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NATIONWIDE VARIABLE INSURANCE TRUST
NVIT Multi-Manager Small Company Fund

Supplement dated February 13, 2015
to the Summary Prospectus dated April 30, 2014

Capitalized terms and certain other terms used in the supplement, unless otherwise defined in this supplement, have the meanings assigned to them in the Summary Prospectus.

Effective immediately, the information under the section entitled “Portfolio Managers” on page 4 of the Summary Prospectus is deleted and replaced with the following:

Portfolio Manager
Title
Length of Service with Fund
Putnam
Eric N. Harthun
Portfolio Manager
Since 2008
MSIM
Dennis Lynch
Managing Director
Since 2009
David Cohen
Managing Director
Since 2009
Sam Chainani
Managing Director
Since 2009
Alexander Norton
Executive Director
Since 2009
Jason Yeung
Managing Director
Since 2009
Armistead Nash
Executive Director
Since 2009
Neuberger Berman
Judith M. Vale
Managing Director
Since 1995
Robert D’Alelio
Managing Director
Since 1996
Michael L. Bowyer
Managing Director
Since 2015
Brett Reiner
Managing Director
Since 2015
Gregory G. Spiegel
Managing Director
Since 2015
Oppenheimer
Ronald J. Zibelli, Jr., CFA
Vice President
Since 2011
Ash Shah, CFA, CPA
Vice President
Since 2014




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