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Investment choices performance reportApril 30, 2018

Nationwide DestinationSM Navigator 2.0

Invest in your future

Answers to frequently asked questions.What you should know about purchasing a variable annuity

What is a variable annuity?

A variable annuity is an insurance contract designed to

help you create a fixed or variable stream of retirement

income through a process called annuitization. With a

variable annuity, you can invest in one product with

multiple underlying investment options and direct money

into subaccounts based on how much risk you’re willing

to take.

Variable annuities are for long-term investing; they’re not

appropriate for short-term financial goals. And variable

annuities have fees and charges that include mortality

and expense fees, administrative fees and contract

maintenance fees. These fees are a percentage of the

investment account value.

What kind of investmentscan I choose from?

Variable annuities offer a wide range of professionally

managed investment options. With choices such as

equity, bond and money market funds, you can create a

portfolio designed to meet your investment goals. Please

keep in mind that because these investment choices are

subject to market fluctuation, investment risk and

possible loss of principal, your annuity’s value will vary

depending on how they perform.

Investment choices within a variable annuity are not

publicly traded mutual funds and are only available for

purchase in variable products. Fees in investment choices

cover the fund manager’s services and the costs of the

underlying investments.

Why should I consider avariable annuity?

Variable annuities offer tax deferral and compounding,

unique features that can help you prepare for retirement.

Investment gains within a variable annuity are tax

deferred, meaning they’re not taxed until you take money

from the annuity. This allows more of your money to

remain invested. And when combined with the power of

compounding, your investment has the potential to

accumulate faster than taxable investments earning the

same rate of return.

When you decide to withdraw money from a variable

annuity, the taxable portion will be subject to ordinary

income tax. If you take your money out early, surrender

charges may apply and, if you take it out before age 59½,

a 10% federal tax penalty may apply.

When would I be able to drawincome from an annuity?

Income from an annuity can be either deferred or

immediate depending on the type of annuity you own

and its features. Keep in mind that the guarantee of

continued payments depends on the claims-paying

ability of the insurance company.

Deferred annuities

Deferred annuities are designed to help you grow your

assets and provide income at a later time. They’re for

long-term goals, like planning for retirement. They can be

purchased through payments over time or with a single

payment.

Immediate annuities

Immediate annuities are designed to start providing

income right away. They’re usually purchased with a

lump-sum payment by people who have already retired

or are close to retirement.

What are the other features?

Some variable annuities offer living features, like

guaranteed accumulation, guaranteed withdrawal

features or principal protection for extra security, at an

additional cost.

Most variable annuities offer a death feature — a

payment made to your beneficiary after your death —

which will be adjusted proportionally for any previous

withdrawals. Other features, known as riders, may be

offered at an additional cost as optional features.

Investment choices performance reportQuality investments, confident choices What matters most to you also matters to us. That’s why our team of investment specialists devotes both time and effort to build a lineup of quality investment options that you can choose from with confidence. We do the homework for you — researching investments, crunching the numbers and looking for options that have demonstrated consistency in style, management and performance over time.

The result is a lineup of investment options from brand-name managers across multiple asset classes. For the investment options that bear the Nationwide Variable Insurance Trust (NVIT) name, we’ve hired many of these managers as subadvisors to bring their strategies and experience to your portfolio. Other investment options are available to you directly from third-party managers.

We brought investors like you greater choice back in 1982 by pioneering the multi-manager approach to variable insurance products. Today, you can benefit from Nationwide’s experience as a “manager of managers” to bring you the investment options that can help you meet your financial goals.

It’s natural to want to know how your investments are doing over timeThis performance report shows how the investment choices within this variable annuity have performed over a series of time periods. These investment choices are not publicly traded mutual funds and are only available for purchase in variable products.

Fees and expensesFees and expenses charged by the investment choices cover the cost of the underlying investment as well as the fund manager’s services, and they are reflected in the performance figures.

Annual maintenance charge: $30Mortality and expense risk charge: 1.30%

Contingent deferred sales charge (CDSC):

Performance figures do not reflect the cost of optional riders. If the cost were included, performance figures would be lower.

Year 0 1 2 3 4 5 6 7

CDSC 7% 7% 6% 5% 4% 3% 2% 0%

Helpful termsAnnual maintenance charge: A fee charged to cover yearly expenses.

Asset allocation: The mixture of asset classes an investor chooses based on his or her time horizon and risk tolerance. Markets are volatile and can decline in response to adverse developments. The use of asset allocation does not guarantee returns or protect you from potential losses.

Asset class: A group of investments with similar characteristics, such as stocks, bonds or cash.

Bear market: An extended period of declining stock prices, frequently occurring when there is an economic recession, unemployment is high and inflation is rising.

Closed: A underlying investment option that is no longer accepting contributions from investors.

Contingent deferred sales charge: A charge for withdrawals over a set time period that is highest at the beginning and drops to zero at the end of the time period.

Current yield: A measure of the return an investor might expect if he or she purchased an investment and held it for one year.

Inception date: The date the underlying investment option first became available to investors.

Inclusion date: The date the underlying investment option was added to the Nationwide® separate account.

Mortality and expense risk charge: A fee assessed as a percentage of the contract value to cover the insurance guarantee, commissions, selling and administrative expenses.

Separate account: An investment pool funded by contributions to variable contracts including variable annuities and variable life insurance. These assets are kept separate from Nationwide's general account.

Short-term trading fees: Fees designed to offset the costs associated with short-term trading and to protect the long-term interests of all shareholders.

Walled-off: An underlying investment option that is not open to new investors, but is still accepting contributions from existing investors.

Variable products are sold by prospectus. Carefully consider the investment objectives, risks, charges and expenses. The product and underlying fund prospectuses contain this and other important information. Investors should read them carefully before investing. To request a copy, go to nationwide.com or call 1-800-848-6331.

Non-standardized performance: Without surrender charges (CDSC) appliedThe figures shown are calculated based on a one-time investment of $10,000 and reflect the deduction of all applicable charges, except for surrender charges (CDSC). These returns are measured from the inception date of the fund and may predate the offering of the fund in the Nationwide® separate account. Where this occurs, the performance is hypothetical in that it depicts how the fund would have performed had it been available in the Nationwide separate account during the time period. Year-to-date returns are shown only for underlying investment options incepted on or before December 31 of the previous year.

The results shown represent past performance and do not represent expected future performance or experience. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the data quoted. To obtain performance data current to the most recent month-end or for closed and walled-off underlying investment options, please call 1-800-848-6331 or visit nationwide.com.

Performance figures shown for the stand-alone underlying investment options available with Nationwide living benefits do not reflect the cost of the optional living benefit riders. If the cost were included, performance figures would be lower.

