AVIP Core Plus Bond Portfolio
Data updated: 2026-08-26
C000266307 — AVIP Core Plus Bond Portfolio. Long Total / Aggregate Bond · $498.29M AUM · 0.74% expense ratio. Holdings, fees, performance and SEC filings.
C000266307 Fund Overview
AVIP Core Plus Bond Portfolio is a US mutual fund managed by Ohio National Fund INC, categorised as Long Total / Aggregate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Ohio National Fund INC
- Category: Long Total / Aggregate Bond
- Assets under management: $498.29M
- SEC CIK: 0000315754
- SEC series ID: S000068477
- Share class ID: C000266307
C000266307 Investment Objective and Strategy
AVIP Core Plus Bond Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ohio National Fund INC.
Investment objective
Seeks to provide total return.
Principal investment strategy
Under normal circumstances, the Portfolio invests at least 80% of its net assets (plus borrowings for investment purposes, if any) in fixed-income investments. The Portfolio is managed by the Adviser. The Portfolio pursues its investment objective by investing primarily in U.S. dollar denominated, investment-grade, fixed income securities. In addition, the Portfolio may invest in other fixed income investments including high-yield, non-U.S. dollar denominated fixed income securities and foreign currencies when the Adviser considers the risk-return prospects of those sectors to be attractive. The Adviser expects that, normally, no more than 15% of the Portfolios total assets will be invested in securities that are rated below investment grade. However, the Portfolio may opportunistically invest up to 25% of its total assets in noninvestment-grade debt securities (otherwise known as junk bonds).
The maximum amount that the Portfolio may invest in non-U.S. dollar denominated fixed-income securities and foreign currencies is 20% of the Portfolios total assets. Investment-grade, fixed income securities are rated in one of the four highest categories (BBB- or higher) by a nationally recognized statistical rating organization (NRSRO). Noninvestment-grade, fixed-income securities are rated in one of the six lowest categories (BB or lower) by a NRSRO, or in either case if unrated, of comparable quality as determined by the Adviser. The Adviser seeks to enhance the Portfolios performance by allocating relatively more of its portfolio to the sectors that the Adviser expects to offer the best balance between total return and risk and thus offer the greatest potential for return. The Portfolio may invest in non-currency derivative contracts (such as, for example, futures options, credit default swaps, credit default swap indices (CDX), and CDX tranches) to implement its investment strategies.
The Portfolio may also use derivative contracts to increase or decrease the Portfolios exposure to the investments underlying the derivative contracts in an attempt to benefit from changes in the value of the underlying investments. A CDX is an index of credit default swaps designed to track a segment of the credit market (e.g., investment grade, high volatility, below investment grade or emerging markets) and provides investors with exposure to specific issuers of certain debt instruments. Standardized CDX tranches are created and administered by IHS Markit. Investment in CDX tranches provides exposure to certain segments of the CDXs potential loss distribution, and credit events affect the tranches according to the seniority of the tranche in the loss distribution. The Portfolio may have exposure to any tranche of a CDX, including the lowest level tranche which is referred to as the equity or first loss tranche.
There can be no assurance that the Portfolios uses of derivatives contracts will work as intended. Derivative investments made by the Portfolio are included within the Portfolios 80% policy and are calculated at market value. The Adviser may lengthen or shorten duration from time to time based on its interest rate outlook, but the Portfolio has no set duration parameters. Duration measures the price sensitivity of a fixed-income security to changes in interest rates. Certain of the government securities in which the Portfolio invests are not backed by the full faith and credit of the U.S. government, such as those issued by the Federal Home Loan Mortgage Corporation (Freddie Mac), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Bank System. These entities are, however, supported through federal subsidies, loans or other benefits.
The Portfolio may also invest in government securities that are supported by the full faith and credit of the U.S. government, such as those issued by the Government National Mortgage Association (Ginnie Mae). Finally, the Portfolio may invest in certain government securities that are issued by entities whose activities are sponsored by the federal government but that have no explicit financial support. The Adviser actively manages the Portfolio seeking total returns over longer time periods in excess of the ICE BofA U.S. Broad Market Index. The ICE BofA U.S. Broad Market Index tracks the performance of U.S. dollar denominated investment grade debt publicly issued in the U.S. domestic market, including U.S. Treasury, quasi-government, corporate, securitized and collateralized securities The Adviser utilizes a five-part decision making process, focusing on: (1) duration; (2) yield curve; (3) sector allocation; (4) security selection; and (5) currency management.
This five-part investment process is designed to capitalize on the depth of experience and focus of each of the Advisers fixed-income sector teams government, corporate, mortgage-backed, asset-backed, high-yield and international. There can be no assurance that the Adviser will be successful in achieving investment returns in excess of the ICE BofA U.S. Broad Market Index. When selecting investments for the Portfolio, the Portfolio can invest in securities directly or in other investment companies, including, for example, funds advised by the Adviser or its affiliates (which are not available for general investment by the public), as an efficient means of implementing its investment strategies.
C000266307 Holdings
Top 10 holdings of AVIP Core Plus Bond Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| United States Of America - Bureau Of The Public Debt | 6.16% |
| United States Of America - Bureau Of The Public Debt | 2.53% |
| Madison Park Funding Lxi Ltd. | 1.51% |
| Palmer Square Clo 2023-3 Ltd. | 1.51% |
| Diameter Capital Clo 4 Ltd. | 1.51% |
| Ab Bsl Clo 7 Ltd. | 1.51% |
| Pikes Peak Clo 22 | 1.50% |
| Regatta Vi Funding Ltd. 2016-6r | 1.50% |
| Midocean Credit Clo Xii Ltd. | 1.50% |
| Ares Loan Funding I Ltd. | 1.50% |
C000266307 Portfolio Allocation
Asset-class allocation of AVIP Core Plus Bond Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 58.8% |
| Securitized | 39.6% |
| Real Estate | 0.1% |
C000266307 Performance
Total returns for C000266307 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.4% |
C000266307 Costs and Fees
C000266307 costs about $74 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.74%
- Gross expense ratio: 0.74%
- Portfolio turnover: 40%
- Brokerage commissions: 0.47 bps of average net assets (SEC N-CEN)
C000266307 Cashflows
Over the 12 months to 2026-06, AVIP Core Plus Bond Portfolio had net outflows of $1.41M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $16.57M |
| 2026-05 | $4.44M |
| 2026-04 | −$6.11M |
| 2026-03 | −$10.74M |
| 2026-02 | −$2.91M |
| 2026-01 | −$2.53M |
C000266307 Debt Constituents
Largest debt holdings of AVIP Core Plus Bond Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Of America - Bureau Of The Public Debt | 6.16% |
| United States Of America - Bureau Of The Public Debt | 2.53% |
| United States Of America - Bureau Of The Public Debt | 1.40% |
| United States Of America - Bureau Of The Public Debt | 1.23% |
| United States Of America - Bureau Of The Public Debt | 1.21% |
| United States Of America - Bureau Of The Public Debt | 1.13% |
| United States Of America - Bureau Of The Public Debt | 0.82% |
| United States Of America - Bureau Of The Public Debt | 0.81% |
| Zions Bancorp Na | 0.80% |
| United States Of America - Bureau Of The Public Debt | 0.77% |
C000266307 Prospectus and SEC Filings
Official AVIP Core Plus Bond Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-29
- Prospectus (485BPOS) — filed 2025-12-05
- Prospectus (485BPOS) — filed 2025-04-29
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-29
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-07
Related Funds
Other Long Total / Aggregate 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.