UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-03015
Ohio National Fund, Inc.
(Exact name of registrant as specified in charter)
One Financial Way, Cincinnati, Ohio | 45242 |
(Address of principal executive offices) | (Zip code) |
CT Corporation 300 E. Lombard St. Suite 1400 Baltimore, MD 21202
(Name and address of agent for service)
Registrant’s telephone number, including area code: 513-794-6971
Date of fiscal year end: December 31
Date of reporting period: December 31, 2020
Item 1. Reports To Stockholders.
(a)
1 | |
The following pages contain Performance, Comments from Adviser/Sub-Adviser, Change in Value of $10,000 Investment, Portfolio Composition, Top Holdings (all of which are unaudited), and Schedule of Investments (audited) for each of the Fund’s Portfolios: | |
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186 |
Index | 12/31/20 YTD U.S. Dollar Total Return (price and dividend) | |
S&P 500® | 18.4% | |
Russell 1000® Growth | 38.5% | |
Russell 1000® Value | 2.8% | |
S&P MidCap 400® | 13.7% | |
Russell 2000® Small Cap | 19.9% | |
MSCI All Country World Ex-USA (Net – USD) | 10.7% | |
MSCI Emerging Market | 18.5% |
Index | 12/31/20 YTD U.S. Dollar Total Return (price and interest) | |
Bloomberg Barclays U.S. Aggregate | 7.5% | |
Bloomberg Barclays U.S. Treasury | 8.0% | |
Bloomberg Barclays Securitized | 4.2% | |
Bloomberg Barclays Corporate | 9.9% | |
Bloomberg Barclays U.S. Corporate High Yield | 7.1% |
Ohio National Fund, Inc. | ON Bond Portfolio (Unaudited) |
Average Annual returns | |
One year | 9.59% |
Five years | 6.90% |
Ten years | 4.94% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2020. |
Ohio National Fund, Inc. | ON Bond Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2020 (1) | |
% of Net Assets | |
Corporate Bonds (4) | 92.6 |
Asset-Backed Securities (4) | 2.6 |
Money Market Funds and Other Net Assets | 4.8 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2020 (1) (2) (3) | ||
% of Net Assets | ||
1. | Campbell Soup Co. 4.150%, 03/15/2028 | 1.6 |
2. | Lear Corp. 4.250%, 05/15/2029 | 1.5 |
3. | AbbVie, Inc. 4.250%, 11/21/2049 | 1.3 |
4. | Kinross Gold Corp. 4.500%, 07/15/2027 | 1.2 |
5. | Keurig Dr Pepper, Inc. 3.430%, 06/15/2027 | 1.2 |
6. | Comcast Corp. 3.250%, 11/01/2039 | 1.2 |
7. | Mosaic Co. / The 4.050%, 11/15/2027 | 1.1 |
8. | Hasbro, Inc. 3.900%, 11/19/2029 | 1.1 |
9. | RPM International, Inc. 4.250%, 01/15/2048 | 1.1 |
10. | Bank of Montreal 3.803%, 12/15/2032 | 1.1 |
(1) | Composition of Portfolio subject to change. | |
(2) | Short-term investments have been excluded from the list of Top 10 Portfolio Holdings. | |
(3) | Top 10 Portfolio Holdings is presented at an individual security level. Total investment exposure by issuer may be higher. | |
(4) | Sectors (Corporate Bonds, Asset-Backed Securities): |
% of Net Assets | |
Financials | 25.7 |
Industrials | 11.2 |
Consumer Staples | 9.9 |
Energy | 9.7 |
Materials | 8.5 |
Utilities | 8.0 |
Consumer Discretionary | 6.8 |
Communication Services | 6.7 |
Health Care | 4.6 |
Real Estate | 3.4 |
Information Technology | 0.7 |
95.2 |
Ohio National Fund, Inc. | ON Bond Portfolio |
Schedule of Investments | December 31, 2020 |
Corporate Bonds–92.6% | Rate | Maturity | Face Amount | Value | |
Communication Services–6.7% | |||||
AT&T, Inc. (Diversified Telecom. Svs.) | 4.900% | 08/15/2037 | $1,000,000 | $ 1,252,569 | |
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. (Media) | 3.700% | 04/01/2051 | 2,800,000 | 2,902,528 | |
Comcast Corp. (Media) | 3.250% | 11/01/2039 | 3,000,000 | 3,400,154 | |
Lamar Media Corp. (Media) | 4.875% | 01/15/2029 | 1,200,000 | 1,275,000 | |
Rogers Communications, Inc. (Wireless Telecom. Svs.) | 3.700% | 11/15/2049 | 2,100,000 | 2,478,093 | |
Time Warner Cable LLC (Media) | 6.550% | 05/01/2037 | 850,000 | 1,165,562 | |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | (a) | 3.875% | 04/15/2030 | 1,800,000 | 2,084,418 |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 4.500% | 08/10/2033 | 1,000,000 | 1,259,875 | |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 4.400% | 11/01/2034 | 1,500,000 | 1,870,590 | |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 2.875% | 11/20/2050 | 1,000,000 | 1,006,534 | |
Walt Disney Co. / The (Entertainment) | 3.600% | 01/13/2051 | 1,000,000 | 1,211,504 | |
19,906,827 | |||||
Consumer Discretionary–6.8% | |||||
Amazon.com, Inc. (Internet & Direct Marketing Retail) | 3.875% | 08/22/2037 | 1,000,000 | 1,245,952 | |
Aptiv PLC (Auto Components) | 4.350% | 03/15/2029 | 1,000,000 | 1,161,589 | |
Best Buy Co., Inc. (Specialty Retail) | 1.950% | 10/01/2030 | 3,000,000 | 3,012,666 | |
Expedia Group, Inc. (Internet & Direct Marketing Retail) | (a) | 4.625% | 08/01/2027 | 1,000,000 | 1,116,576 |
Hasbro, Inc. (Leisure Products) | 3.900% | 11/19/2029 | 3,000,000 | 3,394,593 | |
Lear Corp. (Auto Components) | 4.250% | 05/15/2029 | 4,000,000 | 4,568,664 | |
Lowe's Cos., Inc. (Specialty Retail) | 3.000% | 10/15/2050 | 2,000,000 | 2,132,018 | |
Magna International, Inc. (Auto Components) | 3.625% | 06/15/2024 | 1,000,000 | 1,095,406 | |
MDC Holdings, Inc. (Household Durables) | 3.850% | 01/15/2030 | 2,000,000 | 2,223,920 | |
19,951,384 | |||||
Consumer Staples–9.9% | |||||
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 4.700% | 02/01/2036 | 2,000,000 | 2,536,812 | |
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 4.900% | 02/01/2046 | 1,000,000 | 1,301,445 | |
Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 4.600% | 04/15/2048 | 2,000,000 | 2,526,691 | |
B.A.T. Capital Corp. (Tobacco) | 3.215% | 09/06/2026 | 1,000,000 | 1,101,104 | |
B.A.T. Capital Corp. (Tobacco) | 4.700% | 04/02/2027 | 2,000,000 | 2,350,869 | |
Campbell Soup Co. (Food Products) | 4.150% | 03/15/2028 | 4,000,000 | 4,702,615 | |
Coca-Cola Co. / The (Beverages) | 2.500% | 03/15/2051 | 1,000,000 | 1,030,101 | |
Costco Wholesale Corp. (Food & Staples Retailing) | 1.750% | 04/20/2032 | 1,200,000 | 1,246,357 | |
Hershey Co. / The (Food Products) | 1.700% | 06/01/2030 | 1,800,000 | 1,850,875 | |
Keurig Dr Pepper, Inc. (Beverages) | 3.430% | 06/15/2027 | 3,000,000 | 3,424,789 | |
Kimberly-Clark Corp. (Household Products) | 1.050% | 09/15/2027 | 2,000,000 | 2,026,292 | |
Philip Morris International, Inc. (Tobacco) | 3.375% | 08/15/2029 | 2,500,000 | 2,863,429 | |
Smithfield Foods, Inc. (Food Products) | (a) | 3.000% | 10/15/2030 | 2,000,000 | 2,116,154 |
29,077,533 | |||||
Energy–9.7% | |||||
Baker Hughes, a GE Co. LLC / Baker Hughes Co-Obligor, Inc. (Energy Equip. & Svs.) | 4.080% | 12/15/2047 | 2,000,000 | 2,256,173 | |
BP Capital Markets America, Inc. (Oil, Gas & Consumable Fuels) | 3.017% | 01/16/2027 | 1,000,000 | 1,102,930 | |
BP Capital Markets America, Inc. (Oil, Gas & Consumable Fuels) | 1.749% | 08/10/2030 | 1,400,000 | 1,404,546 | |
Chevron Corp. (Oil, Gas & Consumable Fuels) | 2.895% | 03/03/2024 | 900,000 | 964,291 | |
Chevron Corp. (Oil, Gas & Consumable Fuels) | 2.236% | 05/11/2030 | 1,800,000 | 1,925,228 | |
Concho Resources, Inc. (Oil, Gas & Consumable Fuels) | 3.750% | 10/01/2027 | 2,000,000 | 2,284,937 | |
Concho Resources, Inc. (Oil, Gas & Consumable Fuels) | 2.400% | 02/15/2031 | 1,800,000 | 1,882,820 | |
Energy Transfer Operating LP (Oil, Gas & Consumable Fuels) | 4.950% | 06/15/2028 | 2,000,000 | 2,304,286 | |
Exxon Mobil Corp. (Oil, Gas & Consumable Fuels) | 4.114% | 03/01/2046 | 900,000 | 1,114,646 | |
Halliburton Co. (Energy Equip. & Svs.) | 4.850% | 11/15/2035 | 900,000 | 1,049,578 | |
Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels) | 5.300% | 12/01/2034 | 1,000,000 | 1,231,555 | |
Marathon Oil Corp. (Oil, Gas & Consumable Fuels) | 3.850% | 06/01/2025 | 850,000 | 910,979 | |
Marathon Petroleum Corp. (Oil, Gas & Consumable Fuels) | 4.750% | 09/15/2044 | 1,000,000 | 1,146,051 | |
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 5.850% | 01/15/2026 | 1,200,000 | 1,437,027 | |
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 6.000% | 06/15/2035 | 1,000,000 | 1,223,824 | |
Sabine Pass Liquefaction LLC (Oil, Gas & Consumable Fuels) | (a) | 4.500% | 05/15/2030 | 600,000 | 710,813 |
Shell International Finance B.V. (Oil, Gas & Consumable Fuels) | 4.000% | 05/10/2046 | 1,000,000 | 1,257,862 | |
Tennessee Gas Pipeline Co. LLC (Oil, Gas & Consumable Fuels) | (a) | 2.900% | 03/01/2030 | 1,000,000 | 1,068,781 |
Texas Eastern Transmission LP (Oil, Gas & Consumable Fuels) | (a) | 4.150% | 01/15/2048 | 1,000,000 | 1,108,734 |
Williams Cos., Inc. / The (Oil, Gas & Consumable Fuels) | 3.750% | 06/15/2027 | 1,000,000 | 1,140,612 | |
Williams Cos., Inc. / The (Oil, Gas & Consumable Fuels) | 5.400% | 03/04/2044 | 1,000,000 | 1,233,380 | |
28,759,053 | |||||
Financials–25.7% | |||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Diversified Financial Svs.) | 3.300% | 01/23/2023 | 2,000,000 | 2,086,627 | |
American Express Co. (Consumer Finance) | QL + 75 | 08/03/2023 | 1,000,000 | 1,012,919 | |
American International Group, Inc. (Insurance) | 3.875% | 01/15/2035 | 2,500,000 | 2,997,540 |
Ohio National Fund, Inc. | ON Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Financials (continued) | |||||
Bank of America Corp. (Banks) | 3.875% | 08/01/2025 | $1,000,000 | $ 1,140,419 | |
Bank of America Corp. (Rate is fixed until 01/23/2025, at which point, the rate becomes QL + 81) (Banks) | (b) | 3.366% | 01/23/2026 | 2,000,000 | 2,201,396 |
Bank of America Corp. (Rate is fixed until 04/24/2037, at which point, the rate becomes QL + 181) (Banks) | (b) | 4.244% | 04/24/2038 | 1,000,000 | 1,230,445 |
Bank of Montreal (Rate is fixed until 12/15/2027, at which point, the rate becomes USSW5 + 143) (Banks) | (b) | 3.803% | 12/15/2032 | 2,800,000 | 3,172,473 |
Berkshire Hathaway, Inc. (Diversified Financial Svs.) | 3.125% | 03/15/2026 | 900,000 | 1,005,350 | |
BlackRock, Inc. (Capital Markets) | 2.400% | 04/30/2030 | 1,000,000 | 1,094,946 | |
Capital One Bank U.S.A. N.A. (Rate is fixed until 01/28/2025, at which point, the rate becomes SOFR + 91) (Consumer Finance) | (b) | 2.280% | 01/28/2026 | 1,500,000 | 1,568,880 |
Citigroup, Inc. (Banks) | 4.400% | 06/10/2025 | 2,000,000 | 2,286,830 | |
Citigroup, Inc. (Banks) | 3.700% | 01/12/2026 | 1,000,000 | 1,136,104 | |
Citigroup, Inc. (Banks) | 4.450% | 09/29/2027 | 2,000,000 | 2,358,007 | |
Discover Bank (Rate is fixed until 08/09/2023, at which point, the rate becomes USSW5 + 173) (Banks) | (b) | 4.682% | 08/09/2028 | 2,000,000 | 2,126,000 |
E*TRADE Financial Corp. (Capital Markets) | 2.950% | 08/24/2022 | 1,800,000 | 1,869,448 | |
Ford Motor Credit Co. LLC (Consumer Finance) | QL + 88 | 10/12/2021 | 2,000,000 | 1,976,111 | |
General Motors Financial Co., Inc. (Consumer Finance) | 3.200% | 07/06/2021 | 2,000,000 | 2,021,503 | |
General Motors Financial Co., Inc. (Consumer Finance) | QL + 99 | 01/05/2023 | 2,000,000 | 1,998,101 | |
Goldman Sachs Group, Inc. / The (Capital Markets) | 3.750% | 05/22/2025 | 2,000,000 | 2,245,022 | |
Goldman Sachs Group, Inc. / The (Rate is fixed until 04/23/2028, at which point, the rate becomes QL + 116) (Capital Markets) | (b) | 3.814% | 04/23/2029 | 2,000,000 | 2,316,368 |
Intercontinental Exchange, Inc. (Capital Markets) | 3.750% | 12/01/2025 | 1,000,000 | 1,135,667 | |
Jefferies Group LLC / Jefferies Group Capital Finance, Inc. (Diversified Financial Svs.) | 4.850% | 01/15/2027 | 1,800,000 | 2,104,812 | |
JPMorgan Chase & Co. (Banks) | 3.625% | 12/01/2027 | 2,000,000 | 2,273,775 | |
JPMorgan Chase & Co. (Rate is fixed until 05/13/2030, at which point, the rate becomes SOFR + 252) (Banks) | (b) | 2.956% | 05/13/2031 | 2,000,000 | 2,192,471 |
Marsh & McLennan Cos., Inc. (Insurance) | 3.500% | 06/03/2024 | 1,400,000 | 1,526,669 | |
Morgan Stanley (Capital Markets) | QL + 140 | 10/24/2023 | 1,260,000 | 1,283,921 | |
Morgan Stanley (Capital Markets) | 3.950% | 04/23/2027 | 1,000,000 | 1,156,132 | |
Morgan Stanley (Rate is fixed until 01/23/2029, at which point, the rate becomes QL + 163) (Capital Markets) | (b) | 4.431% | 01/23/2030 | 2,000,000 | 2,437,131 |
Nasdaq, Inc. (Capital Markets) | 3.850% | 06/30/2026 | 2,000,000 | 2,294,870 | |
PNC Bank N.A. (Banks) | 2.700% | 10/22/2029 | 2,500,000 | 2,732,028 | |
S&P Global, Inc. (Capital Markets) | 1.250% | 08/15/2030 | 600,000 | 591,146 | |
Synchrony Financial (Consumer Finance) | 4.250% | 08/15/2024 | 1,000,000 | 1,104,748 | |
Synchrony Financial (Consumer Finance) | 5.150% | 03/19/2029 | 2,000,000 | 2,410,303 | |
TD Ameritrade Holding Corp. (Capital Markets) | 3.300% | 04/01/2027 | 2,000,000 | 2,240,171 | |
Truist Bank (Banks) | 3.625% | 09/16/2025 | 1,000,000 | 1,126,713 | |
U.S. Bancorp (Banks) | 1.375% | 07/22/2030 | 2,000,000 | 2,003,605 | |
Wells Fargo & Co. (Banks) | 3.000% | 04/22/2026 | 1,000,000 | 1,100,336 | |
Wells Fargo & Co. (Rate is fixed until 10/30/2029, at which point, the rate becomes QL + 117) (Banks) | (b) | 2.879% | 10/30/2030 | 2,000,000 | 2,180,843 |
Wells Fargo & Co. (Rate is fixed until 04/30/2040, at which point, the rate becomes SOFR + 253) (Banks) | (b) | 3.068% | 04/30/2041 | 1,200,000 | 1,305,398 |
Wells Fargo & Co. (Banks) | 4.650% | 11/04/2044 | 1,000,000 | 1,277,308 | |
Westpac Banking Corp. (Rate is fixed until 02/04/2025, at which point, the rate becomes H15T5Y + 135) (Banks) | (b) | 2.894% | 02/04/2030 | 1,500,000 | 1,572,209 |
Westpac Banking Corp. (Rate is fixed until 11/23/2026, at which point, the rate becomes USISDA05 + 224) (Banks) | (b) | 4.322% | 11/23/2031 | 1,800,000 | 2,051,718 |
75,946,463 | |||||
Health Care–4.6% | |||||
AbbVie, Inc. (Biotechnology) | 3.200% | 11/21/2029 | 1,000,000 | 1,120,128 | |
AbbVie, Inc. (Biotechnology) | 4.250% | 11/21/2049 | 3,000,000 | 3,760,108 | |
Bristol-Myers Squibb Co. (Pharmaceuticals) | 3.875% | 08/15/2025 | 2,000,000 | 2,282,808 | |
HCA, Inc. (Health Care Providers & Svs.) | 5.250% | 06/15/2026 | 1,000,000 | 1,183,248 | |
Quest Diagnostics, Inc. (Health Care Providers & Svs.) | 2.950% | 06/30/2030 | 2,000,000 | 2,200,936 | |
Quest Diagnostics, Inc. (Health Care Providers & Svs.) | 2.800% | 06/30/2031 | 1,200,000 | 1,314,839 | |
Regeneron Pharmaceuticals, Inc. (Biotechnology) | 1.750% | 09/15/2030 | 1,800,000 | 1,771,482 | |
13,633,549 | |||||
Industrials–8.6% | |||||
Air Lease Corp. (Trading Companies & Distributors) | 2.250% | 01/15/2023 | 2,000,000 | 2,053,357 | |
Air Lease Corp. (Trading Companies & Distributors) | 2.300% | 02/01/2025 | 2,000,000 | 2,069,981 | |
BAE Systems PLC (Aerospace & Defense) | (a) | 1.900% | 02/15/2031 | 2,000,000 | 2,020,701 |
Boeing Co. / The (Aerospace & Defense) | 3.200% | 03/01/2029 | 3,000,000 | 3,165,430 | |
Burlington Northern Santa Fe LLC (Road & Rail) | 4.550% | 09/01/2044 | 900,000 | 1,213,839 | |
FedEx Corp. (Air Freight & Logistics) | 4.900% | 01/15/2034 | 2,000,000 | 2,579,651 | |
Lockheed Martin Corp. (Aerospace & Defense) | 1.850% | 06/15/2030 | 1,200,000 | 1,258,263 |
Ohio National Fund, Inc. | ON Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Industrials (continued) | |||||
Lockheed Martin Corp. (Aerospace & Defense) | 3.600% | 03/01/2035 | $1,000,000 | $ 1,206,714 | |
Northrop Grumman Corp. (Aerospace & Defense) | 2.930% | 01/15/2025 | 2,500,000 | 2,718,658 | |
Parker-Hannifin Corp. (Machinery) | 4.200% | 11/21/2034 | 1,400,000 | 1,729,017 | |
Union Pacific Corp. (Road & Rail) | 3.250% | 08/15/2025 | 1,000,000 | 1,107,483 | |
United Rentals North America, Inc. (Trading Companies & Distributors) | 5.250% | 01/15/2030 | 2,000,000 | 2,220,000 | |
Waste Connections, Inc. (Commercial Svs. & Supplies) | 4.250% | 12/01/2028 | 1,800,000 | 2,142,203 | |
25,485,297 | |||||
Information Technology–0.7% | |||||
Hewlett Packard Enterprise Co. (Tech. Hardware, Storage & Periph.) | 4.900% | 10/15/2025 | 850,000 | 995,067 | |
Seagate HDD Cayman (Tech. Hardware, Storage & Periph.) | 4.875% | 03/01/2024 | 900,000 | 977,877 | |
1,972,944 | |||||
Materials–8.5% | |||||
Anglo American Capital PLC (Metals & Mining) | (a) | 4.750% | 04/10/2027 | 1,000,000 | 1,179,212 |
Anglo American Capital PLC (Metals & Mining) | (a) | 4.000% | 09/11/2027 | 900,000 | 1,033,061 |
Dow Chemical Co. / The (Chemicals) | 4.250% | 10/01/2034 | 2,000,000 | 2,413,205 | |
DuPont de Nemours, Inc. (Chemicals) | 2.169% | 05/01/2023 | 2,000,000 | 2,026,378 | |
Kinross Gold Corp. (Metals & Mining) | 4.500% | 07/15/2027 | 3,000,000 | 3,468,332 | |
Mosaic Co. / The (Chemicals) | 4.050% | 11/15/2027 | 3,000,000 | 3,395,666 | |
Nutrien Ltd. (Chemicals) | 4.200% | 04/01/2029 | 1,900,000 | 2,270,822 | |
RPM International, Inc. (Chemicals) | 4.250% | 01/15/2048 | 3,000,000 | 3,300,830 | |
Steel Dynamics, Inc. (Metals & Mining) | 2.800% | 12/15/2024 | 1,200,000 | 1,289,879 | |
Steel Dynamics, Inc. (Metals & Mining) | 3.250% | 01/15/2031 | 1,200,000 | 1,341,139 | |
Syngenta Finance N.V. (Chemicals) | (a) | 5.182% | 04/24/2028 | 1,000,000 | 1,071,747 |
Yamana Gold, Inc. (Metals & Mining) | 4.625% | 12/15/2027 | 2,000,000 | 2,185,892 | |
24,976,163 | |||||
Real Estate–3.4% | |||||
Alexandria Real Estate Equities, Inc. (Equity REIT) | 3.950% | 01/15/2028 | 1,000,000 | 1,161,088 | |
Federal Realty Investment Trust (Equity REIT) | 3.250% | 07/15/2027 | 2,000,000 | 2,174,357 | |
Healthcare Realty Trust, Inc. (Equity REIT) | 3.875% | 05/01/2025 | 1,400,000 | 1,550,709 | |
Healthcare Realty Trust, Inc. (Equity REIT) | 3.625% | 01/15/2028 | 1,000,000 | 1,132,580 | |
Healthpeak Properties, Inc. (Equity REIT) | 4.000% | 06/01/2025 | 1,500,000 | 1,701,923 | |
Welltower, Inc. (Equity REIT) | 4.250% | 04/01/2026 | 1,000,000 | 1,164,089 | |
Welltower, Inc. (Equity REIT) | 2.700% | 02/15/2027 | 1,000,000 | 1,101,554 | |
9,986,300 | |||||
Utilities–8.0% | |||||
AEP Transmission Co. LLC (Electric Utilities) | 4.000% | 12/01/2046 | 1,000,000 | 1,242,798 | |
AEP Transmission Co. LLC (Electric Utilities) | 3.750% | 12/01/2047 | 1,351,000 | 1,643,645 | |
Ameren Corp. (Multi-Utilities) | 3.500% | 01/15/2031 | 2,000,000 | 2,298,711 | |
American Water Capital Corp. (Water Utilities) | 4.300% | 12/01/2042 | 1,400,000 | 1,820,730 | |
Berkshire Hathaway Energy Co. (Multi-Utilities) | 3.250% | 04/15/2028 | 1,900,000 | 2,171,122 | |
Commonwealth Edison Co. (Electric Utilities) | 4.350% | 11/15/2045 | 2,000,000 | 2,603,391 | |
Connecticut Light & Power Co. / The (Electric Utilities) | 4.000% | 04/01/2048 | 1,000,000 | 1,292,642 | |
Duke Energy Corp. (Electric Utilities) | 3.750% | 09/01/2046 | 1,000,000 | 1,163,565 | |
Eversource Energy (Electric Utilities) | 3.300% | 01/15/2028 | 1,000,000 | 1,121,733 | |
FirstEnergy Transmission LLC (Electric Utilities) | (a) | 4.550% | 04/01/2049 | 1,800,000 | 2,098,693 |
Florida Power & Light Co. (Electric Utilities) | 3.150% | 10/01/2049 | 2,000,000 | 2,300,735 | |
Jersey Central Power & Light Co. (Electric Utilities) | (a) | 4.300% | 01/15/2026 | 900,000 | 1,006,202 |
Public Service Electric & Gas Co. (Multi-Utilities) | 3.600% | 12/01/2047 | 1,500,000 | 1,802,730 | |
Southwest Gas Corp. (Gas Utilities) | 3.875% | 04/01/2022 | 1,000,000 | 1,032,277 | |
23,598,974 | |||||
Total Corporate Bonds (Cost $243,493,795) | $273,294,487 |
Asset-Backed Securities–2.6% | Rate | Maturity | Face Amount | Value | |
Industrials–2.6% | |||||
Air Canada 2017-1 Class B Pass Through Trust | (a) | 3.700% | 01/15/2026 | $2,010,582 | $ 1,861,755 |
American Airlines 2015-1 Class B Pass Through Trust | 3.700% | 05/01/2023 | 514,859 | 430,263 | |
FedEx Corp. 2020-1 CLASS AA Pass Through Trust | 1.875% | 02/20/2034 | 3,000,000 | 3,087,496 | |
United Airlines 2016-1 Class B Pass Through Trust | 3.650% | 01/07/2026 | 1,414,583 | 1,387,258 | |
United Airlines 2019-2 Class AA Pass Through Trust | 2.700% | 05/01/2032 | 985,231 | 950,150 | |
Total Asset-Backed Securities (Cost $7,925,408) | $ 7,716,922 |
Ohio National Fund, Inc. | ON Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Money Market Funds–1.3% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.097% | (c) | 3,681,460 | $ 3,682,196 |
Total Money Market Funds (Cost $3,682,196) | $ 3,682,196 | ||
Total Investments – 96.5% (Cost $255,101,399) | (d) | $284,693,605 | |
Other Assets in Excess of Liabilities – 3.5% | 10,367,988 | ||
Net Assets – 100.0% | $295,061,593 |
Percentages are stated as a percent of net assets. |
Abbreviations: | ||
H15T5Y: | U.S. Treasury Yield Curve Rate T-Note Constant Maturity 5 Year, 0.360% at 12/31/2020 | |
QL: | Quarterly U.S. LIBOR Rate, 0.238% at 12/31/2020 | |
SOFR: | Secured Overnight Financing Rate, 0.070% at 12/31/2020 | |
USISDA05: | USD ICE Swap Rate 11:00am NY 5 Year, 0.432% at 12/31/2020 | |
USSW5: | USD Swap Semi 30/360 5 Year, 0.430% at 12/31/2020 |
Footnotes: | ||
(a) | Security exempt from registration under Regulation D of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified buyers under Rule 144A. At December 31, 2020, the value of these securities totaled $18,476,847, or 6.3% of the Portfolio’s net assets. | |
(b) | Security is a fixed-then-variable rate instrument in which the coupon or dividend rate is fixed until a later specified date, then is adjusted periodically. Rates stated, including interest rate caps and floors, if any, are those in effect at December 31, 2020. | |
(c) | Rate represents the seven-day yield at December 31, 2020. | |
(d) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 8 of the Notes to Financial Statements. |
Ohio National Fund, Inc. | ON BlackRock Balanced Allocation Portfolio (Unaudited) |
Average Annual returns | |
One year | 15.65% |
Five years | 11.26% |
Ten years | 10.60% |
Ohio National Fund, Inc. | ON BlackRock Balanced Allocation Portfolio (Unaudited) (Continued) |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2020. |
Ohio National Fund, Inc. | ON BlackRock Balanced Allocation Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2020 (1) | |
% of Net Assets | |
Common Stocks (4) | 69.0 |
Corporate Bonds (4) | 28.1 |
Asset-Backed Securities (4) | 0.6 |
Rights (4) | 0.0 |
Money Market Funds and Other Net Assets | 2.3 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2020 (1) (2) (3) | ||
% of Net Assets | ||
1. | Apple, Inc. | 4.1 |
2. | Microsoft Corp. | 3.5 |
3. | Amazon.com, Inc. | 3.2 |
4. | Alphabet, Inc. Class A | 1.6 |
5. | NVIDIA Corp. | 1.4 |
6. | Tesla, Inc. | 1.4 |
7. | JPMorgan Chase & Co. | 1.3 |
8. | Home Depot, Inc. / The | 1.2 |
9. | Walt Disney Co. / The | 1.2 |
10. | Adobe, Inc. | 1.2 |
(1) | Composition of Portfolio subject to change. | |
(2) | Short-term investments have been excluded from the list of Top 10 Portfolio Holdings. | |
(3) | Top 10 Portfolio Holdings is presented at an individual security level. Total investment exposure by issuer may be higher. | |
(4) | Sectors (Common Stocks, Corporate Bonds, Asset-Backed Securities, Rights): |
% of Net Assets | |
Information Technology | 20.1 |
Financials | 14.7 |
Health Care | 10.9 |
Consumer Discretionary | 10.5 |
Communication Services | 9.6 |
Industrials | 8.5 |
Consumer Staples | 7.4 |
Utilities | 5.9 |
Energy | 4.1 |
Materials | 3.1 |
Real Estate | 2.9 |
97.7 |
Ohio National Fund, Inc. | ON BlackRock Balanced Allocation Portfolio |
Schedule of Investments | December 31, 2020 |
Common Stocks–69.0% | Shares | Value | |
Communication Services–7.1% | |||
Activision Blizzard, Inc. (Entertainment) | 10,002 | $ 928,686 | |
Alphabet, Inc. Class A (Interactive Media & Svs.) | (a) | 5,027 | 8,810,521 |
Alphabet, Inc. Class C (Interactive Media & Svs.) | (a) | 3,370 | 5,903,836 |
AT&T, Inc. (Diversified Telecom. Svs.) | 32,104 | 923,311 | |
Comcast Corp. Class A (Media) | 43,297 | 2,268,763 | |
Discovery, Inc. Class A (Media) | (a) | 41,251 | 1,241,243 |
Discovery, Inc. Class C (Media) | (a) | 3,766 | 98,631 |
Facebook, Inc. Class A (Interactive Media & Svs.) | (a) | 20,225 | 5,524,661 |
Netflix, Inc. (Entertainment) | (a) | 4,213 | 2,278,095 |
Sirius XM Holdings, Inc. (Media) | 190,285 | 1,212,115 | |
T-Mobile U.S., Inc. (Wireless Telecom. Svs.) | (a) | 321 | 43,287 |
Twitter, Inc. (Interactive Media & Svs.) | (a) | 10,316 | 558,611 |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 15,381 | 903,634 | |
Walt Disney Co. / The (Entertainment) | (a) | 34,681 | 6,283,504 |
Warner Music Group Corp. Class A (Entertainment) | 8,728 | 331,577 | |
World Wrestling Entertainment, Inc. Class A (Entertainment) | 1,986 | 95,427 | |
Zynga, Inc. Class A (Entertainment) | (a) | 35,486 | 350,247 |
37,756,149 | |||
Consumer Discretionary–8.4% | |||
Amazon.com, Inc. (Internet & Direct Marketing Retail) | (a) | 5,246 | 17,085,855 |
Aptiv PLC (Auto Components) | 10,035 | 1,307,460 | |
Booking Holdings, Inc. (Internet & Direct Marketing Retail) | (a) | 174 | 387,545 |
BorgWarner, Inc. (Auto Components) | 4,811 | 185,897 | |
Bright Horizons Family Solutions, Inc. (Diversified Consumer Svs.) | (a) | 853 | 147,560 |
Chipotle Mexican Grill, Inc. (Hotels, Restaurants & Leisure) | (a) | 389 | 539,430 |
DraftKings, Inc. Class A (Hotels, Restaurants & Leisure) | (a) | 2,296 | 106,902 |
Etsy, Inc. (Internet & Direct Marketing Retail) | (a) | 538 | 95,716 |
Home Depot, Inc. / The (Specialty Retail) | 23,916 | 6,352,568 | |
Lowe's Cos., Inc. (Specialty Retail) | 2,420 | 388,434 | |
McDonald's Corp. (Hotels, Restaurants & Leisure) | 11,833 | 2,539,125 | |
NIKE, Inc. Class B (Textiles, Apparel & Luxury Goods) | 18,533 | 2,621,863 | |
Nordstrom, Inc. (Multiline Retail) | 13,460 | 420,087 | |
Planet Fitness, Inc. Class A (Hotels, Restaurants & Leisure) | (a) | 8,114 | 629,890 |
Pool Corp. (Distributors) | 698 | 260,005 | |
Ralph Lauren Corp. (Textiles, Apparel & Luxury Goods) | 4,670 | 484,466 | |
Starbucks Corp. (Hotels, Restaurants & Leisure) | 16,313 | 1,745,165 | |
Target Corp. (Multiline Retail) | 2,449 | 432,322 | |
Tesla, Inc. (Automobiles) | (a) | 10,314 | 7,278,280 |
TJX Cos., Inc. / The (Specialty Retail) | 8,311 | 567,558 | |
Wayfair, Inc. Class A (Internet & Direct Marketing Retail) | (a) | 128 | 28,904 |
Wendy's Co. / The (Hotels, Restaurants & Leisure) | 13,122 | 287,634 | |
Wyndham Destinations, Inc. (Hotels, Restaurants & Leisure) | 23,214 | 1,041,380 | |
Wyndham Hotels & Resorts, Inc. (Hotels, Restaurants & Leisure) | 1,427 | 84,821 | |
45,018,867 | |||
Consumer Staples–4.8% | |||
Brown-Forman Corp. Class B (Beverages) | 8,028 | 637,664 | |
Clorox Co. / The (Household Products) | 12,579 | 2,539,952 | |
Coca-Cola Co. / The (Beverages) | 55,295 | 3,032,378 | |
Colgate-Palmolive Co. (Household Products) | 45,067 | 3,853,679 | |
Costco Wholesale Corp. (Food & Staples Retailing) | 13,783 | 5,193,159 | |
Estee Lauder Cos., Inc. / The Class A (Personal Products) | 6,942 | 1,847,891 | |
General Mills, Inc. (Food Products) | 23,986 | 1,410,377 | |
Hershey Co. / The (Food Products) | 18,303 | 2,788,096 | |
Kellogg Co. (Food Products) | 2,666 | 165,905 | |
McCormick & Co., Inc. (Food Products) | 15,650 | 1,496,140 | |
PepsiCo, Inc. (Beverages) | 11,662 | 1,729,474 | |
Procter & Gamble Co. / The (Household Products) | 2,112 | 293,864 | |
Walmart, Inc. (Food & Staples Retailing) | 4,174 | 601,682 | |
25,590,261 | |||
Energy–1.3% | |||
Cheniere Energy, Inc. (Oil, Gas & Consumable Fuels) | (a) | 4,711 | 282,801 |
Chevron Corp. (Oil, Gas & Consumable Fuels) | 2,833 | 239,247 | |
EOG Resources, Inc. (Oil, Gas & Consumable Fuels) | 21,151 | 1,054,800 | |
Exxon Mobil Corp. (Oil, Gas & Consumable Fuels) | 5,276 | 217,477 | |
PDC Energy, Inc. (Oil, Gas & Consumable Fuels) | (a) | 5,176 | 106,263 |
Phillips 66 (Oil, Gas & Consumable Fuels) | 35,102 | 2,455,034 |
Ohio National Fund, Inc. | ON BlackRock Balanced Allocation Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Energy (continued) | |||
Schlumberger N.V. (Energy Equip. & Svs.) | 77,985 | $ 1,702,413 | |
TechnipFMC PLC (Energy Equip. & Svs.) | 36,264 | 340,882 | |
Valero Energy Corp. (Oil, Gas & Consumable Fuels) | 6,307 | 356,787 | |
6,755,704 | |||
Financials–7.5% | |||
Aflac, Inc. (Insurance) | 20,898 | 929,334 | |
Ally Financial, Inc. (Consumer Finance) | 1,965 | 70,072 | |
American Express Co. (Consumer Finance) | 22,724 | 2,747,559 | |
Arch Capital Group Ltd. (Insurance) | (a) | 1,796 | 64,782 |
Athene Holding Ltd. Class A (Insurance) | (a) | 16,848 | 726,823 |
Bank of America Corp. (Banks) | 120,139 | 3,641,413 | |
Bank of Hawaii Corp. (Banks) | 2,063 | 158,067 | |
Bank of New York Mellon Corp. / The (Capital Markets) | 7,281 | 309,006 | |
Berkshire Hathaway, Inc. Class B (Diversified Financial Svs.) | (a) | 4,992 | 1,157,495 |
CBOE Global Markets, Inc. (Capital Markets) | 3,641 | 339,050 | |
Charles Schwab Corp. / The (Capital Markets) | 11,134 | 590,547 | |
Citigroup, Inc. (Banks) | 14,050 | 866,323 | |
CME Group, Inc. (Capital Markets) | 8,019 | 1,459,859 | |
Cullen / Frost Bankers, Inc. (Banks) | 1,908 | 166,435 | |
Essent Group Ltd. (Thrifts & Mortgage Finance) | 4,001 | 172,843 | |
FactSet Research Systems, Inc. (Capital Markets) | 2,464 | 819,280 | |
First American Financial Corp. (Insurance) | 15,511 | 800,833 | |
First Horizon Corp. (Banks) | 26,615 | 339,607 | |
JPMorgan Chase & Co. (Banks) | 53,429 | 6,789,223 | |
Marsh & McLennan Cos., Inc. (Insurance) | 15,261 | 1,785,537 | |
MGIC Investment Corp. (Thrifts & Mortgage Finance) | 17,550 | 220,252 | |
Moody's Corp. (Capital Markets) | 10,907 | 3,165,648 | |
Morgan Stanley (Capital Markets) | 44,867 | 3,074,736 | |
New York Community Bancorp, Inc. (Thrifts & Mortgage Finance) | 95,555 | 1,008,105 | |
Pinnacle Financial Partners, Inc. (Banks) | 5,114 | 329,342 | |
PNC Financial Services Group, Inc. / The (Banks) | 666 | 99,234 | |
Progressive Corp. / The (Insurance) | 8,913 | 881,317 | |
Radian Group, Inc. (Thrifts & Mortgage Finance) | 7,443 | 150,721 | |
Rocket Cos., Inc. Class A (Thrifts & Mortgage Finance) | (a) | 39,681 | 802,350 |
S&P Global, Inc. (Capital Markets) | 2,708 | 890,201 | |
T. Rowe Price Group, Inc. (Capital Markets) | 3,348 | 506,854 | |
Travelers Cos., Inc. / The (Insurance) | 6,633 | 931,074 | |
Truist Financial Corp. (Banks) | 7,393 | 354,346 | |
U.S. Bancorp (Banks) | 10,296 | 479,691 | |
Wells Fargo & Co. (Banks) | 94,301 | 2,846,004 | |
Willis Towers Watson PLC (Insurance) | 1,496 | 315,177 | |
Wintrust Financial Corp. (Banks) | 900 | 54,981 | |
40,044,121 | |||
Health Care–8.9% | |||
AbbVie, Inc. (Biotechnology) | 20,499 | 2,196,468 | |
Agilent Technologies, Inc. (Life Sciences Tools & Svs.) | 11,675 | 1,383,371 | |
Align Technology, Inc. (Health Care Equip. & Supplies) | (a) | 532 | 284,290 |
Amgen, Inc. (Biotechnology) | 10,367 | 2,383,581 | |
Anthem, Inc. (Health Care Providers & Svs.) | 5,484 | 1,760,858 | |
Becton Dickinson and Co. (Health Care Equip. & Supplies) | 1,428 | 357,314 | |
Biogen, Inc. (Biotechnology) | (a) | 2,241 | 548,731 |
Boston Scientific Corp. (Health Care Equip. & Supplies) | (a) | 16,416 | 590,155 |
Bristol-Myers Squibb Co. (Pharmaceuticals) | 66,065 | 4,098,012 | |
Cardinal Health, Inc. (Health Care Providers & Svs.) | 17,016 | 911,377 | |
Catalent, Inc. (Pharmaceuticals) | (a) | 2,035 | 211,782 |
Cerner Corp. (Health Care Technology) | 3,921 | 307,720 | |
Cigna Corp. (Health Care Providers & Svs.) | 2,865 | 596,436 | |
Danaher Corp. (Health Care Equip. & Supplies) | 5,963 | 1,324,621 | |
DexCom, Inc. (Health Care Equip. & Supplies) | (a) | 2,960 | 1,094,371 |
Edwards Lifesciences Corp. (Health Care Equip. & Supplies) | (a) | 27,006 | 2,463,757 |
Eli Lilly & Co. (Pharmaceuticals) | 1,863 | 314,549 | |
Gilead Sciences, Inc. (Biotechnology) | 26,829 | 1,563,058 | |
Global Blood Therapeutics, Inc. (Biotechnology) | (a) | 1,191 | 51,582 |
Henry Schein, Inc. (Health Care Providers & Svs.) | (a) | 15,613 | 1,043,885 |
IDEXX Laboratories, Inc. (Health Care Equip. & Supplies) | (a) | 2,884 | 1,441,625 |
Johnson & Johnson (Pharmaceuticals) | 32,040 | 5,042,455 | |
McKesson Corp. (Health Care Providers & Svs.) | 8,051 | 1,400,230 | |
Medtronic PLC (Health Care Equip. & Supplies) | 12,801 | 1,499,509 |
Ohio National Fund, Inc. | ON BlackRock Balanced Allocation Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
Merck & Co., Inc. (Pharmaceuticals) | 21,383 | $ 1,749,129 | |
Pfizer, Inc. (Pharmaceuticals) | 64,525 | 2,375,165 | |
Regeneron Pharmaceuticals, Inc. (Biotechnology) | (a) | 1,214 | 586,496 |
Stryker Corp. (Health Care Equip. & Supplies) | 6,769 | 1,658,676 | |
Thermo Fisher Scientific, Inc. (Life Sciences Tools & Svs.) | 2,912 | 1,356,351 | |
UnitedHealth Group, Inc. (Health Care Providers & Svs.) | 11,765 | 4,125,750 | |
Vertex Pharmaceuticals, Inc. (Biotechnology) | (a) | 5,055 | 1,194,699 |
Zoetis, Inc. (Pharmaceuticals) | 10,624 | 1,758,272 | |
47,674,275 | |||
Industrials–5.8% | |||
3M Co. (Industrial Conglomerates) | 11,499 | 2,009,910 | |
Alaska Air Group, Inc. (Airlines) | 11,966 | 622,232 | |
Allegion PLC (Building Products) | 10,090 | 1,174,274 | |
Boeing Co. / The (Aerospace & Defense) | 1,265 | 270,786 | |
C.H. Robinson Worldwide, Inc. (Air Freight & Logistics) | 3,366 | 315,966 | |
Canadian Pacific Railway Ltd. (Road & Rail) | 476 | 165,024 | |
Cintas Corp. (Commercial Svs. & Supplies) | 1,648 | 582,502 | |
Copart, Inc. (Commercial Svs. & Supplies) | (a) | 6,836 | 869,881 |
CSX Corp. (Road & Rail) | 4,942 | 448,486 | |
Cummins, Inc. (Machinery) | 2,200 | 499,620 | |
Deere & Co. (Machinery) | 5,585 | 1,502,644 | |
Delta Air Lines, Inc. (Airlines) | 3,084 | 124,008 | |
EMCOR Group, Inc. (Construction & Engineering) | 4,065 | 371,785 | |
Equifax, Inc. (Professional Svs.) | 409 | 78,872 | |
Expeditors International of Washington, Inc. (Air Freight & Logistics) | 21,109 | 2,007,677 | |
Fastenal Co. (Trading Companies & Distributors) | 8,528 | 416,422 | |
GATX Corp. (Trading Companies & Distributors) | 494 | 41,091 | |
Honeywell International, Inc. (Industrial Conglomerates) | 20,541 | 4,369,071 | |
IHS Markit Ltd. (Professional Svs.) | 13,158 | 1,181,983 | |
Knight-Swift Transportation Holdings, Inc. (Road & Rail) | 1,773 | 74,147 | |
L3Harris Technologies, Inc. (Aerospace & Defense) | 1,794 | 339,102 | |
Landstar System, Inc. (Road & Rail) | 736 | 99,110 | |
Lennox International, Inc. (Building Products) | 4,432 | 1,214,235 | |
Lockheed Martin Corp. (Aerospace & Defense) | 9,555 | 3,391,834 | |
Lyft, Inc. Class A (Road & Rail) | (a) | 4,890 | 240,246 |
Macquarie Infrastructure Corp. (Transportation Infrastructure) | 2,232 | 83,812 | |
Masco Corp. (Building Products) | 1,452 | 79,758 | |
Northrop Grumman Corp. (Aerospace & Defense) | 4,336 | 1,321,266 | |
Oshkosh Corp. (Machinery) | 13,388 | 1,152,305 | |
Robert Half International, Inc. (Professional Svs.) | 6,713 | 419,428 | |
Rockwell Automation, Inc. (Electrical Equip.) | 2,560 | 642,074 | |
Roper Technologies, Inc. (Industrial Conglomerates) | 2,558 | 1,102,728 | |
Snap-on, Inc. (Machinery) | 3,576 | 611,997 | |
United Airlines Holdings, Inc. (Airlines) | (a) | 4,530 | 195,923 |
Verisk Analytics, Inc. (Professional Svs.) | 2,273 | 471,852 | |
W.W. Grainger, Inc. (Trading Companies & Distributors) | 1,703 | 695,403 | |
Xylem, Inc. (Machinery) | 19,151 | 1,949,380 | |
31,136,834 | |||
Information Technology–19.4% | |||
Accenture PLC Class A (IT Svs.) | 16,023 | 4,185,368 | |
Adobe, Inc. (Software) | (a) | 12,508 | 6,255,501 |
Advanced Micro Devices, Inc. (Semiconductors & Equip.) | (a) | 13,159 | 1,206,812 |
Analog Devices, Inc. (Semiconductors & Equip.) | 19,372 | 2,861,825 | |
Apple, Inc. (Tech. Hardware, Storage & Periph.) | 164,698 | 21,853,778 | |
Applied Materials, Inc. (Semiconductors & Equip.) | 28,296 | 2,441,945 | |
Automatic Data Processing, Inc. (IT Svs.) | 11,796 | 2,078,455 | |
Cadence Design Systems, Inc. (Software) | (a) | 8,988 | 1,226,233 |
Cirrus Logic, Inc. (Semiconductors & Equip.) | (a) | 1,231 | 101,188 |
Cisco Systems, Inc. (Communications Equip.) | 66,944 | 2,995,744 | |
Fiserv, Inc. (IT Svs.) | (a) | 24,896 | 2,834,658 |
Hewlett Packard Enterprise Co. (Tech. Hardware, Storage & Periph.) | 213,395 | 2,528,731 | |
Intel Corp. (Semiconductors & Equip.) | 64,656 | 3,221,162 | |
Mastercard, Inc. Class A (IT Svs.) | 8,511 | 3,037,916 | |
Microsoft Corp. (Software) | 84,280 | 18,745,558 | |
National Instruments Corp. (Electronic Equip., Instr. & Comp.) | 1,302 | 57,210 | |
NetApp, Inc. (Tech. Hardware, Storage & Periph.) | 7,530 | 498,787 | |
NVIDIA Corp. (Semiconductors & Equip.) | 14,526 | 7,585,477 | |
PayPal Holdings, Inc. (IT Svs.) | (a) | 13,225 | 3,097,295 |
Ohio National Fund, Inc. | ON BlackRock Balanced Allocation Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Information Technology (continued) | |||
QUALCOMM, Inc. (Semiconductors & Equip.) | 10,017 | $ 1,525,990 | |
salesforce.com, Inc. (Software) | (a) | 16,143 | 3,592,302 |
ServiceNow, Inc. (Software) | (a) | 7,503 | 4,129,876 |
Teradata Corp. (Software) | (a) | 11,355 | 255,147 |
Texas Instruments, Inc. (Semiconductors & Equip.) | 2,640 | 433,303 | |
Trimble, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 3,339 | 222,945 |
Visa, Inc. (IT Svs.) | 27,055 | 5,917,740 | |
VMware, Inc. Class A (Software) | (a) | 3,730 | 523,170 |
Zebra Technologies Corp. Class A (Electronic Equip., Instr. & Comp.) | (a) | 157 | 60,340 |
103,474,456 | |||
Materials–1.5% | |||
AptarGroup, Inc. (Containers & Packaging) | 650 | 88,979 | |
Ecolab, Inc. (Chemicals) | 13,948 | 3,017,789 | |
FMC Corp. (Chemicals) | 14,634 | 1,681,886 | |
PPG Industries, Inc. (Chemicals) | 13,588 | 1,959,661 | |
Reliance Steel & Aluminum Co. (Metals & Mining) | 2,596 | 310,871 | |
Sherwin-Williams Co. / The (Chemicals) | 962 | 706,983 | |
7,766,169 | |||
Real Estate–2.0% | |||
Alexandria Real Estate Equities, Inc. (Equity REIT) | 2,314 | 412,401 | |
American Tower Corp. (Equity REIT) | 4,577 | 1,027,353 | |
Boston Properties, Inc. (Equity REIT) | 6,852 | 647,720 | |
Brixmor Property Group, Inc. (Equity REIT) | 38,987 | 645,235 | |
Equinix, Inc. (Equity REIT) | 728 | 519,923 | |
Kilroy Realty Corp. (Equity REIT) | 8,748 | 502,135 | |
Kimco Realty Corp. (Equity REIT) | 24,891 | 373,614 | |
Prologis, Inc. (Equity REIT) | 44,210 | 4,405,969 | |
Regency Centers Corp. (Equity REIT) | 9,209 | 419,838 | |
Simon Property Group, Inc. (Equity REIT) | 20,132 | 1,716,857 | |
Welltower, Inc. (Equity REIT) | 1,308 | 84,523 | |
10,755,568 | |||
Utilities–2.3% | |||
Alliant Energy Corp. (Electric Utilities) | 14,301 | 736,931 | |
CMS Energy Corp. (Multi-Utilities) | 42,111 | 2,569,192 | |
Consolidated Edison, Inc. (Multi-Utilities) | 22,263 | 1,608,947 | |
Eversource Energy (Electric Utilities) | 12,444 | 1,076,530 | |
IDACORP, Inc. (Electric Utilities) | 1,343 | 128,968 | |
NextEra Energy, Inc. (Electric Utilities) | 71,041 | 5,480,813 | |
Pinnacle West Capital Corp. (Electric Utilities) | 5,060 | 404,547 | |
12,005,928 | |||
Total Common Stocks (Cost $308,363,585) | $367,978,332 |
Corporate Bonds–28.1% | Rate | Maturity | Face Amount | Value | |
Communication Services–2.5% | |||||
AT&T, Inc. (Diversified Telecom. Svs.) | 4.900% | 08/15/2037 | $ 1,000,000 | $ 1,252,569 | |
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. (Media) | 3.700% | 04/01/2051 | 1,200,000 | 1,243,941 | |
Comcast Corp. (Media) | 3.250% | 11/01/2039 | 2,000,000 | 2,266,770 | |
Lamar Media Corp. (Media) | 4.875% | 01/15/2029 | 800,000 | 850,000 | |
Rogers Communications, Inc. (Wireless Telecom. Svs.) | 3.700% | 11/15/2049 | 1,400,000 | 1,652,062 | |
Time Warner Cable LLC (Media) | 6.550% | 05/01/2037 | 150,000 | 205,687 | |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | (b) | 3.875% | 04/15/2030 | 1,200,000 | 1,389,612 |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 4.500% | 08/10/2033 | 1,000,000 | 1,259,875 | |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 4.400% | 11/01/2034 | 1,000,000 | 1,247,060 | |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 2.875% | 11/20/2050 | 1,000,000 | 1,006,533 | |
Walt Disney Co. / The (Entertainment) | 3.600% | 01/13/2051 | 750,000 | 908,628 | |
13,282,737 | |||||
Consumer Discretionary–2.1% | |||||
Amazon.com, Inc. (Internet & Direct Marketing Retail) | 3.875% | 08/22/2037 | 1,000,000 | 1,245,952 | |
Aptiv PLC (Auto Components) | 4.350% | 03/15/2029 | 150,000 | 174,238 | |
Best Buy Co., Inc. (Specialty Retail) | 1.950% | 10/01/2030 | 2,000,000 | 2,008,444 | |
Expedia Group, Inc. (Internet & Direct Marketing Retail) | (b) | 4.625% | 08/01/2027 | 1,000,000 | 1,116,576 |
Hasbro, Inc. (Leisure Products) | 3.900% | 11/19/2029 | 2,000,000 | 2,263,062 | |
Lear Corp. (Auto Components) | 3.500% | 05/30/2030 | 1,000,000 | 1,093,519 |
Ohio National Fund, Inc. | ON BlackRock Balanced Allocation Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Consumer Discretionary (continued) | |||||
Lowe's Cos., Inc. (Specialty Retail) | 3.000% | 10/15/2050 | $ 1,000,000 | $ 1,066,009 | |
Target Corp. (Multiline Retail) | 2.350% | 02/15/2030 | 2,000,000 | 2,184,279 | |
11,152,079 | |||||
Consumer Staples–2.6% | |||||
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 4.700% | 02/01/2036 | 2,000,000 | 2,536,812 | |
B.A.T. Capital Corp. (Tobacco) | 3.215% | 09/06/2026 | 1,000,000 | 1,101,104 | |
B.A.T. Capital Corp. (Tobacco) | 4.700% | 04/02/2027 | 1,000,000 | 1,175,435 | |
Campbell Soup Co. (Food Products) | 4.150% | 03/15/2028 | 2,000,000 | 2,351,307 | |
Costco Wholesale Corp. (Food & Staples Retailing) | 1.750% | 04/20/2032 | 800,000 | 830,905 | |
Diageo Capital PLC (Beverages) | 2.375% | 10/24/2029 | 2,000,000 | 2,151,953 | |
Hershey Co. / The (Food Products) | 1.700% | 06/01/2030 | 1,200,000 | 1,233,917 | |
Keurig Dr Pepper, Inc. (Beverages) | 3.430% | 06/15/2027 | 1,000,000 | 1,141,596 | |
Philip Morris International, Inc. (Tobacco) | 3.375% | 08/15/2029 | 1,000,000 | 1,145,371 | |
13,668,400 | |||||
Energy–2.8% | |||||
Baker Hughes, a GE Co. LLC / Baker Hughes Co-Obligor, Inc. (Energy Equip. & Svs.) | 3.337% | 12/15/2027 | 1,000,000 | 1,119,840 | |
BP Capital Markets America, Inc. (Oil, Gas & Consumable Fuels) | 3.017% | 01/16/2027 | 1,000,000 | 1,102,930 | |
BP Capital Markets America, Inc. (Oil, Gas & Consumable Fuels) | 1.749% | 08/10/2030 | ���600,000 | 601,948 | |
Chevron Corp. (Oil, Gas & Consumable Fuels) | 2.895% | 03/03/2024 | 100,000 | 107,143 | |
Chevron Corp. (Oil, Gas & Consumable Fuels) | 2.236% | 05/11/2030 | 1,200,000 | 1,283,486 | |
Concho Resources, Inc. (Oil, Gas & Consumable Fuels) | 3.750% | 10/01/2027 | 1,000,000 | 1,142,468 | |
Concho Resources, Inc. (Oil, Gas & Consumable Fuels) | 2.400% | 02/15/2031 | 1,200,000 | 1,255,214 | |
Energy Transfer Operating LP (Oil, Gas & Consumable Fuels) | 4.950% | 06/15/2028 | 1,000,000 | 1,152,143 | |
EOG Resources, Inc. (Oil, Gas & Consumable Fuels) | 3.150% | 04/01/2025 | 100,000 | 110,074 | |
Exxon Mobil Corp. (Oil, Gas & Consumable Fuels) | 4.114% | 03/01/2046 | 100,000 | 123,849 | |
Halliburton Co. (Energy Equip. & Svs.) | 4.850% | 11/15/2035 | 100,000 | 116,620 | |
Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels) | 5.300% | 12/01/2034 | 1,000,000 | 1,231,555 | |
Marathon Oil Corp. (Oil, Gas & Consumable Fuels) | 3.850% | 06/01/2025 | 150,000 | 160,761 | |
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 5.850% | 01/15/2026 | 800,000 | 958,018 | |
Sabine Pass Liquefaction LLC (Oil, Gas & Consumable Fuels) | (b) | 4.500% | 05/15/2030 | 400,000 | 473,875 |
Shell International Finance B.V. (Oil, Gas & Consumable Fuels) | 4.000% | 05/10/2046 | 1,500,000 | 1,886,794 | |
Tennessee Gas Pipeline Co. LLC (Oil, Gas & Consumable Fuels) | (b) | 2.900% | 03/01/2030 | 1,000,000 | 1,068,781 |
Williams Cos., Inc. / The (Oil, Gas & Consumable Fuels) | 3.750% | 06/15/2027 | 1,000,000 | 1,140,612 | |
Williams Cos., Inc. / The (Oil, Gas & Consumable Fuels) | 5.400% | 03/04/2044 | 100,000 | 123,338 | |
15,159,449 | |||||
Financials–7.2% | |||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Diversified Financial Svs.) | 3.300% | 01/23/2023 | 1,000,000 | 1,043,314 | |
AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Diversified Financial Svs.) | 4.875% | 01/16/2024 | 1,000,000 | 1,091,382 | |
American International Group, Inc. (Insurance) | 3.875% | 01/15/2035 | 150,000 | 179,852 | |
Bank of America Corp. (Banks) | 3.875% | 08/01/2025 | 1,000,000 | 1,140,419 | |
Bank of Montreal (Rate is fixed until 12/15/2027, at which point, the rate becomes USSW5 + 143) (Banks) | (c) | 3.803% | 12/15/2032 | 200,000 | 226,605 |
Berkshire Hathaway, Inc. (Diversified Financial Svs.) | 3.125% | 03/15/2026 | 100,000 | 111,706 | |
BlackRock, Inc. (Capital Markets) | 2.400% | 04/30/2030 | 2,000,000 | 2,189,891 | |
Capital One Bank U.S.A. N.A. (Rate is fixed until 01/28/2025, at which point, the rate becomes SOFR + 91) (Consumer Finance) | (c) | 2.280% | 01/28/2026 | 1,000,000 | 1,045,920 |
Citigroup, Inc. (Rate is fixed until 07/24/2027, at which point, the rate becomes QL + 139) (Banks) | (c) | 3.668% | 07/24/2028 | 1,000,000 | 1,133,261 |
Citigroup, Inc. (Rate is fixed until 11/05/2029, at which point, the rate becomes SOFR + 142) (Banks) | (c) | 2.976% | 11/05/2030 | 1,000,000 | 1,100,740 |
Discover Bank (Banks) | 2.450% | 09/12/2024 | 1,000,000 | 1,057,412 | |
Discover Bank (Rate is fixed until 08/09/2023, at which point, the rate becomes USSW5 + 173) (Banks) | (c) | 4.682% | 08/09/2028 | 250,000 | 265,750 |
E*TRADE Financial Corp. (Capital Markets) | 2.950% | 08/24/2022 | 200,000 | 207,716 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 3.087% | 01/09/2023 | 2,000,000 | 2,034,890 | |
General Motors Financial Co., Inc. (Consumer Finance) | 4.200% | 03/01/2021 | 1,500,000 | 1,503,688 | |
General Motors Financial Co., Inc. (Consumer Finance) | 3.200% | 07/06/2021 | 100,000 | 101,075 | |
Goldman Sachs Group, Inc. / The (Capital Markets) | 3.750% | 05/22/2025 | 1,000,000 | 1,122,511 | |
Goldman Sachs Group, Inc. / The (Rate is fixed until 06/05/2027, at which point, the rate becomes QL + 151) (Capital Markets) | (c) | 3.691% | 06/05/2028 | 1,000,000 | 1,152,698 |
Jefferies Group LLC / Jefferies Group Capital Finance, Inc. (Diversified Financial Svs.) | 4.850% | 01/15/2027 | 200,000 | 233,868 | |
JPMorgan Chase & Co. (Banks) | 3.625% | 12/01/2027 | 1,000,000 | 1,136,888 | |
JPMorgan Chase & Co. (Rate is fixed until 05/13/2030, at which point, the rate becomes SOFR + 252) (Banks) | (c) | 2.956% | 05/13/2031 | 1,000,000 | 1,096,236 |
Marsh & McLennan Cos., Inc. (Insurance) | 3.500% | 06/03/2024 | 100,000 | 109,048 | |
Morgan Stanley (Capital Markets) | 3.950% | 04/23/2027 | 1,000,000 | 1,156,132 | |
Morgan Stanley (Rate is fixed until 01/22/2030, at which point, the rate becomes SOFR + 114) (Capital Markets) | (c) | 2.699% | 01/22/2031 | 3,000,000 | 3,254,965 |
Nasdaq, Inc. (Capital Markets) | 3.850% | 06/30/2026 | 1,000,000 | 1,147,435 | |
PNC Bank N.A. (Banks) | 4.050% | 07/26/2028 | 1,950,000 | 2,309,663 |
Ohio National Fund, Inc. | ON BlackRock Balanced Allocation Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Financials (continued) | |||||
S&P Global, Inc. (Capital Markets) | 1.250% | 08/15/2030 | $ 400,000 | $ 394,097 | |
Synchrony Financial (Consumer Finance) | 4.250% | 08/15/2024 | 1,000,000 | 1,104,748 | |
TD Ameritrade Holding Corp. (Capital Markets) | 3.300% | 04/01/2027 | 1,000,000 | 1,120,086 | |
Truist Bank (Rate is fixed until 09/17/2024, at which point, the rate becomes H15T5Y + 115) (Banks) | (c) | 2.636% | 09/17/2029 | 3,000,000 | 3,173,920 |
U.S. Bancorp (Banks) | 1.375% | 07/22/2030 | 1,000,000 | 1,001,803 | |
Wells Fargo & Co. (Banks) | 3.000% | 04/22/2026 | 1,500,000 | 1,650,504 | |
Wells Fargo & Co. (Rate is fixed until 04/30/2040, at which point, the rate becomes SOFR + 253) (Banks) | (c) | 3.068% | 04/30/2041 | 800,000 | 870,265 |
Westpac Banking Corp. (Rate is fixed until 02/04/2025, at which point, the rate becomes H15T5Y + 135) (Banks) | (c) | 2.894% | 02/04/2030 | 1,500,000 | 1,572,209 |
Westpac Banking Corp. (Rate is fixed until 11/23/2026, at which point, the rate becomes USISDA05 + 224) (Banks) | (c) | 4.322% | 11/23/2031 | 200,000 | 227,969 |
38,268,666 | |||||
Health Care–2.0% | |||||
AbbVie, Inc. (Biotechnology) | 3.200% | 11/21/2029 | 1,000,000 | 1,120,128 | |
AbbVie, Inc. (Biotechnology) | 4.250% | 11/21/2049 | 2,000,000 | 2,506,738 | |
Bristol-Myers Squibb Co. (Pharmaceuticals) | 3.875% | 08/15/2025 | 150,000 | 171,211 | |
HCA, Inc. (Health Care Providers & Svs.) | 5.250% | 06/15/2026 | 2,000,000 | 2,366,497 | |
Quest Diagnostics, Inc. (Health Care Providers & Svs.) | 2.800% | 06/30/2031 | 800,000 | 876,559 | |
Regeneron Pharmaceuticals, Inc. (Biotechnology) | 1.750% | 09/15/2030 | 1,200,000 | 1,180,988 | |
UnitedHealth Group, Inc. (Health Care Providers & Svs.) | 3.875% | 12/15/2028 | 2,000,000 | 2,397,282 | |
10,619,403 | |||||
Industrials–2.1% | |||||
Air Lease Corp. (Trading Companies & Distributors) | 2.250% | 01/15/2023 | 1,000,000 | 1,026,678 | |
Air Lease Corp. (Trading Companies & Distributors) | 2.300% | 02/01/2025 | 2,000,000 | 2,069,981 | |
Boeing Co. / The (Aerospace & Defense) | 3.200% | 03/01/2029 | 1,500,000 | 1,582,715 | |
Burlington Northern Santa Fe LLC (Road & Rail) | 4.550% | 09/01/2044 | 100,000 | 134,871 | |
FedEx Corp. (Air Freight & Logistics) | 4.900% | 01/15/2034 | 1,000,000 | 1,289,825 | |
Lockheed Martin Corp. (Aerospace & Defense) | 1.850% | 06/15/2030 | 800,000 | 838,842 | |
Lockheed Martin Corp. (Aerospace & Defense) | 3.600% | 03/01/2035 | 100,000 | 120,672 | |
Northrop Grumman Corp. (Aerospace & Defense) | 2.930% | 01/15/2025 | 100,000 | 108,746 | |
Parker-Hannifin Corp. (Machinery) | 4.200% | 11/21/2034 | 100,000 | 123,501 | |
Union Pacific Corp. (Road & Rail) | 3.250% | 08/15/2025 | 100,000 | 110,748 | |
United Rentals North America, Inc. (Trading Companies & Distributors) | 4.875% | 01/15/2028 | 1,000,000 | 1,065,000 | |
United Rentals North America, Inc. (Trading Companies & Distributors) | 5.250% | 01/15/2030 | 100,000 | 111,000 | |
Waste Connections, Inc. (Commercial Svs. & Supplies) | 4.250% | 12/01/2028 | 200,000 | 238,023 | |
Waste Connections, Inc. (Commercial Svs. & Supplies) | 2.600% | 02/01/2030 | 2,000,000 | 2,151,590 | |
10,972,192 | |||||
Information Technology–0.7% | |||||
Apple, Inc. (Tech. Hardware, Storage & Periph.) | 2.200% | 09/11/2029 | 1,000,000 | 1,079,170 | |
Hewlett Packard Enterprise Co. (Tech. Hardware, Storage & Periph.) | 4.900% | 10/15/2025 | 150,000 | 175,600 | |
Oracle Corp. (Software) | 4.300% | 07/08/2034 | 2,100,000 | 2,655,960 | |
Seagate HDD Cayman (Tech. Hardware, Storage & Periph.) | 4.875% | 03/01/2024 | 100,000 | 108,653 | |
4,019,383 | |||||
Materials–1.6% | |||||
Anglo American Capital PLC (Metals & Mining) | (b) | 4.000% | 09/11/2027 | 100,000 | 114,785 |
Dow Chemical Co. / The (Chemicals) | 4.250% | 10/01/2034 | 2,000,000 | 2,413,205 | |
DuPont de Nemours, Inc. (Chemicals) | 2.169% | 05/01/2023 | 1,000,000 | 1,013,189 | |
Kinross Gold Corp. (Metals & Mining) | 4.500% | 07/15/2027 | 1,000,000 | 1,156,110 | |
Mosaic Co. / The (Chemicals) | 4.050% | 11/15/2027 | 1,000,000 | 1,131,889 | |
Nutrien Ltd. (Chemicals) | 4.200% | 04/01/2029 | 100,000 | 119,517 | |
Steel Dynamics, Inc. (Metals & Mining) | 2.800% | 12/15/2024 | 800,000 | 859,919 | |
Steel Dynamics, Inc. (Metals & Mining) | 3.250% | 01/15/2031 | 800,000 | 894,093 | |
Yamana Gold, Inc. (Metals & Mining) | 4.625% | 12/15/2027 | 1,000,000 | 1,092,946 | |
8,795,653 | |||||
Real Estate–0.9% | |||||
Alexandria Real Estate Equities, Inc. (Equity REIT) | 3.950% | 01/15/2028 | 1,000,000 | 1,161,088 | |
American Tower Corp. (Equity REIT) | 2.750% | 01/15/2027 | 2,000,000 | 2,169,021 | |
Healthcare Realty Trust, Inc. (Equity REIT) | 3.875% | 05/01/2025 | 100,000 | 110,765 | |
Healthpeak Properties, Inc. (Equity REIT) | 4.000% | 06/01/2025 | 100,000 | 113,461 | |
Welltower, Inc. (Equity REIT) | 2.700% | 02/15/2027 | 1,000,000 | 1,101,554 | |
4,655,889 | |||||
Utilities–3.6% | |||||
AEP Transmission Co. LLC (Electric Utilities) | 4.000% | 12/01/2046 | 1,000,000 | 1,242,798 |
Ohio National Fund, Inc. | ON BlackRock Balanced Allocation Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Utilities (continued) | |||||
AEP Transmission Co. LLC (Electric Utilities) | 3.750% | 12/01/2047 | $ 1,000,000 | $ 1,216,614 | |
Ameren Corp. (Multi-Utilities) | 2.500% | 09/15/2024 | 1,000,000 | 1,065,566 | |
Ameren Corp. (Multi-Utilities) | 3.500% | 01/15/2031 | 1,000,000 | 1,149,355 | |
American Water Capital Corp. (Water Utilities) | 4.300% | 12/01/2042 | 100,000 | 130,052 | |
Berkshire Hathaway Energy Co. (Multi-Utilities) | 3.250% | 04/15/2028 | 100,000 | 114,270 | |
Black Hills Corp. (Multi-Utilities) | 3.050% | 10/15/2029 | 2,500,000 | 2,724,518 | |
Commonwealth Edison Co. (Electric Utilities) | 4.350% | 11/15/2045 | 1,000,000 | 1,301,696 | |
Connecticut Light & Power Co. / The (Electric Utilities) | 4.000% | 04/01/2048 | 1,000,000 | 1,292,642 | |
Consolidated Edison Co. of New York, Inc. (Multi-Utilities) | 3.850% | 06/15/2046 | 2,000,000 | 2,333,224 | |
Duke Energy Corp. (Electric Utilities) | 3.750% | 09/01/2046 | 1,500,000 | 1,745,348 | |
Duke Energy Indiana LLC (Electric Utilities) | 3.250% | 10/01/2049 | 1,000,000 | 1,130,459 | |
FirstEnergy Transmission LLC (Electric Utilities) | (b) | 4.550% | 04/01/2049 | 200,000 | 233,188 |
Florida Power & Light Co. (Electric Utilities) | 3.150% | 10/01/2049 | 1,000,000 | 1,150,368 | |
Jersey Central Power & Light Co. (Electric Utilities) | (b) | 4.300% | 01/15/2026 | 100,000 | 111,800 |
Oncor Electric Delivery Co. LLC (Electric Utilities) | 3.100% | 09/15/2049 | 1,000,000 | 1,148,366 | |
Public Service Electric & Gas Co. (Multi-Utilities) | 3.600% | 12/01/2047 | 1,000,000 | 1,201,820 | |
19,292,084 | |||||
Total Corporate Bonds (Cost $137,412,171) | $149,885,935 |
Asset-Backed Securities–0.6% | Rate | Maturity | Face Amount | Value | |
Industrials–0.6% | |||||
FedEx Corp. 2020-1 CLASS AA Pass Through Trust | 1.875% | 02/20/2034 | $ 2,000,000 | $ 2,058,331 | |
United Airlines 2016-1 Class B Pass Through Trust | 3.650% | 01/07/2026 | 157,176 | 154,140 | |
United Airlines 2019-2 Class AA Pass Through Trust | 2.700% | 05/01/2032 | 985,231 | 950,149 | |
Total Asset-Backed Securities (Cost $3,142,407) | $ 3,162,620 |
Rights –0.0% | Quantity | Value | |
Health Care–0.0% | |||
Bristol-Myers Squibb Co. (Pharmaceuticals) | (a) | 10,603 | $ 7,317 |
Total Rights (Cost $22,584) | $ 7,317 |
Money Market Funds–2.1% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.097% | (d) | 11,376,353 | $ 11,378,628 |
Total Money Market Funds (Cost $11,378,628) | $ 11,378,628 | ||
Total Investments – 99.8% (Cost $460,319,375) | (e) | $532,412,832 | |
Other Assets in Excess of Liabilities – 0.2% | (f) | 1,276,815 | |
Net Assets – 100.0% | $533,689,647 |
Percentages are stated as a percent of net assets. |
Abbreviations: | ||
H15T5Y: | U.S. Treasury Yield Curve Rate T-Note Constant Maturity 5 Year, 0.360% at 12/31/2020 | |
QL: | Quarterly U.S. LIBOR Rate, 0.238% at 12/31/2020 | |
SOFR: | Secured Overnight Financing Rate, 0.070% at 12/31/2020 | |
USISDA05: | USD ICE Swap Rate 11:00am NY 5 Year, 0.432% at 12/31/2020 | |
USSW5: | USD Swap Semi 30/360 5 Year, 0.430% at 12/31/2020 |
Footnotes: | ||
(a) | Non-income producing security. | |
(b) | Security exempt from registration under Regulation D of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified buyers under Rule 144A. At December 31, 2020, the value of these securities totaled $4,508,617, or 0.8% of the Portfolio’s net assets. | |
(c) | Security is a fixed-then-variable rate instrument in which the coupon or dividend rate is fixed until a later specified date, then is adjusted periodically. Rates stated, including interest rate caps and floors, if any, are those in effect at December 31, 2020. | |
(d) | Rate represents the seven-day yield at December 31, 2020. | |
(e) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 8 of the Notes to Financial Statements. | |
(f) | Includes $660,000 of cash pledged as collateral for the futures contracts outstanding at December 31, 2020. See also the following Schedule of Open Futures Contracts. |
Ohio National Fund, Inc. | ON BlackRock Balanced Allocation Portfolio (Continued) |
Schedule of Open Futures Contracts | December 31, 2020 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
CME E-mini S&P 500 Index - Long | 60 | March 19, 2021 | $10,930,115 | $11,246,400 | $316,285 | $69,556 |
Ohio National Fund, Inc. | ON BlackRock Advantage International Equity Portfolio (Unaudited) |
Average Annual returns | |
One year | 6.74% |
Five years | 6.14% |
Ten years | 3.28% |
Ohio National Fund, Inc. | ON BlackRock Advantage International Equity Portfolio (Unaudited) (Continued) |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2020. |
Ohio National Fund, Inc. | ON BlackRock Advantage International Equity Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2020 (1) | |
% of Net Assets | |
Common Stocks (4) (5) | 99.4 |
Preferred Securities (4) (5) | 0.7 |
Warrants (4) (5) | 0.0 |
Rights (4) (5) | 0.0 |
Money Market Funds Less Net Liabilities | (0.1) |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2020 (1) (2) (3) | ||
% of Net Assets | ||
1. | Nestle SA | 2.6 |
2. | Roche Holding AG | 1.5 |
3. | LVMH Moet Hennessy Louis Vuitton SE | 1.5 |
4. | Keyence Corp. | 1.4 |
5. | SAP SE | 1.2 |
6. | AstraZeneca PLC | 1.1 |
7. | Novo Nordisk A/S Class B | 1.0 |
8. | adidas AG | 1.0 |
9. | Recruit Holdings Co. Ltd. | 1.0 |
10. | Kao Corp. | 1.0 |
(1) | Composition of Portfolio subject to change. | |
(2) | Short-term investments have been excluded from the list of Top 10 Portfolio Holdings. | |
(3) | Top 10 Portfolio Holdings is presented at an individual security level. Total investment exposure by issuer may be higher. | |
(4) | Top 10 Country Weightings (Common Stocks, Preferred Securities, Warrants, Rights): |
% of Net Assets | |
Japan | 25.3 |
France | 11.5 |
United Kingdom | 10.6 |
Germany | 10.4 |
Switzerland | 8.9 |
Australia | 7.0 |
Netherlands | 5.9 |
Sweden | 3.5 |
Hong Kong | 3.5 |
Denmark | 2.8 |
(5) | Sectors (Common Stocks, Preferred Securities, Warrants, Rights): |
% of Net Assets | |
Financials | 16.5 |
Consumer Discretionary | 15.2 |
Industrials | 15.2 |
Consumer Staples | 11.8 |
Health Care | 11.4 |
Information Technology | 8.1 |
Materials | 7.8 |
Communication Services | 4.7 |
Utilities | 3.4 |
Real Estate | 3.1 |
Energy | 2.9 |
100.1 |
Ohio National Fund, Inc. | ON BlackRock Advantage International Equity Portfolio |
Schedule of Investments | December 31, 2020 |
Common Stocks–99.4% | Shares | Value | |
Japan–25.3% | |||
Advantest Corp. (Information Technology) | (a) | 13,300 | $ 996,194 |
AEON Financial Service Co. Ltd. (Financials) | (a) | 4,000 | 47,974 |
Aisin Seiki Co. Ltd. (Consumer Discretionary) | (a) | 3,000 | 89,968 |
Alfresa Holdings Corp. (Health Care) | (a) | 7,000 | 128,305 |
Amada Co. Ltd. (Industrials) | (a) | 15,100 | 166,163 |
ANA Holdings, Inc. (Industrials) | (a)(b) | 16,600 | 366,787 |
Aozora Bank Ltd. (Financials) | (a) | 900 | 16,642 |
Asahi Group Holdings Ltd. (Consumer Staples) | (a) | 42,700 | 1,758,480 |
Asahi Intecc Co. Ltd. (Health Care) | (a) | 7,500 | 273,940 |
Asahi Kasei Corp. (Materials) | (a) | 52,900 | 542,232 |
Astellas Pharma, Inc. (Health Care) | (a) | 133,900 | 2,073,275 |
Bandai Namco Holdings, Inc. (Consumer Discretionary) | (a) | 1,400 | 121,241 |
BASE, Inc. (Information Technology) | (a)(b) | 1,000 | 94,648 |
Benesse Holdings, Inc. (Consumer Discretionary) | (a) | 15,000 | 293,047 |
Bengo4.com, Inc. (Communication Services) | (a)(b) | 200 | 19,789 |
Bridgestone Corp. (Consumer Discretionary) | (a) | 54,700 | 1,793,933 |
Canon, Inc. (Information Technology) | (a) | 76,500 | 1,481,998 |
Central Japan Railway Co. (Industrials) | (a) | 7,100 | 1,003,964 |
Change, Inc. (Information Technology) | (a)(b) | 2,000 | 68,358 |
Chugai Pharmaceutical Co. Ltd. (Health Care) | (a) | 22,400 | 1,195,155 |
Coca-Cola Bottlers Japan Holdings, Inc. (Consumer Staples) | (a) | 5,500 | 85,912 |
Credit Saison Co. Ltd. (Financials) | (a) | 5,000 | 57,564 |
Dai Nippon Printing Co. Ltd. (Industrials) | (a) | 3,700 | 66,554 |
Daifuku Co. Ltd. (Industrials) | (a) | 700 | 86,622 |
Daiichi Sankyo Co. Ltd. (Health Care) | (a) | 34,900 | 1,196,029 |
Daikin Industries Ltd. (Industrials) | (a) | 2,900 | 645,154 |
Daito Trust Construction Co. Ltd. (Real Estate) | (a) | 2,800 | 261,673 |
Daiwa House Industry Co. Ltd. (Real Estate) | (a) | 37,519 | 1,115,541 |
Dentsu Group, Inc. (Communication Services) | (a) | 700 | 20,833 |
DIC Corp. (Materials) | (a) | 25,900 | 654,926 |
Dip Corp. (Communication Services) | (a) | 11,600 | 309,965 |
Disco Corp. (Information Technology) | (a) | 100 | 33,703 |
Eisai Co. Ltd. (Health Care) | (a) | 11,200 | 800,947 |
Electric Power Development Co. Ltd. (Utilities) | (a) | 6,700 | 92,461 |
FANUC Corp. (Industrials) | (a) | 15,300 | 3,776,790 |
Fast Retailing Co. Ltd. (Consumer Discretionary) | (a) | 5,100 | 4,573,064 |
Fuji Media Holdings, Inc. (Communication Services) | (a) | 32,600 | 347,936 |
FUJIFILM Holdings Corp. (Information Technology) | (a) | 28,900 | 1,524,533 |
Fuyo General Lease Co. Ltd. (Financials) | (a) | 300 | 19,873 |
Glory Ltd. (Industrials) | (a) | 5,500 | 111,077 |
GMO Payment Gateway, Inc. (Information Technology) | (a) | 200 | 26,877 |
Hitachi Construction Machinery Co. Ltd. (Industrials) | (a) | 500 | 14,217 |
Hitachi Ltd. (Information Technology) | (a) | 600 | 23,682 |
Horiba Ltd. (Information Technology) | (a) | 400 | 23,494 |
Hoshizaki Corp. (Industrials) | (a) | 1,200 | 110,189 |
Hoya Corp. (Health Care) | (a) | 12,200 | 1,689,637 |
Inpex Corp. (Energy) | (a) | 84,600 | 456,189 |
Isuzu Motors Ltd. (Consumer Discretionary) | (a) | 30,900 | 294,157 |
Japan Airlines Co. Ltd. (Industrials) | (a)(b) | 44,400 | 856,223 |
Japan Post Bank Co. Ltd. (Financials) | (a) | 31,500 | 258,918 |
Japan Post Holdings Co. Ltd. (Financials) | (a) | 377,500 | 2,940,400 |
Japan Post Insurance Co. Ltd. (Financials) | (a) | 8,400 | 172,234 |
Japan Tobacco, Inc. (Consumer Staples) | (a) | 123,400 | 2,515,774 |
JMDC, Inc. (Health Care) | (a)(b) | 1,800 | 102,201 |
Kakaku.com, Inc. (Communication Services) | (a) | 1,700 | 46,535 |
Kamigumi Co. Ltd. (Industrials) | (a) | 900 | 16,442 |
Kaneka Corp. (Materials) | (a) | 5,300 | 185,680 |
Common Stocks (Continued) | Shares | Value | |
Japan (continued) | |||
Kansai Paint Co. Ltd. (Materials) | (a) | 21,300 | $ 656,580 |
Kao Corp. (Consumer Staples) | (a) | 63,910 | 4,937,441 |
KDDI Corp. (Communication Services) | (a) | 70,800 | 2,099,237 |
Keyence Corp. (Information Technology) | (a) | 12,400 | 6,975,206 |
Kissei Pharmaceutical Co. Ltd. (Health Care) | (a) | 1,300 | 28,228 |
Kobayashi Pharmaceutical Co. Ltd. (Consumer Staples) | (a) | 1,100 | 134,449 |
Koito Manufacturing Co. Ltd. (Consumer Discretionary) | (a) | 2,500 | 170,140 |
Komatsu Ltd. (Industrials) | (a) | 9,700 | 267,703 |
Konica Minolta, Inc. (Information Technology) | (a) | 158,800 | 608,077 |
Kubota Corp. (Industrials) | (a) | 29,200 | 637,950 |
Kyoritsu Maintenance Co. Ltd. (Consumer Discretionary) | (a) | 1,400 | 52,210 |
Kyushu Railway Co. (Industrials) | (a) | 20,500 | 442,245 |
Lasertec Corp. (Information Technology) | (a) | 200 | 23,475 |
Lintec Corp. (Materials) | (a) | 2,000 | 44,220 |
M3, Inc. (Health Care) | (a) | 21,800 | 2,059,388 |
Mabuchi Motor Co. Ltd. (Industrials) | (a) | 500 | 21,810 |
Medley, Inc. (Health Care) | (a)(b) | 3,100 | 136,547 |
Mitsubishi Materials Corp. (Materials) | (a) | 33,100 | 697,286 |
Mitsubishi UFJ Financial Group, Inc. (Financials) | (a) | 115,200 | 510,062 |
Mitsubishi UFJ Lease & Finance Co. Ltd. (Financials) | (a) | 404,800 | 1,943,803 |
Mitsui Fudosan Co. Ltd. (Real Estate) | (a) | 15,900 | 332,939 |
Mizuho Financial Group, Inc. (Financials) | (a) | 37,600 | 477,226 |
MonotaRO Co. Ltd. (Industrials) | (a) | 12,800 | 650,097 |
Morinaga & Co. Ltd. (Consumer Staples) | (a) | 11,800 | 443,878 |
Murata Manufacturing Co. Ltd. (Information Technology) | (a) | 25,300 | 2,290,397 |
Nexon Co. Ltd. (Communication Services) | (a) | 52,800 | 1,629,138 |
Nidec Corp. (Industrials) | (a) | 31,000 | 3,921,747 |
Nihon Kohden Corp. (Health Care) | (a) | 9,900 | 368,709 |
Nihon M&A Center, Inc. (Industrials) | (a) | 4,200 | 280,868 |
Nintendo Co. Ltd. (Communication Services) | (a) | 3,800 | 2,439,376 |
Nippon Paint Holdings Co. Ltd. (Materials) | (a) | 13,500 | 1,483,412 |
Nippon Shinyaku Co. Ltd. (Health Care) | (a) | 4,800 | 315,071 |
Nippon Shokubai Co. Ltd. (Materials) | (a) | 500 | 28,038 |
Nippon Telegraph & Telephone Corp. (Communication Services) | (a) | 90,300 | 2,317,006 |
Nitto Denko Corp. (Materials) | (a) | 2,100 | 188,118 |
NS Solutions Corp. (Information Technology) | (a) | 400 | 11,782 |
Obic Co. Ltd. (Information Technology) | (a) | 2,400 | 482,346 |
Odakyu Electric Railway Co. Ltd. (Industrials) | (a) | 1,400 | 43,971 |
Omron Corp. (Information Technology) | (a) | 14,800 | 1,321,214 |
Ono Pharmaceutical Co. Ltd. (Health Care) | (a) | 800 | 24,108 |
Oracle Corp. (Information Technology) | (a) | 1,000 | 130,355 |
Orient Corp. (Financials) | (a) | 14,700 | 16,539 |
Oriental Land Co. Ltd. (Consumer Discretionary) | (a) | 10,400 | 1,718,406 |
Panasonic Corp. (Consumer Discretionary) | (a) | 5,700 | 66,446 |
PeptiDream, Inc. (Health Care) | (a)(b) | 4,000 | 203,468 |
Pola Orbis Holdings, Inc. (Consumer Staples) | (a) | 28,300 | 574,675 |
Rakus Co. Ltd. (Information Technology) | (a) | 6,700 | 155,181 |
Recruit Holdings Co. Ltd. (Industrials) | (a) | 118,500 | 4,977,348 |
Resona Holdings, Inc. (Financials) | (a) | 92,000 | 322,071 |
Resorttrust, Inc. (Consumer Discretionary) | (a) | 14,800 | 211,773 |
Ricoh Co. Ltd. (Information Technology) | (a) | 27,000 | 177,549 |
Rohm Co. Ltd. (Information Technology) | (a) | 3,100 | 300,516 |
Ryohin Keikaku Co. Ltd. (Consumer Discretionary) | (a) | 32,800 | 671,237 |
Sanrio Co. Ltd. (Consumer Discretionary) | (a) | 7,200 | 98,555 |
Santen Pharmaceutical Co. Ltd. (Health Care) | (a) | 3,000 | 48,724 |
Sanwa Holdings Corp. (Industrials) | (a) | 10,600 | 123,783 |
Sawai Pharmaceutical Co. Ltd. (Health Care) | (a) | 500 | 22,692 |
SCREEN Holdings Co. Ltd. (Information Technology) | (a) | 1,600 | 117,991 |
Ohio National Fund, Inc. | ON BlackRock Advantage International Equity Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Japan (continued) | |||
Seria Co. Ltd. (Consumer Discretionary) | (a) | 2,400 | $ 88,105 |
Shimano, Inc. (Consumer Discretionary) | (a) | 2,900 | 678,828 |
Shin-Etsu Chemical Co. Ltd. (Materials) | (a) | 4,100 | 719,614 |
Shinsei Bank Ltd. (Financials) | (a) | 27,300 | 337,260 |
Shionogi & Co. Ltd. (Health Care) | (a) | 20,700 | 1,131,701 |
Shiseido Co. Ltd. (Consumer Staples) | (a) | 2,900 | 200,750 |
SMC Corp. (Industrials) | (a) | 4,600 | 2,809,391 |
SoftBank Corp. (Communication Services) | (a) | 92,500 | 1,161,059 |
SoftBank Group Corp. (Communication Services) | (a) | 50,000 | 3,881,751 |
Sojitz Corp. (Industrials) | (a) | 108,500 | 242,292 |
Sony Corp. (Consumer Discretionary) | (a) | 31,900 | 3,214,499 |
Subaru Corp. (Consumer Discretionary) | (a) | 11,500 | 230,103 |
Sumitomo Chemical Co. Ltd. (Materials) | (a) | 70,800 | 285,379 |
Sumitomo Corp. (Industrials) | (a) | 101,100 | 1,339,873 |
Sumitomo Dainippon Pharma Co. Ltd. (Health Care) | (a) | 3,100 | 45,816 |
Sumitomo Heavy Industries Ltd. (Industrials) | (a) | 11,500 | 284,245 |
Sumitomo Mitsui Financial Group, Inc. (Financials) | (a) | 115,200 | 3,570,987 |
Sumitomo Mitsui Trust Holdings, Inc. (Financials) | (a) | 28,300 | 873,188 |
Sumitomo Rubber Industries Ltd. (Consumer Discretionary) | (a) | 129,500 | 1,114,252 |
Suntory Beverage & Food Ltd. (Consumer Staples) | (a) | 35,500 | 1,257,388 |
Suzuki Motor Corp. (Consumer Discretionary) | (a) | 600 | 27,813 |
Sysmex Corp. (Health Care) | (a) | 10,200 | 1,227,331 |
Takeda Pharmaceutical Co. Ltd. (Health Care) | (a) | 38,402 | 1,389,744 |
TBS Holdings, Inc. (Communication Services) | (a) | 6,900 | 121,355 |
Terumo Corp. (Health Care) | (a) | 3,600 | 150,646 |
THK Co. Ltd. (Industrials) | (a) | 1,000 | 32,341 |
Tokio Marine Holdings, Inc. (Financials) | (a) | 600 | 30,913 |
Tokyo Electron Ltd. (Information Technology) | (a) | 5,200 | 1,942,526 |
Tokyo Gas Co. Ltd. (Utilities) | (a) | 600 | 13,887 |
Toshiba Corp. (Industrials) | (a) | 26,500 | 742,223 |
Toyota Motor Corp. (Consumer Discretionary) | (a) | 45,300 | 3,495,804 |
Unicharm Corp. (Consumer Staples) | (a) | 33,000 | 1,565,058 |
Yakult Honsha Co. Ltd. (Consumer Staples) | (a) | 29,600 | 1,492,783 |
Yamada Holdings Co. Ltd. (Consumer Discretionary) | (a) | 24,900 | 132,294 |
Yamaha Corp. (Consumer Discretionary) | (a) | 3,600 | 212,127 |
Yaskawa Electric Corp. (Industrials) | (a) | 27,900 | 1,390,963 |
Z Holdings Corp. (Communication Services) | (a) | 150,600 | 911,316 |
127,824,511 | |||
France–11.5% | |||
Aeroports de Paris (Industrials) | (a)(b) | 904 | 116,956 |
Air Liquide SA (Materials) | (a) | 16,313 | 2,674,465 |
Airbus SE (Industrials) | (a)(b) | 15,869 | 1,741,530 |
Alstom SA (Industrials) | (a)(b) | 11,607 | 661,124 |
Amundi SA (Financials) | (a)(b) | 12,852 | 1,047,462 |
AXA SA (Financials) | (a) | 22,400 | 537,204 |
BNP Paribas SA (Financials) | (a)(b) | 36,204 | 1,911,289 |
Bureau Veritas SA (Industrials) | (a)(b) | 15,461 | 412,727 |
Casino Guichard Perrachon SA (Consumer Staples) | (a)(b) | 40,467 | 1,243,999 |
Cie de Saint-Gobain (Industrials) | (a)(b) | 22,021 | 1,012,798 |
CNP Assurances (Financials) | (a)(b) | 46,067 | 748,452 |
Credit Agricole SA (Financials) | (a)(b) | 7,238 | 91,502 |
Danone SA (Consumer Staples) | (a) | 20,453 | 1,345,933 |
Dassault Systemes SE (Information Technology) | (a) | 23,254 | 4,716,363 |
Electricite de France SA (Utilities) | (a)(b) | 32,641 | 516,522 |
Engie SA (Utilities) | (a)(b) | 71,701 | 1,099,177 |
Eutelsat Communications SA (Communication Services) | (a) | 28,429 | 321,602 |
Faurecia SE (Consumer Discretionary) | (a)(b) | 6,518 | 333,960 |
Common Stocks (Continued) | Shares | Value | |
France (continued) | |||
Gaztransport Et Technigaz SA (Energy) | (a) | 2,406 | $ 233,090 |
Gecina SA (Real Estate) | (a) | 1,423 | 221,277 |
Hermes International (Consumer Discretionary) | (a) | 3,454 | 3,714,010 |
Ipsen SA (Health Care) | (a) | 7,299 | 603,541 |
JCDecaux SA (Communication Services) | (a)(b) | 1,837 | 41,904 |
Kering SA (Consumer Discretionary) | (a) | 4,151 | 3,012,520 |
Klepierre SA (Real Estate) | (a) | 9,168 | 206,775 |
Legrand SA (Industrials) | (a) | 22,326 | 1,997,207 |
L'Oreal SA (Consumer Staples) | (a) | 6,283 | 2,397,291 |
LVMH Moet Hennessy Louis Vuitton SE (Consumer Discretionary) | (a) | 11,759 | 7,361,145 |
Natixis SA (Financials) | (a)(b) | 71,377 | 244,574 |
Nexans SA (Industrials) | (a)(b) | 2,838 | 205,357 |
Orange SA (Communication Services) | (a) | 23,144 | 275,530 |
Peugeot SA (Consumer Discretionary) | (a)(b) | 18,832 | 515,727 |
Renault SA (Consumer Discretionary) | (a)(b) | 13,022 | 569,998 |
Rexel SA (Industrials) | (a)(b) | 13,998 | 220,935 |
Safran SA (Industrials) | (a)(b) | 8,611 | 1,220,469 |
Sanofi (Health Care) | (a) | 28,323 | 2,745,150 |
Schneider Electric SE (Industrials) | (a) | 25,361 | 3,665,360 |
Societe Generale SA (Financials) | (a)(b) | 140,437 | 2,919,489 |
TOTAL SE (Energy) | (a) | 22,143 | 955,741 |
Ubisoft Entertainment SA (Communication Services) | (a)(b) | 8,838 | 851,705 |
Unibail-Rodamco-Westfield (Real Estate) | (a) | 8,176 | 636,787 |
Valeo SA (Consumer Discretionary) | (a) | 14,093 | 555,888 |
Vinci SA (Industrials) | (a) | 18,626 | 1,855,323 |
Worldline SA (Information Technology) | (a)(b) | 2,510 | 243,842 |
58,003,700 | |||
United Kingdom–10.6% | |||
Abcam PLC (Health Care) | (c) | 3,144 | 66,641 |
AstraZeneca PLC (Health Care) | (a) | 54,903 | 5,474,558 |
Babcock International Group PLC (Industrials) | (a)(b) | 8,898 | 34,002 |
BP PLC (Energy) | (a) | 24,824 | 85,661 |
British American Tobacco PLC (Consumer Staples) | (a) | 70,115 | 2,603,852 |
BT Group PLC (Communication Services) | (a) | 546,039 | 984,213 |
Burberry Group PLC (Consumer Discretionary) | (a)(b) | 1,966 | 48,010 |
Compass Group PLC (Consumer Discretionary) | (a) | 25,492 | 475,460 |
ConvaTec Group PLC (Health Care) | (a) | 110,715 | 300,567 |
Diageo PLC (Consumer Staples) | (a) | 106,709 | 4,222,343 |
Dunelm Group PLC (Consumer Discretionary) | (a)(b) | 67,995 | 1,125,767 |
GlaxoSmithKline PLC (Health Care) | (a) | 169,999 | 3,110,635 |
Howden Joinery Group PLC (Industrials) | (a)(b) | 127,709 | 1,203,072 |
HSBC Holdings PLC (Financials) | (a)(b) | 485,463 | 2,507,533 |
Imperial Brands PLC (Consumer Staples) | (a) | 40,664 | 852,910 |
Informa PLC (Communication Services) | (a)(b) | 252,968 | 1,891,535 |
International Consolidated Airlines Group SA (Industrials) | (a)(b) | 12,505 | 27,211 |
J Sainsbury PLC (Consumer Staples) | (a) | 455,931 | 1,401,398 |
JD Sports Fashion PLC (Consumer Discretionary) | (a)(b) | 78,815 | 925,938 |
John Wood Group PLC (Energy) | (a)(b) | 4,197 | 17,704 |
Johnson Matthey PLC (Materials) | (a) | 13,646 | 452,101 |
KAZ Minerals PLC (Materials) | (a) | 5,007 | 44,940 |
Lloyds Banking Group PLC (Financials) | (a)(b) | 2,687,397 | 1,339,823 |
M&G PLC (Financials) | (a) | 32,544 | 87,842 |
Marks & Spencer Group PLC (Consumer Discretionary) | (a)(b) | 587,510 | 1,089,762 |
Meggitt PLC (Industrials) | (a)(b) | 52,369 | 333,021 |
Ocado Group PLC (Consumer Discretionary) | (a)(b) | 18,965 | 593,038 |
Prudential PLC (Financials) | (a) | 125,199 | 2,302,155 |
Reckitt Benckiser Group PLC (Consumer Staples) | (a) | 1,660 | 148,162 |
RELX PLC (Industrials) | (a) | 77,026 | 1,884,628 |
Ohio National Fund, Inc. | ON BlackRock Advantage International Equity Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
United Kingdom (continued) | |||
Rightmove PLC (Communication Services) | (a)(b) | 127,523 | $ 1,133,014 |
Rio Tinto PLC (Materials) | (a) | 14,564 | 1,096,277 |
Rolls-Royce Holdings PLC (Industrials) | (a)(b) | 592,645 | 896,924 |
Smith & Nephew PLC (Health Care) | (a) | 44,567 | 925,767 |
Smiths Group PLC (Industrials) | (a) | 26,462 | 544,297 |
Spirax-Sarco Engineering PLC (Industrials) | (a) | 1,609 | 248,372 |
SSE PLC (Utilities) | (a) | 43,386 | 888,683 |
Standard Chartered PLC (Financials) | (a)(b) | 161,221 | 1,023,744 |
Subsea 7 SA (Energy) | (a)(b) | 15,203 | 156,208 |
Tesco PLC (Consumer Staples) | (a) | 858,718 | 2,709,914 |
Travis Perkins PLC (Industrials) | (a)(b) | 2,971 | 54,698 |
Unilever PLC (Consumer Staples) | (a) | 64,238 | 3,852,588 |
Victrex PLC (Materials) | (a) | 1,495 | 47,827 |
WH Smith PLC (Consumer Discretionary) | (a) | 44,890 | 925,701 |
Whitbread PLC (Consumer Discretionary) | (a)(b) | 3,250 | 137,659 |
Wm Morrison Supermarkets PLC (Consumer Staples) | (a) | 1,354,506 | 3,277,505 |
53,553,660 | |||
Germany–9.7% | |||
1&1 Drillisch AG (Communication Services) | (a) | 1,313 | 32,743 |
adidas AG (Consumer Discretionary) | (a)(b) | 13,706 | 4,986,308 |
Allianz SE (Financials) | (a) | 10,810 | 2,655,723 |
Aurubis AG (Materials) | (a) | 1,285 | 100,280 |
BASF SE (Materials) | (a) | 31,814 | 2,514,663 |
Bayer AG (Health Care) | (a) | 14,071 | 828,939 |
Bayerische Motoren Werke AG (Consumer Discretionary) | (a) | 12,816 | 1,131,096 |
Beiersdorf AG (Consumer Staples) | (a) | 38,976 | 4,480,665 |
Continental AG (Consumer Discretionary) | (a) | 159 | 23,665 |
Covestro AG (Materials) | (a) | 9,032 | 556,492 |
Daimler AG (Consumer Discretionary) | (a) | 30,111 | 2,134,246 |
Deutsche Post AG (Industrials) | (a) | 36,914 | 1,828,563 |
Deutsche Wohnen SE (Real Estate) | (a) | 10,677 | 569,669 |
DWS Group GmbH & Co. KGaA (Financials) | (c) | 1,933 | 82,178 |
E.ON SE (Utilities) | (a) | 309,018 | 3,421,829 |
Fielmann AG (Consumer Discretionary) | (a)(b) | 2,528 | 205,790 |
Hella GmbH & Co. KGaA (Consumer Discretionary) | (a)(b) | 3,072 | 199,656 |
HelloFresh SE (Consumer Discretionary) | (a)(b) | 3,653 | 282,567 |
HUGO BOSS AG (Consumer Discretionary) | (a) | 41,024 | 1,363,182 |
Infineon Technologies AG (Information Technology) | (a) | 47,047 | 1,796,659 |
KION Group AG (Industrials) | (a) | 3,305 | 286,616 |
Knorr-Bremse AG (Industrials) | (a) | 3,860 | 527,288 |
LEG Immobilien AG (Real Estate) | (a) | 2,423 | 375,916 |
Merck KGaA (Health Care) | (a) | 353 | 60,545 |
Puma SE (Consumer Discretionary) | (a)(b) | 12,779 | 1,437,981 |
Rational AG (Industrials) | (a) | 118 | 109,664 |
RWE AG (Utilities) | (a) | 25,364 | 1,073,081 |
SAP SE (Information Technology) | (a) | 47,602 | 6,165,348 |
Scout24 AG (Communication Services) | (a) | 987 | 80,652 |
Siemens AG (Industrials) | (a) | 31,884 | 4,592,775 |
Siemens Healthineers AG (Health Care) | (a) | 3,661 | 188,400 |
Talanx AG (Financials) | (a) | 2,206 | 85,777 |
thyssenkrupp AG (Materials) | (a)(b) | 20,338 | 201,531 |
TUI AG (Consumer Discretionary) | (a) | 18,954 | 119,055 |
Varta AG (Industrials) | (a)(b) | 3,172 | 457,338 |
Volkswagen AG (Consumer Discretionary) | (a) | 10,258 | 2,138,828 |
Vonovia SE (Real Estate) | (a) | 18,355 | 1,340,540 |
Wacker Chemie AG (Materials) | (a) | 1,395 | 199,855 |
48,636,103 | |||
Switzerland–8.9% | |||
ABB Ltd. (Industrials) | (a) | 3,582 | 100,472 |
Cembra Money Bank AG (Financials) | (a) | 183 | 22,165 |
Cie Financiere Richemont SA (Consumer Discretionary) | (a) | 35,228 | 3,182,567 |
Credit Suisse Group AG (Financials) | (a) | 233,034 | 3,008,672 |
Common Stocks (Continued) | Shares | Value | |
Switzerland (continued) | |||
Givaudan SA (Materials) | (a) | 1,066 | $ 4,510,056 |
Glencore PLC (Materials) | (a)(b) | 112,847 | 358,379 |
Kuehne + Nagel International AG (Industrials) | (a) | 2,848 | 646,264 |
Lonza Group AG (Health Care) | (a) | 2,894 | 1,864,218 |
Nestle SA (Consumer Staples) | (a) | 109,948 | 12,997,092 |
Novartis AG (Health Care) | (a) | 37,828 | 3,561,804 |
Roche Holding AG (Health Care) | (a) | 22,302 | 7,767,752 |
SGS SA (Industrials) | (a) | 52 | 156,747 |
SIG Combibloc Group AG (Materials) | (a) | 1,428 | 33,249 |
Sika AG (Materials) | (a) | 10,884 | 2,966,905 |
