2.85%        5,609,467        23.74        to        21.24        141,799,223        1.27%        -13.31%        to        -15.46%  
2017      0.40%        to        2.85%        6,044,690        27.38        to        25.12        178,366,410        1.38%        11.02%        to        8.30%  
2016      0.40%        to        2.85%        6,722,132        24.66        to        23.20        180,219,498        1.56%        22.23%        to        19.23%  

American Century Variable Portfolios, Inc. - American Century VP Value Fund: Class II (ACVV2)

 

2020      0.40%        to        2.45%        89,777        24.43        to        29.39        3,061,094        6.25%        0.43%        to        -1.64%  

American Funds Insurance Series(R) - U.S. Government/AAA-Rated Securities Fund: Class 1 (AFGC)

 

2020            1.30%        17,811              40.74        725,635        2.03%              8.66%  
2019            1.30%        16,091              37.50        603,338        2.18%              4.32%  
2018            1.30%        17,972              35.94        645,953        2.01%              -0.41%  
2017            1.30%        18,957              36.09        684,134        1.53%              0.51%  
2016            1.30%        19,599              35.91        703,758        1.59%              0.12%  

American Funds Insurance Series(R) - Growth Fund: Class 1 (AFGF)

 

2020            1.30%        46,920              329.52        15,461,329        0.56%              50.48%  
2019            1.30%        49,615              218.98        10,864,364        0.99%              29.41%  
2018            1.30%        54,721              169.22        9,259,805        0.66%              -1.32%  
2017            1.30%        62,814              171.48        10,771,585        0.67%              26.96%  
2016            1.30%        82,124              135.07        11,092,388        0.99%              8.34%  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract
Expense Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

American Funds Insurance Series(R) - High-Income Bond Fund: Class 1 (AFHY)

 

2020            1.30%        6,943              74.17        514,946        9.15%              6.80%  
2019            1.30%        7,182              69.44        498,748        6.45%              11.38%  
2018            1.30%        6,474              62.35        403,644        5.17%              -3.43%  
2017            1.30%        11,741              64.56        757,997        6.21%              5.86%  
2016            1.30%        13,960              60.99        851,416        6.41%              16.30%  

American Funds Insurance Series(R) - Blue Chip Income and Growth Fund: Class 4 (AMVBC4)

 

2020      0.40%        to        1.15%        75,460        12.14        to        11.79        908,271        2.02%        8.04%        to        17.94%  
2019      0.40%        to        0.60%        48,970        11.24        to        11.20        549,737        2.10%        20.55%        to        20.31%  
2018      0.40%        to        0.60%        22,264        9.32        to        9.31        207,323        1.57%        -6.76%        to        -6.89% **** 

American Funds Insurance Series(R) - Capital Income Builder(R): Class 4 (AMVCB4)

 

2020      0.40%        to        0.60%        15,431        11.59        to        11.53        178,195        2.66%        3.70%        to        3.49%  
2019      0.40%        to        0.60%        13,318        11.17        to        11.14        148,449        2.70%        17.15%        to        16.91%  
2018      0.40%        to        0.60%        12,383        9.54        to        9.53        118,006        1.48%        -4.61%        to        -4.74% **** 

American Funds Insurance Series(R) - Global Small Capitalization Fund: Class 4 (AMVGS4)

 

2020            0.60%        43,527              14.64        637,018        0.13%              28.61%  
2019            0.60%        47,375              11.38        539,073        0.00%              30.46%  
2018            0.60%        16,712              8.72        145,761        0.00%              -12.77%   **** 

American Funds Insurance Series(R) - International Fund: Class 4 (AMVI4)

 

2020      0.40%        to        1.15%        29,230        11.80        to        13.06        343,835        0.42%        13.20%        to        30.57%  
2019      0.40%        to        0.60%        50,587        10.42        to        10.39        525,622        1.31%        22.18%        to        21.93%  
2018      0.40%        to        0.60%        41,884        8.53        to        8.52        356,821        1.40%        -14.71%        to        -14.83% **** 

American Funds Insurance Series(R) - New World Fund: Class 4 (AMVNW4)

 

2020      1.05%        to        1.35%        4,129        13.41        to        13.39        55,371        0.00%        34.12%        to        33.89% **** 

American Funds Insurance Series(R) - Managed Risk Asset Allocation Fund: Class P2 (AVPAP2)

 

2020      0.40%        to        2.85%        43,965,150        16.08        to        13.29        706,431,019        1.52%        5.46%        to        2.86%  
2019      0.40%        to        2.85%        48,793,019        15.25        to        12.92        751,824,542        2.33%        17.51%        to        14.62%  
2018      0.40%        to        2.85%        52,660,875        12.98        to        11.27        698,288,757        1.34%        -5.28%        to        -7.62%  
2017      0.40%        to        2.85%        57,113,592        13.70        to        12.20        808,276,400        0.77%        14.35%        to        11.54%  
2016      0.40%        to        2.85%        60,059,364        11.98        to        10.94        751,684,583        1.32%        6.85%        to        4.23%  

BlackRock Variable Series Funds, Inc. - BlackRock Equity Dividend V.I. Fund: Class III (BRVED3)

 

2020      0.40%        to        2.85%        16,016,383        15.92        to        13.82        240,120,474        1.97%        3.16%        to        0.62%  
2019      0.40%        to        2.85%        16,520,109        15.43        to        13.74        242,401,136        1.83%        26.95%        to        23.83%  
2018      0.40%        to        2.85%        17,237,659        12.15        to        11.09        201,391,321        1.72%        -7.79%        to        -10.07%  
2017      0.40%        to        2.85%        18,794,597        13.18        to        12.33        240,731,201        1.58%        16.03%        to        13.18%  
2016      0.40%        to        2.85%        17,052,613        11.36        to        10.90        190,253,960        1.79%        15.60%        to        12.76%  

BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III (BRVHY3)

 

2020      0.40%        to        2.55%        3,105,765        12.14        to        11.59        38,197,026        5.19%        6.58%        to        4.28%  
2019      0.40%        to        2.55%        4,274,867        11.39        to        11.11        49,951,526        5.18%        14.40%        to        11.93%  
2018      0.40%        to        2.55%        2,224,850        9.96        to        9.93        22,899,633        5.18%        -3.28%        to        -5.38%  
2017      0.40%        to        2.55%        2,888,766        10.30        to        10.49        31,168,746        5.00%        2.98%        to        4.36%  
2016      1.15%        to        2.50%        1,270,873        10.29        to        10.06        12,972,988        5.17%        11.52%        to        10.01%  

BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III (BRVTR3)

 

2020      0.40%        to        2.85%        36,250,688        12.01        to        10.43        411,656,607        1.90%        8.11%        to        5.45%  
2019      0.40%        to        2.85%        33,610,292        11.11        to        9.89        356,599,362        2.61%        8.71%        to        6.04%  
2018      0.40%        to        2.85%        30,210,417        10.22        to        9.33        297,633,981        2.47%        -1.12%        to        -3.57%  
2017      0.40%        to        2.85%        24,686,644        10.34        to        9.67        248,305,125        2.23%        2.79%        to        0.27%  
2016      0.40%        to        2.85%        16,323,965        10.06        to        9.65        161,297,863        1.76%        2.05%        to        -0.45%  

BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III (MLVGA3)

 

2020      0.40%        to        2.75%        16,997,308        24.20        to        18.32        355,709,751        1.28%        20.23%        to        17.39%  
2019      0.40%        to        2.85%        18,748,962        20.13        to        15.43        330,200,800        1.25%        17.28%        to        14.40%  
2018      0.40%        to        2.85%        20,772,328        17.16        to        13.49        315,810,502        0.84%        -7.95%        to        -10.23%  
2017      0.40%        to        2.85%        22,494,782        18.64        to        15.03        375,898,088        1.27%        13.25%        to        10.48%  
2016      0.40%        to        2.85%        23,713,308        16.46        to        13.60        354,185,101        1.19%        3.39%        to        0.85%  

BNY Mellon Variable Investment Fund - Appreciation Portfolio: Initial Shares (DCAP)

 

2020      0.80%        to        1.40%        638,601        50.55        to        43.85        28,557,319        0.79%        22.70%        to        21.96%  
2019      0.80%        to        1.40%        747,557        41.20        to        35.95        27,383,863        1.17%        35.01%        to        34.19%  
2018      0.80%        to        1.40%        835,497        30.52        to        26.79        22,786,540        1.26%        -7.60%        to        -8.16%  
2017      0.80%        to        1.40%        883,156        33.03        to        29.17        26,202,804        1.33%        26.32%        to        25.56%  
2016      0.80%        to        1.40%        997,558        26.15        to        23.24        23,553,895        1.63%        7.04%        to        6.40%  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract
Expense Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

BNY Mellon Variable Investment Fund - Appreciation Portfolio: Service Shares (DCAPS)

 

2020      0.40%        to        2.75%        2,275,227        31.27        to        31.18        92,240,083        0.55%        22.89%        to        19.99%  
2019      0.40%        to        2.75%        2,761,476        25.45        to        25.98        92,162,383        0.93%        35.24%        to        32.05%  
2018      0.40%        to        2.75%        3,195,645        18.82        to        19.68        79,876,330        1.01%        -7.48%        to        -9.67%  
2017      0.40%        to        2.75%        3,794,414        20.34        to        21.78        103,566,423        1.08%        26.50%        to        23.53%  
2016      0.40%        to        2.75%        4,453,762        16.08        to        17.64        97,160,288        1.39%        7.20%        to        4.68%  

BNY Mellon Variable Investment Fund - Growth and Income Portfolio: Initial Shares (DGI)

 

2020      0.80%        to        1.40%        349,495        47.70        to        41.23        14,684,256        0.77%        23.64%        to        22.89%  
2019      0.80%        to        1.40%        396,354        38.58        to        33.55        13,545,644        1.08%        28.09%        to        27.31%  
2018      0.80%        to        1.40%        442,636        30.12        to        26.35        11,870,241        0.80%        -5.45%        to        -6.03%  
2017      0.80%        to        1.40%        494,849        31.85        to        28.04        14,109,751        0.74%        18.75%        to        18.04%  
2016      0.80%        to        1.40%        536,200        26.82        to        23.76        12,939,798        1.20%        9.15%        to        8.50%  

BNY Mellon Stock Index Fund, Inc.: Initial Shares (DSIF)

 

2020      0.80%        to        1.40%        2,654,436        79.52        to        87.54        237,006,672        1.57%        17.06%        to        16.36%  
2019      0.80%        to        1.40%        2,915,046        67.92        to        75.23        223,546,554        1.71%        30.13%        to        29.35%  
2018      0.80%        to        1.40%        3,296,757        52.20        to        58.16        195,315,563        1.64%        -5.40%        to        -5.98%  
2017      0.80%        to        1.40%        3,700,488        55.18        to        61.86        232,999,693        1.70%        20.57%        to        19.84%  
2016      0.80%        to        1.40%        4,105,599        45.76        to        51.62        215,623,442        2.00%        10.82%        to        10.15%  

BNY Mellon Stock Index Fund, Inc.: Service Shares (DSIFS)

 

2020      0.40%        to        2.55%        3,040,078        31.18        to        37.38        132,479,598        1.31%        17.24%        to        14.71%  
2019      0.40%        to        2.55%        3,569,193        26.60        to        32.58        134,065,977        1.46%        30.32%        to        27.51%  
2018      0.40%        to        2.55%        4,135,263        20.41        to        25.55        120,440,859        1.39%        -5.24%        to        -7.29%  
2017      0.40%        to        2.55%        4,741,553        21.54        to        27.57        147,798,113        1.45%        20.73%        to        18.13%  
2016      0.40%        to        2.65%        5,448,421        17.84        to        23.00        141,923,286        1.75%        11.00%        to        8.50%  

BNY Mellon Sustainable U.S. Equity Portfolio, Inc.: Initial Shares (DSRG)

 

2020      0.80%        to        1.40%        603,335        60.28        to        67.50        43,351,654        1.10%        23.15%        to        22.41%  
2019      0.80%        to        1.40%        660,931        48.95        to        55.15        38,768,298        1.47%        33.28%        to        32.48%  
2018      0.80%        to        1.40%        729,093        36.73        to        41.63        32,262,621        1.80%        -5.17%        to        -5.75%  
2017      0.80%        to        1.40%        811,429        38.73        to        44.17        38,057,925        1.16%        14.41%        to        13.72%  
2016      0.80%        to        1.40%        917,419        33.85        to        38.84        37,838,359        1.31%        9.49%        to        8.83%  

BNY Mellon Variable Investment Fund - Opportunistic Small Cap Portfolio: Service Shares (DVDLS)

 

2020      0.95%        to        2.25%        28,459        25.91        to        26.39        840,063        0.44%        18.44%        to        16.89%  
2019      0.95%        to        2.25%        33,308        21.87        to        22.58        839,641        0.00%        20.34%        to        18.76%  
2018      0.95%        to        2.25%        37,666        18.18        to        19.01        796,999        0.00%        -20.06%        to        -21.12%  
2017      0.95%        to        2.25%        37,554        22.74        to        24.10        994,850        0.00%        23.19%        to        21.58%  
2016      0.95%        to        2.25%        35,835        18.46        to        19.82        798,650        0.00%        15.68%        to        14.17%  

BNY Mellon Investment Portfolios - MidCap Stock Portfolio: Service Shares (DVMCSS)

 

2020      0.40%        to        2.85%        2,523,599        15.06        to        12.75        35,171,532        0.52%        7.41%        to        4.77%  
2019      0.40%        to        2.85%        2,526,416        14.02        to        12.17        33,137,075        0.40%        19.38%        to        16.44%  
2018      0.40%        to        2.85%        2,557,928        11.74        to        10.46        28,395,977        0.34%        -16.02%        to        -18.10%  
2017      0.40%        to        2.85%        2,675,080        13.99        to        12.77        35,765,531        0.84%        14.58%        to        11.77%  
2016      0.40%        to        2.85%        2,569,957        12.21        to        11.42        30,355,510        0.81%        14.74%        to        11.93%  

BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares (DVSCS)

 

2020      0.40%        to        2.55%        1,449,068        31.91        to        43.89        68,254,126        1.05%        10.19%        to        7.82%  
2019      0.40%        to        2.55%        1,588,614        28.96        to        40.71        68,693,857        0.91%        21.72%        to        19.10%  
2018      0.40%        to        2.55%        1,815,204        23.79        to        34.18        64,943,534        0.82%        -9.34%        to        -11.31%  
2017      0.40%        to        2.55%        2,016,378        26.24        to        38.54        80,553,584        0.68%        11.95%        to        9.55%  
2016      0.40%        to        2.95%        2,464,385        23.44        to        30.66        89,216,990        0.92%        25.22%        to        22.03%  

Schwab Government Money Market Portfolio(TM) (CHSMM)

 

2020      0.75%        to        1.35%        692,340        9.71        to        9.59        6,896,825        0.24%        -0.46%        to        -1.07%  
2019      0.75%        to        1.35%        539,381        9.76        to        9.70        5,397,812        1.90%        1.15%        to        0.54%  
2018      0.75%        to        1.35%        514,302        9.65        to        9.64        5,092,814        1.56%        0.75%        to        0.14%  
2017      0.75%        to        1.35%        503,857        9.57        to        9.63        4,939,541        0.45%        -0.31%        to        -0.91%  
2016      0.75%        to        1.35%        561,907        9.60        to        9.72        5,537,570        0.01%        -0.74%        to        -1.33%  

Columbia Funds Variable Series Trust II - Columbia VP High Yield Bond Fund: Class 2 (CLVHY2)

 

2020      0.40%        to        2.30%        687,402        12.07        to        11.24        8,000,749        5.19%        5.88%        to        3.86%  
2019      0.40%        to        2.40%        1,015,022        11.40        to        10.79        11,255,887        5.41%        16.06%        to        13.73%  
2018      0.40%        to        1.95%        299,403        9.82        to        9.57        2,889,165        5.81%        -4.38%        to        -5.88%  
2017      0.40%        to        1.95%        172,298        10.27        to        10.16        1,756,327        0.74%        2.69%        to        1.63% **** 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract
Expense Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class (DWVSVS)

 

2020      0.40%        to        2.85%        3,656,633        17.97        to        14.85        60,281,289        1.06%        -2.57%        to        -4.97%  
2019      0.40%        to        2.85%        3,517,430        18.45        to        15.63        60,032,877        0.81%        27.21%        to        24.08%  
2018      0.40%        to        2.85%        3,576,288        14.50        to        12.59        48,434,785        0.61%        -17.28%        to        -19.33%  
2017      0.40%        to        2.85%        3,677,512        17.53        to        15.61        60,821,422        0.64%        11.31%        to        8.58%  
2016      0.40%        to        2.85%        3,789,125        15.75        to        14.38        56,943,567        0.62%        30.56%        to        27.36%  

Delaware Variable Insurance Product Trust - Delaware VIP Value Series: Service Class (DWVVLS)

 

2020      0.40%        to        0.60%        120,519        19.34        to        19.05        2,326,923        1.83%        -0.27%        to        -0.47%  
2019      0.40%        to        0.60%        138,474        19.39        to        19.13        2,679,199        1.42%        19.12%        to        18.88%  
2018      0.40%        to        0.60%        145,302        16.28        to        16.10        2,361,387        1.25%        -3.39%        to        -3.58%  
2017      0.40%        to        0.60%        92,725        16.85        to        16.69        1,560,377        1.14%        13.08%        to        12.86%  
2016      0.40%        to        0.60%        57,268        14.90        to        14.79        851,827        1.67%        13.86%        to        13.64%  

Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class (ETVFR)

 

2020      0.40%        to        2.75%        4,999,796        12.07        to        10.11        55,233,486        3.32%        1.59%        to        -0.81%  
2019      0.40%        to        2.75%        6,274,991        11.88        to        10.19        68,892,705        4.32%        6.65%        to        4.13%  
2018      0.40%        to        2.80%        7,168,898        11.14        to        9.76        74,685,303        3.81%        -0.49%        to        -2.90%  
2017      0.40%        to        2.80%        5,278,077        11.19        to        10.05        55,869,738        3.27%        3.03%        to        0.55%  
2016      0.40%        to        2.80%        4,327,808        10.86        to        10.00        44,989,788        3.44%        8.51%        to        5.90%  

Federated Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Primary Shares (FQB)

 

2020      0.80%        to        1.40%        273,906        20.22        to        18.06        5,023,892        2.79%        7.25%        to        6.61%  
2019      0.80%        to        1.40%        278,446        18.85        to        16.94        4,775,752        3.00%        8.57%        to        7.91%  
2018      0.80%        to        1.40%        311,338        17.36        to        15.69        4,947,178        3.14%        -1.39%        to        -1.99%  
2017      0.80%        to        1.40%        372,687        17.61        to        16.01        6,037,666        3.29%        3.21%        to        2.58%  
2016      0.80%        to        1.40%        400,313        17.06        to        15.61        6,315,618        3.66%        3.00%        to        2.37%  

Federated Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Service Shares (FQBS)

 

2020      0.95%        to        2.30%        973,629        17.40        to        13.66        15,454,423        2.56%        6.84%        to        5.38%  
2019      0.95%        to        2.30%        1,054,260        16.29        to        12.96        15,764,545        2.71%        8.13%        to        6.66%  
2018      0.95%        to        2.30%        1,167,224        15.06        to        12.15        16,238,610        2.89%        -1.73%        to        -3.08%  
2017      0.95%        to        2.30%        1,339,808        15.33        to        12.54        19,075,645        2.91%        2.77%        to        1.37%  
2016      0.95%        to        2.30%        1,344,546        14.92        to        12.37        18,716,854        3.45%        2.55%        to        1.16%  

Federated Hermes Insurance Series - Federated Hermes Managed Volatility Fund II: Service Shares (FVU2S)

 

2020      0.95%        to        2.25%        51,361        10.74        to        10.41        545,771        2.02%        -0.25%        to        -1.56%  
2019      0.95%        to        2.25%        54,311        10.77        to        10.58        580,982        1.95%        18.78%        to        17.22%  
2018      0.95%        to        2.25%        54,758        9.07        to        9.02        495,556        0.00%        -9.34%        to        -9.78% **** 

Fidelity Variable Insurance Products Fund - VIP Asset Manager Portfolio: Initial Class (FAMP)

 

2020      0.80%        to        1.40%        1,522,133        43.92        to        39.55        91,581,414        1.49%        13.95%        to        13.26%  
2019      0.80%        to        1.40%        1,652,739        38.55        to        34.92        87,683,449        1.72%        17.30%        to        16.59%  
2018      0.80%        to        1.40%        1,862,553        32.86        to        29.95        84,524,118        1.62%        -6.11%        to        -6.68%  
2017      0.80%        to        1.40%        2,119,632        35.00        to        32.09        102,572,613        1.83%        13.19%        to        12.51%  
2016      0.80%        to        1.40%        2,380,437        30.92        to        28.53        102,224,912        1.42%        2.25%        to        1.63%  

Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2 (FB2)

 

2020      0.40%        to        2.65%        50,451,237        17.38        to        15.62        837,511,380        1.29%        21.64%        to        18.89%  
2019      0.40%        to        2.55%        46,535,382        14.28        to        13.19        641,316,929        1.68%        23.62%        to        20.95%  
2018      0.40%        to        2.55%        35,320,687        11.56        to        10.90        397,518,598        1.43%        -4.83%        to        -6.89%  
2017      0.40%        to        2.55%        25,845,784        12.14        to        11.71        308,637,826        1.58%        15.65%        to        13.16%  
2016      0.40%        to        2.55%        9,413,350        10.50        to        10.35        98,141,707        2.37%        4.98%        to        3.48% **** 

Fidelity Variable Insurance Products Fund - VIP Contrafund(R) Portfolio: Service Class 2 (FC2)

 

2020      0.40%        to        2.45%        1,196,323        30.94        to        48.02        65,297,220        0.04%        29.71%        to        27.04%  
2019      0.40%        to        2.40%        271,824        23.85        to        38.13        11,083,422        0.28%        30.75%        to        28.12%  

Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2 (FEI2)

 

2020      0.40%        to        2.85%        9,410,420        21.70        to        23.83        302,112,920        1.64%        6.01%        to        3.41%  
2019      0.40%        to        2.85%        9,856,666        20.47        to        23.04        301,831,977        1.80%        26.60%        to        23.49%  
2018      0.40%        to        2.85%        10,753,975        16.17        to        18.66        262,934,686        2.04%        -8.90%        to        -11.16%  
2017      0.40%        to        2.85%        11,450,750        17.75        to        21.00        310,924,395        1.48%        12.20%        to        9.45%  
2016      0.40%        to        2.85%        12,175,654        15.82        to        19.19        298,244,400        2.19%        17.24%        to        14.36%  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract
Expense Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Initial Class (FEIP)

 

2020      0.80%        to        1.40%        2,805,619        55.50        to        63.70        263,346,266        1.80%        5.84%        to        5.20%  
2019      0.80%        to        1.40%        3,079,159        52.43        to        60.55        274,799,594        1.98%        26.42%        to        25.66%  
2018      0.80%        to        1.40%        3,475,394        41.47        to        48.19        245,554,682        2.20%        -9.03%        to        -9.58%  
2017      0.80%        to        1.40%        3,943,755        45.59        to        53.30        307,066,645        1.66%        11.99%        to        11.32%  
2016      0.80%        to        1.40%        4,425,270        40.71        to        47.88        310,251,218        2.26%        17.08%        to        16.37%  

Fidelity Variable Insurance Products - Emerging Markets Portfolio: Service Class 2 (FEMS2)

 

2020      0.40%        to        2.65%        1,961,867        13.91        to        13.09        26,469,475        0.75%        30.35%        to        27.41%  
2019      0.40%        to        2.50%        759,030        10.67        to        10.30        7,957,750        1.49%        28.68%        to        25.96%  
2018      0.40%        to        2.40%        328,114        8.30        to        8.18        2,703,388        1.00%        -17.05%        to        -18.17% **** 

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class (FF10S)

 

2020      0.80%        to        1.40%        292,996        20.98        to        19.19        5,696,708        1.22%        11.49%        to        10.82%  
2019      0.80%        to        1.40%        286,639        18.82        to        17.32        5,019,968        2.00%        15.07%        to        14.38%  
2018      0.80%        to        1.40%        290,998        16.35        to        15.14        4,451,599        1.50%        -4.88%        to        -5.45%  
2017      0.80%        to        1.40%        300,966        17.19        to        16.02        4,866,546        1.43%        12.09%        to        11.41%  
2016      0.80%        to        1.40%        332,315        15.34        to        14.38        4,819,054        1.32%        4.44%        to        3.81%  

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2 (FF10S2)

 

2020      1.10%        to        2.85%        14,422,297        21.67        to        16.39        295,834,904        1.11%        11.01%        to        9.04%  
2019      1.10%        to        2.85%        14,119,750        19.52        to        15.03        261,631,240        1.93%        14.48%        to        12.45%  
2018      1.10%        to        2.85%        14,151,513        17.05        to        13.36        229,497,836        1.40%        -5.32%        to        -7.01%  
2017      1.10%        to        2.85%        14,831,606        18.01        to        14.37        254,752,150        1.31%        11.56%        to        9.59%  
2016      1.10%        to        2.85%        15,269,426        16.15        to        13.11        235,592,461        1.32%        4.08%        to        2.24%  

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class (FF20S)

 

2020      0.80%        to        1.40%        391,213        22.37        to        20.47        8,119,731        1.11%        14.00%        to        13.31%  
2019      0.80%        to        1.40%        466,941        19.63        to        18.06        8,546,905        1.84%        19.05%        to        18.33%  
2018      0.80%        to        1.40%        567,701        16.49        to        15.27        8,772,921        1.42%        -6.73%        to        -7.30%  
2017      0.80%        to        1.40%        568,630        17.68        to        16.47        9,470,434        1.37%        15.54%        to        14.84%  
2016      0.80%        to        1.40%        661,082        15.30        to        14.34        9,578,552        1.41%        5.20%        to        4.56%  

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class 2 (FF20S2)

 

2020      1.10%        to        2.70%        18,407,215        24.20        to        18.74        421,937,337        1.02%        13.46%        to        11.62%  
2019      1.10%        to        2.70%        20,113,617        21.33        to        16.79        407,782,827        1.75%        18.56%        to        16.64%  
2018      1.10%        to        2.70%        22,418,899        17.99        to        14.40        384,262,576        1.23%        -7.12%        to        -8.63%  
2017      1.10%        to        2.70%        25,198,593        19.37        to        15.76        466,403,044        1.25%        14.99%        to        13.13%  
2016      1.10%        to        2.70%        27,398,493        16.84        to        13.93        442,273,630        1.26%        4.64%        to        2.95%  

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class (FF30S)

 

2020      0.80%        to        1.40%        690,190        24.39        to        22.32        15,635,658        1.18%        15.82%        to        15.12%  
2019      0.80%        to        1.40%        694,267        21.06        to        19.39        13,652,092        1.95%        23.38%        to        22.63%  
2018      0.80%        to        1.40%        707,650        17.07        to        15.81        11,335,210        1.23%        -8.63%        to        -9.18%  
2017      0.80%        to        1.40%        760,388        18.68        to        17.41        13,393,745        1.38%        19.85%        to        19.13%  
2016      0.80%        to        1.40%        696,503        15.59        to        14.61        10,286,080        1.39%        5.67%        to        5.03%  

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class 2 (FF30S2)

 

2020      1.10%        to        2.60%        3,249,367        27.14        to        21.36        81,714,212        1.02%        15.36%        to        13.61%  
2019      1.10%        to        2.60%        3,255,605        23.53        to        18.80        71,170,340        1.76%        22.75%        to        20.89%  
2018      1.10%        to        2.60%        3,356,498        19.17        to        15.56        59,866,335        1.10%        -9.07%        to        -10.46%  
2017      1.10%        to        2.60%        3,607,721        21.08        to        17.37        71,079,052        1.18%        19.37%        to        17.57%  
2016      1.10%        to        2.60%        3,573,631        17.66        to        14.78        59,111,399        1.21%        5.21%        to        3.62%  

Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2 (FG2)

 

2020      0.40%        to        2.85%        10,140,669        39.52        to        44.34        602,332,549        0.04%        42.98%        to        39.46%  
2019      0.40%        to        2.85%        10,118,386        27.64        to        31.79        426,825,480        0.06%        33.44%        to        30.16%  
2018      0.40%        to        2.85%        10,652,368        20.71        to        24.43        340,382,189        0.04%        -0.83%        to        -3.29%  
2017      0.40%        to        2.85%        11,129,767        20.89        to        25.26        363,610,124        0.08%        34.28%        to        30.99%  
2016      0.40%        to        2.85%        10,698,404        15.56        to        19.28        263,952,403        0.00%        0.15%        to        -2.31%  

Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2 (FGI2)

 

2020      0.40%        to        2.55%        40,752,096        16.47        to        14.88        642,192,283        2.01%        7.16%        to        4.85%  
2019      0.40%        to        2.75%        35,508,567        15.37        to        14.08        526,717,527        3.34%        29.16%        to        26.12%  
2018      0.40%        to        2.55%        26,122,667        11.90        to        11.23        302,916,510        0.17%        -9.56%        to        -11.52%  
2017      0.40%        to        2.75%        20,434,676        13.16        to        12.65        264,509,037        1.42%        16.15%        to        13.41%  
2016      0.40%        to        2.55%        7,451,209        11.33        to        11.17        83,839,229        3.02%        13.30%        to        11.68% **** 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract
Expense Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Initial Class (FGP)

 

2020      0.80%        to        1.40%        2,516,303        89.43        to        107.25        540,162,585        0.07%        42.74%        to        41.88%  
2019      0.80%        to        1.40%        2,727,202        62.65        to        75.59        413,039,306        0.26%        33.24%        to        32.43%  
2018      0.80%        to        1.40%        3,027,532        47.02        to        57.08        346,280,311        0.24%        -0.97%        to        -1.57%  
2017      0.80%        to        1.40%        3,340,796        47.49        to        57.99        387,075,042        0.22%        34.06%        to        33.25%  
2016      0.80%        to        1.40%        3,707,233        35.42        to        43.52        322,445,498        0.04%        0.00%        to        -0.61%  

Fidelity Variable Insurance Products Fund - VIP High Income Portfolio: Initial Class (FHIP)

 

2020      0.80%        to        1.40%        823,287        28.28        to        28.01        33,944,173        4.97%        1.92%        to        1.31%  
2019      0.80%        to        1.40%        912,609        27.74        to        27.65        37,080,785        5.04%        14.18%        to        13.49%  
2018      0.80%        to        1.40%        1,021,563        24.30        to        24.36        36,277,118        5.39%        -4.06%        to        -4.65%  
2017      0.80%        to        1.40%        1,174,888        25.33        to        25.55        43,810,042        5.12%        6.08%        to        5.44%  
2016      0.80%        to        1.40%        1,334,870        23.88        to        24.23        47,252,928        5.23%        13.69%        to        13.01%  

Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2 (FIGBP2)

 

2020      0.40%        to        2.90%        57,103,898        16.84        to        12.49        968,324,680        2.14%        8.73%        to        6.00%  
2019      0.40%        to        2.90%        51,919,394        15.48        to        11.78        814,933,908        2.68%        8.97%        to        6.23%  
2018      0.40%        to        2.90%        45,562,385        14.21        to        11.09        660,950,999        2.42%        -1.19%        to        -3.68%  
2017      0.40%        to        2.90%        39,490,721        14.38        to        11.52        583,048,112        2.45%        3.58%        to        0.98%  
2016      0.40%        to        2.95%        27,826,362        13.88        to        11.32        396,568,544        2.42%        4.06%        to        1.40%  

Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class (FIGBS)

 

2020      0.80%        to        1.40%        932,031        18.71        to        16.81        15,901,461        2.14%        8.38%        to        7.73%  
2019      0.80%        to        1.40%        884,903        17.26        to        15.60        13,995,244        2.73%        8.70%        to        8.05%  
2018      0.80%        to        1.40%        827,555        15.88        to        14.44        12,108,294        2.35%        -1.43%        to        -2.03%  
2017      0.80%        to        1.40%        923,643        16.11        to        14.74        13,777,172        2.29%        3.33%        to        2.70%  
2016      0.80%        to        1.40%        976,988        15.59        to        14.35        14,182,006        2.16%        3.79%        to        3.17%  

Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2 (FMC2)

 

2020      0.40%        to        2.85%        4,491,360        25.64        to        42.20        241,712,950        0.39%        17.40%        to        14.51%  
2019      0.40%        to        2.85%        5,073,669        21.84        to        36.86        235,309,401        0.67%        22.68%        to        19.66%  
2018      0.40%        to        2.85%        5,517,742        17.80        to        30.80        210,606,589        0.39%        -15.11%        to        -17.22%  
2017      0.40%        to        2.85%        6,276,254        20.97        to        37.21        285,514,647        0.48%        20.06%        to        17.11%  
2016      0.40%        to        2.85%        6,995,968        17.47        to        31.77        268,401,986        0.31%        11.48%        to        8.74%  

Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class (FMCS)

 

2020      0.80%        to        1.40%        651,133        27.28        to        24.96        16,479,421        0.56%        17.09%        to        16.39%  
2019      0.80%        to        1.40%        763,210        23.30        to        21.45        16,586,396        0.78%        22.36%        to        21.62%  
2018      0.80%        to        1.40%        857,905        19.04        to        17.63        15,313,495        0.55%        -15.33%        to        -15.84%  
2017      0.80%        to        1.40%        925,175        22.49        to        20.95        19,602,619        0.61%        19.74%        to        19.02%  
2016      0.80%        to        1.40%        1,019,717        18.78        to        17.61        18,135,498        0.40%        11.22%        to        10.55%  

Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2 (FNRS2)

 

2020      0.40%        to        2.85%        4,827,926        9.06        to        7.17        41,896,057        2.55%        -33.15%        to        -34.80%  
2019      0.40%        to        2.75%        4,651,695        13.56        to        11.17        61,177,730        1.78%        9.38%        to        6.80%  
2018      0.40%        to        2.85%        5,084,672        12.39        to        10.31        61,635,703        0.68%        -25.07%        to        -26.93%  
2017      0.40%        to        2.85%        5,387,615        16.54        to        14.11        88,249,043        1.38%        -3.16%        to        -5.54%  
2016      0.40%        to        2.85%        6,156,581        17.08        to        14.94        105,222,917        0.53%        32.97%        to        29.71%  

Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class 2 (FO2)

 

2020      0.40%        to        2.85%        3,304,017        14.20        to        24.54        100,929,052        0.22%        14.87%        to        12.05%  
2019      0.40%        to        2.85%        3,623,703        12.36        to        21.90        97,597,749        1.49%        26.99%        to        23.87%  
2018      0.40%        to        2.85%        3,960,462        9.73        to        17.68        85,113,347        1.37%        -15.40%        to        -17.49%  
2017      0.40%        to        2.85%        3,943,518        11.51        to        21.43        101,398,519        1.22%        29.47%        to        26.30%  
2016      0.40%        to        2.85%        3,994,427        8.89        to        16.97        80,353,147        1.26%        -5.65%        to        -7.96%  

Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Initial Class (FOP)

 

2020      0.80%        to        1.40%        1,234,733        37.01        to        34.56        54,134,921        0.44%        14.69%        to        14.00%  
2019      0.80%        to        1.40%        1,360,073        32.27        to        30.32        52,207,197        1.70%        26.74%        to        25.98%  
2018      0.80%        to        1.40%        1,502,540        25.46        to        24.07        45,713,821        1.51%        -15.49%        to        -16.01%  
2017      0.80%        to        1.40%        1,652,970        30.13        to        28.65        59,795,515        1.40%        29.25%        to        28.47%  
2016      0.80%        to        1.40%        1,852,149        23.31        to        22.30        52,046,563        1.37%        -5.82%        to        -6.39%  

Fidelity Variable Insurance Products - VIP Real Estate Portfolio: Service Class 2 (FRESS2)

 

2020      0.40%        to        2.40%        644,375        13.75        to        11.77        8,199,727        1.99%        -7.16%        to        -9.03%  
2019      0.40%        to        2.40%        666,837        14.81        to        12.94        9,190,357        1.61%        22.46%        to        20.00%  
2018      0.40%        to        2.50%        412,769        12.10        to        10.72        4,725,026        3.46%        -6.83%        to        -8.81%  
2017      0.40%        to        2.50%        175,387        12.98        to        11.75        2,194,349        2.28%        3.36%        to        1.18%  
2016      0.40%        to        0.60%        67,558        12.56        to        12.47        844,472        1.48%        5.04%        to        4.83%  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract
Expense Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class (FVSS)

 

2020      0.80%        to        1.40%        114,626        34.83        to        31.10        3,623,425        1.20%        7.31%        to        6.66%  
2019      0.80%        to        1.40%        130,997        32.46        to        29.16        3,882,954        1.55%        33.22%        to        32.41%  
2018      0.80%        to        1.40%        152,249        24.37        to        22.02        3,400,823        0.86%        -18.00%        to        -18.50%  
2017      0.80%        to        1.40%        169,584        29.71        to        27.02        4,643,897        1.37%        18.26%        to        17.55%  
2016      0.80%        to        1.40%        194,874        25.12        to        22.99        4,535,225        1.00%        8.61%        to        7.95%  

Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class 2 (FVSS2)

 

2020      1.10%        to        2.30%        115,366        46.05        to        37.02        5,027,608        1.04%        6.83%        to        5.54%  
2019      1.10%        to        2.30%        126,904        43.11        to        35.08        5,186,100        1.42%        32.62%        to        31.02%  
2018      1.10%        to        2.30%        151,463        32.50        to        26.78        4,688,603        0.71%        -18.41%        to        -19.41%  
2017      1.10%        to        2.30%        167,647        39.84        to        33.22        6,375,684        1.22%        17.78%        to        16.35%  
2016      1.10%        to        2.30%        185,111        33.82        to        28.55        5,994,904        0.86%        8.07%        to        6.77%  

Franklin Templeton Variable Insurance Products Trust - Templeton Developing Markets VIP Fund: Class 2 (FTVDM2)

 

2020      0.80%        to        2.50%        652,427        14.81        to        13.20        9,257,166        4.21%        16.25%        to        14.25%  
2019      0.80%        to        2.50%        795,837        12.74        to        11.55        9,772,585        1.01%        25.68%        to        23.53%  
2018      0.80%        to        2.50%        889,456        10.14        to        9.35        8,750,560        0.87%        -16.47%        to        -17.91%  
2017      0.80%        to        2.50%        1,248,611        12.14        to        11.39        14,799,798        1.00%        39.29%        to        36.91%  
2016      0.80%        to        2.65%        1,166,947        8.71        to        8.29        9,987,139        0.80%        16.50%        to        14.34%  

Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2 (FTVFA2)

 

2020      0.40%        to        2.65%        5,290,110        28.29        to        14.14        85,283,835        1.58%        11.30%        to        8.78%  
2019      0.40%        to        2.65%        5,922,543        25.42        to        13.00        86,840,145        3.55%        19.38%        to        16.68%  
2018      0.40%        to        2.65%        6,404,078        21.29        to        11.14        79,600,326        3.09%        -10.01%        to        -12.06%  
2017      0.40%        to        2.65%        7,228,922        23.66        to        12.67        101,076,365        2.71%        11.53%        to        9.02%  
2016      0.40%        to        2.80%        7,292,261        21.22        to        11.47        92,654,856        3.91%        12.73%        to        10.02%  

Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2 (FTVGI2)

 

2020      0.40%        to        2.85%        9,298,572        9.61        to        8.22        81,577,433        8.49%        -5.66%        to        -7.98%  
2019      0.40%        to        2.85%        10,542,396        10.19        to        8.94        99,271,236        7.08%        1.60%        to        -0.89%  
2018      0.40%        to        2.85%        11,681,077        10.02        to        9.02        109,564,710        0.00%        1.53%        to        -0.98%  
2017      0.40%        to        2.85%        12,642,442        9.87        to        9.11        118,197,846        0.00%        1.52%        to        -0.97%  
2016      0.40%        to        2.85%        12,642,337        9.73        to        9.20        117,775,054        0.00%        2.53%        to        0.01%  

Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2 (FTVIS2)

 

2020      0.40%        to        2.85%        11,593,508        24.93        to        14.63        205,226,747        5.76%        0.29%        to        -2.18%  
2019      0.40%        to        2.85%        13,162,556        24.86        to        14.95        234,316,579        5.37%        15.59%        to        12.75%  
2018      0.40%        to        2.85%        14,462,828        21.51        to        13.26        225,356,300        4.80%        -4.69%        to        -7.05%  
2017      0.40%        to        2.85%        16,047,838        22.57        to        14.27        264,473,144        4.16%        9.24%        to        6.56%  
2016      0.40%        to        2.85%        17,118,771        20.66        to        13.39        261,593,923        4.83%        13.57%        to        10.78%  

Franklin Templeton Variable Insurance Products Trust - Franklin Mutual Global Discovery VIP Fund: Class 2 (FTVMD2)

 

