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, 2021
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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Index | 12/31/21 YTD U.S. Dollar Total Return (price and dividend) | |
S&P 500® | +28.7% | |
Russell 1000® Growth | +27.6% | |
Russell 1000® Value | +25.2% | |
S&P MidCap 400® | +24.8% | |
Russell 2000® | +14.8% | |
MSCI All Country World Ex-USA (Net) | +7.8% | |
MSCI Emerging Market (Net) | -2.5% |
Index | 12/31/21 YTD U.S. Dollar Total Return (price and interest) | |
Bloomberg U.S. Aggregate Bond Index | -1.5% | |
Bloomberg U.S. Treasury Index | -2.3% | |
Bloomberg U.S. Securitized MBS/ABS/CMBS Index | -1.0% | |
Bloomberg U.S. Corporate Bond Index | -1.0% | |
Bloomberg U.S. Corporate High Yield Bond Index | +5.3% |
Ohio National Fund, Inc. | ON Bond Portfolio (Unaudited) |
Average Annual returns | |
One year | -1.52% |
Five years | 4.97% |
Ten years | 4.14% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2021. |
Ohio National Fund, Inc. | ON Bond Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2021 (1) | |
% of Net Assets | |
Corporate Bonds (4) | 93.4 |
Asset-Backed Securities (4) | 2.6 |
U.S. Treasury Obligations | 0.4 |
Money Market Funds and Other Net Assets | 3.6 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2021 (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 | 1.6 |
3. | AbbVie, Inc. 4.250%, 11/21/2049 | 1.3 |
4. | Ares Capital Corp. 3.200%, 11/15/2031 | 1.2 |
5. | RPM International, Inc. 4.250%, 01/15/2048 | 1.2 |
6. | Kinross Gold Corp. 4.500%, 07/15/2027 | 1.2 |
7. | Mosaic Co. / The 4.050%, 11/15/2027 | 1.2 |
8. | Hasbro, Inc. 3.900%, 11/19/2029 | 1.2 |
9. | Keurig Dr Pepper, Inc. 3.430%, 06/15/2027 | 1.2 |
10. | Comcast Corp. 3.250%, 11/01/2039 | 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 (Corporate Bonds, Asset-Backed Securities): |
% of Net Assets | |
Financials | 25.1 |
Industrials | 11.8 |
Consumer Staples | 10.8 |
Energy | 9.4 |
Utilities | 8.0 |
Consumer Discretionary | 7.6 |
Materials | 7.3 |
Communication Services | 6.7 |
Health Care | 3.9 |
Real Estate | 3.4 |
Information Technology | 2.0 |
96.0 |
Ohio National Fund, Inc. | ON Bond Portfolio |
Schedule of Investments | December 31, 2021 |
Corporate Bonds–93.4% | Rate | Maturity | Face Amount | Value | |
Communication Services–6.7% | |||||
AT&T, Inc. (Diversified Telecom. Svs.) | 4.900% | 08/15/2037 | $1,000,000 | $ 1,208,349 | |
Charter Communications Operating LLC / Charter Communications Operating Capital (Media) | 3.700% | 04/01/2051 | 2,800,000 | 2,707,003 | |
Comcast Corp. (Media) | 3.250% | 11/01/2039 | 3,000,000 | 3,165,124 | |
Lamar Media Corp. (Media) | 4.875% | 01/15/2029 | 1,200,000 | 1,252,500 | |
Rogers Communications, Inc. (Wireless Telecom. Svs.) | 3.700% | 11/15/2049 | 2,100,000 | 2,204,174 | |
Time Warner Cable LLC (Media) | 6.550% | 05/01/2037 | 850,000 | 1,112,030 | |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | 3.875% | 04/15/2030 | 1,800,000 | 1,968,756 | |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 4.500% | 08/10/2033 | 1,000,000 | 1,175,651 | |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 4.400% | 11/01/2034 | 1,500,000 | 1,747,185 | |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 2.875% | 11/20/2050 | 1,000,000 | 948,887 | |
Walt Disney Co. / The (Entertainment) | 3.600% | 01/13/2051 | 1,000,000 | 1,130,867 | |
18,620,526 | |||||
Consumer Discretionary–7.6% | |||||
Amazon.com, Inc. (Internet & Direct Marketing Retail) | 3.875% | 08/22/2037 | 1,000,000 | 1,175,334 | |
Aptiv PLC (Auto Components) | 4.350% | 03/15/2029 | 1,000,000 | 1,133,540 | |
Best Buy Co., Inc. (Specialty Retail) | 1.950% | 10/01/2030 | 3,000,000 | 2,878,146 | |
Expedia Group, Inc. (Hotels, Restaurants & Leisure) | 4.625% | 08/01/2027 | 1,000,000 | 1,113,569 | |
Hasbro, Inc. (Leisure Products) | 3.900% | 11/19/2029 | 3,000,000 | 3,307,609 | |
Home Depot, Inc. / The (Specialty Retail) | 2.375% | 03/15/2051 | 2,000,000 | 1,837,258 | |
Lear Corp. (Auto Components) | 4.250% | 05/15/2029 | 4,000,000 | 4,405,976 | |
Lowe's Cos., Inc. (Specialty Retail) | 3.000% | 10/15/2050 | 2,000,000 | 1,972,397 | |
M.D.C. Holdings, Inc. (Household Durables) | 3.850% | 01/15/2030 | 2,000,000 | 2,129,354 | |
Magna International, Inc. (Auto Components) | 3.625% | 06/15/2024 | 1,000,000 | 1,051,736 | |
21,004,919 | |||||
Consumer Staples–10.8% | |||||
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 4.700% | 02/01/2036 | 2,000,000 | 2,413,620 | |
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 4.900% | 02/01/2046 | 1,000,000 | 1,263,935 | |
Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 4.600% | 04/15/2048 | 2,000,000 | 2,445,679 | |
B.A.T. Capital Corp. (Tobacco) | 3.215% | 09/06/2026 | 1,000,000 | 1,040,640 | |
B.A.T. Capital Corp. (Tobacco) | 4.700% | 04/02/2027 | 2,000,000 | 2,200,096 | |
Campbell Soup Co. (Food Products) | 4.150% | 03/15/2028 | 4,000,000 | 4,442,131 | |
Coca-Cola Co. / The (Beverages) | 3.000% | 03/05/2051 | 1,000,000 | 1,058,308 | |
Coca-Cola Co. / The (Beverages) | 2.500% | 03/15/2051 | 1,000,000 | 959,566 | |
Costco Wholesale Corp. (Food & Staples Retailing) | 1.750% | 04/20/2032 | 1,200,000 | 1,165,874 | |
Hershey Co. / The (Food Products) | 1.700% | 06/01/2030 | 1,800,000 | 1,761,252 | |
Keurig Dr Pepper, Inc. (Beverages) | 3.430% | 06/15/2027 | 3,000,000 | 3,208,791 | |
Kimberly-Clark Corp. (Household Products) | 1.050% | 09/15/2027 | 2,000,000 | 1,937,345 | |
Kraft Heinz Foods Co. (Food Products) | 4.625% | 10/01/2039 | 1,200,000 | 1,409,380 | |
Philip Morris International, Inc. (Tobacco) | 3.375% | 08/15/2029 | 2,500,000 | 2,693,729 | |
Smithfield Foods, Inc. (Food Products) | (a) | 3.000% | 10/15/2030 | 2,000,000 | 1,991,804 |
29,992,150 | |||||
Energy–9.4% | |||||
Baker Hughes Holdings LLC / Baker Hughes Co-Obligor, Inc. (Energy Equip. & Svs.) | 4.080% | 12/15/2047 | 2,000,000 | 2,272,776 | |
BP Capital Markets America, Inc. (Oil, Gas & Consumable Fuels) | 3.017% | 01/16/2027 | 1,000,000 | 1,055,584 | |
BP Capital Markets America, Inc. (Oil, Gas & Consumable Fuels) | 1.749% | 08/10/2030 | 1,000,000 | 961,601 | |
Chevron Corp. (Oil, Gas & Consumable Fuels) | 2.895% | 03/03/2024 | 900,000 | 934,814 | |
Chevron Corp. (Oil, Gas & Consumable Fuels) | 2.236% | 05/11/2030 | 1,800,000 | 1,820,622 | |
ConocoPhillips (Oil, Gas & Consumable Fuels) | (a) | 3.750% | 10/01/2027 | 2,000,000 | 2,192,385 |
ConocoPhillips (Oil, Gas & Consumable Fuels) | (a) | 2.400% | 02/15/2031 | 1,800,000 | 1,805,722 |
Energy Transfer LP (Oil, Gas & Consumable Fuels) | 4.950% | 06/15/2028 | 2,000,000 | 2,249,800 | |
Exxon Mobil Corp. (Oil, Gas & Consumable Fuels) | 4.114% | 03/01/2046 | 900,000 | 1,050,213 | |
Halliburton Co. (Energy Equip. & Svs.) | 4.850% | 11/15/2035 | 1,000,000 | 1,175,269 | |
Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels) | 5.300% | 12/01/2034 | 1,000,000 | 1,203,397 | |
Marathon Petroleum Corp. (Oil, Gas & Consumable Fuels) | 4.750% | 09/15/2044 | 1,000,000 | 1,176,809 | |
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 5.850% | 01/15/2026 | 1,200,000 | 1,376,074 | |
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 6.000% | 06/15/2035 | 1,000,000 | 1,234,483 | |
Shell International Finance B.V. (Oil, Gas & Consumable Fuels) | 4.000% | 05/10/2046 | 1,000,000 | 1,162,877 | |
Tennessee Gas Pipeline Co. LLC (Oil, Gas & Consumable Fuels) | (a) | 2.900% | 03/01/2030 | 1,000,000 | 1,015,746 |
Texas Eastern Transmission LP (Oil, Gas & Consumable Fuels) | (a) | 4.150% | 01/15/2048 | 1,000,000 | 1,124,324 |
Williams Cos., Inc. / The (Oil, Gas & Consumable Fuels) | 3.750% | 06/15/2027 | 1,000,000 | 1,079,578 | |
Williams Cos., Inc. / The (Oil, Gas & Consumable Fuels) | 5.400% | 03/04/2044 | 1,000,000 | 1,241,369 | |
26,133,443 | |||||
Financials–25.1% | |||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Diversified Financial Svs.) | 3.300% | 01/23/2023 | 2,000,000 | 2,042,071 | |
AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Diversified Financial Svs.) | 3.300% | 01/30/2032 | 1,500,000 | 1,528,158 |
Ohio National Fund, Inc. | ON Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Financials (continued) | |||||
American International Group, Inc. (Insurance) | 3.875% | 01/15/2035 | $2,500,000 | $ 2,764,003 | |
Ares Capital Corp. (Capital Markets) | 3.200% | 11/15/2031 | 3,500,000 | 3,441,138 | |
Bank of America Corp. (Banks) | 3.875% | 08/01/2025 | 1,000,000 | 1,083,909 | |
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 | 1,173,337 |
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 | 3,003,267 |
Berkshire Hathaway, Inc. (Diversified Financial Svs.) | 3.125% | 03/15/2026 | 900,000 | 961,102 | |
BlackRock, Inc. (Capital Markets) | 2.400% | 04/30/2030 | 1,000,000 | 1,029,689 | |
BlackRock, Inc. (Capital Markets) | 2.100% | 02/25/2032 | 2,000,000 | 1,984,334 | |
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 | 1,527,537 |
Charles Schwab Corp. / The (Capital Markets) | 3.300% | 04/01/2027 | 2,000,000 | 2,143,291 | |
Citigroup, Inc. (Banks) | 4.400% | 06/10/2025 | 2,000,000 | 2,178,055 | |
Citigroup, Inc. (Banks) | 3.700% | 01/12/2026 | 1,000,000 | 1,081,275 | |
Citigroup, Inc. (Banks) | 4.450% | 09/29/2027 | 2,000,000 | 2,230,040 | |
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 | 2,090,252 |
General Motors Financial Co., Inc. (Consumer Finance) | QL + 99 | 01/05/2023 | 2,000,000 | 2,008,279 | |
Goldman Sachs Group, Inc. / The (Capital Markets) | 3.750% | 05/22/2025 | 2,000,000 | 2,134,417 | |
Intercontinental Exchange, Inc. (Capital Markets) | 3.750% | 12/01/2025 | 1,000,000 | 1,080,705 | |
Jefferies Group LLC / Jefferies Group Capital Finance, Inc. (Diversified Financial Svs.) | 4.850% | 01/15/2027 | 1,800,000 | 2,041,752 | |
JPMorgan Chase & Co. (Banks) | 3.625% | 12/01/2027 | 2,000,000 | 2,155,042 | |
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 | 2,070,747 |
Marsh & McLennan Cos., Inc. (Insurance) | 3.500% | 06/03/2024 | 1,400,000 | 1,476,049 | |
Morgan Stanley (Capital Markets) | 3.950% | 04/23/2027 | 1,000,000 | 1,100,880 | |
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 | 2,279,115 |
Morgan Stanley Domestic Holdings, Inc. (Capital Markets) | 2.950% | 08/24/2022 | 1,000,000 | 1,014,073 | |
Nasdaq, Inc. (Capital Markets) | 3.850% | 06/30/2026 | 2,000,000 | 2,180,631 | |
PNC Bank N.A. (Banks) | 2.700% | 10/22/2029 | 2,500,000 | 2,582,669 | |
State Street Corp. (Capital Markets) | 2.200% | 03/03/2031 | 2,000,000 | 1,982,463 | |
Synchrony Financial (Consumer Finance) | 4.250% | 08/15/2024 | 1,000,000 | 1,059,131 | |
Synchrony Financial (Consumer Finance) | 5.150% | 03/19/2029 | 2,000,000 | 2,298,412 | |
Truist Bank (Banks) | 3.625% | 09/16/2025 | 1,000,000 | 1,071,263 | |
U.S. Bancorp (Banks) | 1.375% | 07/22/2030 | 2,000,000 | 1,881,845 | |
Wells Fargo & Co. (Banks) | 3.000% | 04/22/2026 | 1,000,000 | 1,050,411 | |
Wells Fargo & Co. (Rate is fixed until 10/30/2029, at which point, the rate becomes SOFR + 143) (Banks) | (b) | 2.879% | 10/30/2030 | 2,000,000 | 2,079,177 |
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 | 1,230,630 |
Wells Fargo & Co. (Banks) | 4.650% | 11/04/2044 | 1,000,000 | 1,210,649 | |
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 | 1,532,167 |
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 | 1,946,628 |
69,728,593 | |||||
Health Care–3.9% | |||||
AbbVie, Inc. (Biotechnology) | 3.200% | 11/21/2029 | 1,000,000 | 1,069,193 | |
AbbVie, Inc. (Biotechnology) | 4.250% | 11/21/2049 | 3,000,000 | 3,606,517 | |
HCA, Inc. (Health Care Providers & Svs.) | 5.250% | 06/15/2026 | 1,000,000 | 1,124,574 | |
Quest Diagnostics, Inc. (Health Care Providers & Svs.) | 2.950% | 06/30/2030 | 2,000,000 | 2,078,240 | |
Quest Diagnostics, Inc. (Health Care Providers & Svs.) | 2.800% | 06/30/2031 | 1,200,000 | 1,238,950 | |
Regeneron Pharmaceuticals, Inc. (Biotechnology) | 1.750% | 09/15/2030 | 1,800,000 | 1,702,173 | |
10,819,647 | |||||
Industrials–9.2% | |||||
Air Lease Corp. (Trading Companies & Distributors) | 2.250% | 01/15/2023 | 2,000,000 | 2,024,760 | |
Air Lease Corp. (Trading Companies & Distributors) | 2.300% | 02/01/2025 | 2,000,000 | 2,027,478 | |
BAE Systems PLC (Aerospace & Defense) | (a) | 1.900% | 02/15/2031 | 2,000,000 | 1,897,637 |
Boeing Co. / The (Aerospace & Defense) | 3.200% | 03/01/2029 | 3,000,000 | 3,087,548 | |
Burlington Northern Santa Fe LLC (Road & Rail) | 4.550% | 09/01/2044 | 900,000 | 1,135,044 | |
Canadian Pacific Railway Co. (Road & Rail) | 2.050% | 03/05/2030 | 1,300,000 | 1,281,285 | |
FedEx Corp. (Air Freight & Logistics) | 4.900% | 01/15/2034 | 2,000,000 | 2,411,602 | |
Lockheed Martin Corp. (Aerospace & Defense) | 1.850% | 06/15/2030 | 1,200,000 | 1,178,512 | |
Lockheed Martin Corp. (Aerospace & Defense) | 3.600% | 03/01/2035 | 1,000,000 | 1,117,738 | |
Northrop Grumman Corp. (Aerospace & Defense) | 2.930% | 01/15/2025 | 2,500,000 | 2,604,235 | |
Parker-Hannifin Corp. (Machinery) | 4.200% | 11/21/2034 | 1,400,000 | 1,594,738 | |
Union Pacific Corp. (Road & Rail) | 3.250% | 08/15/2025 | 1,000,000 | 1,061,260 |
Ohio National Fund, Inc. | ON Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Industrials (continued) | |||||
United Rentals North America, Inc. (Trading Companies & Distributors) | 5.250% | 01/15/2030 | $2,000,000 | $ 2,165,000 | |
Waste Connections, Inc. (Commercial Svs. & Supplies) | 4.250% | 12/01/2028 | 1,800,000 | 2,020,990 | |
25,607,827 | |||||
Information Technology–2.0% | |||||
Broadcom, Inc. (Semiconductors & Equip.) | (a) | 2.600% | 02/15/2033 | 2,000,000 | 1,949,792 |
Seagate HDD Cayman (Tech. Hardware, Storage & Periph.) | 4.875% | 03/01/2024 | 900,000 | 954,360 | |
VMware, Inc. (Software) | 2.200% | 08/15/2031 | 2,800,000 | 2,750,146 | |
5,654,298 | |||||
Materials–7.3% | |||||
Anglo American Capital PLC (Metals & Mining) | (a) | 4.750% | 04/10/2027 | 1,000,000 | 1,112,146 |
Anglo American Capital PLC (Metals & Mining) | (a) | 4.000% | 09/11/2027 | 900,000 | 967,639 |
Dow Chemical Co. / The (Chemicals) | 4.250% | 10/01/2034 | 1,402,000 | 1,618,257 | |
Glencore Funding LLC (Metals & Mining) | (a) | 2.850% | 04/27/2031 | 2,000,000 | 1,976,956 |
Kinross Gold Corp. (Metals & Mining) | 4.500% | 07/15/2027 | 3,000,000 | 3,351,303 | |
Mosaic Co. / The (Chemicals) | 4.050% | 11/15/2027 | 3,000,000 | 3,310,318 | |
Nutrien Ltd. (Chemicals) | 4.200% | 04/01/2029 | 1,900,000 | 2,143,282 | |
RPM International, Inc. (Chemicals) | 4.250% | 01/15/2048 | 3,000,000 | 3,413,991 | |
Steel Dynamics, Inc. (Metals & Mining) | 3.250% | 01/15/2031 | 1,200,000 | 1,265,258 | |
Syngenta Finance N.V. (Chemicals) | (a) | 5.182% | 04/24/2028 | 1,000,000 | 1,122,678 |
20,281,828 | |||||
Real Estate–3.4% | |||||
Alexandria Real Estate Equities, Inc. (Equity REIT) | 3.950% | 01/15/2028 | 1,000,000 | 1,104,037 | |
Federal Realty Investment Trust (Equity REIT) | 3.250% | 07/15/2027 | 2,000,000 | 2,121,303 | |
Healthcare Realty Trust, Inc. (Equity REIT) | 3.875% | 05/01/2025 | 1,400,000 | 1,484,663 | |
Healthcare Realty Trust, Inc. (Equity REIT) | 3.625% | 01/15/2028 | 1,000,000 | 1,076,208 | |
VICI Properties LP / VICI Note Co., Inc. (Equity REIT) | (a) | 4.625% | 12/01/2029 | 1,300,000 | 1,383,492 |
Welltower, Inc. (Equity REIT) | 4.250% | 04/01/2026 | 1,000,000 | 1,095,460 | |
Welltower, Inc. (Equity REIT) | 2.700% | 02/15/2027 | 1,000,000 | 1,041,802 | |
9,306,965 | |||||
Utilities–8.0% | |||||
AEP Transmission Co. LLC (Electric Utilities) | 4.000% | 12/01/2046 | 1,000,000 | 1,152,714 | |
AEP Transmission Co. LLC (Electric Utilities) | 3.750% | 12/01/2047 | 1,351,000 | 1,516,943 | |
Ameren Corp. (Multi-Utilities) | 3.500% | 01/15/2031 | 2,000,000 | 2,157,357 | |
American Water Capital Corp. (Water Utilities) | 4.300% | 12/01/2042 | 1,400,000 | 1,662,534 | |
Berkshire Hathaway Energy Co. (Multi-Utilities) | 3.250% | 04/15/2028 | 1,900,000 | 2,033,645 | |
Commonwealth Edison Co. (Electric Utilities) | 4.350% | 11/15/2045 | 2,000,000 | 2,423,834 | |
Connecticut Light & Power Co. / The (Electric Utilities) | 4.000% | 04/01/2048 | 1,000,000 | 1,196,239 | |
Duke Energy Corp. (Electric Utilities) | 3.750% | 09/01/2046 | 1,000,000 | 1,066,896 | |
Eversource Energy (Electric Utilities) | 3.300% | 01/15/2028 | 1,000,000 | 1,065,434 | |
FirstEnergy Transmission LLC (Electric Utilities) | (a) | 4.550% | 04/01/2049 | 1,800,000 | 2,054,818 |
Florida Power & Light Co. (Electric Utilities) | 3.150% | 10/01/2049 | 2,000,000 | 2,123,286 | |
Jersey Central Power & Light Co. (Electric Utilities) | (a) | 4.300% | 01/15/2026 | 900,000 | 975,990 |
Public Service Electric & Gas Co. (Multi-Utilities) | 3.600% | 12/01/2047 | 1,500,000 | 1,681,130 | |
Southwest Gas Corp. (Gas Utilities) | 3.875% | 04/01/2022 | 1,000,000 | 1,001,749 | |
22,112,569 | |||||
Total Corporate Bonds (Cost $242,551,155) | $259,262,765 |
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 | $1,765,873 | $ 1,710,038 |
American Airlines 2015-1 Class B Pass Through Trust | 3.700% | 05/01/2023 | 432,053 | 425,603 | |
FedEx Corp. 2020-1 Class AA Pass Through Trust | 1.875% | 02/20/2034 | 2,839,582 | 2,795,597 | |
United Airlines 2016-1 Class B Pass Through Trust | 3.650% | 01/07/2026 | 1,260,417 | 1,246,389 | |
United Airlines 2019-2 Class AA Pass Through Trust | 2.700% | 05/01/2032 | 935,578 | 927,412 | |
Total Asset-Backed Securities (Cost $7,233,599) | $ 7,105,039 |
U.S. Treasury Obligations–0.4% | Rate | Maturity | Face Amount | Value | |
U.S. Treasury Note | 1.625% | 05/15/2031 | $1,000,000 | $ 1,012,656 | |
Total U.S. Treasury Obligations (Cost $1,000,776) | $ 1,012,656 |
Ohio National Fund, Inc. | ON Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Money Market Funds–1.3% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.040% | (c) | 3,616,999 | $ 3,617,361 |
Total Money Market Funds (Cost $3,617,536) | $ 3,617,361 | ||
Total Investments – 97.7% (Cost $254,403,066) | (d) | $270,997,821 | |
Other Assets in Excess of Liabilities – 2.3% | 6,434,355 | ||
Net Assets – 100.0% | $277,432,176 |
Percentages are stated as a percent of net assets. |
Abbreviations: | ||
H15T5Y: | U.S. Treasury Yield Curve Rate T-Note Constant Maturity 5 Year, 1.260% at 12/31/2021 | |
QL: | Quarterly U.S. LIBOR Rate, 0.209% at 12/31/2021 | |
SOFR: | Secured Overnight Financing Rate, 0.050% at 12/31/2021 | |
USISDA05: | USD ICE Swap Rate 11:00am NY 5 Year, 1.350% at 12/31/2021 | |
USSW5: | USD Swap Semi 30/360 5 Year, 1.370% at 12/31/2021 |
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, 2021, the value of these securities totaled $23,281,167, or 8.4% 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, 2021. | |
(c) | Rate represents the seven-day yield at December 31, 2021. | |
(d) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 7 of the Notes to Financial Statements. |
Ohio National Fund, Inc. | ON BlackRock Balanced Allocation Portfolio (Unaudited) |
Average Annual returns | |
One year | 19.06% |
Five years | 12.98% |
Ten years | 13.02% |
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, 2021. |
Ohio National Fund, Inc. | ON BlackRock Balanced Allocation Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2021 (1) | |
% of Net Assets | |
Common Stocks (4) | 71.7 |
Corporate Bonds (4) | 26.4 |
Asset-Backed Securities (4) | 0.5 |
Money Market Funds and Other Net Assets | 1.4 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2021 (1) (2) (3) | ||
% of Net Assets | ||
1. | Apple, Inc. | 4.7 |
2. | Microsoft Corp. | 3.8 |
3. | Amazon.com, Inc. | 2.8 |
4. | Alphabet, Inc. Class A | 2.3 |
5. | Johnson & Johnson | 1.6 |
6. | Alphabet, Inc. Class C | 1.4 |
7. | Visa, Inc. | 1.4 |
8. | NVIDIA Corp. | 1.2 |
9. | Tesla, Inc. | 1.2 |
10. | Danaher 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) | Sectors (Common Stocks, Corporate Bonds, Asset-Backed Securities): |
% of Net Assets | |
Information Technology | 22.6 |
Financials | 14.8 |
Health Care | 11.5 |
Consumer Discretionary | 10.2 |
Communication Services | 9.6 |
Industrials | 8.2 |
Consumer Staples | 7.0 |
Energy | 4.5 |
Utilities | 4.2 |
Real Estate | 3.1 |
Materials | 2.9 |
98.6 |
Ohio National Fund, Inc. | ON BlackRock Balanced Allocation Portfolio |
Schedule of Investments | December 31, 2021 |
Common Stocks–71.7% | Shares | Value | |
Communication Services–7.3% | |||
Alphabet, Inc. Class A (Interactive Media & Svs.) | (a) | 4,452 | $ 12,897,622 |
Alphabet, Inc. Class C (Interactive Media & Svs.) | (a) | 2,742 | 7,934,224 |
Altice U.S.A., Inc. Class A (Media) | (a) | 3,484 | 56,371 |
AT&T, Inc. (Diversified Telecom. Svs.) | 8,265 | 203,319 | |
Booking Holdings, Inc. (Internet & Direct Marketing Retail) | (a) | 784 | 1,880,996 |
Comcast Corp. Class A (Media) | 78,072 | 3,929,364 | |
Discovery, Inc. Class C (Media) | (a) | 3,240 | 74,196 |
Fox Corp. Class A (Media) | 33,362 | 1,231,058 | |
Fox Corp. Class B (Media) | 1,548 | 53,050 | |
Meta Platforms, Inc. Class A (Interactive Media & Svs.) | (a) | 12,481 | 4,197,984 |
Nexstar Media Group, Inc. Class A (Media) | 381 | 57,524 | |
Roku, Inc. (Entertainment) | (a) | 1,111 | 253,530 |
Sirius XM Holdings, Inc. (Media) | 137,858 | 875,398 | |
Spotify Technology SA (Entertainment) | (a) | 720 | 168,502 |
TEGNA, Inc. (Media) | 6,793 | 126,078 | |
Twitter, Inc. (Interactive Media & Svs.) | (a) | 2,510 | 108,482 |
United States Cellular Corp. (Wireless Telecom. Svs.) | (a) | 4,959 | 156,308 |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 72,591 | 3,771,828 | |
Walt Disney Co. / The (Entertainment) | (a) | 11,704 | 1,812,833 |
Zynga, Inc. Class A (Entertainment) | (a) | 57,028 | 364,979 |
40,153,646 | |||
Consumer Discretionary–8.3% | |||
Advance Auto Parts, Inc. (Specialty Retail) | 348 | 83,478 | |
Amazon.com, Inc. (Internet & Direct Marketing Retail) | (a) | 4,580 | 15,271,277 |
American Eagle Outfitters, Inc. (Specialty Retail) | 3,865 | 97,862 | |
BorgWarner, Inc. (Auto Components) | 61,855 | 2,787,805 | |
D.R. Horton, Inc. (Household Durables) | 16,341 | 1,772,182 | |
Foot Locker, Inc. (Specialty Retail) | 2,598 | 113,351 | |
H&R Block, Inc. (Diversified Consumer Svs.) | 39,950 | 941,222 | |
Home Depot, Inc. / The (Specialty Retail) | 7,035 | 2,919,595 | |
Lithia Motors, Inc. (Specialty Retail) | 731 | 217,070 | |
Lowe's Cos., Inc. (Specialty Retail) | 7,466 | 1,929,812 | |
McDonald's Corp. (Hotels, Restaurants & Leisure) | 7,504 | 2,011,597 | |
Nordstrom, Inc. (Multiline Retail) | (a) | 37,548 | 849,336 |
Penske Automotive Group, Inc. (Specialty Retail) | 5,119 | 548,859 | |
Ralph Lauren Corp. (Textiles, Apparel & Luxury Goods) | 4,109 | 488,396 | |
Rivian Automotive, Inc. Class A (Automobiles) | (a) | 5,561 | 576,620 |
Service Corp. International (Diversified Consumer Svs.) | 15,050 | 1,068,400 | |
Target Corp. (Multiline Retail) | 21,401 | 4,953,047 | |
Tesla, Inc. (Automobiles) | (a) | 6,177 | 6,527,730 |
Tractor Supply Co. (Specialty Retail) | 2,695 | 643,027 | |
Travel + Leisure Co. (Hotels, Restaurants & Leisure) | 11,526 | 637,042 | |
Whirlpool Corp. (Household Durables) | 6,106 | 1,432,834 | |
45,870,542 | |||
Consumer Staples–4.1% | |||
Coca-Cola Europacific Partners PLC (Beverages) | 14,115 | 789,452 | |
Colgate-Palmolive Co. (Household Products) | 59,509 | 5,078,498 | |
Costco Wholesale Corp. (Food & Staples Retailing) | 7,899 | 4,484,262 | |
Estee Lauder Cos., Inc. / The Class A (Personal Products) | 9,113 | 3,373,633 | |
Keurig Dr Pepper, Inc. (Beverages) | 57,409 | 2,116,096 | |
McCormick & Co., Inc. (Food Products) | 1,914 | 184,911 | |
Molson Coors Beverage Co. Class B (Beverages) | 18,096 | 838,750 | |
Procter & Gamble Co. / The (Household Products) | 12,708 | 2,078,775 | |
Walmart, Inc. (Food & Staples Retailing) | 24,140 | 3,492,816 | |
22,437,193 | |||
Energy–1.9% | |||
Devon Energy Corp. (Oil, Gas & Consumable Fuels) | 1,073 | 47,266 | |
EOG Resources, Inc. (Oil, Gas & Consumable Fuels) | 54,190 | 4,813,698 | |
Exxon Mobil Corp. (Oil, Gas & Consumable Fuels) | 17,915 | 1,096,219 | |
Schlumberger N.V. (Energy Equip. & Svs.) | 124,774 | 3,736,981 | |
Williams Cos., Inc. / The (Oil, Gas & Consumable Fuels) | 32,383 | 843,253 | |
10,537,417 | |||
Financials–8.0% | |||
Allstate Corp. / The (Insurance) | 2,542 | 299,066 | |
Ally Financial, Inc. (Consumer Finance) | 56,824 | 2,705,391 |
Ohio National Fund, Inc. | ON BlackRock Balanced Allocation Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Financials (continued) | |||
American Express Co. (Consumer Finance) | 9,438 | $ 1,544,057 | |
Apollo Global Management, Inc. (Capital Markets) | (a) | 7,097 | 514,036 |
Bank of America Corp. (Banks) | 44,915 | 1,998,268 | |
Berkshire Hathaway, Inc. Class B (Diversified Financial Svs.) | (a) | 3,304 | 987,896 |
Capital One Financial Corp. (Consumer Finance) | 2,854 | 414,087 | |
Citigroup, Inc. (Banks) | 42,055 | 2,539,701 | |
FactSet Research Systems, Inc. (Capital Markets) | 1,416 | 688,190 | |
First Republic Bank (Banks) | 22,072 | 4,558,089 | |
Goldman Sachs Group, Inc. / The (Capital Markets) | 902 | 345,060 | |
Huntington Bancshares, Inc. (Banks) | 9,129 | 140,769 | |
Intercontinental Exchange, Inc. (Capital Markets) | 9,610 | 1,314,360 | |
JPMorgan Chase & Co. (Banks) | 4,357 | 689,931 | |
Marsh & McLennan Cos., Inc. (Insurance) | 24,559 | 4,268,845 | |
MetLife, Inc. (Insurance) | 71,950 | 4,496,155 | |
Moody's Corp. (Capital Markets) | 1,862 | 727,260 | |
Morgan Stanley (Capital Markets) | 6,289 | 617,328 | |
Pinnacle Financial Partners, Inc. (Banks) | 4,171 | 398,331 | |
PNC Financial Services Group, Inc. / The (Banks) | 3,123 | 626,224 | |
Regions Financial Corp. (Banks) | 56,410 | 1,229,738 | |
S&P Global, Inc. (Capital Markets) | 10,760 | 5,077,967 | |
Stifel Financial Corp. (Capital Markets) | 13,257 | 933,558 | |
Travelers Cos., Inc. / The (Insurance) | 14,835 | 2,320,639 | |
Voya Financial, Inc. (Diversified Financial Svs.) | 58,429 | 3,874,427 | |
Western Alliance Bancorp (Banks) | 6,689 | 720,071 | |
Willis Towers Watson PLC (Insurance) | 990 | 235,115 | |
44,264,559 | |||
Health Care–9.7% | |||
Abbott Laboratories (Health Care Equip. & Supplies) | 12,678 | 1,784,302 | |
AbbVie, Inc. (Biotechnology) | 8,873 | 1,201,404 | |
Agilent Technologies, Inc. (Life Sciences Tools & Svs.) | 30,303 | 4,837,874 | |
Align Technology, Inc. (Health Care Equip. & Supplies) | (a) | 188 | 123,550 |
Amgen, Inc. (Biotechnology) | 12,780 | 2,875,117 | |
Anthem, Inc. (Health Care Providers & Svs.) | 5,276 | 2,445,637 | |
Bristol-Myers Squibb Co. (Pharmaceuticals) | 5,218 | 325,342 | |
Bruker Corp. (Life Sciences Tools & Svs.) | 834 | 69,981 | |
Cigna Corp. (Health Care Providers & Svs.) | 3,342 | 767,423 | |
CVS Health Corp. (Health Care Providers & Svs.) | 17,783 | 1,834,494 | |
Danaher Corp. (Life Sciences Tools & Svs.) | 17,385 | 5,719,839 | |
Dexcom, Inc. (Health Care Equip. & Supplies) | (a) | 1,523 | 817,775 |
Eli Lilly & Co. (Pharmaceuticals) | 10,034 | 2,771,591 | |
IDEXX Laboratories, Inc. (Health Care Equip. & Supplies) | (a) | 7,418 | 4,884,456 |
Johnson & Johnson (Pharmaceuticals) | 50,254 | 8,596,952 | |
McKesson Corp. (Health Care Providers & Svs.) | 9,559 | 2,376,081 | |
Medtronic PLC (Health Care Equip. & Supplies) | 5,771 | 597,010 | |
Merck & Co., Inc. (Pharmaceuticals) | 16,266 | 1,246,626 | |
Mettler-Toledo International, Inc. (Life Sciences Tools & Svs.) | (a) | 48 | 81,466 |
Pfizer, Inc. (Pharmaceuticals) | 34,488 | 2,036,516 | |
Regeneron Pharmaceuticals, Inc. (Biotechnology) | (a) | 1,101 | 695,304 |
Thermo Fisher Scientific, Inc. (Life Sciences Tools & Svs.) | 1,969 | 1,313,796 | |
UnitedHealth Group, Inc. (Health Care Providers & Svs.) | 1,436 | 721,073 | |
West Pharmaceutical Services, Inc. (Health Care Equip. & Supplies) | 137 | 64,254 | |
Zoetis, Inc. (Pharmaceuticals) | 22,516 | 5,494,580 | |
53,682,443 | |||
Industrials–5.9% | |||
Alaska Air Group, Inc. (Airlines) | (a) | 15,297 | 796,974 |
AMETEK, Inc. (Electrical Equip.) | 1,816 | 267,025 | |
Builders FirstSource, Inc. (Building Products) | (a) | 5,066 | 434,207 |
C.H. Robinson Worldwide, Inc. (Air Freight & Logistics) | 23,677 | 2,548,356 | |
Caterpillar, Inc. (Machinery) | 4,804 | 993,179 | |
Equifax, Inc. (Professional Svs.) | 5,037 | 1,474,783 | |
Expeditors International of Washington, Inc. (Air Freight & Logistics) | 7,163 | 961,919 | |
Fortive Corp. (Machinery) | 11,668 | 890,152 | |
General Electric Co. (Industrial Conglomerates) | 2,399 | 226,634 | |
Honeywell International, Inc. (Industrial Conglomerates) | 15,285 | 3,187,075 | |
IHS Markit Ltd. (Professional Svs.) | 3,813 | 506,824 | |
Illinois Tool Works, Inc. (Machinery) | 20,748 | 5,120,606 | |
Johnson Controls International PLC (Building Products) | 5,065 | 411,835 | |
Landstar System, Inc. (Road & Rail) | 7,176 | 1,284,648 |
Ohio National Fund, Inc. | ON BlackRock Balanced Allocation Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Industrials (continued) | |||
Lockheed Martin Corp. (Aerospace & Defense) | 3,403 | $ 1,209,460 | |
Masco Corp. (Building Products) | 18,228 | 1,279,970 | |
Old Dominion Freight Line, Inc. (Road & Rail) | 1,106 | 396,368 | |
Otis Worldwide Corp. (Machinery) | 29,455 | 2,564,647 | |
Ryder System, Inc. (Road & Rail) | 20,000 | 1,648,600 | |
SiteOne Landscape Supply, Inc. (Trading Companies & Distributors) | (a) | 7,555 | 1,830,425 |
Trane Technologies PLC (Building Products) | 8,113 | 1,639,069 | |
United Parcel Service, Inc. Class B (Air Freight & Logistics) | 13,233 | 2,836,361 | |
Waste Connections, Inc. (Commercial Svs. & Supplies) | 1,214 | 165,432 | |
32,674,549 | |||
Information Technology–21.2% | |||
Adobe, Inc. (Software) | (a) | 8,490 | 4,814,339 |
Advanced Micro Devices, Inc. (Semiconductors & Equip.) | (a) | 22,973 | 3,305,815 |
Apple, Inc. (Tech. Hardware, Storage & Periph.) | 146,243 | 25,968,370 | |
Applied Materials, Inc. (Semiconductors & Equip.) | 9,636 | 1,516,321 | |
Automatic Data Processing, Inc. (IT Svs.) | 14,425 | 3,556,917 | |
Cadence Design Systems, Inc. (Software) | (a) | 2,732 | 509,108 |
Cirrus Logic, Inc. (Semiconductors & Equip.) | (a) | 10,350 | 952,407 |
Dell Technologies, Inc. Class C (Tech. Hardware, Storage & Periph.) | (a) | 78,100 | 4,386,877 |
EPAM Systems, Inc. (IT Svs.) | (a) | 267 | 178,476 |
Fidelity National Information Services, Inc. (IT Svs.) | 30,633 | 3,343,592 | |
Global Payments, Inc. (IT Svs.) | 4,947 | 668,735 | |
HashiCorp, Inc. Class A (Software) | (a) | 4,247 | 386,647 |
Hewlett Packard Enterprise Co. (Tech. Hardware, Storage & Periph.) | 186,373 | 2,939,102 | |
HP, Inc. (Tech. Hardware, Storage & Periph.) | 3,074 | 115,798 | |
Intel Corp. (Semiconductors & Equip.) | 78,147 | 4,024,570 | |
Intuit, Inc. (Software) | 8,230 | 5,293,701 | |
Juniper Networks, Inc. (Communications Equip.) | 19,034 | 679,704 | |
Keysight Technologies, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 9,437 | 1,948,835 |
KLA Corp. (Semiconductors & Equip.) | 501 | 215,485 | |
Lam Research Corp. (Semiconductors & Equip.) | 1,794 | 1,290,155 | |
Mastercard, Inc. Class A (IT Svs.) | 3,159 | 1,135,092 | |
Microsoft Corp. (Software) | 61,783 | 20,778,859 | |
NetApp, Inc. (Tech. Hardware, Storage & Periph.) | 10,093 | 928,455 | |
NVIDIA Corp. (Semiconductors & Equip.) | 22,622 | 6,653,356 | |
Okta, Inc. (IT Svs.) | (a) | 602 | 134,950 |
PayPal Holdings, Inc. (IT Svs.) | (a) | 5,136 | 968,547 |
QUALCOMM, Inc. (Semiconductors & Equip.) | 7,938 | 1,451,622 | |
salesforce.com, Inc. (Software) | (a) | 3,689 | 937,486 |
ServiceNow, Inc. (Software) | (a) | 6,086 | 3,950,483 |
Texas Instruments, Inc. (Semiconductors & Equip.) | 8,245 | 1,553,935 | |
Visa, Inc. (IT Svs.) | 36,554 | 7,921,617 | |
Western Digital Corp. (Tech. Hardware, Storage & Periph.) | (a) | 13,515 | 881,313 |
Workday, Inc. Class A (Software) | (a) | 11,344 | 3,098,954 |
Xilinx, Inc. (Semiconductors & Equip.) | 2,431 | 515,445 | |
Zebra Technologies Corp. Class A (Electronic Equip., Instr. & Comp.) | (a) | 495 | 294,624 |
117,299,692 | |||
Materials–1.5% | |||
Avery Dennison Corp. (Containers & Packaging) | 583 | 126,260 | |
Corteva, Inc. (Chemicals) | 14,694 | 694,732 | |
Ecolab, Inc. (Chemicals) | 20,194 | 4,737,311 | |
Mosaic Co. / The (Chemicals) | 13,375 | 525,504 | |
Vulcan Materials Co. (Construction Materials) | 7,588 | 1,575,117 | |
Westrock Co. (Containers & Packaging) | 9,908 | 439,519 | |
8,098,443 | |||
Real Estate–2.2% | |||
American Homes 4 Rent Class A (Equity REIT) | 6,522 | 284,424 | |
CBRE Group, Inc. Class A (Real Estate Mgmt. & Development) | (a) | 12,088 | 1,311,669 |
Crown Castle International Corp. (Equity REIT) | 931 | 194,337 | |
CubeSmart (Equity REIT) | 50,039 | 2,847,720 | |
Extra Space Storage, Inc. (Equity REIT) | 2,891 | 655,476 | |
Life Storage, Inc. (Equity REIT) | 8,348 | 1,278,747 | |
Prologis, Inc. (Equity REIT) | 33,494 | 5,639,050 | |
12,211,423 | |||
Utilities–1.6% | |||
CMS Energy Corp. (Multi-Utilities) | 2,454 | 159,633 |
Ohio National Fund, Inc. | ON BlackRock Balanced Allocation Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Utilities (continued) | |||
Consolidated Edison, Inc. (Multi-Utilities) | 29,875 | $ 2,548,935 | |
DTE Energy Co. (Multi-Utilities) | 22,662 | 2,709,015 | |
NextEra Energy, Inc. (Electric Utilities) | 12,957 | 1,209,665 | |
OGE Energy Corp. (Electric Utilities) | 50,189 | 1,926,254 | |
Sunnova Energy International, Inc. (Ind. Power & Renewable Elec.) | (a) | 7,304 | 203,928 |
8,757,430 | |||
Total Common Stocks (Cost $326,832,376) | $395,987,337 |
Corporate Bonds–26.4% | Rate | Maturity | Face Amount | Value | |
Communication Services–2.3% | |||||
AT&T, Inc. (Diversified Telecom. Svs.) | 4.900% | 08/15/2037 | $1,000,000 | $ 1,208,349 | |
Charter Communications Operating LLC / Charter Communications Operating Capital (Media) | 3.700% | 04/01/2051 | 1,200,000 | 1,160,144 | |
Comcast Corp. (Media) | 3.250% | 11/01/2039 | 2,000,000 | 2,110,083 | |
Lamar Media Corp. (Media) | 4.875% | 01/15/2029 | 800,000 | 835,000 | |
Rogers Communications, Inc. (Wireless Telecom. Svs.) | 3.700% | 11/15/2049 | 1,400,000 | 1,469,449 | |
Time Warner Cable LLC (Media) | 6.550% | 05/01/2037 | 150,000 | 196,241 | |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | 3.875% | 04/15/2030 | 1,200,000 | 1,312,504 | |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 4.500% | 08/10/2033 | 1,000,000 | 1,175,651 | |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 4.400% | 11/01/2034 | 1,000,000 | 1,164,790 | |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 2.875% | 11/20/2050 | 1,000,000 | 948,887 | |
Walt Disney Co. / The (Entertainment) | 3.600% | 01/13/2051 | 750,000 | 848,150 | |
12,429,248 | |||||
Consumer Discretionary–1.9% | |||||
Amazon.com, Inc. (Internet & Direct Marketing Retail) | 3.875% | 08/22/2037 | 1,000,000 | 1,175,334 | |
Aptiv PLC (Auto Components) | 4.350% | 03/15/2029 | 150,000 | 170,031 | |
Best Buy Co., Inc. (Specialty Retail) | 1.950% | 10/01/2030 | 2,000,000 | 1,918,764 | |
Expedia Group, Inc. (Hotels, Restaurants & Leisure) | 4.625% | 08/01/2027 | 1,000,000 | 1,113,569 | |
Hasbro, Inc. (Leisure Products) | 3.900% | 11/19/2029 | 2,000,000 | 2,205,072 | |
Lear Corp. (Auto Components) | 3.500% | 05/30/2030 | 1,000,000 | 1,072,366 | |
Lowe's Cos., Inc. (Specialty Retail) | 3.000% | 10/15/2050 | 1,000,000 | 986,199 | |
Target Corp. (Multiline Retail) | 2.350% | 02/15/2030 | 2,000,000 | 2,055,298 | |
10,696,633 | |||||
Consumer Staples–2.9% | |||||
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 4.700% | 02/01/2036 | 2,000,000 | 2,413,620 | |
B.A.T. Capital Corp. (Tobacco) | 3.215% | 09/06/2026 | 1,000,000 | 1,040,640 | |
B.A.T. Capital Corp. (Tobacco) | 4.700% | 04/02/2027 | 1,000,000 | 1,100,048 | |
Campbell Soup Co. (Food Products) | 4.150% | 03/15/2028 | 2,000,000 | 2,221,065 | |
Coca-Cola Co. / The (Beverages) | 3.000% | 03/05/2051 | 2,000,000 | 2,116,617 | |
Costco Wholesale Corp. (Food & Staples Retailing) | 1.750% | 04/20/2032 | 800,000 | 777,249 | |
Diageo Capital PLC (Beverages) | 2.375% | 10/24/2029 | 2,000,000 | 2,042,489 | |
Hershey Co. / The (Food Products) | 1.700% | 06/01/2030 | 1,200,000 | 1,174,168 | |
Keurig Dr Pepper, Inc. (Beverages) | 3.430% | 06/15/2027 | 1,000,000 | 1,069,597 | |
Kraft Heinz Foods Co. (Food Products) | 4.625% | 10/01/2039 | 800,000 | 939,586 | |
Philip Morris International, Inc. (Tobacco) | 3.375% | 08/15/2029 | 1,000,000 | 1,077,492 | |
15,972,571 | |||||
Energy–2.6% | |||||
Baker Hughes Holdings LLC / Baker Hughes Co-Obligor, Inc. (Energy Equip. & Svs.) | 3.337% | 12/15/2027 | 1,000,000 | 1,065,877 | |
BP Capital Markets America, Inc. (Oil, Gas & Consumable Fuels) | 3.017% | 01/16/2027 | 1,000,000 | 1,055,584 | |
Chevron Corp. (Oil, Gas & Consumable Fuels) | 2.236% | 05/11/2030 | 1,200,000 | 1,213,748 | |
ConocoPhillips (Oil, Gas & Consumable Fuels) | (b) | 3.750% | 10/01/2027 | 1,000,000 | 1,096,193 |
ConocoPhillips (Oil, Gas & Consumable Fuels) | (b) | 2.400% | 02/15/2031 | 1,200,000 | 1,203,814 |
Energy Transfer LP (Oil, Gas & Consumable Fuels) | 4.950% | 06/15/2028 | 1,000,000 | 1,124,900 | |
Halliburton Co. (Energy Equip. & Svs.) | 4.850% | 11/15/2035 | 1,000,000 | 1,175,269 | |
Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels) | 5.300% | 12/01/2034 | 1,000,000 | 1,203,397 | |
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 5.850% | 01/15/2026 | 800,000 | 917,383 | |
Shell International Finance B.V. (Oil, Gas & Consumable Fuels) | 4.000% | 05/10/2046 | 1,500,000 | 1,744,315 | |
Tennessee Gas Pipeline Co. LLC (Oil, Gas & Consumable Fuels) | (b) | 2.900% | 03/01/2030 | 1,000,000 | 1,015,746 |
Williams Cos., Inc. / The (Oil, Gas & Consumable Fuels) | 3.750% | 06/15/2027 | 1,000,000 | 1,079,578 | |
Williams Cos., Inc. / The (Oil, Gas & Consumable Fuels) | 5.400% | 03/04/2044 | 100,000 | 124,137 | |
14,019,941 | |||||
Financials–6.8% | |||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Diversified Financial Svs.) | 3.300% | 01/23/2023 | 1,000,000 | 1,021,035 | |
AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Diversified Financial Svs.) | 4.875% | 01/16/2024 | 1,000,000 | 1,063,457 | |
AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Diversified Financial Svs.) | 3.300% | 01/30/2032 | 1,000,000 | 1,018,772 | |
American International Group, Inc. (Insurance) | 3.875% | 01/15/2035 | 150,000 | 165,840 |
Ohio National Fund, Inc. | ON BlackRock Balanced Allocation Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Financials (continued) | |||||
Ares Capital Corp. (Capital Markets) | 3.200% | 11/15/2031 | $1,500,000 | $ 1,474,773 | |
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 | 214,519 |
BlackRock, Inc. (Capital Markets) | 2.100% | 02/25/2032 | 1,000,000 | 992,167 | |
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 | 1,018,358 |
Charles Schwab Corp. / The (Capital Markets) | 3.300% | 04/01/2027 | 1,000,000 | 1,071,646 | |
Citigroup, Inc. (Banks) | 4.125% | 07/25/2028 | 1,000,000 | 1,097,406 | |
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 | 1,038,455 |
Citigroup, Inc. (Rate is fixed until 05/01/2031, at which point, the rate becomes SOFR + 117) (Banks) | (c) | 2.561% | 05/01/2032 | 2,000,000 | 2,010,372 |
Discover Bank (Banks) | 2.450% | 09/12/2024 | 1,000,000 | 1,023,568 | |
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 | 261,282 |
Ford Motor Credit Co. LLC (Consumer Finance) | 3.087% | 01/09/2023 | 2,000,000 | 2,033,810 | |
General Motors Financial Co., Inc. (Consumer Finance) | 2.700% | 06/10/2031 | 3,000,000 | 2,989,301 | |
Goldman Sachs Group, Inc. / The (Capital Markets) | 3.750% | 05/22/2025 | 1,000,000 | 1,067,208 | |
Jefferies Group LLC / Jefferies Group Capital Finance, Inc. (Diversified Financial Svs.) | 4.850% | 01/15/2027 | 200,000 | 226,861 | |
JPMorgan Chase & Co. (Banks) | 3.625% | 12/01/2027 | 1,000,000 | 1,077,521 | |
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 | 1,035,374 |
Morgan Stanley (Capital Markets) | 3.950% | 04/23/2027 | 1,000,000 | 1,100,880 | |
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 | 1,500,000 | 1,534,627 |
Nasdaq, Inc. (Capital Markets) | 3.850% | 06/30/2026 | 1,000,000 | 1,090,315 | |
PNC Bank N.A. (Banks) | 4.050% | 07/26/2028 | 1,950,000 | 2,186,750 | |
State Street Corp. (Capital Markets) | 2.200% | 03/03/2031 | 1,000,000 | 991,232 | |
Synchrony Financial (Consumer Finance) | 4.250% | 08/15/2024 | 1,000,000 | 1,059,131 | |
Truist Bank (Rate is fixed until 09/17/2024, at which point, the rate becomes H15T5Y + 115) (Banks) | (c) | 2.636% | 09/17/2029 | 2,500,000 | 2,570,531 |
U.S. Bancorp (Banks) | 1.375% | 07/22/2030 | 1,000,000 | 940,923 | |
Wells Fargo & Co. (Banks) | 3.000% | 04/22/2026 | 1,500,000 | 1,575,617 | |
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 | 820,420 |
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 | 1,532,167 |
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 | 216,292 |
37,520,610 | |||||
Health Care–1.8% | |||||
AbbVie, Inc. (Biotechnology) | 3.200% | 11/21/2029 | 1,000,000 | 1,069,192 | |
AbbVie, Inc. (Biotechnology) | 4.250% | 11/21/2049 | 2,000,000 | 2,404,345 | |
HCA, Inc. (Health Care Providers & Svs.) | 5.250% | 06/15/2026 | 2,000,000 | 2,249,149 | |
Quest Diagnostics, Inc. (Health Care Providers & Svs.) | 2.800% | 06/30/2031 | 800,000 | 825,966 | |
Regeneron Pharmaceuticals, Inc. (Biotechnology) | 1.750% | 09/15/2030 | 1,200,000 | 1,134,782 | |
UnitedHealth Group, Inc. (Health Care Providers & Svs.) | 3.875% | 12/15/2028 | 2,000,000 | 2,241,526 | |
9,924,960 | |||||
Industrials–1.8% | |||||
Air Lease Corp. (Trading Companies & Distributors) | 2.250% | 01/15/2023 | 1,000,000 | 1,012,380 | |
Air Lease Corp. (Trading Companies & Distributors) | 2.300% | 02/01/2025 | 2,000,000 | 2,027,478 | |
Boeing Co. / The (Aerospace & Defense) | 3.200% | 03/01/2029 | 1,500,000 | 1,543,774 | |
Burlington Northern Santa Fe LLC (Road & Rail) | 4.550% | 09/01/2044 | 100,000 | 126,116 | |
FedEx Corp. (Air Freight & Logistics) | 4.900% | 01/15/2034 | 1,000,000 | 1,205,801 | |
Lockheed Martin Corp. (Aerospace & Defense) | 1.850% | 06/15/2030 | 800,000 | 785,674 | |
Parker-Hannifin Corp. (Machinery) | 4.200% | 11/21/2034 | 100,000 | 113,910 | |
United Rentals North America, Inc. (Trading Companies & Distributors) | 4.875% | 01/15/2028 | 1,000,000 | 1,050,875 | |
Waste Connections, Inc. (Commercial Svs. & Supplies) | 4.250% | 12/01/2028 | 200,000 | 224,555 | |
Waste Connections, Inc. (Commercial Svs. & Supplies) | 2.600% | 02/01/2030 | 2,000,000 | 2,040,613 | |
10,131,176 | |||||
Information Technology–1.4% | |||||
Broadcom, Inc. (Semiconductors & Equip.) | (b) | 2.600% | 02/15/2033 | 1,000,000 | 974,896 |
HP, Inc. (Tech. Hardware, Storage & Periph.) | (b) | 2.650% | 06/17/2031 | 3,000,000 | 2,957,561 |
Oracle Corp. (Software) | 4.300% | 07/08/2034 | 2,100,000 | 2,325,883 | |
Seagate HDD Cayman (Tech. Hardware, Storage & Periph.) | 4.875% | 03/01/2024 | 100,000 | 106,040 | |
VMware, Inc. (Software) | 2.200% | 08/15/2031 | 1,200,000 | 1,178,634 | |
7,543,014 | |||||
Materials–1.4% | |||||
Anglo American Capital PLC (Metals & Mining) | (b) | 4.000% | 09/11/2027 | 100,000 | 107,516 |
Dow Chemical Co. / The (Chemicals) | 4.250% | 10/01/2034 | 1,402,000 | 1,618,257 |
Ohio National Fund, Inc. | ON BlackRock Balanced Allocation Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Materials (continued) | |||||
Glencore Funding LLC (Metals & Mining) | (b) | 2.850% | 04/27/2031 | $3,000,000 | $ 2,965,434 |
Kinross Gold Corp. (Metals & Mining) | 4.500% | 07/15/2027 | 1,000,000 | 1,117,101 | |
Mosaic Co. / The (Chemicals) | 4.050% | 11/15/2027 | 1,000,000 | 1,103,440 | |
Steel Dynamics, Inc. (Metals & Mining) | 3.250% | 01/15/2031 | 800,000 | 843,505 | |
7,755,253 | |||||
Real Estate–0.9% | |||||
Alexandria Real Estate Equities, Inc. (Equity REIT) | 3.950% | 01/15/2028 | 1,000,000 | 1,104,037 | |
American Tower Corp. (Equity REIT) | 2.750% | 01/15/2027 | 2,000,000 | 2,061,358 | |
VICI Properties LP / VICI Note Co., Inc. (Equity REIT) | (b) | 4.625% | 12/01/2029 | 700,000 | 744,958 |
Welltower, Inc. (Equity REIT) | 2.700% | 02/15/2027 | 1,000,000 | 1,041,802 | |
4,952,155 | |||||
Utilities–2.6% | |||||
AEP Transmission Co. LLC (Electric Utilities) | 4.000% | 12/01/2046 | 1,000,000 | 1,152,713 | |
AEP Transmission Co. LLC (Electric Utilities) | 3.750% | 12/01/2047 | 1,000,000 | 1,122,830 | |
Ameren Corp. (Multi-Utilities) | 2.500% | 09/15/2024 | 1,000,000 | 1,026,781 | |
Ameren Corp. (Multi-Utilities) | 3.500% | 01/15/2031 | 1,000,000 | 1,078,678 | |
American Water Capital Corp. (Water Utilities) | 4.300% | 12/01/2042 | 100,000 | 118,752 | |
Black Hills Corp. (Multi-Utilities) | 3.050% | 10/15/2029 | 2,500,000 | 2,596,125 | |
Commonwealth Edison Co. (Electric Utilities) | 4.350% | 11/15/2045 | 1,000,000 | 1,211,917 | |
Connecticut Light & Power Co. / The (Electric Utilities) | 4.000% | 04/01/2048 | 1,000,000 | 1,196,239 | |
Duke Energy Corp. (Electric Utilities) | 3.750% | 09/01/2046 | 1,500,000 | 1,600,344 | |
Duke Energy Indiana LLC (Electric Utilities) | 3.250% | 10/01/2049 | 1,000,000 | 1,034,631 | |
FirstEnergy Transmission LLC (Electric Utilities) | (b) | 4.550% | 04/01/2049 | 200,000 | 228,313 |
Florida Power & Light Co. (Electric Utilities) | 3.150% | 10/01/2049 | 1,000,000 | 1,061,643 | |
Public Service Electric & Gas Co. (Multi-Utilities) | 3.600% | 12/01/2047 | 1,000,000 | 1,120,754 | |
14,549,720 | |||||
Total Corporate Bonds (Cost $140,725,565) | $145,495,281 |
Asset-Backed Securities–0.5% | Rate | Maturity | Face Amount | Value | |
Industrials–0.5% | |||||
FedEx Corp. 2020-1 Class AA Pass Through Trust | 1.875% | 02/20/2034 | $1,893,055 | $ 1,863,731 | |
United Airlines 2016-1 Class B Pass Through Trust | 3.650% | 01/07/2026 | 140,046 | 138,488 | |
United Airlines 2019-2 Class AA Pass Through Trust | 2.700% | 05/01/2032 | 935,578 | 927,411 | |
Total Asset-Backed Securities (Cost $2,968,679) | $ 2,929,630 |
Money Market Funds–1.3% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.040% | (d) | 6,973,854 | $ 6,974,552 |
Total Money Market Funds (Cost $6,974,598) | $ 6,974,552 | ||
Total Investments – 99.9% (Cost $477,501,218) | (e) | $551,386,800 | |
Other Assets in Excess of Liabilities – 0.1% | (f) | 423,265 | |
Net Assets – 100.0% | $551,810,065 |
Percentages are stated as a percent of net assets. |
Abbreviations: | ||
H15T5Y: | U.S. Treasury Yield Curve Rate T-Note Constant Maturity 5 Year, 1.260% at 12/31/2021 | |
SOFR: | Secured Overnight Financing Rate, 0.050% at 12/31/2021 | |
USISDA05: | USD ICE Swap Rate 11:00am NY 5 Year, 1.350% at 12/31/2021 | |
USSW5: | USD Swap Semi 30/360 5 Year, 1.370% at 12/31/2021 |
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, 2021, the value of these securities totaled $11,294,431, or 2.0% 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, 2021. | |
(d) | Rate represents the seven-day yield at December 31, 2021. | |
(e) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 7 of the Notes to Financial Statements. | |
(f) | Includes $287,500 of cash pledged as collateral for the futures contracts outstanding at December 31, 2021. 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, 2021 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
CME E-mini S&P 500 Index - Long | 25 | March 18, 2022 | $5,883,300 | $5,948,125 | $64,825 | $(20,672) |
Ohio National Fund, Inc. | ON BlackRock Advantage International Equity Portfolio (Unaudited) |
Average Annual returns | |
One year | 13.49% |
Five years | 9.96% |
Ten years | 6.36% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2021. |
Ohio National Fund, Inc. | ON BlackRock Advantage International Equity Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2021 (1) | |
% of Net Assets | |
Common Stocks (4) (5) | 97.3 |
Preferred Securities (4) (5) | 0.7 |
Money Market Funds and Other Net Assets | 2.0 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2021 (1) (2) (3) | ||
% of Net Assets | ||
1. | ASML Holding N.V. | 2.5 |
2. | Novartis AG | 2.0 |
3. | SAP SE | 1.8 |
4. | Siemens AG | 1.6 |
5. | Diageo PLC | 1.6 |
6. | L'Oreal SA | 1.6 |
7. | Novo Nordisk A/S Class B | 1.6 |
8. | Nestle SA | 1.4 |
9. | Schneider Electric SE | 1.3 |
10. | Deutsche Post AG | 1.3 |
(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): |
% of Net Assets | |
Japan | 20.4 |
France | 12.2 |
United Kingdom | 11.3 |
Germany | 10.3 |
Switzerland | 8.6 |
Netherlands | 6.9 |
Australia | 5.2 |
Sweden | 4.9 |
Finland | 2.7 |
Denmark | 2.3 |
(5) | Sectors (Common Stocks, Preferred Securities): |
% of Net Assets | |
Industrials | 17.3 |
Financials | 15.9 |
Information Technology | 11.7 |
Consumer Staples | 11.6 |
Health Care | 11.5 |
Consumer Discretionary | 10.1 |
Materials | 6.9 |
Communication Services | 4.3 |
Energy | 4.0 |
Utilities | 2.5 |
Real Estate | 2.2 |
98.0 |
Ohio National Fund, Inc. | ON BlackRock Advantage International Equity Portfolio |
Schedule of Investments | December 31, 2021 |
Common Stocks–97.3% | Shares | Value | |
Japan–20.4% | |||
Advantest Corp. (Information Technology) | (a) | 18,300 | $ 1,732,994 |
Air Water, Inc. (Materials) | (a) | 2,000 | 30,911 |
Amada Co. Ltd. (Industrials) | (a) | 164,900 | 1,632,819 |
Asahi Kasei Corp. (Materials) | (a) | 115,600 | 1,088,992 |
Bridgestone Corp. (Consumer Discretionary) | (a) | 89,800 | 3,855,352 |
Calbee, Inc. (Consumer Staples) | (a) | 6,000 | 139,322 |
Canon, Inc. (Information Technology) | (a) | 5,200 | 126,847 |
Casio Computer Co. Ltd. (Consumer Discretionary) | (a) | 88,000 | 1,133,134 |
Chugai Pharmaceutical Co. Ltd. (Health Care) | (a) | 19,000 | 619,324 |
COMSYS Holdings Corp. (Industrials) | (a) | 2,100 | 46,784 |
Dai-ichi Life Holdings, Inc. (Financials) | (a) | 5,600 | 112,952 |
Daiichi Sankyo Co. Ltd. (Health Care) | (a) | 21,400 | 544,660 |
Daikin Industries Ltd. (Industrials) | (a) | 7,800 | 1,766,850 |
Daito Trust Construction Co. Ltd. (Real Estate) | (a) | 17,500 | 2,007,619 |
Daiwa House Industry Co. Ltd. (Real Estate) | (a) | 5,100 | 146,569 |
DMG Mori Co. Ltd. (Industrials) | (a) | 21,000 | 361,301 |
Eisai Co. Ltd. (Health Care) | (a) | 13,600 | 772,042 |
FANUC Corp. (Industrials) | (a) | 500 | 106,281 |
Fast Retailing Co. Ltd. (Consumer Discretionary) | (a) | 700 | 397,911 |
Fuji Oil Holdings, Inc. (Consumer Staples) | (a) | 71,300 | 1,439,884 |
FUJIFILM Holdings Corp. (Information Technology) | (a) | 8,000 | 593,074 |
Hikari Tsushin, Inc. (Consumer Discretionary) | (a) | 2,400 | 369,618 |
Hisamitsu Pharmaceutical Co., Inc. (Health Care) | (a) | 5,900 | 203,813 |
Honda Motor Co. Ltd. (Consumer Discretionary) | (a) | 41,800 | 1,189,241 |
Hoya Corp. (Health Care) | (a) | 20,300 | 3,012,352 |
Hulic Co. Ltd. (Real Estate) | (a) | 26,100 | 248,198 |
Inpex Corp. (Energy) | (a) | 124,300 | 1,080,863 |
ITOCHU Corp. (Industrials) | (a) | 88,100 | 2,695,321 |
Itochu Techno-Solutions Corp. (Information Technology) | (a) | 2,100 | 67,552 |
Japan Post Holdings Co. Ltd. (Financials) | (a) | 427,800 | 3,332,678 |
Japan Tobacco, Inc. (Consumer Staples) | (a) | 253,600 | 5,120,676 |
Kao Corp. (Consumer Staples) | (a) | 17,200 | 900,838 |
KDDI Corp. (Communication Services) | (a) | 17,700 | 517,613 |
Keyence Corp. (Information Technology) | (a) | 3,400 | 2,137,777 |
Komatsu Ltd. (Industrials) | (a) | 4,800 | 112,253 |
Kuraray Co. Ltd. (Materials) | (a) | 8,900 | 77,399 |
Lion Corp. (Consumer Staples) | (a) | 39,500 | 528,037 |
Marubeni Corp. (Industrials) | (a) | 51,700 | 503,713 |
Mitsubishi Electric Corp. (Industrials) | (a) | 15,000 | 190,395 |
Mitsubishi Gas Chemical Co., Inc. (Materials) | (a) | 1,900 | 32,208 |
MS&AD Insurance Group Holdings, Inc. (Financials) | (a) | 83,300 | 2,564,998 |
Murata Manufacturing Co. Ltd. (Information Technology) | (a) | 16,300 | 1,300,128 |
NEC Corp. (Information Technology) | (a) | 50,400 | 2,330,481 |
NET One Systems Co. Ltd. (Information Technology) | (a) | 12,100 | 325,584 |
Nexon Co. Ltd. (Communication Services) | (a) | 18,000 | 348,052 |
NGK Spark Plug Co. Ltd. (Consumer Discretionary) | (a) | 11,300 | 196,759 |
NH Foods Ltd. (Consumer Staples) | (a) | 6,700 | 241,575 |
Nihon M&A Center Holdings, Inc. (Industrials) | (a) | 8,000 | 196,233 |
Nikon Corp. (Consumer Discretionary) | (a) | 3,300 | 35,548 |
Nippon Telegraph & Telephone Corp. (Communication Services) | (a) | 11,400 | 311,770 |
Nomura Real Estate Holdings, Inc. (Real Estate) | (a) | 3,400 | 78,343 |
Obic Co. Ltd. (Information Technology) | (a) | 3,800 | 711,167 |
Olympus Corp. (Health Care) | (a) | 111,800 | 2,574,444 |
Omron Corp. (Information Technology) | (a) | 16,400 | 1,634,216 |
Rakus Co. Ltd. (Information Technology) | (a) | 10,800 | 289,827 |
Recruit Holdings Co. Ltd. (Industrials) | (a) | 54,000 | 3,286,207 |
Relo Group, Inc. (Real Estate) | (a) | 10,300 | 185,883 |
Common Stocks (Continued) | Shares | Value | |
Japan (continued) | |||
Santen Pharmaceutical Co. Ltd. (Health Care) | (a) | 3,200 | $ 39,068 |
Secom Co. Ltd. (Industrials) | (a) | 4,600 | 319,637 |
Sekisui House Ltd. (Consumer Discretionary) | (a) | 176,700 | 3,801,831 |
Shin-Etsu Chemical Co. Ltd. (Materials) | (a) | 11,800 | 2,048,189 |
SoftBank Corp. (Communication Services) | (a) | 83,200 | 1,050,863 |
SoftBank Group Corp. (Communication Services) | (a) | 35,000 | 1,677,905 |
Sony Group Corp. (Consumer Discretionary) | (a) | 5,000 | 631,391 |
Subaru Corp. (Consumer Discretionary) | (a) | 34,500 | 616,439 |
Sumitomo Chemical Co. Ltd. (Materials) | (a) | 989,200 | 4,664,879 |
Sumitomo Corp. (Industrials) | (a) | 259,300 | 3,837,482 |
Sumitomo Heavy Industries Ltd. (Industrials) | (a) | 1,700 | 41,264 |
Sumitomo Mitsui Financial Group, Inc. (Financials) | (a) | 170,400 | 5,818,696 |
Sundrug Co. Ltd. (Consumer Staples) | (a) | 11,000 | 287,577 |
Suntory Beverage & Food Ltd. (Consumer Staples) | (a) | 18,600 | 673,561 |
T&D Holdings, Inc. (Financials) | (a) | 44,500 | 568,522 |
Taiheiyo Cement Corp. (Materials) | (a) | 4,300 | 84,914 |
TDK Corp. (Information Technology) | (a) | 4,700 | 183,422 |
Teijin Ltd. (Materials) | (a) | 4,300 | 52,926 |
Terumo Corp. (Health Care) | (a) | 75,200 | 3,176,493 |
Tokio Marine Holdings, Inc. (Financials) | (a) | 46,100 | 2,566,370 |
Tokyo Electron Ltd. (Information Technology) | (a) | 11,100 | 6,388,853 |
Tokyo Gas Co. Ltd. (Utilities) | (a) | 84,500 | 1,516,806 |
Toshiba Corp. (Industrials) | (a) | 11,900 | 489,666 |
Toyota Motor Corp. (Consumer Discretionary) | (a) | 89,600 | 1,656,040 |
Trend Micro, Inc. (Information Technology) | (a)(b) | 15,700 | 871,601 |
Unicharm Corp. (Consumer Staples) | (a) | 48,900 | 2,127,500 |
Yamada Holdings Co. Ltd. (Consumer Discretionary) | (a) | 253,600 | 866,983 |
Yamaha Motor Co. Ltd. (Consumer Discretionary) | (a) | 3,300 | 79,263 |
103,725,523 | |||
France–12.2% | |||
Air Liquide SA (Materials) | (a) | 16,396 | 2,859,533 |
Amundi SA (Financials) | (a) | 10,017 | 826,246 |
AXA SA (Financials) | (a) | 34,576 | 1,029,094 |
Capgemini SE (Information Technology) | (a) | 15,867 | 3,888,692 |
Credit Agricole SA (Financials) | (a) | 30,135 | 429,644 |
Dassault Systemes SE (Information Technology) | (a) | 90,035 | 5,343,158 |
Electricite de France SA (Utilities) | (a) | 227,640 | 2,677,340 |
Engie SA (Utilities) | (a) | 282,258 | 4,178,937 |
Hermes International (Consumer Discretionary) | (a) | 1,957 | 3,419,609 |
Kering SA (Consumer Discretionary) | (a) | 5,501 | 4,413,736 |
Klepierre SA (Real Estate) | (a) | 28,748 | 680,242 |
Legrand SA (Industrials) | (a) | 10,353 | 1,212,554 |
L'Oreal SA (Consumer Staples) | (a) | 16,854 | 8,036,201 |
LVMH Moet Hennessy Louis Vuitton SE (Consumer Discretionary) | (a) | 3,869 | 3,197,472 |
Pernod Ricard SA (Consumer Staples) | (a) | 2,562 | 616,360 |
Publicis Groupe SA (Communication Services) | (a) | 4,745 | 319,690 |
Rubis SCA (Utilities) | (a) | 57,537 | 1,720,541 |
Sanofi (Health Care) | (a) | 12,164 | 1,220,584 |
Sartorius Stedim Biotech (Health Care) | (a) | 1,513 | 830,948 |
Schneider Electric SE (Industrials) | (a) | 34,200 | 6,723,562 |
Societe Generale SA (Financials) | (a) | 82,724 | 2,843,117 |
Sodexo SA (Consumer Discretionary) | (a) | 4,067 | 356,546 |
Teleperformance (Industrials) | (a) | 2,899 | 1,296,073 |
TotalEnergies SE (Energy) | (a) | 73,933 | 3,763,205 |
Unibail-Rodamco-Westfield (Real Estate) | (a)(b) | 530 | 37,089 |
Wendel SE (Financials) | (a) | 382 | 45,773 |
61,965,946 | |||
United Kingdom–11.3% | |||
3i Group PLC (Financials) | (a) | 10,447 | 204,795 |
Ohio National Fund, Inc. | ON BlackRock Advantage International Equity Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
United Kingdom (continued) | |||
Anglo American PLC (Materials) | (a) | 33,840 | $ 1,391,914 |
Ashtead Group PLC (Industrials) | (a) | 68,539 | 5,525,239 |
Associated British Foods PLC (Consumer Staples) | (a) | 41,242 | 1,128,956 |
AstraZeneca PLC (Health Care) | (a) | 46,567 | 5,437,598 |
Bellway PLC (Consumer Discretionary) | (a) | 7,746 | 352,056 |
BP PLC (Energy) | (a) | 604,838 | 2,710,050 |
British American Tobacco PLC (Consumer Staples) | (a) | 163,175 | 6,058,966 |
BT Group PLC (Communication Services) | (a) | 452,469 | 1,040,904 |
Burberry Group PLC (Consumer Discretionary) | (a) | 21,929 | 541,257 |
Compass Group PLC (Consumer Discretionary) | (a)(b) | 17,200 | 387,235 |
Croda International PLC (Materials) | (a) | 5,210 | 713,621 |
Diageo PLC (Consumer Staples) | (a) | 148,438 | 8,116,002 |
Future PLC (Communication Services) | (a) | 1,782 | 92,256 |
GlaxoSmithKline PLC (Health Care) | (a) | 81,182 | 1,767,555 |
Greggs PLC (Consumer Discretionary) | (a) | 12,334 | 558,301 |
Halma PLC (Information Technology) | (a) | 669 | 29,007 |
HomeServe PLC (Industrials) | (a) | 67,949 | 804,294 |
IG Group Holdings PLC (Financials) | (a) | 36,368 | 401,988 |
IMI PLC (Industrials) | (a) | 19,757 | 465,949 |
International Consolidated Airlines Group SA (Industrials) | (a)(b) | 240,671 | 468,402 |
ITV PLC (Communication Services) | (a)(b) | 845,977 | 1,272,024 |
Kingfisher PLC (Consumer Discretionary) | (a) | 138,137 | 635,395 |
Lloyds Banking Group PLC (Financials) | (a) | 3,759,444 | 2,441,350 |
Next PLC (Consumer Discretionary) | (a) | 5,397 | 596,924 |
Persimmon PLC (Consumer Discretionary) | (a) | 1,911 | 74,069 |
Phoenix Group Holdings PLC (Financials) | (a) | 9,639 | 85,325 |
RELX PLC (Industrials) | (a) | 77,272 | 2,522,691 |
Rightmove PLC (Communication Services) | (a) | 120,106 | 1,296,038 |
Rio Tinto PLC (Materials) | (a) | 5,379 | 354,725 |
Royal Mail PLC (Industrials) | (a) | 9,739 | 66,773 |
Smiths Group PLC (Industrials) | (a) | 54,831 | 1,173,673 |
Standard Chartered PLC (Financials) | (a) | 241,315 | 1,467,384 |
Taylor Wimpey PLC (Consumer Discretionary) | (a) | 25,439 | 60,650 |
Tesco PLC (Consumer Staples) | (a) | 635,103 | 2,500,447 |
Unilever PLC (Consumer Staples) | (a) | 47,915 | 2,570,470 |
Unilever PLC (Consumer Staples) | (a) | 9,749 | 522,607 |
WH Smith PLC (Consumer Discretionary) | (a)(b) | 1,161 | 23,336 |
Whitbread PLC (Consumer Discretionary) | (a)(b) | 36,470 | 1,483,513 |
WPP PLC (Communication Services) | (a) | 5,923 | 90,194 |
57,433,933 | |||
Germany–9.6% | |||
Allianz SE (Financials) | (a) | 22,232 | 5,243,609 |
Bayer AG (Health Care) | (a) | 27,041 | 1,444,105 |
Bayerische Motoren Werke AG (Consumer Discretionary) | (a) | 23,933 | 2,394,311 |
Covestro AG (Materials) | (a) | 5,982 | 368,180 |
Daimler AG (Consumer Discretionary) | (a) | 1,238 | 94,588 |
Deutsche Boerse AG (Financials) | (a) | 8,099 | 1,352,326 |
Deutsche Post AG (Industrials) | (a) | 101,156 | 6,506,430 |
DWS Group GmbH & Co. KGaA (Financials) | (a) | 22,239 | 896,810 |
Evonik Industries AG (Materials) | (a) | 136,432 | 4,407,500 |
Fraport AG Frankfurt Airport Services Worldwide (Industrials) | (a)(b) | 462 | 30,934 |
Freenet AG (Communication Services) | (a) | 8,420 | 222,524 |
Gerresheimer AG (Health Care) | (a) | 14,202 | 1,365,507 |
Hella GmbH & Co. KGaA (Consumer Discretionary) | (c) | 2 | 136 |
HOCHTIEF AG (Industrials) | (a) | 3,976 | 320,211 |
HUGO BOSS AG (Consumer Discretionary) | (a) | 3,183 | 192,680 |
Merck KGaA (Health Care) | (a) | 1,175 | 302,277 |
MTU Aero Engines AG (Industrials) | (a) | 1,874 | 380,504 |
SAP SE (Information Technology) | (a) | 63,554 | 8,944,558 |
Scout24 SE (Communication Services) | (a) | 69,811 | 4,874,644 |
Siemens AG (Industrials) | (a) | 48,304 | 8,366,387 |
Common Stocks (Continued) | Shares | Value | |
Germany (continued) | |||
Telefonica Deutschland Holding AG (Communication Services) | (a) | 62,223 | $ 172,593 |
Wacker Chemie AG (Materials) | (a) | 6,538 | 971,947 |
48,852,761 | |||
Switzerland–8.6% | |||
ABB Ltd. (Industrials) | (a) | 163,737 | 6,240,472 |
Adecco Group AG (Industrials) | (a) | 5,504 | 280,469 |
Baloise Holding AG (Financials) | (a) | 2,272 | 370,820 |
Banque Cantonale Vaudoise (Financials) | (a) | 5,866 | 454,995 |
Cie Financiere Richemont SA (Consumer Discretionary) | (a) | 30,885 | 4,615,294 |
Givaudan SA (Materials) | (a) | 952 | 4,994,767 |
Glencore PLC (Materials) | (a) | 8,880 | 45,246 |
IWG PLC (Real Estate) | (a)(b) | 101,190 | 398,815 |
Nestle SA (Consumer Staples) | (a) | 52,180 | 7,285,230 |
Novartis AG (Health Care) | (a) | 114,094 | 10,025,665 |
Partners Group Holding AG (Financials) | (a) | 1,172 | 1,934,749 |
PSP Swiss Property AG (Real Estate) | (a) | 327 | 40,749 |
Roche Holding AG (Health Care) | (a) | 10,590 | 4,393,379 |
Roche Holding AG (Health Care) | (a) | 331 | 148,149 |
Swatch Group AG / The (Consumer Discretionary) | (a) | 511 | 155,618 |
Tecan Group AG (Health Care) | (a) | 570 | 346,199 |
VAT Group AG (Industrials) | (a) | 785 | 388,986 |
Zurich Insurance Group AG (Financials) | (a) | 3,570 | 1,563,942 |
43,683,544 | |||
Netherlands–6.9% | |||
Adyen N.V. (Information Technology) | (a)(b) | 469 | 1,231,125 |
Argenx SE (Health Care) | (a)(b) | 612 | 217,632 |
ASML Holding N.V. (Information Technology) | (a) | 16,017 | 12,829,935 |
ASR Nederland N.V. (Financials) | (a) | 65,819 | 3,031,179 |
IMCD N.V. (Industrials) | (a) | 5,832 | 1,288,890 |
Koninklijke Ahold Delhaize N.V. (Consumer Staples) | (a) | 76,732 | 2,633,161 |
Koninklijke KPN N.V. (Communication Services) | (a) | 301,506 | 934,857 |
Koninklijke Philips N.V. (Health Care) | (a) | 2,359 | 87,310 |
NN Group N.V. (Financials) | (a) | 4,022 | 217,511 |
PostNL N.V. (Industrials) | (a) | 212,234 | 922,829 |
Randstad N.V. (Industrials) | (a) | 30,424 | 2,075,441 |
Royal Dutch Shell PLC Class A (Energy) | (a) | 187,041 | 4,098,891 |
Royal Dutch Shell PLC Class B (Energy) | (a) | 70,422 | 1,546,226 |
Stellantis N.V. (Consumer Discretionary) | (a) | 7,751 | 146,328 |
Wolters Kluwer N.V. (Industrials) | (a) | 33,703 | 3,966,872 |
35,228,187 | |||
Australia–5.2% | |||
AGL Energy Ltd. (Utilities) | (a) | 133,683 | 597,265 |
Alumina Ltd. (Materials) | (a) | 79,799 | 108,552 |
Aristocrat Leisure Ltd. (Consumer Discretionary) | (a) | 76,453 | 2,425,285 |
Aurizon Holdings Ltd. (Industrials) | (a) | 371,055 | 942,712 |
BHP Group Ltd. (Materials) | (a) | 157,873 | 4,766,458 |
BHP Group PLC (Materials) | (a) | 6,433 | 191,412 |
Charter Hall Group (Real Estate) | (a) | 2,926 | 43,773 |
CSL Ltd. (Health Care) | (a) | 13,312 | 2,815,491 |
Goodman Group (Real Estate) | (a) | 36,065 | 695,218 |
Harvey Norman Holdings Ltd. (Consumer Discretionary) | (a) | 58,787 | 211,301 |
JB Hi-Fi Ltd. (Consumer Discretionary) | (a) | 20,489 | 720,484 |
Medibank Pvt. Ltd. (Financials) | (a) | 1,354,272 | 3,298,466 |
Mirvac Group (Real Estate) | (a) | 558,554 | 1,182,333 |
Nine Entertainment Co. Holdings Ltd. (Communication Services) | (a) | 11,857 | 25,057 |
Orora Ltd. (Materials) | (a) | 11,281 | 28,791 |
QBE Insurance Group Ltd. (Financials) | (a) | 19,831 | 163,759 |
Ohio National Fund, Inc. | ON BlackRock Advantage International Equity Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Australia (continued) | |||
REA Group Ltd. (Communication Services) | (a) | 25,071 | $ 3,057,198 |
Scentre Group (Real Estate) | (a) | 1,002,806 | 2,306,832 |
Sonic Healthcare Ltd. (Health Care) | (a) | 916 | 31,067 |
South32 Ltd. (Materials) | (a) | 400,721 | 1,171,941 |
Stockland (Real Estate) | (a) | 219,699 | 677,775 |
WiseTech Global Ltd. (Information Technology) | (a) | 18,847 | 799,328 |
Worley Ltd. (Energy) | (a) | 28,928 | 224,111 |
26,484,609 | |||
Sweden–4.9% | |||
Atlas Copco AB Class A (Industrials) | (a) | 38,039 | 2,628,526 |
Atlas Copco AB Class B (Industrials) | (a) | 5,907 | 346,979 |
Avanza Bank Holding AB (Financials) | (a) | 1,505 | 55,127 |
Castellum AB (Real Estate) | (a) | 15,561 | 418,439 |
Elekta AB Class B (Health Care) | (a) | 103,521 | 1,308,870 |
Evolution AB (Consumer Discretionary) | (a) | 5,044 | 712,924 |
Fastighets AB Balder (Real Estate) | (a)(b) | 743 | 53,469 |
Hexagon AB Class B (Information Technology) | (a) | 62,197 | 985,234 |
Indutrade AB (Industrials) | (a) | 16,866 | 514,937 |
Investor AB Class B (Financials) | (a) | 212,412 | 5,330,119 |
L E Lundbergforetagen AB Class B (Financials) | (a) | 6,113 | 342,485 |
Lundin Energy AB (Energy) | (a) | 29,395 | 1,051,834 |
Saab AB Class B (Industrials) | (a) | 86,632 | 2,200,427 |
Sagax AB Class B (Real Estate) | (a) | 14,915 | 501,703 |
Samhallsbyggnadsbolaget I Norden AB (Real Estate) | (a) | 10,222 | 74,956 |
Svenska Handelsbanken AB Class A (Financials) | (a) | 60,079 | 649,330 |
Swedbank AB (Financials) | (a) | 7,627 | 153,271 |
Swedish Match AB (Consumer Staples) | (a) | 591,585 | 4,696,405 |
Tele2 AB Class B (Communication Services) | (a) | 39,849 | 568,472 |
Telefonaktiebolaget LM Ericsson Class B (Information Technology) | (a) | 179,848 | 1,978,875 |
Volvo AB Class B (Industrials) | (a) | 3,101 | 71,715 |
24,644,097 | |||
Finland–2.7% | |||
Kesko Oyj Class B (Consumer Staples) | (a) | 35,082 | 1,169,311 |
Kone Oyj Class B (Industrials) | (a) | 67,915 | 4,873,490 |
Neste Oyj (Energy) | (a) | 26,067 | 1,282,908 |
Nokia Oyj (Information Technology) | (a)(b) | 399,074 | 2,527,609 |
Nordea Bank Abp (Financials) | (a) | 303,160 | 3,698,111 |
13,551,429 | |||
Denmark–2.3% | |||
AP Moller - Maersk A/S Class B (Industrials) | (a) | 111 | 396,194 |
Carlsberg AS Class B (Consumer Staples) | (a) | 4,888 | 843,902 |
Coloplast A/S Class B (Health Care) | (a) | 7,667 | 1,349,969 |
Demant A/S (Health Care) | (a)(b) | 1,560 | 79,881 |
Genmab A/S (Health Care) | (a)(b) | 2,537 | 1,012,651 |
Novo Nordisk A/S Class B (Health Care) | (a) | 71,303 | 8,009,171 |
11,691,768 | |||
Hong Kong–2.1% | |||
AIA Group Ltd. (Financials) | (a) | 631,000 | 6,368,582 |
CK Hutchison Holdings Ltd. (Industrials) | (a) | 61,500 | 395,963 |
Kerry Properties Ltd. (Real Estate) | (a) | 249,500 | 649,788 |
Link REIT (Real Estate) | (a) | 8,200 | 72,236 |
NWS Holdings Ltd. (Industrials) | (a) | 68,000 | 63,791 |
Swire Properties Ltd. (Real Estate) | (a) | 298,000 | 747,050 |
Techtronic Industries Co. Ltd. (Industrials) | (a) | 105,500 | 2,103,132 |
10,400,542 | |||
Italy–1.8% | |||
Amplifon SpA (Health Care) | (a) | 4,510 | 242,675 |
Banca Mediolanum SpA (Financials) | (a) | 52,056 | 513,191 |
Banco BPM SpA (Financials) | (a) | 12,002 | 35,935 |
BPER Banca (Financials) | (a) | 270,484 | 559,013 |
Common Stocks (Continued) | Shares | Value | |
Italy (continued) | |||
Enel SpA (Utilities) | (a) | 6,699 | $ 53,566 |
Hera SpA (Utilities) | (a) | 58,480 | 243,064 |
Intesa Sanpaolo SpA (Financials) | (a) | 1,312,093 | 3,389,035 |
Italgas SpA (Utilities) | (a) | 80,485 | 553,243 |
Mediobanca Banca di Credito Finanziario SpA (Financials) | (a) | 236,051 | 2,709,978 |
Moncler SpA (Consumer Discretionary) | (a) | 3,652 | 263,924 |
Pirelli & C SpA (Consumer Discretionary) | (a) | 26,906 | 186,607 |
PRADA SpA (Consumer Discretionary) | (a) | 42,700 | 273,420 |
Reply SpA (Information Technology) | (a) | 1,382 | 280,695 |
UniCredit SpA (Financials) | (a) | 1,466 | 22,534 |
9,326,880 | |||
Spain–1.6% | |||
Acciona SA (Utilities) | (a) | 4,965 | 945,030 |
Banco Bilbao Vizcaya Argentaria SA (Financials) | (a) | 210,509 | 1,248,524 |
Banco de Sabadell SA (Financials) | (a)(b) | 82,289 | 54,842 |
Banco Santander SA (Financials) | (a) | 23,175 | 76,966 |
Bankinter SA (Financials) | (a) | 50,897 | 259,327 |
Fluidra SA (Industrials) | (a) | 27,569 | 1,099,513 |
Iberdrola SA (Utilities) | (a) | 6,476 | 76,676 |
Industria de Diseno Textil SA (Consumer Discretionary) | (a) | 109,610 | 3,534,926 |
Repsol SA (Energy) | (a) | 53,795 | 637,101 |
7,932,905 | |||
Ireland–1.5% | |||
AIB Group PLC (Financials) | (a)(b) | 13,753 | 33,512 |
Bank of Ireland Group PLC (Financials) | (a)(b) | 39,321 | 222,693 |
Experian PLC (Industrials) | (a) | 68,729 | 3,385,306 |
James Hardie Industries PLC (Materials) | (a) | 76,949 | 3,097,362 |
Kerry Group PLC Class A (Consumer Staples) | (a) | 366 | 47,220 |
Kingspan Group PLC (Industrials) | (a) | 7,768 | 926,606 |
7,712,699 | |||
Israel–1.5% | |||
Bank Hapoalim BM (Financials) | (a) | 340,387 | 3,503,249 |
Bank Leumi Le-Israel BM (Financials) | (a) | 4,609 | 49,436 |
Israel Discount Bank Ltd. Class A (Financials) | (a) | 118,868 | 798,111 |
Mizrahi Tefahot Bank Ltd. (Financials) | (a) | 3,979 | 153,234 |
Nice Ltd. (Information Technology) | (a)(b) | 5,388 | 1,633,941 |
Teva Pharmaceutical Industries Ltd. (Health Care) | (a)(b) | 172,149 | 1,406,055 |
7,544,026 | |||
Singapore–1.5% | |||
Jardine Cycle & Carriage Ltd. (Consumer Discretionary) | (a) | 169,600 | 2,590,319 |
Oversea-Chinese Banking Corp. Ltd. (Financials) | (a) | 94,300 | 798,131 |
Singapore Telecommunications Ltd. (Communication Services) | (a) | 1,889,000 | 3,251,876 |
Suntec Real Estate Investment Trust (Real Estate) | (a) | 84,500 | 94,644 |
United Overseas Bank Ltd. (Financials) | (a) | 33,600 | 671,050 |
7,406,020 | |||
Austria–1.0% | |||
ANDRITZ AG (Industrials) | (a) | 20,564 | 1,057,669 |
BAWAG Group AG (Financials) | (a) | 16,326 | 1,001,294 |
Erste Group Bank AG (Financials) | (a) | 54,485 | 2,554,277 |
Raiffeisen Bank International AG (Financials) | (a) | 8,106 | 238,077 |
Wienerberger AG (Materials) | (a) | 3,849 | 141,349 |
4,992,666 | |||
Norway–0.8% | |||
DNB Bank ASA (Financials) | (a) | 2,518 | 57,596 |
Equinor ASA (Energy) | (a) | 152,356 | 4,034,278 |
Ohio National Fund, Inc. | ON BlackRock Advantage International Equity Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Norway (continued) | |||
Gjensidige Forsikring ASA (Financials) | (a) | 3,788 | $ 91,901 |
Nordic Semiconductor ASA (Information Technology) | (a)(b) | 1,549 | 51,948 |
4,235,723 | |||
Belgium–0.7% | |||
D'ieteren Group (Consumer Discretionary) | (a) | 1,243 | 242,313 |
Groupe Bruxelles Lambert SA (Financials) | (a) | 14,340 | 1,601,589 |
Solvay SA (Materials) | (a) | 11,933 | 1,387,282 |
Warehouses De Pauw CVA (Real Estate) | (a) | 1,786 | 85,718 |
3,316,902 | |||
New Zealand–0.4% | |||
Fisher & Paykel Healthcare Corp. Ltd. (Health Care) | (a) | 79,396 | 1,778,753 |
Mainfreight Ltd. (Industrials) | (a) | 407 | 26,145 |
Spark New Zealand Ltd. (Communication Services) | (a) | 131,363 | 406,239 |
2,211,137 | |||
Portugal–0.2% | |||
Jeronimo Martins SGPS SA (Consumer Staples) | (a) | 44,336 | 1,013,775 |
Common Stocks (Continued) | Shares | Value | |
Luxembourg–0.1% | |||
RTL Group SA (Communication Services) | (a) | 11,319 | $ 599,926 |
Total Common Stocks (Cost $469,259,012) | $493,954,998 |
Preferred Securities–0.7% | Rate | Quantity | Value | |
Germany–0.7% | ||||
Sartorius AG (Health Care) | (a) | 0.119% (d) | 2,762 | $ 1,868,051 |
Volkswagen AG (Consumer Discretionary) | (a) | 2.738% (d) | 7,878 | 1,582,557 |
Total Preferred Securities (Cost $3,404,723) | $ 3,450,608 |
Money Market Funds–1.3% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.040% | (e) | 6,715,179 | $ 6,715,850 |
Total Money Market Funds (Cost $6,716,298) | $ 6,715,850 | ||
Total Investments – 99.3% (Cost $479,380,033) | (f) | $504,121,456 | |
Other Assets in Excess of Liabilities – 0.7% | (g) | 3,345,780 | |
Net Assets – 100.0% | $507,467,236 |
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 $497,405,470 or 98.0% 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 $136 or 0.0% 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, 2021. | |
(f) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 7 of the Notes to Financial Statements. | |
(g) | Includes $513,197 of cash pledged as collateral for the futures contracts outstanding at December 31, 2021. See also the following Schedule of Open Futures Contracts. |
Schedule of Open Futures Contracts | December 31, 2021 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
MSCI EAFE Index - Long | 77 | March 18, 2022 | $8,818,480 | $8,938,930 | $120,450 | $(15,195) |
Ohio National Fund, Inc. | ON Janus Henderson Forty Portfolio (Unaudited) |
Average Annual returns | |
One year | 19.70% |
Five years | 24.49% |
Ten years | 19.68% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2021. |
Ohio National Fund, Inc. | ON Janus Henderson Forty Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2021 (1) | |
% of Net Assets | |
Common Stocks (4) | 97.4 |
Warrants (4) | 0.0 |
Money Market Funds and Other Net Assets | 2.6 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2021 (1) (2) (3) | ||
% of Net Assets | ||
1. | Microsoft Corp. | 10.4 |
2. | Amazon.com, Inc. | 7.4 |
3. | Apple, Inc. | 4.8 |
4. | Mastercard, Inc. Class A | 4.0 |
5. | Alphabet, Inc. Class C | 4.0 |
6. | Danaher Corp. | 3.8 |
7. | ASML Holding N.V. | 3.2 |
8. | Meta Platforms, Inc. Class A | 3.2 |
9. | Align Technology, Inc. | 3.2 |
10. | Sherwin-Williams Co. / The | 3.0 |
(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, Warrants): |
% of Net Assets | |
Information Technology | 34.7 |
Communication Services | 17.4 |
Consumer Discretionary | 15.8 |
Health Care | 13.9 |
Materials | 5.8 |
Industrials | 5.4 |
Real Estate | 2.7 |
Financials | 1.0 |
Consumer Staples | 0.7 |
97.4 |
Ohio National Fund, Inc. | ON Janus Henderson Forty Portfolio |
Schedule of Investments | December 31, 2021 |
Common Stocks–97.4% | Shares | Value | |
Communication Services–17.4% | |||
Alphabet, Inc. Class C (Interactive Media & Svs.) | (a) | 1,949 | $ 5,639,607 |
Booking Holdings, Inc. (Internet & Direct Marketing Retail) | (a) | 980 | 2,351,245 |
Match Group, Inc. (Interactive Media & Svs.) | (a) | 15,196 | 2,009,671 |
Meta Platforms, Inc. Class A (Interactive Media & Svs.) | (a) | 13,457 | 4,526,262 |
Netflix, Inc. (Entertainment) | (a) | 5,701 | 3,434,511 |
Snap, Inc. Class A (Interactive Media & Svs.) | (a) | 76,412 | 3,593,656 |
Walt Disney Co. / The (Entertainment) | (a) | 20,343 | 3,150,927 |
24,705,879 | |||
Consumer Discretionary–15.8% | |||
Amazon.com, Inc. (Internet & Direct Marketing Retail) | (a) | 3,142 | 10,476,496 |
Caesars Entertainment, Inc. (Hotels, Restaurants & Leisure) | (a) | 16,349 | 1,529,122 |
Farfetch Ltd. Class A (Internet & Direct Marketing Retail) | (a) | 28,315 | 946,570 |
Grab Holdings Ltd. Class A (Internet & Direct Marketing Retail) | (a) | 88,775 | 632,966 |
LVMH Moet Hennessy Louis Vuitton SE (Textiles, Apparel & Luxury Goods) | (b) | 2,913 | 2,407,401 |
NIKE, Inc. Class B (Textiles, Apparel & Luxury Goods) | 11,966 | 1,994,373 | |
Peloton Interactive, Inc. Class A (Leisure Products) | (a) | 19,722 | 705,259 |
Rivian Automotive, Inc. Class A (Automobiles) | (a) | 15,839 | 1,642,346 |
TJX Cos., Inc. / The (Specialty Retail) | 28,193 | 2,140,413 | |
22,474,946 | |||
Consumer Staples–0.7% | |||
Olaplex Holdings, Inc. (Personal Products) | (a) | 33,977 | 989,750 |
Financials–1.0% | |||
OneMain Holdings, Inc. (Consumer Finance) | 28,344 | 1,418,334 | |
Health Care–13.9% | |||
Accolade, Inc. (Health Care Providers & Svs.) | (a) | 15,488 | 408,264 |
Align Technology, Inc. (Health Care Equip. & Supplies) | (a) | 6,856 | 4,505,626 |
Ascendis Pharma A/S – ADR (Biotechnology) | (a) | 5,799 | 780,139 |
Boston Scientific Corp. (Health Care Equip. & Supplies) | (a) | 59,224 | 2,515,836 |
Cooper Cos., Inc. / The (Health Care Equip. & Supplies) | 4,363 | 1,827,835 | |
Danaher Corp. (Life Sciences Tools & Svs.) | 16,412 | 5,399,712 | |
Dexcom, Inc. (Health Care Equip. & Supplies) | (a) | 5,293 | 2,842,076 |
Horizon Therapeutics PLC (Biotechnology) | (a) | 13,871 | 1,494,739 |
19,774,227 | |||
Industrials–5.4% | |||
Core & Main, Inc. Class A (Trading Companies & Distributors) | (a) | 92,248 | 2,798,804 |
Common Stocks (Continued) | Shares | Value | |
Industrials (continued) | |||
CoStar Group, Inc. (Professional Svs.) | (a) | 32,684 | $ 2,583,017 |
Howmet Aerospace, Inc. (Aerospace & Defense) | 72,200 | 2,298,126 | |
7,679,947 | |||
Information Technology–34.7% | |||
Adobe, Inc. (Software) | (a) | 6,814 | 3,863,947 |
Apple, Inc. (Tech. Hardware, Storage & Periph.) | 38,487 | 6,834,137 | |
ASML Holding N.V. (Semiconductors & Equip.) | 5,764 | 4,588,951 | |
Atlassian Corp. PLC Class A (Software) | (a) | 5,316 | 2,026,938 |
Dlocal Ltd. (IT Svs.) | (a) | 15,270 | 544,986 |
Mastercard, Inc. Class A (IT Svs.) | 15,738 | 5,654,978 | |
Microsoft Corp. (Software) | 44,200 | 14,865,343 | |
NVIDIA Corp. (Semiconductors & Equip.) | 11,934 | 3,509,909 | |
Texas Instruments, Inc. (Semiconductors & Equip.) | 12,714 | 2,396,207 | |
Twilio, Inc. Class A (IT Svs.) | (a) | 10,841 | 2,854,869 |
Workday, Inc. Class A (Software) | (a) | 8,011 | 2,188,445 |
49,328,710 | |||
Materials–5.8% | |||
Crown Holdings, Inc. (Containers & Packaging) | 35,455 | 3,922,032 | |
Sherwin-Williams Co. / The (Chemicals) | 12,247 | 4,312,904 | |
8,234,936 | |||
Real Estate–2.7% | |||
American Tower Corp. (Equity REIT) | 13,294 | 3,888,495 | |
Total Common Stocks (Cost $85,472,437) | $138,495,224 |
Warrants –0.0% | Expiration | Strike Price | Quantity | Value | |
Consumer Discretionary–0.0% | |||||
Grab Holdings Ltd. (Internet & Direct Marketing Retail) | 12/01/2026 | $11.50 | 10,994 | $ 23,197 | |
Total Warrants (Cost $31,447) | $ 23,197 |
Money Market Funds–2.3% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.040% | (c) | 3,262,969 | $ 3,263,296 |
Total Money Market Funds (Cost $3,263,520) | $ 3,263,296 | ||
Total Investments – 99.7% (Cost $88,767,404) | (d) | $141,781,717 | |
Other Assets in Excess of Liabilities – 0.3% | 391,152 | ||
Net Assets – 100.0% | $142,172,869 |
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 $2,407,401 or 1.7% of the Portfolio’s net assets. | |
(c) | Rate represents the seven-day yield at December 31, 2021. | |
(d) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 7 of the Notes to Financial Statements. |
Ohio National Fund, Inc. | ON AB Small Cap Portfolio (Unaudited) |
Average Annual returns | |
One year | 8.17% |
Five years | 16.70% |
Ten years | 15.86% |
Ohio National Fund, Inc. | ON AB Small Cap Portfolio (Unaudited) (Continued) |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2021. |
Ohio National Fund, Inc. | ON AB Small Cap Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2021 (1) | |
% of Net Assets | |
Common Stocks (4) | 99.4 |
Money Market Funds and Other Net Assets | 0.6 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2021 (1) (2) (3) | ||
% of Net Assets | ||
1. | Trupanion, Inc. | 1.0 |
2. | Lattice Semiconductor Corp. | 1.0 |
3. | John Bean Technologies Corp. | 1.0 |
4. | Chart Industries, Inc. | 0.9 |
5. | Saia, Inc. | 0.9 |
6. | Tetra Tech, Inc. | 0.9 |
7. | Novanta, Inc. | 0.9 |
8. | Synaptics, Inc. | 0.9 |
9. | Silicon Laboratories, Inc. | 0.8 |
10. | MACOM Technology Solutions Holdings, 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): |
% of Net Assets | |
Information Technology | 20.8 |
Industrials | 17.6 |
Health Care | 16.6 |
Financials | 14.6 |
Consumer Discretionary | 14.0 |
Real Estate | 4.3 |
Materials | 3.4 |
Consumer Staples | 3.3 |
Energy | 3.0 |
Communication Services | 0.9 |
Utilities | 0.9 |
99.4 |
Ohio National Fund, Inc. | ON AB Small Cap Portfolio |
Schedule of Investments | December 31, 2021 |
Common Stocks–99.4% | Shares | Value | |
Communication Services–0.9% | |||
AMC Networks, Inc. Class A (Media) | (a) | 3,530 | $ 121,573 |
Cars.com, Inc. (Interactive Media & Svs.) | (a) | 5,115 | 82,300 |
Cinemark Holdings, Inc. (Entertainment) | (a) | 9,019 | 145,386 |
Cogent Communications Holdings, Inc. (Diversified Telecom. Svs.) | 3,530 | 258,325 | |
EW Scripps Co. / The Class A (Media) | 8,220 | 159,057 | |
Loyalty Ventures, Inc. (Media) | (a) | 1,871 | 56,261 |
TechTarget, Inc. (Media) | (a) | 2,320 | 221,931 |
Telephone and Data Systems, Inc. (Wireless Telecom. Svs.) | 8,030 | 161,805 | |