Nationwide DestinationSM Navigator 2.0Stand-alone Investment Choices for The Nationwide Lifetime Income Rider®

Investment ChoicesTotal Returns Periods

Less Than 1 Year Average Annual Total Returns as of 04/30/18

Underlying Investment Option InceptionDate Month YTD One

YearThreeYears

FiveYears

10 Yearsor Since

Inception

Fidelity® VIP Freedom Fund 2010 Portfolio - Service Class 28,12 04/26/2005 -0.11% -1.47% 4.15% 2.62% 3.81% 3.41%

NVIT CardinalSM Balanced Fund - Class II8,14 03/27/2008 -0.11% -1.32% 4.74% 2.66% 3.98% 3.34%

NVIT CardinalSM Conservative Fund - Class II8,14 03/27/2008 -0.31% -1.61% 0.89% 0.72% 1.21% 2.01%

NVIT CardinalSM Managed Growth & Income Fund - Class II8,11,13,14 04/30/2013 -0.39% -2.51% 5.19% 1.97% 3.11% 3.11%

NVIT CardinalSM Managed Growth Fund - Class II8,11,13,14 04/30/2013 -0.39% -2.64% 6.83% 2.82% 3.61% 3.61%

NVIT CardinalSM Moderately Conservative Fund - Class II8,14 03/27/2008 -0.21% -1.35% 3.50% 2.06% 3.07% 2.96%

NVIT Investor Destinations Balanced Fund - Class II8,14 03/24/2009 0.01% -1.18% 4.27% 2.86% 3.85% 6.72%

NVIT Investor Destinations Conservative Fund - Class II8,14 12/12/2001 -0.21% -1.23% 0.93% 0.98% 1.39% 1.76%

NVIT Investor Destinations Managed Growth & Income Fund - Class II8,13,14 04/30/2013 -0.20% -2.32% 4.79% 2.26% 2.99% 2.99%

NVIT Investor Destinations Managed Growth Fund - Class II8,11,13,14 04/30/2013 -0.20% -2.59% 6.18% 3.18% 3.56% 3.56%

NVIT Investor Destinations Moderately Conservative Fund - Class II8,14 12/12/2001 -0.11% -1.22% 3.08% 2.24% 3.08% 2.86%

NVIT Managed American Funds Asset Allocation Fund - Class II8,13,14 07/08/2014 -0.29% -2.33% 6.18% 4.61% N/A 3.93%

Nationwide DestinationSM Navigator 2.0Stand-alone Investment Choices for Nationwide Lifetime Income CaptureSM

Investment Choices Total Returns PeriodsLess Than 1 Year Average Annual Total Returns as of 04/30/18


YearThreeYears

FiveYears

10 Yearsor Since

Inception






NVIT CardinalSM Moderate Fund - Class II8,14 03/27/2008 -0.11% -1.25% 6.10% 3.38% 4.92% 3.70%






NVIT Investor Destinations Moderate Fund - Class II8,14 12/12/2001 0.12% -1.12% 5.38% 3.56% 4.80% 3.70%



Nationwide DestinationSM Navigator 2.0Stand-alone Investment Choices for Nationwide Lifetime Income TrackSM



YearThreeYears

FiveYears

10 Yearsor Since

Inception

American Funds NVIT Asset Allocation Fund - Class II2,3,14 08/01/1989 0.00% -1.22% 6.32% 5.54% 6.63% 5.14%


Fidelity® VIP Freedom Fund 2020 Portfolio - Service Class 28,12,14 04/26/2005 -0.04% -1.47% 5.99% 3.68% 4.94% 3.66%


NVIT CardinalSM Capital Appreciation Fund - Class II8,14 03/27/2008 -0.02% -1.07% 7.42% 3.98% 5.79% 4.02%






NVIT DFA Moderate Fund - Class II8,11,14 01/07/2013 0.28% -0.98% 6.85% 3.68% 4.94% 5.62%


NVIT Investor Destinations Capital Appreciation Fund - Class II8,14 03/24/2009 0.21% -1.03% 6.63% 4.17% 5.56% 9.09%







Non-standardized performance: Without surrender charges (CDSC) appliedThe figures shown are calculated based on a one-time investment of $10,000 and reflect the deduction of all applicable charges, except for surrender charges (CDSC). These returns are measured from the inception date of the fund and may predate the offering of the fund in the Nationwide® separate account. Where this occurs, the performance is hypothetical in that it depicts how the underlying investment options would have performed had it been available in the Nationwide separate account during the time period. Year-to-date returns are shown only for underlying investment options incepted on or before December 31 of the previous year.





YearThreeYears

FiveYears

10 Yearsor Since

Inception

Large cap stocks: Large-cap blend

American Funds NVIT Growth-Income Fund - Class II 03/09/1987 1.26% 2.48% 14.85% 9.16% 11.42% 6.64%

Fidelity® VIP Growth & Income Portfolio - Service Class 2 12/31/1996 1.27% -2.59% 7.62% 6.03% 9.04% 5.69%

Neuberger Berman NVIT Multi Cap Opportunities Fund - Class II3 03/24/2008 -0.03% -0.86% 12.11% 9.13% 10.96% 5.54%

NVIT Managed American Funds Growth-Income Fund - Class II8,13 07/08/2014 0.78% 0.73% 12.76% 7.78% N/A 7.45%

NVIT Nationwide Fund - Class II 11/08/1982 -0.38% -0.28% 10.70% 7.82% 10.24% 5.27%

NVIT S&P 500 Index Fund - Class II 02/07/2000 0.23% -1.01% 10.94% 8.31% 10.68% 6.88%

Oppenheimer Main Street Fund®/VA - Service Shares 07/13/2000 -0.34% -3.87% 3.46% 6.45% 9.64% 6.07%

Large cap stocks: Large-cap growth

American Funds NVIT Growth Fund - Class II 02/08/1984 1.95% 4.33% 17.97% 11.96% 12.99% 7.20%

Fidelity® VIP Growth Portfolio - Service Class 2 10/09/1986 0.85% 3.98% 19.72% 11.85% 14.05% 7.42%

Neuberger Berman NVIT Socially Responsible Fund - Class II 03/24/2008 0.10% 0.34% 9.89% 7.09% 9.99% 6.62%

NVIT Large Cap Growth Fund - Class II 03/24/2009 0.79% 2.01% 15.98% 9.36% 12.19% 13.95%

NVIT Multi-Manager Large Cap Growth Fund - Class II 03/24/2008 0.10% 0.82% 17.25% 8.65% 11.40% 6.58%

Large cap stocks: Large-cap value

American Century NVIT Multi Cap Value Fund - Class II3 03/24/2009 1.30% -1.93% 3.96% 5.10% 8.22% 11.88%

BlackRock NVIT Equity Dividend Fund - Class II 10/31/1997 1.68% -1.33% 9.40% 6.11% 8.94% 6.30%

Fidelity® VIP Equity-Income Portfolio - Service Class 2 10/09/1986 0.12% -4.66% 2.69% 4.25% 6.61% 4.21%

MFS® VIT Value Series - Service Class 01/02/2002 -1.02% -4.51% 5.43% 6.17% 8.86% 6.07%

NVIT Multi-Manager Large Cap Value Fund - Class II 03/24/2008 0.64% -2.10% 8.01% 5.48% 8.87% 5.05%

Mid cap stocks: Mid-cap blend

Dreyfus IP MidCap Stock Portfolio - Service Shares3 12/29/2000 -1.04% -3.75% 5.32% 5.06% 8.82% 7.26%

NVIT Mid Cap Index Fund - Class I3 10/31/1997 -0.39% -1.55% 7.66% 7.31% 9.68% 7.93%





YearThreeYears

FiveYears

10 Yearsor Since

Inception

Mid cap stocks: Mid-cap growth

NVIT Multi-Manager Mid Cap Growth Fund - Class II3 03/24/2008 -1.67% 1.25% 14.75% 7.24% 10.20% 6.42%

Mid cap stocks: Mid-cap value

AB VPS Small/Mid Cap Value Portfolio - Class B3 05/01/2001 1.84% -1.13% 8.67% 7.32% 9.93% 7.79%

American Century VP Mid Cap Value Fund - Class II3 10/29/2004 0.41% -2.21% 4.39% 7.70% 10.39% 8.90%

NVIT Multi-Manager Mid Cap Value Fund - Class II3 03/24/2008 -0.11% -2.98% 3.80% 6.00% 10.08% 7.68%