2020      0.40%        to        0.60%        61,910        14.63        to        14.41        902,001        2.21%        -4.84%        to        -5.04%  
2019      0.40%        to        0.60%        92,937        15.38        to        15.17        1,423,693        1.65%        23.87%        to        23.62%  
2018      0.40%        to        0.60%        90,901        12.41        to        12.27        1,125,008        2.45%        -11.57%        to        -11.75%  
2017      0.40%        to        0.60%        79,914        14.04        to        13.91        1,119,413        1.78%        8.16%        to        7.95%  
2016      0.40%        to        0.60%        60,134        12.98        to        12.88        778,908        1.83%        11.73%        to        11.50%  

Franklin Templeton Variable Insurance Products Trust - Franklin Rising Dividends VIP Fund: Class 2 (FTVRD2)

 

2020      0.95%        to        2.50%        724,995        40.42        to        36.80        32,143,688        1.27%        14.87%        to        13.07%  
2019      0.95%        to        2.50%        884,745        35.18        to        32.55        34,343,613        1.25%        28.00%        to        26.00%  
2018      0.95%        to        2.50%        1,023,109        27.49        to        25.83        31,155,968        1.28%        -5.98%        to        -7.46%  
2017      0.95%        to        2.50%        1,134,416        29.24        to        27.91        36,931,800        1.52%        19.42%        to        17.55%  
2016      0.95%        to        2.65%        1,368,599        24.48        to        23.24        37,504,818        1.38%        14.94%        to        12.98%  

Franklin Templeton Variable Insurance Products Trust - Franklin Strategic Income VIP Fund: Class 2 (FTVSI2)

 

2020      0.40%        to        0.60%        144,610        11.74        to        11.56        1,693,689        4.57%        3.02%        to        2.81%  
2019      0.40%        to        0.60%        133,696        11.40        to        11.25        1,518,227        5.33%        7.62%        to        7.41%  
2018      0.40%        to        0.60%        112,176        10.59        to        10.47        1,183,956        3.27%        -2.53%        to        -2.73%  
2017      0.40%        to        0.60%        53,163        10.87        to        10.77        574,493        2.48%        4.14%        to        3.93%  
2016      0.40%        to        0.60%        48,249        10.44        to        10.36        502,582        3.51%        7.51%        to        7.29%  

Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2 (FTVSV2)

 

2020      0.40%        to        2.90%        1,718,366        27.07        to        32.61        77,109,801        1.58%        4.77%        to        2.14%  
2019      0.40%        to        2.90%        1,819,674        25.84        to        31.92        78,816,890        1.06%        25.84%        to        22.68%  
2018      0.40%        to        2.90%        2,065,774        20.53        to        26.02        71,681,277        0.90%        -13.23%        to        -15.42%  
2017      0.40%        to        2.90%        2,409,787        23.66        to        30.76        97,555,065        0.51%        10.21%        to        7.45%  
2016      0.40%        to        2.95%        2,890,770        21.47        to        28.43        107,210,709        0.81%        29.67%        to        26.36%  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract Expense
Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

Franklin Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 2 (TIF2)

 

2020      0.75%        to        2.45%        1,212,614        9.14        to        18.44        26,415,652        3.43%        -1.90%        to        -3.58%  
2019      0.75%        to        2.45%        1,265,143        9.31        to        19.12        28,311,161        1.72%        11.68%        to        9.77%  
2018      0.75%        to        2.50%        1,368,003        8.34        to        17.28        27,641,882        2.64%        -16.08%        to        -17.57%  
2017      0.75%        to        2.50%        1,553,378        9.94        to        20.96        37,494,243        2.58%        15.82%        to        13.78%  
2016      0.75%        to        2.65%        1,857,240        8.58        to        18.03        39,197,424        1.98%        6.37%        to        4.34%  

Goldman Sachs Variable Insurance Trust - Goldman Sachs Global Trends Allocation Fund: Service Shares (GVGMNS)

 

2020      0.40%        to        2.50%        755,358        13.11        to        12.11        9,889,514        0.28%        3.70%        to        1.51%  
2019      0.40%        to        2.50%        818,810        12.64        to        11.93        10,469,053        1.44%        11.49%        to        9.14%  
2018      0.40%        to        2.50%        1,013,151        11.34        to        10.93        11,728,509        0.78%        -4.72%        to        -6.74%  
2017      1.15%        to        2.85%        837,816        12.67        to        11.49        10,318,290        0.32%        11.81%        to        9.90%  
2016      0.40%        to        2.85%        788,900        10.56        to        10.45        8,723,469        0.29%        3.92%        to        1.37%  

Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares (GVMSAS)

 

2020      1.30%        to        2.10%        184,874        10.64        to        10.41        1,959,895        2.17%        5.33%        to        4.48%  
2019      1.30%        to        2.10%        161,311        10.10        to        9.97        1,625,373        4.29%        7.41%        to        6.54%  
2018      1.30%        to        1.95%        45,915        9.41        to        9.36        431,187        4.10%        -5.94%        to        -6.36% **** 

Goldman Sachs Variable Insurance Trust - Goldman Sachs Small Cap Equity Insights Fund: Service Shares (GVSSCS)

 

2020      0.40%        to        0.60%        24,309        21.16        to        20.84        512,441        0.00%        7.93%        to        7.71%  
2019      0.40%        to        0.60%        27,823        19.61        to        19.35        543,956        0.16%        24.03%        to        23.79%  
2018      0.40%        to        0.60%        45,953        15.81        to        15.63        725,767        0.27%        -9.19%        to        -9.37%  
2017            0.40%        34,198              17.41        595,327        0.44%              10.78%  
2016            0.40%        12,674              15.71        199,166        1.27%              22.50%  

Guggenheim Variable Fund - Long Short Equity Fund (RSRF)

 

2020            0.40%        677              10.18        6,889        0.86%        4.51%        to        4.51%  
2019            0.40%        637              9.74        6,202        0.58%        5.12%        to        5.12%  
2018            0.40%        565              9.26        5,233        0.00%        -7.38%        to        -7.38% **** 

Guggenheim Variable Fund - Multi-Hedge Strategies (RVARS)

 

2020      0.40%        to        2.55%        1,324,632        11.41        to        9.65        13,727,695        1.32%        6.96%        to        4.65%  
2019      0.40%        to        2.55%        1,412,374        10.67        to        9.22        13,862,116        2.36%        4.59%        to        2.34%  
2018      0.40%        to        2.55%        1,539,831        10.20        to        9.01        14,622,477        0.00%        -5.46%        to        -7.51%  
2017      0.40%        to        2.55%        1,600,038        10.79        to        9.75        16,281,325        0.00%        3.26%        to        1.04%  
2016      0.40%        to        2.55%        1,602,954        10.45        to        9.65        15,991,496        0.10%        -0.88%        to        -3.01%  

Invesco - Invesco V.I. American Franchise Fund: Series II Shares (ACEG2)

 

2020      0.80%        to        2.35%        189,471        34.69        to        30.26        6,224,889        0.00%        40.86%        to        38.66%  
2019      0.80%        to        2.35%        202,090        24.63        to        21.82        4,736,807        0.00%        35.33%        to        33.22%  
2018      0.80%        to        2.35%        231,155        18.20        to        16.38        4,024,939        0.00%        -4.66%        to        -6.16%  
2017      0.80%        to        2.35%        301,486        19.09        to        17.46        5,542,100        0.00%        26.01%        to        24.05%  
2016      0.80%        to        2.40%        265,809        15.15        to        14.04        3,900,925        0.00%        1.20%        to        -0.42%  

Invesco Variable Insurance Funds - Invesco V.I. Balanced-Risk Allocation Fund: Series I Shares (IVBRA1)

 

2020      0.40%        to        0.60%        18,480        14.30        to        14.09        263,316        8.33%        9.78%        to        9.56%  
2019      0.40%        to        0.60%        15,517        13.03        to        12.86        201,364        0.00%        14.75%        to        14.51%  
2018      0.40%        to        0.60%        17,442        11.35        to        11.23        197,412        1.81%        -6.84%        to        -7.02%  
2017      0.40%        to        0.60%        13,983        12.19        to        12.07        169,873        3.76%        9.72%        to        9.50%  
2016      0.40%        to        0.60%        18,926        11.11        to        11.03        209,603        0.44%        11.19%        to        10.97%  

Invesco - Invesco V.I. Mid Cap Core Equity Fund: Series II Shares (IVMCC2)

 

2020      0.40%        to        2.75%        878,800        19.42        to        15.79        15,253,477        0.48%        8.50%        to        5.94%  
2019      0.40%        to        2.75%        923,919        17.90        to        14.90        14,967,027        0.22%        24.54%        to        21.60%  
2018      0.40%        to        2.75%        968,161        14.37        to        12.26        12,767,822        0.11%        -11.95%        to        -14.05%  
2017      0.40%        to        2.75%        1,015,428        16.32        to        14.26        15,406,753        0.31%        14.20%        to        11.51%  
2016      0.40%        to        2.75%        1,095,185        14.29        to        12.79        14,741,264        0.00%        12.71%        to        10.06%  

Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund: Series I (OVAG)

 

2020      0.80%        to        1.40%        715,516        22.95        to        20.25        14,759,687        0.04%        39.56%        to        38.72%  
2019      0.80%        to        1.40%        815,351        16.44        to        14.59        12,110,104        0.00%        38.25%        to        37.41%  
2018      0.80%        to        1.40%        831,417        11.89        to        10.62        8,977,937        0.00%        -6.84%        to        -7.41%  
2017      0.80%        to        1.40%        908,156        12.77        to        11.47        10,581,969        0.03%        27.76%        to        26.99%  
2016      0.80%        to        1.40%        975,796        9.99        to        9.03        8,946,467        0.00%        1.52%        to        0.91%  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract Expense
Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund: Series II (OVAG2)

 

2020      0.65%        to        2.50%        1,174,026        14.73        to        14.54        17,195,800        0.00%        47.27%        to        45.43% **** 

Invesco Oppenheimer V.I. Total Return Bond Fund: Series I (OVB)

 

2020      0.80%        to        1.40%        713,808        19.83        to        18.60        17,447,533        3.20%        8.83%        to        8.17%  
2019      0.80%        to        1.40%        696,890        18.22        to        17.19        15,381,560        3.37%        8.65%        to        7.99%  
2018      0.80%        to        1.40%        792,366        16.77        to        15.92        16,259,089        3.36%        -1.82%        to        -2.42%  
2017      0.80%        to        1.40%        895,835        17.08        to        16.32        18,858,499        2.41%        3.75%        to        3.13%  
2016      0.80%        to        1.40%        1,005,802        16.46        to        15.82        20,477,954        3.69%        2.45%        to        1.83%  

Invesco Oppenheimer V.I. Main Street Fund: Series I (OVGI)

 

2020      0.40%        to        1.40%        459,751        24.32        to        25.45        11,831,165        1.46%        13.49%        to        12.35%  
2019      0.40%        to        1.40%        512,894        21.43        to        22.65        11,737,375        1.08%        31.55%        to        30.23%  
2018      0.40%        to        1.40%        569,239        16.29        to        17.39        9,993,953        1.16%        -8.26%        to        -9.18%  
2017      0.40%        to        1.40%        637,656        17.76        to        19.15        12,330,062        1.25%        16.44%        to        15.28%  
2016      0.40%        to        1.40%        735,994        15.25        to        16.61        12,348,327        1.11%        11.17%        to        10.06%  

Invesco Oppenheimer V.I. Main Street Fund: Series II (OVGIS)

 

2020      0.00%        to        2.90%        4,716,638        -            to        28.32        181,677,490        1.14%        0.00%        to        10.40%  
2019      0.40%        to        2.90%        5,494,477        24.77        to        25.65        188,895,345        0.82%        31.21%        to        27.92%  
2018      0.40%        to        2.90%        6,094,730        18.88        to        20.06        161,754,645        0.92%        -8.47%        to        -10.78%  
2017      0.40%        to        2.90%        6,939,343        20.62        to        22.48        203,551,127        1.03%        16.17%        to        13.26%  
2016      0.40%        to        2.95%        7,923,779        17.75        to        19.71        202,543,598        0.84%        10.85%        to        8.02%  

Invesco Oppenheimer V.I. Global Fund: Series I (OVGS)

 

2020      0.40%        to        1.40%        1,444,320        23.79        to        98.26        150,555,876        0.69%        27.13%        to        25.85%  
2019      0.40%        to        1.40%        1,606,006        18.72        to        78.08        133,050,649        0.91%        31.26%        to        29.94%  
2018      0.40%        to        1.40%        1,827,157        14.26        to        60.08        116,015,704        1.00%        -13.53%        to        -14.40%  
2017      0.40%        to        1.40%        2,024,915        16.49        to        70.19        151,214,950        0.93%        36.12%        to        34.76%  
2016      0.40%        to        1.40%        2,245,312        12.11        to        52.09        124,765,649        1.06%        -0.32%        to        -1.32%  

Invesco Oppenheimer V.I. Global Fund: Series II (OVGSS)

 

2020      0.65%        to        2.80%        2,557,041        19.96        to        41.19        136,993,181        0.43%        26.51%        to        23.77%  
2019      0.65%        to        2.80%        2,963,169        15.78        to        33.28        126,384,297        0.67%        30.60%        to        27.77%  
2018      0.65%        to        2.80%        3,193,358        12.08        to        26.04        105,446,548        0.76%        -13.96%        to        -15.83%  
2017      0.75%        to        2.80%        3,336,860        13.99        to        30.94        128,948,416        0.72%        35.30%        to        32.52%  
2016      0.75%        to        2.80%        3,380,606        10.34        to        23.35        98,153,725        0.77%        -0.90%        to        -2.95%  

Invesco Oppenheimer V.I. International Growth Fund: Series I (OVIG)

 

2020      0.40%        to        0.60%        104,238        16.77        to        16.52        1,740,026        0.90%        21.02%        to        20.77%  
2019      0.40%        to        0.60%        124,703        13.86        to        13.68        1,722,366        1.04%        28.09%        to        27.83%  
2018      0.40%        to        0.60%        121,300        10.82        to        10.70        1,308,781        0.89%        -19.74%        to        -19.90%  
2017      0.40%        to        0.60%        88,438        13.48        to        13.36        1,189,825        1.24%        25.79%        to        25.54%  
2016      0.40%        to        0.60%        54,895        10.72        to        10.64        587,155        1.13%        -2.51%        to        -2.70%  

Invesco Oppenheimer V.I. International Growth Fund: Series II (OVIGS)

 

2020      0.95%        to        2.85%        5,258,596        12.89        to        11.88        68,309,809        0.63%        28.93%        to        17.59%  
2019      1.10%        to        2.85%        5,652,376        11.17        to        10.10        61,577,746        0.71%        26.54%        to        24.31%  
2018      1.10%        to        2.85%        5,495,598        8.83        to        8.12        47,474,543        0.59%        -20.44%        to        -21.86%  
2017      1.10%        to        2.85%        5,217,271        11.10        to        10.40        56,888,078        1.10%        25.06%        to        22.85%  
2016      1.10%        to        2.55%        3,977,900        8.88        to        8.53        34,817,879        0.82%        -3.78%        to        -5.19%  

Invesco Oppenheimer V.I. Conservative Balanced Fund: Series I (OVMS)

 

2020      0.80%        to        1.40%        587,607        34.93        to        34.27        25,020,942        2.09%        13.94%        to        13.25%  
2019      0.80%        to        1.40%        618,103        30.66        to        30.26        23,174,078        2.25%        16.57%        to        15.87%  
2018      0.80%        to        1.40%        706,855        26.30        to        26.11        22,852,383        1.97%        -6.08%        to        -6.65%  
2017      0.80%        to        1.40%        809,186        28.00        to        27.98        27,949,237        1.96%        8.38%        to        7.73%  
2016      0.80%        to        1.40%        916,811        25.83        to        25.97        29,449,566        2.37%        4.42%        to        3.79%  

Invesco Oppenheimer V.I. Global Strategic Income Fund: Series I (OVSB)

 

2020      0.80%        to        1.40%        136,629        11.87        to        11.29        1,556,211        5.65%        2.57%        to        1.95%  
2019      0.80%        to        1.40%        152,056        11.57        to        11.07        1,696,709        3.69%        9.92%        to        9.25%  
2018      0.80%        to        1.40%        139,910        10.52        to        10.14        1,425,090        5.14%        -5.17%        to        -5.74%  
2017      0.80%        to        1.40%        163,993        11.10        to        10.75        1,771,062        2.37%        5.42%        to        4.79%  
2016      0.80%        to        1.40%        178,847        10.53        to        10.26        1,841,821        4.91%        5.68%        to        5.05%  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract Expense
Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

Invesco Oppenheimer V.I. Global Strategic Income Fund: Series II (OVSBS)

 

2020      0.75%        to        2.25%        426,549        11.67        to        10.31        4,692,036        5.34%        2.22%        to        0.67%  
2019      0.75%        to        2.25%        550,096        11.42        to        10.24        5,970,206        3.35%        9.78%        to        8.12%  
2018      0.75%        to        2.25%        639,787        10.40        to        9.47        6,361,027        4.57%        -5.26%        to        -6.70%  
2017      0.75%        to        2.25%        756,811        10.98        to        10.15        8,003,732        1.97%        5.24%        to        3.66%  
2016      0.75%        to        2.30%        821,814        10.43        to        9.77        8,318,897        4.55%        5.47%        to        3.83%  

Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series I (OVSC)

 

2020      0.80%        to        1.40%        200,490        29.31        to        26.81        5,442,363        0.62%        18.97%        to        18.25%  
2019      0.80%        to        1.40%        221,936        24.64        to        22.68        5,091,127        0.21%        25.46%        to        24.70%  
2018      0.80%        to        1.40%        294,895        19.64        to        18.18        5,417,265        0.31%        -11.04%        to        -11.59%  
2017      0.80%        to        1.40%        337,046        22.08        to        20.57        6,996,670        0.87%        13.25%        to        12.56%  
2016      0.80%        to        1.40%        397,141        19.49        to        18.27        7,320,331        0.50%        17.11%        to        16.41%  

Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series II (OVSCS)

 

2020      0.00%        to        2.85%        2,140,606        -            to        39.30        113,886,441        0.36%        0.00%        to        16.23%  
2019      0.40%        to        2.85%        2,265,629        27.15        to        33.81        102,406,393        0.00%        25.63%        to        22.54%  
2018      0.40%        to        2.85%        2,344,905        21.61        to        27.59        85,343,599        0.06%        -10.90%        to        -13.10%  
2017      0.40%        to        2.85%        2,482,580        24.26        to        31.75        102,511,016        0.65%        13.46%        to        10.67%  
2016      0.40%        to        2.85%        2,592,935        21.38        to        28.69        95,724,851        0.25%        17.20%        to        14.33%  

Ivy Variable Insurance Portfolios - Asset Strategy: Class II (WRASP)

 

2020      0.40%        to        2.85%        7,535,428        22.53        to        16.85        145,790,113        1.97%        13.42%        to        10.63%  
2019      0.40%        to        2.85%        8,769,928        19.87        to        15.23        151,627,922        2.06%        21.29%        to        18.31%  
2018      0.40%        to        2.85%        9,932,830        16.38        to        12.87        143,522,530        1.78%        -5.82%        to        -8.15%  
2017      0.40%        to        2.85%        11,348,594        17.39        to        14.02        176,379,301        1.54%        17.80%        to        14.91%  
2016      0.40%        to        2.85%        13,254,020        14.76        to        12.20        177,205,766        0.58%        -2.96%        to        -5.34%  

Ivy Variable Insurance Portfolios - Energy: Class II (WRENG)

 

2020      0.40%        to        0.60%        12,952        4.08        to        4.06        52,658        1.91%        -37.09%        to        -37.21%  
2019            0.40%        1,519              6.49        9,861        0.00%              3.06%  
2018            0.40%        372              6.30        2,343        0.00%              -37.01%   **** 

Ivy Variable Insurance Portfolios - High Income: Class II (WRHIP)

 

2020      0.40%        to        2.85%        4,488,157        13.77        to        12.79        63,866,020        7.23%        5.60%        to        3.01%  
2019      0.40%        to        2.85%        5,342,452        13.04        to        12.41        72,891,772        6.66%        10.75%        to        8.02%  
2018      0.40%        to        2.85%        6,336,517        11.77        to        11.49        78,969,207        6.45%        -2.51%        to        -4.92%  
2017      0.40%        to        2.85%        7,155,562        12.08        to        12.09        92,623,447        6.57%        6.25%        to        3.65%  
2016      0.40%        to        2.85%        7,643,664        11.37        to        11.66        94,084,258        7.32%        15.72%        to        12.89%  

Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II (WRMCG)

 

2020      0.40%        to        2.85%        6,085,246        35.83        to        28.88        196,974,311        0.00%        48.41%        to        44.76%  
2019      0.40%        to        2.85%        5,847,898        24.15        to        19.95        128,785,824        0.00%        37.39%        to        34.01%  
2018      0.40%        to        2.85%        5,510,204        17.57        to        14.89        89,351,754        0.00%        -0.46%        to        -2.92%  
2017      0.40%        to        2.85%        4,933,082        17.66        to        15.33        81,261,860        0.00%        26.39%        to        23.29%  
2016      0.40%        to        2.85%        4,939,721        13.97        to        12.44        65,172,036        0.00%        5.69%        to        3.10%  

Ivy Variable Insurance Portfolios - Pathfinder Aggressive: Class II (WRPAP)

 

2020            0.60%        573              20.28        11,618        1.44%        15.01%        to        15.01%  
2019      0.40%        to        0.60%        567              17.63        9,996        3.59%        22.50%        to        22.50%  
2018      0.40%        to        0.60%        1,382        14.56        to        14.39        20,024        2.05%        -4.65%        to        -4.84%  
2017            0.60%        584              15.12        8,833        0.50%              19.12%  
2016      0.40%        to        0.60%        3,698        12.79        to        12.70        47,246        1.48%        4.39%        to        1270.00%  

Ivy Variable Insurance Portfolios - Pathfinder Conservative: Class II (WRPCP)

 

2020      0.00%        to        0.40%        143,515        -            to        19.30        2,769,683        1.65%        0.00%        to        1930.00%  
2019            0.40%        64,536              17.20        1,109,891        2.15%              14.20%  
2018      0.40%        to        0.60%        85,500        15.06        to        14.79        1,286,585        1.00%        -2.32%        to        -2.52%  
2017      0.40%        to        0.60%        117,558        15.42        to        15.17        1,811,530        0.90%        10.07%        to        9.85%  
2016      0.40%        to        0.60%        207,446        14.01        to        13.81        2,905,030        1.19%        2.43%        to        2.23%  

Ivy Variable Insurance Portfolios - Pathfinder Moderately Aggressive: Class II (WRPMAP)

 

2020      0.40%        to        0.60%        1,459,120        24.89        to        24.34        36,310,730        1.81%        14.66%        to        14.43%  
2019      0.40%        to        0.60%        1,964,771        21.70        to        21.27        42,643,759        2.75%        20.91%        to        20.67%  
2018      0.40%        to        0.60%        2,422,804        17.95        to        17.63        43,489,258        1.75%        -5.09%        to        -5.28%  
2017      0.40%        to        0.60%        2,657,314        18.91        to        18.61        50,256,846        0.85%        16.25%        to        16.02%  
2016      0.40%        to        0.60%        3,151,597        16.27        to        16.04        51,268,778        1.60%        4.10%        to        3.89%  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract Expense
Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

Ivy Variable Insurance Portfolios - Pathfinder Moderately Aggressive - Managed Volatility: Class II (WRPMAV)

 

2020      0.40%        to        0.60%        296,203        16.05        to        15.81        4,735,681        1.42%        9.28%        to        9.06%  
2019      0.40%        to        0.60%        376,811        14.68        to        14.50        5,519,034        2.37%        18.82%        to        18.58%  
2018      0.40%        to        0.60%        614,350        12.36        to        12.23        7,577,401        1.31%        -5.13%        to        -5.33%  
2017      0.40%        to        0.60%        789,280        13.03        to        12.91        10,268,091        0.47%        15.23%        to        15.00%  
2016      0.40%        to        0.60%        978,660        11.31        to        11.23        11,054,154        0.89%        1.95%        to        1.75%  

Ivy Variable Insurance Portfolios - Pathfinder Moderately Conservative: Class II (WRPMCP)

 

2020      0.00%        to        0.60%        252,545        -            to        20.70        5,345,758        1.84%        0.00%        to        12.84%  
2019      0.40%        to        0.60%        275,259        18.73        to        18.35        5,153,543        2.33%        16.38%        to        16.14%  
2018      0.40%        to        0.60%        292,690        16.09        to        15.80        4,708,783        1.30%        -3.06%        to        -3.25%  
2017      0.40%        to        0.60%        395,400        16.60        to        16.33        6,562,108        0.82%        12.32%        to        12.09%  
2016      0.40%        to        0.60%        450,483        14.78        to        14.57        6,656,559        1.31%        2.69%        to        2.48%  

Ivy Variable Insurance Portfolios - Pathfinder Moderately Conservative - Managed Volatility: Class II (WRPMCV)

 

2020      0.40%        to        0.60%        90,018        14.66        to        14.45        1,317,329        1.60%        9.17%        to        8.95%  
2019      0.40%        to        0.60%        132,892        13.43        to        13.26        1,782,768        1.68%        14.43%        to        14.20%  
2018      0.40%        to        0.60%        138,108        11.74        to        11.61        1,619,392        0.84%        -3.29%        to        -3.48%  
2017      0.40%        to        0.60%        170,612        12.14        to        12.03        2,069,210        0.45%        11.40%        to        11.18%  
2016      0.40%        to        0.60%        176,118        10.89        to        10.82        1,917,733        0.56%        0.80%        to        0.60%  

Ivy Variable Insurance Portfolios - Pathfinder Moderate - Managed Volatility: Class II (WRPMMV)

 

2020      0.40%        to        0.60%        312,191        15.37        to        15.15        4,763,513        1.34%        8.63%        to        8.41%  
2019      0.40%        to        0.60%        355,682        14.15        to        13.97        5,004,356        1.88%        16.86%        to        16.62%  
2018      0.40%        to        0.60%        427,741        12.11        to        11.98        5,159,747        0.96%        -4.39%        to        -4.58%  
2017      0.40%        to        0.60%        434,074        12.67        to        12.55        5,480,390        0.46%        13.35%        to        13.12%  
2016      0.40%        to        0.60%        594,742        11.17        to        11.10        6,633,673        0.61%        1.41%        to        1.20%  

Ivy Variable Insurance Portfolios - Pathfinder Moderate: Class II (WRPMP)

 

2020      0.00%        to        0.60%        872,712        -            to        22.38        19,901,998        1.83%        0.00%        to        13.66%  
2019      0.40%        to        0.60%        1,090,124        20.10        to        19.69        21,895,578        2.64%        18.58%        to        18.34%  
2018      0.40%        to        0.60%        1,360,385        16.95        to        16.64        23,045,587        1.41%        -4.29%        to        -4.48%  
2017      0.40%        to        0.60%        1,572,218        17.71        to        17.42        27,829,778        0.77%        14.24%        to        14.01%  
2016      0.40%        to        0.60%        1,897,746        15.50        to        15.28        29,408,209        1.32%        3.23%        to        3.02%  

JPMorgan Insurance Trust - JPMorgan Insurance Trust Core Bond Portfolio: Class 2 (JPICB2)

 

2020      0.40%        to        2.40%        1,667,764        10.70        to        10.44        17,635,656        1.35%        7.25%        to        5.10%  
2019      0.40%        to        1.75%        131,850        9.97        to        9.94        1,312,888        0.00%        -0.27%        to        -0.56% **** 

JPMorgan Insurance Trust - JPMorgan Insurance Trust Mid Cap Value Portfolio: Class 1 (JPMMV1)

 

2020      0.80%        to        1.40%        276,962        36.61        to        33.09        9,285,126        1.49%        -0.43%        to        -1.04%  
2019      0.80%        to        1.40%        332,614        36.77        to        33.44        11,261,759        1.64%        25.75%        to        24.99%  
2018      0.80%        to        1.40%        387,327        29.24        to        26.75        10,479,437        0.97%        -12.55%        to        -13.08%  
2017      0.80%        to        1.40%        469,253        33.44        to        30.78        14,600,047        0.81%        12.86%        to        12.18%  
2016      0.80%        to        1.40%        535,946        29.63        to        27.44        14,855,704        0.87%        13.78%        to        13.09%  

Janus Aspen Series - Janus Henderson Balanced Portfolio: Service Shares (JABS)

 

2020      0.40%        to        2.20%        273,700        13.80        to        32.80        10,116,328        1.48%        13.57%        to        11.52%  
2019      0.40%        to        2.20%        313,524        12.15        to        29.41        9,799,803        1.64%        21.78%        to        19.58%  
2018      0.40%        to        2.20%        395,535        9.97        to        24.60        9,580,583        1.76%        -0.26%        to        -1.79%  
2017      0.95%        to        2.20%        366,508        27.75        to        25.05        10,161,366        1.38%        17.02%        to        15.54%  
2016      0.95%        to        2.20%        392,370        23.72        to        21.68        9,324,473        1.95%        3.34%        to        2.03%  

Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares (JACAS)

 

2020      0.40%        to        2.75%        2,750,213        40.15        to        57.92        157,842,388        0.17%        38.48%        to        35.21%  
2019      0.40%        to        2.75%        3,296,707        28.99        to        42.83        138,633,314        0.02%        36.30%        to        33.09%  
2018      0.40%        to        2.75%        3,720,030        21.27        to        32.18        117,359,769        1.24%        1.31%        to        -1.09%  
2017      0.40%        to        2.75%        4,346,116        21.00        to        32.54        137,560,937        0.00%        29.48%        to        26.43%  
2016      0.40%        to        2.75%        5,035,118        16.22        to        25.74        125,005,211        0.87%        1.54%        to        -0.85%  

Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares (JAFBS)

 

2020      0.40%        to        2.85%        7,902,412        12.13        to        10.53        90,145,783        2.42%        9.81%        to        7.11%  
2019      0.40%        to        2.85%        6,400,630        11.04        to        9.83        67,151,605        2.87%        8.84%        to        6.16%  
2018      0.40%        to        2.85%        6,585,369        10.15        to        9.26        64,146,071        2.77%        -1.68%        to        -4.12%  
2017      0.40%        to        2.85%        5,597,484        10.32        to        9.66        56,031,070        2.60%        2.94%        to        0.42%  
2016      0.40%        to        2.85%        4,859,004        10.02        to        9.62        47,777,798        2.72%        1.81%        to        -0.68%  

Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares (JAGTS)

 

2020      0.40%        to        2.85%        6,692,192        51.19        to        44.03        255,649,680        0.00%        50.13%        to        46.44%  
2019      0.40%        to        2.85%        6,662,451        34.10        to        30.07        175,244,593        0.40%        44.24%        to        40.69%  
2018      0.40%        to        2.85%        6,599,469        23.64        to        21.37        122,975,804        1.08%        0.50%        to        -1.98%  
2017      0.40%        to        2.85%        6,516,353        23.52        to        21.80        122,662,647        0.43%        44.33%        to        40.80%  
2016      0.40%        to        2.85%        5,095,862        16.30        to        15.48        68,797,970        0.09%        13.40%        to        10.62%  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract Expense
Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

Janus Aspen Series - Janus Henderson Overseas Portfolio: Service Shares (JAIGS)

 

2020      0.75%        to        2.65%        1,470,600        13.08        to        30.31        36,077,653        1.20%        15.15%        to        12.95%  
2019      0.75%        to        2.65%        1,702,037        11.36        to        26.84        36,738,733        1.83%        25.76%        to        23.35%  
2018      0.75%        to        2.65%        1,925,759        9.03        to        21.76        33,438,105        1.66%        -15.78%        to        -17.40%  
2017      0.75%        to        2.75%        2,189,258        10.73        to        24.48        45,520,689        1.56%        29.83%        to        27.22%  
2016      0.75%        to        2.75%        2,427,421        8.26        to        19.24        39,342,933        5.01%        -7.41%        to        -9.27%  

Janus Aspen Series - Janus Henderson Enterprise Portfolio: Service Shares (JAMGS)

 

2020      0.40%        to        1.15%        73,688        31.49        to        29.72        2,299,064        0.00%        18.71%        to        26.93%  
2019      0.40%        to        0.60%        77,654        26.53        to        26.17        2,053,042        0.05%        34.62%        to        34.35%  
2018      0.40%        to        0.60%        91,628        19.71        to        19.48        1,800,769        0.16%        -1.06%        to        -1.26%  
2017      0.40%        to        0.60%        35,322        19.92        to        19.73        702,177        0.46%        26.58%        to        26.33%  
2016      0.40%        to        0.60%        14,228        15.73        to        15.62        223,445        0.72%        11.66%        to        11.43%  

Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares (LZREMS)

 

2020      0.40%        to        2.80%        4,455,162        10.77        to        9.25        43,856,657        2.64%        -1.67%        to        -4.04%  
2019      0.40%        to        2.75%        4,475,407        10.95        to        9.67        45,259,957        0.88%        17.67%        to        14.89%  
2018      0.40%        to        2.85%        4,904,233        9.30        to        8.38        42,606,559        1.92%        -18.88%        to        -20.89%  
2017      0.40%        to        2.85%        4,480,686        11.47        to        10.59        48,516,913        1.93%        27.32%        to        24.20%  
2016      0.40%        to        2.85%        4,087,331        9.01        to        8.52        35,091,210        1.28%        20.30%        to        17.35%  

Lord Abbett Series Fund, Inc. - Short Duration Income Portfolio: Class VC (LOVSDC)

 

2020      0.40%        to        1.45%        74,499        10.87        to        10.33        797,434        3.51%        2.72%        to        3.34%  
2019      0.40%        to        0.60%        24,509        10.59        to        10.55        259,230        3.20%        4.64%        to        4.43%  
2018      0.40%        to        0.60%        3,299        10.12        to        10.10        33,333        4.36%        1.16%        to        1.03% **** 

Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC (LOVTRC)

 

2020      0.40%        to        2.85%        5,558,265        11.82        to        10.53        62,781,398        2.63%        7.00%        to        4.37%  
2019      0.40%        to        2.85%        4,806,220        11.05        to        10.09        51,206,073        2.87%        7.98%        to        5.32%  
2018      0.40%        to        2.85%        3,894,839        10.23        to        9.58        38,813,179        3.68%        -1.42%        to        -3.86%  
2017      0.40%        to        2.85%        2,660,651        10.38        to        9.96        27,146,077        3.22%        3.45%        to        0.91%  
2016      0.40%        to        2.85%        1,134,112        10.03        to        9.87        11,295,234        4.65%        0.34%        to        -1.30% **** 

MainStay VP Funds Trust - MainStay VP MacKay Convertible Portfolio: Service 2 Class (MNCPS2)

 

2020      0.40%        to        1.35%        17,232        15.48        to        13.06        264,188        0.43%        35.03%        to        30.58%  
2019      0.40%        to        0.60%        7,458        11.46        to        11.43        85,441        1.01%        21.54%        to        21.30%  
2018      0.40%        to        0.60%        4,444        9.43        to        9.42        41,888        0.65%        -5.68%        to        -5.81% **** 

MFS(R) Variable Insurance Trust II - MFS Massachusetts Investors Growth Stock Portfolio: Service Class (M2IGSS)

 

2020      0.95%        to        2.30%        323,675        21.66        to        20.01        6,781,997        0.22%        21.04%        to        19.39%  
2019      0.95%        to        2.30%        391,705        17.89        to        16.76        6,823,648        0.34%        38.26%        to        36.37%  
2018      0.95%        to        2.30%        427,471        12.94        to        12.29        5,420,401        0.34%        -0.38%        to        -1.75%  
2017      0.95%        to        2.30%        485,616        12.99        to        12.51        6,216,844        0.41%        26.89%        to        25.16%  
2016      0.95%        to        2.30%        601,619        10.24        to        9.99        6,098,868        0.38%        4.84%        to        3.41%  

MFS(R) Variable Insurance Trust - MFS New Discovery Series: Service Class (MNDSC)

 

2020      0.40%        to        2.80%        2,835,105        35.39        to        28.65        91,032,268        0.00%        45.00%        to        41.51%  
2019      0.40%        to        2.80%        3,012,031        24.41        to        20.25        67,089,712        0.00%        40.71%        to        37.32%  
2018      0.40%        to        2.80%        2,337,791        17.35        to        14.74        37,462,273        0.00%        -2.11%        to        -4.49%  
2017      0.40%        to        2.80%        2,308,380        17.72        to        15.44        38,147,836        0.00%        25.83%        to        22.81%  
2016      0.40%        to        2.80%        1,975,791        14.08        to        12.57        26,229,003        0.00%        8.36%        to        5.76%  

MFS(R) Variable Insurance Trust II - MFS Research International Portfolio: Service Class (MV2RIS)

 

2020      1.15%        to        2.40%        151,059        13.34        to        13.22        2,009,809        0.83%        33.36%        to        32.23% **** 

MFS(R) Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Service Class (MV3MVS)

 

2020      1.15%        to        2.40%        303,787        13.65        to        13.53        4,126,462        0.42%        36.49%        to        35.34% **** 

MFS(R) Variable Insurance Trust - MFS Value Series: Service Class (MVFSC)

 

2020      0.40%        to        2.90%        9,837,182        24.56        to        29.12        380,449,667        1.35%        2.81%        to        0.23%  
2019      0.40%        to        2.90%        10,092,360        23.89        to        29.05        383,956,790        1.87%        28.99%        to        25.75%  
2018      0.40%        to        2.90%        11,370,541        18.52        to        23.10        339,385,908        1.31%        -10.72%        to        -12.97%  
2017      0.40%        to        2.90%        12,465,206        20.75        to        26.55        422,395,200        1.72%        16.88%        to        13.96%  
2016      0.40%        to        2.95%        13,487,674        17.75        to        23.13        396,228,612        1.89%        13.32%        to        10.43%  

MFS(R) Variable Insurance Trust II - MFS International Growth Portfolio: Service Class (MVIGSC)

 

2020      0.40%        to        2.50%        1,108,316        12.57        to        12.13        13,698,901        1.46%        15.04%        to        12.61%  
2019      0.60%        to        2.00%        208,542        10.91        to        10.81        2,261,362        0.64%        9.09%        to        8.06% **** 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract Expense
Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

MFS(R) Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Service Class (MVIVSC)

 

2020      0.40%        to        2.85%        12,241,240        29.15        to        22.36        316,939,311        0.78%        19.73%        to        16.78%  
2019      0.40%        to        2.85%        13,810,529        24.35        to        19.14        301,384,233        1.46%        25.15%        to        22.07%  
2018      0.40%        to        2.85%        14,677,349        19.46        to        15.68        258,562,131        0.91%        -10.09%        to        -12.31%  
2017      0.40%        to        2.85%        15,131,602        21.64        to        17.88        299,395,315        1.32%        26.31%        to        23.22%  
2016      0.40%        to        2.85%        14,144,359        17.13        to        14.51        224,168,969        1.15%        3.43%        to        0.89%  

MFS(R) Variable Insurance Trust - MFS Total Return Bond Series: Service Class (MVRBSS)

 

2020      1.15%        to        1.45%        28,447        10.49        to        10.47        298,097        0.88%        4.91%        to        4.73% **** 

MFS(R) Variable Insurance Trust - MFS Utilities Series: Service Class (MVUSC)

 

2020      0.40%        to        0.60%        13,983        16.64        to        16.39        230,456        2.34%        5.20%        to        4.99%  
2019      0.40%        to        0.60%        13,924        15.82        to        15.61        218,369        3.78%        24.30%        to        24.05%  
2018      0.40%        to        0.60%        13,773        12.73        to        12.58        173,720        0.78%        0.41%        to        0.20%  
2017      0.40%        to        0.60%        14,544        12.67        to        12.56        183,219        4.14%        14.04%        to        13.81%  
2016      0.40%        to        0.60%        13,452        11.11        to        11.03        148,800        3.44%        10.79%        to        10.57%  

The Merger Fund VL - The Merger Fund VL (MGRFV)

 

2020            0.40%        516              12.22        6,307        0.00%        6.95%        to        6.95%  
2019            0.40%        575              11.43        6,572        0.99%        5.74%        to        5.74%  

Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class I (MSEM)

 

2020      0.80%        to        1.40%        37,333        36.69        to        31.82        1,205,965        4.52%        4.70%        to        4.07%  
2019      0.80%        to        1.40%        42,170        35.04        to        30.58        1,309,121        5.32%        13.34%        to        12.65%  
2018      0.80%        to        1.40%        47,440        30.92        to        27.14        1,306,054        5.77%        -7.69%        to        -8.26%  
2017      0.80%        to        1.40%        58,179        33.49        to        29.58        1,746,085        5.37%        8.83%        to        8.18%  
2016      0.80%        to        1.40%        64,563        30.77        to        27.35        1,789,500        5.54%        9.67%        to        9.01%  

Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class II (MSEMB)

 

2020      0.40%        to        1.85%        28,858        12.18        to        25.59        523,594        4.44%        5.11%        to        3.58%  
2019      0.40%        to        1.85%        33,426        11.59        to        24.70        575,441        5.27%        13.71%        to        12.06%  
2018      0.40%        to        1.85%        36,142        10.19        to        22.04        545,549        5.79%        -7.42%        to        -8.77%  
2017      0.40%        to        2.05%        43,423        11.01        to        23.44        699,184        5.50%        9.15%        to        7.35%  
2016      0.40%        to        2.05%        34,535        10.09        to        21.83        601,667        5.40%        10.14%        to        8.32%  

Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II (MSGI2)

 

2020      0.40%        to        2.40%        1,024,329        12.18        to        10.86        11,680,553        1.41%        -1.83%        to        -3.80%  
2019      0.40%        to        2.85%        1,125,057        12.41        to        11.05        13,205,984        2.56%        27.36%        to        24.22%  
2018      0.40%        to        2.85%        1,195,515        9.75        to        8.89        11,151,713        2.71%        -8.26%        to        -10.53%  
2017      0.40%        to        2.85%        1,286,043        10.62        to        9.94        13,234,445        2.32%        12.09%        to        9.35%  
2016      0.40%        to        2.85%        964,729        9.48        to        9.09        8,963,172        2.04%        14.51%        to        11.70%  

Morgan Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class II (MSVF2)

 

2020      0.95%        to        2.45%        626,449        17.30        to        13.11        9,812,067        2.68%        6.53%        to        4.91%  
2019      0.95%        to        2.45%        714,861        16.24        to        12.50        10,538,872        3.82%        9.56%        to        7.90%  
2018      0.95%        to        2.45%        694,470        14.82        to        11.58        9,391,779        2.31%        -1.86%        to        -3.35%  
2017      0.95%        to        2.45%        759,666        15.10        to        11.99        10,536,969        2.90%        4.89%        to        3.31%  
2016      0.95%        to        2.45%        799,543        14.40        to        11.60        10,604,673        1.66%        4.86%        to        3.27%  

Morgan Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class I (MSVFI)

 

2020      0.80%        to        1.40%        146,420        17.17        to        15.70        2,329,063        2.67%        6.94%        to        6.29%  
2019      0.80%        to        1.40%        181,090        16.05        to        14.78        2,706,989        4.20%        9.99%        to        9.33%  
2018      0.80%        to        1.40%        190,500        14.59        to        13.51        2,604,041        2.39%        -1.45%        to        -2.05%  
2017      0.80%        to        1.40%        172,681        14.81        to        13.80        2,405,559        3.21%        5.40%        to        4.76%  
2016      0.80%        to        1.40%        164,356        14.05        to        13.17        2,183,887        2.00%        5.26%        to        4.63%  

Morgan Stanley Variable Insurance Fund, Inc. - Global Real Estate Portfolio: Class II (VKVGR2)

 

2020      0.40%        to        2.55%        27,077        10.48        to        9.18        275,094        4.48%        -15.19%        to        -17.02%  
2019      0.40%        to        2.55%        28,285        12.35        to        11.06        341,682        2.65%        17.58%        to        15.05%  
2018      0.40%        to        2.55%        34,671        10.51        to        9.62        358,146        3.11%        -8.57%        to        -10.55%  
2017      0.40%        to        2.55%        18,964        11.49        to        10.75        216,047        2.37%        9.27%        to        6.92%  
2016      0.40%        to        2.55%        41,570        10.52        to        10.05        436,532        1.27%        2.71%        to        0.50%  

Nationwide Variable Insurance Trust - DoubleLine NVIT Total Return Tactical Fund: Class II (DTRTFB)

 

2020      0.40%        to        2.80%        984,962        11.14        to        10.44        10,660,727        2.51%        3.33%        to        0.84%  
2019      0.40%        to        2.80%        825,933        10.78        to        10.35        8,739,047        4.00%        6.16%        to        3.60%  
2018      0.40%        to        2.40%        327,763        10.16        to        10.02        3,305,170        4.11%        1.56%        to        0.19% **** 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract Expense
Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class I (EIF)

 

2020      0.40%        to        0.60%        246,406        20.29        to        19.98        4,972,990        1.85%        3.21%        to        3.01%  
2019      0.40%        to        0.60%        224,130        19.66        to        19.40        4,386,568        1.93%        26.80%        to        26.55%  
2018      0.40%        to        0.60%        207,195        15.50        to        15.33        3,200,981        2.56%        -7.63%        to        -7.82%  
2017      0.40%        to        0.60%        64,704        16.78        to        16.63        1,084,015        4.50%        17.52%        to        17.29%  
2016      0.40%        to        0.60%        15,125        14.28        to        14.18        215,630        2.58%        17.42%        to        17.18%  

Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class II (EIF2)

 

2020      0.40%        to        2.90%        10,097,888        24.47        to        25.56        365,770,918        1.64%        2.93%        to        0.35%  
2019      0.40%        to        2.90%        9,239,208        23.78        to        25.47        327,350,159        1.75%        26.50%        to        23.32%  
2018      0.40%        to        2.90%        8,038,252        18.80        to        20.65        226,539,313        1.71%        -7.83%        to        -10.16%  
2017      0.40%        to        2.90%        6,803,971        20.39        to        22.99        208,825,609        3.09%        17.22%        to        14.29%  
2016      0.40%        to        2.95%        6,230,456        17.40        to        19.97        164,047,875        2.16%        17.10%        to        14.11%  

Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I (GBF)

 

2020      0.40%        to        2.90%        10,223,988        14.03        to        10.50        185,949,751        2.08%        5.66%        to        3.01%  
2019      0.40%        to        2.90%        9,956,482        13.28        to        10.20        171,404,321        2.19%        5.85%        to        3.19%  
2018      0.40%        to        2.90%        12,354,850        12.54        to        9.88        194,998,578        2.11%        -0.45%        to        -2.96%  
2017      0.40%        to        2.90%        12,420,978        12.60        to        10.18        202,152,690        2.07%        1.68%        to        -0.87%  
2016      0.40%        to        2.95%        13,597,359        12.39        to        10.20        218,300,104        1.86%        0.34%        to        -2.22%  

Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class II (GBF2)

 

2020      1.15%        to        1.45%        25,052        10.00        to        9.98        250,474        1.61%        -0.01%        to        -0.18% **** 

Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class I (GEM)

 

2020      0.40%        to        1.40%        320,088        13.44        to        28.35        8,442,330        1.88%        12.85%        to        11.71%  
2019      0.40%        to        1.40%        374,687        11.91        to        25.38        8,798,661        2.37%        22.45%        to        21.22%  
2018      0.40%        to        1.40%        400,658        9.73        to        20.93        7,946,756        0.64%        -17.75%        to        -18.58%  
2017      0.40%        to        1.40%        452,326        11.82        to        25.71        11,025,859        1.38%        40.94%        to        39.53%  
2016      0.40%        to        1.40%        426,004        8.39        to        18.43        7,799,060        0.81%        7.29%        to        6.21%  

Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class II (GEM2)

 

2020      0.75%        to        2.80%        1,426,598        13.42        to        30.35        54,869,952        1.71%        12.15%        to        9.83%  
2019      0.75%        to        2.80%        1,580,746        11.97        to        27.63        54,828,054        2.19%        21.75%        to        19.23%  
2018      0.75%        to        2.80%        1,701,880        9.83        to        23.17        48,869,518        0.43%        -18.28%        to        -19.98%  
2017      0.75%        to        2.80%        1,953,769        12.03        to        28.96        67,991,928        0.95%        40.16%        to        37.28%  
2016      0.75%        to        2.80%        1,775,366        8.58        to        21.10        45,333,109        0.81%        6.67%        to        4.48%  

Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class I (GIG)

 

2020      0.40%        to        1.40%        812,767        14.88        to        17.06        13,883,721        1.19%        7.52%        to        6.44%  
2019      0.40%        to        1.40%        887,888        13.84        to        16.02        14,250,205        2.48%        18.64%        to        17.45%  
2018      0.40%        to        1.40%        1,056,569        11.67        to        13.64        14,455,330        2.01%        -14.88%        to        -15.74%  
2017      0.40%        to        1.40%        1,111,699        13.71        to        16.19        18,155,383        1.70%        26.94%        to        25.67%  
2016      0.40%        to        1.40%        1,229,114        10.80        to        12.88        15,966,524        2.09%        0.47%        to        -0.54%  

Nationwide Variable Insurance Trust - American Funds NVIT Asset Allocation Fund: Class II (GVAAA2)

 

2020      0.40%        to        3.00%        324,647,280        32.06        to        17.23        7,049,209,443        1.48%        11.55%        to        8.64%  
2019      0.40%        to        3.00%        344,268,967        28.74        to        15.86        6,765,651,488        1.62%        20.30%        to        17.16%  
2018      0.40%        to        3.00%        363,160,318        23.89        to        13.54        5,986,647,628        1.18%        -5.36%        to        -7.85%  
2017      0.40%        to        3.00%        379,710,213        25.24        to        14.69        6,679,034,798        1.10%        15.33%        to        12.33%  
2016      0.40%        to        3.00%        385,906,351        21.89        to        13.08        5,945,846,700        1.95%        8.56%        to        5.74%  

Nationwide Variable Insurance Trust - American Funds NVIT Bond Fund: Class II (GVABD2)

 

2020      0.40%        to        3.00%        276,402,530        14.31        to        10.51        3,685,516,787        2.04%        8.77%        to        5.93%  
2019      0.40%        to        3.00%        271,821,075        13.16        to        9.92        3,361,868,173        1.89%        8.55%        to        5.71%  
2018      0.40%        to        3.00%        264,067,144        12.12        to        9.38        3,031,739,885        2.37%        -1.47%        to        -4.06%  
2017      0.40%        to        3.00%        239,086,312        12.31        to        9.78        2,809,177,908        1.26%        2.80%        to        0.12%  
2016      0.40%        to        3.00%        199,364,903        11.97        to        9.77        2,298,086,243        2.60%        2.24%        to        -0.42%  

Nationwide Variable Insurance Trust - American Funds NVIT Global Growth Fund: Class II (GVAGG2)

 

2020      0.40%        to        2.85%        14,118,865        30.18        to        25.24        434,739,348        0.65%        29.41%        to        26.23%  
2019      0.40%        to        2.85%        15,592,346        23.32        to        19.99        374,098,028        0.65%        34.24%        to        30.94%  
2018      0.40%        to        2.85%        15,904,781        17.37        to        15.27        287,097,447        0.23%        -9.79%        to        -12.02%  
2017      0.40%        to        2.85%        16,304,900        19.25        to        17.36        329,817,513        0.71%        30.44%        to        27.25%  
2016      0.40%        to        2.85%        16,411,990        14.76        to        13.64        257,450,632        1.51%        -0.21%        to        -2.66%  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract Expense
Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

Nationwide Variable Insurance Trust - American Funds NVIT Growth-Income Fund: Class II (GVAGI2)

 

2020      0.40%        to        3.00%        168,241,669        28.24        to        18.71        3,919,388,576        1.64%        12.63%        to        9.69%  
2019      0.40%        to        3.00%        175,046,931        25.07        to        17.05        3,652,605,180        1.33%        25.16%        to        21.90%  
2018      0.40%        to        3.00%        169,771,107        20.03        to        13.99        2,852,695,243        1.00%        -2.58%        to        -5.14%  
2017      0.40%        to        3.00%        176,625,407        20.56        to        14.75        3,074,278,440        1.40%        21.44%        to        18.28%  
2016      0.40%        to        3.00%        180,180,514        16.93        to        12.47        2,606,571,152        1.21%        10.64%        to        7.76%  

Nationwide Variable Insurance Trust - American Funds NVIT Growth Fund: Class II (GVAGR2)

 

2020      0.40%        to        2.85%        25,071,030        40.85        to        31.66        966,546,811        0.72%        50.89%        to        47.18%  
2019      0.40%        to        2.85%        24,941,956        27.07        to        21.51        643,170,424        0.35%        29.76%        to        26.57%  
2018      0.40%        to        2.85%        25,709,376        20.86        to        16.99        515,914,129        0.30%        -1.06%        to        -3.50%  
2017      0.40%        to        2.85%        28,116,220        21.09        to        17.61        575,608,752        0.31%        27.29%        to        24.17%  
2016      0.40%        to        2.85%        27,107,207        16.57        to        14.18        441,281,396        0.23%        8.63%        to        5.96%  

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II (GVDMA)

 

2020      0.40%        to        3.05%        21,662,629        21.14        to        22.76        680,589,652        0.22%        11.88%        to        8.90%  
2019      0.40%        to        3.05%        23,851,697        18.90        to        20.90        680,301,892        2.00%        21.34%        to        18.11%  
2018      0.40%        to        3.05%        27,509,783        15.57        to        17.69        655,533,119        1.54%        -8.10%        to        -10.56%  
2017      0.40%        to        3.05%        31,674,347        16.94        to        19.78        832,456,412        1.58%        16.21%        to        13.13%  
2016      0.40%        to        3.05%        35,794,497        14.58        to        17.49        819,396,754        1.71%        8.05%        to        5.18%  

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II (GVDMC)

 

2020      0.40%        to        3.00%        33,896,875        17.74        to        15.41        694,408,915        0.13%        8.12%        to        5.30%  
2019      0.40%        to        3.00%        37,248,051        16.40        to        14.63        713,356,346        2.14%        13.03%        to        10.08%  
2018      0.40%        to        3.00%        41,053,128        14.51        to        13.29        703,386,792        1.88%        -4.12%        to        -6.64%  
2017      0.40%        to        3.00%        44,950,379        15.14        to        14.24        812,216,637        1.82%        8.78%        to        5.94%  
2016      0.40%        to        3.00%        48,904,136        13.92        to        13.44        821,832,274        1.93%        5.28%        to        2.54%  

Nationwide Variable Insurance Trust - NVIT S&P 500 Index Fund: Class I (GVEX1)

 

2020            0.80%        58,407              13.34        779,131        1.88%        33.40%        to        33.40% **** 

Nationwide Variable Insurance Trust - NVIT S&P 500 Index Fund: Class II (GVEX2)

 

2020      0.40%        to        2.85%        48,566,757        25.87        to        21.38        1,149,853,307        1.83%        17.38%        to        14.49%  
2019      0.40%        to        2.85%        42,214,877        22.04        to        18.67        859,690,531        1.96%        30.32%        to        27.11%  
2018      0.40%        to        2.85%        39,634,312        16.92        to        14.69        626,230,873        1.58%        -5.26%        to        -7.60%  
2017      0.40%        to        2.85%        36,584,258        17.85        to        15.90        616,540,600        1.70%        20.74%        to        17.78%  
2016      0.40%        to        2.85%        29,882,432        14.79        to        13.50        421,737,187        1.92%        10.95%        to        8.23%  

Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II (GVIDA)

 

2020      0.40%        to        2.95%        5,444,327        34.36        to        25.73        182,634,042        0.23%        12.36%        to        9.49%  
2019      0.40%        to        2.95%        5,158,120        30.58        to        23.50        159,314,343        1.94%        23.24%        to        20.08%  
2018      0.60%        to        2.95%        5,818,163        24.34        to        19.57        147,546,091        1.43%        -9.40%        to        -11.56%  
2017      0.40%        to        2.95%        6,560,953        27.34        to        22.13        186,479,931        1.52%        17.96%        to        14.95%  
2016      0.40%        to        2.95%        7,220,827        23.17        to        19.25        175,539,717        1.59%        9.03%        to        6.25%  

Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II (GVIDC)

 

2020      0.40%        to        2.85%        41,318,029        16.37        to        12.50        672,943,697        0.10%        6.29%        to        3.67%  
2019      0.40%        to        2.70%        37,616,534        15.40        to        12.62        581,852,781        2.16%        9.09%        to        6.58%  
2018      0.40%        to        2.70%        41,086,948        14.12        to        11.84        587,674,624        1.98%        -2.20%        to        -4.47%  
2017      0.40%        to        2.80%        45,224,620        14.43        to        11.97        668,524,661        1.90%        5.26%        to        2.73%  
2016      0.60%        to        2.80%        48,849,367        13.50        to        11.65        692,459,501        1.98%        3.64%        to        1.35%  

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II (GVIDM)

 

2020      0.40%        to        3.00%        81,355,743        19.65        to        18.90        2,038,626,438        0.14%        9.90%        to        7.03%  
2019      0.40%        to        3.00%        90,632,346        17.88        to        17.66        2,089,633,792        2.13%        17.27%        to        14.21%  
2018      0.40%        to        3.00%        100,698,428        15.25        to        15.46        2,004,019,494        1.76%        -6.06%        to        -8.53%  
2017      0.40%        to        3.00%        113,080,530        16.23        to        16.90        2,422,541,268        1.73%        12.48%        to        9.55%  
2016      0.40%        to        3.00%        122,410,696        14.43        to        15.43        2,360,915,572        1.85%        6.72%        to        3.94%  

Nationwide Variable Insurance Trust - NVIT International Index Fund: Class II (GVIX2)

 

2020      0.40%        to        1.35%        264,872        14.10        to        13.10        3,686,854        2.59%        6.91%        to        22.05%  
2019      0.40%        to        0.60%        211,198        13.19        to        13.01        2,759,169        3.29%        20.93%        to        20.69%  
2018      0.40%        to        0.60%        215,853        10.91        to        10.78        2,333,786        3.19%        -14.25%        to        -14.42%  
2017      0.40%        to        0.60%        107,945        12.72        to        12.60        1,362,876        3.41%        24.06%        to        23.81%  
2016      0.40%        to        0.60%        57,766        10.25        to        10.18        589,297        3.45%        0.35%        to        0.15%  

Nationwide Variable Insurance Trust - NVIT International Index Fund: Class VIII (GVIX8)

 

2020      0.40%        to        2.60%        9,445,312        12.36        to        10.30        114,470,863        2.24%        6.70%        to        4.34%  
2019      0.40%        to        2.65%        9,034,263        11.58        to        9.81        103,403,145        3.26%        20.72%        to        17.99%  
2018      0.40%        to        2.65%        8,362,077        9.59        to        8.31        80,089,453        2.43%        -14.47%        to        -16.42%  
2017      0.40%        to        2.65%        7,174,717        11.22        to        9.94        81,139,401        2.73%        23.96%        to        21.17%  
2016      0.40%        to        2.65%        5,900,388        9.05        to        8.21        54,316,240        2.49%        0.12%        to        -2.13%  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract Expense
Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

Nationwide Variable Insurance Trust - Federated NVIT High Income Bond Fund: Class I (HIBF)

 

2020      0.40%        to        2.55%        2,186,012        13.54        to        21.31        55,741,170        5.16%        5.59%        to        3.31%  
2019      0.40%        to        2.55%        2,399,886        12.83        to        20.63        58,538,108        5.38%        14.28%        to        11.82%  
2018      0.40%        to        2.55%        2,634,670        11.22        to        18.45        57,029,568        5.64%        -3.39%        to        -5.49%  
2017      0.40%        to        2.55%        2,895,079        11.62        to        19.52        65,627,291        5.14%        6.33%        to        4.04%  
2016      0.40%        to        2.65%        3,399,461        10.93        to        18.50        72,967,129        5.58%        13.70%        to        11.14%  

Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II (IDPG2)

 

2020      0.40%        to        2.85%        82,866,264        14.80        to        12.22        1,133,179,918        0.12%        5.90%        to        3.30%  
2019      0.40%        to        2.85%        84,974,755        13.97        to        11.83        1,108,144,785        2.18%        14.79%        to        11.96%  
2018      0.40%        to        2.85%        85,245,155        12.17        to        10.57        977,724,910        1.79%        -6.43%        to        -8.75%  
2017      0.40%        to        2.85%        82,410,823        13.01        to        11.58        1,019,974,342        1.72%        16.50%        to        13.64%  
2016      0.40%        to        2.85%        77,549,916        11.17        to        10.19        832,143,425        1.82%        6.52%        to        3.91%  

Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II (IDPGI2)

 

2020      0.40%        to        2.85%        37,020,430        13.90        to        11.48        474,999,659        0.12%        4.14%        to        1.58%  
2019      0.40%        to        2.85%        38,077,091        13.34        to        11.30        473,812,981        2.21%        12.55%        to        9.78%  
2018      0.40%        to        2.85%        38,304,461        11.86        to        10.29        427,640,894        1.87%        -6.00%        to        -8.33%  
2017      0.40%        to        2.85%        38,456,865        12.61        to        11.23        461,308,267        1.78%        13.58%        to        10.79%  
2016      0.40%        to        2.85%        37,537,776        11.11        to        10.14        400,604,316        1.85%        5.29%        to        2.70%  

Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I (MCIF)

 

2020      0.40%        to        2.80%        6,342,096        31.14        to        38.29        302,651,452        1.23%        12.66%        to        9.95%  
2019      0.40%        to        2.80%        6,253,581        27.64        to        34.82        269,028,856        1.35%        25.15%        to        22.13%  
2018      0.40%        to        2.80%        6,128,379        22.08        to        28.51        212,732,342        1.34%        -11.74%        to        -13.88%  
2017      0.40%        to        2.75%        6,064,937        25.02        to        33.36        241,178,040        1.12%        15.32%        to        12.60%  
2016      0.40%        to        2.75%        5,547,630        21.70        to        29.62        193,989,657        1.30%        19.81%        to        16.99%  

Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class II (MCIF2)

 

2020      0.95%        to        1.45%        62,726        12.93        to        12.89        810,170        2.28%        29.30%        to        28.92% **** 

Nationwide Variable Insurance Trust - Amundi NVIT Multi Sector Bond Fund: Class I (MSBF)

 

2020      0.40%        to        2.85%        11,993,333        16.22        to        13.12        217,929,488        3.43%        3.64%        to        1.09%  
2019      0.40%        to        2.85%        12,526,039        15.65        to        12.98        221,164,763        4.71%        8.73%        to        6.06%  
2018      0.40%        to        2.85%        14,307,465        14.40        to        12.24        233,949,696        2.77%        -2.74%        to        -5.14%  
2017      0.40%        to        2.85%        14,471,179        14.80        to        12.90        244,742,407        4.81%        5.91%        to        3.31%  
2016      0.40%        to        2.85%        13,615,977        13.98        to        12.49        219,092,597        3.25%        8.21%        to        5.56%  

Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II (NAMAA2)

 

2020      0.40%        to        2.85%        182,897,951        14.75        to        12.55        2,526,975,458        1.17%        6.66%        to        4.04%  
2019      0.40%        to        2.85%        176,138,480        13.83        to        12.07        2,302,956,756        1.84%        18.49%        to        15.58%  
2018      0.40%        to        2.85%        153,008,686        11.67        to        10.44        1,703,853,239        1.37%        -5.20%        to        -7.55%  
2017      0.40%        to        2.85%        126,440,617        12.31        to        11.29        1,499,418,756        2.09%        17.08%        to        14.21%  
2016      0.40%        to        2.85%        96,551,805        10.51        to        9.89        987,741,851        0.00%        8.11%        to        5.46%  

Nationwide Variable Insurance Trust - NVIT Managed American Funds Growth-Income Fund: Class II (NAMGI2)

 

2020      0.40%        to        2.75%        36,831,256        16.95        to        14.53        587,199,971        1.18%        6.55%        to        4.04%  
2019      0.40%        to        2.80%        34,382,199        15.91        to        13.92        519,086,570        1.66%        21.49%        to        18.57%  
2018      0.40%        to        2.80%        26,846,222        13.09        to        11.74        336,461,120        1.15%        -2.97%        to        -5.32%  
2017      0.40%        to        2.80%        20,695,623        13.49        to        12.40        269,662,955        1.17%        21.21%        to        18.30%  
2016      1.15%        to        2.80%        13,095,102        10.93        to        10.48        142,032,231        1.93%        8.78%        to        6.97%  

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II (NCPG2)

 

2020      0.40%        to        2.85%        95,679,487        14.85        to        12.27        1,310,905,950        0.79%        6.93%        to        4.30%  
2019      0.40%        to        2.85%        99,738,845        13.88        to        11.76        1,290,791,219        2.56%        14.95%        to        12.13%  
2018      0.40%        to        2.85%        102,058,787        12.08        to        10.49        1,160,290,390        1.95%        -7.45%        to        -9.74%  
2017      0.40%        to        2.85%        100,871,469        13.05        to        11.62        1,251,039,482        1.67%        17.32%        to        14.44%  
2016      0.40%        to        2.85%        98,053,986        11.12        to        10.15        1,047,139,959        2.40%        5.79%        to        3.19%  

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II (NCPGI2)

 

2020      0.40%        to        2.85%        45,036,369        13.96        to        11.54        580,239,111        0.64%        4.62%        to        2.05%  
2019      0.40%        to        2.85%        46,655,575        13.35        to        11.30        580,249,932        2.48%        13.40%        to        10.61%  
2018      0.40%        to        2.85%        47,957,987        11.77        to        10.22        531,181,200        2.09%        -7.39%        to        -9.68%  
2017      0.40%        to        2.85%        49,134,469        12.71        to        11.32        593,599,285        1.71%        14.31%        to        11.50%  
2016      0.40%        to        2.85%        49,115,359        11.12        to        10.15        524,456,631        2.38%        5.14%        to        2.56%  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract Expense
Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic(SM) Multi-Asset Fund: Class II (NJMMA2)

 

2020      0.40%        to        1.95%        1,020,100        10.22        to        10.03        10,307,720        0.31%        1.10%        to        -0.47%  
2019      1.15%        to        1.65%        101,281        10.09        to        10.08        1,021,589        0.23%        0.93%        to        0.82% **** 

Nationwide Variable Insurance Trust - NVIT J.P. Morgan Disciplined Equity Fund: Class II (NJNDE2)

 

2020      0.40%        to        1.95%        845,327        13.79        to        13.53        11,526,108        0.64%        25.49%        to        23.54%  
2019      1.15%        to        1.30%        62,371        10.97        to        10.96        683,897        0.29%        9.68%        to        9.65% **** 

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class I (NVAMV1)

 

2020      0.80%        to        1.40%        1,049,515        32.71        to        30.47        32,282,086        1.61%        0.68%        to        0.07%  
2019      0.80%        to        1.40%        1,253,024        32.49        to        30.45        38,480,817        2.62%        25.94%        to        25.18%  
2018      0.80%        to        1.40%        1,423,536        25.80        to        24.33        34,897,450        1.37%        -10.08%        to        -10.62%  
2017      0.80%        to        1.40%        1,625,882        28.69        to        27.22        44,562,716        1.62%        7.81%        to        7.16%  
2016      0.80%        to        1.40%        1,867,130        26.61        to        25.40        47,723,718        2.33%        19.48%        to        18.76%  

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class II (NVAMV2)

 

2020      0.40%        to        2.85%        2,517,282        33.58        to        25.11        74,166,607        1.02%        0.99%        to        -1.50%  
2019      0.40%        to        2.85%        5,755,354        33.25        to        25.49        170,119,274        2.51%        26.18%        to        23.07%  
2018      0.40%        to        2.85%        6,265,951        26.35        to        20.71        148,331,788        1.21%        -9.83%        to        -12.07%  
2017      0.40%        to        2.85%        6,997,342        29.22        to        23.56        185,677,580        1.53%        8.00%        to        5.36%  
2016      0.40%        to        2.85%        7,464,284        27.06        to        22.36        185,339,257        2.29%        19.73%        to        16.80%  

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class X (NVAMVX)

 

2020      0.80%        to        1.40%        332,668        11.83        to        11.80        3,927,929        1.47%        18.26%        to        18.05% **** 

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class Z (NVAMVZ)

 

2020      0.40%        to        2.85%        13,722,206        11.84        to        11.75        161,881,573        1.40%        18.36%        to        17.47% **** 

Nationwide Variable Insurance Trust - NVIT Bond Index Fund: Class I (NVBX)

 

2020      0.40%        to        0.60%        231,948        11.75        to        11.68        2,714,664        2.37%        6.77%        to        6.55%  
2019      0.40%        to        0.60%        80,401        11.00        to        10.97        883,729        5.57%        7.96%        to        7.75%  
2018            0.60%        16,971              10.18        172,727        2.90%        1.78%        to        1.78% **** 

Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class I (NVCBD1)

 

2020      0.80%        to        1.40%        261,460        15.70        to        14.54        3,839,980        2.47%        6.16%        to        5.51%  
2019      0.80%        to        1.40%        262,668        14.79        to        13.78        3,651,738        3.23%        8.07%        to        7.42%  
2018      0.80%        to        1.40%        228,067        13.68        to        12.82        2,948,079        2.92%        -1.22%        to        -1.82%  
2017      0.80%        to        1.40%        263,219        13.85        to        13.06        3,463,330        2.94%        3.56%        to        2.94%  
2016      0.80%        to        1.40%        272,710        13.37        to        12.69        3,482,975        3.06%        4.51%        to        3.88%  

Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class II (NVCBD2)

 

2020      0.40%        to        2.90%        7,660,242        16.24        to        11.59        106,635,122        2.42%        6.34%        to        3.68%  
2019      0.40%        to        2.90%        7,488,952        15.27        to        11.18        99,051,022        2.79%        8.26%        to        5.55%  
2018      0.40%        to        2.90%        7,366,376        14.11        to        10.59        90,828,282        2.81%        -1.09%        to        -3.58%  
2017      0.40%        to        2.90%        7,919,555        14.26        to        10.98        99,834,745        2.95%        3.76%        to        1.17%  
2016      0.40%        to        2.95%        7,826,378        13.75        to        10.81        96,041,882        2.86%        4.59%        to        1.92%  

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class II (NVCCA2)

 

2020      0.40%        to        2.95%        135,712,156        21.78        to        14.58        2,393,718,334        0.97%        11.02%        to        8.18%  
2019      0.40%        to        2.95%        149,287,227        19.62        to        13.48        2,397,275,270        2.79%        19.76%        to        16.69%  
2018      0.40%        to        2.95%        167,139,954        16.38        to        11.55        2,264,765,326        1.97%        -8.53%        to        -10.88%  
2017      0.40%        to        2.95%        185,428,749        17.91        to        12.96        2,776,209,980        1.62%        15.34%        to        12.40%  
2016      0.40%        to        3.00%        200,598,080        15.53        to        11.48        2,632,282,710        2.68%        6.89%        to        4.11%  

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II (NVCCN2)

 

2020      0.40%        to        2.85%        51,890,412        17.04        to        11.59        720,439,570        0.25%        7.16%        to        4.53%  
2019      0.40%        to        2.85%        47,160,771        15.90        to        11.09        617,094,844        2.48%        10.23%        to        7.52%  
2018      0.40%        to        2.85%        50,580,027        14.43        to        10.32        605,610,214        2.15%        -3.00%        to        -5.40%  
2017      0.40%        to        2.85%        55,841,512        14.87        to        10.90        696,634,215        2.03%        5.93%        to        3.34%  
2016      0.40%        to        2.85%        60,815,023        14.04        to        10.55        723,035,083        2.47%        4.20%        to        1.64%  

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class II (NVCMA2)

 

2020      0.40%        to        2.75%        17,555,860        22.56        to        15.32        314,337,550        1.08%        11.81%        to        9.17%  
2019      0.40%        to        2.75%        19,173,402        20.18        to        14.03        310,244,835        2.79%        21.74%        to        18.87%  
2018      0.40%        to        2.75%        21,482,129        16.58        to        11.80        289,247,189        1.94%        -9.87%        to        -12.01%  
2017      0.40%        to        3.05%        24,451,473        18.39        to        13.02        369,304,104        1.46%        17.60%        to        14.48%  
2016      0.40%        to        3.05%        27,286,181        15.64        to        11.37        354,523,164        2.56%        7.16%        to        4.32%  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract Expense
Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II (NVCMC2)

 

2020      0.40%        to        2.95%        45,209,068        18.49        to        12.78        700,538,949        0.56%        8.62%        to        5.84%  
2019      0.40%        to        2.95%        49,936,654        17.02        to        12.07        719,567,509        2.57%        13.84%        to        10.93%  
2018      0.40%        to        2.95%        55,035,016        14.95        to        10.88        703,698,360        2.16%        -5.15%        to        -7.59%  
2017      0.40%        to        2.95%        60,127,400        15.76        to        11.78        819,027,614        1.88%        9.45%        to        6.65%  
2016      0.40%        to        2.95%        65,146,020        14.40        to        11.04        819,439,987        2.59%        5.57%        to        2.88%  

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II (NVCMD2)

 

2020      0.40%        to        3.40%        136,791,709        20.68        to        13.20        2,317,991,926        0.84%        10.25%        to        6.93%  
2019      0.40%        to        3.40%        152,335,696        18.76        to        12.35        2,366,315,044        2.70%        17.67%        to        14.13%  
2018      0.40%        to        3.40%        169,751,666        15.94        to        10.82        2,264,195,193        2.01%        -7.46%        to        -10.26%  
2017      0.40%        to        3.40%        187,940,542        17.22        to        12.06        2,738,361,078        1.75%        13.51%        to        10.11%  
2016      0.40%        to        3.40%        204,434,070        15.17        to        10.95        2,651,970,663        2.67%        6.31%        to        3.12%  

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class II (NVCRA2)

 

2020      0.40%        to        2.70%        4,648,789        33.17        to        15.74        84,142,232        1.16%        12.11%        to        9.52%  
2019      0.40%        to        2.70%        4,425,266        29.59        to        14.37        72,133,662        2.82%        23.46%        to        20.61%  
2018      0.40%        to        2.70%        4,587,657        23.96        to        11.91        61,099,009        1.84%        -11.10%        to        -13.17%  
2017      0.65%        to        2.70%        4,871,759        26.38        to        13.72        73,924,018        1.25%        19.02%        to        16.57%  
2016      0.75%        to        2.70%        5,239,664        21.99        to        11.77        67,465,921        2.34%        7.55%        to        5.45%  

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II (NVCRB2)

 

2020      0.40%        to        3.10%        124,798,101        19.47        to        13.06        2,020,186,357        0.69%        9.24%        to        6.28%  
2019      0.40%        to        3.10%        136,546,286        17.82        to        12.29        2,043,288,342        2.61%        15.71%        to        12.58%  
2018      0.40%        to        3.10%        148,478,478        15.40        to        10.92        1,939,268,123        2.19%        -6.61%        to        -9.16%  
2017      0.40%        to        3.10%        161,832,789        16.49        to        12.02        2,286,483,422        1.86%        11.60%        to        8.59%  
2016      0.40%        to        3.10%        170,712,773        14.78        to        11.07        2,182,783,312        2.64%        5.68%        to        2.83%  

Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II (NVDBL2)

 

2020      0.40%        to        2.95%        77,619,638        22.61        to        16.71        1,554,393,423        0.13%        8.97%        to        6.18%  
2019      0.40%        to        2.95%        82,100,866        20.75        to        15.74        1,523,490,816        2.18%        14.88%        to        11.94%  
2018      0.40%        to        2.95%        87,424,198        18.06        to        14.06        1,425,937,414        1.89%        -5.23%        to        -7.67%  
2017      0.40%        to        2.95%        92,168,347        19.06        to        15.23        1,602,315,736        1.84%        10.69%        to        7.86%  
2016      0.40%        to        2.95%        94,544,701        17.22        to        14.12        1,499,704,435        1.99%        5.88%        to        3.18%  

Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II (NVDCA2)

 

2020      0.40%        to        2.65%        56,780,594        28.10        to        21.53        1,407,641,163        0.18%        11.17%        to        8.66%  
2019      0.40%        to        2.65%        62,012,665        25.28        to        19.81        1,397,418,551        2.05%        19.46%        to        16.76%  
2018      0.40%        to        2.65%        68,870,094        21.16        to        16.97        1,312,150,957        1.65%        -6.85%        to        -8.96%  
2017      0.40%        to        2.65%        75,042,840        22.72        to        18.64        1,551,449,320        1.66%        14.35%        to        11.78%  
2016      0.40%        to        2.65%        79,973,616        19.86        to        16.67        1,461,461,049        1.80%        7.31%        to        4.89%  

Nationwide Variable Insurance Trust - NVIT iShares Fixed Income ETF Fund: Class II (NVFIII)

 

2020      0.40%        to        2.30%        1,262,379        11.24        to        10.89        13,958,969        1.97%        6.70%        to        4.66%  
2019      0.40%        to        2.10%        241,170        10.54        to        10.42        2,523,618        2.02%        5.37%        to        4.17% **** 

Nationwide Variable Insurance Trust - NVIT iShares Global Equity ETF Fund: Class II (NVGEII)

 

2020      0.40%        to        2.10%        841,583        12.50        to        12.14        10,357,268        2.36%        15.30%        to        13.33%  
2019      0.40%        to        2.10%        205,941        10.84        to        10.72        2,218,214        0.99%        8.40%        to        7.16% **** 

Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II (NVIE6)

 

2020      0.40%        to        2.80%        3,984,946        13.00        to        9.19        43,019,167        0.97%        7.25%        to        4.67%  
2019      0.40%        to        2.75%        4,290,709        12.12        to        8.83        43,690,147        2.31%        18.44%        to        15.64%  
2018      0.40%        to        2.80%        4,687,087        10.23        to        7.60        40,790,812        1.81%        -15.14%        to        -17.20%  
2017      0.40%        to        2.80%        5,107,600        12.06        to        9.17        52,776,198        1.53%        26.57%        to        23.53%  
2016      0.40%        to        2.80%        4,680,764        9.53        to        7.43        38,728,376        1.94%        0.23%        to        -2.18%  

Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class II (NVLCP2)

 

2020      0.40%        to        2.85%        5,540,378        17.78        to        12.71        83,780,048        2.68%        8.60%        to        5.93%  
2019      0.40%        to        2.85%        4,758,362        16.37        to        11.99        67,267,324        2.88%        9.16%        to        6.47%  
2018      0.40%        to        2.65%        5,180,632        15.00        to        11.51        67,720,853        2.45%        -1.85%        to        -4.08%  
2017      0.40%        to        2.65%        5,222,094        15.28        to        12.00        70,161,668        2.37%        3.35%        to        1.02%  
2016      0.40%        to        2.65%        5,144,916        14.79        to        11.88        67,608,454        2.85%        2.92%        to        0.60%  

Nationwide Variable Insurance Trust - BlackRock NVIT Managed Global Allocation Fund: Class II (NVMGA2)

 

2020      0.40%        to        2.85%        26,645,007        14.26        to        11.71        339,221,529        3.04%        14.09%        to        11.28%  
2019      0.40%        to        2.85%        27,691,497        12.50        to        10.53        311,900,255        0.55%        14.49%        to        11.67%  
2018      0.40%        to        2.85%        24,609,072        10.92        to        9.43        244,394,241        0.91%        -8.84%        to        -11.09%  
2017      0.40%        to        2.85%        19,669,396        11.97        to        10.60        216,246,380        1.33%        17.96%        to        15.07%  
2016      0.40%        to        2.85%        14,720,771        10.15        to        9.21        138,538,134        1.17%        1.52%        to        0.05% **** 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract Expense
Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class I (NVMIG1)

 

2020      0.80%        to        1.40%        1,713,719        19.11        to        18.35        31,616,626        1.00%        49.83%        to        48.93%  
2019      0.80%        to        1.40%        1,793,593        12.75        to        12.32        22,197,089        1.24%        32.08%        to        31.29%  
2018      0.80%        to        1.40%        1,994,973        9.65        to        9.38        18,790,106        1.07%        -17.13%        to        -17.63%  
2017      0.80%        to        1.40%        2,185,527        11.65        to        11.39        24,969,891        1.22%        24.77%        to        24.02%  
2016      0.80%        to        1.40%        2,452,159        9.34        to        9.19        22,572,837        1.42%        -2.90%        to        -3.49%  

Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class II (NVMIG6)

 

2020      0.00%        to        2.90%        6,589,562        -            to        16.54        129,813,503        0.73%        0.00%        to        46.39%  
2019      0.40%        to        2.90%        7,384,663        16.17        to        11.30        98,572,728        0.93%        32.31%        to        28.99%  
2018      0.40%        to        2.90%        8,452,066        12.22        to        8.76        86,186,531        1.09%        -17.00%        to        -19.10%  
2017      0.40%        to        2.90%        9,061,611        14.72        to        10.83        112,569,402        0.95%        25.03%        to        21.91%  
2016      0.40%        to        2.95%        10,445,091        11.78        to        8.84        104,876,593        1.20%        -2.86%        to        -5.34%  

Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class X (NVMIVX)

 

2020      0.80%        to        1.40%        172,168        11.76        to        11.75        2,022,842        0.00%        17.62%        to        17.47% **** 

Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class Z (NVMIVZ)

 

2020      0.40%        to        2.85%        5,062,128        11.77        to        11.71        59,459,292        0.00%        17.73%        to        17.12% **** 

Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class I (NVMLG1)

 

2020      0.80%        to        1.40%        332,711        32.81        to        30.39        10,220,466        0.00%        29.05%        to        28.27%  
2019      0.80%        to        1.40%        382,086        25.43        to        23.69        9,152,537        3.89%        29.49%        to        28.70%  
2018      0.80%        to        1.40%        448,327        19.64        to        18.41        8,334,968        0.30%        -3.86%        to        -4.44%  
2017      0.80%        to        1.40%        489,827        20.42        to        19.26        9,520,499        0.34%        29.17%        to        28.39%  
2016      0.80%        to        1.40%        554,024        15.81        to        15.00        8,379,213        0.80%        1.37%        to        0.76%  

Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class II (NVMLG2)

 

2020      0.00%        to        2.90%        4,493,641        -            to        24.30        130,518,305        0.00%        0.00%        to        26.15%  
2019      0.40%        to        2.90%        5,293,739        26.12        to        19.26        120,096,282        3.80%        29.70%        to        26.44%  
2018      0.40%        to        2.90%        5,938,578        20.14        to        15.23        105,053,168        0.05%        -3.74%        to        -6.17%  
2017      0.40%        to        2.90%        6,516,758        20.92        to        16.24        120,994,190        0.10%        29.36%        to        26.13%  
2016      0.40%        to        2.95%        7,269,482        16.17        to        12.81        105,496,062        0.60%        1.58%        to        -1.01%  

Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class II (NVMM2)

 

2020            1.35%        12,575              9.92        124,759        0.00%        -0.79%        to        -0.79% **** 

Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class I (NVMMG1)

 

2020      0.80%        to        1.40%        6,775,511        40.62        to        37.61        257,743,310        0.00%        59.61%        to        58.65%  
2019      0.80%        to        1.40%        7,457,247        25.45        to        23.71        178,638,041        0.00%        36.16%        to        35.33%  
2018      0.80%        to        1.40%        8,287,039        18.69        to        17.52        146,556,578        0.00%        -7.60%        to        -8.16%  
2017      0.80%        to        1.40%        9,267,604        20.23        to        19.08        178,297,202        0.00%        26.72%        to        25.95%  
2016      0.80%        to        1.40%        10,317,863        15.96        to        15.15        157,462,898        0.00%        5.62%        to        4.98%  

Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class II (NVMMG2)

 

2020      0.00%        to        2.90%        4,474,872        -            to        29.99        160,767,539        0.00%        0.00%        to        55.85%  
2019      0.40%        to        2.90%        5,672,388        25.37        to        19.24        128,521,809        0.00%        36.29%        to        32.87%  
2018      0.40%        to        2.90%        5,598,301        18.61        to        14.48        94,321,007        0.00%        -7.42%        to        -9.76%  
2017      0.40%        to        2.90%        6,895,043        20.11        to        16.05        126,493,184        0.00%        27.01%        to        23.84%  
2016      0.40%        to        2.95%        7,147,706        15.83        to        12.90        104,584,693        0.00%        5.63%        to        2.94%  

Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class I (NVMMV1)

 

2020      0.40%        to        0.60%        29,163        18.79        to        18.51        544,476        2.16%        -1.47%        to        -1.67%  
2019      0.40%        to        0.60%        34,208        19.07        to        18.82        648,555        2.31%        23.48%        to        23.23%  
2018      0.40%        to        0.60%        40,741        15.45        to        15.27        626,375        1.31%        -13.47%        to        -13.64%  
2017      0.40%        to        0.60%        37,926        17.85        to        17.69        676,004        1.37%        13.49%        to        13.27%  
2016      0.40%        to        0.60%        34,172        15.73        to        15.61        536,981        1.61%        17.25%        to        17.02%  

Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II (NVMMV2)

 

2020      0.00%        to        2.90%        9,633,785        -            to        18.12        211,836,954        2.07%        0.00%        to        -4.01%  
2019      0.40%        to        2.90%        10,260,963        26.05        to        18.88        231,565,828        2.20%        23.35%        to        20.26%  
2018      0.40%        to        2.90%        11,449,717        21.12        to        15.70        211,614,202        1.04%        -13.50%        to        -15.69%  
2017      0.40%        to        2.90%        12,848,908        24.42        to        18.62        277,323,581        1.10%        13.38%        to        10.55%  
2016      0.40%        to        2.95%        14,406,181        21.53        to        16.77        276,935,485        1.36%        17.12%        to        14.13%  

Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class I (NVNMO1)

 

2020      0.80%        to        1.40%        3,252,837        25.49        to        23.60        77,486,527        0.43%        12.64%        to        11.96%  
2019      0.80%        to        1.40%        3,565,898        22.63        to        21.08        75,809,329        0.64%        27.05%        to        26.28%  
2018      0.80%        to        1.40%        3,929,899        17.81        to        16.69        66,105,643        0.53%        -5.53%        to        -6.11%  
2017      0.80%        to        1.40%        4,345,281        18.85        to        17.78        77,788,449        0.52%        23.86%        to        23.11%  
2016      0.80%        to        1.40%        4,870,321        15.22        to        14.44        70,764,705        0.78%        12.70%        to        12.02%  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract Expense
Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class II (NVNMO2)

 

2020      0.40%        to        2.85%        1,943,145        26.11        to        19.23        44,522,365        0.33%        12.95%        to        10.17%  
2019      0.40%        to        2.85%        2,102,879        23.12        to        17.45        43,109,027        0.55%        27.57%        to        24.44%  
2018      0.40%        to        2.85%        2,256,041        18.12        to        14.03        36,584,902        0.45%        -5.39%        to        -7.73%  
2017      0.40%        to        2.85%        2,319,444        19.15        to        15.20        40,146,704        0.54%        24.26%        to        21.22%  
2016      0.40%        to        2.55%        1,806,938        15.41        to        12.88        25,449,885        0.70%        13.09%        to        10.66%  

Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class I (NVNSR1)

 

2020      0.80%        to        1.40%        81,191        26.33        to        24.38        2,003,750        0.79%        12.45%        to        11.77%  
2019      0.80%        to        1.40%        95,317        23.42        to        21.82        2,102,708        0.81%        25.00%        to        24.24%  
2018      0.80%        to        1.40%        115,207        18.73        to        17.56        2,043,477        0.68%        -6.55%        to        -7.12%  
2017      0.80%        to        1.40%        115,638        20.05        to        18.90        2,205,698        0.60%        17.67%        to        16.96%  
2016      0.80%        to        1.40%        129,072        17.04        to        16.16        2,103,063        0.76%        9.23%        to        8.57%  

Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class II (NVNSR2)

 

2020      0.00%        to        2.90%        4,286,078        -            to        19.87        102,250,745        0.74%        0.00%        to        10.05%  
2019      0.40%        to        2.90%        4,925,653        25.49        to        18.05        105,164,967        0.70%        25.54%        to        22.39%  
2018      0.40%        to        2.90%        5,445,148        20.30        to        14.75        93,620,504        0.54%        -6.25%        to        -8.62%  
2017      0.40%        to        2.90%        6,457,892        21.66        to        16.14        119,725,945        0.52%        17.89%        to        14.94%  
2016      0.40%        to        2.95%        7,416,099        18.37        to        13.98        117,854,984        0.69%        9.67%        to        6.87%  

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class I (NVOLG1)

 

2020      0.40%        to        1.40%        9,063,806        20.96        to        46.60        424,894,407        1.34%        18.42%        to        17.23%  
2019      0.40%        to        1.40%        9,975,304        17.70        to        39.75        398,939,922        1.69%        37.07%        to        35.69%  
2018      0.40%        to        1.40%        11,104,064        12.91        to        29.29        327,345,278        0.76%        -1.67%        to        -2.66%  
2017      0.40%        to        1.40%        12,431,015        13.13        to        30.09        376,275,486        0.47%        26.80%        to        25.54%  
2016      0.40%        to        1.40%        13,924,566        10.36        to        23.97        335,516,409        0.74%        3.58%        to        2.19% **** 

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class II (NVOLG2)

 

2020      0.40%        to        2.85%        6,655,943        50.88        to        38.05        297,599,928        1.08%        18.05%        to        15.15%  
2019      0.40%        to        2.85%        7,991,334        43.10        to        33.04        305,253,784        1.51%        36.78%        to        33.42%  
2018      0.40%        to        2.85%        8,197,306        31.51        to        24.77        231,914,827        0.49%        -1.94%        to        -4.36%  
2017      0.40%        to        2.85%        9,719,315        32.13        to        25.90        283,303,657        0.23%        26.56%        to        23.46%  
2016      0.40%        to        2.85%        10,651,011        25.39        to        20.98        248,287,464        0.52%        2.91%        to        0.39%  

Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class I (NVRE1)

 

2020      0.80%        to        1.40%        2,176,770        18.29        to        16.94        37,235,512        1.51%        -6.14%        to        -6.71%  
2019      0.80%        to        1.40%        2,444,964        19.49        to        18.15        44,800,326        1.67%        29.66%        to        28.87%  
2018      0.80%        to        1.40%        2,737,930        15.03        to        14.09        38,891,138        1.80%        -4.70%        to        -5.28%  
2017      0.80%        to        1.40%        3,139,271        15.77        to        14.87        47,032,790        2.11%        5.65%        to        5.01%  
2016      0.80%        to        1.40%        3,544,959        14.93        to        14.16        50,537,759        1.95%        6.49%        to        5.85%  

Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class II (NVRE2)

 

2020      0.00%        to        2.85%        4,728,963        -            to        13.58        75,696,655        1.23%        0.00%        to        -8.39%  
2019      0.40%        to        2.85%        5,671,543        40.07        to        14.82        97,626,272        1.56%        29.92%        to        26.73%  
2018      0.40%        to        2.85%        5,777,988        30.84        to        11.70        77,587,417        1.58%        -4.44%        to        -6.81%  
2017      0.40%        to        2.85%        6,517,308        32.27        to        12.55        92,788,755        1.94%        5.72%        to        3.13%  
2016      0.40%        to        2.85%        6,892,130        30.53        to        12.17        94,000,848        1.80%        6.75%        to        4.13%  

Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II (NVSIX2)

 

2020      0.40%        to        2.80%        7,070,809        22.31        to        18.50        144,650,552        0.97%        18.84%        to        15.98%  
2019      0.40%        to        2.80%        6,508,380        18.77        to        15.95        113,046,259        0.98%        24.46%        to        21.46%  
2018      0.40%        to        2.80%        5,983,119        15.08        to        13.14        84,445,236        1.15%        -11.70%        to        -13.84%  
2017      0.40%        to        2.80%        5,388,295        17.08        to        15.25        87,059,918        1.01%        13.73%        to        10.99%  
2016      0.40%        to        2.80%        3,887,870        15.02        to        13.74        55,789,584        1.21%        20.39%        to        17.50%  

Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II (NVSTB2)

 

2020      0.40%        to        2.85%        15,054,408        12.28        to        8.93        160,138,621        1.64%        2.42%        to        -0.10%  
2019      0.40%        to        2.85%        14,111,650        11.99        to        8.94        147,972,960        2.25%        3.67%        to        1.12%  
2018      0.40%        to        2.85%        15,840,601        11.56        to        8.84        160,913,063        2.26%        0.41%        to        -2.07%  
2017      0.40%        to        2.85%        13,652,889        11.52        to        9.03        140,413,930        1.66%        1.17%        to        -1.31%  
2016      0.40%        to        2.85%        13,257,629        11.38        to        9.15        136,142,803        1.72%        2.08%        to        -0.42%  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract Expense
Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class I (NVTIV3)

 

2020      0.00%        to        2.90%        12,054,637        -            to        13.51        192,611,982        1.36%        0.00%        to        2.13%  
2019      0.40%        to        2.90%        12,319,345        17.35        to        13.23        189,880,932        2.46%        12.04%        to        9.22%  
2018      0.40%        to        2.90%        12,328,795        15.48        to        12.11        171,344,836        1.94%        -16.03%        to        -18.15%  
2017      0.40%        to        2.90%        12,810,235        18.44        to        14.80        214,282,184        1.95%        22.23%        to        19.17%  
2016      0.40%        to        2.95%        14,534,440        15.09        to        12.37        201,090,496        2.11%        0.71%        to        -1.86%  

Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I (SAM)

 

2020      0.00%        to        2.80%        57,534,586        -            to        7.27        673,618,552        0.20%        0.00%        to        -2.56%  
2019      0.40%        to        2.75%        43,262,098        10.08        to        7.53        503,101,231        1.75%        1.37%        to        -1.02%  
2018      0.40%        to        2.75%        48,439,904        9.95        to        7.60        564,774,770        1.38%        0.98%        to        -1.41%  
2017      0.40%        to        2.75%        45,584,470        9.85        to        7.71        517,536,153        0.41%        0.02%        to        -2.33%  
2016      0.40%        to        2.75%        50,109,476        9.85        to        7.90        583,715,336        0.01%        -0.39%        to        -2.74%  

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class I (SCF)

 

2020      0.40%        to        1.40%        716,499        23.40        to        90.96        65,038,038        0.02%        22.20%        to        20.97%  
2019      0.40%        to        1.40%        806,570        19.15        to        75.19        60,484,876        0.07%        25.15%        to        23.89%  
2018      0.40%        to        1.40%        888,494        15.30        to        60.69        53,898,367        0.01%        -12.99%        to        -13.86%  
2017      0.40%        to        1.40%        1,004,309        17.58        to        70.46        70,169,362        0.00%        13.03%        to        11.90%  
2016      0.40%        to        1.40%        1,123,947        15.55        to        62.96        70,421,172        0.32%        22.34%        to        21.12%  

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class II (SCF2)

 

2020      0.00%        to        2.85%        928,880        -            to        35.56        45,295,758        0.02%        0.00%        to        18.87%  
2019      0.40%        to        2.85%        1,019,467        23.67        to        29.92        41,289,671        0.00%        24.85%        to        21.78%  
2018      0.40%        to        2.85%        1,077,040        18.95        to        24.56        35,320,370        0.00%        -13.18%        to        -15.33%  
2017      0.40%        to        2.85%        1,205,338        21.83        to        29.01        46,095,743        0.00%        12.75%        to        9.98%  
2016      0.40%        to        2.85%        1,300,494        19.36        to        26.38        44,530,901        0.10%        22.05%        to        19.06%  

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class I (SCGF)

 

2020      0.80%        to        1.40%        366,187        26.21        to        23.12        8,666,508        0.00%        39.76%        to        38.92%  
2019      0.80%        to        1.40%        385,691        18.76        to        16.65        6,568,627        0.00%        34.63%        to        33.81%  
2018      0.80%        to        1.40%        420,135        13.93        to        12.44        5,337,564        0.00%        -8.68%        to        -9.24%  
2017      0.80%        to        1.40%        461,080        15.26        to        13.71        6,438,048        0.00%        23.93%        to        23.18%  
2016      0.80%        to        1.40%        487,634        12.31        to        11.13        5,511,328        0.00%        7.44%        to        6.79%  

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class II (SCGF2)

 

2020      0.40%        to        2.85%        1,064,256        31.54        to        34.61        50,240,174        0.00%        39.95%        to        36.51%  
2019      0.40%        to        2.85%        1,200,642        22.53        to        25.36        40,915,829        0.00%        34.84%        to        31.52%  
2018      0.40%        to        2.85%        1,224,052        16.71        to        19.28        31,271,546        0.00%        -8.58%        to        -10.85%  
2017      0.75%        to        2.85%        1,227,824        18.26        to        21.63        34,761,039        0.00%        23.71%        to        21.11%  
2016      0.40%        to        2.85%        1,265,979        15.53        to        17.86        29,153,361        0.00%        7.63%        to        4.99%  

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class I (SCVF)

 

2020      0.40%        to        1.40%        511,393        17.47        to        42.95        21,823,005        0.07%        4.73%        to        3.68%  
2019      0.40%        to        1.40%        571,880        16.68        to        41.43        23,770,709        1.03%        18.52%        to        17.33%  
2018      0.40%        to        1.40%        644,567        14.07        to        35.31        22,896,879        0.66%        -17.29%        to        -18.12%  
2017      0.40%        to        1.40%        734,822        17.02        to        43.12        31,669,137        0.50%        8.63%        to        7.54%  
2016      0.40%        to        1.40%        827,693        15.66        to        40.10        33,242,961        0.64%        25.43%        to        24.17%  

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class II (SCVF2)

 

2020      0.00%        to        2.85%        958,037        -            to        28.35        37,813,407        0.00%        0.00%        to        1.96%  
2019      0.40%        to        2.85%        927,362        23.36        to        27.80        35,485,822        0.87%        18.22%        to        15.31%  
2018      0.40%        to        2.85%        987,854        19.76        to        24.11        32,404,893        0.45%        -17.46%        to        -19.50%  
2017      0.40%        to        2.85%        1,059,738        23.94        to        29.95        42,566,701        0.28%        8.32%        to        5.66%  
2016      0.40%        to        2.85%        1,159,257        22.10        to        28.35        43,560,924        0.47%        25.11%        to        22.04%  

Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class I (TRF)

 

2020      0.80%        to        1.40%        854,052        61.55        to        64.47        130,225,742        1.13%        9.47%        to        8.81%  
2019      0.80%        to        1.40%        937,161        56.22        to        59.25        130,888,989        1.14%        28.27%        to        27.50%  
2018      0.80%        to        1.40%        1,054,265        43.83        to        46.48        113,465,570        1.06%        -0.81%        to        -1.41%  
2017      0.80%        to        1.40%        1,184,299        44.19        to        47.14        128,403,881        1.00%        19.56%        to        18.84%  
2016      0.80%        to        1.40%        1,304,033        36.96        to        39.67        118,905,204        1.39%        10.50%        to        9.83%  

Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class II (TRF2)

 

2020      0.00%        to        2.90%        2,909,367        -            to        27.41        109,423,208        0.88%        0.00%        to        6.86%  
2019      0.40%        to        2.90%        3,243,676        23.82        to        25.65        112,585,840        0.92%        28.51%        to        25.28%  
2018      0.65%        to        2.90%        3,413,423        17.83        to        20.47        93,554,314        0.78%        -0.93%        to        -3.19%  
2017      0.65%        to        2.90%        4,014,588        17.99        to        21.15        112,084,631        0.74%        19.47%        to        16.77%  
2016      0.40%        to        2.95%        4,706,075        15.58        to        17.98        111,044,455        1.12%        10.71%        to        7.89%  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract Expense
Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

Neuberger Berman Advisers Management Trust - International Equity Portfolio: S Class Shares (AMINS)

 

2020      1.25%        to        2.25%        6,331        19.30        to        16.45        114,213        0.50%        11.17%        to        10.04%  
2019      1.25%        to        2.25%        7,137        17.36        to        14.95        116,470        0.15%        26.09%        to        24.81%  
2018      1.25%        to        2.25%        8,216        13.77        to        11.98        106,639        0.12%        -18.00%        to        -18.83%  
2017      1.15%        to        2.25%        15,424        17.01        to        14.76        248,183        1.09%        25.31%        to        23.92%  
2016      1.50%        to        2.25%        7,651        13.02        to        11.91        95,716        0.53%        -3.28%        to        -4.02%  

Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: S Class Shares (AMMCGS)

 

2020      0.80%        to        2.50%        62,642        20.67        to        51.46        3,763,408        0.00%        38.59%        to        36.22%  
2019      0.80%        to        2.50%        72,408        14.91        to        37.78        3,157,985        0.00%        31.42%        to        29.17%  
2018      0.80%        to        2.50%        75,180        11.35        to        29.25        2,533,406        0.00%        -7.31%        to        -8.91%  
2017      0.80%        to        2.50%        91,628        12.24        to        32.11        3,318,695        0.00%        23.57%        to        21.46%  
2016      0.80%        to        2.50%        82,950        9.91        to        26.44        2,432,375        0.00%        3.33%        to        1.56%  

Neuberger Berman Advisers Management Trust - Sustainable Equity Portfolio: Class I Shares (AMSRS)

 

2020      0.80%        to        2.35%        387,171        38.22        to        35.35        16,216,468        0.60%        18.61%        to        16.75%  
2019      0.80%        to        2.35%        446,891        32.22        to        30.27        15,844,032        0.41%        24.88%        to        22.93%  
2018      0.80%        to        2.35%        512,948        25.80        to        24.63        14,641,239        0.46%        -6.48%        to        -7.95%  
2017      0.80%        to        2.35%        620,643        27.59        to        26.76        19,084,309        0.50%        17.48%        to        15.65%  
2016      0.80%        to        2.65%        731,358        23.49        to        22.18        19,228,044        0.66%        8.99%        to        6.96%  

Neuberger Berman Advisers Management Trust - Short Duration Bond Portfolio: I Class Shares (AMTB)

 

2020      0.40%        to        2.90%        4,872,120        11.51        to        8.15        58,389,512        2.34%        3.04%        to        0.46%  
2019      0.40%        to        2.90%        5,359,460        11.17        to        8.11        62,808,951        1.93%        3.27%        to        0.68%  
2018      0.40%        to        2.90%        6,261,593        10.82        to        8.06        71,476,654        1.53%        0.61%        to        -1.92%  
2017      0.40%        to        2.90%        7,094,458        10.75        to        8.22        81,907,897        1.44%        0.49%        to        -2.03%  
2016      0.40%        to        2.90%        7,701,381        10.70        to        8.39        88,811,356        1.13%        0.82%        to        -1.71%  

Northern Lights Variable Trust - TOPS Managed Risk Balanced ETF Portfolio: Class 4 (NOTB4)

 

2020      1.30%        to        2.55%        663,596        12.63        to        11.38        8,101,778        1.83%        4.09%        to        2.77%  
2019      1.30%        to        2.55%        851,617        12.13        to        11.07        10,056,420        1.92%        12.69%        to        11.26%  
2018      1.30%        to        2.55%        925,125        10.77        to        9.95        9,728,895        1.29%        -7.63%        to        -8.81%  
2017      1.30%        to        2.55%        1,009,768        11.66        to        10.91        11,532,572        1.17%        8.81%        to        7.44%  
2016      1.30%        to        2.80%        1,100,769        10.71        to        9.62        11,591,799        0.91%        4.44%        to        2.86%  

Northern Lights Variable Trust - TOPS Managed Risk Growth ETF Portfolio: Class 4 (NOTG4)

 

2020      1.30%        to        2.50%        357,033        13.41        to        12.14        4,591,418        1.77%        3.49%        to        2.23%  
2019      1.30%        to        2.50%        407,232        12.96        to        11.87        5,078,242        1.36%        15.12%        to        13.72%  
2018      1.30%        to        2.50%        443,562        11.26        to        10.44        4,832,206        0.76%        -10.28%        to        -11.37%  
2017      1.30%        to        2.50%        908,323        12.55        to        11.78        11,186,391        1.29%        15.81%        to        14.41%  
2016      1.30%        to        2.50%        957,595        10.83        to        10.30        10,223,761        1.34%        3.79%        to        2.53%  

Northern Lights Variable Trust - TOPS Managed Risk Moderate Growth ETF Portfolio: Class 4 (NOTMG4)

 

2020      1.30%        to        2.85%        515,358        13.48        to        11.08        6,654,569        1.85%        4.16%        to        2.52%  
2019      1.30%        to        2.85%        597,271        12.94        to        10.81        7,455,381        1.80%        14.38%        to        12.58%  
2018      1.30%        to        2.85%        629,849        11.32        to        9.60        6,905,389        1.24%        -8.82%        to        -10.26%  
2017      1.30%        to        2.85%        706,332        12.41        to        10.70        8,535,354        1.24%        12.14%        to        10.39%  
2016      1.15%        to        2.85%        764,557        11.14        to        9.69        8,281,252        1.11%        4.63%        to        2.84%  

PIMCO Variable Insurance Trust - Dynamic Bond Portfolio: Advisor Class (PMUBA)

 

2020      0.40%        to        0.60%        5,557        10.95        to        10.89        60,602        2.67%        4.28%        to        4.07%  
2019      0.40%        to        0.60%        5,450        10.50        to        10.47        57,094        4.33%        4.41%        to        4.20%  
2018      0.40%        to        0.60%        5,377        10.06        to        10.04        54,032        1.57%        0.58%        to        0.44% **** 

PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor Class (PMVAAD)

 

2020      0.40%        to        2.80%        3,210,312        12.56        to        11.17        39,742,420        4.84%        7.48%        to        4.89%  
2019      0.40%        to        2.80%        3,633,506        11.69        to        10.65        42,412,486        2.81%        11.30%        to        8.62%  
2018      0.40%        to        2.75%        3,832,626        10.50        to        9.84        40,668,162        3.02%        -5.83%        to        -8.06%  
2017      0.40%        to        2.75%        4,156,552        11.15        to        10.70        47,412,110        4.52%        12.93%        to        10.27%  
2016      0.40%        to        2.75%        4,281,948        9.88        to        9.70        43,779,732        2.51%        12.45%        to        9.81%  

PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Advisor Class (PMVEBD)

 

2020      0.40%        to        2.55%        1,124,699        12.82        to        10.84        13,179,737        4.47%        6.15%        to        3.86%  
2019      0.40%        to        2.55%        1,163,994        12.07        to        10.44        12,978,458        4.32%        14.19%        to        11.73%  
2018      0.40%        to        2.50%        1,107,456        10.57        to        9.37        10,939,981        4.02%        -5.21%        to        -7.22%  
2017      0.40%        to        2.45%        1,173,838        11.15        to        10.12        12,388,382        4.93%        9.34%        to        7.10%  
2016      0.40%        to        2.45%        804,800        10.20        to        9.45        7,844,517        5.19%        12.76%        to        10.45%  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract Expense
Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

PIMCO Variable Insurance Trust - International Bond Portfolio (unhedged): Advisor Class (PMVFAD)

 

2020      0.40%        to        2.75%        1,257,045        14.69        to        11.12        16,100,326        5.24%        10.22%        to        7.62%  
2019      0.40%        to        2.75%        1,330,616        13.33        to        10.33        15,596,010        1.90%        6.49%        to        3.98%  
2018      0.40%        to        2.75%        1,483,969        12.52        to        9.94        16,536,038        4.83%        -4.46%        to        -6.73%  
2017      0.40%        to        2.75%        1,504,589        13.10        to        10.65        17,756,763        1.47%        10.29%        to        7.70%  
2016      0.40%        to        2.75%        1,723,219        11.88        to        9.89        18,641,304        1.10%        2.49%        to        0.08%  

PIMCO Variable Insurance Trust - International Bond Portfolio (U.S. Dollar-Hedged): Administrative Class (PMVFHA)

 

2020      0.40%        to        0.60%        44,853        13.37        to        13.16        598,302        5.87%        5.13%        to        4.92%  
2019      0.40%        to        0.60%        53,592        12.72        to        12.55        678,593        1.76%        6.58%        to        6.37%  
2018      0.40%        to        0.60%        52,907        11.93        to        11.80        628,907        1.41%        1.71%        to        1.50%  
2017      0.40%        to        0.60%        11,528        11.73        to        11.62        135,131        5.13%        2.35%        to        2.15%  
2016            0.40%        10,635              11.46        121,889        1.40%              6.06%  

PIMCO Variable Insurance Trust - High Yield Portfolio: Advisor Class (PMVHYD)

 

2020      0.40%        to        0.60%        22,789        14.05        to        13.84        319,218        4.69%        5.19%        to        4.98%  
2019      0.40%        to        0.60%        19,301        13.36        to        13.18        256,990        4.85%        14.15%        to        13.92%  
2018      0.40%        to        0.60%        20,123        11.70        to        11.57        234,817        4.96%        -3.14%        to        -3.34%  
2017      0.40%        to        0.60%        11,334        12.08        to        11.97        136,781        4.62%        6.09%        to        5.88%  
2016      0.40%        to        0.60%        29,352        11.39        to        11.31        334,267        5.15%        11.91%        to        11.68%  

PIMCO Variable Insurance Trust - Income Portfolio: Advisor Class (PMVIV)

 

2020      0.40%        to        1.15%        158,115        11.50        to        10.78        1,785,712        3.88%        5.96%        to        7.84%  
2019            0.40%        23,677              10.86        257,017        3.31%              8.03%  
2018            0.40%        1,696              10.05        17,043        0.43%              0.49% **** 

PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class (PMVLAD)

 

2020      0.00%        to        2.90%        33,384,385        -            to        9.75        385,632,417        1.10%        0.00%        to        -0.09%  
2019      0.40%        to        2.90%        33,581,573        12.80        to        9.76        382,289,769        2.66%        3.51%        to        0.91%  
2018      0.40%        to        2.90%        35,595,616        12.36        to        9.67        395,408,156        1.81%        -0.17%        to        -2.69%  
2017      0.40%        to        2.90%        36,607,998        12.39        to        9.94        411,665,133        1.24%        0.85%        to        -1.68%  
2016      0.40%        to        2.95%        37,135,940        12.28        to        10.07        418,563,527        1.39%        0.90%        to        -1.68%  

PIMCO Variable Insurance Trust - Real Return Portfolio - Advisor Class (PMVRA)

 

2020      0.40%        to        0.60%        44,679        11.21        to        11.03        500,024        1.29%        11.16%        to        10.94%  
2019      0.40%        to        0.60%        26,395        10.08        to        9.95        265,577        1.59%        7.89%        to        7.68%  
2018      0.40%        to        0.60%        25,651        9.34        to        9.24        239,192        2.32%        -2.70%        to        -2.90%  
2017      0.40%        to        0.60%        18,070        9.60        to        9.51        173,164        2.24%        3.15%        to        2.94%  
2016      0.40%        to        0.60%        17,059        9.31        to        9.24        158,754        2.17%        4.66%        to        4.45%  

PIMCO Variable Insurance Trust - CommodityRealReturn(R) Strategy Portfolio: Advisor Class (PMVRSD)

 

2020      0.40%        to        0.60%        18,383        5.96        to        5.87        109,299        6.15%        0.82%        to        0.62%  
2019      0.40%        to        0.60%        20,926        5.91        to        5.83        123,184        4.29%        10.91%        to        10.68%  
2018      0.40%        to        0.60%        22,048        5.33        to        5.27        117,213        2.02%        -14.55%        to        -14.72%  
2017      0.40%        to        0.60%        15,330        6.24        to        6.18        95,488        10.92%        1.64%        to        1.44%  
2016      0.40%        to        0.60%        12,213        6.14        to        6.09        74,957        1.02%        14.41%        to        14.18%  

PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class (PMVSTA)

 

2020      0.40%        to        2.85%        6,979,158        10.90        to        9.70        72,446,111        1.13%        1.73%        to        -0.77%  
2019      0.40%        to        2.85%        6,714,306        10.71        to        9.78        69,148,806        2.37%        2.29%        to        -0.23%  
2018      0.40%        to        2.85%        4,846,128        10.48        to        9.80        49,347,196        2.12%        1.02%        to        -1.48%  
2017      0.40%        to        2.85%        2,423,474        10.37        to        9.95        24,681,162        1.63%        1.90%        to        -0.60%  
2016      0.40%        to        2.50%        944,987        10.18        to        10.03        9,541,193        0.94%        1.76%        to        0.32% **** 

PIMCO Variable Insurance Trust - Total Return Portfolio: Advisor Class (PMVTRD)

 

2020      0.40%        to        2.85%        31,967,426        13.66        to        10.74        392,219,285        2.02%        8.10%        to        5.44%  
2019      0.40%        to        2.85%        31,717,096        12.64        to        10.18        363,477,084        2.90%        7.81%        to        5.16%  
2018      0.40%        to        2.85%        34,163,917        11.72        to        9.68        366,647,370        2.44%        -1.03%        to        -3.48%  
2017      0.40%        to        2.85%        32,295,222        11.84        to        10.03        354,159,256        1.93%        4.40%        to        1.84%  
2016      0.40%        to        2.85%        30,683,591        11.34        to        9.85        325,826,434        1.98%        2.17%        to        -0.33%  

Putnam Variable Trust - Putnam VT Equity Income Fund: Class IB (PVEIB)

 

2020      0.40%        to        2.40%        775,830        12.63        to        13.12        10,559,349        1.11%        5.38%        to        3.26%  
2019      0.60%        to        2.10%        222,349        11.95        to        12.81        2,895,953        1.96%        29.62%        to        27.67%  
2018      0.95%        to        2.10%        215,922        10.23        to        10.04        2,191,798        0.66%        -9.36%        to        -10.42%  
2017      1.05%        to        2.10%        168,534        11.28        to        11.20        1,896,326        0.00%        12.83%        to        12.04% **** 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract Expense
Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

Putnam Variable Trust - Putnam VT Growth Opportunities Fund: Class IB (PVGOB)

 

2020      0.95%        to        2.45%        296,081        25.34        to        23.68        7,331,681        0.03%        37.39%        to        35.31%  
2019      0.95%        to        2.45%        208,365        18.45        to        17.50        3,782,197        0.12%        35.44%        to        33.39%  
2018      0.95%        to        2.45%        160,245        13.62        to        13.12        2,159,663        0.00%        1.40%        to        -0.14%  
2017      0.95%        to        2.20%        124,428        13.43        to        13.19        1,659,378        0.09%        29.66%        to        28.03%  
2016      0.95%        to        2.20%        98,505        10.36        to        10.30        1,018,101        0.00%        3.58%        to        2.98% **** 

Putnam Variable Trust - Putnam VT International Value Fund: Class IB (PVIGIB)

 

2020      0.40%        to        1.85%        61,993        13.59        to        13.45        836,348        0.00%        35.86%        to        34.54% **** 

Putnam Variable Trust - Putnam VT International Equity Fund: Class IB (PVTIGB)

 

2020      1.15%        to        2.85%        527,036        24.55        to        18.07        12,143,675        2.16%        10.81%        to        8.90%  
2019      1.15%        to        2.85%        889,855        22.15        to        16.59        18,098,499        1.22%        23.71%        to        21.59%  
2018      1.15%        to        2.85%        412,873        17.91        to        13.64        6,930,959        1.23%        -20.05%        to        -21.43%  
2017      1.15%        to        2.85%        238,311        22.40        to        17.37        4,984,087        1.69%        25.13%        to        22.98%  
2016      1.15%        to        2.85%        96,688        17.90        to        14.12        1,605,654        0.87%        -3.57%        to        -5.23%  

Mutual Fund and Variable Insurance Trust - Rational Insider Buying VA Fund (HVSIT)

 

2020      0.40%        to        2.55%        690,065        27.13        to        21.73        16,628,460        0.00%        13.68%        to        11.23%  
2019      0.40%        to        2.55%        814,651        23.86        to        19.54        17,482,244        0.00%        23.51%        to        20.84%  
2018      0.40%        to        2.55%        898,461        19.32        to        16.17        15,775,103        0.63%        -7.55%        to        -9.56%  
2017      0.40%        to        2.55%        1,110,094        20.90        to        17.88        21,345,191        0.55%        17.05%        to        14.53%  
2016      0.40%        to        2.55%        1,272,457        17.86        to        15.61        21,151,245        0.61%        10.56%        to        8.18%  

Royce Capital Fund - Royce Small-Cap Portfolio: Investment Class (ROCSC)

 

2020      0.40%        to        0.60%        15,761        14.39        to        14.17        226,558        1.00%        -7.52%        to        -7.71%  
2019      0.40%        to        0.60%        17,421        15.56        to        15.35        270,882        0.69%        18.19%        to        17.95%  
2018      0.40%        to        0.60%        17,884        13.17        to        13.02        235,295        0.59%        -8.71%        to        -8.89%  
2017      0.40%        to        0.60%        26,309        14.42        to        14.29        379,276        0.97%        4.96%        to        4.75%  
2016      0.40%        to        0.60%        24,702        13.74        to        13.64        339,279        1.95%        20.48%        to        20.23%  

T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II (TRHS2)

 

2020      0.40%        to        2.85%        5,988,488        62.40        to        47.85        330,010,263        0.00%        28.75%        to        25.59%  
2019      0.40%        to        2.85%        6,515,519        48.47        to        38.10        281,656,169        0.00%        28.12%        to        24.96%  
2018      0.40%        to        2.85%        7,141,535        37.83        to        30.49        243,790,188        0.00%        0.45%        to        -2.03%  
2017      0.40%        to        2.85%        7,441,709        37.66        to        31.12        255,692,808        0.00%        26.80%        to        23.69%  
2016      0.40%        to        2.85%        7,778,961        29.70        to        25.16        213,291,589        0.00%        -11.07%        to        -13.25%  

VanEck VIP Trust - VanEck VIP Global Gold Fund: Class S (VVGGS)

 

2020      0.40%        to        1.45%        67,883        16.88        to        11.02        813,315        1.86%        38.07%        to        10.24%  
2019      0.40%        to        0.60%        20,955        12.23        to        12.19        256,083        0.00%        38.19%        to        37.91% **** 

VanEck VIP Trust - Emerging Markets Bond Fund: Initial Class (VWBF)

 

2020      0.80%        to        1.40%        222,231        22.90        to        22.33        5,762,387        6.96%        8.05%        to        7.40%  
2019      0.80%        to        1.40%        253,821        21.20        to        20.79        6,133,783        0.34%        11.72%        to        11.04%  
2018      0.80%        to        1.40%        288,142        18.98        to        18.72        6,272,880        7.69%        -6.89%        to        -7.46%  
2017      0.80%        to        1.40%        311,850        20.38        to        20.23        7,360,076        2.34%        11.35%        to        10.68%  
2016      0.80%        to        1.40%        344,888        18.30        to        18.28        7,379,166        0.00%        5.57%        to        4.94%  

VanEck VIP Trust - Emerging Markets Fund: Initial Class (VWEM)

 

2020      0.80%        to        1.40%        410,863        41.23        to        35.63        14,922,367        2.02%        16.31%        to        15.61%  
2019      0.80%        to        1.40%        493,694        35.44        to        30.82        15,492,202        0.46%        29.55%        to        28.77%  
2018      0.80%        to        1.40%        546,069        27.36        to        23.94        13,296,936        0.32%        -24.10%        to        -24.56%  
2017      0.80%        to        1.40%        650,129        36.05        to        31.73        20,971,090        0.41%        49.83%        to        48.93%  
2016      0.80%        to        1.40%        699,218        24.06        to        21.31        15,129,566        0.48%        -0.70%        to        -1.30%  

VanEck VIP Trust - Global Hard Assets Fund: Initial Class (VWHA)

 

2020      0.80%        to        2.35%        509,129        31.96        to        6.42        10,688,952        0.93%        18.16%        to        16.31%  
2019      0.80%        to        2.35%        597,024        27.05        to        5.52        10,480,871        0.00%        10.97%        to        9.24%  
2018      0.80%        to        2.40%        689,947        24.37        to        5.04        10,676,012        0.00%        -28.85%        to        -30.01%  
2017      0.75%        to        2.45%        822,612        7.91        to        7.17        17,814,098        0.00%        -2.43%        to        -4.10%  
2016      0.75%        to        2.45%        968,351        8.11        to        7.48        21,408,506        0.41%        42.64%        to        40.20%  

VanEck VIP Trust - Global Hard Assets Fund: Class S (VWHAS)

 

2020      0.40%        to        2.85%        4,447,956        7.92        to        5.96        29,745,133        0.74%        18.35%        to        15.44%  
2019      0.40%        to        2.85%        4,531,754        6.69        to        5.16        25,916,249        0.00%        11.10%        to        8.37%  
2018      0.40%        to        2.55%        4,611,558        6.02        to        4.86        23,971,126        0.00%        -28.71%        to        -30.26%  
2017      0.40%        to        2.85%        4,333,652        8.45        to        6.85        31,995,322        0.00%        -2.36%        to        -4.76%  
2016      0.40%        to        2.85%        5,646,906        8.65        to        7.19        43,116,182        0.29%        42.84%        to        39.34%  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

     Contract Expense
Rate*		      Units      Unit
Fair Value		      Contact
Owners’ Equity		      Investment
Income
Ratio**		      Total
Return***		  

Victory Variable Insurance Funds - Diversified Stock Fund: Class A Shares (VYDS)

 

2019      1.15%        to        1.35%        5,849        28.41        to        27.49        162,425        0.54%        26.91%        to        26.65%  
2018      1.15%        to        1.35%        5,933        22.39        to        21.70        129,994        0.42%        -14.31%        to        -14.48%  
2017      1.15%        to        1.35%        7,477        26.13        to        25.38        191,617        0.68%        25.01%        to        24.75%  
2016      1.15%        to        1.35%        8,424        20.90        to        20.34        173,052        1.00%        2.70%        to        2.50%  

Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class A (VRVDRA)

 

2020      0.40%        to        1.95%        213,399        10.65        to        10.37        2,251,819        1.42%        -1.94%        to        -3.47%  
2019      0.40%        to        2.40%        188,313        10.86        to        10.71        1,687,024        3.33%        8.60%        to        7.14% **** 

Wells Fargo Variable Trust - VT Omega Growth Fund: Class 2 (WFVOG2)

 

2020      1.40%        to        1.75%        403        48.81        to        47.03        19,518        0.00%        41.18%        to        40.68%  
2019      1.40%        to        1.75%        403        34.57        to        33.43        13,839        0.00%        35.13%        to        34.65%  
2018      1.40%        to        1.75%        850        25.59        to        24.83        21,663        0.00%        -1.14%        to        -1.49%  
2017      1.40%        to        1.75%        850        25.88        to        25.20        21,922        0.01%        32.72%        to        32.25%  
2016      1.40%        to        1.75%        850        19.50        to        19.06        16,525        0.00%        -0.89%        to        -1.24%  

Wells Fargo Variable Trust - VT Small Cap Growth Fund: Class 2 (WFVSCG)

 

2020      0.40%        to        2.75%        2,454,772        63.67        to        45.69        135,764,009        0.00%        57.15%        to        53.45%  
2019      0.40%        to        2.75%        2,719,852        40.52        to        29.78        96,591,484        0.00%        24.33%        to        21.40%  
2018      0.40%        to        2.85%        2,983,354        32.59        to        24.17        86,150,917        0.00%        0.90%        to        -1.60%  
2017      0.40%        to        2.85%        2,937,303        32.30        to        24.57        84,900,413        0.00%        25.36%        to        22.28%  
2016      0.40%        to        2.85%        2,939,252        25.76        to        20.09        68,560,466        0.00%        7.32%        to        4.68%  

 

*

This represents the range of annual contract expense rates of the variable account at the period end indicated and includes only those expenses that are charged through a reduction in the unit values. Excluded are expenses of the underlying mutual funds and charges made directly to contract owner accounts through the redemption of units.