Vonage Holdings Corp. (Diversified Telecom. Svs.) | (a) | 19,669 | 408,919 |
1,615,557 | |||
Consumer Discretionary–14.0% | |||
Abercrombie & Fitch Co. Class A (Specialty Retail) | (a) | 5,210 | 181,464 |
Adtalem Global Education, Inc. (Diversified Consumer Svs.) | (a) | 4,134 | 122,201 |
American Axle & Manufacturing Holdings, Inc. (Auto Components) | (a) | 19,150 | 178,670 |
Asbury Automotive Group, Inc. (Specialty Retail) | (a) | 1,826 | 315,405 |
Bed Bath & Beyond, Inc. (Specialty Retail) | (a) | 8,785 | 128,085 |
Bloomin' Brands, Inc. (Hotels, Restaurants & Leisure) | (a) | 6,750 | 141,615 |
Boot Barn Holdings, Inc. (Specialty Retail) | (a) | 2,520 | 310,086 |
Brinker International, Inc. (Hotels, Restaurants & Leisure) | (a) | 3,970 | 145,262 |
Buckle, Inc. / The (Specialty Retail) | 4,240 | 179,394 | |
Cavco Industries, Inc. (Household Durables) | (a) | 850 | 270,003 |
Century Communities, Inc. (Household Durables) | 2,540 | 207,747 | |
Cheesecake Factory, Inc. / The (Hotels, Restaurants & Leisure) | (a) | 3,690 | 144,464 |
Children's Place, Inc. / The (Specialty Retail) | (a) | 2,270 | 179,988 |
Designer Brands, Inc. Class A (Specialty Retail) | (a) | 10,040 | 142,668 |
Dine Brands Global, Inc. (Hotels, Restaurants & Leisure) | 1,840 | 139,490 | |
Dorman Products, Inc. (Auto Components) | (a) | 2,510 | 283,655 |
Fisker, Inc. (Automobiles) | (a) | 29,010 | 456,327 |
Five Below, Inc. (Specialty Retail) | (a) | 4,490 | 928,936 |
Floor & Decor Holdings, Inc. Class A (Specialty Retail) | (a) | 7,740 | 1,006,277 |
Fox Factory Holding Corp. (Auto Components) | (a) | 8,090 | 1,376,109 |
Gentherm, Inc. (Auto Components) | (a) | 2,750 | 238,975 |
G-III Apparel Group Ltd. (Textiles, Apparel & Luxury Goods) | (a) | 5,470 | 151,191 |
Group 1 Automotive, Inc. (Specialty Retail) | 1,410 | 275,260 | |
Haverty Furniture Cos., Inc. (Specialty Retail) | 3,820 | 116,777 | |
Hayward Holdings, Inc. (Leisure Products) | (a) | 40,140 | 1,052,872 |
Hibbett, Inc. (Specialty Retail) | 2,240 | 161,123 | |
Hilton Grand Vacations, Inc. (Hotels, Restaurants & Leisure) | (a) | 24,820 | 1,293,370 |
Installed Building Products, Inc. (Household Durables) | 1,958 | 273,572 | |
iRobot Corp. (Household Durables) | (a) | 2,450 | 161,406 |
Kontoor Brands, Inc. (Textiles, Apparel & Luxury Goods) | 3,960 | 202,950 | |
LCI Industries (Auto Components) | 2,180 | 339,797 | |
LGI Homes, Inc. (Household Durables) | (a) | 1,930 | 298,146 |
Life Time Group Holdings, Inc. (Hotels, Restaurants & Leisure) | (a) | 39,619 | 681,843 |
Lithia Motors, Inc. (Specialty Retail) | 2,890 | 858,186 | |
Lovesac Co. / The (Household Durables) | (a) | 12,702 | 841,635 |
M.D.C. Holdings, Inc. (Household Durables) | 4,850 | 270,776 | |
M/I Homes, Inc. (Household Durables) | (a) | 2,550 | 158,559 |
Common Stocks (Continued) | Shares | Value | |
Consumer Discretionary (continued) | |||
MarineMax, Inc. (Specialty Retail) | (a) | 3,640 | $ 214,906 |
Meritage Homes Corp. (Household Durables) | (a) | 3,170 | 386,930 |
National Vision Holdings, Inc. (Specialty Retail) | (a) | 21,600 | 1,036,584 |
ODP Corp. / The (Specialty Retail) | (a) | 4,400 | 172,832 |
Oxford Industries, Inc. (Textiles, Apparel & Luxury Goods) | 2,010 | 204,055 | |
Patrick Industries, Inc. (Auto Components) | 1,980 | 159,766 | |
Planet Fitness, Inc. Class A (Hotels, Restaurants & Leisure) | (a) | 11,280 | 1,021,742 |
Rent-A-Center, Inc. (Specialty Retail) | 4,917 | 236,213 | |
Sally Beauty Holdings, Inc. (Specialty Retail) | (a) | 9,740 | 179,800 |
Shake Shack, Inc. Class A (Hotels, Restaurants & Leisure) | (a) | 3,100 | 223,696 |
Shutterstock, Inc. (Internet & Direct Marketing Retail) | 2,040 | 226,195 | |
Signet Jewelers Ltd. (Specialty Retail) | 4,460 | 388,154 | |
Skyline Champion Corp. (Household Durables) | (a) | 16,320 | 1,288,954 |
Sleep Number Corp. (Specialty Retail) | (a) | 11,950 | 915,370 |
Sonic Automotive, Inc. Class A (Specialty Retail) | 3,600 | 178,020 | |
Steven Madden Ltd. (Textiles, Apparel & Luxury Goods) | 6,550 | 304,379 | |
Strategic Education, Inc. (Diversified Consumer Svs.) | 2,073 | 119,902 | |
Sturm Ruger & Co., Inc. (Leisure Products) | 2,740 | 186,375 | |
Tupperware Brands Corp. (Household Durables) | (a) | 7,290 | 111,464 |
Vista Outdoor, Inc. (Leisure Products) | (a) | 5,450 | 251,082 |
Wingstop, Inc. (Hotels, Restaurants & Leisure) | 7,690 | 1,328,832 | |
Winnebago Industries, Inc. (Automobiles) | 2,890 | 216,519 | |
Wolverine World Wide, Inc. (Textiles, Apparel & Luxury Goods) | 7,240 | 208,584 | |
23,774,638 | |||
Consumer Staples–3.3% | |||
B&G Foods, Inc. (Food Products) | 6,090 | 187,146 | |
Cal-Maine Foods, Inc. (Food Products) | 4,760 | 176,072 | |
Celsius Holdings, Inc. (Beverages) | (a) | 3,100 | 231,167 |
Central Garden & Pet Co. Class A (Household Products) | (a) | 3,610 | 172,738 |
Chefs' Warehouse, Inc. / The (Food & Staples Retailing) | (a) | 29,680 | 988,344 |
Coca-Cola Consolidated, Inc. (Beverages) | 610 | 377,706 | |
Edgewell Personal Care Co. (Personal Products) | 4,650 | 212,551 | |
Fresh Del Monte Produce, Inc. (Food Products) | 6,300 | 173,880 | |
Freshpet, Inc. (Food Products) | (a) | 4,280 | 407,756 |
Inter Parfums, Inc. (Personal Products) | 2,410 | 257,629 | |
J & J Snack Foods Corp. (Food Products) | 1,300 | 205,348 | |
Medifast, Inc. (Personal Products) | 1,020 | 213,619 | |
National Beverage Corp. (Beverages) | 3,080 | 139,616 | |
PriceSmart, Inc. (Food & Staples Retailing) | 1,960 | 143,413 | |
Simply Good Foods Co. / The (Food Products) | (a) | 7,200 | 299,304 |
TreeHouse Foods, Inc. (Food Products) | (a) | 4,709 | 190,856 |
United Natural Foods, Inc. (Food & Staples Retailing) | (a) | 4,820 | 236,566 |
USANA Health Sciences, Inc. (Personal Products) | (a) | 1,970 | 199,364 |
Vector Group Ltd. (Tobacco) | 13,620 | 156,358 | |
Vital Farms, Inc. (Food Products) | (a) | 19,290 | 348,377 |
WD-40 Co. (Household Products) | 1,140 | 278,890 | |
5,596,700 | |||
Energy–3.0% | |||
Callon Petroleum Co. (Oil, Gas & Consumable Fuels) | (a) | 4,750 | 224,437 |
Ohio National Fund, Inc. | ON AB Small Cap Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Energy (continued) | |||
ChampionX Corp. (Energy Equip. & Svs.) | (a) | 18,800 | $ 379,948 |
Civitas Resources, Inc. (Oil, Gas & Consumable Fuels) | 5,689 | 278,590 | |
Core Laboratories N.V. (Energy Equip. & Svs.) | 7,290 | 162,640 | |
Green Plains, Inc. (Oil, Gas & Consumable Fuels) | (a) | 5,960 | 207,170 |
Helmerich & Payne, Inc. (Energy Equip. & Svs.) | 9,010 | 213,537 | |
Matador Resources Co. (Oil, Gas & Consumable Fuels) | 33,460 | 1,235,343 | |
Patterson-UTI Energy, Inc. (Energy Equip. & Svs.) | 26,290 | 222,150 | |
PBF Energy, Inc. Class A (Oil, Gas & Consumable Fuels) | (a) | 12,530 | 162,514 |
PDC Energy, Inc. (Oil, Gas & Consumable Fuels) | 8,760 | 427,313 | |
Range Resources Corp. (Oil, Gas & Consumable Fuels) | (a) | 21,720 | 387,267 |
Renewable Energy Group, Inc. (Oil, Gas & Consumable Fuels) | (a) | 3,840 | 162,970 |
RPC, Inc. (Energy Equip. & Svs.) | (a) | 36,570 | 166,028 |
SM Energy Co. (Oil, Gas & Consumable Fuels) | 11,250 | 331,650 | |
Southwestern Energy Co. (Oil, Gas & Consumable Fuels) | (a) | 80,110 | 373,313 |
World Fuel Services Corp. (Oil, Gas & Consumable Fuels) | 5,355 | 141,747 | |
5,076,617 | |||
Financials–14.6% | |||
American Equity Investment Life Holding Co. (Insurance) | 7,460 | 290,343 | |
Ameris Bancorp (Banks) | 5,910 | 293,609 | |
Apollo Commercial Real Estate Finance, Inc. (Mortgage REIT) | 11,680 | 153,709 | |
Assured Guaranty Ltd. (Insurance) | 6,640 | 333,328 | |
Axos Financial, Inc. (Thrifts & Mortgage Finance) | (a) | 4,330 | 242,090 |
B. Riley Financial, Inc. (Capital Markets) | 2,670 | 237,256 | |
BancFirst Corp. (Banks) | 2,560 | 180,634 | |
Bancorp, Inc. / The (Banks) | (a) | 7,170 | 181,473 |
BankUnited, Inc. (Banks) | 8,010 | 338,903 | |
Banner Corp. (Banks) | 3,130 | 189,897 | |
Berkshire Hills Bancorp, Inc. (Banks) | 8,010 | 227,724 | |
Brightsphere Investment Group, Inc. (Capital Markets) | 2,827 | 72,371 | |
Brookline Bancorp, Inc. (Banks) | 11,040 | 178,738 | |
Columbia Banking System, Inc. (Banks) | 6,120 | 200,246 | |
Community Bank System, Inc. (Banks) | 4,580 | 341,118 | |
Customers Bancorp, Inc. (Banks) | (a) | 2,500 | 163,425 |
CVB Financial Corp. (Banks) | 10,890 | 233,155 | |
Dime Community Bancshares, Inc. (Banks) | 5,370 | 188,809 | |
Donnelley Financial Solutions, Inc. (Capital Markets) | (a) | 5,530 | 260,684 |
Eagle Bancorp, Inc. (Banks) | 3,330 | 194,272 | |
Employers Holdings, Inc. (Insurance) | 4,390 | 181,658 | |
Encore Capital Group, Inc. (Consumer Finance) | (a) | 3,210 | 199,373 |
Enova International, Inc. (Consumer Finance) | (a) | 5,190 | 212,582 |
FB Financial Corp. (Banks) | 4,240 | 185,797 | |
First BanCorp (Banks) | 18,380 | 253,276 | |
First Commonwealth Financial Corp. (Banks) | 12,260 | 197,263 | |
First Financial Bancorp (Banks) | 7,980 | 194,552 | |
First Financial Bankshares, Inc. (Banks) | 27,720 | 1,409,285 | |
First Hawaiian, Inc. (Banks) | 11,000 | 300,630 | |
First Midwest Bancorp, Inc. (Banks) | 10,170 | 208,282 | |
Flagstar Bancorp, Inc. (Thrifts & Mortgage Finance) | 4,200 | 201,348 | |
Genworth Financial, Inc. Class A (Insurance) | (a) | 48,010 | 194,441 |
Great Western Bancorp, Inc. (Banks) | 5,380 | 182,705 | |
Green Dot Corp. Class A (Consumer Finance) | (a) | 4,660 | 168,878 |
Hilltop Holdings, Inc. (Banks) | 5,070 | 178,160 |
Common Stocks (Continued) | Shares | Value | |
Financials (continued) | |||
Hope Bancorp, Inc. (Banks) | 11,840 | $ 174,166 | |
Houlihan Lokey, Inc. (Capital Markets) | 10,890 | 1,127,333 | |
Independent Bank Corp. (Banks) | 3,783 | 308,428 | |
Independent Bank Group, Inc. (Banks) | 3,060 | 220,779 | |
Investors Bancorp, Inc. (Banks) | 19,420 | 294,213 | |
James River Group Holdings Ltd. (Insurance) | 4,800 | 138,288 | |
KKR Real Estate Finance Trust, Inc. (Mortgage REIT) | 8,420 | 175,389 | |
Live Oak Bancshares, Inc. (Banks) | 13,740 | 1,199,365 | |
Meta Financial Group, Inc. (Banks) | 3,610 | 215,373 | |
Mr. Cooper Group, Inc. (Thrifts & Mortgage Finance) | (a) | 6,180 | 257,150 |
National Bank Holdings Corp. Class A (Banks) | 4,450 | 195,533 | |
NBT Bancorp, Inc. (Banks) | 4,690 | 180,659 | |
New York Mortgage Trust, Inc. (Mortgage REIT) | 38,720 | 144,038 | |
NMI Holdings, Inc. Class A (Thrifts & Mortgage Finance) | (a) | 7,570 | 165,405 |
Northwest Bancshares, Inc. (Thrifts & Mortgage Finance) | 12,660 | 179,266 | |
Old National Bancorp (Banks) | 14,100 | 255,492 | |
P10, Inc. Class A (Capital Markets) | (a) | 23,661 | 330,781 |
Pacific Premier Bancorp, Inc. (Banks) | 8,070 | 323,042 | |
Park National Corp. (Banks) | 1,420 | 194,980 | |
Piper Sandler Cos. (Capital Markets) | 1,530 | 273,120 | |
PRA Group, Inc. (Consumer Finance) | (a) | 4,720 | 236,991 |
ProAssurance Corp. (Insurance) | 7,110 | 179,883 | |
Provident Financial Services, Inc. (Thrifts & Mortgage Finance) | 7,540 | 182,619 | |
Redwood Trust, Inc. (Mortgage REIT) | 16,000 | 211,040 | |
Renasant Corp. (Banks) | 4,640 | 176,088 | |
Ryan Specialty Group Holdings, Inc. Class A (Insurance) | (a) | 24,939 | 1,006,289 |
S&T Bancorp, Inc. (Banks) | 5,390 | 169,893 | |
Safety Insurance Group, Inc. (Insurance) | 2,170 | 184,515 | |
Seacoast Banking Corp. of Florida (Banks) | 4,890 | 173,057 | |
ServisFirst Bancshares, Inc. (Banks) | 3,930 | 333,814 | |
Simmons First National Corp. Class A (Banks) | 9,350 | 276,573 | |
SiriusPoint Ltd. (Insurance) | (a) | 16,800 | 136,584 |
Southside Bancshares, Inc. (Banks) | 4,430 | 185,263 | |
StepStone Group, Inc. Class A (Capital Markets) | 22,220 | 923,685 | |
Stewart Information Services Corp. (Insurance) | 3,030 | 241,582 | |
Stifel Financial Corp. (Capital Markets) | 15,550 | 1,095,031 | |
StoneX Group, Inc. (Capital Markets) | (a) | 2,800 | 171,500 |
Triumph Bancorp, Inc. (Banks) | (a) | 2,360 | 281,029 |
Trupanion, Inc. (Insurance) | (a) | 13,250 | 1,749,397 |
Trustmark Corp. (Banks) | 5,256 | 170,610 | |
Two Harbors Investment Corp. (Mortgage REIT) | 26,710 | 154,117 | |
United Community Banks, Inc. (Banks) | 8,232 | 295,858 | |
Virtus Investment Partners, Inc. (Capital Markets) | 650 | 193,115 | |
Walker & Dunlop, Inc. (Thrifts & Mortgage Finance) | 2,560 | 386,253 | |
World Acceptance Corp. (Consumer Finance) | (a) | 930 | 228,250 |
WSFS Financial Corp. (Thrifts & Mortgage Finance) | 5,151 | 258,168 | |
24,724,018 | |||
Health Care–16.6% | |||
ADC Therapeutics SA (Biotechnology) | (a) | 13,414 | 270,963 |
Allscripts Healthcare Solutions, Inc. (Health Care Technology) | (a) | 11,420 | 210,699 |
AMN Healthcare Services, Inc. (Health Care Providers & Svs.) | (a) | 4,030 | 492,990 |
Annexon, Inc. (Biotechnology) | (a) | 17,530 | 201,420 |
Ohio National Fund, Inc. | ON AB Small Cap Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
Apollo Medical Holdings, Inc. (Health Care Providers & Svs.) | (a) | 2,415 | $ 177,454 |
Arrowhead Pharmaceuticals, Inc. (Biotechnology) | (a) | 11,310 | 749,853 |
Ascendis Pharma A/S – ADR (Biotechnology) | (a) | 3,163 | 425,518 |
AtriCure, Inc. (Health Care Equip. & Supplies) | (a) | 16,050 | 1,115,957 |
Avid Bioservices, Inc. (Biotechnology) | (a) | 4,897 | 142,894 |
Biohaven Pharmaceutical Holding Co. Ltd. (Biotechnology) | (a) | 5,080 | 700,075 |
Bioxcel Therapeutics, Inc. (Biotechnology) | (a) | 12,770 | 259,614 |
Blueprint Medicines Corp. (Biotechnology) | (a) | 6,960 | 745,486 |
Cardiovascular Systems, Inc. (Health Care Equip. & Supplies) | (a) | 4,410 | 82,820 |
Certara, Inc. (Health Care Technology) | (a) | 27,610 | 784,676 |
Coherus Biosciences, Inc. (Biotechnology) | (a) | 26,100 | 416,556 |
Community Health Systems, Inc. (Health Care Providers & Svs.) | (a) | 15,940 | 212,161 |
CONMED Corp. (Health Care Equip. & Supplies) | 2,520 | 357,235 | |
Corcept Therapeutics, Inc. (Pharmaceuticals) | (a) | 9,360 | 185,328 |
CorVel Corp. (Health Care Providers & Svs.) | (a) | 1,520 | 316,160 |
Covetrus, Inc. (Health Care Providers & Svs.) | (a) | 8,680 | 173,340 |
Cytokinetics, Inc. (Biotechnology) | (a) | 6,940 | 316,325 |
Eagle Pharmaceuticals, Inc. (Biotechnology) | (a) | 4,357 | 221,858 |
Emergent BioSolutions, Inc. (Biotechnology) | (a) | 3,789 | 164,708 |
Ensign Group, Inc. / The (Health Care Providers & Svs.) | 4,350 | 365,226 | |
Erasca, Inc. (Biotechnology) | (a) | 15,187 | 236,613 |
Figs, Inc. Class A (Health Care Equip. & Supplies) | (a) | 24,531 | 676,074 |
Fulgent Genetics, Inc. (Health Care Providers & Svs.) | (a) | 2,310 | 232,363 |
Glaukos Corp. (Health Care Equip. & Supplies) | (a) | 3,959 | 175,938 |
Harmony Biosciences Holdings, Inc. (Pharmaceuticals) | (a) | 5,982 | 255,073 |
Health Catalyst, Inc. (Health Care Technology) | (a) | 26,020 | 1,030,912 |
Heska Corp. (Health Care Equip. & Supplies) | (a) | 969 | 176,833 |
Inari Medical, Inc. (Health Care Equip. & Supplies) | (a) | 12,910 | 1,178,296 |
Insmed, Inc. (Biotechnology) | (a) | 19,209 | 523,253 |
Instil Bio, Inc. (Biotechnology) | (a) | 20,180 | 345,280 |
Integer Holdings Corp. (Health Care Equip. & Supplies) | (a) | 2,840 | 243,076 |
Intellia Therapeutics, Inc. (Biotechnology) | (a) | 7,030 | 831,227 |
iTeos Therapeutics, Inc. (Biotechnology) | (a) | 11,160 | 519,610 |
Lantheus Holdings, Inc. (Health Care Equip. & Supplies) | (a) | 7,500 | 216,675 |
Legend Biotech Corp. – ADR (Biotechnology) | (a) | 9,190 | 428,346 |
LianBio – ADR (Biotechnology) | (a) | 14,219 | 87,589 |
Ligand Pharmaceuticals, Inc. (Biotechnology) | (a) | 1,396 | 215,626 |
Magellan Health, Inc. (Health Care Providers & Svs.) | (a) | 1,890 | 179,531 |
MEDNAX, Inc. (Health Care Providers & Svs.) | (a) | 7,430 | 202,170 |
Merit Medical Systems, Inc. (Health Care Equip. & Supplies) | (a) | 4,190 | 261,037 |
Mesa Laboratories, Inc. (Health Care Equip. & Supplies) | 710 | 232,944 | |
ModivCare, Inc. (Health Care Providers & Svs.) | (a) | 1,273 | 188,773 |
Myriad Genetics, Inc. (Biotechnology) | (a) | 6,470 | 178,572 |
Nektar Therapeutics (Pharmaceuticals) | (a) | 14,570 | 196,841 |
NeoGenomics, Inc. (Life Sciences Tools & Svs.) | (a) | 10,157 | 346,557 |
NextGen Healthcare, Inc. (Health Care Technology) | (a) | 9,710 | 172,741 |
Omnicell, Inc. (Health Care Technology) | (a) | 3,680 | 664,019 |
Outset Medical, Inc. (Health Care Equip. & Supplies) | (a) | 22,210 | 1,023,659 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
Owens & Minor, Inc. (Health Care Providers & Svs.) | 6,400 | $ 278,400 | |
Pacira BioSciences, Inc. (Pharmaceuticals) | (a) | 3,660 | 220,222 |
Praxis Precision Medicines, Inc. (Biotechnology) | (a) | 16,200 | 319,140 |
Prestige Consumer Healthcare, Inc. (Pharmaceuticals) | (a) | 4,080 | 247,452 |
RadNet, Inc. (Health Care Providers & Svs.) | (a) | 7,950 | 239,375 |
Recursion Pharmaceuticals, Inc. Class A (Biotechnology) | (a) | 22,940 | 392,962 |
REGENXBIO, Inc. (Biotechnology) | (a) | 5,120 | 167,424 |
Relay Therapeutics, Inc. (Biotechnology) | (a) | 14,220 | 436,696 |
Repligen Corp. (Life Sciences Tools & Svs.) | (a) | 3,610 | 956,072 |
Select Medical Holdings Corp. (Health Care Providers & Svs.) | 9,420 | 276,948 | |
Sight Sciences, Inc. (Health Care Equip. & Supplies) | (a) | 12,468 | 219,063 |
Silk Road Medical, Inc. (Health Care Equip. & Supplies) | (a) | 13,830 | 589,296 |
Supernus Pharmaceuticals, Inc. (Pharmaceuticals) | (a) | 5,840 | 170,294 |
Surmodics, Inc. (Health Care Equip. & Supplies) | (a) | 3,320 | 159,858 |
Tivity Health, Inc. (Health Care Providers & Svs.) | (a) | 7,350 | 194,334 |
Treace Medical Concepts, Inc. (Health Care Equip. & Supplies) | (a) | 21,243 | 395,970 |
Turning Point Therapeutics, Inc. (Biotechnology) | (a) | 8,080 | 385,416 |
Twist Bioscience Corp. (Biotechnology) | (a) | 3,440 | 266,222 |
Ultragenyx Pharmaceutical, Inc. (Biotechnology) | (a) | 4,950 | 416,246 |
Vericel Corp. (Biotechnology) | (a) | 3,990 | 156,807 |
Vir Biotechnology, Inc. (Biotechnology) | (a) | 12,221 | 511,693 |
Xencor, Inc. (Biotechnology) | (a) | 5,010 | 201,001 |
Y-mAbs Therapeutics, Inc. (Biotechnology) | (a) | 16,210 | 262,764 |
Zentalis Pharmaceuticals, Inc. (Biotechnology) | (a) | 7,060 | 593,464 |
28,166,063 | |||
Industrials–17.6% | |||
AAON, Inc. (Building Products) | 3,530 | 280,388 | |
AAR Corp. (Aerospace & Defense) | (a) | 4,420 | 172,513 |
ABM Industries, Inc. (Commercial Svs. & Supplies) | 5,880 | 240,198 | |
Aerojet Rocketdyne Holdings, Inc. (Aerospace & Defense) | 6,090 | 284,768 | |
AeroVironment, Inc. (Aerospace & Defense) | (a) | 1,930 | 119,718 |
Alamo Group, Inc. (Machinery) | 1,130 | 166,313 | |
Albany International Corp. Class A (Machinery) | 2,590 | 229,085 | |
Allegiant Travel Co. (Airlines) | (a) | 1,130 | 211,355 |
Applied Industrial Technologies, Inc. (Trading Companies & Distributors) | 3,340 | 343,018 | |
ArcBest Corp. (Road & Rail) | 2,440 | 292,434 | |
Arcosa, Inc. (Construction & Engineering) | 4,130 | 217,651 | |
Astec Industries, Inc. (Machinery) | 2,850 | 197,419 | |
Atlas Air Worldwide Holdings, Inc. (Air Freight & Logistics) | (a) | 2,620 | 246,594 |
Axon Enterprise, Inc. (Aerospace & Defense) | (a) | 5,690 | 893,330 |
AZEK Co., Inc. / The (Building Products) | (a) | 22,770 | 1,052,885 |
AZZ, Inc. (Electrical Equip.) | 3,380 | 186,880 | |
Barnes Group, Inc. (Machinery) | 3,920 | 182,633 | |
Boise Cascade Co. (Trading Companies & Distributors) | 3,460 | 246,352 | |
Brady Corp. Class A (Commercial Svs. & Supplies) | 4,230 | 227,997 | |
Chart Industries, Inc. (Machinery) | (a) | 9,830 | 1,567,787 |
Ohio National Fund, Inc. | ON AB Small Cap Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Industrials (continued) | |||
Comfort Systems U.S.A., Inc. (Construction & Engineering) | 3,020 | $ 298,799 | |
Deluxe Corp. (Commercial Svs. & Supplies) | 4,040 | 129,724 | |
Driven Brands Holdings, Inc. (Commercial Svs. & Supplies) | (a) | 35,180 | 1,182,752 |
Encore Wire Corp. (Electrical Equip.) | 2,380 | 340,578 | |
EnPro Industries, Inc. (Machinery) | 2,070 | 227,845 | |
ESCO Technologies, Inc. (Machinery) | 2,290 | 206,077 | |
Exponent, Inc. (Professional Svs.) | 4,430 | 517,114 | |
Federal Signal Corp. (Machinery) | 5,150 | 223,201 | |
Forward Air Corp. (Air Freight & Logistics) | 2,420 | 293,038 | |
Franklin Electric Co., Inc. (Machinery) | 3,280 | 310,157 | |
Gibraltar Industries, Inc. (Building Products) | (a) | 2,710 | 180,703 |
GMS, Inc. (Trading Companies & Distributors) | (a) | 4,070 | 244,648 |
Granite Construction, Inc. (Construction & Engineering) | 4,660 | 180,342 | |
Greenbrier Cos., Inc. / The (Machinery) | 3,760 | 172,546 | |
Griffon Corp. (Building Products) | 6,550 | 186,544 | |
Heartland Express, Inc. (Road & Rail) | 9,560 | 160,799 | |
Hillenbrand, Inc. (Machinery) | 6,520 | 338,975 | |
HNI Corp. (Commercial Svs. & Supplies) | 4,200 | 176,610 | |
Hub Group, Inc. Class A (Air Freight & Logistics) | (a) | 2,970 | 250,193 |
Hydrofarm Holdings Group, Inc. (Machinery) | (a) | 15,424 | 436,345 |
Insperity, Inc. (Professional Svs.) | 7,500 | 885,825 | |
ITT, Inc. (Machinery) | 10,618 | 1,085,053 | |
John Bean Technologies Corp. (Machinery) | 11,060 | 1,698,374 | |
Kaman Corp. (Aerospace & Defense) | 3,330 | 143,690 | |
KAR Auction Services, Inc. (Commercial Svs. & Supplies) | (a) | 9,404 | 146,890 |
Korn Ferry (Professional Svs.) | 4,710 | 356,688 | |
Kornit Digital Ltd. (Machinery) | (a) | 5,390 | 820,627 |
Lindsay Corp. (Machinery) | 1,070 | 162,640 | |
ManTech International Corp. Class A (Professional Svs.) | 2,290 | 167,010 | |
Matson, Inc. (Marine) | 3,810 | 343,014 | |
Meritor, Inc. (Machinery) | (a) | 7,320 | 181,390 |
Middleby Corp. / The (Machinery) | (a) | 5,600 | 1,101,856 |
Moog, Inc. Class A (Aerospace & Defense) | 2,460 | 199,186 | |
Mueller Industries, Inc. (Machinery) | 4,750 | 281,960 | |
MYR Group, Inc. (Construction & Engineering) | (a) | 2,280 | 252,054 |
NV5 Global, Inc. (Construction & Engineering) | (a) | 922 | 127,347 |
Pitney Bowes, Inc. (Commercial Svs. & Supplies) | 23,790 | 157,728 | |
Resideo Technologies, Inc. (Building Products) | (a) | 12,440 | 323,813 |
Saia, Inc. (Road & Rail) | (a) | 4,539 | 1,529,779 |
Simpson Manufacturing Co., Inc. (Building Products) | 10,160 | 1,412,951 | |
SiteOne Landscape Supply, Inc. (Trading Companies & Distributors) | (a) | 4,310 | 1,044,227 |
SkyWest, Inc. (Airlines) | (a) | 4,290 | 168,597 |
SPX Corp. (Machinery) | (a) | 3,807 | 227,202 |
SPX FLOW, Inc. (Machinery) | 3,740 | 323,435 | |
Standex International Corp. (Machinery) | 1,870 | 206,934 | |
Tennant Co. (Machinery) | 2,250 | 182,340 | |
Tetra Tech, Inc. (Commercial Svs. & Supplies) | 8,650 | 1,468,770 | |
U.S. Ecology, Inc. (Commercial Svs. & Supplies) | (a) | 4,190 | 133,829 |
UFP Industries, Inc. (Building Products) | 5,290 | 486,733 | |
UniFirst Corp. (Commercial Svs. & Supplies) | 1,270 | 267,208 | |
Watts Water Technologies, Inc. Class A (Machinery) | 2,280 | 442,708 | |
29,746,166 | |||
Information Technology–20.8% | |||
3D Systems Corp. (Tech. Hardware, Storage & Periph.) | (a) | 10,730 | 231,124 |
8x8, Inc. (Software) | (a) | 9,319 | 156,186 |
ADTRAN, Inc. (Communications Equip.) | 10,400 | 237,432 |
Common Stocks (Continued) | Shares | Value | |
Information Technology (continued) | |||
Advanced Energy Industries, Inc. (Electronic Equip., Instr. & Comp.) | 3,220 | $ 293,213 | |
Alarm.com Holdings, Inc. (Software) | (a) | 3,760 | 318,886 |
Allegro MicroSystems, Inc. (Semiconductors & Equip.) | (a) | 26,070 | 943,213 |
Ambarella, Inc. (Semiconductors & Equip.) | (a) | 6,500 | 1,318,785 |
Amplitude, Inc. Class A (Software) | (a) | 9,962 | 527,388 |
Anaplan, Inc. (Software) | (a) | 12,360 | 566,706 |
Axcelis Technologies, Inc. (Semiconductors & Equip.) | (a) | 4,280 | 319,117 |
Badger Meter, Inc. (Electronic Equip., Instr. & Comp.) | 2,470 | 263,203 | |
BigCommerce Holdings, Inc. Series 1 (IT Svs.) | (a) | 12,430 | 439,649 |
Blackline, Inc. (Software) | (a) | 11,790 | 1,220,737 |
Bottomline Technologies DE, Inc. (Software) | (a) | 4,680 | 264,280 |
Braze, Inc. Class A (Software) | (a) | 7,645 | 589,888 |
Cohu, Inc. (Semiconductors & Equip.) | (a) | 4,400 | 167,596 |
CSG Systems International, Inc. (IT Svs.) | 3,860 | 222,413 | |
CTS Corp. (Electronic Equip., Instr. & Comp.) | 5,070 | 186,170 | |
DigitalOcean Holdings, Inc. (IT Svs.) | (a) | 8,574 | 688,749 |
Diodes, Inc. (Semiconductors & Equip.) | (a) | 3,700 | 406,297 |
Ebix, Inc. (Software) | 5,090 | 154,736 | |
Enfusion, Inc. Class A (Software) | (a) | 20,236 | 423,742 |
EVERTEC, Inc. (IT Svs.) | 5,340 | 266,893 | |
ExlService Holdings, Inc. (IT Svs.) | (a) | 2,890 | 418,385 |
Extreme Networks, Inc. (Communications Equip.) | (a) | 15,620 | 245,234 |
Fabrinet (Electronic Equip., Instr. & Comp.) | (a) | 3,110 | 368,442 |
FARO Technologies, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 2,340 | 163,847 |
FormFactor, Inc. (Semiconductors & Equip.) | (a) | 6,810 | 311,353 |
Insight Enterprises, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 3,010 | 320,866 |
InterDigital, Inc. (Software) | 2,560 | 183,373 | |
Itron, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 3,750 | 256,950 |
Knowles Corp. (Electronic Equip., Instr. & Comp.) | (a) | 8,500 | 198,475 |
Kulicke & Soffa Industries, Inc. (Semiconductors & Equip.) | 5,310 | 321,467 | |
Lattice Semiconductor Corp. (Semiconductors & Equip.) | (a) | 22,235 | 1,713,429 |
Littelfuse, Inc. (Electronic Equip., Instr. & Comp.) | 3,440 | 1,082,499 | |
LivePerson, Inc. (Software) | (a) | 5,529 | 197,496 |
MACOM Technology Solutions Holdings, Inc. (Semiconductors & Equip.) | (a) | 18,108 | 1,417,856 |
Manhattan Associates, Inc. (Software) | (a) | 7,808 | 1,214,066 |
MaxLinear, Inc. (Semiconductors & Equip.) | (a) | 5,930 | 447,063 |
Methode Electronics, Inc. (Electronic Equip., Instr. & Comp.) | 3,960 | 194,713 | |
NetScout Systems, Inc. (Communications Equip.) | (a) | 5,976 | 197,686 |
Novanta, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 8,265 | 1,457,367 |
OneSpan, Inc. (Software) | (a) | 6,630 | 112,246 |
Onto Innovation, Inc. (Semiconductors & Equip.) | (a) | 9,190 | 930,304 |
OSI Systems, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 1,837 | 171,208 |
PC Connection, Inc. (Electronic Equip., Instr. & Comp.) | 3,920 | 169,070 | |
Perficient, Inc. (IT Svs.) | (a) | 2,710 | 350,376 |
Plexus Corp. (Electronic Equip., Instr. & Comp.) | (a) | 2,500 | 239,725 |
Progress Software Corp. (Software) | 4,070 | 196,459 | |
Rambus, Inc. (Semiconductors & Equip.) | (a) | 9,360 | 275,090 |
Rapid7, Inc. (Software) | (a) | 11,734 | 1,380,974 |
Riskified Ltd. Class A (Software) | (a) | 20,976 | 164,871 |
Rogers Corp. (Electronic Equip., Instr. & Comp.) | (a) | 1,630 | 444,990 |
Ohio National Fund, Inc. | ON AB Small Cap Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Information Technology (continued) | |||
Sanmina Corp. (Electronic Equip., Instr. & Comp.) | (a) | 5,660 | $ 234,664 |
Semtech Corp. (Semiconductors & Equip.) | (a) | 14,460 | 1,285,928 |
Shift4 Payments, Inc. Class A (IT Svs.) | (a) | 11,812 | 684,269 |
Silicon Laboratories, Inc. (Semiconductors & Equip.) | (a) | 6,920 | 1,428,426 |
SMART Global Holdings, Inc. (Semiconductors & Equip.) | (a) | 3,850 | 273,312 |
Smartsheet, Inc. Class A (Software) | (a) | 8,570 | 663,747 |
SPS Commerce, Inc. (Software) | (a) | 3,120 | 444,132 |
Switch, Inc. Class A (IT Svs.) | 37,790 | 1,082,306 | |
Synaptics, Inc. (Semiconductors & Equip.) | (a) | 5,015 | 1,451,893 |
TTEC Holdings, Inc. (IT Svs.) | 1,750 | 158,463 | |
TTM Technologies, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 11,850 | 176,565 |
Ultra Clean Holdings, Inc. (Semiconductors & Equip.) | (a) | 3,830 | ��219,689 |
Unisys Corp. (IT Svs.) | (a) | 8,300 | 170,731 |
Varonis Systems, Inc. (Software) | (a) | 21,230 | 1,035,599 |
Viavi Solutions, Inc. (Communications Equip.) | (a) | 19,550 | 344,471 |
Xperi Holding Corp. (Software) | 8,650 | 163,572 | |
35,170,050 | |||
Materials–3.4% | |||
Allegheny Technologies, Inc. (Metals & Mining) | (a) | 10,700 | 170,451 |
Arconic Corp. (Metals & Mining) | (a) | 8,080 | 266,721 |
Balchem Corp. (Chemicals) | 2,790 | 470,394 | |
Carpenter Technology Corp. (Metals & Mining) | 4,690 | 136,901 | |
Element Solutions, Inc. (Chemicals) | 33,180 | 805,610 | |
Ferro Corp. (Chemicals) | (a) | 10,670 | 232,926 |
H.B. Fuller Co. (Chemicals) | 4,520 | 366,120 | |
Innospec, Inc. (Chemicals) | 2,190 | 197,845 | |
Kaiser Aluminum Corp. (Metals & Mining) | 1,470 | 138,092 | |
Kraton Corp. (Chemicals) | (a) | 4,970 | 230,210 |
Livent Corp. (Chemicals) | (a) | 12,820 | 312,552 |
Materion Corp. (Metals & Mining) | 1,860 | 171,008 | |
O-I Glass, Inc. (Containers & Packaging) | (a) | 14,010 | 168,540 |
Quaker Chemical Corp. (Chemicals) | 1,100 | 253,858 | |
Ranpak Holdings Corp. (Containers & Packaging) | (a) | 25,408 | 954,833 |
Schweitzer-Mauduit International, Inc. (Paper & Forest Products) | 3,890 | 116,311 | |
Stepan Co. (Chemicals) | 1,770 | 219,993 | |
Sylvamo Corp. (Paper & Forest Products) | (a) | 6,190 | 172,639 |
Trinseo PLC (Chemicals) | 3,160 | 165,774 | |
Warrior Met Coal, Inc. (Metals & Mining) | 8,050 | 206,966 | |
5,757,744 | |||
Real Estate–4.3% | |||
Agree Realty Corp. (Equity REIT) | 5,300 | 378,208 | |
Alexander & Baldwin, Inc. (Equity REIT) | 9,700 | 243,373 | |
American Assets Trust, Inc. (Equity REIT) | 5,070 | 190,277 | |
Brandywine Realty Trust (Equity REIT) | 14,450 | 193,919 | |
CareTrust REIT, Inc. (Equity REIT) | 8,080 | 184,466 | |
Community Healthcare Trust, Inc. (Equity REIT) | 3,490 | 164,972 | |
DiamondRock Hospitality Co. (Equity REIT) | (a) | 18,760 | 180,284 |
Douglas Elliman, Inc. (Real Estate Mgmt. & Development) | (a) | 6,810 | 78,315 |
Common Stocks (Continued) | Shares | Value | |
Real Estate (continued) | |||
Easterly Government Properties, Inc. (Equity REIT) | 8,296 | $ 190,144 | |
Essential Properties Realty Trust, Inc. (Equity REIT) | 9,500 | 273,885 | |
Four Corners Property Trust, Inc. (Equity REIT) | 6,770 | 199,106 | |
Getty Realty Corp. (Equity REIT) | 5,630 | 180,667 | |
Global Net Lease, Inc. (Equity REIT) | 9,430 | 144,090 | |
Independence Realty Trust, Inc. (Equity REIT) | 10,550 | 272,506 | |
Industrial Logistics Properties Trust (Equity REIT) | 7,170 | 179,609 | |
Innovative Industrial Properties, Inc. (Equity REIT) | 2,040 | 536,336 | |
iStar, Inc. (Equity REIT) | 8,500 | 219,555 | |
LTC Properties, Inc. (Equity REIT) | 5,110 | 174,455 | |
LXP Industrial Trust (Equity REIT) | 23,230 | 362,853 | |
Marcus & Millichap, Inc. (Real Estate Mgmt. & Development) | (a) | 5,030 | 258,844 |
NexPoint Residential Trust, Inc. (Equity REIT) | 3,540 | 296,758 | |
Office Properties Income Trust (Equity REIT) | 6,400 | 158,976 | |
Orion Office REIT, Inc. (Equity REIT) | (a) | 4,390 | 81,961 |
Realogy Holdings Corp. (Real Estate Mgmt. & Development) | (a) | 10,280 | 172,807 |
Retail Opportunity Investments Corp. (Equity REIT) | 10,100 | 197,960 | |
Safehold, Inc. (Equity REIT) | 2,510 | 200,423 | |
SITE Centers Corp. (Equity REIT) | 14,460 | 228,902 | |
St. Joe Co. / The (Real Estate Mgmt. & Development) | 3,880 | 201,954 | |
Tanger Factory Outlet Centers, Inc. (Equity REIT) | 10,180 | 196,270 | |
Uniti Group, Inc. (Equity REIT) | 20,270 | 283,983 | |
Veris Residential, Inc. (Equity REIT) | (a) | 10,860 | 199,607 |
Washington Real Estate Investment Trust (Equity REIT) | 7,650 | 197,753 | |
Xenia Hotels & Resorts, Inc. (Equity REIT) | (a) | 10,060 | 182,187 |
7,205,405 | |||
Utilities–0.9% | |||
American States Water Co. (Water Utilities) | 3,140 | 324,802 | |
Avista Corp. (Multi-Utilities) | 5,790 | 246,017 | |
California Water Service Group (Water Utilities) | 4,230 | 303,968 | |
Chesapeake Utilities Corp. (Gas Utilities) | 1,500 | 218,715 | |
Middlesex Water Co. (Water Utilities) | 1,580 | ��190,074 | |
South Jersey Industries, Inc. (Gas Utilities) | 8,620 | 225,154 | |
1,508,730 | |||
Total Common Stocks (Cost $154,561,576) | $168,341,688 |
Money Market Funds–0.3% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.040% | (b) | 487,581 | $ 487,630 |
Total Money Market Funds (Cost $487,630) | $ 487,630 | ||
Total Investments – 99.7% (Cost $155,049,206) | (c) | $168,829,318 | |
Other Assets in Excess of Liabilities – 0.3% | 467,040 | ||
Net Assets – 100.0% | $169,296,358 |
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, 2021. | |
(c) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 7 of the Notes to Financial Statements. |
Ohio National Fund, Inc. | ON AB Mid Cap Core Portfolio (Unaudited) |
Average Annual returns | |
One year | 16.79% |
Five years | 18.51% |
Ten years | 14.83% |
Ohio National Fund, Inc. | ON AB Mid Cap Core Portfolio (Unaudited) (Continued) |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2021. |
Ohio National Fund, Inc. | ON AB Mid Cap Core Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2021 (1) | |
% of Net Assets | |
Common Stocks (4) | 99.8 |
Money Market Funds Less Net Liabilities | 0.2 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2021 (1) (2) (3) | ||
% of Net Assets | ||
1. | ON Semiconductor Corp. | 1.1 |
2. | MongoDB, Inc. | 0.9 |
3. | Pool Corp. | 0.9 |
4. | Monolithic Power Systems, Inc. | 0.7 |
5. | Vail Resorts, Inc. | 0.7 |
6. | Trex Co., Inc. | 0.7 |
7. | Five Below, Inc. | 0.7 |
8. | Floor & Decor Holdings, Inc. Class A | 0.6 |
9. | Entegris, Inc. | 0.6 |
10. | Repligen Corp. | 0.6 |
(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): |
% of Net Assets | |
Information Technology | 21.3 |
Industrials | 18.0 |
Consumer Discretionary | 16.4 |
Health Care | 12.7 |
Financials | 12.4 |
Real Estate | 6.0 |
Materials | 3.6 |
Energy | 2.9 |
Utilities | 2.5 |
Consumer Staples | 2.3 |
Communication Services | 1.7 |
99.8 |
Ohio National Fund, Inc. | ON AB Mid Cap Core Portfolio |
Schedule of Investments | December 31, 2021 |
Common Stocks–99.8% | Shares | Value | |
Communication Services–1.7% | |||
Criteo SA – ADR (Media) | (a) | 8,000 | $ 310,960 |
Discovery, Inc. Class A (Media) | (a) | 2,020 | 47,551 |
Discovery, Inc. Class C (Media) | (a) | 2,360 | 54,044 |
Fox Corp. Class A (Media) | 2,040 | 75,276 | |
Interpublic Group of Cos., Inc. / The (Media) | 2,400 | 89,880 | |
Liberty Broadband Corp. Class A (Media) | (a) | 480 | 77,232 |
Liberty Broadband Corp. Class C (Media) | (a) | 660 | 106,326 |
Liberty Media Corp. - Liberty Formula One Class C (Media) | (a) | 1,625 | 102,765 |
Liberty Media Corp. - Liberty SiriusXM Class A (Media) | (a) | 1,690 | 85,937 |
Match Group, Inc. (Interactive Media & Svs.) | (a) | 920 | 121,670 |
Omnicom Group, Inc. (Media) | 930 | 68,141 | |
Pinterest, Inc. Class A (Interactive Media & Svs.) | (a) | 1,640 | 59,614 |
Roku, Inc. (Entertainment) | (a) | 450 | 102,690 |
Sirius XM Holdings, Inc. (Media) | 12,500 | 79,375 | |
Spotify Technology SA (Entertainment) | (a) | 550 | 128,716 |
Take-Two Interactive Software, Inc. (Entertainment) | (a) | 470 | 83,528 |
Twitter, Inc. (Interactive Media & Svs.) | (a) | 3,190 | 137,872 |
ViacomCBS, Inc. Class B (Media) | 2,310 | 69,716 | |
1,801,293 | |||
Consumer Discretionary–16.4% | |||
Advance Auto Parts, Inc. (Specialty Retail) | 380 | 91,154 | |
Aptiv PLC (Auto Components) | (a) | 1,100 | 181,445 |
Aramark (Hotels, Restaurants & Leisure) | 1,962 | 72,300 | |
AutoZone, Inc. (Specialty Retail) | (a) | 90 | 188,675 |
Bath & Body Works, Inc. (Specialty Retail) | 1,160 | 80,956 | |
Best Buy Co., Inc. (Specialty Retail) | 940 | 95,504 | |
Brunswick Corp. (Leisure Products) | 1,400 | 141,022 | |
Burlington Stores, Inc. (Specialty Retail) | (a) | 264 | 76,959 |
Caesars Entertainment, Inc. (Hotels, Restaurants & Leisure) | (a) | 770 | 72,018 |
CarMax, Inc. (Specialty Retail) | (a) | 671 | 87,384 |
Carnival Corp. (Hotels, Restaurants & Leisure) | (a) | 3,130 | 62,976 |
Carter's, Inc. (Textiles, Apparel & Luxury Goods) | 3,900 | 394,758 | |
Carvana Co. (Specialty Retail) | (a) | 270 | 62,583 |
Chipotle Mexican Grill, Inc. (Hotels, Restaurants & Leisure) | (a) | 110 | 192,308 |
D.R. Horton, Inc. (Household Durables) | 1,350 | 146,408 | |
Dana, Inc. (Auto Components) | 8,080 | 184,386 | |
Darden Restaurants, Inc. (Hotels, Restaurants & Leisure) | 530 | 79,839 | |
Dine Brands Global, Inc. (Hotels, Restaurants & Leisure) | 4,150 | 314,612 | |
Dollar Tree, Inc. (Multiline Retail) | (a) | 970 | 136,304 |
Domino's Pizza, Inc. (Hotels, Restaurants & Leisure) | 180 | 101,579 | |
DoorDash, Inc. Class A (Internet & Direct Marketing Retail) | (a) | 531 | 79,066 |
DraftKings, Inc. Class A (Hotels, Restaurants & Leisure) | (a) | 1,490 | 40,930 |
Dutch Bros, Inc. Class A (Hotels, Restaurants & Leisure) | (a) | 3,764 | 191,625 |
Etsy, Inc. (Internet & Direct Marketing Retail) | (a) | 484 | 105,967 |
Expedia Group, Inc. (Hotels, Restaurants & Leisure) | (a) | 570 | 103,010 |
Fisker, Inc. (Automobiles) | (a) | 10,410 | 163,749 |
Five Below, Inc. (Specialty Retail) | (a) | 3,290 | 680,668 |
Floor & Decor Holdings, Inc. Class A (Specialty Retail) | (a) | 5,037 | 654,860 |
Frontdoor, Inc. (Diversified Consumer Svs.) | (a) | 1,428 | 52,336 |
Garmin Ltd. (Household Durables) | 610 | 83,064 | |
Gentex Corp. (Auto Components) | 2,170 | 75,625 | |
Genuine Parts Co. (Distributors) | 610 | 85,522 | |
Goodyear Tire & Rubber Co. / The (Auto Components) | (a) | 19,940 | 425,121 |
Hasbro, Inc. (Leisure Products) | 770 | 78,371 | |
Hilton Grand Vacations, Inc. (Hotels, Restaurants & Leisure) | (a) | 4,660 | 242,833 |
Hilton Worldwide Holdings, Inc. (Hotels, Restaurants & Leisure) | (a) | 1,120 | 174,709 |
Common Stocks (Continued) | Shares | Value | |
Consumer Discretionary (continued) | |||
Houghton Mifflin Harcourt Co. (Diversified Consumer Svs.) | (a) | 11,050 | $ 177,905 |
Hyatt Hotels Corp. Class A (Hotels, Restaurants & Leisure) | (a) | 930 | 89,187 |
KB Home (Household Durables) | 7,110 | 318,030 | |
Kontoor Brands, Inc. (Textiles, Apparel & Luxury Goods) | 4,290 | 219,863 | |
Latham Group, Inc. (Leisure Products) | (a) | 15,010 | 375,700 |
Lear Corp. (Auto Components) | 1,640 | 300,038 | |
Lennar Corp. Class A (Household Durables) | 1,100 | 127,776 | |
Lithia Motors, Inc. (Specialty Retail) | 1,410 | 418,699 | |
LKQ Corp. (Distributors) | 1,630 | 97,849 | |
Lululemon Athletica, Inc. (Textiles, Apparel & Luxury Goods) | (a) | 460 | 180,067 |
MGM Resorts International (Hotels, Restaurants & Leisure) | 1,930 | 86,618 | |
Mister Car Wash, Inc. (Diversified Consumer Svs.) | (a) | 20,092 | 365,875 |
Mohawk Industries, Inc. (Household Durables) | (a) | 370 | 67,407 |
National Vision Holdings, Inc. (Specialty Retail) | (a) | 9,140 | 438,629 |
NVR, Inc. (Household Durables) | (a) | 101 | 596,796 |
O'Reilly Automotive, Inc. (Specialty Retail) | (a) | 290 | 204,807 |
Papa John's International, Inc. (Hotels, Restaurants & Leisure) | 2,550 | 340,348 | |
Penn National Gaming, Inc. (Hotels, Restaurants & Leisure) | (a) | 980 | 50,813 |
Planet Fitness, Inc. Class A (Hotels, Restaurants & Leisure) | (a) | 6,200 | 561,596 |
Pool Corp. (Distributors) | 1,593 | 901,638 | |
Portillo's, Inc. Class A (Hotels, Restaurants & Leisure) | (a) | 4,973 | 186,686 |
PulteGroup, Inc. (Household Durables) | 8,970 | 512,725 | |
Ralph Lauren Corp. (Textiles, Apparel & Luxury Goods) | 3,280 | 389,861 | |
RH (Specialty Retail) | (a) | 110 | 58,953 |
Sally Beauty Holdings, Inc. (Specialty Retail) | (a) | 13,450 | 248,287 |
Scientific Games Corp. (Hotels, Restaurants & Leisure) | (a) | 3,260 | 217,866 |
Tapestry, Inc. (Textiles, Apparel & Luxury Goods) | 7,480 | 303,688 | |
Taylor Morrison Home Corp. (Household Durables) | (a) | 6,460 | 225,842 |
Tempur Sealy International, Inc. (Household Durables) | 13,470 | 633,494 | |
Terminix Global Holdings, Inc. (Diversified Consumer Svs.) | (a) | 1,499 | 67,800 |
TopBuild Corp. (Household Durables) | (a) | 2,010 | 554,579 |
Tractor Supply Co. (Specialty Retail) | 470 | 112,142 | |
Ulta Beauty, Inc. (Specialty Retail) | (a) | 230 | 94,838 |
Under Armour, Inc. Class A (Textiles, Apparel & Luxury Goods) | (a) | 3,140 | 66,537 |
V.F. Corp. (Textiles, Apparel & Luxury Goods) | 1,330 | 97,383 | |
Vail Resorts, Inc. (Hotels, Restaurants & Leisure) | 2,280 | 747,612 | |
Victoria's Secret & Co. (Specialty Retail) | (a) | 386 | 21,438 |
Wayfair, Inc. Class A (Internet & Direct Marketing Retail) | (a) | 288 | 54,711 |
Williams-Sonoma, Inc. (Specialty Retail) | 2,160 | 365,321 | |
Yum China Holdings, Inc. (Hotels, Restaurants & Leisure) | 1,640 | 81,738 | |
Yum! Brands, Inc. (Hotels, Restaurants & Leisure) | 1,150 | 159,689 | |
17,121,457 | |||
Consumer Staples–2.3% | |||
Archer-Daniels-Midland Co. (Food Products) | 2,280 | 154,105 | |
Boston Beer Co., Inc. / The Class A (Beverages) | (a) | 60 | 30,306 |
Brown-Forman Corp. Class B (Beverages) | 1,000 | 72,860 | |
Bunge Ltd. (Food Products) | 900 | 84,024 | |
Campbell Soup Co. (Food Products) | 1,600 | 69,536 | |
Church & Dwight Co., Inc. (Household Products) | 1,020 | 104,550 |
Ohio National Fund, Inc. | ON AB Mid Cap Core Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Consumer Staples (continued) | |||
Clorox Co. / The (Household Products) | 510 | $ 88,924 | |
Conagra Brands, Inc. (Food Products) | 2,060 | 70,349 | |
Freshpet, Inc. (Food Products) | (a) | 2,590 | 246,749 |
Hain Celestial Group, Inc. / The (Food Products) | (a) | 8,800 | 374,968 |
Hershey Co. / The (Food Products) | 600 | 116,082 | |
Hormel Foods Corp. (Food Products) | 1,650 | 80,536 | |
J.M. Smucker Co. / The (Food Products) | 580 | 78,776 | |
Kellogg Co. (Food Products) | 1,220 | 78,592 | |
Kroger Co. / The (Food & Staples Retailing) | 3,100 | 140,306 | |
Lamb Weston Holdings, Inc. (Food Products) | 950 | 60,211 | |
McCormick & Co., Inc. (Food Products) | 1,010 | 97,576 | |
Nomad Foods Ltd. (Food Products) | (a) | 13,440 | 341,242 |
Tyson Foods, Inc. Class A (Food Products) | 1,180 | 102,849 | |
2,392,541 | |||
Energy–2.9% | |||
Baker Hughes Co. (Energy Equip. & Svs.) | 3,800 | 91,428 | |
Cactus, Inc. Class A (Energy Equip. & Svs.) | 11,550 | 440,401 | |
Cheniere Energy, Inc. (Oil, Gas & Consumable Fuels) | 980 | 99,392 | |
Coterra Energy, Inc. (Oil, Gas & Consumable Fuels) | 17,100 | 324,900 | |
Devon Energy Corp. (Oil, Gas & Consumable Fuels) | 3,260 | 143,603 | |
DT Midstream, Inc. (Oil, Gas & Consumable Fuels) | 395 | 18,952 | |
Halliburton Co. (Energy Equip. & Svs.) | 3,900 | 89,193 | |
Hess Corp. (Oil, Gas & Consumable Fuels) | 1,130 | 83,654 | |
HollyFrontier Corp. (Oil, Gas & Consumable Fuels) | 9,120 | 298,954 | |
Marathon Oil Corp. (Oil, Gas & Consumable Fuels) | 6,770 | 111,163 | |
Marathon Petroleum Corp. (Oil, Gas & Consumable Fuels) | 2,660 | 170,213 | |
Matador Resources Co. (Oil, Gas & Consumable Fuels) | 8,750 | 323,050 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 3,440 | 99,726 | |
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 1,810 | 106,356 | |
Phillips 66 (Oil, Gas & Consumable Fuels) | 1,700 | 123,182 | |
Pioneer Natural Resources Co. (Oil, Gas & Consumable Fuels) | 830 | 150,960 | |
Targa Resources Corp. (Oil, Gas & Consumable Fuels) | 2,200 | 114,928 | |
Valero Energy Corp. (Oil, Gas & Consumable Fuels) | 1,580 | 118,674 | |
Williams Cos., Inc. / The (Oil, Gas & Consumable Fuels) | 5,010 | 130,460 | |
3,039,189 | |||
Financials–12.4% | |||
Aflac, Inc. (Insurance) | 2,600 | 151,814 | |
AGNC Investment Corp. (Mortgage REIT) | 4,250 | 63,920 | |
Ally Financial, Inc. (Consumer Finance) | 1,520 | 72,367 | |
American Financial Group, Inc. (Insurance) | 2,980 | 409,214 | |
Ameriprise Financial, Inc. (Capital Markets) | 480 | 144,797 | |
Annaly Capital Management, Inc. (Mortgage REIT) | 8,400 | 65,688 | |
Apollo Global Management, Inc. (Capital Markets) | (a) | 1,380 | 99,953 |
Arch Capital Group Ltd. (Insurance) | (a) | 1,920 | 85,344 |
Ares Management Corp. Class A (Capital Markets) | 7,218 | 586,607 | |
Arthur J. Gallagher & Co. (Insurance) | 780 | 132,343 | |
Athene Holding Ltd. Class A (Insurance) | (a) | 1,280 | 106,662 |
BankUnited, Inc. (Banks) | 6,430 | 272,053 | |
Brown & Brown, Inc. (Insurance) | 1,430 | 100,500 | |
Carlyle Group, Inc. / The (Capital Markets) | 1,790 | 98,271 | |
CBOE Global Markets, Inc. (Capital Markets) | 734 | 95,714 | |
Cincinnati Financial Corp. (Insurance) | 680 | 77,472 | |
Citizens Financial Group, Inc. (Banks) | 1,740 | 82,215 | |
Comerica, Inc. (Banks) | 5,590 | 486,330 | |
Commerce Bancshares, Inc. (Banks) | 1,029 | 70,733 | |
Discover Financial Services (Consumer Finance) | 1,250 | 144,450 |
Common Stocks (Continued) | Shares | Value | |
Financials (continued) | |||
East West Bancorp, Inc. (Banks) | 1,000 | $ 78,680 | |
Everest Re Group Ltd. (Insurance) | 862 | 236,119 | |
FactSet Research Systems, Inc. (Capital Markets) | 230 | 111,782 | |
Fidelity National Financial, Inc. (Insurance) | 1,670 | 87,141 | |
Fifth Third Bancorp (Banks) | 2,900 | 126,295 | |
First Citizens BancShares, Inc. Class A (Banks) | 570 | 473,009 | |
First Hawaiian, Inc. (Banks) | 10,700 | 292,431 | |
First Republic Bank (Banks) | 710 | 146,622 | |
Franklin Resources, Inc. (Capital Markets) | 2,540 | 85,065 | |
Goosehead Insurance, Inc. Class A (Insurance) | 2,010 | 261,461 | |
Hanover Insurance Group, Inc. / The (Insurance) | 2,090 | 273,915 | |
Hartford Financial Services Group, Inc. / The (Insurance) | 1,470 | 101,489 | |
Huntington Bancshares, Inc. (Banks) | 4,980 | 76,792 | |
Invesco Ltd. (Capital Markets) | 2,820 | 64,916 | |
Kemper Corp. (Insurance) | 1,294 | 76,074 | |
KeyCorp (Banks) | 3,650 | 84,425 | |
Kinsale Capital Group, Inc. (Insurance) | 2,530 | 601,862 | |
KKR & Co., Inc. (Capital Markets) | 2,230 | 166,135 | |
Loews Corp. (Insurance) | 1,370 | 79,131 | |
LPL Financial Holdings, Inc. (Capital Markets) | 490 | 78,444 | |
M&T Bank Corp. (Banks) | 520 | 79,862 | |
Markel Corp. (Insurance) | (a) | 60 | 74,040 |
MarketAxess Holdings, Inc. (Capital Markets) | 160 | 65,803 | |
Moelis & Co. Class A (Capital Markets) | 4,977 | 311,112 | |
MSCI, Inc. (Capital Markets) | 329 | 201,575 | |
Nasdaq, Inc. (Capital Markets) | 470 | 98,705 | |
Northern Trust Corp. (Capital Markets) | 780 | 93,296 | |
Pinnacle Financial Partners, Inc. (Banks) | 4,630 | 442,165 | |
Principal Financial Group, Inc. (Insurance) | 1,190 | 86,073 | |
Prudential Financial, Inc. (Insurance) | 1,630 | 176,431 | |
Raymond James Financial, Inc. (Capital Markets) | 870 | 87,348 | |
Regions Financial Corp. (Banks) | 3,530 | 76,954 | |
Santander Consumer U.S.A. Holdings, Inc. (Consumer Finance) | 2,250 | 94,545 | |
Selective Insurance Group, Inc. (Insurance) | 2,880 | 235,987 | |
Signature Bank (Banks) | 1,550 | 501,378 | |
State Street Corp. (Capital Markets) | 1,440 | 133,920 | |
Stifel Financial Corp. (Capital Markets) | 4,270 | 300,693 | |
SVB Financial Group (Banks) | (a) | 599 | 406,266 |
Synchrony Financial (Consumer Finance) | 2,390 | 110,872 | |
Synovus Financial Corp. (Banks) | 7,070 | 338,441 | |
T. Rowe Price Group, Inc. (Capital Markets) | 920 | 180,909 | |
Texas Capital Bancshares, Inc. (Banks) | (a) | 5,160 | 310,890 |
Tradeweb Markets, Inc. Class A (Capital Markets) | 940 | 94,132 | |
Umpqua Holdings Corp. (Banks) | 11,430 | 219,913 | |
Upstart Holdings, Inc. (Consumer Finance) | (a) | 166 | 25,116 |
W.R. Berkley Corp. (Insurance) | 955 | 78,682 | |
Webster Financial Corp. (Banks) | 6,030 | 336,715 | |
Western Alliance Bancorp (Banks) | 730 | 78,585 | |
Willis Towers Watson PLC (Insurance) | 530 | 125,870 | |
Wintrust Financial Corp. (Banks) | 3,720 | 337,850 | |
Zions Bancorp N.A. (Banks) | 6,380 | 402,961 | |
12,955,324 | |||
Health Care–12.7% | |||
10X Genomics, Inc. Class A (Life Sciences Tools & Svs.) | (a) | 3,544 | 527,914 |
ABIOMED, Inc. (Health Care Equip. & Supplies) | (a) | 240 | 86,201 |
Acadia Healthcare Co., Inc. (Health Care Providers & Svs.) | (a) | 5,830 | 353,881 |
ADC Therapeutics SA (Biotechnology) | (a) | 5,740 | 115,948 |
Agilent Technologies, Inc. (Life Sciences Tools & Svs.) | 1,260 | 201,159 | |
Alignment Healthcare, Inc. (Health Care Providers & Svs.) | (a) | 19,870 | 279,372 |
Alnylam Pharmaceuticals, Inc. (Biotechnology) | (a) | 540 | 91,573 |
AmerisourceBergen Corp. (Health Care Providers & Svs.) | 630 | 83,721 |
Ohio National Fund, Inc. | ON AB Mid Cap Core Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
Arrowhead Pharmaceuticals, Inc. (Biotechnology) | (a) | 3,930 | $ 260,559 |
Ascendis Pharma A/S – ADR (Biotechnology) | (a) | 1,528 | 205,562 |
AtriCure, Inc. (Health Care Equip. & Supplies) | (a) | 7,020 | 488,101 |
Avantor, Inc. (Life Sciences Tools & Svs.) | (a) | 2,380 | 100,293 |
Biohaven Pharmaceutical Holding Co. Ltd. (Biotechnology) | (a) | 1,880 | 259,083 |
BioMarin Pharmaceutical, Inc. (Biotechnology) | (a) | 975 | 86,141 |
Bio-Rad Laboratories, Inc. Class A (Life Sciences Tools & Svs.) | (a) | 120 | 90,668 |
Bio-Techne Corp. (Life Sciences Tools & Svs.) | 180 | 93,121 | |
Blueprint Medicines Corp. (Biotechnology) | (a) | 2,590 | 277,415 |
Catalent, Inc. (Pharmaceuticals) | (a) | 679 | 86,932 |
Cerner Corp. (Health Care Technology) | 1,250 | 116,088 | |
Change Healthcare, Inc. (Health Care Technology) | (a) | 13,680 | 292,478 |
Charles River Laboratories International, Inc. (Life Sciences Tools & Svs.) | (a) | 230 | 86,659 |
Coherus Biosciences, Inc. (Biotechnology) | (a) | 11,510 | 183,700 |
Cooper Cos., Inc. / The (Health Care Equip. & Supplies) | 201 | 84,207 | |
DaVita, Inc. (Health Care Providers & Svs.) | (a) | 650 | 73,944 |
DENTSPLY SIRONA, Inc. (Health Care Equip. & Supplies) | 1,134 | 63,266 | |
Dexcom, Inc. (Health Care Equip. & Supplies) | (a) | 370 | 198,671 |
Elanco Animal Health, Inc. (Pharmaceuticals) | (a) | 2,404 | 68,226 |
Erasca, Inc. (Biotechnology) | (a) | 6,847 | 106,676 |
Guardant Health, Inc. (Health Care Providers & Svs.) | (a) | 3,266 | 326,665 |
Hologic, Inc. (Health Care Equip. & Supplies) | (a) | 1,160 | 88,810 |
Horizon Therapeutics PLC (Biotechnology) | (a) | 810 | 87,286 |
ICON PLC (Life Sciences Tools & Svs.) | (a) | 1,780 | 551,266 |
ICU Medical, Inc. (Health Care Equip. & Supplies) | (a) | 364 | 86,392 |
IDEXX Laboratories, Inc. (Health Care Equip. & Supplies) | (a) | 350 | 230,461 |
Inari Medical, Inc. (Health Care Equip. & Supplies) | (a) | 5,700 | 520,239 |
Instil Bio, Inc. (Biotechnology) | (a) | 9,430 | 161,347 |
Insulet Corp. (Health Care Equip. & Supplies) | (a) | 1,600 | 425,712 |
Integra LifeSciences Holdings Corp. (Health Care Equip. & Supplies) | (a) | 4,650 | 311,503 |
Intellia Therapeutics, Inc. (Biotechnology) | (a) | 2,340 | 276,682 |
IQVIA Holdings, Inc. (Life Sciences Tools & Svs.) | (a) | 780 | 220,069 |
Laboratory Corp. of America Holdings (Health Care Providers & Svs.) | (a) | 400 | 125,684 |
Legend Biotech Corp. – ADR (Biotechnology) | (a) | 4,410 | 205,550 |
LianBio – ADR (Biotechnology) | (a) | 6,094 | 37,539 |
Maravai LifeSciences Holdings, Inc. Class A (Life Sciences Tools & Svs.) | (a) | 1,960 | 82,124 |
Masimo Corp. (Health Care Equip. & Supplies) | (a) | 330 | 96,617 |
McKesson Corp. (Health Care Providers & Svs.) | 650 | 161,570 | |
MEDNAX, Inc. (Health Care Providers & Svs.) | (a) | 15,310 | 416,585 |
Mettler-Toledo International, Inc. (Life Sciences Tools & Svs.) | (a) | 90 | 152,749 |
Molina Healthcare, Inc. (Health Care Providers & Svs.) | (a) | 300 | 95,424 |
Neurocrine Biosciences, Inc. (Biotechnology) | (a) | 802 | 68,306 |
Novocure Ltd. (Health Care Equip. & Supplies) | (a) | 420 | 31,534 |
Oak Street Health, Inc. (Health Care Providers & Svs.) | (a) | 1,240 | 41,094 |
Penumbra, Inc. (Health Care Equip. & Supplies) | (a) | 250 | 71,830 |
PerkinElmer, Inc. (Life Sciences Tools & Svs.) | 420 | 84,445 | |
QIAGEN N.V. (Life Sciences Tools & Svs.) | (a) | 1,580 | 87,816 |
Quest Diagnostics, Inc. (Health Care Providers & Svs.) | 580 | 100,346 | |
Repligen Corp. (Life Sciences Tools & Svs.) | (a) | 2,430 | 643,561 |
ResMed, Inc. (Health Care Equip. & Supplies) | 590 | 153,683 | |
Royalty Pharma PLC Class A (Pharmaceuticals) | 1,730 | 68,941 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
Sarepta Therapeutics, Inc. (Biotechnology) | (a) | 1,153 | $ 103,828 |
Seagen, Inc. (Biotechnology) | (a) | 530 | 81,938 |
Silk Road Medical, Inc. (Health Care Equip. & Supplies) | (a) | 6,140 | 261,625 |
STERIS PLC (Health Care Equip. & Supplies) | 360 | 87,628 | |
Syneos Health, Inc. (Life Sciences Tools & Svs.) | (a) | 3,550 | 364,514 |
Teladoc Health, Inc. (Health Care Technology) | (a) | 440 | 40,401 |
Teleflex, Inc. (Health Care Equip. & Supplies) | 195 | 64,054 | |
Turning Point Therapeutics, Inc. (Biotechnology) | (a) | 3,880 | 185,076 |
Ultragenyx Pharmaceutical, Inc. (Biotechnology) | (a) | 2,980 | 250,588 |
Universal Health Services, Inc. Class B (Health Care Providers & Svs.) | 510 | 66,127 | |
Veeva Systems, Inc. Class A (Health Care Technology) | (a) | 560 | 143,069 |
Viatris, Inc. (Pharmaceuticals) | 5,730 | 77,527 | |
Vir Biotechnology, Inc. (Biotechnology) | (a) | 5,010 | 209,769 |
Waters Corp. (Life Sciences Tools & Svs.) | (a) | 253 | 94,268 |
West Pharmaceutical Services, Inc. (Health Care Equip. & Supplies) | 300 | 140,703 | |
Zimmer Biomet Holdings, Inc. (Health Care Equip. & Supplies) | 850 | 107,984 | |
13,252,488 | |||
Industrials–18.0% | |||
A.O. Smith Corp. (Building Products) | 1,130 | 97,011 | |
ADT, Inc. (Commercial Svs. & Supplies) | 30,440 | 256,000 | |
AECOM (Construction & Engineering) | 6,050 | 467,967 | |
AGCO Corp. (Machinery) | 520 | 60,330 | |
Allegion PLC (Building Products) | 570 | 75,491 | |
AMERCO (Road & Rail) | 130 | 94,410 | |
AMETEK, Inc. (Electrical Equip.) | 3,840 | 564,634 | |
Applied Industrial Technologies, Inc. (Trading Companies & Distributors) | 2,310 | 237,237 | |
Armstrong World Industries, Inc. (Building Products) | 4,650 | 539,958 | |
Axon Enterprise, Inc. (Aerospace & Defense) | (a) | 3,215 | 504,755 |
C.H. Robinson Worldwide, Inc. (Air Freight & Logistics) | 790 | 85,028 | |
Carrier Global Corp. (Building Products) | 3,550 | 192,552 | |
Chart Industries, Inc. (Machinery) | (a) | 2,540 | 405,105 |
Cintas Corp. (Commercial Svs. & Supplies) | 360 | 159,541 | |
Clarivate PLC (Professional Svs.) | (a) | 2,930 | 68,914 |
Copart, Inc. (Commercial Svs. & Supplies) | (a) | 844 | 127,967 |
CoStar Group, Inc. (Professional Svs.) | (a) | 1,620 | 128,029 |
Crane Co. (Machinery) | 2,150 | 218,720 | |
Cummins, Inc. (Machinery) | 610 | 133,065 | |
Delta Air Lines, Inc. (Airlines) | (a) | 2,620 | 102,390 |
Dover Corp. (Machinery) | 590 | 107,144 | |
Dycom Industries, Inc. (Construction & Engineering) | (a) | 3,510 | 329,098 |
Equifax, Inc. (Professional Svs.) | 490 | 143,467 | |
Expeditors International of Washington, Inc. (Air Freight & Logistics) | 690 | 92,660 | |
Fastenal Co. (Trading Companies & Distributors) | 2,350 | 150,541 | |
Fortive Corp. (Machinery) | 1,210 | 92,311 | |
Fortune Brands Home & Security, Inc. (Building Products) | 730 | 78,037 | |
GATX Corp. (Trading Companies & Distributors) | 1,670 | 173,997 | |
Generac Holdings, Inc. (Electrical Equip.) | (a) | 250 | 87,980 |
Graco, Inc. (Machinery) | 990 | 79,814 | |
HEICO Corp. Class A (Aerospace & Defense) | 600 | 77,112 | |
Herc Holdings, Inc. (Trading Companies & Distributors) | 2,630 | 411,726 | |
Howmet Aerospace, Inc. (Aerospace & Defense) | 13,970 | 444,665 | |
Hubbell, Inc. (Electrical Equip.) | 400 | 83,308 | |
IDEX Corp. (Machinery) | 350 | 82,712 | |
IHS Markit Ltd. (Professional Svs.) | 1,630 | 216,660 | |
Ingersoll Rand, Inc. (Machinery) | 9,631 | 595,870 | |
ITT, Inc. (Machinery) | 4,410 | 450,658 |
Ohio National Fund, Inc. | ON AB Mid Cap Core Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Industrials (continued) | |||
J.B. Hunt Transport Services, Inc. (Road & Rail) | 450 | $ 91,980 | |
Jacobs Engineering Group, Inc. (Construction & Engineering) | 3,300 | 459,459 | |
Kirby Corp. (Marine) | (a) | 1,600 | 95,072 |
Knight-Swift Transportation Holdings, Inc. (Road & Rail) | 6,130 | 373,562 | |
Korn Ferry (Professional Svs.) | 3,490 | 264,298 | |
Leidos Holdings, Inc. (Professional Svs.) | 750 | 66,675 | |
Lennox International, Inc. (Building Products) | 230 | 74,603 | |
Lyft, Inc. Class A (Road & Rail) | (a) | 1,370 | 58,540 |
Masco Corp. (Building Products) | 1,190 | 83,562 | |
Masonite International Corp. (Building Products) | (a) | 2,580 | 304,311 |
Middleby Corp. / The (Machinery) | (a) | 2,566 | 504,886 |
MillerKnoll, Inc. (Commercial Svs. & Supplies) | 7,170 | 280,992 | |
Nordson Corp. (Machinery) | 360 | 91,897 | |
Old Dominion Freight Line, Inc. (Road & Rail) | 400 | 143,352 | |
Oshkosh Corp. (Machinery) | 3,570 | 402,375 | |
Otis Worldwide Corp. (Machinery) | 1,680 | 146,278 | |
Owens Corning (Building Products) | 790 | 71,495 | |
PACCAR, Inc. (Machinery) | 1,390 | 122,681 | |
Parker-Hannifin Corp. (Machinery) | 520 | 165,422 | |
Pentair PLC (Machinery) | 1,180 | 86,175 | |
Plug Power, Inc. (Electrical Equip.) | (a) | 16,280 | 459,584 |
Quanta Services, Inc. (Construction & Engineering) | 790 | 90,581 | |
Regal Rexnord Corp. (Electrical Equip.) | 2,850 | 485,013 | |
Republic Services, Inc. (Commercial Svs. & Supplies) | 860 | 119,927 | |
Robert Half International, Inc. (Professional Svs.) | 3,880 | 432,698 | |
Rockwell Automation, Inc. (Electrical Equip.) | 470 | 163,960 | |
Rollins, Inc. (Commercial Svs. & Supplies) | 2,040 | 69,788 | |
Sensata Technologies Holding PLC (Electrical Equip.) | (a) | 2,439 | 150,462 |
SiteOne Landscape Supply, Inc. (Trading Companies & Distributors) | (a) | 2,380 | 576,626 |
SkyWest, Inc. (Airlines) | (a) | 7,190 | 282,567 |
Snap-on, Inc. (Machinery) | 320 | 68,922 | |
Southwest Airlines Co. (Airlines) | (a) | 2,410 | 103,244 |
Spirit AeroSystems Holdings, Inc. Class A (Aerospace & Defense) | 9,240 | 398,152 | |
Stanley Black & Decker, Inc. (Machinery) | 630 | 118,831 | |
Sunrun, Inc. (Electrical Equip.) | (a) | 1,340 | 45,962 |
Teledyne Technologies, Inc. (Aerospace & Defense) | (a) | 175 | 76,456 |
TFI International, Inc. (Road & Rail) | 4,020 | 450,682 | |
Timken Co. / The (Machinery) | 3,790 | 262,609 | |
Toro Co. / The (Machinery) | 670 | 66,940 | |
Trane Technologies PLC (Building Products) | 980 | 197,989 | |
TransDigm Group, Inc. (Aerospace & Defense) | (a) | 220 | 139,982 |
TransUnion (Professional Svs.) | 780 | 92,492 | |
Trex Co., Inc. (Building Products) | (a) | 5,350 | 722,410 |
TuSimple Holdings, Inc. Class A (Road & Rail) | (a) | 481 | 17,244 |
United Airlines Holdings, Inc. (Airlines) | (a) | 1,400 | 61,292 |
United Rentals, Inc. (Trading Companies & Distributors) | (a) | 298 | 99,022 |
Verisk Analytics, Inc. (Professional Svs.) | 649 | 148,446 | |
Vertiv Holdings Co. (Electrical Equip.) | 8,330 | 208,000 | |
W.W. Grainger, Inc. (Trading Companies & Distributors) | 180 | 93,283 | |
Watsco, Inc. (Trading Companies & Distributors) | 260 | 81,349 | |
Westinghouse Air Brake Technologies Corp. (Machinery) | 930 | 85,662 | |
WillScot Mobile Mini Holdings Corp. (Construction & Engineering) | (a) | 7,560 | 308,750 |
Xylem, Inc. (Machinery) | 730 | 87,542 | |
18,870,946 | |||
Information Technology–21.3% | |||
ACI Worldwide, Inc. (Software) | (a) | 6,850 | 237,695 |
Akamai Technologies, Inc. (IT Svs.) | (a) | 700 | 81,928 |
Common Stocks (Continued) | Shares | Value | |
Information Technology (continued) | |||
Amdocs Ltd. (IT Svs.) | 1,000 | $ 74,840 | |
Amphenol Corp. Class A (Electronic Equip., Instr. & Comp.) | 2,390 | 209,029 | |
ANSYS, Inc. (Software) | (a) | 350 | 140,392 |
Arista Networks, Inc. (Communications Equip.) | (a) | 870 | 125,062 |
Avalara, Inc. (Software) | (a) | 4,670 | 602,944 |
Avnet, Inc. (Electronic Equip., Instr. & Comp.) | 8,110 | 334,375 | |
Belden, Inc. (Electronic Equip., Instr. & Comp.) | 4,800 | 315,504 | |
Bill.com Holdings, Inc. (Software) | (a) | 490 | 122,084 |
Black Knight, Inc. (Software) | (a) | 1,050 | 87,035 |
Booz Allen Hamilton Holding Corp. (IT Svs.) | 920 | 78,007 | |
Broadridge Financial Solutions, Inc. (IT Svs.) | 477 | 87,205 | |
Cadence Design Systems, Inc. (Software) | (a) | 1,130 | 210,575 |
CDW Corp. (Electronic Equip., Instr. & Comp.) | 590 | 120,820 | |
Ciena Corp. (Communications Equip.) | (a) | 5,720 | 440,268 |
Citrix Systems, Inc. (Software) | 620 | 58,646 | |
Cloudflare, Inc. Class A (IT Svs.) | (a) | 900 | 118,350 |
Cognex Corp. (Electronic Equip., Instr. & Comp.) | 6,689 | 520,137 | |
CommVault Systems, Inc. (Software) | (a) | 4,030 | 277,748 |
Corning, Inc. (Electronic Equip., Instr. & Comp.) | 3,080 | 114,668 | |
Coupa Software, Inc. (Software) | (a) | 300 | 47,415 |
Crowdstrike Holdings, Inc. Class A (Software) | (a) | 727 | 148,853 |
Datadog, Inc. Class A (Software) | (a) | 924 | 164,574 |
DigitalOcean Holdings, Inc. (IT Svs.) | (a) | 3,164 | 254,164 |
DocuSign, Inc. (Software) | (a) | 740 | 112,709 |
Dropbox, Inc. Class A (Software) | (a) | 2,970 | 72,884 |
Dynatrace, Inc. (Software) | (a) | 9,640 | 581,774 |
Elastic N.V. (Software) | (a) | 630 | 77,547 |
Enphase Energy, Inc. (Semiconductors & Equip.) | (a) | 550 | 100,617 |
Entegris, Inc. (Semiconductors & Equip.) | 4,720 | 654,098 | |
EPAM Systems, Inc. (IT Svs.) | (a) | 220 | 147,059 |
Euronet Worldwide, Inc. (IT Svs.) | (a) | 696 | 82,942 |
Fair Isaac Corp. (Software) | (a) | 148 | 64,183 |
Five9, Inc. (Software) | (a) | 410 | 56,301 |
FleetCor Technologies, Inc. (IT Svs.) | (a) | 340 | 76,106 |
Flywire Corp. (IT Svs.) | (a) | 7,998 | 304,404 |
Fortinet, Inc. (Software) | (a) | 540 | 194,076 |
Freshworks, Inc. Class A (Software) | (a) | 13,550 | 355,823 |
Gartner, Inc. (IT Svs.) | (a) | 390 | 130,385 |
Genpact Ltd. (IT Svs.) | 3,770 | 200,112 | |
HashiCorp, Inc. Class A (Software) | (a) | 2,884 | 262,559 |
Hewlett Packard Enterprise Co. (Tech. Hardware, Storage & Periph.) | 5,300 | 83,581 | |
HP, Inc. (Tech. Hardware, Storage & Periph.) | 5,300 | 199,651 | |
HubSpot, Inc. (Software) | (a) | 170 | 112,056 |
Jack Henry & Associates, Inc. (IT Svs.) | 470 | 78,485 | |
Juniper Networks, Inc. (Communications Equip.) | 3,000 | 107,130 | |
Keysight Technologies, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 760 | 156,948 |
Kulicke & Soffa Industries, Inc. (Semiconductors & Equip.) | 3,810 | 230,657 | |
Lattice Semiconductor Corp. (Semiconductors & Equip.) | (a) | 8,183 | 630,582 |
Littelfuse, Inc. (Electronic Equip., Instr. & Comp.) | 1,420 | 446,846 | |
Lumentum Holdings, Inc. (Communications Equip.) | (a) | 3,450 | 364,906 |
MACOM Technology Solutions Holdings, Inc. (Semiconductors & Equip.) | (a) | 7,410 | 580,203 |
Manhattan Associates, Inc. (Software) | (a) | 3,870 | 601,746 |
Marvell Technology, Inc. (Semiconductors & Equip.) | 3,180 | 278,218 | |
MaxLinear, Inc. (Semiconductors & Equip.) | (a) | 1,850 | 139,471 |
McAfee Corp. Class A (Software) | 3,140 | 80,981 | |
Microchip Technology, Inc. (Semiconductors & Equip.) | 2,046 | 178,125 | |
MKS Instruments, Inc. (Semiconductors & Equip.) | 429 | 74,719 | |
Monday.com Ltd. (Software) | (a) | 1,101 | 339,901 |
MongoDB, Inc. (IT Svs.) | (a) | 1,789 | 947,007 |
Ohio National Fund, Inc. | ON AB Mid Cap Core Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Information Technology (continued) | |||
Monolithic Power Systems, Inc. (Semiconductors & Equip.) | 1,530 | $ 754,795 | |
Motorola Solutions, Inc. (Communications Equip.) | 700 | 190,190 | |
National Instruments Corp. (Electronic Equip., Instr. & Comp.) | 1,839 | 80,309 | |
NetApp, Inc. (Tech. Hardware, Storage & Periph.) | 1,020 | 93,830 | |
NortonLifeLock, Inc. (Software) | 3,530 | 91,709 | |
Novanta, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 2,960 | 521,937 |
Nuance Communications, Inc. (Software) | (a) | 1,430 | 79,108 |
Okta, Inc. (IT Svs.) | (a) | 480 | 107,602 |
ON Semiconductor Corp. (Semiconductors & Equip.) | (a) | 17,123 | 1,162,994 |
Palantir Technologies, Inc. Class A (Software) | (a) | 6,290 | 114,541 |
Palo Alto Networks, Inc. (Software) | (a) | 390 | 217,136 |
Paychex, Inc. (IT Svs.) | 1,320 | 180,180 | |
Paycom Software, Inc. (Software) | (a) | 200 | 83,038 |
Procore Technologies, Inc. (Software) | (a) | 216 | 17,274 |
PTC, Inc. (Software) | (a) | 580 | 70,267 |
Qorvo, Inc. (Semiconductors & Equip.) | (a) | 470 | 73,503 |
RingCentral, Inc. Class A (Software) | (a) | 323 | 60,514 |
Samsara, Inc. Class A (Software) | (a) | 11,146 | 313,314 |
Shift4 Payments, Inc. Class A (IT Svs.) | (a) | 5,950 | 344,683 |
Skyworks Solutions, Inc. (Semiconductors & Equip.) | 680 | 105,495 | |
Smartsheet, Inc. Class A (Software) | (a) | 5,420 | 419,779 |
Splunk, Inc. (Software) | (a) | 660 | 76,375 |
SS&C Technologies Holdings, Inc. (Software) | 1,030 | 84,439 | |
StoneCo Ltd. Class A (IT Svs.) | (a) | 1,180 | 19,895 |
Synaptics, Inc. (Semiconductors & Equip.) | (a) | 1,772 | 513,012 |
Synopsys, Inc. (Software) | (a) | 620 | 228,470 |
Teradyne, Inc. (Semiconductors & Equip.) | 680 | 111,200 | |
Trade Desk, Inc. / The Class A (Software) | (a) | 1,700 | 155,788 |
Trimble, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 1,020 | 88,934 |
Tyler Technologies, Inc. (Software) | (a) | 180 | 96,831 |
Ubiquiti, Inc. (Communications Equip.) | 270 | 82,809 | |
Unity Software, Inc. (Software) | (a) | 750 | 107,243 |
Varonis Systems, Inc. (Software) | (a) | 8,180 | 399,020 |
VeriSign, Inc. (IT Svs.) | (a) | 410 | 104,066 |
Western Digital Corp. (Tech. Hardware, Storage & Periph.) | (a) | 1,250 | 81,513 |
Wix.com Ltd. (IT Svs.) | (a) | 250 | 39,448 |
Wolfspeed, Inc. (Semiconductors & Equip.) | (a) | 3,842 | 429,420 |
Xilinx, Inc. (Semiconductors & Equip.) | 1,000 | 212,030 | |
Zebra Technologies Corp. Class A (Electronic Equip., Instr. & Comp.) | (a) | 220 | 130,944 |
Zscaler, Inc. (Software) | (a) | 410 | 131,745 |
22,252,490 | |||
Materials–3.6% | |||
Albemarle Corp. (Chemicals) | 470 | 109,872 | |
Amcor PLC (Containers & Packaging) | 6,490 | 77,945 | |
Avery Dennison Corp. (Containers & Packaging) | 360 | 77,965 | |
Ball Corp. (Containers & Packaging) | 1,300 | 125,151 | |
Berry Global Group, Inc. (Containers & Packaging) | (a) | 4,510 | 332,748 |
Carpenter Technology Corp. (Metals & Mining) | 8,150 | 237,898 | |
Celanese Corp. (Chemicals) | 490 | 82,349 | |
Corteva, Inc. (Chemicals) | 3,080 | 145,622 | |
Eastman Chemical Co. (Chemicals) | 660 | 79,801 | |
GCP Applied Technologies, Inc. (Chemicals) | (a) | 779 | 24,663 |
Innospec, Inc. (Chemicals) | 1,900 | 171,646 | |
International Flavors & Fragrances, Inc. (Chemicals) | 1,020 | 153,663 | |
International Paper Co. (Containers & Packaging) | 1,610 | 75,638 | |
LyondellBasell Industries N.V. Class A (Chemicals) | 1,050 | 96,842 | |
Martin Marietta Materials, Inc. (Construction Materials) | 250 | 110,130 | |
Nucor Corp. (Metals & Mining) | 1,230 | 140,405 | |
Orion Engineered Carbons SA (Chemicals) | 10,180 | 186,905 |
Common Stocks (Continued) | Shares | Value | |
Materials (continued) | |||
Packaging Corp. of America (Containers & Packaging) | 520 | $ 70,798 | |
PPG Industries, Inc. (Chemicals) | 970 | 167,267 | |
Reliance Steel & Aluminum Co. (Metals & Mining) | 2,000 | 324,440 | |
RPM International, Inc. (Chemicals) | 800 | 80,800 | |
Sealed Air Corp. (Containers & Packaging) | 6,080 | 410,218 | |
Steel Dynamics, Inc. (Metals & Mining) | 1,260 | 78,208 | |
Trinseo PLC (Chemicals) | 3,770 | 197,774 | |
Vulcan Materials Co. (Construction Materials) | 540 | 112,093 | |
Westrock Co. (Containers & Packaging) | 1,370 | 60,773 | |
3,731,614 | |||
Real Estate–6.0% | |||
Alexandria Real Estate Equities, Inc. (Equity REIT) | 550 | 122,628 | |
American Campus Communities, Inc. (Equity REIT) | 5,150 | 295,043 | |
American Homes 4 Rent Class A (Equity REIT) | 2,060 | 89,837 | |
Americold Realty Trust (Equity REIT) | 1,890 | 61,973 | |
AvalonBay Communities, Inc. (Equity REIT) | 570 | 143,976 | |
Boston Properties, Inc. (Equity REIT) | 700 | 80,626 | |
Broadstone Net Lease, Inc. (Equity REIT) | 8,940 | 221,891 | |
Camden Property Trust (Equity REIT) | 2,510 | 448,487 | |
CBRE Group, Inc. Class A (Real Estate Mgmt. & Development) | (a) | 1,370 | 148,659 |
Cousins Properties, Inc. (Equity REIT) | 7,610 | 306,531 | |
CubeSmart (Equity REIT) | 6,540 | 372,191 | |
Duke Realty Corp. (Equity REIT) | 1,640 | 107,650 | |
Equity LifeStyle Properties, Inc. (Equity REIT) | 1,100 | 96,426 | |
Equity Residential (Equity REIT) | 1,510 | 136,655 | |
Essex Property Trust, Inc. (Equity REIT) | 270 | 95,102 | |
Extra Space Storage, Inc. (Equity REIT) | 530 | 120,167 | |
Gaming and Leisure Properties, Inc. (Equity REIT) | 1,640 | 79,802 | |
Healthpeak Properties, Inc. (Equity REIT) | 2,220 | 80,120 | |
Invitation Homes, Inc. (Equity REIT) | 2,300 | 104,282 | |
Iron Mountain, Inc. (Equity REIT) | 1,900 | 99,427 | |
Jones Lang LaSalle, Inc. (Real Estate Mgmt. & Development) | (a) | 410 | 110,429 |
Kimco Realty Corp. (Equity REIT) | 3,630 | 89,479 | |
Lamar Advertising Co. Class A (Equity REIT) | 767 | 93,037 | |
Medical Properties Trust, Inc. (Equity REIT) | 3,460 | 81,760 | |
MGM Growth Properties LLC Class A (Equity REIT) | 3,200 | 130,720 | |
Mid-America Apartment Communities, Inc. (Equity REIT) | 480 | 110,131 | |
Orion Office REIT, Inc. (Equity REIT) | (a) | 265 | 4,948 |
Physicians Realty Trust (Equity REIT) | 19,240 | 362,289 | |
Realty Income Corp. (Equity REIT) | 2,650 | 189,713 | |
Regency Centers Corp. (Equity REIT) | 1,200 | 90,420 | |
Safehold, Inc. (Equity REIT) | 4,750 | 379,287 | |
SBA Communications Corp. (Equity REIT) | 420 | 163,388 | |
Simon Property Group, Inc. (Equity REIT) | 1,340 | 214,092 | |
STAG Industrial, Inc. (Equity REIT) | 6,560 | 314,618 | |
STORE Capital Corp. (Equity REIT) | 2,130 | 73,272 | |
Sun Communities, Inc. (Equity REIT) | 460 | 96,586 | |
UDR, Inc. (Equity REIT) | 1,640 | 98,384 | |
Ventas, Inc. (Equity REIT) | 1,530 | 78,214 | |
VICI Properties, Inc. (Equity REIT) | 2,400 | 72,264 | |
W.P. Carey, Inc. (Equity REIT) | 1,020 | 83,691 | |
Welltower, Inc. (Equity REIT) | 1,710 | 146,667 | |
Weyerhaeuser Co. (Equity REIT) | 3,060 | 126,011 | |
6,320,873 | |||
Utilities–2.5% | |||
Alliant Energy Corp. (Electric Utilities) | 1,358 | 83,476 | |
Ameren Corp. (Multi-Utilities) | 1,010 | 89,900 | |
American Water Works Co., Inc. (Water Utilities) | 750 | 141,645 | |
Atmos Energy Corp. (Gas Utilities) | 740 | 77,530 | |
Avangrid, Inc. (Electric Utilities) | 1,500 | 74,820 | |
CenterPoint Energy, Inc. (Multi-Utilities) | 3,110 | 86,800 | |
CMS Energy Corp. (Multi-Utilities) | 1,180 | 76,759 | |
Consolidated Edison, Inc. (Multi-Utilities) | 1,410 | 120,301 |
Ohio National Fund, Inc. | ON AB Mid Cap Core Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Utilities (continued) | |||
DTE Energy Co. (Multi-Utilities) | 790 | $ 94,437 | |
Edison International (Electric Utilities) | 1,470 | 100,328 | |
Entergy Corp. (Electric Utilities) | 830 | 93,500 | |
Essential Utilities, Inc. (Water Utilities) | 1,620 | 86,978 | |
Evergy, Inc. (Electric Utilities) | 1,190 | 81,646 | |
Eversource Energy (Electric Utilities) | 1,400 | 127,372 | |
FirstEnergy Corp. (Electric Utilities) | 2,210 | 91,914 | |
IDACORP, Inc. (Electric Utilities) | 3,680 | 416,981 | |
NiSource, Inc. (Multi-Utilities) | 2,930 | 80,897 | |
PPL Corp. (Electric Utilities) | 3,140 | 94,388 | |
Public Service Enterprise Group, Inc. (Multi-Utilities) | 2,070 | 138,131 | |
Southwest Gas Holdings, Inc. (Gas Utilities) | 3,010 | 210,850 | |
WEC Energy Group, Inc. (Multi-Utilities) | 1,290 | 125,220 | |
Xcel Energy, Inc. (Electric Utilities) | 2,150 | 145,555 | |
2,639,428 | |||
Total Common Stocks (Cost $96,025,478) | $104,377,643 |
Money Market Funds–0.6% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.040% | (b) | 666,961 | $ 667,028 |
Total Money Market Funds (Cost $667,028) | $ 667,028 | ||
Total Investments – 100.4% (Cost $96,692,506) | (c) | $105,044,671 | |
Liabilities in Excess of Other Assets – (0.4)% | (393,197) | ||
Net Assets – 100.0% | $104,651,474 |
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, 2021. | |
(c) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 7 of the Notes to Financial Statements. |
Ohio National Fund, Inc. | ON S&P 500® Index Portfolio (Unaudited) |
Average Annual returns | |
One year | 28.25% |
Five years | 18.03% |
Ten years | 16.05% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2021. |
Ohio National Fund, Inc. | ON S&P 500® Index Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2021 (1) | |
% of Net Assets | |
Common Stocks (4) | 99.7 |
Other Net Assets | 0.3 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2021 (1) (2) (3) | ||
% of Net Assets | ||
1. | Apple, Inc. | 6.8 |
2. | Microsoft Corp. | 6.2 |
3. | Amazon.com, Inc. | 3.6 |
4. | Alphabet, Inc. Class A | 2.1 |
5. | Tesla, Inc. | 2.1 |
6. | Alphabet, Inc. Class C | 2.0 |
7. | Meta Platforms, Inc. Class A | 2.0 |
8. | NVIDIA Corp. | 1.8 |
9. | Berkshire Hathaway, Inc. Class B | 1.4 |
10. | UnitedHealth Group, 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): |
% of Net Assets | |
Information Technology | 29.0 |
Health Care | 13.2 |
Consumer Discretionary | 12.3 |
Financials | 10.6 |
Communication Services | 10.4 |
Industrials | 7.8 |
Consumer Staples | 5.9 |
Real Estate | 2.8 |
Energy | 2.7 |
Materials | 2.5 |
Utilities | 2.5 |
99.7 |
Ohio National Fund, Inc. | ON S&P 500® Index Portfolio |
Schedule of Investments | December 31, 2021 |
Common Stocks–99.7% | Shares | Value | |
Communication Services–10.4% | |||
Activision Blizzard, Inc. (Entertainment) | 25,588 | $ 1,702,370 | |
Alphabet, Inc. Class A (Interactive Media & Svs.) | (a) | 9,828 | 28,472,109 |
Alphabet, Inc. Class C (Interactive Media & Svs.) | (a) | 9,168 | 26,528,433 |
AT&T, Inc. (Diversified Telecom. Svs.) | 233,592 | 5,746,363 | |
Booking Holdings, Inc. (Internet & Direct Marketing Retail) | (a) | 1,344 | 3,224,565 |
Charter Communications, Inc. Class A (Media) | (a) | 4,048 | 2,639,175 |
Comcast Corp. Class A (Media) | 149,188 | 7,508,632 | |
Discovery, Inc. Class A (Media) | (a) | 5,569 | 131,094 |
Discovery, Inc. Class C (Media) | (a) | 9,944 | 227,718 |
DISH Network Corp. Class A (Media) | (a) | 8,367 | 271,425 |
Electronic Arts, Inc. (Entertainment) | 9,294 | 1,225,879 | |
Fox Corp. Class A (Media) | 10,209 | 376,712 | |
Fox Corp. Class B (Media) | 5,043 | 172,824 | |
Interpublic Group of Cos., Inc. / The (Media) | 13,006 | 487,075 | |
Live Nation Entertainment, Inc. (Entertainment) | (a) | 4,406 | 527,354 |
Lumen Technologies, Inc. (Diversified Telecom. Svs.) | 30,558 | 383,503 | |
Match Group, Inc. (Interactive Media & Svs.) | (a) | 9,230 | 1,220,667 |
Meta Platforms, Inc. Class A (Interactive Media & Svs.) | (a) | 77,443 | 26,047,953 |
Netflix, Inc. (Entertainment) | (a) | 14,495 | 8,732,368 |
News Corp. Class A (Media) | 13,582 | 303,014 | |
News Corp. Class B (Media) | 3,533 | 79,492 | |
Omnicom Group, Inc. (Media) | 6,928 | 507,615 | |
Take-Two Interactive Software, Inc. (Entertainment) | (a) | 3,733 | 663,429 |
T-Mobile U.S., Inc. (Wireless Telecom. Svs.) | (a) | 19,217 | 2,228,788 |
Twitter, Inc. (Interactive Media & Svs.) | (a) | 26,082 | 1,127,264 |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 135,494 | 7,040,268 | |
ViacomCBS, Inc. Class B (Media) | 19,814 | 597,986 | |
Walt Disney Co. / The (Entertainment) | (a) | 59,462 | 9,210,069 |
137,384,144 | |||
Consumer Discretionary–12.3% | |||
Advance Auto Parts, Inc. (Specialty Retail) | 2,079 | 498,711 | |
Amazon.com, Inc. (Internet & Direct Marketing Retail) | (a) | 14,274 | 47,594,369 |
Aptiv PLC (Auto Components) | (a) | 8,858 | 1,461,127 |
AutoZone, Inc. (Specialty Retail) | (a) | 686 | 1,438,124 |
Bath & Body Works, Inc. (Specialty Retail) | 8,771 | 612,128 | |
Best Buy Co., Inc. (Specialty Retail) | 7,241 | 735,686 | |
BorgWarner, Inc. (Auto Components) | 7,749 | 349,247 | |
Caesars Entertainment, Inc. (Hotels, Restaurants & Leisure) | (a) | 7,053 | 659,667 |
CarMax, Inc. (Specialty Retail) | (a) | 5,315 | 692,172 |
Carnival Corp. (Hotels, Restaurants & Leisure) | (a) | 26,336 | 529,880 |
Chipotle Mexican Grill, Inc. (Hotels, Restaurants & Leisure) | (a) | 925 | 1,617,131 |
D.R. Horton, Inc. (Household Durables) | 10,605 | 1,150,112 | |
Darden Restaurants, Inc. (Hotels, Restaurants & Leisure) | 4,226 | 636,605 | |
Dollar General Corp. (Multiline Retail) | 7,613 | 1,795,374 | |
Dollar Tree, Inc. (Multiline Retail) | (a) | 7,330 | 1,030,012 |
Domino's Pizza, Inc. (Hotels, Restaurants & Leisure) | 1,183 | 667,602 | |
eBay, Inc. (Internet & Direct Marketing Retail) | 20,460 | 1,360,590 | |
Etsy, Inc. (Internet & Direct Marketing Retail) | (a) | 4,153 | 909,258 |
Expedia Group, Inc. (Hotels, Restaurants & Leisure) | (a) | 4,817 | 870,528 |
Ford Motor Co. (Automobiles) | 128,461 | 2,668,135 | |
Gap, Inc. / The (Specialty Retail) | 7,436 | 131,245 | |
Garmin Ltd. (Household Durables) | 4,986 | 678,944 | |
General Motors Co. (Automobiles) | (a) | 47,503 | 2,785,101 |
Genuine Parts Co. (Distributors) | 4,611 | 646,462 | |
Hasbro, Inc. (Leisure Products) | 4,190 | 426,458 | |
Hilton Worldwide Holdings, Inc. (Hotels, Restaurants & Leisure) | (a) | 9,169 | 1,430,272 |
Common Stocks (Continued) | Shares | Value | |
Consumer Discretionary (continued) | |||
Home Depot, Inc. / The (Specialty Retail) | 34,538 | $ 14,333,615 | |
Las Vegas Sands Corp. (Hotels, Restaurants & Leisure) | (a) | 11,109 | 418,143 |
Lennar Corp. Class A (Household Durables) | 8,856 | 1,028,713 | |
LKQ Corp. (Distributors) | 8,813 | 529,044 | |
Lowe's Cos., Inc. (Specialty Retail) | 22,657 | 5,856,381 | |
Marriott International, Inc. Class A (Hotels, Restaurants & Leisure) | (a) | 8,953 | 1,479,394 |
McDonald's Corp. (Hotels, Restaurants & Leisure) | 24,457 | 6,556,188 | |
MGM Resorts International (Hotels, Restaurants & Leisure) | 12,678 | 568,989 | |
Mohawk Industries, Inc. (Household Durables) | (a) | 1,817 | 331,021 |
Newell Brands, Inc. (Household Durables) | 12,577 | 274,682 | |
NIKE, Inc. Class B (Textiles, Apparel & Luxury Goods) | 41,814 | 6,969,139 | |
Norwegian Cruise Line Holdings Ltd. (Hotels, Restaurants & Leisure) | (a) | 12,474 | 258,711 |
NVR, Inc. (Household Durables) | (a) | 107 | 632,249 |
O'Reilly Automotive, Inc. (Specialty Retail) | (a) | 2,204 | 1,556,531 |
Penn National Gaming, Inc. (Hotels, Restaurants & Leisure) | (a) | 5,374 | 278,642 |
Pool Corp. (Distributors) | 1,325 | 749,950 | |
PulteGroup, Inc. (Household Durables) | 8,349 | 477,229 | |
PVH Corp. (Textiles, Apparel & Luxury Goods) | 2,323 | 247,748 | |
Ralph Lauren Corp. (Textiles, Apparel & Luxury Goods) | 1,601 | 190,295 | |
Ross Stores, Inc. (Specialty Retail) | 11,565 | 1,321,648 | |
Royal Caribbean Cruises Ltd. (Hotels, Restaurants & Leisure) | (a) | 7,325 | 563,292 |
Starbucks Corp. (Hotels, Restaurants & Leisure) | 38,615 | 4,516,797 | |
Tapestry, Inc. (Textiles, Apparel & Luxury Goods) | 8,952 | 363,451 | |
Target Corp. (Multiline Retail) | 15,976 | 3,697,485 | |
Tesla, Inc. (Automobiles) | (a) | 26,622 | 28,133,597 |
TJX Cos., Inc. / The (Specialty Retail) | 39,330 | 2,985,934 | |
Tractor Supply Co. (Specialty Retail) | 3,708 | 884,729 | |
Ulta Beauty, Inc. (Specialty Retail) | (a) | 1,785 | 736,027 |
Under Armour, Inc. Class A (Textiles, Apparel & Luxury Goods) | (a) | 6,316 | 133,836 |
Under Armour, Inc. Class C (Textiles, Apparel & Luxury Goods) | (a) | 6,976 | 125,847 |
V.F. Corp. (Textiles, Apparel & Luxury Goods) | 10,739 | 786,310 | |
Whirlpool Corp. (Household Durables) | 2,016 | 473,075 | |
Wynn Resorts Ltd. (Hotels, Restaurants & Leisure) | (a) | 3,378 | 287,265 |
Yum! Brands, Inc. (Hotels, Restaurants & Leisure) | 9,574 | 1,329,446 | |
162,450,343 | |||
Consumer Staples–5.9% | |||
Altria Group, Inc. (Tobacco) | 60,103 | 2,848,281 | |
Archer-Daniels-Midland Co. (Food Products) | 18,260 | 1,234,194 | |
Brown-Forman Corp. Class B (Beverages) | 6,021 | 438,690 | |
Campbell Soup Co. (Food Products) | 6,799 | 295,485 | |
Church & Dwight Co., Inc. (Household Products) | 7,946 | 814,465 | |
Clorox Co. / The (Household Products) | 4,016 | 700,230 | |
Coca-Cola Co. / The (Beverages) | 127,245 | 7,534,177 | |
Colgate-Palmolive Co. (Household Products) | 27,589 | 2,354,445 | |
Conagra Brands, Inc. (Food Products) | 15,525 | 530,179 | |
Constellation Brands, Inc. Class A (Beverages) | 5,350 | 1,342,690 | |
Costco Wholesale Corp. (Food & Staples Retailing) | 14,467 | 8,212,916 | |
Estee Lauder Cos., Inc. / The Class A (Personal Products) | 7,585 | 2,807,967 | |
General Mills, Inc. (Food Products) | 19,782 | 1,332,911 | |
Hershey Co. / The (Food Products) | 4,754 | 919,756 | |
Hormel Foods Corp. (Food Products) | 9,375 | 457,594 | |