STMicroelectronics N.V. (Information Technology) | (a) | 32,494 | 1,202,140 |
Swiss Re AG (Financials) | (a) | 19,145 | 1,803,711 |
UBS Group AG (Financials) | (a) | 52,865 | 744,330 |
44,926,523 | |||
Australia–7.0% | |||
Afterpay Ltd. (Information Technology) | (a)(b) | 3,757 | 341,533 |
Alumina Ltd. (Materials) | (a) | 111,991 | 158,785 |
Aristocrat Leisure Ltd. (Consumer Discretionary) | (a) | 100,599 | 2,415,479 |
Atlas Arteria Ltd. (Industrials) | (a) | 45,093 | 226,747 |
Australia & New Zealand Banking Group Ltd. (Financials) | (a) | 132,378 | 2,322,986 |
Bendigo & Adelaide Bank Ltd. (Financials) | (a) | 4,125 | 29,717 |
BHP Group Ltd. (Materials) | (a) | 113,836 | 3,719,539 |
BHP Group PLC (Materials) | (a) | 37,790 | 997,822 |
Brambles Ltd. (Industrials) | (a) | 41,591 | 341,141 |
CIMIC Group Ltd. (Industrials) | (a)(b) | 12,778 | 240,356 |
Cochlear Ltd. (Health Care) | (a) | 7,655 | 1,116,981 |
Commonwealth Bank of Australia (Financials) | (a) | 25,563 | 1,624,835 |
Corporate Travel Management Ltd. (Consumer Discretionary) | (a)(b) | 4,189 | 56,925 |
CSL Ltd. (Health Care) | (a) | 15,676 | 3,425,088 |
Downer EDI Ltd. (Industrials) | (a) | 6,555 | 26,935 |
Fortescue Metals Group Ltd. (Materials) | (a) | 3,724 | 67,264 |
Goodman Group (Real Estate) | (a) | 106,119 | 1,551,192 |
IDP Education Ltd. (Consumer Discretionary) | (a) | 4,134 | 63,364 |
Iluka Resources Ltd. (Materials) | (a) | 581,696 | 2,920,965 |
Insurance Australia Group Ltd. (Financials) | (a) | 290,165 | 1,053,029 |
IOOF Holdings Ltd. (Financials) | (a) | 180,527 | 489,496 |
Lendlease Corp. Ltd. (Real Estate) | (a) | 24,687 | 249,606 |
Macquarie Group Ltd. (Financials) | (a) | 25,950 | 2,769,887 |
Medibank Pvt Ltd. (Financials) | (a) | 7,965 | 18,448 |
Mineral Resources Ltd. (Materials) | (a) | 15,207 | 439,679 |
National Australia Bank Ltd. (Financials) | (a) | 40,359 | 703,612 |
Northern Star Resources Ltd. (Materials) | (a) | 2,957 | 28,902 |
Oil Search Ltd. (Energy) | (a) | 86,789 | 248,732 |
Orica Ltd. (Materials) | (a) | 6,291 | 73,578 |
OZ Minerals Ltd. (Materials) | (a) | 16,717 | 244,210 |
Perpetual Ltd. (Financials) | (a) | 3,635 | 97,485 |
Qantas Airways Ltd. (Industrials) | (a)(b) | 14,403 | 54,008 |
Ramsay Health Care Ltd. (Health Care) | (a) | 6,021 | 289,314 |
REA Group Ltd. (Communication Services) | (a) | 573 | 65,636 |
Scentre Group (Real Estate) | (a) | 222,486 | 477,897 |
SEEK Ltd. (Communication Services) | (a) | 29,796 | 653,273 |
South32 Ltd. (Materials) | (a) | 80,480 | 153,811 |
St Barbara Ltd. (Materials) | (a) | 41,961 | 76,329 |
Technology One Ltd. (Information Technology) | (a) | 22,024 | 139,402 |
Transurban Group (Industrials) | (a) | 60,927 | 642,037 |
Treasury Wine Estates Ltd. (Consumer Staples) | (a) | 46,994 | 339,947 |
Vicinity Centres (Real Estate) | (a) | 116,717 | 144,317 |
Westpac Banking Corp. (Financials) | (a) | 225,332 | 3,353,237 |
WiseTech Global Ltd. (Information Technology) | (a) | 13,995 | 332,594 |
Ohio National Fund, Inc. | ON BlackRock Advantage International Equity Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Australia (continued) | |||
Woodside Petroleum Ltd. (Energy) | (a) | 32,523 | $ 570,637 |
Worley Ltd. (Energy) | (a) | 13,919 | 122,941 |
35,479,698 | |||
Netherlands–5.9% | |||
ABN AMRO Bank N.V. (Financials) | (a)(b) | 187,731 | 1,839,555 |
Aegon N.V. (Financials) | (a) | 624,433 | 2,490,779 |
Argenx SE (Health Care) | (a)(b) | 584 | 172,094 |
ASML Holding N.V. (Information Technology) | (a) | 10,036 | 4,859,200 |
ASR Nederland N.V. (Financials) | (a) | 3,579 | 143,199 |
Euronext N.V. (Financials) | (a) | 6,310 | 695,045 |
Heineken N.V. (Consumer Staples) | (a) | 1,881 | 209,373 |
ING Groep N.V. (Financials) | (a)(b) | 301,014 | 2,798,780 |
Koninklijke DSM N.V. (Materials) | (a) | 17,830 | 3,066,246 |
Koninklijke Philips N.V. (Health Care) | (a)(b) | 33,111 | 1,783,608 |
Koninklijke Vopak N.V. (Energy) | (a) | 18,751 | 983,663 |
NN Group N.V. (Financials) | (a) | 2,649 | 114,517 |
Prosus N.V. (Consumer Discretionary) | (a) | 31,402 | 3,390,746 |
QIAGEN N.V. (Health Care) | (b)(c) | 2,316 | 120,106 |
Royal Dutch Shell PLC Class A (Energy) | (a) | 227,135 | 3,983,128 |
Royal Dutch Shell PLC Class B (Energy) | (a) | 132,856 | 2,251,738 |
SBM Offshore N.V. (Energy) | (a) | 8,653 | 163,471 |
Shop Apotheke Europe N.V. (Consumer Discretionary) | (a)(b) | 173 | 31,290 |
Signify N.V. (Industrials) | (a)(b) | 12,400 | 520,629 |
29,617,167 | |||
Sweden–3.5% | |||
Assa Abloy AB Class B (Industrials) | (a) | 37,801 | 934,139 |
Atlas Copco AB Class A (Industrials) | (a) | 65,014 | 3,341,486 |
Atlas Copco AB Class B (Industrials) | (a) | 60,185 | 2,701,552 |
Boliden AB (Materials) | (a) | 44,513 | 1,579,203 |
Elekta AB Class B (Health Care) | (a) | 1,160 | 15,540 |
Epiroc AB Class A (Industrials) | (a) | 54,893 | 997,665 |
Epiroc AB Class B (Industrials) | (a) | 42,416 | 716,054 |
EQT AB (Financials) | (a) | 20,719 | 525,924 |
Hennes & Mauritz AB Class B (Consumer Discretionary) | (a)(b) | 43,048 | 903,666 |
Hufvudstaden AB Class A (Real Estate) | (a) | 15 | 248 |
Investor AB Class B (Financials) | (a) | 11,860 | 863,210 |
Kinnevik AB Class B (Financials) | (a) | 30,995 | 1,557,083 |
L E Lundbergforetagen AB Class B (Financials) | (a)(b) | 7,699 | 413,042 |
Loomis AB (Industrials) | (a) | 2,666 | 73,519 |
Pandox AB (Consumer Discretionary) | (a)(b) | 15,581 | 273,405 |
Samhallsbyggnadsbolaget I Norden AB (Real Estate) | (a) | 180,800 | 632,853 |
SSAB AB (Materials) | (a)(b) | 55,491 | 196,709 |
Stillfront Group AB (Communication Services) | (a)(b) | 6,790 | 82,405 |
Svenska Cellulosa AB SCA Class B (Materials) | (a)(b) | 32,990 | 576,801 |
Svenska Handelsbanken AB Class A (Financials) | (a)(b) | 54,625 | 550,622 |
Swedish Match AB (Consumer Staples) | (a) | 2,055 | 159,922 |
Swedish Orphan Biovitrum AB (Health Care) | (a)(b) | 12,214 | 245,799 |
Telefonaktiebolaget LM Ericsson Class B (Information Technology) | (a) | 5,584 | 66,424 |
17,407,271 | |||
Hong Kong–3.5% | |||
AIA Group Ltd. (Financials) | (a) | 260,600 | 3,175,702 |
BOC Hong Kong Holdings Ltd. (Financials) | (a) | 449,000 | 1,361,020 |
Budweiser Brewing Co. APAC Ltd. (Consumer Staples) | (a) | 49,700 | 164,176 |
Cathay Pacific Airways Ltd. (Industrials) | (a)(b) | 90,000 | 83,360 |
Champion REIT (Real Estate) | (a) | 265,000 | 154,849 |
CK Asset Holdings Ltd. (Real Estate) | (a) | 90,100 | 461,033 |
CLP Holdings Ltd. (Utilities) | (a) | 74,000 | 684,251 |
ESR Cayman Ltd. (Real Estate) | (a)(b) | 21,200 | 76,101 |
Common Stocks (Continued) | Shares | Value | |
Hong Kong (continued) | |||
Hang Seng Bank Ltd. (Financials) | (a) | 30,300 | $ 522,919 |
Henderson Land Development Co. Ltd. (Real Estate) | (a) | 10,000 | 38,847 |
Hong Kong & China Gas Co. Ltd. (Utilities) | (a) | 94,150 | 140,858 |
Hong Kong Exchanges & Clearing Ltd. (Financials) | (a) | 29,500 | 1,618,125 |
Hongkong Land Holdings Ltd. (Real Estate) | (a) | 95,300 | 393,605 |
Hysan Development Co. Ltd. (Real Estate) | (a) | 7,000 | 25,640 |
Jardine Strategic Holdings Ltd. (Industrials) | (a) | 12,000 | 298,283 |
Kerry Properties Ltd. (Real Estate) | (a) | 245,500 | 620,937 |
Link REIT (Real Estate) | (a) | 104,800 | 951,770 |
Man Wah Holdings Ltd. (Consumer Discretionary) | (a) | 182,800 | 396,527 |
MTR Corp. Ltd. (Industrials) | (a) | 206,500 | 1,154,879 |
New World Development Co. Ltd. (Real Estate) | (a) | 136,000 | 632,727 |
NWS Holdings Ltd. (Industrials) | (a) | 371,000 | 344,724 |
Sino Land Co. Ltd. (Real Estate) | (a) | 30,000 | 39,039 |
Sun Hung Kai Properties Ltd. (Real Estate) | (a) | 71,000 | 908,017 |
Swire Pacific Ltd. Class A (Real Estate) | (a) | 44,700 | 246,226 |
Swire Properties Ltd. (Real Estate) | (a) | 438,400 | 1,274,618 |
Techtronic Industries Co. Ltd. (Industrials) | (a) | 83,000 | 1,186,354 |
Vitasoy International Holdings Ltd. (Consumer Staples) | (a) | 6,000 | 23,371 |
Wharf Real Estate Investment Co. Ltd. (Real Estate) | (a) | 75,000 | 389,783 |
17,367,741 | |||
Denmark–2.8% | |||
Chr Hansen Holding A/S (Materials) | (a)(b) | 23,925 | 2,471,971 |
Coloplast A/S Class B (Health Care) | (a) | 1,295 | 198,043 |
DSV PANALPINA A/S (Industrials) | (a) | 3,836 | 644,685 |
Genmab A/S (Health Care) | (a)(b) | 2,399 | 972,780 |
Jyske Bank A/S (Financials) | (a)(b) | 1,270 | 48,494 |
Novo Nordisk A/S Class B (Health Care) | (a) | 75,486 | 5,265,838 |
Novozymes A/S (Materials) | (a) | 12,344 | 703,113 |
Orsted A/S (Utilities) | (a) | 8,395 | 1,717,661 |
ROCKWOOL International A/S Class B (Industrials) | (a) | 807 | 302,024 |
Vestas Wind Systems A/S (Industrials) | (a) | 8,107 | 1,915,111 |
14,239,720 | |||
Italy–2.2% | |||
Assicurazioni Generali SpA (Financials) | (a) | 105,269 | 1,843,091 |
Banca Generali SpA (Financials) | (a)(b) | 8,593 | 287,399 |
Banca Mediolanum SpA (Financials) | (a)(b) | 9,460 | 82,183 |
DiaSorin SpA (Health Care) | (a) | 88 | 18,373 |
Enel SpA (Utilities) | (a) | 287,869 | 2,928,989 |
Ferrari N.V. (Consumer Discretionary) | (a)(b) | 3,237 | 750,794 |
Infrastrutture Wireless Italiane SpA (Communication Services) | (a) | 1,808 | 21,917 |
Interpump Group SpA (Industrials) | (a) | 3,193 | 158,063 |
Intesa Sanpaolo SpA (Financials) | (a)(b) | 271,631 | 642,059 |
Italgas SpA (Utilities) | (a) | 42,610 | 271,426 |
Leonardo SpA (Industrials) | (a) | 6,910 | 49,947 |
Mediobanca Banca di Credito Finanziario SpA (Financials) | (a)(b) | 8,227 | 76,156 |
Pirelli & C SpA (Consumer Discretionary) | (a)(b) | 79,034 | 428,453 |
Prysmian SpA (Industrials) | (a) | 13,825 | 492,068 |
Recordati Industria Chimica e Farmaceutica SpA (Health Care) | (a) | 691 | 38,426 |
Terna Rete Elettrica Nazionale SpA (Utilities) | (a) | 2,943 | 22,614 |
UniCredit SpA (Financials) | (a)(b) | 261,715 | 2,452,112 |
Unipol Gruppo SpA (Financials) | (a)(b) | 106,786 | 513,150 |
11,077,220 | |||
Spain–2.1% | |||
Aena SME SA (Industrials) | (a)(b) | 1,597 | 277,637 |
Amadeus IT Group SA (Information Technology) | (a) | 5,842 | 431,240 |
Ohio National Fund, Inc. | ON BlackRock Advantage International Equity Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Spain (continued) | |||
Banco Bilbao Vizcaya Argentaria SA (Financials) | (a) | 56,792 | $ 281,495 |
Banco Santander SA (Financials) | (a)(b) | 337,636 | 1,052,864 |
CaixaBank SA (Financials) | (a) | 66,527 | 170,993 |
Cellnex Telecom SA (Communication Services) | (a) | 8,941 | 536,933 |
EDP Renovaveis SA (Utilities) | (a) | 8,372 | 231,890 |
Grifols SA (Health Care) | (a) | 1,291 | 37,693 |
Iberdrola SA (Utilities) | (a) | 206,958 | 2,974,046 |
Industria de Diseno Textil SA (Consumer Discretionary) | (a) | 91,070 | 2,890,545 |
Naturgy Energy Group SA (Utilities) | (a) | 17,918 | 416,667 |
Repsol SA (Energy) | (a) | 68,377 | 688,838 |
Siemens Gamesa Renewable Energy SA (Industrials) | (a) | 13,308 | 540,389 |
10,531,230 | |||
Singapore–1.0% | |||
Ascendas Real Estate Investment Trust (Real Estate) | (a) | 147,700 | 333,426 |
CapitaLand Ltd. (Real Estate) | (a) | 111,800 | 277,406 |
DBS Group Holdings Ltd. (Financials) | (a) | 52,500 | 994,913 |
Jardine Cycle & Carriage Ltd. (Consumer Discretionary) | (a) | 60,200 | 891,858 |
Keppel Corp. Ltd. (Industrials) | (a) | 8,700 | 35,430 |
Oversea-Chinese Banking Corp. Ltd. (Financials) | (a) | 57,400 | 437,416 |
Singapore Airlines Ltd. (Industrials) | (a)(b) | 265,700 | 862,123 |
Singapore Post Ltd. (Industrials) | (a) | 221,600 | 118,420 |
Singapore Press Holdings Ltd. (Communication Services) | (a) | 18,300 | 15,655 |
Singapore Technologies Engineering Ltd. (Industrials) | (a) | 37,800 | 109,396 |
Singapore Telecommunications Ltd. (Communication Services) | (a) | 294,300 | 513,889 |
United Overseas Bank Ltd. (Financials) | (a) | 37,500 | 639,165 |
5,229,097 | |||
Ireland–1.0% | |||
AIB Group PLC (Financials) | (a)(b) | 13,753 | 28,243 |
Bank of Ireland Group PLC (Financials) | (a)(b) | 39,321 | 158,739 |
DCC PLC (Industrials) | (a) | 353 | 24,979 |
Experian PLC (Industrials) | (a) | 73,270 | 2,783,427 |
Flutter Entertainment PLC (Consumer Discretionary) | (a)(b) | 7,118 | 1,447,340 |
Kerry Group PLC Class A (Consumer Staples) | (a) | 366 | 53,159 |
Kingspan Group PLC (Industrials) | (a)(b) | 7,966 | 557,835 |
5,053,722 | |||
Finland–1.0% | |||
Kesko Oyj Class B (Consumer Staples) | (a) | 2,033 | 52,180 |
Kojamo Oyj (Real Estate) | (a) | 7,317 | 162,402 |
Kone Oyj Class B (Industrials) | (a) | 4,013 | 326,980 |
Metso Outotec Oyj (Industrials) | (a) | 5,389 | 54,147 |
Neste Oyj (Energy) | (a) | 16,463 | 1,195,276 |
Nokia Oyj (Information Technology) | (a)(b) | 203,046 | 784,229 |
Nordea Bank Abp (Financials) | (a)(b) | 222,105 | 1,820,237 |
Sampo Oyj Class A (Financials) | (a) | 11,605 | 496,155 |
4,891,606 | |||
Norway–0.8% | |||
Adevinta ASA (Communication Services) | (a)(b) | 24,103 | 405,172 |
DNB ASA (Financials) | (a)(b) | 77,849 | 1,525,498 |
Equinor ASA (Energy) | (a) | 97,906 | 1,652,309 |
NEL ASA (Industrials) | (a)(b) | 71,190 | 240,885 |
Common Stocks (Continued) | Shares | Value | |
Norway (continued) | |||
Schibsted ASA Class B (Communication Services) | (a)(b) | 3,777 | $ 140,204 |
Schibsted ASA Class A (Communication Services) | (a)(b) | 1,231 | 52,465 |
Telenor ASA (Communication Services) | (a) | 13,272 | 225,289 |
4,241,822 | |||
Israel–0.6% | |||
Azrieli Group Ltd. (Real Estate) | (a) | 386 | 24,533 |
Bank Hapoalim BM (Financials) | (a)(b) | 222,131 | 1,525,649 |
Bank Leumi Le-Israel BM (Financials) | (a) | 46,383 | 273,788 |
Energix-Renewable Energies Ltd. (Utilities) | (a) | 4,164 | 19,024 |
Israel Discount Bank Ltd. Class A (Financials) | (a) | 72,522 | 280,012 |
Mizrahi Tefahot Bank Ltd. (Financials) | (a) | 6,507 | 150,946 |
Nice Ltd. (Information Technology) | (a)(b) | 1,934 | 547,162 |
Teva Pharmaceutical Industries Ltd. (Health Care) | (a)(b) | 13,903 | 134,319 |
2,955,433 | |||
Belgium–0.5% | |||
Anheuser-Busch InBev SA / N.V. (Consumer Staples) | (a) | 15,538 | 1,084,035 |
Elia Group SA / N.V. (Utilities) | (a) | 483 | 57,651 |
UCB SA (Health Care) | (a) | 4,668 | 482,192 |
Umicore SA (Materials) | (a) | 12,452 | 598,506 |
Warehouses De Pauw CVA (Real Estate) | (a) | 5,497 | 190,573 |
2,412,957 | |||
Portugal–0.4% | |||
EDP - Energias de Portugal SA (Utilities) | (a) | 122,018 | 765,847 |
Galp Energia SGPS SA (Energy) | (a) | 96,401 | 1,021,503 |
1,787,350 | |||
Austria–0.3% | |||
ams AG (Information Technology) | (a)(b) | 786 | 17,126 |
Erste Group Bank AG (Financials) | (a)(b) | 10,781 | 328,419 |
Raiffeisen Bank International AG (Financials) | (a)(b) | 66,729 | 1,356,042 |
1,701,587 | |||
New Zealand–0.3% | |||
a2 Milk Co. Ltd. / The (Consumer Staples) | (a)(b) | 75,101 | 662,707 |
a2 Milk Co. Ltd. / The (Consumer Staples) | (a)(b) | 17,247 | 150,005 |
Air New Zealand Ltd. (Industrials) | (a)(b) | 38,555 | 50,110 |
Auckland International Airport Ltd. (Industrials) | (a)(b) | 8,882 | 48,572 |
Fisher & Paykel Healthcare Corp. Ltd. (Health Care) | (a) | 26,109 | 620,056 |
Xero Ltd. (Information Technology) | (a)(b) | 158 | 17,933 |
1,549,383 | |||
Macao–0.3% | |||
Sands China Ltd. (Consumer Discretionary) | (a) | 316,400 | 1,381,844 |
China–0.1% | |||
Sinopec Engineering Group Co. Ltd. (Industrials) | (a) | 400 | 173 |
Yangzijiang Shipbuilding Holdings Ltd. (Industrials) | (a) | 985,800 | 712,637 |
712,810 | |||
Luxembourg–0.1% | |||
Aroundtown SA (Real Estate) | (a) | 28,375 | 211,562 |
Eurofins Scientific SE (Health Care) | (a)(b) | 2,835 | 239,121 |
RTL Group SA (Communication Services) | (a)(b) | 1,677 | 81,587 |
532,270 |
Ohio National Fund, Inc. | ON BlackRock Advantage International Equity Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
United Arab Emirates–0.0% | |||
Network International Holdings PLC (Information Technology) | (a)(b) | 25,697 | $ 115,783 |
United States–0.0% | |||
Sims Ltd. (Materials) | (a) | 6,058 | 62,642 |
Total Common Stocks (Cost $457,359,014) | $501,292,850 |
Preferred Securities–0.7% | Rate | Quantity | Value | |
Germany–0.7% | ||||
Henkel AG & Co. KGaA (Consumer Staples) | (a) | 2.004% (d) | 216 | $ 24,355 |
Porsche Automobil Holding SE (Consumer Discretionary) | (a) | 3.918% (d) | 625 | 43,173 |
Schaeffler AG (Consumer Discretionary) | (a) | 6.584% (d) | 3,339 | 27,957 |
Volkswagen AG (Consumer Discretionary) | (a) | 3.189% (d) | 18,055 | 3,374,186 |
3,469,671 | ||||
Italy–0.0% | ||||
Telecom Italia SpA (Communication Services) | (a) | 6.489% (d) | 305,749 | 159,315 |
Total Preferred Securities (Cost $3,359,675) | $ 3,628,986 |
Warrants –0.0% | Shares | Value | |
Switzerland–0.0% | |||
Cie Financiere Richemont SA (Consumer Discretionary) | (c) | 126,446 | $ 32,850 |
Total Warrants (Cost $0) | $ 32,850 |
Rights –0.0% | Shares | Value | |
Spain–0.0% | |||
Repsol SA (Energy) | (b)(c) | 71,793 | $ 24,619 |
Australia–0.0% | |||
IGO Ltd. (Materials) | (b)(c) | 775 | 1,064 |
Total Rights (Cost $25,195) | $ 25,683 |
Money Market Funds–1.4% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.097% | (e) | 6,903,521 | $ 6,904,902 |
Total Money Market Funds (Cost $6,904,902) | $ 6,904,902 | ||
Total Investments – 101.5% (Cost $467,648,786) | (f) | $511,885,271 | |
Liabilities in Excess of Other Assets – (1.5)% | (g) | (7,469,084) | |
Net Assets – 100.0% | $504,416,187 |
Percentages are stated as a percent of net assets. |
Footnotes: | ||
(a) | Security traded on a foreign exchange has been valued at an estimate of fair value that is different than the local market close price. These fair value estimates are determined by an independent fair valuation service that has been approved by the Board. These securities represent $504,652,911 or 100.0% of the Portfolio’s net assets. | |
(b) | Non-income producing security. | |
(c) | As discussed in Note 2 of the Notes to Financial Statements, not all investments that are traded on a foreign exchange are valued at an estimate that is different from the local close price. In some instances, the independent fair valuation service uses a stock’s local close price because the service’s measure of predictability related to their valuation model of a stock is below a chosen threshold. These securities represent $327,458 or 0.1% of the Portfolio’s net assets. Other Portfolio securities are not subjected to fair valuation procedures because they are traded on domestic or foreign exchanges that have close times that are consistent with the U.S. market close, normally 4:00 pm Eastern Time. | |
(d) | Represents twelve-month dividend yield. Rates are determined by actual distributions, which are impacted by factors unique to each preference share such as board authorization, distributable earnings, and preferred payout features compared to other classes of equity. | |
(e) | Rate represents the seven-day yield at December 31, 2020. | |
(f) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 8 of the Notes to Financial Statements. | |
(g) | Includes $522,720 of cash pledged as collateral for the futures contracts outstanding at December 31, 2020. See also the following Schedule of Open Futures Contracts. |
Schedule of Open Futures Contracts | December 31, 2020 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
MSCI EAFE Index - Long | 60 | March 19, 2021 | $6,329,807 | $6,392,400 | $62,593 | $(59,420) |
Ohio National Fund, Inc. | ON Janus Henderson Forty Portfolio (Unaudited) |
Average Annual returns | |
One year | 37.87% |
Five years | 20.91% |
Ten years | 16.92% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2020. |
Ohio National Fund, Inc. | ON Janus Henderson Forty Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2020 (1) | |
% of Net Assets | |
Common Stocks (4) | 97.9 |
Money Market Funds and Other Net Assets | 2.1 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2020 (1) (2) (3) | ||
% of Net Assets | ||
1. | Amazon.com, Inc. | 8.6 |
2. | Microsoft Corp. | 7.7 |
3. | Mastercard, Inc. Class A | 6.1 |
4. | Apple, Inc. | 5.4 |
5. | Facebook, Inc. Class A | 4.1 |
6. | T-Mobile U.S., Inc. | 3.5 |
7. | salesforce.com, Inc. | 3.2 |
8. | Booking Holdings, Inc. | 3.2 |
9. | Texas Instruments, Inc. | 3.1 |
10. | Alphabet, Inc. Class C | 2.9 |
(1) | Composition of Portfolio subject to change. | |
(2) | Short-term investments have been excluded from the list of Top 10 Portfolio Holdings. | |
(3) | Top 10 Portfolio Holdings is presented at an individual security level. Total investment exposure by issuer may be higher. | |
(4) | Sectors (Common Stocks): |
% of Net Assets | |
Information Technology | 35.6 |
Consumer Discretionary | 18.7 |
Communication Services | 18.1 |
Health Care | 16.4 |
Industrials | 4.9 |
Real Estate | 2.0 |
Materials | 1.9 |
Financials | 0.3 |
97.9 |
Ohio National Fund, Inc. | ON Janus Henderson Forty Portfolio |
Schedule of Investments | December 31, 2020 |
Common Stocks–97.9% | Shares | Value | |
Communication Services–18.1% | |||
Alphabet, Inc. Class C (Interactive Media & Svs.) | (a) | 3,406 | $ 5,966,903 |
Facebook, Inc. Class A (Interactive Media & Svs.) | (a) | 30,893 | 8,438,732 |
Match Group, Inc. (Interactive Media & Svs.) | (a) | 19,824 | 2,997,190 |
Netflix, Inc. (Entertainment) | (a) | 8,712 | 4,710,840 |
Snap, Inc. Class A (Interactive Media & Svs.) | (a) | 103,025 | 5,158,462 |
T-Mobile U.S., Inc. (Wireless Telecom. Svs.) | (a) | 52,528 | 7,083,401 |
Walt Disney Co. / The (Entertainment) | (a) | 14,377 | 2,604,825 |
36,960,353 | |||
Consumer Discretionary–18.7% | |||
Amazon.com, Inc. (Internet & Direct Marketing Retail) | (a) | 5,361 | 17,460,402 |
Booking Holdings, Inc. (Internet & Direct Marketing Retail) | (a) | 2,892 | 6,441,265 |
Caesars Entertainment, Inc. (Hotels, Restaurants & Leisure) | (a) | 20,049 | 1,489,039 |
DoorDash, Inc. Class A (Internet & Direct Marketing Retail) | (a) | 3,247 | 463,509 |
LVMH Moet Hennessy Louis Vuitton SE (Textiles, Apparel & Luxury Goods) | (b) | 7,239 | 4,531,621 |
NIKE, Inc. Class B (Textiles, Apparel & Luxury Goods) | 31,656 | 4,478,374 | |
Terminix Global Holdings, Inc. (Diversified Consumer Svs.) | (a) | 62,097 | 3,167,568 |
38,031,778 | |||
Financials–0.3% | |||
Altimeter Growth Corp. (Capital Markets) | (a) | 54,974 | 714,662 |
Health Care–16.4% | |||
Accolade, Inc. (Health Care Technology) | (a) | 11,199 | 487,157 |
Align Technology, Inc. (Health Care Equip. & Supplies) | (a) | 9,243 | 4,939,274 |
Ascendis Pharma A/S – ADR (Biotechnology) | (a) | 8,349 | 1,392,446 |
Boston Scientific Corp. (Health Care Equip. & Supplies) | (a) | 130,461 | 4,690,073 |
Cooper Cos., Inc. / The (Health Care Equip. & Supplies) | 12,213 | 4,437,227 | |
Danaher Corp. (Health Care Equip. & Supplies) | 22,110 | 4,911,516 | |
Elanco Animal Health, Inc. (Pharmaceuticals) | (a) | 118,866 | 3,645,620 |
Globus Medical, Inc. Class A (Health Care Equip. & Supplies) | (a) | 34,916 | 2,277,222 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
Illumina, Inc. (Life Sciences Tools & Svs.) | (a) | 8,733 | $ 3,231,210 |
Neurocrine Biosciences, Inc. (Biotechnology) | (a) | 34,533 | 3,309,988 |
33,321,733 | |||
Industrials–4.9% | |||
CoStar Group, Inc. (Professional Svs.) | (a) | 4,387 | 4,054,816 |
L3Harris Technologies, Inc. (Aerospace & Defense) | 31,246 | 5,906,119 | |
9,960,935 | |||
Information Technology–35.6% | |||
Adobe, Inc. (Software) | (a) | 11,821 | 5,911,919 |
Apple, Inc. (Tech. Hardware, Storage & Periph.) | 83,079 | 11,023,752 | |
ASML Holding N.V. (Semiconductors & Equip.) | 9,785 | 4,772,340 | |
Atlassian Corp. PLC Class A (Software) | (a) | 9,749 | 2,279,999 |
Avalara, Inc. (Software) | (a) | 6,066 | 1,000,223 |
Mastercard, Inc. Class A (IT Svs.) | 34,613 | 12,354,764 | |
Microsoft Corp. (Software) | 70,364 | 15,650,361 | |
NVIDIA Corp. (Semiconductors & Equip.) | 7,815 | 4,080,993 | |
salesforce.com, Inc. (Software) | (a) | 29,271 | 6,513,676 |
Texas Instruments, Inc. (Semiconductors & Equip.) | 38,608 | 6,336,731 | |
Twilio, Inc. Class A (IT Svs.) | (a) | 7,529 | 2,548,566 |
72,473,324 | |||
Materials–1.9% | |||
Sherwin-Williams Co. / The (Chemicals) | 5,276 | 3,877,385 | |
Real Estate–2.0% | |||
American Tower Corp. (Equity REIT) | 18,055 | 4,052,625 | |
Total Common Stocks (Cost $123,264,292) | $199,392,795 |
Money Market Funds–2.0% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.097% | (c) | 4,102,162 | $ 4,102,983 |
Total Money Market Funds (Cost $4,102,983) | $ 4,102,983 | ||
Total Investments – 99.9% (Cost $127,367,275) | (d) | $203,495,778 | |
Other Assets in Excess of Liabilities – 0.1% | 142,379 | ||
Net Assets – 100.0% | $203,638,157 |
Percentages are stated as a percent of net assets. |
Abbreviations: | ||
ADR: | American Depositary Receipts |
Footnotes: | ||
(a) | Non-income producing security. | |
(b) | Security traded on a foreign exchange has been valued at an estimate of fair value that is different than the local market close price. These fair value estimates are determined by an independent fair valuation service that has been approved by the Board. These securities represent $4,531,621 or 2.2% of the Portfolio’s net assets. | |
(c) | Rate represents the seven-day yield at December 31, 2020. | |
(d) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 8 of the Notes to Financial Statements. |
Ohio National Fund, Inc. | ON Janus Henderson Venture Portfolio (Unaudited) |
Average Annual returns | |
One year | 34.04% |
Five years | 16.32% |
Ten years | 15.27% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2020. |
Ohio National Fund, Inc. | ON Janus Henderson Venture Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2020 (1) | |
% of Net Assets | |
Common Stocks (4) | 100.5 |
Rights (4) | 0.0 |
Money Market Funds Less Net Liabilities | (0.5) |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2020 (1) (2) (3) | ||
% of Net Assets | ||
1. | QuantumScape Corp. Class A PIPE | 4.6 |
2. | Nice Ltd. – ADR | 3.0 |
3. | Catalent, Inc. | 2.8 |
4. | SS&C Technologies Holdings, Inc. | 1.9 |
5. | J2 Global, Inc. | 1.7 |
6. | Terminix Global Holdings, Inc. | 1.7 |
7. | Sensient Technologies Corp. | 1.6 |
8. | Paylocity Holding Corp. | 1.6 |
9. | Broadridge Financial Solutions, Inc. | 1.5 |
10. | Descartes Systems Group, Inc. / The | 1.5 |
(1) | Composition of Portfolio subject to change. | |
(2) | Short-term investments have been excluded from the list of Top 10 Portfolio Holdings. | |
(3) | Top 10 Portfolio Holdings is presented at an individual security level. Total investment exposure by issuer may be higher. | |
(4) | Sectors (Common Stocks, Rights): |
% of Net Assets | |
Information Technology | 33.5 |
Health Care | 30.7 |
Industrials | 11.9 |
Consumer Discretionary | 10.8 |
Financials | 3.8 |
Materials | 3.5 |
Real Estate | 2.6 |
Consumer Staples | 2.4 |
Communication Services | 1.3 |
100.5 |
Ohio National Fund, Inc. | ON Janus Henderson Venture Portfolio |
Schedule of Investments | December 31, 2020 |
Common Stocks–100.5% | Shares | Value | |
Communication Services–1.3% | |||
Manchester United PLC Class A (Entertainment) | 46,416 | $ 777,004 | |
Vonage Holdings Corp. (Diversified Telecom. Svs.) | (a) | 120,958 | 1,557,334 |
2,334,338 | |||
Consumer Discretionary–10.8% | |||
frontdoor, Inc. (Diversified Consumer Svs.) | (a) | 31,460 | 1,579,607 |
Lovesac Co. / The (Household Durables) | (a) | 38,133 | 1,643,151 |
Monarch Casino & Resort, Inc. (Hotels, Restaurants & Leisure) | (a) | 13,603 | 832,776 |
QuantumScape Corp. Class A PIPE (Acquired September 04, 2020, Cost $997,910) (Auto Components) | (b) | 99,791 | 8,427,350 |
Stride, Inc. (Diversified Consumer Svs.) | (a) | 39,633 | 841,408 |
Terminix Global Holdings, Inc. (Diversified Consumer Svs.) | (a) | 59,029 | 3,011,069 |
Thor Industries, Inc. (Automobiles) | 9,301 | 864,900 | |
Visteon Corp. (Auto Components) | (a) | 11,708 | 1,469,588 |
Williams-Sonoma, Inc. (Specialty Retail) | 10,874 | 1,107,408 | |
19,777,257 | |||
Consumer Staples–2.4% | |||
BellRing Brands, Inc. Class A (Personal Products) | (a) | 33,198 | 807,043 |
Casey's General Stores, Inc. (Food & Staples Retailing) | 5,428 | 969,549 | |
Hain Celestial Group, Inc. / The (Food Products) | (a) | 20,536 | 824,521 |
Laird Superfood, Inc. (Food Products) | (a) | 29,337 | 1,388,227 |
Ontex Group N.V. (Personal Products) | (a)(c) | 24,721 | 332,346 |
4,321,686 | |||
Financials–3.8% | |||
Assetmark Financial Holdings, Inc. (Capital Markets) | (a) | 27,123 | 656,377 |
LendingTree, Inc. (Consumer Finance) | (a) | 3,680 | 1,007,547 |
LPL Financial Holdings, Inc. (Capital Markets) | 25,540 | 2,661,779 | |
Novus Capital Corp. (Capital Markets) | (a) | 55,447 | 867,746 |
RLI Corp. (Insurance) | 15,915 | 1,657,547 | |
6,850,996 | |||
Health Care–30.7% | |||
Acceleron Pharma, Inc. (Biotechnology) | (a) | 6,151 | 786,959 |
Akero Therapeutics, Inc. (Biotechnology) | (a) | 20,544 | 530,035 |
Amicus Therapeutics, Inc. (Biotechnology) | (a) | 54,415 | 1,256,442 |
Ascendis Pharma A/S – ADR (Biotechnology) | (a) | 5,334 | 889,605 |
Axogen, Inc. (Health Care Equip. & Supplies) | (a) | 60,917 | 1,090,414 |
Bio-Techne Corp. (Life Sciences Tools & Svs.) | 4,585 | 1,455,967 | |
Bridgebio Pharma, Inc. (Biotechnology) | (a) | 24,946 | 1,773,910 |
Catalent, Inc. (Pharmaceuticals) | (a) | 48,749 | 5,073,308 |
Codexis, Inc. (Life Sciences Tools & Svs.) | (a) | 58,767 | 1,282,884 |
CryoPort, Inc. (Health Care Equip. & Supplies) | (a) | 31,894 | 1,399,509 |
Deciphera Pharmaceuticals, Inc. (Biotechnology) | (a) | 14,337 | 818,213 |
Eagle Pharmaceuticals, Inc. (Biotechnology) | (a) | 23,478 | 1,093,370 |
Eargo, Inc. (Health Care Equip. & Supplies) | (a) | 12,030 | 539,185 |
FibroGen, Inc. (Biotechnology) | (a) | 29,808 | 1,105,579 |
Glaukos Corp. (Health Care Equip. & Supplies) | (a) | 14,601 | 1,098,871 |
Global Blood Therapeutics, Inc. (Biotechnology) | (a) | 17,679 | 765,677 |
Globus Medical, Inc. Class A (Health Care Equip. & Supplies) | (a) | 33,217 | 2,166,413 |
GW Pharmaceuticals PLC – ADR (Pharmaceuticals) | (a) | 8,124 | 937,591 |
Halozyme Therapeutics, Inc. (Biotechnology) | (a) | 35,130 | 1,500,402 |
HealthEquity, Inc. (Health Care Providers & Svs.) | (a) | 14,125 | 984,654 |
Heska Corp. (Health Care Equip. & Supplies) | (a) | 5,736 | 835,448 |
ICON PLC (Life Sciences Tools & Svs.) | (a) | 5,821 | 1,134,979 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
ICU Medical, Inc. (Health Care Equip. & Supplies) | (a) | 7,902 | $ 1,694,900 |
Insmed, Inc. (Biotechnology) | (a) | 35,532 | 1,182,860 |
Integra LifeSciences Holdings Corp. (Health Care Equip. & Supplies) | (a) | 37,728 | 2,449,302 |
Ligand Pharmaceuticals, Inc. (Biotechnology) | (a) | 16,938 | 1,684,484 |
Mersana Therapeutics, Inc. (Biotechnology) | (a) | 36,013 | 958,306 |
Mirati Therapeutics, Inc. (Biotechnology) | (a) | 6,746 | 1,481,691 |
Myovant Sciences Ltd. (Biotechnology) | (a) | 40,846 | 1,128,167 |
NeoGenomics, Inc. (Life Sciences Tools & Svs.) | (a) | 43,237 | 2,327,880 |
Neurocrine Biosciences, Inc. (Biotechnology) | (a) | 14,060 | 1,347,651 |
Oak Street Health, Inc. (Health Care Providers & Svs.) | (a) | 9,028 | 552,152 |
Phathom Pharmaceuticals, Inc. (Pharmaceuticals) | (a) | 14,716 | 488,866 |
Phreesia, Inc. (Health Care Technology) | (a) | 26,285 | 1,426,224 |
Prestige Consumer Healthcare, Inc. (Pharmaceuticals) | (a) | 27,636 | 963,667 |
Providence Service Corp. / The (Health Care Providers & Svs.) | (a) | 10,812 | 1,498,868 |
PTC Therapeutics, Inc. (Biotechnology) | (a) | 22,847 | 1,394,352 |
Pulmonx Corp. (Health Care Equip. & Supplies) | (a) | 15,190 | 1,048,414 |
Rhythm Pharmaceuticals, Inc. (Biotechnology) | (a) | 32,029 | 952,222 |
Rocket Pharmaceuticals, Inc. (Biotechnology) | (a) | 11,584 | 635,267 |
Seres Therapeutics, Inc. (Biotechnology) | (a) | 21,318 | 522,291 |
STERIS PLC (Health Care Equip. & Supplies) | 8,045 | 1,524,849 | |
Surmodics, Inc. (Health Care Equip. & Supplies) | (a) | 16,824 | 732,180 |
Travere Therapeutics, Inc. (Biotechnology) | (a) | 29,432 | 802,169 |
Vaxcyte, Inc. (Pharmaceuticals) | (a) | 5,045 | 134,046 |
Zogenix, Inc. (Pharmaceuticals) | (a) | 30,836 | 616,412 |
56,066,635 | |||
Industrials–11.9% | |||
Alamo Group, Inc. (Machinery) | 7,635 | 1,053,248 | |
AMERCO (Road & Rail) | 1,531 | 695,013 | |
Brady Corp. Class A (Commercial Svs. & Supplies) | 34,420 | 1,818,064 | |
Cimpress PLC (Commercial Svs. & Supplies) | (a) | 7,186 | 630,500 |
Clarivate PLC (Professional Svs.) | (a) | 73,955 | 2,197,203 |
Construction Partners, Inc. Class A (Construction & Engineering) | (a) | 34,542 | 1,005,518 |
CSW Industrials, Inc. (Building Products) | 16,527 | 1,849,536 | |
EnerSys (Electrical Equip.) | 17,576 | 1,459,862 | |
Gates Industrial Corp. PLC (Machinery) | (a) | 72,843 | 929,477 |
Hydrofarm Holdings Group, Inc. (Machinery) | (a) | 12,595 | 662,245 |
ITT, Inc. (Machinery) | 26,294 | 2,025,164 | |
Kornit Digital Ltd. (Machinery) | (a) | 17,311 | 1,542,929 |
Montrose Environmental Group, Inc. (Commercial Svs. & Supplies) | (a) | 28,731 | 889,512 |
Nordson Corp. (Machinery) | 7,586 | 1,524,407 | |
Rexnord Corp. (Machinery) | 58,669 | 2,316,839 | |
SPX Corp. (Machinery) | (a) | 19,100 | 1,041,714 |
21,641,231 | |||
Information Technology–33.5% | |||
908 Devices, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 34,997 | 1,993,079 |
Altair Engineering, Inc. Class A (Software) | (a) | 24,208 | 1,408,422 |
Blackbaud, Inc. (Software) | 32,045 | 1,844,510 | |
Broadridge Financial Solutions, Inc. (IT Svs.) | 18,322 | 2,806,930 | |
ChannelAdvisor Corp. (Software) | (a) | 92,831 | 1,483,439 |
Descartes Systems Group, Inc. / The (Software) | (a) | 47,921 | 2,802,827 |
Envestnet, Inc. (Software) | (a) | 22,885 | 1,883,207 |
Euronet Worldwide, Inc. (IT Svs.) | (a) | 19,277 | 2,793,623 |
Everbridge, Inc. (Software) | (a) | 7,561 | 1,127,118 |
Ohio National Fund, Inc. | ON Janus Henderson Venture Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Information Technology (continued) | |||
Guidewire Software, Inc. (Software) | (a) | 8,955 | $ 1,152,777 |
Intelligent Systems Corp. (Software) | (a) | 14,826 | 594,671 |
J2 Global, Inc. (Software) | (a) | 31,590 | 3,086,027 |
LivePerson, Inc. (Software) | (a) | 40,939 | 2,547,634 |
Medallia, Inc. (Software) | (a) | 37,792 | 1,255,450 |
Napco Security Technologies, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 33,091 | 867,646 |
National Instruments Corp. (Electronic Equip., Instr. & Comp.) | 20,425 | 897,475 | |
Nice Ltd. – ADR (Software) | (a) | 19,146 | 5,428,657 |
Novanta, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 9,032 | 1,067,763 |
ON Semiconductor Corp. (Semiconductors & Equip.) | (a) | 71,826 | 2,350,865 |
OSI Systems, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 17,779 | 1,657,358 |
Paylocity Holding Corp. (Software) | (a) | 14,001 | 2,882,946 |
RealPage, Inc. (Software) | (a) | 29,907 | 2,609,087 |
Repay Holdings Corp. (IT Svs.) | (a) | 35,296 | 961,816 |
Rogers Corp. (Electronic Equip., Instr. & Comp.) | (a) | 5,975 | 927,858 |
Sailpoint Technologies Holdings, Inc. (Software) | (a) | 49,699 | 2,645,975 |
Shift4 Payments, Inc. Class A (IT Svs.) | (a) | 6,371 | 480,373 |
SS&C Technologies Holdings, Inc. (Software) | 48,329 | 3,515,935 | |
Trade Desk, Inc. / The Class A (Software) | (a) | 2,040 | 1,634,040 |
Tyler Technologies, Inc. (Software) | (a) | 3,945 | 1,722,071 |
WEX, Inc. (IT Svs.) | (a) | 6,006 | 1,222,401 |
WNS Holdings Ltd. – ADR (IT Svs.) | (a) | 33,136 | 2,387,449 |
Yext, Inc. (Software) | (a) | 62,977 | 989,999 |
61,029,428 |
Common Stocks (Continued) | Shares | Value | |
Materials–3.5% | |||
Sealed Air Corp. (Containers & Packaging) | 27,339 | $ 1,251,853 | |
Sensient Technologies Corp. (Chemicals) | 39,720 | 2,930,144 | |
Valvoline, Inc. (Chemicals) | 99,033 | 2,291,624 | |
6,473,621 | |||
Real Estate–2.6% | |||
Easterly Government Properties, Inc. (Equity REIT) | 51,080 | 1,156,962 | |
FirstService Corp. (Real Estate Mgmt. & Development) | 8,939 | 1,222,497 | |
Redfin Corp. (Real Estate Mgmt. & Development) | (a) | 35,498 | 2,436,228 |
4,815,687 | |||
Total Common Stocks (Cost $106,865,874) | $183,310,879 |
Rights –0.0% | Quantity | Value | |
Health Care–0.0% | |||
Bristol-Myers Squibb Co. (Pharmaceuticals) | (a) | 60,718 | $ 41,901 |
Total Rights (Cost $208,546) | $ 41,901 |
Money Market Funds–0.5% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.097% | (d) | 834,919 | $ 835,086 |
Total Money Market Funds (Cost $835,086) | $ 835,086 | ||
Total Investments – 101.0% (Cost $107,909,506) | (e) | $184,187,866 | |
Liabilities in Excess of Other Assets – (1.0)% | (1,736,493) | ||
Net Assets – 100.0% | $182,451,373 |
Percentages are stated as a percent of net assets. |
Abbreviations: | ||
ADR: | American Depositary Receipts | |
PIPE: | Private Investment in Public Equity |
Footnotes: | ||
(a) | Non-income producing security. | |
(b) | Represents a security deemed to be restricted. At December 31, 2020, the value of restricted securities in the Portfolio totaled $8,427,350, or 4.6% of the Portfolio’s net assets. | |
(c) | Security traded on a foreign exchange has been valued at an estimate of fair value that is different than the local market close price. These fair value estimates are determined by an independent fair valuation service that has been approved by the Board. These securities represent $332,346 or 0.2% of the Portfolio’s net assets. Other Portfolio securities are not subjected to fair value procedures because they are traded on domestic or foreign exchanges that have close times that are consistent with the U.S. market close, normally 4:00 pm Eastern Time. | |
(d) | Rate represents the seven-day yield at December 31, 2020. | |
(e) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 8 of the Notes to Financial Statements. |
Ohio National Fund, Inc. | ON Janus Henderson Enterprise Portfolio (Unaudited) |
Average Annual returns | |
One year | 19.15% |
Five years | 15.25% |
Ten years | 12.68% |
Ohio National Fund, Inc. | ON Janus Henderson Enterprise Portfolio (Unaudited) (Continued) |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2020. |
Portfolio Composition as of December 31, 2020 (1) | |
% of Net Assets | |
Common Stocks (4) | 100.6 |
Money Market Funds Less Net Liabilities | (0.6) |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2020 (1) (2) (3) | ||
% of Net Assets | ||
1. | Microchip Technology, Inc. | 3.1 |
2. | Nice Ltd. – ADR | 2.7 |
3. | SS&C Technologies Holdings, Inc. | 2.6 |
4. | Aon PLC Class A | 2.5 |
5. | KLA-Tencor Corp. | 2.4 |
6. | TE Connectivity Ltd. | 2.4 |
7. | Sensata Technologies Holding PLC | 2.4 |
8. | LPL Financial Holdings, Inc. | 2.3 |
9. | Broadridge Financial Solutions, Inc. | 2.3 |
10. | WEX, Inc. | 2.2 |
(1) | Composition of Portfolio subject to change. | |
(2) | Short-term investments have been excluded from the list of Top 10 Portfolio Holdings. | |
(3) | Top 10 Portfolio Holdings is presented at an individual security level. Total investment exposure by issuer may be higher. | |
(4) | Sectors (Common Stocks): |
% of Net Assets | |
Information Technology | 40.1 |
Industrials | 18.2 |
Health Care | 17.6 |
Financials | 11.5 |
Consumer Discretionary | 7.4 |
Real Estate | 2.7 |
Materials | 1.3 |
Utilities | 1.3 |
Communication Services | 0.5 |
100.6 |
Ohio National Fund, Inc. | ON Janus Henderson Enterprise Portfolio |
Schedule of Investments | December 31, 2020 |
Common Stocks–100.6% | Shares | Value | |
Communication Services–0.5% | |||
Liberty Media Corp. - Liberty Formula One Class C (Entertainment) | (a) | 12,799 | $ 545,237 |
Consumer Discretionary–7.4% | |||
Airbnb, Inc. Class A (Hotels, Restaurants & Leisure) | (a) | 870 | 127,716 |
Aramark (Hotels, Restaurants & Leisure) | 24,309 | 935,410 | |
Burlington Stores, Inc. (Specialty Retail) | (a) | 2,847 | 744,633 |
CarMax, Inc. (Specialty Retail) | (a) | 15,738 | 1,486,611 |
DoorDash, Inc. Class A (Internet & Direct Marketing Retail) | (a) | 715 | 102,066 |
frontdoor, Inc. (Diversified Consumer Svs.) | (a) | 12,213 | 613,215 |
Gildan Activewear, Inc. (Textiles, Apparel & Luxury Goods) | 43,396 | 1,215,522 | |
Terminix Global Holdings, Inc. (Diversified Consumer Svs.) | (a) | 23,729 | 1,210,416 |
Visteon Corp. (Auto Components) | (a) | 6,490 | 814,625 |
Wayfair, Inc. Class A (Internet & Direct Marketing Retail) | (a) | 3,871 | 874,111 |
8,124,325 | |||
Financials–11.5% | |||
Aon PLC Class A (Insurance) | 12,769 | 2,697,707 | |
CBOE Global Markets, Inc. (Capital Markets) | 7,213 | 671,675 | |
Charles Schwab Corp. / The (Capital Markets) | 17,214 | 913,030 | |
Intact Financial Corp. (Insurance) | 16,115 | 1,908,125 | |
LPL Financial Holdings, Inc. (Capital Markets) | 24,740 | 2,578,403 | |
MSCI, Inc. (Capital Markets) | 1,657 | 739,900 | |
SVB Financial Group (Banks) | (a) | 2,863 | 1,110,357 |
W.R. Berkley Corp. (Insurance) | 25,528 | 1,695,570 | |
Willis Towers Watson PLC (Insurance) | 1,137 | 239,543 | |
12,554,310 | |||
Health Care–17.6% | |||
Abcam PLC – ADR (Biotechnology) | (a) | 13,895 | 299,437 |
Ascendis Pharma A/S – ADR (Biotechnology) | (a) | 2,707 | 451,473 |
BioMarin Pharmaceutical, Inc. (Biotechnology) | (a) | 8,388 | 735,544 |
Boston Scientific Corp. (Health Care Equip. & Supplies) | (a) | 51,112 | 1,837,476 |
Catalent, Inc. (Pharmaceuticals) | (a) | 22,005 | 2,290,060 |
Cooper Cos., Inc. / The (Health Care Equip. & Supplies) | 5,851 | 2,125,785 | |
DENTSPLY SIRONA, Inc. (Health Care Equip. & Supplies) | 17,636 | 923,421 | |
Elanco Animal Health, Inc. (Pharmaceuticals) | (a) | 28,740 | 881,456 |
ICU Medical, Inc. (Health Care Equip. & Supplies) | (a) | 5,092 | 1,092,183 |
Illumina, Inc. (Life Sciences Tools & Svs.) | (a) | 1,988 | 735,560 |
Neurocrine Biosciences, Inc. (Biotechnology) | (a) | 7,181 | 688,299 |
PerkinElmer, Inc. (Life Sciences Tools & Svs.) | 9,061 | 1,300,254 | |
PRA Health Sciences, Inc. (Life Sciences Tools & Svs.) | (a) | 8,883 | 1,114,284 |
Royalty Pharma PLC Class A (Pharmaceuticals) | 13,665 | 683,933 | |
Sarepta Therapeutics, Inc. (Biotechnology) | (a) | 3,940 | 671,731 |
Teleflex, Inc. (Health Care Equip. & Supplies) | 2,830 | 1,164,743 | |
Varian Medical Systems, Inc. (Health Care Equip. & Supplies) | (a) | 5,103 | 893,076 |
Waters Corp. (Life Sciences Tools & Svs.) | (a) | 5,166 | 1,278,172 |
19,166,887 | |||
Industrials–18.2% | |||
Cimpress PLC (Commercial Svs. & Supplies) | (a) | 11,239 | 986,110 |
CoStar Group, Inc. (Professional Svs.) | (a) | 1,211 | 1,119,303 |
Edenred (Commercial Svs. & Supplies) | (b) | 16,514 | 937,850 |
Ferguson PLC (Trading Companies & Distributors) | (b) | 8,691 | 1,055,960 |
IHS Markit Ltd. (Professional Svs.) | 7,898 | 709,477 | |
Ingersoll Rand, Inc. (Machinery) | (a) | 27,048 | 1,232,307 |
J.B. Hunt Transport Services, Inc. (Road & Rail) | 7,726 | 1,055,758 | |
L3Harris Technologies, Inc. (Aerospace & Defense) | 7,492 | 1,416,138 |
Common Stocks (Continued) | Shares | Value | |
Industrials (continued) | |||
Middleby Corp. / The (Machinery) | (a) | 5,066 | $ 653,109 |
Rexnord Corp. (Machinery) | 28,424 | 1,122,464 | |
Ritchie Bros Auctioneers, Inc. (Commercial Svs. & Supplies) | 31,551 | 2,194,372 | |
Ryanair Holdings PLC – ADR (Airlines) | (a) | 10,712 | 1,178,106 |
Sensata Technologies Holding PLC (Electrical Equip.) | (a) | 48,953 | 2,581,781 |
Teledyne Technologies, Inc. (Aerospace & Defense) | (a) | 3,870 | 1,516,962 |
Verisk Analytics, Inc. (Professional Svs.) | 5,120 | 1,062,861 | |
Westinghouse Air Brake Technologies Corp. (Machinery) | 13,843 | 1,013,308 | |
19,835,866 | |||
Information Technology–40.1% | |||
Amdocs Ltd. (IT Svs.) | 28,127 | 1,995,048 | |
Atlassian Corp. PLC Class A (Software) | (a) | 7,932 | 1,855,057 |
Bill.com Holdings, Inc. (Software) | (a) | 1,537 | 209,800 |
Broadridge Financial Solutions, Inc. (IT Svs.) | 16,228 | 2,486,129 | |
Ceridian HCM Holding, Inc. (Software) | (a) | 16,287 | 1,735,543 |
Constellation Software, Inc. (Software) | 1,703 | 2,211,425 | |
Dolby Laboratories, Inc. Class A (Electronic Equip., Instr. & Comp.) | 12,423 | 1,206,646 | |
Dynatrace, Inc. (Software) | (a) | 13,781 | 596,304 |
Euronet Worldwide, Inc. (IT Svs.) | (a) | 4,493 | 651,125 |
Fidelity National Information Services, Inc. (IT Svs.) | 12,415 | 1,756,226 | |
Flex Ltd. (Electronic Equip., Instr. & Comp.) | (a) | 82,338 | 1,480,437 |
Global Payments, Inc. (IT Svs.) | 9,945 | 2,142,352 | |
GoDaddy, Inc. Class A (IT Svs.) | (a) | 26,939 | 2,234,590 |
KLA-Tencor Corp. (Semiconductors & Equip.) | 10,345 | 2,678,424 | |
Lam Research Corp. (Semiconductors & Equip.) | 4,229 | 1,997,230 | |
Microchip Technology, Inc. (Semiconductors & Equip.) | 24,658 | 3,405,517 | |
National Instruments Corp. (Electronic Equip., Instr. & Comp.) | 36,301 | 1,595,066 | |
Nice Ltd. – ADR (Software) | (a) | 10,293 | 2,918,477 |
NXP Semiconductors N.V. (Semiconductors & Equip.) | 4,271 | 679,132 | |
ON Semiconductor Corp. (Semiconductors & Equip.) | (a) | 51,327 | 1,679,933 |
SS&C Technologies Holdings, Inc. (Software) | 38,933 | 2,832,376 | |
TE Connectivity Ltd. (Electronic Equip., Instr. & Comp.) | 21,631 | 2,618,865 | |
WEX, Inc. (IT Svs.) | (a) | 11,720 | 2,385,372 |
Xilinx, Inc. (Semiconductors & Equip.) | 3,101 | 439,629 | |
43,790,703 | |||
Materials–1.3% | |||
Sealed Air Corp. (Containers & Packaging) | 31,259 | 1,431,350 | |
Real Estate–2.7% | |||
Crown Castle International Corp. (Equity REIT) | 5,038 | 801,999 | |
Lamar Advertising Co. Class A (Equity REIT) | 26,313 | 2,189,768 | |
2,991,767 | |||
Utilities–1.3% | |||
Alliant Energy Corp. (Electric Utilities) | 26,560 | 1,368,637 | |
Total Common Stocks (Cost $79,581,959) | $109,809,082 |
Money Market Funds–0.5% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.097% | (c) | 599,650 | $ 599,770 |
Total Money Market Funds (Cost $599,770) | $ 599,770 | ||
Total Investments – 101.1% (Cost $80,181,729) | (d) | $110,408,852 | |
Liabilities in Excess of Other Assets – (1.1)% | (1,215,754) | ||
Net Assets – 100.0% | $109,193,098 |
Ohio National Fund, Inc. | ON Janus Henderson Enterprise Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Percentages are stated as a percent of net assets. |
Abbreviations: | ||
ADR: | American Depositary Receipts |
Footnotes: | ||
(a) | Non-income producing security. | |
(b) | Security traded on a foreign exchange has been valued at an estimate of fair value that is different than the local market close price. These fair value estimates are determined by an independent fair valuation service that has been approved by the Board. These securities represent $1,993,810 or 1.8% of the Portfolio’s net assets. | |
(c) | Rate represents the seven-day yield at December 31, 2020. | |
(d) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 8 of the Notes to Financial Statements. |
Ohio National Fund, Inc. | ON S&P 500® Index Portfolio (Unaudited) |
Average Annual returns | |
One year | 17.99% |
Five years | 14.76% |
Ten years | 13.40% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2020. |
Ohio National Fund, Inc. | ON S&P 500® Index Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2020 (1) | |
% of Net Assets | |
Common Stocks (4) | 99.9 |
Money Market Funds Less Net Liabilities | 0.1 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2020 (1) (2) (3) | ||
% of Net Assets | ||
1. | Apple, Inc. | 6.7 |
2. | Microsoft Corp. | 5.3 |
3. | Amazon.com, Inc. | 4.4 |
4. | Facebook, Inc. Class A | 2.1 |
5. | Tesla, Inc. | 1.7 |
6. | Alphabet, Inc. Class A | 1.7 |
7. | Alphabet, Inc. Class C | 1.6 |
8. | Berkshire Hathaway, Inc. Class B | 1.4 |
9. | Johnson & Johnson | 1.3 |
10. | JPMorgan Chase & Co. | 1.2 |
(1) | Composition of Portfolio subject to change. | |
(2) | Short-term investments have been excluded from the list of Top 10 Portfolio Holdings. | |
(3) | Top 10 Portfolio Holdings is presented at an individual security level. Total investment exposure by issuer may be higher. | |
(4) | Sectors (Common Stocks): |
% of Net Assets | |
Information Technology | 27.6 |
Health Care | 13.4 |
Consumer Discretionary | 12.7 |
Communication Services | 10.8 |
Financials | 10.4 |
Industrials | 8.4 |
Consumer Staples | 6.5 |
Utilities | 2.8 |
Materials | 2.6 |
Real Estate | 2.4 |
Energy | 2.3 |
99.9 |
Ohio National Fund, Inc. | ON S&P 500® Index Portfolio |
Schedule of Investments | December 31, 2020 |
Common Stocks–99.9% | Shares | Value | |
Communication Services–10.8% | |||
Activision Blizzard, Inc. (Entertainment) | 30,012 | $ 2,786,614 | |
Alphabet, Inc. Class A (Interactive Media & Svs.) | (a) | 11,656 | 20,428,772 |
Alphabet, Inc. Class C (Interactive Media & Svs.) | (a) | 11,267 | 19,738,432 |
AT&T, Inc. (Diversified Telecom. Svs.) | 276,436 | 7,950,299 | |
CenturyLink, Inc. (Diversified Telecom. Svs.) | 38,079 | 371,270 | |
Charter Communications, Inc. Class A (Media) | (a) | 5,664 | 3,747,019 |
Comcast Corp. Class A (Media) | 177,153 | 9,282,817 | |
Discovery, Inc. Class A (Media) | (a) | 4,818 | 144,974 |
Discovery, Inc. Class C (Media) | (a) | 13,038 | 341,465 |
DISH Network Corp. Class A (Media) | (a) | 9,533 | 308,297 |
Electronic Arts, Inc. (Entertainment) | 11,264 | 1,617,510 | |
Facebook, Inc. Class A (Interactive Media & Svs.) | (a) | 93,256 | 25,473,809 |
Fox Corp. Class A (Media) | 14,375 | 418,600 | |
Fox Corp. Class B (Media) | 4,539 | 131,086 | |
Interpublic Group of Cos., Inc. / The (Media) | 14,983 | 352,400 | |
Live Nation Entertainment, Inc. (Entertainment) | (a) | 5,481 | 402,744 |
Netflix, Inc. (Entertainment) | (a) | 17,140 | 9,268,112 |
News Corp. Class A (Media) | 17,551 | 315,392 | |
News Corp. Class B (Media) | 2,267 | 40,285 | |
Omnicom Group, Inc. (Media) | 8,360 | 521,413 | |
Take-Two Interactive Software, Inc. (Entertainment) | (a) | 4,459 | 926,536 |
T-Mobile U.S., Inc. (Wireless Telecom. Svs.) | (a) | 22,626 | 3,051,116 |
Twitter, Inc. (Interactive Media & Svs.) | (a) | 30,872 | 1,671,719 |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 160,490 | 9,428,788 | |
ViacomCBS, Inc. Class B (Media) | 21,936 | 817,335 | |
Walt Disney Co. / The (Entertainment) | (a) | 70,242 | 12,726,446 |
132,263,250 | |||
Consumer Discretionary–12.7% | |||
Advance Auto Parts, Inc. (Specialty Retail) | 2,638 | 415,511 | |
Amazon.com, Inc. (Internet & Direct Marketing Retail) | (a) | 16,544 | 53,882,650 |
Aptiv PLC (Auto Components) | 10,492 | 1,367,003 | |
AutoZone, Inc. (Specialty Retail) | (a) | 903 | 1,070,452 |
Best Buy Co., Inc. (Specialty Retail) | 8,975 | 895,615 | |
Booking Holdings, Inc. (Internet & Direct Marketing Retail) | (a) | 1,588 | 3,536,905 |
BorgWarner, Inc. (Auto Components) | 9,390 | 362,830 | |
CarMax, Inc. (Specialty Retail) | (a) | 6,419 | 606,339 |
Carnival Corp. (Hotels, Restaurants & Leisure) | 28,912 | 626,234 | |
Chipotle Mexican Grill, Inc. (Hotels, Restaurants & Leisure) | (a) | 1,086 | 1,505,967 |
D.R. Horton, Inc. (Household Durables) | 12,890 | 888,379 | |
Darden Restaurants, Inc. (Hotels, Restaurants & Leisure) | 5,061 | 602,866 | |
Dollar General Corp. (Multiline Retail) | 9,511 | 2,000,163 | |
Dollar Tree, Inc. (Multiline Retail) | (a) | 9,159 | 989,538 |
Domino's Pizza, Inc. (Hotels, Restaurants & Leisure) | 1,535 | 588,611 | |
eBay, Inc. (Internet & Direct Marketing Retail) | 25,391 | 1,275,898 | |
Etsy, Inc. (Internet & Direct Marketing Retail) | (a) | 4,914 | 874,250 |
Expedia Group, Inc. (Internet & Direct Marketing Retail) | 5,267 | 697,351 | |
Ford Motor Co. (Automobiles) | 151,758 | 1,333,953 | |
Gap, Inc. / The (Specialty Retail) | (a) | 7,927 | 160,046 |
Garmin Ltd. (Household Durables) | 5,753 | 688,404 | |
General Motors Co. (Automobiles) | 48,829 | 2,033,240 | |
Genuine Parts Co. (Distributors) | 5,609 | 563,312 | |
Hanesbrands, Inc. (Textiles, Apparel & Luxury Goods) | 13,520 | 197,122 | |
Hasbro, Inc. (Leisure Products) | 4,940 | 462,088 | |
Hilton Worldwide Holdings, Inc. (Hotels, Restaurants & Leisure) | 10,802 | 1,201,831 | |
Home Depot, Inc. / The (Specialty Retail) | 41,761 | 11,092,557 | |
L Brands, Inc. (Specialty Retail) | 8,951 | 332,888 |
Common Stocks (Continued) | Shares | Value | |
Consumer Discretionary (continued) | |||
Las Vegas Sands Corp. (Hotels, Restaurants & Leisure) | 12,698 | $ 756,801 | |
Leggett & Platt, Inc. (Household Durables) | 5,297 | 234,657 | |
Lennar Corp. Class A (Household Durables) | 10,704 | 815,966 | |
LKQ Corp. (Distributors) | (a) | 10,797 | 380,486 |
Lowe's Cos., Inc. (Specialty Retail) | 28,432 | 4,563,620 | |
Marriott International, Inc. Class A (Hotels, Restaurants & Leisure) | 10,307 | 1,359,699 | |
McDonald's Corp. (Hotels, Restaurants & Leisure) | 28,898 | 6,200,933 | |
MGM Resorts International (Hotels, Restaurants & Leisure) | 15,896 | 500,883 | |
Mohawk Industries, Inc. (Household Durables) | (a) | 2,319 | 326,863 |
Newell Brands, Inc. (Household Durables) | 14,362 | 304,905 | |
NIKE, Inc. Class B (Textiles, Apparel & Luxury Goods) | 48,690 | 6,888,174 | |
Norwegian Cruise Line Holdings Ltd. (Hotels, Restaurants & Leisure) | (a) | 12,279 | 312,255 |
NVR, Inc. (Household Durables) | (a) | 135 | 550,781 |
O'Reilly Automotive, Inc. (Specialty Retail) | (a) | 2,810 | 1,271,722 |
Pool Corp. (Distributors) | 1,557 | 579,982 | |
PulteGroup, Inc. (Household Durables) | 10,381 | 447,629 | |
PVH Corp. (Textiles, Apparel & Luxury Goods) | 2,732 | 256,507 | |
Ralph Lauren Corp. (Textiles, Apparel & Luxury Goods) | 1,869 | 193,890 | |
Ross Stores, Inc. (Specialty Retail) | 13,813 | 1,696,375 | |
Royal Caribbean Cruises Ltd. (Hotels, Restaurants & Leisure) | 7,239 | 540,681 | |
Starbucks Corp. (Hotels, Restaurants & Leisure) | 45,528 | 4,870,585 | |
Tapestry, Inc. (Textiles, Apparel & Luxury Goods) | 10,713 | 332,960 | |
Target Corp. (Multiline Retail) | 19,424 | 3,428,919 | |
Tesla, Inc. (Automobiles) | (a) | 29,418 | 20,759,400 |
Tiffany & Co. (Specialty Retail) | 4,169 | 548,015 | |
TJX Cos., Inc. / The (Specialty Retail) | 46,597 | 3,182,109 | |
Tractor Supply Co. (Specialty Retail) | 4,505 | 633,313 | |
Ulta Beauty, Inc. (Specialty Retail) | (a) | 2,178 | 625,434 |
Under Armour, Inc. Class A (Textiles, Apparel & Luxury Goods) | (a) | 7,031 | 120,722 |
Under Armour, Inc. Class C (Textiles, Apparel & Luxury Goods) | (a) | 7,698 | 114,546 |
V.F. Corp. (Textiles, Apparel & Luxury Goods) | 12,405 | 1,059,511 | |
Whirlpool Corp. (Household Durables) | 2,441 | 440,576 | |
Wynn Resorts Ltd. (Hotels, Restaurants & Leisure) | 3,754 | 423,564 | |
Yum! Brands, Inc. (Hotels, Restaurants & Leisure) | 11,707 | 1,270,912 | |
156,245,378 | |||
Consumer Staples–6.5% | |||
Altria Group, Inc. (Tobacco) | 72,146 | 2,957,986 | |
Archer-Daniels-Midland Co. (Food Products) | 21,603 | 1,089,007 | |
Brown-Forman Corp. Class B (Beverages) | 7,048 | 559,823 | |
Campbell Soup Co. (Food Products) | 7,781 | 376,211 | |
Church & Dwight Co., Inc. (Household Products) | 9,603 | 837,670 | |
Clorox Co. / The (Household Products) | 4,893 | 987,995 | |
Coca-Cola Co. / The (Beverages) | 150,028 | 8,227,535 | |
Colgate-Palmolive Co. (Household Products) | 33,274 | 2,845,260 | |
Conagra Brands, Inc. (Food Products) | 18,841 | 683,175 | |
Constellation Brands, Inc. Class A (Beverages) | 6,574 | 1,440,035 | |
Costco Wholesale Corp. (Food & Staples Retailing) | 17,113 | 6,447,836 | |
Estee Lauder Cos., Inc. / The Class A (Personal Products) | 8,788 | 2,339,278 | |
General Mills, Inc. (Food Products) | 23,743 | 1,396,088 | |
Hershey Co. / The (Food Products) | 5,731 | 873,003 | |
Hormel Foods Corp. (Food Products) | 10,899 | 508,002 | |
J.M. Smucker Co. / The (Food Products) | 4,479 | 517,772 |
Ohio National Fund, Inc. | ON S&P 500® Index Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Consumer Staples (continued) | |||
Kellogg Co. (Food Products) | 9,896 | $ 615,828 | |
Kimberly-Clark Corp. (Household Products) | 13,217 | 1,782,048 | |
Kraft Heinz Co. / The (Food Products) | 25,156 | 871,907 | |
Kroger Co. / The (Food & Staples Retailing) | 30,192 | 958,898 | |
Lamb Weston Holdings, Inc. (Food Products) | 5,617 | 442,283 | |
McCormick & Co., Inc. (Food Products) | 9,644 | 921,966 | |
Molson Coors Beverage Co. Class B (Beverages) | 7,201 | 325,413 | |
Mondelez International, Inc. Class A (Food Products) | 55,480 | 3,243,916 | |
Monster Beverage Corp. (Beverages) | (a) | 14,354 | 1,327,458 |
PepsiCo, Inc. (Beverages) | 53,598 | 7,948,583 | |
Philip Morris International, Inc. (Tobacco) | 60,423 | 5,002,420 | |
Procter & Gamble Co. / The (Household Products) | 96,150 | 13,378,311 | |
Sysco Corp. (Food & Staples Retailing) | 19,760 | 1,467,378 | |
Tyson Foods, Inc. Class A (Food Products) | 11,375 | 733,005 | |
Walgreens Boots Alliance, Inc. (Food & Staples Retailing) | 27,976 | 1,115,683 | |
Walmart, Inc. (Food & Staples Retailing) | 53,757 | 7,749,072 | |
79,970,845 | |||
Energy–2.3% | |||
Apache Corp. (Oil, Gas & Consumable Fuels) | 14,684 | 208,366 | |
Baker Hughes Co. (Energy Equip. & Svs.) | 26,611 | 554,839 | |
Cabot Oil & Gas Corp. (Oil, Gas & Consumable Fuels) | 15,352 | 249,931 | |
Chevron Corp. (Oil, Gas & Consumable Fuels) | 74,684 | 6,307,064 | |
Concho Resources, Inc. (Oil, Gas & Consumable Fuels) | 7,582 | 442,410 | |
ConocoPhillips (Oil, Gas & Consumable Fuels) | 41,510 | 1,659,985 | |
Devon Energy Corp. (Oil, Gas & Consumable Fuels) | 14,927 | 235,996 | |
Diamondback Energy, Inc. (Oil, Gas & Consumable Fuels) | 6,000 | 290,400 | |
EOG Resources, Inc. (Oil, Gas & Consumable Fuels) | 22,668 | 1,130,453 | |
Exxon Mobil Corp. (Oil, Gas & Consumable Fuels) | 164,041 | 6,761,770 | |
Halliburton Co. (Energy Equip. & Svs.) | 34,195 | 646,285 | |
Hess Corp. (Oil, Gas & Consumable Fuels) | 10,607 | 559,944 | |
HollyFrontier Corp. (Oil, Gas & Consumable Fuels) | 5,727 | 148,043 | |
Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels) | 75,657 | 1,034,231 | |
Marathon Oil Corp. (Oil, Gas & Consumable Fuels) | 30,552 | 203,782 | |
Marathon Petroleum Corp. (Oil, Gas & Consumable Fuels) | 25,301 | 1,046,449 | |
NOV, Inc. (Energy Equip. & Svs.) | 15,087 | 207,144 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 32,535 | 563,181 | |
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 17,215 | 660,712 | |
Phillips 66 (Oil, Gas & Consumable Fuels) | 16,966 | 1,186,602 | |
Pioneer Natural Resources Co. (Oil, Gas & Consumable Fuels) | 6,377 | 726,277 | |
Schlumberger N.V. (Energy Equip. & Svs.) | 53,951 | 1,177,750 | |
TechnipFMC PLC (Energy Equip. & Svs.) | 16,254 | 152,788 | |
Valero Energy Corp. (Oil, Gas & Consumable Fuels) | 15,848 | 896,521 | |
Williams Cos., Inc. / The (Oil, Gas & Consumable Fuels) | 47,219 | 946,741 | |
27,997,664 | |||
Financials–10.4% | |||
Aflac, Inc. (Insurance) | 25,341 | 1,126,914 | |
Allstate Corp. / The (Insurance) | 11,805 | 1,297,724 | |
American Express Co. (Consumer Finance) | 25,325 | 3,062,046 | |
American International Group, Inc. (Insurance) | 33,364 | 1,263,161 | |
Ameriprise Financial, Inc. (Capital Markets) | 4,597 | 893,335 |
Common Stocks (Continued) | Shares | Value | |
Financials (continued) | |||
Aon PLC Class A (Insurance) | 8,871 | $ 1,874,176 | |
Arthur J. Gallagher & Co. (Insurance) | 7,454 | 922,134 | |
Assurant, Inc. (Insurance) | 2,274 | 309,764 | |
Bank of America Corp. (Banks) | 295,331 | 8,951,483 | |
Bank of New York Mellon Corp. / The (Capital Markets) | 31,595 | 1,340,892 | |
Berkshire Hathaway, Inc. Class B (Diversified Financial Svs.) | (a) | 75,472 | 17,499,693 |
BlackRock, Inc. (Capital Markets) | 5,500 | 3,968,470 | |
Capital One Financial Corp. (Consumer Finance) | 17,732 | 1,752,808 | |
CBOE Global Markets, Inc. (Capital Markets) | 4,185 | 389,707 | |
Charles Schwab Corp. / The (Capital Markets) | 57,867 | 3,069,266 | |
Chubb Ltd. (Insurance) | 17,527 | 2,697,756 | |
Cincinnati Financial Corp. (Insurance) | 5,855 | 511,551 | |
Citigroup, Inc. (Banks) | 80,781 | 4,980,956 | |
Citizens Financial Group, Inc. (Banks) | 16,596 | 593,473 | |
CME Group, Inc. (Capital Markets) | 13,939 | 2,537,595 | |
Comerica, Inc. (Banks) | 5,280 | 294,941 | |
Discover Financial Services (Consumer Finance) | 11,932 | 1,080,204 | |
Everest Re Group Ltd. (Insurance) | 1,535 | 359,328 | |
Fifth Third Bancorp (Banks) | 27,545 | 759,416 | |
First Republic Bank (Banks) | 6,736 | 989,720 | |
Franklin Resources, Inc. (Capital Markets) | 10,701 | 267,418 | |
Globe Life, Inc. (Insurance) | 3,760 | 357,050 | |
Goldman Sachs Group, Inc. / The (Capital Markets) | 13,340 | 3,517,891 | |
Hartford Financial Services Group, Inc. / The (Insurance) | 13,899 | 680,773 | |
Huntington Bancshares, Inc. (Banks) | 39,489 | 498,746 | |
Intercontinental Exchange, Inc. (Capital Markets) | 21,801 | 2,513,437 | |
Invesco Ltd. (Capital Markets) | 14,492 | 252,596 | |
JPMorgan Chase & Co. (Banks) | 118,238 | 15,024,503 | |
KeyCorp (Banks) | 38,037 | 624,187 | |
Lincoln National Corp. (Insurance) | 6,971 | 350,711 | |
Loews Corp. (Insurance) | 9,095 | 409,457 | |
M&T Bank Corp. (Banks) | 4,970 | 632,681 | |
MarketAxess Holdings, Inc. (Capital Markets) | 1,473 | 840,435 | |
Marsh & McLennan Cos., Inc. (Insurance) | 19,654 | 2,299,518 | |
MetLife, Inc. (Insurance) | 29,657 | 1,392,396 | |
Moody's Corp. (Capital Markets) | 6,265 | 1,818,354 | |
Morgan Stanley (Capital Markets) | 55,441 | 3,799,372 | |
MSCI, Inc. (Capital Markets) | 3,216 | 1,436,040 | |
Nasdaq, Inc. (Capital Markets) | 4,443 | 589,764 | |
Northern Trust Corp. (Capital Markets) | 8,049 | 749,684 | |
People's United Financial, Inc. (Banks) | 16,999 | 219,797 | |
PNC Financial Services Group, Inc. / The (Banks) | 16,449 | 2,450,901 | |
Principal Financial Group, Inc. (Insurance) | 10,011 | 496,646 | |
Progressive Corp. / The (Insurance) | 22,743 | 2,248,828 | |
Prudential Financial, Inc. (Insurance) | 15,401 | 1,202,356 | |
Raymond James Financial, Inc. (Capital Markets) | 4,722 | 451,754 | |
Regions Financial Corp. (Banks) | 37,751 | 608,546 | |
S&P Global, Inc. (Capital Markets) | 9,331 | 3,067,380 | |
State Street Corp. (Capital Markets) | 13,737 | 999,779 | |
SVB Financial Group (Banks) | (a) | 1,999 | 775,272 |
Synchrony Financial (Consumer Finance) | 21,081 | 731,721 | |
T. Rowe Price Group, Inc. (Capital Markets) | 8,785 | 1,329,961 | |
Travelers Cos., Inc. / The (Insurance) | 9,833 | 1,380,258 | |
Truist Financial Corp. (Banks) | 52,339 | 2,508,608 | |
U.S. Bancorp (Banks) | 53,224 | 2,479,706 | |
Unum Group (Insurance) | 7,876 | 180,675 | |
W.R. Berkley Corp. (Insurance) | 5,398 | 358,535 | |
Wells Fargo & Co. (Banks) | 160,414 | 4,841,295 | |
Willis Towers Watson PLC (Insurance) | 5,000 | 1,053,400 | |
Zions Bancorp N.A. (Banks) | 6,326 | 274,801 | |
128,241,745 |
Ohio National Fund, Inc. | ON S&P 500® Index Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Health Care–13.4% | |||
Abbott Laboratories (Health Care Equip. & Supplies) | 68,748 | $ 7,527,219 | |
AbbVie, Inc. (Biotechnology) | 68,480 | 7,337,632 | |
ABIOMED, Inc. (Health Care Equip. & Supplies) | (a) | 1,747 | 566,377 |
Agilent Technologies, Inc. (Life Sciences Tools & Svs.) | 11,881 | 1,407,780 | |
Alexion Pharmaceuticals, Inc. (Biotechnology) | (a) | 8,488 | 1,326,165 |
Align Technology, Inc. (Health Care Equip. & Supplies) | (a) | 2,785 | 1,488,248 |
AmerisourceBergen Corp. (Health Care Providers & Svs.) | 5,716 | 558,796 | |
Amgen, Inc. (Biotechnology) | 22,583 | 5,192,283 | |
Anthem, Inc. (Health Care Providers & Svs.) | 9,660 | 3,101,729 | |
Baxter International, Inc. (Health Care Equip. & Supplies) | 19,870 | 1,594,369 | |
Becton Dickinson and Co. (Health Care Equip. & Supplies) | 11,266 | 2,818,979 | |
Biogen, Inc. (Biotechnology) | (a) | 5,970 | 1,461,814 |
Bio-Rad Laboratories, Inc. Class A (Life Sciences Tools & Svs.) | (a) | 838 | 488,504 |
Boston Scientific Corp. (Health Care Equip. & Supplies) | (a) | 55,603 | 1,998,928 |
Bristol-Myers Squibb Co. (Pharmaceuticals) | 87,684 | 5,439,039 | |
Cardinal Health, Inc. (Health Care Providers & Svs.) | 11,394 | 610,263 | |
Catalent, Inc. (Pharmaceuticals) | (a) | 6,370 | 662,926 |
Centene Corp. (Health Care Providers & Svs.) | (a) | 22,493 | 1,350,255 |
Cerner Corp. (Health Care Technology) | 11,886 | 932,813 | |
Cigna Corp. (Health Care Providers & Svs.) | 14,028 | 2,920,349 | |
Cooper Cos., Inc. / The (Health Care Equip. & Supplies) | 1,891 | 687,038 | |
CVS Health Corp. (Health Care Providers & Svs.) | 50,777 | 3,468,069 | |
Danaher Corp. (Health Care Equip. & Supplies) | 24,522 | 5,447,317 | |
DaVita, Inc. (Health Care Providers & Svs.) | (a) | 2,878 | 337,877 |
DENTSPLY SIRONA, Inc. (Health Care Equip. & Supplies) | 8,459 | 442,913 | |
DexCom, Inc. (Health Care Equip. & Supplies) | (a) | 3,725 | 1,377,207 |
Edwards Lifesciences Corp. (Health Care Equip. & Supplies) | (a) | 24,189 | 2,206,762 |
Eli Lilly & Co. (Pharmaceuticals) | 30,804 | 5,200,947 | |
Gilead Sciences, Inc. (Biotechnology) | 48,676 | 2,835,864 | |
HCA Healthcare, Inc. (Health Care Providers & Svs.) | 10,235 | 1,683,248 | |
Henry Schein, Inc. (Health Care Providers & Svs.) | (a) | 5,494 | 367,329 |
Hologic, Inc. (Health Care Equip. & Supplies) | (a) | 10,006 | 728,737 |
Humana, Inc. (Health Care Providers & Svs.) | 5,136 | 2,107,147 | |
IDEXX Laboratories, Inc. (Health Care Equip. & Supplies) | (a) | 3,309 | 1,654,070 |
Illumina, Inc. (Life Sciences Tools & Svs.) | (a) | 5,666 | 2,096,420 |
Incyte Corp. (Biotechnology) | (a) | 7,198 | 626,082 |
Intuitive Surgical, Inc. (Health Care Equip. & Supplies) | (a) | 4,561 | 3,731,354 |
IQVIA Holdings, Inc. (Life Sciences Tools & Svs.) | (a) | 7,436 | 1,332,308 |
Johnson & Johnson (Pharmaceuticals) | 102,114 | 16,070,701 | |
Laboratory Corp. of America Holdings (Health Care Providers & Svs.) | (a) | 3,774 | 768,198 |
McKesson Corp. (Health Care Providers & Svs.) | 6,231 | 1,083,696 | |
Medtronic PLC (Health Care Equip. & Supplies) | 52,214 | 6,116,348 | |
Merck & Co., Inc. (Pharmaceuticals) | 98,144 | 8,028,179 | |
Mettler-Toledo International, Inc. (Life Sciences Tools & Svs.) | (a) | 923 | 1,051,925 |
PerkinElmer, Inc. (Life Sciences Tools & Svs.) | 4,354 | 624,799 | |
Perrigo Co. PLC (Pharmaceuticals) | 5,238 | 234,243 | |
Pfizer, Inc. (Pharmaceuticals) | 215,636 | 7,937,561 | |
Quest Diagnostics, Inc. (Health Care Providers & Svs.) | 5,210 | 620,876 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
Regeneron Pharmaceuticals, Inc. (Biotechnology) | (a) | 4,070 | $ 1,966,258 |
ResMed, Inc. (Health Care Equip. & Supplies) | 5,625 | 1,195,650 | |
STERIS PLC (Health Care Equip. & Supplies) | 3,319 | 629,083 | |
Stryker Corp. (Health Care Equip. & Supplies) | 12,676 | 3,106,127 | |
Teleflex, Inc. (Health Care Equip. & Supplies) | 1,796 | 739,180 | |
Thermo Fisher Scientific, Inc. (Life Sciences Tools & Svs.) | 15,374 | 7,160,902 | |
UnitedHealth Group, Inc. (Health Care Providers & Svs.) | 36,803 | 12,906,076 | |
Universal Health Services, Inc. Class B (Health Care Providers & Svs.) | 2,999 | 412,362 | |
Varian Medical Systems, Inc. (Health Care Equip. & Supplies) | (a) | 3,531 | 617,960 |
Vertex Pharmaceuticals, Inc. (Biotechnology) | (a) | 10,095 | 2,385,852 |
Viatris, Inc. (Pharmaceuticals) | (a) | 46,665 | 874,502 |
Waters Corp. (Life Sciences Tools & Svs.) | (a) | 2,409 | 596,035 |
West Pharmaceutical Services, Inc. (Health Care Equip. & Supplies) | 2,863 | 811,117 | |
Zimmer Biomet Holdings, Inc. (Health Care Equip. & Supplies) | 8,039 | 1,238,730 | |
Zoetis, Inc. (Pharmaceuticals) | 18,429 | 3,049,999 | |
165,341,516 | |||
Industrials–8.4% | |||
3M Co. (Industrial Conglomerates) | 22,385 | 3,912,674 | |
A.O. Smith Corp. (Building Products) | 5,145 | 282,049 | |
Alaska Air Group, Inc. (Airlines) | 4,747 | 246,844 | |
Allegion PLC (Building Products) | 3,556 | 413,847 | |
American Airlines Group, Inc. (Airlines) | 23,725 | 374,143 | |
AMETEK, Inc. (Electrical Equip.) | 8,923 | 1,079,148 | |
Boeing Co. / The (Aerospace & Defense) | 20,588 | 4,407,067 | |
C.H. Robinson Worldwide, Inc. (Air Freight & Logistics) | 5,229 | 490,846 | |
Carrier Global Corp. (Building Products) | 31,644 | 1,193,612 | |
Caterpillar, Inc. (Machinery) | 21,076 | 3,836,254 | |
Cintas Corp. (Commercial Svs. & Supplies) | 3,408 | 1,204,592 | |
Copart, Inc. (Commercial Svs. & Supplies) | (a) | 8,056 | 1,025,126 |
CSX Corp. (Road & Rail) | 29,686 | 2,694,004 | |
Cummins, Inc. (Machinery) | 5,748 | 1,305,371 | |
Deere & Co. (Machinery) | 12,157 | 3,270,841 | |
Delta Air Lines, Inc. (Airlines) | 24,781 | 996,444 | |
Dover Corp. (Machinery) | 5,555 | 701,319 | |
Eaton Corp. PLC (Electrical Equip.) | 15,460 | 1,857,364 | |
Emerson Electric Co. (Electrical Equip.) | 23,215 | 1,865,790 | |
Equifax, Inc. (Professional Svs.) | 4,723 | 910,783 | |
Expeditors International of Washington, Inc. (Air Freight & Logistics) | 6,542 | 622,210 | |
Fastenal Co. (Trading Companies & Distributors) | 22,325 | 1,090,130 | |
FedEx Corp. (Air Freight & Logistics) | 9,368 | 2,432,120 | |
Flowserve Corp. (Machinery) | 5,051 | 186,129 | |
Fortive Corp. (Machinery) | 13,123 | 929,371 | |
Fortune Brands Home & Security, Inc. (Building Products) | 5,356 | 459,116 | |
General Dynamics Corp. (Aerospace & Defense) | 9,013 | 1,341,315 | |
General Electric Co. (Industrial Conglomerates) | 339,840 | 3,670,272 | |
Honeywell International, Inc. (Industrial Conglomerates) | 27,234 | 5,792,672 | |
Howmet Aerospace, Inc. (Aerospace & Defense) | 15,144 | 432,210 | |
Huntington Ingalls Industries, Inc. (Aerospace & Defense) | 1,559 | 265,778 | |
IDEX Corp. (Machinery) | 2,939 | 585,449 | |
IHS Markit Ltd. (Professional Svs.) | 14,469 | 1,299,750 | |
Illinois Tool Works, Inc. (Machinery) | 11,158 | 2,274,893 | |
Ingersoll Rand, Inc. (Machinery) | (a) | 14,405 | 656,292 |
J.B. Hunt Transport Services, Inc. (Road & Rail) | 3,225 | 440,696 |
Ohio National Fund, Inc. | ON S&P 500® Index Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Industrials (continued) | |||
Jacobs Engineering Group, Inc. (Construction & Engineering) | 5,059 | $ 551,229 | |
Johnson Controls International PLC (Building Products) | 28,176 | 1,312,720 | |
Kansas City Southern (Road & Rail) | 3,644 | 743,850 | |
L3Harris Technologies, Inc. (Aerospace & Defense) | 8,157 | 1,541,836 | |
Lockheed Martin Corp. (Aerospace & Defense) | 9,550 | 3,390,059 | |
Masco Corp. (Building Products) | 10,283 | 564,845 | |
Nielsen Holdings PLC (Professional Svs.) | 13,769 | 287,359 | |
Norfolk Southern Corp. (Road & Rail) | 9,866 | 2,344,260 | |
Northrop Grumman Corp. (Aerospace & Defense) | 6,017 | 1,833,500 | |
Old Dominion Freight Line, Inc. (Road & Rail) | 3,723 | 726,655 | |
Otis Worldwide Corp. (Machinery) | 15,810 | 1,067,965 | |
PACCAR, Inc. (Machinery) | 13,459 | 1,161,243 | |
Parker-Hannifin Corp. (Machinery) | 5,001 | 1,362,322 | |
Pentair PLC (Machinery) | 6,350 | 337,122 | |
Quanta Services, Inc. (Construction & Engineering) | 5,308 | 382,282 | |
Raytheon Technologies Corp. (Aerospace & Defense) | 58,926 | 4,213,798 | |
Republic Services, Inc. (Commercial Svs. & Supplies) | 8,151 | 784,941 | |
Robert Half International, Inc. (Professional Svs.) | 4,347 | 271,601 | |
Rockwell Automation, Inc. (Electrical Equip.) | 4,509 | 1,130,902 | |
Rollins, Inc. (Commercial Svs. & Supplies) | 8,464 | 330,688 | |
Roper Technologies, Inc. (Industrial Conglomerates) | 4,074 | 1,756,261 | |
Snap-on, Inc. (Machinery) | 2,092 | 358,025 | |
Southwest Airlines Co. (Airlines) | 22,857 | 1,065,365 | |
Stanley Black & Decker, Inc. (Machinery) | 6,214 | 1,109,572 | |
Teledyne Technologies, Inc. (Aerospace & Defense) | (a) | 1,433 | 561,707 |
Textron, Inc. (Aerospace & Defense) | 8,802 | 425,401 | |
Trane Technologies PLC (Building Products) | 9,316 | 1,352,311 | |
TransDigm Group, Inc. (Aerospace & Defense) | (a) | 2,111 | 1,306,392 |
Union Pacific Corp. (Road & Rail) | 26,147 | 5,444,328 | |
United Airlines Holdings, Inc. (Airlines) | (a) | 11,390 | 492,618 |
United Parcel Service, Inc. Class B (Air Freight & Logistics) | 27,753 | 4,673,605 | |
United Rentals, Inc. (Trading Companies & Distributors) | (a) | 2,781 | 644,942 |
Verisk Analytics, Inc. (Professional Svs.) | 6,318 | 1,311,554 | |
W.W. Grainger, Inc. (Trading Companies & Distributors) | 1,741 | 710,920 | |
Waste Management, Inc. (Commercial Svs. & Supplies) | 15,123 | 1,783,455 | |
Westinghouse Air Brake Technologies Corp. (Machinery) | 7,016 | 513,571 | |
Xylem, Inc. (Machinery) | 6,994 | 711,919 | |
103,107,644 | |||
Information Technology–27.6% | |||
Accenture PLC Class A (IT Svs.) | 24,573 | 6,418,713 | |
Adobe, Inc. (Software) | (a) | 18,611 | 9,307,733 |
Advanced Micro Devices, Inc. (Semiconductors & Equip.) | (a) | 46,664 | 4,279,555 |
Akamai Technologies, Inc. (IT Svs.) | (a) | 6,316 | 663,117 |
Amphenol Corp. Class A (Electronic Equip., Instr. & Comp.) | 11,651 | 1,523,601 | |
Analog Devices, Inc. (Semiconductors & Equip.) | 14,348 | 2,119,630 | |
ANSYS, Inc. (Software) | (a) | 3,331 | 1,211,818 |
Apple, Inc. (Tech. Hardware, Storage & Periph.) | 619,957 | 82,262,094 | |
Applied Materials, Inc. (Semiconductors & Equip.) | 35,425 | 3,057,178 |
Common Stocks (Continued) | Shares | Value | |
Information Technology (continued) | |||
Arista Networks, Inc. (Communications Equip.) | (a) | 2,099 | $ 609,906 |
Autodesk, Inc. (Software) | (a) | 8,535 | 2,606,077 |
Automatic Data Processing, Inc. (IT Svs.) | 16,621 | 2,928,620 | |
Broadcom, Inc. (Semiconductors & Equip.) | 15,689 | 6,869,429 | |
Broadridge Financial Solutions, Inc. (IT Svs.) | 4,471 | 684,957 | |
Cadence Design Systems, Inc. (Software) | (a) | 10,838 | 1,478,628 |
CDW Corp. (Electronic Equip., Instr. & Comp.) | 5,518 | 727,217 | |
Cisco Systems, Inc. (Communications Equip.) | 163,956 | 7,337,031 | |
Citrix Systems, Inc. (Software) | 4,743 | 617,064 | |
Cognizant Technology Solutions Corp. Class A (IT Svs.) | 20,751 | 1,700,544 | |
Corning, Inc. (Electronic Equip., Instr. & Comp.) | 29,747 | 1,070,892 | |
DXC Technology Co. (IT Svs.) | 9,920 | 255,440 | |
F5 Networks, Inc. (Communications Equip.) | (a) | 2,360 | 415,218 |
Fidelity National Information Services, Inc. (IT Svs.) | 24,067 | 3,404,518 | |
Fiserv, Inc. (IT Svs.) | (a) | 22,285 | 2,537,370 |
FleetCor Technologies, Inc. (IT Svs.) | (a) | 3,248 | 886,152 |
FLIR Systems, Inc. (Electronic Equip., Instr. & Comp.) | 5,112 | 224,059 | |
Fortinet, Inc. (Software) | (a) | 5,219 | 775,178 |
Gartner, Inc. (IT Svs.) | (a) | 3,466 | 555,219 |
Global Payments, Inc. (IT Svs.) | 11,606 | 2,500,165 | |
Hewlett Packard Enterprise Co. (Tech. Hardware, Storage & Periph.) | 49,998 | 592,476 | |
HP, Inc. (Tech. Hardware, Storage & Periph.) | 53,307 | 1,310,819 | |
Intel Corp. (Semiconductors & Equip.) | 158,970 | 7,919,885 | |
International Business Machines Corp. (IT Svs.) | 34,566 | 4,351,168 | |
Intuit, Inc. (Software) | 10,196 | 3,872,951 | |
IPG Photonics Corp. (Electronic Equip., Instr. & Comp.) | (a) | 1,357 | 303,683 |
Jack Henry & Associates, Inc. (IT Svs.) | 2,972 | 481,434 | |
Juniper Networks, Inc. (Communications Equip.) | 12,596 | 283,536 | |
Keysight Technologies, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 7,197 | 950,652 |
KLA-Tencor Corp. (Semiconductors & Equip.) | 5,996 | 1,552,424 | |
Lam Research Corp. (Semiconductors & Equip.) | 5,594 | 2,641,878 | |
Leidos Holdings, Inc. (IT Svs.) | 5,191 | 545,678 | |
Mastercard, Inc. Class A (IT Svs.) | 34,125 | 12,180,578 | |
Maxim Integrated Products, Inc. (Semiconductors & Equip.) | 10,380 | 920,187 | |
Microchip Technology, Inc. (Semiconductors & Equip.) | 10,108 | 1,396,016 | |
Micron Technology, Inc. (Semiconductors & Equip.) | (a) | 43,170 | 3,245,521 |
Microsoft Corp. (Software) | 293,277 | 65,230,670 | |
Motorola Solutions, Inc. (Communications Equip.) | 6,610 | 1,124,097 | |
NetApp, Inc. (Tech. Hardware, Storage & Periph.) | 8,690 | 575,626 | |
NortonLifeLock, Inc. (Software) | 22,911 | 476,091 | |
NVIDIA Corp. (Semiconductors & Equip.) | 24,012 | 12,539,066 | |
Oracle Corp. (Software) | 73,580 | 4,759,890 | |
Paychex, Inc. (IT Svs.) | 12,409 | 1,156,271 | |
Paycom Software, Inc. (Software) | (a) | 1,898 | 858,371 |
PayPal Holdings, Inc. (IT Svs.) | (a) | 45,453 | 10,645,093 |
Qorvo, Inc. (Semiconductors & Equip.) | (a) | 4,408 | 732,918 |
QUALCOMM, Inc. (Semiconductors & Equip.) | 43,873 | 6,683,613 | |
salesforce.com, Inc. (Software) | (a) | 35,499 | 7,899,592 |
Seagate Technology PLC (Tech. Hardware, Storage & Periph.) | 8,704 | 541,041 | |
ServiceNow, Inc. (Software) | (a) | 7,570 | 4,166,755 |
Skyworks Solutions, Inc. (Semiconductors & Equip.) | 6,441 | 984,700 | |
Synopsys, Inc. (Software) | (a) | 5,929 | 1,537,034 |
TE Connectivity Ltd. (Electronic Equip., Instr. & Comp.) | 12,861 | 1,557,081 |
Ohio National Fund, Inc. | ON S&P 500® Index Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Information Technology (continued) | |||
Teradyne, Inc. (Semiconductors & Equip.) | 6,423 | $ 770,053 | |
Texas Instruments, Inc. (Semiconductors & Equip.) | 35,599 | 5,842,864 | |
Tyler Technologies, Inc. (Software) | (a) | 1,563 | 682,281 |
VeriSign, Inc. (IT Svs.) | (a) | 3,889 | 841,580 |
Visa, Inc. (IT Svs.) | 65,768 | 14,385,435 | |
Vontier Corp. (Electronic Equip., Instr. & Comp.) | (a) | 5,054 | 168,804 |
Western Digital Corp. (Tech. Hardware, Storage & Periph.) | 11,867 | 657,313 | |
Western Union Co. / The (IT Svs.) | 15,783 | 346,279 | |
Xerox Holdings Corp. (Tech. Hardware, Storage & Periph.) | 6,450 | 149,576 | |
Xilinx, Inc. (Semiconductors & Equip.) | 9,517 | 1,349,225 | |
Zebra Technologies Corp. Class A (Electronic Equip., Instr. & Comp.) | (a) | 2,065 | 793,641 |
339,030,969 | |||
Materials–2.6% | |||
Air Products & Chemicals, Inc. (Chemicals) | 8,585 | 2,345,594 | |
Albemarle Corp. (Chemicals) | 4,138 | 610,438 | |
Amcor PLC (Containers & Packaging) | 60,597 | 713,227 | |
Avery Dennison Corp. (Containers & Packaging) | 3,240 | 502,556 | |
Ball Corp. (Containers & Packaging) | 12,712 | 1,184,504 | |
Celanese Corp. (Chemicals) | 4,543 | 590,317 | |
CF Industries Holdings, Inc. (Chemicals) | 8,163 | 315,990 | |
Corteva, Inc. (Chemicals) | 28,910 | 1,119,395 | |
Dow, Inc. (Chemicals) | 28,796 | 1,598,178 | |
DuPont de Nemours, Inc. (Chemicals) | 28,490 | 2,025,924 | |