**

This represents the ratio of dividends for the period indicated, excluding distributions of capital gains, received by the subaccount from the underlying mutual fund, net of management fees assessed by the fund manager, divided by monthly average net assets (excluding months where net assets are zero). The investment income ratio for subaccounts initially funded during the period presented has not been annualized. The ratios exclude those expenses that result in direct reductions to the contract owner accounts through reductions in unit values. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the underlying fund in which the subaccounts invest.

***

This represents the range of minimum and maximum total returns for the period indicated, including changes in the value of the underlying mutual fund, which reflects the reduction of unit values for expenses assessed. The total returns do not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return is not annualized if the underlying mutual fund option was initially added and funded during the period presented. Minimum and maximum ranges are not shown for underlying mutual fund options for which a single contract expense rate (product option) exists. In such cases, the total return presented is representative of all units issued and outstanding at period end.

****

Subaccounts denoted indicate the underlying mutual fund option was initially added and funded during the period presented.

NATIONWIDE LIFE INSURANCE COMPANY

FOR THE YEAR ENDED DECEMBER 31, 2020

TABLE OF CONTENTS

 

     Page  
  

Independent Auditors’ Report

     F-1  
  

Statutory Statements of Admitted Assets, Liabilities, Capital and Surplus

     F-3  
  

Statutory Statements of Operations

     F-4  
  

Statutory Statements of Changes in Capital and Surplus

      F-5  
  

Statutory Statements of Cash Flow

     F-6  
  

Notes to Statutory Financial Statements

     F-7  
  

Schedule I – Consolidated Summary of Investments – Other Than Investments in Related Parties

     F-47  
  

Schedule III – Supplementary Insurance Information

     F-48  
  

Schedule IV – Reinsurance

     F-49  
  

Schedule V – Valuation and Qualifying Accounts

     F-50  

LOGO

Independent Auditors’ Report

Audit Committee of the Board of Directors Nationwide Life Insurance Company:

We have audited the accompanying financial statements of Nationwide Life Insurance Company (the Company), which comprise the statutory statements of admitted assets, liabilities, capital and surplus as of December 31, 2020 and 2019, and the related statutory statements of operations, changes in capital and surplus, and cash flow for each of the years in the three-year period ended December 31, 2020, and the related notes to the statutory financial statements (“statutory financial statements”).

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with statutory accounting practices prescribed or permitted by the Ohio Department of Insurance (the Department). Management is also responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditors’ Responsibility

Our responsibility is to express an opinion on these financial statements 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 are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles

As described in Note 2 to the financial statements, the financial statements are prepared by the Company using statutory accounting practices prescribed or permitted by the Department, which is a basis of accounting other than U.S. generally accepted accounting principles. Accordingly, the financial statements are not intended to be presented in accordance with U.S. generally accepted accounting principles.

The effects on the financial statements of the variances between the statutory accounting practices described in Note 2 and U.S. generally accepted accounting principles, although not reasonably determinable, are presumed to be material.

 

LOGO

LOGO

Adverse Opinion on U.S. Generally Accepted Accounting Principles

In our opinion, because of the significance of the variances between statutory accounting practices and U.S. generally accepted accounting principles discussed in the Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles paragraph, the financial statements referred to above do not present fairly, in accordance with U.S. generally accepted accounting principles, the financial position of the Company as of December 31, 2020 and 2019, or the results of its operations or its cash flows for each of the years in the three-year period ended December 31, 2020.

Opinion on Statutory Basis of Accounting

In our opinion, the financial statements referred to above present fairly, in all material respects, the admitted assets, liabilities, capital and surplus of the Company as of December 31, 2020 and 2019, and the results of its operations and its cash flow for each of the years in the three-year period ended December 31, 2020, in accordance with statutory accounting practices prescribed or permitted by the Department described in Note 2.

Other Matter

Our audits were conducted for the purpose of forming an opinion on the financial statements as a whole. The supplementary information included in Schedule I Consolidated Summary of Investments – Other Than Investments in Related Parties, Schedule III Supplementary Insurance Information, Schedule IV Reinsurance and Schedule V Valuation and Qualifying Accounts is presented for purposes of additional analysis and is not a required part of the financial statements but is supplementary information required by the Securities and Exchange Commission’s Regulation S-X. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audits of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the financial statements as a whole.

 

LOGO

Columbus, Ohio

March 19, 2021

 

F-2

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Statutory Statements of Admitted Assets, Liabilities, Capital and Surplus

 

      December 31,  
(in millions, except share amounts)    2020      2019  
     

Admitted assets

      

Invested assets

      

Bonds

    $ 37,207      $ 35,124  

Stocks

      2,835        2,622  

Mortgage loans, net of allowance

      7,783        7,655  

Policy loans

      888        903  

Derivative assets

      51        94  

Cash, cash equivalents and short-term investments

      461        556  

Securities lending collateral assets

      101        132  

Other invested assets

      955        958  

Total invested assets

    $ 50,281      $ 48,044  

Accrued investment income

      692        573  

Deferred federal income tax assets, net

      642        601  

Federal income tax receivable

      11        108  

Other assets

      184        152  

Separate account assets

      114,407        105,655  

Total admitted assets

    $ 166,217      $ 155,133  
     

Liabilities, capital and surplus

      

Liabilities

      

Future policy benefits and claims

    $ 41,002      $ 39,139  

Policyholders dividend accumulation

      430        452  

Short-term debt

      3        203  

Asset valuation reserve

      466        479  

Payable for securities

      177        113  

Derivative liabilities

      87        23  

Securities lending payable

      101        132  

Other liabilities

      1,929        1,682  

Accrued transfers from separate accounts

      (1,490 )       (1,567 ) 

Separate account liabilities

      114,407        105,655  

Total liabilities

    $ 157,112      $ 146,311  
     

Capital and surplus

      

Capital shares ($1 par value; authorized - 5,000,000 shares, issued and outstanding - 3,814,779 shares)

    $ 4      $ 4  

Surplus notes

      1,100        1,100  

Additional paid-in capital

      1,998        1,998  

Unassigned surplus

      6,003        5,720  

Total capital and surplus

    $ 9,105      $ 8,822  

Total liabilities, capital and surplus

    $     166,217      $     155,133  

See accompanying notes to statutory financial statements.

 

F-3

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

 

Statutory Statements of Operations

 

      Year ended December 31,  
(in millions)    2020     2019     2018  
      

Revenues

       

Premiums and annuity considerations

    $ 10,637     $ 10,168     $ 9,829  

Net investment income

      2,107       1,974       1,927  

Amortization of interest maintenance reserve

      -       (2 )      (1 ) 

Other revenues

      2,372       2,312       2,240  

Total revenues

    $ 15,116     $ 14,452     $ 13,995  
      

Benefits and expenses

       

Benefits to policyholders and beneficiaries

    $ 15,013     $ 14,782     $ 13,961  

Increase in reserves for future policy benefits and claims

      1,627       1,501       736  

Net transfers from separate accounts

      (3,544 )      (3,747 )      (2,468 ) 

Commissions

      646       674       670  

Dividends to policyholders

      36       38       40  

Reserve adjustment on reinsurance assumed

      (172 )      (246 )      (352 ) 

Other expenses

      444       417       398  

Total benefits and expenses

    $     14,050     $     13,419     $     12,985  
      

Income before federal income tax expense and net realized capital losses on investments

    $ 1,066     $ 1,033     $ 1,010  

Federal income tax expense (benefit)

      4       (73 )      64  
      

Income before net realized capital losses on investments

    $ 1,062     $ 1,106     $ 946  

Net realized capital (losses) on investments, net of federal income tax (benefit) expense of $(26), $7 and $8 in 2020, 2019 and 2018, respectively, and excluding $(4), $0 and $(1) of net realized capital (losses) transferred to the interest maintenance reserve in 2020, 2019 and 2018, respectively

      (575 )      (477 )      (235 ) 

Net income

    $ 487     $ 629     $ 711  

See accompanying notes to statutory financial statements.

 

F-4

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

 

Statutory Statements of Changes in Capital and Surplus

 

(in millions)    Capital shares     

Surplus

notes

      Additional
paid-in
capital		      Unassigned
surplus		     Capital and
surplus		  

Balance as of December 31, 2017

    $ 4      $ 700      $ 963      $ 4,282     $ 5,949  
             

Net income

      -        -        -        711       711  

Change in asset valuation reserve

      -        -        -        (12 )      (12 ) 

Change in deferred income taxes

      -        -        -        72       72  

Change in net unrealized capital gains and losses, net of tax expense of $88

      -        -        -        (304 )      (304 ) 

Change in nonadmitted assets

      -        -        -        (6 )      (6 ) 

Capital contribution from Nationwide

              

Financial Services, Inc.

      -        -        435        -       435  

Balance as of December 31, 2018

    $ 4      $ 700      $ 1,398      $ 4,743     $ 6,845  
             

Net income

      -        -        -        629       629  

Change in asset valuation reserve

      -        -        -        (107 )      (107 ) 

Change in deferred income taxes

      -        -        -        (29 )      (29 ) 

Change in net unrealized capital gains and losses, net of tax (benefit) of ($29)

      -        -        -        426       426  

Change in nonadmitted assets

      -        -        -        59       59  

Change in surplus notes

      -        400        -        -       400  

Capital contribution from Nationwide Financial Services, Inc.

      -        -        600        -       600  

Other, net

      -        -        -        (1 )      (1 ) 

Balance as of December 31, 2019

    $ 4      $ 1,100      $ 1,998      $ 5,720     $ 8,822  
             

Change in reserve on account of change in valuation basis

      -        -        -        78       78  

Cumulative effect of change in accounting principle

      -        -        -        5       5  

Balance as of January 1, 2020

    $ 4      $ 1,100      $ 1,998      $ 5,803     $ 8,905  
             

Net income

      -        -        -        487       487  

Change in asset valuation reserve

      -        -        -        13       13  

Change in deferred income taxes

      -        -        -        41       41  

Change in net unrealized capital gains and losses, net of tax (benefit) of ($3)

      -        -        -        (313 )      (313 ) 

Change in nonadmitted assets

      -        -        -        (21 )      (21 ) 

Other, net

      -        -        -        (7 )      (7 ) 

Balance as of December 31, 2020

    $ 4      $ 1,100      $ 1,998      $ 6,003     $ 9,105  

See accompanying notes to statutory financial statements.

 

F-5

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

 

Statutory Statements of Cash Flow

 

      Years ended December 31,  
(in millions)    2020     2019     2018  
      

Cash flows from operating activities:

       

Premiums collected, net of reinsurance

    $ 10,648     $ 10,184     $ 9,812  

Net investment income

      2,034       1,825       2,041  

Other revenue

      2,664       2,708       2,329  

Policy benefits and claims paid

      (14,886 )      (14,778 )      (13,947 ) 

Commissions, operating expenses and taxes, other than federal income tax paid

      (885 )      (847 )      (710 ) 

Net transfers from separate accounts

      3,620       3,805       2,606  

Policyholders’ dividends paid

      (38 )      (40 )      (45 ) 

Federal income taxes recovered

      121       87       74  

Net cash provided by operating activities

    $ 3,278     $ 2,944     $ 2,160  
      

Cash flows from investing activities:

       

Proceeds from investments sold, matured or repaid:

       

Bonds

    $ 3,404     $ 3,547     $ 3,366  

Stocks

      37       58       1  

Mortgage loans

      640       910       580  

Derivative assets

      -       4       560  

Other assets

      905       381       190  

Total investment proceeds

    $ 4,986     $ 4,900     $ 4,697  

Cost of investments acquired:

       

Bonds

    $ (5,527 )    $ (6,327 )    $ (4,499 ) 

Stocks

      (517 )      (454 )      (608 ) 

Mortgage loans

      (769 )      (800 )      (762 ) 

Derivative assets

      (580 )      (687 )      -  

Other assets

      (837 )      (340 )      (610 ) 

Total investments acquired

    $ (8,230 )    $ (8,608 )    $ (6,479 ) 

Net decrease in policy loans

      15       2       36  

Net cash used in investing activities

    $ (3,229 )    $ (3,706 )    $ (1,746 ) 
      

Cash flows from financing activities and miscellaneous sources:

       

Surplus notes

    $ -     $ 400     $ -  

Capital contribution from Nationwide Financial Services, Inc.

      -       600       435  

Net change in deposits on deposit-type contract funds and other insurance liabilities

      160       (714 )      228  

Net change in short-term debt

      (200 )      (162 )      365  

Derivative liabilities

      65       2       (135 ) 

Other cash (used) provided

      (169 )      93       (172 ) 

Net cash (used in) provided by financing activities and miscellaneous

    $ (144 )    $ 219     $ 721  
      

Net (decrease) increase in cash, cash equivalents and short-term investments

    $ (95 )    $ (543 )    $ 1,135  

Cash, cash equivalents and short-term investments at beginning of year

      556       1,099       (36 ) 

Cash, cash equivalents and short-term investments at end of year

    $ 461     $ 556     $ 1,099  

Supplemental disclosure of non-cash activities:

       

Exchange of bond investments

    $ 799     $ 592     $ 573  

Intercompany transfer of securities

    $ -     $ 6     $ 108  

Intercompany transfer of mortgages

    $ -     $ -     $ 155  

See accompanying notes to statutory financial statements.

 

F-6

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

(1)

Nature of Operations

Nationwide Life Insurance Company (“NLIC” or “the Company”) was incorporated in 1929 and is an Ohio domiciled stock life insurance company. The Company is a member of the Nationwide group of companies (“Nationwide”), which is comprised of Nationwide Mutual Insurance Company (“NMIC”) and all of its subsidiaries and affiliates.

All of the outstanding shares of NLIC’s common stock are owned by Nationwide Financial Services, Inc. (“NFS”), a holding company formed by Nationwide Corporation, a majority-owned subsidiary of NMIC.

The Company is a leading provider of long-term savings and retirement products in the United States of America (“U.S.”). The Company develops and sells a wide range of products and services, which include fixed and variable individual annuities, private and public sector group retirement plans, life insurance, investment advisory services and other investment products. The Company is licensed to conduct business in all fifty states, the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands.

The Company sells its products through a diverse distribution network. Unaffiliated entities that sell the Company’s products to their own customer bases include independent broker-dealers, financial institutions, wirehouses and regional firms, pension plan administrators, life insurance agencies, life insurance specialists and registered investment advisors. Representatives of affiliates who market products directly to a customer base include Nationwide Retirement Solutions, Inc. and Nationwide Financial Network producers, which includes the agency distribution force of the Company’s ultimate parent company, NMIC. NMIC completed the transition away from utilizing the exclusive agent model in 2020. The Company believes its broad range of competitive products, strong distributor relationships and diverse distribution network position it to compete effectively under various economic conditions.

Wholly-owned subsidiaries of NLIC as of December 31, 2020 include Nationwide Life and Annuity Insurance Company (“NLAIC”) and its wholly-owned subsidiaries, Olentangy Reinsurance, LLC (“Olentangy”) and Nationwide SBL, LLC (“NWSBL”), Jefferson National Financial Corporation (“JNF”) and its wholly-owned subsidiaries, Jefferson National Securities Corporation (“JNSC”) and Jefferson National Life Insurance Company (“JNLIC”), and its wholly-owned subsidiary, Jefferson National Life Insurance Company of New York (“JNLNY”), Eagle Captive Reinsurance, LLC (“Eagle”), Nationwide Investment Services Corporation (“NISC”) and Nationwide Investment Advisor, LLC (“NIA”). NLAIC primarily offers fixed indexed annuity contracts and individual annuity contracts, universal life insurance, variable universal life insurance, term life insurance and corporate-owned life insurance on a non-participating basis. Olentangy is a Vermont domiciled special purpose financial captive insurance company. NWSBL offers a securities-based lending product and is an Ohio limited liability company and nonadmitted subsidiary. JNF is a distributor of tax-advantaged investing solutions for registered investment advisors, fee-based advisors and the clients they serve. JNSC is a registered broker-dealer. JNLIC and JNLNY are licensed to underwrite both fixed and variable annuity products. Eagle is an Ohio domiciled special purpose financial captive insurance company. NISC is a registered broker-dealer. NIA is a registered investment advisor.

The Company is subject to regulation by the insurance departments of states in which it is domiciled and/or transacts business and undergoes periodic examinations by those departments.

As of December 31, 2020 and 2019, the Company did not have a significant concentration of financial instruments in a single investee, industry or geographic region. Also, the Company did not have a concentration of business transactions with a particular customer, lender, distribution source, market or geographic region in which a single event could cause a severe impact on the Company’s financial position after considering insurance risk that has been transferred to external reinsurers.

 

(2)

Summary of Significant Accounting Policies

Use of Estimates

The preparation of the statutory financial statements requires the Company to make estimates and assumptions that affect the amounts reported in the statutory financial statements and accompanying notes. Significant estimates include legal and regulatory reserves, certain investment and derivative valuations, future policy benefits and claims, provision for income taxes and valuation of deferred tax assets. Actual results could differ significantly from those estimates.

Basis of Presentation

The statutory financial statements of the Company are presented on the basis of accounting practices prescribed or permitted by the Ohio Department of Insurance (“the Department”). Prescribed statutory accounting practices are those practices incorporated directly or by reference in state laws, regulations and general administrative rules applicable to all insurance enterprises domiciled in a particular state. Permitted statutory accounting practices include practices not prescribed by the domiciliary state, but allowed by the domiciliary state regulatory authority.

 

 

F-7

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

The Company’s subsidiary, Eagle, applies a prescribed practice which values assumed guaranteed minimum death benefits (“GMDB”) and guaranteed lifetime withdrawal benefits (“GLWB”) risks on variable annuity contracts from NLIC and GLWB risks on fixed indexed annuity contracts from NLAIC using separate alternative reserving bases from the Statutory Accounting Principles detailed within the National Association of Insurance Commissioners (“NAIC”) Accounting Practices and Procedures manual (“NAIC SAP”) pursuant to Ohio Revised Code Chapter 3964 and approved by the Department. The prescribed practice related to NLIC guaranteed risks decreased the Company’s subsidiary valuation of Eagle, included in other invested assets on the statutory statements of admitted assets, liabilities, capital and surplus, by $711 million and $411 million as of December 31, 2020 and 2019, respectively. The prescribed practice related to NLAIC guaranteed risks, increased the Company’s subsidiary valuation of Eagle, included in other invested assets on the statutory statements of admitted assets, liabilities, capital and surplus, by $523 million and $226 million as of December 31, 2020 and 2019, respectively.

Olentangy was granted a permitted practice from the State of Vermont allowing Olentangy to carry the assets placed into a trust account by Union Hamilton Reinsurance Ltd. (“UHRL”) on its statutory statements of admitted assets, liabilities, capital and surplus at net admitted asset value. This permitted practice increased NLAIC’s valuation of this subsidiary, included in stocks on the statutory statements of admitted assets, liabilities, capital and surplus, by $67 million as of December 31, 2020 and 2019.

There was no difference in the Company’s net income as a result of prescribed or permitted practices. If the prescribed or permitted practices were not applied, the Company’s risk-based capital would continue to be above regulatory action levels. A reconciliation of the Company’s capital and surplus between NAIC SAP and prescribed and permitted practices is shown below:

 

   

(in millions)

     
 SSAP
#		  
 		     F/S Page       
 State of
domicile		  
 		     

 As of
December

31, 2020

  
 

 

     

 As of
December

31, 2019

  
 

 

   
             

Capital and Surplus

              

Statutory Capital and Surplus

           OH      $ 9,105      $ 8,822  

State Prescribed Practice:

              

Subsidiary valuation - Eagle: NLIC risks ceded

      52       3        OH        711        411  

Subsidiary valuation - Eagle: NLAIC risks ceded

      52       3        OH        (523 )       (226 ) 

State Permitted Practice:

              

Subsidiary valuation - Olentangy

      20       3        VT        (67 )       (67 ) 

Statutory Capital and Surplus, NAIC SAP

            $ 9,226      $ 8,940  
   

Statutory accounting practices vary in some respects from U.S. generally accepted accounting principles (“GAAP”), including the following practices:

Financial Statements

 

  ●  

Statutory financial statements are prepared using language and groupings substantially the same as the annual statements of the Company filed with the NAIC and state regulatory authorities;

 

  ●  

assets must be included in the statutory statements of admitted assets, liabilities, capital and surplus at net admitted asset value and nonadmitted assets are excluded through a charge to capital and surplus;

 

  ●  

an asset valuation reserve (“AVR”) is established in accordance with the NAIC Annual Statement Instructions for Life and Accident and Health Insurance Companies and is reported as a liability, and changes in the AVR are reported directly in capital and surplus;

 

  ●  

an interest maintenance reserve (“IMR”) is established in accordance with the NAIC Annual Statement Instructions for Life and Accident and Health Insurance Companies and is reported as a liability, and the amortization of the IMR is reported as revenue;

 

  ●  

the expense allowance associated with statutory reserving practices for investment contracts held in the separate accounts is reported in the general account as a negative liability;

 

  ●  

accounting for contingencies requires recording a liability at the midpoint of a range of estimated possible outcomes when no better estimate in the range exists;

 

  ●  

surplus notes are accounted for as a component of capital and surplus;

 

  ●  

costs related to successful policy acquisitions are charged to operations in the year incurred;

 

  ●  

negative cash balances are reported as negative assets;

 

F-8

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

  ●  

certain income and expense items are charged or credited directly to capital and surplus;

 

  ●  

amounts on deposit in internal qualified cash pools are reported as cash equivalents;

 

  ●  

the statutory statements of cash flows are presented on the basis prescribed by the NAIC; and

 

  ●  

the statutory financial statements do not include accumulated other comprehensive income.

Future Policy Benefits and Claims

 

  ●  

Deposits to universal life contracts, investment contracts and limited payment contracts are included in revenue; and

 

  ●  

future policy benefit reserves are based on statutory requirements.

Reinsurance Ceded

 

  ●  

Certain assets and liabilities are reported net of ceded reinsurance balances; and

 

  ●  

provision is made for amounts receivable and outstanding for more than 90 days through a charge to capital and surplus.

Investments

 

  ●  

Investments in bonds are generally stated at amortized cost, except those with an NAIC designation of “6”, which are stated at the lower of amortized cost or fair value;

 

  ●  

investments in preferred stocks are generally stated at amortized cost, except those with an NAIC designation of “4” through “6”, which are stated at the lower of amortized cost or fair value;

 

  ●  

other-than-temporary impairments on bonds, excluding loan-backed and structured securities, are measured based on fair value and are not reversible;

 

  ●  

the proportional amortized cost method is utilized to determine the liquidation value of Low-Income Housing Tax Credit Funds (“Tax Credit Funds”);

 

  ●  

admitted subsidiary, controlled and affiliated entities are not consolidated; rather, those investments are generally carried at audited statutory capital and surplus or GAAP equity, as appropriate, and are recorded as an equity investment in stocks or other invested assets;

 

  ●  

equity in earnings of subsidiary companies is recognized directly in capital and surplus as net unrealized capital gains or losses, while dividends from unconsolidated companies are recorded in operations as net investment income;

 

  ●  

undistributed earnings and valuation adjustments from investments in joint ventures, partnerships and limited liability companies are recognized directly in capital and surplus as net unrealized capital gains or losses;

 

  ●  

changes in non-specific mortgage loan reserves are measured under an incurred loss model and are recorded directly in capital and surplus as net unrealized capital gains or losses; and

 

  ●  

gains on sales of investments between affiliated companies representing economic transactions are deferred at the parent level until the related assets are paid down or an external sale occurs.

Separate Accounts

 

  ●  

Assets and liabilities of guaranteed separate accounts are reported as separate account assets and separate account liabilities, respectively.

Derivative Instruments

 

  ●  

Derivatives used in effective hedging transactions are valued in a manner consistent with the hedged asset or liability;

 

  ●  

unrealized gains and losses on derivatives that are not considered to be effective hedges are charged to capital and surplus;

 

  ●  

interest earned on derivatives is charged to net investment income; and

 

  ●  

embedded derivatives are not separated from the host contract and accounted for separately as a derivative instrument.

 

F-9

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

Goodwill

 

  ●  

Goodwill is limited to 10% of the prior reporting period’s adjusted statutory surplus, with any goodwill in excess of this limitation nonadmitted through a charge to surplus; and

 

  ●  

goodwill is amortized and charged to surplus.

Federal Income Taxes

 

  ●  

Changes in deferred federal income taxes are recognized directly in capital and surplus with limitations on the amount of deferred tax assets that can be reflected as an admitted asset (15% of surplus); and

 

  ●  

uncertain tax positions are subject to a “more likely than not” standard for federal and foreign income tax loss contingencies only.

Nonadmitted Assets

 

  ●  

In addition to the nonadmitted assets described above, certain other assets are nonadmitted and charged directly to capital and surplus. These include prepaid assets, certain software, disallowed IMR and other receivables outstanding for more than 90 days.

The financial information included herein is prepared and presented in accordance with SAP prescribed or permitted by the Department. Certain differences exist between SAP and GAAP, which are presumed to be material.

Revenues and Benefits

Life insurance premiums are recognized as revenue over the premium paying period of the related policies when due. Annuity considerations are recognized as revenue when received. Health insurance premiums are earned ratably over the terms of the related insurance and reinsurance contracts or policies. Policy benefits and claims that are expensed include interest credited to policy account balances, benefits and claims incurred in the period in excess of related policy reserves and other changes in future policy benefits.

Future Policy Benefits and Claims

Future policy benefits for traditional products are based on statutory mortality and interest requirements without consideration of withdrawals. The principal statutory mortality tables and interest assumptions used on policies in force are the 1958 Commissioner’s Standard Ordinary (“CSO”) table at interest rates of 2.5%, 3.0%, 3.5%, 4.0% and 4.5%, the 1941 CSO table at an interest rate of 2.5%, the 1980 CSO table at interest rates of 4.0%, 4.5%, 5.0% and 5.5%, the 2001 CSO table at an interest rate of 4.0% and 3.5% and the 2017 CSO table at an interest rate of 3.5% and 4.5%. Beginning January 1, 2020, the Company has applied principles-based reserving to all new individual life business. For business subject to principles-based reserving, additional reserves may be held where the deterministic and/or stochastic reserves are in excess of net premium reserves, as defined by Valuation Manual 20, Requirements for Principle-Based Reserves for Life Products (“VM-20”).

Future policy benefits for universal life and variable universal life contracts have been calculated based on participants’ contributions plus interest credited on any funds in the fixed account less applicable contract charges. These policies have been adjusted for possible future surrender charges in accordance with the Commissioner’s Reserve Valuation Method (“CRVM”). For business subject to principles-based reserving, the Company has calculated reserves under VM-20.

Future policy benefits for annuity products have been established based on contract term, interest rates and various contract provisions. Individual deferred annuity contracts issued in 1990 and after have been adjusted for possible future surrender charges in accordance with the Commissioner’s Annuity Reserve Valuation Method (“CARVM”).

As of 2019, the Company calculated its reserves for variable annuity products with guaranteed minimum death, accumulation and withdrawal benefits and other contracts involving guaranteed benefits similar to those offered with variable annuities under the standard scenario of Actuarial Guideline XLIII “CARVM for Variable Annuities”, which exceeded the stochastic 70th percentile Conditional Tail Expectations scenario. Effective January 1, 2020, the Company changed its reserve valuation basis for variable annuities due to changes to Valuation Manual 21, Requirements for Principle-Based Reserves for Variable Annuities (“VM-21”) and as a result, the Company calculated its reserves using a stochastic reserve, which is floored at the cash surrender value.

The aggregate reserves for individual accident and health policies consist of active life reserves, disabled life reserves and unearned premium reserves. The active life reserves for disability income are reserved for on the net level basis, at a 3.0% interest rate, using either the 1964 Commissioner’s Disability Table (for policies issued prior to 1982) or the 1985 Commissioner’s Individual Disability Table A (for policies issued after 1981). The active life reserves for major medical insurance (both scheduled and unscheduled benefits) are based on the benefit ratio method for policies issued after 1981.

 

F-10

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

The active life reserves for accident and health policies are reserved for on the net level basis, at a 3.0% interest rate, using either the 1956 Inter-Company Hospital-Surgical tables, the 1974 Medical Expense tables or the 1959 Accidental Death Benefits table.

The disabled life reserves for accident and health policies are calculated using the 1985 Commissioner’s Individual Disability Table A at a 3.0% interest rate. Unearned premium reserves are based on the actual gross premiums and actual days.

The aggregate reserves for group accident and health and franchise accident and health policies consist of disabled life reserves and unearned premium reserves. Reserves for benefits payable on disabled life claims are based on the 2012 Group Long-Term Disability (GLTD) Valuation Table, at varying interest rates of 2.75% - 6.0%, for group policies and the 1987 Commissioner’s Group Disability Table, at varying interest rates of 2.75% - 10.25%, for franchise policies.

Future policy benefits and claims for group long-term disability policies are the present value (discounted between 2.75% and 6.00%) of amounts not yet due on reported claims and an estimate of amounts to be paid on incurred but unreported claims. Future policy benefits and claims on other group health policies are not discounted.

The Company issues fixed and floating rate funding agreements to the Federal Home Loan Bank of Cincinnati (“FHLB”). The liabilities for such funding agreements are treated as annuities under Ohio law for life insurance companies and recorded in future policy benefits and claims. Refer to Note 9 for additional details.

Separate Accounts

Separate account assets represent contractholders’ funds that have been legally segregated into accounts with specific investment objectives. Separate account assets are primarily recorded at fair value, with the value of separate account liabilities set to equal the fair value of separate account assets. Separate account assets are primarily comprised of public, privately-registered and non-registered mutual funds, whose fair value is primarily based on the funds’ net asset value. Other separate account assets are recorded at fair value based on the methodology that is applicable to the underlying assets. In limited circumstances, other separate account assets are recorded at book value when the policyholder does not participate in the underlying portfolio experience.

Separate account liabilities, in conjunction with accrued transfers from separate accounts, represent contractholders’ funds adjusted for possible future surrender charges in accordance with the CARVM and the CRVM, respectively. The difference between full account value and CARVM/CRVM is reflected in accrued transfers to separate accounts, as prescribed by the NAIC, in the statutory statements of admitted assets, liabilities, capital and surplus. The annual change in the difference between full account value and CARVM/CRVM and its applicable federal income tax is reflected in the statutory statements of operations as part of the net transfers to separate accounts and federal income tax, respectively.

Retained Assets

The Company does not retain beneficiary assets. During a death benefit claim, the death benefit settlement method is payment to the beneficiary in the form of a check or electronic funds transfer.

Investments

Bonds and stocks of unaffiliated companies. Bonds are generally stated at amortized cost, except those with an NAIC designation of “6”, which are stated at the lower of amortized cost or fair value. Preferred stocks are generally stated at amortized cost, except those with an NAIC designation of “4” through “6”, which are stated at the lower of amortized cost or fair value. Common stocks are stated at fair value. Changes in the fair value of bonds and stocks stated at fair value are charged to capital and surplus.

Loan-backed and structured securities, which are included in bonds in the statutory financial statements, are stated in a manner consistent with the bond guidelines, but with additional consideration given to the special valuation rules implemented by the NAIC applicable to residential mortgage-backed securities that are not backed by U.S. government agencies, commercial mortgage-backed securities and certain other structured securities. Under these guidelines, an initial and adjusted NAIC designation is determined for each security. The initial NAIC designation, which takes into consideration the security’s amortized cost relative to an NAIC-prescribed valuation matrix, is used to determine the reporting basis (i.e., amortized cost or lower of amortized cost or fair value).

Interest income is recognized when earned, while dividends are recognized when declared. The Company nonadmits investment income due and accrued when amounts are over 90 days past due.

 

F-11

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

For investments in loan-backed and structured securities, the Company recognizes income and amortizes discounts and premiums using the effective-yield method based on prepayment assumptions, generally obtained using a model provided by a third-party vendor, and the estimated economic life of the securities. When actual prepayments differ significantly from estimated prepayments, the effective-yield is recalculated to reflect actual payments to date and anticipated future payments. Any resulting adjustment is included in net investment income in the period the estimates are revised. All other investment income is recorded using the effective-yield method without anticipating the impact of prepayments.

Purchases and sales of bonds and stocks are recorded on the trade date, with the exception of private placement bonds, which are recorded on the funding date. Realized gains and losses are determined on a specific identification method on the trade date.

Independent pricing services are most often utilized, and compared to pricing from additional sources, to determine the fair value of bonds and stocks for which market quotations or quotations on comparable securities are available. For these bonds and stocks, the Company obtains the pricing services’ methodologies and classifies the investments accordingly in the fair value hierarchy.

A corporate pricing matrix is used in valuing certain corporate bonds. The corporate pricing matrix was developed using publicly available spreads for privately-placed corporate bonds with varying weighted average lives and credit quality ratings. The weighted average life and credit quality rating of a particular bond to be priced using the corporate pricing matrix are important inputs into the model and are used to determine a corresponding spread that is added to the appropriate U.S. Treasury yield to create an estimated market yield for that bond. The estimated market yield and other relevant factors are then used to estimate the fair value of the particular bond.

Non-binding broker quotes are also utilized to determine the fair value of certain bonds when deemed appropriate or when valuations are not available from independent pricing services or a corporate pricing matrix. These bonds are classified with the lowest priority in the fair value hierarchy as only one broker quote is ordinarily obtained, the investment is not traded on an exchange, the pricing is not available to other entities and/or the transaction volume in the same or similar investments has decreased. Inputs used in the development of prices are not provided to the Company by the brokers as the brokers often do not provide the necessary transparency into their quotes and methodologies. At least annually, the Company performs reviews and tests to ensure that quotes are a reasonable estimate of the investments’ fair value. Price movements of broker quotes are subject to validation and require approval from the Company’s management. Management uses its knowledge of the investment and current market conditions to determine if the price is indicative of the investment’s fair value.

For all bonds, the Company considers its ability and intent to hold the security for a period of time sufficient to allow for the anticipated recovery in value, the expected recovery of principal and interest and the extent to which the fair value has been less than amortized cost. If the decline in fair value to below amortized cost is determined to be other-than-temporary, a realized loss is recorded equal to the difference between the amortized cost of the investment and its fair value.

The Company periodically reviews loan-backed and structured securities in an unrealized loss position by comparing the present value of cash flows, including estimated prepayments, expected to be collected from the security to the amortized cost basis of the security. If the present value of cash flows expected to be collected, discounted at the security’s effective interest rate, is less than the amortized cost basis of the security, the impairment is considered other-than-temporary and a realized loss is recorded.

All other bonds in an unrealized loss position are periodically reviewed to determine if a decline in fair value to below amortized cost is other-than-temporary. Factors considered during this review include timing and amount of expected cash flows, ability of the issuer to meet its obligations, financial condition and future prospects of the issuer, amount and quality of any underlying collateral and current economic and industry conditions that may impact an issuer.

Stocks may experience other-than-temporary impairment based on the prospects for full recovery in value in a reasonable period of time and the Company’s ability and intent to hold the stock to recovery. If a stock is determined to be other-than-temporarily impaired, a realized loss is recorded equal to the difference between the cost basis of the investment and its fair value.

 

F-12

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

Investments in subsidiaries. The investment in the Company’s wholly-owned insurance subsidiaries, NLAIC and Eagle, are carried using the equity method of accounting applicable to U.S. insurance subsidiary, controlled and affiliated (“SCA”) entities. This requires the investment to be recorded based on the value of its underlying audited statutory surplus. Furthermore, the equity method of accounting would be discontinued if the investment is reduced to zero, unless the Company has guaranteed obligations of the subsidiary or otherwise committed to provide further financial support. In accordance with the “look through” provisions of Statements of Statutory Accounting Principles (“SSAP”) No. 97, Investments in Subsidiary, Controlled and Affiliated Entities, the valuation of JNF, an unaudited downstream noninsurance holding company, is based on the individual audited SCA entities owned by the holding company. Additionally, all non-affiliated liabilities, commitments, contingencies, guarantees or obligations of the holding company are reflected in the determination of the carrying value of the investments. The Company’s investment in NISC and NIA, wholly-owned non-insurance subsidiaries, are carried using the equity method of accounting applicable to U.S. non-insurance subsidiary, controlled and affiliated entities. This requires the investment to be recorded based on its underlying audited GAAP equity. Investments in NLAIC, JNF and NISC are included in stocks, and the investment in Eagle is included in other invested assets on the statutory statements of admitted assets, liabilities, capital and surplus.

Mortgage loans, net of allowance. The Company holds commercial mortgage loans that are collateralized by properties throughout the U.S. Mortgage loans are held at unpaid principal balance adjusted for premiums and discounts, less a valuation allowance. The Company also holds commercial mortgage loans of these property types that are under development. Mortgage loans under development are collateralized by the borrower’s common stock.

As part of the underwriting process, specific guidelines are followed to ensure the initial quality of a new mortgage loan. Third-party appraisals are obtained to support loaned amounts as the loans are collateral dependent or guaranteed.

The collectability and value of a mortgage loan is based on the ability of the borrower to repay and/or the value of the underlying collateral. Many of the Company’s mortgage loans are structured with balloon payment maturities, exposing the Company to risks associated with the borrowers’ ability to make the balloon payment or refinance the property. Loans are considered delinquent when contractual payments are 90 days past due.

Mortgage loans require a loan-specific reserve when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. When management determines that a loan requires a loan-specific reserve, a provision for loss is established equal to the difference between the carrying value and the fair value of the collateral less costs to sell. Loan-specific reserve charges are recorded in net realized capital gains and losses. In the event a loan-specific reserve charge is reversed, the recovery is also recorded in net realized capital gains and losses.

In addition to the loan-specific reserves, the Company maintains a non-specific reserve based primarily on loan surveillance categories and property type classes, which reflects management’s best estimates of probable credit losses inherent in the portfolio of loans without specific reserves as of the date of the statutory statements of admitted assets, liabilities, capital and surplus. Management’s periodic evaluation of the adequacy of the non-specific reserve is based on past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect a group of borrowers’ ability to repay, the estimated value of the underlying collateral, composition of the loan portfolio, current economic conditions and other relevant factors. Non-specific reserve changes are recorded directly in capital and surplus as net unrealized capital gains and losses.

Management evaluates the credit quality of individual mortgage loans and the portfolio as a whole through a number of loan quality measurements, including, but not limited to, loan-to-value (“LTV”) and debt service coverage (“DSC”) ratios. The LTV ratio is calculated as a ratio of the amortized cost of a loan to the estimated value of the underlying collateral. DSC is the amount of cash flow generated by the underlying collateral of the mortgage loan available to meet periodic interest and principal payments of the loan. These loan quality measurements contribute to management’s assessment of relative credit risk in the mortgage loan portfolio. Based on underwriting criteria and ongoing assessment of the properties’ performance, management believes the amounts, net of valuation allowance, are collectible. This process identifies the risk profile and potential for loss individually and in the aggregate for the commercial mortgage loan portfolios. These factors are updated and evaluated at least annually. Due to the nature of the collateral underlying mortgage loans under development, these loans are not evaluated using the LTV and DSC ratios described above.

Interest income on performing mortgage loans is recognized in net investment income over the life of the loan using the effective-yield method. Loans in default or in the process of foreclosure are placed on non-accrual status. Interest received on non-accrual status mortgage loans is included in net investment income in the period received. Loans are restored to accrual status when the principal and interest is current and it is determined the future principal and interest payments are probable or the loan is modified.

Policy loans. Policy loans, which are collateralized by the related insurance policy, are held at the outstanding principal balance and do not exceed the net cash surrender value of the policy. As such, no valuation allowance for policy loans is required.

 

F-13

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

Cash and cash equivalents. Cash and cash equivalents include highly liquid investments with original maturities of less than three months and, effective December 31, 2020, amounts on deposit in internal qualified cash pools. The Company and various affiliates maintain agreements with Nationwide Cash Management Company (“NCMC”), an affiliate, under which NCMC acts as a common agent in handling the purchase and sale of short-term securities for the respective accounts of the participants in the internal qualified cash pool.

Short-term investments. Short-term investments consist primarily of government agency discount notes with maturities of twelve months or less at acquisition. Short-term investments also include outstanding promissory notes with initial maturity dates of one-year or less with certain affiliates. The Company carries short-term investments at amortized cost, which approximates fair value. As of December 31, 2019, short-term investments also included amounts on deposit with NCMC.

Other invested assets. Other invested assets consist primarily of alternative investments in private equity funds, private debt funds, tax credit funds, real estate partnerships and the investment in Eagle. Except for investments in certain tax credit funds, these investments are recorded using the equity method of accounting. Changes in carrying value as a result of the equity method are reflected as net unrealized capital gains and losses as a direct adjustment to capital and surplus. Gains and losses are generally recognized through income at the time of disposal or when operating distributions are received. Partnership interests in tax credit funds are held at amortized cost with amortization charged to net investment income over the period in which the tax benefits, primarily credits, are earned. Tax credits are recorded as an offset to tax expense in the period utilized.

