BlackRock Select
Factor Index

Dynamic factor based strategy focused on stability through changing market environments

Strategy – The BlackRock Select Factor Index seeks to generate consistent returns while managing volatility through changing market environments
Approach – The Index dynamically allocates among five equity style factors each backed by academic evidence. In addition, the Index monitors macroeconomic signals and adjusts positioning according to current economic conditions.
Holdings – Equity ETFs, Fixed Income ETFs, Cash
Features – Dynamic and diversified multi-factor strategy targets long run returns backed by strong economic rationale.
Ticker – BSELFCTX

Helpful Resources

BlackRock Select Factor Index Overview www.BlackRock.com/SelectFactor

BlackRock Select Factor Index selection process

Factor investing is an approach that involves targeting specific drivers of returns across asset classes. Backed by academic research, factor investing can help improve returns, reduce volatility and enhance diversification.

The Index starts with five broadly diversified factor ETFs, identifies the most attractive opportunities based upon the current market environment, valuations and current trends, and then dynamically adjusts exposure.

The Index seeks to partially mitigate broad market risk by hedging broad equity exposure. When economic conditions are volatile, the Index further reduces equity exposure by shifting to bonds. When conditions are favorable, the index shifts back into equities. The Index also allocates to cash to help smooth returns and target 5% volatility.

There can be no guarantee that the BlackRock Select Factor Index approach will meet its objectives.

Summary of the investment universe

The equity factor rotation occurs monthly. The broad market equity hedge and bond allocations are determined daily, and allocated to over the next 5 business days. To help maintain the consistent 5% volatility target, the index can also allocate to cash daily.

BlackRock, Inc. is an American multinational investment management corporation based in New York City. Originally, a risk management and fixed income institutional asset manager, BlackRock is now the world’s leading asset manager, with $10 trillion in assets under management as of December 2023.

BlackRock is a leader in factor investing, launching the first factor fund in 1971 and has driven innovation in the category for more than 40 years.

The Nationwide Defined Protection Annuity^® 2.0 is not available in MO, NY, OR, VA, VI as of 9/13/24.

Not a deposit – Not FDIC or NCUSIF insured – Not guaranteed by the institution – Not insured by any federal government agency – May lose value

This material is not a recommendation to buy or sell a financial product or to adopt an investment strategy. Investors should discuss their specific situation with their financial professional.

This product is sold by prospectus. This material must be preceded or accompanied by the prospectus. Carefully consider the investment objectives, risks, charges and expenses. The product prospectus contains this and other important information. Investors should read them carefully before investing. To request a copy, go to nationwide.com/prospectus or call 1-800-848-6331.

Index-linked annuity contracts are complicated investments. Prospective purchasers should consult with a financial professional about the Contract’s features, benefits, risks, and fees and whether the contract is appropriate based upon his or her financial situation and objectives.

Annuities have limitations. They are long-term vehicles designed for retirement purposes. They are not intended to replace emergency funds, to be used as income for day-to-day expenses or to fund short-term savings goals. Withdrawals are subject to income tax, and withdrawals before age 59½ may be subject to a 10% early withdrawal federal tax penalty. Please read the contract for complete details.

Nationwide Defined Protection^® Annuity 2.0 is an individual single purchase payment deferred annuity with index-linked strategies issued by Nationwide Life Insurance Company, Columbus, Ohio. The general distributor is Nationwide Investment Services Corporation, Member FINRA. Please note that the Nationwide Defined Protection^® Annuity 2.0 does not directly invest in an index. The product includes index strategies which follow market performance; however, they are not actual investments in the stock market.

This Index does not include income from any dividends paid by component companies. The exclusion of dividends from an Index may lower the Index Performance, particularly over the course of time.

BlackRock Select Factor Index is an excess return index. Indexes calculated on an excess return basis include calculation elements that reduce index performance. Because of this, an excess return version of an index will have lower performance than a total return version of the same index would, especially in high interest rate environments. Some excess return indexes also deduct a notional charge(s) in calculating index performance. This deduction(s) will reduce the potential positive change in index performance and increase the potential negative change in the index performance.

Guarantees and protections referenced within are subject to the claims-paying ability of Nationwide Life Insurance Company.

Neither Nationwide nor any of its affiliates are affiliated with BlackRock nor any of its affiliates.

The BlackRock Select Factor Index (“Index”) is a product of BlackRock Index Services, LLC and has been licensed for use by Nationwide Life Insurance Company and Nationwide Life and Annuity Insurance Company (“Licensee”). BlackRock®, BlackRock Select Factor Index and the corresponding logos are registered and unregistered trademarks of BlackRock. This Product is not sponsored, endorsed, sold or promoted by BlackRock Index Services, LLC, BlackRock, Inc., or any of its affiliates, or any of their respective third party licensors (including the Index calculation agent, as applicable) (collectively, “BlackRock”). BlackRock has no obligation or liability in connection with the administration or marketing of this Product. BlackRock makes no representation or warranty, express or implied, to the owners of this Product or any member of the public regarding the advisability of investing in this Product or the ability of the Index to track general market performance. BlackRock does not guarantee the adequacy, accuracy, timeliness, and/or completeness of the Index or any data or communication related thereto nor does it have any liability for any errors, omissions or interruptions of the Index.

VAW-0274AO (9/24)

BlackRock SelectFactor Index