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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Sedol" value="SIK0COM"/>
          <other otherDesc="Future Ticker" value="SIK0 Comdty"/>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Sedol" value="MGCM0CO"/>
          <other otherDesc="Future Ticker" value="MGCM0 Comdty"/>
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        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>CME Clearing House</counterpartyName>
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                <issuerName>N/A</issuerName>
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                  <ticker value="MGCM0 Comdty"/>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="GB00H7W77Q67"/>
          <other otherDesc="Future Ticker" value="G M0 Comdty"/>
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        <balance>15.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>ICE Clear Europe</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>United Kingdom of Great Britain and Northern Ireland</issuerName>
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                  <isin value="GB00B16NNR78"/>
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            <expDate>2020-06-26</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Sedol" value="HWAM0ID"/>
          <other otherDesc="Future Ticker" value="HWAM0 Index"/>
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        <balance>67.00000000</balance>
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        <assetCat>DE</assetCat>
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        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>CME Clearing House</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <indexName>Micro E-Mini S&amp;P 500 Index</indexName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SNCF Reseau</name>
        <lei>969500VZN4KDEZ14C105</lei>
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        <cusip>N/A</cusip>
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          <isin value="XS1695268695"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>221150.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-10-13</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Japan Finance Organization for Municipalities</name>
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          <isin value="US471068AA42"/>
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        <balance>300000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-13</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Tokyo Metropolitan Government</name>
        <lei>353800FABE4GGB1BMO18</lei>
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        <cusip>N/A</cusip>
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          <isin value="XS1230983238"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Korea Development Bank (The)</name>
        <lei>549300ML2LNRZUCS7149</lei>
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          <isin value="US500630CH97"/>
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        <curCd>USD</curCd>
        <valUSD>321955.92000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <name>Asian Development Bank</name>
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          <isin value="US045167DZ34"/>
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        <name>N/A</name>
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          <other otherDesc="Future Ticker" value="HWBM0 Index"/>
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        <name>SFIL SA</name>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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              <counterpartyName>ASX Clear (Futures)</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issueTitle>Australia 10 Year Bond</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-06-15</expDate>
            <notionalAmt>3915880.02000000</notionalAmt>
            <curCd>AUD</curCd>
            <unrealizedAppr>48508.24000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>International Bank for Reconstruction &amp; Development</name>
        <lei>ZTMSNXROF84AHWJNKQ93</lei>
        <title>International Bank for Reconstruction &amp; Development</title>
        <cusip>459058GA5</cusip>
        <identifiers>
          <isin value="US459058GA50"/>
        </identifiers>
        <balance>265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>266212.55000000</valUSD>
        <pctVal>3.552566090684</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-09-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Nationwide Variable Insurance Trust</ncom:nameOfApplicant>
      <ncom:signature>Joseph Finelli</ncom:signature>
      <ncom:signerName>Joseph Finelli</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