The Company has sold $2.3 billion, $2.2 billion and $2.0 billion in Tax Credit Funds to unrelated third parties with outstanding guarantees as of December 31, 2020, 2019 and 2018, respectively. The Company has guaranteed after-tax benefits to the third-party investors through periods ending in 2037. These guarantees are in effect for periods of approximately 15 years each. The Tax Credit Funds provide a stream of tax benefits to the investors that will generate a yield and return of capital. If the tax benefits are not sufficient to provide these cumulative after-tax yields, the Company must fund any shortfall. The maximum amount of undiscounted future payments that the Company could be required to pay the investors under the terms of the guarantees is $1.4 billion, but the Company does not anticipate making any material payments related to the guarantees. The Company’s risks are mitigated in the following ways: (1) the Company has the right to buyout the equity related to the guarantee under certain circumstances, (2) the Company may replace underperforming properties to mitigate exposure to guarantee payments, (3) the Company oversees the asset management of the deals and (4) changes in tax laws are explicitly excluded from the Company’s guarantees of after-tax benefits.

Securities Lending. The Company has entered into securities lending agreements with a custodial bank whereby eligible securities are loaned to third parties, primarily major brokerage firms. These transactions are used to generate additional income in the securities portfolio. The Company is entitled to receive from the borrower any payments of interest and dividends received on loaned securities during the loan term. The agreements require a minimum of 102% of the fair value of the loaned securities to be held as collateral. Cash collateral is invested by the custodial bank in investment-grade securities, which are included in the total invested assets of the Company. Periodically, the Company may receive non-cash collateral, which would be recorded off-balance sheet. The Company recognizes loaned securities in bonds. A securities lending payable is recorded in other liabilities for the amount of cash collateral received. If the fair value of the collateral received (cash and/or securities) is less than the fair value of the securities loaned, the shortfall is nonadmitted. Net income received from securities lending activities is included in net investment income. Because the borrower or the Company may terminate a securities lending transaction at any time, if loans are terminated in advance of the reinvested collateral asset maturities, the Company would repay its securities lending obligations from operating cash flows or the proceeds of sales from its investment portfolio, which includes significant liquid securities.

Derivative Instruments

The Company uses derivative instruments to manage exposures and mitigate risks primarily associated with interest rates, equity markets and foreign currency. These derivative instruments primarily include interest rate swaps, cross-currency swaps, futures and options.

Derivative instruments used in hedging transactions considered to be effective hedges are reported in a manner consistent with the hedged items. Derivative instruments used in hedging transactions that do not meet or no longer meet the criteria of an effective hedge are accounted for at fair value with changes in fair value recorded in capital and surplus as unrealized gains or losses.

The fair value of derivative instruments is determined using various valuation techniques relying predominantly on observable market inputs. These inputs include interest rate swap curves, credit spreads, interest rates, counterparty credit risk, equity volatility and equity index levels.

 

F-14

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

The Company’s derivative transaction counterparties are generally financial institutions. To reduce the credit risk associated with open contracts, the Company enters into master netting agreements which permit the closeout and netting of transactions with the same counterparty upon the occurrence of certain events. In addition, the Company attempts to reduce credit risk by obtaining collateral from counterparties. The determination of the need for and the levels of collateral vary based on an assessment of the credit risk of the counterparty. The Company accepts collateral in the forms of cash and marketable securities. Non-cash collateral received is recorded off-balance sheet.

Cash flows and payment accruals on derivatives are recorded in net investment income.

Fair Value Measurements

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources while unobservable inputs reflect the Company’s view of market assumptions in the absence of observable market information. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. In determining fair value, the Company uses various methods, including market, income and cost approaches.

The Company categorizes its financial instruments into a three-level hierarchy based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument in its entirety.

The Company categorizes assets and liabilities held at fair value in the statutory statements of admitted assets, liabilities, capital and surplus as follows:

Level 1. Unadjusted quoted prices accessible in active markets for identical assets or liabilities at the measurement date and mutual funds where the value per share (unit) is determined and published daily and is the basis for current transactions.

Level 2. Unadjusted quoted prices for similar assets or liabilities in active markets or inputs (other than quoted prices) that are observable or that are derived principally from or corroborated by observable market data through correlation or other means. Primary inputs to this valuation technique may include comparative trades, bid/asks, interest rate movements, U.S. Treasury rates, London Interbank Offered Rate (“LIBOR”), prime rates, cash flows, maturity dates, call ability, estimated prepayments and/or underlying collateral values.

Level 3. Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. Inputs reflect management’s best estimates of the assumptions market participants would use at the measurement date in pricing the asset or liability. Consideration is given to the risk inherent in both the method of valuation and the valuation inputs. Primary inputs to this valuation technique include broker quotes and comparative trades.

The Company reviews its fair value hierarchy classifications for assets and liabilities quarterly. Changes in observability of significant valuation inputs identified during these reviews may trigger reclassifications. Reclassifications are reported as transfers at the beginning of the period in which the change occurs.

Asset Valuation Reserve

The Company maintains an AVR as prescribed by the NAIC for the purpose of offsetting potential credit related investment losses on each invested asset category, excluding cash, policy loans and income receivable. The AVR contains a separate component for each category of invested assets. The change in AVR is charged or credited directly to capital and surplus.

 

F-15

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

Interest Maintenance Reserve

The Company records an IMR as prescribed by the NAIC, which represents the net deferral for interest-related gains or losses arising from the sale of certain investments, such as bonds, mortgage loans and loan-backed and structured securities sold. The IMR is applied as follows:

 

  •  

for bonds, the designation from the NAIC Capital Markets and Investments Analysis Office must not have changed more than one designation between the beginning of the holding period and the date of sale;

 

  •  

the bond must never have been classified as a default security;

 

  •  

for mortgage loans, during the prior two years, they must not have had interest more than 90 days past due, been in the process of foreclosure or in the course of voluntary conveyance, nor had restructured terms; and

 

  •  

for loan-backed and structured securities, all interest-related other-than-temporary impairments and interest-related realized gains or losses on sales of the securities.

The realized gains or losses, net of related federal income tax, from the applicable bonds and mortgage loans sold, have been removed from the net realized gain or loss amounts and established as a net liability. This liability is amortized into income such that the amount of each capital gain or loss amortized in a given year is based on the excess of the amount of income which would have been reported that year, if the asset had not been disposed of over the amount of income which would have been reported had the asset been repurchased at its sale price. In the event the unamortized IMR liability balance is negative, the balance is reclassified as an asset and fully nonadmitted. The Company utilizes the grouped method for amortization. Under the grouped method, the liability is amortized into income over the remaining period to expected maturity based on the groupings of the individual securities into five-year bands.

Goodwill

For companies whose operations are primarily insurance related, goodwill is the excess of the cost to acquire a company over the Company’s share of the statutory book value of the acquired entity. Goodwill is recorded in stocks in the statutory statements of admitted assets, liabilities and surplus. Goodwill is amortized on a straight-line basis over the period of economic benefit, not to exceed ten years, with a corresponding charge to surplus.

Unamortized goodwill totaled $100 million and $116 million as of December 31, 2020 and 2019, respectively. All unamortized goodwill as of December 31, 2020 and 2019, is related to the acquisition of JNF, which represents 55% and 69%, respectively, of JNF’s gross SCA value. All goodwill was admitted as of December 31, 2020 and 2019. Amortization of goodwill totaled $16 million for the years ended December 31, 2020, 2019 and 2018. No goodwill was impaired during these periods.

Federal Income Taxes

The Company utilizes the asset and liability method of accounting for income taxes. Under this method, deferred tax assets, net of any nonadmitted portion and statutory valuation allowance, and deferred tax liabilities, are recognized for the expected future tax consequences attributable to differences between the statutory financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income or loss in the years in which those temporary differences are expected to be recovered or settled. The change in deferred taxes, excluding the impact of taxes on unrealized capital gains or losses and nonadmitted deferred taxes, is charged directly to surplus.

The Company provides for federal income taxes based on amounts the Company believes it ultimately will owe. Inherent in the provision for federal income taxes are estimates regarding the deductibility of certain items and the realization of certain tax credits. In the event the ultimate deductibility of certain items or the realization of certain tax credits differs from estimates, the Company may be required to change the provision for federal income taxes recorded in the statutory financial statements, which could be significant.

Tax reserves are reviewed regularly and are adjusted as events occur that the Company believes impact its liability for additional taxes, such as lapsing of applicable statutes of limitations, conclusion of tax audits or substantial agreement with taxing authorities on the deductibility/nondeductibility of uncertain items, additional exposure based on current calculations, identification of new issues, release of administrative guidance or rendering of a court decision affecting a particular tax issue. The Company believes its tax reserves reasonably provide for potential assessments that may result from Internal Revenue Service (“IRS”) examinations and other tax-related matters for all open tax years.

The Company is included in the NMIC consolidated federal income tax return.

 

F-16

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

Reinsurance Ceded

The Company cedes insurance to other companies in order to limit potential losses and to diversify its exposures. Such agreements do not relieve the Company of its primary obligation to the policyholder in the event the reinsurer is unable to meet the obligations it has assumed. Reinsurance premiums ceded and reinsurance recoveries on benefits and claims incurred are deducted from the respective income and expense accounts. Assets and liabilities related to reinsurance ceded are reported in the statutory statements of admitted assets, liabilities, capital and surplus on a net basis within the related future policy benefits and claims of the Company.

Participating Business

Participating business, which refers to policies that participate in profits through policyholder dividends, represented approximately 4% of the Company’s life insurance in force in 2020 and 2019, and 50% of the number of life insurance policies in force in 2020 and 2019. The provision for policyholder dividends was based on the respective year’s dividend scales, as approved by the Board of Directors. Policyholder dividends are recognized when declared. No additional income was allocated to participating policyholders during 2020 and 2019.

Accounting Changes and Corrections of Errors

During 2020, the Company identified and corrected an error in the variable annuity ceded premium calculation under the intercompany 100% coinsurance agreement with Eagle. The error resulted in an understatement of ceded premiums for the years ended December 31, 2019 and 2018. In accordance with SSAP No. 3, Accounting Changes and Corrections of Errors, the total prior period correction of $9 million was reported in 2020 as a negative adjustment to unassigned funds (surplus) and consisted of $11 million of ceded premiums, offset by $2 million of taxes.

Effective January 1, 2020, the Company changed its reserve valuation basis for variable annuities due to changes to VM-21. As a result of this change, the Company records stochastic reserves, floored at the cash surrender value, instead of reserves using the standard scenario previously required under Actuarial Guideline XLIII “CARVM for Variable Annuities”. The impacts of the valuation basis change were recognized as of January 1, 2020, resulting in an increase to statutory capital and surplus of $78 million. In addition, the Company changed its reserve valuation basis for stable value wraps covering certain group life insurance policies from Separate Accounts Funding Guaranteed Minimum Benefits Under Group Contracts, to VM-21. There was no impact to statutory capital and surplus as a result of this change.

During 2020, the Company modified its approach used to schedule the reversals of its deferred tax assets for policyholder reserves under SSAP No. 101, Income Taxes (“SSAP No. 101”). Prior to 2020 the Company scheduled the reversals of its deferred tax assets for policyholder reserves by estimating the reserve reversal using the aggregate policyholder reserve. As of January 1, 2020, the Company is now taking a disaggregate approach and calculates reversal of the deferred tax assets for policyholder reserves on a product-by-product basis. The new method is more precise and better reflects how the deferred tax assets for policyholder reserves moves with the underlying reserve liability. SSAP No. 101 permits a company to modify its scheduling method so long as the modification is treated as change in accounting principle. The impact of the change increases the Company’s net admitted deferred tax asset $6 million and $5 million as of December 31, 2020 and January 1, 2020, respectively, with a commensurate increase in capital and surplus. There was no impact on net income.

Recently Adopted Accounting Standard

In December 2020, the Company adopted revisions to SSAP No. 2R, Cash, Cash Equivalents, Drafts and Short-Term Investments (“SSAP No. 2R”). The adopted revisions require internal cash pooling arrangements to meet certain criteria to be considered qualified cash pools, with investments in qualifying pools reported as cash equivalents on the statutory statements of admitted assets, liabilities, capital and surplus. The Company’s cash pool meets the criteria to be considered a qualified cash pool under SSAP No. 2R. The internal cash pooling arrangement with NCMC was historically classified as short-term investments, resulting in a change in classification to cash equivalents.

COVID-19

On March 11, 2020, the World Health Organization declared the novel coronavirus (“COVID-19”) a pandemic. The COVID-19 pandemic conditions create financial market volatility and uncertainty regarding whether and when certain customer behaviors will return to historical patterns, including sales of new and retention of existing policies, life insurance mortality and credit allowance exposure. Although impacting certain sales and revenues, none of the aforementioned items have had a material impact on the overall financial condition of the Company. The extent to which the COVID-19 pandemic may impact the Company’s ongoing operations and financial condition will depend on future developments that are evolving and uncertain.

 

F-17

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

Subsequent Events

The Company evaluated subsequent events through March 19, 2021, the date the statutory financial statements were issued.

The Department is in the process of implementing Ohio Administrative Code 3901-1-67, Alternative Derivative and Reserve Accounting Practices (“the Rule”). Once adopted and implemented, the Rule will constitute a prescribed practice as contemplated by the NAIC SAP. The prescribed practice is to allow Ohio-domiciled insurance companies to utilize certain alternative derivative and reserve accounting practices for eligible derivative instruments and indexed products, respectively, in order to better align the measurement of indexed product reserves and the derivatives that hedge them. Effective March 15, 2021, the Department allows Ohio-domiciled insurance companies the option to immediately utilize the alternative derivative and reserve accounting practices contemplated by the Rule. The Company plans to adopt the prescribed practice allowed under the Rule effective January 1, 2021. The Company continues to evaluate the impact of the adoption.

On March 9, 2021, the Company’s Board of Directors declared an ordinary dividend of up to $550 million payable to NFS on or around March 24, 2021.

 

F-18

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

(3)

Analysis of Actuarial Reserves and Deposit Liabilities by Withdrawal Characteristics

The following table summarizes the analysis of individual annuities actuarial reserves by withdrawal characteristics, as of the dates indicated:

 

                                                                                                                            
(in millions)    General
account		     Separate
account with
guarantees		      Separate
account non-
guaranteed		      Total     % of
Total		  

December 31, 2020

             

Subject to discretionary withdrawal:

             

With market value adjustment

    $ 190     $ 162      $ -      $ 352       0 % 

At book value less current surrender charge of 5% or more

      219       -        -        219       0 % 

At fair value

      -       -        65,990        65,990       92 % 

Total with market value adjustment or at fair value

    $ 409     $ 162      $ 65,990      $ 66,561       92 % 

At book value without adjustment (minimal or no charge or adjustment)

      3,480       -        8        3,488       5 % 

Not subject to discretionary withdrawal

      1,755       -        62        1,817       3 % 

Total, gross

    $ 5,644     $ 162      $ 66,060      $ 71,866       100 % 

Less: Reinsurance ceded

      (112 )      -        -        (112 )         

Total, net

    $ 5,532     $ 162      $ 66,060      $ 71,754          
Amount included in ‘Subject to discretionary withdrawal at book value less current surrender charge of 5% or more’ that will move to ‘Subject to discretionary withdrawal at book value without adjustment (minimal or no charge or adjustment)’    $ 67     $ -      $ -      $ 67          
            

December 31, 2019

                                           

Subject to discretionary withdrawal:

             

With market value adjustment

    $ 19     $ 181      $ 29      $ 229       0 % 

At book value less current surrender charge of 5% or more

      270       -        -        270       1 % 

At fair value

      -       -        61,535        61,535       91 % 

Total with market value adjustment or at fair value

    $ 289     $ 181      $ 61,564      $ 62,034       92 % 

At book value without adjustment (minimal or no charge or adjustment)

      3,587       -        11        3,598       5 % 

Not subject to discretionary withdrawal

      1,761       -        56        1,817       3 % 

Total, gross

    $ 5,637     $ 181      $ 61,631      $ 67,449       100 % 

Less: Reinsurance ceded

      (104 )      -        -        (104 )         

Total, net

    $ 5,533     $ 181      $ 61,631      $ 67,345          
Amount included in ‘Subject to discretionary withdrawal at book value less current surrender charge of 5% or more’ that will move to ‘Subject to discretionary withdrawal at book value without adjustment (minimal or no charge or adjustment)’    $ 128     $ -      $ -      $ 128          

 

F-19

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

The following table summarizes the analysis of group annuities actuarial reserves by withdrawal characteristics, as of the dates indicated:

 

                                                                                                                            
(in millions)    General
account		     Separate
account with
guarantees		      Separate
account non-
guaranteed		      Total     % of
Total		  

December 31, 2020

             

Subject to discretionary withdrawal:

             

With market value adjustment

    $ 17,393     $ 2,483      $ -      $ 19,876       43 % 

At book value less current surrender charge of 5% or more

      3       -        -        3       0 % 

At fair value

      -       -        19,670        19,670       43 % 

Total with market value adjustment or at fair value

    $ 17,396     $ 2,483      $ 19,670      $ 39,549       86 % 

At book value without adjustment (minimal or no charge or adjustment)

      6,000       -        -        6,000       13 % 

Not subject to discretionary withdrawal

      591       -        3        594       1 % 

Total, gross

    $ 23,987     $ 2,483      $ 19,673      $ 46,143       100 % 

Less: Reinsurance ceded

      (58 )      -        -        (58 )         

Total, net

    $ 23,929     $ 2,483      $ 19,673      $ 46,085          
Amount included in ‘Subject to discretionary withdrawal at book value less current surrender charge of 5% or more’ that will move to ‘Subject to discretionary withdrawal at book value without adjustment (minimal or no charge or adjustment)’    $ 3     $ -      $ -      $ 3          
                                            

December 31, 2019

             

Subject to discretionary withdrawal:

             

With market value adjustment

    $ 16,485     $ 2,166      $ -      $ 18,651       44 % 

At book value less current surrender charge of 5% or more

      1       -        -        1       0 % 

At fair value

      -       -        18,284        18,284       43 % 

Total with market value adjustment or at fair value

    $ 16,486     $ 2,166      $ 18,284      $ 36,936       87 % 

At book value without adjustment (minimal or no charge or adjustment)

      5,354       -        -        5,354       12 % 

Not subject to discretionary withdrawal

      584       2        -        586       1 % 

Total, gross

    $ 22,424     $ 2,168      $ 18,284      $ 42,876       100 % 

Less: Reinsurance ceded

      (60 )      -        -        (60 )         

Total, net

    $ 22,364     $ 2,168      $ 18,284      $ 42,816          
Amount included in ‘Subject to discretionary withdrawal at book value less current surrender charge of 5% or more’ that will move to ‘Subject to discretionary withdrawal at book value without adjustment (minimal or no charge or adjustment)’    $ 1     $ -      $ -      $ 1          

 

F-20

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

The following table summarizes the analysis of deposit-type contracts and other liabilities without life or disability contingencies by withdrawal characteristics, as of the dates indicated:

 

                                                                                                   
(in millions)    General
account		      Separate
account non-
guaranteed		      Total      % of
Total		  

December 31, 2020

            

Subject to discretionary withdrawal:

            

With market value adjustment

    $ 2      $ -      $ 2        0 % 

At fair value

      12        -        12        0 % 

Total with market value adjustment or at fair value

    $ 14      $ -      $ 14        0 % 

At book value without adjustment (minimal or no charge or adjustment)

      728        3        731        22 % 

Not subject to discretionary withdrawal

      2,540        13        2,553        78 % 

Total, gross

    $ 3,282      $ 16      $ 3,298        100 % 

Less: Reinsurance ceded

      -        -        -           

Total, net

    $ 3,282      $ 16      $ 3,298           
                                     

December 31, 2019

            
Subject to discretionary withdrawal:            

With market value adjustment

    $ 3      $ -      $ 3        0 % 

At fair value

      13        -        13        0 % 

Total with market value adjustment or at fair value

    $ 16      $ -      $ 16        0 % 

At book value without adjustment (minimal or no charge or adjustment)

      775        4        779        25 % 

Not subject to discretionary withdrawal

      2,331        12        2,343        75 % 

Total, gross

    $ 3,122      $ 16      $ 3,138        100 % 

Less: Reinsurance ceded

      -        -        -     

Total, net

    $ 3,122      $ 16      $ 3,138           

The following table is a reconciliation of total annuity actuarial reserves and deposit fund liabilities, as of the dates indicated:

 

                                                 
      December 31,  
(in millions)    2020      2019  

Life, accident and health annual statement:

      

Annuities, net (excluding supplemental contracts with life contingencies)

    $ 29,445      $ 27,880  

Supplemental contracts with life contingencies, net

      16        17  

Deposit-type contracts

      3,282        3,122  

Subtotal

    $ 32,743      $ 31,019  

Separate accounts annual statement:

      

Annuities, net (excluding supplemental contracts with life contingencies)

    $ 88,378      $ 82,264  

Other contract deposit funds

      16        16  

Subtotal

    $ 88,394      $ 82,280  

Total annuity actuarial reserves and deposit fund liabilities, net

    $ 121,137      $ 113,299  

 

F-21

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

The following table summarizes the analysis of life actuarial reserves by withdrawal characteristics, as of the dates indicated:

 

                                                                                                                 
      General account     Separate account - nonguaranteed1  
(in millions)    Account
value		     Cash
value		     Reserve     Account
value		      Cash
value		      Reserve  

December 31, 2020

               

Subject to discretionary withdrawal, surrender values or policy loans:

               

Term policies with cash value

    $ -     $ 11     $ 11     $ -      $ -      $ -  

Universal life

      2,585       2,600       2,764       -        -        -  

Universal life with secondary guarantees

      360       288       720       -        -        -  

Indexed universal life with secondary guarantees

      179       130       191       -        -        -  

Other permanent cash value life insurance

      -       1,300       2,607       -        -        -  

Variable life

      1,887       1,965       2,060       24,591        24,581        24,582  

Miscellaneous reserves

      -       -       -       -        -        9  

Subtotal

    $ 5,011     $ 6,294     $ 8,353     $ 24,591      $ 24,581      $ 24,591  

Not subject to discretionary withdrawal or no cash value:

               

Term policies without cash value

      -       -       275       -        -        -  

Accidental death benefits

      -       -       1       -        -        -  

Disability - active lives

      -       -       13       -        -        -  

Disability - disabled lives

      -       -       58       -        -        -  

Miscellaneous reserves

      -       -       30       -        -        -  

Total, gross

    $ 5,011     $ 6,294     $ 8,730     $ 24,591      $ 24,581      $ 24,591  

Less: reinsurance ceded

      (10 )      (10 )      (240 )      -        -        -  

Total, net

    $ 5,001     $ 6,284     $ 8,490     $ 24,591      $ 24,581      $ 24,591  
  1

In 2020, the classification of certain group life insurance policies was changed from separate accounts with guarantees to separate accounts nonguaranteed as a result of a change in the reserve valuation basis, as described in Note 2.

 

F-22

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

                                                                                                                 
      General account     Separate account -  nonguaranteed  
(in millions)    Account
value		     Cash
value		     Reserve     Account
value		      Cash
value		      Reserve  

December 31, 2019

               

Subject to discretionary withdrawal, surrender values or policy loans:

               

Term policies with cash value

    $ -     $ 11     $ 11     $ -      $ -      $ -  

Universal life

      2,549       2,561       2,728       -        -        -  

Universal life with secondary guarantees

      335       265       613       -        -        -  

Indexed universal life with secondary guarantees

      140       99       146       -        -        -  

Other permanent cash value life insurance

      -       1,328       2,676       -        -        -  

Variable life

      1,903       1,992       2,080       21,853        21,840        19,596  

Subtotal

    $ 4,927     $ 6,256     $ 8,254     $ 21,853      $ 21,840      $ 19,596  

Not subject to discretionary withdrawal or no cash value:

               

Term policies without cash value

      -       -       299       -        -        -  

Accidental death benefits

      -       -       1       -        -        -  

Disability - active lives

      -       -       12       -        -        -  

Disability - disabled lives

      -       -       57       -        -        -  

Miscellaneous reserves

      -       -       36       -        -        -  

Total, gross

    $ 4,927     $ 6,256     $ 8,659     $ 21,853      $ 21,840      $ 19,596  

Less: reinsurance ceded

      (10 )      (10 )      (272 )      -        -        -  

Total, net

    $ 4,917     $ 6,246     $ 8,387     $ 21,853      $ 21,840      $ 19,596  

The following table is a reconciliation of life actuarial reserves, as of the dates indicated:

 

                                                                   
      December 31,  
(in millions)    2020      2019  

Life, accident and health annual statement:

      

Life Insurance, net

    $ 8,400      $ 8,292  

Accidental death benefits, net

      1        1  

Disability - active lives, net

      12        10  

Disability - disabled lives, net

      51        52  

Miscellaneous reserves, net

      26        32  

Subtotal

    $ 8,490      $ 8,387  

Separate accounts annual statement:

      

Life insurance1

    $ 24,884      $ 22,138  

Miscellaneous reserves

      9        5  

Subtotal

    $ 24,893      $ 22,143  

Total life actuarial reserves, net

    $ 33,383      $ 30,530  
  1

In 2020, life insurance account value, cash value and reserve includes separate accounts with guarantees of $302 million for universal life. In 2019, life insurance account value, cash value and reserve includes separate accounts with guarantees of $297 million and $2.2 billion for universal life and variable life, respectively.

 

F-23

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

Direct Premium Written by Managing General Agents and Third Party Administrators

The following table summarizes direct premium written by managing general agents and third party administrators as of December 31, 2020:

 

(in millions)                                  
Managing general agent/ third party reserve    FEIN number      Exclusive
contract		   

Types of
business

written

   

Types of

authority

granted1

    Total Direct
Premium		  

Meridian Management Group, LLC

      22-3713596      Not Exclusive    Accident & health    U / P / B    $ 42  

RMTS - Manufacturers & Traders Trust Co.

      20-1049240      Not Exclusive    Accident & health    C / CA / B / P / U      26  

Fringe Insurance Benefits, Inc.

      74-2616364      Not Exclusive    Accident & health    B / P / U      41  

Star Line Group

      04-3499188      Not Exclusive    Accident & health    C / CA / B / P / U      7  

AccuRisk Solutions, LLC

      31-1777676      Not Exclusive    Accident & health    C / CA / B / P /U      90  

Merchants Benefit Administration, Inc.

      86-0875918      Exclusive    Accident & health    B / C / CA / P      14  

Roundstone Management, Ltd.

      27-0371422      Not Exclusive    Accident & health    C / CA / B / P / U      75  

Gilsbar, Inc.

      72-0519951      Not Exclusive    Accident & health    B / P / U      75  

Matrix

      01-0544915      Not Exclusive    Accident & health    C / CA / B / P / U      19  

IRC

      74-2824053      Not Exclusive    Accident & health    C / CA / B / P / U      28  

TMS RE Inc

      65-0644164      Not Exclusive    Accident & health    C / CA / B / P / U      70  

United Group Programs Inc.

      59-1896277      Not Exclusive    Accident & health    C / CA / B / P / U      9  

USMGU

      46-4619917      Not Exclusive    Accident & health    C / CA / B / P / U      1  

Total Direct Premiums Written and Produced

         $ 497  
  1

Authority code key includes: C– claims payment, CA– claims adjustment, B- binding authority, P-premium collection, U- underwriting.

 

F-24

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

(4)

Separate Accounts

The Company’s separate account statement includes assets legally insulated from the general account as of the dates indicated, attributed to the following product lines:

 

                                                                   
      December 31, 2020      December 31, 2019  
(in millions)   

Separate
account

assets
legally
insulated

     

Separate
account

assets

(not legally
insulated)

     

Separate
account

assets
legally
insulated

     

Separate
account

assets

(not legally
insulated)

  

Product / Transaction:

            

Individual annuities

    $ 71,875      $ -      $ 67,222      $ -  

Group annuities

      17,550        -        16,187        -  

Life insurance

      24,982        -        22,246        -  

Total

    $ 114,407      $ -      $ 105,655      $ -  

The following table summarizes amounts paid towards separate account guarantees by the general account and related risk charges paid by the separate account for the years ended:

 

(in millions)    Total paid toward
separate account
guarantees		     

Risk charges paid

to

general account

  
2020    $ 26      $ 631  
2019    $ 58      $ 612  
2018    $ 18      $ 594  
2017    $ 13      $ 559  
2016    $ 36      $ 507  

The Company does not engage in securities lending transactions within its separate accounts.

Most separate accounts held by the Company relate to individual and group variable annuity and variable universal life insurance contracts of a non-guaranteed return nature. The net investment experience of the separate accounts is credited directly to the contract holder and can be positive or negative. The individual variable annuity contracts generally provide an incidental death benefit of the greater of account value or premium paid (net of prior withdrawals). However, many individual variable annuity contracts also provide death benefits equal to (i) the most recent fifth-year anniversary account value, (ii) the highest account value on any previous anniversary, (iii) premiums paid increased 5% or certain combinations of these, all adjusted for prior withdrawals. The death benefit and cash value under the variable universal life policies may vary with the investment performance of the underlying investments in the separate accounts. The assets and liabilities of these separate accounts are carried at fair value and are non-guaranteed.

Certain other separate accounts offered by the Company contain groups of variable universal life policies wherein the assets supporting account values on the underlying policies reside in Private Placement Separate Accounts. They provide a quarterly interest rate based on a crediting formula that reflects the market value to book value ratio of the investments, investment portfolio yield and a specified duration.

Certain other separate accounts relate to a guaranteed term option, which provides a guaranteed interest rate that is paid over certain maturity durations ranging from three to ten years, so long as certain conditions are met. If amounts allocated to the guaranteed term option are distributed prior to the maturity period, a market value adjustment can be assessed. The assets and liabilities of these separate accounts are carried at fair value.

Another separate account offered by the Company contains a group of universal life policies wherein the assets supporting the account values on the underlying policies reside in a Private Placement Separate Account. It provides an annual interest rate guarantee, subject to a minimum guarantee of 3%. The interest rate declared each year reflects the anticipated investment experience of the account. The business has been included as a nonindexed guarantee less than or equal to 4%.

 

F-25

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

The following tables summarize the separate account reserves of the Company, as of the dates indicated:

 

                                                                                                                            
(in millions)    Indexed      Nonindexed
guarantee
less than or
equal to 4%		      Nonindexed
guarantee
more than
4%		      Nonguaranteed
separate
accounts		      Total  

December 31, 2020

               

Premiums, considerations or deposits

    $ -      $ 417      $ -      $ 5,392      $ 5,809  

Reserves

               

For accounts with assets at:

               

Fair value

    $ -      $ 2,480      $ 166      $ 110,340      $ 112,986  

Amortized cost

      -        302        -        -        302  

Total reserves

    $ -      $ 2,782      $ 166      $ 110,340      $ 113,288  

By withdrawal characteristics:

               

With market value adjustment

    $ -      $ 2,480      $ 166      $ -      $ 2,646  

At book value without market value adjustment and with current surrender charge of 5% or more

      -        -        -        -        -  

At fair value

      -        -        -        110,252        110,252  

At book value without market value adjustment and with current surrender charge less than 5%

      -        302        -        11        313  

Subtotal

    $ -      $ 2,782      $ 166      $ 110,263      $ 113,211  

Not subject to discretionary withdrawal

      -        -        -        77        77  

Total reserves1

    $ -      $ 2,782      $ 166      $ 110,340      $ 113,288  
  1

The total reserves balance does not equal the liabilities related to separate accounts of $114.4 billion in the statutory statements of admitted assets, liabilities, capital and surplus by $1.1 billion, due to an adjustment for CARVM/CRVM reserves and other liabilities that have not been allocated to the categories outlined above.

 

F-26

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

              Nonindexed      Nonindexed                  
            guarantee      guarantee      Nonguaranteed         
            less than or      more than      separate         
(in millions)    Indexed      equal to 4%      4%      accounts      Total  

December 31, 2019

               

Premiums, considerations or deposits

    $ -      $ 135      $ -      $ 6,007      $ 6,142    

Reserves

               

For accounts with assets at:

               

Fair value

    $ -      $ 2,202      $ 146      $ 99,612      $ 101,960    

Amortized cost

      -        2,463        -        -        2,463    

Total reserves

    $ -      $ 4,665      $ 146      $ 99,612      $ 104,423    

By withdrawal characteristics:

               

With market value adjustment

    $ -      $ 2,202      $ 146      $ 29      $ 2,377    

At book value without market value adjustment and with current surrender charge of 5% or more

      -        -        -        -        -    

At fair value

      -        -        -        99,499        99,499    

At book value without market value adjustment and with current surrender charge less than 5%

      -        2,463        -        13        2,476    

Subtotal

    $ -      $ 4,665      $ 146      $ 99,541      $ 104,352    

Not subject to discretionary withdrawal

      -        -        -        71        71    

Total reserves1

    $ -      $ 4,665      $ 146      $ 99,612      $ 104,423    

 

1

The total reserves balance does not equal the liabilities related to separate accounts of $105.7 billion in the statutory statements of admitted assets, liabilities, capital and surplus by $1.2 billion, due to an adjustment for CARVM/CRVM reserves and other liabilities that have not been allocated to the categories outlined above.

The following table is a reconciliation of net transfers to (from) separate accounts, as of the dates indicated:

 

                                                                          
              December 31,          
(in millions)    2020      2019      2018  

Transfers as reported in the statutory statements of operations of the separate accounts:

         

Transfers to separate accounts

    $ 5,809      $ 6,142      $ 6,392  

Transfers from separate accounts

      (8,921)        (9,470)        (8,461)  

Net transfers from separate accounts

    $ (3,112)      $ (3,328)      $ (2,069)  

Reconciling adjustments:

         

Exchange accounts offsetting in the general account

      (337)        (321)        (303)  

Fees not included in general account transfers

      (67)        (68)        (58)  

Other miscellaneous adjustments not included in the general account balance

      (28)        (30)        (38)  

Transfers as reported in the statutory statements of operations

    $ (3,544)      $ (3,747)      $ (2,468)  

 

F-27

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

(5)

Investments

Bonds and Stocks

The following table summarizes the carrying value, the excess of fair value over carrying value, the excess of carrying value over fair value and the fair value of bonds and stocks, as of the dates indicated:

 

                                                                                                   
(in millions)    Carrying
value		      Fair value in
excess of
carrying
value		      Carrying
value in
excess of fair
value		      Fair value  

December 31, 2020

            

Bonds:

            

U.S. Government

    $ 7      $ -      $ -      $ 7    

States, territories and possessions

      370        59        -        429    

Political subdivisions

      343        71        -        414    

Special revenues

      2,763        564        -        3,327    

Industrial and miscellaneous

      26,583        3,656        46        30,193    

Loan-backed and structured securities

      7,141        336        37        7,440    

Total bonds

    $ 37,207      $ 4,686      $ 83      $ 41,810    

Common stocks unaffiliated

    $ 142      $ -      $ -      $ 142    

Preferred stocks unaffiliated

      97        12        -        109    

Total unaffiliated stocks1

    $ 239      $ 12      $ -      $ 251    

Total bonds and unaffiliated stocks1

    $ 37,446      $ 4,698      $ 83      $ 42,061    
           

December 31, 2019

                                    

Bonds:

            

U.S. Government

    $ 7      $ -      $ -      $ 7    

States, territories and possessions

      398        42        1        439    

Political subdivisions

      344        52        1        395    

Special revenues

      2,702        370        5        3,067    

Industrial and miscellaneous

      26,240        2,012        65        28,187    

Loan-backed and structured securities

      5,433        238        31        5,640    

Total bonds

    $ 35,124      $ 2,714      $ 103      $ 37,735    

Common stocks unaffiliated

    $ 181      $ -      $ -      $ 181    

Preferred stocks unaffiliated

      55        4        -        59    

Total unaffiliated stocks1

    $ 236      $ 4      $ -      $ 240    

Total bonds and unaffiliated stocks1

    $ 35,360      $ 2,718      $ 103      $ 37,975    

 

1

Excludes affiliated common stocks with a carrying value of $2.6 billion and $2.4 billion as of December 31, 2020 and 2019, respectively. Affiliated common stocks includes investment in NLAIC and JNF of $2.4 billion and $180 million as of December 31, 2020, respectively, and $2.2 billion and $169 million as of December 31, 2019, respectively.

The carrying value of bonds on deposit with various states as required by law or special escrow agreement was $3 million as of December 31, 2020 and 2019.

 

F-28

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

The following table summarizes the carrying value and fair value of bonds, by contractual maturity, as of December 31, 2020. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without early redemption penalties:

 

(in millions)    Carrying value      Fair value  

Bonds:

      

Due in one year or less

    $ 1,314      $ 1,331  

Due after one year through five years

      7,925        8,441  

Due after five years through ten years

      9,450        10,557  

Due after ten years

      11,377        14,041  

Total bonds excluding loan-backed and structured securities

    $ 30,066      $ 34,370  

Loan-backed and structured securities

      7,141        7,440  

Total bonds

    $ 37,207      $ 41,810  

The following table summarizes the fair value and unrealized losses on bonds and stocks (amount by which cost or amortized cost exceeds fair value), for which other-than-temporary declines in value have not been recognized, based on the amount of time each type of bond or stock has been in an unrealized loss position, as of the dates indicated:

 

      Less than or equal to
one year		      More than one year      Total  
(in millions)   

Fair

value

     

Unrealized

losses

     

Fair

value

     

Unrealized

losses

     

Fair

value

     

Unrealized

losses

  

December 31, 2020

                  

Bonds:

                  

States, territories and possessions

    $ 1      $ -      $ -      $ -      $ 1      $ -    

Special revenues

      14        -        -        -        14        -    

Industrial and miscellaneous

      636        27        408        38        1,044        65    

Loan-backed and structured securities

      1,454        15        870        23        2,324        38    

Total bonds

    $ 2,105      $ 42      $ 1,278      $ 61      $ 3,383      $ 103    

Common stocks unaffiliated

      21        4        -        -        21        4    

Preferred stocks unaffiliated

      9        -        -        -        9        -    

Total bonds and stocks

    $ 2,135      $ 46      $ 1,278      $ 61      $ 3,413      $ 107    
                 

December 31, 2019

                                                      

Bonds:

                  

States, territories and possessions

    $ 23      $ 1      $ -      $ -      $ 23      $ 1    

Political subdivisions

      65        1        -        -        65        1    

Special revenues

      397        5        -        -        397        5    

Industrial and miscellaneous

      852        9        911        103        1,763        112    

Loan-backed and structured securities

      704        6        1,124        28        1,828        34    

Total bonds

    $ 2,041      $ 22      $ 2,035      $ 131      $ 4,076      $ 153    

Common stocks unaffiliated

      32        -        16        1        48        1    

Preferred stocks unaffiliated

      1        -        -        -        1        -    

Total bonds and stocks

    $ 2,074      $ 22      $ 2,051      $ 132      $ 4,125      $ 154    

As of December 31, 2020, management evaluated securities in an unrealized loss position and all non-marketable securities for impairment. As of the reporting date, the Company has the intent and ability to hold these securities until the fair value recovers, which may be maturity, and therefore, does not consider the securities to be other-than-temporarily impaired.

There was no intent to sell other-than-temporary impairments on loan-backed and structured securities for the years ended December 31, 2020 and 2019.

 

F-29

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

Mortgage Loans, Net of Allowance

The following table summarizes the amortized cost of mortgage loans by method of evaluation for credit loss, and the related valuation allowances by type of credit loss, as of the dates indicated:

 

                                                 
      December 31,  
(in millions)    2020      2019  

Amortized cost:

      

Loans with non-specific reserves

    $ 7,819      $ 7,675  

Loans with specific reserves

      12        14  

Total amortized cost

    $ 7,831      $ 7,689  

Valuation allowance:

      

Non-specific reserves

    $ 45      $ 31  

Specific reserves

      3        3  

Total valuation allowance1

    $ 48      $ 34  

Mortgage loans, net of allowance

    $ 7,783      $ 7,655  

 

  1

Changes in the valuation allowance are due to current period provisions. These changes in the valuation allowance for the years ended December 31, 2020, 2019, and 2018 were immaterial.

As of December 31, 2020 and 2019, the Company’s mortgage loans classified as delinquent and/or in non-accrual status were immaterial in relation to the total mortgage loan portfolio.

The following table summarizes the LTV ratio and DSC ratio of the mortgage loan portfolio as of the dates indicated:

 

      LTV ratio         DSC ratio
(in millions)    Less than
90%		   90% or
greater		   Total         Greater
than 1.00		   Less than or
equal to 1.00		   Total

December 31, 2020

                               

Apartment

      $     2,988     $ 25     $     3,013        $     2,993     $ 20     $     3,013   

Industrial

        1,026       -       1,026          1,005       21       1,026   

Office

        1,307       -       1,307          1,304       3       1,307   

Retail

        2,155       27       2,182          2,169       13       2,182   

Other

        218       -       218            218       -       218   

Total1

      $ 7,694     $ 52     $ 7,746          $ 7,689     $ 57     $ 7,746   

Weighted average DSC ratio

        2.21       1.52       2.20          2.21       0.91       2.20   

Weighted average LTV ratio

        57 %       98 %       57 %            57 %       65 %       57%  
                                                                   

December 31, 2019

                            

Apartment

      $ 2,906     $ 124     $ 3,030        $ 3,018     $ 12     $ 3,030   

Industrial

        906       -       906          905       1       906   

Office

        1,306       -       1,306          1,291       15       1,306   

Retail

        2,162       9       2,171          2,151       20       2,171   

Other

        205       -       205            205       -       205   

Total1

      $ 7,485     $ 133     $ 7,618          $ 7,570     $ 48     $ 7,618   

Weighted average DSC ratio

        2.13       1.19       2.11          2.12       0.90       2.11   

Weighted average LTV ratio

        54 %       95 %       54 %            54 %       72 %       54%  

 

  1

Excludes $85 million and $71 million of commercial mortgage loans that were under development as of December 31, 2020 and 2019, respectively.

