Nationwide Fund Advisors One Nationwide Plaza Mail Code 5-02-210 Columbus, Ohio 43215
EX-28.h.32
Nationwide Fund Advisors
One Nationwide Plaza
Mail Code 5-02-210
Columbus, Ohio 43215
March 18, 2020
Nationwide Variable Insurance Trust
One Nationwide Plaza
Mail Code 5-02-210
Columbus, Ohio 43215
| Re: | Investment Advisory Fee Waiver |
Ladies and Gentlemen:
By our execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, Nationwide Fund Advisors (“NFA”) agrees that, with respect to the NVIT Government Money Market Fund, a series of Nationwide Variable Insurance Trust, NFA shall waive all or a portion of the Investment Advisory Fee to which it otherwise would be entitled in an amount that may vary in order to ensure that each class of the NVIT Government Money Market Fund maintains each day a stable net asset value per share of $1.00, for the period from the date of this Agreement through April 30, 2021. NFA acknowledges that NFA shall not be entitled to collect on, or make a claim for, waived fees at any time in the future.
| Nationwide Fund Advisors | ||
| By: | /s/ ▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | |
| Name: | ▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | |
| Title: | Senior Vice President |
Your signature below acknowledges
acceptance of this Agreement:
| Nationwide Variable Insurance Trust | ||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇ | |
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇ | |
| Title: | Assistant Secretary | |
| Date: | March 18, 2020 |