American Funds NVIT Asset Allocation Fund
Data updated: 2026-08-26
C000033348 — American Funds NVIT Asset Allocation Fund. Alternative · $6.39B AUM · 0.92% expense ratio. Holdings, fees, performance and SEC filings.
C000033348 Fund Overview
American Funds NVIT Asset Allocation Fund is a US mutual fund managed by Nationwide Variable Insurance Trust, categorised as Alternative. 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: Alternative
- Assets under management: $6.39B
- 1-year return: 15.5%
- SEC CIK: 0000353905
- SEC series ID: S000012215
- Share class ID: C000033348
C000033348 Investment Objective and Strategy
American Funds NVIT Asset Allocation 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 American Funds Asset Allocation Fund (the Fund or Feeder Fund) seeks to provide a high total return (including income and capital gains) consistent with preservation of capital over the long term.
Principal investment strategy
The Fund invests all of its assets in the Class 1 shares of the Asset Allocation Fund (the Master Asset Allocation Fund), a series of American Funds Insurance Series, a registered open-end investment company. In pursuing its investment objective, the Master Asset Allocation Fund varies its mix of equity securities, debt securities and money market instruments. Although the Master Asset Allocation Fund focuses on investments in medium to larger capitalization companies, the Master Asset Allocation Fund's investments are not limited to a particular capitalization size. Under normal market conditions, the Master Asset Allocation Funds investment adviser expects (but is not required) to maintain an investment mix falling within the following ranges: 40%80% in equity securities, 20%50% in debt securities and 0%40% in money market instruments and cash.
As of December 31, 2025, the Master Asset Allocation Fund was approximately 65% invested in equity securities, 31% invested in debt securities and 4% invested in money market instruments and cash. The proportion of equities, debt and money market securities held by the Master Asset Allocation Fund varies with market conditions and the investment advisers assessment of their relative attractiveness as investment opportunities. The Master Asset Allocation Fund may have significant investments in particular sectors. The Master Asset Allocation Fund invests in a diversified portfolio of common stocks and other equity securities, bonds and other intermediate and long-term debt securities including U.S. government securities, money market instruments (debt securities maturing in one year or less), and derivatives, such as futures contracts.
The Master Asset Allocation Fund may invest up to 15% of its net assets in common stocks and other equity securities of issuers domiciled outside the United States and up to 5% of its net assets in debt securities tied economically to countries outside the United States. In addition, the Master Asset Allocation Fund may invest up to 25% of its debt assets in lower quality debt securities (rated Ba1 or below and BB+ or below by Nationally Recognized Statistical Rating Organizations designated by the Master Asset Allocation Funds investment adviser or unrated but determined to be of equivalent quality by the Master Asset Allocation Funds investment adviser). Such securities are sometimes referred to as junk bonds. The Master Asset Allocation Funds investment adviser uses a system of multiple portfolio managers in managing the Master Asset Allocation Funds assets.
Under this approach, the portfolio of the Master Asset Allocation Fund is divided into segments managed by individual portfolio managers. The Master Asset Allocation Fund relies on the professional judgment of its investment adviser to make decisions about the Master Asset Allocation Funds portfolio investments. The basic investment philosophy of the Master Asset Allocation Funds investment adviser is to seek to invest in attractively priced securities that, in its opinion, represent good, long-term investment opportunities. Securities may be sold when the Master Asset Allocation Funds investment adviser believes that they no longer represent relatively attractive investment opportunities. The Master Asset Allocation Fund may engage in frequent and active trading of portfolio securities. The Master Asset Allocation Funds investment adviser may consider environmental, social and governance (ESG) factors that, depending on the facts and circumstances, are material to the value of an issuer or instrument.
C000033348 Holdings
Top 1 holdings of American Funds NVIT Asset Allocation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| American Funds Asset Allocation Fund | 100.05% |
C000033348 Portfolio Allocation
Asset-class allocation of American Funds NVIT Asset Allocation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Other | 100.1% |
C000033348 Performance
Total returns for C000033348 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 8.0% |
| 1 year | 15.5% |
| 3 years (annualised) | 15.5% |
| 5 years (annualised) | 8.2% |
C000033348 Risk Information
Risk metrics for C000033348, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.4%
C000033348 Costs and Fees
C000033348 costs about $92 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.92%
- Gross expense ratio: 1.07%
- Portfolio turnover: 10%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000033348 Cashflows
Over the 12 months to 2026-06, American Funds NVIT Asset Allocation Fund had net outflows of $625.21M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$81.91M |
| 2026-05 | −$73.45M |
| 2026-04 | −$77.86M |
| 2026-03 | −$84.27M |
| 2026-02 | −$65.07M |
| 2026-01 | −$102.81M |
C000033348 Debt Constituents
No individual debt constituents are reported in American Funds NVIT Asset Allocation Fund's latest SEC N-PORT filing.
C000033348 Prospectus and SEC Filings
Official American Funds NVIT Asset Allocation 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 Alternative 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.