Small cap stocks: Small-cap blend

NVIT Multi-Manager Small Company Fund - Class II3 02/13/2002 0.17% -1.13% 7.13% 8.02% 9.81% 6.92%

NVIT Small Cap Index Fund - Class II3 04/13/2007 0.70% 0.23% 9.35% 7.52% 9.62% 7.57%

Oppenheimer Main Street Small Cap Fund®/VA - Service Shares3 07/16/2001 0.44% -0.52% 5.70% 6.28% 9.78% 8.02%

Small cap stocks: Small-cap growth

MFS® VIT New Discovery Series - Service Class3 04/28/2000 1.28% 5.09% 20.22% 9.35% 8.89% 9.12%

NVIT Multi-Manager Small Cap Growth Fund - Class II3 05/03/1999 -0.71% 1.93% 14.57% 8.51% 11.38% 7.28%

Wells Fargo VT Small Cap Growth Fund - Class 23 05/01/1995 0.07% 7.78% 20.66% 8.56% 12.17% 8.92%

Small cap stocks: Small-cap value

Delaware VIPT Small Cap Value - Service Class3 05/01/2000 0.82% -2.51% 4.44% 8.30% 9.54% 8.17%

NVIT Multi-Manager Small Cap Value Fund - Class II3 04/30/2002 0.64% -2.63% 3.80% 6.29% 8.70% 7.43%

International stocks: Emerging markets

Lazard Retirement Emerging Markets Equity Portfolio - Service Shares2,5 11/04/1997 -3.02% -1.53% 10.42% 3.47% 1.19% 0.32%

NVIT Emerging Markets Fund - Class II2,5 08/30/2000 -3.17% -1.91% 18.65% 3.66% 1.45% -2.71%

International stocks: Foreign large blend

MFS® VIT II International Value Portfolio - Service Class2 08/23/2001 -0.30% -1.55% 11.59% 6.57% 7.54% 4.97%

NVIT International Equity Fund - Class II2,10 08/30/2000 0.14% 0.75% 13.58% 3.18% 5.13% 0.40%

NVIT International Index Fund - Class VIII2 04/28/2006 1.35% -0.05% 11.44% 2.60% 3.48% 0.04%

Putnam VT International Equity Fund - Class IB2 01/02/1997 0.42% -0.01% 12.92% 2.49% 4.76% 0.19%

International stocks: Foreign large growth

Fidelity® VIP Overseas Portfolio - Service Class 22 01/28/1987 1.14% -0.70% 11.94% 3.39% 5.17% 0.70%

NVIT Multi-Manager International Growth Fund - Class II2,10 03/24/2008 -0.53% -1.43% 10.11% 1.98% 4.59% 2.01%

Oppenheimer International Growth Fund/VA - Service Shares2 03/19/2001 -0.11% -0.44% 10.63% 3.72% 4.68% 3.00%

International stocks: Foreign large value

NVIT Multi-Manager International Value Fund - Class II2 11/01/1991 1.82% 0.52% 13.05% 2.48% 3.02% -1.70%

Templeton NVIT International Value Fund - Class I2 03/24/2009 1.87% -0.05% 11.40% 0.88% 3.11% 6.74%

International stocks: World stock

American Funds NVIT Global Growth Fund - Class II2 04/30/1997 -0.45% 1.89% 16.02% 7.75% 9.79% 5.98%





YearThreeYears

FiveYears

10 Yearsor Since

Inception


Oppenheimer Global Fund/VA - Service Shares2 07/13/2000 0.55% 0.18% 17.58% 7.76% 8.98% 5.85%

Bonds: Emerging markets bond

PIMCO VIT Emerging Markets Bond Portfolio - Advisor Class2,5,9 03/31/2006 -1.36% -3.15% -0.72% 2.44% 0.39% 3.72%

Bonds: Floating rate bond

Eaton Vance VT Floating-Rate Income Fund - Initial Class4,5,6,9 05/02/2001 0.18% 1.27% 2.14% 1.83% 1.37% 2.67%

Bonds: High yield bond

BlackRock High Yield VI Fund - Class III4,9 04/20/1982 0.59% -0.54% 1.51% 2.29% 2.66% 5.25%

Columbia VP High Yield Bond Fund - Class 24,9 05/03/2010 0.34% -1.76% -0.03% 1.94% 2.22% 4.98%

Federated NVIT High Income Bond Fund - Class I4,9 10/31/1997 0.50% -1.19% 0.56% 2.72% 2.60% 4.57%

Bonds: Inflation-protected bond

American Century VP Inflation Protection Fund - Class II6,9 12/31/2002 -0.31% -2.04% -1.34% -0.90% -2.09% 1.15%

Bonds: Intermediate government bond

NVIT Government Bond Fund - Class I6,9 11/08/1982 -0.96% -2.48% -2.62% -1.78% -1.49% 0.79%

Bonds: Intermediate-term bond

American Funds NVIT Bond Fund - Class II9 01/02/1996 -0.82% -2.77% -2.39% -0.98% -0.68% 0.63%

BlackRock Total Return VI Fund - Class III9 04/20/1982 -0.79% -2.41% -1.97% -0.92% -0.26% 1.80%

Fidelity® VIP Investment Grade Bond Portfolio - Service Class 29 12/05/1988 -0.77% -2.58% -1.81% -0.33% -0.08% 2.30%

Janus Henderson VIT Flexible Bond Portfolio: Service Shares9 09/13/1993 -0.67% -2.70% -2.25% -1.05% -0.39% 2.90%

Lord Abbett Series Total Return Portfolio - Class VC9 04/30/2010 -0.78% -2.53% -1.81% -0.33% 0.09% 2.18%

NVIT Core Bond Fund - Class II9 03/24/2008 -0.68% -2.56% -1.45% -0.24% -0.19% 2.02%

NVIT Core Plus Bond Fund - Class II9 03/24/2008 -0.83% -2.47% -1.76% -0.55% -0.38% 2.72%

PIMCO VIT Total Return Portfolio - Advisor Class9 02/28/2006 -0.94% -2.51% -1.32% -0.30% -0.44% 2.67%

Bonds: Multisector bond

NVIT Multi Sector Bond Fund - Class I2,4,9 10/31/1997 -0.87% -1.73% 0.31% 1.22% 0.53% 3.10%

Bonds: World bond

PIMCO VIT Foreign Bond Portfolio (Unhedged) - Advisor Class2,9 03/31/2009 -2.74% 0.10% 5.23% 0.60% -0.99% 1.84%

Templeton Global Bond VIP Fund - Class 22,9 01/24/1989 0.72% 1.86% -1.11% -1.09% -1.06% 3.62%

Short-term bonds: Short-term bond

NVIT Short Term Bond Fund - Class II9 03/24/2008 -0.11% -0.73% -1.21% -0.77% -0.93% 0.15%

PIMCO VIT Low Duration Portfolio - Advisor Class9 03/31/2006 -0.47% -0.99% -1.40% -1.12% -1.24% 0.89%

Short-term bonds: Ultrashort bond

PIMCO VIT Short-Term Portfolio - Advisor Class9 09/30/2009 0.34% 0.22% 0.45% 0.17% -0.27% -0.09%

Cash: Cash

NVIT Government Money Market Fund - Class I 7-day current yield: -0.04%*1,6

11/10/1981 -0.01% -0.10% -0.90% -1.35% -1.46% -1.44%

*Current yield more closely reflects current money market fund earnings than the total return calculation.





