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Model portfolios

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Mesirow Models

Our managed asset allocation models have been developed by Mesirow Financial, an industry leader in asset allocation. Using extensive knowledge and years of market research, Mesirow Financial has created five asset allocation models specific to our variable universal life product.


The models are designed to offer the diversification needed to help increase your investment return while helping to reduce the impact of market fluctuation.


Your financial professional can help you make final decisions based on your personal circumstances, needs, goals and risk tolerance. Your selected model will determine the investment accounts and specify what percentage of your assets will be allocated to each.

Fund Category - asset color key

Large-cap stocks
Mid-cap stocks
Small-cap stocks
International/World/Emerging Markets
Inflation Protected Services
Money Market


This model may be right for you if you want to avoid a potential loss of account value, or if you are nearing retirement. The Conservative model may have more stable and predictable returns than the other models. You should be willing to go without the potential for higher long-term returns.

VUL - Conservative


This model may be right for you if your primary goal is to avoid short-term losses. However, you also want higher long-term returns to offset the effects of inflation. Your account will likely have relative stability, but in order to keep up with inflation, some fluctuations in your account value should be expected.


This model may be right for you if you are interested in balancing your level of risk and return. You want to have returns in excess of inflation and an increase in your account value over the long term. When investing in this model, you should be willing to accept short-term losses and fluctuations in your account value.



This model may be right for you if you have time until retirement and can tolerate higher-than average fluctuations in your account value. This model provides the potential for higher-than-average returns over the long term. You should be willing to accept short-term losses and less stable returns.



This model may be right for you if you are willing and able to stay the course through short-term gains and losses because you want the potential for higher returns over the long term. You should have a long time until retirement and a high tolerance for risk.You should be willing to accept frequent short-term losses and extreme fluctuations in account value.

Build your own

If you prefer to select your own fund mix to align to your desired investment outcomes, we offer a wide variety of professionally managed investment options to help you customize your approach.


Want more information on these funds?

This guide provides you with information on each of the funds, including expenses and objectives associated with each option. If you’d like additional information on performance over time, fund overview sheets are available for your use.


Investment optionsManager/SeriesExpense Ratio
ClearBridge Variable Large Cap Value Portfolio Franklin Templeton0.710%
Fidelity® VIP Growth & Income Portfolio Fidelity0.520%
Vanguard Diversified Value Portfolio Vanguard0.280%
Vanguard Equity Income Portfolio Vanguard0.300%


Investment optionsManager/SeriesExpense Ratio
American Funds Growth and Income American Funds0.290%
Vanguard Equity Index Portfolio Vanguard0.140%
Vanguard Total Stock Market Index Portfolio Vanguard0.130%


Investment optionsManager/SeriesExpense Ratio
American Funds Growth American Funds0.360%
Fidelity VIP Growth Opportunities Portfolio Fidelity0.640%
Vanguard Capital Growth Portfolio Vanguard0.3400%


Investment optionsManager/SeriesExpense Ratio
Fidelity VIP Value Portfolio Fidelity0.640%
Invesco V.I. American Value Invesco0.880%


Investment optionsManager/SeriesExpense Ratio
ClearBridge Variable Mid Cap Portfolio Franklin Templeton0.820%
Vanguard Mid-Cap Index Portfolio Vanguard0.170%


Investment optionsManager/SeriesExpense Ratio
Invesco V.I. Discovery Mid Cap Growth Fund Invesco0.830%
MFS® Mid-Cap Growth Series MFS0.800%


Investment optionsManager/SeriesExpense Ratio
DFA US Targeted Value DFA0.290%


Investment optionsManager/SeriesExpense Ratio
BlackRock® Small Cap Index BlackRock0.210%
Invesco V.I. Main Street Small Cap Fund Invesco0.840%


Investment optionsManager/SeriesExpense Ratio
Franklin Small-Mid Cap Growth VIP Fund Franklin Templeton0.830%
MFS® New Discovery Series MFS0.870%
Vanguard Small Company Growth Vanguard0.300%


Investment optionsManager/SeriesExpense Ratio
American Funds American High-Income Trust American Funds0.300%
BlackRock® High Yield BlackRock0.570%
Vanguard High Yield Bond Portfolio Vanguard0.260%


Investment optionsManager/SeriesExpense Ratio
PIMCO Long-Term US Government Portfolio BPIMCO0.505%


Investment optionsManager/SeriesExpense Ratio
BlackRock® Total Return BlackRock0.470%
Invesco V.I. Core Plus Bond Invesco0.620%
PIMCO Total Return PIMCO0.500%
Vanguard Total Bond Market Index Portfolio Vanguard0.140%

Short Term

Investment optionsManager/SeriesExpense Ratio
PIMCO Low Duration Portfolio PIMCO0.500%
Vanguard Short-Term Investment-Grade Portfolio Vanguard0.140%


Investment optionsManager/SeriesExpense Ratio
Fidelity® VIP Strategic Income PortfolioFidelity0.660%
PIMCO Income Portfolio PIMCO0.670%
Vanguard Global Bond Index Porfolio Vanguard0.130%
Investment optionsManager/SeriesExpense Ratio
Vanguard VIF Real Estate Index Vanguard0.260%
Investment optionsManager/SeriesExpense Ratio
DFA VIT Inflation Protected Securities DFA0.110%
Fidelity® VIP Floating Rate High Income Portfolio Fidelity0.720%
Investment optionsManager/SeriesExpense Ratio
Vanguard Money Market Portfolio Vanguard0.150%

Note: Variable investment options are subject to market risk which includes the potential loss of principal.


Variable products are sold by prospectus. Both the product prospectus and underlying fund prospectuses can be obtained from your investment professional or by writing to One American Square, Indianapolis, IN 46282, Before investing, carefully consider the fund’s investment objectives, risks, charges, and expenses. The product prospectus and underlying fund prospectus contain this and other important information. Read the prospectuses carefully before investing.


Provided content is for overview and information purposes only and is not intended as tax, legal, fiduciary, or investment advice.


The S&P 500 Index is a product of the S&P Down Jones Indices LLC (“SPDJI”), and has been licensed for use by OneAmerica, Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by OneAmerica. The product is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and non of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.


Investing in international markets involves risks not associated with investing solely in the U.S., such as currency fluctuation, potential political and diplomatic instability, liquidity risks, and differences in accounting, taxes, and regulations. Risks of international investing are generally intensified for investments in emerging markets.


Funds investing in stocks of small, mid-sized, and emerging companies may have less liquidity than those investing in larger, established companies and may be subject to greater price volatility and risk than the overall stock market.


High-yield bonds are subject to greater credit risk and price fluctuations than investment grade bonds.


Money market funds are not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other federal government agency. Although they seek to preserve the value of your investment at $1.00 per share, it’s possible to lose money by investing in money market funds.


The use of asset allocation or diversification does not assure a profit or guarantee against a loss.


Other entities referenced are not affiliates of the companies of OneAmerica unless otherwise noted.


Products issued and underwritten by American United Life Insurance Company® (AUL), Indianapolis, IN, a OneAmerica company and registered variable products distributed by OneAmerica Securities, Inc., a Registered Investment Advisor, Member FINRA, SIPC. Form number ICC21 VUL21. Not available in all states or may vary by state.




All guarantees and benefits of the insurance policy are subject to the claims-paying ability of the issuing insurance company. They are not backed by the broker-dealer and/or insurance agency selling the policy, or any affiliates of those entities other than the issuing company affiliates, and none makes any representations or guarantees regarding the claims-paying ability of the issuer.


Not available in CA, ND, NY & SD