J.M. Smucker Co. / The (Food Products) | 3,512 | 477,000 |
Ohio National Fund, Inc. | ON S&P 500® Index Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Consumer Staples (continued) | |||
Kellogg Co. (Food Products) | 8,296 | $ 534,428 | |
Kimberly-Clark Corp. (Household Products) | 11,022 | 1,575,264 | |
Kraft Heinz Co. / The (Food Products) | 23,442 | 841,568 | |
Kroger Co. / The (Food & Staples Retailing) | 22,028 | 996,987 | |
Lamb Weston Holdings, Inc. (Food Products) | 4,793 | 303,780 | |
McCormick & Co., Inc. (Food Products) | 8,240 | 796,066 | |
Molson Coors Beverage Co. Class B (Beverages) | 6,284 | 291,263 | |
Mondelez International, Inc. Class A (Food Products) | 45,648 | 3,026,919 | |
Monster Beverage Corp. (Beverages) | (a) | 12,256 | 1,177,066 |
PepsiCo, Inc. (Beverages) | 45,266 | 7,863,157 | |
Philip Morris International, Inc. (Tobacco) | 50,954 | 4,840,630 | |
Procter & Gamble Co. / The (Household Products) | 79,226 | 12,959,789 | |
Sysco Corp. (Food & Staples Retailing) | 16,789 | 1,318,776 | |
Tyson Foods, Inc. Class A (Food Products) | 9,670 | 842,837 | |
Walgreens Boots Alliance, Inc. (Food & Staples Retailing) | 23,418 | 1,221,483 | |
Walmart, Inc. (Food & Staples Retailing) | 46,565 | 6,737,490 | |
77,628,483 | |||
Energy–2.7% | |||
APA Corp. (Oil, Gas & Consumable Fuels) | 12,014 | ��� 323,056 | |
Baker Hughes Co. (Energy Equip. & Svs.) | 28,276 | 680,321 | |
Chevron Corp. (Oil, Gas & Consumable Fuels) | 63,077 | 7,402,086 | |
ConocoPhillips (Oil, Gas & Consumable Fuels) | 43,146 | 3,114,278 | |
Coterra Energy, Inc. (Oil, Gas & Consumable Fuels) | 26,559 | 504,621 | |
Devon Energy Corp. (Oil, Gas & Consumable Fuels) | 20,607 | 907,738 | |
Diamondback Energy, Inc. (Oil, Gas & Consumable Fuels) | 5,569 | 600,617 | |
EOG Resources, Inc. (Oil, Gas & Consumable Fuels) | 19,115 | 1,697,985 | |
Exxon Mobil Corp. (Oil, Gas & Consumable Fuels) | 138,526 | 8,476,406 | |
Halliburton Co. (Energy Equip. & Svs.) | 29,428 | 673,018 | |
Hess Corp. (Oil, Gas & Consumable Fuels) | 9,023 | 667,973 | |
Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels) | 64,029 | 1,015,500 | |
Marathon Oil Corp. (Oil, Gas & Consumable Fuels) | 25,586 | 420,122 | |
Marathon Petroleum Corp. (Oil, Gas & Consumable Fuels) | 20,125 | 1,287,799 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 29,107 | 843,812 | |
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 14,487 | 851,256 | |
Phillips 66 (Oil, Gas & Consumable Fuels) | 14,376 | 1,041,685 | |
Pioneer Natural Resources Co. (Oil, Gas & Consumable Fuels) | 7,470 | 1,358,644 | |
Schlumberger N.V. (Energy Equip. & Svs.) | 45,937 | 1,375,813 | |
Valero Energy Corp. (Oil, Gas & Consumable Fuels) | 13,361 | 1,003,545 | |
Williams Cos., Inc. / The (Oil, Gas & Consumable Fuels) | 39,963 | 1,040,636 | |
35,286,911 | |||
Financials–10.6% | |||
Aflac, Inc. (Insurance) | 19,977 | 1,166,457 | |
Allstate Corp. / The (Insurance) | 9,350 | 1,100,028 | |
American Express Co. (Consumer Finance) | 20,520 | 3,357,072 | |
American International Group, Inc. (Insurance) | 27,152 | 1,543,863 | |
Ameriprise Financial, Inc. (Capital Markets) | 3,659 | 1,103,774 | |
Aon PLC Class A (Insurance) | 7,212 | 2,167,639 | |
Arthur J. Gallagher & Co. (Insurance) | 6,831 | 1,159,016 | |
Assurant, Inc. (Insurance) | 1,868 | 291,146 | |
Bank of America Corp. (Banks) | 235,726 | 10,487,450 |
Common Stocks (Continued) | Shares | Value | |
Financials (continued) | |||
Bank of New York Mellon Corp. / The (Capital Markets) | 24,865 | $ 1,444,159 | |
Berkshire Hathaway, Inc. Class B (Diversified Financial Svs.) | (a) | 59,943 | 17,922,957 |
BlackRock, Inc. (Capital Markets) | 4,674 | 4,279,327 | |
Brown & Brown, Inc. (Insurance) | 7,636 | 536,658 | |
Capital One Financial Corp. (Consumer Finance) | 13,902 | 2,017,041 | |
CBOE Global Markets, Inc. (Capital Markets) | 3,496 | 455,878 | |
Charles Schwab Corp. / The (Capital Markets) | 49,208 | 4,138,393 | |
Chubb Ltd. (Insurance) | 14,094 | 2,724,511 | |
Cincinnati Financial Corp. (Insurance) | 4,918 | 560,308 | |
Citigroup, Inc. (Banks) | 64,921 | 3,920,579 | |
Citizens Financial Group, Inc. (Banks) | 13,840 | 653,940 | |
CME Group, Inc. (Capital Markets) | 11,771 | 2,689,203 | |
Comerica, Inc. (Banks) | 4,269 | 371,403 | |
Discover Financial Services (Consumer Finance) | 9,649 | 1,115,038 | |
Everest Re Group Ltd. (Insurance) | 1,299 | 355,822 | |
FactSet Research Systems, Inc. (Capital Markets) | 1,218 | 591,960 | |
Fifth Third Bancorp (Banks) | 22,447 | 977,567 | |
First Republic Bank (Banks) | 5,853 | 1,208,703 | |
Franklin Resources, Inc. (Capital Markets) | 9,021 | 302,113 | |
Globe Life, Inc. (Insurance) | 3,026 | 283,597 | |
Goldman Sachs Group, Inc. / The (Capital Markets) | 11,109 | 4,249,748 | |
Hartford Financial Services Group, Inc. / The (Insurance) | 11,153 | 770,003 | |
Huntington Bancshares, Inc. (Banks) | 47,159 | 727,192 | |
Intercontinental Exchange, Inc. (Capital Markets) | 18,429 | 2,520,534 | |
Invesco Ltd. (Capital Markets) | 11,103 | 255,591 | |
JPMorgan Chase & Co. (Banks) | 96,724 | 15,316,245 | |
KeyCorp (Banks) | 30,777 | 711,872 | |
Lincoln National Corp. (Insurance) | 5,569 | 380,140 | |
Loews Corp. (Insurance) | 6,492 | 374,978 | |
M&T Bank Corp. (Banks) | 4,211 | 646,725 | |
MarketAxess Holdings, Inc. (Capital Markets) | 1,235 | 507,918 | |
Marsh & McLennan Cos., Inc. (Insurance) | 16,533 | 2,873,766 | |
MetLife, Inc. (Insurance) | 23,359 | 1,459,704 | |
Moody's Corp. (Capital Markets) | 5,296 | 2,068,512 | |
Morgan Stanley (Capital Markets) | 46,985 | 4,612,048 | |
MSCI, Inc. (Capital Markets) | 2,700 | ��� 1,654,263 | |
Nasdaq, Inc. (Capital Markets) | 3,848 | 808,118 | |
Northern Trust Corp. (Capital Markets) | 6,737 | 805,813 | |
People's United Financial, Inc. (Banks) | 14,449 | 257,481 | |
PNC Financial Services Group, Inc. / The (Banks) | 13,835 | 2,774,194 | |
Principal Financial Group, Inc. (Insurance) | 8,150 | 589,490 | |
Progressive Corp. / The (Insurance) | 19,120 | 1,962,668 | |
Prudential Financial, Inc. (Insurance) | 12,340 | 1,335,682 | |
Raymond James Financial, Inc. (Capital Markets) | 6,087 | 611,135 | |
Regions Financial Corp. (Banks) | 31,238 | 680,988 | |
S&P Global, Inc. (Capital Markets) | 7,891 | 3,724,000 | |
Signature Bank (Banks) | 1,967 | 636,266 | |
State Street Corp. (Capital Markets) | 11,927 | 1,109,211 | |
SVB Financial Group (Banks) | (a) | 1,929 | 1,308,325 |
Synchrony Financial (Consumer Finance) | 18,034 | 836,597 | |
T. Rowe Price Group, Inc. (Capital Markets) | 7,392 | 1,453,563 | |
Travelers Cos., Inc. / The (Insurance) | 8,037 | 1,257,228 | |
Truist Financial Corp. (Banks) | 43,659 | 2,556,234 | |
U.S. Bancorp (Banks) | 44,158 | 2,480,355 | |
W.R. Berkley Corp. (Insurance) | 4,597 | 378,747 | |
Wells Fargo & Co. (Banks) | 130,502 | 6,261,486 |
Ohio National Fund, Inc. | ON S&P 500® Index Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Financials (continued) | |||
Willis Towers Watson PLC (Insurance) | 4,063 | $ 964,922 | |
Zions Bancorp N.A. (Banks) | 5,020 | 317,063 | |
141,164,407 | |||
Health Care–13.2% | |||
Abbott Laboratories (Health Care Equip. & Supplies) | 57,890 | 8,147,439 | |
AbbVie, Inc. (Biotechnology) | 57,857 | 7,833,838 | |
ABIOMED, Inc. (Health Care Equip. & Supplies) | (a) | 1,478 | 530,853 |
Agilent Technologies, Inc. (Life Sciences Tools & Svs.) | 9,912 | 1,582,451 | |
Align Technology, Inc. (Health Care Equip. & Supplies) | (a) | 2,390 | 1,570,660 |
AmerisourceBergen Corp. (Health Care Providers & Svs.) | 4,950 | 657,806 | |
Amgen, Inc. (Biotechnology) | 18,433 | 4,146,872 | |
Anthem, Inc. (Health Care Providers & Svs.) | 7,943 | 3,681,898 | |
Baxter International, Inc. (Health Care Equip. & Supplies) | 16,366 | 1,404,857 | |
Becton Dickinson and Co. (Health Care Equip. & Supplies) | 9,394 | 2,362,403 | |
Biogen, Inc. (Biotechnology) | (a) | 4,824 | 1,157,374 |
Bio-Rad Laboratories, Inc. Class A (Life Sciences Tools & Svs.) | (a) | 704 | 531,921 |
Bio-Techne Corp. (Life Sciences Tools & Svs.) | 1,272 | 658,057 | |
Boston Scientific Corp. (Health Care Equip. & Supplies) | (a) | 46,683 | 1,983,094 |
Bristol-Myers Squibb Co. (Pharmaceuticals) | 72,634 | 4,528,730 | |
Cardinal Health, Inc. (Health Care Providers & Svs.) | 9,251 | 476,334 | |
Catalent, Inc. (Pharmaceuticals) | (a) | 5,591 | 715,816 |
Centene Corp. (Health Care Providers & Svs.) | (a) | 19,191 | 1,581,338 |
Cerner Corp. (Health Care Technology) | 9,621 | 893,502 | |
Charles River Laboratories International, Inc. (Life Sciences Tools & Svs.) | (a) | 1,657 | 624,324 |
Cigna Corp. (Health Care Providers & Svs.) | 10,840 | 2,489,189 | |
Cooper Cos., Inc. / The (Health Care Equip. & Supplies) | 1,624 | 680,359 | |
CVS Health Corp. (Health Care Providers & Svs.) | 43,199 | 4,456,409 | |
Danaher Corp. (Life Sciences Tools & Svs.) | 20,818 | 6,849,330 | |
DaVita, Inc. (Health Care Providers & Svs.) | (a) | 2,167 | 246,518 |
DENTSPLY SIRONA, Inc. (Health Care Equip. & Supplies) | 7,272 | 405,705 | |
Dexcom, Inc. (Health Care Equip. & Supplies) | (a) | 3,173 | 1,703,742 |
Edwards Lifesciences Corp. (Health Care Equip. & Supplies) | (a) | 20,449 | 2,649,168 |
Eli Lilly & Co. (Pharmaceuticals) | 25,986 | 7,177,853 | |
Gilead Sciences, Inc. (Biotechnology) | 41,052 | 2,980,786 | |
HCA Healthcare, Inc. (Health Care Providers & Svs.) | 7,836 | 2,013,225 | |
Henry Schein, Inc. (Health Care Providers & Svs.) | (a) | 4,455 | 345,396 |
Hologic, Inc. (Health Care Equip. & Supplies) | (a) | 8,244 | 631,161 |
Humana, Inc. (Health Care Providers & Svs.) | 4,206 | 1,950,995 | |
IDEXX Laboratories, Inc. (Health Care Equip. & Supplies) | (a) | 2,765 | 1,820,642 |
Illumina, Inc. (Life Sciences Tools & Svs.) | (a) | 5,116 | 1,946,331 |
Incyte Corp. (Biotechnology) | (a) | 6,092 | 447,153 |
Intuitive Surgical, Inc. (Health Care Equip. & Supplies) | (a) | 11,688 | 4,199,498 |
IQVIA Holdings, Inc. (Life Sciences Tools & Svs.) | (a) | 6,246 | 1,762,246 |
Johnson & Johnson (Pharmaceuticals) | 86,163 | 14,739,904 | |
Laboratory Corp. of America Holdings (Health Care Providers & Svs.) | (a) | 3,128 | 982,849 |
McKesson Corp. (Health Care Providers & Svs.) | 4,997 | 1,242,104 | |
Medtronic PLC (Health Care Equip. & Supplies) | 44,059 | 4,557,904 | |
Merck & Co., Inc. (Pharmaceuticals) | 82,665 | 6,335,446 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
Mettler-Toledo International, Inc. (Life Sciences Tools & Svs.) | (a) | 751 | $ 1,274,605 |
Moderna, Inc. (Biotechnology) | (a) | 11,544 | 2,931,945 |
Organon & Co. (Pharmaceuticals) | 8,478 | 258,155 | |
PerkinElmer, Inc. (Life Sciences Tools & Svs.) | 4,107 | 825,753 | |
Pfizer, Inc. (Pharmaceuticals) | 183,701 | 10,847,544 | |
Quest Diagnostics, Inc. (Health Care Providers & Svs.) | 4,019 | 695,327 | |
Regeneron Pharmaceuticals, Inc. (Biotechnology) | (a) | 3,460 | 2,185,059 |
ResMed, Inc. (Health Care Equip. & Supplies) | 4,787 | 1,246,918 | |
STERIS PLC (Health Care Equip. & Supplies) | 3,251 | 791,326 | |
Stryker Corp. (Health Care Equip. & Supplies) | 10,996 | 2,940,550 | |
Teleflex, Inc. (Health Care Equip. & Supplies) | 1,520 | 499,290 | |
Thermo Fisher Scientific, Inc. (Life Sciences Tools & Svs.) | 12,899 | 8,606,729 | |
UnitedHealth Group, Inc. (Health Care Providers & Svs.) | 30,826 | 15,478,968 | |
Universal Health Services, Inc. Class B (Health Care Providers & Svs.) | 2,337 | 303,015 | |
Vertex Pharmaceuticals, Inc. (Biotechnology) | (a) | 8,321 | 1,827,292 |
Viatris, Inc. (Pharmaceuticals) | 39,731 | 537,560 | |
Waters Corp. (Life Sciences Tools & Svs.) | (a) | 2,013 | 750,044 |
West Pharmaceutical Services, Inc. (Health Care Equip. & Supplies) | 2,433 | 1,141,101 | |
Zimmer Biomet Holdings, Inc. (Health Care Equip. & Supplies) | 6,780 | 861,331 | |
Zoetis, Inc. (Pharmaceuticals) | 15,488 | 3,779,537 | |
175,465,529 | |||
Industrials–7.8% | |||
3M Co. (Industrial Conglomerates) | 18,859 | 3,349,924 | |
A.O. Smith Corp. (Building Products) | 4,307 | 369,756 | |
Alaska Air Group, Inc. (Airlines) | (a) | 4,058 | 211,422 |
Allegion PLC (Building Products) | 2,971 | 393,479 | |
American Airlines Group, Inc. (Airlines) | (a) | 20,959 | 376,424 |
AMETEK, Inc. (Electrical Equip.) | 7,551 | 1,110,299 | |
Boeing Co. / The (Aerospace & Defense) | (a) | 18,084 | 3,640,671 |
C.H. Robinson Worldwide, Inc. (Air Freight & Logistics) | 4,290 | 461,733 | |
Carrier Global Corp. (Building Products) | 28,470 | 1,544,213 | |
Caterpillar, Inc. (Machinery) | 17,698 | 3,658,885 | |
Cintas Corp. (Commercial Svs. & Supplies) | 2,888 | 1,279,875 | |
Copart, Inc. (Commercial Svs. & Supplies) | (a) | 6,932 | 1,051,030 |
CSX Corp. (Road & Rail) | 72,597 | 2,729,647 | |
Cummins, Inc. (Machinery) | 4,669 | 1,018,496 | |
Deere & Co. (Machinery) | 9,232 | 3,165,561 | |
Delta Air Lines, Inc. (Airlines) | (a) | 21,089 | 824,158 |
Dover Corp. (Machinery) | 4,733 | 859,513 | |
Eaton Corp. PLC (Electrical Equip.) | 13,038 | 2,253,227 | |
Emerson Electric Co. (Electrical Equip.) | 19,563 | 1,818,772 | |
Equifax, Inc. (Professional Svs.) | 4,014 | 1,175,259 | |
Expeditors International of Washington, Inc. (Air Freight & Logistics) | 5,530 | 742,624 | |
Fastenal Co. (Trading Companies & Distributors) | 18,720 | 1,199,203 | |
FedEx Corp. (Air Freight & Logistics) | 7,994 | 2,067,568 | |
Fortive Corp. (Machinery) | 11,756 | 896,865 | |
Fortune Brands Home & Security, Inc. (Building Products) | 4,466 | 477,415 | |
Generac Holdings, Inc. (Electrical Equip.) | (a) | 2,069 | 728,122 |
General Dynamics Corp. (Aerospace & Defense) | 7,608 | 1,586,040 | |
General Electric Co. (Industrial Conglomerates) | 35,939 | 3,395,157 | |
Honeywell International, Inc. (Industrial Conglomerates) | 22,532 | 4,698,147 | |
Howmet Aerospace, Inc. (Aerospace & Defense) | 12,446 | 396,156 | |
Huntington Ingalls Industries, Inc. (Aerospace & Defense) | 1,333 | 248,924 |
Ohio National Fund, Inc. | ON S&P 500® Index Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Industrials (continued) | |||
IDEX Corp. (Machinery) | 2,480 | $ ��� 586,074 | |
IHS Markit Ltd. (Professional Svs.) | 13,020 | 1,730,618 | |
Illinois Tool Works, Inc. (Machinery) | 9,350 | 2,307,580 | |
Ingersoll Rand, Inc. (Machinery) | 13,460 | 832,770 | |
J.B. Hunt Transport Services, Inc. (Road & Rail) | 2,713 | 554,537 | |
Jacobs Engineering Group, Inc. (Construction & Engineering) | 4,278 | 595,626 | |
Johnson Controls International PLC (Building Products) | 23,139 | 1,881,432 | |
L3Harris Technologies, Inc. (Aerospace & Defense) | 6,416 | 1,368,148 | |
Leidos Holdings, Inc. (Professional Svs.) | 4,545 | 404,051 | |
Lockheed Martin Corp. (Aerospace & Defense) | 8,039 | 2,857,141 | |
Masco Corp. (Building Products) | 8,067 | 566,465 | |
Nielsen Holdings PLC (Professional Svs.) | 11,851 | 243,064 | |
Norfolk Southern Corp. (Road & Rail) | 7,965 | 2,371,260 | |
Northrop Grumman Corp. (Aerospace & Defense) | 4,864 | 1,882,708 | |
Old Dominion Freight Line, Inc. (Road & Rail) | 3,062 | 1,097,360 | |
Otis Worldwide Corp. (Machinery) | 13,836 | 1,204,701 | |
PACCAR, Inc. (Machinery) | 11,386 | 1,004,928 | |
Parker-Hannifin Corp. (Machinery) | 4,240 | 1,348,829 | |
Pentair PLC (Machinery) | 5,458 | 398,598 | |
Quanta Services, Inc. (Construction & Engineering) | 4,599 | 527,321 | |
Raytheon Technologies Corp. (Aerospace & Defense) | 49,030 | 4,219,522 | |
Republic Services, Inc. (Commercial Svs. & Supplies) | 6,860 | 956,627 | |
Robert Half International, Inc. (Professional Svs.) | 3,692 | 411,732 | |
Rockwell Automation, Inc. (Electrical Equip.) | 3,798 | 1,324,932 | |
Rollins, Inc. (Commercial Svs. & Supplies) | 7,576 | 259,175 | |
Roper Technologies, Inc. (Industrial Conglomerates) | 3,441 | 1,692,490 | |
Snap-on, Inc. (Machinery) | 1,747 | 376,269 | |
Southwest Airlines Co. (Airlines) | (a) | 19,302 | 826,898 |
Stanley Black & Decker, Inc. (Machinery) | 5,364 | 1,011,758 | |
Teledyne Technologies, Inc. (Aerospace & Defense) | (a) | 1,514 | 661,451 |
Textron, Inc. (Aerospace & Defense) | 7,182 | 554,450 | |
Trane Technologies PLC (Building Products) | 7,756 | 1,566,945 | |
TransDigm Group, Inc. (Aerospace & Defense) | (a) | 1,706 | 1,085,494 |
Union Pacific Corp. (Road & Rail) | 21,042 | 5,301,111 | |
United Airlines Holdings, Inc. (Airlines) | (a) | 10,500 | 459,690 |
United Parcel Service, Inc. Class B (Air Freight & Logistics) | 23,864 | 5,115,010 | |
United Rentals, Inc. (Trading Companies & Distributors) | (a) | 2,379 | 790,518 |
Verisk Analytics, Inc. (Professional Svs.) | 5,275 | 1,206,551 | |
W.W. Grainger, Inc. (Trading Companies & Distributors) | 1,401 | 726,054 | |
Waste Management, Inc. (Commercial Svs. & Supplies) | 12,579 | 2,099,435 | |
Westinghouse Air Brake Technologies Corp. (Machinery) | 6,175 | 568,779 | |
Xylem, Inc. (Machinery) | 5,860 | 702,731 | |
103,409,398 | |||
Information Technology–29.0% | |||
Accenture PLC Class A (IT Svs.) | 20,674 | 8,570,407 | |
Adobe, Inc. (Software) | (a) | 15,571 | 8,829,691 |
Advanced Micro Devices, Inc. (Semiconductors & Equip.) | (a) | 39,518 | 5,686,640 |
Akamai Technologies, Inc. (IT Svs.) | (a) | 5,271 | 616,918 |
Amphenol Corp. Class A (Electronic Equip., Instr. & Comp.) | 19,506 | 1,705,995 | |
Analog Devices, Inc. (Semiconductors & Equip.) | 17,585 | 3,090,915 |
Common Stocks (Continued) | Shares | Value | |
Information Technology (continued) | |||
ANSYS, Inc. (Software) | (a) | 2,869 | $ 1,150,813 |
Apple, Inc. (Tech. Hardware, Storage & Periph.) | 510,113 | 90,580,765 | |
Applied Materials, Inc. (Semiconductors & Equip.) | 29,546 | 4,649,359 | |
Arista Networks, Inc. (Communications Equip.) | (a) | 7,305 | 1,050,094 |
Autodesk, Inc. (Software) | (a) | 7,178 | 2,018,382 |
Automatic Data Processing, Inc. (IT Svs.) | 13,794 | 3,401,324 | |
Broadcom, Inc. (Semiconductors & Equip.) | 13,471 | 8,963,738 | |
Broadridge Financial Solutions, Inc. (IT Svs.) | 3,849 | 703,674 | |
Cadence Design Systems, Inc. (Software) | (a) | 9,068 | 1,689,822 |
CDW Corp. (Electronic Equip., Instr. & Comp.) | 4,425 | 906,151 | |
Ceridian HCM Holding, Inc. (Software) | (a) | 4,387 | 458,266 |
Cisco Systems, Inc. (Communications Equip.) | 138,119 | 8,752,601 | |
Citrix Systems, Inc. (Software) | 4,103 | 388,103 | |
Cognizant Technology Solutions Corp. Class A (IT Svs.) | 17,187 | 1,524,831 | |
Corning, Inc. (Electronic Equip., Instr. & Comp.) | 25,309 | 942,254 | |
DXC Technology Co. (IT Svs.) | (a) | 8,203 | 264,055 |
Enphase Energy, Inc. (Semiconductors & Equip.) | (a) | 4,428 | 810,058 |
EPAM Systems, Inc. (IT Svs.) | (a) | 1,856 | 1,240,643 |
F5, Inc. (Communications Equip.) | (a) | 1,991 | 487,218 |
Fidelity National Information Services, Inc. (IT Svs.) | 19,924 | 2,174,705 | |
Fiserv, Inc. (IT Svs.) | (a) | 19,444 | 2,018,093 |
FleetCor Technologies, Inc. (IT Svs.) | (a) | 2,687 | 601,458 |
Fortinet, Inc. (Software) | (a) | 4,439 | 1,595,377 |
Gartner, Inc. (IT Svs.) | (a) | 2,702 | 903,333 |
Global Payments, Inc. (IT Svs.) | 9,438 | 1,275,829 | |
Hewlett Packard Enterprise Co. (Tech. Hardware, Storage & Periph.) | 43,186 | 681,043 | |
HP, Inc. (Tech. Hardware, Storage & Periph.) | 37,700 | 1,420,159 | |
Intel Corp. (Semiconductors & Equip.) | 133,088 | 6,854,032 | |
International Business Machines Corp. (IT Svs.) | 29,346 | 3,922,386 | |
Intuit, Inc. (Software) | 9,268 | 5,961,363 | |
IPG Photonics Corp. (Electronic Equip., Instr. & Comp.) | (a) | 1,201 | 206,740 |
Jack Henry & Associates, Inc. (IT Svs.) | 2,419 | 403,949 | |
Juniper Networks, Inc. (Communications Equip.) | 10,476 | 374,098 | |
Keysight Technologies, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 6,009 | 1,240,919 |
KLA Corp. (Semiconductors & Equip.) | 4,956 | 2,131,625 | |
Lam Research Corp. (Semiconductors & Equip.) | 4,607 | 3,313,124 | |
Mastercard, Inc. Class A (IT Svs.) | 28,390 | 10,201,095 | |
Microchip Technology, Inc. (Semiconductors & Equip.) | 18,141 | 1,579,355 | |
Micron Technology, Inc. (Semiconductors & Equip.) | 36,605 | 3,409,756 | |
Microsoft Corp. (Software) | 245,722 | 82,641,223 | |
Monolithic Power Systems, Inc. (Semiconductors & Equip.) | 1,432 | 706,449 | |
Motorola Solutions, Inc. (Communications Equip.) | 5,513 | 1,497,882 | |
NetApp, Inc. (Tech. Hardware, Storage & Periph.) | 7,319 | 673,275 | |
NortonLifeLock, Inc. (Software) | 19,297 | 501,336 | |
NVIDIA Corp. (Semiconductors & Equip.) | 81,819 | 24,063,786 | |
NXP Semiconductors N.V. (Semiconductors & Equip.) | 8,699 | 1,981,458 | |
Oracle Corp. (Software) | 52,789 | 4,603,729 | |
Paychex, Inc. (IT Svs.) | 10,506 | 1,434,069 | |
Paycom Software, Inc. (Software) | (a) | 1,587 | 658,907 |
PayPal Holdings, Inc. (IT Svs.) | (a) | 38,447 | 7,250,335 |
PTC, Inc. (Software) | (a) | 3,452 | 418,210 |
Qorvo, Inc. (Semiconductors & Equip.) | (a) | 3,607 | 564,099 |
QUALCOMM, Inc. (Semiconductors & Equip.) | 36,651 | 6,702,368 | |
salesforce.com, Inc. (Software) | (a) | 32,039 | 8,142,071 |
Ohio National Fund, Inc. | ON S&P 500® Index Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Information Technology (continued) | |||
Seagate Technology Holdings PLC (Tech. Hardware, Storage & Periph.) | 6,648 | $ 751,091 | |
ServiceNow, Inc. (Software) | (a) | 6,511 | 4,226,355 |
Skyworks Solutions, Inc. (Semiconductors & Equip.) | 5,444 | 844,582 | |
SolarEdge Technologies, Inc. (Semiconductors & Equip.) | (a) | 1,737 | 487,350 |
Synopsys, Inc. (Software) | (a) | 4,989 | 1,838,446 |
TE Connectivity Ltd. (Electronic Equip., Instr. & Comp.) | 10,687 | 1,724,241 | |
Teradyne, Inc. (Semiconductors & Equip.) | 5,341 | 873,414 | |
Texas Instruments, Inc. (Semiconductors & Equip.) | 30,222 | 5,695,940 | |
Trimble, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 8,172 | 712,517 |
Tyler Technologies, Inc. (Software) | (a) | 1,344 | 723,005 |
VeriSign, Inc. (IT Svs.) | (a) | 3,166 | 803,594 |
Visa, Inc. (IT Svs.) | 54,883 | 11,893,695 | |
Western Digital Corp. (Tech. Hardware, Storage & Periph.) | (a) | 10,083 | 657,512 |
Xilinx, Inc. (Semiconductors & Equip.) | 8,110 | 1,719,563 | |
Zebra Technologies Corp. Class A (Electronic Equip., Instr. & Comp.) | (a) | 1,756 | 1,045,171 |
384,586,829 | |||
Materials–2.5% | |||
Air Products & Chemicals, Inc. (Chemicals) | 7,239 | 2,202,538 | |
Albemarle Corp. (Chemicals) | 3,832 | 895,807 | |
Amcor PLC (Containers & Packaging) | 50,827 | 610,432 | |
Avery Dennison Corp. (Containers & Packaging) | 2,731 | 591,453 | |
Ball Corp. (Containers & Packaging) | 10,608 | 1,021,232 | |
Celanese Corp. (Chemicals) | 3,584 | 602,327 | |
CF Industries Holdings, Inc. (Chemicals) | 7,020 | 496,876 | |
Corteva, Inc. (Chemicals) | 23,968 | 1,133,207 | |
Dow, Inc. (Chemicals) | 24,160 | 1,370,355 | |
DuPont de Nemours, Inc. (Chemicals) | 16,954 | 1,369,544 | |
Eastman Chemical Co. (Chemicals) | 4,413 | 533,576 | |
Ecolab, Inc. (Chemicals) | 8,161 | 1,914,489 | |
FMC Corp. (Chemicals) | 4,198 | 461,318 | |
Freeport-McMoRan, Inc. (Metals & Mining) | 48,104 | 2,007,380 | |
International Flavors & Fragrances, Inc. (Chemicals) | 8,324 | 1,254,011 | |
International Paper Co. (Containers & Packaging) | 12,623 | 593,029 | |
Linde PLC (Chemicals) | 16,776 | 5,811,710 | |
LyondellBasell Industries N.V. Class A (Chemicals) | 8,614 | 794,469 | |
Martin Marietta Materials, Inc. (Construction Materials) | 2,036 | 896,899 | |
Mosaic Co. / The (Chemicals) | 12,125 | 476,391 | |
Newmont Corp. (Metals & Mining) | 26,016 | 1,613,512 | |
Nucor Corp. (Metals & Mining) | 9,315 | 1,063,307 | |
Packaging Corp. of America (Containers & Packaging) | 3,088 | 420,431 | |
PPG Industries, Inc. (Chemicals) | 7,769 | 1,339,686 | |
Sealed Air Corp. (Containers & Packaging) | 4,818 | 325,070 | |
Sherwin-Williams Co. / The (Chemicals) | 7,897 | 2,781,008 | |
Vulcan Materials Co. (Construction Materials) | 4,376 | 908,370 | |
Westrock Co. (Containers & Packaging) | 8,597 | 381,363 | |
33,869,790 | |||
Real Estate–2.8% | |||
Alexandria Real Estate Equities, Inc. (Equity REIT) | 4,613 | 1,028,514 | |
American Tower Corp. (Equity REIT) | 14,908 | 4,360,590 | |
AvalonBay Communities, Inc. (Equity REIT) | 4,564 | 1,152,821 | |
Boston Properties, Inc. (Equity REIT) | 4,687 | 539,849 | |
CBRE Group, Inc. Class A (Real Estate Mgmt. & Development) | (a) | 10,917 | 1,184,604 |
Common Stocks (Continued) | Shares | Value | |
Real Estate (continued) | |||
Crown Castle International Corp. (Equity REIT) | 14,148 | $ 2,953,254 | |
Digital Realty Trust, Inc. (Equity REIT) | 9,290 | 1,643,122 | |
Duke Realty Corp. (Equity REIT) | 12,436 | 816,299 | |
Equinix, Inc. (Equity REIT) | 2,947 | 2,492,690 | |
Equity Residential (Equity REIT) | 11,189 | 1,012,605 | |
Essex Property Trust, Inc. (Equity REIT) | 2,112 | 743,910 | |
Extra Space Storage, Inc. (Equity REIT) | 4,415 | 1,001,013 | |
Federal Realty Investment Trust (Equity REIT) | 2,258 | 307,811 | |
Healthpeak Properties, Inc. (Equity REIT) | 17,787 | 641,933 | |
Host Hotels & Resorts, Inc. (Equity REIT) | (a) | 23,496 | 408,595 |
Iron Mountain, Inc. (Equity REIT) | 9,400 | 491,902 | |
Kimco Realty Corp. (Equity REIT) | 19,917 | 490,954 | |
Mid-America Apartment Communities, Inc. (Equity REIT) | 3,750 | 860,400 | |
Prologis, Inc. (Equity REIT) | 24,216 | 4,077,006 | |
Public Storage (Equity REIT) | 4,999 | 1,872,425 | |
Realty Income Corp. (Equity REIT) | 18,542 | 1,327,422 | |
Regency Centers Corp. (Equity REIT) | 5,075 | 382,401 | |
SBA Communications Corp. (Equity REIT) | 3,550 | 1,381,021 | |
Simon Property Group, Inc. (Equity REIT) | 10,733 | 1,714,811 | |
UDR, Inc. (Equity REIT) | 9,428 | 565,586 | |
Ventas, Inc. (Equity REIT) | 13,001 | 664,611 | |
Vornado Realty Trust (Equity REIT) | 5,376 | 225,039 | |
Welltower, Inc. (Equity REIT) | 14,294 | 1,225,996 | |
Weyerhaeuser Co. (Equity REIT) | 24,426 | 1,005,863 | |
36,573,047 | |||
Utilities–2.5% | |||
AES Corp. / The (Ind. Power & Renewable Elec.) | 21,836 | 530,615 | |
Alliant Energy Corp. (Electric Utilities) | 8,143 | 500,550 | |
Ameren Corp. (Multi-Utilities) | 8,410 | 748,574 | |
American Electric Power Co., Inc. (Electric Utilities) | 16,546 | 1,472,098 | |
American Water Works Co., Inc. (Water Utilities) | 5,947 | 1,123,150 | |
Atmos Energy Corp. (Gas Utilities) | 4,366 | 457,426 | |
CenterPoint Energy, Inc. (Multi-Utilities) | 20,722 | 578,351 | |
CMS Energy Corp. (Multi-Utilities) | 9,525 | 619,601 | |
Consolidated Edison, Inc. (Multi-Utilities) | 11,497 | 980,924 | |
Dominion Energy, Inc. (Multi-Utilities) | 26,537 | 2,084,747 | |
DTE Energy Co. (Multi-Utilities) | 6,333 | 757,047 | |
Duke Energy Corp. (Electric Utilities) | 25,179 | 2,641,277 | |
Edison International (Electric Utilities) | 12,409 | 846,914 | |
Entergy Corp. (Electric Utilities) | 6,553 | 738,195 | |
Evergy, Inc. (Electric Utilities) | 7,488 | 513,752 | |
Eversource Energy (Electric Utilities) | 11,187 | 1,017,793 | |
Exelon Corp. (Electric Utilities) | 31,937 | 1,844,681 | |
FirstEnergy Corp. (Electric Utilities) | 17,846 | 742,215 | |
NextEra Energy, Inc. (Electric Utilities) | 64,237 | 5,997,166 | |
NiSource, Inc. (Multi-Utilities) | 12,832 | 354,292 | |
NRG Energy, Inc. (Ind. Power & Renewable Elec.) | 8,144 | 350,844 | |
Pinnacle West Capital Corp. (Electric Utilities) | 3,719 | 262,524 | |
PPL Corp. (Electric Utilities) | 24,808 | 745,728 | |
Public Service Enterprise Group, Inc. (Multi-Utilities) | 16,521 | 1,102,446 | |
Sempra Energy (Multi-Utilities) | 10,458 | 1,383,384 | |
Southern Co. / The (Electric Utilities) | 34,653 | 2,376,503 | |
WEC Energy Group, Inc. (Multi-Utilities) | 10,312 | 1,000,986 | |
Xcel Energy, Inc. (Electric Utilities) | 17,535 | 1,187,120 | |
32,958,903 | |||
Total Common Stocks (Cost $739,203,204) | $1,320,777,784 | ||
Total Investments – 99.7% (Cost $739,203,204) | (b) | $1,320,777,784 | |
Other Assets in Excess of Liabilities – 0.3% | (c) | 4,256,032 | |
Net Assets – 100.0% | $1,325,033,816 |
Ohio National Fund, Inc. | ON S&P 500® Index Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Percentages are stated as a percent of net assets. |
Footnotes: | ||
(a) | Non-income producing security. | |
(b) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 7 of the Notes to Financial Statements. | |
(c) | Includes $494,500 of cash pledged as collateral for the futures contracts outstanding at December 31, 2021. See also the following Schedule of Open Futures Contracts. |
Schedule of Open Futures Contracts | December 31, 2021 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
CME E-mini S&P 500 Index - Long | 43 | March 18, 2022 | $10,302,340 | $10,230,775 | $(71,565) | $(124,048) |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Value Portfolio (Unaudited) |
Average Annual returns | |
One year | 25.39% |
Five years | 10.21% |
Ten years | 10.61% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2021. |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Value Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2021 (1) | |
% of Net Assets | |
Common Stocks (4) | 99.7 |
Money Market Funds Less Net Liabilities | 0.3 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2021 (1) (2) (3) | ||
% of Net Assets | ||
1. | Johnson & Johnson | 3.2 |
2. | Prologis, Inc. | 1.8 |
3. | Danaher Corp. | 1.7 |
4. | JPMorgan Chase & Co. | 1.6 |
5. | Alphabet, Inc. Class A | 1.5 |
6. | Berkshire Hathaway, Inc. Class B | 1.5 |
7. | Marsh & McLennan Cos., Inc. | 1.5 |
8. | Intel Corp. | 1.5 |
9. | Procter & Gamble Co. / The | 1.4 |
10. | Citigroup, Inc. | 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 | 20.7 |
Health Care | 18.4 |
Industrials | 12.1 |
Information Technology | 11.1 |
Consumer Staples | 7.0 |
Communication Services | 6.5 |
Consumer Discretionary | 5.5 |
Utilities | 5.4 |
Energy | 5.0 |
Real Estate | 4.7 |
Materials | 3.3 |
99.7 |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Value Portfolio |
Schedule of Investments | December 31, 2021 |
Common Stocks–99.7% | Shares | Value | |
Communication Services–6.5% | |||
Alphabet, Inc. Class A (Interactive Media & Svs.) | (a) | 1,713 | $ 4,962,629 |
Alphabet, Inc. Class C (Interactive Media & Svs.) | (a) | 601 | 1,739,048 |
Altice U.S.A., Inc. Class A (Media) | (a) | 32,920 | 532,646 |
AT&T, Inc. (Diversified Telecom. Svs.) | 82,265 | 2,023,719 | |
Booking Holdings, Inc. (Internet & Direct Marketing Retail) | (a) | 291 | 698,176 |
Comcast Corp. Class A (Media) | 67,305 | 3,387,461 | |
Discovery, Inc. Class C (Media) | (a) | 4,854 | 111,157 |
Fox Corp. Class A (Media) | 29,691 | 1,095,598 | |
Fox Corp. Class B (Media) | 2,339 | 80,157 | |
Nexstar Media Group, Inc. Class A (Media) | 443 | 66,884 | |
Roku, Inc. (Entertainment) | (a) | 1,605 | 366,261 |
Sirius XM Holdings, Inc. (Media) | 131,605 | 835,692 | |
TEGNA, Inc. (Media) | 17,777 | 329,941 | |
United States Cellular Corp. (Wireless Telecom. Svs.) | (a) | 20,097 | 633,457 |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 43,748 | 2,273,146 | |
Walt Disney Co. / The (Entertainment) | (a) | 11,555 | 1,789,754 |
Zynga, Inc. Class A (Entertainment) | (a) | 41,470 | 265,408 |
21,191,134 | |||
Consumer Discretionary–5.5% | |||
Advance Auto Parts, Inc. (Specialty Retail) | 155 | 37,181 | |
American Eagle Outfitters, Inc. (Specialty Retail) | 4,844 | 122,650 | |
BorgWarner, Inc. (Auto Components) | 67,356 | 3,035,735 | |
D.R. Horton, Inc. (Household Durables) | 9,469 | 1,026,913 | |
Foot Locker, Inc. (Specialty Retail) | 2,968 | 129,494 | |
H&R Block, Inc. (Diversified Consumer Svs.) | 42,993 | 1,012,915 | |
Levi Strauss & Co. Class A (Textiles, Apparel & Luxury Goods) | 5,912 | 147,977 | |
Lithia Motors, Inc. (Specialty Retail) | 1,091 | 323,972 | |
McDonald's Corp. (Hotels, Restaurants & Leisure) | 3,655 | 979,796 | |
Nordstrom, Inc. (Multiline Retail) | (a) | 28,683 | 648,810 |
Penske Automotive Group, Inc. (Specialty Retail) | 5,489 | 588,531 | |
Petco Health & Wellness Co., Inc. (Specialty Retail) | (a) | 2,783 | 55,076 |
Ralph Lauren Corp. (Textiles, Apparel & Luxury Goods) | 5,119 | 608,444 | |
Rivian Automotive, Inc. Class A (Automobiles) | (a) | 5,283 | 547,794 |
Service Corp. International (Diversified Consumer Svs.) | 17,220 | 1,222,448 | |
Sweetgreen, Inc. Class A (Hotels, Restaurants & Leisure) | (a) | 2,462 | 78,784 |
Target Corp. (Multiline Retail) | 18,570 | 4,297,841 | |
Travel + Leisure Co. (Hotels, Restaurants & Leisure) | 20,286 | 1,121,207 | |
Under Armour, Inc. Class C (Textiles, Apparel & Luxury Goods) | (a) | 3,049 | 55,004 |
Whirlpool Corp. (Household Durables) | 7,417 | 1,740,473 | |
17,781,045 | |||
Consumer Staples–7.0% | |||
Coca-Cola Europacific Partners PLC (Beverages) | 9,116 | 509,858 | |
Colgate-Palmolive Co. (Household Products) | 48,061 | 4,101,526 | |
Costco Wholesale Corp. (Food & Staples Retailing) | 1,499 | 850,982 | |
Estee Lauder Cos., Inc. / The Class A (Personal Products) | 5,940 | 2,198,988 | |
Kellogg Co. (Food Products) | 9,764 | 628,997 | |
Keurig Dr Pepper, Inc. (Beverages) | 54,510 | 2,009,239 | |
McCormick & Co., Inc. (Food Products) | 17,894 | 1,728,739 | |
Molson Coors Beverage Co. Class B (Beverages) | 45,961 | 2,130,292 |
Common Stocks (Continued) | Shares | Value | |
Consumer Staples (continued) | |||
Procter & Gamble Co. / The (Household Products) | 28,899 | $ 4,727,298 | |
Walmart, Inc. (Food & Staples Retailing) | 25,911 | 3,749,063 | |
22,634,982 | |||
Energy–5.0% | |||
Chevron Corp. (Oil, Gas & Consumable Fuels) | 12,345 | 1,448,686 | |
Devon Energy Corp. (Oil, Gas & Consumable Fuels) | 22,337 | 983,945 | |
Diamondback Energy, Inc. (Oil, Gas & Consumable Fuels) | 471 | 50,797 | |
EOG Resources, Inc. (Oil, Gas & Consumable Fuels) | 49,315 | 4,380,652 | |
Exxon Mobil Corp. (Oil, Gas & Consumable Fuels) | 51,402 | 3,145,288 | |
Halliburton Co. (Energy Equip. & Svs.) | 19,082 | 436,405 | |
Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels) | 26,559 | 421,226 | |
Ovintiv, Inc. (Oil, Gas & Consumable Fuels) | 6,587 | 221,982 | |
Phillips 66 (Oil, Gas & Consumable Fuels) | 15,670 | 1,135,448 | |
Schlumberger N.V. (Energy Equip. & Svs.) | 131,475 | 3,937,676 | |
Williams Cos., Inc. / The (Oil, Gas & Consumable Fuels) | 10,468 | 272,587 | |
16,434,692 | |||
Financials–20.7% | |||
Allstate Corp. / The (Insurance) | 7,157 | 842,021 | |
Ally Financial, Inc. (Consumer Finance) | 72,128 | 3,434,014 | |
American Express Co. (Consumer Finance) | 3,649 | 596,976 | |
Apollo Global Management, Inc. (Capital Markets) | (a) | 10,065 | 729,008 |
Athene Holding Ltd. Class A (Insurance) | (a) | 1,774 | 147,827 |
Bank of America Corp. (Banks) | 87,499 | 3,892,831 | |
Bank of Hawaii Corp. (Banks) | 12,539 | 1,050,267 | |
Berkshire Hathaway, Inc. Class B (Diversified Financial Svs.) | (a) | 16,338 | 4,885,062 |
Capital One Financial Corp. (Consumer Finance) | 11,172 | 1,620,945 | |
CBOE Global Markets, Inc. (Capital Markets) | 291 | 37,946 | |
Citigroup, Inc. (Banks) | 74,638 | 4,507,389 | |
Cullen / Frost Bankers, Inc. (Banks) | 766 | 96,570 | |
FactSet Research Systems, Inc. (Capital Markets) | 2,202 | 1,070,194 | |
First Republic Bank (Banks) | 19,123 | 3,949,091 | |
Goldman Sachs Group, Inc. / The (Capital Markets) | 2,664 | 1,019,113 | |
Hanover Insurance Group, Inc. / The (Insurance) | 1,736 | 227,520 | |
Hartford Financial Services Group, Inc. / The (Insurance) | 667 | 46,050 | |
Huntington Bancshares, Inc. (Banks) | 57,486 | 886,434 | |
Intercontinental Exchange, Inc. (Capital Markets) | 3,922 | 536,412 | |
JPMorgan Chase & Co. (Banks) | 32,995 | 5,224,758 | |
Marsh & McLennan Cos., Inc. (Insurance) | 27,982 | 4,863,831 | |
MetLife, Inc. (Insurance) | 71,335 | 4,457,724 | |
Moody's Corp. (Capital Markets) | 1,075 | 419,873 | |
Morgan Stanley (Capital Markets) | 23,088 | 2,266,318 | |
New York Community Bancorp, Inc. (Thrifts & Mortgage Finance) | 16,917 | 206,557 | |
Pinnacle Financial Partners, Inc. (Banks) | 7,659 | 731,434 | |
PNC Financial Services Group, Inc. / The (Banks) | 3,255 | 652,693 | |
Radian Group, Inc. (Thrifts & Mortgage Finance) | 10,151 | 214,491 | |
Regions Financial Corp. (Banks) | 104,341 | 2,274,634 | |
Reinsurance Group of America, Inc. (Insurance) | 6,355 | 695,809 | |
S&P Global, Inc. (Capital Markets) | 7,375 | 3,480,484 | |
Stifel Financial Corp. (Capital Markets) | 29,802 | 2,098,657 |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Value Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Financials (continued) | |||
Travelers Cos., Inc. / The (Insurance) | 25,639 | $ 4,010,709 | |
Voya Financial, Inc. (Diversified Financial Svs.) | 57,755 | 3,829,734 | |
Wells Fargo & Co. (Banks) | 15,300 | 734,094 | |
Western Alliance Bancorp (Banks) | 7,714 | 830,412 | |
Willis Towers Watson PLC (Insurance) | 3,990 | 947,585 | |
67,515,467 | |||
Health Care–18.4% | |||
Abbott Laboratories (Health Care Equip. & Supplies) | 4,499 | 633,189 | |
Agilent Technologies, Inc. (Life Sciences Tools & Svs.) | 21,923 | 3,500,007 | |
AmerisourceBergen Corp. (Health Care Providers & Svs.) | 1,511 | 200,797 | |
Amgen, Inc. (Biotechnology) | 10,538 | 2,370,734 | |
Anthem, Inc. (Health Care Providers & Svs.) | 8,728 | 4,045,777 | |
Biogen, Inc. (Biotechnology) | (a) | 2,796 | 670,816 |
Bristol-Myers Squibb Co. (Pharmaceuticals) | 44,075 | 2,748,076 | |
Cigna Corp. (Health Care Providers & Svs.) | 8,978 | 2,061,618 | |
CVS Health Corp. (Health Care Providers & Svs.) | 27,283 | 2,814,514 | |
Danaher Corp. (Life Sciences Tools & Svs.) | 16,843 | 5,541,516 | |
Eli Lilly & Co. (Pharmaceuticals) | 2,852 | 787,780 | |
Hologic, Inc. (Health Care Equip. & Supplies) | (a) | 532 | 40,730 |
IDEXX Laboratories, Inc. (Health Care Equip. & Supplies) | (a) | 5,713 | 3,761,782 |
Johnson & Johnson (Pharmaceuticals) | 61,248 | 10,477,695 | |
McKesson Corp. (Health Care Providers & Svs.) | 8,715 | 2,166,288 | |
Medtronic PLC (Health Care Equip. & Supplies) | 15,929 | 1,647,855 | |
Merck & Co., Inc. (Pharmaceuticals) | 32,837 | 2,516,628 | |
Molina Healthcare, Inc. (Health Care Providers & Svs.) | (a) | 752 | 239,196 |
Pfizer, Inc. (Pharmaceuticals) | 69,128 | 4,082,008 | |
Regeneron Pharmaceuticals, Inc. (Biotechnology) | (a) | 669 | 422,487 |
Teladoc Health, Inc. (Health Care Technology) | (a) | 8,311 | 763,116 |
Thermo Fisher Scientific, Inc. (Life Sciences Tools & Svs.) | 2,137 | 1,425,892 | |
UnitedHealth Group, Inc. (Health Care Providers & Svs.) | 6,383 | 3,205,160 | |
Zoetis, Inc. (Pharmaceuticals) | 15,532 | 3,790,274 | |
59,913,935 | |||
Industrials–12.1% | |||
Alaska Air Group, Inc. (Airlines) | (a) | 18,728 | 975,729 |
AMETEK, Inc. (Electrical Equip.) | 6,717 | 987,668 | |
Axon Enterprise, Inc. (Aerospace & Defense) | (a) | 1,615 | 253,555 |
Builders FirstSource, Inc. (Building Products) | (a) | 3,589 | 307,613 |
C.H. Robinson Worldwide, Inc. (Air Freight & Logistics) | 14,405 | 1,550,410 | |
Caterpillar, Inc. (Machinery) | 8,284 | 1,712,634 | |
Curtiss-Wright Corp. (Aerospace & Defense) | 283 | 39,244 | |
Equifax, Inc. (Professional Svs.) | 4,995 | 1,462,486 | |
Expeditors International of Washington, Inc. (Air Freight & Logistics) | 9,645 | 1,295,227 | |
Fortive Corp. (Machinery) | 16,548 | 1,262,447 | |
Fortune Brands Home & Security, Inc. (Building Products) | 924 | 98,776 | |
General Electric Co. (Industrial Conglomerates) | 9,987 | 943,472 | |
Honeywell International, Inc. (Industrial Conglomerates) | 17,640 | 3,678,116 | |
IHS Markit Ltd. (Professional Svs.) | 5,740 | 762,961 | |
Illinois Tool Works, Inc. (Machinery) | 15,481 | 3,820,711 | |
Johnson Controls International PLC (Building Products) | 3,828 | 311,255 | |
Landstar System, Inc. (Road & Rail) | 15,788 | 2,826,368 | |
Lennox International, Inc. (Building Products) | 13 | 4,217 |
Common Stocks (Continued) | Shares | Value | |
Industrials (continued) | |||
Lockheed Martin Corp. (Aerospace & Defense) | 6,588 | $ 2,341,441 | |
Masco Corp. (Building Products) | 21,197 | 1,488,453 | |
Mercury Systems, Inc. (Aerospace & Defense) | (a) | 4,801 | 264,343 |
Northrop Grumman Corp. (Aerospace & Defense) | 1,243 | 481,128 | |
Otis Worldwide Corp. (Machinery) | 37,576 | 3,271,742 | |
Owens Corning (Building Products) | 11,817 | 1,069,438 | |
Roper Technologies, Inc. (Industrial Conglomerates) | 1,549 | 761,891 | |
Ryder System, Inc. (Road & Rail) | 24,548 | 2,023,492 | |
Schneider National, Inc. Class B (Road & Rail) | 21,500 | 578,565 | |
SiteOne Landscape Supply, Inc. (Trading Companies & Distributors) | (a) | 5,743 | 1,391,414 |
Snap-on, Inc. (Machinery) | 1,792 | 385,961 | |
Trane Technologies PLC (Building Products) | 7,732 | 1,562,096 | |
United Parcel Service, Inc. Class B (Air Freight & Logistics) | 3,945 | 845,571 | |
Waste Connections, Inc. (Commercial Svs. & Supplies) | 5,165 | 703,834 | |
39,462,258 | |||
Information Technology–11.1% | |||
Advanced Micro Devices, Inc. (Semiconductors & Equip.) | (a) | 2,359 | 339,460 |
Automatic Data Processing, Inc. (IT Svs.) | 9,970 | 2,458,403 | |
Avnet, Inc. (Electronic Equip., Instr. & Comp.) | 6,467 | 266,634 | |
Braze, Inc. Class A (Software) | (a) | 91 | 7,022 |
Cirrus Logic, Inc. (Semiconductors & Equip.) | (a) | 10,571 | 972,743 |
Cisco Systems, Inc. (Communications Equip.) | 7,626 | 483,260 | |
Dell Technologies, Inc. Class C (Tech. Hardware, Storage & Periph.) | (a) | 64,800 | 3,639,816 |
Expensify, Inc. Class A (Software) | (a) | 4,859 | 213,796 |
Fidelity National Information Services, Inc. (IT Svs.) | 26,515 | 2,894,112 | |
Flex Ltd. (Electronic Equip., Instr. & Comp.) | (a) | 14,155 | 259,461 |
Gitlab, Inc. Class A (Software) | (a) | 1,454 | 126,498 |
Global Payments, Inc. (IT Svs.) | 4,220 | 570,460 | |
HashiCorp, Inc. Class A (Software) | (a) | 3,466 | 315,545 |
Hewlett Packard Enterprise Co. (Tech. Hardware, Storage & Periph.) | 185,476 | 2,924,957 | |
Intel Corp. (Semiconductors & Equip.) | 93,019 | 4,790,478 | |
Intuit, Inc. (Software) | 2,743 | 1,764,352 | |
Juniper Networks, Inc. (Communications Equip.) | 59,525 | 2,125,638 | |
Keysight Technologies, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 4,179 | 863,005 |
Lam Research Corp. (Semiconductors & Equip.) | 748 | 537,924 | |
Motorola Solutions, Inc. (Communications Equip.) | 600 | 163,020 | |
NetApp, Inc. (Tech. Hardware, Storage & Periph.) | 2,567 | 236,138 | |
salesforce.com, Inc. (Software) | (a) | 3,945 | 1,002,543 |
ServiceNow, Inc. (Software) | (a) | 2,619 | 1,700,019 |
Texas Instruments, Inc. (Semiconductors & Equip.) | 2,689 | 506,796 | |
Visa, Inc. (IT Svs.) | 16,635 | 3,604,971 | |
Western Digital Corp. (Tech. Hardware, Storage & Periph.) | (a) | 15,037 | 980,563 |
Workday, Inc. Class A (Software) | (a) | 9,397 | 2,567,072 |
36,314,686 | |||
Materials–3.3% | |||
Avery Dennison Corp. (Containers & Packaging) | 3,080 | 667,036 | |
Corteva, Inc. (Chemicals) | 27,126 | 1,282,517 | |
Ecolab, Inc. (Chemicals) | 15,281 | 3,584,770 | |
Mosaic Co. / The (Chemicals) | 25,198 | 990,029 |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Value Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Materials (continued) | |||
Reliance Steel & Aluminum Co. (Metals & Mining) | 6,395 | $ 1,037,397 | |
Vulcan Materials Co. (Construction Materials) | 11,351 | 2,356,241 | |
Westrock Co. (Containers & Packaging) | 22,102 | 980,445 | |
10,898,435 | |||
Real Estate–4.7% | |||
American Homes 4 Rent Class A (Equity REIT) | 21,417 | 933,995 | |
Brixmor Property Group, Inc. (Equity REIT) | 23,868 | 606,486 | |
CBRE Group, Inc. Class A (Real Estate Mgmt. & Development) | (a) | 16,821 | 1,825,247 |
CubeSmart (Equity REIT) | 51,765 | 2,945,946 | |
Extra Space Storage, Inc. (Equity REIT) | 3,103 | 703,543 | |
Life Storage, Inc. (Equity REIT) | 15,472 | 2,370,001 | |
Prologis, Inc. (Equity REIT) | 34,225 | 5,762,121 | |
15,147,339 | |||
Utilities–5.4% | |||
CMS Energy Corp. (Multi-Utilities) | 20,696 | 1,346,275 | |
Consolidated Edison, Inc. (Multi-Utilities) | 42,416 | 3,618,933 | |
DTE Energy Co. (Multi-Utilities) | 34,335 | 4,104,406 |
Common Stocks (Continued) | Shares | Value | |
Utilities (continued) | |||
Entergy Corp. (Electric Utilities) | 472 | $ 53,171 | |
NextEra Energy, Inc. (Electric Utilities) | 24,910 | 2,325,597 | |
NiSource, Inc. (Multi-Utilities) | 56,317 | 1,554,912 | |
OGE Energy Corp. (Electric Utilities) | 94,187 | 3,614,897 | |
Pinnacle West Capital Corp. (Electric Utilities) | 9,286 | 655,499 | |
Sunnova Energy International, Inc. (Ind. Power & Renewable Elec.) | (a) | 8,278 | 231,122 |
17,504,812 | |||
Total Common Stocks (Cost $299,544,530) | $324,798,785 |
Money Market Funds–1.2% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.040% | (b) | 4,017,131 | $ 4,017,532 |
Total Money Market Funds (Cost $4,017,532) | $ 4,017,532 | ||
Total Investments – 100.9% (Cost $303,562,062) | (c) | $328,816,317 | |
Liabilities in Excess of Other Assets – (0.9)% | (d) | (2,911,396) | |
Net Assets – 100.0% | $325,904,921 |
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, 2021. | |
(c) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 7 of the Notes to Financial Statements. | |
(d) | Includes $265,650 of cash pledged as collateral for the futures contracts outstanding at December 31, 2021. See also the following Schedule of Open Futures Contracts. |
Schedule of Open Futures Contracts | December 31, 2021 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
CME E-mini S&P 500 Index - Long | 21 | March 18, 2022 | $4,940,454 | $4,996,425 | $55,971 | $(17,922) |
Ohio National Fund, Inc. | ON Federated High Income Bond Portfolio (Unaudited) |
Average Annual returns | |
One year | 4.97% |
Five years | 5.88% |
Ten years | 6.39% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2021. |
Ohio National Fund, Inc. | ON Federated High Income Bond Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2021 (1) | |
% of Net Assets | |
Corporate Bonds (4) | 95.6 |
Common Stocks (4) | 0.2 |
Warrants (4) | 0.0 |
Money Market Funds and Other Net Assets | 4.2 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2021 (1) (2) (3) | ||
% of Net Assets | ||
1. | CCO Holdings LLC / CCO Holdings Capital Corp. 4.750%, 03/01/2030 | 1.3 |
2. | HUB International Ltd. 7.000%, 05/01/2026 | 1.2 |
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 | 0.8 |
5. | Clarios Global LP / Clarios U.S. Finance Co. 8.500%, 05/15/2027 | 0.8 |
6. | Standard Industries, Inc. 5.000%, 02/15/2027 | 0.8 |
7. | NFP Corp. 6.875%, 08/15/2028 | 0.7 |
8. | ARD Finance SA 6.500%,7.250% PIK, 06/30/2027 | 0.7 |
9. | Garda World Security Corp. 9.500%, 11/01/2027 | 0.7 |
10. | iHeartCommunications, Inc. 8.375%, 05/01/2027 | 0.6 |
(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, Corporate Bonds, Warrants): |
% of Net Assets | |
Communication Services | 17.8 |
Energy | 14.2 |
Health Care | 12.1 |
Consumer Discretionary | 11.6 |
Industrials | 10.5 |
Materials | 10.0 |
Financials | 9.0 |
Information Technology | 4.3 |
Consumer Staples | 3.2 |
Utilities | 2.7 |
Real Estate | 0.4 |
95.8 |
Ohio National Fund, Inc. | ON Federated High Income Bond Portfolio |
Schedule of Investments | December 31, 2021 |
Corporate Bonds–95.6% | Rate | Maturity | Face Amount | Value | |
Communication Services–17.7% | |||||
AMC Networks, Inc. (Media) | 5.000% | 04/01/2024 | $ 240,000 | $ 241,800 | |
AMC Networks, Inc. (Media) | 4.750% | 08/01/2025 | 175,000 | 178,719 | |
AMC Networks, Inc. (Media) | 4.250% | 02/15/2029 | 175,000 | 173,906 | |
Audacy Capital Corp. (Media) | (a) | 6.500% | 05/01/2027 | 375,000 | 370,950 |
Audacy Capital Corp. (Media) | (a) | 6.750% | 03/31/2029 | 350,000 | 341,938 |
Cars.com, Inc. (Interactive Media & Svs.) | (a) | 6.375% | 11/01/2028 | 400,000 | 426,000 |
CCO Holdings LLC / CCO Holdings Capital Corp. (Media) | (a) | 5.125% | 05/01/2027 | 225,000 | 231,750 |
CCO Holdings LLC / CCO Holdings Capital Corp. (Media) | (a) | 5.000% | 02/01/2028 | 650,000 | 676,000 |
CCO Holdings LLC / CCO Holdings Capital Corp. (Media) | (a) | 5.375% | 06/01/2029 | 175,000 | 188,849 |
CCO Holdings LLC / CCO Holdings Capital Corp. (Media) | (a) | 4.750% | 03/01/2030 | 2,175,000 | 2,262,000 |
CCO Holdings LLC / CCO Holdings Capital Corp. (Media) | (a) | 4.500% | 08/15/2030 | 250,000 | 255,798 |
CCO Holdings LLC / CCO Holdings Capital Corp. (Media) | (a) | 4.250% | 01/15/2034 | 100,000 | 98,383 |
CSC Holdings LLC (Media) | 5.250% | 06/01/2024 | 375,000 | 390,000 | |
CSC Holdings LLC (Media) | (a) | 5.500% | 04/15/2027 | 900,000 | 930,375 |
CSC Holdings LLC (Media) | (a) | 7.500% | 04/01/2028 | 550,000 | 589,875 |
CSC Holdings LLC (Media) | (a) | 5.750% | 01/15/2030 | 300,000 | 298,875 |
CSC Holdings LLC (Media) | (a) | 4.125% | 12/01/2030 | 200,000 | 195,250 |
CSC Holdings LLC (Media) | (a) | 4.625% | 12/01/2030 | 675,000 | 638,719 |
CSC Holdings LLC (Media) | (a) | 3.375% | 02/15/2031 | 200,000 | 187,250 |
CSC Holdings LLC (Media) | (a) | 4.500% | 11/15/2031 | 150,000 | 148,125 |
Cumulus Media New Holdings, Inc. (Media) | (a) | 6.750% | 07/01/2026 | 356,000 | 369,350 |
Diamond Sports Group LLC / Diamond Sports Finance Co. (Media) | (a) | 6.625% | 08/15/2027 | 400,000 | 112,000 |
DIRECTV Holdings LLC / DIRECTV Financing Co., Inc. (Media) | (a) | 5.875% | 08/15/2027 | 400,000 | 409,484 |
DISH DBS Corp. (Media) | 7.750% | 07/01/2026 | 125,000 | 131,875 | |
DISH DBS Corp. (Media) | (a) | 5.250% | 12/01/2026 | 450,000 | 457,103 |
DISH DBS Corp. (Media) | 7.375% | 07/01/2028 | 100,000 | 101,250 | |
DISH DBS Corp. (Media) | 5.125% | 06/01/2029 | 625,000 | 568,750 | |
Gray Escrow II, Inc. (Media) | (a) | 5.375% | 11/15/2031 | 175,000 | 180,031 |
Gray Television, Inc. (Media) | (a) | 5.875% | 07/15/2026 | 750,000 | 774,847 |
Gray Television, Inc. (Media) | (a) | 4.750% | 10/15/2030 | 75,000 | 74,531 |
iHeartCommunications, Inc. (Media) | 6.375% | 05/01/2026 | 41,769 | 43,335 | |
iHeartCommunications, Inc. (Media) | 8.375% | 05/01/2027 | 1,025,707 | 1,081,444 | |
iHeartCommunications, Inc. (Media) | (a) | 5.250% | 08/15/2027 | 250,000 | 260,025 |
iHeartCommunications, Inc. (Media) | (a) | 4.750% | 01/15/2028 | 100,000 | 101,412 |
Intelsat Jackson Holdings SA (Acquired 05/15/2018, Cost $259,500) (Diversified Telecom. Svs.) | (b) | 5.500% | 08/01/2023 | 300,000 | 135,846 |
Intelsat Jackson Holdings SA (Acquired 10/02/2018, Cost $50,375) (Diversified Telecom. Svs.) | (a)(b) | 8.500% | 10/15/2024 | 50,000 | 22,914 |
Intelsat Jackson Holdings SA (Acquired 06/19/2017, Cost $250,000) (Diversified Telecom. Svs.) | (a)(b) | 9.750% | 07/15/2025 | 250,000 | 114,768 |
Lamar Media Corp. (Media) | 4.875% | 01/15/2029 | 150,000 | 156,563 | |
Lamar Media Corp. (Media) | 3.625% | 01/15/2031 | 100,000 | 97,380 | |
Match Group Holdings II LLC (Interactive Media & Svs.) | (a) | 5.000% | 12/15/2027 | 450,000 | 468,000 |
Match Group Holdings II LLC (Interactive Media & Svs.) | (a) | 4.625% | 06/01/2028 | 75,000 | 78,030 |
Match Group Holdings II LLC (Interactive Media & Svs.) | (a) | 4.125% | 08/01/2030 | 350,000 | 353,500 |
Match Group Holdings II LLC (Interactive Media & Svs.) | (a) | 3.625% | 10/01/2031 | 150,000 | 145,688 |
Midas OpCo Holdings LLC (Media) | (a) | 5.625% | 08/15/2029 | 650,000 | 665,437 |
Millennium Escrow Corp. (Interactive Media & Svs.) | (a) | 6.625% | 08/01/2026 | 225,000 | 225,563 |
Nexstar Media, Inc. (Media) | (a) | 5.625% | 07/15/2027 | 300,000 | 316,236 |
Nexstar Media, Inc. (Media) | (a) | 4.750% | 11/01/2028 | 750,000 | 764,062 |
Rackspace Technology Global, Inc. (Interactive Media & Svs.) | (a) | 3.500% | 02/15/2028 | 350,000 | 333,189 |
Rackspace Technology Global, Inc. (Interactive Media & Svs.) | (a) | 5.375% | 12/01/2028 | 375,000 | 365,625 |
ROBLOX Corp. (Entertainment) | (a) | 3.875% | 05/01/2030 | 275,000 | 278,946 |
Scripps Escrow II, Inc. (Media) | (a) | 3.875% | 01/15/2029 | 100,000 | 99,875 |
Scripps Escrow II, Inc. (Media) | (a) | 5.375% | 01/15/2031 | 300,000 | 304,875 |
Scripps Escrow, Inc. (Media) | (a) | 5.875% | 07/15/2027 | 350,000 | 367,697 |
Sinclair Television Group, Inc. (Media) | (a) | 5.875% | 03/15/2026 | 650,000 | 659,750 |
Sinclair Television Group, Inc. (Media) | (a) | 5.125% | 02/15/2027 | 125,000 | 121,250 |
Sinclair Television Group, Inc. (Media) | (a) | 5.500% | 03/01/2030 | 275,000 | 266,750 |
Sirius XM Radio, Inc. (Media) | (a) | 3.125% | 09/01/2026 | 225,000 | 225,065 |
Sirius XM Radio, Inc. (Media) | (a) | 5.000% | 08/01/2027 | 75,000 | 77,951 |
Sirius XM Radio, Inc. (Media) | (a) | 4.000% | 07/15/2028 | 175,000 | 175,978 |
Sirius XM Radio, Inc. (Media) | (a) | 4.125% | 07/01/2030 | 475,000 | 475,000 |
Sirius XM Radio, Inc. (Media) | (a) | 3.875% | 09/01/2031 | 600,000 | 588,270 |
Sprint Corp. (Wireless Telecom. Svs.) | 7.625% | 02/15/2025 | 300,000 | 345,000 | |
TEGNA, Inc. (Media) | 4.625% | 03/15/2028 | 300,000 | 303,237 | |
TEGNA, Inc. (Media) | 5.000% | 09/15/2029 | 750,000 | 766,875 | |
Telenet Finance Luxembourg Notes SARL (Media) | (a) | 5.500% | 03/01/2028 | 800,000 | 824,000 |
Terrier Media Buyer, Inc. (Media) | (a) | 8.875% | 12/15/2027 | 1,000,000 | 1,080,770 |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | (a) | 2.250% | 02/15/2026 | 200,000 | 200,500 |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | (a) | 3.375% | 04/15/2029 | 500,000 | 509,470 |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | 2.875% | 02/15/2031 | 150,000 | 148,140 | |
Townsquare Media, Inc. (Media) | (a) | 6.875% | 02/01/2026 | 100,000 | 106,125 |
Ohio National Fund, Inc. | ON Federated High Income Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Communication Services (continued) | |||||
Univision Communications, Inc. (Media) | (a) | 4.500% | 05/01/2029 | $ 275,000 | $ 277,750 |
UPC Broadband Finco B.V. (Media) | (a) | 4.875% | 07/15/2031 | 725,000 | 739,500 |
Urban One, Inc. (Media) | (a) | 7.375% | 02/01/2028 | 400,000 | 412,000 |
Virgin Media Finance PLC (Media) | (a) | 5.000% | 07/15/2030 | 325,000 | 323,375 |
Virgin Media Secured Finance PLC (Media) | (a) | 4.500% | 08/15/2030 | 200,000 | 201,262 |
Virgin Media Vendor Financing Notes IV DAC (Media) | (a) | 5.000% | 07/15/2028 | 575,000 | 579,338 |
Vmed O2 U.K. Financing I PLC (Wireless Telecom. Svs.) | (a) | 4.250% | 01/31/2031 | 200,000 | 196,000 |
Vmed O2 U.K. Financing I PLC (Wireless Telecom. Svs.) | (a) | 4.750% | 07/15/2031 | 400,000 | 405,000 |
WMG Acquisition Corp. (Entertainment) | (a) | 3.750% | 12/01/2029 | 125,000 | 124,688 |
WMG Acquisition Corp. (Entertainment) | (a) | 3.875% | 07/15/2030 | 75,000 | 76,219 |
Ziggo B.V. (Diversified Telecom. Svs.) | (a) | 5.500% | 01/15/2027 | 477,000 | 490,117 |
Ziggo Bond Co. B.V. (Diversified Telecom. Svs.) | (a) | 6.000% | 01/15/2027 | 625,000 | 643,750 |
30,127,323 | |||||
Consumer Discretionary–11.6% | |||||
1011778 B.C. ULC / New Red Finance, Inc. (Hotels, Restaurants & Leisure) | (a) | 4.000% | 10/15/2030 | 1,800,000 | 1,768,500 |
Academy Ltd. (Specialty Retail) | (a) | 6.000% | 11/15/2027 | 175,000 | 186,594 |
Adient Global Holdings Ltd. (Auto Components) | (a) | 4.875% | 08/15/2026 | 775,000 | 790,500 |
Affinity Gaming (Hotels, Restaurants & Leisure) | (a) | 6.875% | 12/15/2027 | 400,000 | 416,000 |
Aramark Services, Inc. (Hotels, Restaurants & Leisure) | (a) | 6.375% | 05/01/2025 | 625,000 | 653,125 |
Aramark Services, Inc. (Hotels, Restaurants & Leisure) | (a) | 5.000% | 02/01/2028 | 100,000 | 103,375 |
Asbury Automotive Group, Inc. (Specialty Retail) | (a) | 4.625% | 11/15/2029 | 300,000 | 305,625 |
Asbury Automotive Group, Inc. (Specialty Retail) | (a) | 5.000% | 02/15/2032 | 200,000 | 207,540 |
Boyd Gaming Corp. (Hotels, Restaurants & Leisure) | (a) | 8.625% | 06/01/2025 | 25,000 | 26,788 |
Boyd Gaming Corp. (Hotels, Restaurants & Leisure) | 4.750% | 12/01/2027 | 275,000 | 280,500 | |
Boyd Gaming Corp. (Hotels, Restaurants & Leisure) | (a) | 4.750% | 06/15/2031 | 200,000 | 204,000 |
Caesars Entertainment, Inc. (Hotels, Restaurants & Leisure) | (a) | 6.250% | 07/01/2025 | 325,000 | 341,128 |
Caesars Entertainment, Inc. (Hotels, Restaurants & Leisure) | (a) | 8.125% | 07/01/2027 | 450,000 | 498,348 |
Caesars Entertainment, Inc. (Hotels, Restaurants & Leisure) | (a) | 4.625% | 10/15/2029 | 275,000 | 275,000 |
Caesars Resort Collection LLC / CRC Finco, Inc. (Hotels, Restaurants & Leisure) | (a) | 5.750% | 07/01/2025 | 50,000 | 52,216 |
CCM Merger, Inc. (Hotels, Restaurants & Leisure) | (a) | 6.375% | 05/01/2026 | 50,000 | 52,063 |
Clarios Global LP / Clarios U.S. Finance Co. (Auto Components) | (a) | 6.250% | 05/15/2026 | 112,000 | 117,180 |
Clarios Global LP / Clarios U.S. Finance Co. (Auto Components) | (a) | 8.500% | 05/15/2027 | 1,250,000 | 1,325,000 |
Dana, Inc. (Auto Components) | 4.250% | 09/01/2030 | 250,000 | 253,437 | |
Dana, Inc. (Auto Components) | 4.500% | 02/15/2032 | 100,000 | 99,750 | |
Dornoch Debt Merger Sub, Inc. (Auto Components) | (a) | 6.625% | 10/15/2029 | 625,000 | 617,187 |
Gap, Inc. / The (Specialty Retail) | (a) | 3.625% | 10/01/2029 | 75,000 | 74,183 |
Gap, Inc. / The (Specialty Retail) | (a) | 3.875% | 10/01/2031 | 175,000 | 172,594 |
Garda World Security Corp. (Diversified Consumer Svs.) | (a) | 9.500% | 11/01/2027 | 1,103,000 | 1,189,238 |
Gates Global LLC / Gates Corp. (Auto Components) | (a) | 6.250% | 01/15/2026 | 950,000 | 980,875 |
Hilton Domestic Operating Co., Inc. (Hotels, Restaurants & Leisure) | (a) | 5.375% | 05/01/2025 | 25,000 | 26,015 |
Hilton Domestic Operating Co., Inc. (Hotels, Restaurants & Leisure) | (a) | 5.750% | 05/01/2028 | 75,000 | 80,132 |
Hilton Domestic Operating Co., Inc. (Hotels, Restaurants & Leisure) | 4.875% | 01/15/2030 | 150,000 | 160,312 | |
Hilton Domestic Operating Co., Inc. (Hotels, Restaurants & Leisure) | (a) | 3.625% | 02/15/2032 | 300,000 | 298,422 |
IHO Verwaltungs GmbH (Auto Components) | (a)(c) | 4.750%, 5.500% PIK | 09/15/2026 | 400,000 | 408,000 |
IHO Verwaltungs GmbH (Auto Components) | (a)(c) | 6.000%, 6.750% PIK | 05/15/2027 | 400,000 | 411,500 |
J.B. Poindexter & Co., Inc. (Auto Components) | (a) | 7.125% | 04/15/2026 | 550,000 | 575,476 |
KFC Holding Co. / Pizza Hut Holdings LLC / Taco Bell of America LLC (Hotels, Restaurants & Leisure) | (a) | 4.750% | 06/01/2027 | 525,000 | 542,719 |
Kontoor Brands, Inc. (Textiles, Apparel & Luxury Goods) | (a) | 4.125% | 11/15/2029 | 100,000 | 100,000 |
MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer, Inc. (Hotels, Restaurants & Leisure) | (a) | 4.625% | 06/15/2025 | 100,000 | 106,609 |
MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer, Inc. (Hotels, Restaurants & Leisure) | (a) | 3.875% | 02/15/2029 | 50,000 | 52,500 |
MGM Resorts International (Hotels, Restaurants & Leisure) | 4.625% | 09/01/2026 | 348,000 | 361,920 | |
MGM Resorts International (Hotels, Restaurants & Leisure) | 4.750% | 10/15/2028 | 75,000 | 77,250 | |
Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp. (Hotels, Restaurants & Leisure) | (a) | 4.875% | 05/01/2029 | 200,000 | 201,000 |
Mohegan Gaming & Entertainment (Hotels, Restaurants & Leisure) | (a) | 7.875% | 10/15/2024 | 100,000 | 104,500 |
Mohegan Gaming & Entertainment (Hotels, Restaurants & Leisure) | (a) | 8.000% | 02/01/2026 | 850,000 | 892,406 |
Penn National Gaming, Inc. (Hotels, Restaurants & Leisure) | (a) | 5.625% | 01/15/2027 | 50,000 | 51,000 |
Penn National Gaming, Inc. (Hotels, Restaurants & Leisure) | (a) | 4.125% | 07/01/2029 | 125,000 | 121,250 |
Raptor Acquisition Corp. / Raptor Co-Issuer LLC (Hotels, Restaurants & Leisure) | (a) | 4.875% | 11/01/2026 | 50,000 | 50,500 |
Real Hero Merger Sub 2, Inc. (Auto Components) | (a) | 6.250% | 02/01/2029 | 975,000 | 973,479 |
Scientific Games International, Inc. (Hotels, Restaurants & Leisure) | (a) | 8.625% | 07/01/2025 | 350,000 | 373,625 |
Scientific Games International, Inc. (Hotels, Restaurants & Leisure) | (a) | 8.250% | 03/15/2026 | 150,000 | 157,875 |
Scientific Games International, Inc. (Hotels, Restaurants & Leisure) | (a) | 7.250% | 11/15/2029 | 250,000 | 278,750 |
SeaWorld Parks & Entertainment, Inc. (Hotels, Restaurants & Leisure) | (a) | 5.250% | 08/15/2029 | 500,000 | 509,127 |
Signal Parent, Inc. (Diversified Consumer Svs.) | (a) | 6.125% | 04/01/2029 | 425,000 | 377,187 |
Six Flags Entertainment Corp. (Hotels, Restaurants & Leisure) | (a) | 5.500% | 04/15/2027 | 500,000 | 517,500 |
Six Flags Theme Parks, Inc. (Hotels, Restaurants & Leisure) | (a) | 7.000% | 07/01/2025 | 50,000 | 53,397 |
Ohio National Fund, Inc. | ON Federated High Income Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Consumer Discretionary (continued) | |||||
Station Casinos LLC (Hotels, Restaurants & Leisure) | (a) | 4.500% | 02/15/2028 | $ 200,000 | $ 201,140 |
Station Casinos LLC (Hotels, Restaurants & Leisure) | (a) | 4.625% | 12/01/2031 | 200,000 | 201,640 |
William Carter Co. / The (Textiles, Apparel & Luxury Goods) | (a) | 5.500% | 05/15/2025 | 75,000 | 77,813 |
William Carter Co. / The (Textiles, Apparel & Luxury Goods) | (a) | 5.625% | 03/15/2027 | 75,000 | 77,531 |
Wyndham Hotels & Resorts, Inc. (Hotels, Restaurants & Leisure) | (a) | 4.375% | 08/15/2028 | 75,000 | 77,250 |
Yum! Brands, Inc. (Hotels, Restaurants & Leisure) | (a) | 4.750% | 01/15/2030 | 75,000 | 81,188 |
Yum! Brands, Inc. (Hotels, Restaurants & Leisure) | 4.625% | 01/31/2032 | 100,000 | 106,262 | |
19,676,021 | |||||
Consumer Staples–3.2% | |||||
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC (Food & Staples Retailing) | (a) | 3.250% | 03/15/2026 | 175,000 | 178,281 |
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC (Food & Staples Retailing) | (a) | 5.875% | 02/15/2028 | 100,000 | 106,000 |
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC (Food & Staples Retailing) | (a) | 3.500% | 03/15/2029 | 425,000 | 425,833 |
Edgewell Personal Care Co. (Personal Products) | (a) | 5.500% | 06/01/2028 | 175,000 | 185,754 |
Edgewell Personal Care Co. (Personal Products) | (a) | 4.125% | 04/01/2029 | 200,000 | 201,500 |
Energizer Holdings, Inc. (Household Products) | (a) | 4.750% | 06/15/2028 | 150,000 | 153,188 |
Energizer Holdings, Inc. (Household Products) | (a) | 4.375% | 03/31/2029 | 425,000 | 414,779 |
Kraft Heinz Foods Co. (Food Products) | 5.200% | 07/15/2045 | 275,000 | 349,655 | |
Kraft Heinz Foods Co. (Food Products) | 4.375% | 06/01/2046 | 500,000 | 585,500 | |
Performance Food Group, Inc. (Food & Staples Retailing) | (a) | 5.500% | 10/15/2027 | 150,000 | 156,562 |
Performance Food Group, Inc. (Food & Staples Retailing) | (a) | 4.250% | 08/01/2029 | 250,000 | 248,015 |
Post Holdings, Inc. (Food Products) | (a) | 5.750% | 03/01/2027 | 650,000 | 671,125 |
Post Holdings, Inc. (Food Products) | (a) | 5.625% | 01/15/2028 | 500,000 | 529,870 |
Post Holdings, Inc. (Food Products) | (a) | 4.625% | 04/15/2030 | 150,000 | 152,775 |
Post Holdings, Inc. (Food Products) | (a) | 4.500% | 09/15/2031 | 350,000 | 347,375 |
U.S. Foods, Inc. (Food & Staples Retailing) | (a) | 6.250% | 04/15/2025 | 100,000 | 104,125 |
U.S. Foods, Inc. (Food & Staples Retailing) | (a) | 4.750% | 02/15/2029 | 350,000 | 355,687 |
U.S. Foods, Inc. (Food & Staples Retailing) | (a) | 4.625% | 06/01/2030 | 325,000 | 328,624 |
5,494,648 | |||||
Energy–14.2% | |||||
Antero Midstream Partners LP / Antero Midstream Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 7.875% | 05/15/2026 | 125,000 | 137,755 |
Antero Midstream Partners LP / Antero Midstream Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 5.750% | 03/01/2027 | 250,000 | 259,062 |
Antero Midstream Partners LP / Antero Midstream Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 5.750% | 01/15/2028 | 625,000 | 655,394 |
Antero Midstream Partners LP / Antero Midstream Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 5.375% | 06/15/2029 | 625,000 | 659,384 |
Antero Resources Corp. (Oil, Gas & Consumable Fuels) | (a) | 8.375% | 07/15/2026 | 16,000 | 18,217 |
Antero Resources Corp. (Oil, Gas & Consumable Fuels) | (a) | 7.625% | 02/01/2029 | 104,000 | 115,440 |
Antero Resources Corp. (Oil, Gas & Consumable Fuels) | (a) | 5.375% | 03/01/2030 | 225,000 | 240,525 |
Apache Corp. (Oil, Gas & Consumable Fuels) | 4.875% | 11/15/2027 | 125,000 | 136,250 | |
Archrock Partners LP / Archrock Partners Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 6.875% | 04/01/2027 | 625,000 | 656,250 |
Archrock Partners LP / Archrock Partners Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 6.250% | 04/01/2028 | 450,000 | 469,224 |
Ascent Resources Utica Holdings LLC / ARU Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 7.000% | 11/01/2026 | 425,000 | 430,844 |
Ascent Resources Utica Holdings LLC / ARU Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 8.250% | 12/31/2028 | 100,000 | 104,250 |
Ascent Resources Utica Holdings LLC / ARU Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 5.875% | 06/30/2029 | 75,000 | 72,164 |
Berry Petroleum Co. LLC (Oil, Gas & Consumable Fuels) | (a) | 7.000% | 02/15/2026 | 175,000 | 173,250 |
Callon Petroleum Co. (Oil, Gas & Consumable Fuels) | 8.250% | 07/15/2025 | 150,000 | 147,600 | |
Callon Petroleum Co. (Oil, Gas & Consumable Fuels) | 6.375% | 07/01/2026 | 125,000 | 118,750 | |
Centennial Resource Production LLC (Oil, Gas & Consumable Fuels) | (a) | 6.875% | 04/01/2027 | 350,000 | 357,000 |
Cheniere Energy Partners LP (Oil, Gas & Consumable Fuels) | 4.500% | 10/01/2029 | 125,000 | 132,500 | |
Cheniere Energy Partners LP (Oil, Gas & Consumable Fuels) | 4.000% | 03/01/2031 | 725,000 | 760,489 | |
Cheniere Energy Partners LP (Oil, Gas & Consumable Fuels) | (a) | 3.250% | 01/31/2032 | 150,000 | 151,500 |
Cheniere Energy, Inc. (Oil, Gas & Consumable Fuels) | 4.625% | 10/15/2028 | 175,000 | 186,151 | |
Chesapeake Energy Corp. (Oil, Gas & Consumable Fuels) | (a) | 5.500% | 02/01/2026 | 50,000 | 52,625 |
Chesapeake Energy Corp. (Oil, Gas & Consumable Fuels) | (a) | 5.875% | 02/01/2029 | 50,000 | 53,488 |
CNX Midstream Partners LP (Oil, Gas & Consumable Fuels) | (a) | 4.750% | 04/15/2030 | 425,000 | 423,406 |
Comstock Resources, Inc. (Oil, Gas & Consumable Fuels) | (a) | 6.750% | 03/01/2029 | 500,000 | 542,300 |
Comstock Resources, Inc. (Oil, Gas & Consumable Fuels) | (a) | 5.875% | 01/15/2030 | 100,000 | 102,500 |
Continental Resources, Inc. (Oil, Gas & Consumable Fuels) | 4.375% | 01/15/2028 | 225,000 | 243,236 | |
CrownRock LP / CrownRock Finance, Inc. (Oil, Gas & Consumable Fuels) | (a) | 5.625% | 10/15/2025 | 600,000 | 613,500 |
CrownRock LP / CrownRock Finance, Inc. (Oil, Gas & Consumable Fuels) | (a) | 5.000% | 05/01/2029 | 50,000 | 51,875 |
DT Midstream, Inc. (Oil, Gas & Consumable Fuels) | (a) | 4.375% | 06/15/2031 | 200,000 | 208,000 |
Endeavor Energy Resources LP / EER Finance, Inc. (Oil, Gas & Consumable Fuels) | (a) | 6.625% | 07/15/2025 | 200,000 | 211,606 |
Endeavor Energy Resources LP / EER Finance, Inc. (Oil, Gas & Consumable Fuels) | (a) | 5.750% | 01/30/2028 | 100,000 | 106,589 |
Enviva Partners LP / Enviva Partners Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 6.500% | 01/15/2026 | 900,000 | 929,250 |
Ohio National Fund, Inc. | ON Federated High Income Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Energy (continued) | |||||
EQM Midstream Partners LP (Oil, Gas & Consumable Fuels) | 4.750% | 07/15/2023 | $ 59,000 | $ 61,360 | |
EQM Midstream Partners LP (Oil, Gas & Consumable Fuels) | (a) | 6.000% | 07/01/2025 | 225,000 | 244,688 |
EQM Midstream Partners LP (Oil, Gas & Consumable Fuels) | (a) | 6.500% | 07/01/2027 | 325,000 | 364,000 |
EQM Midstream Partners LP (Oil, Gas & Consumable Fuels) | 5.500% | 07/15/2028 | 350,000 | 382,377 | |
EQM Midstream Partners LP (Oil, Gas & Consumable Fuels) | (a) | 4.500% | 01/15/2029 | 225,000 | 234,000 |
EQM Midstream Partners LP (Oil, Gas & Consumable Fuels) | (a) | 4.750% | 01/15/2031 | 525,000 | 555,187 |
EQM Midstream Partners LP (Oil, Gas & Consumable Fuels) | 6.500% | 07/15/2048 | 75,000 | 91,125 | |
EQT Corp. (Oil, Gas & Consumable Fuels) | 6.625% | 02/01/2025 | 100,000 | 112,751 | |
EQT Corp. (Oil, Gas & Consumable Fuels) | (a) | 3.125% | 05/15/2026 | 250,000 | 256,632 |
EQT Corp. (Oil, Gas & Consumable Fuels) | 3.900% | 10/01/2027 | 25,000 | 26,813 | |
EQT Corp. (Oil, Gas & Consumable Fuels) | 5.000% | 01/15/2029 | 75,000 | 83,063 | |
EQT Corp. (Oil, Gas & Consumable Fuels) | (a) | 3.625% | 05/15/2031 | 125,000 | 129,688 |
Hess Midstream Operations LP (Oil, Gas & Consumable Fuels) | (a) | 5.125% | 06/15/2028 | 300,000 | 312,375 |
Hess Midstream Operations LP (Oil, Gas & Consumable Fuels) | (a) | 4.250% | 02/15/2030 | 100,000 | 99,250 |
Holly Energy Partners LP / Holly Energy Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 5.000% | 02/01/2028 | 300,000 | 298,875 |
Nabors Industries Ltd. (Energy Equip. & Svs.) | (a) | 7.250% | 01/15/2026 | 225,000 | 208,125 |
Nabors Industries Ltd. (Energy Equip. & Svs.) | (a) | 7.500% | 01/15/2028 | 275,000 | 248,875 |
Nabors Industries, Inc. (Oil, Gas & Consumable Fuels) | (a) | 7.375% | 05/15/2027 | 100,000 | 103,519 |
NuStar Logistics LP (Oil, Gas & Consumable Fuels) | 5.625% | 04/28/2027 | 625,000 | 660,937 | |
Oasis Midstream Partners LP / OMP Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 8.000% | 04/01/2029 | 250,000 | 272,500 |
Oasis Petroleum, Inc. (Oil, Gas & Consumable Fuels) | (a) | 6.375% | 06/01/2026 | 75,000 | 78,563 |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 8.000% | 07/15/2025 | 100,000 | 116,750 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 5.875% | 09/01/2025 | 225,000 | 248,062 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 8.875% | 07/15/2030 | 375,000 | 505,747 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 6.625% | 09/01/2030 | 275,000 | 340,312 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 6.450% | 09/15/2036 | 225,000 | 286,876 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 4.300% | 08/15/2039 | 325,000 | 324,113 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 4.100% | 02/15/2047 | 150,000 | 147,000 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 4.400% | 08/15/2049 | 200,000 | 202,500 | |
PDC Energy, Inc. (Oil, Gas & Consumable Fuels) | 6.125% | 09/15/2024 | 75,000 | 75,938 | |
PDC Energy, Inc. (Oil, Gas & Consumable Fuels) | 5.750% | 05/15/2026 | 250,000 | 258,347 | |
Precision Drilling Corp. (Energy Equip. & Svs.) | (a) | 7.125% | 01/15/2026 | 100,000 | 101,750 |
Precision Drilling Corp. (Energy Equip. & Svs.) | (a) | 6.875% | 01/15/2029 | 175,000 | 178,364 |
Range Resources Corp. (Oil, Gas & Consumable Fuels) | 4.875% | 05/15/2025 | 75,000 | 77,438 | |
Range Resources Corp. (Oil, Gas & Consumable Fuels) | 9.250% | 02/01/2026 | 150,000 | 161,669 | |
Range Resources Corp. (Oil, Gas & Consumable Fuels) | 8.250% | 01/15/2029 | 200,000 | 223,000 | |
Rattler Midstream LP (Oil, Gas & Consumable Fuels) | (a) | 5.625% | 07/15/2025 | 200,000 | 208,000 |
Rockcliff Energy II LLC (Oil, Gas & Consumable Fuels) | (a) | 5.500% | 10/15/2029 | 325,000 | 334,750 |
Shelf Drilling Holdings Ltd. (Oil, Gas & Consumable Fuels) | (a) | 8.250% | 02/15/2025 | 225,000 | 164,250 |
SM Energy Co. (Oil, Gas & Consumable Fuels) | 6.750% | 09/15/2026 | 275,000 | 282,562 | |
SM Energy Co. (Oil, Gas & Consumable Fuels) | 6.625% | 01/15/2027 | 25,000 | 25,750 | |
SM Energy Co. (Oil, Gas & Consumable Fuels) | 6.500% | 07/15/2028 | 50,000 | 51,750 | |
Southwestern Energy Co. (Oil, Gas & Consumable Fuels) | 8.375% | 09/15/2028 | 225,000 | 251,156 | |
Southwestern Energy Co. (Oil, Gas & Consumable Fuels) | 5.375% | 03/15/2030 | 75,000 | 80,361 | |
Southwestern Energy Co. (Oil, Gas & Consumable Fuels) | 4.750% | 02/01/2032 | 75,000 | 78,983 | |
Tap Rock Resources LLC (Oil, Gas & Consumable Fuels) | (a) | 7.000% | 10/01/2026 | 325,000 | 338,000 |
Targa Resources Partners LP / Targa Resources Partners Finance Corp. (Oil, Gas & Consumable Fuels) | 5.875% | 04/15/2026 | 150,000 | 156,520 | |
Targa Resources Partners LP / Targa Resources Partners Finance Corp. (Oil, Gas & Consumable Fuels) | 5.375% | 02/01/2027 | 700,000 | 721,399 | |
Targa Resources Partners LP / Targa Resources Partners Finance Corp. (Oil, Gas & Consumable Fuels) | 6.500% | 07/15/2027 | 25,000 | 26,800 | |
Targa Resources Partners LP / Targa Resources Partners Finance Corp. (Oil, Gas & Consumable Fuels) | 5.000% | 01/15/2028 | 475,000 | 500,506 | |
Targa Resources Partners LP / Targa Resources Partners Finance Corp. (Oil, Gas & Consumable Fuels) | 5.500% | 03/01/2030 | 475,000 | 518,937 | |
Targa Resources Partners LP / Targa Resources Partners Finance Corp. (Oil, Gas & Consumable Fuels) | 4.875% | 02/01/2031 | 75,000 | 81,446 | |
TransMontaigne Partners LP / TLP Finance Corp. (Oil, Gas & Consumable Fuels) | 6.125% | 02/15/2026 | 225,000 | 222,469 | |
U.S.A. Compression Partners LP / U.S.A. Compression Finance Corp. (Energy Equip. & Svs.) | 6.875% | 04/01/2026 | 925,000 | 962,000 | |
U.S.A. Compression Partners LP / U.S.A. Compression Finance Corp. (Energy Equip. & Svs.) | 6.875% | 09/01/2027 | 150,000 | 158,438 | |
Western Midstream Operating LP (Oil, Gas & Consumable Fuels) | 4.000% | 07/01/2022 | 100,000 | 100,250 | |
Western Midstream Operating LP (Oil, Gas & Consumable Fuels) | 4.650% | 07/01/2026 | 50,000 | 54,420 | |
Western Midstream Operating LP (Oil, Gas & Consumable Fuels) | 4.500% | 03/01/2028 | 175,000 | 190,313 | |
Western Midstream Operating LP (Oil, Gas & Consumable Fuels) | 4.750% | 08/15/2028 | 75,000 | 82,875 | |
Western Midstream Operating LP (Oil, Gas & Consumable Fuels) | 5.450% | 04/01/2044 | 175,000 | 209,125 | |
Western Midstream Operating LP (Oil, Gas & Consumable Fuels) | 5.300% | 03/01/2048 | 500,000 | 602,502 | |
Western Midstream Operating LP (Oil, Gas & Consumable Fuels) | 5.500% | 08/15/2048 | 100,000 | 119,452 | |
24,115,957 |
Ohio National Fund, Inc. | ON Federated High Income Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Financials–9.0% | |||||
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer (Insurance) | (a) | 6.750% | 10/15/2027 | $ 375,000 | $ 389,062 |
AmWINS Group, Inc. (Insurance) | (a) | 4.875% | 06/30/2029 | 400,000 | 404,000 |
Ardonagh Midco 2 PLC (Insurance) | (a)(c) | 11.500%, 12.750% PIK | 01/15/2027 | 424,477 | 472,736 |
AssuredPartners, Inc. (Insurance) | (a) | 7.000% | 08/15/2025 | 675,000 | 680,062 |
AssuredPartners, Inc. (Insurance) | (a) | 5.625% | 01/15/2029 | 200,000 | 194,500 |
BroadStreet Partners, Inc. (Insurance) | (a) | 5.875% | 04/15/2029 | 925,000 | 908,812 |
Ford Motor Credit Co. LLC (Consumer Finance) | 3.096% | 05/04/2023 | 400,000 | 407,500 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 4.063% | 11/01/2024 | 375,000 | 394,564 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 5.125% | 06/16/2025 | 400,000 | 435,000 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 3.375% | 11/13/2025 | 575,000 | 597,379 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 4.389% | 01/08/2026 | 225,000 | 242,438 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 2.700% | 08/10/2026 | 200,000 | 201,750 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 4.271% | 01/09/2027 | 450,000 | 483,750 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 4.125% | 08/17/2027 | 300,000 | 323,814 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 5.113% | 05/03/2029 | 525,000 | 596,531 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 4.000% | 11/13/2030 | 275,000 | 295,845 | |
GTCR AP Finance, Inc. (Insurance) | (a) | 8.000% | 05/15/2027 | 275,000 | 285,312 |
HUB International Ltd. (Insurance) | (a) | 7.000% | 05/01/2026 | 2,000,000 | 2,055,001 |
HUB International Ltd. (Insurance) | (a) | 5.625% | 12/01/2029 | 250,000 | 257,555 |
LD Holdings Group LLC (Thrifts & Mortgage Finance) | (a) | 6.125% | 04/01/2028 | 325,000 | 306,312 |
Navient Corp. (Consumer Finance) | 6.750% | 06/25/2025 | 175,000 | 192,500 | |
Navient Corp. (Consumer Finance) | 6.750% | 06/15/2026 | 125,000 | 138,169 | |
Navient Corp. (Consumer Finance) | 5.500% | 03/15/2029 | 275,000 | 274,313 | |
NFP Corp. (Insurance) | (a) | 6.875% | 08/15/2028 | 1,250,000 | 1,253,225 |
Outfront Media Capital LLC / Outfront Media Capital Corp. (Media) | (a) | 4.250% | 01/15/2029 | 100,000 | 100,182 |
Outfront Media Capital LLC / Outfront Media Capital Corp. (Media) | (a) | 4.625% | 03/15/2030 | 225,000 | 224,438 |
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer, Inc. (Thrifts & Mortgage Finance) | (a) | 3.625% | 03/01/2029 | 200,000 | 200,750 |
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer, Inc. (Thrifts & Mortgage Finance) | (a) | 3.875% | 03/01/2031 | 350,000 | 355,250 |
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer, Inc. (Thrifts & Mortgage Finance) | (a) | 4.000% | 10/15/2033 | 450,000 | 455,796 |
United Wholesale Mortgage LLC (Thrifts & Mortgage Finance) | (a) | 5.500% | 11/15/2025 | 700,000 | 713,125 |
United Wholesale Mortgage LLC (Thrifts & Mortgage Finance) | (a) | 5.750% | 06/15/2027 | 175,000 | 175,438 |
United Wholesale Mortgage LLC (Thrifts & Mortgage Finance) | (a) | 5.500% | 04/15/2029 | 225,000 | 220,781 |
USI, Inc. (Insurance) | (a) | 6.875% | 05/01/2025 | 1,050,000 | 1,057,875 |
15,293,765 | |||||
Health Care–12.1% | |||||
Acadia Healthcare Co., Inc. (Health Care Providers & Svs.) | (a) | 5.500% | 07/01/2028 | 25,000 | 26,277 |
Acadia Healthcare Co., Inc. (Health Care Providers & Svs.) | (a) | 5.000% | 04/15/2029 | 25,000 | 25,688 |
AdaptHealth LLC (Health Care Providers & Svs.) | (a) | 4.625% | 08/01/2029 | 250,000 | 250,000 |
AdaptHealth LLC (Health Care Providers & Svs.) | (a) | 5.125% | 03/01/2030 | 325,000 | 330,687 |
AHP Health Partners, Inc. (Health Care Providers & Svs.) | (a) | 5.750% | 07/15/2029 | 350,000 | 346,500 |
Avantor Funding, Inc. (Health Care Equip. & Supplies) | (a) | 4.625% | 07/15/2028 | 600,000 | 625,500 |
Avantor Funding, Inc. (Health Care Equip. & Supplies) | (a) | 3.875% | 11/01/2029 | 300,000 | 303,273 |
Bausch Health Americas, Inc. (Pharmaceuticals) | (a) | 8.500% | 01/31/2027 | 525,000 | 551,250 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 6.125% | 04/15/2025 | 857,000 | 872,906 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 5.500% | 11/01/2025 | 200,000 | 203,250 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 9.000% | 12/15/2025 | 425,000 | 447,601 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 5.750% | 08/15/2027 | 175,000 | 181,650 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 5.000% | 01/30/2028 | 200,000 | 184,000 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 5.000% | 02/15/2029 | 175,000 | 154,438 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 6.250% | 02/15/2029 | 175,000 | 166,292 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 7.250% | 05/30/2029 | 575,000 | 569,250 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 5.250% | 01/30/2030 | 375,000 | 330,000 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 5.250% | 02/15/2031 | 225,000 | 197,719 |
Catalent Pharma Solutions, Inc. (Pharmaceuticals) | (a) | 3.500% | 04/01/2030 | 150,000 | 149,575 |
Centene Corp. (Health Care Providers & Svs.) | 4.250% | 12/15/2027 | 800,000 | 834,000 | |
Centene Corp. (Health Care Providers & Svs.) | 2.450% | 07/15/2028 | 75,000 | 73,875 | |
Centene Corp. (Health Care Providers & Svs.) | 4.625% | 12/15/2029 | 425,000 | 458,345 | |
Centene Corp. (Health Care Providers & Svs.) | 3.375% | 02/15/2030 | 50,000 | 50,920 | |
Centene Corp. (Health Care Providers & Svs.) | 2.625% | 08/01/2031 | 200,000 | 196,000 | |
Charles River Laboratories International, Inc. (Life Sciences Tools & Svs.) | (a) | 3.750% | 03/15/2029 | 100,000 | 101,000 |
Charles River Laboratories International, Inc. (Life Sciences Tools & Svs.) | (a) | 4.000% | 03/15/2031 | 125,000 | 128,076 |
CHS / Community Health Systems, Inc. (Health Care Providers & Svs.) | (a) | 6.625% | 02/15/2025 | 100,000 | 103,500 |
CHS / Community Health Systems, Inc. (Health Care Providers & Svs.) | (a) | 8.000% | 03/15/2026 | 350,000 | 367,937 |
CHS / Community Health Systems, Inc. (Health Care Providers & Svs.) | (a) | 5.625% | 03/15/2027 | 150,000 | 158,749 |
CHS / Community Health Systems, Inc. (Health Care Providers & Svs.) | (a) | 6.000% | 01/15/2029 | 50,000 | 53,313 |
CHS / Community Health Systems, Inc. (Health Care Providers & Svs.) | (a) | 6.875% | 04/15/2029 | 500,000 | 509,375 |
CHS / Community Health Systems, Inc. (Health Care Providers & Svs.) | (a) | 6.125% | 04/01/2030 | 150,000 | 148,398 |
DaVita, Inc. (Health Care Providers & Svs.) | (a) | 4.625% | 06/01/2030 | 350,000 | 358,312 |
Global Medical Response, Inc. (Health Care Providers & Svs.) | (a) | 6.500% | 10/01/2025 | 675,000 | 681,750 |
Grifols Escrow Issuer SA (Biotechnology) | (a) | 4.750% | 10/15/2028 | 200,000 | 204,044 |