YearThreeYears

FiveYears

10 Yearsor Since

Inception

Specialty: Equity sector

Fidelity® VIP Energy Portfolio - Service Class 25,10,15 07/19/2001 10.34% 5.09% 13.44% -1.68% -0.25% -2.66%

Janus Henderson VIT Global Technology Portfolio: Service Shares2,5 01/18/2000 -1.16% 6.11% 27.95% 18.88% 18.68% 11.67%

Morgan Stanley VIF Global Infrastructure Portfolio - Class II2,5,11 06/05/2000 1.62% -3.35% 1.02% -0.24% 3.85% 4.27%

T. Rowe Price Health Sciences Portfolio - Class II5 12/29/2000 0.13% 1.03% 11.87% 3.76% 14.93% 14.04%

Specialty: Multialternative

Guggenheim VF Multi-Hedge Strategies3,5,16 11/29/2005 0.26% -3.52% -1.81% -1.33% -0.31% -1.82%

Specialty: Real estate

Fidelity® VIP Real Estate Portfolio - Service Class 25,7 11/06/2002 1.27% -6.25% -3.97% 0.69% 2.69% 4.12%

NVIT Real Estate Fund - Class II5,7 03/24/2008 0.88% -4.96% -2.50% 0.00% 2.58% 3.32%

Asset allocation: Aggressive allocation

Franklin Founding Funds Allocation VIP Fund - Class 28,14 07/02/2007 1.83% -1.24% 4.15% 2.64% 4.78% 3.44%

NVIT CardinalSM Aggressive Fund - Class II8,14 03/27/2008 -0.02% -0.83% 10.19% 5.16% 7.60% 4.39%

NVIT CardinalSM Moderately Aggressive Fund - Class II8,14 03/27/2008 -0.01% -0.94% 8.83% 4.54% 6.59% 4.17%

NVIT Investor Destinations Aggressive Fund - Class II8,14 12/12/2001 0.48% -0.66% 9.18% 5.48% 7.34% 4.56%

NVIT Investor Destinations Moderately Aggressive Fund - Class II8,14 12/12/2001 0.39% -0.86% 7.93% 4.78% 6.31% 4.26%

Asset allocation: Conservative allocation

Franklin Income VIP Fund - Class 24,14 01/24/1989 1.27% -1.24% 3.49% 2.36% 3.38% 3.82%






YearThreeYears

FiveYears

10 Yearsor Since

Inception









Asset allocation: Moderate allocation

American Funds NVIT Asset Allocation Fund - Class II2,3,14 08/01/1989 0.00% -1.22% 6.32% 5.54% 6.63% 5.14%

BlackRock NVIT Managed Global Allocation Fund - Class II2,8,13,14 07/07/2015 -0.75% -2.32% 6.29% N/A N/A 2.76%

Fidelity® VIP Balanced Portfolio - Service Class 210,14 01/03/1995 0.06% -0.28% 7.37% 5.15% 7.17% 5.53%

NVIT CardinalSM Capital Appreciation Fund - Class II8,14 03/27/2008 -0.02% -1.07% 7.42% 3.98% 5.79% 4.02%



NVIT DFA Moderate Fund - Class II8,11,14 01/07/2013 0.28% -0.98% 6.85% 3.68% 4.94% 5.62%

NVIT Investor Destinations Capital Appreciation Fund - Class II8,14 03/24/2009 0.21% -1.03% 6.63% 4.17% 5.56% 9.09%




Asset allocation: Tactical allocation

Goldman Sachs VIT Global Trends Allocation Fund - Service Shares2,14 04/16/2012 0.46% -1.40% 5.22% 1.00% 1.92% 3.44%

PIMCO VIT All Asset Portfolio - Advisor Class2,8,14 04/30/2004 -0.11% -0.25% 6.17% 2.60% 0.99% 2.93%

Asset allocation: Target date


Fidelity® VIP Freedom Fund 2020 Portfolio - Service Class 28,12,14 04/26/2005 -0.04% -1.47% 5.99% 3.68% 4.94% 3.66%

Fidelity® VIP Freedom Fund 2030 Portfolio - Service Class 28,12,14 04/26/2005 0.24% -1.43% 8.40% 4.92% 6.58% 4.22%

Asset allocation: World allocation

BlackRock Global Allocation VI Fund - Class III2,14 11/18/2003 -0.52% -1.31% 4.88% 1.81% 3.21% 2.62%

NVIT DFA Capital Appreciation Fund - Class II2,8,14 01/07/2013 0.49% -1.11% 9.25% 4.99% 6.43% 7.21%

A. Non-standardized performance: With surrender charges (CDSC) appliedThe figures shown are based on a one-time investment of $10,000 and reflect the deduction of all applicable charges. These returns are measured from the inception date of the underlying investment options and may predate the offering of the underlying investment options in the Nationwide® separate account. Where this occurs, performance is hypothetical in that it depicts how the underlying investment options would have performed had it been available in the Nationwide separate account during the time period.

B. Standardized performance: With surrender charges (CDSC) appliedThe figures shown are based on a one-time investment of $1,000 and reflect the deduction of all applicable charges. These returns are measured from the date the underlying investment options was included in the Nationwide separate account.



Investment ChoicesA. Non-standardized Performance:

Average Annual Total Returnsas of 04/30/18

B. Standardized Performance:Average Annual Total Returns

as of 03/31/18

Underlying Investment Option InceptionDate

OneYear

FiveYears

10 Yearsor Since

Inception

OneYear

FiveYears

10 Yearsor Since

Inclusion

InclusionDate


American Funds NVIT Growth-Income Fund - Class II 03/09/1987 7.85% 10.90% 6.64% 4.72% 8.79% 4.11% 05/01/2007

Fidelity® VIP Growth & Income Portfolio - Service Class 2 12/31/1996 0.62% 8.47% 5.69% -2.75% N/A 5.87% 05/02/2016

Neuberger Berman NVIT Multi Cap Opportunities Fund - Class II3 03/24/2008 5.11% 10.43% 5.54% 2.98% 8.21% 2.26% 05/01/2008

NVIT Managed American Funds Growth-Income Fund - Class II8,13 07/08/2014 5.76% N/A 6.30% 3.10% N/A 3.10% 07/14/2014

NVIT Nationwide Fund - Class II 11/08/1982 3.70% 9.69% 5.27% 2.29% 7.71% 2.77% 11/15/2002

NVIT S&P 500 Index Fund - Class II 02/07/2000 3.94% 10.14% 6.88% 1.92% N/A 8.14% 05/01/2013

Oppenheimer Main Street Fund®/VA - Service Shares 07/13/2000 -3.54% 9.08% 6.07% -4.76% 7.10% 3.93% 11/15/2002


American Funds NVIT Growth Fund - Class II 02/08/1984 10.97% 12.49% 7.20% 8.74% 10.30% 4.55% 05/01/2006

Fidelity® VIP Growth Portfolio - Service Class 2 10/09/1986 12.72% 13.57% 7.42% 12.95% 11.48% 4.89% 11/15/2002

Neuberger Berman NVIT Socially Responsible Fund - Class II 03/24/2008 2.89% 9.44% 6.62% 0.28% 7.00% 3.49% 05/01/2008

NVIT Large Cap Growth Fund - Class II 03/24/2009 8.98% 11.68% 13.94% 8.02% 9.38% 11.22% 05/01/2009

NVIT Multi-Manager Large Cap Growth Fund - Class II 03/24/2008 10.25% 10.88% 6.58% 9.61% 8.85% 3.48% 05/01/2008


American Century NVIT Multi Cap Value Fund - Class II3 03/24/2009 -3.04% 7.63% 11.86% -7.92% 5.30% 9.47% 05/01/2009

BlackRock NVIT Equity Dividend Fund - Class II 10/31/1997 2.40% 8.37% 6.30% -1.57% 6.02% 3.61% 02/14/2003

