NVIT Dynamic US Growth Fund
Data updated: 2026-08-26
C000074474 — NVIT Dynamic US Growth Fund. United States Large Cap Growth Equity · $2.58B AUM. Holdings, fees, performance and SEC filings.
C000074474 Fund Overview
NVIT Dynamic US Growth Fund is a US mutual fund managed by Nationwide Variable Insurance Trust, categorised as United States Large 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 Large Cap Growth Equity
- Assets under management: $2.58B
- 1-year return: 20.9%
- SEC CIK: 0000353905
- SEC series ID: S000025033
- Share class ID: C000074474
C000074474 Investment Objective and Strategy
NVIT Dynamic US 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 BNY Mellon Dynamic U.S. Core Fund seeks long-term capital growth.
Principal investment strategy
The Fund seeks to provide investors with long-term growth of capital by outperforming the S&P 500 Index over a full market cycle while maintaining a similar level of market risk as the index. To achieve this goal, the Funds subadviser seeks to identify and construct the most optimal portfolio that targets an equity-like level of volatility by allocating assets among equity securities, money market instruments, futures contracts the value of which are derived from the performance of equity indexes and U.S. Treasury bonds (which are government-issued fixed income securities), and options on equity index and bond futures contracts. Futures and options are derivatives and may expose the Fund to significant leverage. Investors in the Fund should have a long-term perspective and be able to tolerate potentially sharp declines in value.
Equity securities that the Fund buys primarily are common stocks of companies that are included in the S&P 500 Index. With respect to the Funds portion that invests directly in equity securities, the Fund generally invests in all 500 stocks in the S&P 500 Index in proportion to their weightings in the index. Money market instruments serve primarily as cover for the Fund's derivatives positions, although the subadviser also at times allocates assets to money market instruments in order to hedge against equity market risk. Money market instruments are high-quality short-term debt securities issued by governments and corporations. The Fund obtains exposure to U.S. Treasury bonds by purchasing futures contracts on U.S. Treasury bonds included in the Bloomberg U.S. Long Treasury Index. The Fund also may purchase options on U.S.
Treasury bond futures contracts. The Fund uses Treasury bond futures and options to hedge against equity market risks. It is possible, however, that the Fund will lose money on both its equity investments and its bond exposures at the same time. Under normal circumstances, the Fund invests at least 80% of its net assets in securities of U.S. issuers or derivatives the value of which are linked to securities of U.S. issuers. For these purposes, a U.S. issuer is either (i) a company whose stock is listed on the New York Stock Exchange or NASDAQ; or (ii) the United States Treasury. In determining what the subadviser believes to be the optimal allocation among equities, U.S. Treasury bonds and money market instruments, the subadviser uses estimates of future returns and volatility. When the subadviser believes that equity markets appear favorable, it uses leverage generated by futures and options to increase the Funds equity exposure.
When equity markets appear to be unfavorable, the subadviser reduces the Funds equity exposure through the use of equity index futures and related options. It also may allocate assets to U.S. Treasury bond futures and related options and/or money market instruments. By combining equity securities, futures on stock indexes and U.S. Treasury bonds, call options and money market instruments in varying amounts, the subadviser adjusts the Funds overall equity exposure within a range of 50%150% of the Funds net assets. The subadviser regularly reviews the Fund's investments and will consider selling an investment when the subadviser believes such investment is no longer attractive as a result of price appreciation or a change in risk profile, or because other available investments are considered to be more attractive.
The Fund is designed for investors seeking growth of capital by investing in a portfolio of equity and debt securities, and derivatives with investment characteristics similar to equity and debt securities, in order to achieve enhanced equity returns while maintaining a level of volatility risk that is similar to the S&P 500 Index.
C000074474 Holdings
Top 10 holdings of NVIT Dynamic US Growth Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corp. | 6.97% |
| Apple, Inc. | 6.11% |
| Microsoft Corp. | 3.99% |
| Amazon.com, Inc. | 3.36% |
| Alphabet, Inc. | 3.02% |
| United States of America | 2.82% |
| Broadcom, Inc. | 2.57% |
| Alphabet, Inc. | 2.40% |
| Micron Technology, Inc. | 1.87% |
| Meta Platforms, Inc. | 1.78% |
C000074474 Portfolio Allocation
Asset-class allocation of NVIT Dynamic US Growth Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 92.7% |
| Cash & Equivalents | 3.0% |
| Derivatives | 0.3% |
C000074474 Performance
Total returns for C000074474 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 9.6% |
| 1 year | 20.9% |
| 3 years (annualised) | 19.1% |
| 5 years (annualised) | 11.5% |
C000074474 Risk Information
Risk metrics for C000074474, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.4%
C000074474 Costs and Fees
C000074474 costs about $62 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.62%
- Gross expense ratio: 0.66%
- Portfolio turnover: 8%
- Brokerage commissions: 0.49 bps of average net assets (SEC N-CEN)
C000074474 Cashflows
Over the 12 months to 2026-06, NVIT Dynamic US Growth Fund had net outflows of $264.52M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$19.64M |
| 2026-05 | −$22.48M |
| 2026-04 | −$16.81M |
| 2026-03 | −$26.74M |
| 2026-02 | −$28.27M |
| 2026-01 | −$21.42M |
C000074474 Debt Constituents
No individual debt constituents are reported in NVIT Dynamic US Growth Fund's latest SEC N-PORT filing.
C000074474 Prospectus and SEC Filings
Official NVIT Dynamic US 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 Large 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.