Ohio National Fund, Inc. | ON Federated High Income Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Health Care (continued) | |||||
HCA, Inc. (Health Care Providers & Svs.) | 5.375% | 02/01/2025 | $ 900,000 | $ 989,100 | |
HCA, Inc. (Health Care Providers & Svs.) | 5.875% | 02/15/2026 | 100,000 | 112,788 | |
HCA, Inc. (Health Care Providers & Svs.) | 3.500% | 09/01/2030 | 375,000 | 396,328 | |
HealthEquity, Inc. (Health Care Providers & Svs.) | (a) | 4.500% | 10/01/2029 | 375,000 | 371,250 |
IQVIA, Inc. (Life Sciences Tools & Svs.) | (a) | 5.000% | 10/15/2026 | 300,000 | 307,875 |
Jazz Securities DAC (Pharmaceuticals) | (a) | 4.375% | 01/15/2029 | 200,000 | 207,088 |
Legacy LifePoint Health LLC (Health Care Providers & Svs.) | (a) | 6.750% | 04/15/2025 | 250,000 | 260,625 |
Legacy LifePoint Health LLC (Health Care Providers & Svs.) | (a) | 4.375% | 02/15/2027 | 125,000 | 125,938 |
LifePoint Health, Inc. (Health Care Providers & Svs.) | (a) | 5.375% | 01/15/2029 | 25,000 | 24,875 |
Mallinckrodt International Finance SA / 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 | 694,875 |
Mallinckrodt International Finance SA / Mallinckrodt CB LLC (Acquired 05/05/2016 through 09/24/2018, Cost $354,937) (Pharmaceuticals) | (a)(b) | 5.500% | 04/15/2025 | 400,000 | 218,000 |
MEDNAX, Inc. (Health Care Providers & Svs.) | (a) | 6.250% | 01/15/2027 | 325,000 | 340,031 |
Mozart Debt Merger Sub, Inc. (Health Care Equip. & Supplies) | (a) | 3.875% | 04/01/2029 | 325,000 | 323,853 |
Mozart Debt Merger Sub, Inc. (Health Care Equip. & Supplies) | (a) | 5.250% | 10/01/2029 | 675,000 | 684,207 |
MPH Acquisition Holdings LLC (Health Care Providers & Svs.) | (a) | 5.500% | 09/01/2028 | 200,000 | 202,750 |
MPH Acquisition Holdings LLC (Health Care Providers & Svs.) | (a) | 5.750% | 11/01/2028 | 925,000 | 879,675 |
Organon & Co. / Organon Foreign Debt Co-Issuer B.V. (Pharmaceuticals) | (a) | 5.125% | 04/30/2031 | 450,000 | 470,106 |
Prestige Brands, Inc. (Pharmaceuticals) | (a) | 3.750% | 04/01/2031 | 175,000 | 169,750 |
RegionalCare Hospital Partners Holdings, Inc. / LifePoint Health, Inc. (Health Care Providers & Svs.) | (a) | 9.750% | 12/01/2026 | 750,000 | 792,525 |
Syneos Health, Inc. (Life Sciences Tools & Svs.) | (a) | 3.625% | 01/15/2029 | 175,000 | 172,812 |
Team Health Holdings, Inc. (Health Care Providers & Svs.) | (a) | 6.375% | 02/01/2025 | 300,000 | 282,375 |
Teleflex, Inc. (Health Care Equip. & Supplies) | 4.625% | 11/15/2027 | 175,000 | 182,000 | |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | 6.750% | 06/15/2023 | 450,000 | 480,937 | |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | 4.625% | 07/15/2024 | 51,000 | 51,638 | |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | (a) | 4.875% | 01/01/2026 | 300,000 | 308,139 |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | (a) | 6.250% | 02/01/2027 | 125,000 | 129,375 |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | (a) | 5.125% | 11/01/2027 | 425,000 | 442,531 |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | (a) | 6.125% | 10/01/2028 | 300,000 | 316,863 |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | (a) | 4.250% | 06/01/2029 | 150,000 | 152,324 |
Vizient, Inc. (Health Care Providers & Svs.) | (a) | 6.250% | 05/15/2027 | 150,000 | 156,563 |
20,590,646 | |||||
Industrials–10.5% | |||||
Allied Universal Holdco LLC / Allied Universal Finance Corp. (Commercial Svs. & Supplies) | (a) | 6.625% | 07/15/2026 | 200,000 | 209,840 |
Allied Universal Holdco LLC / Allied Universal Finance Corp. (Commercial Svs. & Supplies) | (a) | 9.750% | 07/15/2027 | 1,300,000 | 1,388,952 |
Allied Universal Holdco LLC / Allied Universal Finance Corp. (Commercial Svs. & Supplies) | (a) | 6.000% | 06/01/2029 | 200,000 | 194,500 |
American Airlines, Inc. / AAdvantage Loyalty IP Ltd. (Airlines) | (a) | 5.500% | 04/20/2026 | 450,000 | 467,944 |
American Airlines, Inc. / AAdvantage Loyalty IP Ltd. (Airlines) | (a) | 5.750% | 04/20/2029 | 350,000 | 374,052 |
American Builders & Contractors Supply Co., Inc. (Trading Companies & Distributors) | (a) | 4.000% | 01/15/2028 | 50,000 | 51,162 |
BCPE Empire Holdings, Inc. (Commercial Svs. & Supplies) | (a) | 7.625% | 05/01/2027 | 700,000 | 714,749 |
Brink's Co. / The (Commercial Svs. & Supplies) | (a) | 5.500% | 07/15/2025 | 75,000 | 78,000 |
Clarivate Science Holdings Corp. (Professional Svs.) | (a) | 3.875% | 07/01/2028 | 75,000 | 75,375 |
Clarivate Science Holdings Corp. (Professional Svs.) | (a) | 4.875% | 07/01/2029 | 250,000 | 253,530 |
Cornerstone Building Brands, Inc. (Building Products) | (a) | 6.125% | 01/15/2029 | 200,000 | 213,770 |
CP Atlas Buyer, Inc. (Building Products) | (a) | 7.000% | 12/01/2028 | 825,000 | 820,875 |
Dun & Bradstreet Corp. / The (Professional Svs.) | (a) | 6.875% | 08/15/2026 | 135,000 | 140,400 |
Dun & Bradstreet Corp. / The (Professional Svs.) | (a) | 5.000% | 12/15/2029 | 100,000 | 102,303 |
Foundation Building Materials, Inc. (Trading Companies & Distributors) | (a) | 6.000% | 03/01/2029 | 525,000 | 515,812 |
Garda World Security Corp. (Commercial Svs. & Supplies) | (a) | 4.625% | 02/15/2027 | 175,000 | 174,125 |
Garda World Security Corp. (Commercial Svs. & Supplies) | (a) | 6.000% | 06/01/2029 | 300,000 | 286,500 |
GYP Holdings III Corp. (Building Products) | (a) | 4.625% | 05/01/2029 | 325,000 | 325,813 |
H&E Equipment Services, Inc. (Trading Companies & Distributors) | (a) | 3.875% | 12/15/2028 | 300,000 | 297,750 |
Interface, Inc. (Commercial Svs. & Supplies) | (a) | 5.500% | 12/01/2028 | 125,000 | 130,938 |
KAR Auction Services, Inc. (Commercial Svs. & Supplies) | (a) | 5.125% | 06/01/2025 | 500,000 | 507,500 |
Madison IAQ LLC (Commercial Svs. & Supplies) | (a) | 4.125% | 06/30/2028 | 50,000 | 50,125 |
Madison IAQ LLC (Commercial Svs. & Supplies) | (a) | 5.875% | 06/30/2029 | 700,000 | 700,000 |
Nielsen Co. Luxembourg SARL / The (Professional Svs.) | (a) | 5.000% | 02/01/2025 | 150,000 | 152,393 |
Nielsen Finance LLC / Nielsen Finance Co. (Professional Svs.) | (a) | 5.625% | 10/01/2028 | 100,000 | 103,250 |
Nielsen Finance LLC / Nielsen Finance Co. (Professional Svs.) | (a) | 4.500% | 07/15/2029 | 100,000 | 98,374 |
Nielsen Finance LLC / Nielsen Finance Co. (Professional Svs.) | (a) | 5.875% | 10/01/2030 | 500,000 | 527,920 |
Nielsen Finance LLC / Nielsen Finance Co. (Professional Svs.) | (a) | 4.750% | 07/15/2031 | 175,000 | 172,813 |
Ritchie Bros Holdings, Inc. (Commercial Svs. & Supplies) | (a) | 4.750% | 12/15/2031 | 75,000 | 78,281 |
Sensata Technologies, Inc. (Electrical Equip.) | (a) | 4.375% | 02/15/2030 | 225,000 | 236,250 |
Sensata Technologies, Inc. (Electrical Equip.) | (a) | 3.750% | 02/15/2031 | 25,000 | 24,911 |
Solaris Midstream Holdings LLC (Commercial Svs. & Supplies) | (a) | 7.625% | 04/01/2026 | 400,000 | 421,000 |
Standard Industries, Inc. (Building Products) | (a) | 5.000% | 02/15/2027 | 1,250,000 | 1,286,750 |
Standard Industries, Inc. (Building Products) | (a) | 4.750% | 01/15/2028 | 25,000 | 25,813 |
Stena International SA (Transportation Infrastructure) | (a) | 6.125% | 02/01/2025 | 300,000 | 307,500 |
Ohio National Fund, Inc. | ON Federated High Income Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Industrials (continued) | |||||
Terex Corp. (Machinery) | (a) | 5.000% | 05/15/2029 | $ 150,000 | $ 154,125 |
TK Elevator Holdco GmbH (Building Products) | (a) | 7.625% | 07/15/2028 | 269,000 | 288,166 |
TK Elevator U.S. Newco, Inc. (Building Products) | (a) | 5.250% | 07/15/2027 | 325,000 | 341,656 |
TransDigm U.K. Holdings PLC (Aerospace & Defense) | 6.875% | 05/15/2026 | 275,000 | 287,375 | |
TransDigm, Inc. (Aerospace & Defense) | (a) | 6.250% | 03/15/2026 | 625,000 | 649,609 |
TransDigm, Inc. (Aerospace & Defense) | 6.375% | 06/15/2026 | 850,000 | 873,354 | |
TransDigm, Inc. (Aerospace & Defense) | 5.500% | 11/15/2027 | 150,000 | 154,500 | |
TransDigm, Inc. (Aerospace & Defense) | 4.625% | 01/15/2029 | 125,000 | 124,585 | |
TransDigm, Inc. (Aerospace & Defense) | 4.875% | 05/01/2029 | 425,000 | 426,827 | |
Trident TPI Holdings, Inc. (Machinery) | (a) | 9.250% | 08/01/2024 | 175,000 | 182,875 |
Trident TPI Holdings, Inc. (Machinery) | (a) | 6.625% | 11/01/2025 | 700,000 | 701,750 |
United Rentals North America, Inc. (Trading Companies & Distributors) | 5.500% | 05/15/2027 | 50,000 | 52,000 | |
United Rentals North America, Inc. (Trading Companies & Distributors) | 4.875% | 01/15/2028 | 325,000 | 341,534 | |
United Rentals North America, Inc. (Trading Companies & Distributors) | 5.250% | 01/15/2030 | 100,000 | 108,250 | |
United Rentals North America, Inc. (Trading Companies & Distributors) | 3.875% | 02/15/2031 | 50,000 | 50,750 | |
United Rentals North America, Inc. (Trading Companies & Distributors) | 3.750% | 01/15/2032 | 150,000 | 151,050 | |
Watco Cos. LLC / Watco Finance Corp. (Road & Rail) | (a) | 6.500% | 06/15/2027 | 400,000 | 416,000 |
WESCO Distribution, Inc. (Trading Companies & Distributors) | (a) | 7.125% | 06/15/2025 | 100,000 | 106,000 |
WESCO Distribution, Inc. (Trading Companies & Distributors) | (a) | 7.250% | 06/15/2028 | 225,000 | 246,656 |
White Cap Buyer LLC (Building Products) | (a) | 6.875% | 10/15/2028 | 425,000 | 443,062 |
White Cap Parent LLC (Building Products) | (a)(c) | 8.250%, 9.000% PIK | 03/15/2026 | 325,000 | 332,313 |
17,941,707 | |||||
Information Technology–4.3% | |||||
Black Knight InfoServ LLC (IT Svs.) | (a) | 3.625% | 09/01/2028 | 275,000 | 274,640 |
Booz Allen Hamilton, Inc. (IT Svs.) | (a) | 3.875% | 09/01/2028 | 75,000 | 76,313 |
Booz Allen Hamilton, Inc. (IT Svs.) | (a) | 4.000% | 07/01/2029 | 50,000 | 51,644 |
Boxer Parent Co., Inc. (Software) | (a) | 9.125% | 03/01/2026 | 75,000 | 78,188 |
Diebold Nixdorf, Inc. (Tech. Hardware, Storage & Periph.) | (a) | 9.375% | 07/15/2025 | 50,000 | 53,837 |
Elastic N.V. (Software) | (a) | 4.125% | 07/15/2029 | 350,000 | 346,283 |
Fair Isaac Corp. (Software) | (a) | 4.000% | 06/15/2028 | 125,000 | 128,491 |
Gartner, Inc. (IT Svs.) | (a) | 4.500% | 07/01/2028 | 50,000 | 52,219 |
Gartner, Inc. (IT Svs.) | (a) | 3.750% | 10/01/2030 | 125,000 | 127,800 |
Go Daddy Operating Co. LLC / GD Finance Co., Inc. (IT Svs.) | (a) | 5.250% | 12/01/2027 | 350,000 | 361,812 |
Helios Software Holdings Inc / ION Corporate Solutions Finance SARL (Software) | (a) | 4.625% | 05/01/2028 | 375,000 | 368,437 |
II-VI, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 5.000% | 12/15/2029 | 175,000 | 178,714 |
LogMeIn, Inc. (Software) | (a) | 5.500% | 09/01/2027 | 425,000 | 430,100 |
NCR Corp. (Tech. Hardware, Storage & Periph.) | (a) | 5.000% | 10/01/2028 | 225,000 | 231,750 |
NCR Corp. (Tech. Hardware, Storage & Periph.) | (a) | 5.125% | 04/15/2029 | 250,000 | 258,800 |
NCR Corp. (Tech. Hardware, Storage & Periph.) | (a) | 6.125% | 09/01/2029 | 50,000 | 53,432 |
NCR Corp. (Tech. Hardware, Storage & Periph.) | (a) | 5.250% | 10/01/2030 | 350,000 | 359,625 |
ON Semiconductor Corp. (Semiconductors & Equip.) | (a) | 3.875% | 09/01/2028 | 150,000 | 153,750 |
Open Text Corp. (Software) | (a) | 3.875% | 12/01/2029 | 350,000 | 354,375 |
PTC, Inc. (Software) | (a) | 3.625% | 02/15/2025 | 25,000 | 25,344 |
PTC, Inc. (Software) | (a) | 4.000% | 02/15/2028 | 125,000 | 127,188 |
Rocket Software, Inc. (Software) | (a) | 6.500% | 02/15/2029 | 625,000 | 609,750 |
Science Applications International Corp. (IT Svs.) | (a) | 4.875% | 04/01/2028 | 75,000 | 76,875 |
Seagate HDD Cayman (Tech. Hardware, Storage & Periph.) | 3.125% | 07/15/2029 | 300,000 | 292,948 | |
Seagate HDD Cayman (Tech. Hardware, Storage & Periph.) | 3.375% | 07/15/2031 | 250,000 | 243,280 | |
SS&C Technologies, Inc. (Software) | (a) | 5.500% | 09/30/2027 | 775,000 | 809,875 |
Synaptics, Inc. (Semiconductors & Equip.) | (a) | 4.000% | 06/15/2029 | 125,000 | 126,875 |
TTM Technologies, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 4.000% | 03/01/2029 | 300,000 | 298,125 |
Veritas U.S., Inc. / Veritas Bermuda Ltd. (Software) | (a) | 7.500% | 09/01/2025 | 625,000 | 646,875 |
Viavi Solutions, Inc. (Communications Equip.) | (a) | 3.750% | 10/01/2029 | 75,000 | 74,996 |
7,272,341 | |||||
Materials–9.9% | |||||
ARD Finance SA (Containers & Packaging) | (a)(c) | 6.500%, 7.250% PIK | 06/30/2027 | 1,200,000 | 1,236,000 |
Ardagh Metal Packaging Finance U.S.A. LLC / Ardagh Metal Packaging Finance PLC (Containers & Packaging) | (a) | 4.000% | 09/01/2029 | 325,000 | 321,994 |
Ardagh Packaging Finance PLC / Ardagh Holdings U.S.A., Inc. (Containers & Packaging) | (a) | 5.250% | 08/15/2027 | 275,000 | 276,719 |
Ardagh Packaging Finance PLC / Ardagh Holdings U.S.A., Inc. (Containers & Packaging) | (a) | 5.250% | 08/15/2027 | 200,000 | 201,250 |
Axalta Coating Systems LLC (Chemicals) | (a) | 3.375% | 02/15/2029 | 150,000 | 145,125 |
Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B B.V. (Chemicals) | (a) | 4.750% | 06/15/2027 | 150,000 | 156,375 |
Ball Corp. (Containers & Packaging) | 2.875% | 08/15/2030 | 325,000 | 315,250 | |
Ball Corp. (Containers & Packaging) | 3.125% | 09/15/2031 | 125,000 | 123,438 | |
Berry Global, Inc. (Containers & Packaging) | (a) | 5.625% | 07/15/2027 | 275,000 | 287,719 |
Clearwater Paper Corp. (Paper & Forest Products) | (a) | 5.375% | 02/01/2025 | 575,000 | 621,000 |
Cleveland-Cliffs, Inc. (Metals & Mining) | (a) | 4.625% | 03/01/2029 | 400,000 | 408,000 |
Cleveland-Cliffs, Inc. (Metals & Mining) | (a) | 4.875% | 03/01/2031 | 475,000 | 493,466 |
Coeur Mining, Inc. (Metals & Mining) | (a) | 5.125% | 02/15/2029 | 325,000 | 297,846 |
Ohio National Fund, Inc. | ON Federated High Income Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Materials (continued) | |||||
Compass Minerals International, Inc. (Metals & Mining) | (a) | 4.875% | 07/15/2024 | $ 750,000 | $ 766,875 |
Compass Minerals International, Inc. (Metals & Mining) | (a) | 6.750% | 12/01/2027 | 50,000 | 52,942 |
Crown Americas LLC / Crown Americas Capital Corp. VI (Containers & Packaging) | 4.750% | 02/01/2026 | 275,000 | 281,875 | |
Diamond B.C. B.V. (Chemicals) | (a) | 4.625% | 10/01/2029 | 375,000 | 371,989 |
Element Solutions, Inc. (Chemicals) | (a) | 3.875% | 09/01/2028 | 300,000 | 301,500 |
Flex Acquisition Co., Inc. (Containers & Packaging) | (a) | 6.875% | 01/15/2025 | 1,075,000 | 1,076,999 |
Flex Acquisition Co., Inc. (Containers & Packaging) | (a) | 7.875% | 07/15/2026 | 675,000 | 700,798 |
Freeport-McMoRan, Inc. (Metals & Mining) | 5.000% | 09/01/2027 | 175,000 | 182,000 | |
Freeport-McMoRan, Inc. (Metals & Mining) | 4.125% | 03/01/2028 | 175,000 | 181,563 | |
Freeport-McMoRan, Inc. (Metals & Mining) | 4.375% | 08/01/2028 | 225,000 | 235,969 | |
Freeport-McMoRan, Inc. (Metals & Mining) | 5.250% | 09/01/2029 | 200,000 | 219,000 | |
Freeport-McMoRan, Inc. (Metals & Mining) | 4.625% | 08/01/2030 | 150,000 | 160,875 | |
Freeport-McMoRan, Inc. (Metals & Mining) | 5.400% | 11/14/2034 | 150,000 | 182,625 | |
Graphic Packaging International LLC (Containers & Packaging) | (a) | 4.750% | 07/15/2027 | 150,000 | 162,000 |
Graphic Packaging International LLC (Containers & Packaging) | (a) | 3.500% | 03/15/2028 | 100,000 | 99,750 |
Graphic Packaging International LLC (Containers & Packaging) | (a) | 3.500% | 03/01/2029 | 100,000 | 99,250 |
Graphic Packaging International LLC (Containers & Packaging) | (a) | 3.750% | 02/01/2030 | 25,000 | 25,268 |
H.B. Fuller Co. (Chemicals) | 4.250% | 10/15/2028 | 125,000 | 128,750 | |
Herens Holdco SARL (Chemicals) | (a) | 4.750% | 05/15/2028 | 425,000 | 416,500 |
Hexion, Inc. (Chemicals) | (a) | 7.875% | 07/15/2027 | 525,000 | 553,875 |
Illuminate Buyer LLC / Illuminate Holdings IV, Inc. (Chemicals) | (a) | 9.000% | 07/01/2028 | 150,000 | 159,963 |
Koppers, Inc. (Chemicals) | (a) | 6.000% | 02/15/2025 | 900,000 | 915,741 |
Mauser Packaging Solutions Holding Co. (Containers & Packaging) | (a) | 5.500% | 04/15/2024 | 300,000 | 302,751 |
Mauser Packaging Solutions Holding Co. (Containers & Packaging) | (a) | 7.250% | 04/15/2025 | 225,000 | 225,570 |
OI European Group B.V. (Containers & Packaging) | (a) | 4.750% | 02/15/2030 | 300,000 | 304,044 |
Olympus Water U.S. Holding Corp. (Chemicals) | (a) | 4.250% | 10/01/2028 | 200,000 | 198,876 |
Olympus Water U.S. Holding Corp. (Chemicals) | (a) | 6.250% | 10/01/2029 | 400,000 | 390,000 |
Owens-Brockway Glass Container, Inc. (Containers & Packaging) | (a) | 5.375% | 01/15/2025 | 175,000 | 180,688 |
Owens-Brockway Glass Container, Inc. (Containers & Packaging) | (a) | 6.375% | 08/15/2025 | 475,000 | 511,812 |
Owens-Brockway Glass Container, Inc. (Containers & Packaging) | (a) | 6.625% | 05/13/2027 | 50,000 | 52,750 |
Polar U.S. Borrower LLC / Schenectady International Group, Inc. (Chemicals) | (a) | 6.750% | 05/15/2026 | 375,000 | 368,437 |
Sealed Air Corp. (Containers & Packaging) | (a) | 4.000% | 12/01/2027 | 175,000 | 182,373 |
SPCM SA (Chemicals) | (a) | 3.375% | 03/15/2030 | 200,000 | 192,500 |
SRS Distribution, Inc. (Construction Materials) | (a) | 6.125% | 07/01/2029 | 200,000 | 203,824 |
SRS Distribution, Inc. (Construction Materials) | (a) | 6.000% | 12/01/2029 | 425,000 | 427,125 |
Trivium Packaging Finance B.V. (Containers & Packaging) | (a) | 5.500% | 08/15/2026 | 200,000 | 208,000 |
Trivium Packaging Finance B.V. (Containers & Packaging) | (a) | 8.500% | 08/15/2027 | 475,000 | 502,312 |
W.R. Grace Holdings LLC (Chemicals) | (a) | 4.875% | 06/15/2027 | 125,000 | 128,391 |
W.R. Grace Holdings LLC (Chemicals) | (a) | 5.625% | 08/15/2029 | 250,000 | 255,937 |
16,795,679 | |||||
Real Estate–0.4% | |||||
VICI Properties LP / VICI Note Co., Inc. (Equity REIT) | (a) | 3.500% | 02/15/2025 | 25,000 | 25,375 |
VICI Properties LP / VICI Note Co., Inc. (Equity REIT) | (a) | 4.250% | 12/01/2026 | 225,000 | 234,331 |
VICI Properties LP / VICI Note Co., Inc. (Equity REIT) | (a) | 4.625% | 12/01/2029 | 275,000 | 292,662 |
VICI Properties LP / VICI Note Co., Inc. (Equity REIT) | (a) | 4.125% | 08/15/2030 | 100,000 | 105,750 |
658,118 | |||||
Utilities–2.7% | |||||
AmeriGas Partners LP / AmeriGas Finance Corp. (Gas Utilities) | 5.875% | 08/20/2026 | 425,000 | 475,367 | |
AmeriGas Partners LP / AmeriGas Finance Corp. (Gas Utilities) | 5.750% | 05/20/2027 | 100,000 | 110,625 | |
Calpine Corp. (Ind. Power & Renewable Elec.) | (a) | 5.250% | 06/01/2026 | 50,000 | 51,300 |
Calpine Corp. (Ind. Power & Renewable Elec.) | (a) | 4.500% | 02/15/2028 | 425,000 | 440,937 |
Calpine Corp. (Ind. Power & Renewable Elec.) | (a) | 4.625% | 02/01/2029 | 150,000 | 147,937 |
Calpine Corp. (Ind. Power & Renewable Elec.) | (a) | 5.000% | 02/01/2031 | 100,000 | 100,000 |
Calpine Corp. (Ind. Power & Renewable Elec.) | (a) | 3.750% | 03/01/2031 | 300,000 | 289,125 |
NRG Energy, Inc. (Electric Utilities) | 6.625% | 01/15/2027 | 76,000 | 79,005 | |
NRG Energy, Inc. (Electric Utilities) | (a) | 3.375% | 02/15/2029 | 25,000 | 24,498 |
NRG Energy, Inc. (Electric Utilities) | (a) | 3.625% | 02/15/2031 | 25,000 | 24,375 |
NRG Energy, Inc. (Electric Utilities) | (a) | 3.875% | 02/15/2032 | 775,000 | 759,500 |
Suburban Propane Partners LP / Suburban Energy Finance Corp. (Gas Utilities) | 5.875% | 03/01/2027 | 600,000 | 619,500 | |
Suburban Propane Partners LP / Suburban Energy Finance Corp. (Gas Utilities) | (a) | 5.000% | 06/01/2031 | 125,000 | 126,406 |
TerraForm Power Operating LLC (Ind. Power & Renewable Elec.) | (a) | 5.000% | 01/31/2028 | 750,000 | 794,400 |
Vistra Operations Co. LLC (Ind. Power & Renewable Elec.) | (a) | 5.500% | 09/01/2026 | 225,000 | 232,344 |
Vistra Operations Co. LLC (Ind. Power & Renewable Elec.) | (a) | 5.000% | 07/31/2027 | 375,000 | 389,182 |
4,664,501 | |||||
Total Corporate Bonds (Cost $159,330,112) | $162,630,706 |
Ohio National Fund, Inc. | ON Federated High Income Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks–0.2% | Shares | Value | |
Communication Services–0.1% | |||
iHeartMedia, Inc. Class A (Media) | (d) | 7,387 | $ 155,423 |
Materials–0.1% | |||
Hexion Holdings Corp. Class B (Chemicals) | (d) | 4,302 | 124,564 |
Total Common Stocks (Cost $304,605) | $ 279,987 |
Warrants –0.0% | Expiration | Strike Price | Quantity | Value | |
Energy–0.0% | |||||
Chesapeake Energy Corp. (Oil, Gas & Consumable Fuels) | 02/09/2026 | $ 27.27 | 1,415 | $ 56,543 | |
Total Warrants (Cost $129,396) | $ 56,543 |
Money Market Funds–1.9% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.040% | (e) | 3,266,351 | $ 3,266,678 |
Total Money Market Funds (Cost $3,266,678) | $ 3,266,678 | ||
Total Investments – 97.7% (Cost $163,030,791) | (f) | $166,233,914 | |
Other Assets in Excess of Liabilities – 2.3% | 3,951,957 | ||
Net Assets – 100.0% | $170,185,871 |
Percentages are stated as a percent of net assets. |
Abbreviations: | ||
PIK: | Payment-in-Kind |
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, 2021, the value of these securities totaled $129,091,053, or 75.9% 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, 2021. | |
(f) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 7 of the Notes to Financial Statements. |
Ohio National Fund, Inc. | ON Nasdaq-100® Index Portfolio (Unaudited) |
Average Annual returns | |
One year | 26.99% |
Five years | 28.09% |
Ten years | 22.56% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2021. |
Ohio National Fund, Inc. | ON Nasdaq-100® Index Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2021 (1) | |
% of Net Assets | |
Common Stocks (4) | 99.4 |
Money Market Funds Less Net Liabilities | 0.6 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2021 (1) (2) (3) | ||
% of Net Assets | ||
1. | Apple, Inc. | 11.6 |
2. | Microsoft Corp. | 10.0 |
3. | Amazon.com, Inc. | 6.7 |
4. | Meta Platforms, Inc. Class A | 4.7 |
5. | Tesla, Inc. | 4.2 |
6. | NVIDIA Corp. | 4.1 |
7. | Alphabet, Inc. Class C | 3.7 |
8. | Alphabet, Inc. Class A | 3.5 |
9. | Broadcom, Inc. | 1.8 |
10. | Adobe, Inc. | 1.8 |
(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): |
% of Net Assets | |
Information Technology | 50.7 |
Communication Services | 19.0 |
Consumer Discretionary | 15.4 |
Health Care | 5.6 |
Consumer Staples | 5.1 |
Industrials | 2.7 |
Utilities | 0.9 |
99.4 |
Ohio National Fund, Inc. | ON Nasdaq-100® Index Portfolio |
Schedule of Investments | December 31, 2021 |
Common Stocks–99.4% | Shares | Value | |
Communication Services–19.0% | |||
Activision Blizzard, Inc. (Entertainment) | 18,314 | $ 1,218,430 | |
Alphabet, Inc. Class A (Interactive Media & Svs.) | (a) | 4,261 | 12,344,287 |
Alphabet, Inc. Class C (Interactive Media & Svs.) | (a) | 4,505 | 13,035,623 |
Baidu, Inc. – ADR (Interactive Media & Svs.) | (a) | 5,707 | 849,145 |
Booking Holdings, Inc. (Internet & Direct Marketing Retail) | (a) | 966 | 2,317,656 |
Charter Communications, Inc. Class A (Media) | (a) | 4,216 | 2,748,706 |
Comcast Corp. Class A (Media) | 107,208 | 5,395,779 | |
Electronic Arts, Inc. (Entertainment) | 6,649 | 877,003 | |
Match Group, Inc. (Interactive Media & Svs.) | (a) | 6,656 | 880,256 |
Meta Platforms, Inc. Class A (Interactive Media & Svs.) | (a) | 50,217 | 16,890,488 |
NetEase, Inc. – ADR (Entertainment) | 6,662 | 678,058 | |
Netflix, Inc. (Entertainment) | (a) | 10,415 | 6,274,413 |
Sirius XM Holdings, Inc. (Media) | 94,047 | 597,198 | |
T-Mobile U.S., Inc. (Wireless Telecom. Svs.) | (a) | 29,370 | 3,406,333 |
67,513,375 | |||
Consumer Discretionary–15.4% | |||
Airbnb, Inc. Class A (Hotels, Restaurants & Leisure) | (a) | 8,155 | 1,357,726 |
Amazon.com, Inc. (Internet & Direct Marketing Retail) | (a) | 7,188 | 23,967,236 |
Dollar Tree, Inc. (Multiline Retail) | (a) | 5,289 | 743,210 |
eBay, Inc. (Internet & Direct Marketing Retail) | 14,719 | 978,814 | |
JD.com, Inc. – ADR (Internet & Direct Marketing Retail) | (a) | 17,436 | 1,221,741 |
Lucid Group, Inc. (Automobiles) | (a) | 38,711 | 1,472,954 |
Lululemon Athletica, Inc. (Textiles, Apparel & Luxury Goods) | (a) | 2,930 | 1,146,949 |
Marriott International, Inc. Class A (Hotels, Restaurants & Leisure) | (a) | 7,659 | 1,265,573 |
MercadoLibre, Inc. (Internet & Direct Marketing Retail) | (a) | 1,186 | 1,599,202 |
O'Reilly Automotive, Inc. (Specialty Retail) | (a) | 1,584 | 1,118,668 |
Peloton Interactive, Inc. Class A (Leisure Products) | (a) | 7,140 | 255,326 |
Pinduoduo, Inc. – ADR (Internet & Direct Marketing Retail) | (a) | 9,769 | 569,533 |
Ross Stores, Inc. (Specialty Retail) | 8,355 | 954,809 | |
Starbucks Corp. (Hotels, Restaurants & Leisure) | 27,588 | 3,226,968 | |
Tesla, Inc. (Automobiles) | (a) | 14,233 | 15,041,150 |
54,919,859 | |||
Consumer Staples–5.1% | |||
Costco Wholesale Corp. (Food & Staples Retailing) | 10,389 | 5,897,835 | |
Keurig Dr Pepper, Inc. (Beverages) | 33,338 | 1,228,839 | |
Kraft Heinz Co. / The (Food Products) | 28,777 | 1,033,094 | |
Mondelez International, Inc. Class A (Food Products) | 32,800 | 2,174,968 | |
Monster Beverage Corp. (Beverages) | (a) | 12,442 | 1,194,930 |
PepsiCo, Inc. (Beverages) | 32,512 | 5,647,660 | |
Walgreens Boots Alliance, Inc. (Food & Staples Retailing) | 20,352 | 1,061,560 | |
18,238,886 | |||
Health Care–5.6% | |||
Align Technology, Inc. (Health Care Equip. & Supplies) | (a) | 1,854 | 1,218,412 |
Amgen, Inc. (Biotechnology) | 13,244 | 2,979,502 | |
Biogen, Inc. (Biotechnology) | (a) | 3,454 | 828,684 |
Dexcom, Inc. (Health Care Equip. & Supplies) | (a) | 2,279 | 1,223,709 |
Gilead Sciences, Inc. (Biotechnology) | 29,495 | 2,141,632 | |
IDEXX Laboratories, Inc. (Health Care Equip. & Supplies) | (a) | 1,994 | 1,312,969 |
Illumina, Inc. (Life Sciences Tools & Svs.) | (a) | 3,675 | 1,398,117 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
Intuitive Surgical, Inc. (Health Care Equip. & Supplies) | (a) | 8,400 | $ 3,018,120 |
Moderna, Inc. (Biotechnology) | (a) | 9,533 | 2,421,191 |
Regeneron Pharmaceuticals, Inc. (Biotechnology) | (a) | 2,486 | 1,569,959 |
Seagen, Inc. (Biotechnology) | (a) | 4,299 | 664,625 |
Vertex Pharmaceuticals, Inc. (Biotechnology) | (a) | 5,978 | 1,312,769 |
20,089,689 | |||
Industrials–2.7% | |||
Cintas Corp. (Commercial Svs. & Supplies) | 2,431 | 1,077,346 | |
Copart, Inc. (Commercial Svs. & Supplies) | (a) | 5,577 | 845,585 |
CSX Corp. (Road & Rail) | 52,155 | 1,961,028 | |
Fastenal Co. (Trading Companies & Distributors) | 13,524 | 866,347 | |
Honeywell International, Inc. (Industrial Conglomerates) | 16,186 | 3,374,943 | |
PACCAR, Inc. (Machinery) | 8,161 | 720,290 | |
Verisk Analytics, Inc. (Professional Svs.) | 3,790 | 866,887 | |
9,712,426 | |||
Information Technology–50.7% | |||
Adobe, Inc. (Software) | (a) | 11,188 | 6,344,267 |
Advanced Micro Devices, Inc. (Semiconductors & Equip.) | (a) | 28,394 | 4,085,897 |
Analog Devices, Inc. (Semiconductors & Equip.) | 12,637 | 2,221,205 | |
ANSYS, Inc. (Software) | (a) | 2,052 | 823,098 |
Apple, Inc. (Tech. Hardware, Storage & Periph.) | 232,523 | 41,289,108 | |
Applied Materials, Inc. (Semiconductors & Equip.) | 21,231 | 3,340,910 | |
ASML Holding N.V. (Semiconductors & Equip.) | 1,906 | 1,517,443 | |
Atlassian Corp. PLC Class A (Software) | (a) | 3,302 | 1,259,020 |
Autodesk, Inc. (Software) | (a) | 5,169 | 1,453,471 |
Automatic Data Processing, Inc. (IT Svs.) | 9,909 | 2,443,361 | |
Broadcom, Inc. (Semiconductors & Equip.) | 9,679 | 6,440,503 | |
Cadence Design Systems, Inc. (Software) | (a) | 6,517 | 1,214,443 |
Cisco Systems, Inc. (Communications Equip.) | 99,170 | 6,284,403 | |
Cognizant Technology Solutions Corp. Class A (IT Svs.) | 12,351 | 1,095,781 | |
Crowdstrike Holdings, Inc. Class A (Software) | (a) | 4,840 | 990,990 |
Datadog, Inc. Class A (Software) | (a) | 6,047 | 1,077,031 |
DocuSign, Inc. (Software) | (a) | 4,625 | 704,434 |
Fiserv, Inc. (IT Svs.) | (a) | 15,524 | 1,611,236 |
Fortinet, Inc. (Software) | (a) | 3,844 | 1,381,534 |
Intel Corp. (Semiconductors & Equip.) | 95,629 | 4,924,893 | |
Intuit, Inc. (Software) | 6,658 | 4,282,559 | |
KLA Corp. (Semiconductors & Equip.) | 3,565 | 1,533,342 | |
Lam Research Corp. (Semiconductors & Equip.) | 3,311 | 2,381,106 | |
Marvell Technology, Inc. (Semiconductors & Equip.) | 19,367 | 1,694,419 | |
Microchip Technology, Inc. (Semiconductors & Equip.) | 13,047 | 1,135,872 | |
Micron Technology, Inc. (Semiconductors & Equip.) | 26,302 | 2,450,031 | |
Microsoft Corp. (Software) | 106,409 | 35,787,475 | |
NVIDIA Corp. (Semiconductors & Equip.) | 49,864 | 14,665,501 | |
NXP Semiconductors N.V. (Semiconductors & Equip.) | 6,253 | 1,424,308 | |
Okta, Inc. (IT Svs.) | (a) | 3,471 | 778,094 |
Palo Alto Networks, Inc. (Software) | (a) | 2,320 | 1,291,683 |
Paychex, Inc. (IT Svs.) | 8,480 | 1,157,520 | |
PayPal Holdings, Inc. (IT Svs.) | (a) | 27,626 | 5,209,711 |
QUALCOMM, Inc. (Semiconductors & Equip.) | 26,335 | 4,815,881 | |
Skyworks Solutions, Inc. (Semiconductors & Equip.) | 3,889 | 603,339 | |
Splunk, Inc. (Software) | (a) | 3,787 | 438,232 |
Synopsys, Inc. (Software) | (a) | 3,586 | 1,321,441 |
Ohio National Fund, Inc. | ON Nasdaq-100® Index Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Information Technology (continued) | |||
Texas Instruments, Inc. (Semiconductors & Equip.) | 21,716 | $ 4,092,815 | |
VeriSign, Inc. (IT Svs.) | (a) | 2,612 | 662,978 |
Workday, Inc. Class A (Software) | (a) | 4,539 | 1,239,964 |
Xilinx, Inc. (Semiconductors & Equip.) | 5,828 | 1,235,711 | |
Zoom Video Communications, Inc. Class A (Software) | (a) | 5,696 | 1,047,551 |
Zscaler, Inc. (Software) | (a) | 3,293 | 1,058,140 |
180,810,701 | |||
Utilities–0.9% | |||
American Electric Power Co., Inc. (Electric Utilities) | 11,843 | 1,053,672 | |
Exelon Corp. (Electric Utilities) | 23,005 | 1,328,769 | |
Xcel Energy, Inc. (Electric Utilities) | 12,663 | 857,285 | |
3,239,726 | |||
Total Common Stocks (Cost $182,130,852) | $354,524,662 |
Money Market Funds–0.6% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.040% | (b) | 2,160,961 | $ 2,161,177 |
State Street Institutional U.S. Government Money Market Fund, 0.025% | (b) | 17,000 | 17,000 |
Total Money Market Funds (Cost $2,178,177) | $ 2,178,177 | ||
Total Investments – 100.0% (Cost $184,309,029) | (c) | $356,702,839 | |
Liabilities in Excess of Other Assets – (0.0)% | (d) | (170,085) | |
Net Assets – 100.0% | $356,532,754 |
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, 2021. | |
(c) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 7 of the Notes to Financial Statements. | |
(d) | Includes $119,000 of cash pledged as collateral for the futures contracts outstanding at December 31, 2021. See also the following Schedule of Open Futures Contracts. |
Schedule of Open Futures Contracts | December 31, 2021 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
CME E-mini Nasdaq-100 Index - Long | 7 | March 18, 2022 | $2,311,840 | $2,284,905 | $(26,935) | $(12,018) |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Core Portfolio (Unaudited) |
Average Annual returns | |
One year | 28.49% |
Five years | 15.80% |
Ten years | 16.00% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2021. |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Core Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2021 (1) | |
% of Net Assets | |
Common Stocks (4) | 99.8 |
Money Market Funds Less Net Liabilities | 0.2 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2021 (1) (2) (3) | ||
% of Net Assets | ||
1. | Apple, Inc. | 6.5 |
2. | Microsoft Corp. | 5.2 |
3. | Amazon.com, Inc. | 3.9 |
4. | Alphabet, Inc. Class A | 3.2 |
5. | Johnson & Johnson | 2.2 |
6. | Alphabet, Inc. Class C | 2.0 |
7. | Visa, Inc. | 2.0 |
8. | NVIDIA Corp. | 1.7 |
9. | Tesla, Inc. | 1.7 |
10. | Danaher Corp. | 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): |
% of Net Assets | |
Information Technology | 29.6 |
Health Care | 13.5 |
Consumer Discretionary | 11.6 |
Financials | 11.2 |
Communication Services | 10.1 |
Industrials | 8.2 |
Consumer Staples | 5.7 |
Real Estate | 3.1 |
Energy | 2.6 |
Utilities | 2.2 |
Materials | 2.0 |
99.8 |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Core Portfolio |
Schedule of Investments | December 31, 2021 |
Common Stocks–99.8% | Shares | Value | |
Communication Services–10.1% | |||
Alphabet, Inc. Class A (Interactive Media & Svs.) | (a) | 4,898 | $ 14,189,702 |
Alphabet, Inc. Class C (Interactive Media & Svs.) | (a) | 3,023 | 8,747,323 |
Altice U.S.A., Inc. Class A (Media) | (a) | 3,627 | 58,685 |
AT&T, Inc. (Diversified Telecom. Svs.) | 4,720 | 116,112 | |
Booking Holdings, Inc. (Internet & Direct Marketing Retail) | (a) | 885 | 2,123,319 |
Comcast Corp. Class A (Media) | 84,824 | 4,269,192 | |
Discovery, Inc. Class C (Media) | (a) | 3,476 | 79,600 |
Fox Corp. Class A (Media) | 38,522 | 1,421,462 | |
Fox Corp. Class B (Media) | 1,687 | 57,813 | |
Meta Platforms, Inc. Class A (Interactive Media & Svs.) | (a) | 13,869 | 4,664,838 |
Nexstar Media Group, Inc. Class A (Media) | 457 | 68,998 | |
Roku, Inc. (Entertainment) | (a) | 1,231 | 280,914 |
Sirius XM Holdings, Inc. (Media) | 156,687 | 994,962 | |
Spotify Technology SA (Entertainment) | (a) | 784 | 183,480 |
TEGNA, Inc. (Media) | 10,739 | 199,316 | |
Twitter, Inc. (Interactive Media & Svs.) | (a) | 2,867 | 123,912 |
United States Cellular Corp. (Wireless Telecom. Svs.) | (a) | 5,520 | 173,990 |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 79,075 | 4,108,737 | |
Walt Disney Co. / The (Entertainment) | (a) | 13,168 | 2,039,591 |
Zynga, Inc. Class A (Entertainment) | (a) | 66,339 | 424,570 |
44,326,516 | |||
Consumer Discretionary–11.6% | |||
Advance Auto Parts, Inc. (Specialty Retail) | 448 | 107,466 | |
Amazon.com, Inc. (Internet & Direct Marketing Retail) | (a) | 5,050 | 16,838,417 |
American Eagle Outfitters, Inc. (Specialty Retail) | 5,349 | 135,437 | |
BorgWarner, Inc. (Auto Components) | 69,118 | 3,115,148 | |
D.R. Horton, Inc. (Household Durables) | 17,838 | 1,934,531 | |
Foot Locker, Inc. (Specialty Retail) | 2,222 | 96,946 | |
H&R Block, Inc. (Diversified Consumer Svs.) | 43,234 | 1,018,593 | |
Home Depot, Inc. / The (Specialty Retail) | 7,612 | 3,159,056 | |
Lithia Motors, Inc. (Specialty Retail) | 770 | 228,651 | |
Lowe's Cos., Inc. (Specialty Retail) | 8,060 | 2,083,349 | |
McDonald's Corp. (Hotels, Restaurants & Leisure) | 8,285 | 2,220,960 | |
Nordstrom, Inc. (Multiline Retail) | (a) | 41,082 | 929,275 |
Penske Automotive Group, Inc. (Specialty Retail) | 5,938 | 636,672 | |
Ralph Lauren Corp. (Textiles, Apparel & Luxury Goods) | 4,870 | 578,848 | |
Rivian Automotive, Inc. Class A (Automobiles) | (a) | 6,185 | 641,323 |
Service Corp. International (Diversified Consumer Svs.) | 16,119 | 1,144,288 | |
Target Corp. (Multiline Retail) | 23,508 | 5,440,692 | |
Tesla, Inc. (Automobiles) | (a) | 6,808 | 7,194,558 |
Tractor Supply Co. (Specialty Retail) | 3,037 | 724,628 | |
Travel + Leisure Co. (Hotels, Restaurants & Leisure) | 11,877 | 656,442 | |
Whirlpool Corp. (Household Durables) | 7,002 | 1,643,089 | |
50,528,369 | |||
Consumer Staples–5.7% | |||
Coca-Cola Europacific Partners PLC (Beverages) | 15,688 | 877,430 | |
Colgate-Palmolive Co. (Household Products) | 65,492 | 5,589,087 | |
Costco Wholesale Corp. (Food & Staples Retailing) | 8,668 | 4,920,824 | |
Estee Lauder Cos., Inc. / The Class A (Personal Products) | 9,976 | 3,693,115 | |
Keurig Dr Pepper, Inc. (Beverages) | 64,357 | 2,372,199 |
Common Stocks (Continued) | Shares | Value | |
Consumer Staples (continued) | |||
McCormick & Co., Inc. (Food Products) | 4,788 | $ 462,569 | |
Molson Coors Beverage Co. Class B (Beverages) | 19,749 | 915,366 | |
Procter & Gamble Co. / The (Household Products) | 14,223 | 2,326,598 | |
Walmart, Inc. (Food & Staples Retailing) | 26,240 | 3,796,666 | |
24,953,854 | |||
Energy–2.6% | |||
Devon Energy Corp. (Oil, Gas & Consumable Fuels) | 1,098 | 48,367 | |
EOG Resources, Inc. (Oil, Gas & Consumable Fuels) | 59,739 | 5,306,615 | |
Exxon Mobil Corp. (Oil, Gas & Consumable Fuels) | 19,915 | 1,218,599 | |
Schlumberger N.V. (Energy Equip. & Svs.) | 136,603 | 4,091,260 | |
Williams Cos., Inc. / The (Oil, Gas & Consumable Fuels) | 35,147 | 915,228 | |
11,580,069 | |||
Financials–11.2% | |||
Allstate Corp. / The (Insurance) | 2,439 | 286,948 | |
Ally Financial, Inc. (Consumer Finance) | 63,677 | 3,031,662 | |
American Express Co. (Consumer Finance) | 10,599 | 1,733,996 | |
Apollo Global Management, Inc. (Capital Markets) | (a) | 7,843 | 568,069 |
Bank of America Corp. (Banks) | 49,251 | 2,191,177 | |
Berkshire Hathaway, Inc. Class B (Diversified Financial Svs.) | (a) | 3,642 | 1,088,958 |
Capital One Financial Corp. (Consumer Finance) | 3,294 | 477,926 | |
Citigroup, Inc. (Banks) | 46,452 | 2,805,236 | |
FactSet Research Systems, Inc. (Capital Markets) | 1,546 | 751,371 | |
First Republic Bank (Banks) | 24,296 | 5,017,367 | |
Goldman Sachs Group, Inc. / The (Capital Markets) | 881 | 337,027 | |
Huntington Bancshares, Inc. (Banks) | 10,911 | 168,248 | |
Intercontinental Exchange, Inc. (Capital Markets) | 9,899 | 1,353,886 | |
JPMorgan Chase & Co. (Banks) | 5,186 | 821,203 | |
Marsh & McLennan Cos., Inc. (Insurance) | 27,370 | 4,757,453 | |
MetLife, Inc. (Insurance) | 80,531 | 5,032,382 | |
Moody's Corp. (Capital Markets) | 1,972 | 770,224 | |
Morgan Stanley (Capital Markets) | 7,168 | 703,611 | |
Pinnacle Financial Partners, Inc. (Banks) | 4,581 | 437,486 | |
PNC Financial Services Group, Inc. / The (Banks) | 3,702 | 742,325 | |
Regions Financial Corp. (Banks) | 59,309 | 1,292,936 | |
S&P Global, Inc. (Capital Markets) | 11,720 | 5,531,020 | |
Stifel Financial Corp. (Capital Markets) | 14,331 | 1,009,189 | |
Travelers Cos., Inc. / The (Insurance) | 16,192 | 2,532,915 | |
Voya Financial, Inc. (Diversified Financial Svs.) | 64,892 | 4,302,989 | |
Western Alliance Bancorp (Banks) | 7,232 | 778,525 | |
Willis Towers Watson PLC (Insurance) | 1,154 | 274,063 | |
48,798,192 | |||
Health Care–13.5% | |||
Abbott Laboratories (Health Care Equip. & Supplies) | 13,319 | 1,874,516 | |
AbbVie, Inc. (Biotechnology) | 9,842 | 1,332,607 | |
Agilent Technologies, Inc. (Life Sciences Tools & Svs.) | 32,774 | 5,232,369 | |
Align Technology, Inc. (Health Care Equip. & Supplies) | (a) | 228 | 149,837 |
Amgen, Inc. (Biotechnology) | 13,816 | 3,108,185 | |
Anthem, Inc. (Health Care Providers & Svs.) | 5,909 | 2,739,058 | |
Bristol-Myers Squibb Co. (Pharmaceuticals) | 5,736 | 357,640 |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Core Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
Cigna Corp. (Health Care Providers & Svs.) | 4,278 | $ 982,357 | |
CVS Health Corp. (Health Care Providers & Svs.) | 18,867 | 1,946,320 | |
Danaher Corp. (Life Sciences Tools & Svs.) | 20,506 | 6,746,679 | |
Dexcom, Inc. (Health Care Equip. & Supplies) | (a) | 1,628 | 874,155 |
Eli Lilly & Co. (Pharmaceuticals) | 11,169 | 3,085,101 | |
IDEXX Laboratories, Inc. (Health Care Equip. & Supplies) | (a) | 8,260 | 5,438,879 |
Johnson & Johnson (Pharmaceuticals) | 55,269 | 9,454,868 | |
McKesson Corp. (Health Care Providers & Svs.) | 10,537 | 2,619,182 | |
Medtronic PLC (Health Care Equip. & Supplies) | 6,046 | 625,459 | |
Merck & Co., Inc. (Pharmaceuticals) | 18,091 | 1,386,494 | |
Mettler-Toledo International, Inc. (Life Sciences Tools & Svs.) | (a) | 33 | 56,008 |
Pfizer, Inc. (Pharmaceuticals) | 38,019 | 2,245,022 | |
Regeneron Pharmaceuticals, Inc. (Biotechnology) | (a) | 1,213 | 766,034 |
Thermo Fisher Scientific, Inc. (Life Sciences Tools & Svs.) | 2,080 | 1,387,859 | |
UnitedHealth Group, Inc. (Health Care Providers & Svs.) | 1,454 | 730,111 | |
Zoetis, Inc. (Pharmaceuticals) | 24,831 | 6,059,509 | |
59,198,249 | |||
Industrials–8.2% | |||
Alaska Air Group, Inc. (Airlines) | (a) | 16,841 | 877,416 |
AMETEK, Inc. (Electrical Equip.) | 1,957 | 287,757 | |
Builders FirstSource, Inc. (Building Products) | (a) | 5,538 | 474,662 |
C.H. Robinson Worldwide, Inc. (Air Freight & Logistics) | 25,685 | 2,764,477 | |
Caterpillar, Inc. (Machinery) | 5,173 | 1,069,466 | |
Equifax, Inc. (Professional Svs.) | 5,536 | 1,620,885 | |
Expeditors International of Washington, Inc. (Air Freight & Logistics) | 8,294 | 1,113,801 | |
Fortive Corp. (Machinery) | 11,968 | 913,039 | |
General Electric Co. (Industrial Conglomerates) | 2,642 | 249,590 | |
Honeywell International, Inc. (Industrial Conglomerates) | 16,626 | 3,466,687 | |
IHS Markit Ltd. (Professional Svs.) | 4,270 | 567,568 | |
Illinois Tool Works, Inc. (Machinery) | 22,882 | 5,647,278 | |
Johnson Controls International PLC (Building Products) | 5,377 | 437,204 | |
Landstar System, Inc. (Road & Rail) | 7,666 | 1,372,367 | |
Lockheed Martin Corp. (Aerospace & Defense) | 3,785 | 1,345,227 | |
Masco Corp. (Building Products) | 19,545 | 1,372,450 | |
Old Dominion Freight Line, Inc. (Road & Rail) | 1,217 | 436,148 | |
Otis Worldwide Corp. (Machinery) | 33,139 | 2,885,413 | |
Ryder System, Inc. (Road & Rail) | 22,536 | 1,857,643 | |
SiteOne Landscape Supply, Inc. (Trading Companies & Distributors) | (a) | 8,298 | 2,010,439 |
Trane Technologies PLC (Building Products) | 9,159 | 1,850,393 | |
United Parcel Service, Inc. Class B (Air Freight & Logistics) | 14,375 | 3,081,138 | |
Waste Connections, Inc. (Commercial Svs. & Supplies) | 1,045 | 142,402 | |
35,843,450 | |||
Information Technology–29.6% | |||
Adobe, Inc. (Software) | (a) | 9,238 | 5,238,500 |
Advanced Micro Devices, Inc. (Semiconductors & Equip.) | (a) | 25,265 | 3,635,633 |
Apple, Inc. (Tech. Hardware, Storage & Periph.) | 161,045 | 28,596,761 | |
Applied Materials, Inc. (Semiconductors & Equip.) | 10,884 | 1,712,706 |
Common Stocks (Continued) | Shares | Value | |
Information Technology (continued) | |||
Automatic Data Processing, Inc. (IT Svs.) | 16,290 | $ 4,016,788 | |
Cadence Design Systems, Inc. (Software) | (a) | 2,862 | 533,334 |
Cirrus Logic, Inc. (Semiconductors & Equip.) | (a) | 10,484 | 964,738 |
Dell Technologies, Inc. Class C (Tech. Hardware, Storage & Periph.) | (a) | 85,983 | 4,829,665 |
EPAM Systems, Inc. (IT Svs.) | (a) | 300 | 200,535 |
Fidelity National Information Services, Inc. (IT Svs.) | 33,312 | 3,636,005 | |
Global Payments, Inc. (IT Svs.) | 5,475 | 740,110 | |
HashiCorp, Inc. Class A (Software) | (a) | 4,782 | 435,353 |
Hewlett Packard Enterprise Co. (Tech. Hardware, Storage & Periph.) | 209,050 | 3,296,718 | |
HP, Inc. (Tech. Hardware, Storage & Periph.) | 3,182 | 119,866 | |
Intel Corp. (Semiconductors & Equip.) | 85,966 | 4,427,249 | |
Intuit, Inc. (Software) | 9,028 | 5,806,990 | |
Juniper Networks, Inc. (Communications Equip.) | 19,435 | 694,024 | |
Keysight Technologies, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 10,123 | 2,090,501 |
KLA Corp. (Semiconductors & Equip.) | 524 | 225,378 | |
Lam Research Corp. (Semiconductors & Equip.) | 2,046 | 1,471,381 | |
Mastercard, Inc. Class A (IT Svs.) | 3,566 | 1,281,335 | |
Microsoft Corp. (Software) | 67,916 | 22,841,509 | |
NetApp, Inc. (Tech. Hardware, Storage & Periph.) | 11,489 | 1,056,873 | |
NVIDIA Corp. (Semiconductors & Equip.) | 24,961 | 7,341,280 | |
Okta, Inc. (IT Svs.) | (a) | 542 | 121,500 |
PayPal Holdings, Inc. (IT Svs.) | (a) | 5,900 | 1,112,622 |
QUALCOMM, Inc. (Semiconductors & Equip.) | 8,763 | 1,602,490 | |
salesforce.com, Inc. (Software) | (a) | 3,943 | 1,002,034 |
ServiceNow, Inc. (Software) | (a) | 6,743 | 4,376,949 |
Texas Instruments, Inc. (Semiconductors & Equip.) | 9,051 | 1,705,842 | |
Visa, Inc. (IT Svs.) | 40,211 | 8,714,126 | |
Western Digital Corp. (Tech. Hardware, Storage & Periph.) | (a) | 14,856 | 968,760 |
Workday, Inc. Class A (Software) | (a) | 13,150 | 3,592,317 |
Xilinx, Inc. (Semiconductors & Equip.) | 2,680 | 568,240 | |
Zebra Technologies Corp. Class A (Electronic Equip., Instr. & Comp.) | (a) | 543 | 323,194 |
129,281,306 | |||
Materials–2.0% | |||
Avery Dennison Corp. (Containers & Packaging) | 796 | 172,390 | |
Corteva, Inc. (Chemicals) | 16,116 | 761,964 | |
Ecolab, Inc. (Chemicals) | 22,159 | 5,198,280 | |
Mosaic Co. / The (Chemicals) | 12,428 | 488,296 | |
Vulcan Materials Co. (Construction Materials) | 9,013 | 1,870,919 | |
Westrock Co. (Containers & Packaging) | 10,598 | 470,127 | |
8,961,976 | |||
Real Estate–3.1% | |||
American Homes 4 Rent Class A (Equity REIT) | 6,828 | 297,769 | |
CBRE Group, Inc. Class A (Real Estate Mgmt. & Development) | (a) | 12,985 | 1,409,002 |
Crown Castle International Corp. (Equity REIT) | 1,579 | 329,601 | |
CubeSmart (Equity REIT) | 53,215 | 3,028,466 | |
Extra Space Storage, Inc. (Equity REIT) | 2,784 | 631,216 | |
Life Storage, Inc. (Equity REIT) | 9,838 | 1,506,985 | |
Prologis, Inc. (Equity REIT) | 36,845 | 6,203,224 | |
13,406,263 | |||
Utilities–2.2% | |||
CMS Energy Corp. (Multi-Utilities) | 1,701 | 110,650 | |
Consolidated Edison, Inc. (Multi-Utilities) | 32,422 | 2,766,245 | |
DTE Energy Co. (Multi-Utilities) | 25,779 | 3,081,621 |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Core Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Utilities (continued) | |||
NextEra Energy, Inc. (Electric Utilities) | 14,113 | $ 1,317,590 | |
OGE Energy Corp. (Electric Utilities) | 56,186 | 2,156,419 | |
Sunnova Energy International, Inc. (Ind. Power & Renewable Elec.) | (a) | 7,603 | 212,276 |
9,644,801 | |||
Total Common Stocks (Cost $360,810,120) | $436,523,045 |
Money Market Funds–1.4% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.040% | (b) | 5,951,399 | $ 5,951,994 |
Total Money Market Funds (Cost $5,951,994) | $ 5,951,994 | ||
Total Investments – 101.2% (Cost $366,762,114) | (c) | $442,475,039 | |
Liabilities in Excess of Other Assets – (1.2)% | (d) | (5,220,664) | |
Net Assets – 100.0% | $437,254,375 |
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, 2021. | |
(c) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 7 of the Notes to Financial Statements. | |
(d) | Includes $310,500 of cash pledged as collateral for the futures contracts outstanding at December 31, 2021. See also the following Schedule of Open Futures Contracts. |
Schedule of Open Futures Contracts | December 31, 2021 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
CME E-mini S&P 500 Index - Long | 27 | March 18, 2022 | $6,347,046 | $6,423,975 | $76,929 | $(22,047) |
Ohio National Fund, Inc. | ON BlackRock Advantage Small Cap Growth Portfolio (Unaudited) |
Average Annual returns | |
One year | 4.05% |
Five years | 16.66% |
Ten years | 13.65% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2021. |
Ohio National Fund, Inc. | ON BlackRock Advantage Small Cap Growth Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2021 (1) | |
% of Net Assets | |
Common Stocks (4) | 97.7 |
Rights (4) | 0.0 |
Money Market Funds and Other Net Assets | 2.3 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2021 (1) (2) (3) | ||
% of Net Assets | ||
1. | Lattice Semiconductor Corp. | 1.9 |
2. | EastGroup Properties, Inc. | 1.5 |
3. | Silicon Laboratories, Inc. | 1.5 |
4. | Marcus & Millichap, Inc. | 1.3 |
5. | EMCOR Group, Inc. | 1.2 |
6. | Builders FirstSource, Inc. | 1.2 |
7. | Omnicell, Inc. | 1.1 |
8. | Power Integrations, Inc. | 1.1 |
9. | Werner Enterprises, Inc. | 1.1 |
10. | SiteOne Landscape Supply, Inc. | 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, Rights): |
% of Net Assets | |
Health Care | 24.2 |
Information Technology | 23.2 |
Industrials | 16.0 |
Consumer Discretionary | 15.2 |
Financials | 5.4 |
Real Estate | 3.6 |
Consumer Staples | 2.8 |
Materials | 2.4 |
Communication Services | 2.2 |
Energy | 2.1 |
Utilities | 0.6 |
97.7 |
Ohio National Fund, Inc. | ON BlackRock Advantage Small Cap Growth Portfolio |
Schedule of Investments | December 31, 2021 |
Common Stocks–97.7% | Shares | Value | |
Communication Services–2.2% | |||
AMC Networks, Inc. Class A (Media) | (a) | 3,760 | $ 129,494 |
Bandwidth, Inc. Class A (Diversified Telecom. Svs.) | (a) | 12,048 | 864,564 |
Cardlytics, Inc. (Media) | (a) | 6,221 | 411,146 |
Cargurus, Inc. (Interactive Media & Svs.) | (a) | 3,519 | 118,379 |
Cinemark Holdings, Inc. (Entertainment) | (a) | 25,116 | 404,870 |
Eventbrite, Inc. Class A (Interactive Media & Svs.) | (a) | 9,898 | 172,621 |
EverQuote, Inc. Class A (Interactive Media & Svs.) | (a) | 3,933 | 61,591 |
fuboTV, Inc. (Interactive Media & Svs.) | (a) | 22,799 | 353,840 |
IDT Corp. Class B (Diversified Telecom. Svs.) | (a) | 8,567 | 378,319 |
Iridium Communications, Inc. (Diversified Telecom. Svs.) | (a) | 23,988 | 990,465 |
Magnite, Inc. (Media) | (a) | 9,751 | 170,642 |
Ooma, Inc. (Diversified Telecom. Svs.) | (a) | 7,140 | 145,942 |
Yelp, Inc. (Interactive Media & Svs.) | (a) | 3,270 | 118,505 |
4,320,378 | |||
Consumer Discretionary–15.2% | |||
1-800-Flowers.com, Inc. Class A (Internet & Direct Marketing Retail) | (a) | 18,265 | 426,853 |
2U, Inc. (Diversified Consumer Svs.) | (a) | 27,237 | 546,647 |
Academy Sports & Outdoors, Inc. (Specialty Retail) | (a) | 3,878 | 170,244 |
Accel Entertainment, Inc. (Hotels, Restaurants & Leisure) | (a) | 32,387 | 421,679 |
American Eagle Outfitters, Inc. (Specialty Retail) | 42,127 | 1,066,656 | |
Asbury Automotive Group, Inc. (Specialty Retail) | (a) | 4,503 | 777,803 |
Bloomin' Brands, Inc. (Hotels, Restaurants & Leisure) | (a) | 20,049 | 420,628 |
Boot Barn Holdings, Inc. (Specialty Retail) | (a) | 5,371 | 660,902 |
Brinker International, Inc. (Hotels, Restaurants & Leisure) | (a) | 1,793 | 65,606 |
Camping World Holdings, Inc. Class A (Specialty Retail) | 7,162 | 289,345 | |
Casper Sleep, Inc. (Household Durables) | (a) | 10,911 | 72,885 |
Cheesecake Factory, Inc. / The (Hotels, Restaurants & Leisure) | (a) | 14,168 | 554,677 |
Conn's, Inc. (Specialty Retail) | (a) | 9,612 | 226,074 |
Crocs, Inc. (Textiles, Apparel & Luxury Goods) | (a) | 5,890 | 755,216 |
Dave & Buster's Entertainment, Inc. (Hotels, Restaurants & Leisure) | (a) | 5,214 | 200,218 |
Designer Brands, Inc. Class A (Specialty Retail) | (a) | 7,040 | 100,038 |
Fisker, Inc. (Automobiles) | (a) | 26,048 | 409,735 |
Fox Factory Holding Corp. (Auto Components) | (a) | 5,638 | 959,024 |
GoPro, Inc. Class A (Household Durables) | (a) | 57,623 | 594,093 |
Green Brick Partners, Inc. (Household Durables) | (a) | 5,358 | 162,508 |
Hibbett, Inc. (Specialty Retail) | 3,424 | 246,288 | |
Hilton Grand Vacations, Inc. (Hotels, Restaurants & Leisure) | (a) | 22,169 | 1,155,227 |
Houghton Mifflin Harcourt Co. (Diversified Consumer Svs.) | (a) | 7,202 | 115,952 |
International Game Technology PLC (Hotels, Restaurants & Leisure) | 62,718 | 1,813,177 | |
iRobot Corp. (Household Durables) | (a) | 12,968 | 854,332 |
Kontoor Brands, Inc. (Textiles, Apparel & Luxury Goods) | 3,782 | 193,827 | |
LCI Industries (Auto Components) | 7,138 | 1,112,600 | |
LGI Homes, Inc. (Household Durables) | (a) | 7,093 | 1,095,727 |
M.D.C. Holdings, Inc. (Household Durables) | 28,402 | 1,585,684 | |
Malibu Boats, Inc. Class A (Leisure Products) | (a) | 7,654 | 526,059 |
MarineMax, Inc. (Specialty Retail) | (a) | 9,986 | 589,573 |
Meritage Homes Corp. (Household Durables) | (a) | 2,043 | 249,369 |
Common Stocks (Continued) | Shares | Value | |
Consumer Discretionary (continued) | |||
National Vision Holdings, Inc. (Specialty Retail) | (a) | 17,181 | $ 824,516 |
Overstock.com, Inc. (Internet & Direct Marketing Retail) | (a) | 15,353 | 905,981 |
Papa John's International, Inc. (Hotels, Restaurants & Leisure) | 9,805 | 1,308,673 | |
Patrick Industries, Inc. (Auto Components) | 4,654 | 375,531 | |
RealReal, Inc. / The (Internet & Direct Marketing Retail) | (a) | 25,373 | 294,581 |
Rent-A-Center, Inc. (Specialty Retail) | 5,403 | 259,560 | |
Revolve Group, Inc. (Internet & Direct Marketing Retail) | (a) | 2,477 | 138,811 |
Rush Street Interactive, Inc. (Hotels, Restaurants & Leisure) | (a) | 10,070 | 166,155 |
Shake Shack, Inc. Class A (Hotels, Restaurants & Leisure) | (a) | 12,882 | 929,565 |
Shutterstock, Inc. (Internet & Direct Marketing Retail) | 5,226 | 579,459 | |
Signet Jewelers Ltd. (Specialty Retail) | 8,525 | 741,931 | |
Sleep Number Corp. (Specialty Retail) | (a) | 2,639 | 202,147 |
Sonic Automotive, Inc. Class A (Specialty Retail) | 11,479 | 567,637 | |
Sonos, Inc. (Household Durables) | (a) | 36,453 | 1,086,299 |
Steven Madden Ltd. (Textiles, Apparel & Luxury Goods) | 7,155 | 332,493 | |
Stitch Fix, Inc. Class A (Internet & Direct Marketing Retail) | (a) | 14,615 | 276,516 |
Sweetgreen, Inc. Class A (Hotels, Restaurants & Leisure) | (a) | 1,346 | 43,072 |
Texas Roadhouse, Inc. (Hotels, Restaurants & Leisure) | 2,330 | 208,022 | |
Universal Electronics, Inc. (Household Durables) | (a) | 2,066 | 84,190 |
Urban Outfitters, Inc. (Specialty Retail) | (a) | 27,956 | 820,788 |
Wingstop, Inc. (Hotels, Restaurants & Leisure) | 4,987 | 861,754 | |
Winnebago Industries, Inc. (Automobiles) | 1,872 | 140,250 | |
XPEL, Inc. (Auto Components) | (a) | 4,704 | 321,189 |
29,887,766 | |||
Consumer Staples–2.8% | |||
Andersons, Inc. / The (Food & Staples Retailing) | 16,464 | 637,321 | |
BJ's Wholesale Club Holdings, Inc. (Food & Staples Retailing) | (a) | 11,016 | 737,742 |
Central Garden & Pet Co. Class A (Household Products) | (a) | 9,778 | 467,877 |
Hostess Brands, Inc. (Food Products) | (a) | 17,404 | 355,390 |
Medifast, Inc. (Personal Products) | 4,730 | 990,604 | |
Mission Produce, Inc. (Food Products) | (a) | 5,482 | 86,067 |
Nu Skin Enterprises, Inc. Class A (Personal Products) | 2,007 | 101,855 | |
Performance Food Group Co. (Food & Staples Retailing) | (a) | 32,012 | 1,469,031 |
Sprouts Farmers Market, Inc. (Food & Staples Retailing) | (a) | 8,203 | 243,465 |
Vital Farms, Inc. (Food Products) | (a) | 20,905 | 377,544 |
5,466,896 | |||
Energy–2.1% | |||
Antero Resources Corp. (Oil, Gas & Consumable Fuels) | (a) | 22,917 | 401,047 |
Callon Petroleum Co. (Oil, Gas & Consumable Fuels) | (a) | 4,778 | 225,761 |
Centennial Resource Development, Inc. Class A (Oil, Gas & Consumable Fuels) | (a) | 23,038 | 137,767 |
ChampionX Corp. (Energy Equip. & Svs.) | (a) | 26,966 | 544,983 |
Chesapeake Energy Corp. (Oil, Gas & Consumable Fuels) | 3,137 | 202,399 |
Ohio National Fund, Inc. | ON BlackRock Advantage Small Cap Growth Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Energy (continued) | |||
Clean Energy Fuels Corp. (Oil, Gas & Consumable Fuels) | (a) | 18,647 | $ 114,306 |
Delek U.S. Holdings, Inc. (Oil, Gas & Consumable Fuels) | (a) | 12,341 | 184,992 |
Evolution Petroleum Corp. (Oil, Gas & Consumable Fuels) | 29,781 | 150,394 | |
Kosmos Energy Ltd. (Oil, Gas & Consumable Fuels) | (a) | 33,186 | 114,824 |
Matador Resources Co. (Oil, Gas & Consumable Fuels) | 7,420 | 273,946 | |
Oceaneering International, Inc. (Energy Equip. & Svs.) | (a) | 23,855 | 269,800 |
Ovintiv, Inc. (Oil, Gas & Consumable Fuels) | 15,180 | 511,566 | |
ProPetro Holding Corp. (Energy Equip. & Svs.) | (a) | 15,350 | 124,335 |
Smart Sand, Inc. (Energy Equip. & Svs.) | (a) | 47,289 | 84,174 |
Southwestern Energy Co. (Oil, Gas & Consumable Fuels) | (a) | 90,988 | 424,004 |
Tellurian, Inc. (Oil, Gas & Consumable Fuels) | (a) | 38,977 | 120,049 |
Vertex Energy, Inc. (Oil, Gas & Consumable Fuels) | (a) | 13,558 | 61,418 |
W&T Offshore, Inc. (Oil, Gas & Consumable Fuels) | (a) | 74,525 | 240,716 |
4,186,481 | |||
Financials–5.4% | |||
Artisan Partners Asset Management, Inc. Class A (Capital Markets) | 14,639 | 697,402 | |
BankFinancial Corp. (Banks) | 5,622 | 59,987 | |
Cohen & Steers, Inc. (Capital Markets) | 6,316 | 584,293 | |
Essent Group Ltd. (Thrifts & Mortgage Finance) | 9,196 | 418,694 | |
Federal Agricultural Mortgage Corp. Class C (Thrifts & Mortgage Finance) | 4,941 | 612,338 | |
First Financial Bankshares, Inc. (Banks) | 18,320 | 931,389 | |
First Interstate BancSystem, Inc. Class A (Banks) | 6,961 | 283,104 | |
First Savings Financial Group, Inc. (Banks) | 6,615 | 174,636 | |
Hamilton Lane, Inc. Class A (Capital Markets) | 10,874 | 1,126,764 | |
Houlihan Lokey, Inc. (Capital Markets) | 5,207 | 539,029 | |
LendingTree, Inc. (Consumer Finance) | (a) | 3,863 | 473,604 |
Moelis & Co. Class A (Capital Markets) | 2,296 | 143,523 | |
Open Lending Corp. Class A (Capital Markets) | (a) | 3,241 | 72,858 |
PROG Holdings, Inc. (Consumer Finance) | (a) | 8,761 | 395,209 |
Radian Group, Inc. (Thrifts & Mortgage Finance) | 6,647 | 140,451 | |
Republic First Bancorp, Inc. (Banks) | (a) | 76,253 | 283,661 |
RLI Corp. (Insurance) | 2,688 | 301,325 | |
Selectquote, Inc. (Insurance) | (a) | 8,673 | 78,577 |
Silvergate Capital Corp. Class A (Banks) | (a) | 1,156 | 171,319 |
SouthState Corp. (Banks) | 4,785 | 383,326 | |
Stifel Financial Corp. (Capital Markets) | 14,393 | 1,013,555 | |
Trupanion, Inc. (Insurance) | (a) | 9,944 | 1,312,906 |
Virtus Investment Partners, Inc. (Capital Markets) | 568 | 168,753 | |
Walker & Dunlop, Inc. (Thrifts & Mortgage Finance) | 1,132 | 170,796 | |
�� | 10,537,499 | ||
Health Care–24.2% | |||
1Life Healthcare, Inc. (Health Care Providers & Svs.) | (a) | 25,769 | 452,761 |
ACADIA Pharmaceuticals, Inc. (Biotechnology) | (a) | 12,690 | 296,185 |
Accolade, Inc. (Health Care Providers & Svs.) | (a) | 5,842 | 153,995 |
Accuray, Inc. (Health Care Equip. & Supplies) | (a) | 41,890 | 199,815 |
Aclaris Therapeutics, Inc. (Pharmaceuticals) | (a) | 7,879 | 114,561 |
Agenus, Inc. (Biotechnology) | (a) | 65,236 | 210,060 |
Alector, Inc. (Biotechnology) | (a) | 11,265 | 232,622 |
Alkermes PLC (Biotechnology) | (a) | 19,720 | 458,687 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
Allogene Therapeutics, Inc. (Biotechnology) | (a) | 18,877 | $ 281,645 |
Allscripts Healthcare Solutions, Inc. (Health Care Technology) | (a) | 14,159 | 261,234 |
ALX Oncology Holdings, Inc. (Biotechnology) | (a) | 1,291 | 27,744 |
Amarin Corp. PLC – ADR (Biotechnology) | (a) | 17,101 | 57,630 |
Amicus Therapeutics, Inc. (Biotechnology) | (a) | 34,993 | 404,169 |
AMN Healthcare Services, Inc. (Health Care Providers & Svs.) | (a) | 3,054 | 373,596 |
Amphastar Pharmaceuticals, Inc. (Pharmaceuticals) | (a) | 31,645 | 737,012 |
Apellis Pharmaceuticals, Inc. (Biotechnology) | (a) | 4,777 | 225,857 |
Applied Molecular Transport, Inc. (Biotechnology) | (a) | 2,404 | 33,608 |
Aptinyx, Inc. (Biotechnology) | (a) | 28,141 | 75,136 |
Arcutis Biotherapeutics, Inc. (Biotechnology) | (a) | 5,941 | 123,216 |
Arrowhead Pharmaceuticals, Inc. (Biotechnology) | (a) | 8,746 | 579,860 |
Arvinas, Inc. (Pharmaceuticals) | (a) | 3,865 | 317,471 |
Atara Biotherapeutics, Inc. (Biotechnology) | (a) | 26,563 | 418,633 |
Atea Pharmaceuticals, Inc. (Pharmaceuticals) | (a) | 10,328 | 92,332 |
Athenex, Inc. (Biotechnology) | (a) | 11,735 | 15,960 |
Athersys, Inc. (Biotechnology) | (a) | 60,257 | 54,388 |
AtriCure, Inc. (Health Care Equip. & Supplies) | (a) | 7,974 | 554,432 |
Atrion Corp. (Health Care Equip. & Supplies) | 585 | 412,366 | |
Avidity Biosciences, Inc. (Biotechnology) | (a) | 5,306 | 126,124 |
Avrobio, Inc. (Biotechnology) | (a) | 9,661 | 37,195 |
Axonics, Inc. (Health Care Equip. & Supplies) | (a) | 6,527 | 365,512 |
Beam Therapeutics, Inc. (Biotechnology) | (a) | 4,803 | 382,751 |
Berkeley Lights, Inc. (Life Sciences Tools & Svs.) | (a) | 19,349 | 351,765 |
Beyondspring, Inc. (Biotechnology) | (a) | 8,867 | 40,167 |
BioCryst Pharmaceuticals, Inc. (Biotechnology) | (a) | 15,541 | 215,243 |
BioDelivery Sciences International, Inc. (Pharmaceuticals) | (a) | 18,702 | 57,976 |
Biohaven Pharmaceutical Holding Co. Ltd. (Biotechnology) | (a) | 2,576 | 354,999 |
Bionano Genomics, Inc. (Life Sciences Tools & Svs.) | (a) | 24,308 | 72,681 |
Blueprint Medicines Corp. (Biotechnology) | (a) | 3,977 | 425,976 |
Bridgebio Pharma, Inc. (Biotechnology) | (a) | 17,777 | 296,520 |
C4 Therapeutics, Inc. (Biotechnology) | (a) | 6,485 | 208,817 |
Cardiovascular Systems, Inc. (Health Care Equip. & Supplies) | (a) | 15,260 | 286,583 |
CareDx, Inc. (Biotechnology) | (a) | 4,195 | 190,789 |
Cassava Sciences, Inc. (Pharmaceuticals) | (a) | 5,788 | 252,936 |
Castlight Health, Inc. Class B (Health Care Technology) | (a) | 30,696 | 47,272 |
Cerus Corp. (Health Care Equip. & Supplies) | (a) | 42,400 | 288,744 |
Codexis, Inc. (Life Sciences Tools & Svs.) | (a) | 17,805 | 556,762 |
Coherus Biosciences, Inc. (Biotechnology) | (a) | 29,534 | 471,363 |
Collegium Pharmaceutical, Inc. (Pharmaceuticals) | (a) | 15,250 | 284,870 |
Community Health Systems, Inc. (Health Care Providers & Svs.) | (a) | 7,252 | 96,524 |
Corcept Therapeutics, Inc. (Pharmaceuticals) | (a) | 4,947 | 97,951 |
Crinetics Pharmaceuticals, Inc. (Biotechnology) | (a) | 2,601 | 73,894 |
Cue Biopharma, Inc. (Biotechnology) | (a) | 9,963 | 112,682 |
Cytokinetics, Inc. (Biotechnology) | (a) | 3,206 | 146,129 |
Deciphera Pharmaceuticals, Inc. (Biotechnology) | (a) | 9,562 | 93,421 |
Denali Therapeutics, Inc. (Biotechnology) | (a) | 19,937 | 889,190 |
Doximity, Inc. Class A (Health Care Technology) | (a) | 2,686 | 134,649 |
Dynavax Technologies Corp. (Biotechnology) | (a) | 15,421 | 216,973 |
Editas Medicine, Inc. (Biotechnology) | (a) | 9,873 | 262,128 |
Enanta Pharmaceuticals, Inc. (Biotechnology) | (a) | 3,463 | 258,963 |
Ohio National Fund, Inc. | ON BlackRock Advantage Small Cap Growth Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
Ensign Group, Inc. / The (Health Care Providers & Svs.) | 3,366 | $ 282,609 | |
Fate Therapeutics, Inc. (Biotechnology) | (a) | 15,656 | 916,033 |
Foghorn Therapeutics, Inc. (Biotechnology) | (a) | 8,256 | 188,815 |
Frequency Therapeutics, Inc. (Biotechnology) | (a) | 11,635 | 59,688 |
Fulgent Genetics, Inc. (Health Care Providers & Svs.) | (a) | 2,655 | 267,066 |
Glaukos Corp. (Health Care Equip. & Supplies) | (a) | 2,764 | 122,832 |
Globus Medical, Inc. Class A (Health Care Equip. & Supplies) | (a) | 1,270 | 91,694 |
Haemonetics Corp. (Health Care Equip. & Supplies) | (a) | 17,870 | 947,825 |
Halozyme Therapeutics, Inc. (Biotechnology) | (a) | 29,132 | 1,171,398 |
Hanger, Inc. (Health Care Providers & Svs.) | (a) | 15,100 | 273,763 |
Harmony Biosciences Holdings, Inc. (Pharmaceuticals) | (a) | 5,031 | 214,522 |
Harpoon Therapeutics, Inc. (Biotechnology) | (a) | 9,978 | 75,334 |
HealthEquity, Inc. (Health Care Providers & Svs.) | (a) | 5,215 | 230,712 |
Heron Therapeutics, Inc. (Biotechnology) | (a) | 34,692 | 316,738 |
Heska Corp. (Health Care Equip. & Supplies) | (a) | 3,015 | 550,207 |
Insmed, Inc. (Biotechnology) | (a) | 22,842 | 622,216 |
Inspire Medical Systems, Inc. (Health Care Technology) | (a) | 4,369 | 1,005,132 |
Integer Holdings Corp. (Health Care Equip. & Supplies) | (a) | 4,713 | 403,386 |
Intellia Therapeutics, Inc. (Biotechnology) | (a) | 8,046 | 951,359 |
Intercept Pharmaceuticals, Inc. (Biotechnology) | (a) | 6,783 | 110,495 |
Intersect ENT, Inc. (Health Care Equip. & Supplies) | (a) | 4,299 | 117,406 |
Invitae Corp. (Biotechnology) | (a) | 17,449 | 266,446 |
Ironwood Pharmaceuticals, Inc. (Biotechnology) | (a) | 37,310 | 435,035 |
Karuna Therapeutics, Inc. (Biotechnology) | (a) | 607 | 79,517 |
Karyopharm Therapeutics, Inc. (Biotechnology) | (a) | 49,566 | 318,709 |
Kiniksa Pharmaceuticals Ltd. Class A (Biotechnology) | (a) | 17,844 | 210,024 |
Kodiak Sciences, Inc. (Biotechnology) | (a) | 2,609 | 221,191 |
Kymera Therapeutics, Inc. (Biotechnology) | (a) | 1,184 | 75,172 |
LeMaitre Vascular, Inc. (Health Care Equip. & Supplies) | 2,251 | 113,068 | |
LHC Group, Inc. (Health Care Providers & Svs.) | (a) | 9,214 | 1,264,437 |
MacroGenics, Inc. (Biotechnology) | (a) | 3,552 | 57,010 |
MannKind Corp. (Biotechnology) | (a) | 38,144 | 166,689 |
Medpace Holdings, Inc. (Life Sciences Tools & Svs.) | (a) | 5,530 | 1,203,549 |
Merit Medical Systems, Inc. (Health Care Equip. & Supplies) | (a) | 7,911 | 492,855 |
Mirum Pharmaceuticals, Inc. (Biotechnology) | (a) | 7,949 | 126,787 |
NanoString Technologies, Inc. (Life Sciences Tools & Svs.) | (a) | 9,290 | 392,317 |
Natera, Inc. (Biotechnology) | (a) | 1,715 | 160,164 |
Neogen Corp. (Health Care Equip. & Supplies) | (a) | 9,757 | 443,065 |
NeoGenomics, Inc. (Life Sciences Tools & Svs.) | (a) | 20,555 | 701,337 |
Neoleukin Therapeutics, Inc. (Biotechnology) | (a) | 9,004 | 43,399 |
NextCure, Inc. (Biotechnology) | (a) | 8,883 | 53,298 |
Ocugen, Inc. (Biotechnology) | (a) | 25,833 | 117,540 |
Omnicell, Inc. (Health Care Technology) | (a) | 12,095 | 2,182,422 |
OraSure Technologies, Inc. (Health Care Equip. & Supplies) | (a) | 10,341 | 89,863 |
Ortho Clinical Diagnostics Holdings PLC (Health Care Equip. & Supplies) | (a) | 24,052 | 514,472 |
Oyster Point Pharma, Inc. (Biotechnology) | (a) | 9,003 | 164,395 |
Pacific Biosciences of California, Inc. (Life Sciences Tools & Svs.) | (a) | 16,646 | 340,577 |
Passage Bio, Inc. (Biotechnology) | (a) | 8,622 | 54,750 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
Patterson Cos., Inc. (Health Care Providers & Svs.) | 10,380 | $ 304,653 | |
Personalis, Inc. (Life Sciences Tools & Svs.) | (a) | 22,434 | 320,133 |
PetIQ, Inc. (Health Care Providers & Svs.) | (a) | 12,126 | 275,381 |
Phreesia, Inc. (Health Care Technology) | (a) | 11,187 | 466,050 |
Poseida Therapeutics, Inc. (Biotechnology) | (a) | 3,813 | 25,967 |
Precision BioSciences, Inc. (Biotechnology) | (a) | 17,540 | 129,796 |
Progyny, Inc. (Health Care Providers & Svs.) | (a) | 18,138 | 913,248 |
PTC Therapeutics, Inc. (Biotechnology) | (a) | 13,616 | 542,325 |
Puma Biotechnology, Inc. (Biotechnology) | (a) | 19,032 | 57,857 |
R1 RCM, Inc. (Health Care Providers & Svs.) | (a) | 15,862 | 404,322 |
Recursion Pharmaceuticals, Inc. Class A (Biotechnology) | (a) | 7,184 | 123,062 |
REGENXBIO, Inc. (Biotechnology) | (a) | 7,468 | 244,204 |
Relay Therapeutics, Inc. (Biotechnology) | (a) | 14,951 | 459,145 |
Relmada Therapeutics, Inc. (Pharmaceuticals) | (a) | 5,208 | 117,336 |
Repligen Corp. (Life Sciences Tools & Svs.) | (a) | 1,218 | 322,575 |
Revance Therapeutics, Inc. (Pharmaceuticals) | (a) | 8,096 | 132,127 |
REVOLUTION Medicines, Inc. (Biotechnology) | (a) | 7,851 | 197,610 |
Rigel Pharmaceuticals, Inc. (Biotechnology) | (a) | 88,669 | 234,973 |
Rocket Pharmaceuticals, Inc. (Biotechnology) | (a) | 2,755 | 60,142 |
Sangamo Therapeutics, Inc. (Biotechnology) | (a) | 18,515 | 138,862 |
Schrodinger, Inc. (Health Care Technology) | (a) | 1,050 | 36,571 |
Seer, Inc. (Life Sciences Tools & Svs.) | (a) | 2,905 | 66,263 |
Select Medical Holdings Corp. (Health Care Providers & Svs.) | 19,186 | 564,068 | |
Seres Therapeutics, Inc. (Biotechnology) | (a) | 16,907 | 140,835 |
Shockwave Medical, Inc. (Health Care Equip. & Supplies) | (a) | 8,350 | 1,489,055 |
Silk Road Medical, Inc. (Health Care Equip. & Supplies) | (a) | 4,376 | 186,461 |
Sorrento Therapeutics, Inc. (Biotechnology) | (a) | 45,196 | 210,161 |
STAAR Surgical Co. (Health Care Equip. & Supplies) | (a) | 8,570 | 782,441 |
Surgery Partners, Inc. (Health Care Providers & Svs.) | (a) | 2,597 | 138,706 |
Sutro Biopharma, Inc. (Biotechnology) | (a) | 13,219 | 196,699 |
Tactile Systems Technology, Inc. (Health Care Equip. & Supplies) | (a) | 6,291 | 119,718 |
Teladoc Health, Inc. (Health Care Technology) | (a) | 1,340 | 123,039 |
TG Therapeutics, Inc. (Biotechnology) | (a) | 15,198 | 288,762 |
Theravance Biopharma, Inc. (Pharmaceuticals) | (a) | 18,256 | 201,729 |
Tivity Health, Inc. (Health Care Providers & Svs.) | (a) | 4,013 | 106,104 |
Twist Bioscience Corp. (Biotechnology) | (a) | 8,104 | 627,169 |
Ultragenyx Pharmaceutical, Inc. (Biotechnology) | (a) | 1,963 | 165,069 |
Veracyte, Inc. (Biotechnology) | (a) | 4,258 | 175,430 |
Vericel Corp. (Biotechnology) | (a) | 5,321 | 209,115 |
Viemed Healthcare, Inc. (Health Care Providers & Svs.) | (a) | 11,958 | 62,421 |
Vir Biotechnology, Inc. (Biotechnology) | (a) | 7,996 | 334,793 |
Vocera Communications, Inc. (Health Care Technology) | (a) | 15,873 | 1,029,205 |
Y-mAbs Therapeutics, Inc. (Biotechnology) | (a) | 4,746 | 76,933 |
Zentalis Pharmaceuticals, Inc. (Biotechnology) | (a) | 1,298 | 109,110 |
Zogenix, Inc. (Pharmaceuticals) | (a) | 30,976 | 503,360 |
Zynex, Inc. (Health Care Equip. & Supplies) | 4,338 | 43,250 | |
47,526,077 | |||
Industrials–16.0% | |||
Aerojet Rocketdyne Holdings, Inc. (Aerospace & Defense) | 7,712 | 360,613 | |
Altra Industrial Motion Corp. (Machinery) | 4,205 | 216,852 | |
Ameresco, Inc. Class A (Construction & Engineering) | (a) | 3,572 | 290,904 |
Applied Industrial Technologies, Inc. (Trading Companies & Distributors) | 14,559 | 1,495,209 |
Ohio National Fund, Inc. | ON BlackRock Advantage Small Cap Growth Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Industrials (continued) | |||
ASGN, Inc. (Professional Svs.) | (a) | 3,953 | $ 487,800 |
Astec Industries, Inc. (Machinery) | 1,718 | 119,006 | |
Atkore, Inc. (Electrical Equip.) | (a) | 9,433 | 1,048,855 |
Bloom Energy Corp. Class A (Electrical Equip.) | (a) | 26,514 | 581,452 |
Builders FirstSource, Inc. (Building Products) | (a) | 28,367 | 2,431,336 |
Cimpress PLC (Commercial Svs. & Supplies) | (a) | 1,170 | 83,784 |
Comfort Systems U.S.A., Inc. (Construction & Engineering) | 1,618 | 160,085 | |
Cornerstone Building Brands, Inc. (Building Products) | (a) | 16,265 | 283,662 |
Desktop Metal, Inc. Class A (Machinery) | (a) | 19,562 | 96,832 |
EMCOR Group, Inc. (Construction & Engineering) | 19,205 | 2,446,525 | |
Evoqua Water Technologies Corp. (Machinery) | (a) | 15,414 | 720,605 |
Forrester Research, Inc. (Professional Svs.) | (a) | 4,676 | 274,622 |
Franklin Covey Co. (Professional Svs.) | (a) | 19,876 | 921,451 |
Franklin Electric Co., Inc. (Machinery) | 20,468 | 1,935,454 | |
Hub Group, Inc. Class A (Air Freight & Logistics) | (a) | 9,485 | 799,016 |
Hyliion Holdings Corp. (Machinery) | (a) | 21,888 | 135,706 |
Insperity, Inc. (Professional Svs.) | 14,129 | 1,668,776 | |
JELD-WEN Holding, Inc. (Building Products) | (a) | 9,891 | 260,727 |
John Bean Technologies Corp. (Machinery) | 4,082 | 626,832 | |
KBR, Inc. (Professional Svs.) | 1,308 | 62,287 | |
Kforce, Inc. (Professional Svs.) | 18,664 | 1,403,906 | |
Kimball International, Inc. Class B (Commercial Svs. & Supplies) | 7,995 | 81,789 | |
Meritor, Inc. (Machinery) | (a) | 23,112 | 572,715 |
Nikola Corp. (Machinery) | (a) | 22,027 | �� 217,407 |
PAE, Inc. (Aerospace & Defense) | (a) | 9,026 | 89,628 |
Primoris Services Corp. (Construction & Engineering) | 3,504 | 84,026 | |
Proto Labs, Inc. (Machinery) | (a) | 3,538 | 181,676 |
Radiant Logistics, Inc. (Air Freight & Logistics) | (a) | 10,231 | 74,584 |
Resideo Technologies, Inc. (Building Products) | (a) | 15,226 | 396,333 |
SiteOne Landscape Supply, Inc. (Trading Companies & Distributors) | (a) | 8,721 | 2,112,924 |
Terex Corp. (Machinery) | 3,635 | 159,758 | |
Tetra Tech, Inc. (Commercial Svs. & Supplies) | 12,080 | 2,051,184 | |
Trex Co., Inc. (Building Products) | (a) | 3,577 | 483,002 |
TriNet Group, Inc. (Professional Svs.) | (a) | 7,274 | 692,921 |
UFP Industries, Inc. (Building Products) | 6,725 | 618,767 | |
Upwork, Inc. (Professional Svs.) | (a) | 12,018 | 410,535 |
Watts Water Technologies, Inc. Class A (Machinery) | 4,055 | 787,359 | |
Welbilt, Inc. (Machinery) | (a) | 5,308 | 126,171 |
Werner Enterprises, Inc. (Road & Rail) | 45,661 | 2,176,203 | |
WillScot Mobile Mini Holdings Corp. (Construction & Engineering) | (a) | 26,981 | 1,101,904 |
31,331,183 | |||
Information Technology–23.2% | |||
3D Systems Corp. (Tech. Hardware, Storage & Periph.) | (a) | 14,340 | 308,884 |
ACI Worldwide, Inc. (Software) | (a) | 22,258 | 772,353 |
Alarm.com Holdings, Inc. (Software) | (a) | 7,198 | 610,462 |
Altair Engineering, Inc. Class A (Software) | (a) | 15,701 | 1,214,001 |
Ambarella, Inc. (Semiconductors & Equip.) | (a) | 4,999 | 1,014,247 |
Appian Corp. (Software) | (a) | 6,661 | 434,364 |
Asana, Inc. Class A (Software) | (a) | 11,324 | 844,204 |
Badger Meter, Inc. (Electronic Equip., Instr. & Comp.) | 909 | 96,863 | |
BigCommerce Holdings, Inc. Series 1 (IT Svs.) | (a) | 5,689 | 201,220 |
Blackline, Inc. (Software) | (a) | 6,296 | 651,888 |
Box, Inc. Class A (Software) | (a) | 47,417 | 1,241,851 |
Braze, Inc. Class A (Software) | (a) | 50 | 3,858 |
BTRS Holdings, Inc. Class A (Software) | (a) | 17,554 | 137,272 |
Calix, Inc. (Communications Equip.) | (a) | 19,484 | 1,558,135 |
Common Stocks (Continued) | Shares | Value | |
Information Technology (continued) | |||
CMC Materials, Inc. (Semiconductors & Equip.) | 3,548 | $ 680,116 | |
CSG Systems International, Inc. (IT Svs.) | 16,069 | 925,896 | |
Digital Turbine, Inc. (Software) | (a) | 7,903 | 482,004 |
DigitalOcean Holdings, Inc. (IT Svs.) | (a) | 4,907 | 394,179 |
Envestnet, Inc. (Software) | (a) | 4,458 | 353,698 |
ePlus, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 12,000 | 646,560 |
Expensify, Inc. Class A (Software) | (a) | 2,718 | 119,592 |
Extreme Networks, Inc. (Communications Equip.) | (a) | 22,134 | 347,504 |
FARO Technologies, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 1,979 | 138,570 |
Gitlab, Inc. Class A (Software) | (a) | 766 | 66,642 |
Ichor Holdings Ltd. (Semiconductors & Equip.) | (a) | 12,609 | 580,392 |
Insight Enterprises, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 3,212 | 342,399 |
International Money Express, Inc. (IT Svs.) | (a) | 6,445 | 102,862 |
Itron, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 2,978 | 204,053 |
Knowles Corp. (Electronic Equip., Instr. & Comp.) | (a) | 3,118 | 72,805 |
Kulicke & Soffa Industries, Inc. (Semiconductors & Equip.) | 9,709 | 587,783 | |
Lattice Semiconductor Corp. (Semiconductors & Equip.) | (a) | 47,344 | 3,648,330 |
LivePerson, Inc. (Software) | (a) | 17,807 | 636,066 |
LiveRamp Holdings, Inc. (IT Svs.) | (a) | 12,626 | 605,417 |
MaxLinear, Inc. (Semiconductors & Equip.) | (a) | 3,766 | 283,919 |
MicroStrategy, Inc. Class A (Software) | (a) | 592 | 322,338 |
Mimecast Ltd. (Software) | (a) | 10,182 | 810,182 |
Momentive Global, Inc. (Software) | (a) | 6,437 | 136,142 |
Monday.com Ltd. (Software) | (a) | 238 | 73,475 |
NETGEAR, Inc. (Communications Equip.) | (a) | 6,481 | 189,310 |
Onto Innovation, Inc. (Semiconductors & Equip.) | (a) | 5,607 | 567,597 |
OSI Systems, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 12,078 | 1,125,670 |
PagerDuty, Inc. (Software) | (a) | 48,941 | 1,700,700 |
PAR Technology Corp. (Electronic Equip., Instr. & Comp.) | (a) | 3,261 | 172,083 |
Paymentus Holdings, Inc. Class A (IT Svs.) | (a) | 6,402 | 223,942 |
PC Connection, Inc. (Electronic Equip., Instr. & Comp.) | 12,511 | 539,599 | |
Perficient, Inc. (IT Svs.) | (a) | 6,636 | 857,968 |
Ping Identity Holding Corp. (Software) | (a) | 4,375 | 100,100 |
Power Integrations, Inc. (Semiconductors & Equip.) | 23,454 | 2,178,642 | |
Progress Software Corp. (Software) | 16,369 | 790,132 | |
PROS Holdings, Inc. (Software) | (a) | 9,570 | 330,069 |
Rapid7, Inc. (Software) | (a) | 12,332 | 1,451,353 |
Riot Blockchain, Inc. (Software) | (a) | 3,030 | 67,660 |
Riskified Ltd. Class A (Software) | (a) | 2,664 | 20,939 |
Sailpoint Technologies Holdings, Inc. (Software) | (a) | 12,284 | 593,808 |
Silicon Laboratories, Inc. (Semiconductors & Equip.) | (a) | 13,954 | 2,880,385 |
Sprout Social, Inc. Class A (Software) | (a) | 11,039 | 1,001,127 |
SPS Commerce, Inc. (Software) | (a) | 4,067 | 578,937 |
SunPower Corp. (Semiconductors & Equip.) | (a) | 8,593 | 179,336 |
Super Micro Computer, Inc. (Tech. Hardware, Storage & Periph.) | (a) | 3,396 | 149,254 |
Synaptics, Inc. (Semiconductors & Equip.) | (a) | 5,708 | 1,652,523 |
Tenable Holdings, Inc. (Software) | (a) | 21,452 | 1,181,362 |
TTEC Holdings, Inc. (IT Svs.) | 1,694 | 153,392 | |
Ultra Clean Holdings, Inc. (Semiconductors & Equip.) | (a) | 9,684 | 555,474 |
Varonis Systems, Inc. (Software) | (a) | 40,399 | 1,970,663 |
Verra Mobility Corp. (IT Svs.) | (a) | 10,734 | 165,626 |
Ohio National Fund, Inc. | ON BlackRock Advantage Small Cap Growth Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Information Technology (continued) | |||
Workiva, Inc. (Software) | (a) | 13,341 | $ 1,740,867 |
Yext, Inc. (Software) | (a) | 70,778 | 702,118 |
45,471,162 | |||
Materials–2.4% | |||
Avient Corp. (Chemicals) | 16,838 | 942,086 | |
Constellium SE (Metals & Mining) | (a) | 46,038 | 824,541 |
H.B. Fuller Co. (Chemicals) | 10,731 | 869,211 | |
Hawkins, Inc. (Chemicals) | 2,602 | 102,649 | |
Livent Corp. (Chemicals) | (a) | 10,587 | 258,111 |
Materion Corp. (Metals & Mining) | 1,825 | 167,790 | |
MP Materials Corp. (Metals & Mining) | (a) | 3,850 | 174,867 |
Novagold Resources, Inc. (Metals & Mining) | (a) | 65,935 | 452,314 |
Schnitzer Steel Industries, Inc. Class A (Metals & Mining) | 14,601 | 758,084 | |
Venator Materials PLC (Chemicals) | (a) | 55,792 | 141,712 |
4,691,365 | |||
Real Estate–3.6% | |||
Braemar Hotels & Resorts, Inc. (Equity REIT) | (a) | 51,696 | 263,649 |
Broadstone Net Lease, Inc. (Equity REIT) | 2 | 50 | |
EastGroup Properties, Inc. (Equity REIT) | 13,288 | 3,027,671 | |
Marcus & Millichap, Inc. (Real Estate Mgmt. & Development) | (a) | 48,244 | 2,482,636 |
National Storage Affiliates Trust (Equity REIT) | 8,120 | 561,904 | |
RE Class A (Real Estate Mgmt. & Development) | 6,977 | 212,729 | |
Realogy Holdings Corp. (Real Estate Mgmt. & Development) | (a) | 16,000 | 268,960 |
Redfin Corp. (Real Estate Mgmt. & Development) | (a) | 4,977 | 191,067 |
7,008,666 |
Common Stocks (Continued) | Shares | Value | |
Utilities–0.6% | |||
Brookfield Infrastructure Corp. Class A (Gas Utilities) | 3,051 | $ 208,261 | |
Clearway Energy, Inc. Class A (Ind. Power & Renewable Elec.) | 5,330 | 178,449 | |
South Jersey Industries, Inc. (Gas Utilities) | 3,370 | 88,024 | |
Sunnova Energy International, Inc. (Ind. Power & Renewable Elec.) | (a) | 29,418 | 821,351 |
1,296,085 | |||
Total Common Stocks (Cost $177,503,403) | $191,723,558 |
Rights –0.0% | Quantity | Value | |
Health Care–0.0% | |||
Alder BioPharmaceuticals, Inc. CVR (Pharmaceuticals) | 14,631 | $ 12,875 | |
Flexion Therapeutics, Inc. CVR (Biotechnology) | 6,185 | 3,835 | |
Prevail Therapeutics, Inc. CVR (Biotechnology) | 2,231 | 1,115 | |
Total Rights (Cost $17,826) | $ 17,825 |
Money Market Funds–1.5% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.040% | (b) | 2,843,419 | $ 2,843,703 |
Total Money Market Funds (Cost $2,843,703) | $ 2,843,703 | ||
Total Investments – 99.2% (Cost $180,364,932) | (c) | $194,585,086 | |
Other Assets in Excess of Liabilities – 0.8% | (d) | 1,644,157 | |
Net Assets – 100.0% | $196,229,243 |
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, 2021. | |
(c) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 7 of the Notes to Financial Statements. | |
(d) | Includes $162,000 of cash pledged as collateral for the futures contracts outstanding at December 31, 2021. See also the following Schedule of Open Futures Contracts. |
Schedule of Open Futures Contracts | December 31, 2021 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
CME E-mini Russell 2000 Index - Long | 27 | March 18, 2022 | $2,973,828 | $3,027,780 | $53,952 | $(5,535) |
Ohio National Fund, Inc. | ON S&P MidCap 400® Index Portfolio (Unaudited) |
Average Annual returns | |
One year | 24.18% |
Five years | 12.56% |
Ten years | 12.48% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2021. |
Ohio National Fund, Inc. | ON S&P MidCap 400® Index Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2021 (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, 2021 (1) (2) (3) | ||
% of Net Assets | ||
1. | Molina Healthcare, Inc. | 0.7 |
2. | Camden Property Trust | 0.7 |
3. | Builders FirstSource, Inc. | 0.7 |
4. | Trex Co., Inc. | 0.6 |
5. | Masimo Corp. | 0.6 |
6. | Medical Properties Trust, Inc. | 0.6 |
7. | Nordson Corp. | 0.6 |
8. | Cognex Corp. | 0.6 |
9. | Graco, Inc. | 0.6 |
10. | Repligen Corp. | 0.5 |
(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): |
% of Net Assets | |
Industrials | 18.8 |
Consumer Discretionary | 15.5 |
Information Technology | 14.6 |
Financials | 13.7 |
Real Estate | 10.4 |
Health Care | 9.9 |
Materials | 6.6 |
Consumer Staples | 3.5 |
Utilities | 3.4 |
Energy | 2.1 |
Communication Services | 1.7 |
100.2 |
Ohio National Fund, Inc. | ON S&P MidCap 400® Index Portfolio |
Schedule of Investments | December 31, 2021 |
Common Stocks–100.2% | Shares | Value | |
Communication Services–1.7% | |||
Cable One, Inc. (Media) | 882 | $ 1,555,363 | |
Iridium Communications, Inc. (Diversified Telecom. Svs.) | (a) | 23,517 | 971,017 |
John Wiley & Sons, Inc. Class A (Media) | 7,718 | 442,010 | |
New York Times Co. / The Class A (Media) | 29,717 | 1,435,331 | |
TEGNA, Inc. (Media) | 39,360 | 730,522 | |
TripAdvisor, Inc. (Interactive Media & Svs.) | (a) | 17,571 | 478,985 |
World Wrestling Entertainment, Inc. Class A (Entertainment) | 7,988 | 394,128 | |
Yelp, Inc. (Interactive Media & Svs.) | (a) | 12,201 | 442,164 |