As of December 31, 2020 and 2019, the Company has a diversified mortgage loan portfolio with no more than 24% and 23%, respectively, in a geographic region in the U.S. and no more than 1% with any one borrower. The maximum and minimum lending rates for mortgage loans originated or acquired during 2020 were 4.3% and 1.9%, respectively, and for those originated or acquired during 2019 were 12.0% and 3.1%, respectively. As of December 31, 2020 and 2019, the maximum LTV ratio of any one loan at the time of loan origination was 80% and 82%, respectively. As of December 31, 2020 and 2019, the Company did not hold mortgage loans with interest 90 days or more past due. Additionally, there were no taxes, assessments or any amounts advanced and not included in the mortgage loan portfolio.

 

F-30

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

Securities Lending

The fair value of loaned securities was $244 million and $306 million as of December 31, 2020 and 2019, respectively. The Company held $101 million and $132 million of cash collateral on securities lending as of December 31, 2020 and 2019, respectively. As of December 31, 2020, the carrying value and fair value of reinvested collateral assets was $101 million. As of December 31, 2019, the carrying value and fair value of reinvested collateral assets was $133 million. The fair value of bonds acquired with reinvested collateral assets was $103 million and $134 million as of December 31, 2020 and 2019, respectively. There are no securities lending transactions that extend beyond one year as of the reporting date. The Company received $148 million and $180 million of non-cash collateral on securities lending as of December 31, 2020 and 2019, respectively.

Net Investment Income

The following table summarizes net investment income by investment type, for the years ended:

 

      December 31,  
(in millions)    2020      2019      2018  

Bonds

    $ 1,419       $ 1,408       $ 1,378   

Mortgage loans

      339         353         335   

Other invested assets

      384         225         228   

Policy loans

              43                 45                 54   

Other

      41         51         41   

Gross investment income

    $ 2,226       $ 2,082       $ 2,036   

Investment expenses

      (119)        (108)        (109)  

Net investment income

    $ 2,107      $ 1,974       $ 1,927   

There was no investment income due and accrued that was nonadmitted as of December 31, 2020 and 2019.

Net Realized Capital Gains and Losses

The following table summarizes net realized capital gains and losses for the years ended:

 

      December 31,  
(in millions)    2020      2019      2018  

Gross gains on sales

    $         36       $ 71       $ 22   

Gross losses on sales

      (42)        (21)        (16)  

Net realized (losses) gains on sales

    $ (6)      $         50       $ 6   

Net realized derivative losses

      (521)        (515)        (226)  

Other-than-temporary impairments

      (78)        (5)        (8)  

Total net realized losses on sales

    $ (605)      $ (470)      $ (228)  

Tax (benefit) expense on net losses

      (26)        7                   8   

Net realized capital losses, net of tax

    $ (579)      $ (477)      $ (236)  

Less: Realized losses transferred to the IMR

      (4)        -         (1)  

Net realized capital losses, net of tax and transfers to the IMR

    $ (575)      $ (477)      $ (235)  

For the year ended December 31, 2020, gross realized gains and gross realized losses on sales of bonds were $26 million and $38 million, respectively. For the year ended December 31, 2019, gross realized gains and gross realized losses on sales of bonds were $56 million and $19 million, respectively. For the year ended December 31, 2018, gross realized gains and gross realized losses on sales of bonds were $15 million and $13 million, respectively.

The Company did not enter into any material repurchase transactions that would be considered wash sales during the years ended December 31, 2020 and 2019.

Investment Commitments

The Company had unfunded commitments related to its investment in limited partnerships and limited liability companies totaling $483 million and $496 million as of December 31, 2020 and 2019, respectively. As of December 31, 2020 and 2019, there were $21 million and $45 million of commitments to purchase private placement bonds and $114 million and $147 million of outstanding commitments to fund mortgage loans, respectively.

 

F-31

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

(6)

Derivative Instruments

The Company is exposed to certain risks related to its ongoing business operations which are managed using derivative instruments.

Interest rate risk management. In the normal course of business, the Company enters into transactions that expose it to interest rate risk arising from mismatches between assets and liabilities. The Company may use interest rate swaps and futures to reduce or alter interest rate exposure.

Interest rate contracts are used by the Company in association with fixed and variable rate investments to achieve cash flow streams that support certain financial obligations of the Company and to produce desired investment returns. As such, interest rate contracts are generally used to convert fixed rate cash flow streams to variable rate cash flow streams or vice versa.

Equity market risk management. The Company issues a variety of insurance products that expose it to equity risks. To mitigate these risks, the Company enters into a variety of derivatives including equity index futures and options.

Other risk management. As part of its regular investing activities, the Company may purchase foreign currency denominated investments. These investments and the associated income expose the Company to volatility associated with movements in foreign exchange rates. As foreign exchange rates change, the increase or decrease in the cash flows of the derivative instrument are intended to mitigate the changes in the functional-currency equivalent cash flows of the hedged item. To mitigate this risk, the Company uses cross-currency swaps.

Credit risk associated with derivatives transactions. The Company periodically evaluates the risks within the derivative portfolios due to credit exposure. When evaluating this risk, the Company considers several factors which include, but are not limited to, the counterparty credit risk associated with derivative receivables, the Company’s own credit as it relates to derivative payables, the collateral thresholds associated with each counterparty and changes in relevant market data in order to gain insight into the probability of default by the counterparty. The Company also considers the impact credit exposure could have on the effectiveness of the Company’s hedging relationships. As of December 31, 2020 and 2019, the impact of the exposure to credit risk on the fair value measurement of derivatives and the effectiveness of the Company’s hedging relationships was immaterial.

The following table summarizes the fair value, carrying value and related notional amounts of derivative instruments, as of the dates indicated:

 

(in millions)    Notional
amount		      Net Carrying
Value		      Fair value
asset		      Fair value
liability		      Average fair
value		  

December 31, 2020

               

Interest rate swaps

    $ 7      $ (1)      $ -      $ (1)      $ (1)  

Options

      -        -        -        -         -   

Cross currency swaps

      1,524        (36)        75        (49)        -   

Futures

      3,342        -        -                -                 -   

Total

    $     4,873      $ (37)      $ 75      $ (50)      $ (1)  
                                              

December 31, 2019

               

Interest rate swaps

    $ 7      $ (1)      $ -      $ (1)      $ -   

Options

      202        6        6        -         1   

Cross currency swaps

      1,537              66        99        (19)        1   

Futures

      3,153        -        -        -         -   

Total

    $ 4,899      $ 71      $     105      $ (20)      $ 2   

Of the $75 million and $105 million of fair value of derivative assets as of December 31, 2020 and 2019, $24 million and $14 million were subject to master netting agreements as of December 31, 2020 and 2019, the Company received $35 million and $68 million of cash collateral and $22 million and $45 million in pledged securities, respectively, resulting in an immaterial uncollateralized position as of December 31, 2020 and 2019. Of the $50 million and $20 million of fair value of derivative liabilities as of December 31, 2020 and 2019, $24 million and $14 million were subject to master netting agreements as of December 31, 2020 and 2019, the Company posted $28 million and $3 million of cash collateral, respectively, resulting in an immaterial uncollateralized position as of December 31, 2020 and 2019. Securities received as collateral are recorded off-balance sheet and exclude initial margin posted on derivatives of $280 million and $128 million as of December 31, 2020 and 2019, respectively.

 

F-32

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

The following table summarizes net gains and losses on derivatives programs by type of derivative instrument, as of the dates indicated:

 

      Net realized (losses) gains recorded in
operations		      Unrealized (losses) gains recorded in capital
and surplus		  
     December 31,      December 31,  
(in millions)    2020      2019      2018      2020      2019      2018  

Interest rate swaps

    $ -       $ -       $ (5)      $ -       $ -       $ 35    

Options

      -         3         (313)        (1)        4         244    

Cross currency swaps

      4         (1)        -         (102)        (13)        65    

Futures

      (525)        (517)        92         1         (169)        132    

Total

    $ (521)      $ (515)      $ (226)      $ (102)      $ (178)      $ 476    

 

(7)

Fair Value Measurements

The following table summarizes assets and liabilities held at fair value as of December 31, 2020:

 

                                                                                                                            
(in millions)    Level 1      Level 2      Level 3      Net Asset
Value (NAV)		      Total  

Assets

               

Bonds

    $ -      $ 4      $ 1      $ -      $ 5    

Common stocks unaffiliated

      53        88        1        -        142    

Separate account assets

      109,265        2,047        58        2,720        114,090    

Assets at fair value

    $ 109,318      $ 2,139      $   60      $ 2,720      $ 114,237    

Liabilities

               

Derivative liabilities

    $ -      $ 1      $ -      $ -      $ 1    

Liabilities at fair value

    $ -      $ 1      $ -      $ -      $ 1    

The following table presents the rollforward of Level 3 assets and liabilities held at fair value during the year ended December 31, 2020:

 

                                                                                                                            
(in millions)    Bonds     

Common

stocks
unaffiliated

      Derivative
assets1		      Separate
account
assets		     

Assets

at fair
value

  

Balance as of December 31, 2019

    $ 6       $ 1       $ 6       $ 87       $ 100   

Net gains (losses):

               

In operations

      (2)        -         -         -         (2)  

In surplus

          5         -         (1)        (17)        (13)  

Purchases

      2         -         -         -         2   

Sales

      (9)        -         (5)        (12)        (26)  

Transfers into Level 3

      1         -         -         -         1   

Transfers out of Level 3

      (2)        -         -         -         (2)  

Balance as of December 31, 2020

    $ 1       $ 1       $ -       $ 58       $ 60   
  1

Non-binding broker quotes are utilized to determine fair value of all Level 3 derivative assets.

Bonds transfers into and/or out of Level 3 during the year ended December 31, 2020 are due to the changes in observability of pricing inputs and changes resulting from application of the lower of amortized cost or fair value rules based on the security’s NAIC designation.

 

F-33

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

The following table summarizes assets and liabilities held at fair value as of December 31, 2019:

 

                                                                                                                            
(in millions)    Level 1      Level 2      Level 3      Net Asset
Value (NAV)		      Total  

Assets

               

Bonds

    $ -      $ 3      $ 6      $ -      $ 9    

Common stocks unaffiliated

      68        112        1        -        181    

Derivative assets

      -        -        6        -        6    

Separate account assets

      101,312        1,857        87        2,091        105,347    

Assets at fair value

    $ 101,380      $ 1,972      $ 100      $ 2,091      $ 105,543    

Liabilities

               

Derivative liabilities

    $ -      $ 1      $ -      $ -      $ 1    

Liabilities at fair value

    $ -      $ 1      $ -      $ -      $ 1    

The following table presents the rollforward of Level 3 assets and liabilities held at fair value during the year ended December 31, 2019:

 

(in millions)          Bonds           

Common

stocks
    unaffiliated    

          Derivative    
assets1		          Separate    
account
assets		     

Assets

    at fair value    

  

Balance as of December 31, 2018

    $ 8       $ 1      $ 2       $ 80       $ 91   

Net gains (losses):

               

In operations

      -         -        3         -         3   

In surplus

      (4)        -        4         7         7   

Purchases

      3         -        6         -         9   

Sales

      (5)        -        (9)        -         (14)  

Transfers into Level 3

      24         -        -         -         24   

Transfers out of Level 3

      (20)        -        -         -         (20)  

Balance as of December 31, 2019

    $ 6       $ 1      $ 6       $ 87         100   

 

  1

Non-binding broker quotes are utilized to determine fair value of all Level 3 derivative assets.

Bond transfers into and/or out of Level 3 during the year ended December 31, 2019 are due to the changes in observability of pricing inputs and changes resulting from application of the lower of amortized cost or fair value rules based on the security’s NAIC designation.

 

F-34

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

The following table summarizes the carrying value and fair value of the Company’s assets and liabilities not held at fair value as of the dates indicated. The valuation techniques used to estimate these fair values are described below or in Note 2.

 

                                                                                                                            
      Fair Value          
(in millions)    Level 1      Level 2      Level 3      Total fair
value		      Carrying
value		  

December 31, 2020

               

Assets:

               

Bonds1

    $ 1,366      $ 39,072      $ 1,367      $ 41,805      $ 37,202    

Preferred stocks unaffiliated

      -        104        5        109        97    

Mortgage loans, net of allowance

      -        -        7,952        7,952        7,783    

Policy loans

      -        -        888        888        888    

Derivative assets

      -        75        -        75        51    

Cash, cash equivalents and short-term investments

      (90 )       551        -        461        461    

Securities lending collateral assets

      101        -        -        101        101    

Separate account assets

      7        368        -        375        317    

Total assets

    $ 1,384      $ 40,170      $ 10,212      $ 51,766      $ 46,900    

Liabilities:

                      

Investment contracts

    $ -      $ -      $ 1,249      $ 1,249      $ 2,076    

Derivative liabilities

      -        48        -        48        86    

Total liabilities

    $ -      $ 48      $ 1,249      $ 1,297      $ 2,162    
                                               

December 31, 2019

               

Assets:

               

Bonds1

    $ 1,494      $ 35,302      $ 930      $ 37,726      $ 35,115    

Preferred stocks unaffiliated

      -        59        -        59        55    

Mortgage loans, net of allowance

      -        -        7,856        7,856        7,655    

Policy loans

      -        -        903        903        903    

Derivative assets

      -        99        -        99        88    

Short-term investments

      7        615        -        622        622    

Securities lending collateral assets

      132        -        -        132        132    

Separate account assets

      3        334        -        337        308    

Total assets

    $ 1,636      $ 36,409      $ 9,689      $ 47,734      $ 44,878    

Liabilities:

               

Investment contracts²

    $ -      $ -      $ 953      $ 953      $ 1,801    

Derivative liabilities

      -        19        -        19        22    

Total liabilities

    $ -      $ 19      $ 953      $ 972      $ 1,823    

 

  1

Level 3 is primarily composed of industrial and miscellaneous bonds.

  2

Prior period balances updated to conform to current period presentation.

Mortgage loans, net of allowance. The fair values of mortgage loans are estimated using discounted cash flow analyses based on interest rates currently being offered for similar loans to borrowers with similar credit ratings.

Policy loans. The carrying amount reported in the statutory statements of admitted assets, liabilities, capital and surplus approximates fair value as policy loans are fully collateralized by the cash surrender value of underlying insurance policies.

Securities lending collateral assets. These assets are comprised of bonds and short-term investments and the respective fair values are estimated based on the fair value methods described in Note 2.

 

F-35

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

Investment contracts. For investment contracts without defined maturities, fair value is the amount payable on demand, net of surrender charges. For investment contracts with known or determined maturities, fair value is estimated using discounted cash flow analysis. Interest rates used in this analysis are similar to currently offered contracts with maturities consistent with those remaining for the contracts being valued. The fair value of adjustable rate contracts approximates their carrying value.

 

(8)

Federal Income Taxes

The following tables summarize the net admitted deferred tax assets, as of the dates indicated:

 

                                                                          
      December 31, 2020  
(in millions)    Ordinary      Capital      Total  

Total gross deferred tax assets

    $ 770      $ 16      $ 786   

Statutory valuation allowance adjustment

      -        -        -   

Adjusted gross deferred tax assets

    $ 770      $ 16      $ 786   

Less: Deferred tax assets nonadmitted

      (41 )       -        (41)  

Net admitted deferred tax assets

    $ 729      $ 16      $ 745   

Less: Deferred tax liabilities

      (94 )       (9 )       (103)  

Net admitted deferred tax assets

    $ 635      $ 7      $ 642   
                            
     December 31, 2019  
(in millions)    Ordinary      Capital      Total  

Total gross deferred tax assets

    $ 730      $ 44      $ 774   

Statutory valuation allowance adjustment

      -        -        -   

Adjusted gross deferred tax assets

    $ 730      $ 44      $ 774   

Less: Deferred tax assets nonadmitted

      (13 )       (24 )       (37)  

Net admitted deferred tax assets

    $ 717      $ 20      $ 737   

Less: Deferred tax liabilities

      (134 )       (2 )       (136)  

Net admitted deferred tax assets

    $ 583      $ 18      $ 601   

The following table summarizes components of the change in deferred income taxes reported in capital and surplus before consideration of nonadmitted assets and changes from the prior year, as of the dates indicated:

 

                                                                          
      December 31,          
(in millions)    2020      2019      Change  

Adjusted gross deferred tax assets

    $ 786      $ 774      $ 12   

Total deferred tax liabilities

      (103 )       (136 )       33   

Net deferred tax assets

    $ 683      $ 638      $ 45   

Less: Tax effect of unrealized gains

                        3   

Change in deferred income tax

                      $ 42   

 

F-36

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

The following tables summarize components of the admitted deferred tax assets calculation, as of the dates indicated:

 

      December 31, 2020  
(in millions)    Ordinary      Capital      Total  

Federal income taxes recoverable through loss carryback

    $ -      $ 7      $ 7  

Adjusted gross deferred tax assets expected to be realized1

      633        2        635  

Adjusted gross deferred tax assets offset against existing gross deferred tax liabilities

      96        7        103  

Admitted deferred tax assets

    $ 729      $ 16      $       745  

 

      December 31, 2019  
(in millions)    Ordinary      Capital      Total  

Federal income taxes recoverable through loss carryback

    $ -      $ 6      $ 6  

Adjusted gross deferred tax assets expected to be realized1

      583        12        595  

Adjusted gross deferred tax assets offset against existing gross deferred tax liabilities

      134        2        136  

Admitted deferred tax assets

    $ 717      $ 20      $       737  
  1

Note that this amount is calculated as the lesser of the adjusted gross deferred tax assets expected to be realized following the balance sheet due date or the adjusted gross deferred tax assets allowed per the limitation threshold. For the years ended December 31, 2020 and 2019, the threshold limitation for adjusted capital and surplus was $1.3 billion and $1.2 billion, respectively.

The adjusted capital and surplus used to determine the recovery period and adjusted gross deferred tax assets allowed per the limitation threshold was $8.4 billion and $8.1 billion as of December 31, 2020 and 2019, respectively. The ratio percentage used to determine the recovery period and adjusted gross deferred tax assets allowed per the limitation threshold was 1,176% and 1,296% as of December 31, 2020 and 2019, respectively.

The following tables summarize the impact of tax planning strategies, as of the dates indicated:

 

      December 31, 2020  
      Ordinary     Capital     Total  

Adjusted gross deferred tax assets

      0.00 %      0.00 %      0.00 % 

Net admitted adjusted gross deferred tax assets

      32.64 %      0.00 %      32.64 % 

 

      December 31, 2019  
      Ordinary     Capital     Total  

Adjusted gross deferred tax assets

      0.00 %      0.00 %      0.00 % 

Net admitted adjusted gross deferred tax assets

      35.23 %      0.00 %      35.23 % 

The Company’s tax planning strategies included the use of affiliated reinsurance for the years ended December 31, 2020 and 2019.

There are no temporary differences for which deferred tax liabilities are not recognized for the years ended December 31, 2020 and 2019.

 

F-37

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

The following table summarizes the tax effects of temporary differences and the change from the prior year, for the years ended:

 

      December 31,          
(in millions)    2020      2019      Change  

Deferred tax assets

         

Ordinary:

         

Future policy benefits and claims

    $ 108      $ 108      $ -  

Investments

      116        88        28  

Deferred acquisition costs

      202        201        1  

Policyholders’ dividends accumulation

      5        5        -  

Compensation and benefits accrual

      10        10        -  

Tax credit carry-forward

      316        303        13  

Other

      13        15        (2 ) 

Subtotal

    $ 770      $ 730      $ 40  

Nonadmitted

      (41 )       (13 )       (28 ) 

Admitted ordinary deferred tax assets

    $ 729      $ 717      $ 12  

Capital:

         

Investments

      16        44        (28 ) 

Subtotal

    $ 16      $ 44      $ (28 ) 

Nonadmitted

      -        (24 )       24  

Admitted capital deferred tax assets

    $ 16      $ 20      $ (4 ) 

Admitted deferred tax assets

    $ 745      $ 737      $ 8  
        

Deferred tax liabilities

         

Ordinary:

         

Investments

    $ (2 )     $ (26 )     $ 24  

Deferred and uncollected premium

      (6 )       (6 )       -  

Future policy benefits and claims

      (57 )       (58 )       1  

Deferred acquisition costs

      (28 )       (43 )       15  

Other

      (1 )       (1 )       -  

Subtotal

    $ (94 )     $ (134 )     $ 40  

Capital:

         

Investments

      (9 )       (2 )       (7 ) 

Subtotal

    $ (9 )     $ (2 )     $ (7 ) 

Deferred tax liabilities

    $ (103 )     $ (136 )     $ 33  

Net deferred tax assets

    $         642      $         601      $           41  

In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some portion of the total deferred tax assets will not be realized. Valuation allowances are established when necessary to reduce the deferred tax assets to amounts expected to be realized. Based on the Company’s analysis, it is more likely than not that the results of future operations and the implementation of tax planning strategies will generate sufficient taxable income to enable the Company to realize all deferred tax assets. Therefore, no valuation allowances have been established as of December 31, 2020 and 2019.

 

F-38

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

The following table summarizes the Company’s income tax incurred and change in deferred income tax. The total income tax and change in deferred income tax differs from the amount obtained by applying the federal statutory rate to income (loss) before tax as follows, for the years ended:

 

      December 31,  
(in millions)    2020     2019     2018  

Current income tax (benefit) expense

    $ (22 )    $ (66 )    $ 73  

Change in deferred income tax (without tax on unrealized gains and losses)

      (41 )      29       (72 ) 

Total income tax (benefit) expense reported

    $ (63 )    $ (37 )    $ 1  
                          

Income before income and capital gains taxes

    $ 465     $ 563     $ 783  

Federal statutory tax rate

      21 %      21 %      21 % 

Expected income tax expense at statutory tax rate

    $ 98     $ 118     $ 164  

Decrease in actual tax reported resulting from:

       

Dividends received deduction

      (117 )      (101 )      (99 ) 

Change in tax reserves

      16       -       16  

Tax credits

      (48 )      (53 )      (51 ) 

Tax (benefit) expense related to the Tax Cuts and Jobs Act1

      -       -       (26 ) 

Loss carryback rate differential

      (10 )      -       -  

Other

      (2 )      (1 )      (3 ) 

Total income tax (benefit) expense reported

    $           (63 )    $           (37 )    $             1  
  1

Prior year amount represents the remeasurement of deferred tax assets revised after return filing as a result of the Tax Cuts and Jobs Act.

The Company incurred $6 million in federal income tax expense in 2019 which is available for recoupment in the event of future net losses.

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law and includes certain income tax provisions relevant to businesses. The Company is required to recognize the effect on the financial statements in the period the law was enacted. For year ended December 31, 2020, the CARES Act did not have a material impact on the Company’s financial statements.

The CARES Act amended the Tax Cuts and Jobs Act, to accelerate the ability of companies to fully recover AMT credits in 2020 versus 2021. The Company had $159 million of an income tax receivable that was previously AMT credit carryforwards as of December 31, 2019. In 2020, the Company received a refund of $158 million of its AMT credits.

The following table summarizes operating loss or tax credit carry-forwards available as of December 31, 2020:

 

(in millions)    Amount      Origination      Expiration  

Business credits

    $ 5        2011        2031  

Business credits

    $ 9        2012        2032  

Business credits

    $ 6        2013        2033  

Business credits

    $ 39        2014        2034  

Business credits

    $ 47        2015        2035  

Business credits

    $ 62        2016        2036  

Business credits

    $ 62        2017        2037  

Business credits

    $ 30        2018        2038  

Business credits

    $ 27        2019        2039  

Business credits

    $             29        2020        2040  

 

F-39

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

The Company is included in the NMIC consolidated federal income tax return which includes the following entities:

 

Nationwide Mutual Insurance Company

AGMC Reinsurance, Ltd

Allied Group, Inc.

Allied Holding (Delaware), Inc.

Allied Insurance Company of America

Allied Property & Casualty Insurance Company

Allied Texas Agency, Inc.

AMCO Insurance Company

American Marine Underwriters

Crestbrook Insurance Company

Depositors Insurance Company

DVM Insurance Agency, Inc.

Eagle Captive Reinsurance, LLC

Freedom Specialty Insurance Company

Harleysville Group Inc.

Harleysville Insurance Co. of New York

Harleysville Insurance Company

Harleysville Insurance Company of New Jersey

Harleysville Lake States Insurance Company

Harleysville Life Insurance Company

Harleysville Preferred Insurance Company

Harleysville Worcester Insurance Company

Jefferson National Financial Corporation

Jefferson National Securities Corporation

Lone Star General Agency, Inc.

National Casualty Company

Nationwide Advantage Mortgage Company

Nationwide Affinity Insurance Company of America

Nationwide Agent Risk Purchasing Group. Inc.

Nationwide Agribusiness Insurance Company

Nationwide Assurance Company

Nationwide Cash Management Company

   

Nationwide Corporation

Nationwide Financial Assignment Company

Nationwide Financial General Agency, Inc.

Nationwide Financial Services, Inc.

Nationwide General Insurance Company

Nationwide Global Holdings, Inc.

Nationwide Indemnity Company

Nationwide Insurance Company of America

Nationwide Insurance Company of Florida

Nationwide Investment Services Corporation

Nationwide Life and Annuity Ins. Company

Nationwide Life Insurance Company

Nationwide Lloyds

Nationwide Property & Casualty Ins. Company

Nationwide Retirement Solutions, Inc.

Nationwide Sales Solutions, Inc.

Nationwide Trust Company, FSB

NBS Insurance Agency, Inc.

NFS Distributors, Inc.

NWD Investment Management, Inc.

Registered Investment Advisors Services, Inc.

Scottsdale Indemnity Company

Scottsdale Insurance Company

Scottsdale Surplus Lines Insurance Company

THI Holdings (Delaware), Inc.

Titan Insurance Company

Titan Insurance Services, Inc.

Veterinary Pet Insurance Company

Victoria Fire & Casualty Company

Victoria National Insurance Company

Victoria Select Insurance Company

VPI Services, Inc.

The method of allocation among the companies is based upon separate return calculations with current benefit for tax losses and credits utilized in the consolidated return.

The Company did not have any protective tax deposits under Section 6603 of the Internal Revenue Code as of December 31, 2020 and 2019.

The Company does not have any tax loss contingencies for which it is reasonably possible that the total liability will significantly increase within twelve months of the reporting date.

 

F-40

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

(9)

Short-Term Debt and Federal Home Loan Bank Funding Agreement

Short-Term Debt

The following table summarizes the carrying value of short-term debt and weighted average annual interest rates, as of the dates indicated:

 

      December 31,  
(in millions)    2020      2019  

$750 million commercial paper program (0.00%)

    $ -      $ 200  

Accrued interest payable

      3        3  

Total short-term debt

    $             3      $         203  

The Company participates in a commercial paper program with a limit of $750 million. The rating agency guidelines recommend that the Company maintain minimum liquidity backup, which includes cash and liquid assets, as well as committed bank lines, equal to 50% of any amounts outstanding under the commercial paper program. The commercial paper will not be redeemed prior to maturity or be subject to voluntary prepayment. Proceeds from the sale of the commercial paper will be used to meet working capital requirements and for general corporate purposes, including the funding of acquisitions.

As of December 31, 2019, the Company had access to borrow up to $300 million from the FHLB to provide financing for operations that expired on March 22, 2020. In March 2020, the Company renewed the agreement with the FHLB until March 19, 2021. The Company had $4.3 billion and $4.0 billion in eligible collateral and no amounts outstanding under the agreement as of December 31, 2020 and 2019, respectively. In February 2021, the Company terminated this agreement and entered into a new agreement with the FHLB, which expires February 4, 2022, that allows the Company and NLAIC access to collectively borrow up to $1.1 billion in the aggregate, which would be collateralized by pledged securities.

The Company has entered into an agreement with its custodial bank to borrow against the cash collateral that is posted in connection with its securities lending program. The maximum amount available under the agreement is $350 million. The borrowing rate on this program is equal to one-month U.S. LIBOR. The Company had no amounts outstanding under this agreement as of December 31, 2020 and 2019.

The terms of certain debt instruments contain various restrictive covenants, including, but not limited to, minimum statutory surplus defined in the agreements. The Company was in compliance with all covenants as of December 31, 2020 and 2019.

The amount of interest paid on short-term debt was immaterial in 2020, 2019 and 2018.

Federal Home Loan Bank Funding Agreements

The Company is a member of the FHLB. Through its membership, the FHLB established the Company’s capacity for short-term borrowings and cash advances under the funding agreement program at up to 50% of total admitted assets.

The Company’s Board of Directors has authorized the issuance of funding agreements up to $4.0 billion to the FHLB, shared between the Company and NLAIC, in exchange for cash advances, which are collateralized by pledged securities. The Company uses these funds in an investment spread strategy, consistent with its other investment spread operations. As such, the Company applies SSAP No. 52, Deposit-Type Contracts, accounting treatment to these funds, consistent with its other deposit-type contracts. It is not part of the Company’s strategy to utilize these funds for operations, and any funds obtained from the FHLB for use in general operations would be accounted for consistent with SSAP No. 15, Debt and Holding Company Obligations, as borrowed money. Membership requires the Company to purchase and hold a minimum amount of FHLB capital stock plus additional stock based on outstanding advances. The Company has $30 million in membership stock as of December 31, 2020 and 2019. As part of the agreement, the Company purchased and held an additional $58 million and $53 million in activity stock as of December 31, 2020 and 2019, respectively, which is included in the general account in stocks on the statutory statements of admitted assets, liabilities, capital and surplus. The Company’s liability for advances from the FHLB was $2.1 billion and $1.8 billion as of December 31, 2020 and 2019, respectively, which is included in future policy benefits and claims on the statutory statements of admitted assets, liabilities, capital and surplus. The advances were collateralized by bonds and mortgage loans with carrying values of $2.4 billion (1.5% of total admitted assets) as of December 31, 2020 and $2.2 billion (1.4% of total admitted assets) as of December 31, 2019, which are included in the general account in bonds and mortgage loans on the statutory statements of admitted assets, liabilities, capital and surplus.

 

F-41

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

(10)

Surplus Notes

The following table summarizes the carrying value of surplus notes issued by the Company to NFS, as of the dates indicated:

 

(in millions)                                                       
Date issued    Interest
rate		     Par value      Carrying
value		      Interest and/
or principal
paid in
current year		      Total interest
and/ or
principal paid		      Unapproved
interest and/
or principal		      Date of
maturity		  

December 31, 2020

                    

12/19/2001

      7.50 %    $ 300      $ 300      $ 22      $ 428      $ -        12/31/2031  

6/27/2002

      8.15 %      300        300        25        448        -        6/27/2032  

12/23/2003

      6.75 %      100        100        7        112        -        12/23/2033  

12/20/2019

      4.21 %      400        400        17        17        -        12/19/2059  

Total

            $ 1,100      $ 1,100      $ 71      $ 1,005      $ -           
                                                               

December 31, 2019

                    

12/19/2001

      7.50 %    $ 300      $ 300      $ 23      $ 406      $ -        12/31/2031  

6/27/2002

      8.15 %      300        300        24        423        -        6/27/2032  

12/23/2003

      6.75 %      100        100        7        105        -        12/23/2033  

12/20/2019

      4.21 %      400        400        -        -        -        12/19/2059  

Total

            $         1,100      $         1,100      $             54      $           934      $                 -           

The surplus notes were issued in accordance with Section 3901.72 of the Ohio Revised Code. The principal and interest on these surplus notes shall not be a liability or claim against NLIC, or any of its assets, except as provided in Section 3901.72 of the Ohio Revised Code. The Department must approve interest and principal payments before they are paid.

 

(11)

Reinsurance

The Company has a 100% coinsurance agreement with funds withheld with Eagle to cede specified GMDB and GLWB obligations provided under substantially all of the variable annuity contracts issued and to be issued by NLIC. While the GMDB and GLWB contract riders are ceded by NLIC to Eagle, the base annuity contracts and any non-reinsured risks will be retained by NLIC.

Amounts ceded to Eagle during 2020, 2019 and 2018 included premiums of $627 million, $529 million and $506 million, respectively, benefits and claims, net of third party reinsurance recoveries of $23 million, $17 million, and $14 million respectively, net investment earnings on funds withheld assets of $49 million, $33 million and $20 million, respectively, and an expense allowance for third party reinsurance premiums of $1 million, $1 million and $1 million, respectively. As of December 31, 2020 and 2019, the carrying value of the funds withheld assets was $965 million and $795 million, respectively, which consists of bonds and short-term investments that had a carrying value of $856 million and $722 million, respectively, and mortgage loans that had a carrying value of $108 million and $73 million, respectively. As of December 31, 2020 and 2019, the Company’s reserve credit for guaranteed benefits ceded under the reinsurance agreement was $65 million and $275 million, respectively. Amounts payable to Eagle related to the reinsurance agreement were $402 million and $248 million as of as of December 31, 2020 and December 31, 2019, respectively.

The Company has a reinsurance agreement with NMIC whereby nearly all of the Company’s accident and health business not ceded to unaffiliated reinsurers is ceded to NMIC on a modified coinsurance basis. Either party may terminate the agreement on January 1 of any year with prior notice. Under a modified coinsurance agreement, the ceding company retains invested assets, and investment earnings are paid to the reinsurer. Under the terms of the Company’s agreement, the investment risk associated with changes in interest rates is borne by the reinsurer. Risk of asset default is retained by the Company, although a fee is paid to the Company for the retention of such risk. The ceding of risk does not discharge the Company, as the original insurer, from its primary obligation to the policyholder. Amounts ceded to NMIC include revenues of $281 million, $279 million and $257 million for the years ended December 31, 2020, 2019 and 2018, respectively, while benefits, claims and expenses ceded were $260 million, $273 million and $237 million, respectively.

 

F-42

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

The Company has an intercompany reinsurance agreement with NLAIC whereby certain inforce and subsequently issued fixed individual deferred annuity contracts are assumed on a modified coinsurance basis. Under modified coinsurance agreements, the ceding company retains invested assets and investment earnings are paid to the reinsurer. Under terms of the agreement, the Company bears the investment risk associated with changes in interest rates. Risk of asset default remains with NLAIC, and the Company pays a fee to NLAIC for the retention of such risk. The agreement will remain inforce until all contract obligations are settled. The ceding of risk does not discharge the original insurer from its primary obligation to the contractholder. Amounts assumed from NLAIC are included in the Company’s statutory statement of operations for 2020, 2019 and 2018 and include premiums of $12 million, $14 million and $14 million, respectively, net investment income of $46 million, $49 million and $58 million, respectively, and benefits, change in reserves and other expenses of $171 million, $251 million and $358 million, respectively. The reserve adjustment for 2020, 2019 and 2018 of $(172) million, $(246) million and $(352) million, respectively, represents changes in reserves related to this fixed block of business, offset by investment earnings on the underlying assets. Policy reserves assumed under this agreement totaled $1.1 billion and $1.2 billion as of December 31, 2020 and 2019, respectively, and amounts payable related to this agreement were $8 million and $0.4 million, respectively.

The Company has an intercompany reinsurance agreement with NLAIC whereby certain variable universal life insurance, whole life insurance and universal life insurance policies are assumed on a modified coinsurance basis. Total policy reserves under this treaty were $37 million and $39 million as of December 31, 2020 and 2019, respectively. Total premiums assumed under this treaty were $8 million, $11 million and $8 million during 2020, 2019 and 2018, respectively.

The Company has an intercompany reinsurance agreement with NLAIC whereby a certain life insurance contract is assumed on a 100% coinsurance basis. Policy reserves assumed under this agreement totaled $158 million and $157 million as of December 31, 2020 and 2019, respectively.

The Company has entered into reinsurance contracts to cede a portion of its individual annuity and life insurance business to unrelated reinsurers. Total reserve credits taken as of December 31, 2020 and 2019 were $420 million and $438 million, respectively. The three largest contracts are with Security Benefit Life Insurance Company (“SBL”), SCOR Global Life Americas Reinsurance (“SGLAR”), and Security Life of Denver Insurance Company (“SLD”) as of December 31, 2020. Total reserve credits taken on these contracts as of December 31, 2020 and 2019 totaled $100 million and $90 million for each year, from SBL, $44 million and $0, respectively, from SGLAR and $36 million and $41 million, respectively, from SLD. The ceding of risk does not relieve the Company, as the original insurer, from its primary obligation to the policyholder. Under the terms of the contracts, SBL has established a trust as collateral for the recoveries, whereby the trust assets are invested in investment grade securities, the fair value of which must at all times be greater or equal to 100% of the reinsured reserves.

 

F-43

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

(12)

Transactions with Affiliates

The Company has entered into significant, recurring transactions and agreements with NMIC, other affiliates and subsidiaries as a part of its ongoing operations. These include annuity and life insurance contracts, office space cost sharing arrangements, and agreements related to reinsurance, cost sharing, tax sharing, administrative services, marketing, intercompany loans, intercompany repurchases, cash management services and software licensing. In addition, several benefit plans sponsored by NMIC are available to Nationwide employees, for which the Company has no legal obligations. Measures used to determine the allocation among companies includes individual employee estimates of time spent, special cost studies, the number of full-time employees and other methods agreed to by the participating companies.

In addition, Nationwide Services Company, LLC (“NSC”), a subsidiary of NMIC, provides data processing, systems development, hardware and software support, telephone, mail and other services to the Company, based on specified rates for units of service consumed pursuant to the Enterprise Cost Sharing Agreement. For the years ended December 31, 2020, 2019 and 2018, the Company was allocated costs from NMIC and NSC totaling $281 million, $220 million and $235 million, respectively.

The Company has issued group annuity and life insurance contracts and performs administrative services for various employee benefit plans sponsored by NMIC or its affiliates. Total account values of these contracts were $3.7 billion, $3.5 billion and $3.4 billion as of December 31, 2020, 2019 and 2018, respectively. Total revenues from these contracts were $122 million, $120 million and $119 million for the years ended December 31, 2020, 2019 and 2018, respectively, and include policy charges, net investment income from investments backing the contracts and administrative fees. Total interest credited to the account balances were $115 million, $112 million and $107 million for the years ended December 31, 2020, 2019 and 2018, respectively.

The Company may underwrite insurance policies for its officers, directors, and/or other personnel providing services to the Company. The Company may offer discounts on certain products that are subject to applicable state insurance laws and approvals.

Under the Enterprise Cost Sharing Agreement, the Company has a cost sharing arrangement with NMIC to occupy office space. For the years ended December 31, 2020, 2019 and 2018, the Company was allocated costs from NMIC of $13 million, $11 million and $10 million, respectively.

The Company receives an annual fee payable from the Tax Credit Funds, for which it is a guarantor and Managing Member, for its services in connection with the oversight of the performance of the Investee Partnerships and the compliance by their managing members and managing agents thereof with the provisions of the various operating level agreements and applicable laws. The Company earned $2 million for the years ended December 31, 2020, 2019 and 2018.

Funds of Nationwide Funds Group (“NFG”), a group of Nationwide businesses that develops, sells and services mutual funds, are offered to the Company’s customers as investment options in certain of the Company’s products. As of December 31, 2020, 2019 and 2018, customer allocations to NFG funds totaled $69.2 billion, $66.8 billion and $60.7 billion, respectively. For the years ended December 31, 2020, 2019 and 2018, NFG paid the Company $229 million, $227 million and $227 million, respectively, for the distribution and servicing of these funds.

Amounts on deposit with NCMC for the benefit of the Company were $551 million and $616 million as of December 31, 2020 and 2019, respectively. As of December 31, 2020, amounts on deposit with NCMC were comprised of $547 million of cash equivalents, with remaining amounts in short-term investments.

Certain annuity products are sold through affiliated companies, which are also subsidiaries of NFS. Total commissions and fees paid to these affiliates for the years ended December 31, 2020, 2019 and 2018 was $69 million, $71 million and $72 million, respectively.

The Company provides financing to Nationwide Realty Investors, LTD, a subsidiary of NMIC with interest rates ranging from 3.3% to 5.0% and maturity dates ranging from January 2022 to June 2041. As of December 31, 2020 and 2019, the Company had mortgage loans outstanding of $414 million and $348 million, respectively.

The Company also participates in intercompany repurchase agreements with affiliates whereby the seller transfers securities to the buyer at a stated value. Upon demand or after a stated period, the seller repurchases the securities from the buyer at the original sales price plus interest. As of December 31, 2020 and 2019, the Company had no outstanding borrowings from affiliated entities under such agreements. During 2020 and 2019, there was no outstanding borrowings from affiliated entities at any given time. The amount the Company incurred for interest expense on intercompany repurchase agreements during 2020, 2019 and 2018 were immaterial.

During 2020, 2019 and 2018, the Company received capital contributions of $0, $600 million and $435 million, respectively, from NFS.

 

F-44

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

During 2020, the Company sold securities of $59 million to Nationwide Mutual Fire Insurance Company for cash, which resulted in a realized loss of $2 million.

During 2020, 2019 and 2018, the Company paid capital contributions of $500 million, $400 million and $565 million, respectively, to NLAIC.