Eastman Chemical Co. (Chemicals) | 5,314 | 532,888 | |
Ecolab, Inc. (Chemicals) | 9,637 | 2,085,061 | |
FMC Corp. (Chemicals) | 5,043 | 579,592 | |
Freeport-McMoRan, Inc. (Metals & Mining) | 56,351 | 1,466,253 | |
International Flavors & Fragrances, Inc. (Chemicals) | 4,145 | 451,142 | |
International Paper Co. (Containers & Packaging) | 15,216 | 756,539 | |
Linde PLC (Chemicals) | 20,360 | 5,365,064 | |
LyondellBasell Industries N.V. Class A (Chemicals) | 9,993 | 915,958 | |
Martin Marietta Materials, Inc. (Construction Materials) | 2,410 | 684,368 | |
Mosaic Co. / The (Chemicals) | 13,138 | 302,305 | |
Newmont Corp. (Metals & Mining) | 31,181 | 1,867,430 | |
Nucor Corp. (Metals & Mining) | 11,705 | 622,589 | |
Packaging Corp. of America (Containers & Packaging) | 3,718 | 512,749 | |
PPG Industries, Inc. (Chemicals) | 9,176 | 1,323,363 | |
Sealed Air Corp. (Containers & Packaging) | 5,892 | 269,795 | |
Sherwin-Williams Co. / The (Chemicals) | 3,169 | 2,328,930 | |
Vulcan Materials Co. (Construction Materials) | 5,125 | 760,089 | |
Westrock Co. (Containers & Packaging) | 10,161 | 442,308 | |
32,272,546 | |||
Real Estate–2.4% | |||
Alexandria Real Estate Equities, Inc. (Equity REIT) | 4,814 | 857,951 | |
American Tower Corp. (Equity REIT) | 17,230 | 3,867,446 | |
AvalonBay Communities, Inc. (Equity REIT) | 5,424 | 870,172 | |
Boston Properties, Inc. (Equity REIT) | 5,501 | 520,010 | |
CBRE Group, Inc. Class A (Real Estate Mgmt. & Development) | (a) | 13,010 | 815,987 |
Crown Castle International Corp. (Equity REIT) | 16,737 | 2,664,363 | |
Digital Realty Trust, Inc. (Equity REIT) | 10,867 | 1,516,055 | |
Duke Realty Corp. (Equity REIT) | 14,576 | 582,603 | |
Equinix, Inc. (Equity REIT) | 3,458 | 2,469,634 | |
Equity Residential (Equity REIT) | 13,288 | 787,713 | |
Essex Property Trust, Inc. (Equity REIT) | 2,529 | 600,435 |
Common Stocks (Continued) | Shares | Value | |
Real Estate (continued) | |||
Extra Space Storage, Inc. (Equity REIT) | 4,989 | $ 578,026 | |
Federal Realty Investment Trust (Equity REIT) | 2,642 | 224,887 | |
Healthpeak Properties, Inc. (Equity REIT) | 20,882 | 631,263 | |
Host Hotels & Resorts, Inc. (Equity REIT) | 27,186 | 397,731 | |
Iron Mountain, Inc. (Equity REIT) | 11,171 | 329,321 | |
Kimco Realty Corp. (Equity REIT) | 16,633 | 249,661 | |
Mid-America Apartment Communities, Inc. (Equity REIT) | 4,454 | 564,277 | |
Prologis, Inc. (Equity REIT) | 28,687 | 2,858,946 | |
Public Storage (Equity REIT) | 5,896 | 1,361,563 | |
Realty Income Corp. (Equity REIT) | 13,654 | 848,869 | |
Regency Centers Corp. (Equity REIT) | 6,002 | 273,631 | |
SBA Communications Corp. (Equity REIT) | 4,305 | 1,214,570 | |
Simon Property Group, Inc. (Equity REIT) | 12,758 | 1,088,002 | |
SL Green Realty Corp. (Equity REIT) | 2,756 | 164,203 | |
UDR, Inc. (Equity REIT) | 11,401 | 438,140 | |
Ventas, Inc. (Equity REIT) | 14,569 | 714,464 | |
Vornado Realty Trust (Equity REIT) | 6,005 | 224,227 | |
Welltower, Inc. (Equity REIT) | 16,238 | 1,049,300 | |
Weyerhaeuser Co. (Equity REIT) | 29,052 | 974,114 | |
29,737,564 | |||
Utilities–2.8% | |||
AES Corp. / The (Ind. Power & Renewable Elec.) | 25,842 | 607,287 | |
Alliant Energy Corp. (Electric Utilities) | 9,701 | 499,893 | |
Ameren Corp. (Multi-Utilities) | 9,563 | 746,488 | |
American Electric Power Co., Inc. (Electric Utilities) | 19,279 | 1,605,362 | |
American Water Works Co., Inc. (Water Utilities) | 7,018 | 1,077,052 | |
Atmos Energy Corp. (Gas Utilities) | 4,932 | 470,661 | |
CenterPoint Energy, Inc. (Multi-Utilities) | 21,093 | 456,453 | |
CMS Energy Corp. (Multi-Utilities) | 11,038 | 673,428 | |
Consolidated Edison, Inc. (Multi-Utilities) | 13,258 | 958,156 | |
Dominion Energy, Inc. (Multi-Utilities) | 31,690 | 2,383,088 | |
DTE Energy Co. (Multi-Utilities) | 7,510 | 911,789 | |
Duke Energy Corp. (Electric Utilities) | 28,526 | 2,611,841 | |
Edison International (Electric Utilities) | 14,731 | 925,401 | |
Entergy Corp. (Electric Utilities) | 7,768 | 775,557 | |
Evergy, Inc. (Electric Utilities) | 8,906 | 494,372 | |
Eversource Energy (Electric Utilities) | 13,318 | 1,152,140 | |
Exelon Corp. (Electric Utilities) | 37,876 | 1,599,125 | |
FirstEnergy Corp. (Electric Utilities) | 20,997 | 642,718 | |
NextEra Energy, Inc. (Electric Utilities) | 75,983 | 5,862,088 | |
NiSource, Inc. (Multi-Utilities) | 14,670 | 336,530 | |
NRG Energy, Inc. (Ind. Power & Renewable Elec.) | 9,321 | 350,004 | |
Pinnacle West Capital Corp. (Electric Utilities) | 4,313 | 344,824 | |
PPL Corp. (Electric Utilities) | 29,872 | 842,390 | |
Public Service Enterprise Group, Inc. (Multi-Utilities) | 19,636 | 1,144,779 | |
Sempra Energy (Multi-Utilities) | 11,198 | 1,426,737 | |
Southern Co. / The (Electric Utilities) | 40,972 | 2,516,910 | |
WEC Energy Group, Inc. (Multi-Utilities) | 12,232 | 1,125,711 | |
Xcel Energy, Inc. (Electric Utilities) | 20,415 | 1,361,068 | |
33,901,852 | |||
Total Common Stocks (Cost $824,737,746) | $1,228,110,973 |
Money Market Funds–0.6% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.097% | (b) | 7,286,613 | $ 7,288,070 |
Total Money Market Funds (Cost $7,288,070) | $ 7,288,070 | ||
Total Investments – 100.5% (Cost $832,025,816) | (c) | $1,235,399,043 | |
Liabilities in Excess of Other Assets – (0.5)% | (d) | (6,614,111) | |
Net Assets – 100.0% | $1,228,784,932 |
Ohio National Fund, Inc. | ON S&P 500® Index Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Percentages are stated as a percent of net assets. |
Footnotes: | ||
(a) | Non-income producing security. | |
(b) | Rate represents the seven-day yield at December 31, 2020. | |
(c) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 8 of the Notes to Financial Statements. | |
(d) | Includes $506,000 of cash pledged as collateral for the futures contracts outstanding at December 31, 2020. See also the following Schedule of Open Futures Contracts. |
Schedule of Open Futures Contracts | December 31, 2020 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
CME E-mini S&P 500 Index - Long | 46 | March 19, 2021 | $8,495,790 | $8,622,240 | $126,450 | $46,103 |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Value Portfolio (Unaudited) |
Average Annual returns | |
One year | 3.66% |
Five years | 7.53% |
Ten years | 9.56% |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Value Portfolio (Unaudited) (Continued) |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2020. |
Portfolio Composition as of December 31, 2020 (1) | |
% of Net Assets | |
Common Stocks (4) | 98.2 |
Money Market Funds Less Net Liabilities | 1.8 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2020 (1) (2) (3) | ||
% of Net Assets | ||
1. | Walt Disney Co. / The | 2.4 |
2. | JPMorgan Chase & Co. | 2.3 |
3. | Johnson & Johnson | 2.1 |
4. | NextEra Energy, Inc. | 1.9 |
5. | Bank of America Corp. | 1.6 |
6. | Cisco Systems, Inc. | 1.6 |
7. | Intel Corp. | 1.6 |
8. | Prologis, Inc. | 1.5 |
9. | Honeywell International, Inc. | 1.5 |
10. | Home Depot, Inc. / The | 1.4 |
(1) | Composition of Portfolio subject to change. | |
(2) | Short-term investments have been excluded from the list of Top 10 Portfolio Holdings. | |
(3) | Top 10 Portfolio Holdings is presented at an individual security level. Total investment exposure by issuer may be higher. | |
(4) | Sectors (Common Stocks): |
% of Net Assets | |
Financials | 20.0 |
Industrials | 13.7 |
Health Care | 12.3 |
Information Technology | 10.4 |
Communication Services | 8.7 |
Consumer Staples | 8.0 |
Consumer Discretionary | 6.6 |
Utilities | 6.0 |
Real Estate | 4.8 |
Energy | 4.0 |
Materials | 3.7 |
98.2 |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Value Portfolio |
Schedule of Investments | December 31, 2020 |
Common Stocks–98.2% | Shares | Value | |
Communication Services–8.7% | |||
Activision Blizzard, Inc. (Entertainment) | 2,254 | $ 209,284 | |
Alphabet, Inc. Class A (Interactive Media & Svs.) | (a) | 1,636 | 2,867,319 |
Alphabet, Inc. Class C (Interactive Media & Svs.) | (a) | 1,178 | 2,063,715 |
AT&T, Inc. (Diversified Telecom. Svs.) | 104,833 | 3,014,997 | |
Comcast Corp. Class A (Media) | 65,367 | 3,425,231 | |
Discovery, Inc. Class A (Media) | (a) | 58,577 | 1,762,582 |
Discovery, Inc. Class C (Media) | (a) | 5,893 | 154,338 |
New York Times Co. / The Class A (Media) | 1,991 | 103,074 | |
Omnicom Group, Inc. (Media) | 3,720 | 232,016 | |
Sirius XM Holdings, Inc. (Media) | 181,625 | 1,156,951 | |
Twitter, Inc. (Interactive Media & Svs.) | (a) | 16,995 | 920,279 |
United States Cellular Corp. (Wireless Telecom. Svs.) | (a) | 5,220 | 160,202 |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 46,627 | 2,739,336 | |
Vodafone Group PLC – ADR (Wireless Telecom. Svs.) | 20,653 | 340,362 | |
Walt Disney Co. / The (Entertainment) | (a) | 42,101 | 7,627,859 |
Warner Music Group Corp. Class A (Entertainment) | 6,106 | 231,967 | |
World Wrestling Entertainment, Inc. Class A (Entertainment) | 2,323 | 111,620 | |
Zynga, Inc. Class A (Entertainment) | (a) | 35,368 | 349,082 |
27,470,214 | |||
Consumer Discretionary–6.6% | |||
Amazon.com, Inc. (Internet & Direct Marketing Retail) | (a) | 58 | 188,902 |
Aptiv PLC (Auto Components) | 13,844 | 1,803,735 | |
BorgWarner, Inc. (Auto Components) | 9,304 | 359,507 | |
Bright Horizons Family Solutions, Inc. (Diversified Consumer Svs.) | (a) | 3,434 | 594,048 |
Carter's, Inc. (Textiles, Apparel & Luxury Goods) | 628 | 59,076 | |
Chipotle Mexican Grill, Inc. (Hotels, Restaurants & Leisure) | (a) | 495 | 686,421 |
Crocs, Inc. (Textiles, Apparel & Luxury Goods) | (a) | 681 | 42,671 |
Darden Restaurants, Inc. (Hotels, Restaurants & Leisure) | 4,296 | 511,740 | |
Domino's Pizza, Inc. (Hotels, Restaurants & Leisure) | 641 | 245,798 | |
DraftKings, Inc. Class A (Hotels, Restaurants & Leisure) | (a) | 1,172 | 54,568 |
Etsy, Inc. (Internet & Direct Marketing Retail) | (a) | 297 | 52,839 |
Extended Stay America, Inc. (Hotels, Restaurants & Leisure) | 8,104 | 120,020 | |
Genuine Parts Co. (Distributors) | 1,619 | 162,596 | |
Graham Holdings Co. Class B (Diversified Consumer Svs.) | 58 | 30,936 | |
H&R Block, Inc. (Diversified Consumer Svs.) | 3,823 | 60,633 | |
Harley-Davidson, Inc. (Automobiles) | 14,606 | 536,040 | |
Home Depot, Inc. / The (Specialty Retail) | 16,794 | 4,460,822 | |
KB Home (Household Durables) | 1,102 | 36,939 | |
Levi Strauss & Co. Class A (Textiles, Apparel & Luxury Goods) | 2,876 | 57,750 | |
McDonald's Corp. (Hotels, Restaurants & Leisure) | 13,205 | 2,833,529 | |
MGM Resorts International (Hotels, Restaurants & Leisure) | 5,566 | 175,385 | |
Nordstrom, Inc. (Multiline Retail) | 20,480 | 639,181 | |
Planet Fitness, Inc. Class A (Hotels, Restaurants & Leisure) | (a) | 8,251 | 640,525 |
Pool Corp. (Distributors) | 1,750 | 651,875 | |
Ralph Lauren Corp. (Textiles, Apparel & Luxury Goods) | 9,469 | 982,314 | |
Six Flags Entertainment Corp. (Hotels, Restaurants & Leisure) | 3,213 | 109,563 |
Common Stocks (Continued) | Shares | Value | |
Consumer Discretionary (continued) | |||
Starbucks Corp. (Hotels, Restaurants & Leisure) | 454 | $ 48,569 | |
Target Corp. (Multiline Retail) | 1,420 | 250,673 | |
Terminix Global Holdings, Inc. (Diversified Consumer Svs.) | (a) | 1,204 | 61,416 |
Tesla, Inc. (Automobiles) | (a) | 1,431 | 1,009,814 |
Texas Roadhouse, Inc. (Hotels, Restaurants & Leisure) | 3,594 | 280,907 | |
TJX Cos., Inc. / The (Specialty Retail) | 8,910 | 608,464 | |
Under Armour, Inc. Class C (Textiles, Apparel & Luxury Goods) | (a) | 3,559 | 52,958 |
Vail Resorts, Inc. (Hotels, Restaurants & Leisure) | 194 | 54,118 | |
Wayfair, Inc. Class A (Internet & Direct Marketing Retail) | (a) | 493 | 111,324 |
Wendy's Co. / The (Hotels, Restaurants & Leisure) | 12,731 | 279,064 | |
Williams-Sonoma, Inc. (Specialty Retail) | 573 | 58,354 | |
Wyndham Destinations, Inc. (Hotels, Restaurants & Leisure) | 40,571 | 1,820,015 | |
Wyndham Hotels & Resorts, Inc. (Hotels, Restaurants & Leisure) | 1,846 | 109,726 | |
20,842,815 | |||
Consumer Staples–8.0% | |||
Brown-Forman Corp. Class A (Beverages) | 1,293 | 94,997 | |
Brown-Forman Corp. Class B (Beverages) | 10,075 | 800,257 | |
Bunge Ltd. (Food Products) | 1,971 | 129,258 | |
Clorox Co. / The (Household Products) | 12,490 | 2,521,981 | |
Coca-Cola Co. / The (Beverages) | 42,104 | 2,308,983 | |
Colgate-Palmolive Co. (Household Products) | 51,769 | 4,426,767 | |
Costco Wholesale Corp. (Food & Staples Retailing) | 6,915 | 2,605,434 | |
Estee Lauder Cos., Inc. / The Class A (Personal Products) | 4,560 | 1,213,826 | |
General Mills, Inc. (Food Products) | 37,894 | 2,228,167 | |
Hershey Co. / The (Food Products) | 19,944 | 3,038,070 | |
Kellogg Co. (Food Products) | 5,532 | 344,256 | |
McCormick & Co., Inc. (Food Products) | 17,866 | 1,707,990 | |
Molson Coors Beverage Co. Class B (Beverages) | 7,244 | 327,356 | |
PepsiCo, Inc. (Beverages) | 2,723 | 403,821 | |
Philip Morris International, Inc. (Tobacco) | 1,379 | 114,168 | |
Procter & Gamble Co. / The (Household Products) | 4,535 | 631,000 | |
Sysco Corp. (Food & Staples Retailing) | 3,237 | 240,380 | |
Walmart, Inc. (Food & Staples Retailing) | 14,969 | 2,157,781 | |
25,294,492 | |||
Energy–4.0% | |||
Cheniere Energy, Inc. (Oil, Gas & Consumable Fuels) | (a) | 9,537 | 572,506 |
Chevron Corp. (Oil, Gas & Consumable Fuels) | 20,149 | 1,701,583 | |
Continental Resources, Inc. (Oil, Gas & Consumable Fuels) | 10,681 | 174,100 | |
EOG Resources, Inc. (Oil, Gas & Consumable Fuels) | 29,868 | 1,489,517 | |
Exxon Mobil Corp. (Oil, Gas & Consumable Fuels) | 60,529 | 2,495,006 | |
Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels) | 2,158 | 29,500 | |
Phillips 66 (Oil, Gas & Consumable Fuels) | 37,644 | 2,632,821 | |
Schlumberger N.V. (Energy Equip. & Svs.) | 98,684 | 2,154,272 | |
TechnipFMC PLC (Energy Equip. & Svs.) | 60,298 | 566,801 | |
Valero Energy Corp. (Oil, Gas & Consumable Fuels) | 16,828 | 951,960 | |
12,768,066 |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Value Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Financials–20.0% | |||
Aflac, Inc. (Insurance) | 32,996 | $ 1,467,332 | |
Allstate Corp. / The (Insurance) | 7,543 | 829,202 | |
Ally Financial, Inc. (Consumer Finance) | 46,396 | 1,654,481 | |
American Express Co. (Consumer Finance) | 24,324 | 2,941,015 | |
Ameriprise Financial, Inc. (Capital Markets) | 4,713 | 915,877 | |
Arch Capital Group Ltd. (Insurance) | (a) | 21,968 | 792,386 |
Athene Holding Ltd. Class A (Insurance) | (a) | 15,194 | 655,469 |
Bank of America Corp. (Banks) | 169,161 | 5,127,270 | |
Bank of Hawaii Corp. (Banks) | 4,870 | 373,139 | |
Bank of New York Mellon Corp. / The (Capital Markets) | 30,407 | 1,290,473 | |
Berkshire Hathaway, Inc. Class B (Diversified Financial Svs.) | (a) | 19,226 | 4,457,933 |
BOK Financial Corp. (Banks) | 616 | 42,184 | |
Brighthouse Financial, Inc. (Insurance) | (a) | 8,675 | 314,078 |
Capital One Financial Corp. (Consumer Finance) | 2,114 | 208,969 | |
CBOE Global Markets, Inc. (Capital Markets) | 6,870 | 639,734 | |
Charles Schwab Corp. / The (Capital Markets) | 30,932 | 1,640,633 | |
Citigroup, Inc. (Banks) | 41,224 | 2,541,872 | |
CME Group, Inc. (Capital Markets) | 11,269 | 2,051,521 | |
Comerica, Inc. (Banks) | 14,357 | 801,982 | |
Commerce Bancshares, Inc. (Banks) | 2,298 | 150,979 | |
Cullen / Frost Bankers, Inc. (Banks) | 7,549 | 658,499 | |
Essent Group Ltd. (Thrifts & Mortgage Finance) | 3,619 | 156,341 | |
FactSet Research Systems, Inc. (Capital Markets) | 1,606 | 533,995 | |
First American Financial Corp. (Insurance) | 18,160 | 937,601 | |
First Horizon Corp. (Banks) | 68,432 | 873,192 | |
Goldman Sachs Group, Inc. / The (Capital Markets) | 434 | 114,450 | |
Hanover Insurance Group, Inc. / The (Insurance) | 1,540 | 180,057 | |
JPMorgan Chase & Co. (Banks) | 58,245 | 7,401,192 | |
Lincoln National Corp. (Insurance) | 14,734 | 741,268 | |
Marsh & McLennan Cos., Inc. (Insurance) | 10,451 | 1,222,767 | |
MetLife, Inc. (Insurance) | 3,406 | 159,912 | |
MGIC Investment Corp. (Thrifts & Mortgage Finance) | 15,839 | 198,779 | |
Moody's Corp. (Capital Markets) | 7,017 | 2,036,614 | |
Morgan Stanley (Capital Markets) | 61,379 | 4,206,303 | |
New York Community Bancorp, Inc. (Thrifts & Mortgage Finance) | 100,645 | 1,061,805 | |
Pinnacle Financial Partners, Inc. (Banks) | 11,169 | 719,284 | |
PNC Financial Services Group, Inc. / The (Banks) | 736 | 109,664 | |
Progressive Corp. / The (Insurance) | 7,770 | 768,298 | |
Radian Group, Inc. (Thrifts & Mortgage Finance) | 5,397 | 109,289 | |
Regions Financial Corp. (Banks) | 62,916 | 1,014,206 | |
Rocket Cos., Inc. Class A (Thrifts & Mortgage Finance) | (a) | 31,521 | 637,355 |
S&P Global, Inc. (Capital Markets) | 2,941 | 966,795 | |
State Street Corp. (Capital Markets) | 8,946 | 651,090 | |
SVB Financial Group (Banks) | (a) | 669 | 259,458 |
T. Rowe Price Group, Inc. (Capital Markets) | 4,088 | 618,882 | |
Travelers Cos., Inc. / The (Insurance) | 15,089 | 2,118,043 | |
Truist Financial Corp. (Banks) | 15,710 | 752,980 | |
U.S. Bancorp (Banks) | 14,556 | 678,164 | |
Wells Fargo & Co. (Banks) | 99,021 | 2,988,454 | |
Willis Towers Watson PLC (Insurance) | 2,323 | 489,410 | |
Wintrust Financial Corp. (Banks) | 8,801 | 537,653 | |
Zions Bancorp N.A. (Banks) | 13,495 | 586,223 | |
63,384,552 | |||
Health Care–12.3% | |||
AbbVie, Inc. (Biotechnology) | 2,796 | 299,591 | |
Agilent Technologies, Inc. (Life Sciences Tools & Svs.) | 13,209 | 1,565,134 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
Alexion Pharmaceuticals, Inc. (Biotechnology) | (a) | 1,084 | $ 169,364 |
Align Technology, Inc. (Health Care Equip. & Supplies) | (a) | 62 | 33,132 |
AmerisourceBergen Corp. (Health Care Providers & Svs.) | 896 | 87,593 | |
Amgen, Inc. (Biotechnology) | 950 | 218,424 | |
Anthem, Inc. (Health Care Providers & Svs.) | 4,253 | 1,365,596 | |
Becton Dickinson and Co. (Health Care Equip. & Supplies) | 3,629 | 908,048 | |
Biogen, Inc. (Biotechnology) | (a) | 2,004 | 490,700 |
Boston Scientific Corp. (Health Care Equip. & Supplies) | (a) | 23,869 | 858,091 |
Bristol-Myers Squibb Co. (Pharmaceuticals) | 49,422 | 3,065,647 | |
Cardinal Health, Inc. (Health Care Providers & Svs.) | 11,013 | 589,856 | |
Catalent, Inc. (Pharmaceuticals) | (a) | 3,018 | 314,083 |
Centene Corp. (Health Care Providers & Svs.) | (a) | 580 | 34,817 |
Cerner Corp. (Health Care Technology) | 5,387 | 422,772 | |
Cigna Corp. (Health Care Providers & Svs.) | 5,844 | 1,216,604 | |
Danaher Corp. (Health Care Equip. & Supplies) | 8,367 | 1,858,645 | |
DENTSPLY SIRONA, Inc. (Health Care Equip. & Supplies) | 4,108 | 215,095 | |
DexCom, Inc. (Health Care Equip. & Supplies) | (a) | 682 | 252,149 |
Edwards Lifesciences Corp. (Health Care Equip. & Supplies) | (a) | 19,055 | 1,738,388 |
Envista Holdings Corp. (Health Care Equip. & Supplies) | (a) | 3,732 | 125,880 |
Gilead Sciences, Inc. (Biotechnology) | 39,949 | 2,327,429 | |
Global Blood Therapeutics, Inc. (Biotechnology) | (a) | 2,192 | 94,936 |
Henry Schein, Inc. (Health Care Providers & Svs.) | (a) | 17,308 | 1,157,213 |
Hill-Rom Holdings, Inc. (Health Care Equip. & Supplies) | 2,424 | 237,479 | |
Hologic, Inc. (Health Care Equip. & Supplies) | (a) | 2,674 | 194,747 |
IDEXX Laboratories, Inc. (Health Care Equip. & Supplies) | (a) | 1,443 | 721,312 |
Johnson & Johnson (Pharmaceuticals) | 41,353 | 6,508,135 | |
Laboratory Corp. of America Holdings (Health Care Providers & Svs.) | (a) | 644 | 131,086 |
McKesson Corp. (Health Care Providers & Svs.) | 6,033 | 1,049,259 | |
Medtronic PLC (Health Care Equip. & Supplies) | 22,482 | 2,633,542 | |
Pfizer, Inc. (Pharmaceuticals) | 101,312 | 3,729,295 | |
Quest Diagnostics, Inc. (Health Care Providers & Svs.) | 3,064 | 365,137 | |
Stryker Corp. (Health Care Equip. & Supplies) | 5,653 | 1,385,211 | |
Thermo Fisher Scientific, Inc. (Life Sciences Tools & Svs.) | 183 | 85,238 | |
UnitedHealth Group, Inc. (Health Care Providers & Svs.) | 2,362 | 828,306 | |
Vertex Pharmaceuticals, Inc. (Biotechnology) | (a) | 2,246 | 530,820 |
Zoetis, Inc. (Pharmaceuticals) | 6,114 | 1,011,867 | |
38,820,621 | |||
Industrials–13.7% | |||
3M Co. (Industrial Conglomerates) | 6,660 | 1,164,101 | |
AGCO Corp. (Machinery) | 6,578 | 678,126 | |
Alaska Air Group, Inc. (Airlines) | 19,173 | 996,996 | |
Allegion PLC (Building Products) | 13,495 | 1,570,548 | |
Boeing Co. / The (Aerospace & Defense) | 6,701 | 1,434,416 | |
C.H. Robinson Worldwide, Inc. (Air Freight & Logistics) | 3,685 | 345,911 | |
Cintas Corp. (Commercial Svs. & Supplies) | 1,237 | 437,230 | |
Copa Holdings SA Class A (Airlines) | 587 | 45,334 | |
Copart, Inc. (Commercial Svs. & Supplies) | (a) | 6,801 | 865,427 |
CSX Corp. (Road & Rail) | 15,905 | 1,443,379 | |
Cummins, Inc. (Machinery) | 2,295 | 521,195 | |
Curtiss-Wright Corp. (Aerospace & Defense) | 6,425 | 747,549 | |
Deere & Co. (Machinery) | 8,896 | 2,393,469 |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Value Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Industrials (continued) | |||
Delta Air Lines, Inc. (Airlines) | 5,596 | $ 225,015 | |
Dover Corp. (Machinery) | 921 | 116,276 | |
Dun & Bradstreet Holdings, Inc. (Professional Svs.) | (a) | 1,466 | 36,503 |
EMCOR Group, Inc. (Construction & Engineering) | 5,942 | 543,455 | |
Equifax, Inc. (Professional Svs.) | 516 | 99,505 | |
Expeditors International of Washington, Inc. (Air Freight & Logistics) | 19,094 | 1,816,030 | |
FedEx Corp. (Air Freight & Logistics) | 866 | 224,831 | |
Fortive Corp. (Machinery) | 14,466 | 1,024,482 | |
GATX Corp. (Trading Companies & Distributors) | 6,593 | 548,406 | |
General Electric Co. (Industrial Conglomerates) | 85,382 | 922,126 | |
Graco, Inc. (Machinery) | 730 | 52,816 | |
Hexcel Corp. (Aerospace & Defense) | 1,510 | 73,220 | |
Honeywell International, Inc. (Industrial Conglomerates) | 21,991 | 4,677,486 | |
Hubbell, Inc. (Electrical Equip.) | 8,752 | 1,372,226 | |
IAA, Inc. (Commercial Svs. & Supplies) | (a) | 4,792 | 311,384 |
IHS Markit Ltd. (Professional Svs.) | 12,255 | 1,100,867 | |
Knight-Swift Transportation Holdings, Inc. (Road & Rail) | 3,681 | 153,939 | |
L3Harris Technologies, Inc. (Aerospace & Defense) | 5,413 | 1,023,165 | |
Landstar System, Inc. (Road & Rail) | 1,936 | 260,702 | |
Lennox International, Inc. (Building Products) | 5,868 | 1,607,656 | |
Lockheed Martin Corp. (Aerospace & Defense) | 4,833 | 1,715,618 | |
Lyft, Inc. Class A (Road & Rail) | (a) | 9,447 | 464,131 |
ManpowerGroup, Inc. (Professional Svs.) | 1,290 | 116,332 | |
Masco Corp. (Building Products) | 2,176 | 119,528 | |
Mercury Systems, Inc. (Aerospace & Defense) | (a) | 897 | 78,990 |
Northrop Grumman Corp. (Aerospace & Defense) | 1,831 | 557,942 | |
Old Dominion Freight Line, Inc. (Road & Rail) | 341 | 66,556 | |
Oshkosh Corp. (Machinery) | 10,176 | 875,848 | |
PACCAR, Inc. (Machinery) | 3,126 | 269,711 | |
Raytheon Technologies Corp. (Aerospace & Defense) | 4,860 | 347,539 | |
Robert Half International, Inc. (Professional Svs.) | 3,851 | 240,611 | |
Rockwell Automation, Inc. (Electrical Equip.) | 1,568 | 393,270 | |
Roper Technologies, Inc. (Industrial Conglomerates) | 2,567 | 1,106,608 | |
Snap-on, Inc. (Machinery) | 8,933 | 1,528,794 | |
Teledyne Technologies, Inc. (Aerospace & Defense) | (a) | 1,645 | 644,807 |
Trane Technologies PLC (Building Products) | 6,805 | 987,814 | |
United Airlines Holdings, Inc. (Airlines) | (a) | 6,892 | 298,079 |
Valmont Industries, Inc. (Construction & Engineering) | 1,119 | 195,747 | |
Verisk Analytics, Inc. (Professional Svs.) | 4,044 | 839,494 | |
W.W. Grainger, Inc. (Trading Companies & Distributors) | 1,861 | 759,921 | |
WESCO International, Inc. (Trading Companies & Distributors) | (a) | 1,571 | 123,324 |
Xylem, Inc. (Machinery) | 25,732 | 2,619,260 | |
43,183,695 | |||
Information Technology–10.4% | |||
Accenture PLC Class A (IT Svs.) | 9,010 | 2,353,502 | |
Adobe, Inc. (Software) | (a) | 2,582 | 1,291,310 |
Allegro MicroSystems, Inc. (Semiconductors & Equip.) | (a) | 2,797 | 74,568 |
Analog Devices, Inc. (Semiconductors & Equip.) | 16,254 | 2,401,203 | |
Applied Materials, Inc. (Semiconductors & Equip.) | 6,075 | 524,272 |
Common Stocks (Continued) | Shares | Value | |
Information Technology (continued) | |||
Automatic Data Processing, Inc. (IT Svs.) | 7,559 | $ 1,331,896 | |
Cadence Design Systems, Inc. (Software) | (a) | 2,856 | 389,644 |
Cirrus Logic, Inc. (Semiconductors & Equip.) | (a) | 2,336 | 192,019 |
Cisco Systems, Inc. (Communications Equip.) | 111,236 | 4,977,811 | |
Dell Technologies, Inc. Class C (Tech. Hardware, Storage & Periph.) | (a) | 2,166 | 158,746 |
DXC Technology Co. (IT Svs.) | 2,820 | 72,615 | |
Fidelity National Information Services, Inc. (IT Svs.) | 284 | 40,175 | |
Fiserv, Inc. (IT Svs.) | (a) | 24,920 | 2,837,391 |
Hewlett Packard Enterprise Co. (Tech. Hardware, Storage & Periph.) | 110,139 | 1,305,147 | |
HP, Inc. (Tech. Hardware, Storage & Periph.) | 13,589 | 334,154 | |
Intel Corp. (Semiconductors & Equip.) | 97,936 | 4,879,172 | |
Motorola Solutions, Inc. (Communications Equip.) | 723 | 122,953 | |
National Instruments Corp. (Electronic Equip., Instr. & Comp.) | 5,656 | 248,525 | |
NetApp, Inc. (Tech. Hardware, Storage & Periph.) | 5,851 | 387,570 | |
NVIDIA Corp. (Semiconductors & Equip.) | 6,366 | 3,324,325 | |
PayPal Holdings, Inc. (IT Svs.) | (a) | 2,667 | 624,611 |
salesforce.com, Inc. (Software) | (a) | 4,466 | 993,819 |
ServiceNow, Inc. (Software) | (a) | 3,758 | 2,068,516 |
Trimble, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 6,057 | 404,426 |
Visa, Inc. (IT Svs.) | 5,516 | 1,206,515 | |
VMware, Inc. Class A (Software) | (a) | 1,757 | 246,437 |
Vontier Corp. (Electronic Equip., Instr. & Comp.) | (a) | 6,519 | 217,735 |
33,009,057 | |||
Materials–3.7% | |||
Air Products & Chemicals, Inc. (Chemicals) | 738 | 201,636 | |
Amcor PLC (Containers & Packaging) | 6,681 | 78,635 | |
AptarGroup, Inc. (Containers & Packaging) | 3,720 | 509,231 | |
Ecolab, Inc. (Chemicals) | 15,367 | 3,324,804 | |
FMC Corp. (Chemicals) | 16,343 | 1,878,301 | |
Linde PLC (Chemicals) | 3,549 | 935,197 | |
Mosaic Co. / The (Chemicals) | 27,469 | 632,062 | |
PPG Industries, Inc. (Chemicals) | 16,336 | 2,355,978 | |
Reliance Steel & Aluminum Co. (Metals & Mining) | 8,828 | 1,057,153 | |
Steel Dynamics, Inc. (Metals & Mining) | 3,575 | 131,810 | |
Vulcan Materials Co. (Construction Materials) | 3,740 | 554,680 | |
11,659,487 | |||
Real Estate–4.8% | |||
Alexandria Real Estate Equities, Inc. (Equity REIT) | 5,208 | 928,170 | |
American Tower Corp. (Equity REIT) | 1,551 | 348,137 | |
Boston Properties, Inc. (Equity REIT) | 16,113 | 1,523,162 | |
Brixmor Property Group, Inc. (Equity REIT) | 56,621 | 937,078 | |
Camden Property Trust (Equity REIT) | 682 | 68,145 | |
CBRE Group, Inc. Class A (Real Estate Mgmt. & Development) | (a) | 7,672 | 481,188 |
Douglas Emmett, Inc. (Equity REIT) | 1,287 | 37,555 | |
Equinix, Inc. (Equity REIT) | 238 | 169,975 | |
Equity Residential (Equity REIT) | 13,479 | 799,035 | |
Kilroy Realty Corp. (Equity REIT) | 21,262 | 1,220,439 | |
Kimco Realty Corp. (Equity REIT) | 36,285 | 544,638 | |
Macerich Co. / The (Equity REIT) | 9,247 | 98,665 | |
Park Hotels & Resorts, Inc. (Equity REIT) | 10,035 | 172,100 | |
Prologis, Inc. (Equity REIT) | 47,725 | 4,756,274 | |
Regency Centers Corp. (Equity REIT) | 16,012 | 729,987 | |
Simon Property Group, Inc. (Equity REIT) | 18,437 | 1,572,307 | |
Welltower, Inc. (Equity REIT) | 12,191 | 787,782 | |
15,174,637 | |||
Utilities–6.0% | |||
Alliant Energy Corp. (Electric Utilities) | 24,572 | 1,266,195 |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Value Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Utilities (continued) | |||
Ameren Corp. (Multi-Utilities) | 9,075 | $ 708,395 | |
Atmos Energy Corp. (Gas Utilities) | 3,226 | 307,857 | |
Avangrid, Inc. (Electric Utilities) | 2,640 | 119,988 | |
CMS Energy Corp. (Multi-Utilities) | 46,325 | 2,826,288 | |
Consolidated Edison, Inc. (Multi-Utilities) | 31,609 | 2,284,382 | |
Eversource Energy (Electric Utilities) | 19,616 | 1,696,980 | |
IDACORP, Inc. (Electric Utilities) | 7,780 | 747,113 | |
NextEra Energy, Inc. (Electric Utilities) | 79,303 | 6,118,226 | |
Pinnacle West Capital Corp. (Electric Utilities) | 19,170 | 1,532,642 | |
Public Service Enterprise Group, Inc. (Multi-Utilities) | 3,988 | 232,500 | |
Sunnova Energy International, Inc. (Ind. Power & Renewable Elec.) | (a) | 1,258 | 56,774 |
Xcel Energy, Inc. (Electric Utilities) | 18,141 | 1,209,461 | |
19,106,801 | |||
Total Common Stocks (Cost $283,046,585) | $310,714,437 |
Money Market Funds–2.6% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.097% | (b) | 8,369,099 | $ 8,370,773 |
Total Money Market Funds (Cost $8,370,773) | $ 8,370,773 | ||
Total Investments – 100.8% (Cost $291,417,358) | (c) | $319,085,210 | |
Liabilities in Excess of Other Assets – (0.8)% | (d) | (2,557,103) | |
Net Assets – 100.0% | $316,528,107 |
Percentages are stated as a percent of net assets. |
Abbreviations: | ||
ADR: | American Depositary Receipts |
Footnotes: | ||
(a) | Non-income producing security. | |
(b) | Rate represents the seven-day yield at December 31, 2020. | |
(c) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 8 of the Notes to Financial Statements. | |
(d) | Includes $629,200 of cash pledged as collateral for the futures contracts outstanding at December 31, 2020. See also the following Schedule of Open Futures Contracts. |
Schedule of Open Futures Contracts | December 31, 2020 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
CME E-mini S&P 500 Index - Long | 52 | March 19, 2021 | $9,484,456 | $9,746,880 | $262,424 | $63,960 |
Ohio National Fund, Inc. | ON Federated High Income Bond Portfolio (Unaudited) |
Average Annual returns | |
One year | 6.26% |
Five years | 7.72% |
Ten years | 6.42% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2020. |
Ohio National Fund, Inc. | ON Federated High Income Bond Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2020 (1) | |
% of Net Assets | |
Corporate Bonds (4) | 94.8 |
Common Stocks (4) | 0.6 |
Money Market Funds and Other Net Assets | 4.6 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2020 (1) (2) (3) | ||
% of Net Assets | ||
1. | HUB International Ltd. 7.000%, 05/01/2026 | 1.2 |
2. | CCO Holdings LLC / CCO Holdings Capital Corp. 4.750%, 03/01/2030 | 1.1 |
3. | 1011778 B.C. ULC / New Red Finance, Inc. 4.000%, 10/15/2030 | 1.1 |
4. | Allied Universal Holdco LLC / Allied Universal Finance Corp. 9.750%, 07/15/2027 | 0.9 |
5. | Tempo Acquisition LLC / Tempo Acquisition Finance Corp. 6.750%, 06/01/2025 | 0.8 |
6. | ARD Finance SA 6.500%,7.250% PIK, 06/30/2027 | 0.7 |
7. | Clarios Global LP / Clarios U.S. Finance Co. 8.500%, 05/15/2027 | 0.7 |
8. | Standard Industries, Inc. 5.000%, 02/15/2027 | 0.7 |
9. | Garda World Security Corp. 9.500%, 11/01/2027 | 0.7 |
10. | Prestige Brands, Inc. 6.375%, 03/01/2024 | 0.7 |
(1) | Composition of Portfolio subject to change. | |
(2) | Short-term investments have been excluded from the list of Top 10 Portfolio Holdings. | |
(3) | Top 10 Portfolio Holdings is presented at an individual security level. Total investment exposure by issuer may be higher. | |
(4) | Sectors (Common Stocks, Corporate Bonds): |
% of Net Assets | |
Communication Services | 16.1 |
Energy | 14.7 |
Health Care | 12.8 |
Consumer Discretionary | 11.1 |
Industrials | 10.1 |
Financials | 9.8 |
Materials | 9.4 |
Information Technology | 4.6 |
Utilities | 3.5 |
Consumer Staples | 2.9 |
Real Estate | 0.4 |
95.4 |
Ohio National Fund, Inc. | ON Federated High Income Bond Portfolio |
Schedule of Investments | December 31, 2020 |
Corporate Bonds–94.8% | Rate | Maturity | Face Amount | Value | |
Communication Services–16.0% | |||||
Altice France SA (Diversified Telecom. Svs.) | (a) | 7.375% | 05/01/2026 | $ 950,000 | $ 999,875 |
AMC Networks, Inc. (Media) | 5.000% | 04/01/2024 | 600,000 | 609,750 | |
AMC Networks, Inc. (Media) | 4.750% | 08/01/2025 | 175,000 | 180,723 | |
Cars.com, Inc. (Interactive Media & Svs.) | (a) | 6.375% | 11/01/2028 | 175,000 | 185,757 |
CCO Holdings LLC / CCO Holdings Capital Corp. (Media) | (a) | 5.750% | 02/15/2026 | 75,000 | 77,389 |
CCO Holdings LLC / CCO Holdings Capital Corp. (Media) | (a) | 5.875% | 05/01/2027 | 900,000 | 934,875 |
CCO Holdings LLC / CCO Holdings Capital Corp. (Media) | (a) | 5.000% | 02/01/2028 | 650,000 | 687,375 |
CCO Holdings LLC / CCO Holdings Capital Corp. (Media) | (a) | 5.375% | 06/01/2029 | 175,000 | 191,844 |
CCO Holdings LLC / CCO Holdings Capital Corp. (Media) | (a) | 4.750% | 03/01/2030 | 1,750,000 | 1,888,236 |
CCO Holdings LLC / CCO Holdings Capital Corp. (Media) | (a) | 4.500% | 08/15/2030 | 250,000 | 265,313 |
CSC Holdings LLC (Media) | 5.250% | 06/01/2024 | 375,000 | 405,900 | |
CSC Holdings LLC (Media) | (a) | 5.500% | 04/15/2027 | 1,100,000 | 1,166,000 |
CSC Holdings LLC (Media) | (a) | 7.500% | 04/01/2028 | 550,000 | 618,519 |
CSC Holdings LLC (Media) | (a) | 5.750% | 01/15/2030 | 300,000 | 328,875 |
CSC Holdings LLC (Media) | (a) | 4.125% | 12/01/2030 | 200,000 | 209,120 |
CSC Holdings LLC (Media) | (a) | 4.625% | 12/01/2030 | 675,000 | 704,531 |
CSC Holdings LLC (Media) | (a) | 3.375% | 02/15/2031 | 200,000 | 196,250 |
Cumulus Media New Holdings, Inc. (Media) | (a) | 6.750% | 07/01/2026 | 181,000 | 185,058 |
Diamond Sports Group LLC / Diamond Sports Finance Co. (Media) | (a) | 5.375% | 08/15/2026 | 400,000 | 325,000 |
Diamond Sports Group LLC / Diamond Sports Finance Co. (Media) | (a) | 6.625% | 08/15/2027 | 525,000 | 317,625 |
DISH DBS Corp. (Media) | 5.875% | 11/15/2024 | 175,000 | 183,494 | |
DISH DBS Corp. (Media) | 7.750% | 07/01/2026 | 675,000 | 755,649 | |
Entercom Media Corp. (Media) | (a) | 7.250% | 11/01/2024 | 575,000 | 573,562 |
Entercom Media Corp. (Media) | (a) | 6.500% | 05/01/2027 | 400,000 | 406,500 |
Gray Television, Inc. (Media) | (a) | 5.875% | 07/15/2026 | 750,000 | 784,687 |
Gray Television, Inc. (Media) | (a) | 4.750% | 10/15/2030 | 75,000 | 76,125 |
iHeartCommunications, Inc. (Media) | 6.375% | 05/01/2026 | 41,769 | 44,693 | |
iHeartCommunications, Inc. (Media) | 8.375% | 05/01/2027 | 950,707 | 1,014,747 | |
iHeartCommunications, Inc. (Media) | (a) | 5.250% | 08/15/2027 | 250,000 | 261,875 |
iHeartCommunications, Inc. (Media) | (a) | 4.750% | 01/15/2028 | 100,000 | 103,000 |
Intelsat Jackson Holdings SA (Acquired 05/15/2018, Cost $259,500) (Diversified Telecom. Svs.) | (b) | 5.500% | 08/01/2023 | 300,000 | 203,250 |
Intelsat Jackson Holdings SA (Acquired 10/02/2018, Cost $125,938) (Diversified Telecom. Svs.) | (a)(b) | 8.500% | 10/15/2024 | 125,000 | 89,375 |
Intelsat Jackson Holdings SA (Acquired 06/19/2017, Cost $250,000) (Diversified Telecom. Svs.) | (a)(b) | 9.750% | 07/15/2025 | 250,000 | 180,000 |
Lamar Media Corp. (Media) | 4.875% | 01/15/2029 | 125,000 | 132,813 | |
Match Group Holdings II LLC (Interactive Media & Svs.) | (a) | 5.000% | 12/15/2027 | 450,000 | 478,278 |
Match Group Holdings II LLC (Interactive Media & Svs.) | (a) | 4.625% | 06/01/2028 | 75,000 | 78,609 |
Match Group Holdings II LLC (Interactive Media & Svs.) | (a) | 4.125% | 08/01/2030 | 425,000 | 440,937 |
Nexstar Broadcasting, Inc. (Media) | (a) | 5.625% | 07/15/2027 | 300,000 | 321,375 |
Nexstar Broadcasting, Inc. (Media) | (a) | 4.750% | 11/01/2028 | 675,000 | 706,219 |
Rackspace Technology Global, Inc. (Interactive Media & Svs.) | (a) | 5.375% | 12/01/2028 | 200,000 | 209,540 |
Scripps Escrow II, Inc. (Media) | (a) | 3.875% | 01/15/2029 | 100,000 | 104,250 |
Scripps Escrow II, Inc. (Media) | (a) | 5.375% | 01/15/2031 | 125,000 | 131,451 |
Scripps Escrow, Inc. (Media) | (a) | 5.875% | 07/15/2027 | 300,000 | 313,410 |
Sinclair Television Group, Inc. (Media) | (a) | 5.875% | 03/15/2026 | 475,000 | 488,385 |
Sinclair Television Group, Inc. (Media) | (a) | 5.125% | 02/15/2027 | 125,000 | 127,188 |
Sinclair Television Group, Inc. (Media) | (a) | 5.500% | 03/01/2030 | 250,000 | 260,625 |
Sirius XM Radio, Inc. (Media) | (a) | 5.375% | 07/15/2026 | 725,000 | 755,812 |
Sirius XM Radio, Inc. (Media) | (a) | 5.000% | 08/01/2027 | 75,000 | 79,688 |
Sirius XM Radio, Inc. (Media) | (a) | 4.125% | 07/01/2030 | 475,000 | 505,578 |
Sprint Capital Corp. (Wireless Telecom. Svs.) | 6.875% | 11/15/2028 | 150,000 | 197,772 | |
Sprint Corp. (Wireless Telecom. Svs.) | 7.625% | 02/15/2025 | 625,000 | 747,397 | |
TEGNA, Inc. (Media) | (a) | 4.625% | 03/15/2028 | 300,000 | 306,750 |
TEGNA, Inc. (Media) | 5.000% | 09/15/2029 | 750,000 | 792,313 | |
Telenet Finance Luxembourg Notes SARL (Media) | (a) | 5.500% | 03/01/2028 | 800,000 | 853,200 |
Terrier Media Buyer, Inc. (Media) | (a) | 8.875% | 12/15/2027 | 1,000,000 | 1,102,500 |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | 5.125% | 04/15/2025 | 675,000 | 691,139 | |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | 6.500% | 01/15/2026 | 325,000 | 336,375 | |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | 4.500% | 02/01/2026 | 25,000 | 25,558 | |
Townsquare Media, Inc. (Media) | (a) | 6.875% | 02/01/2026 | 100,000 | 104,840 |
Virgin Media Finance PLC (Media) | (a) | 5.000% | 07/15/2030 | 325,000 | 337,188 |
Virgin Media Secured Finance PLC (Media) | (a) | 4.500% | 08/15/2030 | 200,000 | 209,000 |
Virgin Media Vendor Financing Notes IV DAC (Media) | (a) | 5.000% | 07/15/2028 | 575,000 | 598,000 |
Vmed O2 U.K. Financing I PLC (Wireless Telecom. Svs.) | (a) | 4.250% | 01/31/2031 | 200,000 | 204,328 |
WMG Acquisition Corp. (Entertainment) | (a) | 3.875% | 07/15/2030 | 75,000 | 79,708 |
Ziggo B.V. (Diversified Telecom. Svs.) | (a) | 5.500% | 01/15/2027 | 539,000 | 562,581 |
Ziggo Bond Co. B.V. (Diversified Telecom. Svs.) | (a) | 6.000% | 01/15/2027 | 625,000 | 660,481 |
28,098,260 | |||||
Consumer Discretionary–11.0% | |||||
1011778 B.C. ULC / New Red Finance, Inc. (Hotels, Restaurants & Leisure) | (a) | 4.000% | 10/15/2030 | 1,800,000 | 1,825,488 |
Ohio National Fund, Inc. | ON Federated High Income Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Consumer Discretionary (continued) | |||||
Academy Ltd. (Specialty Retail) | (a) | 6.000% | 11/15/2027 | $ 75,000 | $ 78,563 |
Adient Global Holdings Ltd. (Auto Components) | (a) | 4.875% | 08/15/2026 | 675,000 | 693,562 |
Adient U.S. LLC (Auto Components) | (a) | 9.000% | 04/15/2025 | 25,000 | 27,875 |
Adient U.S. LLC (Auto Components) | (a) | 7.000% | 05/15/2026 | 75,000 | 81,579 |
Affinity Gaming (Hotels, Restaurants & Leisure) | (a) | 6.875% | 12/15/2027 | 175,000 | 183,094 |
American Axle & Manufacturing, Inc. (Auto Components) | 6.500% | 04/01/2027 | 275,000 | 289,437 | |
Aramark Services, Inc. (Hotels, Restaurants & Leisure) | (a) | 6.375% | 05/01/2025 | 275,000 | 293,906 |
Aramark Services, Inc. (Hotels, Restaurants & Leisure) | 4.750% | 06/01/2026 | 375,000 | 386,044 | |
Aramark Services, Inc. (Hotels, Restaurants & Leisure) | (a) | 5.000% | 02/01/2028 | 100,000 | 105,375 |
Bally's Corp. (Hotels, Restaurants & Leisure) | (a) | 6.750% | 06/01/2027 | 175,000 | 187,687 |
Boyd Gaming Corp. (Hotels, Restaurants & Leisure) | (a) | 8.625% | 06/01/2025 | 50,000 | 55,610 |
Boyd Gaming Corp. (Hotels, Restaurants & Leisure) | 6.375% | 04/01/2026 | 525,000 | 545,375 | |
Boyd Gaming Corp. (Hotels, Restaurants & Leisure) | 6.000% | 08/15/2026 | 175,000 | 181,562 | |
Boyd Gaming Corp. (Hotels, Restaurants & Leisure) | 4.750% | 12/01/2027 | 75,000 | 77,906 | |
Caesars Entertainment, Inc. (Hotels, Restaurants & Leisure) | (a) | 6.250% | 07/01/2025 | 325,000 | 346,125 |
Caesars Entertainment, Inc. (Hotels, Restaurants & Leisure) | (a) | 8.125% | 07/01/2027 | 450,000 | 498,160 |
Caesars Resort Collection LLC / CRC Finco, Inc. (Hotels, Restaurants & Leisure) | (a) | 5.750% | 07/01/2025 | 50,000 | 52,979 |
Caesars Resort Collection LLC / CRC Finco, Inc. (Hotels, Restaurants & Leisure) | (a) | 5.250% | 10/15/2025 | 350,000 | 353,706 |
CCM Merger, Inc. (Hotels, Restaurants & Leisure) | (a) | 6.375% | 05/01/2026 | 50,000 | 52,500 |
Clarios Global LP / Clarios U.S. Finance Co. (Auto Components) | (a) | 6.250% | 05/15/2026 | 125,000 | 134,063 |
Clarios Global LP / Clarios U.S. Finance Co. (Auto Components) | (a) | 8.500% | 05/15/2027 | 1,175,000 | 1,276,531 |
Dana Financing Luxembourg SARL (Auto Components) | (a) | 6.500% | 06/01/2026 | 650,000 | 680,062 |
Garda World Security Corp. (Diversified Consumer Svs.) | (a) | 9.500% | 11/01/2027 | 1,103,000 | 1,221,572 |
Gates Global LLC / Gates Corp. (Auto Components) | (a) | 6.250% | 01/15/2026 | 950,000 | 997,500 |
Hilton Domestic Operating Co., Inc. (Hotels, Restaurants & Leisure) | (a) | 5.375% | 05/01/2025 | 25,000 | 26,563 |
Hilton Domestic Operating Co., Inc. (Hotels, Restaurants & Leisure) | 5.125% | 05/01/2026 | 525,000 | 542,062 | |
Hilton Domestic Operating Co., Inc. (Hotels, Restaurants & Leisure) | (a) | 5.750% | 05/01/2028 | 75,000 | 81,563 |
Hilton Domestic Operating Co., Inc. (Hotels, Restaurants & Leisure) | 4.875% | 01/15/2030 | 150,000 | 163,875 | |
IHO Verwaltungs GmbH (Auto Components) | (a)(c) | 4.750%, 5.500% PIK | 09/15/2026 | 400,000 | 414,500 |
IHO Verwaltungs GmbH (Auto Components) | (a)(c) | 6.000%, 6.750% PIK | 05/15/2027 | 400,000 | 424,000 |
J.B. Poindexter & Co., Inc. (Auto Components) | (a) | 7.125% | 04/15/2026 | 550,000 | 581,625 |
KFC Holding Co. / Pizza Hut Holdings LLC / Taco Bell of America LLC (Hotels, Restaurants & Leisure) | (a) | 5.250% | 06/01/2026 | 300,000 | 311,250 |
KFC Holding Co. / Pizza Hut Holdings LLC / Taco Bell of America LLC (Hotels, Restaurants & Leisure) | (a) | 4.750% | 06/01/2027 | 525,000 | 554,405 |
MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer, Inc. (Hotels, Restaurants & Leisure) | (a) | 4.625% | 06/15/2025 | 100,000 | 107,100 |
MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer, Inc. (Hotels, Restaurants & Leisure) | (a) | 3.875% | 02/15/2029 | 50,000 | 51,125 |
MGM Resorts International (Hotels, Restaurants & Leisure) | 6.750% | 05/01/2025 | 400,000 | 432,960 | |
MGM Resorts International (Hotels, Restaurants & Leisure) | 4.625% | 09/01/2026 | 498,000 | 526,984 | |
MGM Resorts International (Hotels, Restaurants & Leisure) | 4.750% | 10/15/2028 | 225,000 | 241,171 | |
Michaels Stores, Inc. (Specialty Retail) | (a) | 8.000% | 07/15/2027 | 350,000 | 376,250 |
Mohegan Gaming & Entertainment (Hotels, Restaurants & Leisure) | (a) | 7.875% | 10/15/2024 | 525,000 | 547,969 |
Party City Holdings, Inc. (Index Floor: 0.75%) (Specialty Retail) | (a) | SL + 500 | 07/15/2025 | 266,621 | 239,959 |
Six Flags Entertainment Corp. (Hotels, Restaurants & Leisure) | (a) | 5.500% | 04/15/2027 | 500,000 | 513,750 |
Six Flags Theme Parks, Inc. (Hotels, Restaurants & Leisure) | (a) | 7.000% | 07/01/2025 | 50,000 | 54,000 |
Stars Group Holdings B.V. / Stars Group U.S. Co-Borrower LLC (Hotels, Restaurants & Leisure) | (a) | 7.000% | 07/15/2026 | 925,000 | 973,562 |
Station Casinos LLC (Hotels, Restaurants & Leisure) | (a) | 5.000% | 10/01/2025 | 775,000 | 783,951 |
Station Casinos LLC (Hotels, Restaurants & Leisure) | (a) | 4.500% | 02/15/2028 | 75,000 | 75,563 |
VOC Escrow Ltd. (Hotels, Restaurants & Leisure) | (a) | 5.000% | 02/15/2028 | 175,000 | 173,687 |
William Carter Co. / The (Textiles, Apparel & Luxury Goods) | (a) | 5.500% | 05/15/2025 | 75,000 | 79,649 |
William Carter Co. / The (Textiles, Apparel & Luxury Goods) | (a) | 5.625% | 03/15/2027 | 75,000 | 78,938 |
Wyndham Hotels & Resorts, Inc. (Hotels, Restaurants & Leisure) | (a) | 5.375% | 04/15/2026 | 200,000 | 207,000 |
Wyndham Hotels & Resorts, Inc. (Hotels, Restaurants & Leisure) | (a) | 4.375% | 08/15/2028 | 75,000 | 77,929 |
Yum! Brands, Inc. (Hotels, Restaurants & Leisure) | (a) | 4.750% | 01/15/2030 | 75,000 | 82,238 |
19,349,889 | |||||
Consumer Staples–2.9% | |||||
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC (Food & Staples Retailing) | 5.750% | 03/15/2025 | 580,000 | 597,400 | |
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC (Food & Staples Retailing) | (a) | 3.250% | 03/15/2026 | 275,000 | 279,125 |
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC (Food & Staples Retailing) | (a) | 5.875% | 02/15/2028 | 100,000 | 108,819 |
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC (Food & Staples Retailing) | (a) | 3.500% | 03/15/2029 | 425,000 | 429,250 |
Edgewell Personal Care Co. (Personal Products) | (a) | 5.500% | 06/01/2028 | 175,000 | 188,073 |
Energizer Holdings, Inc. (Household Products) | (a) | 7.750% | 01/15/2027 | 150,000 | 166,725 |
Energizer Holdings, Inc. (Household Products) | (a) | 4.750% | 06/15/2028 | 150,000 | 157,875 |
Ohio National Fund, Inc. | ON Federated High Income Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Consumer Staples (continued) | |||||
Energizer Holdings, Inc. (Household Products) | (a) | 4.375% | 03/31/2029 | $ 325,000 | $ 336,544 |
Kraft Heinz Foods Co. (Food Products) | (a) | 4.250% | 03/01/2031 | 100,000 | 111,445 |
Kraft Heinz Foods Co. (Food Products) | 5.200% | 07/15/2045 | 325,000 | 385,895 | |
Kraft Heinz Foods Co. (Food Products) | 4.375% | 06/01/2046 | 500,000 | 540,156 | |
Post Holdings, Inc. (Food Products) | (a) | 5.000% | 08/15/2026 | 975,000 | 1,006,687 |
Post Holdings, Inc. (Food Products) | (a) | 5.750% | 03/01/2027 | 550,000 | 582,313 |
Post Holdings, Inc. (Food Products) | (a) | 4.625% | 04/15/2030 | 125,000 | 131,495 |
5,021,802 | |||||
Energy–14.4% | |||||
Antero Midstream Partners LP / Antero Midstream Finance Corp. (Oil, Gas & Consumable Fuels) | 5.375% | 09/15/2024 | 625,000 | 609,375 | |
Antero Midstream Partners LP / Antero Midstream Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 7.875% | 05/15/2026 | 125,000 | 129,073 |
Antero Midstream Partners LP / Antero Midstream Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 5.750% | 03/01/2027 | 225,000 | 221,062 |
Antero Midstream Partners LP / Antero Midstream Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 5.750% | 01/15/2028 | 625,000 | 600,125 |
Antero Resources Corp. (Oil, Gas & Consumable Fuels) | 5.625% | 06/01/2023 | 400,000 | 392,000 | |
Antero Resources Corp. (Oil, Gas & Consumable Fuels) | (a) | 8.375% | 07/15/2026 | 25,000 | 25,517 |
Apache Corp. (Oil, Gas & Consumable Fuels) | 4.625% | 11/15/2025 | 75,000 | 78,750 | |
Apache Corp. (Oil, Gas & Consumable Fuels) | 4.875% | 11/15/2027 | 125,000 | 132,500 | |
Archrock Partners LP / Archrock Partners Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 6.875% | 04/01/2027 | 625,000 | 672,656 |
Archrock Partners LP / Archrock Partners Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 6.250% | 04/01/2028 | 275,000 | 286,264 |
Ascent Resources Utica Holdings LLC / ARU Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 7.000% | 11/01/2026 | 350,000 | 335,125 |
Ascent Resources Utica Holdings LLC / ARU Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 8.250% | 12/31/2028 | 100,000 | 99,750 |
Berry Petroleum Co. LLC (Oil, Gas & Consumable Fuels) | (a) | 7.000% | 02/15/2026 | 325,000 | 276,250 |
Callon Petroleum Co. (Oil, Gas & Consumable Fuels) | 6.125% | 10/01/2024 | 75,000 | 43,125 | |
Callon Petroleum Co. (Oil, Gas & Consumable Fuels) | 8.250% | 07/15/2025 | 450,000 | 243,000 | |
Callon Petroleum Co. (Oil, Gas & Consumable Fuels) | 6.375% | 07/01/2026 | 225,000 | 115,875 | |
Centennial Resource Production LLC (Oil, Gas & Consumable Fuels) | (a) | 6.875% | 04/01/2027 | 350,000 | 251,125 |
Cheniere Energy Partners LP (Oil, Gas & Consumable Fuels) | 5.250% | 10/01/2025 | 900,000 | 923,625 | |
Cheniere Energy Partners LP (Oil, Gas & Consumable Fuels) | 4.500% | 10/01/2029 | 125,000 | 132,222 | |
Cheniere Energy, Inc. (Oil, Gas & Consumable Fuels) | (a) | 4.625% | 10/15/2028 | 175,000 | 183,750 |
Chesapeake Energy Corp. (Acquired 12/06/2016 through 09/17/2018, Cost $1,076,753) (Oil, Gas & Consumable Fuels) | (a)(b) | 11.500% | 01/01/2025 | 752,000 | 131,600 |
CNX Midstream Partners LP / CNX Midstream Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 6.500% | 03/15/2026 | 725,000 | 737,687 |
Continental Resources, Inc. (Oil, Gas & Consumable Fuels) | 4.375% | 01/15/2028 | 225,000 | 229,500 | |
Continental Resources, Inc. (Oil, Gas & Consumable Fuels) | (a) | 5.750% | 01/15/2031 | 275,000 | 305,244 |
CrownRock LP / CrownRock Finance, Inc. (Oil, Gas & Consumable Fuels) | (a) | 5.625% | 10/15/2025 | 600,000 | 612,000 |
Double Eagle III Midco 1 LLC / Double Eagle Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 7.750% | 12/15/2025 | 350,000 | 371,133 |
Endeavor Energy Resources LP / EER Finance, Inc. (Oil, Gas & Consumable Fuels) | (a) | 6.625% | 07/15/2025 | 200,000 | 214,000 |
Endeavor Energy Resources LP / EER Finance, Inc. (Oil, Gas & Consumable Fuels) | (a) | 5.750% | 01/30/2028 | 100,000 | 107,870 |
Enviva Partners LP / Enviva Partners Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 6.500% | 01/15/2026 | 900,000 | 956,250 |
EQM Midstream Partners LP (Oil, Gas & Consumable Fuels) | 4.750% | 07/15/2023 | 175,000 | 184,009 | |
EQM Midstream Partners LP (Oil, Gas & Consumable Fuels) | (a) | 6.000% | 07/01/2025 | 225,000 | 246,375 |
EQM Midstream Partners LP (Oil, Gas & Consumable Fuels) | (a) | 6.500% | 07/01/2027 | 325,000 | 365,961 |
EQM Midstream Partners LP (Oil, Gas & Consumable Fuels) | 5.500% | 07/15/2028 | 350,000 | 382,497 | |
EQM Midstream Partners LP (Oil, Gas & Consumable Fuels) | 6.500% | 07/15/2048 | 75,000 | 77,813 | |
EQT Corp. (Oil, Gas & Consumable Fuels) | 7.875% | 02/01/2025 | 400,000 | 455,500 | |
EQT Corp. (Oil, Gas & Consumable Fuels) | 5.000% | 01/15/2029 | 75,000 | 79,074 | |
EQT Corp. (Oil, Gas & Consumable Fuels) | 8.750% | 02/01/2030 | 50,000 | 61,125 | |
Gulfport Energy Corp. (Acquired 10/11/2016, Cost $76,533) (Oil, Gas & Consumable Fuels) | (b) | 6.000% | 10/15/2024 | 75,000 | 49,500 |
Gulfport Energy Corp. (Acquired 12/15/2016 through 03/31/2017, Cost $176,305) (Oil, Gas & Consumable Fuels) | (b) | 6.375% | 05/15/2025 | 175,000 | 115,500 |
Gulfport Energy Corp. (Acquired 10/05/2017, Cost $125,000) (Oil, Gas & Consumable Fuels) | (b) | 6.375% | 01/15/2026 | 125,000 | 82,500 |
Hess Midstream Operations LP (Oil, Gas & Consumable Fuels) | (a) | 5.125% | 06/15/2028 | 300,000 | 313,593 |
Holly Energy Partners LP / Holly Energy Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 5.000% | 02/01/2028 | 300,000 | 302,250 |
Jagged Peak Energy LLC (Oil, Gas & Consumable Fuels) | 5.875% | 05/01/2026 | 225,000 | 232,875 | |
Nabors Industries Ltd. (Energy Equip. & Svs.) | (a) | 7.250% | 01/15/2026 | 200,000 | 140,234 |
Nabors Industries Ltd. (Energy Equip. & Svs.) | (a) | 7.500% | 01/15/2028 | 75,000 | 51,353 |
NuStar Logistics LP (Oil, Gas & Consumable Fuels) | 5.750% | 10/01/2025 | 25,000 | 26,625 | |
NuStar Logistics LP (Oil, Gas & Consumable Fuels) | 5.625% | 04/28/2027 | 875,000 | 931,875 | |
NuStar Logistics LP (Oil, Gas & Consumable Fuels) | 6.375% | 10/01/2030 | 50,000 | 56,640 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 2.900% | 08/15/2024 | 300,000 | 288,750 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 3.500% | 06/15/2025 | 275,000 | 265,639 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 8.000% | 07/15/2025 | 100,000 | 113,900 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 5.875% | 09/01/2025 | 225,000 | 239,625 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 3.200% | 08/15/2026 | 200,000 | 187,000 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 8.875% | 07/15/2030 | 475,000 | 557,531 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 6.625% | 09/01/2030 | 275,000 | 298,581 |
Ohio National Fund, Inc. | ON Federated High Income Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Energy (continued) | |||||
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 6.450% | 09/15/2036 | $ 325,000 | $ 340,275 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 4.300% | 08/15/2039 | 225,000 | 189,259 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 4.100% | 02/15/2047 | 150,000 | 122,618 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 4.400% | 08/15/2049 | 250,000 | 210,700 | |
Parsley Energy LLC / Parsley Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 5.250% | 08/15/2025 | 75,000 | 78,113 |
PDC Energy, Inc. (Oil, Gas & Consumable Fuels) | 6.125% | 09/15/2024 | 200,000 | 205,522 | |
PDC Energy, Inc. (Oil, Gas & Consumable Fuels) | 5.750% | 05/15/2026 | 250,000 | 258,125 | |
Precision Drilling Corp. (Energy Equip. & Svs.) | 7.750% | 12/15/2023 | 350,000 | 321,562 | |
Precision Drilling Corp. (Energy Equip. & Svs.) | (a) | 7.125% | 01/15/2026 | 100,000 | 87,000 |
QEP Resources, Inc. (Oil, Gas & Consumable Fuels) | 5.250% | 05/01/2023 | 75,000 | 78,938 | |
QEP Resources, Inc. (Oil, Gas & Consumable Fuels) | 5.625% | 03/01/2026 | 400,000 | 438,620 | |
Range Resources Corp. (Oil, Gas & Consumable Fuels) | 4.875% | 05/15/2025 | 500,000 | 472,295 | |
Range Resources Corp. (Oil, Gas & Consumable Fuels) | 9.250% | 02/01/2026 | 75,000 | 78,375 | |
Rattler Midstream LP (Oil, Gas & Consumable Fuels) | (a) | 5.625% | 07/15/2025 | 200,000 | 211,250 |
SESI LLC (Acquired 01/31/2018, Cost $102,625) (Energy Equip. & Svs.) | (b) | 7.125% | 12/15/2021 | 100,000 | 32,000 |
SESI LLC (Acquired 08/03/2017 through 07/25/2018, Cost $847,898) (Energy Equip. & Svs.) | (b) | 7.750% | 09/15/2024 | 825,000 | 264,000 |
Shelf Drilling Holdings Ltd. (Oil, Gas & Consumable Fuels) | (a) | 8.250% | 02/15/2025 | 375,000 | 172,500 |
SM Energy Co. (Oil, Gas & Consumable Fuels) | 5.000% | 01/15/2024 | 175,000 | 147,437 | |
SM Energy Co. (Oil, Gas & Consumable Fuels) | 6.750% | 09/15/2026 | 350,000 | 283,500 | |
SM Energy Co. (Oil, Gas & Consumable Fuels) | 6.625% | 01/15/2027 | 25,000 | 19,938 | |
Summit Midstream Holdings LLC / Summit Midstream Finance Corp. (Oil, Gas & Consumable Fuels) | 5.500% | 08/15/2022 | 375,000 | 337,500 | |
Summit Midstream Holdings LLC / Summit Midstream Finance Corp. (Oil, Gas & Consumable Fuels) | 5.750% | 04/15/2025 | 250,000 | 160,000 | |
Targa Resources Partners LP / Targa Resources Partners Finance Corp. (Oil, Gas & Consumable Fuels) | 5.875% | 04/15/2026 | 150,000 | 159,033 | |
Targa Resources Partners LP / Targa Resources Partners Finance Corp. (Oil, Gas & Consumable Fuels) | 5.375% | 02/01/2027 | 700,000 | 735,259 | |
Targa Resources Partners LP / Targa Resources Partners Finance Corp. (Oil, Gas & Consumable Fuels) | 6.500% | 07/15/2027 | 25,000 | 27,125 | |
Targa Resources Partners LP / Targa Resources Partners Finance Corp. (Oil, Gas & Consumable Fuels) | 5.000% | 01/15/2028 | 525,000 | 554,169 | |
Targa Resources Partners LP / Targa Resources Partners Finance Corp. (Oil, Gas & Consumable Fuels) | 5.500% | 03/01/2030 | 475,000 | 515,707 | |
Targa Resources Partners LP / Targa Resources Partners Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 4.875% | 02/01/2031 | 75,000 | 81,375 |
TransMontaigne Partners LP / TLP Finance Corp. (Oil, Gas & Consumable Fuels) | 6.125% | 02/15/2026 | 225,000 | 226,125 | |
U.S.A. Compression Partners LP / U.S.A. Compression Finance Corp. (Energy Equip. & Svs.) | 6.875% | 04/01/2026 | 825,000 | 862,125 | |
U.S.A. Compression Partners LP / U.S.A. Compression Finance Corp. (Energy Equip. & Svs.) | 6.875% | 09/01/2027 | 100,000 | 106,758 | |
Western Midstream Operating LP (Oil, Gas & Consumable Fuels) | 4.000% | 07/01/2022 | 100,000 | 102,750 | |
Western Midstream Operating LP (Oil, Gas & Consumable Fuels) | 4.650% | 07/01/2026 | 50,000 | 52,470 | |
Western Midstream Operating LP (Oil, Gas & Consumable Fuels) | 4.500% | 03/01/2028 | 175,000 | 181,125 | |
Western Midstream Operating LP (Oil, Gas & Consumable Fuels) | 5.050% | 02/01/2030 | 75,000 | 83,438 | |
Western Midstream Operating LP (Oil, Gas & Consumable Fuels) | 5.450% | 04/01/2044 | 175,000 | 176,972 | |
Western Midstream Operating LP (Oil, Gas & Consumable Fuels) | 5.300% | 03/01/2048 | 800,000 | 792,768 | |
Western Midstream Operating LP (Oil, Gas & Consumable Fuels) | 5.500% | 08/15/2048 | 100,000 | 98,159 | |
WPX Energy, Inc. (Oil, Gas & Consumable Fuels) | 5.750% | 06/01/2026 | 75,000 | 78,844 | |
WPX Energy, Inc. (Oil, Gas & Consumable Fuels) | 5.250% | 10/15/2027 | 200,000 | 211,924 | |
WPX Energy, Inc. (Oil, Gas & Consumable Fuels) | 5.875% | 06/15/2028 | 25,000 | 27,251 | |
WPX Energy, Inc. (Oil, Gas & Consumable Fuels) | 4.500% | 01/15/2030 | 125,000 | 132,500 | |
25,238,182 | |||||
Financials–9.8% | |||||
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer (Insurance) | (a) | 6.750% | 10/15/2027 | 875,000 | 936,250 |
AmWINS Group, Inc. (Insurance) | (a) | 7.750% | 07/01/2026 | 950,000 | 1,020,205 |
Ardonagh Midco 2 PLC (Insurance) | (a)(c) | 11.500%, 12.750% PIK | 01/15/2027 | 325,000 | 346,937 |
AssuredPartners, Inc. (Insurance) | (a) | 7.000% | 08/15/2025 | 675,000 | 699,604 |
AssuredPartners, Inc. (Insurance) | (a) | 5.625% | 01/15/2029 | 25,000 | 26,094 |
Atotech Alpha 2 B.V. (Diversified Financial Svs.) | (a)(c) | 8.750%, 9.500% PIK | 06/01/2023 | 200,000 | 201,500 |
Atotech Alpha 3 B.V. / Alpha U.S. Bidco, Inc. (Diversified Financial Svs.) | (a) | 6.250% | 02/01/2025 | 575,000 | 585,062 |
Ford Motor Credit Co. LLC (Consumer Finance) | 3.336% | 03/18/2021 | 325,000 | 325,813 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 3.813% | 10/12/2021 | 300,000 | 303,375 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 3.096% | 05/04/2023 | 400,000 | 404,124 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 4.063% | 11/01/2024 | 375,000 | 393,964 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 5.125% | 06/16/2025 | 400,000 | 434,920 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 3.375% | 11/13/2025 | 575,000 | 588,834 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 4.389% | 01/08/2026 | 225,000 | 236,178 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 4.271% | 01/09/2027 | 450,000 | 471,656 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 4.125% | 08/17/2027 | 300,000 | 314,250 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 5.113% | 05/03/2029 | 525,000 | 584,692 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 4.000% | 11/13/2030 | 275,000 | 289,281 |
Ohio National Fund, Inc. | ON Federated High Income Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Financials (continued) | |||||
GTCR AP Finance, Inc. (Insurance) | (a) | 8.000% | 05/15/2027 | $ 275,000 | $ 298,636 |
HUB International Ltd. (Insurance) | (a) | 7.000% | 05/01/2026 | 2,075,000 | 2,170,020 |
Navient Corp. (Consumer Finance) | 6.125% | 03/25/2024 | 175,000 | 186,813 | |
Navient Corp. (Consumer Finance) | 5.875% | 10/25/2024 | 775,000 | 823,437 | |
Navient Corp. (Consumer Finance) | 6.750% | 06/25/2025 | 175,000 | 190,313 | |
Navient Corp. (Consumer Finance) | 6.750% | 06/15/2026 | 125,000 | 136,250 | |
Navient Corp. (Consumer Finance) | 5.000% | 03/15/2027 | 50,000 | 50,438 | |
NFP Corp. (Insurance) | (a) | 7.000% | 05/15/2025 | 50,000 | 53,750 |
NFP Corp. (Insurance) | (a) | 6.875% | 08/15/2028 | 1,100,000 | 1,174,448 |
Quicken Loans LLC (Thrifts & Mortgage Finance) | (a) | 5.250% | 01/15/2028 | 425,000 | 453,687 |
Quicken Loans LLC / Quicken Loans Co-Issuer, Inc. (Thrifts & Mortgage Finance) | (a) | 3.625% | 03/01/2029 | 200,000 | 204,000 |
Quicken Loans LLC / Quicken Loans Co-Issuer, Inc. (Thrifts & Mortgage Finance) | (a) | 3.875% | 03/01/2031 | 300,000 | 311,250 |
Refinitiv U.S. Holdings, Inc. (Capital Markets) | (a) | 6.250% | 05/15/2026 | 100,000 | 106,750 |
Refinitiv U.S. Holdings, Inc. (Capital Markets) | (a) | 8.250% | 11/15/2026 | 975,000 | 1,063,969 |
United Shore Financial Services LLC (Thrifts & Mortgage Finance) | (a) | 5.500% | 11/15/2025 | 750,000 | 791,250 |
USI, Inc. (Insurance) | (a) | 6.875% | 05/01/2025 | 1,050,000 | 1,076,250 |
17,254,000 | |||||
Health Care–12.8% | |||||
Acadia Healthcare Co., Inc. (Health Care Providers & Svs.) | 5.625% | 02/15/2023 | 750,000 | 751,875 | |
Acadia Healthcare Co., Inc. (Health Care Providers & Svs.) | 6.500% | 03/01/2024 | 400,000 | 408,500 | |
Acadia Healthcare Co., Inc. (Health Care Providers & Svs.) | (a) | 5.500% | 07/01/2028 | 25,000 | 26,851 |
Acadia Healthcare Co., Inc. (Health Care Providers & Svs.) | (a) | 5.000% | 04/15/2029 | 25,000 | 26,688 |
AdaptHealth LLC (Health Care Providers & Svs.) | (a) | 4.625% | 08/01/2029 | 100,000 | 102,750 |
Avantor Funding, Inc. (Health Care Equip. & Supplies) | (a) | 4.625% | 07/15/2028 | 600,000 | 634,500 |
Bausch Health Americas, Inc. (Pharmaceuticals) | (a) | 8.500% | 01/31/2027 | 525,000 | 583,889 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 7.000% | 03/15/2024 | 225,000 | 231,469 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 6.125% | 04/15/2025 | 1,050,000 | 1,082,193 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 5.500% | 11/01/2025 | 200,000 | 207,258 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 9.000% | 12/15/2025 | 425,000 | 470,084 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 5.750% | 08/15/2027 | 175,000 | 187,687 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 5.000% | 01/30/2028 | 200,000 | 206,108 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 5.000% | 02/15/2029 | 75,000 | 77,115 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 6.250% | 02/15/2029 | 25,000 | 27,156 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 7.250% | 05/30/2029 | 575,000 | 646,363 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 5.250% | 02/15/2031 | 75,000 | 78,354 |
Centene Corp. (Health Care Providers & Svs.) | 4.750% | 01/15/2025 | 325,000 | 333,525 | |
Centene Corp. (Health Care Providers & Svs.) | (a) | 5.375% | 06/01/2026 | 525,000 | 553,723 |
Centene Corp. (Health Care Providers & Svs.) | (a) | 5.375% | 08/15/2026 | 225,000 | 237,656 |
Centene Corp. (Health Care Providers & Svs.) | 4.250% | 12/15/2027 | 800,000 | 848,000 | |
Centene Corp. (Health Care Providers & Svs.) | 4.625% | 12/15/2029 | 425,000 | 471,839 | |
Centene Corp. (Health Care Providers & Svs.) | 3.375% | 02/15/2030 | 50,000 | 52,605 | |
Centene Corp. (Health Care Providers & Svs.) | 3.000% | 10/15/2030 | 75,000 | 79,493 | |
Charles River Laboratories International, Inc. (Life Sciences Tools & Svs.) | (a) | 5.500% | 04/01/2026 | 225,000 | 235,665 |
CHS / Community Health Systems, Inc. (Health Care Providers & Svs.) | (a) | 8.625% | 01/15/2024 | 50,000 | 52,125 |
CHS / Community Health Systems, Inc. (Health Care Providers & Svs.) | (a) | 6.625% | 02/15/2025 | 100,000 | 105,248 |
CHS / Community Health Systems, Inc. (Health Care Providers & Svs.) | (a) | 8.000% | 03/15/2026 | 200,000 | 215,500 |
CHS / Community Health Systems, Inc. (Health Care Providers & Svs.) | (a) | 5.625% | 03/15/2027 | 150,000 | 161,288 |
CHS / Community Health Systems, Inc. (Health Care Providers & Svs.) | (a) | 6.000% | 01/15/2029 | 50,000 | 54,013 |
Endo DAC / Endo Finance LLC / Endo Finco, Inc. (Pharmaceuticals) | (a) | 9.500% | 07/31/2027 | 150,000 | 167,437 |
Endo DAC / Endo Finance LLC / Endo Finco, Inc. (Pharmaceuticals) | (a) | 6.000% | 06/30/2028 | 552,000 | 469,200 |
Global Medical Response, Inc. (Health Care Providers & Svs.) | (a) | 6.500% | 10/01/2025 | 825,000 | 862,125 |
HCA, Inc. (Health Care Providers & Svs.) | 5.375% | 02/01/2025 | 900,000 | 1,012,077 | |
HCA, Inc. (Health Care Providers & Svs.) | 5.875% | 02/15/2026 | 200,000 | 230,000 | |
HCA, Inc. (Health Care Providers & Svs.) | 5.375% | 09/01/2026 | 100,000 | 114,940 | |
HCA, Inc. (Health Care Providers & Svs.) | 5.625% | 09/01/2028 | 425,000 | 502,031 | |
HCA, Inc. (Health Care Providers & Svs.) | 3.500% | 09/01/2030 | 675,000 | 716,864 | |
IQVIA, Inc. (Life Sciences Tools & Svs.) | (a) | 5.000% | 10/15/2026 | 300,000 | 314,250 |
IQVIA, Inc. (Life Sciences Tools & Svs.) | (a) | 5.000% | 05/15/2027 | 300,000 | 318,907 |
Jaguar Holding Co. II / PPD Development LP (Health Care Providers & Svs.) | (a) | 4.625% | 06/15/2025 | 275,000 | 290,018 |
Jaguar Holding Co. II / PPD Development LP (Health Care Providers & Svs.) | (a) | 5.000% | 06/15/2028 | 200,000 | 213,500 |
Legacy LifePoint Health LLC (Health Care Providers & Svs.) | (a) | 6.750% | 04/15/2025 | 250,000 | 268,452 |
Legacy LifePoint Health LLC (Health Care Providers & Svs.) | (a) | 4.375% | 02/15/2027 | 125,000 | 126,875 |
Legacy LifePoint Health LLC (Health Care Providers & Svs.) | (a) | 5.375% | 01/15/2029 | 25,000 | 24,983 |
Mallinckrodt International Finance S.A. / Mallinckrodt CB LLC (Acquired 10/04/2016 through 07/09/2018, Cost $1,210,062) (Pharmaceuticals) | (a)(b) | 5.625% | 10/15/2023 | 1,275,000 | 439,875 |
Mallinckrodt International Finance S.A. / Mallinckrodt CB LLC (Acquired 05/05/2016 through 09/24/2018, Cost $354,937) (Pharmaceuticals) | (a)(b) | 5.500% | 04/15/2025 | 400,000 | 138,000 |
MEDNAX, Inc. (Health Care Providers & Svs.) | (a) | 6.250% | 01/15/2027 | 325,000 | 348,549 |
Molina Healthcare, Inc. (Health Care Providers & Svs.) | (a) | 3.875% | 11/15/2030 | 75,000 | 80,438 |
MPH Acquisition Holdings LLC (Health Care Providers & Svs.) | (a) | 5.750% | 11/01/2028 | 700,000 | 684,250 |
Ohio National Fund, Inc. | ON Federated High Income Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Health Care (continued) | |||||
Prestige Brands, Inc. (Pharmaceuticals) | (a) | 6.375% | 03/01/2024 | $1,150,000 | $ 1,175,875 |
RegionalCare Hospital Partners Holdings, Inc. / LifePoint Health, Inc. (Health Care Providers & Svs.) | (a) | 9.750% | 12/01/2026 | 650,000 | 716,625 |
Syneos Health, Inc. (Life Sciences Tools & Svs.) | (a) | 3.625% | 01/15/2029 | 125,000 | 125,346 |
Team Health Holdings, Inc. (Health Care Providers & Svs.) | (a) | 6.375% | 02/01/2025 | 550,000 | 473,000 |
Teleflex, Inc. (Health Care Equip. & Supplies) | 4.625% | 11/15/2027 | 175,000 | 188,074 | |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | 6.750% | 06/15/2023 | 450,000 | 484,110 | |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | 4.625% | 07/15/2024 | 125,000 | 128,128 | |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | 5.125% | 05/01/2025 | 525,000 | 535,232 | |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | 7.000% | 08/01/2025 | 375,000 | 387,619 | |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | (a) | 4.875% | 01/01/2026 | 300,000 | 313,833 |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | (a) | 5.125% | 11/01/2027 | 425,000 | 449,969 |
Vizient, Inc. (Health Care Providers & Svs.) | (a) | 6.250% | 05/15/2027 | 150,000 | 161,250 |
West Street Merger Sub, Inc. (Life Sciences Tools & Svs.) | (a) | 6.375% | 09/01/2025 | 925,000 | 948,125 |
22,559,477 | |||||
Industrials–10.1% | |||||
Allied Universal Holdco LLC / Allied Universal Finance Corp. (Commercial Svs. & Supplies) | (a) | 6.625% | 07/15/2026 | 200,000 | 213,260 |
Allied Universal Holdco LLC / Allied Universal Finance Corp. (Commercial Svs. & Supplies) | (a) | 9.750% | 07/15/2027 | 1,400,000 | 1,526,000 |
American Builders & Contractors Supply Co., Inc. (Trading Companies & Distributors) | (a) | 5.875% | 05/15/2026 | 975,000 | 1,010,344 |
American Builders & Contractors Supply Co., Inc. (Trading Companies & Distributors) | (a) | 4.000% | 01/15/2028 | 50,000 | 51,750 |
Brink's Co. / The (Commercial Svs. & Supplies) | (a) | 5.500% | 07/15/2025 | 75,000 | 80,062 |
Core & Main LP (Commercial Svs. & Supplies) | (a) | 6.125% | 08/15/2025 | 850,000 | 878,687 |
Cornerstone Building Brands, Inc. (Building Products) | (a) | 8.000% | 04/15/2026 | 600,000 | 631,500 |
Cornerstone Building Brands, Inc. (Building Products) | (a) | 6.125% | 01/15/2029 | 150,000 | 159,375 |
CP Atlas Buyer, Inc. (Building Products) | (a) | 7.000% | 12/01/2028 | 75,000 | 77,813 |
Dun & Bradstreet Corp. / The (Professional Svs.) | (a) | 6.875% | 08/15/2026 | 135,000 | 145,125 |
Dun & Bradstreet Corp. / The (Professional Svs.) | (a) | 10.250% | 02/15/2027 | 615,000 | 693,412 |
Garda World Security Corp. (Commercial Svs. & Supplies) | (a) | 4.625% | 02/15/2027 | 175,000 | 176,750 |
H&E Equipment Services, Inc. (Trading Companies & Distributors) | (a) | 3.875% | 12/15/2028 | 375,000 | 377,824 |
Interface, Inc. (Commercial Svs. & Supplies) | (a) | 5.500% | 12/01/2028 | 50,000 | 52,625 |
KAR Auction Services, Inc. (Commercial Svs. & Supplies) | (a) | 5.125% | 06/01/2025 | 425,000 | 437,338 |
Nielsen Co. Luxembourg SARL / The (Professional Svs.) | (a) | 5.000% | 02/01/2025 | 150,000 | 153,937 |
Nielsen Finance LLC / Nielsen Finance Co. (Professional Svs.) | (a) | 5.000% | 04/15/2022 | 287,000 | 287,755 |
Nielsen Finance LLC / Nielsen Finance Co. (Professional Svs.) | (a) | 5.625% | 10/01/2028 | 100,000 | 108,655 |
Nielsen Finance LLC / Nielsen Finance Co. (Professional Svs.) | (a) | 5.875% | 10/01/2030 | 275,000 | 311,094 |
Sensata Technologies U.K. Financing Co. PLC (Electrical Equip.) | (a) | 6.250% | 02/15/2026 | 200,000 | 207,875 |
Sensata Technologies, Inc. (Electrical Equip.) | (a) | 4.375% | 02/15/2030 | 225,000 | 242,156 |
Sensata Technologies, Inc. (Electrical Equip.) | (a) | 3.750% | 02/15/2031 | 25,000 | 25,915 |
Standard Industries, Inc. (Building Products) | (a) | 5.000% | 02/15/2027 | 1,200,000 | 1,254,000 |
Stena International SA (Transportation Infrastructure) | (a) | 6.125% | 02/01/2025 | 275,000 | 271,562 |
Tempo Acquisition LLC / Tempo Acquisition Finance Corp. (Professional Svs.) | (a) | 6.750% | 06/01/2025 | 1,425,000 | 1,472,809 |
TransDigm U.K. Holdings PLC (Aerospace & Defense) | 6.875% | 05/15/2026 | 275,000 | 290,551 | |
TransDigm, Inc. (Aerospace & Defense) | 6.500% | 07/15/2024 | 325,000 | 330,759 | |
TransDigm, Inc. (Aerospace & Defense) | 6.500% | 05/15/2025 | 350,000 | 359,625 | |
TransDigm, Inc. (Aerospace & Defense) | (a) | 6.250% | 03/15/2026 | 575,000 | 612,375 |
TransDigm, Inc. (Aerospace & Defense) | 6.375% | 06/15/2026 | 850,000 | 879,750 | |
TransDigm, Inc. (Aerospace & Defense) | 5.500% | 11/15/2027 | 100,000 | 105,130 | |
Trident TPI Holdings, Inc. (Machinery) | (a) | 9.250% | 08/01/2024 | 175,000 | 186,375 |
Trident TPI Holdings, Inc. (Machinery) | (a) | 6.625% | 11/01/2025 | 700,000 | 710,500 |
United Rentals North America, Inc. (Trading Companies & Distributors) | 5.875% | 09/15/2026 | 100,000 | 105,870 | |
United Rentals North America, Inc. (Trading Companies & Distributors) | 5.500% | 05/15/2027 | 50,000 | 53,563 | |
United Rentals North America, Inc. (Trading Companies & Distributors) | 3.875% | 11/15/2027 | 100,000 | 104,750 | |
United Rentals North America, Inc. (Trading Companies & Distributors) | 4.875% | 01/15/2028 | 325,000 | 346,125 | |
United Rentals North America, Inc. (Trading Companies & Distributors) | 5.250% | 01/15/2030 | 100,000 | 111,000 | |
United Rentals North America, Inc. (Trading Companies & Distributors) | 3.875% | 02/15/2031 | 50,000 | 52,453 | |
Vertical Holdco GmbH (Building Products) | (a) | 7.625% | 07/15/2028 | 250,000 | ��� 272,500 |
Vertical U.S. Newco, Inc. (Building Products) | (a) | 5.250% | 07/15/2027 | 325,000 | 344,500 |
Watco Cos. LLC / Watco Finance Corp. (Road & Rail) | (a) | 6.500% | 06/15/2027 | 300,000 | 324,750 |
WESCO Distribution, Inc. (Trading Companies & Distributors) | 5.375% | 12/15/2021 | 350,000 | 350,210 | |
WESCO Distribution, Inc. (Trading Companies & Distributors) | 5.375% | 06/15/2024 | 550,000 | 563,750 | |
WESCO Distribution, Inc. (Trading Companies & Distributors) | (a) | 7.125% | 06/15/2025 | 100,000 | 109,983 |
WESCO Distribution, Inc. (Trading Companies & Distributors) | (a) | 7.250% | 06/15/2028 | 225,000 | 255,890 |
White Cap Buyer LLC (Building Products) | (a) | 6.875% | 10/15/2028 | 325,000 | 346,531 |
17,664,563 | |||||
Information Technology–4.6% | |||||
ams AG (Semiconductors & Equip.) | (a) | 7.000% | 07/31/2025 | 375,000 | 406,875 |
Banff Merger Sub, Inc. (IT Svs.) | (a) | 9.750% | 09/01/2026 | 150,000 | 161,973 |
Black Knight InfoServ LLC (IT Svs.) | (a) | 3.625% | 09/01/2028 | 200,000 | 204,750 |
Booz Allen Hamilton, Inc. (IT Svs.) | (a) | 3.875% | 09/01/2028 | 75,000 | 77,250 |
Ohio National Fund, Inc. | ON Federated High Income Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Information Technology (continued) | |||||
BY Crown Parent LLC (Software) | (a) | 7.375% | 10/15/2024 | $1,025,000 | $ 1,042,937 |
BY Crown Parent LLC / BY Bond Finance, Inc. (Software) | (a) | 4.250% | 01/31/2026 | 25,000 | 25,625 |
CDW LLC / CDW Finance Corp. (Electronic Equip., Instr. & Comp.) | 3.250% | 02/15/2029 | 225,000 | 229,433 | |
Dell International LLC / EMC Corp. (Computers & Peripherals) | (a) | 7.125% | 06/15/2024 | 950,000 | 985,269 |
Diebold Nixdorf, Inc. (Tech. Hardware, Storage & Periph.) | (a) | 9.375% | 07/15/2025 | 50,000 | 56,000 |
Gartner, Inc. (IT Svs.) | (a) | 4.500% | 07/01/2028 | 50,000 | 52,750 |
Gartner, Inc. (IT Svs.) | (a) | 3.750% | 10/01/2030 | 125,000 | 131,250 |
Go Daddy Operating Co. LLC / GD Finance Co., Inc. (IT Svs.) | (a) | 5.250% | 12/01/2027 | 150,000 | 157,875 |
Logan Merger Sub, Inc. (Software) | (a) | 5.500% | 09/01/2027 | 350,000 | 366,625 |
NCR Corp. (Tech. Hardware, Storage & Periph.) | (a) | 8.125% | 04/15/2025 | 25,000 | 27,841 |
NCR Corp. (Tech. Hardware, Storage & Periph.) | (a) | 5.750% | 09/01/2027 | 275,000 | 292,187 |
NCR Corp. (Tech. Hardware, Storage & Periph.) | (a) | 5.000% | 10/01/2028 | 225,000 | 237,375 |
NCR Corp. (Tech. Hardware, Storage & Periph.) | (a) | 6.125% | 09/01/2029 | 50,000 | 55,375 |
NCR Corp. (Tech. Hardware, Storage & Periph.) | (a) | 5.250% | 10/01/2030 | 350,000 | 375,375 |
ON Semiconductor Corp. (Semiconductors & Equip.) | (a) | 3.875% | 09/01/2028 | 150,000 | 154,875 |
PTC, Inc. (Software) | (a) | 3.625% | 02/15/2025 | 25,000 | 25,701 |
PTC, Inc. (Software) | (a) | 4.000% | 02/15/2028 | 125,000 | 131,016 |
Qorvo, Inc. (Semiconductors & Equip.) | 4.375% | 10/15/2029 | 250,000 | 275,055 | |
Qorvo, Inc. (Semiconductors & Equip.) | (a) | 3.375% | 04/01/2031 | 125,000 | 129,063 |
Science Applications International Corp. (IT Svs.) | (a) | 4.875% | 04/01/2028 | 75,000 | 79,500 |
Seagate HDD Cayman (Tech. Hardware, Storage & Periph.) | (a) | 3.125% | 07/15/2029 | 300,000 | 300,033 |
Seagate HDD Cayman (Tech. Hardware, Storage & Periph.) | (a) | 3.375% | 07/15/2031 | 250,000 | 251,353 |
SS&C Technologies, Inc. (Software) | (a) | 5.500% | 09/30/2027 | 775,000 | 827,715 |
TTM Technologies, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 5.625% | 10/01/2025 | 400,000 | 409,500 |
Veritas U.S., Inc. / Veritas Bermuda Ltd. (Software) | (a) | 7.500% | 09/01/2025 | 550,000 | 564,437 |
8,035,013 | |||||
Materials–9.3% | |||||
ARD Finance SA (Containers & Packaging) | (a)(c) | 6.500%, 7.250% PIK | 06/30/2027 | 1,200,000 | 1,281,000 |
Ardagh Packaging Finance PLC / Ardagh Holdings U.S.A., Inc. (Containers & Packaging) | (a) | 6.000% | 02/15/2025 | 200,000 | 207,250 |
Ardagh Packaging Finance PLC / Ardagh Holdings U.S.A., Inc. (Containers & Packaging) | (a) | 5.250% | 08/15/2027 | 275,000 | 288,698 |
Ardagh Packaging Finance PLC / Ardagh Holdings U.S.A., Inc. (Containers & Packaging) | (a) | 5.250% | 08/15/2027 | 200,000 | 209,962 |
Axalta Coating Systems LLC (Chemicals) | (a) | 3.375% | 02/15/2029 | 150,000 | 150,000 |
Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B B.V. (Chemicals) | (a) | 4.750% | 06/15/2027 | 150,000 | 159,563 |
Ball Corp. (Containers & Packaging) | 2.875% | 08/15/2030 | 425,000 | 423,937 | |
Berry Global, Inc. (Containers & Packaging) | (a) | 4.875% | 07/15/2026 | 375,000 | 402,821 |
Berry Global, Inc. (Containers & Packaging) | (a) | 5.625% | 07/15/2027 | 275,000 | 295,711 |
Clearwater Paper Corp. (Paper & Forest Products) | (a) | 5.375% | 02/01/2025 | 775,000 | 839,906 |
Coeur Mining, Inc. (Metals & Mining) | 5.875% | 06/01/2024 | 500,000 | 503,750 | |
Compass Minerals International, Inc. (Metals & Mining) | (a) | 4.875% | 07/15/2024 | 900,000 | 933,750 |
Compass Minerals International, Inc. (Metals & Mining) | (a) | 6.750% | 12/01/2027 | 50,000 | 54,206 |
Crown Americas LLC / Crown Americas Capital Corp. VI (Containers & Packaging) | 4.750% | 02/01/2026 | 275,000 | 285,312 | |
Element Solutions, Inc. (Chemicals) | (a) | 3.875% | 09/01/2028 | 300,000 | 308,625 |
Flex Acquisition Co., Inc. (Containers & Packaging) | (a) | 6.875% | 01/15/2025 | 1,075,000 | 1,091,125 |
Flex Acquisition Co., Inc. (Containers & Packaging) | (a) | 7.875% | 07/15/2026 | 675,000 | 709,303 |
Freeport-McMoRan, Inc. (Metals & Mining) | 5.000% | 09/01/2027 | 175,000 | 185,938 | |
Freeport-McMoRan, Inc. (Metals & Mining) | 4.125% | 03/01/2028 | 175,000 | 183,531 | |
Freeport-McMoRan, Inc. (Metals & Mining) | 4.375% | 08/01/2028 | 175,000 | 185,938 | |
Freeport-McMoRan, Inc. (Metals & Mining) | 5.250% | 09/01/2029 | 125,000 | 139,063 | |
Freeport-McMoRan, Inc. (Metals & Mining) | 4.625% | 08/01/2030 | 150,000 | 164,625 | |
Freeport-McMoRan, Inc. (Metals & Mining) | 5.400% | 11/14/2034 | 225,000 | 281,531 | |
Graphic Packaging International LLC (Containers & Packaging) | (a) | 4.750% | 07/15/2027 | 150,000 | 166,125 |
Graphic Packaging International LLC (Containers & Packaging) | (a) | 3.500% | 03/15/2028 | 100,000 | 103,625 |
Graphic Packaging International LLC (Containers & Packaging) | (a) | 3.500% | 03/01/2029 | 100,000 | 102,250 |
HB Fuller Co. (Chemicals) | 4.250% | 10/15/2028 | 125,000 | 128,125 | |
Hexion, Inc. (Chemicals) | (a) | 7.875% | 07/15/2027 | 500,000 | 535,000 |
Illuminate Buyer LLC / Illuminate Holdings IV, Inc. (Chemicals) | (a) | 9.000% | 07/01/2028 | 100,000 | 110,000 |
Koppers, Inc. (Chemicals) | (a) | 6.000% | 02/15/2025 | 900,000 | 927,000 |
Mauser Packaging Solutions Holding Co. (Containers & Packaging) | (a) | 5.500% | 04/15/2024 | 300,000 | 305,919 |
Mauser Packaging Solutions Holding Co. (Containers & Packaging) | (a) | 7.250% | 04/15/2025 | 775,000 | 782,750 |
Nouryon Holding B.V. (Chemicals) | (a) | 8.000% | 10/01/2026 | 800,000 | 850,000 |
Owens-Brockway Glass Container, Inc. (Containers & Packaging) | (a) | 5.875% | 08/15/2023 | 225,000 | 241,031 |
Owens-Brockway Glass Container, Inc. (Containers & Packaging) | (a) | 5.375% | 01/15/2025 | 175,000 | 188,563 |