Ziff Davis, Inc. (Interactive Media & Svs.) | (a) | 8,577 | 950,846 |
7,400,366 | |||
Consumer Discretionary–15.5% | |||
Adient PLC (Auto Components) | (a) | 16,761 | 802,517 |
American Eagle Outfitters, Inc. (Specialty Retail) | 27,295 | 691,109 | |
AutoNation, Inc. (Specialty Retail) | (a) | 7,112 | 831,037 |
Boyd Gaming Corp. (Hotels, Restaurants & Leisure) | (a) | 14,584 | 956,273 |
Brunswick Corp. (Leisure Products) | 13,711 | 1,381,109 | |
Callaway Golf Co. (Leisure Products) | (a) | 20,825 | 571,438 |
Capri Holdings Ltd. (Textiles, Apparel & Luxury Goods) | (a) | 26,761 | 1,737,057 |
Carter's, Inc. (Textiles, Apparel & Luxury Goods) | 7,521 | 761,276 | |
Choice Hotels International, Inc. (Hotels, Restaurants & Leisure) | 5,834 | 910,046 | |
Churchill Downs, Inc. (Hotels, Restaurants & Leisure) | 6,121 | 1,474,549 | |
Columbia Sportswear Co. (Textiles, Apparel & Luxury Goods) | 6,134 | 597,697 | |
Cracker Barrel Old Country Store, Inc. (Hotels, Restaurants & Leisure) | 4,183 | 538,101 | |
Crocs, Inc. (Textiles, Apparel & Luxury Goods) | (a) | 10,465 | 1,341,822 |
Dana, Inc. (Auto Components) | 25,638 | 585,059 | |
Deckers Outdoor Corp. (Textiles, Apparel & Luxury Goods) | (a) | 4,882 | 1,788,325 |
Dick's Sporting Goods, Inc. (Specialty Retail) | 11,542 | 1,327,215 | |
Five Below, Inc. (Specialty Retail) | (a) | 9,964 | 2,061,452 |
Foot Locker, Inc. (Specialty Retail) | 16,070 | 701,134 | |
Fox Factory Holding Corp. (Auto Components) | (a) | 7,488 | 1,273,709 |
GameStop Corp. Class A (Specialty Retail) | (a) | 11,018 | 1,634,961 |
Gentex Corp. (Auto Components) | 42,065 | 1,465,965 | |
Goodyear Tire & Rubber Co. / The (Auto Components) | (a) | 49,976 | 1,065,488 |
Graham Holdings Co. Class B (Diversified Consumer Svs.) | 705 | 444,030 | |
Grand Canyon Education, Inc. (Diversified Consumer Svs.) | (a) | 7,126 | 610,770 |
H&R Block, Inc. (Diversified Consumer Svs.) | 31,251 | 736,274 | |
Hanesbrands, Inc. (Textiles, Apparel & Luxury Goods) | 62,120 | 1,038,646 | |
Harley-Davidson, Inc. (Automobiles) | 27,370 | 1,031,575 | |
Helen of Troy Ltd. (Household Durables) | (a) | 4,291 | 1,049,021 |
Jack in the Box, Inc. (Hotels, Restaurants & Leisure) | 3,883 | 339,685 | |
KB Home (Household Durables) | 15,248 | 682,043 | |
Kohl's Corp. (Multiline Retail) | 26,784 | 1,322,862 | |
Lear Corp. (Auto Components) | 10,604 | 1,940,002 | |
Leggett & Platt, Inc. (Household Durables) | 23,725 | 976,521 | |
Lithia Motors, Inc. (Specialty Retail) | 5,386 | 1,599,373 | |
Macy's, Inc. (Multiline Retail) | 55,088 | 1,442,204 | |
Marriott Vacations Worldwide Corp. (Hotels, Restaurants & Leisure) | 7,575 | 1,280,024 |
Common Stocks (Continued) | Shares | Value | |
Consumer Discretionary (continued) | |||
Mattel, Inc. (Leisure Products) | (a) | 62,304 | $ 1,343,274 |
Murphy U.S.A., Inc. (Specialty Retail) | 4,196 | 836,011 | |
Nordstrom, Inc. (Multiline Retail) | (a) | 19,716 | 445,976 |
Ollie's Bargain Outlet Holdings, Inc. (Multiline Retail) | (a) | 10,748 | 550,190 |
Papa John's International, Inc. (Hotels, Restaurants & Leisure) | 5,755 | 768,120 | |
Polaris, Inc. (Leisure Products) | 10,145 | 1,115,037 | |
RH (Specialty Retail) | (a) | 3,085 | 1,653,375 |
Scientific Games Corp. (Hotels, Restaurants & Leisure) | (a) | 17,164 | 1,147,070 |
Service Corp. International (Diversified Consumer Svs.) | 29,331 | 2,082,208 | |
Six Flags Entertainment Corp. (Hotels, Restaurants & Leisure) | (a) | 13,753 | 585,603 |
Skechers U.S.A., Inc. Class A (Textiles, Apparel & Luxury Goods) | (a) | 23,998 | 1,041,513 |
Taylor Morrison Home Corp. (Household Durables) | (a) | 21,864 | 764,365 |
Tempur Sealy International, Inc. (Household Durables) | 34,234 | 1,610,025 | |
Texas Roadhouse, Inc. (Hotels, Restaurants & Leisure) | 12,385 | 1,105,733 | |
Thor Industries, Inc. (Automobiles) | 9,877 | 1,024,936 | |
Toll Brothers, Inc. (Household Durables) | 20,349 | 1,473,064 | |
TopBuild Corp. (Household Durables) | (a) | 5,855 | 1,615,453 |
Travel + Leisure Co. (Hotels, Restaurants & Leisure) | 15,350 | 848,395 | |
Tri Pointe Homes, Inc. (Household Durables) | (a) | 19,735 | 550,409 |
Urban Outfitters, Inc. (Specialty Retail) | (a) | 11,645 | 341,897 |
Victoria's Secret & Co. (Specialty Retail) | (a) | 12,885 | 715,633 |
Visteon Corp. (Auto Components) | (a) | 4,974 | 552,810 |
Wendy's Co. / The (Hotels, Restaurants & Leisure) | 31,386 | 748,556 | |
Williams-Sonoma, Inc. (Specialty Retail) | 13,226 | 2,236,913 | |
Wingstop, Inc. (Hotels, Restaurants & Leisure) | 5,304 | 916,531 | |
Wyndham Hotels & Resorts, Inc. (Hotels, Restaurants & Leisure) | 16,568 | 1,485,321 | |
YETI Holdings, Inc. (Leisure Products) | (a) | 15,587 | 1,291,071 |
67,839,858 | |||
Consumer Staples–3.5% | |||
BJ's Wholesale Club Holdings, Inc. (Food & Staples Retailing) | (a) | 24,288 | 1,626,567 |
Boston Beer Co., Inc. / The Class A (Beverages) | (a) | 1,670 | 843,517 |
Casey's General Stores, Inc. (Food & Staples Retailing) | 6,602 | 1,302,905 | |
Coty, Inc. Class A (Personal Products) | (a) | 59,673 | 626,566 |
Darling Ingredients, Inc. (Food Products) | (a) | 28,776 | 1,993,889 |
Energizer Holdings, Inc. (Household Products) | 11,146 | 446,955 | |
Flowers Foods, Inc. (Food Products) | 35,336 | 970,680 | |
Grocery Outlet Holding Corp. (Food & Staples Retailing) | (a) | 15,489 | 438,029 |
Hain Celestial Group, Inc. / The (Food Products) | (a) | 16,524 | 704,088 |
Ingredion, Inc. (Food Products) | 11,833 | 1,143,541 | |
Lancaster Colony Corp. (Food Products) | 3,522 | 583,243 | |
Nu Skin Enterprises, Inc. Class A (Personal Products) | 8,846 | 448,935 | |
Performance Food Group Co. (Food & Staples Retailing) | (a) | 27,454 | 1,259,864 |
Pilgrim's Pride Corp. (Food Products) | (a) | 8,747 | 246,665 |
Post Holdings, Inc. (Food Products) | (a) | 10,411 | 1,173,632 |
Ohio National Fund, Inc. | ON S&P MidCap 400® Index Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Consumer Staples (continued) | |||
Sanderson Farms, Inc. (Food Products) | 3,772 | $ 720,754 | |
Sprouts Farmers Market, Inc. (Food & Staples Retailing) | (a) | 19,906 | 590,810 |
15,120,640 | |||
Energy–2.1% | |||
Antero Midstream Corp. (Oil, Gas & Consumable Fuels) | 57,695 | 558,488 | |
ChampionX Corp. (Energy Equip. & Svs.) | (a) | 35,944 | 726,428 |
CNX Resources Corp. (Oil, Gas & Consumable Fuels) | (a) | 37,513 | 515,804 |
DT Midstream, Inc. (Oil, Gas & Consumable Fuels) | 17,204 | 825,448 | |
EQT Corp. (Oil, Gas & Consumable Fuels) | (a) | 53,778 | 1,172,898 |
Equitrans Midstream Corp. (Oil, Gas & Consumable Fuels) | 72,317 | 747,758 | |
HollyFrontier Corp. (Oil, Gas & Consumable Fuels) | 26,593 | 871,719 | |
Murphy Oil Corp. (Oil, Gas & Consumable Fuels) | 25,831 | 674,447 | |
NOV, Inc. (Energy Equip. & Svs.) | 69,499 | 941,711 | |
Targa Resources Corp. (Oil, Gas & Consumable Fuels) | 40,717 | 2,127,056 | |
9,161,757 | |||
Financials–13.7% | |||
Affiliated Managers Group, Inc. (Capital Markets) | 7,230 | 1,189,407 | |
Alleghany Corp. (Insurance) | (a) | 2,436 | 1,626,249 |
American Financial Group, Inc. (Insurance) | 11,760 | 1,614,883 | |
Associated Banc-Corp. (Banks) | 26,688 | 602,882 | |
Bank of Hawaii Corp. (Banks) | 7,198 | 602,905 | |
Bank OZK (Banks) | 21,503 | 1,000,535 | |
Brighthouse Financial, Inc. (Insurance) | (a) | 14,203 | 735,715 |
Cadence Bank (Banks) | 34,857 | 1,038,390 | |
Cathay General Bancorp (Banks) | 13,715 | 589,608 | |
CIT Group, Inc. (Banks) | 17,640 | 905,638 | |
CNO Financial Group, Inc. (Insurance) | 21,898 | 522,048 | |
Commerce Bancshares, Inc. (Banks) | 19,740 | 1,356,928 | |
Cullen / Frost Bankers, Inc. (Banks) | 10,085 | 1,271,416 | |
East West Bancorp, Inc. (Banks) | 25,238 | 1,985,726 | |
Essent Group Ltd. (Thrifts & Mortgage Finance) | 19,651 | 894,710 | |
Evercore, Inc. Class A (Capital Markets) | 6,939 | 942,663 | |
Federated Hermes, Inc. (Capital Markets) | 17,229 | 647,466 | |
First American Financial Corp. (Insurance) | 19,515 | 1,526,658 | |
First Financial Bankshares, Inc. (Banks) | 22,803 | 1,159,305 | |
First Horizon Corp. (Banks) | 96,184 | 1,570,685 | |
FirstCash Holdings, Inc. (Consumer Finance) | 7,179 | 537,061 | |
FNB Corp. (Banks) | 56,770 | 688,620 | |
Fulton Financial Corp. (Banks) | 28,570 | 485,690 | |
Glacier Bancorp, Inc. (Banks) | 19,293 | 1,093,913 | |
Hancock Whitney Corp. (Banks) | 15,454 | 773,009 | |
Hanover Insurance Group, Inc. / The (Insurance) | 6,329 | 829,479 | |
Home BancShares, Inc. (Banks) | 26,820 | 653,067 | |
Interactive Brokers Group, Inc. Class A (Capital Markets) | 15,539 | 1,234,107 | |
International Bancshares Corp. (Banks) | 9,424 | 399,483 | |
Janus Henderson Group PLC (Capital Markets) | 30,338 | 1,272,376 | |
Jefferies Financial Group, Inc. (Capital Markets) | 34,935 | 1,355,478 | |
Kemper Corp. (Insurance) | 10,638 | 625,408 | |
Kinsale Capital Group, Inc. (Insurance) | 3,815 | 907,550 | |
Mercury General Corp. (Insurance) | 4,766 | 252,884 | |
MGIC Investment Corp. (Thrifts & Mortgage Finance) | 57,934 | 835,408 | |
Navient Corp. (Consumer Finance) | 28,661 | 608,186 | |
New York Community Bancorp, Inc. (Thrifts & Mortgage Finance) | 82,733 | 1,010,170 |
Common Stocks (Continued) | Shares | Value | |
Financials (continued) | |||
Old Republic International Corp. (Insurance) | 50,757 | $ 1,247,607 | |
PacWest Bancorp (Banks) | 20,859 | 942,201 | |
Pinnacle Financial Partners, Inc. (Banks) | 13,541 | 1,293,166 | |
Primerica, Inc. (Insurance) | 7,022 | 1,076,262 | |
PROG Holdings, Inc. (Consumer Finance) | (a) | 10,043 | 453,040 |
Prosperity Bancshares, Inc. (Banks) | 16,394 | 1,185,286 | |
Reinsurance Group of America, Inc. (Insurance) | 12,024 | 1,316,508 | |
RenaissanceRe Holdings Ltd. (Insurance) | 8,184 | 1,385,797 | |
RLI Corp. (Insurance) | 7,081 | 793,780 | |
SEI Investments Co. (Capital Markets) | 18,847 | 1,148,536 | |
Selective Insurance Group, Inc. (Insurance) | 10,694 | 876,266 | |
SLM Corp. (Consumer Finance) | 52,160 | 1,025,987 | |
Sterling Bancorp (Banks) | 34,300 | 884,597 | |
Stifel Financial Corp. (Capital Markets) | 18,516 | 1,303,897 | |
Synovus Financial Corp. (Banks) | 25,884 | 1,239,067 | |
Texas Capital Bancshares, Inc. (Banks) | (a) | 8,989 | 541,587 |
UMB Financial Corp. (Banks) | 7,658 | 812,590 | |
Umpqua Holdings Corp. (Banks) | 38,515 | 741,029 | |
United Bankshares, Inc. (Banks) | 24,263 | 880,262 | |
Unum Group (Insurance) | 36,377 | 893,783 | |
Valley National Bancorp (Banks) | 72,394 | 995,418 | |
Voya Financial, Inc. (Diversified Financial Svs.) | 19,740 | 1,308,959 | |
Washington Federal, Inc. (Thrifts & Mortgage Finance) | 11,530 | 384,871 | |
Webster Financial Corp. (Banks) | 16,119 | 900,085 | |
Wintrust Financial Corp. (Banks) | 10,142 | 921,096 | |
59,897,383 | |||
Health Care–9.9% | |||
Acadia Healthcare Co., Inc. (Health Care Providers & Svs.) | (a) | 15,999 | 971,139 |
Amedisys, Inc. (Health Care Providers & Svs.) | (a) | 5,800 | 938,904 |
Arrowhead Pharmaceuticals, Inc. (Biotechnology) | (a) | 18,542 | 1,229,335 |
Bruker Corp. (Life Sciences Tools & Svs.) | 18,068 | 1,516,086 | |
Chemed Corp. (Health Care Providers & Svs.) | 2,738 | 1,448,512 | |
Encompass Health Corp. (Health Care Providers & Svs.) | 17,699 | 1,155,037 | |
Envista Holdings Corp. (Health Care Equip. & Supplies) | (a) | 28,703 | 1,293,357 |
Exelixis, Inc. (Biotechnology) | (a) | 56,271 | 1,028,634 |
Globus Medical, Inc. Class A (Health Care Equip. & Supplies) | (a) | 14,060 | 1,015,132 |
Haemonetics Corp. (Health Care Equip. & Supplies) | (a) | 9,067 | 480,914 |
Halozyme Therapeutics, Inc. (Biotechnology) | (a) | 25,038 | 1,006,778 |
HealthEquity, Inc. (Health Care Providers & Svs.) | (a) | 14,856 | 657,229 |
ICU Medical, Inc. (Health Care Equip. & Supplies) | (a) | 3,552 | 843,032 |
Integra LifeSciences Holdings Corp. (Health Care Equip. & Supplies) | (a) | 12,957 | 867,989 |
Jazz Pharmaceuticals PLC (Pharmaceuticals) | (a) | 10,933 | 1,392,864 |
LHC Group, Inc. (Health Care Providers & Svs.) | (a) | 5,635 | 773,291 |
LivaNova PLC (Health Care Equip. & Supplies) | (a) | 9,468 | 827,787 |
Masimo Corp. (Health Care Equip. & Supplies) | (a) | 9,035 | 2,645,267 |
Medpace Holdings, Inc. (Life Sciences Tools & Svs.) | (a) | 5,113 | 1,112,793 |
Molina Healthcare, Inc. (Health Care Providers & Svs.) | (a) | 10,386 | 3,303,579 |
Neogen Corp. (Health Care Equip. & Supplies) | (a) | 19,122 | 868,330 |
Neurocrine Biosciences, Inc. (Biotechnology) | (a) | 16,870 | 1,436,818 |
NuVasive, Inc. (Health Care Equip. & Supplies) | (a) | 9,180 | 481,766 |
Option Care Health, Inc. (Health Care Providers & Svs.) | (a) | 24,638 | 700,705 |
Patterson Cos., Inc. (Health Care Providers & Svs.) | 15,357 | 450,728 | |
Penumbra, Inc. (Health Care Equip. & Supplies) | (a) | 6,245 | 1,794,313 |
Ohio National Fund, Inc. | ON S&P MidCap 400® Index Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
Perrigo Co. PLC (Pharmaceuticals) | 23,795 | $ 925,625 | |
Progyny, Inc. (Health Care Providers & Svs.) | (a) | 12,385 | 623,585 |
Quidel Corp. (Health Care Equip. & Supplies) | (a) | 6,745 | 910,508 |
R1 RCM, Inc. (Health Care Providers & Svs.) | (a) | 23,684 | 603,705 |
Repligen Corp. (Life Sciences Tools & Svs.) | (a) | 9,144 | 2,421,697 |
STAAR Surgical Co. (Health Care Equip. & Supplies) | (a) | 8,466 | 772,946 |
Syneos Health, Inc. (Life Sciences Tools & Svs.) | (a) | 18,439 | 1,893,317 |
Tandem Diabetes Care, Inc. (Health Care Equip. & Supplies) | (a) | 11,299 | 1,700,725 |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | (a) | 19,052 | 1,556,358 |
United Therapeutics Corp. (Biotechnology) | (a) | 8,009 | 1,730,585 |
43,379,370 | |||
Industrials–18.8% | |||
Acuity Brands, Inc. (Electrical Equip.) | 6,211 | 1,314,993 | |
AECOM (Construction & Engineering) | 25,621 | 1,981,784 | |
AGCO Corp. (Machinery) | 10,914 | 1,266,242 | |
ASGN, Inc. (Professional Svs.) | (a) | 9,266 | 1,143,424 |
Avis Budget Group, Inc. (Road & Rail) | (a) | 7,127 | 1,477,926 |
Axon Enterprise, Inc. (Aerospace & Defense) | (a) | 11,680 | 1,833,760 |
Brink's Co. / The (Commercial Svs. & Supplies) | 8,734 | 572,688 | |
Builders FirstSource, Inc. (Building Products) | (a) | 34,055 | 2,918,854 |
CACI International, Inc. Class A (Professional Svs.) | (a) | 4,148 | 1,116,683 |
Carlisle Cos., Inc. (Building Products) | 9,297 | 2,306,772 | |
Clean Harbors, Inc. (Commercial Svs. & Supplies) | (a) | 8,905 | 888,452 |
Colfax Corp. (Machinery) | (a) | 23,950 | 1,100,981 |
Crane Co. (Machinery) | 8,879 | 903,261 | |
Curtiss-Wright Corp. (Aerospace & Defense) | 6,980 | 967,917 | |
Donaldson Co., Inc. (Machinery) | 21,980 | 1,302,535 | |
Dycom Industries, Inc. (Construction & Engineering) | (a) | 5,353 | 501,897 |
EMCOR Group, Inc. (Construction & Engineering) | 9,493 | 1,209,313 | |
EnerSys (Electrical Equip.) | 7,456 | 589,471 | |
Flowserve Corp. (Machinery) | 23,181 | 709,339 | |
Fluor Corp. (Construction & Engineering) | (a) | 25,146 | 622,866 |
FTI Consulting, Inc. (Professional Svs.) | (a) | 6,098 | 935,555 |
GATX Corp. (Trading Companies & Distributors) | 6,316 | 658,064 | |
Graco, Inc. (Machinery) | 30,222 | 2,436,498 | |
GXO Logistics, Inc. (Air Freight & Logistics) | (a) | 17,534 | 1,592,613 |
Hexcel Corp. (Aerospace & Defense) | (a) | 14,928 | 773,270 |
Hubbell, Inc. (Electrical Equip.) | 9,676 | 2,015,221 | |
IAA, Inc. (Commercial Svs. & Supplies) | (a) | 23,985 | 1,214,121 |
Insperity, Inc. (Professional Svs.) | 6,369 | 752,243 | |
ITT, Inc. (Machinery) | 15,223 | 1,555,638 | |
JetBlue Airways Corp. (Airlines) | (a) | 56,604 | 806,041 |
KBR, Inc. (Professional Svs.) | 24,948 | 1,188,024 | |
Kennametal, Inc. (Machinery) | 14,855 | 533,443 | |
Kirby Corp. (Marine) | (a) | 10,691 | 635,259 |
Knight-Swift Transportation Holdings, Inc. (Road & Rail) | 29,511 | 1,798,400 | |
Landstar System, Inc. (Road & Rail) | 6,776 | 1,213,040 | |
Lennox International, Inc. (Building Products) | 5,986 | 1,941,619 | |
Lincoln Electric Holdings, Inc. (Machinery) | 10,500 | 1,464,435 | |
ManpowerGroup, Inc. (Professional Svs.) | 9,648 | 939,040 | |
MasTec, Inc. (Construction & Engineering) | (a) | 10,177 | 939,134 |
Mercury Systems, Inc. (Aerospace & Defense) | (a) | 10,064 | 554,124 |
Middleby Corp. / The (Machinery) | (a) | 9,892 | 1,946,350 |
MillerKnoll, Inc. (Commercial Svs. & Supplies) | 13,452 | 527,184 | |
MSA Safety, Inc. (Commercial Svs. & Supplies) | 6,486 | 979,127 | |
MSC Industrial Direct Co., Inc. Class A (Trading Companies & Distributors) | 8,330 | 700,220 | |
Nordson Corp. (Machinery) | 9,610 | 2,453,145 |
Common Stocks (Continued) | Shares | Value | |
Industrials (continued) | |||
nVent Electric PLC (Electrical Equip.) | 29,924 | $ 1,137,112 | |
Oshkosh Corp. (Machinery) | 12,208 | 1,375,964 | |
Owens Corning (Building Products) | 17,873 | 1,617,506 | |
Regal Rexnord Corp. (Electrical Equip.) | 12,051 | 2,050,839 | |
Ryder System, Inc. (Road & Rail) | 9,551 | 787,289 | |
Saia, Inc. (Road & Rail) | (a) | 4,684 | 1,578,649 |
Simpson Manufacturing Co., Inc. (Building Products) | 7,727 | 1,074,594 | |
Stericycle, Inc. (Commercial Svs. & Supplies) | (a) | 16,342 | 974,637 |
Sunrun, Inc. (Electrical Equip.) | (a) | 36,818 | 1,262,857 |
Terex Corp. (Machinery) | 12,399 | 544,936 | |
Tetra Tech, Inc. (Commercial Svs. & Supplies) | 9,617 | 1,632,967 | |
Timken Co. / The (Machinery) | 12,281 | 850,950 | |
Toro Co. / The (Machinery) | 18,929 | 1,891,196 | |
Trex Co., Inc. (Building Products) | (a) | 20,472 | 2,764,334 |
Trinity Industries, Inc. (Machinery) | 14,534 | 438,927 | |
Univar Solutions, Inc. (Trading Companies & Distributors) | (a) | 30,411 | 862,152 |
Valmont Industries, Inc. (Construction & Engineering) | 3,775 | 945,638 | |
Vicor Corp. (Electrical Equip.) | (a) | 3,805 | 483,159 |
Watsco, Inc. (Trading Companies & Distributors) | 5,873 | 1,837,544 | |
Werner Enterprises, Inc. (Road & Rail) | 10,828 | 516,062 | |
Woodward, Inc. (Machinery) | 11,213 | 1,227,375 | |
XPO Logistics, Inc. (Road & Rail) | (a) | 17,545 | 1,358,509 |
82,494,162 | |||
Information Technology–14.6% | |||
ACI Worldwide, Inc. (Software) | (a) | 20,915 | 725,750 |
Alliance Data Systems Corp. (IT Svs.) | 8,851 | 589,211 | |
Amkor Technology, Inc. (Semiconductors & Equip.) | 17,759 | 440,246 | |
Arrow Electronics, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 12,383 | 1,662,665 |
Aspen Technology, Inc. (Software) | (a) | 11,901 | 1,811,332 |
Avnet, Inc. (Electronic Equip., Instr. & Comp.) | 17,661 | 728,163 | |
Azenta, Inc. (Semiconductors & Equip.) | 13,222 | 1,363,320 | |
Belden, Inc. (Electronic Equip., Instr. & Comp.) | 7,971 | 523,934 | |
Blackbaud, Inc. (Software) | (a) | 7,371 | 582,162 |
CDK Global, Inc. (Software) | 21,048 | 878,543 | |
Cerence, Inc. (Software) | (a) | 6,749 | 517,243 |
Ciena Corp. (Communications Equip.) | (a) | 27,555 | 2,120,908 |
Cirrus Logic, Inc. (Semiconductors & Equip.) | (a) | 10,162 | 935,107 |
CMC Materials, Inc. (Semiconductors & Equip.) | 5,056 | 969,185 | |
Cognex Corp. (Electronic Equip., Instr. & Comp.) | 31,444 | 2,445,085 | |
Coherent, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 4,363 | 1,162,914 |
CommVault Systems, Inc. (Software) | (a) | 8,096 | 557,976 |
Concentrix Corp. (IT Svs.) | 7,630 | 1,362,871 | |
Digital Turbine, Inc. (Software) | (a) | 15,638 | 953,762 |
Envestnet, Inc. (Software) | (a) | 9,719 | 771,105 |
Fair Isaac Corp. (Software) | (a) | 4,865 | 2,109,805 |
First Solar, Inc. (Semiconductors & Equip.) | (a) | 17,586 | 1,532,796 |
Genpact Ltd. (IT Svs.) | 30,768 | 1,633,165 | |
II-VI, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 18,878 | 1,289,934 |
Jabil, Inc. (Electronic Equip., Instr. & Comp.) | 25,491 | 1,793,292 | |
Kyndryl Holdings, Inc. (IT Svs.) | (a) | 31,846 | 576,413 |
Lattice Semiconductor Corp. (Semiconductors & Equip.) | (a) | 24,351 | 1,876,488 |
Littelfuse, Inc. (Electronic Equip., Instr. & Comp.) | 4,381 | 1,378,613 | |
LiveRamp Holdings, Inc. (IT Svs.) | (a) | 12,103 | 580,339 |
Lumentum Holdings, Inc. (Communications Equip.) | (a) | 12,859 | 1,360,096 |
Manhattan Associates, Inc. (Software) | (a) | 11,254 | 1,749,884 |
Maximus, Inc. (IT Svs.) | 10,936 | 871,271 | |
Mimecast Ltd. (Software) | (a) | 10,982 | 873,838 |
Ohio National Fund, Inc. | ON S&P MidCap 400® Index Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Information Technology (continued) | |||
MKS Instruments, Inc. (Semiconductors & Equip.) | 9,863 | $ 1,717,839 | |
National Instruments Corp. (Electronic Equip., Instr. & Comp.) | 23,459 | 1,024,455 | |
NCR Corp. (Tech. Hardware, Storage & Periph.) | (a) | 23,478 | 943,816 |
Paylocity Holding Corp. (Software) | (a) | 7,046 | 1,663,983 |
Power Integrations, Inc. (Semiconductors & Equip.) | 10,730 | 996,710 | |
Qualys, Inc. (Software) | (a) | 5,939 | 814,950 |
Sabre Corp. (IT Svs.) | (a) | 57,407 | 493,126 |
Sailpoint Technologies Holdings, Inc. (Software) | (a) | 16,591 | 802,009 |
Science Applications International Corp. (IT Svs.) | 10,240 | 855,962 | |
Semtech Corp. (Semiconductors & Equip.) | (a) | 11,452 | 1,018,426 |
Silicon Laboratories, Inc. (Semiconductors & Equip.) | (a) | 7,147 | 1,475,284 |
SiTime Corp. (Semiconductors & Equip.) | (a) | 2,665 | 779,619 |
SunPower Corp. (Semiconductors & Equip.) | (a) | 14,885 | 310,650 |
Synaptics, Inc. (Semiconductors & Equip.) | (a) | 6,983 | 2,021,648 |
TD SYNNEX Corp. (Electronic Equip., Instr. & Comp.) | 7,342 | 839,631 | |
Teradata Corp. (Software) | (a) | 19,296 | 819,501 |
Universal Display Corp. (Semiconductors & Equip.) | 7,711 | 1,272,546 | |
Viasat, Inc. (Communications Equip.) | (a) | 13,054 | 581,425 |
Vishay Intertechnology, Inc. (Electronic Equip., Instr. & Comp.) | 23,555 | 515,148 | |
Vontier Corp. (Electronic Equip., Instr. & Comp.) | 30,067 | 923,959 | |
Western Union Co. / The (IT Svs.) | 71,506 | 1,275,667 | |
WEX, Inc. (IT Svs.) | (a) | 7,972 | 1,119,189 |
Wolfspeed, Inc. (Semiconductors & Equip.) | (a) | 20,610 | 2,303,580 |
Xerox Holdings Corp. (Tech. Hardware, Storage & Periph.) | 24,420 | 552,869 | |
63,849,408 | |||
Materials–6.6% | |||
Alcoa Corp. (Metals & Mining) | 33,271 | 1,982,286 | |
AptarGroup, Inc. (Containers & Packaging) | 11,705 | 1,433,628 | |
Ashland Global Holdings, Inc. (Chemicals) | 10,046 | 1,081,552 | |
Avient Corp. (Chemicals) | 16,276 | 910,642 | |
Cabot Corp. (Chemicals) | 10,078 | 566,384 | |
Chemours Co. / The (Chemicals) | 28,988 | 972,837 | |
Cleveland-Cliffs, Inc. (Metals & Mining) | (a) | 80,922 | 1,761,672 |
Commercial Metals Co. (Metals & Mining) | 21,435 | 777,876 | |
Compass Minerals International, Inc. (Metals & Mining) | 6,102 | 311,690 | |
Eagle Materials, Inc. (Construction Materials) | 7,232 | 1,203,839 | |
Greif, Inc. Class A (Containers & Packaging) | 4,760 | 287,361 | |
Ingevity Corp. (Chemicals) | (a) | 6,975 | 500,108 |
Louisiana-Pacific Corp. (Paper & Forest Products) | 15,647 | 1,225,942 | |
Minerals Technologies, Inc. (Chemicals) | 5,898 | 431,439 | |
NewMarket Corp. (Chemicals) | 1,224 | 419,489 | |
Olin Corp. (Chemicals) | 25,510 | 1,467,335 | |
Reliance Steel & Aluminum Co. (Metals & Mining) | 11,136 | 1,806,482 | |
Royal Gold, Inc. (Metals & Mining) | 11,667 | 1,227,485 | |
RPM International, Inc. (Chemicals) | 23,068 | 2,329,868 | |
Scotts Miracle-Gro Co. / The (Chemicals) | 7,245 | 1,166,445 | |
Sensient Technologies Corp. (Chemicals) | 7,477 | 748,149 | |
Silgan Holdings, Inc. (Containers & Packaging) | 14,922 | 639,259 | |
Sonoco Products Co. (Containers & Packaging) | 17,483 | 1,012,091 | |
Steel Dynamics, Inc. (Metals & Mining) | 33,516 | 2,080,338 |
Common Stocks (Continued) | Shares | Value | |
Materials (continued) | |||
United States Steel Corp. (Metals & Mining) | 48,053 | $ 1,144,142 | |
Valvoline, Inc. (Chemicals) | 32,146 | 1,198,724 | |
Worthington Industries, Inc. (Metals & Mining) | 5,792 | 316,591 | |
29,003,654 | |||
Real Estate–10.4% | |||
American Campus Communities, Inc. (Equity REIT) | 24,751 | 1,417,985 | |
Apartment Income REIT Corp. (Equity REIT) | 27,918 | 1,526,277 | |
Brixmor Property Group, Inc. (Equity REIT) | 52,831 | 1,342,436 | |
Camden Property Trust (Equity REIT) | 18,171 | 3,246,794 | |
Corporate Office Properties Trust (Equity REIT) | 19,959 | 558,253 | |
Cousins Properties, Inc. (Equity REIT) | 26,449 | 1,065,366 | |
CyrusOne, Inc. (Equity REIT) | 22,570 | 2,024,980 | |
Douglas Emmett, Inc. (Equity REIT) | 31,215 | 1,045,702 | |
EastGroup Properties, Inc. (Equity REIT) | 7,234 | 1,648,267 | |
EPR Properties (Equity REIT) | 13,305 | 631,854 | |
First Industrial Realty Trust, Inc. (Equity REIT) | 23,163 | 1,533,391 | |
Healthcare Realty Trust, Inc. (Equity REIT) | 26,258 | 830,803 | |
Highwoods Properties, Inc. (Equity REIT) | 18,579 | 828,438 | |
Hudson Pacific Properties, Inc. (Equity REIT) | 27,132 | 670,432 | |
JBG SMITH Properties (Equity REIT) | 20,247 | 581,291 | |
Jones Lang LaSalle, Inc. (Real Estate Mgmt. & Development) | (a) | 8,975 | 2,417,326 |
Kilroy Realty Corp. (Equity REIT) | 18,642 | 1,238,947 | |
Kite Realty Group Trust (Equity REIT) | 38,965 | 848,658 | |
Lamar Advertising Co. Class A (Equity REIT) | 15,440 | 1,872,872 | |
Life Storage, Inc. (Equity REIT) | 14,584 | 2,233,977 | |
Macerich Co. / The (Equity REIT) | 37,897 | 654,860 | |
Medical Properties Trust, Inc. (Equity REIT) | 106,052 | 2,506,009 | |
National Retail Properties, Inc. (Equity REIT) | 31,235 | 1,501,466 | |
National Storage Affiliates Trust (Equity REIT) | 14,571 | 1,008,313 | |
Omega Healthcare Investors, Inc. (Equity REIT) | 42,512 | 1,257,930 | |
Park Hotels & Resorts, Inc. (Equity REIT) | (a) | 42,085 | 794,565 |
Pebblebrook Hotel Trust (Equity REIT) | 23,327 | 521,825 | |
Physicians Realty Trust (Equity REIT) | 39,214 | 738,400 | |
PotlatchDeltic Corp. (Equity REIT) | 11,938 | 718,906 | |
PS Business Parks, Inc. (Equity REIT) | 3,578 | 658,960 | |
Rayonier, Inc. (Equity REIT) | 25,461 | 1,027,606 | |
Rexford Industrial Realty, Inc. (Equity REIT) | 26,934 | 2,184,617 | |
Sabra Health Care REIT, Inc. (Equity REIT) | 40,620 | 549,995 | |
SL Green Realty Corp. (Equity REIT) | 11,875 | 851,438 | |
Spirit Realty Capital, Inc. (Equity REIT) | 21,936 | 1,057,096 | |
STORE Capital Corp. (Equity REIT) | 43,649 | 1,501,526 | |
Urban Edge Properties (Equity REIT) | 19,470 | 369,930 | |
45,467,491 | |||
Utilities–3.4% | |||
ALLETE, Inc. (Electric Utilities) | 9,347 | 620,174 | |
Black Hills Corp. (Multi-Utilities) | 11,359 | 801,605 | |
Essential Utilities, Inc. (Water Utilities) | 40,891 | 2,195,438 | |
Hawaiian Electric Industries, Inc. (Electric Utilities) | 19,448 | 807,092 | |
IDACORP, Inc. (Electric Utilities) | 8,984 | 1,017,977 | |
MDU Resources Group, Inc. (Multi-Utilities) | 36,166 | 1,115,359 | |
National Fuel Gas Co. (Gas Utilities) | 16,214 | 1,036,723 | |
New Jersey Resources Corp. (Gas Utilities) | 17,162 | 704,672 | |
NorthWestern Corp. (Multi-Utilities) | 9,349 | 534,389 | |
OGE Energy Corp. (Electric Utilities) | 35,595 | 1,366,136 | |
ONE Gas, Inc. (Gas Utilities) | 9,537 | 739,976 | |
PNM Resources, Inc. (Electric Utilities) | 15,263 | 696,145 | |
Southwest Gas Holdings, Inc. (Gas Utilities) | 10,744 | 752,617 | |
Spire, Inc. (Gas Utilities) | 9,187 | 599,176 | |
UGI Corp. (Gas Utilities) | 37,179 | 1,706,888 | |
14,694,367 | |||
Total Common Stocks (Cost $320,144,128) | $438,308,456 |
Ohio National Fund, Inc. | ON S&P MidCap 400® Index Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Money Market Funds–0.8% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.040% | (b) | 3,578,161 | $ 3,578,519 |
State Street Institutional U.S. Government Money Market Fund, 0.025% | (b) | 13,500 | 13,500 |
Total Money Market Funds (Cost $3,592,019) | $ 3,592,019 | ||
Total Investments – 101.0% (Cost $323,736,147) | (c) | $441,900,475 | |
Liabilities in Excess of Other Assets – (1.0)% | (d) | (4,347,638) | |
Net Assets – 100.0% | $437,552,837 |
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, 2021. | |
(c) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 7 of the Notes to Financial Statements. | |
(d) | Includes $189,000 of cash pledged as collateral for the futures contracts outstanding at December 31, 2021. See also the following Schedule of Open Futures Contracts. |
Schedule of Open Futures Contracts | December 31, 2021 |
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 18, 2022 | $3,934,845 | $3,972,780 | $37,935 | $1,540 |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Growth Portfolio (Unaudited) |
Average Annual returns | |
One year | 26.69% |
Five years | 21.04% |
Ten years | 17.72% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2021. |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Growth Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2021 (1) | |
% of Net Assets | |
Common Stocks (4) | 98.8 |
Money Market Funds Less Net Liabilities | 1.2 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2021 (1) (2) (3) | ||
% of Net Assets | ||
1. | Apple, Inc. | 9.9 |
2. | Microsoft Corp. | 8.8 |
3. | Amazon.com, Inc. | 5.9 |
4. | Tesla, Inc. | 3.3 |
5. | NVIDIA Corp. | 3.0 |
6. | Meta Platforms, Inc. Class A | 2.9 |
7. | Alphabet, Inc. Class C | 2.9 |
8. | Visa, Inc. | 2.8 |
9. | Adobe, Inc. | 2.1 |
10. | Alphabet, Inc. Class A | 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 | 45.9 |
Consumer Discretionary | 17.1 |
Communication Services | 11.6 |
Health Care | 9.0 |
Industrials | 6.1 |
Consumer Staples | 3.4 |
Financials | 2.8 |
Real Estate | 1.6 |
Materials | 0.8 |
Energy | 0.5 |
Utilities | 0.0 |
98.8 |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Growth Portfolio |
Schedule of Investments | December 31, 2021 |
Common Stocks–98.8% | Shares | Value | |
Communication Services–11.6% | |||
Alphabet, Inc. Class A (Interactive Media & Svs.) | (a) | 560 | $ 1,622,342 |
Alphabet, Inc. Class C (Interactive Media & Svs.) | (a) | 820 | 2,372,744 |
Altice U.S.A., Inc. Class A (Media) | (a) | 10,802 | 174,776 |
Booking Holdings, Inc. (Internet & Direct Marketing Retail) | (a) | 216 | 518,234 |
Comcast Corp. Class A (Media) | 8,087 | 407,019 | |
Fox Corp. Class A (Media) | 5,437 | 200,625 | |
Meta Platforms, Inc. Class A (Interactive Media & Svs.) | (a) | 7,142 | 2,402,212 |
Nexstar Media Group, Inc. Class A (Media) | 656 | 99,043 | |
Omnicom Group, Inc. (Media) | 1,797 | 131,666 | |
Pinterest, Inc. Class A (Interactive Media & Svs.) | (a) | 301 | 10,941 |
Roku, Inc. (Entertainment) | (a) | 1,157 | 264,027 |
Sirius XM Holdings, Inc. (Media) | 25,476 | 161,773 | |
Snap, Inc. Class A (Interactive Media & Svs.) | (a) | 356 | 16,743 |
Spotify Technology SA (Entertainment) | (a) | 1,410 | 329,982 |
Twitter, Inc. (Interactive Media & Svs.) | (a) | 4,511 | 194,965 |
United States Cellular Corp. (Wireless Telecom. Svs.) | (a) | 24 | 757 |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 359 | 18,654 | |
Walt Disney Co. / The (Entertainment) | (a) | 1,066 | 165,113 |
ZoomInfo Technologies, Inc. (Interactive Media & Svs.) | (a) | 2,902 | 186,308 |
Zynga, Inc. Class A (Entertainment) | (a) | 26,533 | 169,811 |
9,447,735 | |||
Consumer Discretionary–17.1% | |||
Amazon.com, Inc. (Internet & Direct Marketing Retail) | (a) | 1,442 | 4,808,118 |
American Eagle Outfitters, Inc. (Specialty Retail) | 2,104 | 53,273 | |
BorgWarner, Inc. (Auto Components) | 5,492 | 247,525 | |
D.R. Horton, Inc. (Household Durables) | 4,687 | 508,305 | |
Dick's Sporting Goods, Inc. (Specialty Retail) | 469 | 53,930 | |
Etsy, Inc. (Internet & Direct Marketing Retail) | (a) | 682 | 149,317 |
Foot Locker, Inc. (Specialty Retail) | 1,177 | 51,353 | |
H&R Block, Inc. (Diversified Consumer Svs.) | 11,070 | 260,809 | |
Home Depot, Inc. / The (Specialty Retail) | 2,993 | 1,242,125 | |
Lithia Motors, Inc. (Specialty Retail) | 195 | 57,905 | |
Lowe's Cos., Inc. (Specialty Retail) | 3,068 | 793,017 | |
McDonald's Corp. (Hotels, Restaurants & Leisure) | 1,194 | 320,076 | |
NIKE, Inc. Class B (Textiles, Apparel & Luxury Goods) | 57 | 9,500 | |
Nordstrom, Inc. (Multiline Retail) | (a) | 8,965 | 202,788 |
Overstock.com, Inc. (Internet & Direct Marketing Retail) | (a) | 208 | 12,274 |
Peloton Interactive, Inc. Class A (Leisure Products) | (a) | 533 | 19,060 |
Penske Automotive Group, Inc. (Specialty Retail) | 1,461 | 156,648 | |
Ralph Lauren Corp. (Textiles, Apparel & Luxury Goods) | 1,831 | 217,633 | |
Rivian Automotive, Inc. Class A (Automobiles) | (a) | 1,461 | 151,491 |
Service Corp. International (Diversified Consumer Svs.) | 2,219 | 157,527 | |
Target Corp. (Multiline Retail) | 4,418 | 1,022,502 | |
Tesla, Inc. (Automobiles) | (a) | 2,528 | 2,671,540 |
Tractor Supply Co. (Specialty Retail) | 973 | 232,158 | |
Travel + Leisure Co. (Hotels, Restaurants & Leisure) | 5,093 | 281,490 | |
Ulta Beauty, Inc. (Specialty Retail) | (a) | 201 | 82,880 |
Victoria's Secret & Co. (Specialty Retail) | (a) | 187 | 10,386 |
Whirlpool Corp. (Household Durables) | 573 | 134,460 | |
13,908,090 |
Common Stocks (Continued) | Shares | Value | |
Consumer Staples–3.4% | |||
Brown-Forman Corp. Class B (Beverages) | 1,044 | $ 76,066 | |
Coca-Cola Europacific Partners PLC (Beverages) | 4,411 | 246,707 | |
Colgate-Palmolive Co. (Household Products) | 1,689 | 144,139 | |
Costco Wholesale Corp. (Food & Staples Retailing) | 1,294 | 734,604 | |
Estee Lauder Cos., Inc. / The Class A (Personal Products) | 3,339 | 1,236,098 | |
Keurig Dr Pepper, Inc. (Beverages) | 9,208 | 339,407 | |
2,777,021 | |||
Energy–0.5% | |||
EOG Resources, Inc. (Oil, Gas & Consumable Fuels) | 3,075 | 273,152 | |
Schlumberger N.V. (Energy Equip. & Svs.) | 3,807 | 114,020 | |
387,172 | |||
Financials–2.8% | |||
American Express Co. (Consumer Finance) | 1,124 | 183,886 | |
Aon PLC Class A (Insurance) | 56 | 16,831 | |
Apollo Global Management, Inc. (Capital Markets) | (a) | 1,179 | 85,395 |
Marsh & McLennan Cos., Inc. (Insurance) | 3,063 | 532,411 | |
Moody's Corp. (Capital Markets) | 40 | 15,623 | |
MSCI, Inc. (Capital Markets) | 24 | 14,705 | |
S&P Global, Inc. (Capital Markets) | 2,494 | 1,176,993 | |
Stifel Financial Corp. (Capital Markets) | 330 | 23,239 | |
Upstart Holdings, Inc. (Consumer Finance) | (a) | 54 | 8,170 |
Voya Financial, Inc. (Diversified Financial Svs.) | 3,164 | 209,805 | |
2,267,058 | |||
Health Care–9.0% | |||
Abbott Laboratories (Health Care Equip. & Supplies) | 186 | 26,178 | |
AbbVie, Inc. (Biotechnology) | 1,225 | 165,865 | |
Agilent Technologies, Inc. (Life Sciences Tools & Svs.) | 7,302 | 1,165,764 | |
Align Technology, Inc. (Health Care Equip. & Supplies) | (a) | 298 | 195,840 |
Amgen, Inc. (Biotechnology) | 1,431 | 321,932 | |
Bruker Corp. (Life Sciences Tools & Svs.) | 2,215 | 185,861 | |
Danaher Corp. (Life Sciences Tools & Svs.) | 1,454 | 478,381 | |
Dexcom, Inc. (Health Care Equip. & Supplies) | (a) | 764 | 410,230 |
Eli Lilly & Co. (Pharmaceuticals) | 2,087 | 576,471 | |
IDEXX Laboratories, Inc. (Health Care Equip. & Supplies) | (a) | 1,864 | 1,227,369 |
Insulet Corp. (Health Care Equip. & Supplies) | (a) | 519 | 138,090 |
McKesson Corp. (Health Care Providers & Svs.) | 1,745 | 433,755 | |
Mettler-Toledo International, Inc. (Life Sciences Tools & Svs.) | (a) | 122 | 207,060 |
Moderna, Inc. (Biotechnology) | (a) | 355 | 90,163 |
Molina Healthcare, Inc. (Health Care Providers & Svs.) | (a) | 23 | 7,316 |
Regeneron Pharmaceuticals, Inc. (Biotechnology) | (a) | 26 | 16,419 |
West Pharmaceutical Services, Inc. (Health Care Equip. & Supplies) | 687 | 322,210 | |
Zoetis, Inc. (Pharmaceuticals) | 5,618 | 1,370,960 | |
7,339,864 | |||
Industrials–6.1% | |||
Axon Enterprise, Inc. (Aerospace & Defense) | (a) | 125 | 19,625 |
Builders FirstSource, Inc. (Building Products) | (a) | 105 | 9,000 |
C.H. Robinson Worldwide, Inc. (Air Freight & Logistics) | 3,827 | 411,900 | |
Caterpillar, Inc. (Machinery) | 368 | 76,080 | |
Delta Air Lines, Inc. (Airlines) | (a) | 2,164 | 84,569 |
Equifax, Inc. (Professional Svs.) | 1,282 | 375,357 |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Growth Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Industrials (continued) | |||
Expeditors International of Washington, Inc. (Air Freight & Logistics) | 1,371 | $ 184,112 | |
Fortive Corp. (Machinery) | 500 | 38,145 | |
Honeywell International, Inc. (Industrial Conglomerates) | 40 | 8,340 | |
Illinois Tool Works, Inc. (Machinery) | 5,079 | 1,253,497 | |
Landstar System, Inc. (Road & Rail) | 2,106 | 377,016 | |
Lyft, Inc. Class A (Road & Rail) | (a) | 509 | 21,750 |
Masco Corp. (Building Products) | 3,182 | 223,440 | |
Old Dominion Freight Line, Inc. (Road & Rail) | 1,009 | 361,605 | |
Otis Worldwide Corp. (Machinery) | 266 | 23,161 | |
SiteOne Landscape Supply, Inc. (Trading Companies & Distributors) | (a) | 2,322 | 562,574 |
Trane Technologies PLC (Building Products) | 478 | 96,570 | |
United Parcel Service, Inc. Class B (Air Freight & Logistics) | 3,256 | 697,891 | |
Waste Connections, Inc. (Commercial Svs. & Supplies) | 911 | 124,142 | |
4,948,774 | |||
Information Technology–45.9% | |||
Accenture PLC Class A (IT Svs.) | 558 | 231,319 | |
Adobe, Inc. (Software) | (a) | 3,089 | 1,751,648 |
Advanced Micro Devices, Inc. (Semiconductors & Equip.) | (a) | 7,986 | 1,149,185 |
Apple, Inc. (Tech. Hardware, Storage & Periph.) | 45,204 | 8,026,874 | |
Applied Materials, Inc. (Semiconductors & Equip.) | 4,147 | 652,572 | |
Atlassian Corp. PLC Class A (Software) | (a) | 393 | 149,847 |
Autodesk, Inc. (Software) | (a) | 63 | 17,715 |
Automatic Data Processing, Inc. (IT Svs.) | 2,914 | 718,534 | |
Broadridge Financial Solutions, Inc. (IT Svs.) | 336 | 61,428 | |
Cadence Design Systems, Inc. (Software) | (a) | 3,755 | 699,744 |
Cirrus Logic, Inc. (Semiconductors & Equip.) | (a) | 1,614 | 148,520 |
Cloudflare, Inc. Class A (IT Svs.) | (a) | 811 | 106,647 |
Crowdstrike Holdings, Inc. Class A (Software) | (a) | 1,239 | 253,685 |
Dell Technologies, Inc. Class C (Tech. Hardware, Storage & Periph.) | (a) | 18,430 | 1,035,213 |
EPAM Systems, Inc. (IT Svs.) | (a) | 534 | 356,952 |
Fidelity National Information Services, Inc. (IT Svs.) | 3,048 | 332,689 | |
Gartner, Inc. (IT Svs.) | (a) | 145 | 48,476 |
HashiCorp, Inc. Class A (Software) | (a) | 1,108 | 100,872 |
Hewlett Packard Enterprise Co. (Tech. Hardware, Storage & Periph.) | 940 | 14,824 | |
HP, Inc. (Tech. Hardware, Storage & Periph.) | 3,364 | 126,722 | |
HubSpot, Inc. (Software) | (a) | 367 | 241,908 |
Intel Corp. (Semiconductors & Equip.) | 5,897 | 303,695 | |
Intuit, Inc. (Software) | 2,433 | 1,564,954 | |
Keysight Technologies, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 2,309 | 476,832 |
KLA Corp. (Semiconductors & Equip.) | 638 | 274,410 | |
Lam Research Corp. (Semiconductors & Equip.) | 545 | 391,937 | |
Manhattan Associates, Inc. (Software) | (a) | 461 | 71,681 |
Marqeta, Inc. Class A (IT Svs.) | (a) | 1,572 | 26,991 |
Common Stocks (Continued) | Shares | Value | |
Information Technology (continued) | |||
Mastercard, Inc. Class A (IT Svs.) | 2,412 | $ 866,680 | |
Microsoft Corp. (Software) | 21,214 | 7,134,692 | |
NetApp, Inc. (Tech. Hardware, Storage & Periph.) | 2,233 | 205,414 | |
NVIDIA Corp. (Semiconductors & Equip.) | 8,424 | 2,477,583 | |
Okta, Inc. (IT Svs.) | (a) | 1,320 | 295,904 |
Paycom Software, Inc. (Software) | (a) | 37 | 15,362 |
Paylocity Holding Corp. (Software) | (a) | 60 | 14,170 |
PayPal Holdings, Inc. (IT Svs.) | (a) | 4,215 | 794,865 |
Pure Storage, Inc. Class A (Tech. Hardware, Storage & Periph.) | (a) | 4,949 | 161,090 |
QUALCOMM, Inc. (Semiconductors & Equip.) | 2,536 | 463,758 | |
Rapid7, Inc. (Software) | (a) | 782 | 92,034 |
salesforce.com, Inc. (Software) | (a) | 627 | 159,340 |
ServiceNow, Inc. (Software) | (a) | 1,662 | 1,078,821 |
Snowflake, Inc. Class A (IT Svs.) | (a) | 52 | 17,615 |
Texas Instruments, Inc. (Semiconductors & Equip.) | 1,144 | 215,610 | |
Visa, Inc. (IT Svs.) | 10,381 | 2,249,667 | |
VMware, Inc. Class A (Software) | 706 | 81,811 | |
Western Digital Corp. (Tech. Hardware, Storage & Periph.) | (a) | 556 | 36,257 |
Workday, Inc. Class A (Software) | (a) | 4,174 | 1,140,253 |
Xilinx, Inc. (Semiconductors & Equip.) | 838 | 177,681 | |
Zebra Technologies Corp. Class A (Electronic Equip., Instr. & Comp.) | (a) | 629 | 374,381 |
37,388,862 | |||
Materials–0.8% | |||
Ecolab, Inc. (Chemicals) | 2,201 | 516,333 | |
Vulcan Materials Co. (Construction Materials) | 628 | 130,360 | |
646,693 | |||
Real Estate–1.6% | |||
CBRE Group, Inc. Class A (Real Estate Mgmt. & Development) | (a) | 833 | 90,389 |
CubeSmart (Equity REIT) | 8,468 | 481,914 | |
Extra Space Storage, Inc. (Equity REIT) | 141 | 31,969 | |
Prologis, Inc. (Equity REIT) | 3,936 | 662,665 | |
Zillow Group, Inc. Class A (Real Estate Mgmt. & Development) | (a) | 201 | 12,506 |
1,279,443 | |||
Utilities–0.0% | |||
Sunnova Energy International, Inc. (Ind. Power & Renewable Elec.) | (a) | 1,958 | 54,667 |
Total Common Stocks (Cost $64,846,919) | $80,445,379 |
Money Market Funds–1.4% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.040% | (b) | 1,157,618 | $ 1,157,734 |
Total Money Market Funds (Cost $1,157,734) | $ 1,157,734 | ||
Total Investments – 100.2% (Cost $66,004,653) | (c) | $81,603,113 | |
Liabilities in Excess of Other Assets – (0.2)% | (d) | (142,936) | |
Net Assets – 100.0% | $81,460,177 |
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, 2021. | |
(c) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 7 of the Notes to Financial Statements. | |
(d) | Includes $51,000 of cash pledged as collateral for the futures contracts outstanding at December 31, 2021. See also the following Schedule of Open Futures Contracts. |
Ohio National Fund, Inc. | ON BlackRock Advantage Large Cap Growth Portfolio (Continued) |
Schedule of Open Futures Contracts | December 31, 2021 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
CME E-mini Nasdaq-100 Index - Long | 3 | March 18, 2022 | $969,729 | $979,245 | $9,516 | $(6,570) |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Unaudited) |
Average Annual returns | |
One year | 15.04% |
Five years | 15.47% |
Since inception (5/1/14) | 11.32% |
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, 2021. |
Portfolio Composition as of December 31, 2021 (1) | |
% of Net Assets | |
Common Stocks (4) | 49.3 |
Corporate Bonds (4) | 13.9 |
U.S. Treasury Obligations | 9.7 |
Purchased Options | 7.9 |
Asset-Backed / Mortgage-Backed Securities (4) | 7.8 |
Exchange Traded Funds | 2.8 |
U.S. Government Agency Mortgage-Backed Securities | 1.8 |
Preferred Securities (4) | 0.8 |
Sovereign Issues | 0.7 |
Taxable Municipal Bonds | 0.1 |
Money Market Funds and Other Net Assets | 5.2 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2021 (1) (2) (3) | ||
% of Net Assets | ||
1. | Microsoft Corp. | 4.2 |
2. | Alphabet, Inc. Class C | 3.5 |
3. | SPDR S&P 500 ETF Trust | 2.8 |
4. | Amazon.com, Inc. | 2.1 |
5. | Meta Platforms, Inc. Class A | 1.9 |
6. | UnitedHealth Group, Inc. | 1.8 |
7. | U.S. Treasury Note 0.500%, 03/31/2025 | 1.7 |
8. | Visa, Inc. | 1.7 |
9. | U.S. Treasury Note 1.750%, 08/15/2041 | 1.6 |
10. | Home Depot, Inc. / The | 1.3 |
(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 | 18.6 |
Financials | 13.7 |
Health Care | 9.1 |
Consumer Discretionary | 8.5 |
Communication Services | 8.0 |
Consumer Staples | 4.5 |
Industrials | 3.8 |
Utilities | 2.2 |
Energy | 1.4 |
Materials | 1.2 |
Real Estate | 0.8 |
71.8 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio |
Schedule of Investments | December 31, 2021 |
Common Stocks–49.3% | Shares | Value | |
Communication Services–6.4% | |||
Alphabet, Inc. Class C (Interactive Media & Svs.) | (a) | 5,343 | $ 15,460,451 |
Comcast Corp. Class A (Media) | 16,447 | 827,777 | |
Electronic Arts, Inc. (Entertainment) | 9,112 | 1,201,873 | |
Meta Platforms, Inc. Class A (Interactive Media & Svs.) | (a) | 24,725 | 8,316,254 |
Pinterest, Inc. Class A (Interactive Media & Svs.) | (a) | 7,046 | 256,122 |
Take-Two Interactive Software, Inc. (Entertainment) | (a) | 6,665 | 1,184,504 |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 24,157 | 1,255,198 | |
28,502,179 | |||
Consumer Discretionary–6.5% | |||
Amazon.com, Inc. (Internet & Direct Marketing Retail) | (a) | 2,860 | 9,536,212 |
AutoZone, Inc. (Specialty Retail) | (a) | 1,474 | 3,090,079 |
Burlington Stores, Inc. (Specialty Retail) | (a) | 3,806 | 1,109,487 |
Carter's, Inc. (Textiles, Apparel & Luxury Goods) | 4,460 | 451,441 | |
Deckers Outdoor Corp. (Textiles, Apparel & Luxury Goods) | (a) | 2,378 | 871,085 |
Dollar General Corp. (Multiline Retail) | 1,436 | 338,652 | |
Domino's Pizza, Inc. (Hotels, Restaurants & Leisure) | 1,940 | 1,094,800 | |
Etsy, Inc. (Internet & Direct Marketing Retail) | (a) | 4,102 | 898,092 |
Garmin Ltd. (Household Durables) | 3,480 | 473,872 | |
Home Depot, Inc. / The (Specialty Retail) | 14,020 | 5,818,440 | |
NIKE, Inc. Class B (Textiles, Apparel & Luxury Goods) | 18,299 | 3,049,894 | |
O'Reilly Automotive, Inc. (Specialty Retail) | (a) | 2,734 | 1,930,833 |
Ross Stores, Inc. (Specialty Retail) | 3,470 | 396,552 | |
29,059,439 | |||
Consumer Staples–3.2% | |||
Altria Group, Inc. (Tobacco) | 10,300 | 488,117 | |
Coca-Cola Co. / The (Beverages) | 20,278 | 1,200,660 | |
Colgate-Palmolive Co. (Household Products) | 4,720 | 402,805 | |
Costco Wholesale Corp. (Food & Staples Retailing) | 7,004 | 3,976,171 | |
Koninklijke Ahold Delhaize N.V. – ADR (Food & Staples Retailing) | 26,270 | 903,688 | |
Monster Beverage Corp. (Beverages) | (a) | 27,122 | 2,604,797 |
Philip Morris International, Inc. (Tobacco) | 14,600 | 1,387,000 | |
Procter & Gamble Co. / The (Household Products) | 10,638 | 1,740,164 | |
Walmart, Inc. (Food & Staples Retailing) | 12,322 | 1,782,870 | |
14,486,272 | |||
Energy–0.2% | |||
Royal Dutch Shell PLC Class B – ADR (Oil, Gas & Consumable Fuels) | 21,137 | 916,289 | |
Financials–2.6% | |||
CME Group, Inc. (Capital Markets) | 5,267 | 1,203,299 | |
Everest Re Group Ltd. (Insurance) | 3,200 | 876,544 | |
Houlihan Lokey, Inc. (Capital Markets) | 11,000 | 1,138,720 | |
Intercontinental Exchange, Inc. (Capital Markets) | 10,389 | 1,420,904 | |
JPMorgan Chase & Co. (Banks) | 11,025 | 1,745,809 | |
MarketAxess Holdings, Inc. (Capital Markets) | 651 | 267,737 | |
Marsh & McLennan Cos., Inc. (Insurance) | 4,150 | 721,353 | |
Progressive Corp. / The (Insurance) | 13,205 | 1,355,493 | |
S&P Global, Inc. (Capital Markets) | 3,981 | 1,878,753 | |
T. Rowe Price Group, Inc. (Capital Markets) | 2,346 | 461,317 | |
U.S. Bancorp (Banks) | 8,711 | 489,297 | |
11,559,226 | |||
Health Care–8.4% | |||
AbbVie, Inc. (Biotechnology) | 10,000 | 1,354,000 | |
ABIOMED, Inc. (Health Care Equip. & Supplies) | (a) | 1,687 | 605,920 |
Align Technology, Inc. (Health Care Equip. & Supplies) | (a) | 3,545 | 2,329,703 |
Anthem, Inc. (Health Care Providers & Svs.) | 2,532 | 1,173,683 | |
Edwards Lifesciences Corp. (Health Care Equip. & Supplies) | (a) | 18,659 | 2,417,273 |
Eli Lilly & Co. (Pharmaceuticals) | 3,871 | 1,069,248 | |
IDEXX Laboratories, Inc. (Health Care Equip. & Supplies) | (a) | 2,430 | 1,600,058 |
Illumina, Inc. (Life Sciences Tools & Svs.) | (a) | 1,640 | 623,922 |
Intuitive Surgical, Inc. (Health Care Equip. & Supplies) | (a) | 9,966 | 3,580,784 |
Johnson & Johnson (Pharmaceuticals) | 4,570 | 781,790 | |
Medtronic PLC (Health Care Equip. & Supplies) | 3,961 | 409,765 | |
Merck & Co., Inc. (Pharmaceuticals) | 21,564 | 1,652,665 | |
Mettler-Toledo International, Inc. (Life Sciences Tools & Svs.) | (a) | 300 | 509,163 |
Roche Holding AG – ADR (Pharmaceuticals) | 26,000 | 1,343,940 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
Thermo Fisher Scientific, Inc. (Life Sciences Tools & Svs.) | 1,920 | $ 1,281,101 | |
UnitedHealth Group, Inc. (Health Care Providers & Svs.) | 15,794 | 7,930,799 | |
Veeva Systems, Inc. Class A (Health Care Technology) | (a) | 3,330 | 850,748 |
Vertex Pharmaceuticals, Inc. (Biotechnology) | (a) | 15,276 | 3,354,609 |
Zoetis, Inc. (Pharmaceuticals) | 20,062 | 4,895,730 | |
37,764,901 | |||
Industrials–2.5% | |||
Allegion PLC (Building Products) | 9,770 | 1,293,939 | |
AMETEK, Inc. (Electrical Equip.) | 5,170 | 760,197 | |
Copart, Inc. (Commercial Svs. & Supplies) | (a) | 13,246 | 2,008,358 |
Generac Holdings, Inc. (Electrical Equip.) | (a) | 1,390 | 489,169 |
IDEX Corp. (Machinery) | 3,050 | 720,776 | |
Northrop Grumman Corp. (Aerospace & Defense) | 4,010 | 1,552,151 | |
Oshkosh Corp. (Machinery) | 4,620 | 520,720 | |
Regal Rexnord Corp. (Electrical Equip.) | 2,810 | 478,206 | |
RELX PLC – ADR (Professional Svs.) | 17,130 | 558,609 | |
Roper Technologies, Inc. (Industrial Conglomerates) | 4,116 | 2,024,496 | |
Trex Co., Inc. (Building Products) | (a) | 5,403 | 729,567 |
11,136,188 | |||
Information Technology–17.5% | |||
Adobe, Inc. (Software) | (a) | 7,897 | 4,478,073 |
Amdocs Ltd. (IT Svs.) | 6,410 | 479,724 | |
Amphenol Corp. Class A (Electronic Equip., Instr. & Comp.) | 12,618 | 1,103,570 | |
Analog Devices, Inc. (Semiconductors & Equip.) | 5,500 | 966,735 | |
Apple, Inc. (Tech. Hardware, Storage & Periph.) | 22,927 | 4,071,147 | |
Arista Networks, Inc. (Communications Equip.) | (a) | 14,516 | 2,086,675 |
ASML Holding N.V. (Semiconductors & Equip.) | 1,770 | 1,409,168 | |
Automatic Data Processing, Inc. (IT Svs.) | 3,293 | 811,988 | |
Booz Allen Hamilton Holding Corp. (IT Svs.) | 12,770 | 1,082,768 | |
Broadcom, Inc. (Semiconductors & Equip.) | 2,430 | 1,616,946 | |
CDW Corp. (Electronic Equip., Instr. & Comp.) | 5,824 | 1,192,639 | |
Citrix Systems, Inc. (Software) | 5,668 | 536,136 | |
Cognex Corp. (Electronic Equip., Instr. & Comp.) | 7,400 | 575,424 | |
Entegris, Inc. (Semiconductors & Equip.) | 381 | 52,799 | |
EPAM Systems, Inc. (IT Svs.) | (a) | 2,247 | 1,502,007 |
Fidelity National Information Services, Inc. (IT Svs.) | 9,225 | 1,006,909 | |
Fortinet, Inc. (Software) | (a) | 4,233 | 1,521,340 |
Genpact Ltd. (IT Svs.) | 19,490 | 1,034,529 | |
IPG Photonics Corp. (Electronic Equip., Instr. & Comp.) | (a) | 5,676 | 977,067 |
KLA Corp. (Semiconductors & Equip.) | 2,298 | 988,393 | |
Mastercard, Inc. Class A (IT Svs.) | 2,638 | 947,886 | |
Microsoft Corp. (Software) | 56,489 | 18,998,380 | |
Motorola Solutions, Inc. (Communications Equip.) | 4,070 | 1,105,819 | |
NortonLifeLock, Inc. (Software) | 52,310 | 1,359,014 | |
NVIDIA Corp. (Semiconductors & Equip.) | 11,124 | 3,271,680 | |
Oracle Corp. (Software) | 25,565 | 2,229,524 | |
Paychex, Inc. (IT Svs.) | 17,771 | 2,425,741 | |
PayPal Holdings, Inc. (IT Svs.) | (a) | 12,550 | 2,366,679 |
PTC, Inc. (Software) | (a) | 5,639 | 683,165 |
QUALCOMM, Inc. (Semiconductors & Equip.) | 27,365 | 5,004,238 | |
ServiceNow, Inc. (Software) | (a) | 850 | 551,744 |
Texas Instruments, Inc. (Semiconductors & Equip.) | 5,544 | 1,044,878 | |
Tyler Technologies, Inc. (Software) | (a) | 1,120 | 602,504 |
Visa, Inc. (IT Svs.) | 35,126 | 7,612,155 | |
Xilinx, Inc. (Semiconductors & Equip.) | 10,955 | 2,322,789 | |
78,020,233 | |||
Materials–0.5% | |||
Sherwin-Williams Co. / The (Chemicals) | 6,560 | 2,310,169 | |
Real Estate–0.3% | |||
American Campus Communities, Inc. (Equity REIT) | 6,030 | 345,459 | |
Sun Communities, Inc. (Equity REIT) | 3,970 | 833,581 | |
1,179,040 | |||
Utilities–1.2% | |||
Alliant Energy Corp. (Electric Utilities) | 19,482 | 1,197,559 | |
Ameren Corp. (Multi-Utilities) | 14,421 | 1,283,613 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Common Stocks (Continued) | Shares | Value | |
Utilities (continued) | |||
American Electric Power Co., Inc. (Electric Utilities) | 12,980 | $ 1,154,831 | |
Dominion Energy, Inc. (Multi-Utilities) | 6,070 | 476,859 | |
NextEra Energy, Inc. (Electric Utilities) | 12,640 | 1,180,070 | |
5,292,932 | |||
Total Common Stocks (Cost $138,354,114) | $220,226,868 |
Corporate Bonds–13.9% | Rate | Maturity | Face Amount | Value | |
Communication Services–1.6% | |||||
AT&T, Inc. (Diversified Telecom. Svs.) | 4.300% | 12/15/2042 | $ 118,000 | $ 133,221 | |
AT&T, Inc. (Diversified Telecom. Svs.) | 3.500% | 09/15/2053 | 130,000 | 131,156 | |
AT&T, Inc. (Diversified Telecom. Svs.) | 3.550% | 09/15/2055 | 123,000 | 123,446 | |
AT&T, Inc. (Diversified Telecom. Svs.) | 3.800% | 12/01/2057 | 208,000 | 216,541 | |
AT&T, Inc. (Diversified Telecom. Svs.) | 3.650% | 09/15/2059 | 33,000 | 33,326 | |
Baidu, Inc. (Interactive Media & Svs.) | 1.625% | 02/23/2027 | 477,000 | 464,079 | |
Cable One, Inc. (Media) | (b) | 4.000% | 11/15/2030 | 129,000 | 126,420 |
CCO Holdings LLC / CCO Holdings Capital Corp. (Media) | (b) | 4.500% | 08/15/2030 | 59,000 | 60,368 |
CCO Holdings LLC / CCO Holdings Capital Corp. (Media) | (b) | 4.500% | 06/01/2033 | 209,000 | 213,228 |
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. (Media) | 5.050% | 03/30/2029 | 519,000 | 594,153 | |
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. (Media) | 2.800% | 04/01/2031 | 502,000 | 496,725 | |
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. (Media) | 6.484% | 10/23/2045 | 62,000 | 84,666 | |
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. (Media) | 5.375% | 05/01/2047 | 49,000 | 58,487 | |
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. (Media) | 4.800% | 03/01/2050 | 265,000 | 296,703 | |
Comcast Corp. (Media) | 3.300% | 04/01/2027 | 218,000 | 234,312 | |
Comcast Corp. (Media) | 3.750% | 04/01/2040 | 87,000 | 97,399 | |
Comcast Corp. (Media) | (b) | 2.887% | 11/01/2051 | 156,000 | 151,006 |
Discovery Communications LLC (Media) | 5.200% | 09/20/2047 | 75,000 | 92,968 | |
Discovery Communications LLC (Media) | 5.300% | 05/15/2049 | 35,000 | 43,821 | |
Discovery Communications LLC (Media) | 4.650% | 05/15/2050 | 27,000 | 31,674 | |
DISH DBS Corp. (Media) | (b) | 5.250% | 12/01/2026 | 223,000 | 226,520 |
DISH DBS Corp. (Media) | (b) | 5.750% | 12/01/2028 | 158,000 | 159,580 |
Fox Corp. (Media) | 5.576% | 01/25/2049 | 178,000 | 242,952 | |
Level 3 Financing, Inc. (Diversified Telecom. Svs.) | (b) | 3.875% | 11/15/2029 | 309,000 | 314,408 |
Lumen Technologies, Inc. (Diversified Telecom. Svs.) | 5.800% | 03/15/2022 | 102,000 | 102,765 | |
Netflix, Inc. (Entertainment) | 5.875% | 11/15/2028 | 310,000 | 372,775 | |
Sirius XM Radio, Inc. (Media) | (b) | 4.000% | 07/15/2028 | 223,000 | 224,247 |
Tencent Holdings Ltd. (Interactive Media & Svs.) | (b) | 1.810% | 01/26/2026 | 201,000 | 200,704 |
Tencent Holdings Ltd. (Interactive Media & Svs.) | 2.390% | 06/03/2030 | 200,000 | 195,950 | |
Tencent Holdings Ltd. (Interactive Media & Svs.) | (b) | 3.240% | 06/03/2050 | 201,000 | 189,540 |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | 2.625% | 04/15/2026 | 70,000 | 70,350 | |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | 2.625% | 02/15/2029 | 46,000 | 45,310 | |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | (b) | 3.375% | 04/15/2029 | 28,000 | 28,530 |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | 3.875% | 04/15/2030 | 226,000 | 247,188 | |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | 2.875% | 02/15/2031 | 143,000 | 141,227 | |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | 4.375% | 04/15/2040 | 78,000 | 89,168 | |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | 4.500% | 04/15/2050 | 91,000 | 106,507 | |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 3.150% | 03/22/2030 | 108,000 | 114,259 | |
Weibo Corp. (Interactive Media & Svs.) | 3.375% | 07/08/2030 | 527,000 | 521,801 | |
7,277,480 | |||||
Consumer Discretionary–1.9% | |||||
1011778 B.C. ULC / New Red Finance, Inc. (Hotels, Restaurants & Leisure) | (b) | 3.500% | 02/15/2029 | 270,000 | 267,219 |
Advance Auto Parts, Inc. (Specialty Retail) | 3.900% | 04/15/2030 | 344,000 | 375,192 | |
Alibaba Group Holding Ltd. (Internet & Direct Marketing Retail) | 2.125% | 02/09/2031 | 459,000 | 443,138 | |
AutoZone, Inc. (Specialty Retail) | 3.750% | 04/18/2029 | 303,000 | 330,683 | |
Booking Holdings, Inc. (Hotels, Restaurants & Leisure) | 4.625% | 04/13/2030 | 404,000 | 472,162 | |
Carnival Corp. (Hotels, Restaurants & Leisure) | (b) | 4.000% | 08/01/2028 | 237,000 | 235,222 |
Expedia Group, Inc. (Hotels, Restaurants & Leisure) | 4.625% | 08/01/2027 | 164,000 | 182,625 | |
General Motors Co. (Automobiles) | 6.125% | 10/01/2025 | 79,000 | 90,750 | |
General Motors Co. (Automobiles) | 4.200% | 10/01/2027 | 94,000 | 102,867 | |
General Motors Co. (Automobiles) | 6.800% | 10/01/2027 | 107,000 | 131,335 | |
General Motors Co. (Automobiles) | 5.000% | 10/01/2028 | 269,000 | 308,484 | |
General Motors Co. (Automobiles) | 5.400% | 04/01/2048 | 90,000 | 114,819 | |
GLP Capital LP / GLP Financing II, Inc. (Hotels, Restaurants & Leisure) | 3.250% | 01/15/2032 | 193,000 | 194,040 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Consumer Discretionary (continued) | |||||
Hasbro, Inc. (Leisure Products) | 3.900% | 11/19/2029 | $ 519,000 | $ 572,216 | |
InRetail Consumer (Multiline Retail) | (b) | 3.250% | 03/22/2028 | 229,000 | 226,712 |
Las Vegas Sands Corp. (Hotels, Restaurants & Leisure) | 3.900% | 08/08/2029 | 354,000 | 356,468 | |
Levi Strauss & Co. (Textiles, Apparel & Luxury Goods) | (b) | 3.500% | 03/01/2031 | 153,000 | 156,003 |
Marriott International, Inc. (Hotels, Restaurants & Leisure) | 5.750% | 05/01/2025 | 361,000 | 406,357 | |
Mattel, Inc. (Leisure Products) | (b) | 3.375% | 04/01/2026 | 128,000 | 131,267 |
Mattel, Inc. (Leisure Products) | (b) | 3.750% | 04/01/2029 | 127,000 | 131,604 |
McDonald's Corp. (Hotels, Restaurants & Leisure) | 3.500% | 07/01/2027 | 272,000 | 294,971 | |
McDonald's Corp. (Hotels, Restaurants & Leisure) | 2.625% | 09/01/2029 | 294,000 | 303,268 | |
McDonald's Corp. (Hotels, Restaurants & Leisure) | 3.625% | 09/01/2049 | 90,000 | 99,515 | |
MDC Holdings, Inc. (Household Durables) | 6.000% | 01/15/2043 | 150,000 | 189,755 | |
Newell Brands, Inc. (Household Durables) | 4.875% | 06/01/2025 | 27,000 | 29,430 | |
Newell Brands, Inc. (Household Durables) | 4.700% | 04/01/2026 | 113,000 | 123,199 | |
NIKE, Inc. (Textiles, Apparel & Luxury Goods) | 2.400% | 03/27/2025 | 98,000 | 101,456 | |
NIKE, Inc. (Textiles, Apparel & Luxury Goods) | 2.750% | 03/27/2027 | 152,000 | 161,029 | |
Nissan Motor Co. Ltd. (Automobiles) | (b) | 4.345% | 09/17/2027 | 430,000 | 464,205 |
O'Reilly Automotive, Inc. (Specialty Retail) | 3.600% | 09/01/2027 | 6,000 | 6,485 | |
O'Reilly Automotive, Inc. (Specialty Retail) | 4.350% | 06/01/2028 | 47,000 | 53,015 | |
O'Reilly Automotive, Inc. (Specialty Retail) | 3.900% | 06/01/2029 | 232,000 | 256,075 | |
Prosus N.V. (Internet & Direct Marketing Retail) | (b) | 3.680% | 01/21/2030 | 216,000 | 222,299 |
Ross Stores, Inc. (Specialty Retail) | 4.700% | 04/15/2027 | 280,000 | 316,185 | |
Royal Caribbean Cruises Ltd. (Hotels, Restaurants & Leisure) | (b) | 10.875% | 06/01/2023 | 136,000 | 148,581 |
Royal Caribbean Cruises Ltd. (Hotels, Restaurants & Leisure) | (b) | 11.500% | 06/01/2025 | 143,000 | 160,160 |
Wynn Macau Ltd. (Hotels, Restaurants & Leisure) | (b) | 5.625% | 08/26/2028 | 292,000 | 270,388 |
8,429,179 | |||||
Consumer Staples–1.3% | |||||
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC (Food & Staples Retailing) | (b) | 3.500% | 03/15/2029 | 156,000 | 156,306 |
Alimentation Couche-Tard, Inc. (Food & Staples Retailing) | (b) | 2.950% | 01/25/2030 | 77,000 | 79,536 |
Altria Group, Inc. (Tobacco) | 4.800% | 02/14/2029 | 106,000 | 119,562 | |
Altria Group, Inc. (Tobacco) | 3.400% | 05/06/2030 | 280,000 | 289,698 | |
Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 3.500% | 06/01/2030 | 570,000 | 624,749 | |
Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 4.350% | 06/01/2040 | 190,000 | 223,310 | |
B.A.T. Capital Corp. (Tobacco) | 4.700% | 04/02/2027 | 180,000 | 198,009 | |
B.A.T. Capital Corp. (Tobacco) | 2.259% | 03/25/2028 | 435,000 | 423,879 | |
Campbell Soup Co. (Food Products) | 3.950% | 03/15/2025 | 113,000 | 120,819 | |
Cargill, Inc. (Food Products) | (b) | 1.375% | 07/23/2023 | 77,000 | 77,603 |
Cargill, Inc. (Food Products) | (b) | 2.125% | 04/23/2030 | 113,000 | 111,748 |
Cencosud SA (Food & Staples Retailing) | 5.150% | 02/12/2025 | 276,000 | 298,080 | |
Coca-Cola Co. / The (Beverages) | 3.375% | 03/25/2027 | 263,000 | 284,083 | |
Coca-Cola Co. / The (Beverages) | 3.450% | 03/25/2030 | 182,000 | 201,490 | |
Estee Lauder Cos., Inc. / The (Personal Products) | 2.600% | 04/15/2030 | 412,000 | 427,013 | |
Fomento Economico Mexicano S.A.B de C.V. (Beverages) | 3.500% | 01/16/2050 | 182,000 | 190,299 | |
J.M. Smucker Co. / The (Food Products) | 2.375% | 03/15/2030 | 165,000 | 165,338 | |
JBS U.S.A. LUX SA / JBS U.S.A. Finance, Inc. (Food Products) | (b) | 6.750% | 02/15/2028 | 76,000 | 81,986 |
Kimberly-Clark de Mexico S.A.B de C.V. (Household Products) | (b) | 2.431% | 07/01/2031 | 274,000 | 270,770 |
Mars, Inc. (Food Products) | (b) | 2.700% | 04/01/2025 | 113,000 | 117,504 |
Mars, Inc. (Food Products) | (b) | 3.200% | 04/01/2030 | 28,000 | 30,152 |
Mondelez International Holdings Netherlands B.V. (Food Products) | (b) | 2.250% | 09/19/2024 | 249,000 | 254,577 |
Mondelez International, Inc. (Food Products) | 2.750% | 04/13/2030 | 41,000 | 42,251 | |
Natura Cosmeticos SA (Personal Products) | (b) | 4.125% | 05/03/2028 | 230,000 | 225,687 |
PepsiCo, Inc. (Beverages) | 2.250% | 03/19/2025 | 187,000 | 193,227 | |
PepsiCo, Inc. (Beverages) | 2.625% | 03/19/2027 | 58,000 | 60,729 | |
Procter & Gamble Co. / The (Household Products) | 2.800% | 03/25/2027 | 119,000 | 125,838 | |
Procter & Gamble Co. / The (Household Products) | 3.000% | 03/25/2030 | 68,000 | 73,908 | |
Sysco Corp. (Food & Staples Retailing) | 2.400% | 02/15/2030 | 72,000 | 72,211 | |
Sysco Corp. (Food & Staples Retailing) | 5.950% | 04/01/2030 | 314,000 | 391,934 | |
5,932,296 | |||||
Energy–1.2% | |||||
BP Capital Markets America, Inc. (Oil, Gas & Consumable Fuels) | 2.939% | 06/04/2051 | 479,000 | 459,775 | |
Cenovus Energy, Inc. (Oil, Gas & Consumable Fuels) | 4.400% | 04/15/2029 | 164,000 | 181,445 | |
Cheniere Corpus Christi Holdings LLC (Oil, Gas & Consumable Fuels) | 3.700% | 11/15/2029 | 557,000 | 596,634 | |
Continental Resources, Inc. (Oil, Gas & Consumable Fuels) | (b) | 5.750% | 01/15/2031 | 161,000 | 189,597 |
Continental Resources, Inc. (Oil, Gas & Consumable Fuels) | (b) | 2.875% | 04/01/2032 | 218,000 | 213,259 |
Devon Energy Corp. (Oil, Gas & Consumable Fuels) | 4.500% | 01/15/2030 | 287,000 | 308,122 | |
Devon Energy Corp. (Oil, Gas & Consumable Fuels) | 5.600% | 07/15/2041 | 195,000 | 244,593 | |
Enbridge Energy Partners LP (Oil, Gas & Consumable Fuels) | 7.375% | 10/15/2045 | 263,000 | 410,131 | |
Energy Transfer LP (Oil, Gas & Consumable Fuels) | 5.875% | 01/15/2024 | 127,000 | 136,687 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Energy (continued) | |||||
Energy Transfer LP (Oil, Gas & Consumable Fuels) | 6.250% | 04/15/2049 | $ 196,000 | $ 256,027 | |
Hess Corp. (Oil, Gas & Consumable Fuels) | 4.300% | 04/01/2027 | 258,000 | 280,975 | |
Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels) | 4.300% | 03/01/2028 | 69,000 | 76,673 | |
Marathon Petroleum Corp. (Oil, Gas & Consumable Fuels) | 6.500% | 03/01/2041 | 67,000 | 92,117 | |
ONEOK Partners LP (Oil, Gas & Consumable Fuels) | 6.125% | 02/01/2041 | 25,000 | 31,497 | |
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 6.350% | 01/15/2031 | 127,000 | 159,430 | |
Plains All American Pipeline LP / PAA Finance Corp. (Oil, Gas & Consumable Fuels) | 3.550% | 12/15/2029 | 136,000 | 140,886 | |
Suncor Energy, Inc. (Oil, Gas & Consumable Fuels) | 6.800% | 05/15/2038 | 223,000 | 310,870 | |
Tengizchevroil Finance Co. International Ltd. (Oil, Gas & Consumable Fuels) | (b) | 3.250% | 08/15/2030 | 205,000 | 204,682 |
TransCanada PipeLines Ltd. (Oil, Gas & Consumable Fuels) | 4.100% | 04/15/2030 | 413,000 | 460,694 | |
TransCanada PipeLines Ltd. (Oil, Gas & Consumable Fuels) | 6.100% | 06/01/2040 | 235,000 | 325,606 | |
5,079,700 | |||||
Financials–2.7% | |||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Diversified Financial Svs.) | 6.500% | 07/15/2025 | 271,000 | 309,683 | |
Alleghany Corp. (Insurance) | 3.625% | 05/15/2030 | 291,000 | 315,478 | |
Aviation Capital Group LLC (Diversified Financial Svs.) | (b) | 4.375% | 01/30/2024 | 50,000 | 52,428 |
Aviation Capital Group LLC (Diversified Financial Svs.) | (b) | 5.500% | 12/15/2024 | 148,000 | 161,925 |
Aviation Capital Group LLC (Diversified Financial Svs.) | (b) | 4.125% | 08/01/2025 | 3,000 | 3,163 |
Aviation Capital Group LLC (Diversified Financial Svs.) | (b) | 4.875% | 10/01/2025 | 57,000 | 61,602 |
Aviation Capital Group LLC (Diversified Financial Svs.) | (b) | 1.950% | 01/30/2026 | 181,000 | 176,543 |
Aviation Capital Group LLC (Diversified Financial Svs.) | (b) | 1.950% | 09/20/2026 | 60,000 | 58,277 |
Aviation Capital Group LLC (Diversified Financial Svs.) | (b) | 3.500% | 11/01/2027 | 50,000 | 51,259 |
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 | 240,952 |
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 | 543,701 |
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 | 193,678 |
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 | 684,899 |
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 | 314,918 |
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 | 342,554 |
Charles Schwab Corp. / The (Capital Markets) | 4.625% | 03/22/2030 | 299,000 | 353,811 | |
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 | 617,976 |
Citigroup, Inc. (Rate is fixed until 04/23/2028, at which point, the rate becomes QL + 119) (Banks) | (c) | 4.075% | 04/23/2029 | 212,000 | 233,793 |
Citigroup, Inc. (Rate is fixed until 03/20/2029, at which point, the rate becomes QL + 134) (Banks) | (c) | 3.980% | 03/20/2030 | 145,000 | 160,064 |
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 | 433,983 |
Citizens Financial Group, Inc. (Banks) | 2.638% | 09/30/2032 | 114,000 | 112,608 | |
Credit Suisse Group AG (Rate is fixed until 05/14/2031, at which point, the rate becomes SOFR + 173) (Capital Markets) | (b)(c) | 3.091% | 05/14/2032 | 280,000 | 284,915 |
General Motors Financial Co., Inc. (Consumer Finance) | 4.350% | 04/09/2025 | 177,000 | 190,431 | |
General Motors Financial Co., Inc. (Consumer Finance) | 4.300% | 07/13/2025 | 54,000 | 58,209 | |
General Motors Financial Co., Inc. (Consumer Finance) | 4.350% | 01/17/2027 | 99,000 | 109,059 | |
Goldman Sachs Group, Inc. / The (Rate is fixed until 04/22/2031, at which point, the rate becomes SOFR + 128) (Capital Markets) | (c) | 2.615% | 04/22/2032 | 306,000 | 308,198 |
Goldman Sachs Group, Inc. / The (Rate is fixed until 07/21/2031, at which point, the rate becomes SOFR + 125) (Capital Markets) | (c) | 2.383% | 07/21/2032 | 103,000 | 101,413 |
Harley-Davidson Financial Services, Inc. (Consumer Finance) | (b) | 3.350% | 06/08/2025 | 406,000 | 425,331 |
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 | 228,807 |
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 | 522,051 |
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 | 223,991 |
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 | 197,883 |
JPMorgan Chase & Co. (Rate is fixed until 04/22/2031, at which point, the rate becomes SOFR + 125) (Banks) | (c) | 2.580% | 04/22/2032 | 458,000 | 463,885 |
Morgan Stanley (Capital Markets) | 3.950% | 04/23/2027 | 396,000 | 435,949 | |
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 | 464,940 |
SLM Corp. (Consumer Finance) | 4.200% | 10/29/2025 | 233,000 | 243,485 | |
Swiss Re Finance Luxembourg SA (Rate is fixed until 04/02/2029, at which point, the rate becomes H15T5Y + 358) (Insurance) | (c) | 5.000% | 04/02/2049 | 200,000 | 223,750 |
Synchrony Financial (Consumer Finance) | 2.875% | 10/28/2031 | 205,000 | 204,572 | |
UniCredit SpA (Rate is fixed until 06/03/2031, at which point, the rate becomes H15T1Y + 155) (Banks) | (b)(c) | 3.127% | 06/03/2032 | 200,000 | 197,691 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Financials (continued) | |||||
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 | $ 660,715 |
Wells Fargo & Co. (Rate is fixed until 10/30/2029, at which point, the rate becomes SOFR + 143) (Banks) | (c) | 2.879% | 10/30/2030 | 298,000 | 309,797 |
Wells Fargo & Co. (Rate is fixed until 04/04/2030, at which point, the rate becomes SOFR + 403) (Banks) | (c) | 4.478% | 04/04/2031 | 545,000 | 633,136 |
11,911,503 | |||||
Health Care–0.7% | |||||
AbbVie, Inc. (Biotechnology) | 3.450% | 03/15/2022 | 292,000 | 292,267 | |
AbbVie, Inc. (Biotechnology) | 3.250% | 10/01/2022 | 175,000 | 177,360 | |
AbbVie, Inc. (Biotechnology) | 2.800% | 03/15/2023 | 14,000 | 14,267 | |
AbbVie, Inc. (Biotechnology) | 2.600% | 11/21/2024 | 165,000 | 171,209 | |
AbbVie, Inc. (Biotechnology) | 3.800% | 03/15/2025 | 210,000 | 223,540 | |
Boston Scientific Corp. (Health Care Equip. & Supplies) | 3.750% | 03/01/2026 | 137,000 | 147,173 | |
Boston Scientific Corp. (Health Care Equip. & Supplies) | 4.000% | 03/01/2029 | 71,000 | 78,844 | |
Bristol-Myers Squibb Co. (Pharmaceuticals) | 3.400% | 07/26/2029 | 125,000 | 136,876 | |
Centene Corp. (Health Care Providers & Svs.) | 4.625% | 12/15/2029 | 376,000 | 405,501 | |
Centene Corp. (Health Care Providers & Svs.) | 3.375% | 02/15/2030 | 212,000 | 215,899 | |
Cigna Corp. (Health Care Providers & Svs.) | 2.400% | 03/15/2030 | 114,000 | 115,006 | |
Cigna Corp. (Health Care Providers & Svs.) | 3.200% | 03/15/2040 | 52,000 | 53,868 | |
Cigna Corp. (Health Care Providers & Svs.) | 3.400% | 03/15/2050 | 78,000 | 80,960 | |
CVS Health Corp. (Health Care Providers & Svs.) | 3.000% | 08/15/2026 | 33,000 | 34,845 | |
CVS Health Corp. (Health Care Providers & Svs.) | 4.300% | 03/25/2028 | 40,000 | 44,887 | |
CVS Health Corp. (Health Care Providers & Svs.) | 4.125% | 04/01/2040 | 141,000 | 161,881 | |
DH Europe Finance II SARL (Health Care Equip. & Supplies) | 2.200% | 11/15/2024 | 129,000 | 131,821 | |
DH Europe Finance II SARL (Health Care Equip. & Supplies) | 2.600% | 11/15/2029 | 71,000 | 73,357 | |
Jazz Securities DAC (Pharmaceuticals) | (b) | 4.375% | 01/15/2029 | 230,000 | 238,151 |
Mozart Debt Merger Sub, Inc. (Health Care Equip. & Supplies) | (b) | 3.875% | 04/01/2029 | 240,000 | 239,153 |
Pfizer, Inc. (Pharmaceuticals) | 2.625% | 04/01/2030 | 80,000 | 84,285 | |
3,121,150 | |||||
Industrials–1.2% | |||||
Air Lease Corp. (Trading Companies & Distributors) | 2.875% | 01/15/2026 | 28,000 | 28,880 | |
Air Lease Corp. (Trading Companies & Distributors) | 3.625% | 04/01/2027 | 15,000 | 15,732 | |
Air Lease Corp. (Trading Companies & Distributors) | 2.100% | 09/01/2028 | 107,000 | 103,193 | |
Aircastle Ltd. (Trading Companies & Distributors) | 4.125% | 05/01/2024 | 58,000 | 60,558 | |
Aircastle Ltd. (Trading Companies & Distributors) | (b) | 5.250% | 08/11/2025 | 149,000 | 163,841 |
Aircastle Ltd. (Trading Companies & Distributors) | 4.250% | 06/15/2026 | 21,000 | 22,494 | |
Aircastle Ltd. (Trading Companies & Distributors) | (b) | 2.850% | 01/26/2028 | 332,000 | 333,921 |
Allison Transmission, Inc. (Machinery) | (b) | 3.750% | 01/30/2031 | 232,000 | 226,200 |
BAE Systems PLC (Aerospace & Defense) | (b) | 3.400% | 04/15/2030 | 200,000 | 213,472 |
Carrier Global Corp. (Building Products) | 2.242% | 02/15/2025 | 145,000 | 148,477 | |
Carrier Global Corp. (Building Products) | 2.493% | 02/15/2027 | 116,000 | 119,170 | |
CITIC Ltd. (Industrial Conglomerates) | 2.850% | 02/25/2030 | 230,000 | 234,023 | |
Delta Air Lines, Inc. / SkyMiles IP Ltd. (Airlines) | (b) | 4.500% | 10/20/2025 | 134,058 | 140,896 |
Delta Air Lines, Inc. / SkyMiles IP Ltd. (Airlines) | (b) | 4.750% | 10/20/2028 | 156,000 | 170,349 |
Embraer Netherlands Finance B.V. (Aerospace & Defense) | (b) | 6.950% | 01/17/2028 | 212,000 | 234,048 |
Equifax, Inc. (Professional Svs.) | 2.600% | 12/01/2024 | 423,000 | 437,252 | |
Equifax, Inc. (Professional Svs.) | 2.600% | 12/15/2025 | 147,000 | 152,121 | |
Equifax, Inc. (Professional Svs.) | 3.100% | 05/15/2030 | 240,000 | 251,203 | |
Flowserve Corp. (Machinery) | 2.800% | 01/15/2032 | 193,000 | 187,791 | |
General Dynamics Corp. (Aerospace & Defense) | 3.625% | 04/01/2030 | 241,000 | 267,692 | |
General Electric Co. (Industrial Conglomerates) | 6.750% | 03/15/2032 | 70,000 | 95,463 | |
GFL Environmental, Inc. (Commercial Svs. & Supplies) | (b) | 3.500% | 09/01/2028 | 234,000 | 230,490 |
Huntington Ingalls Industries, Inc. (Aerospace & Defense) | 3.844% | 05/01/2025 | 205,000 | 216,802 | |
IHS Markit Ltd. (Professional Svs.) | 4.750% | 08/01/2028 | 16,000 | 18,540 | |
IHS Markit Ltd. (Professional Svs.) | 4.250% | 05/01/2029 | 66,000 | 75,075 | |
United Parcel Service, Inc. (Air Freight & Logistics) | 3.900% | 04/01/2025 | 173,000 | 186,690 | |
United Parcel Service, Inc. (Air Freight & Logistics) | 4.450% | 04/01/2030 | 151,000 | 177,796 | |
Westinghouse Air Brake Technologies Corp. (Machinery) | 4.400% | 03/15/2024 | 189,000 | 199,905 | |
Westinghouse Air Brake Technologies Corp. (Machinery) | 3.200% | 06/15/2025 | 45,000 | 46,833 | |
Westinghouse Air Brake Technologies Corp. (Machinery) | 3.450% | 11/15/2026 | 66,000 | 69,830 | |
Westinghouse Air Brake Technologies Corp. (Machinery) | 4.950% | 09/15/2028 | 606,000 | 688,847 | |
5,517,584 | |||||
Information Technology–1.1% | |||||
Broadcom, Inc. (Semiconductors & Equip.) | 4.110% | 09/15/2028 | 35,000 | 38,371 | |
Broadcom, Inc. (Semiconductors & Equip.) | 4.150% | 11/15/2030 | 512,000 | 567,837 | |
Broadcom, Inc. (Semiconductors & Equip.) | (b) | 3.137% | 11/15/2035 | 9,000 | 9,054 |
Broadcom, Inc. (Semiconductors & Equip.) | (b) | 3.187% | 11/15/2036 | 154,000 | 153,732 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Information Technology (continued) | |||||
Global Payments, Inc. (IT Svs.) | 4.800% | 04/01/2026 | $ 185,000 | $ 205,380 | |
Global Payments, Inc. (IT Svs.) | 3.200% | 08/15/2029 | 75,000 | 78,117 | |
Infor, Inc. (Software) | (b) | 1.750% | 07/15/2025 | 106,000 | 105,202 |
Kyndryl Holdings, Inc. (IT Svs.) | (b) | 2.050% | 10/15/2026 | 387,000 | 376,813 |
Lam Research Corp. (Semiconductors & Equip.) | 4.000% | 03/15/2029 | 51,000 | 57,104 | |
Mastercard, Inc. (IT Svs.) | 3.350% | 03/26/2030 | 324,000 | 356,416 | |
Micron Technology, Inc. (Semiconductors & Equip.) | 4.185% | 02/15/2027 | 207,000 | 226,688 | |
NXP B.V. / NXP Funding LLC (Semiconductors & Equip.) | (b) | 5.550% | 12/01/2028 | 125,000 | 149,703 |
Oracle Corp. (Software) | 2.875% | 03/25/2031 | 225,000 | 226,433 | |
Oracle Corp. (Software) | 3.950% | 03/25/2051 | 265,000 | 275,098 | |
PayPal Holdings, Inc. (IT Svs.) | 2.850% | 10/01/2029 | 240,000 | 252,584 | |
SK Hynix, Inc. (Semiconductors & Equip.) | (b) | 2.375% | 01/19/2031 | 304,000 | 292,559 |
VeriSign, Inc. (IT Svs.) | 2.700% | 06/15/2031 | 128,000 | 128,640 | |
Visa, Inc. (IT Svs.) | 1.900% | 04/15/2027 | 452,000 | 458,469 | |
Visa, Inc. (IT Svs.) | 2.050% | 04/15/2030 | 220,000 | 222,839 | |
VMware, Inc. (Software) | 4.500% | 05/15/2025 | 261,000 | 284,212 | |
VMware, Inc. (Software) | 4.650% | 05/15/2027 | 293,000 | 329,515 | |
Western Digital Corp. (Tech. Hardware, Storage & Periph.) | 3.100% | 02/01/2032 | 122,000 | 122,891 | |
4,917,657 | |||||
Materials–0.7% | |||||
Alpek S.A.B de C.V. (Chemicals) | (b) | 3.250% | 02/25/2031 | 383,000 | 382,042 |
Ardagh Metal Packaging Finance U.S.A. LLC / Ardagh Metal Packaging Finance PLC (Containers & Packaging) | (b) | 3.250% | 09/01/2028 | 308,000 | 304,543 |
Axalta Coating Systems LLC (Chemicals) | (b) | 3.375% | 02/15/2029 | 220,000 | 212,850 |
Cemex S.A.B de C.V. (Construction Materials) | (b) | 3.875% | 07/11/2031 | 380,000 | 378,605 |
CSN Resources SA (Metals & Mining) | (b) | 4.625% | 06/10/2031 | 232,000 | 220,692 |
Indonesia Asahan Aluminium Persero PT (Metals & Mining) | (b) | 4.750% | 05/15/2025 | 240,000 | 255,202 |
Industrias Penoles S.A.B de C.V. (Metals & Mining) | (b) | 4.750% | 08/06/2050 | 280,000 | 306,250 |
Ingevity Corp. (Chemicals) | (b) | 3.875% | 11/01/2028 | 188,000 | 183,065 |
Stillwater Mining Co. (Metals & Mining) | (b) | 4.000% | 11/16/2026 | 300,000 | 293,850 |
Suzano Austria GmbH (Paper & Forest Products) | 2.500% | 09/15/2028 | 374,000 | 360,910 | |
Suzano Austria GmbH (Paper & Forest Products) | 3.750% | 01/15/2031 | 56,000 | 56,911 | |
Volcan Cia Minera S.A.A. (Metals & Mining) | (b) | 4.375% | 02/11/2026 | 65,000 | 62,644 |
Yamana Gold, Inc. (Metals & Mining) | (b) | 2.630% | 08/15/2031 | 276,000 | 264,907 |
3,282,471 | |||||
Real Estate–0.5% | |||||
Alexandria Real Estate Equities, Inc. (Equity REIT) | 4.900% | 12/15/2030 | 275,000 | 330,324 | |
Camden Property Trust (Equity REIT) | 2.800% | 05/15/2030 | 342,000 | 355,663 | |
Crown Castle International Corp. (Equity REIT) | 3.650% | 09/01/2027 | 133,000 | 142,877 | |
Crown Castle International Corp. (Equity REIT) | 4.300% | 02/15/2029 | 154,000 | 171,909 | |
Crown Castle International Corp. (Equity REIT) | 3.100% | 11/15/2029 | 279,000 | 291,308 | |
Crown Castle International Corp. (Equity REIT) | 3.300% | 07/01/2030 | 67,000 | 70,672 | |
Equinix, Inc. (Equity REIT) | 2.625% | 11/18/2024 | 123,000 | 126,735 | |
Equinix, Inc. (Equity REIT) | 2.900% | 11/18/2026 | 104,000 | 107,740 | |
Equinix, Inc. (Equity REIT) | 3.200% | 11/18/2029 | 233,000 | 244,904 | |
Vornado Realty LP (Equity REIT) | 3.400% | 06/01/2031 | 306,000 | 312,940 | |
2,155,072 | |||||
Utilities–1.0% | |||||
AEP Transmission Co. LLC (Electric Utilities) | 3.650% | 04/01/2050 | 162,000 | 178,832 | |
AES Panama Generation Holdings SRL (Electric Utilities) | (b) | 4.375% | 05/31/2030 | 285,000 | 296,759 |
Ameren Corp. (Multi-Utilities) | 3.500% | 01/15/2031 | 669,000 | 721,636 | |
American Water Capital Corp. (Water Utilities) | 2.800% | 05/01/2030 | 211,000 | 218,670 | |
American Water Capital Corp. (Water Utilities) | 3.450% | 05/01/2050 | 252,000 | 268,063 | |
Berkshire Hathaway Energy Co. (Multi-Utilities) | 4.250% | 10/15/2050 | 278,000 | 339,601 | |
Chile Electricity PEC SpA (Electric Utilities) | (b) | 0.000% | 01/25/2028 | 460,000 | 374,670 |
Dominion Energy, Inc. (Multi-Utilities) | 3.375% | 04/01/2030 | 340,000 | 360,812 | |
Duke Energy Carolinas NC Storm Funding LLC (Electric Utilities) | 2.617% | 07/01/2041 | 200,000 | 201,791 | |
NRG Energy, Inc. (Electric Utilities) | (b) | 3.750% | 06/15/2024 | 308,000 | 321,337 |
NRG Energy, Inc. (Electric Utilities) | 6.625% | 01/15/2027 | 84,000 | 87,321 | |
Oncor Electric Delivery Co. LLC (Electric Utilities) | 3.700% | 11/15/2028 | 194,000 | 213,512 | |
Southern Co. / The (Electric Utilities) | 3.700% | 04/30/2030 | 508,000 | 552,515 | |
Venture Global Calcasieu Pass LLC (Gas Utilities) | (b) | 3.875% | 08/15/2029 | 65,000 | 67,437 |
Venture Global Calcasieu Pass LLC (Gas Utilities) | (b) | 4.125% | 08/15/2031 | 66,000 | 69,960 |
Vistra Operations Co. LLC (Ind. Power & Renewable Elec.) | (b) | 4.375% | 05/01/2029 | 231,000 | 231,376 |
4,504,292 | |||||
Total Corporate Bonds (Cost $59,497,180) | $ 62,128,384 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
U.S. Treasury Obligations–9.7% | Rate | Maturity | Face Amount | Value | |
U.S. Treasury Inflation Indexed Bond | 0.375% | 01/15/2027 | $ 4,161,822 | $ 4,577,367 | |
U.S. Treasury Note | 0.375% | 03/31/2022 | 3,753,800 | 3,756,347 | |
U.S. Treasury Note | 1.500% | 09/15/2022 | 626,000 | 631,355 | |
U.S. Treasury Note | (d) | 2.250% | 11/15/2024 | 1,865,000 | 1,933,481 |
U.S. Treasury Note | (d) | 0.500% | 03/31/2025 | 7,834,500 | 7,704,435 |
U.S. Treasury Note | 1.625% | 05/15/2026 | 5,438,800 | 5,529,942 | |
U.S. Treasury Note | 0.875% | 09/30/2026 | 666,600 | 654,700 | |
U.S. Treasury Note | 1.250% | 11/30/2026 | 315,600 | 315,403 | |
U.S. Treasury Note | 1.500% | 11/30/2028 | 1,149,800 | 1,154,291 | |
U.S. Treasury Note | 1.250% | 08/15/2031 | 1,896,800 | 1,854,418 | |
U.S. Treasury Note | 1.375% | 11/15/2031 | 671,800 | 663,298 | |
U.S. Treasury Note | 1.750% | 08/15/2041 | 7,271,300 | 7,049,753 | |
U.S. Treasury Note | 2.000% | 11/15/2041 | 178,700 | 180,738 | |
U.S. Treasury Note | 2.750% | 08/15/2042 | 2,036,600 | 2,320,451 | |
U.S. Treasury Note | 2.250% | 08/15/2049 | 1,246,800 | 1,334,417 | |
U.S. Treasury Note | 2.375% | 11/15/2049 | 338,600 | 371,957 | |
U.S. Treasury Note | 1.875% | 02/15/2051 | 1,749,200 | 1,730,615 | |
U.S. Treasury Note | 2.375% | 05/15/2051 | 338,200 | 373,552 | |
U.S. Treasury Note | 2.000% | 08/15/2051 | 866,300 | 883,085 | |
U.S. Treasury Note | 1.875% | 11/15/2051 | 458,600 | 454,946 | |
Total U.S. Treasury Obligations (Cost $43,325,664) | $ 43,474,551 |
Purchased Options–7.9% | Notional Amount | Expiration | Exercise Price | Contracts (e) | Value | |
