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AuguStarSM Variable Insurance Products Fund, Inc.

(formerly Ohio National Fund, Inc.)

 

Supplement dated December 4, 2023
to the Prospectuses dated May 1, 2023
and the
Statements of Additional Information dated May 1, 2023, and July 28, 2023

 

The following supplements and amends the Prospectuses dated May 1, 2023, as they may be previously supplemented, and the Statements of Additional Information dated May 1, 2023, and July 28, 2023, as they may be previously supplemented.

 

Changes to the Names of the Fund and Portfolios

 

On November 17, 2023, the Board of Directors of Ohio National Fund, Inc. (the “Fund”), approved a change to the name of the Fund and a change to the names of each of its separate series (each, a “Portfolio” and collectively, the “Portfolios”).

 

In connection with these changes, the following information supplements or replaces the corresponding information in each Portfolio’s Summary Prospectus, Statutory Prospectus, and Statement of Additional Information as indicated below.

 

Change to the Name of the Fund

The Fund’s name is changed as indicated below, and all references to the Fund’s name are replaced with its new name: 

 

Fund New Name
Ohio National Fund, Inc. AuguStarSM Variable Insurance Products Fund, Inc.

 

Changes to the Names of the Portfolios

Each Portfolio’s name is changed as indicated below, and all references to that Portfolio’s name are replaced with its new name:

 

Portfolio New Name
ON Bond Portfolio AVIP Bond Portfolio
ON BlackRock Balanced Allocation Portfolio AVIP BlackRock Balanced Allocation Portfolio
ON BlackRock Advantage International Equity Portfolio AVIP BlackRock Advantage International Equity Portfolio
ON BlackRock Advantage Large Cap Core Portfolio AVIP BlackRock Advantage Large Cap Core Portfolio
ON BlackRock Advantage Large Cap Growth Portfolio AVIP BlackRock Advantage Large Cap Growth Portfolio
ON BlackRock Advantage Large Cap Value Portfolio AVIP BlackRock Advantage Large Cap Value Portfolio

 

 

 

Portfolio New Name
ON BlackRock Advantage Small Cap Growth Portfolio AVIP BlackRock Advantage Small Cap Growth Portfolio
ON AB Small Cap Portfolio AVIP AB Small Cap Portfolio
ON AB Mid Cap Core Portfolio AVIP AB Mid Cap Core Portfolio
ON AB Relative Value Portfolio AVIP AB Relative Value Portfolio
ON Risk Managed Balanced Portfolio AVIP AB Risk Managed Balanced Portfolio
ON S&P 500® Index Portfolio AVIP S&P 500® Index Portfolio
ON S&P MidCap 400® Index Portfolio AVIP S&P MidCap 400® Index Portfolio
ON Nasdaq-100® Index Portfolio AVIP Nasdaq-100® Index Portfolio
ON Federated High Income Bond Portfolio AVIP Federated High Income Bond Portfolio
ON Federated Core Plus Bond Portfolio AVIP Federated Core Plus Bond Portfolio
ON U.S. Low Volatility Portfolio AVIP Intech U.S. Low Volatility Portfolio
ON Fidelity Institutional AM® Equity Growth Portfolio AVIP Fidelity Institutional AM® Equity Growth Portfolio
ON iShares Managed Risk Balanced Portfolio AVIP iShares Managed Risk Balanced Portfolio
ON iShares Managed Risk Moderate Growth Portfolio AVIP iShares Managed Risk Moderate Growth Portfolio
ON iShares Managed Risk Growth Portfolio AVIP iShares Managed Risk Growth Portfolio
ON Moderately Conservative Model Portfolio AVIP Moderately Conservative Model Portfolio
ON Balanced Model Portfolio AVIP Balanced Model Portfolio
ON Moderate Growth Model Portfolio AVIP Moderate Growth Model Portfolio
ON Growth Model Portfolio AVIP Growth Model Portfolio

 

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Please retain this supplement with your Prospectus and Statement of Additional Information for future reference.