Owens-Brockway Glass Container, Inc. (Containers & Packaging) | (a) | 6.375% | 08/15/2025 | 600,000 | 664,500 |
Owens-Brockway Glass Container, Inc. (Containers & Packaging) | (a) | 6.625% | 05/13/2027 | 50,000 | 54,125 |
PQ Corp. (Chemicals) | (a) | 5.750% | 12/15/2025 | 125,000 | 128,281 |
Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer S.A. (Containers & Packaging) | (a) | 4.000% | 10/15/2027 | 675,000 | 691,875 |
Sealed Air Corp. (Containers & Packaging) | (a) | 4.000% | 12/01/2027 | 175,000 | 186,813 |
Trivium Packaging Finance B.V. (Containers & Packaging) | (a) | 5.500% | 08/15/2026 | 200,000 | 211,500 |
Ohio National Fund, Inc. | ON Federated High Income Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Materials (continued) | |||||
Trivium Packaging Finance B.V. (Containers & Packaging) | (a) | 8.500% | 08/15/2027 | $ 475,000 | $ 520,125 |
W.R. Grace & Co-Conn (Chemicals) | (a) | 4.875% | 06/15/2027 | 175,000 | 185,591 |
16,368,743 | |||||
Real Estate–0.4% | |||||
VICI Properties LP / VICI Note Co., Inc. (Equity REIT) | (a) | 3.500% | 02/15/2025 | 25,000 | 25,569 |
VICI Properties LP / VICI Note Co., Inc. (Equity REIT) | (a) | 4.250% | 12/01/2026 | 225,000 | 233,359 |
VICI Properties LP / VICI Note Co., Inc. (Equity REIT) | (a) | 3.750% | 02/15/2027 | 50,000 | 51,125 |
VICI Properties LP / VICI Note Co., Inc. (Equity REIT) | (a) | 4.625% | 12/01/2029 | 275,000 | 294,250 |
VICI Properties LP / VICI Note Co., Inc. (Equity REIT) | (a) | 4.125% | 08/15/2030 | 100,000 | 105,563 |
709,866 | |||||
Utilities–3.5% | |||||
AmeriGas Partners LP / AmeriGas Finance Corp. (Gas Utilities) | 5.875% | 08/20/2026 | 725,000 | 815,625 | |
AmeriGas Partners LP / AmeriGas Finance Corp. (Gas Utilities) | 5.750% | 05/20/2027 | 100,000 | 113,769 | |
Calpine Corp. (Ind. Power & Renewable Elec.) | (a) | 5.250% | 06/01/2026 | 101,000 | 104,484 |
Calpine Corp. (Ind. Power & Renewable Elec.) | (a) | 4.500% | 02/15/2028 | 350,000 | 364,000 |
Calpine Corp. (Ind. Power & Renewable Elec.) | (a) | 4.625% | 02/01/2029 | 100,000 | 102,828 |
Calpine Corp. (Ind. Power & Renewable Elec.) | (a) | 5.000% | 02/01/2031 | 100,000 | 104,500 |
Calpine Corp. (Ind. Power & Renewable Elec.) | (a) | 3.750% | 03/01/2031 | 300,000 | 297,099 |
NRG Energy, Inc. (Electric Utilities) | 7.250% | 05/15/2026 | 750,000 | 791,250 | |
NRG Energy, Inc. (Electric Utilities) | 6.625% | 01/15/2027 | 250,000 | 264,010 | |
NRG Energy, Inc. (Electric Utilities) | (a) | 3.375% | 02/15/2029 | 25,000 | 25,595 |
NRG Energy, Inc. (Electric Utilities) | (a) | 3.625% | 02/15/2031 | 25,000 | 25,720 |
Pattern Energy Operations LP / Pattern Energy Operations, Inc. (Ind. Power & Renewable Elec.) | (a) | 4.500% | 08/15/2028 | 125,000 | 131,875 |
Suburban Propane Partners LP / Suburban Energy Finance Corp. (Gas Utilities) | 5.500% | 06/01/2024 | 425,000 | 434,031 | |
Suburban Propane Partners LP / Suburban Energy Finance Corp. (Gas Utilities) | 5.875% | 03/01/2027 | 600,000 | 627,000 | |
TerraForm Power Operating LLC (Ind. Power & Renewable Elec.) | (a) | 5.000% | 01/31/2028 | 875,000 | 983,194 |
Vistra Operations Co. LLC (Ind. Power & Renewable Elec.) | (a) | 5.500% | 09/01/2026 | 225,000 | 234,495 |
Vistra Operations Co. LLC (Ind. Power & Renewable Elec.) | (a) | 5.625% | 02/15/2027 | 400,000 | 425,456 |
Vistra Operations Co. LLC (Ind. Power & Renewable Elec.) | (a) | 5.000% | 07/31/2027 | 375,000 | 397,500 |
6,242,431 | |||||
Total Corporate Bonds (Cost $162,367,363) | $166,542,226 |
Common Stocks–0.6% | Shares | Value | |
Communication Services–0.1% | |||
iHeartMedia, Inc. Class A (Media) | (d) | 7,387 | $ 95,883 |
Consumer Discretionary–0.1% | |||
Party City Holdco, Inc. (Specialty Retail) | (d) | 27,131 | 166,858 |
Energy–0.3% | |||
Oasis Petroleum, Inc. (Oil, Gas & Consumable Fuels) | (d) | 7,730 | 286,474 |
Whiting Petroleum Corp. (Oil, Gas & Consumable Fuels) | (d) | 11,786 | 294,650 |
581,124 | |||
Materials–0.1% | |||
Hexion Holdings Corp. Class B (Chemicals) | (d) | 10,888 | 133,378 |
Total Common Stocks (Cost $2,164,680) | $ 977,243 |
Money Market Funds–1.5% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.097% | (e) | 2,631,720 | $ 2,632,247 |
Total Money Market Funds (Cost $2,632,239) | $ 2,632,247 | ||
Total Investments – 96.9% (Cost $167,164,282) | (f) | $170,151,716 | |
Other Assets in Excess of Liabilities – 3.1% | 5,458,133 | ||
Net Assets – 100.0% | $175,609,849 |
Ohio National Fund, Inc. | ON Federated High Income Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Percentages are stated as a percent of net assets. |
Abbreviations: | ||
PIK: | Payment-in-Kind | |
SL: | Semi-Annual U.S. LIBOR Rate, 0.258% at 12/31/2020 |
Footnotes: | ||
(a) | Security exempt from registration under Regulation D of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified buyers under Rule 144A. At December 31, 2020, the value of these securities totaled $115,973,420, or 66.0% of the Portfolio’s net assets. | |
(b) | Represents a security that is in default and deemed to be non-income producing. | |
(c) | Issuer of the security has the option to make coupon payments in cash or in additional par value of this bond (Payment-in-Kind). | |
(d) | Non-income producing security. | |
(e) | Rate represents the seven-day yield at December 31, 2020. | |
(f) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 8 of the Notes to Financial Statements. |
Ohio National Fund, Inc. | ON Nasdaq-100® Index Portfolio (Unaudited) |
Average Annual returns | |
One year | 48.32% |
Five years | 23.71% |
Ten years | 20.04% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2020. |
Ohio National Fund, Inc. | ON Nasdaq-100® Index Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2020 (1) | |
% of Net Assets | |
Common Stocks (4) | 100.2 |
Money Market Funds Less Net Liabilities | (0.2) |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2020 (1) (2) (3) | ||
% of Net Assets | ||
1. | Apple, Inc. | 12.3 |
2. | Microsoft Corp. | 9.1 |
3. | Amazon.com, Inc. | 8.9 |
4. | Tesla, Inc. | 4.5 |
5. | Facebook, Inc. Class A | 3.6 |
6. | Alphabet, Inc. Class C | 3.1 |
7. | Alphabet, Inc. Class A | 2.8 |
8. | NVIDIA Corp. | 2.7 |
9. | PayPal Holdings, Inc. | 2.3 |
10. | Adobe, Inc. | 2.0 |
(1) | Composition of Portfolio subject to change. | |
(2) | Short-term investments have been excluded from the list of Top 10 Portfolio Holdings. | |
(3) | Top 10 Portfolio Holdings is presented at an individual security level. Total investment exposure by issuer may be higher. | |
(4) | Sectors (Common Stocks): |
% of Net Assets | |
Information Technology | 48.0 |
Consumer Discretionary | 19.3 |
Communication Services | 18.4 |
Health Care | 6.4 |
Consumer Staples | 5.2 |
Industrials | 1.9 |
Utilities | 1.0 |
100.2 |
Ohio National Fund, Inc. | ON Nasdaq-100® Index Portfolio |
Schedule of Investments | December 31, 2020 |
Common Stocks–100.2% | Shares | Value | |
Communication Services–18.4% | |||
Activision Blizzard, Inc. (Entertainment) | 24,513 | $ 2,276,032 | |
Alphabet, Inc. Class A (Interactive Media & Svs.) | (a) | 6,266 | 10,982,042 |
Alphabet, Inc. Class C (Interactive Media & Svs.) | (a) | 6,875 | 12,044,175 |
Baidu, Inc. – ADR (Interactive Media & Svs.) | (a) | 8,759 | 1,894,046 |
Charter Communications, Inc. Class A (Media) | (a) | 6,340 | 4,194,227 |
Comcast Corp. Class A (Media) | 144,820 | 7,588,568 | |
Electronic Arts, Inc. (Entertainment) | 9,194 | 1,320,258 | |
Facebook, Inc. Class A (Interactive Media & Svs.) | (a) | 50,106 | 13,686,955 |
Fox Corp. Class A (Media) | 10,699 | 311,555 | |
Fox Corp. Class B (Media) | 8,147 | 235,285 | |
Match Group, Inc. (Interactive Media & Svs.) | (a) | 8,436 | 1,275,439 |
NetEase, Inc. – ADR (Entertainment) | 10,383 | 994,380 | |
Netflix, Inc. (Entertainment) | (a) | 14,013 | 7,577,250 |
Sirius XM Holdings, Inc. (Media) | 134,807 | 858,721 | |
T-Mobile U.S., Inc. (Wireless Telecom. Svs.) | (a) | 39,368 | 5,308,775 |
70,547,708 | |||
Consumer Discretionary–19.3% | |||
Amazon.com, Inc. (Internet & Direct Marketing Retail) | (a) | 10,458 | 34,060,974 |
Booking Holdings, Inc. (Internet & Direct Marketing Retail) | (a) | 1,299 | 2,893,224 |
Dollar Tree, Inc. (Multiline Retail) | (a) | 7,460 | 805,978 |
eBay, Inc. (Internet & Direct Marketing Retail) | 21,844 | 1,097,661 | |
JD.com, Inc. – ADR (Internet & Direct Marketing Retail) | (a) | 27,641 | 2,429,644 |
Lululemon Athletica, Inc. (Textiles, Apparel & Luxury Goods) | (a) | 3,962 | 1,378,895 |
Marriott International, Inc. Class A (Hotels, Restaurants & Leisure) | 10,288 | 1,357,193 | |
MercadoLibre, Inc. (Internet & Direct Marketing Retail) | (a) | 1,579 | 2,645,172 |
O'Reilly Automotive, Inc. (Specialty Retail) | (a) | 2,300 | 1,040,911 |
Peloton Interactive, Inc. Class A (Leisure Products) | (a) | 8,104 | 1,229,539 |
Pinduoduo, Inc. – ADR (Internet & Direct Marketing Retail) | (a) | 9,464 | 1,681,469 |
Ross Stores, Inc. (Specialty Retail) | 11,292 | 1,386,771 | |
Starbucks Corp. (Hotels, Restaurants & Leisure) | 37,226 | 3,982,437 | |
Tesla, Inc. (Automobiles) | (a) | 24,450 | 17,253,631 |
Trip.com Group Ltd. – ADR (Internet & Direct Marketing Retail) | (a) | 16,590 | 559,581 |
73,803,080 | |||
Consumer Staples–5.2% | |||
Costco Wholesale Corp. (Food & Staples Retailing) | 13,994 | 5,272,660 | |
Keurig Dr Pepper, Inc. (Beverages) | 44,635 | 1,428,320 | |
Kraft Heinz Co. / The (Food Products) | 38,782 | 1,344,184 | |
Mondelez International, Inc. Class A (Food Products) | 45,362 | 2,652,316 | |
Monster Beverage Corp. (Beverages) | (a) | 16,745 | 1,548,578 |
PepsiCo, Inc. (Beverages) | 43,831 | 6,500,137 | |
Walgreens Boots Alliance, Inc. (Food & Staples Retailing) | 27,467 | 1,095,384 | |
19,841,579 | |||
Health Care–6.4% | |||
Alexion Pharmaceuticals, Inc. (Biotechnology) | (a) | 6,942 | 1,084,618 |
Align Technology, Inc. (Health Care Equip. & Supplies) | (a) | 2,501 | 1,336,484 |
Amgen, Inc. (Biotechnology) | 18,465 | 4,245,473 | |
Biogen, Inc. (Biotechnology) | (a) | 4,880 | 1,194,917 |
Cerner Corp. (Health Care Technology) | 9,725 | 763,218 | |
DexCom, Inc. (Health Care Equip. & Supplies) | (a) | 3,046 | 1,126,167 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
Gilead Sciences, Inc. (Biotechnology) | 39,760 | $ 2,316,417 | |
IDEXX Laboratories, Inc. (Health Care Equip. & Supplies) | (a) | 2,706 | 1,352,648 |
Illumina, Inc. (Life Sciences Tools & Svs.) | (a) | 4,631 | 1,713,470 |
Incyte Corp. (Biotechnology) | (a) | 6,948 | 604,337 |
Intuitive Surgical, Inc. (Health Care Equip. & Supplies) | (a) | 3,729 | 3,050,695 |
Moderna, Inc. (Biotechnology) | (a) | 12,551 | 1,311,203 |
Regeneron Pharmaceuticals, Inc. (Biotechnology) | (a) | 3,326 | 1,606,824 |
Seagen, Inc. (Biotechnology) | (a) | 5,714 | 1,000,750 |
Vertex Pharmaceuticals, Inc. (Biotechnology) | (a) | 8,249 | 1,949,569 |
24,656,790 | |||
Industrials–1.9% | |||
Cintas Corp. (Commercial Svs. & Supplies) | 3,317 | 1,172,427 | |
Copart, Inc. (Commercial Svs. & Supplies) | (a) | 7,491 | 953,230 |
CSX Corp. (Road & Rail) | 24,258 | 2,201,413 | |
Fastenal Co. (Trading Companies & Distributors) | 18,209 | 889,145 | |
PACCAR, Inc. (Machinery) | 10,989 | 948,131 | |
Verisk Analytics, Inc. (Professional Svs.) | 5,157 | 1,070,542 | |
7,234,888 | |||
Information Technology–48.0% | |||
Adobe, Inc. (Software) | (a) | 15,216 | 7,609,826 |
Advanced Micro Devices, Inc. (Semiconductors & Equip.) | (a) | 38,147 | 3,498,461 |
Analog Devices, Inc. (Semiconductors & Equip.) | 11,721 | 1,731,543 | |
ANSYS, Inc. (Software) | (a) | 2,724 | 990,991 |
Apple, Inc. (Tech. Hardware, Storage & Periph.) | 354,369 | 47,021,223 | |
Applied Materials, Inc. (Semiconductors & Equip.) | 28,969 | 2,500,025 | |
ASML Holding N.V. (Semiconductors & Equip.) | 2,401 | 1,171,016 | |
Atlassian Corp. PLC Class A (Software) | (a) | 4,192 | 980,383 |
Autodesk, Inc. (Software) | (a) | 6,955 | 2,123,640 |
Automatic Data Processing, Inc. (IT Svs.) | 13,602 | 2,396,672 | |
Broadcom, Inc. (Semiconductors & Equip.) | 12,830 | 5,617,615 | |
Cadence Design Systems, Inc. (Software) | (a) | 8,843 | 1,206,450 |
CDW Corp. (Electronic Equip., Instr. & Comp.) | 4,536 | 597,799 | |
Check Point Software Technologies Ltd. (Software) | (a) | 4,447 | 591,051 |
Cisco Systems, Inc. (Communications Equip.) | 134,025 | 5,997,619 | |
Cognizant Technology Solutions Corp. Class A (IT Svs.) | 16,959 | 1,389,790 | |
DocuSign, Inc. (Software) | (a) | 5,873 | 1,305,568 |
Fiserv, Inc. (IT Svs.) | (a) | 21,266 | 2,421,347 |
Intel Corp. (Semiconductors & Equip.) | 129,979 | 6,475,554 | |
Intuit, Inc. (Software) | 8,334 | 3,165,670 | |
KLA-Tencor Corp. (Semiconductors & Equip.) | 4,900 | 1,268,659 | |
Lam Research Corp. (Semiconductors & Equip.) | 4,568 | 2,157,329 | |
Marvell Technology Group Ltd. (Semiconductors & Equip.) | 21,258 | 1,010,605 | |
Maxim Integrated Products, Inc. (Semiconductors & Equip.) | 8,480 | 751,752 | |
Microchip Technology, Inc. (Semiconductors & Equip.) | 8,252 | 1,139,684 | |
Micron Technology, Inc. (Semiconductors & Equip.) | (a) | 35,310 | 2,654,606 |
Microsoft Corp. (Software) | 157,584 | 35,049,833 | |
NVIDIA Corp. (Semiconductors & Equip.) | 19,633 | 10,252,353 | |
NXP Semiconductors N.V. (Semiconductors & Equip.) | 8,874 | 1,411,055 | |
Okta, Inc. (IT Svs.) | (a) | 3,805 | 967,459 |
Paychex, Inc. (IT Svs.) | 11,389 | 1,061,227 | |
PayPal Holdings, Inc. (IT Svs.) | (a) | 37,163 | 8,703,575 |
Ohio National Fund, Inc. | ON Nasdaq-100® Index Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Information Technology (continued) | |||
QUALCOMM, Inc. (Semiconductors & Equip.) | 35,873 | $ 5,464,893 | |
Skyworks Solutions, Inc. (Semiconductors & Equip.) | 5,269 | 805,525 | |
Splunk, Inc. (Software) | (a) | 5,088 | 864,400 |
Synopsys, Inc. (Software) | (a) | 4,813 | 1,247,722 |
Texas Instruments, Inc. (Semiconductors & Equip.) | 29,116 | 4,778,809 | |
VeriSign, Inc. (IT Svs.) | (a) | 3,619 | 783,152 |
Workday, Inc. Class A (Software) | (a) | 5,709 | 1,367,933 |
Xilinx, Inc. (Semiconductors & Equip.) | 7,768 | 1,101,269 | |
Zoom Video Communications, Inc. Class A (Software) | (a) | 6,177 | 2,083,626 |
183,717,709 | |||
Utilities–1.0% | |||
American Electric Power Co., Inc. (Electric Utilities) | 15,749 | 1,311,419 |
Common Stocks (Continued) | Shares | Value | |
Utilities (continued) | |||
Exelon Corp. (Electric Utilities) | 30,952 | $ 1,306,793 | |
Xcel Energy, Inc. (Electric Utilities) | 16,647 | 1,109,856 | |
3,728,068 | |||
Total Common Stocks (Cost $221,556,646) | $383,529,822 |
Money Market Funds–0.4% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.097% | (b) | 1,616,629 | $ 1,616,953 |
Total Money Market Funds (Cost $1,616,953) | ���$ 1,616,953 | ||
Total Investments – 100.6% (Cost $223,173,599) | (c) | $385,146,775 | |
Liabilities in Excess of Other Assets – (0.6)% | (d) | (2,134,104) | |
Net Assets – 100.0% | $383,012,671 |
Percentages are stated as a percent of net assets. |
Abbreviations: | ||
ADR: | American Depositary Receipts |
Footnotes: | ||
(a) | Non-income producing security. | |
(b) | Rate represents the seven-day yield at December 31, 2020. | |
(c) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 8 of the Notes to Financial Statements. | |
(d) | Includes $128,000 of cash pledged as collateral for the futures contracts outstanding at December 31, 2020. See also the following Schedule of Open Futures Contracts. |
Schedule of Open Futures Contracts | December 31, 2020 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
CME E-mini Nasdaq-100 Index - Long | 8 | March 19, 2021 | $2,051,601 | $2,061,680 | $10,079 | $4,168 |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Core Portfolio (Unaudited) |
Average Annual returns | |
One year | 17.55% |
Five years | 12.62% |
Ten years | 12.29% |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Core Portfolio (Unaudited) (Continued) |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2020. |
Portfolio Composition as of December 31, 2020 (1) | |
% of Net Assets | |
Common Stocks (4) | 97.1 |
Rights (4) | 0.0 |
Money Market Funds and Other Net Assets | 2.9 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2020 (1) (2) (3) | ||
% of Net Assets | ||
1. | Apple, Inc. | 5.8 |
2. | Microsoft Corp. | 4.9 |
3. | Amazon.com, Inc. | 4.5 |
4. | Alphabet, Inc. Class A | 2.3 |
5. | NVIDIA Corp. | 2.0 |
6. | Tesla, Inc. | 1.9 |
7. | JPMorgan Chase & Co. | 1.8 |
8. | Home Depot, Inc. / The | 1.7 |
9. | Walt Disney Co. / The | 1.7 |
10. | Adobe, Inc. | 1.6 |
(1) | Composition of Portfolio subject to change. | |
(2) | Short-term investments have been excluded from the list of Top 10 Portfolio Holdings. | |
(3) | Top 10 Portfolio Holdings is presented at an individual security level. Total investment exposure by issuer may be higher. | |
(4) | Sectors (Common Stocks, Rights): |
% of Net Assets | |
Information Technology | 27.3 |
Health Care | 12.6 |
Consumer Discretionary | 11.9 |
Financials | 10.6 |
Communication Services | 10.0 |
Industrials | 8.2 |
Consumer Staples | 6.7 |
Utilities | 3.2 |
Real Estate | 2.8 |
Materials | 2.0 |
Energy | 1.8 |
97.1 |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Core Portfolio |
Schedule of Investments | December 31, 2020 |
Common Stocks–97.1% | Shares | Value | |
Communication Services–10.0% | |||
Activision Blizzard, Inc. (Entertainment) | 11,217 | $ 1,041,498 | |
Alphabet, Inc. Class A (Interactive Media & Svs.) | (a) | 5,541 | 9,711,378 |
Alphabet, Inc. Class C (Interactive Media & Svs.) | (a) | 3,724 | 6,524,001 |
AT&T, Inc. (Diversified Telecom. Svs.) | 35,449 | 1,019,513 | |
Comcast Corp. Class A (Media) | 47,694 | 2,499,166 | |
Discovery, Inc. Class A (Media) | (a) | 45,191 | 1,359,797 |
Discovery, Inc. Class C (Media) | (a) | 4,141 | 108,453 |
Facebook, Inc. Class A (Interactive Media & Svs.) | (a) | 22,391 | 6,116,326 |
Netflix, Inc. (Entertainment) | (a) | 4,664 | 2,521,965 |
Sirius XM Holdings, Inc. (Media) | 207,853 | 1,324,024 | |
Twitter, Inc. (Interactive Media & Svs.) | (a) | 11,344 | 614,278 |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 16,826 | 988,527 | |
ViacomCBS, Inc. Class A (Media) | 2,540 | 96,063 | |
Walt Disney Co. / The (Entertainment) | (a) | 38,271 | 6,933,940 |
Warner Music Group Corp. Class A (Entertainment) | 10,174 | 386,510 | |
World Wrestling Entertainment, Inc. Class A (Entertainment) | 2,091 | 100,473 | |
Zynga, Inc. Class A (Entertainment) | (a) | 39,958 | 394,385 |
41,740,297 | |||
Consumer Discretionary–11.9% | |||
Amazon.com, Inc. (Internet & Direct Marketing Retail) | (a) | 5,767 | 18,782,715 |
Aptiv PLC (Auto Components) | 10,912 | 1,421,725 | |
Booking Holdings, Inc. (Internet & Direct Marketing Retail) | (a) | 196 | 436,545 |
BorgWarner, Inc. (Auto Components) | 5,839 | 225,619 | |
Bright Horizons Family Solutions, Inc. (Diversified Consumer Svs.) | (a) | 866 | 149,809 |
Chipotle Mexican Grill, Inc. (Hotels, Restaurants & Leisure) | (a) | 428 | 593,512 |
DraftKings, Inc. Class A (Hotels, Restaurants & Leisure) | (a) | 2,974 | 138,469 |
Etsy, Inc. (Internet & Direct Marketing Retail) | (a) | 572 | 101,765 |
Home Depot, Inc. / The (Specialty Retail) | 26,409 | 7,014,759 | |
Lowe's Cos., Inc. (Specialty Retail) | 2,563 | 411,387 | |
McDonald's Corp. (Hotels, Restaurants & Leisure) | 13,061 | 2,802,629 | |
NIKE, Inc. Class B (Textiles, Apparel & Luxury Goods) | 20,686 | 2,926,448 | |
Nordstrom, Inc. (Multiline Retail) | 14,649 | 457,195 | |
Planet Fitness, Inc. Class A (Hotels, Restaurants & Leisure) | (a) | 8,855 | 687,414 |
Pool Corp. (Distributors) | 732 | 272,670 | |
Ralph Lauren Corp. (Textiles, Apparel & Luxury Goods) | 5,425 | 562,790 | |
Starbucks Corp. (Hotels, Restaurants & Leisure) | 17,986 | 1,924,142 | |
Target Corp. (Multiline Retail) | 2,829 | 499,403 | |
Tesla, Inc. (Automobiles) | (a) | 11,391 | 8,038,287 |
TJX Cos., Inc. / The (Specialty Retail) | 9,769 | 667,125 | |
Wayfair, Inc. Class A (Internet & Direct Marketing Retail) | (a) | 132 | 29,807 |
Wendy's Co. / The (Hotels, Restaurants & Leisure) | 14,123 | 309,576 | |
Wyndham Destinations, Inc. (Hotels, Restaurants & Leisure) | 25,632 | 1,149,852 | |
Wyndham Hotels & Resorts, Inc. (Hotels, Restaurants & Leisure) | 1,765 | 104,912 | |
Wynn Resorts Ltd. (Hotels, Restaurants & Leisure) | 421 | 47,501 | |
49,756,056 |
Common Stocks (Continued) | Shares | Value | |
Consumer Staples–6.7% | |||
Brown-Forman Corp. Class B (Beverages) | 8,404 | $ 667,530 | |
Clorox Co. / The (Household Products) | 14,122 | 2,851,514 | |
Coca-Cola Co. / The (Beverages) | 60,283 | 3,305,920 | |
Colgate-Palmolive Co. (Household Products) | 49,361 | 4,220,859 | |
Costco Wholesale Corp. (Food & Staples Retailing) | 14,848 | 5,594,429 | |
Estee Lauder Cos., Inc. / The Class A (Personal Products) | 7,709 | 2,052,059 | |
General Mills, Inc. (Food Products) | 26,456 | 1,555,613 | |
Hershey Co. / The (Food Products) | 20,122 | 3,065,184 | |
Kellogg Co. (Food Products) | 3,494 | 217,432 | |
McCormick & Co., Inc. (Food Products) | 17,322 | 1,655,983 | |
PepsiCo, Inc. (Beverages) | 13,186 | 1,955,484 | |
Procter & Gamble Co. / The (Household Products) | 2,310 | 321,413 | |
Walmart, Inc. (Food & Staples Retailing) | 5,083 | 732,714 | |
28,196,134 | |||
Energy–1.8% | |||
Cheniere Energy, Inc. (Oil, Gas & Consumable Fuels) | (a) | 5,487 | 329,384 |
Chevron Corp. (Oil, Gas & Consumable Fuels) | 3,237 | 273,365 | |
EOG Resources, Inc. (Oil, Gas & Consumable Fuels) | 24,100 | 1,201,867 | |
Exxon Mobil Corp. (Oil, Gas & Consumable Fuels) | 5,613 | 231,368 | |
Phillips 66 (Oil, Gas & Consumable Fuels) | 38,794 | 2,713,252 | |
Schlumberger N.V. (Energy Equip. & Svs.) | 87,978 | 1,920,560 | |
TechnipFMC PLC (Energy Equip. & Svs.) | 44,448 | 417,811 | |
Valero Energy Corp. (Oil, Gas & Consumable Fuels) | 6,952 | 393,275 | |
7,480,882 | |||
Financials–10.6% | |||
Aflac, Inc. (Insurance) | 23,433 | 1,042,065 | |
Ally Financial, Inc. (Consumer Finance) | 2,207 | 78,702 | |
American Express Co. (Consumer Finance) | 24,920 | 3,013,077 | |
Arch Capital Group Ltd. (Insurance) | (a) | 1,943 | 70,084 |
Athene Holding Ltd. Class A (Insurance) | (a) | 18,051 | 778,720 |
Bank of America Corp. (Banks) | 133,279 | 4,039,686 | |
Bank of Hawaii Corp. (Banks) | 1,996 | 152,933 | |
Bank of New York Mellon Corp. / The (Capital Markets) | 7,492 | 317,960 | |
Berkshire Hathaway, Inc. Class B (Diversified Financial Svs.) | (a) | 5,516 | 1,278,995 |
CBOE Global Markets, Inc. (Capital Markets) | 3,938 | 366,707 | |
Charles Schwab Corp. / The (Capital Markets) | 12,177 | 645,868 | |
Citigroup, Inc. (Banks) | 15,215 | 938,157 | |
CME Group, Inc. (Capital Markets) | 8,871 | 1,614,965 | |
Cullen / Frost Bankers, Inc. (Banks) | 1,949 | 170,011 | |
Essent Group Ltd. (Thrifts & Mortgage Finance) | 4,272 | 184,550 | |
FactSet Research Systems, Inc. (Capital Markets) | 2,708 | 900,410 | |
First American Financial Corp. (Insurance) | 17,284 | 892,373 | |
First Horizon Corp. (Banks) | 41,280 | 526,733 | |
JPMorgan Chase & Co. (Banks) | 59,181 | 7,520,130 | |
Marsh & McLennan Cos., Inc. (Insurance) | 17,035 | 1,993,095 | |
MGIC Investment Corp. (Thrifts & Mortgage Finance) | 18,976 | 238,149 | |
Moody's Corp. (Capital Markets) | 11,986 | 3,478,817 | |
Morgan Stanley (Capital Markets) | 49,341 | 3,381,339 | |
New York Community Bancorp, Inc. (Thrifts & Mortgage Finance) | 104,828 | 1,105,935 | |
Pinnacle Financial Partners, Inc. (Banks) | 5,325 | 342,930 |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Core Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Financials (continued) | |||
PNC Financial Services Group, Inc. / The (Banks) | 629 | $ 93,721 | |
Progressive Corp. / The (Insurance) | 9,935 | 982,373 | |
Radian Group, Inc. (Thrifts & Mortgage Finance) | 7,984 | 161,676 | |
Rocket Cos., Inc. Class A (Thrifts & Mortgage Finance) | (a) | 43,512 | 879,813 |
S&P Global, Inc. (Capital Markets) | 3,035 | 997,696 | |
SVB Financial Group (Banks) | (a) | 125 | 48,479 |
T. Rowe Price Group, Inc. (Capital Markets) | 3,717 | 562,717 | |
Travelers Cos., Inc. / The (Insurance) | 7,409 | 1,040,001 | |
Truist Financial Corp. (Banks) | 7,368 | 353,148 | |
U.S. Bancorp (Banks) | 11,536 | 537,462 | |
Wells Fargo & Co. (Banks) | 102,698 | 3,099,426 | |
Willis Towers Watson PLC (Insurance) | 1,654 | 348,465 | |
Wintrust Financial Corp. (Banks) | 1,000 | 61,090 | |
44,238,458 | |||
Health Care–12.6% | |||
AbbVie, Inc. (Biotechnology) | 22,650 | 2,426,947 | |
Agilent Technologies, Inc. (Life Sciences Tools & Svs.) | 12,607 | 1,493,803 | |
Alexion Pharmaceuticals, Inc. (Biotechnology) | (a) | 413 | 64,527 |
Align Technology, Inc. (Health Care Equip. & Supplies) | (a) | 595 | 317,956 |
Amgen, Inc. (Biotechnology) | 11,611 | 2,669,601 | |
Anthem, Inc. (Health Care Providers & Svs.) | 6,256 | 2,008,739 | |
Becton Dickinson and Co. (Health Care Equip. & Supplies) | 1,653 | 413,614 | |
Biogen, Inc. (Biotechnology) | (a) | 2,474 | 605,784 |
Boston Scientific Corp. (Health Care Equip. & Supplies) | (a) | 17,927 | 644,476 |
Bristol-Myers Squibb Co. (Pharmaceuticals) | 73,251 | 4,543,760 | |
Cardinal Health, Inc. (Health Care Providers & Svs.) | 18,971 | 1,016,087 | |
Catalent, Inc. (Pharmaceuticals) | (a) | 2,238 | 232,909 |
Cerner Corp. (Health Care Technology) | 4,356 | 341,859 | |
Cigna Corp. (Health Care Providers & Svs.) | 3,027 | 630,161 | |
Danaher Corp. (Health Care Equip. & Supplies) | 6,626 | 1,471,900 | |
DexCom, Inc. (Health Care Equip. & Supplies) | (a) | 3,190 | 1,179,407 |
Edwards Lifesciences Corp. (Health Care Equip. & Supplies) | (a) | 29,932 | 2,730,696 |
Eli Lilly & Co. (Pharmaceuticals) | 2,195 | 370,604 | |
Gilead Sciences, Inc. (Biotechnology) | 29,392 | 1,712,378 | |
Global Blood Therapeutics, Inc. (Biotechnology) | (a) | 1,185 | 51,322 |
Henry Schein, Inc. (Health Care Providers & Svs.) | (a) | 16,867 | 1,127,728 |
IDEXX Laboratories, Inc. (Health Care Equip. & Supplies) | (a) | 3,182 | 1,590,586 |
Johnson & Johnson (Pharmaceuticals) | 34,755 | 5,469,742 | |
McKesson Corp. (Health Care Providers & Svs.) | 8,874 | 1,543,366 | |
Medtronic PLC (Health Care Equip. & Supplies) | 14,166 | 1,659,405 | |
Merck & Co., Inc. (Pharmaceuticals) | 23,945 | 1,958,701 | |
Pfizer, Inc. (Pharmaceuticals) | 71,393 | 2,627,976 | |
Regeneron Pharmaceuticals, Inc. (Biotechnology) | (a) | 1,335 | 644,952 |
Stryker Corp. (Health Care Equip. & Supplies) | 7,377 | 1,807,660 | |
Thermo Fisher Scientific, Inc. (Life Sciences Tools & Svs.) | 3,178 | 1,480,249 | |
UnitedHealth Group, Inc. (Health Care Providers & Svs.) | 12,930 | 4,534,292 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
Vertex Pharmaceuticals, Inc. (Biotechnology) | (a) | 5,677 | $ 1,341,702 |
Zoetis, Inc. (Pharmaceuticals) | 11,724 | 1,940,322 | |
52,653,211 | |||
Industrials–8.2% | |||
3M Co. (Industrial Conglomerates) | 12,700 | 2,219,833 | |
Alaska Air Group, Inc. (Airlines) | 13,041 | 678,132 | |
Allegion PLC (Building Products) | 11,329 | 1,318,469 | |
Boeing Co. / The (Aerospace & Defense) | 1,363 | 291,764 | |
C.H. Robinson Worldwide, Inc. (Air Freight & Logistics) | 3,649 | 342,532 | |
Cintas Corp. (Commercial Svs. & Supplies) | 1,631 | 576,493 | |
Copart, Inc. (Commercial Svs. & Supplies) | (a) | 7,704 | 980,334 |
CSX Corp. (Road & Rail) | 6,913 | 627,355 | |
Cummins, Inc. (Machinery) | 2,393 | 543,450 | |
Deere & Co. (Machinery) | 6,084 | 1,636,900 | |
Delta Air Lines, Inc. (Airlines) | 4,249 | 170,852 | |
EMCOR Group, Inc. (Construction & Engineering) | 4,736 | 433,155 | |
Equifax, Inc. (Professional Svs.) | 476 | 91,792 | |
Expeditors International of Washington, Inc. (Air Freight & Logistics) | 23,365 | 2,222,245 | |
Fastenal Co. (Trading Companies & Distributors) | 9,815 | 479,267 | |
GATX Corp. (Trading Companies & Distributors) | 580 | 48,244 | |
Honeywell International, Inc. (Industrial Conglomerates) | 22,672 | 4,822,334 | |
IHS Markit Ltd. (Professional Svs.) | 14,951 | 1,343,048 | |
Knight-Swift Transportation Holdings, Inc. (Road & Rail) | 2,487 | 104,006 | |
L3Harris Technologies, Inc. (Aerospace & Defense) | 1,852 | 350,065 | |
Landstar System, Inc. (Road & Rail) | 867 | 116,750 | |
Lennox International, Inc. (Building Products) | 4,745 | 1,299,988 | |
Lockheed Martin Corp. (Aerospace & Defense) | 10,629 | 3,773,082 | |
Lyft, Inc. Class A (Road & Rail) | (a) | 5,361 | 263,386 |
Macquarie Infrastructure Corp. (Transportation Infrastructure) | 2,606 | 97,855 | |
Masco Corp. (Building Products) | 1,656 | 90,964 | |
Northrop Grumman Corp. (Aerospace & Defense) | 4,866 | 1,482,768 | |
Oshkosh Corp. (Machinery) | 13,449 | 1,157,556 | |
Robert Half International, Inc. (Professional Svs.) | 7,358 | 459,728 | |
Rockwell Automation, Inc. (Electrical Equip.) | 2,998 | 751,928 | |
Roper Technologies, Inc. (Industrial Conglomerates) | 2,819 | 1,215,243 | |
Snap-on, Inc. (Machinery) | 4,240 | 725,634 | |
United Airlines Holdings, Inc. (Airlines) | (a) | 4,385 | 189,651 |
Verisk Analytics, Inc. (Professional Svs.) | 2,641 | 548,245 | |
W.W. Grainger, Inc. (Trading Companies & Distributors) | 1,872 | 764,413 | |
Xylem, Inc. (Machinery) | 21,258 | 2,163,852 | |
34,381,313 | |||
Information Technology–27.3% | |||
Accenture PLC Class A (IT Svs.) | 18,192 | 4,751,932 | |
Adobe, Inc. (Software) | (a) | 13,779 | 6,891,154 |
Advanced Micro Devices, Inc. (Semiconductors & Equip.) | (a) | 14,626 | 1,341,350 |
Allegro MicroSystems, Inc. (Semiconductors & Equip.) | (a) | 2,196 | 58,545 |
Analog Devices, Inc. (Semiconductors & Equip.) | 21,013 | 3,104,251 |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Core Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Information Technology (continued) | |||
Apple, Inc. (Tech. Hardware, Storage & Periph.) | 182,164 | $ 24,171,340 | |
Applied Materials, Inc. (Semiconductors & Equip.) | 31,258 | 2,697,565 | |
Automatic Data Processing, Inc. (IT Svs.) | 12,888 | 2,270,866 | |
Cadence Design Systems, Inc. (Software) | (a) | 9,883 | 1,348,338 |
Cirrus Logic, Inc. (Semiconductors & Equip.) | (a) | 1,485 | 122,067 |
Cisco Systems, Inc. (Communications Equip.) | 73,914 | 3,307,652 | |
Fiserv, Inc. (IT Svs.) | (a) | 27,397 | 3,119,422 |
Hewlett Packard Enterprise Co. (Tech. Hardware, Storage & Periph.) | 223,704 | 2,650,892 | |
Intel Corp. (Semiconductors & Equip.) | 71,642 | 3,569,204 | |
Mastercard, Inc. Class A (IT Svs.) | 9,297 | 3,318,471 | |
Microsoft Corp. (Software) | 92,980 | 20,680,612 | |
National Instruments Corp. (Electronic Equip., Instr. & Comp.) | 1,199 | 52,684 | |
NetApp, Inc. (Tech. Hardware, Storage & Periph.) | 8,374 | 554,694 | |
NVIDIA Corp. (Semiconductors & Equip.) | 16,038 | 8,375,044 | |
PayPal Holdings, Inc. (IT Svs.) | (a) | 14,600 | 3,419,320 |
QUALCOMM, Inc. (Semiconductors & Equip.) | 11,175 | 1,702,400 | |
salesforce.com, Inc. (Software) | (a) | 17,981 | 4,001,312 |
ServiceNow, Inc. (Software) | (a) | 8,286 | 4,560,863 |
Teradata Corp. (Software) | (a) | 12,220 | 274,583 |
Texas Instruments, Inc. (Semiconductors & Equip.) | 2,621 | 430,185 | |
Trimble, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 3,698 | 246,915 |
Visa, Inc. (IT Svs.) | 30,120 | 6,588,148 | |
VMware, Inc. Class A (Software) | (a) | 4,066 | 570,297 |
Zebra Technologies Corp. Class A (Electronic Equip., Instr. & Comp.) | (a) | 231 | 88,780 |
114,268,886 | |||
Materials–2.0% | |||
AptarGroup, Inc. (Containers & Packaging) | 656 | 89,800 | |
Ecolab, Inc. (Chemicals) | 15,424 | 3,337,136 | |
FMC Corp. (Chemicals) | 16,215 | 1,863,590 | |
PPG Industries, Inc. (Chemicals) | 14,795 | 2,133,735 | |
Reliance Steel & Aluminum Co. (Metals & Mining) | 3,087 | 369,668 | |
Sherwin-Williams Co. / The (Chemicals) | 1,115 | 819,425 | |
8,613,354 |
Common Stocks (Continued) | Shares | Value | |
Real Estate–2.8% | |||
Alexandria Real Estate Equities, Inc. (Equity REIT) | 2,516 | $ 448,402 | |
American Tower Corp. (Equity REIT) | 5,052 | 1,133,972 | |
Boston Properties, Inc. (Equity REIT) | 7,614 | 719,751 | |
Brixmor Property Group, Inc. (Equity REIT) | 42,258 | 699,370 | |
Equinix, Inc. (Equity REIT) | 820 | 585,628 | |
Kilroy Realty Corp. (Equity REIT) | 9,945 | 570,843 | |
Kimco Realty Corp. (Equity REIT) | 27,119 | 407,056 | |
Prologis, Inc. (Equity REIT) | 48,644 | 4,847,861 | |
Regency Centers Corp. (Equity REIT) | 10,177 | 463,969 | |
Simon Property Group, Inc. (Equity REIT) | 22,194 | 1,892,704 | |
Welltower, Inc. (Equity REIT) | 1,366 | 88,271 | |
11,857,827 | |||
Utilities–3.2% | |||
Alliant Energy Corp. (Electric Utilities) | 15,790 | 813,659 | |
CMS Energy Corp. (Multi-Utilities) | 45,448 | 2,772,782 | |
Consolidated Edison, Inc. (Multi-Utilities) | 24,821 | 1,793,814 | |
Eversource Energy (Electric Utilities) | 14,290 | 1,236,228 | |
IDACORP, Inc. (Electric Utilities) | 838 | 80,473 | |
NextEra Energy, Inc. (Electric Utilities) | 78,231 | 6,035,522 | |
Pinnacle West Capital Corp. (Electric Utilities) | 5,209 | 416,459 | |
Xcel Energy, Inc. (Electric Utilities) | 2,493 | 166,208 | |
13,315,145 | |||
Total Common Stocks (Cost $342,726,693) | $406,501,563 |
Rights –0.0% | Quantity | Value | |
Health Care–0.0% | |||
Bristol-Myers Squibb Co. (Pharmaceuticals) | (a) | 11,619 | $ 8,019 |
Total Rights (Cost $24,748) | $ 8,019 |
Money Market Funds–2.9% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.097% | (b) | 11,916,871 | $ 11,919,254 |
Total Money Market Funds (Cost $11,919,254) | $ 11,919,254 | ||
Total Investments – 100.0% (Cost $354,670,695) | (c) | $418,428,836 | |
Other Assets in Excess of Liabilities – 0.0% | (d) | 24,927 | |
Net Assets – 100.0% | $418,453,763 |
Percentages are stated as a percent of net assets. |
Footnotes: | ||
(a) | Non-income producing security. | |
(b) | Rate represents the seven-day yield at December 31, 2020. | |
(c) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 8 of the Notes to Financial Statements. | |
(d) | Includes $759,000 of cash pledged as collateral for the futures contracts outstanding at December 31, 2020. See also the following Schedule of Open Futures Contracts. |
Schedule of Open Futures Contracts | December 31, 2020 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
CME E-mini S&P 500 Index - Long | 69 | March 19, 2021 | $12,579,929 | $12,933,360 | $353,431 | $84,870 |
Ohio National Fund, Inc. | ON BlackRock Advantage Small Cap Growth Portfolio (Unaudited) |
Average Annual returns | |
One year | 34.34% |
Five years | 16.76% |
Ten years | 12.10% |
Ohio National Fund, Inc. | ON BlackRock Advantage Small Cap Growth Portfolio (Unaudited) (Continued) |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2020. |
Portfolio Composition as of December 31, 2020 (1) | |
% of Net Assets | |
Common Stocks (4) | 101.0 |
Rights (4) | 0.0 |
Money Market Funds Less Net Liabilities | (1.0) |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2020 (1) (2) (3) | ||
% of Net Assets | ||
1. | Varonis Systems, Inc. | 1.0 |
2. | Texas Roadhouse, Inc. | 1.0 |
3. | SiteOne Landscape Supply, Inc. | 1.0 |
4. | Marcus & Millichap, Inc. | 0.9 |
5. | 8x8, Inc. | 0.9 |
6. | Plug Power, Inc. | 0.9 |
7. | Mirati Therapeutics, Inc. | 0.9 |
8. | Deckers Outdoor Corp. | 0.9 |
9. | Ultragenyx Pharmaceutical, Inc. | 0.9 |
10. | Qualys, Inc. | 0.8 |
(1) | Composition of Portfolio subject to change. | |
(2) | Short-term investments have been excluded from the list of Top 10 Portfolio Holdings. | |
(3) | Top 10 Portfolio Holdings is presented at an individual security level. Total investment exposure by issuer may be higher. | |
(4) | Sectors (Common Stocks, Rights): |
% of Net Assets | |
Health Care | 34.3 |
Information Technology | 21.5 |
Industrials | 15.0 |
Consumer Discretionary | 14.5 |
Financials | 3.7 |
Real Estate | 3.6 |
Materials | 3.1 |
Consumer Staples | 1.9 |
Communication Services | 1.7 |
Utilities | 1.0 |
Energy | 0.7 |
101.0 |
Ohio National Fund, Inc. | ON BlackRock Advantage Small Cap Growth Portfolio |
Schedule of Investments | December 31, 2020 |
Common Stocks–101.0% | Shares | Value | |
Communication Services–1.7% | |||
Bandwidth, Inc. Class A (Diversified Telecom. Svs.) | (a) | 3,783 | $ 581,334 |
Cardlytics, Inc. (Media) | (a) | 7,195 | 1,027,230 |
Cogent Communications Holdings, Inc. (Diversified Telecom. Svs.) | 3,513 | 210,323 | |
Eventbrite, Inc. Class A (Interactive Media & Svs.) | (a) | 14,257 | 258,052 |
EverQuote, Inc. Class A (Interactive Media & Svs.) | (a) | 3,933 | 146,898 |
Glu Mobile, Inc. (Entertainment) | (a) | 19,352 | 174,361 |
IDT Corp. Class B (Diversified Telecom. Svs.) | (a) | 8,567 | 105,888 |
MSG Networks, Inc. Class A (Media) | (a) | 20,107 | 296,377 |
Ooma, Inc. (Diversified Telecom. Svs.) | (a) | 7,140 | 102,816 |
QuinStreet, Inc. (Interactive Media & Svs.) | (a) | 18,861 | 404,380 |
Shenandoah Telecommunications Co. (Wireless Telecom. Svs.) | 2,004 | 86,673 | |
TechTarget, Inc. (Media) | (a) | 2,310 | 136,544 |
3,530,876 | |||
Consumer Discretionary–14.5% | |||
1-800-Flowers.com, Inc. Class A (Internet & Direct Marketing Retail) | (a) | 33,399 | 868,374 |
America's Car-Mart, Inc. (Specialty Retail) | (a) | 1,448 | 159,048 |
Asbury Automotive Group, Inc. (Specialty Retail) | (a) | 1,820 | 265,247 |
Buckle, Inc. / The (Specialty Retail) | 12,300 | 359,160 | |
Caesars Entertainment, Inc. (Hotels, Restaurants & Leisure) | (a) | 13,184 | 979,176 |
Camping World Holdings, Inc. Class A (Specialty Retail) | 11,927 | 310,698 | |
Cheesecake Factory, Inc. / The (Hotels, Restaurants & Leisure) | 9,389 | 347,956 | |
Churchill Downs, Inc. (Hotels, Restaurants & Leisure) | 2,431 | 473,534 | |
Cracker Barrel Old Country Store, Inc. (Hotels, Restaurants & Leisure) | 7,198 | 949,560 | |
Crocs, Inc. (Textiles, Apparel & Luxury Goods) | (a) | 24,601 | 1,541,499 |
Deckers Outdoor Corp. (Textiles, Apparel & Luxury Goods) | (a) | 6,519 | 1,869,519 |
Dine Brands Global, Inc. (Hotels, Restaurants & Leisure) | 4,862 | 281,996 | |
Fox Factory Holding Corp. (Auto Components) | (a) | 10,691 | 1,130,146 |
Helen of Troy Ltd. (Household Durables) | (a) | 2,887 | 641,463 |
International Game Technology PLC (Hotels, Restaurants & Leisure) | 79,292 | 1,343,206 | |
iRobot Corp. (Household Durables) | (a) | 17,068 | 1,370,390 |
Jack in the Box, Inc. (Hotels, Restaurants & Leisure) | 3,322 | 308,282 | |
KB Home (Household Durables) | 4,391 | 147,186 | |
LCI Industries (Auto Components) | 11,270 | 1,461,494 | |
LGI Homes, Inc. (Household Durables) | (a) | 3,370 | 356,715 |
Lithia Motors, Inc. Class A (Specialty Retail) | 2,580 | ��� 755,089 | |
M.D.C. Holdings, Inc. (Household Durables) | 26,299 | 1,278,131 | |
Malibu Boats, Inc. Class A (Leisure Products) | (a) | 8,812 | 550,221 |
National Vision Holdings, Inc. (Specialty Retail) | (a) | 8,476 | 383,878 |
Overstock.com, Inc. (Internet & Direct Marketing Retail) | (a) | 8,603 | 412,686 |
Penn National Gaming, Inc. (Hotels, Restaurants & Leisure) | (a) | 9,897 | 854,804 |
RealReal, Inc. / The (Internet & Direct Marketing Retail) | (a) | 20,970 | 409,754 |
Rent-A-Center, Inc. (Specialty Retail) | 15,829 | 606,092 | |
RH (Specialty Retail) | (a) | 1,621 | 725,430 |
Scientific Games Corp. (Hotels, Restaurants & Leisure) | (a) | 8,762 | 363,535 |
SeaWorld Entertainment, Inc. (Hotels, Restaurants & Leisure) | (a) | 20,824 | 657,830 |
Common Stocks (Continued) | Shares | Value | |
Consumer Discretionary (continued) | |||
Shake Shack, Inc. Class A (Hotels, Restaurants & Leisure) | (a) | 6,149 | $ 521,312 |
Sonos, Inc. (Household Durables) | (a) | 4,175 | 97,653 |
Stamps.com, Inc. (Internet & Direct Marketing Retail) | (a) | 4,508 | 884,425 |
Stitch Fix, Inc. Class A (Internet & Direct Marketing Retail) | (a) | 7,223 | 424,135 |
Strategic Education, Inc. (Diversified Consumer Svs.) | 3,606 | 343,760 | |
Texas Roadhouse, Inc. (Hotels, Restaurants & Leisure) | 26,248 | 2,051,544 | |
Tilly's, Inc. (Specialty Retail) | 4,764 | 38,874 | |
Visteon Corp. (Auto Components) | (a) | 9,230 | 1,158,550 |
W.W. International, Inc. (Diversified Consumer Svs.) | (a) | 7,153 | 174,533 |
Wingstop, Inc. (Hotels, Restaurants & Leisure) | 4,997 | 662,352 | |
Winnebago Industries, Inc. (Automobiles) | 8,148 | 488,391 | |
YETI Holdings, Inc. (Leisure Products) | (a) | 20,181 | 1,381,793 |
30,389,421 | |||
Consumer Staples–1.9% | |||
BJ's Wholesale Club Holdings, Inc. (Food & Staples Retailing) | (a) | 10,478 | 390,620 |
Central Garden & Pet Co. Class A (Household Products) | (a) | 2,397 | 87,083 |
Chefs' Warehouse, Inc. / The (Food & Staples Retailing) | (a) | 15,095 | 387,790 |
E.L.F. Beauty, Inc. (Personal Products) | (a) | 9,896 | 249,280 |
Freshpet, Inc. (Food Products) | (a) | 9,915 | 1,407,831 |
J & J Snack Foods Corp. (Food Products) | 1,720 | 267,236 | |
John B. Sanfilippo & Son, Inc. (Food Products) | 2,460 | 193,996 | |
Lancaster Colony Corp. (Food Products) | 779 | 143,126 | |
National Beverage Corp. (Beverages) | 2,872 | 243,833 | |
PriceSmart, Inc. (Food & Staples Retailing) | 3,416 | 311,163 | |
Sprouts Farmers Market, Inc. (Food & Staples Retailing) | (a) | 8,800 | 176,880 |
USANA Health Sciences, Inc. (Personal Products) | (a) | 907 | 69,930 |
Weis Markets, Inc. (Food & Staples Retailing) | 445 | 21,275 | |
3,950,043 | |||
Energy–0.7% | |||
CVR Energy, Inc. (Oil, Gas & Consumable Fuels) | 10,192 | 151,861 | |
Delek U.S. Holdings, Inc. (Oil, Gas & Consumable Fuels) | 33,911 | 544,950 | |
Evolution Petroleum Corp. (Oil, Gas & Consumable Fuels) | 31,209 | 88,945 | |
Magnolia Oil & Gas Corp. Class A (Oil, Gas & Consumable Fuels) | (a) | 26,746 | 188,827 |
Par Pacific Holdings, Inc. (Oil, Gas & Consumable Fuels) | (a) | 36,061 | 504,133 |
Smart Sand, Inc. (Energy Equip. & Svs.) | (a) | 47,289 | 81,337 |
1,560,053 | |||
Financials–3.7% | |||
Arbor Realty Trust, Inc. (Mortgage REIT) | 8,249 | 116,971 | |
Artisan Partners Asset Management, Inc. Class A (Capital Markets) | 11,808 | 594,415 | |
Assetmark Financial Holdings, Inc. (Capital Markets) | (a) | 6,600 | 159,720 |
BankFinancial Corp. (Banks) | 5,622 | 49,361 | |
Cohen & Steers, Inc. (Capital Markets) | 10,571 | 785,425 | |
eHealth, Inc. (Insurance) | (a) | 2,719 | 191,989 |
First Savings Financial Group, Inc. (Banks) | 2,205 | 143,325 | |
FirstCash, Inc. (Consumer Finance) | 3,311 | 231,902 | |
Hamilton Lane, Inc. Class A (Capital Markets) | 21,660 | 1,690,563 | |
Houlihan Lokey, Inc. (Capital Markets) | 4,003 | 269,122 |
Ohio National Fund, Inc. | ON BlackRock Advantage Small Cap Growth Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Financials (continued) | |||
Kinsale Capital Group, Inc. (Insurance) | 3,731 | $ 746,685 | |
LendingTree, Inc. (Consumer Finance) | (a) | 184 | 50,377 |
Main Street Capital Corp. (Capital Markets) | 110 | 3,549 | |
Moelis & Co. Class A (Capital Markets) | 19,303 | 902,608 | |
National General Holdings Corp. (Insurance) | 5,396 | 184,435 | |
Pacific Mercantile Bancorp (Banks) | (a) | 11,266 | 57,907 |
Republic First Bancorp, Inc. (Banks) | (a) | 50,682 | 144,444 |
RLI Corp. (Insurance) | 2,688 | 279,955 | |
Trupanion, Inc. (Insurance) | (a) | 9,983 | 1,195,065 |
7,797,818 | |||
Health Care–34.3% | |||
1Life Healthcare, Inc. (Health Care Providers & Svs.) | (a) | 12,198 | 532,443 |
ACADIA Pharmaceuticals, Inc. (Biotechnology) | (a) | 5,558 | 297,131 |
Accolade, Inc. (Health Care Technology) | (a) | 11,525 | 501,337 |
Accuray, Inc. (Health Care Equip. & Supplies) | (a) | 41,890 | 174,681 |
Aerie Pharmaceuticals, Inc. (Pharmaceuticals) | (a) | 1,972 | 26,642 |
Agenus, Inc. (Biotechnology) | (a) | 98,406 | 312,931 |
Alector, Inc. (Biotechnology) | (a) | 22,770 | 344,510 |
Allakos, Inc. (Biotechnology) | (a) | 3,875 | 542,500 |
Allogene Therapeutics, Inc. (Biotechnology) | (a) | 16,514 | 416,813 |
ALX Oncology Holdings, Inc. (Biotechnology) | (a) | 5,662 | 488,064 |
Amarin Corp. PLC – ADR (Biotechnology) | (a) | 17,101 | 83,624 |
Amicus Therapeutics, Inc. (Biotechnology) | (a) | 34,993 | 807,988 |
AMN Healthcare Services, Inc. (Health Care Providers & Svs.) | (a) | 10,066 | 687,004 |
Amphastar Pharmaceuticals, Inc. (Pharmaceuticals) | (a) | 31,645 | 636,381 |
Apellis Pharmaceuticals, Inc. (Biotechnology) | (a) | 6,739 | 385,471 |
Aptinyx, Inc. (Biotechnology) | (a) | 28,141 | 97,368 |
Arcus Biosciences, Inc. (Biotechnology) | (a) | 8,758 | 227,358 |
Arcutis Biotherapeutics, Inc. (Biotechnology) | (a) | 5,941 | 167,120 |
Arrowhead Pharmaceuticals, Inc. (Biotechnology) | (a) | 13,407 | 1,028,719 |
Arvinas, Inc. (Pharmaceuticals) | (a) | 7,741 | 657,443 |
Atara Biotherapeutics, Inc. (Biotechnology) | (a) | 16,170 | 317,417 |
Athenex, Inc. (Biotechnology) | (a) | 11,735 | 129,789 |
Athersys, Inc. (Biotechnology) | (a) | 60,257 | 105,450 |
AtriCure, Inc. (Health Care Equip. & Supplies) | (a) | 7,974 | 443,913 |
Atrion Corp. (Health Care Equip. & Supplies) | 585 | 375,710 | |
Avidity Biosciences, Inc. (Biotechnology) | (a) | 5,306 | 135,409 |
Avrobio, Inc. (Biotechnology) | (a) | 9,661 | 134,674 |
Axonics Modulation Technologies, Inc. (Health Care Equip. & Supplies) | (a) | 4,579 | 228,584 |
Axsome Therapeutics, Inc. (Pharmaceuticals) | (a) | 1,920 | 156,422 |
Beam Therapeutics, Inc. (Biotechnology) | (a) | 3,253 | 265,575 |
Beyondspring, Inc. (Biotechnology) | (a) | 8,867 | 108,177 |
BioCryst Pharmaceuticals, Inc. (Biotechnology) | (a) | 48,405 | 360,617 |
BioDelivery Sciences International, Inc. (Pharmaceuticals) | (a) | 18,702 | 78,548 |
Biohaven Pharmaceutical Holding Co. Ltd. (Biotechnology) | (a) | 5,560 | 476,548 |
BioTelemetry, Inc. (Health Care Providers & Svs.) | (a) | 5,559 | 400,693 |
Black Diamond Therapeutics, Inc. (Biotechnology) | (a) | 4,143 | 132,783 |
Blueprint Medicines Corp. (Biotechnology) | (a) | 11,521 | 1,292,080 |
Bridgebio Pharma, Inc. (Biotechnology) | (a) | 18,134 | 1,289,509 |
Cantel Medical Corp. (Health Care Equip. & Supplies) | 11,009 | 868,170 | |
Cardiovascular Systems, Inc. (Health Care Equip. & Supplies) | (a) | 15,260 | 667,778 |
CareDx, Inc. (Biotechnology) | (a) | 6,031 | 436,946 |
Castlight Health, Inc. Class B (Health Care Technology) | (a) | 35,225 | 45,793 |
Certara, Inc. (Health Care Technology) | (a) | 8,196 | 276,369 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
Cerus Corp. (Health Care Equip. & Supplies) | (a) | 42,400 | $ 293,408 |
ChemoCentryx, Inc. (Biotechnology) | (a) | 4,239 | 262,479 |
Codexis, Inc. (Life Sciences Tools & Svs.) | (a) | 18,688 | 407,959 |
Coherus Biosciences, Inc. (Biotechnology) | (a) | 16,768 | 291,428 |
CONMED Corp. (Health Care Equip. & Supplies) | 1,278 | 143,136 | |
CorVel Corp. (Health Care Providers & Svs.) | (a) | 2,208 | 234,048 |
Crinetics Pharmaceuticals, Inc. (Biotechnology) | (a) | 2,601 | 36,700 |
CryoLife, Inc. (Health Care Equip. & Supplies) | (a) | 11,400 | 269,154 |
CryoPort, Inc. (Health Care Equip. & Supplies) | (a) | 1,869 | 82,012 |
Cue Biopharma, Inc. (Biotechnology) | (a) | 9,963 | 124,637 |
Deciphera Pharmaceuticals, Inc. (Biotechnology) | (a) | 6,692 | 381,912 |
Denali Therapeutics, Inc. (Biotechnology) | (a) | 8,753 | 733,151 |
Dynavax Technologies Corp. (Biotechnology) | (a) | 19,408 | 86,366 |
Dyne Therapeutics, Inc. (Biotechnology) | (a) | 4,564 | 95,844 |
Eagle Pharmaceuticals, Inc. (Biotechnology) | (a) | 4,790 | 223,070 |
Editas Medicine, Inc. (Biotechnology) | (a) | 9,873 | 692,196 |
Eidos Therapeutics, Inc. (Biotechnology) | (a) | 1,941 | 255,397 |
Emergent BioSolutions, Inc. (Biotechnology) | (a) | 5,854 | 524,518 |
Enanta Pharmaceuticals, Inc. (Biotechnology) | (a) | 8,707 | 366,565 |
Ensign Group, Inc. / The (Health Care Providers & Svs.) | 3,102 | 226,198 | |
Epizyme, Inc. (Biotechnology) | (a) | 9,867 | 107,156 |
Fate Therapeutics, Inc. (Biotechnology) | (a) | 10,995 | 999,775 |
FibroGen, Inc. (Biotechnology) | (a) | 21,666 | 803,592 |
Flexion Therapeutics, Inc. (Biotechnology) | (a) | 22,917 | 264,462 |
Foghorn Therapeutics, Inc. (Biotechnology) | (a) | 8,256 | 167,349 |
Frequency Therapeutics, Inc. (Biotechnology) | (a) | 13,873 | 489,162 |
GenMark Diagnostics, Inc. (Health Care Equip. & Supplies) | (a) | 8,558 | 124,947 |
Globus Medical, Inc. Class A (Health Care Equip. & Supplies) | (a) | 8,674 | 565,718 |
Gossamer Bio, Inc. (Biotechnology) | (a) | 4,355 | 42,113 |
Halozyme Therapeutics, Inc. (Biotechnology) | (a) | 25,589 | 1,092,906 |
Harpoon Therapeutics, Inc. (Biotechnology) | (a) | 16,708 | 277,520 |
Health Catalyst, Inc. (Health Care Technology) | (a) | 8,313 | 361,865 |
HealthEquity, Inc. (Health Care Providers & Svs.) | (a) | 14,763 | 1,029,129 |
Heron Therapeutics, Inc. (Biotechnology) | (a) | 23,380 | 494,838 |
Heska Corp. (Health Care Equip. & Supplies) | (a) | 2,034 | 296,252 |
HMS Holdings Corp. (Health Care Technology) | (a) | 10,720 | 393,960 |
Innoviva, Inc. (Pharmaceuticals) | (a) | 32,438 | 401,907 |
Inogen, Inc. (Health Care Equip. & Supplies) | (a) | 5,863 | 261,959 |
Inovalon Holdings, Inc. Class A (Health Care Technology) | (a) | 25,127 | 456,558 |
Inovio Pharmaceuticals, Inc. (Biotechnology) | (a) | 26,465 | 234,215 |
Insmed, Inc. (Biotechnology) | (a) | 10,403 | 346,316 |
Inspire Medical Systems, Inc. (Health Care Technology) | (a) | 5,521 | 1,038,445 |
Integer Holdings Corp. (Health Care Equip. & Supplies) | (a) | 1,680 | 136,399 |
Intellia Therapeutics, Inc. (Biotechnology) | (a) | 3,529 | 191,978 |
Intercept Pharmaceuticals, Inc. (Biotechnology) | (a) | 6,783 | 167,540 |
Intersect ENT, Inc. (Pharmaceuticals) | (a) | 19,785 | 453,077 |
Invitae Corp. (Biotechnology) | (a) | 17,449 | 729,543 |
iRhythm Technologies, Inc. (Health Care Equip. & Supplies) | (a) | 4,225 | 1,002,212 |
Joint Corp. / The (Health Care Providers & Svs.) | (a) | 9,316 | 244,638 |
KalVista Pharmaceuticals, Inc. (Biotechnology) | (a) | 3,078 | 58,451 |
Karuna Therapeutics, Inc. (Biotechnology) | (a) | 1,938 | 196,881 |
Karyopharm Therapeutics, Inc. (Biotechnology) | (a) | 34,781 | 538,410 |
Kiniksa Pharmaceuticals Ltd. Class A (Biotechnology) | (a) | 6,430 | 113,618 |
Ohio National Fund, Inc. | ON BlackRock Advantage Small Cap Growth Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
Kodiak Sciences, Inc. (Biotechnology) | (a) | 3,264 | $ 479,514 |
LeMaitre Vascular, Inc. (Health Care Equip. & Supplies) | 8,899 | 360,410 | |
LHC Group, Inc. (Health Care Providers & Svs.) | (a) | 2,431 | 518,581 |
LivaNova PLC (Health Care Equip. & Supplies) | (a) | 8,172 | 541,068 |
Luminex Corp. (Life Sciences Tools & Svs.) | 25,639 | 592,774 | |
MacroGenics, Inc. (Biotechnology) | (a) | 4,931 | 112,723 |
Madrigal Pharmaceuticals, Inc. (Biotechnology) | (a) | 5,196 | 577,639 |
Magellan Health, Inc. (Health Care Providers & Svs.) | (a) | 1,672 | 138,508 |
Medpace Holdings, Inc. (Life Sciences Tools & Svs.) | (a) | 7,576 | 1,054,579 |
MeiraGTx Holdings PLC (Biotechnology) | (a) | 1,192 | 18,047 |
Meridian Bioscience, Inc. (Health Care Equip. & Supplies) | (a) | 3,846 | 71,882 |
Mirati Therapeutics, Inc. (Biotechnology) | (a) | 8,617 | 1,892,638 |
Mirum Pharmaceuticals, Inc. (Biotechnology) | (a) | 7,949 | 138,790 |
Morphic Holding, Inc. (Biotechnology) | (a) | 4,121 | 138,260 |
NanoString Technologies, Inc. (Life Sciences Tools & Svs.) | (a) | 13,006 | 869,841 |
Natera, Inc. (Biotechnology) | (a) | 15,876 | 1,579,980 |
Neogen Corp. (Health Care Equip. & Supplies) | (a) | 11,244 | 891,649 |
NeoGenomics, Inc. (Life Sciences Tools & Svs.) | (a) | 26,424 | 1,422,668 |
Neoleukin Therapeutics, Inc. (Biotechnology) | (a) | 9,004 | 126,956 |
Nevro Corp. (Health Care Equip. & Supplies) | (a) | 7,567 | 1,309,848 |
NextGen Healthcare, Inc. (Health Care Technology) | (a) | 6,940 | 126,586 |
NGM Biopharmaceuticals, Inc. (Pharmaceuticals) | (a) | 16,349 | 495,293 |
Novavax, Inc. (Biotechnology) | (a) | 3,114 | 347,242 |
NuVasive, Inc. (Health Care Equip. & Supplies) | (a) | 5,319 | 299,619 |
Omeros Corp. (Pharmaceuticals) | (a) | 33,766 | 482,347 |
Omnicell, Inc. (Health Care Technology) | (a) | 10,480 | 1,257,810 |
OraSure Technologies, Inc. (Health Care Equip. & Supplies) | (a) | 10,372 | 109,788 |
Pacific Biosciences of California, Inc. (Life Sciences Tools & Svs.) | (a) | 10,942 | 283,835 |
Pacira BioSciences, Inc. (Pharmaceuticals) | (a) | 7,976 | 477,284 |
Passage Bio, Inc. (Biotechnology) | (a) | 2,835 | 72,491 |
Personalis, Inc. (Life Sciences Tools & Svs.) | (a) | 5,564 | 203,698 |
PetIQ, Inc. (Health Care Providers & Svs.) | (a) | 5,324 | 204,708 |
Phreesia, Inc. (Health Care Technology) | (a) | 21,915 | 1,189,108 |
Poseida Therapeutics, Inc. (Biotechnology) | (a) | 3,813 | 41,829 |
Precision BioSciences, Inc. (Biotechnology) | (a) | 17,540 | 146,284 |
Prestige Consumer Healthcare, Inc. (Pharmaceuticals) | (a) | 1,373 | 47,877 |
Prevail Therapeutics, Inc. (Biotechnology) | (a) | 2,376 | 54,814 |
Progyny, Inc. (Health Care Providers & Svs.) | (a) | 5,743 | 243,446 |
PTC Therapeutics, Inc. (Biotechnology) | (a) | 17,241 | 1,052,218 |
Puma Biotechnology, Inc. (Biotechnology) | (a) | 19,032 | 195,268 |
Quanterix Corp. (Life Sciences Tools & Svs.) | (a) | 4,020 | 186,930 |
R1 RCM, Inc. (Health Care Providers & Svs.) | (a) | 15,862 | 381,005 |
Radius Health, Inc. (Biotechnology) | (a) | 13,550 | 242,003 |
REGENXBIO, Inc. (Biotechnology) | (a) | 12,187 | 552,802 |
Relmada Therapeutics, Inc. (Pharmaceuticals) | (a) | 5,208 | 167,021 |
Repligen Corp. (Life Sciences Tools & Svs.) | (a) | 1,862 | 356,815 |
Revance Therapeutics, Inc. (Pharmaceuticals) | (a) | 8,096 | 229,441 |
REVOLUTION Medicines, Inc. (Biotechnology) | (a) | 7,851 | 310,821 |
Rigel Pharmaceuticals, Inc. (Biotechnology) | (a) | 117,534 | 411,369 |
Sage Therapeutics, Inc. (Biotechnology) | (a) | 361 | 31,230 |
Sangamo Therapeutics, Inc. (Biotechnology) | (a) | 6,473 | 101,011 |
Schrodinger, Inc. (Health Care Technology) | (a) | 1,050 | 83,139 |
Select Medical Holdings Corp. (Health Care Providers & Svs.) | (a) | 15,265 | 422,230 |
Seres Therapeutics, Inc. (Biotechnology) | (a) | 21,272 | 521,164 |
Shockwave Medical, Inc. (Health Care Equip. & Supplies) | (a) | 2,945 | 305,455 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
Silk Road Medical, Inc. (Health Care Equip. & Supplies) | (a) | 3,286 | $ 206,952 |
Silverback Therapeutics, Inc. (Biotechnology) | (a) | 8,290 | 384,159 |
Spectrum Pharmaceuticals, Inc. (Biotechnology) | (a) | 98,230 | 334,964 |
Sutro Biopharma, Inc. (Biotechnology) | (a) | 13,219 | 286,984 |
Tactile Systems Technology, Inc. (Health Care Equip. & Supplies) | (a) | 12,980 | 583,321 |
Teladoc Health, Inc. (Health Care Technology) | (a) | 1,808 | 361,528 |
TG Therapeutics, Inc. (Biotechnology) | (a) | 10,704 | 556,822 |
Theravance Biopharma, Inc. (Pharmaceuticals) | (a) | 18,256 | 324,409 |
Translate Bio, Inc. (Biotechnology) | (a) | 7,110 | 131,037 |
Travere Therapeutics, Inc. (Biotechnology) | (a) | 25,156 | 685,627 |
Turning Point Therapeutics, Inc. (Biotechnology) | (a) | 2,813 | 342,764 |
Twist Bioscience Corp. (Biotechnology) | (a) | 7,850 | 1,109,126 |
U.S. Physical Therapy, Inc. (Health Care Providers & Svs.) | 7,956 | 956,709 | |
Ultragenyx Pharmaceutical, Inc. (Biotechnology) | (a) | 12,775 | 1,768,443 |
Veracyte, Inc. (Biotechnology) | (a) | 16,570 | 810,936 |
Viemed Healthcare, Inc. (Health Care Providers & Svs.) | (a) | 11,958 | 92,794 |
Vir Biotechnology, Inc. (Biotechnology) | (a) | 10,323 | 276,450 |
Vocera Communications, Inc. (Health Care Technology) | (a) | 15,688 | 651,523 |
Xencor, Inc. (Biotechnology) | (a) | 14,313 | 624,476 |
Zynex, Inc. (Health Care Equip. & Supplies) | (a) | 4,338 | 58,389 |
71,973,300 | |||
Industrials–15.0% | |||
AAON, Inc. (Building Products) | 5,969 | 397,715 | |
Advanced Drainage Systems, Inc. (Building Products) | 5,541 | 463,117 | |
Aerojet Rocketdyne Holdings, Inc. (Aerospace & Defense) | (a) | 14,274 | 754,381 |
AeroVironment, Inc. (Aerospace & Defense) | (a) | 1,260 | 109,494 |
Applied Industrial Technologies, Inc. (Trading Companies & Distributors) | 11,978 | 934,164 | |
ASGN, Inc. (Professional Svs.) | (a) | 10,254 | 856,517 |
Avis Budget Group, Inc. (Road & Rail) | (a) | 1,066 | 39,762 |
Bloom Energy Corp. Class A (Electrical Equip.) | (a) | 5,047 | 144,647 |
Blue Bird Corp. (Machinery) | (a) | 15,195 | 277,461 |
Brink's Co. / The (Commercial Svs. & Supplies) | 9,152 | 658,944 | |
Builders FirstSource, Inc. (Building Products) | (a) | 30,217 | 1,233,156 |
Echo Global Logistics, Inc. (Air Freight & Logistics) | (a) | 16,238 | 435,503 |
EMCOR Group, Inc. (Construction & Engineering) | 10,608 | 970,208 | |
ESCO Technologies, Inc. (Machinery) | 13,567 | 1,400,386 | |
Evoqua Water Technologies Corp. (Machinery) | (a) | 10,802 | 291,438 |
Exponent, Inc. (Professional Svs.) | 9,718 | 874,912 | |
Federal Signal Corp. (Machinery) | 1,875 | 62,194 | |
Forrester Research, Inc. (Professional Svs.) | (a) | 4,676 | 195,924 |
Forward Air Corp. (Air Freight & Logistics) | 4,710 | 361,916 | |
Foundation Building Materials, Inc. (Trading Companies & Distributors) | (a) | 16,632 | 319,501 |
Franklin Covey Co. (Professional Svs.) | (a) | 25,526 | 568,464 |
Franklin Electric Co., Inc. (Machinery) | 10,235 | 708,364 | |
Generac Holdings, Inc. (Electrical Equip.) | (a) | 6,272 | 1,426,316 |
Gibraltar Industries, Inc. (Building Products) | (a) | 4,720 | 339,557 |
Hawaiian Holdings, Inc. (Airlines) | 12,245 | 216,737 | |
Herc Holdings, Inc. (Trading Companies & Distributors) | (a) | 3,045 | 202,218 |
Herman Miller, Inc. (Commercial Svs. & Supplies) | 4,820 | 162,916 | |
Hub Group, Inc. Class A (Air Freight & Logistics) | (a) | 11,453 | 652,821 |
Ohio National Fund, Inc. | ON BlackRock Advantage Small Cap Growth Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Industrials (continued) | |||
Insperity, Inc. (Professional Svs.) | 5,764 | $ 469,305 | |
John Bean Technologies Corp. (Machinery) | 5,875 | 668,986 | |
Kforce, Inc. (Professional Svs.) | 20,358 | 856,868 | |
Kimball International, Inc. Class B (Commercial Svs. & Supplies) | 10,559 | 126,180 | |
Landstar System, Inc. (Road & Rail) | 4,643 | 625,226 | |
Marten Transport Ltd. (Road & Rail) | 41,096 | 708,084 | |
Masonite International Corp. (Building Products) | (a) | 1,609 | 158,229 |
MasTec, Inc. (Construction & Engineering) | (a) | 6,647 | 453,192 |
McGrath RentCorp (Commercial Svs. & Supplies) | 18,089 | 1,213,772 | |
MYR Group, Inc. (Construction & Engineering) | (a) | 2,202 | 132,340 |
Plug Power, Inc. (Electrical Equip.) | (a) | 56,584 | 1,918,763 |
Proto Labs, Inc. (Machinery) | (a) | 6,383 | 979,152 |
Radiant Logistics, Inc. (Air Freight & Logistics) | (a) | 10,231 | 59,340 |
Saia, Inc. (Road & Rail) | (a) | 4,257 | 769,666 |
SiteOne Landscape Supply, Inc. (Trading Companies & Distributors) | (a) | 12,684 | 2,012,063 |
Steelcase, Inc. Class A (Commercial Svs. & Supplies) | 19,566 | 265,119 | |
Sunrun, Inc. (Electrical Equip.) | (a) | 24,720 | 1,715,074 |
Tetra Tech, Inc. (Commercial Svs. & Supplies) | 4,713 | 545,671 | |
Trex Co., Inc. (Building Products) | (a) | 10,427 | 872,948 |
TriNet Group, Inc. (Professional Svs.) | (a) | 7,510 | 605,306 |
Upwork, Inc. (Professional Svs.) | (a) | 3,391 | 117,057 |
Vicor Corp. (Electrical Equip.) | (a) | 1,324 | 122,099 |
Werner Enterprises, Inc. (Road & Rail) | 21,578 | 846,289 | |
WillScot Mobile Mini Holdings Corp. (Construction & Engineering) | (a) | 10,518 | 243,702 |
31,543,164 | |||
Information Technology–21.5% | |||
8x8, Inc. (Software) | (a) | 56,010 | 1,930,665 |
A10 Networks, Inc. (Software) | (a) | 29,254 | 288,444 |
Acacia Communications, Inc. (Communications Equip.) | (a) | 6,005 | 438,125 |
ACI Worldwide, Inc. (Software) | (a) | 8,367 | 321,544 |
Advanced Energy Industries, Inc. (Semiconductors & Equip.) | (a) | 6,642 | 644,075 |
Alarm.com Holdings, Inc. (Software) | (a) | 8,317 | 860,394 |
Altair Engineering, Inc. Class A (Software) | (a) | 13,492 | 784,965 |
Ambarella, Inc. (Semiconductors & Equip.) | (a) | 2,548 | 233,957 |
Appfolio, Inc. Class A (Software) | (a) | 5,788 | 1,042,071 |
Appian Corp. (Software) | (a) | 4,629 | 750,315 |
Axcelis Technologies, Inc. (Semiconductors & Equip.) | (a) | 5,093 | 148,308 |
Blackbaud, Inc. (Software) | 4,701 | 270,590 | |
Blackline, Inc. (Software) | (a) | 4,778 | 637,290 |
Bottomline Technologies DE, Inc. (Software) | (a) | 15,966 | 842,047 |
Box, Inc. Class A (Software) | (a) | 56,936 | 1,027,695 |
Brooks Automation, Inc. (Semiconductors & Equip.) | 9,155 | 621,167 | |
Calix, Inc. (Communications Equip.) | (a) | 16,400 | 488,064 |
Cirrus Logic, Inc. (Semiconductors & Equip.) | (a) | 16,126 | 1,325,557 |
CMC Materials, Inc. (Semiconductors & Equip.) | 3,302 | 499,593 | |
CommVault Systems, Inc. (Software) | (a) | 12,478 | 690,907 |
Cornerstone OnDemand, Inc. (Software) | (a) | 10,016 | 441,105 |
CSG Systems International, Inc. (IT Svs.) | 16,069 | 724,230 | |
Digital Turbine, Inc. (Software) | (a) | 9,705 | 548,915 |
Domo, Inc. Class B (Software) | (a) | 5,560 | 354,561 |
ePlus, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 8,840 | 777,478 |
Extreme Networks, Inc. (Communications Equip.) | (a) | 30,260 | 208,491 |
FARO Technologies, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 2,528 | 178,553 |
Fitbit, Inc. Class A (Electronic Equip., Instr. & Comp.) | (a) | 75,398 | 512,706 |
Five9, Inc. (Software) | (a) | 3,674 | 640,746 |
Common Stocks (Continued) | Shares | Value | |
Information Technology (continued) | |||
Grid Dynamics Holdings, Inc. (IT Svs.) | (a) | 23,044 | $ 290,354 |
Hackett Group, Inc. / The (IT Svs.) | 3,392 | 48,811 | |
Ichor Holdings Ltd. (Semiconductors & Equip.) | (a) | 7,529 | 226,962 |
Insight Enterprises, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 8,393 | 638,623 |
InterDigital, Inc. (Communications Equip.) | 2,436 | 147,816 | |
International Money Express, Inc. (IT Svs.) | (a) | 6,445 | 100,026 |
J2 Global, Inc. (Software) | (a) | 3,575 | 349,242 |
Lattice Semiconductor Corp. (Semiconductors & Equip.) | (a) | 29,430 | 1,348,483 |
Limelight Networks, Inc. (IT Svs.) | (a) | 18,337 | 73,165 |
LivePerson, Inc. (Software) | (a) | 10,009 | 622,860 |
ManTech International Corp. Class A (IT Svs.) | 7,747 | 689,018 | |
MAXIMUS, Inc. (IT Svs.) | 10,453 | 765,055 | |
MaxLinear, Inc. (Semiconductors & Equip.) | (a) | 6,443 | 246,058 |
Methode Electronics, Inc. (Electronic Equip., Instr. & Comp.) | 3,693 | 141,368 | |
Novanta, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 3,698 | 437,178 |
OSI Systems, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 14,688 | 1,369,215 |
PAR Technology Corp. (Electronic Equip., Instr. & Comp.) | (a) | 7,996 | 502,069 |
Paylocity Holding Corp. (Software) | (a) | 1,998 | 411,408 |
PC Connection, Inc. (Electronic Equip., Instr. & Comp.) | 15,635 | 739,379 | |
Power Integrations, Inc. (Semiconductors & Equip.) | 20,679 | 1,692,783 | |
Progress Software Corp. (Software) | 9,665 | 436,761 | |
PROS Holdings, Inc. (Software) | (a) | 18,152 | 921,577 |
Q2 Holdings, Inc. (Software) | (a) | 9,731 | 1,231,263 |
QAD, Inc. Class A (Software) | 10,214 | 645,321 | |
Qualys, Inc. (Software) | (a) | 14,497 | 1,766,749 |
Radware Ltd. (Communications Equip.) | (a) | 5,120 | 142,080 |
Rapid7, Inc. (Software) | (a) | 12,557 | 1,132,139 |
RingCentral, Inc. Class A (Software) | (a) | 1,443 | 546,854 |
Semtech Corp. (Semiconductors & Equip.) | (a) | 1,908 | 137,548 |
Silicon Laboratories, Inc. (Semiconductors & Equip.) | (a) | 6,067 | 772,572 |
Silicon Motion Technology Corp. – ADR (Semiconductors & Equip.) | 1,921 | 92,496 | |
SiTime Corp. (Semiconductors & Equip.) | (a) | 3,243 | 362,989 |
Sprout Social, Inc. Class A (Software) | (a) | 14,529 | 659,762 |
SPS Commerce, Inc. (Software) | (a) | 11,794 | 1,280,710 |
Sumo Logic, Inc. (Software) | (a) | 2,186 | 62,476 |
SVMK, Inc. (Software) | (a) | 6,437 | 164,465 |
Synaptics, Inc. (Semiconductors & Equip.) | (a) | 9,511 | 916,860 |
Tower Semiconductor Ltd. (Semiconductors & Equip.) | (a) | 33,370 | 861,613 |
Varonis Systems, Inc. (Software) | (a) | 13,029 | 2,131,676 |
Verra Mobility Corp. (IT Svs.) | (a) | 10,734 | 144,050 |
Virtusa Corp. (IT Svs.) | (a) | 1,903 | 97,300 |
WNS Holdings Ltd. – ADR (IT Svs.) | (a) | 10,183 | 733,685 |
Yext, Inc. (Software) | (a) | 46,816 | 735,947 |
45,049,324 | |||
Materials–3.1% | |||
Avient Corp. (Chemicals) | 9,358 | 376,940 | |
Balchem Corp. (Chemicals) | 7,414 | 854,241 | |
Boise Cascade Co. (Paper & Forest Products) | 17,944 | 857,723 | |
Forterra, Inc. (Construction Materials) | (a) | 15,546 | 267,314 |
HB Fuller Co. (Chemicals) | 6,961 | 361,137 | |
Ingevity Corp. (Chemicals) | (a) | 7,133 | 540,182 |
Livent Corp. (Chemicals) | (a) | 39,271 | 739,866 |
Louisiana-Pacific Corp. (Paper & Forest Products) | 3,972 | 147,639 | |
Materion Corp. (Metals & Mining) | 1,628 | 103,736 | |
Novagold Resources, Inc. (Metals & Mining) | (a) | 65,935 | 637,592 |
Silgan Holdings, Inc. (Containers & Packaging) | 12,779 | 473,845 | |
Trinseo S.A. (Chemicals) | 9,367 | 479,684 |
Ohio National Fund, Inc. | ON BlackRock Advantage Small Cap Growth Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Materials (continued) | |||
Venator Materials PLC (Chemicals) | (a) | 146,203 | $ 483,932 |
Worthington Industries, Inc. (Metals & Mining) | 1,921 | 98,624 | |
6,422,455 | |||
Real Estate–3.6% | |||
CorePoint Lodging, Inc. (Equity REIT) | 17,898 | 123,138 | |
First Industrial Realty Trust, Inc. (Equity REIT) | 9,113 | 383,931 | |
Four Corners Property Trust, Inc. (Equity REIT) | 19,220 | 572,179 | |
Macerich Co. / The (Equity REIT) | 19,671 | 209,890 | |
Marcus & Millichap, Inc. (Real Estate Mgmt. & Development) | (a) | 52,285 | 1,946,570 |
NexPoint Residential Trust, Inc. (Equity REIT) | 5,025 | 212,608 | |
Plymouth Industrial REIT, Inc. (Equity REIT) | 12,071 | 181,065 | |
QTS Realty Trust, Inc. Class A (Equity REIT) | 22,367 | 1,384,070 | |
RE/MAX Holdings, Inc. Class A (Real Estate Mgmt. & Development) | 9,169 | 333,110 | |
Redfin Corp. (Real Estate Mgmt. & Development) | (a) | 17,768 | 1,219,418 |
RMR Group, Inc. / The Class A (Real Estate Mgmt. & Development) | 8,260 | 319,001 | |
Ryman Hospitality Properties, Inc. (Equity REIT) | 5,918 | 401,004 | |
Uniti Group, Inc. (Equity REIT) | 26,700 | 313,191 | |
7,599,175 | |||
Utilities–1.0% | |||
American States Water Co. (Water Utilities) | 639 | 50,807 | |
Brookfield Infrastructure Corp. Class A (Gas Utilities) | 5,664 | 409,507 |
Common Stocks (Continued) | Shares | Value | |
Utilities (continued) | |||
New Jersey Resources Corp. (Gas Utilities) | 20,087 | $ 714,093 | |
Northwest Natural Holding Co. (Gas Utilities) | 2,915 | 134,061 | |
Ormat Technologies, Inc. (Ind. Power & Renewable Elec.) | 4,417 | 398,767 | |
Southwest Gas Holdings, Inc. (Gas Utilities) | 1,577 | 95,803 | |
Sunnova Energy International, Inc. (Ind. Power & Renewable Elec.) | (a) | 5,836 | 263,378 |
2,066,416 | |||
Total Common Stocks (Cost $156,304,737) | $211,882,045 |
Rights –0.0% | Quantity | Value | |
Health Care–0.0% | |||
Alder BioPharmaceuticals, Inc. CVR (Pharmaceuticals) | 14,631 | $ 12,875 | |
Total Rights (Cost $12,875) | $ 12,875 |
Money Market Funds–2.4% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.097% | (b) | 5,081,422 | $ 5,082,439 |
Total Money Market Funds (Cost $5,082,439) | $ 5,082,439 | ||
Total Investments – 103.4% (Cost $161,400,051) | (c) | $216,977,359 | |
Liabilities in Excess of Other Assets – (3.4)% | (d) | (7,195,500) | |
Net Assets – 100.0% | $209,781,859 |
Percentages are stated as a percent of net assets. |
Abbreviations: | ||
ADR: | American Depositary Receipts | |
CVR: | Contingent Value Right |
Footnotes: | ||
(a) | Non-income producing security. | |
(b) | Rate represents the seven-day yield at December 31, 2020. | |
(c) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 8 of the Notes to Financial Statements. | |
(d) | Includes $336,000 of cash pledged as collateral for the futures contracts outstanding at December 31, 2020. See also the following Schedule of Open Futures Contracts. |
Schedule of Open Futures Contracts | December 31, 2020 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
CME E-mini Russell 2000 Index - Long | 56 | March 19, 2021 | $5,446,731 | $5,529,440 | $82,709 | $(14,068) |
Ohio National Fund, Inc. | ON S&P MidCap 400® Index Portfolio (Unaudited) |
Average Annual returns | |
One year | 13.33% |
Five years | 9.76% |
Ten years | 9.91% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2020. |
Ohio National Fund, Inc. | ON S&P MidCap 400® Index Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2020 (1) | |
% of Net Assets | |
Common Stocks (4) | 101.7 |
Money Market Funds Less Net Liabilities | (1.7) |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2020 (1) (2) (3) | ||
% of Net Assets | ||
1. | Enphase Energy, Inc. | 1.1 |
2. | Trimble, Inc. | 0.8 |
3. | SolarEdge Technologies, Inc. | 0.8 |
4. | Monolithic Power Systems, Inc. | 0.8 |
5. | Caesars Entertainment, Inc. | 0.7 |
6. | Fair Isaac Corp. | 0.7 |
7. | Generac Holdings, Inc. | 0.7 |
8. | Cognex Corp. | 0.7 |
9. | Ceridian HCM Holding, Inc. | 0.7 |
10. | Masimo Corp. | 0.7 |
(1) | Composition of Portfolio subject to change. | |
(2) | Short-term investments have been excluded from the list of Top 10 Portfolio Holdings. | |
(3) | Top 10 Portfolio Holdings is presented at an individual security level. Total investment exposure by issuer may be higher. | |
(4) | Sectors (Common Stocks): |
% of Net Assets | |
Industrials | 18.0 |
Information Technology | 17.6 |
Financials | 15.3 |
Consumer Discretionary | 14.4 |
Health Care | 11.3 |
Real Estate | 9.1 |
Materials | 5.8 |
Consumer Staples | 3.7 |
Utilities | 3.5 |
Communication Services | 1.8 |
Energy | 1.2 |
101.7 |
Ohio National Fund, Inc. | ON S&P MidCap 400® Index Portfolio |
Schedule of Investments | December 31, 2020 |
Common Stocks–101.7% | Shares | Value | |
Communication Services–1.8% | |||
Cable One, Inc. (Media) | 1,144 | $ 2,548,512 | |
Cinemark Holdings, Inc. (Entertainment) | 22,802 | 396,983 | |
John Wiley & Sons, Inc. Class A (Media) | 9,255 | 422,583 | |
New York Times Co. / The Class A (Media) | 30,504 | 1,579,192 | |
TEGNA, Inc. (Media) | 46,428 | 647,671 | |
Telephone & Data Systems, Inc. (Wireless Telecom. Svs.) | 21,121 | 392,217 | |
TripAdvisor, Inc. (Interactive Media & Svs.) | (a) | 20,390 | 586,824 |
World Wrestling Entertainment, Inc. Class A (Entertainment) | 9,902 | 475,791 | |
Yelp, Inc. (Interactive Media & Svs.) | (a) | 14,748 | 481,817 |
7,531,590 | |||
Consumer Discretionary–14.4% | |||
Adient PLC (Auto Components) | (a) | 19,908 | 692,201 |
Adtalem Global Education, Inc. (Diversified Consumer Svs.) | (a) | 11,017 | 374,027 |
American Eagle Outfitters, Inc. (Specialty Retail) | 31,704 | 636,299 | |
AutoNation, Inc. (Specialty Retail) | (a) | 12,481 | 871,049 |
Boyd Gaming Corp. (Hotels, Restaurants & Leisure) | 17,028 | 730,842 | |
Brunswick Corp. (Leisure Products) | 16,608 | 1,266,194 | |
Caesars Entertainment, Inc. (Hotels, Restaurants & Leisure) | (a) | 44,020 | 3,269,365 |
Carter's, Inc. (Textiles, Apparel & Luxury Goods) | 9,254 | 870,524 | |
Choice Hotels International, Inc. (Hotels, Restaurants & Leisure) | 6,114 | 652,547 | |
Churchill Downs, Inc. (Hotels, Restaurants & Leisure) | 7,528 | 1,466,379 | |
Columbia Sportswear Co. (Textiles, Apparel & Luxury Goods) | 6,456 | 564,125 | |
Cracker Barrel Old Country Store, Inc. (Hotels, Restaurants & Leisure) | 5,030 | 663,558 | |
Dana, Inc. (Auto Components) | 30,640 | 598,093 | |
Deckers Outdoor Corp. (Textiles, Apparel & Luxury Goods) | (a) | 5,917 | 1,696,877 |
Dick's Sporting Goods, Inc. (Specialty Retail) | 13,937 | 783,399 | |
Five Below, Inc. (Specialty Retail) | (a) | 11,845 | 2,072,638 |
Foot Locker, Inc. (Specialty Retail) | 22,114 | 894,290 | |
Fox Factory Holding Corp. (Auto Components) | (a) | 8,844 | 934,899 |
Gentex Corp. (Auto Components) | 51,945 | 1,762,494 | |
Goodyear Tire & Rubber Co. / The (Auto Components) | 49,451 | 539,510 | |
Graham Holdings Co. Class B (Diversified Consumer Svs.) | 857 | 457,107 | |
Grand Canyon Education, Inc. (Diversified Consumer Svs.) | (a) | 9,934 | 924,955 |
Grubhub, Inc. (Internet & Direct Marketing Retail) | (a) | 19,664 | 1,460,445 |
H&R Block, Inc. (Diversified Consumer Svs.) | 38,896 | 616,891 | |
Harley-Davidson, Inc. (Automobiles) | 32,498 | 1,192,677 | |
Helen of Troy Ltd. (Household Durables) | (a) | 5,374 | 1,194,049 |
Jack in the Box, Inc. (Hotels, Restaurants & Leisure) | 4,817 | 447,018 | |
KB Home (Household Durables) | 18,675 | 625,986 | |
Kohl's Corp. (Multiline Retail) | 33,185 | 1,350,298 | |
Lear Corp. (Auto Components) | 11,488 | 1,826,937 | |
Lithia Motors, Inc. Class A (Specialty Retail) | 5,538 | 1,620,806 | |
Marriott Vacations Worldwide Corp. (Hotels, Restaurants & Leisure) | 8,706 | 1,194,637 | |
Mattel, Inc. (Leisure Products) | (a) | 73,784 | 1,287,531 |
Murphy U.S.A., Inc. (Specialty Retail) | 5,632 | 737,060 | |
Nordstrom, Inc. (Multiline Retail) | 23,072 | 720,077 | |
Ollie's Bargain Outlet Holdings, Inc. (Multiline Retail) | (a) | 12,058 | 985,983 |
Common Stocks (Continued) | Shares | Value | |
Consumer Discretionary (continued) | |||
Papa John's International, Inc. (Hotels, Restaurants & Leisure) | 6,981 | $ 592,338 | |
Penn National Gaming, Inc. (Hotels, Restaurants & Leisure) | (a) | 31,168 | 2,691,980 |
Polaris, Inc. (Leisure Products) | 12,295 | 1,171,468 | |
RH (Specialty Retail) | (a) | 3,310 | 1,481,291 |
Scientific Games Corp. (Hotels, Restaurants & Leisure) | (a) | 11,887 | 493,192 |
Service Corp. International (Diversified Consumer Svs.) | 36,366 | 1,785,571 | |
Six Flags Entertainment Corp. (Hotels, Restaurants & Leisure) | 16,039 | 546,930 | |
Skechers U.S.A., Inc. Class A (Textiles, Apparel & Luxury Goods) | (a) | 28,747 | 1,033,167 |
Strategic Education, Inc. (Diversified Consumer Svs.) | 5,175 | 493,333 | |
Taylor Morrison Home Corp. (Household Durables) | (a) | 27,552 | 706,709 |
Tempur Sealy International, Inc. (Household Durables) | (a) | 40,685 | 1,098,495 |
Texas Roadhouse, Inc. (Hotels, Restaurants & Leisure) | 13,847 | 1,082,281 | |
Thor Industries, Inc. (Automobiles) | 11,738 | 1,091,517 | |
Toll Brothers, Inc. (Household Durables) | 24,345 | 1,058,277 | |
TopBuild Corp. (Household Durables) | (a) | 7,001 | 1,288,744 |
TRI Pointe Group, Inc. (Household Durables) | (a) | 26,897 | 463,973 |
Urban Outfitters, Inc. (Specialty Retail) | (a) | 14,509 | 371,430 |
Visteon Corp. (Auto Components) | (a) | 5,901 | 740,693 |
W.W. International, Inc. (Diversified Consumer Svs.) | (a) | 9,965 | 243,146 |
Wendy's Co. / The (Hotels, Restaurants & Leisure) | 38,008 | 833,135 | |
Williams-Sonoma, Inc. (Specialty Retail) | 16,237 | 1,653,576 | |
Wingstop, Inc. (Hotels, Restaurants & Leisure) | 6,293 | 834,137 | |
Wyndham Destinations, Inc. (Hotels, Restaurants & Leisure) | 18,206 | 816,721 | |
Wyndham Hotels & Resorts, Inc. (Hotels, Restaurants & Leisure) | 19,754 | 1,174,178 | |
61,728,049 | |||
Consumer Staples–3.7% | |||
BJ's Wholesale Club Holdings, Inc. (Food & Staples Retailing) | (a) | 29,105 | 1,085,034 |
Boston Beer Co., Inc. / The Class A (Beverages) | (a) | 1,938 | 1,926,934 |
Casey's General Stores, Inc. (Food & Staples Retailing) | 7,761 | ���1,386,270 | |
Coty, Inc. Class A (Personal Products) | 59,951 | 420,856 | |
Darling Ingredients, Inc. (Food Products) | (a) | 34,188 | 1,971,964 |
Edgewell Personal Care Co. (Personal Products) | 11,526 | 398,569 | |
Energizer Holdings, Inc. (Household Products) | 12,351 | 520,965 | |
Flowers Foods, Inc. (Food Products) | 41,709 | 943,875 | |
Grocery Outlet Holding Corp. (Food & Staples Retailing) | (a) | 18,165 | 712,976 |
Hain Celestial Group, Inc. / The (Food Products) | (a) | 17,515 | 703,227 |
Ingredion, Inc. (Food Products) | 14,203 | 1,117,350 | |
Lancaster Colony Corp. (Food Products) | 4,144 | 761,377 | |
Nu Skin Enterprises, Inc. Class A (Personal Products) | 10,820 | 591,097 | |
Pilgrim's Pride Corp. (Food Products) | (a) | 10,328 | 202,532 |
Post Holdings, Inc. (Food Products) | (a) | 12,989 | 1,312,019 |
Sanderson Farms, Inc. (Food Products) | 4,197 | 554,843 | |
Sprouts Farmers Market, Inc. (Food & Staples Retailing) | (a) | 25,010 | 502,701 |
Ohio National Fund, Inc. | ON S&P MidCap 400® Index Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Consumer Staples (continued) | |||
Tootsie Roll Industries, Inc. (Food Products) | 3,668 | $ 108,940 | |
TreeHouse Foods, Inc. (Food Products) | (a) | 11,982 | 509,115 |
15,730,644 | |||
Energy–1.2% | |||
Antero Midstream Corp. (Oil, Gas & Consumable Fuels) | 60,654 | 467,642 | |
ChampionX Corp. (Energy Equip. & Svs.) | (a) | 39,413 | 603,019 |
Cimarex Energy Co. (Oil, Gas & Consumable Fuels) | 21,631 | 811,379 | |
CNX Resources Corp. (Oil, Gas & Consumable Fuels) | (a) | 47,615 | 514,242 |
EQT Corp. (Oil, Gas & Consumable Fuels) | 58,440 | 742,772 | |
Equitrans Midstream Corp. (Oil, Gas & Consumable Fuels) | 86,214 | 693,161 | |
Murphy Oil Corp. (Oil, Gas & Consumable Fuels) | 30,511 | 369,183 | |
World Fuel Services Corp. (Oil, Gas & Consumable Fuels) | 13,472 | 419,788 | |
WPX Energy, Inc. (Oil, Gas & Consumable Fuels) | (a) | 85,550 | 697,232 |
5,318,418 | |||
Financials–15.3% | |||
Affiliated Managers Group, Inc. (Capital Markets) | 9,617 | 978,049 | |
Alleghany Corp. (Insurance) | 3,009 | 1,816,503 | |
American Financial Group, Inc. (Insurance) | 14,915 | 1,306,852 | |
Associated Banc-Corp. (Banks) | 32,575 | 555,404 | |
BancorpSouth Bank (Banks) | 20,471 | 561,724 | |
Bank of Hawaii Corp. (Banks) | 8,493 | 650,734 | |
Bank OZK (Banks) | 25,628 | 801,388 | |
Brighthouse Financial, Inc. (Insurance) | (a) | 18,939 | 685,687 |
Brown & Brown, Inc. (Insurance) | 49,974 | 2,369,267 | |
Cathay General Bancorp (Banks) | 15,875 | 511,016 | |
CIT Group, Inc. (Banks) | 20,892 | 750,023 | |
CNO Financial Group, Inc. (Insurance) | 29,476 | 655,252 | |
Commerce Bancshares, Inc. (Banks) | 22,341 | 1,467,804 | |
Cullen / Frost Bankers, Inc. (Banks) | 11,858 | 1,034,373 | |
East West Bancorp, Inc. (Banks) | 29,708 | 1,506,493 | |
Eaton Vance Corp. (Capital Markets) | 24,210 | 1,644,585 | |