S&P 500 Index Call Option | $ 9,532,360 | December 2023 | $3,700 | 20 | $ 2,426,200 | |
S&P 500 Index Call Option | 7,149,270 | December 2023 | 3,800 | 15 | 1,705,500 | |
S&P 500 Index Call Option | 21,447,810 | December 2023 | 4,000 | 45 | 4,719,420 | |
S&P 500 Index Call Option | 3,336,326 | December 2023 | 4,100 | 7 | 641,200 | |
S&P 500 Index Call Option | 18,588,102 | December 2023 | 4,200 | 39 | 3,318,510 | |
S&P 500 Index Call Option | 9,532,360 | December 2023 | 4,250 | 20 | 1,628,600 | |
S&P 500 Index Call Option | 10,008,978 | December 2023 | 4,300 | 21 | 1,644,720 | |
S&P 500 Index Call Option | 20,494,574 | December 2023 | 4,400 | 43 | 3,083,530 | |
S&P 500 Index Call Option | 22,401,046 | December 2023 | 4,500 | 47 | 3,068,630 | |
S&P 500 Index Call Option | 11,438,832 | December 2023 | 4,600 | 24 | 1,507,368 | |
S&P 500 Index Call Option | 11,915,450 | December 2023 | 4,700 | 25 | 1,438,675 | |
S&P 500 Index Put Option | 7,149,270 | December 2023 | 3,700 | 15 | 304,650 | |
S&P 500 Index Put Option | 7,149,270 | December 2023 | 3,800 | 15 | 335,100 | |
S&P 500 Index Put Option | 21,447,810 | December 2023 | 4,000 | 45 | 1,209,600 | |
S&P 500 Index Put Option | 3,336,326 | December 2023 | 4,100 | 7 | 206,080 | |
S&P 500 Index Put Option | 18,588,102 | December 2023 | 4,200 | 39 | 1,361,100 | |
S&P 500 Index Put Option | 9,532,360 | December 2023 | 4,250 | 20 | 671,200 | |
S&P 500 Index Put Option | 10,008,978 | December 2023 | 4,300 | 21 | 735,420 | |
S&P 500 Index Put Option | 20,494,574 | December 2023 | 4,400 | 43 | 1,636,580 | |
S&P 500 Index Put Option | 22,401,046 | December 2023 | 4,500 | 47 | 1,942,040 | |
S&P 500 Index Put Option | 11,438,832 | December 2023 | 4,600 | 24 | 1,074,240 | |
S&P 500 Index Put Option | 4,766,180 | December 2023 | 4,700 | 10 | 516,800 | |
Total Purchased Options (Cost $30,373,254) | $ 35,175,163 |
Asset-Backed / Mortgage-Backed Securities–7.8% | Rate | Maturity | Face Amount | Value | |
Consumer Discretionary–0.1% | |||||
Domino's Pizza Master Issuer LLC 2021-1A A2I | (b) | 2.662% | 04/25/2051 | $ 175,120 | $ 175,857 |
Great Wolf Trust 2019-WOLF A | (b) | ML + 103 | 12/15/2036 | 64,000 | 63,922 |
Great Wolf Trust 2019-WOLF C | (b) | ML + 163 | 12/15/2036 | 79,000 | 78,504 |
Hardee's Funding LLC 2018-1A A23 | (b) | 5.710% | 06/20/2048 | 129,285 | 142,621 |
Hardee's Funding LLC 2020-1A A2 | (b) | 3.981% | 12/20/2050 | 133,691 | 139,938 |
600,842 | |||||
Financials–7.7% | |||||
AB Issuer LLC 2021-1 A2 | (b) | 3.734% | 07/30/2051 | 319,200 | 319,663 |
Affirm Asset Securitization Trust 2020-A A | (b) | 2.100% | 02/18/2025 | 120,000 | 120,291 |
Affirm Asset Securitization Trust 2021-A C | (b) | 1.660% | 08/15/2025 | 200,000 | 200,443 |
Affirm Asset Securitization Trust 2021-Z1 A | (b) | 1.070% | 08/15/2025 | 114,881 | 114,641 |
Affirm Asset Securitization Trust 2021-Z2 A | (b) | 1.170% | 11/16/2026 | 116,000 | 115,534 |
AGL CLO 2021-12A D | (b) | QL + 285 | 07/20/2034 | 250,000 | 247,538 |
Atalaya Equipment Leasing Trust 2021-1A C | (b) | 2.690% | 06/15/2028 | 300,000 | 299,120 |
Avant Loans Funding Trust 2021-REV1 A | (b) | 1.210% | 07/15/2030 | 441,000 | 437,357 |
Bain Capital Credit CLO 2021-4A D | (b) | QL + 310 | 10/20/2034 | 250,000 | 247,729 |
Balboa Bay Loan Funding 2021-1A D | (b) | QL + 305 | 07/20/2034 | 307,948 | 306,797 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Asset-Backed / Mortgage-Backed Securities (Continued) | Rate | Maturity | Face Amount | Value | |
Financials (continued) | |||||
Ballyrock CLO 15 Ltd. 2021-1A C | (b) | QL + 310 | 04/15/2034 | $ 250,000 | $ 248,883 |
Ballyrock CLO 16 Ltd. 2021-16A C | (b) | QL + 290 | 07/20/2034 | 250,000 | 247,764 |
Ballyrock CLO 17 Ltd. 2021-17A C | (b) | QL + 305 | 10/20/2034 | 250,000 | 247,748 |
BBCMS 2020-BID A | (b) | ML + 214 | 10/15/2037 | 301,000 | 301,846 |
BCP Trust 2021-330N A | (b) | ML + 80 | 06/15/2038 | 62,744 | 62,065 |
Bellemeade Re 2020-4A M2A | (b) | ML + 260 | 06/25/2030 | 7,358 | 7,359 |
Bellemeade RE 2021-3A A2 | (b) | SOFR30A + 100 | 09/25/2031 | 286,223 | 283,401 |
Bellemeade Re Ltd. 2021-1A M1C | (b) | SOFR30A + 295 | 03/25/2031 | 167,482 | 171,842 |
BFLD Trust 2021-FPM A | (b) | ML + 160 | 06/15/2038 | 462,000 | 461,722 |
Brex Commercial Charge Card Master Trust 2021-1 A | (b) | 2.090% | 07/15/2024 | 167,000 | 167,573 |
BX Commercial Mortgage Trust 2019-IMC E | (b) | ML + 215 | 04/15/2034 | 320,787 | 316,361 |
Cajun Global LLC 2021-1 A2 | (b) | 3.931% | 11/20/2051 | 62,000 | 61,708 |
Carvana Auto Receivables Trust 2021-N3 C | 1.020% | 06/12/2028 | 141,000 | 139,128 | |
Carvana Auto Receivables Trust 2021-N4 D | 2.300% | 09/11/2028 | 128,000 | 127,941 | |
Carvana Auto Receivables Trust 2021-P4 N | (b) | 2.150% | 09/11/2028 | 1,100,000 | 1,100,061 |
CIM Trust 2021-INV1 A2 | (b) | 2.500% | 07/01/2051 | 271,812 | 273,161 |
Citigroup Commercial Mortgage Trust 2017-P8 AS | 3.789% | 09/15/2050 | 127,167 | 137,466 | |
College Ave Student Loans 2021-C C | (b) | 3.060% | 07/26/2055 | 136,800 | 137,357 |
COMM 2015-LC23 C | 4.609% | 10/10/2048 | 100,000 | 104,967 | |
Connecticut Avenue Securities Trust 2019-R02 1M2 | (b) | ML + 230 | 08/25/2031 | 20,587 | 20,672 |
Connecticut Avenue Securities Trust 2019-R03 1M2 | (b) | ML + 215 | 09/25/2031 | 54,304 | 54,512 |
Connecticut Avenue Securities Trust 2019-R04 2M2 | (b) | ML + 210 | 06/25/2039 | 5,368 | 5,371 |
Connecticut Avenue Securities Trust 2019-R05 1M2 | (b) | ML + 200 | 07/25/2039 | 24,276 | 24,299 |
Connecticut Avenue Securities Trust 2019-R07 1M2 | (b) | ML + 210 | 10/25/2039 | 75,409 | 75,576 |
Connecticut Avenue Securities Trust 2020-R02 2M2 | (b) | ML + 200 | 01/25/2040 | 189,152 | 189,627 |
Connecticut Avenue Securities Trust 2020-SBT1 1M2 | (b) | ML + 365 | 02/25/2040 | 255,000 | 264,759 |
Connecticut Avenue Securities Trust 2020-SBT1 2M2 | (b) | ML + 365 | 02/25/2040 | 270,000 | 280,585 |
Connecticut Avenue Securities Trust 2021-R01 1M2 | (b) | SOFR30A + 155 | 10/25/2041 | 462,831 | 463,389 |
Connecticut Avenue Securities Trust 2021-R03 1M2 | (b) | SOFR30A + 165 | 12/25/2041 | 117,550 | 117,697 |
CPS Auto Receivables Trust 2021-B C | (b) | 1.230% | 03/15/2027 | 234,000 | 231,946 |
CPS Auto Receivables Trust 2021-C D | (b) | 1.690% | 06/15/2027 | 210,000 | 207,324 |
Dext ABS 2021-1 C | (b) | 2.290% | 09/15/2028 | 264,000 | 261,835 |
Dext ABS 2021-1 D | (b) | 2.810% | 03/15/2029 | 133,000 | 131,936 |
Diamond Issuer 2021-1A B | (b) | 2.701% | 11/20/2051 | 271,624 | 269,725 |
Donlen Fleet Lease Funding 2021-2 C | (b) | 1.200% | 12/11/2034 | 460,000 | 452,746 |
DROP Mortgage Trust 2021-FILE A | (b) | ML + 115 | 04/15/2026 | 310,000 | 310,094 |
Eagle RE 2021-2 M1B | (b) | SOFR30A + 205 | 04/25/2034 | 152,272 | 152,444 |
Elmwood CLO IX Ltd. 2021-2A D | (b) | QL + 295 | 07/20/2034 | 250,000 | 249,036 |
Fannie Mae Connecticut Avenue Securities 2014-C04 1M2 | ML + 490 | 11/25/2024 | 209,171 | 217,794 | |
Fannie Mae Connecticut Avenue Securities 2015-C02 1M2 | ML + 400 | 05/25/2025 | 23,414 | 23,826 | |
Fannie Mae Connecticut Avenue Securities 2015-C03 1M2 | ML + 500 | 07/25/2025 | 127,981 | 131,510 | |
Fannie Mae Connecticut Avenue Securities 2015-C03 2M2 | ML + 500 | 07/25/2025 | 6,169 | 6,190 | |
Fannie Mae Connecticut Avenue Securities 2015-C04 1M2 | ML + 570 | 04/25/2028 | 74,184 | 78,141 | |
Fannie Mae Connecticut Avenue Securities 2016-C01 1M2 | ML + 675 | 08/25/2028 | 106,739 | 111,996 | |
Fannie Mae Connecticut Avenue Securities 2016-C07 2M2 | ML + 435 | 05/25/2029 | 101,645 | 105,523 | |
Fannie Mae Connecticut Avenue Securities 2017-C01 1M2 | ML + 355 | 07/25/2029 | 268,733 | 275,181 | |
Fannie Mae Connecticut Avenue Securities 2017-C07 1B1 | ML + 400 | 05/25/2030 | 300,000 | 312,015 | |
Fannie Mae Connecticut Avenue Securities 2018-C06 1M2 | ML + 200 | 03/25/2031 | 205,998 | 207,584 | |
Fannie Mae Connecticut Avenue Securities 2021-R02 2B1 | (b) | SOFR30A + 330 | 11/25/2041 | 211,036 | 212,615 |
FHF Trust 2021-2A A | (b) | 0.830% | 12/15/2026 | 136,334 | 135,382 |
First Investors Auto Owner Trust 2018-1A E | (b) | 5.350% | 07/15/2024 | 350,000 | 359,985 |
Flagstar Mortgage Trust 2021-8INV A3 | (b) | 2.500% | 09/25/2051 | 245,988 | 245,671 |
Flatiron CLO 2021-1A D | (b) | QL + 290 | 07/19/2034 | 250,000 | 247,540 |
Ford Credit Auto Owner Trust 2021-1 D | (b) | 2.310% | 10/17/2033 | 230,000 | 227,057 |
Freddie Mac Multifamily Structured Credit Risk 2021-MN1 M1 | (b) | SOFR30A + 200 | 01/25/2051 | 53,942 | 53,677 |
Freddie Mac REMICS FHR 4981 HS | (f) | ML + 610 | 06/25/2050 | 974,592 | 155,136 |
Freddie Mac REMICS FHR 5015 BI | (f) | 4.000% | 09/25/2050 | 632,275 | 107,554 |
Freddie Mac Stacr Remic Trust 2020-DNA1 M2 | (b) | ML + 170 | 01/25/2050 | 95,812 | 95,995 |
Freddie Mac STACR REMIC Trust 2020-DNA5 M2 | (b) | SOFR30A + 280 | 10/25/2050 | 170,032 | 171,370 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Asset-Backed / Mortgage-Backed Securities (Continued) | Rate | Maturity | Face Amount | Value | |
Financials (continued) | |||||
Freddie Mac STACR REMIC Trust 2021-DNA3 B1 | (b) | SOFR30A + 350 | 10/25/2033 | $ 278,276 | $ 288,300 |
Freddie Mac STACR REMIC Trust 2021-DNA6 M2 | (b) | SOFR30A + 150 | 10/25/2041 | 393,665 | 393,429 |
Freddie Mac STACR REMIC Trust 2021-HQA4 M2 | (b) | SOFR30A + 235 | 12/25/2041 | 246,349 | 246,966 |
Freddie Mac STACR Trust 2019-DNA4 M2 | (b) | ML + 195 | 10/25/2049 | 29,570 | 29,657 |
Freddie Mac STACR Trust 2019-HQA2 M2 | (b) | ML + 205 | 04/25/2049 | 70,527 | 70,817 |
Freddie Mac Structured Agency Credit Risk Debt Notes 2016-DNA4 M3 | ML + 380 | 03/25/2029 | 231,250 | 238,277 | |
Freddie Mac Structured Agency Credit Risk Debt Notes 2016-HQA2 M3 | ML + 515 | 11/25/2028 | 159,538 | 165,137 | |
Freddie Mac Structured Agency Credit Risk Debt Notes 2017-DNA2 M2 | ML + 345 | 10/25/2029 | 300,000 | 308,681 | |
Freddie Mac Structured Agency Credit Risk Debt Notes 2017-DNA3 M2 | ML + 250 | 03/25/2030 | 268,275 | 273,438 | |
Freddie Mac Structured Agency Credit Risk Debt Notes 2017-HQA2 M2B | ML + 265 | 12/25/2029 | 458,126 | 469,593 | |
Freddie Mac Structured Agency Credit Risk Debt Notes 2018-DNA1 M2 | ML + 180 | 07/25/2030 | 91,577 | 92,084 | |
Freddie Mac Structured Agency Credit Risk Debt Notes 2021-DNA7 M2 | (b) | SOFR30A + 180 | 11/25/2041 | 386,480 | 387,449 |
FREED ABS Trust 2021-2 C | (b) | 1.940% | 06/19/2028 | 460,000 | 460,468 |
GCI Funding I LLC 2021-1 A | (b) | 2.380% | 06/18/2046 | 158,611 | 157,204 |
Goldentree Loan Management U.S. CLO 7 Ltd. 2020-7A AR | (b) | QL + 107 | 04/20/2034 | 250,000 | 250,363 |
GS Mortgage Securities Trust 2012-GCJ9 AS | 3.124% | 11/10/2045 | 287,514 | 291,575 | |
GS Mortgage Securities Trust 2016-GS3 A4 | 2.850% | 10/10/2049 | 270,000 | 281,079 | |
GS Mortgage Securities Trust 2017-GS7 A4 | 3.430% | 08/10/2050 | 270,000 | 289,480 | |
GS Mortgage Securities Trust 2018-GS9 A4 | 3.992% | 03/10/2051 | 153,543 | 170,378 | |
GS Mortgage Securities Trust 2019-GC38 A4 | 3.968% | 02/10/2052 | 250,000 | 279,195 | |
HFX Funding Issuer 2017-1 | (b) | 3.652% | 03/15/2035 | 280,000 | 286,014 |
Home RE 2020-1 M1B | (b) | ML + 325 | 10/25/2030 | 136,163 | 136,564 |
Home RE 2021-2 M1B | (b) | SOFR30A + 160 | 01/25/2034 | 222,490 | 221,940 |
Invitation Homes 2018-SFR1 C | (b) | ML + 125 | 03/17/2037 | 474,932 | 474,233 |
JP Morgan Chase Commercial Mortgage Securities Trust 2012-LC9 A5 | 2.840% | 12/15/2047 | 168,296 | 169,983 | |
JP Morgan Chase Commercial Mortgage Securities Trust 2013-C10 B | 3.674% | 12/15/2047 | 300,000 | 305,539 | |
JPMBB Commercial Mortgage Securities Trust 2013-C15 AS | 4.420% | 11/15/2045 | 250,000 | 262,289 | |
JPMBB Commercial Mortgage Securities Trust 2014-C21 C | 4.642% | 08/15/2047 | 295,000 | 300,053 | |
JPMBB Commercial Mortgage Securities Trust 2015-C27 AS | 3.634% | 02/15/2048 | 130,694 | 136,906 | |
LAD Auto Receivables Trust 2021-1A C | (b) | 2.350% | 04/15/2027 | 406,000 | 404,934 |
Magnetite XXVI Ltd. 2020-26A A1R | (b) | QL + 112 | 07/25/2034 | 440,533 | 440,964 |
Mello Mortgage Capital Acceptance 2021-INV2 A3 | (b) | 2.500% | 08/25/2051 | 232,415 | 232,116 |
Morgan Stanley Capital I Trust 2018-H3 AS | 4.429% | 07/15/2051 | 270,000 | 303,774 | |
Morgan Stanley Capital I Trust 2018-H4 A4 | 4.310% | 12/15/2051 | 250,000 | 284,363 | |
MVW 2021-2A C | (b) | 2.230% | 05/20/2039 | 453,000 | 450,269 |
Neighborly Issuer LLC 2021-1A A2 | (b) | 3.584% | 04/30/2051 | 125,994 | 126,384 |
Nelnet Student Loan Trust 2021-BA B | (b) | 2.680% | 04/20/2062 | 100,000 | 99,571 |
Nelnet Student Loan Trust 2021-DA C | (b) | 3.500% | 04/20/2062 | 100,000 | 101,048 |
Neuberger Berman Loan Advisers Clo 2021-42A D | (b) | QL + 280 | 07/16/2035 | 301,613 | 299,390 |
Neuberger Berman Loan Advisers Clo 43 Ltd. 2021-43A D | (b) | QL + 310 | 07/17/2035 | 250,000 | 250,146 |
New Residential Mortgage Loan Trust 2021-INV1 A2 | (b) | 2.500% | 06/25/2051 | 340,649 | 342,978 |
Oaktown Re VII Ltd. 2021-2 M1A | (b) | SOFR30A + 160 | 04/25/2034 | 272,026 | 272,026 |
OCP CLO 2020-18A AR | (b) | QL + 109 | 07/20/2032 | 322,000 | 321,843 |
Octane Receivables Trust 2021-2A C | (b) | 2.530% | 05/21/2029 | 209,000 | 208,461 |
PMT Credit Risk Transfer Trust 2019-2R A | (b) | ML + 275 | 05/27/2023 | 146,695 | 145,364 |
Rad CLO 11 Ltd. 2021-11A D | (b) | QL + 290 | 04/15/2034 | 250,000 | 248,170 |
Radnor RE 2020-2 M1C | (b) | ML + 460 | 10/25/2030 | 32,979 | 32,979 |
Regatta XX Funding Ltd. 2021-2A A | (b) | QL + 116 | 10/15/2034 | 450,431 | 450,423 |
Regatta XXIV Funding Ltd. 2021-5A D | (b) | QL + 310 | 01/20/2035 | 450,000 | 450,000 |
Rockford Tower CLO 2021-1A D | (b) | QL + 300 | 07/20/2034 | 306,626 | 304,935 |
Rockford Tower CLO 2021-2A A1 | (b) | QL + 116 | 07/20/2034 | 250,000 | 249,678 |
Santander Bank NA - SBCLN 2021-1A C | (b) | 3.268% | 12/15/2031 | 750,000 | 749,094 |
Santander Consumer Auto Receivables Trust 2021-CA B | (b) | 1.440% | 04/17/2028 | 144,918 | 145,109 |
SEB Funding LLC 2021-1A A2 | (b) | 4.969% | 01/30/2052 | 332,000 | 331,105 |
SG Commercial Mortgage Securities Trust 2016-C5 A4 | 3.055% | 10/10/2048 | 250,000 | 259,253 | |
STACR Trust 2018-DNA3 M2 | (b) | ML + 210 | 09/25/2048 | 110,313 | 111,531 |
Triangle Re 2020-1 M1B | (b) | ML + 390 | 10/25/2030 | 281,314 | 281,314 |
Triangle Re 2021-1 M1B | (b) | ML + 300 | 08/25/2033 | 88,769 | 88,841 |
Triangle Re 2021-3 M1B | (b) | SOFR30A + 290 | 02/25/2034 | 240,000 | 237,941 |
UBS Commercial Mortgage Trust 2018-C10 A3 | 4.048% | 05/15/2051 | 270,000 | 295,568 | |
UBS-Barclays Commercial Mortgage Trust 2012-C4 C | (b) | 4.310% | 12/10/2045 | 390,000 | 387,687 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Asset-Backed / Mortgage-Backed Securities (Continued) | Rate | Maturity | Face Amount | Value | |
Financials (continued) | |||||
Upstart Securitization Trust 2020-3 A | (b) | 1.702% | 11/20/2030 | $ 58,266 | $ 58,437 |
Upstart Securitization Trust 2021-3 B | (b) | 1.660% | 07/20/2031 | 210,000 | 207,702 |
UWM Mortgage Trust 2021-INV1 A3 | (b) | 2.500% | 08/25/2051 | 300,362 | 301,476 |
VASA Trust 2021-VASA A | (b) | ML + 90 | 07/15/2039 | 460,000 | 458,084 |
Wells Fargo Commercial Mortgage Trust 2015-C28 A4 | 3.540% | 05/15/2048 | 250,000 | 264,461 | |
Wells Fargo Commercial Mortgage Trust 2015-C30 A3 | 3.411% | 09/15/2058 | 232,889 | 245,263 | |
Wells Fargo Commercial Mortgage Trust 2015-NXS3 A4 | 3.617% | 09/15/2057 | 270,000 | 287,771 | |
Wells Fargo Commercial Mortgage Trust 2016-C35 A3 | 2.674% | 07/15/2048 | 300,000 | 306,872 | |
Wells Fargo Commercial Mortgage Trust 2016-C35 B | 3.438% | 07/15/2048 | 270,000 | 275,652 | |
Wells Fargo Commercial Mortgage Trust 2017-C39 A5 | 3.418% | 09/15/2050 | 270,000 | 290,604 | |
Wells Fargo Commercial Mortgage Trust 2017-C41 A3 | 3.210% | 11/15/2050 | 270,000 | 281,358 | |
Wells Fargo Commercial Mortgage Trust 2018-C44 A4 | 3.948% | 05/15/2051 | 270,000 | 294,626 | |
WFRBS Commercial Mortgage Trust 2014-C24 AS | 3.931% | 11/15/2047 | 270,000 | 281,008 | |
34,150,445 | |||||
Total Asset-Backed / Mortgage-Backed Securities (Cost $34,569,557) | $ 34,751,287 |
Exchange Traded Funds–2.8% | Shares | Value | |
SPDR S&P 500 ETF Trust | 26,876 | $ 12,765,025 | |
Total Exchange Traded Funds (Cost $9,684,301) | $ 12,765,025 |
U.S. Government Agency Mortgage-Backed Securities–1.8% | Rate | Maturity | Face Amount | Value | |
Fannie Mae or Freddie Mac UMBS TBA | 2.500% | 01/15/2052 | $ 1,484,000 | $ 1,514,035 | |
Fannie Mae Pool FN AL5310 | 3.500% | 04/01/2044 | 2,564 | 2,777 | |
Fannie Mae Pool FN AL5887 | 4.500% | 10/01/2044 | 16,160 | 17,941 | |
Fannie Mae Pool FN AL6542 | 4.500% | 03/01/2045 | 24,035 | 26,684 | |
Fannie Mae Pool FN AL6620 | 4.500% | 08/01/2042 | 147,928 | 162,408 | |
Fannie Mae Pool FN AL6997 | 4.500% | 11/01/2042 | 10,823 | 11,960 | |
Fannie Mae Pool FN AL8855 | 3.500% | 07/01/2046 | 9,120 | 9,778 | |
Fannie Mae Pool FN AS7168 | 3.500% | 05/01/2046 | 20,207 | 21,623 | |
Fannie Mae Pool FN AS7587 | 3.500% | 07/01/2046 | 105,748 | 113,853 | |
Fannie Mae Pool FN AS7822 | 3.500% | 08/01/2046 | 233,943 | 250,188 | |
Fannie Mae Pool FN AZ9203 | 3.000% | 10/01/2045 | 21,568 | 22,577 | |
Fannie Mae Pool FN BA2885 | 3.000% | 10/01/2045 | 40,488 | 42,222 | |
Fannie Mae Pool FN BA4752 | 3.000% | 01/01/2046 | 5,194 | 5,445 | |
Fannie Mae Pool FN BC1520 | 3.500% | 08/01/2046 | 172,249 | 184,332 | |
Fannie Mae Pool FN BC2468 | 3.000% | 03/01/2046 | 112,608 | 117,684 | |
Fannie Mae Pool FN BC2488 | 3.000% | 03/01/2046 | 123,899 | 129,482 | |
Fannie Mae Pool FN BC9077 | 3.500% | 12/01/2046 | 12,369 | 13,230 | |
Fannie Mae Pool FN BH1902 | 3.500% | 12/01/2047 | 11,572 | 12,636 | |
Fannie Mae Pool FN BH3892 | 3.500% | 08/01/2047 | 24,084 | 25,593 | |
Fannie Mae Pool FN BH6940 | 3.500% | 08/01/2047 | 22,375 | 23,932 | |
Fannie Mae Pool FN BJ1692 | 3.500% | 12/01/2047 | 53,837 | 57,634 | |
Fannie Mae Pool FN BJ1695 | 3.500% | 12/01/2047 | 8,006 | 8,545 | |
Fannie Mae Pool FN BJ4558 | 3.500% | 01/01/2048 | 41,251 | 44,070 | |
Fannie Mae Pool FN BJ4559 | 3.500% | 01/01/2048 | 15,707 | 16,786 | |
Fannie Mae Pool FN BJ4566 | 4.000% | 01/01/2048 | 131,822 | 143,264 | |
Fannie Mae Pool FN BJ4567 | 4.000% | 01/01/2048 | 197,735 | 214,219 | |
Fannie Mae Pool FN BJ5170 | 3.500% | 03/01/2048 | 9,471 | 10,315 | |
Fannie Mae Pool FN BK1964 | 4.000% | 03/01/2048 | 45,471 | 49,701 | |
Fannie Mae Pool FN BK1975 | 3.500% | 03/01/2048 | 22,717 | 24,527 | |
Fannie Mae Pool FN BK3211 | 4.500% | 03/01/2048 | 43,876 | 47,221 | |
Fannie Mae Pool FN BK4157 | 4.000% | 05/01/2048 | 58,966 | 63,103 | |
Fannie Mae Pool FN BM3282 | 3.500% | 12/01/2047 | 6,410 | 6,980 | |
Fannie Mae Pool FN BM3511 | 4.500% | 02/01/2046 | 87,146 | 96,205 | |
Fannie Mae Pool FN BM3912 | 3.000% | 03/01/2047 | 130,967 | 137,985 | |
Fannie Mae Pool FN BM4427 | 3.500% | 04/01/2048 | 75,184 | 80,254 | |
Fannie Mae Pool FN BM4735 | 3.500% | 04/01/2048 | 101,566 | 110,035 | |
Fannie Mae Pool FN BM4896 | 3.000% | 02/01/2047 | 858,317 | 904,992 | |
Fannie Mae Pool FN BM5138 | 3.500% | 11/01/2048 | 171,688 | 185,695 | |
Fannie Mae Pool FN BM5334 | 3.500% | 01/01/2049 | 42,303 | 45,203 | |
Fannie Mae Pool FN BN0012 | 4.500% | 08/01/2048 | 28,308 | 30,392 | |
Fannie Mae Pool FN BO3223 | 3.000% | 10/01/2034 | 38,368 | 40,513 | |
Fannie Mae Pool FN BO4725 | 2.500% | 11/01/2034 | 56,590 | 59,041 | |
Fannie Mae Pool FN BO5957 | 3.000% | 12/01/2034 | 7,336 | 7,793 | |
Fannie Mae Pool FN BO7717 | 3.000% | 11/01/2034 | 6,716 | 7,140 | |
Fannie Mae Pool FN CA0108 | 3.500% | 08/01/2047 | 22,560 | 24,453 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
U.S. Government Agency Mortgage-Backed Securities (Continued) | Rate | Maturity | Face Amount | Value | |
Fannie Mae Pool FN FM0029 | 3.000% | 09/01/2046 | $ 213,591 | $ 225,217 | |
Fannie Mae Pool FN FM1036 | 3.000% | 05/01/2043 | 115,388 | 121,611 | |
Fannie Mae Pool FN MA3211 | 4.000% | 12/01/2047 | 58,078 | 62,193 | |
Fannie Mae Pool FN MA3239 | 4.000% | 01/01/2048 | 9,276 | 9,959 | |
Freddie Mac Gold Pool FG G60658 | 3.500% | 07/01/2046 | 215,167 | 233,162 | |
Freddie Mac Gold Pool FG G61360 | 3.500% | 03/01/2048 | 45,806 | 49,201 | |
Freddie Mac Gold Pool FG G61737 | 3.500% | 11/01/2048 | 187,317 | 200,904 | |
Freddie Mac Gold Pool FG Q54793 | 4.500% | 03/01/2048 | 44,980 | 48,494 | |
Freddie Mac Gold Pool FG Q55394 | 3.500% | 04/01/2048 | 15,328 | 16,407 | |
Freddie Mac Pool FR QN0783 | 3.000% | 10/01/2034 | 32,671 | 34,511 | |
Freddie Mac Pool FR QN0786 | 3.000% | 10/01/2034 | 80,438 | 85,151 | |
Freddie Mac Pool FR QN0951 | 2.500% | 11/01/2034 | 51,765 | 54,054 | |
Freddie Mac Pool FR SB0040 | 2.500% | 12/01/2033 | 266,831 | 276,978 | |
Freddie Mac Pool FR SB0116 | 2.500% | 11/01/2034 | 72,953 | 76,154 | |
Freddie Mac Pool FR ZA4718 | 3.000% | 10/01/2046 | 159,177 | 167,364 | |
Freddie Mac Pool FR ZK8962 | 3.000% | 09/01/2032 | 63,895 | 67,334 | |
Freddie Mac Pool FR ZK9009 | 3.000% | 10/01/2032 | 23,234 | 24,421 | |
Freddie Mac Pool FR ZK9163 | 3.000% | 01/01/2033 | 36,138 | 38,068 | |
Freddie Mac Pool FR ZM1434 | 3.500% | 07/01/2046 | 30,727 | 32,723 | |
Freddie Mac Pool FR ZM4821 | 3.500% | 11/01/2047 | 30,042 | 32,319 | |
Freddie Mac Pool FR ZM4939 | 3.500% | 11/01/2047 | 53,617 | 57,184 | |
Freddie Mac Pool FR ZM5102 | 3.500% | 12/01/2047 | 65,628 | 70,602 | |
Freddie Mac Pool FR ZM5228 | 3.500% | 12/01/2047 | 38,905 | 41,424 | |
Freddie Mac Pool FR ZM5705 | 3.500% | 02/01/2048 | 17,675 | 18,899 | |
Freddie Mac Pool FR ZM5707 | 3.500% | 02/01/2048 | 11,774 | 12,573 | |
Freddie Mac Pool FR ZM5945 | 4.000% | 03/01/2048 | 39,147 | 42,251 | |
Freddie Mac Pool FR ZM6220 | 4.000% | 04/01/2048 | 20,754 | 22,101 | |
Freddie Mac Pool FR ZM6276 | 4.000% | 04/01/2048 | 47,080 | 50,883 | |
Freddie Mac Pool FR ZM6427 | 4.000% | 05/01/2048 | 107,644 | 114,826 | |
Freddie Mac Pool FR ZN2165 | 4.500% | 12/01/2048 | 56,886 | 62,463 | |
Freddie Mac Pool FR ZS4598 | 3.000% | 01/01/2045 | 20,292 | 21,317 | |
Freddie Mac Pool FR ZS7403 | 3.000% | 05/01/2031 | 197,144 | 206,691 | |
Freddie Mac Pool FR ZS9830 | 3.500% | 10/01/2046 | 224,473 | 240,543 | |
Freddie Mac Pool FR ZT0272 | 3.500% | 02/01/2047 | 120,271 | 128,558 | |
Freddie Mac Pool FR ZT0337 | 3.500% | 12/01/2044 | 22,002 | 23,718 | |
Freddie Mac Pool FR ZT0537 | 3.500% | 03/01/2048 | 169,960 | 182,841 | |
Freddie Mac Pool FR ZT1633 | 4.000% | 03/01/2047 | 11,681 | 12,713 | |
Total U.S. Government Agency Mortgage-Backed Securities (Cost $8,000,988) | $ 8,290,258 |
Preferred Securities–0.8% | Rate | Quantity | Value | |
Financials–0.7% | ||||
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 | $ 307,807 |
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 | 134,385 |
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 | 65,072 |
Charles Schwab Corp. / The DR (Rate is fixed until 06/01/2026, at which point, the rate becomes H15T5Y + 317) (Capital Markets) | (c) | 4.000% | 455,000 | 464,100 |
Citigroup, Inc. DR (Rate is fixed until 01/30/2023, at which point, the rate becomes QL + 407) (Banks) | (c) | 5.950% | 217,000 | 223,510 |
Citigroup, Inc. DR (Rate is fixed until 05/15/2025, at which point, the rate becomes QL + 391) (Banks) | (c) | 5.950% | 142,000 | 151,940 |
Citigroup, Inc. (Rate is fixed until 12/10/2025, at which point, the rate becomes H15T5Y + 360) (Banks) | (c) | 4.000% | 101,000 | 101,758 |
Citigroup, Inc. DR (Rate is fixed until 02/15/2023, at which point, the rate becomes QL + 423) (Banks) | (c) | 5.900% | 27,000 | 27,810 |
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 | 445,410 |
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 | 80,465 |
Goldman Sachs Group, Inc. / The DR (Rate is fixed until 11/10/2026, at which point, the rate becomes H15T5Y + 295) (Capital Markets) | (c) | 4.125% | 120,000 | 121,972 |
JPMorgan Chase & Co. DR (Banks) | QL + 347 | 131,000 | 131,655 | |
JPMorgan Chase & Co. DR (Banks) | QL + 380 | 110,000 | 109,999 | |
JPMorgan Chase & Co. DR (Banks) | QL + 332 | 65,000 | 65,241 | |
Morgan Stanley DR (Capital Markets) | QL + 361 | 33,000 | 33,017 | |
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 | 286,080 |
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 | 319,010 |
3,069,231 | ||||
Industrials–0.1% | ||||
General Electric Co. (Industrial Conglomerates) | QL + 333 | 336,000 | 332,640 |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Preferred Securities (Continued) | Rate | Quantity | Value | |
Utilities–0.0% | ||||
Vistra Corp. (Rate is fixed until 12/15/2026, at which point, the rate becomes H15T5Y + 574) (Ind. Power & Renewable Elec.) | (b)(c) | 7.000% | 107,000 | $ 108,380 |
Total Preferred Securities (Cost $3,429,868) | $ 3,510,251 |
Sovereign Issues–0.7% | Rate | Maturity | Face Amount | Value | |
CDBL Funding 1 | 3.500% | 10/24/2027 | $ 230,000 | $ 239,861 | |
Colombia Government International Bond | 3.125% | 04/15/2031 | 540,000 | 484,164 | |
Comision Federal de Electricidad | (b) | 3.348% | 02/09/2031 | 236,000 | 230,978 |
Corp. Financiera de Desarrollo SA | (b) | 2.400% | 09/28/2027 | 435,000 | 423,037 |
Dominican Republic International Bond | (b) | 4.875% | 09/23/2032 | 250,000 | 254,062 |
Egypt Government International Bond | (b) | 5.875% | 02/16/2031 | 307,000 | 271,597 |
ENA Master Trust | (b) | 4.000% | 05/19/2048 | 203,000 | 203,508 |
Oleoducto Central SA | (b) | 4.000% | 07/14/2027 | 410,000 | 407,745 |
Oman Government International Bond | 4.875% | 02/01/2025 | 200,000 | 208,007 | |
Oman Government International Bond | (b) | 6.250% | 01/25/2031 | 230,000 | 251,236 |
Total Sovereign Issues (Cost $3,061,294) | $ 2,974,195 |
Taxable Municipal Bonds–0.1% | Rate | Maturity | Face Amount | Value | |
Ochsner LSU Health System of North Louisiana | 2.510% | 05/15/2031 | $ 230,000 | $ 224,948 | |
Tobacco Settlement Finance Authority | 3.000% | 06/01/2035 | 164,787 | 168,741 | |
University of California | 3.071% | 05/15/2051 | 310,000 | 312,610 | |
Total Taxable Municipal Bonds (Cost $706,539) | $ 706,299 |
Money Market Funds–5.4% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.040% | (g) | 17,506,249 | $ 17,508,000 |
State Street Institutional U.S. Government Money Market Fund, 0.025% | (g) | 6,562,698 | 6,562,698 |
Total Money Market Funds (Cost $24,071,682) | $ 24,070,698 | ||
Total Investments – 100.2% (Cost $355,074,441) | (h) | $448,072,979 | |
Liabilities in Excess of Other Assets – (0.2)% | (1,114,140) | ||
Net Assets – 100.0% | $446,958,839 |
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, 1.520% at 12/31/2021 | |
H15T1Y: | U.S. Treasury Yield Curve Rate T-Note Constant Maturity 1 Year, 0.390% at 12/31/2021 | |
H15T5Y: | U.S. Treasury Yield Curve Rate T-Note Constant Maturity 5 Year, 1.260% at 12/31/2021 | |
ML: | Monthly U.S. LIBOR Rate, 0.101% at 12/31/2021 | |
QL: | Quarterly U.S. LIBOR Rate, 0.209% at 12/31/2021 | |
SOFR: | Secured Overnight Financing Rate, 0.050% at 12/31/2021 | |
SOFR30A: | 30 Day Average Secured Overnight Financing Rate, 0.050% at 12/31/2021 | |
UMBS TBA: | Uniform Mortgage-Backed Security; the securities actually delivered on settlement of the To Be Announced ("TBA") could be issued by Fannie Mae, Freddie Mac, or any combination thereof | |
USISDA05: | USD ICE Swap Rate 11:00am NY 5 Year, 1.350% at 12/31/2021 |
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, 2021, the value of these securities totaled $43,152,567, or 9.7% 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, 2021. | |
(d) | Security is partially pledged as collateral for the futures contracts outstanding at December 31, 2021. The market value pledged totaled $4,332,928. See also the following Schedule of Open Futures Contracts. | |
(e) | 100 shares per contract. | |
(f) | Interest-only security | |
(g) | Rate represents the seven-day yield at December 31, 2021. | |
(h) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 7 of the Notes to Financial Statements. |
Ohio National Fund, Inc. | ON Risk Managed Balanced Portfolio (Continued) |
Schedule of Open Futures Contracts | December 31, 2021 |
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 18, 2022 | $ 12,084,936 | $ 12,372,100 | $ 287,164 | $ (35,750) | ||||||
CBT U.S. Ultra Bond - Long | 22 | March 22, 2022 | 4,232,439 | 4,336,750 | 104,311 | 33,469 | ||||||
CBT 10-Year U.S. Treasury Note - Long | 1,370 | March 22, 2022 | 177,812,334 | 178,742,188 | 929,854 | 85,625 | ||||||
CBT U.S. Long Bond - Long | 79 | March 22, 2022 | 12,466,683 | 12,674,563 | 207,880 | 44,438 | ||||||
CBT 5-Year U.S. Treasury Note - Long | 52 | March 31, 2022 | 6,293,740 | 6,290,781 | (2,959) | 3,866 | ||||||
CBT 2-Year U.S. Treasury Note - Long | 115 | March 31, 2022 | 25,118,282 | 25,089,766 | (28,516) | 7,711 | ||||||
$238,008,414 | $239,506,148 | $1,497,734 | $139,359 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
CBT 10-Year U.S. Ultra Bond - Short | 20 | March 22, 2022 | $ (2,887,004) | $ (2,928,750) | $ (41,746) | $ (3,492) | ||||||
Total Futures Contracts | $235,121,410 | $236,577,398 | $1,455,988 | $135,867 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Unaudited) |
Average Annual returns | |
One year | -1.27% |
Since inception (5/1/20) | 2.00% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2021. |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2021 (1) | |
% of Net Assets | |
Corporate Bonds (4) | 40.2 |
U.S. Treasury Obligations | 24.5 |
U.S. Government Agency Mortgage-Backed Securities | 20.2 |
Investment Companies | 8.9 |
Asset-Backed / Mortgage-Backed Securities (4) | 1.8 |
Sovereign Issues | 0.7 |
U.S. Government Agency Issues | 0.1 |
Money Market Funds and Other Net Assets | 3.6 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2021 (1) (2) (3) | ||
% of Net Assets | ||
1. | U.S. Treasury Note 0.125%, 06/30/2023 | 3.8 |
2. | Federated Hermes Core Trust - Emerging Markets Core Fund | 3.4 |
3. | Federated Hermes Core Trust III - Federated Project and Trade Finance Core Fund | 3.0 |
4. | Federated Hermes Core Trust - Bank Loan Core Fund | 2.5 |
5. | U.S. Treasury Note 0.875%, 06/30/2026 | 2.5 |
6. | U.S. Treasury Note 2.375%, 05/15/2051 | 2.4 |
7. | U.S. Treasury Note 1.625%, 05/15/2031 | 1.9 |
8. | U.S. Treasury Note 1.250%, 06/30/2028 | 1.8 |
9. | U.S. Treasury Note 2.250%, 05/15/2041 | 1.2 |
10. | U.S. Treasury Note 1.375%, 11/15/2031 | 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 (Corporate Bonds, Asset-Backed / Mortgage Backed Securities): |
% of Net Assets | |
Financials | 10.9 |
Industrials | 5.4 |
Communication Services | 4.9 |
Health Care | 3.7 |
Energy | 3.5 |
Consumer Staples | 2.8 |
Information Technology | 2.7 |
Consumer Discretionary | 2.3 |
Utilities | 2.1 |
Real Estate | 1.9 |
Materials | 1.8 |
42.0 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio |
Schedule of Investments | December 31, 2021 |
Corporate Bonds–40.2% | Rate | Maturity | Face Amount | Value | |
Communication Services–4.9% | |||||
Alphabet, Inc. (Interactive Media & Svs.) | 1.900% | 08/15/2040 | $ 650,000 | $ 591,891 | |
AMC Networks, Inc. (Media) | 5.000% | 04/01/2024 | 20,000 | 20,150 | |
AMC Networks, Inc. (Media) | 4.250% | 02/15/2029 | 100,000 | 99,375 | |
America Movil S.A.B de C.V. (Wireless Telecom. Svs.) | 2.875% | 05/07/2030 | 550,000 | 570,492 | |
AT&T, Inc. (Diversified Telecom. Svs.) | 0.900% | 03/25/2024 | 550,000 | 547,515 | |
AT&T, Inc. (Diversified Telecom. Svs.) | 1.700% | 03/25/2026 | 550,000 | 547,159 | |
AT&T, Inc. (Diversified Telecom. Svs.) | 4.300% | 02/15/2030 | 175,000 | 196,961 | |
AT&T, Inc. (Diversified Telecom. Svs.) | 3.500% | 06/01/2041 | 875,000 | 899,276 | |
AT&T, Inc. (Diversified Telecom. Svs.) | 3.800% | 12/01/2057 | 1,870,000 | 1,946,786 | |
Audacy Capital Corp. (Media) | (a) | 6.500% | 05/01/2027 | 100,000 | 98,920 |
Audacy Capital Corp. (Media) | (a) | 6.750% | 03/31/2029 | 150,000 | 146,545 |
Cars.com, Inc. (Interactive Media & Svs.) | (a) | 6.375% | 11/01/2028 | 150,000 | 159,750 |
CCO Holdings LLC / CCO Holdings Capital Corp. (Media) | (a) | 5.500% | 05/01/2026 | 25,000 | 25,755 |
CCO Holdings LLC / CCO Holdings Capital Corp. (Media) | (a) | 5.000% | 02/01/2028 | 150,000 | 156,000 |
CCO Holdings LLC / CCO Holdings Capital Corp. (Media) | (a) | 4.500% | 08/15/2030 | 450,000 | 460,435 |
CCO Holdings LLC / CCO Holdings Capital Corp. (Media) | (a) | 4.250% | 02/01/2031 | 225,000 | 226,976 |
CCO Holdings LLC / CCO Holdings Capital Corp. (Media) | (a) | 4.500% | 06/01/2033 | 175,000 | 178,540 |
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. (Media) | 6.484% | 10/23/2045 | 750,000 | 1,024,190 | |
Charter Communications Operating LLC / Charter Communications Operating Capital Corp. (Media) | 4.800% | 03/01/2050 | 705,000 | 789,342 | |
Comcast Corp. (Media) | 3.400% | 04/01/2030 | 225,000 | 245,558 | |
Comcast Corp. (Media) | 3.450% | 02/01/2050 | 2,250,000 | 2,402,600 | |
CSC Holdings LLC (Media) | (a) | 5.500% | 04/15/2027 | 200,000 | 206,750 |
CSC Holdings LLC (Media) | (a) | 7.500% | 04/01/2028 | 250,000 | 268,125 |
CSC Holdings LLC (Media) | (a) | 5.750% | 01/15/2030 | 200,000 | 199,250 |
CSC Holdings LLC (Media) | (a) | 4.625% | 12/01/2030 | 200,000 | 189,250 |
CSC Holdings LLC (Media) | (a) | 4.500% | 11/15/2031 | 300,000 | 296,250 |
Cumulus Media New Holdings, Inc. (Media) | (a) | 6.750% | 07/01/2026 | 148,000 | 153,550 |
Deutsche Telekom International Finance B.V. (Diversified Telecom. Svs.) | (a) | 3.600% | 01/19/2027 | 1,100,000 | 1,178,433 |
Diamond Sports Group LLC / Diamond Sports Finance Co. (Media) | (a) | 6.625% | 08/15/2027 | 25,000 | 7,000 |
DIRECTV Holdings LLC / DIRECTV Financing Co., Inc. (Media) | (a) | 5.875% | 08/15/2027 | 125,000 | 127,964 |
DISH DBS Corp. (Media) | (a) | 5.250% | 12/01/2026 | 50,000 | 50,789 |
DISH DBS Corp. (Media) | 7.375% | 07/01/2028 | 125,000 | 126,563 | |
DISH DBS Corp. (Media) | 5.125% | 06/01/2029 | 225,000 | 204,750 | |
Fox Corp. (Media) | 5.576% | 01/25/2049 | 375,000 | 511,836 | |
Gray Escrow II, Inc. (Media) | (a) | 5.375% | 11/15/2031 | 175,000 | 180,031 |
Gray Television, Inc. (Media) | (a) | 5.875% | 07/15/2026 | 25,000 | 25,828 |
Gray Television, Inc. (Media) | (a) | 4.750% | 10/15/2030 | 125,000 | 124,219 |
Grupo Televisa S.A.B. (Media) | 5.000% | 05/13/2045 | 1,100,000 | 1,298,349 | |
iHeartCommunications, Inc. (Media) | 6.375% | 05/01/2026 | 50,000 | 51,875 | |
iHeartCommunications, Inc. (Media) | 8.375% | 05/01/2027 | 200,000 | 210,868 | |
iHeartCommunications, Inc. (Media) | (a) | 5.250% | 08/15/2027 | 225,000 | 234,023 |
Interpublic Group of Cos., Inc. / The (Media) | 3.375% | 03/01/2041 | 1,395,000 | 1,436,263 | |
Lamar Media Corp. (Media) | 3.750% | 02/15/2028 | 75,000 | 75,188 | |
Lamar Media Corp. (Media) | 4.875% | 01/15/2029 | 75,000 | 78,281 | |
Match Group Holdings II LLC (Interactive Media & Svs.) | (a) | 5.000% | 12/15/2027 | 125,000 | 130,000 |
Match Group Holdings II LLC (Interactive Media & Svs.) | (a) | 4.625% | 06/01/2028 | 150,000 | 156,060 |
Match Group Holdings II LLC (Interactive Media & Svs.) | (a) | 4.125% | 08/01/2030 | 25,000 | 25,250 |
Match Group Holdings II LLC (Interactive Media & Svs.) | (a) | 3.625% | 10/01/2031 | 50,000 | 48,563 |
Midas OpCo Holdings LLC (Media) | (a) | 5.625% | 08/15/2029 | 200,000 | 204,750 |
Millennium Escrow Corp. (Interactive Media & Svs.) | (a) | 6.625% | 08/01/2026 | 75,000 | 75,188 |
Nexstar Media, Inc. (Media) | (a) | 5.625% | 07/15/2027 | 250,000 | 263,530 |
Nexstar Media, Inc. (Media) | (a) | 4.750% | 11/01/2028 | 75,000 | 76,406 |
Rackspace Technology Global, Inc. (Interactive Media & Svs.) | (a) | 3.500% | 02/15/2028 | 100,000 | 95,197 |
Rackspace Technology Global, Inc. (Interactive Media & Svs.) | (a) | 5.375% | 12/01/2028 | 125,000 | 121,875 |
ROBLOX Corp. (Entertainment) | (a) | 3.875% | 05/01/2030 | 75,000 | 76,076 |
Scripps Escrow, Inc. (Media) | (a) | 5.875% | 07/15/2027 | 275,000 | 288,905 |
Sinclair Television Group, Inc. (Media) | (a) | 5.875% | 03/15/2026 | 150,000 | 152,250 |
Sinclair Television Group, Inc. (Media) | (a) | 5.125% | 02/15/2027 | 100,000 | 97,000 |
Sinclair Television Group, Inc. (Media) | (a) | 5.500% | 03/01/2030 | 100,000 | 97,000 |
Sirius XM Radio, Inc. (Media) | (a) | 3.125% | 09/01/2026 | 100,000 | 100,029 |
Sirius XM Radio, Inc. (Media) | (a) | 5.500% | 07/01/2029 | 50,000 | 53,875 |
Sirius XM Radio, Inc. (Media) | (a) | 4.125% | 07/01/2030 | 100,000 | 100,000 |
Sirius XM Radio, Inc. (Media) | (a) | 3.875% | 09/01/2031 | 250,000 | 245,113 |
Sky Ltd. (Media) | (a) | 3.750% | 09/16/2024 | 575,000 | 612,261 |
Sprint Capital Corp. (Wireless Telecom. Svs.) | 6.875% | 11/15/2028 | 50,000 | 63,250 | |
Sprint Corp. (Wireless Telecom. Svs.) | 7.625% | 03/01/2026 | 75,000 | 90,045 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Communication Services (continued) | |||||
TEGNA, Inc. (Media) | (a) | 4.750% | 03/15/2026 | $ 100,000 | $ 104,000 |
TEGNA, Inc. (Media) | 4.625% | 03/15/2028 | 150,000 | 151,619 | |
TEGNA, Inc. (Media) | 5.000% | 09/15/2029 | 75,000 | 76,688 | |
Telefonica Emisiones SA (Diversified Telecom. Svs.) | 4.895% | 03/06/2048 | 1,100,000 | 1,323,086 | |
Telenet Finance Luxembourg Notes SARL (Media) | (a) | 5.500% | 03/01/2028 | 600,000 | 618,000 |
Terrier Media Buyer, Inc. (Media) | (a) | 8.875% | 12/15/2027 | 250,000 | 270,193 |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | 4.750% | 02/01/2028 | 525,000 | 552,563 | |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | (a) | 3.375% | 04/15/2029 | 200,000 | 203,788 |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | 4.500% | 04/15/2050 | 450,000 | 526,681 | |
T-Mobile U.S.A., Inc. (Wireless Telecom. Svs.) | 3.300% | 02/15/2051 | 700,000 | 683,651 | |
Townsquare Media, Inc. (Media) | (a) | 6.875% | 02/01/2026 | 25,000 | 26,531 |
Univision Communications, Inc. (Media) | (a) | 4.500% | 05/01/2029 | 25,000 | 25,250 |
UPC Broadband Finco B.V. (Media) | (a) | 4.875% | 07/15/2031 | 200,000 | 204,000 |
Urban One, Inc. (Media) | (a) | 7.375% | 02/01/2028 | 175,000 | 180,250 |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 3.400% | 03/22/2041 | 1,205,000 | 1,261,567 | |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 4.000% | 03/22/2050 | 1,300,000 | 1,492,702 | |
ViacomCBS, Inc. (Media) | 4.950% | 01/15/2031 | 800,000 | 953,008 | |
ViacomCBS, Inc. (Media) | 4.900% | 08/15/2044 | 450,000 | 547,539 | |
Virgin Media Finance PLC (Media) | (a) | 5.000% | 07/15/2030 | 400,000 | 398,000 |
Vmed O2 U.K. Financing I PLC (Wireless Telecom. Svs.) | (a) | 4.750% | 07/15/2031 | 200,000 | 202,500 |
Vodafone Group PLC (Wireless Telecom. Svs.) | 4.125% | 05/30/2025 | 525,000 | 567,236 | |
Vodafone Group PLC (Wireless Telecom. Svs.) | 5.250% | 05/30/2048 | 650,000 | 846,622 | |
Walt Disney Co. / The (Entertainment) | 3.800% | 03/22/2030 | 125,000 | 140,210 | |
Walt Disney Co. / The (Entertainment) | 4.700% | 03/23/2050 | 525,000 | 692,624 | |
Walt Disney Co. / The (Entertainment) | 3.600% | 01/13/2051 | 350,000 | 395,803 | |
WMG Acquisition Corp. (Entertainment) | (a) | 3.750% | 12/01/2029 | 50,000 | 49,875 |
WMG Acquisition Corp. (Entertainment) | (a) | 3.875% | 07/15/2030 | 50,000 | 50,813 |
Ziggo B.V. (Diversified Telecom. Svs.) | (a) | 5.500% | 01/15/2027 | 176,000 | 180,840 |
Ziggo Bond Co. B.V. (Media) | (a) | 5.125% | 02/28/2030 | 400,000 | 402,000 |
34,869,913 | |||||
Consumer Discretionary–2.3% | |||||
1011778 B.C. ULC / New Red Finance, Inc. (Hotels, Restaurants & Leisure) | (a) | 4.000% | 10/15/2030 | 350,000 | 343,875 |
Academy Ltd. (Specialty Retail) | (a) | 6.000% | 11/15/2027 | 100,000 | 106,625 |
Adient Global Holdings Ltd. (Auto Components) | (a) | 4.875% | 08/15/2026 | 250,000 | 255,000 |
Advance Auto Parts, Inc. (Specialty Retail) | 3.900% | 04/15/2030 | 1,375,000 | 1,499,677 | |
Affinity Gaming (Hotels, Restaurants & Leisure) | (a) | 6.875% | 12/15/2027 | 175,000 | 182,000 |
Amazon.com, Inc. (Internet & Direct Marketing Retail) | 3.875% | 08/22/2037 | 875,000 | 1,028,417 | |
Amazon.com, Inc. (Internet & Direct Marketing Retail) | 2.500% | 06/03/2050 | 725,000 | 690,299 | |
Aramark Services, Inc. (Hotels, Restaurants & Leisure) | (a) | 5.000% | 04/01/2025 | 50,000 | 51,010 |
Aramark Services, Inc. (Hotels, Restaurants & Leisure) | (a) | 5.000% | 02/01/2028 | 75,000 | 77,531 |
Asbury Automotive Group, Inc. (Specialty Retail) | (a) | 4.625% | 11/15/2029 | 100,000 | 101,875 |
Asbury Automotive Group, Inc. (Specialty Retail) | (a) | 5.000% | 02/15/2032 | 75,000 | 77,827 |
AutoNation, Inc. (Specialty Retail) | 4.750% | 06/01/2030 | 585,000 | 668,241 | |
AutoNation, Inc. (Specialty Retail) | 2.400% | 08/01/2031 | 550,000 | 530,482 | |
Boyd Gaming Corp. (Hotels, Restaurants & Leisure) | (a) | 8.625% | 06/01/2025 | 37,000 | 39,646 |
Boyd Gaming Corp. (Hotels, Restaurants & Leisure) | 4.750% | 12/01/2027 | 250,000 | 255,000 | |
Caesars Entertainment, Inc. (Hotels, Restaurants & Leisure) | (a) | 6.250% | 07/01/2025 | 100,000 | 104,962 |
Caesars Entertainment, Inc. (Hotels, Restaurants & Leisure) | (a) | 8.125% | 07/01/2027 | 75,000 | 83,058 |
Caesars Entertainment, Inc. (Hotels, Restaurants & Leisure) | (a) | 4.625% | 10/15/2029 | 125,000 | 125,000 |
Clarios Global LP (Automobiles) | (a) | 6.750% | 05/15/2025 | 122,000 | 127,795 |
Clarios Global LP / Clarios U.S. Finance Co. (Auto Components) | (a) | 6.250% | 05/15/2026 | 22,000 | 23,018 |
Clarios Global LP / Clarios U.S. Finance Co. (Auto Components) | (a) | 8.500% | 05/15/2027 | 300,000 | 318,000 |
Daimler Finance North America LLC (Automobiles) | (a) | 3.350% | 02/22/2023 | 950,000 | 976,361 |
Daimler Trucks Finance North America LLC (Automobiles) | (a) | 2.000% | 12/14/2026 | 540,000 | 542,304 |
Daimler Trucks Finance North America LLC (Automobiles) | (a) | 2.375% | 12/14/2028 | 180,000 | 180,856 |
Dana Financing Luxembourg SARL (Auto Components) | (a) | 5.750% | 04/15/2025 | 75,000 | 76,781 |
Dana, Inc. (Auto Components) | 5.375% | 11/15/2027 | 125,000 | 131,087 | |
Dana, Inc. (Auto Components) | 4.500% | 02/15/2032 | 100,000 | 99,750 | |
Dollar General Corp. (Multiline Retail) | 3.875% | 04/15/2027 | 1,075,000 | 1,178,886 | |
Dornoch Debt Merger Sub, Inc. (Auto Components) | (a) | 6.625% | 10/15/2029 | 200,000 | 197,500 |
Expedia Group, Inc. (Hotels, Restaurants & Leisure) | 3.800% | 02/15/2028 | 750,000 | 801,862 | |
Gap, Inc. / The (Specialty Retail) | (a) | 3.625% | 10/01/2029 | 25,000 | 24,728 |
Gap, Inc. / The (Specialty Retail) | (a) | 3.875% | 10/01/2031 | 50,000 | 49,313 |
Garda World Security Corp. (Diversified Consumer Svs.) | (a) | 9.500% | 11/01/2027 | 225,000 | 242,592 |
Gates Global LLC / Gates Corp. (Auto Components) | (a) | 6.250% | 01/15/2026 | 275,000 | 283,938 |
General Motors Co. (Automobiles) | 6.125% | 10/01/2025 | 575,000 | 660,519 | |
Hilton Domestic Operating Co., Inc. (Hotels, Restaurants & Leisure) | (a) | 5.375% | 05/01/2025 | 100,000 | 104,060 |
Hilton Domestic Operating Co., Inc. (Hotels, Restaurants & Leisure) | (a) | 3.625% | 02/15/2032 | 100,000 | 99,474 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Consumer Discretionary (continued) | |||||
Home Depot, Inc. / The (Specialty Retail) | 3.300% | 04/15/2040 | $ 1,300,000 | $ 1,409,429 | |
IHO Verwaltungs GmbH (Auto Components) | (a)(b) | 4.750%, 5.500% PIK | 09/15/2026 | 200,000 | 204,000 |
J.B. Poindexter & Co., Inc. (Auto Components) | (a) | 7.125% | 04/15/2026 | 50,000 | 52,316 |
Kontoor Brands, Inc. (Textiles, Apparel & Luxury Goods) | (a) | 4.125% | 11/15/2029 | 25,000 | 25,000 |
MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer, Inc. (Hotels, Restaurants & Leisure) | (a) | 4.625% | 06/15/2025 | 75,000 | 79,957 |
MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer, Inc. (Hotels, Restaurants & Leisure) | 4.500% | 01/15/2028 | 75,000 | 81,000 | |
MGM Resorts International (Hotels, Restaurants & Leisure) | 6.750% | 05/01/2025 | 75,000 | 78,375 | |
MGM Resorts International (Hotels, Restaurants & Leisure) | 4.625% | 09/01/2026 | 50,000 | 52,000 | |
Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp. (Hotels, Restaurants & Leisure) | (a) | 4.875% | 05/01/2029 | 150,000 | 150,750 |
Mohegan Gaming & Entertainment (Hotels, Restaurants & Leisure) | (a) | 8.000% | 02/01/2026 | 325,000 | 341,214 |
Penn National Gaming, Inc. (Hotels, Restaurants & Leisure) | (a) | 5.625% | 01/15/2027 | 100,000 | 102,000 |
Penn National Gaming, Inc. (Hotels, Restaurants & Leisure) | (a) | 4.125% | 07/01/2029 | 50,000 | 48,500 |
Raptor Acquisition Corp. / Raptor Co-Issuer LLC (Hotels, Restaurants & Leisure) | (a) | 4.875% | 11/01/2026 | 125,000 | 126,250 |
Real Hero Merger Sub 2, Inc. (Auto Components) | (a) | 6.250% | 02/01/2029 | 325,000 | 324,493 |
Scientific Games International, Inc. (Hotels, Restaurants & Leisure) | (a) | 8.625% | 07/01/2025 | 100,000 | 106,750 |
Scientific Games International, Inc. (Hotels, Restaurants & Leisure) | (a) | 7.250% | 11/15/2029 | 200,000 | 223,000 |
SeaWorld Parks & Entertainment, Inc. (Hotels, Restaurants & Leisure) | (a) | 5.250% | 08/15/2029 | 125,000 | 127,282 |
Signal Parent, Inc. (Diversified Consumer Svs.) | (a) | 6.125% | 04/01/2029 | 150,000 | 133,125 |
Six Flags Entertainment Corp. (Hotels, Restaurants & Leisure) | (a) | 5.500% | 04/15/2027 | 150,000 | 155,250 |
Station Casinos LLC (Hotels, Restaurants & Leisure) | (a) | 4.500% | 02/15/2028 | 125,000 | 125,712 |
Station Casinos LLC (Hotels, Restaurants & Leisure) | (a) | 4.625% | 12/01/2031 | 50,000 | 50,410 |
William Carter Co. / The (Textiles, Apparel & Luxury Goods) | (a) | 5.500% | 05/15/2025 | 25,000 | 25,938 |
Wyndham Hotels & Resorts, Inc. (Hotels, Restaurants & Leisure) | (a) | 4.375% | 08/15/2028 | 75,000 | 77,250 |
Yum! Brands, Inc. (Hotels, Restaurants & Leisure) | 3.625% | 03/15/2031 | 50,000 | 49,812 | |
Yum! Brands, Inc. (Hotels, Restaurants & Leisure) | 4.625% | 01/31/2032 | 150,000 | 159,393 | |
16,648,555 | |||||
Consumer Staples–2.8% | |||||
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC (Food & Staples Retailing) | (a) | 5.875% | 02/15/2028 | 100,000 | 106,000 |
Alimentation Couche-Tard, Inc. (Food & Staples Retailing) | (a) | 3.800% | 01/25/2050 | 1,025,000 | 1,108,813 |
Altria Group, Inc. (Tobacco) | 3.875% | 09/16/2046 | 1,500,000 | 1,450,874 | |
Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 4.350% | 06/01/2040 | 600,000 | 705,191 | |
Anheuser-Busch InBev Worldwide, Inc. (Beverages) | 4.500% | 06/01/2050 | 2,050,000 | 2,527,277 | |
B.A.T. Capital Corp. (Tobacco) | 3.734% | 09/25/2040 | 300,000 | 288,161 | |
B.A.T. Capital Corp. (Tobacco) | 4.540% | 08/15/2047 | 1,025,000 | 1,071,968 | |
Coca-Cola Europacific Partners PLC (Beverages) | (a) | 1.500% | 01/15/2027 | 600,000 | 587,818 |
Coca-Cola Femsa S.A.B de C.V. (Beverages) | 2.750% | 01/22/2030 | 750,000 | 767,070 | |
Coca-Cola Femsa S.A.B de C.V. (Beverages) | 1.850% | 09/01/2032 | 450,000 | 424,080 | |
Constellation Brands, Inc. (Beverages) | 3.750% | 05/01/2050 | 600,000 | 655,346 | |
Edgewell Personal Care Co. (Personal Products) | (a) | 5.500% | 06/01/2028 | 75,000 | 79,609 |
Edgewell Personal Care Co. (Personal Products) | (a) | 4.125% | 04/01/2029 | 75,000 | 75,563 |
Energizer Holdings, Inc. (Household Products) | (a) | 4.375% | 03/31/2029 | 150,000 | 146,392 |
Flowers Foods, Inc. (Food Products) | 3.500% | 10/01/2026 | 925,000 | 992,140 | |
Flowers Foods, Inc. (Food Products) | 2.400% | 03/15/2031 | 185,000 | 182,201 | |
General Mills, Inc. (Food Products) | 3.700% | 10/17/2023 | 150,000 | 156,956 | |
Grupo Bimbo S.A.B de C.V. (Food Products) | (a) | 4.875% | 06/27/2044 | 925,000 | 1,103,738 |
Keurig Dr Pepper, Inc. (Beverages) | 4.417% | 05/25/2025 | 150,000 | 163,195 | |
Kraft Heinz Foods Co. (Food Products) | 3.875% | 05/15/2027 | 150,000 | 162,021 | |
Kraft Heinz Foods Co. (Food Products) | 4.375% | 06/01/2046 | 1,250,000 | 1,463,750 | |
Kroger Co. / The (Food & Staples Retailing) | 3.950% | 01/15/2050 | 575,000 | 661,153 | |
Performance Food Group, Inc. (Food & Staples Retailing) | (a) | 5.500% | 10/15/2027 | 50,000 | 52,188 |
Performance Food Group, Inc. (Food & Staples Retailing) | (a) | 4.250% | 08/01/2029 | 75,000 | 74,405 |
Philip Morris International, Inc. (Tobacco) | 3.875% | 08/21/2042 | 865,000 | 930,337 | |
Post Holdings, Inc. (Food Products) | (a) | 5.750% | 03/01/2027 | 475,000 | 490,437 |
Post Holdings, Inc. (Food Products) | (a) | 5.500% | 12/15/2029 | 100,000 | 105,063 |
Post Holdings, Inc. (Food Products) | (a) | 4.625% | 04/15/2030 | 75,000 | 76,388 |
Smithfield Foods, Inc. (Food Products) | (a) | 3.000% | 10/15/2030 | 1,025,000 | 1,020,799 |
Smithfield Foods, Inc. (Food Products) | (a) | 2.625% | 09/13/2031 | 500,000 | 483,765 |
Sysco Corp. (Food & Staples Retailing) | 4.450% | 03/15/2048 | 1,025,000 | 1,206,081 | |
U.S. Foods, Inc. (Food & Staples Retailing) | (a) | 4.750% | 02/15/2029 | 150,000 | 152,437 |
U.S. Foods, Inc. (Food & Staples Retailing) | (a) | 4.625% | 06/01/2030 | 125,000 | 126,394 |
Unilever Capital Corp. (Personal Products) | 0.375% | 09/14/2023 | 100,000 | 99,367 | |
19,696,977 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Energy–3.5% | |||||
Antero Midstream Partners LP / Antero Midstream Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 7.875% | 05/15/2026 | $ 125,000 | $ 137,755 |
Antero Midstream Partners LP / Antero Midstream Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 5.750% | 03/01/2027 | 225,000 | 233,156 |
Antero Midstream Partners LP / Antero Midstream Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 5.750% | 01/15/2028 | 100,000 | 104,863 |
Antero Midstream Partners LP / Antero Midstream Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 5.375% | 06/15/2029 | 150,000 | 158,252 |
Antero Resources Corp. (Oil, Gas & Consumable Fuels) | (a) | 8.375% | 07/15/2026 | 32,000 | 36,434 |
Antero Resources Corp. (Oil, Gas & Consumable Fuels) | (a) | 5.375% | 03/01/2030 | 75,000 | 80,175 |
Apache Corp. (Oil, Gas & Consumable Fuels) | 4.375% | 10/15/2028 | 75,000 | 81,599 | |
Archrock Partners LP / Archrock Partners Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 6.875% | 04/01/2027 | 125,000 | 131,250 |
Archrock Partners LP / Archrock Partners Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 6.250% | 04/01/2028 | 150,000 | 156,408 |
Ascent Resources Utica Holdings LLC / ARU Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 7.000% | 11/01/2026 | 100,000 | 101,375 |
Ascent Resources Utica Holdings LLC / ARU Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 5.875% | 06/30/2029 | 100,000 | 96,219 |
Boardwalk Pipelines LP (Oil, Gas & Consumable Fuels) | 3.400% | 02/15/2031 | 600,000 | 619,337 | |
BP Capital Markets America, Inc. (Oil, Gas & Consumable Fuels) | 3.194% | 04/06/2025 | 500,000 | 527,328 | |
BP Capital Markets America, Inc. (Oil, Gas & Consumable Fuels) | 3.588% | 04/14/2027 | 1,000,000 | 1,079,896 | |
Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels) | 2.050% | 07/15/2025 | 725,000 | 731,930 | |
Cenovus Energy, Inc. (Oil, Gas & Consumable Fuels) | 4.250% | 04/15/2027 | 1,300,000 | 1,416,988 | |
Centennial Resource Production LLC (Oil, Gas & Consumable Fuels) | (a) | 6.875% | 04/01/2027 | 150,000 | 153,000 |
Cheniere Energy Partners LP (Oil, Gas & Consumable Fuels) | 4.500% | 10/01/2029 | 100,000 | 106,000 | |
Cheniere Energy Partners LP (Oil, Gas & Consumable Fuels) | (a) | 3.250% | 01/31/2032 | 50,000 | 50,500 |
Cheniere Energy, Inc. (Oil, Gas & Consumable Fuels) | 4.625% | 10/15/2028 | 25,000 | 26,593 | |
Chesapeake Energy Corp. (Oil, Gas & Consumable Fuels) | (a) | 5.875% | 02/01/2029 | 25,000 | 26,744 |
Chevron Corp. (Oil, Gas & Consumable Fuels) | 3.078% | 05/11/2050 | 650,000 | 690,016 | |
CNX Midstream Partners LP (Oil, Gas & Consumable Fuels) | (a) | 4.750% | 04/15/2030 | 125,000 | 124,531 |
Comstock Resources, Inc. (Oil, Gas & Consumable Fuels) | (a) | 6.750% | 03/01/2029 | 150,000 | 162,690 |
CrownRock LP / CrownRock Finance, Inc. (Oil, Gas & Consumable Fuels) | (a) | 5.625% | 10/15/2025 | 225,000 | 230,062 |
CrownRock LP / CrownRock Finance, Inc. (Oil, Gas & Consumable Fuels) | (a) | 5.000% | 05/01/2029 | 75,000 | 77,812 |
DT Midstream, Inc. (Oil, Gas & Consumable Fuels) | (a) | 4.375% | 06/15/2031 | 75,000 | 78,000 |
Eastern Gas Transmission & Storage, Inc. (Oil, Gas & Consumable Fuels) | (a) | 3.900% | 11/15/2049 | 150,000 | 166,054 |
Enbridge Energy Partners LP (Oil, Gas & Consumable Fuels) | 5.500% | 09/15/2040 | 700,000 | 898,675 | |
Energy Transfer LP (Oil, Gas & Consumable Fuels) | 3.750% | 05/15/2030 | 700,000 | 741,759 | |
Enterprise Products Operating LLC (Oil, Gas & Consumable Fuels) | 3.700% | 01/31/2051 | 1,150,000 | 1,206,503 | |
Enviva Partners LP / Enviva Partners Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 6.500% | 01/15/2026 | 75,000 | 77,437 |
EQM Midstream Partners LP (Oil, Gas & Consumable Fuels) | 5.500% | 07/15/2028 | 275,000 | 300,439 | |
EQM Midstream Partners LP (Oil, Gas & Consumable Fuels) | (a) | 4.500% | 01/15/2029 | 75,000 | 78,000 |
EQM Midstream Partners LP (Oil, Gas & Consumable Fuels) | 6.500% | 07/15/2048 | 175,000 | 212,626 | |
EQT Corp. (Oil, Gas & Consumable Fuels) | 6.625% | 02/01/2025 | 75,000 | 84,563 | |
EQT Corp. (Oil, Gas & Consumable Fuels) | 5.000% | 01/15/2029 | 25,000 | 27,688 | |
EQT Corp. (Oil, Gas & Consumable Fuels) | (a) | 3.625% | 05/15/2031 | 50,000 | 51,875 |
Hess Corp. (Oil, Gas & Consumable Fuels) | 5.600% | 02/15/2041 | 980,000 | 1,209,870 | |
Hess Midstream Operations LP (Oil, Gas & Consumable Fuels) | (a) | 5.125% | 06/15/2028 | 75,000 | 78,094 |
Hess Midstream Operations LP (Oil, Gas & Consumable Fuels) | (a) | 4.250% | 02/15/2030 | 75,000 | 74,438 |
Holly Energy Partners LP / Holly Energy Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 5.000% | 02/01/2028 | 75,000 | 74,719 |
Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels) | 3.250% | 08/01/2050 | 420,000 | 401,915 | |
Marathon Oil Corp. (Oil, Gas & Consumable Fuels) | 4.400% | 07/15/2027 | 1,025,000 | 1,122,764 | |
Marathon Petroleum Corp. (Oil, Gas & Consumable Fuels) | 4.750% | 09/15/2044 | 725,000 | 853,187 | |
Nabors Industries Ltd. (Energy Equip. & Svs.) | (a) | 7.250% | 01/15/2026 | 125,000 | 115,625 |
Nabors Industries Ltd. (Energy Equip. & Svs.) | (a) | 7.500% | 01/15/2028 | 25,000 | 22,625 |
Nabors Industries, Inc. (Oil, Gas & Consumable Fuels) | (a) | 7.375% | 05/15/2027 | 50,000 | 51,760 |
NuStar Logistics LP (Oil, Gas & Consumable Fuels) | 6.000% | 06/01/2026 | 150,000 | 162,750 | |
NuStar Logistics LP (Oil, Gas & Consumable Fuels) | 6.375% | 10/01/2030 | 75,000 | 83,250 | |
Oasis Midstream Partners LP / OMP Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 8.000% | 04/01/2029 | 75,000 | 81,750 |
Oasis Petroleum, Inc. (Oil, Gas & Consumable Fuels) | (a) | 6.375% | 06/01/2026 | 50,000 | 52,375 |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 8.000% | 07/15/2025 | 125,000 | 145,937 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 8.875% | 07/15/2030 | 100,000 | 134,866 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 6.450% | 09/15/2036 | 175,000 | 223,126 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 4.300% | 08/15/2039 | 175,000 | 174,522 | |
Occidental Petroleum Corp. (Oil, Gas & Consumable Fuels) | 4.400% | 04/15/2046 | 150,000 | 153,750 | |
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 2.200% | 09/15/2025 | 225,000 | 227,253 | |
ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 4.500% | 03/15/2050 | 875,000 | 969,087 | |
PDC Energy, Inc. (Oil, Gas & Consumable Fuels) | 5.750% | 05/15/2026 | 125,000 | 129,174 | |
Phillips 66 (Oil, Gas & Consumable Fuels) | 0.900% | 02/15/2024 | 150,000 | 148,887 | |
Phillips 66 (Oil, Gas & Consumable Fuels) | 3.850% | 04/09/2025 | 500,000 | 533,132 | |
Phillips 66 (Oil, Gas & Consumable Fuels) | 4.875% | 11/15/2044 | 725,000 | 914,043 | |
Precision Drilling Corp. (Energy Equip. & Svs.) | (a) | 6.875% | 01/15/2029 | 75,000 | 76,441 |
Range Resources Corp. (Oil, Gas & Consumable Fuels) | 4.875% | 05/15/2025 | 50,000 | 51,625 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Energy (continued) | |||||
Range Resources Corp. (Oil, Gas & Consumable Fuels) | 9.250% | 02/01/2026 | $ 25,000 | $ 26,945 | |
Range Resources Corp. (Oil, Gas & Consumable Fuels) | 8.250% | 01/15/2029 | 100,000 | 111,500 | |
Rattler Midstream LP (Oil, Gas & Consumable Fuels) | (a) | 5.625% | 07/15/2025 | 25,000 | 26,000 |
Rockcliff Energy II LLC (Oil, Gas & Consumable Fuels) | (a) | 5.500% | 10/15/2029 | 100,000 | 103,000 |
Shell International Finance B.V. (Oil, Gas & Consumable Fuels) | 0.375% | 09/15/2023 | 680,000 | 675,451 | |
SM Energy Co. (Oil, Gas & Consumable Fuels) | 6.750% | 09/15/2026 | 50,000 | 51,375 | |
SM Energy Co. (Oil, Gas & Consumable Fuels) | 6.500% | 07/15/2028 | 100,000 | 103,500 | |
Southwestern Energy Co. (Oil, Gas & Consumable Fuels) | 7.750% | 10/01/2027 | 25,000 | 26,969 | |
Southwestern Energy Co. (Oil, Gas & Consumable Fuels) | 5.375% | 03/15/2030 | 75,000 | 80,361 | |
Southwestern Energy Co. (Oil, Gas & Consumable Fuels) | 4.750% | 02/01/2032 | 25,000 | 26,328 | |
Suncor Energy, Inc. (Oil, Gas & Consumable Fuels) | 3.750% | 03/04/2051 | 1,150,000 | 1,234,264 | |
Tap Rock Resources LLC (Oil, Gas & Consumable Fuels) | (a) | 7.000% | 10/01/2026 | 100,000 | 104,000 |
Targa Resources Partners LP / Targa Resources Partners Finance Corp. (Oil, Gas & Consumable Fuels) | 5.875% | 04/15/2026 | 100,000 | 104,346 | |
Targa Resources Partners LP / Targa Resources Partners Finance Corp. (Oil, Gas & Consumable Fuels) | 5.375% | 02/01/2027 | 150,000 | 154,585 | |
Targa Resources Partners LP / Targa Resources Partners Finance Corp. (Oil, Gas & Consumable Fuels) | 4.875% | 02/01/2031 | 150,000 | 162,892 | |
Targa Resources Partners LP / Targa Resources Partners Finance Corp. (Oil, Gas & Consumable Fuels) | (a) | 4.000% | 01/15/2032 | 75,000 | 78,375 |
U.S.A. Compression Partners LP / U.S.A. Compression Finance Corp. (Energy Equip. & Svs.) | 6.875% | 04/01/2026 | 300,000 | 312,000 | |
Valero Energy Corp. (Oil, Gas & Consumable Fuels) | 4.350% | 06/01/2028 | 500,000 | 551,323 | |
Valero Energy Corp. (Oil, Gas & Consumable Fuels) | 2.800% | 12/01/2031 | 500,000 | 498,440 | |
Western Midstream Operating LP (Oil, Gas & Consumable Fuels) | 4.000% | 07/01/2022 | 100,000 | 100,250 | |
Western Midstream Operating LP (Oil, Gas & Consumable Fuels) | 4.500% | 03/01/2028 | 200,000 | 217,500 | |
Western Midstream Operating LP (Oil, Gas & Consumable Fuels) | 5.300% | 03/01/2048 | 75,000 | 90,375 | |
Western Midstream Operating LP (Oil, Gas & Consumable Fuels) | 5.500% | 08/15/2048 | 25,000 | 29,863 | |
Williams Cos., Inc. / The (Oil, Gas & Consumable Fuels) | 3.750% | 06/15/2027 | 725,000 | 782,694 | |
25,183,833 | |||||
Financials–9.1% | |||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Diversified Financial Svs.) | 3.000% | 10/29/2028 | 315,000 | 319,453 | |
AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Diversified Financial Svs.) | 3.400% | 10/29/2033 | 700,000 | 712,680 | |
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer (Insurance) | (a) | 6.750% | 10/15/2027 | 100,000 | 103,750 |
American Express Co. (Consumer Finance) | (a) | 3.300% | 05/03/2027 | 1,150,000 | 1,232,945 |
American International Group, Inc. (Insurance) | 4.500% | 07/16/2044 | 725,000 | 892,874 | |
AmWINS Group, Inc. (Insurance) | (a) | 4.875% | 06/30/2029 | 125,000 | 126,250 |
Ardonagh Midco 2 PLC (Insurance) | (a)(b) | 11.500%, 12.750% PIK | 01/15/2027 | 212,750 | 236,938 |
AssuredPartners, Inc. (Insurance) | (a) | 7.000% | 08/15/2025 | 75,000 | 75,562 |
AssuredPartners, Inc. (Insurance) | (a) | 5.625% | 01/15/2029 | 125,000 | 121,562 |
Bank of America Corp. (Rate is fixed until 02/13/2025, at which point, the rate becomes QL + 64) (Banks) | (c) | 2.015% | 02/13/2026 | 3,425,000 | 3,469,080 |
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 | 2,600,000 | 2,626,455 |
Bank of America Corp. (Rate is fixed until 04/22/2031, at which point, the rate becomes SOFR + 132) (Banks) | (c) | 2.687% | 04/22/2032 | 1,450,000 | 1,471,498 |
Bank of New York Mellon Corp. / The (Capital Markets) | 2.200% | 08/16/2023 | 1,850,000 | 1,890,076 | |
BlackRock, Inc. (Capital Markets) | 1.900% | 01/28/2031 | 575,000 | 566,623 | |
BroadStreet Partners, Inc. (Insurance) | (a) | 5.875% | 04/15/2029 | 300,000 | 294,750 |
Capital One Financial Corp. (Consumer Finance) | 3.900% | 01/29/2024 | 1,025,000 | 1,078,636 | |
Chubb INA Holdings, Inc. (Insurance) | 3.350% | 05/03/2026 | 575,000 | 616,473 | |
Citigroup, Inc. (Rate is fixed until 04/24/2024, at which point, the rate becomes QL + 90) (Banks) | (c) | 3.352% | 04/24/2025 | 1,000,000 | 1,044,149 |
Citigroup, Inc. (Rate is fixed until 01/28/2026, at which point, the rate becomes SOFR + 77) (Banks) | (c) | 1.122% | 01/28/2027 | 875,000 | 852,237 |
Citigroup, Inc. (Rate is fixed until 01/29/2030, at which point, the rate becomes SOFR + 115) (Banks) | (c) | 2.666% | 01/29/2031 | 2,200,000 | 2,233,299 |
Citizens Bank N.A. (Banks) | 3.750% | 02/18/2026 | 725,000 | 781,108 | |
Comerica, Inc. (Banks) | 3.800% | 07/22/2026 | 675,000 | 728,247 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 4.250% | 09/20/2022 | 400,000 | 407,200 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 4.063% | 11/01/2024 | 250,000 | 263,042 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 2.700% | 08/10/2026 | 225,000 | 226,969 | |
Ford Motor Credit Co. LLC (Consumer Finance) | 5.113% | 05/03/2029 | 400,000 | 454,500 | |
General Motors Financial Co., Inc. (Consumer Finance) | 2.900% | 02/26/2025 | 1,175,000 | 1,214,824 | |
General Motors Financial Co., Inc. (Consumer Finance) | 2.700% | 08/20/2027 | 1,025,000 | 1,042,595 | |
General Motors Financial Co., Inc. (Consumer Finance) | 2.400% | 04/10/2028 | 725,000 | 727,990 | |
Goldman Sachs Group, Inc. / The (Capital Markets) | 3.500% | 04/01/2025 | 1,075,000 | 1,136,741 | |
Goldman Sachs Group, Inc. / The (Rate is fixed until 10/21/2026, at which point, the rate becomes SOFR + 91) (Capital Markets) | (c) | 1.948% | 10/21/2027 | 500,000 | 497,800 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Financials (continued) | |||||
Goldman Sachs Group, Inc. / The (Capital Markets) | 3.800% | 03/15/2030 | $ 1,900,000 | $ 2,091,551 | |
Goldman Sachs Group, Inc. / The (Rate is fixed until 01/27/2031, at which point, the rate becomes SOFR + 109) (Capital Markets) | (c) | 1.992% | 01/27/2032 | 1,100,000 | 1,054,655 |
GTCR AP Finance, Inc. (Insurance) | (a) | 8.000% | 05/15/2027 | 175,000 | 181,562 |
Hartford Financial Services Group, Inc. / The (Insurance) | 2.900% | 09/15/2051 | 575,000 | 566,546 | |
HSBC Holdings PLC (Banks) | 3.900% | 05/25/2026 | 1,350,000 | 1,455,923 | |
HUB International Ltd. (Insurance) | (a) | 7.000% | 05/01/2026 | 200,000 | 205,500 |
HUB International Ltd. (Insurance) | (a) | 5.625% | 12/01/2029 | 500,000 | 515,110 |
Hyundai Capital America (Consumer Finance) | (a) | 2.375% | 10/15/2027 | 1,330,000 | 1,322,533 |
Jefferies Group LLC (Diversified Financial Svs.) | 2.750% | 10/15/2032 | 605,000 | 598,356 | |
John Deere Capital Corp. (Consumer Finance) | 3.450% | 03/07/2029 | 1,100,000 | 1,211,441 | |
JPMorgan Chase & Co. (Rate is fixed until 04/25/2022, at which point, the rate becomes QL + 94) (Banks) | (c) | 2.776% | 04/25/2023 | 1,350,000 | 1,358,621 |
JPMorgan Chase & Co. (Banks) | 3.125% | 01/23/2025 | 725,000 | 761,270 | |
JPMorgan Chase & Co. (Rate is fixed until 04/22/2030, at which point, the rate becomes SOFR + 204) (Banks) | (c) | 2.522% | 04/22/2031 | 900,000 | 909,659 |
JPMorgan Chase & Co. (Rate is fixed until 11/19/2030, at which point, the rate becomes SOFR + 111) (Banks) | (c) | 1.764% | 11/19/2031 | 100,000 | 94,780 |
JPMorgan Chase & Co. (Rate is fixed until 02/04/2031, at which point, the rate becomes SOFR + 107) (Banks) | (c) | 1.953% | 02/04/2032 | 1,710,000 | 1,647,009 |
JPMorgan Chase & Co. (Rate is fixed until 04/22/2031, at which point, the rate becomes SOFR + 125) (Banks) | (c) | 2.580% | 04/22/2032 | 100,000 | 101,285 |
LD Holdings Group LLC (Thrifts & Mortgage Finance) | (a) | 6.125% | 04/01/2028 | 25,000 | 23,563 |
Liberty Mutual Group, Inc. (Insurance) | (a) | 3.951% | 10/15/2050 | 650,000 | 719,462 |
Lincoln National Corp. (Insurance) | 4.000% | 09/01/2023 | 600,000 | 628,976 | |
M&T Bank Corp. (Banks) | 3.550% | 07/26/2023 | 1,075,000 | 1,115,901 | |
MetLife, Inc. (Insurance) | 4.050% | 03/01/2045 | 575,000 | 683,399 | |
Morgan Stanley (Capital Markets) | 4.100% | 05/22/2023 | 650,000 | 676,994 | |
Morgan Stanley (Capital Markets) | 6.250% | 08/09/2026 | 650,000 | 775,334 | |
Morgan Stanley (Rate is fixed until 01/24/2028, at which point, the rate becomes QL + 114) (Capital Markets) | (c) | 3.772% | 01/24/2029 | 2,050,000 | 2,230,760 |
Morgan Stanley (Rate is fixed until 02/13/2031, at which point, the rate becomes SOFR + 103) (Capital Markets) | (c) | 1.794% | 02/13/2032 | 825,000 | 780,900 |
Morgan Stanley (Rate is fixed until 04/28/2031, at which point, the rate becomes SOFR + 102) (Capital Markets) | (c) | 1.928% | 04/28/2032 | 250,000 | 238,879 |
Nationwide Mutual Insurance Co. (Insurance) | (a) | 4.950% | 04/22/2044 | 460,000 | 557,898 |
Navient Corp. (Consumer Finance) | 4.875% | 03/15/2028 | 100,000 | 99,750 | |
Navient Corp. (Consumer Finance) | 5.500% | 03/15/2029 | 75,000 | 74,812 | |
NFP Corp. (Insurance) | (a) | 4.875% | 08/15/2028 | 100,000 | 101,000 |
NFP Corp. (Insurance) | (a) | 6.875% | 08/15/2028 | 300,000 | 300,774 |
Nissan Motor Acceptance Co. LLC (Consumer Finance) | (a) | 1.850% | 09/16/2026 | 1,150,000 | 1,122,019 |
Outfront Media Capital LLC / Outfront Media Capital Corp. (Media) | (a) | 4.250% | 01/15/2029 | 75,000 | 75,136 |
Outfront Media Capital LLC / Outfront Media Capital Corp. (Media) | (a) | 4.625% | 03/15/2030 | 25,000 | 24,937 |
PNC Bank N.A. (Banks) | 3.875% | 04/10/2025 | 725,000 | 778,409 | |
Prudential Financial, Inc. (Insurance) | 3.700% | 03/13/2051 | 875,000 | 995,652 | |
Raymond James Financial, Inc. (Capital Markets) | 4.650% | 04/01/2030 | 100,000 | 115,956 | |
Regions Financial Corp. (Banks) | 2.250% | 05/18/2025 | 495,000 | 504,687 | |
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer, Inc. (Thrifts & Mortgage Finance) | (a) | 3.625% | 03/01/2029 | 150,000 | 150,562 |
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer, Inc. (Thrifts & Mortgage Finance) | (a) | 3.875% | 03/01/2031 | 25,000 | 25,375 |
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer, Inc. (Thrifts & Mortgage Finance) | (a) | 4.000% | 10/15/2033 | 100,000 | 101,288 |
Stellantis Finance U.S., Inc. (Consumer Finance) | (a) | 1.711% | 01/29/2027 | 720,000 | 707,703 |
Stellantis Finance U.S., Inc. (Consumer Finance) | (a) | 2.691% | 09/15/2031 | 900,000 | 885,029 |
Stifel Financial Corp. (Capital Markets) | 4.000% | 05/15/2030 | 200,000 | 218,972 | |
Synovus Bank (Rate is fixed until 02/10/2022, at which point, the rate becomes SOFR + 95) (Banks) | (c) | 2.289% | 02/10/2023 | 750,000 | 750,579 |
Travelers Cos., Inc. / The (Insurance) | 2.550% | 04/27/2050 | 875,000 | 831,880 | |
United Wholesale Mortgage LLC (Thrifts & Mortgage Finance) | (a) | 5.500% | 11/15/2025 | 275,000 | 280,156 |
United Wholesale Mortgage LLC (Thrifts & Mortgage Finance) | (a) | 5.750% | 06/15/2027 | 50,000 | 50,125 |
United Wholesale Mortgage LLC (Thrifts & Mortgage Finance) | (a) | 5.500% | 04/15/2029 | 50,000 | 49,062 |
USI, Inc. (Insurance) | (a) | 6.875% | 05/01/2025 | 425,000 | 428,187 |
Volkswagen Group of America Finance LLC (Consumer Finance) | (a) | 4.250% | 11/13/2023 | 1,350,000 | 1,425,617 |
Wells Fargo & Co. (Banks) | 3.750% | 01/24/2024 | 1,025,000 | 1,076,207 | |
Wells Fargo & Co. (Banks) | 3.000% | 10/23/2026 | 1,600,000 | 1,680,947 | |
Wells Fargo & Co. (Rate is fixed until 02/11/2030, at which point, the rate becomes SOFR + 126) (Banks) | (c) | 2.572% | 02/11/2031 | 2,125,000 | 2,169,330 |
64,978,324 | |||||
Health Care–3.7% | |||||
Abbott Laboratories (Health Care Equip. & Supplies) | 3.750% | 11/30/2026 | 650,000 | 718,271 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Health Care (continued) | |||||
AbbVie, Inc. (Biotechnology) | 3.200% | 11/21/2029 | $ 625,000 | $ 668,245 | |
Acadia Healthcare Co., Inc. (Health Care Providers & Svs.) | (a) | 5.500% | 07/01/2028 | 75,000 | 78,830 |
AdaptHealth LLC (Health Care Providers & Svs.) | (a) | 4.625% | 08/01/2029 | 25,000 | 25,000 |
AdaptHealth LLC (Health Care Providers & Svs.) | (a) | 5.125% | 03/01/2030 | 150,000 | 152,625 |
AHP Health Partners, Inc. (Health Care Providers & Svs.) | (a) | 5.750% | 07/15/2029 | 125,000 | 123,750 |
Alcon Finance Corp. (Health Care Equip. & Supplies) | (a) | 2.600% | 05/27/2030 | 700,000 | 706,409 |
Amgen, Inc. (Biotechnology) | 3.375% | 02/21/2050 | 675,000 | 702,088 | |
Astrazeneca Finance LLC (Pharmaceuticals) | 2.250% | 05/28/2031 | 325,000 | 327,274 | |
AstraZeneca PLC (Pharmaceuticals) | 2.375% | 06/12/2022 | 125,000 | 125,787 | |
AstraZeneca PLC (Pharmaceuticals) | 3.125% | 06/12/2027 | 1,260,000 | 1,350,402 | |
Avantor Funding, Inc. (Health Care Equip. & Supplies) | (a) | 4.625% | 07/15/2028 | 150,000 | 156,375 |
Avantor Funding, Inc. (Health Care Equip. & Supplies) | (a) | 3.875% | 11/01/2029 | 150,000 | 151,637 |
Bausch Health Americas, Inc. (Pharmaceuticals) | (a) | 8.500% | 01/31/2027 | 250,000 | 262,500 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 6.125% | 04/15/2025 | 81,000 | 82,503 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 5.500% | 11/01/2025 | 50,000 | 50,813 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 5.000% | 01/30/2028 | 225,000 | 207,000 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 5.000% | 02/15/2029 | 300,000 | 264,750 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 6.250% | 02/15/2029 | 250,000 | 237,560 |
Bausch Health Cos., Inc. (Pharmaceuticals) | (a) | 5.250% | 02/15/2031 | 200,000 | 175,750 |
Bayer U.S. Finance LLC (Pharmaceuticals) | (a) | 3.375% | 10/08/2024 | 1,075,000 | 1,123,579 |
Becton Dickinson and Co. (Health Care Equip. & Supplies) | 4.685% | 12/15/2044 | 600,000 | 755,451 | |
Becton Dickinson and Co. (Health Care Equip. & Supplies) | 3.794% | 05/20/2050 | 300,000 | 336,622 | |
Biogen, Inc. (Biotechnology) | 3.150% | 05/01/2050 | 1,025,000 | 985,192 | |
Bristol-Myers Squibb Co. (Pharmaceuticals) | 0.750% | 11/13/2025 | 345,000 | 335,988 | |
Bristol-Myers Squibb Co. (Pharmaceuticals) | 3.900% | 02/20/2028 | 1,100,000 | 1,226,033 | |
Bristol-Myers Squibb Co. (Pharmaceuticals) | 4.250% | 10/26/2049 | 300,000 | 370,730 | |
Catalent Pharma Solutions, Inc. (Pharmaceuticals) | (a) | 3.500% | 04/01/2030 | 50,000 | 49,858 |
Centene Corp. (Health Care Providers & Svs.) | 4.250% | 12/15/2027 | 450,000 | 469,125 | |
Centene Corp. (Health Care Providers & Svs.) | 2.450% | 07/15/2028 | 25,000 | 24,625 | |
Centene Corp. (Health Care Providers & Svs.) | 2.625% | 08/01/2031 | 75,000 | 73,500 | |
Charles River Laboratories International, Inc. (Life Sciences Tools & Svs.) | (a) | 3.750% | 03/15/2029 | 100,000 | 101,000 |
CHS / Community Health Systems, Inc. (Health Care Providers & Svs.) | (a) | 6.625% | 02/15/2025 | 150,000 | 155,250 |
CHS / Community Health Systems, Inc. (Health Care Providers & Svs.) | (a) | 5.625% | 03/15/2027 | 75,000 | 79,375 |
CHS / Community Health Systems, Inc. (Health Care Providers & Svs.) | (a) | 6.875% | 04/15/2029 | 75,000 | 76,406 |
CHS / Community Health Systems, Inc. (Health Care Providers & Svs.) | (a) | 6.125% | 04/01/2030 | 75,000 | 74,199 |
CVS Health Corp. (Health Care Providers & Svs.) | 2.875% | 06/01/2026 | 575,000 | 600,518 | |
CVS Health Corp. (Health Care Providers & Svs.) | 4.250% | 04/01/2050 | 1,225,000 | 1,480,554 | |
Danaher Corp. (Life Sciences Tools & Svs.) | 2.600% | 10/01/2050 | 870,000 | 829,286 | |
DaVita, Inc. (Health Care Providers & Svs.) | (a) | 4.625% | 06/01/2030 | 125,000 | 127,969 |
DENTSPLY SIRONA, Inc. (Health Care Equip. & Supplies) | 3.250% | 06/01/2030 | 710,000 | 749,948 | |
Global Medical Response, Inc. (Health Care Providers & Svs.) | (a) | 6.500% | 10/01/2025 | 200,000 | 202,000 |
Grifols Escrow Issuer SA (Biotechnology) | (a) | 4.750% | 10/15/2028 | 200,000 | 204,044 |
HCA, Inc. (Health Care Providers & Svs.) | 5.375% | 02/01/2025 | 100,000 | 109,900 | |
HCA, Inc. (Health Care Providers & Svs.) | 5.375% | 09/01/2026 | 250,000 | 280,937 | |
HCA, Inc. (Health Care Providers & Svs.) | 3.500% | 09/01/2030 | 100,000 | 105,688 | |
HCA, Inc. (Health Care Providers & Svs.) | 3.500% | 07/15/2051 | 650,000 | 662,657 | |
HealthEquity, Inc. (Health Care Providers & Svs.) | (a) | 4.500% | 10/01/2029 | 125,000 | 123,750 |
Legacy LifePoint Health LLC (Health Care Providers & Svs.) | (a) | 6.750% | 04/15/2025 | 150,000 | 156,375 |
LifePoint Health, Inc. (Health Care Providers & Svs.) | (a) | 5.375% | 01/15/2029 | 100,000 | 99,500 |
Mallinckrodt International Finance SA / Mallinckrodt CB LLC (Acquired 05/05/2020, Cost $12,500) (Pharmaceuticals) | (a)(d) | 5.625% | 10/15/2023 | 50,000 | 27,250 |
MEDNAX, Inc. (Health Care Providers & Svs.) | (a) | 6.250% | 01/15/2027 | 25,000 | 26,156 |
Mozart Debt Merger Sub, Inc. (Health Care Equip. & Supplies) | (a) | 3.875% | 04/01/2029 | 100,000 | 99,647 |
Mozart Debt Merger Sub, Inc. (Health Care Equip. & Supplies) | (a) | 5.250% | 10/01/2029 | 225,000 | 228,069 |
MPH Acquisition Holdings LLC (Health Care Providers & Svs.) | (a) | 5.500% | 09/01/2028 | 75,000 | 76,031 |
MPH Acquisition Holdings LLC (Health Care Providers & Svs.) | (a) | 5.750% | 11/01/2028 | 225,000 | 213,975 |
Organon & Co. / Organon Foreign Debt Co-Issuer B.V. (Pharmaceuticals) | (a) | 5.125% | 04/30/2031 | 200,000 | 208,936 |
PerkinElmer, Inc. (Life Sciences Tools & Svs.) | 0.850% | 09/15/2024 | 155,000 | 152,794 | |
PerkinElmer, Inc. (Life Sciences Tools & Svs.) | 1.900% | 09/15/2028 | 295,000 | 287,999 | |
PerkinElmer, Inc. (Life Sciences Tools & Svs.) | 3.300% | 09/15/2029 | 575,000 | 608,577 | |
PerkinElmer, Inc. (Life Sciences Tools & Svs.) | 2.550% | 03/15/2031 | 490,000 | 494,018 | |
Prestige Brands, Inc. (Pharmaceuticals) | (a) | 5.125% | 01/15/2028 | 225,000 | 234,281 |
Prestige Brands, Inc. (Pharmaceuticals) | (a) | 3.750% | 04/01/2031 | 25,000 | 24,250 |
Regeneron Pharmaceuticals, Inc. (Biotechnology) | 2.800% | 09/15/2050 | 1,102,000 | 1,032,652 | |
RegionalCare Hospital Partners Holdings, Inc. / LifePoint Health, Inc. (Health Care Providers & Svs.) | (a) | 9.750% | 12/01/2026 | 50,000 | 52,835 |
Stryker Corp. (Health Care Equip. & Supplies) | 3.500% | 03/15/2026 | 600,000 | 643,003 | |
Syneos Health, Inc. (Life Sciences Tools & Svs.) | (a) | 3.625% | 01/15/2029 | 125,000 | 123,438 |
Takeda Pharmaceutical Co. Ltd. (Pharmaceuticals) | 2.050% | 03/31/2030 | 550,000 | 538,589 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Health Care (continued) | |||||
Takeda Pharmaceutical Co. Ltd. (Pharmaceuticals) | 3.025% | 07/09/2040 | $ 600,000 | $ 610,548 | |
Team Health Holdings, Inc. (Health Care Providers & Svs.) | (a) | 6.375% | 02/01/2025 | 100,000 | 94,125 |
Teleflex, Inc. (Health Care Equip. & Supplies) | (a) | 4.250% | 06/01/2028 | 75,000 | 77,264 |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | 6.750% | 06/15/2023 | 100,000 | 106,875 | |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | 4.625% | 07/15/2024 | 21,000 | 21,263 | |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | (a) | 4.875% | 01/01/2026 | 125,000 | 128,391 |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | (a) | 6.125% | 10/01/2028 | 125,000 | 132,026 |
Tenet Healthcare Corp. (Health Care Providers & Svs.) | (a) | 4.250% | 06/01/2029 | 150,000 | 152,323 |
Thermo Fisher Scientific, Inc. (Life Sciences Tools & Svs.) | 1.215% | 10/18/2024 | 500,000 | 499,445 | |
UnitedHealth Group, Inc. (Health Care Providers & Svs.) | 2.900% | 05/15/2050 | 320,000 | 325,967 | |
Vizient, Inc. (Health Care Providers & Svs.) | (a) | 6.250% | 05/15/2027 | 75,000 | 78,281 |
Zoetis, Inc. (Pharmaceuticals) | 3.000% | 05/15/2050 | 875,000 | 909,688 | |
26,746,324 | |||||
Industrials–5.4% | |||||
Airbus SE (Aerospace & Defense) | (a) | 3.150% | 04/10/2027 | 1,100,000 | 1,163,768 |
Allegion PLC (Building Products) | 3.500% | 10/01/2029 | 1,150,000 | 1,222,213 | |
Allied Universal Holdco LLC / Allied Universal Finance Corp. (Commercial Svs. & Supplies) | (a) | 6.625% | 07/15/2026 | 75,000 | 78,690 |
Allied Universal Holdco LLC / Allied Universal Finance Corp. (Commercial Svs. & Supplies) | (a) | 9.750% | 07/15/2027 | 125,000 | 133,553 |
Allied Universal Holdco LLC / Allied Universal Finance Corp. (Commercial Svs. & Supplies) | (a) | 6.000% | 06/01/2029 | 400,000 | 389,000 |
American Airlines, Inc. / AAdvantage Loyalty IP Ltd. (Airlines) | (a) | 5.500% | 04/20/2026 | 150,000 | 155,981 |
American Airlines, Inc. / AAdvantage Loyalty IP Ltd. (Airlines) | (a) | 5.750% | 04/20/2029 | 75,000 | 80,154 |
American Builders & Contractors Supply Co., Inc. (Trading Companies & Distributors) | (a) | 4.000% | 01/15/2028 | 75,000 | 76,742 |
Ashtead Capital, Inc. (Trading Companies & Distributors) | (a) | 2.450% | 08/12/2031 | 455,000 | 443,030 |
BAE Systems PLC (Aerospace & Defense) | (a) | 3.000% | 09/15/2050 | 700,000 | 681,338 |
BCPE Empire Holdings, Inc. (Commercial Svs. & Supplies) | (a) | 7.625% | 05/01/2027 | 225,000 | 229,741 |
Boeing Co. / The (Aerospace & Defense) | 2.500% | 03/01/2025 | 600,000 | 612,054 | |
Boeing Co. / The (Aerospace & Defense) | 2.196% | 02/04/2026 | 1,025,000 | 1,024,756 | |
Boeing Co. / The (Aerospace & Defense) | 2.950% | 02/01/2030 | 225,000 | 229,235 | |
Boeing Co. / The (Aerospace & Defense) | 5.805% | 05/01/2050 | 975,000 | 1,320,273 | |
Brink's Co. / The (Commercial Svs. & Supplies) | (a) | 5.500% | 07/15/2025 | 25,000 | 26,000 |
Burlington Northern Santa Fe LLC (Road & Rail) | 3.000% | 04/01/2025 | 475,000 | 498,857 | |
Canadian Pacific Railway Co. (Road & Rail) | 1.750% | 12/02/2026 | 90,000 | 90,325 | |
Canadian Pacific Railway Co. (Road & Rail) | 2.050% | 03/05/2030 | 175,000 | 172,481 | |
Canadian Pacific Railway Co. (Road & Rail) | 3.000% | 12/02/2041 | 75,000 | 76,693 | |
Carrier Global Corp. (Building Products) | 2.722% | 02/15/2030 | 80,000 | 81,699 | |
Carrier Global Corp. (Building Products) | 3.577% | 04/05/2050 | 800,000 | 850,582 | |
Clarivate Science Holdings Corp. (Professional Svs.) | (a) | 4.875% | 07/01/2029 | 125,000 | 126,765 |
CNH Industrial N.V. (Machinery) | 3.850% | 11/15/2027 | 1,100,000 | 1,197,409 | |
Cornerstone Building Brands, Inc. (Building Products) | (a) | 6.125% | 01/15/2029 | 175,000 | 187,049 |
CP Atlas Buyer, Inc. (Building Products) | (a) | 7.000% | 12/01/2028 | 300,000 | 298,500 |
Dun & Bradstreet Corp. / The (Professional Svs.) | (a) | 5.000% | 12/15/2029 | 50,000 | 51,152 |
Equifax, Inc. (Professional Svs.) | 2.600% | 12/15/2025 | 1,025,000 | 1,060,708 | |
ERAC U.S.A. Finance LLC (Road & Rail) | (a) | 3.850% | 11/15/2024 | 1,350,000 | 1,429,163 |
Experian Finance PLC (Professional Svs.) | (a) | 4.250% | 02/01/2029 | 650,000 | 721,618 |
FedEx Corp. (Air Freight & Logistics) | 4.250% | 05/15/2030 | 300,000 | 341,133 | |
FedEx Corp. (Air Freight & Logistics) | 4.050% | 02/15/2048 | 600,000 | 673,598 | |
Foundation Building Materials, Inc. (Trading Companies & Distributors) | (a) | 6.000% | 03/01/2029 | 250,000 | 245,625 |
Garda World Security Corp. (Commercial Svs. & Supplies) | (a) | 4.625% | 02/15/2027 | 75,000 | 74,625 |
Garda World Security Corp. (Commercial Svs. & Supplies) | (a) | 6.000% | 06/01/2029 | 175,000 | 167,125 |
GE Capital International Funding Co. Unlimited Co. (Industrial Conglomerates) | 4.418% | 11/15/2035 | 487,000 | 581,166 | |
General Dynamics Corp. (Aerospace & Defense) | 1.150% | 06/01/2026 | 670,000 | 663,799 | |
GXO Logistics, Inc. (Air Freight & Logistics) | (a) | 1.650% | 07/15/2026 | 685,000 | 668,382 |
GXO Logistics, Inc. (Air Freight & Logistics) | (a) | 2.650% | 07/15/2031 | 670,000 | 661,732 |
GYP Holdings III Corp. (Building Products) | (a) | 4.625% | 05/01/2029 | 100,000 | 100,250 |
H&E Equipment Services, Inc. (Trading Companies & Distributors) | (a) | 3.875% | 12/15/2028 | 100,000 | 99,250 |
Honeywell International, Inc. (Industrial Conglomerates) | 1.350% | 06/01/2025 | 390,000 | 391,574 | |
Honeywell International, Inc. (Industrial Conglomerates) | 2.800% | 06/01/2050 | 270,000 | 280,658 | |
Huntington Ingalls Industries, Inc. (Aerospace & Defense) | 3.483% | 12/01/2027 | 1,175,000 | 1,243,392 | |
