Federated NVIT High Income Bond Fund
Data updated: 2026-08-26
C000014749 — Federated NVIT High Income Bond Fund. Short Corporate Bond · $85.94M AUM · 0.87% expense ratio. Holdings, fees, performance and SEC filings.
C000014749 Fund Overview
Federated NVIT High Income Bond Fund is a US mutual fund managed by Nationwide Variable Insurance Trust, categorised as Short Corporate Bond. 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: Short Corporate Bond
- Assets under management: $85.94M
- 1-year return: 5.3%
- SEC CIK: 0000353905
- SEC series ID: S000005421
- Share class ID: C000014749
C000014749 Investment Objective and Strategy
Federated NVIT High Income Bond 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 Loomis Short Term High Yield Fund seeks to provide high current income.
Principal investment strategy
The Fund invests primarily in U.S. dollar-denominated high-yield bonds (commonly known as junk bonds) of U.S. and foreign issuers, including those in emerging market countries. Securities selected for the Fund normally are lower-rated or are below investment grade, with no minimum acceptable rating. These bonds primarily include corporate debt securities, such as notes, bonds, debentures and commercial paper, but may include convertible securities and corporate loans. Some of the securities in which the Fund invests may be zero-coupon bonds. The subadviser performs its own credit analysis to determine the creditworthiness and yield potential of a security, and seeks a thorough understanding of industry and company dynamics as well as individual security characteristics such as issuer debt and debt maturity schedules, earnings prospects, responsiveness to changes in interest rates, experience and perceived strength of management, borrowing requirements and liquidation value, market price in relation to cash flow, interest and dividends.
In selecting high-yield bonds, the Funds subadviser utilizes its internal research team that covers a broad universe of industries, companies and markets. The subadviser employs a selection strategy that focuses on a value-driven, bottom-up approach to identify securities that provide an opportunity for high current income as well as capital appreciation. The subadviser analyzes an individual companys potential for positive financial news to determine if it has growth potential. The subadviser emphasizes in-depth credit analysis, appreciation potential and diversification in its bond selection. Each bond is evaluated to assess the ability of its issuer to pay interest and, ultimately, principal (which helps the Fund generate an ongoing flow of income). The subadviser also assesses a bonds relation to market conditions within its industry and favors bonds whose prices may benefit from positive business developments.
In order to manage issuer risk, the subadviser seeks to diversify the Funds holdings. Under normal circumstances, the Fund invests at least 80% of its accounts market value in high-yield bonds. For these purposes, high-yield bonds are debt securities that are rated below investment grade by nationally recognized statistical rating organizations, such as Moodys and Standard & Poors, or unrated securities that the Funds subadviser believes to be of comparable quality. In deciding which securities to buy and sell, the subadviser considers, among other things, the financial strength of the issuer, current interest rates, current valuations, the subadvisers expectations regarding future changes in interest rates and comparisons of the level of risk associated with particular investments with the subadvisers expectations concerning the potential return of those investments.
In order to provide the potential for additional income and to manage market volatility, the subadviser separately manages a diversified portion of the Fund (targeting approximately 20% of the Funds accounts market value at the time of purchase) invested in securitized assets, such as mortgage-backed and asset-backed securities. For this portion of the Fund, the subadviser purchases many securities that are rated investment grade, although it also may purchase securities that are rated below investment grade. In managing this portion, the subadviser uses a bottom-up, fundamental research process to select individual securities for the Fund. The decision to buy or sell a particular security is driven largely by the subadvisers view of the fundamentals of the issue compared to the prevailing market valuation, which may be higher (suggesting a potential sell decision) or lower (suggesting a potential buy decision).
In managing the Funds overall portfolio, the subadviser typically maintains an average portfolio duration that is up to one year greater than or less than the average portfolio duration of the ICE BofA 1-3 Year BB-B US Cash Pay High Yield Index (the Index). As of December 31, 2025, the average portfolio duration of the Index was 1.01 years. The subadviser may buy or sell derivatives, such as futures, forwards or credit default swaps, in order to hedge against investment risks or to expose the Funds cash holdings to the investment characteristics of securities in which the Fund may invest. The Fund may engage in frequent and active trading of portfolio securities.
C000014749 Holdings
Top 10 holdings of Federated NVIT High Income Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Nissan Motor Acceptance Co. LLC | 2.28% |
| GFL Environmental, Inc. | 1.98% |
| Venture Global LNG, Inc. | 1.93% |
| Teva Pharmaceutical Finance Netherlands III BV | 1.83% |
| Alliant Holdings Intermediate LLC | 1.71% |
| DISH Network Corp. | 1.71% |
| United Rentals North America, Inc. | 1.68% |
| Fair Isaac Corp. | 1.66% |
| TriNet Group, Inc. | 1.61% |
| Quikrete Holdings, Inc. | 1.60% |
C000014749 Portfolio Allocation
Asset-class allocation of Federated NVIT High Income Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 71.4% |
| Securitized | 15.2% |
| Loans | 10.1% |
| Cash & Equivalents | 0.5% |
C000014749 Performance
Total returns for C000014749 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.1% |
| 1 year | 5.3% |
| 3 years (annualised) | 7.2% |
| 5 years (annualised) | 2.9% |
C000014749 Risk Information
Risk metrics for C000014749, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.2%
C000014749 Costs and Fees
C000014749 costs about $87 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.87%
- Gross expense ratio: 1.01%
- Portfolio turnover: 165%
- Brokerage commissions: 5.23 bps of average net assets (SEC N-CEN)
C000014749 Cashflows
Over the 12 months to 2026-06, Federated NVIT High Income Bond Fund had net inflows of $78.98K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $4.73M |
| 2026-05 | −$1.04M |
| 2026-04 | $309.19K |
| 2026-03 | −$1.28M |
| 2026-02 | −$1.30M |
| 2026-01 | −$969.19K |
C000014749 Debt Constituents
Largest debt holdings of Federated NVIT High Income Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Nissan Motor Acceptance Co. LLC | 2.28% |
| GFL Environmental, Inc. | 1.98% |
| Venture Global LNG, Inc. | 1.93% |
| Teva Pharmaceutical Finance Netherlands III BV | 1.83% |
| Alliant Holdings Intermediate LLC | 1.71% |
| DISH Network Corp. | 1.71% |
| United Rentals North America, Inc. | 1.68% |
| Fair Isaac Corp. | 1.66% |
| TriNet Group, Inc. | 1.61% |
| Hilton Worldwide Finance LLC | 1.53% |
C000014749 Prospectus and SEC Filings
Official Federated NVIT High Income Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-16
- Prospectus (485BPOS) — filed 2025-04-17
- Prospectus supplement (497) — filed 2025-04-24
- 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 Short Corporate Bond 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.