Essent Group Ltd. (Thrifts & Mortgage Finance) | 23,833 | 1,029,586 | |
Evercore, Inc. Class A (Capital Markets) | 8,614 | 944,439 | |
FactSet Research Systems, Inc. (Capital Markets) | 8,014 | 2,664,655 | |
Federated Hermes, Inc. (Capital Markets) | 20,014 | 578,204 | |
First American Financial Corp. (Insurance) | 23,475 | 1,212,014 | |
First Financial Bankshares, Inc. (Banks) | 30,115 | 1,089,410 | |
First Horizon Corp. (Banks) | 117,622 | 1,500,857 | |
FirstCash, Inc. (Consumer Finance) | 8,775 | 614,601 | |
FNB Corp. (Banks) | 68,428 | 650,066 | |
Fulton Financial Corp. (Banks) | 34,406 | 437,644 | |
Genworth Financial, Inc. Class A (Insurance) | (a) | 107,291 | 405,560 |
Glacier Bancorp, Inc. (Banks) | 20,223 | 930,460 | |
Hancock Whitney Corp. (Banks) | 18,325 | 623,417 | |
Hanover Insurance Group, Inc. / The (Insurance) | 7,898 | 923,434 | |
Home BancShares, Inc. (Banks) | 32,211 | 627,470 | |
Interactive Brokers Group, Inc. Class A (Capital Markets) | 17,124 | 1,043,194 | |
International Bancshares Corp. (Banks) | 11,803 | 441,904 | |
Janus Henderson Group PLC (Capital Markets) | 31,538 | 1,025,300 | |
Jefferies Financial Group, Inc. (Diversified Financial Svs.) | 43,871 | 1,079,227 | |
Kemper Corp. (Insurance) | 13,034 | 1,001,402 | |
Kinsale Capital Group, Inc. (Insurance) | 4,519 | 904,387 | |
LendingTree, Inc. (Consumer Finance) | (a) | 2,314 | 633,550 |
Mercury General Corp. (Insurance) | 5,634 | 294,151 |
Common Stocks (Continued) | Shares | Value | |
Financials (continued) | |||
MGIC Investment Corp. (Thrifts & Mortgage Finance) | 71,783 | $ 900,877 | |
Navient Corp. (Consumer Finance) | 39,510 | 387,988 | |
New York Community Bancorp, Inc. (Thrifts & Mortgage Finance) | 98,361 | 1,037,709 | |
Old Republic International Corp. (Insurance) | 59,964 | 1,181,890 | |
PacWest Bancorp (Banks) | 24,772 | 629,209 | |
Pinnacle Financial Partners, Inc. (Banks) | 16,079 | 1,035,488 | |
Primerica, Inc. (Insurance) | 8,332 | 1,115,905 | |
PROG Holdings, Inc. (Consumer Finance) | 14,322 | 771,526 | |
Prosperity Bancshares, Inc. (Banks) | 19,620 | 1,360,843 | |
Reinsurance Group of America, Inc. (Insurance) | 14,317 | 1,659,340 | |
RenaissanceRe Holdings Ltd. (Insurance) | 10,699 | 1,774,108 | |
RLI Corp. (Insurance) | 8,405 | 875,381 | |
SEI Investments Co. (Capital Markets) | 25,435 | 1,461,749 | |
Selective Insurance Group, Inc. (Insurance) | 12,681 | 849,373 | |
Signature Bank (Banks) | 11,263 | 1,523,771 | |
SLM Corp. (Consumer Finance) | 79,541 | 985,513 | |
Sterling Bancorp (Banks) | 41,214 | 741,028 | |
Stifel Financial Corp. (Capital Markets) | 21,837 | 1,101,895 | |
Synovus Financial Corp. (Banks) | 31,337 | 1,014,379 | |
TCF Financial Corp. (Banks) | 32,329 | 1,196,820 | |
Texas Capital Bancshares, Inc. (Banks) | (a) | 10,698 | 636,531 |
Trustmark Corp. (Banks) | 13,444 | 367,156 | |
UMB Financial Corp. (Banks) | 9,162 | 632,086 | |
Umpqua Holdings Corp. (Banks) | 46,708 | 707,159 | |
United Bankshares, Inc. (Banks) | 26,877 | 870,815 | |
Valley National Bancorp (Banks) | 85,632 | 834,912 | |
Washington Federal, Inc. (Thrifts & Mortgage Finance) | 16,059 | 413,359 | |
Webster Financial Corp. (Banks) | 19,098 | 804,981 | |
Wintrust Financial Corp. (Banks) | 12,219 | 746,459 | |
65,568,336 | |||
Health Care–11.3% | |||
Acadia Healthcare Co., Inc. (Health Care Providers & Svs.) | (a) | 18,868 | 948,306 |
Amedisys, Inc. (Health Care Providers & Svs.) | (a) | 6,921 | 2,030,137 |
Arrowhead Pharmaceuticals, Inc. (Biotechnology) | (a) | 21,786 | 1,671,640 |
Avanos Medical, Inc. (Health Care Equip. & Supplies) | (a) | 10,141 | 465,269 |
Bio-Techne Corp. (Life Sciences Tools & Svs.) | 8,145 | 2,586,445 | |
Cantel Medical Corp. (Health Care Equip. & Supplies) | 7,986 | 629,776 | |
Charles River Laboratories International, Inc. (Life Sciences Tools & Svs.) | (a) | 10,545 | 2,634,774 |
Chemed Corp. (Health Care Providers & Svs.) | 3,363 | 1,791,167 | |
Emergent BioSolutions, Inc. (Biotechnology) | (a) | 9,552 | 855,859 |
Encompass Health Corp. (Health Care Providers & Svs.) | 20,959 | 1,733,100 | |
Exelixis, Inc. (Biotechnology) | (a) | 65,780 | 1,320,205 |
Globus Medical, Inc. Class A (Health Care Equip. & Supplies) | (a) | 16,163 | 1,054,151 |
Haemonetics Corp. (Health Care Equip. & Supplies) | (a) | 10,765 | 1,278,344 |
Halozyme Therapeutics, Inc. (Biotechnology) | (a) | 26,942 | 1,150,693 |
HealthEquity, Inc. (Health Care Providers & Svs.) | (a) | 16,297 | 1,136,064 |
Hill-Rom Holdings, Inc. (Health Care Equip. & Supplies) | 14,061 | 1,377,556 | |
ICU Medical, Inc. (Health Care Equip. & Supplies) | (a) | 4,136 | 887,131 |
Integra LifeSciences Holdings Corp. (Health Care Equip. & Supplies) | (a) | 15,007 | 974,254 |
Jazz Pharmaceuticals PLC (Pharmaceuticals) | (a) | 11,745 | 1,938,512 |
LHC Group, Inc. (Health Care Providers & Svs.) | (a) | 6,697 | 1,428,604 |
Ligand Pharmaceuticals, Inc. (Biotechnology) | (a) | 3,395 | 337,633 |
Ohio National Fund, Inc. | ON S&P MidCap 400® Index Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
LivaNova PLC (Health Care Equip. & Supplies) | (a) | 10,304 | $ 682,228 |
Masimo Corp. (Health Care Equip. & Supplies) | (a) | 10,694 | 2,870,056 |
Medpace Holdings, Inc. (Life Sciences Tools & Svs.) | (a) | 5,839 | 812,789 |
Molina Healthcare, Inc. (Health Care Providers & Svs.) | (a) | 12,524 | 2,663,604 |
Nektar Therapeutics (Pharmaceuticals) | (a) | 38,045 | 646,765 |
Neogen Corp. (Health Care Equip. & Supplies) | (a) | 11,244 | 891,649 |
NuVasive, Inc. (Health Care Equip. & Supplies) | (a) | 10,874 | 612,532 |
Patterson Cos., Inc. (Health Care Providers & Svs.) | 18,416 | 545,666 | |
Penumbra, Inc. (Health Care Equip. & Supplies) | (a) | 7,159 | 1,252,825 |
PRA Health Sciences, Inc. (Life Sciences Tools & Svs.) | (a) | 13,600 | 1,705,984 |
Prestige Consumer Healthcare, Inc. (Pharmaceuticals) | (a) | 10,589 | 369,238 |
Quidel Corp. (Health Care Equip. & Supplies) | (a) | 8,116 | 1,458,039 |
Repligen Corp. (Life Sciences Tools & Svs.) | (a) | 10,670 | 2,044,692 |
Syneos Health, Inc. (Life Sciences Tools & Svs.) | (a) | 16,096 | 1,096,620 |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | (a) | 22,372 | 893,314 |
United Therapeutics Corp. (Biotechnology) | (a) | 9,423 | 1,430,317 |
48,205,938 | |||
Industrials–18.0% | |||
Acuity Brands, Inc. (Electrical Equip.) | 7,810 | 945,713 | |
AECOM (Construction & Engineering) | (a) | 31,741 | 1,580,067 |
AGCO Corp. (Machinery) | 12,923 | 1,332,232 | |
ASGN, Inc. (Professional Svs.) | (a) | 11,215 | 936,789 |
Avis Budget Group, Inc. (Road & Rail) | (a) | 10,917 | 407,204 |
Axon Enterprise, Inc. (Aerospace & Defense) | (a) | 13,473 | 1,650,847 |
Brink's Co. / The (Commercial Svs. & Supplies) | 10,461 | 753,192 | |
Builders FirstSource, Inc. (Building Products) | (a) | 43,300 | 1,767,073 |
Carlisle Cos., Inc. (Industrial Conglomerates) | 11,221 | 1,752,496 | |
Clean Harbors, Inc. (Commercial Svs. & Supplies) | (a) | 10,767 | 819,369 |
Colfax Corp. (Machinery) | (a) | 21,350 | 816,424 |
CoreLogic, Inc. (Professional Svs.) | 16,487 | 1,274,775 | |
Crane Co. (Machinery) | 10,474 | 813,411 | |
Curtiss-Wright Corp. (Aerospace & Defense) | 8,800 | 1,023,880 | |
Donaldson Co., Inc. (Machinery) | 26,759 | 1,495,293 | |
Dycom Industries, Inc. (Construction & Engineering) | (a) | 6,766 | 510,968 |
EMCOR Group, Inc. (Construction & Engineering) | 11,645 | 1,065,052 | |
EnerSys (Electrical Equip.) | 9,028 | 749,866 | |
Fluor Corp. (Construction & Engineering) | 26,541 | 423,860 | |
FTI Consulting, Inc. (Professional Svs.) | (a) | 7,560 | 844,603 |
GATX Corp. (Trading Companies & Distributors) | 7,421 | 617,279 | |
Generac Holdings, Inc. (Electrical Equip.) | (a) | 13,262 | 3,015,911 |
Graco, Inc. (Machinery) | 35,373 | 2,559,237 | |
Healthcare Services Group, Inc. (Commercial Svs. & Supplies) | 15,781 | 443,446 | |
Herman Miller, Inc. (Commercial Svs. & Supplies) | 12,491 | 422,196 | |
Hexcel Corp. (Aerospace & Defense) | 17,508 | 848,963 | |
HNI Corp. (Commercial Svs. & Supplies) | 9,060 | 312,208 | |
Hubbell, Inc. (Electrical Equip.) | 11,498 | 1,802,771 | |
IAA, Inc. (Commercial Svs. & Supplies) | (a) | 28,354 | 1,842,443 |
Insperity, Inc. (Professional Svs.) | 7,563 | 615,779 | |
ITT, Inc. (Machinery) | 18,316 | 1,410,698 | |
JetBlue Airways Corp. (Airlines) | (a) | 66,688 | 969,643 |
KAR Auction Services, Inc. (Commercial Svs. & Supplies) | 27,412 | 510,137 | |
Kennametal, Inc. (Machinery) | 17,658 | 639,926 | |
Kirby Corp. (Marine) | (a) | 12,733 | 659,951 |
Common Stocks (Continued) | Shares | Value | |
Industrials (continued) | |||
Knight-Swift Transportation Holdings, Inc. (Road & Rail) | 26,645 | $ 1,114,294 | |
Landstar System, Inc. (Road & Rail) | 8,136 | 1,095,594 | |
Lennox International, Inc. (Building Products) | 7,345 | 2,012,310 | |
Lincoln Electric Holdings, Inc. (Machinery) | 12,606 | 1,465,447 | |
ManpowerGroup, Inc. (Professional Svs.) | 12,198 | 1,100,016 | |
MasTec, Inc. (Construction & Engineering) | (a) | 11,903 | 811,547 |
Mercury Systems, Inc. (Aerospace & Defense) | (a) | 11,873 | 1,045,536 |
Middleby Corp. / The (Machinery) | (a) | 11,790 | 1,519,967 |
MSA Safety, Inc. (Commercial Svs. & Supplies) | 7,680 | 1,147,315 | |
MSC Industrial Direct Co., Inc. Class A (Trading Companies & Distributors) | 9,702 | 818,752 | |
Nordson Corp. (Machinery) | 11,392 | 2,289,222 | |
nVent Electric PLC (Electrical Equip.) | 36,079 | 840,280 | |
Oshkosh Corp. (Machinery) | 14,457 | 1,244,314 | |
Owens Corning (Building Products) | 22,773 | 1,725,282 | |
Regal Beloit Corp. (Electrical Equip.) | 8,607 | 1,057,026 | |
Ryder System, Inc. (Road & Rail) | 11,427 | 705,731 | |
Simpson Manufacturing Co., Inc. (Building Products) | 9,205 | 860,207 | |
Stericycle, Inc. (Commercial Svs. & Supplies) | (a) | 19,263 | 1,335,504 |
Sunrun, Inc. (Electrical Equip.) | (a) | 33,083 | 2,295,298 |
Terex Corp. (Machinery) | 14,680 | 512,185 | |
Tetra Tech, Inc. (Commercial Svs. & Supplies) | 11,401 | 1,320,008 | |
Timken Co. / The (Machinery) | 14,378 | 1,112,282 | |
Toro Co. / The (Machinery) | 22,638 | 2,146,988 | |
Trex Co., Inc. (Building Products) | (a) | 24,546 | 2,054,991 |
Trinity Industries, Inc. (Machinery) | 17,917 | 472,830 | |
Univar Solutions, Inc. (Trading Companies & Distributors) | (a) | 35,857 | 681,642 |
Valmont Industries, Inc. (Construction & Engineering) | 4,506 | 788,235 | |
Watsco, Inc. (Trading Companies & Distributors) | 6,914 | 1,566,367 | |
Werner Enterprises, Inc. (Road & Rail) | 12,306 | 482,641 | |
Woodward, Inc. (Machinery) | 12,298 | 1,494,576 | |
XPO Logistics, Inc. (Air Freight & Logistics) | (a) | 19,297 | 2,300,202 |
77,050,291 | |||
Information Technology–17.6% | |||
ACI Worldwide, Inc. (Software) | (a) | 24,754 | 951,296 |
Alliance Data Systems Corp. (IT Svs.) | 10,119 | 749,818 | |
Arrow Electronics, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 16,015 | 1,558,259 |
Avnet, Inc. (Electronic Equip., Instr. & Comp.) | 20,958 | 735,835 | |
Belden, Inc. (Electronic Equip., Instr. & Comp.) | 9,441 | 395,578 | |
Blackbaud, Inc. (Software) | 10,508 | 604,840 | |
CACI International, Inc. Class A (IT Svs.) | (a) | 5,346 | 1,332,918 |
CDK Global, Inc. (Software) | 25,797 | 1,337,058 | |
Ceridian HCM Holding, Inc. (Software) | (a) | 27,472 | 2,927,416 |
Ciena Corp. (Communications Equip.) | (a) | 32,486 | 1,716,885 |
Cirrus Logic, Inc. (Semiconductors & Equip.) | (a) | 12,289 | 1,010,156 |
CMC Materials, Inc. (Semiconductors & Equip.) | 6,166 | 932,916 | |
Cognex Corp. (Electronic Equip., Instr. & Comp.) | 36,879 | 2,960,831 | |
Coherent, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 5,182 | 777,404 |
CommVault Systems, Inc. (Software) | (a) | 10,008 | 554,143 |
Concentrix Corp. (IT Svs.) | (a) | 8,733 | 861,947 |
Cree, Inc. (Semiconductors & Equip.) | (a) | 23,392 | 2,477,213 |
Enphase Energy, Inc. (Semiconductors & Equip.) | (a) | 26,720 | 4,688,558 |
Fair Isaac Corp. (Software) | (a) | 6,146 | 3,140,852 |
First Solar, Inc. (Semiconductors & Equip.) | (a) | 17,974 | 1,777,988 |
II-VI, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 21,990 | 1,670,360 |
InterDigital, Inc. (Communications Equip.) | 6,520 | 395,634 | |
J2 Global, Inc. (Software) | (a) | 9,085 | 887,514 |
Ohio National Fund, Inc. | ON S&P MidCap 400® Index Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Information Technology (continued) | |||
Jabil, Inc. (Electronic Equip., Instr. & Comp.) | 28,536 | $ 1,213,636 | |
KBR, Inc. (IT Svs.) | 30,219 | 934,674 | |
Littelfuse, Inc. (Electronic Equip., Instr. & Comp.) | 5,167 | 1,315,828 | |
LiveRamp Holdings, Inc. (IT Svs.) | (a) | 14,059 | 1,028,978 |
Lumentum Holdings, Inc. (Communications Equip.) | (a) | 16,006 | 1,517,369 |
Manhattan Associates, Inc. (Software) | (a) | 13,467 | 1,416,459 |
MAXIMUS, Inc. (IT Svs.) | 13,027 | 953,446 | |
MKS Instruments, Inc. (Semiconductors & Equip.) | 11,620 | 1,748,229 | |
Monolithic Power Systems, Inc. (Semiconductors & Equip.) | 8,952 | 3,278,491 | |
National Instruments Corp. (Electronic Equip., Instr. & Comp.) | 27,824 | 1,222,587 | |
NCR Corp. (Tech. Hardware, Storage & Periph.) | (a) | 27,330 | 1,026,788 |
NetScout Systems, Inc. (Communications Equip.) | (a) | 15,600 | 427,752 |
Paylocity Holding Corp. (Software) | (a) | 7,935 | 1,633,896 |
Perspecta, Inc. (IT Svs.) | 28,986 | 697,983 | |
PTC, Inc. (Software) | (a) | 22,139 | 2,648,046 |
Qualys, Inc. (Software) | (a) | 7,113 | 866,861 |
Sabre Corp. (IT Svs.) | 67,226 | 808,057 | |
Sailpoint Technologies Holdings, Inc. (Software) | (a) | 19,273 | 1,026,095 |
Science Applications International Corp. (IT Svs.) | 12,344 | 1,168,236 | |
Semtech Corp. (Semiconductors & Equip.) | (a) | 13,780 | 993,400 |
Silicon Laboratories, Inc. (Semiconductors & Equip.) | (a) | 9,291 | 1,183,116 |
SolarEdge Technologies, Inc. (Semiconductors & Equip.) | (a) | 10,826 | 3,454,793 |
Synaptics, Inc. (Semiconductors & Equip.) | (a) | 7,318 | 705,455 |
SYNNEX Corp. (Electronic Equip., Instr. & Comp.) | 8,743 | 712,030 | |
Teradata Corp. (Software) | (a) | 22,785 | 511,979 |
Trimble, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 52,858 | 3,529,329 |
Universal Display Corp. (Semiconductors & Equip.) | 9,044 | 2,078,311 | |
Viasat, Inc. (Communications Equip.) | (a) | 13,605 | 444,203 |
Vishay Intertechnology, Inc. (Electronic Equip., Instr. & Comp.) | 28,136 | 582,697 | |
WEX, Inc. (IT Svs.) | (a) | 9,306 | 1,894,050 |
75,468,193 | |||
Materials–5.8% | |||
AptarGroup, Inc. (Containers & Packaging) | 13,718 | 1,877,857 | |
Ashland Global Holdings, Inc. (Chemicals) | 11,560 | 915,552 | |
Avient Corp. (Chemicals) | 19,134 | 770,717 | |
Cabot Corp. (Chemicals) | 12,002 | 538,650 | |
Chemours Co. / The (Chemicals) | 34,862 | 864,229 | |
Commercial Metals Co. (Metals & Mining) | 25,468 | 523,113 | |
Compass Minerals International, Inc. (Metals & Mining) | 7,194 | 444,014 | |
Domtar Corp. (Paper & Forest Products) | 11,707 | 370,526 | |
Eagle Materials, Inc. (Construction Materials) | 8,865 | 898,468 | |
Greif, Inc. Class A (Containers & Packaging) | 5,608 | 262,903 | |
Ingevity Corp. (Chemicals) | (a) | 8,752 | 662,789 |
Louisiana-Pacific Corp. (Paper & Forest Products) | 23,179 | 861,563 | |
Minerals Technologies, Inc. (Chemicals) | 7,208 | 447,761 | |
NewMarket Corp. (Chemicals) | 1,551 | 617,748 | |
O-I Glass, Inc. (Containers & Packaging) | 33,326 | 396,579 | |
Olin Corp. (Chemicals) | 30,125 | 739,870 | |
Reliance Steel & Aluminum Co. (Metals & Mining) | 13,426 | 1,607,763 | |
Royal Gold, Inc. (Metals & Mining) | 13,909 | 1,479,361 |
Common Stocks (Continued) | Shares | Value | |
Materials (continued) | |||
RPM International, Inc. (Chemicals) | 27,409 | $ 2,488,189 | |
Scotts Miracle-Gro Co. / The (Chemicals) | 8,626 | 1,717,782 | |
Sensient Technologies Corp. (Chemicals) | 8,980 | 662,455 | |
Silgan Holdings, Inc. (Containers & Packaging) | 16,641 | 617,048 | |
Sonoco Products Co. (Containers & Packaging) | 21,287 | 1,261,255 | |
Steel Dynamics, Inc. (Metals & Mining) | 42,102 | 1,552,301 | |
United States Steel Corp. (Metals & Mining) | 46,650 | 782,320 | |
Valvoline, Inc. (Chemicals) | 39,277 | 908,870 | |
Worthington Industries, Inc. (Metals & Mining) | 7,611 | 390,749 | |
24,660,432 | |||
Real Estate–9.1% | |||
American Campus Communities, Inc. (Equity REIT) | 28,946 | 1,238,020 | |
Apartment Income REIT Corp. (Equity REIT) | (a) | 31,302 | 1,202,310 |
Brixmor Property Group, Inc. (Equity REIT) | 62,262 | 1,030,436 | |
Camden Property Trust (Equity REIT) | 20,549 | 2,053,256 | |
CoreSite Realty Corp. (Equity REIT) | 9,068 | 1,136,039 | |
Corporate Office Properties Trust (Equity REIT) | 23,794 | 620,548 | |
Cousins Properties, Inc. (Equity REIT) | 31,504 | 1,055,384 | |
CyrusOne, Inc. (Equity REIT) | 25,395 | 1,857,644 | |
Douglas Emmett, Inc. (Equity REIT) | 34,962 | 1,020,191 | |
EastGroup Properties, Inc. (Equity REIT) | 8,387 | 1,157,909 | |
EPR Properties (Equity REIT) | 15,824 | 514,280 | |
First Industrial Realty Trust, Inc. (Equity REIT) | 27,362 | 1,152,761 | |
Healthcare Realty Trust, Inc. (Equity REIT) | 28,815 | 852,924 | |
Highwoods Properties, Inc. (Equity REIT) | 22,041 | 873,485 | |
Hudson Pacific Properties, Inc. (Equity REIT) | 32,270 | 775,125 | |
JBG SMITH Properties (Equity REIT) | 23,597 | 737,878 | |
Jones Lang LaSalle, Inc. (Real Estate Mgmt. & Development) | (a) | 10,810 | 1,603,880 |
Kilroy Realty Corp. (Equity REIT) | 22,240 | 1,276,576 | |
Lamar Advertising Co. Class A (Equity REIT) | 18,203 | 1,514,854 | |
Life Storage, Inc. (Equity REIT) | 10,304 | 1,230,195 | |
Macerich Co. / The (Equity REIT) | 23,473 | 250,457 | |
Medical Properties Trust, Inc. (Equity REIT) | 113,180 | 2,466,192 | |
National Retail Properties, Inc. (Equity REIT) | 36,595 | 1,497,467 | |
Omega Healthcare Investors, Inc. (Equity REIT) | 47,859 | 1,738,239 | |
Park Hotels & Resorts, Inc. (Equity REIT) | 49,390 | 847,038 | |
Pebblebrook Hotel Trust (Equity REIT) | 27,757 | 521,832 | |
Physicians Realty Trust (Equity REIT) | 44,164 | 786,119 | |
PotlatchDeltic Corp. (Equity REIT) | 14,179 | 709,234 | |
PS Business Parks, Inc. (Equity REIT) | 4,255 | 565,362 | |
Rayonier, Inc. (Equity REIT) | 28,912 | 849,435 | |
Rexford Industrial Realty, Inc. (Equity REIT) | 27,673 | 1,359,021 | |
Sabra Health Care REIT, Inc. (Equity REIT) | 43,831 | 761,344 | |
Service Properties Trust (Equity REIT) | 34,962 | 401,713 | |
Spirit Realty Capital, Inc. (Equity REIT) | 24,229 | 973,279 | |
STORE Capital Corp. (Equity REIT) | 49,813 | 1,692,646 | |
Urban Edge Properties (Equity REIT) | 23,082 | 298,681 | |
Weingarten Realty Investors (Equity REIT) | 25,553 | 553,734 | |
39,175,488 | |||
Utilities–3.5% | |||
ALLETE, Inc. (Electric Utilities) | 11,018 | 682,455 | |
Black Hills Corp. (Multi-Utilities) | 13,321 | 818,575 | |
Essential Utilities, Inc. (Water Utilities) | 47,311 | 2,237,337 | |
Hawaiian Electric Industries, Inc. (Electric Utilities) | 23,173 | 820,092 | |
IDACORP, Inc. (Electric Utilities) | 10,694 | 1,026,945 | |
MDU Resources Group, Inc. (Multi-Utilities) | 42,506 | 1,119,608 | |
National Fuel Gas Co. (Gas Utilities) | 19,284 | 793,151 | |
New Jersey Resources Corp. (Gas Utilities) | 20,384 | 724,651 | |
NorthWestern Corp. (Multi-Utilities) | 10,723 | 625,258 | |
OGE Energy Corp. (Electric Utilities) | 42,402 | 1,350,928 | |
ONE Gas, Inc. (Gas Utilities) | 11,254 | 863,970 | |
PNM Resources, Inc. (Electric Utilities) | 16,883 | 819,332 |
Ohio National Fund, Inc. | ON S&P MidCap 400® Index Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Utilities (continued) | |||
Southwest Gas Holdings, Inc. (Gas Utilities) | 12,048 | $ 731,916 | |
Spire, Inc. (Gas Utilities) | 10,944 | 700,854 | |
UGI Corp. (Gas Utilities) | 44,185 | 1,544,708 | |
14,859,780 | |||
Total Common Stocks (Cost $352,004,852) | $435,297,159 |
Money Market Funds–0.6% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.097% | (b) | 2,603,536 | $ 2,604,056 |
Total Money Market Funds (Cost $2,604,056) | $ 2,604,056 | ||
Total Investments – 102.3% (Cost $354,608,908) | (c) | $437,901,215 | |
Liabilities in Excess of Other Assets – (2.3)% | (d) | (9,658,066) | |
Net Assets – 100.0% | $428,243,149 |
Percentages are stated as a percent of net assets. |
Footnotes: | ||
(a) | Non-income producing security. | |
(b) | Rate represents the seven-day yield at December 31, 2020. | |
(c) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 8 of the Notes to Financial Statements. | |
(d) | Includes $189,000 of cash pledged as collateral for the futures contracts outstanding at December 31, 2020. See also the following Schedule of Open Futures Contracts. |
Schedule of Open Futures Contracts | December 31, 2020 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
CME E-mini S&P MidCap 400 Index - Long | 14 | March 19, 2021 | $3,197,448 | $3,224,900 | $27,452 | $1,501 |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Growth Portfolio (Unaudited) |
Average Annual returns | |
One year | 33.97% |
Five years | 17.19% |
Ten years | 14.76% |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Growth Portfolio (Unaudited) (Continued) |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2020. |
Portfolio Composition as of December 31, 2020 (1) | |
% of Net Assets | |
Common Stocks (4) | 97.4 |
Rights (4) | 0.0 |
Money Market Funds Less Net Liabilities | 2.6 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2020 (1) (2) (3) | ||
% of Net Assets | ||
1. | Apple, Inc. | 9.4 |
2. | Microsoft Corp. | 7.5 |
3. | Amazon.com, Inc. | 6.9 |
4. | Tesla, Inc. | 3.2 |
5. | Facebook, Inc. Class A | 3.2 |
6. | NVIDIA Corp. | 2.9 |
7. | Alphabet, Inc. Class A | 2.5 |
8. | Adobe, Inc. | 2.5 |
9. | Alphabet, Inc. Class C | 2.2 |
10. | Visa, Inc. | 1.9 |
(1) | Composition of Portfolio subject to change. | |
(2) | Short-term investments have been excluded from the list of Top 10 Portfolio Holdings. | |
(3) | Top 10 Portfolio Holdings is presented at an individual security level. Total investment exposure by issuer may be higher. | |
(4) | Sectors (Common Stocks, Rights): |
% of Net Assets | |
Information Technology | 44.5 |
Consumer Discretionary | 15.8 |
Health Care | 12.8 |
Communication Services | 10.6 |
Consumer Staples | 4.9 |
Industrials | 4.6 |
Real Estate | 2.0 |
Financials | 1.6 |
Materials | 0.3 |
Utilities | 0.3 |
97.4 |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Growth Portfolio |
Schedule of Investments | December 31, 2020 |
Common Stocks–97.4% | Shares | Value | |
Communication Services–10.6% | |||
Activision Blizzard, Inc. (Entertainment) | 3,699 | $ 343,452 | |
Alphabet, Inc. Class A (Interactive Media & Svs.) | (a) | 1,702 | 2,982,993 |
Alphabet, Inc. Class C (Interactive Media & Svs.) | (a) | 1,437 | 2,517,452 |
Facebook, Inc. Class A (Interactive Media & Svs.) | (a) | 13,609 | 3,717,434 |
Match Group, Inc. (Interactive Media & Svs.) | (a) | 1,269 | 191,860 |
Netflix, Inc. (Entertainment) | (a) | 3,107 | 1,680,048 |
Roku, Inc. (Entertainment) | (a) | 224 | 74,372 |
Spotify Technology SA (Entertainment) | (a) | 544 | 171,175 |
Walt Disney Co. / The (Entertainment) | (a) | 1,642 | 297,498 |
Warner Music Group Corp. Class A (Entertainment) | 2,024 | 76,892 | |
Zynga, Inc. Class A (Entertainment) | (a) | 30,502 | 301,055 |
12,354,231 | |||
Consumer Discretionary–15.8% | |||
Amazon.com, Inc. (Internet & Direct Marketing Retail) | (a) | 2,491 | 8,113,013 |
Booking Holdings, Inc. (Internet & Direct Marketing Retail) | (a) | 38 | 84,636 |
Bright Horizons Family Solutions, Inc. (Diversified Consumer Svs.) | (a) | 292 | 50,513 |
Chipotle Mexican Grill, Inc. (Hotels, Restaurants & Leisure) | (a) | 437 | 605,992 |
Crocs, Inc. (Textiles, Apparel & Luxury Goods) | (a) | 419 | 26,255 |
Dollar General Corp. (Multiline Retail) | 637 | 133,961 | |
Domino's Pizza, Inc. (Hotels, Restaurants & Leisure) | 391 | 149,933 | |
Etsy, Inc. (Internet & Direct Marketing Retail) | (a) | 1,422 | 252,988 |
Home Depot, Inc. / The (Specialty Retail) | 5,575 | 1,480,831 | |
Lowe's Cos., Inc. (Specialty Retail) | 2,321 | 372,544 | |
Lululemon Athletica, Inc. (Textiles, Apparel & Luxury Goods) | (a) | 789 | 274,596 |
MercadoLibre, Inc. (Internet & Direct Marketing Retail) | (a) | 10 | 16,752 |
NIKE, Inc. Class B (Textiles, Apparel & Luxury Goods) | 7,824 | 1,106,861 | |
Nordstrom, Inc. (Multiline Retail) | 5,819 | 181,611 | |
Overstock.com, Inc. (Internet & Direct Marketing Retail) | (a) | 274 | 13,144 |
Planet Fitness, Inc. Class A (Hotels, Restaurants & Leisure) | (a) | 2,987 | 231,881 |
Pool Corp. (Distributors) | 931 | 346,797 | |
Six Flags Entertainment Corp. (Hotels, Restaurants & Leisure) | 3,143 | 107,176 | |
Starbucks Corp. (Hotels, Restaurants & Leisure) | 4,117 | 440,437 | |
Target Corp. (Multiline Retail) | 413 | 72,907 | |
Tesla, Inc. (Automobiles) | (a) | 5,313 | 3,749,225 |
TJX Cos., Inc. / The (Specialty Retail) | 1,263 | 86,250 | |
Wayfair, Inc. Class A (Internet & Direct Marketing Retail) | (a) | 746 | 168,454 |
Wendy's Co. / The (Hotels, Restaurants & Leisure) | 15,813 | 346,621 | |
Wyndham Destinations, Inc. (Hotels, Restaurants & Leisure) | 1,129 | 50,647 | |
18,464,025 | |||
Consumer Staples–4.9% | |||
Brown-Forman Corp. Class A (Beverages) | 1,550 | 113,879 | |
Brown-Forman Corp. Class B (Beverages) | 4,839 | 384,362 | |
Clorox Co. / The (Household Products) | 5,186 | 1,047,157 | |
Coca-Cola Co. / The (Beverages) | 3,530 | 193,585 | |
Colgate-Palmolive Co. (Household Products) | 7,281 | 622,598 | |
Costco Wholesale Corp. (Food & Staples Retailing) | 4,123 | 1,553,464 | |
Estee Lauder Cos., Inc. / The Class A (Personal Products) | 2,480 | 660,151 |
Common Stocks (Continued) | Shares | Value | |
Consumer Staples (continued) | |||
Hershey Co. / The (Food Products) | 3,232 | $ 492,331 | |
McCormick & Co., Inc. (Food Products) | 2,992 | 286,035 | |
PepsiCo, Inc. (Beverages) | 2,654 | 393,588 | |
5,747,150 | |||
Financials–1.6% | |||
American Express Co. (Consumer Finance) | 853 | 103,136 | |
FactSet Research Systems, Inc. (Capital Markets) | 1,182 | 393,015 | |
Marsh & McLennan Cos., Inc. (Insurance) | 3,116 | 364,572 | |
Moody's Corp. (Capital Markets) | 2,853 | 828,055 | |
Rocket Cos., Inc. Class A (Thrifts & Mortgage Finance) | (a) | 11,721 | 236,999 |
1,925,777 | |||
Health Care–12.8% | |||
AbbVie, Inc. (Biotechnology) | 10,215 | 1,094,537 | |
Adaptive Biotechnologies Corp. (Life Sciences Tools & Svs.) | (a) | 469 | 27,732 |
Agilent Technologies, Inc. (Life Sciences Tools & Svs.) | 6,974 | 826,349 | |
Align Technology, Inc. (Health Care Equip. & Supplies) | (a) | 448 | 239,402 |
Amgen, Inc. (Biotechnology) | 4,687 | 1,077,635 | |
Anthem, Inc. (Health Care Providers & Svs.) | 751 | 241,139 | |
Biogen, Inc. (Biotechnology) | (a) | 298 | 72,968 |
Bristol-Myers Squibb Co. (Pharmaceuticals) | 11,743 | 728,418 | |
Cerner Corp. (Health Care Technology) | 2,062 | 161,826 | |
Danaher Corp. (Health Care Equip. & Supplies) | 503 | 111,736 | |
DexCom, Inc. (Health Care Equip. & Supplies) | (a) | 1,922 | 710,602 |
Edwards Lifesciences Corp. (Health Care Equip. & Supplies) | (a) | 9,341 | 852,179 |
Eli Lilly & Co. (Pharmaceuticals) | 3,664 | 618,630 | |
Global Blood Therapeutics, Inc. (Biotechnology) | (a) | 872 | 37,766 |
Henry Schein, Inc. (Health Care Providers & Svs.) | (a) | 3,902 | 260,888 |
IDEXX Laboratories, Inc. (Health Care Equip. & Supplies) | (a) | 1,604 | 801,791 |
Illumina, Inc. (Life Sciences Tools & Svs.) | (a) | 295 | 109,150 |
Insulet Corp. (Health Care Equip. & Supplies) | (a) | 393 | 100,463 |
Intuitive Surgical, Inc. (Health Care Equip. & Supplies) | (a) | 309 | 252,793 |
Johnson & Johnson (Pharmaceuticals) | 2,191 | 344,820 | |
McKesson Corp. (Health Care Providers & Svs.) | 2,478 | 430,974 | |
Merck & Co., Inc. (Pharmaceuticals) | 2,366 | 193,539 | |
Moderna, Inc. (Biotechnology) | (a) | 1,796 | 187,628 |
PPD, Inc. (Life Sciences Tools & Svs.) | (a) | 1,117 | 38,224 |
Quidel Corp. (Health Care Equip. & Supplies) | (a) | 246 | 44,194 |
Regeneron Pharmaceuticals, Inc. (Biotechnology) | (a) | 599 | 289,383 |
Stryker Corp. (Health Care Equip. & Supplies) | 289 | 70,817 | |
Teladoc Health, Inc. (Health Care Technology) | (a) | 1,726 | 345,131 |
Thermo Fisher Scientific, Inc. (Life Sciences Tools & Svs.) | 1,689 | 786,702 | |
UnitedHealth Group, Inc. (Health Care Providers & Svs.) | 4,836 | 1,695,888 | |
Vertex Pharmaceuticals, Inc. (Biotechnology) | (a) | 4,964 | 1,173,192 |
Zoetis, Inc. (Pharmaceuticals) | 5,888 | 974,464 | |
14,900,960 | |||
Industrials–4.6% | |||
Axon Enterprise, Inc. (Aerospace & Defense) | (a) | 292 | 35,779 |
C.H. Robinson Worldwide, Inc. (Air Freight & Logistics) | 567 | 53,224 | |
Cintas Corp. (Commercial Svs. & Supplies) | 443 | 156,583 | |
Copart, Inc. (Commercial Svs. & Supplies) | (a) | 5,899 | 750,648 |
Deere & Co. (Machinery) | 231 | 62,150 | |
Equifax, Inc. (Professional Svs.) | 492 | 94,877 |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Growth Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Industrials (continued) | |||
Expeditors International of Washington, Inc. (Air Freight & Logistics) | 5,449 | $ 518,254 | |
Fastenal Co. (Trading Companies & Distributors) | 3,398 | 165,924 | |
Honeywell International, Inc. (Industrial Conglomerates) | 3,096 | 658,519 | |
IAA, Inc. (Commercial Svs. & Supplies) | (a) | 168 | 10,917 |
IHS Markit Ltd. (Professional Svs.) | 6,137 | 551,287 | |
Landstar System, Inc. (Road & Rail) | 266 | 35,820 | |
Lennox International, Inc. (Building Products) | 1,813 | 496,708 | |
Lockheed Martin Corp. (Aerospace & Defense) | 1,165 | 413,552 | |
Lyft, Inc. Class A (Road & Rail) | (a) | 471 | 23,140 |
Masco Corp. (Building Products) | 1,627 | 89,371 | |
Mercury Systems, Inc. (Aerospace & Defense) | (a) | 848 | 74,675 |
Northrop Grumman Corp. (Aerospace & Defense) | 1,032 | 314,471 | |
Roper Technologies, Inc. (Industrial Conglomerates) | 715 | 308,229 | |
Uber Technologies, Inc. (Road & Rail) | (a) | 428 | 21,828 |
Verisk Analytics, Inc. (Professional Svs.) | 2,031 | 421,615 | |
W.W. Grainger, Inc. (Trading Companies & Distributors) | 173 | 70,643 | |
5,328,214 | |||
Information Technology–44.5% | |||
Accenture PLC Class A (IT Svs.) | 6,503 | 1,698,649 | |
Adobe, Inc. (Software) | (a) | 5,841 | 2,921,201 |
Advanced Micro Devices, Inc. (Semiconductors & Equip.) | (a) | 9,287 | 851,711 |
Analog Devices, Inc. (Semiconductors & Equip.) | 2,292 | 338,597 | |
Apple, Inc. (Tech. Hardware, Storage & Periph.) | 83,010 | 11,014,598 | |
Applied Materials, Inc. (Semiconductors & Equip.) | 14,097 | 1,216,571 | |
Automatic Data Processing, Inc. (IT Svs.) | 3,496 | 615,995 | |
Cadence Design Systems, Inc. (Software) | (a) | 12,223 | 1,667,584 |
Cisco Systems, Inc. (Communications Equip.) | 9,051 | 405,032 | |
Cognex Corp. (Electronic Equip., Instr. & Comp.) | 6,070 | 487,330 | |
Coherent, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 526 | 78,910 |
Dell Technologies, Inc. Class C (Tech. Hardware, Storage & Periph.) | (a) | 307 | 22,500 |
DocuSign, Inc. (Software) | (a) | 253 | 56,242 |
Fiserv, Inc. (IT Svs.) | (a) | 7,882 | 897,444 |
GoDaddy, Inc. Class A (IT Svs.) | (a) | 1,914 | 158,766 |
HubSpot, Inc. (Software) | (a) | 1,138 | 451,149 |
Intel Corp. (Semiconductors & Equip.) | 1,597 | 79,562 | |
Intuit, Inc. (Software) | 1,462 | 555,341 | |
Keysight Technologies, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 99 | 13,077 |
Lam Research Corp. (Semiconductors & Equip.) | 553 | 261,165 | |
Mastercard, Inc. Class A (IT Svs.) | 6,012 | 2,145,923 | |
Microsoft Corp. (Software) | 39,295 | 8,739,994 | |
National Instruments Corp. (Electronic Equip., Instr. & Comp.) | 5,487 | 241,099 | |
NetApp, Inc. (Tech. Hardware, Storage & Periph.) | 2,177 | 144,204 | |
NVIDIA Corp. (Semiconductors & Equip.) | 6,390 | 3,336,858 |
Common Stocks (Continued) | Shares | Value | |
Information Technology (continued) | |||
Okta, Inc. (IT Svs.) | (a) | 1,052 | $ 267,481 |
PayPal Holdings, Inc. (IT Svs.) | (a) | 9,585 | 2,244,807 |
Proofpoint, Inc. (Software) | (a) | 514 | 70,115 |
QUALCOMM, Inc. (Semiconductors & Equip.) | 7,134 | 1,086,794 | |
RingCentral, Inc. Class A (Software) | (a) | 428 | 162,199 |
salesforce.com, Inc. (Software) | (a) | 8,326 | 1,852,785 |
ServiceNow, Inc. (Software) | (a) | 3,808 | 2,096,037 |
Slack Technologies, Inc. Class A (Software) | (a) | 1,312 | 55,419 |
Teradata Corp. (Software) | (a) | 10,977 | 246,653 |
Texas Instruments, Inc. (Semiconductors & Equip.) | 1,343 | 220,427 | |
Trimble, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 3,847 | 256,864 |
Twilio, Inc. Class A (IT Svs.) | (a) | 259 | 87,671 |
Visa, Inc. (IT Svs.) | 10,389 | 2,272,386 | |
VMware, Inc. Class A (Software) | (a) | 3,810 | 534,391 |
Vontier Corp. (Electronic Equip., Instr. & Comp.) | (a) | 709 | 23,681 |
Wix.com Ltd. (IT Svs.) | (a) | 559 | 139,728 |
Workday, Inc. Class A (Software) | (a) | 1,051 | 251,830 |
Xilinx, Inc. (Semiconductors & Equip.) | 1,105 | 156,656 | |
Zebra Technologies Corp. Class A (Electronic Equip., Instr. & Comp.) | (a) | 990 | 380,487 |
Zendesk, Inc. (Software) | (a) | 5,047 | 722,327 |
Zoom Video Communications, Inc. Class A (Software) | (a) | 1,244 | 419,626 |
51,947,866 | |||
Materials–0.3% | |||
PPG Industries, Inc. (Chemicals) | 2,722 | 392,567 | |
Real Estate–2.0% | |||
American Tower Corp. (Equity REIT) | 1,383 | 310,428 | |
Brixmor Property Group, Inc. (Equity REIT) | 6,339 | 104,911 | |
Equinix, Inc. (Equity REIT) | 720 | 514,210 | |
Kilroy Realty Corp. (Equity REIT) | 781 | 44,829 | |
Prologis, Inc. (Equity REIT) | 6,132 | 611,115 | |
Regency Centers Corp. (Equity REIT) | 6,974 | 317,945 | |
Simon Property Group, Inc. (Equity REIT) | 4,555 | 388,450 | |
2,291,888 | |||
Utilities–0.3% | |||
NextEra Energy, Inc. (Electric Utilities) | 4,922 | 379,732 | |
Sunnova Energy International, Inc. (Ind. Power & Renewable Elec.) | (a) | 274 | 12,366 |
392,098 | |||
Total Common Stocks (Cost $88,806,805) | $113,744,776 |
Rights –0.0% | Quantity | Value | |
Health Care–0.0% | |||
Bristol-Myers Squibb Co. (Pharmaceuticals) | (a) | 5,350 | $ 3,692 |
Total Rights (Cost $11,395) | $ 3,692 |
Money Market Funds–2.9% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.097% | (b) | 3,413,464 | $ 3,414,147 |
Total Money Market Funds (Cost $3,414,147) | $ 3,414,147 | ||
Total Investments – 100.3% (Cost $92,232,347) | (c) | $117,162,615 | |
Liabilities in Excess of Other Assets – (0.3)% | (d) | (319,985) | |
Net Assets – 100.0% | $116,842,630 |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Growth Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Percentages are stated as a percent of net assets. |
Footnotes: | ||
(a) | Non-income producing security. | |
(b) | Rate represents the seven-day yield at December 31, 2020. | |
(c) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 8 of the Notes to Financial Statements. | |
(d) | Includes $224,000 of cash pledged as collateral for the futures contracts outstanding at December 31, 2020. See also the following Schedule of Open Futures Contracts. |
Schedule of Open Futures Contracts | December 31, 2020 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
CME E-mini Nasdaq-100 Index - Long | 14 | March 19, 2021 | $3,504,485 | $3,607,940 | $103,455 | $12,320 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Unaudited) |
Average Annual returns | |
One year | 22.15% |
Five years | 13.11% |
Since inception (5/1/14) | 10.78% |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Unaudited) (Continued) |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2020. |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2020 (1) | |
% of Net Assets | |
Common Stocks (4) | 49.0 |
Corporate Bonds (4) | 19.6 |
Purchased Options | 8.6 |
U.S. Treasury Obligations | 6.9 |
Asset-Backed / Mortgage-Backed Securities (4) | 4.5 |
U.S. Government Agency Mortgage-Backed Securities | 2.3 |
Exchange Traded Funds | 1.7 |
Preferred Securities (4) | 0.7 |
Sovereign Issues | 0.5 |
Money Market Funds and Other Net Assets | 6.2 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2020 (1) (2) (3) | ||
% of Net Assets | ||
1. | Microsoft Corp. | 3.5 |
2. | Alphabet, Inc. Class C | 2.5 |
3. | U.S. Treasury Note 0.500%, 03/31/2025 | 2.0 |
4. | Amazon.com, Inc. | 2.0 |
5. | UnitedHealth Group, Inc. | 1.9 |
6. | Facebook, Inc. Class A | 1.9 |
7. | Visa, Inc. | 1.7 |
8. | SPDR S&P 500 ETF Trust | 1.7 |
9. | U.S. Treasury Note 0.375%, 03/31/2022 | 1.4 |
10. | Home Depot, Inc. / The | 1.1 |
(1) | Composition of Portfolio subject to change. | |
(2) | Short-term investments have been excluded from the list of Top 10 Portfolio Holdings. | |
(3) | Top 10 Portfolio Holdings is presented at an individual security level. Total investment exposure by issuer may be higher. | |
(4) | Sectors (Common Stocks, Corporate Bonds, Preferred Securities, Asset-Backed / Mortgage Backed Securities): |
% of Net Assets | |
Information Technology | 18.3 |
Health Care | 10.9 |
Financials | 10.1 |
Consumer Discretionary | 8.7 |
Communication Services | 8.4 |
Consumer Staples | 6.3 |
Industrials | 5.6 |
Utilities | 2.4 |
Materials | 1.4 |
Energy | 1.1 |
Real Estate | 0.6 |
73.8 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio |
Schedule of Investments | December 31, 2020 |
Common Stocks–49.0% | Shares | Value | |
Communication Services–6.4% | |||
Activision Blizzard, Inc. (Entertainment) | 10,700 | $ 993,495 | |
Alphabet, Inc. Class C (Interactive Media & Svs.) | (a) | 6,456 | 11,310,137 |
Comcast Corp. Class A (Media) | 23,717 | 1,242,771 | |
Electronic Arts, Inc. (Entertainment) | 28,210 | 4,050,956 | |
Facebook, Inc. Class A (Interactive Media & Svs.) | (a) | 30,130 | 8,230,311 |
Take-Two Interactive Software, Inc. (Entertainment) | (a) | 5,546 | 1,152,403 |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 21,580 | 1,267,825 | |
28,247,898 | |||
Consumer Discretionary–6.1% | |||
Amazon.com, Inc. (Internet & Direct Marketing Retail) | (a) | 2,755 | 8,972,842 |
AutoZone, Inc. (Specialty Retail) | (a) | 1,660 | 1,967,830 |
Burlington Stores, Inc. (Specialty Retail) | (a) | 2,933 | 767,126 |
Deckers Outdoor Corp. (Textiles, Apparel & Luxury Goods) | (a) | 4,530 | 1,299,113 |
Dollar General Corp. (Multiline Retail) | 5,096 | 1,071,689 | |
Domino's Pizza, Inc. (Hotels, Restaurants & Leisure) | 2,860 | 1,096,696 | |
Etsy, Inc. (Internet & Direct Marketing Retail) | (a) | 4,900 | 871,759 |
Home Depot, Inc. / The (Specialty Retail) | 17,899 | 4,754,332 | |
McDonald's Corp. (Hotels, Restaurants & Leisure) | 4,341 | 931,492 | |
NIKE, Inc. Class B (Textiles, Apparel & Luxury Goods) | 24,018 | 3,397,827 | |
O'Reilly Automotive, Inc. (Specialty Retail) | (a) | 2,130 | 963,974 |
TJX Cos., Inc. / The (Specialty Retail) | 12,800 | 874,112 | |
26,968,792 | |||
Consumer Staples–3.8% | |||
British American Tobacco PLC – ADR (Tobacco) | 34,630 | 1,298,279 | |
Coca-Cola Co. / The (Beverages) | 22,330 | 1,224,577 | |
Colgate-Palmolive Co. (Household Products) | 6,040 | 516,480 | |
Costco Wholesale Corp. (Food & Staples Retailing) | 6,544 | 2,465,648 | |
Monster Beverage Corp. (Beverages) | (a) | 46,042 | 4,257,964 |
PepsiCo, Inc. (Beverages) | 6,700 | 993,610 | |
Philip Morris International, Inc. (Tobacco) | 21,310 | 1,764,255 | |
Procter & Gamble Co. / The (Household Products) | 15,989 | 2,224,710 | |
Walmart, Inc. (Food & Staples Retailing) | 14,380 | 2,072,877 | |
16,818,400 | |||
Energy–0.1% | |||
Royal Dutch Shell PLC Class B – ADR (Oil, Gas & Consumable Fuels) | 13,900 | 467,179 | |
Financials–1.8% | |||
CME Group, Inc. (Capital Markets) | 5,830 | 1,061,351 | |
Essent Group Ltd. (Thrifts & Mortgage Finance) | 12,250 | 529,200 | |
Everest Re Group Ltd. (Insurance) | 3,910 | 915,292 | |
Intercontinental Exchange, Inc. (Capital Markets) | 9,490 | 1,094,102 | |
JPMorgan Chase & Co. (Banks) | 8,380 | 1,064,847 | |
Progressive Corp. / The (Insurance) | 9,212 | 910,883 | |
RenaissanceRe Holdings Ltd. (Insurance) | 5,640 | 935,225 | |
S&P Global, Inc. (Capital Markets) | 3,220 | 1,058,511 | |
U.S. Bancorp (Banks) | 11,180 | 520,876 | |
8,090,287 | |||
Health Care–9.4% | |||
ABIOMED, Inc. (Health Care Equip. & Supplies) | (a) | 1,670 | 541,414 |
Align Technology, Inc. (Health Care Equip. & Supplies) | (a) | 4,460 | 2,383,335 |
Anthem, Inc. (Health Care Providers & Svs.) | 4,500 | 1,444,905 | |
Bristol-Myers Squibb Co. (Pharmaceuticals) | 14,846 | 920,897 | |
DaVita, Inc. (Health Care Providers & Svs.) | (a) | 5,150 | 604,610 |
Edwards Lifesciences Corp. (Health Care Equip. & Supplies) | (a) | 27,139 | 2,475,891 |
Eli Lilly & Co. (Pharmaceuticals) | 5,201 | 878,137 | |
IDEXX Laboratories, Inc. (Health Care Equip. & Supplies) | (a) | 3,710 | 1,854,518 |
Illumina, Inc. (Life Sciences Tools & Svs.) | (a) | 2,720 | 1,006,400 |
Intuitive Surgical, Inc. (Health Care Equip. & Supplies) | (a) | 4,970 | 4,065,957 |
Johnson & Johnson (Pharmaceuticals) | 9,890 | 1,556,488 | |
Medtronic PLC (Health Care Equip. & Supplies) | 6,551 | 767,384 | |
Merck & Co., Inc. (Pharmaceuticals) | 20,093 | 1,643,607 | |
Mettler-Toledo International, Inc. (Life Sciences Tools & Svs.) | (a) | 500 | 569,840 |
Regeneron Pharmaceuticals, Inc. (Biotechnology) | (a) | 3,530 | 1,705,378 |
Roche Holding AG – ADR (Pharmaceuticals) | 26,060 | 1,142,470 | |
Thermo Fisher Scientific, Inc. (Life Sciences Tools & Svs.) | 1,010 | 470,438 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
UnitedHealth Group, Inc. (Health Care Providers & Svs.) | 24,036 | $ 8,428,945 | |
Veeva Systems, Inc. Class A (Health Care Technology) | (a) | 3,810 | 1,037,273 |
Vertex Pharmaceuticals, Inc. (Biotechnology) | (a) | 16,180 | 3,823,981 |
Zoetis, Inc. (Pharmaceuticals) | 27,426 | 4,539,003 | |
41,860,871 | |||
Industrials–3.1% | |||
Allegion PLC (Building Products) | 8,960 | 1,042,765 | |
AMETEK, Inc. (Electrical Equip.) | 5,070 | 613,166 | |
C.H. Robinson Worldwide, Inc. (Air Freight & Logistics) | 8,330 | 781,937 | |
Copart, Inc. (Commercial Svs. & Supplies) | (a) | 15,342 | 1,952,270 |
IDEX Corp. (Machinery) | 2,490 | 496,008 | |
L3Harris Technologies, Inc. (Aerospace & Defense) | 8,570 | 1,619,901 | |
Lockheed Martin Corp. (Aerospace & Defense) | 4,610 | 1,636,458 | |
Masco Corp. (Building Products) | 19,680 | 1,081,022 | |
Regal Beloit Corp. (Electrical Equip.) | 6,500 | 798,265 | |
RELX PLC – ADR (Professional Svs.) | 33,880 | 835,481 | |
Republic Services, Inc. (Commercial Svs. & Supplies) | 5,420 | 521,946 | |
Roper Technologies, Inc. (Industrial Conglomerates) | 4,090 | 1,763,158 | |
Verisk Analytics, Inc. (Professional Svs.) | 3,670 | 761,855 | |
13,904,232 | |||
Information Technology–16.1% | |||
Adobe, Inc. (Software) | (a) | 5,138 | 2,569,617 |
Amdocs Ltd. (IT Svs.) | 16,280 | 1,154,740 | |
Amphenol Corp. Class A (Electronic Equip., Instr. & Comp.) | 6,240 | 816,005 | |
ANSYS, Inc. (Software) | (a) | 870 | 316,506 |
Apple, Inc. (Tech. Hardware, Storage & Periph.) | 30,724 | 4,076,768 | |
Arista Networks, Inc. (Communications Equip.) | (a) | 1,680 | 488,158 |
ASML Holding N.V. (Semiconductors & Equip.) | 3,390 | 1,653,371 | |
Automatic Data Processing, Inc. (IT Svs.) | 7,810 | 1,376,122 | |
Booz Allen Hamilton Holding Corp. (IT Svs.) | 11,480 | 1,000,826 | |
CDW Corp. (Electronic Equip., Instr. & Comp.) | 7,130 | 939,663 | |
Check Point Software Technologies Ltd. (Software) | (a) | 12,280 | 1,632,135 |
Citrix Systems, Inc. (Software) | 13,200 | 1,717,320 | |
Cognex Corp. (Electronic Equip., Instr. & Comp.) | 7,790 | 625,420 | |
EPAM Systems, Inc. (IT Svs.) | (a) | 542 | 194,226 |
Fidelity National Information Services, Inc. (IT Svs.) | 5,590 | 790,761 | |
Fortinet, Inc. (Software) | (a) | 12,274 | 1,823,057 |
Genpact Ltd. (IT Svs.) | 28,640 | 1,184,550 | |
IPG Photonics Corp. (Electronic Equip., Instr. & Comp.) | (a) | 5,726 | 1,281,422 |
KLA-Tencor Corp. (Semiconductors & Equip.) | 2,390 | 618,795 | |
Mastercard, Inc. Class A (IT Svs.) | 3,614 | 1,289,981 | |
Microsoft Corp. (Software) | 69,743 | 15,512,239 | |
Motorola Solutions, Inc. (Communications Equip.) | 11,650 | 1,981,199 | |
Nice Ltd. – ADR (Software) | (a) | 2,900 | 822,266 |
NortonLifeLock, Inc. (Software) | 32,330 | 671,817 | |
Nuance Communications, Inc. (Software) | (a) | 18,460 | 813,901 |
NVIDIA Corp. (Semiconductors & Equip.) | 2,976 | 1,554,067 | |
Oracle Corp. (Software) | 35,720 | 2,310,727 | |
Paychex, Inc. (IT Svs.) | 13,900 | 1,295,202 | |
Paycom Software, Inc. (Software) | (a) | 1,366 | 617,774 |
PayPal Holdings, Inc. (IT Svs.) | (a) | 15,010 | 3,515,342 |
QUALCOMM, Inc. (Semiconductors & Equip.) | 22,251 | 3,389,717 | |
Texas Instruments, Inc. (Semiconductors & Equip.) | 14,144 | 2,321,455 | |
Tyler Technologies, Inc. (Software) | (a) | 1,910 | 833,753 |
Visa, Inc. (IT Svs.) | 34,580 | 7,563,683 | |
Xilinx, Inc. (Semiconductors & Equip.) | 19,843 | 2,813,142 | |
71,565,727 | |||
Materials–0.9% | |||
Reliance Steel & Aluminum Co. (Metals & Mining) | 6,340 | 759,215 | |
Sealed Air Corp. (Containers & Packaging) | 10,940 | 500,943 | |
Sherwin-Williams Co. / The (Chemicals) | 3,540 | 2,601,581 | |
3,861,739 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Common Stocks (Continued) | Shares | Value | |
Real Estate–0.2% | |||
CubeSmart (Equity REIT) | 13,950 | $ 468,860 | |
Sun Communities, Inc. (Equity REIT) | 1,840 | 279,588 | |
748,448 | |||
Utilities–1.1% | |||
Alliant Energy Corp. (Electric Utilities) | 9,110 | 469,438 | |
Ameren Corp. (Multi-Utilities) | 17,860 | 1,394,152 | |
American Electric Power Co., Inc. (Electric Utilities) | 11,500 | 957,605 | |
Dominion Energy, Inc. (Multi-Utilities) | 8,660 | 651,232 | |
NextEra Energy, Inc. (Electric Utilities) | 15,540 | 1,198,911 | |
4,671,338 | |||
Total Common Stocks (Cost $154,734,200) | $217,204,911 |
Corporate Bonds–19.6% | Rate | Maturity | Face Amount | Value | |
Communication Services–2.0% | |||||
AT&T, Inc. (Diversified Telecom. Svs.) | 2.750% | 06/01/2031 | $ 10,000 | $ 10,683 | |
AT&T, Inc. (Diversified Telecom. Svs.) | (b) | 3.500% | 09/15/2053 | 293,000 | 291,883 |
AT&T, Inc. (Diversified Telecom. Svs.) | (b) | 3.550% | 09/15/2055 | 123,000 | 122,346 |
AT&T, Inc. (Diversified Telecom. Svs.) | (b) | 3.800% | 12/01/2057 | 208,000 | 216,029 |
AT&T, Inc. (Diversified Telecom. Svs.) | (b) | 3.650% | 09/15/2059 | 33,000 | 33,096 |
Cable One, Inc. (Media) | (b) | 4.000% | 11/15/2030 | 129,000 | 133,999 |
CenturyLink, Inc. (Diversified Telecom. Svs.) | 6.450% | 06/15/2021 | 124,000 | 126,506 | |
CenturyLink, Inc. (Diversified Telecom. Svs.) | 5.800% | 03/15/2022 | 102,000 | 106,335 | |
CenturyLink, Inc. (Diversified Telecom. Svs.) | (b) | 4.500% | 01/15/2029 | 255,000 | 259,462 |
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. (Media) | 5.050% | 03/30/2029 | 519,000 | 630,750 | |
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. (Media) | 2.800% | 04/01/2031 | 502,000 | 530,298 | |
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. (Media) | 6.484% | 10/23/2045 | 62,000 | 87,853 | |
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. (Media) | 5.375% | 05/01/2047 | 49,000 | 61,067 | |
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. (Media) | 4.800% | 03/01/2050 | 265,000 | 316,194 | |
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. (Media) | 3.700% | 04/01/2051 | 548,000 | 568,066 | |
Comcast Corp. (Media) | 3.100% | 04/01/2025 | 80,000 | 88,016 | |
Comcast Corp. (Media) | 3.150% | 03/01/2026 | 146,000 | 162,989 | |
Comcast Corp. (Media) | 3.300% | 04/01/2027 | 218,000 | 247,931 | |
Comcast Corp. (Media) | 4.150% | 10/15/2028 | 123,000 | 147,999 | |
Comcast Corp. (Media) | 2.650% | 02/01/2030 | 113,000 | 123,436 | |
Comcast Corp. (Media) | 3.400% | 04/01/2030 | 218,000 | 251,285 | |
Comcast Corp. (Media) | 4.250% | 10/15/2030 | 205,000 | 252,291 | |
Comcast Corp. (Media) | 4.600% | 10/15/2038 | 122,000 | 160,559 | |
Comcast Corp. (Media) | 3.750% | 04/01/2040 | 87,000 | 104,534 | |
Comcast Corp. (Media) | 4.950% | 10/15/2058 | 111,000 | 168,188 | |
Interpublic Group of Cos., Inc. / The (Media) | 4.750% | 03/30/2030 | 170,000 | 210,729 | |
Level 3 Financing, Inc. (Diversified Telecom. Svs.) | (b) | 3.875% | 11/15/2029 | 309,000 | 343,151 |
Tencent Holdings Ltd. (Interactive Media & Svs.) | (b) | 1.810% | 01/26/2026 | 201,000 | 205,426 |
Tencent Holdings Ltd. (Interactive Media & Svs.) | (b) | 3.240% | 06/03/2050 | 201,000 | 208,120 |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | (b) | 3.500% | 04/15/2025 | 264,000 | 291,715 |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | (b) | 3.750% | 04/15/2027 | 673,000 | 766,412 |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | (b) | 3.875% | 04/15/2030 | 226,000 | 261,710 |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | (b) | 4.375% | 04/15/2040 | 78,000 | 95,189 |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | (b) | 4.500% | 04/15/2050 | 91,000 | 112,238 |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 2.625% | 08/15/2026 | 149,000 | 163,182 | |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 3.000% | 03/22/2027 | 128,000 | 141,735 | |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 3.150% | 03/22/2030 | 108,000 | 121,005 | |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 4.862% | 08/21/2046 | 93,000 | 125,485 | |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 4.522% | 09/15/2048 | 69,000 | 89,830 | |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 4.000% | 03/22/2050 | 77,000 | 93,242 | |
ViacomCBS, Inc. (Media) | 4.950% | 01/15/2031 | 71,000 | 88,879 | |
ViacomCBS, Inc. (Media) | 4.200% | 05/19/2032 | 40,000 | 48,177 | |
Walt Disney Co. / The (Entertainment) | 2.750% | 09/01/2049 | 146,000 | 154,167 | |
Weibo Corp. (Interactive Media & Svs.) | 3.375% | 07/08/2030 | 207,000 | 211,317 | |
8,933,504 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Consumer Discretionary–2.5% | |||||
1011778 B.C. ULC / New Red Finance, Inc. (Hotels, Restaurants & Leisure) | (b) | 3.500% | 02/15/2029 | $ 270,000 | $ 269,662 |
Advance Auto Parts, Inc. (Specialty Retail) | 1.750% | 10/01/2027 | 84,000 | 85,273 | |
Advance Auto Parts, Inc. (Specialty Retail) | 3.900% | 04/15/2030 | 125,000 | 143,669 | |
Aramark Services, Inc. (Hotels, Restaurants & Leisure) | (b) | 6.375% | 05/01/2025 | 474,000 | 506,587 |
AutoNation, Inc. (Specialty Retail) | 4.750% | 06/01/2030 | 60,000 | 72,163 | |
AutoZone, Inc. (Specialty Retail) | 3.750% | 04/18/2029 | 303,000 | 349,265 | |
Booking Holdings, Inc. (Internet & Direct Marketing Retail) | 4.625% | 04/13/2030 | 404,000 | 501,748 | |
Choice Hotels International, Inc. (Hotels, Restaurants & Leisure) | 3.700% | 12/01/2029 | 255,000 | 278,118 | |
Dollar General Corp. (Multiline Retail) | 3.500% | 04/03/2030 | 187,000 | 214,559 | |
Dollar General Corp. (Multiline Retail) | 4.125% | 04/03/2050 | 181,000 | 228,663 | |
General Motors Co. (Automobiles) | 6.125% | 10/01/2025 | 79,000 | 95,805 | |
General Motors Co. (Automobiles) | 4.200% | 10/01/2027 | 94,000 | 106,475 | |
General Motors Co. (Automobiles) | 6.800% | 10/01/2027 | 107,000 | 137,454 | |
General Motors Co. (Automobiles) | 5.000% | 10/01/2028 | 269,000 | 319,965 | |
General Motors Co. (Automobiles) | 5.400% | 04/01/2048 | 90,000 | 113,169 | |
Hasbro, Inc. (Leisure Products) | 3.000% | 11/19/2024 | 145,000 | 156,979 | |
Hasbro, Inc. (Leisure Products) | 3.550% | 11/19/2026 | 193,000 | 215,354 | |
Hasbro, Inc. (Leisure Products) | 3.900% | 11/19/2029 | 519,000 | 587,264 | |
Hilton Domestic Operating Co., Inc. (Hotels, Restaurants & Leisure) | (b) | 4.000% | 05/01/2031 | 360,000 | 379,840 |
Las Vegas Sands Corp. (Hotels, Restaurants & Leisure) | 3.200% | 08/08/2024 | 108,000 | 114,372 | |
Las Vegas Sands Corp. (Hotels, Restaurants & Leisure) | 2.900% | 06/25/2025 | 191,000 | 199,829 | |
Lear Corp. (Auto Components) | 3.800% | 09/15/2027 | 37,000 | 41,492 | |
Lear Corp. (Auto Components) | 3.500% | 05/30/2030 | 113,000 | 123,568 | |
Lowe's Cos., Inc. (Specialty Retail) | 4.000% | 04/15/2025 | 308,000 | 349,887 | |
Lowe's Cos., Inc. (Specialty Retail) | 4.500% | 04/15/2030 | 318,000 | 395,635 | |
Marriott International, Inc. (Hotels, Restaurants & Leisure) | 5.750% | 05/01/2025 | 361,000 | 422,184 | |
McDonald's Corp. (Hotels, Restaurants & Leisure) | 3.500% | 07/01/2027 | 272,000 | 311,896 | |
McDonald's Corp. (Hotels, Restaurants & Leisure) | 2.625% | 09/01/2029 | 294,000 | 321,627 | |
McDonald's Corp. (Hotels, Restaurants & Leisure) | 3.625% | 09/01/2049 | 90,000 | 105,427 | |
MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer, Inc. (Hotels, Restaurants & Leisure) | (b) | 4.625% | 06/15/2025 | 196,000 | 209,916 |
MGM Resorts International (Hotels, Restaurants & Leisure) | 7.750% | 03/15/2022 | 44,000 | 46,860 | |
NIKE, Inc. (Textiles, Apparel & Luxury Goods) | 2.400% | 03/27/2025 | 98,000 | 105,594 | |
NIKE, Inc. (Textiles, Apparel & Luxury Goods) | 2.750% | 03/27/2027 | 152,000 | 168,126 | |
NIKE, Inc. (Textiles, Apparel & Luxury Goods) | 3.250% | 03/27/2040 | 114,000 | 132,417 | |
NIKE, Inc. (Textiles, Apparel & Luxury Goods) | 3.375% | 03/27/2050 | 74,000 | 90,868 | |
Nissan Motor Co. Ltd. (Automobiles) | (b) | 4.345% | 09/17/2027 | 430,000 | 474,758 |
Nordstrom, Inc. (Multiline Retail) | 4.375% | 04/01/2030 | 274,000 | 269,731 | |
O'Reilly Automotive, Inc. (Specialty Retail) | 3.600% | 09/01/2027 | 6,000 | 6,829 | |
O'Reilly Automotive, Inc. (Specialty Retail) | 4.350% | 06/01/2028 | 47,000 | 55,883 | |
O'Reilly Automotive, Inc. (Specialty Retail) | 3.900% | 06/01/2029 | 232,000 | 272,698 | |
Prosus N.V. (Internet & Direct Marketing Retail) | (b) | 4.027% | 08/03/2050 | 205,000 | 214,439 |
Ralph Lauren Corp. (Textiles, Apparel & Luxury Goods) | 2.950% | 06/15/2030 | 413,000 | 448,690 | |
Ross Stores, Inc. (Specialty Retail) | 4.700% | 04/15/2027 | 280,000 | 330,315 | |
Royal Caribbean Cruises Ltd. (Hotels, Restaurants & Leisure) | (b) | 10.875% | 06/01/2023 | 136,000 | 154,752 |
Royal Caribbean Cruises Ltd. (Hotels, Restaurants & Leisure) | (b) | 11.500% | 06/01/2025 | 240,000 | 280,572 |
Starbucks Corp. (Hotels, Restaurants & Leisure) | 4.450% | 08/15/2049 | 180,000 | 237,039 | |
Wynn Macau Ltd. (Hotels, Restaurants & Leisure) | (b) | 5.625% | 08/26/2028 | 292,000 | 306,032 |
10,953,448 | |||||
Consumer Staples–2.5% | |||||
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC (Food & Staples Retailing) | (b) | 3.500% | 03/15/2029 | 294,000 | 296,940 |
Alimentation Couche-Tard, Inc. (Food & Staples Retailing) | (b) | 2.950% | 01/25/2030 | 77,000 | 84,103 |
Altria Group, Inc. (Tobacco) | 4.800% | 02/14/2029 | 106,000 | 127,106 | |
Altria Group, Inc. (Tobacco) | 3.400% | 05/06/2030 | 280,000 | 313,994 | |
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 4.900% | 02/01/2046 | 268,000 | 348,787 | |
Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 4.150% | 01/23/2025 | 512,000 | 582,981 | |
Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 3.500% | 06/01/2030 | 570,000 | 659,918 | |
Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 4.350% | 06/01/2040 | 190,000 | 232,814 | |
Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 4.500% | 06/01/2050 | 192,000 | 241,589 | |
Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 4.750% | 04/15/2058 | 162,000 | 211,589 | |
Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 4.600% | 06/01/2060 | 136,000 | 173,640 | |
B.A.T. Capital Corp. (Tobacco) | 4.700% | 04/02/2027 | 180,000 | 211,578 | |
B.A.T. Capital Corp. (Tobacco) | 2.259% | 03/25/2028 | 435,000 | 451,354 | |
Campbell Soup Co. (Food Products) | 3.950% | 03/15/2025 | 113,000 | 127,334 | |
Cargill, Inc. (Food Products) | (b) | 1.375% | 07/23/2023 | 77,000 | 78,917 |
Cargill, Inc. (Food Products) | (b) | 2.125% | 04/23/2030 | 113,000 | 118,819 |
Coca-Cola Co. / The (Beverages) | 3.375% | 03/25/2027 | 263,000 | 301,527 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Consumer Staples (continued) | |||||
Coca-Cola Co. / The (Beverages) | 3.450% | 03/25/2030 | $ 182,000 | $ 214,412 | |
Coca-Cola Co. / The (Beverages) | 4.200% | 03/25/2050 | 197,000 | 272,651 | |
Coca-Cola Femsa S.A.B de C.V. (Beverages) | 2.750% | 01/22/2030 | 154,000 | 166,031 | |
Coca-Cola Femsa S.A.B de C.V. (Beverages) | 1.850% | 09/01/2032 | 171,000 | 171,214 | |
Estee Lauder Cos., Inc. / The (Personal Products) | 2.600% | 04/15/2030 | 412,000 | 452,269 | |
Fomento Economico Mexicano S.A.B de C.V. (Beverages) | 3.500% | 01/16/2050 | ��� 182,000 | 202,093 | |
General Mills, Inc. (Food Products) | 4.200% | 04/17/2028 | 281,000 | 336,773 | |
General Mills, Inc. (Food Products) | 2.875% | 04/15/2030 | 86,000 | 95,305 | |
J.M. Smucker Co. / The (Food Products) | 2.375% | 03/15/2030 | 165,000 | 174,560 | |
J.M. Smucker Co. / The (Food Products) | 3.550% | 03/15/2050 | 77,000 | 86,738 | |
JBS U.S.A. LUX SA / JBS U.S.A. Finance, Inc. (Food Products) | (b) | 6.750% | 02/15/2028 | 76,000 | 85,386 |
Keurig Dr Pepper, Inc. (Beverages) | 4.597% | 05/25/2028 | 277,000 | 336,998 | |
Keurig Dr Pepper, Inc. (Beverages) | 3.200% | 05/01/2030 | 57,000 | 64,503 | |
Keurig Dr Pepper, Inc. (Beverages) | 3.800% | 05/01/2050 | 130,000 | 155,422 | |
Kimberly-Clark de Mexico S.A.B de C.V. (Household Products) | (b) | 2.431% | 07/01/2031 | 274,000 | 282,927 |
Mars, Inc. (Food Products) | (b) | 2.700% | 04/01/2025 | 113,000 | 122,268 |
Mars, Inc. (Food Products) | (b) | 3.200% | 04/01/2030 | 28,000 | 32,178 |
Mars, Inc. (Food Products) | (b) | 4.200% | 04/01/2059 | 23,000 | 30,504 |
Mondelez International Holdings Netherlands BV (Food Products) | (b) | 2.250% | 09/19/2024 | 249,000 | 262,233 |
Mondelez International, Inc. (Food Products) | 2.125% | 04/13/2023 | 83,000 | 86,203 | |
Mondelez International, Inc. (Food Products) | 2.750% | 04/13/2030 | 41,000 | 45,009 | |
PepsiCo, Inc. (Beverages) | 2.250% | 03/19/2025 | 187,000 | 200,067 | |
PepsiCo, Inc. (Beverages) | 2.625% | 03/19/2027 | 58,000 | 63,789 | |
PepsiCo, Inc. (Beverages) | 3.625% | 03/19/2050 | 155,000 | 196,318 | |
PepsiCo, Inc. (Beverages) | 3.875% | 03/19/2060 | 47,000 | 62,996 | |
Procter & Gamble Co. / The (Household Products) | 2.800% | 03/25/2027 | 119,000 | 132,529 | |
Procter & Gamble Co. / The (Household Products) | 3.000% | 03/25/2030 | 68,000 | 78,372 | |
Sysco Corp. (Food & Staples Retailing) | 2.500% | 07/15/2021 | 73,000 | 73,726 | |
Sysco Corp. (Food & Staples Retailing) | 5.650% | 04/01/2025 | 217,000 | 257,966 | |
Sysco Corp. (Food & Staples Retailing) | 2.400% | 02/15/2030 | 72,000 | 74,881 | |
Sysco Corp. (Food & Staples Retailing) | 5.950% | 04/01/2030 | 473,000 | 621,242 | |
Sysco Corp. (Food & Staples Retailing) | 6.600% | 04/01/2040 | 270,000 | 394,475 | |
Sysco Corp. (Food & Staples Retailing) | 6.600% | 04/01/2050 | 334,000 | 513,623 | |
10,908,651 | |||||
Energy–1.0% | |||||
Boardwalk Pipelines LP (Oil, Gas & Consumable Fuels) | 3.400% | 02/15/2031 | 153,000 | 159,556 | |
Cheniere Corpus Christi Holdings (Oil, Gas & Consumable Fuels) | 3.700% | 11/15/2029 | 557,000 | 619,788 | |
Energy Transfer Operating LP (Oil, Gas & Consumable Fuels) | 5.875% | 01/15/2024 | 127,000 | 142,719 | |
Energy Transfer Operating LP (Oil, Gas & Consumable Fuels) | 5.500% | 06/01/2027 | 98,000 | 115,448 | |
Energy Transfer Operating LP (Oil, Gas & Consumable Fuels) | 4.950% | 06/15/2028 | 25,000 | 28,804 | |
Energy Transfer Operating LP (Oil, Gas & Consumable Fuels) | 3.750% | 05/15/2030 | 210,000 | 226,400 | |
Hess Corp. (Oil, Gas & Consumable Fuels) | 4.300% | 04/01/2027 | 258,000 | 284,337 | |
Hess Midstream Operations LP (Oil, Gas & Consumable Fuels) | (b) | 5.125% | 06/15/2028 | 381,000 | 398,263 |
HollyFrontier Corp. (Oil, Gas & Consumable Fuels) | 5.875% | 04/01/2026 | 242,000 | 270,184 | |
Husky Energy, Inc. (Oil, Gas & Consumable Fuels) | 4.400% | 04/15/2029 | 200,000 | 222,427 | |
Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels) | 4.300% | 03/01/2028 | 69,000 | 80,888 | |
NGPL PipeCo LLC (Oil, Gas & Consumable Fuels) | (b) | 4.375% | 08/15/2022 | 189,000 | 196,903 |
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 6.350% | 01/15/2031 | 142,000 | 181,968 | |
Plains All American Pipeline LP (Oil, Gas & Consumable Fuels) | 4.650% | 10/15/2025 | 241,000 | 269,380 | |
Shell International Finance BV (Oil, Gas & Consumable Fuels) | 3.250% | 04/06/2050 | 267,000 | 302,395 | |
Tengizchevroil Finance Co. International Ltd. (Oil, Gas & Consumable Fuels) | (b) | 3.250% | 08/15/2030 | 205,000 | 216,846 |
TransCanada PipeLines Ltd. (Oil, Gas & Consumable Fuels) | 4.100% | 04/15/2030 | 413,000 | 487,700 | |
WPX Energy, Inc. (Oil, Gas & Consumable Fuels) | 4.500% | 01/15/2030 | 442,000 | 468,520 | |
4,672,526 | |||||
Financials–3.3% | |||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Diversified Financial Svs.) | 4.125% | 07/03/2023 | 160,000 | 171,351 | |
AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Diversified Financial Svs.) | 6.500% | 07/15/2025 | 271,000 | 323,905 | |
Alleghany Corp. (Insurance) | 3.625% | 05/15/2030 | 291,000 | 327,194 | |
Aviation Capital Group LLC (Diversified Financial Svs.) | (b) | 2.875% | 01/20/2022 | 25,000 | 25,314 |
Aviation Capital Group LLC (Diversified Financial Svs.) | (b) | 3.875% | 05/01/2023 | 122,000 | 127,114 |
Aviation Capital Group LLC (Diversified Financial Svs.) | (b) | 4.375% | 01/30/2024 | 50,000 | 52,754 |
Aviation Capital Group LLC (Diversified Financial Svs.) | (b) | 5.500% | 12/15/2024 | 148,000 | 163,818 |
Aviation Capital Group LLC (Diversified Financial Svs.) | (b) | 4.125% | 08/01/2025 | 3,000 | 3,145 |
Aviation Capital Group LLC (Diversified Financial Svs.) | (b) | 4.875% | 10/01/2025 | 57,000 | 61,579 |
Aviation Capital Group LLC (Diversified Financial Svs.) | (b) | 3.500% | 11/01/2027 | 50,000 | 50,068 |
Banco de Credito del Peru (Rate is fixed until 07/01/2025, at which point, the rate becomes H15T5Y + 300) (Banks) | (b)(c) | 3.125% | 07/01/2030 | 244,000 | 249,797 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Financials (continued) | |||||
Bank of America Corp. (Rate is fixed until 04/24/2027, at which point, the rate becomes QL + 151) (Banks) | (c) | 3.705% | 04/24/2028 | $ 501,000 | $ 570,152 |
Bank of America Corp. (Rate is fixed until 03/05/2028, at which point, the rate becomes QL + 107) (Banks) | (c) | 3.970% | 03/05/2029 | 177,000 | 206,203 |
Bank of America Corp. (Rate is fixed until 04/29/2030, at which point, the rate becomes SOFR + 215) (Banks) | (c) | 2.592% | 04/29/2031 | 678,000 | 726,539 |
BNP Paribas SA (Rate is fixed until 11/19/2024, at which point, the rate becomes QL + 111) (Banks) | (b)(c) | 2.819% | 11/19/2025 | 306,000 | 326,922 |
BNP Paribas SA (Rate is fixed until 01/13/2030, at which point, the rate becomes SOFR + 151) (Banks) | (b)(c) | 3.052% | 01/13/2031 | 333,000 | 363,187 |
Capital One Financial Corp. (Consumer Finance) | 2.600% | 05/11/2023 | 349,000 | 365,840 | |
CBOE Global Markets, Inc. (Capital Markets) | 3.650% | 01/12/2027 | 165,000 | 187,615 | |
Charles Schwab Corp. / The (Capital Markets) | 4.625% | 03/22/2030 | 299,000 | 375,485 | |
Citigroup, Inc. (Rate is fixed until 01/10/2027, at which point, the rate becomes QL + 156) (Banks) | (c) | 3.887% | 01/10/2028 | 570,000 | 654,709 |
Citigroup, Inc. (Rate is fixed until 03/31/2030, at which point, the rate becomes SOFR + 391) (Banks) | (c) | 4.412% | 03/31/2031 | 380,000 | 460,470 |
Citizens Financial Group, Inc. (Banks) | (b) | 2.638% | 09/30/2032 | 114,000 | 120,523 |
First Republic Bank (Banks) | 4.625% | 02/13/2047 | 100,000 | 131,784 | |
GE Capital Funding LLC (Diversified Financial Svs.) | (b) | 4.400% | 05/15/2030 | 401,000 | 472,469 |
General Motors Financial Co., Inc. (Consumer Finance) | 4.350% | 04/09/2025 | 177,000 | 197,565 | |
General Motors Financial Co., Inc. (Consumer Finance) | 4.300% | 07/13/2025 | 54,000 | 60,577 | |
General Motors Financial Co., Inc. (Consumer Finance) | 4.350% | 01/17/2027 | 99,000 | 112,662 | |
General Motors Financial Co., Inc. (Consumer Finance) | 2.700% | 08/20/2027 | 195,000 | 206,723 | |
Harley-Davidson Financial Services, Inc. (Consumer Finance) | (b) | 3.350% | 06/08/2025 | 406,000 | 439,689 |
HSBC Holdings PLC (Rate is fixed until 03/30/2025, at which point, the rate becomes USISDA05 + 437) (Banks) | (c) | 6.375% | Perpetual | 212,000 | 231,695 |
JPMorgan Chase & Co. (Rate is fixed until 04/22/2025, at which point, the rate becomes SOFR + 185) (Banks) | (c) | 2.083% | 04/22/2026 | 933,000 | 985,170 |
JPMorgan Chase & Co. (Rate is fixed until 01/29/2026, at which point, the rate becomes QL + 125) (Banks) | (c) | 3.960% | 01/29/2027 | 508,000 | 583,605 |
JPMorgan Chase & Co. (Rate is fixed until 02/01/2027, at which point, the rate becomes QL + 134) (Banks) | (c) | 3.782% | 02/01/2028 | 191,000 | 219,567 |
JPMorgan Chase & Co. (Rate is fixed until 12/05/2028, at which point, the rate becomes QL + 133) (Banks) | (c) | 4.452% | 12/05/2029 | 460,000 | 560,993 |
JPMorgan Chase & Co. (Rate is fixed until 10/15/2029, at which point, the rate becomes SOFR + 151) (Banks) | (c) | 2.739% | 10/15/2030 | 218,000 | 237,227 |
JPMorgan Chase & Co. (Rate is fixed until 03/24/2030, at which point, the rate becomes SOFR + 379) (Banks) | (c) | 4.493% | 03/24/2031 | 171,000 | 210,243 |
Morgan Stanley (Capital Markets) | 3.950% | 04/23/2027 | 396,000 | 457,828 | |
Morgan Stanley (Rate is fixed until 07/22/2027, at which point, the rate becomes QL + 134) (Capital Markets) | (c) | 3.591% | 07/22/2028 | 251,000 | 286,453 |
Morgan Stanley (Rate is fixed until 01/23/2029, at which point, the rate becomes QL + 163) (Capital Markets) | (c) | 4.431% | 01/23/2030 | 408,000 | 497,175 |
MSCI, Inc. (Capital Markets) | (b) | 4.000% | 11/15/2029 | 25,000 | 26,625 |
Raymond James Financial, Inc. (Capital Markets) | 4.650% | 04/01/2030 | 114,000 | 139,768 | |
Raymond James Financial, Inc. (Capital Markets) | 4.950% | 07/15/2046 | 185,000 | 253,134 | |
SLM Corp. (Consumer Finance) | 4.200% | 10/29/2025 | 233,000 | 246,106 | |
UniCredit SpA (Rate is fixed until 09/22/2025, at which point, the rate becomes H15T1Y + 230) (Banks) | (b)(c) | 2.569% | 09/22/2026 | 435,000 | 443,890 |
USAA Capital Corp. (Diversified Financial Svs.) | (b) | 2.125% | 05/01/2030 | 150,000 | 157,637 |
Wells Fargo & Co. (Rate is fixed until 02/11/2025, at which point, the rate becomes QL + 75) (Banks) | (c) | 2.164% | 02/11/2026 | 651,000 | 684,423 |
Wells Fargo & Co. (Rate is fixed until 10/30/2029, at which point, the rate becomes QL + 117) (Banks) | (c) | 2.879% | 10/30/2030 | 298,000 | 324,946 |
Wells Fargo & Co. (Rate is fixed until 04/04/2030, at which point, the rate becomes QL + 377) (Banks) | (c) | 4.478% | 04/04/2031 | 545,000 | 665,946 |
14,747,584 | |||||
Health Care–1.5% | |||||
AbbVie, Inc. (Biotechnology) | 3.450% | 03/15/2022 | 292,000 | 301,145 | |
AbbVie, Inc. (Biotechnology) | 3.250% | 10/01/2022 | 175,000 | 182,278 | |
AbbVie, Inc. (Biotechnology) | 2.800% | 03/15/2023 | 14,000 | 14,641 | |
AbbVie, Inc. (Biotechnology) | 2.600% | 11/21/2024 | 165,000 | 176,877 | |
AbbVie, Inc. (Biotechnology) | 3.800% | 03/15/2025 | 210,000 | 234,232 | |
Baptist Healthcare System Obligated Group (Health Care Providers & Svs.) | 3.540% | 08/15/2050 | 206,000 | 229,384 | |
Baxter International, Inc. (Health Care Equip. & Supplies) | (b) | 3.950% | 04/01/2030 | 238,000 | 284,290 |
Boston Scientific Corp. (Health Care Equip. & Supplies) | 3.750% | 03/01/2026 | 137,000 | 155,439 | |
Boston Scientific Corp. (Health Care Equip. & Supplies) | 4.000% | 03/01/2029 | 71,000 | 83,636 | |
Boston Scientific Corp. (Health Care Equip. & Supplies) | 4.700% | 03/01/2049 | 114,000 | 156,140 | |
Bristol-Myers Squibb Co. (Pharmaceuticals) | 3.400% | 07/26/2029 | 125,000 | 145,460 | |
Centene Corp. (Health Care Providers & Svs.) | (b) | 5.375% | 06/01/2026 | 371,000 | 391,297 |
Centene Corp. (Health Care Providers & Svs.) | 4.250% | 12/15/2027 | 326,000 | 345,560 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Health Care (continued) | |||||
Centene Corp. (Health Care Providers & Svs.) | 4.625% | 12/15/2029 | $ 376,000 | $ 417,439 | |
Centene Corp. (Health Care Providers & Svs.) | 3.375% | 02/15/2030 | 212,000 | 223,043 | |
Cigna Corp. (Health Care Providers & Svs.) | 3.400% | 09/17/2021 | 47,000 | 48,010 | |
Cigna Corp. (Health Care Providers & Svs.) | 2.400% | 03/15/2030 | 114,000 | 121,484 | |
Cigna Corp. (Health Care Providers & Svs.) | 3.200% | 03/15/2040 | 52,000 | 56,944 | |
Cigna Corp. (Health Care Providers & Svs.) | 3.400% | 03/15/2050 | 78,000 | 87,608 | |
CVS Health Corp. (Health Care Providers & Svs.) | 3.000% | 08/15/2026 | 33,000 | 36,544 | |
CVS Health Corp. (Health Care Providers & Svs.) | 4.300% | 03/25/2028 | 103,000 | 122,600 | |
CVS Health Corp. (Health Care Providers & Svs.) | 4.125% | 04/01/2040 | 141,000 | 168,115 | |
CVS Health Corp. (Health Care Providers & Svs.) | 5.050% | 03/25/2048 | 320,000 | 433,016 | |
CVS Health Corp. (Health Care Providers & Svs.) | 4.250% | 04/01/2050 | 70,000 | 87,409 | |
DH Europe Finance II SARL (Health Care Equip. & Supplies) | 2.200% | 11/15/2024 | 129,000 | 136,694 | |
DH Europe Finance II SARL (Health Care Equip. & Supplies) | 2.600% | 11/15/2029 | 71,000 | 77,609 | |
DH Europe Finance II SARL (Health Care Equip. & Supplies) | 3.400% | 11/15/2049 | 91,000 | 107,848 | |
HCA, Inc. (Health Care Providers & Svs.) | 5.375% | 02/01/2025 | 133,000 | 149,562 | |
HCA, Inc. (Health Care Providers & Svs.) | 5.875% | 02/15/2026 | 70,000 | 80,500 | |
HCA, Inc. (Health Care Providers & Svs.) | 5.375% | 09/01/2026 | 54,000 | 62,068 | |
HCA, Inc. (Health Care Providers & Svs.) | 5.625% | 09/01/2028 | 76,000 | 89,775 | |
HCA, Inc. (Health Care Providers & Svs.) | 5.875% | 02/01/2029 | 109,000 | 131,345 | |
HCA, Inc. (Health Care Providers & Svs.) | 3.500% | 09/01/2030 | 386,000 | 409,940 | |
Molina Healthcare, Inc. (Health Care Providers & Svs.) | (b) | 3.875% | 11/15/2030 | 327,000 | 350,707 |
Pfizer, Inc. (Pharmaceuticals) | 2.625% | 04/01/2030 | 80,000 | 89,237 | |
Royalty Pharma PLC (Pharmaceuticals) | (b) | 1.750% | 09/02/2027 | 49,000 | 50,398 |
Thermo Fisher Scientific, Inc. (Life Sciences Tools & Svs.) | 4.497% | 03/25/2030 | 372,000 | 464,680 | |
6,702,954 | |||||
Industrials–2.4% | |||||
Air Lease Corp. (Trading Companies & Distributors) | 3.875% | 07/03/2023 | 22,000 | 23,490 | |
Air Lease Corp. (Trading Companies & Distributors) | 4.250% | 02/01/2024 | 87,000 | 94,403 | |
Air Lease Corp. (Trading Companies & Distributors) | 2.875% | 01/15/2026 | 81,000 | 85,690 | |
Air Lease Corp. (Trading Companies & Distributors) | 3.625% | 04/01/2027 | 15,000 | 16,073 | |
Aircastle Ltd. (Trading Companies & Distributors) | 5.000% | 04/01/2023 | 13,000 | 13,856 | |
Aircastle Ltd. (Trading Companies & Distributors) | 4.400% | 09/25/2023 | 145,000 | 153,640 | |
Aircastle Ltd. (Trading Companies & Distributors) | 4.125% | 05/01/2024 | 58,000 | 61,335 | |
Aircastle Ltd. (Trading Companies & Distributors) | (b) | 5.250% | 08/11/2025 | 139,000 | 153,058 |
Aircastle Ltd. (Trading Companies & Distributors) | 4.250% | 06/15/2026 | 11,000 | 11,582 | |
Allison Transmission, Inc. (Machinery) | (b) | 3.750% | 01/30/2031 | 371,000 | 379,579 |
BAE Systems PLC (Aerospace & Defense) | (b) | 3.400% | 04/15/2030 | 200,000 | 226,456 |
Boeing Co. / The (Aerospace & Defense) | 2.250% | 06/15/2026 | 35,000 | 35,885 | |
Boeing Co. / The (Aerospace & Defense) | 3.250% | 03/01/2028 | 44,000 | 46,545 | |
Boeing Co. / The (Aerospace & Defense) | 3.200% | 03/01/2029 | 250,000 | 263,786 | |
Boeing Co. / The (Aerospace & Defense) | 3.600% | 05/01/2034 | 290,000 | 305,954 | |
Carrier Global Corp. (Building Products) | 2.242% | 02/15/2025 | 145,000 | 153,516 | |
Carrier Global Corp. (Building Products) | 2.493% | 02/15/2027 | 116,000 | 125,120 | |
Delta Air Lines, Inc. / SkyMiles IP Ltd. (Airlines) | (b) | 4.500% | 10/20/2025 | 134,058 | 143,267 |
Delta Air Lines, Inc. / SkyMiles IP Ltd. (Airlines) | (b) | 4.750% | 10/20/2028 | 156,000 | 170,213 |
Embraer Netherlands Finance BV (Aerospace & Defense) | (b) | 6.950% | 01/17/2028 | 212,000 | 239,560 |
Empresa de Transporte de Pasajeros Metro SA (Road & Rail) | (b) | 3.650% | 05/07/2030 | 200,000 | 224,500 |
Equifax, Inc. (Professional Svs.) | 2.600% | 12/01/2024 | 423,000 | 452,977 | |
Equifax, Inc. (Professional Svs.) | 2.600% | 12/15/2025 | 147,000 | 158,635 | |
Equifax, Inc. (Professional Svs.) | 3.100% | 05/15/2030 | 240,000 | 266,821 | |
Experian Finance PLC (Professional Svs.) | (b) | 2.750% | 03/08/2030 | 637,000 | 691,262 |
General Dynamics Corp. (Aerospace & Defense) | 3.250% | 04/01/2025 | 205,000 | 226,315 | |
General Dynamics Corp. (Aerospace & Defense) | 3.500% | 04/01/2027 | 296,000 | 340,386 | |
General Dynamics Corp. (Aerospace & Defense) | 3.625% | 04/01/2030 | 241,000 | 286,291 | |
General Dynamics Corp. (Aerospace & Defense) | 4.250% | 04/01/2040 | 167,000 | 217,094 | |
General Dynamics Corp. (Aerospace & Defense) | 4.250% | 04/01/2050 | 58,000 | 78,753 | |
General Electric Co. (Industrial Conglomerates) | 3.450% | 05/01/2027 | 105,000 | 118,517 | |
General Electric Co. (Industrial Conglomerates) | 6.750% | 03/15/2032 | 129,000 | 180,760 | |
General Electric Co. (Industrial Conglomerates) | 4.250% | 05/01/2040 | 79,000 | 93,272 | |
General Electric Co. (Industrial Conglomerates) | 4.350% | 05/01/2050 | 138,000 | 167,541 | |
GFL Environmental, Inc. (Commercial Svs. & Supplies) | (b) | 3.500% | 09/01/2028 | 299,000 | 305,043 |
H&E Equipment Services, Inc. (Trading Companies & Distributors) | (b) | 3.875% | 12/15/2028 | 296,000 | 298,229 |
Huntington Ingalls Industries, Inc. (Aerospace & Defense) | 3.844% | 05/01/2025 | 205,000 | 227,992 | |
Huntington Ingalls Industries, Inc. (Aerospace & Defense) | 4.200% | 05/01/2030 | 366,000 | 432,658 | |
IHS Markit Ltd. (Professional Svs.) | (b) | 5.000% | 11/01/2022 | 26,000 | 27,800 |
IHS Markit Ltd. (Professional Svs.) | (b) | 4.750% | 02/15/2025 | 215,000 | 246,734 |
Northrop Grumman Corp. (Aerospace & Defense) | 4.400% | 05/01/2030 | 205,000 | 254,326 | |
Northrop Grumman Corp. (Aerospace & Defense) | 5.150% | 05/01/2040 | 90,000 | 124,239 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Industrials (continued) | |||||
Northrop Grumman Corp. (Aerospace & Defense) | 5.250% | 05/01/2050 | $ 115,000 | $ 170,295 | |
Otis Worldwide Corp. (Machinery) | 2.056% | 04/05/2025 | 170,000 | 180,138 | |
United Parcel Service, Inc. (Air Freight & Logistics) | 3.900% | 04/01/2025 | 173,000 | 195,417 | |
United Parcel Service, Inc. (Air Freight & Logistics) | 4.450% | 04/01/2030 | 151,000 | 188,787 | |
United Parcel Service, Inc. (Air Freight & Logistics) | 5.200% | 04/01/2040 | 99,000 | 140,358 | |
United Parcel Service, Inc. (Air Freight & Logistics) | 5.300% | 04/01/2050 | 214,000 | 321,941 | |
Verisk Analytics, Inc. (Professional Svs.) | 5.500% | 06/15/2045 | 101,000 | 142,908 | |
Westinghouse Air Brake Technologies Corp. (Machinery) | 4.400% | 03/15/2024 | 189,000 | 206,808 | |
Westinghouse Air Brake Technologies Corp. (Machinery) | 3.200% | 06/15/2025 | 45,000 | 48,539 | |
Westinghouse Air Brake Technologies Corp. (Machinery) | 3.450% | 11/15/2026 | 66,000 | 72,435 | |
Westinghouse Air Brake Technologies Corp. (Machinery) | 4.950% | 09/15/2028 | 606,000 | 718,668 | |
10,509,447 | |||||
Information Technology–2.2% | |||||
Apple, Inc. (Tech. Hardware, Storage & Periph.) | 2.400% | 08/20/2050 | 288,000 | 294,144 | |
Broadcom Corp. / Broadcom Cayman Finance Ltd. (Semiconductors & Equip.) | 3.500% | 01/15/2028 | 47,000 | 51,783 | |
Broadcom, Inc. (Semiconductors & Equip.) | 4.110% | 09/15/2028 | 44,000 | 50,336 | |
Broadcom, Inc. (Semiconductors & Equip.) | 5.000% | 04/15/2030 | 80,000 | 97,201 | |
Broadcom, Inc. (Semiconductors & Equip.) | 4.150% | 11/15/2030 | 539,000 | 623,065 | |
Broadridge Financial Solutions, Inc. (IT Svs.) | 2.900% | 12/01/2029 | 495,000 | 541,935 | |
Dell International LLC / EMC Corp. (Computers & Peripherals) | (b) | 5.875% | 06/15/2021 | 341,000 | 341,614 |
Global Payments, Inc. (IT Svs.) | 4.800% | 04/01/2026 | 185,000 | 220,117 | |
Global Payments, Inc. (IT Svs.) | 3.200% | 08/15/2029 | 75,000 | 83,245 | |
Infor, Inc. (Software) | (b) | 1.750% | 07/15/2025 | 106,000 | 110,084 |
Lam Research Corp. (Semiconductors & Equip.) | 4.000% | 03/15/2029 | 51,000 | 61,151 | |
Marvell Technology Group Ltd. (Semiconductors & Equip.) | 4.200% | 06/22/2023 | 108,000 | 116,866 | |
Marvell Technology Group Ltd. (Semiconductors & Equip.) | 4.875% | 06/22/2028 | 450,000 | 531,332 | |
Mastercard, Inc. (IT Svs.) | 3.300% | 03/26/2027 | 256,000 | 291,953 | |
Mastercard, Inc. (IT Svs.) | 3.350% | 03/26/2030 | 324,000 | 377,999 | |
Mastercard, Inc. (IT Svs.) | 3.850% | 03/26/2050 | 355,000 | 457,664 | |
Micron Technology, Inc. (Semiconductors & Equip.) | 2.497% | 04/24/2023 | 366,000 | 381,356 | |
Micron Technology, Inc. (Semiconductors & Equip.) | 4.185% | 02/15/2027 | 391,000 | 460,539 | |
Oracle Corp. (Software) | 2.500% | 04/01/2025 | 216,000 | 231,919 | |
Oracle Corp. (Software) | 2.800% | 04/01/2027 | 530,000 | 584,297 | |
Oracle Corp. (Software) | 3.600% | 04/01/2050 | 470,000 | 547,871 | |
PayPal Holdings, Inc. (IT Svs.) | 2.400% | 10/01/2024 | 139,000 | 148,514 | |
PayPal Holdings, Inc. (IT Svs.) | 2.650% | 10/01/2026 | 357,000 | 392,316 | |
PayPal Holdings, Inc. (IT Svs.) | 2.850% | 10/01/2029 | 240,000 | 266,458 | |
Trimble, Inc. (Electronic Equip., Instr. & Comp.) | 4.750% | 12/01/2024 | 270,000 | 308,551 | |
Trimble, Inc. (Electronic Equip., Instr. & Comp.) | 4.900% | 06/15/2028 | 544,000 | 650,675 | |
Visa, Inc. (IT Svs.) | 1.900% | 04/15/2027 | 452,000 | 480,922 | |
Visa, Inc. (IT Svs.) | 2.050% | 04/15/2030 | 220,000 | 235,170 | |
Visa, Inc. (IT Svs.) | 2.700% | 04/15/2040 | 95,000 | 103,555 | |
VMware, Inc. (Software) | 4.500% | 05/15/2025 | 261,000 | 298,651 | |
VMware, Inc. (Software) | 4.650% | 05/15/2027 | 293,000 | 342,726 | |
9,684,009 | |||||
