Nationwide Fund Distributors LLC

Exhibit EX-28.h.23

Nationwide Fund Distributors LLC

0000 Xxxxxxxxxxx Xxxxx, Xxxxx 000

Xxxx xx Xxxxxxx, XX 00000

May 1, 2015

Nationwide Variable Insurance Trust

0000 Xxxxxxxxxxx Xxxxx, Xxxxx 000

Xxxx xx Xxxxxxx, Xxxxxxxxxxxx 00000

Re: 12b-1 Fee Waiver

Ladies and Gentlemen:

By our execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, Nationwide Fund Distributors LLC (the “Distributor”) agrees that, with respect to the BlackRock NVIT Managed Global Allocation Fund (the “Fund”), which is a series of Nationwide Variable Insurance Trust, the Distributor shall waive the Rule 12b-1 fee for the Class II Shares of the Fund in an annual amount equal to 0.25%, for the period from the date of this Agreement through April 30, 2016. The Distributor acknowledges that it shall not be entitled to collect on, or make a claim for, waived fees at any time in the future.

Nationwide Fund Distributors LLC
By:		/s/ Xxx X. Xxxxxxxx
		Name: Xxx X. Xxxxxxxx
		Title: Senior Vice President

Your signature below acknowledges

acceptance of this Agreement:

Nationwide Variable Insurance Trust

By:		/s/ Xxxxx X. Xxxxx
		Name: Xxxxx X. Xxxxx
		Title: Assistant Secretary
		Date: May 1, 2015