Interface, Inc. (Commercial Svs. & Supplies) | (a) | 5.500% | 12/01/2028 | 25,000 | 26,188 |
Kansas City Southern (Road & Rail) | 3.500% | 05/01/2050 | 675,000 | 717,620 | |
KAR Auction Services, Inc. (Commercial Svs. & Supplies) | (a) | 5.125% | 06/01/2025 | 225,000 | 228,375 |
Lennox International, Inc. (Building Products) | 3.000% | 11/15/2023 | 1,125,000 | 1,156,955 | |
Lockheed Martin Corp. (Aerospace & Defense) | 2.900% | 03/01/2025 | 775,000 | 811,676 | |
Madison IAQ LLC (Commercial Svs. & Supplies) | (a) | 4.125% | 06/30/2028 | 25,000 | 25,063 |
Madison IAQ LLC (Commercial Svs. & Supplies) | (a) | 5.875% | 06/30/2029 | 225,000 | 225,000 |
Masco Corp. (Building Products) | 3.500% | 11/15/2027 | 650,000 | 695,707 | |
Nielsen Finance LLC / Nielsen Finance Co. (Professional Svs.) | (a) | 5.625% | 10/01/2028 | 75,000 | 77,437 |
Nielsen Finance LLC / Nielsen Finance Co. (Professional Svs.) | (a) | 4.500% | 07/15/2029 | 50,000 | 49,187 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Industrials (continued) | |||||
Nielsen Finance LLC / Nielsen Finance Co. (Professional Svs.) | (a) | 5.875% | 10/01/2030 | $ 200,000 | $ 211,168 |
Northrop Grumman Corp. (Aerospace & Defense) | 3.250% | 01/15/2028 | 1,175,000 | 1,257,506 | |
Penske Truck Leasing Co. LP / PTL Finance Corp. (Road & Rail) | (a) | 3.450% | 07/01/2024 | 1,000,000 | 1,047,801 |
Penske Truck Leasing Co. LP / PTL Finance Corp. (Road & Rail) | (a) | 1.700% | 06/15/2026 | 600,000 | 593,093 |
Ritchie Bros Holdings, Inc. (Commercial Svs. & Supplies) | (a) | 4.750% | 12/15/2031 | 25,000 | 26,094 |
Roper Technologies, Inc. (Industrial Conglomerates) | 1.000% | 09/15/2025 | 1,025,000 | 1,001,442 | |
Ryder System, Inc. (Road & Rail) | 3.400% | 03/01/2023 | 1,050,000 | 1,077,233 | |
Sensata Technologies, Inc. (Electrical Equip.) | (a) | 4.375% | 02/15/2030 | 25,000 | 26,250 |
Sensata Technologies, Inc. (Electrical Equip.) | (a) | 3.750% | 02/15/2031 | 75,000 | 74,734 |
Solaris Midstream Holdings LLC (Commercial Svs. & Supplies) | (a) | 7.625% | 04/01/2026 | 125,000 | 131,562 |
Southwest Airlines Co. (Airlines) | 5.250% | 05/04/2025 | 1,075,000 | 1,193,984 | |
Southwest Airlines Co. (Airlines) | 5.125% | 06/15/2027 | 350,000 | 400,128 | |
Standard Industries, Inc. (Building Products) | (a) | 5.000% | 02/15/2027 | 375,000 | 386,025 |
Stena International SA (Transportation Infrastructure) | (a) | 6.125% | 02/01/2025 | 200,000 | 205,000 |
Terex Corp. (Machinery) | (a) | 5.000% | 05/15/2029 | 50,000 | 51,375 |
Textron, Inc. (Aerospace & Defense) | 3.650% | 03/15/2027 | 1,000,000 | 1,073,139 | |
TK Elevator Holdco GmbH (Building Products) | (a) | 7.625% | 07/15/2028 | 200,000 | 214,250 |
TransDigm, Inc. (Aerospace & Defense) | (a) | 6.250% | 03/15/2026 | 275,000 | 285,828 |
TransDigm, Inc. (Aerospace & Defense) | 5.500% | 11/15/2027 | 375,000 | 386,250 | |
TransDigm, Inc. (Aerospace & Defense) | 4.625% | 01/15/2029 | 25,000 | 24,917 | |
TransDigm, Inc. (Aerospace & Defense) | 4.875% | 05/01/2029 | 50,000 | 50,215 | |
Trident TPI Holdings, Inc. (Machinery) | (a) | 9.250% | 08/01/2024 | 250,000 | 261,250 |
Union Pacific Corp. (Road & Rail) | 2.375% | 05/20/2031 | 385,000 | 392,432 | |
United Rentals North America, Inc. (Trading Companies & Distributors) | 4.875% | 01/15/2028 | 200,000 | 210,175 | |
United Rentals North America, Inc. (Trading Companies & Distributors) | 5.250% | 01/15/2030 | 50,000 | 54,125 | |
United Rentals North America, Inc. (Trading Companies & Distributors) | 3.875% | 02/15/2031 | 25,000 | 25,375 | |
Valmont Industries, Inc. (Construction & Engineering) | 5.000% | 10/01/2044 | 40,000 | 49,353 | |
Valmont Industries, Inc. (Construction & Engineering) | 5.250% | 10/01/2054 | 265,000 | 338,051 | |
Verisk Analytics, Inc. (Professional Svs.) | 4.125% | 03/15/2029 | 600,000 | 668,976 | |
Watco Cos. LLC / Watco Finance Corp. (Road & Rail) | (a) | 6.500% | 06/15/2027 | 150,000 | 156,000 |
WESCO Distribution, Inc. (Trading Companies & Distributors) | (a) | 7.125% | 06/15/2025 | 75,000 | 79,500 |
WESCO Distribution, Inc. (Trading Companies & Distributors) | (a) | 7.250% | 06/15/2028 | 175,000 | 191,844 |
Westinghouse Air Brake Technologies Corp. (Machinery) | 3.200% | 06/15/2025 | 300,000 | 312,222 | |
White Cap Buyer LLC (Building Products) | (a) | 6.875% | 10/15/2028 | 150,000 | 156,375 |
White Cap Parent LLC (Building Products) | (a)(b) | 8.250%, 9.000% PIK | 03/15/2026 | 100,000 | 102,250 |
Xylem, Inc. (Machinery) | 2.250% | 01/30/2031 | 655,000 | 649,124 | |
38,280,092 | |||||
Information Technology–2.7% | |||||
Apple, Inc. (Tech. Hardware, Storage & Periph.) | 2.900% | 09/12/2027 | 600,000 | 639,518 | |
Apple, Inc. (Tech. Hardware, Storage & Periph.) | 2.375% | 02/08/2041 | 375,000 | 363,916 | |
Black Knight InfoServ LLC (IT Svs.) | (a) | 3.625% | 09/01/2028 | 75,000 | 74,902 |
Booz Allen Hamilton, Inc. (IT Svs.) | (a) | 4.000% | 07/01/2029 | 50,000 | 51,644 |
Broadcom, Inc. (Semiconductors & Equip.) | 4.150% | 11/15/2030 | 285,000 | 316,081 | |
Broadcom, Inc. (Semiconductors & Equip.) | (a) | 3.419% | 04/15/2033 | 1,060,000 | 1,111,200 |
Broadcom, Inc. (Semiconductors & Equip.) | (a) | 3.187% | 11/15/2036 | 15,000 | 14,974 |
Broadcom, Inc. (Semiconductors & Equip.) | (a) | 3.750% | 02/15/2051 | 325,000 | 339,789 |
CDW LLC / CDW Finance Corp. (Electronic Equip., Instr. & Comp.) | 4.125% | 05/01/2025 | 75,000 | 77,062 | |
CDW LLC / CDW Finance Corp. (Electronic Equip., Instr. & Comp.) | 2.670% | 12/01/2026 | 655,000 | 671,116 | |
CDW LLC / CDW Finance Corp. (Electronic Equip., Instr. & Comp.) | 4.250% | 04/01/2028 | 25,000 | 25,813 | |
Cisco Systems, Inc. (Communications Equip.) | 3.625% | 03/04/2024 | 825,000 | 875,226 | |
Dell International LLC / EMC Corp. (Computers & Peripherals) | 5.850% | 07/15/2025 | 1,025,000 | 1,161,782 | |
Diebold Nixdorf, Inc. (Tech. Hardware, Storage & Periph.) | (a) | 9.375% | 07/15/2025 | 75,000 | 80,755 |
Elastic N.V. (Software) | (a) | 4.125% | 07/15/2029 | 150,000 | 148,407 |
Fair Isaac Corp. (Software) | (a) | 4.000% | 06/15/2028 | 50,000 | 51,396 |
Fidelity National Information Services, Inc. (IT Svs.) | 3.100% | 03/01/2041 | 305,000 | 307,957 | |
Fiserv, Inc. (IT Svs.) | 3.800% | 10/01/2023 | 450,000 | 470,399 | |
Fiserv, Inc. (IT Svs.) | 3.500% | 07/01/2029 | 600,000 | 645,264 | |
Fortinet, Inc. (Software) | 1.000% | 03/15/2026 | 670,000 | 648,986 | |
Gartner, Inc. (IT Svs.) | (a) | 4.500% | 07/01/2028 | 25,000 | 26,110 |
Global Payments, Inc. (IT Svs.) | 1.200% | 03/01/2026 | 660,000 | 640,637 | |
Global Payments, Inc. (IT Svs.) | 2.150% | 01/15/2027 | 600,000 | 602,387 | |
Go Daddy Operating Co. LLC / GD Finance Co., Inc. (IT Svs.) | (a) | 5.250% | 12/01/2027 | 150,000 | 155,062 |
Helios Software Holdings Inc / ION Corporate Solutions Finance SARL (Software) | (a) | 4.625% | 05/01/2028 | 200,000 | 196,500 |
II-VI, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 5.000% | 12/15/2029 | 50,000 | 51,061 |
Keysight Technologies, Inc. (Electronic Equip., Instr. & Comp.) | 3.000% | 10/30/2029 | 750,000 | 778,172 | |
Leidos, Inc. (IT Svs.) | 3.625% | 05/15/2025 | 345,000 | 366,362 | |
Leidos, Inc. (IT Svs.) | 4.375% | 05/15/2030 | 800,000 | 891,296 | |
LogMeIn, Inc. (Software) | (a) | 5.500% | 09/01/2027 | 150,000 | 151,800 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Information Technology (continued) | |||||
Micron Technology, Inc. (Semiconductors & Equip.) | 4.663% | 02/15/2030 | $ 750,000 | $ 864,360 | |
Micron Technology, Inc. (Semiconductors & Equip.) | 3.366% | 11/01/2041 | 265,000 | 272,121 | |
Microsoft Corp. (Software) | 2.375% | 05/01/2023 | 1,200,000 | 1,225,360 | |
NCR Corp. (Tech. Hardware, Storage & Periph.) | (a) | 5.750% | 09/01/2027 | 50,000 | 52,250 |
NCR Corp. (Tech. Hardware, Storage & Periph.) | (a) | 5.000% | 10/01/2028 | 25,000 | 25,750 |
NCR Corp. (Tech. Hardware, Storage & Periph.) | (a) | 5.125% | 04/15/2029 | 25,000 | 25,880 |
NCR Corp. (Tech. Hardware, Storage & Periph.) | (a) | 5.250% | 10/01/2030 | 100,000 | 102,750 |
ON Semiconductor Corp. (Semiconductors & Equip.) | (a) | 3.875% | 09/01/2028 | 75,000 | 76,875 |
Open Text Corp. (Software) | (a) | 3.875% | 02/15/2028 | 75,000 | 76,444 |
Open Text Corp. (Software) | (a) | 3.875% | 12/01/2029 | 50,000 | 50,625 |
Oracle Corp. (Software) | 3.600% | 04/01/2050 | 2,000,000 | 1,958,278 | |
PTC, Inc. (Software) | (a) | 4.000% | 02/15/2028 | 25,000 | 25,438 |
Rocket Software, Inc. (Software) | (a) | 6.500% | 02/15/2029 | 225,000 | 219,510 |
Science Applications International Corp. (IT Svs.) | (a) | 4.875% | 04/01/2028 | 75,000 | 76,875 |
Seagate HDD Cayman (Tech. Hardware, Storage & Periph.) | 3.125% | 07/15/2029 | 125,000 | 122,062 | |
Skyworks Solutions, Inc. (Semiconductors & Equip.) | 1.800% | 06/01/2026 | 50,000 | 49,484 | |
SS&C Technologies, Inc. (Software) | (a) | 5.500% | 09/30/2027 | 175,000 | 182,875 |
Synaptics, Inc. (Semiconductors & Equip.) | (a) | 4.000% | 06/15/2029 | 25,000 | 25,375 |
TTM Technologies, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 4.000% | 03/01/2029 | 125,000 | 124,219 |
VeriSign, Inc. (IT Svs.) | 2.700% | 06/15/2031 | 660,000 | 663,300 | |
Veritas U.S., Inc. / Veritas Bermuda Ltd. (Software) | (a) | 7.500% | 09/01/2025 | 225,000 | 232,875 |
Viavi Solutions, Inc. (Communications Equip.) | (a) | 3.750% | 10/01/2029 | 25,000 | 24,999 |
VMware, Inc. (Software) | 1.400% | 08/15/2026 | 240,000 | 235,868 | |
VMware, Inc. (Software) | 2.200% | 08/15/2031 | 190,000 | 186,617 | |
Vontier Corp. (Electronic Equip., Instr. & Comp.) | (a) | 1.800% | 04/01/2026 | 665,000 | 654,426 |
19,490,190 | |||||
Materials–1.8% | |||||
Albemarle Corp. (Chemicals) | 4.150% | 12/01/2024 | 375,000 | 401,606 | |
Albemarle Corp. (Chemicals) | 5.450% | 12/01/2044 | 375,000 | 487,832 | |
Anglo American Capital PLC (Metals & Mining) | (a) | 2.875% | 03/17/2031 | 1,175,000 | 1,169,458 |
ARD Finance SA (Containers & Packaging) | (a)(b) | 6.500%, 7.250% PIK | 06/30/2027 | 400,000 | 412,000 |
Ardagh Metal Packaging Finance U.S.A. LLC / Ardagh Metal Packaging Finance PLC (Containers & Packaging) | (a) | 4.000% | 09/01/2029 | 200,000 | 198,150 |
Ardagh Packaging Finance PLC / Ardagh Holdings U.S.A., Inc. (Containers & Packaging) | (a) | 5.250% | 08/15/2027 | 200,000 | 201,250 |
Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B B.V. (Chemicals) | (a) | 4.750% | 06/15/2027 | 150,000 | 156,375 |
Ball Corp. (Containers & Packaging) | 3.125% | 09/15/2031 | 150,000 | 148,125 | |
Berry Global, Inc. (Containers & Packaging) | (a) | 5.625% | 07/15/2027 | 100,000 | 104,625 |
Carpenter Technology Corp. (Metals & Mining) | 4.450% | 03/01/2023 | 300,000 | 307,423 | |
Clearwater Paper Corp. (Paper & Forest Products) | (a) | 4.750% | 08/15/2028 | 200,000 | 203,500 |
Cleveland-Cliffs, Inc. (Metals & Mining) | (a) | 4.625% | 03/01/2029 | 75,000 | 76,500 |
Cleveland-Cliffs, Inc. (Metals & Mining) | (a) | 4.875% | 03/01/2031 | 175,000 | 181,803 |
Coeur Mining, Inc. (Metals & Mining) | (a) | 5.125% | 02/15/2029 | 75,000 | 68,734 |
Compass Minerals International, Inc. (Metals & Mining) | (a) | 4.875% | 07/15/2024 | 175,000 | 178,937 |
Compass Minerals International, Inc. (Metals & Mining) | (a) | 6.750% | 12/01/2027 | 75,000 | 79,412 |
Diamond B.C. B.V. (Chemicals) | (a) | 4.625% | 10/01/2029 | 125,000 | 123,996 |
Element Solutions, Inc. (Chemicals) | (a) | 3.875% | 09/01/2028 | 25,000 | 25,125 |
Flex Acquisition Co., Inc. (Containers & Packaging) | (a) | 6.875% | 01/15/2025 | 300,000 | 300,558 |
Flex Acquisition Co., Inc. (Containers & Packaging) | (a) | 7.875% | 07/15/2026 | 100,000 | 103,822 |
Freeport-McMoRan, Inc. (Metals & Mining) | 5.000% | 09/01/2027 | 50,000 | 52,000 | |
Freeport-McMoRan, Inc. (Metals & Mining) | 5.400% | 11/14/2034 | 25,000 | 30,438 | |
Glencore Funding LLC (Metals & Mining) | (a) | 1.625% | 04/27/2026 | 600,000 | 588,664 |
Glencore Funding LLC (Metals & Mining) | (a) | 3.375% | 09/23/2051 | 300,000 | 288,908 |
Graphic Packaging International LLC (Containers & Packaging) | (a) | 3.500% | 03/01/2029 | 100,000 | 99,250 |
Graphic Packaging International LLC (Containers & Packaging) | (a) | 3.750% | 02/01/2030 | 25,000 | 25,268 |
H.B. Fuller Co. (Chemicals) | 4.250% | 10/15/2028 | 25,000 | 25,750 | |
Herens Holdco SARL (Chemicals) | (a) | 4.750% | 05/15/2028 | 200,000 | 196,000 |
Hexion, Inc. (Chemicals) | (a) | 7.875% | 07/15/2027 | 75,000 | 79,125 |
Illuminate Buyer LLC / Illuminate Holdings IV, Inc. (Chemicals) | (a) | 9.000% | 07/01/2028 | 175,000 | 186,624 |
International Flavors & Fragrances, Inc. (Chemicals) | (a) | 1.832% | 10/15/2027 | 900,000 | 883,573 |
Koppers, Inc. (Chemicals) | (a) | 6.000% | 02/15/2025 | 225,000 | 228,935 |
Mauser Packaging Solutions Holding Co. (Containers & Packaging) | (a) | 5.500% | 04/15/2024 | 25,000 | 25,229 |
OI European Group B.V. (Containers & Packaging) | (a) | 4.750% | 02/15/2030 | 100,000 | 101,348 |
Olympus Water U.S. Holding Corp. (Chemicals) | (a) | 4.250% | 10/01/2028 | 200,000 | 198,876 |
Olympus Water U.S. Holding Corp. (Chemicals) | (a) | 6.250% | 10/01/2029 | 200,000 | 195,000 |
Owens-Brockway Glass Container, Inc. (Containers & Packaging) | (a) | 5.375% | 01/15/2025 | 150,000 | 154,875 |
Owens-Brockway Glass Container, Inc. (Containers & Packaging) | (a) | 6.625% | 05/13/2027 | 75,000 | 79,125 |
Packaging Corp. of America (Containers & Packaging) | 3.650% | 09/15/2024 | 1,175,000 | 1,240,942 | |
Polar U.S. Borrower LLC / Schenectady International Group, Inc. (Chemicals) | (a) | 6.750% | 05/15/2026 | 175,000 | 171,937 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Materials (continued) | |||||
Reliance Steel & Aluminum Co. (Metals & Mining) | 4.500% | 04/15/2023 | $ 1,060,000 | $ 1,097,211 | |
RPM International, Inc. (Chemicals) | 4.550% | 03/01/2029 | 575,000 | 650,783 | |
SPCM SA (Chemicals) | (a) | 3.375% | 03/15/2030 | 200,000 | 192,500 |
SRS Distribution, Inc. (Construction Materials) | (a) | 6.125% | 07/01/2029 | 100,000 | 101,912 |
SRS Distribution, Inc. (Construction Materials) | (a) | 6.000% | 12/01/2029 | 125,000 | 125,625 |
Standard Industries, Inc. (Construction Materials) | (a) | 3.375% | 01/15/2031 | 50,000 | 48,165 |
Trivium Packaging Finance B.V. (Containers & Packaging) | (a) | 8.500% | 08/15/2027 | 200,000 | 211,500 |
W.R. Grace Holdings LLC (Chemicals) | (a) | 4.875% | 06/15/2027 | 25,000 | 25,678 |
W.R. Grace Holdings LLC (Chemicals) | (a) | 5.625% | 08/15/2029 | 75,000 | 76,781 |
WRKCo, Inc. (Containers & Packaging) | 4.000% | 03/15/2028 | 725,000 | 801,244 | |
13,112,497 | |||||
Real Estate–1.9% | |||||
Alexandria Real Estate Equities, Inc. (Equity REIT) | 1.875% | 02/01/2033 | 1,430,000 | 1,343,698 | |
American Tower Corp. (Equity REIT) | 2.950% | 01/15/2051 | 660,000 | 625,161 | |
AvalonBay Communities, Inc. (Equity REIT) | 3.350% | 05/15/2027 | 1,125,000 | 1,208,078 | |
Boston Properties LP (Equity REIT) | 3.650% | 02/01/2026 | 1,300,000 | 1,392,679 | |
Camden Property Trust (Equity REIT) | 2.800% | 05/15/2030 | 600,000 | 623,970 | |
Crown Castle International Corp. (Equity REIT) | 3.250% | 01/15/2051 | 750,000 | 736,968 | |
Cushman & Wakefield U.S. Borrower LLC (Real Estate Mgmt. & Development) | (a) | 6.750% | 05/15/2028 | 75,000 | 80,250 |
Healthcare Trust of America Holdings LP (Equity REIT) | 2.000% | 03/15/2031 | 725,000 | 685,975 | |
Kimco Realty Corp. (Equity REIT) | 2.700% | 10/01/2030 | 750,000 | 761,162 | |
Mid-America Apartments LP (Equity REIT) | 4.000% | 11/15/2025 | 1,125,000 | 1,215,482 | |
Physicians Realty LP (Equity REIT) | 2.625% | 11/01/2031 | 365,000 | 364,641 | |
Piedmont Operating Partnership LP (Equity REIT) | 2.750% | 04/01/2032 | 300,000 | 293,327 | |
Regency Centers LP (Equity REIT) | 2.950% | 09/15/2029 | 1,100,000 | 1,141,365 | |
UDR, Inc. (Equity REIT) | 3.500% | 01/15/2028 | 1,125,000 | 1,205,878 | |
VICI Properties LP / VICI Note Co., Inc. (Equity REIT) | (a) | 4.250% | 12/01/2026 | 150,000 | 156,220 |
W.P. Carey, Inc. (Equity REIT) | 3.850% | 07/15/2029 | 750,000 | 825,761 | |
W.P. Carey, Inc. (Equity REIT) | 2.400% | 02/01/2031 | 120,000 | 117,915 | |
Welltower, Inc. (Equity REIT) | 4.250% | 04/01/2026 | 675,000 | 739,436 | |
13,517,966 | |||||
Utilities–2.1% | |||||
Ameren Corp. (Multi-Utilities) | 1.750% | 03/15/2028 | 1,500,000 | 1,449,542 | |
AmeriGas Partners LP / AmeriGas Finance Corp. (Gas Utilities) | 5.500% | 05/20/2025 | 150,000 | 160,688 | |
AmeriGas Partners LP / AmeriGas Finance Corp. (Gas Utilities) | 5.750% | 05/20/2027 | 25,000 | 27,656 | |
Berkshire Hathaway Energy Co. (Multi-Utilities) | 4.050% | 04/15/2025 | 250,000 | 270,480 | |
Black Hills Corp. (Multi-Utilities) | 2.500% | 06/15/2030 | 370,000 | 365,723 | |
Calpine Corp. (Ind. Power & Renewable Elec.) | (a) | 5.250% | 06/01/2026 | 25,000 | 25,650 |
Calpine Corp. (Ind. Power & Renewable Elec.) | (a) | 5.000% | 02/01/2031 | 150,000 | 150,000 |
Calpine Corp. (Ind. Power & Renewable Elec.) | (a) | 3.750% | 03/01/2031 | 75,000 | 72,281 |
Dominion Energy, Inc. (Multi-Utilities) | 1.450% | 04/15/2026 | 670,000 | 662,244 | |
Duke Energy Corp. (Electric Utilities) | 3.750% | 09/01/2046 | 650,000 | 693,482 | |
Duke Energy Corp. (Electric Utilities) | 4.200% | 06/15/2049 | 725,000 | 829,042 | |
Emera U.S. Finance LP (Electric Utilities) | 3.550% | 06/15/2026 | 600,000 | 638,161 | |
Emera U.S. Finance LP (Electric Utilities) | 4.750% | 06/15/2046 | 600,000 | 706,826 | |
Enel Finance International N.V. (Electric Utilities) | (a) | 2.250% | 07/12/2031 | 750,000 | 725,417 |
Eversource Energy (Electric Utilities) | 3.350% | 03/15/2026 | 670,000 | 703,125 | |
Exelon Corp. (Electric Utilities) | 4.050% | 04/15/2030 | 1,175,000 | 1,305,497 | |
FirstEnergy Corp. (Electric Utilities) | 2.650% | 03/01/2030 | 250,000 | 246,875 | |
National Fuel Gas Co. (Gas Utilities) | 5.500% | 01/15/2026 | 750,000 | 838,004 | |
National Fuel Gas Co. (Gas Utilities) | 2.950% | 03/01/2031 | 520,000 | 522,556 | |
NextEra Energy Capital Holdings, Inc. (Electric Utilities) | 3.550% | 05/01/2027 | 600,000 | 649,978 | |
NextEra Energy Capital Holdings, Inc. (Electric Utilities) | 2.250% | 06/01/2030 | 600,000 | 596,391 | |
NRG Energy, Inc. (Electric Utilities) | 5.750% | 01/15/2028 | 150,000 | 158,567 | |
NRG Energy, Inc. (Electric Utilities) | (a) | 3.625% | 02/15/2031 | 25,000 | 24,375 |
NRG Energy, Inc. (Electric Utilities) | (a) | 3.875% | 02/15/2032 | 175,000 | 171,500 |
PPL Capital Funding, Inc. (Electric Utilities) | 3.100% | 05/15/2026 | 200,000 | 209,591 | |
Puget Energy, Inc. (Electric Utilities) | 2.379% | 06/15/2028 | 685,000 | 674,230 | |
Southern Co. / The (Rate is fixed until 01/15/2026, at which point, the rate becomes H15T5Y + 373) (Electric Utilities) | (c) | 4.000% | 01/15/2051 | 1,350,000 | 1,380,375 |
Suburban Propane Partners LP / Suburban Energy Finance Corp. (Gas Utilities) | 5.875% | 03/01/2027 | 100,000 | 103,250 | |
TerraForm Power Operating LLC (Ind. Power & Renewable Elec.) | (a) | 5.000% | 01/31/2028 | 250,000 | 264,800 |
Vistra Operations Co. LLC (Ind. Power & Renewable Elec.) | (a) | 5.500% | 09/01/2026 | 175,000 | 180,712 |
Vistra Operations Co. LLC (Ind. Power & Renewable Elec.) | (a) | 4.375% | 05/01/2029 | 25,000 | 25,041 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Corporate Bonds (Continued) | Rate | Maturity | Face Amount | Value | |
Utilities (continued) | |||||
WEC Energy Group, Inc. (Multi-Utilities) | 0.800% | 03/15/2024 | $ 220,000 | $ 217,744 | |
WEC Energy Group, Inc. (Multi-Utilities) | 2.200% | 12/15/2028 | 190,000 | 189,720 | |
15,239,523 | |||||
Total Corporate Bonds (Cost $287,631,744) | $287,764,194 |
U.S. Treasury Obligations–24.5% | Rate | Maturity | Face Amount | Value | |
U.S. Treasury Inflation Indexed Bond | 0.125% | 10/15/2026 | $ 4,351,256 | $ 4,731,656 | |
U.S. Treasury Inflation Indexed Bond | 0.125% | 07/15/2031 | 4,358,890 | 4,899,266 | |
U.S. Treasury Note | 0.125% | 04/30/2022 | 4,050,000 | 4,050,104 | |
U.S. Treasury Note | 0.125% | 06/30/2022 | 1,400,000 | 1,399,453 | |
U.S. Treasury Note | 0.125% | 12/31/2022 | 1,000,000 | 996,914 | |
U.S. Treasury Note | 0.125% | 03/31/2023 | 1,275,000 | 1,269,123 | |
U.S. Treasury Note | 0.250% | 04/15/2023 | 5,500,000 | 5,481,523 | |
U.S. Treasury Note | 0.125% | 04/30/2023 | 3,000,000 | 2,983,945 | |
U.S. Treasury Note | 0.125% | 06/30/2023 | 27,500,000 | 27,314,160 | |
U.S. Treasury Note | 0.250% | 05/15/2024 | 7,500,000 | 7,397,754 | |
U.S. Treasury Note | 0.375% | 09/15/2024 | 6,000,000 | 5,915,156 | |
U.S. Treasury Note | 0.375% | 12/31/2025 | 3,000,000 | 2,907,891 | |
U.S. Treasury Note | 0.875% | 06/30/2026 | 18,000,000 | 17,714,531 | |
U.S. Treasury Note | 0.625% | 07/31/2026 | 2,400,000 | 2,333,719 | |
U.S. Treasury Note | (e) | 0.500% | 04/30/2027 | 3,200,000 | 3,069,500 |
U.S. Treasury Note | 1.250% | 03/31/2028 | 575,000 | 569,879 | |
U.S. Treasury Note | 1.250% | 06/30/2028 | 13,000,000 | 12,866,953 | |
U.S. Treasury Note | 1.500% | 11/30/2028 | 4,200,000 | 4,216,406 | |
U.S. Treasury Note | 1.125% | 02/15/2031 | 405,000 | 393,056 | |
U.S. Treasury Note | 1.625% | 05/15/2031 | 13,400,000 | 13,569,594 | |
U.S. Treasury Note | 1.375% | 11/15/2031 | 8,600,000 | 8,491,156 | |
U.S. Treasury Note | 1.375% | 11/15/2040 | 525,000 | 478,447 | |
U.S. Treasury Note | 1.875% | 02/15/2041 | 180,000 | 178,165 | |
U.S. Treasury Note | 2.250% | 05/15/2041 | 8,300,000 | 8,717,594 | |
U.S. Treasury Note | 2.000% | 11/15/2041 | 1,000,000 | 1,011,406 | |
U.S. Treasury Note | 2.000% | 02/15/2050 | 3,750,000 | 3,809,033 | |
U.S. Treasury Note | 1.875% | 02/15/2051 | 3,940,000 | 3,898,138 | |
U.S. Treasury Note | 2.375% | 05/15/2051 | 15,650,000 | 17,285,914 | |
U.S. Treasury Note | 2.000% | 08/15/2051 | 5,000,000 | 5,096,875 | |
U.S. Treasury Note | 1.875% | 11/15/2051 | 2,250,000 | 2,232,070 | |
Total U.S. Treasury Obligations (Cost $175,966,603) | $175,279,381 |
U.S. Government Agency Mortgage-Backed Securities–20.2% | Rate | Maturity | Face Amount | Value | |
Fannie Mae Pool FN BM4333 | 3.500% | 12/01/2047 | $ 1,356,572 | $ 1,436,124 | |
Fannie Mae Pool FN BN6715 | 4.000% | 06/01/2049 | 3,649,041 | 3,939,793 | |
Fannie Mae Pool FN BP2797 | 2.500% | 05/01/2050 | 1,720,655 | 1,757,151 | |
Fannie Mae Pool FN BP6700 | 2.500% | 09/01/2050 | 4,592,802 | 4,718,029 | |
Fannie Mae Pool FN BP8188 | 2.000% | 09/01/2050 | 6,783,264 | 6,774,025 | |
Fannie Mae Pool FN BQ4558 | 2.000% | 03/01/2051 | 2,335,632 | 2,330,510 | |
Fannie Mae Pool FN BR1844 | 2.500% | 01/01/2051 | 1,383,603 | 1,415,998 | |
Fannie Mae Pool FN BR2231 | 2.000% | 08/01/2051 | 1,961,367 | 1,957,065 | |
Fannie Mae Pool FN BT7183 | 2.500% | 08/01/2051 | 1,975,591 | 2,017,774 | |
Fannie Mae Pool FN CA4574 | 4.000% | 08/01/2049 | 2,591,863 | 2,758,255 | |
Fannie Mae Pool FN CA4819 | 4.000% | 12/01/2049 | 1,275,429 | 1,376,013 | |
Fannie Mae Pool FN CA5348 | 3.500% | 03/01/2050 | 2,034,705 | 2,165,746 | |
Fannie Mae Pool FN CA5706 | 2.500% | 05/01/2050 | 2,234,440 | 2,287,554 | |
Fannie Mae Pool FN CA6998 | 3.000% | 09/01/2050 | 3,666,361 | 3,799,416 | |
Fannie Mae Pool FN CA7231 | 2.500% | 10/01/2050 | 817,899 | 836,945 | |
Fannie Mae Pool FN CA8118 | 2.000% | 12/01/2050 | 2,016,631 | 2,013,767 | |
Fannie Mae Pool FN CA9293 | 2.500% | 02/01/2051 | 2,736,050 | 2,796,278 | |
Fannie Mae Pool FN CB1131 | 2.500% | 07/01/2051 | 1,943,380 | 1,986,490 | |
Fannie Mae Pool FN FM2778 | 3.000% | 03/01/2050 | 2,638,006 | 2,767,124 | |
Fannie Mae Pool FN FM3734 | 3.500% | 09/01/2049 | 1,381,473 | 1,479,936 | |
Fannie Mae Pool FN FM3919 | 4.000% | 05/01/2049 | 951,677 | 1,020,167 | |
Fannie Mae Pool FN FM4122 | 2.000% | 08/01/2050 | 6,912,499 | 6,907,804 | |
Fannie Mae Pool FN FM4317 | 3.000% | 09/01/2050 | 3,660,392 | 3,793,868 | |
Fannie Mae Pool FN FM4532 | 3.000% | 09/01/2050 | 3,979,243 | 4,141,071 | |
Fannie Mae Pool FN FM5815 | 2.500% | 12/01/2035 | 4,408,477 | 4,562,355 | |
Fannie Mae Pool FN FM6708 | 2.500% | 01/01/2051 | 4,374,742 | 4,474,022 | |
Fannie Mae Pool FN FM7293 | 2.500% | 05/01/2051 | 1,423,346 | 1,455,712 | |
Fannie Mae Pool FN FM7502 | 3.500% | 06/01/2050 | 3,644,616 | 3,834,759 | |
Fannie Mae Pool FN FM7510 | 3.000% | 06/01/2051 | 1,814,590 | 1,880,866 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
U.S. Government Agency Mortgage-Backed Securities (Continued) | Rate | Maturity | Face Amount | Value | |
Fannie Mae Pool FN FM7554 | 3.500% | 04/01/2050 | $ 3,536,020 | $ 3,727,242 | |
Fannie Mae Pool FN FM7706 | 3.500% | 08/01/2050 | 3,946,451 | 4,194,719 | |
Fannie Mae Pool FN FM8421 | 2.500% | 08/01/2051 | 2,427,335 | 2,480,589 | |
Fannie Mae Pool FN MA4119 | 2.000% | 09/01/2050 | 996,728 | 994,542 | |
Fannie Mae Pool FN MA4138 | 1.500% | 09/01/2050 | 4,620,424 | 4,477,561 | |
Fannie Mae Pool FN MA4255 | 2.000% | 02/01/2051 | 1,809,621 | 1,805,652 | |
Fannie Mae Pool FN MA4413 | 2.000% | 09/01/2051 | 3,929,791 | 3,921,210 | |
Fannie Mae Pool FN MA4415 | 3.000% | 09/01/2051 | 2,285,661 | 2,373,419 | |
Freddie Mac Pool FR RA3357 | 2.000% | 08/01/2050 | 1,383,722 | 1,381,625 | |
Freddie Mac Pool FR RA3575 | 2.000% | 09/01/2050 | 6,486,764 | 6,488,096 | |
Freddie Mac Pool FR RA3611 | 2.500% | 09/01/2050 | 4,702,384 | 4,811,391 | |
Freddie Mac Pool FR RA5761 | 2.000% | 06/01/2051 | 2,504,094 | 2,498,602 | |
Freddie Mac Pool FR SB8122 | 1.500% | 10/01/2036 | 1,954,641 | 1,960,994 | |
Freddie Mac Pool FR SD0451 | 3.000% | 10/01/2050 | 2,030,352 | 2,114,047 | |
Freddie Mac Pool FR SD0625 | 2.500% | 05/01/2051 | 2,376,768 | 2,428,604 | |
Freddie Mac Pool FR SD7505 | 4.500% | 08/01/2049 | 994,385 | 1,091,292 | |
Freddie Mac Pool FR SD7514 | 3.500% | 04/01/2050 | 1,770,625 | 1,893,096 | |
Freddie Mac Pool FR SD8104 | 1.500% | 11/01/2050 | 2,254,597 | 2,178,882 | |
Freddie Mac Pool FR SD8121 | 2.000% | 01/01/2051 | 1,786,676 | 1,782,758 | |
Freddie Mac Pool FR SD8135 | 2.500% | 03/01/2051 | 626,322 | 639,607 | |
Freddie Mac Pool FR SD8148 | 3.000% | 05/01/2051 | 3,791,229 | 3,928,815 | |
Freddie Mac Pool FR SD8163 | 3.500% | 08/01/2051 | 2,270,514 | 2,388,968 | |
Freddie Mac Pool FR ZT1257 | 3.000% | 01/01/2046 | 865,312 | 918,483 | |
Ginnie Mae II Pool G2 MA6866 | 3.000% | 09/20/2050 | 1,798,031 | 1,863,280 | |
Total U.S. Government Agency Mortgage-Backed Securities (Cost $146,756,237) | $145,028,091 |
Investment Companies–8.9% | Shares | Value | |
Federated Hermes Core Trust - Bank Loan Core Fund (Acquired 05/01/2020 through 06/28/2021, Cost $17,850,000) | (f)(g) | 1,874,699 | $ 18,090,847 |
Federated Hermes Core Trust - Emerging Markets Core Fund (Acquired 05/01/2020 through 06/28/2021, Cost $25,316,717) | (f)(g) | 2,505,309 | 24,401,711 |
Federated Hermes Core Trust III - Federated Project and Trade Finance Core Fund (Acquired 05/01/2020 through 06/28/2021, Cost $21,725,000) | (g)(h) | 2,465,645 | 21,673,019 |
Total Investment Companies (Cost $64,891,717) | $ 64,165,577 |
Asset-Backed / Mortgage-Backed Securities–1.8% | Rate | Maturity | Face Amount | Value | |
Financials–1.8% | |||||
AmeriCredit Automobile Receivables Trust 2020-2 D | 2.130% | 03/18/2026 | $ 180,000 | $ 182,245 | |
AmeriCredit Automobile Receivables Trust 2020-3 D | 1.490% | 09/18/2026 | 175,000 | 175,324 | |
Benchmark 2020-B19 A5 | 1.850% | 09/15/2053 | 1,150,000 | 1,118,458 | |
Benchmark 2021-B26 A2 | 1.957% | 06/15/2054 | 520,000 | 523,264 | |
Carmax Auto Owner Trust 2021-1 D | 1.280% | 07/15/2027 | 100,000 | 98,544 | |
Chesapeake Funding II LLC 2020-1A D | (a) | 2.830% | 08/16/2032 | 150,000 | 152,882 |
Ford Credit Auto Lease Trust 2020-B C | 1.700% | 02/15/2025 | 335,000 | 338,029 | |
Ford Credit Floorplan Master Owner Trust A 2020-1 D | 2.120% | 09/15/2025 | 395,000 | 398,953 | |
Freddie Mac Multifamily Structured Pass Through Certificates K108 A2 | 1.517% | 03/25/2030 | 400,000 | 393,091 | |
Freddie Mac Multifamily Structured Pass Through Certificates K109 A2 | 1.558% | 04/25/2030 | 400,000 | 394,114 | |
GM Financial Consumer Automobile Receivables Trust 2020-3 D | 1.910% | 09/16/2027 | 400,000 | 403,380 | |
HPEFS Equipment Trust 2020-2A D | (a) | 2.790% | 07/22/2030 | 750,000 | 767,001 |
Invitation Homes 2018-SFR4 B | (a) | ML + 125 | 01/17/2038 | 2,999,862 | 2,999,861 |
MMAF Equipment Finance LLC 2020-A A5 | (a) | 1.560% | 10/09/2042 | 750,000 | 741,171 |
Navient Private Education Refi Loan Trust 2020-FA A | (a) | 1.220% | 07/15/2069 | 230,776 | 230,209 |
Navistar Financial Dealer Note Master Trust 2020-1 D | (a) | ML + 290 | 07/25/2025 | 275,000 | 275,864 |
PFS Financing Corp. 2020-G B | (a) | 1.570% | 02/15/2026 | 310,000 | 309,734 |
Santander Consumer Auto Receivables Trust 2020-BA D | (a) | 2.140% | 12/15/2026 | 530,000 | 534,574 |
Santander Drive Auto Receivables Trust 2020-2 D | 2.220% | 09/15/2026 | 450,000 | 456,556 | |
Santander Drive Auto Receivables Trust 2020-3 D | 1.640% | 11/16/2026 | 750,000 | 755,094 | |
Sierra Timeshare 2020-2A A | (a) | 1.330% | 07/20/2037 | 353,476 | 352,354 |
SMB Private Education Loan Trust 2020-B A1A | (a) | 1.290% | 07/15/2053 | 561,246 | 554,761 |
Tesla Auto Lease Trust 2020-A C | (a) | 1.680% | 02/20/2024 | 330,000 | 332,202 |
Tesla Auto Lease Trust 2020-A D | (a) | 2.330% | 02/20/2024 | 100,000 | 101,282 |
World Omni Select Auto Trust 2020-A D | 1.700% | 10/15/2026 | 250,000 | 250,606 | |
Total Asset-Backed / Mortgage-Backed Securities (Cost $12,916,314) | $ 12,839,553 |
Sovereign Issues–0.7% | Rate | Maturity | Face Amount | Value | |
Colombia Government International Bond | 4.500% | 03/15/2029 | $ 1,100,000 | $ 1,124,761 | |
Colombia Government International Bond | 3.000% | 01/30/2030 | 725,000 | 662,650 | |
Mexico Government International Bond | 3.750% | 01/11/2028 | 1,025,000 | 1,100,430 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Sovereign Issues (Continued) | Rate | Maturity | Face Amount | Value | |
Mexico Government International Bond | 4.500% | 01/31/2050 | $ 1,175,000 | $ 1,245,500 | |
Republic of Poland Government International Bond | 4.000% | 01/22/2024 | 600,000 | 634,343 | |
Total Sovereign Issues (Cost $4,863,566) | $ 4,767,684 |
U.S. Government Agency Issues–0.1% | Rate | Maturity | Face Amount | Value | |
Federal Farm Credit Banks Funding Corp. | 0.700% | 01/27/2027 | $ 1,000,000 | $ 964,577 | |
Total U.S. Government Agency Issues (Cost $1,000,000) | $ 964,577 |
Money Market Funds–2.1% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.040% | (i) | 12,155,695 | $ 12,156,910 |
State Street Institutional U.S. Government Money Market Fund, 0.025% | (i) | 3,020,798 | 3,020,798 |
Total Money Market Funds (Cost $15,177,708) | (j) | $ 15,177,708 | |
Total Investments – 98.5% (Cost $709,203,889) | $705,986,765 | ||
Other Assets in Excess of Liabilities – 1.5% | 10,503,309 | ||
Net Assets – 100.0% | $716,490,074 |
Percentages are stated as a percent of net assets. |
Abbreviations: | ||
H15T5Y: | U.S. Treasury Yield Curve Rate T-Note Constant Maturity 5 Year, 1.260% at 12/31/2021 | |
ML: | Monthly U.S. LIBOR Rate, 0.101% at 12/31/2021 | |
PIK: | Payment-in-Kind | |
QL: | Quarterly U.S. LIBOR Rate, 0.209% at 12/31/2021 | |
SOFR: | Secured Overnight Financing Rate, 0.050% at 12/31/2021 |
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, 2021, the value of these securities totaled $80,465,052, or 11.2% of the Portfolio’s net assets. | |
(b) | Issuer of the security has the option to make coupon payments in cash or in additional par value of this bond (Payment-in-Kind). | |
(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, 2021. | |
(d) | Represents a security that is in default and deemed to be non-income producing. | |
(e) | Security is partially pledged as collateral for the futures contracts outstanding at December 31, 2021. The market value of securities pledged totaled $1,140,511. 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, 2021, the value of restricted securities in the Portfolio totaled $64,165,577, or 8.9% of the Portfolio’s net assets. | |
(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, 2021. | |
(j) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 7 of the Notes to Financial Statements. |
Schedule of Open Futures Contracts | December 31, 2021 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
CBT 10-Year U.S. Ultra Bond - Long | 220 | March 22, 2022 | $32,023,328 | $32,216,250 | $192,922 | $58,437 | ||||||
CBT 2-Year U.S. Treasury Note - Long | 100 | March 31, 2022 | 21,875,991 | 21,817,188 | (58,803) | 4,688 | ||||||
$53,899,319 | $54,033,438 | $134,119 | $63,125 |
Ohio National Fund, Inc. | ON Federated Core Plus Bond Portfolio (Continued) |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
CBT U.S. Ultra Bond - Short | 170 | March 22, 2022 | $(33,142,943) | (33,511,250) | $(368,307) | $(265,625) | ||||||
CBT 10-Year U.S. Treasury Note - Short | 65 | March 22, 2022 | (8,432,276) | (8,480,469) | (48,193) | (4,063) | ||||||
CBT 5-Year U.S. Treasury Note - Short | 100 | March 31, 2022 | (12,108,259) | (12,097,656) | 10,603 | (7,031) | ||||||
$(53,683,478) | $(54,089,375) | $(405,897) | $(276,719) | |||||||||
Total Futures Contracts | $ 215,841 | $ (55,937) | $(271,778) | $(213,594) |
Ohio National Fund, Inc. | ON Janus Henderson U.S. Low Volatility Portfolio (Unaudited) |
Average Annual returns | |
Since inception (6/25/21) | 11.20% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2021. |
Ohio National Fund, Inc. | ON Janus Henderson U.S. Low Volatility Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2021 (1) | |
% of Net Assets | |
Common Stocks (4) | 99.4 |
Money Market Funds Less Net Liabilities | 0.6 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2021 (1) (2) (3) | ||
% of Net Assets | ||
1. | Apple, Inc. | 5.3 |
2. | Microsoft Corp. | 4.8 |
3. | Procter & Gamble Co. / The | 3.7 |
4. | Costco Wholesale Corp. | 3.7 |
5. | Johnson & Johnson | 3.1 |
6. | Walmart, Inc. | 2.8 |
7. | Oracle Corp. | 2.7 |
8. | Gilead Sciences, Inc. | 2.7 |
9. | Danaher Corp. | 2.7 |
10. | Republic Services, Inc. | 2.6 |
(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): |
% of Net Assets | |
Health Care | 24.5 |
Consumer Staples | 22.8 |
Information Technology | 19.3 |
Consumer Discretionary | 11.4 |
Utilities | 6.3 |
Communication Services | 5.7 |
Financials | 5.4 |
Industrials | 4.0 |
99.4 |
Ohio National Fund, Inc. | ON Janus Henderson U.S. Low Volatility Portfolio |
Schedule of Investments | December 31, 2021 |
Common Stocks–99.4% | Shares | Value | |
Communication Services–5.7% | |||
Alphabet, Inc. Class A (Interactive Media & Svs.) | (a) | 2,835 | $ 8,213,108 |
Alphabet, Inc. Class C (Interactive Media & Svs.) | (a) | 2,422 | 7,008,275 |
Meta Platforms, Inc. Class A (Interactive Media & Svs.) | (a) | 14,033 | 4,720,000 |
T-Mobile U.S., Inc. (Wireless Telecom. Svs.) | (a) | 216,981 | 25,165,456 |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 217,847 | 11,319,330 | |
56,426,169 | |||
Consumer Discretionary–11.4% | |||
Amazon.com, Inc. (Internet & Direct Marketing Retail) | (a) | 6,233 | 20,782,941 |
Dollar General Corp. (Multiline Retail) | 66,921 | 15,781,980 | |
Domino's Pizza, Inc. (Hotels, Restaurants & Leisure) | 34,273 | 19,341,282 | |
Garmin Ltd. (Household Durables) | 102,278 | 13,927,195 | |
McDonald's Corp. (Hotels, Restaurants & Leisure) | 55,980 | 15,006,559 | |
Target Corp. (Multiline Retail) | 78,964 | 18,275,428 | |
Tesla, Inc. (Automobiles) | (a) | 8,391 | 8,867,441 |
111,982,826 | |||
Consumer Staples–22.8% | |||
Campbell Soup Co. (Food Products) | 144,484 | 6,279,275 | |
Church & Dwight Co., Inc. (Household Products) | 61,151 | 6,267,978 | |
Colgate-Palmolive Co. (Household Products) | 270,645 | 23,096,844 | |
Costco Wholesale Corp. (Food & Staples Retailing) | 64,106 | 36,392,976 | |
Estee Lauder Cos., Inc. / The Class A (Personal Products) | 37,193 | 13,768,849 | |
Hershey Co. / The (Food Products) | 99,115 | 19,175,779 | |
Hormel Foods Corp. (Food Products) | 168,920 | 8,244,985 | |
J.M. Smucker Co. / The (Food Products) | 27,639 | 3,753,929 | |
Kellogg Co. (Food Products) | 104,834 | 6,753,406 | |
Kroger Co. / The (Food & Staples Retailing) | 250,386 | 11,332,470 | |
Mondelez International, Inc. Class A (Food Products) | 380,201 | 25,211,128 | |
Procter & Gamble Co. / The (Household Products) | 223,053 | 36,487,010 | |
Walmart, Inc. (Food & Staples Retailing) | 192,979 | 27,922,132 | |
224,686,761 | |||
Financials–5.4% | |||
Aon PLC Class A (Insurance) | 7,956 | 2,391,255 | |
Arthur J. Gallagher & Co. (Insurance) | 22,947 | 3,893,418 | |
Assurant, Inc. (Insurance) | 58,945 | 9,187,168 | |
Marsh & McLennan Cos., Inc. (Insurance) | 81,898 | 14,235,510 | |
Progressive Corp. / The (Insurance) | 129,096 | 13,251,705 | |
Willis Towers Watson PLC (Insurance) | 42,876 | 10,182,621 | |
53,141,677 | |||
Health Care–24.5% | |||
AbbVie, Inc. (Biotechnology) | 42,141 | 5,705,891 | |
Amgen, Inc. (Biotechnology) | 39,506 | 8,887,665 | |
Biogen, Inc. (Biotechnology) | (a) | 78,588 | 18,854,833 |
Bristol-Myers Squibb Co. (Pharmaceuticals) | 65,382 | 4,076,568 | |
Cerner Corp. (Health Care Technology) | 268,865 | 24,969,492 | |
CVS Health Corp. (Health Care Providers & Svs.) | 15,376 | 1,586,188 | |
Danaher Corp. (Life Sciences Tools & Svs.) | 79,275 | 26,082,268 | |
Eli Lilly & Co. (Pharmaceuticals) | 62,564 | 17,281,428 | |
Gilead Sciences, Inc. (Biotechnology) | 366,311 | 26,597,842 |
Common Stocks (Continued) | Shares | Value | |
Health Care (continued) | |||
Johnson & Johnson (Pharmaceuticals) | 175,143 | $ 29,961,713 | |
McKesson Corp. (Health Care Providers & Svs.) | 3,064 | 761,618 | |
Quest Diagnostics, Inc. (Health Care Providers & Svs.) | 581 | 100,519 | |
ResMed, Inc. (Health Care Equip. & Supplies) | 91,664 | 23,876,639 | |
STERIS PLC (Health Care Equip. & Supplies) | 81,391 | 19,811,383 | |
UnitedHealth Group, Inc. (Health Care Providers & Svs.) | 35,169 | 17,659,762 | |
Waters Corp. (Life Sciences Tools & Svs.) | (a) | 22,788 | 8,490,809 |
West Pharmaceutical Services, Inc. (Health Care Equip. & Supplies) | 13,138 | 6,161,853 | |
240,866,471 | |||
Industrials–4.0% | |||
Copart, Inc. (Commercial Svs. & Supplies) | (a) | 20,329 | 3,082,283 |
L3Harris Technologies, Inc. (Aerospace & Defense) | 4,832 | 1,030,376 | |
Leidos Holdings, Inc. (Professional Svs.) | 63,593 | 5,653,418 | |
Republic Services, Inc. (Commercial Svs. & Supplies) | 186,421 | 25,996,408 | |
Trane Technologies PLC (Building Products) | 8,905 | 1,799,077 | |
Waste Management, Inc. (Commercial Svs. & Supplies) | 8,846 | 1,476,397 | |
39,037,959 | |||
Information Technology–19.3% | |||
Akamai Technologies, Inc. (IT Svs.) | (a) | 71,944 | 8,420,326 |
Apple, Inc. (Tech. Hardware, Storage & Periph.) | 293,305 | 52,082,169 | |
Citrix Systems, Inc. (Software) | 123,154 | 11,649,137 | |
International Business Machines Corp. (IT Svs.) | 80,022 | 10,695,741 | |
Microsoft Corp. (Software) | 140,835 | 47,365,627 | |
Motorola Solutions, Inc. (Communications Equip.) | 50,586 | 13,744,216 | |
NortonLifeLock, Inc. (Software) | 513,591 | 13,343,094 | |
NVIDIA Corp. (Semiconductors & Equip.) | 18,912 | 5,562,208 | |
Oracle Corp. (Software) | 308,134 | 26,872,366 | |
189,734,884 | |||
Utilities–6.3% | |||
Ameren Corp. (Multi-Utilities) | 11,776 | 1,048,182 | |
American Water Works Co., Inc. (Water Utilities) | 6,181 | 1,167,344 | |
Consolidated Edison, Inc. (Multi-Utilities) | 171,962 | 14,671,798 | |
Dominion Energy, Inc. (Multi-Utilities) | 99,000 | 7,777,440 | |
Duke Energy Corp. (Electric Utilities) | 91,405 | 9,588,384 | |
Eversource Energy (Electric Utilities) | 148,090 | 13,473,228 | |
FirstEnergy Corp. (Electric Utilities) | 257,789 | 10,721,445 | |
Xcel Energy, Inc. (Electric Utilities) | 54,350 | 3,679,495 | |
62,127,316 | |||
Total Common Stocks (Cost $898,456,813) | $978,004,063 |
Money Market Funds–0.7% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.040% | (b) | 6,834,133 | $ 6,834,816 |
Total Money Market Funds (Cost $6,834,878) | $ 6,834,816 | ||
Total Investments – 100.1% (Cost $905,291,691) | (c) | $984,838,879 | |
Liabilities in Excess of Other Assets – (0.1)% | (1,278,780) | ||
Net Assets – 100.0% | $983,560,099 |
Percentages are stated as a percent of net assets. |
Ohio National Fund, Inc. | ON Janus Henderson U.S. Low Volatility Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Footnotes: | ||
(a) | Non-income producing security. | |
(b) | Rate represents the seven-day yield at December 31, 2021. | |
(c) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 7 of the Notes to Financial Statements. |
Ohio National Fund, Inc. | ON iShares Managed Risk Balanced Portfolio (Unaudited) |
Average Annual returns | |
Since inception (6/25/21) | 2.30% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2021. |
Ohio National Fund, Inc. | ON iShares Managed Risk Balanced Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2021 (1) | |
% of Net Assets | |
Exchange Traded Funds | 90.3 |
Money Market Funds and Other Net Assets | 9.7 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2021 (1) (2) (3) | ||
% of Net Assets | ||
1. | iShares Core U.S. Aggregate Bond ETF | 49.0 |
2. | iShares Core S&P 500 ETF | 14.9 |
3. | iShares Russell 1000 ETF | 11.3 |
4. | iShares Core MSCI EAFE ETF | 5.0 |
5. | iShares MSCI Japan ETF | 1.3 |
6. | iShares MSCI China ETF | 1.0 |
7. | iShares MSCI Hong Kong ETF | 1.0 |
8. | iShares MSCI Canada ETF | 0.9 |
9. | iShares MSCI Australia ETF | 0.9 |
10. | iShares MSCI Sweden ETF | 0.9 |
(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. |
Ohio National Fund, Inc. | ON iShares Managed Risk Balanced Portfolio |
Schedule of Investments | December 31, 2021 |
Exchange Traded Funds–90.3% | Shares | Value | |
iShares Core MSCI EAFE ETF | 278,219 | $ 20,766,266 | |
iShares Core S&P 500 ETF | 129,062 | 61,561,283 | |
iShares Core U.S. Aggregate Bond ETF | 1,768,222 | 201,718,766 | |
iShares MSCI Australia ETF | 144,925 | 3,598,488 | |
iShares MSCI Brazil ETF | 12,809 | 359,549 | |
iShares MSCI Canada ETF | 94,523 | 3,632,519 | |
iShares MSCI Chile ETF | 19,559 | 451,617 | |
iShares MSCI China ETF | 67,081 | 4,210,674 | |
iShares MSCI France ETF | 30,953 | 1,203,453 | |
iShares MSCI Hong Kong ETF | 178,316 | 4,135,148 | |
iShares MSCI India ETF | 9,121 | 418,107 | |
iShares MSCI Italy ETF | 101,059 | 3,315,746 | |
iShares MSCI Japan ETF | 81,565 | 5,461,592 | |
iShares MSCI Mexico ETF | 31,884 | 1,613,330 | |
iShares MSCI Poland ETF | 96,063 | 2,023,087 | |
iShares MSCI South Africa ETF | 38,781 | 1,799,438 | |
iShares MSCI South Korea ETF | 18,224 | 1,419,103 | |
iShares MSCI Sweden ETF | 76,970 | 3,566,020 | |
iShares MSCI Taiwan ETF | 45,161 | 3,008,174 | |
iShares MSCI United Kingdom ETF | 47,266 | 1,566,395 | |
iShares Russell 1000 ETF | 175,563 | 46,424,124 | |
Total Exchange Traded Funds (Cost $366,353,982) | $372,252,879 |
Money Market Funds–7.3% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.040% | (a) | 30,007,293 | $ 30,010,294 |
Total Money Market Funds (Cost $30,012,542) | $ 30,010,294 | ||
Total Investments – 97.6% (Cost $396,366,524) | (b) | $402,263,173 | |
Other Assets in Excess of Liabilities – 2.4% | (c) | 9,724,742 | |
Net Assets – 100.0% | $411,987,915 |
Percentages are stated as a percent of net assets. |
Footnotes: | ||
(a) | Rate represents the seven-day yield at December 31, 2021. | |
(b) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 7 of the Notes to Financial Statements. | |
(c) | Includes $3,884,174 of cash pledged as collateral for the futures contracts outstanding at December 31, 2021. See also the following Schedule of Open Futures Contracts. |
Schedule of Open Futures Contracts | December 31, 2021 |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
MRV IBEX 35 Index - Long | 21 | January 21, 2022 | $ 1,991,641 | $ 2,076,309 | $ 84,668 | $ 480 | ||||||
OSE TOPIX Index - Long | 73 | March 10, 2022 | 12,593,500 | 12,641,572 | 48,072 | 19 | ||||||
EUR Currency Future - Long | 96 | March 14, 2022 | 13,648,452 | 13,683,000 | 34,548 | 69,000 | ||||||
MOD S&P TSX 60 Index - Long | 16 | March 17, 2022 | 3,185,156 | 3,240,349 | 55,193 | (12,384) | ||||||
CME E-mini S&P 500 Index - Long | 72 | March 18, 2022 | 16,928,698 | 17,130,600 | 201,902 | (80,850) | ||||||
MSCI EAFE Index - Long | 33 | March 18, 2022 | 3,777,370 | 3,830,970 | 53,600 | (27,524) | ||||||
MSCI Emerging Markets Index - Long | 186 | March 18, 2022 | 11,525,633 | 11,404,590 | (121,043) | (65,100) | ||||||
IFLL FTSE 100 Index - Long | 44 | March 18, 2022 | 4,265,943 | 4,361,896 | 95,953 | (14,269) | ||||||
DMI FTSE MIB Index - Long | 13 | March 18, 2022 | 1,961,863 | 2,016,419 | 54,556 | 309 | ||||||
$69,878,256 | $70,385,705 | $ 507,449 | $(130,319) |
Ohio National Fund, Inc. | ON iShares Managed Risk Balanced Portfolio (Continued) |
Description | Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable (Payable) | ||||||
JPY Currency Future - Short | 41 | March 14, 2022 | $ (4,512,711) | $ (4,457,725) | $ 54,986 | $ (1,538) | ||||||
AUD Currency Future - Short | 32 | March 14, 2022 | (2,297,555) | (2,328,960) | (31,405) | (6,560) | ||||||
CAD Currency Future - Short | 58 | March 15, 2022 | (4,586,198) | (4,584,900) | 1,298 | (33,930) | ||||||
CME E-mini S&P 500 Index - Short | 18 | March 18, 2022 | (4,231,572) | (4,282,650) | (51,078) | 12,375 | ||||||
CBT U.S. Ultra Bond - Short | 37 | March 22, 2022 | (7,141,194) | (7,293,625) | (152,431) | (57,819) | ||||||
$(22,769,230) | $(22,947,860) | $(178,630) | $ (87,472) | |||||||||
Total Futures Contracts | $ 47,109,026 | $ 47,437,845 | $ 328,819 | $(217,791) |
Ohio National Fund, Inc. | ON AB Relative Value Portfolio (Unaudited) |
Average Annual returns | |
Since inception (12/2/21) | 5.20% |
Portfolio Composition as of December 31, 2021 (1) | |
% of Net Assets | |
Common Stocks (4) | 99.1 |
Money Market Funds Less Net Liabilities | 0.9 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2021 (1) (2) (3) | ||
% of Net Assets | ||
1. | Wells Fargo & Co. | 3.9 |
2. | Philip Morris International, Inc. | 3.6 |
3. | Comcast Corp. Class A | 3.6 |
4. | Raytheon Technologies Corp. | 3.5 |
5. | Anthem, Inc. | 3.5 |
6. | Berkshire Hathaway, Inc. Class B | 3.1 |
7. | Goldman Sachs Group, Inc. / The | 2.9 |
8. | Walmart, Inc. | 2.8 |
9. | Amgen, Inc. | 2.7 |
10. | Roche Holding AG – ADR | 2.7 |
(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 | 20.2 |
Financials | 17.6 |
Health Care | 15.7 |
Information Technology | 13.5 |
Consumer Discretionary | 10.5 |
Consumer Staples | 6.4 |
Communication Services | 5.8 |
Real Estate | 3.2 |
Energy | 3.1 |
Materials | 2.1 |
Utilities | 1.0 |
99.1 |
Ohio National Fund, Inc. | ON AB Relative Value Portfolio |
Schedule of Investments | December 31, 2021 |
Common Stocks–99.1% | Shares | Value | |
Communication Services–5.8% | |||
Comcast Corp. Class A (Media) | 55,145 | $ 2,775,448 | |
Verizon Communications, Inc. (Diversified Telecom. Svs.) | 34,061 | 1,769,810 | |
4,545,258 | |||
Consumer Discretionary–10.5% | |||
AutoZone, Inc. (Specialty Retail) | (a) | 415 | 870,002 |
BorgWarner, Inc. (Auto Components) | 14,909 | 671,949 | |
D.R. Horton, Inc. (Household Durables) | 16,294 | 1,767,084 | |
Deckers Outdoor Corp. (Textiles, Apparel & Luxury Goods) | (a) | 715 | 261,912 |
eBay, Inc. (Internet & Direct Marketing Retail) | 3,746 | 249,109 | |
LKQ Corp. (Distributors) | 33,043 | 1,983,571 | |
Murphy U.S.A., Inc. (Specialty Retail) | 1,552 | 309,220 | |
Target Corp. (Multiline Retail) | 8,693 | 2,011,908 | |
8,124,755 | |||
Consumer Staples–6.4% | |||
Philip Morris International, Inc. (Tobacco) | 29,818 | 2,832,710 | |
Walmart, Inc. (Food & Staples Retailing) | 14,833 | 2,146,187 | |
4,978,897 | |||
Energy–3.1% | |||
Chevron Corp. (Oil, Gas & Consumable Fuels) | 4,938 | 579,474 | |
ConocoPhillips (Oil, Gas & Consumable Fuels) | 7,999 | 577,368 | |
EOG Resources, Inc. (Oil, Gas & Consumable Fuels) | 10,573 | 939,200 | |
Helmerich & Payne, Inc. (Energy Equip. & Svs.) | 12,680 | 300,516 | |
2,396,558 | |||
Financials–17.6% | |||
Aflac, Inc. (Insurance) | 9,854 | 575,375 | |
Allstate Corp. / The (Insurance) | 6,029 | 709,312 | |
Berkshire Hathaway, Inc. Class B (Diversified Financial Svs.) | (a) | 8,080 | 2,415,920 |
Capital One Financial Corp. (Consumer Finance) | 1,697 | 246,218 | |
Citigroup, Inc. (Banks) | 22,356 | 1,350,079 | |
Fidelity National Financial, Inc. (Insurance) | 5,790 | 302,122 | |
Goldman Sachs Group, Inc. / The (Capital Markets) | 5,900 | 2,257,045 | |
JPMorgan Chase & Co. (Banks) | 10,778 | 1,706,696 | |
Northern Trust Corp. (Capital Markets) | 8,890 | 1,063,333 | |
Wells Fargo & Co. (Banks) | 62,925 | 3,019,141 | |
13,645,241 | |||
Health Care–15.7% | |||
Amgen, Inc. (Biotechnology) | 9,406 | 2,116,068 | |
Anthem, Inc. (Health Care Providers & Svs.) | 5,821 | 2,698,266 | |
Bio-Rad Laboratories, Inc. Class A (Life Sciences Tools & Svs.) | (a) | 934 | 705,702 |
Cigna Corp. (Health Care Providers & Svs.) | 5,859 | 1,345,402 | |
PerkinElmer, Inc. (Life Sciences Tools & Svs.) | 4,486 | 901,955 | |
Pfizer, Inc. (Pharmaceuticals) | 23,408 | 1,382,242 | |
Quest Diagnostics, Inc. (Health Care Providers & Svs.) | 3,118 | 539,445 | |
Regeneron Pharmaceuticals, Inc. (Biotechnology) | (a) | 722 | 455,958 |
Roche Holding AG – ADR (Pharmaceuticals) | 39,960 | 2,065,533 | |
12,210,571 | |||
Industrials–20.2% | |||
3M Co. (Industrial Conglomerates) | 2,533 | 449,937 | |
Acuity Brands, Inc. (Electrical Equip.) | 1,656 | 350,608 | |
Altra Industrial Motion Corp. (Machinery) | 5,095 | 262,749 |
Common Stocks (Continued) | Shares | Value | |
Industrials (continued) | |||
Curtiss-Wright Corp. (Aerospace & Defense) | 5,638 | $ 781,822 | |
EMCOR Group, Inc. (Construction & Engineering) | 5,875 | 748,416 | |
Emerson Electric Co. (Electrical Equip.) | 17,065 | 1,586,533 | |
Expeditors International of Washington, Inc. (Air Freight & Logistics) | 5,095 | 684,208 | |
Flowserve Corp. (Machinery) | 8,869 | 271,391 | |
Hexcel Corp. (Aerospace & Defense) | (a) | 13,297 | 688,785 |
Knight-Swift Transportation Holdings, Inc. (Road & Rail) | 25,380 | 1,546,657 | |
Leidos Holdings, Inc. (Professional Svs.) | 6,899 | 613,321 | |
Middleby Corp. / The (Machinery) | (a) | 1,545 | 303,994 |
MSC Industrial Direct Co., Inc. Class A (Trading Companies & Distributors) | 9,901 | 832,278 | |
Raytheon Technologies Corp. (Aerospace & Defense) | 31,983 | 2,752,457 | |
Robert Half International, Inc. (Professional Svs.) | 9,726 | 1,084,644 | |
Textron, Inc. (Aerospace & Defense) | 18,527 | 1,430,284 | |
Westinghouse Air Brake Technologies Corp. (Machinery) | 13,884 | 1,278,855 | |
15,666,939 | |||
Information Technology–13.5% | |||
Ciena Corp. (Communications Equip.) | (a) | 14,738 | 1,134,384 |
Cisco Systems, Inc. (Communications Equip.) | 29,954 | 1,898,185 | |
Cognizant Technology Solutions Corp. Class A (IT Svs.) | 22,015 | 1,953,171 | |
Dolby Laboratories, Inc. Class A (Software) | 3,132 | 298,229 | |
F5, Inc. (Communications Equip.) | (a) | 4,409 | 1,078,926 |
FleetCor Technologies, Inc. (IT Svs.) | (a) | 7,879 | 1,763,635 |
Keysight Technologies, Inc. (Electronic Equip., Instr. & Comp.) | (a) | 1,468 | 303,157 |
Maximus, Inc. (IT Svs.) | 15,628 | 1,245,083 | |
MKS Instruments, Inc. (Semiconductors & Equip.) | 4,850 | 844,724 | |
10,519,494 | |||
Materials–2.1% | |||
BHP Group Ltd. – ADR (Metals & Mining) | 8,060 | 486,421 | |
Mosaic Co. / The (Chemicals) | 14,511 | 570,137 | |
Steel Dynamics, Inc. (Metals & Mining) | 9,734 | 604,190 | |
1,660,748 | |||
Real Estate–3.2% | |||
CBRE Group, Inc. Class A (Real Estate Mgmt. & Development) | (a) | 18,246 | 1,979,873 |
Weyerhaeuser Co. (Equity REIT) | 11,560 | 476,041 | |
2,455,914 | |||
Utilities–1.0% | |||
IDACORP, Inc. (Electric Utilities) | 6,774 | 767,562 | |
Total Common Stocks (Cost $73,157,733) | $76,971,937 |
Money Market Funds–2.4% | Shares | Value | |
State Street Institutional Liquid Reserves Fund Institutional Class, 0.040% | (b) | 1,827,714 | $ 1,827,897 |
Total Money Market Funds (Cost $1,827,897) | $ 1,827,897 | ||
Total Investments – 101.5% (Cost $74,985,630) | (c) | $78,799,834 | |
Liabilities in Excess of Other Assets – (1.5)% | (1,155,728) | ||
Net Assets – 100.0% | $77,644,106 |
Percentages are stated as a percent of net assets. |
Abbreviations: | ||
ADR: | American Depositary Receipts |
Ohio National Fund, Inc. | ON AB Relative Value Portfolio (Continued) |
Schedule of Investments | December 31, 2021 |
Footnotes: | ||
(a) | Non-income producing security. | |
(b) | Rate represents the seven-day yield at December 31, 2021. | |
(c) | Represents cost for financial reporting purposes, which may differ from cost basis for federal income tax purposes. See also Note 7 of the Notes to Financial Statements. |
Ohio National Fund, Inc. | ON Moderately Conservative Model Portfolio (Unaudited) |
Average Annual returns | |
One year | 7.90% |
Since inception (3/1/17) | 7.43% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2021. |
Ohio National Fund, Inc. | ON Moderately Conservative Model Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2021 | |
% of Net Assets | |
Open-End Mutual Funds Less Net Liabilities | 100.0 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2021 | ||
% of Net Assets | ||
1. | Western Asset Core Plus Bond IS | 13.0 |
2. | PIMCO Total Return Institutional | 13.0 |
3. | ON Federated Core Plus Bond Portfolio | 13.0 |
4. | ON S&P 500® Index Portfolio | 13.0 |
5. | PIMCO Low Duration Institutional | 8.0 |
6. | ON Bond Portfolio | 7.0 |
7. | ON Federated High Income Bond Portfolio | 5.0 |
8. | ON S&P MidCap 400® Index Portfolio | 5.0 |
9. | ON BlackRock Advantage International Equity Portfolio | 4.5 |
10. | ON BlackRock Advantage Large Cap Value Portfolio | 4.0 |
Ohio National Fund, Inc. | ON Moderately Conservative Model Portfolio |
Schedule of Investments in Unaffiliated Issuers | December 31, 2021 |
Open-End Mutual Funds–39.6% | Shares | Value | |
DFA Emerging Markets Portfolio Institutional | 133,864 | $ 4,223,414 | |
DFA International Core Equity Portfolio Institutional | 524,648 | 8,446,827 | |
PIMCO Low Duration Institutional | 2,300,341 | 22,543,338 | |
PIMCO Total Return Institutional | 3,570,628 | 36,670,355 | |
Vanguard International Growth Fund Admiral Class | 20,213 | 2,815,609 | |
Western Asset Core Plus Bond IS | 3,077,669 | 36,685,819 | |
Total Open-End Mutual Funds | $111,385,362 | ||
Total Investments in Securities of Unaffiliated Issuers – 39.6% (Cost $108,256,845) | $111,385,362 | ||
Total Investments in Affiliates – 60.4% (Cost $140,112,828) (see schedule below) | 170,344,345 | ||
Liabilities in Excess of Other Assets – 0.0% | (116,649) | ||
Net Assets – 100.0% | $281,613,058 |
Percentages are stated as a percent of net assets. |
Schedule of Investments in Affiliates | December 31, 2021 |
Affiliate | Value at January 1, 2021 | Cost of Purchases | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Income Distributions | Capital Gain Distributions | Shares at December 31, 2021 | Value at December 31, 2021 | |||||
Open-End Mutual Funds – 60.4% | ||||||||||||||
Fidelity Advisor® Real Estate I | (a) | $ 3,034,303 | $ 422,358 | $ 1,463,673 | $ 146,410 | $ 676,211 | $ 21,770 | $ 140,353 | 108,963 | $ 2,815,609 | ||||
ON AB Mid Cap Core Portfolio | (a) | 3,034,303 | 335,875 | 850,393 | 270,730 | 25,094 | 4,291 | 170,440 | 45,086 | 2,815,609 | ||||
ON AB Relative Value Portfolio | (a) | — | 2,798,118 | 126,317 | 4,633 | 139,175 | — | — | 267,643 | 2,815,609 | ||||
ON AB Small Cap Portfolio | (a) | 3,034,303 | 668,049 | 816,946 | 216,316 | (286,113) | — | 326,407 | 66,048 | 2,815,609 | ||||
ON BlackRock Advantage International Equity Portfolio | (a) | 13,654,362 | 1,103,831 | 3,646,677 | 549,235 | 1,009,490 | 173,591 | — | 687,106 | 12,670,241 | ||||
ON BlackRock Advantage Large Cap Core Portfolio | (a) | 6,068,605 | 709,794 | 2,089,437 | 431,771 | 510,485 | 55,098 | 493,980 | 125,585 | 5,631,218 | ||||
ON BlackRock Advantage Large Cap Value Portfolio | (a) | 15,171,513 | 803,198 | 7,792,481 | 1,921,766 | 1,158,440 | 185,401 | — | 475,811 | 11,262,436 | ||||
ON Bond Portfolio | (a) | 21,240,118 | 1,698,918 | 2,317,298 | 316,491 | (1,228,966) | 546,697 | 43,816 | 991,412 | 19,709,263 | ||||
ON Federated Core Plus Bond Portfolio | (a) | 30,343,026 | 10,559,724 | 3,914,411 | 124,645 | (510,067) | 129,035 | 4,560 | 3,553,681 | 36,602,917 | ||||
ON Federated High Income Bond Portfolio | (a) | 15,171,513 | 1,224,512 | 2,303,450 | 345,241 | (359,771) | 729,957 | — | 652,365 | 14,078,045 | ||||
ON Janus Henderson Forty Portfolio | (a) | 3,034,303 | 557,564 | 945,100 | 374,961 | (206,119) | — | 379,638 | 77,288 | 2,815,609 | ||||
ON Nasdaq-100® Index Portfolio | (a) | 6,068,605 | 1,398,831 | 2,158,933 | 821,307 | (498,592) | 27,060 | 1,089,865 | 197,034 | 5,631,218 | ||||
ON S&P 500® Index Portfolio | (a) | 39,445,934 | 3,571,136 | 13,482,618 | 4,034,331 | 3,034,134 | 537,700 | 2,015,649 | 792,271 | 36,602,917 | ||||
ON S&P MidCap 400® Index Portfolio | (a) | 15,171,513 | 1,356,699 | 5,391,372 | 1,644,855 | 1,296,350 | 146,023 | 231,373 | 536,920 | 14,078,045 | ||||
Total Open-End Mutual Funds | $11,202,692 | $ 4,759,751 | $2,556,623 | $4,896,081 | $170,344,345 |
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, 2021. |
Ohio National Fund, Inc. | ON Balanced Model Portfolio (Unaudited) |
Average Annual returns | |
One year | 11.03% |
Since inception (3/1/17) | 8.81% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2021. |
Ohio National Fund, Inc. | ON Balanced Model Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2021 | |
% of Net Assets | |
Open-End Mutual Funds Less Net Liabilities | 100.0 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2021 | ||
% of Net Assets | ||
1. | ON S&P 500® Index Portfolio | 15.0 |
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 | 5.0 |
9. | ON Bond Portfolio | 5.0 |
10. | DFA International Core Equity Portfolio Institutional | 4.0 |
Ohio National Fund, Inc. | ON Balanced Model Portfolio |
Schedule of Investments in Unaffiliated Issuers | December 31, 2021 |
Open-End Mutual Funds–34.0% | Shares | Value | |
DFA Emerging Markets Portfolio Institutional | 1,385,079 | $ 43,699,242 | |
DFA International Core Equity Portfolio Institutional | 2,714,239 | 43,699,242 | |
PIMCO Low Duration Institutional | 6,694,111 | 65,602,285 | |
PIMCO Total Return Institutional | 8,525,666 | 87,558,592 | |
Vanguard International Growth Fund Admiral Class | 235,279 | 32,774,432 | |
Western Asset Core Plus Bond IS | 8,267,173 | 98,544,702 | |
Total Open-End Mutual Funds | $ 371,878,495 | ||
Total Investments in Securities of Unaffiliated Issuers – 34.0% (Cost $349,393,392) | $ 371,878,495 | ||
Total Investments in Affiliates – 66.0% (Cost $565,646,407) (see schedule below) | 721,037,500 | ||
Liabilities in Excess of Other Assets – 0.0% | (391,932) | ||
Net Assets – 100.0% | $1,092,524,063 |
Percentages are stated as a percent of net assets. |
Schedule of Investments in Affiliates | December 31, 2021 |
Affiliate | Value at January 1, 2021 | Cost of Purchases | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Income Distributions | Capital Gain Distributions | Shares at December 31, 2021 | Value at December 31, 2021 | |||||
Open-End Mutual Funds – 66.0% | ||||||||||||||
Fidelity Advisor® Real Estate I | (a) | $ 11,276,978 | $ 1,016,560 | $ 4,477,109 | $ 194,060 | $ 2,914,322 | $ 84,330 | $ 543,964 | 422,787 | $ 10,924,811 | ||||
ON AB Mid Cap Core Portfolio | (a) | 11,276,978 | 780,713 | 2,224,450 | 709,872 | 381,698 | 16,680 | 662,542 | 174,937 | 10,924,811 | ||||
ON AB Relative Value Portfolio | (a) | — | 21,612,032 | 872,202 | 29,772 | 1,080,019 | — | — | 2,076,960 | 21,849,621 | ||||
ON AB Small Cap Portfolio | (a) | 11,276,978 | 1,939,255 | 1,962,033 | 720,163 | (1,049,552) | — | 1,270,772 | 256,271 | 10,924,811 | ||||
ON BlackRock Advantage International Equity Portfolio | (a) | 90,215,828 | 3,909,708 | 17,062,882 | 2,555,004 | 7,780,827 | 1,200,254 | — | 4,739,614 | 87,398,485 | ||||
ON BlackRock Advantage Large Cap Core Portfolio | (a) | 22,553,957 | 2,373,877 | 6,623,465 | 1,805,431 | 1,739,821 | 213,933 | 1,918,028 | 487,280 | 21,849,621 | ||||
ON BlackRock Advantage Large Cap Growth Portfolio | (a) | 22,553,957 | 3,172,795 | 16,366,659 | 6,053,855 | (4,489,137) | 29,219 | 2,934,976 | 324,660 | 10,924,811 | ||||
ON BlackRock Advantage Large Cap Value Portfolio | (a) | 67,661,871 | 13,444,897 | 40,490,091 | 10,352,776 | 3,654,600 | 1,007,266 | — | 2,307,734 | 54,624,053 | ||||
ON BlackRock Advantage Small Cap Growth Portfolio | (a) | 22,553,957 | 5,330,959 | 4,408,344 | 1,527,206 | (3,154,157) | — | 2,753,108 | 575,141 | 21,849,621 | ||||
ON Bond Portfolio | (a) | 56,384,892 | 4,569,566 | 3,919,117 | 545,525 | (2,956,813) | 1,511,441 | 121,136 | 2,747,689 | 54,624,053 | ||||
ON Federated Core Plus Bond Portfolio | (a) | 90,215,828 | 3,499,204 | 4,891,962 | 169,836 | (1,594,421) | 307,435 | 10,865 | 8,485,290 | 87,398,485 | ||||
ON Federated High Income Bond Portfolio | (a) | 33,830,935 | 2,026,327 | 3,009,905 | 472,231 | (545,156) | 1,701,100 | — | 1,518,741 | 32,774,432 | ||||
ON Janus Henderson Forty Portfolio | (a) | 22,553,957 | 1,755,390 | 15,842,225 | 7,906,940 | (5,449,251) | — | 1,480,958 | 299,885 | 10,924,811 | ||||
ON Nasdaq-100® Index Portfolio | (a) | 22,553,957 | 4,777,963 | 6,621,277 | 2,485,618 | (1,346,640) | 105,491 | 4,248,828 | 764,507 | 21,849,621 | ||||
ON S&P 500® Index Portfolio | (a) | 157,877,698 | 23,089,329 | 46,030,005 | 14,865,017 | 14,070,119 | 2,410,302 | 9,035,372 | 3,547,016 | 163,872,158 | ||||
ON S&P MidCap 400® Index Portfolio | (a) | 101,492,806 | 5,761,442 | 28,747,691 | 8,643,736 | 11,173,002 | 1,023,857 | 1,622,304 | 3,749,935 | 98,323,295 | ||||
Total Open-End Mutual Funds | $59,037,042 | $22,209,281 | $9,611,308 | $26,602,853 | $721,037,500 |
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, 2021. |
Ohio National Fund, Inc. | ON Moderate Growth Model Portfolio (Unaudited) |
Average Annual returns | |
One year | 14.83% |
Since inception (3/1/17) | 10.68% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2021. |
Ohio National Fund, Inc. | ON Moderate Growth Model Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2021 | |
% of Net Assets | |
Open-End Mutual Funds Less Net Liabilities | 100.0 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2021 | ||
% of Net Assets | ||
1. | ON S&P 500® Index Portfolio | 18.0 |
2. | ON S&P MidCap 400® Index Portfolio | 10.0 |
3. | ON BlackRock Advantage International Equity Portfolio | 9.0 |
4. | ON BlackRock Advantage Large Cap Value Portfolio | 8.0 |
5. | Western Asset Core Plus Bond IS | 7.0 |
6. | DFA International Core Equity Portfolio Institutional | 6.0 |
7. | ON Federated Core Plus Bond Portfolio | 6.0 |
8. | ON BlackRock Advantage Large Cap Core Portfolio | 4.0 |
9. | Vanguard International Growth Fund Admiral Class | 4.0 |
10. | DFA Emerging Markets Portfolio Institutional | 4.0 |
Ohio National Fund, Inc. | ON Moderate Growth Model Portfolio |
Schedule of Investments in Unaffiliated Issuers | December 31, 2021 |
Open-End Mutual Funds–23.5% | Shares | Value | |
DFA Emerging Markets Portfolio Institutional | 2,507,288 | $ 79,104,934 | |
DFA International Core Equity Portfolio Institutional | 7,370,025 | 118,657,402 | |
PIMCO Low Duration Institutional | 3,029,420 | 29,688,321 | |
PIMCO Total Return Institutional | 1,929,129 | 19,812,156 | |
Vanguard International Growth Fund Admiral Class | 567,875 | 79,104,935 | |
Western Asset Core Plus Bond IS | 11,639,492 | 138,742,745 | |
Total Open-End Mutual Funds | $ 465,110,493 | ||
Total Investments in Securities of Unaffiliated Issuers – 23.5% (Cost $421,689,919) | $ 465,110,493 | ||
Total Investments in Affiliates – 76.5% (Cost $1,168,985,978) (see schedule below) | 1,512,881,875 | ||
Liabilities in Excess of Other Assets – 0.0% | (667,945) | ||
Net Assets – 100.0% | $1,977,324,423 |
Percentages are stated as a percent of net assets. |
Schedule of Investments in Affiliates | December 31, 2021 |
Affiliate | Value at January 1, 2021 | Cost of Purchases | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Income Distributions | Capital Gain Distributions | Shares at December 31, 2021 | Value at December 31, 2021 | |||||
Open-End Mutual Funds – 76.5% | ||||||||||||||
Fidelity Advisor® Real Estate I | (a) | $ 19,878,241 | $ 1,631,379 | $ 7,242,963 | $ 312,785 | $ 5,196,792 | $ 152,072 | $ 983,886 | 765,334 | $ 19,776,234 | ||||
ON AB Mid Cap Core Portfolio | (a) | 19,878,241 | 1,278,701 | 3,302,852 | 1,048,518 | 873,626 | 29,657 | 1,177,958 | 316,673 | 19,776,234 | ||||
ON AB Relative Value Portfolio | (a) | — | 38,767,084 | 1,216,857 | 47,175 | 1,955,065 | — | — | 3,759,740 | 39,552,467 | ||||
ON AB Small Cap Portfolio | (a) | 39,756,483 | 7,309,356 | 6,322,446 | 2,252,058 | (3,442,984) | — | 4,517,700 | 927,808 | 39,552,467 | ||||
ON BlackRock Advantage International Equity Portfolio | (a) | 178,904,172 | 7,241,018 | 28,762,400 | 4,278,044 | 16,325,269 | 2,394,945 | — | 9,652,175 | 177,986,103 | ||||
ON BlackRock Advantage Large Cap Core Portfolio | (a) | 79,512,965 | 7,865,133 | 20,828,410 | 8,319,341 | 4,235,906 | 761,221 | 6,824,779 | 1,764,160 | 79,104,935 | ||||
ON BlackRock Advantage Large Cap Growth Portfolio | (a) | 59,634,724 | 11,086,816 | 33,492,937 | 16,801,018 | (14,477,154) | 103,771 | 10,423,756 | 1,175,408 | 39,552,467 | ||||
ON BlackRock Advantage Large Cap Value Portfolio | (a) | 139,147,689 | 43,974,048 | 55,819,951 | 14,123,386 | 16,784,697 | 2,297,616 | — | 6,683,983 | 158,209,869 | ||||
ON BlackRock Advantage Small Cap Growth Portfolio | (a) | 59,634,724 | 14,847,319 | 10,733,181 | 3,763,656 | (8,183,817) | — | 7,341,616 | 1,561,693 | 59,328,701 | ||||
ON Bond Portfolio | (a) | 69,573,845 | 6,821,595 | 4,206,805 | 592,936 | (3,564,753) | 1,875,703 | 150,330 | 3,481,731 | 69,216,818 | ||||
ON Federated Core Plus Bond Portfolio | (a) | 119,269,448 | 7,455,240 | 6,192,276 | 219,520 | (2,094,530) | 409,160 | 14,459 | 11,520,136 | 118,657,402 | ||||
ON Federated High Income Bond Portfolio | (a) | 39,756,483 | 3,073,029 | 3,193,519 | 493,629 | (577,155) | 2,012,145 | — | 1,832,830 | 39,552,467 | ||||
ON Janus Henderson Forty Portfolio | (a) | 79,512,965 | 9,343,304 | 55,445,351 | 23,551,317 | (17,409,768) | — | 7,874,026 | 1,085,711 | 39,552,467 | ||||
ON Nasdaq-100® Index Portfolio | (a) | 79,512,965 | 13,315,552 | 39,686,689 | 16,073,677 | (9,886,804) | 280,850 | 11,311,667 | 2,075,882 | 59,328,701 | ||||
ON S&P 500® Index Portfolio | (a) | 337,930,102 | 42,525,112 | 86,692,055 | 28,380,368 | 33,828,679 | 5,144,488 | 19,284,869 | 7,705,026 | 355,972,206 | ||||
ON S&P MidCap 400® Index Portfolio | (a) | 198,782,413 | 9,921,662 | 49,660,764 | 14,653,532 | 24,065,494 | 2,018,671 | 3,198,590 | 7,542,423 | 197,762,337 | ||||
Total Open-End Mutual Funds | $134,910,960 | $ 43,628,563 | $17,480,299 | $73,103,636 | $1,512,881,875 |
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, 2021. |
Ohio National Fund, Inc. | ON Growth Model Portfolio (Unaudited) |
Average Annual returns | |
One year | 17.58% |
Since inception (3/1/17) | 12.13% |
(1) | The Portfolio’s composition is subject to change. Holdings and weightings are as of December 31, 2021. |
Ohio National Fund, Inc. | ON Growth Model Portfolio (Unaudited) (Continued) |
Portfolio Composition as of December 31, 2021 | |
% of Net Assets | |
Open-End Mutual Funds Less Net Liabilities | 100.0 |
100.0 |
Top 10 Portfolio Holdings as of December 31, 2021 | ||
% of Net Assets | ||
1. | ON S&P 500® Index Portfolio | 18.0 |
2. | ON BlackRock Advantage International Equity Portfolio | 12.0 |
3. | ON S&P MidCap 400® Index Portfolio | 11.5 |
4. | ON BlackRock Advantage Large Cap Value Portfolio | 8.0 |
5. | DFA International Core Equity Portfolio Institutional | 7.0 |
6. | ON BlackRock Advantage Large Cap Core Portfolio | 6.0 |
7. | DFA Emerging Markets Portfolio Institutional | 5.0 |
8. | Vanguard International Growth Fund Admiral Class | 5.0 |
9. | ON BlackRock Advantage Small Cap Growth Portfolio | 4.5 |
10. | ON AB Small Cap Portfolio | 4.0 |
Ohio National Fund, Inc. | ON Growth Model Portfolio |
Schedule of Investments in Unaffiliated Issuers | December 31, 2021 |
Open-End Mutual Funds–20.0% | Shares | Value | |
DFA Emerging Markets Portfolio Institutional | 710,505 | $ 22,416,425 | |
DFA International Core Equity Portfolio Institutional | 1,949,254 | 31,382,994 | |
PIMCO Total Return Institutional | 437,332 | 4,491,397 | |
Vanguard International Growth Fund Admiral Class | 160,922 | 22,416,425 | |
Western Asset Core Plus Bond IS | 753,901 | 8,986,508 | |
Total Open-End Mutual Funds | $ 89,693,749 | ||
Total Investments in Securities of Unaffiliated Issuers – 20.0% (Cost $78,478,394) | $ 89,693,749 | ||
Total Investments in Affiliates – 80.0% (Cost $272,931,216) (see schedule below) | 358,662,799 | ||
Liabilities in Excess of Other Assets – 0.0% | (169,573) | ||
Net Assets – 100.0% | $448,186,975 |
Percentages are stated as a percent of net assets. |
Schedule of Investments in Affiliates | December 31, 2021 |
Affiliate | Value at January 1, 2021 | Cost of Purchases | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Income Distributions | Capital Gain Distributions | Shares at December 31, 2021 | Value at December 31, 2021 | |||||
Open-End Mutual Funds – 80.0% | ||||||||||||||
Fidelity Advisor® Real Estate I | (a) | $ 4,432,373 | $ 423,744 | $ 1,612,846 | $ 201,730 | $ 1,038,284 | $ 34,363 | $ 221,812 | 173,502 | $ 4,483,285 | ||||
ON AB Mid Cap Core Portfolio | (a) | 4,432,373 | 313,776 | 691,599 | 218,918 | 209,817 | 6,752 | 268,196 | 71,790 | 4,483,285 | ||||
ON AB Relative Value Portfolio | (a) | — | 13,159,351 | 384,899 | 10,929 | 664,474 | — | — | 1,278,503 | 13,449,855 | ||||
ON AB Small Cap Portfolio | (a) | 17,729,493 | 3,655,068 | 2,886,125 | 1,014,657 | (1,579,953) | — | 1,809,183 | 420,670 | 17,933,140 | ||||
ON BlackRock Advantage International Equity Portfolio | (a) | 53,188,478 | 1,943,661 | 7,475,735 | 1,108,236 | 5,034,780 | 729,220 | — | 2,917,539 | 53,799,420 | ||||
ON BlackRock Advantage Large Cap Core Portfolio | (a) | 22,161,866 | 6,835,185 | 5,520,748 | 2,180,986 | 1,242,421 | 260,616 | 2,336,569 | 599,904 | 26,899,710 | ||||
ON BlackRock Advantage Large Cap Growth Portfolio | (a) | 13,297,120 | 2,667,320 | 7,488,447 | 3,760,125 | (3,269,548) | 23,698 | 2,380,462 | 266,466 | 8,966,570 | ||||
ON BlackRock Advantage Large Cap Value Portfolio | (a) | 31,026,612 | 10,075,500 | 12,169,196 | 2,993,859 | 3,939,505 | 523,103 | — | 1,515,263 | 35,866,280 | ||||
ON BlackRock Advantage Small Cap Growth Portfolio | (a) | 19,945,679 | 5,600,558 | 3,837,617 | 1,236,735 | (2,770,573) | — | 2,505,882 | 531,055 | 20,174,782 | ||||
ON Bond Portfolio | (a) | 4,432,373 | 636,633 | 394,732 | 63,160 | (254,149) | 121,785 | 9,761 | 225,517 | 4,483,285 | ||||
ON Federated High Income Bond Portfolio | (a) | 4,432,373 | 494,958 | 433,102 | 50,245 | (61,189) | 228,190 | — | 207,752 | 4,483,285 | ||||
ON Janus Henderson Forty Portfolio | (a) | 22,161,866 | 3,051,523 | 13,365,128 | 5,468,854 | (3,867,260) | — | 2,055,817 | 369,197 | 13,449,855 | ||||
ON Nasdaq-100® Index Portfolio | (a) | 31,026,612 | 5,328,039 | 20,823,860 | 8,274,485 | (5,872,136) | 106,964 | 4,308,144 | 627,472 | 17,933,140 | ||||
ON S&P 500® Index Portfolio | (a) | 75,350,344 | 9,238,244 | 17,784,691 | 6,524,499 | 7,370,734 | 1,174,229 | 4,401,770 | 1,746,734 | 80,699,130 | ||||
ON S&P MidCap 400® Index Portfolio | (a) | 50,972,292 | 2,774,982 | 12,150,320 | 3,574,718 | 6,386,105 | 529,454 | 838,920 | 1,966,353 | 51,557,777 | ||||
Total Open-End Mutual Funds | $36,682,136 | $ 8,211,312 | $3,738,374 | $21,136,516 | $358,662,799 |
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, 2021. |
Statements of Assets and Liabilities | December 31, 2021 |
ON Bond Portfolio | ON BlackRock Balanced Allocation Portfolio | ON BlackRock Advantage International Equity Portfolio | ON Janus Henderson Forty Portfolio | ON AB Small Cap Portfolio | ON AB Mid Cap Core Portfolio | ON S&P 500® Index Portfolio | ON BlackRock Advantage Large Cap Value Portfolio | ||||||||
Assets: | |||||||||||||||
Investments in securities of unaffiliated issuers, at value* | $270,997,821 | $551,386,800 | $504,121,456 | $141,781,717 | $168,829,318 | $105,044,671 | $1,320,777,784 | $328,816,317 | |||||||
Cash | — | 34,462 | 43,843 | — | — | 578 | — | 44,730 | |||||||
Cash subject to usage restrictions | — | 287,500 | 513,197 | — | — | — | 494,500 | 265,650 | |||||||
Foreign currencies, at value | — | — | 5,193 | 1 | — | — | — | 480,922 | |||||||
Receivable for foreign currency | — | — | 548,763 | — | — | — | — | — | |||||||
Receivable for securities sold | — | — | 17,794,037 | — | 1,394,951 | 79,864 | 11,017,479 | — | |||||||
Receivable for fund shares sold | 4,332,344 | 67,612 | 1,518,540 | 483,642 | 435,966 | 7,773 | 78,083 | 15,953 | |||||||
Dividends and accrued interest receivable | 2,266,893 | 1,391,073 | 615,692 | 22,073 | 82,254 | 71,169 | 804,942 | 240,569 | |||||||
Foreign tax reclaim receivable | — | — | 1,295,793 | 4,629 | — | 2,537 | — | 132,022 | |||||||
Prepaid expenses and other assets | 3,136 | 7,433 | 13,704 | 2,336 | 2,386 | 1,449 | 17,847 | 4,859 | |||||||
Total assets | 277,600,194 | 553,174,880 | 526,470,218 | 142,294,398 | 170,744,875 | 105,208,041 | 1,333,190,635 | 330,001,022 | |||||||
Liabilities: | |||||||||||||||
Cash overdraft | — | — | — | — | — | — | 1,424,564 | — | |||||||
Foreign currency overdraft | — | — | 553,010 | — | — | — | — | — | |||||||
Payable for securities purchased | — | — | 15,071,452 | — | 1,230,753 | 113,334 | — | — | |||||||
Payable for fund shares redeemed | 14,790 | 1,076,195 | 2,888,062 | 8,834 | 83,949 | 351,015 | 6,171,711 | 3,857,449 | |||||||
Payable for investment management services | 124,154 | 225,111 | 301,441 | 86,764 | 102,818 | 62,464 | 377,514 | 186,909 | |||||||
Payable for variation margin on futures contracts | — | 20,672 | 15,195 | — | — | — | 124,048 | 17,922 | |||||||
Accrued custody expense | 1,186 | 6,720 | 89,614 | 2,945 | 6,834 | 6,641 | 10,947 | 5,983 | |||||||
Accrued professional fees | 9,857 | 10,015 | 9,991 | 9,796 | 9,799 | 9,761 | 10,470 | 9,916 | |||||||
Accrued accounting fees | 8,726 | 16,585 | 21,996 | 4,138 | 5,575 | 4,745 | 26,904 | 8,715 | |||||||
Accrued printing and filing fees | 776 | 817 | 593 | 598 | 590 | 643 | 611 | 627 | |||||||
Other liabilities | 8,529 | 8,700 | 465 | 8,454 | 8,199 | 7,801 | 9,309 | 8,580 | |||||||
Withholding tax payable | — | — | 51,163 | — | — | 163 | 741 | — | |||||||
Total liabilities | 168,018 | 1,364,815 | 19,002,982 | 121,529 | 1,448,517 | 556,567 | 8,156,819 | 4,096,101 | |||||||
Commitments and contingent liabilities (see Note 8 of Notes to Financial Statements) | |||||||||||||||
Net assets | $277,432,176 | $551,810,065 | $507,467,236 | $142,172,869 | $169,296,358 | $104,651,474 | $1,325,033,816 | $325,904,921 | |||||||
Net assets consist of: | |||||||||||||||
Paid in capital | 252,287,832 | 387,503,381 | 423,484,404 | 30,023,461 | 78,799,226 | 58,026,220 | 613,323,360 | 240,155,682 | |||||||
Total distributable earnings | 25,144,344 | 164,306,684 | 83,982,832 | 112,149,408 | 90,497,132 | 46,625,254 | 711,710,456 | 85,749,239 | |||||||
Net assets | $277,432,176 | $551,810,065 | $507,467,236 | $142,172,869 | $169,296,358 | $104,651,474 | $1,325,033,816 | $325,904,921 | |||||||
*Investments in securities of unaffiliated issuers, at cost | $254,403,066 | $477,501,218 | $479,380,033 | $ 88,767,404 | $155,049,206 | $ 96,692,506 | $ 739,203,204 | $303,562,062 | |||||||
Foreign currencies, at cost | $ — | $ — | $ 5,182 | $ 1 | $ — | $ — | $ — | $ 464,300 | |||||||
Shares outstanding, par value, $1 per share | 13,958,701 | 13,004,724 | 27,520,247 | 3,902,584 | 3,971,239 | 1,675,713 | 28,680,963 | 13,770,503 | |||||||
Authorized Fund shares allocated to Portfolio | 22,000,000 | 22,000,000 | 50,000,000 | 9,000,000 | 7,000,000 | 4,000,000 | 50,000,000 | 26,000,000 | |||||||
Net asset value per share | $ 19.88 | $ 42.43 | $ 18.44 | $ 36.43 | $ 42.63 | $ 62.45 | $ 46.20 | $ 23.67 |
Statements of Assets and Liabilities | December 31, 2021 |
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 | ON Risk Managed Balanced Portfolio | ON Federated Core Plus Bond Portfolio | ||||||||
Assets: | |||||||||||||||
Investments in securities of unaffiliated issuers, at value* | $166,233,914 | $356,702,839 | $442,475,039 | $194,585,086 | $441,900,475 | $81,603,113 | $448,072,979 | $705,986,765 | |||||||
Cash | — | 28,528 | 38,157 | 3,278 | — | 2,609 | — | 27 | |||||||
Cash subject to usage restrictions | — | 119,000 | 310,500 | 162,000 | 189,000 | 51,000 | — | — | |||||||
Receivable for securities sold | 599,888 | — | — | — | — | — | 3,489,809 | — | |||||||
Receivable for fund shares sold | 995,184 | 406,493 | 88,487 | 1,591,085 | 2,687 | 49,357 | 18,022 | 7,566,100 | |||||||
Receivable for variation margin on futures contracts | — | — | — | — | 1,540 | — | 135,867 | — | |||||||
Dividends and accrued interest receivable | 2,528,522 | 86,302 | 220,633 | 50,779 | 403,424 | 23,108 | 1,034,057 | 3,786,728 | |||||||
Prepaid expenses and other assets | 1,928 | 5,096 | 5,908 | 2,785 | 5,984 | 1,277 | 6,154 | 6,925 | |||||||
Total assets | 170,359,436 | 357,348,258 | 443,138,724 | 196,395,013 | 442,503,110 | 81,730,464 | 452,756,888 | 717,346,545 | |||||||
Liabilities: | |||||||||||||||
Cash overdraft | — | — | — | — | 44 | — | 3,665 | — | |||||||
Payable for securities purchased | — | — | — | — | — | — | 4,859,539 | — | |||||||
Payable for fund shares redeemed | 36,047 | 659,729 | 5,589,872 | 6,500 | 4,783,195 | 193,036 | 542,943 | 283,332 | |||||||
Payable for investment management services | 102,766 | 108,164 | 237,436 | 124,524 | 129,497 | 45,298 | 333,099 | 298,985 | |||||||
Payable for variation margin on futures contracts | — | 12,018 | 22,047 | 5,535 | — | 6,570 | — | 213,594 | |||||||
Accrued custody expense | 1,662 | 8,275 | 6,151 | 4,329 | 7,738 | 3,846 | 16,364 | 5,097 | |||||||
Accrued professional fees | 9,797 | 9,913 | 9,952 | 9,816 | 9,955 | 9,748 | 12,723 | 16,629 | |||||||
Accrued accounting fees | 13,872 | 7,630 | 9,425 | 6,191 | 10,474 | 2,771 | 20,692 | 29,208 | |||||||
Accrued printing and filing fees | 878 | 567 | 563 | 642 | 605 | 613 | 817 | 786 | |||||||
Other liabilities | 8,543 | 8,692 | 8,903 | 8,233 | 8,765 | 8,405 | 8,152 | 8,840 | |||||||
Withholding tax payable | — | 516 | — | — | — | — | 55 | — | |||||||
Total liabilities | 173,565 | 815,504 | 5,884,349 | 165,770 | 4,950,273 | 270,287 | 5,798,049 | 856,471 | |||||||
Net assets | $170,185,871 | $356,532,754 | $437,254,375 | $196,229,243 | $437,552,837 | $81,460,177 | $446,958,839 | $716,490,074 | |||||||
Net assets consist of: | |||||||||||||||
Paid in capital | 167,067,586 | 103,952,686 | 268,382,905 | 132,263,732 | 272,515,326 | 31,275,078 | 310,086,790 | 711,714,707 | |||||||
Total distributable earnings | 3,118,285 | 252,580,068 | 168,871,470 | 63,965,511 | 165,037,511 | 50,185,099 | 136,872,049 | 4,775,367 | |||||||
Net assets | $170,185,871 | $356,532,754 | $437,254,375 | $196,229,243 | $437,552,837 | $81,460,177 | $446,958,839 | $716,490,074 | |||||||
*Investments in securities of unaffiliated issuers, at cost | $163,030,791 | $184,309,029 | $366,762,114 | $180,364,932 | $323,736,147 | $66,004,653 | $355,074,441 | $709,203,889 | |||||||
Shares outstanding, par value, $1 per share | 7,886,256 | 12,473,160 | 9,751,951 | 5,165,883 | 16,687,871 | 2,420,732 | 26,048,392 | 69,547,243 | |||||||
Authorized Fund shares allocated to Portfolio | 13,000,000 | 22,000,000 | 17,000,000 | 8,000,000 | 31,000,000 | 42,000,000 | 170,000,000 | 115,000,000 | |||||||
Net asset value per share | $ 21.58 | $ 28.58 | $ 44.84 | $ 37.99 | $ 26.22 | $ 33.65 | $ 17.16 | $ 10.30 |
Statements of Assets and Liabilities | December 31, 2021 |
ON Janus Henderson U.S. Low Volatility Portfolio | ON iShares Managed Risk Balanced Portfolio | ON AB Relative Value 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* | $984,838,879 | $402,263,173 | $78,799,834 | $111,385,362 | $ 371,878,495 | $ 465,110,493 | $ 89,693,749 | ||||||
Investments in affiliates, at value** | — | — | — | 170,344,345 | 721,037,500 | 1,512,881,875 | 358,662,799 | ||||||
Cash | 5,254 | 623,316 | — | — | — | — | — | ||||||
Cash subject to usage restrictions | — | 3,884,174 | — | — | — | — | — | ||||||