Fidelity® VIP Equity-Income Portfolio - Service Class 2 10/09/1986 -4.31% 5.98% 4.21% -6.71% 3.91% 1.70% 11/15/2002

MFS® VIT Value Series - Service Class 01/02/2002 -1.57% 8.29% 6.07% -2.90% 6.70% 3.91% 11/15/2002

NVIT Multi-Manager Large Cap Value Fund - Class II 03/24/2008 1.01% 8.30% 5.05% -3.22% 6.14% 1.72% 05/01/2008





as of 03/31/18


OneYear

FiveYears

10 Yearsor Since

Inception

OneYear

FiveYears

10 Yearsor Since

Inclusion

InclusionDate


Dreyfus IP MidCap Stock Portfolio - Service Shares3 12/29/2000 -1.68% 8.25% 7.26% -2.73% N/A 3.23% 05/01/2014

NVIT Mid Cap Index Fund - Class I3 10/31/1997 0.66% 9.12% 7.93% -0.87% 6.93% 6.32% 05/01/2000


NVIT Multi-Manager Mid Cap Growth Fund - Class II3 03/24/2008 7.75% 9.65% 6.42% 9.74% 7.78% 3.66% 05/01/2008

Mid cap stocks: Mid-cap value

AB VPS Small/Mid Cap Value Portfolio - Class B3 05/01/2001 1.67% 9.38% 7.79% -3.21% 6.55% 5.57% 11/15/2002

American Century VP Mid Cap Value Fund - Class II3 10/29/2004 -2.61% 9.85% 8.90% -5.94% 7.67% 6.92% 05/02/2005

NVIT Multi-Manager Mid Cap Value Fund - Class II3 03/24/2008 -3.20% 9.53% 7.68% -5.88% 7.59% 4.96% 05/01/2008


NVIT Multi-Manager Small Company Fund - Class II3 02/13/2002 0.13% 9.25% 6.92% -1.42% 6.54% 4.60% 11/15/2002

NVIT Small Cap Index Fund - Class II3 04/13/2007 2.35% 9.06% 7.57% -0.02% N/A 7.25% 05/01/2013

Oppenheimer Main Street Small Cap Fund®/VA - Service Shares3 07/16/2001 -1.30% 9.23% 8.02% -2.52% 6.68% 5.97% 11/15/2002

Small cap stocks: Small-cap growth

MFS® VIT New Discovery Series - Service Class3 04/28/2000 13.22% 8.32% 9.12% 12.31% 4.93% 6.90% 05/01/2012

NVIT Multi-Manager Small Cap Growth Fund - Class II3 05/03/1999 7.57% 10.86% 7.28% 8.83% 8.53% 5.31% 11/15/2002

Wells Fargo VT Small Cap Growth Fund - Class 23 05/01/1995 13.66% 11.66% 8.92% 13.83% 8.46% 6.93% 11/15/2004


Delaware VIPT Small Cap Value - Service Class3 05/01/2000 -2.56% 8.98% 8.17% -5.59% N/A 7.21% 05/01/2013

NVIT Multi-Manager Small Cap Value Fund - Class II3 04/30/2002 -3.20% 8.12% 7.43% -6.02% 5.78% 5.24% 11/15/2002

International stocks: Emerging markets

Lazard Retirement Emerging Markets Equity Portfolio - Service Shares2,5 11/04/1997 3.42% 0.41% 0.32% 6.04% N/A -2.02% 05/01/2013

NVIT Emerging Markets Fund - Class II2,5 08/30/2000 11.65% 0.68% -2.71% 15.77% -1.72% -6.32% 11/15/2002


MFS® VIT II International Value Portfolio - Service Class2 08/23/2001 4.59% 6.93% 4.97% 5.78% 5.89% 6.69% 05/03/2010

NVIT International Equity Fund - Class II2,10 08/30/2000 6.58% 4.46% 0.40% 6.52% 2.01% -3.92% 05/01/2008

NVIT International Index Fund - Class VIII2 04/28/2006 4.44% 2.77% 0.04% 3.03% 0.76% -3.59% 05/01/2006

Putnam VT International Equity Fund - Class IB2 01/02/1997 5.92% 4.09% 0.19% 5.85% 2.43% -3.34% 05/01/2003


Fidelity® VIP Overseas Portfolio - Service Class 22 01/28/1987 4.94% 4.50% 0.70% 6.54% 2.41% -2.78% 11/15/2002





as of 03/31/18


OneYear

FiveYears

10 Yearsor Since

Inception

OneYear

FiveYears

10 Yearsor Since

Inclusion

InclusionDate


NVIT Multi-Manager International Growth Fund - Class II2,10 03/24/2008 3.11% 3.91% 2.01% 3.87% 1.81% -1.44% 05/01/2008

Oppenheimer International Growth Fund/VA - Service Shares2 03/19/2001 3.63% 4.01% 3.00% 6.20% N/A -2.17% 05/01/2014

International stocks: Foreign large value

NVIT Multi-Manager International Value Fund - Class II2 11/01/1991 6.05% 2.30% -1.70% 2.96% 0.15% -5.85% 05/01/2003

Templeton NVIT International Value Fund - Class I2 03/24/2009 4.40% 2.39% 6.72% 1.27% 0.06% 3.56% 05/01/2009


American Funds NVIT Global Growth Fund - Class II2 04/30/1997 9.02% 9.24% 5.98% 11.13% 7.47% 3.58% 05/01/2006

Oppenheimer Global Fund/VA - Service Shares2 07/13/2000 10.58% 8.41% 5.85% 11.97% 6.49% 3.44% 11/15/2002

Bonds: Emerging markets bond

PIMCO VIT Emerging Markets Bond Portfolio - Advisor Class2,5,9 03/31/2006 -7.67% -0.41% 3.72% -7.43% N/A -3.15% 04/30/2013

Bonds: Floating rate bond

Eaton Vance VT Floating-Rate Income Fund - Initial Class4,5,6,9 05/02/2001 -4.86% 0.60% 2.67% -7.44% N/A -2.34% 04/30/2013

Bonds: High yield bond

BlackRock High Yield VI Fund - Class III4,9 04/20/1982 -5.49% 1.93% 5.25% -7.58% N/A -2.81% 05/01/2015

Columbia VP High Yield Bond Fund - Class 24,9 05/03/2010 -7.03% 1.47% 4.95% N/A N/A -9.84% 05/01/2017

Federated NVIT High Income Bond Fund - Class I4,9 10/31/1997 -6.44% 1.87% 4.57% -8.58% -0.70% 2.36% 11/15/2002

Bonds: Inflation-protected bond

American Century VP Inflation Protection Fund - Class II6,9 12/31/2002 -8.24% -2.88% 1.15% -10.10% -5.80% -1.83% 12/31/2002

Bonds: Intermediate government bond

NVIT Government Bond Fund - Class I6,9 11/08/1982 -9.44% -2.29% 0.79% -10.65% -4.94% -2.02% 01/02/1985

Bonds: Intermediate-term bond

American Funds NVIT Bond Fund - Class II9 01/02/1996 -9.22% -1.49% 0.63% -10.43% -4.03% -2.14% 05/01/2006

BlackRock Total Return VI Fund - Class III9 04/20/1982 -8.83% -1.07% 1.80% -10.09% N/A -5.47% 05/01/2015

Fidelity® VIP Investment Grade Bond Portfolio - Service Class 29 12/05/1988 -8.69% -0.89% 2.30% -9.91% -3.41% -0.32% 11/15/2002

