NVIT Managed American Funds Asset Allocation Fund
Actively managed U.S. alternative fund
As of its 2026 Q2 report, NVIT Managed American Funds Asset Allocation Fund held 9 positions with $2.60B in net assets. Its ten largest holdings made up 95.1% of the fund. Its share classes cost 0.89%–0.95% a year. Over the 12 months to May 2026, it returned 17.9%, with dividends reinvested. In 2026 Q2 it added no new positions and exited none.
The NVIT Managed American Funds Asset Allocation Fund (the Asset Allocation Fund or the Fund) seeks to provide a high total return (including income and capital gains) consistent with preservation of capital over the long term.
The fund is a fund-of-funds that invests a majority of its assets in a diversified portfolio of American Funds mutual funds, with the remainder allocated to a volatility overlay managed by a subadviser. The overlay uses stock index futures to adjust the fund's overall equity exposure between 0% and 80% depending on market conditions, buying futures when volatility is low and selling or shorcing them when volatility is high. The filing states that the volatility overlay may not successfully reduce volatility and could result in underperformance or losses greater than if the fund did not implement it, and that use of leverage in the strategy may cause performance to be more volatile than without leverage.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
RLBGXAmerican Balanced Fund | 28.55% | $742.30M | — |
American Funds Growth Fund | 28.50% | $740.89M | — |
American Funds Washington Mutual Investors Fund | 19.11% | $497.01M | — |
Bond Fund of America (The) | 14.23% | $369.94M | — |
American Funds U.S. Government Securities Fund | 4.75% | $123.55M | — |
N/A | 0.01% | $0.15M | — |
N/A | 0.00% | $0.02M | — |
All 9 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Other | 95.14% |
| Derivatives | 0.00% |
Derivatives are shown at market value, not notional exposure.
How it has done
C000138646 share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.45%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
NVIT Managed American Funds Asset Allocation Fund is an actively managed U.S. alternative fund.
- Asset class
- Alternative
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 0.89% – 0.95%
- Portfolio turnover
- 17.55% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
0 new
0 exited
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