On February 11, 2020, the Company entered into an unsecured promissory note and revolving line of credit with JNLNY whereby JNLNY can borrow up to $5 million. As of December 31, 2020, no amounts were drawn on the note.

On November 21, 2019, NFS and the Company entered into a promissory note, where the Company borrowed $386 million from NFS at 1-month LIBOR plus 0.785%. This note was fully repaid on December 20, 2019.

During 2018, NLAIC borrowed $340 million from the Company at interest rates ranging from 3-month LIBOR plus 0.785% to 3.57% with maturity dates ranging from January 16, 2019 to March 21, 2019. During 2019, NLAIC made payments of principal and interest and, as of March 21, 2019, the promissory notes were repaid in full.

Pursuant to financial support agreements, the Company has agreed to provide NLAIC and JNLIC with the minimum capital and surplus required by each state in which NLAIC and JNLIC does business. These agreements do not constitute the Company as guarantor of any obligation or indebtedness of NLAIC or JNLIC or provide any creditor of NLAIC or JNLIC with recourse to or against any of the assets of the Company.

Eagle’s surplus position is evaluated quarterly to determine if an additional surplus contribution is required from the Company or if a distribution to the Company can be declared as of each quarter end.

During 2020 and 2019, the Company made surplus contributions to Eagle. On March 31, 2020 and April 17, 2020, the Company made surplus contributions to Eagle of $555 million and $50 million, respectively. On October 17, 2019, the Company made a surplus contribution to Eagle of $9 million.

During 2020 and 2019 Eagle declared distributions to the Company based on their earned surplus position. On February 10, 2021, the Company received a dividend distribution of $292 million from Eagle that was declared on December 31, 2020. The dividend receivable was recorded in accrued investment income on the December 31, 2020 statutory statement of admitted assets, liabilities, capital and surplus. On November 10, 2020 the Company received a total distribution of $267 million from Eagle that was declared on September 30, 2020 and consisted of a return of contributed surplus of $184 million and a dividend of $83 million. On August 10, 2020 the Company received a return of contributed surplus distribution of $421 million from Eagle that was declared on June 30, 2020. On February 10, 2020, the Company received a total distribution of $180 million from Eagle that was declared on December 31, 2019 and consisted of a return of contributed surplus of $9 million and a dividend of $171 million. The return of contributed surplus was recorded in other assets and the dividend receivable was recorded in accrued investment income on the December 31, 2019 statutory statement of admitted assets, liabilities, capital and surplus. On August 9, 2019, the Company received a dividend distribution of $41 million from Eagle that was declared on June 28, 2019. On May 10, 2019, the Company received a total distribution of $212 million from Eagle that was declared on March 26, 2019 and consisted of a return of contributed surplus of $190 million and a dividend of $22 million.

The Company utilizes the look-through approach in valuing its investment in Nationwide Real Estate Investors (NLIC), LLC (“NW REI (NLIC)”), a subsidiary of NMIC, at $90 million and $69 million as of December 31, 2020 and 2019, respectively. NW REI (NLIC)’s financial statements are not audited and the Company has limited the value of its investment in NW REI (NLIC) to the value contained in the audited statutory financial statements of the underlying investments. All liabilities, commitments, contingencies, guarantees or obligations of the NW REI (NLIC), which are required under applicable accounting guidance, are reflected in the Company’s determination of the carrying value of the investment in NW REI (NLIC), if not already recorded in the financial statements of NW REI (NLIC).

(13) Contingencies

Legal and Regulatory Matters

The Company is subject to legal and regulatory proceedings in the ordinary course of its business. These include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope, and many uncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Company’s financial condition.

 

F-45

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements

 

 

 

The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the IRS, the Office of the Comptroller of the Currency and state insurance authorities. Such regulatory entities may, in the normal course of business, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or its affiliates, the Company is cooperating with regulators.

Guarantees

In accordance with SSAP No. 5R, Liabilities, Contingencies and Impairments of Assets, for all guarantees made to or on behalf of wholly-owned subsidiaries, no initial liability recognition has been made and there is no net financial statement impact related to these guarantees.

The contractual obligations under NLAIC’s single premium deferred annuity (“SPDA”) contracts in force and issued before September 1, 1988 are guaranteed by the Company. Total SPDA contracts affected by this guarantee in force as of December 31, 2020 and 2019 were approximately $8 million and $9 million, respectively.

The Company has guaranteed the obligations and liabilities of NISC, including, without limitation, the full and prompt payment of all accounts payable to any party now or in the future. If for any reason NISC fails to satisfy any of its obligations, the Company will cause such obligation, loss or liability to be fully satisfied.

Indemnifications

In the normal course of business, the Company provides standard indemnifications to contractual counterparties. The types of indemnifications typically provided include breaches of representations and warranties, taxes and certain other liabilities, such as third-party lawsuits. The indemnification clauses are often standard contractual terms and are entered into in the normal course of business based on an assessment that the risk of loss would be remote. The terms of the indemnifications vary in duration and nature. In many cases, the maximum obligation is not explicitly stated, and the contingencies triggering the obligation to indemnify have not occurred and are not expected to occur. Consequently, the amount of the obligation under such indemnifications is not determinable. Historically, the Company has not made any material payments pursuant to these obligations.

 

(14)

Regulatory Risk-Based Capital, Dividend Restrictions and Unassigned Surplus

The NAIC Risk-Based Capital (“RBC”) model law requires every insurer to calculate its total adjusted capital and RBC requirement to ensure insurer solvency. Regulatory guidelines provide for an insurance commissioner to intervene if the insurer experiences financial difficulty, as evidenced by a company’s total adjusted capital falling below established relationships to required RBC. The model includes components for asset risk, liability risk, interest rate exposure and other factors. The State of Ohio, where the Company is domiciled, imposes minimum RBC requirements that are developed by the NAIC. The formulas in the model for determining the amount of RBC specify various weighting factors that are applied to financial balances or various levels of activity based on the perceived degree of risk. Regulatory compliance is determined by a ratio of total adjusted capital to authorized control level RBC, as defined by the NAIC. Companies below specific trigger points or ratios are classified within certain levels, all of which require specified corrective action. The Company exceeded the minimum RBC requirements for all periods presented.

The State of Ohio insurance laws require insurers to seek prior regulatory approval to pay a dividend or distribution of cash or other property if the fair market value thereof, together with that of other dividends or distributions made in the preceding twelve months, exceeds the greater of (i) 10% of statutory-basis capital and surplus as of the prior December 31 or (ii) the statutory-basis net income of the insurer for the prior year. During the years ended December 31, 2020, 2019 and 2018, the Company did not pay any dividends to NFS. The Company’s statutory capital and surplus as of December 31, 2020, was $9.1 billion and statutory net income for 2020 was $487 million. As of January 1, 2021, the Company has the ability to pay dividends to NFS totaling $911 million without obtaining prior approval.

The State of Ohio insurance laws also require insurers to seek prior regulatory approval for any dividend paid from other than earned capital and surplus. Earned capital and surplus is defined under the State of Ohio insurance laws as the amount equal to the Company’s unassigned funds as set forth in its most recent statutory financial statements, including net unrealized capital gains and losses or revaluation of assets. Additionally, following any dividend, an insurer’s policyholder capital and surplus must be reasonable in relation to the insurer’s outstanding liabilities and adequate for its financial needs. The payment of dividends by the Company may also be subject to restrictions set forth in the insurance laws of the State of New York that limit the amount of statutory profits on the Company’s participating policies (measured before dividends to policyholders) available for the benefit of the Company and its stockholders.

The Company currently does not expect such regulatory requirements to impair the ability to pay operating expenses and dividends in the future.

 

F-46

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

 

 

 

Schedule I     Summary of Investments – Other Than Investments in Related Parties

As of December 31, 2020:

 

(in millions)    Column A    Column B      Column C      Column D  
      Type of investment    Cost      Fair value     

Amount at which

is

shown in the
statutory
statements of
admitted

assets, liabilities,

capital

and surplus

  

Bonds:

         

U.S. Treasury securities and obligations of U.S. government corporations

    $ 2      $ 2      $ 2  

U.S. government and agencies

      120        150        120  

Obligations of states and political subdivisions

      3,323        3,988        3,323  

Foreign governments

      63        71        63  

Public utilities

      3,784        4,280        3,790  

All other corporate, mortgage-backed and asset-backed securities

      29,876        33,319        29,909  

Total fixed maturity securities

    $ 37,168      $             41,810      $ 37,207  

Equity securities:

         

Common Stocks:

         

Banks, trust and insurance companies

      30        33        33  

Industrial, miscellaneous and all other

      113        109        109  

Nonredeemable preferred stocks

      97        109        97  

Total equity securities1

    $ 240      $ 251      $ 239  

Mortgage loans2

      7,831           7,783  

Short-term investments

      461           461  

Policy loans

      888           888  

Other long-term investments3

      950                 950  

Total invested assets

    $             47,538               $ 47,528  
1

Amount does not agree to the statutory statements of admitted assets, liabilities, capital and surplus as investments in related parties of $2.6 billion are excluded.

2

Difference from Column B is attributable to valuation allowances on mortgage loans (see Note 5 to the audited statutory financial statements).

3

Includes derivatives, securities lending reinvested collateral assets and other invested assets. Amount does not agree to the statutory statements of admitted assets, liabilities, capital and surplus as investments in related parties of $157 million are excluded.

See accompanying notes to statutory financial statements and report of independent registered public accounting firm.

 

F-47

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

 

 

 

Schedule III    Supplementary Insurance Information

As of December 31, 2020, 2019 and 2018 and for each of the years then ended (in millions):

 

Column A    Column B      Column C      Column D      Column E      Column F  
Year: Segment    Deferred policy
acquisition
costs1		     

Future

policy

benefits,
losses,
claims and

loss
expenses

      Unearned
premiums2		     

Other policy
claims

and benefits
payable2

      Premium
revenue		  

2020

               

Life Insurance

       $ 5,204            $ 394  

Annuities

         7,837              3,443  

Retirement Solutions

         22,362              5,939  

Corporate Solutions and Other

         5,599              861  

 

      

 

 

           

 

 

  

Total

         $41,002              $10,637  

2019

               

Life Insurance

       $ 5,125            $ 413  

Annuities

         7,955              4,202  

Retirement Solutions

         20,781              4,324  

Corporate Solutions and Other

         5,278              1,229  

 

      

 

 

           

 

 

  

Total

       $ 39,139            $ 10,168  

 

      

 

 

           

 

 

  

2018

               

Life Insurance

       $ 5,087            $ 410  

Annuities

         7,934              3,868  

Retirement Solutions

         19,646              4,095  

Corporate Solutions and Other

         5,670              1,456  

 

      

 

 

           

 

 

  

Total

       $ 38,337            $ 9,829  

 

      

 

 

           

 

 

  

 

Column A    Column G      Column H      Column I      Column J      Column K  
Year: Segment    Net
investment
income3		      Benefits,
claims,
losses and
settlement
expenses4		      Amortization of
deferred policy
acquisition costs1		      Other
operating
expenses		      Premiums
written		  

2020

               

Life Insurance

    $ 247      $ 772         $ 123     

Annuities

      338        7,539           55     

Retirement Solutions

      843        8,258           131     

Corporate Solutions and Other

      679        717           135     

 

        

 

 

     

Total

    $ 2,107      $ 17,286         $ 444     

 

        

 

 

     

2019

               

Life Insurance

    $ 262      $ 807         $ 133     

Annuities

      319        8,460           57     

Retirement Solutions

      824        6,539           122     

Corporate Solutions and Other

      569        1,151           105     

 

        

 

 

     

Total

    $ 1,974      $ 16,957         $ 417     

 

        

 

 

     

2018

               

Life Insurance

    $ 270      $ 744         $ 154     

Annuities

      319        8,203           48     

Retirement Solutions

      798        5,656           132     

Corporate Solutions and Other

      540        764           64     

 

        

 

 

     

Total

    $ 1,927      $ 15,367         $ 398     

 

        

 

 

     
1

Deferred policy acquisition costs and amortization of deferred policy acquisition costs are not applicable for statutory basis of accounting.

2

Unearned premiums and other policy claims and benefits payable are included in Column C amounts.

3

Allocations of net investment income and certain operating expenses are based on numerous assumptions and estimates and reported segment operating results would change if different methods were applied.

4

Benefits to policyholders and beneficiaries, reserves for future policy benefits and claims and commissions are included in Column H amounts.

See accompanying notes to statutory financial statements and report of independent registered public accounting firm.

 

F-48

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

 

 

 

Schedule IV     Reinsurance

As of December 31, 2020, 2019 and 2018 and each of the years then ended:

 

(in millions)                               
Column A    Column B      Column C     Column D      Column E  
            Ceded to     Assumed         
     Gross      other     from other      Net  
      amount      companies     companies      amount  

2020

           

Life insurance in force

    $ 146,855      $ (31,055 )    $ 686      $ 116,486  

Premiums:

           

Life Insurance1

    $ 1,378      $ (133 )    $ 8      $ 1,253  

Accident and health insurance

      441        (440 )      -        1  

Total

    $ 1,819      $ (573 )    $ 8      $ 1,254  
                                    

2019

           

Life insurance in force

    $ 146,044      $ (31,691 )    $ 728      $ 115,081  

Premiums:

           

Life Insurance1

    $ 1,761      $ (661 )    $ 10      $ 1,110  

Accident and health insurance

      444        (445 )      2        1  

Total

    $ 2,205      $ (1,106 )    $ 12      $ 1,111  
                                    

2018

           

Life insurance in force

    $ 141,650      $ (32,380 )    $ 788      $ 110,058  

Premiums:

           

Life Insurance1

    $ 1,985      $ (130 )    $ 8      $ 1,863  

Accident and health insurance

      289        (373 )      85        1  

Total

    $ 2,274      $ (503 )    $ 93      $ 1,864  
1

Primarily represents premiums from traditional life insurance and life-contingent immediate annuities and excludes deposits on investment and universal life insurance products.

See accompanying notes to statutory financial statements and report of independent registered public accounting firm.

 

F-49

NATIONWIDE LIFE INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

 

 

 

Schedule V     Valuation and Qualifying Accounts

Years ended December 31, 2020, 2019 and 2018:

 

(in millions)                                
Column A    Column B      Column C      Column D      Column E  
     Balance at      Charged to             Balance at  
     beginning      costs and             end of  
Description    of period      expenses      Deductions1      period  

2020

            

Valuation allowances - mortgage loans

    $ 34      $ 14      $ -      $ 48  
                                     

2019

            

Valuation allowances - mortgage loans

    $ 25      $ 9      $ -      $ 34  
                                     

2018

                                    

Valuation allowances - mortgage loans

    $ 23      $ 2      $ -      $ 25  
1

Amounts generally represent recoveries, payoffs and sales.

See accompanying notes to statutory financial statements and report of independent registered public accounting firm.

 

F-50

PART C. OTHER INFORMATION
Item 24. Financial Statements and Exhibits
A) Financial Statements
1) Nationwide Variable Account-II:
  Report of Independent Registered Public Accounting Firm.
  Statements of Assets, Liabilities and Contract Owners’ Equity as of December 31, 2020.
  Statements of Operations for the year ended December 31, 2020.
  Statements of Changes in Contract Owners’ Equity for the years ended December 31, 2020 and 2019.
  Notes to Financial Statements.
2) Nationwide Life Insurance Company:
  Independent Auditors’ Report.
  Statutory Statements of Admitted Assets, Liabilities, Capital and Surplus as of December 31, 2020 and 2019.
  Statutory Statements of Operations for the years ended December 31, 2020, 2019 and 2018.
  Statutory Statements of Changes in Capital and Surplus for the years ended December 31, 2020, 2019 and 2018.
  Statutory Statements of Cash Flow for the years ended December 31, 2020, 2019 and 2018.
  Notes to Statutory Financial Statements.
B) Exhibits
a) Form of One-Year Enhanced Death Benefit Option – Filed previously on February 1, 2016 with Post-Effective Amendment No. 21 to the registration statement (File No. 333-177731) and hereby incorporated by reference.
b) Form of Liquidity Option – Filed previously on February 1, 2016 with Post-Effective Amendment No. 21 to the registration statement (File No. 333-177731) and hereby incorporated by reference.
c) Form of Nationwide Lifetime Income Track SM Guaranteed Lifetime Withdrawal Benefit ("GLWB") Option – Filed previously on February 1, 2016 with Post-Effective Amendment No. 21 to the registration statement (File No. 333-177731) and hereby incorporated by reference.
d) Form of Nationwide Lifetime Income Rider® ("Nationwide L.inc" Option) Guaranteed Lifetime Withdrawal Benefit ("GLWB") Option – Filed previously on February 1, 2016 with Post-Effective Amendment No. 21 to the registration statement (File No. 333-177731) and hereby incorporated by reference.
e) Form of Nationwide Lifetime Income CaptureSM Guaranteed Lifetime Withdrawal Benefit ("GLWB") Option – Filed previously on February 1, 2016 with Post-Effective Amendment No. 21 to the registration statement (File No. 333-177731) and hereby incorporated by reference.

 

7) Not Applicable.
8) Form of Participation Agreements –
The following fund participation agreements were previously filed and are hereby incorporated by reference.
1) Fund Participation Agreement with AIM Variable Insurance Funds, AIM Advisors, Inc., and AIM Distributors dated January 6, 2003 with the registration statement under 333-140608, pre-effective amendment number 1 filed on July 17, 2007 as document aimfpa99h1.htm
2) Fund Participation Agreement with Fred Alger Management, Inc., Fred Alger & Company, Incorporated dated October 1, 2004 with the registration statement under 333-164118, post-effective amendment number 3 filed on April 26, 2011 as document algeramericanpfa.htm
3) Fund Participation Agreement (Amended and Restated) with Alliance Capital Management L.P. and Alliance-Bernstein Investment Research and Management, Inc. dated June 1, 2003 with the registration statement under 333-137202, pre-effective amendment number 3 filed on September 27, 2007 as document alliancebernsteinfpa.htm
4) Fund Participation Agreement with ALPS Variable Investment Trust and ALPS Portfolio Solutions Distributor, Inc. dated October 10, 2013 with the registration statement under 333-135650, post-effective amendment number 12 filed on October 15, 2013 as document d612202dex99826.htm
5) Amended and Restated Fund Participation and Shareholder Services Agreement with American Century Investment Services, Inc., as amended, dated September 15, 2004 with the registration statement under 333-140608, pre-effective amendment number 1 filed on July 17, 2007 as document amcentfpa99h2.htm
6) Fund Participation Agreement with American Funds Insurance Series and Capital Research and Management Company dated July 20, 2005 with the registration statement under 333-137202, pre-effective amendment number 3 filed on September 27, 2007 as document americanfundsfpa.htm
7) Fund Participation Agreement with BlackRock (formerly FAM Distributors, Inc. and FAM Variable Series Funds, Inc.), as amended, dated April 13, 2004 with the registration statement under 333-137202, pre-effective amendment number 3 filed on September 27, 2007 as document blackrockfpa.htm
8) Fund Participation Agreement with Columbia Management Investment Advisers, LLC and Columbia Management Investment Distributors, Inc. dated December 7, 2015 with the registration statement under 333-103095, post-effective amendment number 39 filed on April 13, 2017 as document columbiafpa.htm
9) Fund Participation Agreement with Delaware Management Company and Delaware Distributors, L.P., as amended, dated February 5, 2008 with the registration statement under 333-43671, post-effective amendment number 43 filed on April 12, 2011 as document delawarefpa.htm
10) Restated and Amended Fund Participation Agreement with The Dreyfus Corporation, as amended, dated January 27, 2000 with the registration statement under 333-140608, pre-effective amendment number 1 filed on July 17, 2007 as document dreyfusfpa99h3.htm
11) Fund Participation Agreement with Eaton Vance Variable Trust and Eaton Vance Distributors, Inc. dated March 24, 2011 with the registration statement under 333-43671, post-effective amendment number 43 filed on April 12, 2011 as document eatonvancefpa.htm

 

12) Fund Participation Agreement with Federated Insurance Series and Federated Securities Corp., as amended, dated April 1, 2006 with the registration statement under 333-140608, pre-effective amendment number 1 filed on July 17, 2007 as document fedfpa99h4.htm
13) Fund Participation Agreement with Fidelity Variable Insurance Products Fund, as amended, including Fidelity Variable Insurance Products Fund IV and Fidelity Variable Insurance Products Fund V dated May 1, 1988 with the registration statement under 333-140608, pre-effective amendment number 1 filed on July 17, 2007 as document fidifpa99h5.htm
14) Fund Participation Agreement with Fidelity Variable Insurance Products Fund II dated, as amended, including Fidelity Variable Insurance Products Fund IV and Fidelity Variable Insurance Products Fund V dated July 15, 1989 with the registration statement under 333-140608, pre-effective amendment number 1 filed on July 17, 2007 as document fidiifpa99h6.htm
15) Fund Participation Agreement with Fidelity Variable Insurance Products Fund III dated, as amended, including Fidelity Variable Insurance Products Fund IV and Fidelity Variable Insurance Products Fund V dated November 22, 1994 with the registration statement under 333-140608, pre-effective amendment number 1 filed on July 17, 2007 as document fidiiifpa99h7.htm
16) Amended and Restated Fund Participation Agreement with Franklin Templeton Variable Insurance Products Trust and Franklin/Templeton Distributors, Inc., as amended, dated May 1, 2003 with the registration statement under 333-140608, pre-effective amendment number 1 filed on July 17, 2007 as document frankfpa99h8.htm
17) Fund Participation Agreement with Goldman Sachs Variable Insurance Trust, and Goldman Sachs & Co. dated December 22, 1998 with the registration statement under 333-43671, post-effective amendment number 43 filed on April 12, 2011 as document goldmansachsfpa.htm
18) Fund Participation Agreement with J.P. Morgan Series Trust II dated February 18, 2003 with the registration statement under 333-59517, post-effective amendment number 42 filed on April 30, 2008 as document jpmorganfpa.htm
19) Fund Participation Agreement, Service and Institutional Shares, with Janus Aspen Series dated December 31, 1999 with the registration statement under 333-140608, pre-effective amendment number 1 filed on July 17, 2007 as document janusfpa99h9a.htm
20) Fund Participation Agreement with Lazard Retirement Series, Inc., and Lazard Asset Management Securities LLC dated April 13, 2009 with the registration statement under 333-43671, post-effective amendment number 43 filed on April 12, 2011 as document lazardfpa.htm
21) Fund Participation Agreement with Lord Abbett Series Fund, Inc. and Lord Abbett Distributor LLC, as amended, dated December 31, 2002 with the registration statement under 333-137202, pre-effective amendment number 3 filed on September 27, 2007 as document lordabbettfpa.htm
22) Fund Participation Agreement with The Merger Fund VL and Westchester Capital Management, LLC dated October 11, 2013 with the registration statement under 333-135650, post-effective amendment number 12 filed on October 15, 2013 as document d612202dex99827.htm
23) Participation Agreement Among MFS Variable Insurance Trust, MFS Variable Insurance Trust II, Nationwide Financial Services, Inc., and MFS Fund Distributors, Inc., dated May 2, 2011 with the registration statement under 333-227783, post-effective amendment number 3 filed on September 9, 2019 as document d737458dex9924b24.htm
24) Fund Participation Agreement with Nationwide Variable Insurance Trust (formerly, Gartmore Variable Insurance Trust), American Funds Insurance Series, and Capital Research and Management Company dated May 1, 2007 with the registration statement under 333-140608, pre-effective amendment number 1 filed on July 17, 2007 as document nwfpa99h12b.htm
25) Fund Participation Agreement with Neuberger Berman Management Inc. dated January 1, 2006 with the registration statement under 333-140608, pre-effective amendment number 1 filed on July 17, 2007 as document neuberfpa99h13.htm
26) Fund Participation Agreement with Northern Lights Variable Trust and Northern Lights Distributors, LLC dated February 8, 2012 with the registration statement under 333-62692, post-effective amendment number 28 filed on June 11, 2012 as document northernlightsfpa.htm

 

27) Fund Participation Agreement with Oppenheimer Variable Account Funds and Oppenheimer Funds, Inc. dated April 13, 2007 with the registration statement under 333-140608, pre-effective amendment number 1 filed on July 17, 2007 as document oppenfpa99h14.htm
28) Fund Participation Agreement with PIMCO Variable Insurance Trust and PIMCO Funds Distributors, LLC, as amended, dated March 28, 2002 with the registration statement under 333-137202, pre-effective amendment number 3 filed on September 27, 2007 as document pimcofpa.htm
29) Fund Participation Agreement with Putnam Variable Trust and Putnam Retail Management, L.P. dated February 1, 2002 with the registration statement under 333-137202, pre-effective amendment number 3 filed on September 27, 2007 as document putnamfpa.htm
30) Fund Participation Agreement with Royce & Associates, Inc., as amended, dated February 14, 2002 with the registration statement under 333-137202, pre-effective amendment number 3 filed on September 27, 2007 as document roycefpa.htm
31) Fund Participation Agreement with Rydex Variable Trust & Rydex Distributors, Inc. dated September 10, 2001 with the registration statement under 333-62692, post-effective amendment number 20 filed on April 18, 2008 as document rydexfundpartagreement.htm
32) Fund Participation Agreement with Schwab Annuity Portfolios, Charles Schwab Investment Management, Inc. and Charles Schwab & Co. Inc. dated September 30, 2003 with the registration statement under 333-105992, post-effective amendment number 10 filed on April 18, 2008 as document schwabfpa.htm
33) Fund Participation Agreement with T. Rowe Price Equity Series, Inc., T. Rowe Price International Series, Inc., T. Rowe Price Fixed Income Series, Inc., and T. Rowe Price Investment Services, Inc., as amended, dated October 1, 2002 with the registration statement under 333-140608, pre-effective amendment number 1 filed on July 17, 2007 as document trowefpa99h15.htm
34) Fund Participation Agreement with Van Eck Investment Trust, Van Eck Associates Corporation, and Van Eck Securities Corporation, as amended, dated September 1, 1989 with the registration statement under 333-137202, pre-effective amendment number 3 filed on September 27, 2007 as document vaneckfpa.htm
35) Fund Participation Agreement with Unified Financial Securities and Huntington Asset Advisors, Inc. dated August 13, 2010 with the registration statement under 333-164886, post effective amendment number 2 filed on October 26, 2010 as document huntingtonfpa.htm
36) Fund Participation Agreement with The Universal Institutional Funds, Inc., Morgan Stanley & Co. Incorporated, Morgan Stanley Investment Management Inc., as amended, dated February 1, 2002 with the registration statement under 333-140608, pre-effective amendment number 1 filed on July 17, 2007 as document univfpa99h16.htm
37) Fund Participation Agreement with The Victory Variable Insurance Funds, Key Asset Management Inc., and BISYS Fund Services dated June 30, 1999 with the registration statement under 333-103094, post-effective amendment number 30 filed on April 20, 2011 as document victoryfpa.htm
38) Fund Participation Agreement with Waddell & Reed Services Company and Waddell & Reed, Inc, as amended, dated December 1, 2000 with the registration statement under 333-137202, pre-effective amendment number 3 filed on September 27, 2007 as document waddellreedfpa.htm
39) Fund Participation Agreement with Wells Fargo Management, LLC, and Stephens, Inc., as amended, dated November 15, 2004 with the registration statement under 333-137202, pre-effective amendment number 3 filed on September 27, 2007 as document wellsfargofpa.htm
40) Fund Participation Agreement with Nationwide Variable Insurance Trust (formerly Gartmore Variable Insurance Trust, as amended. dated May 2, 2005 with the registration statement under 333-140608, pre-effective amendment number 1 filed on July 17, 2007 as document nwfpa99h12a.htm
41) Fund Participation Agreement with MainStay VP Funds Trust and New York Life Investment Management LLC dated May 1, 2016 with the registration statement under 333-201820, post-effective amendment number 1 filed on April 14, 2016 as document mainstayfpa.htm

 

Item 25. Directors and Officers of the Depositor
The business address of the Directors and Officers of the Depositor is:
One Nationwide Plaza, Columbus, Ohio 43215
President and Chief Operating Officer and Director John L. Carter
Executive Vice President and Director Mark R. Thresher
Executive Vice President - Chief Administrative Officer Gale V. King
Executive Vice President - Chief Information Officer James R. Fowler
Senior Vice President - Chief Financial Officer and Director Timothy G. Frommeyer
Senior Vice President - Chief Financial Officer, Nationwide Financial and Director Steven A. Ginnan
Senior Vice President - Individual Products & Solutions, Nationwide Annuity and Director Eric S. Henderson
Senior Vice President - Investment Management Group - NF Strategic Customer Solutions Tina S. Ambrozy
Senior Vice President - Marketing - Financial Services Ann S. Bair
Senior Vice President - Head of Taxation Pamela A. Biesecker
Senior Vice President - Chief Investment Officer Joel L. Coleman
Senior Vice President - Nationwide Financial Services Legal Rae Ann Dankovic
Senior Vice President - External Affairs Steven M. English
Senior Vice President - Human Resources Mia S. Hairston
Senior Vice President - Annuity Distribution Craig A. Hawley
Senior Vice President and Treasurer David LaPaul
Senior Vice President - IT Chief Financial Officer, Procurement & BTO Kevin G. O'Brien
Senior Vice President - Corporate Solutions Juan J. Perez
Senior Vice President - Retirement Plan Sales Scott Ramey
Senior Vice President Sandra L. Rich
Senior Vice President - Chief Technology Officer - Nationwide Financial Michael A. Richardson
Senior Vice President - Nationwide Retirement Institute Kristi L. Rodriguez
Senior Vice President - Chief Counsel - Emerging Businesses, Governance & Corporate Secretary Denise L. Skingle
Senior Vice President - Nationwide Life Holly R. Snyder
Senior Vice President - Investment Management Group Michael S. Spangler
Senior Vice President - Retirement Plan Sales Eric Stevenson
Director Kirt A. Walker

 

Item 26. Persons Controlled by or Under Common Control with the Depositor or Registrant.
Following is a list of entities directly or indirectly controlled by or under common control with the depositor or registrant. Ownership is indicated through indentation. Unless otherwise indicated, each subsidiary is either wholly-owned or majority-owned by the parent company immediately preceding it. (For example, Nationwide Fund Distributors, LLC is either wholly-owned or majority owned by NFS Distributors, Inc.) Separate accounts that have been established pursuant to board resolution but are not, and have never been, active are omitted.
Company Jurisdiction
of Domicile 		Brief Description of Business
Nationwide Financial Services, Inc. Delaware The company acts primarily as a holding company for companies within the Nationwide organization that offer or distribute life insurance, long-term savings and retirement products.
NFS Distributors, Inc. Delaware The company acts primarily as a holding company for Nationwide Financial Services, Inc. companies.
Nationwide Financial General Agency, Inc. Pennsylvania The company is a multi-state licensed insurance agency.
Nationwide Fund Distributors, LLC Delaware The company is a limited purpose broker-dealer.
Nationwide Fund Management, LLC Delaware The company provides administration, transfer and dividend disbursing agent services to various mutual fund entities.
Nationwide Retirement Solutions, Inc. Delaware The company markets and administers deferred compensation plans for public employees.
Nationwide Securities, LLC Delaware The company is a general purpose broker-dealer and investment adviser registered with the Securities and Exchange Commission.
Nationwide Trust Company, FSB Federal This is a federal savings bank chartered by the Office of Thrift Supervision in the United States Department of Treasury to exercise deposit, lending, agency, custody and fiduciary powers and to engage in activities permissible for federal savings banks under the Home Owners’ Loan Act of 1933.
Nationwide Financial Services Capital Trust Delaware The trust’s sole purpose is to issue and sell certain securities representing individual beneficial interests in the assets of the trust
Nationwide Life Insurance Company 2 Ohio The corporation provides individual life insurance, group and health insurance, fixed and variable annuity products and other life insurance products.
Jefferson National Financial Corporation3 Delaware A stock corporation. The corporation is the holding company of Jefferson National Life Insurance Company, Jefferson National Life Insurance Company of New York, Jefferson National Securities Corporation, and JNF Advisors, Inc., offering annuity products and services.
Jefferson National Life Insurance Company2,3 Texas The company provides life, health and annuity products.
Jefferson National Life Annuity Company C2,3   A separate account issuing variable annuity products.
Jefferson National Life Annuity Account E2,3   A separate account issuing variable annuity products.
Jefferson National Life Annuity Account F2,3   A separate account issuing variable annuity products.
Jefferson National Life Annuity Account G2,3   A separate account issuing variable annuity products.
Jefferson National Life Insurance Company of New York2,3 New York The company provides variable annuity products.
Jefferson National Life of New York Annuity Account 12,3   A separate account issuing variable annuity products.
Jefferson National Securities Corporation3 Delaware The company is a limited purpose broker-dealer and distributor of variable annuities for Jefferson National Life Insurance Company and Jefferson National Life Insurance Company of New York.
MFS Variable Account2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Multi-Flex Variable Account2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-II2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-32,3 Ohio A separate account issuing variable annuity contracts.

 

Company Jurisdiction
of Domicile 		Brief Description of Business
Nationwide Variable Account-42,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-52,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-62,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-72,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-82,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-92,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-102,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-112,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-122,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-132,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-142,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-152,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Provident VA Separate Account 12,3 Pennsylvania A separate account issuing variable annuity contracts.
Nationwide VLI Separate Account2,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VLI Separate Account-22,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VLI Separate Account-32,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VLI Separate Account-42,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VLI Separate Account-52,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VLI Separate Account-62,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VLI Separate Account-72,3 Ohio A separate account issuing variable life insurance policies.
Nationwide Provident VLI Separate Account 12,3 Pennsylvania A separate account issuing variable life insurance policies.
Nationwide Investment Services Corporation3 Oklahoma This is a limited purpose broker-dealer and distributor of variable annuities and variable life products for Nationwide Life Insurance Company and Nationwide Life and Annuity Insurance Company. The company also provides educational services to retirement plan sponsors and its participants.
Nationwide Financial Assignment Company3 Ohio The company is an administrator of structured settlements.
Nationwide Investment Advisors, LLC3 Ohio The company provides investment advisory services.
Eagle Captive Reinsurance, LLC3 Ohio The company is engaged in the business of insurance
Nationwide Life and Annuity Insurance Company2,3 Ohio The company engages in underwriting life insurance and granting, purchasing and disposing of annuities.
Nationwide VA Separate Account-A2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide VA Separate Account-B2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide VA Separate Account-C2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide VA Separate Account-D2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Provident VA Separate Account A2,3 Delaware A separate account issuing variable annuity contracts.
Nationwide VL Separate Account-C2,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VL Separate Account-D2,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VL Separate Account-G2,3 Ohio A separate account issuing variable life insurance policies.
Nationwide Provident VLI Separate Account A2,3 Delaware A separate account issuing variable life insurance policies.
Olentangy Reinsurance, LLC3 Vermont The company is a captive life reinsurance company.
Nationwide SBL, LLC Ohio The company is a lender offering securities-back lines of credit.

 

Company Jurisdiction
of Domicile 		Brief Description of Business
Registered Investment Advisors Services, Inc. Texas The company is a technology company that facilitates third-party money management services for registered investment advisors
Nationwide Fund Advisors4 Delaware The trust acts as a registered investment advisor.
1 This subsidiary/entity is controlled by its immediate parent through contractual association.
2 This subsidiary/entity files separate financial statements.
3 Information for this subsidiary/entity is included in the consolidated financial statements of its immediate parent.
4 This subsidiary/entity is a business trust.
Item 27. Number of Contract Owners
The number of Contract Owners of Qualified and Non-Qualified Contracts as of February 28, 2021, was 327 and 284 respectively.
Item 28. Indemnification
Provision is made in Nationwide’s Amended and Restated Code of Regulations and expressly authorized by the General Corporation Law of the State of Ohio, for indemnification by Nationwide of any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative by reason of the fact that such person is or was a director, officer or employee of Nationwide, against expenses, including attorneys fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding, to the extent and under the circumstances permitted by the General Corporation Law of the State of Ohio.
Insofar as indemnification for liabilities arising under the Securities Act of 1933 ("Act") may be permitted to directors, officers or persons controlling Nationwide pursuant to the foregoing provisions, Nationwide has been informed that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
Item 29. Principal Underwriter
Nationwide Investment Services Corporation ("NISC")
a) NISC serves as principal underwriter and general distributor for the following separate investment accounts of Nationwide or its affiliates:
   
MFS Variable Account Nationwide VA Separate Account-C
Multi-Flex Variable Account Nationwide VA Separate Account-D
Nationwide Variable Account Nationwide VLI Separate Account
Nationwide Variable Account-II Nationwide VLI Separate Account-2
Nationwide Variable Account-3 Nationwide VLI Separate Account-3
Nationwide Variable Account-4 Nationwide VLI Separate Account-4
Nationwide Variable Account-5 Nationwide VLI Separate Account-5
Nationwide Variable Account-6 Nationwide VLI Separate Account-6
Nationwide Variable Account-7 Nationwide VLI Separate Account-7
Nationwide Variable Account-8 Nationwide VL Separate Account-C
Nationwide Variable Account-9 Nationwide VL Separate Account-D
Nationwide Variable Account-10 Nationwide VL Separate Account-G
Nationwide Variable Account-11 Nationwide Provident VA Separate Account 1
Nationwide Variable Account-12 Nationwide Provident VA Separate Account A
Nationwide Variable Account-13 Nationwide Provident VLI Separate Account 1
Nationwide Variable Account-14 Nationwide Provident VLI Separate Account A
Nationwide Variable Account-15  

 

Nationwide VA Separate Account-A  
Nationwide VA Separate Account-B  
b) Directors and Officers of NISC:
   
President and Director Tina S. Ambrozy
Senior Vice President - Head of Taxation Pamela A. Biesecker
Vice President - Chief Compliance Officer James J. Rabenstine
Vice President - Tax Daniel P. Eppley
Vice President - Performance Management and Accounting and Financial Operations Peter J. Rothermel
Associate Vice President and Treasurer Ewan T. Roswell
Associate Vice President and Assistant Secretary Mark E. Hartman
Associate Vice President and Assistant Treasurer David A. Conner
Associate Vice President and Assistant Treasurer Hope C. Hacker
Associate Vice President and Assistant Treasurer John A. Reese
Assistant Secretary Heidi Bowman
Director Eric Stevenson
Director Eric S. Henderson
The business address of the Directors and Officers of NISC is:
One Nationwide Plaza, Columbus, Ohio 43215.
c)
Name of Principal Underwriter   Net Underwriting
Discounts and
Commissions 		  Compensation on
Redemption or
Annuitization 		  Brokerage
Commissions 		  Compensation
Nationwide Investment Services Corporation
   N/A   N/A   N/A   N/A
Item 30. Location of Accounts and Records
Steven A. Ginnan
Nationwide Life Insurance Company
One Nationwide Plaza
Columbus, OH 43215
Item 31. Management Services
Not Applicable
Item 32. Undertakings
The Registrant hereby undertakes to:
a) file a post-effective amendment to this registration statement as frequently as is necessary to ensure that the audited financial statements in the registration statement are never more than 16 months old for so long as payments under the variable annuity contracts may be accepted;
b) include either (1) as part of any application to purchase a contract offered by the prospectus, a space that an applicant can check to request a Statement of Additional Information, or (2) a post card or similar written communication affixed to or included in the prospectus that the applicant can remove to send for a Statement of Additional Information; and
c) deliver any Statement of Additional Information and any financial statements required to be made available under this form promptly upon written or oral request.
The Registrant represents that any of the contracts which are issued pursuant to Section 403(b) of the Internal Revenue Code, are issued by Nationwide through the Registrant in reliance upon, and in compliance with, a no-action letter issued by the Staff of the Securities and Exchange Commission to the American Council of Life Insurance (publicly available November 28, 1988) permitting withdrawal restrictions to the extent necessary to comply with Section 403(b)(11) of the Internal Revenue Code.

 

Nationwide Life Insurance Company represents that the fees and charges deducted under the contract in the aggregate are reasonable in relation to the services rendered, the expenses expected to be incurred and risks assumed by Nationwide Life Insurance Company.

 

SIGNATURES
As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets the requirements of Rule 485(b) under the Securities Act of 1933 for effectiveness of the Registration Statement and has caused this Registration Statement to be signed by the undersigned, duly authorized, in the City of Columbus, and State of Ohio, on April 20, 2021.
Nationwide Variable Account-II
(Registrant)
Nationwide Life Insurance Company
(Depositor)
By: /s/ Jamie Ruff Casto
Jamie Ruff Casto
Attorney-in-Fact
As required by the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated, on April 20, 2021.
JOHN L. CARTER  
John L. Carter, President and Chief Operating Officer, and Director  
MARK R. THRESHER  
Mark R. Thresher, Executive Vice President and Director  
TIMOTHY G. FROMMEYER  
Timothy G. Frommeyer, Senior Vice President-Chief Financial Officer and Director  
ERIC S. HENDERSON  
Eric S. Henderson, Senior Vice President-Nationwide Annuity and Director  
STEVEN A. GINNAN  
Steven A. Ginnan, Senior Vice President-Chief Financial Officer-Nationwide Financial and Director  
KIRT A. WALKER  
Director  
  By /s/ Jamie Ruff Casto
  Jamie Ruff Casto
Attorney-in-Fact