Janus Henderson VIT Flexible Bond Portfolio: Service Shares9 09/13/1993 -9.09% -1.20% 2.90% -10.36% N/A -5.68% 05/01/2015

Lord Abbett Series Total Return Portfolio - Class VC9 04/30/2010 -8.68% -0.72% 2.18% -9.89% N/A -6.56% 05/02/2016

NVIT Core Bond Fund - Class II9 03/24/2008 -8.35% -1.00% 2.02% -9.63% -3.58% -0.60% 05/01/2008

NVIT Core Plus Bond Fund - Class II9 03/24/2008 -8.64% -1.19% 2.72% -9.81% -3.73% 0.29% 05/01/2008

PIMCO VIT Total Return Portfolio - Advisor Class9 02/28/2006 -8.23% -1.25% 2.67% -9.19% -3.76% -2.06% 05/02/2011

Bonds: Multisector bond

NVIT Multi Sector Bond Fund - Class I2,4,9 10/31/1997 -6.69% -0.26% 3.10% -7.58% -2.68% 0.62% 05/01/2000





as of 03/31/18


OneYear

FiveYears

10 Yearsor Since

Inception

OneYear

FiveYears

10 Yearsor Since

Inclusion

InclusionDate

Bonds: World bond

PIMCO VIT Foreign Bond Portfolio (Unhedged) - Advisor Class2,9 03/31/2009 -1.77% -1.80% 1.81% -0.82% -4.21% -0.38% 05/01/2009

Templeton Global Bond VIP Fund - Class 22,9 01/24/1989 -8.04% -1.87% 3.62% -11.73% N/A -5.05% 05/01/2013

Short-term bonds: Short-term bond

NVIT Short Term Bond Fund - Class II9 03/24/2008 -8.13% -1.73% 0.15% -10.27% -4.63% -2.89% 05/01/2008

PIMCO VIT Low Duration Portfolio - Advisor Class9 03/31/2006 -8.30% -2.05% 0.89% -10.25% -4.81% -1.52% 05/01/2009

Short-term bonds: Ultrashort bond

PIMCO VIT Short-Term Portfolio - Advisor Class9 09/30/2009 -6.55% -1.08% -0.13% -9.28% N/A -5.75% 04/29/2016

Cash: Cash

NVIT Government Money Market Fund - Class I 7-day current yield: -0.04%*1,6

11/10/1981 -7.84% -2.26% -1.44% -10.40% -5.24% -4.83% 01/02/1985

Specialty: Equity sector

Fidelity® VIP Energy Portfolio - Service Class 25,10,15 07/19/2001 6.44% -1.07% -2.66% -11.68% -6.32% -7.03% 05/02/2005

Janus Henderson VIT Global Technology Portfolio: Service Shares2,5 01/18/2000 20.95% 18.28% 11.67% 25.40% 16.46% 10.52% 05/01/2000

Morgan Stanley VIF Global Infrastructure Portfolio - Class II2,5,11 06/05/2000 -5.98% 3.15% 4.27% -7.77% N/A -5.80% 05/01/2015

T. Rowe Price Health Sciences Portfolio - Class II5 12/29/2000 4.87% 14.47% 14.04% 4.45% 13.21% 15.57% 05/03/2010

Specialty: Multialternative

Guggenheim VF Multi-Hedge Strategies3,5,16 11/29/2005 -8.68% -1.12% -1.82% -10.84% N/A -4.12% 05/01/2013

Specialty: Real estate

Fidelity® VIP Real Estate Portfolio - Service Class 25,7 11/06/2002 -10.69% 1.96% 4.12% -14.65% N/A -0.81% 05/01/2013

NVIT Real Estate Fund - Class II5,7 03/24/2008 -9.33% 1.85% 3.32% -12.30% 0.10% -0.18% 05/01/2008


Franklin Founding Funds Allocation VIP Fund - Class 28,14 07/02/2007 -2.85% 4.11% 3.44% -6.97% 1.67% 0.08% 05/01/2008

NVIT CardinalSM Aggressive Fund - Class II8,14 03/27/2008 3.19% 6.99% 4.39% 1.76% 4.94% 1.15% 05/01/2008

*Current yield more closely reflects current money market fund earnings than the total return calculation.





as of 03/31/18


OneYear

FiveYears

10 Yearsor Since

Inception

OneYear

FiveYears

10 Yearsor Since

Inclusion

InclusionDate


NVIT CardinalSM Moderately Aggressive Fund - Class II8,14 03/27/2008 1.83% 5.96% 4.17% 0.28% 3.77% 1.07% 05/01/2008

NVIT Investor Destinations Aggressive Fund - Class II8,14 12/12/2001 2.18% 6.73% 4.56% 0.33% 4.60% 2.02% 01/25/2002

NVIT Investor Destinations Moderately Aggressive Fund - Class II8,14 12/12/2001 0.93% 5.67% 4.26% -0.96% 3.45% 1.73% 01/25/2002


Franklin Income VIP Fund - Class 24,14 01/24/1989 -3.51% 2.67% 3.82% -7.51% 0.13% 1.52% 05/01/2006

NVIT CardinalSM Balanced Fund - Class II8,14 03/27/2008 -2.26% 3.29% 3.34% -4.00% 0.87% 0.42% 05/01/2008

NVIT CardinalSM Conservative Fund - Class II8,14 03/27/2008 -6.11% 0.43% 2.01% -7.83% -2.16% -0.82% 05/01/2008

NVIT CardinalSM Managed Growth & Income Fund - Class II8,11,13,14 04/30/2013 -1.81% 2.39% 2.39% -3.10% N/A -0.17% 05/01/2013

NVIT CardinalSM Moderately Conservative Fund - Class II8,14 03/27/2008 -3.50% 2.35% 2.96% -5.32% -0.12% 0.09% 05/01/2008

NVIT Investor Destinations Balanced Fund - Class II8,14 03/24/2009 -2.73% 3.16% 6.70% -4.54% 0.72% 4.01% 05/01/2009

NVIT Investor Destinations Conservative Fund - Class II8,14 12/12/2001 -6.07% 0.62% 1.76% -7.98% -1.98% -0.98% 01/25/2002

NVIT Investor Destinations Managed Growth & Income Fund - Class II8,13,14 04/30/2013 -2.21% 2.27% 2.27% -3.64% N/A -0.36% 05/01/2013

NVIT Investor Destinations Moderately Conservative Fund - Class II8,14 12/12/2001 -3.92% 2.36% 2.86% -5.78% -0.11% 0.26% 01/25/2002


American Funds NVIT Asset Allocation Fund - Class II2,3,14 08/01/1989 -0.68% 6.00% 5.14% -2.59% 3.91% 2.76% 05/01/2006

BlackRock NVIT Managed Global Allocation Fund - Class II2,8,13,14 07/07/2015 -0.71% N/A 0.59% -1.00% N/A -2.67% 07/13/2015

Fidelity® VIP Balanced Portfolio - Service Class 210,14 01/03/1995 0.37% 6.56% 5.53% -1.24% N/A 3.10% 05/02/2016

NVIT CardinalSM Capital Appreciation Fund - Class II8,14 03/27/2008 0.42% 5.14% 4.02% -1.26% 2.90% 0.98% 05/01/2008

NVIT CardinalSM Managed Growth Fund - Class II8,11,13,14 04/30/2013 -0.17% 2.91% 2.91% -1.35% N/A 0.38% 05/01/2013

NVIT CardinalSM Moderate Fund - Class II8,14 03/27/2008 -0.90% 4.25% 3.70% -2.61% 1.91% 0.74% 05/01/2008