Materials–0.5% | |||||
Avery Dennison Corp. (Containers & Packaging) | 2.650% | 04/30/2030 | 299,000 | 320,529 | |
Axalta Coating Systems LLC (Chemicals) | (b) | 3.375% | 02/15/2029 | 220,000 | 220,000 |
Ecolab, Inc. (Chemicals) | 4.800% | 03/24/2030 | 135,000 | 172,172 | |
Fresnillo PLC (Metals & Mining) | (b) | 4.250% | 10/02/2050 | 432,000 | 474,120 |
Georgia-Pacific LLC (Paper & Forest Products) | (b) | 3.163% | 11/15/2021 | 99,000 | 100,854 |
Indonesia Asahan Aluminium Persero PT (Metals & Mining) | (b) | 4.750% | 05/15/2025 | 240,000 | 264,840 |
Industrias Penoles S.A.B de C.V. (Metals & Mining) | (b) | 4.750% | 08/06/2050 | 280,000 | 324,716 |
Ingevity Corp. (Chemicals) | (b) | 3.875% | 11/01/2028 | 188,000 | 189,410 |
Nutrition & Biosciences, Inc. (Chemicals) | (b) | 1.832% | 10/15/2027 | 76,000 | 78,297 |
Suzano Austria GmbH (Paper & Forest Products) | 3.750% | 01/15/2031 | 56,000 | 59,416 | |
2,204,354 | |||||
Real Estate–0.4% | |||||
Alexandria Real Estate Equities, Inc. (Equity REIT) | 4.900% | 12/15/2030 | 275,000 | 349,772 | |
Camden Property Trust (Equity REIT) | 2.800% | 05/15/2030 | 342,000 | 379,606 | |
Crown Castle International Corp. (Equity REIT) | 3.650% | 09/01/2027 | 133,000 | 150,097 | |
Crown Castle International Corp. (Equity REIT) | 4.300% | 02/15/2029 | 154,000 | 182,816 | |
Crown Castle International Corp. (Equity REIT) | 3.100% | 11/15/2029 | 279,000 | 307,274 | |
Crown Castle International Corp. (Equity REIT) | 3.300% | 07/01/2030 | 67,000 | 74,952 | |
Crown Castle International Corp. (Equity REIT) | 4.150% | 07/01/2050 | 69,000 | 83,722 | |
Equinix, Inc. (Equity REIT) | 2.625% | 11/18/2024 | 123,000 | 131,466 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Real Estate (continued) | |||||
Equinix, Inc. (Equity REIT) | 2.900% | 11/18/2026 | $ 104,000 | $ 113,713 | |
Equinix, Inc. (Equity REIT) | 3.200% | 11/18/2029 | 233,000 | 256,687 | |
2,030,105 | |||||
Utilities–1.3% | |||||
AEP Transmission Co. LLC (Electric Utilities) | 3.650% | 04/01/2050 | 162,000 | 196,048 | |
AES Panama Generation Holdings SRL (Electric Utilities) | (b) | 4.375% | 05/31/2030 | 285,000 | 308,341 |
Ameren Corp. (Multi-Utilities) | 3.500% | 01/15/2031 | 669,000 | 768,919 | |
American Water Capital Corp. (Water Utilities) | 2.800% | 05/01/2030 | 211,000 | 232,794 | |
American Water Capital Corp. (Water Utilities) | 3.450% | 05/01/2050 | 252,000 | 297,520 | |
Berkshire Hathaway Energy Co. (Multi-Utilities) | (b) | 3.700% | 07/15/2030 | 265,000 | 313,290 |
Berkshire Hathaway Energy Co. (Multi-Utilities) | (b) | 4.250% | 10/15/2050 | 278,000 | 359,476 |
Dominion Energy, Inc. (Multi-Utilities) | 3.375% | 04/01/2030 | 340,000 | 387,090 | |
Kentucky Utilities Co. (Electric Utilities) | 3.300% | 06/01/2050 | 157,000 | 177,414 | |
NextEra Energy Capital Holdings, Inc. (Electric Utilities) | 2.750% | 05/01/2025 | 149,000 | 161,161 | |
NRG Energy, Inc. (Electric Utilities) | (b) | 3.750% | 06/15/2024 | 308,000 | 336,801 |
NRG Energy, Inc. (Electric Utilities) | 7.250% | 05/15/2026 | 273,000 | 288,015 | |
NRG Energy, Inc. (Electric Utilities) | 6.625% | 01/15/2027 | 274,000 | 289,355 | |
Oncor Electric Delivery Co. LLC (Electric Utilities) | 3.700% | 11/15/2028 | 194,000 | 227,884 | |
Oncor Electric Delivery Co. LLC (Electric Utilities) | 3.800% | 06/01/2049 | 257,000 | 318,673 | |
PPL WEM Ltd. / Western Power Distribution PLC (Ind. Power & Renewable Elec.) | (b) | 5.375% | 05/01/2021 | 203,000 | 203,731 |
Southern Co. / The (Electric Utilities) | 3.700% | 04/30/2030 | 508,000 | 587,940 | |
Star Energy Geothermal Darajat II / Star Energy Geothermal Salak (Ind. Power & Renewable Elec.) | (b) | 4.850% | 10/14/2038 | 288,000 | 320,825 |
5,775,277 | |||||
Total Corporate Bonds (Cost $77,952,919) | $ 87,121,859 |
Purchased Options–8.6% | Notional Amount | Expiration | Exercise Price | Contracts (d) | Value | |
S&P 500 Index Call Option | $11,268,210 | December 2022 | $2,800 | 30 | $ 3,101,700 | |
S&P 500 Index Call Option | 9,390,175 | December 2022 | $2,900 | 25 | 2,393,750 | |
S&P 500 Index Call Option | 11,268,210 | December 2022 | $2,950 | 30 | 2,760,000 | |
S&P 500 Index Call Option | 19,531,564 | December 2022 | $3,000 | 52 | 4,589,468 | |
S&P 500 Index Call Option | 9,765,782 | December 2022 | $3,050 | 26 | 2,200,120 | |
S&P 500 Index Call Option | 13,146,245 | December 2022 | $3,100 | 35 | 2,834,300 | |
S&P 500 Index Call Option | 9,390,175 | December 2022 | $3,200 | 25 | 1,846,500 | |
S&P 500 Index Call Option | 8,263,354 | December 2022 | $3,250 | 22 | 1,548,140 | |
S&P 500 Index Call Option | 15,024,280 | December 2022 | $3,300 | 40 | 2,676,800 | |
S&P 500 Index Call Option | 1,878,035 | December 2022 | $3,350 | 5 | 317,650 | |
S&P 500 Index Call Option | 2,629,249 | December 2022 | $3,400 | 7 | 421,260 | |
S&P 500 Index Call Option | 7,512,140 | December 2022 | $3,450 | 20 | 1,138,200 | |
S&P 500 Index Call Option | 11,268,210 | December 2022 | $3,500 | 30 | 1,610,700 | |
S&P 500 Index Call Option | 1,878,035 | December 2022 | $3,600 | 5 | 234,410 | |
S&P 500 Index Call Option | 1,878,035 | December 2022 | $3,650 | 5 | 218,550 | |
S&P 500 Index Put Option | 11,268,210 | December 2022 | $2,800 | 30 | 540,000 | |
S&P 500 Index Put Option | 9,390,175 | December 2022 | $2,900 | 25 | 497,150 | |
S&P 500 Index Put Option | 11,268,210 | December 2022 | $2,950 | 30 | 619,200 | |
S&P 500 Index Put Option | 19,531,564 | December 2022 | $3,000 | 52 | 1,156,376 | |
S&P 500 Index Put Option | 9,765,782 | December 2022 | $3,050 | 26 | 600,600 | |
S&P 500 Index Put Option | 13,146,245 | December 2022 | $3,100 | 35 | 880,390 | |
S&P 500 Index Put Option | 9,390,175 | December 2022 | $3,200 | 25 | 686,500 | |
S&P 500 Index Put Option | 8,263,354 | December 2022 | $3,250 | 22 | 628,100 | |
S&P 500 Index Put Option | 15,024,280 | December 2022 | $3,300 | 40 | 1,230,400 | |
S&P 500 Index Put Option | 5,634,105 | December 2022 | $3,350 | 15 | 473,400 | |
S&P 500 Index Put Option | 10,141,389 | December 2022 | $3,400 | 27 | 895,050 | |
S&P 500 Index Put Option | 7,512,140 | December 2022 | $3,450 | 20 | 695,800 | |
S&P 500 Index Put Option | 11,268,210 | December 2022 | $3,500 | 30 | 1,095,000 | |
S&P 500 Index Put Option | 1,878,035 | December 2022 | $3,600 | 5 | 206,515 | |
S&P 500 Index Put Option | 1,878,035 | December 2022 | $3,650 | 5 | 216,850 | |
Total Purchased Options (Cost $31,836,828) | $ 38,312,879 |
U.S. Treasury Obligations–6.9% | Rate | Maturity | Face Amount | Value | |
U.S. Treasury Bill | 0.000% | 01/12/2021 | $ 3,165,000 | $ 3,164,972 | |
U.S. Treasury Note | 0.375% | 03/31/2022 | 6,284,600 | 6,304,485 | |
U.S. Treasury Note | 1.500% | 09/15/2022 | 626,000 | 640,598 | |
U.S. Treasury Note | (e) | 2.250% | 11/15/2024 | 1,865,000 | 2,008,809 |
U.S. Treasury Note | (e) | 0.500% | 03/31/2025 | 8,916,500 | 8,997,306 |
U.S. Treasury Note | 0.625% | 08/15/2030 | 158,000 | 153,951 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
U.S. Treasury Obligations (Continued) | Rate | Maturity | Face Amount | Value | |
U.S. Treasury Note | 2.750% | 08/15/2042 | $ 2,224,300 | $ 2,753,006 | |
U.S. Treasury Note | 2.250% | 08/15/2049 | 3,171,800 | 3,622,295 | |
U.S. Treasury Note | 2.375% | 11/15/2049 | 338,600 | 396,942 | |
U.S. Treasury Note | 1.250% | 05/15/2050 | 755,000 | 683,393 | |
U.S. Treasury Note | 1.375% | 08/15/2050 | 1,679,400 | 1,569,189 | |
U.S. Treasury Note | 1.625% | 11/15/2050 | 315,000 | 313,130 | |
Total U.S. Treasury Obligations (Cost $29,787,568) | $ 30,608,076 |
Asset-Backed / Mortgage-Backed Securities–4.5% | Rate | Maturity | Face Amount | Value | |
Consumer Discretionary–0.1% | |||||
Great Wolf Trust 2019-WOLF A | (b) | ML + 103 | 12/15/2036 | $ 64,000 | $ 62,556 |
Great Wolf Trust 2019-WOLF C | (b) | ML + 163 | 12/15/2036 | 79,000 | 73,554 |
Hardee's Funding LLC 2018-1A A23 | (b) | 5.710% | 06/20/2048 | 130,621 | 142,258 |
Hardee's Funding LLC 2020-1A A2 | (b) | 3.981% | 12/20/2050 | 135,041 | 138,427 |
416,795 | |||||
Financials–4.4% | |||||
Affirm Asset Securitization Trust 2020-A A | (b) | 2.100% | 02/18/2025 | 120,000 | 120,680 |
Apidos CLO XXXIII 2020-33A B | (b) | QL + 220 | 07/24/2031 | 300,000 | 300,363 |
Ballyrock CLO 2020-1A B | (b) | QL + 290 | 07/20/2030 | 300,000 | 300,966 |
BBCMS 2020-BID A | (b) | ML + 214 | 10/15/2037 | 241,000 | 241,076 |
Bellemeade Re 2020-3A M1B | (b) | ML + 285 | 10/25/2030 | 150,000 | 150,381 |
Bellemeade Re 2020-4A M2A | (b) | ML + 260 | 06/25/2030 | 150,000 | 150,100 |
Citigroup Commercial Mortgage Trust 2017-P8 AS | 3.789% | 09/15/2050 | 127,167 | 144,509 | |
COMM 2015-LC23 C | 4.617% | 10/10/2048 | 100,000 | 102,371 | |
Connecticut Avenue Securities Trust 2019-R02 1M2 | (b) | ML + 230 | 08/25/2031 | 69,414 | 69,326 |
Connecticut Avenue Securities Trust 2019-R03 1M2 | (b) | ML + 215 | 09/25/2031 | 188,624 | 188,395 |
Connecticut Avenue Securities Trust 2019-R04 2M2 | (b) | ML + 210 | 06/25/2039 | 44,973 | 44,872 |
Connecticut Avenue Securities Trust 2019-R05 1M2 | (b) | ML + 200 | 07/25/2039 | 199,522 | 199,345 |
Connecticut Avenue Securities Trust 2019-R07 1M2 | (b) | ML + 210 | 10/25/2039 | 276,706 | 275,794 |
Connecticut Avenue Securities Trust 2020-R02 2M2 | (b) | ML + 200 | 01/25/2040 | 360,000 | 357,463 |
Connecticut Avenue Securities Trust 2020-SBT1 1M2 | (b) | ML + 365 | 02/25/2040 | 255,000 | 255,913 |
Connecticut Avenue Securities Trust 2020-SBT1 2M2 | (b) | ML + 365 | 02/25/2040 | 270,000 | 271,343 |
DBUBS 2011-LC1A C | (b) | 5.565% | 11/10/2046 | 270,347 | 271,014 |
Eagle RE 2020-2 M1B | (b) | ML + 400 | 10/25/2030 | 621,026 | 629,863 |
Fannie Mae Connecticut Avenue Securities 2014-C04 1M2 | ML + 490 | 11/25/2024 | 350,062 | 359,085 | |
Fannie Mae Connecticut Avenue Securities 2015-C02 1M2 | ML + 400 | 05/25/2025 | 42,430 | 43,168 | |
Fannie Mae Connecticut Avenue Securities 2015-C03 1M2 | ML + 500 | 07/25/2025 | 236,222 | 242,757 | |
Fannie Mae Connecticut Avenue Securities 2015-C03 2M2 | ML + 500 | 07/25/2025 | 48,116 | 48,841 | |
Fannie Mae Connecticut Avenue Securities 2015-C04 1M2 | ML + 570 | 04/25/2028 | 76,862 | 82,009 | |
Fannie Mae Connecticut Avenue Securities 2016-C01 1M2 | ML + 675 | 08/25/2028 | 120,255 | 128,930 | |
Fannie Mae Connecticut Avenue Securities 2016-C03 2M2 | ML + 590 | 10/25/2028 | 128,525 | 135,066 | |
Fannie Mae Connecticut Avenue Securities 2016-C04 1M2 | ML + 425 | 01/25/2029 | 248,179 | 258,316 | |
Fannie Mae Connecticut Avenue Securities 2016-C07 2M2 | ML + 435 | 05/25/2029 | 105,860 | 110,291 | |
Fannie Mae Connecticut Avenue Securities 2017-C01 1M2 | ML + 355 | 07/25/2029 | 280,708 | 288,860 | |
Fannie Mae Connecticut Avenue Securities 2017-C02 2M2C | ML + 365 | 09/25/2029 | 241,691 | 242,232 | |
Fannie Mae Connecticut Avenue Securities 2017-C07 1B1 | ML + 400 | 05/25/2030 | 300,000 | 303,734 | |
Fannie Mae Connecticut Avenue Securities 2018-C05 1M2 | ML + 235 | 01/25/2031 | 82,479 | 82,584 | |
Fannie Mae Connecticut Avenue Securities 2018-C06 1M2 | ML + 200 | 03/25/2031 | 212,585 | 211,217 | |
Fannie Mae REMICS FNR 2020-26 GS | ML + 600 | 05/25/2050 | 790,891 | 139,114 | |
First Investors Auto Owner Trust 2018-1A E | (b) | 5.350% | 07/15/2024 | 350,000 | 368,549 |
Freddie Mac REMICS FHR 4981 HS | ML + 610 | 06/25/2050 | 1,554,144 | 294,014 | |
Freddie Mac REMICS FHR 5015 BI | 4.000% | 09/25/2050 | 863,148 | 140,538 | |
Freddie Mac Stacr Remic Trust 2020-DNA1 M2 | (b) | ML + 170 | 01/25/2050 | 237,000 | 235,217 |
Freddie Mac STACR REMIC Trust 2020-DNA5 M2 | (b) | SOFR30A + 280 | 10/25/2050 | 240,000 | 243,066 |
Freddie Mac STACR Trust 2019-DNA4 M2 | (b) | ML + 195 | 10/25/2049 | 102,546 | 102,383 |
Freddie Mac STACR Trust 2019-HQA2 M2 | (b) | ML + 205 | 04/25/2049 | 70,527 | 69,554 |
Freddie Mac Structured Agency Credit Risk Debt Notes 2016-DNA4 M3 | ML + 380 | 03/25/2029 | 295,765 | 306,170 | |
Freddie Mac Structured Agency Credit Risk Debt Notes 2016-HQA2 M3 | ML + 515 | 11/25/2028 | 214,892 | 222,742 | |
Freddie Mac Structured Agency Credit Risk Debt Notes 2016-HQA4 M3 | ML + 390 | 04/25/2029 | 267,007 | 277,126 | |
Freddie Mac Structured Agency Credit Risk Debt Notes 2017-DNA2 M2 | ML + 345 | 10/25/2029 | 300,000 | 309,836 | |
Freddie Mac Structured Agency Credit Risk Debt Notes 2017-DNA3 M2 | ML + 250 | 03/25/2030 | 270,000 | 273,688 | |
Freddie Mac Structured Agency Credit Risk Debt Notes 2017-HQA1 M2 | ML + 355 | 08/25/2029 | 255,535 | 262,248 | |
Freddie Mac Structured Agency Credit Risk Debt Notes 2017-HQA2 M2B | ML + 265 | 12/25/2029 | 458,126 | 450,540 | |
Freddie Mac Structured Agency Credit Risk Debt Notes 2018-DNA1 M2 | ML + 180 | 07/25/2030 | 99,884 | 99,032 | |
GS Mortgage Securities Trust 2012-GC6 B | (b) | 5.651% | 01/10/2045 | 300,000 | 306,316 |
GS Mortgage Securities Trust 2012-GCJ9 AS | 3.124% | 11/10/2045 | 287,514 | 297,339 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Asset-Backed / Mortgage-Backed Securities (Continued) | Rate | Maturity | Face Amount | Value | |
Financials (continued) | |||||
GS Mortgage Securities Trust 2016-GS3 A4 | 2.850% | 10/10/2049 | $ 270,000 | $ 293,807 | |
GS Mortgage Securities Trust 2017-GS7 A4 | 3.430% | 08/10/2050 | 270,000 | 307,430 | |
GS Mortgage Securities Trust 2018-GS9 A4 | 3.992% | 03/10/2051 | 153,543 | 179,792 | |
GS Mortgage Securities Trust 2019-GC38 A4 | 3.968% | 02/10/2052 | 250,000 | 295,864 | |
HFX Funding Issuer 2017-1 A3 | (b) | 3.647% | 03/15/2035 | 280,000 | 300,442 |
Home RE 2020-1 M1B | (b) | ML + 325 | 10/25/2030 | 195,626 | 198,752 |
JP Morgan Chase Commercial Mortgage Securities Trust 2010-C2 A3 | (b) | 4.070% | 11/15/2043 | 109,132 | 109,026 |
JP Morgan Chase Commercial Mortgage Securities Trust 2012-LC9 A5 | 2.840% | 12/15/2047 | 214,692 | 221,111 | |
JP Morgan Chase Commercial Mortgage Securities Trust 2013-C10 B | 3.674% | 12/15/2047 | 300,000 | 310,343 | |
JPMBB Commercial Mortgage Securities Trust 2013-C15 AS | 4.420% | 11/15/2045 | 250,000 | 272,680 | |
JPMBB Commercial Mortgage Securities Trust 2014-C21 C | 4.657% | 08/15/2047 | 295,000 | 290,297 | |
JPMBB Commercial Mortgage Securities Trust 2015-C27 AS | 3.634% | 02/15/2048 | 130,694 | 141,361 | |
Magnetite XXVI Ltd. 2020-26A A | (b) | QL + 175 | 07/15/2030 | 401,052 | 401,597 |
Morgan Stanley Capital I Trust 2018-H3 AS | 4.429% | 07/15/2051 | 270,000 | 318,696 | |
Morgan Stanley Capital I Trust 2018-H4 A4 | 4.310% | 12/15/2051 | 250,000 | 298,843 | |
Oaktown Re V Ltd. 2020-2A M1B | ���(b) | ML + 360 | 10/25/2030 | 368,357 | 371,405 |
OCP CLO 2020-18A A | (b) | QL + 180 | 04/20/2030 | 250,000 | 250,464 |
Radnor RE 2020-2 M1C | (b) | ML + 460 | 10/25/2030 | 150,000 | 152,616 |
SG Commercial Mortgage Securities Trust 2016-C5 A4 | 3.055% | 10/10/2048 | 250,000 | 269,754 | |
STACR Trust 2018-DNA3 M2 | (b) | ML + 210 | 09/25/2048 | 110,313 | 109,059 |
Traingle Re 2020-1 M1B | (b) | ML + 390 | 10/25/2030 | 423,651 | 426,787 |
UBS Commercial Mortgage Trust 2018-C10 A3 | 4.048% | 05/15/2051 | 270,000 | 312,058 | |
Upstart Securitization Trust 2020-3 A | (b) | 1.702% | 11/20/2030 | 147,869 | 148,620 |
Wells Fargo Commercial Mortgage Trust 2015-C28 A4 | 3.540% | 05/15/2048 | 250,000 | 277,608 | |
Wells Fargo Commercial Mortgage Trust 2015-C30 A3 | 3.411% | 09/15/2058 | 232,889 | 258,482 | |
Wells Fargo Commercial Mortgage Trust 2015-NXS3 A4 | 3.617% | 09/15/2057 | 270,000 | 302,294 | |
Wells Fargo Commercial Mortgage Trust 2016-C35 A3 | 2.674% | 07/15/2048 | 300,000 | 319,575 | |
Wells Fargo Commercial Mortgage Trust 2016-C35 B | 3.438% | 07/15/2048 | 270,000 | 283,025 | |
Wells Fargo Commercial Mortgage Trust 2017-C39 A5 | 3.418% | 09/15/2050 | 270,000 | 305,827 | |
Wells Fargo Commercial Mortgage Trust 2017-C41 A3 | 3.210% | 11/15/2050 | 270,000 | 296,357 | |
Wells Fargo Commercial Mortgage Trust 2018-C44 A4 | 3.948% | 05/15/2051 | 270,000 | 313,210 | |
WFRBS Commercial Mortgage Trust 2014-C24 AS | 3.931% | 11/15/2047 | 270,000 | 277,619 | |
19,623,137 | |||||
Total Asset-Backed / Mortgage-Backed Securities (Cost $19,495,387) | $ 20,039,932 |
U.S. Government Agency Mortgage-Backed Securities–2.3% | Rate | Maturity | Face Amount | Value | |
Fannie Mae Pool FN AL5310 | 3.500% | 04/01/2044 | $ 3,246 | $ 3,585 | |
Fannie Mae Pool FN AL5887 | 4.500% | 10/01/2044 | 21,128 | 23,930 | |
Fannie Mae Pool FN AL6542 | 4.500% | 03/01/2045 | 32,269 | 36,556 | |
Fannie Mae Pool FN AL6620 | 4.500% | 08/01/2042 | 201,464 | 228,163 | |
Fannie Mae Pool FN AL6997 | 4.500% | 11/01/2042 | 14,707 | 16,504 | |
Fannie Mae Pool FN AL8855 | 3.500% | 07/01/2046 | 13,704 | 14,892 | |
Fannie Mae Pool FN AS7168 | 3.500% | 05/01/2046 | 31,573 | 34,243 | |
Fannie Mae Pool FN AS7587 | 3.500% | 07/01/2046 | 148,184 | 161,992 | |
Fannie Mae Pool FN AS7822 | 3.500% | 08/01/2046 | 367,853 | 395,890 | |
Fannie Mae Pool FN AZ9203 | 3.000% | 10/01/2045 | 41,182 | 43,260 | |
Fannie Mae Pool FN BA2885 | 3.000% | 10/01/2045 | 56,809 | 59,499 | |
Fannie Mae Pool FN BA4752 | 3.000% | 01/01/2046 | 7,936 | 8,330 | |
Fannie Mae Pool FN BC1520 | 3.500% | 08/01/2046 | 249,328 | 270,414 | |
Fannie Mae Pool FN BC2468 | 3.000% | 03/01/2046 | 185,622 | 194,835 | |
Fannie Mae Pool FN BC2488 | 3.000% | 03/01/2046 | 240,725 | 252,481 | |
Fannie Mae Pool FN BC9077 | 3.500% | 12/01/2046 | 17,370 | 18,838 | |
Fannie Mae Pool FN BH1902 | 3.500% | 12/01/2047 | 15,121 | 16,684 | |
Fannie Mae Pool FN BH3892 | 3.500% | 08/01/2047 | 45,959 | 48,923 | |
Fannie Mae Pool FN BH6940 | 3.500% | 08/01/2047 | 35,064 | 37,960 | |
Fannie Mae Pool FN BJ1692 | 3.500% | 12/01/2047 | 82,629 | 89,219 | |
Fannie Mae Pool FN BJ1695 | 3.500% | 12/01/2047 | 13,414 | 14,341 | |
Fannie Mae Pool FN BJ4558 | 3.500% | 01/01/2048 | 59,369 | 64,092 | |
Fannie Mae Pool FN BJ4559 | 3.500% | 01/01/2048 | 22,442 | 24,040 | |
Fannie Mae Pool FN BJ4566 | 4.000% | 01/01/2048 | 191,548 | 209,423 | |
Fannie Mae Pool FN BJ4567 | 4.000% | 01/01/2048 | 320,004 | 346,962 | |
Fannie Mae Pool FN BJ5170 | 3.500% | 03/01/2048 | 13,285 | 14,621 | |
Fannie Mae Pool FN BK1964 | 4.000% | 03/01/2048 | 72,062 | 78,481 | |
Fannie Mae Pool FN BK1975 | 3.500% | 03/01/2048 | 37,755 | 40,526 | |
Fannie Mae Pool FN BK3211 | 4.500% | 03/01/2048 | 85,412 | 93,169 | |
Fannie Mae Pool FN BK4157 | 4.000% | 05/01/2048 | 127,816 | 136,978 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
U.S. Government Agency Mortgage-Backed Securities (Continued) | Rate | Maturity | Face Amount | Value | |
Fannie Mae Pool FN BM3282 | 3.500% | 12/01/2047 | $ 8,258 | $ 9,154 | |
Fannie Mae Pool FN BM3511 | 4.500% | 02/01/2046 | 126,867 | 142,237 | |
Fannie Mae Pool FN BM3912 | 3.000% | 03/01/2047 | 184,422 | 198,943 | |
Fannie Mae Pool FN BM4427 | 3.500% | 04/01/2048 | 120,805 | 130,591 | |
Fannie Mae Pool FN BM4735 | 3.500% | 04/01/2048 | 135,638 | 149,674 | |
Fannie Mae Pool FN BM4896 | 3.000% | 02/01/2047 | 1,295,421 | 1,377,107 | |
Fannie Mae Pool FN BM5138 | 3.500% | 11/01/2048 | 227,484 | 251,025 | |
Fannie Mae Pool FN BM5334 | 3.500% | 01/01/2049 | 73,677 | 79,591 | |
Fannie Mae Pool FN BN0012 | 4.500% | 08/01/2048 | 50,815 | 55,131 | |
Fannie Mae Pool FN BO3223 | 3.000% | 10/01/2034 | 57,765 | 61,757 | |
Fannie Mae Pool FN BO4725 | 2.500% | 11/01/2034 | 80,448 | 85,803 | |
Fannie Mae Pool FN BO5957 | 3.000% | 12/01/2034 | 9,752 | 10,515 | |
Fannie Mae Pool FN BO7717 | 3.000% | 11/01/2034 | 9,895 | 10,666 | |
Fannie Mae Pool FN CA0108 | 3.500% | 08/01/2047 | 29,115 | 32,276 | |
Fannie Mae Pool FN FM0029 | 3.000% | 09/01/2046 | 314,101 | 334,460 | |
Fannie Mae Pool FN FM1036 | 3.000% | 05/01/2043 | 178,384 | 188,868 | |
Fannie Mae Pool FN MA3211 | 4.000% | 12/01/2047 | 111,946 | 120,242 | |
Fannie Mae Pool FN MA3239 | 4.000% | 01/01/2048 | 17,463 | 18,807 | |
Freddie Mac Gold Pool FG G60658 | 3.500% | 07/01/2046 | 287,601 | 316,015 | |
Freddie Mac Gold Pool FG G61360 | 3.500% | 03/01/2048 | 62,483 | 67,900 | |
Freddie Mac Gold Pool FG G61737 | 3.500% | 11/01/2048 | 291,055 | 315,845 | |
Freddie Mac Gold Pool FG Q54793 | 4.500% | 03/01/2048 | 68,303 | 74,109 | |
Freddie Mac Gold Pool FG Q55394 | 3.500% | 04/01/2048 | 23,056 | 25,055 | |
Freddie Mac Pool FR QN0783 | 3.000% | 10/01/2034 | 43,964 | 47,068 | |
Freddie Mac Pool FR QN0786 | 3.000% | 10/01/2034 | 105,368 | 113,412 | |
Freddie Mac Pool FR QN0951 | 2.500% | 11/01/2034 | 67,743 | 72,293 | |
Freddie Mac Pool FR SB0040 | 2.500% | 12/01/2033 | 395,328 | 413,106 | |
Freddie Mac Pool FR SB0116 | 2.500% | 11/01/2034 | 96,347 | 102,790 | |
Freddie Mac Pool FR ZA4718 | 3.000% | 10/01/2046 | 228,443 | 244,229 | |
Freddie Mac Pool FR ZK8962 | 3.000% | 09/01/2032 | 93,822 | 100,711 | |
Freddie Mac Pool FR ZK9009 | 3.000% | 10/01/2032 | 35,324 | 37,095 | |
Freddie Mac Pool FR ZK9163 | 3.000% | 01/01/2033 | 48,249 | 51,789 | |
Freddie Mac Pool FR ZM1434 | 3.500% | 07/01/2046 | 48,279 | 51,743 | |
Freddie Mac Pool FR ZM4821 | 3.500% | 11/01/2047 | 42,607 | 46,550 | |
Freddie Mac Pool FR ZM4939 | 3.500% | 11/01/2047 | 71,117 | 76,306 | |
Freddie Mac Pool FR ZM5102 | 3.500% | 12/01/2047 | 98,391 | 107,497 | |
Freddie Mac Pool FR ZM5228 | 3.500% | 12/01/2047 | 54,359 | 58,687 | |
Freddie Mac Pool FR ZM5705 | 3.500% | 02/01/2048 | 23,923 | 25,664 | |
Freddie Mac Pool FR ZM5707 | 3.500% | 02/01/2048 | 18,738 | 20,159 | |
Freddie Mac Pool FR ZM5945 | 4.000% | 03/01/2048 | 60,113 | 65,864 | |
Freddie Mac Pool FR ZM6220 | 4.000% | 04/01/2048 | 48,098 | 51,399 | |
Freddie Mac Pool FR ZM6276 | 4.000% | 04/01/2048 | 81,597 | 88,300 | |
Freddie Mac Pool FR ZM6427 | 4.000% | 05/01/2048 | 204,228 | 218,449 | |
Freddie Mac Pool FR ZN2165 | 4.500% | 12/01/2048 | 82,670 | 92,734 | |
Freddie Mac Pool FR ZS4598 | 3.000% | 01/01/2045 | 34,850 | 36,763 | |
Freddie Mac Pool FR ZS7403 | 3.000% | 05/01/2031 | 268,477 | 284,511 | |
Freddie Mac Pool FR ZS9830 | 3.500% | 10/01/2046 | 328,129 | 354,946 | |
Freddie Mac Pool FR ZT0272 | 3.500% | 02/01/2047 | 193,223 | 209,141 | |
Freddie Mac Pool FR ZT0337 | 3.500% | 12/01/2044 | 32,994 | 35,842 | |
Freddie Mac Pool FR ZT0537 | 3.500% | 03/01/2048 | 245,811 | 268,503 | |
Freddie Mac Pool FR ZT1633 | 4.000% | 03/01/2047 | 16,810 | 18,381 | |
Total U.S. Government Agency Mortgage-Backed Securities (Cost $9,790,109) | $ 10,328,534 |
Exchange Traded Funds–1.7% | Shares | Value | |
SPDR S&P 500 ETF Trust | 20,176 | $ 7,543,403 | |
Total Exchange Traded Funds (Cost $6,675,743) | $ 7,543,403 |
Preferred Securities–0.7% | Rate | Quantity | Value | |
Financials–0.6% | ||||
Bank of America Corp. DR (Rate is fixed until 09/05/2024, at which point, the rate becomes QL + 371) (Banks) | (c) | 6.250% | 286,000 | $ 317,335 |
Bank of America Corp. DR (Rate is fixed until 03/17/2025, at which point, the rate becomes QL + 390) (Banks) | (c) | 6.100% | 124,000 | 140,498 |
Bank of New York Mellon Corp. / The DR (Rate is fixed until 09/20/2025, at which point, the rate becomes H15T5Y + 436) (Capital Markets) | (c) | 4.700% | 61,000 | 67,271 |
Citigroup, Inc. DR (Rate is fixed until 01/30/2023, at which point, the rate becomes QL + 407) (Banks) | (c) | 5.950% | 217,000 | 227,763 |
Citigroup, Inc. DR (Rate is fixed until 05/15/2025, at which point, the rate becomes QL + 391) (Banks) | (c) | 5.950% | 142,000 | 155,135 |
Citigroup, Inc. (Rate is fixed until 12/10/2025, at which point, the rate becomes H15T5Y + 360) (Banks) | (c) | 4.000% | 101,000 | 103,651 |
Citigroup, Inc. DR (Rate is fixed until 02/15/2023, at which point, the rate becomes QL + 423) (Banks) | (c) | 5.900% | 27,000 | 28,363 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Preferred Securities (Continued) | Rate | Quantity | Value | |
Financials (continued) | ||||
Discover Financial Services (Rate is fixed until 09/23/2025, at which point, the rate becomes H15T5Y + 578) (Consumer Finance) | (c) | 6.125% | 404,000 | $ 455,510 |
Fifth Third Bancorp DR (Rate is fixed until 09/30/2025, at which point, the rate becomes H15T5Y + 422) (Banks) | (c) | 4.500% | 76,000 | 80,826 |
Goldman Sachs Group, Inc. / The DR (Capital Markets) | QL + 392 | 470,000 | 469,051 | |
Truist Financial Corp. DR (Rate is fixed until 09/01/2030, at which point, the rate becomes H15T10Y + 435) (Banks) | (c) | 5.100% | 256,000 | 292,483 |
Wells Fargo & Co. DR (Rate is fixed until 06/15/2025, at which point, the rate becomes QL + 399) (Banks) | (c) | 5.875% | 292,000 | 331,055 |
2,668,941 | ||||
Industrials–0.1% | ||||
General Electric Co. (Rate is fixed until 01/21/2021, at which point, the rate becomes QL + 333) (Industrial Conglomerates) | (c) | 5.000% | 336,000 | 311,559 |
Total Preferred Securities (Cost $2,836,245) | $ 2,980,500 |
Sovereign Issues–0.5% | Rate | Maturity | Face Amount | Value | |
Abu Dhabi Government International Bond | (b) | 1.700% | 03/02/2031 | $ 213,000 | $ 212,868 |
Colombia Government International Bond | 3.125% | 04/15/2031 | 540,000 | 573,075 | |
Corp. Financiera de Desarrollo SA | (b) | 2.400% | 09/28/2027 | 435,000 | 440,655 |
Dominican Republic International Bond | (b) | 4.875% | 09/23/2032 | 250,000 | 276,562 |
ENA Master Trust | (b) | 4.000% | 05/19/2048 | 203,000 | 218,733 |
Oleoducto Central SA | (b) | 4.000% | 07/14/2027 | 410,000 | 445,059 |
Uruguay Government International Bond | 4.375% | 01/23/2031 | 58,061 | 71,197 | |
Total Sovereign Issues (Cost $2,117,720) | $ 2,238,149 |
Money Market Funds–6.0% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.097% | (f) | 22,042,616 | $ 22,047,025 |
State Street Institutional U.S. Government Money Market Fund, 0.030% | (f) | 4,564,435 | 4,564,435 |
Total Money Market Funds (Cost $26,611,460) | $ 26,611,460 | ||
Total Investments – 99.8% (Cost $361,838,179) | (g) | $442,989,703 | |
Other Assets in Excess of Liabilities – 0.2% | 828,185 | ||
Net Assets – 100.0% | $443,817,888 |
Percentages are stated as a percent of net assets. |
Abbreviations: | ||
ADR: | American Depositary Receipts | |
CLO: | Collaterized Loan Obligation | |
DR: | Depositary Receipt | |
H15T10Y: | U.S. Treasury Yield Curve Rate T-Note Constant Maturity 10 Year, 0.930% at 12/31/2020 | |
H15T1Y: | U.S. Treasury Yield Curve Rate T-Note Constant Maturity 1 Year, 0.100% at 12/31/2020 | |
H15T5Y: | U.S. Treasury Yield Curve Rate T-Note Constant Maturity 5 Year, 0.360% at 12/31/2020 | |
ML: | Monthly U.S. LIBOR Rate, 0.144% at 12/31/2020 | |
QL: | Quarterly U.S. LIBOR Rate, 0.238% at 12/31/2020 | |
SOFR: | Secured Overnight Financing Rate, 0.070% at 12/31/2020 | |
SOFR30A: | 30 Day Average Secured Overnight Financing Rate, 0.083% at 12/31/2020 | |
USISDA05: | USD ICE Swap Rate 11:00am NY 5 Year, 0.432% at 12/31/2020 |
Footnotes: | ||
(a) | Non-income producing security. | |
(b) | Security exempt from registration under Regulation D of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified buyers under Rule 144A. At December 31, 2020, the value of these securities totaled $29,188,363, or 6.6% of the Portfolio’s net assets. | |
(c) | Security is a fixed-then-variable rate instrument in which the coupon or dividend rate is fixed until a later specified date, then is adjusted periodically. Rates stated, including interest rate caps and floors, if any, are those in effect at December 31, 2020. | |
(d) | 100 shares per contract. | |
(e) | Security is partially pledged as collateral for the futures contracts outstanding at December 31, 2020. The market value pledged totaled $3,289,178. See also the following Schedule of Open Futures Contracts. | |
(f) | Rate represents the seven-day yield at December 31, 2020. | |
(g) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 8 of the Notes to Financial Statements. |
Schedule of Open Futures Contracts | December 31, 2020 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
CME E-mini S&P 500 Index - Long | 105 | March 19, 2021 | $19,230,942 | $19,681,200 | $450,258 | $99,221 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Open Futures Contracts (Continued) | December 31, 2020 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
CBT 10-Year U.S. Treasury Note - Long | 1,315 | March 22, 2021 | $181,396,583 | $181,572,734 | $ 176,151 | $143,834 | ||||||
CBT U.S. Long Bond - Long | 73 | March 22, 2021 | 12,794,003 | 12,642,688 | (151,315) | 25,094 | ||||||
CBT U.S. Ultra Bond - Long | 2 | March 22, 2021 | 424,534 | 427,125 | 2,591 | 1,500 | ||||||
CBT 10-Year U.S. Ultra Bond - Short | (47) | March 22, 2021 | (7,371,959) | (7,348,891) | 23,068 | (11,704) | ||||||
CBT 2-Year U.S. Treasury Note - Long | 552 | March 31, 2021 | 121,849,606 | 121,979,063 | 129,457 | 12,933 | ||||||
CBT 5-Year U.S. Treasury Note - Long | 5 | March 31, 2021 | 630,631 | 630,820 | 189 | 234 | ||||||
$328,954,340 | $329,584,739 | $ 630,399 | $271,112 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Unaudited) |
Average Annual returns | |
Since inception (5/1/20) | 4.70% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2020. |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2020 (1) | |
% of Net Assets | |
Corporate Bonds (4) | 43.3 |
U.S. Treasury Obligations | 18.8 |
U.S. Government Agency Mortgage-Backed Securities | 15.3 |
Investment Companies | 8.8 |
Asset-Backed / Mortgage-Backed Securities (4) | 5.8 |
Sovereign Issues | 0.7 |
Money Market Funds and Other Net Assets | 7.3 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2020 (1) (2) (3) | ||
% of Net Assets | ||
1. | U.S. Treasury Note 0.125%, 04/30/2022 | 4.6 |
2. | U.S. Treasury Note 0.375%, 04/30/2025 | 4.4 |
3. | Federated Hermes Core Trust - Emerging Markets Core Fund | 3.6 |
4. | Federated Hermes Core Trust III - Federated Project and Trade Finance Core Fund | 2.9 |
5. | Federated Hermes Core Trust - Federated Bank Loan Core Fund | 2.4 |
6. | U.S. Treasury Note 0.250%, 04/15/2023 | 2.3 |
7. | U.S. Treasury Note 2.000%, 02/15/2050 | 2.2 |
8. | Fannie Mae Pool FN FM2778 3.000%, 03/01/2050 | 1.7 |
9. | Fannie Mae Pool FN CA5348 3.500%, 03/01/2050 | 1.6 |
10. | Fannie Mae Pool FN CA5549 3.000%, 04/01/2050 | 1.6 |
(1) | Composition of Portfolio subject to change. | |
(2) | Short-term investments have been excluded from the list of Top 10 Portfolio Holdings. | |
(3) | Top 10 Portfolio Holdings is presented at an individual security level. Total investment exposure by issuer may be higher. | |
(4) | Sectors (Corporate Bonds, Asset-Backed / Mortgage Backed Securities): |
% of Net Assets | |
Financials | 16.5 |
Communication Services | 5.1 |
Industrials | 4.5 |
Health Care | 4.4 |
Consumer Staples | 3.8 |
Energy | 3.5 |
Information Technology | 2.7 |
Consumer Discretionary | 2.6 |
Utilities | 2.5 |
Real Estate | 1.9 |
Materials | 1.6 |
49.1 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio |
Schedule of Investments | December 31, 2020 |
Corporate Bonds–43.3% | Rate | Maturity | Face Amount | Value | |
Communication Services–5.1% | |||||
Alphabet, Inc. (Interactive Media & Svs.) | 1.900% | 08/15/2040 | $ 400,000 | $ 391,963 | |
AMC Networks, Inc. (Media) | 5.000% | 04/01/2024 | 50,000 | 50,813 | |
America Movil S.A.B de C.V. (Wireless Telecom. Svs.) | 2.875% | 05/07/2030 | 200,000 | 216,760 | |
AT&T, Inc. (Diversified Telecom. Svs.) | 4.300% | 02/15/2030 | 175,000 | 209,041 | |
AT&T, Inc. (Diversified Telecom. Svs.) | 3.500% | 06/01/2041 | 150,000 | 161,486 | |
AT&T, Inc. (Diversified Telecom. Svs.) | 3.650% | 06/01/2051 | 375,000 | 391,957 | |
AT&T, Inc. (Diversified Telecom. Svs.) | (a) | 3.800% | 12/01/2057 | 645,000 | 669,898 |
Bell Canada, Inc. (Diversified Telecom. Svs.) | 4.464% | 04/01/2048 | 250,000 | 333,234 | |
Cars.com, Inc. (Interactive Media & Svs.) | (a) | 6.375% | 11/01/2028 | 50,000 | 53,074 |
CCO Holdings LLC / CCO Holdings Capital Corp. (Media) | (a) | 5.500% | 05/01/2026 | 50,000 | 51,813 |
CCO Holdings LLC / CCO Holdings Capital Corp. (Media) | (a) | 4.500% | 08/15/2030 | 150,000 | 159,187 |
CCO Holdings LLC / CCO Holdings Capital Corp. (Media) | (a) | 4.250% | 02/01/2031 | 75,000 | 79,039 |
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. (Media) | 2.800% | 04/01/2031 | 125,000 | 132,046 | |
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. (Media) | 6.484% | 10/23/2045 | 225,000 | 318,822 | |
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. (Media) | 4.800% | 03/01/2050 | 205,000 | 244,603 | |
Comcast Corp. (Media) | 3.400% | 04/01/2030 | 225,000 | 259,353 | |
Comcast Corp. (Media) | 3.450% | 02/01/2050 | 750,000 | 882,499 | |
CSC Holdings LLC (Media) | (a) | 7.500% | 04/01/2028 | 250,000 | 281,145 |
Cumulus Media New Holdings, Inc. (Media) | (a) | 6.750% | 07/01/2026 | 23,000 | 23,516 |
Deutsche Telekom International Finance B.V. (Diversified Telecom. Svs.) | (a) | 3.600% | 01/19/2027 | 375,000 | 421,469 |
Diamond Sports Group LLC / Diamond Sports Finance Co. (Media) | (a) | 5.375% | 08/15/2026 | 25,000 | 20,313 |
Diamond Sports Group LLC / Diamond Sports Finance Co. (Media) | (a) | 6.625% | 08/15/2027 | 25,000 | 15,125 |
Discovery Communications LLC (Media) | 4.650% | 05/15/2050 | 250,000 | 312,161 | |
DISH DBS Corp. (Media) | 7.750% | 07/01/2026 | 50,000 | 55,974 | |
DISH DBS Corp. (Media) | 7.375% | 07/01/2028 | 25,000 | 26,625 | |
Entercom Media Corp. (Media) | (a) | 7.250% | 11/01/2024 | 50,000 | 49,875 |
Entercom Media Corp. (Media) | (a) | 6.500% | 05/01/2027 | 50,000 | 50,813 |
Fox Corp. (Media) | 3.500% | 04/08/2030 | 100,000 | 113,531 | |
Fox Corp. (Media) | 5.576% | 01/25/2049 | 125,000 | 182,425 | |
Gray Television, Inc. (Media) | (a) | 5.875% | 07/15/2026 | 25,000 | 26,156 |
Gray Television, Inc. (Media) | (a) | 4.750% | 10/15/2030 | 25,000 | 25,375 |
Grupo Televisa S.A.B. (Media) | 5.000% | 05/13/2045 | 375,000 | 451,490 | |
iHeartCommunications, Inc. (Media) | 6.375% | 05/01/2026 | 50,000 | 53,500 | |
iHeartCommunications, Inc. (Media) | 8.375% | 05/01/2027 | 100,000 | 106,736 | |
iHeartCommunications, Inc. (Media) | (a) | 5.250% | 08/15/2027 | 25,000 | �� 26,188 |
Lamar Media Corp. (Media) | 3.750% | 02/15/2028 | 25,000 | 25,693 | |
Lamar Media Corp. (Media) | 4.875% | 01/15/2029 | 25,000 | 26,563 | |
Live Nation Entertainment, Inc. (Entertainment) | (a) | 3.750% | 01/15/2028 | 50,000 | 50,520 |
Match Group Holdings II LLC (Interactive Media & Svs.) | (a) | 5.000% | 12/15/2027 | 25,000 | 26,571 |
Match Group Holdings II LLC (Interactive Media & Svs.) | (a) | 4.625% | 06/01/2028 | 50,000 | 52,406 |
Match Group Holdings II LLC (Interactive Media & Svs.) | (a) | 4.125% | 08/01/2030 | 25,000 | 25,938 |
Nexstar Broadcasting, Inc. (Media) | (a) | 5.625% | 07/15/2027 | 75,000 | 80,344 |
Nexstar Broadcasting, Inc. (Media) | (a) | 4.750% | 11/01/2028 | 25,000 | 26,156 |
Omnicom Group, Inc. (Media) | 4.200% | 06/01/2030 | 225,000 | 270,119 | |
Rackspace Technology Global, Inc. (Interactive Media & Svs.) | (a) | 5.375% | 12/01/2028 | 25,000 | 26,193 |
Scripps Escrow, Inc. (Media) | (a) | 5.875% | 07/15/2027 | 75,000 | 78,352 |
Sinclair Television Group, Inc. (Media) | (a) | 5.875% | 03/15/2026 | 100,000 | 102,818 |
Sirius XM Radio, Inc. (Media) | (a) | 5.375% | 07/15/2026 | 50,000 | 52,125 |
Sirius XM Radio, Inc. (Media) | (a) | 5.500% | 07/01/2029 | 50,000 | 55,016 |
Sky Ltd. (Media) | (a) | 3.750% | 09/16/2024 | 200,000 | 222,621 |
Sprint Capital Corp. (Wireless Telecom. Svs.) | 6.875% | 11/15/2028 | 50,000 | 65,924 | |
Sprint Corp. (Wireless Telecom. Svs.) | 7.625% | 03/01/2026 | 75,000 | 93,090 | |
TEGNA, Inc. (Media) | (a) | 4.750% | 03/15/2026 | 25,000 | 26,695 |
TEGNA, Inc. (Media) | (a) | 4.625% | 03/15/2028 | 50,000 | 51,125 |
TEGNA, Inc. (Media) | 5.000% | 09/15/2029 | 25,000 | 26,410 | |
Telefonica Emisiones SA (Diversified Telecom. Svs.) | 4.895% | 03/06/2048 | 375,000 | 470,703 | |
Telenet Finance Luxembourg Notes SARL (Media) | (a) | 5.500% | 03/01/2028 | 200,000 | 213,300 |
Terrier Media Buyer, Inc. (Media) | (a) | 8.875% | 12/15/2027 | 75,000 | 82,687 |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | 4.500% | 02/01/2026 | 50,000 | 51,117 | |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | 4.750% | 02/01/2028 | 150,000 | 161,233 | |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | (a) | 3.875% | 04/15/2030 | 250,000 | 289,502 |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | (a) | 4.500% | 04/15/2050 | 125,000 | 154,173 |
Townsquare Media, Inc. (Media) | (a) | 6.875% | 02/01/2026 | 25,000 | 26,210 |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 3.150% | 03/22/2030 | 175,000 | 196,073 | |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 4.000% | 03/22/2050 | 450,000 | 544,919 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Communication Services (continued) | |||||
ViacomCBS, Inc. (Media) | 4.950% | 01/15/2031 | $ 300,000 | $ 375,545 | |
Virgin Media Finance PLC (Media) | (a) | 5.000% | 07/15/2030 | 200,000 | 207,500 |
Vodafone Group PLC (Wireless Telecom. Svs.) | 4.125% | 05/30/2025 | 175,000 | 200,072 | |
Vodafone Group PLC (Wireless Telecom. Svs.) | 5.250% | 05/30/2048 | 225,000 | 312,530 | |
Walt Disney Co. / The (Entertainment) | 3.800% | 03/22/2030 | 125,000 | 148,899 | |
Walt Disney Co. / The (Entertainment) | 4.700% | 03/23/2050 | 175,000 | 246,750 | |
Walt Disney Co. / The (Entertainment) | 3.600% | 01/13/2051 | 100,000 | 121,150 | |
WMG Acquisition Corp. (Entertainment) | (a) | 3.875% | 07/15/2030 | 50,000 | 53,138 |
Ziggo B.V. (Diversified Telecom. Svs.) | (a) | 5.500% | 01/15/2027 | 200,000 | 208,750 |
12,296,935 | |||||
Consumer Discretionary–2.6% | |||||
1011778 B.C. ULC / New Red Finance, Inc. (Hotels, Restaurants & Leisure) | (a) | 4.000% | 10/15/2030 | 150,000 | 152,124 |
Academy Ltd. (Specialty Retail) | (a) | 6.000% | 11/15/2027 | 25,000 | 26,188 |
Adient U.S. LLC (Auto Components) | (a) | 7.000% | 05/15/2026 | 50,000 | 54,386 |
Advance Auto Parts, Inc. (Specialty Retail) | 3.900% | 04/15/2030 | 375,000 | 431,006 | |
Affinity Gaming (Hotels, Restaurants & Leisure) | (a) | 6.875% | 12/15/2027 | 50,000 | 52,312 |
Amazon.com, Inc. (Internet & Direct Marketing Retail) | 3.875% | 08/22/2037 | 300,000 | 373,786 | |
Amazon.com, Inc. (Internet & Direct Marketing Retail) | 2.500% | 06/03/2050 | 250,000 | 258,871 | |
Aramark Services, Inc. (Hotels, Restaurants & Leisure) | (a) | 5.000% | 04/01/2025 | 50,000 | 51,500 |
Aramark Services, Inc. (Hotels, Restaurants & Leisure) | (a) | 5.000% | 02/01/2028 | 75,000 | 79,031 |
AutoNation, Inc. (Specialty Retail) | 4.750% | 06/01/2030 | 335,000 | 402,913 | |
AutoZone, Inc. (Specialty Retail) | 4.000% | 04/15/2030 | 200,000 | 236,820 | |
Bally's Corp. (Hotels, Restaurants & Leisure) | (a) | 6.750% | 06/01/2027 | 25,000 | 26,813 |
Booking Holdings, Inc. (Internet & Direct Marketing Retail) | 4.625% | 04/13/2030 | 200,000 | 248,390 | |
Boyd Gaming Corp. (Hotels, Restaurants & Leisure) | (a) | 8.625% | 06/01/2025 | 25,000 | 27,805 |
Boyd Gaming Corp. (Hotels, Restaurants & Leisure) | 4.750% | 12/01/2027 | 75,000 | 77,906 | |
Caesars Entertainment, Inc. (Hotels, Restaurants & Leisure) | (a) | 6.250% | 07/01/2025 | 25,000 | 26,625 |
Caesars Entertainment, Inc. (Hotels, Restaurants & Leisure) | (a) | 8.125% | 07/01/2027 | 25,000 | 27,676 |
Caesars Resort Collection LLC / CRC Finco, Inc. (Hotels, Restaurants & Leisure) | (a) | 5.250% | 10/15/2025 | 50,000 | 50,529 |
Clarios Global LP (Automobiles) | (a) | 6.750% | 05/15/2025 | 25,000 | 26,937 |
Clarios Global LP / Clarios U.S. Finance Co. (Auto Components) | (a) | 6.250% | 05/15/2026 | 25,000 | 26,813 |
Clarios Global LP / Clarios U.S. Finance Co. (Auto Components) | (a) | 8.500% | 05/15/2027 | 50,000 | 54,320 |
Daimler Finance North America LLC (Automobiles) | (a) | 3.350% | 02/22/2023 | 325,000 | 343,928 |
Dana Financing Luxembourg SARL (Auto Components) | (a) | 5.750% | 04/15/2025 | 50,000 | 51,875 |
Dana, Inc. (Auto Components) | 5.375% | 11/15/2027 | 25,000 | 26,500 | |
Dollar General Corp. (Multiline Retail) | 3.875% | 04/15/2027 | 375,000 | 434,193 | |
Dollar Tree, Inc. (Multiline Retail) | 3.700% | 05/15/2023 | 400,000 | 428,157 | |
Garda World Security Corp. (Diversified Consumer Svs.) | (a) | 9.500% | 11/01/2027 | 75,000 | 83,062 |
Gates Global LLC / Gates Corp. (Auto Components) | (a) | 6.250% | 01/15/2026 | 75,000 | 78,750 |
General Motors Co. (Automobiles) | 6.125% | 10/01/2025 | 200,000 | 242,545 | |
Hilton Domestic Operating Co., Inc. (Hotels, Restaurants & Leisure) | (a) | 3.750% | 05/01/2029 | 50,000 | 52,134 |
Home Depot, Inc. / The (Specialty Retail) | 3.300% | 04/15/2040 | 450,000 | 529,627 | |
J.B. Poindexter & Co., Inc. (Auto Components) | (a) | 7.125% | 04/15/2026 | 50,000 | 52,875 |
MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer, Inc. (Hotels, Restaurants & Leisure) | (a) | 4.625% | 06/15/2025 | 25,000 | 26,775 |
MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer, Inc. (Hotels, Restaurants & Leisure) | 4.500% | 01/15/2028 | 25,000 | 26,597 | |
MGM Resorts International (Hotels, Restaurants & Leisure) | 6.750% | 05/01/2025 | 75,000 | 81,180 | |
Mohegan Gaming & Entertainment (Hotels, Restaurants & Leisure) | (a) | 7.875% | 10/15/2024 | 50,000 | 52,187 |
O'Reilly Automotive, Inc. (Specialty Retail) | 4.200% | 04/01/2030 | 200,000 | 240,804 | |
O'Reilly Automotive, Inc. (Specialty Retail) | 1.750% | 03/15/2031 | 160,000 | 160,149 | |
Six Flags Entertainment Corp. (Hotels, Restaurants & Leisure) | (a) | 5.500% | 04/15/2027 | 25,000 | 25,688 |
Stars Group Holdings B.V. / Stars Group U.S. Co-Borrower LLC (Hotels, Restaurants & Leisure) | (a) | 7.000% | 07/15/2026 | 100,000 | 105,250 |
Station Casinos LLC (Hotels, Restaurants & Leisure) | (a) | 5.000% | 10/01/2025 | 75,000 | 75,866 |
Tractor Supply Co. (Specialty Retail) | 1.750% | 11/01/2030 | 120,000 | 120,539 | |
William Carter Co. / The (Textiles, Apparel & Luxury Goods) | (a) | 5.500% | 05/15/2025 | 25,000 | 26,550 |
Wyndham Hotels & Resorts, Inc. (Hotels, Restaurants & Leisure) | (a) | 4.375% | 08/15/2028 | 25,000 | 25,976 |
Yum! Brands, Inc. (Hotels, Restaurants & Leisure) | 3.625% | 03/15/2031 | 75,000 | 75,812 | |
6,079,770 | |||||
Consumer Staples–3.8% | |||||
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC (Food & Staples Retailing) | 5.750% | 03/15/2025 | 40,000 | 41,200 | |
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC (Food & Staples Retailing) | (a) | 5.875% | 02/15/2028 | 100,000 | 108,819 |
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC (Food & Staples Retailing) | (a) | 3.500% | 03/15/2029 | 175,000 | 176,750 |
Alimentation Couche-Tard, Inc. (Food & Staples Retailing) | (a) | 3.800% | 01/25/2050 | 350,000 | 413,923 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Consumer Staples (continued) | |||||
Altria Group, Inc. (Tobacco) | 3.875% | 09/16/2046 | $ 300,000 | $ 316,384 | |
Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 4.350% | 06/01/2040 | 200,000 | 245,068 | |
Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 4.500% | 06/01/2050 | 500,000 | 629,138 | |
B.A.T. Capital Corp. (Tobacco) | 4.540% | 08/15/2047 | 350,000 | 388,060 | |
Campbell Soup Co. (Food Products) | 2.375% | 04/24/2030 | 250,000 | 263,934 | |
Clorox Co. / The (Household Products) | 1.800% | 05/15/2030 | 155,000 | 159,870 | |
Coca-Cola Femsa S.A.B de C.V. (Beverages) | 2.750% | 01/22/2030 | 250,000 | 269,530 | |
Coca-Cola Femsa S.A.B de C.V. (Beverages) | 1.850% | 09/01/2032 | 150,000 | 150,187 | |
Conagra Brands, Inc. (Food Products) | 1.375% | 11/01/2027 | 180,000 | 181,620 | |
Constellation Brands, Inc. (Beverages) | 3.750% | 05/01/2050 | 200,000 | 235,065 | |
Edgewell Personal Care Co. (Personal Products) | (a) | 5.500% | 06/01/2028 | 25,000 | 26,867 |
Energizer Holdings, Inc. (Household Products) | (a) | 4.375% | 03/31/2029 | 50,000 | 51,776 |
Flowers Foods, Inc. (Food Products) | 3.500% | 10/01/2026 | 325,000 | 362,197 | |
General Mills, Inc. (Food Products) | 3.700% | 10/17/2023 | 150,000 | 163,351 | |
General Mills, Inc. (Food Products) | 2.875% | 04/15/2030 | 150,000 | 166,230 | |
Grupo Bimbo S.A.B de C.V. (Food Products) | (a) | 4.875% | 06/27/2044 | 325,000 | 406,677 |
Heineken N.V. (Beverages) | (a) | 3.500% | 01/29/2028 | 375,000 | 426,587 |
J.M. Smucker Co. / The (Food Products) | 3.500% | 03/15/2025 | 200,000 | 222,874 | |
J.M. Smucker Co. / The (Food Products) | 2.375% | 03/15/2030 | 250,000 | 264,485 | |
Keurig Dr Pepper, Inc. (Beverages) | 4.417% | 05/25/2025 | 150,000 | 172,908 | |
Keurig Dr Pepper, Inc. (Beverages) | 3.200% | 05/01/2030 | 200,000 | 226,325 | |
Kraft Heinz Foods Co. (Food Products) | 5.200% | 07/15/2045 | 50,000 | 59,368 | |
Kraft Heinz Foods Co. (Food Products) | 4.375% | 06/01/2046 | 25,000 | 27,008 | |
Kroger Co. / The (Food & Staples Retailing) | 2.200% | 05/01/2030 | 200,000 | 210,050 | |
Kroger Co. / The (Food & Staples Retailing) | 3.950% | 01/15/2050 | 200,000 | 242,463 | |
McCormick & Co., Inc. (Food Products) | 2.500% | 04/15/2030 | 200,000 | 214,055 | |
Mondelez International, Inc. (Food Products) | 1.500% | 05/04/2025 | 175,000 | 180,958 | |
PepsiCo, Inc. (Beverages) | 2.750% | 03/19/2030 | 450,000 | 503,590 | |
Philip Morris International, Inc. (Tobacco) | 3.875% | 08/21/2042 | 290,000 | 340,956 | |
Post Holdings, Inc. (Food Products) | (a) | 5.750% | 03/01/2027 | 75,000 | 79,406 |
Post Holdings, Inc. (Food Products) | (a) | 4.625% | 04/15/2030 | 75,000 | 78,897 |
Reckitt Benckiser Treasury Services PLC (Household Products) | (a) | 3.000% | 06/26/2027 | 350,000 | 390,978 |
Smithfield Foods, Inc. (Food Products) | (a) | 3.000% | 10/15/2030 | 150,000 | 158,712 |
Tyson Foods, Inc. (Food Products) | 3.550% | 06/02/2027 | 350,000 | 399,642 | |
U.S. Foods, Inc. (Food & Staples Retailing) | (a) | 5.875% | 06/15/2024 | 25,000 | 25,344 |
Unilever Capital Corp. (Personal Products) | 0.375% | 09/14/2023 | 100,000 | 100,308 | |
9,081,560 | |||||
Energy–3.5% | |||||
Antero Midstream Partners LP / Antero Midstream Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 7.875% | 05/15/2026 | 25,000 | 25,815 |
Antero Midstream Partners LP / Antero Midstream Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 5.750% | 03/01/2027 | 125,000 | 122,812 |
Antero Resources Corp. (Oil, Gas & Consumable Fuels) | (a) | 8.375% | 07/15/2026 | 25,000 | 25,517 |
Archrock Partners LP / Archrock Partners Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 6.875% | 04/01/2027 | 50,000 | 53,813 |
Archrock Partners LP / Archrock Partners Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 6.250% | 04/01/2028 | 25,000 | 26,024 |
Ascent Resources Utica Holdings LLC / ARU Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 7.000% | 11/01/2026 | 50,000 | 47,875 |
Boardwalk Pipelines LP (Oil, Gas & Consumable Fuels) | 3.400% | 02/15/2031 | 450,000 | 469,283 | |
BP Capital Markets America, Inc. (Oil, Gas & Consumable Fuels) | 3.194% | 04/06/2025 | 175,000 | 192,398 | |
BP Capital Markets America, Inc. (Oil, Gas & Consumable Fuels) | 3.588% | 04/14/2027 | 350,000 | 397,710 | |
Buckeye Partners LP (Oil, Gas & Consumable Fuels) | (a) | 4.125% | 03/01/2025 | 50,000 | 50,625 |
Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels) | 2.050% | 07/15/2025 | 250,000 | 262,192 | |
Cheniere Energy Partners LP (Oil, Gas & Consumable Fuels) | 5.625% | 10/01/2026 | 25,000 | 26,063 | |
Cheniere Energy Partners LP (Oil, Gas & Consumable Fuels) | 4.500% | 10/01/2029 | 50,000 | 52,889 | |
Cheniere Energy, Inc. (Oil, Gas & Consumable Fuels) | (a) | 4.625% | 10/15/2028 | 25,000 | 26,250 |
Chevron Corp. (Oil, Gas & Consumable Fuels) | 3.078% | 05/11/2050 | 225,000 | 249,446 | |
CNX Midstream Partners LP / CNX Midstream Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 6.500% | 03/15/2026 | 75,000 | 76,312 |
Continental Resources, Inc. (Oil, Gas & Consumable Fuels) | (a) | 5.750% | 01/15/2031 | 25,000 | 27,750 |
CrownRock LP / CrownRock Finance, Inc. (Oil, Gas & Consumable Fuels) | (a) | 5.625% | 10/15/2025 | 75,000 | 76,500 |
Enbridge Energy Partners LP (Oil, Gas & Consumable Fuels) | 5.500% | 09/15/2040 | 250,000 | 308,291 | |
Endeavor Energy Resources LP / EER Finance, Inc. (Oil, Gas & Consumable Fuels) | (a) | 6.625% | 07/15/2025 | 25,000 | 26,750 |
Energy Transfer Operating LP (Oil, Gas & Consumable Fuels) | 3.750% | 05/15/2030 | 400,000 | 431,238 | |
Energy Transfer Operating LP (Oil, Gas & Consumable Fuels) | 5.000% | 05/15/2050 | 100,000 | 108,123 | |
Enterprise Products Operating LLC (Oil, Gas & Consumable Fuels) | 3.950% | 02/15/2027 | 100,000 | 115,113 | |
Enterprise Products Operating LLC (Oil, Gas & Consumable Fuels) | 2.800% | 01/31/2030 | 80,000 | 86,660 | |
Enterprise Products Operating LLC (Oil, Gas & Consumable Fuels) | 3.700% | 01/31/2051 | 200,000 | 219,760 | |
Enviva Partners LP / Enviva Partners Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 6.500% | 01/15/2026 | 75,000 | 79,687 |
EQM Midstream Partners LP (Oil, Gas & Consumable Fuels) | 5.500% | 07/15/2028 | 75,000 | 81,964 | |
EQM Midstream Partners LP (Oil, Gas & Consumable Fuels) | 6.500% | 07/15/2048 | 50,000 | 51,875 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Energy (continued) | |||||
EQT Corp. (Oil, Gas & Consumable Fuels) | 7.875% | 02/01/2025 | $ 50,000 | $ 56,937 | |
EQT Corp. (Oil, Gas & Consumable Fuels) | 5.000% | 01/15/2029 | 25,000 | 26,358 | |
Exxon Mobil Corp. (Oil, Gas & Consumable Fuels) | 3.482% | 03/19/2030 | 500,000 | 581,875 | |
Hess Midstream Operations LP (Oil, Gas & Consumable Fuels) | (a) | 5.125% | 06/15/2028 | 25,000 | 26,133 |
Holly Energy Partners LP / Holly Energy Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 5.000% | 02/01/2028 | 25,000 | 25,188 |
Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels) | 4.300% | 03/01/2028 | 300,000 | 351,687 | |
Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels) | 3.250% | 08/01/2050 | 145,000 | 145,244 | |
Nabors Industries Ltd. (Energy Equip. & Svs.) | (a) | 7.250% | 01/15/2026 | 50,000 | 35,059 |
NuStar Logistics LP (Oil, Gas & Consumable Fuels) | 6.000% | 06/01/2026 | 50,000 | 54,075 | |
NuStar Logistics LP (Oil, Gas & Consumable Fuels) | 6.375% | 10/01/2030 | 25,000 | 28,320 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 2.900% | 08/15/2024 | 25,000 | 24,063 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 8.000% | 07/15/2025 | 25,000 | 28,475 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 8.875% | 07/15/2030 | 25,000 | 29,344 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 6.450% | 09/15/2036 | 75,000 | 78,525 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 4.300% | 08/15/2039 | 50,000 | 42,058 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 4.400% | 04/15/2046 | 75,000 | 65,360 | |
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 2.200% | 09/15/2025 | 75,000 | 78,181 | |
Parsley Energy LLC / Parsley Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 5.625% | 10/15/2027 | 25,000 | 27,363 |
PDC Energy, Inc. (Oil, Gas & Consumable Fuels) | 6.125% | 09/15/2024 | 25,000 | 25,690 | |
PDC Energy, Inc. (Oil, Gas & Consumable Fuels) | 5.750% | 05/15/2026 | 25,000 | 25,813 | |
Phillips 66 (Oil, Gas & Consumable Fuels) | 0.900% | 02/15/2024 | 150,000 | 150,455 | |
Phillips 66 (Oil, Gas & Consumable Fuels) | 3.850% | 04/09/2025 | 175,000 | 197,104 | |
Precision Drilling Corp. (Energy Equip. & Svs.) | 5.250% | 11/15/2024 | 50,000 | 43,250 | |
QEP Resources, Inc. (Oil, Gas & Consumable Fuels) | 5.625% | 03/01/2026 | 50,000 | 54,827 | |
Range Resources Corp. (Oil, Gas & Consumable Fuels) | 4.875% | 05/15/2025 | 25,000 | 23,615 | |
Range Resources Corp. (Oil, Gas & Consumable Fuels) | 9.250% | 02/01/2026 | 25,000 | 26,125 | |
Rattler Midstream LP (Oil, Gas & Consumable Fuels) | (a) | 5.625% | 07/15/2025 | 25,000 | 26,406 |
Shell International Finance B.V. (Oil, Gas & Consumable Fuels) | 0.375% | 09/15/2023 | 230,000 | 230,486 | |
Shell International Finance B.V. (Oil, Gas & Consumable Fuels) | 2.375% | 04/06/2025 | 200,000 | 214,459 | |
Shell International Finance B.V. (Oil, Gas & Consumable Fuels) | 2.750% | 04/06/2030 | 250,000 | 275,686 | |
Suncor Energy, Inc. (Oil, Gas & Consumable Fuels) | 2.800% | 05/15/2023 | 290,000 | 305,113 | |
Targa Resources Partners LP / Targa Resources Partners Finance Corp. (Oil, Gas & Consumable Fuels) | 5.875% | 04/15/2026 | 100,000 | 106,022 | |
Targa Resources Partners LP / Targa Resources Partners Finance Corp. (Oil, Gas & Consumable Fuels) | 5.375% | 02/01/2027 | 50,000 | 52,519 | |
Targa Resources Partners LP / Targa Resources Partners Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 4.875% | 02/01/2031 | 50,000 | 54,250 |
U.S.A. Compression Partners LP / U.S.A. Compression Finance Corp. (Energy Equip. & Svs.) | 6.875% | 04/01/2026 | 75,000 | 78,375 | |
Valero Energy Corp. (Oil, Gas & Consumable Fuels) | 2.150% | 09/15/2027 | 320,000 | 326,826 | |
Valero Energy Corp. (Oil, Gas & Consumable Fuels) | 4.350% | 06/01/2028 | 175,000 | 199,101 | |
Western Midstream Operating LP (Oil, Gas & Consumable Fuels) | 4.500% | 03/01/2028 | 50,000 | 51,750 | |
Western Midstream Operating LP (Oil, Gas & Consumable Fuels) | 5.300% | 03/01/2048 | 50,000 | 49,548 | |
Western Midstream Operating LP (Oil, Gas & Consumable Fuels) | 5.500% | 08/15/2048 | 50,000 | 49,080 | |
Williams Cos., Inc. / The (Oil, Gas & Consumable Fuels) | 3.750% | 06/15/2027 | 250,000 | 285,153 | |
WPX Energy, Inc. (Oil, Gas & Consumable Fuels) | 5.750% | 06/01/2026 | 25,000 | 26,281 | |
WPX Energy, Inc. (Oil, Gas & Consumable Fuels) | 4.500% | 01/15/2030 | 25,000 | 26,500 | |
8,327,414 | |||||
Financials–10.7% | |||||
Aflac, Inc. (Insurance) | 3.625% | 06/15/2023 | 350,000 | 377,345 | |
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer (Insurance) | (a) | 6.750% | 10/15/2027 | 75,000 | 80,250 |
American Express Credit Corp. (Consumer Finance) | 3.300% | 05/03/2027 | 400,000 | 454,868 | |
American Honda Finance Corp. (Consumer Finance) | 0.875% | 07/07/2023 | 400,000 | 404,843 | |
American International Group, Inc. (Insurance) | 4.500% | 07/16/2044 | 250,000 | 319,795 | |
AmWINS Group, Inc. (Insurance) | (a) | 7.750% | 07/01/2026 | 75,000 | 80,543 |
AssuredPartners, Inc. (Insurance) | (a) | 7.000% | 08/15/2025 | 75,000 | 77,734 |
AssuredPartners, Inc. (Insurance) | (a) | 5.625% | 01/15/2029 | 25,000 | 26,094 |
Bank of America Corp. (Rate is fixed until 02/13/2025, at which point, the rate becomes QL + 64) (Banks) | (b) | 2.015% | 02/13/2026 | 1,175,000 | 1,231,214 |
Bank of America Corp. (Rate is fixed until 04/29/2030, at which point, the rate becomes SOFR + 215) (Banks) | (b) | 2.592% | 04/29/2031 | 900,000 | 964,432 |
Bank of New York Mellon Corp. / The (Capital Markets) | 2.200% | 08/16/2023 | 650,000 | 680,856 | |
BlackRock, Inc. (Capital Markets) | 1.900% | 01/28/2031 | 200,000 | 209,221 | |
Capital One Financial Corp. (Consumer Finance) | 3.900% | 01/29/2024 | 350,000 | 383,329 | |
Chubb INA Holdings, Inc. (Insurance) | 3.350% | 05/03/2026 | 200,000 | 225,337 | |
Citigroup, Inc. (Rate is fixed until 01/24/2022, at which point, the rate becomes QL + 72) (Banks) | (b) | 3.142% | 01/24/2023 | 550,000 | 565,546 |
Citigroup, Inc. (Rate is fixed until 04/24/2024, at which point, the rate becomes QL + 90) (Banks) | (b) | 3.352% | 04/24/2025 | 350,000 | 380,454 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Financials (continued) | |||||
Citigroup, Inc. (Rate is fixed until 01/29/2030, at which point, the rate becomes SOFR + 115) (Banks) | (b) | 2.666% | 01/29/2031 | $ 725,000 | $ 777,360 |
Citizens Bank N.A. (Banks) | 3.750% | 02/18/2026 | 250,000 | 284,007 | |
Comerica, Inc. (Banks) | 3.800% | 07/22/2026 | 200,000 | 227,246 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 4.250% | 09/20/2022 | 200,000 | 206,432 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 5.113% | 05/03/2029 | 200,000 | 222,740 | |
GE Capital Funding LLC (Diversified Financial Svs.) | (a) | 4.400% | 05/15/2030 | 550,000 | 648,025 |
General Motors Financial Co., Inc. (Consumer Finance) | 2.900% | 02/26/2025 | 400,000 | 427,089 | |
General Motors Financial Co., Inc. (Consumer Finance) | 2.700% | 08/20/2027 | 350,000 | 371,042 | |
Goldman Sachs Group, Inc. / The (Rate is fixed until 10/31/2021, at which point, the rate becomes QL + 82) (Capital Markets) | (b) | 2.876% | 10/31/2022 | 375,000 | 382,604 |
Goldman Sachs Group, Inc. / The (Capital Markets) | 3.500% | 04/01/2025 | 375,000 | 417,008 | |
Goldman Sachs Group, Inc. / The (Capital Markets) | 3.800% | 03/15/2030 | 700,000 | 823,237 | |
GTCR AP Finance, Inc. (Insurance) | (a) | 8.000% | 05/15/2027 | 50,000 | 54,298 |
Hartford Financial Services Group, Inc. / The (Insurance) | 4.400% | 03/15/2048 | 200,000 | 263,355 | |
HSBC Holdings PLC (Banks) | 3.900% | 05/25/2026 | 900,000 | 1,027,056 | |
HUB International Ltd. (Insurance) | (a) | 7.000% | 05/01/2026 | 200,000 | 209,158 |
Huntington Bancshares, Inc. (Banks) | 2.550% | 02/04/2030 | 225,000 | 241,173 | |
Hyundai Capital America (Consumer Finance) | (a) | 2.375% | 10/15/2027 | 455,000 | 476,854 |
Jefferies Group LLC (Diversified Financial Svs.) | 2.750% | 10/15/2032 | 105,000 | 110,124 | |
John Deere Capital Corp. (Consumer Finance) | 3.450% | 03/07/2029 | 375,000 | 434,951 | |
JPMorgan Chase & Co. (Rate is fixed until 04/25/2022, at which point, the rate becomes QL + 94) (Banks) | (b) | 2.776% | 04/25/2023 | 350,000 | 361,308 |
JPMorgan Chase & Co. (Banks) | 3.125% | 01/23/2025 | 725,000 | 793,925 | |
JPMorgan Chase & Co. (Rate is fixed until 04/22/2030, at which point, the rate becomes SOFR + 204) (Banks) | (b) | 2.522% | 04/22/2031 | 900,000 | 966,840 |
JPMorgan Chase & Co. (Rate is fixed until 11/19/2030, at which point, the rate becomes SOFR + 111) (Banks) | (b) | 1.764% | 11/19/2031 | 100,000 | 100,959 |
Liberty Mutual Group, Inc. (Insurance) | (a) | 3.951% | 10/15/2050 | 225,000 | 268,956 |
Lincoln National Corp. (Insurance) | 4.000% | 09/01/2023 | 200,000 | 218,140 | |
Lincoln National Corp. (Insurance) | 3.050% | 01/15/2030 | 200,000 | 222,955 | |
M&T Bank Corp. (Banks) | 3.550% | 07/26/2023 | 375,000 | 405,124 | |
MetLife, Inc. (Insurance) | 4.050% | 03/01/2045 | 200,000 | 256,018 | |
Morgan Stanley (Capital Markets) | 4.100% | 05/22/2023 | 225,000 | 244,176 | |
Morgan Stanley (Capital Markets) | 6.250% | 08/09/2026 | 225,000 | 287,131 | |
Morgan Stanley (Rate is fixed until 01/24/2028, at which point, the rate becomes QL + 114) (Capital Markets) | (b) | 3.772% | 01/24/2029 | 700,000 | 811,161 |
Morgan Stanley (Rate is fixed until 02/13/2031, at which point, the rate becomes SOFR + 103) (Capital Markets) | (b) | 1.794% | 02/13/2032 | 125,000 | 125,697 |
Nationwide Mutual Insurance Co. (Insurance) | (a) | 4.350% | 04/30/2050 | 200,000 | 234,547 |
Navient Corp. (Consumer Finance) | 5.500% | 01/25/2023 | 50,000 | 52,250 | |
Navient Corp. (Consumer Finance) | 5.875% | 10/25/2024 | 50,000 | 53,125 | |
NFP Corp. (Insurance) | (a) | 7.000% | 05/15/2025 | 25,000 | 26,875 |
NFP Corp. (Insurance) | (a) | 6.875% | 08/15/2028 | 100,000 | 106,768 |
Northern Trust Corp. (Capital Markets) | 1.950% | 05/01/2030 | 175,000 | 182,308 | |
PNC Bank N.A. (Banks) | 3.250% | 01/22/2028 | 250,000 | 285,129 | |
Prudential Financial, Inc. (Insurance) | 3.700% | 03/13/2051 | 300,000 | 363,325 | |
Quicken Loans LLC / Quicken Loans Co-Issuer, Inc. (Thrifts & Mortgage Finance) | (a) | 3.625% | 03/01/2029 | 50,000 | 51,000 |
Quicken Loans LLC / Quicken Loans Co-Issuer, Inc. (Thrifts & Mortgage Finance) | (a) | 3.875% | 03/01/2031 | 75,000 | 77,813 |
Raymond James Financial, Inc. (Capital Markets) | 4.650% | 04/01/2030 | 100,000 | 122,603 | |
Refinitiv U.S. Holdings, Inc. (Capital Markets) | (a) | 8.250% | 11/15/2026 | 100,000 | 109,125 |
Regions Financial Corp. (Banks) | 2.250% | 05/18/2025 | 170,000 | 180,246 | |
Stifel Financial Corp. (Capital Markets) | 4.000% | 05/15/2030 | 200,000 | 228,422 | |
Synovus Bank (Rate is fixed until 02/10/2022, at which point, the rate becomes SOFR + 95) (Banks) | (b) | 2.289% | 02/10/2023 | 250,000 | 253,172 |
Toyota Motor Credit Corp. (Consumer Finance) | 2.700% | 01/11/2023 | 475,000 | 497,357 | |
Travelers Cos., Inc. / The (Insurance) | 2.550% | 04/27/2050 | 300,000 | 315,176 | |
Truist Bank (Banks) | 3.000% | 02/02/2023 | 700,000 | 736,533 | |
U.S. Bancorp (Banks) | 1.375% | 07/22/2030 | 400,000 | 400,721 | |
United Shore Financial Services LLC (Thrifts & Mortgage Finance) | (a) | 5.500% | 11/15/2025 | 100,000 | 105,500 |
USI, Inc. (Insurance) | (a) | 6.875% | 05/01/2025 | 75,000 | 76,875 |
Volkswagen Group of America Finance LLC (Consumer Finance) | (a) | 4.250% | 11/13/2023 | 350,000 | 384,909 |
Wells Fargo & Co. (Banks) | 3.750% | 01/24/2024 | 350,000 | 382,039 | |
Wells Fargo & Co. (Banks) | 3.000% | 10/23/2026 | 550,000 | 609,512 | |
Wells Fargo & Co. (Rate is fixed until 02/11/2030, at which point, the rate becomes QL + 100) (Banks) | (b) | 2.572% | 02/11/2031 | 725,000 | 766,869 |
25,730,209 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Health Care–4.4% | |||||
Abbott Laboratories (Health Care Equip. & Supplies) | 3.750% | 11/30/2026 | $ 225,000 | $ 263,509 | |
AbbVie, Inc. (Biotechnology) | 3.200% | 11/21/2029 | 225,000 | 252,029 | |
AbbVie, Inc. (Biotechnology) | 4.250% | 11/21/2049 | 250,000 | 313,342 | |
Acadia Healthcare Co., Inc. (Health Care Providers & Svs.) | 5.625% | 02/15/2023 | 25,000 | 25,063 | |
Acadia Healthcare Co., Inc. (Health Care Providers & Svs.) | 6.500% | 03/01/2024 | 75,000 | 76,594 | |
Acadia Healthcare Co., Inc. (Health Care Providers & Svs.) | (a) | 5.500% | 07/01/2028 | 25,000 | 26,851 |
AdaptHealth LLC (Health Care Providers & Svs.) | (a) | 4.625% | 08/01/2029 | 25,000 | 25,688 |
Agilent Technologies, Inc. (Life Sciences Tools & Svs.) | 2.750% | 09/15/2029 | 100,000 | 109,040 | |
Agilent Technologies, Inc. (Life Sciences Tools & Svs.) | 2.100% | 06/04/2030 | 110,000 | 114,204 | |
Alcon Finance Corp. (Health Care Equip. & Supplies) | (a) | 2.600% | 05/27/2030 | 200,000 | 213,006 |
Amgen, Inc. (Biotechnology) | 3.375% | 02/21/2050 | 375,000 | 418,203 | |
AstraZeneca PLC (Pharmaceuticals) | 2.375% | 06/12/2022 | 125,000 | 128,482 | |
AstraZeneca PLC (Pharmaceuticals) | 3.125% | 06/12/2027 | 400,000 | 449,836 | |
Avantor Funding, Inc. (Health Care Equip. & Supplies) | (a) | 4.625% | 07/15/2028 | 50,000 | 52,875 |
Bausch Health Americas, Inc. (Pharmaceuticals) | (a) | 8.500% | 01/31/2027 | 50,000 | 55,608 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 6.125% | 04/15/2025 | 100,000 | 103,066 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 5.500% | 11/01/2025 | 50,000 | 51,815 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 5.000% | 01/30/2028 | 25,000 | 25,764 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 6.250% | 02/15/2029 | 50,000 | 54,312 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 5.250% | 02/15/2031 | 50,000 | 52,236 |
Bayer U.S. Finance LLC (Pharmaceuticals) | (a) | 3.375% | 10/08/2024 | 375,000 | 409,222 |
Becton Dickinson & Co. (Health Care Equip. & Supplies) | 3.700% | 06/06/2027 | 200,000 | 229,437 | |
Becton Dickinson & Co. (Health Care Equip. & Supplies) | 4.685% | 12/15/2044 | 200,000 | 257,776 | |
Biogen, Inc. (Biotechnology) | 3.150% | 05/01/2050 | 350,000 | 362,252 | |
Bristol-Myers Squibb Co. (Pharmaceuticals) | 0.750% | 11/13/2025 | 120,000 | 120,793 | |
Bristol-Myers Squibb Co. (Pharmaceuticals) | 3.900% | 02/20/2028 | 375,000 | 443,814 | |
Bristol-Myers Squibb Co. (Pharmaceuticals) | 4.250% | 10/26/2049 | 100,000 | 135,204 | |
Centene Corp. (Health Care Providers & Svs.) | 4.750% | 01/15/2025 | 50,000 | 51,312 | |
Centene Corp. (Health Care Providers & Svs.) | 4.250% | 12/15/2027 | 100,000 | 106,000 | |
Centene Corp. (Health Care Providers & Svs.) | 3.000% | 10/15/2030 | 75,000 | 79,492 | |
CHS / Community Health Systems, Inc. (Health Care Providers & Svs.) | (a) | 5.625% | 03/15/2027 | 25,000 | 26,881 |
CVS Health Corp. (Health Care Providers & Svs.) | 2.875% | 06/01/2026 | 200,000 | 219,786 | |
CVS Health Corp. (Health Care Providers & Svs.) | 4.250% | 04/01/2050 | 425,000 | 530,698 | |
Danaher Corp. (Health Care Equip. & Supplies) | 2.600% | 10/01/2050 | 295,000 | 305,684 | |
DENTSPLY SIRONA, Inc. (Health Care Equip. & Supplies) | 3.250% | 06/01/2030 | 110,000 | 122,445 | |
Eli Lilly and Co. (Pharmaceuticals) | 3.375% | 03/15/2029 | 375,000 | 435,118 | |
Emergent BioSolutions, Inc. (Biotechnology) | (a) | 3.875% | 08/15/2028 | 25,000 | 25,888 |
Endo DAC / Endo Finance LLC / Endo Finco, Inc. (Pharmaceuticals) | (a) | 9.500% | 07/31/2027 | 5,000 | 5,581 |
Endo DAC / Endo Finance LLC / Endo Finco, Inc. (Pharmaceuticals) | (a) | 6.000% | 06/30/2028 | 25,000 | 21,250 |
Global Medical Response, Inc. (Health Care Providers & Svs.) | (a) | 6.500% | 10/01/2025 | 100,000 | 104,500 |
HCA, Inc. (Health Care Providers & Svs.) | 5.375% | 09/01/2026 | 100,000 | 114,940 | |
HCA, Inc. (Health Care Providers & Svs.) | 3.500% | 09/01/2030 | 150,000 | 159,303 | |
Jaguar Holding Co. II / PPD Development LP (Health Care Providers & Svs.) | (a) | 4.625% | 06/15/2025 | 25,000 | 26,365 |
Jaguar Holding Co. II / PPD Development LP (Health Care Providers & Svs.) | (a) | 5.000% | 06/15/2028 | 25,000 | 26,688 |
Legacy LifePoint Health LLC (Health Care Providers & Svs.) | (a) | 6.750% | 04/15/2025 | 50,000 | 53,690 |
Legacy LifePoint Health LLC (Health Care Providers & Svs.) | (a) | 5.375% | 01/15/2029 | 25,000 | 24,983 |
Mallinckrodt International Finance S.A. / Mallinckrodt CB LLC (Acquired 05/05/2020, Cost $12,500) (Pharmaceuticals) | (a)(c) | 5.625% | 10/15/2023 | 50,000 | 17,250 |
MEDNAX, Inc. (Health Care Providers & Svs.) | (a) | 6.250% | 01/15/2027 | 25,000 | 26,812 |
Merck & Co., Inc. (Pharmaceuticals) | 3.400% | 03/07/2029 | 450,000 | 523,272 | |
MPH Acquisition Holdings LLC (Health Care Providers & Svs.) | (a) | 5.750% | 11/01/2028 | 75,000 | 73,312 |
Par Pharmaceutical, Inc. (Pharmaceuticals) | (a) | 7.500% | 04/01/2027 | 14,000 | 15,190 |
PerkinElmer, Inc. (Life Sciences Tools & Svs.) | 3.300% | 09/15/2029 | 200,000 | 225,391 | |
Prestige Brands, Inc. (Pharmaceuticals) | (a) | 6.375% | 03/01/2024 | 25,000 | 25,563 |
Prestige Brands, Inc. (Pharmaceuticals) | (a) | 5.125% | 01/15/2028 | 75,000 | 79,969 |
Regeneron Pharmaceuticals, Inc. (Biotechnology) | 2.800% | 09/15/2050 | 352,000 | 340,741 | |
Royalty Pharma PLC (Pharmaceuticals) | (a) | 1.750% | 09/02/2027 | 260,000 | 267,417 |
Stryker Corp. (Health Care Equip. & Supplies) | 3.500% | 03/15/2026 | 200,000 | 226,372 | |
Syneos Health, Inc. (Life Sciences Tools & Svs.) | (a) | 3.625% | 01/15/2029 | 25,000 | 25,069 |
Takeda Pharmaceutical Co. Ltd. (Pharmaceuticals) | 2.050% | 03/31/2030 | 200,000 | 204,516 | |
Takeda Pharmaceutical Co. Ltd. (Pharmaceuticals) | 3.025% | 07/09/2040 | 200,000 | 210,694 | |
Teleflex, Inc. (Health Care Equip. & Supplies) | (a) | 4.250% | 06/01/2028 | 25,000 | 26,500 |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | 6.750% | 06/15/2023 | 25,000 | 26,895 | |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | 4.625% | 07/15/2024 | 50,000 | 51,251 | |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | 5.125% | 05/01/2025 | 75,000 | 76,462 | |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | 7.000% | 08/01/2025 | 25,000 | 25,841 | |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | (a) | 6.125% | 10/01/2028 | 25,000 | 26,091 |
UnitedHealth Group, Inc. (Health Care Providers & Svs.) | 2.900% | 05/15/2050 | 320,000 | 353,598 | |
Vizient, Inc. (Health Care Providers & Svs.) | (a) | 6.250% | 05/15/2027 | 25,000 | 26,875 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Health Care (continued) | |||||
West Street Merger Sub, Inc. (Life Sciences Tools & Svs.) | (a) | 6.375% | 09/01/2025 | $ 75,000 | $ 76,875 |
Zoetis, Inc. (Pharmaceuticals) | 3.000% | 05/15/2050 | 300,000 | 330,141 | |
10,492,722 | |||||
Industrials–4.5% | |||||
Airbus SE (Aerospace & Defense) | (a) | 3.150% | 04/10/2027 | 375,000 | 405,943 |
Allegion PLC (Building Products) | 3.500% | 10/01/2029 | 400,000 | 443,681 | |
Allied Universal Holdco LLC / Allied Universal Finance Corp. (Commercial Svs. & Supplies) | (a) | 6.625% | 07/15/2026 | 25,000 | 26,658 |
Allied Universal Holdco LLC / Allied Universal Finance Corp. (Commercial Svs. & Supplies) | (a) | 9.750% | 07/15/2027 | 125,000 | 136,250 |
American Builders & Contractors Supply Co., Inc. (Trading Companies & Distributors) | (a) | 5.875% | 05/15/2026 | 25,000 | 25,906 |
American Builders & Contractors Supply Co., Inc. (Trading Companies & Distributors) | (a) | 4.000% | 01/15/2028 | 25,000 | 25,875 |
BAE Systems PLC (Aerospace & Defense) | (a) | 3.000% | 09/15/2050 | 200,000 | 208,286 |
Boeing Co. / The (Aerospace & Defense) | 2.500% | 03/01/2025 | 200,000 | 208,407 | |
Boeing Co. / The (Aerospace & Defense) | 2.950% | 02/01/2030 | 225,000 | 232,747 | |
Boeing Co. / The (Aerospace & Defense) | 5.805% | 05/01/2050 | 300,000 | 413,776 | |
Brink's Co. / The (Commercial Svs. & Supplies) | (a) | 5.500% | 07/15/2025 | 25,000 | 26,688 |
Burlington Northern Santa Fe LLC (Road & Rail) | 3.000% | 04/01/2025 | 175,000 | 191,750 | |
Canadian Pacific Railway Co. (Road & Rail) | 2.050% | 03/05/2030 | 175,000 | 183,777 | |
Carrier Global Corp. (Building Products) | 2.700% | 02/15/2031 | 140,000 | 150,332 | |
CNH Industrial N.V. (Machinery) | 3.850% | 11/15/2027 | 375,000 | 422,304 | |
Core & Main LP (Commercial Svs. & Supplies) | (a) | 6.125% | 08/15/2025 | 50,000 | 51,687 |
Cornerstone Building Brands, Inc. (Building Products) | (a) | 8.000% | 04/15/2026 | 50,000 | 52,625 |
Cornerstone Building Brands, Inc. (Building Products) | (a) | 6.125% | 01/15/2029 | 25,000 | 26,563 |
CP Atlas Buyer, Inc. (Building Products) | (a) | 7.000% | 12/01/2028 | 25,000 | 25,938 |
Dun & Bradstreet Corp. / The (Professional Svs.) | (a) | 10.250% | 02/15/2027 | 60,000 | 67,650 |
Equifax, Inc. (Professional Svs.) | 2.600% | 12/15/2025 | 350,000 | 377,703 | |
ERAC U.S.A. Finance LLC (Road & Rail) | (a) | 3.850% | 11/15/2024 | 350,000 | 389,102 |
Experian Finance PLC (Professional Svs.) | (a) | 4.250% | 02/01/2029 | 200,000 | 240,674 |
FedEx Corp. (Air Freight & Logistics) | 4.250% | 05/15/2030 | 100,000 | 121,439 | |
FedEx Corp. (Air Freight & Logistics) | 4.050% | 02/15/2048 | 200,000 | 241,343 | |
Garda World Security Corp. (Commercial Svs. & Supplies) | (a) | 4.625% | 02/15/2027 | 25,000 | 25,250 |
General Electric Co. (Industrial Conglomerates) | 4.350% | 05/01/2050 | 100,000 | 121,407 | |
H&E Equipment Services, Inc. (Trading Companies & Distributors) | (a) | 3.875% | 12/15/2028 | 50,000 | 50,376 |
Honeywell International, Inc. (Industrial Conglomerates) | 1.350% | 06/01/2025 | 65,000 | 67,264 | |
Honeywell International, Inc. (Industrial Conglomerates) | 2.800% | 06/01/2050 | 70,000 | 76,628 | |
Huntington Ingalls Industries, Inc. (Aerospace & Defense) | 3.483% | 12/01/2027 | 100,000 | 112,052 | |
IAA, Inc. (Commercial Svs. & Supplies) | (a) | 5.500% | 06/15/2027 | 25,000 | 26,500 |
IHS Markit Ltd. (Professional Svs.) | 4.750% | 08/01/2028 | 250,000 | 307,882 | |
Interface, Inc. (Commercial Svs. & Supplies) | (a) | 5.500% | 12/01/2028 | 25,000 | 26,313 |
Kansas City Southern (Road & Rail) | 3.500% | 05/01/2050 | 200,000 | 221,956 | |
KAR Auction Services, Inc. (Commercial Svs. & Supplies) | (a) | 5.125% | 06/01/2025 | 75,000 | 77,177 |
Lennox International, Inc. (Building Products) | 3.000% | 11/15/2023 | 375,000 | 395,223 | |
Lockheed Martin Corp. (Aerospace & Defense) | 2.900% | 03/01/2025 | 275,000 | 299,890 | |
Lockheed Martin Corp. (Aerospace & Defense) | 1.850% | 06/15/2030 | 100,000 | 104,855 | |
Masco Corp. (Building Products) | 3.500% | 11/15/2027 | 150,000 | 170,174 | |
Nielsen Finance LLC / Nielsen Finance Co. (Professional Svs.) | (a) | 5.000% | 04/15/2022 | 27,000 | 27,071 |
Nielsen Finance LLC / Nielsen Finance Co. (Professional Svs.) | (a) | 5.625% | 10/01/2028 | 25,000 | 27,164 |
Nielsen Finance LLC / Nielsen Finance Co. (Professional Svs.) | (a) | 5.875% | 10/01/2030 | 50,000 | 56,562 |
Northrop Grumman Corp. (Aerospace & Defense) | 3.250% | 01/15/2028 | 400,000 | 452,134 | |
Otis Worldwide Corp. (Machinery) | 2.565% | 02/15/2030 | 200,000 | 214,652 | |
Penske Truck Leasing Co. LP / PTL Finance Corp. (Road & Rail) | (a) | 3.450% | 07/01/2024 | 350,000 | 381,344 |
Roper Technologies, Inc. (Industrial Conglomerates) | 2.800% | 12/15/2021 | 325,000 | 331,896 | |
Ryder System, Inc. (Road & Rail) | 3.400% | 03/01/2023 | 350,000 | 370,766 | |
Sensata Technologies, Inc. (Electrical Equip.) | (a) | 3.750% | 02/15/2031 | 25,000 | 25,915 |
Southwest Airlines Co. (Airlines) | 5.250% | 05/04/2025 | 175,000 | 202,640 | |
Standard Industries, Inc. (Building Products) | (a) | 5.000% | 02/15/2027 | 25,000 | 26,125 |
Standard Industries, Inc. (Building Products) | (a) | 3.375% | 01/15/2031 | 75,000 | 75,375 |
Tempo Acquisition LLC / Tempo Acquisition Finance Corp. (Professional Svs.) | (a) | 6.750% | 06/01/2025 | 100,000 | 103,355 |
Textron, Inc. (Aerospace & Defense) | 3.650% | 03/15/2027 | 300,000 | 331,039 | |
TransDigm, Inc. (Aerospace & Defense) | 6.500% | 05/15/2025 | 50,000 | 51,375 | |
TransDigm, Inc. (Aerospace & Defense) | (a) | 6.250% | 03/15/2026 | 75,000 | 79,875 |
TransDigm, Inc. (Aerospace & Defense) | 5.500% | 11/15/2027 | 75,000 | 78,847 | |
Trident TPI Holdings, Inc. (Machinery) | (a) | 9.250% | 08/01/2024 | 75,000 | 79,875 |
Union Pacific Corp. (Road & Rail) | 2.400% | 02/05/2030 | 275,000 | 295,884 | |
United Rentals North America, Inc. (Trading Companies & Distributors) | 5.250% | 01/15/2030 | 50,000 | 55,500 | |
United Rentals North America, Inc. (Trading Companies & Distributors) | 3.875% | 02/15/2031 | 50,000 | 52,452 | |
Verisk Analytics, Inc. (Professional Svs.) | 4.125% | 03/15/2029 | 200,000 | 240,234 | |
Watco Cos. LLC / Watco Finance Corp. (Road & Rail) | (a) | 6.500% | 06/15/2027 | 25,000 | 27,063 |
WESCO Distribution, Inc. (Trading Companies & Distributors) | (a) | 7.125% | 06/15/2025 | 25,000 | 27,496 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Industrials (continued) | |||||
WESCO Distribution, Inc. (Trading Companies & Distributors) | (a) | 7.250% | 06/15/2028 | $ 50,000 | $ 56,864 |
Westinghouse Air Brake Technologies Corp. (Machinery) | 3.200% | 06/15/2025 | 100,000 | 107,865 | |
White Cap Buyer LLC (Building Products) | (a) | 6.875% | 10/15/2028 | 50,000 | 53,312 |
Xylem, Inc. (Machinery) | 2.250% | 01/30/2031 | 155,000 | 163,147 | |
10,775,878 | |||||
Information Technology–2.7% | |||||
Apple, Inc. (Tech. Hardware, Storage & Periph.) | 2.500% | 02/09/2022 | 250,000 | 255,685 | |
Apple, Inc. (Tech. Hardware, Storage & Periph.) | 2.900% | 09/12/2027 | 200,000 | 223,595 | |
Apple, Inc. (Tech. Hardware, Storage & Periph.) | 2.400% | 08/20/2050 | 400,000 | 408,534 | |
BBVA U.S.A. (IT Svs.) | 3.875% | 04/10/2025 | 250,000 | 280,295 | |
Black Knight InfoServ LLC (IT Svs.) | (a) | 3.625% | 09/01/2028 | 25,000 | 25,594 |
Broadcom, Inc. (Semiconductors & Equip.) | 4.700% | 04/15/2025 | 360,000 | 412,472 | |
Broadcom, Inc. (Semiconductors & Equip.) | 4.150% | 11/15/2030 | 100,000 | 115,596 | |
BY Crown Parent LLC (Software) | (a) | 7.375% | 10/15/2024 | 50,000 | 50,875 |
BY Crown Parent LLC / BY Bond Finance, Inc. (Software) | (a) | 4.250% | 01/31/2026 | 25,000 | 25,625 |
CDW LLC / CDW Finance Corp. (Electronic Equip., Instr. & Comp.) | 4.250% | 04/01/2028 | 25,000 | 26,394 | |
Cisco Systems, Inc. (Communications Equip.) | 3.625% | 03/04/2024 | 250,000 | 274,823 | |
Dell International LLC / EMC Corp. (Computers & Peripherals) | (a) | 7.125% | 06/15/2024 | 75,000 | 77,784 |
Dell International LLC / EMC Corp. (Computers & Peripherals) | (a) | 5.850% | 07/15/2025 | 350,000 | 420,358 |
Entegris, Inc. (Semiconductors & Equip.) | (a) | 4.625% | 02/10/2026 | 25,000 | 25,938 |
Fair Isaac Corp. (Software) | (a) | 4.000% | 06/15/2028 | 25,000 | 26,313 |
Fidelity National Information Services, Inc. (IT Svs.) | 3.750% | 05/21/2029 | 150,000 | 176,016 | |
Fiserv, Inc. (IT Svs.) | 3.800% | 10/01/2023 | 150,000 | 163,368 | |
Fiserv, Inc. (IT Svs.) | 3.500% | 07/01/2029 | 200,000 | 228,261 | |
Gartner, Inc. (IT Svs.) | (a) | 4.500% | 07/01/2028 | 25,000 | 26,375 |
Go Daddy Operating Co. LLC / GD Finance Co., Inc. (IT Svs.) | (a) | 5.250% | 12/01/2027 | 25,000 | 26,313 |
Lam Research Corp. (Semiconductors & Equip.) | 1.900% | 06/15/2030 | 175,000 | 181,754 | |
Leidos, Inc. (IT Svs.) | (a) | 3.625% | 05/15/2025 | 95,000 | 106,219 |
Leidos, Inc. (IT Svs.) | (a) | 4.375% | 05/15/2030 | 250,000 | 299,362 |
Logan Merger Sub, Inc. (Software) | (a) | 5.500% | 09/01/2027 | 25,000 | 26,188 |
Micron Technology, Inc. (Semiconductors & Equip.) | 2.497% | 04/24/2023 | 200,000 | 208,391 | |
Microsoft Corp. (Software) | 2.375% | 05/01/2023 | 200,000 | 209,009 | |
Microsoft Corp. (Software) | 2.525% | 06/01/2050 | 500,000 | 526,210 | |
NCR Corp. (Tech. Hardware, Storage & Periph.) | (a) | 8.125% | 04/15/2025 | 25,000 | 27,841 |
NCR Corp. (Tech. Hardware, Storage & Periph.) | (a) | 5.000% | 10/01/2028 | 25,000 | 26,375 |
Nuance Communications, Inc. (Software) | 5.625% | 12/15/2026 | 25,000 | 26,453 | |
ON Semiconductor Corp. (Semiconductors & Equip.) | (a) | 3.875% | 09/01/2028 | 25,000 | 25,813 |
Open Text Corp. (Software) | (a) | 3.875% | 02/15/2028 | 25,000 | 25,938 |
Oracle Corp. (Software) | 3.600% | 04/01/2050 | 600,000 | 699,410 | |
PTC, Inc. (Software) | (a) | 4.000% | 02/15/2028 | 25,000 | 26,203 |
Qorvo, Inc. (Semiconductors & Equip.) | 4.375% | 10/15/2029 | 25,000 | 27,505 | |
Qorvo, Inc. (Semiconductors & Equip.) | (a) | 3.375% | 04/01/2031 | 25,000 | 25,813 |
Science Applications International Corp. (IT Svs.) | (a) | 4.875% | 04/01/2028 | 25,000 | 26,500 |
Seagate HDD Cayman (Tech. Hardware, Storage & Periph.) | (a) | 3.125% | 07/15/2029 | 25,000 | 25,003 |
Seagate HDD Cayman (Tech. Hardware, Storage & Periph.) | (a) | 3.375% | 07/15/2031 | 25,000 | 25,135 |
SS&C Technologies, Inc. (Software) | (a) | 5.500% | 09/30/2027 | 50,000 | 53,401 |
Veritas U.S., Inc. / Veritas Bermuda Ltd. (Software) | (a) | 7.500% | 09/01/2025 | 25,000 | 25,656 |
Visa, Inc. (IT Svs.) | 3.150% | 12/14/2025 | 150,000 | 168,241 | |
