AMENDMENT TO SUBADVISORY AGREEMENT
Exhibit 23(d)(2)(h)(i)
AMENDMENT
TO
WHEREAS, Nationwide Variable Insurance Trust (the “Trust”), Nationwide Fund Advisors (the
“Adviser”) and X.X. Xxxxxx Investment Management Inc. (the “Subadviser”) have entered into a
Subadvisory Agreement dated May 1, 2007 (the “Agreement”);
WHEREAS, the Trust, the Adviser and the Subadviser would like to amend the Agreement;
NOW THEREFORE, the Agreement is hereby amended as follows:
1. By adding the following provisions as Paragraphs 24 and 25 of the Agreement:
24. Delegation. Subadviser may, upon prior written notification to the Adviser, employ at
the Subadviser’s own expense, an affiliate or a third party to perform any non-investment advisory
services, (within the meaning of the Investment Company Act, of 1940, as amended) including those
specific accounting, administrative, reporting, operational and ancillary services as set forth on
attached Exhibit B, as required to enable Subadviser to perform its functions under the Agreement
which services the Adviser has delegated to the Subadviser under the Agreement. Subadviser shall
at all times remain responsible for the provision of such services so delegated and shall notify
the Adviser if there is a significant disruption in the services provided by the Subadviser through
its delegate which would affect the Fund’s operation or its compliance with its policies. The
Subadviser hereby notifies the Adviser that the Sub-Adviser’s London Branch has engaged the Bank of
New York to perform the services listed on Exhibit B attached hereto and effective 2009 Subadviser
will engage its affiliate, JPMorgan Chase Bank, N.A. to perform these services.
Notwithstanding any other provision of the Agreement, Subadviser may provide information about
the Fund to any such affiliate or other third party solely for the purpose of providing the
services contemplated under this clause. Subadviser will act in good faith in the selection, use
and monitoring of affiliates and other third parties, and any delegation hereunder shall not
relieve Subadviser of any of its obligations under the Agreement.
25. Confidentiality. Notwithstanding the provisions of Paragraph 15 of the Agreement, to
the extent that any market counterparty with whom the Subadviser deals requires information
relating to the Fund (including, but not limited to, the identity of the Fund and market value of
the Fund), Subadviser shall be permitted to disclose such information to the extent necessary to
effect transactions on behalf of the Fund in accordance with the terms of the Agreement.
2. By replacing Exhibit A attached to the Agreement with Exhibit A attached hereto.
IN WITNESS WHEREOF, the undersigned have executed this Amendment effective February 7, 2008.
X.X. XXXXXX INVESTMENT INC. MANAGEMENT | NATIONWIDE VARIABLE INSURANCE TRUST |
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By:
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/s/ Xxxxxxxx X. Azva | By: | /s/ Xxxxx X. Xxxxx | |||||||
Name:
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Xxxxxxxx X. Azva | Name: | Xxxxx X. Xxxxx | |||||||
Title:
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Vice President | Title: | Assistant Secretary | |||||||
NATIONWIDE FUND ADVISORS | ||||||||||
By:
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/s/ Xxx X. Xxxxxxxx | |||||||||
Name:
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Xxx X. Xxxxxxxx | |||||||||
Title:
|
SVP |
EXHIBIT A
SUBADVISORY AGREEMENT
BETWEEN
NATIONWIDE VARIABLE INSURANCE TRUST
NATIONWIDE FUND ADVISORS
and
X.X. XXXXXX INVESTMENT MANAGEMENT INC.
SUBADVISORY AGREEMENT
BETWEEN
NATIONWIDE VARIABLE INSURANCE TRUST
NATIONWIDE FUND ADVISORS
and
X.X. XXXXXX INVESTMENT MANAGEMENT INC.
Effective February 7, 2008
Funds of the Trust | Subadvisory Fees | |
JPMorgan NVIT Balanced Fund
|
0.35% on Subadviser Assets up to $100 million | |
0.30% on Subadviser Assets of $100 million and more | ||
Nationwide Multi-Manager NVIT
Small Cap Value Fund
|
0.50% on Subadviser Assets of up to $200 million | |
(to be renamed NVIT Multi-Manager Small Cap Value Fund, effective May 1, 2008) |
0.45% on Subadviser Assets of $200 million and more | |
NVIT International Value Fund (to be renamed NVIT Multi-Manager International Value Fund, effective May 1, 2008) |
0.40% on Subadviser Assets of up to $500 million | |
0.35% on Subadviser Assets of $500 million and more |
Exhibit B
Functions Outsourced by X.X. Xxxxxx Investment Management Inc., London
Branch to the Bank of New York and as of 2009 to JPMorgan Chase Bank, N.A.
Branch to the Bank of New York and as of 2009 to JPMorgan Chase Bank, N.A.
Portfolio Accounting
Income Processing
Cash Reconciliations
Trade Operations (Settlements, Investigations of Failed Trades, etc.)
Relationships with Clients’ Custodians
Corporate Actions
Monthly Valuation Reporting
Income Processing
Cash Reconciliations
Trade Operations (Settlements, Investigations of Failed Trades, etc.)
Relationships with Clients’ Custodians
Corporate Actions
Monthly Valuation Reporting