497 1 d142963d497.htm AMERICA'S MARKETFLEX ADVISOR ANNUITY (333-140812) America's marketFLEX Advisor Annuity (333-140812)
Prospectus supplement dated August 6, 2021
to the following prospectus(es):
America's marketFLEX Advisor Annuity, America's marketFLEX II Annuity, and America's marketFlex Edge Annuity prospectuses dated May 1, 2021
This supplement updates certain information contained in your prospectus. Please read it and keep it with your prospectus for future reference.
The following disclosure changes are made to the prospectus:
1. At a meeting held on June 16, 2021 of the Board of Trustees (the "Board") of Nationwide Variable Insurance Trust (the "Trust"), the Board approved the following actions:
The Board approved the termination of Neuberger Berman Investment Advisers LLC ("Neuberger Berman") as the subadviser to the NVIT Core Plus Bond Fund: Class II (the "Fund"), and the appointment of Insight North America LLC ("Insight") as the Fund’s new subadviser. All references to, and information regarding Neuberger Berman are deleted in their entirety and the fund is renamed the "NVIT BNY Mellon Core Plus Bond Fund: Class II". All references to the fund’s former name are replaced accordingly.
The changes are anticipated to take effect on or about September 7, 2021.
2. At a meeting held on June 16, 2021 of the Board of Trustees (the "Board") of Nationwide Variable Insurance Trust (the "Trust"), the Board approved the following actions:
The Board approved a new subadvisory agreement with Newton Investment Management North America, LLC ("Newton US") for the Nationwide Mellon Dynamic U.S. Core Fund: Class II (the "Fund"). The Board approved this agreement because BNY Mellon Investment Management, the parent investment management organization of Mellon Investments Corporation ("Mellon"), the subadviser of the Fund, intends to restructure the investment advisory business of Mellon by transferring Mellon’s portfolio management personnel to Newton US (the "Transaction"). Upon closing of the Transaction, the Trust’s subadvisory agreement with Mellon, with respect to the Fund, will terminate and the new subadvisory agreement with Newton US will become effective and the Fund is renamed the "NVIT BNY Mellon Dynamic U.S. Core Fund: Class II". All references to the Fund’s former name in the Prospectus are replaced accordingly.
The changes are anticipated to take effect on or about August 31, 2021.
3. At a meeting held on June 16, 2021 of the Board of Trustees (the "Board") of Nationwide Variable Insurance Trust (the "Trust"), the Board approved the following actions:
The Board approved a new subadvisory agreement with Newton Investment Management North America, LLC ("Newton US") for the NVIT Mellon Dynamic U.S. Equity Income: Class Z, (the "Fund"). The Board approved this agreement because BNY Mellon Investment Management, the parent investment management organization of Mellon Investments Corporation ("Mellon"), the subadviser to the Fund, intends to restructure the investment advisory business of Mellon by transferring Mellon’s portfolio management personnel to Newton US (the "Transaction"). Upon closing of the Transaction, the Trust’s subadvisory agreement with Mellon, with respect to the Fund, will terminate and the new subadvisory agreement with Newton US will become effective and the Fund is renamed the "NVIT BNY Mellon Dynamic U.S. Equity Income: Class Z". All references to the Fund’s former name in the Prospectus are replaced accordingly.
The changes are anticipated to take effect on or about August 31, 2021.
4. At a meeting held on June 16, 2021 of the Board of Trustees (the "Board") of Nationwide Variable Insurance Trust (the "Trust"), the Board approved the following actions:
The Board approved the termination of Lazard Asset Management LLC ("Lazard") and Aberdeen Standard Alternative Funds Limited ("Aberdeen") as the subadvisers to the NVIT Emerging Markets Fund: Class I (the "Fund"), and approved the appointment of NS Partners Ltd ("NS Partners") and Loomis, Sayles & Company L.P. ("Loomis Sayles") as the Fund’s new subadvisers, effective on or about September 13, 2021 (the "Effective Date").
As of the Effective Date, all references to, and information regarding, Lazard as it relates to the Fund in the prospectus are deleted in their entirety.
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As of the Effective Date, all references to, and information regarding, Aberdeen as it relates to the Fund in the prospectus are deleted in their entirety.
6. On December 2, 2020, Waddell & Reed Financial, Inc. (WDR), the parent company of Ivy Investment Management Company, the investment adviser of the Ivy Funds Complex (the Ivy Funds), and Macquarie Management Holdings, Inc., the U.S. holding company for Macquarie Group Limited’s U.S. asset management business (Macquarie), announced that they had entered into an agreement whereby Macquarie would acquire the investment management business of WDR (the "Transaction"). The Transaction closed on April 30, 2021.
Effective on or about July 1, 2021, the following affiliated sub-advisors are added to each Fund as follows:
   
FUND NAME AFFILIATED SUB-ADVISOR
Ivy Variable Insurance Portfolios - Delaware Ivy Asset Strategy: Class II Macquarie Investment Management Austria Kapitalanlage AG
Macquarie Funds Management Hong Kong Limited
Macquarie Investment Management Global Limited
Macquarie Investment Management Europe Limited
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