Visa, Inc. (IT Svs.) | 2.050% | 04/15/2030 | 325,000 | 347,410 | |
6,410,044 | |||||
Materials–1.6% | |||||
Albemarle Corp. (Chemicals) | 4.150% | 12/01/2024 | 125,000 | 138,620 | |
Albemarle Corp. (Chemicals) | 5.450% | 12/01/2044 | 125,000 | 149,468 | |
ARD Finance SA (Containers & Packaging) | (a)(d) | 6.500%, 7.250% PIK | 06/30/2027 | 200,000 | 213,500 |
Ball Corp. (Containers & Packaging) | 2.875% | 08/15/2030 | 25,000 | 24,938 | |
Berry Global, Inc. (Containers & Packaging) | (a) | 4.875% | 07/15/2026 | 50,000 | 53,710 |
Berry Global, Inc. (Containers & Packaging) | (a) | 5.625% | 07/15/2027 | 75,000 | 80,648 |
Carpenter Technology Corp. (Metals & Mining) | 4.450% | 03/01/2023 | 100,000 | 104,717 | |
Clearwater Paper Corp. (Paper & Forest Products) | (a) | 4.750% | 08/15/2028 | 75,000 | 77,625 |
Compass Minerals International, Inc. (Metals & Mining) | (a) | 4.875% | 07/15/2024 | 50,000 | 51,875 |
Compass Minerals International, Inc. (Metals & Mining) | (a) | 6.750% | 12/01/2027 | 25,000 | 27,103 |
Element Solutions, Inc. (Chemicals) | (a) | 3.875% | 09/01/2028 | 25,000 | 25,719 |
Flex Acquisition Co., Inc. (Containers & Packaging) | (a) | 6.875% | 01/15/2025 | 100,000 | 101,500 |
Flex Acquisition Co., Inc. (Containers & Packaging) | (a) | 7.875% | 07/15/2026 | 100,000 | 105,082 |
Freeport-McMoRan, Inc. (Metals & Mining) | 5.000% | 09/01/2027 | 50,000 | 53,125 | |
Freeport-McMoRan, Inc. (Metals & Mining) | 5.400% | 11/14/2034 | 50,000 | 62,562 | |
Graphic Packaging International LLC (Containers & Packaging) | (a) | 3.500% | 03/01/2029 | 75,000 | 76,687 |
HB Fuller Co. (Chemicals) | 4.250% | 10/15/2028 | 25,000 | 25,625 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Materials (continued) | |||||
Hexion, Inc. (Chemicals) | (a) | 7.875% | 07/15/2027 | $ 25,000 | $ 26,750 |
Hudbay Minerals, Inc. (Metals & Mining) | (a) | 7.625% | 01/15/2025 | 50,000 | 51,938 |
Illuminate Buyer LLC / Illuminate Holdings IV, Inc. (Chemicals) | (a) | 9.000% | 07/01/2028 | 25,000 | 27,500 |
Koppers, Inc. (Chemicals) | (a) | 6.000% | 02/15/2025 | 75,000 | 77,250 |
Mauser Packaging Solutions Holding Co. (Containers & Packaging) | (a) | 5.500% | 04/15/2024 | 25,000 | 25,493 |
Mauser Packaging Solutions Holding Co. (Containers & Packaging) | (a) | 7.250% | 04/15/2025 | 50,000 | 50,500 |
Nutrition & Biosciences, Inc. (Chemicals) | (a) | 1.832% | 10/15/2027 | 300,000 | 309,066 |
Owens-Brockway Glass Container, Inc. (Containers & Packaging) | (a) | 5.375% | 01/15/2025 | 50,000 | 53,875 |
Owens-Brockway Glass Container, Inc. (Containers & Packaging) | (a) | 6.625% | 05/13/2027 | 25,000 | 27,063 |
Packaging Corp. of America (Containers & Packaging) | 3.650% | 09/15/2024 | 400,000 | 438,213 | |
PPL Capital Funding, Inc. (Chemicals) | 3.100% | 05/15/2026 | 200,000 | 220,653 | |
PQ Corp. (Chemicals) | (a) | 5.750% | 12/15/2025 | 25,000 | 25,656 |
Reliance Steel & Aluminum Co. (Metals & Mining) | 4.500% | 04/15/2023 | 360,000 | 388,390 | |
Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer S.A. (Containers & Packaging) | (a) | 4.000% | 10/15/2027 | 50,000 | 51,250 |
RPM International, Inc. (Chemicals) | 4.550% | 03/01/2029 | 200,000 | 232,885 | |
Trivium Packaging Finance B.V. (Containers & Packaging) | (a) | 8.500% | 08/15/2027 | 200,000 | 219,000 |
W.R. Grace & Co-Conn (Chemicals) | (a) | 4.875% | 06/15/2027 | 25,000 | 26,513 |
WRKCo, Inc. (Containers & Packaging) | 4.000% | 03/15/2028 | 250,000 | 289,756 | |
3,914,255 | |||||
Real Estate–1.9% | |||||
Alexandria Real Estate Equities, Inc. (Equity REIT) | 3.950% | 01/15/2028 | 200,000 | 232,218 | |
Alexandria Real Estate Equities, Inc. (Equity REIT) | 1.875% | 02/01/2033 | 130,000 | 129,699 | |
American Tower Corp. (Equity REIT) | 2.900% | 01/15/2030 | 200,000 | 217,896 | |
American Tower Corp. (Equity REIT) | 2.100% | 06/15/2030 | 200,000 | 205,160 | |
AvalonBay Communities, Inc. (Equity REIT) | 3.350% | 05/15/2027 | 375,000 | 419,870 | |
Boston Properties LP (Equity REIT) | 3.650% | 02/01/2026 | 200,000 | 227,876 | |
Camden Property Trust (Equity REIT) | 2.800% | 05/15/2030 | 200,000 | 221,992 | |
Crown Castle International Corp. (Equity REIT) | 3.300% | 07/01/2030 | 150,000 | 167,802 | |
Crown Castle International Corp. (Equity REIT) | 2.250% | 01/15/2031 | 105,000 | 108,851 | |
Cushman & Wakefield U.S. Borrower LLC (Real Estate Mgmt. & Development) | (a) | 6.750% | 05/15/2028 | 25,000 | 27,562 |
Healthcare Trust of America Holdings LP (Equity REIT) | 2.000% | 03/15/2031 | 225,000 | 224,864 | |
Kimco Realty Corp. (Equity REIT) | 2.700% | 10/01/2030 | 250,000 | 269,168 | |
Mid-America Apartments LP (Equity REIT) | 4.000% | 11/15/2025 | 375,000 | 424,472 | |
Prologis LP (Equity REIT) | 2.250% | 04/15/2030 | 360,000 | 385,553 | |
Regency Centers LP (Equity REIT) | 2.950% | 09/15/2029 | 350,000 | 373,910 | |
UDR, Inc. (Equity REIT) | 3.500% | 01/15/2028 | 375,000 | 420,431 | |
VICI Properties LP / VICI Note Co., Inc. (Equity REIT) | (a) | 4.250% | 12/01/2026 | 50,000 | 51,857 |
Welltower, Inc. (Equity REIT) | 4.250% | 04/01/2026 | 175,000 | 203,716 | |
WP Carey, Inc. (Equity REIT) | 3.850% | 07/15/2029 | 175,000 | 200,933 | |
WP Carey, Inc. (Equity REIT) | 2.400% | 02/01/2031 | 120,000 | 124,553 | |
4,638,383 | |||||
Utilities–2.5% | |||||
American Electric Power Co., Inc. (Electric Utilities) | 3.200% | 11/13/2027 | 375,000 | 419,848 | |
AmeriGas Partners LP / AmeriGas Finance Corp. (Gas Utilities) | 5.500% | 05/20/2025 | 25,000 | 27,688 | |
AmeriGas Partners LP / AmeriGas Finance Corp. (Gas Utilities) | 5.750% | 05/20/2027 | 25,000 | 28,442 | |
Avangrid, Inc. (Electric Utilities) | 3.800% | 06/01/2029 | 275,000 | 315,248 | |
Berkshire Hathaway Energy Co. (Multi-Utilities) | (a) | 4.050% | 04/15/2025 | 250,000 | 283,014 |
Black Hills Corp. (Multi-Utilities) | 2.500% | 06/15/2030 | 120,000 | 125,964 | |
Calpine Corp. (Ind. Power & Renewable Elec.) | (a) | 5.250% | 06/01/2026 | 50,000 | 51,725 |
Calpine Corp. (Ind. Power & Renewable Elec.) | (a) | 5.000% | 02/01/2031 | 25,000 | 26,125 |
Calpine Corp. (Ind. Power & Renewable Elec.) | (a) | 3.750% | 03/01/2031 | 25,000 | 24,758 |
Dominion Energy, Inc. (Multi-Utilities) | 3.375% | 04/01/2030 | 250,000 | 284,625 | |
DPL, Inc. (Electric Utilities) | (a) | 4.125% | 07/01/2025 | 25,000 | 26,989 |
Duke Energy Corp. (Electric Utilities) | 3.400% | 06/15/2029 | 550,000 | 624,103 | |
Duke Energy Corp. (Electric Utilities) | 4.200% | 06/15/2049 | 250,000 | 316,046 | |
Eastern Energy Gas Holdings LLC (Multi-Utilities) | 3.900% | 11/15/2049 | 150,000 | 175,775 | |
Emera U.S. Finance LP (Electric Utilities) | 3.550% | 06/15/2026 | 200,000 | 224,719 | |
Emera U.S. Finance LP (Electric Utilities) | 4.750% | 06/15/2046 | 200,000 | 255,366 | |
Eversource Energy (Electric Utilities) | 3.350% | 03/15/2026 | 220,000 | 244,983 | |
Exelon Corp. (Electric Utilities) | 4.050% | 04/15/2030 | 400,000 | 473,071 | |
FirstEnergy Corp. (Electric Utilities) | 2.650% | 03/01/2030 | 250,000 | 250,661 | |
National Fuel Gas Co. (Gas Utilities) | 5.500% | 01/15/2026 | 250,000 | 288,299 | |
NextEra Energy Capital Holdings, Inc. (Electric Utilities) | 3.550% | 05/01/2027 | 200,000 | 227,636 | |
NextEra Energy Capital Holdings, Inc. (Electric Utilities) | 2.250% | 06/01/2030 | 200,000 | 209,568 | |
NRG Energy, Inc. (Electric Utilities) | 5.750% | 01/15/2028 | 50,000 | 54,625 | |
NRG Energy, Inc. (Electric Utilities) | (a) | 3.625% | 02/15/2031 | 25,000 | 25,720 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Utilities (continued) | |||||
Pattern Energy Operations LP / Pattern Energy Operations, Inc. (Ind. Power & Renewable Elec.) | (a) | 4.500% | 08/15/2028 | $ 25,000 | $ 26,375 |
Sempra Energy (Multi-Utilities) | 3.400% | 02/01/2028 | 400,000 | 455,904 | |
Southern Co. / The (Rate is fixed until 01/15/2026, at which point, the rate becomes H15T5Y + 373) (Electric Utilities) | (b) | 4.000% | 01/15/2051 | 350,000 | 370,676 |
Suburban Propane Partners LP / Suburban Energy Finance Corp. (Gas Utilities) | 5.750% | 03/01/2025 | 50,000 | 51,000 | |
Suburban Propane Partners LP / Suburban Energy Finance Corp. (Gas Utilities) | 5.875% | 03/01/2027 | 25,000 | 26,125 | |
TerraForm Power Operating LLC (Ind. Power & Renewable Elec.) | (a) | 5.000% | 01/31/2028 | 75,000 | 84,274 |
Vistra Operations Co. LLC (Ind. Power & Renewable Elec.) | (a) | 5.500% | 09/01/2026 | 50,000 | 52,110 |
6,051,462 | |||||
Total Corporate Bonds (Cost $97,612,692) | $103,798,632 |
U.S. Treasury Obligations–18.8% | Rate | Maturity | Face Amount | Value | |
U.S. Treasury Note | 0.125% | 04/30/2022 | $11,050,000 | $ 11,052,590 | |
U.S. Treasury Note | 0.125% | 06/30/2022 | 2,400,000 | 2,400,281 | |
U.S. Treasury Note | 0.250% | 04/15/2023 | 5,500,000 | 5,513,105 | |
U.S. Treasury Note | 0.375% | 04/30/2025 | 10,500,000 | 10,536,504 | |
U.S. Treasury Note | (e) | 0.500% | 04/30/2027 | 3,200,000 | 3,190,875 |
U.S. Treasury Note | 1.500% | 02/15/2030 | 2,000,000 | 2,114,609 | |
U.S. Treasury Note | 2.000% | 02/15/2050 | 4,750,000 | 5,147,998 | |
United States Treasury Inflation Indexed Bond | 0.125% | 04/15/2025 | 1,512,105 | 1,626,407 | |
United States Treasury Inflation Indexed Bond | 0.125% | 07/15/2030 | 1,523,355 | 1,708,042 | |
United States Treasury Inflation Indexed Bond | 0.250% | 02/15/2050 | 1,519,185 | 1,808,100 | |
Total U.S. Treasury Obligations (Cost $45,475,901) | $ 45,098,511 |
U.S. Government Agency Mortgage-Backed Securities–15.3% | Rate | Maturity | Face Amount | Value | |
Fannie Mae Pool FN BP1938 | 2.500% | 04/01/2050 | $ 2,321,147 | $ 2,448,599 | |
Fannie Mae Pool FN BP2797 | 2.500% | 05/01/2050 | 2,347,952 | 2,476,876 | |
Fannie Mae Pool FN CA4819 | 4.000% | 12/01/2049 | 2,028,013 | 2,224,081 | |
Fannie Mae Pool FN CA5348 | 3.500% | 03/01/2050 | 3,652,839 | 3,944,037 | |
Fannie Mae Pool FN CA5549 | 3.000% | 04/01/2050 | 3,687,467 | 3,908,823 | |
Fannie Mae Pool FN CA7231 | 2.500% | 10/01/2050 | 987,838 | 1,045,001 | |
Fannie Mae Pool FN CA8118 | 2.000% | 12/01/2050 | 2,248,130 | 2,337,062 | |
Fannie Mae Pool FN FM2778 | 3.000% | 03/01/2050 | 3,848,356 | 4,111,003 | |
Fannie Mae Pool FN FM3734 | 3.500% | 09/01/2049 | 1,963,272 | 2,130,027 | |
Fannie Mae Pool FN MA4095 | 2.000% | 08/01/2035 | 2,838,914 | 2,967,332 | |
Freddie Mac Pool FR SD0451 | 3.000% | 10/01/2050 | 2,749,117 | 2,936,437 | |
Freddie Mac Pool FR SD7505 | 4.500% | 08/01/2049 | 1,580,474 | 1,753,775 | |
Freddie Mac Pool FR SD7514 | 3.500% | 04/01/2050 | 2,938,367 | 3,159,912 | |
Freddie Mac Pool FR ZT1257 | 3.000% | 01/01/2046 | 1,069,227 | 1,166,623 | |
Total U.S. Government Agency Mortgage-Backed Securities (Cost $36,437,532) | $ 36,609,588 |
Investment Companies–8.8% | Shares | Value | |
Federated Hermes Core Trust - Emerging Markets Core Fund (Acquired 05/01/2020 through 12/02/2020, Cost $7,884,522) | (f)(g) | 833,265 | $ 8,724,287 |
Federated Hermes Core Trust - Federated Bank Loan Core Fund (Acquired 05/01/2020 through 12/03/2020, Cost $5,400,000) | (f)(g) | 589,439 | 5,646,829 |
Federated Hermes Core Trust III - Federated Project and Trade Finance Core Fund (Acquired 05/01/2020 through 09/08/2020, Cost $6,750,000) | (g)(h) | 777,172 | 6,862,429 |
Total Investment Companies (Cost $20,034,522) | $ 21,233,545 |
Asset-Backed / Mortgage-Backed Securities–5.8% | Rate | Maturity | Face Amount | Value | |
Financials–5.8% | |||||
AmeriCredit Automobile Receivables Trust 2020-2 D | 2.130% | 03/18/2026 | $ 180,000 | $ 185,509 | |
AmeriCredit Automobile Receivables Trust 2020-3 D | 1.490% | 09/18/2026 | 175,000 | 175,603 | |
Benchmark 2020-B19 A5 | 1.850% | 09/15/2053 | 1,150,000 | 1,179,521 | |
Chesapeake Funding II LLC 2020-1A D | (a) | 2.830% | 08/16/2032 | 150,000 | 152,285 |
CNH Equipment Trust 2020-A A3 | 1.160% | 06/16/2025 | 260,000 | 263,569 | |
Ford Credit Auto Lease Trust 2020-B C | 1.700% | 02/15/2025 | 335,000 | 339,088 | |
Ford Credit Auto Owner Trust 2020-B B | 1.190% | 01/15/2026 | 500,000 | 509,121 | |
Ford Credit Floorplan Master Owner Trust A 2020-1 D | 2.120% | 09/15/2025 | 395,000 | 397,599 | |
Freddie Mac Multifamily Structured Pass Through Certificates K108 A2 | 1.517% | 03/25/2030 | 400,000 | 412,506 | |
Freddie Mac Multifamily Structured Pass Through Certificates K109 A2 | 1.558% | 04/25/2030 | 400,000 | 415,165 | |
GM Financial Automobile Leasing Trust 2020-2 C | 2.560% | 07/22/2024 | 375,000 | 387,783 | |
GM Financial Consumer Automobile Receivables Trust 2020-3 C | 1.370% | 01/16/2026 | 180,000 | 182,397 | |
GM Financial Consumer Automobile Receivables Trust 2020-3 D | 1.910% | 09/16/2027 | 400,000 | 406,003 | |
GMF Floorplan Owner Revolving Trust 2020-1 C | (a) | 1.480% | 08/15/2025 | 100,000 | 100,351 |
HPEFS Equipment Trust 2020-2A C | (a) | 2.000% | 07/22/2030 | 525,000 | 533,463 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Asset-Backed / Mortgage-Backed Securities (Continued) | Rate | Maturity | Face Amount | Value | |
Financials (continued) | |||||
HPEFS Equipment Trust 2020-2A D | (a) | 2.790% | 07/22/2030 | $ 750,000 | $ 767,131 |
Hyundai Auto Receivables Trust 2020-B C | 1.600% | 12/15/2026 | 150,000 | 153,716 | |
MMAF Equipment Finance LLC 2020-A A5 | (a) | 1.560% | 10/09/2042 | 750,000 | 767,530 |
Navient Private Education Refi Loan Trust 2020-FA A | (a) | 1.220% | 07/15/2069 | 413,321 | 417,370 |
Navistar Financial Dealer Note Master Trust 2020-1 D | (a) | ML + 290 | 07/25/2025 | 275,000 | 277,317 |
PFS Financing Corp. 2020-E A | (a) | 1.000% | 10/15/2025 | 625,000 | 629,479 |
PFS Financing Corp. 2020-G B | (a) | 1.570% | 02/15/2026 | 310,000 | 312,117 |
Santander Consumer Auto Receivables Trust 2020-BA D | (a) | 2.140% | 12/15/2026 | 200,000 | 203,112 |
Santander Drive Auto Receivables Trust 2020-2 D | 2.220% | 09/15/2026 | 450,000 | 462,673 | |
Santander Drive Auto Receivables Trust 2020-3 D | 1.640% | 11/16/2026 | 750,000 | 761,060 | |
Sierra Timeshare 2020-2A A | (a) | 1.330% | 07/20/2037 | 590,837 | 593,591 |
SMB Private Education Loan Trust 2020-B A1A | (a) | 1.290% | 07/15/2053 | 775,045 | 777,691 |
Tesla Auto Lease Trust 2020-A C | (a) | 1.680% | 02/20/2024 | 330,000 | 334,676 |
Tesla Auto Lease Trust 2020-A D | (a) | 2.330% | 02/20/2024 | 100,000 | 102,399 |
Toyota Auto Loan Extended Note Trust 2020-1A A | (a) | 1.350% | 05/25/2033 | 700,000 | 720,791 |
World Omni Auto Receivables Trust 2020-B B | 1.220% | 03/16/2026 | 750,000 | 761,796 | |
World Omni Select Auto Trust 2020-A D | 1.700% | 10/15/2026 | 250,000 | 251,577 | |
Total Asset-Backed / Mortgage-Backed Securities (Cost $13,749,920) | $ 13,933,989 |
Sovereign Issues–0.7% | Rate | Maturity | Face Amount | Value | |
Colombia Government International Bond | 4.500% | 03/15/2029 | $ 375,000 | $ 433,594 | |
Colombia Government International Bond | 3.000% | 01/30/2030 | 250,000 | 262,002 | |
Mexico Government International Bond | 3.750% | 01/11/2028 | 350,000 | 393,246 | |
Mexico Government International Bond | 4.500% | 01/31/2050 | 400,000 | 468,500 | |
Republic of Poland Government International Bond | 4.000% | 01/22/2024 | 200,000 | 221,475 | |
Total Sovereign Issues (Cost $1,635,985) | $ 1,778,817 |
Money Market Funds–1.2% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.097% | (i) | 2,894,056 | $ 2,894,634 |
Total Money Market Funds (Cost $2,894,634) | $ 2,894,634 | ||
Total Investments – 93.9% (Cost $217,841,186) | (j) | $225,347,716 | |
Other Assets in Excess of Liabilities – 6.1% | 14,523,685 | ||
Net Assets – 100.0% | $239,871,401 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2020 |
Percentages are stated as a percent of net assets. |
Abbreviations: | ||
H15T5Y: | U.S. Treasury Yield Curve Rate T-Note Constant Maturity 5 Year, 0.360% at 12/31/2020 | |
ML: | Monthly U.S. LIBOR Rate, 0.144% at 12/31/2020 | |
PIK: | Payment-in-Kind | |
QL: | Quarterly U.S. LIBOR Rate, 0.238% at 12/31/2020 | |
SOFR: | Secured Overnight Financing Rate, 0.070% at 12/31/2020 |
Footnotes: | ||
(a) | Security exempt from registration under Regulation D of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified buyers under Rule 144A. At December 31, 2020, the value of these securities totaled $27,691,076, or 11.5% of the Portfolio’s net assets. | |
(b) | Security is a fixed-then-variable rate instrument in which the coupon or dividend rate is fixed until a later specified date, then is adjusted periodically. Rates stated, including interest rate caps and floors, if any, are those in effect at December 31, 2020. | |
(c) | Represents a security that is in default and deemed to be non-income producing. | |
(d) | Issuer of the security has the option to make coupon payments in cash or in additional par value of this bond (Payment-in-Kind). | |
(e) | Security is partially pledged as collateral for the futures contracts outstanding at December 31, 2020. The market value pledged totaled $169,507. See also the following Schedule of Open Futures Contracts. | |
(f) | Shares of this fund have not been registered and are issued in reliance on Section 4(a)(2) and Regulation D of the Securities Act of 1933. Investments in this fund may only be made by investment companies, insurance company separate accounts, common or commingled trust funds or similar organizations or entities that are “accredited investors” within the meaning of Regulation D of the 1933 Act. | |
(g) | Represents a security deemed to be restricted. At December 31, 2020, the value of restricted securities in the Portfolio totaled $21,233,545, or 8.8% of the Portfolio’s net assets. In order to satisfy certain registration rights granted pursuant to the subscription agreement, the PIPE shares have been submitted for registration to the SEC under form S-1, as amended | |
(h) | Open-end extended payment fund. Beneficial interests in this fund are issued solely in private placement transactions which do not involve any “public offering” within the meaning of Section 4(a)(2) and Regulation D of the Securities Act of 1933. Investments in this fund may only be made by organizations or entities that are “accredited investors” within the meaning of Regulation D of the 1933 Act and that are also “qualified purchasers” as defined in Section 2(a)(51) of the Investment Company Act of 1940, as amended (“Eligible Investors”). This fund has adopted policies to limit the transfer of its shares, which may occur only pursuant to authorization by this fund's Board of Directors, and only to Eligible Investors.When a redeeming shareholder of this fund presents shares to the fund's transfer agent in proper order for redemption, the fund will have up to 31 days to make payment to the redeeming shareholder. The price of redeemed shares will be determined as of the closing net asset value of the fund 24 days after receipt of a shareholder redemption request or, if such date is a weekend or holiday, on the preceding business day. The fund's NAV is calculated each day the NYSE is open. | |
(i) | Rate represents the seven-day yield at December 31, 2020. | |
(j) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 8 of the Notes to Financial Statements. |
Schedule of Open Futures Contracts | December 31, 2020 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
CBT 10-Year U.S. Treasury Note - Short | (24) | March 22, 2021 | $(3,310,939) | $(3,313,875) | $ (2,936) | $ (2,625) | ||||||
CBT U.S. Ultra Bond - Short | (10) | March 22, 2021 | (2,177,087) | (2,135,625) | 41,462 | (7,500) | ||||||
CBT 10-Year U.S. Ultra Bond - Short | (4) | March 22, 2021 | (629,204) | (625,438) | 3,766 | (875) | ||||||
CBT 2-Year U.S. Treasury Note - Long | 19 | March 31, 2021 | 4,194,883 | 4,198,525 | 3,642 | 446 | ||||||
CBT 5-Year U.S. Treasury Note - Short | (19) | March 31, 2021 | (2,391,352) | (2,397,088) | (5,736) | (891) | ||||||
$(4,313,699) | $(4,273,501) | $40,198 | $(11,445) |
Ohio National Fund, Inc. | ON Moderately Conservative Model Portfolio (Unaudited) |
Average Annual returns | |
One year | 11.43% |
Since inception (3/1/17) | 7.31% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2020. |
Ohio National Fund, Inc. | ON Moderately Conservative Model Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2020 | |
% of Net Assets | |
Open-End Mutual Funds Less Net Liabilities | 100.0 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2020 | ||
% of Net Assets | ||
1. | Western Asset Core Plus Bond IS | 13.1 |
2. | PIMCO Total Return Institutional | 13.0 |
3. | ON S&P 500® Index Portfolio | 13.0 |
4. | ON Federated Core Plus Bond Portfolio | 10.0 |
5. | PIMCO Low Duration Institutional | 8.0 |
6. | ON Bond Portfolio | 7.0 |
7. | ON BlackRock Advantage Large Cap Value Portfolio | 5.0 |
8. | ON Federated High Income Bond Portfolio | 5.0 |
9. | ON S&P MidCap 400® Index Portfolio | 5.0 |
10. | ON BlackRock Advantage International Equity Portfolio | 4.5 |
Ohio National Fund, Inc. | ON Moderately Conservative Model Portfolio |
Schedule of Investments in Unaffiliated Issuers | December 31, 2020 |
Open-End Mutual Funds–42.6% | Shares | Value | |
DFA Emerging Markets Portfolio Institutional | 139,359 | $ 4,551,454 | |
DFA International Core Equity Portfolio Institutional | 624,771 | 9,102,908 | |
PIMCO Low Duration Institutional | 2,442,166 | 24,299,551 | |
PIMCO Real Return Institutional | 742,230 | 9,107,158 | |
PIMCO Total Return Institutional | 3,728,857 | 39,525,888 | |
Vanguard International Growth Fund Admiral Class | 18,930 | 3,034,303 | |
Western Asset Core Plus Bond IS | 3,147,994 | 39,538,810 | |
Total Open-End Mutual Funds | $129,160,072 | ||
Total Investments in Securities of Unaffiliated Issuers – 42.6% (Cost $120,765,745) | $129,160,072 | ||
Total Investments in Affiliates – 57.4% (Cost $149,000,635) (see schedule below) | 174,472,401 | ||
Liabilities in Excess of Other Assets – 0.0% | (150,626) | ||
Net Assets – 100.0% | $303,481,847 |
Percentages are stated as a percent of net assets. |
Schedule of Investments in Affiliates | December 31, 2020 |
Affiliate | Value at January 1, 2020 | Cost of Purchases | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Income Distributions | Capital Gain Distributions | Shares at December 31, 2020 | Value at December 31, 2020 | |||||
Open-End Mutual Funds – 57.4% | ||||||||||||||
Fidelity Advisor® Real Estate I | (a) | $ 2,230,299 | $ 1,458,785 | $ 463,635 | $ (51,311) | $ (139,835) | $ 40,484 | $ 71,057 | 153,636 | $ 3,034,303 | ||||
ON BlackRock Advantage International Equity Portfolio | (a) | 10,036,345 | 4,681,050 | 2,126,268 | (124,297) | 949,701 | 56,575 | — | 829,044 | 13,654,362 | ||||
ON BlackRock Advantage Large Cap Core Portfolio | (a) | 4,460,598 | 2,075,359 | 1,244,240 | 51,845 | 725,043 | 7,915 | — | 156,974 | 6,068,605 | ||||
ON BlackRock Advantage Large Cap Value Portfolio | (a) | 11,151,494 | 5,254,464 | 2,060,035 | 47,133 | 453,816 | 100,776 | 67,737 | 793,074 | 15,171,513 | ||||
ON Bond Portfolio | (a) | 15,612,092 | 7,878,895 | 4,429,881 | 563,971 | 770,671 | 102,243 | — | 1,021,651 | 21,240,118 | ||||
ON Federated Core Plus Bond Portfolio | (a) | — | 31,016,954 | 2,049,956 | 61,538 | 962,706 | — | — | 2,898,092 | 30,343,026 | ||||
ON Federated High Income Bond Portfolio | (a) | 13,381,793 | 5,520,035 | 4,637,731 | 301,877 | 32,017 | 163,636 | — | 700,763 | 15,171,513 | ||||
ON Janus Henderson Enterprise Portfolio | (a) | 2,230,299 | 1,123,131 | 751,944 | 69,617 | 363,200 | 1,747 | 29,377 | 53,252 | 3,034,303 | ||||
ON Janus Henderson Forty Portfolio | (a) | 2,230,299 | 1,037,877 | 921,254 | 179,939 | 507,442 | — | 47,753 | 86,374 | 3,034,303 | ||||
ON Janus Henderson Venture Portfolio | (a) | 2,230,299 | 1,145,664 | 1,253,591 | 30,134 | 689,427 | 2,661 | 40,545 | 68,156 | 3,034,303 | ||||
ON Nasdaq-100® Index Portfolio | (a) | 4,460,598 | 2,098,414 | 2,092,007 | 375,107 | 1,226,493 | 6,467 | 186,747 | 216,118 | 6,068,605 | ||||
ON S&P 500® Index Portfolio | (a) | 28,993,885 | 12,065,434 | 8,113,061 | 710,042 | 4,084,634 | 105,691 | 291,912 | 1,018,748 | 39,445,934 | ||||
ON S&P MidCap 400® Index Portfolio | (a) | 11,151,494 | 5,453,038 | 3,622,038 | 44,555 | 1,764,210 | 16,911 | 39,652 | 699,148 | 15,171,513 | ||||
Total Open-End Mutual Funds | $2,260,150 | $12,389,525 | $605,106 | $774,780 | $174,472,401 |
Percentages are stated as a percent of net assets. |
Footnotes: | ||
(a) | Pursuant to Section 2(a)(3) of the Investment Company Act of 1940, the investment meets the definition of “affiliated person”, as the Portfolio directly or indirectly owns, controls, or holds with power to vote 5 percent or more of the outstanding voting securities of the holding at December 31, 2020. |
Ohio National Fund, Inc. | ON Balanced Model Portfolio (Unaudited) |
Average Annual returns | |
One year | 13.76% |
Since inception (3/1/17) | 8.24% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2020. |
Ohio National Fund, Inc. | ON Balanced Model Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2020 | |
% of Net Assets | |
Open-End Mutual Funds Less Net Liabilities | 100.0 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2020 | ||
% of Net Assets | ||
1. | ON S&P 500® Index Portfolio | 14.0 |
2. | Western Asset Core Plus Bond IS | 9.0 |
3. | ON S&P MidCap 400® Index Portfolio | 9.0 |
4. | PIMCO Total Return Institutional | 8.0 |
5. | ON BlackRock Advantage International Equity Portfolio | 8.0 |
6. | ON Federated Core Plus Bond Portfolio | 8.0 |
7. | PIMCO Low Duration Institutional | 6.0 |
8. | ON BlackRock Advantage Large Cap Value Portfolio | 6.0 |
9. | ON Bond Portfolio | 5.0 |
10. | DFA Emerging Markets Portfolio Institutional | 4.0 |
Ohio National Fund, Inc. | ON Balanced Model Portfolio |
Schedule of Investments in Unaffiliated Issuers | December 31, 2020 |
Open-End Mutual Funds–34.0% | Shares | Value | |
DFA Emerging Markets Portfolio Institutional | 1,381,136 | $ 45,107,914 | |
DFA International Core Equity Portfolio Institutional | 3,095,945 | 45,107,914 | |
PIMCO Low Duration Institutional | 6,806,712 | 67,726,783 | |
PIMCO Total Return Institutional | 8,527,025 | 90,386,464 | |
Vanguard International Growth Fund Admiral Class | 211,061 | 33,830,935 | |
Western Asset Core Plus Bond IS | 8,098,654 | 101,719,102 | |
Total Open-End Mutual Funds | $ 383,879,112 | ||
Total Investments in Securities of Unaffiliated Issuers – 34.0% (Cost $346,521,744) | $ 383,879,112 | ||
Total Investments in Affiliates – 66.0% (Cost $611,098,765) (see schedule below) | 744,280,577 | ||
Liabilities in Excess of Other Assets – 0.0% | (334,298) | ||
Net Assets – 100.0% | $1,127,825,391 |
Percentages are stated as a percent of net assets. |
Schedule of Investments in Affiliates | December 31, 2020 |
Affiliate | Value at January 1, 2020 | Cost of Purchases | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Income Distributions | Capital Gain Distributions | Shares at December 31, 2020 | Value at December 31, 2020 | |||||
Open-End Mutual Funds – 66.0% | ||||||||||||||
Fidelity Advisor® Real Estate I | (a) | $ 11,089,585 | $ 2,173,598 | $ 1,074,711 | $ (51,348) | $ (860,146) | $ 162,407 | $ 256,992 | 570,986 | $ 11,276,978 | ||||
ON BlackRock Advantage International Equity Portfolio | (a) | 83,171,885 | 12,362,860 | 12,616,560 | (107,236) | 7,404,879 | 498,012 | — | 5,477,585 | 90,215,828 | ||||
ON BlackRock Advantage Large Cap Core Portfolio | (a) | 22,179,169 | 1,134,637 | 4,318,393 | 377,735 | 3,180,809 | 38,967 | — | 583,393 | 22,553,957 | ||||
ON BlackRock Advantage Large Cap Growth Portfolio | (a) | 22,179,169 | 825,503 | 6,452,315 | 925,770 | 5,075,830 | 39,516 | 265,470 | 620,296 | 22,553,957 | ||||
ON BlackRock Advantage Large Cap Value Portfolio | (a) | 66,537,508 | 8,705,863 | 10,053,769 | 666,976 | 1,805,293 | 596,787 | 401,134 | 3,536,951 | 67,661,871 | ||||
ON BlackRock Advantage Small Cap Growth Portfolio | (a) | 22,179,169 | 2,897,487 | 9,316,243 | 1,834,561 | 4,958,983 | — | 261,794 | 540,992 | 22,553,957 | ||||
ON Bond Portfolio | (a) | 55,447,923 | 5,543,492 | 8,980,508 | 814,728 | 3,559,257 | 361,532 | — | 2,712,116 | 56,384,892 | ||||
ON Federated Core Plus Bond Portfolio | (a) | — | 88,589,424 | 2,106,302 | 42,670 | 3,690,036 | — | — | 8,616,602 | 90,215,828 | ||||
ON Federated High Income Bond Portfolio | (a) | 44,358,339 | 1,637,972 | 12,589,353 | 455,719 | (31,742) | 486,156 | — | 1,562,630 | 33,830,935 | ||||
ON Janus Henderson Enterprise Portfolio | (a) | 11,089,585 | 1,366,019 | 3,163,603 | 416,254 | 1,568,723 | 8,613 | 144,805 | 197,911 | 11,276,978 | ||||
ON Janus Henderson Forty Portfolio | (a) | 22,179,169 | 854,816 | 6,899,393 | 1,521,729 | 4,897,636 | — | 469,693 | 642,014 | 22,553,957 | ||||
ON Janus Henderson Venture Portfolio | (a) | — | 10,002,918 | 3,468,720 | 829,634 | 3,913,146 | 13,157 | 200,459 | 253,301 | 11,276,978 | ||||
ON Nasdaq-100® Index Portfolio | (a) | 22,179,169 | 1,274,630 | 8,387,200 | 1,599,655 | 5,887,703 | 31,642 | 913,739 | 803,204 | 22,553,957 | ||||
ON S&P 500® Index Portfolio | (a) | 155,254,185 | 9,865,938 | 30,859,920 | 5,977,671 | 17,639,824 | 560,493 | 1,548,048 | 4,077,420 | 157,877,698 | ||||
ON S&P MidCap 400® Index Portfolio | (a) | 110,895,847 | 15,831,469 | 37,596,573 | (2,534,289) | 14,896,352 | 150,146 | 352,067 | 4,677,088 | 101,492,806 | ||||
Total Open-End Mutual Funds | $12,770,229 | $77,586,583 | $2,947,428 | $4,814,201 | $744,280,577 |
Percentages are stated as a percent of net assets. |
Footnotes: | ||
(a) | Pursuant to Section 2(a)(3) of the Investment Company Act of 1940, the investment meets the definition of “affiliated person”, as the Portfolio directly or indirectly owns, controls, or holds with power to vote 5 percent or more of the outstanding voting securities of the holding at December 31, 2020. |
Ohio National Fund, Inc. | ON Moderate Growth Model Portfolio (Unaudited) |
Average Annual returns | |
One year | 15.74% |
Since inception (3/1/17) | 9.62% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2020. |
Ohio National Fund, Inc. | ON Moderate Growth Model Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2020 | |
% of Net Assets | |
Open-End Mutual Funds Less Net Liabilities | 100.0 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2020 | ||
% of Net Assets | ||
1. | ON S&P 500® Index Portfolio | 17.0 |
2. | ON S&P MidCap 400® Index Portfolio | 10.0 |
3. | ON BlackRock Advantage International Equity Portfolio | 9.0 |
4. | Western Asset Core Plus Bond IS | 7.0 |
5. | ON BlackRock Advantage Large Cap Value Portfolio | 7.0 |
6. | DFA International Core Equity Portfolio Institutional | 6.0 |
7. | ON Federated Core Plus Bond Portfolio | 6.0 |
8. | DFA Emerging Markets Portfolio Institutional | 4.0 |
9. | ON BlackRock Advantage Large Cap Core Portfolio | 4.0 |
10. | Vanguard International Growth Fund Admiral Class | 4.0 |
Ohio National Fund, Inc. | ON Moderate Growth Model Portfolio |
Schedule of Investments in Unaffiliated Issuers | December 31, 2020 |
Open-End Mutual Funds–23.5% | Shares | Value | |
DFA Emerging Markets Portfolio Institutional | 2,434,567 | $ 79,512,965 | |
DFA International Core Equity Portfolio Institutional | 8,185,961 | 119,269,448 | |
PIMCO Low Duration Institutional | 2,999,528 | 29,845,307 | |
PIMCO Total Return Institutional | 1,878,771 | 19,914,973 | |
Vanguard International Growth Fund Admiral Class | 496,057 | 79,512,965 | |
Western Asset Core Plus Bond IS | 11,102,791 | 139,451,053 | |
Total Open-End Mutual Funds | $ 467,506,711 | ||
Total Investments in Securities of Unaffiliated Issuers – 23.5% (Cost $406,816,886) | $ 467,506,711 | ||
Total Investments in Affiliates – 76.5% (Cost $1,220,418,126) (see schedule below) | 1,520,685,460 | ||
Liabilities in Excess of Other Assets – 0.0% | (781,693) | ||
Net Assets – 100.0% | $1,987,410,478 |
Percentages are stated as a percent of net assets. |
Schedule of Investments in Affiliates | December 31, 2020 |
Affiliate | Value at January 1, 2020 | Cost of Purchases | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Income Distributions | Capital Gain Distributions | Shares at December 31, 2020 | Value at December 31, 2020 | |||||
Open-End Mutual Funds – 76.5% | ||||||||||||||
Fidelity Advisor® Real Estate I | (a) | $ 19,613,949 | $ 3,844,946 | $ 1,929,219 | $ (117,257) | $ (1,534,178) | $ 280,064 | $ 442,940 | 1,006,493 | $ 19,878,241 | ||||
ON BlackRock Advantage International Equity Portfolio | (a) | 196,139,490 | 8,238,062 | 32,573,192 | (3,241,705) | 10,341,517 | 969,858 | — | 10,862,427 | 178,904,172 | ||||
ON BlackRock Advantage Large Cap Core Portfolio | (a) | 78,455,796 | 138,850 | 10,920,076 | 2,449,471 | 9,388,924 | 135,357 | — | 2,056,724 | 79,512,965 | ||||
ON BlackRock Advantage Large Cap Growth Portfolio | (a) | 58,841,847 | 928,694 | 15,342,858 | 4,705,976 | 10,501,065 | 102,948 | 691,615 | 1,640,119 | 59,634,724 | ||||
ON BlackRock Advantage Large Cap Value Portfolio | (a) | 137,297,643 | 11,103,932 | 13,319,144 | 788,721 | 3,276,537 | 1,209,273 | 812,820 | 7,273,795 | 139,147,689 | ||||
ON BlackRock Advantage Small Cap Growth Portfolio | (a) | 58,841,847 | 5,022,514 | 21,290,649 | 3,858,908 | 13,202,104 | — | 681,412 | 1,430,432 | 59,634,724 | ||||
ON Bond Portfolio | (a) | 68,648,821 | 10,555,113 | 14,821,607 | 1,249,315 | 3,942,203 | 437,108 | — | 3,346,505 | 69,573,845 | ||||
ON Federated Core Plus Bond Portfolio | (a) | — | 118,215,246 | 3,745,775 | 77,504 | 4,722,473 | — | — | 11,391,542 | 119,269,448 | ||||
ON Federated High Income Bond Portfolio | (a) | 39,227,898 | 4,741,257 | 5,724,654 | 294,356 | 1,217,626 | 560,323 | — | 1,836,327 | 39,756,483 | ||||
ON Janus Henderson Enterprise Portfolio | (a) | 19,613,949 | 1,445,229 | 4,457,617 | 589,924 | 2,686,756 | 14,959 | 251,502 | 348,864 | 19,878,241 | ||||
ON Janus Henderson Forty Portfolio | (a) | 78,455,796 | 1,741,116 | 22,371,926 | 3,781,542 | 17,906,437 | — | 1,631,559 | 2,263,392 | 79,512,965 | ||||
ON Janus Henderson Venture Portfolio | (a) | 43,150,688 | 3,140,975 | 16,755,725 | 2,687,738 | 7,532,807 | 45,623 | 695,092 | 893,003 | 39,756,483 | ||||
ON Nasdaq-100® Index Portfolio | (a) | 78,455,796 | 3,473,488 | 27,755,241 | 4,594,265 | 20,744,657 | 109,915 | 3,174,024 | 2,831,658 | 79,512,965 | ||||
ON S&P 500® Index Portfolio | (a) | 333,437,132 | 4,548,166 | 47,548,928 | 9,491,073 | 38,002,659 | 1,182,086 | 3,264,852 | 8,727,534 | 337,930,102 | ||||
ON S&P MidCap 400® Index Portfolio | (a) | 215,753,439 | 19,609,002 | 58,942,227 | (3,338,450) | 25,700,649 | 289,754 | 679,425 | 9,160,480 | 198,782,413 | ||||
Total Open-End Mutual Funds | $27,871,381 | $167,632,236 | $5,337,268 | $12,325,241 | $1,520,685,460 |
Percentages are stated as a percent of net assets. |
Footnotes: | ||
(a) | Pursuant to Section 2(a)(3) of the Investment Company Act of 1940, the investment meets the definition of “affiliated person”, as the Portfolio directly or indirectly owns, controls, or holds with power to vote 5 percent or more of the outstanding voting securities of the holding at December 31, 2020. |
Ohio National Fund, Inc. | ON Growth Model Portfolio (Unaudited) |
Average Annual returns | |
One year | 18.68% |
Since inception (3/1/17) | 10.75% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2020. |
Ohio National Fund, Inc. | ON Growth Model Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2020 | |
% of Net Assets | |
Open-End Mutual Funds Less Net Liabilities | 100.0 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2020 | ||
% of Net Assets | ||
1. | ON S&P 500® Index Portfolio | 17.0 |
2. | ON BlackRock Advantage International Equity Portfolio | 12.0 |
3. | ON S&P MidCap 400® Index Portfolio | 11.5 |
4. | DFA International Core Equity Portfolio Institutional | 7.0 |
5. | ON BlackRock Advantage Large Cap Value Portfolio | 7.0 |
6. | ON Nasdaq-100® Index Portfolio | 7.0 |
7. | DFA Emerging Markets Portfolio Institutional | 5.0 |
8. | ON BlackRock Advantage Large Cap Core Portfolio | 5.0 |
9. | ON Janus Henderson Forty Portfolio | 5.0 |
10. | Vanguard International Growth Fund Admiral Class | 5.0 |
Ohio National Fund, Inc. | ON Growth Model Portfolio |
Schedule of Investments in Unaffiliated Issuers | December 31, 2020 |
Open-End Mutual Funds–20.0% | Shares | Value | |
DFA Emerging Markets Portfolio Institutional | 678,563 | $ 22,161,866 | |
DFA International Core Equity Portfolio Institutional | 2,129,486 | 31,026,613 | |
PIMCO Total Return Institutional | 418,908 | 4,440,425 | |
Vanguard International Growth Fund Admiral Class | 138,261 | 22,161,866 | |
Western Asset Core Plus Bond IS | 707,306 | 8,883,758 | |
Total Open-End Mutual Funds | $ 88,674,528 | ||
Total Investments in Securities of Unaffiliated Issuers – 20.0% (Cost $74,117,000) | $ 88,674,528 | ||
Total Investments in Affiliates – 80.0% (Cost $277,069,583) (see schedule below) | 354,589,854 | ||
Liabilities in Excess of Other Assets – 0.0% | (200,738) | ||
Net Assets – 100.0% | $443,063,644 |
Percentages are stated as a percent of net assets. |
Schedule of Investments in Affiliates | December 31, 2020 |
Affiliate | Value at January 1, 2020 | Cost of Purchases | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Income Distributions | Capital Gain Distributions | Shares at December 31, 2020 | Value at December 31, 2020 | |||||
Open-End Mutual Funds – 80.0% | ||||||||||||||
Fidelity Advisor® Real Estate I | (a) | $ 4,337,885 | $ 968,691 | $ 513,560 | $ (33,089) | $ (327,554) | $ 61,708 | $ 97,717 | 224,424 | $ 4,432,373 | ||||
ON BlackRock Advantage International Equity Portfolio | (a) | 52,054,621 | 3,624,896 | 5,634,554 | (401,561) | 3,545,076 | 285,792 | — | 3,229,416 | 53,188,478 | ||||
ON BlackRock Advantage Large Cap Core Portfolio | (a) | 21,689,425 | 99,546 | 2,846,345 | 572,884 | 2,646,356 | 37,302 | — | 573,251 | 22,161,866 | ||||
ON BlackRock Advantage Large Cap Growth Portfolio | (a) | 13,013,655 | 421,970 | 3,441,247 | 1,028,610 | 2,274,132 | 22,697 | 152,480 | 365,707 | 13,297,120 | ||||
ON BlackRock Advantage Large Cap Value Portfolio | (a) | 30,365,195 | 2,015,346 | 2,219,694 | 145,415 | 720,350 | 266,563 | 179,172 | 1,621,882 | 31,026,612 | ||||
ON BlackRock Advantage Small Cap Growth Portfolio | (a) | 19,520,483 | 1,474,087 | 6,610,517 | 1,256,803 | 4,304,823 | — | 225,450 | 478,428 | 19,945,679 | ||||
ON Bond Portfolio | (a) | 4,337,885 | 868,522 | 1,093,301 | 110,848 | 208,419 | 27,657 | — | 213,197 | 4,432,373 | ||||
ON Federated High Income Bond Portfolio | (a) | 4,337,885 | 723,124 | 788,374 | 27,077 | 132,661 | 61,989 | — | 204,729 | 4,432,373 | ||||
ON Janus Henderson Enterprise Portfolio | (a) | 4,337,885 | 275,132 | 891,914 | 116,931 | 594,339 | 3,298 | 55,448 | 77,788 | 4,432,373 | ||||
ON Janus Henderson Forty Portfolio | (a) | 21,689,425 | 983,454 | 6,382,213 | 997,673 | 4,873,527 | — | 449,635 | 630,853 | 22,161,866 | ||||
ON Janus Henderson Venture Portfolio | (a) | 17,351,540 | 1,144,364 | 5,437,928 | 1,102,811 | 3,568,706 | 20,139 | 306,825 | 398,237 | 17,729,493 | ||||
ON Nasdaq-100® Index Portfolio | (a) | 30,365,195 | 1,525,925 | 10,474,160 | 1,648,676 | 7,960,976 | 42,407 | 1,224,604 | 1,104,936 | 31,026,612 | ||||
ON S&P 500® Index Portfolio | (a) | 73,744,046 | 1,088,203 | 9,792,219 | 1,941,520 | 8,368,794 | 260,613 | 719,799 | 1,946,032 | 75,350,344 | ||||
ON S&P MidCap 400® Index Portfolio | (a) | 52,054,621 | 4,539,826 | 11,739,215 | (65,448) | 6,182,508 | 73,462 | 172,256 | 2,348,954 | 50,972,292 | ||||
Total Open-End Mutual Funds | $8,449,150 | $45,053,113 | $1,163,627 | $3,583,386 | $354,589,854 |
Percentages are stated as a percent of net assets. |
Footnotes: | ||
(a) | Pursuant to Section 2(a)(3) of the Investment Company Act of 1940, the investment meets the definition of “affiliated person”, as the Portfolio directly or indirectly owns, controls, or holds with power to vote 5 percent or more of the outstanding voting securities of the holding at December 31, 2020. |
Statements of Assets and Liabilities | December 31, 2020 |
ON Bond Portfolio | ON BlackRock Balanced Allocation Portfolio | ON BlackRock Advantage International Equity Portfolio | ON Janus Henderson Forty Portfolio | ON Janus Henderson Venture Portfolio | ON Janus Henderson Enterprise Portfolio | ON S&P 500® Index Portfolio | |||||||
Assets: | |||||||||||||
Investments in securities of unaffiliated issuers, at value* | $284,693,605 | $532,412,832 | $511,885,271 | $203,495,778 | $184,187,866 | $110,408,852 | $1,235,399,043 | ||||||
Cash | — | 22,281 | 46,078 | — | — | — | 362,532 | ||||||
Cash subject to usage restrictions | — | 660,000 | 522,720 | — | — | — | 506,000 | ||||||
Foreign currencies, at value** | — | — | 29,686 | — | — | 8,904 | — | ||||||
Receivable for securities sold | — | — | 20,842 | 1,423,203 | 2,062,537 | 127,890 | — | ||||||
Receivable for fund shares sold | 8,629,145 | 304,568 | 136,616 | 379,137 | 70,277 | 5,643 | 299,197 | ||||||
Receivable for variation margin on futures contracts | — | 69,556 | — | — | — | — | 46,103 | ||||||
Dividends and accrued interest receivable | 2,307,919 | 1,481,641 | 534,763 | 26,177 | 23,443 | 29,979 | 909,642 | ||||||
Foreign tax reclaim receivable | — | 27,160 | 877,726 | — | 7,148 | 2,722 | — | ||||||
Prepaid expenses and other assets | 3,780 | 8,562 | 7,490 | 3,103 | 2,699 | 1,611 | 18,703 | ||||||
Total assets | 295,634,449 | 534,986,600 | 514,061,192 | 205,327,398 | 186,353,970 | 110,585,601 | 1,237,541,220 | ||||||
Liabilities: | |||||||||||||
Payable for securities purchased | — | — | — | 768,353 | — | — | — | ||||||
Payable for fund shares redeemed | 410,438 | 1,030,341 | 9,079,982 | 769,550 | 3,744,301 | 1,283,911 | 8,341,384 | ||||||
Payable for investment management services | 128,181 | 217,849 | 304,524 | 120,882 | 124,332 | 78,297 | 349,208 | ||||||
Payable for variation margin on futures contracts | — | — | 59,420 | — | — | — | — | ||||||
Accrued custody expense | 1,632 | 8,385 | 110,684 | 2,244 | 5,401 | 3,302 | 15,639 | ||||||
Accrued professional fees | 17,300 | 17,367 | 18,801 | 17,275 | 17,270 | 17,249 | 17,556 | ||||||
Accrued accounting fees | 9,155 | 16,915 | 25,637 | 4,970 | 5,119 | 3,609 | 24,493 | ||||||
Accrued printing and filing fees | 1,315 | 1,547 | 2,173 | 1,121 | 978 | 875 | 2,792 | ||||||
Other liabilities | 4,835 | 4,496 | 665 | 4,846 | 4,956 | 4,764 | 5,216 | ||||||
Withholding tax payable | — | 53 | 43,119 | — | 240 | 496 | — | ||||||
Total liabilities | 572,856 | 1,296,953 | 9,645,005 | 1,689,241 | 3,902,597 | 1,392,503 | 8,756,288 | ||||||
Commitments and contingent liabilities (see Note 9 of Notes to Financial Statements) | |||||||||||||
Net assets | $295,061,593 | $533,689,647 | $504,416,187 | $203,638,157 | $182,451,373 | $109,193,098 | $1,228,784,932 | ||||||
Net assets consist of: | |||||||||||||
Paid in capital | 257,219,227 | 412,511,212 | 478,452,215 | 105,476,327 | 87,004,369 | 72,979,338 | 746,710,377 | ||||||
Total distributable earnings | 37,842,366 | 121,178,435 | 25,963,972 | 98,161,830 | 95,447,004 | 36,213,760 | 482,074,555 | ||||||
Net assets | $295,061,593 | $533,689,647 | $504,416,187 | $203,638,157 | $182,451,373 | $109,193,098 | $1,228,784,932 | ||||||
*Investments in securities of unaffiliated issuers, at cost | $255,101,399 | $460,319,375 | $467,648,786 | $127,367,275 | $107,909,506 | $ 80,181,729 | $ 832,025,816 | ||||||
**Foreign currencies, at cost | $ — | $ — | $ 29,566 | $ — | $ — | $ 8,907 | $ — | ||||||
Shares outstanding, par value, $1 per share | 14,190,970 | 13,544,373 | 30,631,062 | 5,796,709 | 4,098,350 | 1,916,446 | 31,731,548 | ||||||
Authorized Fund shares allocated to Portfolio | 25,000,000 | 25,000,000 | 55,000,000 | 14,000,000 | 8,000,000 | 6,000,000 | 60,000,000 | ||||||
Net asset value per share | $ 20.79 | $ 39.40 | $ 16.47 | $ 35.13 | $ 44.52 | $ 56.98 | $ 38.72 |
Statements of Assets and Liabilities | December 31, 2020 |
ON BlackRock Advantage Large Cap Value Portfolio | ON Federated High Income Bond Portfolio | ON Nasdaq-100® Index Portfolio | ON BlackRock Advantage Large Cap Core Portfolio | ON BlackRock Advantage Small Cap Growth Portfolio | ON S&P MidCap 400® Index Portfolio | ON BlackRock Advantage Large Cap Growth Portfolio | |||||||
Assets: | |||||||||||||
Investments in securities of unaffiliated issuers, at value* | $319,085,210 | $170,151,716 | $385,146,775 | $418,428,836 | $216,977,359 | $437,901,215 | $117,162,615 | ||||||
Cash | 8,219 | — | 286,964 | 8,003 | 34,248 | 310,661 | 3,126 | ||||||
Cash subject to usage restrictions | 629,200 | — | 128,000 | 759,000 | 336,000 | 189,000 | 224,000 | ||||||
Foreign currencies, at value** | 488,097 | — | — | — | — | — | — | ||||||
Receivable for securities sold | — | — | — | — | 43,160 | 785,852 | — | ||||||
Receivable for fund shares sold | 79,778 | 3,216,877 | 181,523 | 1,199,424 | 15,339 | 12,438 | 246,503 | ||||||
Receivable for variation margin on futures contracts | 63,960 | — | 4,168 | 84,870 | — | 1,501 | 12,320 | ||||||
Dividends and accrued interest receivable | 332,526 | 2,640,131 | 95,009 | 286,162 | 89,502 | 418,219 | 35,180 | ||||||
Foreign tax reclaim receivable | 141,665 | — | — | — | — | — | — | ||||||
Prepaid expenses and other assets | 4,716 | 2,299 | 5,998 | 6,672 | 3,050 | 6,380 | 1,772 | ||||||
Total assets | 320,833,371 | 176,011,023 | 385,848,437 | 420,772,967 | 217,498,658 | 439,625,266 | 117,685,516 | ||||||
Liabilities: | |||||||||||||
Payable for securities purchased | — | 225,000 | — | — | — | 756,319 | — | ||||||
Payable for fund shares redeemed | 4,087,111 | 33,647 | 2,680,638 | 2,054,599 | 7,527,871 | 10,447,484 | 747,350 | ||||||
Payable for investment management services | 180,376 | 104,481 | 115,127 | 224,128 | 140,412 | 130,860 | 64,538 | ||||||
Payable for variation margin on futures contracts | — | — | — | — | 14,068 | — | — | ||||||
Accrued custody expense | 6,201 | 1,666 | 8,044 | 7,829 | 5,122 | 13,761 | 4,699 | ||||||
Accrued professional fees | 17,307 | 17,268 | 17,324 | 17,334 | 17,277 | 17,339 | 17,251 | ||||||
Accrued accounting fees | 7,923 | 13,023 | 7,984 | 9,323 | 6,347 | 9,750 | 3,515 | ||||||
Accrued printing and filing fees | 1,313 | 1,178 | 1,349 | 1,311 | 972 | 1,545 | 980 | ||||||
Other liabilities | 5,033 | 4,911 | 4,833 | 4,680 | 4,730 | 5,059 | 4,553 | ||||||
Withholding tax payable | — | — | 467 | — | — | — | — | ||||||
Total liabilities | 4,305,264 | 401,174 | 2,835,766 | 2,319,204 | 7,716,799 | 11,382,117 | 842,886 | ||||||
Commitments and contingent liabilities (see Note 9 of Notes to Financial Statements) | |||||||||||||
Net assets | $316,528,107 | $175,609,849 | $383,012,671 | $418,453,763 | $209,781,859 | $428,243,149 | $116,842,630 | ||||||
Net assets consist of: | |||||||||||||
Paid in capital | 299,473,791 | 172,115,868 | 150,887,234 | 316,108,418 | 131,102,315 | 347,597,105 | 70,367,940 | ||||||
Total distributable earnings | 17,054,316 | 3,493,981 | 232,125,437 | 102,345,345 | 78,679,544 | 80,646,044 | 46,474,690 | ||||||
Net assets | $316,528,107 | $175,609,849 | $383,012,671 | $418,453,763 | $209,781,859 | $428,243,149 | $116,842,630 | ||||||
*Investments in securities of unaffiliated issuers, at cost | $291,417,358 | $167,164,282 | $223,173,599 | $354,670,695 | $161,400,051 | $354,608,908 | $ 92,232,347 | ||||||
**Foreign currencies, at cost | $ 465,332 | $ — | $ — | $ — | $ — | $ — | $ — | ||||||
Shares outstanding, par value, $1 per share | 16,547,194 | 8,110,370 | 13,638,084 | 10,824,789 | 5,031,665 | 19,735,289 | 3,213,660 | ||||||
Authorized Fund shares allocated to Portfolio | 30,000,000 | 15,000,000 | 30,000,000 | 20,000,000 | 10,000,000 | 40,000,000 | 7,000,000 | ||||||
Net asset value per share | $ 19.13 | $ 21.65 | $ 28.08 | $ 38.66 | $ 41.69 | $ 21.70 | $ 36.36 |
Statements of Assets and Liabilities | December 31, 2020 |
ON Risk Managed Balanced Portfolio | ON Federated Core Plus Bond Portfolio | ON Moderately Conservative Model Portfolio | ON Balanced Model Portfolio | ON Moderate Growth Model Portfolio | ON Growth Model Portfolio | ||||||
Assets: | |||||||||||
Investments in securities of unaffiliated issuers, at value* | $442,989,703 | $225,347,716 | $129,160,072 | $ 383,879,112 | $ 467,506,711 | $ 88,674,528 | |||||
Investments in affiliates, at value** | — | — | 174,472,401 | 744,280,577 | 1,520,685,460 | 354,589,854 | |||||
Cash | 243,043 | 85,042 | — | — | — | — | |||||
Receivable for securities sold | — | 5,105,245 | 733,587 | 22,444,261 | 30,702,723 | 4,316,079 | |||||
Receivable for fund shares sold | 135,565 | 13,785,366 | — | 131 | 158,707 | 858 | |||||
Receivable for variation margin on futures contracts | 271,112 | — | — | — | — | — | |||||
Dividends and accrued interest receivable | 1,116,951 | 1,195,243 | — | — | — | — | |||||
Prepaid expenses and other assets | 6,219 | 2,431 | 3,842 | 13,874 | 23,909 | 5,247 | |||||
Total assets | 444,762,593 | 245,521,043 | 304,369,902 | 1,150,617,955 | 2,019,077,510 | 447,586,566 | |||||
Liabilities: | |||||||||||
Payable for securities purchased | 226,804 | 5,491,665 | 717,411 | 21,764,515 | 28,337,433 | 2,463,223 | |||||
Payable for fund shares redeemed | 335,310 | 2 | 31,381 | 679,877 | 2,523,996 | 1,853,714 | |||||
Payable for investment management services | 326,425 | 104,798 | 100,362 | 316,152 | 771,622 | 176,322 | |||||
Payable for variation margin on futures contracts | — | 11,445 | — | — | — | — | |||||
Accrued custody expense | 12,378 | 2,312 | 3,941 | 3,234 | 3,113 | 2,594 | |||||
Accrued professional fees | 17,341 | 17,283 | 17,637 | 16,100 | 16,333 | 15,908 | |||||
Accrued accounting fees | 20,355 | 16,584 | 7,410 | 4,112 | 4,112 | 4,072 | |||||
Accrued printing and filing fees | 1,322 | 1,487 | 1,772 | 2,607 | 4,076 | 1,514 | |||||
Other liabilities | 4,389 | 4,066 | 8,141 | 5,967 | 6,347 | 5,575 | |||||
Withholding tax payable | 381 | — | — | — | — | — | |||||
Total liabilities | 944,705 | 5,649,642 | 888,055 | 22,792,564 | 31,667,032 | 4,522,922 | |||||
Net assets | $443,817,888 | $239,871,401 | $303,481,847 | $1,127,825,391 | $1,987,410,478 | $443,063,644 | |||||
Net assets consist of: | |||||||||||
Paid in capital | 300,800,028 | 229,953,370 | 270,969,463 | 978,020,269 | 1,713,353,889 | 374,781,833 | |||||
Total distributable earnings | 143,017,860 | 9,918,031 | 32,512,384 | 149,805,122 | 274,056,589 | 68,281,811 | |||||
Net assets | $443,817,888 | $239,871,401 | $303,481,847 | $1,127,825,391 | $1,987,410,478 | $443,063,644 | |||||
*Investments in securities of unaffiliated issuers, at cost | $361,838,179 | $217,841,186 | $120,765,745 | $ 346,521,744 | $ 406,816,886 | $ 74,117,000 | |||||
**Investments in affiliates, at cost | $ — | $ — | $149,000,635 | $ 611,098,765 | $1,220,418,126 | $277,069,583 | |||||
Shares outstanding, par value, $1 per share | 25,168,973 | 22,911,800 | 23,943,341 | 86,363,792 | 147,685,221 | 31,266,750 | |||||
Authorized Fund shares allocated to Portfolio | 45,000,000 | 90,000,000 | 30,000,000 | 150,000,000 | 260,000,000 | 60,000,000 | |||||
Net asset value per share | $ 17.63 | $ 10.47 | $ 12.67 | $ 13.06 | $ 13.46 | $ 14.17 |
Statements of Operations | For the Year Ended December 31, 2020 |
ON Bond Portfolio | ON BlackRock Balanced Allocation Portfolio | ON BlackRock Advantage International Equity Portfolio | ON Janus Henderson Forty Portfolio | ON Janus Henderson Venture Portfolio | ON Janus Henderson Enterprise Portfolio | ON S&P 500® Index Portfolio | |||||||
Investment income: | |||||||||||||
Interest | $ 9,318,409 | $ 4,660,379 | $ — | $ 2,986 | $ 1,873 | $ — | $ 5,763 | ||||||
Dividends from unaffiliated issuers, net of taxes withheld* | 4,335 | 6,165,596 | 10,386,088 | 1,028,774 | 668,510 | 847,609 | 21,161,908 | ||||||
Total investment income | 9,322,744 | 10,825,975 | 10,386,088 | 1,031,760 | 670,383 | 847,609 | 21,167,671 | ||||||
Expenses: | |||||||||||||
Management fees | 1,487,870 | 2,497,090 | 3,183,550 | 1,338,550 | 1,282,182 | 840,490 | 3,823,791 | ||||||
Custodian fees | 12,060 | 52,245 | 561,396 | 15,161 | 25,479 | 15,476 | 91,551 | ||||||
Directors' fees | 26,784 | 48,529 | 41,723 | 17,908 | 14,787 | 9,188 | 106,011 | ||||||
Professional fees | 28,790 | 33,869 | 32,878 | 26,442 | 25,734 | 24,383 | 48,298 | ||||||
Accounting fees | 54,408 | 101,482 | 145,092 | 28,732 | 29,846 | 20,828 | 142,637 | ||||||
Administration fees | 31,995 | 32,283 | 64,028 | 31,955 | 33,217 | 31,784 | 39,991 | ||||||
Printing and filing fees | 18,610 | 28,187 | 26,560 | 13,079 | 12,259 | 10,323 | 41,997 | ||||||
Compliance expense | 11,950 | 11,950 | 11,950 | 11,950 | 11,950 | 11,950 | 11,950 | ||||||
Other | 7,218 | 16,444 | 28,023 | 6,241 | 5,282 | 3,368 | 38,490 | ||||||
Total expenses | 1,679,685 | 2,822,079 | 4,095,200 | 1,490,018 | 1,440,736 | 967,790 | 4,344,716 | ||||||
Net investment income (loss) | 7,643,059 | 8,003,896 | 6,290,888 | (458,258) | (770,353) | (120,181) | 16,822,955 | ||||||
Realized/unrealized gain (loss) on investments, futures contracts, and foreign currency related transactions: | |||||||||||||
Net realized gain (loss) on: | |||||||||||||
Investments in securities of unaffiliated issuers | 1,088,784 | 38,895,985 | (4,677,006) | 22,565,956 | 19,973,664 | 6,171,255 | 67,352,131 | ||||||
Futures contracts | — | 2,296,688 | 1,703,523 | — | — | — | 1,836,688 | ||||||
Foreign currency related transactions | — | 9 | (68,033) | (121) | (809) | (144) | — | ||||||
Change in unrealized appreciation/depreciation on: | |||||||||||||
Investments in securities of unaffiliated issuers | 16,136,193 | 25,636,936 | 33,809,398 | 39,196,160 | 32,200,917 | 12,174,858 | 105,871,538 | ||||||
Futures contracts | — | 254,124 | 89,126 | — | — | — | 75,103 | ||||||
Foreign currency related transactions | — | (2) | 28,661 | (1) | 598 | 176 | — | ||||||
Net realized/unrealized gain on investments, futures contracts, and foreign currency related transactions | 17,224,977 | 67,083,740 | 30,885,669 | 61,761,994 | 52,174,370 | 18,346,145 | 175,135,460 | ||||||
Change in net assets from operations | $24,868,036 | $75,087,636 | $37,176,557 | $61,303,736 | $51,404,017 | $18,225,964 | $191,958,415 | ||||||
*Taxes withheld | $ 17,212 | $ 222 | $ 993,559 | $ 10,466 | $ 1,134 | $ 14,547 | $ — |
Statements of Operations | For the Year Ended December 31, 2020 |
ON BlackRock Advantage Large Cap Value Portfolio | ON Federated High Income Bond Portfolio | ON Nasdaq-100® Index Portfolio | ON BlackRock Advantage Large Cap Core Portfolio | ON BlackRock Advantage Small Cap Growth Portfolio | ON S&P MidCap 400® Index Portfolio | ON BlackRock Advantage Large Cap Growth Portfolio | |||||||
Investment income: | |||||||||||||
Interest | $ — | $10,100,996 | $ 2,917 | $ — | $ — | $ 2,703 | $ — | ||||||
Dividends from unaffiliated issuers, net of taxes withheld* | 7,108,609 | 45,528 | 3,215,984 | 6,850,981 | 1,286,677 | 6,884,470 | 1,066,407 | ||||||
Total investment income | 7,108,609 | 10,146,524 | 3,218,901 | 6,850,981 | 1,286,677 | 6,887,173 | 1,066,407 | ||||||
Expenses: | |||||||||||||
Management fees | 1,948,324 | 1,249,784 | 1,266,460 | 2,520,166 | 1,435,187 | 1,412,352 | 703,332 | ||||||
Custodian fees | 34,022 | 9,791 | 50,017 | 42,197 | 29,801 | 69,641 | 28,818 | ||||||
Directors' fees | 26,964 | 16,914 | 33,340 | 37,276 | 17,326 | 36,944 | 10,049 | ||||||
Professional fees | 30,785 | 26,857 | 30,090 | 34,906 | 26,376 | 31,388 | 24,553 | ||||||
Accounting fees | 47,143 | 75,730 | 45,732 | 54,754 | 36,574 | 57,281 | 21,257 | ||||||
Administration fees | 33,260 | 31,942 | 33,235 | 35,253 | 32,323 | 33,649 | 31,232 | ||||||
Printing and filing fees | 17,033 | 16,281 | 18,467 | 20,834 | 14,021 | 19,401 | 10,561 | ||||||
Compliance expense | 11,950 | 11,950 | 11,950 | 11,950 | 11,950 | 11,950 | 11,950 | ||||||
Other | 11,368 | 5,010 | 11,283 | 13,177 | 6,206 | 12,959 | 3,614 | ||||||
Total expenses | 2,160,849 | 1,444,259 | 1,500,574 | 2,770,513 | 1,609,764 | 1,685,565 | 845,366 | ||||||
Net investment income (loss) | 4,947,760 | 8,702,265 | 1,718,327 | 4,080,468 | (323,087) | 5,201,608 | 221,041 | ||||||
Realized/unrealized gain (loss) on investments, futures contracts, and foreign currency related transactions: | |||||||||||||
Net realized gain (loss) on: | |||||||||||||
Investments in securities of unaffiliated issuers | (14,832,840) | (2,319,010) | 68,403,199 | 34,791,557 | 24,053,010 | (6,501,164) | 20,814,491 | ||||||
Futures contracts | 1,749,577 | — | 809,225 | 2,345,481 | 1,599,035 | 1,361,192 | 731,552 | ||||||
Foreign currency related transactions | 6,606 | — | — | — | — | — | — | ||||||
Change in unrealized appreciation/depreciation on: | |||||||||||||
Investments in securities of unaffiliated issuers | 20,779,977 | 2,340,340 | 70,465,251 | 21,775,512 | 34,067,960 | 52,440,739 | 9,546,106 | ||||||
Futures contracts | 174,303 | — | (70,214) | 274,242 | 54,837 | (18,871) | 85,421 | ||||||
Foreign currency related transactions | 23,673 | — | — | — | — | — | — | ||||||
Net realized/unrealized gain on investments, futures contracts, and foreign currency related transactions | 7,901,296 | 21,330 | 139,607,461 | 59,186,792 | 59,774,842 | 47,281,896 | 31,177,570 | ||||||
Change in net assets from operations | $ 12,849,056 | $ 8,723,595 | $141,325,788 | $63,267,260 | $59,451,755 | $52,483,504 | $31,398,611 | ||||||
*Taxes withheld | $ — | $ — | $ 3,161 | $ 210 | $ 1,204 | $ 2,917 | $ — |
Statements of Operations | For the Year Ended December 31, 2020 |
ON Risk Managed Balanced Portfolio | ON Federated Core Plus Bond Portfolio** | ON Moderately Conservative Model Portfolio | ON Balanced Model Portfolio | ON Moderate Growth Model Portfolio | ON Growth Model Portfolio | ||||||
Investment income: | |||||||||||
Interest | $ 3,980,758 | $2,813,122 | $ — | $ — | $ — | $ — | |||||
Dividends from unaffiliated issuers, net of taxes withheld* | 3,058,883 | 559,668 | 2,402,490 | 8,133,298 | 8,855,823 | 1,308,335 | |||||
Dividends from affililiates | — | — | 605,106 | 2,947,428 | 5,337,268 | 1,163,627 | |||||
Total investment income | 7,039,641 | 3,372,790 | 3,007,596 | 11,080,726 | 14,193,091 | 2,471,962 | |||||
Expenses: | |||||||||||
Management fees | 3,595,387 | 802,691 | 877,789 | 4,176,245 | 7,227,772 | 1,586,502 | |||||
Custodian fees | 79,193 | 10,862 | 20,711 | 23,145 | 22,030 | 19,546 | |||||
Directors' fees | 35,659 | 10,127 | 20,352 | 98,426 | 169,397 | 37,001 | |||||
Professional fees | 31,104 | 22,993 | 30,209 | 56,331 | 80,539 | 36,047 | |||||
Accounting fees | 133,733 | 62,946 | 25,083 | 24,401 | 24,341 | 24,161 | |||||
Administration fees | 24,605 | 16,870 | 31,388 | 37,860 | 42,744 | 33,788 | |||||
Printing and filing fees | 39,045 | 14,605 | 15,889 | 39,173 | 61,229 | 18,918 | |||||
Compliance expense | 11,950 | 7,907 | 11,950 | 11,950 | 11,950 | 11,950 | |||||
Recoupment of previously reimbursed expenses | — | — | — | — | 355,499 | 97,617 | |||||
Other | 13,279 | 844 | 5,858 | 28,909 | 49,820 | 10,592 | |||||
Total expenses | 3,963,955 | 949,845 | 1,039,229 | 4,496,440 | 8,045,321 | 1,876,122 | |||||
Less expenses reduced or reimbursed by advisor | — | — | (162,366) | (416,068) | (163,559) | (55,388) | |||||
Net expenses | 3,963,955 | 949,845 | 876,863 | 4,080,372 | 7,881,762 | 1,820,734 | |||||
Net investment income | 3,075,686 | 2,422,945 | 2,130,733 | 7,000,354 | 6,311,329 | 651,228 | |||||
Realized/unrealized gain (loss) on investments, capital gain distributions received from underlying mutual funds, futures contracts, and foreign currency related transactions: | |||||||||||
Net realized gain (loss) on: | |||||||||||
Investments in securities of unaffiliated issuers | 34,681,503 | 30,390 | 1,934,845 | 4,526,165 | (819,481) | (1,634,160) | |||||
Investments in affiliates | — | — | 2,260,150 | 12,770,229 | 27,871,381 | 8,449,150 | |||||
Capital gain distributions received from underlying unaffiliated mutual funds | — | — | 1,982,118 | 5,035,268 | 4,156,794 | 716,422 | |||||
Capital gain distributions received from underlying affiliated mutual funds | — | — | 774,780 | 4,814,201 | 12,325,241 | 3,583,386 | |||||
Futures contracts | 25,745,924 | (82,032) | — | — | — | — | |||||
Foreign currency related transactions | (1,354) | — | — | — | — | — | |||||
Change in unrealized appreciation/depreciation on: | |||||||||||
Investments in securities of unaffiliated issuers | 15,056,610 | 7,506,530 | 2,850,008 | 25,000,965 | 48,345,318 | 13,058,630 | |||||
Investments in affiliates | — | — | 12,389,525 | 77,586,583 | 167,632,236 | 45,053,113 | |||||
Futures contracts | 2,427,667 | 40,198 | — | — | — | — | |||||
Net realized/unrealized gain on investments, capital gain distributions received from underlying mutual funds, futures contracts, and foreign currency related transactions | 77,910,350 | 7,495,086 | 22,191,426 | 129,733,411 | 259,511,489 | 69,226,541 | |||||
Change in net assets from operations | $80,986,036 | $9,918,031 | $24,322,159 | $136,733,765 | $265,822,818 | $69,877,769 | |||||
*Taxes withheld | $ 4,545 | $ — | $ — | $ — | $ — | $ — |
** | For the period from May 1, 2020 (inception) to December 31, 2020 |
ON Bond Portfolio | ON BlackRock Balanced Allocation Portfolio | ON BlackRock Advantage International Equity Portfolio | ON Janus Henderson Forty Portfolio | ||||||||||||
Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||||
December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | ||||||||
Increase (Decrease) in net assets: | |||||||||||||||
Operations: | |||||||||||||||
Net investment income (loss) | $ 7,643,059 | $ 8,222,236 | $ 8,003,896 | $ 3,988,732 | $ 6,290,888 | $ 10,129,073 | $ (458,258) | $ (750) | |||||||
Net realized gain (loss) on investments, futures contracts, and foreign currency related transactions | 1,088,784 | 883,529 | 41,192,682 | 27,935,557 | (3,041,516) | 2,593,815 | 22,565,835 | 19,451,811 | |||||||
Change in unrealized appreciation on investments, futures contracts, and foreign currency related transactions | 16,136,193 | 26,034,272 | 25,891,058 | 24,683,181 | 33,927,185 | 76,191,698 | 39,196,159 | 39,698,662 | |||||||
Change in net assets from operations | 24,868,036 | 35,140,037 | 75,087,636 | 56,607,470 | 37,176,557 | 88,914,586 | 61,303,736 | 59,149,723 | |||||||
Distributions: | |||||||||||||||
Distributions to shareholders | (1,955,669) | (6,277,707) | (3,456,539) | (25,500,324) | (2,738,370) | (7,735,538) | (4,403,993) | (15,119,874) | |||||||
Capital transactions: | |||||||||||||||
Received from shares sold | 60,133,879 | 61,748,018 | 48,633,016 | 18,470,860 | 39,904,840 | 14,258,974 | 11,932,642 | 47,877,936 | |||||||
Received from shares issued in reorganizations | — | — | — | 462,055,756 | 39,436,084 | — | — | — | |||||||
Received from dividends reinvested | 1,955,669 | 6,277,707 | 3,456,539 | 25,500,324 | 2,738,370 | 7,735,538 | 4,403,993 | 15,119,874 | |||||||
Paid for shares redeemed | (80,405,191) | (64,113,870) | (135,249,225) | (45,479,414) | (86,338,732) | (147,693,116) | (66,548,074) | (59,415,089) | |||||||
Change in net assets from capital transactions | (18,315,643) | 3,911,855 | (83,159,670) | 460,547,526 | (4,259,438) | (125,698,604) | (50,211,439) | 3,582,721 | |||||||
Change in net assets | 4,596,724 | 32,774,185 | (11,528,573) | 491,654,672 | 30,178,749 | (44,519,556) | 6,688,304 | 47,612,570 | |||||||
Net assets: | |||||||||||||||
Beginning of year | 290,464,869 | 257,690,684 | 545,218,220 | 53,563,548 | 474,237,438 | 518,756,994 | 196,949,853 | 149,337,283 | |||||||
End of year | $295,061,593 | $290,464,869 | $ 533,689,647 | $545,218,220 | $504,416,187 | $ 474,237,438 | $203,638,157 | $196,949,853 |
ON Janus Henderson Venture Portfolio | ON Janus Henderson Enterprise Portfolio | ON S&P 500® Index Portfolio | ON BlackRock Advantage Large Cap Value Portfolio | ||||||||||||
Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||||
December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | ||||||||
Increase (Decrease) in net assets: | |||||||||||||||
Operations: | |||||||||||||||
Net investment income (loss) | $ (770,353) | $ (617,975) | $ (120,181) | $ 104,349 | $ 16,822,955 | $ 19,153,257 | $ 4,947,760 | $ 12,565,407 | |||||||
Net realized gain (loss) on investments, futures contracts, and foreign currency related transactions | 19,972,855 | 28,909,298 | 6,171,111 | 6,551,294 | 69,188,819 | 110,239,780 | (13,076,657) | 1,661,543 | |||||||
Change in unrealized appreciation on investments, futures contracts, and foreign currency related transactions | 32,201,515 | 23,375,489 | 12,175,034 | 26,933,721 | 105,946,641 | 188,588,412 | 20,977,953 | 42,240,920 | |||||||
Change in net assets from operations | 51,404,017 | 51,666,812 | 18,225,964 | 33,589,364 | 191,958,415 | 317,981,449 | 12,849,056 | 56,467,870 | |||||||
Distributions: | |||||||||||||||
Distributions to shareholders | (3,319,361) | (24,504,430) | (1,446,892) | (5,240,352) | (16,545,732) | (112,068,403) | (4,616,269) | (12,498,626) | |||||||
Capital transactions: | |||||||||||||||
Received from shares sold | 26,259,176 | 13,407,144 | 7,735,887 | 5,724,811 | 87,145,272 | 100,470,240 | 28,451,695 | 18,418,626 | |||||||
Received from dividends reinvested | 3,319,361 | 24,504,430 | 1,446,892 | 5,240,352 | 16,545,732 | 112,068,403 | 4,616,269 | 12,498,626 | |||||||
Paid for shares redeemed | (65,886,679) | (101,846,524) | (26,741,822) | (31,932,168) | (252,910,129) | (327,398,850) | (45,453,705) | (76,044,468) | |||||||
Change in net assets from capital transactions | (36,308,142) | (63,934,950) | (17,559,043) | (20,967,005) | (149,219,125) | (114,860,207) | (12,385,741) | (45,127,216) | |||||||
Change in net assets | 11,776,514 | (36,772,568) | (779,971) | 7,382,007 | 26,193,558 | 91,052,839 | (4,152,954) | (1,157,972) | |||||||
Net assets: | |||||||||||||||
Beginning of year | 170,674,859 | 207,447,427 | 109,973,069 | 102,591,062 | 1,202,591,374 | 1,111,538,535 | 320,681,061 | 321,839,033 | |||||||
End of year | $182,451,373 | $ 170,674,859 | $109,193,098 | $109,973,069 | $1,228,784,932 | $1,202,591,374 | $316,528,107 | $320,681,061 |
ON Federated High Income Bond Portfolio | ON Nasdaq-100® Index Portfolio | ON BlackRock Advantage Large Cap Core Portfolio | ON BlackRock Advantage Small Cap Growth Portfolio | ||||||||||||
Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||||
December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | ||||||||
Increase (Decrease) in net assets: | |||||||||||||||
Operations: | |||||||||||||||
Net investment income (loss) | $ 8,702,265 | $ 10,670,675 | $ 1,718,327 | $ 2,246,654 | $ 4,080,468 | $ 2,855,349 | $ (323,087) | $ 129,231 | |||||||
Net realized gain (loss) on investments and futures contracts | (2,319,010) | (897,568) | 69,212,424 | 62,114,967 | 37,137,038 | (1,502,909) | 25,652,045 | 5,065,737 | |||||||
Change in unrealized appreciation on investments and futures contracts | 2,340,340 | 18,766,682 | 70,395,037 | 47,816,959 | 22,049,754 | 71,008,059 | 34,122,797 | 24,442,662 | |||||||
Change in net assets from operations | 8,723,595 | 28,539,789 | 141,325,788 | 112,178,580 | 63,267,260 | 72,360,499 | 59,451,755 | 29,637,630 | |||||||
Distributions: | |||||||||||||||
Distributions to shareholders | (2,647,672) | (8,186,705) | (17,027,006) | (47,519,641) | (742,987) | (2,159,153) | (2,304,466) | (1,583,506) | |||||||
Capital transactions: | |||||||||||||||
Received from shares sold | 16,805,407 | 18,147,369 | 53,369,383 | 32,049,119 | 13,469,658 | 7,056,986 | 14,648,310 | 67,085,654 | |||||||
Received from shares issued in reorganizations | — | — | — | — | — | 312,578,298 | — | 113,327,536 | |||||||
Received from dividends reinvested | 2,647,672 | 8,186,705 | 17,027,006 | 47,519,641 | 742,987 | 2,159,153 | 2,304,466 | 1,583,506 | |||||||
Paid for shares redeemed | (48,571,296) | (50,117,305) | (164,668,793) | (118,823,588) | (88,853,122) | (116,770,432) | (69,166,327) | (30,664,664) | |||||||
Change in net assets from capital transactions | (29,118,217) | (23,783,231) | (94,272,404) | (39,254,828) | (74,640,477) | 205,024,005 | (52,213,551) | 151,332,032 | |||||||
Change in net assets | (23,042,294) | (3,430,147) | 30,026,378 | 25,404,111 | (12,116,204) | 275,225,351 | 4,933,738 | 179,386,156 | |||||||
Net assets: | |||||||||||||||
Beginning of year | 198,652,143 | 202,082,290 | 352,986,293 | 327,582,182 | 430,569,967 | 155,344,616 | 204,848,121 | 25,461,965 | |||||||
End of year | $175,609,849 | $198,652,143 | $ 383,012,671 | $ 352,986,293 | $418,453,763 | $ 430,569,967 | $209,781,859 | $204,848,121 |
ON S&P MidCap 400® Index Portfolio | ON BlackRock Advantage Large Cap Growth Portfolio | ON Risk Managed Balanced Portfolio | ON Federated Core Plus Bond Portfolio | ||||||||||
Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | Period from May 1, 2020 (inception) to | |||||||
December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | December 31, 2020 | |||||||
Increase (Decrease) in net assets: | |||||||||||||
Operations: | |||||||||||||
Net investment income | $ 5,201,608 | $ 4,965,409 | $ 221,041 | $ 651,541 | $ 3,075,686 | $ 5,282,953 | $ 2,422,945 | ||||||
Net realized gain (loss) on investments, futures contracts, and foreign currency related transactions | (5,139,972) | (352,101) | 21,546,043 | 5,623,259 | 60,426,073 | 40,521,258 | (51,642) | ||||||
Change in unrealized appreciation on investments, futures contracts, and foreign currency related transactions | 52,421,868 | 80,581,384 | 9,631,527 | 25,875,444 | 17,484,277 | 38,808,539 | 7,546,728 | ||||||
Change in net assets from operations | 52,483,504 | 85,194,692 | 31,398,611 | 32,150,244 | 80,986,036 | 84,612,750 | 9,918,031 | ||||||
Distributions: | |||||||||||||
Distributions to shareholders | (2,070,321) | (3,723,816) | (1,579,491) | (3,920,333) | (10,638,087) | (33,102,023) | — | ||||||
Capital transactions: | |||||||||||||
Received from shares sold | 51,504,179 | 147,897,604 | 5,714,920 | 27,125,358 | 57,289,980 | 46,090,331 | 238,621,576 | ||||||
Received from dividends reinvested | 2,070,321 | 3,723,816 | 1,579,491 | 3,920,333 | 10,638,087 | 33,102,023 | — | ||||||
Paid for shares redeemed | (126,683,792) | (88,790,895) | (33,463,060) | (33,558,151) | (98,065,105) | (74,163,800) | (8,668,206) | ||||||
Change in net assets from capital transactions | (73,109,292) | 62,830,525 | (26,168,649) | (2,512,460) | (30,137,038) | 5,028,554 | 229,953,370 | ||||||
Change in net assets | (22,696,109) | 144,301,401 | 3,650,471 | 25,717,451 | 40,210,911 | 56,539,281 | 239,871,401 | ||||||
Net assets: | |||||||||||||
Beginning of year | 450,939,258 | 306,637,857 | 113,192,159 | 87,474,708 | 403,606,977 | 347,067,696 | — | ||||||
End of year | $ 428,243,149 | $450,939,258 | $116,842,630 | $113,192,159 | $443,817,888 | $403,606,977 | $239,871,401 |
ON Moderately Conservative Model Portfolio | ON Balanced Model Portfolio | ON Moderate Growth Model Portfolio | ON Growth Model Portfolio | ||||||||||||
Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||||
December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | ||||||||
Increase (Decrease) in net assets: | |||||||||||||||
Operations: | |||||||||||||||
Net investment income | $ 2,130,733 | $ 5,068,598 | $ 7,000,354 | $ 20,259,475 | $ 6,311,329 | $ 25,446,618 | $ 651,228 | $ 3,921,953 | |||||||
Net realized gain on investments and capital gain distributions received from underlying mutual funds | 6,951,893 | 5,806,881 | 27,145,863 | 33,378,374 | 43,533,935 | 83,219,346 | 11,114,798 | 22,480,647 | |||||||
Change in unrealized appreciation on investments | 15,239,533 | 24,407,923 | 102,587,548 | 146,133,437 | 215,977,554 | 309,819,405 | 58,111,743 | 74,490,301 | |||||||
Change in net assets from operations | 24,322,159 | 35,283,402 | 136,733,765 | 199,771,286 | 265,822,818 | 418,485,369 | 69,877,769 | 100,892,901 | |||||||
Distributions: | |||||||||||||||
Distributions to shareholders | — | (7,104,987) | — | (22,640,298) | — | (48,028,519) | — | (12,213,533) | |||||||
Return of capital | — | (372,215) | — | (17,493,344) | — | (57,954,547) | — | (6,226,565) | |||||||
Total distributions | — | (7,477,202) | — | (40,133,642) | — | (105,983,066) | — | (18,440,098) | |||||||
Capital transactions: | |||||||||||||||
Received from shares sold | 13,528,216 | 15,863,306 | 41,303,093 | 21,587,318 | 21,843,156 | 25,139,402 | 6,891,742 | 10,394,211 | |||||||
Received from shares issued in reorganizations | 79,451,302 | — | — | — | — | — | — | — | |||||||
Received from dividends reinvested | — | 7,477,202 | — | 40,133,642 | — | 105,983,066 | — | 18,440,098 | |||||||
Paid for shares redeemed | (37,043,498) | (65,140,990) | (159,709,700) | (258,751,251) | (261,640,579) | (427,228,533) | (67,341,557) | (101,803,149) | |||||||
Change in net assets from capital transactions | 55,936,020 | (41,800,482) | (118,406,607) | (197,030,291) | (239,797,423) | (296,106,065) | (60,449,815) | (72,968,840) | |||||||
Change in net assets | 80,258,179 | (13,994,282) | 18,327,158 | (37,392,647) | 26,025,395 | 16,396,238 | 9,427,954 | 9,483,963 | |||||||
Net assets: | |||||||||||||||
Beginning of year | 223,223,668 | 237,217,950 | 1,109,498,233 | 1,146,890,880 | 1,961,385,083 | 1,944,988,845 | 433,635,690 | 424,151,727 | |||||||
End of year | $303,481,847 | $223,223,668 | $1,127,825,391 | $1,109,498,233 | $1,987,410,478 | $1,961,385,083 | $443,063,644 | $ 433,635,690 |
Financial Highlights |
Selected per-share data | Ratios and supplemental data | ||||||||||||
Operations | Distributions | Ratios to average net assets | |||||||||||
Ratios net of expenses reduced or reimbursed by adviser | Ratios assuming no expenses reduced or reimbursed by adviser | ||||||||||||
Net asset value, beginning of year | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from operations | Distributions to shareholders | Net asset value, end of year | Total Return# | Expenses | Net investment income (loss) | Expenses | Net assets, end of year (millions) | Portfolio turnover rate | ||
ON Bond Portfolio | |||||||||||||
Year Ended December 31, 2020 | $19.10 | 0.55 | 1.28 | 1.83 | (0.14) | $20.79 | 9.59% | 0.60% | 2.72% | 0.60% | $295.1 | 69% | |
Year Ended December 31, 2019 | $17.02 | 0.55 | 1.96 | 2.51 | (0.43) | $19.10 | 14.73% | 0.60% | 3.19% | 0.60% | $290.5 | 60% | |
Year Ended December 31, 2018 | $17.56 | 0.64 | (1.18) | (0.54) | — | $17.02 | (3.08)% | 0.59% | 3.27% | 0.59% | $257.7 | 40% | |
Year Ended December 31, 2017 | $16.54 | 0.04 | 0.98 | 1.02 | — | $17.56 | 6.17% | 0.63% | 3.16% | 0.63% | $317.3 | 114% | |
Year Ended December 31, 2016 | $15.33 | 0.59 | 0.62 | 1.21 | — | $16.54 | 7.89% | 0.65% | 3.33% | 0.65% | $158.7 | 88% | |
ON BlackRock Balanced Allocation Portfolio | |||||||||||||
Year Ended December 31, 2020 | $34.30 | 0.60 | 4.75 | 5.35 | (0.25) | $39.40 | 15.65% | 0.55% | 1.57% | 0.55% | $533.7 | 121% | |
Year Ended December 31, 2019 | $27.85 | 0.26 | 7.85 | 8.11 | (1.66) | $34.30 | 29.29% | 0.59% | 1.77% | 0.59% | $545.2 | 97% (a) | |
Year Ended December 31, 2018 | $32.60 | 0.40 | (5.15) | (4.75) | — | $27.85 | (14.57)% | 0.77% | 1.16% | 0.77% | $ 53.6 | 225% | |
Year Ended December 31, 2017 | $26.93 | 0.31 | 5.36 | 5.67 | — | $32.60 | 21.05% | 0.78% | 1.02% | 0.78% | $ 68.4 | 187% | |
Year Ended December 31, 2016 | $24.43 | 0.25 | 2.25 | 2.50 | — | $26.93 | 10.23% | 0.80% | 1.09% | 0.80% | $ 57.9 | 194% | |
ON BlackRock Advantage International Equity Portfolio | |||||||||||||
Year Ended December 31, 2020 | $15.52 | 0.20 | 0.83 | 1.03 | (0.08) | $16.47 | 6.74% | 0.91% | 1.40% | 0.91% | $504.4 | 238% | |
Year Ended December 31, 2019 | $13.07 | 0.34 | 2.37 | 2.71 | (0.26) | $15.52 | 20.72% | 0.87% | 2.15% | 0.87% | $474.2 | 105% (b) | |
Year Ended December 31, 2018 | $15.08 | 0.23 | (2.24) | (2.01) | — | $13.07 | (13.33)% | 0.86% | 1.93% | 0.86% | $518.8 | 44% | |
Year Ended December 31, 2017 | $11.89 | 0.18 | 3.01 | 3.19 | — | $15.08 | 26.83% | 1.06% | 1.25% | 1.06% | $158.1 | 132% (c) | |
Year Ended December 31, 2016 | $12.50 | 0.22 | (0.83) | (0.61) | — | $11.89 | (4.88)% | 1.02% | 1.57% | 1.02% | $141.5 | 69% | |
ON Janus Henderson Forty Portfolio | |||||||||||||
Year Ended December 31, 2020 | $26.06 | (0.08) | 9.87 | 9.79 | (0.72) | $35.13 | 37.87% | 0.79% | (0.24)% | 0.79% | $203.6 | 36% | |
Year Ended December 31, 2019 | $20.97 | (—) (d) | 7.25 | 7.25 | (2.16) | $26.06 | 34.89% | 0.81% | (—)% (d) | 0.81% | $196.9 | 53% | |
Year Ended December 31, 2018 | $19.93 | (0.03) | 1.07 | 1.04 | — | $20.97 | 5.22% | 0.87% | (0.15)% | 0.87% | $149.3 | 48% | |
Year Ended December 31, 2017 | $15.61 | (0.03) | 4.35 | 4.32 | — | $19.93 | 27.67% | 0.96% | (0.15)% | 0.96% | $ 60.6 | 57% | |
Year Ended December 31, 2016 | $15.09 | (0.02) | 0.54 | 0.52 | — | $15.61 | 3.45% | 0.95% | (0.09)% | 0.95% | $ 49.9 | 63% | |
(a) | The cost of purchases and proceeds from sales of Portfolio securities that were incurred to realign the Portfolio’s holdings subsequent to the August 23, 2019 reorganization are excluded from the portfolio turnover rate calculation. See Note 3 of the Notes to Financial Statements for further information regarding this reorganization. If such amounts had not been excluded, the portfolio turnover rate would have been 261%. Effective February 1, 2019, the sub-adviser for the equity portion of the ON BlackRock Balanced Allocation Portfolio changed from Suffolk Capital Management, LLC to BlackRock Investment Management, LLC ("BlackRock"). |
(b) | Effective December 7, 2019, the sub-adviser to the ON ON BlackRock Advantage International Equity Portfolio changed from Lazard Asset Management LLC to BlackRock Investment Management, LLC. Costs of purchases and proceeds from sales of portfolio securities associated with the change in sub-advisers contributed to a higher portfolio turnover rate for the year ended December 31, 2019 as compared to prior years. |