NVIT DFA Moderate Fund - Class II8,11,14 01/07/2013 -0.15% 4.27% 5.12% -2.19% N/A 1.76% 05/01/2013

NVIT Investor Destinations Capital Appreciation Fund - Class II8,14 03/24/2009 -0.37% 4.91% 9.07% -2.20% 2.64% 6.35% 05/01/2009

NVIT Investor Destinations Managed Growth Fund - Class II8,11,13,14 04/30/2013 -0.82% 2.85% 2.85% -2.07% N/A 0.27% 05/01/2013

NVIT Investor Destinations Moderate Fund - Class II8,14 12/12/2001 -1.62% 4.12% 3.70% -3.41% 1.79% 1.17% 01/25/2002

NVIT Managed American Funds Asset Allocation Fund - Class II8,13,14 07/08/2014 -0.82% N/A 2.66% -2.33% N/A -0.34% 07/14/2014

Asset allocation: Tactical allocation

Goldman Sachs VIT Global Trends Allocation Fund - Service Shares2,14 04/16/2012 -1.78% 1.17% 3.11% -4.17% -0.94% 0.18% 05/01/2012

PIMCO VIT All Asset Portfolio - Advisor Class2,8,14 04/30/2004 -0.83% 0.20% 2.93% -3.11% -2.39% -1.06% 05/01/2012


Fidelity® VIP Freedom Fund 2010 Portfolio - Service Class 28,12 04/26/2005 -2.85% 3.11% 3.41% -4.03% 0.73% 0.87% 05/02/2005

Fidelity® VIP Freedom Fund 2020 Portfolio - Service Class 28,12,14 04/26/2005 -1.01% 4.27% 3.66% -1.87% 1.97% 1.12% 05/02/2005





as of 03/31/18


OneYear

FiveYears

10 Yearsor Since

Inception

OneYear

FiveYears

10 Yearsor Since

Inclusion

InclusionDate


Fidelity® VIP Freedom Fund 2030 Portfolio - Service Class 28,12,14 04/26/2005 1.40% 5.95% 4.22% 0.64% 3.74% 1.67% 05/02/2005

Asset allocation: World allocation

BlackRock Global Allocation VI Fund - Class III2,14 11/18/2003 -2.12% 2.50% 2.62% -3.09% 0.31% 3.81% 05/01/2009

NVIT DFA Capital Appreciation Fund - Class II2,8,14 01/07/2013 2.25% 5.80% 6.75% 0.07% N/A 3.41% 05/01/2013

Non-standardized performance: Without surrender charges (CDSC) appliedThe figures shown are calculated based on a one-time investment of $10,000 and reflect the deduction of all applicable charges, except for surrender charges (CDSC). These returns are measured from the inception date of the fund and may predate the offering of the fund in the Nationwide® separate account. Where this occurs, the performance is hypothetical in that it depicts how the underlying investment options would have performed had it been available in the Nationwide separate account during the time period. Year-to-date returns are shown only for underlying investment options incepted on or before December 31 of the previous year.


Walled-off and closed underlying investment optionsNationwide DestinationSM Navigator 2.0


Underlying Investment Option Status InceptionDate Month YTD One

YearThreeYears

FiveYears

10 Yearsor Since

Inception


Dreyfus Stock Index Fund, Inc. - Service Shares Walled Off 12/29/2000 0.23% -0.97% 10.94% 8.31% 10.70% 6.81%

Dreyfus VIF Appreciation Portfolio - Service Shares Walled Off 12/29/2000 -0.64% -2.90% 10.82% 6.70% 7.27% 5.97%


Janus Henderson VIT Forty Portfolio: Service Shares Walled Off 05/01/1997 0.06% 4.72% 17.43% 11.30% 13.80% 6.36%


BlackRock Equity Dividend VI Fund - Class III Walled Off 07/01/1993 1.73% -1.36% 9.46% 8.31% 8.58% 4.60%


Invesco VI Mid Cap Core Equity Fund - Series II3 Walled Off 09/10/2001 -1.77% -3.96% 2.64% 3.61% 5.91% 4.27%


Fidelity® VIP Mid Cap Portfolio - Service Class 23 Walled Off 12/28/1998 0.29% 0.26% 12.20% 7.17% 10.03% 6.79%

Rational Catalyst Insider Buying VA Fund3 Walled Off 05/03/2004 -0.61% 0.72% 10.70% 4.75% 6.03% 6.17%


Dreyfus IP Small Cap Stock Index Portfolio - Service Shares3 Walled Off 05/01/2002 0.89% 1.03% 10.29% 9.56% 11.51% 8.87%


Franklin VIPT Small Cap Value VIP Fund - Class 23 Walled Off 04/30/1998 0.19% -2.10% 5.66% 7.53% 8.91% 6.84%


Janus Henderson VIT Overseas Portfolio: Service Shares2 Walled Off 05/02/1994 0.94% 2.28% 15.83% -0.16% 0.44% -2.44%


Northern Lights VT TOPS Managed Risk Growth ETF Portfolio - Class 48,13,14 Walled Off 05/01/2012 -0.44% -3.05% 6.37% 0.51% 1.79% 3.05%


AB VPS Dynamic Asset Allocation Portfolio - Class B2,14 Walled Off 04/01/2011 -0.11% -1.59% 5.29% 1.86% 3.13% 3.39%



Underlying Investment Option Status InceptionDate Month YTD One

YearThreeYears

FiveYears

10 Yearsor Since

Inception


Northern Lights VT TOPS Managed Risk Balanced ETF Portfolio - Class 48,13,14 Walled Off 05/01/2012 -0.45% -2.26% 2.78% 0.45% 1.20% 2.00%


American Funds Insurance Series® Managed Risk Asset Allocation Fund - Class P22,3,8,13,14

Walled Off 09/28/2012 -0.41% -2.27% 4.71% 3.82% 4.73% 5.92%

Northern Lights VT TOPS Managed Risk Moderate Growth ETF Portfolio - Class 48,13,14

Walled Off 05/01/2012 -0.44% -2.49% 4.73% 0.57% 1.89% 2.89%

A. Non-standardized performance: With surrender charges (CDSC) appliedThe figures shown are based on a one-time investment of $10,000 and reflect the deduction of all applicable charges. These returns are measured from the inception date of the underlying investment options and may predate the offering of the underlying investment options in the Nationwide® separate account. Where this occurs, performance is hypothetical in that it depicts how the underlying investment options would have performed had it been available in the Nationwide separate account during the time period.

B. Standardized performance: With surrender charges (CDSC) appliedThe figures shown are based on a one-time investment of $1,000 and reflect the deduction of all applicable charges. These returns are measured from the date the underlying investment options was included in the Nationwide separate account.






as of 03/31/18

Underlying Investment Option Status InceptionDate

OneYear

FiveYears

10 Yearsor Since

Inception

OneYear

FiveYears

10 Yearsor Since

Inclusion

InclusionDate


Dreyfus Stock Index Fund, Inc. - Service Shares Walled Off 12/29/2000 3.94% 10.16% 6.81% 1.95% 8.18% 4.47% 11/15/2002

Dreyfus VIF Appreciation Portfolio - Service Shares Walled Off 12/29/2000 3.82% 6.66% 5.97% 3.91% 4.76% 3.58% 11/15/2002


Janus Henderson VIT Forty Portfolio: Service Shares Walled Off 05/01/1997 10.43% 13.32% 6.36% 11.72% 11.59% 4.10% 05/01/2000


BlackRock Equity Dividend VI Fund - Class III Walled Off 07/01/1993 2.46% 8.00% 4.60% -1.46% N/A 2.93% 05/01/2015


