NVIT Multi-Manager Mid Cap Growth Fund
Data updated: 2026-08-26
C000059816 — NVIT Multi-Manager Mid Cap Growth Fund. United States Mid Cap Growth Equity · $496.18M AUM. Holdings, fees, performance and SEC filings.
C000059816 Fund Overview
NVIT Multi-Manager Mid Cap Growth Fund is a US mutual fund managed by Nationwide Variable Insurance Trust, categorised as United States Mid Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Nationwide Variable Insurance Trust
- Category: United States Mid Cap Growth Equity
- Assets under management: $496.18M
- SEC CIK: 0000353905
- SEC series ID: S000021036
- Share class ID: C000059816
C000059816 Investment Objective and Strategy
NVIT Multi-Manager Mid Cap Growth Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Nationwide Variable Insurance Trust.
Investment objective
The NVIT Allspring Discovery Fund seeks long-term capital growth.
Principal investment strategy
Under normal conditions, the Fund invests at least 80% of its net assets in equity securities issued by small- and medium-sized companies. For these purposes, small- and medium-sized companies are companies with market capitalizations at the time of purchase equal to or lower than the company with the largest capitalization in the Russell Midcap Index, which was approximately $83.5 billion as of December 31, 2025. The Fund uses a growth style of investing. In other words, the Fund seeks companies whose earnings are expected to grow consistently faster than those of other companies. Equity securities in which the Fund invests are primarily common stock. The Fund may also invest in equity securities of companies that are located outside the United States. The subadviser seeks to identify companies that have the prospect for strong sales and earnings growth rates, that enjoy a competitive advantage (for example, dominant market share) and that the subadviser believes have effective management with a history of making investments that are in the best interests of shareholders (for example, companies with a history of earnings and sales growth that are in excess of total asset growth).
Furthermore, the subadviser seeks to identify companies that embrace innovation and foster disruption using technology to maximize efficiencies, gain pricing advantages, and take market share from competitors. The subadviser views innovative companies as those that, among other characteristics, have the ability to advance new products or services through investment in research and development, that operate a business model that is displacing legacy industry incumbents, that are pursuing a large unmet need or total available market, and/or that are benefiting from changes in demographic, lifestyle, or environmental trends. The subadviser believes innovation found in companies on the right side of change is often mispriced in todays public equity markets and is a frequent signal or anomaly that the subadviser seeks to exploit through its investment process.
The subadviser pays particular attention to how management teams allocate capital in order to drive future cash flow. Price objectives are determined based on industry-specific valuation methodologies, including relative price-to-earnings multiples, price-to-book value, operating profit margin trends, enterprise value to EBITDA (earnings before interest, taxes, depreciation and amortization) and free cash flow yield. In addition to meeting with management, the subadviser takes a surround the company approach by surveying a company's vendors, distributors, competitors and customers to obtain multiple perspectives that help the subadviser make better investment decisions. Portfolio holdings are continuously monitored for changes in fundamentals. The team seeks a favorable risk/reward relationship to fair valuation, which the subadviser defines as the value of the company (i.e., its price target for the stock) relative to where the stock is currently trading.
The subadviser may invest in any sector, and at times it may emphasize one or more particular sectors. The subadviser may choose to sell a holding when it no longer offers favorable growth prospects, reaches its target price, or to take advantage of a better investment opportunity.
C000059816 Holdings
Top 10 holdings of NVIT Multi-Manager Mid Cap Growth Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Carpenter Technology Corp. | 2.99% |
| Guardant Health, Inc. | 2.51% |
| MACOM Technology Solutions Holdings, Inc. | 2.49% |
| Viavi Solutions, Inc. | 2.49% |
| Affirm Holdings, Inc. | 2.33% |
| Modine Manufacturing Co. | 2.18% |
| Novanta, Inc. | 2.05% |
| Xometry, Inc. | 2.01% |
| Talen Energy Corp. | 1.99% |
| Casella Waste Systems, Inc. | 1.96% |
C000059816 Portfolio Allocation
Asset-class allocation of NVIT Multi-Manager Mid Cap Growth Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.6% |
| Cash & Equivalents | 3.9% |
C000059816 Costs and Fees
C000059816 costs about $78 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.78%
- Gross expense ratio: 0.91%
- Portfolio turnover: 73%
- Brokerage commissions: 5.83 bps of average net assets (SEC N-CEN)
C000059816 Cashflows
Over the 12 months to 2026-06, NVIT Multi-Manager Mid Cap Growth Fund had net outflows of $44.50M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$4.13M |
| 2026-05 | −$3.18M |
| 2026-04 | −$1.59M |
| 2026-03 | −$3.95M |
| 2026-02 | −$4.71M |
| 2026-01 | −$3.92M |
C000059816 Debt Constituents
No individual debt constituents are reported in NVIT Multi-Manager Mid Cap Growth Fund's latest SEC N-PORT filing.
C000059816 Prospectus and SEC Filings
Official NVIT Multi-Manager Mid Cap Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-16
- Prospectus (485BPOS) — filed 2025-04-17
- Prospectus (485BPOS) — filed 2024-04-18
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-18
- Portfolio holdings (N-PORT) — filed 2026-02-23
- Annual census (N-CEN) — filed 2026-03-09
- Annual census (N-CEN) — filed 2025-03-05
Related Funds
Other United States Mid Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.