(c) | Effective May 1, 2017, the sub-adviser to the ON BlackRock Advantage International Equity Portfolio changed from Federated Global Investment Management Corp. to Lazard Asset Management LLC. Costs of purchases and proceeds from sales of portfolio securities associated with the change in the sub-adviser contributed to a higher portfolio turnover rate for the year ended December 31, 2017 as compared to prior years. |
(d) | Less than $0.005 per share, or 0.005%. |
Financial Highlights |
Selected per-share data | Ratios and supplemental data | ||||||||||||
Operations | Distributions | Ratios to average net assets | |||||||||||
Ratios net of expenses reduced or reimbursed by adviser | Ratios assuming no expenses reduced or reimbursed by adviser | ||||||||||||
Net asset value, beginning of year | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from operations | Distributions to shareholders | Net asset value, end of year | Total Return# | Expenses | Net investment income (loss) | Expenses | Net assets, end of year (millions) | Portfolio turnover rate | ||
ON Janus Henderson Venture Portfolio | |||||||||||||
Year Ended December 31, 2020 | $33.89 | (0.22) | 11.55 | 11.33 | (0.70) | $44.52 | 34.04% | 0.89% | (0.48)% | 0.89% | $ 182.5 | 26% | |
Year Ended December 31, 2019 | $30.89 | (0.15) | 8.87 | 8.72 | (5.72) | $33.89 | 28.61% | 0.88% | (0.35)% | 0.88% | $ 170.7 | 17% | |
Year Ended December 31, 2018 | $32.99 | (0.10) | (2.00) | (2.10) | — | $30.89 | (6.37)% | 0.85% | (0.23)% | 0.85% | $ 207.4 | 33% | |
Year Ended December 31, 2017 | $26.61 | (0.06) | 6.44 | 6.38 | — | $32.99 | 23.98% | 0.85% | (0.19)% | 0.85% | $ 276.2 | 26% | |
Year Ended December 31, 2016 | $25.01 | 0.01 | 1.59 | 1.60 | — | $26.61 | 6.40% | 0.86% | 0.04% | 0.86% | $ 232.3 | 25% | |
ON Janus Henderson Enterprise Portfolio | |||||||||||||
Year Ended December 31, 2020 | $48.53 | (0.06) | 9.21 | 9.15 | (0.70) | $56.98 | 19.15% | 0.98% | (0.12)% | 0.98% | $ 109.2 | 14% | |
Year Ended December 31, 2019 | $37.36 | 0.05 | 13.54 | 13.59 | (2.42) | $48.53 | 36.57% | 0.96% | 0.10% | 0.96% | $ 110.0 | 10% | |
Year Ended December 31, 2018 | $38.60 | 0.02 | (1.26) | (1.24) | — | $37.36 | (3.21)% | 0.96% | 0.06% | 0.96% | $ 102.6 | 103% (a) | |
Year Ended December 31, 2017 | $30.37 | (0.09) | 8.32 | 8.23 | — | $38.60 | 27.10% | 0.98% | (0.24)% | 0.98% | $ 77.8 | 57% | |
Year Ended December 31, 2016 | $29.90 | (0.09) | 0.56 | 0.47 | — | $30.37 | 1.57% | 0.98% | (0.29)% | 0.98% | $ 70.2 | 61% | |
ON S&P 500® Index Portfolio | |||||||||||||
Year Ended December 31, 2020 | $33.29 | 0.54 | 5.40 | 5.94 | (0.51) | $38.72 | 17.99% | 0.39% | 1.49% | 0.39% | $1,228.8 | 6% | |
Year Ended December 31, 2019 | $28.11 | 0.57 | 8.00 | 8.57 | (3.39) | $33.29 | 30.97% | 0.39% | 1.64% | 0.39% | $1,202.6 | 7% | |
Year Ended December 31, 2018 | $29.52 | 0.48 | (1.89) | (1.41) | — | $28.11 | (4.78)% | 0.38% | 1.58% | 0.38% | $1,111.5 | 18% | |
Year Ended December 31, 2017 | $24.32 | 0.37 | 4.83 | 5.20 | — | $29.52 | 21.38% | 0.38% | 1.65% | 0.38% | $1,144.2 | 8% | |
Year Ended December 31, 2016 | $21.82 | 0.25 | 2.25 | 2.50 | — | $24.32 | 11.46% | 0.42% | 1.84% | 0.42% | $ 842.6 | 8% | |
ON BlackRock Advantage Large Cap Value Portfolio | |||||||||||||
Year Ended December 31, 2020 | $18.75 | 0.30 | 0.35 | 0.65 | (0.27) | $19.13 | 3.66% | 0.74% | 1.70% | 0.74% | $ 316.5 | 150% | |
Year Ended December 31, 2019 | $16.37 | 0.76 | 2.38 | 3.14 | (0.76) | $18.75 | 19.21% | 0.77% | 3.94% | 0.77% | $ 320.7 | 127% (b) | |
Year Ended December 31, 2018 | $17.88 | 0.87 | (2.38) | (1.51) | — | $16.37 | (8.45)% | 0.76% | 3.88% | 0.76% | $ 321.8 | 18% | |
Year Ended December 31, 2017 | $15.60 | 0.59 | 1.69 | 2.28 | — | $17.88 | 14.62% | 0.75% | 3.77% | 0.75% | $ 596.7 | 27% | |
Year Ended December 31, 2016 | $14.07 | 0.36 | 1.17 | 1.53 | — | $15.60 | 10.87% | 0.78% | 3.19% | 0.78% | $ 475.5 | 32% | |
(a) | Effective May 1, 2018, the sub-adviser changed from Goldman Sachs Asset Management, L.P. to Janus Capital Management LLC. Costs of purchases and proceeds from sales of portfolio securities associated with the change in the sub-adviser contributed to a higher portfolio turnover rate for the year ended December 31, 2018 as compared to prior years. |
(b) | Effective December 7, 2019, the sub-adviser changed from Federated Equity Management Company of Pennsylvania to BlackRock Investment Management, LLC. Costs of purchases and proceeds from sales of portfolio securities associated with the change in the sub-adviser contributed to a higher portfolio turnover rate for the year ended December 31, 2019 as compared to prior years. |
Financial Highlights |
Selected per-share data | Ratios and supplemental data | ||||||||||||
Operations | Distributions | Ratios to average net assets | |||||||||||
Ratios net of expenses reduced or reimbursed by adviser | Ratios assuming no expenses reduced or reimbursed by adviser | ||||||||||||
Net asset value, beginning of year | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from operations | Distributions to shareholders | Net asset value, end of year | Total Return# | Expenses | Net investment income (loss) | Expenses | Net assets, end of year (millions) | Portfolio turnover rate | ||
ON Federated High Income Bond Portfolio | |||||||||||||
Year Ended December 31, 2020 | $20.69 | 1.12 | 0.16 | 1.28 | (0.32) | $21.65 | 6.26% | 0.83% | 4.97% | 0.83% | $175.6 | 33% | |
Year Ended December 31, 2019 | $18.73 | 1.14 | 1.70 | 2.84 | (0.88) | $20.69 | 15.29% | 0.80% | 5.34% | 0.80% | $198.7 | 23% | |
Year Ended December 31, 2018 | $19.36 | 1.41 | (2.04) | (0.63) | — | $18.73 | (3.25)% | 0.75% | 5.39% | 0.75% | $202.1 | 14% | |
Year Ended December 31, 2017 | $18.10 | 1.04 | 0.22 | 1.26 | — | $19.36 | 6.96% | 0.74% | 5.21% | 0.74% | $319.1 | 30% | |
Year Ended December 31, 2016 | $15.82 | 0.43 | 1.85 | 2.28 | — | $18.10 | 14.41% | 0.80% | 5.56% | 0.80% | $313.8 | 30% | |
ON Nasdaq-100® Index Portfolio | |||||||||||||
Year Ended December 31, 2020 | $19.83 | 0.13 | 9.30 | 9.43 | (1.18) | $28.08 | 48.32% | 0.42% | 0.49% | 0.42% | $383.0 | 10% | |
Year Ended December 31, 2019 | $16.60 | 0.14 | 6.15 | 6.29 | (3.06) | $19.83 | 38.86% | 0.42% | 0.66% | 0.42% | $353.0 | 8% | |
Year Ended December 31, 2018 | $16.67 | 0.12 | (0.19) | (0.07) | — | $16.60 | (0.42)% | 0.41% | 0.67% | 0.41% | $327.6 | 22% | |
Year Ended December 31, 2017 | $12.59 | 0.07 | 4.01 | 4.08 | — | $16.67 | 32.41% | 0.45% | 0.71% | 0.45% | $257.2 | 9% | |
Year Ended December 31, 2016 | $11.80 | 0.09 | 0.70 | 0.79 | — | $12.59 | 6.69% | 0.48% | 0.84% | 0.48% | $156.1 | 13% | |
ON BlackRock Advantage Large Cap Core Portfolio | |||||||||||||
Year Ended December 31, 2020 | $32.95 | 0.38 | 5.39 | 5.77 | (0.06) | $38.66 | 17.55% | 0.70% | 1.04% | 0.70% | $418.5 | 137% | |
Year Ended December 31, 2019 | $24.79 | 0.22 | 8.10 | 8.32 | (0.16) | $32.95 | 33.60% | 0.74% | 1.28% | 0.74% | $430.6 | 152% (a) | |
Year Ended December 31, 2018 | $30.22 | 0.20 | (5.63) | (5.43) | — | $24.79 | (17.97)% | 0.82% | 0.63% | 0.82% | $155.3 | 272% | |
Year Ended December 31, 2017 | $24.02 | 0.16 | 6.04 | 6.20 | — | $30.22 | 25.81% | 0.82% | 0.47% | 0.82% | $223.7 | 220% | |
Year Ended December 31, 2016 | $21.49 | 0.12 | 2.41 | 2.53 | — | $24.02 | 11.77% | 0.83% | 0.49% | 0.83% | $207.9 | 223% | |
ON BlackRock Advantage Small Cap Growth Portfolio | |||||||||||||
Year Ended December 31, 2020 | $31.42 | (0.06) | 10.73 | 10.67 | (0.40) | $41.69 | 34.34% | 0.86% | (0.17)% | 0.86% | $209.8 | 87% | |
Year Ended December 31, 2019 | $23.62 | 0.02 | 8.02 | 8.04 | (0.24) | $31.42 | 34.07% | 0.91% | 0.11% | 0.91% | $204.8 | 114% (a) | |
Year Ended December 31, 2018 | $24.91 | (0.26) | (1.03) | (1.29) | — | $23.62 | (5.18)% | 1.05% | (0.55)% | 1.05% | $ 25.5 | 201% | |
Year Ended December 31, 2017 | $20.49 | (0.21) | 4.63 | 4.42 | — | $24.91 | 21.57% | 0.98% | (0.55)% | 0.98% | $ 56.8 | 196% | |
Year Ended December 31, 2016 | $19.60 | (0.19) | 1.08 | 0.89 | — | $20.49 | 4.54% | 0.92% | (0.62)% | 0.92% | $ 94.6 | 188% | |
(a) | The cost of purchases and proceeds from sales of Portfolio securities that were incurred to realign the Portfolios holdings subsequent to the August 23, 2019 reorganization are excluded from the portfolio turnover rate calculation. If such amounts had not been excluded, the portfolio turnover rates would have been 211% for the ON BlackRock Advantage Large Cap Core Portfolio and and 177% for the ON BlackRock Advantage Small Cap Growth Portolio. Effective February 1, 2019, the sub-adviser to the Portfolios changed from Suffolk Capital Management, LLC to BlackRock Investment Management, LLC. |
Financial Highlights |
Selected per-share data | Ratios and supplemental data | ||||||||||||
Operations | Distributions | Ratios to average net assets | |||||||||||
Ratios net of expenses reduced or reimbursed by adviser | Ratios assuming no expenses reduced or reimbursed by adviser | ||||||||||||
Net asset value, beginning of year | Net investment income | Net realized and unrealized gain (loss) | Total from operations | Distributions to shareholders | Net asset value, end of year | Total Return# | Expenses | Net investment income | Expenses | Net assets, end of year (millions) | Portfolio turnover rate | ||
ON S&P MidCap 400® Index Portfolio | |||||||||||||
Year Ended December 31, 2020 | $19.25 | 0.27 | 2.27 | 2.54 | (0.09) | $21.70 | 13.33% | 0.42% | 1.31% | 0.42% | $428.2 | 28% | |
Year Ended December 31, 2019 | $15.46 | 0.21 | 3.74 | 3.95 | (0.16) | $19.25 | 25.58% | 0.44% | 1.37% | 0.44% | $450.9 | 39% | |
Year Ended December 31, 2018 | $17.46 | 0.10 | (2.10) | (2.00) | — | $15.46 | (11.45)% | 0.51% | 1.32% | 0.51% | $306.6 | 28% | |
Year Ended December 31, 2017 | $15.12 | 0.04 | 2.30 | 2.34 | — | $17.46 | 15.48% | 0.71% | 0.92% | 0.71% | $ 88.8 | 41% | |
Year Ended December 31, 2016 | $13.81 | 0.17 | 1.14 | 1.31 | — | $15.12 | 9.49% | 0.79% | 1.24% | 0.79% | $ 47.9 | 179% (a) | |
ON BlackRock Advantage Large Cap Growth Portfolio | |||||||||||||
Year Ended December 31, 2020 | $27.54 | 0.08 | 9.22 | 9.30 | (0.48) | $36.36 | 33.97% | 0.79% | 0.21% | 0.79% | $116.8 | 143% | |
Year Ended December 31, 2019 | $20.59 | 0.16 | 7.77 | 7.93 | (0.98) | $27.54 | 38.68% | 0.80% | 0.62% | 0.80% | $113.2 | 214% | |
Year Ended December 31, 2018 | $24.19 | 0.12 | (3.72) | (3.60) | — | $20.59 | (14.88)% | 0.88% | 0.43% | 0.88% | $ 87.5 | 269% | |
Year Ended December 31, 2017 | $18.65 | 0.07 | 5.47 | 5.54 | — | $24.19 | 29.71% | 0.88% | 0.24% | 0.88% | $128.0 | 218% | |
Year Ended December 31, 2016 | $17.31 | 0.07 | 1.27 | 1.34 | — | $18.65 | 7.74% | 0.89% | 0.36% | 0.89% | $117.6 | 162% | |
ON Risk Managed Balanced Portfolio | |||||||||||||
Year Ended December 31, 2020 | $14.81 | 0.13 | 3.12 | 3.25 | (0.43) | $17.63 | 22.15% | 0.98% | 0.76% | 0.98% | $443.8 | 114% (b), (c) | |
Year Ended December 31, 2019 | $12.91 | 0.21 | 3.01 | 3.22 | (1.32) | $14.81 | 25.16% | 0.99% | 1.39% | 0.99% | $403.6 | 105% (c) | |
Year Ended December 31, 2018 | $13.01 | 0.17 | (0.27) | (0.10) | — | $12.91 | (0.77)% | 0.99% | 1.27% | 0.99% | $347.1 | 131% (c) | |
Year Ended December 31, 2017 | $11.06 | 0.14 | 1.81 | 1.95 | — | $13.01 | 17.63% | 1.00% | 1.22% | 1.00% | $344.2 | 72% (c) | |
Year Ended December 31, 2016 | $10.66 | 0.09 | 0.31 | 0.40 | — | $11.06 | 3.75% | 1.03% | 1.09% | 1.03% | $272.1 | 78% | |
ON Federated Core Plus Bond Portfolio | |||||||||||||
Period From May 1, 2020 (inception) to December 31, 2020 | $10.00 | 0.11 | 0.36 | 0.47 | — | $10.47 | 4.70% * | 0.65% ** | 1.65% ** | 0.65% ** | $239.9 | 30% * | |
* | Not annualized |
** | Annualized |
(a) | Effective December 16, 2016, the sub-adviser to the Portfolio changed from First Trust Advisors L.P. to Geode Capital Management, LLC. Costs of purchases and proceeds from sales of portfolio securities associated with the change in the sub-adviser contributed to a higher portfolio turnover rate for the year ended December 31, 2016 as compared to prior years. |
(b) | Effective May 1, 2020, the sub-adviser(s) to the ON Risk Managed Balanced Portfolio changed from Janus Capital Management LLC and AnchorPath Financial, LLC to AllianceBernstein, L.P. Costs of purchases and proceeds from sales of portfolio securities associated with the change in the sub-adviser contributed to a higher portfolio turnover rate for the year ended December 31, 2020 as compared to prior years. |
(c) | The portfolio turnover calculation includes purchases and sales from mortgage dollar roll transactions. Without the effect of mortgage dollar roll transactions, the portfolio turnover rate would have been 102% for the year ended December 31, 2020, 84% for the year ended December 31, 2019, 102% for the year ended December 31, 2018, and 63% for the year ended December 31, 2017 (see Note 2 of the Notes to Financial Statements). |
Financial Highlights |
Selected per-share data | Ratios and supplemental data | ||||||||||||||
Operations | Distributions | Ratios to average net assets | |||||||||||||
Ratios net of expenses reduced or reimbursed by adviser | Ratios assuming no expenses reduced or reimbursed by adviser | ||||||||||||||
Net asset value, beginning of year | Net investment income | Net realized and unrealized gain (loss) | Total from operations | Distributions to shareholders | Return of capital | Total distributions | Net asset value, end of year | Total Return# | Expenses † | Net investment income† | Expenses † | Net assets, end of year (millions) | Portfolio turnover rate | ||
ON Moderately Conservative Model Portfolio | |||||||||||||||
Year Ended December 31, 2020 | $11.37 | 0.09 | 1.21 | 1.30 | — | — | — | $12.67 | 11.43% | 0.40% | 0.97% | 0.47% | $ 303.5 | 23% (a) | |
Year Ended December 31, 2019 | $10.09 | 0.26 | 1.41 | 1.67 | (0.37) | (0.02) | (0.39) | $11.37 | 16.58% | 0.35% | 2.22% | 0.46% | $ 223.2 | 18% | |
Year Ended December 31, 2018 | $10.69 | 0.15 | (0.75) | (0.60) | — | — | — | $10.09 | (5.61)% | 0.28% | 1.26% | 0.45% | $ 237.2 | 38% | |
Period From March 1, 2017 (inception) to December 31, 2017 | $10.00 | 0.13 | 0.56 | 0.69 | — | — | — | $10.69 | 6.90% * | 0.25% ** | 1.40% ** | 0.45% ** | $ 326.0 | 22% * | |
ON Balanced Model Portfolio | |||||||||||||||
Year Ended December 31, 2020 | $11.48 | 0.08 | 1.50 | 1.58 | — | — | — | $13.06 | 13.76% | 0.39% | 0.67% | 0.43% | $1,127.8 | 22% | |
Year Ended December 31, 2019 | $ 9.97 | 0.21 | 1.73 | 1.94 | (0.24) | (0.19) | (0.43) | $11.48 | 19.46% | 0.36% | 1.82% | 0.43% | $1,109.5 | 22% | |
Year Ended December 31, 2018 | $10.81 | 0.09 | (0.93) | (0.84) | — | — | — | $ 9.97 | (7.77)% | 0.31% | 0.77% | 0.42% | $1,146.9 | 37% | |
Period From March 1, 2017 (inception) to December 31, 2017 | $10.00 | 0.09 | 0.72 | 0.81 | — | — | — | $10.81 | 8.10% * | 0.25% ** | 1.01% ** | 0.42% ** | $1,562.6 | 25% * | |
ON Moderate Growth Model Portfolio | |||||||||||||||
Year Ended December 31, 2020 | $11.63 | 0.04 | 1.79 | 1.83 | — | — | — | $13.46 | 15.74% | 0.44% | 0.35% | 0.45% | $1,987.4 | 16% | |
Year Ended December 31, 2019 | $ 9.93 | 0.16 | 2.20 | 2.36 | (0.30) | (0.36) | (0.66) | $11.63 | 23.81% | 0.43% | 1.31% | 0.44% | $1,961.4 | 20% | |
Year Ended December 31, 2018 | $11.05 | 0.05 | (1.17) | (1.12) | — | — | — | $ 9.93 | (10.14)% | 0.35% | 0.42% | 0.42% | $1,945.0 | 49% | |
Period From March 1, 2017 (inception) to December 31, 2017 | $10.00 | 0.07 | 0.98 | 1.05 | — | — | — | $11.05 | 10.50% * | 0.26% ** | 0.80% ** | 0.42% ** | $2,646.8 | 23% * | |
ON Growth Model Portfolio | |||||||||||||||
Year Ended December 31, 2020 | $11.94 | 0.02 | 2.21 | 2.23 | — | — | — | $14.17 | 18.68% | 0.46% | 0.16% | 0.47% | $ 443.1 | 11% | |
Year Ended December 31, 2019 | $ 9.86 | 0.11 | 2.50 | 2.61 | (0.35) | (0.18) | (0.53) | $11.94 | 26.47% | 0.45% | 0.92% | 0.47% | $ 433.6 | 18% | |
Year Ended December 31, 2018 | $11.15 | 0.02 | (1.31) | (1.29) | — | — | — | $ 9.86 | (11.57)% | 0.31% | 0.17% | 0.43% | $ 424.2 | 62% | |
Period From March 1, 2017 (inception) to December 31, 2017 | $10.00 | 0.05 | 1.10 | 1.15 | — | — | — | $11.15 | 11.50% * | 0.25% ** | 0.51% ** | 0.43% ** | $ 543.8 | 24% * | |
* | Not annualized |
** | Annualized |
(a) | The cost of purchases and proceeds from sales of Portfolio securities that were incurred to realign the Portfolio’s holdings subsequent to the December 4, 2020 reorganization are excluded from the portfolio turnover rate calculation. See Note 3 of the Notes to Financial Statements for further information regarding this reorganization. If such amounts had not been excluded, the portfolio turnover rate would have been 28%. |
Notes to Financial Statements | December 31, 2020 |
■ | ON Bond Portfolio – High level of income and opportunity for capital appreciation consistent with preservation of capital by investing, under normal circumstances, at least 80% of its net assets in corporate debt securities. |
■ | ON BlackRock Balanced Allocation Portfolio – High level of long-term total return consistent with preservation of capital by investing in stocks, bonds, and money market instruments. |
■ | ON BlackRock Advantage International Equity Portfolio (formerly ON International Equity Portfolio) – Long-term growth of capital by investing, under normal circumstances, at least 80% of its net assets in non-U.S. equity securities and equity-like instruments of companies that are components of, or have characteristics similar to, the companies included in the MSCI EAFE Index (Net - USD) |
■ | ON Janus Henderson Forty Portfolio – Long-term capital growth by investing primarily in domestic and foreign equity securities selected for growth potential. |
■ | ON Janus Henderson Venture Portfolio – Long-term capital appreciation by investing, under normal circumstances, at least 80% of its net assets in stocks of small capitalization companies. |
■ | ON Janus Henderson Enterprise Portfolio – Long-term total return by investing, under normal circumstances, at least 50% of its net assets in equity securities of mid-cap companies, primarily those that are strategically positioned for long-term growth. |
■ | ON S&P 500® Index Portfolio – Total return approximating that of the Standard & Poor's 500® Index (S&P 500® Index), at a risk level consistent with that of the S&P 500® Index by investing, under normal circumstances, more than 80% of its net assets in securities included in the S&P 500® Index. |
■ | ON BlackRock Advantage Large Cap Value Portfolio – Growth of capital by investing, under normal circumstances, at least 80% of its net assets in stocks of large capitalization companies with market capitalizations at the time of investment that are within the range of market capitalizations of the companies in the Russell 1000® Value Index for the previous twelve months. |
■ | ON Federated High Income Bond Portfolio – High current income by investing, under normal circumstances, at least 80% of its net assets in lower rated corporate debt obligations commonly referred to as "junk bonds". The Portfolio's investments are generally rated BB or lower by Standard & Poor’s or Fitch, or Ba or lower by Moody's. |
■ | ON Nasdaq-100® Index Portfolio – Long-term growth of capital by investing, under normal circumstances, more than 80% of its net assets in the common stocks of companies that are included in the Nasdaq-100® Index. |
■ | ON BlackRock Advantage Large Cap Core Portfolio – Long-term growth of capital by investing, under normal circumstances, at least 80% of its net assets in common stocks of the 1,000 largest publicly traded U.S. companies in terms of market capitalization. |
■ | ON BlackRock Advantage Small Cap Growth Portfolio – Long-term growth of capital by investing, under normal circumstances, at least 80% of its net assets in stocks of companies with a market capitalization at the time of investment that is no greater than the largest market capitalization of a company in the Russell 2000® Index for the previous twelve months. |
■ | ON S&P MidCap 400® Index Portfolio – Total return approximating that of the Standard & Poor’s MidCap 400® Index (S&P MidCap 400® Index), including reinvestment of dividends, at a risk level consistent with that of the S&P MidCap 400® Index by investing, under normal circumstances, more than 80% of its net assets in the securities included in the S& P MidCap 400® Index. |
■ | ON BlackRock Advantage Large Cap Growth Portfolio – Long-term growth of capital by investing, under normal circumstances, at least 80% of its net assets in stocks of companies with market capitalizations at the time of investment that are within the range of market capitalizations of the companies in the Russell 1000® Growth Index for the previous twelve months. |
■ | ON Risk Managed Balanced Portfolio – Long-term capital growth, consistent with preservation of capital and balanced by current income. The Portfolio invests in a balanced portfolio of equity and fixed-income securities and a risk management portfolio intended to enhance the risk adjusted return of the Portfolio. |
Notes to Financial Statements (Continued) | December 31, 2020 |
■ | ON Federated Core Plus Bond Portfolio - Total return by investing at least 80% of its net assets in fixed-income investments, primarily U.S. dollar denominated, investment-grade, fixed income securities. 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”). |
■ | ON Moderately Conservative Model Portfolio* – Current income and moderate growth of capital with a greater emphasis on current income by investing in underlying mutual funds. Under normal circumstances, the Portfolio intends to have investment exposure to various asset classes within the following target asset allocation ranges: U.S. Equity 20-40%, International Equity 5-20%, and Fixed Income 30-70%. |
■ | ON Balanced Model Portfolio* – A balance between growth of capital and current income with a greater emphasis on growth of capital by investing in underlying mutual funds. Under normal circumstances, the Portfolio intends to have investment exposure to various asset classes within the following target asset allocation ranges: U.S. Equity 25-50%, International Equity 10-25%, and Fixed Income 25-50%. |
■ | ON Moderate Growth Model Portfolio* – Growth of capital and moderate current income with a greater emphasis on growth of capital by investing in underlying mutual funds. Under normal circumstances, the Portfolio intends to have investment exposure to various asset classes within the following target asset allocation ranges: U.S. Equity 40-60%, International Equity 15-35%, and Fixed Income 10-30%. |
■ | ON Growth Model Portfolio* – Growth of capital and some current income by investing in underlying mutual funds. Under normal circumstances, the Portfolio intends to have investment exposure to various asset classes within the following target asset allocation ranges: U.S. Equity 50-80%, International Equity 15-45%, and Fixed Income 0-15%. |
* | Collectively, the "ON Model Portfolios". |
Portfolio | Authorized Shares | Portfolio | Authorized Shares | |||
ON Bond | 25,000,000 | ON S&P MidCap 400® Index | 40,000,000 | |||
ON BlackRock Balanced Allocation | 25,000,000 | ON BlackRock Advantage Large Cap Growth | 7,000,000 | |||
ON BlackRock Advantage International Equity | 55,000,000 | ON Risk Managed Balanced | 45,000,000 | |||
ON Janus Henderson Forty | 14,000,000 | ON Federated Core Plus Bond | 90,000,000 | |||
ON Janus Henderson Venture | 8,000,000 | ON Moderately Conservative Model | 30,000,000 | |||
ON Janus Henderson Enterprise | 6,000,000 | ON Balanced Model | 150,000,000 | |||
ON S&P 500® Index | 60,000,000 | ON Moderate Growth Model | 260,000,000 | |||
ON BlackRock Advantage Large Cap Value | 30,000,000 | ON Growth Model | 60,000,000 | |||
ON Federated High Income Bond | 15,000,000 | ON iShares Managed Risk Balanced** | 170,000,000 | |||
ON Nasdaq-100® Index | 30,000,000 | ON iShares Managed Risk Moderate Growth** | 120,000,000 | |||
ON BlackRock Advantage Large Cap Core | 20,000,000 | ON iShares Managed Risk Growth** | 100,000,000 | |||
ON BlackRock Advantage Small Cap Growth | 10,000,000 | ON Janus Henderson U.S. Low Volatility** | 170,000,000 |
** | These Portfolios and their respective authorized shares have been approved, but the Portfolios are not yet in operation. |
Notes to Financial Statements (Continued) | December 31, 2020 |
Notes to Financial Statements (Continued) | December 31, 2020 |
Level 1: | Quoted prices in active markets for identical securities. |
Level 2: | Other significant observable inputs, including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc. |
Level 3: | Significant unobservable inputs, including the Fund’s own assumptions used to determine the value of securities. |
Portfolio | Financial Instrument Type | Level 1 | Level 2 | Level 3 | ||||
ON Bond | Corporate Bonds*** | $ — | $273,294,487 | $ — | ||||
Asset-Backed Securities*** | — | 7,716,922 | — | |||||
Money Market Funds | 3,682,196 | — | — | |||||
$ 3,682,196 | $281,011,409 | $ — | ||||||
ON BlackRock Balanced Allocation | Common Stocks*** | $ 367,978,332 | $ — | $ — | ||||
Corporate Bonds*** | — | 149,885,935 | — | |||||
Asset-Backed Securities*** | — | 3,162,620 | — | |||||
Rights*** | 7,317 | — | — | |||||
Money Market Funds | 11,378,628 | — | — | |||||
$ 379,364,277 | $153,048,555 | $ — | ||||||
Futures Contracts | $ 316,285 | $ — | $ — |
Notes to Financial Statements (Continued) | December 31, 2020 |
Portfolio | Financial Instrument Type | Level 1 | Level 2 | Level 3 | ||||
ON BlackRock Advantage International Equity | Common Stocks*** | $ 268,925 | $501,023,925 | $ — | ||||
Preferred Securities*** | — | 3,628,986 | — | |||||
Warrants*** | 32,850 | — | — | |||||
Rights*** | 25,683 | — | — | |||||
Money Market Funds | 6,904,902 | — | — | |||||
$ 7,232,360 | $504,652,911 | $ — | ||||||
Futures Contracts | $ 62,593 | $ — | $ — | |||||
ON Janus Henderson Forty | Common Stocks*** | $ 194,861,174 | $ 4,531,621 | $ — | ||||
Money Market Funds | 4,102,983 | — | — | |||||
$ 198,964,157 | $ 4,531,621 | $ — | ||||||
ON Janus Henderson Venture | Common Stocks*** | $ 174,551,183 | $ 8,759,696 | $ — | ||||
Rights*** | 41,901 | — | — | |||||
Money Market Funds | 835,086 | — | — | |||||
$ 175,428,170 | $ 8,759,696 | $ — | ||||||
ON Janus Henderson Enterprise | Common Stocks*** | $ 107,815,272 | $ 1,993,810 | $ — | ||||
Money Market Funds | 599,770 | — | — | |||||
$ 108,415,042 | $ 1,993,810 | $ — | ||||||
ON S&P 500® Index | Common Stocks*** | $1,228,110,973 | $ — | $ — | ||||
Money Market Funds | 7,288,070 | — | — | |||||
$1,235,399,043 | $ — | $ — | ||||||
Futures Contracts | $ 126,450 | $ — | $ — | |||||
ON BlackRock Advantage Large Cap Value | Common Stocks*** | $ 310,714,437 | $ — | $ — | ||||
Money Market Funds | 8,370,773 | — | — | |||||
$ 319,085,210 | $ — | $ — | ||||||
Futures Contracts | $ 262,424 | $ — | $ — | |||||
ON Federated High Income Bond | Corporate Bonds*** | $ — | $166,542,226 | $ — | ||||
Common Stocks*** | 977,243 | — | — | |||||
Money Market Funds | 2,632,247 | — | — | |||||
$ 3,609,490 | $166,542,226 | $ — | ||||||
ON Nasdaq-100® Index | Common Stocks*** | $ 383,529,822 | $ — | $ — | ||||
Money Market Funds | 1,616,953 | — | — | |||||
$ 385,146,775 | $ — | $ — | ||||||
Futures Contracts | $ 10,079 | $ — | $ — | |||||
ON BlackRock Advantage Large Cap Core | Common Stocks*** | $ 406,501,563 | $ — | $ — | ||||
Rights*** | 8,019 | — | — | |||||
Money Market Funds | 11,919,254 | — | — | |||||
$ 418,428,836 | $ — | $ — | ||||||
Futures Contracts | $ 353,431 | $ — | $ — |
Notes to Financial Statements (Continued) | December 31, 2020 |
Portfolio | Financial Instrument Type | Level 1 | Level 2 | Level 3 | ||||
ON BlackRock Advantage Small Cap Growth | Common Stocks*** | $ 211,882,045 | $ — | $ — | ||||
Rights*** | — | 12,875 | — | |||||
Money Market Funds | 5,082,439 | — | — | |||||
$ 216,964,484 | $ 12,875 | $ — | ||||||
Futures Contracts | $ 82,709 | $ — | $ — | |||||
ON S&P MidCap 400® Index | Common Stocks*** | $ 435,297,159 | $ — | $ — | ||||
Money Market Funds | 2,604,056 | — | — | |||||
$ 437,901,215 | $ — | $ — | ||||||
Futures Contracts | $ 27,452 | $ — | $ — | |||||
ON BlackRock Advantage Large Cap Growth | Common Stocks*** | $ 113,744,776 | $ — | $ — | ||||
Rights*** | 3,692 | — | — | |||||
Money Market Funds | 3,414,147 | — | — | |||||
$ 117,162,615 | $ — | $ — | ||||||
Futures Contracts | $ 103,455 | $ — | $ — | |||||
ON Risk Managed Balanced | Common Stocks*** | $ 217,204,911 | $ — | $ — | ||||
Corporate Bonds*** | — | 87,121,859 | — | |||||
Purchased Options | 10,456,609 | 27,856,270 | — | |||||
U.S. Treasury Obligations | — | 30,608,076 | — | |||||
Asset-Backed / Mortgage-Backed Securities*** | — | 20,039,932 | — | |||||
U.S. Government Agency Mortgage-Backed Securities | — | 10,328,534 | — | |||||
Exchange Traded Funds | 7,543,403 | — | — | |||||
Preferred Securities*** | — | 2,980,500 | — | |||||
Sovereign Issues | — | 2,238,149 | — | |||||
Money Market Funds | 26,611,460 | — | — | |||||
$ 261,816,383 | $181,173,320 | $ — | ||||||
Futures Contracts | $ 630,399 | $ — | $ — | |||||
ON Federated Core Plus Bond | Corporate Bonds*** | $ — | $103,798,632 | $ — | ||||
U.S. Treasury Obligations | — | 45,098,511 | — | |||||
U.S. Government Agency Mortgage-Backed Securities | — | 36,609,588 | — | |||||
Investment Companies | 21,233,545 | — | — | |||||
Asset-Backed / Mortgage-Backed Securities*** | — | 13,933,989 | — | |||||
Sovereign Issues | — | 1,778,817 | — | |||||
Money Market Funds | 2,894,634 | — | — | |||||
$ 24,128,179 | $201,219,537 | $ — | ||||||
Futures Contracts | $ 40,198 | $ — | $ — | |||||
ON Moderately Conservative Model | Open-End Mutual Funds | $ 303,632,473 | $ — | $ — |
Notes to Financial Statements (Continued) | December 31, 2020 |
Portfolio | Financial Instrument Type | Level 1 | Level 2 | Level 3 | ||||
ON Balanced Model | Open-End Mutual Funds | $1,128,159,689 | $ — | $ — | ||||
ON Moderate Growth Model | Open-End Mutual Funds | $1,988,192,171 | $ — | $ — | ||||
ON Growth Model | Open-End Mutual Funds | $ 443,264,382 | $ — | $ — |
*** | For detailed industry descriptions, see the accompanying Schedules of Investments. |
Notes to Financial Statements (Continued) | December 31, 2020 |
Notes to Financial Statements (Continued) | December 31, 2020 |
Target Portfolios prior to the reorganizations: | ON Foreign | ON Conservative Model | ||
Investment portfolio fair value | $ 38,933,135 | $ 79,488,708 | ||
Investment portfolio cost | $ 40,686,429 | $ 72,251,292 | ||
Unrealized portfolio appreciation (depreciation) | $ (1,753,294) | $ 7,237,416 | ||
Net assets | $ 39,436,084 | $ 79,451,302 | ||
Net asset value (per share, extended) | $ 25.5635 | $ 12.0501 | ||
Shares | 1,542,670 | 6,593,429 | ||
Survivor Portfolios prior to the reorganizations: | ON BlackRock Advantage International Equity | ON Moderately Conservative Model | ||
Investment portfolio fair value | $403,881,706 | $223,936,878 | ||
Investment portfolio cost | $413,036,626 | $197,110,499 | ||
Unrealized portfolio appreciation (depreciation) | $ (9,154,920) | $ 26,826,379 | ||
Net assets | $408,742,811 | $223,864,447 | ||
Net asset value (per share, extended) | $ 13.2629 | $ 12.5120 | ||
Shares | 30,818,583 | 17,892,047 | ||
Notes to Financial Statements (Continued) | December 31, 2020 |
Survivor Portfolios subsequent to the reorganizations: | ON BlackRock Advantage International Equity | ON Moderately Conservative Model | ||
Investment portfolio fair value | $442,814,841 | $303,425,586 | ||
Investment portfolio cost | $453,723,055 | $269,361,791 | ||
Unrealized portfolio appreciation (depreciation) | $ (10,908,214) | $ 34,063,795 | ||
Net assets | $448,178,895 | $303,315,749 | ||
Net asset value (per share, extended) | $ 13.2629 | $ 12.5120 | ||
Shares | 33,791,993 | 24,242,070 |
ON BlackRock Advantage International Equity | ON Moderately Conservative Model | ||
Net investment income | $ 6,682,410 | $ 3,103,614 | |
Net realized/unrealized gains | 23,570,591 | 28,083,223 | |
Change in net assets resulting from operations | $30,253,001 | $31,186,837 |
ON Bond |
0.60% of first $100 million |
0.50% of next $150 million |
0.45% of next $250 million |
0.40% of next $500 million |
0.30% of next $1 billion |
0.25% over $2 billion |
ON BlackRock Balanced Allocation |
0.58% of first $100 million |
0.50% of next $150 million |
0.45% of next $250 million |
0.40% of next $500 million |
0.30% of next $1 billion |
0.25% over $2 billion |
ON BlackRock Advantage International Equity |
0.72% of first $200 million |
0.70% of next $800 million |
0.66% over $1 billion |
ON Janus Henderson Forty |
0.73% of first $100 million |
0.68% of next $400 million |
0.63% over $500 million |
ON Janus Henderson Venture |
0.80% of first $150 million |
0.75% of next $150 million |
0.70% of next $300 million |
0.65% over $600 million |
ON Janus Henderson Enterprise |
0.85% of first $100 million |
0.80% of next $100 million |
0.75% of next $300 million |
0.70% over $500 million |
ON S&P 500® Index |
0.40% of first $100 million |
0.35% of next $150 million |
0.33% over $250 million |
ON BlackRock Advantage Large Cap Value |
0.67% of first $500 million |
0.65% over $500 million |
ON Federated High Income Bond |
0.75% of first $75 million |
0.70% of next $75 million |
0.65% of next $75 million |
0.60% over $225 million |
ON Nasdaq-100® Index |
0.40% of first $100 million |
0.35% of next $150 million |
0.33% over $250 million |
ON BlackRock Advantage Large Cap Core |
0.64% of first $500 million |
0.62% over $500 million |
ON BlackRock Advantage Small Cap Growth |
0.78% of first $100 million |
0.75% of next $400 million |
0.70% over $500 million |
ON S&P MidCap 400® Index |
0.40% of first $100 million |
0.35% of next $150 million |
0.33% over $250 million |
ON BlackRock Advantage Large Cap Growth |
0.66% of first $500 million |
0.64% over $500 million |
ON Risk Managed Balanced1 |
0.88% of first $500 million |
0.74% of next $1.3 billion |
0.72% over $1.8 billion |
ON Federated Core Plus Bond |
0.56% of first $100 million |
0.54% of next $150 million |
0.50% of next $150 million |
0.45% of next $350 million |
0.43% over $750 million |
ON Model Portfolios |
0.40% of all net assets |
Notes to Financial Statements (Continued) | December 31, 2020 |
1 | At a meeting held on February 12, 2020, the Board, including a majority of the Directors who are not “interested persons” of the Fund (the "Independent Directors"), approved the replacement of the sub-advisers to the Portfolio. |
Effective May 1, 2020, AllianceBernstein, L.P. (“AB”) replaced the Portfolio's previous sub-advisers, Janus Capital Management, LLC ("Janus") and AnchorPath Financial, LLC ("AnchorPath"). The investment objective, name, and benchmark remained unchanged. In connection with this change in sub-adviser, the Board approved a revision to the Portfolio's advisory fee breakpoint schedule, also effective May 1, 2020. Previously, the advisory fee breakpoints, based on of the Portfolio's daily net assets were as follows: |
ON Risk Managed Balanced |
0.90% of first $500 million |
0.75% over $500 million |
ON BlackRock Advantage International Equity (BlackRock) |
0.32% of first $200 million |
0.30% over $200 million |
ON Janus Henderson Forty (Janus) |
0.40% of first $100 million |
0.35% of next $400 million |
0.30% over $500 million |
ON Janus Henderson Venture (Janus) |
0.55% of first $150 million |
0.45% over $150 million |
ON Janus Henderson Enterprise (Janus) |
0.60% of first $100 million |
0.55% of next $100 million |
0.50% over $200 million |
ON S&P 500® Index (Geode)3 |
0.01% of all net assets |
ON Federated High Income Bond (Federated) |
0.50% of first $30 million |
0.40% of next $20 million |
0.30% of next $25 million |
0.25% over $75 million |
ON Nasdaq-100® Index (Geode)3 |
0.05% of first $100 million |
0.04% of next $150 million |
0.03% over $250 million |
ON BlackRock Advantage Small Cap Growth (BlackRock) |
0.40% of first $250 million |
0.35% over $250 million |
ON S&P MidCap 400® Index (Geode)3 |
0.039% of first $100 million |
0.038% of next $150 million |
0.037% of next $250 million |
0.036% of next $500 million |
0.035% over $1 billion |
ON Risk Managed Balanced (AB)2 |
0.50% of first $400 million |
0.40% of next $800 million |
0.30% over $1.2 billion |
ON Federated Core Plus Bond (Federated) |
0.18% of first $100 million |
0.15% of next $150 million |
0.12% of next $150 million |
0.10% of next $350 million |
0.08% over $750 million |
2 | At a meeting held on February 12, 2020, the Board, including a majority of the Directors who are not “interested persons” of the Fund, approved the replacement of the sub-advisers to the Portfolio. |
Effective May 1, 2020, AB replaced the Portfolio's previous sub-advisers, Janus and AnchorPath. In conjunction with the change in sub-advisers, the Board approved a revision to the sub-advisory fee schedules shown above. Previously, the sub-advisory fee breakpoints, based on the Portfolio's daily net assets, were: |
ON Risk Managed Balanced (Janus) | ON Risk Managed Balanced (AnchorPath) | |
0.35% of first $500 million | 0.20% of first $500 million | |
0.25% over $500 million | 0.15% over $500 million |
3 | The sub-advisory fees for the three Portfolios sub-advised by Geode could be impacted by an agreed-upon minimum aggregate per annum fee of $150,000. For the year ended December 31, 2020, the minimum aggregate fee had no impact on the sub-advisory fees that were calculated based on the breakpoint schedule indicated above. |
Notes to Financial Statements (Continued) | December 31, 2020 |
Portfolio | May 1, 2020 to April 30, 2021 | May 1, 2019 to April 30, 2020 | May 1, 2018 to April 30, 2019 | |||
ON Moderately Conservative Model | 1.00% | 1.00% | 0.92% | |||
ON Balanced Model | 1.00% | 1.00% | 0.99% | |||
ON Moderate Growth Model | 1.07% | 1.07% | 1.04% | |||
ON Growth Model | 1.14% | 1.14% | 1.08% |
Portfolio | Year Ended December 31, 2020 | Year Ended December 31, 2019 | ||
ON Moderately Conservative Model | $162,366 | $261,201 | ||
ON Balanced Model | 416,068 | 778,985 | ||
ON Moderate Growth Model | 163,559 | 253,374 | ||
ON Growth Model | 55,388 | 64,344 |
Notes to Financial Statements (Continued) | December 31, 2020 |
Portfolio | Expires April 30, 2021 | Expires April 30, 2022 | Expires April 30, 2023 | Expires April 30, 2024 | Total | |||||
ON Moderately Conservative Model | $ 752,636 | $376,793 | $198,007 | $113,403 | $1,440,839 | |||||
ON Balanced Model | 3,025,712 | 952,043 | 656,506 | 242,382 | 4,876,643 | |||||
ON Moderate Growth Model | 4,497,363 | — | 34,233 | — | 4,531,596 | |||||
ON Growth Model | 1,110,925 | 162,674 | 55,388 | — | 1,328,987 |
ON Bond | ON BlackRock Balanced Allocation | ON BlackRock Advantage International Equity | |||||||||
Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||
December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | ||||||
Capital shares issued on sales | 3,025,583 | 3,240,589 | 1,428,525 | 545,146 | 2,995,446 | 974,536 | |||||
Capital shares issued in reorganizations | — | — | — | 14,014,746 | 2,973,410 | — | |||||
Capital shares issued on reinvested distributions | 97,007 | 329,020 | 95,038 | 763,025 | 189,376 | 500,682 | |||||
Capital shares redeemed | (4,141,734) | (3,498,040) | (3,873,512) | (1,351,971) | (6,075,879) | (10,613,337) | |||||
Net increase/(decrease) | (1,019,144) | 71,569 | (2,349,949) | 13,970,946 | 82,353 | (9,138,119) |
ON Janus Henderson Forty | ON Janus Henderson Venture | ON Janus Henderson Enterprise | |||||||||
Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||
December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | ||||||
Capital shares issued on sales | 409,782 | 2,255,356 | 868,308 | 381,735 | 183,549 | 126,984 | |||||
Capital shares issued in reorganizations | — | — | — | — | — | — | |||||
Capital shares issued on reinvested distributions | 138,883 | 598,807 | 96,662 | 737,419 | 30,674 | 111,426 | |||||
Capital shares redeemed | (2,310,411) | (2,417,355) | (1,903,112) | (2,797,597) | (563,927) | (717,906) | |||||
Net increase/(decrease) | (1,761,746) | 436,808 | (938,142) | (1,678,443) | (349,704) | (479,496) |
Notes to Financial Statements (Continued) | December 31, 2020 |
ON S&P 500® Index | ON BlackRock Advantage Large Cap Value | ON Federated High Income Bond | |||||||||
Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||
December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | ||||||
Capital shares issued on sales | 2,755,108 | 3,326,047 | 1,839,033 | 1,018,596 | 845,753 | 881,649 | |||||
Capital shares issued in reorganizations | — | — | — | — | — | — | |||||
Capital shares issued on reinvested distributions | 473,954 | 3,497,765 | 274,451 | 671,969 | 128,465 | 405,082 | |||||
Capital shares redeemed | (7,623,506) | (10,242,233) | (2,671,144) | (4,249,469) | (2,467,416) | (2,471,563) | |||||
Net increase/(decrease) | (4,394,444) | (3,418,421) | (557,660) | (2,558,904) | (1,493,198) | (1,184,832) |
ON Nasdaq-100® Index | ON BlackRock Advantage Large Cap Core | ON BlackRock Advantage Small Cap Growth | |||||||||
Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||
December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | ||||||
Capital shares issued on sales | 2,394,007 | 1,678,291 | 418,930 | 234,322 | 554,312 | 2,344,042 | |||||
Capital shares issued in reorganizations | — | — | — | 10,633,434 | — | 4,095,062 | |||||
Capital shares issued on reinvested distributions | 686,296 | 2,522,274 | 21,289 | 67,855 | 72,354 | 51,935 | |||||
Capital shares redeemed | (7,238,843) | (6,137,710) | (2,683,509) | (4,133,242) | (2,115,320) | (1,048,823) | |||||
Net increase/(decrease) | (4,158,540) | (1,937,145) | (2,243,290) | 6,802,369 | (1,488,654) | 5,442,216 |
ON S&P MidCap 400® Index | ON BlackRock Advantage Large Cap Growth | ON Risk Managed Balanced | |||||||||
Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||
December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | ||||||
Capital shares issued on sales | 3,398,152 | 8,405,131 | 187,147 | 1,070,137 | 3,554,679 | 3,173,323 | |||||
Capital shares issued in reorganizations | — | — | — | — | — | — | |||||
Capital shares issued on reinvested distributions | 117,498 | 199,776 | 48,229 | 147,937 | 643,174 | 2,279,753 | |||||
Capital shares redeemed | (7,203,988) | (5,020,228) | (1,132,110) | (1,355,693) | (6,273,202) | (5,091,874) | |||||
Net increase/(decrease) | (3,688,338) | 3,584,679 | (896,734) | (137,619) | (2,075,349) | 361,202 |
ON Federated Core Plus Bond | ON Moderately Conservative Model | ON Balanced Model | |||||||
Period from May 1, 2020 (inception) to | Year Ended | Year Ended | Year Ended | Year Ended | |||||
December 31, 2020 | December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | |||||
Capital shares issued on sales | 23,758,028 | 1,195,040 | 1,436,394 | 3,569,104 | 1,956,344 | ||||
Capital shares issued in reorganizations | — | 6,350,022 | — | — | — | ||||
Capital shares issued on reinvested distributions | — | — | 658,784 | — | 3,505,121 | ||||
Capital shares redeemed | (846,228) | (3,232,252) | (5,963,369) | (13,888,420) | (23,785,531) | ||||
Net increase/(decrease) | 22,911,800 | 4,312,810 | (3,868,191) | (10,319,316) | (18,324,066) |
Notes to Financial Statements (Continued) | December 31, 2020 |
ON Moderate Growth Model | ON Growth Model | ||||||
Year Ended | Year Ended | Year Ended | Year Ended | ||||
December 31, 2020 | December 31, 2019 | December 31, 2020 | December 31, 2019 | ||||
Capital shares issued on sales | 1,938,457 | 2,228,980 | 625,756 | 930,126 | |||
Capital shares issued in reorganizations | — | — | — | — | |||
Capital shares issued on reinvested distributions | — | 9,136,471 | — | 1,548,287 | |||
Capital shares redeemed | (22,860,477) | (38,709,593) | (5,689,737) | (9,143,969) | |||
Net increase/(decrease) | (20,922,020) | (27,344,142) | (5,063,981) | (6,665,556) |
ON Bond | ON BlackRock Balanced Allocation | ON BlackRock Advantage International Equity | ON Janus Henderson Forty | ON Janus Henderson Venture | |||||
Cost of purchases | $134,443,304 | $560,491,253 | $1,036,134,761 | $ 66,788,460 | $40,371,425 | ||||
Proceeds from sales | $139,572,558 | $641,035,616 | $1,062,139,362 | $123,570,496 | $76,006,714 |
ON Janus Henderson Enterprise | ON S&P 500® Index | ON BlackRock Advantage Large Cap Value | ON Federated High Income Bond | ON Nasdaq-100® Index | |||||
Cost of purchases | $13,612,538 | $ 62,438,258 | $421,363,348 | $55,515,952 | $ 34,852,336 | ||||
Proceeds from sales | $30,184,284 | $207,293,413 | $430,993,322 | $76,906,108 | $140,695,001 |
ON BlackRock Advantage Large Cap Core | ON BlackRock Advantage Small Cap Growth | ON S&P MidCap 400® Index | ON BlackRock Advantage Large Cap Growth | ON Risk Managed Balanced | |||||
Cost of purchases | $525,327,370 | $158,923,805 | $108,858,970 | $148,944,259 | $348,532,595 | ||||
Proceeds from sales | $603,731,803 | $208,249,674 | $165,345,704 | $177,849,493 | $324,667,236 |
ON Federated Core Plus Bond1 | ON Moderately Conservative Model | ON Balanced Model | ON Moderate Growth Model | ON Growth Model | |||||
Cost of purchases | $206,311,953 | $61,702,800 | $231,764,052 | $286,732,431 | $41,865,691 | ||||
Proceeds from sales | $ 36,660,598 | $80,297,882 | $333,331,163 | $503,650,494 | $97,335,461 |
ON Bond | ON BlackRock Balanced Allocation | ON Risk Managed Balanced | ON Federated Core Plus Bond1 | ||||
Cost of purchases | $56,941,475 | $46,366,559 | $88,639,387 | $73,632,524 | |||
Proceeds from sales | $68,053,107 | $46,622,054 | $86,565,596 | $27,988,193 |
1 | Period from May 1, 2020 (inception) to December 31, 2020 |
Notes to Financial Statements (Continued) | December 31, 2020 |
Notes to Financial Statements (Continued) | December 31, 2020 |
Portfolio | Collateral Pledged | Futures Contracts Opened (in millions) | Futures Contracts Closed (in millions) | |||
ON BlackRock Balanced Allocation | Portions of cash holdings | $ 110.7 | $ 104.0 | |||
ON BlackRock Advantage International Equity | Portions of cash holdings | 123.9 | 127.2 | |||
ON S&P 500® Index | Portions of cash holdings | 124.8 | 121.0 | |||
ON BlackRock Advantage Large Cap Value | Portions of cash holdings | 89.2 | 85.1 | |||
ON Nasdaq-100® Index | Portions of cash holdings | 59.7 | 62.2 | |||
ON BlackRock Advantage Large Cap Core | Portions of cash holdings | 116.8 | 109.1 | |||
ON BlackRock Advantage Small Cap Growth | Portions of cash holdings | 81.3 | 79.0 | |||
ON S&P MidCap 400® Index | Portions of cash holdings | 60.8 | 62.3 | |||
ON BlackRock Advantage Large Cap Growth | Portions of cash holdings | 54.3 | 51.9 | |||
ON Risk Managed Balanced | Portions of securities | 2,138.7 | 2,066.1 | |||
ON Federated Core Plus Bond(a) | Portions of securities | 93.8 | 81.1 |
Portfolio | Instrument | Primary Risk Type | Value- Asset Derivatives | Value- Liability Derivatives | Location on Statements of Assets and Liabilities | |||||
ON BlackRock Balanced Allocation | Futures contracts | Equity price | $11,246,400 | $10,930,115 | (1) | |||||
ON BlackRock Advantage International Equity | Futures contracts | Equity price | 6,392,400 | 6,329,807 | (1) | |||||
ON S&P 500® Index | Futures contracts | Equity price | 8,622,240 | 8,495,790 | (1) | |||||
ON BlackRock Advantage Large Cap Value | Futures contracts | Equity price | 9,746,880 | 9,484,456 | (1) | |||||
ON Nasdaq-100® Index | Futures contracts | Equity price | 2,061,680 | 2,051,601 | (1) | |||||
ON BlackRock Advantage Large Cap Core | Futures contracts | Equity price | 12,933,360 | 12,579,929 | (1) | |||||
ON BlackRock Advantage Small Cap Growth | Futures contracts | Equity price | 5,529,440 | 5,446,731 | (1) | |||||
ON S&P MidCap 400® Index | Futures contracts | Equity price | 3,224,900 | 3,197,448 | (1) | |||||
ON BlackRock Advantage Large Cap Growth | Futures contracts | Equity price | 3,607,940 | 3,504,485 | (1) | |||||
ON Risk Managed Balanced | Futures contracts | Equity price | 19,681,200 | 19,230,942 | (1) |
Notes to Financial Statements (Continued) | December 31, 2020 |
Portfolio | Instrument | Primary Risk Type | Value- Asset Derivatives | Value- Liability Derivatives | Location on Statements of Assets and Liabilities | |||||
Futures contracts | Interest rate | $324,624,389 | $324,444,248 | (1) | ||||||
Purchased options | Equity price | 38,312,879 | — | (2) | ||||||
ON Federated Core Plus Bond(a) | Futures contracts | Interest rate | 12,707,107 | 12,666,909 | (1) |
(a) | Period from May 1, 2020 (inception) to December 31, 2020 |
(1) | Total distributable earnings. The amounts represent the cumulative appreciation (depreciation) of these futures contracts as reported in the Statements of Assets and Liabilities. Only the current day’s variation margin, if any, is reported within the Statements of Assets and Liabilities as receivable (payable) for variation margin on futures contracts. Each Portfolio's Schedule of Open Futures Contracts details the values by futures contract type. |
(2) | Investments in securities of unaffiliated issuers, at value. |
Portfolio | Instrument | Primary Risk Type | Realized Gain (Loss) on Derivatives Recognized in Income | Change in Unrealized Appreciation/ Depreciation on Derivatives Recognized in Income | Location on Statements of Operations | |||||
ON BlackRock Balanced Allocation | Futures contracts | Equity price | $ 2,296,688 | $ 254,124 | (1),(2) | |||||
ON BlackRock Advantage International Equity | Futures contracts | Equity price | 1,703,523 | 89,126 | (1),(2) | |||||
ON S&P 500® Index | Futures contracts | Equity price | 1,836,688 | 75,103 | (1),(2) | |||||
ON BlackRock Advantage Large Cap Value | Futures contracts | Equity price | 1,749,577 | 174,303 | (1),(2) | |||||
ON Nasdaq-100® Index | Futures contracts | Equity price | 809,225 | (70,214) | (1),(2) | |||||
ON BlackRock Advantage Large Cap Core | Futures contracts | Equity price | 2,345,481 | 274,242 | (1),(2) | |||||
ON BlackRock Advantage Small Cap Growth | Futures contracts | Equity price | 1,599,035 | 54,837 | (1),(2) | |||||
ON S&P MidCap 400® Index | Futures contracts | Equity price | 1,361,192 | (18,871) | (1),(2) | |||||
ON BlackRock Advantage Large Cap Growth | Futures contracts | Equity price | 731,552 | 85,421 | (1),(2) | |||||
ON Risk Managed Balanced | Futures contracts | Equity price | 8,932,282 | (5,428) | (1),(2) | |||||
Futures contracts | Interest rate | 16,813,642 | 2,433,095 | (1),(2) | ||||||
Purchased options | Equity price | 6,785,908 | 3,219,431 | (3),(4) | ||||||
ON Federated Core Plus Bond(a) | Futures contracts | Interest rate | (82,032) | 40,198 | (1),(2) |
(a) | Period from May 1, 2020 (inception) to December 31, 2020 |
(1) | Net realized gain (loss) on futures contracts. |
(2) | Change in unrealized appreciation/depreciation on futures contracts. |
(3) | Net realized gain (loss) on investments in securities of unaffiliated issuers. |
(4) | Change in unrealized appreciation/depreciation on investments in securities of unaffiliated issuers. |
Notes to Financial Statements (Continued) | December 31, 2020 |
Portfolio | Undistributed Ordinary Income | Undistributed Long-Term Capital Gains (Losses) | Accumulated Earnings | Accumulated Capital and Other Losses | Unrealized Appreciation (Depreciation)(1) | Total Accumulated Earnings (Deficit) | ||||||
ON Bond | $ 8,269,842 | $ — | $ 8,269,842 | $ — | $ 29,572,524 | $ 37,842,366 | ||||||
ON BlackRock Balanced Allocation | 28,547,104 | 23,167,434 | 51,714,538 | — | 69,463,897 | 121,178,435 | ||||||
ON BlackRock Advantage International Equity | 6,864,821 | — | 6,864,821 | (19,945,882) | 39,045,033 | 25,963,972 | ||||||
ON Janus Henderson Forty | 1,508,225 | 20,952,229 | 22,460,454 | — | 75,701,376 | 98,161,830 | ||||||
ON Janus Henderson Venture | 2,386,079 | 17,015,200 | 19,401,279 | — | 76,045,725 | 95,447,004 | ||||||
ON Janus Henderson Enterprise | 168,045 | 6,214,983 | 6,383,028 | — | 29,830,732 | 36,213,760 | ||||||
ON S&P 500�� Index | 20,361,232 | 69,201,228 | 89,562,460 | — | 392,512,095 | 482,074,555 | ||||||
ON BlackRock Advantage Large Cap Value | 4,887,084 | — | 4,887,084 | (11,417,680) | 23,584,912 | 17,054,316 | ||||||
ON Federated High Income Bond | 8,796,067 | — | 8,796,067 | (8,223,972) | 2,921,886 | 3,493,981 | ||||||
ON Nasdaq-100® Index | 2,559,507 | 68,367,178 | 70,926,685 | — | 161,198,752 | 232,125,437 | ||||||
ON BlackRock Advantage Large Cap Core | 13,372,368 | 28,141,244 | 41,513,612 | — | 60,831,733 | 102,345,345 | ||||||
ON BlackRock Advantage Small Cap Growth | 20,963,801 | 3,761,226 | 24,725,027 | — | 53,954,517 | 78,679,544 | ||||||
ON S&P MidCap 400® Index | 9,707,407 | 1,939,093 | 11,646,500 | — | 68,999,544 | 80,646,044 | ||||||
ON BlackRock Advantage Large Cap Growth | 7,183,012 | 14,549,930 | 21,732,942 | — | 24,741,748 | 46,474,690 | ||||||
ON Risk Managed Balanced | 21,047,336 | 47,935,616 | 68,982,952 | — | 74,034,908 | 143,017,860 | ||||||
ON Federated Core Plus Bond | 2,499,839 | 35,130 | 2,534,969 | — | 7,383,062 | 9,918,031 | ||||||
ON Moderately Conservative Model | 3,246,741 | 4,156,382 | 7,403,123 | — | 25,109,261 | 32,512,384 | ||||||
ON Balanced Model | 9,852,968 | 11,702,939 | 21,555,907 | — | 128,249,215 | 149,805,122 | ||||||
ON Moderate Growth Model | 8,320,370 | 16,615,204 | 24,935,574 | — | 249,121,015 | 274,056,589 | ||||||
ON Growth Model | 1,118,442 | 3,981,321 | 5,099,763 | — | 63,182,048 | 68,281,811 |
(1) | The differences between book-basis and tax-basis unrealized appreciation/(depreciation) are attributed primarily to tax deferral of losses on wash sales and the realization for tax purposes of unrealized gains/(losses) on certain instruments. |
Notes to Financial Statements (Continued) | December 31, 2020 |
Portfolio | Total Loss Carryforward | No Expiration Short Term | No Expiration Long Term | |||
ON BlackRock Advantage International Equity | $19,945,882 | $6,507,823 | $13,438,059 | |||
ON BlackRock Advantage Large Cap Value | 11,417,680 | 6,075,858 | 5,341,822 | |||
ON Federated High Income Bond | 8,223,972 | — | 8,223,972 |
ON Bond | ON BlackRock Balanced Allocation | ON BlackRock Advantage International Equity | ON Janus Henderson Forty | ON Janus Henderson Venture | ON Janus Henderson Enterprise | ||||||
Gross unrealized: | |||||||||||
Appreciation | $ 29,927,084 | $ 72,190,352 | $ 48,370,333 | $ 75,721,483 | $ 79,008,344 | $30,712,041 | |||||
Depreciation | (354,560) | (2,726,455) | (9,401,227) | (20,107) | (2,963,222) | (881,512) | |||||
Net unrealized appreciation | $ 29,572,524 | $ 69,463,897 | $ 38,969,106 | $ 75,701,376 | $ 76,045,122 | $29,830,529 | |||||
Aggregate cost of investments: | $255,121,081 | $463,265,220 | $472,978,758 | $127,794,402 | $108,142,744 | $80,578,323 |
ON S&P 500® Index | ON BlackRock Advantage Large Cap Value | ON Federated High Income Bond | ON Nasdaq-100® Index | ON BlackRock Advantage Large Cap Core | ON BlackRock Advantage Small Cap Growth | ||||||
Gross unrealized: | |||||||||||
Appreciation | $444,183,952 | $ 27,812,862 | $ 8,838,068 | $164,433,008 | $ 63,646,058 | $ 59,802,576 | |||||
Depreciation | (51,671,857) | (4,250,715) | (5,916,182) | (3,234,256) | (2,814,325) | (5,848,059) | |||||
Net unrealized appreciation | $392,512,095 | $ 23,562,147 | $ 2,921,886 | $161,198,752 | $ 60,831,733 | $ 53,954,517 | |||||
Aggregate cost of investments: | $843,013,398 | $295,785,487 | $167,229,830 | $223,958,102 | $357,950,534 | $163,105,551 |
ON S&P MidCap 400® Index | ON BlackRock Advantage Large Cap Growth | ON Risk Managed Balanced | ON Federated Core Plus Bond | ON Moderately Conservative Model | ON Balanced Model | ||||||
Gross unrealized: | |||||||||||
Appreciation | $ 83,344,735 | $25,577,331 | $ 82,151,042 | $ 7,918,442 | $ 30,390,465 | $129,002,963 | |||||
Depreciation | (14,345,191) | (835,583) | (8,116,134) | (535,380) | (5,281,204) | (753,748) | |||||
Net unrealized appreciation | $ 68,999,544 | $24,741,748 | $ 74,034,908 | $ 7,383,062 | $ 25,109,261 | $128,249,215 | |||||
Aggregate cost of investments: | $368,929,123 | $92,524,322 | $369,585,194 | $218,004,852 | $278,523,212 | $999,910,474 |
ON Moderate Growth Model | ON Growth Model | ||
Gross unrealized: | |||
Appreciation | $ 250,600,807 | $ 63,405,205 | |
Depreciation | (1,479,792) | (223,157) | |
Net unrealized appreciation | $ 249,121,015 | $ 63,182,048 | |
Aggregate cost of investments: | $1,739,071,156 | $380,082,334 |
Notes to Financial Statements (Continued) | December 31, 2020 |
Distributions Paid to Shareholders | Other Reclassifications | |||||||||
Portfolio | Ordinary Income* | Net Long-Term Capital Gains | Total Distribution | Paid-in Capital | Total Distributable Earnings | |||||
ON Bond | $1,955,669 | $ — | $ 1,955,669 | $ — | $ — | |||||
ON BlackRock Balanced Allocation | 2,086,234 | 1,370,305 | 3,456,539 | (140,880) | 140,880 | |||||
ON International Equity | 2,738,370 | — | 2,738,370 | — | — | |||||
ON Janus Henderson Forty | 678,796 | 3,725,197 | 4,403,993 | — | — | |||||
ON Janus Henderson Venture | 204,449 | 3,114,912 | 3,319,361 | 661,684 | (661,684) | |||||
ON Janus Henderson Enterprise | 88,075 | 1,358,817 | 1,446,892 | — | — | |||||
ON S&P 500® Index | 4,642,562 | 11,903,170 | 16,545,732 | — | — | |||||
ON BlackRock Advantage Large Cap Value | 3,489,277 | 1,126,992 | 4,616,269 | 1 | (1) | |||||
ON Federated High Income Bond | 2,647,672 | — | 2,647,672 | — | — | |||||
ON Nasdaq-100® Index | 848,167 | 16,178,839 | 17,027,006 | — | — | |||||
ON BlackRock Advantage Large Cap Core | 742,987 | — | 742,987 | (106,694) | 106,694 | |||||
ON BlackRock Advantage Small Cap Growth | 450,002 | 1,854,464 | 2,304,466 | (115,925) | 115,925 | |||||
ON S&P MidCap 400® Index | 618,961 | 1,451,360 | 2,070,321 | — | — | |||||
ON BlackRock Advantage Large Cap Growth | 844,312 | 735,179 | 1,579,491 | (16) | 16 | |||||
ON Risk Managed Balanced | 5,216,897 | 5,421,190 | 10,638,087 | (8) | 8 | |||||
ON Federated Core Plus Bond | — | — | — | — | — | |||||
ON Moderately Conservative Model | — | — | — | — | — | |||||
ON Balanced Model | — | — | — | — | — | |||||
ON Moderate Growth Model | — | — | — | — | — | |||||
ON Growth Model | — | — | — | (1) | 1 |
Distribution Paid to Shareholders | Other Reclassifications | |||||||||||
Portfolio | Ordinary Income* | Net Long-Term Capital Gains | Return of Capital | Total Distribution | Paid-in Capital | Total Distributable Earnings | ||||||
ON Bond | $ 6,277,707 | $ — | $ — | $ 6,277,707 | $ — | $ — | ||||||
ON BlackRock Balanced Allocation | 6,815,224 | 18,685,100 | — | 25,500,324 | 18,456 | (18,456) | ||||||
ON BlackRock Advantage International Equity | 7,735,538 | — | — | 7,735,538 | — | — | ||||||
ON Janus Henderson Forty | 2,367,096 | 12,752,778 | — | 15,119,874 | — | — | ||||||
ON Janus Henderson Venture | — | 24,504,430 | — | 24,504,430 | (901,568) | 901,568 | ||||||
ON Janus Henderson Enterprise | 1,701,176 | 3,539,176 | — | 5,240,352 | (56,498) | 56,498 | ||||||
ON S&P 500® Index | 14,733,534 | 97,334,869 | — | 112,068,403 | (188,480) | 188,480 | ||||||
ON BlackRock Advantage Large Cap Value | 10,971,267 | 1,527,359 | — | 12,498,626 | (200,003) | 200,003 | ||||||
ON Federated High Income Bond | 8,186,705 | — | — | 8,186,705 | — | — | ||||||
ON Nasdaq-100® Index | 2,467,600 | 45,052,041 | — | 47,519,641 | — | — | ||||||
ON BlackRock Advantage Large Cap Core | 2,159,153 | — | — | 2,159,153 | 70,206 | (70,206) | ||||||
ON BlackRock Advantage Small Cap Growth | 106,912 | 1,476,594 | — | 1,583,506 | (6,819) | 6,819 | ||||||
ON S&P MidCap 400® Index | 3,723,816 | — | — | 3,723,816 | 36,480 | (36,480) | ||||||
ON BlackRock Advantage Large Cap Growth | 2,758,764 | 1,161,569 | — | 3,920,333 | 40,457 | (40,457) | ||||||
ON Risk Managed Balanced | 12,461,989 | 20,640,034 | — | 33,102,023 | 80,056 | (80,056) | ||||||
ON Moderately Conservative Model | 5,584,882 | 1,520,105 | 372,215 | 7,477,202 | (88,549) | 88,549 | ||||||
ON Balanced Model | 22,640,298 | — | 17,493,344 | 40,133,642 | (536,385) | 536,385 | ||||||
ON Moderate Growth Model | 30,710,276 | 17,318,243 | 57,954,547 | 105,983,066 | (222,867) | 222,867 | ||||||
ON Growth Model | 4,842,419 | 7,371,114 | 6,226,565 | 18,440,098 | (51,191) | 51,191 |
Notes to Financial Statements (Continued) | December 31, 2020 |
Report of Independent Registered Public Accounting Firm |
Ohio National Fund, Inc.:
Report of Independent Registered Public Accounting Firm (Continued) |
Additional Information | December 31, 2020 (Unaudited) |
Additional Information (Continued) | December 31, 2020 (Unaudited) |
Additional Information (Continued) | December 31, 2020 (Unaudited) |
Additional Information (Continued) | December 31, 2020 (Unaudited) |
Additional Information (Continued) | December 31, 2020 (Unaudited) |
Additional Information (Continued) | December 31, 2020 (Unaudited) |
Portfolio | Beginning Investment Value 7/1/2020 | Ending Investment Value 12/31/2020 | Expenses Paid During Period* 7/1/2020 – 12/31/2020 | Expense Ratio During Period 7/1/2020 – 12/31/2020 (Annualized) | ||||
ON Bond | $1,000.00 | $1,054.50 | $3.05 | 0.59% | ||||
ON BlackRock Balanced Allocation | $1,000.00 | $1,158.10 | $2.98 | 0.55% |
Additional Information (Continued) | December 31, 2020 (Unaudited) |
Portfolio | Beginning Investment Value 7/1/2020 | Ending Investment Value 12/31/2020 | Expenses Paid During Period* 7/1/2020 – 12/31/2020 | Expense Ratio During Period 7/1/2020 – 12/31/2020 (Annualized) | ||||
ON BlackRock Advantage International Equity | $1,000.00 | $1,211.00 | $5.11 | 0.92% | ||||
ON Janus Henderson Forty | $1,000.00 | $1,255.80 | $4.42 | 0.78% | ||||
ON Janus Henderson Venture | $1,000.00 | $1,393.80 | $5.36 | 0.89% | ||||
ON Janus Henderson Enterprise | $1,000.00 | $1,299.10 | $5.66 | 0.98% | ||||
ON S&P 500® Index | $1,000.00 | $1,219.50 | $2.12 | 0.38% | ||||
ON BlackRock Advantage Large Cap Value | $1,000.00 | $1,216.30 | $4.12 | 0.74% | ||||
ON Federated High Income Bond | $1,000.00 | $1,104.20 | $4.39 | 0.83% | ||||
ON Nasdaq-100® Index | $1,000.00 | $1,271.10 | $2.40 | 0.42% | ||||
ON BlackRock Advantage Large Cap Core | $1,000.00 | $1,208.80 | $3.89 | 0.70% | ||||
ON BlackRock Advantage Small Cap Growth | $1,000.00 | $1,392.60 | $5.17 | 0.86% | ||||
ON S&P MidCap 400® Index | $1,000.00 | $1,300.90 | $2.49 | 0.43% | ||||
ON BlackRock Advantage Large Cap Growth | $1,000.00 | $1,236.80 | $4.39 | 0.78% | ||||
ON Risk Managed Balanced | $1,000.00 | $1,145.70 | $5.23 | 0.97% | ||||
ON Federated Core Plus Bond | $1,000.00 | $1,028.50 | $3.31 | 0.65% | ||||
ON Moderately Conservative Model | $1,000.00 | $1,119.30 | $2.13 | 0.40% | ||||
ON Balanced Model | $1,000.00 | $1,168.20 | $2.13 | 0.39% | ||||
ON Moderate Growth Model | $1,000.00 | $1,211.50 | $2.50 | 0.45% | ||||
ON Growth Model | $1,000.00 | $1,251.80 | $2.66 | 0.47% |
Portfolio | Beginning Investment Value 7/1/2020 | Ending Investment Value 12/31/2020 | Expenses Paid During Period* 7/1/2020 – 12/31/2020 | Expense Ratio During Period 7/1/2020 – 12/31/2020 (Annualized) | ||||
ON Bond | $1,000.00 | $1,022.17 | $3.00 | 0.59% | ||||
ON BlackRock Balanced Allocation | $1,000.00 | $1,022.37 | $2.80 | 0.55% | ||||
ON BlackRock Advantage International Equity | $1,000.00 | $1,020.51 | $4.67 | 0.92% | ||||
ON Janus Henderson Forty | $1,000.00 | $1,021.22 | $3.96 | 0.78% | ||||
ON Janus Henderson Venture | $1,000.00 | $1,020.66 | $4.52 | 0.89% | ||||
ON Janus Henderson Enterprise | $1,000.00 | $1,020.21 | $4.98 | 0.98% | ||||
ON S&P 500® Index | $1,000.00 | $1,023.23 | $1.93 | 0.38% | ||||
ON BlackRock Advantage Large Cap Value | $1,000.00 | $1,021.42 | $3.76 | 0.74% | ||||
ON Federated High Income Bond | $1,000.00 | $1,020.96 | $4.22 | 0.83% | ||||
ON Nasdaq-100® Index | $1,000.00 | $1,023.03 | $2.14 | 0.42% | ||||
ON BlackRock Advantage Large Cap Core | $1,000.00 | $1,021.62 | $3.56 | 0.70% | ||||
ON BlackRock Advantage Small Cap Growth | $1,000.00 | $1,020.81 | $4.37 | 0.86% | ||||
ON S&P MidCap 400® Index | $1,000.00 | $1,022.97 | $2.19 | 0.43% | ||||
ON BlackRock Advantage Large Cap Growth | $1,000.00 | $1,021.22 | $3.96 | 0.78% | ||||
ON Risk Managed Balanced | $1,000.00 | $1,020.26 | $4.93 | 0.97% | ||||
ON Federated Core Plus Bond | $1,000.00 | $1,021.87 | $3.30 | 0.65% | ||||
ON Moderately Conservative Model | $1,000.00 | $1,023.13 | $2.03 | 0.40% | ||||
ON Balanced Model | $1,000.00 | $1,023.18 | $1.98 | 0.39% | ||||
ON Moderate Growth Model | $1,000.00 | $1,022.87 | $2.29 | 0.45% | ||||
ON Growth Model | $1,000.00 | $1,022.77 | $2.39 | 0.47% |
* | Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days in the most recent fiscal half-year |
Additional Information (Continued) | December 31, 2020 (Unaudited) |
(184 days) divided by the number of days in the fiscal year (366 days). Please note that the expenses shown in these tables are meant to highlight ongoing Fund costs only and do not reflect any contract-level expenses or Fund transactional costs, such as sales charges (loads) or exchange fees (if any). Therefore, these tables are useful in comparing ongoing fund costs only, and will not fully assist a policy/contract owner in determining the relative total expenses of different funds. In addition, if transactional costs were included, costs may have been higher for these Portfolios as well as for a fund being compared. |
ON Bond | 0.00% |
ON BlackRock Balanced Allocation | 36.61% |
ON BlackRock Advantage International Equity | 0.00% |
ON Janus Henderson Forty | 41.69% |
ON Janus Henderson Venture | 100.00% |
ON Janus Henderson Enterprise | 34.66% |
ON S&P 500® Index | 100.00% |
ON BlackRock Advantage Large Cap Value | 64.21% |
ON Federated High Income Bond | 0.00% |
ON Nasdaq-100® Index | 100.00% |
ON BlackRock Advantage Large Cap Core | 100.00% |
ON BlackRock Advantage Small Cap Growth | 100.00% |
ON S&P MidCap 400® Index | 100.00% |
ON BlackRock Advantage Large Cap Growth | 36.35% |
ON Risk Managed Balanced | 18.14% |
ON Federated Core Plus Bond | 0.00% |
ON Moderately Conservative Model | 12.60% |
ON Balanced Model | 22.87% |
ON Moderate Growth Model | 68.57% |
ON Growth Model | 100.00% |
Creditable Foreign Taxes Paid | Per Share Amount | Portion of Ordinary Income Distribution Derived from Foreign Sourced Income | |||
ON BlackRock Advantage International Equity | $1,148,848 | $0.0354 | 100.00% | ||
ON Moderately Conservative Model | $ 44,000 | $0.0018 | 6.44% | ||
ON Balanced Model | $ 456,915 | $0.0053 | 16.08% | ||
ON Moderate Growth Model | $ 910,539 | $0.0062 | 26.35% | ||
ON Growth Model | $ 275,900 | $0.0088 | 33.69% |
Election of Director - Christopher A. Carlson | Election of Director - Lawrence L. Grypp | Election of Director - Geoffrey Keenan | |||||||||
Shares voted for | 420,411,800 | 77.6% | 419,209,687 | 77.3% | 420,884,759 | 77.6% | |||||
Shares voted against | 10,109,627 | 1.9% | 11,311,740 | 2.1% | 9,636,668 | 1.8% | |||||
Shares abstaining | 111,404,487 | 20.5% | 111,404,487 | 20.6% | 111,404,487 | 20.6% | |||||
Shares not voted | 184,646 | 0.0% | 184,646 | 0.0% | 184,646 | 0.0% | |||||
Total shares on record date | 542,110,560 | 100.0% | 542,110,560 | 100.0% | 542,110,560 | 100.0% |
Additional Information (Continued) | December 31, 2020 (Unaudited) |
Information about Directors and Officers | December 31, 2020 (Unaudited) |
Name and Address | Age | Position(s) with the Fund | Term of Office and Length of Time Served | Number of Portfolios in the Fund to be Overseen by Director | Principal Occupation(s) During Past Five Years and Other Directorships | |||||
Independent Directors | ||||||||||
George M. Vredeveld One Financial Way Cincinnati, Ohio | 78 | Director, Member of Audit and Independent Directors Committees | Indefinite; Since March 1996 | 20 | Professor Emeritus, Finance: University of Cincinnati (January 2014 - Present); Honorary Consul; Republic of Bulgaria (2019 - Present); Alpaugh Professor of Economics: Lindner College of Business, University of Cincinnati (2004 - 2013); Founder/President: Economics Center at the University of Cincinnati (1977 - 2012). | |||||
Madeleine W. Ludlow One Financial Way Cincinnati, Ohio | 66 | Director, Chairman of Audit Committee and Member of Independent Directors Committee | Indefinite; Since April 2012 | 20 | Founder/Managing Director: West Capital Partners LLC (2010 - Present), General Partner: H Ventures LLC (2020 - Present); Director: ALLETE, Inc. | |||||
Geoffrey Keenan One Financial Way Cincinnati, Ohio | 62 | Chairman and Director, Member of Audit and Independent Directors Committees | Indefinite; Since January 2015 | 20 | Executive Vice President and Chief Operating Officer: Gateway Investment Advisers, LLC (1995 - 2013). | |||||
Lawrence L. Grypp One Financial Way Cincinnati, Ohio | 72 | Director, Member of Audit and Independent Directors Committees | Indefinite; Since December 2016 | 20 | Senior Business Advisor and Board Member: Goering Center for Family and Private Business (January 2018 - Present); President: Goering Center for Family and Private Business (August 2008 - December 2017). | |||||
Interested Director | ||||||||||
Christopher A. Carlson One Financial Way Cincinnati, Ohio | 61 | Director | Indefinite; Since July 2020 | 20 | President/Vice Chairman and other positions: Ohio National Financial Services and subsidiaries (June 1993 - December 2018); President: Ohio National Fund, Inc. (March 2010 - May 2016). | |||||
Officers | ||||||||||
Michael J. DeWeirdt One Financial Way Cincinnati, Ohio | 61 | President | Indefinite; Since March 2017 | Senior Vice President and Chief of Investment Strategies: ONLIC (December 2020 - Present); Senior Vice President and Chief Product Officer: ONLIC (September 2018 - December 2020); President: NSLAC (May 2016 - Present); Senior Vice President and Head of Annuities SBU: ONLIC (January 2016 - September 2018). | ||||||
Paul J. Gerard One Financial Way Cincinnati, Ohio | 61 | Vice President | Indefinite; Since March 2016 | Senior Vice President and Chief Investment Officer: ONLIC and NSLA (January 2016 - Present). | ||||||
R. Todd Brockman One Financial Way Cincinnati, Ohio | 52 | Treasurer | Indefinite; Since August 2004 | Vice President, Mutual Fund Operations: ONLIC and NSLA (February 2014 - Present); Treasurer: ONI. |
Information about Directors and Officers (Continued) | December 31, 2020 (Unaudited) |
Name and Address | Age | Position(s) with the Fund | Term of Office and Length of Time Served | Number of Portfolios in the Fund to be Overseen by Director | Principal Occupation(s) During Past Five Years and Other Directorships | |||||
Kimberly A. Plante One Financial Way Cincinnati, Ohio | 46 | Secretary | Indefinite; Since March 2005 | Vice President and Counsel: ONLIC (November 2017 - Present); Second Vice President and Counsel: ONLIC (January 2016 - November 2017); Senior Associate Counsel: ONLIC (January 2011 - January 2016); Secretary: ONI; Officer of various other Ohio National-affiliated companies. | ||||||
Keith Dwyer One Financial Way Cincinnati, Ohio | 48 | Chief Compliance Officer | Indefinite; Since August 2016 | Second Vice President, Fund Compliance: ONLIC (August 2016 - Present); Director, Fund Compliance: ONLIC (January 2015 - August 2016); Administrator, Fund Compliance: ONLIC (January 2014 - January 2015); Chief Compliance Officer: ONI and other Ohio National-affiliated companies (August 2016 - present); Chief Compliance Officer: Fiduciary Capital Management ("FCM") (August 2016 - December 2017); Chief Compliance Officer: Suffolk Capital Management, LLC ("Suffolk") (August 2016 - December 2016); Interim Chief Compliance Officer: ONI, Suffolk, FCM and other Ohio National-affiliated companies (November 2015 - August 2016). | ||||||
Daniel P. Leming One Financial Way Cincinnati, Ohio | 35 | Assistant Treasurer | Indefinite; Since March 2016 | Assistant Vice President; Mutual Fund Operations: ONLIC (December 2020 - Present); Director, Fund Operations and Analysis: ONLIC (July 2018 - December 2020); Assistant Director, Fund Operations and Analysis: ONLIC (December 2016 - June 2018); Manager, Fund Operations and Analysis: ONLIC (February 2016 - December 2016); Sr. Mutual Fund Reporting & Operations Analyst: ONLIC (May 2012 - February 2016). |
(b) Not applicable. | ||
Item 2. | Code Of Ethics. | |
As of the end of the period covered by this report, Ohio National Fund, Inc. (the “Fund”) has adopted a code of ethics that applies to the Fund’s principal executive officer and principal financial officer. There were no substantive amendments or waivers to the Code of Ethics during the period covered by this report. | ||
A copy of this Code of Ethics is filed as Exhibit EX-99.CODE to this Form N-CSR and is also available, without charge, uponrequest, by calling 877-781-6392 toll free. | ||
Item 3. | Audit Committee Financial Expert. | |
The Fund’s Board of Directors has determined that the Fund has an audit committee financial expert serving on its Audit Committee. The Audit Committee financial expert is Madeleine W. Ludlow, who is independent for purposes of Item 3 of Form N-CSR. | ||
Item 4. | Principal Accountant Fees And Services. | |
The aggregate fees for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of the Fund’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years are listed below. |
(a) | Audit Fees. | |||||
Audits of the Portfolios: |
Fiscal year ended December 31, 2020: | $ | 307,500 | ||||
Fiscal year ended December 31, 2019: | $ | 340,089 |
(b) | Audit-Related Fees. | |||
Consent(s) on N-1A Annual Registration Statement(s) filed with the SEC: |
Fiscal year ended December 31, 2020: | $ | 13,000 | ||||
Fiscal year ended December 31, 2019: | $ | 8,000 |
(c) | Tax Fees. |
Fiscal year ended December 31, 2020: | $ | 122,328 | ||||
Fiscal year ended December 31, 2019: | $ | 153,850 |
(d) | All Other Fees. None. | |||
(e)(1) | Audit Committee Pre-Approval Policies and Procedures: | |||
The Fund’s Audit Committee has adopted an Audit Committee Charter that requires that the Audit Committee oversee the quality and appropriateness of the accounting methods used in the preparation of the Fund’s financial statements, and the independent audit thereof; approve the selection and compensation of the independent auditors; and pre-approve the performance, by the independent auditors, of non-audit services for the Fund, its investment adviser, or any affiliated entity controlling, controlled by or under common control with the investment adviser that provides ongoing services to the Fund. | ||||
(e)(2) | Services Approved Pursuant to Paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X: |
During the fiscal years ended December 31, 2020 and 2019, there were no non-audit services provided by the Fund’s principal accountant that would have required pre-approval by the Fund’s Audit Committee. The audit-related fees aforementioned were pre-approved by the Fund’s Audit Committee, although not required by paragraph (c) (7) (ii) of Regulation S-X, as the audit-related fees were less than five percent of the total amount of revenues paid to the Fund’s principal accountant. | ||||
(f) | Not Applicable. | |||
(g) | There were no non-audit services provided by the Fund’s principal accountant, other than items disclosed in item (b) above, in which a fee was billed to the Fund, the Fund’s adviser, and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for the last two fiscal years. | |||
(h) | Not applicable, as there were no non-audit services performed by the Fund’s principal accountant that were rendered to the Fund, the Fund’s adviser, or any entity controlling, controlled by, or under common control with the adviser that provided ongoing services to the registrant that were not pre-approved for the last two fiscal years. |
Item 5. | Audit Committee Of Listed Registrants. | |
Not Applicable. | ||
Item 6. | Investments. | |
Not Applicable. | ||
Item 7. | Disclosure Of Proxy Voting Policies And Procedures For Closed-End Management Investment Companies. | |
Not Applicable. | ||
Item 8. | Portfolio Managers of Closed-End Management Investment Companies. | |
Not Applicable. | ||
Item 9. | Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers. | |
Not Applicable. | ||
Item 10. | Submission of Matters to a Vote of Security Holders. | |
There were no material changes to the procedures by which shareholders may recommend nominees to the Fund’s Board of Directors. | ||
Item 11. | Controls and Procedures. |
(a) | The Fund’s principal executive officer and principal financial officer have concluded, based on their evaluation conducted as of a date within 90 days of the filing of this report, that the Fund’s disclosure controls and procedures are adequately designed and are operating effectively to ensure (i) that material information relating to the Fund, including its consolidated subsidiaries, is made known to them by others within those entities, particularly during the period in which this report is being prepared; and (ii) that information required to be disclosed by the Fund on Form N-CSR is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms. | |||
(b) | There were no changes in the Fund’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Fund’s internal control over financial reporting. |
Item 12. | Disclosure of Securities Lending Activities for Closed-End Management Investment Companies. | |
Not Applicable. | ||
Item 13. | Exhibits. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Ohio National Fund, Inc.
By: | /s/ Michael J. DeWeirdt | |
Michael J. DeWeirdt | ||
President | ||
(Principal Executive Officer) | ||
March 1, 2021 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Ohio National Fund, Inc.
By | /s/ Michael J. DeWeirdt | |
Michael J. DeWeirdt | ||
President | ||
(Principal Executive Officer) | ||
March 1, 2021 | ||
By: | /s/ R. Todd Brockman | |
R. Todd Brockman | ||
Treasurer | ||
(Principal Financial Officer) | ||
March 1, 2021 |