Invesco VI Mid Cap Core Equity Fund - Series II3 Walled Off 09/10/2001 -4.36% 5.27% 4.27% -3.80% 3.19% 4.24% 05/01/2012


Fidelity® VIP Mid Cap Portfolio - Service Class 23 Walled Off 12/28/1998 5.20% 9.48% 6.79% 3.23% 6.94% 4.62% 11/15/2002

Rational Catalyst Insider Buying VA Fund3 Walled Off 05/03/2004 3.70% 5.39% 6.17% 3.81% 2.04% 7.20% 11/01/2010


Dreyfus IP Small Cap Stock Index Portfolio - Service Shares3 Walled Off 05/01/2002 3.29% 10.99% 8.87% 0.47% 8.37% 6.70% 05/01/2002


Franklin VIPT Small Cap Value VIP Fund - Class 23 Walled Off 04/30/1998 -1.34% 8.34% 6.84% -2.43% 5.47% 4.61% 11/15/2002


Janus Henderson VIT Overseas Portfolio: Service Shares2 Walled Off 05/02/1994 8.83% -0.36% -2.44% 8.59% -2.65% -5.53% 05/01/2000


Northern Lights VT TOPS Managed Risk Growth ETF Portfolio - Class 48,13,14 Walled Off 05/01/2012 -0.63% 1.04% 2.57% -1.93% -1.47% 0.00% 11/02/2012


AB VPS Dynamic Asset Allocation Portfolio - Class B2,14 Walled Off 04/01/2011 -1.71% 2.42% 3.35% -3.08% 0.17% 0.80% 05/01/2012





as of 03/31/18

Underlying Investment Option Status InceptionDate

OneYear

FiveYears

10 Yearsor Since

Inception

OneYear

FiveYears

10 Yearsor Since

Inclusion

InclusionDate


Northern Lights VT TOPS Managed Risk Balanced ETF Portfolio - Class 48,13,14 Walled Off 05/01/2012 -4.22% 0.42% 1.49% -5.83% -2.08% -1.39% 11/02/2012


American Funds Insurance Series® Managed Risk Asset Allocation Fund - Class P22,3,8,13,14

Walled Off 09/28/2012 -2.29% 4.05% 5.46% -3.83% 1.89% 3.07% 11/02/2012

Northern Lights VT TOPS Managed Risk Moderate Growth ETF Portfolio - Class 48,13,14

Walled Off 05/01/2012 -2.27% 1.14% 2.40% -3.70% -1.34% -0.11% 11/02/2012

Understanding Risks

Here's a list of some of the risks associated with the variable annuity underlying investment choices. For specific risks related to each investment, see the prospectus.

1. Money market funds: Funds are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although they seek to preserve the value of the investment at $1.00 per share, it’s possible to lose money by investing in the fund. The fund may impose a fee upon sale of shares or temporarily suspend the ability to sell shares if the fund's liquidity falls below required minimums because of market conditions or other factors.

2. International/emerging markets funds: Funds that invest internationally involve risks not associated with investing solely in the United States, such as currency fluctuation, political risk, differences in accounting and the limited availability of information.

3. Small-/Mid-cap funds: Funds investing in stocks of small-cap, mid-cap or emerging companies may have less liquidity than those investing in larger, established companies and may be subject to greater price volatility and risk than the overall stock market.

4. High-yield funds: Funds that invest in high-yield securities are subject to greater credit risk, liquidity risk, and price fluctuations than funds that invest in higher-quality securities. The prices of high-yield bonds tend to be more sensitive to adverse economic and business conditions than are higher-rated corporate bonds. Increased volatility may reduce the market value of high-yield bonds. They are also subject to the claims-paying ability of the issuing company.

5. Nondiversified funds: Funds that invest in a concentrated sector or focus on a relatively small number of securities may be subject to greater volatility than a more diversified investment.

6. Government funds: While the funds invest primarily in the securities of the U.S. government and its agencies, the values are not guaranteed by these entities.

7. Real estate funds: Funds that focus on real estate investing are sensitive to economic and business cycles, changing demographic patterns and government actions.

8. Fund-of-funds: Designed to provide diversification and asset allocation across several types of investments and asset classes, primarily by investing in underlying funds. Therefore, in addition to the expenses of the portfolio, you are indirectly paying a proportionate share of the applicable fees and expenses of the underlying funds.

9. Bond funds: These funds have the same interest rate, inflation and credit risks associated with the underlying bonds owned by the fund. Interest rate risk is the possibility of a change in the value of a bond due to changing interest rates. Inflation risk arises from the decline in value of cash flows due to loss of purchasing power. Credit risk is the potential loss on an investment based on the bond issuer's failure to repay on the amount borrowed.

10. A short-term trading fee may apply for exchanges made within 60 days of original allocation to this fund. Please refer to the prospectus for details.

11. For six trades occurring within a calendar quarter, Nationwide will issue a warning letter. If there are more than 11 trades in two consecutive quarters or 20 trades occurring within a calendar year involving limited transfer funds, Nationwide may limit contract owner to submitting transfer requests involving limited transfer funds via U.S. mail on a Nationwide-issued form. See prospectus for more details.

12. Target Date/Maturity funds: For products that do include Target Date/Maturity funds please keep in mind that like other funds, target date funds are subject to market risk and loss. Loss of principal can occur at any time, including before, at or after the target date. There is no guarantee that target date funds will provide enough income for retirement.

13. Managed volatility funds: Funds that are designed to offer traditional long-term investments blended with a strategy that seeks to mitigate risk and manage portfolio volatility. These funds may not be successful in reducing volatility, and it is possible that the funds' volatility management strategies could result in losses greater than if the funds did not use such strategies.

14. Asset allocation funds: These funds may invest across multiple asset classes including, but not limited to, domestic and foreign stocks, bonds, and cash. The use of diversification and asset allocation as a part of an overall investment strategy does not assure a profit or protect against loss in declining market.

15. Commodities/Natural resources: Specific uncertainties associated with commodities and natural resources investing include changes in supply-and-demand relationships due to environmental, economic and political factors, which may cause increased volatility and decreased liquidity.

16. These funds may provide less common return patterns than traditional equity or fixed income. These funds incorporate investment strategies that may increase or decrease volatility due to the fund's use of options or futures. Leveraged exposure can result in accelerated losses as well as accelerated gains, depending on how the market moves.

Contract/Policy numbers: All state variations of: VAC-0120AO; In OK: VAC-0120OKPP.1

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investment and life insurance needs. Working with him or her, you can

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your financial goals. For more information, visit nationwide.com.

This material is not a recommendation to buy, sell, hold or rollover any asset, adopt an investment strategy, retain a specific investment manager or use a particular account type. It does not take into account the specific investment objectives, tax and financial condition, or particular needs of any specific person. Investors should work with their financial professional to discuss their specific situation.

Issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio. The general distributor is Nationwide Investment Services Corporation, member FINRA.

Nationwide Funds distributed by Nationwide Fund Distributors LLC (NFD), member FINRA, King of Prussia, Pa. NFD is not affiliated with any subadviser contracted by Nationwide Fund Advisors (NFA), with the exception of Nationwide Asset Management, LLC (NWAM).

For the specific contract number, please refer to the variable annuity investment choices performance report inside.

Nationwide, Nationwide is on your side and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. Nationwide Destination, The Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture and Nationwide Lifetime Income Track are service marks of Nationwide Mutual Insurance Company.

© 2018 Nationwide Mutual Insurance Company

VAX-0317AO-0418

• Not a deposit • Not FDIC or NCUSIF insured • Not guaranteed by the institution • Not insured by any federal government agency • May lose value

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