Foreign currencies, at value | — | 5,798,894 | — | — | — | — | — | ||||||
Receivable for securities sold | 1,421,070 | — | — | 1,439,054 | 6,709,784 | 12,391,303 | 1,916,283 | ||||||
Receivable for fund shares sold | 31,763 | 64,662 | — | 21,285 | 22,193 | 7,915 | 1,481 | ||||||
Dividends and accrued interest receivable | 528,844 | 84,437 | 57,894 | — | — | — | — | ||||||
Prepaid expenses and other assets | 11,320 | 4,069 | 1,033 | 3,241 | 12,640 | 22,543 | 5,064 | ||||||
Total assets | 986,837,130 | 412,722,725 | 78,858,761 | 283,193,287 | 1,099,660,612 | 1,990,414,129 | 450,279,376 | ||||||
Liabilities: | |||||||||||||
Payable for securities purchased | — | — | — | 1,444,353 | 6,539,366 | 12,024,471 | 1,838,989 | ||||||
Payable for fund shares redeemed | 2,746,045 | 286,587 | 1,156,399 | 15,986 | 192,611 | 374,747 | 78,775 | ||||||
Payable for investment management services | 484,826 | 201,611 | 38,670 | 95,182 | 378,328 | 663,117 | 149,826 | ||||||
Payable for variation margin on futures contracts | — | 217,791 | — | — | — | — | — | ||||||
Accrued custody expense | 4,821 | 3,876 | 1,415 | 2,741 | 3,007 | 2,867 | 2,635 | ||||||
Accrued professional fees | 10,875 | 8,958 | 5,000 | 8,255 | 8,729 | 9,233 | 8,350 | ||||||
Accrued accounting fees | 18,369 | 4,229 | 1,296 | 3,848 | 3,856 | 3,856 | 3,848 | ||||||
Accrued printing and filing fees | 593 | 562 | — | 570 | 599 | 647 | 564 | ||||||
Other liabilities | 11,502 | 11,196 | 11,875 | 9,294 | 10,053 | 10,768 | 9,414 | ||||||
Total liabilities | 3,277,031 | 734,810 | 1,214,655 | 1,580,229 | 7,136,549 | 13,089,706 | 2,092,401 | ||||||
Net assets | $983,560,099 | $411,987,915 | $77,644,106 | $281,613,058 | $1,092,524,063 | $1,977,324,423 | $448,186,975 | ||||||
Net assets consist of: | |||||||||||||
Paid in capital | 879,790,495 | 402,570,972 | 73,737,311 | 234,284,058 | 846,892,678 | 1,451,708,355 | 312,208,811 | ||||||
Total distributable earnings | 103,769,604 | 9,416,943 | 3,906,795 | 47,329,000 | 245,631,385 | 525,616,068 | 135,978,164 | ||||||
Net assets | $983,560,099 | $411,987,915 | $77,644,106 | $281,613,058 | $1,092,524,063 | $1,977,324,423 | $448,186,975 | ||||||
*Investments in securities of unaffiliated issuers, at cost | $905,291,691 | $396,366,524 | $74,985,630 | $108,256,845 | $ 349,393,392 | $ 421,689,919 | $ 78,478,394 | ||||||
**Investments in affiliates, at cost | $ — | $ — | $ — | $140,112,828 | $ 565,646,407 | $1,168,985,978 | $272,931,216 | ||||||
Foreign currencies, at cost | $ — | $ 5,874,658 | $ — | $ — | $ — | $ — | $ — | ||||||
Shares outstanding, par value, $1 per share | 88,468,357 | 40,282,451 | 7,382,947 | 21,140,699 | 76,835,684 | 129,565,787 | 27,207,531 | ||||||
Authorized Fund shares allocated to Portfolio | 155,000,000 | 133,000,000 | 50,000,000 | 36,000,000 | 120,000,000 | 210,000,000 | 43,000,000 | ||||||
Net asset value per share | $ 11.12 | $ 10.23 | $ 10.52 | $ 13.32 | $ 14.22 | $ 15.26 | $ 16.47 |
Statements of Operations | For the Year Ended December 31, 2021 |
ON Bond Portfolio | ON BlackRock Balanced Allocation Portfolio | ON BlackRock Advantage International Equity Portfolio | ON Janus Henderson Forty Portfolio | ON AB Small Cap Portfolio | ON AB Mid Cap Core Portfolio | ON S&P 500® Index Portfolio | ON BlackRock Advantage Large Cap Value Portfolio | ||||||||
Investment income: | |||||||||||||||
Interest | $ 8,908,901 | $ 4,334,723 | $ 32,000 | $ 314 | $ 230 | $ — | $ 866 | $ — | |||||||
Dividends from unaffiliated issuers, net of taxes withheld* | 2,281 | 5,250,336 | 13,880,440 | 839,320 | 1,454,140 | 1,277,879 | 18,294,395 | 6,763,378 | |||||||
Total investment income | 8,911,182 | 9,585,059 | 13,912,440 | 839,634 | 1,454,370 | 1,277,879 | 18,295,261 | 6,763,378 | |||||||
Expenses: | |||||||||||||||
Management fees | 1,497,954 | 2,632,446 | 3,609,129 | 1,328,465 | 1,324,093 | 813,513 | 4,348,792 | 2,284,779 | |||||||
Custodian fees | 6,806 | 42,944 | 566,571 | 15,227 | 47,876 | 29,834 | 70,103 | 37,050 | |||||||
Directors' fees | 22,570 | 42,824 | 40,218 | 15,520 | 14,140 | 8,567 | 100,473 | 26,401 | |||||||
Professional fees | 25,719 | 30,076 | 33,871 | 24,181 | 24,038 | 22,761 | 43,033 | 27,243 | |||||||
Accounting fees | 53,622 | 101,343 | 145,335 | 27,672 | 33,772 | 26,903 | 159,481 | 50,283 | |||||||
Administration fees | 30,687 | 32,661 | 80,823 | 31,109 | 32,236 | 31,832 | 39,442 | 33,067 | |||||||
Printing and filing fees | 9,915 | 11,971 | 8,376 | 7,374 | 8,857 | 8,956 | 10,477 | 8,156 | |||||||
Compliance expense | 11,068 | 11,068 | 11,068 | 11,068 | 11,068 | 11,068 | 11,068 | 11,068 | |||||||
Other | 7,562 | 17,175 | 53,206 | 6,349 | 6,072 | 3,385 | 39,144 | 11,959 | |||||||
Total expenses | 1,665,903 | 2,922,508 | 4,548,597 | 1,466,965 | 1,502,152 | 956,819 | 4,822,013 | 2,490,006 | |||||||
Net investment income (loss) | 7,245,279 | 6,662,551 | 9,363,843 | (627,331) | (47,782) | 321,060 | 13,473,248 | 4,273,372 | |||||||
Realized/unrealized gain on investments, futures contracts, and foreign currency related transactions: | |||||||||||||||
Net realized gain (loss) on: | |||||||||||||||
Investments in securities of unaffiliated issuers | 1,323,993 | 84,313,337 | 74,214,826 | 60,194,893 | 76,999,531 | 38,312,038 | 125,068,363 | 69,972,989 | |||||||
Futures contracts | — | 2,326,909 | 803,473 | — | — | 27,158 | 2,396,494 | 1,919,238 | |||||||
Foreign currency related transactions | — | — | 4,559 | (5,163) | (455) | (324) | — | 29 | |||||||
Change in unrealized appreciation/depreciation on: | |||||||||||||||
Investments in securities of unaffiliated issuers | (12,997,451) | 1,792,125 | (19,495,062) | (23,114,190) | (62,498,248) | (21,874,958) | 178,201,353 | (2,413,597) | |||||||
Futures contracts | — | (251,460) | 57,857 | — | — | — | (198,015) | (206,453) | |||||||
Foreign currency related transactions | — | (1) | (64,900) | (177) | (604) | (182) | — | (15,785) | |||||||
Net realized/unrealized gain (loss) on investments, futures contracts, and foreign currency related transactions | (11,673,458) | 88,180,910 | 55,520,753 | 37,075,363 | 14,500,224 | 16,463,732 | 305,468,195 | 69,256,421 | |||||||
Change in net assets from operations | $ (4,428,179) | $94,843,461 | $ 64,884,596 | $ 36,448,032 | $ 14,452,442 | $ 16,784,792 | $318,941,443 | $73,529,793 | |||||||
*Taxes withheld | $ — | $ 508 | $ 1,482,095 | $ 10,992 | $ 857 | $ 3,879 | $ 2,368 | $ 784 |
Statements of Operations | For the Year Ended December 31, 2021 |
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 | ON Risk Managed Balanced Portfolio | ON Federated Core Plus Bond Portfolio | ||||||||
Investment income: | |||||||||||||||
Interest | $9,217,202 | $ 473 | $ — | $ 5,368 | $ 460 | $ — | $ 4,156,520 | $ 9,578,011 | |||||||
Dividends from unaffiliated issuers, net of taxes withheld* | 20,593 | 2,582,339 | 5,844,029 | 1,046,506 | 6,159,070 | 710,753 | 2,260,131 | 2,111,682 | |||||||
Total investment income | 9,237,795 | 2,582,812 | 5,844,029 | 1,051,874 | 6,159,530 | 710,753 | 6,416,651 | 11,689,693 | |||||||
Expenses: | |||||||||||||||
Management fees | 1,240,293 | 1,340,508 | 2,766,912 | 1,563,839 | 1,551,475 | 678,022 | 3,939,091 | 2,450,499 | |||||||
Custodian fees | 9,866 | 16,411 | 35,445 | 26,986 | 71,181 | 21,734 | 60,990 | 26,505 | |||||||
Directors' fees | 13,875 | 30,003 | 33,907 | 16,400 | 34,826 | 8,669 | 35,177 | 36,497 | |||||||
Professional fees | 23,877 | 27,300 | 28,193 | 24,401 | 28,314 | 22,718 | 31,230 | 32,411 | |||||||
Accounting fees | 83,088 | 47,633 | 57,404 | 38,495 | 62,656 | 19,407 | 127,018 | 147,870 | |||||||
Administration fees | 30,914 | 32,385 | 35,508 | 31,943 | 32,574 | 29,975 | 30,689 | 29,615 | |||||||
Printing and filing fees | 10,683 | 7,841 | 8,239 | 8,067 | 8,388 | 7,874 | 11,933 | 11,137 | |||||||
Compliance expense | 11,068 | 11,068 | 11,068 | 11,068 | 11,068 | 11,068 | 11,068 | 11,068 | |||||||
Other | 4,658 | 11,819 | 13,284 | 11,759 | 13,351 | 3,534 | 16,258 | 7,614 | |||||||
Total expenses | 1,428,322 | 1,524,968 | 2,989,960 | 1,732,958 | 1,813,833 | 803,001 | 4,263,454 | 2,753,216 | |||||||
Net investment income (loss) | 7,809,473 | 1,057,844 | 2,854,069 | (681,084) | 4,345,697 | (92,248) | 2,153,197 | 8,936,477 | |||||||
Realized/unrealized gain (loss) on investments and futures contracts: | |||||||||||||||
Net realized gain (loss) on: | |||||||||||||||
Investments in securities of unaffiliated issuers | 395,209 | 78,768,357 | 91,077,662 | 51,016,380 | 55,941,530 | 34,413,369 | 54,629,724 | (29,842) | |||||||
Futures contracts | — | 1,171,493 | 2,430,500 | 968,506 | 771,100 | 548,029 | (6,617,604) | (478,700) | |||||||
Change in unrealized appreciation/depreciation on: | |||||||||||||||
Investments in securities of unaffiliated issuers | 215,689 | 10,420,634 | 11,954,784 | (41,357,154) | 34,872,021 | (9,331,808) | 11,847,014 | (10,723,654) | |||||||
Futures contracts | — | (37,014) | (276,502) | (28,757) | 10,483 | (93,939) | 825,588 | (311,976) | |||||||
Net realized/unrealized gain (loss) on investments and futures contracts | 610,898 | 90,323,470 | 105,186,444 | 10,598,975 | 91,595,134 | 25,535,651 | 60,684,722 | (11,544,172) | |||||||
Change in net assets from operations | $8,420,371 | $91,381,314 | $108,040,513 | $ 9,917,891 | $95,940,831 | $25,443,403 | $62,837,919 | $ (2,607,695) | |||||||
*Taxes withheld | $ — | $ 3,759 | $ 533 | $ 2,034 | $ — | $ 49 | $ 8,764 | $ — |
Statements of Operations | For the Year Ended December 31, 2021 |
ON Janus Henderson U.S. Low Volatility Portfolio1 | ON iShares Managed Risk Balanced Portfolio1 | ON AB Relative Value Portfolio2 | ON Moderately Conservative Model Portfolio | ON Balanced Model Portfolio | ON Moderate Growth Model Portfolio | ON Growth Model Portfolio | |||||||
Investment income: | |||||||||||||
Dividend income from unaffiliated issuers | $ 7,542,468 | $3,928,932 | $ 93,433 | $ 2,493,563 | $ 7,886,352 | $ 10,404,459 | $ 1,977,217 | ||||||
Dividends from affililiates | — | — | — | 2,556,623 | 9,611,308 | 17,480,299 | 3,738,374 | ||||||
Total investment income | 7,542,468 | 3,928,932 | 93,433 | 5,050,186 | 17,497,660 | 27,884,758 | 5,715,591 | ||||||
Expenses: | |||||||||||||
Management fees | 2,935,304 | 1,234,479 | 38,670 | 1,175,021 | 4,489,849 | 7,984,978 | 1,805,950 | ||||||
Custodian fees | 14,647 | 12,623 | 1,415 | 16,597 | 17,493 | 16,538 | 14,655 | ||||||
Directors' fees | 35,259 | 15,358 | — | 23,458 | 89,106 | 157,638 | 35,592 | ||||||
Professional fees | 26,354 | 20,236 | 16,522 | 24,922 | 39,474 | 55,272 | 27,248 | ||||||
Accounting fees | 56,501 | 12,739 | 1,296 | 22,255 | 23,390 | 23,390 | 23,310 | ||||||
Administration fees | 19,211 | 17,903 | 11,070 | 35,296 | 39,831 | 44,562 | 35,708 | ||||||
Printing and filing fees | 5,566 | 4,794 | 1,231 | 8,984 | 9,513 | 11,522 | 7,950 | ||||||
Compliance expense | 5,418 | 5,418 | 805 | 11,068 | 11,068 | 11,068 | 11,068 | ||||||
Recoupment of previously reimbursed expenses | — | — | — | 6,011 | 92,193 | 34,233 | 218,062 | ||||||
Other | 6,604 | 6,376 | — | 7,836 | 29,311 | 50,946 | 11,200 | ||||||
Total expenses | 3,104,864 | 1,329,926 | 71,009 | 1,331,448 | 4,841,228 | 8,390,147 | 2,190,743 | ||||||
Less expenses reduced or reimbursed by advisor | — | — | — | (64,732) | (137,994) | — | — | ||||||
Net expenses | 3,104,864 | 1,329,926 | 71,009 | 1,266,716 | 4,703,234 | 8,390,147 | 2,190,743 | ||||||
Net investment income | 4,437,604 | 2,599,006 | 22,424 | 3,783,470 | 12,794,426 | 19,494,611 | 3,524,848 | ||||||
Realized/unrealized gain on investments, futures contracts, foreign currency related transactions, and capital gain distributions received from underlying mutual funds: | |||||||||||||
Net realized gain (loss) on: | |||||||||||||
Investments in securities of unaffiliated issuers | 19,784,812 | 743,304 | 70,167 | 2,108,566 | 5,559,482 | 10,066,745 | 2,662,021 | ||||||
Investments in affiliates | — | — | — | 11,202,692 | 59,037,042 | 134,910,960 | 36,682,136 | ||||||
Futures contracts | — | (1,446) | — | — | — | — | — | ||||||
Foreign currency related transactions | — | (90,202) | — | — | — | — | — | ||||||
Capital gain distributions received from underlying unaffiliated mutual funds | — | 16,578 | — | 712,662 | 5,884,794 | 12,490,331 | 3,336,137 | ||||||
Capital gain distributions received from underlying affiliated mutual funds | — | — | — | 4,896,081 | 26,602,853 | 73,103,636 | 21,721,835 | ||||||
Change in unrealized appreciation/depreciation on: | |||||||||||||
Investments in securities of unaffiliated issuers | 79,547,188 | 5,896,649 | 3,814,204 | (5,265,810) | (14,872,265) | (17,269,251) | (3,342,173) | ||||||
Investments in affiliates | — | — | — | 4,759,751 | 22,209,281 | 43,628,563 | 8,211,312 | ||||||
Futures contracts | — | 328,819 | — | — | — | — | — | ||||||
Foreign currency related transactions | — | (75,765) | — | — | — | — | — | ||||||
Net realized/unrealized gain on investments, futures contracts, foreign currency related transactions, and capital gain distributions received from underlying mutual funds | 99,332,000 | 6,817,937 | 3,884,371 | 18,413,942 | 104,421,187 | 256,930,984 | 69,271,268 | ||||||
Change in net assets from operations | $103,769,604 | $9,416,943 | $3,906,795 | $22,197,412 | $117,215,613 | $276,425,595 | $72,796,116 |
1 | For the period from June 25, 2021 (inception) to December 31, 2021 . |
2 | For the period from December 2, 2021 (inception) to December 31, 2021 . |
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, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | ||||||||
Increase (Decrease) in net assets: | |||||||||||||||
Operations: | |||||||||||||||
Net investment income (loss) | $ 7,245,279 | $ 7,643,059 | $ 6,662,551 | $ 8,003,896 | $ 9,363,843 | $ 6,290,888 | $ (627,331) | $ (458,258) | |||||||
Net realized gain (loss) on investments, futures contracts, and foreign currency related transactions | 1,323,993 | 1,088,784 | 86,640,246 | 41,192,682 | 75,022,858 | (3,041,516) | 60,189,730 | 22,565,835 | |||||||
Change in unrealized appreciation/depreciation on investments, futures contracts, and foreign currency related transactions | (12,997,451) | 16,136,193 | 1,540,664 | 25,891,058 | (19,502,105) | 33,927,185 | (23,114,367) | 39,196,159 | |||||||
Change in net assets from operations | (4,428,179) | 24,868,036 | 94,843,461 | 75,087,636 | 64,884,596 | 37,176,557 | 36,448,032 | 61,303,736 | |||||||
Distributions: | |||||||||||||||
Distributions to shareholders | (8,269,842) | (1,955,669) | (51,715,211) | (3,456,539) | (6,864,821) | (2,738,370) | (22,460,454) | (4,403,993) | |||||||
Capital transactions: | |||||||||||||||
Received from shares sold | 32,994,619 | 60,133,879 | 29,168,030 | 48,633,016 | 26,665,740 | 39,904,840 | 8,289,653 | 11,932,642 | |||||||
Received from shares issued in reorganizations | — | — | — | — | — | 39,436,084 | — | — | |||||||
Received from dividends reinvested | 8,269,842 | 1,955,669 | 51,715,211 | 3,456,539 | 6,864,821 | 2,738,370 | 22,460,454 | 4,403,993 | |||||||
Paid for shares redeemed | (46,195,857) | (80,405,191) | (105,891,073) | (135,249,225) | (88,499,287) | (86,338,732) | (106,202,973) | (66,548,074) | |||||||
Change in net assets from capital transactions | (4,931,396) | (18,315,643) | (25,007,832) | (83,159,670) | (54,968,726) | (4,259,438) | (75,452,866) | (50,211,439) | |||||||
Change in net assets | (17,629,417) | 4,596,724 | 18,120,418 | (11,528,573) | 3,051,049 | 30,178,749 | (61,465,288) | 6,688,304 | |||||||
Net assets: | |||||||||||||||
Beginning 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 | |||||||
End of year | $277,432,176 | $295,061,593 | $ 551,810,065 | $ 533,689,647 | $507,467,236 | $504,416,187 | $ 142,172,869 | $203,638,157 |
ON AB Small Cap Portfolio | ON AB Mid Cap Core 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, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | ||||||||
Increase (Decrease) in net assets: | |||||||||||||||
Operations: | |||||||||||||||
Net investment income (loss) | $ (47,782) | $ (770,353) | $ 321,060 | $ (120,181) | $ 13,473,248 | $ 16,822,955 | $ 4,273,372 | $ 4,947,760 | |||||||
Net realized gain (loss) on investments, futures contracts, and foreign currency related transactions | 76,999,076 | 19,972,855 | 38,338,872 | 6,171,111 | 127,464,857 | 69,188,819 | 71,892,256 | (13,076,657) | |||||||
Change in unrealized appreciation/depreciation on investments, futures contracts, and foreign currency related transactions | (62,498,852) | 32,201,515 | (21,875,140) | 12,175,034 | 178,003,338 | 105,946,641 | (2,635,835) | 20,977,953 | |||||||
Change in net assets from operations | 14,452,442 | 51,404,017 | 16,784,792 | 18,225,964 | 318,941,443 | 191,958,415 | 73,529,793 | 12,849,056 | |||||||
Distributions: | |||||||||||||||
Distributions to shareholders | (19,402,876) | (3,319,361) | (6,373,298) | (1,446,892) | (89,305,542) | (16,545,732) | (4,834,870) | (4,616,269) | |||||||
Capital transactions: | |||||||||||||||
Received from shares sold | 12,452,142 | 26,259,176 | 2,999,897 | 7,735,887 | 100,967,405 | 87,145,272 | 69,417,380 | 28,451,695 | |||||||
Received from dividends reinvested | 19,402,876 | 3,319,361 | 6,373,298 | 1,446,892 | 89,305,542 | 16,545,732 | 4,834,870 | 4,616,269 | |||||||
Paid for shares redeemed | (40,059,599) | (65,886,679) | (24,326,313) | (26,741,822) | (323,659,964) | (252,910,129) | (133,570,359) | (45,453,705) | |||||||
Change in net assets from capital transactions | (8,204,581) | (36,308,142) | (14,953,118) | (17,559,043) | (133,387,017) | (149,219,125) | (59,318,109) | (12,385,741) | |||||||
Change in net assets | (13,155,015) | 11,776,514 | (4,541,624) | (779,971) | 96,248,884 | 26,193,558 | 9,376,814 | (4,152,954) | |||||||
Net assets: | |||||||||||||||
Beginning 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 | |||||||
End of year | $169,296,358 | $182,451,373 | $104,651,474 | $109,193,098 | $1,325,033,816 | $1,228,784,932 | $ 325,904,921 | $316,528,107 |
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, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | ||||||||
Increase (Decrease) in net assets: | |||||||||||||||
Operations: | |||||||||||||||
Net investment income (loss) | $ 7,809,473 | $ 8,702,265 | $ 1,057,844 | $ 1,718,327 | $ 2,854,069 | $ 4,080,468 | $ (681,084) | $ (323,087) | |||||||
Net realized gain (loss) on investments and futures contracts | 395,209 | (2,319,010) | 79,939,850 | 69,212,424 | 93,508,162 | 37,137,038 | 51,984,886 | 25,652,045 | |||||||
Change in unrealized appreciation/depreciation on investments and futures contracts | 215,689 | 2,340,340 | 10,383,620 | 70,395,037 | 11,678,282 | 22,049,754 | (41,385,911) | 34,122,797 | |||||||
Change in net assets from operations | 8,420,371 | 8,723,595 | 91,381,314 | 141,325,788 | 108,040,513 | 63,267,260 | 9,917,891 | 59,451,755 | |||||||
Distributions: | |||||||||||||||
Distributions to shareholders | (8,796,067) | (2,647,672) | (70,926,683) | (17,027,006) | (41,514,387) | (742,987) | (24,631,925) | (2,304,466) | |||||||
Capital transactions: | |||||||||||||||
Received from shares sold | 12,534,773 | 16,805,407 | 44,655,215 | 53,369,383 | 13,853,155 | 13,469,658 | 21,802,409 | 14,648,310 | |||||||
Received from dividends reinvested | 8,796,067 | 2,647,672 | 70,926,683 | 17,027,006 | 41,514,387 | 742,987 | 24,631,925 | 2,304,466 | |||||||
Paid for shares redeemed | (26,379,122) | (48,571,296) | (162,516,446) | (164,668,793) | (103,093,056) | (88,853,122) | (45,272,916) | (69,166,327) | |||||||
Change in net assets from capital transactions | (5,048,282) | (29,118,217) | (46,934,548) | (94,272,404) | (47,725,514) | (74,640,477) | 1,161,418 | (52,213,551) | |||||||
Change in net assets | (5,423,978) | (23,042,294) | (26,479,917) | 30,026,378 | 18,800,612 | (12,116,204) | (13,552,616) | 4,933,738 | |||||||
Net assets: | |||||||||||||||
Beginning 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 | |||||||
End of year | $170,185,871 | $175,609,849 | $ 356,532,754 | $ 383,012,671 | $ 437,254,375 | $418,453,763 | $196,229,243 | $209,781,859 |
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 | Year Ended | Period from May 1, 2020 (inception) to | ||||||||
December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | ||||||||
Increase (Decrease) in net assets: | |||||||||||||||
Operations: | |||||||||||||||
Net investment income (loss) | $ 4,345,697 | $ 5,201,608 | $ (92,248) | $ 221,041 | $ 2,153,197 | $ 3,075,686 | $ 8,936,477 | $ 2,422,945 | |||||||
Net realized gain (loss) on investments, futures contracts, and foreign currency related transactions | 56,712,630 | (5,139,972) | 34,961,398 | 21,546,043 | 48,012,120 | 60,426,073 | (508,542) | (51,642) | |||||||
Change in unrealized appreciation/depreciation on investments and futures contracts | 34,882,504 | 52,421,868 | (9,425,747) | 9,631,527 | 12,672,602 | 17,484,277 | (11,035,630) | 7,546,728 | |||||||
Change in net assets from operations | 95,940,831 | 52,483,504 | 25,443,403 | 31,398,611 | 62,837,919 | 80,986,036 | (2,607,695) | 9,918,031 | |||||||
Distributions: | |||||||||||||||
Distributions to shareholders | (11,549,364) | (2,070,321) | (21,732,994) | (1,579,491) | (68,983,730) | (10,638,087) | (2,534,969) | — | |||||||
Capital transactions: | |||||||||||||||
Received from shares sold | 29,235,131 | 51,504,179 | 2,965,665 | 5,714,920 | 38,341,268 | 57,289,980 | 544,419,024 | 238,621,576 | |||||||
Received from dividends reinvested | 11,549,364 | 2,070,321 | 21,732,994 | 1,579,491 | 68,983,730 | 10,638,087 | 2,534,969 | — | |||||||
Paid for shares redeemed | (115,866,274) | (126,683,792) | (63,791,521) | (33,463,060) | (98,038,236) | (98,065,105) | (65,192,656) | (8,668,206) | |||||||
Change in net assets from capital transactions | (75,081,779) | (73,109,292) | (39,092,862) | (26,168,649) | 9,286,762 | (30,137,038) | 481,761,337 | 229,953,370 | |||||||
Change in net assets | 9,309,688 | (22,696,109) | (35,382,453) | 3,650,471 | 3,140,951 | 40,210,911 | 476,618,673 | 239,871,401 | |||||||
Net assets: | |||||||||||||||
Beginning of year | 428,243,149 | 450,939,258 | 116,842,630 | 113,192,159 | 443,817,888 | 403,606,977 | 239,871,401 | — | |||||||
End of year | $ 437,552,837 | $ 428,243,149 | $ 81,460,177 | $116,842,630 | $446,958,839 | $443,817,888 | $716,490,074 | $239,871,401 |
ON Janus Henderson U.S. Low Volatility Portfolio | ON iShares Managed Risk Balanced Portfolio | ON AB Relative Value Portfolio | ON Moderately Conservative Model Portfolio | ||||||
Period from June 25, 2021 (inception) to | Period from June 25, 2021 (inception) to | Period from December 2, 2021 (inception) to | Year Ended | Year Ended | |||||
December 31, 2021 | December 31, 2021 | December 31, 2021 | December 31, 2021 | December 31, 2020 | |||||
Increase (Decrease) in net assets: | |||||||||
Operations: | |||||||||
Net investment income | $ 4,437,604 | $ 2,599,006 | $ 22,424 | $ 3,783,470 | $ 2,130,733 | ||||
Net realized gain on investments, futures contracts, foreign currency related transactions, and capital gain distributions received from underlying mutual funds | 19,784,812 | 668,234 | 70,167 | 18,920,001 | 6,951,893 | ||||
Change in unrealized appreciation/depreciation on investments, futures contracts, and foreign currency related transactions | 79,547,188 | 6,149,703 | 3,814,204 | (506,059) | 15,239,533 | ||||
Change in net assets from operations | 103,769,604 | 9,416,943 | 3,906,795 | 22,197,412 | 24,322,159 | ||||
Distributions: | |||||||||
Distributions to shareholders | — | — | — | (7,363,545) | — | ||||
Capital transactions: | |||||||||
Received from shares sold | 9,586,656 | 437,083,431 | 76,337,586 | 15,673,436 | 13,528,216 | ||||
Received from shares issued in reorganizations | — | — | — | — | 79,451,302 | ||||
Received from in-kind transfer (see Note 3 of Notes to Financial Statements) | 983,714,079 | — | — | — | — | ||||
Received from dividends reinvested | — | — | — | 7,363,545 | — | ||||
Paid for shares redeemed | (113,510,240) | (34,512,459) | (2,600,275) | (59,739,637) | (37,043,498) | ||||
Change in net assets from capital transactions | 879,790,495 | 402,570,972 | 73,737,311 | (36,702,656) | 55,936,020 | ||||
Change in net assets | 983,560,099 | 411,987,915 | 77,644,106 | (21,868,789) | 80,258,179 | ||||
Net assets: | |||||||||
Beginning of period | — | — | — | 303,481,847 | 223,223,668 | ||||
End of period | $ 983,560,099 | $411,987,915 | $77,644,106 | $281,613,058 | $303,481,847 |
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 | ||||||
December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | ||||||
Increase (Decrease) in net assets: | |||||||||||
Operations: | |||||||||||
Net investment income | $ 12,794,426 | $ 7,000,354 | $ 19,494,611 | $ 6,311,329 | $ 3,524,848 | $ 651,228 | |||||
Net realized gain on investments and capital gain distributions received from underlying mutual funds | 97,084,171 | 27,145,863 | 230,571,672 | 43,533,935 | 64,402,129 | 11,114,798 | |||||
Change in unrealized appreciation on investments | 7,337,016 | 102,587,548 | 26,359,312 | 215,977,554 | 4,869,139 | 58,111,743 | |||||
Change in net assets from operations | 117,215,613 | 136,733,765 | 276,425,595 | 265,822,818 | 72,796,116 | 69,877,769 | |||||
Distributions: | |||||||||||
Distributions to shareholders | (21,389,350) | — | (24,866,116) | — | (5,099,763) | — | |||||
Capital transactions: | |||||||||||
Received from shares sold | 22,314,492 | 41,303,093 | 27,130,316 | 21,843,156 | 5,488,152 | 6,891,742 | |||||
Received from dividends reinvested | 21,389,350 | — | 24,866,116 | — | 5,099,763 | — | |||||
Paid for shares redeemed | (174,831,433) | (159,709,700) | (313,641,966) | (261,640,579) | (73,160,937) | (67,341,557) | |||||
Change in net assets from capital transactions | (131,127,591) | (118,406,607) | (261,645,534) | (239,797,423) | (62,573,022) | (60,449,815) | |||||
Change in net assets | (35,301,328) | 18,327,158 | (10,086,055) | 26,025,395 | 5,123,331 | 9,427,954 | |||||
Net assets: | |||||||||||
Beginning of year | 1,127,825,391 | 1,109,498,233 | 1,987,410,478 | 1,961,385,083 | 443,063,644 | 433,635,690 | |||||
End of year | $1,092,524,063 | $1,127,825,391 | $1,977,324,423 | $1,987,410,478 | $448,186,975 | $443,063,644 |
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, 2021 | $20.79 | 0.54 | (0.85) | (0.31) | (0.60) | $19.88 | (1.52)% | 0.59% | 2.56% | 0.59% | $277.4 | 13% | |
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% | |
ON BlackRock Balanced Allocation Portfolio | |||||||||||||
Year Ended December 31, 2021 | $39.40 | 0.58 | 6.66 | 7.24 | (4.21) | $42.43 | 19.06% | 0.54% | 1.22% | 0.54% | $551.8 | 105% | |
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% | |
ON BlackRock Advantage International Equity Portfolio | |||||||||||||
Year Ended December 31, 2021 | $16.47 | 0.36 | 1.86 | 2.22 | (0.25) | $18.44 | 13.49% | 0.89% | 1.84% | 0.89% | $507.5 | 196% | |
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) | |
ON Janus Henderson Forty Portfolio | |||||||||||||
Year Ended December 31, 2021 | $35.13 | (0.17) | 7.07 | 6.90 | (5.60) | $36.43 | 19.70% | 0.78% | (0.33)% | 0.78% | $142.2 | 31% | |
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% | |
(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. 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. |
(b) | Effective December 7, 2019, the sub-adviser to the 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) | The absolute value of per share or ratio data is less than $0.005 per share, or 0.005%, respectively. |
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 AB Small Cap Portfolio | |||||||||||||
Year Ended December 31, 2021 | $44.52 | (0.01) | 3.43 | 3.42 | (5.31) | $42.63 | 8.17% | 0.85% | (0.03)% | 0.85% | $ 169.3 | 136% (a) | |
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% | |
ON AB Mid Cap Core Portfolio | |||||||||||||
Year Ended December 31, 2021 | $56.98 | 0.18 | 9.18 | 9.36 | (3.89) | $62.45 | 16.79% | 0.89% | 0.30% | 0.89% | $ 104.7 | 125% (a) | |
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% (b) | |
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% | |
ON S&P 500® Index Portfolio | |||||||||||||
Year Ended December 31, 2021 | $38.72 | 0.54 | 10.09 | 10.63 | (3.15) | $46.20 | 28.25% | 0.37% | 1.05% | 0.37% | $1,325.0 | 5% | |
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% | |
ON BlackRock Advantage Large Cap Value Portfolio | |||||||||||||
Year Ended December 31, 2021 | $19.13 | 0.31 | 4.52 | 4.83 | (0.29) | $23.67 | 25.39% | 0.73% | 1.25% | 0.73% | $ 325.9 | 153% | |
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% (c) | |
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% | |
(a) | Effective May 1, 2021, the sub-adviser to the ON AB Small Cap Portfolio and ON AB Mid Cap Core Portfolio changed from Janus Capital Management 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, 2021 as compared to prior years. |
(b) | 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. |
(c) | 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, 2021 | $21.65 | 1.05 | 0.02 | 1.07 | (1.14) | $21.58 | 4.97% | 0.82% | 4.50% | 0.82% | $170.2 | 36% | |
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% | |
ON Nasdaq-100® Index Portfolio | |||||||||||||
Year Ended December 31, 2021 | $28.08 | 0.12 | 6.89 | 7.01 | (6.51) | $28.58 | 26.99% | 0.41% | 0.28% | 0.41% | $356.5 | 7% | |
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% | |
ON BlackRock Advantage Large Cap Core Portfolio | |||||||||||||
Year Ended December 31, 2021 | $38.66 | 0.35 | 10.24 | 10.59 | (4.41) | $44.84 | 28.49% | 0.69% | 0.66% | 0.69% | $437.3 | 135% | |
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% | |
ON BlackRock Advantage Small Cap Growth Portfolio | |||||||||||||
Year Ended December 31, 2021 | $41.69 | (0.13) | 1.88 | 1.75 | (5.45) | $37.99 | 4.05% | 0.85% | (0.33)% | 0.85% | $196.2 | 87% | |
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% | |
(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 (loss) | Expenses | Net assets, end of year (millions) | Portfolio turnover rate | ||
ON S&P MidCap 400® Index Portfolio | |||||||||||||
Year Ended December 31, 2021 | $21.70 | 0.29 | 4.90 | 5.19 | (0.67) | $26.22 | 24.18% | 0.41% | 0.99% | 0.41% | $437.6 | 21% | |
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% | |
ON BlackRock Advantage Large Cap Growth Portfolio | |||||||||||||
Year Ended December 31, 2021 | $36.36 | 0.01 | 8.69 | 8.70 | (11.41) | $33.65 | 26.69% | 0.78% | (0.09)% | 0.78% | $ 81.5 | 138% | |
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% | |
ON Risk Managed Balanced Portfolio | |||||||||||||
Year Ended December 31, 2021 | $17.63 | 0.09 | 2.43 | 2.52 | (2.99) | $17.16 | 15.04% | 0.95% | 0.48% | 0.95% | $447.0 | 51% | |
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% (a), (b) | |
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% (b) | |
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% (b) | |
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% (b) | |
ON Federated Core Plus Bond Portfolio | |||||||||||||
Year Ended December 31, 2021 | $10.47 | 0.06 | (0.19) | (0.13) | (0.04) | $10.30 | (1.27)% | 0.57% | 1.85% | 0.57% | $716.5 | 40% | |
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 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. |
(b) | The portfolio turnover calculation in previous years 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 Janus Henderson U.S. Low Volatility Portfolio | |||||||||||||||
Period from June 25, 2021 (inception) to December 31, 2021 | $10.00 | 0.05 | 1.07 | 1.12 | — | — | — | $11.12 | 11.20% * | 0.62% ** | 0.89% ** | 0.62% ** | $983.6 | 32% * | |
ON iShares Managed Risk Balanced Portfolio | |||||||||||||||
Period from June 25, 2021 (inception) to December 31, 2021 | $10.00 | 0.06 | 0.17 | 0.23 | — | — | — | $10.23 | 2.30% * | 0.62% **, † | 1.22% **, † | 0.62% **, † | $412.0 | 15% * | |
ON AB Relative Value Portfolio | |||||||||||||||
Period from December 2, 2021 (inception) to December 31, 2021 | $10.00 | — (a) | 0.52 | 0.52 | — | — | — | $10.52 | 5.20% * | 1.19% ** | 0.38% ** | 1.19% ** | $ 77.6 | 5% * | |
ON Moderately Conservative Model Portfolio | |||||||||||||||
Year Ended December 31, 2021 | $12.67 | 0.20 | 0.79 | 0.99 | (0.34) | — | (0.34) | $13.32 | 7.90% | 0.43% † | 1.29% † | 0.45% † | $281.6 | 13% | |
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% (b) | |
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% * | |
* | Not annualized |
** | Annualized |
† | The ratios presented only reflect the direct income and expenses for the Portfolio, and do not include the indirect expenses related to the underlying funds in which the Portfolio invests. |
(a) | The absolute value of per share or ratio data is less than $0.005 per share, or 0.005%, respectively. |
(b) | 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. If such amounts had not been excluded, the portfolio turnover rate would have been 28%. |
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 Balanced Model Portfolio | |||||||||||||||
Year Ended December 31, 2021 | $13.06 | 0.18 | 1.25 | 1.43 | (0.27) | — | (0.27) | $14.22 | 11.03% | 0.42% | 1.14% | 0.43% | $1,092.5 | 12% | |
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, 2021 | $13.46 | 0.16 | 1.83 | 1.99 | (0.19) | — | (0.19) | $15.26 | 14.83% | 0.42% | 0.98% | 0.42% | $1,977.3 | 15% | |
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, 2021 | $14.17 | 0.13 | 2.35 | 2.48 | (0.18) | — | (0.18) | $16.47 | 17.58% | 0.49% | 0.78% | 0.49% | $ 448.2 | 18% | |
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 |
Notes to Financial Statements | December 31, 2021 |
■ | 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 – 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 AB Small Cap Portfolio (formerly the ON Janus Henderson Venture Portfolio) – Long-term growth of capital by investing, under normal circumstances, at least 80% of its net assets in equity securities of smaller capitalization companies with market capitalizations at the time of investment that fall within the lowest 20% of the total U.S. equity market capitalization (excluding companies with market capitalizations of less than $10 million). |
■ | ON AB Mid Cap Core Portfolio (formerly the ON Janus Henderson Enterprise Portfolio) – Long-term growth of capital by investing, under normal circumstances, at least 80% of its net assets in equity securities of mid-capitalization companies with public stock market capitalization at the time of investment that are within the range of market capitalizations of the companies constituting the Russell Midcap® Index. |
■ | 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 common stock and other securities of companies that are 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 small capitalization 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 common stock and other 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 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® Growth Index for the previous twelve months. |
Notes to Financial Statements (Continued) | December 31, 2021 |
■ | 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. |
■ | ON Federated Core Plus Bond Portfolio - Total return by investing, under normal circumstances, 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 Janus Henderson U.S. Low Volatility Portfolio - Capital appreciation by investing, under normal circumstances, at least 80% of its net assets in U.S. common stocks of companies included in the S& P 500® Index. Those stocks are selected by a mathematical investment process which seeks to achieve returns similar to those of the S&P 500® Index over the long-term with lower absolute volatility. |
■ | ON iShares Managed Risk Balanced Portfolio - Income and capital appreciation by investing in underlying exchange traded funds ("ETFs") and futures. Under normal market conditions, through investments in the underlying funds and derivatives, the Portfolio invests a minimum of 25% of its assets in equity investments and a minimum of 25% of its assets in fixed income investments. |
■ | ON AB Relative Value Portfolio - Long-term growth of capital by investing primarily in the equity securities of U.S. companies that the Portfolio's sub-adviser believes are trading at attractive valuations and that have strong or improving business models. |
■ | 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". |
Notes to Financial Statements (Continued) | December 31, 2021 |
Portfolio | Authorized Shares | Portfolio | Authorized Shares | |||
ON Bond | 22,000,000 | ON BlackRock Advantage Large Cap Growth | 42,000,000 | |||
ON BlackRock Balanced Allocation | 22,000,000 | ON Risk Managed Balanced | 170,000,000 | |||
ON BlackRock Advantage International Equity | 50,000,000 | ON Federated Core Plus Bond | 115,000,000 | |||
ON Janus Henderson Forty | 9,000,000 | ON Janus Henderson U.S. Low Volatility | 155,000,000 | |||
ON AB Small Cap | 7,000,000 | ON iShares Managed Risk Balanced | 133,000,000 | |||
ON AB Mid Cap Core | 4,000,000 | ON iShares Managed Risk Moderate Growth** | 105,000,000 | |||
ON S&P 500® Index | 50,000,000 | ON iShares Managed Risk Growth** | 90,000,000 | |||
ON BlackRock Advantage Large Cap Value | 26,000,000 | ON AB Relative Value | 50,000,000 | |||
ON Federated High Income Bond | 13,000,000 | ON Moderately Conservative Model | 36,000,000 | |||
ON Nasdaq-100® Index | 22,000,000 | ON Balanced Model | 120,000,000 | |||
ON BlackRock Advantage Large Cap Core | 17,000,000 | ON Moderate Growth Model | 210,000,000 | |||
ON BlackRock Advantage Small Cap Growth | 8,000,000 | ON Growth Model | 43,000,000 | |||
ON S&P MidCap 400® Index | 31,000,000 |
** | These Portfolios and their respective authorized shares have been approved, but are not yet in operation. |
Notes to Financial Statements (Continued) | December 31, 2021 |
Notes to Financial Statements (Continued) | December 31, 2021 |
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*** | $ — | $259,262,765 | $ — | ||||
Asset-Backed Securities*** | — | 7,105,039 | — | |||||
U.S. Treasury Obligations | — | 1,012,656 | — | |||||
Money Market Funds | 3,617,361 | — | — | |||||
$ 3,617,361 | $267,380,460 | $ — | ||||||
ON BlackRock Balanced Allocation | Common Stocks*** | $ 395,987,337 | $ — | $ — | ||||
Corporate Bonds*** | — | 145,495,281 | — | |||||
Asset-Backed Securities*** | — | 2,929,630 | — | |||||
Money Market Funds | 6,974,552 | — | — | |||||
$ 402,961,889 | $148,424,911 | $ — | ||||||
Long Futures Contracts | $ 64,825 | $ — | $ — | |||||
ON BlackRock Advantage International Equity | Common Stocks*** | $ 136 | $493,954,862 | $ — | ||||
Preferred Securities*** | — | 3,450,608 | — | |||||
Money Market Funds | 6,715,850 | — | — | |||||
$ 6,715,986 | $497,405,470 | $ — | ||||||
Long Futures Contracts | $ 120,450 | $ — | $ — | |||||
ON Janus Henderson Forty | Common Stocks*** | $ 136,087,823 | $ 2,407,401 | $ — | ||||
Warrants*** | 23,197 | — | — | |||||
Money Market Funds | 3,263,296 | — | — | |||||
$ 139,374,316 | $ 2,407,401 | $ — | ||||||
ON AB Small Cap | Common Stocks*** | $ 168,341,688 | $ — | $ — | ||||
Money Market Funds | 487,630 | — | — | |||||
$ 168,829,318 | $ — | $ — | ||||||
ON AB Mid Cap Core | Common Stocks*** | $ 104,377,643 | $ — | $ — | ||||
Money Market Funds | 667,028 | — | — | |||||
$ 105,044,671 | $ — | $ — | ||||||
ON S&P 500® Index | Common Stocks*** | $1,320,777,784 | $ — | $ — | ||||
Long Futures Contracts | $ (71,565) | $ — | $ — | |||||
ON BlackRock Advantage Large Cap Value | Common Stocks*** | $ 324,798,785 | $ — | $ — | ||||
Money Market Funds | 4,017,532 | — | — | |||||
$ 328,816,317 | $ — | $ — | ||||||
Long Futures Contracts | $ 55,971 | $ — | $ — |
Notes to Financial Statements (Continued) | December 31, 2021 |
Portfolio | Financial Instrument Type | Level 1 | Level 2 | Level 3 | ||||
ON Federated High Income Bond | Corporate Bonds*** | $ — | $162,630,706 | $ — | ||||
Common Stocks*** | 279,987 | — | — | |||||
Warrants*** | 56,543 | — | — | |||||
Money Market Funds | 3,266,678 | — | — | |||||
$ 3,603,208 | $162,630,706 | $ — | ||||||
ON Nasdaq-100® Index | Common Stocks*** | $ 354,524,662 | $ — | $ — | ||||
Money Market Funds | 2,178,177 | — | — | |||||
$ 356,702,839 | $ — | $ — | ||||||
Long Futures Contracts | $ (26,935) | $ — | $ — | |||||
ON BlackRock Advantage Large Cap Core | Common Stocks*** | $ 436,523,045 | $ — | $ — | ||||
Money Market Funds | 5,951,994 | — | — | |||||
$ 442,475,039 | $ — | $ — | ||||||
Long Futures Contracts | $ 76,929 | $ — | $ — | |||||
ON BlackRock Advantage Small Cap Growth | Common Stocks*** | $ 191,723,558 | $ — | $ — | ||||
Rights*** | — | 17,825 | — | |||||
Money Market Funds | 2,843,703 | — | — | |||||
$ 194,567,261 | $ 17,825 | $ — | ||||||
Long Futures Contracts | $ 53,952 | $ — | $ — | |||||
ON S&P MidCap 400® Index | Common Stocks*** | $ 438,308,456 | $ — | $ — | ||||
Money Market Funds | 3,592,019 | — | — | |||||
$ 441,900,475 | $ — | $ — | ||||||
Long Futures Contracts | $ 37,935 | $ — | $ — | |||||
ON BlackRock Advantage Large Cap Growth | Common Stocks*** | $ 80,445,379 | $ — | $ — | ||||
Money Market Funds | 1,157,734 | — | — | |||||
$ 81,603,113 | $ — | $ — | ||||||
Long Futures Contracts | $ 9,516 | $ — | $ — | |||||
ON Risk Managed Balanced | Common Stocks*** | $ 220,226,868 | $ — | $ — | ||||
Corporate Bonds*** | — | 62,128,384 | — | |||||
U.S. Treasury Obligations | — | 43,474,551 | — | |||||
Purchased Options | 9,543,363 | 25,631,800 | — | |||||
Asset-Backed / Mortgage-Backed Securities*** | — | 34,751,287 | — | |||||
Exchange Traded Funds | 12,765,025 | — | — | |||||
U.S. Government Agency Mortgage-Backed Securities | — | 8,290,258 | — | |||||
Preferred Securities*** | — | 3,510,251 | — | |||||
Sovereign Issues | — | 2,974,195 | — | |||||
Taxable Municipal Bonds | — | 706,299 | — | |||||
Money Market Funds | 24,070,698 | — | — | |||||
$ 266,605,954 | $181,467,025 | $ — | ||||||
Long Futures Contracts | $ 1,497,734 | $ — | $ — | |||||
Short Futures Contracts | $ (41,746) | $ — | $ — |
Notes to Financial Statements (Continued) | December 31, 2021 |
Portfolio | Financial Instrument Type | Level 1 | Level 2 | Level 3 | ||||
ON Federated Core Plus Bond | Corporate Bonds*** | $ — | $287,764,194 | $ — | ||||
U.S. Treasury Obligations | — | 175,279,381 | — | |||||
U.S. Government Agency Mortgage-Backed Securities | — | 145,028,091 | — | |||||
Investment Companies | 64,165,577 | — | — | |||||
Asset-Backed / Mortgage-Backed Securities*** | — | 12,839,553 | — | |||||
Sovereign Issues | — | 4,767,684 | — | |||||
U.S. Government Agency Issues | — | 964,577 | — | |||||
Money Market Funds | 15,177,708 | — | — | |||||
$ 79,343,285 | $626,643,480 | $ — | ||||||
Long Futures Contracts | $ 134,119 | $ — | $ — | |||||
Short Futures Contracts | $ (405,897) | $ — | $ — | |||||
ON Janus Henderson U.S. Low Volatility | Common Stocks*** | $ 978,004,063 | $ — | $ — | ||||
Money Market Funds | 6,834,816 | — | — | |||||
$ 984,838,879 | $ — | $ — | ||||||
ON iShares Managed Risk Balanced | Exchange Traded Funds | $ 372,252,879 | $ — | $ — | ||||
Money Market Funds | 30,010,294 | — | — | |||||
$ 402,263,173 | $ — | $ — | ||||||
Long Futures Contracts | $ 507,449 | $ — | $ — | |||||
Short Futures Contracts | $ (178,630) | $ — | $ — | |||||
ON AB Relative Value | Common Stocks*** | $ 76,971,937 | $ — | $ — | ||||
Money Market Funds | 1,827,897 | — | — | |||||
$ 78,799,834 | $ — | $ — | ||||||
ON Moderately Conservative Model | Open-End Mutual Funds | $ 281,729,707 | $ — | $ — | ||||
ON Balanced Model | Open-End Mutual Funds | $1,092,915,995 | $ — | $ — | ||||
ON Moderate Growth Model | Open-End Mutual Funds | $1,977,992,368 | $ — | $ — | ||||
ON Growth Model | Open-End Mutual Funds | $ 448,356,548 | $ — | $ — |
*** | For detailed industry descriptions, see the accompanying Schedules of Investments. |
Notes to Financial Statements (Continued) | December 31, 2021 |
Notes to Financial Statements (Continued) | December 31, 2021 |
Notes to Financial Statements (Continued) | December 31, 2021 |
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 AB Small Cap1 |
0.73% of first $400 million |
0.675% of next $200 million |
0.63% over $600 million |
ON ON AB Mid Cap Core1 |
0.715% of first $100 million |
0.71% of next $200 million |
0.69% of next $200 million |
0.66% over $500 million |
ON Risk Managed Balanced |
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 Janus Henderson U.S. Low Volatility |
0.60% of first $500 million |
0.58% over $500 million |
ON iShares Managed Risk Balanced |
0.58% of first $1.5 billion |
0.55% over $1.5 billion |
ON AB Relative Value |
0.65% of first $100 million |
0.61% of next $200 million |
0.59% over $300 million |
ON Model Portfolios |
0.40% of all net assets |
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 |
1 | At a meeting held on February 16-17, 2021, 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-adviser to the Portfolios. |
Effective May 1, 2021, AllianceBernstein, L.P. (“AB”) replaced the Portfolios' previous sub-adviser, Janus Capital Management, LLC ("Janus"). In connection with this change in sub-adviser, the Board approved a revision to the Portfolios' advisory fee breakpoint schedules, also effective May 1, 2021. Previously, the advisory fee breakpoints, based on of the Portfolios' daily net assets, were: |
Notes to Financial Statements (Continued) | December 31, 2021 |
ON AB Small Cap | ON AB Mid Cap Core | |
0.80% of first $150 million | 0.85% of first $100 million | |
0.75% of next $150 million | 0.80% of next $100 million | |
0.70% of next $300 million | 0.75% of next $300 million | |
0.65% over $600 million | 0.70% 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 AB Small Cap (AB)2 |
0.32% of first $400 million |
0.29% of next $200 million |
0.255% over $600 million |
ON AB Mid Cap Core (AB)2 |
0.28% of first $100 million |
0.27% of next $200 million |
0.265% of next $200 million |
0.26% over $500 million |
ON S&P 500® Index (Geode)3 |
0.01% of all net assets |
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 |
ON Janus Henderson U.S. Low Volatility (Janus) |
0.15% of all net assets |
ON iShares Managed Risk Balaced (BlackRock) |
0.20% of first $1.5 billion |
0.18% over $1.5 billion |
ON AB Relative Value (AB) |
0.28% of first $100 million |
0.24% of next $200 million |
0.22% over $300 million |
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) |
0.50% of first $400 million |
0.40% of next $800 million |
0.30% over $1.2 billion |
2 | Effective May 1, 2021, AB replaced the Portfolios' previous sub-adviser, Janus. In conjunction with the change in sub-adviser, the Board approved a revision to the sub-advisory fee schedules shown above. Previously, the sub-advisory fee breakpoints, based on the Portfolios' daily net assets, were: |
ON AB Small Cap | ON AB Mid Cap Core | |
0.55% of first $150 million | 0.60% of first $100 million | |
0.45% over $150 million | 0.55% of next $100 million | |
0.50% over $200 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, 2021, 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, 2021 |
Portfolio | May 1, 2021 to April 30, 2022 | May 1, 2020 to April 30, 2021 | May 1, 2019 to April 30, 2020 | |||
ON Moderately Conservative Model | 1.00% | 1.00% | 1.00% | |||
ON Balanced Model | 1.00% | 1.00% | 1.00% | |||
ON Moderate Growth Model | 1.07% | 1.07% | 1.07% | |||
ON Growth Model | 1.14% | 1.14% | 1.14% |
Portfolio | Year Ended December 31, 2021 | Year Ended December 31, 2020 | ||
ON Moderately Conservative Model | $ 64,732 | $162,366 | ||
ON Balanced Model | 137,994 | 416,068 | ||
ON Moderate Growth Model | — | 163,559 | ||
ON Growth Model | — | 55,388 |
Notes to Financial Statements (Continued) | December 31, 2021 |
Portfolio | Expires April 30, 2022 | Expires April 30, 2023 | Expires April 30, 2024 | Total | ||||
ON Moderately Conservative Model | $376,793 | $191,996 | $178,135 | $ 746,924 | ||||
ON Balanced Model | 859,850 | 656,506 | 380,376 | 1,896,732 |
Unaffiliated Funds | Replacement Ohio National Fund Portfolios | |
Federated Hermes Managed Volatility Fund II (Primary Shares and Service Shares) | ON iShares Managed Risk Balanced Portfolio | |
Janus Henderson VIT U.S. Low Volatility Portfolio (Service Shares) | ON Janus Henderson U.S. Low Volatility Portfolio | |
Morgan Stanley VIF Core Plus Fixed Income Portfolio (Class II) | ON Federated Core Plus Bond Portfolio | |
PIMCO Total Return Portfolio (Administrative Share Class) | ON Federated Core Plus Bond Portfolio |
Portfolio | Expense Limitation | |
ON Federated Core Plus Bond | 0.86% | |
ON Janus Henderson U.S. Low Volatility | 0.82% | |
ON iShares Managed Risk Balanced | 0.96% |
Notes to Financial Statements (Continued) | December 31, 2021 |
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, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | ||||||
Capital shares issued on sales | 1,638,958 | 3,025,583 | 695,502 | 1,428,525 | 1,472,906 | 2,995,446 | |||||
Capital shares issued in reorganizations | — | — | — | — | — | 2,973,410 | |||||
Capital shares issued on reinvested distributions | 409,196 | 97,007 | 1,295,471 | 95,038 | 378,436 | 189,376 | |||||
Capital shares redeemed | (2,280,423) | (4,141,734) | (2,530,622) | (3,873,512) | (4,962,157) | (6,075,879) | |||||
Net increase (decrease) | (232,269) | (1,019,144) | (539,649) | (2,349,949) | (3,110,815) | 82,353 |
ON Janus Henderson Forty | ON AB Small Cap | ON AB Mid Cap Core | |||||||||
Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||
December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | ||||||
Capital shares issued on sales | 226,283 | 409,782 | 275,122 | 868,308 | 48,941 | 183,549 | |||||
Capital shares issued on reinvested distributions | 618,916 | 138,883 | 473,472 | 96,662 | 107,512 | 30,674 | |||||
Capital shares redeemed | (2,739,324) | (2,310,411) | (875,705) | (1,903,112) | (397,186) | (563,927) | |||||
Net increase (decrease) | (1,894,125) | (1,761,746) | (127,111) | (938,142) | (240,733) | (349,704) |
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, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | ||||||
Capital shares issued on sales | 2,304,647 | 2,755,108 | 3,078,143 | 1,839,033 | 572,042 | 845,753 | |||||
Capital shares issued on reinvested distributions | 2,121,776 | 473,954 | 221,885 | 274,451 | 408,549 | 128,465 | |||||
Capital shares redeemed | (7,477,008) | (7,623,506) | (6,076,719) | (2,671,144) | (1,204,705) | (2,467,416) | |||||
Net increase (decrease) | (3,050,585) | (4,394,444) | (2,776,691) | (557,660) | (224,114) | (1,493,198) |
Notes to Financial Statements (Continued) | December 31, 2021 |
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, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | ||||||
Capital shares issued on sales | 1,529,196 | 2,394,007 | 315,562 | 418,930 | 526,740 | 554,312 | |||||
Capital shares issued on reinvested distributions | 2,696,832 | 686,296 | 1,014,526 | 21,289 | 641,791 | 72,354 | |||||
Capital shares redeemed | (5,390,952) | (7,238,843) | (2,402,926) | (2,683,509) | (1,034,313) | (2,115,320) | |||||
Net increase (decrease) | (1,164,924) | (4,158,540) | (1,072,838) | (2,243,290) | 134,218 | (1,488,654) |
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, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | ||||||
Capital shares issued on sales | 1,166,192 | 3,398,152 | 84,388 | 187,147 | 2,152,303 | 3,554,679 | |||||
Capital shares issued on reinvested distributions | 477,050 | 117,498 | 702,651 | 48,229 | 4,198,645 | 643,174 | |||||
Capital shares redeemed | (4,690,660) | (7,203,988) | (1,579,967) | (1,132,110) | (5,471,529) | (6,273,202) | |||||
Net increase (decrease) | (3,047,418) | (3,688,338) | (792,928) | (896,734) | 879,419 | (2,075,349) |
ON Federated Core Plus Bond | ON Janus Henderson U.S. Low Volatility | ON iShares Managed Risk Balanced | ON AB Relative Value | ||||||
Year Ended | Period from May 1, 2020 (inception) to | Period from June 25, 2021 (inception) to | Period from June 25, 2021 (inception) to | Period from December 2, 2021 (inception) to | |||||
December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2021 | December 31, 2021 | |||||
Capital shares issued on sales | 52,677,628 | 23,758,028 | 913,773 | 43,695,081 | 7,633,724 | ||||
Capital shares issued as a result of in-kind transfer (see Note 3 of Notes to Financial Statements) | — | — | 98,371,408 | — | — | ||||
Capital shares issued on reinvested distributions | 243,513 | — | — | — | — | ||||
Capital shares redeemed | (6,285,698) | (846,228) | (10,816,824) | (3,412,630) | (250,777) | ||||
Net increase (decrease) | 46,635,443 | 22,911,800 | 88,468,357 | 40,282,451 | 7,382,947 |
ON Moderately Conservative Model | ON Balanced Model | ON Moderate Growth Model | |||||||||
Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||
December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | ||||||
Capital shares issued on sales | 1,206,062 | 1,195,040 | 1,617,055 | 3,569,104 | 1,873,210 | 1,938,457 | |||||
Capital shares issued in reorganizations | — | 6,350,022 | — | — | — | — | |||||
Capital shares issued on reinvested distributions | 563,393 | — | 1,546,590 | — | 1,693,877 | — | |||||
Capital shares redeemed | (4,572,097) | (3,232,252) | (12,691,753) | (13,888,420) | (21,686,521) | (22,860,477) | |||||
Net increase (decrease) | (2,802,642) | 4,312,810 | (9,528,108) | (10,319,316) | (18,119,434) | (20,922,020) |
Notes to Financial Statements (Continued) | December 31, 2021 |
ON Growth Model | |||
Year Ended | Year Ended | ||
December 31, 2021 | December 31, 2020 | ||
Capital shares issued on sales | 355,476 | 625,756 | |
Capital shares issued on reinvested distributions | 324,206 | — | |
Capital shares redeemed | (4,738,901) | (5,689,737) | |
Net increase (decrease) | (4,059,219) | (5,063,981) |
ON Bond | ON BlackRock Balanced Allocation | ON BlackRock Advantage International Equity | ON Janus Henderson Forty | ON AB Small Cap | |||||
Cost of purchases | $27,231,378 | $537,296,959 | $ 964,491,808 | $ 55,956,366 | $235,360,550 | ||||
Proceeds from sales | $29,571,023 | $599,357,507 | $1,026,439,283 | $153,908,904 | $264,445,516 |
ON AB Mid Cap Core | ON S&P 500® Index | ON BlackRock Advantage Large Cap Value | ON Federated High Income Bond | ON Nasdaq-100® Index | |||||
Cost of purchases | $131,722,768 | $ 58,782,773 | $511,873,725 | $61,443,649 | $ 27,352,790 | ||||
Proceeds from sales | $153,386,116 | $269,219,796 | $565,236,894 | $66,148,772 | $145,545,925 |
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 | $568,100,368 | $174,885,223 | $ 89,101,636 | $136,887,962 | $153,026,207 | ||||
Proceeds from sales | $641,024,587 | $204,309,856 | $175,938,806 | $195,212,481 | $225,074,190 |
ON Federated Core Plus Bond | ON Janus Henderson U.S. Low Volatility1 | ON iShares Managed Risk Balanced1 | ON AB Relative Value2 | ON Moderately Conservative Model | |||||
Cost of purchases | $455,096,029 | $306,961,782 | $421,648,820 | $74,924,670 | $37,560,289 | ||||
Proceeds from sales | $106,191,371 | $408,553,246 | $ 56,041,760 | $ 1,837,104 | $72,268,255 |
ON Balanced Model | ON Moderate Growth Model | ON Growth Model | |||
Cost of purchases | $134,268,794 | $289,779,447 | $ 81,223,518 | ||
Proceeds from sales | $241,446,028 | $471,316,268 | $120,344,649 |
1 | Period from June 25, 2021 (inception) to December 31, 2021. |
2 | Period from December 2, 2021 (inception) to December 31, 2021. |
ON Bond | ON BlackRock Balanced Allocation | ON Risk Managed Balanced | ON Federated Core Plus Bond | ||||
Cost of purchases | $8,917,070 | $20,566,133 | $62,257,998 | $219,625,881 | |||
Proceeds from sales | $7,690,723 | $20,527,109 | $45,587,720 | $ 88,276,292 |
Notes to Financial Statements (Continued) | December 31, 2021 |
Notes to Financial Statements (Continued) | December 31, 2021 |
Portfolio | Collateral Pledged | Futures Contracts Opened (in millions) | Futures Contracts Closed (in millions) | |||
ON BlackRock Balanced Allocation | Portions of cash holdings | $ 73.4 | $ 78.4 | |||
ON BlackRock Advantage International Equity | Portions of cash holdings | 119.2 | 116.8 | |||
ON AB Mid Cap Core | Portions of cash holdings | 3.2 | 3.2 | |||
ON S&P 500® Index | Portions of cash holdings | 228.3 | 226.4 | |||
ON BlackRock Advantage Large Cap Value | Portions of cash holdings | 151.5 | 156.1 | |||
ON Nasdaq-100® Index | Portions of cash holdings | 72.2 | 71.9 | |||
ON BlackRock Advantage Large Cap Core | Portions of cash holdings | 103.9 | 110.2 | |||
ON BlackRock Advantage Small Cap Growth | Portions of cash holdings | 65.2 | 67.7 | |||
ON S&P MidCap 400® Index | Portions of cash holdings | 97.5 | 96.8 | |||
ON BlackRock Advantage Large Cap Growth | Portions of cash holdings | 26.0 | 28.5 | |||
ON Risk Managed Balanced | Portions of securities | 1,640.1 | 1,742.9 | |||
ON Federated Core Plus Bond | Portions of securities | 535.1 | 440.2 | |||
ON iShares Managed Risk Balanced(a) | Portions of cash holdings | 405.7 | 321.5 |
(a) | Period from June 25, 2021 (inception) to December 31, 2021. |
Notes to Financial Statements (Continued) | December 31, 2021 |
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 | $ 5,948,125 | $ 5,883,300 | (1) | |||||
ON BlackRock Advantage International Equity | Futures contracts | Equity price | 8,938,930 | 8,818,480 | (1) | |||||
ON S&P 500® Index | Futures contracts | Equity price | 10,230,775 | 10,302,340 | (1) | |||||
ON BlackRock Advantage Large Cap Value | Futures contracts | Equity price | 4,996,425 | 4,940,454 | (1) | |||||
ON Nasdaq-100® Index | Futures contracts | Equity price | 2,284,905 | 2,311,840 | (1) | |||||
ON BlackRock Advantage Large Cap Core | Futures contracts | Equity price | 6,423,975 | 6,347,046 | (1) | |||||
ON BlackRock Advantage Small Cap Growth | Futures contracts | Equity price | 3,027,780 | 2,973,828 | (1) | |||||
ON S&P MidCap 400® Index | Futures contracts | Equity price | 3,972,780 | 3,934,845 | (1) | |||||
ON BlackRock Advantage Large Cap Growth | Futures contracts | Equity price | 979,245 | 969,729 | (1) | |||||
ON Risk Managed Balanced | Futures contracts | Equity price | 12,372,100 | 12,084,936 | (1) | |||||
Futures contracts | Interest rate | 230,021,052 | 228,852,228 | (1) | ||||||
Purchased options | Equity price | 35,175,163 | — | (2) | ||||||
ON Federated Core Plus Bond | Futures contracts | Interest rate | 107,716,916 | 107,988,694 | (1) | |||||
ON iShares Managed Risk Balanced(a) | Futures contracts | Equity price | 60,934,277 | 60,512,454 | (1) | |||||
Futures contracts | Interest rate | 7,141,194 | 7,293,625 | (1) | ||||||
Futures contracts | Foreign currency | 25,079,464 | 25,020,037 | (1) |
(a) | Period from June 25, 2021 (inception) to December 31, 2021. |
(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 | $2,326,909 | $(251,460) | (1),(2) | |||||
ON BlackRock Advantage International Equity | Futures contracts | Equity price | 803,473 | 57,857 | (1),(2) | |||||
ON AB Mid Cap Core | Futures contracts | Equity price | 27,158 | — | (1),(2) | |||||
ON S&P 500® Index | Futures contracts | Equity price | 2,396,494 | (198,015) | (1),(2) | |||||
ON BlackRock Advantage Large Cap Value | Futures contracts | Equity price | 1,919,238 | (206,453) | (1),(2) | |||||
ON Nasdaq-100® Index | Futures contracts | Equity price | 1,171,493 | (37,014) | (1),(2) | |||||
ON BlackRock Advantage Large Cap Core | Futures contracts | Equity price | 2,430,500 | (276,502) | (1),(2) | |||||
ON BlackRock Advantage Small Cap Growth | Futures contracts | Equity price | 968,506 | (28,757) | (1),(2) | |||||
ON S&P MidCap 400® Index | Futures contracts | Equity price | 771,100 | 10,483 | (1),(2) | |||||
ON BlackRock Advantage Large Cap Growth | Futures contracts | Equity price | 548,029 | (93,939) | (1),(2) | |||||
ON Risk Managed Balanced | Futures contracts | Equity price | 211,230 | (163,094) | (1),(2) |
Notes to Financial Statements (Continued) | December 31, 2021 |
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 | |||||
Futures contracts | Interest rate | $ (6,828,834) | $ 988,682 | (1),(2) | ||||||
Purchased options | Equity price | 17,338,094 | (1,674,142) | (3),(4) | ||||||
ON Federated Core Plus Bond | Futures contracts | Interest rate | (478,700) | (311,976) | (1),(2) | |||||
ON iShares Managed Risk Balanced(a) | Futures contracts | Equity price | 331,101 | 421,823 | (1),(2) | |||||
Futures contracts | Interest rate | 193,967 | (152,431) | (1),(2) | ||||||
Futures contracts | Foreign currency | (526,514) | 59,427 | (1),(2) |
(a) | Period from June 25, 2021 (inception) to December 31, 2021. |
(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. |
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 | $ 7,256,312 | $ 1,318,114 | $ 8,574,426 | $ — | $ 16,569,918 | $ 25,144,344 | ||||||
ON BlackRock Balanced Allocation | 52,629,444 | 38,513,576 | 91,143,020 | — | 73,163,664 | 164,306,684 | ||||||
ON BlackRock Advantage International Equity | 63,189,251 | — | 63,189,251 | — | 20,793,581 | 83,982,832 | ||||||
ON Janus Henderson Forty | 2,977,308 | 56,341,842 | 59,319,150 | — | 52,830,258 | 112,149,408 | ||||||
ON AB Small Cap | 11,359,482 | 66,087,056 | 77,446,538 | — | 13,050,594 | 90,497,132 | ||||||
ON AB Mid Cap Core | 2,186,660 | 36,330,758 | 38,517,418 | — | 8,107,836 | 46,625,254 | ||||||
ON S&P 500® Index | 14,996,625 | 126,212,481 | 141,209,106 | — | 570,501,350 | 711,710,456 | ||||||
ON BlackRock Advantage Large Cap Value | 46,809,226 | 14,562,823 | 61,372,049 | — | 24,377,190 | 85,749,239 | ||||||
ON Federated High Income Bond | 7,915,614 | — | 7,915,614 | (7,929,745) | 3,132,416 | 3,118,285 | ||||||
ON Nasdaq-100® Index | 1,964,104 | 79,047,918 | 81,012,022 | — | 171,568,046 | 252,580,068 | ||||||
ON BlackRock Advantage Large Cap Core | 52,969,614 | 41,049,996 | 94,019,610 | — | 74,851,860 | 168,871,470 | ||||||
ON BlackRock Advantage Small Cap Growth | 21,729,514 | 28,247,225 | 49,976,739 | — | 13,988,772 | 63,965,511 | ||||||
ON S&P MidCap 400® Index | 13,332,362 | 46,348,118 | 59,680,480 | — | 105,357,031 | 165,037,511 |
Notes to Financial Statements (Continued) | December 31, 2021 |
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 BlackRock Advantage Large Cap Growth | $11,457,266 | $ 23,282,194 | $ 34,739,460 | $ — | $ 15,445,639 | $ 50,185,099 | ||||||
ON Risk Managed Balanced | 16,259,294 | 36,130,402 | 52,389,696 | — | 84,482,353 | 136,872,049 | ||||||
ON Federated Core Plus Bond | 9,174,157 | 291,199 | 9,465,356 | — | (4,689,989) | 4,775,367 | ||||||
ON Janus Henderson U.S. Low Volatility | 24,266,977 | — | 24,266,977 | — | 79,502,627 | 103,769,604 | ||||||
ON iShares Managed Risk Balanced | 2,755,661 | 674,403 | 3,430,064 | — | 5,986,879 | 9,416,943 | ||||||
ON AB Relative Value | 92,591 | — | 92,591 | — | 3,814,204 | 3,906,795 | ||||||
ON Moderately Conservative Model | 4,414,338 | 14,607,671 | 19,022,009 | — | 28,306,991 | 47,329,000 | ||||||
ON Balanced Model | 19,218,976 | 76,236,257 | 95,455,233 | — | 150,176,152 | 245,631,385 | ||||||
ON Moderate Growth Model | 35,980,510 | 173,240,054 | 209,220,564 | — | 316,395,504 | 525,616,068 | ||||||
ON Growth Model | 8,376,893 | 49,234,647 | 57,611,540 | — | 78,366,624 | 135,978,164 |
(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. |
Portfolio | Total Loss Carryforward | No Expiration Short Term | No Expiration Long Term | |||
ON Federated High Income Bond | $7,929,745 | $ — | $7,929,745 |
ON Bond | ON BlackRock Balanced Allocation | ON BlackRock Advantage International Equity | ON Janus Henderson Forty | ON AB Small Cap | ON AB Mid Cap Core | ||||||
Gross unrealized: | |||||||||||
Appreciation | $ 17,844,255 | $ 73,161,679 | $ 41,819,904 | $54,222,344 | $ 22,870,570 | $13,024,707 | |||||
Depreciation | (1,274,337) | — | (21,037,347) | (1,391,908) | (9,819,976) | (4,916,921) | |||||
Net unrealized appreciation (depreciation) | $ 16,569,918 | $ 73,161,679 | $ 20,782,557 | $52,830,436 | $ 13,050,594 | $ 8,107,786 | |||||
Aggregate cost of investments: | $254,427,903 | $478,287,961 | $483,459,349 | $88,951,281 | $155,778,724 | $96,936,885 |
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 | $594,505,110 | $ 24,360,816 | $ 5,475,328 | $175,799,021 | $ 79,307,813 | $ 34,166,181 | |||||
Depreciation | (24,003,760) | — | (2,342,912) | (4,230,975) | (4,455,953) | (20,177,409) | |||||
Net unrealized appreciation (depreciation) | $570,501,350 | $ 24,360,816 | $ 3,132,416 | $171,568,046 | $ 74,851,860 | $ 13,988,772 | |||||
Aggregate cost of investments: | $750,204,869 | $304,511,472 | $163,101,498 | $185,107,858 | $367,700,108 | $180,650,266 |
Notes to Financial Statements (Continued) | December 31, 2021 |
ON S&P MidCap 400® Index | ON BlackRock Advantage Large Cap Growth | ON Risk Managed Balanced | ON Federated Core Plus Bond | ON Janus Henderson U.S. Low Volatility | ON iShares Managed Risk Balanced | ||||||
Gross unrealized: | |||||||||||
Appreciation | $114,892,554 | $16,329,507 | $ 92,512,867 | $ 3,125,927 | $ 99,696,623 | $ 10,834,042 | |||||
Depreciation | (9,535,523) | (883,868) | (8,030,514) | (7,815,916) | (20,193,996) | (4,771,398) | |||||
Net unrealized appreciation (depreciation) | $105,357,031 | $15,445,639 | $ 84,482,353 | $ (4,689,989) | $ 79,502,627 | $ 6,062,644 | |||||
Aggregate cost of investments: | $336,581,379 | $66,166,990 | $365,046,614 | $710,404,976 | $905,336,252 | $396,529,348 |
ON AB Relative Value | ON Moderately Conservative Model | ON Balanced Model | ON Moderate Growth Model | ON Growth Model | |||||
Gross unrealized: | |||||||||
Appreciation | $ 4,209,228 | $ 28,363,504 | $150,176,152 | $ 317,110,837 | $ 78,523,719 | ||||
Depreciation | (395,024) | (56,513) | — | (715,333) | (157,095) | ||||
Net unrealized appreciation (depreciation) | $ 3,814,204 | $ 28,306,991 | $150,176,152 | $ 316,395,504 | $ 78,366,624 | ||||
Aggregate cost of investments: | $74,985,630 | $253,422,716 | $942,739,843 | $1,661,596,864 | $369,989,924 |
Distributions Paid to Shareholders | Other Reclassifications | |||||||||
Portfolio | Ordinary Income* | Net Long-Term Capital Gains | Total Distribution | Paid-in Capital | Total Distributable Earnings | |||||
ON Bond | $ 8,269,842 | $ — | $ 8,269,842 | $ 1 | $ (1) | |||||
ON BlackRock Balanced Allocation | 28,527,622 | 23,187,589 | 51,715,211 | 1 | (1) | |||||
ON BlackRock Advantage International Equity | 6,864,821 | — | 6,864,821 | 915 | (915) | |||||
ON Janus Henderson Forty | 1,508,225 | 20,952,229 | 22,460,454 | — | — | |||||
ON AB Small Cap | 2,327,746 | 17,075,130 | 19,402,876 | (562) | 562 | |||||
ON AB Mid Cap Core | 156,515 | 6,216,783 | 6,373,298 | — | — | |||||
ON S&P 500® Index | 19,846,188 | 69,459,354 | 89,305,542 | — | — | |||||
ON BlackRock Advantage Large Cap Value | 4,834,870 | — | 4,834,870 | — | — | |||||
ON Federated High Income Bond | 8,796,067 | — | 8,796,067 | — | — | |||||
ON Nasdaq-100® Index | 2,559,507 | 68,367,176 | 70,926,683 | — | — | |||||
ON BlackRock Advantage Large Cap Core | 13,346,129 | 28,168,258 | 41,514,387 | 1 | (1) | |||||
ON BlackRock Advantage Small Cap Growth | 20,846,427 | 3,785,498 | 24,631,925 | (1) | 1 | |||||
ON S&P MidCap 400® Index | 9,594,486 | 1,954,878 | 11,549,364 | — | — | |||||
ON BlackRock Advantage Large Cap Growth | 7,181,931 | 14,551,063 | 21,732,994 | — | — | |||||
ON Risk Managed Balanced | 21,024,870 | 47,958,860 | 68,983,730 | — | — | |||||
ON Federated Core Plus Bond | 2,499,839 | 35,130 | 2,534,969 | — | — | |||||
ON Janus Henderson U.S. Low Volatility | — | — | — | — | — | |||||
ON iShares Managed Risk Balanced | — | — | — | — | — | |||||
ON AB Relative Value | — | — | — | — | — | |||||
ON Moderately Conservative Model | 3,192,853 | 4,170,692 | 7,363,545 | 17,251 | (17,251) | |||||
ON Balanced Model | 9,622,752 | 11,766,598 | 21,389,350 | — | — | |||||
ON Moderate Growth Model | 8,188,561 | 16,677,555 | 24,866,116 | — | — | |||||
ON Growth Model | 1,118,442 | 3,981,321 | 5,099,763 | — | — |
Notes to Financial Statements (Continued) | December 31, 2021 |
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 BlackRock Advantage International Equity | 2,738,370 | — | 2,738,370 | — | — | |||||
ON Janus Henderson Forty | 678,796 | 3,725,197 | 4,403,993 | — | — | |||||
ON AB Small Cap | 204,449 | 3,114,912 | 3,319,361 | 661,684 | (661,684) | |||||
ON AB Mid Cap Core | 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 |
Notes to Financial Statements (Continued) | December 31, 2021 |
Report of Independent Registered Public Accounting Firm |
Ohio National Fund, Inc.:
Report of Independent Registered Public Accounting Firm (Continued) |
Additional Information | December 31, 2021 (Unaudited) |
Additional Information (Continued) | December 31, 2021 (Unaudited) |
Additional Information (Continued) | December 31, 2021 (Unaudited) |
Additional Information (Continued) | December 31, 2021 (Unaudited) |
Additional Information (Continued) | December 31, 2021 (Unaudited) |
Additional Information (Continued) | December 31, 2021 (Unaudited) |
Additional Information (Continued) | December 31, 2021 (Unaudited) |
Additional Information (Continued) | December 31, 2021 (Unaudited) |
Additional Information (Continued) | December 31, 2021 (Unaudited) |
Portfolio | Beginning Investment Value 7/1/2021 | Ending Investment Value 12/31/2021 | Expenses Paid During Period* 7/1/2021 – 12/31/2021 | Expense Ratio During Period 7/1/2021 – 12/31/2021 (Annualized) | ||||
ON Bond | $1,000.00 | $ 997.30 | $2.97 | 0.59% | ||||
ON BlackRock Balanced Allocation | $1,000.00 | $1,079.60 | $2.78 | 0.53% | ||||
ON BlackRock Advantage International Equity | $1,000.00 | $1,029.30 | $4.55 | 0.89% | ||||
ON Janus Henderson Forty | $1,000.00 | $1,059.20 | $4.10 | 0.79% | ||||
ON AB Small Cap | $1,000.00 | $1,024.00 | $4.29 | 0.84% | ||||
ON AB Mid Cap Core | $1,000.00 | $1,055.30 | $4.51 | 0.87% | ||||
ON S&P 500® Index | $1,000.00 | $1,114.70 | $1.97 | 0.37% | ||||
ON BlackRock Advantage Large Cap Value | $1,000.00 | $1,073.20 | $3.81 | 0.73% | ||||
ON Federated High Income Bond | $1,000.00 | $1,010.90 | $4.16 | 0.82% | ||||
ON Nasdaq-100® Index | $1,000.00 | $1,122.40 | $2.14 | 0.40% | ||||
ON BlackRock Advantage Large Cap Core | $1,000.00 | $1,114.20 | $3.68 | 0.69% | ||||
ON BlackRock Advantage Small Cap Growth | $1,000.00 | $ 954.30 | $4.19 | 0.85% | ||||
ON S&P MidCap 400® Index | $1,000.00 | $1,058.40 | $2.08 | 0.40% | ||||
ON BlackRock Advantage Large Cap Growth | $1,000.00 | $1,117.00 | $4.27 | 0.80% | ||||
ON Risk Managed Balanced | $1,000.00 | $1,078.90 | $4.98 | 0.95% | ||||
ON Federated Core Plus Bond | $1,000.00 | $ 998.70 | $2.77 | 0.55% | ||||
ON Janus Henderson U.S. Low Volatility | $1,000.00 | $1,109.80 | $3.30 | 0.62% | ||||
ON iShares Managed Risk Balanced | $1,000.00 | $1,024.00 | $3.16 | 0.62% | ||||
ON AB Relative Value** | $1,000.00 | $1,052.00 | $0.97 | 1.19% | ||||
ON Moderately Conservative Model | $1,000.00 | $1,027.10 | $2.30 | 0.45% | ||||
ON Balanced Model | $1,000.00 | $1,032.00 | $2.20 | 0.43% | ||||
ON Moderate Growth Model | $1,000.00 | $1,042.90 | $2.16 | 0.42% | ||||
ON Growth Model | $1,000.00 | $1,048.50 | $2.48 | 0.48% |
* | 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 (184 days) divided by the number of days in the fiscal year (365 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. |
** | Period from December 2, 2021 (inception) to December 31, 2021. |
Portfolio | Beginning Investment Value 7/1/2021 | Ending Investment Value 12/31/2021 | Expenses Paid During Period* 7/1/2021 – 12/31/2021 | Expense Ratio During Period 7/1/2021 – 12/31/2021 (Annualized) | ||||
ON Bond | $1,000.00 | $1,022.23 | $3.01 | 0.59% | ||||
ON BlackRock Balanced Allocation | $1,000.00 | $1,022.53 | $2.70 | 0.53% | ||||
ON BlackRock Advantage International Equity | $1,000.00 | $1,020.72 | $4.53 | 0.89% |
Additional Information (Continued) | December 31, 2021 (Unaudited) |
Portfolio | Beginning Investment Value 7/1/2021 | Ending Investment Value 12/31/2021 | Expenses Paid During Period* 7/1/2021 – 12/31/2021 | Expense Ratio During Period 7/1/2021 – 12/31/2021 (Annualized) | ||||
ON Janus Henderson Forty | $1,000.00 | $1,021.22 | $4.02 | 0.79% | ||||
ON AB Small Cap | $1,000.00 | $1,020.97 | $4.28 | 0.84% | ||||
ON AB Mid Cap Core | $1,000.00 | $1,020.82 | $4.43 | 0.87% | ||||
ON S&P 500® Index | $1,000.00 | $1,023.34 | $1.89 | 0.37% | ||||
ON BlackRock Advantage Large Cap Value | $1,000.00 | $1,021.53 | $3.72 | 0.73% | ||||
ON Federated High Income Bond | $1,000.00 | $1,021.07 | $4.18 | 0.82% | ||||
ON Nasdaq-100® Index | $1,000.00 | $1,023.19 | $2.04 | 0.40% | ||||
ON BlackRock Advantage Large Cap Core | $1,000.00 | $1,021.73 | $3.52 | 0.69% | ||||
ON BlackRock Advantage Small Cap Growth | $1,000.00 | $1,020.92 | $4.33 | 0.85% | ||||
ON S&P MidCap 400® Index | $1,000.00 | $1,023.19 | $2.04 | 0.40% | ||||
ON BlackRock Advantage Large Cap Growth | $1,000.00 | $1,021.17 | $4.08 | 0.80% | ||||
ON Risk Managed Balanced | $1,000.00 | $1,020.42 | $4.84 | 0.95% | ||||
ON Federated Core Plus Bond | $1,000.00 | $1,022.43 | $2.80 | 0.55% | ||||
ON Janus Henderson U.S. Low Volatility | $1,000.00 | $1,022.08 | $3.16 | 0.62% | ||||
ON iShares Managed Risk Balanced | $1,000.00 | $1,022.08 | $3.16 | 0.62% | ||||
ON AB Relative Value** | $1,000.00 | $1,019.21 | $0.95 | 1.19% | ||||
ON Moderately Conservative Model | $1,000.00 | $1,022.94 | $2.29 | 0.45% | ||||
ON Balanced Model | $1,000.00 | $1,023.04 | $2.19 | 0.43% | ||||
ON Moderate Growth Model | $1,000.00 | $1,023.09 | $2.14 | 0.42% | ||||
ON Growth Model | $1,000.00 | $1,022.79 | $2.45 | 0.48% |
* | 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 (184 days) divided by the number of days in the fiscal year (365 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. |
** | Period from December 2, 2021 (inception) to December 31, 2021. |
ON Bond | 0.00% |
ON BlackRock Balanced Allocation | 19.76% |
ON BlackRock Advantage International Equity | 0.00% |
ON Janus Henderson Forty | 57.02% |
ON AB Small Cap | 24.20% |
ON AB Mid Cap Core | 100.00% |
ON S&P 500® Index | 96.37% |
ON BlackRock Advantage Large Cap Value | 100.00% |
ON Federated High Income Bond | 0.00% |
ON Nasdaq-100® Index | 100.00% |
ON BlackRock Advantage Large Cap Core | 47.06% |
ON BlackRock Advantage Small Cap Growth | 4.71% |
ON S&P MidCap 400® Index | 52.65% |
ON BlackRock Advantage Large Cap Growth | 13.26% |
ON Risk Managed Balanced | 11.27% |
ON Federated Core Plus Bond | 0.00% |
ON Janus Henderson U.S. Low Volatility | 0.00% |
ON iShares Managed Risk Balanced | 0.00% |
ON AB Relative Value | 0.00% |
ON Moderately Conservative Model | 7.25% |
ON Balanced Model | 14.61% |
ON Moderate Growth Model | 36.05% |
ON Growth Model | 57.59% |
Additional Information (Continued) | December 31, 2021 (Unaudited) |
Creditable Foreign Taxes Paid | Per Share Amount | Portion of Ordinary Income Distribution Derived from Foreign Sourced Income | |||
ON BlackRock Advantage International Equity | $1,351,613 | $0.0491 | 100.00% | ||
ON Moderately Conservative Model | $ 59,511 | $0.0176 | 8.71% | ||
ON Balanced Model | $ 428,198 | $0.0201 | 15.08% | ||
ON Moderate Growth Model | $ 902,441 | $0.0184 | 17.55% | ||
ON Growth Model | $ 261,864 | $0.0194 | 20.82% |
Approval of new advisory agreements | Approval of manager of managers structure | ||||||
Shares voted for | 384,074,827 | 93.5% | 172,571,595 | 92.8% | |||
Shares voted against | 12,981,931 | 3.2% | 8,305,672 | 4.4% | |||
Shares abstaining | 13,225,931 | 3.2% | 5,137,400 | 2.8% | |||
Shares not voted | 338,447 | 0.1% | 11,774 | 0.0% | |||
Total shares on record date | 410,621,136 | 100.0% | 186,026,441 | 100.0% |
Additional Information (Continued) | December 31, 2021 (Unaudited) |
Information about Directors and Officers | December 31, 2021 (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 | 79 | Director, Member of Audit and Independent Directors Committees | Indefinite; Since March 1996 | 23 | 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 | 67 | Director, Chairman of Audit Committee and Member of Independent Directors Committee | Indefinite; Since April 2012 | 23 | Founder/Managing Director: West Capital Partners LLC (2010 - Present), General Partner: H Ventures LLC (2020 - 2021); Director: ALLETE, Inc. | |||||
Geoffrey Keenan One Financial Way Cincinnati, Ohio | 63 | Chairman (through June 30, 2021) and Director, Member of Audit and Independent Directors Committees | Indefinite; Since January 2015 | 23 | Executive Vice President - Asset Management Operations: Acrisure LLC (May 2021 - December 2021); Executive Vice President and Chief Operating Officer: Gateway Investment Advisers, LLC (1995 - 2013). | |||||
Lawrence L. Grypp One Financial Way Cincinnati, Ohio | 73 | Director, Member of Audit and Independent Directors Committees, Lead Independent Director | Indefinite; Since December 2016 | 23 | Senior Business Advisor and Board Member (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 | 62 | Director, Chairman, effective July 1, 2021 | Indefinite; Since July 2020 | 23 | 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 | ||||||||||
Tara York One Financial Way Cincinnati, Ohio | 33 | President | Indefinite; Since May 2021 | Vice President; Annuity Funds Complex and Product Management: ONLIC (May 2021 - Present); Second VP, Head of Investment Manager Research: ONLIC (July 2020 – April 2021); Director, Senior Investment Analyst: ONLIC (July 2019 – June 2020); Senior Investment Analyst: ONLIC (August 2018 – June 2019); Fund Evaluation Analyst: ONLIC (May 2017 – August 2018); Client Portfolio Manager, PNC Institutional Asset Management (September 2013 – May 2017). | ||||||
Paul J. Gerard One Financial Way Cincinnati, Ohio | 62 | Vice President | Indefinite; Since March 2016 | Senior Vice President and Chief Investment Officer: ONLIC and NSLA (January 2016 - Present). |
Information about Directors and Officers (Continued) | December 31, 2021 (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 | |||||
R. Todd Brockman One Financial Way Cincinnati, Ohio | 53 | Treasurer | Indefinite; Since August 2004 | Vice President, Mutual Fund Operations: ONLIC and NSLA (February 2014 - Present); Treasurer: ONI. | ||||||
Kimberly A. Plante One Financial Way Cincinnati, Ohio | 47 | Secretary | Indefinite; Since March 2005 | Vice President and Counsel: ONLIC (November 2017 - Present); Second Vice President and Counsel: ONLIC (January 2016 - November 2017); Secretary: ONI; Officer of various other Ohio National-affiliated companies. | ||||||
Keith Dwyer One Financial Way Cincinnati, Ohio | 49 | Chief Compliance Officer | Indefinite; Since August 2016 | Second Vice President, Fund Compliance: ONLIC (August 2016 - Present);Chief Compliance Officer: ONI and other Ohio National-affiliated companies (August 2016 - present); Chief Compliance Officer: Fiduciary Capital Management ("FCM") (August 2016 - December 2017). | ||||||
Daniel P. Leming One Financial Way Cincinnati, Ohio | 36 | 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). |
(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, upon request, 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, 2021: | $ | 359,358 | ||
Fiscal year ended December 31, 2020: | $ | 314,500 |
(b) | Audit-Related Fees. |
Consent(s) on N-1A Annual Registration Statement(s) filed with the SEC:
Fiscal year ended December 31, 2021: | $ | 15,500 | ||
Fiscal year ended December 31, 2020: | $ | 23,000 |
(c) | Tax Fees. |
Fiscal year ended December 31, 2021: | $ | 149,864 | ||
Fiscal year ended December 31, 2020: | $ | 122,328 |
(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, 2021 and 2020, 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. |
(a)(1) |
(a)(2) |
(a)(3) |
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/ Tara York | |||
Tara York | ||||
President | ||||
(Principal Executive Officer) | ||||
March 3, 2022 |
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/ Tara York | |||
Tara York | ||||
President | ||||
(Principal Executive Officer) | ||||
March 3, 2022 | ||||
By: | /s/ R. Todd Brockman | |||
R. Todd Brockman | ||||
Treasurer | ||||
(Principal Financial Officer) | ||||
March 3, 2022 |