NVIT Victory Mid Cap Value Fund
Nationwide Variable Insurance Trust
Expense ratio
Net assets1
$447.32M
Holdings1
79
Category
US Equity
Return

Investment objective & strategy

As of April 17, 2025 · prospectus

Objective. The NVIT Victory Mid Cap Value Fund seeks long-term capital appreciation.

Strategy. Under normal conditions, the Fund invests at least 80% of its net assets in equity securities issued by mid-cap companies. The Fund employs a value style of investing, which means investing in equity securities that the Funds subadviser believes to be trading at prices that do not reflect a companys intrinsic value. Companies issuing such securities may be currently out of favor, undervalued due to market declines, or experiencing poor operating conditions that the subadviser believes to be temporary. The Fund may invest in stocks of mid-cap companies that are located outside the United States. It may invest in any economic sector and, at times, emphasize one or more particular sectors. The subadviser invests in companies that it believes to … Under normal conditions, the Fund invests at least 80% of its net assets in equity securities issued by mid-cap companies. The Fund employs a value style of investing, which means investing in equity securities that the Funds subadviser believes to be trading at prices that do not reflect a companys intrinsic value. Companies issuing such securities may be currently out of favor, undervalued due to market declines, or experiencing poor operating conditions that the subadviser believes to be temporary. The Fund may invest in stocks of mid-cap companies that are located outside the United States. It may invest in any economic sector and, at times, emphasize one or more particular sectors. The subadviser invests in companies that it believes to be of high quality based on criteria such as market share position, profitability, balance sheet strength, competitive advantages, management competence and the ability to generate excess cash flow. The subadviser uses a bottom-up investment process in conducting fundamental analysis to identify companies that have sustainable returns trading below the subadvisers assessment of intrinsic value and prospects for an inflection in business fundamentals that will enable the stock price to be revalued higher. The subadviser may sell a security if it believes the stock has reached its fair value estimate, if a more attractive opportunity is identified, or if the fundamentals of the company deteriorate.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
LABCORP HOLDINGS INC $11.29M 2.52%
SOLD ZAR/BOUGHT USD $11.00M 2.46%
US FOODS HOLDING CORP $10.95M 2.45%
ALLIANT ENERGY CORPORATION $10.30M 2.30%
VERTIV HOLDINGS CO $10.00M 2.24%
PACKAGING CORP OF AMERICA $8.71M 1.95%
CSX CORP $8.58M 1.92%
CMS ENERGY CORP $8.29M 1.85%
DEVON ENERGY CORP $8.10M 1.81%
RPM INTL INC $8.02M 1.79%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
12
Exited
12
Increased
31
Decreased
35
Unchanged
1

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

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Advisers

As of December 31, 2025 · N-CEN
FirmRole
Victory Capital Management Inc. Sub-adviser
Nationwide Fund Advisors Adviser

Footnotes

  1. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.

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